Craigside Retirement Residence
Craigside Retirement Residence reported $27.5 million in revenue and $28.5 million in expenses for calendar year 2024. Of every $100 it spent, $84.30 went to program services, $15.70 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: 97.0% of the total. The highest compensation it reported for one person was $451,170 (PRESIDENT & CEO). 5 people received more than $100,000 in reportable compensation. Revenue rose 27% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $28MFor 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 2024 · Form 990, Part VIII · total revenue $28MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.3% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.7% | 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 | 2.1% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.0% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $451,170 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.58% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 5 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -21.5 | 6.9 |
| Independent voting board members Part VI 1a–1b | 10 of 12 | 100.0% |
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
2024 · Form 990, Part III · the three largest programs by expenseMonthly service charge - craigside provides room, board and other services for 180 residents. The average monthly fee charged to each resident is $6,000 in 2024. Craigside pays for all expenses.entrance fee amortization - new residents pay for a lifetime interest in their apartment. Revenue for amortization of entrance fee is recognized over the expected life of the resident
Health care center - craigside has a licensed skilled nursing, intermediate care and special care facility with 45 nursing facility beds available for use by residents. All 45 beds are medicare certified. The average census was 43 in 2024 with a per diem rate of $472 for semi-private rooms for long-term residents in 2024
Assisted living services - program to provide help to residents who are not clinically restricted to beds and are not physically or mentally able to live independently. Residents enrolled can have an independent lifestyle with help provided by craigside. This can include services from medication management to assistance with many of the activities of daily living. 68 residents were enrolled in the program as of december 31, 2024
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 10.00 hrs/week | $0 | $415,277 | $35,893 | $451,170 |
| CFO Director/trustee, officer, 10.00 hrs/week | $0 | $270,297 | $19,317 | $289,614 |
| REGISTERED NURSE Highest compensated employee, 64.00 hrs/week | $180,109 | $0 | $26,662 | $206,771 |
| DIRECTOR OF NURSING Highest compensated employee, 50.00 hrs/week | $132,841 | $0 | $33,101 | $165,942 |
| REGISTERED NURSE Highest compensated employee, 50.00 hrs/week | $131,599 | $0 | $33,789 | $165,388 |
| REGISTERED NURSE Highest compensated employee, 50.00 hrs/week | $137,054 | $0 | $28,099 | $165,153 |
| REGISTERED NURSE Highest compensated employee, 50.00 hrs/week | $141,080 | $0 | $19,179 | $160,259 |
5 people received more than $100,000 in reportable compensation from Craigside Retirement Residence (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b12 · 10 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 15aNo
- 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 4No
- 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 50
- Volunteers Part I, line 610
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| RELIANT PRO REHAB Rehabilitation | $277,704 |
| ISLAND FLOORING Flooring contractor | $212,411 |
| UNITED LAUNDRY SERVICES Laundry | $192,607 |
| HAWAII INDOOR AIR SPECIALIST Air duct cleaning | $139,197 |
| ALAKAI MECHANICAL CORPORATION Mechanical contractor | $129,432 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Craigside Retirement Residence's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Craigside Retirement Residence, you can publish a response that is linked from this page.
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Of every $100 Craigside Retirement Residence spent in 2024, $84.30 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Northwest Michigan Community ActionTraverse City, MI · revenue $27M · programs 94.0% · FY2025
- Richland PlaceMurfreesboro, TN · revenue $28M · programs 84.4% · 2024
- Lakes Region Community Services CouncilLaconia, NH · revenue $27M · programs 87.7% · FY2025
- Community Action Commission of Santa Barbara CountySanta Barbara, CA · revenue $28M · programs 85.2% · 2024
- Saint Therese of New HopeSt Louis Park, MN · revenue $27M · programs 74.7% · FY2025
Questions people ask
How much of Craigside Retirement Residence's spending goes to programs?
In calendar year 2024, Craigside Retirement Residence reported that 84.3% of its $28.5 million in expenses went to program services, 15.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Craigside Retirement Residence pay its top executive?
The largest total compensation Craigside Retirement Residence reported for one person in calendar year 2024 was $451,170, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Craigside Retirement Residence get its money?
Of $27.5 million in revenue in calendar year 2024, 2.1% came from contributions and grants and 97.0% from program service revenue (Form 990, Part VIII).
Is Craigside Retirement Residence a registered charity?
The IRS lists EIN 35-2272376 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202532749349301533 · read the filing
- 2023: Form 990 for calendar year 2023, object 202433179349309528 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303189349318775 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349331720 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102959349301315 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349320765 · read the filing
All filings for EIN 35-2272376: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.