2021-07-22T08:24:42-05:00 2020-12-31 010494526 Baker Newman & Noyes LLC Box 507 Portland ME 04112 990 2020-01-01 010496258 Maine Life Care Retirement Community Inc MAIN 2078838700 15 Piper Road Scarborough ME 04074 Malcolm Rogers MD Chair 2078838700 2021-07-01 1 Malcolm Rogers MD 999009999 Nicholas E Porto P01310283 2078792100 2021-07-01 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Piper Shores Malcolm Rogers MD 15 Piper Road Scarborough ME 04074 34147721 0 X www.pipershores.org X 1995 ME Continuing care retirement community 15 15 317 25 0 0 16180 2220957 19876960 19486123 2795751 3181009 0 0 22688891 24888089 65184 66096 0 0 9986620 11273335 0 0 0 11689239 11335073 21741043 22674504 947848 2213585 114920475 114638301 130700791 128456234 -15780316 -13817933 X Maine Life Care Retirement Community (dba Piper Shores) offers a vibrant retirement living lifestyle that enriches residents by providing a continuum of the highest quality of care and service. Piper Shores will help all residents realize their optimum potential by cultivating a rich diversity of life experience that connects to innovative programs and services. 0 0 15658410 66096 19486123 Maine Life Care provides residents with a safe and secure home community, providing for independent living needs and continued health care services for the remainder of their lives. It consists of 160 independent living units, 40 independent living cottages, 50 assisted living units, 40 skilled nursing beds, and common areas. 15658410 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 1 317 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Richard Ashley 2078838700 15 Piper Road Scarborough ME 04074 Richard Blake Director 2.00 X 0 0 0 Amy Booth Director 2.00 X 0 0 0 Frank Chessa Director 2.00 X 0 0 0 Robert Danielson Director 2.00 X 0 0 0 Susan Guerette Director 2.00 X 0 0 0 Marilyn Gugliucci Director 2.00 X 0 0 0 Quincy Hentzel Director 2.00 X 0 0 0 Raymond Kelley Director 2.00 X 0 0 0 Gerard Kiladjian Director 2.00 X 0 0 0 Jonathan Roderick Director 2.00 X 0 0 0 Isabella Stumpf MD Director 2.00 X 0 0 0 Malcolm Rogers MD Chair 4.00 X X 0 0 0 Dan Thornton Vice Chair 4.00 X X 0 0 0 James Bennett Treasurer (end Oct 2020) 4.00 X X 0 0 0 Karen Hart Treasurer 4.00 X X 0 0 0 Nancy Magee Secretary 4.00 X X 0 0 0 James Adamowicz CEO 40.00 X 364545 0 29001 Leann Fiet COO 40.00 X 209093 0 20126 Richard Ashley Finance Director 40.00 X 204497 0 10081 Andrea Killiard Marketing Director 40.00 X 196969 0 16756 Michelle McGarrity Food and Beverage Director 40.00 X 145150 0 22765 Brian Kenney Facilities Director 40.00 X 141585 0 22075 1261839 0 120804 10 0 1 0 Optimum Construction 91 Auburn Street Portland ME 04103 Construction Services 707436 RLPS Architects 250 Valleybrook Drive Lancaster PA 17601 Architectural Services 473129 Rehab Care Inc PO Box 503534 St Louis MO 63150 Physical Therapy 455009 AAA Energy Services PO Box 908 Scarborough ME 04070 HVAC Services 366363 Systems Engineering 120 Exchange Street Portland ME 04101 IT Services 289743 16 2085556 135401 2220957 Resident services 541300 19451077 19451077 Miscellaneous Revenue 541300 35046 35046 19486123 596138 596138 11844503 9259632 2584871 2584871 2584871 24888089 19486123 0 3181009 66096 66096 393546 393546 8669729 6607659 2062070 185918 120664 65254 1360681 986175 374506 663461 508828 154633 71227 71227 42775 42775 397023 163528 233495 386022 386022 545986 78245 467741 2999251 1919521 1079730 29008 902 28106 22139 11526 10613 691409 442502 248907 3752998 2401919 1351079 128860 82470 46390 Dining services 1110193 1110193 Health services 992991 992991 Provider Tax 83653 83653 Housekeeping & laundry 81538 81538 22674504 15658410 7016094 0 1756539 1707528 13142739 13146889 401235 301556 144040 281514 34261 35553 125621 117656 111973367 42794953 69200934 69178414 29727331 29450310 387775 418881 114920475 114638301 1778817 1780225 88782244 88872269 