2025-05-12T09:14:25-07:00 2024-12-31 990 2024-01-01 020519490 KENDAL AT HANOVER I KEND 6036438900 67 Cummings Road Hanover NH 03755 Riann Chrimes Chief Financial Officer 6036437004 2025-05-12 1 2024 2025-03-06 01:10:19Z Riann E Chrimes 67 Cummings Road Hanover NH 03755 42126703 0 X www.kah.kendal.org X 1988 NH Kendal at Hanover is a not-for-profit continuing care retirement community characterized by mutual respect, integrity and a concern for each other's welfare that fosters the independence, vitality, health and security of older persons and in which residents and staff may exercise their talents in a supportive environment. Specifically, our mission states: "Together, transforming the experience of aging." 17 17 412 25 0 0 521437 653013 34116404 38137369 3493679 2361982 1444936 946225 39576456 42098589 169002 134967 0 0 17939584 18937527 0 0 0 18114499 18542612 36223085 37615106 3353371 4483483 198960479 212186782 134014613 136625966 64945866 75560816 Kendal at Hanover is a not-for-profit continuing care retirement community characterized by mutual respect, integrity and a concern for each other's welfare that fosters the independence, vitality, health and security of older persons and in which residents and staff may exercise their talents in a supportive environment. Specifically, our mission states: "Together, transforming the experience of aging." 0 0 32172977 134967 38382980 Operation of a Continuing Care Retirement Community for 412 older adults consisting of 250 independent living residences, a community center, a health center and 107 licensed supported residential health care beds. On-site clinic provided primary care to 412 of our residents and the health center provided 31,638 days of care at various levels. Maintained an independent living occupancy rate of 95.21%. 41382 41382 0 Education reimbursement given to 19 employees over the year for continuing education. 0 0 0 n/a 0 0 0 32214359 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 86 0 1 412 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Riann Chrimes CFO 6036437004 67 Cummings Road Hanover NH 03755 Beth Vettori Chief Executive Officer 50.00 0 X 307033 0 18708 Brent B Edgerton Chief Financial Officer 50 0 X 229080 0 43167 David Urso Chief Operating Officer 50 0 X 168806 0 19047 Rebecca Daniels Director of Healthcare Operations 50 0 X 166306 0 8937 Robert B Jones Information Technology Director 50 0 X 146962 0 15516 Jeffrey Roosevelt Director of Community Relations & Marketing 50 0 X 145527 0 14660 Yan Song Registered Nurse 56.3 0 X 149001 0 9123 Melissa M Perreault Licensed Practical Nurse 54.10 0 X 133613 0 5469 Riann Chrimes Controller/Incoming CFO 50 0 X 117971 0 5309 Nancy K Carroll Board Member 1.00 0 X 0 0 0 Robert Kline-Schoder Vice Chair 1.00 0 X X 0 0 0 Tom Corindia Treasurer 1.00 0 X X 0 0 0 Judy Csatari Board Member 1 0 X 0 0 0 Suzanne Elusorr Board Member 1 0 X 0 0 0 Sean Gorman Board Member 1.0 0 X 0 0 0 Ruth Lappin Board Member 1.00 0 X 0 0 0 Lisabeth Maloney Chair 1.00 0 X X 0 0 0 Nancy Marion Board Member 1 0 X 0 0 0 Bridget Mudge Board Member 1 0 X 0 0 0 Eric Shirley Board Member 1 0 X 0 0 0 Margaret Rightmire Secretary 1 0 X X 0 0 0 Anant Sundaram Board Member 1 0 X 0 0 0 George Rupp Board Member 1 0 X 0 0 0 Lisa Celone Board Member 1 0 X 0 0 0 Robert Hansen Board Member 1.00 0 X 0 0 0 Mike Parisi Board Member 1.00 0 X 0 0 0 Jay Pierson Secretary (Left in June 2024) 1.00 0 X X 0 0 0 Jennifer Casey Board Member (Left in June 2024) 1.00 0.00 X 0 0 0 1564299 0 139936 14 0 1 0 Engelberth Construction Inc 150 Water Tower Circle Colchester VT 05446 Construction 1825309 TLC Nursing PO box 2244 South Burlington VT 05407 Nursing Services 840624 Lavallee Brensinger Architects 