2022-05-10T13:24:34-05:00 2021-06-30 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2020-07-01 223042122 LASELL VILLAGE INC LASE 6176637000 120 SEMINARY AVE AUBURNDALE MA 02466 DEREK PINTO VP FOR FINANCE & ADMIN 6176637000 2022-05-02 1 DEREK PINTO 999009999 CRAIG KLEIN P00734640 6177610600 2022-05-02 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL B ALEXANDER 120 SEMINARY AVE AUBURNDALE MA 02466 25508343 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. 13 13 237 20 0 0 8900 17326 18923338 19047247 1609725 2455443 541918 262134 21083881 21782150 0 0 0 0 8233840 7806417 0 0 0 14506930 15346596 22740770 23153013 -1656889 -1370863 93643907 102869314 125894933 128493628 -32251026 -25624314 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 19463151 0 19047247 LASELL VILLAGE IS A PREMIER LIFE PLAN COMMUNITY THAT INTEGRATES A UNIQUE EDUCATIONAL EXPERIENCE WITH QUALITY SERVICES AND CARE. THE PRESIDING PHILOSOPHY OF EDUCATION AT LASELL IS THAT LEARNING IS A WAY OF BEING AN APPROACH TO LIVING THROUGH WHICH RESIDENTS PURSUE INTERESTS AND ENGAGE IN NEW EXPERIENCES THAT ENRICH THEIR LIVES. LASELL VILLAGE IS A VIBRANT LIFE PLAN COMMUNITY AND HOME TO APPROXIMATELY 265 RESIDENTS IN NEWTON, MASSACHUSETTS WHERE RESIDENTS ARE REQUIRED TO PARTICIPATE IN 450 HOURS OF LEARNING AND ENGAGEMENT EACH YEAR. LOCATED ON THE CAMPUS OF LASELL UNIVERSITY, IT COMBINES HOUSING, HEALTHCARE, HIGHER EDUCATION AND HOSPITALITY ON A MULTI-GENERATIONAL CAMPUS. IT OFFERS AN ARRAY OF LIFESTYLE AND HEALTH CARE SERVICES, COMBINING THE ELEMENTS OF LIFELONG LEARNING, SUPPORT SERVICES AND LONG-TERM CARE. 19463151 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 41 0 1 237 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 1 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 0.00 X X 0 0 0 MARGERY SILVER CHAIR (UNTIL 4/2021) 2.00 0.00 X X 0 0 0 JEFFREY AUGUSTINE TREASURER 2.00 0.00 X X 0 0 0 SUSAN HAAS CLERK 1.00 0.00 X X 0 0 0 DEBORAH A DACCORD DIRECTOR 1.00 0.00 X 0 0 0 GERRY DEROCHE 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 FRED PRYOR 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 CYNTHIA DEMBER RESIDENT TRUSTEE (UNTIL SEPT. 2020) 1.00 0.00 X 0 0 0 ANNE E DOYLE PRESIDENT - LASELL VILLAGE 40.00 10.00 X 0 288043 11497 BASIL STEWART UNTIL JUNE 2021 VP ADMIN & FINAN, LASELL UNIVERSITY 10.00 40.00 X 0 220339 31964 MICHAEL ALEXANDER PRESIDENT - LASELL UNIVERSITY 10.00 40.00 X 0 393398 161307 NANCY SNOW ASSISTANT CLERK 40.00 0.00 X 0 54896 13849 ALESSANDRO VIANELLO DIRECTOR OF FINANCE 40.00 0.00 X 154742 0 27314 EDNY PASCAL RN 40.00 0.00 X 146086 0 4094 ELIZABETH IHENACHO RN SUPERVISOR 40.00 0.00 X 142359 0 32164 CHERYL SACKS DIRECTOR OF MARKETING 40.00 0.00 X 133409 0 32159 KARLINE MICHEL SNF UNIT MANAGER (UNTIL 1/28/21) 40.00 0.00 X 120357 0 13711 696953 956676 328059 12 0 1 0 LASELL UNIVERSITY 1844 COMMONWEALTH AVE NEWTON MA 02466 MANAGEMENT CONTRACT 2437505 COMMODORE BUILDERS 404 WYMAN ST SUITE 400 WALTHAM MA 02451 CONSTRUCTION MANAGEMENT 1634472 GENESIS REHABILITATION SERVICES PO BOX 821322 PHILADELPHIA PA 19182 REHAB FOR SKILLED NURSING UNIT 461376 GENESIS ELDERCARE 101 EAST STATE ST 3RD FLOOR KENNETT SQUARE PA 19348 SKILLED NURSING MGMT. CONTRACT 287295 4 17326 5825 17326 RESIDENTIAL FEES 623000 13284149 13284149 SKILLED NURSING 623000 3766053 3766053 EARNED ENTRANCE FEE 623000 1259945 1259945 SUPPORTED LIVING UNIT FEES 623000 737100 737100 19047247 1595566 1595566 4586070 3726193 859877 859877 859877 OTHER INCOME 900099 262134 262134 262134 21782150 19047247 0 2717577 327472 