2021-11-12T11:19:33-06:00 2020-12-31 060903326 WHITTLESEY PC 14 BOBALA RD HOLYOKE MA 01040 990 2020-01-01 042996627 LATHROP COMMUNITY INC LATH 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 ELISABETH WEISSBACH OFFICER 4135860006 2021-11-12 1 ELISABETH WEISSBACH 999009999 STEVE ERICKSON P00544148 4135363970 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ELISABETH WEISSBACH 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 6179144 0 X WWW.LATHROP.KENDAL.ORG X 1988 MA TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 15 15 84 0 0 0 109820 110849 6086639 6019993 -29183 -12593 0 0 6167276 6118249 0 0 0 0 3000945 3094441 0 0 0 4261367 4386874 7262312 7481315 -1095036 -1363066 21279857 20660860 45027360 45639532 -23747503 -24978672 TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 0 0 5945278 5981376 SALES, MAINTENANCE OF RESIDENTIAL UNITS AND COMMON AREAS, RESALE FOR RESIDENTS, RESIDENT ACTIVITIES AND SUPPORT SERVICES 5945278 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 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 1 0 0 0 1 14 0 84 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X HOLLY SMITH - BOVE 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 PETER VAN PELT DIRECTOR 1.00 X 0 0 0 CHARLES JOHNSON VICE CHAIR 1.00 X X 0 0 0 ANNE LANNING PAST CHAIR 5.00 X X 0 0 0 MARTHA BORAWSKI DIRECTOR 1.00 X 0 0 0 KAREN CLARK DIRECTOR 1.00 X 0 0 0 DAVID STEVENS CHAIR 1.00 X X 0 0 0 JACK DEVLIN DIRECTOR 1.00 X 0 0 0 BRUCE HAWKINS DIRECTOR 1.00 X 0 0 0 PETER ROWE DIRECTOR 1.00 X 0 0 0 RUTH CONSTANTINE DIRECTOR 1.00 X 0 0 0 JOAN WOFFORD DIRECTOR 1.00 X 0 0 0 ELLEN OBER SECRETARY 1.00 X X 0 0 0 LISA HALBERT TREASURER 1.00 X X 0 0 0 BILL HOGAN DIRECTOR 1.00 X 0 0 0 FRANK SANSOM PAST DIRECTOR OF FINANCE 40.00 X 82740 0 20100 THOMAS WRIGHT PAST EXECUTIVE DIRECTOR 40.00 X 196965 0 30461 PHEBE SESSIONS DIRECTOR 1.00 X 0 0 0 HOLLY SIMTH - BOVE CFO AS OF 2/2021 0.00 X 0 0 0 ELISABETH WEISSBACH EXECUTIVE DIRECTOR AS OF 8/2021 0.00 X 0 0 0 279705 0 50561 1 1 1 0 SPRINGVALLEY LANDSCAPING PO BOX 711 HATFIELD MA 01038 LANDSCAPING SERVICES 358200 1 110849 110849 RESIDENT FEES 531390 5449845 5449845 AMORT OF ENT FEES 531390 378770 378770 OTHER FEES 812900 141577 141577 SUPPORT SERVICE FEES 812900 49801 49801 6019993 26024 26024 22278 20882 40013 1396 -40013 -38617 -38617 6118249 5981376 0 26024 330266 330266 2159761 1722518 437243 36600 24900 11700 313761 212979 100782 254053 195784 58269 21567 21567 26800 26800 73756 73756 88704 88704 112961 5029 107932 149498 149498 239131 239131 1746911 1746911 111747 111747 REAL ESTATE TAXES 420868 420868 LAWNCARE AND SNOW 379535 379535 UTILITIES 313222 313222 REPAIRS AND MAINTAINENC 227006 227006 475168 435281 39887 7481315 5945278 1536037 0 299708 536095 150702 232828 115471 118591 43715043 25683259 19237654 18031784 1138614 1293780 337708 447782 21279857 20660860 651147 441291 2883769 2819475 2487962 2068533 39004482 40310233 45027360 45639532 X -24285580 -25528192 538077 549520 -23747503 -24978672 21279857 20660860 X -1363066 137019 -5122 X 0 1 X 1 0 X 101537 80045 93017 109820 110849 495268 4774169 4894699 5538029 6086639 6019893 27313429 4875706 4974744 5631046 6196459 6130742 27808697 0 0 0 27808697 29604 26685 31507 30143 26024 143963 29604 26685 31507 30143 26024 143963 4905310 5001429 5662553 6226602 6156766 27952660 0.99480 0.99470 0.00520 