2024-07-22T14:09:42-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 050500900 ALDERSBRIDGE FOUNDATION (FKA UNITED METHODIST ELDER CARE FOUNDATION) ALDE 4014387210 40 IRVING AVENUE EAST PROVIDENCE RI 02914 JOSEPH DURAND CHIEF FINANCIAL OFFICER 4014387210 2024-07-19 1 JOSEPH DURAND 999009999 0 DANIELLE NIHILL P01350943 7819821001 2024-07-19 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JOSEPH DURAND 40 IRVING AVENUE EAST PROVIDENCE RI 02914 58856 0 X N/A X 1997 RI ALDERSBRIDGE FOUNDATION EXISTS TO SUPPORT IN THE RELEVANCY, SUSTAINABILITY AND OPERATIONS OF THE SUPPORTED ORGANIZATIONS AND THEIR MISSION TO THE COMMUNITY THROUGH PROVIDING A PLACE WHERE OLDER PERSONS MAY LIVE IN COMFORT, DIGNITY AND WITH PURPOSE.THE ORGANIZATION SUPPORTS WITH OFFERING A WIDE CONTINUUM OF SENIOR LIVING OPTIONS FROM INDEPENDENT/ASSISTED LIVING APARTMENTS IN WINSLOW GARDENS AND SKILLED NURSING AND REHABILITATION IN LINN HEALTH CARE CENTER ALSO IN EAST PROVIDENCE, TO ITS NEWEST FACILITY, ARBOR HILL, AN ASSISTED LIVING FACILITY LOCATED ON FEDERAL HILL IN PROVIDENCE.ALDERSBRIDGE FOUNDATION SUPPORTS TO ENSURE THAT EACH RESIDENT IS PROVIDED WITH THE LIVING ENVIRONMENT AND LEVEL OF CARE THAT BEST SUITS THE INDIVIDUAL'S NEEDS. ITS AFFORDABLE SERVICES OFFER FLEXIBILITY AND STABILITY WHILE MAXIMIZING INDEPENDENCE WITH A SENSE OF SECURITY AND CONFIDENCE FOR LOW TO MID-INCOME SENIORS "ADDING LIFE TO YEAR". 18 18 0 18 0 0 513161 280 0 0 -7923 20834 276 50 505514 21164 0 0 0 0 0 0 0 0 0 43794 46861 43794 46861 461720 -25697 2301909 2476236 422250 455093 1879659 2021143 X THE PRIMARY EXEMPT PURPOSE IS TO PROVIDE ELDERLY PERSONS ON A NON-PROFIT BASIS RENTAL HOUSING, HEALTH CARE, ASSISTED LIVING AND OTHER FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED AND CONTRIBUTING TO THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING; TO THAT END, IT IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF ALDERSBRIDGE COMMUNITIES, WINSLOW GARDENS, AND LINN HEALTH AND REHABILITATION. 0 0 26897 MANAGEMENT OF INVESTMENTS AND OTHER SUPPORTING ACTIVITIES FOR THE BENEFIT OF RELATED ORGANIZATIONS THAT ARE ALSO ORGANIZATIONS EXEMPT FROM TAXATION. 26897 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 X JOSEPH DURAND 4014387210 40 IRVING AVENUE EAST PROVIDENCE RI 02914 RICHARD GAMACHE CHIEF EXECUTIVE OFFICER 0.00 40.00 X 0 265827 27796 JOSEPH DURAND CHIEF FINANCIAL OFFICER 0.00 45.00 X 0 137946 23156 JAMIE SANFORD ADMINISTRATOR 0.00 40.00 X 0 135769 23113 SANDRA CULLEN CHIEF OPERATING OFFICER 0.00 40.00 X 0 121552 14605 SUSAN ABELY BOARD MEMBER 1.00 8.00 X 0 0 0 ROBERT GAUTHIER BOARD MEMBER 0.00 2.00 X 0 0 0 BRUCE W GLASS BOARD MEMBER 0.00 2.00 X 0 0 0 JODI GLASS BOARD MEMBER 0.00 2.00 X 0 0 0 JENNIE HENRIQUES BOARD MEMBER 0.00 1.00 X 0 0 0 JOHN O'ROURKE BOARD MEMBER 0.00 4.00 X 0 0 0 FRANCIS RICHARDS BOARD MEMBER 0.00 5.00 X 0 0 0 ELIZABETH HOWLETT BOARD MEMBER 0.00 5.00 X 0 0 0 JASON PRECIPHS ESQ BOARD MEMBER 1.00 4.00 X 0 0 0 VALERIE PERRY BOARD MEMBER 0.00 2.00 X 0 0 0 REV DR JAMES MARTIN BOARD MEMBER 1.00 4.00 X 0 0 0 JOCELYNE DEGOUVENAIN BOARD MEMBER 0.00 1.00 X 0 0 0 BISHOP PEGGY JOHNSON BOARD MEMBER 0.00 1.00 X 0 0 0 TJ DELSANTO BOARD