2016-05-03T15:13:17-05:00 2015-12-31 060903326 WHITTLESEY & HADLEY PC 14 BOBALA RD HOLYOKE MA 01040 990 2015-01-01 042996627 LATHROP COMMUNITY INC LATH 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 THOMAS WRIGHT OFFICER 4135860006 2016-04-26 1 STEVE C ERICKSON P00544148 4135363970 2015 2016-09-27 15:27:22Z THOMAS WRIGHT 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 5185917 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. 22 21 84 30 0 0 497879 176034 4131471 4871085 48511 -7685 0 0 4677861 5039434 0 0 0 0 2680684 2359175 0 0 0 3503177 3466644 6183861 5825819 -1506000 -786385 23840056 24188156 41852221 43007756 -18012165 -18819600 TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 0 0 4298617 4871085 SALES, MAINTENANCE OF RESIDENTIAL UNITS AND COMMON AREAS, RESALE FOR RESIDENTS, RESIDENT ACTIVITIES, AND SUPPORT SERVICES. 4298617 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 18 0 1 84 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X DEBRA PARRY 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 LAURA CRANSHAW DIRECTOR 1.00 X 0 0 0 MARILYN RICHARDS DIRECTOR 1.00 X 0 0 0 TIM BRENNAN DIRECTOR 1.00 X 0 0 0 SUSAN CLOPTON DIRECTOR 1.00 X 0 0 0 BRUCE FOGEL ESQ TREASURER 1.00 X X 0 0 0 IRENE LAMSON CHAIR 5.00 X X 0 0 0 LORNA PETERSON DIRECTOR 1.00 X 0 0 0 MARIANNE ZURN DIRECTOR 1.00 X 0 0 0 KAREN CLARK DIRECTOR 1.00 X 0 0 0 WILLA FASTEN DIRECTOR 1.00 X 0 0 0 ANNE LANNING VICE CHAIR 1.00 X X 0 0 0 ANN SHANAHAN DIRECTOR 1.00 X 0 0 0 ANNE-MARIE SZMYT DIRECTOR 1.00 X 0 0 0 FRAN VOLKMANN SECRETARY 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 DIEDRICK SNOEK DIRECTOR 1.00 X 0 0 0 PETER VAN PELT DIRECTOR 1.00 X 0 0 0 JOAN WOFFORD DIRECTOR 1.00 X 0 0 0 EDWARD ETHEREDGE ASSISTANT CLERK 1.00 X 180 0 0 DEBRA PARRY DIRECTOR OF FINANCE 40.00 X 94438 0 8438 THOMAS WRIGHT EXECUTIVE DIRECTOR 40.00 X 185000 0 26200 279618 0 34638 1 0 1 0 SPRINGVALLEY LANDSCAPING PO BOX 711 HATFIELD MA 01038 LANDSCAPING SERVICES 272168 BONDE CONSTRUCTION & DESIGN 205 PARK STREET EASTHAMPTON MA 01027 CONSTRUCTION SERVICES 218190 JOHN ASSAD CONSTRUCTION 35 BRENTWOOD DRIVE WILBRAHAM MA 01095 CONSTRUCTION SERVICES 198795 KENDAL CORPORATION 1107 E BALTIMORE PIKE KENNETT SQUARE PA 19348 AFFILIATION SERVICES 189072 DIMAURO CARPET & TILE 185 SHAKER ROAD EAST LONGMEADOW MA 01028 FLOORING SERVICES 135706 6 176034 176034 RESIDENT FEES 531390 3835760 3835760 AMORT OF ENT FEES 531390 503174 503174 SUPPORT SERVICE FEES 812900 297277 297277 OTHER FEES 812900 234874 234874 4871085 24158 24158 114640 108503 37980 6137 -37980 -31843 -31843 5039434 4871085 0 -7685 314256 314256 1654668 1248023 406645 28714 18750 9964 176601 142871 33730 184936 134969 49967 12303 12303 28195 28195 958 958 229546 229546 38193 2301 35892 96346 96346 577103 547537 29566 34073 20523 13550 4813 149 4664 181679 181679 189072 189072 1335396 1335396 29846 29846 GROUNDS MAINTENANCE 274892 274892 FOOD SERVICE SUPPLIES 155032 155032 OTHER REPAIRS AND MAINT 120886 120886 TELECOMMUNICATIONS 72806 72806 85505 42803 42702 5825819 4298617 1527202 0 X 823 823 1370856 1903141 8789 3000 78213 44585 59949 76877 39768029 18508942 21491090 21259087 830336 860704 0 39939 23840056 24188156 354878 285189 1990727 2195665 3595184 2993377 35911432 37533525 41852221 43007756 X -18348155 -19220362 235990 228762 100000 172000 -18012165 -18819600 23840056 24188156 X -786385 -24501 3451 X 0 1 X 1 0 X 89739 134096 655959 497879 176034 1553707 5497266 5974732 4625286 4131471 4871085 25099840 5587005 6108828 5281245 4629350 5047119 26653547 0 0 0 26653547 27129 29474 33292 29723 24158 143776 27129 29474 33292 29723 24158 143776 5614134 6138302 5314537 4659073 5071277 26797323 0.99460 0.99450 0.00540 0.00550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 890341 72000 -285 23214 938842 825134 10000 55207 890341 531410 180000 113724 825134 468565 62845 531410 464636 10000 -6071 468565 0.75990 0.18320 0.05690 0 0 1444022 1444022 37606477 18029773 19576704 603006 413669 189337 114524 65500 49024 21259087 CHARITABLE GIFT ANNUNITIES 88145 DEPOSIT-PROSPECTIVE RESIDENTS 261000 REFUNDABLE ENTRANCE FEES 37184380 37533525 5056364 -24501 3451 -21050 5077414 -37980 -37980 5039434 5863799 37980 37980 5825819 0 5825819 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 26200 0 211200 0 0 0 JIM MORAN OWNER OF MJ MORAN 68666 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 11 ONE OFFICER OF LATHROP WITH SIGNATURE RESPONSIBILITY 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 COMMUNITY DIRECTOR OF HUMAN RESOURCES, DERIVED FROM BOTH LOCAL AND NATIONAL SALARY SURVEY SOURCES. DIRECTOR OF FINANCE IS NOT PART OF THE DELIBERATION REGARDING HER 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. 990 PART X LINES 19 & 25 BEGINNING OF THE YEAR REFUNDABLE ENTRANCE FEES TOTALING $35,602,238 WERE RECLASSIFIED FROM LINE 19 TO LINE 25 TO BE CONSISTENT WITH CURRENT YEAR PRESENTATION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,451. 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 189072 FAIR VALUE