2025-08-15T15:30:22-05:00 2024-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2023-10-01 060859588 WAVENY CARE CENTER INC WAVE 2035945200 3 FARM ROAD NEW CANAAN CT 06840 CHARLES B ROSE CFO 2035945200 2025-08-15 1 1 MARY-EVELYN ANTONETTI P00431862 2126976900 2025-08-15 2023 2025-03-06 01:10:19Z RUSSELL BARKSDALE 3 FARM ROAD NEW CANAAN CT 06840 19000073 0 X WWW.WAVENY.ORG X 1998 CT LONG AND SHORT TERM REHABILITATION AND LONG-TERM CARE (SEE SCHEDULE O)WAVENY LIFECARE NETWORK PROVIDES A COMPREHENSIVE CONTINUUM OF HEALTHCARE TO SERVE THE GROWING NEEDS OF ADULTS FROM ALL AREAS. WE OFFER A PROGRESSION OF THERAPEUTIC PROGRAMS, SERVICES AND LIVING OPTIONS TO ENHANCE QUALITY OF LIFE FOR THOSE WE SERVE. AS PART OF THE WAVENY LIFECARE NETWORK, WAVENY CARE CENTER PROVIDES LONG AND SHORT TERM REHABILITATION AND LONG-TERM CARE. WAVENY CARE CENTER, INC. OPERATES A 76 BED SKILLED NURING HOME AND MEALS ON WHEELS PROGRAM. 23 22 435 295 -6568 0 5683002 1153090 12853124 14617558 749815 838486 114445 36759 19400386 16645893 16272 587312 0 0 8454307 9287108 0 0 513087 6891311 6487027 15361890 16361447 4038496 284446 30739081 35333210 15839490 15701795 14899591 19631415 WE SEEK TO PROVIDE THE HIGHEST QUALITY OF COMPASSIONATE, PERSON-CENTERED CARE. WE ARE COMMITTED TO OFFERING SERVICES AND RESOURCES TO CONTINUALLY MEET AND EXCEED THE GROWING NEEDS OF OLDER ADULTS AND THEIR FAMILIES. 0 0 10417714 587312 14390011 INPATIENT ROOM & BOARD - NURSING SERVICES PROVIDED RESIDENTS AND PATIENTS WITH AN APPROPRIATE ASSISTANCE WITH ACTIVITES OF DAILY LIVING AND AN ADEQUATE BALANCE OF PROFESSIONAL SERVICES AND PERSONAL ATTENTION. TOTAL NUMBER OF PERSONS BENEFITING: 566 1268957 131012 NUTRITIONAL CARE TO PATIENTS, RESIDENTS & ORGANIZATIONS - DIETARY SERVICES PROVIDED MEALS AND NUTRITIONAL CARE TO MEALS ON WHEELS, RESIDENTS, AND PATIENTS. TOTAL NUMBER OF PEOPLE BENEFITING : 643 1079138 96535 INPATIENT REHABILITATION SERVICES - OTHER RESIDENT SERVICES PROVIDED WITH THE OPPORTUNITY TO MAINTAIN INDEPENDENCE WHILE HAVING READY ACCESS TO NURSING AND REHABILITATION SERVICES. TOTAL NUMBER OF PEOPLE BENEFITTING: 128 12765809 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 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 59 0 1 435 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X STEPHANIE KAZMIERCZAK 2035945267 3 FARM ROAD NEW CANAAN CT 06840 LEO KARL III DIRECTOR 1.00 4.00 X 0 0 0 K RONE BALDWIN CHAIRMAN 1.00 4.00 X X 0 0 0 MARIAN CURTIS BLAIR CO-VICE CHAIR 1.00 4.00 X X 0 0 0 DAVID HUNT TREASURER 1.00 4.00 X X 0 0 0 BARB ACHENBAUM DIRECTOR 1.00 4.00 X 0 0 0 RUSSELL BARKSDALE CEO 40.00 4.00 X X 553801 0 9286 SHARON BRADLEY DIRECTOR (UNTIL 12/2023) 1.00 4.00 X 0 0 0 PETER BRIDGMAN DIRECTOR (UNTIL 12/2023) 1.00 4.00 X 0 0 0 KATHLEEN CORBET DIRECTOR (UNTIL 12/2023) 1.00 4.00 X 0 0 0 