2024-04-11T14:56:24-05:00 2023-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2022-07-01 050429500 CORNERSTONE ADULT SERVICES INC CORN 4017392844 140 WARWICK NECK AVENUE WARWICK RI 02889 MATTHEW R TRIMBLE PRESIDENT & CEO 4017392844 2024-04-10 1 MATTHEW TRIMBLE 999009999 0 MICHAEL CRISCIONE P01456801 4014214800 2024-04-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAINT ELIZABETH ADULT DAY CENTERS MATTHEW R TRIMBLE 140 WARWICK NECK AVENUE WARWICK RI 02889 2326925 0 X WWW.STELIZABETHCOMMUNITY.ORG X 1974 RI TO PROVIDE LOW-COST ADULT DAYCARE SERVICES TO THE COMMUNITIES' ELDERLY POPULATION AND THOSE AFFLICTED WITH ALZHEIMERS. 16 16 39 0 0 0 795557 432134 1561806 1851573 275 11773 41694 31445 2399332 2326925 0 0 0 0 1317668 1421877 0 0 0 1116836 1217092 2434504 2638969 -35172 -312044 1593080 1530883 600481 850328 992599 680555 TO PROVIDE LOW-COST ADULT DAY CARE SERVICES TO THE COMMUNITIES' ELDERLY POPULATION AND THOSE AFFLICTED WITH ALZHEIMERS. 0 0 2487077 1883018 ADULT DAY CENTERS - THE ORGANIZATION'S FOUR ADULT DAY CENTERS LOCATED IN WARWICK, BRISTOL AND APPONAUG, AND SOUTH KINGSTOWN, RHODE ISLAND PROVIDE SERVICES TO INDIVIDUALS WITH A VARIETY OF CONDITIONS INCLUDING CARDIAC, STROKE, DIABETES, PARKINSON'S DISEASE, MULTIPLE SCLEROSIS, DEVELOPMENTAL DISABILITIES, ALZHEIMER'S DISEASE, AND OTHER FORMS OF DEMENTIA, AS WELL AS OTHER PHYSICAL AND BEHAVIORAL HEALTH DIAGNOSES. A TOTAL OF 22,114 CLIENT DAYS OF SERVICES WERE PROVIDED TO INDIVIDUALS AT THESE CENTERS DURING THE YEAR ENDED JUNE 30, 2023. 2487077 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MARK LOISELLE CO SAINT ELIZABETH COMMUNITY 4017737417 2364 POST ROAD WARWICK RI 02886 PHILIP C SLOCUM TRUSTEE 2.00 9.50 X 0 0 0 CRAIG W CARPENTER IMMEDIATE PAST CHAIR 2.00 9.50 X X 0 0 0 CLAIRE C FLAHERTY VICE CHAIR 2.00 9.50 X X 0 0 0 STEVEN W TILLEY CHAIR 2.00 9.50 X X 0 0 0 ROBIN DZIUBA TRUSTEE 2.00 9.50 X 0 0 0 FREDERICK HARRISON TRUSTEE 2.00 9.50 X 0 0 0 PETER HOLLMANN MD TRUSTEE 2.00 9.50 X 0 0 0 MARK J PROVOST TRUSTEE 2.00 9.50 X 0 0 0 STEVEN H KITCHIN TREASURER 2.00 9.50 X X 0 0 0 E PAUL LARRAT PH D RPH TRUSTEE 2.00 9.50 X 0 0 0 ROBERT H PEASE JR TRUSTEE 2.00 9.50 X 0 0 0 WAYNE D PELLAND TRUSTEE 2.00 9.50 X 0 0 0 TIMOTHY MURRAY TRUSTEE 2.00 9.50 X 0 0 0 JUDY W VIGAR SECRETARY 2.00 9.50 X X 0 0 0 KIMBERLEY RANALLI TRUSTEE 2.00 9.50 X 0 0 0 KRISTEN L DISANTO TRUSTEE 2.00 9.50 X 0 0 0 MARK LOISELLE CHIEF FINANCIAL OFFICER 3.25 36.75 X 0 214802 15882 MATTHEW TRIMBLE PRESIDENT 4.00 36.00 X 0 286080 26539 ROBERTA MERKLE VP-STRATEGIC INITIATIVES 4.25 35.75 X 0 172366 14209 ERICA BRYSON CHIEF PHILANTHROPY OFFICER 2.75 37.25 X 0 118575 11695 0 791823 68325 0 0 1 0 0 110712 258705 62717 30000 432134 ADULT DAY SERVICES 621400 1851573 1851573 1851573 11773 11773 29876 0 29876 29876 29876 MISCELLANEOUS 900099 1569 1569 1569 2326925 1883018 0 11773 1176557 1093479 83078 24964 23318 1646 127857 120402 7455 92499 84890 7609 18015 18015 129599 123833 5766 113465 113465 43051 40010 3041 CONTRACTED SERVICES 490403 490403 SUPPLIES AND OTHER EXPE 287112 261830 25282 FOOD 129447 129447 PROVISION FOR LOSSES ON 6000 6000 2638969 2487077 151892 0 439167 117029 262745 50001 184245 238794 33066 35806 2956281 2299216 673857 657065 0 432188 1593080 1530883 132248 157061 344985 202639 15648 15648 107600 474980 600481 850328 X 985723 680555 6876 0 992599 680555 1593080 1530883 -312044 0 X X 0 1 X 1 0 X 136269 232552 530189 795557 432134 2126701 136269 232552 530189 795557 432134 2126701 317427 1809274 31676 28676 33428 29826 41649 165255 5981 12143 1569 19693 2311649 4280511 0.78270 0.91520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174105 174105 1921911 1548065 373846 250000 243749 6251 610265 507402 102863 