Holyoke Retirement Community Inc

EIN: 821583686 501(c)(3) Housing & Shelter

Pittsfield, MA

Total Revenue
$12,291,341
Total Expenses
$14,996,275
Total Assets
$9,988,071
Net Assets
$-3,445,630
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MA
Principal Officer
William C Jones Jr
Phone
4134472996
Tax Period
2023-01-01 to 2023-12-31

Holyoke Retirement Community Inc, founded in 2017, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $15.0M exceeded revenue, resulting in a 22% operating deficit.

Mission

Skilled nursing facility and residential units.

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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 $12,112,846
Investment Income $3,246
Other Revenue $175,249
TOTAL REVENUE $12,291,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,666,765
Fundraising Expenses $0
Program Expenses $12,905,648
Other Expenses $7,329,510
TOTAL EXPENSES $14,996,275

Year-over-Year Comparison

2023 2022 Change
Revenue $12,291,341 $13,225,114 -0.1%
Expenses $14,996,275 $14,699,096 +0.0%
Net Income $-2,704,934 $-1,473,982 +0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
240
Volunteers
1

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
2
$802,812
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William C Jones Jr President & CEO 2.68
Officer
$0 $80,787 $802,812
Anne Kuloba RN (blend) 74.00
$236,966 $196 $237,162
Dane Walton Executive Director 39.00
$175,068 $0 $175,068
Immacolata C Barnard CNA (blend) 65.00
$132,216 $0 $132,216
Marcia M Johnson Dir of Nursing 33.00
$120,147 $0 $120,147
Jerome Anderson Director 0.00
Director
$0 $0 $0
John O'Brien Director 0.00
Director
$0 $0 $0
Dr Bruce Auerbach Director 0.00
Director
$0 $0 $0
Joel Feinman PhD Director 0.00
Director
$0 $0 $0
Ruth Blodgett Director 0.00
Director
$0 $0 $0
Richard Herrick Vice Chair 0.00
Director
$0 $0 $0
Jerry Burke Director 0.00
Director
$0 $0 $0
Robin McGraw Director 0.00
Director
$0 $0 $0
Eileen Myers Director 0.00
Director
$0 $0 $0
Carol Riordan Chair 0.00
Director
$0 $0 $0
Mike Christopher Director 0.00
Director
$0 $0 $0
Marcie Gingras Clerk 0.00
Officer
$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 $12,291,341 $14,996,275 $9,988,071 $-2,704,934
2022 $13,225,114 $14,699,096 $10,927,210 $-1,473,982
2021 $13,296,777 $12,595,266 $12,240,165 $701,511
2020 $11,740,570 $11,573,692 $12,003,905 $166,878
2019 $11,220,429 $11,499,353 $11,464,153 $-278,924
2018 $11,122,891 $11,066,143 $11,325,328 $56,748
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