APPLEWOOD VILLAGE INC

EIN: 933849488 501(c)(3) Human Services

BASKING RIDGE, NJ

Total Revenue
$14,845,636
Total Expenses
$17,575,982
Total Assets
$110,455,245
Net Assets
$20,654,578
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NJ
Principal Officer
BRIAN G LAWRENCE
Phone
9085803800
Tax Period
2024-01-01 to 2024-12-31

APPLEWOOD VILLAGE INC, founded in 2023, is a mid-sized nonprofit in the Human Services sector that reported $14.8M in total revenue in fiscal year 2024. Expenses of $17.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO CREATE INNOVATIVE OPPORTUNITIES TO ENRICH THE LIVES OF OLDER ADULTS

Program Service Accomplishments

Program 1
Expenses: $15,459,074 Revenue: $14,073,224

APPLEWOOD VILLAGE, INC. (APPLEWOOD) IS A TAX-EXEMPT, NONPROFIT CORPORATION, WHICH OPERATES A CONTINUING CARE RETIREMENT COMMUNITY IN FREEHOLD, NEW JERSEY, CONSISTING OF 298 INDEPENDENT LIVING UNITS...

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APPLEWOOD VILLAGE, INC. (APPLEWOOD) IS A TAX-EXEMPT, NONPROFIT CORPORATION, WHICH OPERATES A CONTINUING CARE RETIREMENT COMMUNITY IN FREEHOLD, NEW JERSEY, CONSISTING OF 298 INDEPENDENT LIVING UNITS, 48 ASSISTED LIVING UNITS AND 60 SKILLED NURSING CARE BEDS. WE SERVE SENIORS OF ALL BELIEFS AND BACKGROUNDS WHO WISH TO ENJOY INDEPENDENCE, FELLOWSHIP, COMPASSIONATE CARE AND ACCESS TO A WIDE RANGE OF SERVICES INCLUDING LIFE PLAN COMMUNITY (CONTINUING CARE RETIREMENT COMMUNITY/CCRC), INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, SKILLED NURSING, REHABILITATION, FITNESS, MEDICAL SERVICES, AND CARE MANAGEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,073,224
Investment Income $269,228
Other Revenue $503,184
TOTAL REVENUE $14,845,636

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,357,326
Fundraising Expenses $0
Program Expenses $15,459,074
Other Expenses $10,218,656
TOTAL EXPENSES $17,575,982

Year-over-Year Comparison

2024 2023 Change
Revenue $14,845,636 N/A N/A
Expenses $17,575,982 N/A N/A
Net Income $-2,730,346 N/A N/A
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
11
Employees
289
Volunteers
10

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
5
$835,231
Total Directors
12
$835,231
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STAN MORIN CHAIRMAN 2.00
Officer Director
$0 $0 $0
JEFF ZENNA VICE CHAIR 1.00
Officer Director
$0 $0 $0
RULENE DIFRANCESCO SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT FODERA TREASURER 1.00
Officer Director
$0 $0 $0
RALPH ACQUAVIVA DIRECTOR 1.00
Director
$0 $0 $0
FR DAVID JONES DIRECTOR 1.00
Director
$0 $0 $0
DAVID KOSTINAS DIRECTOR (FROM 05/24) 1.00
Director
$0 $0 $0
BRIAN G LAWRENCE PRESIDENT & CEO 1.00
Officer Director
$0 $61,550 $835,231
THOMAS SCOTT DIRECTOR (FROM 05/24) 1.00
Director
$0 $0 $0
MICHAEL TOSCANO DIRECTOR 1.00
Director
$0 $0 $0
JAMES MATERA DIRECTOR (FROM 05/24) 1.00
Director
$0 $0 $0
PHYLLIS BRUCE DIRECTOR (FROM 07/24) 1.00
Director
$0 $0 $0
GENY RAMADHIN CNA 40.00
Highest
$108,386 $0 $108,386
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 $14,845,636 $17,575,982 $110,455,245 $-2,730,346
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