2022-10-21T15:04:37-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2021-07-01 840503809 FRASIER MEADOWS MANOR INC FRAS 3034994888 350 PONCA PLACE BOULDER CO 80303 TIMOTHY A JOHNSON PRESIDENT & CEO 3034994888 2022-10-20 1 TIMOTHY JOHNSON 999009999 SARAH HINTZ P00492291 3037795710 2022-10-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z FRASIER TIMOTHY A JOHNSON 350 PONCA PLACE BOULDER CO 80303 43089120 0 X WWW.FRASIERMEADOWS.ORG X 1954 CO PROVIDE HOUSING, HEALTHCARE, AND RELATED SERVICES TO SENIOR CITIZENS THROUGH A RETIREMENT FACILITY. 15 15 444 200 0 0 5657523 1140707 36570302 39577758 406707 -207110 -5292681 221205 37341851 40732560 27132 90000 0 0 15641025 15363064 0 0 46829 26477448 25609264 42145605 41062328 -4803754 -329768 253254527 252296856 230926842 237234407 22327685 15062449 FRASIER MEADOWS MANOR IS A NON-PROFIT ORGANIZATION THAT PRINCIPALLY PROVIDES HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO SENIOR CITIZENS THROUGH THE OPERATION OF A RETIREMENT FACILITY. 0 0 27647176 90000 39577758 FRASIER MEADOWS MANOR IS TAX-EXEMPT CONTINUING CARE RETIREMENT COMMUNITY OPERATED TO FURTHER THE VISION AND MISSION OF THE UNITED METHODIST CHURCH AS EXPRESSED BY ITS GENERAL BOARD OF DISCIPLESHIP THROUGH THE METHODIST CENTER ON AGING AND OLDER ADULT MINISTRIES. THE FACILITY INCLUDES INDEPENDENT LIVING, ASSISTED LIVING AND SKILLED NURSING CARE, WHICH INCLUDES INDEPENDENT AND ASSISTED RESIDENTIAL COMPETENCY SUPPORT, MEAL SERVICES, CHAPLAINCY PROGRAM WITH OPPORTUNITIES FOR SPIRITUAL GROWTH AND SUPPORT, AND RECREATIONAL AND THERAPEUTIC ACTIVITIES. THE FACILITIES AND PROGRAMS ARE DESIGNED TO MEET THE UNIQUE NEEDS OF SENIORS FOR FINANCIAL SECURITY, CONSISTENCY AND ACCESSIBLE HEALTHCARE, AND TO ENHANCE OPPORTUNITIES FOR INDEPENDENT "AGING IN PLACE". STATISTICAL INFORMATION IS AVAILABLE UPON REQUEST. 27647176 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 35 0 1 444 1 0 0 0 0 0 0 1 2 0 0 1 0 0 0 X 15 15 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X NIKKI LEWIS 7205624304 350 PONCA PLACE BOULDER CO 80303 JOHN FRISBIE CHAIR 2.00 X X 0 0 0 LESLIE DURGIN VICE CHAIR 2.00 X X 0 0 0 MEREDITH BENEDICT TREASURER 2.00 X X 0 0 0 BETTY HOYE SECRETARY 2.00 X X 0 0 0 SUSAN CONNELLY TRUSTEE 2.00 X 0 0 0 JANE ENGEL TRUSTEE 2.00 X 0 0 0 CHRIS HIGHMAN TRUSTEE 2.00 X 0 0 0 KEN HOSTELLEY TRUSTEE 2.00 X 0 0 0 JONATHAN JONES TRUSTEE 2.00 X 0 0 0 REV STEPHANIE KIDWELL TRUSTEE 2.00 X 0 0 0 CHERYL RUNYON TRUSTEE 2.00 X 0 0 0 NELSON TRUJILLO TRUSTEE 2.00 X 0 0 0 JIM WILLIAMS TRUSTEE 2.00 X 0 0 0 STU WRIGHT TRUSTEE 2.00 X 0 0 0 TIMOTHY JOHNSON PRESIDENT & CEO 40.00 X 450610 0 83886 DAVID SLACK CHIEF STRATEGY OFFICER 40.00 X 270533 0 52077 NIKKI LEWIS CFO 40.00 X 274061 0 43367 MICHELLE MACPARLAND VP OF HEALTH 40.00 X 216212 0 53734 COLLEEN RYAN MALLON VP OF MARKETING/PHILANTHROPY 40.00 X 223629 0 26418 THOMAS MENDEZ VP OF WELLNESS & COMMUNICATIONS 40.00 X 199812 0 21604 JENNIFER HOUGHTALING VP OF HUMAN RESOURCES 40.00 X 137727 0 67831 JEFFREY PUCKETT DIRECTOR OF I.T. 40.00 X 141488 0 22168 MONICA HEWELL DIRECTOR OF NURSING 40.00 X 113550 0 31537 2027622 0 402622 8 0 1 0 DG CONSTRUCTION 3525 BRENTWOOD STREET LAKEWOOD CO 80235 CONSTRUCTION 1937342 