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Nonprofiteer
← MASONICARE CORPORATION

Form 990 for tax year 2024

Filed by MASONICARE CORPORATION.

Totals

Total revenue
$18,089,888
Total expenses
$21,108,380
Contributions and grants received
$0
Grants paid
$35,000
Program service revenue
$8,717,281
Investment income
$6,233,065
Other revenue
$3,139,542
Total assets, end of year
$45,677,964
Total liabilities, end of year
$107,370,930
Net assets or fund balances, end of year
-$61,692,966
Program services expenses (Part IX)
$21,108,380
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$21,108,380

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MANAGEMENT FEES

    total $8,717,281 · related or exempt $8,717,281

  • 3 · Investment income

    total $6,230,929 · excluded $6,230,929

  • 6a · Gross rents

    real property $530,495

  • 6b · Less rental expenses

    real property $119,875

  • 6c · Rental income or loss

    real property $410,620

  • 6d · Net rental income or loss

    total $410,620 · excluded $410,620

  • 7a · Gross sales of assets other than inventory

    securities $2,586,357

  • 7b · Less cost or other basis and sales expenses

    securities $2,584,221

  • 7c · Gain or loss

    securities $2,136

  • 7d · Net gain or loss

    total $2,136 · excluded $2,136

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $1,658,806 · excluded $1,658,806

  • 11b · Other revenue: TRANSPORTATION

    total $1,037,154 · excluded $1,037,154

  • 11c · Other revenue: REBATES

    total $32,617 · excluded $32,617

  • 11d · All other revenue

    total $345 · excluded $345

  • 11e · Other revenue, total

    $2,728,922

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,000 · program services $35,000

  • 5 · Compensation of officers, directors and key employees

    total $1,291,172 · program services $1,291,172

  • 7 · Other salaries and wages

    total $9,378,595 · program services $9,378,595

  • 8 · Pension plan contributions

    total $368,069 · program services $368,069

  • 9 · Other employee benefits

    total $1,290,365 · program services $1,290,365

  • 10 · Payroll taxes

    total $1,251,153 · program services $1,251,153

  • 11b · Fees: legal

    total $297,863 · program services $297,863

  • 11c · Fees: accounting

    total $21,000 · program services $21,000

  • 11g · Fees: other

    total $1,491,572 · program services $1,491,572

  • 12 · Advertising and promotion

    total $12,091 · program services $12,091

  • 13 · Office expenses

    total $348,666 · program services $348,666

  • 14 · Information technology

    total $11,148 · program services $11,148

  • 16 · Occupancy

    total $728,526 · program services $728,526

  • 17 · Travel

    total $45,289 · program services $45,289

  • 20 · Interest

    total $1,069,362 · program services $1,069,362

  • 22 · Depreciation, depletion and amortization

    total $1,212,074 · program services $1,212,074

  • 23 · Insurance

    total $1,355,194 · program services $1,355,194

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $529,497 · program services $529,497

  • 24b · Other expenses: COMMUNITY/FRATERNAL REL

    total $130,752 · program services $130,752

  • 24c · Other expenses: BUSINESS EXPENSE REIMBU

    total $93,566 · program services $93,566

  • 24d · Other expenses: FOOD

    total $48,379 · program services $48,379

  • 24e · All other expenses

    total $99,047 · program services $99,047

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $370,548 · end of year $51,712

  • 7 · Other notes and loans receivable

    beginning of year $3,553,381 · end of year $3,963,980

  • 8 · Inventories for sale or use

    beginning of year $72,938 · end of year $56,142

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,183,865 · end of year $739,181

  • 10a · Land, buildings and equipment: cost or other basis

    $26,457,210

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,036,837

  • 10c · Land, buildings and equipment, net

    beginning of year $8,829,057 · end of year $8,420,373

  • 12 · Investments: other securities

    beginning of year $1,920,067 · end of year $1,911,415

  • 13 · Investments: program-related

    beginning of year $26,581,018 · end of year $26,581,018

  • 15 · Other assets

    beginning of year $3,874,158 · end of year $3,954,143

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,104,173 · end of year $3,319,202

