2023-09-21T15:37:55-05:00 2022-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2022-01-01 050262584 SCANDINAVIAN HOME INC SCAN 4014611433 1811 BROAD STREET CRANSTON RI 02905 COLETTE SILVERMAN EXECUTIVE DIRECTOR 4014611433 2023-09-19 1 COLETTE SILVERMAN 999009999 0 MICHAEL E CRISCIONE P01456801 4014214800 2023-09-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCANDINAVIAN COMMUNITIES COLETTE SILVERMAN 1811 BROAD STREET CRANSTON RI 02905 12470602 0 X WWW.SCANDINAVIANCOMMUNITIES.ORG X 1930 RI TO PROVIDE A CONTINUUM OF EXCELLENT, COMPASSIONATE AND INNOVATIVE CARE TO ENABLE THOSE WE SERVE TO ATTAIN OPTIMAL WELLNESS AND QUALITY OF LIFE. 12 12 195 0 0 0 1975195 1332222 7922678 8257005 974285 363603 574237 -378822 11446395 9574008 0 0 0 0 5854965 6237152 0 0 0 4377002 4508126 10231967 10745278 1214428 -1171270 16033569 12534198 4532315 3887878 11501254 8646320 SCANDINAVIAN HOME, INC. OPERATES A 74 BED NURSING FACILITY AND A 35 UNIT ASSISTED LIVING FACILITY ADJACENT TO EACH OTHER. 0 0 7894969 6870817 SCANDINAVIAN HOME, INC. OPERATES A 74 BED NURSING FACILITY. 1549460 1386188 SCANDINAVIAN HOME, INC. OPERATES A 35 UNIT ASSISTED LIVING FACILITY. 9444429 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 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 0 0 1 0 0 0 1 6 0 1 195 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X COLETTE SILVERMAN 4014611433 1811 BROAD STREET CRANSTON RI 02905 PAUL SWANSON VP, PRESIDENT EFF. MAY 2022 4.00 X X 0 0 0 WAYNE KEZIRIAN DIRECTOR, VP EFF. MAY 2022 1.00 X X 0 0 0 THOMAS C PEARSON TREASURER 1.00 X X 0 0 0 MARGARET MOCK SECRETARY 1.00 X X 0 0 0 JULIE CARROCCIA DIRECTOR THROUGH MAY 2022 1.00 X 0 0 0 LEIF RESLOW PRESIDENT THROUGH MAY 2022 4.00 X X 0 0 0 JEAN LARKIN DIRECTOR 1.00 X 0 0 0 RONALD S OHSBERG DIRECTOR 1.00 X 0 0 0 PAUL CALITRI DIRECTOR 1.00 X 0 0 0 ALLEN R WATERS DIRECTOR 1.00 X 0 0 0 KATHERINE DESIMONE DIRECTOR 1.00 X 0 0 0 PATRICIA A THOMAS DIRECTOR 1.00 X 0 0 0 SAMANTHA MCCARTHY DIRECTOR EFF. MAY 2022 1.00 X 0 0 0 JOEL G JOHNSON DIRECTOR EFF. MAY 2022 1.00 X 0 0 0 CONSTANCE JAQUITH DIRECTOR OF FINANCE EFF. MARCH 2022 40.00 X 86119 0 9123 COLETTE SILVERMAN EXECUTIVE DIRECTOR 40.00 X 142905 0 3726 SUZANNE CESANA ADMINISTRATOR 40.00 X 125345 0 9988 HEATHER BEAUCHEMIN DIRECTOR OF NURSING 40.00 X 109705 0 10732 SUSAN INTOCCIA RN MANAGER- INFECTION CONTROL 40.00 X 101634 0 14434 565708 0 48003 4 0 0 0 UNIDINE 3 INTERNATIONAL DR 200 RYE BROOK NY 10573 DIETARY SERVICES 635679 MAS MEDICAL STAFFING 16 BROWN STREET NORTH PROVIDENCE RI 02904 PURCHASED NURSING SERVICES 503478 CARELINK 400 MASSASOIT AVE STE 113 EAST PROVIDENCE RI 02914 THERAPY SERVICES 305039 HEALTHCARE SERVICE GROUP 27 MERIDEN AVE 2ND FLOOR SOUTHINGTON CT 06489 HOUSEKEEPING SERVICES 222322 PHARMERICA 805 N WHITTINGTON PKWY LOUISVILLE KY 40222 PHARMACY SERVICES 130863 5 1165443 166779 1332222 NURSING HOME 623000 6870817 6870817 ASSISTED LIVING 623000 1386188 1386188 8257005 141533 141533 3118664 2896594 222070 222070 222070 MISCELLANEOUS 900099 17108 17108 LOSS ON EQUITY INVESTMENT 900099 -395930 -395930 -378822 9574008 7878183 0 363603 377206 377206 4790443 4437843 352600 84026 78482 5544 556079 493362 62717 429398 370393 59005 38039 38039 134395 134395 38133 38133 146208 146208 59582 59582 824637 824637 8723 8723 156307 156307 464142 464142 180767 180767 PURCHASED SERVICES/SUPP 1574660 1574660 FOOD 433882 433882 PROVIDER ASSESSMENT 359558 359558 OTHER EXPENSES 89093 61673 27420 10745278 9444429 1300849 0 941100 1141311 795580 567565 115941 104899 17331467 13538250 4219626 3793217 8761843 5628357 1199479 1298849 16033569 12534198 1152018 735973 3281527 3151905 98770 0 4532315 3887878 X 11420963 8456309 80291 190011 11501254 8646320 16033569 12534198 -1171270 -1683664 0 X X 0 1 X 1 0 X 164101 440036 169348 1975159 650966 3399610 8888904 9066775 8480856 7922678 8257005 42616218 9053005 9506811 8650204 9897837 8907971 46015828 0 0 0 46015828 178687 174148 146479 142336 141538 783188 178687 174148 146479 142336 141538 783188 -27894 360462 228848 574237 -378822 756831 9203798 10041421 9025531 10614410 8670687 47555847 0.96760 0.95310 0.01650 0.01680 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 35,387. 