2016-06-30T09:23:15-05:00 2015-12-31 453994797 LGC&D LLP TEN WEYBOSSET STREET - SUITE 700 PROVIDENCE RI 02903 990 2015-01-01 050510787 OCEAN STATE ASSISTED LIVING OCEA 4018849099 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 LAURIE ANN OLIVEIRA ADMINISTRATOR 4018849099 2016-06-15 1 MARTHA HULTZMAN P00107728 4014214800 2015 2016-09-27 15:27:22Z THE SEASONS EAST GREENWICH LAURIE ANN OLIVEIRA 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 6119914 0 X THESEASONS.ORG X 2000 RI ASSISTED LIVING COMMUNITY AND DEMENTIA CARE RESIDENCES. 8 8 120 0 0 0 16447 6608 5313505 5649544 57916 47963 34542 34228 5422410 5738343 0 0 0 0 2997760 2078498 0 0 0 2366417 3314697 5364177 5393195 58233 345148 10338671 10348029 10726230 10428306 -387559 -80277 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 4903737 5649544 PROVIDING QUALITY CARE WITH 66 TRADITIONAL ASSISTED LIVING APARTMENTS AND 20 DEMENTIA CARE RESIDENCES. 4903737 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 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 11 0 1 120 1 0 0 0 0 0 0 0 0 0 0 X 8 8 1 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 10.00 X X 0 0 0 LINDA FORSBERG TRUSTEE 1.00 X 0 0 0 CATHY YOUNG FIN. DIRECTOR (TERMINATED) 10.00 X 0 0 0 NANCY MUSSO ADMINISTRATOR (TERMINATED) 40.00 X 98536 0 10167 DANIEL HUGHES FINANCE DIRECTOR 8.00 X 0 0 0 LAURIE ANN OLIVEIRA ADMINISTRATOR 40.00 X 11038 0 0 109574 0 10167 0 0 0 0 MORRISON MANAGEMENT SPECIALISTS PO BOX 102289 ATLANTA GA 30368 FOOD/DINING, MAINTENANCE, HOUSEKEEPING 1548628 1 4448 2160 6608 TENANT RENTS 623000 5331583 5331583 ANCILLARY SERVICES 623000 317961 317961 5649544 55560 55560 358920 366517 -7597 -7597 -7597 49282 4448 15054 34228 34228 5738343 5649544 0 82191 X 109574 54787 54787 1574550 1323729 250821 24965 24965 204904 204904 164505 92942 71563 4758 4758 19978 19978 13504 13504 1730374 1730374 19649 19649 12494 12494 28888 28888 474237 474237 20554 15045 5509 6201 6201 147425 147425 546230 546230 216767 214168 2599 ADMINISTRATIVE 51928 51928 BANK FEES AND SERV. CHA 15435 15435 BAD DEBTS 6275 6275 5393195 4903737 489458 0 480174 836543 4632 10965 75498 52774 13507922 6484402 7348311 7023520 2311754 2314514 118302 109713 10338671 10348029 349488 381318 25013 0 10165000 9860000 186729 186988 10726230 10428306 X -387559 -80277 -387559 -80277 10338671 10348029 X 345148 -31607 -6259 X X 0 1 X 1 0 X 59413 39620 27742 50989 40862 218626 4937542 5129102 5319625 5313505 5649544 26349318 4996955 5168722 5347367 5364494 5690406 26567944 0 0 0 26567944 30610 55663 58813 56138 55560 256784 30610 55663 58813 56138 55560 256784 5027565 5224385 5406180 5420632 5745966 26824728 0.99040 0.99160 0.00960 0.00840 X 12395394 5813654 6581740 192821 35589 157232 669607 479770 189837 250100 155389 94711 7023520 DEPOSITS 84001 INTEREST RATE SWAP 102987 186988 5693272 -31567 -31567 5724839 13504 13504 5738343 5385990 6259 6259 5379731 13464 13464 5393195 PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP 6,259. GOLF TOURNAMENT 53730 4448 49282 6660 4548 3846 53730 4448 49282 6660 4548 3846 15054 34228 A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP NONEAVAIL 2011-10-03 11010000 REFUND A PRIOR ISSUE; FACILITY CONSTRUCTION 0 0 0 A 1150000 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 2 THE FORMER ADMINISTRATOR AND MAINTENANCE DIRECTOR, WHO BOTH TERMINATED EMPLOYMENT IN 2015, WERE MARRIED. THE MAINTENANCE DIRECTOR SUBSEQUENTLY ASSUMED EMPLOYMENT WITH THE CONTRACTED SERVICE PROVIDER USED BY OCEAN STATE ASSISTED LIVING (OSAL). 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 EIGHT-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 11 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 1,244,863. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,244,863. FOOD : PROGRAM SERVICE EXPENSES 318,029. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 318,029. OTHER RESIDENT RELATED COST: PROGRAM SERVICE EXPENSES 167,482. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 167,482. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -6,259. FORM 990, PART XII, LINE 2 EXPLANATION THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.