SALEM COMMUNITY CORP: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SALEM COMMUNITY CORP (EIN 04-2696489)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202433209349316328
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T13:54:01-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 66 HUDSON BLVD E SUITE 2200 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042696489 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALEM COMMUNITY CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SALE | BusinessNameControlTxt |
| Phone | 5088522670 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 BRIARWOOD CIRCLE | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREW FREILICH | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 5088522670 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY-EVELYN ANTONETTI | PreparerPersonNm |
| PTIN | P00431862 | PTIN |
| Phone | 2126976900 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDREW FREILICH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 BRIARWOOD CIRCLE | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $34,303,863 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BRIARWOODRETIREMENT.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1974 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE HOUSING AND SUPPORT TO ITS RESIDENTS AND OTHER SENIORS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 346 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,105,860 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,776,609 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $19,976,067 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $22,195,328 | CYProgramServiceRevenueAmt |
| PY Investment Income | $296,602 | PYInvestmentIncomeAmt |
| CY Investment Income | $275,816 | CYInvestmentIncomeAmt |
| PY Other Revenue | $566,424 | PYOtherRevenueAmt |
| CY Other Revenue | $235,799 | CYOtherRevenueAmt |
| PY Total Revenue | $22,944,953 | PYTotalRevenueAmt |
| CY Total Revenue | $25,483,552 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,538,874 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,481,648 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $15,662,323 | PYOtherExpensesAmt |
| CY Other Expenses | $17,505,705 | CYOtherExpensesAmt |
| PY Total Expenses | $24,201,197 | PYTotalExpensesAmt |
| CY Total Expenses | $26,987,353 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,256,244 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,503,801 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $72,117,974 | TotalAssetsBOYAmt |
| Total Assets EOY | $73,629,717 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $82,698,739 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $84,389,263 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$10,580,765 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$10,759,546 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE ORGANIZATION'S MISSION IS TO ENHANCE THE WELL-BEING, INDEPENDENCE AND PERSONAL FULFILLMENT OF ITS RESIDENTS AND OTHER SENIORS BY PROVIDING EXCELLENT HOUSING, HEALTH, WELLNESS AND SUPPORTIVE SERVICES CONSISTENT WITH THE CARING SPIRIT OF THE FOUNDING CHURCHES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $23,857,393 | ExpenseAmt |
| Revenue | $25,483,552 | RevenueAmt |
| Desc | THE ORGANIZATION'S PROGRAM SERVICES INCLUDE THE OPERATION OF AN 82-BED NURSING HOME, KNOLLWOOD NURSING CENTER AND A 228-UNIT CONTINUING CARE RETIREMENT AND ASSISTED LIVING FACILITY, BRIARWOOD COMMUNITY, IN WORCESTER AND WEST BOYLSTON, MASSACHUSETTS. | Desc |
| Total Program Service Expenses | $23,857,393 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | Yes (1) | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 22 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 346 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HOLLY STEVENS | PersonNm |
| Phone | 5088522670 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 BRIARWOOD CIRCLE | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01606 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| SUSAN DURHAM | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PETER SMITH | |||||||
| DIRECTOR (JOINED IN 2023) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD WHITTEN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KAREN JOHNSON | |||||||
| TREASUER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PAUL FAVULLI | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GARTH JOHNSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KARL N BJORK | |||||||
| DIRECTOR (RESIGNED 4/2023) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR SARAH MCGEE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GAIL MORGAN | |||||||
| PRESIDENT | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ROBERT LONGDEN | |||||||
