2024-08-15T09:05:16-05:00 2023-09-30 111986323 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06511 990 2022-10-01 223068632 LIVEWELL ALLIANCE INC LIVE 8606289000 1261 S MAIN STREET PLANTSVILLE CT 06479 MICHAEL SMITH PRESIDENT AND CEO 8606289000 2024-08-14 1 1 MARY ANTONETTI P00431862 2037819600 2024-08-14 2022 2024-08-08 14:25:15Z MICHAEL SMITH 1261 S MAIN STREET PLANTSVILLE CT 06479 25068438 0 X WWW.LIVEWELL.ORG X 1990 CT THE ORGANIZATION OFFERS EDUCATION, PROGRAMS, SUPPORTS, POST-DIAGNOSTIC PLANNING, AND RESIDENTIAL OFFERINGS INCLUDING SKILLED NURSING AND ASSISTED LIVING FOR PEOPLE LIVING WITH DEMENTIA, THEIR CARE PARTNERS, AND PEOPLE LOOKING TO PREVENT COGNITIVE CHANGE. IT ALSO CONDUCTS RESEARCH AND ADVOCACY RELATED TO CHAMPIONING A MOVEMENT OF REDEFINING LIFE WITH DEMENTIA. 6 6 266 6 0 0 630734 162147 19595287 15163142 399044 441338 68120 202842 20693185 15969469 0 0 0 0 14101785 13308375 0 0 0 5161448 5250311 19263233 18558686 1429952 -2589217 28866757 55251010 22222400 50840388 6644357 4410622 X THE ORGANIZATION OFFERS EDUCATION, PROGRAMS, SUPPORTS, POST-DIAGNOSTIC PLANNING, AND RESIDENTIAL OFFERINGS INCLUDING SKILLED NURSING AND ASSISTED LIVING FOR PEOPLE LIVING WITH DEMENTIA, THEIR CARE PARTNERS, AND PEOPLE LOOKING TO PREVENT COGNITIVE CHANGE. IT ALSO CONDUCTS RESEARCH AND ADVOCACY RELATED TO CHAMPIONING A MOVEMENT OF REDEFINING LIFE WITH DEMENTIA. 0 0 12173012 13405123 THE ORGANIZATION PROVIDED PATIENT CARE SERVICES TO NUMEROUS RESIDENTS, DURING THE YEAR ENDED SEPTEMBER 30, 2023 THROUGH ITS SKILLED NURSING FACILITY. THEY ALSO, PROVIDED EDUCATION, COUNSELING AND RESEARCH PROGRAMS FOR INDIVIDUALS AND FAMILIES IMPACTED BY DEMENTIA AND MADE EDUCATION AND RESOURCES TO THE COMMUNITY AND TO PROFESSIONAL PROVIDERS WHO SERVE INDIVIDUALS WITH DEMENTIA. 1754938 1919895 THE ORGANIZATION PROVIDED ASSISTED LIVING SERVICES TO RESIDENTS THROUGH ITS ASSISTED LIVING CENTER. THE ASSISTED LIVING COMMUNITY IS EXCLUSIVELY FOR INDIVIDUALS LIVING WITH DEMENTIA. IT OFFERS A STIMULATING, RESPECTFUL AND SECURE ENVIRONMENT THAT PROMOTES AUTONOMY, CONNECTION, DIGNITY, MEANING, GROWTH AND JOY. 103208 40966 CENTER FOR RESILIENT LIVING (CRL) PROGRAMS PROVIDE EDUCATION, SOCIAL CONNECTION, AND PROACTIVE STRATEGIES TO EMPOWER PARTICIPANTS TO TAKE AN ACTIVE ROLE IN THEIR WELLBEING. OFFERINGS ARE DESIGNED FOR, AND WITH PEOPLE NAVIGATING COGNITIVE CHANGE AND OPEN TO ANYONE INTERESTED IN IMPROVING THEIR HEALTH AND WELLBEING. 