2021-11-12T17:09:29-06:00 2020-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-01-01 202004162 KING FARM PRESBYTERIAN RETIREMENT COMMUNITY INC KING 2404999015 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 JAMES SPENCER INTERIM CFO 2404999015 2021-11-12 1 JAMES SPENCER 202004162 KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z INGLESIDE AT KING FARM LYNN O'CONNOR 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 50935285 0 X WWW.IKFMD.ORG X 2004 MD PROVIDE QUALITY CONTINUING CARE SERVICES TO OLDER ADULTS IN A PRESBYTERIAN-AFFILIATED ORGANIZATION. 12 12 363 150 0 0 23796 1970002 22853855 29039849 2254113 948239 1503994 1415799 26635758 33373889 183884 305137 0 0 9219232 11170905 0 0 0 23096021 32335861 32499137 43811903 -5863379 -10438014 362192625 304813336 437217652 389452299 -75025027 -84638963 X WESTMINSTER INGLESIDE WILL EXCEL IN PROVIDING DISTINCTIVE AND SUSTAINABLE RESIDENTIAL SETTINGS WHERE ACTIVE SENIORS LIVE IN VIBRANT, CARING, AND SPIRITUALLY RICH COMMUNITIES, AND WHERE THEY CAN RELY ON CONTINUING WELLNESS AND HEALTHCARE SERVICES FOR THEMSELVES AND THEIR NEIGHBORS. 0 0 34774386 305137 29039849 CHARITABLE PURPOSE: CARING FOR SENIORSINGLESIDE AT KING FARM (IKF) IS A FAITH-BASED, NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN ROCKVILLE, MARYLAND JUST NORTH OF WASHINGTON DC. IKF OFFERS FOUR LEVELS OF DISTINCT CARE TO SENIORS OVER THE AGE OF 60. RESIDENTS LIVE IN INDEPENDENT LIVING, ASSISTED LIVING, MEMORY SUPPORT ASSISTED LIVING, OR SKILLED NURSING; ALL OF WHICH ARE LICENSED AND REGULATED BY THE STATE OF MARYLAND.IKF ENHANCES THE LIVES OF ALL RESIDENTS THROUGH DAILY LIFE-ENRICHMENT PROGRAMMING. OVER 4,000 PROGRAMS ARE HELD ANNUALLY; ALL FOCUS ON THE SEVEN DIMENSIONS OF WELLNESS. OVERALL, THE PROGRAMS INCORPORATE THE PHYSICAL ASPECT OF WELLNESS CENTERS BY ENDORSING REGULAR EXERCISE, MAINTAINING GOOD NUTRITION, AND AVOIDING UNHEALTHY BEHAVIORS. IKF PROMOTES PHYSICAL WELL-BEING THROUGH REGULAR EXERCISE AND STRETCHING PROGRAMS AND OFFERING A PERSONAL TRAINER ON CAMPUS TO PROVIDE RESIDENTS WITH INDIVIDUAL ATTENTION. AN INDOOR POOL AND SWIMMING INSTRUCTION ARE ALSO AVAILABLE TO RESIDENTS AS A MEANS OF HELPING THEM STAY PHYSICALLY FIT. IN ADDITION, IKF OFFERS NUTRITIONIST SERVICES TO CONSULT WITH RESIDENTS CONCERNING THEIR INDIVIDUAL DIETS.IKF ENCOURAGES INTELLECTUAL WELLNESS FOR RESIDENTS BY OFFERING CONVERSATIONS ON CURRENT EVENTS, OPPORTUNITIES TO LISTEN TO SPEAKERS ON A WIDE VARIETY OF SUBJECTS, AND A CHANCE TO PARTICIPATE IN THE RESIDENT COUNCIL AND OTHER COMMUNITY ORGANIZED COMMITTEES WHICH OFFER ADVICE AND PARTNERSHIP TO THE CAMPUS ADMINISTRATION. FOR THOSE WHO ARE EXPERIENCING MEMORY LOSS, IKF HAS DEDICATED STAFF PERSONS TO DESIGN AND LEAD SPECIAL ACTIVITIES TO INVIGORATE THE MIND. EMOTIONAL WELLNESS INCORPORATES THE CONCEPT OF BELIEVING IN ONESELF, HAVING THE ABILITY TO COPE AND ADJUST TO CHALLENGES IN A HEALTHY WAY, ENJOYING LIFE, AND STAYING OPTIMISTIC IN BELIEFS. IKF PROMOTES EMOTIONAL WELLNESS BY ENGAGING RESIDENTS IN DECISION-MAKING PROCESSES WHEN APPROPRIATE, CELEBRATING THEIR LIFETIME MILESTONES, AND PROVIDING A WIDE VARIETY OF ACTIVITIES THAT APPEAL TO DIVERSE PEOPLE. FOR EXAMPLE, RESIDENTS ARE