Nonprofit · EIN 02-0400703
THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE
Also known as RIVERWOODS AT EXETER
Tax-exempt · EXETER, NH 03833
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $56,345,679 | $54,112,611 | $2,233,068 | $217,805,115 | $296,397,069 | -$78,591,954 |
| June 30, 2024 | 990 | $48,627,698 | $53,714,180 | -$5,086,482 | $199,457,460 | $283,608,882 | -$84,151,422 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,233,681
- of which government grants
- $5,433,963
- Program service revenue
- $45,360,778
- Investment income
- $4,664,311
- Net rental income
- $48,199
- Net gain from sales of assets
- $2,291,572
- Other revenue
- $86,909
Expenses
- Grants and similar amounts paid
- $321,008
- Compensation of officers, directors and key employees
- $226,696
- Other salaries and wages
- $20,697,698
- Salaries, compensation and benefits (total)
- $25,047,158
- Professional fundraising fees
- $0
- Legal fees
- $61,711
- Accounting fees
- $90,187
- Occupancy
- $3,615,941
- Travel
- $49,950
- Depreciation
- $9,441,107
- Program services (functional)
- $42,195,309
- Management and general (functional)
- $11,917,302
Balance sheet and other
- Total assets, start of year
- $199,457,460
- Total assets, end of year
- $217,805,115
- Total liabilities, end of year
- $296,397,069
- Net assets, end of year
- -$78,591,954
- Land, buildings and equipment
- $112,269,704
- Publicly traded securities
- $83,880,030
- Net assets without donor restrictions
- -$80,433,113
- Net assets with donor restrictions
- $1,841,159
- Gross receipts
- $79,510,468
- Employees
- 671
- Volunteers
- 256
- Year formed
- 1983
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JUSTINE VOGEL | CEO Trustee or director | 0.5 | $0 | $518,164 | $30,473 |
| KIMBERLY GASKELL | VP OF OPERATIONS Officer | 10 | $0 | $287,089 | $10,239 |
| JULIE CLARK | EXECUTIVE DIRECTOR Officer | 40 | $227,602 | $0 | $6,183 |
| EMILY STEWART | NURSE PRACTITIONER Highest-paid employee | 40 | $182,120 | $0 | $5,421 |
| TRACY JEFFERS | ASSOCIATE EXECUTIVE DIRECTOR Highest-paid employee | 40 | $176,281 | $0 | $5,229 |
| LISA CLARK | SALES MANAGER Highest-paid employee | 40 | $153,570 | $0 | $23,827 |
| KATHLEEN LAFAVE | DIRECTOR OF COMMUNITY LIFE Highest-paid employee | 40 | $142,242 | $0 | $7,986 |
| CHRISTOPHER TOWLE | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $144,247 | $0 | $3,158 |
| SUSAN DESJARDINS | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| REBECCA SMITH | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MICHAEL HICKEY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DEBORAH KARMOZYN | CLERK AND RESIDENT TRUSTEE Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DAN CHARTRAND | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KIRSTEN CORAZZINI | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| TOM DONOVAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBBY MILLER | TRUSTEE Trustee or director | 0.5 | $0 |
| PATRICK PARISI | TRUSTEE Trustee or director | 0.5 | $0 |
| WALTER BURGIN | RESIDENT TRUSTEE Trustee or director | 0.5 | $0 |
| RALPH RAGUCCI | RESIDENT TRUSTEE Trustee or director | 0.5 | $0 |
