2024-11-15T14:53:53-06:00 2023-12-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2023-01-01 042105844 CARLETON-WILLARD HOMES INC CARL 7812758700 100 OLD BILLERICA ROAD BEDFORD MA 01730 CHRISTOPHER J GOLEN PRESIDENT & CEO 7812758700 2024-11-15 1 0 KAREN LO P01434915 6179129000 2023 2024-10-15 13:58:12Z CARLETON-WILLARD VILLAGE CHRISTOPHER J GOLEN 100 OLD BILLERICA ROAD BEDFORD MA 01730 50028274 0 X WWW.CWVILLAGE.ORG X 1980 MA CARLETON-WILLARD VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY OFFERING A COMPLETE RANGE OF SERVICES FROM RESIDENTIAL LIVING APARTMENTS AND CLUSTER HOMES TO SUPPORTIVE CARE, SKILLED NURSING AND REHABILITATION SERVICES IN A COMMUNITY OF OVER 300 RESIDENTS. 18 18 413 50 0 0 1003794 444655 37061568 40036058 -130443 709380 0 7396 37934919 41197489 391915 288771 0 0 21104219 22062490 0 0 54002 18970138 19280756 40466272 41632017 -2531353 -434528 79643744 85282808 59625160 61514856 20018584 23767952 X CONTINUING THE LEGACY FROM 1884, CARLETON-WILLARD HAS BEEN A RESPECTED AND PROGRESSIVE LEADER IN PROVIDING COMPREHENSIVE SERVICES AND SUPPORT FOR OLDER ADULTS. WE PROVIDE OUTSTANDING FACILITIES AND SERVICES, A CARING AND DEDICATED STAFF AND AN ACTIVE AND VIBRANT COMMUNITY BUILT IN COLLABORATION WITH THOSE WE SERVE. 0 0 25808177 3500 23402236 OPERATING A 100 BED SKILLED NURSING FACILITY AND A 79 BED REST HOME FOR APPROXIMATELY 141 RESIDENTS. SKILLED NURSING PROVIDES LONG TERM CARE, SHORT TERM STAYS/REHABILITATION AND DEMENTIA/ALZHEIMER CARE IN A DISTINCT, AWARD WINNING UNIT. SUPPORTIVE CARE IS PROVIDED IN THE REST HOME AREA OF THE VILLAGE TO THOSE REQUIRING VARIOUS SUPPORTIVE SERVICES WHILE NOT INFRINGING ON RESIDENT'S CAPABILITIES. BOTH SKILLED NURSING AND SUPPORTIVE CARE SERVICES ARE AVAILABLE TO INDEPENDENT RESIDENTS OF CARLETON-WILLARD AND TO SENIORS FROM SURROUNDING COMMUNITIES. 9378186 88390 16413992 OPERATES A COMMUNITY WITH 155 INDEPENDENT LIVING UNITS SERVICING APPROXIMATELY 181 INDIVIDUALS. ACCOMMODATIONS INCLUDE DAILY MEALS, WEEKLY HOUSEKEEPING AND LINEN SERVICES, TRANSPORTATION TO MEDICAL APPOINTMENTS, LOCAL SHOPPING AND ONSITE ACTIVITIES, MOST UTILITIES, TRASH REMOVAL AND RECYCLING, PARKING, 24/7 SECURITY, IN-UNIT EMERGENCY MONITORING SYSTEM, FITNESS CENTER, CRAFT STUDIO, WOODWORKING SHOP, COMPUTER CENTER, LIBRARY AND AN EXTENSIVE ACTIVITY PROGRAM. ADDITIONALLY, RESIDENTS HAVE THE CONVENIENCE OF ON-SITE BANKING, AN INDOOR POOL, GENERAL STORE/GIFT SHOP, FLORIST, BEAUTY SALON AND ACCESS TO ORGANIZED ACTIVITIES BEYOND THE COMMUNITY. 1466694 8663 219830 OPERATES AN ON-SITE OUTPATIENT CLINIC SERVING APPROXIMATELY 215 RESIDENTS FROM CARLETON-WILLARD'S INDEPENDENT AND ASSISTANCE IN LIVING PROGRAMS. COMPREHENSIVE SERVICES AVAILABLE THROUGH THE CLINIC INCLUDE ROUTINE AND URGENT OUTPATIENT CARE, SCHEDULED APPOINTMENTS IN A VARIETY OF SPECIALTIES INCLUDING OPHTHALMOLOGY, PODIATRY, DERMATOLOGY, PSYCHIATRY, AUDIOLOGY AND PHYSICAL, SPEECH AND OCCUPATIONAL THERAPIES. STAFFED BY A FULLTIME NURSE PRACTITIONER AND OTHER CLINIC STAFF. 