2022-03-02T14:24:36-06:00 2021-06-30 381357951 PLANTE & MORAN PLLC 3000 TOWN CENTER SUITE 100 SOUTHFIELD MI 48075 990 2020-07-01 823596152 EDGEWATER PLACE INC EDGE 5745374000 11351 LAFAYETTE PLAIN CITY ROAD PLAIN CITY OH 43064 SCOTT MARTIN VP OF FINANCE 5745374000 2022-02-08 1 SCOTT MARTIN 999009999 DAVID LOWENTHAL P00378651 2483522500 2022-02-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SANDRA HARRIS 1721 GREENCROFT BLVD GOSHEN IN 46526 2534881 0 X WWW.EDGEWATERPLACE.US X 2017 IN EDGEWATER PLACE, INC. IS A NON-PROFIT ASSISTED LIVING COMMUNITY, LOCATED IN PLAIN CITY, OHIO. IT SERVES RESIDENTS IN THE CENTRAL OHIO AREA, INCLUDING NEARBY DUBLIN, DELAWARE, HILLIARD, LONDON, POWELL, WESTERVILLE AND MARYSVILLE. IT IS AFFILIATED WITH GREENCROFT RETIREMENT COMMUNITIES, INC., ("GRC") A 501(C)(3) ORGANIZATION. THE FOCUS OF EDGEWATER PLACE IS TO PROVIDE HOUSING, ASSISTED LIVING, AND CARE TO THE ELDERLY ON A NON-PROFIT BASIS. 8 8 54 15 0 0 30100 225341 2404035 2286495 16483 8389 15234 14321 2465852 2534546 0 0 0 0 1277953 1402163 0 0 0 1126100 1061852 2404053 2464015 61799 70531 8429855 8214062 7231587 6945263 1198268 1268799 X EDGEWATER PLACE, INC. IS A NON-PROFIT ASSISTED LIVING COMMUNITY, LOCATED IN PLAIN CITY, OHIO. IT SERVES RESIDENTS IN THE CENTRAL OHIO AREA, INCLUDING NEARBY DUBLIN, DELAWARE, HILLIARD, LONDON, POWELL, WESTERVILLE AND MARYSVILLE. IT IS AFFILIATED WITH GREENCROFT RETIREMENT COMMUNITIES, INC., ("GRC") A 501(C)(3) ORGANIZATION. THE FOCUS OF EDGEWATER PLACE IS TO PROVIDE HOUSING, ASSISTED LIVING, AND CARE TO THE ELDERLY ON A NON-PROFIT BASIS. 0 0 2161913 0 2300816 EDGEWATER PLACE IS A FIFTY-SIX (56) UNIT ASSISTED LIVING BUILDING. WE HAVE A COMMON DINING ROOM THAT PROVIDES THREE MEALS A DAY TO OUR RESIDENTS. THERE ARE SEVERAL COMMON SPACES FOR RESIDENTS TO USE INCLUDING: AN ACTIVITY ROOM, OUTSIDE PORCHES, LAUNDRY ROOMS, COMMON GATHERING ROOMS, ETC. WE ARE LICENSED TO SERVE 80 RESIDENTS. OUR ROOMS CAN BE SINGLE OCCUPANCY OR DOUBLE OCCUPANCY, IF A MARRIED COUPLE. WE HAVE 41 RESIDENTS LIVING IN OUR COMMUNITY AS OF JULY, 2021. 2161913 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 6 0 1 54 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X SCOTT MARTIN 5745374000 1721 GREENCROFT BLVD GOSHEN IN 46526 DAVE WEAVER VICE CHAIR 1.00 1.00 X X 0 0 0 AMY FLORIA CHAIR 1.00 1.00 X X 0 0 0 DENNIS BLYLY BOARD MEMBER 1.00 1.00 X 0 0 0 ROD DILLER BOARD MEMBER (PART YEAR) 1.00 1.00 X 0 0 0 LIZ GUNDEN BOARD MEMBER 1.00 1.00 X 0 0 0 JIM RIDENOUR BOARD MEMBER 1.00 1.00 X 0 0 0 DANIELLE THOMPSON BOARD MEMBER (PART YEAR) 1.00 1.00 X 0 0 0 JONATHAN GEISER BOARD MEMBER 1.00 1.00 X 0 0 0 BYRON SHETLER BOARD MEMBER 1.00 1.00 X 0 0 0 JULIE CROSSLEY BOARD MEMBER 1.00 1.00 X 0 0 0 SCOTT MARTIN TREASURER 1.00 42.60 X 0 148432 47316 