2014-10-27T13:55:41-05:00 2013-12-31 061009205 BLUM SHAPIRO & COMPANY PC CPAS 50 HOLDEN STREET PROVIDENCE RI 02908 990 2013-01-01 050511505 THE FRASSATI RESIDENCE D/B/A THE VILLA AT SAINT ANTOINE FRAS 4017673500 400 MENDON ROAD NORTH SMITHFIELD RI 02896 WENDY FARGNOLI ASSISTANT TREASURER 4017673500 2014-09-19 1 DONALD SULLIVAN P00059830 4012725600 2013 2015-11-30 17:44:51Z WENDY FARGNOLI 10 RHODES AVENUE NORTH SMITHFIELD RI 02896 4145508 0 X WWW.STANTOINE.NET X 1999 RI THE MISSION OF THE VILLA AT SAINT ANTOINE IS TO PROVIDE INDEPENDENT LIVING CARE FOR THE ELDERLY OF OUR DIOCESE AND COMMUNITY IN ADDITION TO STRENGTHEN EACH RESIDENT AND FAMILY WITH A COMPASSIONATE, CARING AND CHRISTIAN ENVIRONMENT. 6 6 68 15 0 0 15576 6408 3540543 4066707 630 1996 58310 67842 3615059 4142953 0 0 0 0 1820431 1918363 0 0 0 1569708 1771637 3390139 3690000 224920 452953 7368349 7661229 10288882 9416675 -2920533 -1755446 THE MISSION OF THE VILLA AT SAINT ANTOINE IS TO PROVIDE INDEPENDENT LIVING CARE FOR THE ELDERLY OF OUR DIOCESE AND COMMUNITY IN ADDITION TO STRENGTHEN EACH RESIDENT AND FAMILY WITH A COMPASSIONATE, CARING AND CHRISTIAN ENVIRONMENT. 0 0 3262698 4066707 OPERATION OF A 76-UNIT ASSISTED LIVING FACILITY PROVIDING AN ENVIRONMENT WHERE CARE AND ATTENTION ARE UTILIZED TO MEET RESIDENTS' SOCIAL, MEDICAL, EMOTIONAL, AND SPIRITUAL NEEDS. 3262698 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 68 1 0 0 0 0 0 1 1 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X MARIO MACERA 4017673500 10 RHODES AVE NORTH SMITHFIELD RI 02896 MOST REV THOMAS J TOBIN PRESIDENT / TREASURER 1.00 X X 0 0 0 REV MSGR ALBERT A KENNEY VICE PRESIDENT 1.00 X X 0 0 0 REV TIMOTHY D REILLY SECRETARY 1.00 X X 0 0 0 WENDY FARGNOLI EXECUTIVE DIRECTOR / ASS TREASURER 1.00 40.00 X X 0 129087 30461 REV MSGR GEORGE FRAPPIER DIRECTOR 1.00 X X 0 0 0 JOHN J BARRY III DIRECTOR 1.00 X X 0 0 0 MARIO MACERA DIRECTOR OF FINANCE 1.00 40.00 X 0 107190 31913 TAMMY SUMMIEL ADMINISTRATOR 40.00 X 71047 0 23321 71047 236277 85695 0 0 1 0 0 6408 6408 ROOM, BOARD & OTHER 623000 4066707 4066707 4066707 1996 1996 32853 2555 30298 30298 GUEST & EMPLOYEE MEALS 900099 20001 20001 OTHER INCOME 900099 12103 12103 REVENUE-HAIRDRESSER 900099 5440 5440 37544 4142953 4066707 0 69838 94368 82052 12316 1341328 1228048 113280 102043 94962 7081 280351 257438 22913 100273 87187 13086 75000 75000 25771 4077 21694 52342 52342 383218 372511 10707 269101 233981 35120 4427 4427 1335 1335 407680 354474 53206 265504 230853 34651 45163 39687 5476 PURCHASED SERVICES 213013 213013 LICENSES AND DUES 12073 12073 MISCELLANEOUS 9285 9285 TRUSTEE FEES 7725 7725 3690000 3262698 427302 0 850218 1351515 118110 129628 15417 27461 12709 15389 8452 23187 9457475 3625648 6041958 5831827 321485 282222 7368349 7661229 229892 252128 100892 182386 7725000 