2019-05-13T13:32:51-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2018-01-01 560547462 ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC ALDE 7045327000 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 MICHAEL SULHAN CFO AND TREASURER 7045327000 2019-05-13 1 JOHN NORMAN P01506766 7049985200 2019-05-06 67.137.57.251 2019-05-13 11:12:12 ED P 3C315379D277E7BF0AB2ECF1CF0DAA9615A0FB36 E08534915D800E761C58D6BC2FAE027E229B383F 2018 2019-02-21 02:37:17Z SUZANNE H PUGH 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 39421359 0 X WWW.ALDERSGATECCRC.COM X 1945 NC PROVISION OF EXCELLENT CONTINUING CARE SERVICES FOR ELDERS. 14 14 705 500 0 0 127440 698467 30805079 35736988 2775336 1744726 0 0 33707855 38180181 0 0 0 0 15603448 17567443 0 0 221554 20597703 24177596 36201151 41745039 -2493296 -3564858 156162636 165629372 159582823 178199919 -3420187 -12570547 X WE HONOR ELDERS AND ARE COMMITTED TO CREATING AND FOSTERING DIVERSE, CARING COMMUNITIES WHERE EVERYONE HAS A VOICE AND VALUE. 0 1 34625891 35736988 ALDERSGATE PROVIDES HOUSING, MEALS, SECURITY, ASSISTANCE WITH ESSENTIAL ACTIVITIES OF DAILY LIVING, SKILLED NURSING CARE, AND RELATED SERVICES DESIGNED SPECIFICALLY FOR SENIOR ADULTS WHILE OFFERING RELIGIOUS, CULTURAL, RECREATIONAL AND OTHER ACTIVITIES INCLUDING OPPORTUNITIES FOR COMMUNITY VOLUNTEERING AND TRANSPORTATION TO EVENTS AND APPOINTMENTS. SERVICES ARE PROVIDED 24 HOURS PER DAY. ALDERSGATE MAKES EVERY EFFORT TO CONTINUE PROVIDING SERVICES TO RESIDENTS WHO NEED SUPPLEMENTAL FINANCIAL ASSISTANCE. 34625891 1 1 0 0 0 0 0 0 0 1 1 1 0 0 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 0 0 0 1 275 0 705 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MIKE SULHAN CHIEF FINANCIAL OFFICER 7045327000 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 CHRISTOPHER DAVIS BOARD MEMBER 2.00 1.00 X 0 0 0 PATRICIA GARRETT BOARD SECRETARY 2.00 1.00 X X 0 0 0 RICHARD JERRY GAUDET RESIDENT BOARD MEMBER 2.00 1.00 X 0 0 0 DAVID GUILFORD BOARD MEMBER 2.00 1.00 X 0 0 0 BORIS HENDERSON BOARD MEMBER 2.00 1.00 X 0 0 0 MARTHA D JONES RESIDENT BOARD MEMBER 2.00 1.00 X 0 0 0 SUSAN KEEVER BOARD MEMBER 2.00 1.00 X 0 0 0 THOMAS LAWING JR BOARD CHAIR 2.00 1.00 X X 0 0 0 JOSEPH LIPE BOARD MEMBER 2.00 1.00 X 0 0 0 BILLY MADDALON BOARD MEMBER 2.00 1.00 X 0 0 0 BLAKE MORRIS BOARD MEMBER 2.00 1.00 X 0 0 0 WILLIAM SPRINGS BOARD VICE-CHAIR 2.00 1.00 X X 0 0 0 DR ROBERT VAUGHN JR BOARD MEMBER 2.00 1.00 X 0 0 0 STANLEY WATKINS BOARD MEMBER 2.00 1.00 X 0 0 0 MARY WILSON BOARD MEMBER 2.00 1.00 X 0 0 0 SUZANNE H PUGH PRESIDENT 40.00 1.00 X 295483 0 4906 MICHAEL SULHAN CFO AND TREASURER 40.00 1.00 X 183924 0 13653 JEFFREY WEATHERHEAD CHIEF OPERATING OFFICER 40.00 1.00 X 166779 0 9788 YVETTE PORTERFIELD CHIEF NURSING OFFICER 40.00 X 123920 0 4011 VERONICA CALDERON CHIEF DIVERSITY AND INCLUSION OFFICER 40.00 X 115705 0 2652 ERIN BARBEE DIRECTOR OF MISSION ADVANCEMENT 40.00 X 130038 0 1919 MARILYN KATHLENE HENDRICK DIRECTOR OF HUMAN RESOURCES 40.00 X 112835 0 2906 CALLIE VANESA BAKER ADMISSIONS DIRECTOR 40.00 X 138268 0 2266 