2026-05-01T14:15:05-05:00 2025-06-30 263753134 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2024-07-01 223042122 LASELL VILLAGE INC LASE 6176637000 120 SEMINARY AVE AUBURNDALE MA 02466 DANIEL ROMANO CHIEF FINANCIAL OFFICER 6176637000 2026-05-01 1 1 CRAIG KLEIN P00734640 6178075000 2026-05-01 2024 2025-03-06 01:10:19Z ZEHRA ABID-WOOD 120 SEMINARY AVE AUBURNDALE MA 02466 30134750 0 X WWW.LASELLVILLAGE.COM X 1990 MA LASELL VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY, ON THE CAMPUS OF LASELL UNIVERSITY, WITH INDEPENDENT, SUPPORTED, AND SKILLED NURING RESIDENTS. 14 14 253 20 0 0 18813 84092 22724290 23317864 3105008 3230935 496306 335348 26344417 26968239 0 0 0 0 11119308 11982758 0 0 0 15790681 17227789 26909989 29210547 -565572 -2242308 126208308 239901687 157876515 271540863 -31668207 -31639176 X LASELL VILLAGE, SPONSORED BY LASELL UNIVERSITY, IS HOME TO SOME 265 RESIDENTS IN ITS INDEPENDENT LIVING APARTMENTS, SUPPORTED LIVING STUDIOS AND INCLUDES A 38 BED SKILLED NURSING FACILITY. OPEN SINCE MAY 2000, THE VILLAGE COMBINES THE ELEMENTS OF LIFELONG LEARNING, RETIREMENT LIVING, SUPPORT SERVICES, SHORT-TERM REHABILITATION AND LONG-TERM CARE. 0 0 24828282 23317864 LASELL VILLAGE OPERATES A CONTINUING CARE RETIREMENT COMMUNITY AND PROVIDES, IN COOPERATION WITH LASELL UNIVERSITY, RESIDENTIAL AND NON-RESIDENTIAL EDUCATION PROGRAMS FOR ELDERLY PERSONS. THROUGH INTERGENERATIONAL LEARNING ACTIVITIES WITH THE FACULTY AND STUDENTS OF LASELL UNIVERSITY AND PROGRAMS SPONSORED BY THE ON-SITE ROSEMARY B. FUSS CENTER FOR RESEARCH ON AGING AND INTERGENERATIONAL STUDIES, LASELL VILLAGE DISSEMINATES CURRENT AND BROAD-BASED INFORMATION ABOUT AGING AND FACTORS THAT CONTRIBUTE TO WELL-BEING IN LATER LIFE. LASELL VILLAGE SPONSORS AND PARTNERS IN RESEARCH WITH OTHER EDUCATIONAL AND RESEARCH INSTITUTIONS REGARDING THE COGNITIVE, EMOTIONAL, PHYSICAL NEEDS AND CAPABILITIES OF THE ELDERLY AND THE VALUE OF CONTINUED LEARNING IN LATER LIFE. NUMBER OF RESIDENTS ENROLLED PER SEMESTER AND THE NUMBER OF COURSES OFFERED:FALL 2024 - 212 RESIDENTS ENROLLED IN 28 COURSESSPRING 2025 - 192 RESIDENTS ENROLLED IN 23 COURSESSUMMER 2025 - 168 RESIDENTS ENROLLED IN 22 COURSES 24828282 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 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 0 0 0 1 77 0 1 253 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X DANIEL ROMANO 6176637003 120 SEMINARY AVE AUBURNDALE MA 02466 JEFFREY SIMON CHAIR 2.00 0.00 X X 0 0 0 SUSAN HASS CLERK 2.00 0.00 X X 0 0 0 JEFFREY AUGUSTINE DIRECTOR 2.00 0.00 X 0 0 0 CHRISTINE DOYLE DIRECTOR 1.00 0.00 X 0 0 0 DEBORAH DACCORD DIRECTOR 1.00 0.00 X 0 0 0 JULIA GALLAGHER MD DIRECTOR 1.00 0.00 X 0 0 0 NKEM A OKEKE MD DIRECTOR 1.00 0.00 X 0 0 0 LAURIE SAMUELS PASCAL DIRECTOR 1.00 0.00 X 0 0 0 NATHANIEL MARGOLIS DIRECTOR 1.00 0.00 X 0 0 0 KATHY SWARTZ DIRECTOR 1.00 0.00 X 0 0 0 CAROLINE SCHASTNY RESIDENT TRUSTEE 1.00 0.00 X 0 0 0 JUDITH TSIPIS RESIDENT TRUSTEE 1.00 0.00 X 0 0 0 JOE ROFINO DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL WALDRON DIRECTOR 1.00 0.00 X 0 0 0 ALESSANDRO VIANELLO CFO & TREASURER (UNTIL JUNE 2025) 40.00 0.00 X 202575 0 50636 ZEHRA ABID-WOOD PRESIDENT - LASELL VILLAGE 40.00 10.00 X 0 307390 54901 ERIC TURNER CEO - LASELL VILLAGE 10.00 40.00 X 0 382748 111961 ANDREW MAYLOR CFO - LASELL UNIVERSITY 10.00 40.00 X 0 261527 14643 REGINA HOYT ASSISTANT CLERK 40.00 0.00 X 78557 0 17475 RUTH BUTTA RN 40.00 0.00 X 161397 0 21540 CHERYL SACKS DIRECTOR OF MARKETING 40.00 0.00 X 193106 0 43139 BENJAMIN BAILEY AVP OF FACILITIES & CAPITAL MGT 40.00 0.00 X 191538 0 46436 PAMELA DELLICARPINI CHIEF OF PEOPLE 40.00 0.00 X 160486 0 46138 AARON ST LAURENT HEALTHCARE ADMIN 40.00 0.00 X 178119 0 13301 1165778 951665 420170 14 0 1 0 DIMELLA SHAFFER ASSOCIATES 24 FARNSWORTH ST BOSTON MA 02210 ARCHITECTURAL 2131502 LASELL UNIVERSITY 1844 COMMONWEALTH AVE NEWTON MA 02466 MANAGEMENT CONTRACT 1806268 POWERBACK REHABILITATION PO BOX 821322 PHILADELPHIA PA 19182 REHAB FOR SKILLED NURSING UNIT 782038 THE VERTEX COMPANIES 400 LIBBEY PARKWAY WEYMOUTH MA 02189 PROJECT MANAGEMENT 291421 MCCARTER & ENGLISH LLP FOUR GATEWAY CENTER 100 MULBERRY S NEWARK NJ 07102 LEGAL 216043 8 84092 84092 RESIDENTIAL FEES 623000 16131375 16131375 SKILLED NURSING 623000 4654483 4654483 EARNED ENTRANCE FEE 623000 1450789 1450789 SUPPORTED LIVING UNIT FEES 623000 1081217 1081217 23317864 3004677 3004677 3392769 3162799 3712 229970 -3712 226258 226258 OTHER INCOME 900099 335348 335348 335348 26968239 23317864 0 3566283 385335 385335 9191753 7915111 1276642 388960 334937 54023 1339829 1153740 186089 676881 579218 97663 866950 866950 73721 73721 203331 203331 21130 21130 127670 115521 12149 8844 8844 300130 25294 274836 476236 396624 79612 4633496 4432795 200701 4402 4402 10104 3457 6647 1865633 1765552 100081 5969580 5562458 407122 383786 357612 26174 MEDICAL SERVICES & EXP. 1291665 1291665 REAL ESTATE TAXES 770679 718119 52560 RESIDENT ACTIVITIES 94553 94553 EQUIP. RENTAL & MAINT. 38358 36065 2293 87521 45561 41960 29210547 24828282 4382265 0 2820104 2785228 2684548 3102730 38072 46894 139855486 64977617 57809795 74877869 61720521 57709316 1135268 101379650 126208308 239901687 2754053 5141492 1592083 1629561 12033845 134348358 15154153 2203981 126342381 128217471 157876515 271540863 X -31907475 -31966778 239268 327602 -31668207 -31639176 126208308 239901687 X -2242308 2498823 -227484 X 0 1 X 1 0 X 17326 47994 53880 18813 84092 222105 19047247 21729674 22559906 22724290 23317864 109378981 19064573 21777668 22613786 22743103 23401956 109601086 121813 159670 166102 171524 180889 799998 0 121813 159670 166102 171524 180889 799998 108801088 1595566 2261680 2110091 2317318 3004677 11289332 1595566 2261680 2110091 2317318 3004677 11289332 262134 387020 226930 496306 335348 1707738 20922273 24426368 24950807 25556727 26741981 122598156 0.88750 0.89470 0.09210 0.08240 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 262,134. 2021 AMOUNT: $ 387,020. 2022 AMOUNT: $ 226,930. 2023 AMOUNT: $ 496,306. 2024 AMOUNT: $ 335,348. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 239268 84092 4242 327602 217302 18728 3238 239268 161140 53892 2270 217302 138063 22939 138 161140 120737 17240 86 138063 1.00000 0.00000 0.00000 0 0 21689766 21689766 73508415 54844173 18664242 18420948 10133444 8287504 26236357 26236357 74877869 ASSETS LIMITED AS TO USE, BENEVOLENT AND GREEN FUNDS 327601 CASH LIMITED AS TO USE, RESIDENTIAL WAIT LIST DEPOSITS 950000 DUE FROM AFFILIATE 119182 ASSETS LIMITED AS TO USE, BOND PROCEEDS WITH TRUSTEE 94714332 CASH LIMITED AS TO USE, RESIDENTIAL DEPOSITS 5268535 101379650 REFUNDABLE DEPOSITS & INTEREST 950000 DEFERRED ENTRANCE FEES 6745756 REFUNDABLE ENTRANCE FEES 115253180 RESIDENTIAL DEPOSITS 5268535 128217471 X 29239578 2498823 -227484 2271339 26968239 0 26968239 29210547 0 29210547 0 29210547 PART X, LINE 2: THE VILLAGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE VILLAGE HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS DETERMINATION AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE VILLAGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE VILLAGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE VILLAGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS AFTER THE DATE OF FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -118,137. LOSS ON BOND REFINANCING -109,347. X X 0 1 0 0 0 0 0 1 0 ERIC TURNER CEO - LASELL VILLAGE 0 352362 0 18500 0 11886 0 67115 0 44846 0 494709 0 0 ZEHRA ABID-WOOD PRESIDENT - LASELL VILLAGE 0 282120 0 25000 0 270 0 11642 0 43259 0 362291 0 0 ANDREW MAYLOR CFO - LASELL UNIVERSITY 0 255339 0 5000 0 1188 0 12889 0 1754 0 276170 0 0 ALESSANDRO VIANELLO CFO & TREASURER (UNTIL JUNE 2025) 190368 0 12000 0 207 0 14293 0 36343 0 253211 0 0 0 BENJAMIN BAILEY AVP OF FACILITIES & CAPITAL MGT 181764 0 9000 0 774 0 13690 0 32746 0 237974 0 0 0 CHERYL SACKS DIRECTOR OF MARKETING 154175 0 36645 0 2286 0 11734 0 31405 0 236245 0 0 0 PAMELA DELLICARPINI CHIEF OF PEOPLE 147298 0 12000 0 1188 0 11136 0 35002 0 206624 0 0 0 AARON ST LAURENT HEALTHCARE ADMIN 168307 0 9650 0 162 0 12635 0 666 0 191420 0 0 0 RUTH BUTTA RN 160844 0 0 0 553 0 7974 0 13566 0 182937 0 0 0 PART I, LINE 4B DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2024 THE UNIVERSITY CREDITED RETIREMENT PLANS PURSUANT TO SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR CERTAIN EMPLOYEES, AS FOLLOWS: ERIC TURNER, $40,000 PART I, LINE 7 AS DETAILED ON SCHEDULE J, PART II, BONUSES WERE AWARDED TO CERTAIN EMPLOYEES DURING THE YEAR. BONUSES WERE AWARDED AT THE DISCRETION OF THE PRESIDENT OF LASELL UNIVERSITY AND THE PRESIDENT OF LASELL VILLAGE. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2025-05-01 136617225 REFUNDING 2014 SERIES, EXPANSION PROJECT, RENOVATION 0 0 0 A 136617225 1675030 18174451 22053412 94714332 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 3 THE GOVERNING BODY OF LASELL VILLAGE HAS AUTHORIZED LASELL UNIVERSITY THROUGH A MANAGEMENT CONTRACT AS THE MANAGEMENT COMPANY TO PERFORM THE MANAGEMENT DUTIES TYPICALLY HANDLED BY DIRECT SUPERVISION OF OFFICERS OR KEY EMPLOYEES. LASELL VILLAGE SHALL HAVE THE RIGHT, UPON NOTICE TO LASELL UNIVERSITY, TO CHANGE, REPEAL OR ALTER POLICIES ADOPTED AND/OR IMPLEMENTED BY LASELL UNIVERSITY IN CONNECTION WITH MANAGING THE DAY-TO-DAY OPERATIONS. FORM 990, PART