| BILL STAFFORD | RESIDENT TRUSTEE Trustee or director | 0.5 | $0 |
| GARY RICHARDSON | AT LARGE TRUSTEE (JOINED SEPT. 2024) Trustee or director | 0.5 | $0 |
| MARIA MONGAN | TRUSTEE (JOINED JUNE 2025) Trustee or director | 0.5 | $0 |
| STEVE RENO | TRUSTEE (JOINED JUNE 2025) Trustee or director | 0.5 | $0 |
| HEATHER WHITFIELD | TRUSTEE (JOINED JUNE 2025) Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JUSTINE VOGEL | CEO Trustee or director | 0.8 | $0 | $504,915 | $40,317 |
| KIMBERLY GASKELL | VP OF OPERATIONS Officer | 15 | $0 | $260,341 | $16,588 |
| LINDA MCCARTHY | SR. DIRECTOR OF HEALTH SERVICES Highest-paid employee | 40 | $182,797 | $0 | $33,593 |
| LISA CLARK | SALES MANAGER Highest-paid employee | 40 | $150,523 | $0 | $23,982 |
| TRACY JEFFERS | ASSOCIATE EXECUTIVE DIRECTOR Highest-paid employee | 40 | $157,500 | $0 | $4,676 |
| PATRICIA CROTHERS | NURSE PRACTITIONER Highest-paid employee | 40 | $131,143 | $0 | $24,013 |
| JULIE CLARK | EXECUTIVE DIRECTOR Officer | 40 | $149,532 | $0 | $1,375 |
| CRYSTAL HAYES | DIRECTOR OF CULINARY OPERATIONS Highest-paid employee | 40 | $141,130 | $0 | $7,220 |
| SUSAN DESJARDINS | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| REBECCA SMITH | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MIKE HICKEY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DEBORAH KARMOZYN | CLERK AND RESIDENT TRUSTEE Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DAN CHARTRAND | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KIRSTEN CORAZZINI | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| TOM DONOVAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DEBBY MILLER | TRUSTEE (AS OF JANUARY 2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| PATRICK PARISI | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| WALTER BURGIN | RESIDENT TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| RALPH RAGUCCI | RESIDENT TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| BILL STAFFORD | RESIDENT TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID BROWNELL | CHAIR (LEFT JUNE 18, 2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| MIKE ROWAN | TRUSTEE (LEFT APRIL 2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN PROCHILO | TRUSTEE (LEFT JUNE 18, 2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| JASON SMITH | TRUSTEE (LEFT JUNE 18, 2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| TIM RILEY | TRUSTEE (LEFT AUGUST 2023) Trustee or director | 0.5 | $0 | $0 | $0 |
| SUSAN WOODS | TRUSTEE (LEFT JUNE 18, 2024) Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7 RIVERWOODS DRIVE, EXETER, NH 03833-4374
- Principal officer (990 for 2024)
- JULIE CLARK, 7 RIVERWOODS DRIVE, EXETER, NH 03833
- Signed the 990
- KEVIN GOYETTE, CFO
- Phone
- (603) 658-1786
- Website
- WWW.RIVERWOODSRC.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO ESTABLISH, OWN, AND MAINTAIN CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES (CCRC) WHICH PROVIDE HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY, AND OTHER ANCILLARY SERVICES TO ELDERLY PERSONS.
Program accomplishments