1266952 0 42101 8 0 1 0 CHOATE CONSTRUCTION 2907 PROVIDENCE RD 400 CHARLOTTE NC 28211 CONSTRUCTION SERVICES 15957049 UNIDINE CORPORATION 1000 WASHINGTON ST 510 BOSTON MA 02118 FOOD SERVICE 2179033 SELECT REHABILITATION 6510 NORTHPARK BLVD CHARLOTTE NC 28216 REHABILITATION SERVICES 1472816 TARTAN BUILDERS GROUP 5925 CARNEGIE BLVD CHARLOTTE NC 28209 CONTRUCTION SERVICES 798263 SHOOK KELLEY INC 2151 HAWKINS ST 400 CHARLOTTE NC 28203 CONSTRUCTION CONSULTING 674500 21 698467 698467 RESIDENT REVENUE 623000 31561292 31561292 ENTRANCE FEES EARNED 623000 2652379 2652379 1523317 1523317 35736988 598445 598445 2387459 1241178 1146281 1146281 1146281 38180181 35736988 0 1744726 886011 433418 452593 14161771 13644711 418913 98147 181667 166390 15277 1233753 830374 403379 1104241 984424 111442 8375 491076 491076 217306 217306 40628 40628 2519806 1686289 833517 464381 424337 40044 537008 59074 435027 42907 11601 11323 278 104641 19526 77798 7317 128761 16553 105075 7133 4539934 4521216 18718 4553905 4280671 273234 459282 183104 276178 MEDICAL RX, SUPPLIES 3109388 3109388 GENERAL & ADMINISTRATIV 2653662 1326831 1326831 EQUIPMENT EXPENSE 536052 268026 268026 DUES & SUBSCRIPTIONS 221282 110641 110641 3588883 2973932 597320 17631 41745039 34625891 6897594 221554 1200 1200 1383441 1647474 1896605 2085648 97843 73021 405702 447988 190157834 66253672 111060341 123904162 40376587 36259075 940917 1210804 156162636 165629372 10486008 8819673 15028341 15340198 102683652 120141737 31384822 33898311 159582823 178199919 X -4542496 -13415759 483866 200596 638443 644616 -3420187 -12570547 156162636 165629372 X -3564858 -3153323 -2155082 -277097 X X 0 1 X 1 0 X 377522 1253896 517441 127440 698467 2974766 28049833 27187869 30672485 30805079 35736988 152452254 28427355 28441765 31189926 30932519 36435455 155427020 2750 7125 7500 185927 203302 0 2750 7125 7500 185927 203302 155223718 696991 466323 438924 729737 598445 2930420 696991 466323 438924 729737 598445 2930420 29124346 28908088 31628850 31662256 37033900 158357440 0.98020 0.98030 0.01850 0.01890 X 1338542 342283 2209 1683034 1333578 68356 2455 65847 1338542 1327887 69646 3297 67252 1333578 1317082 97456 4356 91007 1327887 1309688 2165 5229 1317082 0.61700 0.38300 0 0 3546305 3546305 131352617 51737640 79614977 18290446 10264479 8025967 36968466 4251553 32716913 123904162 CASH AND CASH EQUIVALENTS 2068758 F COMMONFUND CONTINGENT ASSET PORTFOLIO 396858 F COMMONFUND MULTI-STRATEGY EQUITY INVESTORS 5844761 F COMMONFUND MULTI-STRATEGY BOND INVESTORS 5406476 F ALTERNATIVE INVESTMENTS 3687 F DESIGNATED FOR STATUTORY OPERATING RESERVE 8675045 F HELD UNDER BOND AGREEMENT 11979860 F BOARD DESIGNATED 1038418 F DONOR RESTRICTED 845212 F 36259075 REFUNDABLE ENTRANCE FEES 33898311 33898311 PART V, LINE 4: THE ORGANIZATION USES ENDOWMENT FUNDS TOWARDS VARIOUS DONOR DESIGNATED PURPOSES INCLUDING FINANCIAL ASSISTANCE TO RESIDENTS UNABLE TO PAY AND EMPLOYEE TRAINING. X X X 0 0 0 0 0 0 0 0 0 SUZANNE H PUGH PRESIDENT 236245 0 49928 0 9310 0 0 0 4906 0 300389 0 0 0 MICHAEL SULHAN CFO AND TREASURER 164525 0 12634 0 6765 0 0 0 13653 0 197577 0 0 0 JEFFREY WEATHERHEAD CHIEF OPERATING OFFICER 160523 0 2981 0 3275 0 0 0 9788 0 176567 0 0 0 A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2013-10-24 38025000 REFUND PRIOR BONDS ISSUED IN 2009 AND 2010 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65820YLM6 2015-11-18 49125093 FINANCE NEW CONSTRUCTION AND REFINANCE CURRENT PROJECTS. 0 0 0 C NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65820YNG7 2017-05-31 35094238 REFUND BANK LOAN; FINANCE NEW CONSTRUCTION 0 0 0 A 6795000 37565841 3474738 85879 33337834 1 0 1 1 B 49125093 2399588 861700 43811540 2112265 1 0 1 1 C 35094238 1242528 687884 17536923 3555642 12071261 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 1 0 0 1 0 0 0 0 A 1 B 1 C 1 FORM 990, PART III, LINE 3 ALDERSGATE AT HOME WAS BROKEN OUT FROM BEING A DEPARTMENT TO A SEPARATE LEGAL ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL INITIALLY BE REVIEWED BY THE CONTROLLER AND CFO, CONFIRMING ALL DATA AND FINANCIAL INFORMATION MATCH OUR RECORDS. UPON APPROVAL FROM THE CFO, THE 990 WILL BE PRESENTED TO THE CEO AND THE BOARD FOR THEIR REVIEW AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS ARE COVERED AND SIGN THE CONFLICT OF INTEREST POLICY. ITEMS THAT REPRESENT MAJOR EXPENDITURES ARE SUBJECT TO A BID PROCESS WHERE THE LOWEST COST PROVIDER OF THE DESIRED SERVICE IS GENERALLY SELECTED. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES (INCLUDING KEY EMPLOYEES) IN THE COMPARE ARE COMPARED PERIODICALLY TO WAGE DATA THAT IS DEVELOPED INDEPENDENTLY THROUGH A LOCAL EMPLOYERS ASSOCIATION. THE WAGES ARE REVIEWED TO SEE THAT THEY ARE COMPETITIVE IN THE LOCAL MARKET. THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE FILED ANNUALLY WITH THE NORTH CAROLINA DEPARTMENT OF INSURANCE AND PUBLISHED ON ITS WEBSITE. THEY ARE ALSO PRINTED ANNUALLY IN STATUTORILY REQUIRED DISCLOSURE STATEMENTS WHICH ARE AVAILABLE TO THE PUBLIC. ARTICLES OF INCORPORATION ARE AVAILABLE ONLINE AT THE NORTH CAROLINA SECRETARY OF STATE WEBSITE. THE CONFLICTS OF INTEREST POLICY IS AVAILABLE FOR EXAMINATION UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN TEMPORARY RESTRICTED NET ASSETS -277,097. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAS ESTABLISHED ITS AUDIT COMMITTEE TO ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. ALDERSGATE HOLDINGS INC 3800 SHAMROCK DR CHARLOTTE NC 28215 475163378 LAND INVESTMENT NC 501(C)(2) 1 ALDERSGATE LIFE PLAN SERVICES INC 3800 SHAMROCK DR CHARLOTTE NC 28215 812698156 HOLDING COMPANY NC 501(C)(3) LINE 12A, I 1 ALDERSGATE AT SHARON INC 3800 SHAMROCK DR CHARLOTTE NC 28215 812672298 SENIOR LIVING SERVICES (INACTIVE) NC 501(C)(3) LINE 10 1 ALDERSGATE AT SHALOM PARK INC 3800 SHAMROCK DR CHARLOTTE NC 28215 821000888 SENIOR LIVING SERVICES (INACTIVE) NC 501(C)(3) LINE 10 1 ALDERSGATE AT HOME 312 FOREST KNOLL DR CHARLOTTE NC 28215 812678570 SENIOR LIVING SERVICES NC 501(C)(3) LINE 10 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 1 1 0 ALDERSGATE AT HOME INC D 100000 VALUE OF LINE OF CR. GUARANTEED