2025-11-07T12:12:10-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-07-01 820719418 RIVERWOODS DURHAM RIVE 6036581786 14 STONE QUARRY DRIVE DURHAM NH 03824 KEVIN GOYETTE CFO 6036581786 2025-11-06 1 0 KATARZYNA O PADZIK P02268641 7819821001 2025-11-06 2024 2025-03-06 01:10:19Z NATALEE BELANGER 14 STONE QUARRY DRIVE DURHAM NH 03824 26795534 0 X WWW.RIVERWOODSDURHAM.ORG X 2017 NH TO ESTABLISH, OWN, AND MAINTAIN A CHARITABLE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY 17 16 296 35 0 0 188042 1178569 20979424 21257057 1594078 2628229 71800 89197 22833344 25153052 21500 79610 0 0 11430025 11140968 0 0 0 13153884 13256109 24605409 24476687 -1772065 676365 126610427 129601259 150813709 152217162 -24203282 -22615903 X THE MISSION OF RIVERWOODS DURHAM (RWD) IS TO ESTABLISH, OWN, AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WHICH PROVIDES HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY, AND OTHER ANCILLARY SERVICES TO ELDERLY PERSONS. 0 0 19051772 79610 21257057 RIVERWOODS DURHAM (RWD) HAS ONE PRIMARY PROGRAM SERVICE, TO ESTABLISH, MANAGE AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY, AND OTHER ANCILLARY SERVICES TO OLDER ADULTS OVER AGE 62. ON JUNE 30, 2025, THE COMMUNITY HOUSED APPROXIMATELY 200 RESIDENTS IN INDEPENDENT APARTMENTS AND 62 RESIDENTS IN OUR HEALTH CARE CENTER. OVER THE COURSE OF THE YEAR THE HEALTH CARE CENTER SERVED APPROXIMATELY 78 RESIDENTS ON A PERMANENT, TEMPORARY OR PER DIEM BASIS AT A SUBSTANTIALLY DISCOUNTED RATE. THE CONTRACTUAL ALLOWANCE (I.E. WRITE-OFF) RELATED TO THE LEVEL OF CARE PROVIDED FOR LIFECARE CONTRACT RESIDENTS WAS $4,083,486 FOR FY25. CONTINUED ON SCHEDULE O. AS A NOT-FOR-PROFIT CCRC, RWD 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.WOVEN INTO THE FABRIC OF OUR FOUNDING PRINCIPLES IS A COMMITMENT TO THE LOCAL COMMUNITY: "TO BE A RESPONSIBLE COMMUNITY THAT PARTICIPATES IN THE LIFE OF THE LARGER COMMUNITY AROUND IT." WE CONSIDER OURSELVES NEIGHBORS OF THE LOCAL COMMUNITY, AND WE ARE DEDICATED TO SERVING THE NEW HAMPSHIRE SEACOAST AREA BOTH WITH OUR TIME, KNOWLEDGE, AND THROUGH OUR 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 AND COLLECTING PHYSICAL DONATIONS FOR TOY, FOOD, AND CLOTHING DRIVES. 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 RWD 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. SINCE RIVERWOODS OPENED ITS DOORS, A KEY OBJECTIVE HAS NOT ONLY BEEN 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. RWD IS A STRONG COMMUNITY PARTNER AND IN ADDITION TO RESIDENT AND STAFF TIME SPENT VOLUNTEERING, RWD HAS HELPED A NUMBER OF COMMUNITY-WIDE EVENTS AND ORGANIZATIONS WITH FINANCIAL SUPPORT. RWD 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 RWD RESIDENTS. IN FY22, SCHOLARSHIP FUNDS WERE ESTABLISHED FOR RWD STAFF. IN FY25 $25,500 OF SCHOLARSHIPS WERE DISTIBUTED TO 11 EMPLOYEES.C.A.R.E. STANDS FOR CARING, AIDING, AND RESPONDING TO EMPLOYEE'S FINANCIAL NEEDS. THE C.A.R.E. FUND WAS ESTABLISHED BY EMPLOYEES TO ASSIST EMPLOYEES OF RIVERWOODS WHO DEMONSTRATE A FINANCIAL EMERGENCY BEYOND THEIR CONTROL AND PROVIDE THEM WITH LIMITED ASSISTANCE. 