2020-06-29T15:56:14-05:00 2019-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2018-07-01 386141735 PORTER HILLS PRESBYTERIAN VILLAGE PORT 6169494975 4450 CASCADE ROAD GRAND RAPIDS MI 49564 ALYSSA TRINKLE VICE PRESIDENT OF FINANCE 6169494975 2020-06-18 1 LISA FORT P00223532 2695674500 2020-06-17 23.122.254.12 2020-06-18 09:44:07 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 58F74DC53CB874483B207ADF23CD6921384352E9 2018 2020-09-23 17:36:50Z PORTER HILLS RETIREMENT COMMUNITIES AND SERVICES INC PORTER HILLS HEALTH CENTER STEVE FETYKO 805 W MIDDLE STREET CHELSEA MI 48118 30550902 0 X WWW.PORTERHILLS.ORG X 1970 MI ASSISTED LIVING, NURSING CARE, AND INDEPENDENT LIVING FOR THE ELDERLY 7 7 637 124 0 0 493986 218708 32402256 30088924 64 -13160 0 0 32896306 30294472 0 0 0 0 14443875 13456997 0 0 0 20238952 19952244 34682827 33409241 -1786521 -3114769 69543226 69870868 98015307 102069387 -28472081 -32198519 TO PROVIDE A CONTINUUM OF HIGH QUALITY COMMUNITIES AND SERVICES FOR OLDER ADULTS IN ACCORDANCE WITH CHRISTIAN VALUES. 0 0 23738664 30088924 ASSISTED LIVING, NURSING CARE, AND INDEPENDENT LIVING FACILITY FOR THE ELDERLY. TOTAL DAYS OF CARE IN 2018-2019 WAS 167,837. 23738664 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 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 19 0 1 637 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 1 0 MI X CRAIG VANDENBOS 6169541799 4450 CASCADE ROAD GRAND RAPIDS MI 49546 MARY WAGNER CHAIR 2.00 3.00 X X 0 0 0 JOHN NIXON III VICE CHAIR 2.00 2.00 X X 0 0 0 MICHAEL FRITZ TREASURER 2.00 2.00 X X 0 0 0 JOHN WISENTANER SECRETARY 2.00 4.00 X X 0 0 0 JOSEPH STOJAK TREASURER - PART YEAR 2.00 2.00 X X 0 0 0 MARTHA BLANDFORD SECRETARY - PART YEAR 2.00 2.00 X X 0 0 0 RICH BROWN DIRECTOR 1.00 1.00 X 0 0 0 BARBARA GOODSPEED DIRECTOR 1.00 1.00 X 0 0 0 ED SOUTHWORTH DIRECTOR 1.00 1.00 X 0 0 0 WILLIAM BOWIE DIRECTOR - PART YEAR 1.00 1.00 X 0 0 0 SHARON BUURSMA DIRECTOR - PART YEAR 1.00 2.00 X 0 0 0 ROBERT DAVERMAN DIRECTOR - PART YEAR 1.00 1.00 X 0 0 0 G JOHN HAGENBUSH DIRECTOR - PART YEAR 1.00 3.00 X 0 0 0 CYNTHIA HARVARD IMMEDIATE PAST CHAIR - PART YEAR 1.00 1.00 X 0 0 0 CAROL HUBBARD DIRECTOR - PART YEAR 1.00 1.00 X 0 0 0 PAM KIDD DIRECTOR - PART YEAR 1.00 1.00 X 0 0 0 THOMAS SMALL DIRECTOR - PART YEAR 1.00 1.00 X 0 0 0 WENDY STOCK DIRECTOR - PART YEAR 1.00 2.00 X 0 0 0 JANE TOOT DIRECTOR - PART YEAR 1.00 1.00 X 0 0 0 STEVE FETYKO CEO 2.00 48.00 X 0 234008 55675 KIM HOPPE CFO 38.00 12.00 X 204891 0 17902 LORI POTTER COO 2.00 45.00 X 0 265821 58134 NICOLE MAAG VP OF OPERATIONS 41.00 9.00 X 181505 0 44105 CRAIG VANDENBOS DIRECTOR OF FINANCE 47.00 3.00 X 145372 0 30828 CHERYL VANBEMDEN EXECUTIVE DIRECTOR 50.00 0.00 X 121182 0 13811 THOMAS CARABELLESE SALES & ADMISSIONS SPECIALIST 50.00 0.00 X 120409 0 13780 LARRY YACHCIK FORMER CEO 0.00 0.00 X 201960 0 21 975319 499829 234256 6 1 1 0 CREATIVE DINING SERVICES ONE ROYAL PARK DRIVE STE 3 ZEELAND MI 49464 FOOD SERVICE CONTRACTOR 1444512 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD STE 200 KNOXVILLE