The Riverwoods Company at Exeter New Hampshire
The Riverwoods Company at Exeter New Hampshire
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About this organization
Mission
To establish, own, and maintain charitable continuing care retirement communities for the elderly
About
The Riverwoods Company at Exeter New Hampshshire (RWE) has one primary program service, to establish, own and maintain a continuing care retirement community which provides housing, health care services, food services, security and other ancillary services to elderly persons. On June 30, 2019 the community housed approximately 481 residents in independent apartments and 125 residents in the health care centers. Over the course of the year the health care centers served approximately 205 residents on a permanent, temporary, or per diem basis at a substantially discounted rate. The 'contractual allowance' (i.e. write-off) related to care provided for lifecare residents was in excess of $14,700,000 for the fiscal year ended June 30, 2019 (FY19). This is an average discount of 76% versus the standard monthly private pay rate in area nursing homes and assisted living facilities. Riverwoods also provided benevolence assistance for its residents who, through no fault of their own, have exhausted their financial resources. For FY19, Riverwoods provided financial assistance to a total of five residents in the amount of $192,165.
Interesting data from their 2020 990 filing
The non-profit's aim, as indicated in the filing, is “To establish, own, and maintain charitable continuing care retirement communities which provide housing, health care services, food services, security, and other ancillary services to elderly persons.”.
When referring to its functions, they were specified as: “To establish, own, and maintain charitable continuing care retirement communities for the elderly”.
- The non-profit has reported their operating state as NH, as required by law.
- As stated in the filing, the non-profit's address in 2020 was 5 WHITE OAK DRIVE, EXETER, NH, 03833.
- The non-profit's form reports a total of 757 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,691,645.
- The organization has 10 independent voting members.
- The organization was formed in 1983.
- The organization pays $20,972,250 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.