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Peterborough Retirement Community at Upland Farm

Also known as Rivermead

Peterborough, NH · EIN 02-0446675 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

Peterborough Retirement Community at Upland Farm reported $38.0 million in revenue and $30.9 million in expenses for calendar year 2025. Of every $100 it spent, $88.37 went to program services, $11.63 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 86.5% of the total. Government grants made up 7.1%. The highest compensation it reported for one person was $378,072 (CEO). 9 people received more than $100,000 in reportable compensation. Revenue rose 73% between 2019 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $31M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2025 · Form 990, Part VIII · total revenue $38M

The 990 scorecard · same measures for every charity, no grades

2025 filing. Median across 3,614 covered charities in this category, from their latest filings.
Measure2025Median
Program services
Part IX 25(B) ÷ 25(A)
88.4%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
11.6%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
7.1%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
7.1%2.4%
Program service revenue share
Part VIII 2g ÷ 12
86.5%70.8%
Highest reported compensation
Part VII-A, columns D–F
$378,072$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.22%1.18%
People paid over $100,000
Part VII, line 2
96
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
-2.96.9
Independent voting board members
Part VI 1a–1b
13 of 13100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2025 · Form 990, Part III · the three largest programs by expense
$27M expenses · 100.0% of program spending · grants $200K · revenue $33M

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…

Highest reported compensation

2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$358,194$0$19,878$378,072
CHIEF FINANCIAL OFFICER
Officer, 40.00 hrs/week
$290,290$0$20,068$310,358
DIRECTOR OF RESIDENT SERVI
Highest compensated employee, 40.00 hrs/week
$146,392$0$49,252$195,644
HEALTH CENTER ADMINISTRATO
Highest compensated employee, 40.00 hrs/week
$152,140$0$31,891$184,031
DIRECTOR OF NURSING
Highest compensated employee, 40.00 hrs/week
$132,540$0$30,715$163,255
MNA
Highest compensated employee, 40.00 hrs/week
$128,359$0$31,303$159,662
ACCOUNTING COORDINATOR
Highest compensated employee, 40.00 hrs/week
$128,549$0$28,356$156,905

9 people received more than $100,000 in reportable compensation from Peterborough Retirement Community at Upland Farm (Part VII, line 2). Compensation of current officers, directors and key employees totaled $688K (Part IX, line 5).

7 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M2019202020212022202320242025$38M$31M
FilingRevenueExpensesProgramsNet assetsTop pay
2025 ⓘ$38M$31M88.4%−$7.5M$378,072
2024 ⓘ$31M$28M87.2%−$16M$307,480
2023 ⓘ$27M$27M88.2%−$20M$292,015
2022 ⓘ$26M$27M88.6%−$21M$263,493
2021 ⓘ$27M$26M88.8%−$22M$253,261
2020 ⓘ$26M$25M88.5%−$25M$333,429
2019 ⓘ$22M$23M90.3%−$23M$306,498

Governance answers, as filed

2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5476
  • Volunteers Part I, line 6120

Largest outside contractors

2025 · Form 990, Part VII, Section B · businesses only
UNIDINE LIFESTYLES LLC
Dining services management
$363,726
EYLES CONTRACTING INCORPORATED
Roofing
$328,381
PRECISION TEMPERATURE CONTROL
Hvac
$297,009
CARDOZA FLOORING
Flooring & installation
$285,398
NETWORK COVERAGE LLC
It services
$200,118

Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Peterborough Retirement Community at Upland Farm's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Peterborough Retirement Community at Upland Farm, you can publish a response that is linked from this page.

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Questions people ask

How much of Peterborough Retirement Community at Upland Farm's spending goes to programs?

In calendar year 2025, Peterborough Retirement Community at Upland Farm reported that 88.4% of its $30.9 million in expenses went to program services, 11.6% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Peterborough Retirement Community at Upland Farm pay its top executive?

The largest total compensation Peterborough Retirement Community at Upland Farm reported for one person in calendar year 2025 was $378,072, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Peterborough Retirement Community at Upland Farm get its money?

Of $38.0 million in revenue in calendar year 2025, 7.1% came from contributions and grants (including 7.1% from government grants) and 86.5% from program service revenue (Form 990, Part VIII).

Is Peterborough Retirement Community at Upland Farm a registered charity?

The IRS lists EIN 02-0446675 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2025: Form 990 for calendar year 2025, object 202611049349301556 · read the filing · XML
  • 2024: Form 990 for calendar year 2024, object 202501559349301400 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202441239349302069 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202341259349300209 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202211269349302111 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202131269349301868 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202041329349300409 · read the filing

All filings for EIN 02-0446675: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.