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Nonprofiteer
← OCEAN STATE ASSISTED LIVING

Form 990 for tax year 2022

Filed by OCEAN STATE ASSISTED LIVING.

Totals

Total revenue
$6,034,541
Total expenses
$6,051,449
Contributions and grants received
$117,551
Grants paid
$0
Program service revenue
$5,778,928
Investment income
$140,299
Other revenue
-$2,237
Total assets, end of year
$16,935,095
Total liabilities, end of year
$15,327,997
Net assets or fund balances, end of year
$1,607,098
Program services expenses (Part IX)
$5,500,470
Management and general expenses
$550,979
Fundraising expenses
$0
Program service expenses (Part III)
$5,500,470

Program services were 90.9% 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.

  • 1e · Government grants (contributions)

    $108,490

  • 1f · All other contributions, gifts and grants

    $9,061

  • 2a · Program service revenue: TENANT RENTS

    total $5,404,430 · related or exempt $5,404,430

  • 2b · Program service revenue: ANCILLARY SERVICES

    total $374,498 · related or exempt $374,498

  • 3 · Investment income

    total $82,448 · excluded $82,448

  • 7a · Gross sales of assets other than inventory

    other assets $730,138

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

    other assets $672,287

  • 7c · Gain or loss

    other assets $57,851

  • 7d · Net gain or loss

    total $57,851 · excluded $57,851

  • 11a · Other revenue: LOSS ON DISPOSAL OF FIXED ASSETS

    total -$2,237 · excluded -$2,237

  • 11e · Other revenue, total

    -$2,237

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $131,763 · program services $108,046 · management and general $23,717

  • 7 · Other salaries and wages

    total $1,844,196 · program services $1,518,835 · management and general $325,361

  • 8 · Pension plan contributions

    total $12,246 · program services $10,089 · management and general $2,157

  • 9 · Other employee benefits

    total $181,764 · program services $149,673 · management and general $32,091

  • 10 · Payroll taxes

    total $160,640 · program services $132,263 · management and general $28,377

  • 11b · Fees: legal

    total $54,591 · program services $54,591

  • 11c · Fees: accounting

    total $36,925 · management and general $36,925

  • 11f · Fees: investment management

    total $20,955 · management and general $20,955

  • 11g · Fees: other

    total $1,796,875 · program services $1,743,803 · management and general $53,072

  • 12 · Advertising and promotion

    total $37,853 · program services $37,853

  • 13 · Office expenses

    total $387 · program services $387

  • 14 · Information technology

    total $27,683 · program services $27,683

  • 16 · Occupancy

    total $723,552 · program services $723,552

  • 17 · Travel

    total $11,490 · program services $11,490

  • 20 · Interest

    total $307,985 · program services $307,985

  • 22 · Depreciation, depletion and amortization

    total $556,150 · program services $556,150

  • 23 · Insurance

    total $120,543 · program services $118,070 · management and general $2,473

  • 24a · Other expenses: CONSULTANT

    total $25,851 · management and general $25,851

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,229,598 · end of year $1,600,767

  • 4 · Accounts receivable

    beginning of year $27,952 · end of year $116

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,439 · end of year $70,107

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

    $14,453,050

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

    $10,258,277

  • 10c · Land, buildings and equipment, net

    beginning of year $4,544,797 · end of year $4,194,773

  • 11 · Investments: publicly traded securities

    beginning of year $4,061,332 · end of year $3,405,437

  • 15 · Other assets

    beginning of year $513,961 · end of year $7,663,895

  • 17 · Accounts payable and accrued expenses

    beginning of year $254,407 · end of year $602,436

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,459,176 · end of year $6,974,176

  • 25 · Other liabilities

    beginning of year $326,538 · end of year $7,751,385

  • 27 · Net assets without donor restrictions

    beginning of year $2,398,958 · end of year $1,607,098

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

ASSISTED LIVING COMMUNITY AND DEMENTIA CARE RESIDENCES.

  • PROVIDING QUALITY CARE WITH 66 TRADITIONAL ASSISTED LIVING APARTMENTS AND 20 DEMENTIA CARE RESIDENCES.

    Expenses $5,500,470 · Revenue $5,778,928

As filed on the 2022 return.

Listed in Part VII

  • Julie Richard

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • George Manley Jr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Craig Butzbach

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Julie Goulet

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Donald C Forster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Diane Steere Nobles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nicole Plante

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Swanson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daniel J Hughes

    FINANCE DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Haigouhi Corriveau

    ADMINISTRATOR

    Total calculated
    $131,763
    From this org
    $124,601
    From related orgs
    $0
    Other
    $7,162
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202323179349309762

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