2024-08-14T09:41:15-05:00 2023-12-31 MP PC ONE MONARCH PLACE SPRINGFIELD MA 01144 990 2023-01-01 042996627 LATHROP COMMUNITY INC LATH 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 PATRICK ARGUIN CEO 4135860006 2024-08-08 1 0 4137391800 2023 2024-08-08 14:25:15Z PATRICK ARGUIN 7642646 0 X WWW.LATHROP.KENDAL.ORG X 1988 MA TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 18 18 81 18 0 0 698287 157265 6815455 7435959 27574 40365 0 0 7541316 7633589 0 0 0 0 2799006 3005730 0 0 0 4857380 4726265 7656386 7731995 -115070 -98406 19646574 20250178 45182894 45702230 -25536320 -25452052 TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 0 0 6086600 7435959 SALES, MAINTENANCE OF RESIDENTIAL UNITS AND COMMON AREAS, RESALE FOR RESIDENTS, RESIDENT ACTIVITIES AND SUPPORT SERVICES. 6086600 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 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 1 0 0 0 1 0 0 1 81 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 0 MA X HOLLY SMITH-BOVE 4135860006 100 BASSETT BROOK DR EASTHAMPTON MA 01027 ANNA LANNING DIRECTOR 1.00 X 0 0 0 BILL HOGAN DIRECTOR 1.00 X 0 0 0 CAROL NEUBERT DIRECTOR 1.00 X 0 0 0 CHARLES JOHNSON CHAIR 8.00 X X 0 0 0 DANIEL LESLEY DIRECTOR 1.00 X 0 0 0 ELAINE REALL DIRECTOR 1.00 X 0 0 0 ELISABETH WEISSBACH DIRECTOR 1.00 X X 0 0 0 JACK DEVLIN DIRECTOR 1.00 X 0 0 0 LARRY HUNT DIRECTOR 3.00 X X 0 0 0 LISA HALBERT SECRETARY 2.00 X X 0 0 0 MARILYN RICHARDS VICE-CHAIR 5.00 X 0 0 0 MARK PETERSON DIRECTOR 1.00 X 0 0 0 MARLISA PARKER DIRECTOR 1.00 X 0 0 0 MICHAEL FORD DIRECTOR 1.00 X 0 0 0 OWEN ZARET DIRECTOR 1.00 X 0 0 0 RUTH CONSTANTINE TREASURER 3.00 X X 0 0 0 SHARON KLETIZIEN DIRECTOR 1.00 X 0 0 0 SUSANNAH HOWE DIRECTOR 1.00 X 0 0 0 CYNTHIA JEROME FORMER CEO 40.00 X 159731 0 8772 HOLLY SMITH-BOVE CFO 40.00 X 152050 0 13588 PATRICK ARGUIN CEO 40.00 X 14615 0 1915 KATHI BROWN DIRECTOR OF HR 40.00 X 126675 0 12828 ROBERT OLMSTEAD DIRECTOR OF WELLNES 40.00 X 104183 0 11397 557254 0 48500 4 1 1 0 KENDAL CORPORATION 591 COLLABORATION WAY STE 603 NEWARK DE 19713 348833 SPRINGVALLEY LANDSCAPE 133 ELM ST HATFIELD MA 01038 LANDSCAPING AND SNOW REMOVAL 301346 PARAGUS STRATEGIC IT 112 RUSSELL ST HADLEY MA 01035 IT CONSULTING 110706 3 157265 157265 RESIDENT FEES 531390 6710314 6710314 AMORT OF ENT FEES 531390 454124 454124 OTHER FEES 812900 242717 242717 SUPPORT SERVICE FEES 812900 28804 28804 7435959 39426 39426 9996 9057 939 939 939 7633589 7436898 0 39426 350671 350671 2384755 1853741 531014 47409 47409 222895 156877 66018 116325 116325 60506 60506 97032 4658 92374 794511 794511 93890 93890 1990547 1753103 237444 410214 410214 GROUNDS MAINTENANCE 317890 317890 SUPPLIES AND OTHER 312484 190108 122376 FOOD SERVICE SUPPLIES 272487 272487 OTHER REPAIRS AND MAINT 239121 239121 21258 21258 7731995 6086600 1645395 0 939001 2063607 238972 260407 121270 143491 46771061 