2023-07-21T13:26:37-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 4334 MUNSON STREET SUITE 200 CANTON OH 44718 990 2022-01-01 341567246 KENDAL AT OBERLIN KEND 4407750094 600 KENDAL DRIVE OBERLIN OH 44074 BARBARA THOMAS CHIEF EXECUTIVE OFFICER 4407750094 2023-07-21 1 BARBARA THOMAS 999009999 1 JENNIFER COLEMAN P00743188 3304972000 2023-07-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BARBARA THOMAS 600 KENDAL DRIVE OBERLIN OH 44074 27690802 0 X WWW.KAO.KENDAL.ORG X 1990 OH FOUNDED ON QUAKER VALUES, WE OFFER A VIBRANT, DIVERSE, CARING COMMUNITY SERVING OLDER ADULTS AND CONTRIBUTING TO THE OBERLIN COMMUNITY AND BEYOND IN NORTHEAST OHIO. 18 18 302 224 0 0 841951 1112880 23748008 22250921 2756650 4193735 1133 938 27347742 27558474 302100 312648 0 0 10519144 11493962 6270 9898 9898 9892500 10709955 20720014 22526463 6627728 5032011 128343682 119793857 65791604 64527488 62552078 55266369 X FOUNDED AS A NONPROFIT ORGANIZATION BASED ON QUAKER VALUES, WE ARE A VIBRANT, DIVERSE, INCLUSIVE, CARING COMMUNITY FOCUSED ON HEALTHY AGING. (CONTINUED ON SCHEDULE O)WE SUPPORT INDIVIDUAL LIFESTYLES BY PROMOTING INDEPENDENCE, CONTINUOUS LEARNING, ENGAGEMENT IN AND SERVICE TO THE WIDER COMMUNITY, SOCIAL AND INTERGENERATIONAL RELATIONSHIPS, AND EXCELLENT HEALTH CARE. KENDAL AT OBERLIN OPERATES A CONTINUING CARE RETIREMENT FACILITY IN OBERLIN, OH CONSISTING OF 225 RESIDENTIAL UNITS WITH A COMMON FACILITY, 12 CERTIFIED AND LICENSED MEDICARE NURSING HOME BEDS AND 55 LICENSED UNITS FOR RESIDENTIAL CARE, AND 12 PRIVATE MEMORY CARE SUITES. PROGRAM SERVICE COSTS ALSO INCLUDE ADMISSION EXPENSES. SERVICES INCLUDE HOUSING, CENTRAL DINING, A FULL CONTINUUM OF CARE ON PREMISES, AS WELL AS SOCIAL, CULTURAL AND RECREATIONAL ACTIVITIES. 0 0 18628633 312648 22250921 KENDAL AT OBERLIN OPENED IN 1993 AND HAS PROVIDED SERVICES TO OVER 911 RESIDENTS FROM 37 STATES AND THE DISTRICT OF COLUMBIA. KENDAL AT OBERLIN IS A LIFE PLAN COMMUNITY (ALSO KNOWN AS A CONTINUING CARE RETIREMENT COMMUNITY), AN ACCREDITED ORGANIZATION UNDER THE COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES (CARF) STANDARDS AND HAS BEEN IDENTIFIED AS A 5 STAR RATED NURSING HOME BY THE CENTER OF MEDICARE AND MEDICAID SERVICES (CMS). KENDAL AT OBERLIN HAS ALSO RECEIVED A SPECIAL DESIGNATION AS A PERSON CENTERED LONG TERM CARE COMMUNITY AND AS A DEMENTIA CARE SPECIALTY PROGRAM BY CARF.(CONTINUED ON SCHEDULE O)KENDAL AT OBERLIN IS COMMITTED TO SOCIAL RESPONSIBILITY BY PROVIDING LEADERSHIP IN THE GREATER COMMUNITY AND MAKING KENDAL'S CAMPUS SPACES AND ONSITE PROGRAMS ACCESSIBLE TO THE LARGER COMMUNITY. SOME OF THE WAYS KENDAL CONNECTS WITH THE LARGER COMMUNITY INCLUDE:-KENDAL WELCOMES THE PUBLIC TO ART GALLERY TALKS, LECTURES, THEATRICAL AND MUSICAL PERFORMANCES FREE OF CHARGE.-OUR MEETING ROOMS WERE MADE AVAILABLE TO OVER 30 NONPROFIT ORGANIZATIONS FREE OF CHARGE.-MORE THAN 100 NEIGHBORING OLDER ADULTS ARE SERVED ANNUALLY IN KENDAL'S REHABILITATION AND FITNESS PROGRAMS.