RICHARD CROARKIN DIRECTOR (UNTIL 12/2023) 1.00 4.00 X 0 0 0 RICHARD DEPATIE DIRECTOR 1.00 4.00 X 0 0 0 MARY FRANCO CO-VICE CHAIR 1.00 4.00 X X 0 0 0 DR CRAIG OLIN DIRECTOR 1.00 4.00 X 0 0 0 NANCY PEREZ SECRETARY 1.00 4.00 X X 0 0 0 DR DAVID REED DIRECTOR 1.00 4.00 X 0 0 0 PAUL REISS DIRECTOR 1.00 4.00 X 0 0 0 MARYNE ROBIN DIRECTOR 1.00 4.00 X 0 0 0 REV PETER WALSH DIRECTOR 1.00 4.00 X 0 0 0 DEANNA XISTRIS DIRECTOR 1.00 4.00 X 0 0 0 PENNY YOUNG DIRECTOR 1.00 4.00 X 0 0 0 JILL SAUTKULIS DIRECTOR 1.00 4.00 X 0 0 0 RICHARD TOWNSEND DIRECTOR (FROM 1/2024) 1.00 4.00 X 0 0 0 DR KESAV NAIR DIRECTOR (FROM 1/2024) 1.00 4.00 X 0 0 0 JANET LANAWAY DIRECTOR (FROM 1/2024) 1.00 4.00 X 0 0 0 ROSE LANARD DIRECTOR (FROM 1/2024) 1.00 4.00 X 0 0 0 MARK DEWAELE DMD DIRECTOR (FROM 1/2024) 1.00 4.00 X 0 0 0 DIONNA CARLSON DIRECTOR (FROM 1/2024) 1.00 4.00 X 0 0 0 CHARLES ROSE CFO 40.00 4.00 X 215135 0 5837 TERRANCE HENRY CHIEF MARKETING/SALES OFFICER 40.00 4.00 X 214128 0 49302 REBECCA ALBRECHT CHIEF HUMAN RESOURCES OFFICER 40.00 4.00 X 214315 0 5142 CAROL MCDONNELL SMITH VP HOME HEALTH 40.00 4.00 X 213005 0 10810 FRANCOIS COFFY-MICHEL VILLAGE EXECUTIVE DIRECTOR 40.00 0.00 X 172913 0 12519 MARY M ROSS HHC NURSE SUPERVISOR 40.00 0.00 X 168039 0 5142 MARIE PAUL RN 40.00 0.00 X 164099 0 10856 PAUL M REYNOLDS JR ADMINISTRATOR 40.00 0.00 X 154740 0 10280 CLAUDIA KATZ DIRECTOR OF NURSING 40.00 0.00 X 162125 0 6046 2232300 0 125220 73 0 1 0 MORRISON'S MANAGEMENT SPECIALISTS 400 NORTHBRIDGE ROAD SUITE 600 SANDY SPRINGS GA 30350 DIETARY & ENVIRONMENTAL MGMT SERVICES 3614689 PREFERRED THERAPY SOLUTIONS LLC 850 SILAS DEAN HIGHWAY 2ND FLOOR WETHERSFIELD CT 06109 REHABILITATION SERVICES 1134494 AMENTA EMMA ARCHITECTS 242 TRUMBULL STREET HARTFORD CT 06103 ARCHITECTURE DESIGN 392292 COMPASS MSP LLC 67 PROSPECT AVE STE 202 HARTFORD CT 06106 CYBERSECURITY 299340 MARCUM LLP 555 LONG WHARF DRIVE 8TH FLOOR NEW HAVEN CT 06511 ACCOUNTING & PROFESSIONAL SERVICES 253450 13 1153090 8272 1153090 RESIDENT SERVICE REVENUE 623990 14486546 14486546 MEALS ON WHEELS 624210 131012 131012 14617558 513214 513214 46452 53020 -6568 -6568 -6568 2600927 25505 2301160 0 299767 25505 325272 325272 CAFETERIA & GUEST MEALS 722514 43297 43297 MISCELLANEOUS INCOME 900099 30 30 43327 16645893 14617558 -6568 881813 587312 587312 560438 560438 7372154 5953684 979046 439424 4308 3073 1235 902776 655162 247614 447432 319145 128287 77696 77696 237851 237851 68072 68072 372912 148039 207467 17406 72916 50561 22355 138482 53762 60823 23897 353038 335854 17184 151308 145418 5339 551 185196 185196 525633 498271 27362 167486 167486 DIETARY EXPENSES 1268958 1268958 THERAPY SERVICES 1079138 1079138 ANCILLARY EXPENSES 492562 492562 HOUSEKEEPING EXPENSES 485276 485276 810503 740155 60894 9454 16361447 12765809 3082551 513087 696478 1547904 575005 1453096 109783 158764 1199122 1658856 419651 102342 16727839 12586901 3927978 4140938 23557609 26008691 253455 262619 30739081 35333210 2586224 2341404 0 99650 0 39292 13253266 13221449 15839490 15701795 X 12015790 16360199 2883801 3271216 14899591 19631415 30739081 35333210 X 284446 4288191 136866 22321 X X 0 1 X 1 0 X 693618 3645889 1844611 5683002 1153090 13020210 11207702 9468424 11015910 12853124 14617558 59162718 11901320 13114313 12860521 18536126 15770648 72182928 250000 400000 181385 831385 800066 800066 250000 400000 981451 1631451 70551477 3785 348827 2188341 862365 513214 3916532 3785 348827 2188341 862365 513214 3916532 110574 43327 153901 11905105 13463140 15048862 19509065 16327189 76253361 0.92520 0.93950 0.05140 0.05010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 110,574. 2023 AMOUNT: $ 30. CAFETERIA GUEST MEALS - 2023 AMOUNT: $ 43,297. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 12360 26932 39292 1 X 19851855 3751121 687764 40720 22874492 18605467 2012882 732482 34012 19851855 23447729 -4403203 435681 33378 18605467 17223749 4294595 2544534 559822 25327 23447729 17161674 957647 847376 48197 17223749 0.86146 0.11060 0.02794 0 0 8466034 6365881 2100153 423699 312599 111100 7142004 5884004 1258000 696102 24417 671685 4140938 LINE OF CREDIT 2300000 NET DUE TO/ FROM AFFILIATES 10658830 OPERATING LEASE LIABILITY 262619 13221449 X PART IV, LINE 2B: WCC HOLDS AND MANAGES THE PATIENT TRUST ACCOUNT FOR THE USE OF PATIENTS. PART X, LINE 2: THE FOLLOWING IS AN EXCERPT FROM NOTE 1 OF THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS: THE NETWORK AND ITS SUBSIDIARIES HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS NOT-FOR-PROFIT CORPORATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE NETWORK 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 SEPTEMBER 30, 2024 AND 2023, THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE NETWORK IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. SCHEDULE D PART V CONTRIBUTIONS IN COLUMN D - THIS REPRESENTS THE BEGINNING BALANCE AS OF 7/1/2021 (DATE OF MERGER) OF THE ENDOWMENT FUND FOR VISITING NURSE & HOSPICE OF FAIRFIELD COUNTY (VNHFC). PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO BE UTILIZED TO SUPPORT THE MISSION AND PROGRAMS OF WAVENY LIFECARE NETWORK, INC. AND ITS RELATED SUBSIDIARIES, WAVENY CARE CENTER, INC., WAVENY CARE CENTER HEALTH SERVICES, INC., WAVENY AT HOME, INC., AND VISITING NURSE & HOSPICE OF FAIRFIELD COUNTY, INC. 1 WAVENY CARE CENTER HEALTH SERVICES INC 3 FARM ROAD NEW CANAAN CT 06840 061558523 501(C)(3) 353732 0 TO COVER FINANCIAL ASSISTANCE PROVIDED TO THE VILLAGE AND CARE CENTER VISITING NURSE & HOSPICE OF FAIRFIELD COUNTY INC 3 FARM ROAD NEW CANAAN CT 06840 061062903 501(C)(3) 233580 0 TO COVER FINANCIAL ASSISTANCE PROVIDED TO