2022-10-04T14:39:49-05:00 2021-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2021-01-01 050262584 SCANDINAVIAN HOME INC SCAN 4014611433 1811 BROAD STREET CRANSTON RI 02905 COLETTE SILVERMAN EXECUTIVE DIRECTOR 4014611433 2022-10-03 1 COLETTE SILVERMAN 999009999 MICHAEL E CRISCIONE P01456801 4014214800 2022-10-03 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SCANDINAVIAN COMMUNITIES COLETTE SILVERMAN 1811 BROAD STREET CRANSTON RI 02905 12591005 0 X WWW.SCANDINAVIANCOMMUNITIES.ORG X 1930 RI TO PROVIDE A CONTINUUM OF EXCELLENT, COMPASSIONATE AND INNOVATIVE CARE TO ENABLE THOSE WE SERVE TO ATTAIN OPTIMAL WELLNESS AND QUALITY OF LIFE. 13 13 191 12 0 0 294420 1975195 8480856 7922678 191099 974285 228848 574237 9195223 11446395 0 0 0 0 6346303 5854965 0 0 0 3978847 4377002 10325150 10231967 -1129927 1214428 16252030 16033569 6284444 4532315 9967586 11501254 SCANDINAVIAN HOME, INC. OPERATES A 74 BED NURSING FACILITY AND A 35 UNIT ASSISTED LIVING FACILITY ADJACENT TO EACH OTHER. 0 0 6945933 6271207 SCANDINAVIAN HOME, INC. OPERATES A 74 BED NURSING FACILITY. 1614673 1651471 SCANDINAVIAN HOME, INC. OPERATES A 35 UNIT ASSISTED LIVING FACILITY. 8560606 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 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 0 0 1 0 0 0 1 7 0 1 191 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X COLETTE SILVERMAN 4014611433 1811 BROAD STREET CRANSTON RI 02905 LEIF RESLOW PRESIDENT 4.00 X X 0 0 0 PAUL SWANSON VICE PRESIDENT 1.00 X X 0 0 0 THOMAS C PEARSON TREASURER 1.00 X X 0 0 0 MARGARET MOCK SECRETARY 1.00 X X 0 0 0 JULIE CARROCCIA DIRECTOR 1.00 X 0 0 0 WAYNE KEZIRIAN DIRECTOR 1.00 X 0 0 0 JEAN LARKIN DIRECTOR 1.00 X 0 0 0 RONALD S OHSBERG DIRECTOR 1.00 X 0 0 0 PAUL CALITRI DIRECTOR 1.00 X 0 0 0 ALLEN R WATERS DIRECTOR 1.00 X 0 0 0 KATHERINE DESIMONE DIRECTOR 1.00 X 0 0 0 PATRICIA A THOMAS DIRECTOR 1.00 X 0 0 0 DONALD C FORSTER DIRECTOR THRU 5/21 1.00 X 0 0 0 JOEL G JOHNSON DIRECTOR THRU 5/21 1.00 X 0 0 0 ANDREW G NAULT DIRECTOR THRU 5/21 1.00 X 0 0 0 DANIEL HUGHES DIRECTOR OF FINANCE THRU 7/2021 40.00 X 63060 0 13310 COLETTE SILVERMAN EXECUTIVE DIRECTOR 40.00 X 138620 0 4329 TAIWO SODIPO KUFORIJI NURSING HOME ADMIN. THRU 9/2021 40.00 X 113442 0 21901 SUZANNE CESANA NURSING HOME ADMIN. AS OF 9/2021 40.00 X 106118 0 9025 421240 0 48565 3 0 0 0 UNIDINE 3 INTERNATIONAL DR 200 RYE BROOK NY 10573 DIETARY SERVICES 616921 CARELINK 400 MASSASOIT AVE STE 113 EAST PROVIDENCE RI 02914 THERAPY SERVICES 244525 MAS MEDICAL STAFFING 16 BROWN STREET NORTH PROVIDENCE RI 02904 PURCHASED NURSING SERVICES 240238 HEALTHCARE SERVICE GROUP 27 MERIDEN AVE 2ND FLOOR SOUTHINGTON CT 06489 HOUSEKEEPING SERVICES 215283 PHARMERICA 805 N WHITTINGTON PKWY LOUISVILLE KY 40222 PHARMACY SERVICES 128431 5 1832431 142764 1975195 NURSING HOME 623000 6271207 6271207 ASSISTED LIVING 623000 1651471 1651471 7922678 142336 142336 1976559 1144610 831949 831949 831949 PROFIT ON EQUITY INVESTMENT 900099 516108 516108 MISCELLANEOUS 900099 58129 58129 574237 11446395 8496915 0 974285 469805 469805 4244928 3958031 286897 68620 57607 11013 679667 570582 109085 391945 329039 62906 4260 4260 51015 51015 119042 119042 35873 35873 136151 136151 58556 58556 781827 781827 8747 8747 709 709 154832 154832 496013 496013 135477 135477 PURCHASED SERVICES/SUPP 1288777 1288777 FOOD 398003 398003 PROVIDER ASSESSMENT 336704 336704 BAD DEBTS 274237 274237 96779 44967 51812 10231967 8560606 1671361 0 888201 941100 1219411 795580 100107 115941 17296134 13076508 4641437 4219626 8719503 8761843 683371 1199479 16252030 16033569 1052036 1152018 3403032 3281527 1167442 661934 98770 6284444 4532315 X 9868446 11420963 99140 80291 9967586 11501254 16252030 16033569 1214428 319240 0 X X 0 1 X 1 0 X 220192 164101 440036 169348 1975159 2968836 8777120 8888904 9066775 8480856 7922678 43136333 8997312 9053005 9506811 8650204 9897837 46105169 0 0 0 46105169 172707 178687 174148 146479 142336 814357 172707 178687 174148 146479 142336 814357 318873 -27894 360462 228848 574237 1454526 9488892 9203798 10041421 9025531 10614410 48374052 0.95310 0.95400 0.01680 0.01790 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2017 AMOUNT: $ 123,081. 