Civic Intelligence

Peterborough Retirement Community at Upland Farm Inc.

EIN 02-0446675 • 501(c)3 • Peterborough, NH

Pub. 78 Eligible

Profile

Rivermead is a progressive not-for-profit continuing care retirement community that advocates for an enriched lifestyle with cultural and educational opportunities. Continued on schedule "o".we continuously strive to provide high-quality, holistic lifecare programs, and healthcare services in a financially responsible manner. In serving this commitment, we seek to provide a positive and supportive work environment.

150 Rivermead RoadPeterborough, NH 03458

www.rivermead.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.07x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

3.23x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

35th percentile

$378,072

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

62nd percentile

8.6%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$115,277,809

Up $9,142,947 (+8.6%) from 2024

Liabilities

Up

$122,780,498

Up $934,579 (+0.8%) from 2024

Net Assets

Up

-$7,502,689

Up $8,208,368 (+52%) from 2024

Revenue

Up

$38,049,817

Up $7,201,349 (+23%) from 2024

Expenses

Up

$30,936,331

Up $2,489,062 (+8.7%) from 2024

Net Income

Up

$7,113,486

Up $4,712,287 (+196%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0-$50MAssets 2010: $44,192,330Liabilities 2010: $51,500,729Net Assets 2010: -$7,308,3992010Assets 2011: $75,562,374Liabilities 2011: $81,579,783Net Assets 2011: -$6,017,4092011Assets 2012: $81,965,814Liabilities 2012: $95,345,864Net Assets 2012: -$13,380,0502012Assets 2013: $78,058,309Liabilities 2013: $93,586,952Net Assets 2013: -$15,528,6432013Assets 2014: $75,456,969Liabilities 2014: $93,655,879Net Assets 2014: -$18,198,9102014Assets 2015: $75,233,893Liabilities 2015: $95,177,977Net Assets 2015: -$19,944,0842015Assets 2016: $76,958,886Liabilities 2016: $96,906,547Net Assets 2016: -$19,947,6612016Assets 2017: $77,763,145Liabilities 2017: $97,251,861Net Assets 2017: -$19,488,7162017Assets 2018: $87,809,247Liabilities 2018: $110,102,366Net Assets 2018: -$22,293,1192018Assets 2019: $99,342,175Liabilities 2019: $121,866,133Net Assets 2019: -$22,523,9582019Assets 2020: $103,652,506Liabilities 2020: $129,127,720Net Assets 2020: -$25,475,2142020Assets 2021: $101,660,266Liabilities 2021: $123,872,815Net Assets 2021: -$22,212,5492021Assets 2022: $99,988,081Liabilities 2022: $120,830,200Net Assets 2022: -$20,842,1192022Assets 2023: $100,247,664Liabilities 2023: $119,823,649Net Assets 2023: -$19,575,9852023Assets 2024: $106,134,862Liabilities 2024: $121,845,919Net Assets 2024: -$15,711,0572024Assets 2025: $115,277,809Liabilities 2025: $122,780,498Net Assets 2025: -$7,502,6892025

Highlighted filing

2025

Assets$115,277,809
Liabilities$122,780,498
Net Assets-$7,502,689

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MExpenses 2010: $11,916,2222010Expenses 2011: $12,177,8232011Expenses 2012: $12,515,7492012Revenue 2013: $14,140,482Expenses 2013: $16,614,573Net Income 2013: -$2,474,0912013Revenue 2014: $17,159,883Expenses 2014: $18,824,353Net Income 2014: -$1,664,4702014Revenue 2015: $17,910,212Expenses 2015: $19,363,710Net Income 2015: -$1,453,4982015Revenue 2016: $19,197,151Expenses 2016: $19,756,925Net Income 2016: -$559,7742016Revenue 2017: $21,110,430Expenses 2017: $20,232,526Net Income 2017: $877,9042017Revenue 2018: $20,319,165Expenses 2018: $21,417,623Net Income 2018: -$1,098,4582018Revenue 2019: $21,976,620Expenses 2019: $22,917,440Net Income 2019: -$940,8202019Revenue 2020: $25,539,148Expenses 2020: $25,443,674Net Income 2020: $95,4742020Revenue 2021: $26,693,338Expenses 2021: $26,013,219Net Income 2021: $680,1192021Revenue 2022: $26,258,279Expenses 2022: $26,819,634Net Income 2022: -$561,3552022Revenue 2023: $26,767,133Expenses 2023: $27,265,331Net Income 2023: -$498,1982023Revenue 2024: $30,848,468Expenses 2024: $28,447,269Net Income 2024: $2,401,1992024Revenue 2025: $38,049,817Expenses 2025: $30,936,331Net Income 2025: $7,113,4862025

