2025-11-06T11:54:44-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-01-01 042106771 WILLIAM B RICE EVENTIDE HOME INC WILL 7816605000 25 STONEHAVEN DRIVE SOUTH WEYMOUTH MA 02190 JOHN MONIZ III CHIEF EXECUTIVE OFFICER 7816605000 2025-11-06 1 0 KATARZYNA O PADZIK P02268641 7819821001 2025-11-06 2024 2025-03-06 01:10:19Z DWYER HOME AND FAIRING WAY JOHN MONIZ III 25 STONEHAVEN DRIVE SOUTH WEYMOUTH MA 02190 16417659 0 X WWW.FAIRINGWAY.ORG X 1924 MA TO PROVIDE QUALITY HOUSING, CARE, AND REHABILITATION SERVICES. 11 10 163 22 0 0 38164 16044 13006133 13811230 119091 -692387 0 -20575 13163388 13114312 0 0 0 0 6784470 7400841 0 0 0 8149372 8807493 14933842 16208334 -1770454 -3094022 87267317 84256830 91210598 91486890 -3943281 -7230060 X THE MISSION OF THE WILLIAM B. RICE EVENTIDE HOME,INC. IS TO PROVIDE EXCEPTIONAL CARE, HOUSING, AND SUPPORTIVE SERVICES FOR OLDER ADULTS IN A COMPASSIONATE, COMMUNITY-ORIENTED ENVIRONMENT. THROUGH ITS AFFILIATED ENTITIES DWYER HOME SKILLED NURSING, FAIRING WAY INDEPENDENT LIVING, AND WINGSPAN OUTPATIENT REHABILITATIONTHE ORGANIZATION IS DEDICATED TO ENHANCING QUALITY OF LIFE, PROMOTING WELLNESS, AND FOSTERING DIGNITY, INDEPENDENCE, AND ENGAGEMENT FOR EVERY RESIDENT AND PARTICIPANT. 0 0 13242876 0 13811230 WILLIAM B. RICE EVENTIDE HOME, INC. IS A NONPROFIT SENIOR LIVING ORGANIZATION PROVIDING A FULL CONTINUUM OF CARE AND HOUSING OPTIONS FOR OLDER ADULTS. THE ORGANIZATION OPERATES DWYER HOME, A SKILLED NURSING AND REHABILITATION CENTER; FAIRING WAY, AN INDEPENDENT LIVING COMMUNITY; AND WINGSPAN OUTPATIENT REHABILITATION. COLLECTIVELY, THESE ENTITIES OFFER HIGH-QUALITY HEALTHCARE, HOUSING, AND WELLNESS SERVICES THAT PROMOTE INDEPENDENCE, DIGNITY, AND ENGAGEMENT FOR RESIDENTS AND MEMBERS OF THE GREATER SOUTH SHORE COMMUNITY. 13242876 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 6 0 1 163 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X BRIAN FREEDMAN 7816605000 25 STONEHAVEN DRIVE SOUTH WEYMOUTH MA 02190 JOHN MONIZ III CEO AND DIRECTOR 40.00 X X 210553 0 975 LISA TRAN CERTIFIED NURSE AIDE 82.00 X 119847 0 33000 BRIAN FREEDMAN ADMINISTRATOR (AS OF 3/24) 40.00 X 146345 0 6266 KIMBERLY MCGRATH PHYSICAL THERAPIST 40.00 X 105500 0 42125 ADRIENNE SMITH MDS COORDINATOR 40.00 X 113535 0 28045 JULIE FRANCOEUR DIRECTOR OF NURSING (AS OF 4/24) 40.00 X 120961 0 12383 KENNETH STRONG EXECUTIVE DIRECTOR (UNTIL 12/23) 0.00 X 62022 0 1412 AMY ROSS PRESIDENT 5.00 X X 0 0 0 MARY DOHERTY DIRECTOR, VICE PRES (AS OF 3/24) 5.00 X X 0 0 0 ANNE MARCHETTA DIRECTOR, TREASURER (AS OF 3/24) 5.00 X X 0 0 0 DONALD POWELL TREASURER (UNTIL 02/24) 5.00 X X 0 0 0 SUSAN BELISLE CLERK 5.00 X X 0 0 0 KEVIN KIRBY DIRECTOR 5.00 X 0 0 0 JOHN DIORIO DIRECTOR 5.00 X 0 0 0 KERRY RYDER DIRECTOR (AS OF 04/24) 5.00 X 0 0 0 TUERE CRAWFORD DIRECTOR (AS OF 04/24) 5.00 X 0 0 0 ADAM ERNST DIRECTOR (AS OF 04/24) 5.00 X 0 0 0 AVRIL JACKSON-BLACK DIRECTOR (AS OF 04/24) 5.00 X 0 0 0 ADITI SHARMA DIRECTOR (UNTIL 06/24) 5.00 X 0 0 0 878763 0 124206 6 0 1 0 CMJ PROPERTIES CORPORATION 24 BROW AVE BRAINTREE MA 02184 CONSTRUCTION SERVICES 173000 1 16044 16044 MEDICARE RESIDENTS 623000 5179572 5179572 INDEPENDENT LIVING SERVICE REVENU 623000 4550916 4550916 PUBLICLY-AIDED RESIDENTS 623000 2057542 2057542 PRIVATE RESIDENTS 623000 1179247 1179247 AMORTIZATION OF ENTRANCE FEES 623000 475066 475066 368887 368887 13811230 19990 19990 290189 2249237 236559 3015244 53630 -766007 -712377 -712377 30969 