2024-02-14T09:38:15-06:00 2022-12-31 043191789 MP PC ONE MONARCH PLACE SPRINGFIELD MA 01144 990 2022-01-01 042996627 LATHROP COMMUNITY INC LATH 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 PATRICK ARGUIN CEO 4135860006 2024-02-14 1 PATRICK ARGUIN 999009999 0 PATRICK LEARY P00638212 4137391800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK ARGUIN 7551201 0 X WWW.LATHROP.KENDAL.ORG X 1988 MA TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 18 18 84 0 0 0 153326 698287 6522040 6815455 29161 27574 0 0 6704527 7541316 0 0 0 0 2638518 2799006 0 0 0 4593351 4857380 7231869 7656386 -527342 -115070 20123468 19646574 45262314 45182894 -25138846 -25536320 TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 0 0 6138373 6815455 SALES, MAINTENANCE OF RESIDENTIAL UNITS AND COMMON AREAS, RESALE FOR RESIDENTS, RESIDENT ACTIVITIES AND SUPPORT SERVICES. 6138373 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 84 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 0 MA X HOLLY SMITH-BOVE 4135860006 100 BASSETT BROOK DR EASTHAMPTON MA 01027 CHARLES JOHNSON CHAIR 8.00 X X 0 0 0 ANNA LANNING DIRECTOR 1.00 X 0 0 0 BILL HOGAN DIRECTOR 1.00 X 0 0 0 BRUCE HAWKINS DIRECTOR 1.00 X 0 0 0 SHARON KLETIZIEN DIRECTOR 1.00 X 0 0 0 RUTH CONSTANTINE TREASURER 3.00 X X 0 0 0 JACK DEVLIN DIRECTOR 1.00 X 0 0 0 OWEN ZARET DIRECTOR 1.00 X 0 0 0 ELAINE REALL DIRECTOR 1.00 X 0 0 0 MARK PETERSON DIRECTOR 1.00 X 0 0 0 MARLISA PARKER DIRECTOR 1.00 X 0 0 0 CAROL NEUBERT DIRECTOR 1.00 X 0 0 0 DANIEL LESLEY DIRECTOR 1.00 X 0 0 0 ERIN TAUTZNIK DIRECTOR 1.00 X 0 0 0 ELISABETH WEISSBACH DIRECTOR/INTERIM CEO 40.00 X X 43795 0 882 MARILYN RICHARDS DIRECTOR 5.00 X 0 0 0 LISA HALBERT SECRETARY 2.00 X X 0 0 0 LARRY HUNT VICE-CHAIR 3.00 X X 0 0 0 CYNTHIA JEROME PAST CEO 40.00 X 151012 0 13387 HOLLY SMITH-BOVE CFO 40.00 X 129670 0 10383 KATHI BROWN DIRECTOR OF HR 40.00 X 104904 0 12112 429381 0 36764 3 1 1 0 SPRINGVALLEY LANDSCAPE 133 ELM ST HATFIELD MA 01038 LANDSCAPING AND SNOW REMOVAL 330305 RICARDO'S PAINTING 27 CHESTER STREET SPRINGFIELD MA 01105 PAINTING SERVICES 118398 2 515580 182707 698287 RESIDENT FEES 531390 6063079 6063079 AMORT OF ENT FEES 531390 478465 478465 OTHER FEES 812900 248492 248492 SUPPORT SERVICE FEES 812900 25419 25419 6815455 26466 26466 10993 9885 1108 1108 1108 7541316 6816563 0 26466 349129 349129 2209267 1769102 440165 11980 11980 228630 144467 84163 119904 119904 81602 81602 96492 3718 92774 900926 900926 91720 91720 1974324 1744716 229608 432135 432135 GROUNDS MAINTENANCE 342366 342366 OTHER REPAIRS AND MAINT 283666 283666 FOOD SERVICE SUPPLIES 260253 260253 SUPPLIES AND OTHER 256240 165304 90936 17752 17752 7656386 6138373 1518013 0 787983 939001 327483 238972 101948 121270 45800005 29186874 16915996 16613131 1512886 1257028 477172 477172 20123468 19646574 831657 445852 968400 1317496 1707260 1512460 41754997 41907086 45262314 45182894 X -25367236 -25761437 228390 225117 -25138846 -25536320 20123468 19646574 -115070 -274617 -7787 X 0 1 X 1 0 X 93017 109820 110849 153326 182707 649719 5538029 60866639 6019893 6522040 6815455 85762056 31507 30143 26024 29161 116835 5662553 61006602 6156766 6704527 6998162 86528610 0 0 0 86528610 5662553 61006602 6156766 6704527 6998162 86528610 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1445984 -239450 1206534 1394856 51128 1445984 1240250 154606 1394856 1064005 176245 1240250 1101011 -37006 1064005 0.81340 0.14260 0.04400 0 0 1537420 1537420 31925546 21434562 10490984 11007400 6964979 4042421 1088230 636501 451729 241409 150832 90577 16613131 CHARITABLE GIFT ANNUNITIES 35054 REFUNDABLE ENTRANCE FEES 41214532 DEPOSIT-PROSPECTIVE RESIDENTS 657500 41907086 7258912 -274617 -7787 -282404 7541316 0 7541316 7656386 0 7656386 0 7656386 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTERESTS AGREEMENTS PART V, LINE 4 INCOME FROM PERMANENTLY RESTRICTED ENDOWMENT FUNDS IS TEMPORARILY RESTRICTED AND WILL BE USED FOR RESIDENCY ASSISTANCE, PROFESSIONAL DEVELOPMENT FOR LATHROP'S EMPLOYEES, COLLEGE LEVEL SCHOLARSHIP ASSISTANCE FOR CHILDREN OF LATHROP'S EMPLOYEES, AND OPERATING SUPPORT AS DETERMINED BY LATHROP'S MANAGEMENT. INCOME FROM BOARD DESIGNATED ENDOWMENT FUNDS WILL BE USED TO ACCOMPLISH OTHER SPECIFIC OBJECTIVES OF THE ORGANIZATION. X