2024-10-02T14:55:40-05:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-01-01 050258880 STEERE HOUSE NURSING & REHABILITATION CENTER STEE 4014547970 100 BORDEN STREET PROVIDENCE RI 02903 JOSHUA SEGAL EXECUTIVE DIRECTOR 4014547970 2024-10-01 1 1 MICHAEL E CRISCIONE P01456801 4014214800 2024-10-01 2023 2024-10-15 13:58:12Z JOSHUA SEGAL 100 BORDEN STREET PROVIDENCE RI 02903 21438890 0 X WWW.STEEREHOUSE.ORG X 1874 RI THE MISSION OF STEERE HOUSE NURSING & REHABILITATION CENTER IS TO SERVE ADULTS WHO REQUIRE SKILLED, RESTORATIVE AND LONG-TERM CARE SERVICES WITHIN A SECURE AND CARING ENVIRONMENT. THE CENTER ALSO PROVIDES EDUCATIONAL AND RESEARCH EXPERIENCES THAT ENHANCE THE CARE OF THOSE WE SERVE. 11 11 167 0 0 0 2722720 2941444 10860663 12452066 -2340668 2375564 34019 44268 11276734 17813342 0 0 0 0 7819228 8732765 0 0 0 6476209 7059719 14295437 15792484 -3018703 2020858 28365776 27298721 10961312 7241502 17404464 20057219 X THE MISSION OF STEERE HOUSE NURSING & REHABILITATION CENTER ("THE CENTER") IS TO SERVE ADULTS WHO REQUIRE SKILLED, RESTORATIVE AND LONG-TERM CARE SERVICES WITHIN A SECURE AND CARING ENVIRONMENT. THE CENTER ALSO PROVIDES EDUCATIONAL AND RESEARCH EXPERIENCES THAT ENHANCE THE CARE OF THOSE WE SERVE. 0 0 13666270 12496334 PROVIDES REHABILITATIVE, SKILLED, TRANSITIONAL NURSING CARE. ALSO PROVIDES LONG-TERM SUPPORT AND CARE TO THOSE WITH ALZHEIMERS AND MEMORY LOSS. 13666270 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 0 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 0 0 0 1 38 0 1 167 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JOSHUA SEGAL 4014547970 100 BORDEN STREET PROVIDENCE RI 02903 MARK SCHWAGER MD BOARD MEMBER 0.50 X 0 0 0 LINDA CANNISTRA BOARD PRESIDENT 2.50 0.50 X X 0 0 0 PAUL ASTPHAN BOARD VICE PRESIDENT 1.00 0.50 X X 0 0 0 ANDREW SPACONE BOARD MEMBER 1.00 X 0 0 0 NORMA OWENS BOARD TREASURER 2.00 0.50 X X 0 0 0 DIANE STEERE NOBLES BOARD SECRETARY 1.00 0.50 X X 0 0 0 TIMOTHY J REINER BOARD MEMBER 0.50 X 0 0 0 DAVID DOSA MD BOARD MEMBER THROUGH 2/27/2023 0.50 X 0 0 0 JONATHAN L CABOT BOARD MEMBER 0.50 X 0 0 0 CAROL C MCMAHON BOARD MEMBER 0.50 0.50 X 0 0 0 CAROL YARNEL BOARD MEMBER 0.50 X 0 0 0 DEBRA PAGE-TRIM BOARD MEMBER 0.50 X 0 0 0 JOSHUA SEGAL EXECUTIVE DIRECTOR 39.50 0.50 X X 184020 0 12917 CHELSIE HIGGINS DIRECTOR OF FINANCE THROUGH 11/27/23 39.50 0.50 X 95815 0 9302 NICOLE PLANTE DIRECTOR OF NURSING 40.00 X 159637 0 12834 DEBORAH YASICK SHIFT SUPERVISOR 50.51 X 155780 0 13033 ALTAGRACE PIERRE LOUIS LICENSED PRACTICAL NURSE 33.94 X 152501 0 13185 RUKAYAT OLALEKAN REGISTERED NURSE 38.50 X 152010 0 10862 SHERRY COOGAN REGISTERED NURSE 38.46 X 126664 0 9389 ANNA BUGGY REGISTERED NURSE 40.00 X 110690 0 2219 1137117 0 83741 18 0 1 0 UNIDINE LIFESTYLES DBA FLIK INTERNATION 2400 YORMONT RD CHARLOTTE NC 28217 CONTRACT SERVICES-DIETARY & EVS 1739617 CARELINK INC 400 MASSASOIT AVENUE SUITE 113 EAST PROVIDENCE RI 02914 THERAPY SERVICES 623401 COREWORKS LLC 13028 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 BUILDING MAINTENANCE MANAGEMENT 612706 PHARMERICA DBA PO BOX 409251 ATLANTA GA 303849251 PHARMACY SUPPLIES & SERVICES 249574 LIFESPAN CORPORATION PO BOX 414546 BOSTON MA 022414546 PHYSICIAN CONSULTING 167363 5 2318322 144771 478351 2941444 PATIENT SERVICES 623000 12452066 12452066 12452066 558180 558180 5442932 3625548 1817384 1817384 1817384 MISCELLANEOUS INCOME 623000 44268 44268 44268 17813342 12496334 0 2375564 X 474524 433521 41003 6862560 6269574 592986 85322 77950 7372 739113 675247 63866 571246 521885 49361 51932 51932 80021 80021 78654 78654 2694414 2570602 123812 39183 39183 453678 445923 7755 624 624 115812 115812 554819 69482 485337 251640 251640 SUPPLIES AND OTHER 982806 690331 292475 NURSING SUPPLIES 689600 689600 PROVIDER ASSESSMENT 662589 662589 FOOD AND DIETARY 403947 403947 15792484 13666270 2126214 0 362733 582871 0 0 1573099 1961770 51499 48476 96099 96761 15481500 11426042 4269751 4055458 13018001 12986955 803549 1431486 8191045 6134944 28365776 27298721 1301152 1258881 3632999 6027161 5982621 10961312 7241502 X 17341874 18836790 62590 1220429 17404464 20057219 28365776 27298721 X 2020858 36858 595039 X X 1 X 0 1 0 X 619460 1513569 1072783 823667 731934 4761413 11546876 9870919 10209426 10860663 12452066 54939950 12166336 11384488 11282209 11684330 13184000 59701363 279699 295908 302995 372325 241223 1492150 0 279699 295908 302995 372325 241223 1492150 58209213 330876 291505 363066 335127 558180 1878754 330876 291505 363066 335127 558180 1878754 26380 34956 3140 34019 44268 142763 12523592 11710949 11648415 12053476 13786448 61722880 0.94310 0.94420 0.03040 0.02840 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISC INCOME - 2019 AMOUNT: $ 26,380. 