2014-05-05T09:41:24-05:00 2013-06-30 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2012-07-01 223042122 LASELL VILLAGE INC LASE 6176637000 120 SEMINARY AVE AUBURNDALE MA 02466 MICHAEL J HOYLE PH D 6176637000 2014-04-22 1 JOSEPH M GISO P00030126 6177610600 2012 2015-11-30 17:44:51Z MICHAEL B ALEXANDER 120 SEMINARY AVE AUBURNDALE MA 02466 25014114 0 X WWW.LASELLVILLAGE.COM X 1990 MA LASELL VILLAGE, SPONSORED BY LASELL COLLEGE, IS HOME TO SOME 194 RESIDENTS IN ITS INDEPENDENT LIVING APARTMENTS, SUPPORTED LIVING STUDIOS AND INCLUDES A 38 BED SKILLED NURSING FACILITY. OPEN SINCE MAY 2000, THE VILLAGE COMBINES THE ELEMENTS OF LIFELONG LEARNING, RETIREMENT LIVING, SUPPORT SERVICES, SHORT-TERM REHABILITATION AND LONG-TERM CARE. 11 11 225 12 0 0 0 0 15737676 17223745 663869 793975 167809 146959 16569354 18164679 0 0 0 0 5575886 5868273 0 0 0 11059725 11461656 16635611 17329929 -66257 834750 69896299 73599538 91728729 91286910 -21832430 -17687372 X LASELL VILLAGE, SPONSORED BY LASELL COLLEGE, IS HOME TO SOME 194 RESIDENTS IN ITS INDEPENDENT LIVING APARTMENTS, SUPPORTED LIVING STUDIOS AND INCLUDES A 38 BED SKILLED NURSING FACILITY. OPEN SINCE MAY 2000, THE VILLAGE COMBINES THE ELEMENTS OF LIFELONG LEARNING, RETIREMENT LIVING, SUPPORT SERVICES, SHORT-TERM REHABILITATION AND LONG-TERM CARE. 0 0 15082115 17223745 LASELL VILLAGE OPERATES A CONTINUING CARE RETIREMENT COMMUNITY AND PROVIDES, IN COOPERATION WITH LASELL COLLEGE, RESIDENTIAL AND NON-RESIDENTIAL EDUCATION PROGRAMS FOR ELDERLY PERSONS. THROUGH INTERGENERATIONAL LEARNING ACTIVITIES WITH THE FACULTY AND STUDENTS OF LASELL COLLEGE AND PROGRAMS SPONSORED BY THE ON-SITE ROSEMARY B. FUSS CENTER FOR RESEARCH ON AGING AND INTERGENERATIONAL STUDIES, LASELL VILLAGE DISSEMINATES CURRENT AND BROAD-BASED INFORMATION ABOUT AGING AND FACTORS THAT CONTRIBUTE TO WELL-BEING IN LATER LIFE. LASELL VILLAGE SPONSORS AND PARTNERS IN RESEARCH WITH OTHER EDUCATIONAL AND RESEARCH INSTITUTIONS REGARDING THE COGNITIVE, EMOTIONAL, PHYSICAL NEEDS AND CAPABILITIES OF THE ELDERLY AND THE VALUE OF CONTINUED LEARNING IN LATER LIFE. NUMBER OF RESIDENTS ENROLLED PER SEMESTER AND THE NUMBER OF COURSES OFFERED:FALL 2012: 165 RESIDENTS ENROLLED IN 18 COURSESSPRING 2013: 156 RESIDENTS ENROLLED IN 19 COURSESSUMMER 2013: 147 RESIDENTS ENROLLED IN 17 COURSES 15082115 1 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 34 0 1 225 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X SHARI MEGA DIR OF BUS FINANCE 6176637000 LASELL VILLAGE 120 SEMINARY AVE AUBURNDALE MA 02466 ELLEN OFFNER 2.00 X X 0 0 0 JACK LEONARD 2.00 X X 0 0 0 SALLY ANDREWS 1.00 X X 0 0 0 ADELE FLEET BACOW 1.00 X 0 0 0 CLAIRE MCGUIRE 1.00 X 0 0 0 HELENA HARTNETT 1.00 X 0 0 0 RUTH NEMZOFF 1.00 X 0 0 0 GERALD POLCARI 1.00 X 0 0 0 FRED PRYOR 1.00 X 0 0 0 MARGERY SILVER 1.00 X 0 0 0 ERIC TURNER 1.00 X 0 0 0 PAMELA FARIA 1.00 X 0 108625 17471 MICHAEL ALEXANDER 5.00 X 0 351260 41211 DR MICHAEL J HOYLE 5.00 X 0 195547 27354 DR PAULA PANCHUCK 40.00 X 0 179182 26606 GINA ST