19051772 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 0 0 0 1 89 0 1 296 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 FI 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 6.00 34.00 X 0 287089 10239 NATALEE BELANGER EXECUTIVE DIRECTOR 40.00 0.00 X 182685 0 7948 HOLLY MOON NURSE LEADER RN 40.00 0.00 X 138553 0 10495 PATRICIA MCDONOUGH-DOANE LPN 40.00 0.00 X 120772 0 183 KAITLIN KNAPP NURSE PRACTITIONER 40.00 0.00 X 151049 0 8389 DEVLIN LOCKLEY DIRECTOR OF ENVIRONMENTAL SERVICES 40.00 0.00 X 123896 0 3561 SAMANTHA LAGACE DIRECTOR OF HEALTH SERVICES 40.00 0.00 X 128351 0 4931 845306 805253 76219 13 0 1 0 THE RIVERWOODS GROUP 121 TECHNOLOGY DRIVE SUITE A105 DURHAM NH 03824 MANAGEMENT, FINANCE, ADMIN & IT SERVICES 2083285 PHILLIP J ENTERPRISES 7 INDUSTRIAL WAY 4 SALEM NH 03079 CARPET/FLOORING 293822 INTELYCARE 2005 MARKET STREET 5TH FLOOR PHILADELPHIA PA 19103 AGENCY LABOR - NURSING SERVICES 264436 FINEST PAINTING COMPANY 514 PORTSMOUTH AVE GREENLAND NH 03840 PAINTING SERVICES 244970 GCD NEW HAMPSHIRE 225 JOHN CARPENTER FREEWAY STE 700 IRVING TX 75062 CONSTRUCTION SERVICES 206293 15 990369 188200 1178569 RESIDENTAL SERVICE FEES 623000 13003888 13003888 HEALTH CENTER FEES 623000 6802895 6802895 EARNED ENTRANCE FEES 623000 1450274 1450274 21257057 1310411 1310411 89197 0 89197 89197 89197 2946745 13555 1637475 5007 1309270 8548 1317818 1317818 25153052 21257057 0 2717426 X 79610 79610 184546 92273 92273 9166747 8259887 906860 77434 63542 13892 1029686 823749 205937 682555 546044 136511 445468 445468 19878 19878 36505 36505 123111 123111 2739267 1392652 1346615 23755 14573 9182 390510 340674 49836 424274 167434 256840 1782710 1479985 302725 35225 35225 1444402 980568 463834 3910469 3247764 662705 317555 269987 47568 FOOD & DIETARY SUPPLIES 777132 676105 101027 REPAIRS AND MAINTENANCE 342849 298416 44433 OTHER EMPLOYEE EXPENSES 184280 136146 48134 RESIDENT EXPENSES 176974 176974 81745 5389 76356 24476687 19051772 5424915 0 5501028 5798141 990369 178417 92707 65569 49920 144311 94864 107824532 19727761 89796807 88096771 30104808 33795343 819487 683144 126610427 129601259 2309314 2103138 10559994 10208330 52140294 51594110 1106304 36556 84697803 88275028 150813709 152217162 X -24271351 -22679284 68069 63381 -24203282 -22615903 126610427 129601259 X 676365 1360030 -449016 X X 0 1 X 1 0 X 67237 225196 138127 188042 1178569 1797171 13482397 16740067 18843533 20979424 21257057 91302478 13549634 16965263 18981660 21167466 22435626 93099649 13947 124161 16471 20221 20637 195437 0 13947 124161 16471 20221 20637 195437 92904212 494659 437036 1176823 1315450 1399608 4823576 494659 437036 1176823 1315450 1399608 4823576 14044293 17402299 20158483 22482916 23835234 97923225 0.94870 0.95380 0.04930 0.04390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3348198 3348198 99247130 17236457 82010673 3735962 2213920 1522042 1493242 277384 1215858 88096771 REFUNDABLE ENTRANCE FEE LIABILITY 78625280 WAIT LIST DEPOSITS 8926250 DUE TO RELATED ORGANIZATIONS 723498 88275028 X PART X, LINE 2: RIVERWOODS DURHAM IS A NONPROFT 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 11 25500 MONTHLY FEE BENEVOLENCE ASSISTANCE 2 54110 PART I, LINE 2: 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 RWD TO THE INSTITUTION WHICH ENSURES THE FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSES. BENEVOLENCE ASSISTANCE IS PROVIDED EACH MONTH TO RESIDENTS CURRENTLY RECEIVING BENEVOLENCE BENEFITS VIA A CREDIT ON THEIR MONTHLY BILLING STATEMENT. PRIOR TO MOVING MONIES FROM THE BENEVOLENT FUND TO THE OPERATING ACCOUNT, A DETAILED LIST OF FINANCIAL ASSISTANCE AMOUNTS IS PROVIDED TO THE CFO OF TRWG FOR REVIEW AND SIGN OFF. ON AT LEAST AN ANNUAL BASIS, A BENEVOLENCE FUND TRACKER IS PROVIDED TO THE BOARD FINANCE COMMITTEE. 