2025-11-07T12:20:55-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-01-01 371930273 THE BALDWIN SENIOR LIVING INC BALD 6036990100 50 WOODMONT AVENUE LONDONDERRY NH 03053 MARLENE ROTERING PRESIDENT/CEO 6036990100 2025-11-06 1 1 KATARZYNA O PADZIK P02268641 7819821001 2025-11-06 2024 2025-03-06 01:10:19Z MARLENE ROTERING 50 WOODMONT AVENUE LONDONDERRY NH 03053 12106744 0 X WWW.THEBALDWINNH.ORG X 2019 NH THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY. THE MISSION OF THE BALDWIN IS TO MEET THE HOUSING, HEALTHCARE & FINANCIAL SECURITY NEEDS OF AGED INDIVIDUALS. 9 8 135 40 0 0 0 0 338690 11215417 335120 891327 0 0 673810 12106744 0 2500 0 0 836863 5344865 0 0 0 3417576 18574204 4254439 23921569 -3580629 -11814825 188346478 188185655 202192964 213842932 -13846486 -25657277 X THE MISSION OF THE BALDWIN IS TO MEET THE HOUSING, HEALTHCARE, AND FINANCIAL SECURITY NEEDS OF AGED INDIVIDUALS. 1 0 20243976 2500 11215417 THE BALDWIN SENIOR LIVING OFFERS INDEPENDENT LIVING, HEALTHCARE AND SUPPORTIVE SERVICES TO EMPOWER MEMBERS TO BE ARCHITECTS OF THEIR OWN WELL-BEING. THE BALDWIN WILL ACCOMPLISH THIS BY A RELENTLESS PURSUIT OF A CARING CULTURE WITH PASSIONATE ATTENTION TO INDIVIDUAL NEEDS AND VALUES.IN 2024, THE COMMUNITY BUILD WAS COMPLETED AND THE BALDWIN WAS OPEN FOR OPERATIONS FOR THE FULL YEAR. 20243976 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 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 1 1 1 0 0 1 167 0 1 135 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 1 1 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 0 NH X RYAN DECINTO 6036990090 50 WOODMONT AVENUE LONDONDERRY NH 03053 MARLENE ROTERING PRESIDENT/CEO 32.00 13.00 X X 177375 589334 62213 DONALD P PICCIRILLO CHAIR 1.00 1.00 X X 0 0 0 HUGO OVERDEPUT VICE CHAIR 1.00 0.00 X X 0 0 0 MICHAEL W HAWKINS TREASURER 1.00 2.00 X X 0 0 0 CAMILLE MIRAGLIOTTA DALY ESQ SECRETARY 1.00 2.00 X X 0 0 0 MICHAEL TULE TRUSTEE 1.00 2.00 X 0 0 0 SWAITHA MARIPURI TRUSTEE 1.00 1.00 X 0 0 0 ANDY MACWILLIAM TRUSTEE 1.00 0.00 X 0 0 0 JOHN STOWELL TRUSTEE 1.00 0.00 X 0 0 0 JANE SULLIVAN CFO 30.00 15.00 X 43071 311595 33024 ROBERT COPPOLA PROJECT MANAGER 28.00 12.00 X 0 198807 13990 KATHLEEN D' AMICO DIRECTOR OF MARKETING 30.00 10.00 X 0 197194 49157 MELISSA KAMPERSAL EXECUTIVE DIRECTOR 40.00 0.00 X 266739 0 54624 MARIA BYRNE SALES DIRECTOR (UNTIL 7/2024) 40.00 0.00 X 183043 0 11009 MEGHAN BOURGOINE SALES COUNSELOR (UNTIL 8/2024) 40.00 0.00 X 154420 0 4246 824648 1296930 228263 7 0 1 0 EDGEWOOD SENIOR SOLUTIONS GROUP INC 575 OSGOOD STREET NORTH ANDOVER MA 01845 MANAGEMENT FEES 708000 1 IND. LIVING UNIT RESIDENT SERVICE 623000 8361369 8361369 ENTRANCE FEES 623000 2186991 2186991 ASSISTED LIVING SERVICES 623000 667057 667057 11215417 891327 891327 12106744 11215417 0 891327 2500 2500 220437 17738 202699 4411080 3181032 1230048 22770 15726 7044 368525 254523 114002 322053 222427 99626 708000 708000 57907 57907 5031 5031 41046 33471 7575 880205 880205 3274 3274 164112 94932 69180 2094360 2053313 41047 3370 3370 7971835 7923322 48513 4524466 4496932 27534 DEVELOPMENT EXPENSE 1035404 1035404 FOOD AND SUPPLIES 817297 801367 15930 REPAIRS AND MAINTENANCE 231548 230139 1409 ACTIVITIES 36349 36349 23921569 20243976 3677593 0 9256889 4126864 17259190 15100747 71756 90467 35605 161435 172394936 4876562 158372630 167518374 3386013 1152163 188346478 188185655 15349367 2805606 21175767 67849341 150543843 128329941 15123987 14858044 202192964 213842932 X -13846486 -25657277 -13846486 -25657277 188346478 188185655 -11814825 4034 0 X 0 1 X 1 0 X 338690 11215417 11554107 338690 11215417 11554107 0 32126 32126 32126 32126 11521981 309697 891327 1201024 309697 891327 1201024 648387 12106744 12755131 0.90330 0.09420 X 0 0 0 0 0 0 0 0 1 149 149 0 PART II-B, LINE 1: PART OF MEMBERSHIP DUES PAID TO STATE HEALTHCARE ORGANIZATIONS ARE RELATED TO INDIRECT LOBBYING EXPENDITURES. 