2020-04-20T11:44:35-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2018-07-01 231611427 LUTHERAN COMMUNITY AT TELFORD INC LUTH 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 DIANNA MCGOLDRICK VP OF FINANCE/CFO 2157239819 2020-04-16 1 RYAN SANTARELLA P02069285 2156433900 2020-04-13 67.137.57.251 2020-04-16 13:47:29 ED P 0CF8DAA38DEF6BA010CDA025D5681F15700FEA11 2F8038A1C35EF53546BED6153941B468BD598492 2018 2020-09-23 17:36:50Z DAN MCKEE 12 LUTHERAN HOME DRIVE TELFORD PA 18969 24261647 0 X WWW.LCTELFORD.ORG X 1958 PA TO PROVIDE HEALTHCARE SERVICES FOR LUTHERAN COMMUNITY OF TELFORD RETIREMENT COMMUNITY RESIDENTS. 5 5 395 105 0 0 291715 402655 21936881 22353774 1514391 612322 191038 157163 23934025 23525914 0 0 0 0 10568754 11244534 0 0 1284 11546395 11834027 22115149 23078561 1818876 447353 71376341 69948719 56926495 55874328 14449846 14074391 TO PROVIDE PROGRESSIVE LEVELS OF CARE INCLUDING PERSONAL CARE AND SKILLED NURSING IN A SECURE CHRISTIAN ENVIRONMENT. 0 0 8295489 0 9622346 OUR 75-BED HEALTHCARE NEIGHBORHOOD IS LICENSED BY THE PENNSYLVANIA DEPARTMENT OF HEALTH. IT IS BOTH A MEDICARE AND MEDICAID APPROVED FACILITY. AT THE LUTHERAN COMMUNITY AT TELFORD (LCT), OUR PHILOSOPHY OF "PERSON-CENTERED CARE", ALLOWS RESIDENTS TO LIVE IN SMALL NEIGHBORHOODS AND FORM CLOSE RELATIONSHIPS WITH EACH OTHER AND WITH STAFF. THEY NOT ONLY RECEIVE EXPERT CARE FROM PEOPLE WHO REALLY KNOW THEM, THEY ALWAYS HAVE A VOICE AND CHOICE IN DIRECTING THEIR CARE. 6853140 0 7386867 RESIDENTIAL LIVING AT LCT PROVIDES YOU WITH A NEWFOUND SENSE OF FREEDOM - A MAINTENANCE-FREE LIFESTYLE WHERE YOU GET TO RELAX AND CELEBRATE LIFE WITHOUT THE BURDEN OF HOME MAINTENANCE BUT WITH ADDED SECURITY. LCT HAS 199 APARTMENTS OF VARYING STYLES IN OUR THREE APARTMENT BUILDINGS - LUTHER VILLAGE, HARBINGER TERRACE, AND THE MEADOWS - FOR ALMOST ANY BUDGET, AS WELL AS 48 COTTAGE-STYLE HOMES THROUGHOUT OUR 56-ACRE CAMPUS. BENEVOLENT CARE IS ALSO AVAILABLE FOR THOSE RESIDENTIAL AND INDEPENDENT RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. 3745917 0 5344561 LCT IS LICENSED BY THE PENNSYLVANIA DEPARTMENT OF PUBLIC WELFARE FOR PERSONAL CARE FOR 125 RESIDENTS. OUR PERSONAL CARE IS DESIGNED FOR THE RESIDENT WHO REQUIRES ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, INCLUDING MEDICATION ADMINISTRATION. LCT'S ENVIRONMENT ENCOURAGES INDEPENDENCE, WHILE OFFERING CARE AND SUPPORT APPROPRIATE TO INDIVIDUAL NEEDS. LCT OFFERS PERSONAL CARE MEMORY SUPPORT, WHICH PROVIDES A STIMULATING ENVIRONMENT FOR 24 RESIDENTS THAT ENSURES A SENSE OF SECURITY AND STABILITY. LCT ALSO OFFERS PERSONAL CARE SUITES AND PERSONAL CARE STUDIOS THAT WILL MEET THE NEEDS OF ALL OUR RESIDENTS. BENEVOLENT CARE IS AVAILABLE FOR THOSE RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. 