2018-11-15T09:11:21-06:00 2017-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2017-01-01 530128590 INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY INC INGL 2023638310 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 KEVIN DIUBALDO CONTROLLER 2023638310 2018-11-15 1 JULIUS GREEN CPA P00350393 2159720701 96.80.2.34 2018-11-15 06:58:34 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0EDBA9E346E33D8FDAC35F5746F849DF1C5CC14B 2017 2019-02-21 02:37:17Z INGLESIDE AT ROCK CREEK LYNN O'CONNOR 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 173885585 0 X WWW.IRCDC.ORG X 1906 DC PROVIDE QUALITY CONTINUING CARE SERVICES TO OLDER ADULTS IN A PRESBYTERIAN-AFFILIATED ORGANIZATION. 12 12 279 145 0 0 211182 213212 19309403 18768171 -47123 -1496895 407154 274618 19880616 17759106 129872 121198 0 0 9361408 9121599 0 0 0 11858298 12272551 21349578 21515348 -1468962 -3756242 88421039 236411484 100442691 251740011 -12021652 -15328527 X WESTMINSTER INGLESIDE WILL EXCEL IN PROVIDING DISTINCTIVE AND SUSTAINABLE RESIDENTIAL SETTINGS WHERE ACTIVE SENIORS LIVE IN VIBRANT, CARING, AND SPIRITUALLY RICH COMMUNITIES, AND WHERE THEY CAN RELY ON CONTINUING WELLNESS AND HEALTHCARE SERVICES FOR THEMSELVES AND THEIR NEIGHBORS. 0 0 18014673 121198 18768171 THE INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY, INC., (IRC) THROUGH ITS GOVERNANCE, MANAGEMENT AND RESIDENTS, IS A LICENSED CONTINUING CARE RETIREMENT COMMUNITY (CCRC). INGLESIDE AT ROCK CREEK HAS A DEEP UNDERSTANDING OF THE CHANGING NEEDS THAT SOMETIMES ACCOMPANY RESIDENTS AS THEY AGE. AS A CCRC, WE OFFER INDEPENDENT, ASSISTED, AND NURSING HOME CARE TO MEET ALL OF OUR RESIDENTS' NEEDS.LOCATED IN WASHINGTON DC, THE COMMUNITY CONSISTS OF 127 INDEPENDENT LIVING APARTMENTS, 7 ASSISTED LIVING APARTMENTS, AND 60 NURSING HOME BEDS. WITH THE SUPPORT OF THE INGLESIDE RESIDENT SUPPORTING FUND, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE AS A RESULT OF OUTLIVING HIS OR HER RESOURCES. IN AN EFFORT TO ENSURE THE GREATEST MOBILITY FOR ALL FACILITY RESIDENTS, A WHEELCHAIR ACCESSIBLE BUS AND VAN ARE PROVIDED TO ENABLE ALL RESIDENTS TO GO ON OUTINGS. IMPORTANT TO THE SPIRITUAL CARE OF OUR RESIDENTS, IRC OFFERS BEREAVEMENT AND SUPPORT COUNSELING FOR FAMILIES AND REFERRAL SERVICES. IRC WORKS DAILY TO OBTAIN THE HIGHEST DEGREE OF RESIDENT SATISFACTION.OUR CCRC PROMOTES THE INDIVIDUALITY OF OUR RESIDENTS. WE STRIVE TO FACILITATE AN ENVIRONMENT OF OPEN COMMUNICATION, ENCOURAGING RESIDENT PARTICIPATION IN ACTIVITIES AND PROVIDING US WITH INPUT IN THE DAILY OPERATIONS OF IRC. THE FUNCTION, MAINTENANCE AND APPEARANCE OF OUR FACILITIES ARE OF THE HIGHEST IMPORTANCE. MANAGEMENT ALONE CANNOT PROVIDE THE LEVELS OF CARE WE DEMAND. VOLUNTEERS ARE ESSENTIAL TO FULFILLING OUR MISSION. WE ARE GOVERNED BY A VOLUNTEER, COMMUNITY-BASED BOARD OF DIRECTORS. RESIDENTS FROM ALL OVER THE COMMUNITY VOLUNTEER THEIR SERVICES TO ASSIST OTHER RESIDENTS AND TO PROVIDE THE SPECIAL ONE-ON-ONE FRIENDSHIP THAT STAFF CANNOT. RESIDENTS, FAMILY MEMBERS, AND OUTSIDE VOLUNTEERS PROVIDE COUNTLESS HOURS TO ASSIST WITH SPECIAL FUNCTIONS, SUCH AS THE ANNUAL SILVER TEA, THAT RAISES MONEY FOR OUR SUPPORTING FUNDS. OUTSIDE FAMILY AND FRIENDS OF THE COMMUNITY PROVIDE FELLOWSHIP. RECENTLY, WE HAVE BEGUN OPENING OUR DOORS TO SENIORS