2023-05-05T07:07:59-05:00 2022-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-01-01 020446675 PETERBOROUGH RETIREMENT COMMUNITY AT UPLAND FARM INC PETE 6039240062 150 RIVERMEAD ROAD PETERBOROUGH NH 03458 MARTIN J CONLEY III CFO 6039240062 2023-05-02 1 MARTIN CONLEY III 999009999 0 KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RIVERMEAD LARISA M SHEA 150 RIVERMEAD ROAD PETERBOROUGH NH 03458 31648941 0 X WWW.RIVERMEAD.ORG X 1991 NH TO PROVIDE EXCELLENT HOUSING AND HEALTH CARE SERVICES TO ITS RESIDENTS. 15 15 400 120 0 0 2126454 137666 22657416 24947210 1669095 858509 240373 314894 26693338 26258279 101936 121633 0 0 12823669 13096797 0 0 0 13087614 13601204 26013219 26819634 680119 -561355 101660266 99988081 123872815 120830200 -22212549 -20842119 X RIVERMEAD IS A PROGRESSIVE NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY THAT ADVOCATES FOR AN ENRICHED LIFESTYLE WITH CULTURAL AND EDUCATIONAL OPPORTUNITIES. CONTINUED ON SCHEDULE "O".WE CONTINUOUSLY STRIVE TO PROVIDE HIGH-QUALITY, HOLISTIC LIFECARE PROGRAMS, AND HEALTHCARE SERVICES IN A FINANCIALLY RESPONSIBLE MANNER. IN SERVING THIS COMMITMENT, WE SEEK TO PROVIDE A POSITIVE AND SUPPORTIVE WORK ENVIRONMENT. 0 0 23759827 121633 24947210 RIVERMEAD HAS INDEPENDENT LIVING, ASSISTED LIVING AND MEMORY SUPPORT RESIDENCES AVAILABLE TO INDIVIDUALS AGED 62 AND OLDER. THESE RESIDENCES ARE AVAILABLE UNDER A LIFECARE CONTRACT, WHICH GUARANTEES RESIDENTS ACCESS TO DINING, HEALTHCARE, PROGRAMMING, AND OTHER SERVICES FOR THE ENTIRETY OF THEIR LIVES. RIVERMEAD HAS NEVER TERMINATED A RESIDENCE AND SERVICES AGREEMENT SOLELY BASED UPON A RESIDENT'S INABILITY TO PAY HIS OR HER MONTHLY FEE IN FULL. IN 2022, RIVERMEAD PROVIDED $85,000 IN CHARITABLE ASSISTANCE TO RESIDENTS.CONTINUED ON SCHEDULE O.RIVERMEAD IS COMMITTED TO PROVIDING QUALITY PROGRAMS, SERVICES, AND AMENITIES TO ENRICH RESIDENTS' LIVES INCLUDING EXCEPTIONAL DINING EXPERIENCES, THERAPY SERVICES, HOME HEALTH SERVICES, HOUSEKEEPING, MAINTENANCE SERVICES, A WELLNESS CENTER, AN INDOOR POOL, TRANSPORTATION, TWO LIBRARIES, A MOVIE THEATER, A WOODWORKING SHOP, A GREEN HOUSE, AN ART GALLERY, WALKING TRAILS, CROQUET COURTS, BOCCE COURTS, AND RAISED GARDEN BEDS. 23759827 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 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 0 0 0 0 1 48 0 400 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X MARTIN J CONLEY III CFO 6033710431 150 RIVERMEAD RD PETERBOROUGH NH 03458 SUSAN PETERS CHAIR 1.00 X X 0 0 0 JOSEPH CARACAPPA VICE CHAIR 1.00 X X 0 0 0 RICHARD HANCE SECRETARY 1.00 X X 0 0 0 ROBERT EDWARDS TREASURER 1.00 X X 0 0 0 PETER W LEBERMAN SECRETARY (UNTIL 6/2022) 1.00 X X 0 0 0 GEORGE FOOTE TRUSTEE 1.00 X 0 0 0 CARL JOHNSON TRUSTEE 1.00 X 0 0 0 DEBORAH ROODY TRUSTEE 1.00 X 0 0 0 GERALD GALUS