2025-06-05T10:08:23-04:00 2024-12-31 205053042 SEYFARTH & SEYFARTH CPAS PC 564 E MAIN ST MALONE NY 129532033 990 2024-01-01 141805657 LAKE FOREST SENIOR LIVING COMMUNITY INC LAKE 5185616431 8 LAKE FOREST DRIVE PLATTSBURGH NY 12903 BRIAN MINCHOFF EXECUTIVE DIRECTOR 5185616431 2025-06-02 false ANN E SEYFARTH P00393034 5184830880 2025-06-05 2024 2025-03-06 01:10:19Z BRIAN MINCHOFF 8 LAKE FOREST DRIVE PLATTSBURGH NY 12901 2546499 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 AFFORDABLE, NON-SUBSIDIZED HOUSING COMMUNITY. 10 10 22 0 7500 5581 2321577 2323133 134338 192774 23466 25011 2486881 2546499 0 0 661012 705238 0 0 1391105 1281177 2052117 1986415 434764 560084 11204933 11451158 8103505 7804937 3101428 3646221 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 AFFORDABLE, NON-SUBSIDIZED HOUSING COMMUNITY. false false 1755360 2323133 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. LAKE FOREST HAS CRAFTED AN ELEGANT CATERING MENU AVAILABLE TO RESIDENTS FOR SPECIAL OCCASIONS SUCH AS BIRTHDAYS, ANNIVERSARIES, AND FAMILY GATHERINGS. ADDITIONALLY, LAKE FOREST EXTENDS CATERING SERVICES TO NONRESIDENTS ON A SELECTIVE BASIS. BY FOSTERING STRONG COMMUNITY TIES THROUGH CATERING, LAKE FOREST ENHANCES THE OVERALL SENSE OF COMMUNITY. THE ORGANIZATION AIMS TO CREATE AN INCLUSIVE ENVIRONMENT THAT INVITES EVERYONE IN THE SURROUNDING AREA TO ENGAGE WITH ITS LONG-STANDING TRADITION OF OFFERING DIVERSE INDEPENDENT LIVING OPTIONS. IN 2024, LAKE FOREST SERVED 107 INDIVIDUALS. MANY RESIDENTS WERE ALREADY FAMILIAR WITH LAKE FOREST BEFORE JOINING THE WAITLIST. THE AVERAGE AGE OF RESIDENTS IN APARTMENTS WAS 85 YEARS OLD. THE AVERAGE AGE OF RESIDENTS IN TOWN STYLE HOMES WAS 78 YEARS OLD. RESIDENTS HAIL FROM VARIOUS PARTS OF THE UNITED STATES AND CANADA. WHILE SOME CHOOSE LAKE FOREST TO BE CLOSER TO FAMILY AND FRIENDS,OTHERS ARE DRAWN TO THE TRANQUILITY OF THE ADIRONDACK REGION OF UPSTATE NEW YORK, RENOWNED FOR ITS NATURAL BEAUTY. REGARDLESS OF THEIR REASONS, ALL RESIDENTS SHARE A COMMON INTEREST IN DOWNSIZING, ENRICHING THEIR SOCIAL EXPERIENCES, ENJOYING A CAREFREE LIFESTYLE AND RECEIVING SUPPORT TO MAINTAIN THEIR INDEPENDENCE. TURNOVERS ARE HANDLED SMOOTHLY AND SWIFTLY. WE EXCEL IN COMMUNICATION WITH PROSPECTIVE RESIDENTS THROUGH ROUTINE COMMUNICATION DURING THE MOVE-IN PROCESS. WE OFFER SEVERAL WRITTEN HANDOUTS TO EDUCATE NEW RESIDENTS AND PROVIDE A REMARKABLE ORIENTATION AT THE TIME OF OCCUPANCY. LAKE FOREST MANAGED A LESS THAN 1% VACANCY RATE IN 2024. 1755360 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 22 true false false false false false false false false X 10 10 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 102079 0 23464 MARIA ALEXANDER DIRECTOR 1.00 X 0 0 0 LAUREN AVERY TREASURER 2.00 X X 0 0 0 JARED BURNS DIRECTOR 2.00 X 0 0 0 DAVE COLLIN 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 VICE PRESIDE 1.00 X X 0 0 0 JACQUELINE KELLEHER DIRECTOR 2.00 X 0 0 0 RICHARD LARCHE DIRECTOR 1.00 X 0 0 0 MAUREEN RYAN DIRECTOR 1.00 X 0 0 0 DEBORAH SHERMAN DIRECTOR 1.00 X 0 0 0 PETER STONE PRESIDENT 2.00 X X 0 0 0 102079 23464 1 false false false 5581 5581 PROGRAM SERVICE REVENUE 2323133 2323133 2323133 190224 190224 2550 2550 2550 2550 OTHER REVENUE 25011 25011 25011 2546499 2540918 125543 125543 508237 501264 6973 