-MORE THAN 100 LOCAL STUDENTS FROM NURSING, REHABILITATION AND VOCATIONAL SCHOOLS WERE PROVIDED CLINICAL TRAINING AT KENDAL AT OBERLIN TO PREPARE THEM PROFESSIONALLY.-MORE THAN 28 AREA FAMILIES USE KENDAL'S ACCREDITED 5-STAR EARLY LEARNING PROGRAM (RATED BY THE STATE OF OHIO) FROM TODDLERS TO PRE-KINDERGARTEN CHILDREN. KENDAL AT OBERLIN'S EARLY LEARNING CENTER IS A PARTNER MEMBER AND ON THE STEERING COMMITTEE OF THE OBERLIN KIDS COLLABORATIVE THAT WAS ESTABLISHED BY THE UNITED WAY FOUNDATION. THE PROGRAM DEPENDS ON PARTNER ENGAGEMENT TO DEVELOP SOLUTIONS TO ENSURE ALL CHILDREN FROM BIRTH THROUGH PRE-K ENTER OBERLIN SCHOOL YEARS HEALTHY AND READY TO LEARN. THEIR FOCUS IS ON COMMUNITY-LEVEL IMPACT TO SUPPORT CHILDREN AND FAMILIES THROUGH SYSTEMS OF CHANGE, RESEARCH AND EVALUATION, ADVOCACY, AND PROGRAMMING. -KENDAL AT OBERLIN RECENTLY RECEIVED A PROGRAM OF DISTINCTION FROM GENERATIONS UNITED FOR ITS INTERGENERATIONAL PROGRAMMING OFFERED THROUGH KENDAL'S EARLY LEARNING CENTER, INVOLVEMENT WITH HIGH SCHOOL AND COLLEGE LEVEL STUDENTS IN PROGRAMMING THROUGHOUT THE CAMPUS COMMUNITY.-THE CITY OF OBERLIN WAS ALSO RECOGNIZED AS BEING ONE OF THE 5 BEST INTERGENERATIONAL COMMUNITIES.-KENDAL AT OBERLIN HAS MADE REAL ESTATE TAX PAYMENTS OF OVER $7.9 MILLION SINCE 2000. THIS HAS RESULTED IN SIGNIFICANT ECONOMIC IMPACT TO THE CITY OF OBERLIN AND THE LOCAL SCHOOL SYSTEM.-KENDAL AT OBERLIN HAS APPROXIMATELY 223 EMPLOYEES WHICH HAVE PROVIDED OVER $384 MILLION OF ECONOMIC BENEFIT IN THE LAST TWO DECADES TO LORAIN COUNTY FROM THE PAYROLL DOLLARS PAID TO EMPLOYEES.-KENDAL AT OBERLIN RESIDENTS, STAFF AND BOARD OF DIRECTORS HAVE VOLUNTEERED 55,726 OF RECORDED SERVICE HOURS ON AN ANNUAL BASIS THAT BENEFIT OVER 80 DIFFERENT NONPROFIT ORGANIZATIONS IN LORAIN COUNTY. THESE VOLUNTEER HOURS HAVE AN ECONOMIC VALUE OF OVER $1.6 MILLION PER YEAR FOR A CUMULATIVE IMPACT OF APPROXIMATELY $22.3 MILLION OVER THE PAST 2 DECADES.-KENDAL AT OBERLIN IS A LEADER IN THE FIELD OF AGING SERVICES AND HAS BEEN INSTRUMENTAL IN SUPPORTING BOTH THE NATIONAL AND STATE LEADERSHIP ACADEMY PROGRAMS THROUGH STAFF LEADERSHIP.-LEADING AGE AND LEADING AGE OHIO (NATIONAL AND STATE AGING SERVICES ORGANIZATION) HAS RECOGNIZED KENDAL AT OBERLIN FOR THE FOLLOWING PROGRAMS THAT ARE CONSIDERED MODEL PRACTICES:1. HUMAN RESOURCES APPROACH OF RECRUITING FROM WITHIN, WHICH HAS SUCCESSFULLY RECRUITED AND RETAINED CURRENT EMPLOYEES;2. THE FALLS AT RISK PROGRAM WHICH HAS REDUCED THE NUMBER OF RESIDENT FALLS AND INJURIES;3. RECEIVED THE PUBLIC TRUST AWARD FOR KENDAL AT OBERLIN'S PUBLICITY PLUGS PROGRAM FOR PROVIDING POSITIVE PUBLICITY FOR OBERLIN SCHOOLS;4. RECOGNIZED FOR ACHIEVING EXCELLENCE IN SURVEY RESULTS;5. RATED AS A 5 STAR RATING BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES WHICH IS THE HIGHEST RATING POSSIBLE AND PLACES KENDAL AT OBERLIN AMONG THE TOP SKILLED NURSING FACILITIES IN THE STATE OF OHIO;6. LEADINGAGE OHIO AWARDED KENDAL AT OBERLIN'S MOLLY KAVANAUGH THE EXCELLENCE IN COMMUNICATIONS AWARD FOR PROMOTING A POSITIVE IMAGE OF SENIOR SERVICES.