14031158 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 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 0 0 0 0 1 42 0 1 266 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X MICHAEL SMITH 8606289000 1261 S MAIN STREET PLANTSVILLE CT 06479 JULIE THOMPSON ROBISON PHD SECRETARY 1.00 X X 0 0 0 MICHAEL LENKIEWICZ PRESIDENT/TREASURER 1.00 X X 0 0 0 ELIZABETH REESE DIRECTOR (EXIT AS OF 5/30/23) 1.00 X 0 0 0 SARA TINNESZ DIRECTOR 1.00 X 0 0 0 NANCY CREEL DIRECTOR (AS OF 3/7/23) 1.00 X 0 0 0 THOMAS HARTE DIRECTOR (AS OF 3/7/23) 1.00 X 0 0 0 LISA FEKETE DIRECTOR (AS OF 3/7/23) 1.00 X 0 0 0 MICHAEL SMITH PRESIDENT/CEO 40.00 X 380400 0 58260 JENNIFER TERRAY DIRECTOR OF NURSING SERVICES 40.00 X 123430 0 13056 HEIDI GILL CHIEF STRATEGY OFFICER 40.00 X 209969 0 15273 MALEY HUNT VP/COO RESIDENTIAL 40.00 X 164807 0 24813 RITA BERGSTRAND DIRECTOR OF NURSING SERVICES 40.00 X 109147 0 11203 ANNE MCCARTY VP OF HUMAN RESOURCES 40.00 X 109165 0 40567 1096918 0 163172 6 0 1 0 HPC FOOD SERVICE PO BOX 150473 HARTFORD CT 06115 FOOD DISTRIBUTION 402243 ADAMS & KNIGHT INC 80 AVON MEADOW LANE AVON CT 06001 ADVERTISING AND MARKETING 359103 CONNECTICUT COMPUTER SERVICES INC 101 EAST SUMMER STREET PLANTSVILLE CT 06479 SOFTWARE/HARDWARE COMPUTER MAINTENANCE 306115 H&H LINEN SERVICES INC 60 BELAMOSE AVE UNIT A10 ROCKY HILL CT 060673773 LAUNDRY 170461 SECURITY SERVICES OF CONNECTICUT PO BOX 135 BRATTLEBORO VT 053020135 SECURITY SERVICES 119532 10 162147 162147 SKILLED NURSING 623000 13202281 13202281 ASSISTED LIVING 623000 1919895 1919895 CRL CENTER FOR RESILIENT LIVING 623000 40966 40966 15163142 288500 288500 9251807 9098969 152838 152838 152838 MISCELLANEOUS 623000 183979 183979 CABLE/TV/PHONE 623000 13396 13396 BARBER/BEAUTY 623000 5467 5467 202842 15969469 15365984 0 441338 459704 344778 114926 10362177 8450839 1911338 332749 251069 81680 1378989 1044227 334762 774756 584423 190333 14569 10990 3579 98452 76088 22364 183985 83012 100973 500083 26920 473163 347341 45718 301623 270605 14043 256562 613298 462630 150668 2037 304 1733 41789 16764 25025 1150426 867802 282624 429208 323765 105443 140006 105611 34395 DIETARY 481794 481794 PATIENT/MED SUPPLIES 440906 426964 13942 PROVIDER FEE 374200 373960 240 BAD DEBT EXPENSE 98003 98003 63609 39457 24152 18558686 14031158 4527528 0 3393555 913908 612937 299488 13215 20785 128408 172986 56118735 16173681 11684093 39945054 13034549 13898789 28866757 55251010 1886010 2266259 428820 149635 19830631 48393798 76939 30696 22222400 50840388 X 6644357 4410622 6644357 4410622 28866757 55251010 -2589217 356257 -775 0 X 0 1 X 1 0 X 607529 1214398 3857735 630734 162147 6472543 17299509 17525009 17754081 19595287 15163142 87337028 17907038 18739407 21611816 20226021 15325289 93809571 0 403070 211910 416839 1546440 2578259 403070 211910 416839 1546440 2578259 91231312 139180 445346 269671 165711 288500 1308408 139180 445346 269671 165711 288500 1308408 27546 40848 93746 68120 202842 433102 18073764 19225601 21975233 20459852 15816631 95551081 0.95480 0.97490 0.01370 0.01150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1645529 1645529 49398767 13016086 36382681 888238 861566 26672 4091289 2201117 1890172 94912 94912 0 39945054 DUE FROM AFFILIATE 200170 CASH AND CASH EQUIVALENTS - OPERATING RESERVE 609052 INVESTMENTS - OPERATING RESERVE 5848115 DEBT SERVICE RESERVE FUND 1011578 BOND ESCROW AND PROJECT CONSTRUCTION FUNDS 6229874 13898789 X 16325726 356257 356257 15969469 0 15969469 0 0 0 0 0 PART IV, LINE 2B: AS A SERVICE TO ITS RESIDENTS, LIVEWELL MAINTAINS CUSTODY OVER CASH BELONGING TO ITS RESIDENTS. SUCH AMOUNTS TOTALED $30,696 AND $76,939 AS OF SEPTEMBER 30, 2023 AND 2022, RESPECTIVELY. PART X, LINE 2: LIVEWELL IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES ON EXEMPT FUNCTION INCOME AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. LIVEWELL ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH CERTAIN PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR CONSOLIDATED FINANCIAL STATEMENTS. LIVEWELL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. LIVEWELL DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AS OF SEPTEMBER 30, 2023. LIVEWELL RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS WITHIN OTHER EXPENSES. AS OF SEPTEMBER 30, 2023 AND 2022, LIVEWELL DID NOT RECORD ANY PENALTIES OR INTEREST ASSOCIATED WITH UNCERTAIN TAX POSITIONS. LIVEWELL'S PRIOR THREE TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THERE ARE CURRENTLY NO EXAMINATIONS PENDING OR IN PROGRESS. X X X 0 0 0 0 0 0 0 0 0 MICHAEL SMITH PRESIDENT/CEO 314900 0 65500 0 0 0 14500 0 43760 0 438660 0 0 0 HEIDI GILL CHIEF STRATEGY OFFICER 209969 0 0 0 0 0 4386 0 10887 0 225242 0 0 0 MALEY HUNT VP/COO RESIDENTIAL 164807 0 0 0 0 0 5635 0 19178 0 189620 0 0 0 A CONNECTICUT HEALTH AND EDUCATION FACILITIES AUTHORITY 060806186 20775DTW2 2022-06-30 81600000 RETIRE PREVIOUS BONDS/FUND PROJECT CONSTRUCTION 0 0 0 A 81600000 1011578 4645805 633200 33934830 9144587 32230000 1 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 TOTAL PROCEEDS OF THE 2022 ISSUE IS $81,600,000. AT JUNE 30, 2022, $17,800,000 LESS THE AMOUNT OF BONDS REFINANCED WERE DRAWN DOWN. AS OF SEPTEMBER 2023, ADDITIONAL DRAW DOWNS OF $31.57 MILLION WERE MADE. THE REMAINING FUNDS ARE AVAILABLE TO BE DRAWN DOWN. SCHEDULE K PART II LINE 4 FOR THE 2022 BOND, FORM 8038 ALLOCATES UP TO $4,814,400 TO BE REASONABLY REQUIRED RESERVE OR REPLACEMENT FUND ONCE THE FULL AMOUNT OF THE FUNDS ARE DRAWN DOWN. IN JUNE 2022, $17,800,000 WAS DRAWN DOWN AND $1,000,000 HAS BEEN PLACED IN REPLACEMENT RESERVE. AS OF SEPTEMBER 30, 2023, $1,011,578 HAS BEEN PLACED IN REPLACEMENT RESERVES. PART II LINE 7 FOR THE 2022 BOND, FORM 8038 ALLOCATES UP TO $1,632,000 FOR BOND ISSUANCE COSTS ONCE THE FULL AMOUNT OF THE FUNDS ARE DRAW DOWN. IN JUNE 2022, $17,800,000 WAS DRAW DOWN AND $353,200 WAS USED FOR BOND ISSUANCE COSTS. AS OF SEPTEMBER 30, 2023, $49.37 MILLION WERE DRAWN DOWN AND $633,200 USED FOR BOND ISSUANCE COSTS. PART II LINE 10 CAPITAL EXPENDITURES FROM THE DRAW DOWNS WERE $4,974,911 AND $28,959,919 IN FY22 AND FY23, RESPECTIVELY. PART II LINE 11 THE SPENT PROCEEDS FOR THE 2022 BOND WERE USED TO REFUND TAX-EXEMPT BONDS DATED NOVEMBER 1, 2017. PART II LINE 12 AT SEPTEMBER 30, 2023, $4,645,805 WAS DRAWN DOWN ON THE 2022 BOND AND NOT SPENT AT YEAR END BUT WILL BE USED FOR CAPITAL IMPROVEMENTS. THE REMAINING FUNDS ARE AVAILABLE FOR DRAW DOWN AT YEAR END. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE FINANCE AND AUDIT COMMITTEE AND PRESIDENT & CEO. IT IS THEN PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL MEMBERS OF THE BOARD OF DIRECTORS TO SIGN THE CONFLICT OF INTEREST POLICY. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES, IT MUST BE DISCLOSED TO THE BOARD. IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT, THE INDIVIDUAL WOULD RECUSE THEMSELVES ON ANY DISCUSSION ON THE MATTER. THE CEO/PRESIDENT AND THE DIRECTOR OF SPECIAL PROJECTS REVIEWS THE CONFLICT OF INTEREST QUESTIONNAIRES. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: A COMMITTEE OF THE BOARD WORKS WITH THE PRESIDENT/CEO TO DEVELOP A REALISTIC AND MEASURABLE SET OF GOALS AND OBJECTIVES FOR THE UPCOMING REVIEW PERIOD. THESE GOALS AND OBJECTIVES ARE LINKED DIRECTLY TO THE MAJOR COMPONENTS OF THE ORGANIZATION'S STRATEGIC PLAN. AT THE END OF THE PERFORMANCE EVALUATION PERIOD, THE COMMITTEE WILL MEET WITH THE PRESIDENT/CEO TO REVIEW PERFORMANCE AGAINST THESE OBJECTIVES. THE COMMITTEE PREPARES A REPORT TO THE BOARD THAT WILL INCLUDE: 1) A NARRATIVE REVIEW OF THE PRESIDENT/CEO PERFORMANCE; 2) MEASUREMENT (IN QUANTITATIVE TERMS) OF ACTUAL PERFORMANCE COMPARED WITH PLAN OBJECTIVES; AND 3) RECOMMENDATIONS FOR ANNUAL SALARY ADJUSTMENTS, AS WELL AS YEAR-END PERFORMANCE ACHIEVEMENT PAYMENTS. THE COMMITTEE THEN PRESENTS ITS REPORT TO THE BOARD FOR CONSIDERATION AND ACTION. DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2022, THIS PROCESS OCCURRED IN DECEMBER 2021. LINE 15B: EACH YEAR THE ORGANIZATION COMPARES AND ANALYZES AVERAGE AND STARTING WAGE RATES WITH COMPARABLE POSITIONS IN OTHER NOT-FOR PROFIT SKILLED NURSING, ASSISTED LIVING AND CENTER FOR RESILIANT LIVING. THE ORGANIZATION'S PHILOSOPHY RELATED TO DETERMINING COMPENSATION AND BENEFITS IS TO STRIVE TO: 1. CREATE COMPENSATION LEVELS AND OFFER BENEFITS THAT ARE AFFORDABLE TO THE ORGANIZATION. 2. CREATE COMPENSATION AND BENEFITS AT LEVELS THAT ARE ABOVE AVERAGE OR EQUAL TO THE AVERAGE COMPENSATION AT OTHER COMPARABLE ORGANIZATIONS. 3. BE MINDFUL AND RESPONSIVE TO COMPETITIVE PRESSURES IN THE MARKETPLACE RELATED TO SALARY AND BENEFIT EXPECTATIONS. 4. CREATE LEVELS OF COMPENSATION THAT REFLECT OR ACCOUNT FOR THE YEARS OF SERVICE THAT EMPLOYEES HAVE WITH THE ORGANIZATION. 5. ALLOW FOR FINANCIAL FLEXIBILITY IN DETERMINING COMPENSATION TO RECRUIT LIVEWELL ALLIANCE, INC. 22-3068632 AND RETAIN SPECIAL TALENT THAT THE ORGANIZATION MAY NEED." FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.