2025-11-03T14:00:58-06:00 2024-12-31 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2024-01-01 161597251 CLOVERWOOD SENIOR LIVING INC CLOV 5852481100 ONE SINCLAIR DRIVE PITTSFORD NY 14534 COURTNEY SELLITTO CFO 5852188869 2025-11-03 1 1 CHRISTOPHER ABRAM P01601853 5853811000 2024 2025-03-06 01:10:19Z GLEN COOPER 3156 EAST AVENUE ROCHESTER NY 14618 25342746 0 X WWW.CLOVERWOOD.ORG X 2000 NY CLOVERWOOD IS AN EXCEPTIONAL SENIOR LIVING COMMUNITY THAT ENABLES RESIDENTS TO ENJOY AN ACTIVE AND INDEPENDENT LIFESTYLE WITH COMPANIONSHIP AND PEACE OF MIND IN A STIMULATING AND SECURE ENVIRONMENT. 9 9 273 24 0 0 172075 294883 13260447 13851819 234834 1110360 501556 459995 14168912 15717057 0 0 0 0 6319867 7696877 0 0 0 8617931 7929916 14937798 15626793 -768886 90264 46497607 48583738 67149134 68732606 -20651527 -20148868 CLOVERWOOD IS AN EXCEPTIONAL SENIOR LIVING COMMUNITY THAT ENABLES RESIDENTS TO ENJOY AN ACTIVE AND INDEPENDENT LIFESTYLE WITH COMPANIONSHIP AND PEACE OF MIND IN A STIMULATING AND SECURE ENVIRONMENT. 0 0 12296957 14311814 OPERATED A SENIOR LIVING COMMUNITY CONSISTING OF 150 INDEPENDENT LIVING UNITS (64 PATIO HOMES AND 86 APARTMENTS) AND 57 ENRICHED LIVING UNITS. 12296957 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 0 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 1 0 0 0 1 36 0 1 273 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X COURTNEY SELLITTO 5857893212 ONE SINCLAIR DRIVE PITTSFORD NY 14534 EDWARD CARMAN IV DIRECTOR 1.00 X 0 0 0 JEAN MAESS CHAIRPERSON 1.00 X X 0 0 0 ROBERT PARKER SECRETARY 1.00 X X 0 0 0 STANLEY PECK VICE CHAIRPERSON 1.00 X X 0 0 0 KEVIN PHELPS TREASURER 1.00 X X 0 0 0 KIMBERLY WILBORN DIRECTOR 1.00 X 0 0 0 TAMMY GARCIA-KLIPFEL DIRECTOR 1.00 X 0 0 0 FRANK ALLEN DIRECTOR 1.00 X 0 0 0 ROBERT LOWENTHAL JR DIRECTOR 1.00 X 0 0 0 GLEN COOPER CEO 1.00 39.00 X 0 537665 0 CHRISTINE JOHNSON CFO 1.90 38.10 X 0 227956 5891 KATHLEEN WILLIAMS DIRECTOR OF HUMAN RESOURCE 40.00 X 128431 0 273 MICHAEL MACRI EXECUTIVE CHEF 40.00 X 136165 0 7549 MICHAEL PERROTTA SENIOR VP OF HOUSING 40.00 X 224417 0 12727 JULIUS KHOMITCH DIRECTOR OF DINING SERVICES 40.00 X 101054 0 0 590067 765621 26440 4 0 1 0 KATHY SINDONI 118 N TIOGA STREET SUITE 202 ITHACA NY 14850 MEDICAL STAFF CONSULTING 113713 MEDICAL STAFFING NETWORK PO BOX 840292 DALLAS TX 752840292 MEDICAL STAFF TEMPORARY HELP 102948 2 294883 294883 NET RESIDENT REVENUE 623000 13851819 13851819 13851819 319499 319499 10403175 9612314 790861 790861 790861 27874 13375 14499 14499 OTHER OPERATING REVENUE 900099 317496 317496 RESIDENT/GUEST MEALS 900099 93276 93276 BEAUTY SHOP 900099 15179 15179 19545 19545 445496 15717057 14311814 0 1110360 6444596 5238158 1206438 212318 183150 29168 569493 491256 78237 470470 405836 64634 164733 164733 40100 40100 68168 68168 519067 430749 88318 191861 191861 20456 20456 403801 403801 1513942 1492323 21619 4394 4394 729790 729790 2626204 2570791 55413 FOOD AND NUTRITION SERV 936023 936023 ADMINISTRATION AND FINA 375023 375023 HOUSEKEEPING SERVICES 164695 164695 RESIDENT SERVICES 124857 124857 46802 46802 15626793 12296957 3329836 0 1783934 2522152 385390 465390 177651 184551 524336 473417 70665651 37365488 29741181 33300163 13527444 10780693 357671 857372 46497607 48583738 1629762 1463335 254588 280369 17177197 16752522 48087587 50236380 67149134 68732606 X -21235497 -20842038 583970 693170 -20651527 -20148868 46497607 48583738 X 90264 -52702 465097 X X 0 1 X 1 0 X 133371 912812 345855 172075 294883 1858996 11377863 12919645 13111338 13744303 14311814 65464963 11511234 13832457 13457193 13916378 14606697 67323959 0 0 0 67323959 286202 315974 404263 327504 319499 1653442 286202 315974 404263 327504 319499 1653442 11797436 14148431 13861456 14243882 14926196 68977401 0.97600 0.97640 0.02400 0.02360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 6.00 1 1 2594694 2594694 43242773 19669083 23573690 17103692 12871998 4231694 7724492 4824407 2900085 33300163 DUE TO RELATED PARTIES 299338 ENTERENCE