MEMBER 0.00 1.00 X 0 0 0 DONALD RIPLEY PRESIDENT 1.00 6.00 X X 0 0 0 MICHAEL COLE VICE PRESIDENT 1.00 6.00 X X 0 0 0 HANNAH BELL-LOMBARDO SECRETARY 1.00 7.00 X X 0 0 0 LAUREN FLORIO TREASURER 1.00 6.00 X X 0 0 0 0 661094 88670 0 0 1 0 0 130 150 280 20835 20835 37691 37692 -1 -1 -1 OTHER INCOME 900099 50 50 50 21164 0 0 20884 24000 24000 13744 13744 6220 6220 MISCELLANEOUS EXPENSE 2897 2897 46861 26897 19964 0 28533 21068 1180 1180 25665 25665 0 0 1002738 1180211 1269458 1273777 2301909 2476236 408794 441637 13456 13456 422250 455093 X 1067689 1037646 811970 983497 1879659 2021143 2301909 2476236 X -25697 86899 80282 X X 0 1 X 1 0 X X 4 WINSLOW GARDENS (FKA UNITED METHODIST RETIREMENT CENTER) 050318003 10 1 0 0 ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 050500898 7 1 0 0 LINN HEALTH AND REHABILITATION (FKA UNITED METHODIST HEALTH CARE CENTER) 050500899 7 1 0 0 ARBOR HILL ASSISTED LIVING 452047960 10 0 0 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G, COLUMN IV: ARBOR HILL ASSISTED LIVING IS NOT LISTED IN THE ALDERSBRIDGE FOUNDATION'S GOVERNING DOCUMENTS. HOWEVER, BOTH ORGANIZATIONS HAVE THE SAME MEMBERS ON THEIR RESPECTIVE BOARDS OF DIRECTORS. ARBOR HILL ASSISTED LIVING HAS BEEN A SUPPORTED ORGANIZATION SINCE 2012. THE ALDERSBRIDGE FOUNDATION'S HISTORIC AND CONTINUING RELATIONSHIP WITH ARBOR HILL HAS BEEN FOR PROVIDING SUPPORT AND FINANCIAL ASSISTANCE. PART IV, SECTION A, LINE 1: ARBOR HILL ASSISTED LIVING HAS BEEN A SUPPORTED ORGANIZATION SINCE 2012. THE ALDERSBRIDGE FOUNDATION'S HISTORIC AND CONTINUING RELATIONSHIP WITH ARBOR HILL HAS BEEN FOR PROVIDING SUPPORT AND FINANCIAL ASSISTANCE. 873703 25333 177473 1076509 1048189 4967 -179453 873703 956772 1250 111131 20964 1048189 855236 250 124861 23575 956772 732276 13025 134769 24834 855236 0.03178 0.60220 0.36602 0 0 25665 25665 0 0 DUE FROM AFFILIATE 1150665 LINE OF CREDIT RECEIVABLE 52700 ACCRUED INTEREST RECEIVABLE 70412 1273777 DUE TO AFFILIATE 13456 13456 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED TO SUPPORT FUTURE OPERATIONS AND CAPITAL PROJECTS OF THE RELATED ORGANIZATIONS. PART X, LINE 2: MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS. FOLLOWING IS THE TEXT OF THE FINANCIAL STATEMENT FOOTNOTE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND ITS SUBSIDIARIES AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION AND ITS SUBSIDIARIES HAVE TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY INTERNAL REVENUE SERVICE. THE ORGANIZATION AND ITS SUBSIDIARIES ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION AND ITS SUBSIDIARIES RECOGNIZE INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF INTEREST EXPENSE. 0 0 0 0 0 0 0 0 0 RICHARD GAMACHE CHIEF EXECUTIVE OFFICER 0 233567 0 32260 0 0 0 13928 0 13868 0 293623 0 0 JOSEPH DURAND CHIEF FINANCIAL OFFICER 0 125789 0 12157 0 0 0 7547 0 15609 0 161102 0 0 JAMIE SANFORD ADMINISTRATOR 0 125067 0 10702 0 0 0 7504 0 15609 0 158882 0 0 SCHEDULE J PART I LINE 3 EXPLANATION THE SOLE MEMBER OF THIS CORPORATION, ALDERSBRIDGE COMMUNITIES' FINANCE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE CHIEF EXECUTIVE OFFICER'S COMPENSATION. THE COMMITTEE TAKES INTO