2019 AMOUNT: $ 35,004. 2020 AMOUNT: $ 80,673. 2021 AMOUNT: $ 58,129. 2022 AMOUNT: $ 17,108. PROFIT LOSS ON EQUITY INVESTMENT - 2018 AMOUNT: $ -72,356. 2019 AMOUNT: $ 326,479. 2020 AMOUNT: $ 148,175. 2021 AMOUNT: $ 516,108. 2022 AMOUNT: $ -395,930. FUNDRAISING EVENTS - 2018 AMOUNT: $ 9,075. 2019 AMOUNT: $ -1,021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8761843 786 -1358100 1776172 5628357 8719503 565 1242012 1200237 8761843 8277936 5657 1052369 616459 8719503 7820405 196026 1449676 1188171 8277936 8329510 -274105 235000 7820405 1.00000 0 0 321818 321818 4604462 4604462 0 9181121 6100233 3080888 3087179 2696684 390495 136887 136871 16 3793217 INVESTMENT IN JOINT VENTURE 803549 EMPLOYEE RETENTION TAX CREDIT 495300 1298849 X 7833649 -1683664 -18656 -1702320 9535969 38039 38039 9574008 10688583 0 10688583 38039 18656 56695 10745278 PART V, LINE 4: THE ENDOWMENT FUND IS TO BE USED AS SEED MONEY FOR NEW VENTURES, BUILDING RENOVATIONS AND TO SUPPLEMENT OPERATIONS. PART X, LINE 2: NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS SINCE THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS PROVIDED UNDER THE INTERNAL REVENUE CODE SECTION 501 (C)(3). THE INTERNAL REVENUE SERVICE HAS CLASSIFIED IT AS AN ORGANIZATION WHICH IS A PUBLIC CHARITY. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF INTEREST EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: MEMBERSHIP FEE EXPENSE -18,656. PART XII, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP FEE EXPENSE 18,656. A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 521300173 2013-04-01 5000000 CAPITAL INVESTMENT AND REFINANCE EXISTING DEBT 0 0 0 A 872336 4069033 61366 3453026 554641 2014 0 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3, PROCEEDS: TOTAL PROCEEDS OF ISSUE DO NOT MATCH THE ISSUE PRICE IN PART I DUE TO THE FUNDS BEING HELD BY RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP, AND HAVE NOT BEEN RELEASED TO SCANDINAVIAN HOME. FORM 990, PART VI, SECTION A, LINE 6 SCANDINAVIAN HOME IS ORGANIZED AS A NONPROFIT, NONSTOCK CORPORATION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ARE REFERRED TO AS 'FRIENDS OF THE CORPORATION', AND THEY ELECT ALL PERSONS ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE 'FRIENDS OF THE CORPORATION' MUST APPROVE ALL CHANGES TO THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND IS REVIEWED IN DETAIL AT ONE OF THE BOARD OF DIRECTORS' MEETINGS PRIOR TO THE FORM BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES INDIVIDUALS TO COMPLETE AND SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, AND REQUIRES MEMBERS OF THE BOARD TO RECUSE THEMSELVES IN ANY DISCUSSIONS AND VOTES ON ITEMS THAT MAY PRESENT A CONFLICT. IN ANY CASE WHERE A KEY STAFF MEMBER MAY HAVE A CONFLICT, THE ORGANIZATION REQUIRES MULTIPLE BIDS EVALUATED BY A SUPERVISOR OR THE BOARD OF DIRECTORS TO CONDUCT SUCH BUSINESS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS PART OF THE ORGANIZATION'S OVERALL BUDGET THAT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, AND IS SEPARATELY APPROVED BY THE FINANCE COMMITTEE AND DULY NOTED IN THE ORGANIZATION'S MINUTES, THE EXECUTIVE DIRECTOR RECEIVES AN ANNUAL EVALUATION, INCLUDING COMPENSATION REVIEW, FROM THE ORGANIZATION'S EXECUTIVE COMMITTEE. ALL COMPENSATION FOR KEY EMPLOYEES IS APPROVED BY THE EXECUTIVE DIRECTOR AND INCLUDED IN THE OPERATING BUDGET THAT IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE COMPENSATION IS REVIEWED AND APPROVED USING DATA AS COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE ANNUAL AUDIT. OCEAN STATE ASSISTED LIVING DBA THE SEASONS 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 050510787 ASSISTED LIVING FACILITY RI 501(C)(3) LINE 10 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OCEAN STATE ASSISTED LIVING DBA THE SEASONS D 1000000 ACTUAL AMOUNT OF GUARANTEE