2019-11-15T09:22:07-06:00 2018-12-31 HW&CO 23240 Chagrin Blvd Suite 700 Cleveland OH 441225450 990 2018-01-01 341481142 Laurel Lake Retirement Community % DAVID A OSTER LAUR 3306500681 200 Laurel Lake Drive Hudson OH 44236 DAVID A OSTER EXECUTIVE DIRECTOR 3306551423 2019-11-15 true Tracy L Bender CPA P01048121 2168311200 2019-11-08 12.203.198.2 34122420193195000009 2019-11-15 P 34089975C9E51BE86CA840C95A49BD49D8F931EE 34089975C9E51BE86CA840C95A49BD49D8F931EE 2018 2020-03-31 21:24:44Z DAVID A OSTER 200 Laurel Lake Drive Hudson OH 44236 42378283 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. 13 12 459 247 0 1890616 462648 24430524 25103701 390594 778798 0 0 26711734 26345147 0 0 0 0 10328653 9920817 0 0 0 12099898 13576689 22428551 23497506 4283183 2847641 89432321 85678018 76847044 71096651 12585277 14581367 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 8111950 13385623 PROVIDE HOUSING, ENVIRONMENTIAL SERVICES, AND EDUCATIONAL AND ENTERTAINMENT ACTIVITIES FOR INDEPENDENT RESIDENTS. 8766875 8058207 PROVIDE SKILLED NURSING LONG-TERM CARE FOR RESIDENTS TO INCLUDE HOUSING, MEALS, ENVIRONMENTAL SERVICES, AND ACTIVITIES. 3305709 3659871 PROVIDE ASSISTED LIVING LONG-TERM CARE FOR RESIDENTS TO INCLUDE HOUSING, MEALS, ENVIROMENTIAL SERVICES, AND ACTIVITIES. 20184534 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 43 0 true 459 true false false false false false false false false false false false false X 13 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 STEPHANIE FALLCREEK CHAIR 4.0 0.0 X X 0 0 0 MICHAEL DENK SECRETARY 2.0 0.0 X X 0 0 0 LIZ MURPHY VICE CHAIR 2.0 2.0 X X 0 0 0 KATHLEEN HOOVER TREASURER 2.0 0.0 X X 0 0 0 WILLIAM YOUNG TRUSTEE 1.0 0.0 X 0 0 0 PAUL CAMPBELL TRUSTEE 1.0 0.0 X 0 0 0 DAVID WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 JOHN MULLIGAN TRUSTEE 1.0 0.0 X 0 0 0 CLINTON SIMMONS TRUSTEE 1.0 0.0 X 0 0 0 JOHN JANOCH TRUSTEE 1.0 0.0 X 0 0 0 HARRY BARTELS TRUSTEE 1.0 0.0 X 0 0 0 JANE WAGER TRUSTEE 1.0 0.0 X 0 0 0 DAVID OSTER PRESIDENT & EXECUTIVE DIRECTOR 45.0 2.0 X 299763 0 26999 299763 0 26999 1 false true false SELECT REHABILITATION PO BOX 71985 CHICAGO IL 606941985 THERAPY SERVICES 760212 TED KNIGHT AND SONS CONSTRUCTION 620 TEREX RD HUDSON OH 44236 CONSTRUCTION 497090 AUGERE CONSTRUCTION COMPANY 115 EXECUTIVE PKWY 2 HUDSON OH 44236 CONSTRUCTION 440508 AMERICAN MEDICAL PERSONNEL 1428 EDISON STREET NW HARTVILLE OH 44632 NURSING STAFF 235004 GEOPFERT COMPANY 1024 HOME AVENUE AKRON OH 44310 CONSTRUCTION 213232 6 221496 241152 462648 ANCILLARY SERVICES REVENUE 900099 2219170 2219170 RESIDENT SERVICES 623000 21382612 21382612 INCOME FROM ACTIVITIES 900099 1501919 1501919 25103701 265242 265242 0 0 0 0 0 16546692 16033136 513556 513556 513556 0 0 0 0 0 0 0 0 0 0 26345147 25103701 778798 0 0 0 0 299763 299763 0 7658042 7103955 554087 98442 98442 1403629 1389862 13767 0 460941 460941 0 26835 19164 7671 0 0 0 0 1411497 1287857 123640 279205 114641 164564 306371 274795 31576 290310 49344 240966 0 3725120 2218005 1507115 42550 38374 4176 0 39696 26125 13571 1801064 1775484 25580 0 3537667 3537667 326496 326496 DIETARY COSTS 1185029 1185029 FRANCHISE FEE 349307 349307 MEDICAL SUPPLIES 205729 205729 BAD DEBT EXPENSE 49813 49813 23497506 20184534 3312972 0 1443164 3505799 0 0 0 0 1395136 1381163 0 0 0 0 0 0 0 0 945081 700403 82627061 16157839 64747680 66469222 14620201 11689112 94308 94308 0 0 1500000 1500000 4686751 338011 89432321 85678018 2670241 2002019 0 0 29567546 29665661 12987802 8385000 0 0 0 0 26956667 25921667 0 0 4664788 5122304 76847044 71096651 X 12585277 14581367 0 0 0 0 12585277 14581367 89432321 85678018 2847641 -851551 X false true X true false X 230795 596508 265349 1890616 462648 3445916 23906357 23970453 24269566 24430524 25103701 121680601 0 0 0 24137152 24566961 24534915 26321140 25566349 125126517 0 0 0 125126517 2937 1382 124595 237227 265242 631383 0 2937 1382 124595 237227 265242 631383 0 0 24140089 24568343 24659510 26558367 25831591 125757900 0.99498 0.98529 0.00502 0.01471 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 45.00 1 false false 3598580 3598580 70607477 12565539 58041938 4596043 821347 3774696 3824961 2770953 1054008 66469222 0 ACCRUED REAL ESTATE TAX 1038063 REFUNDABLE ENTRANCE FEES 2059382 SECURITY DEPOSITS 2024859 5122304 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 & EXECUTIVE DIRECTOR 274763 0 25000 0 0 0 8490 0 18509 0 326762 0 0 0 A COUNTY OF SUMMIT OHIO 346002767 86605hba7 2013-12-30 14280000 TO FINANCE PROJECTS OF LLRC false false false A 5895000 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 FINANCE AND AUDIT COMMITTEES 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 BOARD OF DIRECTORS WHEN DETERMINING MR. OSTER'S COMPENSATION. THIS ANALYSIS WAS PERFORMED IN 2014 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 2014. 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. 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 false false false LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION C 221496 FMV