2025-11-13T14:28:39-06:00 2024-12-31 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2024-01-01 341481142 LAUREL LAKE RETIREMENT COMMUNITY INC LAUR 3306500681 200 LAUREL LAKE DRIVE HUDSON OH 44236 ANTHONY BERARDI CEO 3306500681 2025-11-12 1 0 CHRISTOPHER B ANDERSON P00226559 2163630100 2024 2025-03-06 01:10:19Z ANTHONY BERARDI 200 LAUREL LAKE DRIVE HUDSON OH 44236 28334680 0 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. 11 11 310 20 -61142 0 1725496 1147174 25015095 26161143 2342598 876396 833082 149967 29916271 28334680 0 0 0 0 10100224 11041111 0 0 230304 16085571 15249715 26185795 26290826 3730476 2043854 95941402 99094295 71747362 70836099 24194040 28258196 X LAUREL LAKE STRIVES TO BE THE COMMUNITY OF CHOICE FOR ADULTS WHO ASPIRE TO LIVE LIFE WITH MEANING, PURPOSE, AND LIFELONG OPPORTUNITIES FOR GROWTH SERVICES. LAUREL LAKE ACCOMPLISHES THIS PURPOSE BY DEMONSTRATING OUR CORE VALUES OF COMPASSION, RESPECT, EXCELLENCE, AND SERVICE. 0 0 17006726 0 17923199 LIFE PLAN COMMUNITY THAT PROVIDES AN ACTIVE RETIREMENT LIFESTYLE. THE COMMUNITY PROVIDES HOUSEKEEPING, ENVIRONMENTAL SERVICES, EDUCATIONAL AND ENTERTAINMENT ACTIVITIES. TOTAL OF 128,419 RESIDENT DAYS AND AN AVERAGE OF 352 RESIDENTS PER DAY. 5332424 0 6311354 PROVIDE SKILLED NURSING LONG-TERM CARE FOR RESIDENTS TO INCLUDE HOUSING, MEALS, ENVIRONMENTAL SERVICES, AND ACTIVITIES. TOTAL OF 22,519 RESIDENT DAYS AND AN AVERGAGE OF 62 RESIDENTS PER DAY. 1014326 0 2076557 PROVIDE ASSISTED LIVING LONG-TERM CARE, INCLUDING MEMORY CARE SERVICES, FOR RESIDENTS TO INCLUDE: HOUSING, MEALS, ENVIRONMENTAL SERVICES, AND ACTIVITIES. TOTAL OF 12,287 RESIDENT DAYS AND AN AVERAGE OF 34 RESIDENTS PER DAY. 23353476 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 88 0 1 310 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X PATRICK WATSON 3306500681 200 LAUREL LAKE DR HUDSON OH 44236 WILLIAM YOUNG CHAIRMAN 1.00 0.00 X X 0 0 0 PAT BLAKE TREASURER 1.00 0.00 X X 0 0 0 STEPHANIE FALLCREEK SECRETARY 1.00 0.00 X X 0 0 0 HARRY ALBRECHT TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL BIRD TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY DUNLAP TRUSTEE 1.00 0.00 X 0 0 0 DALE LEPPO RESIDENT TRUSTEE 1.00 0.00 X 0 0 0 LIZ MURPHY TRUSTEE 1.00 0.00 X 0 0 0 GREGORY NAPLES TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH SELDEN TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM WOOLDREDGE RESIDENT TRUSTEE 1.00 0.00 X 0 0 0 DAVID OSTER CEO 40.00 0.50 X 378123 0 15578 MADELINE FREEMAN CFO 40.00 0.50 X 166569 0 54 LISA MITCHELL DIRECTOR-HR&ASSISTED LIVING 40.00 0.00 X 120916 0 14823 DENISE DISCIPIO DIRECTOR-CLINICAL SERVICES 40.00 0.00 X 114787 0 17961 ANDREW LOVANO DIRECTOR-CROWN CENTER 40.00 0.00 X 112275 0 29497 DONNA ANDERSON DIRECTOR-MARKETING 40.00 0.00 X 103074 0 13053 995744 0 90966 6 0 1 0 TED KNIGHT & SONS CONSTRUCTION 620 TEREX ROAD HUDSON OH 44236 CONSTRUCTION 899992 AMERICAN MEDICAL PERSONNEL 1440 E TURKEYFOOT LAKE RD AKRON OH 44312 STAFFING SERVICES-NURSING 622651 INTELYCARE INC PO BOX 787317 PHILADELPHIA PA 19178 STAFFING SERVICES-NURSING 540985 SHIFTMED LLC PO BOX 124004 DALLAS TX 75312 STAFFING SERVICES-NURSING 280937 TIM'S PRESSURE CLEANING AND PAINTING 9147 ROOT DR STREETSBORO OH 44241 PAINTING SERVICES 202668 6 250042 897132 1147174 RESIDENT SERVICES 623000 25214330 25214330 ANCILLARY SVCS.REV. 623000 946813 946813 26161143 785978 -61142 847120 90418 0 90418 90418 90418 OTHER NON-OP.INCOME 900099 149967 149967 149967 28334680 26311110 -61142 937538 X 560324 486275 66711 7338 8044464 6980857 957545 106062 