2024-11-15T12:00:35-06:00 2023-12-31 474313757 SANNELLA & ASSOCIATES 4 FAIRBANKS LN NORTH READING MA 018642836 990 2023-01-01 042104374 Berkeley Retirement Home Inc BERK 9786821614 150 Berkeley Street Lawrence MA 01841 Diane Shikrallah President 9786821614 2024-11-15 1 1 JOHN SANNELLA P02045240 9788883112 2024-11-15 X 2023 2024-10-15 13:58:12Z Diane Shikrallah 150 Berkeley Street Lawrence MA 01841 3804463 0 X www.berkretirement.com X 1942 MA Dedicated to the excellence of care, the maintenance & restoration of health & holistic wellness. 15 13 24 0 0 0 515 29111 2966652 2928090 1246 51752 22472 579954 2990885 3588907 0 0 0 0 2224361 2499968 0 0 0 922040 898122 3146401 3398090 -155516 190817 1658223 2070351 491752 644139 1166471 1426212 None 0 0 2942131 3540093 Skilled Nursing Facility and Retirement Home - The Berkeley Retirement Home, Inc. is dedicated to the excellence of care, the maintenance and restoration of health, the promotion of holistic wellness, the relief of suffering and the belief in the fullness of life and the dignity of the individual through the operation of a 44-bed nursing and retirement home in Lawrence, Massachusetts. 2942131 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 24 1 0 0 0 0 0 0 0 0 0 0 X 15 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X Karen Kummerer 9786821614 150 Berkeley Street Lawrence MD 01841 X Diane Shikrallah President 2.00 X X 0 0 0 George Moriarty Vice President 2.00 X X 0 0 0 Alan Dawson Treasurer 2.00 X X 0 0 0 Dennis Sweeney Secretary 2.00 X X 0 0 0 Peter J Caruso Member 2.00 X 0 0 0 Christopher Demaine Member 2.00 X 0 0 0 Connie Doto Member 2.00 X 0 0 0 Paula Drelick Member 2.00 X 0 0 0 Sheila Dunne Member 2.00 X 0 0 0 Kris Fleming Member 2.00 X 0 0 0 Jerome A Jozak Member 2.00 X 0 0 0 Rev Jeffrey B Snyder Member 2.00 X 0 0 0 Robert Perreault Life Member 2.00 X 0 0 0 0 0 0 0 0 0 0 0 29111 7692 29111 Skilled Nursing Facili 623000 2906989 2906989 21101 21101 2928090 19703 19703 247605 215556 32049 32049 32049 ERTC 623000 579954 579954 579954 3588907 3540093 0 19703 109711 109711 141375 141375 1949529 1949529 140376 124935 15441 158977 141490 17487 14126 14126 47177 47177 7136 7136 10318 3874 6444 3890 3890 232701 218503 14198 80884 74332 6552 Dietary 142830 142830 Other operating expense 90447 18725 71722 Medical Supplies & Drug 83569 83569 Plant expense 74411 74411 110633 109933 700 3398090 2942131 455959 0 41842 267587 164043 269100 28099 49157 4488236 3830805 560703 657431 863536 827076 1658223 2070351 475241 632819 16511 11320 491752 644139 X 1161267 1421008 5204 5204 1166471 1426212 1658223 2070351 190817 68924 0 X 0 1 X 1 0 X 0 825 18200 515 29111 48651 2593150 2766640 2655302 1966652 2928090 12909834 2593150 2767465 2673502 1967167 2957201 12958485 0 0 0 12958485 31479 32 68470 1246 51752 152979 31479 32 68470 1246 51752 152979 579954 579954 2624629 2767497 2741972 1968413 3588907 13691418 0.94650 0.98950 0.01120 0.01010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 16511 5191 11320 1 43750 43750 2123470 1915152 208318 1684707 1303131 381576 636309 612522 23787 657431 3649995 68924 68924 3581071 7836 7836 3588907 3390254 0 3390254 7836 7836 3398090 Part IV, Line 1b: Resident funds held in trust Part IV, Line 2b Escrow or custodial liability is for resident funds held in trust. Part X, Line 2 The Organization is a nonprofit corporation as described in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes on related income pursuant to Section 501(a) of the code. The Organization files as a tax-exempt organization. Should that status be challenged in the future, the Organization's returns are open for examination by federal and state taxing authorities for three years after filing. The Organization follows the policy for uncertainty in income taxes to be recognized in an entity's financial statements. No uncertain income tax positions were identified for the year ended December 31, 2023. Form 990, Part VI, Section B, line 11b Prior to filing with the IRS, the executive committee and the director of finance review the 990. Pertinent information is reviewed with the full board at the next board meeting. Form 990, Part VI, Line 11b Prior to filing with the IRS, the executive committee and the director of finance review the 990. Pertinent information is reviewed with the full board at the next board meeting. Form 990, Part VI, Line 12c All employees and board members are subject to the organization's conflict of interest policy. All employees must disclose all real or apparent conflicts of interest that they discover or that have been brought to their attention in connection with the corporation activities. Determinations of whether a conflict exists are made at the management level and reviewed with the board on an annual basis. The board of directors will then report if there are any conflicts of interest that exist within the organization. In addition, when an individual is deeemed to have a conflict of interest, that individual will abstain from making any motions, voting, executing agreements, or taking any direct action on behalf of the corporation. Form 990, Part VI, Line 15a An annual review to determine compensation is conducted for all employees including the administrator. This review is initiated by the administrator and is then reviewed and approved by the board of directors. To assist in this process, the report published by Massachusetts Senior Care titled "Employment trends in Massachusetts Nursing Facilities" was utilized. This report provided salary information for a variety of nursing home positions and presented the results by county and state wide. In addition, we reached out to another local nursing home and compared our salary structure and rates with theirs. This allowed us the opportunity to ensure that the compensation we pay employees is comparable within our community. Form 990, Part VI, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VI, Section B, line 12c All employees and board members are subject to the organization's conflict of interest policy. All employees must disclose all real or apparent conflicts of interest that they discover or that have been brought to their attention in connection with the corporation activities. Determinations of whether a conflict exists are made at the management level and reviewed with the board on an annual basis. The board of directors will then report if there are any conflicts of interest that exist within the organization. In addition, when an individual is deeemed to have a conflict of interest, that individual will abstain from making any motions, voting, executing agreements, or taking any direct action on behalf of the corporation. Form 990, Part VI, Section B, line 15a An annual review to determine compensation is conducted for all employees including the administrator. This review is initiated by the administrator and is then reviewed and approved by the board of directors. To assist in this process, the report published by Massachusetts Senior Care titled "Employment trends in Massachusetts Nursing Facilities" was utilized. This report provided salary information for a variety of nursing home positions and presented the results by county and state wide. In addition, we reached out to another local nursing home and compared our salary structure and rates with theirs. This allowed us the opportunity to ensure that the compensation we pay employees is comparable within our community. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.