John Clarke Retirement Center
Nonprofit profile at a glance
- EIN
- 050382511
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Middletown, RI, USA
- Phone
- 4018460743
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $8,805,081
- Expenses
- $8,187,027
- Assets
- $8,229,542
- Liabilities
- $2,686,511
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- JOHN THORPE (PRESIDENT)
- PETER L CHATELLIER (VICE PRESIDENT)
- JOAN M WOODS (CEO/ADMINISTRATOR)
- CINDY MACIOCI (EXECUTIVE DIRECTOR)
Highest reported compensation
- JOAN M WOODS (CEO/ADMINISTRATOR): $182,324 total reported compensation
- DIONNE S WILLIAMS-ROSSI (REGISTERED NURSE): $140,796 total reported compensation
- CINDY MACIOCI (EXECUTIVE DIRECTOR): $132,411 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
John clarke senior living's mission is to improve the lives we serve with respect, compassion and kindness. Our vision is to be the senior living provider of choice.the center complies with civil rights law & does not exclude, deny benefits to, or otherwise discriminate against any person (i.e. Patients, employees, or visitors) because of race, color, religion, national origin, gender, gender expression, gender identity, sexual orientation, HIV status, age, disability, marital status, pregnancy, ancestry, genetic information, amnesty or veteran status in hiring, admission to, participation in, or receipt of the services & benefits under any of its programs & activities whether carried out by the location directly, or through a contractor or any other entity.
What it reported doing in 2024
The center's operations includes a nursing center and retirement center for the elderly and needy. The nursing home is a 60 bed facility that is medicare and medicaid certified. The nursing home also provided physical therapy, occupational therapy, and speech therapy. During 2024 there were 20,584 bed days provided. Included in this total were 10,916 medicaid and 1,416 medicare bed days provided.
Operating model
- Revenue model
- Earned-program. 94% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.5%; rating input score 81
- Program expense ratio: 88.5%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: 7%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 11.1%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings
Details
- Where the money goes: 80.5% of revenue deployed · 88.5% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $7.2M in reported program spending
- Leadership: top reported pay $182K · 18 people listed · 2 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- 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 56/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Officer compensation ratio scored 27/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.