2023-08-15T11:58:23-05:00 2022-09-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2021-10-01 821367321 MARY WADE RESIDENCE INC MARY 2035627222 138 CLINTON AVENUE NEW HAVEN CT 06513 DAVID V HUNTER CEO 2035627222 2023-08-14 1 DAVID HUNTER 999009999 LAURA J KENNEY P00202198 6177170831 2023-08-14 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z DAVID V HUNTER 138 CLINTON AVENUE NEW HAVEN CT 06513 3649243 0 X HTTPS://CHATHAMPLACE.ORG X 2017 CT TO PROVIDE THOSE IN NEED WITH HIGH QUALITY ASSISTED LIVING AND MEMORY CARE SERVICES IN ORDER TO MAINTAIN THE RESIDENTS INDIVIDUALITY IN A DIGNIFIED, CARING AND THRIVING SENIOR COMMUNITY. CHATHAM PLACE AT MARY WADE HAS 64 ASSISTED LIVING AND 20 MEMORY CARE MIDDLE MARKET APARTMENTS. 17 17 0 17 0 0 0 2000000 0 1434059 0 0 0 -8984 0 3425075 0 0 0 0 0 2205243 0 0 0 0 2763770 0 4969013 0 -1543938 0 34457731 483614 36485283 -483614 -2027552 CHATHAM PLACE AT MARY WADE(DBA) BEGAN OPERATIONS ON FEBRUARY 1, 2022. THE COMMUNITY WAS 46% OCCUPIED AT SEPTEMBER 30, 2022. 0 0 4402702 1434059 ASSISTED LIVING FACILITY: CHATHAM PLACE AT MARY WADE IS AN 84 UNIT ASSISTED LIVING FACILITY WITH 64 ASSISTED LIVING UNITS AND A SECURE 20 UNIT MEMORY CARE SECTION. IT OPENED FEBRUARY 1, 2022 SO THIS ACTIVITY IS FOR AN 8 MONTH PARTIAL FISCAL YEAR DURING THE RAMP-UP PHASE. 4402702 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X WILLIAM GINTER 2036727817 118 CLINTON AVENUE NEW HAVEN CT 06513 JOANNE MCGLOIN CHAIR 0.20 3.80 X 0 0 0 BRUCE TOPOLOSKY VICE CHAIR 0.20 1.80 X 0 0 0 BARBARA C ADAMS TREASURER 0.20 1.80 X 0 0 0 JACQUELINE HENCHEL MD SECRETARY 0.20 1.80 X 0 0 0 PATRICIA A GANUN TRUSTEE 0.20 1.80 X 0 0 0 BERNADETTE DIGUILIAN TRUSTEE 0.20 1.80 X 0 0 0 ALFRED GOLDBERG TRUSTEE 0.20 0.80 X 0 0 0 MARYBETH CANAVAN TRUSTEE 0.20 1.80 X 0 0 0 HAROLD S SPITZER TRUSTEE 0.20 1.80 X 0 0 0 ROBERT KESSLER TRUSTEE 0.20 1.80 X 0 0 0 BRANDON MCFARLANE TRUSTEE 0.20 0.80 X 0 0 0 NICHOLAS R NICHOLSON JR PHD TRUSTEE 0.20 0.80 X 0 0 0 MICHELLE LEE RODRIGUEZ TRUSTEE 0.20 0.80 X 0 0 0 PAMELA STANTON TRUSTEE 0.20 0.80 X 0 0 0 BRIAN WNEK TRUSTEE 0.20 1.80 X 0 0 0 LEN SUZIO TRUSTEE 0.20 0.80 X 0 0 0 STEVE WOLFSON MD TRUSTEE 0.20 0.80 X 0 0 0 DAVID HUNTER PRESIDENT & CEO 2.00 38.00 X 0 284594 53339 WILLIAM GINTER CFO 2.00 38.00 X 0 147816 27273 0 432410 80612 0 0 1 0 0 2000000 2000000 ASSISTED LIVING 623000 1434059 1434059 1434059 115178 224168 -108990 -108990 -108990 ENERGY REBATES 990009 100006 100006 100006 3425075 1434059 0 -8984 1827936 1693419 134517 25054 23210 1844 218213 202155 16058 134040 124176 9864 48978 48978 6258 6258 56761 56761 45665 17655 28010 41596 20798 20798 169676 169676 689 689 1081200 1081200 710998 710998 81418 81418 PATIENT CARE 206419 206419 CONSULT. & PUR. SERVICE 133351 71578 61773 180761 180761 4969013 4402702 566311 0 86260 35401744 1595172 0 33806572 0 564899 0 34457731 50490 131420 116707 433124 36237156 483614 36485283 X -483614 -2027552 -483614 -2027552 0 34457731 -1543938 0 X 0 1 X 1 0 X 2000000 2000000 1434059 1434059 3434059 3434059 0 0 0 3434059 115178 115178 115178 115178 100006 100006 3649243 3649243 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: ENERGY REBATES - 2021 AMOUNT: $ 100,006. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3061084 3061084 27619337 773368 26845969 1394046 1394046 1439276 1439276 1888001 821804 1066197 33806572 LINE OF CREDIT 1000000 INTERCOMPANY/OBLIGATED GROUP DEBT 35237156 36237156 X 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, 2022, THE COMPANY BELIEVES THAT NO SUCH ACCRUALS ARE REQUIRED. 0 0 0 0 0 0 0 0 0 DAVID HUNTER PRESIDENT & CEO 0 284594 0 0 0 0 0 30100 0 23239 0 337933 0 0 WILLIAM GINTER CFO 0 137816 0 10000 0 0 0 4421 0 22852 0 175089 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 IV, LINE 24A: THE MARY WADE HOME INCORPORATED, MW HEALTHCARE, INC. AND MARY WADE RESIDENCE, INC. ARE THE OBLIGATED GROUP FOR TAX-EXEMPT BOND FINANCING. FORM 990, PART VI, SECTION A, LINE 2 OFFICERS DAVID HUNTER AND WILLIAM GINTER HAVE A BUSINESS RELATIONSHIP WITH ALL OF THE BOARD MEMBERS BECAUSE HUNTER AND GINTER ARE EMPLOYED BY RELATED ORGANIZATIONS ON WHICH GOVERNING BOARDS THE BOARD MEMBERS ALSO SERVE. FORM 990, PART VI, SECTION A, LINE 6 MW HEALTHCARE, INC. IS THE SOLE MEMBER OF MARY WADE RESIDENCE, INC. AND IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER, MW HEALTHCARE, INC. ELECTS THE BOARD OF DIRECTORS FOR THE UPCOMING YEAR. THIS IS DONE AT THE ANNUAL MEETING OF THE BOARD OF MANAGERS OF MW HEALTHCARE, INC. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER, MW HEALTHCARE, INC., HAS THE RIGHT TO VOTE ON ALL MATTERS UPON WHICH MEMBERS OF A CONNECTICUT STOCK CORPORATION ARE AFFORDED THE RIGHT TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT AND THEN REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF MANAGERS. THE FINANCE COMMITTEE THEN REPORTS TO THE FULL BOARD. A COMPLETE COPY IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S PARENT 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 LEADINGAGE, PUBLISHED JULY 2022, EFFECTIVE DATE OF DATA: MARCH 2022. 2.) 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. THIS COMPENSATION IS PAID BY A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 AT THIS TIME, THE ORGANIZATION HAS NOT HAD ANY REQUEST TO REVIEW THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS. HOWEVER, THIS INFORMATION IS AVAILABLE UPON REQUEST. MW HEALTHCARE INC 118 CLINTON AVENUE NEW HAVEN CT 06513 270268085 OPERATES FOR THE BENEFIT OF THE MARY WADE HOME, INC. AND RESIDENCE CT 501(C)(3) LINE 12B, TYPE II N/A 0 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 TITLE HOLDING CORPORATION FOR A NON-FOR-PROFIT CORPORATION CT 501(C)(2) N/A MW HEALTHCARE INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 THE MARY WADE HOME INC S 33806572 COST