2024-07-11T11:38:24-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-09-01 020331198 RANNIE WEBSTER FOUNDATION RANN 6039648144 795 WASHINGTON RD RYE NH 03870 JANET LANGLOIS CFO/TREASURER 6039648144 2024-07-11 1 JANET LANGLOIS 999009999 1 LAURA J KENNEY P00202198 6177170831 2024-07-11 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIAN NEWMAN 795 WASHINGTON RD RYE NH 03870 16080606 0 X WWW.WEBSTERATRYE.COM X 1977 NH THE MISSION OF THE RANNIE WEBSTER FOUNDATION, A NOT-FOR-PROFIT CHARITABLE FOUNDATION, IN CARRYING OUT THE WISHES OF THE LATE RANNIE WEBSTER, IS TO PROVIDE A CONTINUUM OF HOUSING AND HEALTHCARE SERVICES WITH AN EMPHASIS ON QUALITY OF LIFE AND QUALITY OF CARE IN AN ATMOSPHERE OF COMPASSION, DIGNITY AND COMMUNITY. 9 9 219 14 0 0 581183 535271 12605475 13830908 154044 296159 181420 159252 13522122 14821590 0 0 0 0 7972968 7392742 0 0 0 6930720 8647735 14903688 16040477 -1381566 -1218887 21769366 19999546 17892003 17732725 3877363 2266821 X THE MISSION OF THE RANNIE WEBSTER FOUNDATION, A NOT-FOR-PROFIT CHARITABLE FOUNDATION, IN CARRYING OUT THE WISHES OF THE LATE RANNIE WEBSTER, IS TO PROVIDE A CONTINUUM OF HOUSING AND HEALTHCARE SERVICES, WITH AN EMPHASIS ON QUALITY OF LIFE AND QUALITY OF CARE IN AN ATMOSPHERE OF COMPASSION, DIGNITY AND COMMUNITY. 0 0 14003764 0 13990160 OPERATION OF A FACILITY FOR AGED AND/OR INFIRMED PERSONS COMPRISED OF 56 ASSISTED LIVING UNITS, 25 MEMORY CARE UNITS AND A 51 BED NURSING HOME. THE FACILITY SERVED AN AVERAGE OF 106 RESIDENTS. 14003764 1 1 0 0 0 0 0 0 1 1 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 0 0 0 0 0 1 1 0 0 0 1 81 0 1 219 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 1 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X ASHLEY GELINAS 6039648144 795 WASHINGTON RD RYE NH 03870 DAVID C TIMMERMAN CHAIRMAN 1.00 0.00 X X 0 0 0 CHARLES RIOPEL VICE CHAIRMAN 1.00 0.00 X X 0 0 0 JEFFREY MITCHELL SECRETARY 1.00 0.00 X X 0 0 0 LINDA TOUMPAS TREASURER 1.00 0.00 X X 0 0 0 ANNE CIGNOLI DIRECTOR (AS OF 10/22) 1.00 0.00 X 0 0 0 NANCY CLAYBURGH DIRECTOR 1.00 0.00 X 0 0 0 DAVID FREDETTE DIRECTOR (AS OF 06/23) 1.00 0.00 X 0 0 0 ALLAN MOSES DIRECTOR 1.00 0.00 X 0 0 0 JAMES TOLLNER DIRECTOR (AS OF 06/23) 1.00 1.00 X 0 0 0 ASHLEY GELINAS EXECUTIVE DIRECTOR (AS OF 5/23) 40.00 0.00 X 36615 0 0 THOMAS ARGUE CEO (UNTIL 12/22) 40.00 0.00 X 144686 0 3001 TODD FERNALD ADMINISTRATOR 40.00 0.00 X 179938 0 20591 KIMBERLY DOHERTY LPN 40.00 0.00 X 101129 0 13713 SHAHEEN GANEM DIRECTOR OF ASSISTED LIVING 40.00 0.00 X 116329 0 15440 PATRICIA ROGER DIRECTOR OF NURSING SERVICE 40.00 0.00 X 132315 0 15593 711012 0 68338 5 0 1 0 MECARE STAFFING LLC 1087 ELM ST 229 MANCHESTER NH 03101 STAFFING SERVICES 1085163 MEPA MEDICAL SERVICES 9 ASHLEY DR MANCHESTER NH 03103 STAFFING SERVICES 542867 POWERBACK REHABILITATION PO BOX 821322 PHILADELPHIA PA 19182 REHABILITATION SERVICES 536377 CAREERSTAFF UNLIMITED PO BOX 301076 DALLAS TX 75303 STAFFING SERVICES 283621 ROCK MEDICAL GROUP 10707 PACIFIC ST STE 200 OMAHA NE 06811 STAFFING SERVICES 147417 7 500000 35271 535271 EXTENDED CARE 623000 6608372 6608372 RETIREMENT AND ASSISTED LIVING CO 623000 4516299 4516299 MEMORY CARE 623000 2706237 2706237 13830908 71357 71357 1483818 1259016 224802 224802 224802 OTHER INCOME 900009 159252 159252 159252 14821590 13830908 0 455411 173241 173241 6080166 5556388 523778 100841 92364 8477 570261 