2020-11-16T08:20:37-06:00 2019-12-31 HW&CO 23240 Chagrin Blvd Suite 700 Cleveland OH 441225450 990 2019-01-01 341481142 Laurel Lake Retirement Community % DAVID A OSTER LAUR 3306500681 200 Laurel Lake Drive Hudson OH 44236 DAVID A OSTER EXECUTIVE DIRECTOR 3306551423 2020-11-15 true Tracy L Bender CPA P01048121 2168311200 2020-11-12 12.203.198.2 34122420203215000002 2020-11-16 P 0B9CEC56E7D7AED94D6C12A1AC71A259EF49A470 0B9CEC56E7D7AED94D6C12A1AC71A259EF49A470 2019 2021-01-29 14:40:06Z DAVID A OSTER 200 Laurel Lake Drive Hudson OH 44236 32803959 false X WWW.LAURELLAKE.ORG X 1989 OH A RETIREMENT COMMUNITY OF CHOICE FOR ADULTS WHO ASPIRE TO LEAD LIVES FILLED WITH MEANING, PURPOSE, AND LIFELONG OPPORTUNITIES FOR GROWTH AND SERVICE. 12 12 457 245 27195 29165 462648 349654 25103701 24091721 778798 438588 0 0 26345147 24879963 0 0 0 0 9920817 10189138 0 0 0 13576689 13678729 23497506 23867867 2847641 1012096 85678018 89610260 71096651 73494840 14581367 16115420 LAUREL LAKE STRIVES TO BE THE COMMUNITY OF CHOICE FOR ADULTS WHO ASPIRE TO LEAD LIVES FILLED WITH MEANING, PURPOSE, AND LIFELONG OPPORTUNITES FOR GROWTH SERVICES. LAUREL LAKE ACCOMPLISHES THIS PURPOSE BY DEMONSTRATING OUR CORE VALUES OF COMPASSION, RESPECT, EXCELLENCE, AND SERVICE. false false 8726413 12831522 LIFE PLAN COMMUNITY THAT PROVIDES AN ACTIVE RETIREMENT LIFESTYLE. THE COMMUNITY PROVIDES HOUSEKEEPING,ENVIRONMENTAL SERVICES, EDUCATIONAL AND ENTERTAINMENT ACTIVITIES. 9430947 7724635 PROVIDE SKILLED NURSING LONG-TERM CARE FOR RESIDENTS TO INCLUDE HOUSING, MEALS, ENVIRONMENTAL SERVICES, AND ACTIVITIES. 3556110 3508369 PROVIDE ASSISTED LIVING LONG-TERM CARE FOR RESIDENTS TO INCLUDE HOUSING, MEALS, ENVIROMENTIAL SERVICES, AND ACTIVITIES. 21713470 true true false false false false true false false false true false false false true false false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true true true false false true 43 0 true 457 true true true false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false OH X X DAVID A OSTER 3306500681 200 LAUREL LAKE DRIVE HUDSON OH 44236 DAVID OSTER PRESIDENT & CEO 40.0 0.5 X 300034 0 28734 LORETTA STEVENS CHIEF FINANCIAL OFFICER 40.0 0.0 X 134281 0 5800 JANA STROCK NURSING HOME ADMINISTRATOR 40.0 0.0 X 101630 0 4065 STEPHANIE FALLCREEK SECRETARY 4.0 0.0 X X 0 0 0 MICHAEL DENK TRUSTEE 0.5 0.0 X 0 0 0 LIZ MURPHY VICE CHAIR 2.0 0.5 X X 0 0 0 KATHLEEN HOOVER TREASURER 4.0 0.0 X X 0 0 0 WILLIAM YOUNG TRUSTEE 0.5 0.0 X 0 0 0 DAVID WILLIAMS RESIDENT TRUSTEE 0.5 0.0 X 0 0 0 JOHN MULLIGAN CHAIR 8.0 0.0 X X 0 0 0 CLINTON SIMMONS TRUSTEE 0.5 0.0 X 0 0 0 JOHN JANOCH TRUSTEE 2.0 0.0 X 0 0 0 JANE WAGER RESIDENT TRUSTEE 0.5 0.0 X 0 0 0 LYNN MILD RESIDENT TRUSTEE 0.5 0.0 X 0 0 0 Peter Goheen Resident Trustee 0.5 0.0 X 0 0 0 535945 0 38599 3 false true false SELECT REHABILITATION PO BOX 71985 CHICAGO IL 606941985 THERAPY SERVICES 881487 TED KNIGHT AND SONS CONSTRUCTION 620 TEREX RD HUDSON OH 44236 CONSTRUCTION 371699 AMERICAN MEDICAL PERSONNEL 1428 EDISON STREET NW HARTVILLE OH 44632 NURSING STAFF 469783 SENIOR PHARMACY SERVICES LTD 34099 MELINZ PARKWAY EASTLAKE OH 44095 PHARMACY PROVIDER 285127 INTELYCARE INC 1515 Hancock Street Suite 203 QUINCY MA 02169 STAFFING PROVIDER 255160 8 327116 22538 349654 ANCILLARY SERVICES REVENUE 900099 1959951 1959951 RESIDENT SERVICES 623000 20565214 20565214 INCOME FROM ACTIVITIES 900099 1566556 1539361 27195 24091721 271166 271166 0 0 0 0 0 8091418 7923996 167422 167422 167422 0 0 0 0 0 0 0 0 0 0 24879963 24064526 27195 438588 0 0 0 0 300034 272131 27903 0 0 7755832 7034539 721293 85390 77449 7941 1387743 1258683 129060 660139 598746 61393 0 20822 18886 1936 0 0 0 0 1927851 1748560 179291 175791 159442 16349 415265 376646 38619 288037 261250 26787 0 3261640 2958308 303332 64013 58060 5953 0 37716 34209 3507 1478393 1340902 137491 0 3688569 3345532 343037 