Newbridge on the charles inc

EIN: 383707573 501(c)(3) Human Services

Boston, MA

Total Revenue
$61,385,691
Total Expenses
$66,585,461
Total Assets
$257,198,323
Net Assets
$-220,435,572
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MA
Phone
6173258000
Tax Period
2023-10-01 to 2024-09-30

Newbridge on the charles inc, founded in 2004, is a mid-sized nonprofit in the Human Services sector that reported $61.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

In the spirit of the fifth commandment, as illuminated by the traditions of the Jewish people, our mission is to honor our elders, by respecting and promoting their independence, spiritual vigor, dignity and choice, and by recognizing that seniors are a resource to be cherished. (Continued on Schedule O)

Program Service Accomplishments

Program 1
Expenses: $26,012,993 Revenue: $26,242,261

INDEPENDENT LIVING WHEN MOVING TO NEWBRIDGE ON THE CHARLES, INC. (NBOC) RESIDENTS ENJOY THE FREEDOM FROM HOME OWNERSHIP, THE CONVENIENCE OF SERVICES AND AMENITITES, AND THE FLEXIBILITY TO ENJOY A...

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INDEPENDENT LIVING WHEN MOVING TO NEWBRIDGE ON THE CHARLES, INC. (NBOC) RESIDENTS ENJOY THE FREEDOM FROM HOME OWNERSHIP, THE CONVENIENCE OF SERVICES AND AMENITITES, AND THE FLEXIBILITY TO ENJOY A WIDE RANGE OF ACTIVITIES. PERHAPS THE BIGGEST BENEFIT IS PEACE OF MIND THAT COMES WITH KNOWING THEY HAVE A FULL SPECTRUM OF HEALTH CARE SERVICES AND LIVING ACCOMODATIONS AS THEIR NEEDS CHANGE OVER TIME. THIS CONTINUUM OF CARE EXTENDS FROM INDEPENDENT LIVING TO ASSISTED LIVING, TO SKILLED REHABILITATIVE AND LONG-TERM NURSING CARE, ALL IN ONE COMMUNITY. A MEDICAL PRACTICE AS WELL AS HOME HEALTH CARE CENTER IS AVAILABLE ON THE CAMPUS. IN OUR HEALTH CARE CENTER, CARE IS PROVIDED FROM AN INTERDISCIPLINARY TEAM OF SPECIALISTS FROM HEBREW REHABILITATION CENTER (HRC)/HEBREW SENIORLIFE, INC. (HSL) AN INTERNATIONALLY RECOGNIZED LEADER IN GERIATRIC RESEARCH, TRAINING AND EDUCATION. THIS TEAM INCLUDES GERIATRICIANS/PHYSICIANS, GERIATRIC NURSE PRACTITIONERS, REHABILITATION SPECIALISTS, SOCIAL WORKERS, AND CERTIFIED NURSE ASSISTANTS, WORKING TOGETHER TO ENSURE AN INDIVIDUAL'S CARE PLAN IS COMPREHENSIVE AND SEAMLESS. AT NEWBRIDGE ON THE CHARLES (NBOC), IT'S ALL ABOUT BUILDING A LIFESTYLE THAT BEST SUITS YOUR PREFERENCES AND NEEDS. FOR EXAMPLE, IF ONE SPOUSE REQUIRES ASSISTANCE WITH DAILY LIVING WHILE THE OTHER IS INDEPENDENT, OR, IF BOTH WANT TO LIVE INDEPENDENTLY BUT NEED