TRUSTEE 1.00 X 0 0 0 PETER IMHOFF TRUSTEE 1.00 X 0 0 0 BETH FERNALD TRUSTEE 1.00 X 0 0 0 GERALD DEBONIS TRUSTEE 1.00 X 0 0 0 CYNDEE MCGUIRE TRUSTEE 1.00 X 0 0 0 KEN MESSINA TRUSTEE 1.00 X 0 0 0 MARY ELLEN SPENCER TRUSTEE 1.00 X 0 0 0 PETER ROTCH TRUSTEE 1.00 X 0 0 0 MARTIN J CONLEY III CHIEF FINANCIAL OFFICER 40.00 X 211557 0 51936 LARISA M SHEA CEO 40.00 X 229569 0 11976 DOUGLAS SHARP DIRECTOR OF CAPITAL IMPROVEMENT 40.00 X 130391 0 52641 DIANNE TISDALE DIRECTOR OF HUMAN RESOURCE 40.00 X 138131 0 52526 JULIE SIMO CONTROLLER 40.00 X 123792 0 26761 SHERRY GAUTHIER DIRECTOR OF RESIDENT SERVICES 40.00 X 121178 0 54248 MEGHAN COOK HEALTH CENTER ADMINISTRATOR 40.00 X 119412 0 16096 1074030 0 266184 9 0 1 0 UNIDINE LIFESTYLES LLC PO BOX 102289 ATLANTA GA 303682289 DINING SERVICES MANAGEMENT 649591 SYSCO BOSTON LLC 99 SPRING STREET PLYMPTON MA 02367 FOOD & SUPPLIES 563318 NETWORK COVERAGE 222 ROSEWOOD DRIVE 11TH FLOOR DANVERS MA 01923 NETWORK ADMINISTRATION 261343 PRECISION TEMPERATURE CONTROL INC 24 SAW MILL DR JAFFREY NH 03452 HVAC 226817 DAIRYLAND PRODUCE LLC DBA SID WAINER & PO BOX 22264 NEW YORK NY 10087 FOOD & SUPPLIES 216479 12 118729 18937 137666 RESIDENT SERVICE FEES 623000 14450254 14450254 HEALTH CENTER FEES 623000 5332648 5332648 EARNED ENTRANCE FEES 623000 5164308 5164308 24947210 337443 337443 28530 29696 -1166 -1166 -1166 5749426 132606 5083607 277359 665819 -144753 521066 521066 HOME HEALTH 900099 110708 110708 GUEST MEAL REVENUE 900099 82344 82344 COVERED PARKING REVENUE 900099 30289 30289 92719 92719 316060 26258279 24947210 0 1173403 22425 22425 99208 99208 505038 505038 10150256 8987437 1162819 268164 261093 7071 1409025 1340785 68240 764314 690333 73981 302794 302794 51655 51655 500 500 1229312 1195365 33947 23243 23243 733616 514130 219486 428782 428782 2424821 2407497 17324 87904 69974 17930 1558828 1547726 11102 4781582 4747426 34156 186446 167107 19339 FOOD 1163507 1163507 REPAIRS & MAINTENANCE 301644 301644 RESIDENT ACTIVITIES 97699 97699 MEDICAL SUPPLIES 69941 69941 158930 76530 82400 26819634 23759827 3059807 0 12826 18282 1908239 1407610 151030 203961 99911 95387 533214 510952 125441295 46632703 79106122 78808592 19773453 14376006 75471 4567291 101660266 99988081 3027514 2204897 68313381 65271451 50977132 53200104 4518 3940 198077 118681 1352193 31127 123872815 120830200 X -22616271 -21213346 403722 371227 -22212549 -20842119 101660266 99988081 X -561355 -3890738 5822523 X 0 1 X 1 0 X 55537 110756 904446 2126454 136666 3333859 19328355 20543406 22925456 22657416 24947210 110401843 19383892 20654162 23829902 24783870 25083876 113735702 0 0 0 113735702 576879 692760 540811 509521 365973 2685944 576879 692760 540811 509521 365973 2685944 291587 274357 195273 242791 316060 1320068 20252358 21621279 24565986 25536182 25765909 117741714 0.96600 0.96390 0.02280 0.02480 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MEMBER FUNCTIONS - 2018 AMOUNT: $ 32,713. 