2025-11-17T16:13:15-06:00 2024-12-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2024-01-01 873705424 JUSTLIVING COMMUNITIES CORP JUST 7813385985 1 HARVEST CIRCLE LINCOLN MA 017733214 LARRY BRADSHAW PRESIDENT 7813385985 2025-11-17 1 0 KATHY FAIRCHILD P00222608 5155586600 2025-11-10 2024 2025-03-06 01:10:19Z X LARRY BRADSHAW 1 HARVEST CIRCLE LINCOLN MA 017733214 31948228 0 X HTTPS://JUSTLIVINGCOMMUNITIES.ORG/ X 2021 MA JUSTLIVING COMMUNITIES CORP (JLC) IS A NOT-FOR-PROFIT COMPANY DEDICATED TO SERVING OLDER ADULTS. OUR RESIDENTS ARE ABLE TO ENJOY COMMUNITY BASED LIVING WITH AN ACTIVE, CHOICE DRIVEN LIFESTYLE, WHILE HAVING THE SECURITY OF ONSITE HEALTHCARE BEING AVAILABLE SHOULD THE NEED ARISE. 4 4 0 4 0 0 194076 187755 23128595 30847633 624909 912840 0 0 23947580 31948228 0 0 0 0 12892190 16210362 0 0 0 28630135 35294550 41522325 51504912 -17574745 -19556684 159326560 439725310 202748655 502704089 -43422095 -62978779 JUSTLIVING COMMUNITIES SEEKS TO LEAD IN THE DELIVERY AND INNOVATION OF SERVICES FOR OLDER ADULTS, PROMOTING TRANSPARENCY, INCLUSIVITY AND COMMUNITY INTEGRATION WITHIN A CULTURE OF SOCIAL AWARENESS, WORKFORCE EQUITY AND ENVIRONMENTAL STEWARDSHIP. 0 0 47048839 29262364 JUSTLIVING COMMUNITIES CORP OWNS AND OPERATES A SENIOR LIVING COMMUNITY LOCATED IN LINCOLN, MASSACHUSETTS, KNOWN AS THE COMMONS IN LINCOLN (THE COMMUNITY). THE COMMUNITY IS SITUATED ON A 30 ACRES CAMPUS CONSISTING OF 168 INDEPENDENT LIVING UNITS ACROSS TWO MAIN APARTMENT-STYLE BUILDINGS AND 38 COTTAGES. THE COMMUNITY ALSO INCLUDES A HEALTH CARE FACILITY CONSISTING OF A 40 UNIT ASSISTED LIVING FACILITY, A 24 UNIT MEMORY CARE FACILITY, A 32 BED SKILLED NURSING FACILITY, AND AN ASSISTED REHABILITATION UNIT ON SITE TO PROVIDE THE SERVICES OF A CONTINUING CARE RETIREMENT COMMUNITY. EIGHT OF THE COMMUNITY'S INDEPENDENT LIVING UNITS ARE DESIGNATED AS LOW AND MODERATE INCOME UNITS. MONTHLY RENTAL RATES FOR THESE UNITS ARE RESTRICTED TO MAXIMUM ALLOWABLE AMOUNTS BASED ON THE RESIDENT'S INCOME. 2982686 1585269 JUSTLIVING COMMUNITIES CORP OWNS AND OPERATES A SENIOR LIVING COMMUNITY LOCATED IN WHEATON, ILLINOIS, KNOWN AS THE WYNDEMERE. THE COMMUNITY IS SITUATED ON A 25 ACRES CAMPUS CONSISTING OF 270 INDEPENDENT LIVING UNITS ACROSS AN APARTMENT-STYLE BUILDING AND 26 COTTAGES. THE COMMUNITY ALSO INCLUDES A HEALTH CARE FACILITY CONSISTING OF A 65 UNIT ASSISTED LIVING FACILITY, A 12 UNIT MEMORY CARE FACILITY, A 56 BED SKILLED NURSING FACILITY, AND AN ASSISTED REHABILITATION UNIT ON SITE TO PROVIDE THE SERVICES OF A CONTINUING CARE RETIREMENT COMMUNITY 50031525 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 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 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MA X X BENCHMARK SENIOR LIVING AND SQUIRE SANDERS PATTON BOGGS 7813385985 1 HARVEST CIRCLE LINCOLN MA 017733214 X LARRY BRADSHAW CHAIRMAN 4.00 X X 0 0 0 JEFF CARPENTER TREASURER 2.00 X X 0 0 0 PHILIPPE SAAD SECRETARY 2.00 X X 0 0 0 KATHRYN BROD BOARD MEMBER 3.00 X X 0 0 0 0 0 0 0 0 0 0 BENCHMARK SENIOR LIVING LLC 201 JONES ROAD WALTHAM MA 02451 MANAGEMENT COMPANY 1263146 BECHTEL FRANK ERICKSON ARCHITECTS 1723 MASSACHUSETTS AVENUE LEXINGTON MA 02420 ARCHITECT DESIGN SERVICES 790960 PRKOS PROPERTY MANAGEMENT INC 361 NEWBURY ST 5TH FLOOR BOSTON MA 02115 KITCHEN RENOVATION 427766 ONE POINT PARTNERS LLC 35 MAIN STREET TOPSFIELD MA 01938 ASSET MANAGEMENT AND DEVELOPMENT ADVISOR 323751 STANTEC CONSULTING SERVICES INC 13980 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 ENGINEER/ARCHITECT 191308 7 187755 187755 RESIDENT SERVICES 623000 29385922 29385922 ENTRANCE FEE AMOR, NON 623000 1059079 1059079 OTHER 812900 402632 402632 30847633 912840 912840 31948228 30847633 0 912840 13132909 13132909 143731 143731 1805523 