Highlighted filing

2025

Revenue$38,049,817
Expenses$30,936,331
Net Income$7,113,486

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$115$123$7.50$38.0$30.9$7.11
2024Detailed filing. Detailed filing data is available for this year.$106$122$15.7$30.8$28.4$2.40
2023Detailed filing. Detailed filing data is available for this year.$100$120$19.6$26.8$27.3$0.50
2022Detailed filing. Detailed filing data is available for this year.$100.0$121$20.8$26.3$26.8$0.56
2021Detailed filing. Detailed filing data is available for this year.$102$124$22.2$26.7$26.0$0.68
2020Detailed filing. Detailed filing data is available for this year.$104$129$25.5$25.5$25.4$0.10
2019Detailed filing. Detailed filing data is available for this year.$99.3$122$22.5$22.0$22.9$0.94
2018Detailed filing. Detailed filing data is available for this year.$87.8$110$22.3$20.3$21.4$1.10
2017Detailed filing. Detailed filing data is available for this year.$77.8$97.3$19.5$21.1$20.2$0.88
2016Detailed filing. Detailed filing data is available for this year.$77.0$96.9$19.9$19.2$19.8$0.56
2015Detailed filing. Detailed filing data is available for this year.$75.2$95.2$19.9$17.9$19.4$1.45
2014Detailed filing. Detailed filing data is available for this year.$75.5$93.7$18.2$17.2$18.8$1.66
2013Detailed filing. Detailed filing data is available for this year.$78.1$93.6$15.5$14.1$16.6$2.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.0$95.3$13.4$12.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.6$81.6$6.02$12.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.2$51.5$7.31$11.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Apr 10, 2026
Return Version
2025v4.1
Gross Receipts
$39,041,719
Mission and Program Overview

Mission

Rivermead is a progressive not-for-profit continuing care retirement community that advocates for an enriched lifestyle with cultural and educational opportunities. Continued on schedule "o".we continuously strive to provide high-quality, holistic lifecare programs, and healthcare services in a financially responsible manner. In serving this commitment, we seek to provide a positive and supportive work environment.

To provide excellent housing and health care services to its residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$74,423,741$71,526,565▼ $2,897,176
Investments in Publicly Traded Securities$23,531,793$36,109,712▲ $12,577,919
Savings and Temporary Cash Investments$3,143,994$3,391,940▲ $247,946
Accounts Receivable$234,197$1,141,929▲ $907,732
Prepaid Expenses and Deferred Charges$665,017$591,856▼ $73,161
Inventories for Sale or Use$68,279$26,075▼ $42,204
Cash and Non-Interest-Bearing Accounts$16,981$17,046▲ $65
Total Assets$106,134,862$115,277,809▲ $9,142,947
Other Assets Total$4,050,860$2,472,686▼ $1,578,174
Liabilities
Deferred Revenue$69,508,723$73,879,353▲ $4,370,630
Tax Exempt Bond Liabilities$48,707,335$46,311,074▼ $2,396,261
Accounts Payable and Accrued Expenses$1,953,477$2,543,586▲ $590,109
Mortgage Notes Payable Secured by Investment Property$1,667,564$39,559▼ $1,628,005
Other Liabilities$3,840$3,840→ $0
Escrow Account Liability$4,980$3,086▼ $1,894
Total Liabilities$121,845,919$122,780,498▲ $934,579
Net Assets / Fund Balance
Net Assets With Donor Restrictions$288,086$278,575▼ $9,511
Net Assets Without Donor Restrictions$-15,999,143$-7,781,264▲ $8,217,879
Total Net Assets Fund Balance$-15,711,057$-7,502,689▲ $8,208,368
Total Liabilities and Net Assets / Fund Balance$106,134,862$115,277,809▲ $9,142,947

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$59,367,328$41,568,287$100,935,615
Equipment$5,685,857$10,945,193$16,631,050
Other Land Buildings$4,207,805$5,969,297$10,177,102
Land$2,265,575-$2,265,575

