2025-08-27T11:41:35-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2024-01-01 300164277 WOODLAND POND INC WOOD 8452565511 100 WOODLAND POND CIRCLE NEW PALTZ NY 12561 MICHELLE GRAMOGLIA PRESIDENT & CEO 8452565511 2025-08-25 1 1 DANIELLE NIHILL P01350943 7819821001 2025-08-25 2024 2025-03-06 01:10:19Z WOODLAND POND AT NEW PALTZ MICHELLE GRAMOGLIA 100 WOODLAND POND CIRCLE NEW PALTZ NY 12561 30779941 0 X WWW.WPATNP.ORG X 2002 NY OPERATE A CONTINUING CARE RETIREMENT COMMUNITY UNDER ARTICLE 46 OF NY STATE PUBLIC HEALTH LAW 10 10 394 13 0 0 0 64563 24919904 27560835 251161 399113 488961 533508 25660026 28558019 0 0 0 0 14106946 16241949 0 0 0 15295884 16198685 29402830 32440634 -3742804 -3882615 77347111 77509328 160549108 164503655 -83201997 -86994327 X WOODLAND POND, INC. DBA WOODLAND POND AT NEW PALTZ, WAS CREATED TO CONSTRUCT AND OPERATE A CONTINUING CARE RETIREMENT COMMUNITY (THE "CCRC") NAMED WOODLAND POND AT NEW PALTZ, UNDER ARTICLE 46 OF NEW YORK STATE PUBLIC HEALTH LAW.THE CCRC CONSISTS OF 177 INDEPENDENT LIVING UNITS, 30 INDEPENDENT LIVING COTTAGES, 60 ENRICHED HOUSING UNITS (INCLUDING 20 DEDICATED TO RESIDENTS WITH ALZHEIMER'S DISEASE AND DEMENTIA), 40 PRIVATE SKILLED NURSING BEDS, ADMINISTRATIVE OFFICES, AND COMMON AREAS. WOODLAND POND, INC., ALSO PROVIDES OUTPATIENT PHYSICAL AND OCCUPATIONAL THERAPY SERVICES AND THROUGH ITS DESIGNATION AS A NEW YORK STATE ASSISTED LIVING RESIDENCE, OFFERS ENHANCED LEVEL OF CARE IN 40 OF THE 60 TOTAL ENRICHED HOUSING UNITS. 0 0 26128679 0 27986090 WOODLAND POND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY, WOODLAND POND AT NEW PALTZ, WHICH CONSISTED OF 207 INDEPENDENT LIVING UNITS AND 100 HEALTH CARE UNITS. WOODLAND POND ALSO PROVIDES OUTPATIENT PHYSICAL AND OCCUPATIONAL THERAPY SERVICES. WOODLAND POND HAS EARNED A REPUTATION FOR ITS ABILITY TO REHABILITATE ITS SKILLED NURSING RESIDENTS QUICKLY AND COMPREHENSIVELY. 26128679 1 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 81 0 1 394 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHELL GRAMOGLIA PRESIDENT & CEO 8452565501 100 WOODLAND POND CIRCLE NEW PALTZ NY 12561 CHRISTOPHER DROUIN CHAIR 1.00 X X 0 0 0 LAUREL GARRICK DUHANEY VICE CHAIR 1.00 X X 0 0 0 DEAN LEWALLEN TREASURER 1.00 X X 0 0 0 RICHARD BARRY SECRETARY 14.00 X X 0 0 0 TRACY BADGLEY TRUSTEE 1.00 X 0 0 0 STEVE BAUMAN TRUSTEE 1.00 X 0 0 0 SALLY CROSS TRUSTEE 1.00 X 0 0 0 MARC SCHAIN TRUSTEE 1.00 X 0 0 0 MICHAEL ZIERLER TRUSTEE 1.00 X 0 0 0 RAYMOND SMITH TRUSTEE 14.00 X 0 0 0 RANDALL LEVERETTE TRUSTEE UNTIL 5/24 1.00 X 0 0 0 MICHELLE GRAMOGLIA CEO & PRESIDENT 37.50 X 457537 0 147886 CHRISTI BATTISTONI DIRECTOR OF FINANCE 37.50 X 169240 0 60381 PHILIP MEHL HEALTH CENTER ADMINISTRATOR 37.50 X 172020 0 57190 