2015-02-04T09:00:27-06:00 2014-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY COURT ALBANY NY 12205 990 2013-07-01 260701980 SHAKER POINTE AT CARONDELET INC SHAK 5182504890 1 BELL TOWER DRIVE WATERVLIET NY 12189 SISTER EILEEN MCCANN CSJ PRESIDENT 5182504890 2015-01-26 1 JOHN C OLSEN P00321116 5184644080 2015-01-26 2013 2016-03-07 17:11:31Z X SISTER EILEEN MCCANN CSJ 1 BELL TOWER DRIVE WATERVLIET NY 12189 2169526 0 X WWW.SHAKERPOINTE.ORG X 2007 NY DEVELOPMENT AND OPERATION OF RETIREMENT COMMUNITY. 11 11 9 0 0 0 0 120000 992457 2034858 527 1291 0 13377 992984 2169526 0 0 0 0 141587 168850 0 0 0 2052627 3208708 2194214 3377558 -1201230 -1208032 40214522 48039227 42476601 51509338 -2262079 -3470111 DEVELOPMENT AND OPERATION OF RETIREMENT COMMUNITY. 0 0 2494372 2048235 THE FUNCTION OF THE SHAKER POINTE AT CARONDELET RETIREMENT COMMUNITY IS TO PROVIDE RESIDENTS WITH INDEPENDENT LIVING APARTMENTS AND TO PROVIDE THE RESIDENTS WITH CENTRAL DINING AND SPACE FOR A VARIETY OF SOCIAL AND RECREATIONAL ACTIVITIES. 2494372 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 12 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 1 0 X SISTER EILEEN MCCANN 5182504890 1 BELL TOWER DRIVE WATERVLIET NY 12189 X SISTER CHARLA COMMINS TREASURER 2.00 X X 0 0 0 JAMES DAWSEY DIRECTOR 2.00 X 0 0 0 SISTER SHARON WHELLAHAN VICE PRESIDENT 2.00 X X 0 0 0 MARCUS BUCKLEY DIRECTOR 2.00 X 0 0 0 SISTER CHRISTINE PARTISANO SECRETARY 2.00 X X 0 0 0 DIANA CIRA DIRECTOR 2.00 X 0 0 0 DAVID DYBAS DIRECTOR 2.00 X 0 0 0 DENNIS FAGAN DIRECTOR 2.00 X 0 0 0 SISTER JOAN LESCINSKI DIRECTOR 2.00 X 0 0 0 MICHAEL ROSCH DIRECTOR 2.00 X 0 0 0 SISTER EILEEN MCCANN PRESIDENT 2.00 X X 0 0 0 0 0 0 0 0 0 0 LECESSE CONSTRUCTION COMPANY INC 75 THRUWAY PARK DRIVE WEST HENRIETTA NY 14586 CONSTRUCTION SERVICES 2396188 MORRISON MANAGEMENT SPECIALISTS 5801 PEACHTREE DUNWOODY ROAD ATLANTA GA 30342 FOOD SERVICE 228438 ALCHESTER GROUP LLC 678 TROY SCHENECTADY ROAD LATHAM NY 12110 MANAGEMENT SERVICES 220744 KENALSTEIN DANTON ASSOCIATES PA 24 LAUREL ROAD SUITE 200 VOORHEES NJ 08043 ARCHITECTURE SERVICES 157579 4 120000 120000 RESIDENT SERVICE FEES 532000 1345721 1345721 ENTRANCE FEE REVENUE 532000 689137 689137 2034858 1291 1291 BISTRO SERVICES 900099 9264 9264 OTHER 900099 4113 4113 13377 2169526 2048235 0 1291 139768 116040 23728 16690 8596 8094 12392 11504 888 337514 195198 142316 29424 29424 46725 46725 399870 399870 31556 5969 25587 46248 3839 42409 542083 486806 55277 4633 2126 2507 1288 354 934 475347 475347 732612 726925 5687 69593 1651 67942 FOOD RELATED 361379 361379 RESIDENT EXPENSES 47906 47889 17 MAINTENANCE SUPPLIES 24162 23809 353 MAINTENANCE & REPAIRS B 20529 20529 37839 6411 31428 3377558 2494372 883186 0 1143779 826868 900 5660 400973 679500 17035 25943 46553603 1360822 37452627 45192781 970525 1259672 228683 48803 40214522 48039227 3160753 1374018 232905 681142 10000000 22000000 856891 367329 4406000 5781000 16436868 5578233 7383184 15727616 42476601 51509338 X -2262079 -3470111 -2262079 -3470111 40214522 48039227 -1208032 0 X X 0 1 X 1 0 X 120000 120000 209901 992457 2048235 3250593 209901 992457 2168235 3370593 0 0 0 3370593 214 527 1291 2032 214 527 1291 2032 210115 992984 2169526 3372625 0.99940 0.99940 0.00060 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 45265293 1182575 44082718 1045330 178247 867083 242980 242980 45192781 CONSTRUCTION RETAINAGE PAYABLE 36015 RESIDENT ENTRANCE DEPOSITS 15691601 15727616 X 2169526 0 2169526 0 2169526 3377558 0 3377558 0 3377558 PART IV, LINE 2B: THE ESCROW LIABILITIES OF THE ORGANIZATION RELATE TO NON-RESIDENT ENTRANCE FEE DEPOSITS HELD AT A BANK, WHICH ARE CONSIDERED RESTRICTED CASH. PART X, LINE 2: FINANCIAL STATEMENT FOOTNOTE 2, INCOME TAXES, INCLUDES A DISCLOSURE RELATED TO UNCERTAIN TAX POSITIONS UNDER FIN 48. THE TEXT RELATED TO THE ORGANIZATION'S