PINKARD CONSTRUCTION 9195 W 6TH AVENUE LAKEWOOD CO 80215 CONSTRUCTION 1195079 MORRISON COMMUNITY LIVING PO BOX 102289 ATLANTA GA 30368 DINING SERVICES MANAGEMENT 921095 HAYNES MECHANICAL SYSTEMS PO BOX 561389 DENVER CO 80256 HVAC MANAGEMENT 734318 HARRIS DEWART LLC PO BOX 381 NEDERLAND CO 80466 CONSTRUCTION 681710 51 1140707 132963 1140707 MANOR RESIDENT REVENUE 623000 17547257 17547257 EARNED ENTRANCE FEES 623000 10185967 10185967 PATIENT SERVICE REVENUE 623000 7719129 7719129 ASSISTED LIVING RESIDENT REVENUE 623000 3613952 3613952 OTHER PROGRAM REVENUE 623000 403564 403564 107889 107889 39577758 1781660 1781660 286419 65214 221205 221205 221205 302576 1971042 320304 -1668466 -320304 -1988770 -1988770 40732560 39577758 0 14095 90000 90000 1394361 934222 460139 11379757 8700307 2679450 164589 110622 53942 25 1461936 999048 462761 127 962421 645959 316379 83 982175 297315 684860 61736 61736 182410 182410 712750 94450 578196 40104 164396 9516 154880 506238 382430 122955 853 593085 2775 588992 1318 5576554 5527527 49027 77337 33546 43791 36463 19146 17317 5320696 5320696 9513777 9513777 765721 58252 707469 EQUIP. RENTAL & REPAIRS 306476 64291 242185 ENTERTAINMENT & INCENT. 293770 6061 284902 2807 EMPLOYEE RECRUITMENT 206215 167151 38398 666 DUES AND SUBS 110108 62572 46690 846 199357 -71791 271148 41062328 27647176 13368323 46829 3098030 1802763 999376 1530790 559835 704056 44442 62028 278271 371683 243700368 64589815 178941909 179110553 67821722 64857435 1510942 3857548 253254527 252296856 3188071 6569107 78215876 82577059 121311385 119433783 17216638 18658469 9765734 8585326 1229138 1410663 230926842 237234407 X 21429470 13840326 898215 1222123 22327685 15062449 253254527 252296856 X -329768 -9282074 2346606 X X 0 1 X 1 0 X 549546 569003 487544 5657523 1140707 8404323 22686946 24017619 27797922 36570302 39577758 150650547 23236492 24586622 28285466 42227825 40718465 159054870 12870 21905 25805 25147 179938 265665 0 12870 21905 25805 25147 179938 265665 158789205 1084063 1241762 904050 1130036 2002865 6362776 1084063 1241762 904050 1130036 2002865 6362776 -5372456 -5372456 24320555 25828384 29189516 37985405 42721330 160045190 0.99220 0.96240 0.03980 0.03700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 545245 9150 77611 476784 427477 7560 116396 6188 545245 410381 8194 17735 8833 427477 338502 63710 14147 5978 410381 304686 11450 22366 338502 0.20333 0.51403 0.28264 0 0 84338 84338 221359900 57026935 164332965 4099438 1753787 2345651 9708080 5809093 3898987 8448612 8448612 179110553 ANNUITIES PAYABLE 91082 APPLICANT DEPOSITS 1319581 1410663 X 33533545 -9282074 2346606 -6935468 40469013 182410 81137 263547 40732560 40798781 0 40798781 182410 81137 263547 41062328 PART IV, LINE 2B: INDIVIDUALS ADMITTED AS RESIDENTS OF THE ORGANIZATION ARE ENTITLED TO A REFUND OF A PORTION OF THEIR ENTRANCE FEES, BASED ON WHICH OF THREE CONTRACT OPTIONS THEY SELECT. THE STATE OF COLORADO REQUIRES THAT THE ORGANIZATION REFUND THE RESIDENT'S REFUNDABLE FEES WITHIN 180 DAYS OF TERMINATION OF THE AGREEMENT. PART V, LINE 4: THE ENDOWMENT FUNDS CONSIST OF VARIOUS FUNDS ESTABLISHED TO HELP ACCOMPLISH THE ORGANIZATION'S PROGRAM SERVICES. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. ACCORDINGLY, NO PROVISION IS MADE FOR FEDERAL, STATE, OR LOCAL INCOME TAXES. THE ORGANIZATION APPLIES A MORE LIKELY THAN NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2022 AND 2021. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED AS GENERAL AND ADMINISTRATIVE EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2021 OR 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAINS ON INTEREST RATE SWAPS 2,346,606. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL INCOME/EXPENSE NETTED ON SOFE 81,137. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL INCOME/EXPENSE NETTED ON SOFE 81,137. 1 ALZHEIMER'S ASSOCIATION 225 N MICHIGAN AVENUE FLOOR 17 CHICAGO IL 60601 363463656 501(C)(3) 15000 0 N/A N/A SPONSOR THE WALK TO END ALZHEIMER'S BOULDER COUNTY AREA AGENCY ON AGING PO BOX 471 BOULDER CO 80306 846000748 BOULDER COUNTY 15000 0 N/A N/A GENERAL SUPPORT BOULDER HOUSING PARTNERS FOUNDATION 4800 NORTH BROADWAY BOULDER CO 80304 841584949 501(C)(3) 20000 0 N/A N/A EMERGENCY HOUSING FUNDS BOULDER OLDER ADULT SERVICES 1777 BROADWAY BOULDER CO 80302 846000566 CITY OF BOULDER 15000 0 N/A N/A GENERAL SUPPORT FRIENDS OF THE LONGMONT SENIOR CENTER PO BOX 313 LONGMONT CO 80502 840860782 501(C)(3) 15000 0 N/A N/A GENERAL SUPPORT LOUISVILLE SENIOR SERVICES 749 MAIN STREET LOUISVILLE CO 80027 846000689 CITY OF LOUISVILLE 10000 0 N/A N/A ACTIVITY SCHOLARSHIP PROGRAM 3 3 PART I, LINE 2: THE ORGANIZATION DOES NOT MONITOR THE USE OF FUNDS GRANTED TO ORGANIZATIONS. X X X X 0 1 0 0 0 1 0 0 0 TIMOTHY JOHNSON PRESIDENT & CEO 375620 0 74990 0 0 0 47252 0 36634 0 534496 0 0 0 DAVID SLACK CHIEF STRATEGY OFFICER 235046 0 35487 0 0 0 30812 0 21265 0 322610 0 0 0 NIKKI LEWIS CFO 238628 0 35433 0 0 0 27239 0 16128 0 317428 0 0 0 MICHELLE MACPARLAND VP OF HEALTH 140770 0 75442 0 0 0 22320 0 31414 0 269946 0 0 0 COLLEEN RYAN MALLON VP OF MARKETING/PHILANTHROPY 202632 0 20997 0 0 0 4204 0 22214 0 250047 0 0 0 THOMAS MENDEZ VP OF WELLNESS & COMMUNICATIONS 179004 0 20808 0 0 0 4363 0 17241 0 221416 0 0 0 JENNIFER HOUGHTALING VP OF HUMAN RESOURCES 117859 0 19868 0 0 0 17509 0 50322 0 205558 0 0 0 JEFFREY PUCKETT DIRECTOR OF I.T. 128592 0 12896 0 0 0 3971 0 18197 0 163656 0 0 0 PART I, LINE 4B IN MAY 2014, THE ORGANIZATION ADOPTED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) UNDER SECTION 457(F) COVERING CERTAIN KEY EMPLOYEES AS SELECTED BY THE EXECUTIVE COMMITTEE ACTING ON BEHALF OF THE BOARD OF TRUSTEES. EACH ANNUAL DISCRETIONARY CONTRIBUTION THE ORGANIZATION CONTRIBUTES TO THE PARTICIPANTS VESTS AS DETERMINED BY THE EXECUTIVE COMMITTEE. UPON VESTING, DEATH, PERMANENT DISABILITY, OR TERMINATION WITHOUT CAUSE, THE PARTICIPANT OR BENEFICIARY WILL RECEIVE A LUMP-SUM DISTRIBUTION WITHIN 60 DAYS. ALL OTHER SEPARATION FROM SERVICE RESULTS IN FORFEITURE. THE FOLLOWING CONTRIBUTIONS WERE MADE DURING THE FISCAL YEAR: TIM JOHNSON- $35,776 NIKKI LEWIS- $21,100 MICHELLE MCPARLAND- $16,671 DAVID SLACK- $23,571 JANNIFER HOUTALING- $13,457 PART I, LINE 6 THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PLAN FOR EXECUTIVES, VICE PRESIDENTS AND OTHER LEADERSHIP POSITIONS. NET INCOME IS ONE OF SEVERAL FACTORS INCLUDED IN THE PLAN. OTHER FACTORS