2021-11-01T08:26:13-05:00 2020-12-31 222428965 CITRIN COOPERMAN & COMPANY LLP 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2020-01-01 050258880 STEERE HOUSE NURSING & REHABILITATION CENTER STEE 4014547970 100 BORDEN STREET PROVIDENCE RI 02903 JULIE H RICHARD EXECUTIVE DIRECTOR 4014547970 2021-10-27 1 JULIE RICHARD 999009999 MICHAEL E CRISCIONE P01456801 4014214800 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JULIE H RICHARD 100 BORDEN STREET PROVIDENCE RI 02903 15915364 0 X WWW.STEEREHOUSE.ORG X 1874 RI THE MISSION OF STEERE HOUSE NURSING & REHABILITATION CENTER IS TO SERVE ADULTS WHO REQUIRE SKILLED, RESTORATIVE AND LONG-TERM CARE SERVICES WITHIN A SECURE AND CARING ENVIRONMENT. THE CENTER ALSO PROVIDES EDUCATIONAL AND RESEARCH EXPERIENCES THAT ENHANCE THE CARE OF THOSE WE SERVE. 11 11 179 0 0 0 619460 1513569 11546876 9870919 2532678 2047743 26380 34956 14725394 13467187 0 0 0 0 6902705 6924254 0 0 0 6330050 6432663 13232755 13356917 1492639 110270 24629414 24491092 5737515 5372825 18891899 19118267 X THE MISSION OF STEERE HOUSE NURSING & REHABILITATION CENTER ("THE CENTER") IS TO SERVE ADULTS WHO REQUIRE SKILLED, RESTORATIVE AND LONG-TERM CARE SERVICES WITHIN A SECURE AND CARING ENVIRONMENT. THE CENTER ALSO PROVIDES EDUCATIONAL AND RESEARCH EXPERIENCES THAT ENHANCE THE CARE OF THOSE WE SERVE. 0 0 11269630 9905875 PROVIDES REHABILITATIVE, SKILLED, TRANSITIONAL NURSING CARE. ALSO PROVIDES LONG-TERM SUPPORT AND CARE TO THOSE WITH ALZHEIMERS AND MEMORY LOSS. 11269630 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 25 0 1 179 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JULIE H RICHARD 4014547970 100 BORDEN STREET PROVIDENCE RI 02903 LINDA M CANNISTRA BOARD PRESIDENT 2.50 0.50 X X 0 0 0 PAUL S ASTPHAN BOARD VICE PRESIDENT 1.00 0.50 X X 0 0 0 NORMA J OWENS BOARD TREASURER 2.00 0.50 X X 0 0 0 DIANE STEERE NOBLES BOARD SECRETARY 1.00 0.50 X X 0 0 0 TIMOTHY J REINER BOARD MEMBER 0.50 X 0 0 0 DAVID DOSA MD BOARD MEMBER 0.50 X 0 0 0 JONATHAN L CABOT BOARD MEMBER 0.50 X 0 0 0 CAROL C MCMAHON BOARD MEMBER 0.50 0.50 X 0 0 0 CAROL YARNEL BOARD MEMBER 0.50 X 0 0 0 DEBRA PAGE-TRIM BOARD MEMBER 0.50 X 0 0 0 ANDREW C SPACONE BOARD MEMBER 1.00 X 0 0 0 DIANNE BOURGET DIRECTOR OF FINANCE 39.50 0.50 X 119553 0 11577 JULIE H RICHARD ADMINISTRATOR 39.50 0.50 X 163853 0 7478 NICOLE PLANTE DIRECTOR OF NURSING 40.00 X 122611 0 7997 DEBORAH YASICK SHIFT SUPERVISOR 40.00 X 138128 0 11981 PIERRE LOUIS ALTAGRACE LICENSED PRACTICAL NURSE 40.00 X 127730 0 11022 671875 0 50055 5 0 1 0 UNIDINE LIFESTYLES DBA FLIK INTERNATION 2400 YORMONT RD CHARLOTTE NC 28217 CONTRACT SERVICES - DIETARY & EVS 2163714 CARELINK 400 MASSASOIT AVENUE SUITE 113 EAST PROVIDENCE RI 02914 THERAPY SERVICES 495550 2 169536 1010990 333043 1513569 PATIENT SERVICES 623000 9870919 9870919 9870919 291505 291505 4204415 2448177 1756238 1756238 1756238 MISCELLANEOUS INCOME 623000 34956 34956 34956 13467187 9905875 0 2047743 X 433069 130608 302461 5533532 5251152 282380 57521 52039 5482 452475 425873 26602 447657 404995 42662 51457 51457 89835 89835 89970 89970 2331617 2221558 110059 13984 13984 261600 261600 336 336 163808 163808 496438 5028 491410 284052 101016 183036 OTHER 1140632 728699 411933 PROVIDER ASSESSMENT 581854 581854 NURSING SUPPLIES 579966 579966 FOOD 347114 347114 13356917 11269630 2087287 0 381348 284560 2412473 1523908 14206 27591 149801 104113 15397699 10332511 5310998 5065188 15573885 16483745 535196 683371 251507 318616 24629414 24491092 1368687 1130912 4209999 4018999 158829 222914 5737515 5372825 X 18854017 19094295 37882 23972 18891899 19118267 24629414 24491092 X 110270 32008 84090 X X 0 1 X 1 0 X 620621 614776 493763 619460 1513569 3862189 10775482 11304865 11608995 11546876 9870919 55107137 11396103 11919641 12102758 12166336 11384488 58969326 265557 265894 286340 279699 295908 1393398 0 265557 265894 286340 279699 295908 1393398 57575928 322352 350159 397170 330876 291505 1692062 322352 350159 397170 330876 291505 1692062 16112 127506 20023 26380 34956 224977 11734567 12397306 12519951 12523592 11710949 60886365 0.94560 0.94470 0.02780 0.02860 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISC INCOME - 2016 AMOUNT: $ 16,112. 2017 AMOUNT: $ 127,506. 2018 AMOUNT: $ 20,023. 2019 AMOUNT: $ 26,380. 2020 AMOUNT: $ 34,956. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15573885 1989781 1079921 16483745 14245576 2721971 1393662 15573885 15659940 71467 -675783 810048 14245576 14436621 2092880 869561 15659940 14376719 831479 771577 14436621 1.00000 0 0 12531038 7880829 4650209 2725020 2310041 414979 141641 141641 0 5065188 INTEREST RATE SWAP CONTRACT 222914 222914 X 13493315 32008 84090 116098 13377217 89970 89970 13467187 13266947 0 13266947 89970 89970 13356917 PART V, LINE 4: THE CENTER HAS ESTABLISHED THE BOARD-DESIGNATED FUND AS A PERPETUAL ENDOWMENT MEANT TO PROVIDE ANNUAL DRAWDOWNS FROM TOTAL RETURN TO SUPPLEMENT THE CENTER'S OPERATING BUDGET, AS WELL AS TO PROVIDE CAPITAL FOR EXTRAORDINARY USES FROM TIME TO TIME. PART X, LINE 2: THE CENTER QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, THE CENTER IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, THE CENTER APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE CENTER'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. THE CENTER FILES A TAX RETURN IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN IN EQUITY OF JOINT VENTURE IN OCEAN STATE ASSISTED LIVING ("OSAL") 148,175. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP CONTRACT -64,085. X X 0 0 0 0 0 0 0 0 0 JULIE H RICHARD ADMINISTRATOR 163853 0 0 0 0 0 778 0 6700 0 171331 0 0 0 DEBORAH YASICK SHIFT SUPERVISOR 138128 0 0 0 0 0 4555 0 7426 0 150109 0 0 0 A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION NONEAVAIL 2011-08-01 5340000 REFUND A PRIOR ISSUE; FACILITY RENOVATIONS 0 0 0 A 1321001 5340000 121574 1916909 2012 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 1 RBS CITIZENS NA 8.800000000000 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 2 TIMOTHY REINER, BOARD MEMBER, AND DIANNE BOURGET, DIRECTOR OF FINANCE, ARE BROTHER AND SISTER. FORM 990, PART VI, SECTION B, LINE 11B THE CENTER'S FINANCE TEAM MET TO REVIEW THE DRAFT 990 PRIOR TO FILING AND RECOMMENDED APPROVAL TO THE BOARD. IN ADDITION, ALL BOARD MEMBERS WERE PROVIDED WITH EITHER AN ELECTRONIC OR HARD COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS UPDATE AND SIGN THE ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS RETAINED. ANY CONFLICTS OF INTEREST ARISING IN THE INTERIM PERIOD ARE REQUIRED TO BE DISCLOSED WHEN KNOWN. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES THE EXECUTIVE DIRECTOR COMPENSATION POLICY, MONITORS COMPLIANCE WITH THE POLICY AND APPROVES THE EXECUTIVE DIRECTOR'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE CENTER'S LOCATION - 100 BORDEN STREET, PROVIDENCE, RI 02903. FORM 990, PART IX, LINE 11G OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 243,792. MANAGEMENT AND GENERAL EXPENSES 110,059. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 353,851. CONTRACTED THERAPY: PROGRAM SERVICE EXPENSES 466,622. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 466,622. CONTRACTED DIETARY: PROGRAM SERVICE EXPENSES 819,221. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 819,221. CONTRACTED HOUSEKEEPING: PROGRAM SERVICE EXPENSES 420,467. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 420,467. CONTRACTED LAUNDRY: PROGRAM SERVICE EXPENSES 125,658. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125,658. CONTRACTED MAINTENANCE: PROGRAM SERVICE EXPENSES 145,798. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 145,798. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR GAIN IN EQUITY OF JOINT VENTURE IN "OSAL" 148,175. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP CONTRACT -64,085. FORM 990, PART XII, LINE 2(C): THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE STEERE HOUSE FOUNDATION 100 BORDEN STREET PROVIDENCE RI 02903 050518885 PROVIDE SUPPORT AND MAINTENANCE OF STEERE HOUSE NURSING HOME RI 501(C)(3) LINE 12B, II N/A 0 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 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 THE STEERE HOUSE FOUNDATION C 169536 ACTUAL AMOUNT RECEIVED OCEAN STATE ASSISTED LIVING DBA THE SEASONS D 1000000 ACTUAL AMOUNT OF GUARANTEE THE STEERE HOUSE FOUNDATION O 37255 ACTUAL COST INCURRED