30936032 16613131 15835029 1257028 1470472 477172 477172 19646574 20250178 445852 284443 1317496 2911301 1512460 1145797 41907086 41360689 45182894 45702230 X -25761437 -25689791 225117 237739 -25536320 -25452052 19646574 20250178 -98406 187987 -5313 X 0 1 X 1 0 X 109820 110849 153326 182707 157265 713967 60866639 6019893 6522040 6815455 7435959 87659986 30143 26024 29161 85328 61006602 6156766 6704527 6998162 7593224 88459281 0 0 0 88459281 61006602 6156766 6704527 6998162 7593224 88459281 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1206534 211446 1417980 1445984 -239450 1206534 1394856 51128 1445984 1240250 154606 1394856 1064005 176245 1240250 0.81340 0.14260 0.04400 0 0 1537420 1537420 31925546 22235581 9689965 11578419 7840429 3737990 1347091 693280 653811 382585 166742 215843 15835029 CHARITABLE GIFT ANNUNITIES 13418 REFUNDABLE ENTRANCE FEES 40659771 DEPOSIT-PROSPECTIVE RESIDENTS 687500 41360689 7816263 187987 -5313 182674 7633589 0 7633589 7731995 0 7731995 0 7731995 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTERESTS AGREEMENTS PART V, LINE 4 INCOME FROM PERMANENTLY RESTRICTED ENDOWMENT FUNDS IS TEMPORARILY RESTRICTED AND WILL BE USED FOR RESIDENCY ASSISTANCE, PROFESSIONAL DEVELOPMENT FOR LATHROP'S EMPLOYEES, COLLEGE LEVEL SCHOLARSHIP ASSISTANCE FOR CHILDREN OF LATHROP'S EMPLOYEES, AND OPERATING SUPPORT AS DETERMINED BY LATHROP'S MANAGEMENT. INCOME FROM BOARD DESIGNATED ENDOWMENT FUNDS WILL BE USED TO ACCOMPLISH OTHER SPECIFIC OBJECTIVES OF THE ORGANIZATION. X X X 0 0 0 0 0 0 0 0 0 CYNTHIA JEROME FORMER CEO 159731 0 0 0 0 0 0 0 8772 0 168503 0 0 0 HOLLY SMITH-BOVE CFO 152050 0 0 0 0 0 0 0 13588 0 165638 0 0 0 FORM 990, PART VI, SECTION A, LINE 7B LATHROP HAS AN AFFILIATION AGREEMENT WITH THE KENDAL CORPORATION (KENDAL) LATHROP REMAINS A SEPARATE CORPORATION WITH ITS OWN BOARD OF DIRECTORS. UNDER THE AFFILIATION AGREEMENT, KENDAL MUST APPROVE 1) THE ELECTION OF BOARD MEMBERS OF LATHROP, 2) AMENDMENTS TO THE ARTICLES OF INCORPORATION AND CERTAIN SECTIONS OF THE BYLAWS, 3) INCURRENCE OF DEBT IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, 4) CHANGES IN THE CORPORATE PURPOSE, 5) USE OF THE NAME "KENDAL", 6) THE SUBSTANCE OF RESIDENT CONTRACTS, 7) PURCHASE, SALE, LEASE OR OTHER DISPOSITION OF REAL ESTATE OR IMPROVEMENTS THEREON WITH THE VALUE IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, AND 8) DISSOLUTION, MERGER OR ACQUISTION OF ANOTHER ENTITY. KENDAL PROVIDES MANAGEMENT ADVICE AND EXPERTISE IN EVERY AREA OF OPERATIONS TO LATHROP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS WILL RECEIVE THE FORM 990 AND ITS ACCOMPANYING SCHEDULES AND PERFORM A BRIEF REVIEW FOR OVERALL ACCURACY AND COMPLETENESS BEFORE SIGNING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD OF DIRECTORS, SENIOR MANAGERS, AND DIRECTORS EMERITUS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. A