2018-05-09T16:08:22-05:00 2017-06-30 263753134 CBIZ MHM LLC 500 Boylston Street Boston MA 02116 990 2016-07-01 223042122 LASELL VILLAGE INC LASE 6176637000 120 SEMINARY AVE AUBURNDALE MA 02466 michael j hoyle ph d vp for admin. & finance 6176637000 2018-04-26 1 Craig Klein P00734640 6177610600 2018-04-26 2016 2022-09-23 18:48:47Z Michael B Alexander 120 SEMINARY AVE AUBURNDALE MA 02466 31700633 0 X www.LASELLVILLAGE.COM X 1990 MA LASELL VILLAGE, SPONSORED BY LASELL COLLEGE, IS HOME TO SOME 205 RESIDENTS IN ITS INDEPENDENT LIVING APARTMENTS, SUPPORTED LIVING STUDIOS AND INCLUDES A 38 BED SKILLED NURSING FACILITY. OPEN SINCE MAY 2000, THE VILLAGE COMBINES THE ELEMENTS OF LIFELONG LEARNING, RETIREMENT LIVING, SUPPORT SERVICES, SHORT-TERM REHABILITATION AND LONG-TERM CARE. 10 10 252 20 0 0 2322 13228 17566902 18208430 701044 957638 147925 173267 18418193 19352563 0 0 0 0 7040390 7459995 0 0 0 12379575 13307959 19419965 20767954 -1001772 -1415391 79488143 85255955 115701142 116976732 -36212999 -31720777 X LASELL VILLAGE, SPONSORED BY LASELL COLLEGE, IS HOME TO SOME 205 RESIDENTS IN ITS INDEPENDENT LIVING APARTMENTS, SUPPORTED LIVING STUDIOS AND INCLUDES A 38 BED SKILLED NURSING FACILITY. OPEN SINCE MAY 2000, THE VILLAGE COMBINES THE ELEMENTS OF LIFELONG LEARNING, RETIREMENT LIVING, SUPPORT SERVICES, SHORT-TERM REHABILITATION AND LONG-TERM CARE. 0 0 17121816 18208430 Lasell Village operates a continuing care retirement community and provides, in cooperation with Lasell College, residential and non-residential education programs for elderly persons. Through intergenerational learning activities with the faculty and students of Lasell College and programs sponsored by the on-site Rosemary B. Fuss Center for Research on Aging and Intergenerational Studies, Lasell Village disseminates current and broad-based information about aging and factors that contribute to well-being in later life. Lasell Village sponsors and partners in research with other educational and research institutions regarding the cognitive, emotional, physical needs and capabilities of the elderly and the value of continued learning in later life. Number of residents enrolled per semester and the number of courses offered:Fall 2016: 178 residents enrolled in 21 coursesSpring 2017: 174 residents enrolled in 19 coursesSummer 2017: 176 residents enrolled in 21 courses 17121816 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 45 0 1 252 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 MA X X pamela paterson 6176637056 120 seminary ave auburndale MA 02466 Adele Fleet Bacow Chairman 2.00 0.00 X X 0 0 0 Gerald Polcari Treasurer 2.00 0.00 X X 0 0 0 susan hass clerk 1.00 0.00 X X 0 0 0 Sally Andrews clerk (until 12/16) 1.00 0.00 X X 0 0 0 Cynthia Dember Resident trustee 1.00 0.00 X 0 0 0 Margery Silver Resident Trustee 1.00 0.00 X 0 0 0 jeffrey augustine Director 1.00 0.00 X 0 0 0 dr joel bauman Director 1.00 0.00 X 0 0 0 christine doyle Director 1.00 0.00 X 0 0 0 fred pryor Director 1.00 0.00 X 0 0 0 eric turner Director 1.00 0.00 X 0 0 0 Claire McGuire Director (Until 12/16) 1.00 0.00 X 0 0 0 Ruth Nemzoff Director (until 12/16) 1.00 0.00 X 0 0 0 Anne e Doyle President - Lasell Village 40.00 10.00 X 0 218593 14066 Pamela Faria Assistant Clerk 10.00 40.00 X 0 138414 21644 Michael Alexander Pres. Lasell Coll./ceo - lasell village 10.00 40.00 X 0 403535 102932 Dr Michael J Hoyle VP Admin. & Finance Lasell college 10.00 40.00 X 0 229313 26628 Elizabeth Ihenacho Nursing Supervisor 40.00 0.00 X 121724 0 27943 Edith Ebozue rn 40.00 0.00 X 108502 0 6782 Gina St Fleur RN 40.00 0.00 X 110113 0 29832 Maria Leone RN 40.00 0.00 X 136477 0 8420 476816 989855 238247 4 0 1 0 Lasell College 1844 Commonwealth Ave