2017-08-25T12:59:34-05:00 2016-12-31 060903326 WHITTLESEY & HADLEY PC 14 BOBALA RD HOLYOKE MA 01040 990 2016-01-01 042996627 LATHROP COMMUNITY INC LATH 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 THOMAS WRIGHT OFFICER 4135860006 2017-08-25 1 STEVE C ERICKSON P00544148 4135363970 50.250.21.225 2017-08-25 13:57:01 ED P 56BD562EE34DE4B8D8F4BB0309BF614124F91572 C6A38E16272A5CE120D04A8B3AC4BAACF4633009 2016 2021-01-29 14:40:06Z THOMAS WRIGHT 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 5076558 0 X WWW.LATHROP.KENDAL.ORG X 1988 MA TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 16 16 78 30 0 0 176034 101537 4871085 4774169 -7685 13411 0 0 5039434 4889117 0 0 0 0 2359175 2328610 0 0 0 3466644 3528890 5825819 5857500 -786385 -968383 24188156 24018357 43007756 43734682 -18819600 -19716325 TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 0 0 4299204 4774169 SALES, MAINTENANCE OF RESIDENTIAL UNITS AND COMMON AREAS, RESALE FOR RESIDENTS, RESIDENT ACTIVITIES, AND SUPPORT SERVICES. 4299204 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 25 0 1 78 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X FRANK SANSOM 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 TIM BRENNAN SECRETARY 1.00 X X 0 0 0 SUSAN CLOPTON DIRECTOR 1.00 X 0 0 0 CHARLES JOHNSON TREASURER 1.00 X X 0 0 0 ANNE LANNING CHAIR 5.00 X X 0 0 0 MARIANNE ZURN DIRECTOR 1.00 X 0 0 0 KAREN CLARK DIRECTOR 1.00 X 0 0 0 PETER VAN PELT VICE CHAIR 1.00 X X 0 0 0 JACK DEVLIN DIRECTOR 1.00 X 0 0 0 BRUCE HAWKINS DIRECTOR 1.00 X 0 0 0 PETER ROWE DIRECTOR 1.00 X 0 0 0 PHEBE SESSIONS DIRECTOR 1.00 X 0 0 0 JOAN WOFFORD DIRECTOR 1.00 X 0 0 0 DAVID STEVENS DIRECTOR 1.00 X 0 0 0 ELLEN OBER DIRECTOR 1.00 X 0 0 0 ROBIN LONGO DIRECTOR 1.00 X 0 0 0 LISA HALBERT DIRECTOR 1.00 X 0 0 0 FRANK SANSOM DIR OF FINANCE-BEG NOV 2016 40.00 X 14102 0 3431 THOMAS WRIGHT EXECUTIVE DIRECTOR 40.00 X 185000 0 28063 DEBRA PARRY DIR OF FINANCE-THRU AUG 2016 40.00 X 66188 0 9900 EDWARD ETHEREDGE ASSISTANT CLERK 1.00 X 1140 0 0 266430 0 41394 1 0 1 0 SPRINGVALLEY LANDSCAPING PO BOX 711 HATFIELD MA 01038 LANDSCAPING SERVICES 248154 KENDAL CORPORATION 1107 E BALTIMORE PIKE KENNETT SQUARE PA 19348 AFFILIATION SERVICES 181200 JOHN ASSAD CONSTRUCTION 35 BRENTWOOD DRIVE WILBRAHAM MA 01095 CONSTRUCTION SERVICES 174950 DECOSME CONSTRUCTION 452 MAPLE ROAD LONGMEADOW MA 01106 CONSTRUCTION SERVICES 159690 DIMAURO CARPET & TILE 185 SHAKER ROAD EAST LONGMEADOW MA 01028 FLOORING SERVICES 114868 5 101537 101537 RESIDENT FEES 531390 3830261 3830261 AMORT OF ENT FEES 531390 478264 478264 OTHER FEES 812900 267490 267490 SUPPORT SERVICE FEES 812900 198154 198154 4774169 29604 29604 171248 168075 19366 3173 -19366 -16193 -16193 4889117 4774169 0 13411 307824 307824 1646050 1217038 429012 37786 20866 16920 158314 126860 31454 178636 124101 54535 4093 4093 42973 42973 18516 18516 223025 223025 38615 1279 37336 92774 92774 570432 542050 28382 33407 26696 6711 2840 11 2829 143439 143439 182370 182370 1450521 1450521 35569 35569 GROUNDS MAINTENANCE 249793 249793 FOOD SERVICE SUPPLIES 143181 143181 OTHER REPAIRS AND MAINT 135210 135210 TELECOMMUNICATIONS 79936 79936 82196 38223 43973 5857500 4299204 1558296 0 823 823 1903141 2000414 3000 3000 44585 88699 76877 54260 40622019 19836000 21259087 20786019 860704 902209 39939 182933 24188156 24018357 285189 279570 2195665 2301409 2993377 2720646 37533525 38433057 43007756 43734682 X -19220362 -20167060 228762 278735 172000 172000 -18819600 -19716325 24188156 24018357 X -968383 34405 37253 X 0 1 X 1 0 X 134096 655959 497879 176034 101537 1565505 5974732 4625286 4131471 4871085 