2021-04-27T14:34:15-05:00 2020-06-30 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2019-07-01 223042122 LASELL VILLAGE INC LASE 6176637000 120 SEMINARY AVE AUBURNDALE MA 02466 BASIL A STEWART VP FOR FINANCE & ADMIN/CFO 6176637000 2021-04-14 1 CRAIG KLEIN P00734640 6177610600 2021-04-14 2019 2022-09-23 18:48:47Z MICHAEL B ALEXANDER 120 SEMINARY AVE AUBURNDALE MA 02466 26624636 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. 11 11 308 20 0 0 24600 8900 18737069 18923338 10113471 1609725 313039 541918 29188179 21083881 0 0 0 0 8000245 8233840 0 0 0 13720513 14506930 21720758 22740770 7467421 -1656889 90758889 93643907 120989340 125894933 -30230451 -32251026 X LASELL VILLAGE, SPONSORED BY LASELL UNIVERSITY, IS HOME TO SOME 205 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 19384923 18923338 LASELL VILLAGE OPERATES A CONTINUING CARE RETIREMENT COMMUNITY AND PROVIDES, IN COOPERATION WITH LASELL UNIVERSITY, RESIDENTIAL AND NON-RESIDENTIAL EDUCATION PROGRAMS FOR ELDERLY PERSONS. THROUGH INTERGENERATIONAL LEARNING ACTIVITIES WITH THE FACULTY AND STUDENTS OF LASELL UNIVERSITY AND PROGRAMS SPONSORED BY THE ON-SITE ROSEMARY B. FUSS CENTER FOR RESEARCH ON AGING AND INTERGENERATIONAL STUDIES, LASELL VILLAGE DISSEMINATES CURRENT AND BROAD-BASED INFORMATION ABOUT AGING AND FACTORS THAT CONTRIBUTE TO WELL-BEING IN LATER LIFE. LASELL VILLAGE SPONSORS AND PARTNERS IN RESEARCH WITH OTHER EDUCATIONAL AND RESEARCH INSTITUTIONS REGARDING THE COGNITIVE, EMOTIONAL, PHYSICAL NEEDS AND CAPABILITIES OF THE ELDERLY AND THE VALUE OF CONTINUED LEARNING IN LATER LIFE.NUMBER OF RESIDENTS ENROLLED PER SEMESTER AND THE NUMBER OF COURSES OFFERED:FALL 2019: 190 RESIDENTS ENROLLED IN 23 COURSESSPRING 2020: 189 RESIDENTS ENROLLED IN 15 COURSESSUMMER 2020: 156 RESIDENTS ENROLLED IN 10 COURSESLOWER NUMBER OF COURSES THAN PRIOR YEARS DUE TO COVID PANDEMIC. 19384923 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 0 0 0 0 1 0 0 0 1 54 0 1 308 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X ALESSANDRO VIANELLO 6176637003 120 SEMINARY AVE AUBURNDALE MA 02466 MARGERY SILVER CHAIR 2.00 0.00 X X 0 0 0 JEFFREY AUGUSTINE TREASURER 2.00 0.00 X X 0 0 0 SUSAN HASS CLERK 1.00 0.00 X X 0 0 0 DR JOEL BAUMAN DIRECTOR 1.00 0.00 X 0 0 0 DEBORAH A DACCORD DIRECTOR 1.00 0.00 X 0 0 0 CYNTHIA DEMBER VILLAGE TRUSTEE 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 DEBORAH ESTABROOK DIRECTOR (UNTIL 4/20) 1.00 0.00 X 0 0 0 GERALD POLCARI DIRECTOR (UNTIL 12/19) 1.00 0.00 X 0 0 0 FRED PRYOR DIRECTOR 1.00 0.00 X 0 0 0 KATHY SWARTZ DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY SIMON DIRECTOR 1.00 0.00 X 0 0 0 ANNE E DOYLE PRESIDENT - LASELL VILLAGE 40.00 10.00 X 0 254931 19152 BASIL STEWART VP ADMIN. & FINAN. LASELL UNIVERSITY 10.00 40.00 X 0 60564 12281 MICHAEL ALEXANDER PRESIDENT, LASELL UNIVERSITY 10.00 40.00 X 0 690074 213154 NANCY SNOW ASSISTANT CLERK 40.00 0.00 X 0 50349 12054 ELIZABETH IHENACHO RN SUPERVISOR 40.00 0.00 X 158485 0 30899 RUTH BUTTA RN 40.00 0.00 X 130023 0 18034 CHERYL SACKS DIRECTOR OF MARKETING 40.00 0.00 X 111848 0 30367 EDITH EBOZUE RN 40.00 0.00 X 118611 0 6944 ASTRID ESPADY RN 40.00 0.00 X 117303 0 19515 636270 1055918 362400 9 0 1 0 LASELL UNIVERSITY 1844 COMMONWEALTH AVE NEWTON MA 02466 MANAGEMENT CONTRACT 2206779 COMMODORE BUILDERS 404 WYMAN ST SUITE 400 WALTHAM MA 02451 CONSTRUCTION MANAGEMENT 940673 GENESIS REHABILITATION SERVICES PO BOX 821322 PHILADELPHIA PA 19182 REHAB FOR SKILLED NURSING UNIT 552993 