Civic Intelligence

Eastview at Middlebury Inc

EIN 20-3537263 • 501(c)3 • Middlebury, VT

Profile

1. EastViews mission is to provide a resident-centered retirement community that fosters independence and freedom, promotes a high quality of life, and is respectful of and open to all persons.

100 EastView TerraceMiddlebury, VT 05753

www.eastviewmiddlebury.com

Siviq Scores

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

Liabilities / Assets

96th percentile

1.12x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

4.19x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

59th percentile

8.3%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

27th percentile

$175,402

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

42nd percentile

3.0%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$32,820,288

Up $958,782 (+3.0%) from 2023

Liabilities

Up

$36,757,727

Up $205,733 (+0.6%) from 2023

Net Assets

Up

-$3,937,439

Up $753,049 (+16%) from 2023

Revenue

Up

$8,776,084

Up $1,012,877 (+13%) from 2023

Expenses

Up

$8,047,378

Up $369,556 (+4.8%) from 2023

Net Income

Up

$728,706

Up $643,321 (+753%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$20M$0-$20MAssets 2010: $16,007,184Liabilities 2010: $13,457,076Net Assets 2010: $2,550,1082010Assets 2011: $22,350,324Liabilities 2011: $22,894,466Net Assets 2011: -$544,1422011Assets 2012: $33,635,613Liabilities 2012: $35,746,065Net Assets 2012: -$2,110,4522012Assets 2013: $30,526,037Liabilities 2013: $34,321,692Net Assets 2013: -$3,795,6552013Assets 2014: $29,750,139Liabilities 2014: $34,567,329Net Assets 2014: -$4,817,1902014Assets 2015: $29,020,044Liabilities 2015: $34,426,549Net Assets 2015: -$5,406,5052015Assets 2016: $27,467,082Liabilities 2016: $33,361,256Net Assets 2016: -$5,894,1742016Assets 2017: $27,477,916Liabilities 2017: $33,834,745Net Assets 2017: -$6,356,8292017Assets 2018: $27,065,235Liabilities 2018: $33,531,783Net Assets 2018: -$6,466,5482018Assets 2019: $26,947,201Liabilities 2019: $33,084,362Net Assets 2019: -$6,137,1612019Assets 2020: $27,588,861Liabilities 2020: $33,331,194Net Assets 2020: -$5,742,3332020Assets 2021: $27,472,460Liabilities 2021: $33,186,951Net Assets 2021: -$5,714,4912021Assets 2022: $30,176,695Liabilities 2022: $36,085,517Net Assets 2022: -$5,908,8222022Assets 2023: $31,861,506Liabilities 2023: $36,551,994Net Assets 2023: -$4,690,4882023Assets 2024: $32,820,288Liabilities 2024: $36,757,727Net Assets 2024: -$3,937,4392024

Highlighted filing

2024

Assets$32,820,288
Liabilities$36,757,727
Net Assets-$3,937,439

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $274,2222010Expenses 2011: $414,4692011Expenses 2012: $3,044,2342012Revenue 2013: $3,692,253Expenses 2013: $5,377,456Net Income 2013: -$1,685,2032013Revenue 2014: $4,927,269Expenses 2014: $5,948,804Net Income 2014: -$1,021,5352014Revenue 2015: $5,323,257Expenses 2015: $5,905,642Net Income 2015: -$582,3852015Revenue 2016: $5,530,039Expenses 2016: $5,991,268Net Income 2016: -$461,2292016Revenue 2017: $5,894,745Expenses 2017: $6,357,401Net Income 2017: -$462,6562017Revenue 2018: $6,168,112Expenses 2018: $6,329,184Net Income 2018: -$161,0722018Revenue 2019: $6,602,446Expenses 2019: $6,273,059Net Income 2019: $329,3872019Revenue 2020: $7,163,416Expenses 2020: $6,768,588Net Income 2020: $394,8282020Revenue 2021: $6,659,002Expenses 2021: $6,631,026Net Income 2021: $27,9762021Revenue 2022: $6,929,715Expenses 2022: $7,241,684Net Income 2022: -$311,9692022Revenue 2023: $7,763,207Expenses 2023: $7,677,822Net Income 2023: $85,3852023Revenue 2024: $8,776,084Expenses 2024: $8,047,378Net Income 2024: $728,7062024

