Aldersbridge Communities
Legal name: Linn Health and Rehabilitation Fka United Methodist Health Care Center
Nonprofit profile at a glance
- EIN
- 050500899
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- East Providence, RI, United States
- Phone
- (401) 438-4456
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Health Systems
- Affiliation
- Christianity
Reported finances
- Revenue
- $4,145,562
- Expenses
- $8,429,587
- Assets
- $2,453,597
- Liabilities
- $2,008,285
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- MICHAEL COLE (PRESIDENT)
- LAUREN A FLORIO (VICE PRESIDENT)
- RICHARD GAMACHE (CEO)
Highest reported compensation
- RICHARD GAMACHE (CEO): $255,103 total reported compensation
- JAMIE SANFORD (ADMINISTRATOR): $146,195 total reported compensation
- JOSEPH DURAND (CFO): $144,576 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To serve elders living in assisted and independent living and memory care communities, and those being served by physical therapy, rehabilitation and navigator healthcare management services.
What it reported doing in 2024
On june 25th of 2024, linn health converted from a nursing facility to an assisted living memory care facility under d/b/a the loft at linn memory care.for the period 1/1/24 to 6/24/24 there were 8,959 bed nursing facility days provided, of which 26 were medicare patients and 7,644 were medicaid patients.for the period 6/25/24 to 12/31/24 there were a total of 4,291 assisted living days provided of which 3,472 were to medicaid residents.total service income is $3,491,487.00 of which $849,727.00 is from the loft at linn memory care.
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 12
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -103.3%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0.82; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 3.8%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 3.5% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 14th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 19th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 3 operating locations identified
- Where the money goes: 100% of revenue deployed · 84% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.1M in reported program spending
- Leadership: top reported pay $255K · 21 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $422K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 5 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.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.