2020-11-10T11:30:34-06:00 2019-12-31 350921680 CROWE LLP 135 N Pennsylvania Street Suite 200 Indianapolis IN 46204 990 2019-01-01 351393773 Retirement Living Inc RETI 3178759700 8140 Township Line Road Indianapolis IN 46260 Barrett Way Executive Director 2020-11-10 true Kim Scifres P01316095 3176321100 2019 2021-01-29 14:40:06Z Marquette Steven Still 8140 Township Line Road Indianapolis IN 46260 50380484 false X www.marquetteseniorliving.com X 1979 IN RETIREMENT LIVING, INC. IS A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY, PROVIDING SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORING THEIR DIGNITY AND INDEPENDENCE. 13 13 447 220 0 0 180000 178452 30913333 31248373 765057 835086 62275 74428 31920665 32336339 398117 345988 0 0 16006582 16367658 0 0 0 16150139 16856164 32554838 33569810 -634173 -1233471 117392061 130459259 101309843 111360188 16082218 19099071 X As a continuing care retirement community, the role of Retirement Living, Inc. is to provide a high quality continuum of care by serving the housing and human development needs of our residents. (continued in schedule O) false false 12714612 324573 9084444 HEALTH CARE CENTER: RETIREMENT LIVING, INC. HAS 96 LICENSED BEDS IN THE HEALTH CARE CENTER. THE ORGANIZATION PROVIDES PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND AN ACTIVITY PROGRAM TO MEET THE NEEDS OF THE RESIDENTS. THE HEALTH CARE CENTER ALSO FEATURES SKILLED AND COMPREHENSIVE CARE, 24-HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. RETIREMENT LIVING, INC. PROVIDES THE BENEFIT OF BENEVOLENT CARE TO ITS RESIDENTS, IN WHICH THE ORGANIZATION WILL SUBSIDIZE THE COST OF CARE FOR THE REMAINDER OF THE RESIDENT'S LIFE SHOULD A RESIDENT OUTLIVE THEIR FINANCIAL RESOURCES. IN 2019, THE RESIDENCE FEES ASSISTANCE PROVIDED TO RESIDENTS WAS $324,573. 11325652 0 17808198 INDEPENDENT LIVING: RETIREMENT LIVING, INC. HAS 262 APARTMENTS AND 44 COTTAGES. THE ORGANIZATION PROVIDES MEALS 7 DAYS A WEEK, HOUSEKEEPING SERVICES TWICE A MONTH, AND MAINTENANCE AS NEEDED. THE ORGANIZATION ALSO PROVIDES SECURITY 24 HOURS A DAY. RETIREMENT LIVING, INC. HAS ACTIVITY PROGRAMS AS WELL AS OPPORTUNITIES FOR THE RESIDENTS TO VOLUNTEER IN THE HEALTH CARE CENTER, ASSISTED LIVING UNITS, ASSISTED LIVING FOR DEMENTIA, AND THE GIFT SHOP. 4781106 0 4415382 ASSISTED LIVING: RETIREMENT LIVING, INC. HAS 48 ASSISTED LIVING UNITS. THE ORGANIZATION PROVIDES THREE MEALS A DAY, PLUS SNACKS TO THE RESIDENTS IN THE ASSISTED LIVING UNITS. THE ORGANIZATION ALSO PROVIDES ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. IN ADDITION, THE ORGANIZATION OPERATES A 13 BED ASSISTED LIVING UNIT THAT PROVIDES SERVICES TO INDIVIDUALS WITH DEMENTIA. THIS UNIT OFFERS THE SAME AMENITIES AS THE OTHER ASSISTED LIVING UNITS, INCLUDING ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. 21415 21415 0 RETIREMENT LIVING, INC. PROVIDES SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORS THEIR DIGNITY AND INDEPENDENCE. THE ORGANIZATION ALSO SUPPORTS SENIORS IN THE COMMUNITY BY SUPPORTING ORGANIZATIONS THAT PROVIDE SERVICES TO SENIORS. IN 2019, THE ORGANIZATION GAVE $21,415 IN GRANTS TO ORGANIZATIONS TO SUPPORT LOCAL SENIORS. 21415 21415 28842785 true true false false false false false false false true true false false true true true false false false false false false false false false false true true true true false false false false false false false false false false false false false false false false false false false true 96 0 true 447 true false false false false false false false false false false false false X 13 13 false true false false false false false true true false false true true true true true true false false false IN X Steven Still 3175246530 8140 TOWNSHIP LINE ROAD Indianapolis IN 46260 David Mallon Secretary 1.0 X X 7100 0 0 Joe Ivcevich Treasurer 1.0 X X 4800 0 0 Kathy A Clark Vice President 1.0 X