2024-10-22T16:13:37-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 471890506 MASON WRIGHT SENIOR LIVING INC MASO 4137331517 74 WALNUT STREET SPRINGFIELD MA 01105 WILLIAM HAWKINS CHIEF FINANCIAL OFFICER 4137331517 2024-10-21 1 1 KATARZYNA O PADZIK P02268641 7819821001 2024-10-21 2023 2024-10-15 13:58:12Z ALAN POPP MS 74 WALNUT STREET SPRINGFIELD MA 01105 4508711 0 X WWW.MASONWRIGHT.ORG X 2014 MA PROVIDE HOUSING & DAILY LIVING SERVICES TO SUPPORT THE DIGNITY & INDEPENDENCE OF SENIORS 9 8 141 9 0 0 849344 474027 4016310 4034426 109 258 0 0 4865763 4508711 0 0 0 0 2281365 2472642 0 0 0 2550148 2417046 4831513 4889688 34250 -380977 5712010 5167369 3913249 3717602 1798761 1449767 TO PROVIDE HOUSING AND SERVICES TO SENIORS; AND TO CARRY ON ANY OTHER ACTIVITY INCIDENTAL TO AND IN SUPPORT OF AND TO BENEFIT SAID INDIVIDUALS. THE ENTITY PROVIDES HIGH QUALITY LIVING ASSISTANCE PROGRAMS, MEALS, HOUSEKEEPING AND OTHER SERVICES. 0 0 3649292 0 3683017 ASSISTED LIVING - OUR ASSISTED LIVING RESIDENCE CONSISTS OF ONE-BEDROOM AND STUDIO APARTMENTS, ALL WITH PRIVATE BATHS. RESIDENTS CAN ENJOY LIFE IN THE PRIVACY OF THEIR ROOMS, NEWLY RENOVATED COMMON AREAS, IN OUR COMFORTABLE, FIRE PLACED LIVING AND DINING ROOMS, OR IN OUR FOUR SEASONS ROOM. SERVICES INCLUDE PROFESSIONALLY-PREPARED MEALS, HOUSEKEEPING, AND LAUNDRY SERVICES, SOCIAL ACTIVITIES, PERSONAL CARE ASSISTANCE, A FULL-TIME NURSE, AND MEDICAL MANAGEMENT. 318196 0 351409 INDEPENDENT LIVING - SENIORS WHO ARE ABLE TO LIVE INDEPENDENTLY ENJOY ASSISTANCE, A FULL-TIME NURSE, AND MEDICAL MANAGEMENT. THE COMFORT, SECURITY, AND SERVICES OF OUR SPACIOUS INDEPENDENT LIVING APARTMENTS. SERVICES INCLUDE UTILITIES, CARPETED LIVING AND TILED BATH/KITCHEN AREAS, A FULL KITCHEN, WASHER AND DRYER, OUTDOOR PATIO, UNDERGROUND PARKING, AND ACCESS TO THE ASSISTED LIVING'S COMMON AREAS AND FOUR-SEASONS 3967488 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 0 0 0 1 X 12 0 141 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X WILLIAM HAWKINS 4137331511 74 WALNUT ST SPRINGFIELD MA 01105 ALAN POPP PRESIDENT & CEO 15.00 35.00 X X 81889 191076 28087 WILLIAM HAWKINS CHIEF FINANCIAL OFFICER 16.00 24.00 X 71698 107545 17564 CATHY LALETA-BALLINI EXECUTIVE DIRECTOR 40.00 0.00 X 123222 0 26977 JOHN MORSE CHAIR 1.00 3.00 X X 0 0 0 ALLISON EBNER VICE PRESIDENT 1.00 3.00 X X 0 0 0 JEFF SATTLER TREASURER 1.00 3.00 X X 0 0 0 SUSAN MCCOY ESQ SECRETARY 1.00 3.00 X X 0 0 0 KATHI DONOHUE TRUSTEE 1.00 3.00 X 0 0 0 CARLTON PICKRON TRUSTEE 1.00 3.00 X 0 0 0 EMILY LEONCZYK TRUSTEE (AS OF 6/23) 1.00 3.00 X 0 0 0 PAUL MARCHESE TRUSTEE (AS OF 6/23) 1.00 3.00 X 0 0 0 CHERYL STANLEY TRUSTEE (THROUGH 6/23) 1.00 3.00 X 0 0 0 PAT GRENIER TRUSTEE (THROUGH 6/23) 1.00 3.00 X 0 0 0 276809 298621 72628 1 0 1 0 0 472852 1175 474027 RESIDENT SERVICE REVENUE 623000 2772577 2772577 APARTMENT RENTALS 623000 1215257 1215257 ANCILLARY INCOME 623000 40595 40595 OTHER PROGRAM REVENUE 623000 5997 5997 4034426 258 258 4508711 4034426 0 258 169039 90315 78724 2017462 1902024 115438 15460 14575 885 65548 61797 3751 205133 193395 