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Nonprofit · EIN 31-1727817

PRESWICK GLEN INC

Tax-exempt · NEW HARTFORD, NY 13413

Financials

$5.2M$5.1M2023$5.8M$5.2M2024
Revenue Expenses · by fiscal year end
Financials of PRESWICK GLEN INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,777,506$5,244,360$533,146$16,661,098$21,448,630-$4,787,532
December 31, 2023990$5,209,265$5,075,188$134,077$16,453,405$21,722,213-$5,268,808
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,511,542
Investment income
$201,404
Net gain from sales of assets
-$32,264
Other revenue
$64,560

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,181,643
Salaries, compensation and benefits (total)
$1,389,725
Professional fundraising fees
$0
Legal fees
$12,016
Accounting fees
$15,920
Occupancy
$998,790
Travel
$1,920
Depreciation
$493,786
Program services (functional)
$4,191,005
Management and general (functional)
$1,053,355

Balance sheet and other

Total assets, start of year
$16,453,405
Total assets, end of year
$16,661,098
Total liabilities, end of year
$21,448,630
Net assets, end of year
-$4,787,532
Land, buildings and equipment
$7,066,940
Net assets without donor restrictions
-$4,796,804
Net assets with donor restrictions
$9,272
Gross receipts
$5,809,770
Employees
79
Volunteers
11
Year formed
2000
State of legal domicile
NY

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JEREMY RUTTERPRESIDENT/CEO
Officer
1$0$248,694$20,042
ANNE CONNORCFO
Officer
1$0$131,134$19,222
LINDA VOCEVICE-CHAIRPERSON
Trustee or director, Officer
0.2$0$0$0
JAY WILLIAMSCHAIRPERSON
Trustee or director, Officer
0.2$0$0$0
GEORGE BURKEDIRECTOR
Trustee or director
0.2$0$0$0
JULIANNE BREENSECRETARY
Trustee or director, Officer
0.2$0$0$0
MARIE ABRAHAMDIRECTOR
Trustee or director
0.2$0$0$0
RUSSELL CLARKTREASURER
Trustee or director, Officer
0.2$0$0$0
JEFFREY KANEDIRECTOR
Trustee or director
0.2$0$0$0
DEBORAH WELKER-MILLSDIRECTOR
Trustee or director
0.2$0$0$0
PATRICIA PITCHERDIRECTOR
Trustee or director
0.2$0$0$0
ROGER WILLIAMSDIRECTOR
Trustee or director
0.2$0$0$0
ROBERT OHMANNDIRECTOR
Trustee or director
0.2$0$0$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JEREMY RUTTERPRESIDENT/CEO
Officer
1$0$241,132$14,262
LENORA D'APICECHIEF STRATGEY OFFICER
Highest-paid employee
1$0$136,445$2,833
ANNE CONNORCFO
Officer
1$0$124,399$11,893
CORINA CHRYSTIEVP OF HR
Highest-paid employee
1$0$115,218$11,752
PETER BIZZARICIO
Highest-paid employee
1$0$108,174$6,766
LINDA VOCEVICE-CHAIRPERSON
Trustee or director, Officer
0.2$0$0$0
JAY WILLIAMSCHAIRPERSON
Trustee or director, Officer
0.2$0$0$0
GEORGE BURKEDIRECTOR
Trustee or director
0.2$0$0$0
JULIANNE BREENSECRETARY
Trustee or director, Officer
0.2$0$0$0
MARIE ABRAHAMDIRECTOR
Trustee or director
0.2$0$0$0
RUSSELL CLARKTREASURER
Trustee or director, Officer
0.2$0$0$0
JEFFREY KANEDIRECTOR
Trustee or director
0.2$0$0$0
DEBORAH WELKER-MILLSDIRECTOR
Trustee or director
0.2$0$0$0
PATRICIA PITCHERDIRECTOR
Trustee or director
0.2$0$0$0
ROGER WILLIAMSDIRECTOR
Trustee or director
0.2$0$0$0
ROBERT OHMANNDIRECTOR
Trustee or director
0.2$0$0$0

Address and contacts

Address (IRS master file)
55 PRESWICK DR, NEW HARTFORD, NY 13413-5405
In care of
% RAYMOND L GARRETT
Principal officer (990 for 2024)
JEREMY RUTTER, 172 CLINTON ROAD, NEW HARTFORD, NY 13413
Signed the 990
CHRISTOPHER BURNS, CFO
Phone
(315) 797-7500
Return prepared by
BONADIO & CO LLP

Mission

THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND, AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE.

990 for the year ended December 31, 2024

Program accomplishments

  • INDEPENDENT LIVING WHICH PROVIDES HOUSING, ACCESS TO HEALTH CARE, AND A NO-EVICTION POLICY TO RESIDENTS 60 YEARS OF AGE OR OLDER. FACILITY CONSISTS OF 84 INDEPENDENT LIVING APARTMENTS AND 40 INDEPENDENT LIVING COTTAGES THAT ARE LEASED AND RENEWED ON A YEARLY BASIS. AN AVERAGE OF 119 UNITS WERE LEASED DURING THE YEAR.
    Expenses $4,191,005 · revenue $5,576,102

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-1727817
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$16,661,098
Income (IRS master file)
$5,809,770

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,777,506$5,244,360$16,661,098XML
990December 2023$5,209,265$5,075,188$16,453,405XML
990December 2022$5,007,253$4,866,276$16,500,780IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 31-1727817).

Questions about PRESWICK GLEN INC

What is the EIN of PRESWICK GLEN INC?
The employer identification number (EIN) of PRESWICK GLEN INC is 31-1727817.
Is PRESWICK GLEN INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to PRESWICK GLEN INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRESWICK GLEN 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 PRESWICK GLEN 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 PRESWICK GLEN 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 PRESWICK GLEN INC?
The 990 for the year ended December 31, 2024 names JEREMY RUTTER.
Who are the officers and directors of PRESWICK GLEN INC?
The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does PRESWICK GLEN INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,777,506, expenses of $5,244,360 and total assets of $16,661,098 at year end.

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