TN 37932 THERAPY 568627 WINDOW SPECIALISTS LLC 2304 RILEY ST HUDSONVILLE MI 49426 CONSTRUCTION 376825 OMNICARE INC DEPT 781668 PO BOX 78000 DETROIT MI 482781668 PHARMACY SERVICES 199180 IMAGE FIRST PO BOX 61323 KING OF PRUSSIA PA 19406 LAUNDRY SERVICES 185416 9 218708 218708 NET SERVICE REVENUE 623990 17457434 17457434 OTHER PROGRAM REVENUE 623990 6437983 6437983 MAINTENANCE FEES 900099 3473888 3473888 LIFE LEASE INCOME 623990 2719619 2719619 30088924 705 705 242565 256430 -13865 -13865 -13865 30294472 30088924 0 -13160 X 596402 596402 10409674 7801819 2607855 183659 87278 96381 1151405 849076 302329 1115857 921578 194279 401934 401934 13998 13998 81939 81939 3607262 2124959 1482303 203272 203272 2972397 421265 2551132 261681 685 260996 2076084 1960384 115700 87500 36278 51222 134551 104592 29959 2256753 2256753 4646172 4439839 206333 256761 180285 76476 RESIDENT CARE 1028487 966640 61847 DUES AND SUBSCRIPTIONS 753801 703450 50351 REPAIRS & MAINTENANCE 277347 226739 50608 BAD DEBT EXPENSE 223728 223728 668577 433316 235261 33409241 23738664 9670577 0 0 419459 1771162 1402423 573444 660864 144975 13910 131764699 78205717 54984064 53558982 3226840 4713563 8842741 9101667 69543226 69870868 3383027 3392619 17111634 17049880 49771948 50875422 1000000 908240 26748698 29843226 98015307 102069387 X -28472081 -32198519 -28472081 -32198519 69543226 69870868 X -3114769 -611669 X X 0 1 X 1 0 X 953035 692027 493986 218708 2357756 36503865 34042480 34372943 32402256 30088924 167410468 37456900 34734507 34372943 32896242 30307632 169768224 0 0 0 169768224 255454 21854 11557 64 705 289634 255454 21854 11557 64 705 289634 37712354 34756361 34384500 32896306 30308337 170057858 0.99830 0.98500 0.00170 0.00360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8381669 2357979 277425 564697 10452376 8905989 341566 338130 1000000 204016 8381669 10927354 654677 324737 1000000 2000779 8905989 10639293 2152261 113300 1977500 10927354 12890504 316860 2568071 10639293 0.95690 0.04310 0 1 1 5344408 5344408 90087919 49353058 40734861 2954839 2619692 335147 31051837 26232967 4818870 2325696 2325696 53558982 DUE FROM AFFILIATES 6055171 OTHER NON-CURRENT ASSETS 3046496 9101667 REFUNDABLE ADVANCES ON LIFE LEASES 27000232 FAIR VALUE INTEREST RATE SWAP AGREEMENTS 2247726 ESTIMATED THIRD-PARTY PAYOR SETTLEMENTS 262600 OTHER LONG TERM LIABILITIES 34812 DUE TO AFFILIATES 297856 29843226 PART V, LINE 4: THESE FUNDS ARE USED TO SUPPORT BENEVOLENT CASES IN PORTER HILLS. X X X X 1 0 0 0 0 0 0 1 0 STEVE FETYKO CEO 0 234008 0 0 0 0 0 30433 0 25242 0 289683 0 0 KIM HOPPE CFO 153159 0 51732 0 0 0 8196 0 9706 0 222793 0 0 0 LORI POTTER COO 0 254302 0 0 0 11519 0 30393 0 27741 0 323955 0 0 NICOLE MAAG VP OF OPERATIONS 131933 0 49572 0 0 0 7260 0 36845 0 225610 0 0 0 CRAIG VANDENBOS DIRECTOR OF FINANCE 125362 0 20010 0 0 0 5815 0 25013 0 176200 0 0 0 LARRY YACHCIK FORMER CEO 0 0 0 0 201960 0 0 0 21 0 201981 0 0 0 PART I, LINE 4A LARRY YACHCIK RECEIVED SEVERANCE PAYMENTS TOTALING $160,854 DURING THE 2018 CALENDAR YEAR. PART I, LINE 7 