2024-08-15T12:40:54-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-10-01 270268085 MW HEALTHCARE INC MWHE 2035627222 118 CLINTON AVENUE NEW HAVEN CT 06513 DAVID V HUNTER CEO 2035627222 2024-08-14 1 0 LAURA J KENNEY P00202198 6177170831 2024-08-12 2022 2024-08-08 14:25:15Z DAVID V HUNTER 118 CLINTON AVENUE NEW HAVEN CT 06513 3609233 0 X N/A X 2009 CT MW HEALTHCARE, INC. PROVIDES MANAGEMENT SERVICES TO THE MARY WADE HOME, INC AND MARY WADE RESIDENCE, INC. AND HOLDS AND MANAGES THE ENDOWMENT ASSETS FOR THE BENEFIT OF THE MARY WADE HOME, INC. 17 17 0 17 0 0 0 0 0 0 914337 2109418 0 0 914337 2109418 2428000 3324000 0 0 190380 185625 0 0 0 121554 95073 2739934 3604698 -1825597 -1495280 19880732 18513478 127769 76357 19752963 18437121 MARY WADE HEALTHCARE PROVIDES THE HIGHEST-QUALITY COMPASSIONATE CARE, SENIOR LIVING, AND SERVICES THAT PROMOTE WELLNESS FOR OLDER ADULTS IN GREATER NEW HAVEN. 0 0 3517019 3324000 MW HEALTHCARE, INC. PROVIDES MANAGEMENT SERVICES TO THE MARY WADE HOME, INC., MARY WADE RESIDENCE, INC. AND HOLDS AND MANAGES THE ENDOWMENT ASSETS FOR THE BENEFIT OF THE MARY WADE HOME, INC. 3517019 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X WILLIAM GINTER 2036727817 118 CLINTON AVE NEW HAVEN CT 06513 JOANNE MCGLOIN CHAIR 3.20 0.80 X X 0 0 0 BRUCE TOPOLOSKY VICE CHAIR 1.60 0.40 X X 0 0 0 JACQUELINE HENCHEL MD SECRETARY 1.60 0.40 X X 0 0 0 BARBARA C ADAMS TREASURER 1.60 0.40 X X 0 0 0 MARYBETH CANAVAN BOARD OF TRUSTEES 0.60 1.40 X 0 0 0 BERNADETTE DIGIULIAN BOARD OF TRUSTEES 1.60 0.40 X 0 0 0 MAJORIE FUNK BOARD OF TRUSTEES 0.60 0.40 X 0 0 0 PATRICIA A GANUN BOARD OF TRUSTEES 1.60 0.40 X 0 0 0 ALFRED J GOLDBERG BOARD OF TRUSTEES (UNTIL 12/22) 1.60 0.40 X 0 0 0 REV THOMAS JACKSON BOARD OF TRUSTEES 0.60 0.40 X 0 0 0 ROBERT KESSLER BOARD OF TRUSTEES 1.10 0.40 X 0 0 0 BRANDON MCFARLANE BOARD OF TRUSTEES 0.60 0.40 X 0 0 0 MICHAEL MORAND BOARD OF TRUSTEES 0.60 0.40 X 0 0 0 NICHOLAS R NICHOLSON JR PHD BOARD OF TRUSTEES 0.60 0.40 X 0 0 0 MICHELLE LEE RODRIGUEZ BOARD OF TRUSTEES 0.60 0.40 X 0 0 0 PAMELA STANTON BOARD OF TRUSTEES 0.60 0.40 X 0 0 0 BRIAN E WNEK BOARD OF TRUSTEES (UNTIL 12/22) 0.60 1.40 X 0 0 0 HAROLD S SPITZER BOARD OF TRUSTEES 1.60 0.40 X 0 0 0 LEN SUZIO BOARD OF TRUSTEES (UNTIL 12/22) 0.60 0.40 X 0 0 0 STEVE WOLFSON MD BOARD OF TRUSTEES 0.60 0.40 X 0 0 0 DAVID V HUNTER PRESIDENT & CEO 15.00 25.00 X 120534 180802 50182 WILLIAM GINTER CFO 9.00 31.00 X 39271 117813 22990 159805 298615 73172 2 0 1 0 0 551109 551109 3058124 1499815 1558309 1558309 1558309 2109418 0 0 2109418 3324000 3324000 185625 185625 7394 7394 87679 87679 3604698 3517019 87679 0 19879732 16724135 1000 1789343 19880732 18513478 127769 76357 127769 76357 X 19752963 18437121 19752963 18437121 19880732 18513478 -1495280 179438 0 X 0 1 X 1 0 X X X 2 MARY WADE HOME INC 060662192 10 1 450000 0 MARY WADE RESIDENCE INC 821367321 10 1 2874000 0 2 3324000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19882905 2201177 