Ocean State Assisted Living

“The saint elizabeth community purchased 100% member interest in november 2024.”

“Ocean state assisted living d/b/a the seasons east greenwich ("osal") was incorporated as a rhode island non business corporation and obtained its tax-exempt status as a 501(c)(3) organization on january 12, 2001. Steere house nursing & rehabilitation center ("steere") and scandinavian home, inc. D/b/a scandinavian communities ("scandinavian"), two rhode island non-profit corporations, were members of osal through november 14, 2024. As of november 15, 2024, the saint elizabeth community became the sole member of osal. Osal is governed by the saint elizabeth community's board of trustees.”

“The related organization - the saint elizabeth community establishes the board.”

“The saint elizabeth community audit committee reviews and approves the form 990 prior to issuance and recomends to the board of trustees to accept the filing.”

“Board of trustees and senior management are required to submit annual disclosure statements in accordance with osal's conflict of interest policy. Any potential conflicts of interest that may arise periodically must be disclosed to the board. To ensure that the osal operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted.”

“Compensation for the president and top management is determined based on analysis prepared by an outside compensation analyst that determines the appropriateness of salaries. A salary survey was completed for the leadership staff of the saint elizabeth community. Results of the survey are used and compared against industry statistics and inflation rates in determining appropriate compensation of officers and key employees.”

“The governing documents, conflict of interest policy and financial statements are available to the public at the saint elizabeth community location.”

“Contracted dining, housekeeping and maintenance: program service expenses 1,151,799. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,151,799. Food: program service expenses 392,302. Management and general expenses 0. Fundraising expenses 0. Total expenses 392,302. Other fees: program service expenses 59,690. Management and general expenses 28,976. Fundraising expenses 0. Total expenses 88,666. Bank fees and serv. Charges: program service expenses 0. Management and general expenses 6,800. Fundraising expenses 0. Total expenses 6,800.”