2024-09-19T09:15:19-05:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-01-01 050262584 SCANDINAVIAN HOME INC SCAN 4014611433 1811 BROAD STREET CRANSTON RI 02905 COLETTE SILVERMAN EXECUTIVE DIRECTOR 4014611433 2024-09-13 1 0 MICHAEL E CRISCIONE P01456801 4014214800 2024-09-13 2023 2024-08-08 14:25:15Z SCANDINAVIAN COMMUNITIES COLETTE SILVERMAN 1811 BROAD STREET CRANSTON RI 02905 10458417 0 X WWW.SCANDINAVIANCOMMUNITIES.ORG X 1930 RI TO PROVIDE A CONTINUUM OF EXCELLENT, COMPASSIONATE AND INNOVATIVE CARE TO ENABLE THOSE WE SERVE TO ATTAIN OPTIMAL WELLNESS AND QUALITY OF LIFE. 12 12 174 2 0 0 1332222 148327 8257005 8293066 363603 426799 -378822 641024 9574008 9509216 0 0 0 0 6237152 5925880 0 0 0 4508126 5086456 10745278 11012336 -1171270 -1503120 12534198 11606562 3887878 4038123 8646320 7568439 SCANDINAVIAN HOME, INC. OPERATES A 74 BED NURSING FACILITY AND A 35 UNIT ASSISTED LIVING FACILITY ADJACENT TO EACH OTHER. 0 0 7996745 6822462 SCANDINAVIAN HOME, INC. OPERATES A 74 BED NURSING FACILITY. 1400500 1470604 SCANDINAVIAN HOME, INC. OPERATES A 35 UNIT ASSISTED LIVING FACILITY. 627937 SCANDINAVIAN HOME, INC. HAS A MEMBERSHIP INTEREST IN OCEAN STATE ASSISTED LIVING, A NONPROFIT ORGANIZATION WHICH DEVELOPED AND MANAGES AN 84-UNIT ASSISTED LIVING COMMUNITY LOCATED IN EAST GREENWICH, RHODE ISLAND. 9397245 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 174 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X COLETTE SILVERMAN 4014611433 1811 BROAD STREET CRANSTON RI 02905 PAUL SWANSON PRESIDENT 4.00 X X 0 0 0 JOEL JOHNSON VICE PRESIDENT 1.00 X X 0 0 0 THOMAS C PEARSON TREASURER 1.00 X X 0 0 0 WAYNE KEZIRIAN SECRETARY 1.00 X X 0 0 0 PAUL CALITRI DIRECTOR 1.00 X 0 0 0 KATHERINE DESIMONE DIRECTOR 1.00 X 0 0 0 LEIF RESLOW DIRECTOR EFF. JUNE 2023 1.00 X 0 0 0 JEAN LARKIN DIRECTOR 1.00 X 0 0 0 SAMANTHA MCCARTHY DIRECTOR 1.00 X 0 0 0 RONALD S OHSBERG DIRECTOR 1.00 X 0 0 0 PATRICIA A THOMAS DIRECTOR 1.00 X 0 0 0 ALLEN R WATERS DIRECTOR 1.00 X 0 0 0 MARGARET MOCK SECRETARY THROUGH JUNE 2023 1.00 X X 0 0 0 CONSTANCE JAQUITH DIRECTOR OF FINANCE 40.00 X 136845 0 11602 COLETTE SILVERMAN EXECUTIVE DIRECTOR 40.00 X 153881 0 4989 SUZANNE CESANA ADMINISTRATOR 40.00 X 134569 0 11844 SUSAN INTOCCIA RN MANAGER- INFECTION CONT 40.00 X 104958 0 13930 530253 0 42365 4 0 1 0 UNIDINE 3 INTERNATIONAL DR 200 RYE BROOK NY 10573 DIETARY SERVICES 654010 MAS MEDICAL STAFFING 16 BROWN STREET NORTH PROVIDENCE RI 02904 PURCHASED NURSING SERVICES 620269 HEALTHCARE SERVICE GROUP 27 MERIDEN AVE 2ND FLOOR SOUTHINGTON CT 06489 HOUSEKEEPING SERVICES 365796 CARELINK 400 MASSASOIT AVE STE 113 EAST PROVIDENCE RI 02914 THERAPY SERVICES 319013 PHARMERICA 805 N WHITTINGTON PKWY LOUISVILLE KY 40222 PHARMACY SERVICES 130708 6 148327 148327 PATIENT SERVICE REVENUE 623000 8293066 8293066 8293066 207089 207089 1168911 949201 219710 219710 219710 GAIN ON EQUITY INVESTMENT 623000 627937 627937 13087 13087 641024 9509216 8921003 0 439886 X 307317 307317 4664889 4188771 476118 78966 74159 4807 464499 399233 65266 410209 346732 63477 16475 16475 86196 86196 34132 34132 1958205 1861611 96594 31458 31458 161817 161817 64377 64377 845719 845719 11192 11192 138401 138401 414438 414438 184338 184338 FOOD 444924 444924 RESIDENT SUPPLIES 416796 416796 BAD DEBTS 114182 114182 163806 70931 92875 11012336 9397245 1615091 0 1141311 636702 567565 553058 104899 146947 17445179 13950288 3793217 3494891 5628357 5343478 803549 1431486 495300 0 12534198 11606562 735973 1013940 3151905 3024183 3887878 4038123 X 8456309 7419565 190011 148874 8646320 7568439 12534198 11606562 -1503120 425239 0 X 0 1 X 1 0 X 440036 294420 1975195 1332222 148327 4190200 9066775 8480856 7922678 8257005 8293066 42020380 9506811 8775276 9897873 9589227 8441393 46210580 0 0 0 46210580 174148 146479 142336 141533 207089 811585 174148 146479 142336 141533 207089 811585 35004 80673 58129 17108 13087 204001 9715963 9002428 10098338 9747868 8661569 47226166 0.97850 0.96760 0.01720 0.01650 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 35,004. 2020 AMOUNT: $ 80,673. 2021 AMOUNT: $ 58,129. 2022 AMOUNT: $ 17,108. 2023 AMOUNT: $ 13,087. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5628357 759 766920 1052558 5343478 8761843 786 -1358100 1776172 5628357 8719503 565 1242012 1200237 8761843 8277936 5657 1052369 616459 8719503 7820405 196026 1449676 1188171 8277936 1.00000 0 0 321818 321818 4604462 4604462 0 9229607 6384164 2845443 3145100 2823022 322078 144192 138640 5552 3494891 MEMBERSHIP INTEREST IN OCEAN STATE ASSISTED LIVING 1431486 F 1431486 X 9900323 425239 425239 9475084 34132 34132 9509216 10978204 0 10978204 34132 34132 11012336 PART V, LINE 4: THE ENDOWMENT FUND IS TO BE USED AS SEED MONEY FOR NEW VENTURES, BUILDING RENOVATIONS AND TO SUPPLEMENT OPERATIONS. PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF INTEREST EXPENSE. X X 0 0 0 0 0 0 0 0 0 COLETTE SILVERMAN EXECUTIVE DIRECTOR 153881 0 0 0 0 0 4516 0 473 0 158870 0 0 0 A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 521300173 2013-04-01 5000000 CAPITAL INVESTMENT AND REFINANCE EXISTING DEBT 0 0 0 A 1005867 4069033 61366 3453026 554641 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3, PROCEEDS: TOTAL PROCEEDS OF ISSUE DO NOT MATCH THE ISSUE PRICE IN PART I DUE TO THE FUNDS BEING HELD BY RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP, AND HAVE NOT BEEN RELEASED TO SCANDINAVIAN HOME. FORM 990, PART VI, SECTION A, LINE 6 SCANDINAVIAN HOME (THE "HOME") IS ORGANIZED AS A NONPROFIT, NONSTOCK CORPORATION WITH MEMBERS. THE MEMBERS CONSIST OF THOSE INDIVIDUALS ELECTED AS "FRIENDS OF THE CORPORATION." ANY INDIVIDUAL WHO HAS DEMONSTRATED OR IS APT TO DEMONSTRATE LEADERSHIP IN THE COMMUNITIES SERVED BY THE SCANDINAVIAN HOME AND WHO HAS EVIDENCED AN INTEREST IN THE HOME AND IN THE OPTIMUM FULFILLMENT OF ITS PURPOSES IS ELIGIBLE FOR ELECTION AS A FRIEND OF THE CORPORATION. THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS SHALL NOMINATE NEW FRIENDS AT LEAST ANNUALLY. PROPOSED NOMINEES SHALL BE ELECTED ON MOTION BY THE VOTE OF A MAJORITY OF THE FRIENDS PRESENT IN PERSON OR BY PROXY AT THE ANNUAL MEETING OF THE FRIENDS, OR AT ANY SPECIAL MEETING CALLED FOR THAT PURPOSE. FORM 990, PART VI, SECTION A, LINE 7A THE FRIENDS OF THE CORPORATION ELECT ALL PERSONS SERVING ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE FRIENDS OF THE CORPORATION MUST APPROVE ALL CHANGES TO THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND IS REVIEWED IN DETAIL AT ONE OF THE BOARD OF DIRECTORS' MEETINGS PRIOR TO THE FORM BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES INDIVIDUALS TO COMPLETE AND SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, AND REQUIRES MEMBERS OF THE BOARD TO RECUSE THEMSELVES IN ANY DISCUSSIONS AND VOTES ON ITEMS THAT MAY PRESENT A CONFLICT. IN ANY CASE WHERE A KEY STAFF MEMBER MAY HAVE A CONFLICT, THE ORGANIZATION REQUIRES MULTIPLE BIDS EVALUATED BY A SUPERVISOR OR THE BOARD OF DIRECTORS TO CONDUCT SUCH BUSINESS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS PART OF THE ORGANIZATION'S OVERALL BUDGET THAT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, AND IS SEPARATELY APPROVED BY THE FINANCE COMMITTEE AND DULY NOTED IN THE ORGANIZATION'S MINUTES, THE EXECUTIVE DIRECTOR RECEIVES AN ANNUAL EVALUATION, INCLUDING COMPENSATION REVIEW, FROM THE ORGANIZATION'S EXECUTIVE COMMITTEE. ALL COMPENSATION FOR KEY EMPLOYEES IS APPROVED BY THE EXECUTIVE DIRECTOR AND INCLUDED IN THE OPERATING BUDGET THAT IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE COMPENSATION IS REVIEWED AND APPROVED USING DATA AS COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 96,594. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 96,594. MEDICAL DIRECTOR FEES: PROGRAM SERVICE EXPENSES 39,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,000. PHARMACIST FEES: PROGRAM SERVICE EXPENSES 14,166. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,166. PROVIDER ASSESSMENTS: PROGRAM SERVICE EXPENSES 382,244. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 382,244. PURCHASED SERVICES - ANCILLARY: PROGRAM SERVICE EXPENSES 196,626. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 196,626. PURCHASED SERVICES - DIETARY: PROGRAM SERVICE EXPENSES 219,397. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 219,397. PURCHASED SERVICES - NURSING: PROGRAM SERVICE EXPENSES 856,814. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 856,814. PURCHASED SERVICES - PHYSICAL THERAPY: PROGRAM SERVICE EXPENSES 153,364. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 153,364.