-IN ADDITION, KENDAL AT OBERLIN'S RESIDENTS AND STAFF ACTIVELY CONTRIBUTE AND ENGAGE IN A VARIETY OF COMMUNITY EVENTS SUCH AS THE ""WALK TO END ALZHEIMER'S"", UNITED WAY, OBERLIN SCHOOLS AND OBERLIN COMMUNITY SERVICES TO NAME ONLY A FEW.KENDAL AT OBERLIN CONTINUES TO BE COMMITTED TO PROVIDING A HIGH QUALITY PROGRAM IN SERVICE TO THE RESIDENTS, IS A LEADER IN THE FIELD OF AGING SERVICES AND COMMITTED TO PROVIDING OUTREACH TO THE LARGER COMMUNITY, ""TOGETHER, TRANSFORMING THE EXPERIENCE OF AGING"".VOLUNTARY EVENT DISCLOSURE - COVID-19:WITH THE WORLD HEALTH ORGANIZATION'S DECLARATION OF A WORLDWIDE PANDEMIC DUE TO THE SPREAD OF THE CORONAVIRUS (COVID-19), WE KNOW THERE IS AN IMPACT ON GLOBAL MARKETS, SUPPLY CHAINS, BUSINESSES, AND COMMUNITIES. THE IMPACTS ON KENDAL AT OBERLIN HAVE INCLUDED ADDITIONAL COSTS FOR EMERGENCY PREPAREDNESS AND RESPONSE, DISEASE CONTROL AND CONTAINMENT, PERSONNEL SHORTAGES, OR LOSS OF REVENUE DUE TO REDUCTIONS IN CERTAIN REVENUE STREAMS. THE FULL IMPACT OF COVID-19 IS UNKNOWN AND CANNOT BE REASONABLY PREDICTED OR ESTIMATED AT THIS TIME.KENDAL AT OBERLIN HAS DEPLOYED ENHANCED INFECTION CONTROL MEASURES, WHICH HAVE BEEN DEVELOPED FOR PREVIOUS VIRAL OUTBREAKS, AND WE ARE ON HEIGHTENED ALERT AS RECOMMENDATIONS FROM THE CDC AND OTHER PUBLIC HEALTH OFFICIALS EVOLVE TO ADDRESS THE LATEST DEVELOPMENTS. WE ARE IN FREQUENT COMMUNICATION WITH THE KENDAL CORPORATION TO LEVERAGE RESOURCES AND KENDAL AT OBERLIN STAFF MEET DAILY TO PROACTIVELY STRATEGIZE AND PLAN FOR POTENTIAL SCENARIOS. OUR CLINICIANS ARE WORKING WITH LOCAL AND STATE HEALTH DEPARTMENTS TO FOLLOW THEIR GUIDELINES TO MITIGATE THE SPREAD AND IMPACT OF THE VIRUS.MARKETING AND COMMUNICATIONS-RECOGNIZING THE CHALLENGES OF MARKETING UNDER THE CURRENT CIRCUMSTANCES, THE MARKETING PROGRAM IS ADDING TO ITS DIGITAL STRATEGY IN ORDER TO MAINTAIN OCCUPANCY LEVELS.-ADDITIONAL RESOURCES HAVE BEEN PUT IN PLACE TO MAXIMIZE CONNECTIONS WITH WAITLIST AND PROSPECTIVE RESIDENTS VIA TELEPHONE, MAIL, EMAIL, AND VIRTUAL CONTACTS USING FACETIME, ZOOM, WEBEX AND SIMILAR VIDEOTELEPHONY TECHNOLOGIES.-DIGITAL EVENTS HAVE BEEN IMPLEMENTED FOR PROSPECTIVE RESIDENTS RELATED TO GENERAL KNOWLEDGE OF KENDAL AT OBERLIN AND THE FINANCIAL CONSIDERATIONS OF A LIFE PLAN COMMUNITY.-REGULAR UPDATES ON SOCIAL MEDIA SITES WITH VIDEOS, INSPIRATIONAL QUOTES AND ARTICLES, INCLUDING RESIDENTS AND PROSPECTS, TO ENGAGE WITH THE EXTERNAL COMMUNITY.-CREATION OF INFORMATIONAL VIDEOS, INCLUDING TOURS OF AVAILABLE APARTMENTS, RESIDENT TESTIMONIALS AND RESIDENT AND STAFF BIOS.-VIRTUAL SUPPORT GROUPS FOR HEALTH CENTER RESIDENCES' FAMILY MEMBERS, COORDINATED WITH SOCIAL WORKERS, ALLOWING FAMILY MEMBERS TO ASK QUESTIONS AND STAY CONNECTED WITH KENDAL AT OBERLIN.FINANCE-TO RECOVER SOME OF THE ADDITIONAL EXPENSES OF COVID-19, KENDAL AT OBERLIN HAS APPLIED FOR APPROPRIATE GRANTS AND LOANS FROM GOVERNMENT AND OTHER SOURCES.