WHO LIVE IN THE NORTHWEST NEIGHBOR'S VILLAGE SURROUNDING OUR COMMUNITY. WE HAVE ENABLED THEM TO JOIN OUR RESIDENTS FOR EDUCATIONAL AND SOCIAL PROGRAMS AS WELL AS POT LUCK DINNERS TO PROVIDE FELLOWSHIP. OUR INTERESTS IN THE OUTSIDE COMMUNITY INCLUDE OTHER FRAIL SENIORS. EACH YEAR WE DONATE REPLACED CHINA TO A NOT-FOR-PROFIT CATHOLIC NURSING HOME IN WASHINGTON DC.OUR WOMEN'S BOARD, CONSISTING OF APPROXIMATELY 40 VOLUNTEERS FROM LOCAL PRESBYTERIAN CONGREGATIONS, CONTINUED ITS 110-YEAR TRADITION OF SERVICE TO IRC RESIDENTS. THE WOMEN'S BOARD DISTRIBUTES HOLIDAY GIFTS TO ALL ASSISTED LIVING AND SKILLED NURSING RESIDENTS AND PROVIDES THE EXECUTIVE DIRECTOR WITH FUNDS TO PURCHASE MORE SUBSTANTIAL GIFTS FOR RESIDENTS IN NEED (OFTEN THOSE WITHOUT FAMILY MEMBERS). THROUGHOUT THE YEAR, IT WILL ASSIST RESIDENTS WHO CANNOT AFFORD THEM WITH CLOTHING OR MEDICAL NECESSITIES SUCH AS DENTURES. IT PROVIDES REGULAR PARTIES TO BRIGHTEN THE DAYS OF THOSE WHO CANNOT GET OUTSIDE. IT RUNS A THRIFT STORE INSIDE THE COMMUNITY THAT IS OPEN THE PUBLIC. ALL PROCEEDS BENEFIT IRC RESIDENTS, PRIMARILY THOSE IN ASSISTED LIVING AND SKILLED NURSING. THE WOMEN'S BOARD HAS BEAUTIFIED THE ASSISTED LIVING AND NURSING HOME BY PROVIDING PAINTINGS - MUCH OF IT ORIGINAL ART - IN HALLWAYS AND RESIDENT ROOMS. VOLUNTEERS ALSO RUN A SUNDRY STORE FOR RESIDENTS TO PURCHASE ITEMS OR JUST VISIT WITH THE VOLUNTEERS.THE GOOD WORKS OF IRC EXTEND BEYOND OUR WALLS AS WELL. A SAMPLE OF THE MANY COMMUNITY BENEFITS PROVIDED BY IRC INCLUDES VARIOUS COMMUNITY-BASED SUPPORT SYSTEMS. THE LOCAL CHAPTER OF ALCOHOLICS ANONYMOUS MEETS IN OUR CONFERENCE ROOM FREE OF CHARGE AND IS OPEN TO OUR RESIDENTS AND THEIR FAMILY MEMBERS AS WELL. ALSO OUR NEIGHBOR, TEMPLE SINAI, HOLDS THEIR ADULT HEBREW AND CONFIRMATION CLASSES HERE THROUGHOUT THE YEAR FREE OF CHARGE. IRC REGULARLY DONATES TO THE LOADING DOCK, PROVIDING THEM WITH USABLE CABINETS AND APPLIANCES WHEN APARTMENTS ARE RENOVATED.THE CORPORATION EXTENDS CHARITY CARE AND OTHER SUPPORT TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS BENEVOLENT CARE POLICY AND ARE UNABLE TO PAY FOR SERVICES, AT ALL LEVELS OF CARE AS NEEDED AND WHEN APPROPRIATE WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. 18014673 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 82 0 1 279 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X KEVIN DIUBALDO CONTROLLER 3014072082 2275 RESEARCH BLVD SUITE 450 ROCKVILLE MD 20850 RICHARD RIEGEL CHAIRMAN (RESIGNED MARCH '17) 1.00 3.00 X X 0 0 0 NANCY KUHN SECRETARY 1.00 2.00 X X 0 0 0 JANE ANGUS DIRECTOR 3.00 1.00 X 0 0 0 BRUCE BARTELS CHAIRMAN 1.00 5.00 X X 0 0 0 RUDY COHEN DIRECTOR 1.00 2.00 X 0 0 0 JAN FELDMAN DIRECTOR 0.50 1.00 X 0 0 0 SHELLEY JENNINGS DIRECTOR (RESIGNED MARCH '17) 1.00 2.00 X 0 0 0 DR WILLIAM LEAHY VICE CHAIRMAN 0.50 1.00 X X 0 0 0 ROBYN STONE DIRECTOR 0.50 1.00 X 0 0 0 PETE WILLSON DIRECTOR 1.00 2.00 X 0 0 0 DR HUGH HILL DIRECTOR 1.00 3.00 X 0 0 0 TODD MCCREIGHT DIRECTOR 1.00 4.00 X 0 0 0 DENIS VON KAEPPLER DIRECTOR 1.00 4.00 X 0 0 0 STEVEN WAGNER DIRECTOR 1.00 4.00 X 0 0 0 LYNN O'CONNOR PRESIDENT/CEO 10.00 30.00 X 0 455562 30099 TIM MYERS CFO 10.00 30.00 X 0 340441 20280 DUSANKA DELOVSKA-TRAKOVA CIO 13.30 26.60 X 0 158062 22303 CATHERINE SCOTT EXECUTIVE DIRECTOR 40.00 X 211801 0 10951 MONIQUE ELIEZER