Berkshire Retirement Community Inc in Pittsfield, Massachusetts (MA)

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Berkshire Retirement Community Inc
Employer Identification Number (EIN)222579838
Name of OrganizationBerkshire Retirement Community Inc
AddressPO BOX 2489, Pittsfield, MA 01202-2489
ActivitiesHousing for the aged (see also 153), Care and housing for the aged (see also 382), Low and moderate income housing
SubsectionCharitable Organization
Ruling Date04/1985
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$50,029,298
Amount of Income$13,587,592
Form 990 Revenue Amount$13,587,592
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Senior Continuing Care Communities


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Amount of income in 2011: $13,587,592
This organization: 

 $13,587,592
Other organizations performing similar types of work: 

 $14,217,540

Assets in 2011: $50,029,298
This organization: 

 $50,029,298
Other organizations performing similar types of work: 

 $26,832,796

Expenses in 2002: $9,230,844
This organization: 

 $9,230,844
Other organizations performing similar types of work: 

 $12,274,917

Income to expenses ratio in 2002: 1.0
Berkshire Retirement Community Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2002: 94.4%
This organization: 

 94.4%
Other organizations performing similar types of work: 

 86.2%

Number of employees in 2002: 163
This organization: 

 163
Other organizations performing similar types of work: 

 216

Employees paid over $50,000 in 2002: 2.5%
This organization: 

 2.5%
Other organizations performing similar types of work: 

 5.2%

Grants share in income in 2002: 0.0%
Berkshire Retirement Community Inc: 

 0.0%
Other organizations performing similar types of work: 

