In accordance with 651 CMR 12.04(13)(a)(1), (13) A Sponsor of an ALR shall file annually, within 90 days following the end of an Assisted Living Residence's fiscal year, a financial disclosure form prescribed by EOEA which sets forth a statement by the Sponsor based on reviewed or audited financial statements prepared by a certified public accountant. All financial statements must be sufficient to permit EOEA to assess the Residence's fiscal condition and ability to meet the requirements of the service plans established for its Residents is adequate. Upon written request to EOEA, the Secretary may extend such 90-day period by an additional period, not to exceed 30 days.
To minimize the burden on ALRs to meet the annual reporting requirement, EOEA is now collecting the annual Financial Disclosure Statements using an online instrument where you complete a brief survey and upload the completed form. The following link will bring you to the Key Survey tool https://app.keysurvey.com/f/41613745/ab04/
If you have questions or issues with the submission, please contact Michael Venditto at michael.venditto@mass.gov with any questions.
Please note that “Failure to timely submit each annual report will result in a finding of noncompliance at the next Certification review.”