2025-03-26T10:26:10-05:00 2024-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-07-01 050429500 CORNERSTONE ADULT SERVICES INC CORN 4017392844 140 WARWICK NECK AVENUE WARWICK RI 02889 MATTHEW R TRIMBLE PRESIDENT & CEO 4017392844 2025-03-24 1 1 MICHAEL CRISCIONE P01456801 4014214800 2025-03-24 2023 2025-03-06 01:10:19Z SAINT ELIZABETH ADULT DAY CENTERS MATTHEW R TRIMBLE 140 WARWICK NECK AVENUE WARWICK RI 02889 2471814 0 X WWW.STELIZABETHCOMMUNITY.ORG X 1974 RI TO PROVIDE LOW-COST ADULT DAYCARE SERVICES TO THE COMMUNITIES' ELDERLY POPULATION AND THOSE AFFLICTED WITH ALZHEIMERS. 16 16 40 0 0 0 432134 520213 1851573 1916356 11773 920 31445 34325 2326925 2471814 0 0 0 0 1421877 1434225 0 0 0 1217092 1260664 2638969 2694889 -312044 -223075 1530883 847889 850328 390409 680555 457480 TO PROVIDE LOW-COST ADULT DAY CARE SERVICES TO THE COMMUNITIES' ELDERLY POPULATION AND THOSE AFFLICTED WITH ALZHEIMERS. 0 0 2538360 1950681 ADULT DAY CENTERS - THE ORGANIZATION'S FOUR ADULT DAY CENTERS LOCATED IN WARWICK, BRISTOL AND APPONAUG, AND SOUTH KINGSTOWN, RHODE ISLAND PROVIDE SERVICES TO INDIVIDUALS WITH A VARIETY OF CONDITIONS INCLUDING CARDIAC, STROKE, DIABETES, PARKINSON'S DISEASE, MULTIPLE SCLEROSIS, DEVELOPMENTAL DISABILITIES, ALZHEIMER'S DISEASE, AND OTHER FORMS OF DEMENTIA, AS WELL AS OTHER PHYSICAL AND BEHAVIORAL HEALTH DIAGNOSES. A TOTAL OF 22,255 CLIENT DAYS OF SERVICES WERE PROVIDED TO INDIVIDUALS AT THESE CENTERS DURING THE YEAR ENDED JUNE 30, 2024. 2538360 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MARK LOISELLE CO SAINT ELIZABETH COMMUNITY 4017737417 2364 POST ROAD WARWICK RI 02886 STEVEN W TILLEY CHAIR 2.00 13.00 X X 0 0 0 CLAIRE C FLAHERTY VICE CHAIR 2.00 13.00 X X 0 0 0 STEVEN H KITCHIN TREASURER 2.00 13.00 X X 0 0 0 JUDY W VIGAR SECRETARY 2.00 13.00 X X 0 0 0 CRAIG W CARPENTER IMMEDIATE PAST CHAIR 2.00 13.00 X X 0 0 0 KRISTEN L DISANTO TRUSTEE 2.00 13.00 X 0 0 0 ROBIN DZIUBA TRUSTEE 2.00 13.00 X 0 0 0 FREDERICK G HARRISON TRUSTEE 2.00 13.00 X 0 0 0 PETER HOLLMANN MD TRUSTEE 2.00 13.00 X 0 0 0 E PAUL LARRAT PH D RPH TRUSTEE 2.00 13.00 X 0 0 0 TIMOTHY MURRAY TRUSTEE 2.00 13.00 X 0 0 0 ROBERT H PEASE JR TRUSTEE 2.00 13.00 X 0 0 0 MARK J PROVOST TRUSTEE 2.00 13.00 X 0 0 0 KIMBERLEY RANALLI TRUSTEE 2.00 13.00 X 0 0 0 SCOTT SEABACK TRUSTEE 2.00 13.00 X 0 0 0 PHILIP C SLOCUM TRUSTEE 2.00 13.00 X 0 0 0 MATTHEW TRIMBLE PRESIDENT & CEO 1.50 38.50 X 0 294022 27641 MARK LOISELLE CHIEF FINANCIAL OFFICER 2.00 38.00 X 0 215960 16189 ROBERTA MERKLE VP-STRATEGIC INITIATIVES 1.00 39.00 X 0 171903 14467 ERICA BRYSON CHIEF PHILANTHROPY OFFICER 2.75 37.25 X 0 118030 11951 0 799915 70248 0 0 1 0 0 257400 204050 58763 30000 520213 ADULT DAY SERVICES 621400 1916356 1916356 1916356 920 920 34325 0 34325 34325 34325 2471814 1950681 0 920 1218312 1132286 86026 30540 28836 1704 90982 83262 7720 94391 86512 7879 22 22 16896 16896 118563 113288 5275 108460 108460 39831 37017 2814 CONTRACTED SERVICES 493780 493780 SUPPLIES & OTHER EXPS 320422 292207 28215 FOOD 140283 140283 BAD DEBT EXPENSES 22407 22407 2694889 2538360 156529 0 300 300 116729 83570 50001 7376 238794 155298 35806 26253 2982768 2407676 657065 575092 432188 0 1530883 847889 157061 175731 202639 114418 15648 15648 474980 84612 850328 390409 X 680555 453980 3500 680555 457480 1530883 847889 -223075 0 X X 0 1 X 1 0 X 232552 530189 795557 432134 520213 2510645 232552 530189 795557 432134 520213 2510645 528765 1981880 28676 33428 29826 41649 35245 168824 12143 1569 13712 2693181 6196867 0.73590 0.78270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 12,143. 2022 AMOUNT: $ 1,569. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174105 174105 1928194 1583465 344729 250000 249999 1 630469 574212 56257 575092 DUE TO THE SAINT ELIZABETH COMMUNITY 57527 DUE TO SAINT ELIZABETH HOME, EAST GREENWICH 27085 84612 X 2471814 0 2471814 0 2471814 2694889 0 2694889 0 2694889 PART X, LINE 2: CORNERSTONE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, CORNERSTONE IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, CORNERSTONE APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED CORNERSTONE'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THESE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 MATTHEW TRIMBLE PRESIDENT & CEO 0 294022 0 0 0 0 0 8821 0 18820 0 321663 0 0 MARK LOISELLE CHIEF FINANCIAL OFFICER 0 215960 0 0 0 0 0 6479 0 9710 0 232149 0 0 ROBERTA MERKLE VP-STRATEGIC INITIATIVES 0 171903 0 0 0 0 0 5157 0 9310 0 186370 0 0 PART I, LINE 3 A SALARY SURVEY WAS COMPLETED FOR THE LEADERSHIP STAFF OF THE SAINT ELIZABETH COMMUNITY (RELATED ORGANIZATION). RESULTS OF THE SURVEY ARE USED BY THE ORGANIZATION AND COMPARED AGAINST INDUSTRY STATISTICS AND INFLATION RATES IN DETERMINING APPROPRIATE COMPENSATION. X 1 30000 FMV OF SIMILAR LOCATIONS 0 0 0 PART I, COLUMN (B): CORNERSTONE'S SOUTH KINGSTOWN LOCATION OCCUPIES CERTAIN SPACE WHICH IS PROVIDED RENT FREE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED AS A NON-STOCK NOT-FOR-PROFIT CORPORATION WITH MEMBERS WHO HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A THE RELATED ORGANIZATION, THE SAINT ELIZABETH COMMUNITY, ESTABLISHES THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWED THE FORM 990 PRIOR TO FILING AND RECOMMENDED TO THE ORGANIZATION'S BOARD TO ACCEPT THE FILING. ALL BOARD MEMBERS WERE PROVIDED WITH ACCESS TO A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. SIGNED STATEMENTS ARE RETAINED BY THE ORGANIZATION'S PRESIDENT/CEO AND ARE REVIEWED ANNUALLY BY BOTH THE BOARD OF TRUSTEES AND PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 15A A SALARY SURVEY WAS COMPLETED FOR THE LEADERSHIP STAFF OF THE SAINT ELIZABETH COMMUNITY (RELATED ORGANIZATION). RESULTS OF THE SURVEY ARE USED BY THE ORGANIZATION AND COMPARED AGAINST INDUSTRY STATISTICS AND INFLATION RATES IN DETERMINING APPROPRIATE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT: 2364 POST ROAD, SUITE 100, WARWICK, RI 02886. FORM 990, PART XII, LINE 2C: THE AUDIT REVIEW PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SAINT ELIZABETH HOME EAST GREENWICH ONE SAINT ELIZABETH WAY EAST GREENWICH RI 02818 050258998 OPERATES NURSING HOME RI 501(C)(3) LINE 10 N/A 0 SAINT ELIZABETH APARTMENTS FOR SENIORS AND MOBILITY-IMPAIRED 700 WESTMINSTER STREET PROVIDENCE RI 02903 050392246 OPERATES APARTMENT COMPLEX FOR ELDERLY RI 501(C)(3) LINE 10 N/A 0 THE SAINT ELIZABETH COMMUNITY 2364 POST ROAD SUITE 100 WARWICK RI 02886 050457342 SUPPORTS AND MAKES COTRIBUTIONS TO RELATED ORGANIZATIONS RI 501(C)(3) LINE 12B, II N/A 0 SAINT ELIZABETH DEVELOPMENT CORPORATION ONE SAINT ELIZABETH WAY EAST GREENWICH RI 02818 050506057 RENTS LAND RI 501(C)(2) LINE 12A, I N/A 0 SAINT ELIZABETH APARTMENTS FOR SENIORS 150 WARWICK NECK AVENUE WARWICK RI 02889 264338544 ELDERLY HOUSING FACILITIES AND SERVICES RI 501(C)(3) LINE 10 N/A 0 SAINT ELIZABETH WORKER'S COMPENSATION TRUST 2364 POST ROAD SUITE 100 WARWICK RI 02886 050462175 SELF INSURED WORKERS' COMPENSATION TRUST RI 501(C)(3) LINE 12A, I N/A 0 SAINT ELIZABETH HOME CARE 2364 POST ROAD WARWICK RI 02886 474523236 HOME CARE RI 501(C)(3) LINE 10 N/A 0 ST ELIZABETH ASSISTED LIVING LP 109 MELROSE STREET PROVIDENCE RI 02907 050518113 OPERATES ASSISTED LIVING FACILITY RI N/A N/A 0 0 SEAL MELROSE INC 2364 POST ROAD WARWICK RI 02886 050518115 REAL ESTATE DEVELOPER RI N/A C 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1