FEE DEPOSITS 404996 INTEREST RATE SWAP LIABILITY 30880 REFUNDABLE ENTRANCE FEES 49476859 REFUNDABLE UPGRADE FEES 24307 50236380 16061284 -52702 465097 412395 15648889 68168 68168 15717057 15558625 0 15558625 68168 68168 15626793 PART II, LINE 9: THE SIX ACRES OF EASEMENT TOGETHER WITH THE OTHER 35 ACRES OF LAND THAT THE ORGANIZATION OWNS IS REPORTED ON THE BALANCE SHEET AS PROPERTY AND EQUIPMENT. PART XI, LINE 2D: DURING 2022, CLOVERWOOD ENTERED INTO A HEDGING AGREEMENT WITH RESPECT TO INTEREST RATE EXPOSURE ON THE SERIES 2022 BONDS. CLOVERWOOD USES THE INTEREST RATE SWAP AGREEMENT TO REDUCE ITS EXPOSURE TO INTEREST RATE CHANGES. THE SWAP AGREEMENT EFFECTIVELY CONVERTS A PORTION OF THE VARIABLE RATE DEBT TO A LONG-TERM FIXED RATE. UNDER THIS AGREEMENT, CLOVERWOOD RECEIVED A VARIABLE RATE BASED ON A CALCULATION OF 79% OF THE CME GROUP SECURED OVERNIGHT FINANCING RATE (CME SOFR) ONE MONTH RATE PLUS 1.10%. THE MARK-TO-MARKET FAIR VALUE OF THE INTEREST RATE SWAP AGREEMENT RESULTED IN A UNREALIZED GAIN OF $465,097. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 GLEN COOPER CEO 0 452807 0 74653 0 10205 0 0 0 0 0 537665 0 0 MICHAEL PERROTTA SENIOR VP OF HOUSING 202147 0 22000 0 270 0 0 0 0 12727 224417 12727 0 0 CHRISTINE JOHNSON CFO 0 209162 0 16508 0 2286 0 0 0 5891 0 233847 0 0 A VILLAGE OF EAST ROCHESTER HOUSING AUTHORITY 161497561 2022-11-09 18051908 REDEEM THE SERIES 2013 AND SERIES 2009 BONDS 0 0 0 A 18051908 17570354 290218 191336 2022 1 0 1 1 A 0 0 0 0 0 0 1 A 1 1 1 THE HUNTINGTON NATIONAL BANK 10.000000000000 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE, INDEPENDENT ACCOUNTING FIRM. A COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER FOR INDEPENDENT REVIEW PRIOR TO FILING THE RETURN. THE FORM 990 IS THEN DISCUSSED AT A SUBSEQUENT BOARD MEETING; COPIES OF THE 990 ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, CURRENT DIRECTORS, OFFICERS, KEY EMPLOYEES AND OTHER EMPLOYEES WHO ARE AUTHORIZED TO PURCHASE GOODS AND SERVICES OR CREATE A BINDING AGREEMENT WITH AN OUTSIDE PARTY COMPLETE, SIGN AND RETURN THE ANNUAL DISCLOSURE FORM. THE CEO REVIEWS AND REPORTS ANY KNOWN CONFLICTS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 PER ADMINISTRATIVE POLICY #29, EXECUTIVE COMPENSATION FOR THE CEO AND KEY EMPLOYEES IS REVIEWED ANNUALLY AND SET BY THE EXECUTIVE COMMITTEE OF THE BOARD. AN OUTSIDE CONSULTANT PERFORMS A COMPENSATION STUDY OF LIKE ORGANIZATIONS EVERY TWO YEARS. THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION STUDY, ACTIVITIES AND ACCOMPLISHMENTS RELATIVE TO ANNUAL OBJECTIVES AND OVERALL OPERATING PERFORMANCE WHEN EVALUATING AND SETTING COMPENSATION. THE CEO IS NOT PRESENT WHEN PERFORMANCE AND COMPENSATION DISCUSSIONS AND SETTING OCCURS FOR HIS POSITION. KEY EMPLOYEE COMPENSATION OTHER THAN THE CEO, IS APPROVED BY THE EXECUTIVE COMMITTEE BASED ON SAME CRITERIA AS AFOREMENTIONED. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 1023 AND FORM 990 MAY BE REQUESTED AND VIEWED DURING NORMAL BUSINESS HOURS UPON REQUEST. FORM 990 CAN ALSO BE FOUND ON THE WEBSITE GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST INFORMATION ARE AVAILABLE FOR PUBLIC INSPECTION DURING ROUTINE BUSINESS HOURS, UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST RATE SWAP 465,097. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS AND THE AUDITOR SELECTION PROCESS HAVE NOT CHANGED FROM THE PRIOR YEAR. ROCHESTER FRIENDLY SENIOR SERVICES DBA FRIENDLY SENIOR LIVING 3156 EAST AVENUE ROCHESTER NY 14618 161462330 SUPPORTING ORGANIZATION NY 501(C)(3) LINE 12B, II N/A 0 LINDEN KNOLL INC 81 LINDEN AVENUE ROCHESTER NY 14610 161528780 INDEPENDENT LIVING APARTMENTS NY 501(C)(3) LINE 10 N/A 0 ROCHESTER FRIENDLY HOME DBA THE FRIENDLY HOME 3156 EAST AVENUE ROCHESTER NY 14618 160743132 NURSING FACILITY NY 501(C)(3) LINE 10 N/A 0 EASTSIDE SENIOR CARE INC 3156 EAST AVENUE ROCHESTER NY 14618 881016742 INDEPENDENT LIVING APARTMENTS NY 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0