Lasell Village
Lasell Village reported $27.0 million in revenue and $29.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.00 went to program services, $15.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 86.5% of the total. The highest compensation it reported for one person was $494,709 (CEO - LASELL VILLAGE). 14 people received more than $100,000 in reportable compensation. Revenue rose 28% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $29MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $27MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.0% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.0% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.3% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 86.5% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $494,709 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.69% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 14 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -13.0 | 10.0 |
| Independent voting board members Part VI 1a–1b | 14 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseLasell 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO - LASELL VILLAGE Officer, 10.00 hrs/week | $0 | $382,748 | $111,961 | $494,709 |
| PRESIDENT - LASELL VILLAGE Officer, 40.00 hrs/week | $0 | $307,390 | $54,901 | $362,291 |
| CFO - LASELL UNIVERSITY Officer, 10.00 hrs/week | $0 | $261,527 | $14,643 | $276,170 |
| CFO & TREASURER (UNTIL JUNE 2025) Officer, 40.00 hrs/week | $202,575 | $0 | $50,636 | $253,211 |
| AVP OF FACILITIES & CAPITAL MGT Highest compensated employee, 40.00 hrs/week | $191,538 | $0 | $46,436 | $237,974 |
| DIRECTOR OF MARKETING Highest compensated employee, 40.00 hrs/week | $193,106 | $0 | $43,139 | $236,245 |
| CHIEF OF PEOPLE Highest compensated employee, 40.00 hrs/week | $160,486 | $0 | $46,138 | $206,624 |
| HEALTHCARE ADMIN Highest compensated employee, 40.00 hrs/week | $178,119 | $0 | $13,301 | $191,420 |
14 people received more than $100,000 in reportable compensation from Lasell Village (Part VII, line 2). Compensation of current officers, directors and key employees totaled $385K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5253
- Volunteers Part I, line 620
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| DIMELLA SHAFFER ASSOCIATES Architectural | $2,131,502 |
| LASELL UNIVERSITY Management contract | $1,806,268 |
| POWERBACK REHABILITATION Rehab for skilled nursing unit | $782,038 |
| THE VERTEX COMPANIES Project management | $291,421 |
| MCCARTER & ENGLISH LLP Legal | $216,043 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Lasell Village's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lasell Village, you can publish a response that is linked from this page.
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Of every $100 Lasell Village spent in FY2025, $85.00 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in Massachusetts
Questions people ask
How much of Lasell Village's spending goes to programs?
In the fiscal year ending June 30, 2025, Lasell Village reported that 85.0% of its $29.2 million in expenses went to program services, 15.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lasell Village pay its top executive?
The largest total compensation Lasell Village reported for one person in the fiscal year ending June 30, 2025 was $494,709, for the role of CEO - LASELL VILLAGE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lasell Village get its money?
Of $27.0 million in revenue in the fiscal year ending June 30, 2025, 0.3% came from contributions and grants and 86.5% from program service revenue (Form 990, Part VIII).
Is Lasell Village a registered charity?
The IRS lists EIN 22-3042122 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601219349301660 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541299349303794 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349310516 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321249349302022 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211309349302836 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121179349301517 · read the filing
All filings for EIN 22-3042122: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.