LIABILITY IS AS FOLLOWS: FOR TAX EXEMPT ENTITIES, THEIR TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, SINCE EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. AS OF JUNE 30, 2014, THE COMPANY DOES NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE COMPANY FILES EXEMPT ORGANIZATION TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE COMPANY IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. A TOWN OF COLONIE LOCAL DEVELOPMENT CORPORATION 383855788 196220AA5 2011-12-21 10000000 CONSTRUCTION OF RETIREMENT COMMUNITY 0 0 0 B TOWN OF COLONIE LOCAL DEVELOPMENT CORPORATION 383855788 196220AB3 2013-12-26 12000000 REDUCE PRINCIPAL OF EXISTING CONSTRUCTION LOAN 0 0 0 A 10000000 108851 9891149 2012 0 0 1 1 B 12000000 168800 52438 11778762 2014 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 A 1 B 1 SOCIETY OF THE SISTERS OF ST JOSEPH TO FUND CONSTRUCTION X 4000000 4000000 0 1 1 SOCIETY OF THE SISTERS OF ST JOSEPH TO FUND CONSTRUCTION X 1781000 1781000 0 1 1 5781000 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT COMPANY IS RESPONSIBLE FOR THE DAILY MANAGEMENT OF THE COMMUNITY INCLUDING ACCOUNTING FUNCTIONS. FORM 990, PART VI, SECTION A, LINE 6 THE SOCIETY OF THE SISTERS OF ST. JOSEPH IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE SOCIETY OF THE SISTERS OF ST. JOSEPH ELECTS THE DIRECTORS AND THE PRESIDENT OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING POWERS ARE RESERVED TO THE SOCIETY OF THE SISTERS OF ST. JOSEPH, THE SOLE MEMBER: TO ELECT/REMOVE DIRECTORS, TO SELECT/DISMISS THE CHIEF EXECUTIVE OFFICER, TO APPROVE PURCHASES OF EQUIPMENT OR RENOVATIONS TO REAL PROPERTY IN EXCESS OF $500,000, TO APPROVE THE PURCHASE/ACQUISITION/SALE/LEASE/MORTGAGE/OTHER ENCUMBRANCE OF REAL PROPERTY, TO APPROVE APPLICATIONS FOR GOVERNMENT LICENSES/CERTIFICATES/OTHER APPROVALS, TO APPROVE INCURRENCE OF DEBT, TO APPROVE MANAGEMENT SERVICES CONTRACTS, TO APPROVE CORPORATE REORGANIZATIONS/MERGER/CONSOLIDATION/DISSOLUTION, TO APPROVE INVESTMENT IN JOINT VENTURES/CORPORATIONS/PARTNERSHIPS/OTHER ENTITIES OR AFFILIATIONS, TO APPROVE AMENDMENTS TO THE CERTIFICATE OF INCORPORATION/BYLAWS, AND TO APPROVE ANY CHANGE IN THE MISSION, PHILOSOPHY AND/OR GOALS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 AS PART OF THE ANNUAL AUDIT, OUR INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES A DRAFT OF THE FORM 990 AND RELATED SUPPORTING SCHEDULES FROM OUR INTERNAL RECORDS. WE DESIGNATE AN INDIVIDUAL WITH SUITABLE SKILLS, KNOWLEDGE, OR EXPERIENCE TO OVERSEE THESE SERVICES AND WE MAKE ALL MANAGEMENT DECISIONS AND PERFORM ALL MANAGEMENT FUNCTIONS. WE HAVE REVIEWED, APPROVED, AND ACCEPTED RESPONSIBILITY FOR THE FORM 990 AND THE RELATED SCHEDULES AND BELIEVE THEY ARE ADEQUATELY SUPPORTED BY THE BOOKS AND RECORDS OF SHAKER POINTE AT CARONDELET, INC. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS DISCLOSE OR DISCLAIM ANY RELATED PARTY RELATIONSHIPS AS PART OF BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION B, LINE 15B THE ANNUAL STIPENDS/WAGES PAID TO THE EXECUTIVE TEAM ARE APPROVED BY THE BOARD OF DIRECTORS DURING THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 SUCH INFORMATION IS PROVIDED IF REQUESTED. FORM 990, PART XII, LINE 2: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR AUDIT OVERSIGHT AND SELECTION OF INDEPENDENT AUDIT FIRM. SOCIETY OF THE SISTERS OF ST JOSEPH 385 WATERVLIET SHAKER ROAD LATHAM NY 12110 141340108 RELIGIOUS ORDER NY 501(C)(3) LINE 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 SOCIETY OF THE SISTERS OF ST JOSEPH E 1781000 SOCIETY OF THE SISTERS OF ST JOSEPH (GUARANTEE) E 10000000 SOCIETY OF THE SISTERS OF ST JOSEPH K 21700 SOCIETY OF THE SISTERS OF ST JOSEPH (GUARANTEE) E 5551027 SOCIETY OF THE SISTERS OF ST JOSEPH E 4000000 SOCIETY OF THE SISTERS OF ST JOSEPH (GUARANTEE) E 12000000