16044 51544 -20575 -20575 13114312 13811230 0 -712962 274962 274962 5930586 5449151 481435 84445 77204 7241 568548 502538 66010 542300 479701 62599 261284 261284 18098 18098 115225 115225 7143 7143 809336 678783 130553 153325 153325 92555 23854 68701 200159 200159 1565651 1497174 68477 25871 25871 739756 618538 121218 2474255 2251603 222652 384441 355943 28498 PATIENT CARE EXPENSES 859625 859625 REAL ESTATE TAXES 448762 448762 USER FEE EXPENSE 216310 216310 CREDIT LOSS EXPENSE 138710 138710 296987 296987 16208334 13242876 2965458 0 3977252 10290629 34196 26183 987133 1046569 114064 86105 87891815 15878412 74490303 72013403 775261 671315 6889108 122626 87267317 84256830 984990 1450139 2334013 2305316 99000 80000 15811920 14400068 71980675 73251367 91210598 91486890 X -4003181 -7289960 59900 59900 -3943281 -7230060 87267317 84256830 X -3094022 -12143 -180614 X 0 1 X 1 0 X 553770 1278378 720459 38164 16044 2606815 8912336 10327801 11911214 13006133 13811230 57968714 9466106 11606179 12631673 13044297 13827274 60575529 1400 6552 7952 116874 116874 1400 123426 124826 60450703 43878 51765 44329 32174 19990 192136 43878 51765 44329 32174 19990 192136 9509984 11657944 12676002 13076471 13847264 60767665 0.99480 0.99590 0.00320 0.00410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1057 1057 0 PART II-B, LINE 1: DURING 2024, THE ORGANIZATION PAID MEMBERSHIP DUES TO STATE HEALTHCARE ORGANIZATIONS OF WHICH $1,057 WAS THE PORTION RELATED TO LOBBYING. 0 1 X 59900 59900 59900 59900 59900 59900 59900 59900 59900 59900 0.00000 0.68450 0.31550 0 0 3493296 3493296 80862515 13736932 67125583 3465399 2105421 1359978 70605 36059 34546 72013403 RESIDENT REFUNDABLE ENTRANCE DEPOSIT 73130508 LEASE LIABILITY 120859 73251367 X 12917562 -12143 -177464 -189607 13107169 7143 7143 13114312 16204341 0 16204341 7143 -3150 3993 16208334 PART IV, LINE 2B: PROSPECTIVE RESIDENTS ENTER INTO AGREEMENTS TO RESERVE A SPECIFIC UNIT IN THE INDEPENDENT LIVING COMMUNITY, WITH A 10% UNIT DEPOSIT OR $10,000 UNIT DEPOSIT, OR RESERVE A POSITION ON A PRIORITY LIST WITH A PRIORITY LIST DEPOSIT. THE PRIORITY LIST AND 10% UNIT DEPOSITS ARE FULLY REFUNDABLE UPON REQUEST AT ANY TIME, PLUS ACCUMULATED INTEREST INCOME EARNED ON THE DEPOSIT, LESS AN ADMINISTRATIVE FEE. THE $10,000 UNIT DEPOSITS ARE NONREFUNDABLE, UNLESS THE ORGANIZATION IS UNABLE TO DELIVER THE RIGHT TO OCCUPY THE UNIT ON THE CLOSING DATE. THE RESERVATION DEPOSITS ARE BEING HELD BY RICE SOUTHFIELD, LLC (DISREGARDED ENTITY OF RICE EVENTIDE). PART V, LINE 4: RESTRICTED ENDOWMENT FUNDS ARE TO BE USED FOR NEW RESIDENT BEDS. THE PERMANENT ENDOWMENT FUND'S INCOME IS USED FOR THE GENERAL PURPOSES OF THE HOME. PART X, LINE 2: RICE EVENTIDE IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. RICE SOUTHFIELD IS A SINGLE MEMBER LLC. EARNINGS AND LOSSES ARE INCLUDED IN THE MEMBER'S INCOME. RICE SOUTHFIELD'S ACTIVITY IS INCLUDED ON RICE EVENTIDE'S TAX RETURN. RICE EVENTIDE FILES AS A TAX-EXEMPT ORGANIZATION. THE ORGANIZATIONS FOLLOW THE POLICY FOR UNCERTAINTY IN INCOME TAXES TO BE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO UNCERTAIN INCOME TAX POSITIONS WERE IDENTIFIED FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EXTINGUISHMENT OF DEBT -180,614. SPECIAL EVENTS EXPENSES 3,150. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES -3,150. 