11738 202696 154530 48166 116711 71574 45137 9926 9926 78981 14931 64050 609822 264451 345371 4162 2081 2081 102592 97462 5130 680186 646177 34009 171549 31856 139693 RESIDENT SERVICES 432621 422320 10301 CREDIT LOSSES 7800 7800 4889688 3967488 922200 0 164665 42673 406826 457124 72958 59283 16286889 11820085 4951690 4466804 115871 141485 5712010 5167369 505015 192465 3526 2732517 2533717 394986 444444 280731 543450 3913249 3717602 X 1798761 1449767 1798761 1449767 5712010 5167369 X -380977 31983 X 0 1 X 1 0 X 571132 1603 849343 474027 1896105 3739174 3556031 3911439 4016310 4034426 19257380 3739174 4127163 3913042 4865653 4508453 21153485 257806 170208 582867 472852 1483733 42794 10210 20739 73743 257806 213002 593077 493591 1557476 19596009 117 75 89 109 258 648 117 75 89 109 258 648 3739291 4127238 3913131 4865762 4508711 21154133 0.92630 0.94710 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 357780 357780 14961380 11409500 3551880 471848 265692 206156 495881 144893 350988 4466804 DUE TO AFFILIATES 292529 DEFERRED INTEREST - NONCURRENT 128368 RESIDENT SECURITY DEPOSITS 122553 543450 X PART X, LINE 2: MASON WRIGHT SENIOR LIVING, INC. IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE IRC AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS, INCLUDING THE ORGANIZATION'S TAX-EXEMPT STATUS, AND BELIEVES THAT THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. X X X 0 0 0 1 1 1 1 1 0 ALAN POPP PRESIDENT & CEO 65972 153934 13353 31158 2564 5984 0 0 8426 19661 90315 210737 0 0 WILLIAM HAWKINS CHIEF FINANCIAL OFFICER 67639 101457 3859 5788 200 300 2921 4380 4105 6158 78724 118083 0 0 CATHY LALETA-BALLINI EXECUTIVE DIRECTOR 118922 0 4300 0 0 0 547 0 26430 0 150199 0 0 0 PART I, LINE 3 ALAN POPP, PRESIDENT & CEO, AND WILLIAM HAWKINS, CHIEF FINANCIAL OFFICER, PERFORM MANAGEMENT DUTIES, BUT THEIR SALARY AND BENEFITS ARE PAID OUT OF A RELATED ORGANIZATION, MASON WRIGHT FOUNDATION, INC., AND A PORTION OF THEIR SALARY AND BENEFITS IS REIMBURSED BY THE FILING ORGANIZATION THROUGH THE MANAGEMENT FEE. THE RELATED PARTY COMPENSATION REVIEW PROCESS INCLUDES, BUT IS NOT LIMITED TO THE USE OF THE FOLLOWING: (1) INDEPENDENT COMPENSATION CONSULTANT, (2) COMPENSATION SURVEY OR STUDY AND (3) APPROVAL BY THE BOARD. THE DELIBERATION AND FINAL DECISION ARE TIMELY DOCUMENTED. PART I, LINE 5 THE PRESIDENT & CEO RECEIVES AN ANNUAL PERFORMANCE BONUS THAT IS BASED IN PART UPON THE REVENUES OF THE ORGANIZATION AND TWO RELATED ORGANIZATIONS. PART I, LINE 6 THE PRESIDENT & CEO RECEIVES AN ANNUAL PERFORMANCE BONUS THAT IS BASED IN PART UPON THE NET EARNINGS OF THE ORGANIZATION AND TWO RELATED ORGANIZATIONS. PART I, LINE 7 THE PRESIDENT & CEO RECEIVES AN ANNUAL PERFORMANCE BONUS THAT IS BASED IN PART UPON THE ACHIEVEMENT OF OTHER GOALS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2017-02-13 3500000 REFINANCE, CONSTR. & RENOV. 