2025-11-10T13:44:01-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2024-01-01 042696489 SALEM COMMUNITY CORPORATION SALE 5088522670 65 BRIARWOOD CIRCLE WORCESTER MA 01606 NATALYAL LESHCHINER CHIEF FINANCIAL OFFICER 5088522670 2025-11-05 1 0 MARY-EVELYN ANTONETTI P00431862 2126976900 2025-11-05 2024 2025-03-06 01:10:19Z NATALYAL LESHCHINER 65 BRIARWOOD CIRCLE WORCESTER MA 01606 32526608 0 X WWW.BRIARWOODRETIREMENT.COM X 1974 MA TO PROVIDE HOUSING AND SUPPORT TO ITS RESIDENTS AND OTHER SENIORS. 14 14 325 100 0 0 2776609 127539 22195328 24115922 275816 1961683 235799 415678 25483552 26620822 0 0 0 0 9481648 10958847 0 0 0 17505705 15979160 26987353 26938007 -1503801 -317185 73629717 73937014 84389263 85295065 -10759546 -11358051 THE ORGANIZATION'S MISSION IS TO ENHANCE THE WELL-BEING, INDEPENDENCE AND PERSONAL FULFILLMENT OF ITS RESIDENTS AND OTHER SENIORS BY PROVIDING EXCELLENT HOUSING, HEALTH, WELLNESS AND SUPPORTIVE SERVICES CONSISTENT WITH THE CARING SPIRIT OF THE FOUNDING CHURCHES. 0 0 23879041 24115922 THE ORGANIZATION'S PROGRAM SERVICES INCLUDE THE OPERATION OF AN 82-BED NURSING HOME, KNOLLWOOD NURSING CENTER AND A 228-UNIT CONTINUING CARE RETIREMENT AND ASSISTED LIVING FACILITY, BRIARWOOD COMMUNITY, IN WORCESTER AND WEST BOYLSTON, MASSACHUSETTS. 23879041 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 27 0 1 325 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X HOLLY STEVENS 5088522670 65 BRIARWOOD CIRCLE WORCESTER MA 01606 X SUSAN DURHAM DIRECTOR 1.00 X 0 0 0 PETER SMITH DIRECTOR 1.00 X 0 0 0 RICHARD WHITTEN DIRECTOR 1.00 X 0 0 0 KAREN JOHNSON VICE PRESIDENT 1.00 X X 0 0 0 PAUL FAVULLI DIRECTOR 1.00 X 0 0 0 GARTH JOHNSON DIRECTOR 1.00 X 0 0 0 DR SARAH MCGEE DIRECTOR 1.00 X 0 0 0 GAIL MORGAN PRESIDENT 3.00 X X 0 0 0 ROBERT LONGDEN DIRECTOR 3.00 X 0 0 0 EMILY STARR DIRECTOR 1.00 X 0 0 0 LOUIS SWAN CLERK 1.00 X X 0 0 0 ANITA THOMAS DIRECTOR 1.00 X 0 0 0 JOSEPH WETTON DIRECTOR 1.00 X 0 0 0 KARIN CIANCE DIRECTOR 1.00 X 0 0 0 NATALYA LESHCHINER CFO/TREASURER 1.00 X 0 0 0 MELISSA FERGUSON NURSING ADMINISTRATOR 40.00 X 125752 0 36052 PATRICIA FOLEY-MARTEL NURSING HOME ADMINISTRATOR 40.00 X 134830 0 26469 DANIELLE RUTH DIRECTOR OF SALES 40.00 X 122129 0 2486 NANCY BEGIN SALES AND MARKETING 40.00 X 119002 0 24826 HOLLY STEVENS CONTROLLER 40.00 X 117673 0 27149 619386 0 116982 13 0 1 0 ROGERSON COMMUNITIES ONE FLORENCE STREET BOSTON MA 02131 MANAGEMENT COMPANY 861492 NATIONAL FACILITY SERVICES 68 TADMUCK ROAD WESTFORD MA 01886 MAINTENANCE 830354 PERFORMANCE HEALTHCARE 47 RIVER STREET WELLESLEY MA 02481 HOUSEKEEPING 645578 TRILOGY HEALTH SERVICES PO 74590 CLEVELAND OH 44194 AGENCY - REHAB 494146 TWOMAGNETS DBA CLIPBOARD HEALTH PO BOX 103125 PASADENA CA 