2025-08-26T14:03:52-05:00 2024-12-31 113266576 GRASSI & CO CPA'S PC 360 MADISON AVENUE 7TH FLOOR NEW YORK NY 10017 990 2024-01-01 210634536 MASONIC CHARITY FOUNDATION OF NEW JERSEY MASO 6092393900 902 JACKSONVILLE RD BURLINGTON NJ 08016 DOUGLAS HACKER CHIEF FINANCIAL OFFICER 6092393900 2025-08-22 1 0 JAIME RAPPS P01462990 2126616166 2025-08-20 2024 2025-03-06 01:10:19Z DOUGLAS HACKER 902 JACKSONVILLE ROAD BURLINGTON NJ 08016 62983682 0 X HTTPS://WWW.NJMASONIC.ORG/ X 1898 NJ PROVIDE NURSING CARE AND RETIREMENT LIVING. 15 15 527 35 0 0 1552376 11780959 34406630 41172901 1510933 1987433 510843 413801 37980782 55355094 0 143500 0 0 20610903 22915509 0 0 1275475 25829360 27710124 46440263 50769133 -8459481 4585961 139094790 144789030 96468322 97887089 42626468 46901941 X THE MASONIC CHARITY FOUNDATION OF NEW JERSEY (THE "FOUNDATION OR HOME"), INCORPORATED IN 1930, IS A NONPROFIT CORPORATION. THE FOUNDATION DELIVERS PERSONALIZED SERVICES AND COMPASSIONATE CARE, INSPIRED BY THE SPIRIT, IDEALS, AND VALUES OF FREEMASONRY, TO PROMOTE THE HIGHEST QUALITY OF LIFE FOR FREEMASONS, FAMILIES, AND OTHERS IN THE COMMUNITY THROUGH RETIREMENT LIVING, HEALTHCARE SERVICES AND HOSPICE SERVICES. THE GENERAL OPERATIONS OF THE FOUNDATION ALSO INCLUDE RECEIVING, MAINTAINING, AND ADMINISTERING ENDOWMENTS AND FUNDS EXCLUSIVELY FOR CHARITABLE, BENEVOLENT, AND RETIREMENT SERVICES. 0 0 40766588 143500 41172901 THE FOUNDATION PROVIDES SENIOR HOUSING AND HEALTHCARE SERVICES THROUGH SEVERAL AREAS OF THE RETIREMENT SETTINGS: INDEPENDENT LIVING APARTMENTS AND COTTAGES: ASSISTED (COMPREHENSIVE PERSONAL CARE) LIVING, LONG TERM NURSING CARE AND SHORT TERM SUB ACUTE REHABILITATION. THE FOUNDATION PROVIDES SERVICES TO RESIDENTS WHO MEET CERTAIN CRITERIA AT AMOUNTS LESS THAN ITS COST OF PROVIDING CARE. THE LEVEL OF BENEVOLENT REPRESENTS THE DIFFERENCE BETWEEN THE CHARGES FOR PROVIDING CARE AND PAYMENTS RECEIVED FOR SERVICES AMOUNTING TO APPROXIMATELY $395,000. 40766588 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 68 0 527 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X DOUGLAS HACKER 6092393900 902 JACKSONVILLE ROAD BURLINGTON NJ 08016 J EUGENE MARGROFF CHAIRMAN 3.00 X X 0 0 0 JOSEPH K BARBARA PRESIDENT 3.00 X X 0 0 0 BRUCE S GRAHAM VICE-PRESIDENT 3.00 X X 0 0 0 ELLIS JACOBS TREASURER 3.00 X X 0 0 0 BRIAN K MANDEL MEMBER 3.00 X 0 0 0 BRUCE C GOLWAY MEMBER 3.00 X 0 0 0 DAVID TUCKER MEMBER 3.00 X 0 0 0 DAVID J WEISS MEMBER 3.00 X 0 0 0 DON TUTTLE MEMBER 3.00 X 0 0 0 LEONARD VANDER HORN MEMBER 3.00 X 0 0 0 OMAR MORRIS MEMBER 3.00 X 0 0 0 ROBERT MONACELLI MEMBER 3.00 X 0 0 0 SAMUEL CARLISI MEMBER 3.00 X 0 0 0 WILLIAM M KRZEWICK III MEMBER 3.00 X 0 0 0 YOEL LEE MEMBER 3.00 X 0 0 0 CINDY SHEMANSKY ADMINISTRATOR 40.00 X 148698 0 11275 ERIC BAILEY ADMINISTRATOR AS OF 9/2024 40.00 X 119781 0 21125 DOUGLAS HACKER DIRECTOR OF FINANCE 40.00 X 144795 0 32822 ROBERT J SHERIDAN SECRETARY 3.00 X 0 0 0 CHRISTOPHER ABBOTT DIRECTOR OF DEVELOPMENT 40.00 X 150361 0 27005 CHERYL RAHILLY DIRECTOR OF NURSING 40.00 X 137096 0 4120 BRENDA DEWITT RESIDENCY COUNSELOR 40.00 X 127266 0 20216 CHRISTINA BARGER NURSE MANAGER 40.00 X 120808 0 30933 KATHERINE YAKIMOV HOSPITAL LIAISON 40.00 X 145364 0 19417 1094169 0 166913 20 0 1 0 CLIPBOARD HEALTH PO BOX 103125 PASADENA CA 91189 HEALTHCARE RECRUITMENT 742224 ONEPOINT PARTNERS LLC PO BOX 169 TOPSFIELD MA 01983 CONSULTING SERVICES 261275 DEBROFF CONSULTING GROUP 4709 PINE RIDGE ROAD HARRISBURG PA 17110 UTILITY COST CONSULTING 109856 ESHYFT PO BOX 5935 TROY MI 48007 HEALTHCARE RECRUITMENT 108191 