2025-03-27T10:18:03-05:00 2024-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-07-01 042743314 LIFESTREAM INC LIFE 5089931991 13 WELBY ROAD NEW BEDFORD MA 02745 BONNIE MELLO PRESIDENT & CEO 5089931991 2025-03-24 1 0 PETER BROWN P00582425 4014214800 2025-03-24 2023 2025-03-06 01:10:19Z BONNIE MELLO 13 WELBY ROAD NEW BEDFORD MA 02745 37817592 0 X LIFESTREAMINC.COM X 1976 MA LIFESTREAM, INC. (THE ORGANIZATION) IS A NOT-FOR-PROFIT WHOSE MISSION IS TO PROVIDE COMMUNITY-BASED SERVICES THAT SUPPORT INDIVIDUALS IN ATTAINING GREATER INDEPENDENCE, PROMISING OPPORTUNITIES, AND LIVES THAT ARE MEANINGFUL AND FULFILLING ON THEIR OWN TERMS. 11 11 826 0 0 0 33671058 36430314 1145378 1199109 106106 151027 0 0 34922542 37780450 0 0 0 0 28935473 31472400 0 0 0 5440145 5509886 34375618 36982286 546924 798164 23925148 23202083 9370064 7848835 14555084 15353248 X LIFESTREAM, INC. (THE ORGANIZATION") IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO PROVIDE COMMUNITY-BASED SERVICES THAT SUPPORT INDIVIDUALS IN ATTAINING GREATER INDEPENDENCE, PROMISING OPPORTUNITIES, AND LIVES THAT ARE MEANINGFUL AND FULFILLING ON THEIR OWN TERMS. 0 0 23779044 1199109 RESIDENTIAL - THE ORGANIZATION'S RESIDENTIAL SERVICES OPERATE OVER 30 GROUP RESIDENCES THROUGHOUT SOUTHEASTERN MASSACHUSETTS. PEOPLE RECEIVE THE SUPPORT AND ATTENTION REQUIRED TO LEAD AN INDEPENDENT, WELL ADJUSTED, AND FULL LIFE, AND THEY ACTIVELY PARTICIPATE IN ALL AREAS OF THEIR DAILY LIVES. 4326347 INDIVIDUAL AND FAMILY SUPPORTS - THE ORGANIZATION'S INDIVIDUAL AND FAMILY SUPPORTS SERVICES OFFER PERSONALIZED, COMPREHENSIVE CARE TO ADULTS WITH DISABILITIES AND STRIVES TO IMPROVE THEIR QUALITY OF LIFE AT HOME (EITHER LIVING ON THEIR OWN OR WITH FAMILY MEMBERS), AND IN THE COMMUNITY. 3573293 DAY SERVICES - THE ORGANIZATION'S DAY SERVICES OFFER INDIVIDUALIZED MEDICAL, THERAPEUTIC, AND DEVELOPMENTAL SERVICES TO MEET THE NEEDS OF THOSE REQUIRING ENHANCED ASSISTANCE AND SUPPORT WHILE ALSO FOSTERING PERSONAL INDEPENDENCE.SUPPORTED EMPLOYMENT - PROVIDES JOB TRAINING AND PLACEMENT SERVICES FOR INDIVIDUALS WITH DISABILITIES. 1098421 OCCUPATIONAL EDUCATION - THE ORGANIZATION'S OCCUPATIONAL EDUCATION SERVICES HAS A 25-YEAR TRADITION OF SUCCESSFULLY ASSISTING ECONOMICALLY DISADVANTAGED PEOPLE TO FIND AND MAINTAIN CAREER EMPLOYMENT. THE ORGANIZATION'S PHILOSOPHY IS GROUNDED IN BUILDING STRONG EMPLOYER AND EMPLOYEE RELATIONSHIPS THROUGH CONTINUOUS COMMUNICATIONS, TRAINING, AND COMMUNITY INVOLVEMENT. EDUCATION OPPORTUNITIES SUCH AS NURSING AIDE/HOME HEALTH AIDE, MEDICATION ADMINISTRATION, CPR/FIRST AID ARE AVAILABLE FOR DTA (DEPARTMENT OF TRANSITIONAL ASSISTANCE) PARTICIPANTS AND AVAILABLE TO THE GENERAL PUBLIC.AUTISM SERVICES - AUTISM SERVICES