2026-05-15T17:38:01-07:00 2025-06-30 990 2024-07-01 050435537 JM APARTMENTS JMAP 4016676502 15 LaSalle Square Providence RI 02903 Kevin Bickerstaff Director of Finance 4014447035 2026-05-15 1 2024 2025-03-06 01:10:19Z X Michael Dawson 15 LaSalle Square Providence RI 02903 156288 0 X www.gatewayhealth.org X 2007 RI JM Apartments (JM) is organized for charitable purposes to provide physically and mentally impaired persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs. 8 7 0 7 0 0 74936 119979 39156 34590 29 313 1062 1406 115183 156288 0 0 0 0 0 0 0 0 0 207871 219375 207871 219375 -92688 -63087 1122692 1080050 2525051 2545496 -1402359 -1465446 JM Apartments (JM) is organized for charitable purposes to provide physically and mentally impaired persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs. 0 0 170417 34590 To provide low-income housing and access to support services to people with physical and psychological challenges. JM has a total of 10 units in two locations in Central Falls, Rhode Island: 5 units located at 5-7 Echo Street and 5 units located at 135-137 Liberty Street. The occupancy rate was 86% during the fiscal year covered in this return. There were 500 vacant days among the 10 units during the fiscal year covered in this return. The waiting list as of 6/30/25 consisted of 35 individuals. 0 0 0 170417 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 X 8 7 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 RI X Michael Dawson 4014442648 15 LaSalle Square Providence RI 02903 X Henry Sachs III President 1 54 X X 0 563221 49367 Scott DiChristofero Former Officer 0 0 X 0 175943 12087 Jay Burdick Director 0.05 0.45 X 0 0 0 Nicole M Corbin Secretary 0.05 0.45 X X 0 0 0 Michael Hogan Director 0.05 0.45 X 0 0 0 Pamela S LaBreche Vice Chair 0.1 0.9 X X 0 0 0 Robert Mancini Chair 0.05 0.45 X X 0 0 0 Jospeh K Sabetta Treasurer 0.05 0.45 X X 0 0 0 David White Director 0.1 0.9 X 0 0 0 0 739164 61454 0 1 1 0 0 0 0 0 0 119979 0 0 119979 Client Rent 531110 34590 34590 0 0 0 0 0 0 34590 313 0 0 313 0 0 0 0 0 0 0 0 0 0 0 0 0 Air Conditioning 900099 842 0 0 842 Miscellaneous 900099 564 0 0 564 0 0 0 0 1406 156288 34590 0 1719 36804 36804 12154 12154 41098 41098 5924 5924 72940 72940 1344 1344 Other Purchased Services 47300 47300 0 0 Repairs and Maintenance 1811 1811 0 0 219375 170417 48958 0 11226 28530 58311 72402 1219 1045 3497 3497 2168078 1196585 1044433 971493 4006 3083 1122692 1080050 332748 348192 4006 3083 2188297 2194221 2525051 2545496 X -1402359 -1465446 0 0 -1402359 -1465446 1122692 1080050 -63087 0 0 0 0 0 X X 0 1 X 1 1 1 X 77665 78327 66676 74936 119979 417583 34495 32715 35973 39156 34590 176929 112160 111042 102649 114092 154569 594512 1014 1095 2987 3225 2204 10525 1014 1095 2987 3225 2204 10525 583987 32 30 32 28 313 435 32 30 32 28 313 435 2739 1309 11887 1062 1406 18403 114931 112381 114568 115182 156288 613350 0.95213 0.9498 0.00071 0.0003 X Schedule A, Part III, Line 12 Air Conditioning- 2020 Amount: $1,301 2021 Amount: $946 2022 Amount: $1,062 2023 Amount: $1,062 2024 Amount: $842 Client Damage Reimbursement- 2020 Amount: $1,438 2021 Amount: $363 2022 Amount: $9,882 2024 Amount: $450 Other Income- 2022 Amount: $943 2024 Amount: $114 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 4006 2 924 3084 1 X 0 101666 101666 0 2049854 1181516 868338 0 0 0 0 0 16558 15069 1489 0 0 0 0 971493 0 Refundable Advances 1899004 Due to Affiliates 295217 2194221 X 156288 0 0 0 0 0 156288 0 0 0 156288 219375 0 0 0 0 0 219375 0 0 0 219375 Schedule D, Part IV, Line 1b JM has a tenant security deposit interest-bearing savings account to maintain escrow deposits paid by clients on the move-in date, with a corresponding liability recorded. Clients will be paid back the deposit plus interest earned unless rent is owed or damages are incurred upon the move-out date. Schedule D, Part IV, Line 2b JM has a tenant security deposit interest-bearing savings account to maintain escrow deposits paid by clients on the move-in date, with a corresponding liability recorded. Clients will be paid back the deposit plus interest earned unless rent is owed or damages are incurred upon the move-out date. Schedule D, Part X, Line 2 JM is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. JM is also exempt from Rhode Island income taxes. However, income from certain activities not directly related to JM's tax-exempt purpose may be subject to taxation as unrelated business income at both the Federal and state levels. JM qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Section 509(a)(2). JM recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount of benefit that is greater than fifty percent likely to be realized upon settlement. Changes in measurement are reflected in the period in which the change in judgment occurs. JM did not recognize the effect of any income tax positions in the year ended June 30, 2025. JM's information returns are subject to examination by Federal and state taxing authorities. There are currently no examinations pending or in progress. 