2019-07-24T12:18:35-05:00 2018-12-31 520547375 MCLEAN KOEHLER SPARKS & HAMMOND 2205 YORK ROAD SUITE 102 TIMONIUM MD 21093 990 2018-01-01 520591603 GENERAL GERMAN AGED PEOPLES HOME OF BALTIMORE GENE 4103396000 800 SOUTHERLY ROAD TOWSON MD 21286 MARK BEGGS PRESIDENT PRESIDENT 4103366000 2019-07-24 1 PAUL M STECKEL CPA P00168979 4102966200 75.150.31.245 2019-07-24 13:16:56 ED P 88FFE66A9D038ED61342454B70C2D4DFDCBFA7A7 800E53B7711494924DB0EF10DBCF94DAED93694A 2018 2019-02-21 02:37:17Z EDENWALD MARK BEGGS 800 SOUTHERLY ROAD TOWSON MD 21286 63111786 0 X WWW.EDENWALD.ORG X 1881 MD THE GENERAL GERMAN AGED PEOPLE'S HOME OF BALTIMORE IS A MARYLAND NOT-FOR-PROFIT ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY ("EDENWALD"), WHICH WAS OPENED FOR OCCUPANCY IN SEPTEMBER 1985, AND PROVIDES SERVICES THROUGH A COMBINATION OF APARTMENTS, ASSISTED LIVING AND COMPREHENSIVE CARE ACCOMMODATIONS. EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. IN 2018, EDENWALD PROVIDED ASSISTANCE OF $280,645 TO 10 RESIDENTS OF THE FACILITY. 13 13 550 43 0 0 169326 97226 23997231 24887866 2580932 2208725 0 0 26747489 27193817 282266 280645 0 0 14002252 14506688 0 0 0 13530549 17603682 27815067 32391015 -1067578 -5197198 118077792 110699082 126708728 128847935 -8630936 -18148853 X THE GENERAL GERMAN AGED PEOPLE'S HOME OF BALTIMORE IS A MARYLAND NOT-FOR-PROFIT ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY ("EDENWALD"), WHICH WAS OPENED FOR OCCUPANCY IN SEPTEMBER 1985, AND PROVIDES SERVICES THROUGH A COMBINATION OF APARTMENTS, ASSISTED LIVING AND COMPREHENSIVE CARE. EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. IN 2018, EDENWALD PROVIDED ASSISTANCE OF $280,645 TO 10 RESIDENTS OF THE FACILITY. 0 0 10875144 280645 17565342 RESIDENTS' SERVICES 8528858 2986187 ASSISTED LIVING AND COMPREHENSIVE CARE 6849991 3610084 HOUSEKEEPING, LAUNDRY & DIETARY 2340432 PROPERTY OPERATIONS & MAINTENANCE 2340432 28594425 1 1 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 67 0 1 550 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X ROLAND DEVASHER 4103396013 800 SOUTHERLY ROAD TOWSON MD 21286 LAWRENCE S COOK DIRECTOR 0.00 X 0 0 0 WILLIAM L HERMANN DIRECTOR 0.00 X 0 0 0 SALLY RANSOM-KNECHT DIRECTOR 0.00 X 0 0 0 ASTRID WEXLER DIRECTOR 0.00 X 0 0 0 BRUCE J MATTHEISS DIRECTOR 0.00 X 0 0 0 FRANCIS B PALUMBO DIRECTOR/CHAIRMAN 0.00 X X 0 0 0 ROBERT L SEEGER DIRECTOR 0.00 X 0 0 0 W CHARLES ROGERS DIRECTOR 0.00 X 0 0 0 CORY SILKMAN DIRECTOR 0.00 X 0 0 0 DEBRA S WERTHEIMER MD DIRECTOR/VICE CHAIR 0.00 X X 0 0 0 SCOTT B ENSOR DIRECTOR/SECRETARY 0.00 X X 0 0 0 S NELSON WEEKS DIRECTOR 0.00 X 0 0 0 VINCENT P NESLINE DIRECTOR/TREASURER 0.00 X X 0 0 0 F CARVEL PAYNE INTERIM PRESIDENT 40.00 X 282946 0 0 ROLAND DEVASHER SENIOR VICE PRESIDENT FINANCE AND ADMINISTRATION 40.00 X 92113 0 1111 DIANE L STINCHCOMB DIRECTOR SALES 40.00 X 128088 0 10688 RICHARD HUNTER SENIOR VICE PRESIDENT OPER 40.00 X 114639 0 6924 VICTOR JAIYEOLA REGISTERED NURSE 40.00 X 105042 0 0 EMILY SCHULTZ DIRECTOR OF WELLNESS 40.00 X 110432 0 5981 DAVID BROWN DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 100040 0 5618 KENNETH L BULLOCK SENIOR VICE PRESIDENT FINA 40.00 X 227450 0 20767 SUSAN DENNING DIRECTOR OF NURSING 40.00 X 120192 0 6421 1280942 