Nonprofit · EIN 34-1481142
LAUREL LAKE RETIREMENT COMMUNITY INC
Tax-exempt · HUDSON, OH 44236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $28,334,680 | $26,290,826 | $2,043,854 | $99,094,295 | $70,836,099 | $28,258,196 |
| December 31, 2023 | 990 | $29,916,271 | $26,185,795 | $3,730,476 | $95,941,402 | $71,747,362 | $24,194,040 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,147,174
- Program service revenue
- $26,161,143
- Investment income
- $876,396
- Net gain from sales of assets
- $90,418
- Other revenue
- $149,967
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $560,324
- Other salaries and wages
- $8,044,464
- Salaries, compensation and benefits (total)
- $11,041,111
- Professional fundraising fees
- $0
- Legal fees
- $35,807
- Accounting fees
- $48,062
- Occupancy
- $3,647,906
- Depreciation
- $4,010,988
- Program services (functional)
- $23,353,476
- Management and general (functional)
- $2,707,046
- Fundraising (functional)
- $230,304
Balance sheet and other
- Total assets, start of year
- $95,941,402
- Total assets, end of year
- $99,094,295
- Total liabilities, end of year
- $70,836,099
- Net assets, end of year
- $28,258,196
- Land, buildings and equipment
- $63,680,896
- Publicly traded securities
- $27,941,533
- Net assets without donor restrictions
- $28,258,196
- Gross unrelated business income
- -$61,142
- Gross receipts
- $28,334,680
- Employees
- 310
- Volunteers
- 20
- Year formed
- 1989
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID OSTER | CEO Officer | 40 | $378,123 | $15,578 |
| MADELINE FREEMAN | CFO Officer | 40 | $166,569 | $54 |
| ANDREW LOVANO | DIRECTOR-CROWN CENTER Highest-paid employee | 40 | $112,275 | $29,497 |
| LISA MITCHELL | DIRECTOR-HR&ASSISTED LIVING Highest-paid employee | 40 | $120,916 | $14,823 |
| DENISE DISCIPIO | DIRECTOR-CLINICAL SERVICES Highest-paid employee | 40 | $114,787 | $17,961 |
| DONNA ANDERSON | DIRECTOR-MARKETING Highest-paid employee | 40 | $103,074 | $13,053 |
| WILLIAM YOUNG | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PAT BLAKE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| STEPHANIE FALLCREEK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| HARRY ALBRECHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL BIRD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY DUNLAP | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DALE LEPPO | RESIDENT TRUSTEE Trustee or director | 1 | $0 | $0 |
| LIZ MURPHY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREGORY NAPLES | TRUSTEE Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH SELDEN | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM WOOLDREDGE | RESIDENT TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID OSTER | CEO Officer | 40 | $359,837 | $27,202 |
| SANDRA BOCK | REGISTERED NURSE Highest-paid employee | 40 | $100,547 | $33,996 |
| LISA MITCHELL | DIRECTOR OF HR AND ASSISTED LIVING Highest-paid employee | 40 | $106,836 | $14,803 |
| JEAN CLOUSE | MDS NURSE Highest-paid employee | 40 | $109,348 | $12,065 |
| ANDREW LOVANO | DIRECTOR OF CROWN CENTER Highest-paid employee | 40 | $102,093 | $2,715 |
| VALERIE DUBOSE | STNA/NURSING ASSISTANT - SNF Highest-paid employee | 40 | $102,088 | $54 |
| MADELINE FREEMAN | CFO (BEG. 6/23) Officer | 40 | $76,050 | $28 |
| LORETTA STEVENS | CFO (UNTIL 5/23) Officer | 40 | $75,993 | $72 |
| WILLIAM YOUNG | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PAT BLAKE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| STEPHANIE FALLCREEK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CLINTON SIMMONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DALE LEPPO | RESIDENT TRUSTEE Trustee or director | 2 | $0 | $0 |
| PHYLLIS DILLMAN | RESIDENT TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID WILLIAMS | RESIDENT TRUSTEE Trustee or director | 1 | $0 | $0 |
| HARRY ALBRECHT | RESIDENT TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL BIRD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN MULLIGAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 LAUREL LAKE DR, HUDSON, OH 44236-2156
- In care of
- % ANTHONY BERARDI
- Principal officer (990 for 2024)
- ANTHONY BERARDI, 200 LAUREL LAKE DRIVE, HUDSON, OH 44236
- Signed the 990
- ANTHONY BERARDI, CEO
- Phone
- (330) 650-0681
- Website
- WWW.LAURELLAKE.ORG
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
LAUREL LAKE STRIVES TO BE THE COMMUNITY OF CHOICE FOR ADULTS WHO ASPIRE TO LIVE LIFE WITH MEANING, PURPOSE, AND LIFELONG OPPORTUNITIES FOR GROWTH SERVICES. LAUREL LAKE ACCOMPLISHES THIS PURPOSE BY DEMONSTRATING OUR CORE VALUES OF COMPASSION, RESPECT, EXCELLENCE, AND SERVICE.