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 NATALEE BELANGER EXECUTIVE DIRECTOR 154216 0 19591 0 8878 0 5137 0 2811 0 190633 0 0 0 KAITLIN KNAPP NURSE PRACTITIONER 129271 0 13431 0 8347 0 3593 0 4796 0 159438 0 0 0 PART I, LINE 3 ALL RELATED PARTY COMPENSATION DISCLOSED ON SCHEDULE J, PART II IS COMPENSATION PAID BY THE RIVERWOODS GROUP (TRWG), A RELATED IRC SECTION 501(C)(3) SUPPORTING ORGANIZATION. TRWG USES THE FOLLOWING TO EVALUATE COMPENSATION: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990S OF OTHER LIKE ORGANIZATIONS, A COMPENSATION SURVEY/STUDY AND APPROVAL BY THE TRWG BOARD/COMPENSATION COMMITTEE. THE INDEPENDENT COMPENSATION CONSULTANT REVIEWS THE CEO COMPENSATION PACKAGE 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 2023 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 NATALEE BELANGER, EXECUTIVE DIRECTOR - $19,591 KAITLIN KNAPP - $13,431 HOLLY MOON - $1,149 SAMANTHA LAGACE - $12,046 DEVLIN LOCKLEY - $9,407 PATRICIA MCDONOUGH-DOANE - $5,498 A NEW HAMPSHIRE HEALTH & EDUCATION FACILITIES AUTHORITY 020279866 2021-09-30 52980000 TO REFUND THE SERIES 2018A REVENUE BONDS 0 0 0 A 786100 52980000 52980000 2021 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW HAMPSHIRE HEALTH & EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2023 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 RWD. 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 RWD. TRWG PRIMARILY PROVIDES ADMINISTRATIVE SERVICES TO RWD WHICH DO NOT INVOLVE ANY SIGNIFICANT MANAGERIAL DECISION MAKING, BUT TRWG DOES HAVE ULTIMATE AUTHORITY AND RESPONSIBILITY FOR RWD'S BUDGET. RWD PAID TRWG A MANAGEMENT FEE $445,468, ADMINISTRATIVE FEE OF $1,088,884, AND IT FEES OF $558,933 FOR ALL SERVICES RENDERED DURING THE TAX YEAR. COMPENSATION PAID TO OFFICERS AND/OR KEY EMPLOYEES OF RWD 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 ON 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 RWD 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 RWD. 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 RWD; (C) FINAL ADOPTION, AND ANY APPROVAL OF A MATERIAL MODIFICATION, OF RWD'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 RWD 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, RWD OR ANY SUBSIDIARY; (G) ACQUISITION BY RWD OF SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER ENTITY; (H) APPOINTMENT OF A FIRM OF INDEPENDENT PUBLIC ACCOUNTANTS TO CONDUCT AN INDEPENDENT AUDIT OF RWD'S FINANCIAL STATEMENTS OR A SPECIAL PROJECT WHICH MATERIALLY IMPACTS ASSETS, REVENUES, OR OPERATIONS; (I) THE PARTICIPATION BY RWD 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 RWD; (K) ELIMINATION OR ADDITION BY RWD 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 RWD 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 RWD UNDER ANY AGREEMENT BETWEEN OR AMONG THE PARTICIPANT ORGANIZATIONS; (M) THE EXERCISE OF RWD'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. RWD 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. 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 RWD'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 RWD 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,392,652. MANAGEMENT AND GENERAL EXPENSES 1,346,615. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,739,267. FORM 990, PART XI, LINE 9: SYSTEM DEVELOPMENT FEE -449,016. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. 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 BIRCH HILL TERRACE 200 ALLIANCE WAY MANCHESTER NH 03102 223015416 ESTABLISH, OWN AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY NH 501(C)(3) LINE 10 THE RIVERWOODS GROUP 1 WOMEN'S AID 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 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0