2011-11-14T13:56:41-06:00 2010-12-31 SULLIVAN & COMPANY CPAS LLP 50 HOLDEN STREET PROVIDENCE RI 02908 990 2010-01-01 050511505 THE FRASSATI RESIDENCE D/B/A THE VILLA AT SAINT ANTOINE FRAS 4017673500 400 MENDON ROAD NORTH SMITHFIELD RI 02896 WENDY FARGNOLI 4017673500 2011-11-03 1 DONALD SULLIVAN 4012725600 X 2010 2016-02-24 21:20:13Z WENDY FARGNOLI 10 RHODES AVENUE NORTH SMITHFIELD RI 02896 3488220 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 70 11 0 0 17844 18874 3295206 3421249 256536 3207 54244 44890 3623830 3488220 0 0 0 0 1515455 1609378 0 0 0 2402993 1766049 3918448 3375427 -294618 112793 8094004 7789419 10296102 9994835 -2202098 -2205416 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 2873288 3421249 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. 2873288 1 0 0 0 0 0 0 0 0 1 0 0 1 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 0 1 0 0 70 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 0 0 0 1 1 0 X MARIO MACERA 4017673500 10 RHODES AVE NORTH SMITHFIELD RI 02896 MOST REV BISHOP T TOBIN 1.00 X X 0 34623 21232 WENDY L FARGNOLI 1.00 X X 0 120538 9348 REV MSGR GEORGE L FRAPPIER 1.00 X 0 0 8000 JOHN BARRY 1.00 X 0 143704 24556 REV ROBERT C EVANS 1.00 X X 0 21906 21232 REV TIMOTHY D REILLY 1.00 X X 0 31420 21232 JEAN LARKIN 40.00 X 68044 0 12591 MARIO MACERA 40.00 X 0 91836 23492 68044 444027 141683 0 0 1 0 0 17594 1280 18874 ROOM, BOARD & OTHER 623000 3421249 3421249 3421249 3207 3207 3760 17594 0 3760 3760 OTHER INCOME 900099 19696 19696 GUEST & EMPLOYEE MEALS 900099 14361 14361 REVENUE-HAIRDRESSER 900099 3613 3613 3460 3460 41130 3488220 3421249 0 48097 80635 15721 64914 1121183 1039365 81818 80966 70618 10348 242129 199622 42507 84465 67997 16468 23617 4025 19592 55775 46510 9265 327986 320593 7393 422046 339762 82284 4806 4806 393219 316556 76663 269104 216639 52465 41569 34604 6965 PURCHASED SERVICES 175985 175985 MISCELLANEOUS 14431 14431 AMORTIZATION EXPENSE 12987 12987 LICENSES AND DUES 12304 12304 TRUSTEE FEES 12220 12220 3375427 2873288 502139 0 827399 681630 119625 118812 71557 90110 7830 13926 42991 35411 9333800 2903210 6643750 6430590 380852 418940 8094004 7789419 408137 372319 100636 25172 8620000 8330000 1167329 1267344 10296102 9994835 X -2202098 -2205416 -2202098 -2205416 8094004 7789419 X 112793 -116111 X X 0 1 1 X 0 X 8555467 2184751 6370716 64093 64093 0 714240 654366 59874 6430590 BOND ISSUE COSTS, NET 250622 ASSETS LIMITED AS TO USE 168318 418940 LOAN PAYABLE ST. ANTOINE RESIDENCE 648280 INTEREST RATE SWAP 619064 1267344 3488220 3375427 112793 -116111 -116111 -3318 3447109 -116111 75000 -41111 3488220 0 3488220 3450427 75000 75000 3375427 0 3375427 CENTURY CLUB 3760 3760 GOLF TOURNAMENT 17594 17594 21354 17594 3760 3760 X X 0 0 0 0 0 0 0 0 0 JOHN BARRY 0 143704 0 0 0 0 0 13947 0 10609 0 168260 0 0 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 9080000 258763 116898 1999 0 1 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 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 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 ON 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 DID NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY AS OF 12/31/10. HOWEVER, DURING 2010, THE ORGANIZATION DEVELOPED A CONFLICT OF INTEREST POLICY THAT WILL BE SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. UPON APPROVAL OF CONFLICT OF INTEREST POLICY, A COPY WILL ALSO BE AVAILABLE TO THE PUBLIC AT THE BUSINESS OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -116,111. 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 IS THE DIRECTOR OF FINANCE FOR SAINT ANTOINE RESIDENCE AND THE FRASSATI RESIDENCE. HE IS ONLY COMPENSATED BY SAINT ANTOINE RESIDENCE. 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. AS SUCH, A PORTION OF HIS COMPENSATION IS INCLUDED IN THE CALCULATION OF THE $75,000 OF BOOKKEEPING AND MANAGEMENT SERVICE CHARGE. IN 2010, 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 ROMAN CATHOLIC DIOCESE OF PROVIDENCE 1 CATHEDRAL SQUARE PROVIDENCE RI 02905 050258960 ROMAN CATHOLIC ORGANIZATION RI 501(C)(3) LINE 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0