Charity Search / SALEM COMMUNITY CORP
Human Services (P750) IRS Verified DX Registered 990 on File

SALEM COMMUNITY CORP

EIN: 04-2696489 · WORCESTER, MA 01606-1255 · United States · FY 2024 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 71/100
Reliability (20%) 81/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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SALEM COMMUNITY CORP logo
23
CharityAI™ Score
out of 100
Mission Statement

Briarwood’s mission is to enhance the well-being, independence and personal fulfillment of its residents and other seniors by providing high-quality, coordinated housing, health, wellness, and supportive services consistent with the caring spirit of the founding churches.

Financial Overview — FY 2024
$26.6M
Total Revenue
$26.9M
Total Expenses
$-11,358,051
Net Assets
325
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 88.6%
Fundraising Efficiency 0.0%
Operating Reserve -5.06x
Liability-to-Asset 115.4%
Revenue Diversification 90.6%
Compared with Peers
FY 2024
Compared with 2,032 similar organizations (United States, Human Services, $10M–$100M 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
88.6% 87.5%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
11.4% 11.1%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.2%
P10P90
Top quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
0.0% 423.7%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
-5.1 mo 6.6 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
115.4% 32.8%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
90.6% 92.7%
P10P90
Above median
Revenue growth
Year over year revenue growth
4.5% 7.6%
P10P90
Expense growth
Year over year expense growth
-0.2% 6.9%
P10P90
Surplus margin
Surplus as a share of revenue
-1.2% 1.6%
P10P90
CharityAI™ Evaluation — 2025
23 / 100
0
Financial
61
Reliability
33
Effectiveness
10
Impact
Financial Strength (30%) 0
Reliability & Transparency (20%) 61
Program Effectiveness (25%) 33
Impact & Outcomes (25%) 10

0 programs

IRS Verified 85% Data Complete
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $26.6M $26.9M $-11,358,051 88.6% 325
2023 $25.5M $27.0M $-10,759,546 88.4% 346
2022 $22.9M $24.2M $-10,580,765 82.5% 318
2021 $20.1M $21.3M N/A 345
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Organization Details
EIN
04-2696489
State
MA
City
WORCESTER
ZIP
01606-1255
Classification
P750
Category
Human Services
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1984
Foundation Code
15
Form 990
On File
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