  • 20 · Tax-exempt bond liabilities

    beginning of year $93,877,925 · end of year $90,603,057

  • 21 · Escrow or custodial account liability

    beginning of year $13,037 · end of year $38,287

  • 23 · Secured mortgages and notes payable

    beginning of year $6,750,000 · end of year $1,000

  • 25 · Other liabilities

    beginning of year $14,450,299 · end of year $13,409,384

  • 27 · Net assets without donor restrictions

    beginning of year -$72,810,402 · end of year -$61,692,966

Mission and programs · 2024

Mission

MASONICARE IS A PARENT HOLDING COMPANY AND SUPPORT ORGANIZATION FOR ITS AFFILIATE CORPORATIONS (COLLECTIVELY REFERRED TO AS "MASONICARE OR THE "SYSTEM"). MASONICARE WAS ORGANIZED IN 1995 FOR THE BENEFIT OF PROVIDING LONG RANGE STRATEGIC AND FINANCIAL PLANNING, POLICY DEVELOPMENT AND SUPPORT SERVICES FOR ITS AFFILIATES WHICH PROVIDE CONTINUING CARE RETIREMENT SERVICES AND OTHER HOUSING, HEALTHCARE AND RELATED SERVICES TO OLDER ADULTS. TRACING ITSELF TO ITS PREDECESSOR, THE MASONIC CHARITY FOUNDATION OF CONNECTICUT, THE PRINCIPAL PURPOSES OF THE CORPORATE SYSTEM ARE TO AID, ASSIST OR SUPPORT THE AGED, SICK OR INFIRM SPECIFIED GROUPS, AND OTHERWISE PROVIDE FOR THE NEEDS OF AN AGING POPULATION. IN FURTHERANCE OF ITS TRADITIONAL VALUES, THE MISSION OF MASONICARE IS TO ENHANCE THE QUALITY OF LIFE BY PROVIDING HEALTH, SOCIAL AND SPIRITUAL CARE THROUGHOUT AN INDIVIDUAL'S LIFETIME WITH EMPHASIS ON THE NEEDS OF OLDER PERSONS.

Activities or mission (Part I)

MASONICARE IS A PARENT HOLDING COMPANY AND SUPPORT ORGANIZATION FOR ITS AFFILIATE CORPORATIONS.

  • PROVIDES MANAGEMENT SUPPORT FOR ITS AFFILIATES WHO PROVIDE GERIATRIC CARE SERVICES, HOSPITAL SERVICES, MANAGEMENT SERVICES, FUNDRAISING SERVICES AND INVESTMENT MANAGEMENT SERVICES. THIS IS DONE WITH A VIEW OF FURTHERING THE LONG-RANGE GOALS AND TRADITIONAL OBJECTIVES AND VALUES OF PROVIDING FOR THE NEEDS OF AN AGING POPULATION.

    Expenses $21,108,380 · Grants $35,000 · Revenue $8,717,281

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chirstopher J Earle

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Bruce R Bellmore

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Bonnie McWain

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Newton Buckner

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Shane Dufresne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Robert J Furce

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Kevin J Hecht

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • F Matthew Heinrich Jr

    TRUSTEE (EFFECTIVE 04/01/25)

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Shelby Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Rinaldo Magliano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Laura Michnowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Theodore J Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Jay S Nickse

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Matthew L O'Connor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Edward C Page

    TRUSTEE (THRU 03/31/25)

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Thaddeus M Stewart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Mark Winne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Jon-Paul Venoit

    PRESIDENT & CEO, ASSISTANT SECRETARY

    Total calculated
    $855,894
    From this org
    $769,803
    From related orgs
    $0
    Other
    $86,091
    Hours/week
    40 + 9 related