188218 188218 0 ANNUAL FUNDING TO MEET THE OPERATIONAL NEEDS OF ITS AFFILIATE, CW AT HOME, AN ORGANIZATION PROVIDING SUPPORTIVE SERVICE TO SENIORS LIVING IN SURROUNDING COMMUNITIES. 188218 188218 0 36841275 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 108 0 1 413 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X MICHAEL P MATTHEWS 7812758700 100 OLD BILLERICA ROAD BEDFORD MA 01730 CHRISTOPHER ANDERSON TRUSTEE 0.90 0.30 X 0 0 0 MALCOM CREIGHTON TRUSTEE 0.90 0.10 X 0 0 0 WILLIAM W GALLAGHER III TRUSTEE 0.90 0.30 X 0 0 0 PAUL HARRISON JR TRUSTEE 0.90 0.10 X 0 0 0 REV JOHN C LOMBARD D MIN TRUSTEE 0.90 0.30 X 0 0 0 RUTH W PIPER TRUSTEE 0.90 0.30 X 0 0 0 JAMES A SALTONSTALL TRUSTEE 0.90 0.80 X 0 0 0 ANN MARIE TEUBER LMFT TRUSTEE 0.90 0.30 X 0 0 0 THEODORE HANSELMAN TRUSTEE 0.90 0.20 X 0 0 0 MARGARET HOAG TRUSTEE 0.90 0.00 X 0 0 0 NICHOLAS SCHMALZ TRUSTEE 0.90 0.00 X 0 0 0 JACKIE SHAW TRUSTEE 0.90 0.00 X 0 0 0 CATHLEEN SUMMERS TRUSTEE 0.90 0.00 X 0 0 0 BRENDA WENNING TRUSTEE 0.90 0.00 X 0 0 0 JOHN GLASER BOARD CHAIR (AS OF 6/15/23) 3.00 0.10 X X 0 0 0 JOHN E CUPPLES BOARD CHAIR (THRU 6/15/23) 3.00 0.10 X X 0 0 0 TOM WOODHOUSE VICE-CHAIRMAN 1.00 0.10 X X 0 0 0 JEFFREY R WILLIAMS TREASURER (AS OF 6/15/23) 1.00 0.30 X X 0 0 0 WILLIAM W JACKSON TREASURER (THRU 4/20/23) 1.00 0.30 X X 0 0 0 ADRIENNE SMITH CLERK 1.00 0.10 X X 0 0 0 BARBARA A DOYLE PRESIDENT & CEO (THRU 5/5/23) 60.00 5.50 X 331574 0 14843 CHRISTOPHER GOLEN PRESIDENT & CEO (AS OF 4/24/23) 60.00 5.50 X 295780 0 24061 JANET D SILVERMAN CFO (THRU 6/29/23) 50.00 2.50 X 216211 0 16352 MICHAEL MATTHEWS CFO (AS OF 5/10/23) 50.00 2.50 X 178500 0 962 ANNE BRENNAN ADMINISTRATOR 50.00 0.00 X 228361 0 10096 SUSAN CUSSON CLINIC DIRECTOR 40.00 0.00 X 186416 0 19832 LEA POULIN DIRECTOR OF NURSES 40.00 0.00 X 164601 0 39882 BRIAN BUTLER DIRECTOR OF FACILITIES 50.00 0.00 X 201137 0 2930 KATHLEEN CROSBY DIRECTOR OF SALES 40.00 0.00 X 180821 0 20077 1983401 0 149035 41 0 1 0 HEALTHCARE SERVICES GROUP INC PO BOX 829677 PHILADELPHIA PA 19182 HOUSEKEEPING & LAUNDRY 1279633 MF ALLEN PLUMBING PO BOX 1353 MANSFIELD MA 02048 PLUMBING SERVICES 727819 NORTON AND ASSOCIATES INC PO BOX 310 COHASSET MA 02025 THERAPY- REHAB SERVICES 655302 PHOENIX AIR SERVICES INC 4 KIDDER ROAD CHELMSFORD MA 01824 HVAC SERVICES 643769 GORDON FOOD SERVICE 1300 GEZON PARKWAY SW WYOMING MI 49509 FOOD SERVICES 635390 25 88128 356527 444655 NURSING REV & CLIN SVS 623000 18288741 18288741 RESIDENTIAL FEES 623990 10812959 10812959 ENTRANCE FEES 623990 5128268 5128268 MEDICAID/MEDICARE PMTS 900099 