Health Care
(E21)
IRS Verified
DX Registered
990 on File
ALDERSBRIDGE COMMUNITIES
Financial strength (30%)
75/100
Reliability (20%)
55/100
Effectiveness (25%)
80/100
Impact (25%)
65/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Our mission is to provide caring and affordable communities and services so older adults can thrive, living lives with comfort, dignity, self-determination, and grace. We aspire to create compassionate, innovative, inclusive, and affordable elder care services that are available to all Rhode Islanders.
Financial Overview — FY 2024
$6.3M
Total Revenue
$3.0M
Total Expenses
$749K
Net Assets
51
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
57.8%
Fundraising Efficiency
0.0%
Operating Reserve
2.96x
Liability-to-Asset
42.5%
Revenue Diversification
50.5%
Executive Compensation
$525K
Compared with Peers
FY 2024
Compared with 3,080 similar organizations
(United States, Health Care, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
57.8% | 84.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
42.2% | 11.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 102.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.0 mo | 9.9 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
42.5% | 13.5% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
50.5% | 91.1% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
71.7% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-23.0% | 7.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
52.0% | 2.4% |
P10P90
|
Impact
3 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Free Casemanagement Services through the Aldersbridge Navigator Program | 50 | $1,000.00 | — | Per Year |
| Affordable Housing for Elders in Need, including homeless elders | 300 | $500.00 | — | Per Month |
| Activties programs for elders' loved ones to enjoy and connect as a community | 150 | $100.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $6.3M | $3.0M | $749K | 57.8% | 51 |
| 2023 | $3.7M | $3.9M | $1.3M | 64.0% | 18 |
| 2022 | $3.9M | $3.6M | $1.6M | 63.7% | 17 |
| 2021 | $3.4M | $3.2M | N/A | — | 18 |
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