2012-11-14T14:05:29-06:00 2011-12-31 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2011-01-01 222777127 PIONEER VALLEY LIVING CARE CENTER AT AMHERST INC PION 4135325325 ONE SPENCER DRIVE AMHERST MA 01002 CAROL C KATZ 4135325325 2012-11-14 1 LYNNE JOHNSON P00757336 6179129000 2011 2016-02-24 21:20:13Z X APPLEWOOD CARL C KATZ ONE SPENCER DRIVE AMHERST MA 01002 4653498 0 X WWW.LOOMISCOMMUNITIES.ORG X 1983 MA TO PROVIDE HOUSING, HEALTH CARE AND OTHER RELATED SERVICES THROUGH THE OPERATIONS OF A LIFECARE RETIREMENT FACILITY CONSISTING OF 103 INDEPENDENT LIVING UNITS. 15 14 107 0 0 0 9349 99728 5117208 4421355 -46875 2248 108083 109809 5187765 4633140 0 0 0 0 1790810 1731245 0 0 17300 2898018 3180702 4688828 4911947 498937 -278807 18926768 0 23472624 0 -4545856 0 X THE MISSION OF THE LOOMIS ORGANIZATION IS TO ENRICH THE LIVES OF SENIORS BY PROVIDING A CONTINUUM OF HIGH QUALITY SERVICES WHICH PROMOTES INDEPENDENCE AND MEETS THE CHANGING NEEDS OF PEOPLE THROUGHOUT THE AGING PROCESS. 0 1 4086348 4448796 TO PROVIDE HOUSING, HEALTH CARE AND OTHER RELATED SERVICES THROUGH THE OPERATIONS OF AN INDEPENDENT RETIREMENT COMMUNITY CONSISTING OF 103 INDEPENDENT LIVING UNITS. 4086348 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 107 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CAROL C KATZ 4135325325 246 NORTH MAIN STREET SOUTH HADLEY MA 01075 X DAVID HEALEY 2.00 X 0 0 0 KAY SORDILLO 2.00 X 0 0 0 PHYLLIS CAPERS 1.00 X 0 0 0 NANCY EDDY 1.00 X 0 0 0 WAYNE GASS 1.00 X 0 0 0 NORMAN HALPERN 1.00 X 0 0 0 GWENDOLYN JONES BOISSEAU 1.00 X 0 0 0 SARA LAWRENCE 1.00 X 0 0 0 ANN MCINTOSH 1.00 X 0 0 0 ROBERT POTASH 1.00 X 0 0 0 VENUS ROBINSON 1.00 X 0 0 0 MARY-ANNE STEARNS 1.00 X 0 0 0 JOAN STEIGER 1.00 X 0 0 0 THOMAS SENECAL 1.00 X 0 0 0 RICHARD WHITING JR 1.00 X 0 0 0 CAROL C KATZ 5.00 X 0 197025 19907 MARGARET R MANTONI 5.00 X 0 173708 20897 PETER CONNOR 1.00 X 0 0 0 0 370733 40804 0 0 1 0 SODEXO PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 367882 B-G MECHANICAL SERVICES 12 SECOND AVENUE CHICOPEE MA 01020 MECHANICAL SERVICES 216438 TAYLOR DAVIS LANDSCAPING PO BOX 507 AMHERST MA 01004 GROUNDSKEEPING 116245 3 99728 99728 RESIDENT SERVICES 623000 3965037 3965037 AMORT. OF ENTRANCE FEE 623990 456318 456318 4421355 22606 22606 16861 3497 -16861 -3497 -20358 -20358 COUNTRY STORE INCOME 453220 32903 32903 COMMUNITY & CABLE INCO 900099 28752 28752 GUEST ROOM INCOME 532000 20713 20713 27441 27441 109809 4633140 4448796 0 84616 1455668 1287861 167807 19245 19245 140636 122829 17807 115696 103031 12665 315274 38659 259315 17300 5690 5690 17437 17437 6667 6667 147272 147272 142060 142060 24805 24805 7016 7016 437260 437260 5602 2621 2981 425156 425156 720018 720018 90364 90364 FOOD 241385 241385 NURSING CARE EXPENSE 235158 235158 SUPPLIES 24496 24496 MINOR EQUIPMENT 15623 15623 319419 284979 34440 4911947 4086348 808299 17300 600 0 0 0 71706 0 0 0 0 0 65831 