91189 AGENCY - NURSING STAFFING 445584 10 62027 65512 2240 127539 PROGRAM SERVICE REVENUE 623000 23236148 23236148 ANCILLARY SERVICES 623000 879774 879774 24115922 807076 807076 224407 254584 -30177 -30177 -30177 6774838 5620231 1154607 1154607 1154607 28865 62027 30971 -2106 -2106 1788 0 1788 1788 TENANT REIMBURSEMENTS 900099 213807 213807 MISCELLANEOUS INCOME 900099 183295 183295 EMPLOYEE/GUEST MEALS 900099 49071 49071 446173 26620822 24115922 0 2377361 9390186 8621721 768465 832783 743557 89226 735878 657034 78844 903378 723515 179863 12761 10220 2541 90888 72792 18096 23347 18699 4648 1425990 1142075 283915 56334 45118 11216 527700 422635 105065 264678 211981 52697 1450640 1161818 288822 6065 4857 1208 20158 16145 4013 1879742 1879742 3417228 3417228 351562 281566 69996 REPAIR & MAINTENANCE 1820294 1457873 362421 DIETARY 1290942 1033915 257027 SUPPLIES 856243 685765 170478 HOUSEKEEPING 654123 523887 130236 927087 746898 180189 26938007 23879041 3058966 0 8358944 7238910 545064 91215 2582733 2298859 481355 415549 89546501 44333541 47221136 45212960 9256164 13447230 5184321 5232291 73629717 73937014 2733765 2748388 8469449 9669673 39194647 38111226 33991402 34765778 84389263 85295065 X -13602622 -14476289 2843076 3118238 -10759546 -11358051 73629717 73937014 -317185 -281319 0 X X 0 1 X 1 0 X 3043052 613568 2105860 2776609 127539 8666628 16377176 18440427 19976067 22195328 24115922 101104920 19420228 19053995 22081927 24971937 24243461 109771548 0 0 0 109771548 274670 357532 507212 923975 1031483 3094872 274670 357532 507212 923975 1031483 3094872 2648 2648 420676 398211 622067 249876 446173 2137003 20115574 19809738 23211206 26148436 25721117 115006071 0.95450 0.96240 0.02690 0.02120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1547 1547 0 PART II-B, LINE 1: SALEM COMMUNITY CORPORATION PAYS DUES TO MASSACHUSETTS SENIOR ASSOCIATION AND THE AMERICAN HEALTH CARE ASSOCIATION. A PORTION OF THESE DUES IS ALLOCATED TO LOBBYING. X 1 0 0 0 2843077 125433 335158 185429 3118239 2531398 224796 308415 221532 2843077 2671719 1058780 -410334 788767 2531398 2674595 442061 320736 765673 2671719 2208167 277305 280753 91630 2674595 0.00000 0.46545 0.53455 0 0 2694607 2694607 62670700 30554177 32116523 17002396 9551753 7450643 6646871 4227611 2419260 531927 531927 45212960 SOFTWARE 62849 ASSETS LIMITED TO USE 5169442 5232291 REFUNDABLE DEPOSITS 1885863 RESIDENT REFUNDABLE ENTRANCE FEES 32876178 OTHER LIABILITIES 3737 34765778 X 26625058 -281319 285556 4237 26620821 0 26620821 27223563 285556 285556 26938007 0 26938007 PART II, LINE 9: INCLUDED IN LAND IN FIXED ASSETS PART IV, LINE 1B: SALEM COMMUNITY CORPORATION HAS CUSTODY OF ACCOUNTS FOR PATIENTS. THE AMOUNTS ARE EXPENDED