Newbridge On the Charles Inc is a 501(c)(3) organization based in Boston, Massachusetts, registered in 2005, with $61,385,691 in FY2023 revenue. CharityIndex grades it C, and it directs about 81% of spending to programs.
Revenue (FY2023)
$61.4M
▲ 19.3% vs prior year
Human Services median: $293K
Expenses (FY2023)
$66.6M
Net assets
-$220.4M
Employees
470
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Newbridge On the Charles Inc: 81% to programs earns a C+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Newbridge On the Charles Inc: 0 mo reserves · -8% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Newbridge On the Charles Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Newbridge On the Charles Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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To operate a continuing care retirement living that can enrich and enhance their lives, combined with safety and healthcare options.
Recuperative services unit/snf hrc at nboc, located in the gloria adelson field health center, is a pioneering state-of-the art geriatric health care center that offers comprehensive short-term rehabilitative services, long-term care, and a memory care unit. building on hewbrew seniorlife's holistic approach to care, hrc serves as ground-breaking model in creating an optimal living environment and providing the types of services and programs that seniors best respond to physically and emotionally when in short or long-term care. the private rooms and common living spaces resemble all the charm and coziness of home, providing plenty of natural light, warmth, and comfort. we offer the community access to an outstanding array of rehabilitation options through our recuperative services unit (rsu), which is a skilled nursing unit. on the nboc campus there are 48 beds for short-term rehabilitation care. physicians representing dozens of medical specialties, as well as nurses, and therapists, are available for consultation to ensure that every patient need is addressed. our intake coordinator and case managers will screen the patient and either accept or deny admission. if the referral is accepted, we will arrange a transfer time with the appropriate case manager at the hospital. our intake coordinator and case managers will screen the patient and either accept or deny admission. if the referral is accepted, we will arrange a transfer time with the appropriate case manager at the hospital.
Assisted living the traditional assisted living program at nboc is a key component of our continuing care retirement community (ccrc) providing the opportunity for those who wish to live in a supportive community or for current independent living residents to continue residing on our campus. in 51 traditional assisted living apartments, nboc fosters a deep sense of community and home away from home in a compassionate environment for seniors. at the core of this area is a full service dining room and library as well as activity and meeting rooms. in addition to providing personalized supportive services in a warm and inviting setting, our traditional assisted living program reflects the many services, programs, and amenities unique to nboc. for example, residents have plenty of opportunities to enjoy a wide range of lifelong learning activities, music and art presentations, wellness programs and multigenerational activities with students from the neighboring rashi school. the nboc memory support assisted living program is a nationally renowned model of comprehensive care designed to enhance cognitive and physical abilities in a safe environment. as a key component of the assisted living program, there are 41 apartments on the nboc campus for those with dementia-related conditions. we offer an individualized care plan for each resident, focusing on therapies and approaches that are specific to each individual's strengths and needs throughout daily activities. one of the many benefits we offer is the convenience of not having to travel for medical appointments. residents may choose to join our onsite primary care practice, located in the health care center. our harvard medical school-affiliated geriatricians provide continuous, coordinated, and seamless care. we focus on encouragement, dignity, and creating feelings of success. among our many benefits, we offer: - individualized service plans - private studio apartments with individual baths - three nutritious "healthy mind" meals and snacks - residentsecure entry and exit - enclosed courtyard and gardens - regularly scheduled enrichment and fitness programs - 24-hour professional resident care staff - on-site nursing staff incontinence care, and - medication management.
Other program service revenue is made up of income from residents and their guests for various services that nboc provides (the expenses), including culinary, telecommunications, miscellaneous, guest suites, personal care, and activ
Revenue grew from $44.8M (FY2013) to $61.4M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-8.5%
Spent more than it raised in the latest fiscal year.