OFFERS SEVERAL SUPPORT SERVICES FOR CHILDREN AND ADULTS WITH AUTISM. THE DESE (DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION) PROGRAM IS AVAILABLE FOR CHILDREN 9 TO 22 YEARS OLD. THE PRIMARY GOAL IS TO ASSIST THE CHILD TO BE SUCCESSFUL AT HOME, SCHOOL AND IN THE COMMUNITY.ASSISTIVE TECHNOLOGY SERVICES - ASSISTIVE TECHNOLOGY SERVICES WILL ADDRESS FIVE MAIN OBJECTIVES INCLUDING AWARENESS, ACCESSIBILITY, ASSESSMENT, TRAINING AND TARGETED IMPLEMENTATION OF TECHNOLOGY SOLUTIONS. ITS PRIMARY GOAL IS TO INCREASE SELF-SUFFICIENCY, TECHNOLOGICAL EQUITY AND ENHANCED ABILITY FOR PEOPLE WITH DISABILITIES TO PARTICIPATE IN ALL ASPECTS OF LIFE. 1098421 32777105 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 51 0 1 826 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 MA X X BONNIE MELLO PRESIDENT & CEO 5089931991 13 WELBY ROAD NEW BEDFORD MA 02745 TIM WARREN CHAIR 5.00 X X 0 0 0 MICHELLE HANTMAN NEVES VICE CHAIR 5.00 X X 0 0 0 MICHAEL FITZPATRICK TREASURER 5.00 X X 0 0 0 BARBARA WEATHERFORD DIRECTOR 5.00 X 0 0 0 MELISSA DESROCHES SECRETARY 5.00 X X 0 0 0 MICHAEL KEHOE DIRECTOR 5.00 X 0 0 0 SUZANNE KOKKINS DIRECTOR 5.00 X 0 0 0 DEBRA LEE DIRECTOR 5.00 X 0 0 0 ROD CAMPOPIANO DIRECTOR 5.00 X 0 0 0 MELISSA BESSEY DIRECTOR 5.00 X 0 0 0 JAN BAPTIST DIRECTOR 5.00 X 0 0 0 ROBERT TRAHAN DIRECTOR (THROUGH SEPTEMBER 2023) 5.00 X 0 0 0 RICHARD GAMACHE DIRECTOR (THROUGH SEPTEMBER 2023) 5.00 X 0 0 0 BONNIE MELLO PRESIDENT & CEO 40.00 X 200825 0 15334 LORI KYDD VP OPERATIONS 40.00 X 136476 0 34664 DOUGLAS HUGHES VP CLINICAL 40.00 X 131067 0 28240 STEVEN COUTO DIRECTOR OF RESIDENTIAL 40.00 X 110333 0 14461 HELEN TUTTLE VP ADMINISTRATION AND FINANCE 40.00 X 133338 0 18410 712039 0 111109 5 0 1 0 MARE LANDSCAPING & SNOWPLOWING 79 SLOCUM RD NORTH DARTMOUTH MA 02747 LANDSCAPING/SNOW REMOVAL 124712 1 36423302 7012 36430314 SERVICE FEES 900099 1199109 1199109 1199109 118401 118401 69768 37142 32626 32626 32626 37780450 1199109 0 151027 224733 224733 24921266 23280779 1640487 4148409 3419220 729189 2177992 1970429 207563 10122 10122 128106 128106 611181 313634 297547 1000 271 729 277337 75066 202271 477389 129214 348175 1365389 1302431 62958 527965 448008 79957 210415 192408 18007 690964 605838 85126 147917 40036 107881 SUPPLIES EXPENSE 753229 743947 9282 MINOR EQUIPMENT, FURNIS 303426 254350 49076 DONATE,GIFTS, FLOWER 5446 1474 3972 36982286 32777105 4205181 0 695223 155252 8132391 7622311 4113797 4218136 398559 459501 18289930 8906462 8962428 9383468 1622750 1363415 23925148 23202083 3110255 2880585 808837 0 3826111 3586926 1624861 1381324 9370064 7848835 X 14555084 15353248 14555084 15353248 23925148 23202083 798164 0 X 0 1 X 1 0 X 5150 649460 31691522 33671058 36430314 