SHANNON SCATURRO DIRECTOR OF MARKETING 37.50 X 151636 0 13874 BRIGITTE BLUM DIRECTOR OF HUMAN RESOURCES 37.50 X 137036 0 41055 TOM TANGO DIRECTOR OF FACILITIES 37.50 X 129919 0 18759 ROBERT DUNN DIRECTOR OF ENVIRONMENTAL SERVICES 37.50 X 119974 0 21986 1337362 0 361131 16 0 1 0 GREYSTONE DEVELOPMENT COMPANY 225 E JOHN CARPENTER FREEWAY IRVING TX 75062 CONTRACTOR 113850 1 64563 64563 NET RESIDENT SERVICES REVENUE 623000 27560835 27560835 27560835 405809 405809 27068 0 27068 27068 27068 2195555 19671 2203685 18237 -8130 1434 -6696 -6696 CABLE TV/PHONE 900099 215354 215354 CAFETERIA 624200 209901 209901 MAINTENANCE SERVICES 812900 6895 6895 74290 74290 506440 28558019 27986090 0 507366 695372 695372 12447011 9310753 3136258 331132 257948 73184 1356180 992609 363571 1412254 1005807 406447 698019 698019 30411 30411 245509 245509 251457 251457 284597 256787 27810 163790 149301 14489 314730 314730 3169248 3169248 23692 19753 3939 3875255 3875255 4527261 4527261 653846 653846 RESIDENT SERVICES 1658654 1658654 0 BAD DEBT 77847 77847 LETTER OF CREDIT/REMARK 12744 12744 211625 211625 32440634 26128679 6311955 0 9721389 7428814 1439765 4554904 375432 402371 117121 112898 416372 166435 112040053 56259173 55702467 55780880 9479320 8725557 95245 337469 77347111 77509328 3164830 3911210 86203514 90613683 70433425 69354772 676261 610658 71078 13332 160549108 164503655 X -83201997 -86994327 -83201997 -86994327 77347111 77509328 -3882615 90285 0 X 0 1 X 1 0 X 2216659 1924665 64563 4205887 20367244 21502845 23496910 24919904 27986090 118272993 22583903 23427510 23496910 24919904 28050653 122478880 130472 121752 124056 130260 139128 645668 0 130472 121752 124056 130260 139128 645668 121833212 124677 79733 103824 277178 432877 1018289 124677 79733 103824 277178 432877 1018289 183559 297963 588771 466984 81185 1618462 22892139 23805206 24189505 25664066 28564715 125115631 0.97380 0.97380 0.00810 0.00640 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CABLE TV/PHONE - 2020 AMOUNT: $ 113,277. 2021 AMOUNT: $ 198,604. 2022 AMOUNT: $ 187,189. 2023 AMOUNT: $ 211,813. CAFETERIA - 2020 AMOUNT: $ 37,878. 2021 AMOUNT: $ 77,732. 2022 AMOUNT: $ 139,083. 2023 AMOUNT: $ 184,511. MAINTENANCE SERVICES - 2020 AMOUNT: $ 5,283. 2021 AMOUNT: $ 6,113. 2022 AMOUNT: $ 6,354. 2023 AMOUNT: $ 11,896. 2024 AMOUNT: $ 6,895. OTHER INCOME - 2020 AMOUNT: $ 27,121. 2021 AMOUNT: $ 15,514. 2022 AMOUNT: $ 256,145. 2023 AMOUNT: $ 58,764. 