PART OF THE COMPENSATION IS VARIABLE AND AT THE DISCRETION OF THE BOARD OF DIRECTORS A THE ECONOMIC DEVELOPMENT CORPORATION OF THE CHARTER TOWNSHIP OF GRAND RAPID 386005448 2013-11-05 34285043 SEE PART VI 0 0 0 B MICHIGAN STRATEGIC FUND 521417332 2013-11-05 17574957 SEE PART VI 0 0 0 C THE ECONOMIC DEVELOPMENT CORPORATION OF THE CHARTER TOWNSHIP OF GRAND RAPID 386005448 2014-06-27 10000000 SEE PART VI 0 0 0 A 34285043 236146 34285043 2014 1 0 1 1 B 17574957 120854 17574957 2014 1 0 1 1 C 10000000 10000000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 0 0 0 0 A 0 B 0 C 0 SCHEDULE K, PART I, LINE A, COLUMN F: REFINANCE INTERIM TAXABLE FACILITY WHICH CLOSED ON 09/30/2013, THE PROCEEDS OF WHICH FINANCED THE OPTIONAL REDEMPTION OF REFUNDED BONDS WITH THE LAST CALL DATE OF 11/01/2013. SCHEDULE K, PART I, LINE B, COLUMN F: REFINANCE INTERIM TAXABLE FACILITY WHICH CLOSED ON 09/30/2013, THE PROCEEDS OF WHICH FINANCED THE OPTIONAL REDEMPTION OF REFUNDED BONDS WITH THE LAST CALL DATE OF 11/01/2013. SCHEDULE K, PART I, LINE C, COLUMN F: THE PROCEEDS FINANCED THE PARTIAL OPTIONAL REDEMPTION OF THE BONDS DESCRIBED IN LINE "A" ABOVE AND PROVIDED ADDITIONAL FUNDING FOR THE PURCHASE OF PROPERTY AND EQUIPMENT. SCHEDULE K, PART II, LINE 7, COLUMN C: NONE OF THE BOND PROCEEDS WERE USED TO PAY FOR THE BOND ISSUANCE COST. FORM 990, PART I, ITEM C DBA: PORTER HILLS RETIREMENT COMMUNITIES AND SERVICES, INC. PORTER HILLS HEALTH CENTER. DBA: COOK VALLEY ESTATES PORTER HILLS RETIREMENT COMMUNITY & SERVICES. DBA: VALLEY HEALTH CENTER FORM 990, PART VI, SECTION A, LINE 4 PORTER HILLS PRESBYTERIAN VILLAGE AMENDED ITS GOVERNING DOCUMENTS DURING FISCAL YEAR 2019 TO INCLUDE THE FOLLOWING CHANGES: 1. CERTAIN ACTIONS OF THE BOARD NOW REQUIRE THE JOINT CONSENT OF THE UMRC BOARD 2. SET THE NUMBER OF BOARD MEMBERS AT EXACTLY 9 (INCLUDING TWO NONVOTING MEMBERS) 3. ADD JOINT UMRC/PHPV BOARD COMMITTEES, INCLUDING THE QUALITY, ETHICS AND COMPLIANCE COMMITTEE AND THE FINANCE AND AUDIT COMMITTEE 4. ADD A CEO OFFICER POSITION TO THE BOARD 5. THE AMENDED BYLAWS NOW CONTAINS A CONFLICT OF INTEREST POLICY 6. UPON DISSOLUTION AND ABSENT JOINT ACTION TO THE CONTRARY, PHPV'S REMAINING ASSETS SHALL BE DISTRIBUTED TO THE STOCKHOLDER (CURRENTLY UMRC) IF THE STOCKHOLDER IS A SECTION 501(C)(3) ORGANIZATION. 7. THE BYLAWS MAY BE AMENDED (1) BY 2/3 VOTE OF THE DIRECTORS PRESENT AT MEETINGS OF THE BOARD AND UMRC BOARD, OR (2) BY UNANIMOUS WRITTEN CONSENT OF ALL DIRECTORS OF THE BOARD AND THE UMRC BOARD. 8. THE EXECUTIVE COMMITTEE IS RENAMED "EXECUTIVE AND STRATEGY COMMITTEE," ITS COMPOSITION CHANGED SLIGHTLY AND INCLUDES THE CEO, AND ACTION TAKEN BY THIS COMMITTEE REQUIRES THE AFFIRMATIVE VOTE OF THREE-QUARTERS OF THE MEMBERS PRESENT (RATHER THAN A MAJORITY). FORM 990, PART VI, SECTION A, LINE 6 WESTMINSTER PRESBYTERIAN CHURCH WAS THE SOLE MEMBER OF PORTER HILLS PRESBYTERIAN VILLAGE UNTIL MARCH 1, 2019. AS OF MARCH 1, UNITED METHODIST RETIREMENT COMMUNITIES, INC. WAS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A WESTMINSTER