Program accomplishments
- LIFE PLAN COMMUNITY THAT PROVIDES AN ACTIVE RETIREMENT LIFESTYLE. THE COMMUNITY PROVIDES HOUSEKEEPING, ENVIRONMENTAL SERVICES, EDUCATIONAL AND ENTERTAINMENT ACTIVITIES. TOTAL OF 128,419 RESIDENT DAYS AND AN AVERAGE OF 352 RESIDENTS PER DAY.Expenses $17,006,726 · revenue $17,923,199
- PROVIDE SKILLED NURSING LONG-TERM CARE FOR RESIDENTS TO INCLUDE HOUSING, MEALS, ENVIRONMENTAL SERVICES, AND ACTIVITIES. TOTAL OF 22,519 RESIDENT DAYS AND AN AVERGAGE OF 62 RESIDENTS PER DAY.Expenses $5,332,424 · revenue $6,311,354
- PROVIDE ASSISTED LIVING LONG-TERM CARE, INCLUDING MEMORY CARE SERVICES, FOR RESIDENTS TO INCLUDE: HOUSING, MEALS, ENVIRONMENTAL SERVICES, AND ACTIVITIES. TOTAL OF 12,287 RESIDENT DAYS AND AN AVERAGE OF 34 RESIDENTS PER DAY.Expenses $1,014,326 · revenue $2,076,557
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1481142
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A6B)
- Assets (IRS master file)
- $99,094,295
- Income (IRS master file)
- $28,334,680
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $28,334,680 | $26,290,826 | $99,094,295 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $29,916,271 | $26,185,795 | $95,941,402 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $25,377,674 | $25,697,038 | $91,214,495 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1481142).
Questions about LAUREL LAKE RETIREMENT COMMUNITY INC
- What is the EIN of LAUREL LAKE RETIREMENT COMMUNITY INC?
- The employer identification number (EIN) of LAUREL LAKE RETIREMENT COMMUNITY INC is 34-1481142.
- Is LAUREL LAKE RETIREMENT COMMUNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to LAUREL LAKE RETIREMENT COMMUNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAUREL LAKE RETIREMENT COMMUNITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAUREL LAKE RETIREMENT COMMUNITY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAUREL LAKE RETIREMENT COMMUNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAUREL LAKE RETIREMENT COMMUNITY INC?
- The 990 for the year ended December 31, 2024 names ANTHONY BERARDI.
- Who are the officers and directors of LAUREL LAKE RETIREMENT COMMUNITY INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 6 received compensation from the organization, the highest $378,123 (DAVID OSTER, CEO).
- How much revenue does LAUREL LAKE RETIREMENT COMMUNITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $28,334,680, expenses of $26,290,826 and total assets of $99,094,295 at year end.
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