2024-08-26T10:29:03-05:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-01-01 050510787 OCEAN STATE ASSISTED LIVING OCEA 4018849099 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 DANIEL J HUGHES DIRECTOR OF FINANCE 4018849099 2024-08-07 1 1 MICHAEL E CRISCIONE P01456801 4014214800 2024-08-07 2023 2024-08-08 14:25:15Z THE SEASONS EAST GREENWICH DANIEL J HUGHES 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 7483494 0 X THESEASONS.ORG X 2000 RI ASSISTED LIVING COMMUNITY AND DEMENTIA CARE RESIDENCES. 9 9 89 6 0 0 117551 16500 5778928 7197755 140299 152807 -2237 0 6034541 7367062 0 0 0 0 2330609 2976474 0 0 0 3720840 3532227 6051449 6508701 -16908 858361 16935095 17728418 15327997 14865444 1607098 2862974 THE MISSION OF OCEAN STATE ASSISTED LIVING (OSAL) IS TO PROVIDE A BALANCE OF COMMUNITY, WELLNESS AND ASSISTED LIVING SERVICES TO INDEPENDENT AND MEMORY IMPAIRED RESIDENTS WHILE PROMOTING RESIDENT QUALITY OF LIFE, DIGNITY AND MAXIMUM INDEPENDENCE. 0 0 6010126 7197755 PROVIDING QUALITY CARE WITH 64 TRADITIONAL ASSISTED LIVING APARTMENTS AND 20 DEMENTIA CARE RESIDENCES. 6010126 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 0 0 1 0 0 0 1 9 0 1 89 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X DANIEL J HUGHES DIRECTOR OF FINANCE 4018849099 5 SAINT ELIZABETH WAY EAST GREENWICH RI 02818 JULIE RICHARD PRESIDENT 1.00 X X 0 0 0 GEORGE MANLEY JR VICE PRESIDENT 1.00 X X 0 0 0 CRAIG BUTZBACH TREASURER 1.00 X X 0 0 0 JULIE GOULET SECRETARY 1.00 X X 0 0 0 DONALD C FORSTER TRUSTEE 1.00 X 0 0 0 DIANE STEERE NOBLES TRUSTEE 1.00 X 0 0 0 NICOLE PLANTE TRUSTEE 1.00 X 0 0 0 PAUL SWANSON TRUSTEE 1.00 X 0 0 0 VINCENT RAGOSTA TRUSTEE 1.00 X 0 0 0 DANIEL J HUGHES FINANCE DIRECTOR 8.00 X 0 0 0 HAIGOUHI CORRIVEAU ADMINISTRATOR 40.00 X 138240 0 7613 TRISH MANCINI DIRECTOR OF WELLNESS 40.00 X 111266 0 10710 249506 0 18323 2 0 0 0 MORRISON MANAGEMENT SPECIALISTS PO BOX 102289 ATLANTA GA 30368 FOOD/DINING 1323797 1 16500 16500 TENANT RENTS 623000 6753857 6753857 ANCILLARY SERVICES 623000 443898 443898 7197755 128613 128613 140626 116432 24194 24194 24194 7367062 7197755 0 152807 X 145853 126718 19135 2343031 2035633 307398 11903 10341 1562 270262 234804 35458 205425 178474 26951 51918 51918 31239 31239 21237 21237 1571668 1520024 51644 46077 46077 549 549 29014 29014 762294 762294 13227 13227 285852 285852 569093 569093 150059 146108 3951 6508701 6010126 498575 0 1600767 2726057 116 7518 70107 63459 14719387 10815724 4194773 3903663 3405437 3908011 7663895 7119710 16935095 17728418 602436 533669 6974176 6429176 7751385 7902599 15327997 14865444 X 1607098 2862974 1607098 2862974 16935095 17728418 858361 397515 0 X X 0 1 X 1 0 X 4813 94568 976729 9061 16500 1101671 5575756 5076025 4543972 5778928 7197755 28172436 5580569 5170593 5520701 5787989 7214255 29274107 0 0 0 29274107 70789 69005 85550 82448 128613 436405 70789 69005 85550 82448 128613 436405 5651358 5239598 5606251 5870437 7342868 29710512 0.98530 0.98630 0.01470 0.01370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13218103 9662661 3555442 274535 106720 167815 925515 763231 162284 301234 283112 18122 3903663 DEFERRED FINANCING FEES 56256 DEPOSITS WITH VENDORS 22997 RIGHT-OF-USE ASSET 7040457 7119710 ADVANCE DEPOSITS 529128 OPERATING LEASE LIABILITY 7373471 7902599 X 7743340 397515 397515 7345825 21237 21237 7367062 6487464 0 6487464 21237 21237 6508701 PART X, LINE 2: OSAL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, OSAL IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, OSAL APPLIES THE MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED OSAL'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. OSAL FILES AN INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION. A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP NONEAVAIL 2018-10-02 8901000 REFUND A PRIOR ISSUE; FACILITY CONSTRUCTION 0 0 0 A 2471824 8901000 116456 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 6 OSAL WAS FORMED AS A NON-STOCK, NON-PROFIT CORPORATION WITH 2 CORPORATE MEMBERS: STEERE HOUSE NURSING & REHABILITATION CENTER AND SCANDINAVIAN HOME, INC., BOTH OF WHICH ARE RHODE ISLAND NON-PROFIT CORPORATIONS. THE TWO MEMBERS HAVE THE RIGHT TO PARTICIPATE IN OSAL'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A OSAL IS GOVERNED BY A NINE-PERSON BOARD OF DIRECTORS. EACH CORPORATE MEMBER ELECTS THREE BOARD MEMBERS, WITH THE REMAINING THREE ELECTED BY THE BOARD MEMBERS OF OSAL. FORM 990, PART VI, SECTION A, LINE 7B OSAL'S BY-LAWS INCLUDE A LIST OF DECISIONS THAT NEED TO BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B OSAL DOES NOT HAVE ANY ACTIVE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B OSAL'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS AND SENIOR MANAGEMENT OF OSAL ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE STATEMENTS IN ACCORDANCE WITH OSAL'S CONFLICT OF INTEREST POLICY. ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY ARISE PERIODICALLY MUST BE DISCLOSED TO THE BOARD. TO ENSURE THAT THE OSAL OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15A THE ADMINISTRATOR'S COMPENSATION IS PART OF OSAL'S OVERALL BUDGET THAT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION FOR THE ADMINISTRATOR IS APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF KEY EMPLOYEES IS APPROVED BY THE ADMINISTRATOR AND INCLUDED IN THE OPERATING BUDGET THAT IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT OSAL'S LOCATION. FORM 990, PART IX, LINE 11G CONTRACTED DINING, HOUSEKEEPING AND MAINTENANCE: PROGRAM SERVICE EXPENSES 1,102,674. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,102,674. FOOD: PROGRAM SERVICE EXPENSES 362,730. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 362,730. BANK FEES AND SERV. CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,508. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,508. OTHER FEES: PROGRAM SERVICE EXPENSES 54,620. MANAGEMENT AND GENERAL EXPENSES 44,136. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 98,756. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE METHODS USED BY THE BOARD OF DIRECTORS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. STEERE HOUSE NURSING & REHABILITATION CENTER 100 BORDEN STREET PROVIDENCE RI 02903 050258880 SKILLED NURSING FACILITY RI 501(C)(3) LINE 10 0 SCANDINAVIAN HOME INC 1811 BROAD STREET CRANSTON RI 02905 050262584 SKILLED NURSING AND ASSISTED LIVING FACILITY RI 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0