Glenmeadow Inc in Longmeadow, Massachusetts (MA)

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Glenmeadow Inc
Employer Identification Number (EIN)042105937
Name of OrganizationGlenmeadow Inc
Address24 Tabor Crossing, Longmeadow, MA 01106-1779
ActivitiesHousing for the aged (see also 153)
SubsectionCharitable Organization
Ruling Date01/1935
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 Period09/2012
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$38,527,574
Amount of Income$10,019,220
Form 990 Revenue Amount$9,281,243
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Senior Citizens' Housing/Retirement Communities


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Amount of income in 2012: $10,019,220
This organization: 

 $10,019,220
Other organizations performing similar types of work: 

 $283,054

Assets in 2012: $38,527,574
Glenmeadow Inc: 

 $38,527,574
Other organizations performing similar types of work: 

 $2,059,450

Expenses in 2002: $5,752,695
This organization: 

 $5,752,695
Other organizations performing similar types of work: 

 $2,054,369

Income to expenses ratio in 2002: 1.0
Glenmeadow Inc: 

 1.0
Other organizations performing similar types of work: 

 0.9

Expenses allocated to program services in 2002: 86.6%
Glenmeadow Inc: 

 86.6%
Other organizations performing similar types of work: 

 88.6%

Number of employees in 2002: 96
This organization: 

 96
Other organizations performing similar types of work: 

 59

Employees paid over $50,000 in 2002: 3.1%
Glenmeadow Inc: 

 3.1%
Other organizations performing similar types of work: 

 3.7%

Grants share in income in 2002: 1.8%
Glenmeadow Inc: 

 1.8%
Other organizations performing similar types of work: 

 0.2%

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
2002
Total revenue$5,622,719
Contributions, gifts, grants, and similar amounts received$98,559
Contributions to donor advised funds
Direct public support$98,559
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$4,972,921
Membership dues and assessments$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$472,989
Net rental income or (loss)$3,700
Gross rents$3,700
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$26,387
Gross amount from sales of assets other than inventory$30,985
Less: cost or other basis and sales expenses$4,598
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$48,163
Total expenses$5,752,695
Program services$4,979,534
Management and general$773,161
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$3,933,605
Excess or (deficit) for the year$-129,976
Net assets or fund balances at beginning of year$2,467,127
Other changes in net assets or fund balances$1,596,454
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,752,695$4,979,534$773,161$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.$125,427$125,427$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$1,900,174$1,565,373$334,801$0
Pension plan contributions not included above$66,837$55,174$11,663$0
Employee benefits not included above$0$0$0$0
Payroll taxes$188,462$134,500$53,962$0
Professional fundraising fees$0$0$0$0
Accounting fees$11,600$0$11,600$0
Legal fees$12,989$0$12,989$0
Supplies$25,825$15,808$10,017$0
Telephone$12,005$2,320$9,685$0
Postage and shipping$0$0$0$0
Occupancy$568,417$568,417$0$0
Equipment rental and maintenance$187,358$170,342$17,016$0
Printing and publications$10,355$325$10,030$0
Travel$7,195$5,728$1,467$0
Conferences, conventions, and meetings$0$0$0$0
Interest$889,044$881,615$7,429$0
Depreciation, depletion, etc.$740,809$740,809$0$0
Other expenses not covered above$1,006,198$713,696$292,502$0
Balance Sheets
2002
Total assets$43,445,519
Cash - non-interest-bearing$400,726
Savings and temporary cash investments$1,562,692
Accounts receivable less allowance for doubtful accounts$57,595
Pledges receivable less allowance for doubtful accounts$3,000
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$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
Inventories for sale or use$0
Prepaid expenses and deferred charges$1,005,027
Investments - publicly-traded securities
Investments - other securities$15,626,796
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$10,000
Land, buildings, and equipment less accumulated depreciation$23,064,761
Other assets, including program-related investments$1,714,922
Total liabilities$39,511,914
Accounts payable and accrued expenses$316,219
Grants payable$138,203
Deferred revenue$1,871,396
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$15,307,213
Other liabilities$21,878,883
Total liabilities and net assets/fund balances$43,445,519
Total net assets or fund balances$3,933,605
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2002
Total revenue$5,622,719
Total revenue, gains, and other support per audited financial statements$7,179,480
Other expenses$1,556,761
Net unrealized gains on investments$1,556,761
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2002
Total expenses$5,752,695
Total expenses and losses per audited financial statements$5,713,002
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$39,693
Investment expenses$0
Other$39,693
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?No
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, 200696
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$551,239$4,972,921
Program service revenue
Program service revenue 1000000$000$0$4,480,836
Program service revenue 2000000$000$0$492,085
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)$472,989$0
Net rental income or (loss) from real estate
debt-financed property000000$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))$3,700$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$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$26,387$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))$48,163$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
$70,846$8,799$0
$61,218$6,153$0
$52,714$6,437$0
$0$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 isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
2001
Total$5,145,832
Gifts, grants, and contributions received$119,984
Membership fees received$45,317
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$4,460,358
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$520,173
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$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
Other income$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?Yes
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$8,791,116
Contributions, Gifts, Grants and Other Similar Amounts$98,135
Program Service Revenue$8,139,972
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$402,715
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$5,500
Gross rents (Real / Personal)$5,500 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$5,500 / $0
Net gain from sales of assets other than inventory$6,929
Gross amount from sales of assets other than inventory (Securities / Other)$22,963,538 / $0
Less: cost or other basis and sales expenses (Securities / Other)$22,940,101 / $16,508
Gain or (loss) (Securities / Other)$23,437 / $-16,508
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$137,865
Statement of Functional Expenses (for 2011)
Total functional expenses$8,218,848
Compensation of current officers, directors, trustees, and key employees$241,166
Other salaries and wages$3,530,661
Payroll taxes$311,753
Professional fundraising services$0
Other$4,135,268
Balance Sheet (for 2011)
Total assets$35,878,248
Total liabilities$29,805,883
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$29,805,883
Total net assets or fund balances$6,072,365
Retained earnings, endowment, accumulated income, or other funds$0
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$42,038,026
Gifts, grants, contributions, and membership fees received$737,563
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$36,527,128
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$4,698,339
Other$74,996
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$438,091$0$43,809
Gross receipts or sales less returns and allowances$43,809$0$0
Cost of goods sold$0$0$0
Gross profit$438,091$0$43,809
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$51,766
Compensation of officers, directors, and trustees$0
Salaries and wages$30,335
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$2,200
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$5,190
Excess exempt expenses$0
Excess readership costs$0
Other deductions$14,041
Unrelated business taxable income$-757
Unrelated business taxable income before net operating loss deduction$-7,957
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-7,957
Specific deduction$1,000
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Number of organizations performing similar types of work
Alaska12
Alabama39
Arkansas50
Arizona38
California236
Colorado51
Connecticut26
District of Columbia8
Delaware8
Florida154
Georgia86
Hawaii13
Iowa27
Idaho7
Illinois76
Indiana45
Kansas24
Kentucky27
Louisiana45
Massachusetts77
Maryland64
Maine21
Michigan89
Minnesota105
Missouri47
Mississippi18
Montana9
North Carolina67
North Dakota12
Nebraska22
New Hampshire16
New Jersey61
New Mexico14
Nevada6
New York162
Ohio130
Oklahoma34
Oregon55
Pennsylvania113
Rhode Island26
South Carolina36
South Dakota10
Tennessee77
Texas148
Utah7
Virginia53
Vermont12
Washington49
Wisconsin57
West Virginia12
Wyoming8
International75
Total2,664

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