1 1 0 0 0 0 0 0 0 Henry Sachs III President 0 483379 0 0 0 79842 0 20651 0 28716 0 612588 0 59524 Scott DiChristofero Former Officer 0 0 0 0 0 175943 0 0 0 12087 0 188030 0 0 Schedule J, Part I, Line 3 Compensation of the JM President is determined by the Compensation Committee of Brown University Health. This committee's determination process utilizes a combination of an independent compensation consultant, written employment contracts, and compensation studies/surveys, along with approval by the Brown University Health Board of Directors. Schedule J, Part I, Line 4 Line 4a: The following individual received severance and/or change of control payments during the calendar year ending December 31, 2024: Scott DiChristofero, Former Officer: $173,077. Line 4b: Brown University Health, the sole member of Gateway, which is the sole member of JM, offers a non-qualified supplemental employee retirement plan to certain executives. The following individual was credited with the amount indicated during calendar year 2024 and such amount is included in deferred compensation on Schedule J, Part II, Column C: Henry Sachs - $2,986. In 2024, the following individual became vested in and was paid a 2021 non-qualified supplemental employee retirement plan (SERP) amount and such amount is included in Medicare wages, more specifically on Schedule J, Part II, Column B(iii): Henry Sachs - $59,524. Participants included in Brown University Health's SERP are awarded plan contributions on a quarterly basis. Contributions and interest earned during a plan year vest after three years and are paid to plan participants at that time. SERP payments earned during the calendar year which have not yet vested are disclosed on Schedule J, Part II, Column C. Vested SERP payments received during the year are disclosed on Schedule J, Part II, Column B(iii) (as well as Column F if reported on Schedule J, Part II, Column C of a previously filed Form 990). Plan contributions awarded to participants who have reached age 62 become vested as of the beginning of the following calendar year. Schedule J, Part I, Line 7 The Brown University Health Annual Incentive Compensation Plan provides a financial award opportunity for designated members of management, based on quantified objectives that are approved in advance by the Compensation Committee of the Brown University Health Board of Directors. A specified level of financial and non-financial performance must be met before any award is earned. The objectives vary from year to year and generally include various aspects of financial measures in addition to non-financial performance measures. Form 990, Part VI, Section A, Line 3 All management duties such as tenant screening, fiscal management, janitorial, and facilities management are contracted for with JM's sole member, Gateway Healthcare, Inc. (Gateway). Form 990, Part VI, Section A, Line 6 Gateway is the sole member of JM. Effective July 1, 2013, Brown University Health (formerly Lifespan) became the sole member of Gateway. Form 990, Part VI, Section A, Line 7a The bylaws of JM confer certain reserved powers upon Brown University Health (Brown Health) to provide it with the means of effective oversight, coordination, and support of the system. Powers reserved to Brown Health include: to elect and remove trustees and to approve the election of and removal of certain officers. At each annual meeting of JM's Board of Trustees, a list is compiled of the names of those persons selected to serve as Trustees of JM so that it can be approved and submitted to Brown Health for ratification and election. Form 990, Part VI, Section A, Line 7b Brown Health has the responsibility for planning, directing, and establishing policies intended to assure the development and delivery of quality health services on an integrated, cost-effective basis. Powers reserved to Brown Health, in addition to those noted above, include: to approve amendment of the Articles of Incorporation and Bylaws and other charter documents; to approve strategic plans; to approve investment policies and any capital or operating budgets or material non-budgeted expenditures; and to authorize incurrence or guaranty of material indebtedness. Form 990, Part VI, Section B, Line 11b The preparation and filing of the Form 990 and supporting schedules is the responsibility of the Chief Financial Officer (CFO) of Gateway Healthcare, Inc. and Related Entities. Preparation of the Form 990 is completed by the Brown Health Finance Department and overseen by the Manager of Tax Compliance upon completion of JM's annual independent financial statement audit. A draft of the Form 990 is then provided to the Brown Health Director of