2025-11-07T12:16:37-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-07-01 223015416 BIRCH HILL TERRACE BIRC 6036581786 200 ALLIANCE WAY MANCHESTER NH 03102 KEVIN GOYETTE CFO 6036581786 2025-11-06 1 0 KATARZYNA O PADZIK P02268641 7819821001 2025-11-06 2024 2025-03-06 01:10:19Z RIVERWOODS MANCHESTER APRIL BOURDON 200 ALLIANCE WAY MANCHESTER NH 03102 20532120 0 X WWW.RWMANCHESTER.ORG X 1989 NH TO ESTABLISH, OWN, AND MAINTAIN A CHARITABLE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY 17 16 256 20 0 0 368210 1351640 16264674 17616126 553912 768918 0 0 17186796 19736684 533845 351885 0 0 9869353 10202537 0 0 0 10383233 10579742 20786431 21134164 -3599635 -1397480 65140228 65817304 67780588 70510564 -2640360 -4693260 X TO ENSURE HEALTHY AGING BIRCH HILL TERRACE (BH) DBA RIVERWOODS MANCHESTER (RWM) A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY (CCRC), PROMOTES AN INDEPENDENT LIFESTYLE, ENCOURAGES COMMUNITY INVOLVEMENT, PRESERVES INDIVIDUAL DIGNITY, CREATES A SPIRIT OF HARMONY, COMPASSION, UNDERSTANDING, AND TRUST. 0 0 17008748 351885 17616126 BIRCH HILL TERRACE ADOPTED THE DBA RIVERWOODS MANCHESTER (RWM) IN FY21 AND HAS BEEN AFFILIATIED WITH RIVERWOODS SINCE 2016. AS A TYPE B CONTRACT, NOT-FOR-PROFIT CONTINUING CARE COMMUNITY (CCRC) OUR PRIMARY SERVICE IS TO PROVIDE HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, AND SECURITY TO OLDER ADULTS OVER AGE 62. ON 6/30/25, THE COMMUNITY HOUSED APPROXIMATELY 190 RESIDENTS IN INDEPENDENT LIVING APARTMENTS AND 64 RESIDENTS IN ITS HEALTH CARE CENTER. DURING THE YEAR, THE HEALTH CARE CENTER SERVED ABOUTY 70 RESIDENTS ON A PERMANENT, TEMPORARY OR PER DIEM BASIS AT A SUBSTANTIALLY DISCOUNTED RATE. LIFECARE RESIDENTS RECEIVE A DISCOUNTED RATE WHEN IN THE HEALTH CENTER. THE "CONTRACTUAL ALLOWANCE" (I.E. WRITE-OFF) RELATED TO THE LEVEL OF CARE PROVIDED FOR LIFECARE CONTRACT RESIDENTS WAS $843,824 FOR FY25.AS A NOT-FOR-PROFIT CCRC, RWM HAS A BENEVOLENCE FUND TO HELP RESIDENTS WHO HAVE OUTLIVED THEIR ASSETS OR HAVE FOUND THEMSELVES UNABLE TO MAKE THEIR FINANCIAL COMMITMENT, THROUGH NO FAULT OF THEIR OWN. IF NEEDED, A RESIDENT CAN TURN TO THE RIVERWOODS BENEVOLENCE FUND, RATHER THAN PLACING FINANCIAL BURDEN ON SENIOR ASSISTANCE PROGRAMS OUTSIDE THE RIVERWOODS COMMUNITY. IN FY25, RWM PROVIDED FINANCIAL ASSISTANCE TO A TOTAL OF FOUR RESIDENTS IN THE AMOUNT OF $317,885.OUR NOT-FOR-PROFIT MISSION PROVIDES COMMUNITY, PURPOSE, AND PEACE OF MIND. ONE OF THE PRIMARY WAYS OUR RESIDENTS AND STAFF FIND PURPOSE IS THROUGH GIVING BACK TO THE COMMUNITY AND THE SURROUNDING AREA IN A NUMBER OF WAYS. RWM HAS DEEP ROOTS IN THE CITY OF MANCHESTER AND THE SURROUNDING