2026-09-01T15:50:15-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2025-01-01 222535376 WAKE ROBIN CORPORATION WAKE 8022645100 200 WAKE ROBIN DRIVE SHELBURNE VT 05482 MARYSUE KELSEN CHIEF FINANCIAL OFFICER 8022645109 2026-08-30 1 DANIELLE NIHILL P01350943 7819821001 2026-08-30 2025 MARYSUE KELSEN 200 WAKE ROBIN DRIVE SHELBURNE VT 05482 65442858 0 X WWW.WAKEROBIN.COM X 1984 VT TO ESTABLISH, OWN, AND MAINTAIN CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES FOR THE ELDERLY 15 15 471 18 0 0 209374 2449962 36614846 38581879 1471834 3653107 0 46295 38296054 44731243 0 27148 0 0 15694447 17700941 0 0 0 19538083 19997396 35232530 37725485 3063524 7005758 140546068 151700597 153188103 154364819 -12642035 -2664222 X ESTABLISH A SUSTAINABLE DYNAMIC COMMUNITY OF SENIORS THAT HONORS BOTH MUTUAL SUPPORT AND INDEPENDENCE AND ADDRESSES THE HEALTH AND WELLNESS OF EACH RESIDENT. 0 0 33972190 27148 38581879 WAKE ROBIN HAS ONE PRIMARY PROGRAM SERVICE, TO ESTABLISH AND OWN A SUSTAINABLE AND DYNAMIC LIFE PLAN COMMUNITY (ALSO KNOWN AS A CONTINUING CARE RETIREMENT COMMUNITY) FOR OLDER ADULTS THAT HONORS BOTH MUTUAL SUPPORT AND INDEPENDENCE AND ADDRESSES THE HEALTH AND WELLNESS OF EACH RESIDENT. WAKE ROBIN EMBODIES A "RESIDENT DRIVEN" COMMUNITY LIFE, IN WHICH RESIDENTS CAN BE AS ENGAGED AS THEY WANT TO BE BOTH WITHIN AND OUTSIDE OF WAKE ROBIN. WAKE ROBIN PROVIDES RESIDENTS WITH HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY AND OTHER ANCILLARY SERVICES. WAKE ROBIN IS COMMITTED TO LIVING OUR CORE VALUES OF COMMUNITY, BALANCE, DIFFERENCE, ENVIRONMENTAL STEWARDSHIP, AND HUMOR. CONTINUED ON SCHEDULE O.THE SINGLE SITE COMMUNITY OFFERS 250 INDEPENDENT LIVING HOMES AND 98 HOMES IN THE LINDEN HEALTH CENTER (41 RESIDENTIAL CARE HOMES, 57 SKILLED NURSING HOMES INCLUDING 18 MEMORY CARE). AT DECEMBER 31, 2025, THE COMMUNITY HOUSED APPROXIMATELY 339 RESIDENTS IN INDEPENDENT HOMES AND 75 RESIDENTS IN THE HEALTH CENTER. WAKE ROBIN ALSO PROVIDES BENEVOLENCE ASSISTANCE FOR ITS RESIDENTS WHO, THROUGH NO FAULT OF THEIR OWN, HAVE EXHAUSTED THEIR FINANCIAL RESOURCES. 33972190 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 52 0 471 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 VT X X MARYSUE KELSEN 8022645109 200 WAKE ROBIN DIVE SHELBURNE VT 05482 JOHN MAITLAND CHAIR 1.00 1.00 X X 0 0 0 JOHN DAVIS VICE-CHAIR - AS OF JUNE 2025 1.00 1.00 X X 0 0 0 BRIGETTE WHITE BOARD MEMBER 1.00 1.00 X 0 0 0 CHRIS CHASE BOARD MEMBER 1.00 1.00 X 0 0 0 JOAN LENES BOARD MEMBER 1.00 1.00 X 0 0 0 JIM MADISON BOARD MEMBER 1.00 1.00 X 0 0 0 MEREDITH JONES BOARD MEMBER 1.00 1.00 X 0 0 0 MICHAEL MONTE BOARD MEMBER 2.00 1.00 X 0 0 0 ROGER CROUSE BOARD MEMBER 1.00 1.00 X 0 0 0 SARAH TISCHLER BOARD MEMBER 1.00 1.00 X 0 0 0 SASHA CONROY BOARD MEMBER 1.00 1.00 X 0 0 0 STEVE SCHONBERG BOARD MEMBER 1.00 1.00 X 0 0 0 BARB AREL BOARD MEMBER - AS OF JUNE 2025 1.00 1.00 X 0 0 0 SARAH COCINA BOARD MEMBER - AS OF JUNE 2025 1.00 1.00 X 0 0 0 SARAH MERRITT BOARD MEMBER - AS OF JUNE 2025 1.00 1.00 X 0 0 0 ARTHUR WRIGHT VICE-CHAIR - LEFT JUNE 2025 1.00 1.00 X X 0 0 0 ROSALYN GRAHAM BOARD MEMBER - LEFT JUNE 2025 1.00 1.00 X 0 0 0 TANIA BERTSCH BOARD MEMBER - LEFT JUNE 