2022-11-10T13:08:10-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2021-01-01 830344521 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY WHIT 2154028500 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 WILLIAM MCCORMICK CFO 2154028500 2022-11-04 1 WILLIAM MCCORMICK 999009999 DANIELLE NIHILL P01350943 7819821001 2022-11-04 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JUDITH MCGRUTHER 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 61032977 0 X WWW.THEHILLATWHITEMARSH.ORG X 2001 PA TO ENRICH, HONOR AND SUPPORT THOSE WE SERVE. 18 17 369 100 0 0 4792808 3465102 34271457 35221970 625610 330346 324707 297619 40014582 39315037 0 0 0 0 15182801 16311874 0 0 0 26670234 29902755 41853035 46214629 -1838453 -6899592 241951376 237675792 300192595 303070976 -58241219 -65395184 TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE SERVICES TO SENIOR CITIZENS IN OUR SURROUNDING COMMUNITIES TO ALLOW OUR RESIDENTS TO LIVE AS INDEPENDENT A LIFESTYLE AS POSSIBLE WITH DIGNITY AND COMPASSION. 0 0 40812628 35221970 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY OWNS AND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE, DINING, WELLNESS AND RELATED SERVICES AND AMENITIES TO SERVE ITS 65 AND OLDER SENIOR RESIDENTS. THE COMMUNITY IS COMPRISED OF 213 APARTMENT RESIDENCES, 86 ATTACHED AND DETACHED SINGLE FAMILY HOMES, 60 SKILLED NURSING ROOMS AND 28 ASSISTED LIVING SUITES IN THE HEALTH CENTER AND DINING AND WELLNESS FACILITIES LOCATED ON 96 ACRES IN WHITEMARSH TOWNSHIP, PENNSYLVANIA. AS OF DECEMBER 31, 2021, 249 OF THE APARTMENTS AND SINGLE FAMILY HOMES WERE OCCUPIED. IN ADDITION, HILL HOME SERVICES, LLC PROVIDES NON-SKILLED, PRIVATE DUTY AIDE SERVICES TO INDIVIDUALS IN THEIR HOMES. 40812628 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 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 61 0 369 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X WILLIAM MCCORMICK CFO 2154028720 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 NEIL LUBARSKY CHAIRMAN 2.00 X X 0 0 0 BRUCE WILSON VICE CHAIRMAN 1.00 X X 0 0 0 HENRY CROUTER TREASURER 1.00 X X 0 0 0 HUGH MOULTON SECRETARY 1.00 X X 0 0 0 RICHARD 'DICK' JONES DIRECTOR 0.50 X 0 0 0 PETER RYAN DIRECTOR 0.50 X 0 0 0 WILLIAM MARAZZO DIRECTOR 0.50 X 0 0 0 JOHN BINSWANGER DIRECTOR 0.50 X 0 0 0 MICHAEL CRISCUOLO DIRECTOR 0.50 X 0 0 0 EDITH DIXON DIRECTOR 0.50 X 0 0 0 SUSAN PARKS DIRECTOR 0.50 X 0 0 0 DEBRA ROBERTS DIRECTOR 0.50 X 0 0 0 FRANK REED DIRECTOR 0.50 X 0 0 0 NORMAN WILDE DIRECTOR (LEFT JUNE 21) 0.50 X 0 0 0 BRUCE FICKEN DIRECTOR 0.50 X 0 0 0 DEBBIE RODGERS DIRECTOR 0.50 X 0 0 0 JUDITH MCGRUTHER CHIEF EXECUTIVE OFFICER 40.00 X X 514928 0 21820 KEN LEVITAN DIRECTOR 0.50 X 0 0 0 LYNN LEWIS DIRECTOR 0.50 X 0 0 0 PETER FLEMING CHIEF OPERATING OFFICER 40.00 X 359174 0 25845 WILLIAM MCCORMICK CHIEF FINANCIAL OFFICER 40.00 X 306978 0 24697 SUSAN MCMENAMIN CHIEF HUMAN RESOURCE OFFIC 40.00 X 211789 0 13114 CHRISTINE DWYER SALES/MARKETING DIRECTOR 40.00 X 185733 0 13435 COREY EVANS DIRECTOR OF HEALTHCARE 40.00 X 186004 0 3772 HENRY BROMLEY DIRECTOR OF DINING 40.00 X 131964 0 23091 MARK TORO DIRECTOR OF FACILITIES 40.00 X 141494 0 9354 NICOLE BENNETT DIRECTOR OF RESIDENT SERVICES 40.00 X 124155 0 21822 2162219 0 156950 20 0 1 0 DELRAN BUILDERS COMPANY INC 7909 FLOURTOWN AVENUE WYNDMOOR PA 19038 GENERAL CONTRACTOR 3650669 FINISHING EDGE INC 123 WEAVER ROAD ZIONSVILLE PA 18092 GENERAL CONTRACTOR 1252224 FUNCTIONAL PATHWAYS 10133 SHERRILL BOULEVARD SUITE 200 KNOXVILLE TN 37932 