AREA. WE BEGAN CLOSE TO 150 YEARS AGO AS THE WOMEN'S AID AND RELIEF SOCIETY AND HAVE EVOLVED AS THE NEEDS OF THE COMMUNITY HAVE CHANGED. AS ACTIVE NEIGHBORS OF THE GREATER COMMUNITY, WE SERVE THE LOCAL AREAS WITH OUR TIME, KNOWLEDGE, AND RESOURCES. IN FY25, BOTH STAFF AND RESIDENTS FOUND MANY WAYS TO GIVE BACK, SERVE OTHERS, AND SUPPORT THE LOCAL COMMUNITY BY VOLUNTEERING THEIR TIME ON LOCAL NOT-FOR-PROFIT BOARDS, VOLUNTEERING HOURS IN THEIR COMMUNITY, COLLECTING PHYSICAL DONATIONS FOR TOY AND FOOD DRIVES AND MAKING KNITTED ITEMS TO DONATE TO LOCAL ORGANIZATIONS. RWM ENCOURAGES EMPLOYEES TO VOLUNTEER DURING WORK HOURS FOR SPECIAL NOT-FOR-PROFIT PROJECTS. ANOTHER LONG-TREM PARTNERSHIP OF RWM IS WITH THE MOORE CENTER, IN MANCHESTER, WHO HELP FIND DIGNIFIED AND MEANINGFUL EMPLOYEMENT AND PURPOSE FOR PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES. WE HAVE LONG PARTNERED WITH THE MOORE CENTER CLIENTS WHO BENEFIT FROM JOB SHADOWING/INTERNSHIPS AT RIVERWOODS MANCHESTER.PART OF OUR MISSION IS NOT ONLY TO HELP IMPROVE THE EXPERIENCE OF AGING FOR AS MANY ADULTS AS POSSIBLE, BUT ALSO TO SHARE THAT KNOWLEDGE WITH OTHERS, ESPECIALLY THE YOUNGER GENERATION. EMPLOYEES REGULARLY SHARE THEIR KNOWLEDGE BY INVITING STUDENTS INTO THE RWM COMMUNITY WHO CAN LEARN FROM THE VAST KNOWLEDGE AND EXPERIENCE OF THE STAFF. OVER THE YEARS WE HAVE HOSTED STUDENTS FROM A VARIETY OF SCHOOLS AND PROVIDED INTERNSHIPS IN A VARIETY OF COURSEWORK, FROM MARKETING TO FINANCE TO SOCIAL WORK AND HEALTH CARE. A KEY OBJECTIVE OF OUR COMMUNITY IS NOT ONLY TO SHARE OUR EXPERIENCES WITH OTHERS, BUT TO LEARN FROM OTHERS IN THE INDUSTRY AT THE SAME TIME. IN THIS WAY WE CONTINUE TO INNOVATE, TO REMAIN AT THE FOREFRONT OF NEW TRENDS IN OUR INDUSTRY, AND TO RESPOND TO CHANGING CONSUMER PREFERENCES, WHILE ALSO ADVANCING THE SENIOR LIVING INDUSTRY AS A WHOLE. OUR LEADERS REGULARLY ATTEND INDUSTRY SEMINARS, PARTICIPATE IN STUDY GROUPS, AND PRESENT ON NATIONAL AND INTERNALTIONAL PANELS WITHIN OUR INDUSTRY, AS WELL AS DRAFT ARTICLES FOR LEADING PUBLICATIONS. RWM IS A STRONG COMMUNITY PARTNER AND IN ADDITION TO RESIDENT AND STAFF TIME SPENT VOLUNTEERING, RWM HAS HELPED A NUMBER OF COMMUNITY-WIDE EVENTS AND ORGANIZATIONS WITH FINANCIAL SUPPORT. RWM HAS ALSO PROVIDED SMALL HONORARIUMS/DONATIONS TO A NUMBER OF GROUPS WHO HAVE PROVIDED SPEAKERS FOR OUR ON-CAMPUS EDUCATION PROGRAMS.EDUCATION IS A VALUE HIGHLY PRIZED BY RWM RESIDENTS. IN FY25, RWM ESTABLISHED THE RIVERWOODS MANCHESTER SCHOLARSHIP FUND FOR STAFF TO PURSUE HIGHER EDUCATION. IN FY25, $34,000 WAS AWARDED TO 10 RECIPIENTS.A GROUP OF EMPLOYEES CREATED THE C.A.R.E. (CARING, AIDING AND RESPONDING TO