Newton MA 02466 MANAGEMENT CONTRACT 1800805 Genesis Rehabilitation Services PO Box 821322 Philadelphia PA 19170 Rehab for skilled nursing unit 1167931 Genesis Eldercare 101 East State St 3rd floor Kennett Square PA 19348 skilled NURSING Mgmt. CONTRACT 411191 Perkins Eastman Architects PC 20 Ashburton Pl Floor 8 Boston MA 02108 Architects for Renovations 348634 4 13228 9836 13228 RESIDENTIAL FEES 623000 11335715 11335715 SKILLED NURSING 623000 5136269 5136269 EARNED ENTRANCE FEE 623000 878467 878467 Supported Living Unit Fees 623000 857979 857979 18208430 746949 746949 12558759 12348070 210689 210689 210689 Other Income 900099 173267 173267 173267 19352563 18208430 0 1130905 273514 273514 5808294 5274343 533951 175420 160111 15309 781970 724052 57918 420797 379950 40847 676408 676408 8534 8534 172313 172313 11260 11260 1753174 1621346 131828 87348 87348 175283 19222 156061 204285 164079 40206 3861877 2800540 1061337 7694 7694 7043 460 6583 814163 758285 55878 3702945 3448802 254143 197281 183741 13540 real estate taxes 683886 683886 facilities maint. cont. 576083 576083 land lease 205840 205840 resident activities 75982 75982 86560 45094 41466 20767954 17121816 3646138 0 4252991 6956906 798148 813118 2318954 2499712 918000 476910 1579527 1515913 71373013 36025657 35656518 35347356 20409222 23343101 13357209 14103973 197574 198966 79488143 85255955 1735857 2110307 1070722 1145869 16745889 16241260 96148674 97479296 115701142 116976732 X -36284573 -31795743 71574 74966 -36212999 -31720777 79488143 85255955 X -1415391 3737768 2169845 X 0 1 X 1 0 X 69245 2322 13228 84795 17223745 18296462 16653350 17566902 18208430 87948889 17223745 18296462 16722595 17569224 18221658 88033684 329441 213096 266375 304605 310478 1423995 0 329441 213096 266375 304605 310478 1423995 86609689 649034 645808 768725 796476 746949 3606992 649034 645808 768725 796476 746949 3606992 146959 138821 136465 147925 173267 743437 18019738 19081091 17627785 18513625 19141874 92384113 0.93750 0.93730 0.03900 0.03810 X Schedule A, Part III, Line 12, Explanation of Other Income: other income - 2012 Amount: $ 146,959. 2013 Amount: $ 138,821. 2014 Amount: $ 136,465. 2015 Amount: $ 147,925. 2016 Amount: $ 173,267. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71574 3386 7 74967 69245 2322 7 71574 69245 69245 1.00000 0.00000 0.00000 0 0 63528166 33166724 30361442 7844847 2858933 4985914 35347356 corporate bonds 9683799 F preferred stock 3673135 F government obligations 444039 F Mutual Funds 303000 F 14103973 REFUNDABLE DEPOSITS & INTEREST 124000 NONREFUNDABLE ENTRANCE FEES 5468633 REFUNDABLE ENTRANCE FEES 86064160 FAIR VALUE OF INTEREST SWAP 3231430 Due to Affiliates 236908 Future Service Obligation 2354165 97479296 X 25260176 3737768 2169845 5907613 19352563 0 19352563 20767954 0 20767954 0 20767954 Part X, Line 2: The Village accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The Village has identified its tax status as a tax-exempt entity and its determination as to its income being related or unrelated as its only significant tax positions; however, the Village has determined that such tax positions do not result in an uncertainty requiring recognition. The Village is not currently under examination by any taxing jurisdictions. The Village's Federal and state tax returns are generally open for examination for three years following the date filed. Part XI, Line 2d - Other Adjustments: change in fair value of interest rate swap 1,459,211. obligation to provide future services 710,634. 