3324000 1842928 193019 16724135 25942159 -3319320 2428000 121554 190380 19882905 22601725 4028470 400000 181640 106396 25942159 21597559 1719010 621476 93368 22601725 21582312 599010 481872 101891 21597559 1.00000 0.00000 0.00000 0 0 0 INVESTMENT IN MW HOLDINGS, INC 1000 DUE FROM RELATED PARTY 1475389 INVESTMENT IN FAIR HAVEN, LLC 312954 1789343 DUE TO RELATED PARTY 76357 76357 X PART V, LINE 4: GENERALLY SPEAKING THE BOARD DESIGNATED FUNDS AT MW HEALTHCARE HAVE BEEN USED EXCLUSIVELY FOR CAPITAL ACQUISITIONS AND STRATEGIC INITIATIVES. THE BOARD APPROVED IN FY 2020 TO REIMBURSE THE CURRENT YEAR MANAGEMENT FEES FOR THE CEO AND CFO. UPON THE RECOMMENDATION OF INVESTMENT COMMITTEE, OF THE BOARD OF TRUSTEES APPROVED A ROUTINE 2% SPEND POLICY. PART X, LINE 2: THE COMPANY HAS ADOPTED THE ACCOUNTING INTERPRETATION REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THAT PRESCRIBES HOW AN ENTITY SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE POSITIONS THAT IT HAS TAKEN OR EXPECTS TO TAKE ON ITS TAX OR INFORMATION RETURNS. THE COMPANY ASSESSED THE IMPACT OF THIS INTERPRETATION AND DETERMINED THAT IT DOES NOT HAVE A MATERIAL IMPACT ON ITS CONSOLIDATED FINANCIAL STATEMENTS. AT SEPTEMBER 30, 2023, THE COMPANY BELIEVES THAT NO SUCH ACCRUALS ARE REQUIRED. 1 THE MARY WADE HOME INCORPORATED 118 CLINTON AVENUE NEW HAVEN CT 06513 060662192 501(C)(3) 450000 0 TO SUPPORT THE MARY WADE HOME MARY WADE RESIDENCE INC 138 CLINTON AVENUE NEW HAVEN CT 065133100 821367321 501(C)(3) 2874000 0 TO SUPPORT MARY WADE RESIDENCE, INC. 2 0 PART I, LINE 2: MW HEALTHCARE, INC. PROVIDED GRANTS TO THE MARY WADE HOME AND MARY WADE RESIDENCE. MW HEALTHCARE, INC. IS THE SOLE CORPORATE MEMBER OF AND HAS COMMON BOARD MEMBERS WITH THE GRANTEES. THESE BOARD MEMBERS HAVE FIDUCIARY RESPONSIBILITY AND ARE ABLE TO MONITOR THAT THE GRANTS ARE USED WITHIN THE CHARITABLE EXEMPT PURPOSES OF THE GRANTEES. 0 0 0 0 0 0 0 0 0 DAVID V HUNTER PRESIDENT & CEO 120534 180802 0 0 0 0 12726 19090 7346 11020 140606 210912 0 0 WILLIAM GINTER CFO 39271 117813 0 0 0 0 1240 3719 4508 13523 45019 135055 0 0 PART I, LINE 3 THE CEO IS COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH HIS COMPENSATION: A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. A COMPLETE COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND INQUIRIES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CORPORATE COMPLIANCE OFFICER WHO SENDS OUT CONFLICT OF INTEREST STATEMENTS TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. ANY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE CORPORATE COMPLIANCE COMMITTEE OF THE BOARD OF MANAGERS. CERTAIN RESTRICTIONS ARE PLACED ON PERSONS WITH A CONFLICT. THEY ARE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DISCUSSIONS AND DECISIONS REGARDING THE TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE CEO PREPARES PERFORMANCE EVALUATIONS ON SENIOR STAFF, INCLUDING A SELF EVALUATION. THE PERFORMANCE EVALUATIONS ARE BASED ON