2015-10-06T13:28:17-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2014-01-01 223064323 MARY ANN MORSE HEALTHCARE CORP MARY 5087886050 747 WATER STREET FRAMINGHAM MA 01701 RICHARD KILLIGREW PRESIDENT & CEO 5087886050 2015-10-02 1 JUDY DALEY P01294075 6179848100 2015-10-02 2014 2016-02-25 16:41:14Z RICHARD KILLIGREW 747 WATER STREET FRAMINGHAM MA 01701 23746384 0 X WWW.MARYANNMORSE.ORG X 1990 MA THE MISSION OF MARY ANN MORSE HEALTHCARE CORP. IS TO ENHANCE THE QUALITY OF LIFE OF ITS RESIDENTS THROUGH THE PROVISION OF THE HIGHEST QUALITY SKILLED NURSING, REHABILITATIVE, RESTORATIVE AND ASSISTED LIVING SERVICES AND TO LEND COMFORT AND SUPPORT TO FAMILIES OF RESIDENTS. 12 11 385 33 0 0 0 0 18889488 19872686 207830 417427 0 0 19097318 20290113 0 0 0 0 11981278 12092042 0 0 0 6811455 6835648 18792733 18927690 304585 1362423 36123920 35772882 25837516 24531786 10286404 11241096 X THE MISSION OF MARY ANN MORSE HEALTHCARE CORP. IS TO ENHANCE THE QUALITY OF LIFE OF ITS RESIDENTS BY PROVIDING THE HIGHEST QUALITY SKILLED NURSING, REHABILITATIVE, RESTORATIVE AND ASSISTED LIVING SERVICES AND TO COMFORT AND SUPPORT TO FAMILIES OF RESIDENTS. 0 0 11493959 13789948 MARY ANN MORSE NURSING & REHABILITATION CENTER - A 124-BED FACILITY PROVIDING SKILLED LONG TERM CARE, LONG TERM DEMENTIA CARE, AND SHORT TERM SUB-ACUTE SERVICES. MARY ANN MORSE NURSING & REHAB CENTER IS CERTIFIED BY THE JOINT COMMISSION FOR THE ACCREDITATION OF HEALTHCARE ORGANIZATIONS. MARY ANN MORSE HEALTHCARE CENTER RANKS IN THE TOP 20% OF SKILLED NURSING FACILITIES IN MASSACHUSETTS BY THE DEPARTMENT OF PUBLIC HEALTH AND IS A 5-STAR FACILITY AS MEASURED BY CMS QUALITY MEASURES. 4818118 6082738 HERITAGE ASSISTED LIVING - INDEPENDENT AND TRADITIONAL ASSISTED LIVING SERVICES TO RESIDENTS IN 58 APARTMENT UNITS, AND PROVIDES DEMENTIA SERVICES IN A SECURE ENVIRONMENT TO ALZHEIMER'S RESIDENTS IN 40 UNITS. A LARGE MULTI-PURPOSE ROOM ALLOWS FOR JOINT ACTIVITIES PROGRAMS ATTENDED BY BOTH THE DEMENTIA RESIDENTS AND THE CLASSIC RESIDENTS, INCREASING THE QUALITY OF LIFE FOR ALL RESIDENTS. HERITAGE HAS A LARGE BUS AND A SMALL BUS, WHICH PROVIDES TRANSPORTATION FOR RESIDENTS TO OFFSITE ACTIVITIES. HERITAGE EMPLOYS LICENSED NURSES FROM 8:00 AM UNTIL 11:00 PM, WHICH IS NOT A REQUIREMENT. HERITAGE ALSO EMPLOYS A 32 HOUR PER WEEK PROGRAM MANAGER FOR THE DEDICATED MEMORY CARE UNIT. HERITAGE EMPLOYS MORE ACTIVITY STAFF THAN THE TYPICAL ASSISTED FACILITY, AND ROTATES THE ACTIVITY STAFF THROUGH THE TRADITIONAL ASSISTED LIVING WING AND MEMORY CARE WING ON A REGULAR BASIS. 16312077 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 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 0 0 0 0 1 72 0 1 385 1 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X RICHARD KILLIGREW 5086655303 747 WATER STREET FRAMINGHAM MA 01701 DONALD BLOCH ESQ CHAIRMAN 2.00 X X 0 0 0 BARRY SIMS VICE CHAIRMAN 2.00 X X 0 0 0 FRANK JENKINS TREASURER 2.00 X X 0 0 0 ALLAN MCLEAN CLERK 2.00 X X 0 0 0 JOHN CALCIO BOARD MEMBER 1.00 X 0 0 0 MARY ELIZABETH COTTER BOARD MEMBER 1.00 X 0 0 0 ELIZABETH DONNELLY BOARD MEMBER 1.00 X 0 0 0 WILLIAM GOODMAN MD BOARD MEMBER 1.00 X 0 0 0 MICHAEL GOTTLIEB MD BOARD MEMBER 1.00 X 0 0 0 MARY GREENDALE BOARD MEMBER 1.00 X 0 0 0 MARGARET SHIELDS BOARD MEMBER 1.00 X 0 0 0 RICHARD J KILLIGREW PRESIDENT & CEO 40.00 X X 175000 0 10220 LISA KUBIAK EXECUTIVE DIRECTOR 40.00 X 136839 0 7041 ELLEN ADAMS EXECUTIVE DIRECTOR 40.00 X 124826 0 9095 ROSALINE COELHO LPN 40.00 X 109215 0 7758 ANNWAY MERCIER LPN 40.00 X 104176 0 8585 650056 0 42699 5 0 1 0 CENTIMARK CORPORATION 10701 HAMPSHIRE AVENUE S MINNEAPOLIS MN 55438 CONTRACTOR SERVICES 171997 COMPETITIVE EDGE 44 BEARFOOT ROAD SUITE 1A NORTHBOROUGH MA 01532 IT SERVICES 130700 2 NET RESIDENT SERVICE REVENUE 623000 19588657 19588657 OTHER INCOME 623000 284029 284029 19872686 145808 145808 3727890 3456271 271619 271619 271619 20290113 19872686 0 417427 463021 463021 9840912 9106620 734292 72466 60052 12414 923636 787243 136393 792007 656323 135684 41338 41338 61846 61846 42831 42831 747568 447815 299753 124125 124125 172579 172579 87494 87494 887662 887662 19842 1029 18813 674583 674583 1262618 1210526 52092 239344 239344 RELATED MEDICAL EXPENSE 796197 796197 FOOD 751951 751951 USER FEE EXPENSE 599558 599558 BAD DEBTS 163667 163667 162445 93174 69271 18927690 16312077 2615613 0 201653 55796 7026071 4734768 1395765 1224704 366117 198166 36889014 15273993 22086192 21615021 4218605 7225775 829517 718652 36123920 35772882 1504062 1227031 298809 263744 22787529 21743363 403493 408516 843623 889132 25837516 24531786 X 10286404 11241096 10286404 11241096 36123920 35772882 X 1362423 -362223 -45508 X 0 1 X 1 0 X 18571867 18080225 18062410 18889488 19872686 93476676 18571867 18080225 18062410 18889488 19872686 93476676 0 0 0 93476676 94915 62797 69718 81659 145808 454897 94915 62797 69718 81659 145808 454897 18666782 18143022 18132128 18971147 20018494 93931573 0.99520 0.99520 0.00480 0.00480 X 0 1 X 1430439 1430439 30555071 11606296 18948775 4898304 3667697 1230607 5200 5200 21615021 INTEREST RATE SWAP CONTRACTS IN LOSS POSITION 889132 889132 X 19839551 -362223 -45508 -407731 20247282 42831 42831 20290113 18884859 0 18884859 42831 42831 18927690 PART IV, LINE 2B: THE ORGANIZATION HOLDS TENANT SECURITY DEPOSITS. PART X, LINE 2: THE STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REQUIRE THE COMPANY TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF DECEMBER 31, 2014 AND 2013, THE COMPANY DETERMINED THAT IT HAD NO TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE COMPANY FILES TAX AND INFORMATION RETURNS IN THE UNITED STATES (FEDERAL) AND MASSACHUSETTS (STATE) JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAINS (LOSSES) ON CARRYING VALUE OF INTEREST RATE SWAP CONTRACTS -45,508. X X X 0 0 0 0 0 0 0 0 0 RICHARD J KILLIGREW PRESIDENT & CEO 175000 0 0 0 0 0 0 0 10220 0 185220 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RRD9 2010-11-19 25060000 REFINANCE AND EXPANSION/RENOVATION 0 0 0 A 18916919 25060000 290384 520871 5331826 2011 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 1 SOVEREIGN BANK 9.000000000000 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY A CPA FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. THE PRESIDENT & CEO REVIEWS THE 990 BEFORE IT IS FILED. THE FORM 990 IS MADE AVAILABLE TO THE FINANCE COMMITTEE FOR COMMENT AT THE FIRST FINANCE COMMITTEE MEETING. MANAGEMENT WILL REVIEW THE FINAL 990 AFTER COMMENTS WITH THE FINANCE COMMITTEE. THE BOARD OF TRUSTEES WILL BE INFORMED THAT THE 990 HAS BEEN FILED AT THE NEXT BOARD MEETING, AND A COPY OF THE FILED 990 WILL BE PROVIDED TO THE BOARD OF TRUSTEES UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT IS APPLICABLE TO ALL TRUSTEE MEMBERS AND MANAGEMENT LEVEL EMPLOYEES ("PERSONS"). ON AN ANNUAL BASIS, ALL PERSONS RECEIVE THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO SIGN A DISCLOSURE STATEMENT IDENTIFYING ANY CONFLICTS OF INTEREST. PRIOR TO PARTICIPATING IN OF DISCUSSING ANY MATTER CONCERNING THE CORPORATION WHICH MIGHT PRESENT A CONFLICT, ANY PERSON SHALL FIRST DISCLOSE ANY SUCH CONFLICT TO THE GROUP PARTICIPATING IN OR DISCUSSING SAID MATTER, AND THAT DISCUSSION AND DISCLOSURE SHALL BE MADE A PART OF THE RECORDS OF THE CORPORATION. ANY PERSON INVOLVED IN A CONFLICT SHALL NOT DISCUSS, VOTE ON OR USE HIS OR HER PERSONAL INFLUENCE ON SUCH MATTER AT ANY MEETING OF A BOARD OR COMMITTEE OF WHICH SUCH PERSON IS A MEMBER, AND HE OR SHE SHOULD NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING, EVEN WHERE PERMITTED BY LAW. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS, WHICH ARE DOCUMENTED AND RECORDED IN THE CORPORATE MINUTES. THE PROCESS INVOLVES MEETING AND CONSULTING WITH THE ORGANIZATION'S LABOR ATTORNEYS ON A REGULAR AND CONSISTENT BASIS TO GO OVER ANY AND ALL QUESTIONS AND PROCEDURES INVOLVING COMPENSATION OF TOP OFFICIALS, AS WELL AS TO REVIEW AND COMPARE THE ANALYSIS OF INDUSTRY AND MARKET DATA AS IT RELATES TO COMPENSATION FOR TOP OFFICIALS IN THE SAME OR SIMILAR INDUSTRIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN (LOSS) ON SWAP -45,508.