2024-11-06T08:57:16-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2023-01-01 042105955 SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON INC SCAN 6175276566 206 WALTHAM STREET W NEWTON MA 02465 JOSEPH CARELLA EXECUTIVE DIRECTOR 6179646203 2024-11-04 1 1 MATTHEW KALIL CPA MBA P01517069 9785575300 2024-11-04 2023 2024-10-15 13:58:12Z JOSEPH CARELLA 206 WALTHAM STREET W NEWTON MA 02465 3983450 0 X WWW.SLCENTER.ORG X 1912 MA THE SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON IS COMMITTED TO PROVIDING AFFORDABLE HOUSING AND ASSISTANCE TO ELDERS AND TO SUPPORT CULTURAL ENRICHMENT AND COMMUNITY CONNECTION. 11 11 36 16 0 0 121911 386156 2955129 3448097 43242 64576 22488 80339 3142770 3979168 0 0 0 0 1302171 1489325 0 0 96058 2129917 2344919 3432088 3834244 -289318 144924 7075682 7536138 1988049 2112160 5087633 5423978 THE SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON IS COMMITTED TO PROVIDING AFFORDABLE HOUSING AND ASSISTANCE TO ELDERS AND TO SUPPORT CULTURAL ENRICHMENT AND COMMUNITY CONNECTION. 0 0 2941609 3428483 SCANDINAVIAN LIVING CENTER- DURING THE YEAR OUR CENSUS (YTD) WAS 97.93%. AS OF DECEMBER 31, 2023, IT WAS 97.82% WHICH CONSISTED OF 11 MALES AND 29 FEMALES WITH AN AVERAGE AGE OF 85.6. OF THE 40 RESIDENTS, 20 WERE VERY LOW INCOME ($51,950 OR LESS), 12 WERE LOW INCOME ($82,950 OR LESS), 3 MODERATE INCOME ($104,510 OR LESS) AND 5 WERE AT MARKET RATE INCOME LEVELS BASED ON POVERTY LEVELS IN MASSACHUSETTS. 246660 19614 THE SCANDINAVIAN CHARITABLE SOCIETY BELIEVES THAT THE LIVING CENTER AND THE CULTURAL CENTER COMPLEMENT EACH OTHER THROUGH MUTUALLY SUPPORTIVE ACTIVITIES WHILE SHARING SPACE. THE SOCIETY, THROUGH THE CULTURAL CENTER, IS COMMITTED TO POSITIONING ITSELF AS THE PREMIERE HUB FOR NORDIC CULTURAL ACTIVITIES IN NEW ENGLAND BY SHARING IMPORTANT ELEMENTS OF SCANDINAVIAN CULTURE WITH THE WIDER COMMUNITY.THE SECOND GOAL OF THE SCANDINAVIAN CULTURAL CENTER IS TO BE A LOCATION FOR AND SOURCE OF ENRICHING AND THOUGHT-PROVOKING EVENTS FOR RESIDENTS OF NEWTON AND GREATER BOSTON. THESE GOALS ARE ACHIEVED THROUGH COLLABORATIONS WITH OTHER ORGANIZATIONS, AND THROUGH THE CULTURAL CENTER'S OWN PROGRAMS. 3188269 1 1 0 0 0 0 0 0 0 1 1 0 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 0 0 0 0 1 23 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X JOSEPH CARELLA EXECUTIVE DIRECTOR 6175276566 206 WALTHAM STREET W NEWTON MA 02465 SHARYN SOOHO DIRECTOR (UNTIL MAR '23) 0.50 X 0 0 0 MARTIN LEHMAN DIRECTOR 0.50 X 0 0 0 ASTRID CARLINER DIRECTOR (UNTIL MAR '23) 0.50 X 0 0 0 TONJE GULBRANDSEN DIRECTOR (UNTIL MAR '23) 0.50 X 0 0 0 CAROL BERGERON DIRECTOR 0.50 X 0 0 0 THOR HELGASON DIRECTOR 0.50 X 0 0 0 GABRIELLE CLEMENS DIRECTOR (SINCE MAR '23) 0.50 X 0 0 0 CYNTHIA WALSH DIRECTOR 0.50 X 0 0 0 JAYNE-ELLEN COLINO DIRECTOR (UNTIL JUN '23) 0.50 X 0 0 0 VICTORIA DANBERG DIRECTOR 0.50 X 0 0 0 DAVID GORDON DIRECTOR 0.50 X 0 0 0 FRAN DRAGON RECORDING SECRETARY 0.50 X X 0 0 0 MIKE DYLINGOWSKI TREASURER (UNTIL MAR '23) 0.50 X X 0 0 0 BRENDAN ROMANS TREASURER (SINCE MAR '23) 0.50 X X 0 0 0 GARTH JOHNSON VICE PRESIDENT 0.50 X X 0 0 0 JOYCE HAGLUND PRESIDENT 0.50 X X 0 0 0 JOSEPH CARELLA EXECUTIVE DIRECTOR 45.00 X 129453 0 27474 129453 0 27474 1 0 1 0 GLENDALE SENIOR DINING 749 E INDUSTRIAL PARK DR MANCHESTER NH 03109 FOOD SERVICE 723606 ZVI CONSTRUCTION COMPANY LLC 131 DUMMER STREET BROOKLINE MA 02446 CONTRACTOR SERVICES 501758 4M BUILDING SOLUTIONS INC PO BOX 870784 KANSAS CITY MO 64187 HOUSEKEEPING & MAINTENANCE 256961 WORLD ENERGY EFFICIENCY SERVICES LLC 220 BROOKS STREET WORCESTER MA 01606 CONTRACTOR SERVICES 164258 4 386156 386156 RESIDENTS'FEES 623000 3390504 3390504 OTHER PROGRAM REVENUE 623000 37979 37979 CULTURAL CENTER REVENU 623000 19614 19614 3448097 64576 64576 30672 4282 26390 26390 26390 INSURANCE SETTLEMENT 900099 53949 53949 53949 3979168 3448097 0 144915 179092 62683 98500 17909 1079412 845154 200670 33588 123705 100691 19774 3240 107116 78157 24717 4242 15528 15528 63750 63750 13825 13825 43163 441 5643 37079 41986 33590 8396 81008 56291 24717 510264 492280 17984 