7400000 2233098 1582161 10288882 9416675 X -2920533 -1755446 -2920533 -1755446 7368349 7661229 452953 712134 0 X X 0 1 X 1 0 X 25305 22634 19922 20229 36706 124796 3295206 3421249 3549001 3540543 4066707 17872706 35747 17974 18229 17034 25441 114425 3356258 3461857 3587152 3577806 4128854 18111927 0 0 0 18111927 256536 3207 767 630 1996 263136 256536 3207 767 630 1996 263136 38412 23156 48851 36623 12103 159145 3651206 3488220 3636770 3615059 4142953 18534208 0.97720 0.96200 0.01420 0.02930 X 8581542 2882621 5698921 61255 47958 13297 814678 695069 119609 5831827 INTEREST RATE SWAP 781603 LOAN PAYABLE ST. ANTOINE RESIDENCE 670930 SECURITY DEPOSIT PAYABLE 129628 1582161 X 4855087 712134 712134 4142953 0 4142953 3690000 0 3690000 0 3690000 PART X, LINE 2: THE ORGANIZATION ADOPTED THE GUIDANCE IN ASC 740, INCOME TAXES, RELATING TO UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES A TWO STEP PROCESS FOR THE MEASUREMENT OF UNCERTAIN TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON A TAX RETURN. THE FIRST STEP IS A DETERMINATION OF WHETHER THE TAX POSITION SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE SECOND STEP DETERMINES THE MEASUREMENT OF THE TAX POSITION. ASC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION OF SUCH TAX POSITIONS, CLASSIFICATION, POTENTIAL INTEREST AND PENALTIES, AND DISCLOSURE. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN THE SCOPE OF ASC 740 EXIST AS OF THE YEAR ENDED DECEMBER 31, 2013. PART X, LINE 1 - INTEREST RATE SWAP THE ORGANIZATION ENTERED INTO AN INTEREST RATE SWAP CONTRACT TO HEDGE INTEREST RATE RISK WITH RESPECT TO THE 2007 SERIES A BONDS. THE CONTRACT IS A CASH FLOW HEDGE AND EFFECTIVELY CHANGES THE ORGANIZATION'S INTEREST EXPOSURE ON THE VARIABLE RATE BONDS TO A FIXED RATE. GOLF TOURNAMENT 25321 25321 CENTURY CLUB 7532 7532 2555 32853 32853 2555 2555 30298 X X 0 0 0 0 0 0 0 0 0 WENDY FARGNOLI EXECUTIVE DIRECTOR / ASS TREASURER 0 129087 0 0 0 0 0 14050 0 16411 0 159548 0 0 A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION 521300173 762243YZ0 2007-12-19 9080000 TO FINANCE PAY-OFF OF ORIGINAL BOND LIABILITY ISSUED ON 09/11/1999. 0 0 0 A 1680000 9080000 181600 77163 296827 1999 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 1 MERRILL LYNCH CAPITAL SERVICES 20.000000000000 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11 THE DIRECTOR OF FINANCE AND THE EXECUTIVE DIRECTOR/ASSISTANT TREASURER REVIEW THE FORM 990 PRIOR TO FILING. UPON REVIEW AND APPROVAL, THE RETURN IS SIGNED BY THE ASSISTANT TREASURER AND FILED WITH THE IRS. IN THE EVENT THAT ASSISTANT TREASURER IS NOT ABLE TO SIGN THE FORM 990, THE DIRECTOR OF FINANCE IS AUTHORIZED TO DO SO. A COPY IS SUBMITTED TO THE FISCAL OFFICE AT THE DIOCESE OF PROVIDENCE AND ONE IS KEPT AT THE BUSINESS OFFICE. FORM 990, PART