Lasell Village Inc

Organization Overview

Lasell Village Inc is located in Auburndale, MA. The organization was established in 1990. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Lasell Village Inc employed 237 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lasell Village Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Lasell Village Inc generated $21.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $23.2m during the year ending 06/2021. While expenses have increased by 3.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LASELL VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY, ON THE CAMPUS OF LASELL UNIVERSITY, WITH INDEPENDENT, SUPPORTED, AND SKILLED NURING RESIDENTS.

Describe the Organization's Program Activity:

LASELL VILLAGE IS A PREMIER LIFE PLAN COMMUNITY THAT INTEGRATES A UNIQUE EDUCATIONAL EXPERIENCE WITH QUALITY SERVICES AND CARE. THE PRESIDING PHILOSOPHY OF EDUCATION AT LASELL IS THAT LEARNING IS A WAY OF BEING AN APPROACH TO LIVING THROUGH WHICH RESIDENTS PURSUE INTERESTS AND ENGAGE IN NEW EXPERIENCES THAT ENRICH THEIR LIVES. LASELL VILLAGE IS A VIBRANT LIFE PLAN COMMUNITY AND HOME TO APPROXIMATELY 265 RESIDENTS IN NEWTON, MASSACHUSETTS WHERE RESIDENTS ARE REQUIRED TO PARTICIPATE IN 450 HOURS OF LEARNING AND ENGAGEMENT EACH YEAR. LOCATED ON THE CAMPUS OF LASELL UNIVERSITY, IT COMBINES HOUSING, HEALTHCARE, HIGHER EDUCATION AND HOSPITALITY ON A MULTI-GENERATIONAL CAMPUS. IT OFFERS AN ARRAY OF LIFESTYLE AND HEALTH CARE SERVICES, COMBINING THE ELEMENTS OF LIFELONG LEARNING, SUPPORT SERVICES AND LONG-TERM CARE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lasell University
Management Contract
$2,437,505
Genesis Rehabilitation Services
Rehab For Skilled Nursing Unit
$461,376
Genesis Eldercare
Skilled Nursing Mgmt. Contract
$287,295
Commodore Builders
Construction Management
$1,634,472
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$17,326
Noncash contributions included in lines 1a–1f $5,825
Total Revenue from Contributions, Gifts, Grants & Similar$17,326
Total Program Service Revenue$19,047,247
Investment income $1,595,566
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $859,877
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,782,150

Endowment Analysis

Beg. Balance$120,737
Earnings$86
Net Contributions$17,240
Ending Balance$138,063

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