THE VILLAGE AND CARE CENTER 2 X X X 0 0 0 0 0 1 1 0 0 RUSSELL BARKSDALE CEO 403801 0 150000 0 0 0 0 0 9286 0 563087 0 0 0 TERRANCE HENRY CHIEF MARKETING/SALES OFFICER 198200 0 15928 0 0 0 0 0 49302 0 263430 0 0 0 CAROL MCDONNELL SMITH VP HOME HEALTH 198605 0 14400 0 0 0 0 0 10810 0 223815 0 0 0 CHARLES ROSE CFO 203135 0 12000 0 0 0 0 0 5837 0 220972 0 0 0 REBECCA ALBRECHT CHIEF HUMAN RESOURCES OFFICER 195433 0 18882 0 0 0 0 0 5142 0 219457 0 0 0 FRANCOIS COFFY-MICHEL VILLAGE EXECUTIVE DIRECTOR 163367 0 9546 0 0 0 0 0 12519 0 185432 0 0 0 MARIE PAUL RN 157591 0 6508 0 0 0 0 0 10856 0 174955 0 0 0 MARY M ROSS HHC NURSE SUPERVISOR 156780 0 11259 0 0 0 0 0 5142 0 173181 0 0 0 CLAUDIA KATZ DIRECTOR OF NURSING 154073 0 8052 0 0 0 0 0 6046 0 168171 0 0 0 PAUL M REYNOLDS JR ADMINISTRATOR 141360 0 13380 0 0 0 0 0 10280 0 165020 0 0 0 PART I, LINE 6 THE ORGANIZATION KEEPS A SCORECARD FOR REVIEW. PART I, LINE 7 THE BOARD OF DIRECTORS DOES A REVIEW OF THE PERFORMANCE OF THE INDIVDIUALS DURING THE YEAR COMPARED TO VARIOUS PERFORMANCE METRICS. AFTER REVIEWING ALL THE INFORMATION, THE INDIVIDUAL'S WERE AWARDED A DISCRETIONARY BONUS. ALL BONUS PAYMENTS ARE REVIEWED AS PART OF THE INDIVIDUALS FULL COMPENSATION PACKAGE TO MAKE SURE COMPENSATION IS REASONABLE. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 455975 PROVISION OF SERVICES 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 233114 PROVISION OF SERVICES 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF WAVENY CARE CENTER, INC. IS WAVENY LIFECARE NETWORK, INC. FORM 990, PART VI, SECTION A, LINE 7A WAVENY LIFECARE NETWORK, INC., THE SOLE MEMBER OF WAVENY CARE CENTER, INC. HAS THE RIGHT TO ELECT THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B ACCORDING TO ARTICLE II, SECTION 2 OF THE BYLAWS, THE SOLE MEMBER SHALL HAVE THE FOLLOWING RIGHTS, POWERS AND PRIVILEGES: (A) TO APPROVE THE CORPORATION'S ANNUAL OPERATING AND CAPITAL BUDGETS AND ALL FUNDRAISING PROGRAMS PROPOSED TO BE CONDUCTED BY THE CORPORATION; (B) TO APPROVE (I) SIGNIFICANT PROGRAMS AND EXPENDITURES PROPOSED TO BE UNDERTAKEN BY THE CORPORATION, AND (II) PLANS THAT WOULD MATERIALLY AFFECT THE GROWTH AND DEVELOPMENT OF THE CORPORATION, EXCEPT WHERE SUCH ACTION IS ALREADY INCORPORATED IN AN APPROVED OPERATING OR CAPITAL BUDGET OF THE CORPORATION; (C) TO APPROVE THE PURCHASE, SALE, OR OTHER DISPOSITION OF SIGNIFICANT CAPITAL OR OPERATING ASSETS AND THE INCURRING OF ANY INDEBTEDNESS FOR BORROWED MONEY; (D) TO APPROVE SIGNIFICANT AFFILIATION AGREEMENTS, INCLUDING, BUT NOT LIMITED TO, JOINT VENTURE, MANAGEMENT, MERGER AND JOINT PURCHASE AGREEMENTS, BETWEEN AND/OR AMONG THE CORPORATION AND OTHER INSTITUTIONS OR ENTITIES; (E) TO FILL VACANCIES ON THE BOARD OF DIRECTORS; (F) TO APPROVE THE ADOPTION, REPEAL OR AMENDMENT OF THE CERTIFICATE OF INCORPORATION OR BYLAWS OF THE CORPORATION; AND (G) TO ACT ON ANY OTHER MATTERS ON WHICH ACTION BY THE SOLE MEMBER IS REQUIRED OR PERMITTED BY THE CERTIFICATE OF INCORPORATION, THESE BYLAWS, OR BY LAW. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE 990 WITH THE PREPARER PRIOR TO SENDING TO THE AUDIT COMMITTEE (PART OF THE FINANCE COMMITTEE) FOR REVIEW BEFORE FILING ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, MANAGEMENT REQUIRES BOARD MEMBERS AND KEY EMPLOYEES TO SIGN OFF ON THE CONFLICT OF INTEREST POLICY. COMPLIANCE IS MONITORED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE. IF A CONFLICT OF INTEREST ARISES, THE CONFLICTED BOARD MEMBER WOULD ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMMITTEE OF THE BOARD REVIEWS REVIEWS ANNUALLY THE COMPENSATION OF THE CEO AND CFO. OTHER COMPARABLE ORGANIZATIONS 990S ARE REVIEWED AS WELL AS WAGE DATA PROVIDED BY INDUSTRY ASSOCIATIONS. ANY COMPENSATION ADJUSTMENTS ARE APPROVED BY THE BOARD CHAIR AND VICE CHAIR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO AFFILIATE 22,321. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART V, LINE 2A: WAVENY CARE CENTER, INC (WCC) PAYS ALL EMPLOYEES AND ISSUES W-2S. SALARY IS THEN ALLOCATED TO TIME WORKED TO EACH INDIVIDUAL ENTITY. WAVENY CARE CENTER HEALTH SERVICES 3 FARM ROAD NEW CANAAN CT 06840 061558523 TO PROMOTE THE HEALTH OF INDIVIDUALS AND GROUPS IN THE COMMUNITY CT 501(C)(3) LINE 10 WAVENY LIFECARE NETWORK INC 1 WAVENY AT HOME INC 3 FARM ROAD NEW CANAAN CT 06840 462756541 PROVIDES COMPANION AND HOMEMAKER SERVICES CT 501(C)(3) LINE 10 WAVENY LIFECARE NETWORK INC 1 WAVENY LIFECARE NETWORK INC 3 FARM ROAD NEW CANAAN CT 06840 061558520 TO SUPPORT, CARRY OUT THE PURPOSE, UPHOLD AND PROMOTE ACTIVITIES OF WAVENY CT 501(C)(3) LINE 12C, III-FI N/A 0 VISITING NURSE & HOSPICE OF FAIRFIELD COUNTY INC 22 DANBURY ROAD WILTON CT 06897 061062903 TO PROVIDE HEALTH SERVICES INCLUDING HOME HEALTH, HOSPICE AND COMM. HEALTH CT 501(C)(3) LINE 10 WAVENY LIFECARE NETWORK INC 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 VISITING NURSE & HOSPICE OF FAIFIELD COUNTY INC O 1140575 COST WAVENY AT HOME O 243395 COST WAVENY CARE CENTER HEALTH SERVICES O 971385 COST VISITING NURSE & HOSPICE OF FAIFIELD COUNTY INC N 3131901 COST WAVENY AT HOME N 453708 COST WAVENY CARE CENTER HEALTH SERVICES N 2987257 COST VISITING NURSE & HOSPICE OF FAIFIELD COUNTY INC R 585798 COST WAVENY CARE CENTER HEALTH SERVICES S 321559 COST WAVENY AT HOME S 1677748 COST WAVENY CARE CENTER HEALTH SERVICES B 353732 COST VISITING NURSE & HOSPICE OF FAIFIELD COUNTY INC B 233580 COST VISITING NURSE & HOSPICE OF FAIFIELD COUNTY INC E 2300000 GUARANTEE BALANCE WAVENY CARE CENTER HEALTH SERVICES E 2300000 GUARANTEE BALANCE VISITING NURSE & HOSPICE OF FAIFIELD COUNTY INC D 900000 GUARANTEE BALANCE