2019 AMOUNT: $ 43,426. 2020 AMOUNT: $ 24,676. 2021 AMOUNT: $ 21,881. 2022 AMOUNT: $ 26,773. GUEST ROOM RENTAL - 2018 AMOUNT: $ 50,411. 2019 AMOUNT: $ 54,759. 2020 AMOUNT: $ 9,384. 2021 AMOUNT: $ 840. 2022 AMOUNT: $ 29,438. COVERED PARKING REVENUE - 2018 AMOUNT: $ 29,503. 2019 AMOUNT: $ 22,585. 2020 AMOUNT: $ 27,188. 2021 AMOUNT: $ 27,714. 2022 AMOUNT: $ 30,289. GUEST MEAL REVENUE - 2018 AMOUNT: $ 100,501. 2019 AMOUNT: $ 90,921. 2020 AMOUNT: $ 44,225. 2021 AMOUNT: $ 57,418. 2022 AMOUNT: $ 82,344. HOME HEALTH - 2018 AMOUNT: $ 52,149. 2019 AMOUNT: $ 31,154. 2020 AMOUNT: $ 70,023. 2021 AMOUNT: $ 100,612. 2022 AMOUNT: $ 110,708. COUNTY STORE REVENUE - 2018 AMOUNT: $ 7,059. 2019 AMOUNT: $ 8,880. 2020 AMOUNT: $ 4,862. 2021 AMOUNT: $ 9,978. 2022 AMOUNT: $ 15,261. HOUSEKEEPING MAINTENANCE - 2018 AMOUNT: $ 16,429. 2019 AMOUNT: $ 19,547. 2020 AMOUNT: $ 11,605. 2021 AMOUNT: $ 21,582. 2022 AMOUNT: $ 16,243. MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 2,822. 2019 AMOUNT: $ 3,085. 2020 AMOUNT: $ 3,310. 2021 AMOUNT: $ 2,766. 2022 AMOUNT: $ 1,504. FITNESS MEMBERSHIP - 2022 AMOUNT: $ 3,500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 500 500 0 PART II-B, LINE 1: RIVERMEAD IS A MEMBER OF THE LEADINGAGE MAINE AND NEW HAMPSHIRE AND THE LEADINGAGE NATIONAL ASSOCIATIONS. A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS ARE AVAILABLE FOR LOBBYING EXPENDITURES ON BEHALF OF RIVERMEAD TO FURTHER OUR EXEMPT PURPOSE. RIVERMEAD DOES NOT DIRECTLY PERFORM ANY LOBBYING ACTIVITIES. 0 1 X 2997797 38604 -487028 133761 2415612 2864565 34653 188983 90404 2997797 2634208 25150 270766 65559 2864565 2238236 109119 451807 84946 80008 2634208 2376673 55535 -78561 113497 1914 2238236 0.85000 0.10000 0.05000 0 0 2265575 2265575 100276852 32941600 67335252 12921317 8490295 4431022 9977551 5200808 4776743 78808592 GIFT ANNUITIES PAYABLE 31127 31127 X 28134450 -3890738 5737213 1846475 26287975 -29696 -29696 26258279 26764022 29696 29696 26734326 85308 85308 26819634 PART IV, LINE 2B: RIVERMEAD MAINTAINS A RESIDENT TRUST ACCOUNT FOR RESIDENTS IN ASSISTED LIVING AND MEMORY SUPPORT TO UTILIZE FOR PERSONAL EXPENSES. PART V, LINE 4: RIVERMEAD MAINTAINS TEMPORARILY RESTRICTED FUNDS, WHICH HAVE BEEN CONTRIBUTED WITH DONOR SPECIFIC RESTRICTIONS THAT ARE REASONABLY EXPECTED TO BE MET IN THE NEAR TO MID-TERM. THESE RESTRICTIONS ARE OUTLINED BY THE DONOR AT THE TIME OF THE GIFT. PRINCIPAL AND EARNINGS OF THESE GIFTS ARE RESTRICTED TO THE PURPOSE OUTLINED BY THE DONOR. RIVERMEAD MAINTAINS PERMANENTLY RESTRICTED FUNDS, THE PRINCIPAL OF WHICH SHALL BE MAINTAINED IN PERPETUITY, WHILE INCOME IS AVAILABLE TO PROVIDE CHARITABLE ASSISTANCE TO RIVERMEAD RESIDENTS. PART X, LINE 2: RIVERMEAD ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2022 OR 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF DERIVATIVES 5,827,881. CHARITABLE ASSISTANCE TO RESIDENTS NETTED AGAINST REVENUE ON F/S -85,308. CONTRIBUTION ADJUSTMENT -5,360. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -29,696. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 29,696. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHARITABLE ASSISTANCE TO RESIDENTS NETTED AGAINST REVENUE ON F/S 85,308. INVESTMENT FEES NETTED AGAINST REVENUE ON F/S 1 GREATER KEENE AND PETERBOROUGH CHAMBER OF COMMERCE 48 CENTRAL SQUARE KEENE NH 03431 020214565 501(C)(6) 8700 0 N/A GOLF SPONSORSHIP AND CAMPAIGN TO PROMOTE PETERBOROUGH REGION 1 CHARITABLE ASSISTANCE WITH RESIDENT MONTHLY FEES 1 85308 0 N/A N/A STAFF EDUCATIONAL ASSISTANCE GRANTS 6 13900 0 N/A N/A PART I, LINE 2: MANAGEMENT IDENTIFIES RESIDENTS WHO MAY NEED CHARITABLE ASSISTANCE TO PAY THEIR MONTHLY FEES. ONCE IDENTIFIED, A REVIEW IS CONDUCTED OF THE RESIDENT'S FINANCES AND, IF THE RESIDENT TRULY HAS AN INABILITY TO PAY HIS OR HER MONTHLY FEE IN FULL, THEN THE REQUEST IS SENT TO THE CEO FOR APPROVAL. EMPLOYEES MAY REQUEST EDUCATIONAL ASSISTANCE UP TO CERTAIN LIMITS ESTABLISHED BY VARIOUS PROGRAMS ADMINISTERED BY RIVERMEAD. MANAGEMENT REVIEWS EACH REQUEST TO ENSURE IT IS COVERED UNDER THE PROGRAM AND THE EMPLOYEE MEETS CERTAIN ELIGIBILITY REQUIREMENTS. ONCE MANAGEMENT HAS REVIEWED AND APPROVED A REQUEST FOR EDUCATIONAL ASSISTANCE, A GRANT IS PROVIDED TO THE EMPLOYEE PER THE GUIDELINES OF THE PROGRAM. X X X X 0 0 0 0 0 0 0 1 0 MARTIN J CONLEY III CHIEF FINANCIAL OFFICER 197926 0 13564 0 67 0 13146 0 38790 0 263493 0 0 0 LARISA M SHEA CEO 226269 0 3233 0 67 0 2455 0 9521 0 241545 0 0 0 DIANNE TISDALE DIRECTOR OF HUMAN RESOURCE 126377 0 11687 0 67 0 8781 0 43745 0 190657 0 0 0 DOUGLAS SHARP DIRECTOR OF CAPITAL IMPROVEMENT 121489 0 8835 0 67 0 8349 0 44292 0 183032 0 0 0 SHERRY GAUTHIER DIRECTOR OF RESIDENT SERVICES 111945 0 9166 0 67 0 7748 0 46500 0 175426 0 0 0 JULIE SIMO CONTROLLER 114182 0 9543 0 67 0 7562 0 19199 0 150553 0 0 0 PART I, LINE 7 CERTAIN EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A RECEIVED RETENTION, PERFORMANCE AND/OR HOLIDAY BONUSES. A NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2017-12-28 44882000 SEE PART VI 0 0 0 B NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2021-04-02 20910219 SEE PART VI 0 0 0 A 10693928 44882000 1114031 28795 346485 33155996 10382000 2022 1 0 1 1 B 834907 20910219 20910219 2021 1 0 1 1 A 0 1 0 0 0.00240 0.00240 0 0 1 B 0 1 0 0 0.00210 0.00210 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: NEW HAMPSHIRE HEALTH AND EDUCATON FACILITIES AUTHORITY (A) DESCRIPTION OF PURPOSES: EXPANSION & RENOVATION