0 1 0 0 0 0 0 1 0 Anne e Doyle President - Lasell Village 0 203077 0 15000 0 516 0 12346 0 1720 0 232659 0 0 Pamela Faria Assistant Clerk 0 127622 0 10000 0 792 0 9840 0 11804 0 160058 0 0 Michael Alexander Pres. Lasell Coll./ceo - lasell vill 0 374011 0 19000 0 10524 0 77375 0 25557 0 506467 0 0 Dr Michael J Hoyle VP Admin. & Finance Lasell college 0 209037 0 20000 0 276 0 15856 0 10772 0 255941 0 0 Part I, Line 4b During the calendar year ended december 31, 2016 the college offered retirement plans pursuant to section 457(f) of the Internal Revenue code for certain employees, as follows: Micheal Alexander, $40,000 Part I, Line 7 Bonuses were awarded to certain employees during the year. A bonus was awarded to the Director of Business and Finance at the recommendation of the VP for Lasell Village at Lasell College and the VP for Business & Finance/CFO with the approval of the President of Lasell College/CEO Lasell Village. Bonuses for all other persons were awarded at the discretion of the VP for Lasell Village at Lasell College with the approval of the President of Lasell College/CEO Lasell Village. A Massachusetts Development Finance Agency 043431814 2014-06-19 17906000 refinance 2007 bonds. 0 0 0 A 1482000 17906000 201000 17705000 2007 1 0 1 1 A 0 0 0 1 1 1 bank of america 30.000000000000 0 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: Massachusetts Development Finance Agency Date the Rebate Computation was Performed: 06/30/2017 Form 990, Part VI, Section A, line 3 The governing body of Lasell Village has authorized Lasell College through a management contract as the management company to perform the management duties typically handled by direct supervision of officers or key employees. Lasell Village shall have the right, upon notice to Lasell College, to change, repeal or alter policies adopted and/or implemented by Lasell College in connection with managing the day-to-day operations. Form 990, Part VI, Section B, line 11b The form 990 was provided to all board members and was reviewed by the board of trustees at a meeting held on april 12, 2018 prior to filing. Form 990, Part VI, Section B, line 12c Our organization regularly and consistently enforces compliance with our written conflict of interest policy by having each trustee, principal officers and member of a committee with board delegated powers annually sign a statement which affirms their understanding of the policy and they indicate whether or not a conflict exists. The policy is also reviewed annually with managers and which in turn review annually with their staff. Form 990, Part VI, Section B, line 15 The Chairman of the Board of Trustees in consultation with the Executive Committee of the Board of Trustees conduct an annual written evaluation of the President and establishes compensation based on a comparison of presidents at similar sized institutions. The president conducts an annual written evaluation of key employees taking into account compensation of peers at similar sized institutions. Form 990, Part VI, Section C, line 19 The 990 is available on Guidestar and the Massachusetts Attorney General's website. The form 1023 is available upon request. Also available upon request are our governing documents, conflict of interest policy and financial statements. Form 990, Part XI, line 9: CHANGE IN FAIR VALUE OF INTERST RATE SWAP 1,459,211. Obligation to Provide Future Services 710,634. Form 990, Part VI, Line 9: Sally Andrews, Director 3780 Mystic Valley Parkway #353 Medford, MA 02155 Claire McGuire, Director 270 Kenrick Street Newton, MA 02458 Ruth Nemzoff, Director 1160 Beacon Street, #304 Brookline, MA 02446 Lasell College Inc 1844 Commonwealth Avenue Newton MA 02466 042103585 Education MA 501(C)(3) Line 2 Lasell Inc 0 Lasell Inc 1844 Commonwealth Avenue newton MA 02466 861070319 administrative support MA 501(C)(3) Line 12b, II N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 NA