2025 1.00 1.00 X 0 0 0 MEAGAN BUCKLEY PRESIDENT, CEO 40.00 X 319122 0 7858 MARYSUE KELSEN CFO, SECRETARY & TREASURER 40.00 X 194611 0 40715 LESLIE PARKER DIRECTOR OF EVNVIRONMENTAL SERVICES 40.00 X 157486 0 23714 HEATHER FILONOW DIRECTOR OF HEALTHSERVICES 40.00 X 159501 0 23714 MARYBETH DUDLEY DIRECTOR OF MARKETING 40.00 X 136761 0 24250 KATE HAYS DIRECTOR OF DINING 40.00 X 143132 0 23714 TENZIN TSEPHAL STAFF NURSE-RN 40.00 X 143066 0 15749 1253679 0 159714 16 0 1 0 REARCH CONSTRUCTION 88 TECHNOLOGY PK WY SUITE 2 SOUTH BURLINGTON VT 05403 CONSTRUCTION SERVICES 2316489 PERFORMANCE FOODS 1 PERFORMANCE BLVD SPRINGFIELD MA 01104 CATERING/FOOD 1032669 NETWORK PERFORMANCE INC 85 GREEN MOUNTAIN DR SOUTH BURLINGTON VT 05403 IT CONSULTING & INSTALLATION 774564 MOUNTAIN AIR SYSTEMS 430 COMMERCE ST SUITE 220 WILLISTON VT 05495 HVAC SYSTETM SERVICES 651142 MAS MEDICAL STAFFING 175 CANAL ST SUITE 200 MANCHESTER NH 03101 TRAVEL NURSES 607617 37 2449962 5247 2449962 RESIDENT SERVICE FEES 623000 21483967 21483967 AMORTIZATION OF ENTRANCE FEE 623000 8295630 8295630 HEALTH CARE REVENUE 623000 6622807 6622807 TERMINATION FEES 623000 1125369 1125369 ANCILLARY REVENUE 623000 1054106 1054106 38581879 1664983 1664983 22699739 20711615 1988124 1988124 1988124 MANAGEMENT FEE 900099 46295 46295 46295 44731243 38581879 0 3699402 27148 27148 562306 562306 8130073 7766745 363328 301893 282043 19850 7637576 6895476 742100 1069093 960622 108471 81181 81181 84890 84890 232752 232752 915806 915806 16000 16000 1216244 1015292 200952 110122 110122 4457646 4214235 243411 2850224 2837061 13163 6795532 6764148 31384 563207 560606 2601 DINING 2367741 2326763 40978 NURSE/THERAPY/ANCILLARY 306051 306051 37725485 33972190 3753295 0 500 800 10134613 11285690 710957 645211 718021 818986 166621743 82186676 85432126 84435067 43549851 54514843 140546068 151700597 2715379 3165675 69874361 73113639 75930357 73348264 4668006 4737241 153188103 154364819 X -18883143 -10032207 6241108 7367985 -12642035 -2664222 140546068 151700597 X 7005758 2980211 -8156 X 0 1 X 1 0 X 263947 812768 70865 209374 2449962 3806916 29423968 33028894 34083884 36614846 38581879 171733471 29687915 33841662 34154749 36824220 41031841 175540387 87296 136804 154782 204744 2227494 2811120 0 87296 136804 154782 204744 2227494 2811120 172729267 580650 644505 1088897 1262082 1664983 5241117 580650 644505 1088897 1262082 1664983 5241117 46295 46295 30268565 34486167 35243646 38086302 42743119 180827799 0.95520 0.97260 0.02900 0.02380 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MANAGEMENT FEE - 2025 AMOUNT: $ 46,295. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1247201 16655 193638 1457494 1053498 41000 152703 1247201 933995 10000 109503 1053498 1029920 10000 -105925 933995 891579 30000 108341 1029920 1.00000 0.00000 0.00000 0 0 2133946 2133946 147641503 73017711 74623792 8834708 5594531 3240177 8011586 3574434 4437152 84435067 ANNUITY OBLIGATIONS 68720 RESIDENT DEPOSITS 2224349 REFUNDABLE ENTRANCE FEES 2444172 4737241 X PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED BY THE BOARD TO SUPPORT WAKE ROBIN'S EFFORT TO PROVIDE QUALITY RESIDENTAL SERVICES WITH THE LOWEST MONTHLY FEE AND TO OFFER PROTECTION TO WAKE ROBIN AGAINST UNEXPECTED EXPENSES IN THE FUTURE. PART X, LINE 2: THE CORPORATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NONPROFIT CORPORATION AS DESCRIBED IN 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 CORPORATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. THE CORPORATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. 