-IN COLLABORATION WITH OTHER ORGANIZATIONS IN THE KENDAL SYSTEM, WE HAVE ENGAGED IN GROUP PURCHASING FOR SUPPLIES AND OTHER PURCHASES TO PROVIDE APPROPRIATE LEVELS OF SERVICE TO OUR RESIDENTS AND A SAFE ENVIRONMENT FOR OUR STAFF.-IN 2022, KENDAL AT OBERLIN'S RATING WAS AFFIRMED BY THE FITCH RATING AGENCY AND RECEIVED AN A+ WITH A STABLE OUTLOOK.FOR INFORMATION ABOUT COVID-19 IN OUR GEOGRAPHIC AREA, PLEASE REFER TO:OHIO DEPARTMENT OF HEALTH AT HTTPS://CORONAVIRUS.OHIO.GOV/WPS/PORTAL/GOV/COVID-19 ANDTHE LORAIN COUNTY PUBLIC HEALTH AT HTTPS://WWW.LORAINCOUNTYHEALTH.COM/CORONAVIRUS. FOR KENDAL AT OBERLIN UPDATES, PLEASE REFER TO KAO.KENDAL.ORG/NEWS. 18628633 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 63 0 302 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X ANN O'MALLEY CFO 4407750094 600 KENDAL DRIVE OBERLIN OH 44074 VILLARREAL JOAN CHAIR 3.00 0.00 X X 0 0 0 STECKER DOMINIQUE VICE CHAIR 3.00 0.00 X X 0 0 0 BENJAMIN BARB SECRETARY 3.00 0.00 X X 0 0 0 SOUTHWORTH JACK TREASURER 3.00 0.00 X X 0 0 0 CHUANG WUU-SHUNG BOARD MEMBER 2.00 0.00 X 0 0 0 DERSTINE ANDRIA BOARD MEMBER 2.00 0.00 X 0 0 0 MANDEREN BETSY BOARD MEMBER 2.00 0.00 X 0 0 0 MCIVER ANNETTE BOARD MEMBER 2.00 0.00 X 0 0 0 MONCHEIN ROBERT BOARD MEMBER 2.00 2.00 X 0 0 0 MOORE SCOTT BOARD MEMBER 2.00 0.00 X 0 0 0 OLIN GARY BOARD MEMBER 2.00 0.00 X 0 0 0 RILEY MARIANNE BOARD MEMBER 2.00 0.00 X 0 0 0 SCHULTZ LIZ BOARD MEMBER 2.00 0.00 X 0 0 0 STORER DAN BOARD MEMBER 2.00 0.00 X 0 0 0 STYER DAN BOARD MEMBER 2.00 0.00 X 0 0 0 SUTHERLAND TRACY BOARD MEMBER 2.00 0.00 X 0 0 0 TOMPOS GRACE BOARD MEMBER 2.00 0.00 X 0 0 0 VERHOSKE CARMEN BOARD MEMBER 2.00 2.00 X 0 0 0 THOMAS BARBARA CHIEF EXEUCTIVE OFFICER 50.00 5.00 X 330059 0 29913 O'MALLEY ANN CHIEF FINANCIAL OFFICER 50.00 5.00 X 209291 0 14574 TERRELL STACY CHIEF HEALTH SERVICES OFFICER 50.00 3.00 X 142299 0 35336 MERLENO TONI DIRECTOR OF HR & OPER. SER 50.00 0.00 X 128154 0 17086 PETSAS CHRYSTN NURSE PRACTITIONER 50.00 0.00 X 113751 0 33184 ZEHE GREGORY DIRECTOR OF HOSPITALITY SERVICES 50.00 0.00 X 111292 0 25326 CARRION REYNALDO DIRECTOR OF FACILITY SERVICES 50.00 0.00 X 112381 0 16320 STEWART BETH DIRECTOR OF CLINICAL SERVICES 50.00 0.00 X 109667 0 23614 1256894 0 195353 8 0 1 0 PULLIN PAINTING & REMODELING 766 SHADYLAWN DRIVE AMHERST OH 44001 PAINTING CONTRACTOR 309142 WALLACE MANAGEMENT CORP PO BOX 69268 BALTIMORE MD 21264 THERAPY PROVIDER 246503 ROCKWOOD FLOORING LLC 12077 LEAVITT ROAD OBERLIN OH 44074 FLOORING COMPANY 144098 MAXIM HEALTHCARE SERVICES INC 12558 COLLECTIONS CTR DR CHICAGO IL 60693 MEDICAL STAFFING CO 114274 4 133484 33500 945896 1112880 RESIDENT SERVICE FEES 623990 14081363 14081363 AMORTIZATION OF DEFERRED FEES 623990 4225164 4225164 HEALTH CENTER FEES 623990 3701770 3701770 OTHER REVENUE 623990 150779 150779 EARLY LEARNING CENTER 623990 91845 91845 22250921 1662623 1662623 938 0 938 938 938 2663440 0 132328 2663440 -132328 2531112 2531112 27558474 22250921 0 4194673 100000 100000 212648 212648 761472 761472 7880998 6935278 945720 488969 430293 58676 1762235 1550767 211468 600288 