0 57510 8 1 1 0 0 97226 97226 SERVICE FEES 623000 18337399 18337399 ENTRANCE FEES 623000 5824214 5824214 OTHER INCOME 623000 444661 444661 NONRESIDENT FOOD SERVICE 623000 281592 281592 24887866 536621 536621 37590073 35800858 117111 1789215 -117111 1672104 -117111 1789215 27193817 24770755 0 2325836 280645 280645 1280942 1135122 145820 11171321 9899595 1271726 2054425 1817535 236890 97987 97987 355461 355461 786696 703623 83073 58930 15346 43584 1891634 1891634 4518570 4518570 624953 624953 FUTURE SERVICE OBLIGATI 2992000 2992000 FOOD 2014348 2013279 1069 UTILITIES 1029283 1029283 REAL ESTATE TAXES 693452 677810 15642 2540368 1521996 1018372 32391015 28594425 3796590 0 1223222 1490150 98180 18673 3808588 3587680 128632972 57538133 71606558 71094839 20809335 17009272 20058866 16793910 473043 704558 118077792 110699082 3201377 2562574 45618170 48841913 49784441 48052192 28104740 29391256 126708728 128847935 X -12444210 -20903337 3813274 2754484 -8630936 -18148853 118077792 110699082 X -5197198 -3377285 -943434 X X 0 1 X 1 0 X 193312 403187 338172 169326 97226 1201223 23036541 24816079 25519039 26041870 26559970 125973499 23229853 25219266 25857211 26211196 26657196 127174722 0 0 0 127174722 483285 518976 932276 536293 536621 3007451 483285 518976 932276 536293 536621 3007451 23713138 25738242 26789487 26747489 27193817 130182173 0.97690 0.97750 0.02310 0.02250 X 2 81203 5763791 0 0 1523380 1523380 117283420 48968261 68315159 9022956 7872800 1150156 803216 697072 106144 71094839 MORTGAGES 88148 F CASH AND CASH EQUIVALENTS 3851982 F REAL ESTATE INVESTMENTS 1745500 C ACCRUED INCOME 17741 F MUTUAL FUNDS 3439023 F GOVERNMENT BONDS 7651516 F 16793910 DEPOSITS FROM PROSPECTIVE CLIENTS 352582 REFUNDABLE ENTRANCE FEES 29038674 29391256 X 23535887 -3377285 -3377285 26913172 280645 280645 27193817 32110370 0 32110370 280645 280645 32391015 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR INCOME TAX PROVISIONS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CONCEPT TOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CREATES A SINGLE MODEL TO ADDRESS UNCERTAINTY IN TAX POSITIONS AND CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES, AT DECEMBER 31, 2018 AND 2017 FOR UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION HAS ADOPTED A POLICY UNDER WHICH, IF REQUIRED TO BE RECOGNIZED IN THE FUTURE, IT WILL CLASSIFY INTEREST RELATED TO THE UNDERPAYMENT OF INCOME TAXES AS A COMPONENT OF INTEREST EXPENSE, AND IT WILL CLASSIFY ANY RELATED PENALTIES IN ADMINISTRATIVE EXPENSES IN THE STATEMENTS OF UNRESTRICTED REVENUES, EXPENSES, AND OTHER CHANGES IN UNRESTRICTED NET ASSETS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2015. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS' ASSISTANCE REPORTED AS A REDUCTION TO OTHER INCOME ON THE FINANCIAL STATEMENTS BUT REPORTED AS AN EXPENSE ON PAGE 10, PART IX, LINE 2 280,645. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS' ASSISTANCE REPORTED AS A REDUCTION TO INCOME ON THE FINANCIAL STATEMENTS BUT REPORTED AS AN EXPENSE ON PAGE 10, PART IX, LINE 2 280,645. 