Nonprofit · EIN 04-3195775
EDGEWOOD RETIREMENT COMMUNITY INC
Tax-exempt · NORTH ANDOVER, MA 01845
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $31,832,067 | $30,306,455 | $1,525,612 | $154,895,092 | $178,796,269 | -$23,901,177 |
| December 31, 2023 | 990 | $29,586,126 | $29,736,599 | -$150,473 | $144,132,237 | $172,900,529 | -$28,768,292 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $328,655
- Program service revenue
- $29,659,388
- Investment income
- $1,844,024
- Net gain from sales of assets
- $185,221
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $11,980,358
- Salaries, compensation and benefits (total)
- $15,251,716
- Professional fundraising fees
- $0
- Legal fees
- $27,883
- Accounting fees
- $8,103
- Occupancy
- $2,424,540
- Travel
- $15,872
- Depreciation
- $4,839,177
- Program services (functional)
- $27,595,373
- Management and general (functional)
- $2,711,082
Balance sheet and other
- Total assets, start of year
- $144,132,237
- Total assets, end of year
- $154,895,092
- Total liabilities, end of year
- $178,796,269
- Net assets, end of year
- -$23,901,177
- Land, buildings and equipment
- $77,946,856
- Publicly traded securities
- $47,501,744
- Net assets without donor restrictions
- -$23,998,311
- Net assets with donor restrictions
- $97,134
- Gross receipts
- $41,470,518
- Employees
- 389
- Volunteers
- 19
- Year formed
- 1993
- State of legal domicile
- MA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARLENE ROTERING | PRESIDENT/CEO Trustee or director, Officer | 11 | $0 | $766,709 | $62,213 |
| JANE P SULLIVAN | CFO Officer | 14 | $0 | $354,666 | $33,024 |
| KATHLEEN D' AMICO | DIRECTOR OF MARKETING Highest-paid employee | 10 | $197,194 | $0 | $49,157 |
| DAVID BOTTE | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $212,795 | $0 | $19,916 |
| ROZA KHAN | HOUSE MANAGER Highest-paid employee | 60 | $208,166 | $0 | $16,072 |
| BETH SKAFAS | ADMINISTRATOR Highest-paid employee | 40 | $165,925 | $0 | $49,441 |
| ROBERT COPPOLA | PROJECT MANAGER Highest-paid employee | 12 | $198,807 | $0 | $13,990 |
| THOMAS SMITH | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL D CONSOLI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARLENE HOYT | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBIN GORSKI-ROUTHIER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL W HAWKINS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL B COTE | TRUSTEE (JOINED 05/2024) Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD L SUMBERG | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KENNETH R FEYL | TRUSTEE (JOINED 05/2024) Trustee or director | 1 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAYEEDA RAHMAN MD | TRUSTEE Trustee or director | 1 | $0 |
| SARAH MCEVOY | TRUSTEE Trustee or director | 1 | $0 |
| MARY M SHANNON | TRUSTEE (JOINED 05/2024) Trustee or director | 1 | $0 |
| MARK B JOHNSON ESQUIRE | TRUSTEE (JOINED 05/2024) Trustee or director | 1 | $0 |
| GEORGE AUCLAIR | RESIDENT TRUSTEE Trustee or director | 1 | $0 |
| HEATHER HART | RESIDENT TRUSTEE (JOINED 02/2024) Trustee or director | 1 | $0 |
| HOLLIS YOUNG | RESIDENT TRUSTEE Trustee or director | 1 | $0 |
| ELLIOT HACKER | TREASURER (UNTIL 05/2024) Trustee or director, Officer | 1 | $0 |
| CAMILLE MIRAGLIOTTA DALY | SECRETARY (UNTIL 05/2024) Trustee or director, Officer | 1 | $0 |
| SWAITHA MARIPURI | TRUSTEE (UNTIL 05/2024) Trustee or director | 1 | $0 |
| MICHAEL TULE ESQ | TRUSTEE (UNTIL 05/2024) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARLENE ROTERING | PRESIDENT/CEO Trustee or director, Officer | 11 | $0 | $581,567 | $63,582 |
| JANE SULLIVAN | CFO Officer | 14 | $0 | $324,907 | $34,134 |
| ROBERT COPPOLA | PROJECT MANAGER Highest-paid employee | 12 | $235,757 | $0 | $31,439 |
| KATHLEEN D' AMICO | DIRECTOR OF MARKETING Highest-paid employee | 40 | $148,168 | $0 | $49,201 |
| ROZA KHAN | HOUSE MANAGER Highest-paid employee | 58 | $176,472 | $0 | $19,148 |
| DAVID BOTTE | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $172,443 | $0 | $18,145 |
| CHERYL KENNY | DIRECTOR OF NURSING Highest-paid employee | 40 | $131,495 | $0 | $12,767 |