18894546 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 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 0 1 1 1 0 0 1 56 0 395 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X JOHN WARD 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 JOSEPH FIZELL DIRECTOR 1.00 0.00 X 0 0 0 REV DAVE LUTCHER DIRECTOR 1.00 0.00 X 0 0 0 RON SMITH CHAIR 2.00 0.00 X X 0 0 0 WILLIAM CRESSMAN VICE CHAIR 2.00 2.00 X X 0 0 0 JUNE BAIR SECRETARY 2.00 0.00 X X 0 0 0 ELLEN SHRAGER EXECUTIVE DIRECTOR 40.00 0.00 X 170840 0 13475 DAN MCKEE PRESIDENT AND CEO 2.00 38.00 X 0 301852 26725 DIANNA MCGOLDRICK VP OF FINANCE/CFO-AS OF JUL 2018 2.00 38.00 X 0 77720 3964 KELLY GODFREY RESIDENT CARE COORDINATOR 40.00 0.00 X 101465 0 23388 PATTI SMOLINSKY DIRECTOR OF NURSING 40.00 0.00 X 119362 0 0 391667 379572 67552 3 0 1 0 CURA HOSPITALITY LLC PO BOX 743676 ATLANTA GA 30374 FOOD SERVICE 1411875 BERKS RIDGE COMPANY ENTERPRISES INC 316 RUTH ROAD HARLEYSVILLE PA 19438 CONSTRUCTION 857946 SELECT REHAB PO BOX 809056 CHICAGO IL 60680 REHAB 694941 C&S LAWN & LANDSCAPE 562 MELVIN ROAD TELFORD PA 18969 LANDSCAPING 451621 GB BUILDERS 1010 PENNY ROAD GREEN LANE PA 18054 CONSTRUCTION 391477 15 240000 162655 402655 SKILLED NURSING 623990 9255972 9255972 INDEPENDENT LIVING 623990 5391148 5391148 PERSONAL CARE 623990 5336611 5336611 ENTRANCE FEE AMORTIZATION 623990 1995719 1995719 PHARMACY REVENUE 623990 168783 168783 205541 205541 22353774 408371 408371 20218 0 20218 20218 20218 939684 735733 203951 203951 203951 NON-RESIDENT MEALS 900099 97272 97272 BEAUTY AND BARBER SHOP 900099 16302 16302 CREDIT CARD REBATE 900099 10132 10132 13239 13239 136945 23525914 22353774 0 769485 186054 55816 130238 9110504 8595328 515176 161581 161581 1063189 677258 385931 723206 645293 77913 1638743 1638743 20222 20222 29569 29569 95619 95619 1602987 1336132 266855 69719 69719 203793 132198 70311 1284 155411 155411 1174032 1115330 58702 8674 2364 6310 7358 7353 5 1035934 1035934 3037709 2888862 148847 349841 153236 196605 REPAIRS AND MAINTENANCE 1747061 1703402 43659 RESIDENT SERVICES 425283 334443 90840 DIETARY SERVICES 135552 135552 HOUSEKEEPING SUPPLIES 59766 56606 3160 36754 19439 17315 23078561 18894546 4182731 1284 1513811 2104266 2335717 2546813 1600 638658 447260 50722 0 179368 168855 93803258 43805787 49833188 49997471 13057085 14116552 257000 205600 3509192 361902 71376341 69948719 2152161 1366569 19808449 20344915 1436393 1570294 33226299 31957044 303193 635506 56926495 55874328 X 14449846 14074391 14449846 14074391 71376341 69948719 X 447353 178701 -1001509 X 0 1 X 1 0 X 354119 301276 279119 291715 402655 1628884 20457027 21255870 21762902 21847113 22353774 107676686 161857 175234 181973 197695 122643 839402 20973003 21732380 22223994 22336523 22879072 110144972 250 250 0 250 250 110144722 410665 325702 280493 301577 428589 1747026 410665 325702 280493 301577 428589 1747026 67880 96420 108695 83111 14302 370408 21451548 22154502 22613182 22721211 23321963 112262406 0.98110 0.97570 0.01560 0.01560 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2014 AMOUNT: $ 32,534. 