1 RENT SUBSIDIES 10 280645 PART I, LINE 2: EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. SUCH RESIDENTS USUALLY APPLY FOR ASSISTANCE BY MEETING WITH THE PRESIDENT OR THE SENIOR VICE PRESIDENT OF FINANCE AND ADMINISTRATION. THEIR REQUEST IS THEN SUBMITTED TO, REVIEWED BY, AND APPROVED OR DENIED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. X 0 0 0 0 0 0 0 0 0 F CARVEL PAYNE INTERIM PRESIDENT 282946 0 0 0 0 0 0 0 0 0 282946 0 0 0 KENNETH L BULLOCK SENIOR VICE PRESIDENT FINA 227450 0 0 0 0 0 0 0 20767 0 248217 0 0 0 SUSAN DENNING DIRECTOR OF NURSING 120192 0 0 0 0 0 0 0 6421 0 126613 0 0 0 A MARYLAND HEALTH & HIGHER EDUCATION FACILITIES AUTHORITY 520936091 574218ZL0 2015-09-22 49030000 RENOVATION OF FACILITY/REFUNDING OF EXISTING DEBT 0 0 0 A 52747262 3714400 801751 2999367 2017 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 DIANE MOLITE SPOUSE OF FORMER OFFICER MORTGAGE X 256270 88019 0 1 1 88019 FRANK AND SALLY KNECHT SALLY KNECHT IS A FORMER BOARD MEMBER AND FRANK KNECHT IS HER HUSBAND 64620 ON 7/23/2013, FRANK AND SALLY KNECHT ENTERED INTO A RESIDENCE AND CARE AGREEMENT WITH THE GENERAL GERMAN AGED PEOPLE'S HOME AND PAID AN ENTRANCE FEE OF $222,500. IN 2018, THEY PAID FEES OF $64,620 FOR THE YEAR. 0 JOAN WERTHEIMER JOAN WERTHEIMER IS THE MOTHER OF BOARD MEMBER DEBRA WERTHEIMER 67120 ON 9/25/2013, GUNTHER AND JOAN WERTHEIMER ENTERED INTO A RESIDENCE AND CARE AGREEMENT WITH THE GENERAL GERMAN AGED PEOPLE'S HOME AND PAID AN ENTRANCE FEE OF $374,500. GUNTHER PASSED AWAY ON 2/13/2018. IN 2018, JOAN PAID FEES OF $67,120 FOR THE YEAR. 0 JOHN AND BARBARA DITTO JOHN DITTO IS A FORMER BOARD MEMBER AND BARBARA DITTO IS HIS WIFE 64620 IN 2015, JOHN AND BARBARA DITTO ENTERED INTO A RESIDENCE AND CARE AGREEMENT WITH THE GENERAL GERMAN AGED PEOPLE'S HOME AND PAID AN ENTRANCE FEE OF $348,500. IN 2018, THEY PAID FEES OF $64,620 FOR THE YEAR. 0 ANNE T GARRETT ANNE GARRETT IS A FORMER BOARD MEMBER 30888 IN 2018, ANNE T. GARRETT ENTERED INTO A RESIDENCE AND CARE AGREEMENT WITH THE GENERAL GERMAN AGED PEOPLE'S HOME AND PAID AN ENTRANCE FEE OF $448,800. IN 2018, SHE PAID FEES OF $30,888 FOR THE YEAR. 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION IS A NON-STOCK CORPORATION THAT HAS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ON THE BOARD OF DIRECTORS AND APPROVE THEIR ACTIONS FORM 990, PART VI, SECTION A, LINE 7B ELECT DIRECTORS, APPROVE AUDITORS, RATIFY ACTIONS OF THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BOARD PRIOR TO BEING FILED AND WAS DISCUSSED AND REVIEWED AT A MEETING OF A QUORUM OF THE BOARD FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF CONFLICT OF INTEREST STATEMENTS FORM 990, PART VI, SECTION B, LINE 15A CEO'S COMPENSATION WAS REVIEWED BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE DISTRIBUTED TO BONDHOLDERS, MD DEPARTMENT OF AGING, MHHEFA AND INTERESTED PARTIES THROUGH THE DISCLOSURE STATEMENT. OTHER ITEMS ARE DISTRIBUTED ON A CASE BY CASE BASIS. FORM 990, PART XI, LINE 9: IN 2018, GENERAL GERMAN AGED PEOPLES HOME OF BALTIMORE TRANSFERRED A SCHOLARSHIP FUND OF $943,434 TO EDENWALD SCHOLARSHIP FUND, INC. (EIN: 05-5002338), AN INDEPENDENT SECTION 501C(3) ENTITY MANAGED BY EDENWALD RESIDENTS -943,434. FORM 990 PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE AUDIT. THE BOARD OF DIRECTORS APPROVE THE AUDITORS. THERE HAS BEEN NO CHANGE IN THE PROCESS OF THE OVERSIGHT OF THE FINANCIALS.