155 Dow Street Suite 400 Manchester NH 03101 Architect Services 599356 Shaker Hill Granite Co Inc 17 Granite Place Enfield NH 03748 Countertop & Construction 518887 Interstate Electric 70 Treble Cove Rd North Billerica MA 01862 Electrical 473602 17 0 0 0 0 0 653013 0 653013 Resident Fees - Apartments 623311 19769562 19769562 0 0 Resident Fees - Healthcare 623311 7322656 7322656 0 0 Amortization of Entry Fees 623311 11045151 11045151 0 0 0 0 0 0 38137369 2353353 2353353 0 0 0 0 0 0 0 0 0 0 47196 0 0 0 47196 0 47196 0 0 47196 28773 7970 18677 9437 10096 -1467 8629 0 0 8629 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Child Day Care Income 624410 384660 384660 0 0 Net Assets released from Restriction 900099 190431 190431 0 0 Pension Settlement 900099 78327 78327 0 0 245611 245611 0 0 899029 42098589 41389751 0 55825 0 0 134967 134967 0 0 0 0 723818 0 723818 0 0 0 0 0 14178590 12388621 1789969 0 556347 0 556347 0 2494658 2494658 0 0 984114 815404 168710 0 73754 28636 45118 0 44257 0 44257 0 69660 0 69660 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10518 0 10518 0 362775 45516 317259 0 478965 0 478965 0 0 0 0 0 5063414 5063414 0 0 182952 99797 83155 0 0 0 0 0 115806 26862 88944 0 0 0 0 0 992496 0 992496 0 6856024 6856024 0 0 667920 667920 0 0 Repairs & Maintenance 835152 803621 31531 0 Food Costs 1597921 1597921 0 0 Staff Recruitment 75041 75041 0 0 Health Center Related Costs & Other 1115957 1115957 0 0 0 0 0 0 37615106 32214359 5400747 0 1639 1639 3757857 7589185 0 0 2862565 4249716 0 0 0 0 0 0 185975 167541 524873 505132 211118885 94526385 117075929 116592500 73058938 81428159 0 0 0 0 0 0 1492703 1652910 198960479 212186782 4685702 5267842 0 0 77504559 81162396 50647828 49003924 0 0 0 0 0 0 1176524 1191804 134014613 136625966 X 52660110 61639356 12285756 13921460 64945866 75560816 198960479 212186782 4483483 6131467 0 0 0 0 X 0 1 X 1 0 X 399039 565042 439528 521437 653013 2578059 28777299 34313527 33437769 39754119 40943688 177226402 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29176338 34878569 33877297 40275556 41596701 179804461 0 0 1525 2700 2150 6375 0 0 0 0 0 0 0 0 1525 2700 2150 6375 179798086 803602 937991 1103389 1745576 2354073 6944631 0 0 0 0 0 0 803602 937991 1103389 1745576 2354073 6944631 0 0 0 0 0 0 0 0 0 0 0 0 29979940 35816560 34980686 42021132 43950774 186749092 0.96278 0.96489 0.03719 0.03505 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1658758 0 0 0 0 0 1658758 1658758 0 0 0 0 0 1658758 1656258 2500 0 0 0 0 1658758 1617192 39066 0 0 0 0 1656258 1601843 15349 0 0 0 0 1617192 0 1 0 0 0 0 3703792 3703792 0 181971124 80769069 101202055 0 0 0 0 0 18815156 13757316 5057840 0 6628813 0 6628813 116592500 0 Deposits from Prospective Residents 1159000 Charitable Gift Annuity Interest Payable 32804 1191804 X 40624060 0 0 0 0 0 40624060 0 1474529 1474529 42098589 37536196 0 0 0 0 0 37536196 0 78910 78910 37615106 Schedule D, Part V, Line 4 Resident assistance, employee education, music performances, childcare assistance. All endowment funds are for the support of Kendal at Hanover's mission. Schedule D, Part X, Line 2 Kendal at Hanover follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. The guidance further prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The application of this standard has no impact on Kendal at Hanover's financial statements. Schedule D, Part XI, Line 4b Restricted Investment Income $350,608, Contributions $653,013, Change in Value of Charitable Gift Annuity ($720), Realized gain on sale of investments $10,096, Loss on Sale of Assets ($1,468), Resident Assistance $78,910, Pension Termination Settlement $78,327, Surplus of Investment Revenue over Spending Formula $305,760. Schedule D, Part XII, Line 