SPECIALIZED CARE OR SUPPORT, NBOC OFFERS HOME HEALTH CARE SERVICES AND SPECIALTY OUTPATIENT CLINICS. RESIDENTS ALSO HAVE OPTIONS WHEN IT COMES TO RECUPERATIVE SERVICES IN SHORT OR LONGTERM CARE. WE OFFER RESIDENTS PRIORITY AND FLEXIBILITY IN HELPING THEM MAKE DECISIONS WHEN THEY ARE FACED WITH MEDICAL CARE ISSUES. NBOC IS A COMMUNITY DESIGNED FOR INDEPENDENT LIVING, OFFERING FLEXIBILITY TO RESIDENTS WHO ENJOY SCHEDULING THEIR OWN DAILY ACTIVITIES WHILE KNOWING THEY CAN BE SPONTANEOUS AT ANY GIVEN MOMENT. WE CONTINUALLY OFFER NEW PROGRAMS, WORKSHOPS, AND EVENTS AS PART OF OUR COMMITMENT TO LIFELONG LEARNING. OUR PHILOSOPHY OF LIFE-LONG LEARNING GOES HAND IN HAND WITH OUR APPROACH OF PROVIDING A CONTINUUM OF WELLNESS, ADDRESSING THE "WHOLE PERSON, AND INTEGRATING THE PHYSICAL, EMOTIONAL, AND SPIRITUAL DIMENSIONS OF AGING. THE COTTAGE COMMUNITY AT NBOC IS DESIGNED FOR OLDER ADULTS WHO VALUE AN ACTIVE, INDEPENDENT LIFESTYLE. LIFE IN THE COTTAGES OFFERS A COMBINATION OF PRIVATE HOME LIVING AND CLOSE PROXIMITY TO NBOC'S SELECTION OF PROGRAMS, AMENITIES, AND ACTIVITIES. COTTAGE RESIDENTS CAN SELECT FROM THREE HOME MODELS, EACH OFFERING DIFFERENT FINISHES AND FLOOR PLAN CHOICES. HOMES RANGE FROM 1,475 TO 2,700 SQUARE FEET. SOME INCLUDE A LOWER LEVEL, A LOFT, OR BOTH INCREASING THE LIVING SPACE UP TO 3,200 SQUARE FEET. HOMES ALSO FEATURE A PRIVATE ONE OR TWO-CAR GARAGE. SITUATED IN A QUIET, PRIVATE SETTING, THE VILLAS AT NBOC ARE CONVENIENTLY ACCESSIBLE TO THE COMMUNITY CENTER BY AN UNDERGROUND WALKWAY OR THROUGH THE COURTYARD GARDEN. THE SPACIOUS INTERIORS OFFER HIGH CEILINGS, EXCEPTIONAL AMENITIES, LARGE WINDOWS, AND UNDERGROUND PARKING. THE TWO-BEDROOM VILLAS, WHICH ARE MORE INTIMATE VERSIONS OF OUR APARTMENTS, RANGE IN SIZE FROM 1,589 TO 1,800 SQUARE FEET. EACH VILLA IS A CORNER RESIDENCE TO ALLOW FOR PLENTY OF LIGHT, WITH EACH HOME SERVED BY AN ELEVATOR LOCATED IN A LOBBY IN THE CENTER OF THE BUILDING. FOR OPTIMAL CONVENIENCE, THE NBOC APARTMENTS ARE LOCATED WITHIN THE CARL J. AND RUTH SHAPIRO COMMUNITY CENTER AND TWO ADJACENT BUILDINGS. THESE HOMES OFFER COZY AND INNOVATIVE FLOOR PLANS RANGING IN SIZE FROM NEARLY 1,000 TO JUST OVER 2,000 SQUARE FEET. THEY FEATURE GOURMET KITCHENS, NINE-FOOT CEILINGS, AND EXPANSIVE WINDOWS PROVIDING EXCEPTIONAL VIEWS OF THE MEADOWS, GARDENS AND COURTYARDS. ALL APARTMENTS HAVE ACCESS TO UNDERGROUND PARKING SPACES, AND SPACIOUS STORAGE LOCKERS. WHILE OTHER FEATURES INCLUDE SCREENEDIN PORCHES, FIREPLACES, AND A GREAT ROOM.