| VICE PRESIDENT | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| EMILY STARR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LOUIS SWAN | |||||||
| CLERK | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ANITA THOMAS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PETER VILES | |||||||
| DIRECTOR (RESIGNED IN 2023) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEPHEN M PITCHER | |||||||
| DIRECTOR (RESIGNED 4/2023) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH WETTON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| HOLLY STEVENS | |||||||
| CONTROLLER | 40.00 | $114,108 | $0 | $25,890 | Yes (X) | ||
| NATALYA LESHCHINER | |||||||
| CFO | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| MELISSA FERGUSON | |||||||
| NURSING ADMINISTRATOR | 40.00 | $136,867 | $0 | $36,741 | Yes (X) | ||
| PATRICIA FOLEY-MARTEL | |||||||
| NURSING HOME ADMINISTRATOR | 40.00 | $131,768 | $0 | $12,498 | Yes (X) | ||
| DANIELLE RUTH | |||||||
| DIRECTOR OF SALES | 40.00 | $125,432 | $0 | $2,509 | Yes (X) | ||
| EDWARD MURPHY | |||||||
| ASSISTED LIVING SERVICES | 40.00 | $117,322 | $0 | $0 | Yes (X) | ||
| NANCY BEGIN | |||||||
| SALES AND MARKETING | 40.00 | $114,557 | $0 | $5,697 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $740,054 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $83,335 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ROGERSON COMMUNITIES | |||||
| 1 FLORENCE ST | ROSLINDALE | MA | 02131 | MANAGEMENT COMPANY | $876,441 |
| PERFORMANCE HEALTHCARE | |||||
| 47 RIVER STREET | WELLESLEY | MA | 02481 | HOUSEKEEPING | $636,496 |
| NATIONAL FACILITY SERVICES | |||||
| 239 LITTLETON ROAD | WESTFORD | MA | 01886 | MAINTENANCE | $631,449 |
| COMMERCE COMMERCIAL | |||||
| PO BOX 88714 | MILWAUKEE | WI | 532888714 | AGENCY - NURSING STAFFING | $445,170 |
| TWOMAGNETS DBA CLIPBOARD HEALTH | |||||
| 340 S LEMON AVE | WALNUT | CA | 91789 | AGENCY - NURSING STAFFING | $409,592 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $55,172 | FundraisingAmt |
| Government Grants | $2,039,632 | GovernmentGrantsAmt |
| All Other Contributions | $681,805 | AllOtherContributionsAmt |
| Noncash Contributions | $188,034 | NoncashContributionsAmt |
| Total Contributions | $2,776,609 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM SERVICE REVENUE | 623000 | $21,867,501 | $21,867,501 |
| ANCILLARY SERVICES | 623000 | $327,827 | $327,827 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $22,195,328 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $707,666 | TotalRevenueColumnAmt |
| Exclusion | $707,666 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $216,309 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $233,034 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$16,725 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$16,725 | TotalRevenueColumnAmt |
| Exclusion | -$16,725 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,113,166 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,545,016 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$431,850 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$431,850 | TotalRevenueColumnAmt |
| Exclusion | -$431,850 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $44,909 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $55,172 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $42,261 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,648 | TotalRevenueColumnAmt |
| Exclusion | $2,648 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $2,899 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,899 | TotalRevenueColumnAmt |
| Exclusion | $2,899 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| TENANT REIMBURSEMENTS | 900099 | $133,006 | $133,006 |
| MISCELLANEOUS INCOME | 900099 | $76,784 | $76,784 |
| EMPLOYEE/GUEST MEALS | 900099 | $37,187 | $37,187 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $246,977 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,483,552 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,195,328 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $511,615 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,227,699 | TotalAmt |
| Program Services | $7,544,488 | ProgramServicesAmt |
| Management And General | $683,211 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $615,169 | TotalAmt |
| Program Services | $558,832 | ProgramServicesAmt |
| Management And General | $56,337 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $638,780 | TotalAmt |
| Program Services | $580,281 | ProgramServicesAmt |
| Management And General | $58,499 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $908,871 | TotalAmt |
| Program Services | $718,864 | ProgramServicesAmt |
| Management And General | $190,007 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,436 | TotalAmt |
| Program Services | $12,209 | ProgramServicesAmt |
| Management And General | $3,227 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,706 | TotalAmt |