ACCOUNT THE COMPENSATION PAID TO SIMILAR CHIEF EXECUTIVE OFFICERS AT COMPARABLE NON-PROFIT ORGANIZATIONS IN THE AREA. THE COMMITTEE ALSO CONSIDERS THE PERFORMANCE OF THE ORGANIZATION DURING THE REVIEW PERIOD AND THE CHIEF EXECUTIVE OFFICER'S SUCCESS IN ACHIEVING THE ORGANIZATION'S GOALS. THE DISCUSSIONS AND DECISION OF THE CHIEF EXECUTIVE OFFICER'S COMPENSATION ARE DOCUMENTED BY THE FINANCE COMMITTEE DURING ITS MEETING. FORM 990, PART VI, SECTION A, LINE 2 OFFICERS JOSEPH DURAND, SANDRA CULLEN, RICHARD GAMACHE, AND JAMIE SANFORD HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER THROUGH THEIR EMPLOYMENT BY RELATED ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THIS CORPORATION IS ALDERSBRIDGE COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SHALL BE ELECTED BY THE SOLE MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP OF THE ORGANIZATION ARE ELECTED TO THE CORPORATION BY THE NEW ENGLAND CONFERENCE OF THE UNITED METHODIST CHURCH. FORM 990, PART VI, SECTION B, LINE 11B IT IS ALDERSBRIDGE FOUNDATION'S POLICY THAT ALDERSBRIDGE COMMUNITIES' FINANCE COMMITTEE WILL REVIEW THE IRS FORM 990 THAT IS FILED ON THE ORGANIZATION'S BEHALF. THE FINANCE COMMITTEE WILL REPORT ITS REVIEW TO THE BOARD OF DIRECTORS. A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH BOARD MEMBER AND MANAGER TO PROVIDE AN INITIAL AND THEREAFTER AN ANNUAL CONFLICT OF INTEREST STATEMENT ATTESTING THAT HE OR SHE HAS READ AND IS FAMILIAR WITH THE CONFLICT OF INTEREST POLICY. IN THE CONFLICT OF INTEREST POLICY THEY ARE REQUIRED TO DISCLOSE ANY RELATIONSHIPS OR BUSINESS DEALINGS IN WHICH THERE IS THE POTENTIAL FOR A CONFLICT OF INTEREST TO EXIST. THE CHIEF EXECUTIVE OFFICER ENSURES THAT CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY ALL THOSE REQUIRED. IF A CONFLICT OF INTEREST ARISES THEN IT IS REFERRED TO THE EXECUTIVE BOARD FOR RESOLUTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE MAIN OFFICE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST 80,282. 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS. ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 40 IRVING AVENUE EAST PROVIDENCE RI 02914 050500898 MANAGES THE OPERATIONS AND FUNDRAISING ACTIVITIES OF RELATED ORGANIZATIONS RI 501(C)(3) LINE 7 N/A 0 WINSLOW GARDENS (FKA UNITED METHODIST RETIREMENT CENTER) 40 IRVING AVENUE EAST PROVIDENCE RI 02914 050318003 OPERATES A 114 UNIT RETIREMENT AND ASSISTED LIVING CENTER RI 501(C)(3) LINE 10 ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 1 LINN HEALTH AND REHABILITATION (FKA UNITED METHODIST HEALTH CARE CENTER) 40 IRVING AVENUE EAST PROVIDENCE RI 02914 050500899 OPERATION OF AN 73 BED NURSING FACILITY FOR THE ELDERLY RI 501(C)(3) LINE 7 ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 1 ARBOR HILL ASSISTED LIVING 153 DEAN STREET PROVIDENCE RI 02903 452047960 OPERATION OF A 53 UNIT ASSISTED LIVING FACILITY FOR THE ELDERLY RI 501(C)(3) LINE 10 ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 LINN HEALTH AND REHABILITATION (FKA UNITED METHODIST HEALTH CARE CENTER) D 261620 CASH ARBOR HILL ASSISTED LIVING D 941745 CASH ALDERSBRIDGE COMMUNITITES (FKA UNITED METHODIST ELDER CARE) M 412216 CASH