2015-05-15T10:39:38-05:00 2014-06-30 COHNREZNICK LLP 500 EAST PRATT STREET SUITE 200 BALTIMORE MD 212023100 990 2013-07-01 043152499 SPRINGHOUSE INC C/O ROGERSON COMMUNITIES % CHITRA SHARMA SPRI 6174695800 ONE FLORENCE STREET Suite BOSTON MA 02131 CHITRA SHARMA MEMBER 4107834900 2015-05-15 true DAMIEN NICKLE CPA P00802786 4107834900 2013 2016-02-25 16:41:14Z Chitra Sharma ONE FLORENCE STREET BOSTON MA 02131 13029573 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 219390 6988789 7559710 189269 743139 0 0 7178058 8522239 0 0 0 0 320183 381572 0 0 0 6012624 5980964 6332807 6362536 845251 2159703 24035357 25545453 25572566 26309999 -1537209 -764546 TO OPERATE A RETIREMENT COMMUNITY CONSISTING OF 52 INDEPENDENT LIVING UNITS, 61 ASSISTED LIVING, UNITS AND 22 DEMENTIA ASSISTED LIVING UNITS. false false 4805360 7559710 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. 4805360 true true 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 GEORGIA BUCK TRUSTEE DIRECTOR 0.3 X X JOCELYN GORDON TRUSTEE DIRECTOR 0.3 X X MURIEL GILLICK TRUSTEE 0.3 X MINDY SPITZ TRUSTEE TREASURER 0.3 X X SUSAN CORREA SILVA TRUSTEE 0.3 X X JULIE TABERMAN TRUSTEE DIRECTOR 0.3 X HECTOR MASMELA TRUSTEE 0.3 X 0 false false false ROGERSON COMMUNITIES ONE FLORENCE STREET BOSTON MA 02130 MANAGEMENT FEES 335845 HEALTHCARE SERVICE GROUP INC 3220 TILLMAN DRIVE STE 300 BENSALEM PA 19021 JANITORIAL SERVICES 158880 NATIONAL FINANCIAL SERVICES NFS 200 Seaport Boulevard BOSTON MA 02210 FINANCIAL SERVIcES 186540 SYSCO BOSTON LLC 99 Spring Street PLYMPTON MA 02367 FOOD/BEVERAGES SERV. 121064 4 219390 219390 RENTAL INCOME 623990 6928781 6928781 RESIDENT SERVICES 623990 330823 330823 COMMUNITY FEES 623990 97273 97273 AMORTIZATION OF NON-REFUNDABLE ENTRANCE FEES 623990 202833 202833 7559710 230561 230561 0 0 0 0 0 5019912 4507334 512578 512578 512578 0 0 0 0 8522239 7559710 743139 0 0 0 0 0 0 381572 381572 0 0 0 374765 374765 5136 5136 17500 17500 0 0 0 16408 16408 196603 196603 27765 27765 0 0 0 1353 1353 0 0 525767 525767 0 626652 626652 242375 242375 ASSISTED LIVING 1314416 1314416 0 FOOD SERVICE 1066379 1066379 ADMINISTRATIVE EXPENSE 81423 81423 REPAIR AND MAINTENANCE 496089 496089 988333 776057 212276 6362536 4805360 1557176 0 1665033 2672838 0 0 0 0 65361 113578 0 0 0 0 0 0 0 0 59854 52544 21454852 9861636 11900687 11593216 8715570 9571167 0 0 0 0 200585 169725 1428267 1372385 24035357 25545453 304121 38476 0 0 533234 647401 0 0 0 0 0 0 14375000 13835000 0 0 10360211 11789122 25572566 26309999 X -1537209 -764546 0 0 0 0 -1537209 -764546 24035357 25545453 X 2159703 199380 -1586420 X false true X true false X 0 0 2575 0 219390 221965 6399395 6341095 6308052 6988789 7559710 33597041 0 0 0 6399395 6341095 6310627 6988789 7779100 33819006 0 179270 330789 463006 973065 179270 330789 463006 973065 32845941 172544 137365 186872 172002 230561 899344 0 172544 137365 186872 172002 230561 899344 0 0 6571939 6478460 6497499 7160791 8009661 34718350 0.94607 0.94024 0.02590 0.02688 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1636240 1636240 0 17295319 7821373 9473946 0 128118 128118 0 817043 549232 267811 0 1578132 1362913 215219 11593216 INTEREST RATE SWAPS 55204 RESIDENT DEPOSITS 1259817 DUE FROM AFFILIATES 57364 1372385 0 ACCRUED EXPENSES 137652 ACCRUED INTEREST PAYABLE 22903 REFUND. RESIDENT ENTRANCE FEES 11594984 RESIDENT DEPOSITS 32593 DUE TO FORMER MANAGER 990 11789122 X PART X LINE 2 The Organization has been recognized by the Internal Revenue Service as nonprofit organization as described in Section 501(c)(3) of the Internal Revenue Code, As such, the Organization is exempt from Federal income taxes pursuant to Section 501(a) of the Internal Revenue Code 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 Internal Revenue Service and other taxing authorities. Income tax returns filed by the Organization are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2011 remain open. 