EMPLOYEES) FUND TO ASSIST EMPLOYEES WHO DEMONSTRATE A FINANCIAL EMERGENCY BEYOND THEIR CONTROL AND PROVIDE THEM WITH LIMITED ASSISTANCE. THIS FUND CONTINUES TO BE AVAILABLE TO EMPLOYEES WHO DEMONSTRATE A NEED FOR LIMITED EMERGENCY FINANCIAL ASSISTANCE.RIVERWOODS MANCHESTER IS LOCATED IN A BEAUTIFUL RURAL AREA OF THE CITY. RESIDENTS AS WELL AS PEOPLE IN OUR SURROUNDING AREA ARE ABLE TO ENJOY WALKING THROUGH OUR CAMPUS AND ON OUR TRAILS. A GROUP OF RWM RESIDENTS ARE DEDICATED TO KEEPING THE GARDENS AND TRAILS IN THEIR COMMUNITY IN PERFECT CONDITION. THE GARDENING, GROUNDS, AND PLANT CARE GROUP DEDICATE SEVERAL HOURS PER WEEK TO WEEDING, PRUNING, AND WATERING PLANTS AND BEDS AROUND THE CAMPUS FOR OTHERS TO ENJOY. 17008748 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 115 0 1 256 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NH X SHELLY CRAIG SENIOR DIRECTOR OF FINANCE 6036583007 121 TECHNOLOGY DRIVE SUITE A105 DURHAM NH 03824 JUSTINE VOGEL CEO 0.50 39.50 X 0 518164 30473 SUSAN DESJARDINS CHAIR 0.50 1.50 X X 0 0 0 REBECCA SMITH VICE CHAIR 0.50 1.50 X X 0 0 0 MICHAEL HICKEY TREASURER 0.50 1.50 X X 0 0 0 DEBORAH KARMOZYN CLERK AND RESIDENT TRUSTEE 0.50 1.50 X X 0 0 0 DAN CHARTRAND TRUSTEE 0.50 1.50 X 0 0 0 KIRSTEN CORAZZINI TRUSTEE 0.50 1.50 X 0 0 0 TOM DONOVAN TRUSTEE 0.50 1.50 X 0 0 0 DEBBY MILLER TRUSTEE 0.50 1.50 X 0 0 0 PATRICK PARISI TRUSTEE 0.50 1.50 X 0 0 0 WALTER BURGIN RESIDENT TRUSTEE 0.50 1.50 X 0 0 0 RALPH RAGUCCI RESIDENT TRUSTEE 0.50 1.50 X 0 0 0 BILL STAFFORD RESIDENT TRUSTEE 0.50 1.50 X 0 0 0 GARY RICHARDSON AT LARGE TRUSTEE (JOINED SEPT. 2024) 0.50 1.50 X 0 0 0 MARIA MONGAN TRUSTEE (JOINED JUNE 2025) 0.50 1.50 X 0 0 0 STEVE RENO TRUSTEE (JOINED JUNE 2025) 0.50 1.50 X 0 0 0 HEATHER WHITFIELD TRUSTEE (JOINED JUNE 2025) 0.50 1.50 X 0 0 0 KIMBERLY GASKELL VP OF OPERATIONS 4.00 36.00 X 0 287089 10239 APRIL BOURDON EXECUTIVE DIRECTOR 39.75 0.25 X 212834 0 35759 KAREN MCDONALD NURSE PRACTITIONER 40.00 0.00 X 146641 0 14210 JENNIFER SAWYER TORGERSEN SR. LIVING CONSULTANT 40.00 0.00 X 118055 0 16367 LIGAYA BAKER-SWEENEY NURSE LEADER LPN 40.00 0.00 X 126402 0 1471 DONNA HANNON DIRECTOR OF HEALTH SERVICES 40.00 0.00 X 138413 0 12436 BERNADETTE CRENSHAW ASST. DIRECTOR OF HEALTH SERVICES 40.00 0.00 X 120741 0 5109 863086 805253 126064 19 0 1 0 THE RIVERWOODS GROUP 121 TECHNOLOGY DRIVE SUITE A105 DURHAM NH 03824 MANAGEMENT, FINANCE, ADMIN & IT SERVICES 1569620 TURN CYCLE SOLUTIONS 9 POND ST NASHUA ME 03060 CONSTRUCTION SERVICES 640754 SOUTH COAST IMPROVEMENT COMPANY 13 MARCONI LN MARION MA 02738 CONSTRUCTION SERVICES 473061 STEPHEN H CARUSO 43 CHAMPAGNE AVENUE LACONIA NH 03246 CONSTRUCTION