Greenwood Residences Inc

Nonprofit profile at a glance

EIN
161345198
IRS 990 coverage
2010–2021
Forms available
Form 990 2021
Location
Getzville, NY, USA
Phone
7166393311
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,673,678
Expenses
$1,166,696
Assets
$2,923,024
Liabilities
$83,431

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • ROBERT T MAYER (PRESIDENT/CEO & ASSISTANT SECRETARY)
  • DAVID DUNKELMAN (FORMER PRESIDENT/CEO)

Highest reported compensation

  • ROBERT T MAYER (PRESIDENT/CEO & ASSISTANT SECRETARY): $353,020 total reported compensation
  • MATTHEW MCDOUGAL (ADMINISTRATOR): $205,000 total reported compensation
  • DAVID DUNKELMAN (FORMER PRESIDENT/CEO): $178,723 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of menorah campus, inc. D/b/a the harry and jeanette weinberg campus, is to address the full needs of older people in our region: medical, residential, emotional, financial, social, and spiritual. Greenwood residences, inc. Is a subsidiary of menorah campus, inc. And is a community residence which provides full-time supervision in a home-like setting to 26 people who are mentally disabled.

What it reported doing in 2021

Menorah campus inc. D/b/a the harry and jeanette weinberg campus ("weinberg campus") is an exempt organization and is the sole member for 8 exempt operating subsidiaries including greenwood residences, inc. Weinberg campus, through its operating subsidiaries, offers a variety of living options and customizable care programs to meet the needs of seniors in western New York. The services provided range from independent living apartments with supportive services available as needed to a more structured adult home setting, to social and medical day programs, short term rehabilitation, a nursing home, home care, and a mental health residence. Weinberg campus is a leader in developing thoughtful approaches to the challenges of aging and strives to create a home-like environment that assists individuals to live according to their needs and values. Weinberg campus provides services to approximately 2,000 individuals on an annual basis. Greenwood residences, inc. Is a community residence which provides full-time supervision in a home-like setting to 26 people who are mentally disabled. Greenwood residences, inc. Is normally 100% occupied with medicaid eligible residents. Features include 24 hour supervision by trained resident counselors who assist with daily living activities, nutritional services (three meals per day, plus others as required), activity program including in-house activities as well as community excursions, housekeeping, maintenance, laundry services, 24 hour security, and meetings with families to discuss special care of residents.

Operating model

Revenue model
Earned-program. 100% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and the available information about grant readiness automatic revocation leaves an important question unanswered.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 93
  • Accountability: 93
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.1%; rating input score 63
  • Program expense ratio: 90.6%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 20th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 30.3%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 2.51; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 11.2%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 2.8% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 63.1% of revenue deployed · 90.6% of spending went to programs
  • Governance: 7 of 8 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $353K · 12 people listed · 6 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2010 to 2021
  • Contacts: How to reach this organization
  • Related organizations: 8 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.

Key Signals

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

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Sustainability: Officer compensation ratio scored 33/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.