Program 2
Expenses: $14,157,145 Revenue: $14,281,921

RECUPERATIVE SERVICES UNIT/SNF HRC AT NBOC, LOCATED IN THE GLORIA ADELSON FIELD HEALTH CENTER, IS A PIONEERING STATE-OF-THE ART GERIATRIC HEALTH CARE CENTER THAT OFFERS COMPREHENSIVE SHORT-TERM...

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RECUPERATIVE SERVICES UNIT/SNF HRC AT NBOC, LOCATED IN THE GLORIA ADELSON FIELD HEALTH CENTER, IS A PIONEERING STATE-OF-THE ART GERIATRIC HEALTH CARE CENTER THAT OFFERS COMPREHENSIVE SHORT-TERM REHABILITATIVE SERVICES, LONG-TERM CARE, AND A MEMORY CARE UNIT. BUILDING ON HEWBREW SENIORLIFE'S HOLISTIC APPROACH TO CARE, HRC SERVES AS GROUND-BREAKING MODEL IN CREATING AN OPTIMAL LIVING ENVIRONMENT AND PROVIDING THE TYPES OF SERVICES AND PROGRAMS THAT SENIORS BEST RESPOND TO PHYSICALLY AND EMOTIONALLY WHEN IN SHORT OR LONG-TERM CARE. THE PRIVATE ROOMS AND COMMON LIVING SPACES RESEMBLE ALL THE CHARM AND COZINESS OF HOME, PROVIDING PLENTY OF NATURAL LIGHT, WARMTH, AND COMFORT. WE OFFER THE COMMUNITY ACCESS TO AN OUTSTANDING ARRAY OF REHABILITATION OPTIONS THROUGH OUR RECUPERATIVE SERVICES UNIT (RSU), WHICH IS A SKILLED NURSING UNIT. ON THE NBOC CAMPUS THERE ARE 48 BEDS FOR SHORT-TERM REHABILITATION CARE. PHYSICIANS REPRESENTING DOZENS OF MEDICAL SPECIALTIES, AS WELL AS NURSES, AND THERAPISTS, ARE AVAILABLE FOR CONSULTATION TO ENSURE THAT EVERY PATIENT NEED IS ADDRESSED. OUR INTAKE COORDINATOR AND CASE MANAGERS WILL SCREEN THE PATIENT AND EITHER ACCEPT OR DENY ADMISSION. IF THE REFERRAL IS ACCEPTED, WE WILL ARRANGE A TRANSFER TIME WITH THE APPROPRIATE CASE MANAGER AT THE HOSPITAL. OUR INTAKE COORDINATOR AND CASE MANAGERS WILL SCREEN THE PATIENT AND EITHER ACCEPT OR DENY ADMISSION. IF THE REFERRAL IS ACCEPTED, WE WILL ARRANGE A TRANSFER TIME WITH THE APPROPRIATE CASE MANAGER AT THE HOSPITAL.

Program 3
Expenses: $13,049,118 Revenue: $13,164,128

ASSISTED LIVING THE TRADITIONAL ASSISTED LIVING PROGRAM AT NBOC IS A KEY COMPONENT OF OUR CONTINUING CARE RETIREMENT COMMUNITY (CCRC) PROVIDING THE OPPORTUNITY FOR THOSE WHO WISH TO LIVE IN A...