X 6100 0 0 Michael Corr President 1.0 X X 6600 0 0 Dave Jongleux Director 1.0 X 4400 0 0 Duane Etienne Director 1.0 X 6000 0 0 Jeffrey T Meltzer MD Director 1.0 X 4500 0 0 Karen Gentleman Director 1.0 X 0 0 0 Keith DeTrude Director 1.0 X 6000 0 0 Marianne Price Director 1.0 X 5800 0 0 Patricia Radlick Director 1.0 X 5200 0 0 Peter Gundy Director 1.0 X 3800 0 0 Tamara Zahn Director 1.0 X 7800 0 0 Jeffrey Cox Jr Health Care Administrator 40.0 X 0 0 0 Steven Still Executive Director 40.0 X 0 0 0 Brandice Shrader Senior Sales Conselor 40.0 X 136437 0 8186 Jonathan M Back Director of Nursing 40.0 X 106743 0 0 Michael Hebenstreit Food and Beverage Director 40.0 X 101833 0 26402 Sara Green Director of Marketing 40.0 X 134369 0 30492 547482 0 65080 4 false true false Rehabcare Group East 7733 Forsyth Blvd Ste 2300 St Louis MO 63105 Therapy 1269200 Life Care Services LLC 400 Locust Street Des Moines IA 50309 Management Company 1261586 Michael Bedwell Contracting 1180 N 600 W Greenfield IN 46140 Construction 727985 West Floor Coverings 2108 Sweet Cherry Meadows Lebanon IN 46052 Flooring Construction 183132 Johnson County Cabinets 1324 Yellow Stone Circle Franklin IN 46131 Cabinets Construction 126081 6 178452 178452 HEALTH CARE CENTER 623990 9064560 9064560 APARTMENTS 623990 11450500 11450500 RESIDENCE FEES 623990 6337814 6337814 ASSISTED LIVING 623990 3380971 3380971 ASSISTED LIVING - DEMENTIA 623210 1014528 1014528 0 0 0 0 31248373 745681 745681 86724 86724 0 0 18023981 18021300 2681 0 2681 2681 25038 22845 2193 2193 LOUNGE INCOME 900099 44621 44621 MISCELLANEOUS 900099 15030 15030 VENDING INCOME 900099 12584 12584 0 0 0 0 72235 32336339 31308024 0 849863 21415 21415 324573 324573 62100 62100 13275937 11992080 1283857 83262 64630 18632 1989362 1603468 385894 956997 807407 149590 799022 799022 109409 109409 95647 95647 151980 151980 449295 208892 240403 0 191124 191124 327794 327794 1944949 1873028 71921 277913 8707 269206 2686234 2686234 5245021 5245021 162719 162719 FOOD 2155879 2155879 SUPPLIES 913031 876872 36159 UNIFORMS 381719 381719 Activities 123112 123112 841316 407648 433668 0 33569810 28842785 4727025 0 198 200 18982755 19787690 1502037 1523905 0 0 0 0 147875 159545 204709 260597 154541534 77408851 70005843 77132683 16075568 20115515 10473076 11479124 0 0 0 117392061 130459259 1823499 6605911 33289780 33493023 54999671 58345653 0 0 11196893 12915601 101309843 111360188 X 16082218 19099071 16082218 19099071 117392061 130459259 -1233471 4250324 0 X false true X true false X 180267 180580 198700 180000 178452 917999 29426776 30778140 31084035 30913333 31248373 153450657 24192 22217 20481 30840 37622 135352 0 0 29631235 30980937 31303216 31124173 31464447 154504008 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 154504008 808968 609455 508707 669944 832405 3429479 0 808968 609455 508707 669944 832405 3429479 0 31507 54897 48853 47998 59651 242906 30471710 31645289 31860776 31842115 32356503 158176393 0.9768 0.9792 0.0217 0.0193 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 31507.0, COLUMN B - 54897.0, COLUMN C - 48853.0, COLUMN D - 47998.0, COLUMN E - 59651.0, COLUMN F - 242906.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 557248 557248 125570901 64170442 61400459 9305215 5338762 3966453 9851337 7899647 1951690 9256833 0 9256833 77132683 FUND OF FUNDS CORPORATE DEBT SECURITIES 5327485 F GOVERNMENT OBLIGATIONS 6151639 F 11479124 REFUNDABLE RESIDENCE FEES 12345264 ADVANCE DEPOSITS 570337 12915601 X 36105383 4250324 0 4250324 31855059 151980 329300 481280 32336339 33088530 0 0 33088530 151980 329300 481280 33569810 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Community is a not-for-profit corporation as described in Section 501(c)(3) of the U.S. Internal Revenue Code (Code) and is exempt from federal and state income taxes on related income pursuant to Section 501(a) of the code. A tax position is recognized as a benefit only if it is more likely than not that the tax position would be sustained in a tax examinations, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. The community does not expect the total amount of unrecognized tax benefits to significantly change n the next 12 months. The Community recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Community has no amounts accrued for interest or penalties as of December 31, 2019 and 2018. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Assistance to individuals - 324573 reclassification of expenses booked to revenue - 4727 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Assistance to individuals - 324573 Reclassification of expenses booked to revenue - 4727 true Salvation Army 3100 North Meridian Street Indianapolis IN 46208 350868167 501(c)(3) 0 1665 Book Clothing Program Support Second Helpings Inc 1121 Southeastern Ave Indianapolis IN 46202 351484281 501(c)(3) 0 19600 BOOK Meals Program Support Friends of Indianapolis Animal Care & Control Foundation Inc 7399 N Shadeland Ave Indianapolis IN 46250 320099654 501(c)(3) 0 150 Book Supplies Program Support 3 0 Resident Fee Assistance 4 324573 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Retirement Living, Inc. provided clothing to Salvation Army. Because no cash was exchanged, there are no procedures for the monitoring of the grant funds. Retirement Living, Inc. provides meals to the clients of Second Helpings. Because no cash was exchanged, there are no procedures for the monitoring of the grant funds. Retirement Living, Inc. provided supplies to Indianapolis Animal Care & Control. Because no cash was exchanged, there are no procedures for the monitoring of the grant funds. X X X X X false false false false false false false false false Sara Green Director of Marketing 84877 0 49354 0 138 0 4237 0 26255 0 164861 0 0 0 A INDIANA FINANCE AUTHORITY 351602316 4550576Y0 2012-06-26 35560979 SEE PART IV false false false B Indiana Finance Authority 351602316 45506DRA5 2015-04-21 27767688 See Part IV false false false C Indiana Finance Authority 351602316 000000000 2017-12-28 17000000 See Part IV false false false A 7926445 0 35611935 2455331 0 0 711220 0 0 3500000 28945384 0 2012 true false true true B 5143504 0 27844072 1658550 0 0 513900 0 0 0 25595238 0 2015 true false true true C 0 0 8064776 0 159896 0 271000 0 0 7635180 0 2021 false false false true A false false true true false 0.0 false false true B false false true true false 0.0 false false true C false false false false 0.0 false false true A false false true false false false false false true B false true false false false false false false true C false true false false true false false false true A true B true C true Schedule K, Part I, Column (f) Description of Purpose Indiana Finance Authority Revenue Bonds, Series 2012 (Marquette Project) - Current Refunding / reissuance of prior issues dated 10/28/1998, 4/9/2009 and 12/1/2010 and to renovate and equip facility. Schedule K, Part I, Column (f) Description of Purpose Current Refund Indiana Finance Authority Revenue Bonds (Marquette Project) series 2010, originally issued on 12/1/10 and reissued on 6/26/12, currently refund Indiana Finance Authority Revenue Bonds, Series 2012 (Marquette Project) originally issued on June 26, 2012. The purpose was to currently refund $23,390,000 of the Indiana Finance Authority refunding revenue bonds-series 2010 and refund $2,205,000 of the Indiana finance authority revenue bonds-series 2012-bonds maturing on march 1, 2024 and pay certain costs of issuance. Schedule K, Part I, Column (f) Description of Purpose Indiana Finance Authority Revenue Bonds, Series 2017 - Funding of the comprehensive renovation of the assisted living pavilion and healthcare center. Additional renovations of all common areas and the therapy