| THOMAS SMITH | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MARLENE HOYT | VICE CHAIR (AS OF 6/23) Trustee or director, Officer | 5 | $0 | $0 | $0 |
| ELLIOT HACKER | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| CAMILLE MIRAGLIOTTA DALY | SECRETARY Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MICHAEL D CONSOLI | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| MICHAEL W HAWKINS | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| SAYEEDA RAHMAN MD | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| RICHARD L SUMBERG | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| SWAITHA MARIPURI | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| MICHAEL TULE ESQ | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| GEORGE AUCLAIR | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| HOLLIS YOUNG | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| SARAH MCEVOY | TRUSTEE (AS OF 6/23) Trustee or director | 5 | $0 | $0 | $0 |
| ROBIN GORSKI-ROUTHIER | TRUSTEE (AS OF 6/23) Trustee or director | 5 | $0 | $0 | $0 |
| SERENA CAPERONIS | TRUSTEE (UNTIL 12/23) Trustee or director | 5 | $0 | $0 | $0 |
| PAUL HEDSTROM | TRUSTEE (UNTIL 8/23) Trustee or director | 5 | $0 | $0 | $0 |
| HUGO OVERDUPUT | TRUSTEE (UNTIL 6/23) Trustee or director | 5 | $0 | $0 | $0 |
| DONALD P PICCIRILLO | TRUSTEE (UNTIL 6/23) Trustee or director | 5 | $0 | $0 | $0 |
| HENRY WHITE | TRUSTEE (UNTIL 6/23) Trustee or director | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 575 OSGOOD STREET, NORTH ANDOVER, MA 01845-1975
- Principal officer (990 for 2024)
- MARLENE ROTERING, 575 OSGOOD STREET, NORTH ANDOVER, MA 01845
- Signed the 990
- MARLENE ROTERING, PRESIDENT/CEO
- Phone
- (978) 725-3300
- Website
- WWW.EDGEWOODRC.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE ORGANIZATION OFFERS INDEPENDENT LIVING, HEALTHCARE AND SUPPORTIVE SERVICES TO EMPOWER MEMBERS TO BE ARCHITECTS OF THEIR OWN WELL-BEING. THE ORGANIZATION ACCOMPLISHES THIS BY A RELENTLESS PURSUIT OF A CARING CULTURE WITH PASSIONATE ATTENTION TO INDIVIDUAL NEEDS AND VALUES.
Program accomplishments
- THE COMMUNITY CONSISTS OF 217 RESIDENTIAL UNITS, 24 COTTAGES, COMMON SPACE, 40 NURSING CARE BEDS AND 40 ASSISTED LIVING BEDS. THE COMMUNITY OPERATES UNDER THE "LIFE CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO A RESIDENCY AGREEMENT WHICH REQUIRES PAYMENT OF A ONE-TIME ENTRANCE FEE AND MONTHLY SERVICE FEES. THESE PAYMENTS ENTITLE RESIDENTS TO THE USE AND PRIVILEGES OF THE COMMUNITY FOR LIFE. EDGEWOOD ALSO OPERATES THE WOODLANDS INN WHICH IS AN ASSISTED LIVING FACILITY. THE INN IS A COMMUNITY THAT CONSISTS OF 40 UNITS.Expenses $27,595,373 · revenue $29,659,388
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3195775
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $154,895,092
- Income (IRS master file)
- $41,470,518
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $31,832,067 | $30,306,455 | $154,895,092 | XML |
| 990 | December 2023 | $29,586,126 | $29,736,599 | $144,132,237 | XML |
| 990 | December 2022 | $28,502,846 | $28,325,942 | $134,239,865 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 04-3195775).
Questions about EDGEWOOD RETIREMENT COMMUNITY INC
- What is the EIN of EDGEWOOD RETIREMENT COMMUNITY INC?
- The employer identification number (EIN) of EDGEWOOD RETIREMENT COMMUNITY INC is 04-3195775.
- Is EDGEWOOD RETIREMENT COMMUNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to EDGEWOOD RETIREMENT COMMUNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDGEWOOD RETIREMENT COMMUNITY INC 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 EDGEWOOD RETIREMENT COMMUNITY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EDGEWOOD RETIREMENT COMMUNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EDGEWOOD RETIREMENT COMMUNITY INC?
- The 990 for the year ended December 31, 2024 names MARLENE ROTERING.
- Who are the officers and directors of EDGEWOOD RETIREMENT COMMUNITY INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 5 received compensation from the organization.
- How much revenue does EDGEWOOD RETIREMENT COMMUNITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $31,832,067, expenses of $30,306,455 and total assets of $154,895,092 at year end.
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