Home for Aged Women Inc

Nonprofit profile at a glance

EIN
042104314
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Brookline, MA, USA
Phone
6177318500
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$16,974,771
Expenses
$11,725,749
Assets
$78,850,016
Liabilities
$2,767,185

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

Leadership & pay

20 people listed

Executive titles in this filing

  • CANDACE L CRAMER (CHIEF EXECUTIVE OFFICER)
  • LANCE CHAPMAN (ASSISTANT EXECUTIVE DIRECTOR)

Highest reported compensation

  • CANDACE L CRAMER (CHIEF EXECUTIVE OFFICER): $286,283 total reported compensation
  • LANCE CHAPMAN (ASSISTANT EXECUTIVE DIRECTOR): $177,444 total reported compensation
  • CHRISTINE A NAGLE (DIRECTOR OF COMMUNITY PARTNERSHIPS): $116,285 total reported compensation

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

Overview

Mission

Goddard house embraces the aging experience for seniors living in the boston area by operating a high-quality assisted living community and by creating innovative programs which support our need for purpose, engagement, autonomy, and choice as we age.

What it reported doing in 2024

Goddard house in brookline is an assisted living facility where seniors find the services and security they need without giving up the traditions and independence they cherish. The assisted living facility creates an environment where residents maintain their dignity, pride and individuality. The assisted living facility offers 115 beautifully designed studios and one and two-bedroom apartments. These include the "olmsted place" memory-impairment program which has 44 apartments. In 2024, 15% of the units of the assisted living are devoted to occupants with below market income.

Operating model

Revenue model
Earned-program. 78% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 87% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 73
  • Accountability: 96
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.3%; rating input score 54
  • Program expense ratio: 75.4%; rating input score 75
  • Fundraising efficiency: $6.66 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.8%; rating input score 94; 27th 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: 30.9%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 6.72; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 4.9%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: -1.2% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 54.3% of revenue deployed · 75.4% of spending went to programs
  • Governance: 15 of 16 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $8.8M in reported program spending
  • Leadership: top reported pay $286K · 20 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.7M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 3 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.

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 27/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.