gym. Schedule K, Part II, Line 3 Difference between Part I, column E and Part II, line 3 The difference between series 2017 issue price in part I, column E and total proceeds of issue in part II, line 3 is due to the final allocation not being made in 2018. Form 990, Part III, Line 4d Description of other program services (Expenses $ 21,415 including grants of $ 21,415)(Revenue $ 0) RETIREMENT LIVING, INC. PROVIDES SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORS THEIR DIGNITY AND INDEPENDENCE. THE ORGANIZATION ALSO SUPPORTS SENIORS IN THE COMMUNITY BY SUPPORTING ORGANIZATIONS THAT PROVIDE SERVICES TO SENIORS. IN 2019, THE ORGANIZATION GAVE $21,415 IN GRANTS TO ORGANIZATIONS TO SUPPORT LOCAL SENIORS. Form 990, Part VI, Line 15a Process to determine Compensation The Executive Director is not an employee of Retirement Living, the board negotiates and approves the contracted salary amount paid to Retirement Living for the Executive Directors services. The Management company does perform a compensation survey. The decisions are documented in the board minutes. This process was last undertaken in March 2019. Form 990, Part VI, Line 15b Process to determine Compensation The Health Center Administrator is not an employee of Retirement Living. The Board of Directors participates in the annual review of regarding compensation. The compensation is determined by the management company using a compensation survey. The decisions are documented in the board minutes. This process was last undertaken in March 2019. Form 990, Part VI, Line 1a Delegate broad authority to a committee There shall be an Executive Committee of the Corporation, which shall consist of the directors holding the offices of President, Vice President, Secretary, Treasurer and such other directors as may be appointed by the President. The President shall preside over the proceedings of the Executive Committee. During intervals between meetings of the Board of Directors, the Executive Committee may exercise the authority of the Board of Directors, provided, however, that the Executive Committee shall not have the authority to: amend or restate the Corporation's Articles of Incorporation; adopt a plan of merger or plan of consolidation with another organization; authorize the sale, lease exchange or mortgage of all or substantially all of the property and assets of the Corporation; authorize the voluntary dissolution of the Corporation; or act in a manner otherwise prohibited by the Act or other law. The Executive Committee shall cause minutes of its proceedings to be kept and filed with the minutes of the proceedings of the Board of Directors. Form 990, Part VI, Line 3 Delegation of management duties RETIREMENT LIVING INC. IS MANAGED BY LIFE CARE SERVICES, LLC. AN UNRELATED ORGANIZATION, LIFE CARE SERVICES LLC PAYS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ADMINISTRATOR. THE DUTIES PERFORMED BY THESE INDIVIDUALS INCLUDE HIRING, FIRING, SUPERVISING PERSONNEL, AND OVERALL MANAGEMENT OF RETIREMENT LIVING, INC Form 990, Part VI, Line 11b Review of form 990 by governing body The form 990 is reviewed in detail by the entire Finance Committee. After any questions/changes are addressed, the final draft of the form 990 is distributed via email to the board of directors. It is then filed electronically with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Retirement Living, Inc. has three conflict of interest policies written specifically for the board, department directors, and administrative officers. All officers and board members sign the appropriate conflict of interest policy annually, disclosing any conflicts that are known to exist. Form 990, Part VI, Line 19 Required documents available to the public The organization's conflict of interest policy, financial statements, and governing documents are available to the public upon request.