2013-10-07T12:15:25-05:00 2012-12-31 061009205 BLUM SHAPIRO & COMPANY PC CPAS 50 HOLDEN STREET PROVIDENCE RI 02908 990 2012-01-01 050511505 THE FRASSATI RESIDENCE D/B/A THE VILLA AT SAINT ANTOINE FRAS 4017673500 400 MENDON ROAD NORTH SMITHFIELD RI 02896 WENDY FARGNOLI 4017673500 2013-08-29 1 DONALD SULLIVAN P00059830 4012725600 2012 2016-02-24 21:20:13Z WENDY FARGNOLI 10 RHODES AVENUE NORTH SMITHFIELD RI 02896 3617778 0 0928 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 72 15 0 0 14693 15576 3549001 3540543 767 630 72309 58310 3636770 3615059 0 0 0 0 1767399 1820431 0 0 0 1934735 1569708 3702134 3390139 -65364 224920 7465340 7368349 10507446 10288882 -3042106 -2920533 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 3027773 3540543 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. 3027773 1 0 0 0 0 0 0 0 0 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 1 0 0 0 1 0 0 72 1 0 0 0 0 0 0 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 1.00 X X 0 0 0 WENDY L FARGNOLI 1.00 40.00 X X 0 125321 27881 REV MSGR GEORGE L FRAPPIER 1.00 X 0 0 0 JOHN J BARRY III 1.00 X 0 0 0 REV MSGR ALBERT A KENNEY 1.00 X X 0 0 0 REV TIMOTHY D REILLY 1.00 X X 0 0 0 JEAN LARKIN 40.00 X 42614 0 3478 MARIO MACERA 1.00 40.00 X 0 103878 25918 TAMMY SUMMIEL 40.00 X 36623 0 9495 79237 229199 66772 0 0 1 0 0 14101 1475 15576 ROOM, BOARD & OTHER 623000 3540543 3540543 3540543 630 630 7372 14101 2719 4653 4653 OTHER INCOME 900099 36423 36423 GUEST & EMPLOYEE MEALS 900099 12583 12583 REVENUE-HAIRDRESSER 900099 4451 4451 200 200 53657 3615059 3540543 0 58940 92210 79309 12901 1258650 1150697 107953 86692 80058 6634 287428 252794 34634 95451 82096 13355 21993 3523 18470 37314 36518 796 318515 311612 6903 259918 223552 36366 6940 6940 416814 358496 58318 246476 211990 34486 46206 40471 5735 PURCHASED SERVICES 173325 173325 AMORTIZATION EXPENSE 12180 12180 LICENSES AND DUES 11152 11152 TRUSTEE FEES 9785 9785 9090 9090 3390139 3027773 362366 0 721406 850218 119828 118110 29703 15417 15823 12709 6915 8452 9414282 3372324 6212615 6041958 359050 321485 7465340 7368349 327485 229892 104084 100892 8035000 7725000 2040877 2233098 10507446 10288882 X -3042106 -2920533 -3042106 -2920533 7465340 7368349 224920 -103347 0 X X 0 1 X 1 0 X 30310 25305 22634 19922 20229 118400 3096398 3295206 3421249 3549001 3540543 16902397 27454 35747 17974 18229 17034 116438 3154162 3356258 3461857 3587152 3577806 17137235 0 0 0 17137235 261241 256536 3207 767 630 522381 261241 256536 3207 767 630 522381 8248 38412 23156 48851 36623 155290 3423651 3651206 3488220 3636770 3615059 17814906 0.96200 0.96800 0.02930 0.03200 X 8578302 2649153 5929149 61254 44160 17094 774726 679011 95715 6041958 INTEREST RATE SWAP 1493737 LOAN PAYABLE SAINT ANTOINE RESIDENCE 621251 SECURITY DEPOSIT PAYABLE 118110 2233098 X 3586712 -103347 75000 -28347 3615059 0 3615059 3465139 75000 75000 3390139 0 3390139 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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. NO UNCERTAIN TAX POSITIONS WITHIN THE SCOPE OF ASC 740 EXIST AS OF THE YEARS ENDED DECEMBER 31, 2012 AND 2011. 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. X X 0 0 0 0 0 0 0 0 0 WENDY L FARGNOLI 0 125321 0 0 0 0 0 0 0 27881 0 153202 0 0 A THE RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION 521300173 762243YZ0 2007-12-19 9080000 TO FINANCE PAY-OFF OF ORIGINAL BOND LIABILITY 0 0 0 A 9080000 258763 89454 1999 0 1 1 1 A 0 0 0 0 1 1 MERRILL LYNCH CAPITAL SERVICES 20.000000000000 0 0 0 0 0 SCHEDULE K SUPPLENTAL INFORMATION PART II - PROCEEDS NO. 5 ISSUANCE COSTS FROM PROCEEDS BOND ISSUANCE CASH $181,600 CREDIT ENHANCEMENT $77,163 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. FINANCIAL STATEMENTS AUDIT OVERSIGHT 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. REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS 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. IN 2012, SAINT ANTOINE RESIDENCE DONATED THESE SERVICES 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 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0