5113495 5113495 MEALS SERVED 624200 166598 166598 525997 525997 40036058 578649 578649 7396 0 7396 7396 7396 8961516 8821517 9268 139999 -9268 130731 130731 41197489 40036058 0 716776 X 196881 196881 91890 91890 1078283 1078283 17336913 15904178 1378733 54002 548346 460611 87735 1771255 1771255 1327693 1115458 212235 71476 71476 152504 152504 146880 146880 6197898 5481695 716203 48202 48202 1391962 877960 514002 601858 386078 215780 2616568 2580863 35705 4912 867 4045 524980 509781 15199 3241436 3148662 92774 251644 244358 7286 FOOD 1723865 1716705 7160 MEDICAL/PHARMACEUTICALS 1122135 1122135 BAD DEBT EXPENSE 730000 730000 GENERAL/HOUSEKEEPING 454436 453696 740 41632017 36841275 4736740 54002 2844 2801 3886112 2121854 5249733 3801865 101251 152819 511921 314624 116276245 75905164 40135416 40371081 29339826 38082023 129412 136167 287229 299574 79643744 85282808 4425638 5235816 40207621 41782839 14629610 14100740 362291 395461 59625160 61514856 X 16951773 20303597 3066811 3464355 20018584 23767952 79643744 85282808 X -434528 4177141 6755 X 0 1 X 1 0 X 482978 2436449 5110267 1003794 444655 9478143 31872132 30722203 32672733 37061568 40036058 172364694 32355110 33158652 37783000 38065362 40480713 181842837 6000 19750 1800 27550 0 6000 19750 1800 27550 181815287 720840 476656 383456 494876 586045 2661873 720840 476656 383456 494876 586045 2661873 33075950 33635308 38166456 38560238 41066758 184504710 0.98540 0.98390 0.01440 0.01590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28935817 5225195 4609819 1375295 37395536 34082840 1289343 -5105450 1330916 28935817 29156460 2252350 3950628 1276598 34082840 26012024 1460267 2975342 1291173 29156460 23724160 14039 3476970 1203145 26012024 0.91000 0.06000 0.03000 0 0 2027354 2027354 96752936 63181811 33571125 15852334 12723353 3128981 1643621 1643621 40371081 REFUNDABLE ENTRANCE FEE DEPOSITS 320325 DUE TO CARLETON-WILLARD FOUNDATION, INC. 75136 395461 X PART V, LINE 4: THE ORGANIZATION INTENDS TO USE THE ENDOWMENT FUNDS FOR THE FOLLOWING ACTIVITIES: 1) PROVIDING ASSISTANCE TO RESIDENTS WITH FINANCIAL NEED 2) COMMUNITY OUTREACH PROGRAMS 3) REALIZATION OF THE ORGANIZATION'S GOALS/MISSION PART X, LINE 2: THE ORGANIZATION FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF DECEMBER 31, 2023 AND 2022. THE ORGANIZATION WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS AFTER THE FILING DATE. 1 CARLETON-WILLARD AT HOME INC 100 OLD BILLERCIA ROAD BEDFORD MA 01730 264153105 501(C)(3) 0 188218 CARLETON-WILLARD HOMES INC. PROVIDES ANNUAL FUNDING TO MEET THE OPERATIONAL NEEDS OF ITS AFFILIATE, CW AT HOME, AN ORGANIZATION PROVIDING SUPPORTIVE SERVICE TO SENIORS LIVING IN SURROUNDING COMMUNITIES. 