2016-11-14T14:10:50-06:00 2015-12-31 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FL BALTIMORE MD 212023100 990 2015-01-01 043152499 SPRINGHOUSE INC C/O ROGERSON COMMUNITIES % CHITRA SHARMA SPRI 6174695800 ONE FLORENCE STREET BOSTON MA 02131 CHITRA SHARMA bookkeeper 6173632300 2016-11-14 true PHILIP H CORNBLATT CPA P00252478 4107834900 2015 2017-02-10 21:41:12Z Chitra Sharma ONE FLORENCE STREET BOSTON MA 02131 10393635 false X WWW.SPRINGHOUSEINFO.ORG X 1992 MA TO OPERATE A RETIREMENT COMMUNITY CONSISTING OF 52 INDEPENDENT LIVING UNITS, 61 ASSISTED LIVING UNITS, AND 22 DEMENTIA ASSISTED LIVING UNITS. 7 7 0 16 0 0 0 3864798 7507837 179871 307642 0 0 4044669 7815479 0 0 0 0 195166 2768943 0 0 0 2983806 3641751 3178972 6410694 865697 1404785 26219598 27023048 26089829 26038814 129769 984234 TO OPERATE A RETIREMENT COMMUNITY CONSISTING OF 52 INDEPENDENT LIVING UNITS, 61 ASSISTED LIVING, UNITS AND 22 DEMENTIA ASSISTED LIVING UNITS. false false 3241395 7507837 PROVIDING SERVICES TO RESIDENTS INCLUDING ASSISTED LIVING, INDEPENDENT LIVING, CLINICAL SERVICES, MEALS, SOCIAL & CULTURAL ACTIVITIES, HOUSEKEEPING, AND OTHER SERVICES, ALL OF WHICH FURTHER THEIR EXEMPT PURPOSE. 3241395 true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 29 0 true 0 true false false false false false false false false false false X 7 7 false true false false true true true true true false false true true true true true true false true false MA X X CHITRA SHARMA 6173632300 ONE FLORENCE STREET BOSTON MA 02131 X X GEORGIA BUCK PRESIDENT 0.3 0.0 X X 0 0 0 MURIEL GILLICK TRUSTEE 0.3 0.0 X 0 0 0 MINDY SPITZ TRUSTEE TREASURER 0.3 0.0 X X 0 0 0 SUSAN CORREA SILVA VICE PRESIDENT 0.3 0.0 X X 0 0 0 JULIE TABERMAN TRUSTEE 0.3 0.0 X 0 0 0 HECTOR MASMELA TRUSTEE 0.3 0.0 X 0 0 0 PATRICIA BLANCH TRUSTEE 0.3 0.0 X 0 0 0 0 0 0 0 false false false rogerson communities inc one florence street ROSLINDATE MA 02131 management 339050 1 X 0 RENTAL INCOME 623990 6922098 6922098 RESIDENT SERVICES 623990 331932 331932 COMMUNITY FEES 623990 55313 55313 AMORTIZATION OF NON-REFUNDABLE ENTRANCE FEES 623990 198494 198494 7507837 291443 291443 0 0 0 0 0 2594355 2578156 16199 16199 16199 0 0 0 0 7815479 7507837 307642 X 0 0 0 0 0 0 2588198 2086453 501745 0 0 180745 153753 26992 407427 407427 0 21192 21192 0 0 0 68087 68087 51157 51157 26134 26134 0 0 0 3301 3301 0 0 494578 494578 0 0 656233 656233 240477 240477 ASSISTED LIVING 42070 42070 FOOD SERVICE 395296 395296 ADMINISTRATIVE EXPENSE 84179 84179 REPAIR AND MAINTENANCE 344234 344234 807386 219589 587797 6410694 3241395 3169299 0 X 2051097 3200187 0 0 0 0 148971 89569 0 0 0 0 0 0 0 0 42633 31691 21790807 10795655 11397215 10995152 11051918 10374164 0 0 0 0 154295 123436 1373469 2208849 26219598 27023048 58839 16333 0 0 608686 641317 0 0 0 0 0 0 13565000 13025000 0 0 11857304 12356164 26089829 26038814 X 129769 984234 0 0 0 0 129769 984234 26219598 27023048 X 1404785 -458129 -92191 X false true X true false X 2575 0 219390 0 0 221965 6308052 6988789 7559710 3864798 7507837 32229186 0 0 0 6310627 6988789 7779100 3864798 7507837 32451151 0 463006 463006 463006 463006 31988145 186872 172002 230561 139896 291443 1020774 0 186872 172002 230561 139896 291443 1020774 0 0 6497499 7160791 8009661 4004694 7799280 33471925 0.95567 0.94835 0.03050 0.02696 X 1636240 1636240 17559938 8600420 8959518 128118 128118 858417 606809 251608 1608094 1460308 147786 10995152 RESIDENT DEPOSITS 2206378 DUE FROM AFFILIATES 2471 2208849 0 ACCRUED EXPENSES 185952 ACCRUED INTEREST PAYABLE 22903 REFUND. RESIDENT ENTRANCE FEES 12021846 RESIDENT DEPOSITS 32593 INTEREST RATE SWAPS 92870 12356164 X 7265159 -458129 -92191 -550320 7815479 7815479 6410694 6410694 6410694 FIN 48 The Organization has been recognized by the Internal Revenue Service ("IRS") as nonprofit organization as described in Section 501(c)(3) of the Internal Revenue Code ("IRC"). As such, the Organization is exempt from Federal income taxes pursuant to Section 501(a) of