2024-06-18T09:50:22-04:00 2023-12-31 205053042 SEYFARTH & SEYFARTH CPAS PC 564 E MAIN ST MALONE NY 129532033 990 2023-01-01 141805657 LAKE FOREST SENIOR LIVING COMMUNITY INC LAKE 5185616431 8 LAKE FOREST DRIVE PLATTSBURGH NY 12903 BRIAN MINCHOFF EXECUTIVE DIRECTOR 5185616431 2024-06-14 BRIAN MINCHOFF 888008888 false ANN E SEYFARTH P00393034 5184830880 2024-06-18 2023 2023-04-26 12:10:37Z BRIAN MINCHOFF 8 LAKE FOREST DRIVE PLATTSBURGH NY 12901 2486881 false X WWW.ONLAKEFOREST.ORG X 1998 LAKE FOREST IS A NON-PROFIT RETIREMENT COMMUNITY SOLELY DEDICATED TO SERVING SENIORS AGED 68 YEARS AND OLDER. EMPHASIS IS PLACED ON HIGH QUALITY INDEPENDENT LIVING, COMBINED WITH EXCEPTIONAL SERVICES THAT FOCUS ON THE INDIVIDUALIZED NEEDS OF RESIDENTS. EMPHASIS IS DIRECTED TOWARD HEALTHY AGING AND OPPORTUNITIES TO ENGAGE IN MEANINGFUL ACTIVITIES AND RELATIONSHIPS. THERE IS A COMMITMENT TO PROMOTING A TRUSTING, RESPECTFUL, AND DIGNIFIED ENVIRONMENT. THESE QUALITIES ARE EMBEDDED IN THE MILIEU OF AN ESTABLISHED COMMUNITY. 12 12 23 0 320 7500 2220185 2321577 35725 134338 38163 23466 2294393 2486881 0 0 628629 661012 0 0 1398509 1391105 2027138 2052117 267255 434764 11459321 11204933 8821083 8103505 2638238 3101428 X LAKE FOREST IS A NON-PROFIT RETIREMENT COMMUNITY SOLELY DEDICATED TO SERVING SENIORS AGED 68 YEARS AND OLDER. EMPHASIS IS PLACED ON HIGH QUALITY INDEPENDENT LIVING, COMBINED WITH EXCEPTIONAL SERVICES THAT FOCUS ON THE INDIVIDUALIZED NEEDS OF RESIDENTS. EMPHASIS IS DIRECTED TOWARD HEALTHY AGING AND OPPORTUNITIES TO ENGAGE IN MEANINGFUL ACTIVITIES AND RELATIONSHIPS. THERE IS A COMMITMENT TO PROMOTING A TRUSTING, RESPECTFUL, AND DIGNIFIED ENVIRONMENT. THESE QUALITIES ARE EMBEDDED IN THE MILIEU OF AN ESTABLISHED COMMUNITY. false false 1824309 2321577 LAKE FOREST IS PERCHED ON A 24-ACRE PARCEL ENCOMPASSING A 44-UNIT APARTMENT-STYLE SECURED BUILDING AND 28 TOWN-STYLE DUPLEXES OVERLOOKING BEAUTIFUL LAKE CHAMPLAIN. LAKE FOREST IS NESTLED IN THE ADIRONDACK MOUNTAINS, JUST ACROSS THE LAKE FROM BURLINGTON, VERMONT, AND ABOUT ONE HOUR NORTH OF THE OLYMPIC VILLAGE OF LAKE PLACID. HIKING, BOATING, SKIING, GOLFING, FISHING, AND SWIMMING ARE JUST A FEW OF THE OUTDOOR ACTIVITIES THAT CAN BE ENJOYED IN THIS AREA. THE CONGREGATE BUILDING IS MADE UP OF APARTMENTS WITH EITHER SINGLE OR DOUBLE BEDROOMS. ALL APARTMENTS HAVE A FULL KITCHEN AND AN ACCESSIBLE BATHROOM, AND AMPLE CABINET SPACE. SHARED WASHERS AND DRYERS ARE AVAILABLE FOR RESIDENT USE AND ADDITIONALLY, EACH APARTMENT HAS SCHEDULED CLEANING AND LINEN SERVICE PROVIDED. ALL DUPLEXES HAVE TWO BEDROOMS AND TWO BATHROOMS AND ARE BRIGHT AND AIRY. DUPLEX UNITS DIFFER IN LAYOUTS. APPLIANCES, INCLUDING A WASHER AND DRYER, ARE INCLUDED AND EACH UNIT HAS ITS OWN GARAGE. THE DUPLEXES PROVIDE A MORE PRIVATE LIVING