VI, SECTION B, LINE 12C ALL KEY EMPLOYEES AND MEMBERS OF THE BOARD OF DIRECTORS ARE ASKED TO READ THE ORGANIZATION'S POLICY AND ANNUALLY THEY ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE EXECUTIVE DIRECTOR AND THE FINANCE DIRECTOR REVIEW ALL POTENTIAL CONFLICTS OF INTEREST DISCLOSED BY KEY EMPLOYEES AND DETERMINE IF A TRUE CONFLICT EXISTS. IF AN INDIVIDUAL HAS A CONFLICT, THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF FINANCE REPORT THIS INFORMATION TO THE BOARD OF DIRECTORS. ALL MEMBERS OF THE BOARD OF DIRECTORS ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTEREST, AND DEPENDING UPON THE CONFLICT THEY ARE ASKED TO RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING ON THE RELATED ISSUE. ALL DECISIONS ARE RECORDED IN THE MINUTES OF THE BOARD OF DIRECTORS' MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS FUNCTIONS AS A COMPENSATION COMMITTEE IN DETERMINING SALARY FOR THE ADMINISTRATOR AND KEY EMPLOYEES. IN MAKING ITS DECISION ON COMPENSATION, IT TAKES INTO ACCOUNT THE COMPENSATION PAID TO SIMILAR ADMINISTRATORS AT COMPARABLE NON-PROFIT ORGANIZATIONS IN THE AREA. THE COMMITTEE CONSIDERS THE PERFORMANCE OF THE ORGANIZATION DURING THE REVIEW PERIOD AND CONSIDERS THE ADMINISTRATOR'S SUCCESS IN ACHIEVING ORGANIZATIONAL GOALS. THE ADMINISTRATOR REVIEWS THE SALARY OF ALL OTHER EMPLOYEES. IN MAKING A DECISION ON THE AMOUNT OF COMPENSATION, SHE TAKES INTO ACCOUNT THE COMPENSATION PAID TO SIMILAR EXECUTIVES, PERFORMING SIMILAR TYPES OF DUTIES, AT COMPARABLE NON-PROFIT ORGANIZATIONS IN THE RHODE ISLAND AREA. COMPENSATION RELATED DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE BUSINESS OFFICE. THE ORGANIZATION HAS A WRITTEN EMPLOYEE PROTECTION (WHISTLEBLOWER) POLICY THAT IS DISTRIBUTED TO ALL NEW EMPLOYEES AS WELL AS A WRITTEN CONFLICT OF INTEREST POLICY. COPIES ARE AVAILABLE TO THE PUBLIC AT THE BUSINESS OFFICE. FORM 990 PART XI, LINE 2C THE FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE COMPLETION OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCE COMMITTEE AND SUBMITTED TO THE ADVISORY BOARD AND CORPORATE BOARD. FORM 990 PART VII MARIO MACERA AND WENDY FARGNOLI ARE EMPLOYED AND COMPENSATED BY SAINT ANTOINE RESIDENCE, A RELATED ORGANIZATION. SAINT ANTOINE RESIDENCE PROVIDES BOOKKEEPING AND MANAGEMENT SERVICES TO THE FRASSATI RESIDENCE D/B/A THE VILLA AT SAINT ANTOINE, SOME OF WHICH IS PROVIDED BY MR. MACERA AND MS. FARGNOLI. AS SUCH, A PORTION OF THEIR COMPENSATION IS INCLUDED IN THE CALCULATION OF THE $75,000 OF BOOKKEEPING AND MANAGEMENT SERVICE FEE CHARGED BY SAINT ANTOINE RESIDENCE TO THE FRASSATI RESIDENCE. SAINT ANTOINE RESIDENCE 10 RHODES AVENUE NORTH SMITHFIELD RI 02896 050275443 PROVISION OF CARE AND HOUSING FOR THE ELDERLY RI 501(C)(3) LINE 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0