Civic Intelligence

Garden Path Elder Living Inc.

990 • Fiscal year 2022 • EIN 03-0179416

May 01, 2021 to Apr 30, 2022 • Filed on Apr 24, 2023

65 Harris AveBrattleboro, VT 05301

(802) 254-4155

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.66x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

1.28x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

46th percentile

4.9%

Higher net margin than 46% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

48th percentile

0.1%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

80th percentile

36%

Faster revenue growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$7,882,998

Up $10,438 (+0.1%) from 2021

Net Assets

Up

$2,702,508

Up $200,476 (+8.0%) from 2021

Liabilities

Down

$5,180,490

Down $190,038 (-3.5%) from 2021

Revenue

Up

$4,042,254

Up $1,060,094 (+36%) from 2021

Expenses

Up

$3,844,379

Up $292,193 (+8.2%) from 2021

Net Income

Up

$197,875

Up $767,901 (+135%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $3,124,549Liabilities 2011: $1,418,121Net Assets 2011: $1,706,4282011Assets 2012: $3,090,598Liabilities 2012: $1,368,915Net Assets 2012: $1,721,6832012Assets 2013: $3,143,521Liabilities 2013: $1,345,007Net Assets 2013: $1,798,5142013Assets 2014: $3,091,562Liabilities 2014: $1,245,616Net Assets 2014: $1,845,9462014Assets 2019: $8,341,221Liabilities 2019: $4,877,306Net Assets 2019: $3,463,9152019Assets 2020: $7,971,845Liabilities 2020: $4,904,530Net Assets 2020: $3,067,3152020Assets 2021: $7,872,560Liabilities 2021: $5,370,528Net Assets 2021: $2,502,0322021Assets 2022: $7,882,998Liabilities 2022: $5,180,490Net Assets 2022: $2,702,5082022Assets 2023: $7,038,700Liabilities 2023: $5,108,640Net Assets 2023: $1,930,0602023Assets 2024: $7,712,127Liabilities 2024: $4,835,226Net Assets 2024: $2,876,9012024Assets 2025: $7,347,854Liabilities 2025: $4,733,636Net Assets 2025: $2,614,2182025

Highlighted filing

2022

Assets$7,882,998
Liabilities$5,180,490
Net Assets$2,702,508

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,298,2082011Expenses 2012: $1,420,0942012Expenses 2013: $1,421,7252013Revenue 2014: $1,533,372Expenses 2014: $1,487,338Net Income 2014: $46,0342014Revenue 2019: $3,506,223Expenses 2019: $3,056,117Net Income 2019: $450,1062019Revenue 2020: $3,008,406Expenses 2020: $3,401,851Net Income 2020: -$393,4452020Revenue 2021: $2,982,160Expenses 2021: $3,552,186Net Income 2021: -$570,0262021Revenue 2022: $4,042,254Expenses 2022: $3,844,379Net Income 2022: $197,8752022Revenue 2023: $2,286,909Expenses 2023: $3,064,481Net Income 2023: -$777,5722023Revenue 2024: $3,879,872Expenses 2024: $2,924,790Net Income 2024: $955,0822024Revenue 2025: $2,614,333Expenses 2025: $2,877,016Net Income 2025: -$262,6832025

Highlighted filing

2022

Revenue$4,042,254
Expenses$3,844,379
Net Income$197,875
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Apr 24, 2023
Return Version
2021v4.1
Gross Receipts
$4,042,254
Mission and Program Overview

Mission

Holton Home is dedicated to providing the best elder care possible at its two residential homes. Holton Home provides housing for residents requiring assistance with daily tasks, medication management and personal care. 63 beds are available and 24 hour nursing care is provided.

Garden Path Elder Living has two residential care homes for elders that provide assistance with daily living and nursing oversight.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,541,161$7,235,732▼ $305,429
Cash and Non-Interest-Bearing Accounts$236,750$476,682▲ $239,932
Accounts Receivable$36,394$149,764▲ $113,370
Investments in Publicly Traded Securities$32,130--
Prepaid Expenses and Deferred Charges$20,086$14,753▼ $5,333
Savings and Temporary Cash Investments$6,039$6,042▲ $3
Pledges and Grants Receivable$0$25▲ $25
Total Assets$7,872,560$7,882,998▲ $10,438
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,180,271$4,153,113▼ $27,158
Accounts Payable and Accrued Expenses$795,696$576,392▼ $219,304
Unsecured Notes Loans Payable$394,561$394,561→ $0
Deferred Revenue-$56,424-
Total Liabilities$5,370,528$5,180,490▼ $190,038
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,427,508$2,615,786▲ $188,278
Net Assets With Donor Restrictions$74,524$86,722▲ $12,198
Total Net Assets Fund Balance$2,502,032$2,702,508▲ $200,476
Total Liabilities and Net Assets / Fund Balance$7,872,560$7,882,998▲ $10,438