1 SCHOLARSHIPS 6 16500 0 SCHOLARSHIPS FOR EMPLOYEES FURTHERING HEALTHCARE EDUCATION; DINING STAFF FINANCIAL ASSISTANCE 3 0 71890 FMV FINANCIAL ASSISTANCE TO RESIDENTS OF CARLETON-WILLARD HOMES. MONTHLY FEE REDUCTION. PART I, LINE 2: GRANTS AND DONATIONS ARE MADE BASED ON WRITTEN REQUESTS AND EVALUATION BY THE PRESIDENT/CEO OF THE ORGANIZATION. GRANTS ARE GENERALLY TO ORGANIZATIONS WITH MISSIONS SIMILAR OR RELATED TO CARLETON-WILLARD OR IN SUPPORT OF THE LOCAL COMMUNITY. MOST GRANTS ARE VIEWED AS A PART OF OUR COMMUNITY OUTREACH/SOCIAL ACCOUNTABILITY PROGRAM. GRANTS TO RESIDENTS ARE BASED ON AN APPLICATION PROCESS DEMONSTRATING FINANCIAL NEED. X X X X X 0 0 0 0 0 0 0 1 0 BARBARA A DOYLE PRESIDENT & CEO (THRU 5/5/23) 270044 0 60000 0 1530 0 13200 0 1643 0 346417 0 0 0 CHRISTOPHER GOLEN PRESIDENT & CEO (AS OF 4/24/23) 255149 0 40000 0 631 0 0 0 24061 0 319841 0 0 0 ANNE BRENNAN ADMINISTRATOR 220446 0 6727 0 1188 0 9134 0 962 0 238457 0 0 0 JANET D SILVERMAN CFO (THRU 6/29/23) 210243 0 4737 0 1231 0 8648 0 7704 0 232563 0 0 0 SUSAN CUSSON CLINIC DIRECTOR 182550 0 2812 0 1054 0 7457 0 12375 0 206248 0 0 0 LEA POULIN DIRECTOR OF NURSES 162939 0 1371 0 291 0 6564 0 33318 0 204483 0 0 0 BRIAN BUTLER DIRECTOR OF FACILITIES 194599 0 6138 0 400 0 0 0 2930 0 204067 0 0 0 KATHLEEN CROSBY DIRECTOR OF SALES 173279 0 6628 0 914 0 7233 0 12844 0 200898 0 0 0 MICHAEL MATTHEWS CFO (AS OF 5/10/23) 171700 0 6085 0 715 0 0 0 962 0 179462 0 0 0 PART I, LINE 7 BONUSES FOR THE CFO, DIRECTOR OF HUMAN RESOURCES, DIRECTOR OF FACILITIES, DIRECTOR OF MARKETING, CLINIC DIRECTOR AND NURSE MANAGER ARE AT THE DISCRETION OF THE PRESIDENT AND CEO. FOR THE PRESIDENT AND CEO'S BONUS, A PORTION OF THE BONUS IS AT THE DISCRETION OF THE BOARD OF TRUSTEES AND THE REMAINING PORTION IS A FIXED FORMULA PER CONTRACT. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584YWGO 2019-12-12 16605478 REFINANCE DEBT 0 0 0 A 1595000 16605478 332109 38213 16235156 2042 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 SCHEDULE K, PART II, LINE 11, 14, 15: REVENUE BONDS, CARLETON-WILLARD VILLAGE ISSUE, SERIES 2019 WAS ISSUED IN DECEMBER 2019 TO REFUND A PRIOR SERIES 2019 BONDS IN FULL IN THE AMOUNT OF $10,506,401 AND TO PAY OFF A PRIVATE NOTE WITH A BANK IN THE AMOUNT OF $5,728,755. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. A DRAFT IS REVIEWED BY THE PRESIDENT & CEO AND CFO AND NECESSARY CHANGES ARE MADE. A FINAL DRAFT, COMPLETE WITH SUPPORTING SCHEDULES, IS REVIEWED BY THE FINANCE COMMITTEE OR TREASURER OF THE BOARD OF TRUSTEES. AFTER APPROVAL BY THE FINANCE COMMITTEE, THE FORM 990 IS DISTRIBUTED TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, TRUSTEES AND KEY EMPLOYEES (PRESIDENT/CEO, CFO, ADMINISTRATOR AND HR DIRECTOR) ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. THE DISCLOSURES ARE REVIEWED BY THE PRESIDENT & CEO AND ANY CONFLICT OF INTEREST