2024-11-06T13:39:30-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 824269225 EDGEWOOD SENIOR SOLUTIONS GROUP INC EDGE 9787254106 575 OSGOOD STREET NORTH ANDOVER MA 01845 MARLENE ROTERING PRESIDENT/CEO 9787254106 2024-11-05 1 1 KATARZYNA O PADZIK P02268641 7819821001 2024-11-05 2023 2024-10-15 13:58:12Z MARLENE ROTERING 575 OSGOOD STREET NORTH ANDOVER MA 01845 1906395 0 X N/A X 2017 MA THE ORGANIZATION IS A SUPPORTING ORGANIZATION CREATED TO SUPPORT EDGEWOOD RETIREMENT COMMUNITY & THE BALDWIN SENIOR LIVING. 7 5 2 5 0 0 0 283395 1584020 1623000 0 0 0 0 1584020 1906395 0 0 0 0 1101343 1083175 0 0 0 453200 543685 1554543 1626860 29477 279535 39690 30299 651364 362438 -611674 -332139 THE ORGANIZATION OFFERS INDEPENDENT LIVING, HEALTHCARE AND SUPPORTIVE SERVICES TO EMPOWER MEMBERS TO BE ARCHITECTS OF THEIR OWN WELL-BEING. THE ORGANIZATION ACCOMPLISHES THIS BY A RELENTLESS PURSUIT OF A CARING CULTURE WITH PASSIONATE ATTENTION TO INDIVIDUAL NEEDS AND VALUES. 0 0 457439 0 1623000 EDGEWOOD SENIOR SOLUTIONS GROUP OFFERS INDEPENDENT LIVING, HEALTHCARE AND SUPPORTIVE SERVICES TO EMPOWER MEMBERS TO BE ARCHITECTS OF THEIR OWN WELL-BEING. THE ORGANIZATION ACCOMPLISHES THIS BY A RELENTLESS PURSUIT OF A CARING CULTURE WITH PASSIONATE ATTENTION TO INDIVIDUAL NEEDS AND VALUES. 457439 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 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 1 1 0 0 1 X 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 0 0 MA X BRYAN DEVEAU 9787254129 575 OSGOOD STREET NORTH ANDOVER MA 01845 MARLENE ROTERING PRESIDENT/CEO 2.00 43.00 X X 581567 0 63582 JANE SULLIVAN CFO 1.00 44.00 X X 324907 0 34134 MICHAEL W HAWKINS CHAIR 1.00 6.00 X X 0 0 0 DONALD P PICCIRILLO VICE CHAIR 1.00 6.00 X X 0 0 0 CAMILLE MIRAGLIOTTA DALY ESQ SECRETARY 1.00 6.00 X X 0 0 0 MICHAEL TULE TREASURER 1.00 6.00 X X 0 0 0 THOMAS SMITH TRUSTEE (AS OF 6/23) 1.00 5.00 X 0 0 0 906474 0 97716 2 0 1 0 0 283395 283395 MANAGEMENT FEES 623000 1623000 1623000 1623000 1906395 1623000 0 0 1004190 64515 939675 37675 29482 8193 4251 1052 3199 5506 2566 2940 31553 2929 28624 18375 18375 122680 122680 1250 1250 396550 356895 39655 2204 2204 FOOD & SUPPLIES 2477 2477 OTHER SERVICES 149 149 1626860 457439 1169421 0 1645 1645 7187 33062 4408 30858 28654 39690 30299 248261 362438 403103 0 651364 362438 X -611674 -332139 -611674 -332139 39690 30299 279535 0 X 0 1 X 1 0 X X 2 EDGEWOOD RETIREMENT COMMUNITY INC 043195775 10 1 0 917176 THE BALDWIN SENIOR LIVING INC 371930273 10 1 0 709684 2 0 1626860 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33062 4408 28654 28654 X 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, 2023 AND 2022, 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 CONSOLIDATED 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. X X X 0 0 0 0 0 0 0 1 0 MARLENE ROTERING PRESIDENT/CEO 452483 0 76639 0 52445 0 13235 0 50347 0 645149 0 0 0 JANE SULLIVAN CFO 223565 0 78967 0 22375 0 8102 0 26032 0 359041 0 0 0 PART I, LINE 3 THE 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. PART I, LINE 7 BONUSES ARE BASED ON PERFORMANCE. THE BOARD OF TRUSTEES APPROVES THE BONUS FOR THE PRESIDENT/CEO AND THE PRESIDENT/CEO APPROVES THE BONUSES FOR ALL OTHERS. FORM 990, PART V, LINE 2A: THE NUMBER OF EMPLOYEES LISTED AS BEING ON FORM W-3 INCLUDES THE PRESIDENT/CEO AND CFO THAT ARE INCLUDED IN A RELATED ORGANIZATION'S FORM W-3 AS THE COMMON PAYMASTER AND WHOSE SALARIES ARE REIMBURSED TO THE FILING ORGANIZATION THROUGH THE MANAGEMENT FEE. 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 12 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 EDGEWOOD 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 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 SET FORTH IN SECTION 6104(D). IN ADDITION, THE ORGANIZATION'S FORM 990 (WITHOUT SCHEDULE B) IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. 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 THE BALDWIN SENIOR LIVING INC 50 WOODMONT AVENUE LONDONDERRY NH 03053 371930273 SENIOR LIVING FACILITY NH 501(C)(3) LINE 10 EDGEWOOD SENIOR SOLUTIONS GROUP 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 EDGEWOOD RETIREMENT COMMUNITY INC L 915000 COST THE BALDWIN SENIOR LIVING INC L 708000 COST EDGEWOOD RETIREMENT COMMUNITY INC C 283395 COST