ENCOURAGED TO TAKE A LEADERSHIP ROLE IN CREATING ON-CAMPUS PROGRAMS.CONTINUING CARE RETIREMENT COMMUNITIES (CCRCS) ARE, BY THEIR VERY NATURE, SOCIAL ENTITIES ENABLING RELATIONSHIP DEVELOPMENT. TRADITIONALLY, PEOPLE WHO AGE IN CCRCS LIVE LONGER THAN THOSE WHO DO NOT LARGELY BECAUSE OF THE SOCIAL ENVIRONMENT AND CONTINUING HEALTH CARE. RESIDENTS DINE TOGETHER, ATTEND EVENTS AND ACTIVITIES TOGETHER, AND OCCUPY THE SAME COMMON AREAS. RESIDENTS ARE NOT ISOLATED AS COMPARED TO IF THEY LIVED ALONE. MORNING MINGLES AND OUTREACH BY THE WELCOME COMMITTEE ARE IMPORTANT WAYS OF KEEPING RESIDENT ENGAGEMENT VIBRANT AT IKF. PEOPLE AT IKF COME FROM DIVERSE BACKGROUNDS WITH A WIDE VARIETY OF BELIEFS AND IDEALS AND FEEL FREE TO SHARE THESE INTERESTS WITH OTHERS.THERE ARE MANY DIMENSIONS TO SPIRITUAL WELL-BEING AND IKF HONORS ALL OF THEM. PROTESTANT, CATHOLIC, AND JEWISH SERVICES ARE ALL OFFERED REGULARLY. BELIEFS ARE HONORED ON THE WORLD DAY OF PRAYER. THERE IS A SPIRITUAL LIFE COMMITTEE OF MEMBERS LED BY THE IKF CHAPLAIN. THE COMMITTEE FOCUSES ON DEVELOPING AN INCLUSIVE SENSE OF SPIRIT AT IKF. IN 2020, IKF HIRED A SECOND CHAPLAIN TO ENHANCE THE SPIRITUAL LIFE OF THE COMMUNITY. THROUGH ITS LIFE ENRICHMENT PROGRAMS, PEOPLE FIND DEEPER PURPOSE AND MEANING IN THEIR LIVES. IKF OFFERS DANCE, TAI CHI, CHORUS AND A VARIETY OF ACTIVITIES THAT AWAKEN THE SPIRITUAL SIDE OF RESIDENTS.FROM AN ENVIRONMENTAL WELLNESS PERSPECTIVE, IKF IS A LEADER IN ENERGY AND ENVIRONMENTAL DESIGN (LEED) BECAUSE WE ARE A (GREEN) CERTIFIED BUILDING. RESIDENTS RECYCLE, AND IKF HAS RECEIVED RECYCLING AWARDS FROM THE COUNTY. THE BEAUTIFUL BUILDINGS PROVIDE RESIDENTS WITH A CALM AND RELAXING ENVIRONMENT IN WHICH TO LIVE.CHARITABLE PURPOSE: HEALTH CAREIKF PROVIDES 24 HOUR EMERGENCY SUPPORT TO ALL RESIDENTS. FOR THOSE WHO LIVE IN INDEPENDENT LIVING, A 24 HOUR, 7 DAY A WEEK CONCIERGE WILL CONTACT 911 FOR EMERGENCY SERVICE. FOR ASSISTED LIVING, MEMORY SUPPORT ASSISTED LIVING, AND COMPREHENSIVE CARE, 24 HOUR EMERGENCY CARE IS PROVIDED.IKF ALSO PROVIDES HEALTH CARE IN OUR ASSISTED LIVING, MEMORY SUPPORT ASSISTED LIVING, AND SKILLED NURSING ENVIRONMENTS. RESIDENTS WHO RETURN FROM THE HOSPITAL OR WHOSE HEALTH IS DECLINING, OFTEN REQUIRE ADDITIONAL CARE AND RESIDENTS MAY TRANSFER WITHIN TO RECEIVE INCREASINGLY COMPREHENSIVE LEVELS OF CARE - EITHER SHORT OR LONG-TERM. A WEEKLY RESIDENT REVIEW COMMITTEE, COMPRISED OF MANY LEADERSHIP DISCIPLINES, DISCUSS AND EVALUATE THE BEST SETTING WITHIN THE COMMUNITY FOR EACH RESIDENT NEEDING A CHANGE IN SERVICES. A WELLNESS CENTER IS STAFFED TO PROVIDE RESIDENTS WITH SERVICES OF AN ON-SITE NURSE, PHYSICIAN, AND NURSE PRACTITIONER. THE NURSE PROVIDES MONTHLY HEALTH EDUCATION TO ALL RESIDENTS. IN ADDITION, A PODIATRIST, OPTOMETRIST, AND DERMATOLOGIST VISIT REGULARLY TO SEE RESIDENTS. IKF ALSO PARTNERS WITH A REHABILITATION COMPANY TO OFFER OUT-PATIENT SERVICES TO RESIDENTS IN NEED OF PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES.THE RESIDENTS OF IKF BENEFIT FROM ALL THE SERVICES AND OPPORTUNITIES PROVIDED TO THEM AS THEY EXPERIENCE OLDER ADULTHOOD. THESE OFFERINGS ALLOW THE RESIDENTS TO OBTAIN A CAREFREE LIFESTYLE INSPIRED BY THEIR OWN CHOICES.THE CORPORATION EXTENDS CHARITY CARE AND OTHER SUPPORT TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS BENEVOLENT CARE POLICY AND WHO ARE UNABLE TO PAY FOR SERVICES, AT ALL LEVELS OF CARE, AS NEEDED AND WHEN APPROPRIATE, WITHOUT CHARGE OR AT RATES LESS THAN THOSE ESTABLISHED. THIS SUPPORT IS PROVIDED THROUGH A BENEVOLENCE FUND ESTABLISHED AT THE OUTSET OF THE COMMUNITY. 