4b Resident Monthly Fee Assistance $78,910 1 Donation to Charitable Institutions 7 12875 1200 Cost Donated Food Childcare Assistance to Staff 16 15932 0 Cost Tuition Assistance for Employees 19 41382 0 Cost Resident Monthly Fee Assistance 4 78911 0 Cost Schedule I, Part I, Line 2 Human Resources receives requests for tuition reimbursement from employees. These requests must be approved by the employee's supervisor, department director and the Chief Executive Officer. Policies are in place that dictate how much assistance is available per employee per year based on full or part-time status. An agreement is signed between Kendal at Hanover and the employee that the employee must receive at least a C or B+(for graduate work) to keep their reimbursement. Human Resources tracks this. X X X 0 0 0 0 0 0 0 0 0 Beth Vettori Chief Executive Officer 288325 0 0 0 0 0 18708 0 5579 0 312612 0 0 0 Brent B Edgerton Chief Financial Officer 185913 0 0 0 0 0 43167 0 12712 0 241792 0 0 0 David Urso Chief Operating Officer 149760 0 0 0 0 0 19047 0 13434 0 182241 0 0 0 Rebecca Daniels Assisted Living Administrator 157369 0 0 0 0 0 8937 0 12934 0 179240 0 0 0 Yan Song Registered Nurse 139878 0 0 0 0 0 9123 0 3299 0 152300 0 0 0 Robert B Jones Information Technology Director 131446 0 0 0 0 0 15516 0 12834 0 159796 0 0 0 Jeffrey Roosevelt Director of Community Relations & Marketing 130868 0 0 0 0 0 14660 0 1510 0 147038 0 0 0 A NH Health & Education Facilities Authority 020279866 6446143Q0 2016-04-28 18305000 Refunding 2004A & 2013 bonds, construction costs 0 0 0 B NH Health & Education Facilities Authority 020279866 2018-06-11 13087500 refunding Series 2008 Bonds 0 0 0 C NH Health & Education Facilities Authority 020279866 2018-06-11 25906000 renovation & expansion of Health Center 0 0 0 A 2510000 0 18305000 0 0 0 452707 0 0 16987396 0 864897 0 1 0 1 B 3302069 0 13323319 0 0 0 235819 0 0 13087500 0 0 2008 1 0 1 1 C 3694000 0 25906000 0 0 0 506649 0 0 25399351 0 0 2022 0 0 0 1 A 0 1 1 1 0 0.0007 0.0021 0.0028 0 0 1 B 0 1 1 1 0 0.0007 0.0021 0.0028 0 0 1 C 0 1 1 1 0 0.0007 0.0021 0.0028 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 Form 990, Part VI, Section A, Line 7b The Kendal Corporation has to approve some changes to Kendal at Hanover's by-laws, additional debt and any resident contract changes. Form 990, Part VI, Section B, Line 11b The 990 is prepared by the Chief Financial Officer. It is then shared with the Chief Executive Officer and Audit Committee before going to the Board of Directors for any feedback and/or comments prior to submission. Form 990, Part VI, Section B, Line 12c Our conflict-of-interest policy states: "Individuals shall not use their positions, or knowledge gained therefrom, in such a way that a conflict would arise between the interest of Kendal at Hanover and that of the individual or entity in which that individual has an interest. Any individual covered by this policy having a potential conflict of interest on any matter should disclose the conflict of interest, abstain from discussion and not use personal influence on the matter. The minutes of the meeting should reflect that a disclosure was made and any abstention from discussion. A full disclosure of all facts pertaining to any transaction that is subject to any doubt concerning the possible existence of a conflict of interest shall be made before consummating the transaction. A full disclosure shall be made annually, or when a potential for a conflict of interest presents itself, concerning the relevant interest, activities, services, investments and information. An annual disclosure shall be made by a survey at the direction of the Board Development Committee of the Board of Directors of Kendal