8621051 8621051 157659517 3811183 153848334 6007447 1057369 4950078 106921 8010 98911 167518374 INTERCOMPANY PAYABLE 14764080 REFUNDABLE DEPOSITS 93964 14858044 X 12110778 4034 4034 12106744 0 12106744 23921569 0 23921569 0 23921569 PART X, LINE 2: THE COMMUNITY FOLLOWS ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE COMMUNITY RECOGNIZES A 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. AS OF DECEMBER 31, 2024, MANAGEMENT HAS EVALUATED THE COMMUNITY'S TAX POSITIONS AND CONCLUDED THAT THE COMMUNITY HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES THAT REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE COMMUNITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS AFTER THE DATE FILED. 0 0 0 0 0 0 0 1 0 MARLENE ROTERING PRESIDENT/CEO 0 451333 177375 78939 0 59062 0 13800 0 48413 177375 651547 0 0 JANE SULLIVAN CFO 0 247493 43071 40633 0 23469 0 7934 0 25090 43071 344619 0 0 MELISSA KAMPERSAL EXECUTIVE DIRECTOR 197414 0 69325 0 0 0 8079 0 46545 0 321363 0 0 0 KATHLEEN D' AMICO DIRECTOR OF MARKETING 0 97919 0 99275 0 0 0 4190 0 44967 0 246351 0 0 ROBERT COPPOLA PROJECT MANAGER 0 109999 0 88808 0 0 0 4412 0 9578 0 212797 0 0 MARIA BYRNE SALES DIRECTOR (UNTIL 7/2024) 102943 0 80100 0 0 0 3773 0 7236 0 194052 0 0 0 MEGHAN BOURGOINE SALES COUNSELOR (UNTIL 8/2024) 58420 0 96000 0 0 0 2316 0 1930 0 158666 0 0 0 PART I, LINE 3 THE PRESIDENT/CEO IS COMPENSATED BY A RELATED ORGANIZATION, WHICH USES FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION. PART I, LINE 7 THE EXECUTIVE DIRECTOR RECEIVED A NON-FIXED BONUS WHICH IS BASED ON THE NUMBER OF ENROLLMENTS AT THE RETIREMENT HOUSING. A BUSINESS FINANCE AUTHORTY OF THE STATE OF NEW HAMPSHIRE 521304598 64468KCG9 2022-04-21 188004000 SEE PART VI 0 0 0 A 57720000 188004000 5259825 3760080 160944095 18736000 2024 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART I - COLUMN F, DESCRIPTION OF PURPOSE: THE SERIES 2022 BONDS REPAID THE 2020 BONDS AND REPLACED ALL RELATED AGREEMENTS. THE PROCEEDS ARE ALSO BEING USED TO FINANCE THE CONSTRUCTION OF A 230-UNIT LIFE PLAN CONTINUING CARE RETIREMENT COMMUNITY. THE SERIES 2022 BONDS CONSIST OF: - UP TO $87,800,000 SENIOR REVENUE BONDS, SERIES 2022A - $15,000,000 SENIOR REVENUE BONDS, SERIES 2022B - UP TO $38,500,000 SENIOR REVENUE BONDS, SERIES 2022C - UP TO $30,000,000 SENIOR REVENUE BONDS, SERIES 2022D - $17,400,000 SUBORDINATE REVENUE BONDS, SERIES 2022E. PART II, LINE 3 EXPLANATION: THE 2022 BOND ISSUANCE PROCEEDS INCLUDES A DISCOUNT OF $696,000, REPRESENTING THE DIFFERENCE BETWEEN THE BOND'S ORIGINAL ISSUE PRICE AND ITS STATED REDEMPTION PRICE AT MATURITY. FORM 990, PART III, LINE 2 IN 2024, THE PROJECT WAS COMPLETED WITH ALL BUILDINGS FULLY OPERATIONAL. FORM 990, PART VI, SECTION A, LINE 2 MARLENE ROTERING, PRESIDENT/CEO AND JANE SULLIVAN, CFO ARE OFFICERS AND EMPLOYEES OF EDGEWOOD SENIOR SOLUTIONS, INC. ("ESSG"), A RELATED ORGANIZATION THAT PROVIDES MANAGEMENT SERVICES TO