OF COMMUNITY & REFUNDING OF SERIES 2013 BONDS (A) ISSUER NAME: NEW HAMPSHIRE HEALTH AND EDUCATON FACILITIES AUTHORITY (A) DESCRIPTION OF PURPOSES: REFINANCE SERIES 2011 BONDS FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES, MARY ELLEN SPENCER AND DEBORAH ROODY, HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT, INCLUDING THE CEO AND CFO WILL REVIEW INITIAL DRAFT VERSIONS OF THE 990. AFTER THEIR INITAL REVIEW AND ANY CHANGES RESULTING FROM THEIR REVIEW HAVE BEEN MADE TO THE 990, THE 990 WILL BE REVIEWED BY THE AUDIT COMMITTEE. AFTER AUDIT COMMITTEE REVIEW AND UPON RECOMMENDATION FOR ACCEPTANCE BY THE AUDIT COMMITTEE, THE 990 WILL BE PROVIDED TO THE ENTIRE BOARD FOR THEIR FINAL REVIEW AND ACCEPTANCE. CONTACT INFORMATION FOR THE CEO, CFO, AUDIT COMMITTEE, AND 990 PREPARER (BAKER TILLY) WILL BE PROVIDED TO ALL BOARD MEMBERS SHOULD THEY HAVE ANY QUESTIONS OR CONCERNS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE AND OFFICER OF RIVERMEAD MUST BE EVER COGNIZANT AND AWARE OF POSSIBLE CONFLICT OF INTEREST SITUATIONS. ANY SUCH POSSIBLE CONFLICT MUST BE FULLY DISCLOSED IN WRITING TO THE BOARD OF TRUSTEES, AND WILL BE CONSIDERED BY THE BOARD FOR DISCUSSION, APPROVAL, OR ANY OTHER APPROPRIATE ACTION IN ACCORDANCE WITH THE REQUIREMENTS OF APPLICABLE LAW, AND ONLY IF THE MATTER SERVES THE BEST INTERESTS OF RIVERMEAD. RIVERMEAD IDENTIFIES POSSIBLE CONFLICTS OF INTEREST BY HAVING ALL TRUSTEES AND OFFICERS COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRES ANNUALLY. THE CEO IS RESPONSIBLE FOR ENSURING ALL QUESTIONNAIRES ARE COMPLETED. THE BOARD OF TRUSTEES REVIEWS EACH POTENTIAL CONFLICT OF INTEREST. BOARD MEMBERS WITH A CONFLICT ARE REQUIRED TO ABSTAIN FROM VOTING ON THE MATTER. NEW HAMPSHIRE AND FEDERAL LAWS REGARDING DISCLOSURE OF CONFLICTS OF INTEREST ARE FOLLOWED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS DETERMINED BY THE BOARD OF TRUSTEES USING DATA FROM THE LEADINGAGE NATIONAL SALARY SURVEY AND FROM FORM 990 DATA FROM COMPARABLE REGIONAL ORGANIZATIONS. THE CEO'S ANNUAL PERFORMANCE REVIEW IS ALSO CONSIDERED IN DETERMINING HIS OR HER ANNUAL COMPENSATION PACKAGE. COMPENSATION OF OTHER MANAGEMENT STAFF IS DETERMINED BY THE CEO AND HR DIRECTOR. A COMPENSATION STUDY HAS BEEN CONDUCTED TO DEVELOP WAGE GRADES FOR EACH POSITION WITHIN THE ORGANIZATION. WAGE GRADES ARE REVIEWED ANNUALLY, UPDATED AS NEEDED AND ARE AN INTEGRAL PART OF DETERMINING COMPENSATION FOR NEW HIRES AND ADJUSTMENTS TO COMPENSATION FOR CURRENT EMPLOYEES. SALARY BENCHMARKING INFORMATION IS ALSO REVIEWED ANNUALLY TO DETERMINE THE APPROPRIATENESS OF COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN RIVERMEAD'S DISCLOSURE STATEMENT AND UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF DERIVATIVES 5,827,883. CONTRIBUTION WRITE OFF -5,360.