Active Retirement Community Inc

Nonprofit profile at a glance

EIN
311631439
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
South Setauket, NY, USA
Phone
6316502724
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$47,345,672
Expenses
$44,714,504
Assets
$212,429,077
Liabilities
$248,044,723

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • ROBERT CAULFIELD (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • ROBERT CAULFIELD (CHIEF EXECUTIVE OFFICER): $915,719 total reported compensation
  • BRIAN AMTMANN (CHIEF FINANCIAL OFFICER): $355,850 total reported compensation
  • ANTHONY COMERFORD (VP OF HEALTH SERVICES): $330,839 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Jefferson's ferry is committed to serving older adults by providing an active lifestyle within an all-inclusive lifecare retirement community. (continued on schedule o)the lifecare concept promotes dignity, privacy, individuality and independence for each resident. This is accomplished through a caring environment with concerned staff providing security and peace of mind through a focus on resident service.

What it reported doing in 2024

Active retirement community, inc., doing business as jefferson's ferry, was established in 2001 with the mission of serving older adults by offering an active, engaging lifestyle within a comprehensive lifecare retirement community. The lifecare model fosters dignity, privacy, individuality, and independence for every resident. This mission is fulfilled through a supportive and caring environment, delivered by dedicated staff who provide exceptional service, a sense of security, and peace of mind.(continued on schedule o)in recent years, jefferson's ferry has enhanced its focus on resident health, wellness, and physical activity through a range of new initiatives. The organization has expanded its dining venues and increased the number of residential homes on campus to meet growing demand. Significant improvements were also made to common areas, assisted living, and skilled nursing settings to create a more homelike neighborhood environment. Additionally, jefferson's ferry introduced assisted living memory support services to better meet the evolving needs of its residents.

Operating model

Revenue model
Earned-program. 89% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 88
  • Accountability: 94
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.7%; rating input score 83
  • Program expense ratio: 91.1%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 85.7%; rating input score 86; 18th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.6%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 4.75; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 1.17; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 5.9%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 82.7% of revenue deployed · 91.1% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $40.7M in reported program spending
  • Leadership: top reported pay $916K · 16 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.1M reported
  • Consistency: 37 of 39 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 55/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.