4 11780959 8286273 11780959 NURSING CARE RESIDENT SERVICE REV 623000 20974945 20974945 RETIREMENT LIVING RESIDENT SERVIC 623990 10697856 10697856 PERSONAL CARE RESIDENT SERVICE 623990 9125054 9125054 HOSPICE SERVICE 623990 375046 375046 41172901 1980609 1980609 7635412 7628588 6824 6824 6824 OTHER INCOME 900099 413801 413801 413801 55355094 41172901 0 2401234 143500 143500 482497 434247 48250 18535187 16804009 995696 735482 310612 295824 14788 2100150 1283601 816549 1487063 1273327 197519 16217 2102466 2102184 282 387735 387735 136440 136440 180602 180602 472352 472352 1584340 1061128 523212 1477033 1477033 3979097 3979097 21881 21881 88277 88277 3347418 3347418 5742829 5742829 1512117 785199 726636 282 MEDICAL EXPENSES 4091455 4091455 FOOD AND BEVERAGE 1728804 1728804 CREDIT LOSS EXPENSE 616020 616020 241258 241258 50769133 40766588 8727070 1275475 345 345 9188336 11257460 394639 129917 2224818 2347343 303230 285021 104284 88977 237411 354239 200772571 117532281 88164799 83240290 29819903 31234097 2405152 1463167 6251873 14388174 139094790 144789030 3233921 4092275 8992176 8312360 77195721 77401341 19872 14964 7026632 8066149 96468322 97887089 X 12763519 8539518 29862949 38362423 42626468 46901941 139094790 144789030 X 4585961 384442 -694930 X X 0 1 X 1 0 X 6607354 7924736 2422334 1552376 11780959 30287759 6607354 7924736 2422334 1552376 11780959 30287759 9212539 21075220 1190321 1484244 846809 1476784 1980609 6978767 363010 106265 254683 510843 413801 1648602 38915128 0.54160 0.67000 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 363,010. 2021 AMOUNT: $ 106,265. 2022 AMOUNT: $ 254,683. 2023 AMOUNT: $ 510,843. 2024 AMOUNT: $ 413,801. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 X 30189157 1925175 311802 31802530 30485494 20085 -354658 759485 30189157 45415932 -3633962 11296476 30485494 50249906 2367095 3002093 10203162 45415932 44603978 1968691 4340501 663264 50249906 0.27319 0.58747 0.13934 0 0 5909617 5909617 175409667 100969470 74440197 16403958 14168236 2235722 3049329 2394575 654754 83240290 BENEFICIAL INTEREST IN TRUSTS 14388174 14388174 DEFERRED GIFT PLANS SUPPORT 836127 REFUNDABLE ENTRANCE FEES 5666153 ACCRUED PENSION EXPENSE 1563869 8066149 X 54864004 384442 -694930 -310488 55174492 180602 180602 55355094 50588531 0 50588531 180602 180602 50769133 PART IV, LINE 2B: THE FOUNDATION HOLDS BOTH ENTRANCE FEE DEPOSITS AND APARTMENT DEPOSITS AS CUSTODIAN FOR RESIDENTS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES TO SUPPORT THE ORGANIZATION AND ITS RESIDENTS. PART X, LINE 2: THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CHARITABLE GIFT ANNUITY 104,952. CHANGE IN BENEFICIAL INTEREST IN TRUST -148,254. PENSION RELATED CHANGES -651,628. 1 SCHOLARSHIPS 32 143500 FMV PART I, LINE 2: THE SCHOLARSHIPS OFFERED ARE FUNDED BY DONOR-RESTRICTED CONTRIBUTIONS, SPECIFICALLY DESIGNATED FOR STUDENTS PURSUING CAREER PATHS OUTLINED BY THE DONORS' INTENT. APPLICANTS MUST COMPLETE A FORMAL APPLICATION PROCESS, AFTER WHICH SCHOLARSHIPS ARE REVIEWED AND APPROVED BY A DESIGNATED COMMITTEE. ADDITIONALLY, ONGOING FOLLOW-UP IS CONDUCTED IN COORDINATION WITH THE RECIPIENT INSTITUTIONS TO ENSURE THAT AWARDEES MAINTAIN SATISFACTORY ACADEMIC PROGRESS AND COMPLY WITH THE TERMS OF THE SCHOLARSHIP. X X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS HACKER DIRECTOR OF FINANCE 144795 0 0 0 0 0 9175 0 23647 0 177617 0 0 0 CHRISTOPHER ABBOTT DIRECTOR OF DEVELOPMENT 150361 0 0 0 0 0 17706 0 9299 0 177366 0 0 0 KATHERINE YAKIMOV HOSPITAL LIAISON 145364 0 0 0 0 0 10118 0 9299 0 