2017-11-14T14:11:25-06:00 2016-12-31 222428965 CITRIN COOPERMAN & COMPANY LLP TEN WEYBOSSET STREET - SUITE 700 PROVIDENCE RI 02903 990 2016-01-01 050510787 OCEAN STATE ASSISTED LIVING OCEA 4018849099 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 LAURIE ANN OLIVEIRA ADMINISTRATOR 4018849099 2017-11-06 1 MICHAEL E CRISCIONE P01456801 4014214800 100.40.105.170 2017-11-06 09:03:52 ES P 62C0EC8E1D030903FC98AE483D954EBB8284558F FA1B4FA084DE96301C05524F92FC518635A5E6E1 2016 2017-02-10 21:41:12Z THE SEASONS EAST GREENWICH LAURIE ANN OLIVEIRA 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 5505935 0 X THESEASONS.ORG X 2000 RI ASSISTED LIVING COMMUNITY AND DEMENTIA CARE RESIDENCES. 7 7 93 0 0 0 6608 15997 5649544 5278031 47963 52748 34228 0 5738343 5346776 0 0 0 0 2078498 1992177 0 0 0 3314697 3247120 5393195 5239297 345148 107479 10348029 10187246 10428306 9991238 -80277 196008 THE MISSION OF THE ORGANIZATION IS TO PROVIDE A BALANCE OF COMMUNITY, WELLNESS AND ASSISTED LIVING SERVICES TO INDEPENDENT AND MEMORY IMPAIRED RESIDENTS WHILE PROMOTING RESIDENT QUALITY OF LIFE, DIGNITY AND MAXIMUM INDEPENDENCE. 0 0 4801530 5278031 PROVIDING QUALITY CARE WITH 66 TRADITIONAL ASSISTED LIVING APARTMENTS AND 20 DEMENTIA CARE RESIDENCES. 4801530 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 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 0 0 0 0 0 0 1 13 0 1 93 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X LAURIE ANN OLIVEIRA ADMINISTRATOR 4018849099 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 JULIE RICHARD PRESIDENT 1.00 X X 0 0 0 DAVID DONNELLY SR TREASURER 1.00 X X 0 0 0 CRAIG BUTZBACH SECRETARY 1.00 X 0 0 0 JOEL JOHNSON TRUSTEE 1.00 X 0 0 0 DIANE STEERE NOBLES TRUSTEE 1.00 X 0 0 0 NICOLE PLANTE TRUSTEE 1.00 X 0 0 0 J CHRIS WOULFE VICE PRESIDENT 1.00 X X 0 0 0 LINDA FORSBERG TRUSTEE 1.00 X 0 0 0 JULIE GOULET TRUSTEE 1.00 X 0 0 0 DANIEL HUGHES FINANCE DIRECTOR 8.00 X 0 0 0 LAURIE ANN OLIVEIRA ADMINISTRATOR 40.00 X 92201 0 2000 92201 0 2000 0 0 0 0 MORRISON MANAGEMENT SPECIALISTS PO BOX 102289 ATLANTA GA 30368 FOOD/DINING, MAINTENANCE, HOUSEKEEPING 1547363 0 13796 2201 15997 TENANT RENTS 623000 4967143 4967143 ANCILLARY SERVICES 623000 310888 310888 5278031 56958 56958 154949 159159 -4210 -4210 -4210 0 13796 0 0 5346776 5278031 0 52748 X 92201 46101 46100 1541424 1327236 214188 19488 16431 3057 177314 149500 27814 161750 136377 25373 14728 14728 19993 19993 14455 14455 1677739 1677739 34985 34985 16211 16211 33703 33703 438945 438945 19447 16925 2522 4918 4918 160437 160437 556660 556660 189482 186845 2637 ADMINISTRATIVE 55173 55173 BAD DEBTS 10244 10244 5239297 4801530 437767 0 836543 1032349 10965 3941 52774 41286 13560400 7017802 7023520 6542598 2314514 2481191 109713 85881 10348029 10187246 381318 350562 9860000 9500000 186988 140676 10428306 9991238 X -80277 182212 13796 -80277 196008 10348029 10187246 X 107479 128494 40312 X 0 1 X 1 0 X 39620 27742 50989 40862 15997 175210 5129102 5319625 5313505 5649544 5278031 26689807 5168722 5347367 5364494 5690406 5294028 26865017 0 0 0 26865017 55663 58813 56138 55560 56958 283132 55663 58813 56138 55560 56958 283132 5224385 5406180 5420632 5745966 5350986 27148149 0.98960 0.99040 0.01040 0.00960 X 12434373 6280117 6154256 196955 45085 151870 677847 505878 171969 251225 186722 64503 6542598 DEPOSITS 78001 INTEREST RATE SWAP 62675 140676 5501127 128494 40312 168806 5332321 14455 14455 5346776 5224842 0 5224842 14455 14455 5239297 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP 40,312. A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP NONEAVAIL 2011-10-03 11010000 REFUND A PRIOR ISSUE; FACILITY CONSTRUCTION 0 0 0 A 1510000 11010000 101669 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 6 OSAL IS ORGANIZED AS A NON-STOCK, NON-PROFIT CORPORATION WITH 2 MEMBERS: STEERE HOUSE, INC. AND SCANDINAVIAN HOME, INC., BOTH OF WHICH ARE RHODE ISLAND NON-PROFIT CORPORATIONS. THE TWO MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A OSAL IS GOVERNED BY A SEVEN-PERSON BOARD OF DIRECTORS, THREE OF WHOM ARE ELECTED BY THE BOARD OF DIRECTORS OF EACH OF THE CORPORATE MEMBERS, WITH THE BALANCE ELECTED BY THE BOARD MEMBERS OF OSAL. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S BY-LAWS INCLUDE A LIST OF DECISIONS THAT NEED TO BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY ACTIVE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND SENIOR MANAGERS OF THE ORGANIZATION ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE STATEMENTS IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY ARISE PERIODICALLY MUST BE DISCLOSED TO THE BOARD. TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15A THE ADMINISTRATOR'S COMPENSATION IS PART OF THE ORGANIZATION'S OVERALL BUDGET THAT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION FOR THE ADMINISTRATOR IS APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF KEY EMPLOYEES IS APPROVED BY THE ADMINISTRATOR AND INCLUDED IN THE OPERATING BUDGET THAT IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S LOCATION. FORM 990, PART IX, LINE 11G CONTRACTED DINING, HOUSEKEEPING AND MAINTENANCE: PROGRAM SERVICE EXPENSES 1,200,671. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,200,671. FOOD: PROGRAM SERVICE EXPENSES 324,275. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 324,275. OTHER RESIDENT RELATED COST: PROGRAM SERVICE EXPENSES 131,999. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 131,999. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 5,491. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,491. BANK FEES AND SERV. CHARGES: PROGRAM SERVICE EXPENSES 15,303. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,303. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 40,312.