FLEUR 40.00 X 111134 0 27274 SHARI MEGA 40.00 X 103784 0 15368 ELIZABETH IHENACHO 40.00 X 102679 0 18163 JANIS GALLAGHER 40.00 X 102941 0 14672 420538 834614 188119 4 0 1 0 LASELL COLLEGE 1844 COMMONWEALTH AVE NEWTON MA 02466 MANAGEMENT CONTRACT 1809164 GENESIS REHABILITATION SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 REHAB FOR SKILLED NURSING UNIT 852750 GENESIS ELDERCARE 101 EAST STATE ST 3RD FLOOR KENNETT SQUARE PA 19348 SKILLED NURSING MGMT. CONTRACT 366399 3 RESIDENTIAL FEES 623000 8902735 8902735 SKILLED NURSING 623000 4479131 4479131 EARNED ENTRANCE FEE 623000 3259573 3259573 RESIDENTIAL FEES OTHER 623990 582306 582306 17223745 649034 649034 6994376 6849435 144941 144941 144941 OTHER INCOME 900099 146959 146959 146959 18164679 17223745 0 940934 197559 197559 4720908 4348161 372747 153760 125977 27783 450340 411869 38471 345706 317191 28515 760327 760327 12460 12460 107939 107939 29392 29392 1594878 1457895 136983 51657 51657 65748 11814 53934 41893 34320 7573 3369664 3254325 115339 853 853 1702 155 1547 791442 737123 54319 2972258 2768264 203994 204807 190751 14056 REAL ESTATE TAXES 642417 642417 FACILITIES MAINT. CONT. 476162 476162 LAND LEASE 205840 205840 RESIDENT ACTIVITIES 64259 64259 67958 35592 32366 17329929 15082115 2247814 0 1980998 4083444 1795437 1587122 1940609 2212878 405900 554400 1549798 1618566 68364624 28995312 40652107 39369312 10497472 12721433 10483540 10913227 590438 539156 69896299 73599538 1663648 1269661 843080 882247 18580000 18150000 70642001 70985002 91728729 91286910 X -21832430 -17687372 -21832430 -17687372 69896299 73599538 X 834750 1651366 1658942 X 0 1 X 1 0 X 15271552 15882862 16231483 15737676 17223745 80347318 15271552 15882862 16231483 15737676 17223745 80347318 240716 253104 269224 358446 329441 1450931 0 240716 253104 269224 358446 329441 1450931 78896387 463823 382676 605564 554511 649034 2655608 463823 382676 605564 554511 649034 2655608 167478 193416 202191 167809 146959 877853 15902853 16458954 17039238 16459996 18019738 83880779 0.94060 0.93800 0.03170 0.03540 X X 1 2.20 0 0 0 1 1 0.00 10000 1 62880521 25491682 37388839 5484103 3503630 1980473 39369312 CORPORATE BONDS 9842001 F PREFERRED STOCK 736750 F GOVERNMENT OBLIGATIONS 334476 F 10913227 REFUNDABLE DEPOSITS & INTEREST 76000 NONREFUNDABLE ENTRANCE FEES 4727041 REFUNDABLE ENTRANCE FEES 63064010 FAIR VALUE OF INTEREST SWAP 3117951 70985002 X 21474987 1651366 1658942 3310308 18164679 0 18164679 17329929 0 17329929 0 17329929 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: MEMBERS OF THE CITY'S CONSERVATION COMMITTEE VISIT THE LOCATION TO ENSURE THAT WE ARE IN COMPLIANCE. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE EXPENSE FOR THE CONSERVATION EASEMENT IS INCLUDED IN OUR LANDSCAPING EXPENSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE VILLAGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE VILLAGE HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS DETERMINATION AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE VILLAGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE VILLAGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE VILLAGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,658,942. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL ALEXANDER 0 325218 0 16250 0 9792 0 21250 0 19961 0 392471 0 0 DR MICHAEL J HOYLE 0 175367 0 20000 0 180 0 13700 0 13654 0 222901 0 0 DR PAULA PANCHUCK 0 163390 0 15000 0 792 0 12835 0 13771 0 205788 0 0 PART I, LINE 1A LASELL COLLEGE PROVIDED NON-TAXABLE HOUSING TO THE ASSISTANT CLERK/EXECUTIVE ASSISTANT TO THE PRESIDENT AS PART OF HER COMPENSATION. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RMT9 2007-06-14 20285000 REFINANCE THE PROJECTS FINANCED WITH SERIES 1998A AND SERIES 2002 BONDS. 0 0 0 A 20285000 19870493 369020 45487 2007 1 1 1 1 A 0 0 0 1 1 1 BANK OF AMERICA 30.000000000000 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 3 THE GOVERNING BODY OF LASELL VILLAGE HAS AUTHORIZED LASELL COLLEGE THROUGH A MANAGEMENT CONTRACT AS THE MANAGEMENT COMPANY TO PERFORM THE MANAGEMENT DUTIES TYPICALLY HANDLED BY DIRECT SUPERVISION OF OFFICERS OR KEY EMPLOYEES. LASELL VILLAGE SHALL HAVE THE RIGHT, UPON NOTICE TO LASELL COLLEGE, TO CHANGE, REPEAL OR ALTER POLICIES ADOPTED AND/OR IMPLEMENTED BY LASELL COLLEGE IN CONNECTION WITH MANAGING THE DAY-TO-DAY OPERATIONS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS WAS REVIEWED BY THE BOARD OF TRUSTEES AT A MEETING HELD ON 4/18/14 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OUR ORGANIZATION REGULARLY AND CONSISTENTLY ENFORCES COMPLIANCE WITH OUR WRITTEN CONFLICT OF INTEREST POLICY BY HAVING EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THEIR UNDERSTANDING OF THE POLICY AND WHETHER OR NOT A CONFLICT EXISTS. THE POLICY IS ALSO REVIEWED ANNUALLY WITH MANAGERS, WHICH IN TURN REVIEW ANNUALLY WITH THEIR STAFF. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES OF LASELL COLLEGE CONDUCTS AN ANNUAL WRITTEN EVALUATION OF THE PRESIDENT OF THE COLLEGE WHOSE DUTIES ALSO INCLUDE BEING CEO OF LASELL VILLAGE AND ESTABLISHES COMPENSATION BASED ON PERFORMANCE AND, AMONG OTHER DATA, CONSIDERS A COMPARISON OF PRESIDENTS AND CEO'S AT SIMILAR SIZED INSTITUTIONS. THE PRESIDENT/CEO IN CONSULTATION WITH THE VP OF LASELL VILLAGE REVIEWS THE PERFORMANCE OF EACH OFFICER AGAINST A WRITTEN SET OF GOALS. COMPENSATION IS DETERMINED BY REVIEWING SALARY DATA OF THE RESPECTIVE POSITIONS AT SIMILAR SIZED PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE 990 IS AVAILABLE ON GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE FORM 1023 IS AVAILABLE UPON REQUEST. ALSO AVAILABLE UPON REQUEST ARE OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTERST RATE SWAP 1,658,942. LASELL COLLEGE INC 1844 COMMONWEALTH AVENUE NEWTON MA 02466 042103585 EDUCATION MA 501(C)(3) LINE 6 LASELL INC 0 LASELL INC 1844 COMMONWEALTH AVENUE NEWTON MA 02466 861070319 ADMINISTRATIVE SUPPORT MA 501(C)(3) LINE 11B, II N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 NA