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$2,877,209$36,460▲ $517,332-$3,406,590
2024$2,637,294$21,090▲ $319,392-$2,877,209
2023$2,415,612$10,900▲ $382,170-$2,637,294
2022$2,997,797$38,604▼ $487,028-$2,415,612
2021$2,864,565$34,653▲ $188,983-$2,997,797
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larisa M SheaCEOFT$354,377$23,695$378,072
Martin J Conley IiiChief Financial OfficerFT$287,723$22,635$310,358
Sherry GauthierDirector of Resident ServiFT$143,725$51,919$195,644
Meghan CookHealth Center AdministratoFT$150,073$33,958$184,031
Jennifer SkeltonDirector of NursingFT$125,973$37,282$163,255
Jessica DesmaraisMnaFT$114,794$44,868$159,662
Julie SimoAccounting CoordinatorFT$128,360$28,545$156,905

Board Members and Trustees

NameTitle
Joseph CaracappaChair
Peter ImhoffVice Chair
Cyndee McguireTrustee
Daniel PerliTrustee
Gerald GalusTrustee
John MorisonTrustee
Mary Ellen SpencerTrustee
Mary Vallier-kaplanTrustee
Peter RotchTrustee
Peter TibbettsTrustee
Tom FerencTrustee
Tori Haring-smithTrustee
Gerald DebonisTrustee (until 9/25)
Beth FernaldSecretary
Carole MonroeTreasurer
Robert EdwardsTreasurer (until 9/25)

Highest Paid Contractors

ContractorServicesLocationCompensation
Unidine Lifestyles LLCDining Services ManagementPO BOX 102289, Atlanta, GA 30368-2289$363,726
Eyles Contracting IncorporatedRoofing65 AIRPORT RD, Fitchburg, MA 01420$328,381
Precision Temperature ControlHvac24 SAW MILL DRIVE, Jaffrey, NH 03452$297,009
Cardoza FlooringFlooring & Installation318 NASHUA ST, Milford, NH 03055$285,398
Network Coverage LLCIt Services222 ROSEWOOD DRIVE 11TH FL, Danvers, MA 01923$200,118
Revenue and Support

Revenue Composition

Contributions and Grants
$2,687,344
Program Service Revenue
$32,913,048
Investment Income
$1,969,722
Other Revenue
$479,703
All Other Contributions
$3,849
Change in Net Assets
$7,113,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,083,565
Revenue Not Reported on Financial Statements
$-33,748
Revenue Not Reported on Form 990
$916,117
Other Revenue Adjustments
$-33,748
Total Revenue per Audited Statements
$38,999,682
Total Revenue per Form 990
$38,049,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,973,280
Other Expenses$14,763,507
Grants and Similar Amounts Paid$199,544
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,396,793$1,564,322-$11,961,115
Depreciation Depletion$4,998,349$35,961-$5,034,310
Occupancy$2,941,967$21,172-$2,963,139
Other Employee Benefits$1,852,500$171,735-$2,024,235
Interest$1,441,533$10,341-$1,451,874
Payroll Taxes$801,906$98,385-$900,291
Office Expenses$684,922$214,955-$899,877
Fees for Services Other$752,400$25,864-$778,264
Current Officers, Directors, Trustees, and Key Employees-$688,431-$688,431
Information Technology-$437,145-$437,145
Pension Plan Contributions$398,447$761-$399,208
Insurance$224,476$21,744-$246,220
Grants to Domestic Individuals$190,852--$190,852
All Other Expenses$82,086$62,415-$144,501
Travel$71,638$18,721-$90,359
Fees for Services Accounting-$79,283-$79,283
Other Expenses$26,888$37,338-$64,226
Advertising-$56,191-$56,191
Fees for Services Legal-$51,752-$51,752
Grants to Domestic Orgs$8,692--$8,692
Fees for Services Lobbying-$899-$899
Total Functional Expenses$27,338,916$3,597,415$0$30,936,331

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$30,936,330
Total Expenses per Audited Statements$30,791,314
Expenses per Audited Statements$30,757,566
Expenses Not Reported on Financial Statements$178,764
Other Expense Adjustments$178,764
Expenses Not Reported on Form 990$33,748
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuities Payable$3,840

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANew Hampshire Health and Education Facilities Authority2017-12-28$44,882,000SEE PART VI
BNew Hampshire Health and Education Facilities Authority2021-04-02$20,910,219SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$44,882,000$10,382,000$16,180,687$28,795
B$20,910,219$20,910,219--

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Management, including the ceo and cfo will review initial draft versions of the 990. After management's inital review and any changes resulting from their review have been made to the 990, the 990 will be reviewed by the audit committee. Upon satisfactory review of the 990 by the audit committee, the audit committee will vote to approve the 990. A final copy of the 990 will be provided to all board members prior to filing. Contact information for the ceo, cfo, audit committee, and 990 preparer (baker tilly) will be provided to all board members should they have any questions or concerns.

