2021-06-03T07:18:57-05:00 2020-09-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2019-10-01 581491527 KINGS BRIDGE RETIREMENT CENTER INC % KEVIN SHAW KING 4043210263 3055 BRIARCLIFF RD Atlanta GA 303292601 KEVIN SHAW EXECUTIVE DIRECTOR 4044839671 2021-08-15 true P01372980 4048746244 2021-08-15 2019 2022-09-23 18:48:47Z KEVIN SHAW 3055 BRIARCLIFF RD Atlanta GA 303292601 6954927 false X WWW.KINGSBRIDGE.ORG X 1981 GA Our mission is to provide high-quality housing with a community environment and homelike atmosphere for senior adults. 12 12 71 0 0 0 0 407467 6574290 6457970 22459 9843 83461 61034 6680210 6936314 0 0 0 0 2097717 2592170 0 0 0 4550102 4479723 6647819 7071893 32391 -135579 15065282 15718074 5497732 6286103 9567550 9431971 X OUR MISSION IS TO PROVIDE HIGH-QUALITY HOUSING WITH A COMMUNITY ENVIRONMENT AND HOMELIKE ATMOSPHERE FOR SENIOR ADULTS. KING'S BRIDGE IS DEDICATED TO ENSURING THAT RESIDENTS ARE AFFORDED THE BEST IN ENVIRONMENT, OPPORTUNITIES, AND CARE THROUGH THE SERVICES, PROGRAMS, AND PLANNED ACTIVITIES IT OFFERS. true false 6660813 6457970 INDEPENDENT AND ASSISTED LIVING COMMUNITY PROVIDES RETIREMENT HOUSING AND INDEPENDENT LIVING SUPPORT TO APPROXIMATELY 146 RESIDENTS AND ASSISTED LIVING SUPPORT TO 35 RESIDENTS. NEW MEMORY CARE UNIT PROVIDES ADDITIONAL RESIDENT SPECIFIC ACTIVITIES TO 7 DIFFERENT RESIDENTS AS PART OF ITS ASSISTED LIVING UNIT. 6660813 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 23 0 true 71 true false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false GA X KEVIN SHAW 4049829185 3055 BRIARCLIFF RD NE ATLANTA GA 303292601 X Kevin Shaw EXECUTIVE DIRECTOR 50.0 0.0 X 173247 0 35973 Randy Black Business Manager 45.0 0.0 X 69656 0 23572 Mary Geurin Vice Chair 1.0 0.0 X 0 0 0 Ray Perez Chairman 1.0 0.0 X 0 0 0 Jack English Board Member 1.0 0.0 X 0 0 0 Anthony Ferrara Board Member 1.0 0.0 X 0 0 0 Blount Ferrell Board Member 1.0 0.0 X 0 0 0 Karen Lucas Board Member 1.0 0.0 X 0 0 0 Betsy Smith Board Member 1.0 0.0 X 0 0 0 David Sullivan Board Member 1.0 0.0 X 0 0 0 Martha Sue Watkins Sec-Treasurer 1.0 0.0 X 0 0 0 JoAnn Williams Board Member 1.0 0.0 X 0 0 0 Weyman Perry BOARD MEMBER 1.0 0.0 X 0 0 0 Tom Summers Board Member 1.0 0.0 X 0 0 0 242903 0 59545 1 false true false GUEST SERVICES INC P O Box 742707 ATLANTA GA 303742707 FOOD SERVICE 1219534 ARAMARK P O Box 978839 DALLAS TX 753978839 HOUSEKEEPING 513846 ICS GENERAL CONTRACTOR 1455 OLD ALABAMA RD 125 ROSWELL GA 30076 CONSTRUCTION 1241358 ECKHARDT ELECTRIC 3690 NORTH PEACHTREE RD ATLANTA GA 30341 INSTALLATION 381727 MAGBEE CUSTOM HOMES REMODELING 124286 5 407467 407467 RESIDENCE RENTALS 721310 4695794 4695794 OTHER INCOME 900099 9506 9506 MEALS 722410 38367 38367 ASSISTED LIVING 623000 1626005 1626005 MEMORY CARE 623000 88298 88298 6457970 9843 9843 0 0 64731 64731 0 64731 64731 0 0 0 0 0 0 0 14916 18613 -3697 -3697 0 6936314 6419603 109244 X 0 0 0 0 319086 263355 55731 0 1879925 1879925 26826 23645 3181 211742 179261 32481 154591 130877 23714 0 0 32502 32502 0 0 0 1674518 1674518 82591 82591 179625 166480 13145 0 0 765201 712286 52915 0 0 2371 2371 226043 196967 29076 0 1156087 1007377 148710 134132 116878 17254 RESIDENT SERVICES 226653 226653 7071893 6660813 411080 0 X 711021 664774 470873 267608 0 0 33173 38852 0 0 0 0 0 0 0 0 10414 631 33767590 19126982 13725916 14640608 0 0 0 0 0 0 0 0 113885 105601 15065282 15718074 322822 701370 0 0 0 0 0 0 0 0 0 0 5060357 5478384 0 0 114553 106349 5497732 6286103 X 9567550 9431971 0 0 9567550 9431971 15065282 15718074 -135579 X false true X true false X 0 100000 0 0 407467 507467 6331448 6569090 6733590 6576242 6472886 32683256 0 0 0 6331448 6669090 6733590 6576242 6880353 33190723 0 6878 4289 12695 18682 4925 47469 6878 4289 12695 18682 4925 47469 33143254 87604 56474 64419 107679 74574 390750 0 87604 56474 64419 