Finance and Gateway CFO for final management review. Prior to filing Form 990 with the Internal Revenue Service, the Gateway CFO provides an electronic copy of the tax return to the Gateway Board (the Board) and reviews the highlights of the organization for the year covered. Questions and comments from the Board to the Gateway CFO are then addressed prior to filing of the tax return. The Form 990 is then finalized to include any modifications based on comments from the Board, and the Gateway CFO is authorized to file the Form 990. Form 990, Part VI, Section B, Line 12c Brown Health has a Conflict-of-Interest Policy is administered by the Corporate Compliance Department as follows: Each designated person subject to Brown Health's conflict of interest policy is required to provide Brown Health with an initial disclosure statement and thereafter an annual statement: (i) attesting that the designated person has read and is familiar with this policy, and (ii) either attesting that the designated person and, to the best of his/her knowledge, family members, have not in the past engaged in, are not presently engaging in, or plan to engage in, any activity which constitutes a conflict or potential conflict of interest or disclosing any such conflict or potential conflict of interest, in which latter case, the Corporate Compliance Department, through a Conflict of Interest Committee, reviews the situation and oversees any necessary mitigation measure required to eliminate or ameliorate the conflict of interest. Further, if at any time during employment or association, a designated person has reason to believe that a new or contemplated activity constitutes a conflict of interest, the designated person is required to update their conflict of interest disclosure statement which will then be reviewed by the Corporate Compliance Department in consultation with the Conflict of Interest Committee and mitigation measures taken as appropriate. This requirement is acknowledged as part of the annual performance evaluation process. If the activity in question involves the Chief Executive Officer a determination is also sought from the Chairman of the Board of Directors of Brown Health. Annually, the Brown Health Compliance Officer reviews and reports to the Brown Health Executive Corporate Compliance Committee, the Brown Health Governance and Nominating Committee and to the Brown Health Audit and Compliance Committee on the administration of this policy. Failure on the part of any designated person to comply with this policy, including failure to submit in a timely fashion the conflict-of-interest disclosure statement or updates as required, may result in removal from their position and/or termination of their employment with Brown Health. Form 990, Part VI, Section B, Line 15 EXECUTIVE COMPENSATION Brown Health's executive compensation philosophy balances appropriate stewardship of resources and the need to be competitive in recruiting and retaining talented individuals. It incorporates market-competitive and performance-related principles, and covers the President and CEO of Brown Health as well as other officers, senior management, and key employees. Brown Health's executive compensation program complies both with law and with contemporary ethical norms, and is administered consistent with the organization's tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (IRC) and the avoidance of transactions subject to intermediate sanctions under Section 4958 of the IRC. Executive compensation is also administered consistent with Brown Health's Corporate Compliance Policy on Excess Benefit Transactions. The Compensation Committee of the Brown Health Board of Directors (the Committee), comprised of disinterested Brown Health Board members, is responsible for diligent oversight of executive compensation to ensure compliance with IRC requirements. Its duties include: * Approving eligibility for participation in the executive compensation program * Approving changes in compensation for existing executive participants * Approving guidelines, such as salary ranges and contract terms, on appropriate levels of compensation for other key employees * Approving new, and modifying or terminating existing, executive compensation plans including, but not limited to, annual incentive and executive benefit plans * Approving performance objectives associated with Brown Health's annual incentive plan, including measuring points, and using verified actual performance relative to these objectives as a precondition to approving the payment of any awards under the plan * Authorizing periodic performance benchmark studies to be conducted for purposes of assessing Brown Health's performance within the healthcare industry and the degree to which total remuneration levels at Brown Health are generally commensurate with Brown Health performance