2024 AMOUNT: $ 74,290. X X 1 56.00 1 1 1 0 1 X 5815904 5815904 101866525 55110688 46755837 4357624 1148485 3209139 55780880 LEASE LIABILITIES 13332 13332 X 28648304 90285 90285 28558019 0 28558019 32440634 0 32440634 0 32440634 PART II, LINE 5: AS PART OF THE DEEDING OF THE CONSERVATION EASEMENT FROM WOODLAND POND AT NEW PALTZ TO WALKILL VALLEY LAND TRUST, THE WALKILL VALLEY LAND TRUST MAY: (1) AT ALL REASONABLE TIMES ENTER THE PROPERTY TO ENSURE THAT WOODLAND POND IS COMPLIANT WITH ALL COVENANTS AND PURPOSES OF THE EASEMENT; (2) ENFORCE SUCH TERMS; (3) TAKE ANY AND ALL ACTIONS TO REMEDY OR ABATE VIOLATIONS OF THE EASEMENT; (4) MAKE SCIENTIFIC AND EDUCATIONAL OBSERVATIONS AND STUDIES; AND (5) MONITOR AND MANAGE THE PROPERTY. THERE ALSO EXISTS A RIGHT BY WALKILL VALLEY LAND TRUST TO MONITOR THE CONDITION OF ANY RARE PLANT AND ANIMAL POPULATIONS, AND TO MANAGE THOSE SPECIES TO ENSURE THEIR CONTINUED PRESENCE AND VIABILITY. PART II, LINE 9: WOODLAND POND AT NEW PALTZ MADE A ONE-TIME PAYMENT TO THE WALKILL VALLEY LAND TRUST, WHICH AGREED TO MONITOR AND HOLD THE LAND IN TRUST FOR PERPETUITY. THE ONE-TIME PAYMENT WAS ADDED TO THE COST OF CONSTRUCTION/DEVELOPMENT AND IS DEPRECIATED ACCORDINGLY. PART IV, LINE 2B: DEPOSITS ON UNOCCUPIED UNITS REPRESENT THE LIABILITY RELATED TO REFUNDABLE ENTRANCE FEES RECEIVED FROM PROSPECTIVE RESIDENTS. THESE AMOUNTS ARE FULLY REFUNDABLE, PLUS INTEREST EARNED ON THESE AMOUNTS, UNTIL SUCH TIME THAT THE RESIDENT OCCUPIES THE UNIT. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE IRC. THE ORGANIZATION IS ALSO EXEMPT FROM NEW YORK STATE INCOME TAXES. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR OTHER TAXES. X X X X 0 0 0 0 0 0 0 0 0 MICHELLE GRAMOGLIA CEO & PRESIDENT 457537 0 0 0 0 0 134443 0 13443 0 605423 0 0 0 CHRISTI BATTISTONI DIRECTOR OF FINANCE 169240 0 0 0 0 0 32666 0 27715 0 229621 0 0 0 PHILIP MEHL HEALTH CENTER ADMINISTRATOR 172020 0 0 0 0 0 28259 0 28931 0 229210 0 0 0 BRIGITTE BLUM DIRECTOR OF HUMAN RESOURCES 137036 0 0 0 0 0 8529 0 32526 0 178091 0 0 0 SHANNON SCATURRO DIRECTOR OF MARKETING 151636 0 0 0 0 0 9113 0 4761 0 165510 0 0 0 A ULSTER COUNTY CAPITAL RESOURCE CORP 273282033 903768AG4 2017-12-28 77800000 REFUNDING AND REFINANCING 0 0 0 A 6175000 77800000 1541860 1675188 74582952 2017 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 ULSTER COUNTY CAPITAL RESOURCE CORP. - 2017 THE 2017 BOND PROCEEDS WERE USED PRIMARILY TO (A) REFINANCE THE SERIES 2007 A BONDS; (B) REFINANCE THE SERIES 2014 A AND B BONDS; AND (C) PAY A PORTION OF THE COSTS INCIDENTAL TO THE ISSUANCE OF THE SERIES 2017 BONDS, INCLUDING ISSUANCE COSTS OF THE SERIES 2017 BONDS AND ANY RESERVE FUNDS AS MAY BE NECESSARY TO SECURE THE SERIES 2017 BONDS. THE BONDS ARE SECURED BY REAL PROPERTY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD SHALL APPOINT AN EXECUTIVE COMMITTEE WHICH SHALL CONSIST OF AT LEAST FIVE (5) MEMBERS, COMPRISED OF THE CHAIR, THE VICE CHAIR, THE SECRETARY (EACH EX OFFICIO) AND TWO OR MORE ADDITIONAL DIRECTORS, AS APPOINTED BY THE CHAIR