SPACE WHILE REMAINING A VALUED PART OF THE LAKE FOREST COMMUNITY. ALL RESIDENTS OF THE LAKE FOREST COMMUNITY BENEFIT FROM A WIDE VARIETY OF SERVICES, SUCH AS DINING, TRANSPORTATION TO APPOINTMENTS AND SHOPPING, SOCIAL ACTIVITIES AND EVENTS, AND MAINTENANCE-FREE LIVING. RESIDENTS ARE FULLY AUTONOMOUS IN THEIR LIFESTYLE, OPTING TO ENGAGE IN ACTIVITIES OF THEIR CHOOSING. SIGNIFICANT RESOURCES ARE ALLOCATED TO BUILDING IMPROVEMENTS, RENOVATIONS, AND LANDSCAPING TO MAINTAIN A MODERN-LIKE FEEL TO THE PROPERTY. RESIDENTS ENJOY THE FINE DINING, RECOGNIZING THAT MEALS ARE FRESHLY PREPARED AND INCLUDE A WIDE VARIETY OF SPECIALTY BAKED GOODS, AND THEMED DINNERS. RESIDENTS TAKE PLEASURE IN THE QUALITY AND DIVERSITY OF MUSICAL PERFORMANCES OCCURRING ON-SITE. THERE IS ALSO AN EQUALLY WIDE ASSORTMENT OF CULTURAL EVENTS, SPANNING FROM HISTORICAL PRESENTATIONS AND MILITARY/VETERAN CELEBRATIONS TO RESIDENT-LED OFFERINGS IN THE AREAS OF FINE ARTS, GARDENING, EXERCISE, AND LEISURE READING. CARD GAMES AND INTERACTIVE EVENTS WITH STAFF AND RESIDENTS ARE AMONG OTHER ACTIVITIES THAT ARE ENJOYED AT LAKE FOREST. IN ADDITION, OFF-SITE ACTIVITIES INCLUDE MUSICAL SHOWS, MUSEUMS, DAYTRIPS, AND LUNCH OUTINGS. IN 2023, LAKE FOREST SERVED 100 INDIVIDUALS. MOST RESIDENTS HAVE HAD PRIOR KNOWLEDGE OR EXPERIENCE OF LAKE FOREST PRIOR TO JOINING THE WAITLIST. RESIDENTS COME FROM VARIOUS LOCATIONS ACROSS THE UNITED STATES AND CANADA. PEOPLE TYPICALLY SEEK OPPORTUNITIES TO RESIDE AT LAKE FOREST TO BE CLOSER TO FAMILY AND FRIENDS. WHEREAS, OTHERS FIND SOLACE LIVING IN THE ADIRONDACK REGION OF UPSTATE NEW YORK, ONE OF THE MOST BEAUTIFUL REGIONS IN NEW YORK. 1824309 true false false false false false false false true true true false false false true true 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 true 4 0 false 23 true false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true false false NY X BRIAN MINCHOFF 5185616431 8 LAKE FOREST DRIVE PLATTSBURGH NY 12901 BRIAN MINCHOFF EXECUTIVE DI 40.00 X 94316 0 18906 MARIA ALEXANDER DIRECTOR 1.00 X 0 0 0 JOHN BEAUVAIS DIRECTOR 1.00 X 0 0 0 JARED BURNS DIRECTOR 2.00 X 0 0 0 DAVE COLLIN DIRECTOR 1.00 X 0 0 0 JARED CROY DIRECTOR 1.00 X 0 0 0 BETH DAVIS DIRECTOR 1.00 X 0 0 0 DANA JEWELER SECRETARY 2.00 X X 0 0 0 CATHERINE KELEHER DIRECTOR 1.00 X 0 0 0 JACQUELINE KELLEHER PRESIDENT 2.00 X X 0 0 0 RICHARD LARCHE DIRECTOR 1.00 X 0 0 0 MAUREEN RYAN DIRECTOR 2.00 X 0 0 0 DEBORAH SHERMAN DIRECTOR 1.00 X 0 0 0 PETER STONE VICE PRESIDE 2.00 X X 0 0 0 LAUREN TYLER TREASURER 2.00 X X 0 0 0 94316 18906 false false false 7500 7500 PROGRAM SERVICE REVENUE 2321577 2321577 2321577 134338 134338 OTHER REVENUE 23466 23466 23466 2486881 2479381 113222 113222 477452 477452 6080 6080 19616 19558 58 44642 37702 6940 61664 61664 4698 4698 