 0.9%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$8,956,113$10,327,301$9,520,573
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$7,840,615$9,322,190$8,447,515
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$0$0$0
Dividends and interest from securities$772,170$621,118$458,653
Net rental income or (loss)$22,135$23,100$24,448
Gross rents$22,135$23,100$24,448
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$321,193$360,893$589,957
Total expenses$8,614,064$9,985,633$9,230,844
Program services$8,008,236$9,243,365$8,709,670
Management and general$605,828$742,268$521,174
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$-6,517,479$-7,250,731$-6,961,002
Excess or (deficit) for the year$342,049$341,668$289,729
Net assets or fund balances at beginning of year$-6,859,528$-6,517,479$-7,250,731
Other changes in net assets or fund balances$0$-1,074,920$0
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$9,230,844$8,709,670$521,174$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$2,366,283$2,165,240$201,043$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$687,425$629,020$58,405$0
Payroll taxes$199,689$182,723$16,966$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$5,725$5,725$0$0
Supplies$2,245,391$2,245,391$0$0
Telephone$0$0$0$0
Postage and shipping$11,063$11,063$0$0
Occupancy$263,854$263,297$557$0
Equipment rental and maintenance$11,651$11,651$0$0
Printing and publications$13,916$13,916$0$0
Travel$1,208$1,208$0$0
Conferences, conventions, and meetings$6,529$6,529$0$0
Interest$1,770,279$1,764,968$5,311$0
Depreciation, depletion, etc.$1,404,151$1,399,939$4,212$0
Other expenses not covered above$243,680$9,000$234,680$0
Balance Sheets
200020012002
Total assets$42,729,501$49,882,199$51,550,572
Cash - non-interest-bearing$221,734$156,644$0
Savings and temporary cash investments$6,671,035$7,415,655$9,611,024
Accounts receivable less allowance for doubtful accounts$327,010$115,413$0
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$62,393$60,774$61,073
Prepaid expenses and deferred charges$1,524,316$1,493,737$1,531,089
Investments - publicly-traded securities
Investments - other securities$9,871,254$12,502,715$10,816,279
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$23,988,872$27,936,189$20,996,823
Other assets, including program-related investments$62,887$201,072$8,534,284
Total liabilities$49,246,980$57,132,930$58,511,574
Accounts payable and accrued expenses$2,325,668$2,892,327$1,682,472
Grants payable$0$0$0
Deferred revenue$1,399,057$1,013,109$1,192,705
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$26,190,000$33,080,000$32,360,000
Mortgages and other notes payable$0$32,489$24,520
Other liabilities$19,332,255$20,115,005$23,251,877
Total liabilities and net assets/fund balances$42,729,501$49,882,199$51,550,572
Total net assets or fund balances$-6,517,479$-7,250,731$-6,961,002
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$0$10,327,301$9,520,573
Total revenue, gains, and other support per audited financial statements$0$10,327,300$9,520,573
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$1$0
Investment expenses$0$0$0
Other$0$1$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$0$9,985,633$9,230,844
Total expenses and losses per audited financial statements$0$9,985,633$9,230,844
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006163
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,073,058$8,447,515
Program service revenue
Program service revenue 1000000$000$0$8,447,515
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$458,653$0
Net rental income or (loss) from real estate
debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$24,448$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$589,957$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$69,357$0$0
$60,587$0$0
$54,460$0$0
$53,037$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$13,587,592
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$12,416,045
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$505,766
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$665,781
Statement of Functional Expenses (for 2011)
Total functional expenses$12,554,826
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$3,866,604
Payroll taxes$282,734
Professional fundraising services$0
Other$8,405,488
Balance Sheet (for 2011)
Total assets$50,029,298
Total liabilities$49,495,909
Tax-exempt bond liabilities$22,590,000
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$26,905,909
Total net assets or fund balances$533,389
Retained earnings, endowment, accumulated income, or other funds$533,389
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$62,000,285
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$54,615,965
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$3,759,097
Other$3,625,223
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Evangelical Lutheran Good Samaritan SocietyPO BOX 5038, Sioux Falls, SD 57117-5038SD1955-05$1,360,329,074
2Acts Retirement-Life Communities IncPO BOX 90, West Point, PA 19486-0090PA1972-06$355,038,914
3Lifespace Communities Inc, Village On The Green100 E Grand Ave Ste 200, Des Moines, IA 50309-1835IA1977-10$262,293,304
4Moorings Incorporated120 Moorings Park Dr, Naples, FL 34105-2122FL1978-10$232,847,309
5Springpoint Senior Living Inc, Group Return13 Roszel Road, Princeton, NJ 08540-6211NJ1997-01$221,530,164
6North Hill Needham Inc865 Central Avenue, Needham, MA 02492-1316MA1983-02$43,976,167
7Carleton Willard Homes Inc100 Old Billerica Rd, Bedford, MA 01730-1267MA1928-03$35,520,228
8Home For Aged Women Inc, Goddard House201 S Huntington Ave, Boston, MA 02130-4888MA1941-07$31,483,554
9Symmes Life Care Inc, Brookhaven At Lexington1010 Waltham St Ste 600, Lexington, MA 02421-8052MA1987-01$26,146,400
10Edgewood Retirement Community Inc575 Osg00d St, North Andover, MA 01845MA1994-04$21,021,893
11Salem Community Corp65 Briarwood Circle, Worcester, MA 01606-1255MA1985-08$17,896,954
12Northern Berkshire Community Services Inc71 Hospital Ave, North Adams, MA 01247-2504MA1986-11$16,450,870
13Berkshire Retirement Community IncPO BOX 2489, Pittsfield, MA 01202-2489MA1985-04$13,587,592
14Loomis Housing Corporation246 N Main St, South Hadley, MA 01075-1799MA1988-02$10,831,707
15Western Massachusetts Lifecare Corporation807 Wilbraham Rd, Springfield, MA 01109-2067MA1993-01$10,157,515
16Elizabeth Carleton HouseBedford, MA 01730MA$6,196,083
17Jgs Housing Services Inc770 Converse St, Longmeadow, MA 01106-1786MA1997-05$3,828,140
18Daggett-Crandall-Newcomb Home Inc55 Newland St, Norton, MA 02766-1902MA1968-09$1,226,703
19Christopher House Assisted Living Inc303 Congress St Ste 502, Boston, MA 02210-1012MA1996-07$304,703
20Neville Communities Inc650 Concord Avenue, Cambridge, MA 02138-1129MA1998-06$282,920
Number of organizations performing similar types of work
Alaska2
Alabama3
Arkansas5
Arizona12
California51
Colorado13
Connecticut21
District of Columbia6
Delaware3
Florida45
Georgia13
Hawaii2
Iowa22
Illinois57
Indiana25
Kansas14
Kentucky9
Louisiana8
Massachusetts16
Maryland26
Maine4
Michigan18
Minnesota39
Missouri22
Montana2
North Carolina23
North Dakota2
Nebraska4
New Hampshire5
New Jersey25
New Mexico1
New York46
Ohio46
Oklahoma4
Oregon12
Pennsylvania94
Rhode Island5
South Carolina8
South Dakota8
Tennessee14
Texas22
Utah2
Virginia23
Vermont1
Washington19
Wisconsin27
West Virginia4
Wyoming1
International2
Total836

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