AND APPROVED BY THE BOARD. RESIDENT DIRECTORS MAY SERVE ON THE EXECUTIVE COMMITTEE BUT SHALL NOT PARTICIPATE IN THE OVERSIGHT OVER THE JOB DESCRIPTION OR PERFORMANCE OF THE CEO. THE CEO SHALL PROVIDE SUPPORT AS REQUESTED AND PARTICIPATE IN COMMITTEE MEETINGS UPON INVITATION. WHEN ACTION IS REQUIRED TO BE TAKEN PRIOR TO THE NEXT SCHEDULED BOARD MEETING, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE AUTHORITY OF THE BOARD EXCEPT AS TO THE (1) FILLING OF VACANCIES ON THE BOARD OR ON ANY COMMITTEE; (2) AMENDMENT OR REPEAL OF THE BYLAWS OR THE ADOPTION OF NEW BYLAWS; (3) AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE; (4) ELECTION OR REMOVAL OF OFFICERS AND DIRECTORS; (5) APPROVAL OF A MERGER OR PLAN OR DISSOLUTION OR MAJOR CAPITAL EXPENDITURE; (6) ADOPTION OF A RESOLUTION RECOMMENDING TO THE MEMBERS ACTION ON THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL THE ASSETS OF A CORPORATION OR THE MAKING OF A MAJOR CAPITAL EXPENDITURE OR, IF THERE ARE NO MEMBERS ENTITLED TO VOTE, THE AUTHORIZATION OF SUCH TRANSACTION; OR (7) APPROVAL OF AMENDMENTS TO THE CERTIFICATE OF INCORPORATION. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR HUMAN RESOURCES OVERSIGHT OF THE CEO. IF THE EXECUTIVE COMMITTEE MAKES ANY DECISIONS THAT ARE BINDING ON THE CORPORATION, THE ACTION SHALL BE REPORTED TO THE BOARD AT ITS NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN THE DIRECTOR OF FINANCE AND CEO UNDERTAKE A DETAILED REVIEW OF THE FORM 990. IN ADDITION, SELECT BOARD MEMBERS UNDERTAKE A REVIEW OF THE ORGANIZATION'S FORM 990 AND THEN REVIEW WITH THE CEO ANY COMMENTARY, OBSERVATIONS, AND RECOMMENDATIONS, AS APPROPRIATE. THE FULL BOARD WILL RECEIVE A COPY OF THE FORM 990 BEFORE IT WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL COMPLIANCE QUESTIONNAIRES ARE REQUIRED TO BE SIGNED BY ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES. IT IS THE ROLE OF THE FINANCE/AUDIT COMMITTEE OF THE WOODLAND POND BOARD TO ADMINISTER THE WOODLAND POND CONFLICT OF INTEREST POLICY AND DETERMINE BASED ON THE CONFLICT OF INTEREST DISCLOSURES MADE BY EACH DIRECTOR IF THERE IS A CONFLICT OF INTEREST BASED ON THIS POLICY. ONCE REVIEWED AND ADDRESSED, ALL COMPLETED CONFLICT OF INTEREST DISCLOSURES ARE MAINTAINED BY THE WOODLAND POND CORPORATE COMPLIANCE OFFICER. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO WAS PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD. TO COMPLETE THIS PROCESS, THE COMPENSATION WAS COMPARED AGAINST INDUSTRY BENCHMARK INFORMATION, INCLUDING THE FORM 990 OF OTHER SIMILAR ORGANIZATIONS IN THE STATE OF NEW YORK. THE DELIBERATION AND FINAL DECISION WERE TIMELY DOCUMENTED. THIS PROCESS WAS LAST COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS.