2024-05-15T11:43:19-07:00 2023-06-30 331141310 MARK W ROVINSKI CPA LLC 139 E SCENIC RD SPRINGFIELD PA 19064 990 2022-07-01 311510952 ARCADIA RETIREMENT COMMUNITY INC ARCA 9739194947 609 PATTEN AVENUE LONG BRANCH NJ 07740 LAWRENCE SARGENT PRESIDENT 9739194947 2024-05-14 true LAWRENCE SARGENT XXX-XX-XXXX true Mark Rovinski P00848384 2158050915 X 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z LAWRENCE SARGENT 10372 B ONAVIE COVE DRIVE FORT MYERS FL 33966 0 false X N/A X 1997 NJ NURSING HOME FOR THE ELDERLY AND INFIRMED. THE ORGANIZATION OPERATED THE FACILITY UNTIL AUGUST 30, 2019, WHEN THE NURSING HOME RELATED ASSETS WERE SOLD TO HAMILTON PROPCO LLC, AND TRANSFERRED OPERATIONS TO HAMILTON OPERATOR LLC. 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 46356 287176 46356 287176 -46356 -287176 337923 50747 3184 3184 334739 47563 TO PROVIDE THE HIGHEST QUALITY CARE FOR THE ELDERLY AND INFIRMED IN ORDER TO MEET THEIR PHYSICIAL, EMOTIONAL, SOCIAL AND SPIRITUAL NEEDS IN AN ATMOSPHERE OF COMPASSION, EMPATHY, AND DIGNITY. false false 251651 0 0 THE ORGANIZATION OPERATED THE 126-BED SKILLED NURSING FACILITY LOCATED IN HAMILTON SQUARE, NEW JERSEY. IT BEGAN OPERATIONS IN 1997 AND PROVIDED THE HIGHEST QUALITY OF CARE FOR THE ELDERLY AND INFIRMED. ON AUGUST 30, 2019, THE FACILITY'S NURSING HOME RELATED ASSETS WERE SOLD TO HAMILTON PROPCO LLC, AND TRANSFERRED OPERATIONS TO HAMILTON OPERATOR LLC. ON SEPTEMBER 1, 2020, ARCADIA RETIREMENT COMMUNITY INC. DISTRIBUTED THE NET PROCEEDS FROM THE SALE TO GREATER MERCER AREA HEALTHCARE FOUNDATION INC. (EIN #84-2292072), A 501(C)(3) TAX EXEMPT NON PROFIT FOUNDATION. ARCADIA RETIREMENT COMMUNITY, INC. IS IN THE PROCESS OF WINDING DOWN ITS AFFAIRS AND WILL DISTRIBUTE ANY REMAINING FUNDS TO GREATER MERCER AREA HEALTHCARE FOUNDATION INC. AND THEN REQUEST DISSOLUTION OF THE ENTITY. 251651 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false true 1 0 true 0 false false false false false false false false false false false false false false false false X 3 3 false false false false false false false true true false false true true true false true true false false false NJ X TAXPAYER 6095861114 1501 ROUTE 33 HAMILTON SQUARE NJ 08690 X LAWRENCE SARGENT PRESIDENT 5.00 X X 0 0 0 CORY WINGERTER TREASURER 1.00 X X 0 0 0 GEORGE MOUTIS SECRETARY 1.00 X X 0 0 0 false false false 0 0 0 0 0 0 0 35220 0 35220 0 23651 23651 0 0 305 0 305 0 OTHER EXP - DIST TO GMAH FOUNDATION INC. 228000 228000 0 0 287176 251651 35525 0 337923 50747 337923 50747 3184 3184 3184 3184 X 334739 47563 334739 47563 337923 50747 -287176 X false false false X 0 0 9053649 1535314 10588963 0 0 0 9053649 1535314 10588963 0 0 0 10588963 1033 3291 865 5189 1033 3291 865 5189 10594152 0.99950 0.99930 0.00050 0.00040 X OTHER EXP-DISTRIBUTI 2023-04-10 228000 CASH 842292072 GREATER MERCER AREA HEALTHCARE FOU PO BOX 272 MONMOUTH BEACH NJ 07750 501(C)(3) true false false false Part II, Line 2e LAWRENCE SARGENT, BOARD PRESIDENT; CORY WINGERTER, TREASURER, AND GEORGE MOUTIS, SECRETARY ARE TRUSTEES OF ARCADIA RETIREMENT COMMUNITY, INC. (ARCADIA) AND ARE DIRECTORS OF GREATER MERCER AREA HEALTHCARE FOUNDATION, INC. (GMAH FOUNDATION). Part II, Line 2e ON AUGUST 10, 2020, ARCADIA RETIREMENT COMMUNITY, INC. WAS GRANTED PERMISSION BY THE ATTORNEY GENERAL OF THE STATE OF NEW JERSEY TO TRANSFER REMAINING NET PROCEEDS FROM THE SALE OF ARCADIA ASSETS TO GMAH FOUNDATION (EIN # 84-2292072). AS OF JUNE 30, 2023 THERE WERE TWO NET PROCEEDS TRANSFERS: THE FIRST DISTRIBUTION OF $1,409,930 OCCURRED ON SEPTEMBER 1, 2020, THE YEAR OF SALE, AND THE SECOND DISTRIBUTION OF $228,000 OCCURRED ON APRIL 10, 2023. SAID DISTRIBUTION IS REPORTED AS "OTHER EXP - DIST TO GMAH FOUNDATION, INC." ON STATEMENT OF FUNCTIONAL EXPENSES, PART IX, LINE 24a FOR BOTH THE 2020 AND 2022 TAX RETURNS. Pt VI, Line 11b OFFICERS, BOARD MEMBERS, AND TRUSTEES ARE PRESENTED A DRAFT COPY OF FORM 990 IN ORDER TO QUESTION, REVIEW AND COMMENT UPON WINDING UP AND DISSOLUTION EXPENSES. THEN THE FINAL FORM 990 IS PREPARED AND SIGNED BY THE PRESIDENT. Pt VI, Line 12c THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY. PURSUANT TO SUCH POLICY, OFFICERS, BOARD MEMBERS, AND TRUSTEES ARE REQUIRED TO DISCLOSE AND UPDATE ANNUALLY THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THIS INCLUDES A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS AND THOSE OF FAMILY MEMBERS. ALL OFFICERS, BOARD MEMBERS, AND TRUSTEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICIES. Pt VI, Line 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.