7410 7410 17279 17279 46769 38933 7836 52299 52299 6502 6502 8237 8237 23115 333 22782 570266 565903 4363 1598 1438 160 121606 120390 1216 316545 313380 3165 75213 67692 7521 FOOD COSTS 55940 55940 RESIDENT SERVICES 40386 40386 TELEPHONE 6723 1681 5042 MISCELLANEOUS 2747 785 1962 1986415 1741051 245364 0 501825 314422 3391496 2895197 1839 102732 101086 12341408 5531051 7041538 6810357 1149454 165503 180642 11204933 11451158 77749 60736 3928125 4033885 78799 76781 3224596 3021634 794236 611901 8103505 7804937 X 2935925 3465579 165503 180642 3101428 3646221 11204933 11451158 560084 -15291 X false true X true false X 499 320 7500 5581 13900 1962960 2068115 2220185 2321577 2323133 10895970 1962960 2068614 2220505 2329077 2328714 10909870 631026 619438 544501 581012 474133 2850110 631026 619438 544501 581012 474133 2850110 8059760 15442 4768 35725 134338 190224 380497 15442 4768 35725 134338 190224 380497 31064 38163 23466 25011 117704 1978402 2104446 2294393 2486881 2543949 11408071 0.70650 0.69980 0.03000 0.02000 X PART III, LINE 12 117,704 false true X false false 916007 916007 10888312 5124085 5764227 537089 406966 130123 6810357 REFUNDABLE ENTRANCE FEE 611901 611901 X 2524706 -15291 -15291 2539997 6502 6502 2546499 1979913 1979913 6502 6502 1986415 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION HOLDS TENANT SECURITY DEPOSITS. SCHEDULE D, PAGE 3, PART X 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, 2024. 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 2021. 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 AFFORDABLE, NON-SUBSIDIZED HOUSING 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. LAKE FOREST HAS CRAFTED AN ELEGANT CATERING MENU AVAILABLE TO RESIDENTS FOR SPECIAL OCCASIONS SUCH AS BIRTHDAYS, ANNIVERSARIES, AND FAMILY GATHERINGS. ADDITIONALLY, LAKE FOREST EXTENDS CATERING SERVICES TO NONRESIDENTS ON A SELECTIVE BASIS. BY FOSTERING STRONG COMMUNITY TIES THROUGH CATERING, LAKE FOREST ENHANCES THE OVERALL SENSE OF COMMUNITY. THE ORGANIZATION AIMS TO CREATE AN INCLUSIVE ENVIRONMENT THAT INVITES EVERYONE IN THE SURROUNDING AREA TO ENGAGE WITH ITS LONG-STANDING TRADITION OF OFFERING DIVERSE INDEPENDENT LIVING OPTIONS. IN 2024, LAKE FOREST SERVED 107 INDIVIDUALS. MANY RESIDENTS WERE ALREADY FAMILIAR WITH LAKE FOREST BEFORE JOINING THE WAITLIST. THE AVERAGE AGE OF RESIDENTS IN APARTMENTS WAS 85 YEARS OLD. THE AVERAGE AGE OF RESIDENTS IN TOWN STYLE HOMES WAS 78 YEARS OLD. RESIDENTS HAIL FROM VARIOUS PARTS OF THE UNITED STATES AND CANADA. WHILE SOME CHOOSE LAKE FOREST TO BE CLOSER TO FAMILY AND FRIENDS,OTHERS ARE DRAWN TO THE TRANQUILITY OF THE ADIRONDACK REGION OF UPSTATE NEW YORK, RENOWNED FOR ITS NATURAL BEAUTY. REGARDLESS OF THEIR REASONS, ALL RESIDENTS SHARE A COMMON INTEREST IN DOWNSIZING, ENRICHING THEIR SOCIAL EXPERIENCES, ENJOYING A CAREFREE LIFESTYLE AND RECEIVING SUPPORT TO MAINTAIN THEIR INDEPENDENCE. TURNOVERS ARE HANDLED SMOOTHLY AND SWIFTLY. WE EXCEL IN COMMUNICATION WITH PROSPECTIVE RESIDENTS THROUGH ROUTINE COMMUNICATION DURING THE MOVE-IN PROCESS. WE OFFER SEVERAL WRITTEN HANDOUTS TO EDUCATE NEW RESIDENTS AND PROVIDE A REMARKABLE ORIENTATION AT THE TIME OF OCCUPANCY. LAKE FOREST MANAGED A LESS THAN 1% VACANCY RATE IN 2024. 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.