Highlighted filing

2024

Revenue$8,776,084
Expenses$8,047,378
Net Income$728,706

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.8$36.8$3.94$8.78$8.05$0.73
2023Detailed filing. Detailed filing data is available for this year.$31.9$36.6$4.69$7.76$7.68$0.09
2022Detailed filing. Detailed filing data is available for this year.$30.2$36.1$5.91$6.93$7.24$0.31
2021Detailed filing. Detailed filing data is available for this year.$27.5$33.2$5.71$6.66$6.63$0.03
2020Detailed filing. Detailed filing data is available for this year.$27.6$33.3$5.74$7.16$6.77$0.39
2019Detailed filing. Detailed filing data is available for this year.$26.9$33.1$6.14$6.60$6.27$0.33
2018Detailed filing. Detailed filing data is available for this year.$27.1$33.5$6.47$6.17$6.33$0.16
2017Detailed filing. Detailed filing data is available for this year.$27.5$33.8$6.36$5.89$6.36$0.46
2016Detailed filing. Detailed filing data is available for this year.$27.5$33.4$5.89$5.53$5.99$0.46
2015Detailed filing. Detailed filing data is available for this year.$29.0$34.4$5.41$5.32$5.91$0.58
2014Detailed filing. Detailed filing data is available for this year.$29.8$34.6$4.82$4.93$5.95$1.02
2013Detailed filing. Detailed filing data is available for this year.$30.5$34.3$3.80$3.69$5.38$1.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$35.7$2.11$3.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$22.9$0.54$0.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$13.5$2.55$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$8,776,084
Mission and Program Overview

Mission

Eastview at Middlebury, Inc.

1. EastViews mission is to provide a resident-centered retirement community that fosters independence and freedom, promotes a high quality of life, and is respectful of and open to all persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,567,602$19,908,722▼ $658,880
Savings and Temporary Cash Investments$7,515,999$9,038,512▲ $1,522,513
Investments Other Securities$15,799$691,479▲ $675,680
Cash and Non-Interest-Bearing Accounts$540,757--
Prepaid Expenses and Deferred Charges$6,494$84,674▲ $78,180
Accounts Receivable$92,241$10,703▼ $81,538
Total Assets$31,861,506$32,820,288▲ $958,782
Other Assets Total$3,122,614$3,086,198▼ $36,416
Liabilities
Other Liabilities$24,363,566$24,559,469▲ $195,903
Tax Exempt Bond Liabilities$11,011,325$10,755,856▼ $255,469
Deferred Revenue$964,944$1,207,369▲ $242,425
Accounts Payable and Accrued Expenses$212,159$235,033▲ $22,874
Total Liabilities$36,551,994$36,757,727▲ $205,733
Net Assets / Fund Balance
Net Assets With Donor Restrictions$448,610$113,524▼ $335,086
Net Assets Without Donor Restrictions$-5,139,098$-4,050,963▲ $1,088,135
Total Net Assets Fund Balance$-4,690,488$-3,937,439▲ $753,049
Total Liabilities and Net Assets / Fund Balance$31,861,506$32,820,288▲ $958,782

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,725,479$10,498,101$30,223,580
Equipment$174,071$803,143$977,214
Other Land Buildings$9,172-$9,172
Other Assets Org$3,049,783--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Constance LeachCEO/President/Executive DirectorFT$158,007$17,395$175,402
Andrew DixTreasurer-$87,649$4,420$92,069
Edward DunakinSecretary-$67,785$10,947$78,732

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
-Contract for Health Services-$505,723
Royal GroupRepairs and maintenance-$148,382
Control TechnologiesRepairs and maintenance-$113,420
TLC Nursing AssociatesRepairs and maintenance-$109,317
Revenue and Support

Revenue Composition

Contributions and Grants
$624,439
Program Service Revenue
$7,829,492
Investment Income
$322,153
Other Revenue
$0
All Other Contributions
$624,439
Change in Net Assets
$728,706

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$212,366Fair market value
Total Noncash Contributions2$212,366-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,772,975
Revenue Not Reported on Financial Statements
$3,109
Revenue Not Reported on Form 990
$27,452
Total Revenue per Audited Statements
$8,800,427
Total Revenue per Form 990
$8,776,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,126,157
Salaries, Compensation, and Employee Benefits$3,921,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,856,783$74,213-$2,930,996
Occupancy$1,061,355--$1,061,355
Depreciation Depletion$911,981--$911,981
Interest$492,347--$492,347
Other Employee Benefits$336,497$16,200-$352,697
Current Officers, Directors, Trustees, and Key Employees-$317,001-$317,001
Payroll Taxes$221,948$29,267-$251,215
Insurance$131,790--$131,790
Fees for Services Other$106,642--$106,642
Office Expenses$17,770$66,275-$84,045
Pension Plan Contributions$56,201$13,111-$69,312
Advertising$41,986$8,958-$50,944
Information Technology$46,719--$46,719
Fees for Services Accounting-$17,973-$17,973
Other Expenses$3,602$14,250-$17,852
Fees for Services Legal-$1,796-$1,796
Total Functional Expenses$7,488,275$559,103$0$8,047,378