26553700 24355263 5000000 5000000 8586030 8448477 130700791 128456234 X -16823181 -15106742 1042865 1288809 -15780316 -13817933 114920475 114638301 2213585 -251202 0 X X 0 1 X 1 0 X 10272 23974 993 16180 2220957 2272376 14734967 15175736 17646790 19876960 19486123 86920576 14745239 15199710 17647783 19893140 21707080 89192952 1768632 1768632 0 1768632 1768632 87424320 547642 716383 675277 704951 596138 3240391 547642 716383 675277 704951 596138 3240391 15292881 15916093 18323060 20598091 22303218 92433343 0.94580 0.96220 0.03510 0.03780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1053178 135401 110543 1299122 908202 16180 128796 1053178 945350 993 -38141 908202 887602 23974 33774 945350 874616 10272 2714 887602 0.00000 0.00000 1.00000 0 0 8033523 8033523 93623675 37090963 56532712 7983179 5703990 2279189 2332990 2332990 69178414 Resident Deposits 8448477 8448477 X 24836746 -251202 199859 -51343 24888089 0 24888089 22874363 199859 199859 22674504 0 22674504 Part V, Line 4: The endowment fund will be used to help the community with the loss of revenue from residents whose financial resources have eroded and to help stabilize resident monthly fees. Gifts to the endowment fund may also support projects and programs that might otherwise not be affordable. Part X, Line 2: The Community is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code. Tax-exempt communities could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. The Community has evaluated the positions taken on its filed tax returns. Part XI, Line 2d - Other Adjustments: Property Tax Rebate netted with Expenses 199,859. Part XII, Line 2d - Other Adjustments: Property Tax Rebate netted with Expenses 199,859. 1 Financial Hardship Assistance 2 66096 Residency Fees Billed Reduction/Write Off of Monthly Residency Fees Part I, Line 2: Grants are provided in the form of a reduction or write off of residency fees for residents of Maine Life Care Retirement Community who are experiencing proven financial hardship. X X X X 0 0 0 0 0 0 0 1 0 James Adamowicz CEO 320529 0 44016 0 0 0 12509 0 16492 0 393546 0 0 0 Leann Fiet COO 182597 0 26496 0 0 0 7304 0 12822 0 229219 0 0 0 Richard Ashley Finance Director 178850 0 25647 0 0 0 8180 0 1901 0 214578 0 0 0 Andrea Killiard Marketing Director 174638 0 22331 0 0 0 7879 0 8877 0 213725 0 0 0 Michelle McGarrity Food and Beverage Director 127013 0 18137 0 0 0 5806 0 16959 0 167915 0 0 0 Brian Kenney Facilities Director 122704 0 18881 0 0 0 5663 0 16412 0 163660 0 0 0 Part I, Line 7 The Organization has a modest bonus program for the CEO and other senior management. One of the components of the program is actual financial performance compared to budgeted financial expectations. A Maine Health and Higher Education Facilities Authority Series 2015 010314384 2015-06-17 35000000 Construction of assisted living units; current refunding 2004 & 2012 bonds 0 0 0 A 35000000 196911 10000000 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 1 A 1 Form 990, Part VI, Section B, line 11b The finance committee reviews and accepts the Form 990 and the board affairs committee reviews the governance section. Copies are distributed to the entire Board before filing. Form 990, Part VI, Section B, line 12c Officers & Directors complete a questionnaire and the CEO reviews the disclosures. The information is submitted to the Bureau of Insurance annually. Form 990, Part VI, Section B, line 15 The Board of Directors sets compensation for the CEO. The CEO sets compensation for top management based on industry data. Form 990, Part VI, Section C, line 19 Form 990 and other documents are provided upon request. Form 990 may also be viewed at www.guidestar.org. Form 990, Part XII, line 2c: The finance committee is responsible for overseeing the audit of the financial statements and selecting an independent auditor. The audit process has not changed from the prior year.