2025-07-15T11:55:37-05:00 2024-12-31 MP PC ONE MONARCH PLACE SPRINGFIELD MA 01144 990 2024-01-01 042996627 LATHROP COMMUNITY INC LATH 4135860006 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 PATRICK ARGUIN CEO 4135860006 2025-07-02 1 0 4137391800 2024 2025-03-06 01:10:19Z PATRICK ARGUIN 8065424 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 83 18 0 0 157265 149201 7435959 7799383 40365 112616 0 0 7633589 8061200 0 0 0 0 3005730 3191391 0 0 0 4726265 4896007 7731995 8087398 -98406 -26198 20250178 21336551 45702230 46640775 -25452052 -25304224 TO RESPOND WITH RESPECT AND COMPASSION TO THE CHANGING NEEDS OF OLDER ADULTS IN OUR COMMUNITIES. 0 0 6360506 7799383 SALES, MAINTENANCE OF RESIDENTIAL UNITS AND COMMON AREAS, RESALE FOR RESIDENTS, RESIDENT ACTIVITIES AND SUPPORT SERVICES. 6360506 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 15 0 1 83 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 RUTH CONSTANTINE 4135860006 100 BASSETT BROOK DR EASTHAMPTON MA 01027 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 HOLLY SMITH-BOVE FORMER CFO 40.00 X 147576 0 14344 PATRICK ARGUIN CEO 40.00 X 200240 0 28872 KATHI BROWN DIRECTOR OF HR 40.00 X 122246 0 12765 470062 0 55981 3 1 1 0 SPRINGVALLEY LANDSCAPE 133 ELM ST HATFIELD MA 01038 LANDSCAPING AND SNOW REMOVAL 292136 PATRICK KELLY ROOFING 12 OLD FEEDING HILLS ROAD WESTFIELD MA 01085 ROOFING 276462 PARAGUS STRATEGIC IT 112 RUSSELL ST HADLEY MA 01035 IT CONSULTING 130015 3 149201 149201 RESIDENT FEES 531390 6966220 6966220 AMORT OF ENT FEES 531390 541674 541674 SUPPORT SERVICE FEES 812900 259337 259337 OTHER FEES 812900 32152 32152 7799383 111382 111382 5458 4224 1234 1234 1234 8061200 7800617 0 111382 391032 391032 2519738 1943584 576154 53799 53799 226822 162888 63934 98694 98694 65880 65880 127418 14656 112762 837856 837856 70299 70299 1949075 1723427 225648 534829 534829 GROUNDS MAINTENANCE 328167 328167 OTHER REPAIRS AND MAINT 291442 291442 SUPPLIES AND OTHER 290590 168035 122555 FOOD SERVICE SUPPLIES 285323 285323 16434 16434 8087398 6360506 1726892 0 2063607 3270031 260407 361246 143491 137260 48051438 32659459 15835029 15391979 1470472 1679796 477172 496239 20250178 21336551 284443 435069 2911301 2941827 1145797 915358 41360689 42348521 45702230 46640775 X -25689791 -25541271 237739 237047 -25452052 -25304224 20250178 21336551 -26198 168116 5910 X 0 1 X 1 0 X 110849 153326 182707 157265 149201 753348 6019893 6522040 6815455 7435959 7799383 34592730 26024 29161 55185 6156766 6704527 6998162 7593224 7948584 35401263 0 0 0 35401263 6156766 6704527 6998162 7593224 7948584 35401263 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1417980 203510 1621490 1206534 211446 1417980 1445984 -239450 1206534 1394856 51128 1445984 1240250 154606 1394856 0.85381 0.10607 0.04012 0 0 1537420 1537420 31925546 23036601 8888945 12624086 8662125 3961961 1546401 764501 781900 417985 196232 221753 15391979 REFUNDABLE ENTRANCE FEES 41609021 DEPOSIT-PROSPECTIVE RESIDENTS 739500 42348521 8235227 168116 5910 174026 8061201 0 8061201 8087398 0 8087398 0 8087398 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 PATRICK ARGUIN CEO 200240 0 0 0 0 0 0 0 28872 0 229112 0 0 0 HOLLY SMITH-BOVE FORMER CFO 147576 0 0 0 0 0 0 0 14344 0 161920 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. 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 225648 FAIR VALUE