| Program Services | $66,998 | ProgramServicesAmt |
| Management And General | $17,708 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,945 | TotalAmt |
| Program Services | $20,521 | ProgramServicesAmt |
| Management And General | $5,424 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,058,551 | TotalAmt |
| Program Services | $1,628,194 | ProgramServicesAmt |
| Management And General | $430,357 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,524 | TotalAmt |
| Program Services | $107,192 | ProgramServicesAmt |
| Management And General | $28,332 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $551,446 | TotalAmt |
| Program Services | $436,162 | ProgramServicesAmt |
| Management And General | $115,284 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,759 | TotalAmt |
| Program Services | $112,123 | ProgramServicesAmt |
| Management And General | $29,636 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,364,770 | TotalAmt |
| Program Services | $1,079,454 | ProgramServicesAmt |
| Management And General | $285,316 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,732 | TotalAmt |
| Program Services | $4,534 | ProgramServicesAmt |
| Management And General | $1,198 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,906 | TotalAmt |
| Program Services | $36,309 | ProgramServicesAmt |
| Management And General | $9,597 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,913,794 | TotalAmt |
| Program Services | $1,913,794 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,264,200 | TotalAmt |
| Program Services | $3,264,200 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $323,700 | TotalAmt |
| Program Services | $256,028 | ProgramServicesAmt |
| Management And General | $67,672 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| REPAIR & MAINTENANCE | $2,044,405 | $1,617,006 | $427,399 |
| DIETARY | $1,372,886 | $1,085,873 | $287,013 |
| BAD DEBT | $1,100,000 | $1,100,000 | |
| SUPPLIES | $777,114 | $629,981 | $147,133 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,370,960 | TotalAmt |
| Program Services | $1,084,350 | ProgramServicesAmt |
| Management And General | $286,610 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,987,353 | TotalAmt |
| Program Services | $23,857,393 | ProgramServicesAmt |
| Management And General | $3,129,960 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,208,841 | BOYAmt |
| EOY | $8,358,944 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $631,057 | BOYAmt |
| EOY | $545,064 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,311,852 | BOYAmt |
| EOY | $2,582,733 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $386,650 | BOYAmt |
| EOY | $481,355 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $88,127,665 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $40,906,529 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,604,979 | BOYAmt |
| EOY | $47,221,136 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,602,448 | BOYAmt |
| EOY | $9,256,164 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,372,147 | BOYAmt |
| EOY | $5,184,321 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,117,974 | BOYAmt |
| EOY | $73,629,717 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,699,016 | BOYAmt |
| EOY | $2,733,765 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,408,632 | BOYAmt |
| EOY | $8,469,449 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,564,796 | BOYAmt |
| EOY | $39,194,647 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,026,295 | BOYAmt |
| EOY | $33,991,402 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,698,739 | BOYAmt |
| EOY | $84,389,263 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$13,112,162 | BOYAmt |
| EOY | -$13,602,622 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,531,397 | BOYAmt |
| EOY | $2,843,076 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$10,580,765 | BOYAmt |
| EOY | -$10,759,546 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,117,974 | BOYAmt |
| EOY | $73,629,717 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,503,801 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,325,020 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $333,822 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,043,052 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $613,568 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,105,860 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,776,609 | CurrentTaxYearAmt |
| Total | $8,872,911 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,954,155 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,377,176 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,440,427 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,976,067 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $22,195,328 | CurrentTaxYearAmt |