107679 74574 390750 0 0 6419052 6725564 6798009 6683921 6954927 33581473 0.98695 0.98591 0.01164 0.01233 X SCHEDULE A, PART III, LINE 1 IN APRIL 2020, THE CENTER OBTAINED A SMALL BUSINESS ADMINISTRATION LOAN UNDER THE PAYCHECK PROTECTION PROGRAM ("PPP") IN THE AMOUNT OF $407,467. THE PPP LOAN BEARS INTEREST AT 1.00% AND MAY REQUIRE REPAYMENT UNDER CERTAIN CIRCUMSTANCES. UNDER THE TERMS OF CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITIES ACT (THE "CARES ACT"), THE CENTER MAY APPLY WITH THE LENDING INSTITUTION FOR PPP LOAN PROCEEDS ARE USED TO COVER CERTAIN PAYROLL AND OTHER EXPENSES AS DEFINED BY THE CARES ACT. AS OF SEPTEMBER 30, 2020, MANAGEMENT BELIEVES ALL PPP LOAN PROCEEDS HAVE BEEN USED TO PAY QUALIFYING EXPENSES AS OUTLINE WITHIN THE CARES ACT AND HAS SATISFIED ALL CONDITIONS TO RECOGNIZE GRANT REVENUES RATABLY AS THE QUALIFYING EXPENSES WERE INCURRED. ACCORDINGLY, THE CENTER HAS RECOGNIZED GRANT REVENUE FOR THE FULL AMOUNT OF THE PPP LOAN. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 588967 588967 30642410 17922382 12720028 356680 216472 140208 2179533 988128 1191405 14640608 0 SECURITY DEPOSIT PAYABLE 106349 106349 X 6954927 18613 18613 6936314 6936314 7090506 18613 18613 7071893 7071893 ASC 740 FOOTNOTE The Center has been recognized as an organization exempt from federal income taxes under internal revenue code (the "Code") Section 501(a) as an organization described in section 501(c)(3) whereby only unrelated business income, as defined by section 512(a) of the code, is subject to Federal income tax. Accordingly, no provision for income taxes is required. The center annually evaluates all federal and state income tax positions. this process includes an analysis of whether these income tax positions the center takes meet the definition of an uncertain tax position under the income taxes topic of the financial accounting standards codification. in the normal course of business, the center is subject to examination by the federal and state taxing authorities. in general, the center is no longer subject to tax examinations for the years ending before September 30, 2017. Part XI, Line 2D Amounts Included on line 1 but not on Form 990, Part VIII, Line 12: Cost of Goods Sold....18,613 Part XII, Line 2D Amounts Included on Line 1, but not on Form 990, Part IX, Line 25: Cost of Goods Sold....18,613 X X X false false false false false false false true false Kevin Shaw EXECUTIVE DIRECTOR 171747 1500 7737 28236 209220 BONUS COMPENSATION Christmas bonus of $1500 authorized by the board of directors Part III, Line 2 FINISHED CONSTRUCTION ON A NEW MEMORY CARE UNIT FOR 13 RESIDENTS AND CURRENTLY RENTING TO 7 RESIDENTS. Part VI, Line 11A THE AUDIT COMMITTEE REVIEWS THE FORM 990 AND MAKES RECOMMENDATIONS TO THE BOARD THAT IT BE FILED. ALL VOTING MEMBERS OF THE BOARD RECEIVE A COPY OF THE FORM 990. Part VI, Line 12C ON AN ANNUAL BASIS, THE TRUSTEES ARE ASKED TO SIGN THAT THEY ARE NOT IN VIOLATION OF THE CONFLICT OF INTEREST POLICY. KEY EMPLOYEES ARE ASKED TO DO THE SAME. Part VI, Line 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS SET AND ADJUSTED BY THE BOARD OF TRUSTEES. THERE ARE NO OTHER OFFICERS THAT RECEIVE COMPENSATION. KEY EMPLOYEES' COMPENSATION IS SET BY THE EXECUTIVE DIRECTOR, AND MERIT INCREASES ARE DETERMINED BY HIM WITH THE APPROVAL OF THE BOARD OF TRUSTEES. Part VI, Line 19 ALL GOVERNING POLICIES, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST TO THE EXECUTIVE DIRECTOR. Part IX, Line 11G OTHER FEES FOR SERVICES ARE COMPRISED OF THE FOLLOWING: CHAPLAIN $35,300 OUTSIDE CONSULTING $14,125 FOOD SERVICE $1,277,479 HOUSEKEEPING SERVICES $309,814 MAINTENANCE SERVICES $37,800 ============================================= TOTAL $1,674,518 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER FEES TOTAL FEES:1674518