34774386 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 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 0 0 0 0 0 1 0 0 0 1 32 0 363 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X AMANDA MASSETTI CONTROLLER 3014072067 2275 RESEARCH BLVD SUITE 450 ROCKVILLE MD 20850 BRUCE BARTELS CHAIR 1.20 4.80 X X 0 0 0 DR WILLIAM LEAHY VICE CHAIR 1.20 4.80 X X 0 0 0 NANCY KUHN SECRETARY 1.20 4.80 X X 0 0 0 SALLY COX DIRECTOR 0.80 3.20 X 0 0 0 DR HUGH HILL DIRECTOR 0.80 3.20 X 0 0 0 CAROLYN JOHNSON DIRECTOR 0.80 3.20 X 0 0 0 WILLIAM KING DIRECTOR 1.30 2.70 X 0 0 0 JOHN KREUTZER DIRECTOR 0.80 3.20 X 0 0 0 ROBYN STONE DIRECTOR 0.80 3.20 X 0 0 0 DENIS VON KAEPPLER DIRECTOR 0.80 3.20 X 0 0 0 STEVEN WAGNER DIRECTOR 0.80 3.20 X 0 0 0 HANS WYSS DIRECTOR 0.80 4.20 X 0 0 0 LYNN O'CONNOR PRESIDENT/CEO 10.00 30.00 X 0 542645 33114 TIM MYERS CFO/COO 10.00 30.00 X 0 408921 7889 MICHELLE KRAUS EXECUTIVE DIRECTOR 40.00 X 273809 0 15089 DUSANKA DELOVSKA-TRAKOVA CIO 13.00 27.00 X 0 173227 8173 MONIQUE ELIEZER CHIEF, SALES MKTG/STRAT. (UNTIL 12/20) 13.00 27.00 X 0 453876 14954 CHRISTINE PODLES VP OF OPERATIONS 13.00 27.00 X 0 335613 9573 SALVATORE ALBANESE SVP HUMAN RESOURCES 13.00 27.00 X 0 332578 12288 JONATHAN SCHULTZ ADMINISTRATOR 40.00 X 145921 0 1136 VICKY RAGASA DIRECTOR OF NURSING 40.00 X 136861 0 6436 SHEILA WALKER DIRECTOR OF SALES 40.00 X 147353 0 4420 703944 2246860 113072 4 0 1 0 UNIDINE CORPORATION PO BOX 102289 ATLANTA GA 30268 DINING SERVICES 2973377 GREENBRIER DEVELOPMENT LLC 3232 MCKINNEY AVE STE 1160 DALLAS TX 75204 CONSTRUCTION SVCS. 1690354 WHITING TURNER 300 EAST JOPPA ROAD BALTIMORE MD 21286 CONSTRUCTION SVCS. 1588872 DUNBAR SECURITY SOLUTIONS 235 SCHILLING CIRCLE SUITE 109 HUNT VALLEY MD 21031 SECURITY SVCS. 984631 WASHINGTONIAN COMPANIES LLC 20910 LOCHAVEN COURT GAITHERSBURG MD 20882 CONTRACTED SERVICES 808756 31 1615408 354594 1970002 RESIDENT REVENUE 623000 29039849 29039849 29039849 433379 433379 528350 528350 4233 3627 606 606 606 17544279 17557769 -13490 -13490 -13490 RESIDENT UPGRADES 623000 1101925 1101925 CATERING, CAFE AND DELI INCOME 623000 102048 102048 BEAUTY/BARBER SHOP INCOME 623000 59956 59956 151264 151264 1415193 33373889 29039849 0 2364038 X 305137 305137 288898 246100 42798 9210087 7845678 1364409 93450 69500 23950 827528 704936 122592 750942 682057 68885 1667903 1667903 54448 54448 55021 55021 428 428 25972 25972 5167516 2337798 2829718 761707 7206 754501 292515 108523 183992 222470 222470 9330631 9330631 7928 7928 52873 32107 20766 11011462 11011462 208673 208673 DIETARY EXPENSE 1732994 1732994 LOSS ON EXTINGUISHMENT 1191053 1191053 THERAPY EXPENSE 181575 181575 LICENSE, FEES, DUES 170935 7963 162972 199757 162791 36966 43811903 34774386 9037517 0 200 0 2507616 832616 304697 600844 548049 583865 345751560 72356920 275220563 273394640 20819871 4295462 