at Hanover, or during the year as potential conflicts of interest or perceived conflicts of interest may occur. Relevant and material disclosure on conflicts of interest shall be appropriately noted in the audited financial statement of Kendal at Hanover on an annual basis." Form 990, Part VI, Section B, Line 15 It is Kendal at Hanover's Board of Directors' charge to evaluate the Chief Executive Officer on an annual basis and approve the compensation for that position. The Chief Executive Officer evaluates top management, and their compensation is adjusted annually. All other positions are evaluated annually based on Human Resource's compensation policy and procedures. A comprehensive market analysis was conducted by a third-party compensation consulting firm in July of 2023. Resulting market wage adjustments are being implemented over three fiscal years. Updated wage structures and ranges were established as a part of this project. These ranges will be market adjusted each year, with broader market analyses of the structure and positions taking place every three years. Individual positions will be market analysed as needed. Form 990, Part VI, Section C, Line 19 The annual Disclosure Statement is made available to all current residents and to interested parties on our website. This statement includes the conflict-of-interest disclosure. The 990 is available on GuideStar.org, at our reception desk and in our library. The audited financial statements as well as interim financials are available in our library. The audited financials are also available on our website. Kendal at Oberlin 600 Kendal Drive Oberlin OH 440741900 341567246 Operate CCRC OH 501(c)(3) 12 N/A 0 Kendal at Ithaca 2230 North Triphammer Road Ithaca NY 14850 521787487 Operate CCRC NY 501(c)(3) 12 N/A 0 Barclay Friends 700 N Franklin St West Chester PA 19380 232088476 Operate a personal care/skilled nursing/memory care community PA 501(c)(3) 7 N/A 0 Kendal on Hudson 1010 Kendal Way Sleepy Hollow NY 10591 133971396 Operate CCRC NY 501(c)(3) 12 N/A 0 Kendal at Home 27519 Detroit Road Westlake OH 44145 200548053 Operate Home Care OH 501(c)(3) 12 N/A 0 The Lathrop Communities 100 Bassett Brook Drive Easthampton MA 01027 042996627 Operate over 55 community MA 501(c)(3) 12 N/A 0 Lexington Retirement Community Inc dba Kendal at Lexington 160 Kendal Drive Lexington VA 24450 541795871 Operate CCRC VA 501(c)(3) 12 N/A 0 Kendal New York 1010 Kendal Way Sleepy Hollow NY 10591 061656576 Provide support services in operation of Kendal on Hudson & Kendal at Ithaca NY 501(c)(3) 13 Type I N/A 0 Collington Episcopal Lifecare Community Inc 10450 Lottsford Road Mitchellville MD 20721 521281156 Operate CCRC MD 501(c)(3) 12 N/A 0 The Kendal Corporation 591 Collaboration Way Suite 603 Newark DE 19713 232688382 Develop & support affiliated senior living organizations DE 501(c)(3) 13 Type III N/A 0 Kendal Charitable Funds 591 Collaboration Way Suite 603 Newark DE 19713 232626425 Manage charitable contributions to primarily benefit affiliates DE 501(c)(3) 11a N/A 0 Kendal Northern Ohio & KNO Community Outreach LLC dba Senior Independence 600 Kendal Drive Oberlin OH 44074 200547957 Supporting Organization for Kendal at Oberlin etal OH 501(c)(3) 9 N/A 0 Kendal Aging c/o 591 Collaboration Way Suite 603 Newark DE 19713 823361136 Provide support services for retirement communities in California. CA 501(c)(3) 13 Type I N/A 0 Kendal at Sonoma 1801 Boxheart Drive Healdsburg CA 95448 814896082 Operate CCRC CA 501 (c)(3) 12 N/A 0 Lexington Health Investors 160 Kendal Drive Lexington VA 24450 541956103 Operate Skilled Nursing Home VA 501 (c) (3) 12 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 The Kendal Corporation p 2888386 Cost