Nonprofit · EIN 46-3593492
GIFFORD RETIREMENT COMMUNITY INC
Tax-exempt · RANDOLPH, VT 05060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $10,597,829 | $10,471,778 | $126,051 | $11,388,379 | $24,372,772 | -$12,984,393 |
| September 30, 2024 | 990 | $10,888,804 | $10,106,917 | $781,887 | $13,759,164 | $26,889,438 | -$13,130,274 |
| September 30, 2023 | 990 | $6,387,768 | $10,148,310 | -$3,760,542 | $10,660,366 | $24,588,714 | -$13,928,348 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $3,162,522
- of which government grants
- $3,145,434
- Program service revenue
- $7,421,169
- Investment income
- $14,138
- Net gain from sales of assets
- -$1,712
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $3,322,524
- Salaries, compensation and benefits (total)
- $4,453,752
- Professional fundraising fees
- $0
- Legal fees
- $28,299
- Accounting fees
- $8,982
- Occupancy
- $879,484
- Travel
- $5,234
- Depreciation
- $855,997
- Program services (functional)
- $7,446,698
- Management and general (functional)
- $3,025,080
Balance sheet and other
- Total assets, start of year
- $13,759,164
- Total assets, end of year
- $11,388,379
- Total liabilities, end of year
- $24,372,772
- Net assets, end of year
- -$12,984,393
- Land, buildings and equipment
- $7,917,882
- Publicly traded securities
- $212,781
- Net assets without donor restrictions
- -$13,064,185
- Net assets with donor restrictions
- $79,792
- Gross receipts
- $10,748,585
- Employees
- 111
- Volunteers
- 14
- Year formed
- 2013
- State of legal domicile
- VT
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Daniel Bennett | Past President & CEO Trustee or director, Officer | 1 | $0 | $390,225 | $48,011 |
| Ursula Margazano | Past GRC Director Trustee or director, Officer | 40 | $0 | $213,730 | $29,917 |
| Cheyenne Holland | CFO Officer | 1 | $0 | $127,726 | $6,639 |
| Michael Costa | President & CEO Trustee or director, Officer | 1 | $0 | $77,312 | $6,225 |
| Jeffery Nelb | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kristin Chandler | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Peter Reed | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Matthew Considine | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jamie Kinnarney | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Kathleen Mason | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Victor Ribaudo | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Morgan Rilling | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Cindy Rosalbo | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Megan Cicio | Past Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jody Davignon | Past Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Frederick Hauser | Past Trustee Trustee or director | 1 | $0 |
| Sarah Jackson | Past Director/Trustee Trustee or director | 1 | $0 |
| Clay Westbrook | Past Director/Trustee Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Daniel Bennett | President & CEO Trustee or director, Officer | 1 | $0 | $399,393 | $50,757 |
| William King | Past Interim CFO Officer | 1 | $0 | $369,968 | $0 |
| Jennifer A Bertrand | Past CFO Officer | 1 | $0 | $279,345 | $14,407 |
| Ursula A Margazano | GRC Director Trustee or director, Officer | 40 | $0 | $180,558 | $24,639 |
| Cheyenne Holland | CFO Officer | 1 | $0 | $158,925 | $0 |
| Victor Ribaudo | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Megan Cicio | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Peter Reed | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kristin Chandler | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Matthew Considine | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jody Davignon | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Frederick Hauser | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Sarah Jackson | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jeffery Nelb | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Morgan Rilling | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Cindy Rosalbo | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Clay Westbrook | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Theron Manning | Past Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Todd Winslow | Past Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Daniel Bennett | President & CEO Trustee or director, Officer | 1 | $0 | $366,183 | $46,287 |
| Jennifer A Bertrand | CFO Officer | 1 | $0 | $257,122 | $13,302 |
| Ursula A Margazano | GRC Director Trustee or director, Officer | 40 | $0 | $157,638 | $22,534 |
| Victor Ribaudo | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Megan Cicio | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Peter Reed | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jody Davignon | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kristin Chandler | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Matthew Considine | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Frederick Hauser | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Sarah Jackson | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Theron Manning | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jeffery Nelb | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Morgan Rilling | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Clay Westbrook | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Todd Winslow | Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Lincoln Clark | Past Director/Trustee Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 44 S MAIN ST, RANDOLPH, VT 05060-1381
- In care of
- % WAYNE D BENNETT
- Mailing address (990-N for 2013)
- 44 S MAIN ST, RANDOLPH VT 05060
- Principal officer (990 for 2024)
- Michael Costa, 44 South Main Street, Randolph, VT 05060
- Principal officer (990-N for 2013)
- JOSEPH WOODIN, 44 S MAIN ST, RANDOLPH VT 05060
- Signed the 990
- D Chris Frauenhofer, CFO
- Phone
- (802) 728-7000
- Website
- www.giffordhealthcare.org
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
The mission of Gifford Healthcare Inc. and its subsidiaries is to enhance the health and well-being of our communities by providing excellent patient-centered care including senior living services.
Program accomplishments
- Gifford Retirement Community operates a 30 bed skilled nursing facility, a 49 unit independent living facility, and an adult day care facility.Expenses $7,446,698 · revenue $7,421,169
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 46-3593492
- 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
- 2014
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $11,388,379
- Income (IRS master file)
- $10,748,585
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $10,597,829 | $10,471,778 | $11,388,379 | XML |
| 990 | September 2024 | $10,888,804 | $10,106,917 | $13,759,164 | XML |
| 990 | September 2023 | $6,387,768 | $10,148,310 | $10,660,366 | XML |
| 990 | September 2022 | $6,727,568 | $9,115,601 | $11,498,830 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: JOSEPH WOODIN | September 30, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-3593492).
Questions about GIFFORD RETIREMENT COMMUNITY INC
- What is the EIN of GIFFORD RETIREMENT COMMUNITY INC?
- The employer identification number (EIN) of GIFFORD RETIREMENT COMMUNITY INC is 46-3593492.
- Is GIFFORD RETIREMENT COMMUNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to GIFFORD RETIREMENT COMMUNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GIFFORD 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 GIFFORD RETIREMENT COMMUNITY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GIFFORD RETIREMENT COMMUNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of GIFFORD RETIREMENT COMMUNITY INC?
- The 990 for the year ended September 30, 2025 names Michael Costa.
- Who are the officers and directors of GIFFORD RETIREMENT COMMUNITY INC?
- The 990 for the year ended September 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does GIFFORD RETIREMENT COMMUNITY INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $10,597,829, expenses of $10,471,778 and total assets of $11,388,379 at year end.
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