4774169 24376743 6108828 5281245 4629350 5047119 4875706 25942248 0 0 0 25942248 29474 33292 29723 24158 29604 146251 29474 33292 29723 24158 29604 146251 6138302 5314537 4659073 5071277 4905310 26088499 0.99440 0.99460 0.00560 0.00540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 938842 52661 991503 890341 72000 -285 23214 938842 825134 10000 55207 890341 531410 180000 113724 825134 468565 62845 531410 0.75710 0.17340 0.06950 0 0 1444022 1444022 38440678 19291432 19149246 613295 449246 164049 124024 95322 28702 20786019 CHARITABLE GIFT ANNUNITIES 43389 DEPOSIT-PROSPECTIVE RESIDENTS 309000 REFUNDABLE ENTRANCE FEES 38080668 38433057 4980141 34405 37253 71658 4908483 -19366 -19366 4889117 5876866 19366 19366 5857500 0 5857500 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS PART V, LINE 4 INCOME FROM PERMANENTLY RESTRICTED ENDOWMENT FUNDS IS TEMPORARILY RESTRICTED AND WILL BE USED FOR RESIDENCY ASSISTANCE, PROFESSIONAL DEVELOPMENT FOR LATHROP'S EMPLOYEES, COLLEGE LEVEL SCHOLARSHIP ASSISTANCE FOR CHILDREN OF LATHROP'S EMPLOYEES, AND OPERATING SUPPORT AS DETERMINED BY LATHROP'S MANAGEMENT. INCOME FROM BOARD DESIGNATED ENDOWMENT FUNDS WILL BE USED TO ACCOMPLISH OTHER SPECIFIC OBJECTIVES OF THE ORGANIZATION. X X X 0 0 0 0 0 0 0 0 0 THOMAS WRIGHT EXECUTIVE DIRECTOR 185000 0 0 0 0 0 0 0 28063 0 213063 0 0 0 JIM MORAN OWNER OF MJ MORAN 34058 PLUMBING AND HEATING SERVICES 0 FORM 990, PART VI, SECTION A, LINE 7B LATHROP HAS AN AFFILIATION AGREEMENT WITH THE KENDAL CORPORATION (KENDAL) . LATHROP REMAINS A SEPARATE CORPORATION WITH ITS OWN BOARD OF DIRECTORS. UNDER THE AFFILIATION AGREEMENT, KENDAL MUST APPROVE 1) THE ELECTION OF BOARD MEMBERS OF LATHROP, 2) AMENDMENTS TO THE ARTICLES OF INCORPORATION AND CERTAIN SECTIONS OF THE BYLAWS, 3) INCURRENCE OF DEBT IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, 4) CHANGES IN THE CORPORATE PURPOSE, 5) USE OF THE NAME "KENDAL", 6) THE SUBSTANCE OF RESIDENT CONTRACTS, 7) PURCHASE, SALE, LEASE OR OTHER DISPOSITION OF REAL ESTATE OR IMPROVEMENTS THEREON WITH THE VALUE IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, AND 8) DISSOLUTION, MERGER OR ACQUISTION OF ANOTHER ENTITY. KENDAL PROVIDES MANAGEMENT ADVICE AND EXPERTISE IN EVERY AREA OF OPERATIONS TO LATHROP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS WILL RECEIVE THE FORM 990 AND ITS ACCOMPANYING SCHEDULES AND PERFORM A BRIEF REVIEW FOR OVERALL ACCURACY AND COMPLETENESS BEFORE SIGNING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD OF DIRECTORS, SENIOR MANAGERS, AND DIRECTORS EMERITUS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. A BOARD COMMITTEE HAS PRIMARY OVERSIGHT FOR THE COMPLETION OF THE CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE EXECUTIVE DIRECTOR COMPENSATION. THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPARABILITY WAGE DATA DERIVED FROM BOTH LOCAL AND NATIONAL SALAY SURVEY SOURCES. EXECUTIVE DIRECTOR IS NOT PART OF THE DELIBERATION REGARDING HIS COMPENSATION. EXECUTIVE DIRECTOR IS RESPONSIBLE FOR THE DETERMINATION OF THE DIRECTOR OF FINANCE'S COMPENSATION, IN CONSULTATION WITH KENDAL CORPORATION AND LATHROP'S DIRECTOR OF HUMAN RESOURCES, DERIVED FROM BOTH LOCAL AND NATIONAL SALARY SURVEY SOURCES. DIRECTOR OF FINANCE IS NOT PART OF THE DELIBERATION REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 LATHROP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 37,253. THE KENDAL CORPORATION 1107 EAST BALTIMORE PIKE KENNETT SQUARE PA 19348 232688382 ADMIN SERVICE PA 501 (C)(3) 11C N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 THE KENDAL CORPORATION M 182370 FAIR VALUE