- THE RIVERWOODS COMPANY AT EXETER NH (RWE) HAS ONE PRIMARY PROGRAM SERVICE, TO ESTABLISH, MANAGE, AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WHICH PROVIDES HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY, AND OTHER ANCILLARY SERVICES TO OLDER ADULTS OVER AGE 62. ON JUNE 30, 2025, THE COMMUNITY HOUSED APPROXIMATELY 506 RESIDENTS IN INDEPENDENT APARTMENTS AND 107 RESIDENTS IN HEALTH CARE CENTERS. OVER THE COURSE OF THE YEAR THE HEALTH CARE CENTERS SERVED APPROXIMATELY 168 RESIDENTS ON A PERMANENT, TEMPORARY OR PER DIEM BASIS AT A SUBSTANTIALLY DISCOUNTED RATE. THE "CONTRACTUAL ALLOWANCE" (I.E. WRITE-OFF) RELATED TO THE LEVEL OF CARE PROVIDED FOR LIFECARE CONTRACT RESIDENTS WAS $14,256,993 FOR FY25. CONTINUED ON SCHEDULE O. AS A NOT-FOR-PROFIT CCRC, RWE HAS A BENEVOLENCE FUND TO HELP RESIDENTS WHO HAVE OUTLIVED THEIR ASSETS OR HAVE FOUND THEMSELVES UNABLE TO MAKE THEIR FINANCIAL COMMITMENT, THROUGH NO FAULT OF THEIR OWN. IF NEEDED, A RESIDENT CAN TURN TO THE RIVERWOODS BENEVOLENCE FUND, RATHER THAN PLACING FINANCIAL BURDEN ON SENIOR ASSISTANCE PROGRAMS OUTSIDE THE RIVERWOODS COMMUNITY. IN FY25, RWE DID NOT HAVE RESIDENTS REQUIRING THIS ASSISTANCE.RWE WAS FOUNDED IN 1983 AS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION, BY A GRASSROOTS GROUP OF SEACOAST AREA RESIDENTS WHOSE MISSION WAS TO CREATE AN ACTIVE AND ENGAGING CONTINUING CARE COMMUNITY THAT ENHANCED THE FREEDOM OF SENIOR LIVING WHILE EASING THE CHALLENGES OF AGING. WOVEN INTO THE FABRIC OF OUR FOUNDING PRINCIPLES IS A COMMITMENT TO THE LOCAL COMMUNITY: "TO BE A RESPONSIBLE COMMUNITY THAT PARTICIPATES IN THE LIFE OF THE LARGER COMMUNITY AROUND IT." WE CONSIDER OURSELVES NEIGHBORS OF THE LOCAL COMMUNITY, AND WE ARE DEDICATED TO SERVING THE NEW HAMPSHIRE SEACOAST AREA BOTH WITH OUR TIME, KNOWLEDGE, AND THROUGH OUR RESOURCES. IN FY25, BOTH STAFF AND RESIDENTS FOUND MANY WAYS TO GIVE BACK, SERVE OTHERS, AND SUPPORT THE LOCAL COMMUNITY BY VOLUNTEERING THEIR TIME ON LOCAL NOT-FOR-PROFIT BOARDS, VOLUNTEERING HOURS IN THEIR COMMUNITY, COLLECTING PHYSICAL DONATIONS FOR TOY AND FOOD DRIVES AND MAKING KNITTED ITEMS TO DONATE TO LOCAL ORGANIZATIONS. RWE ENCOURAGES EMPLOYEES TO VOLUNTEER DURING WORK HOURS FOR SPECIAL NOT-FOR-PROFIT PROJECTS. PART OF OUR MISSION IS NOT ONLY TO HELP IMPROVE THE EXPERIENCE OF AGING FOR AS MANY ADULTS AS POSSIBLE, BUT ALSO TO SHARE THAT KNOWLEDGE WITH OTHERS, ESPECIALLY THE YOUNGER GENERATION. EMPLOYEES REGULARLY SHARE THEIR KNOWLEDGE BY INVITING STUDENTS INTO THE RWE COMMUNITY WHO CAN LEARN FROM THE VAST KNOWLEDGE AND EXPERIENCE OF THE STAFF. OVER THE YEARS WE HAVE HOSTED STUDENTS FROM A VARIETY OF SCHOOLS AND PROVIDED INTERNSHIPS IN A VARIETY OF COURSEWORK, FROM MARKETING TO FINANCE TO SOCIAL WORK AND HEALTH CARE. SINCE RIVERWOODS OPENED ITS DOORS IN 1994, A KEY OBJECTIVE HAS NOT ONLY BEEN TO SHARE OUR EXPERIENCES WITH OTHERS, BUT TO LEARN FROM OTHERS IN THE INDUSTRY AT THE SAME TIME. IN THIS WAY WE CONTINUE TO INNOVATE, TO REMAIN AT THE FOREFRONT OF NEW TRENDS IN OUR INDUSTRY, AND TO RESPOND TO CHANGING CONSUMER PREFERENCES, WHILE ALSO ADVANCING THE SENIOR LIVING INDUSTRY AS A WHOLE. OUR LEADERS REGULARLY ATTEND INDUSTRY SEMINARS, PARTICIPATE IN STUDY GROUPS, AND PRESENT ON NATIONAL