Lasell Village Inc

Overview

Mission

Lasell village, sponsored by lasell university, is home to some 265 residents in its independent living apartments, supported living studios and includes a 38 bed skilled nursing facility. Open since may 2000, the village combines the elements of lifelong learning, retirement living, support services, short-term rehabilitation and long-term care.

What it reported doing in 2024

Lasell village operates a continuing care retirement community and provides, in cooperation with lasell university, residential and non-residential education programs for elderly persons. Through intergenerational learning activities with the faculty and students of lasell university and programs sponsored by the on-site rosemary b. Fuss center for research on aging and intergenerational studies, lasell village disseminates current and broad-based information about aging and factors that contribute to well-being in later life. Lasell village sponsors and partners in research with other educational and research institutions regarding the cognitive, emotional, physical needs and capabilities of the elderly and the value of continued learning in later life. Number of residents enrolled per semester and the number of courses offered: fall 2024 - 212 residents enrolled in 28 coursesspring 2025 - 192 residents enrolled in 23 coursessummer 2025 - 168 residents enrolled in 22 courses

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
223042122
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Headquarters
Auburndale, MA, USA
Phone
6176637000
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.1%; rating input score 88
  • Program expense ratio: 85%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -8.3%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 8.21; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 1.13; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 88.1% of revenue deployed · 85% of spending went to programs
  • Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $24.8M in reported program spending
  • Leadership: top reported pay $495K · 24 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.2M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

24 people listed

Highest reported compensation

  • ERIC TURNER (CEO - LASELL VILLAGE): $494,709 total reported compensation
  • ZEHRA ABID-WOOD (PRESIDENT - LASELL VILLAGE): $362,291 total reported compensation
  • ANDREW MAYLOR (CFO - LASELL UNIVERSITY): $276,170 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.