2020-10-30T16:12:25-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2019-01-01 830344521 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY WHIT 2154028500 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 WILLIAM MCCORMICK CFO 2154028500 2020-10-28 1 BERNADETTE O'TOOLE CPA P00229258 2156433900 2020-10-28 67.137.57.251 2020-10-28 14:36:52 ED P 42989437972E07AFCE779197E4DA68CA6AF31F45 78B1C3CF6531125402225BB014BF72390653F65A 2019 2021-01-29 14:40:06Z JUDITH MCGRUTHER 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 153955868 0 X WWW.THEHILLATWHITEMARSH.ORG X 2001 PA TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE SERVICES TO SENIOR CITIZENS IN OUR COMMUNITIES 16 15 378 100 0 0 498747 1482188 34061874 34998318 233091 569978 327478 390466 35121190 37440950 0 0 0 0 12116321 13213376 0 0 0 25446311 26122586 37562632 39335962 -2441442 -1895012 240398481 246145474 294559860 302583345 -54161379 -56437871 TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE SERVICES TO SENIOR CITIZENS IN OUR SURROUNDING COMMUNITIES TO ALLOW OUR RESIDENTS TO LIVE AS INDEPENDENT A LIFESTYLE AS POSSIBLE WITH DIGNITY AND COMPASSION. 0 0 35169984 0 34998318 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY OWNS AND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE, DINING, WELLNESS AND RELATED SERVICES AND AMENITIES TO SERVE ITS 65 AND OLDER SENIOR RESIDENTS. THE COMMUNITY IS COMPRISED OF 179 APARTMENT RESIDENCES, 86 ATTACHED AND DETACHED SINGLE FAMILY HOMES, 60 SKILLED NURSING ROOMS AND 28 ASSISTED LIVING SUITES IN THE HEALTH CENTER AND DINING AND WELLNESS FACILITIES LOCATED ON 96 ACRES IN WHITEMARSH TOWNSHIP, PENNSYLVANIA. AS OF DECEMBER 31, 2019, 234 OF THE RESIDENCES WERE OCCUPIED. 35169984 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 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 0 0 0 0 1 75 0 378 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X WILLIAM MCCORMICK CFO 2154028720 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 NEIL LUBARSKY CHAIRMAN 2.00 X X 0 0 0 BRUCE WILSON VICE CHAIRMAN 1.00 X X 0 0 0 HENRY CROUTER TREASURER 1.00 X X 0 0 0 HUGH MOULTON SECRETARY 1.00 X X 0 0 0 RICHARD 'DICK' JONES DIRECTOR 0.50 X 0 0 0 PETER RYAN DIRECTOR 0.50 X 0 0 0 WILLIAM MARAZZO DIRECTOR 0.50 X 0 0 0 JOHN BINSWANGER DIRECTOR 0.50 X 0 0 0 MICHAEL CRISCUOLO DIRECTOR 0.50 X 0 0 0 EDITH DIXON DIRECTOR 0.50 X 0 0 0 SUSAN PARK DIRECTOR 0.50 X 0 0 0 DEBRA ROBERTS DIRECTOR 0.50 X 0 0 0 FRANK REED DIRECTOR 0.50 X 0 0 0 NORMAN WILDE DIRECTOR 0.50 X 0 0 0 BRUCE FICKEN DIRECTOR 0.50 X 0 0 0 JUDITH MCGRUTHER CHIEF EXECUTIVE OFFICER 40.00 X X 440431 0 15793 PETER FLEMING CHIEF OPERATING OFFICER 40.00 X 288913 0 16730 WILLIAM MCCORMICK CHIEF FINANCIAL OFFICER 40.00 X 271825 0 13921 SUSAN MCMENAMIN CHIEF HUMAN RESOURCE OFFICER 40.00 X 150797 0 11871 CHRISTINE DWYER MARKETING DIRECTOR 40.00 X 252150 0 12290 SVITLANA BONDARCHUK RN 40.00 X 150619 0 17611 AMY SNYDER HEALTHCARE ADMINISTRATOR 40.00 X 123267 0 7662 MARK TORO DIRECTOR OF FACILITIES 40.00 X 119535 0 7818 SUSAN PARK DIRECTOR OF NURSING 40.00 X 112040 0 13136 1909577 0 116832 14 0 1 0 FINISHING EDGE INC 123 WEAVER ROAD ZIONSVILLE PA 18092 GENERAL CONTRACTOR 1477168 