474228 126060 95697 95697 54980 54980 9898 9898 198510 198510 449466 379574 69892 311068 258186 52882 108188 89796 18392 408234 338834 69400 1953008 1913948 39060 30473 26816 3657 25665 22585 3080 355246 355246 653210 653210 2978505 2868778 109727 73012 73012 FOOD AND DINING 1223870 1223870 MAINTENANCE AND REPAIR 968775 949400 19375 MEDICAL SUPPLIES 659125 659125 OTHER EXPENSES 162923 121495 41428 22526463 18628633 3887932 9898 868476 809473 1870310 606899 10500 0 1742670 1655192 187002 231022 314957 233115 98699180 45487761 52723366 53211419 68031381 60608752 427918 1044272 2167102 1393713 128343682 119793857 1898983 2166065 45431351 46518374 17888770 15168919 572500 674130 65791604 64527488 X 56216038 48535933 6336040 6730436 62552078 55266369 128343682 119793857 X 5032011 -12864016 546296 X 0 1 X 1 0 X 845474 215171 1575058 841951 1112880 4590534 20098410 20464853 21562702 23748008 22250921 108124894 20943884 20680024 23137760 24589959 23363801 112715428 170817 139403 1193693 336649 907217 2747779 0 170817 139403 1193693 336649 907217 2747779 109967649 1385420 1416078 1156306 1446131 1663561 7067496 1385420 1416078 1156306 1446131 1663561 7067496 22329304 22096102 24294066 26036090 25027362 119782924 0.91810 0.91420 0.05900 0.05700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1322295 2775 -263384 9669 1052017 1131577 37665 162710 9657 1322295 491944 504913 138922 4202 1131577 402676 18969 70299 491944 355382 65885 -17971 620 402676 0.14000 0.86000 0.00000 0 0 1928801 1928801 85154557 39984309 45170248 11615822 5503452 6112370 53211419 ANNUITY OBLIGATIONS 463157 DEPOSITS FROM PROSPECTIVE RESIDENTS 179000 DUE TO AFFILIATE 31973 674130 X 14829596 -12864016 -33600 367248 -12530368 27359964 198510 198510 27558474 22115305 -212648 -212648 22327953 198510 198510 22526463 PART V, LINE 4: THE PURPOSE OF THIS ENDOWMENT FUND IS TO PROVIDE SUBSIDY FOR THE RESIDENTS OF KENDAL AT OBERLIN WHO ARE NOT ABLE TO CONTINUE TO PAY THEIR MONTHLY FEE AS WELL AS TO FUND TRAINING FOR STAFF AND OTHER SPECIAL PURPOSE NEEDS. PART X, LINE 2: THE COMMUNITY HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE COMMUNITY FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS, IF ANY. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE COMMUNITY'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER UNITRUSTS -152,524. CHANGE IN VALUE OF ANNUITY OBLIGATIONS -160,574. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 892,994. RESIDENT ASSISTANCE GRANTS -212,648. PART XII, LINE 2D - OTHER ADJUSTMENTS: RESIDENT ASSISTANCE GRANTS -212,648. 