Overview
What is The Riverwoods Company At Exeter New Hampshire?
The Riverwoods Company at Exeter New Hampshire (RWE) is a charitable not-for-profit organization that operates a Continuing Care Retirement Community (CCRC) in Exeter, New Hampshire. With approximately 600 residents, the community offers housing, healthcare services, food services, security, and ancillary services to older adults over the age of 62. RWE's mission is to create a vibrant and engaging community for seniors, while also committing to its local neighborhood. In 1983, it was founded by a group of Seacoast area residents, and since then, it has grown to provide essential services to residents, as well as offer resources and volunteer opportunities for the local community. RWE's Benevolence Fund helps residents who have outlived their assets or experienced financial hardships. In 2023, the organization provided financial assistance to three residents totaling $140,255. RWE encourages volunteerism and knowledge sharing, hosting students, internships, and industry events. Additionally, it supports the local community through volunteering, donations, and scholarships. Over the years, RWE has maintained a commitment to innovation and staying informed on industry trends, while also prioritizing education and the welfare of older adults.
Official website here: www.riverwoodsrc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Riverwoods Company has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization's score is entirely based on its accountability and finance metrics, where it achieved a commendable 81%. Key strengths include a completely independent board and a robust financial oversight structure, ensuring transparency and good governance.
User feedback also highlights the organization's positive attributes, with clients praising its management and service quality. A review from a client who signed a lifecare contract emphasizes Riverwoods' excellent track record and strong financial health since its opening in 1994. This suggests that the organization not only meets financial standards but also provides a high level of satisfaction to its residents.
While the rating and reviews are largely positive, it’s important to consider that individual experiences may vary. Prospective clients are encouraged to conduct thorough research and consider their personal needs when evaluating long-term care options. Overall, The Riverwoods Company appears to be a reputable choice for those seeking a continuing care retirement community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Riverwoods Company At Exeter New Hampshire legitimate?
The Riverwoods Company At Exeter New Hampshire is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Riverwoods Company At Exeter New Hampshire submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $218,339
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,747,021
For more financial information, click here
Official website here: www.riverwoodsrc.org
What is the mission statement of The Riverwoods Company At Exeter New Hampshire?
The Riverwoods Company in New Hampshire is dedicated to establishing and maintaining charitable continuing care retirement communities. Their mission is to provide elderly persons with housing, healthcare services, food services, security, and other ancillary services. These communities, which housed approximately 610 residents in FY23, offer a benevolence fund to help those in financial need. In 1983, the not-for-profit organization was founded by local residents with a commitment to both elderly care and community involvement. The company and its residents regularly volunteer and provide financial support to local organizations and initiatives. Additionally, they share their knowledge with students and interns, offering internships and educational programs. The organization's leaders actively participate in industry events and publications, and in 2021, launched the Senior Authority podcast to provide valuable information on aging.
Official website here: www.riverwoodsrc.org
Who is the CEO of The Riverwoods Company At Exeter New Hampshire?
Julie Clark is the Executive Director of The Riverwoods Company At Exeter New Hampshire. The CEO's salary of The Riverwoods Company At Exeter New Hampshire is $0 and their total compensation is $507,147.
Official website here: www.riverwoodsrc.org
What is the revenue of The Riverwoods Company At Exeter New Hampshire?
The Riverwoods Company At Exeter New Hampshire's revenue in 2023 was $45,582,706.
Official website here: www.riverwoodsrc.org
Who are the executives of The Riverwoods Company At Exeter New Hampshire and what are their salaries?
The average compensation at The Riverwoods Company At Exeter New Hampshire during 2023 was $30,194. There are 595 employees and 241 volunteers at The Riverwoods Company At Exeter New Hampshire.
Here are 29 key members and their salaries (The Riverwoods Company At Exeter New Hampshire's CEO's salary is $0 and their total compensation is $507,147):
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- Other: $39,388
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- Compensation: $266,536
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- Related: $192,494
- Other: $12,464
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- Compensation: $172,835
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- Other: $3,833
- Compensation: $158,270
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- Compensation: $150,092
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- Other: $3,087
- Compensation: $137,582
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- Other: $4,071
- Compensation: $119,522
- Related: $0
- Other: $4,082
Official website here: www.riverwoodsrc.org
Where can I find the form 990 for The Riverwoods Company At Exeter New Hampshire?