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD SUITE 200 KNOXVILLE TN 37932 THERAPY PROVIDER 1221844 SENIOR HEALTH VENTURES LLC 1 RAYMOND DRIVE BLDG 1 SUITE 5 HAVERTOWN PA 19083 HOME CARE COMPANION 1196763 CCS BUILDING GROUP 100 WILLOW VALLEY LAKES DRIVE WILLOW STREET PA 17584 GENERAL CONTRACTOR 1139812 CTN SOLUTIONS 610 SENTRY PARKWAY SUITE 110 BLUE BELL PA 19422 INFORMATION TECHNOLOGY CONSULTANTS 739269 35 1482188 1482188 RESIDENT CARE FEES 623000 29165619 29165619 AMORT OF DEFERRED ENTRANCE FEES 623000 3825186 3825186 ANCILLARY HEALTH CENTER REVENUE 623000 991933 991933 MEAL REVENUE 722513 580707 580707 UTILITIES 221000 261222 261222 173651 173651 34998318 534570 534570 68005 0 68005 68005 68005 116550326 116514918 35408 35408 35408 LATE FEES 900099 89093 89093 PARKING FEES 812930 83839 83839 GUEST LODGING 900099 44840 44840 104689 104689 322461 37440950 34998318 0 960444 1210281 1210281 8095773 7378543 717230 126245 126245 2839917 2816822 23095 941160 729578 211582 236172 236172 71094 71094 55958 55958 1329493 1329493 779040 768259 10781 4098228 3351114 747114 597674 151862 445812 3356221 3281869 74352 28658 14638 14020 6445541 6445541 8055438 8016378 39060 716932 626192 90740 REPAIRS AND MAINTENANCE 244301 244301 107836 15394 92442 39335962 35169984 4165978 0 14883549 17832013 2465424 2826830 1879123 2273344 0 67603 1510103 2021675 266743211 78663346 174050619 188079865 44141329 29031926 1468334 4012218 240398481 246145474 3134467 2745375 124411565 130559339 158794619 157414293 3065332 5468276 5153877 6396062 294559860 302583345 X -54173330 -56508119 11951 70248 -54161379 -56437871 240398481 246145474 X -1895012 234240 -615720 X 0 1 X 1 0 X 1394958 497167 462965 498747 1482188 4336025 30320927 30581168 32368373 34061874 34998318 162330660 465468 436769 342575 289590 322461 1856863 32181353 31515104 33173913 34850211 36802967 168523548 712761 175537 46574 200148 562860 1697880 0 712761 175537 46574 200148 562860 1697880 166825668 188196 207215 263568 370196 602575 1631750 188196 207215 263568 370196 602575 1631750 3609270 3609270 35978819 31722319 33437481 35220407 37405542 173764568 0.96010 0.96470 0.00940 0.00690 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GAIN ON EXTINGUISHMENT OF DEBT - 2015 AMOUNT: $ 3,609,270. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3537 61 3598 0.02720 0.97280 0.00000 0 0 14343480 14343480 206143938 65033352 141110586 14437481 8179644 6257837 7008427 5450350 1558077 24809885 24809885 188079865 BOND INTEREST PAYABLE 4044262 RESIDENT DEPOSITS 2351800 6396062 X 37619232 234240 234240 37384992 55958 55958 37440950 39280004 0 39280004 55958 55958 39335962 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO SUPPORT PROGRAMS AND GENERAL OPERATIONS. PART X, LINE 2: THE COMMUNITY HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE COMMUNITY FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE COMMUNITY'S FINANCIAL STATEMENTS. X X X X X X 0 1 0 0 0 0 0 0 0 JUDITH MCGRUTHER CHIEF EXECUTIVE OFFICER 368807 0 71624 0 0 0 8778 0 7015 0 456224 0 0 0 PETER FLEMING CHIEF OPERATING OFFICER 264894 0 24019 0 0 0 6366 0 10364 0 305643 0 0 0 WILLIAM MCCORMICK CHIEF FINANCIAL OFFICER 244554 0 27271 0 0 0 3557 0 10364 0 285746 0 0 0 SUSAN MCMENAMIN CHIEF HUMAN RESOURCE OFFICER 134712 0 16085 0 0 0 3368 0 8503 0 162668 0 0 0 CHRISTINE DWYER MARKETING DIRECTOR 252150 0 0 0 0 0 4868 0 7422 0 264440 0 0 0 SVITLANA BONDARCHUK RN 150619 0 0 0 0 0 3889 0 13722 0 168230 0 0 0 PART I, LINE 4B JUDITH MCGRUTHER PARTICIPATED IN THE 457F PLAN AND MADE CONTRIBUTIONS OF $19,000 DURING 2019. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 830344521 613609B96 2015-03-12 125313677 REFINANCE DEBT (2005 AND 2008 BONDS) AND CAPITAL IMPROVEMENTS TO CCRC 0 0 0 B MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 830344521 613609G75 2018-12-20 42220475 REFINANCE DEBT AND FINANCE EXPANSION PROJECT 0 0 0 A 6295000 125640949 8160910 2178380 3607534 111694125 2015 1 1 1 1 B 44660601 2447987 1048703 844410 23974481 2860770 13484250 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS OF EACH ISSUE EXCEEDED THE ISSUE PRICE OF EACH ISSUE. FOR EACH BOND THE EXCESS IS AS FOLLOWS: COLUMN A - 327,272 INVESTMENT EARNINGS IN ADDITION TO ISSUE PRICE COLUMN B - 2,440,126 INVESTMENT EARNINGS IN ADDITION TO ISSUE PRICE SCHEDULE K, PART IV, LINE 2C, COLUMN A: THE REBATE COMPUTATION FOR THE 2015 BOND WAS PERFORMED IN OCTOBER 2018. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THEN REVIEWED BY THE BOARD AUDIT COMMITTEE, AND THEN DISTRIBUTED TO THE WHOLE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY EACH BOARD MEMBER AND SUBMITTED TO THE GOVERNANCE COMMITTEE OF THE BOARD FOR THEIR REVIEW. BASED ON THEIR REVIEW, THE GOVERNANCE COMMITTEE DETERMINES WHETHER A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS AND SUBMITS THE MATTER TO THE FULL BOARD FOR THEIR CONSIDERATION. THE FULL BOARD THEN DECIDES WHAT ACTION SHOULD BE TAKEN IN RESPONSE TO THE CONFLICT WHICH MAY INCLUDE THE RESIGNATION FROM THE BOARD OF THE MEMBER WITH A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD BASED ON A REVIEW OF THE CEO'S PERFORMANCE RELATIVE TO THE ORGANIZATION'S GOALS, A REVIEW OF THE COMPENSATION OF CEO'S FROM COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990 AND A REVIEW OF RELEVANT COMPENSATION SURVEY INFORMATION PROVIDED BY A CONSULTANT TO THE EXECUTIVE COMMITTEE AND WITH THE ADVICE OF COUNSEL, AS NEEDED. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, TREASURER, SECRETARY, AUDIT COMMITTEE CHAIR, AND EMERITUS CHAIR. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO BASED ON A REVIEW OF THE EMPLOYEE'S PERFORMANCE RELATIVE TO THE ORGANIZATION'S GOALS, A REVIEW OF COMPENSATION AT COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990, A REVIEW OF RELEVANT SALARY SURVEYS, WITH THE ADVICE OF THE EXECUTIVE COMMITTEE AND AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT. COMPENSATION REVIEWS FOR THE CEO, OTHER OFFICERS AND KEY EMPLOYEE LAST OCCURRED IN 2019. THE DELIBERATION AND FINAL DECISIONS ARE TIMELY DOCUMENTED AS PART OF THE COMMITTEE RECORDS AND EMPLOYEE FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED TO A FINANCIAL DISCLOSURE WEB SITE, INCLUDED WITH THE PUBLICLY AVAILABLE DISCLOSURE STATEMENT OF THE COMMUNITY AND DISTRIBUTED UPON REQUEST TO ALL RESIDENTS OF THE COMMUNITY. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE: - ASU 3016-02 LEASE STANDARD -615,720.