62791629 25105909 362192625 304813336 14080964 4767211 23144556 38770197 225895452 142437658 174096680 203477233 437217652 389452299 X -77778542 -88115087 2753515 3476124 -75025027 -84638963 362192625 304813336 X -10438014 6454 817624 X 0 1 X 1 0 X 103874 155308 100719 23796 1970002 2353699 21488606 22734444 22085135 22853855 29039849 118201889 634825 524368 677962 1410888 1369811 4617854 22227305 23414120 22863816 24288539 32379662 125173442 0 0 0 125173442 434936 596071 845837 749446 965962 3592252 434936 596071 845837 749446 965962 3592252 23774 35226 18981 39662 45382 163025 22686015 24045417 23728634 25077647 33391006 128928719 0.97090 0.97300 0.02790 0.02580 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 23,774. 2017 AMOUNT: $ 35,226. 2018 AMOUNT: $ 18,981. 2019 AMOUNT: $ 39,662. 2020 AMOUNT: $ 45,382. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 428 428 0 PART II-B, LINE 1: THE FILING ORGANIZATION IS A MEMBER OF VARIOUS ORGANIZATIONS THAT SUPPORT SENIOR LIVING COMMUNITIES. A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS IS ALLOCATED TO LOBBYING EXPENSES. 23115317 23115317 304328067 60901350 243426717 18302211 11455570 6846641 5965 5965 273394640 INTEREST IN NET ASSETS OF FOUNDATION 3476124 DUE FROM AFFILIATES 4672160 UNDER TRUST INDENTURE 16957625 25105909 PRIORITY LIST DEPOSITS 1560295 REFUNDABLE ENTRANCE FEES 201916938 203477233 32984569 6454 -399401 -392947 33377516 -3627 -3627 33373889 42598505 3627 3627 42594878 1217025 1217025 43811903 PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN INTEREST IN NET ASSETS OF FOUNDATION 722,609. INVESTMENT FEES -25,972. GAIN ON CHARITABLE GIFT ANNUITY 95,015. LOSS ON EXTINGUISHMENT OF DEBT -1,191,053. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -3,627. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,627. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 25,972. LOSS ON EXTINGUISHMENT OF DEBT 1,191,053. 1 WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 541949766 501(C)(3) 305137 GENERAL OPERATING SUPPORT 1 0 PART I, LINE 2: THE ASSISTANCE IS IN THE FORM OF REIMBURSED EXPENSES FOR A RELATED ENTITY. ALL ACCOUNTING FUNCTIONS ARE PERFORMED ON A CONSOLIDATED BASIS AND NO FURTHER MONITORING IS NECESSARY. X X X X 0 1 0 0 0 0 0 1 0 LYNN O'CONNOR PRESIDENT/CEO 0 456918 0 85727 0 0 0 30464 0 2650 0 575759 0 0 MONIQUE ELIEZER CHIEF, SALES MKTG/STRAT. (UNTIL 12/2 0 200198 0 15328 0 238350 0 8550 0 6404 0 468830 0 0 TIM MYERS CFO/COO 0 342811 0 66110 0 0 0 1453 0 6436 0 416810 0 0 CHRISTINE PODLES VP OF OPERATIONS 0 287743 0 47870 0 0 0 8550 0 1023 0 345186 0 0 SALVATORE ALBANESE SVP HUMAN RESOURCES 0 268203 0 64375 0 0 0 6481 0 5807 0 344866 0 0 MICHELLE KRAUS EXECUTIVE DIRECTOR 237609 0 36200 0 0 0 5953 0 9136 0 288898 0 0 0 DUSANKA DELOVSKA-TRAKOVA CIO 0 154332 0 18895 0 0 0 5283 0 2890 0 181400 0 0 SHEILA WALKER DIRECTOR OF SALES 101953 0 45400 0 0 0 4420 0 0 0 151773 0 0 0 PART I, LINE 4B LYNN O'CONNOR PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR WHICH $21,914 WAS CONTRIBUTED IN 2020. PART I, LINE 7 EXECUTIVE LYNN O'CONNOR, THE PRESIDENT AND CEO, RECEIVED A BONUS AT THE DISCRETION OF THE BOARD OF DIRECTORS. THE BONUS WAS BASED ON SET GOALS SUCH