relative to healthcare industry performance * Conducting an annual performance review of Brown Health's Chief Executive Officer. The Chair of the Committee conducts and documents this review, based on his/her observations and interpretation of feedback from members of the Board of Directors. * Selecting and engaging qualified, independent, third-party compensation valuation consultants that the Committee charges with rendering opinions with respect to the reasonableness and comparability of compensation as well as the comparative organizations against which compensation is assessed, in accordance with relevant sections of the IRC and Brown Health's executive compensation philosophy. Brown Health's Chief Executive Officer works closely with the Committee to make recommendations on the above topics and keep the Committee informed about contemplated compensation changes for executives and other key employees, as well as candidates for these roles. The CEO also provides periodic updates to the Committee regarding Brown Health's performance relative to compensation-related performance objectives. The Committee's deliberations and actions are documented in minutes prepared for each meeting. PROCESS FOR DETERMINING COMPENSATION Valuation of Total Cash and Total Remuneration: No less frequently than annually, the Committee receives and reviews a total cash compensation valuation of all existing executive compensation program participants prepared by its independent compensation consultant. Annually, the Committee also receives and reviews a total remuneration valuation of all existing executive compensation participants. Base Salary Actions: The CEO recommends any salary adjustments for participants in the executive compensation program, using the results of the valuation study and his/her assessment of individual performance or other pertinent information, for the Committee's consideration. New Participants in Executive Compensation Program: With respect to compensation offers for individuals expected to participate in the executive compensation program, certain members of the Brown Health CEO's Council work with the Committee's independent compensation consultant or rely on information previously provided by the consultant to establish a range of reasonable cash compensation within which recruitment is expected to conclude with acceptance of a reasonable compensation offer. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy, audited financial statements, and Form 990 returns available upon request. The organization will furnish copies of same to those who come to Gateway's administrative offices during normal business hours or who request a copy by U.S. mail. Form 990, Part VII, Section A, Line 1a Scott W. DiChristofero Scott W. DiChristofero served as CFO of Gateway Healthcare, Inc. and was President of JM Apartments through October 23, 2023. The calendar year 2024 compensation reported in this return is reflective of amounts earned in those roles. Henry T. Sachs III, MD Henry T. Sachs III, MD, became President of JM Apartments, Inc. effective October 29, 2023. Dr. Sachs also serves as President and Chief Medical Officer of EPBH, as well as the President of Lifespan School Solutions, Inc., Bradley Hospital Foundation (BHF), and Gateway Healthcare, Inc. As a full-time employee he devotes 40+ hours per week to these organizations. The compensation reported in this return was paid by Brown University Health. Form 990, Part XII, Line 2b While JM Apartments, Inc. produced its own audited financial statement as of and for the fiscal year ended June 30, 2025, it was also included in the Gateway Healthcare, Inc. and Related Entities' audited consolidated financial statements as of and for the fiscal year ended September 30, 2025. These consolidated financial statements included the financial activity of Gateway Healthcare, Inc., Pathways, Inc., Mill River Community Housing Corporation, Obed Apartments, Inc., Wentworth Corporation, L.J.R. Corporation, TLR Realty, JM Apartments, Inc., Shore Courts, Inc., Westerly Courts, Inc., Bayberry Courts, Inc., Alternative Living Concepts, Inc., d/b/a Human Services Realty, Inc., Families Reaching into Each New Day, Inc., d/b/a FRIENDS Way, The Autism Project, and Capital City Community Centers, Inc. The Brown Health Audit and Compliance Committee assumes responsibility for oversight of the audit of Gateway's consolidated financial statements and the selection of Brown Health's independent accountant. Alternative Living Concepts Inc 15 LaSalle Square Providence RI 02903 050442015 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Bayberry Courts Inc 15 LaSalle Square Providence RI 02903 204590384 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Bradley Hospital Foundation 15 LaSalle Square Providence RI 02903 050500688 Philanthropic Activities RI 3 7 Brown University