0 SCHOLARSHIP 14 27148 FMV HIGHER EDUCATION SCHOLARSHIP GRANT PART I, LINE 2: SCHOLARSHIP CANDIDATES MUST SUBMIT A WRITTEN APPLICATION. HR WILL VERIFY EMPLOYEE ELIGIBILITY AND APPROVE STANDARD REQUESTS. FOR NON-STANDARD REQUESTS, THE HR DIRECTOR WILL CONSULT THE WAKE ROBIN RESIDENT ASSOCIATION'S SCHOLARSHIP AND SKILLS COMMITTEE. IF THE REQUEST IS APPROVED, HR WILL DISBURSE FUNDS DIRECTLY TO THE PROVIDER OF THE APPROVED SERVICES. IN INSTANCES WHERE THAT IS NOT POSSIBLE, EMPLOYEES WILL BE REIMBURSED DIRECTLY AFTER PROVIDING PROOF OF PAYMENT. X X X X X 0 0 0 0 0 0 0 1 0 MEAGAN BUCKLEY PRESIDENT, CEO 261715 0 39750 0 17657 0 6000 0 1858 0 326980 0 0 0 MARYSUE KELSEN CFO, SECRETARY & TREASURER 180868 0 6500 0 7243 0 6000 0 34715 0 235326 0 0 0 HEATHER FILONOW DIRECTOR OF HEALTHSERVICES 152639 0 6500 0 362 0 6000 0 17714 0 183215 0 0 0 LESLIE PARKER DIRECTOR OF EVNVIRONMENTAL SERVICES 144892 0 6500 0 6094 0 6000 0 17714 0 181200 0 0 0 KATE HAYS DIRECTOR OF DINING 135790 0 6500 0 842 0 6000 0 17714 0 166846 0 0 0 MARYBETH DUDLEY DIRECTOR OF MARKETING 129920 0 6500 0 341 0 6000 0 18250 0 161011 0 0 0 TENZIN TSEPHAL STAFF NURSE-RN 95191 0 1595 0 46280 0 1300 0 14449 0 158815 0 0 0 PART I, LINE 7 DIRECTOR LEVEL BONUSES ARE DISCRETIONARY NON-FIXED PAYMENTS. THE BONUS IS INCLUDED IN EACH EMPLOYEE'S W-2 COMPENSATION. BONUSES ARE DETERMINED BY THE CEO AND APPROVED BY THE BOARD OF DIRECTORS. THE CEO BONUS IS DETERMINED IN LINE WITH THE OTHER DISCRETIONARY BONUSES, BUT IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. THE FOLLOWING EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A RECEIVED A BONUS IN 2025: MEAGAN BUCKLEY, CEO & PRESIDENT - $39,750 HEATHER FILONOW, DIRECTOR OF HEALTH SERVICES - $6,500 KATE HAYS, DIRECTOR OF DINING - $6,500 LESLIE PARKER, DIRECTOR OF ENVIRONMENTAL SERVICES - $6,500 MARYBETH DUDLEY, DIRECTOR OF MARKETING - $6,500 MARYSUE KELSEN, CFO, SECRETARY & TREASURER - $6,500 TENZIN TSEPHAL, STAFF NURSE-RN - $1,595 A VERMONT ECONOMIC DEVELOPMENT AUTHORITY 036024497 92515TBQ4 2017-07-26 21590000 TO REFUND THE MORTGAGE REVENUE SERIES 2006B BONDS 0 0 0 B VERMONT ECONOMIC DEVELOPMENT AUTHORITY 036024497 92415TCB6 2021-10-21 53259769 TO REFUND THE WAKE ROBIN MORTGAGE REVENUE SERIES 2014, 2017B, & 2012 BONDS. 0 0 0 C VERMONT ECONOMIC DEVELOPMENT AUTHORITY 036024497 92415TCE0 2022-01-31 9185496 TO REFUND THE WAKE ROBIN MORTGAGE REVENUE SERIES 2012 BONDS. 