0 0 0 11735554 0 315488 0 25998 0 0 0 6711591 0 18926768 0 590170 14854145 7731000 297309 0 23472624 0 X -4615310 0 69454 0 -4545856 0 18926768 0 X -278807 4824663 X 0 1 1 X 0 X 52931 18402 11782 9349 99728 192192 4576548 4775062 4868276 5141936 4448796 23810618 4629479 4793464 4880058 5151285 4548524 24002810 0 0 0 24002810 263866 90793 51602 11503 22606 440370 263866 90793 51602 11503 22606 440370 96759 113202 106772 83335 82368 482436 4990104 4997459 5038432 5246123 4653498 24925616 0.96300 0.96000 0.01770 0.02020 X 12674 -306 12368 13438 1008 1772 12674 14556 1934 3020 32 13438 17793 586 -3695 128 14556 1.00000 1 0 0 4633140 4911947 -278807 14120 -9768718 14579261 4824663 4545856 4626808 14120 -20452 -6332 4633140 0 4633140 4911947 0 4911947 0 4911947 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO ASSIST THE CORPORATION WITH ACCOMPLISHING ITS PURPOSE OF PROVIDING INDEPENDENT AND ASSISTED LIVING TO SENIORS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION FOLLOWS THE FASB ASC 740, "INCOME TAXES", WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. THE ORGANIZATION WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -2,850. UNREALIZED TEMPORARILY IMPAIRED INVESTMENTS LOSSES -17,602. TRANSFER TO LOOMIS COMMUNITIES, INC., RELATED ORGANIZATION 14,599,713. TOTAL TO SCHEDULE D, PART XI, LINE 8: 14,579,261. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -2,850. UNREALIZED TEMPORARILY IMPAIRED INVESTMENTS LOSSES -17,602. X X X 0 0 0 1 1 1 1 0 0 CAROL C KATZ 0 172873 0 12180 0 11972 0 6077 0 13830 0 216932 0 0 MARGARET R MANTONI 0 154766 0 9333 0 9609 0 5186 0 15711 0 194605 0 0 PART I, LINE 5 THE VARIABLE COMPENSATION PACKAGE FOR THE CEO, CFO, DIRECTOR OF OPERATIONS, MARKETING DIRECTOR, DEVELOPMENT DIRECTOR AND THE ADMINISTRATORS INCLUDE A PERCENTAGE FOR ACHIEVING BUDGETS, WHICH HAVE A REVENUE COMPONENT TO THEM. HOWEVER, THE COMPENSATION IS NOT TIED DIRECTLY TO REVENUE ON ITS OWN. PART I, LINE 6 THE VARIABLE COMPENSATION PACKAGE FOR THE CEO, CFO, DIRECTOR OF OPERATIONS, MARKETING DIRECTOR, DEVELOPMENT DIRECTOR AND THE ADMINISTRATORS INCLUDE A PERCENTAGE FOR ACHIEVING BUDGETS, WHICH ARE BASED ON NET EARNINGS. THE COMPENSATION IS NOT TIED DIRECTLY TO NET EARNINGS ON ITS OWN. CURRENT ASSETS INCLUDING CASH, ACCOUNTS RECEIVABLE, PREPAID EXPENSES AND INTERCOMPANY RECEIVABLES 2011-12-31 5163301 BOOK VALUE AS OF THE END OF THE YEAR 042706070 LOOMIS COMMUNITIES INC 246 NORTH MAIN STREET SOUTH HADLEY MA 01075 501(C)(3) ASSETS LIMITED AS TO USE 2011-12-31 1968654 BOOK VALUE AS OF THE END OF THE YEAR 042706070 LOOMIS COMMUNITIES INC 246 NORTH MAIN STREET SOUTH HADLEY MA 01075 501(C)(3) PROPERTY AND EQUIPMENT, NET 2011-12-31 11821736 BOOK VALUE AS OF THE END OF THE YEAR 042706070 LOOMIS COMMUNITIES INC 246 NORTH MAIN STREET SOUTH HADLEY MA 01075 501(C)(3) OTHER ASSETS INCLUDING INVESTMENTS AND DEFERRED EXPENSES 2011-12-31 551256 BOOK