IS REPORTED TO THE BOARD OF TRUSTEES. PERSONS WITH A CONFLICT OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE RELATED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, COMPRISED OF INDEPENDENT TRUSTEES, HAS THE RESPONSIBILITY OF OVERSEEING THE PROCESS OF ESTABLISHING COMPENSATION FOR THE PRESIDENT & CEO ON AN ANNUAL BASIS. ALONG WITH A REVIEW OF PERFORMANCE, THE COMMITTEE (PERIODICALLY) UTILIZES THE SERVICES OF AN INDEPENDENT, THIRD PARTY EMPLOYMENT SPECIALIST IN DETERMINING APPROPRIATE COMPENSATION COMPARABILITY DATA CONSIDERING THE INDIVIDUAL'S RESPONSIBILITIES, EDUCATION BACKGROUND, EXPERIENCE, LONGEVITY AND INDUSTRY STANDING. THE COMPENSATION COMMITTEE PRESENTS THE COMPENSATION RECOMMENDATION TO THE BOARD OF TRUSTEES FOR APPROVAL. THIS PROCESS WAS LAST UNDERTAKEN IN 2023. FORM 990, PART VI, SECTION B, LINE 15B: COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS BASED ON AN ANNUAL EVALUATION. THIS ANNUAL REVIEW OF COMPENSATION IS COMPRISED OF A PERFORMANCE EVALUATION AND SALARY COMPARISON TO LIKE ORGANIZATIONS. THE EMPLOYEE EXPERIENCE AND LONGEVITY IS ALSO TAKEN INTO CONSIDERATION. FINAL COMPENSATION FOR THESE POSITIONS IS DETERMINED BY THE PRESIDENT & CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B CAN BE ACCESSED VIA CANDID, FORMALLY KNOWN AS GUIDESTAR, AND THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. FORM 990, PART IX, LINE 11G HOUSE KEEPING: PROGRAM SERVICE EXPENSES 1,544,389. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,544,389. NURSING TEMP STAFF: PROGRAM SERVICE EXPENSES 1,288,526. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,288,526. REHAB THERAPISTS: PROGRAM SERVICE EXPENSES 628,204. MANAGEMENT AND GENERAL EXPENSES 38,095. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 666,299. LANDSCAPING: PROGRAM SERVICE EXPENSES 523,228. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 523,228. FACILITY CONTRACTORS: PROGRAM SERVICE EXPENSES 511,339. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 511,339. OTHER TEMPORARY STAFFING: PROGRAM SERVICE EXPENSES 982,029. MANAGEMENT AND GENERAL EXPENSES 678,108. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,660,137. LAB SERVICES: PROGRAM SERVICE EXPENSES 3,980. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,980. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST 6,755. CARLETON-WILLARD FOUNDATION INC 100 OLD BILLERICA ROAD BEDFORD MA 01730 205785760 SUPPORTING ORGANIZATION MA 501(C)(3) LINE 12B, II CARLETON-WILLARD HOMES INC 1 CARLETON-WILLARD AT HOME INC 100 OLD BILLERICA ROAD BEDFORD MA 01730 264153105 PROVIDING SERVICES TO ELDERS LIVING AT HOME MA 501(C)(3) LINE 10 CARLETON-WILLARD HOMES INC 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 1 CARLETON-WILLARD AT HOME INC B 188218 FAIR MARKET VALUE