Carpenter's Home Estates
Also known as The Estates at Carpenters
Carpenter's Home Estates reported $24.2 million in revenue and $22.1 million in expenses for calendar year 2024. Of every $100 it spent, $87.61 went to program services, $12.39 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: 95.8% of the total. The highest compensation it reported for one person was $360,129 (CEO & EXECUTIVE DIRECTOR). 5 people received more than $100,000 in reportable compensation. Revenue rose 21% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 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 $24M- Contributions & grants (non-government)$0.17 $41,065
- Program service revenue$95.78 $23M
- Investment income$4.05 $983K
Other revenue was negative: −$16,389. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.6% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.4% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.2% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.8% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $360,129 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.63% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 5 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 6.4 | 6.8 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 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 expenseCarpenter's Home Estates, inc. Operates 372 independent living apartments as part of the continuing care retirement community. The independent living apartments provide financial support to the operating activities of the skilled nursing facility and the assisted living facility. The estates operates a wellness clinic staffed by licensed nurses to provide oversight of resident health concerns, communicate with medical providers to improve care and minimize waste, and to assist in the coordination of outside medical services. The resident agreement executed at admission to the community…
Carpenter's Home Estates, inc. Operates a 49-unit assisted living facility with a licensed occupancy of 52 residents. The facility holds an extended congregate care license to allow for the provision of nursing services to the residents. This specialty license enables the facility to expand the number and types of services provided to the residents with the intent of allowing them to "age in place." this license and staffing pattern, which includes 24-hour-a-day nursing coverage, permits the residents to age with dignity and postpones their transfer to skilled nursing, which has a higher cost…
Carpenter's Home Estates, inc. ("the estates") operates a 72-bed skilled nursing facility and participates in the medicare and medicaid programs. In 2024, 40% of the total patient days serviced in the nursing home were receiving lifecare benefits. Through their resident agreement, these residents receive a guarantee for the provision of services regardless of their ability to pay, as long as they have not disposed of their assets at less than fair market value. In addition, the estates demonstrate commitment to the service and support of the indigent elderly population of the local community.…
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 |
|---|---|---|---|---|
| CEO & EXECUTIVE DIRECTOR Officer, 40.0 hrs/week | $316,291 | $0 | $43,838 | $360,129 |
| THERAPY DIRECTOR Highest compensated employee, 40.0 hrs/week | $127,783 | $0 | $27,572 | $155,355 |
| ADMININISTRATOR Highest compensated employee, 40.0 hrs/week | $142,687 | $0 | $8,003 | $150,690 |
| COO Highest compensated employee, 40.0 hrs/week | $122,242 | $0 | $12,804 | $135,046 |
| DIRECTOR OF FINANCE Highest compensated employee, 40.0 hrs/week | $94,928 | $0 | $19,927 | $114,855 |
5 people received more than $100,000 in reportable compensation from Carpenter's Home Estates (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–1b7 · 7 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 5336
- Volunteers Part I, line 6100
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SCHMID CONSTRUCTION Contractor | $3,755,031 |
| US FOODS INC Food services | $604,888 |
| EVANGELISTO CONSTRUCTION LLC Contractor | $581,010 |
| CFI Contractor | $456,821 |
| ANIXTER INC Contractor | $282,642 |
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 Carpenter's Home Estates's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Carpenter's Home Estates, you can publish a response that is linked from this page.
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Of every $100 Carpenter's Home Estates spent in 2024, $87.61 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Ann Storck CenterFort Lauderdale, FL · revenue $24M · programs 96.1% · FY2025
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- Reproductive Freedom for All FoundationWashington, DC · revenue $24M · programs 75.3% · FY2025
- United Jewish Council of the East Side Home Attendant Service CorporNew York, NY · revenue $24M · programs 88.1% · 2024
Questions people ask
How much of Carpenter's Home Estates's spending goes to programs?
In calendar year 2024, Carpenter's Home Estates reported that 87.6% of its $22.1 million in expenses went to program services, 12.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Carpenter's Home Estates pay its top executive?
The largest total compensation Carpenter's Home Estates reported for one person in calendar year 2024 was $360,129, for the role of CEO & EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carpenter's Home Estates get its money?
Of $24.2 million in revenue in calendar year 2024, 0.2% came from contributions and grants and 95.8% from program service revenue (Form 990, Part VIII).
Is Carpenter's Home Estates a registered charity?
The IRS lists EIN 59-2347336 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 202503189349305260 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202422959349301302 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312989349301866 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242979349300829 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143169349309284 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002899349302350 · read the filing
All filings for EIN 59-2347336: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.