| Total | $93,943,153 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,287,977 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,420,228 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,053,995 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $22,081,927 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,971,937 | CurrentTaxYearAmt |
| Total | $102,816,064 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $55,000 | CurrentTaxYearMinus4YearsAmt |
| Total | $55,000 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $55,000 | CurrentTaxYearMinus4YearsAmt |
| Total | $55,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $102,761,064 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $203,852 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $274,670 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $357,532 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $507,212 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $923,975 | CurrentTaxYearAmt |
| Total | $2,267,241 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $203,852 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $274,670 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $357,532 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $507,212 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $923,975 | CurrentTaxYearAmt |
| Total | $2,267,241 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $2,648 | CurrentTaxYearAmt |
| Total | $2,648 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $420,676 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $398,211 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $622,067 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $249,876 | CurrentTaxYearAmt |
| Total | $1,690,830 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,491,829 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,115,574 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,809,738 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $23,211,206 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $26,148,436 | CurrentTaxYearAmt |
| Total | $106,776,783 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.96240 | PublicSupportCY509Pct |
| Public Support PY509 | 0.96820 | PublicSupportPY509Pct |
| Investment Income CY | 0.02120 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01640 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $1,621 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $1,621 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | SALEM COMMUNITY CORPORATION PAYS DUES TO MASSACHUSETTS SENIOR ASSOCIATION AND THE AMERICAN HEALTH CARE ASSOCIATION. A PORTION OF THESE DUES IS ALLOCATED TO LOBBYING. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preservation Open Space | Yes (X) | PreservationOpenSpaceInd |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | 0 | WrittenPolicyMonitoringInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,531,398 | BeginningYearBalanceAmt |
| Contributions | $224,796 | ContributionsAmt |
| Investment Earnings Or Losses | $308,415 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $221,532 | OtherExpendituresAmt |
| End Year Balance | $2,843,077 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,671,719 | BeginningYearBalanceAmt |
| Contributions | $1,058,780 | ContributionsAmt |
| Investment Earnings Or Losses | -$410,334 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $788,767 | OtherExpendituresAmt |
| End Year Balance | $2,531,398 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,674,595 | BeginningYearBalanceAmt |
| Contributions | $442,061 | ContributionsAmt |
| Investment Earnings Or Losses | $320,736 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $765,673 | OtherExpendituresAmt |
| End Year Balance | $2,671,719 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,208,167 | BeginningYearBalanceAmt |
| Contributions | $277,305 | ContributionsAmt |
| Investment Earnings Or Losses | $280,753 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $91,630 | OtherExpendituresAmt |
| End Year Balance | $2,674,595 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,090,485 | BeginningYearBalanceAmt |
| Contributions | $273,342 | ContributionsAmt |
| Investment Earnings Or Losses | $392,030 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $33,273 | OtherExpendituresAmt |
| Administrative Expenses | $514,417 | AdministrativeExpensesAmt |
| End Year Balance | $2,208,167 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.50436 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.49564 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,694,607 | OtherCostOrOtherBasisAmt |
| Book Value | $2,694,607 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $62,483,039 | OtherCostOrOtherBasisAmt |
| Depreciation | $28,931,635 | DepreciationAmt |