RYDELL BONTRAGER SECRETARY 1.00 42.70 X 0 118450 48510 AIMEE RIEMKE ASSISTANT SECRETARY 0.20 39.40 X 0 111115 51617 SANDRA HARRIS PRESIDENT 39.00 1.00 X 0 93129 17703 DALE SHENK ASSITANT TREASURER 0.30 10.90 X 0 74524 0 0 545650 165146 0 0 1 0 MEDICAL STAFFING NETWORK 6551 PARK OF COMMERCE BLVD BOCA RATON FL 33487 AGENCY STAFFING SERVICES 151353 WISE MEDICAL STAFFING INC 2 HEALTH DRIVE CHILLICOTHE OH 45601 AGENCY STAFFING SERVICES 102757 2 135000 90341 225341 RESIDENT SERVICES 623000 2286495 2286495 2286495 8724 8724 335 -335 -335 -335 BEAUTY/BARBERSHOP INCO 623990 14194 14194 MISC. REVENUE 900099 127 127 14321 2534546 2300816 0 8389 1308217 1242806 65411 86502 82177 4325 7444 7072 372 531 531 17394 17394 131259 98444 32815 75473 75473 146951 73476 73475 22606 22606 68795 68795 2686 2686 283882 283882 257428 257428 26758 26758 DUES AND SUBSCRIPTIONS 3238 3238 REPAIRS & MAINTENANCE 2922 2922 LAUNDRY AND LINEN EXP. 2365 2365 LICENSES AND FEES 2302 2302 17262 16702 560 2464015 2161913 302102 0 86806 83295 1338182 1346906 17620 24084 0 406 7584841 830150 6987247 6754691 0 4680 8429855 8214062 98560 154536 5494219 5295407 1638808 1495320 7231587 6945263 X 1198268 1268799 1198268 1268799 8429855 8214062 70531 0 X X 0 1 X 1 0 X 100000 30100 225341 355441 985720 2343824 2419269 2300816 8049629 985720 2443824 2449369 2526157 8405070 0 463241 986757 1148709 1030551 3629258 463241 986757 1148709 1030551 3629258 4775812 4902 17021 16483 8724 47130 4902 17021 16483 8724 47130 990622 2460845 2465852 2534881 8452200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 680400 680400 6812847 762208 6050639 25971 9028 16943 65623 58914 6709 6754691 DUE TO AFFILIATES 1295320 LONGTERM SUBORDINATED DEBT 200000 1495320 0 0 0 0 0 0 0 0 0 SCOTT MARTIN TREASURER 0 143436 0 4600 0 396 0 19933 0 27383 0 195748 0 0 RYDELL BONTRAGER SECRETARY 0 114307 0 4053 0 90 0 15404 0 33106 0 166960 0 0 AIMEE RIEMKE ASSISTANT SECRETARY 0 106583 0 4389 0 143 0 18333 0 33284 0 162732 0 0 SCHEDULE J, PART I THIS ENTITY RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE PRESIDENT/CEO: 1. COMPENSATION SURVEY OR STUDY 2. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS UNDER A MANAGEMENT/AFFILIATION CONTRACT WITH GREENCROFT RETIREMENT COMMUNITIES, INC. (GRC), A RELATED TAX-EXEMPT ORGANIZATION. ACCORDING TO THE AGREEMENT, GRC HAS THE SOLE AND EXCLUSIVE RIGHT TO SUPERVISE, MANAGE, AND OPERATE THE ORGANIZATION'S FACILITY ("THE FACILITY"). IN ADDITION, GRC HAS THE SOLE CONTROL AND DISCRETION WITH REGARD TO THE OPERATION AND MANAGEMENT OF THE FACILITY FOR ALL CUSTOMARY PURPOSES, AS WELL AS THE RIGHT TO DETERMINE ALL OPERATING POLICIES AFFECTING OR CONCERNING THE APPEARANCE AND MAINTENANCE STANDARDS OF OPERATION, AND ANY OTHER MATTER AFFECTING THE FACILITY OR THE