0 0 0 A 7340000 21590000 464968 167725 6259554 14697753 2020 1 0 1 1 B 925000 49190000 4354388 954922 277270 43603420 1 0 0 1 C 185000 8410000 510113 183710 67018 7649272 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0.01500 0.01500 0.03000 0 0 1 C 0 0 0 0 0.01500 0.01500 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: VERMONT ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2022 FORM 990, PART VI, SECTION A, LINE 8B ALL MEETINGS ARE DOCUMENTED, INCLUDING SUB-COMMITTEES, HOWEVER THERE ARE NO SUB-COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE ORGANIZATION. SUB-COMMITTEES MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS. MINUTES ARE FORWARDED TO ALL MEMBERS PRIOR TO THE NEXT MEETING. AT THAT SUBSEQUENT MEETING, MEMBERS VOTE TO APPROVE THE MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE AUDIT AND FINANCE COMMITTEE AND THE FULL BOARD THEN REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EVERY JUNE, ALL BOARD DIRECTORS AND MANAGEMENT COMPLETE A CONFLICT OF INTEREST STATEMENT. THEY ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MIGHT ARISE DURING THE YEAR. AT THE TIME THEY ARISE, THE CEO, CFO AND THE BOARD EVALUATE HOW THE CONFLICT CAN BE MITIGATED AND ESTABLISH APPROPRIATE CONTROLS AND OVERSIGHT TO MONITOR AND ENSURE THE POLICY IS IN PLACE. THE CEO IS IN CHARGE OF OVERSEEING COMPLIANCE OF THIS POLICY. IN ADDITION, THE CONFLICT OF INTEREST POLICY INCLUDES A DUTY TO TIMELY DISCLOSE ANY POTENTIAL CONFLICTS AS THEY ARISE. DIRECTORS WHO HAVE DECLARED OR BEEN FOUND TO HAVE A CONFLICT OF INTEREST SHALL REFRAIN FROM PARTICIPATING IN PROPOSED TRANSACTIONS IN WHICH POTENTIAL CONFLICT EXISTS. IN CASES WHERE SUCH CONFLICT EXISTS, UNLESS FOR SPECIAL REASONS, PERSONS WITH CONFLICTS SHALL NOT VOTE, PARTICIPATE IN DISCUSSION, NOR BE PRESENT AT THE TIME OF DISCUSSION OR VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE CEO COMPENSATION IS APPROVED BY THE FULL BOARD OF DIRECTORS, WHO ARE VOLUNTEERS FROM THE LOCAL COMMUNITY. THEIR RECOMMENDATIONS ARE BASED ON: 1. INPUT FROM ALL BOARD MEMBERS AND THE HUMAN RESOURCES DIRECTOR. 2. COMPARISON OF OTHER CEO COMPENSATION IN VERMONT, NEW ENGLAND, AND IN THE INDUSTRY (TY DOL AND LEADING AGE). 3. COMPENSATION IS TIED TO PERFORMANCE IN CARRYING OUT THE STRATEGIC PLAN AND TIED TO FINANCIAL RESULTS. HOWEVER, IT IS NOT TIED TO ANY SPECIFIC PERFORMANCE INDICATORS OR RATIOS. THE BOARD MAKES ITS DETERMINATION OF COMPENSATION INCREASES SEPARATE AND APART FROM THE INTERNAL STAFF SCALE OF ADJUSTMENTS, THE BOARD DOES TAKE THAT RANGE OF INCREASE INTO ACCOUNT IN MAKING ITS DETERMINATION. THE FINAL DETERMINATION AND DELIBERATION IS DOCUMENTED IN AN EXECUTIVE SESSION OF THE BOARD. THE REVIEW PROCESS OCCURS ANNUALLY. THE REVIEW PROCESS LAST OCCURRED DURING 2025. 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. QUARTERLY FINANCIAL RESULTS ARE PRESENTED TO RESIDENTS OF THE ORGANIZATION AND AVAILABLE ON AN INTERNAL RESIDENT PORTAL. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND ARE AVAILABLE TO THE PUBLIC ON ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA). FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF GIFT ANNUITIES -8,156. WAKE ROBIN MANAGEMENT LLC 200 WAKE ROBIN DRIVE SHELBURNE VT 05482 453189950 MANAGEMENT SERVICES TO SENIOR LIVING FACILITY VT 0 0 WAKE ROBIN CORPORATION THE WAKE ROBIN GROUP INC 200 WAKE ROBIN DRIVE SHELBURNE VT 05482 853121500 SUPPORT THE CHARITABLE PURPOSES AND ACTIVITIES OF WAKE ROBIN CORPORATION VT 501(C)(3) LINE 12A, I WAKE ROBIN CORPORATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0