AND INTERNALTIONAL PANELS WITHIN OUR INDUSTRY, AS WELL AS DRAFT ARTICLES FOR LEADING PUBLICATIONS. RWE IS A STRONG COMMUNITY PARTNER AND IN ADDITION TO RESIDENT AND STAFF TIME SPENT VOLUNTEERING, RWE HAS HELPED A NUMBER OF COMMUNITY-WIDE EVENTS AND ORGANIZATIONS WITH FINANCIAL SUPPORT. RWE HAS ALSO PROVIDED SMALL HONORARIUMS/DONATIONS TO A NUMBER OF GROUPS WHO HAVE PROVIDED SPEAKERS FOR OUR ON-CAMPUS EDUCATION PROGRAMS.EDUCATION IS A VALUE HIGHLY PRIZED BY RWE RESIDENTS. EIGHTEEN YEARS AGO, RESIDENTS ESTABLISHED SCHOLARSHIP FUNDS FOR STAFF AND THEIR FAMILIES. SINCE THEN, 204 SCHOLARSHIPS HAVE BEEN DISTRIBUTED, WORTH MORE THAN $592,500 TOWARD GOALS OF HIGHER EDUCATION. IN FY25, $95,000 WAS AWARDED TO 17 RECIPIENTS.IN JULY OF 2016, A GROUP OF RWE EMPLOYEES CREATED THE C.A.R.E. (CARING, AIDING AND RESPONDING TO EMPLOYEES) FUND TO ASSIST EMPLOYEES OF RWE WHO DEMONSTRATE A FINANCIAL EMERGENCY BEYOND THEIR CONTROL AND PROVIDE THEM WITH LIMITED ASSISTANCE. THIS FUND CONTINUES TO BE AVAILABLE TO EMPLOYEES WHO DEMONSTRATE A NEED FOR LIMITED EMERGENCY FINANCIAL ASSISTANCE.RIVERWOODS IS LOCATED IN A BEAUTIFUL RURAL AREA. THE RIVERWOODS LANDSCAPING TEAM, WITH THE HELP OF THE RESIDENT TRAILS COMMITTEE, MAINTAINS OVER FOUR MILES OF WALKING AND HIKING TRAILS THAT CIRCUMNAVIGATE OUR THREE RWE CAMPUSES. THESE TRAILS ARE ENJOYED BY RWE RESIDENTS AND STAFF ON A DAILY BASIS BUT ARE ALSO OPEN AND WIDELY USED BY THE LOCAL EXETER AREA COMMUNITY. THE TRAIL SYSTEM ALSO PROVIDES ACCESS TO A LARGE PORTION OF THE 165-ACRE RWE ARBORETUM. THIS PROJECT STARTED 17 YEARS AGO WHEN A SMALL GROUP OF RESIDENTS BEGAN PLANING A WIDE VARIETY OF TREES. TODAY IT INCLUDES AT LEAST 298 SPECIES OF TREES AND HAS ACHIEVED LEVEL I ARBORETUM ACCREDIATION FROM ARBNET, A CONSORTIUM OF ARBORETA AND TREE-FOCUSED PUBLIC GARDENS THROUGHOUT THE WORLD.Expenses $42,195,309 · grants $321,008 · revenue $45,360,778
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0400703
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $217,805,115
- Income (IRS master file)
- $79,510,468
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $56,345,679 | $54,112,611 | $217,805,115 | XML |
| 990 | June 2024 | $48,627,698 | $53,714,180 | $199,457,460 | XML |
| 990 | June 2023 | $45,582,706 | $50,759,977 | $195,729,835 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0400703).
Questions about THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE
- What is the EIN of THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE?
- The employer identification number (EIN) of THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE is 02-0400703.
- Is THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE?
- The 990 for the year ended June 30, 2025 names JULIE CLARK.
- Who are the officers and directors of THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE?
- The 990 for the year ended June 30, 2025 lists 24 people; 6 received compensation from the organization.
- How much revenue does THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $56,345,679, expenses of $54,112,611 and total assets of $217,805,115 at year end.
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