100 YEAR GALA 47013 16044 30969 30969 2000 18575 47013 16044 30969 30969 2000 18575 51544 -20575 X X 1 0 0 0 0 0 0 1 0 JOHN MONIZ III CEO AND DIRECTOR 196153 0 14400 0 0 0 0 0 975 0 211528 0 0 0 LISA TRAN CERTIFIED NURSE AIDE 119847 0 0 0 0 0 0 0 33000 0 152847 0 0 0 BRIAN FREEDMAN ADMINISTRATOR (AS OF 3/24) 137980 0 8365 0 0 0 0 0 6266 0 152611 0 0 0 PART I, LINE 3 THE PRESIDENT OF THE BOARD AND MEMBERS OF THE EXECUTIVE COMMITTEE APPROVE CEO'S SALARY. THEY REGULARLY REVIEW SALARY STUDIES DONE BY STATE HEALTHCARE ASSOCIATIONS. APPROVAL IS DOCUMENTED IN THE BOARD OF DIRECTORS' MINUTES. THE CEO DETERMINES THE COMPENSATION OF THE ADMINISTRATOR AND HIGHLY COMPENSATED EMPLOYEES AFTER REVIEWING SALARY STUDIES DONE BY STATE AND NATIONAL HEALTHCARE ASSOCIATIONS. PART I, LINE 4A THE ORGANIZATION'S PRIOR EXECUTIVE DIRECTOR RECEIVED A SEVERANCE PAYMENT OF $34,269 DURING 2024. PART I, LINE 7 THE ORGANIZATION'S CEO RECEIVED A NONFIXED PAYMENT IN THE FORM OF A BONUS $14,400 BASED ON THE DISCRETION OF THE BOARD OF DIRECTORS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2024-12-01 14600000 PROCEEDS USED TO REFUND PRIOR TAX-EXEMPT BONDS 0 0 0 A 14600000 14600000 2024 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A AUTHORITY IS GRANTED TO AN EXECUTIVE COMMITTEE TO ACT ON BEHALF OF THE BOARD. THE PRESIDENT OF THE ORGANZIATION IS THE CHAIR AND THE EXECUTIVE COMMITTEE CONSISTS OF AT LEAST THREE MEMBERS OF THE BOARD OF DIRECTORS. THE PURPOSE OF THE COMMITTEE IS TO REVIEW ADMINISTRATIVE MATTERS AND THE FINANCIAL SITUATION OF THE CORPORATION INCLUDING THE INVESTMENT PORTFOLIO. ITS DUTIES SHALL BE TO DISCUSS AND RESOLVE QUESTIONS PERTAINING TO THE GENERAL OPERATION OF THE FACILITY, TO REVIEW AND APPROVE EXPENDITURES THAT NEED TO BE MADE PRIOR TO BOARD MEETINGS AND TO REVIEW THE VARIOUS FUNDS AND ACCOUNTS OF THE CORPORATION. DECISIONS MADE BY THE EXECUTIVE COMMITTEE ARE REPORTED TO THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 8B NO MINUTES ARE TAKEN FOR COMMITTEE MEETINGS AS ALL INFORMATION COMMUNICATED IN THESE MEETINGS IS COMMUNICATED TO THE BOARD BY A REPRESENTATIVE. ALL BOARD MEETINGS REQUIRE THAT MINUTES BE TAKEN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY TAX ADVISORS OF A NATIONAL ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THE EXECUTIVE DIRECTOR WILL REVIEW THE FORM 990 WITH MEMBERS OF THE BOARD'S EXECUTIVE COMMITTEE. IT WILL THEN BE DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY, COVERING THE BOARD OF DIRECTORS, THAT IS ENFORCED ANNUALLY BY DISTRIBUTION OF THE POLICY AND FOLLOW UP TO CONFIRM NO ONE IS IN CONFLICT OF THE POLICY. ANY POTENTIAL CONFLICTS OF INTEREST ARE REQUIRED TO BE REPORTED TO THE PRESIDENT IMMEDIATELY. IF A DIRECTOR HAS A SUSPECTED OR REPORTED CONFLICT OF INTEREST, THEY WILL BE PROHIBITED FROM VOTING ON MATTERS INVOLVING THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE BOARD AND MEMBERS OF THE EXECUTIVE COMMITTEE APPROVE CEO'S SALARY. THEY REGULARLY REVIEW SALARY STUDIES DONE BY STATE HEALTHCARE ASSOCIATIONS. APPROVAL IS DOCUMENTED IN THE BOARD OF DIRECTORS' MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. THE CEO DETERMINES THE COMPENSATION OF THE ADMINISTRATOR AND HIGHLY COMPENSATED EMPLOYEES AFTER REVIEWING SALARY STUDIES DONE BY STATE AND NATIONAL HEALTHCARE ASSOCIATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON EXTINGUISHMENT OF DEBT -180,614. RICE SOUTHFIELD LLC 25 STONEHAVEN DRIVE SOUTH WEYMOUTH MA 02190 273136975 REAL ESTATE INVESTMENT MA 5181618 39909267 WILLIAM B RICE EVENTIDE HOME INC