| Book Value | $33,551,404 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,855,724 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,140,490 | DepreciationAmt |
| Book Value | $7,715,234 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,284,477 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,834,404 | DepreciationAmt |
| Book Value | $2,450,073 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $809,818 | OtherCostOrOtherBasisAmt |
| Book Value | $809,818 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $47,221,136 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SOFTWARE | $33,068 |
| ASSETS LIMITED TO USE | $5,151,253 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,184,321 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| REFUNDABLE DEPOSITS | $889,829 |
| RESIDENT REFUNDABLE ENTRANCE FEES | $33,073,389 |
| OTHER LIABILITIES | $28,184 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $33,991,402 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $25,483,552 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,325,020 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $275,295 | OtherRevenueAmt |
| Revenue Not Reported | $1,600,315 | RevenueNotReportedAmt |
| Revenue Subtotal | $23,883,237 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,100,000 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,100,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $24,983,237 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $26,162,648 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $275,295 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $275,295 | ExpensesNotReportedAmt |
| Expenses Subtotal | $25,887,353 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,100,000 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,100,000 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $26,987,353 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 9: | INCLUDED IN LAND IN FIXED ASSETS |
| PART IV, LINE 1B: | SALEM COMMUNITY CORPORATION HAS CUSTODY OF ACCOUNTS FOR PATIENTS. THE AMOUNTS ARE EXPENDED BY PATIENTS AT THEIR REQUEST |
| PART V, LINE 4: | THE ORGANIZATION HAS RECEIVED DONOR-RESTRICTED CONTRIBUTIONS, WHICH HAVE BEEN ACCOUNTED FOR AS NET ASSETS WITH DONOR RESTRICTIONS THAT ARE PERPETUAL IN NATURE. THE PRINCIPAL AMOUNT OF THE CONTRIBUTION IS REQUIRED TO BE MAINTAINED, WITH THE INCOME BEING AVAILABLE FOR RESTRICTED PURPOSES. THE ORGANIZATION MAINTAINS THESE DONOR-RESTRICTED CONTRIBUTIONS IN TWO SEPARATE ENDOWMENT FUNDS, THE RESIDENTS ASSISTANCE FUND AND THE WOODBURY FUND. NET ASSETS WITH PURPOSE RESTRICTIONS REPRESENT GAINS AND LOSSES ON THE ABOVE ENDOWMENT FUNDS. IN ADDITION, NET ASSETS WITH PURPOSE RESTRICTIONS INCLUDE PURPOSE RESTRICTED GIFTS TO: ESTABLISH A FUND TO UNDERWRITE ADVANCE FEES; PAY FOR ADMINISTRATION TRAINING COSTS; PURCHASE A GENERATOR; DEVELOP MEMORY SUPPORT CARE; FUND LIBRARY USES. |
| PART X, LINE 2: | SALEM COMMUNITY CORPORATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. MOUNTAIN STREET WAS ORGANIZED AS A LIMITED LIABILITY COMPANY. AS SUCH, MOUNTAIN STREET IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAX POSITIONS BY APPLYING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 233,034. FUNDRAISING EXPENSE 42,261. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | BAD DEBT EXPENSE 1,100,000. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 233,034. FUNDRAISING EXPENSE 42,261. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | BAD DEBT EXPENSE 1,100,000. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF TOURNAMENT | Event1Nm |
| Gross Receipts Event1 | $100,081 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $55,172 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $44,909 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $1,000 | CashPrizesEvent1Amt |
| Non Cash Prizes Event1 | $742 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $14,909 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $17,212 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $8,398 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $100,081 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $55,172 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $44,909 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $1,000 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $742 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $14,909 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $17,212 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $8,398 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $42,261 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $2,648 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MELISSA FERGUSON | PersonNm |
| Title | NURSING ADMINISTRATOR | TitleTxt |
| Base Compensation Filing Org | $136,867 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $36,741 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $173,608 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| CUSIP | 57584Y2X6 | CUSIPNum |
