NEWBRIDGE ON THE CHARLES INC Charity Report

Public IRS 990 nonprofit record

NEWBRIDGE ON THE CHARLES INC

EIN 38-3707573 · Supportive Housing for Older Adults (P75)

What they do

In The Spirit of The Fifth Commandment, As Illuminated By The Traditions of The Jewish People, Our Mission is to Honor Our Elders, By Respecting and Promoting Their Independence, Spiritual Vigor, Dignity and Choice, and By Recognizing That Seniors Are A Resource to Be Cherished. (Continued On Schedule O)

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

88.03%of revenue went to mission work81.2% of expenses · Program services

$108.47spent for every $100 of revenueSpending was higher than revenue this year.

20.44%of revenue went to management and office costs18.8% of expenses

$3.86in assets for every $1 spent this yearSome assets cannot be spent right away.

0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $5,199,770 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $314,728 for MATTHEW W HOLLINGSHEAD (EXECUTIVE DIRECTOR, NBOC). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$61,385,691

Mission workProgram services$54,040,53688.03% of revenue81.2% of expenses

ManagementOffice and general costs$12,544,92520.44% of revenue18.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$66,585,461108.47% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 81.2% mission · 18.8% management · 0.0% fundraisingTotal expenses: 108.47% of revenue

2022Expense mix: 81.8% mission · 18.2% management · 0.0% fundraisingTotal expenses: 127.98% of revenue

2021Expense mix: 77.6% mission · 22.4% management · 0.0% fundraisingTotal expenses: 124.25% of revenue

2020Expense mix: 79.1% mission · 20.9% management · 0.0% fundraisingTotal expenses: 120.98% of revenue

2019Expense mix: 86.7% mission · 13.3% management · 0.0% fundraisingTotal expenses: 123.03% of revenue

2018Expense mix: 87.2% mission · 12.8% management · 0.0% fundraisingTotal expenses: 118.04% of revenue

2017Expense mix: 86.8% mission · 13.2% management · 0.0% fundraisingTotal expenses: 118.83% of revenue

2016Expense mix: 79.6% mission · 20.4% management · 0.0% fundraisingTotal expenses: 130.43% of revenue

Money in and money out

Revenue$61,385,691

Expenses$66,585,461

Annual shortfall $5,199,770 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$54,040,536 · 81.2% of expenses

Management and office costs$12,544,925 · 18.8% of expenses

See all reported dollar amounts

Revenue$61,385,691

Expenses$66,585,461

Assets$257,198,323

Income$61,385,691

Contributions$2,000

Mission work (program services)$54,040,536

Management and general$12,544,925

Executive compensation (total)$192,635

Accounting fees$53,418

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MATTHEW W HOLLINGSHEADEXECUTIVE DIRECTOR, NBOC · 45 hrs/week $314,728Base $237,808 · Other $76,920

RHONDA D GLYMANEXECUTIVE DIRECTOR, ASSISTED LIVING NBOC · 45 hrs/week $205,506Base $204,243 · Other $1,263

FERNANDO A RODRIGUESDIRECTOR OF FACILITIES · 45 hrs/week $199,818Base $135,395 · Other $64,423

VICTOR M FURTADODIRECTOR OF COMMUNITY SECURITY INITIATIVES · 45 hrs/week $181,600Base $120,209 · Other $61,391

JOSHUA L FERRARODIRECTOR OF FOOD AND BEVERAGE · 45 hrs/week $146,550Base $103,238 · Other $43,312

GARY JAMES TSACOYIANISCHIEF FACILITIES ENGINEER · 45 hrs/week $125,804Base $114,164 · Other $11,640

JOHN BERNARDOSECURITY SYSTEMS TECHNICIAN · 45 hrs/week $123,503Base $112,564 · Other $10,939

LEWIS LIPSITZ MDDIR, HMIFAR & CHIEF ACAD. OFF · 1 hrs/week $93,718Base · Other $93,718

ERIC ROGERSCHIEF INFORMATION OFFICER · 4 hrs/week $87,189Base · Other $87,189

LOUIS J WOOLFPRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO · 4 hrs/week $84,903Base · Other $84,903

KATHYRN W TASKERCHIEF SPONSORED AWARDS OFFICER · 1 hrs/week $84,279Base · Other $84,279

JAMES D HARTSECRETARY & CHIEF FIN. OFFICER · 4 hrs/week $82,599Base · Other $82,599

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

MATTHEW W HOLLINGSHEADEXECUTIVE DIRECTOR, NBOC

RHONDA D GLYMANEXECUTIVE DIRECTOR, ASSISTED LIVING NBOC

FERNANDO A RODRIGUESDIRECTOR OF FACILITIES

VICTOR M FURTADODIRECTOR OF COMMUNITY SECURITY INITIATIVES

JOSHUA L FERRARODIRECTOR OF FOOD AND BEVERAGE

GARY JAMES TSACOYIANISCHIEF FACILITIES ENGINEER

JOHN BERNARDOSECURITY SYSTEMS TECHNICIAN

LEWIS LIPSITZ MDDIR, HMIFAR & CHIEF ACAD. OFF

ERIC ROGERSCHIEF INFORMATION OFFICER

LOUIS J WOOLFPRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO

KATHYRN W TASKERCHIEF SPONSORED AWARDS OFFICER

JAMES D HARTSECRETARY & CHIEF FIN. OFFICER

TAMMY B RETALIC MS RNCHIEF NURSING OFF. & VP PCS

LINDA THOMPSONCHIEF PEOPLE OFFICER

RACHEL LERNER ESQUIREGEN. CNSL. & CHIEF COMP. OFF

SARAH L SYKORACHIEF COMM. & PLAN OFFICER

KIMBERLY J BROOKSCHIEF OP. OFFICER, SEN LIVING

MANDEL I ERNEST MDCHIEF MEDICAL OFFICER

KATELYN QUYNNCHIEF DEV OFF & VP BOARD REL

MARY MOSCATO FACHEPRESIDENT, HSL HC SVCS. & HRC

STEVEN LANDERSPRESIDENT AND CEO (7/2023 - 5/2024)

MARSHA COHENTREASURER

MELISSA BAYER TEARNEYBOARD CHAIR (THRU 9/30/23)

RICHARD J HENKENCHAIR ELECT (EFFECTIVE 10/1/23)

About this charity

Recognized since: January 2005
Location: 1200 Centre Street, Boston, MA 02131
County: Suffolk
In care of: Louis J Woolf
Primary officer: Louis J Woolf, President & CEO

How to reach them

WebsiteVisit the charity’s website Phone(617) 325-8000

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Supportive Housing for Older Adults (P75)
IRS tax category: Supportive Housing for Older Adults