2018 AMOUNT: $ 35,387. 2019 AMOUNT: $ 35,004. 2020 AMOUNT: $ 80,673. 2021 AMOUNT: $ 58,129. PROFIT LOSS ON EQUITY INVESTMENT - 2017 AMOUNT: $ 183,070. 2018 AMOUNT: $ -72,356. 2019 AMOUNT: $ 326,479. 2020 AMOUNT: $ 148,175. 2021 AMOUNT: $ 516,108. FUNDRAISING EVENTS - 2017 AMOUNT: $ 12,722. 2018 AMOUNT: $ 9,075. 2019 AMOUNT: $ -1,021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8719503 565 1242012 1200237 8761843 8277936 5657 1052369 616459 8719503 7820405 196026 1449676 1188171 8277936 8329510 -274105 235000 7820405 7433064 628 1115818 220000 8329510 1.00000 0 0 321818 321818 4604462 4543855 60607 9165756 5806936 3358820 3067211 2588846 478365 136887 136871 16 4219626 INVESTMENT IN JOINT VENTURE 1199479 1199479 CONTINGENT GRANTS (UNEARNED CARES ACT FUNDS) 98770 98770 X 11695964 319240 -18656 300584 11395380 51015 51015 11446395 10162296 0 10162296 51015 18656 69671 10231967 PART V, LINE 4: THE ENDOWMENT FUND IS TO BE USED AS SEED MONEY FOR NEW VENTURES, BUILDING RENOVATIONS AND TO SUPPLEMENT OPERATIONS. PART X, LINE 2: NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS SINCE THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS PROVIDED UNDER THE INTERNAL REVENUE CODE SECTION 501 (C)(3). THE INTERNAL REVENUE SERVICE HAS CLASSIFIED IT AS AN ORGANIZATION WHICH IS A PUBLIC CHARITY. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF INTEREST EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: MEMBERSHIP FEE EXPENSE -18,656. PART XII, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP FEE EXPENSE 18,656. A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 521300173 2013-04-01 5000000 CAPITAL INVESTMENT AND REFINANCE EXISTING DEBT 0 0 0 A 743717 4069033 61366 3453026 554641 2014 0 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3, PROCEEDS: TOTAL PROCEEDS OF ISSUE DO NOT MATCH THE ISSUE PRICE IN PART I DUE TO THE FUNDS BEING HELD BY RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP, AND HAVE NOT BEEN RELEASED TO SCANDINAVIAN HOME. FORM 990, PART VI, SECTION A, LINE 6 SCANDINAVIAN HOME IS ORGANIZED AS A NONPROFIT, NONSTOCK CORPORATION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ARE REFERRED TO AS 'FRIENDS OF THE CORPORATION', AND THEY ELECT ALL PERSONS ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE 'FRIENDS OF THE CORPORATION' MUST APPROVE ALL CHANGES TO THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND IS REVIEWED IN DETAIL AT ONE OF THE BOARD OF DIRECTORS' MEETINGS PRIOR TO THE FORM BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES INDIVIDUALS TO COMPLETE AND SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, AND REQUIRES MEMBERS OF THE BOARD TO RECUSE THEMSELVES IN ANY DISCUSSIONS AND VOTES ON ITEMS THAT MAY PRESENT A CONFLICT. IN ANY CASE WHERE A KEY STAFF MEMBER MAY HAVE A CONFLICT, THE ORGANIZATION REQUIRES MULTIPLE BIDS EVALUATED BY A SUPERVISOR OR THE BOARD OF DIRECTORS TO CONDUCT SUCH BUSINESS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS PART OF THE ORGANIZATION'S OVERALL BUDGET THAT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, AND IS SEPARATELY APPROVED BY THE FINANCE COMMITTEE AND DULY NOTED IN THE ORGANIZATION'S MINUTES, THE EXECUTIVE DIRECTOR RECEIVES AN ANNUAL EVALUATION, INCLUDING COMPENSATION REVIEW, FROM THE ORGANIZATION'S EXECUTIVE COMMITTEE. ALL COMPENSATION FOR KEY EMPLOYEES IS APPROVED BY THE EXECUTIVE DIRECTOR AND INCLUDED IN THE OPERATING BUDGET THAT IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE COMPENSATION IS REVIEWED AND APPROVED USING DATA AS COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE ANNUAL AUDIT. OCEAN STATE ASSISTED LIVING DBA THE SEASONS 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 050510787 ASSISTED LIVING FACILITY RI 501(C)(3) LINE 10 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 OCEAN STATE ASSISTED LIVING DBA THE SEASONS D 1000000 ACTUAL AMOUNT OF GUARANTEE OCEAN STATE ASSISTED LIVING DBA THE SEASONS Q 16064 ACTUAL AMOUNT OF EXPENSE