SERVICES 366253 ACCURATE LANDSCAPE AND SNOW 999 CANDIA RD UNIT 5 MANCHESTER NH 03109 LANDSCAPING AND SNOW REMOVAL 282884 16 243757 941442 166441 1351640 RESIDENTIAL SERVICE FEES 623000 9322936 9322936 HEALTH CENTER FEES 623000 6206612 6206612 EARNED MEMBERSHIP FEES 623000 2071670 2071670 OTHER OPERATING REVENUE 623000 14908 14908 17616126 395187 395187 1169167 791884 3552 377283 -3552 373731 373731 19736684 17616126 0 768918 351885 351885 234614 117307 117307 8335451 7531384 804067 90264 73328 16936 914426 737926 176500 627782 502226 125556 338491 338491 1050 1050 34058 34058 27089 27089 1745889 763296 982593 28034 20430 7604 125689 109274 16415 755472 457810 297662 1108974 942628 166346 33845 33845 501071 425910 75161 4110096 3493582 616514 323343 274915 48428 FOOD & DIETARY SUPPLIES 907462 789492 117970 REPAIRS AND MAINTENANCE 241209 206791 34418 OTHER EMPLOYEE EXPENSES 160615 110182 50433 RESIDENT EXPENSES 84903 80283 4620 52452 20099 32353 21134164 17008748 4125416 0 4634983 4746838 957582 120424 259379 35493 24082 110594 109047 92636221 42213350 51536650 50422871 7339815 8260805 1362269 1036700 65140228 65817304 1926859 1916299 14542585 14863567 13152358 11946647 34244 23485 38124542 41760566 67780588 70510564 X -2641360 -4694260 1000 1000 -2640360 -4693260 65140228 65817304 X -1397480 291356 -946776 X X 0 1 X 1 0 X 877141 686317 388623 368210 1351640 3671931 11252435 12182477 14274496 16264674 17616126 71590208 12129576 12868794 14663119 16632884 18967766 75262139 275771 358539 307686 292835 306493 1541324 86955 57423 144378 362726 415962 307686 292835 306493 1685702 73576437 111314 163920 296944 508784 395187 1476149 111314 163920 296944 508784 395187 1476149 12240890 13032714 14960063 17141668 19362953 76738288 0.95880 0.95670 0.01920 0.01710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2627155 2627155 83457365 37690603 45766762 6227811 4522747 1705064 323890 323890 50422871 REFUNDABLE ENTRANCE FEE LIABILITY 36827087 DUE TO RELATED ORGANIZATIONS 3625779 WAIT LIST DEPOSITS 1307700 41760566 X PART X, LINE 2: RIVERWOODS MANCHESTER IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. 1 SCHOLARSHIPS 10 34000 MONTHLY FEE BENEVOLENCE ASSISTANCE 4 317885 PART I, LINE 2: WHEN A REQUEST IS MADE FOR BENEVOLENCE, THE DIRECTOR OF ACCOUNTING WILL MEET WITH THE RESIDENT AND/OR THEIR REPRESENTATIVES TO DISCUSS THE SITUATION. THE DIRECTOR OF ACCOUNTING WILL REQUIRE UPDATED FINANCIAL INFORMATION IN ORDER TO ASSESS THE VALIDITY OF THE REQUEST. THE DIRECTOR OF ACCOUNTING WILL PRESENT THE FINDINGS TO THE BOARD, PROTECTING THE ANONYMITY OF THE RESIDENT. THE DIRECTOR OF ACCOUNTING WILL PROVIDE THE BOARD WITH