DUTIES THAT ARE STATED WITHIN THE JOB DESCRIPTIONS, BENCHMARKS THAT ARE USED IN QUARTERLY DASHBOARD REPORTS (I.E. CENSUS, PAYOR MIX, STAFF TURNOVER, FINANCIAL INDICATORS, ETC.) AND ANNUAL GOALS. THE EVALUATIONS INCLUDE CURRENT ANNUAL SALARY (INCLUDING BONUSES), AND INCREASES THAT ARE RECOMMENDED TO THE COMMITTEE BY THE CEO. THE CEO MEETS WITH THE GOVERNANCE COMMITTEE TO REVIEW PERFORMANCES AND ANSWER QUESTIONS, AND SUBMITS RECOMMENDATIONS FOR SALARY INCREASES, AND/OR REASONS FOR NOT INCREASING SALARIES. THE GOVERNANCE COMMITTEE MEETS SEPARATELY WITHOUT STAFF TO DISCUSS THE EVALUATIONS AND RECOMMENDATIONS. TO ASSIST MANAGEMENT AND MEMBERS OF THE GOVERNANCE COMMITTEE IN PROVIDING A COMPARISON ANALYSIS FOR EACH POSITION, THREE HUMAN RESOURCE WAGE AND BENEFIT RESOURCES ARE UTILIZED, AS LISTED BELOW: 1.) NURSING HOME SALARY & BENEFITS REPORT, 2021-2022, PUBLISHED BY HOSPITAL & HEALTHCARE COMPENSATION SERVICE IN COOPERATION WITH LEADING AGE, PUBLISHED JULY 2022, EFFECTIVE DATE OF DATA: MARCH 2022. 2.) CONTINUING CARE RETIREMENT COMMUNITY SALARY & BENEFITS REPORT2.) CONTINUING CARE RETIREMENT COMMUNITY SALARY & BENEFITS REPORT, 2021-2022, PUBLISHED BY HOSPITAL & HEALTHCARE COMPENSATION SERVICE IN COOPERATION WITH LEADINGAGE, PUBLISHED JULY 2022, EFFECTIVE DATE OF DATA: MARCH 2022. 3.) COMPENSATION & BENEFITS SURVEY, CONDUCTED BY KARDASLARSON, LLC, A HUMAN RESOURCE CONSULTING FIRM HEADQUARTERED IN GLASTONBURY, CT. THIS REPORT WAS SPONSORED BY LEADINGAGE CONNECTICUT AND LEADINGAGE MASSACHUSETTS AND THE SURVEY INCLUDES RESULTS FROM ORGANIZATIONS IN CT AND MA. THE SURVEY WAS PUBLISHED AUGUST 2022. THE ANNUAL PERFORMANCE EVALUATIONS AND RECOMMENDATIONS FOR COMPENSATION PACKAGES (INCLUDING BONUSES) ARE PRESENTED TO THE BOARD OF MANAGERS BY THE GOVERNANCE COMMITTEE IN SPECIAL SESSION. FOLLOWING BOARD ACTION, A REPRESENTATIVE OF THE GOVERNANCE COMMITTEE MEETS WITH THE CEO TO COMMUNICATE THE ACTIONS THAT WERE TAKEN. THE CEO MEETS SEPARATELY WITH SENIOR STAFF MEMBERS TO REVIEW THEIR EVALUATIONS AND COMPENSATION PACKAGE FOR THE COMING YEAR. THE CEO COMPENSATION IS DELIBERATED BY AND THE RESULTING DECISION IS DOCUMENTED BY THE GOVERNANCE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE MARY WADE HOME INC 118 CLINTON AVENUE NEW HAVEN CT 06513 060662192 PROVIDES LONG TERM CARE TO THE FRAIL ELDERLY CT 501(C)(3) LINE 10 MW HEALTHCARE INC 1 MWH HOLDINGS INC 118 CLINTON AVENUE NEW HAVEN CT 06513 611403583 OPERATES AS A TITLE HOLDING CORPORATION FOR A NON-FOR-PROFIT CT 501(C)(2) N/A MW HEALTHCARE INC 1 MARY WADE RESIDENCE INC 138 CLINTON AVENUE NEW HAVEN CT 06513 821367321 OPERATE MEMORY CARE AND ASSISTED LIVING FACILITIES FOR THE FRAIL ELDERLY CT 501(C)(3) LINE 10 MW HEALTHCARE INC 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 THE MARY WADE HOME INC O 193019 COST THE MARY WADE HOME INC B 450000 COST MARY WADE RESIDENCE INC B 2874000 COST FAIR HAVEN PROPERTIES LLC R 128984 COST THE MARY WADE HOME INC D 1399032 COST