PRESBYTERIAN CHURCH COULD ELECT ALL BOARD MEMBERS TO PORTER HILLS PRESBYTERIAN VILLAGE THROUGH MARCH 1, 2019. DURING THE FIRST 5 YEARS BEGINNING ON MARCH 1, 2019, PORTER HILLS PRESBYTERIAN VILLAGE WILL ELECT 2 BOARD MEMBERS, UNITED METHODIST RETIREMENT COMMUNITIES WILL ELECT 4 BOARD MEMBERS, AND WESTMINSTER PRESBYTERIAN CHURCH WILL ELECT 1 BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 7B AS THE SOLE MEMBER OF THE CORPORATION, APPROVAL BY THE UNITED METHODIST RETIREMENT COMMUNITIES, INC. BOARD IS REQUIRED TO TAKE THE FOLLOWING ACTIONS: (A) AMEND THE CORPORATION'S ARTICLES OF INCORPORATION OR BYLAWS; (B) ADOPT AN AGREEMENT OF MERGER OR CONSOLIDATION OF THE CORPORATION; (C) SELL, LEASE, TRANSFER, OR EXCHANGE OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY OR ASSETS OF MAJOR BUSINESS LINES OF THE CORPORATION OR ANY SUBSTANTIAL ASSETS OF THE CORPORATION; (D) APPROVE ANNUAL OPERATING AND CAPITAL BUDGETS OF THE CORPORATION; (E) DISSOLVE OR REVOKE A PLAN TO DISSOLVE THE CORPORATION; (F) ACQUIRE REAL ESTATE, OR ACQUIRE OWNERSHIP OR CONTROL OF EXISTING SERVICE AGENCIES OR PROGRAMS; (G) EXPAND THE CORPORATION'S BUSINESS BEYOND ITS ORIGINAL SERVICE AREA; OR (H) INCUR DEBT IN AN AMOUNT ABOVE $500,000 IN THE AGGREGATE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY PLANTE & MORAN AND REVIEWED BY THE CFO AND THE VP OF FINANCE, BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE WHETHER OR NOT THEY HAVE ANY INTEREST THAT MAY RESULT IN A CONFLICT. THE FORM WHICH THEY SIGN REQUIRES THEM TO PROMPTLY REPORT ANY POSSIBLE EXSISTENCE OF A CONFLICT OF INTEREST FOR THEMSELVES OR ANYONE ELSE SUBJECT TO THE POLICY. IF A POSSIBLE CONFLICT WAS REPORTED ON THE ANNUAL FORM OR IF NOTICE WAS GIVEN AFTER THE ANNUAL DISCLOSURE, THE INFORMATION DISCLOSED WOULD BE EVALUATED AND IF NECESSARY, COMPLIANCE WOULD BE ENFORCED. FORM 990, PART VI, SECTION B, LINE 15B FOR EXECUTIVE COMPENSATION A MINIMUM OF THREE SOURCES ARE USED. EACH SOURCE IS A THIRD PARTY ORGANIZATION SPECIALIZING IN COMPENSATION IN THE WEST MICHIGAN AREA. THIS INFORMATION IS THEN COMPILED BY THE HR DEPARTMENT AND USED TO MAKE A RECOMMENDATION ON THE APPROPRIATE SALARY FOR EACH PERSON. THE RECOMMENDATION IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS. THE CEO OF THE ORGANIZATION WAS COMPENSATED BY A RELATED ORGANIZATION. CONSEQUENTLY, PART VI, LINE 15A HAS BEEN ANSWERED "NO". THE RELATED ORGANIZATION USED THE SAME PROCESS OUTLINED ABOVE TO DETERMINE THE COMPENSATION FOR THE CEO OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIALS AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 2,124,959. MANAGEMENT AND GENERAL EXPENSES 1,482,303. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,607,262. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -1,161,485. UNREALIZED GAIN ON JOINT VENTURES 549,816. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED. PORTER HILLS FOUNDATION 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383243846 SUPPORTING ORGANIZATION WITH PUBLIC CHARITY STATUS MI 501(C)(3) LINE 7 PORTER HILLS PRESBYTERIAN VILLAGE 1 MEADOWLARK RETIREMENT HOME 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383373281 RETIREMENT COMMUNITY MI 501(C)(3) LINE 10 PORTER HILLS PRESBYTERIAN VILLAGE 1 WALKER MEADOW RETIREMENT COMMUNITY INC 1101 WILSON AVE WALKER MI 49534 383283760 RETIREMENT COMMUNITY MI 501(C)(3) LINE 7 PORTER HILLS PRESBYTERIAN VILLAGE 1 SENORA WOODS RETIREMENT COMMUNITY INC 3781 GIDDINGS AVE GRAND RAPIDS MI 49508 383382610 RETIREMENT COMMUNITY MI 501(C)(3) LINE 7 PORTER HILLS PRESBYTERIAN VILLAGE 1 SPARTA RETIREMENT COMMUNITY INC 100 IDA ROAD SPARTA MI 49345 383445251 RETIREMENT COMMUNITY MI 501(C)(3) LINE 7 PORTER HILLS PRESBYTERIAN VILLAGE 1 RIVER GROVE RETIREMENT COMMUNITY INC 5761 JUPITER AVE BELMONT MI 49306 383519530 RETIREMENT COMMUNITY MI 501(C)(3) LINE 7 PORTER HILLS PRESBYTERIAN VILLAGE 1 BAILEYS GROVE RETIREMENT COMMUNITY INC 5252 BAILEYS CENTER DRIVE SE KENTWOOD MI 49512 383643825 RETIREMENT COMMUNITY MI 501(C)(3) LINE 7 PORTER HILLS PRESBYTERIAN VILLAGE 1 STATION CREEK RETIREMENT COMMUNITY 10010 CROSSROAD COURT SE CALEDONIA MI 49316 200771871 RETIREMENT COMMUNITY MI 501(C)(3) LINE 7 PORTER HILLS PRESBYTERIAN VILLAGE 1 LIFE CIRCLES 560 SEMINOLE ROAD MUSKEGON MI 49444 260170498 PACE PROGRAM MI 501(C)(3) LINE 10 PORTER HILLS PRESBYTERIAN VILLAGE 1 PORTER HILLS HOME HEALTH EAST 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383358620 PRIVATE DUTY AND TRANSPORTATION COMPANY MI 501(C)(3) LINE 10 PORTER HILLS PRESBYTERIAN VILLAGE 1 PORTER HILLS AT HOME 4450 CASCADE ROAD GRAND RAPIDS MI 49546 453469541 HOME CARE MI 501(C)(3) LINE 10 PORTER HILLS PRESBYTERIAN VILLAGE 1 PORTER HILLS HOME HEALTH WEST 4450 CASCADE ROAD SE STE 200 GRAND RAPIDS MI 49546 383384372 CERTIFIED HOME HEALTH MI 501(C)(3) LINE 10 PORTER HILLS PRESBYTERIAN VILLAGE 1 WESTMINSTER PRESBYTERIAN CHURCH 47 JEFFERSON AVE SE GRAND RAPIDS MI 49503 381415419 CHURCH MI 501(C)(3) LINE 1 N/A 0 UNITED METHODIST RETIREMENT COMMUNITIES INC 805 W MIDDLE ST CHELSEA MI 48118 381366908 RETIREMENT COMMUNITY MI 501(C)(3) LINE 10 N/A 0 UMRC FOUNDATION 805 W MIDDLE ST CHELSEA MI 48118 383443089 SUPPORTING ORGANIZATION WITH PUBLIC CHARITY STATUS MI 501(C)(3) LINE 7 UNITED METHODIST RETIREMENT COMMUNITIES INC 1 THE WASHTENAW PACE INC 2940 ELLSWORTH ROAD YPSILANTI MI 48197 275067787 PACE PROGRAM MI 501(C)(3) LINE 10 UNITED METHODIST RETIREMENT COMMUNITIES INC 1 THE CASCADE PACE INC 2282 SPRINGPORT ROAD JACKSON MI 49202 465362872 PACE PROGRAM MI 501(C)(3) LINE 10 UNITED METHODIST RETIREMENT COMMUNITIES INC 1 SYLVAN PINES LDHA LLC 325 WILKINSON ST CHELSEA MI 48118 383431255 SR HOUSING MI N/A DETROIT AFFORDABLE ASSISTED LIVING 805 W MIDDLE ST CHELSEA MI 48118 274332152 SR HOUSING MI N/A UMRC DETROIT AAL INC 805 W MIDDLE ST CHELSEA MI 48118 274331985 GEN PARTNER MI N/A C 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 LIFE CIRCLES L 350000 ALLOCATION OF COST MEADOWLARK RETIREMENT HOME L 273023 ALLOCATION OF COST PORTER HILLS FOUNDATION L 67860 ALLOCATION OF COST PORTER HILLS AT HOME HEALTH WEST L 432954 ALLOCATION OF COST