SIGNIFICANT ITEMS SUCH AS: -THE REASONABLENESS OF THE REQUEST, BASED UPON THE REVIEW -WHETHER OR NOT, IN HER/HIS JUDGEMENT, THE RESIDENT HAS PERSONALLY IMPOVERISHED HERSELF/HIMSELF -IF RWM HAS SUFFICIENT RESOURCES TO FUND THE BENEVOLENCE REQUEST THE DIRECTOR OF ACCOUNTING WILL PROVIDE A MEMO TO THE BOARD SEEKING FINAL APPROVAL OF THE BENEVOLENCE REQUEST. ON AT LEAST AN ANNUAL BASIS, THE DIRECTOR OF ACCOUNTING PROVIDES A "BENEVOLENCE TRACKER" TO THE FINANCE COMMITTEE, DETAILING THE ANONYMOUS INFORMATION ON CURRENT RESIDENT DRAWS OF FINANCIAL ASSISTANCE. EMPLOYEES ARE ELIGIBLE TO APPLY FOR A SCHOLARSHIP. WHEN SCHOLARSHIPS ARE AWARDED, THE CHECKS ARE MADE PAYABLE TO THE COLLEGE OR UNIVERSITY FOR THE BENEFIT OF THE STUDENT. THE CHECKS ARE MAILED DIRECTLY BY RWM TO THE INSTITUTION WHICH ENSURES THE FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSES. X X X X X 0 0 0 0 0 0 0 1 0 JUSTINE VOGEL CEO 0 433755 0 52881 0 31528 0 12801 0 17672 0 548637 0 0 KIMBERLY GASKELL VP OF OPERATIONS 0 222945 0 22972 0 41172 0 6940 0 3299 0 297328 0 0 APRIL BOURDON EXECUTIVE DIRECTOR 154657 0 41274 0 16903 0 4099 0 31660 0 248593 0 0 0 KAREN MCDONALD NURSE PRACTITIONER 130081 0 14186 0 2374 0 3872 0 10338 0 160851 0 0 0 DONNA HANNON DIRECTOR OF HEALTH SERVICES 126654 0 5219 0 6540 0 0 0 12436 0 150849 0 0 0 PART I, LINE 3 ALL RELATED PARTY COMPENSATION DISCLOSED ON SCHEDULE J, PART II IS 501(C)(3) SUPPORTING ORGANIZATION. TRWG USES THE FOLLOWING TO EVALUATE CONSULTANT, FORM 990S OF OTHER LIKE ORGANIZATIONS, A COMPENSATION INDEPENDENT COMPENSATION CONSULTANT REVIEWS THE CEO COMPENSATION PACKAGE COMPENSATION PAID BY THE RIVERWOODS GROUP (TRWG), A RELATED IRC SECTION COMPENSATION: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION SURVEY/STUDY AND APPROVAL BY THE TRWG BOARD/COMPENSATION COMMITTEE. THE FOR REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS RULE (IRS SECTION 4598). PART I, LINE 7 ANY BONUS PAYMENT IS UP TO THE DISCRETION OF THE EMPLOYEE'S SENIOR LEADER. ANY BONUSES PAID TO SENIOR LEADERSHIP ARE ALSO SUBJECT TO REVIEW BY THE EXECUTIVE DIRECTOR AND/OR TRWG CEO. THE BONUS DETERMINATION IS BASED ON AN ANALYSIS OF THE EMPLOYEE'S PERFORMANCE DURING THE YEAR AND IS SUBJECT TO THE BUDGETARY CONSTRAINTS OF THE ORGANIZATION. THE BONUS PAID WAS INCLUDED IN 2024 W-2 COMPENSATION, AND AS SUCH IS REPORTED ON FORM 990, PART VII, COLUMNS D AND E, AND SCHEDULE J, PART II, COLUMN B(II) AS FOLLOWS: JUSTINE VOGEL, CEO - $52,881 KIMBERLY GASKELL, VP OF OPERATIONS - $22,972 APRIL BOURDON, EXECUTIVE DIRECTOR - $41,274 KAREN MCDONALD, NURSE PRACTITIONER - $14,186 DONNA HANNON, DIRECTOR OF HEALTH SERVICES - $5,219 JENNIFER SAWYER