Peterborough Retirement Community at Upland Farm Inc

Nonprofit profile at a glance

EIN
020446675
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Peterborough, NH, USA
Phone
6039240062
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$38,049,817
Expenses
$30,936,331
Assets
$115,277,809
Liabilities
$122,780,498

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • LARISA M SHEA (CEO)

Highest reported compensation

  • LARISA M SHEA (CEO): $378,072 total reported compensation
  • MARTIN J CONLEY III (CHIEF FINANCIAL OFFICER): $310,358 total reported compensation
  • SHERRY GAUTHIER (DIRECTOR OF RESIDENT SERVI): $195,644 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Rivermead is a progressive not-for-profit continuing care retirement community that advocates for an enriched lifestyle with cultural and educational opportunities. Continued on schedule "o".we continuously strive to provide high-quality, holistic lifecare programs, and healthcare services in a financially responsible manner. In serving this commitment, we seek to provide a positive and supportive work environment.

What it reported doing in 2025

Rivermead has independent living, assisted living and memory support residences available to individuals aged 62 and older. These residences are available under a lifecare contract, which guarantees residents access to dining, healthcare, programming, and other services for the entirety of their lives. Rivermead has never terminated a residence and services agreement solely based upon a resident's inability to pay his or her monthly fee in full. In 2025, rivermead provided $179,000 in charitable assistance to residents.continued on schedule o.rivermead is committed to providing quality programs, services, and amenities to enrich residents' lives including exceptional dining experiences, therapy services, home health services, housekeeping, maintenance services, a wellness center, an indoor pool, transportation, two libraries, a movie theater, a woodworking shop, a green house, an art gallery, walking trails, croquet courts, bocce courts, and raised garden beds.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% 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. Liabilities are high compared with assets and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 81
  • Accountability: 100
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69%; rating input score 69
  • Program expense ratio: 88.4%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • 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: 95.6%; rating input score 96; 34th 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; 64th 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: 18.7%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 3.73; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 1.07; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 4.7% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 6.8% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 3.8% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 69% of revenue deployed · 88.4% of spending went to programs
  • Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $27.3M in reported program spending
  • Leadership: top reported pay $378K · 23 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.5M reported
  • Consistency: 36 of 38 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • 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.
  • Review — Sustainability: Officer compensation ratio scored 58/100.