2025-10-31T07:51:51-05:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 050500900 ALDERSBRIDGE FOUNDATION (FKA UNITED METHODIST ELDER CARE FOUNDATION) ALDE 4014387210 40 IRVING AVENUE EAST PROVIDENCE RI 02914 JOSEPH DURAND CHIEF FINANCIAL OFFICER 4014387210 2025-10-30 1 1 COURTNEY MCFARLAND CPA P01645518 5083669100 2025-10-30 2024 2025-03-06 01:10:19Z JOSEPH DURAND 40 IRVING AVENUE EAST PROVIDENCE RI 02914 956045 0 X N/A X 1997 RI ALDERSBRIDGE FOUNDATION EXISTS TO SUPPORT IN THE RELEVANCY, SUSTAINABILITY AND OPERATIONS OF THE SUPPORTED ORGANIZATIONS AND THEIR MISSION TO THE COMMUNITY THROUGH PROVIDING A PLACE WHERE OLDER PERSONS MAY LIVE IN COMFORT, DIGNITY AND WITH PURPOSE.THE ORGANIZATION SUPPORTS WITH OFFERING A WIDE CONTINUUM OF SENIOR LIVING OPTIONS FROM INDEPENDENT/ASSISTED LIVING APARTMENTS IN WINSLOW GARDENS AND SKILLED NURSING AND REHABILITATION IN LINN HEALTH CARE CENTER ALSO IN EAST PROVIDENCE, TO ITS NEWEST FACILITY, ARBOR HILL, AN ASSISTED LIVING FACILITY LOCATED ON FEDERAL HILL IN PROVIDENCE.ALDERSBRIDGE FOUNDATION SUPPORTS TO ENSURE THAT EACH RESIDENT IS PROVIDED WITH THE LIVING ENVIRONMENT AND LEVEL OF CARE THAT BEST SUITS THE INDIVIDUAL'S NEEDS. ITS AFFORDABLE SERVICES OFFER FLEXIBILITY AND STABILITY WHILE MAXIMIZING INDEPENDENCE WITH A SENSE OF SECURITY AND CONFIDENCE FOR LOW TO MID-INCOME SENIORS "ADDING LIFE TO YEAR". 16 16 0 16 0 0 280 610 0 0 20834 14763 50 50 21164 15423 0 1035440 0 0 0 0 0 0 0 46861 38451 46861 1073891 -25697 -1058468 2476236 228574 455093 54427 2021143 174147 X THE PRIMARY EXEMPT PURPOSE IS TO PROVIDE ELDERLY PERSONS ON A NON-PROFIT BASIS RENTAL HOUSING, HEALTH CARE, ASSISTED LIVING AND OTHER FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED AND CONTRIBUTING TO THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING; TO THAT END, IT IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF ALDERSBRIDGE COMMUNITIES, WINSLOW GARDENS, ARBOR HILL ASSISTED LIVING, AND LINN HEALTH AND REHABILITATION. 0 0 1035440 1035440 MANAGEMENT OF INVESTMENTS AND OTHER SUPPORTING ACTIVITIES FOR THE BENEFIT OF RELATED ORGANIZATIONS THAT ARE ALSO ORGANIZATIONS EXEMPT FROM TAXATION. 1035440 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 X JOSEPH DURAND 4014387210 40 IRVING AVENUE EAST PROVIDENCE RI 02914 MICHAEL COLE PRESIDENT 1.00 6.00 X X 0 0 0 LAUREN A FLORIO VICE PRESIDENT 1.00 6.00 X X 0 0 0 SUSAN CERRONE ABELY TREASURER 1.00 6.00 X X 0 0 0 HANNAH BELL-LOMBARDO SECRETARY 1.00 7.00 X X 0 0 0 ERIC CHASON BOARD MEMBER 0.10 1.30 X 0 0 0 JOCELYNE DE GOUVENAIN BOARD MEMBER 0.10 1.30 X 0 0 0 TJ DELSANTO BOARD MEMBER 0.10 1.30 X 0 0 0 ANTHONY F DOLPHIN BOARD MEMBER 0.10 1.30 X 0 0 0 JODI L GLASS BOARD MEMBER 0.10 2.30 X 0 0 0 BRUCE W GLASS BOARD MEMBER 0.10 2.20 X 0 0 0 ELIZABETH H HOWLETT BOARD MEMBER 1.00 5.00 X 0 0 0 REV DR JAMES MARTIN BOARD MEMBER 1.00 4.00 X 0 0 0 JOHN F O'ROURKE BOARD MEMBER 1.00 4.00 X 0 0 0 FRANCIS A RICHARDS BOARD MEMBER 1.00 5.00 X 0 0 0 NANCY RUZZO BOARD MEMBER 0.10 1.30 X 0 0 0 BISHOP THOMAS J BICKERTON BOARD MEMBER 0.10 1.30 X 0 0 0 RICHARD GAMACHE CEO 0.00 40.00 X 0 232545 22558 JOSEPH DURAND CFO 0.50 39.50 X 0 120237 24339 SANDRA CULLEN COO 0.00 40.00 X 0 109559 15320 0 462341 62217 0 0 1 0 0 