1 KENDAL NORTHERN OHIO 600 KENDAL DRIVE OBERLIN OH 44074 200547957 501(C)(3) 0 100000 SUPPORT OF SPECIAL MEMBERSHIP AGREEMENT AND OTHER KNO OUTREACH INITIATIVES 1 0 RESIDENT FINANCIAL SUPPORT 10 212648 N/A THE PRIMARY PURPOSE OF THE RESIDENT ASSISTANCE FUND IS TO PROVIDE FINANCIAL SUPPORT FOR THOSE RESIDENTS WHO ARE UNABLE TO PAY THEIR KENDAL MONTHLY FEE OR OTHER FINANCIAL NEEDS THAT MAY OCCUR. THE RESIDENT ASSISTANCE FUND WAS ESTABLISHED TO PROVIDE MONTHLY FEE ASSISTANCE ON GRANT NEEDS TO RESIDENTS WHO HAVE OUTLIVED THEIR RESOURCES AND ARE EXPERIENCING FINANCIAL DIFFICULTIES THROUGH NO FAULT OF THEIR OWN. PART I, LINE 2: KENDAL AT OBERLIN IS ABLE TO ENSURE THE PROPER USE OF THE SUPPORT TO KENDAL NORTHERN OHIO THROUGH THEIR HISTORIC AND CONTINUING CLOSE RELATIONSHIP, WHICH INCLUDES, BUT IS NOT LIMITED TO SOME OVERLAPPING BOARD MEMBERS. THE RESIDENT FINANCIAL SUPPORT IS VETTED PRIOR TO THEIR RELEASE TO ENSURE PROPER USE OF THE FUNDS FOR THEIR INTENDED PURPOSE. X X X 0 0 0 0 0 0 0 1 0 THOMAS BARBARA CHIEF EXEUCTIVE OFFICER 319736 0 10323 0 0 0 19784 0 10129 0 359972 0 0 0 O'MALLEY ANN CHIEF FINANCIAL OFFICER 207241 0 2050 0 0 0 13188 0 1386 0 223865 0 0 0 TERRELL STACY CHIEF HEALTH SERVICES OFFICER 140149 0 2150 0 0 0 9285 0 26051 0 177635 0 0 0 PART I, LINE 7 BONUSES ARE PAID OUT BASED ON PERFORMANCE EVALUATIONS, OVERALL FINANCIAL STATUS OF THE ORGANIZATION, AND SPECIFIC GOALS ACHIEVED BY EACH EMPLOYEE DURING THE YEAR. THE AMOUNT OF THE FINANCIAL REWARD IS EVALUATED AND DETERMINED BY THE BOARD, WHO ALSO UTILIZES COMPARABILITY DATA TO ENSURE OVERALL COMPENSATION IS REASONABLE WHEN COMPARED TO SIMILAR POSITIONS AS SIMILAR ORGANIZATIONS IN THE SAME GEOGRAPHIC REGION. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A RECEIVED A BONUS, THE BONUS WAS INCLUDED IN THEIR 2022 W-2 AND IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(II) WHEN APPLICABLE: BARBARA THOMAS $10,323 ANN O'MALLEY $2,050 STACY TERRELL $2,150 TONI MERLENO $2,150 CHRYSTN PETSAS $2,301 GREGORY ZEHE $2,300 REYNALDO CARRION $2,000 BETH STEWART $900 A LORAIN COUNTY PORT AUTHORITY 300131427 2018-07-17 5675000 CURRENT REFUNDING OF 2013 SERIES B BONDS 0 0 0 B LORAIN COUNTY PORT AUTHORITY 300131427 2021-07-29 13825000 REFINANCE THE 2013A BONDS TO LOWER THE COST OF CAPITAL 0 0 0 A 1142658 5675000 5675000 2018 1 0 1 1 B 1860000 13825000 311833 13513167 2021 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0.05000 0.05000 0 0 0 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 1 HUNTINGTON BANK 9.500000000000 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: LORAIN COUNTY PORT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/09/2018 FORM 990, PART VI, SECTION A, LINE 1A THE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD CONSIST OF THE EXECUTIVE AND ALL STANDING COMMITTEES. EACH COMMITTEE IS REQUIRED TO PROVIDE THEIR CONTEMPORANEOUS MINUTES TO THE BOARD OF DIRECTORS AS PART OF THE BOARD'S CONSENT AGENDA. FORM 990, PART VI, SECTION A, LINE 6 THE KENDAL CORPORATION, A 501(C)(3) PUBLIC CHARITY, IS CONSIDERED THE SOLE MEMBER BASED ON THE INTERNAL REVENUE SERVICE DEFINITION OF MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE SELECTION OF ANY MEMBER OF THE BOARD OF DIRECTORS MUST BE APPROVED BY THE KENDAL CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD MUST SEEK AND OBTAIN APPROVAL FROM THE KENDAL CORPORATION PRIOR TO UNDERTAKING ANY OF THE FOLLOWING: (1) ANY CHANGE IN