117218 101980 14066 1172 1707796 1485782 204936 17078 611309 531839 73357 6113 35807 35807 48062 48062 65456 65456 2735622 2734967 655 64301 55942 7716 643 41309 40985 301 23 310861 270449 37303 3109 3647906 3173678 448014 26214 1153337 1003404 138400 11533 4010988 3489559 481319 40110 516356 449229 61963 5164 DIETARY COSTS 1408048 1408048 FRANCHISE FEE 425576 425576 MEDICAL SUPPLIES 267546 267546 BANK FEES 48661 48661 469879 447360 17429 5090 26290826 23353476 2707046 230304 3413281 4021584 678257 610398 18708 17808 159983 171448 103364469 39683573 63489732 63680896 25339472 27941533 539308 539308 1500000 1500000 802661 611320 95941402 99094295 2100468 2565544 37002246 38170901 6533875 6217819 21165417 18129166 4945356 5752669 71747362 70836099 X 24194040 28258196 24194040 28258196 95941402 99094295 2043854 2020302 0 X 0 1 X 1 0 X 757542 2567309 620919 1725496 1147174 6818440 24724987 22837815 23880785 25015095 26161143 122619825 25482529 25405124 24501704 26740591 27308317 129438265 0 0 0 129438265 492957 581074 644172 728026 785978 3232207 52461 41412 93873 545418 622486 644172 728026 785978 3326080 833082 149967 983049 26027947 26027610 25145876 28301699 28244262 133747394 0.96780 0.97180 0.02490 0.02180 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER NON-OP REV - 2023 AMOUNT: $ 833,082. 2024 AMOUNT: $ 149,967. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 45.00 1 0 0.00 0 3762828 3762828 85123764 30119739 55004025 10324830 7677959 2646871 4153047 1885875 2267172 63680896 ACCRUED REAL ESTATE TAXES 1158823 REFUNDABLE ENTRANCE FEES 2355376 SECURITY DEPOSITS 2238470 5752669 30289526 2020302 2020302 28269224 65456 65456 28334680 26225370 0 26225370 65456 65456 26290826 PART II, LINE 9: FINANCIAL STATEMENT REPORTING OF EASEMENTS - 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 0 0 0 0 0 0 0 0 0 DAVID OSTER CEO 348123 0 30000 0 0 0 0 0 15578 0 393701 0 0 0 MADELINE FREEMAN CFO 158859 0 7710 0 0 0 0 0 54 0 166623 0 0 0 A COUNTY OF SUMMIT OHIO 346002767 86605HBA7 2013-12-30 14280000 TO FINANCE THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF LLRC 0 0 0 A 7765000 14280000 461813 308388 285600 13224199 2013 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: COUNTY OF SUMMIT OHIO DATE THE REBATE COMPUTATION WAS PERFORMED: 11/13/2018 FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 - FORM 990 IS PREPARED BY LAUREL LAKE'S INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE CHIEF FINANCIAL OFFICER. FORM 990 IS APPROVED BY THE BOARD'S FINANCE 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 MONITORING AND ENFORCEMENT OF CONFLICT POLICY - 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'S 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 15 COMPENSATION REVIEW AND APPROVAL - FOR THE ORGANIZATION'S CEO, LAUREL LAKE UTILIZES A WRITTEN EMPLOYMENT CONTRACT, A COMPENSATION SURVEY OR STUDY, COMPENSATION DATA FROM SIMILAR ORGANIZATIONS, AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE INDEPENDENT OF THE CEO. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. ADDITIONALLY, AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G CONTRACT AND PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 2,734,967. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 655. TOTAL EXPENSES 2,735,622. LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION 200 LAUREL LAKE DRIVE HUDSON OH 44236 341779303 CHARITABLE GIVING OH 501(C)(3) LINE 12A, I LAUREL LAKE RETIREMENT COMMUNITY INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION C 250042 FMV