INCLUDE ADHERENCE TO BUDGETS, OCCUPANCY, AND COMPLETING A SMART GOAL. A COLORADO HEALTH FACILITIES AUTHORITY 840752932 19648FBX1 2017-04-18 87452159 REFUND SERIES 2008 BONDS; CAPITAL EXPENDITURES 0 0 0 B COLORADO HEALTH FACILITIES AUTHORITY 840752932 19648FGA6 2017-12-20 59048646 CAPITAL EXPENDITURES 0 0 0 C COLORADO HEALTH FACILITIES AUTHORITY 840752932 2020-07-08 40000000 PARTIALLY DEFEASE THE APRIL 2017 BONDS 0 0 0 A 47210000 87452159 5719525 1450303 42633113 37649219 2019 1 0 1 1 B 19550000 59048646 3402750 3750000 940000 50955926 2019 0 0 1 1 C 40000000 611500 39388500 2020 1 0 1 1 A 0 1 0 0 0.00800 0.00800 0 0 1 B 0 1 0 0 0.00800 0.00800 0 0 1 C 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 C 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: COLORADO HEALTH FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/31/2022 X 2 17668 FAIR MARKET VALUE X 4 115295 MARKET PRICE 2 0 0 1 PART I, COLUMN (B): COLUMN B INDICATES THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: DONATED STOCK IS SENT TO OUR INVESTMENT MANAGER. A 3RD PARTY IS USED TO SELL DONATED VEHICLES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE BOARD'S CHAIR, VICE CHAIR, SECRETARY, IMMEDIATE PAST CHAIR, THE CHAIR OF THE FINANCE COMMITTEE, AND TWO OTHER TRUSTEES. THE EXECUTIVE COMMITTEE ACTS FOR THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE BOARD. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE ARE DISCLOSED IN MINUTES OF THEIR MEETINGS AND THEREAFTER RATIFIED BY THE BOARD OF TRUSTEE AT THEIR NEXT MEETING. FORM 990, PART VI, SECTION A, LINE 3 DURING THE FISCAL YEAR, FRASIER OUTSOURCED OUR INVESTMENT MANAGEMENT TO MARQUETTE & ASSOCIATES. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THEIR BYLAWS TO UPDATE LANGUAGE FOR DBA FRASIER AND UPDATE THE TERM LIMITS OF OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990 IS REVIEWED BY THE CFO, CEO AND BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE OR OFFICER SIGNS A COPY OF THE CONFLICT OF INTEREST POLICY AT THE INITIATION OF HIS OR HER TERM OF OFFICE, ANNUALLY THEREAFTER, AND AT THE TIME OF ANY SIGNIFICANT CHANGE OF DUTIES. DURING THE YEAR, CONFLICTS ARE BROUGHT UP AND RECORDED IN THE BOARD OF TRUSTEES MINUTES. IF ANY CONFLICTS OF INTEREST EXIST, THE BOARD MEMBERS RECUSE THEMSELVES FROM VOTING ON ANY MATTER PERTAINING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE COMPENSATION OF THE CEO AND OTHER OFFICERS OF FRASIER MEADOWS MANOR. AT LEAST EVERY FOUR YEARS, THE EXECUTIVE COMMITTEE COMMISSIONS A QUALIFIED INDEPENDENT CONSULTING FIRM TO EVALUATE THE ORGANIZATION'S EXECUTIVE COMPENSATION PROGRAM. USING THE DATA FROM THE COMPENSATION STUDY, THE EXECUTIVE COMMITTEE REVIEWS AND SETS THE COMPENSATION PACKAGES OF THE CEO AND OTHER EXECUTIVE POSITIONS. THE EXECUTIVE COMMITTEE MAINTAINS THE REQUIRED DOCUMENTATION OF THE PROCESS IN THE MINUTES OF ITS MEETINGS, WHICH INCLUDES, AMONG OTHER INFORMATION, THE TERMS OF THE COMPENSATION PACKAGES AND THE COMPARABILITY DATA USED IN DETERMINING THE COMPENSATION PACKAGES. THIS PROCESS WAS LAST COMPLETED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAINS ON INTEREST RATE SWAPS 2,346,606. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.