2021-11-15T15:14:58-06:00 2020-12-31 HW&CO 23240 Chagrin Blvd Suite 700 Cleveland OH 441225450 990 2020-01-01 341481142 Laurel Lake Retirement Community Inc % DAVID A OSTER LAUR 3306500681 200 Laurel Lake Drive Hudson OH 44236 David Oster EXECUTIVE DIRECTOR 3306551423 2021-11-13 true David Oster 999009999 David M Reape CPA P00068117 2168311200 2021-11-15 3 2020 2022-09-23 18:48:47Z David Oster 200 Laurel Lake Drive Hudson OH 44236 29580904 false X WWW.LAURELLAKE.ORG X 1989 OH A RETIREMENT COMMUNITY OF CHOICE FOR ADULTS WHO ASPIRE TO LEAD LIVES FILLED WITH MEANING, PURPOSE, AND LIFELONG OPPORTUNITIES FOR GROWTH AND SERVICE. 12 12 411 100 52461 51509 349654 757542 24091721 24777448 438588 441030 0 0 24879963 25976020 0 0 0 0 10189138 9554467 0 0 0 13678729 14810000 23867867 24364467 1012096 1611553 89610260 95397769 73494840 77267755 16115420 18130014 LAUREL LAKE STRIVES TO BE THE COMMUNITY OF CHOICE FOR ADULTS WHO ASPIRE TO LEAD LIVES FILLED WITH MEANING, PURPOSE, AND LIFELONG OPPORTUNITES FOR GROWTH SERVICES. LAUREL LAKE ACCOMPLISHES THIS PURPOSE BY DEMONSTRATING OUR CORE VALUES OF COMPASSION, RESPECT, EXCELLENCE, AND SERVICE. false false 5388402 14499525 LIFE PLAN COMMUNITY THAT PROVIDES AN ACTIVE RETIREMENT LIFESTYLE. THE COMMUNITY PROVIDES HOUSEKEEPING, ENVIRONMENTAL SERVICES, EDUCATIONAL AND ENTERTAINMENT ACTIVITIES. 12889202 7163025 PROVIDE SKILLED NURSING LONG-TERM CARE FOR RESIDENTS TO INCLUDE HOUSING, MEALS, ENVIRONMENTAL SERVICES, AND ACTIVITIES. 2855492 3062437 PROVIDE ASSISTED LIVING LONG-TERM CARE FOR RESIDENTS TO INCLUDE HOUSING, MEALS, ENVIROMENTIAL SERVICES, AND ACTIVITIES. 21133096 true true false false false false true false false false true false false false true false false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true true true false false true 20 0 true 411 true true true false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false OH X X DAVID A OSTER 3306500681 200 LAUREL LAKE DRIVE HUDSON OH 44236 X DAVID OSTER PRESIDENT & CEO 45.0 0.5 X 408213 0 12000 LORETTA STEVENS CHIEF FINANCIAL OFFICER 45.0 0.5 X 145941 0 5530 SANDRA BOCK REGISTERED NURSE 40.0 0.0 X 103247 0 0 STEPHANIE FALLCREEK TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL DENK SECRETARY 0.5 0.0 X X 0 0 0 LIZ MURPHY VICE CHAIR 2.0 0.5 X X 0 0 0 KATHLEEN HOOVER TREASURER 4.0 0.0 X X 0 0 0 WILLIAM YOUNG TRUSTEE 0.5 0.0 X 0 0 0 DAVID WILLIAMS RESIDENT TRUSTEE 1.5 0.0 X 0 0 0 JOHN MULLIGAN CHAIR 10.0 0.0 X X 0 0 0 CLINTON SIMMONS TRUSTEE 0.5 0.0 X 0 0 0 JOHN JANOCH TRUSTEE 5.0 0.0 X 0 0 0 JANE WAGNER RESIDENT TRUSTEE 4.0 0.0 X 0 0 0 LYNN MILD RESIDENT TRUSTEE 4.0 0.0 X 0 0 0 Peter Goheen Resident Trustee 1.5 0.0 X 0 0 0 657401 0 17530 3 false true false SELECT REHABILITATION PO BOX 71985 CHICAGO IL 606941985 THERAPY SERVICES 708890 AMERICAN MEDICAL PERSONNEL 1428 EDISON STREET NW HARTVILLE OH 44632 NURSING STAFF 1050384 SUMMIT CONTSRUCTION 1095 HOME AVENUE AKRON OH 44310 CONSTRUCTION 2841834 US FOODSERVICE PO BOX 642561 PITSBURGH PA 15264 FOOD 720549 MID-OHIO ASPHALT CONCRETE INC 2926 TUCKER COURT TWINSBURG OH 43087 CONSTRUCTION 437860 26 94812 662730 757542 ANCILLARY SERVICES REVENUE 900099 1566113 1566113 RESIDENT SERVICES 623000 19819598 19819598 INCOME FROM ACTIVITIES 900099 2436950 2384489 52461 PROVIDER RELIEF FUNDS 623000 954787 954787 24777448 492957 492957 0 0 0 0 0 3552957 3604884 -51927 -51927 -51927 0 0 0 0 0 0 0 0 0 0 25976020 24724987 52461 441030 X 0 0 0 0 571684 496222 75462 0 6718233 5831426 886807 74603 64755 9848 1647265 1429826 217439 542682 471048 71634 0 7315 6349 966 0 0 0 121873 121873 2718838 2359951 358887 392438 340636 51802 313469 272091 41378 426063 369823 56240 0 3159520 2742463 417057 19812 17197 2615 0 13833 12007 1826 1454395 1262415 191980 0 3850850 3342538 508312 364572 316448 48124 DIETARY COSTS 1281217 1112096 169121 FRANCHISE FEE 363726 363726 MEDICAL SUPPLIES 260275 260275 BAD DEBT EXPENSE 61804 61804 24364467 21133096 3231371 0 2569782 669529 0 0 0 0 1087784 1035485 0 0 0 0 0 0 0 0 569751 824277 90575199 23528620 65126070 67046579 18043878 23957091 364808 364808 0 0 1500000 1500000 348187 0 89610260 95397769 3152914 2273198 0 0 31993124 33729538 8105000 7810000 0 0 0 0 25049167 25985717 0 0 5194635 7469302 73494840 77267755 X 16115420 18130014 0 0 16115420 18130014 89610260 95397769 1611553 403041 X false true X true false X 265349 1890616 462648 349654 757542 3725809 24269566 24430524 25103701 24064526 24724987 122593304 0 0 0 24534915 26321140 25566349 24414180 25482529 126319113 0 0 0 126319113 124595 237227 265242 271166 492957 1391187 27195 52461 79656 124595 237227 265242 298361 545418 1470843 0 0 24659510 26558367 25831591 24712541 26027947 127789956 0.98849 0.99266 0.01151 0.00734 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 45.00 1 false false 0 3762828 3762828 0 73378685 18022415 55356270 0 8192648 4582092 3610556 0 5241038 924113 4316925 67046579 0 ACCRUED REAL ESTATE TAX 1085711 REFUNDABLE ENTRANCE FEES 1995630 SECURITY DEPOSITS 1785504 INTEREST RATE SWAP LIABILITY 2602457 7469302 SCHEDULE D, PART II, LINE 9 CONSERVATION EASEMENTS FINANCIAL REPORTING: LAUREL LAKE DOES NOT REPORT ANY AMOUNTS IN THE FINANCIAL STATEMENTS SINCE THE EASEMENT IS ONLY A COMMITMENT NOT TO BUILD ON WETLAND AREAS. X X X X false false false false false false false false false DAVID OSTER PRESIDENT & CEO 299613 108600 0 12000 0 420213 0 LORETTA STEVENS CHIEF FINANCIAL OFFICER 143441 2500 0 5530 0 151471 0 A COUNTY OF SUMMIT OHIO 346002767 86605HBA7 2013-12-30 14280000 TO FINANCE PROJECTS OF LLRC false false false A 6470000 0 14280000 461813 308388 0 285600 0 13224199 0 0 0 2013 false false true true A false false false false 0 false false false true A false true false false true false 0 false 0 false true A true Schedule K, Part I, Column F, Description of Purpose Issuer name: County of Summit, Ohio. To finance the acquisition, construction, improvement and equipping of LLRC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY LAUREL LAKE'S INDEPENDENT AUDITORS AND REVIEWED BY THE CHIEF FINANCIAL OFFICER. THE 990 IS APPROVED BY THE BOARD'S AUDIT AND COMPLIANCE COMMITTEE AND ACCEPTED BY THE BOARD OF DIRECTORS. THE RETURN IS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE COVERED BY THE LAUREL LAKE RETIREMENT COMMUNITY CONFLICT OF INTEREST POLICY WHICH REQUIRES DISCLOSURE ON AN ANNUAL BASIS. ALL POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY LAUREL LAKE RETIREMENT COMMUNITY CORPORATE COMPLIANCE OFFICER. AT THE BEGINNING OF EACH BOARD MEETING, ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. BOARD MEMBERS DETERMINED TO HAVE A CONFLICT OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISION-MAKING FOR THE TRANSACTION IN WHICH THE CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, DAVID OSTER, IS DETERMINED BY LAUREL LAKE RETIREMENT COMMUNITY. LAUREL LAKE UTILIZES A WRITTEN EMPLOYMENT CONTRACT, A COMPENSATION SURVEY OR STUDY, DATA FROM SIMILAR ORGANIZATIONS, AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WHEN DETERMINING MR. OSTER'S COMPENSATION. THIS ANALYSIS WAS PERFORMED IN 2018 AT THE EFFECTIVE DATE OF THE CURRENT THREE-YEAR CONTRACT. FORM 990, PART VI, SECTION B, LINE 15B A COMPENSATION ANALYSIS WAS PERFORMED FOR THE CHIEF FINANCIAL OFFICER IN JANUARY 2018. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE MAILED TO REQUESTORS. AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL FEES TOTAL FEES:301940 FORM 990 PART IX LINE 11G DESCRIPTION:PURCHASED SERVICES TOTAL FEES:2416898 LAUREL LAKE RETIREMENT COMMUNITY FNDN 200 LAUREL LAKE DRIVE HUDSON OH 44236 341779303 RECEIVE CHARI OH 501(c)(3) 12-TYPE I laurel lake true false false true false false false false false false false false false false false false false true false false LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION C 94812 FMV