GENESIS ELDERCARE 101 EAST STATE ST 3RD FLOOR KENNETT SQUARE PA 19348 SKILLED NURSING MGMT. CONTRACT 343674 CBIZ MHM LLC 500 BOYLSTON ST BOSTON MA 02116 AUDIT/TAX SERVICES 113873 5 8900 8900 RESIDENTIAL FEES 623000 12867221 12867221 SKILLED NURSING 623000 4003913 4003913 EARNED ENTRANCE FEE 623000 1204459 1204459 SUPPORTED LIVING UNIT FEES 623000 847745 847745 18923338 1329703 1329703 5820777 5540755 280022 280022 280022 OTHER INCOME 900099 541918 541918 541918 21083881 18923338 0 2151643 321836 321836 6336431 5601972 734459 215371 190407 24964 896148 792275 103873 464054 407868 56186 810241 810241 163563 163563 17201 17201 1333059 1184285 148774 43439 43439 235074 67780 167294 277380 213692 63688 3716133 3573830 142303 9223 9223 16010 1092 14918 749168 698075 51093 5385528 5018238 367290 229295 213657 15638 REAL ESTATE TAXES 738598 688226 50372 FACILITIES MAINT. CONT. 519864 484410 35454 LAND LEASE 205840 191802 14038 RESIDENT ACTIVITIES 57314 57314 22740770 19384923 3355847 0 6087644 8303439 2121 1303864 2606430 2489361 472230 680580 1585228 1518111 85861217 45725610 41808920 40135607 36612728 38880208 1297751 0 285837 332737 90758889 93643907 2501475 1498728 1211098 1205544 15161997 14587367 102114770 108603294 120989340 125894933 X -30342288 -32371763 111837 120737 -30230451 -32251026 90758889 93643907 X -1656889 672105 -1035791 X 0 1 X 1 0 X 2322 13228 12271 24600 8900 61321 17566902 18208430 18302013 18737069 18923338 91737752 17569224 18221658 18314284 18761669 18932238 91799073 304605 310478 124418 129100 134356 1002957 0 304605 310478 124418 129100 134356 1002957 90796116 796476 746949 860934 1261111 1329703 4995173 796476 746949 860934 1261111 1329703 4995173 147925 173267 212252 313039 541918 1388401 18513625 19141874 19387470 20335819 20803859 98182647 0.92480 0.93100 0.05090 0.04670 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 147,925. 2016 AMOUNT: $ 173,267. 2017 AMOUNT: $ 212,252. 2018 AMOUNT: $ 313,039. 2019 AMOUNT: $ 541,918. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111837 8207 693 120737 87237 23431 1169 111837 74967 12178 92 87237 71574 3386 7 74967 69245 2322 7 71574 1.00000 0.00000 0.00000 0 0 73274483 40670642 32603841 12586734 5054968 7531766 40135607 REFUNDABLE DEPOSITS & INTEREST 212000 DEFERRED ENTRANCE FEES 6213399 REFUNDABLE ENTRANCE FEES 97842454 FAIR VALUE OF INTEREST SWAP 4166808 DUE TO AFFILIATES 168633 108603294 X 20720195 672105 -1035791 -363686 21083881 0 21083881 22740770 0 22740770 0 22740770 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 -1,035,791. X X 0 1 0 0 0 0 0 1 0 ANNE E DOYLE PRESIDENT - LASELL VILLAGE 0 229415 0 25000 0 516 0 17335 0 1817 0 274083 0 0 MICHAEL ALEXANDER PRESIDENT, LASELL UNIVERSITY 0 387307 0 0 0 302767 0 187604 0 25550 0 903228 0 240000 ELIZABETH IHENACHO RN SUPERVISOR 157725 0 0 0 760 0 5482 0 25417 0 189384 0 0 0 PART I, LINE 4B DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2019 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 UNIVSERITY/CEO LASELL VILLAGE. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2014-06-19 17906000 REFINANCE 2007 BONDS. 0 0 0 A 3164000 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 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 8, 2021 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 XI, LINE 9: CHANGE IN FAIR VALUE OF INTERST RATE SWAP -1,035,791. 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 0 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0 NA