TORGERSEN - $27,794 LIGAYA BAKER-SWEENEY, NURSE LEADER LPN - $15,492 BERNADETTE CRENSHAW, ASST. DIRECTOR OF HEALTH SERVICES - $1,254 A NEW HAMPSHIRE HEALTH & EDUCATION FACILITIES AUTHORITY 020279866 2016-07-08 12680000 REFUND SERIES 1994 BONDS AND PLANNED CAPITAL PROJECTS 0 0 0 B NEW HAMPSHIRE HEALTH & EDUCATION FACILITIES AUTHORITY 020279866 2021-11-16 8000000 TO FUND THE COSTS OF CONSTRUCTION 0 0 0 A 8481130 12680000 243432 4020075 8416493 2016 1 0 1 1 B 62324 8000000 160000 7840000 2023 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 M&T BANK 1.000000000000 0 0 0 0 1 B 0 1 0 0 1 1 M&T BANK 11.320000000000 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: NEW HAMPSHIRE HEALTH & EDUCATION FACILITIES AUTHORITY DATE THE REBATE CALCULATION WAS PERFORMED: 07/08/2021 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE WILL BE COMPOSED OF THE OFFICERS OF THE BOARD AND WILL EXERCISE THE FULL AUTHORITY OF THE BOARD OF TRUSTEES BETWEEN MEETINGS AND WILL REPORT ITS ACTIONS AT EACH MEETING. MEMBERS OF THE BOARD OF TRUSTEES WILL NOT RECEIVE COMPENSATION FOR THEIR SERVICES AS TRUSTEES; HOWEVER, A MEMBER OF THE BOARD OF TRUSTEES MAY RECEIVE REIMBURSEMENT OF DIRECT OUT-OF-POCKET EXPENSES FOR EFFORTS MADE ON BEHALF OF RWM. FORM 990, PART VI, SECTION A, LINE 2 OFFICER KIMBERLY GASKELL, VP OF OPERATIONS HAS A BUSINESS RELATIONSHIP WITH DIRECTOR JUSTINE VOGEL, CEO BECAUSE THEY ARE EMPLOYED BY A RELATED ORGANIZATION OF WHICH THE OFFICER AND DIRECTOR ALSO SERVE. FORM 990, PART VI, SECTION A, LINE 3 THE RIVERWOODS GROUP (TRWG), A RELATED PARTY, PROVIDES OVERSITE TO THE OVERALL FRAMEWORK OF RWM. TRWG PRIMARILY PROVIDES ADMINISTRATIVE SERVICES TO RWM WHICH DO NOT INVOLVE ANY SIGNIFICANT MANAGERIAL DECISION MAKING, BUT TRWG DOES HAVE ULTIMATE AUTHORITY AND RESPONSIBILITY FOR RWM'S BUDGET. RWM PAID TRWG A MANAGEMENT FEE OF $338,491, ADMINISTRATIVE FEE OF $806,421, AND IT FEES OF $424,708 FOR ALL SERVICES RENDERED DURING THE TAX YEAR. COMPENSATION PAID TO OFFICERS AND/OR KEY EMPLOYEES OF RWM BY TRWG IS NOT CONSIDERED TO BE A COMPONENT OF THE MANAGEMENT FEE. ANY COMPENSATION PAID BY TRWG IS AS AN EMPLOYEE OF TRWG; AS REQUIRED THIS COMPENSATION IS DISCLOSED OF FORM 990, PART VII, COLUMN (E) AND (F) AS WELL AS ON SCHEDULE J, PART II AS COMPENSATION FROM A RELATED ORGANIZATION; NO COMPENSATION IS DEEMED TO HAVE BEEN PAID BY RWM TO THESE INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 6 TRWG, AN IRC SECTION 501(C)(3) SUPPORTING ORGANIZATION, IS THE SOLE MEMBER OF RWM. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER HAS THE AUTHORITY TO ELECT ALL BOARD TRUSTEES FROM THE NOMINEES PRESENTED TO THE MEMBER BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS BY THE BOARD OF TRUSTEES MUST BE APPROVED BY THE MEMBER BEFORE IT BECOMES EFFECTIVE: (A) REMOVAL OF A MEMBER OF THE BOARD TRUSTEES; (B) FINAL ADOPTION OF, AND ANY APPROVAL OF A MATERIAL DEVIATION FROM, THE ANNUAL AND ANY REVISED OPERATING AND CAPITAL BUDGETS OF RWM; (C) FINAL ADOPTION, AND ANY APPROVAL OF A MATERIAL MODIFICATION, OF RWM'S STRATEGIC PLAN; (D) TRANSFER TO ANY PERSON OR ORGANIZATION, WITH OR WITHOUT CONSIDERATION, DURING ANY TWELVE (12) MONTH PERIOD OF TANGIBLE, INTANGIBLE OR MIXED ASSETS WITH A VALUE IN EXCESS OF $100,000; (E) ANY SINGLE INCURRENCE, OR CUMULATIVE INCURRENCES IN ANY TWELVE (12) MONTH PERIOD, OF INDEBTEDNESS BY RWM IN EXCESS OF $100,000; (F) SALE, LEASE OR EXCHANGE OF ANY MATERIAL PORTION OF THE ASSETS OF, OR THE STATUTORY MERGER, CONSOLIDATION, CORPORATE DIVISION, DISSOLUTION, OR LIQUIDATION OF, RWM OR ANY SUBSIDIARY; (G) ACQUISITION BY RWM OF SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER ENTITY; (H) APPOINTMENT OF A FIRM OF INDEPENDENT PUBLIC ACCOUNTANTS TO CONDUCT AN INDEPENDENT AUDIT OF RWM'S FINANCIAL STATEMENTS OR A SPECIAL PROJECT WHICH MATERIALLY IMPACTS ASSETS, REVENUES OR OPERATIONS; (I) THE PARTICIPATION BY RWM OR ANY SUBSIDIARY IN A KEY STRATEGIC RELATIONSHIP ENTERED INTO WITH AN ORGANIZATION THAT IS NOT A "PARTICIPANT ORGANIZATION", AS SUCH TERMS IS DEFINED IN THE MEMBER'S BYLAWS; (J) APPOINTMENT, EVALUATION, AND COMPENSATION OR TERMINATION OF THE EXECUTIVE DIRECTOR OF RWM; (K) ELIMINATION OR ADDITION BY RWM OR ANY SUBSIDIARY OF ANY LINE OF BUSINESS OR SERVICE OR PROGRAM WITH ACTUAL OR PROJECTED REVENUES IN EXCESS OF ONE PERCENT (1%) OF THE TOTAL BUDGETED REVENUE; (L) THE AMENDEMENT OF THE ARTICLES OF AGREEMENT, BYLAWS OR OTHER GOVERNING DOCUMENTS OF RWM WHERE SUCH PROPSED AMENDMENT WOULD (I) IMPACT THE POWERS RESERVED TO THE MEMBER IN THESE BYLAWS, (II) REASONABLY EXPECT TO HAVE ANY MATERIAL STRATEGIC, COMPETITIVE OR FINANCIAL IMPACT ON ONE OR MORE PARTICIPANT ORGANIZATIONS OR ON THE SYSTEM AS A WHOLE, OR (III) IMPACT THE OBLIGATIONS OF RWM UNDER ANY AGREEMENT BETWEEN OR AMONG THE PARTICIPANT ORGANIZATIONS; (M) THE EXERCISE OF RWM'S RESERVED POWERS OVER ITS SUBSIDIARIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY TAX ADVISORS OF A NATIONAL ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. RWM HAS DELEGATED THE REVIEW OF THE FORM 990 TO TRWG'S AUDIT COMMITTEE. AFTER REVIEW BY TRWG'S AUDIT COMMITTEE, A FULL COPY OF THE FINAL FORM 990 IS POSTED TO THE BOARD PORTAL, PROVIDING THE ORGANIZATION'S BOARD THE OPPORTUNITY TO REVIEW THE FINAL DRAFT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE IS SENT TO ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE QUESTIONNAIRE IS PREPARED AND AFFIRMATIVE ANSWERS ARE REVIEWED BY RWM'S LEGAL COUNSEL. NO TRUSTEE SHALL PARTICIPATE AS A MEMBER OF THE BOARD IN ANY DECISION AFFECTING THAT TRUSTEE'S PERSONAL FINANCIAL WELFARE OR THE FINANCIAL WELFARE OF ANY OTHER PERSON, ORGANIZATION OR INSTITUTION WITH WHICH THAT TRUSTEE IS AFFILIATED AS AN OWNER, EMPLOYEE, BOARD MEMBER, OR STOCKHOLDER. THIS SHALL NOT PRECLUDE A TRUSTEE FROM VOTING ON MATTERS AFFECTING THE OPERATION OF RWM FOR THE SOLE REASON THAT A FAMILY MEMBER IS A RESIDENT OF THE FACILITY. IN THE EVENT A TRUSTEE HAS SUCH A CONFLICT IN A MATTER WHICH IS BEING EXPOUNDED, DELIBERATED AND/OR VOTED UPON BY THE BOARD, SAID TRUSTEE SHALL ABSENT HIMSELF/HERSELF FROM THE BOARD, AND IF THE BOARD MEETING IS NOT OPEN TO THE PUBLIC AT LARGE, SHALL ABSENT HIMSELF/HERSELF FROM THE MEETING ROOM FOR THE TIME PERIOD DURING WHICH THE TOPIC IS UNDER DELIBERATION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY IS SET ANNUALLY BASED ON A COLLABORATIVE DECISION MADE INVOLVING THE CEO, VP OF OPERATIONS, AND VP OF HUMAN RESOURCES AFTER REVIEWING THE RESULTS OF A SALARY MARKET ANALYSIS CONDUCTED BY A THIRD-PARTY COMPENSATION CONSULTING COMPANY. CONSIDERATION IS GIVEN TO THE FOLLOWING DURING THIS PROCESS: -PREVAILING RATES FOR SIMILAR WORK IN OTHER SIMILAR INSTITUTIONS -NATIONAL, REGIONAL, AND LOCAL SALARY PATTERNS -APPLICABLE LEGAL REQUIREMENTS -STANDARDS ESTABLISHED BY PROFESSIONAL ORGANIZATIONS -THE FINANCIAL STATUS OF RIVERWOODS THE EXECUTIVE DIRECTOR'S SALARY WAS MOST RECENTLY SET IN FY25 FOLLOWING THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN THE FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -314,776. SYSTEM DEVELOPMENT FEE -632,000. THE RIVERWOODS GROUP 121 TECHNOLOGY DRIVE SUITE A105 DURHAM NH 03824 451450956 FURTHER THE MISSIONS OF THE RIVERWOODS GROUP MEMBERS NH 501(C)(3) LINE 12A, I N/A 0 THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE 7 RIVERWOODS DRIVE EXETER NH 03833 020400703 ESTABLISH, OWN AND MAINTAIN CONTINUING CARE RETIREMENT COMMUNITIES NH 501(C)(3) LINE 10 THE RIVERWOODS GROUP 1 RIVERWOODS DURHAM 14 STONE QUARRY DRIVE DURHAM NH 03824 820719418 ESTABLISH, OWN AND MAINTAIN CONTINUING CARE RETIREMENT COMMUNITIES NH 501(C)(3) LINE 10 THE RIVERWOODS GROUP 1 WOMEN'S AID HOME DBA PEARL MANOR 200 ALLIANCE WAY MANCHESTER NH 03102 020222249 PROVIDE SUPPORT FOR BIRCH HILL TERRACE NH 501(C)(3) PF BIRCH HILL TERRACE 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 WOMEN'S AID HOME DBA PEARL MANOR C 243757 COST WOMEN'S AID HOME DBA PEARL MANOR E 920289 OUTSTANDING AT YEAR-END