    Schedule J breakdown matched by us

    Base
    $682,194
    Bonus
    $40,000
    Other
    $47,609
    Deferred
    $43,404
    Nontaxable benefits
    $42,687
    Filer's total
    $855,894

  • David Lawlor Cfo Assistant

    TREASURER (EFFECTIVE 01/01/25)

    Total calculated
    $829,570
    From this org
    $796,666
    From related orgs
    $0
    Other
    $32,904
    Hours/week
    40 + 9 related

    Schedule J breakdown matched by us

    Base
    $796,666
    Bonus
    $0
    Other
    $0
    Deferred
    $31,800
    Nontaxable benefits
    $1,104
    Filer's total
    $829,570

  • Steven D Beaulieu Cfo

    ASSISTANT TREASURER (THRU 12/31/24)

    Total calculated
    $261,119
    From this org
    $195,468
    From related orgs
    $0
    Other
    $65,651
    Hours/week
    40 + 9 related

    Schedule J breakdown matched by us

    Base
    $160,033
    Bonus
    $13,571
    Other
    $21,864
    Deferred
    $29,291
    Nontaxable benefits
    $36,360
    Filer's total
    $261,119

  • Ann Collette Krantz

    CHIEF OF STRATEGY

    Total calculated
    $290,346
    From this org
    $219,768
    From related orgs
    $0
    Other
    $70,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,721
    Bonus
    $3,500
    Other
    $4,547
    Deferred
    $39,275
    Nontaxable benefits
    $31,303
    Filer's total
    $290,346

  • Edward Dooling

    CHIEF OF HEALTHCARE SERVICE

    Total calculated
    $272,481
    From this org
    $237,858
    From related orgs
    $0
    Other
    $34,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,062
    Bonus
    $3,500
    Other
    $13,296
    Deferred
    $31,915
    Nontaxable benefits
    $2,708
    Filer's total
    $272,481

  • Holly Warner

    REGIONAL DIRECTOR, SALES MARKETING

    Total calculated
    $247,809
    From this org
    $176,621
    From related orgs
    $0
    Other
    $71,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $95,518
    Bonus
    $77,350
    Other
    $3,753
    Deferred
    $30,110
    Nontaxable benefits
    $41,078
    Filer's total
    $247,809

  • Lindsey S Smith

    VP HUMAN RESOURCES

    Total calculated
    $207,645
    From this org
    $180,871
    From related orgs
    $0
    Other
    $26,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,200
    Bonus
    $2,000
    Other
    $671
    Deferred
    $14,316
    Nontaxable benefits
    $12,458
    Filer's total
    $207,645

  • Ronald Schwartz

    SENIOR DIRECTOR OF CONTINUUM HEALTH SERVICES CARE

    Total calculated
    $347,883
    From this org
    $288,788
    From related orgs
    $0
    Other
    $59,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,069
    Bonus
    $10,719
    Other
    $0
    Deferred
    $41,500
    Nontaxable benefits
    $17,595
    Filer's total
    $347,883

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
COMPENSATION TO REWARD EMPLOYEES FOR ACHIEVING ANNUAL QUALITY, STRATEGIC AND FINANCIAL GOALS FOR THE ORGANIZATION FOR AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II) "BONUS AND INCENTIVE COMPENSATION".

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SENIOR LIVING BY MASONICARE LLC

    RELATED · PROVIDE SERVICES TO THE ELDERLY · CT

    Directly controlled by MASONICARE AT MYSTIC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GENM SENIOR CARE CONSULTING GROUP LLC

    C · CONSULTING · CT · 100% owned · share of income $462,078 · share of assets $49,483 · controlled entity

    Directly controlled by MASONICARE CORPORATION

  • THE LONG HILL COMPANY

    C · SERVICE MANAGEMENT · CT

    Directly controlled by UNITED METHODIST HOMES INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2026
IRS schema version
2024v5.5
Source object
202622299349302802

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