2021-09-30T13:41:36-05:00 2020-12-31 593070669 MOORE STEPHENS LOVELACE PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2020-01-01 311671731 SKIDAWAY HEALTH AND LIVING SERVICES INC SKID 9125983601 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 AMANDA ELLIOTT EXECUTIVE DIRECTOR 9125983601 2021-09-30 1 AMANDA ELLIOTT 999009999 COURTNEY HOGBEN P01619105 4077405400 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHARLES KOEPKE 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 18100494 0 X WWW.MARSHESOFSKIDAWAY.ORG X 1999 GA OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY ENRICHING THE LIVES AND WELL-BEING OF SENIORS. 12 12 301 12 0 0 10000 1367503 15537224 16321693 660004 235994 848131 0 17055359 17925190 0 0 0 0 6627698 6685833 0 0 0 11439003 11267068 18066701 17952901 -1011342 -27711 87206803 83431593 133239304 139883179 -46032501 -56451586 SKIDAWAY HEALTH AND LIVING SERVICES, INC. IS A COMMUNITY-BASED ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS THROUGH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 0 0 16266321 16321693 THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY THAT OPERATES UNDER THE CONTINUING CARE CONCEPT IN WHICH RESIDENTS ENTER INTO OCCUPANCY AGREEMENTS THAT REQUIRE PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THE COMMUNITY INCLUDES 182 INDEPENDENT LIVING UNITS, 176 OF WHICH WERE OCCUPIED AS OF DECEMBER 31, 2020. THE COMMUNITY'S SKILLED NURSING FACILITY OFFERS 24-HOUR NURSING SERVICES VIA 23 SKILLED NURSING CARE BEDS. THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO RESIDENTS OF 21 ASSISTED LIVING UNITS. OTHER SERVICES INCLUDE FOOD SERVICE AND IN-HOME HEALTH CARE. 16266321 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 38 0 1 301 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X LORNA CARSWELL 9125985030 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 MICHAEL REESE FOOD AND BEVERAGE DIRECTOR 40.00 X 109175 0 16012 LORNA CARSWELL ACCOUNTING DIRECTOR 40.00 X 93899 0 8797 CHUCK KOEPKE PRESIDENT 0.50 X X 0 0 0 BARBARA M THIOS VICE PRESIDENT 0.50 X X 0 0 0 VICKI WILSON MCELREATH TREASURER 0.50 X X 0 0 0 BILL STERRITT SECRETARY 0.50 X X 0 0 0 JAMES S GAINER JR MD MEMBER 0.50 X 0 0 0 DAVID GROSSE MEMBER 0.50 X 0 0 0 LOLA M KING RN-BSN MEMBER 0.50 X 0 0 0 MICHAEL D ROUTHIER CPA MEMBER 0.50 X 0 0 0 ROBERT J MCGUIRK MEMBER 0.50 X 0 0 0 THOMAS SAYER MEMBER 0.50 X 0 0 0 MARTIN L WALSH MEMBER 0.50 X 0 0 0 RAMON MEGUIAR MEMBER 0.50 X 0 0 0 AMANDA ELLIOTT EXECUTIVE DIRECTOR 40.00 X 0 0 0 203074 0 24809 1 0 0 0 LIFE CARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT FEES 845934 HEALTH PRO-HERITAGE LLC 536 PO BOX 69268 BALTIMORE MD 21264 THERAPY CONTRACTOR 385213 CORNERSTONE RENOVATION GROUP LLC 410 PEACHTREE PARKWAY CUMMINGS GA 30041 CONSTRUCTION SERVICES 375000 SHARPE PAINTING INC 110 CROMWELL CT SAVANNAH GA 31410 CONSTRUCTION SERVICES 348973 GLYNN DEVINS INC 8880 WARD PARKWAY KANSAS CITY MO 64114 ADVERTISING 271622 10 1325893 41610 1367503 MONTHLY SERVICE FEES 623000 11916690 11916690 HEALTHCARE FEES 623000 1702833 1702833 HOME HEALTH SERVICE FEES 623000 1025420 1025420 EARNED ENTRANCE FEES 623000 914520 914520 OTHER RESIDENT REVENUE 623000 762230 762230 16321693 382798 382798 28500 175304 0 -175304 28500 -146804 -146804 17925190 16321693 0 235994 341926 341926 5388936 5005364 383572 16059 16059 552306 408040 144266 386606 319073 67533 756764 567574 189190 636 636 42071 42071 144307 144307 304663 304663 20029 17365 2664 2487525 2457310 30215 281 281 3070609 3033288 37321 3259657 3218310 41347 148285 113767 34518 FOOD EXPENSE 621574 621574 SUPPLIES & EQUIPMENT 318945 315942 3003 EMPLOYEE EXPENSES 43550 38984 4566 MISCELLANEOUS 27687 27687 20485 5142 15343 17952901 16266321 1686580 0 1840475 4670523 13099258 12446185 621383 377456 89268 109904 176506 165921 102502579 41573602 61711368 60928977 4140995 4649643 80234 79684 5447316 3300 87206803 83431593 1975953 655810 5780749 6005935 40542299 0 0 46540896 84940303 86680538 133239304 139883179 X -46032501 -56493196 0 41610 -46032501 -56451586 87206803 83431593 X -27711 406561 -10797935 X X 0 1 X 1 0 X 10000 1367503 1377503 15286057 14939868 15171967 15537224 16321693 77256809 15286057 14939868 15171967 15547224 17689196 78634312 0 0 0 78634312 90541 153582 