THERAPY PROVIDER 670962 CTN SOLUTIONS 610 SENTRY PARKWAY SUITE 110 BLUE BELL PA 19422 TECHNOLOGY CONSULTANTS 610444 ALLTASK CONSTRUCTION LLC 810 PALOMINO DRIVE CATASAUQUA PA 18032 GENERAL CONTRACTOR 518795 23 1096357 2368745 3465102 RESIDENT CARE FEES 623000 28895596 28895596 AMORT OF DEFERRED ENTRANCE FEES 623000 4446158 4446158 ANCILLARY HEALTH CENTER REVENUE 623000 633952 633952 MEAL REVENUE 722513 440732 440732 UTILITIES 221000 179431 179431 626101 626101 35221970 297116 297116 58140 0 58140 58140 58140 21751170 21717940 33230 33230 33230 PARKING FEES 812930 77105 77105 LATE FEES 623990 51883 51883 GUEST LODGING 623990 31250 31250 79241 79241 239479 39315037 35221970 0 627965 1478345 1478345 12305225 11412702 892523 276592 276592 1145938 1019800 126138 1105774 821274 284500 223664 223664 94273 94273 51097 51097 735751 735750 1 876722 820758 55964 6103807 4937148 1166659 480888 163356 317532 3070758 2928318 142440 16582 10071 6511 7443319 7443319 9621531 9573424 48107 807695 682974 124721 REPAIRS AND MAINTENANCE 242317 242317 134351 21417 112934 46214629 40812628 5402001 0 18215319 17220654 1210113 1011224 1780430 1846687 124453 167069 1926918 1124561 291967161 95061377 194298956 196905784 20197103 14138873 4198084 5260940 241951376 237675792 3741401 4858912 145641989 152671325 141299814 137067218 4761635 4132690 4747756 4340831 300192595 303070976 X -58872209 -65434525 630990 39341 -58241219 -65395184 241951376 237675792 -6899592 -254373 0 X 0 1 X 1 0 X 462965 498747 1482188 4792808 3465102 10701810 32368373 34061874 34998318 34271457 35221970 170921992 342575 289590 322461 267782 239479 1461887 33173913 34850211 36802967 39332047 38926551 183085689 46574 731703 1108987 783240 722088 3392592 0 46574 731703 1108987 783240 722088 3392592 179693097 263568 370196 602575 459253 347589 2043181 263568 370196 602575 459253 347589 2043181 33437481 35220407 37405542 39791300 39274140 185128870 0.97060 0.97330 0.01100 0.01070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3625 25 3650 3598 27 3625 3537 61 3598 0.03470 0.96530 0 0 14343480 14343480 223195979 76926484 146269495 26318988 11693077 14625911 9413393 6441816 2971577 18695321 18695321 196905784 BOND INTEREST PAYABLE 3656112 RESIDENT DEPOSITS 684719 4340831 X 39009567 -254373 -254373 39263940 51097 51097 39315037 46163532 0 46163532 51097 51097 46214629 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO SUPPORT PROGRAMS AND GENERAL OPERATIONS. 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. 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 PROVISIONS 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. X X X X X 0 1 0 0 0 0 0 0 0 JUDITH MCGRUTHER CHIEF EXECUTIVE OFFICER 389149 0 106279 0 19500 0 12372 0 9448 0 536748 0 0 0 PETER FLEMING CHIEF OPERATING OFFICER 279093 0 68527 0 11554 0 7936 0 17909 0 385019 0 0 0 WILLIAM MCCORMICK CHIEF FINANCIAL OFFICER 232405 0 62241 0 12332 0 5038 0 19659 0 331675 0 0 0 SUSAN MCMENAMIN CHIEF HUMAN RESOURCE OFFIC 170039 0 41750 0 0 0 5226 0 7888 0 224903 0 0 0 CHRISTINE DWYER SALES/MARKETING DIRECTOR 109733 0 76000 0 0 0 4897 0 8538 0 199168 0 0 0 COREY EVANS DIRECTOR OF HEALTHCARE 153004 0 33000 0 0 0 3772 0 0 0 189776 0 0 0 HENRY BROMLEY DIRECTOR OF DINING 103187 0 28777 0 0 0 3553 0 19538 0 155055 0 0 0 MARK TORO DIRECTOR OF FACILITIES 112810 0 28684 0 0 0 650 0 8704 0 150848 0 0 0 PART I, LINE 4B JUDITH MCGRUTHER PARTICIPATED IN THE 457F PLAN AND MADE CONTRIBUTIONS OF $19,500 DURING 2021. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 613609B96 2015-03-12 125313677 REFINANCE DEBT (2005 AND 2008 BONDS) AND CAPITAL IMPROVEMENTS TO CCRC 0 0 0 B MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 613609G75 2018-12-20 42220475 REFINANCE DEBT AND FINANCE EXPANSION PROJECT 0 0 0 A 9755000 125640949 8160910 2178380 3607534 111694125 2015 1 1 1 1 B 17500000 44950378 2447987 1381629 844410 36592835 3679598 3920 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/12/2020 SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS OF EACH ISSUE EXCEEDED THE ISSUE PRICE OF EACH ISSUE. FOR EACH BOND THE EXCESS IS AS FOLLOWS: COLUMN A - 327,272 INVESTMENT EARNINGS IN ADDITION TO ISSUE PRICE COLUMN B - 2,726,748 INVESTMENT EARNINGS IN ADDITION TO ISSUE PRICE FORM 990, PART VI, SECTION A, LINE 1A AN EXECUTIVE COMMITTEE AND/OR ANY OTHER STANDING OR TEMPORARY COMMITTEE, CONSISTING OF TWO (2) OR MORE DIRECTORS, MAY BE APPOINTED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. EACH SUCH COMMITTEE SHALL HAVE AND EXERCISE SUCH AUTHORITY OF THE BOARD OF DIRECTORS ON BEHALF OF THE CORPORATION IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION AS THE BOARD MAY SPECIFY IN THE RESOLUTION ESTABLISHING SUCH COMMITTEE OR AS THE BOARD BY RESOLUTION MAY SUBSEQUENTLY DETERMINE, WHICH MAY INCLUDE ANY ACTION WHICH THE PENNSYLVANIA NONPROFIT CORPORATION LAW OF 1988 PROVIDES SHALL OR MAY BE TAKEN BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THEN REVIEWED BY THE BOARD AUDIT COMMITTEE, AND THEN DISTRIBUTED TO THE WHOLE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY EACH BOARD MEMBER AND SUBMITTED TO THE GOVERNANCE COMMITTEE OF THE BOARD FOR THEIR REVIEW. BASED ON THEIR REVIEW, THE GOVERNANCE COMMITTEE DETERMINES WHETHER A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS AND SUBMITS THE MATTER TO THE FULL BOARD FOR THEIR CONSIDERATION. THE FULL BOARD THEN DECIDES WHAT ACTION SHOULD BE TAKEN IN RESPONSE TO THE CONFLICT WHICH MAY INCLUDE THE RESIGNATION FROM THE BOARD OF THE MEMBER WITH A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD BASED ON A REVIEW OF THE CEO'S PERFORMANCE RELATIVE TO THE ORGANIZATION'S GOALS, A REVIEW OF THE COMPENSATION OF CEO'S FROM COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990 AND A REVIEW OF RELEVANT COMPENSATION SURVEY INFORMATION PROVIDED BY AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT TO THE EXECUTIVE COMMITTEE AND WITH THE ADVICE OF COUNSEL, AS NEEDED. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO BASED ON A REVIEW OF THE EMPLOYEE'S PERFORMANCE RELATIVE TO THE ORGANIZATION'S GOALS, A REVIEW OF COMPENSATION AT COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990, A REVIEW OF RELEVANT SALARY SURVEYS, WITH THE ADVICE OF THE EXECUTIVE COMMITTEE AND AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT. COMPENSATION REVIEWS FOR THE CEO, OTHER OFFICERS AND KEY EMPLOYEE LAST OCCURRED IN 2021. THE DELIBERATION AND FINAL DECISIONS ARE TIMELY DOCUMENTED AS PART OF THE COMMITTEE RECORDS AND EMPLOYEE FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED TO A FINANCIAL DISCLOSURE WEB SITE, INCLUDED WITH THE PUBLICLY AVAILABLE DISCLOSURE STATEMENT OF THE COMMUNITY AND DISTRIBUTED UPON REQUEST TO ALL RESIDENTS OF THE COMMUNITY. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. HILL HOME SERVICES LLC 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 842156156 PROVIDES NONSKILLED PRIVATE DUTY AIDE SERVICES TO INDIVIDUALS IN THEIR HOMES PA 564021 6988 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY