2024-05-14T15:36:17-05:00 2023-06-30 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2022-07-01 223042122 LASELL VILLAGE INC LASE 6176637000 120 SEMINARY AVE AUBURNDALE MA 02466 ALESSANDRO VIANELLO CHIEF FINANCIAL OFFICER 6176637000 2024-05-10 1 ALESSANDRO VIANELLO 999009999 1 CRAIG KLEIN P00734640 6177610600 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL B ALEXANDER 120 SEMINARY AVE AUBURNDALE MA 02466 25033315 0 X WWW.LASELLVILLAGE.COM X 1990 MA LASELL VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY, ON THE CAMPUS OF LASELL UNIVERSITY, WITH INDEPENDENT, SUPPORTED, AND SKILLED NURING RESIDENTS. 12 12 246 20 0 0 47994 53880 21729674 22559906 2261832 2088058 387020 226930 24426520 24928774 0 0 0 0 9406435 10367974 0 0 0 15943327 16660022 25349762 27027996 -923242 -2099222 98447596 100698949 132844947 134578172 -34397351 -33879223 X LASELL VILLAGE, SPONSORED BY LASELL UNIVERSITY, IS HOME TO SOME 265 RESIDENTS IN ITS INDEPENDENT LIVING APARTMENTS, SUPPORTED LIVING STUDIOS AND INCLUDES A 38 BED SKILLED NURSING FACILITY. OPEN SINCE MAY 2000, THE VILLAGE COMBINES THE ELEMENTS OF LIFELONG LEARNING, RETIREMENT LIVING, SUPPORT SERVICES, SHORT-TERM REHABILITATION AND LONG-TERM CARE. 0 0 22916548 22559906 LASELL VILLAGE OPERATES A CONTINUING CARE RETIREMENT COMMUNITY AND PROVIDES, IN COOPERATION WITH LASELL UNIVERSITY, RESIDENTIAL AND NON-RESIDENTIAL EDUCATION PROGRAMS FOR ELDERLY PERSONS. THROUGH INTERGENERATIONAL LEARNING ACTIVITIES WITH THE FACULTY AND STUDENTS OF LASELL UNIVERSITY AND PROGRAMS SPONSORED BY THE ON-SITE ROSEMARY B. FUSS CENTER FOR RESEARCH ON AGING AND INTERGENERATIONAL STUDIES, LASELL VILLAGE DISSEMINATES CURRENT AND BROAD-BASED INFORMATION ABOUT AGING AND FACTORS THAT CONTRIBUTE TO WELL-BEING IN LATER LIFE. LASELL VILLAGE SPONSORS AND PARTNERS IN RESEARCH WITH OTHER EDUCATIONAL AND RESEARCH INSTITUTIONS REGARDING THE COGNITIVE, EMOTIONAL, PHYSICAL NEEDS AND CAPABILITIES OF THE ELDERLY AND THE VALUE OF CONTINUED LEARNING IN LATER LIFE. NUMBER OF RESIDENTS ENROLLED PER SEMESTER AND THE NUMBER OF COURSES OFFERED:FALL 2022 - 198 RESIDENTS ENROLLED IN 19 COURSESSPRING 2023 - 200 RESIDENTS ENROLLED IN 24 COURSESSUMMER 2023 - 204 RESIDENTS ENROLLED IN 21 COURSES 22916548 1 1 0 0 0 0 0 0 0 1 1 0 0 0 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 1 0 0 0 1 0 0 0 1 67 0 1 246 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X ALESSANDRO VIANELLO 6176637003 120 SEMINARY AVE AUBURNDALE MA 02466 JEFFREY SIMON CHAIR 2.00 1.00 X X 0 0 0 JEFFREY AUGUSTINE DIRECTOR 2.00 0.00 X 0 0 0 SUSAN HASS CLERK 2.00 0.00 X X 0 0 0 DEBORAH DACCORD DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINE DOYLE DIRECTOR 1.00 0.00 X 0 0 0 JULIA GALLAGHER MD DIRECTOR 1.00 0.00 X 0 0 0 NKEM OKEKE MD DIRECTOR 1.00 0.00 X 0 0 0 LAURIE SAMUELS PASCAL DIRECTOR 1.00 0.00 X 0 0 0 PAIGE SCOTT REED DIRECTOR 1.00 0.00 X 0 0 0 CAROLINE SCHASTNY RESIDENT TRUSTEE 1.00 0.00 X 0 0 0 KATHY SWARTZ DIRECTOR 1.00 0.00 X 0 0 0 JUDITH TSIPIS RESIDENT TRUSTEE 1.00 0.00 X 0 0 0 ALESSANDRO VIANELLO CFO & TREASURER 40.00 0.00 X 178897 0 42940 NANCY SNOW ASSISTANT CLERK (UNTIL 9/2022) 40.00 0.00 X 62876 0 15857 REGINA HOYT ASSISTANT CLERK (AS OF 9/2022) 40.00 0.00 X 44682 0 10199 ANNE E DOYLE UNTIL 102022 VP, UNIVERSITY / PRES., VILLAGE 40.00 10.00 X 0 264100 16411 MICHAEL ALEXANDER UNTIL 62023 PRESIDENT - LASELL UNIVERSITY 10.00 40.00 X 0 703606 52319 DEREK PINTO VP, ADMIN - LASELL UNIVERSITY 10.00 40.00 X 0 215456 10857 ZEHRA ABID-WOOD AS OF 22023 PRESIDENT - LASELL VILLAGE 40.00 10.00 X 0 0 0 ANDREW MAYLOR CFO - LASELL UNIVERSITY 10.00 40.00 X 0 10861 0 CHERYL SACKS DIRECTOR