657065 OPERATING RIGHT OF USE ASSET 432188 432188 DUE TO SAINT ELIZABETH COMMUNITY 42792 OPERATING LEASE LIABILITY 432188 474980 X 2326925 0 2326925 0 2326925 2638969 0 2638969 0 2638969 PART X, LINE 2: CORNERSTONE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, CORNERSTONE IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, CORNERSTONE APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED CORNERSTONE'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE. 0 0 0 0 0 0 0 0 0 MATTHEW TRIMBLE PRESIDENT 0 286080 0 0 0 0 0 8608 0 17931 0 312619 0 0 MARK LOISELLE CHIEF FINANCIAL OFFICER 0 214802 0 0 0 0 0 6444 0 9438 0 230684 0 0 ROBERTA MERKLE VP-STRATEGIC INITIATIVES 0 172366 0 0 0 0 0 5171 0 9038 0 186575 0 0 PART I, LINE 3 A SALARY SURVEY WAS COMPLETED FOR THE LEADERSHIP STAFF OF THE SAINT ELIZABETH COMMUNITY (RELATED ORGANIZATION). RESULTS OF THE SURVEY ARE USED BY THE ORGANIZATION AND COMPARED AGAINST INDUSTRY STATISTICS AND INFLATION RATES IN DETERMINING APPROPRIATE COMPENSATION. X 1 30000 FMV OF SIMILAR LOCATIONS 0 0 0 PART I, COLUMN (B): CORNERSTONE'S SOUTH KINGSTOWN LOCATION OCCUPIES CERTAIN SPACE WHICH IS PROVIDED RENT FREE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED AS A NON-STOCK NOT-FOR-PROFIT CORPORATION WITH MEMBERS WHO HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A THE RELATED ORGANIZATION, THE SAINT ELIZABETH COMMUNITY, ESTABLISHES THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWED THE FORM 990 PRIOR TO FILING AND RECOMMENDED TO THE ORGANIZATION'S BOARD TO ACCEPT THE FILING. ALL BOARD MEMBERS WERE PROVIDED WITH ACCESS TO A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. SIGNED STATEMENTS ARE RETAINED BY THE ORGANIZATION'S PRESIDENT/CEO AND ARE REVIEWED ANNUALLY BY BOTH THE BOARD OF TRUSTEES AND PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 15A A SALARY SURVEY WAS COMPLETED FOR THE LEADERSHIP STAFF OF THE SAINT ELIZABETH COMMUNITY (RELATED ORGANIZATION). RESULTS OF THE SURVEY ARE USED BY THE ORGANIZATION AND COMPARED AGAINST INDUSTRY STATISTICS AND INFLATION RATES IN DETERMINING APPROPRIATE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT: 2364 POST ROAD, SUITE 100, WARWICK, RI 02886. FORM 990, PART XII, LINE 2C: THE AUDIT REVIEW PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SAINT ELIZABETH HOME EAST GREENWICH ONE SAINT ELIZABETH WAY EAST GREENWICH RI 02818 050258998 OPERATES NURSING HOME RI 501(C)(3) LINE 10 N/A 0 SAINT ELIZABETH APARTMENTS FOR SENIORS AND MOBILITY-IMPAIRED 700 WESTMINSTER STREET PROVIDENCE RI 02903 050392246 OPERATES APARTMENT COMPLEX FOR ELDERLY RI 501(C)(3) LINE 10 N/A 0 THE SAINT ELIZABETH COMMUNITY 2364 POST ROAD SUITE 100 WARWICK RI 02886 050457342 SUPPORTS AND MAKES COTRIBUTIONS TO RELATED ORGANIZATIONS RI 501(C)(3) LINE 12B, II N/A 0 SAINT ELIZABETH DEVELOPMENT CORPORATION ONE SAINT ELIZABETH WAY EAST GREENWICH RI 02818 050506057 RENTS LAND RI 501(C)(2) LINE 12A, I N/A 0 SAINT ELIZABETH APARTMENTS FOR SENIORS 150 WARWICK NECK AVENUE WARWICK RI 02889 264338544 ELDERLY HOUSING FACILITIES AND SERVICES RI 501(C)(3) LINE 10 N/A 0 SAINT ELIZABETH WORKER'S COMPENSATION TRUST 2364 POST ROAD SUITE 100 WARWICK RI 02886 050462175 SELF INSURED WORKERS' COMPENSATION TRUST RI 501(C)(3) LINE 12A, I N/A 0 SAINT ELIZABETH HOME CARE 2364 POST ROAD WARWICK RI 02886 474523236 HOME CARE RI 501(C)(3) LINE 10 N/A 0 ST ELIZABETH ASSISTED LIVING LP 109 MELROSE STREET PROVIDENCE RI 02907 050518113 OPERATES ASSISTED LIVING FACILITY RI N/A N/A 0 0 SEAL MELROSE INC 2364 POST ROAD WARWICK RI 02886 050518115 REAL ESTATE DEVELOPER RI N/A C 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 SAINT ELIZABETH HOME O 421648 CASH THE SAINT ELIZABETH COMMUNITY C 110712 CASH