VALUE AS OF THE END OF THE YEAR 042706070 LOOMIS COMMUNITIES INC 246 NORTH MAIN STREET SOUTH HADLEY MA 01075 501(C)(3) CURRENT LIABILITIES INCLUDING ACCOUNTS PAYABLE, ACCRUED EXPENSES, AND CURRENT NOTES AND BONDS PAYABLES, AND INTERCOMPANY PAYABLES 2011-12-31 -3732012 BOOK VALUE AS OF THE END OF THE YEAR 042706070 LOOMIS COMMUNITIES INC 246 NORTH MAIN STREET SOUTH HADLEY MA 01075 501(C)(3) LONG-TERM LIABILITIES INCLUDING MORTGAGE AND BOND PAYABLES AND DEFERRED REVENUE 2011-12-31 -30372648 BOOK VALUE AS OF THE END OF THE YEAR 042706070 LOOMIS COMMUNITIES INC 246 NORTH MAIN STREET SOUTH HADLEY MA 01075 501(C)(3) 0 0 0 0 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 THE ORGANIZATION IS MERGED INTO LOOMIS COMMUNITIES, INC., A RELATED ORGANIZATION, EFFECTIVE JANUARY 1, 2012. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE 93 MEMBERS OF THE CORPORATION, KNOWN AS CORPORATORS (PER THE BYLAWS, THERE IS NO LIMIT TO THE POTENTIAL NUMBER OF CORPORATORS). FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATORS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF THE CORPORATION EACH MAY. THERE IS 1 MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS HAVE DECISION-MAKING AND VOTING AUTHORITY ON ISSUES INCLUDING BUT NOT LIMITED TO THE FOLLOWING: HIRING OR TERMINATING THE CEO; ESTABLISHING SALARY AND BENEFITS FOR THE CEO; APPROVING OPERATING AND CAPITAL BUDGETS AND EXPENDITURES; ENGAGING AN INDEPENDENT AUDITOR TO CONDUCT AN ANNUAL AUDIT; REVIEWING AND APPROVING THE AUDIT; ESTABLISHING, REVIEWING, AND APPROVING POLICIES; ESTABLISHING AND APPROVING STRATEGIC PLANS; AND CONDUCTING ALL OTHER BUSINESS AS IS DEEMED APPROPRIATE FOR THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND BY THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS. ANY PERTINENT COMMENTS OR RECOMMENDATIONS ARE PRESENTED BY THOSE COMMITTEES TO THE FULL BOARD. EACH MEMBER OF THE BOARD RECEIVES A COPY OF THE FORM 990; AND IT IS POSTED ON THE ORGANIZATION'S WEB SITE FOR ACCESS BY MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C IN MAY OF EACH YEAR, FOLLOWING THE ANNUAL MEETING, EACH MEMBER OF THE BOARD OF DIRECTORS RECEIVES A COPY OF THE CONFLICT OF INTEREST POLICY, AND A FORM ON WHICH TO INDICATE ANY KNOWN OR POTENTIAL CONFLICTS OR DUALITIES OF INTEREST. BOARD MEMBERS ARE ASKED TO SIGN THE POLICY ITSELF, AND TO COMPLETE THE FORM REQUESTING ANY CONFLICTS OR DUALITIES. AT THE BOARD OF DIRECTORS MEETING IN JUNE OF EACH YEAR, EACH BOARD MEMBER RECEIVES A COPY OF EVERY OTHER BOARD MEMBER'S SIGNED FORMS; IF THERE ARE ANY CONFLICTS OR DUALITIES, THEY ARE DISCLOSED TO THE FULL BOARD. IF THERE IS A BOARD MEMBER WITH A CONFLICT RELATED TO A PARTICULAR DISCUSSION OR VOTE, THAT BOARD MEMBER EXCUSES HIM OR HERSELF FROM THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS CONDUCTS AN ANNUAL REVIEW OF THE CEO, BOTH FOR PERFORMANCE AND FOR COMPENSATION. THE CEO SUBMITS A