OF MARKETING 40.00 0.00 X 187386 0 37242 RUTH BUTTA RN 40.00 0.00 X 186102 0 18418 BENJAMIN BAILEY AVP OF FACILITIES 40.00 0.00 X 176389 0 30953 ELIZABETH IHENACHO RN SUPERVISOR 40.00 0.00 X 158242 0 36260 MARTIN DOL RN 40.00 0.00 X 164838 0 18025 1159412 1194023 289481 11 0 1 0 LASELL UNIVERSITY 1844 COMMONWEALTH AVE NEWTON MA 02466 MANAGEMENT CONTRACT 1554065 POWERBACK REHABILITATION PO BOX 821322 PHILADELPHIA PA 19182 REHAB FOR SKILLED NURSING UNIT 700385 DIMELLA SHAFFER ASSOCIATES 24 FARNSWORTH ST BOSTON MA 02210 ARCHITECTURAL 471083 GENESIS HEALTHCARE 101 EAST STATE ST 3RD FLOOR KENNETT SQUARE PA 19348 SKILLED NURSING MGMT. CONTRACT 384935 WITTKIEFFER INC 2015 SPRING ROAD SUITE 510 OAK BROOK IL 60523 EXECUTIVE SEARCH FIRM 113984 5 53880 1600 53880 RESIDENTIAL FEES 623000 14805978 14805978 SKILLED NURSING 623000 5248359 5248359 EARNED ENTRANCE FEE 623000 1488066 1488066 SUPPORTED LIVING UNIT FEES 623000 1017503 1017503 22559906 2110091 2110091 82508 87206 17335 -4698 -17335 -22033 -22033 OTHER INCOME 900099 226930 226930 226930 24928774 22559906 0 2314988 276910 276910 8029234 6928626 1100608 283549 244681 38868 1195118 1031297 163821 583163 498966 84197 966689 966689 38679 38679 187487 187487 14640 14640 213624 199868 13756 20717 20717 262524 20986 241538 341689 283189 58500 4555578 4369710 185868 4362 4362 8082 86 7996 647795 603616 44179 6038697 5626862 411835 313512 292131 21381 MEDICAL SERVICES & EXP. 1822961 1732019 90942 REAL ESTATE TAXES 766843 714545 52298 LAND LEASE 207509 193357 14152 RESIDENT ACTIVITIES 89830 89830 158804 86779 72025 27027996 22916548 4111448 0 10043557 2915146 2662011 2481712 747270 1497366 1320216 32665 92301195 56320776 38229243 35980419 44948232 56015126 497067 1776515 98447596 100698949 2402467 2030376 1374075 1562907 13363106 12713475 115705299 118271414 132844947 134578172 X -34558418 -34096440 161067 217217 -34397351 -33879223 98447596 100698949 X -2099222 1963771 653579 X 0 1 X 1 0 X 24600 8900 17326 47994 53880 152700 18737069 18923338 19047247 21729674 22559906 100997234 18761669 18932238 19064573 21777668 22613786 101149934 129100 134356 121813 159670 166102 711041 0 129100 134356 121813 159670 166102 711041 100438893 1261111 1329703 1595566 2261680 2110091 8558151 1261111 1329703 1595566 2261680 2110091 8558151 313039 541918 262134 387020 226930 1731041 20335819 20803859 20922273 24426368 24950807 111439126 0.90130 0.90840 0.07680 0.06900 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 313,039. 2019 AMOUNT: $ 541,918. 2020 AMOUNT: $ 262,134. 2021 AMOUNT: $ 387,020. 2022 AMOUNT: $ 226,930. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 161140 53892 2270 217302 138063 22939 138 161140 120737 17240 86 138063 111837 8207 693 120737 87237 23431 1169 111837 1.00000 0.00000 0.00000 0 0 73237306 48589320 24647986 19063889 7731456 11332433 35980419 REFUNDABLE DEPOSITS & INTEREST 482000 DEFERRED ENTRANCE FEES 6891615 REFUNDABLE ENTRANCE FEES 109840265 FAIR VALUE OF INTEREST SWAP 881626 DUE TO AFFILIATES 175908 118271414 X 27546124 1963771 653579 2617350 24928774 0 24928774 27027996 0 27027996 0 27027996 PART X, LINE 2: THE VILLAGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE VILLAGE HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS DETERMINATION AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE VILLAGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE VILLAGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE VILLAGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS AFTER THE DATE OF FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 653,579. X X 0 1 0 0 0 0 0 1 0 MICHAEL ALEXANDER