2024-11-15T13:54:01-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2023-01-01 042696489 SALEM COMMUNITY CORPORATION SALE 5088522670 65 BRIARWOOD CIRCLE WORCESTER MA 01606 ANDREW FREILICH EXECUTIVE DIRECTOR 5088522670 2024-11-14 1 0 MARY-EVELYN ANTONETTI P00431862 2126976900 2024-11-14 2023 2024-10-15 13:58:12Z ANDREW FREILICH 65 BRIARWOOD CIRCLE WORCESTER MA 01606 34303863 0 X WWW.BRIARWOODRETIREMENT.COM X 1974 MA TO PROVIDE HOUSING AND SUPPORT TO ITS RESIDENTS AND OTHER SENIORS. 13 13 346 100 0 0 2105860 2776609 19976067 22195328 296602 275816 566424 235799 22944953 25483552 0 0 0 0 8538874 9481648 0 0 0 15662323 17505705 24201197 26987353 -1256244 -1503801 72117974 73629717 82698739 84389263 -10580765 -10759546 THE ORGANIZATION'S MISSION IS TO ENHANCE THE WELL-BEING, INDEPENDENCE AND PERSONAL FULFILLMENT OF ITS RESIDENTS AND OTHER SENIORS BY PROVIDING EXCELLENT HOUSING, HEALTH, WELLNESS AND SUPPORTIVE SERVICES CONSISTENT WITH THE CARING SPIRIT OF THE FOUNDING CHURCHES. 0 0 23857393 25483552 THE ORGANIZATION'S PROGRAM SERVICES INCLUDE THE OPERATION OF AN 82-BED NURSING HOME, KNOLLWOOD NURSING CENTER AND A 228-UNIT CONTINUING CARE RETIREMENT AND ASSISTED LIVING FACILITY, BRIARWOOD COMMUNITY, IN WORCESTER AND WEST BOYLSTON, MASSACHUSETTS. 23857393 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 22 0 1 346 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X HOLLY STEVENS 5088522670 65 BRIARWOOD CIRCLE WORCESTER MA 01606 SUSAN DURHAM DIRECTOR 1.00 X 0 0 0 PETER SMITH DIRECTOR (JOINED IN 2023) 1.00 X 0 0 0 RICHARD WHITTEN DIRECTOR 1.00 X 0 0 0 KAREN JOHNSON TREASUER 1.00 X X 0 0 0 PAUL FAVULLI DIRECTOR 1.00 X 0 0 0 GARTH JOHNSON DIRECTOR 1.00 X 0 0 0 KARL N BJORK DIRECTOR (RESIGNED 4/2023) 1.00 X 0 0 0 DR SARAH MCGEE DIRECTOR 1.00 X 0 0 0 GAIL MORGAN PRESIDENT 3.00 X X 0 0 0 ROBERT LONGDEN VICE PRESIDENT 3.00 X X 0 0 0 EMILY STARR DIRECTOR 1.00 X 0 0 0 LOUIS SWAN CLERK 1.00 X X 0 0 0 ANITA THOMAS DIRECTOR 1.00 X 0 0 0 PETER VILES DIRECTOR (RESIGNED IN 2023) 1.00 X 0 0 0 STEPHEN M PITCHER DIRECTOR (RESIGNED 4/2023) 1.00 X 0 0 0 JOSEPH WETTON DIRECTOR 1.00 X 0 0 0 HOLLY STEVENS CONTROLLER 40.00 X 114108 0 25890 NATALYA LESHCHINER CFO 1.00 X 0 0 0 MELISSA FERGUSON NURSING ADMINISTRATOR 40.00 X 136867 0 36741 PATRICIA FOLEY-MARTEL NURSING HOME ADMINISTRATOR 40.00 X 131768 0 12498 DANIELLE RUTH DIRECTOR OF SALES 40.00 X 125432 0 2509 EDWARD MURPHY ASSISTED LIVING SERVICES 40.00 X 117322 0 0 NANCY BEGIN SALES AND MARKETING 40.00 X 114557 0 5697 740054 0 83335 7 0 1 0 ROGERSON COMMUNITIES 1 FLORENCE ST ROSLINDALE MA 02131 MANAGEMENT COMPANY 876441 PERFORMANCE HEALTHCARE 47 RIVER STREET WELLESLEY MA 02481 HOUSEKEEPING 636496 NATIONAL FACILITY SERVICES 239 LITTLETON ROAD WESTFORD MA 01886 MAINTENANCE 631449 COMMERCE