2015-05-12T14:00:43-05:00 2014-12-31 453994797 LGC&D LLP TEN WEYBOSSET STREET - SUITE 700 PROVIDENCE RI 02903 990 2014-01-01 050510787 OCEAN STATE ASSISTED LIVING OCEA 4018849099 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 NANCY MUSSO ADMINISTRATOR 4018849099 2015-05-07 1 MARTHA HULTZMAN P00107728 4014214800 2014 2016-03-07 17:11:31Z THE SEASONS EAST GREENWICH NANCY MUSSO 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 5707397 0 X THESEASONS.ORG X 2000 RI ASSISTED LIVING COMMUNITY AND DEMENTIA CARE RESIDENCES. 9 7 157 0 0 0 6721 16447 5319625 5313505 137224 57916 21021 34542 5484591 5422410 0 0 0 0 2979143 2997760 0 0 0 2444574 2366417 5423717 5364177 60874 58233 10529714 10338671 10976670 10726230 -446956 -387559 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 4918860 5313505 PROVIDING QUALITY CARE WITH 66 TRADITIONAL ASSISTED LIVING APARTMENTS AND 20 DEMENTIA CARE RESIDENCES. 4918860 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 14 0 1 157 1 0 0 0 0 0 0 0 0 0 0 X 9 7 1 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X NANCY MUSSO ADMINISTRATOR 4018849099 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 X JULIE RICHARD PRESIDENT 1.00 X X 0 0 0 STANLEY LARSON VICE PRESIDENT 1.00 X X 0 0 0 DAVID DONNELLY SR TREASURER 1.00 X X 0 0 0 RODERICK A J CAVANAGH SECRETARY 1.00 X X 0 0 0 CRAIG BUTZBACH TRUSTEE 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 TRUSTEE 10.00 X 0 0 0 CATHY YOUNG FINANCE DIRECTOR 10.00 X 0 0 0 NANCY MUSSO ADMINISTRATOR 40.00 X 106185 0 0 106185 0 0 1 0 0 0 MORRISON MANAGEMENT SPECIALISTS PO BOX 102289 ATLANTA GA 30368 FOOD MANAGEMENT 653359 1 3289 13158 16447 TENANT RENTS 623000 5313505 5313505 5313505 56138 56138 271441 269663 1778 1778 1778 49866 3289 15324 34542 34542 5422410 5313505 0 92458 X 106185 53092 53093 2357476 2156158 201318 27842 27842 260285 260285 245972 192860 53112 20000 20000 5380 5380 18823 18823 12820 12820 804080 804080 23851 23851 10979 10979 27405 27405 425362 425362 18167 12125 6042 8404 8404 148772 148772 535102 535102 227502 222609 4893 ADMINISTRATIVE 60160 60160 BANK FEES AND SERV. CHA 15533 15533 BAD DEBTS 4077 4077 5364177 4918860 445317 0 417964 480174 8195 4632 49219 75498 13310299 5961988 7775328 7348311 2169093 2311754 109915 118302 10529714 10338671 408157 349488 9512 25013 10465000 10165000 94001 186729 10976670 10726230 X -446956 -387559 -446956 -387559 10529714 10338671 X 58233 97892 -96728 X 0 1 X 1 0 X 41915 59413 39620 27742 50989 219679 4634313 4937542 5129102 5319625 5313505 25334087 4676228 4996955 5168722 5347367 5364494 25553766 0 0 0 25553766 14853 30610 55663 58813 56138 216077 14853 30610 55663 58813 56138 216077 4691081 5027565 5224385 5406180 5420632 25769843 0.99160 0.99260 0.00840 0.00740 X 12314172 5351284 6962888 186108 26619 159489 626562 456228 170334 183457 127857 55600 7348311 DEPOSITS 90001 INTEREST RATE SWAP 96728 186729 5507482 97892 97892 5409590 12820 12820 5422410 5448085 96728 96728 5351357 12820 12820 5364177 PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP 96,728. GOLF TOURNAMENT 44613 3289 41324 421 8436 4776 1520 44613 3289 41324 421 8436 4776 1520 15153 26171 A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP NONEAVAIL 2011-10-03 11010000 REFUND A PRIOR ISSUE; FACILITY CONSTRUCTION 0 0 0 A 845000 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 ADMINISTRATOR AND MAINTENANCE DIRECTOR ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 3 THROUGH MAY 2014, THE ORGANIZATION HAD A MANAGEMENT CONTRACT WITH SCANDINAVIAN HOME, A TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 OCEAN STATE ASSISTED LIVING (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 NINE-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. THROUGH FEBRUARY 2014, THIS POSITION IS INCLUDED AS PART OF THE MANAGEMENT CONTRACT WITH SCANDINAVIAN HOME AND WAS BILLED SEPARATELY FROM THE STANDARD MANAGEMENT FEE. EFFECTIVE IN FEBRUARY 2014, THE ADMINISTRATOR BECAME AN EMPLOYEE OF OSAL AND WAS ADDED TO OSAL'S PAYROLL. 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 ALL OTHER: PROGRAM SERVICE EXPENSES 150,721. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150,721. FOOD SERVICE: PROGRAM SERVICE EXPENSES 653,359. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 653,359. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -96,728. FORM 990, PART XII, LINE 2 EXPLANATION THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.