520449 49812 468233 428874 39359 144816 144816 187243 187243 64200 64200 21232 21232 4106993 3959261 147732 122296 122296 19004 19004 638368 465016 173352 47708 47708 617675 617675 854596 854596 239892 239892 FOOD AND SUPPLIES 971029 971029 NURSING 348049 348049 OTHER EXPENSE 109335 91829 17506 HOUSEKEEPING 98234 98234 57065 57065 16040477 14003764 2036713 0 128612 955641 3781234 1638104 476528 1204232 148664 179831 25196627 11789543 14422837 13407084 2773991 2577154 37500 37500 21769366 19999546 1329682 1527389 999056 726035 25717 27917 15537548 15273981 0 177403 17892003 17732725 X 1399606 -84885 2477757 2351706 3877363 2266821 21769366 19999546 X -1218887 -112903 -278752 X 0 1 X 1 1 1 X 5948 835220 2280451 581183 535271 4238073 12958423 12568654 12211469 12786898 13830908 64356352 159252 159252 12964371 13403874 14491920 13368081 14525431 68753677 5726 5726 420734 420734 5726 420734 426460 68327217 45325 68617 51770 67805 71357 304874 45325 68617 51770 67805 71357 304874 13009696 13472491 14543690 13435886 14596788 69058551 0.98940 0.99600 0.00440 0.00390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2730914 179450 243142 21232 2645990 3219247 -279944 185660 22729 2730914 2853776 557552 169539 22542 3219247 2503424 370020 19668 2853776 2351180 500 165645 13901 2503424 0.00000 0.45399 0.54601 0 0 140323 140323 18343596 7684021 10659575 2946524 1448687 1497837 2687126 1916512 770614 1079058 740323 338735 13407084 DUE TO RELATED PARTY 110958 NURSING FACILITY ASSESSMENT TAX PAYABLE 66445 177403 X 14408703 -112903 -278752 -391655 14800358 21232 21232 14821590 16019245 0 16019245 21232 21232 16040477 PART IV, LINE 2B: THE FOUNDATION HOLDS CASH FOR ITS RESIDENTS FOR USE IN DAILY ACTIVITIES OR AS THE RESIDENT REQUESTS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUBSIDIZE RESIDENTS IN THE RETIREMENT COMMUNITY AND THE NURSING FACILITY PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS TAXED ONLY ON ITS UNRELATED BUSINESS TAXABLE INCOME LESS APPLICABLE EXPENSES. THE FOUNDATION DID NOT GENERATE ANY UNRELATED BUSINESS INCOME DURING 2023 OR 2022. THE FOUNDATION EVALUATES ITS TAX POSITIONS AND RECOGNIZES THE TAX BENEFITS OF ANY UNCERTAIN TAX POSITIONS ONLY IF MANAGEMENT DETERMINES THAT IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERIT OF THE POSITION. MANAGEMENT HAS DETERMINED THAT AS OF AUGUST 31, 2023 AND 2022 THE FOUNDATION HAS NOT TAKEN ANY SIGNIFICANT TAX POSITIONS WHICH DO NOT MEET THE CRITERIA FOR RECOGNITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON WRITE-OFF OF CONSTRUCTION IN PROGRESS -278,752. X 1 1 X 0 0 0 0 0 0 0 0 0 TODD FERNALD ADMINISTRATOR 175431 0 507 0 4000 0 4433 0 16158 0 200529 0 0 0 PART I, LINE 1A GROSS-UP PAYMENTS: THE FOUNDATION PAYS THE TAXES ASSOCIATED WITH THE PAYMENTS FOR USE OF THE CEO'S PERSONAL VEHICLE. THIS WAS TREATED AS TAXABLE INCOME. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRPERSON OF THE BOARD AS CHAIR THEREOF, THE VICE CHAIRPERSON, THE CEO, THE TREASURER, AND THE CHAIRPERSON OF EACH OF THE SUBSIDIARY CORPORATION'S BOARD OF TRUSTEES. NEITHER THE CEO NOR THE TREASURER, IF THE TREASURER IS THE CFO, SHALL HAVE A VOTE. ONLY A VOTING MEMBER MAY BE CHAIRPERSON OF THE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE CHARGE OF THE DETAILED MANAGEMENT OF THE CORPORATION ON BEHALF OF THE BOARD OF DIRECTORS AND THE POWER TO TRANSACT ALL