2015 AMOUNT: $ 50,280. 2016 AMOUNT: $ 66,113. 2017 AMOUNT: $ 54,623. AUXILIARY REVENUE - 2017 AMOUNT: $ 1,910. CREDIT CARD REBATE - 2018 AMOUNT: $ 10,132. OTHER MISCELLANEOUS REVENUE - 2014 AMOUNT: $ 35,346. 2015 AMOUNT: $ 46,140. 2016 AMOUNT: $ 42,582. 2017 AMOUNT: $ 26,578. 2018 AMOUNT: $ 4,170. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4344540 4344540 80082339 38362972 41719367 7928970 5442815 2486155 1447409 1447409 49997471 FAIR VALUE OF INTEREST RATE SWAP 635506 635506 X PART IV, LINE 2B: THE ORGANIZATION HAS ESCROW FUNDS THAT REPRESENT THE REFUNDABLE ENTRANCE FEES OF RESIDENTS WHO HAVE PERMANENTLY MOVED FROM AN APARTMENT UNIT INTO THE NURSING OR PERSONAL CARE FACILITY. THESE FUNDS ARE RETAINED AS SECURITY FOR THE PAYMENT OF THE RESIDENTS' CHARGES AND ARE REFUNDED IF NOT NEEDED. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMMONWEALTH OF PENNSYLVANIA STATUTES. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. IT IS THE ORGANIZATION'S POLICY TO ACCOUNT FOR ANY INTEREST OR PENALTIES ASSESSED RELATING TO UNCERTAIN TAX POSITIONS, IF ANY, AS GENERAL AND ADMINISTRATIVE EXPENSES. THE ORGANIZATION DID NOT INCUR ANY INTEREST OR PENALTIES FOR THE YEAR ENDED JUNE 30, 2019 AND 2018. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. X X X 0 0 0 0 0 0 0 0 0 ELLEN SHRAGER EXECUTIVE DIRECTOR 170657 0 183 0 0 0 5347 0 8128 0 184315 0 0 0 DAN MCKEE PRESIDENT AND CEO 0 265101 0 36751 0 0 0 8649 0 18076 0 328577 0 0 PART I, LINE 3 A RELATED ENTITY, GRACE INSPIRED MINISTRIES, USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE PRESIDENT AND CEO AND THE VP OF FINANCE/CFO: A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE. A TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY 232253252 2010-05-21 13745000 NEW CONSTRUCTION 0 0 0 B PERKASIE BOROUGH INDUSTRIAL DEVELOPMENT AUTHORITY 232311902 2015-12-17 4600000 NEW CONSTRUCTION 0 0 0 C TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY 232253252 2017-06-29 20542000 REFI 2007 BONDS & NEW CONSTRUCTION 0 0 0 A 2897433 13178799 120461 13058157 180 2012 0 0 1 1 B 436492 4600000 50000 2720575 1829425 2017 0 0 1 1 C 3110951 20542000 422193 18510000 1609807 1 0 0 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 0 C 0 0 1 1 0 0 0 0 A 0 0 0 1 1 0 0 0 1 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 1 SUNTRUST BANK 13.000000000000 0 0 0 0 0 A 1 B 0 C 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/08/2016 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS GRACE INSPIRED MINISTRIES, A RELATED 501(C)(3) PUBLIC CHARITY. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS ARE APPOINTED BY THE MEMBER, GRACE INSPIRED MINISTRIES, AT ITS ANNUAL MEETING FROM CANDIDATES NOMINATED BY THE CORPORATION'S NOMINATING COMMITTEE OR OTHERWISE SELECTED BY THE MEMBER TO BEGIN TERMS AS OF THE DATE OF THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B WITHOUT THE APPROVAL OF THE MEMBER, GRACE INSPIRED MINISTRIES, THE BOARD MAY NOT: (A) MAKE ANY STRATEGIC PLANNING DECISIONS OR APPROVE A STRATEGIC PLAN; (B) AUTHORIZE OR ENGAGE IN ANY MARKETING OR COMMUNITY EDUCATION PROGRAMS; (C) INITIATE, CEASE, OR SIGNIFICANTLY MODIFY ANY FUNDRAISING ACTIVITIES OR PLANS FOR THE SOLICITATION OF CHARITABLE CONTRIBUTIONS OR FOR THE SOLICITATION OR ACCEPTANCE AS A GIFT OF ANY REAL PROPERTY OR INTEREST THEREIN; (D) CHANGE THE AREA SERVED BY THE CORPORATION; (E) SECURE TAX EXEMPT FINANCING OR OTHERWISE BORROW MORE THAN $10,000 UNDER TERMS WHICH PROVIDE FOR A REPAYMENT PERIOD IN EXCESS OF THREE MONTHS; (F) ENTER INTO ANY LEASES WHICH WOULD OBLIGATE THE CORPORATION TO MAKE RENTAL PAYMENTS IN EXCESS OF $10,000 PER YEAR; (G) PURCHASE INSURANCE POLICIES OTHER THAN POLICIES WHICH COMPLY WITH ANY REQUIREMENT SET FORTH IN ANY AGREEMENT ENTERED INTO BY THE CORPORATION; (H) UNDERTAKE ANY CAPITAL EXPENDITURES IN EXCESS OF $5,000 AND ANY CAPITAL EXPENDITURES INVOLVING RELATED PROJECTS WHICH, IN THE AGGREGATE, EXCEED $25,000; (I) ADOPT ANY ORIGINAL OR REVISED CAPITAL OR OPERATING BUDGETS WHICH WOULD RESULT IN ANY EXPENDITURE IN EXCESS OF $10,000 OVER ANTICIPATED REVENUE; (J) AMEND THE CORPORATION'S ARTICLES OF INCORPORATION OR THESE BYLAWS; (K) INITIATE, CEASE, OR SIGNIFICANTLY MODIFY ANY OF THE CORPORATION'S LINES OF SERVICE, PRODUCTS, OR PROGRAMS; (L) SELL, RELINQUISH, OR OTHERWISE AUTHORIZE A CHANGE IN CONTROL OF MORE THAN $50,000 OF THE ASSETS OF THE CORPORATION; (M) SELECT, REMOVE, OR REPLACE INDEPENDENT ACCOUNTANTS AND AUDITORS FOR THE CORPORATION; (N) AUTHORIZE FUNDAMENTAL CHANGES TO THE CORPORATION, INCLUDING THE ADOPTION OF A PLAN OF DISSOLUTION OF THE CORPORATION; THE ADOPTION OF A PLAN OF MERGER, CONSOLIDATION, DIVISION, CONVERSION, OR AFFILIATION WITH ANOTHER ENTITY; AND CHANGE TO THE CURRENT CORPORATION'S CORPORATE ORGANIZATIONAL STRUCTURE; (O) AUTHORIZE AND DESIGNATE OFFICERS OF THE CORPORATION TO EXECUTE A DEED OF ASSIGNMENT FOR THE BENEFIT OF CREDITORS; FILE A VOLUNTARY PETITION IN BANKRUPTCY; FILE AN ANSWER CONSENTING TO THE APPOINTMENT OF A RECEIVER; OR FILE AN ANSWER TO AN INVOLUNTARY PETITION IN BANKRUPTCY; (P) ORGANIZE OR ACQUIRE ANY SUBSIDIARY OR AFFILIATE; (Q) CHANGE THE CORPORATION'S FISCAL YEAR; (R) DETERMINE TO INDEMNIFY A REPRESENTATIVE AS PROVIDED IN SECTION 10.2 OF THESE BYLAWS; OR (S) AUTHORIZE, APPROVE, AMEND, OR TERMINATE ANY MANAGEMENT CONTRACT(S). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE CEO, CFO, AND THE BOARD OF DIRECTORS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR OR OFFICER WHO HAS AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OR A COMMITTEE FOR AUTHORIZATION, APPROVAL OR RATIFICATION SHALL MAKE A PROMPT AND FULL DISCLOSURE OF HIS OR HER INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON SUCH CONTRACT OR TRANSACTION. THE BODY TO WHICH SUCH DISCLOSURE IS MADE SHALL THEREUPON DETERMINE, BY MAJORITY VOTE, WHETHER THE DISCLOSURE SHOWS THAT A CONFLICT OF INTEREST EXISTS OR CAN REASONABLY BE CONSTRUED TO EXIST. IF A CONFLICT IS DEEMED TO EXIST, SUCH PERSON SHALL NOT VOTE ON, NOR USE HIS OR HER PERSONAL INFLUENCE ON, NOR PARTICIPATE (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) IN, THE DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO SUCH CONTRACT OR TRANSACTION. SUCH PERSON SHALL NOT BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING WHERE THE CONTRACT OR TRANSACTION IS UNDER DISCUSSION OR IS BEING VOTED UPON. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE, THE VOTE THEREON AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING AND PARTICIPATION, AND WHETHER A QUORUM WAS PRESENT. ANNUALLY, THE BOARD DISTRIBUTES A CERTIFICATION REGARDING CONFLICT OF INTEREST FORM WHICH MUST BE COMPLETED AND SIGNED BY EACH BOARD MEMBER CERTIFYING THAT ALL CONFLICTS ARE DISCLOSED AND THEY ARE FAMILIAR WITH THE ORGANIZATION'S POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS IS CHARGED WITH ANNUALLY REVIEWING THE PERFORMANCE AND ESTABLISHING COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR. THE SALARY IS INDIVIDUALLY DETERMINED BASED ON REVIEW OF AN ANNUAL SURVEY PROVIDED BY A TRADE ASSOCIATION, OR EXTERNAL CONSULTATION, TO ENSURE COMPENSATION IS COMPETITIVE AND MAINTAINED WITHIN A FAIR MARKET RANGE WITHIN THE INDUSTRY NORMS. THE COMPENSATION COMMITTEE DOCUMENTS THEIR APPROVAL IN A COMMUNICATION TO HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15B: THE ORGANIZATION DOES NOT COMPENSATE ANYONE WHO MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF THE INTEREST RATE SWAP AGREEMENT -1,001,509. GRACE INSPIRED MINISTRIES 12 LUTHERAN HOME DRIVE TELFORD PA 18969 814735423 MANAGEMENT COMPANY PA 501(C)(3) LINE 12C, III-FI N/A 0 THE COMMUNITY AT ROCKHILL 3250 STATE ROAD SELLERSVILLE PA 18960 231472520 PROVIDE HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS PA 501(C)(3) LINE 10 GRACE INSPIRED MINISTRIES 0 RM HOME SERVICES 672 MAIN STREET HARLEYSVILLE PA 19438 453739578 IN HOME CARE SERVICES TO ELDERLY INDIVIDUALS PA 501(C)(3) LINE 10 GRACE INSPIRED MINISTRIES 0 LUTHERAN COMMUNITY AT TELFORD FUND 12 LUTHERAN HOME DRIVE TELFORD PA 18969 232694179 FUNDRAISING ACTIVITIES FOR AFFILIATED NON-PROFIT ENTITY PA 501(C)(3) LINE 12A, I LUTHERAN COMMUNITY AT TELFORD INC 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 LUTHERAN COMMUNITY AT TELFORD FUND C 240000 CASH