0.00530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1240250 154606 1394856 1064005 176245 1240250 1101011 -37006 1064005 991503 109508 1101011 938842 52661 991503 0.74290 0.12330 0.13380 0 0 1537420 1537420 41352474 24969967 16382507 679625 575768 103857 145524 137524 8000 18031784 CHARITABLE GIFT ANNUNITIES 35054 DEPOSIT-PROSPECTIVE RESIDENTS 535000 REFUNDABLE ENTRANCE FEES 39224599 REFUNDABLE ADVANCE - PAYCHECK PROTECTION PROGRAM 515580 40310233 6250146 137019 -5122 131897 6118249 0 6118249 7481315 0 7481315 0 7481315 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS PART V, LINE 4 INCOME FROM PERMANENTLY RESTRICTED ENDOWMENT FUNDS IS TEMPORARILY RESTRICTED AND WILL BE USED FOR RESIDENCY ASSISTANCE, PROFESSIONAL DEVELOPMENT FOR LATHROP'S EMPLOYEES, COLLEGE LEVEL SCHOLARSHIP ASSISTANCE FOR CHILDREN OF LATHROP'S EMPLOYEES, AND OPERATING SUPPORT AS DETERMINED BY LATHROP'S MANAGEMENT. INCOME FROM BOARD DESIGNATED ENDOWMENT FUNDS WILL BE USED TO ACCOMPLISH OTHER SPECIFIC OBJECTIVES OF THE ORGANIZATION. X X X 0 0 0 0 0 0 0 0 0 THOMAS WRIGHT PAST EXECUTIVE DIRECTOR 196965 0 0 0 0 0 0 0 30461 0 227426 0 0 0 FORM 990, PART VI, SECTION A, LINE 7B LATHROP HAS AN AFFILIATION AGREEMENT WITH THE KENDAL CORPORATION (KENDAL) . LATHROP REMAINS A SEPARATE CORPORATION WITH ITS OWN BOARD OF DIRECTORS. UNDER THE AFFILIATION AGREEMENT, KENDAL MUST APPROVE 1) THE ELECTION OF BOARD MEMBERS OF LATHROP, 2) AMENDMENTS TO THE ARTICLES OF INCORPORATION AND CERTAIN SECTIONS OF THE BYLAWS, 3) INCURRENCE OF DEBT IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, 4) CHANGES IN THE CORPORATE PURPOSE, 5) USE OF THE NAME "KENDAL", 6) THE SUBSTANCE OF RESIDENT CONTRACTS, 7) PURCHASE, SALE, LEASE OR OTHER DISPOSITION OF REAL ESTATE OR IMPROVEMENTS THEREON WITH THE VALUE IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, AND 8) DISSOLUTION, MERGER OR ACQUISTION OF ANOTHER ENTITY. KENDAL PROVIDES MANAGEMENT ADVICE AND EXPERTISE IN EVERY AREA OF OPERATIONS TO LATHROP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS WILL RECEIVE THE FORM 990 AND ITS ACCOMPANYING SCHEDULES AND PERFORM A BRIEF REVIEW FOR OVERALL ACCURACY AND COMPLETENESS BEFORE SIGNING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD OF DIRECTORS, SENIOR MANAGERS, AND DIRECTORS EMERITUS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. A BOARD COMMITTEE HAS PRIMARY OVERSIGHT FOR THE COMPLETION OF THE CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE EXECUTIVE DIRECTOR COMPENSATION. THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPARABILITY WAGE DATA DERIVED FROM BOTH LOCAL AND NATIONAL SALAY SURVEY SOURCES. EXECUTIVE DIRECTOR IS NOT PART OF THE DELIBERATION REGARDING HIS COMPENSATION. EXECUTIVE DIRECTOR IS RESPONSIBLE FOR THE DETERMINATION OF THE DIRECTOR OF FINANCE'S COMPENSATION, IN CONSULTATION WITH KENDAL CORPORATION AND LATHROP'S DIRECTOR OF HUMAN RESOURCES, DERIVED FROM BOTH LOCAL AND NATIONAL SALARY SURVEY SOURCES. DIRECTOR OF FINANCE IS NOT PART OF THE DELIBERATION REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 LATHROP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -5,122. WRITE-OFF CAPITAL PROJECT PLANNING COSTS THE KENDAL CORPORATION 1107 EAST BALTIMORE PIKE KENNETT SQUARE PA 19348 232688382 ADMIN SERVICE PA 501 (C)(3) 11C N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 THE KENDAL CORPORATION M 239131 FAIR VALUE