The Riverwoods Company At Exeter New Hampshire's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.riverwoodsrc.org
Learn more at the official website: www.riverwoodsrc.org
Mission Statement of The Riverwoods Company At Exeter New Hampshire
The Riverwoods Company at Exeter New Hampshire, a charitable organization, is dedicated to establishing, owning, and maintaining continuing care retirement communities (CCRCs) for the elderly. These communities offer more than just housing for older adults; they provide essential services such as healthcare, food, security, and ancillary care. With approximately 610 residents in total, the community houses both independent apartment dwellers and those requiring permanent, temporary, or per diem healthcare in healthcare centers. The Riverwoods Benevolence Fund, a vital aspect of the organization, assists residents who have outlived their assets or cannot meet their financial commitments.
The Riverwoods Company was founded in 1983 by a group of Seacoast area residents with a mission to create an active and engaging CCRC. The organization's commitment to the local community extends beyond its residents, as it seeks to be a responsible neighbor by volunteering time, knowledge, and resources to support the broader community. In FY23, residents and staff volunteered extensively, giving back through local not-for-profit boards, community hours, toy and food drives, and knitted items donations. Employees are encouraged to volunteer during work hours for special projects, and the organization shares its knowledge and experience with students, offering internships in various fields.
The Riverwoods Company's leaders are dedicated to staying at the forefront of industry trends and sharing their expertise with others. They attend seminars, participate in study groups, present on national and international panels, and draft articles for leading publications. The organization's podcast, Senior Authority, further extends its reach by answering questions on aging and featuring interviews with leading scientists, researchers, practitioners, and authors. With a focus on education, residents have established scholarship funds for staff and their families, distributing 170 scholarships worth over $424,000 to date. The organization also supports employees in times of financial need through the C.A.R.E. Fund. It's not just about providing for their own residents; The Riverwoods Company strives to improve the lives of all older adults, sharing knowledge with others and innovating within the senior living industry.
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Impact
October, 2024
The Riverwoods Company in Exeter, New Hampshire, significantly enhances the quality of life for older adults through its comprehensive continuing care retirement community (CCRC) model. With approximately 495 residents in independent apartments and 115 in dedicated healthcare centers, Riverwoods provides a variety of essential services, including housing, healthcare, nutritional offerings, security, and additional support tailored to seniors' needs.
An important aspect of Riverwoods' impact is its commitment to affordability and sustainability. The organization's benevolence fund offers vital financial assistance to residents who face unforeseen financial challenges, ensuring that they can remain in the community without burdening external senior assistance programs. In 2023 alone, this fund assisted three residents with $140,255 in support.
Riverwoods also prioritizes community engagement, encouraging both staff and residents to volunteer locally. Their efforts have included board participation in local nonprofits, physical donations for drives, and creating handmade items for charitable causes. Educational initiatives are a cornerstone of their mission, with ongoing collaborations with local students and schools, providing internships, and organizing seminars that benefit both residents and future generations.
Furthermore, Riverwoods innovatively shares its knowledge through the "Senior Authority" podcast, which has gained significant traction with over 52,000 downloads. This platform not only addresses aging-related questions but also fosters community connections and spreads expertise across the nation.
The organization takes pride in its role as a community partner, financially supporting local events and educational efforts while maintaining beautiful accessible spaces like walking trails and an accredited arboretum, which are enjoyed by both residents and the broader Exeter community.
Riverwoods' holistic approach addresses both immediate and long-term needs of seniors, local community engagement, and educational outreach, thus reinforcing its profound impact in Exeter and beyond.
This information is meant to be a general summary of The Riverwoods Company At Exeter New Hampshire. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,320,782
- Program Service Revenue: $40,868,641
- Gross Receipts: $92,133,684
Assets and Liabilities:
- Total Assets: $195,729,835
- Total Liabilities: $280,417,283
- Net Assets: -$84,687,448
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE FEES
Revenue
$29,891,173
HEALTH CENTER FEES
Revenue
$7,705,672
EARNED ENTRANCE FEES
Revenue
$3,271,796
Organization Details
Founding Year
1983
Phone
(603) 658-1786Principal Officer
Julie Clark
Main Address
5 WHITE OAK DRIVE, EXETER, NH, 03833
Website
www.riverwoodsrc.orgNTEE Category
Code: P750 - Human services
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