VI, SECTION A, LINE 6 LASELL, INC., ACTING THROUGH ITS BOARD OF TRUSTEES, SHALL BE THE SOLE MEMBER OF LASELL VILLAGE, INC. FORM 990, PART VI, SECTION A, LINE 7A LASELL, INC. MAY APPOINT TO THE BOARD OF TRUSTEES A NUMBER OF TRUSTEES UP TO, BUT NOT EXCEEDING, TWENTY FIVE PERCENT (25%) OF THE TOTAL NUMBER OF LASELL VILLAGE'S TRUSTEES SERVING FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 7B LASELL, INC. SHALL HAVE THE RIGHT TO APPROVE EACH OF THE FOLLOWING ACTIONS OF THE BOARD OF TRUSTEES, AND SUCH ACTIONS BY THE BOARD SHALL NOT BE EFFECTIVE UNLESS AND UNTIL APPROVED BY LASELL, INC.: (A) THE ADOPTION OF ANNUAL OPERATING AND CAPITAL BUDGETS; (B) EMPLOYMENT TERMS FOR THE PRESIDENT OF THE CORPORATION; (C) THE ADOPTION OF ANY LONG-RANGE PLANS OF THE CORPORATION; (D) APPROVAL OF ANY INCREASE IN THE LONG-TERM DEBT OF THE CORPORATION; (E) THE EXPENDITURE, DISPOSITION, DONATION OR ACQUISITION BY PURCHASE, LEASE OR OTHER MEANS OF DONATION OF CORPORATE ASSETS, OTHER THAN BUDGETED ITEMS, IN AN AMOUNT IN EXCESS OF $10,000; (F) THE MERGER OR CONSOLIDATION OF THE CORPORATION WITH ANY OTHER CORPORATION, AND THE FORMATION OR DISSOLUTION OF SUBSIDIARIES; (G) A DECISION TO CONDUCT ANY FUNDRAISING ACTIVITIES; (H) THE SELECTION OR EMPLOYMENT OF LEGAL COUNSEL AND CERTIFIED PUBLIC ACCOUNTANTS, WHETHER FOR SPECIAL PROJECTS OR ON A REGULAR BASIS; (I) THE SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; AND (J) ANY AMENDMENTS TO THE CORPORATION'S BYLAWS PURSUANT TO ARTICLE XII OR TO THE ARTICLES OF ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM WAS PROVIDED TO ALL BOARD MEMBERS AND WAS REVIEWED BY THE BOT AT THEIR MEETING, PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C OUR ORGANIZATION REGULARLY AND CONSISTENTLY ENFORCES COMPLIANCE WITH OUR WRITTEN CONFLICT OF INTEREST POLICY BY HAVING EACH TRUSTEE, PRINCIPAL OFFICERS AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THEIR UNDERSTANDING OF THE POLICY AND THEY INDICATE WHETHER OR NOT A CONFLICT EXISTS. THE POLICY IS ALSO REVIEWED ANNUALLY WITH MANAGERS AND WHICH IN TURN REVIEW ANNUALLY WITH THEIR STAFF. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRMAN OF THE BOARD OF TRUSTEES IN CONSULTATION WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCT AN ANNUAL WRITTEN EVALUATION OF THE PRESIDENT AND RECOMMENDS COMPENSATION BASED ON A COMPARISON OF PRESIDENTS AT SIMILAR SIZED INSTITUTIONS. THE PRESIDENT CONDUCTS AN ANNUAL WRITTEN EVALUATION OF KEY EMPLOYEES TAKING INTO ACCOUNT COMPENSATION OF PEERS AT SIMILAR SIZED INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE 990 IS AVAILABLE ON GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE FORM 1023 IS AVAILABLE UPON REQUEST. ALSO AVAILABLE UPON REQUEST ARE OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTERST RATE SWAP -118,137. LOSS ON BOND REFINANCING -109,347. LASELL UNIVERSITY 1844 COMMONWEALTH AVENUE NEWTON MA 02466 042103585 EDUCATION MA 501(C)(3) LINE 2 LASELL INC 0 LASELL INC 1844 COMMONWEALTH AVENUE NEWTON MA 02466 861070319 ADMINISTRATIVE SUPPORT MA 501(C)(3) LINE 12B, II N/A 0 0 0 0 0 1 0 0 1 0 0 1 0 1 0 1 0 0 0 0 NA