7197 7197 18630 373 18257 676721 672237 4484 2644 2380 264 125990 124730 1260 324372 321129 3243 68268 61439 6829 FOOD COSTS 53329 53329 RESIDENT SERVICES 37514 37514 TELEPHONE 6695 1674 5021 MISCELLANEOUS 3383 1515 1868 2052117 1824309 227808 0 1183838 501825 2762005 3391496 886 1839 113284 102732 12261006 5219468 7262231 7041538 137077 165503 11459321 11204933 54595 77749 4040206 3928125 71562 78799 3455277 3224596 1199443 794236 8821083 8103505 X 2501161 2935925 137077 165503 2638238 3101428 11459321 11204933 434764 28426 X false true X true false X 499 320 7500 8319 1942282 1962960 2068115 2220185 2321577 10515119 1942282 1962960 2068614 2220505 2329077 10523438 576398 631026 619438 544501 581012 2952375 576398 631026 619438 544501 581012 2952375 7571063 12005 15442 4768 35725 134338 202278 12005 15442 4768 35725 134338 202278 31064 38163 23466 92693 1954287 1978402 2104446 2294393 2486881 10818409 0.69980 0.69330 0.02000 0.01000 X PART III, LINE 12 92,693 false true X false false 916007 916007 10835112 4831231 6003881 509887 388237 121650 7041538 REFUNDABLE ENTRANCE FEE 794236 794236 X 2510609 28426 28426 2482183 4698 4698 2486881 2047419 2047419 4698 4698 2052117 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION HOLDS TENANT SECURITY DEPOSITS. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION FOLLOWS THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2023. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. THE ORGANIZATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. FORM 990 - ORGANIZATION'S MISSION LAKE FOREST IS A NON-PROFIT RETIREMENT COMMUNITY SOLELY DEDICATED TO SERVING SENIORS AGED 68 YEARS AND OLDER. EMPHASIS IS PLACED ON HIGH QUALITY INDEPENDENT LIVING, COMBINED WITH EXCEPTIONAL SERVICES THAT FOCUS ON THE INDIVIDUALIZED NEEDS OF RESIDENTS. EMPHASIS IS DIRECTED TOWARD HEALTHY AGING AND OPPORTUNITIES TO ENGAGE IN MEANINGFUL ACTIVITIES AND RELATIONSHIPS. THERE IS A COMMITMENT TO PROMOTING A TRUSTING, RESPECTFUL, AND DIGNIFIED ENVIRONMENT. THESE QUALITIES ARE EMBEDDED IN THE MILIEU OF AN ESTABLISHED COMMUNITY. FORM 990, PAGE 2, PART III, LINE 4A LAKE FOREST IS PERCHED ON A 24-ACRE PARCEL ENCOMPASSING A 44-UNIT APARTMENT-STYLE SECURED BUILDING AND 28 TOWN-STYLE DUPLEXES OVERLOOKING BEAUTIFUL LAKE CHAMPLAIN. LAKE FOREST IS NESTLED IN THE ADIRONDACK MOUNTAINS, JUST ACROSS THE LAKE FROM BURLINGTON, VERMONT, AND ABOUT ONE HOUR NORTH OF THE OLYMPIC VILLAGE OF LAKE PLACID. HIKING, BOATING, SKIING, GOLFING, FISHING, AND SWIMMING ARE JUST A FEW OF THE OUTDOOR ACTIVITIES THAT CAN BE ENJOYED IN THIS AREA. THE CONGREGATE BUILDING IS MADE UP OF APARTMENTS WITH EITHER SINGLE OR DOUBLE BEDROOMS. ALL APARTMENTS HAVE A FULL KITCHEN AND AN ACCESSIBLE BATHROOM, AND AMPLE CABINET SPACE. SHARED WASHERS AND DRYERS