368357 334099 34258 DIETARY COSTS 1249967 1133720 116247 FRANCHISE FEE 354961 354961 MEDICAL SUPPLIES 302259 302259 BAD DEBT EXPENSE 45088 45088 23867867 21713470 2154397 0 3505799 2569782 0 0 0 0 1381163 1087784 0 0 0 0 0 0 0 0 700403 569751 84943535 19817465 66469222 65126070 11689112 18043878 94308 364808 0 0 1500000 1500000 338011 348187 85678018 89610260 2002019 3152914 0 0 29665661 31993124 8385000 8105000 0 0 0 0 25921667 25049167 0 0 5122304 5194635 71096651 73494840 X 14581367 16115420 0 0 14581367 16115420 85678018 89610260 1012096 521957 X false true X true false X 596508 265349 1890616 462648 349654 3564775 23970453 24269566 24430524 25103701 24064526 121838770 0 0 0 24566961 24534915 26321140 25566349 24414180 125403545 0 0 0 125403545 1382 124595 237227 265242 271166 899612 27195 27195 1382 124595 237227 265242 298361 926807 0 0 24568343 24659510 26558367 25831591 24712541 126330352 0.99266 0.99498 0.00734 0.00502 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 45.00 1 false false 3762828 3762828 71525940 15284177 56241763 7885034 3774300 4110734 1769733 758988 1010745 65126070 0 ACCRUED REAL ESTATE TAX 1108420 REFUNDABLE ENTRANCE FEES 1892710 SECURITY DEPOSITS 2193505 5194635 SCHEDULE D, PART II, LINE 9 CONSERVATION EASEMENTS FINANCIAL REPORTING: LAUREL LAKE DOES NOT REPORT ANY AMOUNTS IN THE FINANCIAL STATEMENTS SINCE THE EASEMENT IS ONLY A COMMITMENT NOT TO BUILD ON WETLAND AREAS. X X X X false false false false false false false false false DAVID OSTER PRESIDENT & CEO 291544 0 8490 0 0 0 11657 0 17077 0 328768 0 0 0 A COUNTY OF SUMMIT OHIO 346002767 86605HBA7 2013-12-30 14280000 TO FINANCE PROJECTS OF LLRC false false false A 6175000 0 14280000 461813 308388 0 285600 0 13224199 0 0 0 2013 false false true true A false false false false 0 false false false true A false true false false true false 0 false 0 false true A true Schedule K, Part I, Column F, Description of Purpose Issuer name: County of Summit, Ohio. To finance the acquisition, construction, improvement and equipping of LLRC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY LAUREL LAKE'S INDEPENDENT AUDITORS AND REVIEWED BY THE CHIEF FINANCIAL OFFICER. THE 990 IS APPROVED BY THE BOARD'S AUDIT AND COMPLIANCE COMMITTEE AND ACCEPTED BY THE BOARD OF DIRECTORS. THE RETURN IS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE COVERED BY THE LAUREL LAKE RETIREMENT COMMUNITY CONFLICT OF INTEREST POLICY WHICH REQUIRES DISCLOSURE ON AN ANNUAL BASIS. ALL POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY LAUREL LAKE RETIREMENT COMMUNITY CORPORATE COMPLIANCE OFFICER. AT THE BEGINNING OF EACH BOARD MEETING, ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. BOARD MEMBERS DETERMINED TO HAVE A CONFLICT OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISION-MAKING FOR THE TRANSACTION IN WHICH THE CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, DAVID OSTER, IS DETERMINED BY LAUREL LAKE RETIREMENT COMMUNITY. LAUREL LAKE UTILIZES A WRITTEN EMPLOYMENT CONTRACT, A COMPENSATION SURVEY OR STUDY, DATA FROM SIMILAR ORGANIZATIONS, AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WHEN DETERMINING MR. OSTER'S COMPENSATION. THIS ANALYSIS WAS PERFORMED IN 2018 AT THE EFFECTIVE DATE OF THE CURRENT THREE-YEAR CONTRACT. FORM 990, PART VI, SECTION B, LINE 15B A COMPENSATION ANALYSIS WAS PERFORMED FOR THE CHIEF FINANCIAL OFFICER IN JANUARY 2018. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE MAILED TO REQUESTORS. AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. LAUREL LAKE RETIREMENT COMMUNITY FNDN 200 LAUREL LAKE DRIVE HUDSON OH 44236 341779303 RECEIVE CHARI OH 501(c)(3) 12-TYPE I laurel lake true false false true false false false false false false false false false false false false false false false false LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION C 327116 FMV