2020-11-16T12:22:09-06:00 2019-12-31 060903326 WHITTLESEY PC 14 BOBALA RD HOLYOKE MA 01040 990 2019-01-01 042996627 LATHROP COMMUNITY INC LATH 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 THOMAS WRIGHT OFFICER 4135860006 2020-11-16 1 STEVE C ERICKSON P00544148 4135363970 2019 2022-09-23 18:48:47Z THOMAS WRIGHT 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 6234027 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. 16 16 79 30 0 0 93017 109820 5538029 6086639 19605 -29183 0 0 5650651 6167276 0 0 0 0 2642622 3000945 0 0 0 4081324 4261367 6723946 7262312 -1073295 -1095036 22998135 21279857 45060947 45027360 -22062812 -23747503 TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 0 0 5875213 6086639 SALES, MAINTENANCE OF RESIDENTIAL UNITS AND COMMON AREAS, RESALE FOR RESIDENTS, RESIDENT ACTIVITIES, AND SUPPORT SERVICES. 5875213 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 19 0 1 79 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X FRANK SANSOM 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 PETER VAN PELT SECRETARY 1.00 X X 0 0 0 CHARLES JOHNSON TREASURER 1.00 X X 0 0 0 ANNE LANNING CHAIR 5.00 X X 0 0 0 MARIANNE ZURN DIRECTOR 1.00 X 0 0 0 KAREN CLARK DIRECTOR 1.00 X 0 0 0 DAVID STEVENS VICE 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 PHEBE SESSIONS DIRECTOR 1.00 X 0 0 0 JOAN WOFFORD DIRECTOR 1.00 X 0 0 0 ELLEN OBER DIRECTOR 1.00 X 0 0 0 ROBIN LONGO DIRECTOR 1.00 X 0 0 0 LISA HALBERT DIRECTOR 1.00 X 0 0 0 ANN LEBRUN DIRECTOR 1.00 X 0 0 0 BILL HOGAN DIRECTOR 1.00 X 0 0 0 FRANK SANSOM DIRECTOR OF FINANCE 40.00 X 94925 0 20457 THOMAS WRIGHT EXECUTIVE DIRECTOR 40.00 X 190628 0 29994 EDWARD ETHEREDGE ASSISTANT CLERK 1.00 X 2800 0 0 288353 0 50451 1 0 1 0 SPRINGVALLEY LANDSCAPING PO BOX 711 HATFIELD MA 01038 LANDSCAPING SERVICES 386060 DIMELLA SHAFER ASSOCIATES 281 SUMMER STREET BOSTON MA 02210 ARCHITECT SERVICES 209117 BONDE CONSTRUCTION 205 PARK STREET EASTHAMPTON MA 01027 CONSTRUCTION SERVICES 178143 JOHN ASSAD CONSTRUCTION 35 BRENTWOOD DRIVE WILBRAHAM MA 01095 CONSTRUCTION SERVICES 161295 J FITZ & CO 375 WILBRAHAM ROAD HAMPDEN MA 01036 CONSTRUCTION SERVICES 123050 5 109820 109820 RESIDENT FEES 531390 5311626 5311626 AMORT OF ENT FEES 531390 433910 433910 OTHER FEES 812900 245150 245150 SUPPORT SERVICE FEES 812900 95953 95953 6086639 30143 30143 7425 6692 60059 733 -60059 -59326 -59326 6167276 6086639 0 -29183 336004 336004 2152976 1720623 432353 27679 26409 1270 244128 213642 30486 240158 201762 38396 4565 4565 26600 26600 9167 9167 104108 104108 35138 35138 111428 10332 101096 754166 754166 13683 3517 10166 2389 2389 160539 160539 222504 222504 1694994 1694994 105709 105709 GROUNDS MAINTENANCE 375922 375922 FOOD SERVICE SUPPLIES 235905 235905 OTHER REPAIRS AND MAINT 213172 213172 SUPPLIES AND OTHER 143353 110496 32857 48025 48025 7262312 5875213 1387099 0 382 90 1108168 299618 92539 150702 68434 115471 43301234 24063580 19853221 19237654 957920 1138614 917471 337708 22998135 21279857 561838 651147 2762030 2883769 2650989 2487962 39086090 39004482 45060947 45027360 X -22536771 -24285580 473959 538077 -22062812 -23747503 22998135 21279857 X -1095036 161017 -750672 X 0 1 X 1 0 X 176034 101537 80045 93017 109820 560453 4871085 4774169 4894699 5538029 6086639 26164621 5047119 4875706 4974744 5631046 6196459 26725074 0 0 0 26725074 24158 29604 26685 31507 30143 142097 24158 29604 26685 31507 30143 142097 5071277 4905310 5001429 5662553 6226602 26867171 0.99470 0.99440 0.00530 0.00560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1064005 176245 1240250 1101011 -37006 1064005 991503 109508 1101011 938842 52661 991503 890341 72000 -285 23214 938842 0.74720 0.13870 0.11410 0 0 1537420 1537420 40947665 23383130 17564535 679625 546009 133616 136524 134441 2083 19237654 CHARITABLE GIFT ANNUNITIES 36987 DEPOSIT-PROSPECTIVE RESIDENTS 423000 REFUNDABLE ENTRANCE FEES 38544495 39004482 5642702 161017 -745650 -584633 6227335 -60059 -60059 6167276 7262312 0 7262312 0 7262312 PART XI, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF CAPITAL ASSET PROJECT PLANNING COSTS PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 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 EXECUTIVE DIRECTOR 190628 0 0 0 0 0 0 0 29994 0 220622 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 -5,022. WRITE-OFF CAPITAL PROJECT PLANNING COSTS -745,650. 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 222504 FAIR VALUE