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,047,378
Total Expenses per Audited Statements$8,047,378
Total Expenses per Form 990$8,047,378
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating lease payable, less current portion$20,792,510
Current portion of operating lease payable$3,193,866
Priority list deposits$290,653
Federal income taxes$282,000
Resident security deposits$440
Resident refundable entrance fees-
Resident funds-

Bond Issues

BondIssuerIssuedIssue PricePurpose
AVT Housing Finance Agency2018-12-27$12,870,000Mortgage revenue bond

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$12,870,000-$1,060,513$637,557

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 11B

Prior to filing, the Finance Committee and the Board of Directors review the Form 990.

Form 990, Part VI, Line 12C

For conflicts of interest that are noted, the Executive Director and the Board evaluate how the conflict can be mitigated and establish appropriate controls and oversign to monitor

Form 990, Part VI, Line 15A

Board of Directors and management review all compensation for all staff annually as part of the budgeting process.

Form 990, Part VI, Line 15B

Board of Directors and management review all compensation for all staff annually as part of the budgeting process.

Form 990, Part VI, Line 19

All documents available upon request.

Filing and Contact Details

Filer

Filer Name
EastView at Middlebury Inc
EIN
20-3537263
Phone
8029897500
Address
100 EastView Terrace, Middlebury, VT 05753

Signing Officer

Name
Andrew H Dix
Title
Director of Finance
Phone
8029897500
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew H Dix
Formed
2006
Legal Domicile
Vt
Voting Board Members
12
Independent Board Members
11
Employees
162
Volunteers
15

Preparer

Firm
Wisehart Wimette Associates PLC
Address
159 River Road, Essex Junction, VT 05452
Preparer
Kirk P Wisehart
Phone
8028791055
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4

EastViews aging-in-place model includes 4 distinct neighborhoods. EastViews most independent residential setting is a neighborhood of 30 cottages freestanding or two cottages joined by two single car garages. All other residential options are available within our 2-story Inn. For those seeking support and conveniences, EastView provides 32 independent living one and two-bedroom apartments where residents have easy access to a robust calendar of engagement, weekly housekeeping, and a chef-prepared daily main meal as part of their monthly fee. Both the Cottages and Independent Living Apartments are secured with an Entry Fee coupled with a monthly fee. To date, the Entry Fee Agreement provides a 90 refund of the original Entry Fee less a 3-5 refurbishing fee when a resident leaves their cottage or independent living apartment, and a new resident has paid a full Entry Fee for that home. Community spaces in the independent living areas of the Inn include the Terrace Dining Room, a Bistro open for lunchtime meals several times a week, a large Community Room that hosts a wide variety of gathers, plus a library, fitness room, a comfy fireplaced gathering space in the lobby, and art room. In addition, the Inn has two elevators and several public bathrooms. IL Apartment residents may also secure a garage bay for an additional Entry Fee in one of two 4-bay garage units on the EastView campus. Residents seeking care in addition to engagement, dining, and maintenance services, have three distinct neighborhood options for securing this added service. EastView holds a Vermont Residential Care Home license from the Department of Disabilities, Aging Independent Living - Division of Licensing Protection within the Agency of Human Services for 55 licensed beds 22 Residential Care beds, 18 Memory Care beds, and 15 Floating Residential Care License slots. The Residential Care neighborhood MeadowSweet offers 19 apartments ranging from a studio to 1-bedroom and 2-bedroom apartments. MeadowSweet has its own Dining Room, community Living Room, a hub for nurses and caregivers, and a laundry room. GardenSong, EastViews memory care neighborhood, offers 18 studio apartments. It also has its own Dining Room, community Living Room, an activity room, and a secure garden area with walking path off of the Dining Room. EastViews Floating Residential Care License for up to 15 independent living residents who reside in an IL apartment in the Inn, enables EastView to deliver residential care to Independent Living apartment residents without their needing to move immediately upon needing addition support and care with activities of daily living. EastView utilizes staff within our Residential Care and Memory Care neighborhoods to support Residents on Floating License thus the number of active residents on Floating License is dependent on our staffing within our Health Services department. We also offer several other enhanced services such as transportation to appointments or off-site engagements, pet care, tech support, companionship.

Financial Statement Notes

X 2

The Organization annually files an IRS Form 990, Return of Organization Exempt Form Income Tax, tax return in the U.S. federal jurisdiction. The Organization is no longer subject to U.S. federal income tax examination by tax authorities for the years prior to 2021 In the normal course of business, the Organization is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, the Organization believes it has taken no uncertain tax positions that could have an effect on its financial statements at December 31, 2024 and 2023.

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