THE BALDWIN. IN 2024, DONALD P. PICCIRILLLO, CAMILLE MIRAGLIOTTA DALY, MICHAEL W. HAWKINS, AND MICHAEL B. TULE WERE BOARD MEMBERS OF BOTH ESSG AND THE BALDWIN, AND THEREFORE MS. ROTERING AND MS. SULLIVAN MAY BE DEEMED TO HAVE BUSINESS RELATIONSHIPS WITH THESE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT AND FINANCIAL DUTIES TO A RELATED ORGANIZATION, EDGEWOOD SENIOR SOLUTIONS GROUP, INC. THE MANAGEMENT COMPANY IS A NON-PROFIT SUPPORTING ORGANIZATION WHICH ENGAGES IN EXECUTIVE MANAGEMENT, FINANCIAL MANAGEMENT, COMPLIANCE, ADMINISTRATIVE, AUDIT AND TAX AND INFORMATIONAL TECHNOLOGY SERVICES. MANAGEMENT FEES PAID IN 2024 TOTALED $708,000. THE ORGANIZATION'S PRESIDENT/CEO AND CFO WERE COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 6 EDGEWOOD SENIOR SOLUTIONS GROUP, INC. IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B EDGEWOOD SENIOR SOLUTIONS GROUP, INC. IS THE SOLE MEMBER OF THE CORPORATION AND POSSESSES THE POWERS RESERVED BY THE MEMBER AS WRITTEN IN THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S MANAGEMENT. THE FORM 990 IS REVIEWED BY MANAGEMENT AND PROVIDED TO THE GOVERNING BOARD PRIOR TO SUBMISSION WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WITH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT-OF-INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. HAS DISCLOSED ANY ACTIVITY RELATIONSHIP, POSITION OR CIRCUMSTANCE THAT COULD CONTRIBUTE TO A CONFLICT OF INTEREST AS DEFINED IN THE CONFLICT-OF-INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR GOVERNING COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR GOVERNING COMMITTEE MEETING BUT, AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF AND THE VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE BOARD OR GOVERNING COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR GOVERNING COMMITTEE SHALL DETERMINE WHETHER THE BALDWIN CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN EDGEWOOD'S BEST INTERESTS, FOR ITS OWN BENEFIT AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY: A. IF THE BOARD OR GOVERNING COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A DIRECTOR OR OFFICER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE DIRECTOR OR OFFICER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE DIRECTOR OR OFFICER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE DIRECTOR OR OFFICER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR GOVERNING COMMITTEE DETERMINES THE DIRECTOR OR OFFICER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT/CEO'S COMPENSATION PACKAGE WAS PREPARED AND VOTED ON BY THE INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD USES COMPARABILITY DATA FROM AREA COMMUNITIES (NEW ENGLAND) TO FORM THIS PACKAGE. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS IS KEPT. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 & FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE ORGANIZATION'S FORM 990 (WITHOUT SCHEDULE B) IS AVAILABLE VIA GUIDESTAR. EDGEWOOD SENIOR SOLUTIONS GROUP INC 575 OSGOOD STREET NORTH ANDOVER MA 01845 824269225 TO SUPPORT INTEGRATED SYSTEM OF SENIOR LIVING FACILITIES MA 501(C)(3) LINE 12A, I N/A 0 EDGEWOOD RETIREMENT COMMUNITY INC 575 OSGOOD STREET NORTH ANDOVER MA 01845 043195775 SENIOR LIVING FACILITY MA 501(C)(3) LINE 10 EDGEWOOD SENIOR SOLUTIONS GROUP 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 EDGEWOOD RETIREMENT COMMUNITY INC E 13976800 COST