Form 990, Part VI, Section B, Line 12C

Each trustee and officer of rivermead must be ever cognizant and aware of possible conflict of interest situations. Any such possible conflict must be fully disclosed in writing to the board of trustees, and will be considered by the board for discussion, approval, or any other appropriate action in accordance with the requirements of applicable law, and only if the matter serves the best interests of rivermead. Rivermead identifies possible conflicts of interest by having all trustees and officers complete the conflict of interest questionnaires annually. The ceo is responsible for ensuring all questionnaires are completed. The board of trustees reviews each potential conflict of interest. Board members with a conflict are required to abstain from voting on the matter. New hampshire and federal laws regarding disclosure of conflicts of interest are followed.

Form 990, Part VI, Section B, Line 15

Compensation of the ceo is determined by the board of trustees using data from the leadingage national salary survey and from form 990 data from comparable regional organizations. The ceo's annual performance review is also considered in determining his or her annual compensation package. Compensation of other management staff is determined by the ceo, cfo and director of human resources. A compensation study has been conducted to develop wage grades for each position within the organization. Wage grades are reviewed annually, updated as needed and are an integral part of determining compensation for new hires and adjustments to compensation for current employees. Salary benchmarking information is also reviewed annually to determine the appropriateness of compensation levels.

Form 990, Part VI, Section C, Line 19

Audited financial statements are included in rivermead's disclosure statement and upon request. The organization's governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Peterborough Retirement Community at
EIN
02-0446675
Phone
6039240062
Address
150 RIVERMEAD ROAD, PETERBOROUGH, NH 03458
Doing Business As
Rivermead

Signing Officer

Name
Martin J Conley Iii
Title
CFO
Phone
6039240062
Signed
2026-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larisa M Shea
Formed
1991
Legal Domicile
Nh
Voting Board Members
13
Independent Board Members
13
Employees
476
Volunteers
120

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
1570 FRUITVILLE PIKE SUITE 400, LANCASTER, PA 17601
Preparer
Kerri N Bogda
Phone
7177404863
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in fair value of derivatives -1,534,603.

Financial Statement Notes

PART IV, LINE 2B:

Rivermead maintains a resident trust account for residents in assisted living and memory support to utilize for personal expenses.

PART V, LINE 4:

Rivermead maintains temporarily restricted funds, which have been contributed with donor specific restrictions that are reasonably expected to be met in the near to mid-term. These restrictions are outlined by the donor at the time of the gift. Principal and earnings of these gifts are restricted to the purpose outlined by the donor. Rivermead maintains permanently restricted funds, the principal of which shall be maintained in perpetuity, while income is available to provide charitable assistance to rivermead residents.

PART X, LINE 2:

Rivermead accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined that there were no tax uncertainties that met the recognition threshold in 2025 or 2024.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in fair value of derivatives -1,534,603. Charitable assistance to residents netted against revenue on f/s -178,764.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

RENTAL EXPENSES -33,748.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

RENTAL EXPENSES 33,748.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Charitable assistance to residents netted against revenue on f/s 178,764.

Raw XML AppendixShowing 400 of 991 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0RIVERMEAD 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 PROGRAMS, SERVICES, AND AMENITIES TO ENRICH RESIDENTS' LIVES INCLUDING EXCEPTIONAL DINING EXPERIENCES, THERAPY SERVICES, HOME HEALTH SERVICES, HOUSEKEEPING, MAINTENANCE SERVICES, A WELLNESS CENTER, AN INDOOR POOL, TRANSPORTATION, TWO LIBRARIES, A MOVIE THEATER, A WOODWORKING SHOP, A GREEN HOUSE, AN ART GALLERY, WALKING TRAILS, CROQUET COURTS, BOCCE COURTS, AND RAISED GARDEN BEDS.
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IRS990/MissionDesc0RIVERMEAD IS A PROGRESSIVE NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY THAT ADVOCATES FOR AN ENRICHED LIFESTYLE WITH CULTURAL AND EDUCATIONAL OPPORTUNITIES. CONTINUED ON SCHEDULE "O".WE CONTINUOUSLY STRIVE TO PROVIDE HIGH-QUALITY, HOLISTIC LIFECARE PROGRAMS, AND HEALTHCARE SERVICES IN A FINANCIALLY RESPONSIBLE MANNER. IN SERVING THIS COMMITMENT, WE SEEK TO PROVIDE A POSITIVE AND SUPPORTIVE WORK ENVIRONMENT.
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