ARE AVAILABLE FOR RESIDENT USE AND ADDITIONALLY, EACH APARTMENT HAS SCHEDULED CLEANING AND LINEN SERVICE PROVIDED. ALL DUPLEXES HAVE TWO BEDROOMS AND TWO BATHROOMS AND ARE BRIGHT AND AIRY. DUPLEX UNITS DIFFER IN LAYOUTS. APPLIANCES, INCLUDING A WASHER AND DRYER, ARE INCLUDED AND EACH UNIT HAS ITS OWN GARAGE. THE DUPLEXES PROVIDE A MORE PRIVATE LIVING SPACE WHILE REMAINING A VALUED PART OF THE LAKE FOREST COMMUNITY. ALL RESIDENTS OF THE LAKE FOREST COMMUNITY BENEFIT FROM A WIDE VARIETY OF SERVICES, SUCH AS DINING, TRANSPORTATION TO APPOINTMENTS AND SHOPPING, SOCIAL ACTIVITIES AND EVENTS, AND MAINTENANCE-FREE LIVING. RESIDENTS ARE FULLY AUTONOMOUS IN THEIR LIFESTYLE, OPTING TO ENGAGE IN ACTIVITIES OF THEIR CHOOSING. SIGNIFICANT RESOURCES ARE ALLOCATED TO BUILDING IMPROVEMENTS, RENOVATIONS, AND LANDSCAPING TO MAINTAIN A MODERN-LIKE FEEL TO THE PROPERTY. RESIDENTS ENJOY THE FINE DINING, RECOGNIZING THAT MEALS ARE FRESHLY PREPARED AND INCLUDE A WIDE VARIETY OF SPECIALTY BAKED GOODS, AND THEMED DINNERS. RESIDENTS TAKE PLEASURE IN THE QUALITY AND DIVERSITY OF MUSICAL PERFORMANCES OCCURRING ON-SITE. THERE IS ALSO AN EQUALLY WIDE ASSORTMENT OF CULTURAL EVENTS, SPANNING FROM HISTORICAL PRESENTATIONS AND MILITARY/VETERAN CELEBRATIONS TO RESIDENT-LED OFFERINGS IN THE AREAS OF FINE ARTS, GARDENING, EXERCISE, AND LEISURE READING. CARD GAMES AND INTERACTIVE EVENTS WITH STAFF AND RESIDENTS ARE AMONG OTHER ACTIVITIES THAT ARE ENJOYED AT LAKE FOREST. IN ADDITION, OFF-SITE ACTIVITIES INCLUDE MUSICAL SHOWS, MUSEUMS, DAYTRIPS, AND LUNCH OUTINGS. IN 2023, LAKE FOREST SERVED 100 INDIVIDUALS. MOST RESIDENTS HAVE HAD PRIOR KNOWLEDGE OR EXPERIENCE OF LAKE FOREST PRIOR TO JOINING THE WAITLIST. RESIDENTS COME FROM VARIOUS LOCATIONS ACROSS THE UNITED STATES AND CANADA. PEOPLE TYPICALLY SEEK OPPORTUNITIES TO RESIDE AT LAKE FOREST TO BE CLOSER TO FAMILY AND FRIENDS. WHEREAS, OTHERS FIND SOLACE LIVING IN THE ADIRONDACK REGION OF UPSTATE NEW YORK, ONE OF THE MOST BEAUTIFUL REGIONS IN NEW YORK. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN WAS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE BOARD AS SITUATIONS ARISE. BOARD MEMBERS, OFFICERS AND STAFF ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. COPIES ARE KEPT ON FILE. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE FROM THE BOARD OF DIRECTORS EXECUTES A SEARCH, SCREENS APPLICANTS, CONDUCTS INTERVIEWS AND PERFORMS COMPLETE REFERENCE AND CRIMINAL BACKGROUND CHECKS. THE EXECUTIVE COMMITTEE MAKES A FINAL RECOMMENDATION TO THE FULL BOARD OF DIRECTORS. WAGES ARE DETERMINED BASED ON EXPERIENCE AND WAGES PAID BY COMPARABLE ORGANIZATIONS IN THE AREA. FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS ARE ON FILE IN THE LAKE FOREST OFFICE AND ARE AVAILABLE FOR REVIEW BY APPOINTMENT.