OPERATION THEREOF. THE AGREEMENT TERMINATES IN JUNE 2028, WITH AN OPTION FOR ANNUAL EXTENSIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, GREENCROFT RETIREMENT COMMUNITIES, INC. (GRC), THAT IS ALSO A RELATED TAX-EXEMPT ORGANIZATION. THE RESERVED POWERS OF THE SOLE MEMBER ARE AS FOLLOWS: 1. APPROVAL TO ANY CHANGES IN CORPORATE MISSION, WHICH MAY BE PROPOSED BY THE ORGANIZATION, BUT WHICH SHALL BECOME EFFECTIVE ONLY UPON APPROVAL OF GRC 2. APPROVAL OF NOMINATED CANDIDATES TO SERVE AS DIRECTOR OF THE ORGANIZATION 3. THE CREATION OR DISCONTINUATION OF PROGRAMS OR SERVICES OFFERED BY THE ORGANIZATION 4. AMENDMENTS TO THE BYLAWS AND ARTICLES OF INCORPORATION 5. APPROVAL OR THE ADOPTION OF THE ANNUAL BUDGET 6. APPROVAL OF NON-BUDGETED CONTRACTS AND/OR NON-BUDGETED PURCHASES OF OVER $50,000 7. THE INCURRENCE OF INDEBTEDNESS OF OVER $500,000 8. THE SALE OF REAL ESTATE 9. THE DONATION OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS 10. ANY MERGER OR CONSOLIDATION WITH ANY OTHER ORGANIZATION, OR THE PARTIAL OR TOTAL DISSOLUTION OF THE ORGANIZATION 11. THE CREATION OF SUBSIDIARY CORPORATIONS, LLCS, PARTNERSHIPS, OR OTHER ENTERPRISES 12. THE ACQUISITION OF CONTROLLING INTERESTS IN ANOTHER ENTITY 13. THE APPOINTMENT OF THE PRESIDENT/CEO, CFO, SECRETARY, AND TREASURER OF THE CORPORATION (BUT NOT THE OFFICERS OF THE BOARD OF DIRECTORS) 14. THE REMOVAL OF THE CHAIR OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE 15. THE REMOVAL OF MEMBERS OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE NOTWITHSTANDING THESE RESERVED POWERS, THE MEMBER HAS NO FINANCIAL OBLIGATIONS OR RESPONSIBILITIES FOR ANY ACTIONS OF THE ORGANIZATION BY REASON OF SERVING AS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION B, LINE 11B A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PRESENTED BY OUR TAX ADVISORS TO THE ORGANIZATION'S AUDIT COMMITTEE AT A REGULARLY SCHEDULED MEETING. A COPY OF THE FINAL DRAFT IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO ITS FILING. THIS ALLOWS THE BOARD OF DIRECTORS AND MANAGEMENT TO REVIEW AND PROVIDE COMMENTS AND EXPLANATIONS REGARDING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. THE TREASURER REVIEWS EACH POLICY STATEMENT SIGNED BY THESE INDIVIDUALS TO DETERMINE IF ANY CONFLICTS HAVE OCCURRED AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN HIM/HERSELF FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 EDGEWATER PLACE'S (EP) PHILOSOPHY IS TO COMPENSATE TEAM MEMBERS IN A FAIR MANNER FOR THE WORTH OF WORK PROVIDED WITHIN THE CURRENT MARKET VALUE RANGE FOR EACH POSITION IN THE ORGANIZATION. EP CONDUCTS PERIODIC REVIEW OF THE MARKET TO DEVELOP AVERAGE WAGES FOR POSITIONS WITHIN EDGEWATER PLACE. EDGEWATER PLACE STARTS TEAM MEMBERS, THAT MEET THE MINIMUM REQUIREMENTS FOR