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ASSISTED LIVING THE TRADITIONAL ASSISTED LIVING PROGRAM AT NBOC IS A KEY COMPONENT OF OUR CONTINUING CARE RETIREMENT COMMUNITY (CCRC) PROVIDING THE OPPORTUNITY FOR THOSE WHO WISH TO LIVE IN A SUPPORTIVE COMMUNITY OR FOR CURRENT INDEPENDENT LIVING RESIDENTS TO CONTINUE RESIDING ON OUR CAMPUS. IN 51 TRADITIONAL ASSISTED LIVING APARTMENTS, NBOC FOSTERS A DEEP SENSE OF COMMUNITY AND HOME AWAY FROM HOME IN A COMPASSIONATE ENVIRONMENT FOR SENIORS. AT THE CORE OF THIS AREA IS A FULL SERVICE DINING ROOM AND LIBRARY AS WELL AS ACTIVITY AND MEETING ROOMS. IN ADDITION TO PROVIDING PERSONALIZED SUPPORTIVE SERVICES IN A WARM AND INVITING SETTING, OUR TRADITIONAL ASSISTED LIVING PROGRAM REFLECTS THE MANY SERVICES, PROGRAMS, AND AMENITIES UNIQUE TO NBOC. FOR EXAMPLE, RESIDENTS HAVE PLENTY OF OPPORTUNITIES TO ENJOY A WIDE RANGE OF LIFELONG LEARNING ACTIVITIES, MUSIC AND ART PRESENTATIONS, WELLNESS PROGRAMS AND MULTIGENERATIONAL ACTIVITIES WITH STUDENTS FROM THE NEIGHBORING RASHI SCHOOL. THE NBOC MEMORY SUPPORT ASSISTED LIVING PROGRAM IS A NATIONALLY RENOWNED MODEL OF COMPREHENSIVE CARE DESIGNED TO ENHANCE COGNITIVE AND PHYSICAL ABILITIES IN A SAFE ENVIRONMENT. AS A KEY COMPONENT OF THE ASSISTED LIVING PROGRAM, THERE ARE 41 APARTMENTS ON THE NBOC CAMPUS FOR THOSE WITH DEMENTIA-RELATED CONDITIONS. WE OFFER AN INDIVIDUALIZED CARE PLAN FOR EACH RESIDENT, FOCUSING ON THERAPIES AND APPROACHES THAT ARE SPECIFIC TO EACH INDIVIDUAL'S STRENGTHS AND NEEDS THROUGHOUT DAILY ACTIVITIES. ONE OF THE MANY BENEFITS WE OFFER IS THE CONVENIENCE OF NOT HAVING TO TRAVEL FOR MEDICAL APPOINTMENTS. RESIDENTS MAY CHOOSE TO JOIN OUR ONSITE PRIMARY CARE PRACTICE, LOCATED IN THE HEALTH CARE CENTER. OUR HARVARD MEDICAL SCHOOL-AFFILIATED GERIATRICIANS PROVIDE CONTINUOUS, COORDINATED, AND SEAMLESS CARE. WE FOCUS ON ENCOURAGEMENT, DIGNITY, AND CREATING FEELINGS OF SUCCESS. AMONG OUR MANY BENEFITS, WE OFFER: - INDIVIDUALIZED SERVICE PLANS - PRIVATE STUDIO APARTMENTS WITH INDIVIDUAL BATHS - THREE NUTRITIOUS "HEALTHY MIND" MEALS AND SNACKS - RESIDENTSECURE ENTRY AND EXIT - ENCLOSED COURTYARD AND GARDENS - REGULARLY SCHEDULED ENRICHMENT AND FITNESS PROGRAMS - 24-HOUR PROFESSIONAL RESIDENT CARE STAFF - ON-SITE NURSING STAFF INCONTINENCE CARE, AND - MEDICATION MANAGEMENT.

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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 $54,516,828
Investment Income $6,499,150
Other Revenue $369,713
TOTAL REVENUE $61,385,691

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,471,307
Fundraising Expenses $0
Program Expenses $54,040,536
Other Expenses $41,114,154
TOTAL EXPENSES $66,585,461

Year-over-Year Comparison

2023 2022 Change
Revenue $61,385,691 $51,446,450 +0.2%
Expenses $66,585,461 $65,842,262 +0.0%
Net Income $-5,199,770 $-14,395,812 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
2
Employees
470
Volunteers
70