1805523 1128199 1128199 1841844 1841844 135378 135378 96018 96018 141130 141130 838420 666225 172195 210206 210206 2817210 2584258 232952 14595 14595 6263767 6263767 3077838 3077838 340880 340880 AMORT INTANGIBLE ASSETS 7371429 7371429 RESIDENT SERVICE COSTS 5174543 5174543 ACCR OF INT ON RESIDENT 5168686 5168686 AMORT DEFERRED FINANCIN 1331693 1331693 470913 470913 51504912 50031525 1473387 0 20059756 54865405 1008390 74426592 491423 1024069 229549889 8557337 99615186 220992552 1512634 2129161 36639171 64817737 0 21469794 159326560 439725310 3703700 84068013 3618020 50209111 94033489 209844276 101393446 158582689 202748655 502704089 X 0 0 0 0 -43422095 -62978779 -43422095 -62978779 159326560 439725310 -19556684 0 X X 0 1 X 1 0 X 194076 187755 381831 23128595 30847633 53976228 23322671 31035388 54358059 0 0 0 54358059 624909 912840 1537749 624909 912840 1537749 23947580 31948228 55895808 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 5.10 0 1 1 1 2.00 0 0 17263547 17263547 199284147 6970268 192313879 961135 265327 695808 12041060 1321742 10719318 220992552 PART II, LINE 5: THE ORGANIZATION HAS A MAINTENANCE MANUAL FOR INSPECTION AND MONITORING OF THE PROPERTY. PART II, LINE 9: THE CONSERVATION EASEMENT WAS IN PLACE WHEN THE PROPERTY WAS PURCHASED. COSTS AND EXPENSES RELATED TO THE EASEMENT ARE NOT REPORTED SEPARATELY IN THE FINANCIAL STATEMENTS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57585BCU0 2024-12-19 102635000 REFUND PRIOR ISSUE ISSUED 04/5/2023 & EXPANSION OF SENIOR LIVING FACILITY 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45204FYR0 2024-12-17 58710000 ACQUISITION & EXPANSION OF SENIOR LIVING FACILITY 0 0 0 A 64775000 4000394 152550 985902 57075000 5985653 1 0 0 1 B 58710000 4484735 1145000 41438966 11641299 0 0 0 1 A 1 1 1 1 0 0.00290 0.00000 0.00290 0 0 1 B 1 1 1 1 0 0.00420 0.00000 0.00420 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 PART II, COLUMN A, LINE 3 THE ISSUE IS A DRAW-DOWN ISSUE. PROCEEDS OF THE BONDS THROUGH 12/31/2024 ONLY INCLUDES DRAWS MADE UNTIL SUCH DATE. FORM 990, PART VI, SECTION A, LINE 3 THE COMMUNITY IS MANAGED BY BENCHMARK SENIOR LIVING LLC. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED AT LEAST EVERY THREE YEARS. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE; (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH COMPANIES PERFORMING MANAGEMENT SERVICES FOR THE ORGANIZATION CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER THE ORGANIZATION'S CHARITABLE PURPOSES, AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION; AND (C) WHETHER THE ORGANIZATION HAS COMPLIED WITH THE PROCEDURES SET FORTH IN THIS CONFLICT OF INTEREST POLICY AND THE EFFICACY OF THE POLICY. WHEN CONDUCTING THE PERIODIC REVIEWS AS PROVIDED FOR IN THIS ARTICLE VIII, THE ORGANIZATION MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE BOARD OF DIRECTORS OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE IN THE ANNUAL DISCLOSURE STATEMENT WHICH IS FILED WITH THE COMMONWEALTH OF MASSACHUSETTS. THAT DOCUMENT ALSO OUTLINES THE GOVERNANCE STRUCTURE. ACTUAL GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES FROM PRIOR YEARS. NELP-COMMONS LLC ONE HARVEST CIRCLE LINCOLN MA 01773 873785398 OPERATE A CONTINUMM CARE RETIREMENT COMMUNITY DE 29315036 158461913 JUSTLIVING COMMUNITIES CORP NELP-COMMONS FLINT HOUSE LLC ONE HARVEST CIRCLE LINCOLN MA 01773 AFFORDABLE HOUSING DE 135083 3088843 NELP-COMMONS LLC NELP-WYNDEMERE LLC ONE HARVEST CIRCLE LINCOLN MA 01773 994862667 OWNS REAL ESTATE OF A CONTINUUM CARE RETIREMENT COMMUNITY DE 0 179948030 JUSTLIVING COMMUNITIES CORP NELP-WYNDEMERE OPERATOR LLC ONE HARVEST CIRCLE LINCOLN MA 01773 994873726 OPERATE A CONTINUMM CARE RETIREMENT COMMUNITY DE 1585269 98226525 JUSTLIVING COMMUNITIES CORP