THE POSITION, AT/OR NEAR THE STARTING WAGE. WE MAKE ADJUSTMENTS TO THE STARTING WAGE BASED ON YEARS OF EXPERIENCE IN THAT SPECIFIC POSITION. OUR COMPENSATION PHILOSOPHY FOR TEAM MEMBERS OF OUR ORGANIZATION IS BASED ON VARIOUS TIERS. THE FIRST TIER IS GENERAL TEAM MEMBERS. WE HAVE HIRED AN OUTSIDE CONSULTANT TO DEVELOP A COMPENSATION SYSTEM FOR ALL OF EDGEWATER PLACE'S POSITIONS. THE CONSULTANTS DEVELOPED A SYSTEM WITH WAGE SCALES THAT USE THE MARKETPLACE AVERAGE FOR KEY POSITIONS AS THE STARTING POINT FOR THE SCALES. THE WAGES SCALES HAVE A MINIMUM, A 25TH PERCENTILE, A 50TH PERCENTILE (AVERAGE) A 75TH PERCENTILE AND A MAXIMUM. WE STRIVE TO KEEP OUR AVERAGE FOR POSITIONS AT THE MID-POINT OF A RANGE DEVELOPED BY OUR CONSULTANTS. PERIODICALLY WE HIRE A CONSULTANT TO UPDATE THE MARKETPLACE AVERAGE FOR SEVERAL KEY POSITIONS. THE CONSULTANT WILL USE AREA MARKETPLACE DATA, LEADINGAGE DATA, AND OTHER INDUSTRY DATA TO DEVELOP THE AVERAGE. OUR COMPENSATION PHILOSOPHY FOR MANAGEMENT AND EXECUTIVE TEAM MEMBERS (DIRECTORS AND VICE PRESIDENT) OF OUR ORGANIZATION IS SLIGHTLY DIFFERENT. THE SECOND TIER IS MANAGEMENT TEAM MEMBERS. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR TEAM MEMBERS. HOWEVER, OUR POLICY STATES THAT DIRECTORS ARE LIKE OTHER TEAM MEMBERS AND CAN EARN UP TO THE 100TH PERCENTILE OF THE RANGE FOR THEIR POSITION. OUR THIRD TIER IS VICE PRESIDENT TEAM MEMBERS. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR TEAM MEMBERS. HOWEVER, THERE IS ONE DIFFERENCE. THE POLICY STATES THAT VICE PRESIDENTS CAN EARN UP TO THE 100 PERCENTILE OF THE RANGE FOR THEIR POSITION. THE RANGE USES THE MEDIAN AS THE MID-POINT NOT THE AVERAGE. GENERALLY, THE MEDIAN IS BELOW THE AVERAGE. THE OVERALL COMPENSATION POLICY AND THE VP COMPENSATION POLICY ARE APPROVED BY THE GREENCROFT COMMUNITIES (GC) BOARD OF DIRECTORS. THE EDGEWATER PLACE (EP) BOARD REVIEWS THE COMPENSATION POLICIES. ANNUALLY THE GC BOARD AND THE EP BOARD REVIEW THE COMPENSATION OF THE EXECUTIVE TEAM. THEY COMPARE CURRENT WAGES WITH NATIONAL DATA PROVIDED BY LEADINGAGE (FORMERLY THE AMERICAN ASSOCIATION OF HOMES AND SERVICES FOR THE AGING - AAHSA). THE BOARDS REVIEW THE CURRENT WAGE, THE PERCENTILE RANKING OF THE EMPLOYEE IN HIS/HER RESPECTIVE RANGE AND THE MEDIAN OF THE MARKETPLACE COMPARED TO THE MID-POINT OF THE EMPLOYEE'S RANGE. THE BOARDS DOCUMENT THESE MEETINGS AND ACTIONS TAKEN IN THEIR BOARD MINUTES. THE EP BOARD HAS REVIEWED THE BASE WAGE AND THE VARIABLE PAY FOR THE PRESIDENT OF EDGEWATER PLACE. IN THE FISCAL YEAR 2021 FOR THE PRESIDENT WAS AT THE 99TH PERCENTILE OF THE RANGE FOR THIS POSITION IN BASE COMPENSATION. THIS PROCESS WAS LAST PERFORMED IN FISCAL YEAR 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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