102447504 5150 649460 31691522 33671058 36430314 102447504 102447504 1570 41 13 105106 118401 225131 102672635 62747018 0.99780 0.99930 X 0.99930 0.00070 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3352664 3352664 10208996 4946082 5262914 371612 353536 18076 4356658 3606844 749814 9383468 SECURITY DEPOSITS 18384 OPERATING LEASE RIGHT OF USE ASSET 186620 FINANCE LEASE RIGHT OF USE ASSET 1158411 1363415 CURRENT PORTION OF OPERATING LEASE LIABILITY 101593 CURRENT PORTION OF FINANCE LEASE LIABILITY 186466 OPERATING LEASE LIABILITY 58164 FINANCE LEASE LIABILITY 1035101 1381324 X 37780450 0 37780450 0 37780450 36982286 0 36982286 0 36982286 PART X, LINE 2: IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, THE ORGANIZATION APPLIES THE MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN THE COMMONWEALTH OF MASSACHUSETTS. X X X X X 0 0 0 0 0 0 0 0 0 BONNIE MELLO PRESIDENT & CEO 188538 0 12287 0 0 0 3640 0 11694 0 216159 0 0 0 LORI KYDD VP OPERATIONS 129828 0 6648 0 0 0 3900 0 30764 0 171140 0 0 0 DOUGLAS HUGHES VP CLINICAL 124651 0 6416 0 0 0 5200 0 23040 0 159307 0 0 0 HELEN TUTTLE VP ADMINISTRATION AND FINANCE 127691 0 5647 0 0 0 2300 0 16110 0 151748 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2013-06-27 3500000 SEE PART VI 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2016-06-09 1800000 SEE PART VI 0 0 0 A 1911945 3500000 63040 3436960 2013 0 0 1 1 B 477386 1640233 52450 1587783 2016 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 A 1 B 1 PART I, LINE A, COLUMN F: THE PURPOSE OF THE BOND PROCEEDS - REFINANCE THE ACQUISITION, RENOVATION, IMPROVEMENT AND EQUIPPING OF VARIOUS RESIDENTIAL GROUP HOMES AND A BUILDING HOUSING THE ADMINISTRATIVE AND CLINICAL SERVICES OFFICES - FINANCE AND REFINANCE THE AQUISITION AND RENOVATION OF A RESIDENTIAL FACILITY TO BE USED AS A GROUP HOME - FINANCE AND REFINANCE OF THE RENOVATION, IMPROVEMENT AND EQUIPPING OF THE ADMINISTRATIVE OFFICES AND THE DAY HABILITATION FACILITY - FINANCE THE COSTS OF THE ISSUANCE. PART I, LINE B, COLUMN F: THE PURPOSE OF THE BOND PROCEEDS - THE FINANCING AND REFINANCING OF THE ACQUISITION, RENOVATION, IMPROVEMENT, FURNISHING AND EQUPPING OF A DAY HABILITATION FACILITY FOR INDIVIDUALS WITH PHYSICAL AND MENTAL DISABILITIES LOCATED AT 70 MILL ROAD, ASCUSHNET, MASSACHUSETTS (THE "MILL ROAD PROJECT"), THE REFINANCING OF A TAXABLE LOAN THAT WAS USED TO FINANCE THE ACQUISITION, RENOVATION AND IMPROVEMENT OF A RESIDENTIAL GROUP HOME FOR INDIVIDUALS WITH PHYSICAL AND MENTAL DISABILITIES LOCATED AT 156 MARION ROAD, ROCHESTER, MASSACHUSETTS (THE "MARION ROAD PROJECT"), THE REFINANCING OF AND FINANCING VARIOUS OTHER CAPITAL RENOVATIONS AND IMPROVEMENTS, OTHER DEFERRED MAINTENANCE ITEMS, AND