Health 0 Brown Health Medical Group 15 LaSalle Square Providence RI 02903 050389801 Physician Health Care Services RI 3 10 Brown University Health 0 Brown Health Medical Group of Massachusetts Inc 15 LaSalle Square Providence RI 02903 331237732 Physician Health Care Services MA 3 10 Brown University Health 0 Brown Health Medical Group Primary Care 15 LaSalle Square Providence RI 02903 844944884 Physician Health Care Services RI 3 10 Brown University Health 0 Brown University Health 15 LaSalle Square Providence RI 02903 222861978 Holding Company/Mgmnt Svcs RI 3 13 N/A 0 Brown University Health Foundation 15 LaSalle Square Providence RI 02903 050493219 Philanthropic Activities RI 3 7 Brown University Health 0 Brown University Health Massachusetts 15 LaSalle Square Providence RI 02903 043408517 Holding Company RI 3 13 Brown University Health 0 Capital City Community Centers Inc 15 LaSalle Square Providence RI 02903 050259090 Daycare Services RI 3 7 Gateway Healthcare Inc 0 Emma Pendleton Bradley Hospital 1011 Veterans Memorial Parkeay East Providence RI 02915 050258806 Pediatric Psychiatric Health Care Svcs. RI 3 3 Brown University Health 0 Families Reaching Into Each New Day Inc 15 LaSalle Square Providence RI 02903 050504841 Bereavement Services for Children RI 3 7 Gateway Healthcare Inc 0 Gateway Healthcare Inc 15 LaSalle Square Providence RI 02903 050309043 Subst. Abuse & Pysch. Health Care Svcs. RI 3 10 Brown University Health 0 Hospital Properties Inc 15 LaSalle Square Providence RI 02903 222869743 Property Management RI 4 Brown University Health 0 LJR Corporation 15 LaSalle Square Providence RI 02903 030508346 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Mill River Community Housing Corporation 15 LaSalle Square Providence RI 02903 050427152 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Morton Hospital 88 Washington Street Taunton MA 02780 994836263 Health Care Services MA 3 3 Brown University Health 0 Newport Health Care Corporation 11 Friendship Street Newport RI 02840 222535537 Holding Company/Mgmnt Svcs RI 3 7 Brown University Health 0 Newport Health Property Management 11 Friendship Street Newport RI 02840 222335539 Property Management RI 3 12 Newport Health Care Corporation 0 Newport Hospital 11 Friendship Street Newport RI 02840 050258914 Health Care Services RI 3 3 Brown University Health 0 Newport Hospital Foundation Inc 11 Friendship Street Newport RI 02840 222535533 Philanthropic Activities RI 3 7 Brown University Health 0 NHCC Medical Associates Inc 11 Friendship Street Newport RI 02840 050472268 Health Care Services RI 3 10 Brown University Health 0 Obed Apartments 15 LaSalle Square Providence RI 02903 050422771 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Pathways Inc 15 LaSalle Square Providence RI 02903 050393004 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Rhode Island Hospital 593 Eddy Street Providence RI 02903 050258954 Health Care Services RI 3 3 Brown University Health 0 Rhode Island Hospital Foundation 15 LaSalle Square Providence RI 02903 050468736 Philanthropic Activities RI 3 7 Brown University Health 0 RIH Ventures 593 Eddy Street Providence RI 02903 050448686 Parking Facilities/Phlebotomy Svcs RI 3 10 Brown University Health 0 Saint Annes Hospital 795 Middle Street Fall River MA 02721 994841947 Health Care Services MA 3 3 Brown University Health 0 Shore Courts 15 LaSalle Square Providence RI 02903 050504003 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 The Autism Project 1516 Atwood Avenue Johnston RI 02919 050512037 Services for Children with Autism RI 3 10 Gateway Healthcare Inc 0 The Bradley Schools 140 Broadway Providence RI 02903 464910847 Educational Services RI 3 2 Emma Pendleton Bradley Hospital 0 The Miriam Hospital 164 Summit Avenue Providence RI 02906 050258905 Health Care Services RI 3 3 Brown University Health 0 The Miriam Hospital Foundation 15 LaSalle Square Providence RI 02903 050377502 Philanthropic Activities RI 3 7 Brown University Health 0 TLR Realty 15 LaSalle Square Providence RI 02903 043742771 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Wentworth Corporation 15 LaSalle Square Providence RI 02903 050488520 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Westerly Courts Inc 15 LaSalle Square Providence RI 02903 611439766 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Brown University Health Alliance LLC 15 LaSalle Square Providence RI 02903 812732225 Accountable Care Organization RI N/A 0 0 0 0 0 0 Brown University Health MSO Inc 15 LaSalle Square Providence RI 02903 050508717 Management Services RI N/A C 0 0 0 0 Brown University Health Risk Services 15 LaSalle Square Providence RI 02903 050459767 Risk Management RI N/A C 0 0 0 0 Brown University Health Home Medical 15 LaSalle Square Providence RI 02903 040472710 DME Sales RI N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0