AS THE COMMUNITIES ACHIEVING THEIR BOND COVENANTS. TIM MYERS, THE CFO & COO, DUSANKA DELOVSKA-TRAKOVA, THE CIO, MONIQUE ELIEZER, THE CHIEF OF SALES MARKETING, CHRISTINE PODLES, THE VP OF OPERATIONS, SALVATORE ALBANESE, SVP HUMAN RESOURCES, MICHELLE KRAUS, EXECUTIVE DIRECTOR, AND SHEILA WALKER, DIRECTOR OF SALES, ALSO RECEIVED BONUSES BASED UPON A SIMILAR SET OF GOALS DURING THE YEAR. A MAYOR AND COUNCIL OF ROCKVILLE 526001573 774223BX8 2017-11-01 224280000 FACILITY CONSTRUCTION AND REFUNDING OF PRIOR ISSUE 0 0 0 A 87640000 234303675 9895579 12723691 4169708 120816959 84872900 1824588 2019 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MAYOR AND COUNCIL OF ROCKVILLE DATE THE REBATE COMPUTATION WAS PERFORMED: 10/31/2018 SCHEDULE K, PART II, LINE 3: THE AMOUNT OF PROCEEDS REPORTED ON PART II, LINE 3 INCLUDES PREMIUM ON THE BOND ISSUE, HENCE THE AMOUNT DIFFERS FROM THE FACE VALUE OF THE BONDS AS LISTED IN PART I, COLUMN E. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD DELEGATES AUTHORITY TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR, VICE CHAIR, CHAIR EMERITUS, PRESIDENT/CEO, SECRETARY AND TREASURER. ALL ARE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 6 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. (45-3825159) IS THE SOLE MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF THE PARENT, WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. (45-3825159), HOLDS THE POWER TO ELECT, APPOINT, AND REMOVE MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC., THE PARENT ORGANIZATION, HAS THE POWER TO ACT ON BEHALF OF THE ORGANIZATION AS WELL AS THE POWER TO DEFINE THE MISSION, POLICIES, AND RETAINING, EVALUATING, AND SETTING COMPENSATION FOR THE PRESIDENT/CEO. IT ALSO HAS THE RIGHT TO DELEGATE ANY OF ITS POWERS TO THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW IS PERFORMED BY THE PRESIDENT, CHIEF FINANCIAL OFFICER, AND CONTROLLER. ONCE THE MANAGEMENT TEAM APPROVES THE DRAFT, ALL BOARD MEMBERS RECEIVE A COPY OF THE RETURN FOR REVIEW. BOARD MEMBERS MAY DISCUSS CORRECTIONS, REVISIONS, AND QUESTIONS WITH MANAGEMENT. SUBSEQUENT TO BOARD REVIEW THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY STATES THAT DIRECTORS, OFFICERS, AND ALL EMPLOYEES ANNUALLY, OR AT ANY TIME THAT A SITUATION ARISES, DECLARE CONFLICTS OF INTEREST. NOT ONLY ACTUAL CONFLICTS BUT TRANSACTIONS FROM WHICH A CONFLICT MAY APPEAR TO EXIST ARE TO BE DISCLOSED TO THE BOARD CHAIR OR THE FOUNDATION DIRECTOR. THE BOARD CHAIRMAN, DIRECTOR, AND PRESIDENT/CEO OF THE ORGANIZATION MONITOR CONFLICT DISCLOSURES. ANY DIRECTOR OR OFFICER FOR WHICH A CONFLICT MAY BE INVOLVED IS EXPECTED TO REMAIN REMOVED FROM ANY DISCUSSIONS OR DECISION-MAKING RELATED TO THE CONFLICT. BUSINESS AND FAMILY RELATIONSHIPS ARE SPECIFICALLY MENTIONED IN THE CONFLICT OF INTEREST STATEMENT AS PART OF THE DUE DILIGENCE THE ORGANIZATION FOLLOWS TO ENSURE CONFLICTS ARE HANDLED IN AN ETHICAL MANNER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD EXECUTIVE COMMITTEE SERVING AS THE COMPENSATION COMMITTEE FOLLOWS COMPENSATION BEST PRACTICE PROCESSES TO EVALUATE AND COMPENSATE THE PRESIDENT/CEO. THE PROCESS INCLUDES THE FOLLOWING: THE BOARD EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND USES TWO SALARY SURVEYS TO ESTABLISH COMPENSATION WITHIN FAIR VALUE RANGE. ONE SURVEY PROVIDES INFORMATION ON AN INDUSTRY-WIDE BASIS AND THE OTHER PROVIDES COMPARABLES FOR THE DC METROPOLITAN AREA. THE BOARD ALSO USES AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IN THE COMPENSATION ANALYSIS AND DETERMINATION. THESE METHODS PROVIDE ADDITIONAL BENCHMARKING INFORMATION TO ESTABLISH THE COMPENSATION PACKAGE FOR THE PRESIDENT/CEO. THE BOARD EXECUTIVE COMMITTEE, OPERATING AS THE COMPENSATION COMMITTEE, APPROVES THE PRESIDENT/CEO'S COMPENSATION, WHICH THEN GOES TO THE BOARD OF DIRECTORS FOR APPROVAL. ALL DISCUSSIONS ON COMPENSATION ARE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE SESSION. SIMILAR PROCEDURES ARE ESTABLISHED FOR OTHER KEY EMPLOYEES AS WELL. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATIONS' GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE KEPT IN THE LIBRARIES AT EACH COMMUNITY. THEY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,909,726. MANAGEMENT AND GENERAL EXPENSES 1,901,208. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,810,934. CONSULTANTS: PROGRAM SERVICE EXPENSES 7,842. MANAGEMENT AND GENERAL EXPENSES 750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,592. MARKETING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 377,722. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 377,722. MEDICAL SERVICES: PROGRAM SERVICE EXPENSES 7,530. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,530. BEAUTY SALON: PROGRAM SERVICE EXPENSES 42,945. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,945. DINING AND DIETICIAN SERVICES: PROGRAM SERVICE EXPENSES 3,744. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,744. MAINTENANCE SERVICES: PROGRAM SERVICE EXPENSES 366,011. MANAGEMENT AND GENERAL EXPENSES 9,361. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 375,372. IT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 540,677. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 540,677. FORM 990, PART XI, LINE 9: INCREASE IN INTEREST IN NET ASSETS OF FOUNDATION 722,609. GAIN ON CHARITABLE GIFT ANNUITY 95,015. INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY 3050 MILITARY ROAD WASHINGTON DC 20015 530128590 RESIDENTIAL HEALTH CARE DC 501(C)(3) LINE 10 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER PRESBYTERIAN RETIREMENT COMMUNITY 12191 CLIPPER DRIVE LAKE RIDGE VA 22192 530128590 RESIDENTIAL HEALTH CARE VA 501(C)(3) LINE 10 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 541949766 PROVIDES SUPPORT TO RELATED ORGANIZATIONS DC 501(C)(3) LINE 12A, I WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER INGLESIDE KING FARM RETIREMENT COMMUNITIES INC 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 453825159 SUPPORTING ORGANIZATION DC 501(C)(3) LINE 12B, II N/A 0 INGLESIDE AT HOME LLC 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 474127765 HOME CARE SERVICES VA 501(C)(3) LINE 10 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 THE WESTMINSTER INGLESIDE GROUP LLC 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 474479605 MANAGEMENT SVC. DE N/A C 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0