610 610 11788 11788 943597 940622 2975 2975 2975 OTHER INCOME 900099 50 50 50 15423 0 0 14813 1035440 1035440 22223 22223 9439 9439 5584 5584 OTHER 1205 1205 1073891 1035440 38451 0 21068 13869 1180 1181 25665 25665 0 0 1180211 213524 1273777 0 2476236 228574 441637 32204 13456 22223 455093 54427 X 1037646 -415324 983497 589471 2021143 174147 2476236 228574 X -1058468 59577 -848105 X X 0 1 X 1 0 X X 4 WINSLOW GARDENS 050318003 10 1 0 0 ALDERSBRIDGE COMMUNITIES (FKA UN 050500898 7 1 1035440 0 LINN HEALTH AND REHABILITATION 050500899 7 1 0 0 ARBOR HILL ASSISTED LIVING 452047960 10 0 0 0 4 1035440 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G, COLUMN IV: ARBOR HILL ASSISTED LIVING IS NOT LISTED IN THE ALDERSBRIDGE FOUNDATION'S GOVERNING DOCUMENTS. HOWEVER, BOTH ORGANIZATIONS HAVE THE SAME MEMBERS ON THEIR RESPECTIVE BOARDS OF DIRECTORS. ARBOR HILL ASSISTED LIVING HAS BEEN A SUPPORTED ORGANIZATION SINCE 2012. THE ALDERSBRIDGE FOUNDATION'S HISTORIC AND CONTINUING RELATIONSHIP WITH ARBOR HILL HAS BEEN FOR PROVIDING SUPPORT AND FINANCIAL ASSISTANCE. PART IV, SECTION A, LINE 1: ARBOR HILL ASSISTED LIVING HAS BEEN A SUPPORTED ORGANIZATION SINCE 2012. THE ALDERSBRIDGE FOUNDATION'S HISTORIC AND CONTINUING RELATIONSHIP WITH ARBOR HILL HAS BEEN FOR PROVIDING SUPPORT AND FINANCIAL ASSISTANCE. 1076509 62712 490949 648272 873703 25333 177473 1076509 1048189 4967 -179453 873703 956772 1250 111131 20964 1048189 855236 250 124861 23575 956772 1.00000 0 0 25665 25665 0 0 DUE TO AFFILIATE 22223 22223 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED TO SUPPORT FUTURE OPERATIONS AND CAPITAL PROJECTS OF THE RELATED ORGANIZATIONS. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2024. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE TAX JURISDICTIONS. 1 ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 40 IRVING AVENUE EAST PROVIDENCE RI 02914 050500898 501(C)(3) 1035440 0 SUPPORT OF RELATED ORGANIZATION 1 PART I, LINE 2: FUNDS ARE RECEIVED AND DEPOSITED INTO A SEPARATE BANK ACCOUNT (BITS ACCOUNT). WHEN PROJECT IS COMPLETE, PAYMENTS ARE MADE TO VENDORS BASED ON QUOTES RECEIVED OR INVOICES. 0 0 0 0 0 0 0 0 0 RICHARD GAMACHE CEO 0 232545 0 0 0 0 0 14100 0 8458 0 255103 0 0 PART I, LINE 3 THE SOLE MEMBER OF THIS CORPORATION, ALDERSBRIDGE COMMUNITIES' FINANCE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE CHIEF EXECUTIVE OFFICER'S COMPENSATION. THE COMMITTEE TAKES INTO ACCOUNT THE COMPENSATION PAID TO SIMILAR CHIEF EXECUTIVE OFFICERS AT COMPARABLE NON-PROFIT ORGANIZATIONS IN THE AREA. THE COMMITTEE ALSO CONSIDERS THE PERFORMANCE OF THE ORGANIZATION DURING THE REVIEW PERIOD AND THE CHIEF EXECUTIVE OFFICER'S SUCCESS IN ACHIEVING THE ORGANIZATION'S GOALS. THE DISCUSSIONS AND DECISION OF THE CHIEF EXECUTIVE OFFICER'S COMPENSATION ARE DOCUMENTED BY THE FINANCE COMMITTEE DURING ITS MEETING. FORM 990, PART VI, SECTION A, LINE 2 OFFICERS JOSEPH DURAND, SANDRA CULLEN, AND RICHARD GAMACHE HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER THROUGH THEIR EMPLOYMENT BY RELATED ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THIS CORPORATION IS ALDERSBRIDGE COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SHALL BE ELECTED BY THE SOLE MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP OF THE ORGANIZATION ARE ELECTED TO THE CORPORATION BY THE NEW ENGLAND CONFERENCE OF THE UNITED METHODIST CHURCH. FORM 990, PART VI, SECTION B, LINE 11B IT IS ALDERSBRIDGE FOUNDATION'S POLICY THAT ALDERSBRIDGE COMMUNITIES' FINANCE COMMITTEE WILL REVIEW THE IRS FORM 990 THAT IS FILED ON THE ORGANIZATION'S BEHALF. THE FINANCE COMMITTEE WILL REPORT ITS REVIEW TO THE BOARD OF DIRECTORS. A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH BOARD MEMBER AND MANAGER TO PROVIDE AN INITIAL AND THEREAFTER AN ANNUAL CONFLICT OF INTEREST STATEMENT ATTESTING THAT HE OR SHE HAS READ AND IS FAMILIAR WITH THE CONFLICT OF INTEREST POLICY. IN THE CONFLICT OF INTEREST POLICY THEY ARE REQUIRED TO DISCLOSE ANY RELATIONSHIPS OR BUSINESS DEALINGS IN WHICH THERE IS THE POTENTIAL FOR A CONFLICT OF INTEREST TO EXIST. THE CHIEF EXECUTIVE OFFICER ENSURES THAT CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY ALL THOSE REQUIRED. IF A CONFLICT OF INTEREST ARISES THEN IT IS REFERRED TO THE EXECUTIVE BOARD FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE TAKES INTO ACCOUNT THE COMPENSATION PAID TO SIMILAR CHIEF EXECUTIVE OFFICERS AT COMPARABLE NON-PROFIT ORGANIZATIONS IN THE AREA. THE COMMITTEE ALSO CONSIDERS THE PERFORMANCE OF THE ORGANIZATION DURING THE REVIEW PERIOD AND THE CHIEF EXECUTIVE OFFICER'S SUCCESS IN ACHIEVING THE ORGANIZATION'S GOALS. THE DISCUSSIONS AND DECISION OF THE CHIEF EXECUTIVE OFFICER'S COMPENSATION ARE DOCUMENTED BY THE FINANCE COMMITTEE DURING ITS MEETING. THE CHIEF EXECUTIVE OFFICER REVIEWS ALL MANAGEMENT EMPLOYEES FOR COMPENSATION DECISIONS. THESE DECISIONS ARE MADE WITHIN THE PARAMETERS ESTABLISHED IN THE BUDGET THAT IS APPROVED BY THE BOARD OF DIRECTORS. THE CHIEF EXECUTIVE OFFICER CONSIDERS THE PERFORMANCE OF EACH INDIVIDUAL DURING THE REVIEW PERIOD AND CONSIDERS THE EMPLOYEE'S SUCCESS IN ACHIEVING THE ORGANIZATIONAL GOALS. ALSO, THE CHIEF EXECUTIVE OFFICER COMPARES COMPENSATION OF COMPARABLE NON-PROFIT ORGANIZATIONS IN THE AREA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE MAIN OFFICE UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE-OFF OF RELATED PARTY ADVANCES -848,105. FROM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS. ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 40 IRVING AVENUE EAST PROVIDENCE RI 02914 050500898 MANAGES THE OPERATIONS AND FUNDRAISING ACTIVITIES OF RELATED ORGANIZATIONS RI 501(C)(3) LINE 7 N/A 0 LINN HEALTH AND REHABILITATION (FKA UNITED METHODIST HEALTH CARE CENTER) 40 IRVING AVENUE EAST PROVIDENCE RI 02914 050500899 OPERATION OF A 44 UNIT ASSISTED LIVING MEMORY CARE FACILITY RI 501(C)(3) LINE 7 ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 0 WINSLOW GARDENS (FKA UNITED METHODIST RETIREMENT CENTER) 40 IRVING AVENUE EAST PROVIDENCE RI 02914 050318003 OPERATION OF A 114 UNIT RETIREMENT AND ASSISTED LIVING CENTER RI 501(C)(3) LINE 10 ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 0 ARBOR HILL ASSISTED LIVING 153 DEAN STREET PROVIDENCE RI 02903 452047960 OPERATION OF A 53 UNIT ASSISTED LIVING FACILITY FOR THE ELDERLY RI 501(C)(3) LINE 10 ALDERSBRIDGE COMMUNITIES (FKA UNITED METHODIST ELDER CARE) 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0