2020 AMOUNT: $ 34,956. 2021 AMOUNT: $ 3,140. 2022 AMOUNT: $ 34,019. 2023 AMOUNT: $ 44,268. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13018001 2269027 2151167 4451240 12986955 17063720 -2556403 1489316 13018001 16483745 2409749 1829774 17063720 15573885 1989781 1079921 16483745 14245576 2721971 1393662 15573885 0.92400 0.07600 0 0 12818183 9085679 3732504 2521676 2198722 322954 141641 141641 0 4055458 1431486 C 1431486 DEPOSITS 152323 RIGHT-OF-USE ASSET 5982621 6134944 OPERATING LEASE LIABILITY 5982621 5982621 X PART V, LINE 4: THE CENTER HAS ESTABLISHED THE BOARD-DESIGNATED FUND AS A PERPETUAL ENDOWMENT MEANT TO PROVIDE ANNUAL DRAWDOWNS FROM TOTAL RETURN TO SUPPLEMENT THE CENTER'S OPERATING BUDGET, AS WELL AS TO PROVIDE CAPITAL FOR EXTRAORDINARY USES FROM TIME TO TIME. THE CENTER HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR PERMANENT ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS PERMANENT ENDOWMENT WHILE SEEKING TO MAINTAIN THE HISTORIC DOLLAR VALUE AND PURCHASING POWER OF ITS PERMANENT ENDOWMENT ASSETS OVER THE INVESTMENT HORIZON. PART X, LINE 2: THE CENTER QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, THE CENTER IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, THE CENTER APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE CENTER'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. THE CENTER FILES A TAX RETURN IN THE U.S. FEDERAL JURISDICTION. X X 0 0 0 0 0 0 0 0 0 JOSHUA SEGAL EXECUTIVE DIRECTOR 184020 0 0 0 0 0 2072 0 10845 0 196937 0 0 0 NICOLE PLANTE DIRECTOR OF NURSING 159637 0 0 0 0 0 1989 0 10845 0 172471 0 0 0 DEBORAH YASICK SHIFT SUPERVISOR 155780 0 0 0 0 0 2684 0 10349 0 168813 0 0 0 ALTAGRACE PIERRE LOUIS LICENSED PRACTICAL NURSE 152501 0 0 0 0 0 2836 0 10349 0 165686 0 0 0 RUKAYAT OLALEKAN REGISTERED NURSE 152010 0 0 0 0 0 2535 0 8327 0 162872 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CENTER'S FINANCE TEAM MET TO REVIEW THE DRAFT 990 PRIOR TO FILING AND RECOMMENDED APPROVAL TO THE BOARD. IN ADDITION, ALL BOARD MEMBERS WERE PROVIDED WITH EITHER AN ELECTRONIC OR HARD COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS UPDATE AND SIGN THE ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS RETAINED. ANY CONFLICTS OF INTEREST ARISING IN THE INTERIM PERIOD ARE REQUIRED TO BE DISCLOSED WHEN KNOWN. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES THE EXECUTIVE DIRECTOR COMPENSATION POLICY, MONITORS COMPLIANCE WITH THE POLICY AND APPROVES THE EXECUTIVE DIRECTOR'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE CENTER'S LOCATION - 100 BORDEN STREET, PROVIDENCE, RI 02903. FORM 990, PART IX, LINE 11G OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 250,806. MANAGEMENT AND GENERAL EXPENSES 123,812. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 374,618. CONTRACTED THERAPY: PROGRAM SERVICE EXPENSES 622,753. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 622,753. CONTRACTED DIETARY: PROGRAM SERVICE EXPENSES 1,012,477. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,012,477. CONTRACTED HOUSEKEEPING: PROGRAM SERVICE EXPENSES 462,985. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 462,985. CONTRACTED LAUNDRY: PROGRAM SERVICE EXPENSES 132,053. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,053. CONTRACTED MAINTENANCE: PROGRAM SERVICE EXPENSES 89,528. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,528. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR PROFIT IN EQUITY OF JOINT VENTURE IN "OSAL" 627,937. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP CONTRACT -32,898. FORM 990, PART XII, LINE 2(C): THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE STEERE HOUSE FOUNDATION 100 BORDEN STREET PROVIDENCE RI 02903 050518885 PROVIDE SUPPORT AND MAINTENANCE OF STEERE HOUSE NURSING HOME RI 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 THE STEERE HOUSE FOUNDATION C 108812 ACTUAL AMOUNT RECEIVED THE STEERE HOUSE FOUNDATION O 2778 ACTUAL COST INCURRED THE STEERE HOUSE FOUNDATION C 2209510 ACTUAL AMOUNT RECEIVED