THE ACQUISITION AND INSTALLATION OF FURNISHINGS AND EQUIPMENT AT THE EXISTING GROUP HOMES, ADMINISTRATIVE OFFICES AND CLINICAL SERVICES FACILITIES LOCATED IN NEW BEDFORD, ACUSHNET, DARTMOUTH, SWANSEA, SOMERSET, FAIRHAVEN AND WESTPORT, MASSACHUSETTS, EACH OF WHICH IS USED TO PROVIDE SERVICES TO PERSONS LIVING WITH DEVELOPMENTAL DISABILITIES AND OTHER AT-RISK LIFE SITUATIONS (COLLECTIVELY, THE "ADDITIONAL PROJECTS"), AND THE FINANCING OF THE COSTS OF ISSUANCE OF THE BONDS, OR ANY COMBINATION OF THE FOREGOING. PART I, LINE B, COLUMN E: ISSUE PRICE - THE ISSUE PRICE OF THE BOND OF $1,800,000 DIFFERS FROM THE PROCEEDS OF THE ISSUANCE BY $680,000 AS THE BONDS WERE ISSUED ON A DRAWN-DOWN BASIS, AND THE $680,000 REPRESENTS THE AMOUNT THAT HAS YET TO BE DRAWN DOWN BY THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE PRESIDENT AND CEO AND THE VP OF ADMINISTRATION AND FINANCE. THEN REVIEWED BY THE AUDIT/FINANCE COMMITTEE. THE BOARD OF DIRECTORS WILL THEN REVIEW BEFORE THE PRESIDENT & CEO SIGNS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, EMPLOYEES, SUPPLIERS AND CONSULTANTS MUST ACKNOWLEDGE AND DOCUMENT THEIR UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY ON A FORM PROVIDED FOR THAT PURPOSE EACH INDIVIDUAL IS REQUIRED TO ACKNOWLEDGE THEIR CONFLICTS EVERY 2 YEARS, THROUGHOUT THE YEAR, THE BOARD AND STAFF REVIEW TRANSACTIONS TO ENSURE COMPLIANCE WITH THE POLICY. FORM PROVIDED FOR THAT PURPOSE EACH INDIVIDUAL IS REQUIRED TO ACKNOWLEDGE THEIR CONFLICTS EVERY YEAR, THROUGHOUT THE YEAR, THE BOARD AND STAFF REVIEW TRANSACTIONS TO ENSURE COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A SALARY SCALES ARE ESTABLISHED THROUGH A COMPREHENSIVE COMPENSATION ANALYSIS TO ESTABLISH SCALES THAT ALIGN WITH RESPONSIBILITIES. SALARIED POSITIONS ARE PLACED ON A SALARY SCALE BASED ON THE RESPONSIBILITIES OF THE POSITION. THE SALARY RANGE FOR EACH POSITION IS SET ON THE LEVEL OF THE SCALE IN WHICH THE POSITION IS PLACED ON. SALARIED EMPLOYEES' RAISES ARE BASED UPON AN ANNUAL REVIEW. COMPENSATION FOR THE PRESIDENT AND CEO IS ESTABLISHED BY THE BOARD OF DIRECTORS. THE ORGANIZATION HAS ESTABLISHED A SEPARATE COMMITTEE TO REVIEW THE PRESIDENT AND CEO'S COMPENSATION ON AN ANNUAL BASIS. THE REVIEW INCLUDES AN EVALUATION OF PERFORMANCE AS WELL AS BENCHMARKING COMPENSATION TO OTHER LIKE ORGANIZATIONS. THE COMMITTEE MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS ANNUALLY TO ACCEPT AND APPROVE THE COMPENSATION OF THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS CAN ALSO BE ACCESSED VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. GOVERNING DOCUMENTS ARE ALSO AVAILABLE ONLINE VIA THE SECRETARY FOR THE COMMONWEALTH OF MASSACHUSETTS CORPORATE DATABASE.