LODGE AT IVES HILL INC

EIN: 274249244 501(c)(3) Housing & Shelter

WATERTOWN, NY

Total Revenue
$1,093,048
Total Expenses
$1,050,708
Total Assets
$2,424,964
Net Assets
$-440,787
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NY
Principal Officer
LISA RESSMAN
Phone
3156814038
Tax Period
2023-01-01 to 2023-12-31

LODGE AT IVES HILL INC, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

THE LODGE AT IVES HILL, INC. MAINTAINS AFFORDABLE HOUSING FOR SENIORS IN WATERTOWN, NY. THE LODGE OFFERS DINING SERVICES, VARIOUS SOCIAL AND EDUCATIONAL PROGRAMS, 24/7 STAFF, HOUSEKEEPING SERVICES, LAUNDRY SERVICES, AND TRANSPORTATION SERVICES TO RESIDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,085,056
Investment Income $0
Other Revenue $7,992
TOTAL REVENUE $1,093,048

Expense Breakdown

Grants Paid $0
Salaries & Benefits $664,180
Fundraising Expenses $0
Program Expenses $744,118
Other Expenses $386,528
TOTAL EXPENSES $1,050,708

Year-over-Year Comparison

2023 2022 Change
Revenue $1,093,048 $893,810 +0.2%
Expenses $1,050,708 $1,015,503 +0.0%
Net Income $42,340 $-121,693 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$1,322,356
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Haglund President & CEO 1
Officer
$0 $22,142 $329,522
Meghan Aldrich Chief Operating Officer 1
Officer
$0 $4,071 $260,497
Mark Wilcox Chief Information Officer 1
Officer
$0 $21,518 $204,457
Danielle Bozich Chief Human Resources Officer 1
Officer
$0 $12,802 $193,883
Samuel Hill Chief of Mission Advancement 1
Officer
$0 $17,925 $175,404
Robin DiGregorio Regional Nursing Home Administrator 1
Highest
$0 $14,843 $167,521
Matthew Boswell Vice President of Finance 1
Highest
$0 $9,903 $164,122
Richard Whitver Managing Pharmacist 0
Highest
$0 $2,566 $163,091
Kathy Wetherell RN Supervisor 0
Highest
$0 $16,440 $143,967
Tracy Nelson Vice President of Human Resources 1
Highest
$0 $2,933 $130,139
Paul DeSantis Chief Financial Officer 1
Officer
$0 $6,286 $120,795
Lisa Ressman Chief Financial Officer 1
Officer
$0 $1,212 $37,798
Samuel Shreffler Board Member 1
Director
$0 $0 $0
Walter Fleming Chair 1
Officer Director
$0 $0 $0
Susan Wilston Vice Chair 1
Officer Director
$0 $0 $0
Susanne Mohnkern Board Member 1
Director
$0 $0 $0
Jane Spencer Board Member 1
Director
$0 $0 $0
Janet Snyder Board Member 1
Director
$0 $0 $0
Larry Roberts Secretary/Treasurer 1
Officer Director
$0 $0 $0
Peter Schmitt Board Member 1
Director
$0 $0 $0
Judy Rich Board Member 1
Director
$0 $0 $0
Honna Curtis Board Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,093,048 $1,050,708 $2,424,964 $42,340
2022 $893,810 $1,015,503 $3,635,725 $-121,693
2021 $961,868 $918,121 $3,619,257 $43,747
2020 $979,495 $830,604 $2,838,757 $148,891
2019 $912,549 $934,289 $2,209,211 $-21,740
2018 $823,149 $826,142 $2,467,855 $-2,993
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