BY PATIENTS AT THEIR REQUEST PART V, LINE 4: THE ORGANIZATION HAS RECEIVED DONOR-RESTRICTED CONTRIBUTIONS, WHICH HAVE BEEN ACCOUNTED FOR AS NET ASSETS WITH DONOR RESTRICTIONS THAT ARE PERPETUAL IN NATURE. THE PRINCIPAL AMOUNT OF THE CONTRIBUTION IS REQUIRED TO BE MAINTAINED, WITH THE INCOME BEING AVAILABLE FOR RESTRICTED PURPOSES. THE ORGANIZATION MAINTAINS THESE DONOR-RESTRICTED CONTRIBUTIONS IN TWO SEPARATE ENDOWMENT FUNDS, THE RESIDENTS ASSISTANCE FUND AND THE WOODBURY FUND. NET ASSETS WITH PURPOSE RESTRICTIONS REPRESENT GAINS AND LOSSES ON THE ABOVE ENDOWMENT FUNDS. IN ADDITION, NET ASSETS WITH PURPOSE RESTRICTIONS INCLUDE PURPOSE RESTRICTED GIFTS TO: ESTABLISH A FUND TO UNDERWRITE ADVANCE FEES; PAY FOR ADMINISTRATION TRAINING COSTS; PURCHASE A GENERATOR; DEVELOP MEMORY SUPPORT CARE; FUND LIBRARY USES. PART X, LINE 2: SALEM COMMUNITY CORPORATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. MOUNTAIN STREET WAS ORGANIZED AS A LIMITED LIABILITY COMPANY. AS SUCH, MOUNTAIN STREET IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAX POSITIONS BY APPLYING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 254,584. FUNDRAISING EXPENSE 30,972. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 254,584. FUNDRAISING EXPENSE 30,972. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE GOLF TOURNAMENT 90892 62027 28865 800 800 24421 4950 90892 62027 28865 800 800 24421 4950 30971 -2106 0 0 0 0 0 0 0 0 0 MELISSA FERGUSON NURSING ADMINISTRATOR 125752 0 0 0 0 0 0 0 36052 0 161804 0 0 0 PATRICIA FOLEY-MARTEL NURSING HOME ADMINISTRATOR 134830 0 0 0 0 0 0 0 26469 0 161299 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584Y2X6 2022-05-09 40345948 SERIES 2022 BONDS 0 0 0 A 2380000 40345948 2974881 805906 36565161 1 1 0 1 A 0 0 1 1 0 0 0 1 A 0 0 1 0 1 1 MANUFACTURERS AND TRADERS TRUST 580.000000000000 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 3 SALEM COMMUNITY CORPORATION HIRED ROGERSON COMMUNITIES TO RUN THE DAY TO DAY PROGRAM OPERATIONS AND BUSINESS AFFAIRS OF THE COMMUNITY THROUGH THE EXECUTIVE DIRECTOR AND CFO POSITION. ROGERSON PAYROLL REIMBURSEMENT FOR ANDREW FREILICH, EXECUTIVE DIRECTOR THROUGH MANAGEMENT COMPANY, WAS $207,424.59 FOR 2024. ROGERSON PAYROLL REIMBURSEMENT FOR ANDREW FREILICH, CHIEF FINANCIAL OFFICER THROUGH MANAGEMENT COMPANY, WAS $276,206.02 FOR 2024. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP SHALL CONSIST OF NOT LESS THAN TEN (10) REPRESENTATIVES OF THE FIRST BAPTIST CHURCH OF WORCESTER, MASSACHUSETTS, AND NOT LESS THAN TEN (10) REPRESENTATIVES OF THE SALEM COVENANT CHURCH OF WORCESTER, MASSACHUSETTS. IN ADDITION TO THE REPRESENTATIVES OF THE TWO CHURCHES, THE MEMBERS ANNUALLY AT THEIR ANNUAL MEETING MAY FIX AN ADDITIONAL NUMBER OF MEMBERS WHO ARE NOT REPRESENTATIVE OF EITHER CHURCH AND MAY ELECT THE ADDITIONAL NUMBER OF MEMBERS SO FIXED. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES SHALL CONSISTS OF A MINIMUM OF TWO (2) REPRESENTATIVE OF THE FIRST BAPTIST CHURCH OF WORCESTER MA AND WHO ARE NOT RESIDENTS OF BRIARWOOD AND A MINIMUM OF TWO (2) REPRESENTATIVES OF THE SALEM COVENANT CHURCH OF WORCESTER, MA AND WHO ARE NOT RESIDENT OF BRIARWOOD, WHENEVER FEASIBLE IN THE JUDGEMENT OF THE GOVERNANCE COMMITTEE. THE BOARD OF TRUSTEES SHALL ALSO INCLUDE THREE (3) RESIDENTS OF BRIARWOOD AND NOT LESS THAN SEVEN (7) MEMBERS FORM THE GREATER WORCESTER COMMUNITY. FORM 990, PART VI, SECTION A, LINE 7B A TRUSTEE MAY BE SUSPENDED OR REMOVED (A) WITH OR WITHOUT CAUSE BY VOTE OF A MAJORITY OF THE MEMBERS THAN IN OFFICE OR (B) WITH CAUSE BY VOTE OF A MAJORITY OF THE TRUSTEES THEN IN OFFICE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF MEMBERS ON THE FINANCE COMMITTEE ARE GIVEN DRAFTS FOR REVIEW UPON THEIR REVIEW, IF ANY QUESTIONS ARISE, THEY DISCUSS WITH THE CFO/CONTROLLER. IF FURTHER CLARIFICATIONS IS NEEDED, THE ORGANIZATIONS OUTSIDE ACCOUNTANTS ARE CONSULTED. MANAGEMENT WILL REVIEW A DRAFT OF THE FORM 990 UPON PREPARATION AND GIVE APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR SERVES AS THE COMPLIANCE OFFICER. ALL SERVICES INVOLVING CONTRACTS WITH THE CORPORATION WILL BE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. ALL MEMBERS OF THE CORPORATION AND MANAGERS INVOLVED IN CORPORATE PURCHASES WILL COMPLETE AN ANNUAL DISCLOSURE AND CONFLICT OF INTEREST DOCUMENT TO ASSURE ALL PROFESSIONAL, BUSINESS AND PERSONAL RELATIONSHIPS THAT MAY AFFECT PURCHASING OR SERVICE TO RESIDENTS ARE IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 CURRENTLY, THE EXECUTIVE DIRECTOR IS OUTSOURCED FROM THE MANAGEMENT COMPANY, ROGERSON COMMUNITIES, WHO DETERMINES SALARY BASED ON SERVICES PROVIDED. TYPICALLY, THE EXECUTIVE DIRECTOR IS INTERVIEWED AND SELECTED BY THE BOARD OF DIRECTORS AND THE FINANCE COMMITTEE. PRIOR TO MAKING THE COMPENSATION OFFER, HUMAN RESOURCES CONDUCTS A MARKET REVIEW OF CURRENT SALARY RANGES FOR CCRC/NURSING CENTERS IN THE GREATER WORCESTER AREA. UPON COMPLETION OF THE SURVEY, THE BOARD DETERMINES A COMPENSATION PACKAGE AND MAKES THE OFFER. ANNUALLY THE BOARD CONDUCTS AN EVALUATION AND REVIEW OF THE EXECUTIVE DIRECTOR AND DETERMINES A PERCENTAGE INCREASE BASED ON THE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE ORGANIZATION'S BUSINESS OFFICE. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. MOUNTAIN STREET PROPERTIES LLC 65 BRIARWOOD CIRCLE WORCESTER MA 01606 841803425 REAL ESTATE PROPERTIES MA 109187 2313617 SALEM COMMUNITY CORPORATION