220644 314340 382798 1161905 90541 153582 220644 314340 382798 1161905 202877 59447 1493559 848131 2604014 15579475 15152897 16886170 16709695 18071994 82400231 0.95430 0.95480 0.01410 0.01090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3400000 3400000 92534496 38201629 54332867 4522590 3371973 1150617 2045493 2045493 60928977 MONEY MARKET FUNDS 137221 F CORPORATE EQUITIES 509232 F CORPORATE BONDS 223184 F MUTUAL FUNDS 3780006 F 4649643 DEPOSITS 1288359 REFUNDABLE ENTRANCE FEES PAYABLE 84549179 FAIR VALUE OF INTEREST RATE SWAPS 843000 86680538 X 7533818 406561 -10797933 -10391372 17925190 0 17925190 17952901 0 17952901 0 17952901 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF GEORGIA AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THESE FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. AS OF DECEMBER 31, 2020, WITH CERTAIN STATUTORY EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL OR STATE OF GEORGIA TAXING AUTHORITIES FOR ANY YEARS BEFORE THE TAX YEAR ENDED DECEMBER 31, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EARLY EXTINGUISHMENT OF BONDS -9,954,933. CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -843,000. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A MANAGEMENT COMPANY, LIFE CARE SERVICES LLC (LCS), TO MANAGE THE DAY-TO-DAY OPERATIONS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES, DIRECTIVES, AND GOALS. THE EXECUTIVE DIRECTOR OF THE HEALTH CARE CENTER IS A LCS EMPLOYEE. THE FILING ORGANIZATION REIMBURSED LCS IN THE AMOUNT OF $248,027 FOR EXECUTIVE DIRECTOR SERVICES PROVIDED DURING THE CURRENT YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN ITS ENTIRETY BY THE CHAIR OF THE FINANCE COMMITTEE BEFORE IT IS FILED WITH THE IRS. A COPY OF THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHENEVER A CONFLICT IS IDENTIFIED THROUGH THE ANNUAL DISCLOSURE PROCESS. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS RESTS IN THEIR DISCRETION, AND THEIR CONCERN IS THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT MANAGEMENT COMPANY AND DOES NOT DIRECTLY PAY COMPENSATION TO ITS TOP MANAGEMENT OFFICIAL. PLEASE SEE THE DISCUSSION CONCERNING THE BOARD-APPROVED MANAGEMENT AGREEMENT IN RESPONSE TO PART VI, LINE 3. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND FOR REVIEW IN ITS OFFICE. FORM 990, PART XI, LINE 9: LOSS ON EARLY EXTINGUISHMENT OF BONDS -9,954,933. CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -843,000. ROUNDING -2. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDIT: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GENERAL DISCLOSURE: SOCIAL ACCOUNTABILITY THE ORGANIZATION PROVIDES VARIOUS OPPORTUNITIES TO IMPROVE THE LIVES OF THE SENIORS IN THE AREA AND TO GIVE BACK TO THE COMMUNITY IN WHICH THE ORGANIZATION SERVES. ACTIVITY PERFORMED THROUGHOUT THE REPORTING YEAR BY THE ORGANIZATION'S EMPLOYEES AND RESIDENTS ON A VOLUNTEER BASIS INCLUDES: 1) PROVIDED AND SERVED LUNCH TO CHILDREN AT FRESH AIR HOME SUMMER CAMP 2) ORGANIZED A PANCAKE BREAKFAST, BAKE SALE/SPAGHETTI LUNCH, AND A CAR WASH FOR THE ALZHEIMER'S ASSOCIATION 3) DONATED 305 POUNDS OF FOOD TO AMERICA'S SECOND HARVEST 4) REACHED OUT TO MINORITIES, DISABLED AND OTHER UNDERSERVED AT THE SALVATION ARMY AND GAVE A TEDDY BEAR DONATIONS 5) ORGANIZED THE "WINE FOR WHEELS" SILENT AUCTION FOR THE DISABLED ELDERLY 6) ORGANIZED GALA EVENT FOR SAFE SHELTER CHARITY 7) ORGANIZED A PANCAKE BREAKFAST AND CAR WASH FOR THE AMERICAN CANCER SOCIETY 8) ORGANIZED A PANCAKE BREAKFAST AND TOY DRIVE FOR TOYS FOR TOTS 9) DONATED FLOORING, ROUND/LONG TABLES, 10 CARD TABLES, AND 5 PLATE WARMERS TO OLD SAVANNAH CITY MISSION 10) MARKETED FOR THE KIWANIS CHILI COOK OFF AND "BURNING OF THE SOCKS" CHARITY THE ORGANIZATION'S EMPLOYEES AND RESIDENTS COLLECTED MONETARY DONATIONS OVER $20,000, WHICH WERE DISTRIBUTED TO THE FOLLOWING: 1) AMERICAN CANCER SOCIETY 2) ALEE SHRINERS MORRIS SLTIN TRAVEL FUND FOR CHILDREN 3) AMERICA'S SECOND HARVEST 4) HARDSHIP FUND 5) HOSPICE SAVANNAH FOUNDATION 6) INDEPENDENT PRESBYTERIAN CHURCH 7) ISLE OF HOPE UNITED METHODIST CHURCH 8) SKIDAWAY ISLAND UNITED METHODIST CHURCH 9) SENIOR CITIZENS, INC. 10) MARSHES ENDOWMENT FUND 11) UNITED WAY OF THE COASTAL EMPIRE 12) WESLEY MONUMENTAL UNITED METHODIST CHURCH 13) ST. PETERS EPISCOPAL CHURCH