164781 0 0 0 CINDY SHEMANSKY ADMINISTRATOR 148698 0 0 0 0 0 3617 0 7658 0 159973 0 0 0 CHRISTINA BARGER NURSE MANAGER 120808 0 0 0 0 0 5005 0 25928 0 151741 0 0 0 PART I, LINE 3 THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED BY LIFE CARE SERVICES, LLC WHICH IS IN A MANAGEMENT AGREEMENT TO PROVIDE MANAGEMENT SERVICES TO THE FOUNDATION. THIS AMOUNT IS BASED ON A PERCENTAGE OF THE FOUNDATION 'S GROSS REVENUE IN EACH YEAR. A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 64577HTA9 2017-12-12 50125000 SEE PART VI 0 0 0 B BURLINGTON COUNTY BRIDGE COMMISSION (SERIES A) 216000402 121649AB3 2019-12-16 33325000 SEE PART VI 0 0 0 A 50125000 267812 960592 47468382 2017 1 0 1 1 B 33325000 666355 32658645 2019 0 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 0 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 SCHEDULE K SUPPLENTAL INFORMATION (A) ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: TO REFUND THE LINE OF CREDIT, CONSTRUCTION LOAN & SERIES 2014 BONDS (A) ISSUER NAME: BURLINGTON COUNTY BRIDGE COMMISSION (SERIES A) (F) DESCRIPTION OF PURPOSE: TO REFUND TAXABLE SERIES 2017 BONDS. X 1 8286273 FMV 0 0 0 PART I, COLUMN (B): THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 3 LIFE CARE SERVICES IS THE MANAGEMENT ORGANIZATION. THEIR EMPLOYEE IS THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS OF THE GRAND LODGE OF THE MOST ANCIENT AND HONORABLE SOCIETY OF FREE AND ACCEPTED MASONS FOR THE STATE OF NEW JERSEY IN GOOD STANDING SHALL BE CONSIDERED MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THOSE WHO QUALIFY TO BE ON THE GOVERNING BODY OF THIS ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED IN DETAIL BY MANAGEMENT BEFORE BEING PRESENTED TO THE OVERSIGHT (FINANCE) COMMITTEE. A COPY OF THE FORM 990 IS ALSO PROVIDED TO THE GOVERNING BODY FOR REVIEW BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COMPLIANCE COMMITTEE MONITORS AND ENFORCES POLICY ON CONFLICT OF INTEREST BY INFORMING BOARD MEMBERS TO REPORT ANY AND ALL CONFLICTS OF INTEREST THAT MAY IMPACT THE ORGANIZATION. EACH TRUSTEE SIGNS A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR EMPLOYED BY LIFE CARE SERVICES, LLC IS REVIEWED BY ITS CHIEF HUMAN RESOURCES AND COMPLIANCE OFFICER USING INDUSTRY SPECIFIC SALARY SURVEY DATA. COMPENSATION FOR OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE HUMAN RESOURCES DEPARTMENT UPON HIRING USING INDUSTRY AND GEOGRAPHIC SPECIFIC SALARY DATA. ON AN ANNUAL BASIS, ANY COMPENSATION INCREASES ARE DETERMINED BY HR AND APPROVED ON AN OVERALL BASIS BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 MASONIC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CHARITABLE GIFT ANNUITY 104,952. CHANGE IN BENEFICIAL INTEREST IN TRUSTS -148,254. PENSION RELATED CHANGES -651,628. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SUBSEQUENT EVENTS: ASSET PURCHASE AGREEMENT IN JUNE 2025, THE FOUNDATION ENTERED INTO AN ASSET PURCHASE AGREEMENT ("APA") FOR $47,200,000 TO SELL ITS OPERATIONS AND REAL PROPERTY TO ANOTHER PROVIDER. THE SALE MUST BE APPROVED BY THE ATTORNEY GENERAL OF THE STATE OF NEW JERSEY PRIOR TO CLOSING. IN CONJUNCTION WITH THE APA, BONDHOLDERS ENTERED INTO A RELEASE AGREEMENT WITH THE FOUNDATION WHICH IS CONTINGENT UPON FINAL APPROVAL OF THE SALE IN EXCHANGE FOR PROCEEDS FROM THE SALE. THE TRANSACTION IS ANTICIPATED TO CLOSE IN OCTOBER 2025. GRAND LODGE OF FREE & ACCEPTED MASONS OF NJ 100 BARRACKS STREET TRENTON NJ 08608 210454866 FRATERNAL ORGANIZATION NJ 501(C)(11) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0