223 223 43251 41285 1966 334302 319069 15233 110175 97823 12352 FOOD SERVICE 719681 719681 HOUSEKEEPING EXPENSES 171652 171652 ACTIVITIES PROGRAM SUPP 111183 111183 CULTURAL CENTER ACTIVIT 34327 34327 50601 8434 42167 3834244 3188269 549917 96058 15419 101289 879117 521682 47285 84225 6705 14499 34205 63732 11339206 6381943 4444991 4957263 1647960 1793448 7075682 7536138 346855 510273 1680 0 1429703 1394604 209811 207283 1988049 2112160 X 4272603 4654113 815030 769865 5087633 5423978 7075682 7536138 144924 191421 0 X X 0 1 X 1 0 X 198263 428405 615681 121911 386156 1750416 2747916 2775810 2595016 2955129 3448097 14521968 2946179 3204215 3210697 3077040 3834253 16272384 68350 24022 20700 43503 48201 204776 1388911 1367555 1304187 1616266 1735540 7412459 1457261 1391577 1324887 1659769 1783741 7617235 8655149 91157 58006 50363 62995 95248 357769 91157 58006 50363 62995 95248 357769 53949 53949 3037336 3262221 3261060 3140035 3983450 16684102 0.51880 0.51610 0.02140 0.02300 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE SETTLEMENT - 2023 AMOUNT: $ 53,949. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 379835 1100 59490 440425 494218 3225 -75528 42080 379835 436667 1445 56106 494218 418942 1425 48300 32000 436667 344082 590 74270 418942 0.72000 0.28000 1 0 10855 10855 9836490 5044283 4792207 1436908 1282707 154201 54953 54953 0 4957263 ANNUITY PAYABLE 5619 RESIDENT SECURITY DEPOSITS 201664 207283 X 4161046 191421 191421 3969625 13825 -4282 9543 3979168 3824701 4282 4282 3820419 13825 13825 3834244 PART V, LINE 4: THE EARNINGS ON ENDOWMENT FUNDS CLASSIFIED WITHIN NET ASSETS WITH DONOR RESTRICTIONS THAT ARE RESTRICTED FOR TIME OR PURPOSE WILL BE EXPENDED IN ACCORDANCE WITH THOSE DONOR RESTRICTIONS. THE ENDOWMENT FUNDS CLASSIFIED WITHIN NET ASSETS WITH DONOR RESTRICTIONS THAT ARE RESTRICTED IN PERPETUITY WILL BE HELD IN PERPETUITY. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE SOCIETY'S EXEMPT FUNCTION. AS OF DECEMBER 31, 2023, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF DECEMBER 31, 2023. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN NET OF REVENUE -4,282. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN NET OF REVENUE 4,282. X X X 0 0 0 0 0 0 0 0 0 JOSEPH CARELLA EXECUTIVE DIRECTOR 129453 0 0 0 0 0 6063 0 21411 0 156927 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2009-05-14 2673000 $2,550,258 REFUND PRIOR ISSUANCE;$40,249 BOND ISSUANCE COSTS; $82,493 FEES 0 0 0 A 2673000 40249 2632751 2001 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING FORM 990 THE COMPLETED FORM IS DISTRIBUTED, REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. ONCE COMMITTEE APPROVAL IS OBTAINED A COPY OF THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL NEW BOARD MEMBERS TO SIGN THE POLICY TO IDENTIFY ANY CONFLICTS THAT EXIST AT THE TIME OF SIGNING. DURING BOARD MEETINGS, MEMBERS ARE ASKED TO IDENTIFY ANY CONFLICTS AS THEY ARISE AND RECUSE THEMSELVES FROM TAKING PART IN A VOTE THAT INVOLVES A MATTER OF CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE YEARLY PERFORMANCE EVALUATION AND SALARY REVIEW OF THE EXECUTIVE DIRECTOR AND ANY OTHER EMPLOYEES EARNING $50,000 AND OVER. THEY USE A SALARY SURVEY AS A BENCHMARK FOR EACH POSITION, UTILIZING COMPARABLES FROM OTHER SIMILAR ORGANIZATIONS AND OTHER AVAILABLE DATA. THE BOARD WILL REVIEW AND APPROVE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION WAS INCORPORATED IN 1912 AND THEREFORE DID NOT FILE A FORM 1023 WITH THE IRS FOR TAX EXEMPT STATUS. THE ORGANIZATION RECEIVED A DETERMINATION LETTER IN 1939 FROM THE IRS. THIS DOCUMENT AND THE 990 WILL BE AVAILABLE FOR INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990; PART XII; LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. THIS PROCESS HAS NOT CHANGED DURING THE YEAR. FORM 990; PART V; LINE 2A: THE ORGANIZATION USES A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) GENESIS HR SOLUTIONS TO PAY ITS EMPLOYEES. IN 2023 GENESIS HR SOLUTIONS ISSUED 36 W-2'S ON BEHALF OF THE SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON, INC.