0 0 0 A 923447 3500000 21782 17500 1553388 1907330 2018 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 FORM 990, PART V, LINE 2A THE NUMBER OF EMPLOYEES LISTED AS BEING ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. THIS INCLUDES THE EXECUTIVE DIRECTOR THAT IS INCLUDED IN THE RELATED ORGANIZATION'S FORM W-3 AS THE COMMON PAYMASTER AND WHOSE SALARY IS REIMBURSED BY THE FILING ORGANIZATION THROUGH THE MANAGEMENT FEE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION PAYS MASON WRIGHT FOUNDATION, INC. FOR MANAGEMENT SERVICES. MANAGEMENT SERVICES INCLUDED, BUT WERE NOT LIMITED TO, SUPERVISING PERSONNEL, PLANNING AND EXECUTING BUDGETS AND FINANCIAL OPERATIONS, AND SUPERVISING EXEMPT OPERATIONS. IN 2023, $371,735 WAS PAID FOR MANAGEMENT SERVICES. FORM 990, PART VI, SECTION A, LINE 6 THE MASON WRIGHT FOUNDATION, THE SUPPORTING ORGANIZATION, IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL HAVE THE RIGHT TO VOTE FOR THE ELECTION OF DIRECTORS, THE MASON WRIGHT FOUNDATION APPOINT THE DIRECTORS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS ARE SUBJECT TO APPROVAL BY THE MASON WRIGHT FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN THE BOARD DELEGATES THE FINANCE COMMITTEE WITH RESPONSIBILITY FOR THE REVIEW OF THE FORM 990. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS SHALL DISCLOSE FAMILY AND/OR BUSINESS RELATIONSHIPS WITH OTHER OFFICERS. ANNUALLY, TRUSTEES SHALL DISCLOSE FAMILY AND BUSINESS INTERESTS THAT COULD ARISE TO A CONFLICT OF INTEREST. A REPORT OF SUCH DISCLOSURE(S) SHALL BE MADE TO THE FULL BOARD OF TRUSTEES, AND SAID REPORT SHALL BE APPENDED TO THE MINUTES OF THE MEETING AT WHICH THE REPORT IS MADE. NO CONFLICT OF INTEREST EXISTS WHEN, AFTER FULL DISCLOSURE OF THE POTENTIAL CONFLICT, THE BOARD OR MANAGEMENT UNDERTAKES AN ACTION THAT PROVIDES FAIR AND REASONABLE EXCHANGE OF GOODS AND SERVICES. IF A POTENTIAL OR ACTUAL CONFLICT WERE TO ARISE THE INDIVIDUAL(S) INVOLVED WOULD ABSTAIN FROM ANY DISCUSSION OR VOTE RELATING TO THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 ALAN POPP, PRESIDENT & CEO, AND WILLIAM HAWKINS, CHIEF FINANCIAL OFFICER, PERFORM MANAGEMENT DUTIES, BUT THEIR SALARY AND BENEFITS ARE PAID OUT OF A RELATED ORGANIZATION, MASON WRIGHT FOUNDATION, INC., AND A PORTION OF THEIR SALARY AND BENEFITS IS REIMBURSED BY THE FILING ORGANIZATION THROUGH THE MANAGEMENT FEE. THE RELATED PARTY COMPENSATION REVIEW PROCESS INCLUDES, BUT IS NOT LIMITED TO THE USE OF THE FOLLOWING: (1) INDEPENDENT COMPENSATION CONSULTANT, (2) COMPENSATION SURVEY OR STUDY AND (3) APPROVAL BY THE BOARD. THE DELIBERATION AND FINAL DECISION ARE TIMELY DOCUMENTED. 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. FORM 990, PART XI, LINE 9: EQUITY TRANSFER 31,983. MASON WRIGHT FOUNDATION INC 74 WALNUT STREET SPRINGFIELD MA 01105 042105936 OPERATING FOUNDATION FOR COMMUNITY SENIORS & CHILDREN MA 501(C)(3) PF N/A 0 COLONY CARE SENIOR LIVING INC 74 WALNUT STREET SPRINGFIELD MA 01105 454741875 HOME CARE MA 501(C)(3) LINE 10 MASON WRIGHT FOUNDATION INC 0 BRIGHT FUTURES EARLY LEARNING CENTER INC 74 WALNUT STREET SPRINGFIELD MA 01105 821978704 EARLY EDUCATION MA 501(C)(3) LINE 10 MASON WRIGHT FOUNDATION INC 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 0 0 0 1