COMMERCIAL PO BOX 88714 MILWAUKEE WI 532888714 AGENCY - NURSING STAFFING 445170 TWOMAGNETS DBA CLIPBOARD HEALTH 340 S LEMON AVE WALNUT CA 91789 AGENCY - NURSING STAFFING 409592 10 55172 2039632 681805 188034 2776609 PROGRAM SERVICE REVENUE 623000 21867501 21867501 ANCILLARY SERVICES 623000 327827 327827 22195328 707666 707666 216309 233034 -16725 -16725 -16725 8113166 8545016 -431850 -431850 -431850 44909 55172 42261 2648 2648 2899 0 2899 2899 TENANT REIMBURSEMENTS 900099 133006 133006 MISCELLANEOUS INCOME 900099 76784 76784 EMPLOYEE/GUEST MEALS 900099 37187 37187 246977 25483552 22195328 0 511615 8227699 7544488 683211 615169 558832 56337 638780 580281 58499 908871 718864 190007 15436 12209 3227 84706 66998 17708 25945 20521 5424 2058551 1628194 430357 135524 107192 28332 551446 436162 115284 141759 112123 29636 1364770 1079454 285316 5732 4534 1198 45906 36309 9597 1913794 1913794 3264200 3264200 323700 256028 67672 REPAIR & MAINTENANCE 2044405 1617006 427399 DIETARY 1372886 1085873 287013 BAD DEBT 1100000 1100000 SUPPLIES 777114 629981 147133 1370960 1084350 286610 26987353 23857393 3129960 0 5208841 8358944 631057 545064 2311852 2582733 386650 481355 88127665 40906529 48604979 47221136 9602448 9256164 5372147 5184321 72117974 73629717 2699016 2733765 7408632 8469449 40564796 39194647 32026295 33991402 82698739 84389263 X -13112162 -13602622 2531397 2843076 -10580765 -10759546 72117974 73629717 -1503801 1325020 0 X X 0 1 X 1 0 X 333822 3043052 613568 2105860 2776609 8872911 16954155 16377176 18440427 19976067 22195328 93943153 17287977 19420228 19053995 22081927 24971937 102816064 55000 55000 0 55000 55000 102761064 203852 274670 357532 507212 923975 2267241 203852 274670 357532 507212 923975 2267241 2648 2648 420676 398211 622067 249876 1690830 17491829 20115574 19809738 23211206 26148436 106776783 0.96240 0.96820 0.02120 0.01640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1621 1621 0 PART II-B, LINE 1: SALEM COMMUNITY CORPORATION PAYS DUES TO MASSACHUSETTS SENIOR ASSOCIATION AND THE AMERICAN HEALTH CARE ASSOCIATION. A PORTION OF THESE DUES IS ALLOCATED TO LOBBYING. X 1 0 0 0 2531398 224796 308415 221532 2843077 2671719 1058780 -410334 788767 2531398 2674595 442061 320736 765673 2671719 2208167 277305 280753 91630 2674595 2090485 273342 392030 33273 514417 2208167 0.00000 0.50436 0.49564 0 0 2694607 2694607 62483039 28931635 33551404 15855724 8140490 7715234 6284477 3834404 2450073 809818 809818 47221136 SOFTWARE 33068 ASSETS LIMITED TO USE 5151253 5184321 REFUNDABLE DEPOSITS 889829 RESIDENT REFUNDABLE ENTRANCE FEES 33073389 OTHER LIABILITIES 28184 33991402 X 25483552 1325020 275295 1600315 23883237 1100000 1100000 24983237 26162648 275295 275295 25887353 1100000 1100000 26987353 PART II, LINE 9: INCLUDED