327472 5859016 5007315 851701 222590 190233 32357 969932 828937 140995 427407 340707 86700 809447 809447 162212 162212 104554 104554 495511 479970 15541 22187 22187 164152 22106 142046 243684 196376 47308 3950347 3785196 165151 2294 50 2244 705709 657580 48129 5660684 5274629 386055 273704 255038 18666 MEDICAL SERVICES & EXP. 971567 797939 173628 REAL ESTATE TAXES 759493 707696 51797 FACILITIES MAINT. CONT. 651944 607482 44462 LAND LEASE 205840 191802 14038 163267 120095 43172 23153013 19463151 3689862 0 8303439 9134308 1303864 0 2489361 2829730 680580 700520 1518111 1576058 89523406 49489375 40135607 40034031 38880208 48220604 332737 374063 93643907 102869314 1498728 2668484 1205544 1341864 14587367 13987737 108603294 110495543 125894933 128493628 X -32371763 -25762377 120737 138063 -32251026 -25624314 93643907 102869314 X -1370863 6961848 1035727 X 0 1 X 1 0 X 13228 12271 24600 8900 17326 76325 18208430 18302013 18737069 18923338 19047247 93218097 18221658 18314284 18761669 18932238 19064573 93294422 310478 124418 129100 134356 121813 820165 0 310478 124418 129100 134356 121813 820165 92474257 746949 860934 1261111 1329703 1595566 5794263 746949 860934 1261111 1329703 1595566 5794263 173267 212252 313039 541918 262134 1502610 19141874 19387470 20335819 20803859 20922273 100591295 0.91930 0.92480 0.05760 0.05090 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 173,267. 2017 AMOUNT: $ 212,252. 2018 AMOUNT: $ 313,039. 2019 AMOUNT: $ 541,918. 2020 AMOUNT: $ 262,134. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 120737 17240 86 138063 111837 8207 693 120737 87237 23431 1169 111837 74967 12178 92 87237 71574 3386 7 74967 1.00000 0.00000 0.00000 0 0 73691169 43789317 29901852 15832237 5700058 10132179 40034031 REFUNDABLE DEPOSITS & INTEREST 236000 DEFERRED ENTRANCE FEES 6551352 REFUNDABLE ENTRANCE FEES 100577110 FAIR VALUE OF INTEREST SWAP 3131081 110495543 X 29703184 6961848 1035727 7997575 21705609 76541 76541 21782150 23076472 0 23076472 76541 76541 23153013 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 1,035,727. X X 0 1 0 0 0 0 0 1 0 MICHAEL ALEXANDER PRESIDENT - LASELL UNIVERSITY 0 376117 0 0 0 17281 0 132692 0 28615 0 554705 0 0 ANNE E DOYLE PRESIDENT - LASELL VILLAGE 0 232339 0 55000 0 704 0 9439 0 2058 0 299540 0 0 BASIL STEWART UNTIL JUNE 2021 VP ADMIN & FINAN, LASELL UNIVERSITY 0 219909 0 0 0 430 0 0 0 31964 0 252303 0 0 ALESSANDRO VIANELLO DIRECTOR OF FINANCE 150722 0 3700 0 320 0 876 0 26438 0 182056 0 0 0 ELIZABETH IHENACHO RN SUPERVISOR 141269 0 250 0 840 0 5274 0 26890 0 174523 0 0 0 CHERYL SACKS DIRECTOR OF MARKETING 121616 0 10700 0 1093 0 9121 0 23038 0 165568 0 0 0 EDNY PASCAL RN 143249 0 2450 0 387 0 4094 0 0 0 150180 0 0 0 PART I, LINE 4B DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2020 THE COLLEGE OFFERED RETIREMENT PLANS PURSUANT TO SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR CERTAIN EMPLOYEES, AS FOLLOWS: MICHAEL ALEXANDER, $100,000. 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 3773000 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: 06/30/2017 X 13 5825 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 THE MEETING HELD ON APRIL 14, 2022 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 VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC KARLINE MICHEL - 50 MAYNARD STREET, APT. 235, ATTLEBORO, MA 02703. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTERST RATE SWAP 1,035,727. 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 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 NA