UNTIL 62023 PRESIDENT - LASELL UNIVERSITY 0 400553 0 0 0 303053 0 39192 0 13127 0 755925 0 289745 ANNE E DOYLE UNTIL 102022 VP, UNIVERSITY / PRES., VILLAGE 0 197503 0 30000 0 36597 0 15519 0 892 0 280511 0 0 DEREK PINTO VP, ADMIN - LASELL UNIVERSITY 0 215058 0 0 0 398 0 0 0 10857 0 226313 0 0 CHERYL SACKS DIRECTOR OF MARKETING 146000 0 40000 0 1386 0 10950 0 26292 0 224628 0 0 0 ALESSANDRO VIANELLO CFO & TREASURER 168524 0 10000 0 373 0 12639 0 30301 0 221837 0 0 0 BENJAMIN BAILEY AVP OF FACILITIES 165290 0 10000 0 1099 0 5872 0 25081 0 207342 0 0 0 RUTH BUTTA RN 185669 0 0 0 433 0 7079 0 11339 0 204520 0 0 0 ELIZABETH IHENACHO RN SUPERVISOR 156535 0 0 0 1707 0 5517 0 30743 0 194502 0 0 0 MARTIN DOL RN 164579 0 0 0 259 0 6851 0 11174 0 182863 0 0 0 PART I, LINE 4B DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2022, LASELL UNIVERSITY PAID OUT THE RETIREMENT PLAN PURSUANT TO SECTION 457(F) OF THE INTERNAL REVENUE CODE TO MICHAEL ALEXANDER IN THE AMOUNT OF $289,745. THE AMOUNT IS INCLUDED AS REPORTABLE COMPENSATION. PART I, LINE 7 AS DETAILED ON SCHEDULE J, PART II, BONUSES WERE AWARDED TO CERTAIN EMPLOYEES DURING THE YEAR. BONUSES WERE AWARDED AT THE DISCRETION OF THE PRESIDENT OF LASELL UNIVERSITY AND THE PRESIDENT OF LASELL VILLAGE. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2014-06-19 17906000 REFINANCE 2007 BONDS. 0 0 0 A 5066000 17906000 201000 17705000 2007 1 0 1 1 A 0 0 0 1 1 1 BANK OF AMERICA 30.000000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2023 X 4 1600 ART CONSULTANT 0 0 0 0 PART I, COLUMN (B): THE AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 3 THE GOVERNING BODY OF LASELL VILLAGE HAS AUTHORIZED LASELL UNIVERSITY THROUGH A MANAGEMENT CONTRACT AS THE MANAGEMENT COMPANY TO PERFORM THE MANAGEMENT DUTIES TYPICALLY HANDLED BY DIRECT SUPERVISION OF OFFICERS OR KEY EMPLOYEES. LASELL VILLAGE SHALL HAVE THE RIGHT, UPON NOTICE TO LASELL UNIVERSITY, TO CHANGE, REPEAL OR ALTER POLICIES ADOPTED AND/OR IMPLEMENTED BY LASELL UNIVERSITY IN CONNECTION WITH MANAGING THE DAY-TO-DAY OPERATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM WAS PROVIDED TO ALL BOARD MEMBERS AND WAS REVIEWED BY THE BOT AT THEIR MEETING, PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C OUR ORGANIZATION REGULARLY AND CONSISTENTLY ENFORCES COMPLIANCE WITH OUR WRITTEN CONFLICT OF INTEREST POLICY BY HAVING EACH TRUSTEE, PRINCIPAL OFFICERS AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THEIR UNDERSTANDING OF THE POLICY AND THEY INDICATE WHETHER OR NOT A CONFLICT EXISTS. THE POLICY IS ALSO REVIEWED ANNUALLY WITH MANAGERS AND WHICH IN TURN REVIEW ANNUALLY WITH THEIR STAFF. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRMAN OF THE BOARD OF TRUSTEES IN CONSULTATION WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCT AN ANNUAL WRITTEN EVALUATION OF THE PRESIDENT AND ESTABLISHES COMPENSATION BASED ON A COMPARISON OF PRESIDENTS AT SIMILAR SIZED INSTITUTIONS. THE PRESIDENT CONDUCTS AN ANNUAL WRITTEN EVALUATION OF KEY EMPLOYEES TAKING INTO ACCOUNT COMPENSATION OF PEERS AT SIMILAR SIZED INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE 990 IS AVAILABLE ON GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE FORM 1023 IS AVAILABLE UPON REQUEST. ALSO AVAILABLE UPON REQUEST ARE OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTERST RATE SWAP 653,579. LASELL UNIVERSITY 1844 COMMONWEALTH AVENUE NEWTON MA 02466 042103585 EDUCATION MA 501(C)(3) LINE 2 LASELL INC 0 LASELL INC 1844 COMMONWEALTH AVENUE NEWTON MA 02466 861070319 ADMINISTRATIVE SUPPORT MA 501(C)(3) LINE 12B, II N/A 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0 NA