Total assets
$257.2M
Total liabilities
$477.6M
Net assets
-$220.4M
Salaries & benefits
$25.5M
38% of expenses
Board members
4
2 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $61,385,691▲19.3% | $66,585,461▲1.1% | -$220,435,572▼0.4% | $257,198,323▼3.8% | 990 |
| 2022 | $51,446,450▼7.7% | $65,842,262▼4.9% | -$219,656,392▼4.7% | $267,363,549▼2.1% | 990 |
| 2021 | $55,740,429▲2.3% | $69,259,651▲5.1% | -$209,835,537▼12.7% | $273,146,187▼9.7% | 990 |
| 2020 | $54,466,975▲3.5% | $65,891,975▲1.8% | -$186,112,371▼3.8% | $302,355,064▼1.2% | 990 |
| 2019 | $52,619,860▼0.6% | $64,738,919▲3.6% | -$179,286,938▼5.5% | $305,900,070▼3.3% | 990 |
| 2018 | $52,931,856▲1.0% | $62,480,567▲0.3% | -$169,870,285▼5.3% | $316,235,240▼3.0% | 990 |
| 2017 | $52,427,579▲8.8% | $62,297,142▼0.9% | -$161,376,220▼2.1% | $325,952,734▲2.1% | 990 |
| 2016 | $48,195,436▲3.9% | $62,861,034▲0.3% | -$158,107,353▼7.5% | $319,377,857▼3.1% | 990 |
| 2015 | $46,400,507▲2.7% | $62,687,352▲3.7% | -$147,104,864▼11.9% | $329,565,128▼2.9% | 990 |
| 2014 | $45,202,360▲1.0% | $60,442,859▼4.1% | -$131,419,698▼22.2% | $339,304,703▼6.1% | 990 |
| 2013 | $44,772,608 | $63,047,803▲1.9% | -$107,545,971▼20.5% | $361,496,609▼3.7% | 990 |
| 2012 | — | $61,899,964▼1.9% | -$89,270,776▼22.3% | $375,512,075▼8.3% | 990 |
| 2011 | — | $63,096,412▲2.4% | -$72,971,497▼24.6% | $409,483,506▼3.7% | 990 |
| 2010 | — | $61,605,114▲1.2% | -$58,546,219▼40.3% | $425,201,469▼6.7% | 990 |
| 2009 | — | $60,899,835 | -$41,731,442 | $455,770,988 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Matthew W Hollingshead — $237,808 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew W Hollingshead | Executive Director, Nboc | 45 | $237,808 |
| Rhonda D Glyman | Executive Director, Assisted Living Nboc | 45 | $204,243 |
| Fernando A Rodrigues | Director of Facilities | 45 | $135,395 |
| Victor M Furtado | Director of Community Security Initiatives | 45 | $120,209 |
| Gary James Tsacoyianis | Chief Facilities Engineer | 45 | $114,164 |
| John Bernardo | Security Systems Technician | 45 | $112,564 |
| Joshua L Ferraro | Director of Food and Beverage | 45 | $103,238 |
| Eric Rogers | Chief Information Officer | 4 | — |
| James D Hart | Secretary & Chief Fin. Officer | 4 | — |
| Katelyn Quynn | Chief Dev Off & Vp Board Rel | 4 | — |
| Kathyrn W Tasker | Chief Sponsored Awards Officer | 1 | — |
| Kimberly J Brooks | Chief Op. Officer, Sen Living | 5 | — |
| Lewis Lipsitz Md | Dir, Hmifar & Chief Acad. Off | 1 | — |
| Linda Thompson | Chief People Officer | 4 | — |
| Louis J Woolf | President and Ceo (thru 7/2023, Returned 5/2024 To Current) | 4 | — |
| Mandel I Ernest Md | Chief Medical Officer | 2 | — |
| Marsha Cohen | Treasurer | 0.1 | — |
| Mary Moscato Fache | President, Hsl Hc Svcs. & Hrc | 1 | — |
| Melissa Bayer Tearney | Board Chair (thru 9/30/23) | 0.1 | — |
| Rachel Lerner Esquire | Gen. Cnsl. & Chief Comp. Off | 4 | — |
| Contractor | Services | Paid |
|---|---|---|
| None | — | — |
6 grants to Newbridge On the Charles Inc totaling $116K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $14,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $14,250 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - elder services | 2021 | $5,410 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $15,350 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $55,472 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - elder services | 2019 | $11,050 |
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Data for Newbridge On the Charles Inc (EIN 38-3707573) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.