REGULAR BUSINESS OF THE CORPORATION ON BEHALF, AND WITH THE FULL POWER, OF THE BOARD OF DIRECTORS DURING THE PERIOD BETWEEN THE MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT TO ANY PRIOR LIMITATIONS IMPOSED BY THE BOARD OF DIRECTORS OR BY LAW. FORM 990, PART VI, SECTION A, LINE 3 SILVERSTONE BY HUNT ACTED UNDER A TEMPORARY MANAGEMENT AGREEMENT FROM JANUARY, 2023 THRU APRIL 30, 2023, JUST PRIOR TO THE AFFILIATION WITH SILVERSTONE BY HUNT EFFECTIVE 5/1/23. SILVERSTONE BY HUNT IS THE SOLE CORPORATE MEMBER EFFECTIVE 5/1/23 AND MAINTAINS AN ONGOING MANAGEMENT AGREEMENT. FORMER CEO OF RANNIE WEBSTER RETIRED DEC 16, 2022, WITH A GROSS SALARY OF $144,686 IN 2022. FORM 990, PART VI, SECTION A, LINE 4 ON MAY 1, 2023, RANNIE WEBSTER HOLDING CORPORATION MERGED WITH THE FOUNDATION, WITH THE FOUNDATION BEING THE SURVIVING ORGANIZATION. EFFECTIVE MAY 1, 2023, SILVERSTONE BY HUNT (SILVERSTONE LIVING) BECAME THE SOLE CORPORATE MEMBER OF THE FOUNDATION THROUGH AN AFFILIATION AGREEMENT. A MANAGEMENT SERVICES AGREEMENT WAS ALSO EXECUTED, IN WHICH SILVERSTONE LIVING WILL PROVIDE CERTAIN MANAGEMENT SERVICES TO THE FOUNDATION. SILVERSTONE LIVING IS ALSO THE SOLE MEMBER OF THE HUNTINGTON AT NASHUA (HUNTINGTON) AND HUNT COMMUNITY (HUNT) AND ALSO PROVIDES GENERAL AND FINANCIAL MANAGEMENT SERVICES TO HUNTINGTON AND HUNT. FORM 990, PART VI, SECTION A, LINE 6 SILVERSTONE BY HUNT IS THE THE SOLE MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY TAX ADVISORS OF A NATIONAL ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THE DRAFT FORM 990 IS PROVIDED FOR REVIEW BY THE BOARD OF DIRECTORS IN ADVANCE OF A SCHEDULED MEETING. QUESTIONS MAY BE RAISED EITHER AT THE MEETING OR VIA EMAIL PRIOR TO. ONCE ANY QUESTIONS ARE ANSWERED, THE BOARD WILL VOTE TO APPROVE THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH BOARD MEMBER, OFFICER AND KEY EMPLOYEE IS REQUIRED TO COMPLETE A DISCLOSURE FORM THAT IDENTIFIES ANY RELATIONSHIPS WITH STAFF, VENDORS, CONTRACTORS, ETC. TO DETERMINE IF ANY CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE USES COMPARABLE DATA, FORM 990 OF OTHER ORGANIZATIONS, AND COMPENSATION SURVEYS OR STUDIES TO DETERMINE SALARIES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. AS OF MAY 1ST, 2023, RANNIE WEBSTER HOLDING CORPORATION MERGED INTO RANNIE WEBSTER FOUNDATION (RWF) AND SILVERSTONE BY HUNT BECAME THE SOLE CORPORATE MEMBER OF THE MERGED ENTITY. SILVERSTONE'S CEO WILL HAVE THE AUTHORITY TO APPOINT, SUPERVISE, AND EVALUATE THE RWF EXECUTIVE DIRECTOR, DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION, AND TERMINATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON WRITE-OFF OF CONSTRUCTION IN PROGRESS -278,752. HUNT COMMUNITY 10 ALLDS STREET NASHUA NH 03060 020369906 LIFE PLAN FOR SENIORS/CONTINUING CARE RETIREMENT COMMUNITY NH 501(C)(3) LINE 10 SILVERSTONE BY HUNT 1 THE HUNTINGTON AT NASHUA 55 KENT LANE NASHUA NH 03062 020518481 LIFE PLAN FOR SENIORS/CONTINUING CARE RETIREMENT COMMUNITY NH 501(C)(3) LINE 10 SILVERSTONE BY HUNT 1 SILVERSTONE BY HUNT 10 ALLDS STREET NASHUA NH 03060 020518617 PROVIDES MANAGEMENT, OVERSIGHT AND ACCOUNTING SERVICES NH 501(C)(3) LINE 12C, III-FI N/A 0 RANNIE WEBSTER HOLDING CORPORATION - MERGED INTO RANNIE WEBSTER FND (0523) 795 WASHINGTON ROAD RYE NH 03870 208084982 HOLDING COMPANY NH 501(C)(3) LINE 11 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1