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 PLEASANT SPRING COMMUNITIES, A MASSACHUSETTS NONPROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE PLEASANT SPRING COMMUNITIES 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 TREASURER MAKES A COPY AVAILABLE TO ALL BOARD MEMBERS. 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: $ (142,307) CHANGE IN ACCOUNTING PRINCIPLE: $(1,444,113) ------------ Other Changes in Net Assets: $(1,586,420) 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:168871 MANAGEMENT AND GENERAL:168871 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ACTIVITIES TOTAL EXPENSES:198781 PROGRAM SERVICES:198781 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TRANSPORATION TOTAL EXPENSES:46740 PROGRAM SERVICES:46740 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:UTILITIES TOTAL EXPENSES:363260 PROGRAM SERVICES:363260 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:HOUSEKEEPING AND LAUNDRY TOTAL EXPENSES:167276 PROGRAM SERVICES:167276 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DUES AND SUBSCRIPTIONS TOTAL EXPENSES:13377 MANAGEMENT AND GENERAL:13377 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TELEPHONE EXPENSES TOTAL EXPENSES:28323 MANAGEMENT AND GENERAL:28323 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:1705 MANAGEMENT AND GENERAL:1705 Pleasant Spring Communities ONE FLORENCE STREET BOSTON MA 02131 043279977 FUND RAISE MA 501(C)(3) 11 TYPE II false MOUNT PLEASANT HOME 301 SOUTH HUNTINGTON AVE JAMAICA PLAIN MA 02130 042103822 ELDER CARE MA 501(C)(3) 9 false false false true false false false false false false false false false false false false false false false false Pleasant spring communities Inc c 219390 cash PART II Until December 2013 MPH was the sponsor and the sole member of Springhouse, Inc., a not-for-profit corporation organized on April 17, 1992, under the laws of the Commonwealth of MA. Springhouse, Inc. is a community which offers independent and assisted living services in Boston. In December, 2013, MPH restructured its relationship with Springhouse. MPH assigned its role as sole member to Springhouse Foundation and changed the name of the corporation to Pleasant Spring Communities. It re-purposed the corporation to serve as the parent entity for both MPH and Springhouse. Pleasant Spring Communities was assigned the power to appoint the trustees of both subsidiaries. Prior to 1997, MPH contributed $5,091,627 toward the development and construction of the Springhouse facility that opened in November of 1996, and as stated in the 1996 notes to the financial statements. MPH, until December 11, 2013 had the sole authority to appoint the board of directors of Springhouse, Inc., with no other involvement in its operations and receives no contractual economic benefit from this relationship. MPH has not guaranteed any obligations of Springhouse, Inc. In 2011, Springhouse, Inc. contributed $125,000 to MPH for operational costs associated with the expansion and renovation project.