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,900,649-$8,900,649
Equipment$596,349-$596,349
Leasehold Improvements$335,892-$335,892
Land$136,500-$136,500
Other Land Buildings$1-$1
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ted VogtPresident
Joanne RogersVice President
Cathy CoonanDirector
Cathy OsmanDirector
Charmaine VintonDirector
Eleanor ThomasDirector
Johanna MurphyDirector
Mary CaseyDirector
Prudence MacKinneyDirector
Vern GrubingerDirector
Kris McDermetSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,601,651
Program Service Revenue
$2,439,291
Investment Income
$1,312
Other Revenue
$0
All Other Contributions
$1,601,651
Change in Net Assets
$197,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,293,150
Other Expenses$1,551,229
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,957,324$0$0$1,957,324
Depreciation Depletion$287,268$18,336$0$305,604
Occupancy$193,153$12,329$0$205,482
Interest$155,524$9,927$0$165,451
Other Employee Benefits$164,019$0$0$164,019
Payroll Taxes$143,415$0$0$143,415
Insurance$133,238$0$0$133,238
Other Expenses$39,412$0$0$39,412
Pension Plan Contributions$28,392$0$0$28,392
All Other Expenses$25,738$74$0$25,812
Fees for Services Other$0$18,837$0$18,837
Fees for Services Accounting$0$10,449$0$10,449
Office Expenses$0$9,933$0$9,933
Conferences and Meetings$101$0$0$101
Total Functional Expenses$3,764,494$79,885$0$3,844,379
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Filing and Contact Details

Filer

Filer Name
Garden Path Elder Living Inc
EIN
03-0179416
Phone
8022544155
Address
65 Harris Ave, Brattleboro, VT 05301

Signing Officer

Name
Kris McDermet
Title
Secretary
Phone
8022544155
Signed
2023-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Madden
Formed
1892
Legal Domicile
Vt
Voting Board Members
11
Independent Board Members
11
Employees
51
Volunteers
0

Preparer

Firm
Austin Accounting Services
Address
368 River St Suite 115A, Springfield, VT 05156
Preparer
Chelsea Austin
Phone
8028855340
Supplemental Narrative

Additional Explanations

Other

Page 10, Part IX, Line 11g: Other professional fees

Other

Page 10, Part IX, Line 24e: Other expenses (Misc operating, bad debts, marketing & development, vehicle expenses)

Pt VI, Line 1A

11 voting members

Pt VI, Line 12C

Conflict of interest policy is included in the board of directors code of conduct. Directors are obligated to disclose any possible conflict and to abstain from discussion and voting on the issue.

Pt VI, Line 15A

Executive committee is responsible for executive and key employee compensation. Performance reviews are done including a 360 degree review. Compensation is reviewed annually with regard given to performance and comparable compensation in the area.

Pt VI, Line 15B

Executive committee is responsible for executive and key employee compensation. Performance reviews are done including a 360 degree review. Compensation is reviewed annually with regard given to performance and comparable compensation in the area.

Pt VI, Line 11B

Reviewed by management prior to filing

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IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0552107
IRS990/OtherExpensesGrp/ProgramServicesAmt165980
IRS990/OtherExpensesGrp/ProgramServicesAmt218823
IRS990/OtherExpensesGrp/ProgramServicesAmt339412
IRS990/OtherExpensesGrp/TotalAmt0552107
IRS990/OtherExpensesGrp/TotalAmt165980
IRS990/OtherExpensesGrp/TotalAmt218823
IRS990/OtherExpensesGrp/TotalAmt339412
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01957324
IRS990/OtherSalariesAndWagesGrp/TotalAmt01957324
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0143415
IRS990/PayrollTaxesGrp/TotalAmt0143415
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt028392
IRS990/PensionPlanContributionsGrp/TotalAmt028392
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt025
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020086
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014753
IRS990/PrincipalOfficerNm0Lee Madden
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/Desc0Resident payments
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02439291
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0498065
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015727
IRS990/PYOtherExpensesAmt01495397
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02468368
IRS990/PYRevenuesLessExpensesAmt0-570026
IRS990/PYSalariesCompEmpBnftPaidAmt02056789
IRS990/PYTotalExpensesAmt03552186
IRS990/PYTotalRevenueAmt02982160
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0197875
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04042254
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06039
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06042
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt03170
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt08490
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt02650
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt016798
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt031108
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01231651
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0498065
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt069006
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01029936
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt072305
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02900963
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02308
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03057
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03191
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07583
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt016389
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02439291
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02468368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02937993
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02473096
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02338627
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012657375
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0250
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02308
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03191
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07583
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt016389
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00170
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt08225
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt09305
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt017530
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.85210
IRS990ScheduleA/PublicSupportPY509Pct00.82660
IRS990ScheduleA/PublicSupportTotal509Amt013286084
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0722318
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0720202
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0465883
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0363851
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02272254
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0719148
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0711712
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0463233
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0347053
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt02241146
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03670942
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02966433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03006999
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03503032
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02410932
IRS990ScheduleA/Total509Grp/TotalAmt015558338
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015592257
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08900649
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08900649
IRS990ScheduleD/EquipmentGrp/BookValueAmt0596349
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0596349
IRS990ScheduleD/LandGrp/BookValueAmt0136500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0136500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0335892
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0335892
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09969391
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Page 10, Part IX, Line 11g: Other professional fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Page 10, Part IX, Line 24e: Other expenses (Misc operating, bad debts, marketing & development, vehicle expenses)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt211 voting members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conflict of interest policy is included in the board of directors code of conduct. Directors are obligated to disclose any possible conflict and to abstain from discussion and voting on the issue.

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