CORPORATE PURPOSES; (2) INCURRING OF INDEBTEDNESS WITH A PRINCIPAL AMOUNT OVER A SPECIFIED AMOUNT; (3) THE MANNER IN WHICH THE CORPORATION USES THE NAME "KENDAL" (4) ANY MATERIAL CHANGE IN THE CONTRACTS WITH RESIDENTS/MEMBERS; (5) PURCHASE, SALE, LEASE, ENCUMBRANCE OR OTHER DISPOSITION OF ANY REAL ESTATE OR IMPROVEMENTS OVER A SPECIFIED VALUE; (6) DISSOLUTION, DIVISION, OR ACQUISITION BY OR OF ANOTHER ENTITY; AND (7) CERTAIN AMENDMENT TO THE ARTICLES OF INCORPORATION AND/OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE GOVERNANCE COMMITTEE HAS INSTRUCTED THE CHAIR OF THE BOARD AND THE TREASURER TO COMPLETE A DETAILED REVIEW AND APPROVAL OF THE FORM 990 PRIOR TO SUBMITTING TO THE FULL BOARD OF DIRECTORS. AFTER THIS DETAIL REVIEW, A DRAFT FORM 990 IS DISTRIBUTED TO KENDAL AT OBERLIN'S BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO THE COMPLETION OF THE FINAL ELECTRONIC FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS AND KEY STAFF (MANAGEMENT AND SUPERVISORS) OF THE ORGANIZATION COMPLETE A CONFLICT OF INTEREST STATEMENT. THIS INFORMATION IS SUMMARIZED AND REVIEWED BY THE BOARD OF DIRECTORS FOR AWARENESS. THE BOARD OF DIRECTORS DETERMINES IF A POTENTIAL CONFLICT IS AN ACTUAL CONFLICT. ALL KNOWN CONFLICTS ARE EVALUATED AGAIN IF THEY RELATE TO A SPECIFIC TRANSACTION THAT IS BEING CONSIDERED. IF A CONFLICT WERE TO ARISE, THE PERSON WHO HAS THE CONFLICT WOULD NOT BE INVOLVED WITH THE DISCUSSIONS OR DECISION MAKING PROCESS. THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS RECEIVES AND REVIEWS A SUMMARY OF THE COMPLETED CONFLICT OF INTEREST DISCLOSURES. AT EACH BOARD MEETING THE BOARD CHAIR REMINDS EVERYONE TO CONSIDER ANY POTENTIAL CONFLICTS OF INTEREST AND ABSTAIN FROM THAT PARTICULAR DECISION MAKING PROCESS IF A CONFLICT IS PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS ESTABLISHED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS UTILIZES INDEPENDENT SALARY SURVEYS FROM THE NATIONAL INDUSTRY ASSOCIATION, THE STATE INDUSTRY ASSOCIATION AND A LOCAL SALARY SURVEY. ADDITIONAL INFORMATION AND SUPPORT IS ALSO OBTAINED FROM THE KENDAL CORPORATION. THIS INFORMATION IS REVIEWED WITH THE CHAIR OF THE BOARD ON AN ANNUAL BASIS. THIS PROCESS WAS LAST COMPLETED IN 2022. COMPENSATION OF OTHER OFFICERS ALSO UTILIZES INDEPENDENT SALARY SURVEYS FROM NATIONAL, STATE AND LOCAL SOURCES, IN CONJUNCTION WITH THE OVERALL PERFORMANCE REVIEW OF THE EMPLOYEE. THIS INFORMATION IS REVIEWED WITH THE CHAIR OF THE BOARD ON AN ANNUAL BASIS. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 KENDAL AT OBERLIN MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ANNUAL DISCLOSURE STATEMENT INCLUDES THE AUDITED FINANCIAL STATEMENTS AND RELATED FOOTNOTES. THIS IS PROVIDED TO THE CURRENT RESIDENTS OF KENDAL AT OBERLIN, THE PRIORITY WAIT LIST MEMBERS OF KENDAL AT OBERLIN AND ANY REQUEST OBTAINED THROUGHOUT THE YEAR. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER UNITRUSTS -152,524. CHANGE IN VALUE OF ANNUITY OBLIGATIONS -160,574. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 892,994. REPAYMENT OF PRIOR PERIOD GRANT EXPENSES -33,600. THE KENDAL CORPORATION 591 COLLABORATION WAY SUITE 603 NEWARK DE 19017 232688382 SUPPORTING ORGANIZATION THAT PROVIDES MANAGEMENT SUPPORT AND SERVICES PA 501(C)(3) LINE 12C, III-FI N/A 0 KENDAL AGING 300 PAGE STREET SAN FRANCISCO CA 94102 823361136 PROVIDE SUPPORTING SERVICES IN THE OPERATION OF KENDAL AT SONOMA CA 501(C)(3) LINE 12B, II THE KENDAL CORPORATION 0 KENDAL CHARITABLE FUNDS 591 COLLABORATION WAY SUITE 603 NEWARK DE 19017 232626425 MANAGE CHARITABLE CONTRIBUTIONS PA 501(C)(3) LINE 12B, II OR LINE THE KENDAL CORPORATION 0 KENDAL NEW YORK 1010 KENDAL WAY SLEEPY HOLLOW NY 10591 061656576 PROVIDE SUPPORTING SERVICES IN OPERATION OF KENDAL ON HUDSON AND ITHACA NY 501(C)(3) LINE 12A, I THE KENDAL CORPORATION 0 BARCLAY FRIENDS 700 N FRANKLIN STREET WEST CHESTER PA 19380 232088476 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 N/A 0 CHANDLER HALL HEALTH SERVICES INC 99 BARCLAY STREET NEWTOWN PA 18940 232365124 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 N/A 0 COLLINGTON EPISCOPAL LIFECARE COMMUNITY INC 10450 LOTTSFORD ROAD MITCHELLVILLE MD 20721 521281156 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 N/A 0 KENDAL AT HANOVER 80 LYME ROAD HANOVER NH 03755 020519490 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NH 501(C)(3) LINE 10 N/A 0 KENDAL AT HOME 27519 DETROIT ROAD WESTLAKE OH 44145 200548053 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY WITHOUT WALLS OH 501(C)(3) LINE 10 N/A 0 KENDAL AT ITHACA 2230 NORTH TRIPHAMMER ROAD ITHACA NY 14850 521787487 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NY 501(C)(3) LINE 10 N/A 0 KENDAL AT SONOMA 300 PAGE STREET SAN FRANCISCO CA 94102 814896082 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY CA 501(C)(3) LINE 10 N/A 0 KENDAL ON HUDSON 1010 KENDAL WAY SLEEPY HOLLOW NY 10591 133971396 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NY 501(C)(3) LINE 10 N/A 0 KENDAL-CROSSLANDS COMMUNITIES 1107 E BALTIMORE PIKE KENNETT SQUARE PA 19348 231906212 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 N/A 0 LEXINGTON RETIREMENT COMMUNITY INC 160 KENDAL DRIVE LEXINGTON VA 24450 541795871 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY VA 501(C)(3) LINE 10 N/A 0 THE ADMIRAL AT THE LAKE 929 WEST FOSTER AVENUE CHICAGO IL 60640 362171730 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY IL 501(C)(3) LINE 10 N/A 0 THE LATHROP COMMUNITIES INC 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 042996627 OPERATES A 55 & OVER COMMUNITY MA 501(C)(3) LINE 10 N/A 0 KENDAL NORTHERN OHIO 600 KENDAL DRIVE OBERLIN OH 44074 200547957 SUPPORTING ORGANIZATION FOR KENDAL AT OBERLIN AND KENDAL COMMUNITY OUTREACH OH 501(C)(3) LINE 12C, III-FI KENDAL AT OBERLIN 1 0 1 1 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 0 KENDAL NORTHERN OHIO B 100000 CASH VALUE KENDAL NORTHERN OHIO D 650000 BOOK VALUE KENDAL NORTHERN OHIO D 1265097 BOOK VALUE