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
6
$2,569,781
Total Directors
6
$2,569,781
Key Employees
12
$4,808,856
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES D HART SECRETARY & CHIEF FIN. OFFICER 4.0
Officer Director
$0 $82,599 $580,366
LOUIS J WOOLF PRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO CURRENT) 4.0
Officer Director
$0 $84,903 $1,111,402
MARSHA COHEN TREASURER 0.1
Officer Director
$0 $0 $0
MELISSA BAYER TEARNEY BOARD CHAIR (THRU 9/30/23) 0.1
Officer Director
$0 $0 $0
RICHARD J HENKEN CHAIR ELECT (EFFECTIVE 10/1/23) 0.1
Officer Director
$0 $0 $0
STEVEN LANDERS PRESIDENT AND CEO (7/2023 - 5/2024) 4.0
Officer Director
$0 $39,841 $878,013
ERIC ROGERS CHIEF INFORMATION OFFICER 4.0
Key Emp
$0 $87,189 $438,323
KATELYN QUYNN CHIEF DEV OFF & VP BOARD REL 4.0
Key Emp
$0 $59,137 $439,718
KATHYRN W TASKER CHIEF SPONSORED AWARDS OFFICER 1.0
Key Emp
$0 $84,279 $362,109
KIMBERLY J BROOKS CHIEF OP. OFFICER, SEN LIVING 5.0
Key Emp
$0 $71,184 $446,384
LEWIS LIPSITZ MD DIR, HMIFAR & CHIEF ACAD. OFF 1.0
Key Emp
$0 $93,718 $509,310
LINDA THOMPSON CHIEF PEOPLE OFFICER 4.0
Key Emp
$0 $77,367 $432,449
MANDEL I ERNEST MD CHIEF MEDICAL OFFICER 2.0
Key Emp
$0 $63,347 $437,179
MATTHEW W HOLLINGSHEAD EXECUTIVE DIRECTOR, NBOC 45.0
Key Emp
$237,808 $76,920 $314,728
RACHEL LERNER ESQUIRE GEN. CNSL. & CHIEF COMP. OFF 4.0
Key Emp
$0 $74,001 $465,082
RHONDA D GLYMAN EXECUTIVE DIRECTOR, ASSISTED LIVING NBOC 45.0
Key Emp
$204,243 $1,263 $205,506
SARAH L SYKORA CHIEF COMM. & PLAN OFFICER 4.0
Key Emp
$0 $71,659 $381,463
TAMMY B RETALIC MS RN CHIEF NURSING OFF. & VP PCS 4.0
Key Emp
$0 $80,270 $376,605
FERNANDO A RODRIGUES DIRECTOR OF FACILITIES 45.0
Highest
$135,395 $64,423 $199,818
GARY JAMES TSACOYIANIS CHIEF FACILITIES ENGINEER 45.0
Highest
$114,164 $11,640 $125,804
JOHN BERNARDO SECURITY SYSTEMS TECHNICIAN 45.0
Highest
$112,564 $10,939 $123,503
JOSHUA L FERRARO DIRECTOR OF FOOD AND BEVERAGE 45.0
Highest
$103,238 $43,312 $146,550
VICTOR M FURTADO DIRECTOR OF COMMUNITY SECURITY INITIATIVES 45.0
Highest
$120,209 $61,391 $181,600
MARY MOSCATO FACHE PRESIDENT, HSL HC SVCS. & HRC 1.0
$0 $47,510 $765,256
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 $61,385,691 $66,585,461 $257,198,323 $-5,199,770
2023 $51,446,450 $65,842,262 $267,363,549 $-14,395,812
2022 $55,740,429 $69,259,651 $273,146,187 $-13,519,222
2021 $54,466,975 $65,891,975 $302,355,064 $-11,425,000
2020 $52,619,860 $64,738,919 $305,900,070 $-12,119,059
2019 $52,931,856 $62,480,567 $316,235,240 $-9,548,711
2018 $52,427,579 $62,297,142 $325,952,734 $-9,869,563
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