2024-11-15T13:49:31-06:00 2023-12-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2023-01-01 873705424 NEW ENGLAND LIFE PLAN COMMUNITIES CORP NEWE 7813385985 1 HARVEST CIRCLE LINCOLN MA 017733214 LARRY BRADSHAW PRESIDENT 7813385985 2024-11-15 1 0 KATHY FAIRCHILD P00222608 5155586600 2024-11-14 2023 2024-10-15 13:58:12Z LARRY BRADSHAW 23947580 0 X HTTPS://NELPC.ORG X 2021 MA NEW ENGLAND LIFE PLAN COMMUNITIES (NELPC) IS A NOT-FOR-PROFIT COMPANY DEDICATED TO SERVING OLDER ADULTS. OUR RESIDENTS ARE ABLE TO ENJOY COMMUNITY BASED LIVING WITH AN ACTIVE, CHOICE DRIVEN LIFESTYLE, WHILE HAVING THE SECURITY OF ONSITE HEALTHCARE BEING AVAILABLE SHOULD THE NEED ARISE 4 4 0 4 0 0 0 194076 0 23128595 0 624909 0 0 0 23947580 0 0 0 0 0 12892190 0 0 0 0 28630135 0 41522325 0 -17574745 0 159326560 0 202748655 0 -43422095 NEW ENGLAND LIFE PLAN COMMUNITIES (NELPC) IS A LEADER AND INNOVATOR OF SERVICES FOR OLDER ADULTS, PROMOTING TRANSPARENCY, INCLUSIVITY AND COMMUNITY INTEGRATION WITHIN A CULTURE OF SOCIAL AWARENESS, WORKFORCE EQUITY AND ENVIRONMENTAL STEWARDSHIP. 0 0 40281220 23128595 NEW ENGLAND LIFE PLAN COMMUNITIES CORP OWNS AND OPERATES A SENIOR LIVING COMMUNITY LOCATED IN LINCOLN, MASSACHUSETTS, KNOWN AS THE COMMONS IN LINCOLN (THE COMMUNITY). THE COMMUNITY IS SITUATED ONA 30 ACRES CAMPUS CONSISTING OF 168 INDEPENDENT LIVING UNITS ACROSS TWO MAIN APARTMENT-STYLE BUILDINGS AND 38 COTTAGES. THE COMMUNITY ALSO INCLUDES A HEALTH CARE FACILITY CONSISTING OF A 40 UNIT ASSISTED LIVING FACILITY, A 24 UNIT MEMORY CARE FACILITY, A 32 BED SKILLED NURSING FACILITY, AND AN ASSISTED REHABILITATION UNIT ON SIT ETO PROVIDE THE SERVICES OF A CONTINUING CARE RETIREMENT COMMUNITY. EIGHT OF THE COMMUNITY'S INDEPENDENT LIVING UNITS ARE DESIGNATED AS LOW AND MODERATE INCOME UNITS. MONTHLY RENTAL RATES FOR THESE UNITS ARE RESTRICTED TO MAXIMUM ALLOWABLE AMOUNTS BASED ON THE RESIDENT'S INCOME. 40281220 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MA X X BENCHMARK SENIOR LIVING AND SQUIRE SANDERS PATTON BOGGS 7813385985 1 HARVEST CIRCLE LINCOLN MA 017733214 X LARRY BRADSHAW CHAIRMAN 5.00 X X 0 0 0 JEFF CARPENTER TREASURER 2.00 X X 0 0 0 PHILIPPE SAAD SECRETARY 1.00 X X 0 0 0 KATHRYN BROD BOARD MEMBER 1.00 X X 0 0 0 0 0 0 0 0 0 0 BENCHMARK SENIOR LIVING LLC 201 JONES ROAD WALTHAM MA 02451 MANAGEMENT COMPANY 1129970 FOCUS CONSTRUCTION LLC 310 ASHBY ROAD NEW IPSWICH NH 03071 CONSTRUCTION 903040 PATRIOT EXCAVATING CORP 982 MAIN ST ACTON MA 01720 LEACH FIELD REPLACEMENT 776017 WHITEWATER INC CO WHITEWATER CONSTRU 41 CENTRAL ST AUBURN MA 01501 WATER TREATMENT TECHNICIANS 670645 ONE POINT PARTNERS LLC 35 MAIN STREET TOPSFIELD MA 01938 ASSET MANAGEMENT AND DEVELOPMENT ADVISOR 390372 14 194076 194076 RESIDENT SERVICES 623000 22635459 22635459 OTHER 812900 274482 274482 ENTRANCE FEE AMOR, NON 623000 218654 218654 23128595 624909 624909 23947580 23128595 0 624909 10518255 10518255 100167 100167 1428193 1428193 845575 845575 1520674 1520674 