SELF-EVALUATION AND REPORTS ON ACHIEVEMENT OF GOALS ESTABLISHED FOR THE PRIOR YEAR; ALL BOARD MEMBERS PROVIDE FEEDBACK. THE COMPENSATION COMMITTEE CONDUCTS A REVIEW OF SALARIES AND BENEFITS FOR POSITIONS COMPARABLE TO THE CEO. SOURCES FOR THE INFORMATION INCLUDE, BUT ARE NOT LIMITED TO: WAGE SURVEYS FROM THE ORGANIZATION'S STATE AND NATIONAL MEMBERSHIP ORGANIZATIONS; LOCAL EMPLOYERS' ASSOCIATION WAGE SURVEYS; PRIVATE WAGE SURVEYS FROM CONSULTANTS AND COLLEAGUES; WAGES AS REPORTED ON OTHER ORGANIZATIONS' FORM 990S; INFORMATION FROM INDEPENDENT AUDITOR. THE COMPENSATION COMMITTEE PRESENTS ITS RECOMMENDATION FOR CEO SALARY AND BENEFITS TO THE FULL BOARD FOR DISCUSSION AND VOTE. THE CEO PRESENTS ANNUALLY TO THE FULL BOARD OF DIRECTORS A SPREADSHEET WITH THE CURRENT SALARIES AND BENEFITS OF EACH MEMBER OF SENIOR MANAGEMENT: CFO, DIRECTOR OF OPERATIONS, DIRECTOR OF MARKETING, DIRECTOR OF DEVELOPMENT, AND THE ADMINISTRATORS OF THE ORGANIZATIONS, ALONG WITH RECOMMENDATIONS FOR ANY CHANGES IN SALARIES AND BENEFITS. COMPARABLE SALARIES FOR THESE POSITIONS ARE INCLUDED, OBTAINED FROM INFORMATION AS DESCRIBED ABOVE. THE FULL BOARD OF DIRECTORS VOTES TO APPROVE THESE SALARIES AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, FORM 990, CONFLICT OF INTEREST POLICY, GOVERNANCE POLICIES AND PROCEDURES AND OTHER APPROPRIATE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART VII, SECTION A: CAROL C. KATZ IS COMPENSATED FOR SERVICES PROVIDED TO LOOMIS COMMUNITIES, INC. AND AFFILIATES AS PRESIDENT & CEO. CAROL WORKS AN AVERAGE OF 40 HOURS PER WEEK IN HER POSITION AS PRESIDENT & CEO FOR LOOMIS COMMUNITIES, INC. AND AFFILIATES. MARGARET R. MANTONI IS COMPENSATED FOR SERVICES PROVIDED TO LOOMIS COMMUNITIES, INC. AND AFFILIATES AS CFO. MARGARET WORKS AN AVERAGE OF 40 HOURS PER WEEK IN HER POSITION AS CFO FOR LOOMIS COMMUNITIES, INC. AND AFFILIATES. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 14,120. PRIOR PERIOD ADJUSTMENTS: -9,768,718. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -2,850. OTHER THAN TEMPORARILY IMPAIRED INVESTMENTS LOSSES -17,602. TRANSFER TO LOOMIS COMMUNITIES, INC., RELATED ORGANIZATION 14,599,713. TOTAL TO FORM 990, PART XI, LINE 5: 4,824,663. LOOMIS COMMUNITIES INC 246 NORTH MAIN STREET SOUTH HADLEY MA 01075 042706070 INDEPENDENT & ASSISTED LIVING FACILITIES MA 501(C)(3) LINE 9 N/A 0 LOOMIS SENIOR LIVING INC 807 WILBRAHAM ROAD SPRINGFIELD MA 01109 043314106 INDEPENDENT & ASSISTED LIVING FACILITIES MA 501(C)(3) LINE 9 N/A 0 LOOMIS HOUSE INC 298 JARVIS AVENUE HOLYOKE MA 01040 042108366 NURSING HOME MA 501(C)(3) LINE 9 N/A 0 WRIGHT CHARITIES 246 NORTH MAIN STREET SOUTH HADLEY MA 01075 042104166 FINANCIAL ASSISTANCE FOR ELDERLY MA 501(C)(3) PF N/A 0 REEDS LANDING FOUNDATION INC 807 WILBRAHAM ROAD SPRINGFIELD MA 01109 202640490 HOLDS INVESTMENTS MA 501(C)(3) LINE 11A, I N/A 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 1