the IRC and no provision for income taxes has been included in the accompanying financial statements and no other tax positions must be considered for disclosure. The Organization is required to file and do file tax returns with the IRS and other taxing authorities. Income tax returns filed by the Organization are subject to examination by the IRS for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2012 remain open. part XI Loss on interest rate swap: $92,191 FORM 990, PART VI, SECTION A, LINE 3 DAY TO DAY OPERATIONS ARE MANAGED BY AN INDEPENDENT MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATIONS SOLE MEMBER IS THE MOUNT PLEASANT HOME, A MASSACHUSETTS NONPROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE MOUNT PLEASANT HOME MAY APPOINT OR TERMINATE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS SUBMITTED TO THE TREASURER FOR REVIEW BEFORE ISSUANCE. The 990 is also provided to all Board Members prior to filing. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD IS REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15B THE MANAGEMENT COMPANY ADVISES THE BOARD OF DIRECTORS CONCERNING PROPOSED COMPENSATION AND COMPARABILITY DATA WITH OTHER SIMILAR TOP MANAGEMENT POSITIONS IN THE MANAGEMENT COMPANYS PORTFOLIO. THE BOARD DOCUMENTS THE DECISION CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERALS WEBSITE. ALL INFORMATION IS AVAILABLE UPON REQUEST AT THE ORGANIZATION. FORM 990, PART XI, LINE 9 LOSS ON INTEREST RATE SWAP: $ 92,191 ------------ Other Changes in Net Assets: $ 92,191 form 990, part vi, section a, line 7b The Member shall have all the authority of members provided under Massachusetts General Laws, Chapter 180, including the following reserved powers: i. approval of any merger, consolidation, restructuring, dissolution or liquidation of the Corporation, or sale or other disposition of all or substantially all of its assets; ii. approval of any amendment to the Articles of Organization or By-Laws of the corporation iii. approval of any change in the philosophy, mission and values of the Corporation, including, without limitation, approval of any strategic plan or initiative proposed by its governing Board; iv. approval of any auditor and annual audited financial statements of the Corporation; v. approval of any change in accounting period of the Corporation; vi. approval of any borrowing or significant changes in credit facilities in excess of ten percent (10%) of program services revenue for the most recently completed fiscal year; vii. approval of the creation of a controlling interest in any subsidiary or joint venture by or for the benefit of the Corporation; and viii. approval of transactions that involve a conflict of interest. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TAXES TOTAL EXPENSES:173582 MANAGEMENT AND GENERAL:173582 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ACTIVITIES TOTAL EXPENSES:35025 PROGRAM SERVICES:35025 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TRANSPORATION TOTAL EXPENSES:15883 PROGRAM SERVICES:15883 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:UTILITIES TOTAL EXPENSES:359191 MANAGEMENT AND GENERAL:359191 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:HOUSEKEEPING AND LAUNDRY TOTAL EXPENSES:168681 PROGRAM SERVICES:168681 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DUES AND SUBSCRIPTIONS TOTAL EXPENSES:22492 MANAGEMENT AND GENERAL:22492 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TELEPHONE EXPENSES TOTAL EXPENSES:31317 MANAGEMENT AND GENERAL:31317 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:1215 MANAGEMENT AND GENERAL:1215 Pleasant Spring Communities ONE FLORENCE STREET BOSTON MA 02131 043279977 FUNDRAISE MA 501(C)(3) 11 TYPE II false MOUNT PLEASANT HOME 301 SOUTH HUNTINGTON AVE JAMAICA PLAIN MA 02130 042103822 ELDERly CARE MA 501(C)(3) 9 false false false false false false false false false false false false false false false false false false false false