228790 228790 99676 99676 163492 163492 489918 489918 101099 101099 2245875 2085992 159883 5134527 5134527 2308164 2308164 262836 262836 AMORT INTANGIBLE ASSETS 6142858 6142858 RESIDENT SERVICE COSTS 4745574 4745574 ACCR OF INT ON RESIDENT 4504506 4504506 AMORT DEFERRED FINANCIN 193981 193981 488165 488165 41522325 40281220 1241105 0 20059756 1008390 491423 105094684 5479498 0 99615186 1512634 36639171 0 159326560 3703700 3618020 94033489 101393446 0 202748655 X 0 0 0 0 0 -43422095 0 -43422095 0 159326560 X -17574745 -25847350 X 0 1 X 1 0 X 0 0 194076 194076 0 0 23128595 23128595 23322671 23322671 0 0 0 23322671 0 0 624909 624909 624909 624909 23947580 23947580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 5.10 0 1 0 1 1 2.00 0 0 10038500 10038500 90658927 4569183 86089744 572165 103367 468798 3825092 806948 3018144 99615186 PART II, LINE 5: THE ORGANIZATION HAS A MAINTENANCE MANUAL FOR INSPECTION AND MONITORING OF THE PROPERTY. PART II, LINE 9: THE CONSERVATION EASEMENT WAS IN PLACE WHEN THE PROPERTY WAS PURCHASED. COSTS AND EXPENSES RELATED TO THE EASEMENT ARE NOT REPORTED SEPARATELY IN THE FINANCIAL STATEMENTS. A MASS DEVELOPMENT FINANCE AGENCY 043431814 57584Y4Y2 2023-04-05 57075000 REFUND PRIOR ISSUE ISSUED 12/31/2021 & EXPANSION OF SENIOR LIVING FACILITY 0 0 0 A 57227586 3424500 1135000 105999 398574 50513091 1650422 2026 1 0 0 1 A 1 1 1 1 0 0.00330 0.00000 0.00330 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 PART II, COLUMN A, LINE 3 DIFFERENCE FROM ISSUE PRICE DUE TO INVESTMENT EARNINGS FORM 990, PART VI, SECTION A, LINE 3 THE COMMUNITY IS MANAGED BY BENCHMARK SENIOR LIVING LLC. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED AT LEAST EVERY THREE YEARS. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE; (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH COMPANIES PERFORMING MANAGEMENT SERVICES FOR THE ORGANIZATION CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER THE ORGANIZATION'S CHARITABLE PURPOSES, AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION; AND (C) WHETHER THE ORGANIZATION HAS COMPLIED WITH THE PROCEDURES SET FORTH IN THIS CONFLICT OF INTEREST POLICY AND THE EFFICACY OF THE POLICY. WHEN CONDUCTING THE PERIODIC REVIEWS AS PROVIDED FOR IN THIS ARTICLE VIII, THE ORGANIZATION MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE BOARD OF DIRECTORS OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE IN THE ANNUAL DISCLOSURE STATEMENT WHICH IS FILED WITH THE COMMONWEALTH OF MASSACHUSETTS. THAT DOCUMENT ALSO OUTLINES THE GOVERNANCE STRUCTURE. ACTUAL GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: EQUITY ADJUSTMENT ON ASSET ACQUISITION -25,847,350. NELP-COMMONS LLC ONE HARVEST CIRCLE LINCOLN MA 01773 873785398 OPERATE A CONTINUMM CARE RETIREMENT COMMUNITY DE 23833195 156237717 NEW ENGLAND LIFE PLAN COMMUNITIES CORP NELP-COMMONS FLINT HOUSE LLC ONE HARVEST CIRCLE LINCOLN MA 01773 AFFORDABLE HOUSING DE 114385 3088843 NELP-COMMONS LLC