IN LAND IN FIXED ASSETS PART IV, LINE 1B: SALEM COMMUNITY CORPORATION HAS CUSTODY OF ACCOUNTS FOR PATIENTS. THE AMOUNTS ARE EXPENDED BY PATIENTS AT THEIR REQUEST PART V, LINE 4: THE ORGANIZATION HAS RECEIVED DONOR-RESTRICTED CONTRIBUTIONS, WHICH HAVE BEEN ACCOUNTED FOR AS NET ASSETS WITH DONOR RESTRICTIONS THAT ARE PERPETUAL IN NATURE. THE PRINCIPAL AMOUNT OF THE CONTRIBUTION IS REQUIRED TO BE MAINTAINED, WITH THE INCOME BEING AVAILABLE FOR RESTRICTED PURPOSES. THE ORGANIZATION MAINTAINS THESE DONOR-RESTRICTED CONTRIBUTIONS IN TWO SEPARATE ENDOWMENT FUNDS, THE RESIDENTS ASSISTANCE FUND AND THE WOODBURY FUND. NET ASSETS WITH PURPOSE RESTRICTIONS REPRESENT GAINS AND LOSSES ON THE ABOVE ENDOWMENT FUNDS. IN ADDITION, NET ASSETS WITH PURPOSE RESTRICTIONS INCLUDE PURPOSE RESTRICTED GIFTS TO: ESTABLISH A FUND TO UNDERWRITE ADVANCE FEES; PAY FOR ADMINISTRATION TRAINING COSTS; PURCHASE A GENERATOR; DEVELOP MEMORY SUPPORT CARE; FUND LIBRARY USES. PART X, LINE 2: SALEM COMMUNITY CORPORATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. MOUNTAIN STREET WAS ORGANIZED AS A LIMITED LIABILITY COMPANY. AS SUCH, MOUNTAIN STREET IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAX POSITIONS BY APPLYING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 233,034. FUNDRAISING EXPENSE 42,261. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 1,100,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 233,034. FUNDRAISING EXPENSE 42,261. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 1,100,000. GOLF TOURNAMENT 100081 55172 44909 1000 742 14909 17212 8398 100081 55172 44909 1000 742 14909 17212 8398 42261 2648 0 0 0 0 0 0 0 0 0 MELISSA FERGUSON NURSING ADMINISTRATOR 136867 0 0 0 0 0 0 0 36741 0 173608 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584Y2X6 2022-05-09 40345948 SERIES 2022 BONDS 0 0 0 A 1364715 40345948 2974881 805906 36565161 1 1 0 1 A 0 0 1 1 0 0 0 1 A 0 0 1 0 1 1 MANUFACTURERS AND TRADERS TRUST 580.000000000000 0 0 0 0 1 A 1 X 1 47369 FMV X STEINWAY PIANO 1 140665 FMV 0 1 0 PART I, COLUMN (B) PART I, COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 3 SALEM COMMUNITY CORPORATION HIRED ROGERSON COMMUNITIES TO RUN THE DAY TO DAY PROGRAM OPERATIONS AND BUSINESS AFFAIRS OF THE COMMUNITY THROUGH THE EXECUTIVE DIRECTOR POSITION. ROGERSON PAYROLL REIMBURSEMENT FOR ANDREW FREILICH, EXECUTIVE DIRECTOR THROUGH MANAGEMENT COMPANY, WAS $235,456 FOR 2023. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP SHALL CONSIST OF NOT LESS THAN TEN (10) REPRESENTATIVES OF THE FIRST BAPTIST CHURCH OF WORCESTER, MASSACHUSETTS, AND NOT LESS THAN TEN (10) REPRESENTATIVES OF THE SALEM COVENANT CHURCH OF WORCESTER, MASSACHUSETTS. IN ADDITION TO THE REPRESENTATIVES OF THE TWO CHURCHES, THE MEMBERS ANNUALLY AT THEIR ANNUAL MEETING MAY FIX AN ADDITIONAL NUMBER OF MEMBERS WHO ARE NOT REPRESENTATIVE OF EITHER CHURCH AND MAY ELECT THE ADDITIONAL NUMBER OF MEMBERS SO FIXED. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES SHALL CONSISTS OF A MINIMUM OF TWO (2) REPRESENTATIVE OF THE FIRST BAPTIST CHURCH OF WORCESTER MA AND WHO ARE NOT RESIDENTS OF BRIARWOOD AND A MINIMUM OF TWO (2) REPRESENTATIVES OF THE SALEM COVENANT CHURCH OF WORCESTER, MA AND WHO ARE NOT RESIDENT OF BRIARWOOD, WHENEVER FEASIBLE IN THE JUDGEMENT OF THE GOVERNANCE COMMITTEE. THE BOARD OF TRUSTEES SHALL ALSO INCLUDE THREE (3) RESIDENTS OF BRIARWOOD AND NOT LESS THAN SEVEN (7) MEMBERS FORM THE GREATER WORCESTER COMMUNITY. FORM 990, PART VI, SECTION A, LINE 7B A TRUSTEE MAY BE SUSPENDED OR REMOVED (A) WITH OR WITHOUT CAUSE BY VOTE OF A MAJORITY OF THE MEMBERS THAN IN OFFICE OR (B) WITH CAUSE BY VOTE OF A MAJORITY OF THE TRUSTEES THEN IN OFFICE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF MEMBERS ON THE FINANCE COMMITTEE ARE GIVEN DRAFTS FOR REVIEW UPON THEIR REVIEW, IF ANY QUESTIONS ARISE, THEY DISCUSS WITH THE CFO/CONTROLLER. IF FURTHER CLARIFICATIONS IS NEEDED, THE ORGANIZATIONS OUTSIDE ACCOUNTANTS ARE CONSULTED. MANAGEMENT WILL REVIEW A DRAFT OF THE FORM 990 UPON PREPARATION AND GIVE APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR SERVES AS THE COMPLIANCE OFFICER. ALL SERVICES INVOLVING CONTRACTS WITH THE CORPORATION WILL BE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. ALL MEMBERS OF THE CORPORATION AND MANAGERS INVOLVED IN CORPORATE PURCHASES WILL COMPLETE AN ANNUAL DISCLOSURE AND CONFLICT OF INTEREST DOCUMENT TO ASSURE ALL PROFESSIONAL, BUSINESS AND PERSONAL RELATIONSHIPS THAT MAY AFFECT PURCHASING OR SERVICE TO RESIDENTS ARE IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 CURRENTLY, THE EXECUTIVE DIRECTOR IS OUTSOURCED FROM THE MANAGEMENT COMPANY, ROGERSON COMMUNITIES, WHO DETERMINES SALARY BASED ON SERVICES PROVIDED. TYPICALLY, THE EXECUTIVE DIRECTOR IS INTERVIEWED AND SELECTED BY THE BOARD OF DIRECTORS AND THE FINANCE COMMITTEE. PRIOR TO MAKING THE COMPENSATION OFFER, HUMAN RESOURCES CONDUCTS A MARKET REVIEW OF CURRENT SALARY RANGES FOR CCRC/NURSING CENTERS IN THE GREATER WORCESTER AREA. UPON COMPLETION OF THE SURVEY, THE BOARD DETERMINES A COMPENSATION PACKAGE AND MAKES THE OFFER. ANNUALLY THE BOARD CONDUCTS AN EVALUATION AND REVIEW OF THE EXECUTIVE DIRECTOR AND DETERMINES A PERCENTAGE INCREASE BASED ON THE REVIEW. 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 UPON REQUEST FROM THE ORGANIZATION'S BUSINESS OFFICE. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. MOUNTAIN STREET PROPERTIES LLC 65 BRIARWOOD CIRCLE WORCESTER MA 01606 841803425 REAL ESTATE PROPERTIES MA 310498 1717395 SALEM COMMUNITY CORPORATION