X X 0 0 0 0 0 0 0 0 0 CYNTHIA JEROME PAST CEO 151012 0 0 0 0 0 0 0 13387 0 164399 0 0 0 FORM 990, PART VI, SECTION A, LINE 7B LATHROP HAS AN AFFILIATION AGREEMENT WITH THE KENDAL CORPORATION (KENDAL) LATHROP REMAINS A SEPARATE CORPORATION WITH ITS OWN BOARD OF DIRECTORS. UNDER THE AFFILIATION AGREEMENT, KENDAL MUST APPROVE 1) THE ELECTION OF BOARD MEMBERS OF LATHROP, 2) AMENDMENTS TO THE ARTICLES OF INCORPORATION AND CERTAIN SECTIONS OF THE BYLAWS, 3) INCURRENCE OF DEBT IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, 4) CHANGES IN THE CORPORATE PURPOSE, 5) USE OF THE NAME "KENDAL", 6) THE SUBSTANCE OF RESIDENT CONTRACTS, 7) PURCHASE, SALE, LEASE OR OTHER DISPOSITION OF REAL ESTATE OR IMPROVEMENTS THEREON WITH THE VALUE IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, AND 8) DISSOLUTION, MERGER OR ACQUISTION OF ANOTHER ENTITY. KENDAL PROVIDES MANAGEMENT ADVICE AND EXPERTISE IN EVERY AREA OF OPERATIONS TO LATHROP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS WILL RECEIVE THE FORM 990 AND ITS ACCOMPANYING SCHEDULES AND PERFORM A BRIEF REVIEW FOR OVERALL ACCURACY AND COMPLETENESS BEFORE SIGNING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD OF DIRECTORS, SENIOR MANAGERS, AND DIRECTORS EMERITUS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. A BOARD COMMITTEE HAS PRIMARY OVERSIGHT FOR THE COMPLETION OF THE CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE EXECUTIVE DIRECTOR COMPENSATION. THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPARABILITY WAGE DATA DERIVED FROM BOTH LOCAL AND NATIONAL SALAY SURVEY SOURCES. EXECUTIVE DIRECTOR IS NOT PART OF THE DELIBERATION REGARDING HIS COMPENSATION. EXECUTIVE DIRECTOR IS RESPONSIBLE FOR THE DETERMINATION OF THE DIRECTOR OF FINANCE'S COMPENSATION, IN CONSULTATION WITH KENDAL CORPORATION AND LATHROP'S DIRECTOR OF HUMAN RESOURCES, DERIVED FROM BOTH LOCAL AND NATIONAL SALARY SURVEY SOURCES. DIRECTOR OF FINANCE IS NOT PART OF THE DELIBERATION REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 LATHROP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 7B: LATHROP HAS AN AFFILIATION AGREEMENT WITH THE KENDAL CORPORATION (KENDAL). LATHROP REMAINS A SEPARATE CORPORATION WITH ITS OWN BOARD OF DIRECTORS. UNDER THE AFFILIATION AGREEMENT, KENDAL MUST APPROVE 1) THE ELECTION OF BOARD MEMBERS OF LATHROP, 2) AMENDMENTS TO THE ARTICLES OF INCORPORATION AND CERTAIN SECTIONS OF THE BYLAWS, 3) INCURRENCE OF DEBT IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, 4) CHANGES IN THE CORPORATE PURPOSE, 5) USE OF THE NAME "KENDAL", 6) THE SUBSTANCE OF RESIDENT CONTRACTS, 7) PURCHASE, SALE, LEASE OR OTHER DISPOSITION OF REAL ESTATE OR IMPROVEMENTS THEREON WITH THE VALUE IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, AND 8) DISSOLUTION, MERGER OR ACQUISTION OF ANOTHER ENTITY. KENDAL PROVIDES MANAGEMENT ADVICE AND EXPERTISE IN EVERY AREA OF OPERATIONS TO LATHROP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B: ALL BOARD MEMBERS WILL RECEIVE THE FORM 990 AND ITS ACCOMPANYING SCHEDULES AND PERFORM A BRIEF REVIEW FOR OVERALL ACCURACY AND COMPLETENESS BEFORE SIGNING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD OF DIRECTORS, SENIOR MANAGERS, AND DIRECTORS EMERITUS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. A BOARD COMMITTEE HAS PRIMARY OVERSIGHT FOR THE COMPLETION OF THE CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE EXECUTIVE DIRECTOR COMPENSATION. THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPARABILITY WAGE DATA DERIVED FROM BOTH LOCAL AND NATIONAL SALARY SURVEY SOURCES. EXECUTIVE DIRECTOR IS NOT PART OF THE DELIBERATION REGARDING HIS COMPENSATION. EXECUTIVE DIRECTOR IS RESPONSIBLE FOR THE DETERMINATION OF THE DIRECTOR OF FINANCE'S COMPENSATION, IN CONSULTATION WITH KENDAL CORPORATION AND LATHROP'S DIRECTOR OF HUMAN RESOURCES, DERIVED FROM BOTH LOCAL AND NATIONAL SALARY SURVEY SOURCES. DIRECTOR OF FINANCE IS NOT PART OF THE DELIBERATION REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 LATHROP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE KENDAL CORPORATION 1107 EAST BALTIMORE PIKE KENNETT SQUARE PA 19348 232688382 ADMIN SERVICE PA 501(C)(3) 11C N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 THE KENDAL CORPORATION M 229608 FAIR VALUE