| Bond Issued | 2022-05-09 | BondIssuedDt |
| Issue Price | $40,345,948 | IssuePriceAmt |
| Purpose | SERIES 2022 BONDS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $1,364,715 | RetiredAmt |
| Total Proceeds | $40,345,948 | TotalProceedsAmt |
| In Reserve Fund | $2,974,881 | InReserveFundAmt |
| Issuance Costs From Proceeds | $805,906 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $36,565,161 | OtherSpentProceedsAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MANUFACTURERS AND | BusinessNameLine1Txt |
| Business Name Line2 | TRADERS TRUST | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 580.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $47,369 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | STEINWAY PIANO | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $140,665 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B) | FormAndLineReferenceDesc |
| Explanation | PART I, COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | SALEM COMMUNITY CORPORATION HIRED ROGERSON COMMUNITIES TO RUN THE DAY TO DAY PROGRAM OPERATIONS AND BUSINESS AFFAIRS OF THE COMMUNITY THROUGH THE EXECUTIVE DIRECTOR POSITION. ROGERSON PAYROLL REIMBURSEMENT FOR ANDREW FREILICH, EXECUTIVE DIRECTOR THROUGH MANAGEMENT COMPANY, WAS $235,456 FOR 2023. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERSHIP SHALL CONSIST OF NOT LESS THAN TEN (10) REPRESENTATIVES OF THE FIRST BAPTIST CHURCH OF WORCESTER, MASSACHUSETTS, AND NOT LESS THAN TEN (10) REPRESENTATIVES OF THE SALEM COVENANT CHURCH OF WORCESTER, MASSACHUSETTS. IN ADDITION TO THE REPRESENTATIVES OF THE TWO CHURCHES, THE MEMBERS ANNUALLY AT THEIR ANNUAL MEETING MAY FIX AN ADDITIONAL NUMBER OF MEMBERS WHO ARE NOT REPRESENTATIVE OF EITHER CHURCH AND MAY ELECT THE ADDITIONAL NUMBER OF MEMBERS SO FIXED. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD OF TRUSTEES SHALL CONSISTS OF A MINIMUM OF TWO (2) REPRESENTATIVE OF THE FIRST BAPTIST CHURCH OF WORCESTER MA AND WHO ARE NOT RESIDENTS OF BRIARWOOD AND A MINIMUM OF TWO (2) REPRESENTATIVES OF THE SALEM COVENANT CHURCH OF WORCESTER, MA AND WHO ARE NOT RESIDENT OF BRIARWOOD, WHENEVER FEASIBLE IN THE JUDGEMENT OF THE GOVERNANCE COMMITTEE. THE BOARD OF TRUSTEES SHALL ALSO INCLUDE THREE (3) RESIDENTS OF BRIARWOOD AND NOT LESS THAN SEVEN (7) MEMBERS FORM THE GREATER WORCESTER COMMUNITY. |
| FORM 990, PART VI, SECTION A, LINE 7B | A TRUSTEE MAY BE SUSPENDED OR REMOVED (A) WITH OR WITHOUT CAUSE BY VOTE OF A MAJORITY OF THE MEMBERS THAN IN OFFICE OR (B) WITH CAUSE BY VOTE OF A MAJORITY OF THE TRUSTEES THEN IN OFFICE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF MEMBERS ON THE FINANCE COMMITTEE ARE GIVEN DRAFTS FOR REVIEW UPON THEIR REVIEW, IF ANY QUESTIONS ARISE, THEY DISCUSS WITH THE CFO/CONTROLLER. IF FURTHER CLARIFICATIONS IS NEEDED, THE ORGANIZATIONS OUTSIDE ACCOUNTANTS ARE CONSULTED. MANAGEMENT WILL REVIEW A DRAFT OF THE FORM 990 UPON PREPARATION AND GIVE APPROVAL BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE EXECUTIVE DIRECTOR SERVES AS THE COMPLIANCE OFFICER. ALL SERVICES INVOLVING CONTRACTS WITH THE CORPORATION WILL BE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. ALL MEMBERS OF THE CORPORATION AND MANAGERS INVOLVED IN CORPORATE PURCHASES WILL COMPLETE AN ANNUAL DISCLOSURE AND CONFLICT OF INTEREST DOCUMENT TO ASSURE ALL PROFESSIONAL, BUSINESS AND PERSONAL RELATIONSHIPS THAT MAY AFFECT PURCHASING OR SERVICE TO RESIDENTS ARE IDENTIFIED. |
| FORM 990, PART VI, SECTION B, LINE 15 | CURRENTLY, THE EXECUTIVE DIRECTOR IS OUTSOURCED FROM THE MANAGEMENT COMPANY, ROGERSON COMMUNITIES, WHO DETERMINES SALARY BASED ON SERVICES PROVIDED. TYPICALLY, THE EXECUTIVE DIRECTOR IS INTERVIEWED AND SELECTED BY THE BOARD OF DIRECTORS AND THE FINANCE COMMITTEE. PRIOR TO MAKING THE COMPENSATION OFFER, HUMAN RESOURCES CONDUCTS A MARKET REVIEW OF CURRENT SALARY RANGES FOR CCRC/NURSING CENTERS IN THE GREATER WORCESTER AREA. UPON COMPLETION OF THE SURVEY, THE BOARD DETERMINES A COMPENSATION PACKAGE AND MAKES THE OFFER. ANNUALLY THE BOARD CONDUCTS AN EVALUATION AND REVIEW OF THE EXECUTIVE DIRECTOR AND DETERMINES A PERCENTAGE INCREASE BASED ON THE REVIEW. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE ORGANIZATION'S BUSINESS OFFICE. |
| FORM 990, PART XII, LINE 2C: | NO CHANGE FROM PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOUNTAIN STREET PROPERTIES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 BRIARWOOD CIRCLE | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841803425 | EIN |
| Primary Activities | REAL ESTATE PROPERTIES | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Total Income | $310,498 | TotalIncomeAmt |
| End Of Year Assets | $1,717,395 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALEM COMMUNITY CORPORATION | BusinessNameLine1Txt |