BOARD COMMITTEE HAS PRIMARY OVERSIGHT FOR THE COMPLETION OF THE CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE CEO COMPENSATION. THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPARABILITY WAGE DATA DERIVED FROM BOTH LOCAL AND NATIONAL SALAY SURVEY SOURCES. CEO IS NOT PART OF THE DELIBERATION REGARDING HIS COMPENSATION. CEO IS RESPONSIBLE FOR THE DETERMINATION OF THE DIRECTOR OF FINANCE'S COMPENSATION, IN CONSULTATION WITH KENDAL CORPORATION AND LATHROP'S DIRECTOR OF HUMAN RESOURCES, DERIVED FROM BOTH LOCAL AND NATIONAL SALARY SURVEY SOURCES. DIRECTOR OF FINANCE IS NOT PART OF THE DELIBERATION REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 LATHROP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 7B: LATHROP HAS AN AFFILIATION AGREEMENT WITH THE KENDAL CORPORATION (KENDAL). LATHROP REMAINS A SEPARATE CORPORATION WITH ITS OWN BOARD OF DIRECTORS. UNDER THE AFFILIATION AGREEMENT, KENDAL MUST APPROVE 1) THE ELECTION OF BOARD MEMBERS OF LATHROP, 2) AMENDMENTS TO THE ARTICLES OF INCORPORATION AND CERTAIN SECTIONS OF THE BYLAWS, 3) INCURRENCE OF DEBT IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, 4) CHANGES IN THE CORPORATE PURPOSE, 5) USE OF THE NAME "KENDAL", 6) THE SUBSTANCE OF RESIDENT CONTRACTS, 7) PURCHASE, SALE, LEASE OR OTHER DISPOSITION OF REAL ESTATE OR IMPROVEMENTS THEREON WITH THE VALUE IN EXCESS OF AMOUNTS SPECIFIED IN THE AGREEMENT, AND 8) DISSOLUTION, MERGER OR ACQUISTION OF ANOTHER ENTITY. KENDAL PROVIDES MANAGEMENT ADVICE AND EXPERTISE IN EVERY AREA OF OPERATIONS TO LATHROP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B: ALL BOARD MEMBERS WILL RECEIVE THE FORM 990 AND ITS ACCOMPANYING SCHEDULES AND PERFORM A BRIEF REVIEW FOR OVERALL ACCURACY AND COMPLETENESS BEFORE SIGNING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD OF DIRECTORS, SENIOR MANAGERS, AND DIRECTORS EMERITUS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. A BOARD COMMITTEE HAS PRIMARY OVERSIGHT FOR THE COMPLETION OF THE CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE CEO COMPENSATION. THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPARABILITY WAGE DATA DERIVED FROM BOTH LOCAL AND NATIONAL SALAY SURVEY SOURCES. CEO IS NOT PART OF THE DELIBERATION REGARDING HIS COMPENSATION. CEO IS RESPONSIBLE FOR THE DETERMINATION OF THE DIRECTOR OF FINANCE'S COMPENSATION, IN CONSULTATION WITH KENDAL CORPORATION AND LATHROP'S DIRECTOR OF HUMAN RESOURCES, DERIVED FROM BOTH LOCAL AND NATIONAL SALARY SURVEY SOURCES. DIRECTOR OF FINANCE IS NOT PART OF THE DELIBERATION REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 LATHROP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE KENDAL CORPORATION 1107 EAST BALTIMORE PIKE KENNETT SQUARE PA 19348 232688382 ADMIN SERVICE PA 501(C)(3) 11C N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 THE KENDAL CORPORATION M 237444 FAIR VALUE