VP SALES MKTG & STRATEGY 13.30 26.60 X 0 452844 20546 ELIZABETH BUSH COO 10.00 30.00 X 0 254799 9016 ROSALIND WRIGHT LNHA 40.00 X 160606 0 6970 KRISTIN SHANKS DIRECTOR OF SALES 40.00 X 124011 0 9777 CHRISTOPHER SWEDISH DIRECTOR OF FACILITIES MGMT 40.00 X 105806 0 1775 FLORDELIZA FLORES MDS MANAGER 40.00 X 105485 0 16532 KENNETH N NJOKU LPN 40.00 50.00 X 102420 0 7808 810129 1661708 156057 6 0 1 0 THE WHITING-TURNER CONTRACTING COMPANY 300 EAST JOPPA ROAD 8TH FLOOR BALTIMORE MD 21286 CONSTRUCTION SVCS. 8974487 PERKINS EASTMAN DC PLLC 1 THOMAS CIRCLE NW WASHINGTON DC 20005 ARCHITECT 1384519 FLIK LIFESTYLES PO BOX 102289 ATLANTA GA 30268 DINING SERVICES 982969 FLAGSHIP REHABILITATION 157 BALTIMORE ST CUMBERLAND MD 21502 THERAPY PROVIDER 953187 GREENBRIER DEVELOPMENT LLC 3232 MCKINNEY AVE STE 1160 DALLAS TX 75203 DEV. MGT. 408404 48 213212 213212 RESIDENT REVENUE 623000 18768171 18768171 18768171 360279 360279 69970 33722 36248 36248 36248 154235583 154106519 1986238 129064 -1986238 -1857174 -1857174 GUEST ROOM/GUEST MEALS 623000 82837 82837 BEAUTY/BARBER SHOP INCOME 623000 73163 73163 CAFE/DELI INCOME 623000 49603 49603 32767 32767 238370 17759106 18768171 0 -1222277 121198 121198 204584 186992 17592 7173505 6556670 616835 114129 109927 4202 963254 666826 296428 666127 555179 110948 830570 830570 212101 212101 62335 62335 6995 6995 63261 63261 1092541 369805 722736 736207 701359 34848 464515 253049 211466 162910 12836 150074 2643376 2640119 3257 41847 35393 6454 13985 9646 4339 1100 1000 100 2361905 2361905 101754 101754 DIETARY EXPENSES 1040438 1040438 THERAPY EXPENSES 927642 927642 MEDICAL SUPPLIES 619790 619790 STATE NH ASSESSMENT TAX 358257 358257 531022 486642 44380 21515348 18014673 3500675 0 3197 5718 4942796 2188803 48048 48432 2064920 2369036 263426 470317 105486339 27293965 55329872 78192374 8713103 14205685 17055677 138931119 88421039 236411484 2267686 9197873 18272877 17902743 162188203 25280380 0 54621748 62451192 100442691 251740011 X -15506797 -19201703 2186019 2543756 1299126 1329420 -12021652 -15328527 88421039 236411484 X -3756242 112389 336978 X 0 1 X 1 0 X 287958 338424 229455 211182 213212 1280231 18624305 19108881 18411523 19309403 18768171 94222283 324600 472917 329319 319052 233781 1679669 19236863 19920222 18970297 19839637 19215164 97182183 0 0 0 97182183 474716 348872 386522 393276 430249 2033635 474716 348872 386522 393276 430249 2033635 13370 22181 5211 5115 4589 50466 19724949 20291275 19362030 20238028 19650002 99266284 0.97900 0.98080 0.02050 0.01870 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2013 AMOUNT: $ 13,370. 2014 AMOUNT: $ 22,181. 2015 AMOUNT: $ 5,211. 2016 AMOUNT: $ 5,115. 2017 AMOUNT: $ 4,589. 0 0 0 0 0 0 0 0 1 6995 6995 0 PART II-B, LINE 1: THE FILING ORGANIZATION IS A MEMBER OF VARIOUS ORGANIZATIONS THAT SUPPORT SENIOR LIVING COMMUNITIES. A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS IS ALLOCATED TO LOBBYING EXPENSES. THE ORGANIZATION ALSO HIRED AN ATTORNEY TO ASSIST IN LOBBYING EFFORTS RELATED TO A PROPERTY TAX ISSUE. 1 76466 76466 0 1114974 30680 1145654 1084252 30722 1114974 1509816 -425564 1084252 1450599 59217 1509816 1356534 94065 1450599 0.00000 0.96000 0.04000 0 1 1 3805752 3805752 60268682 24813875 35454807 4803311 2480090 2323221 36608594 36608594 78192374 OTHER ASSETS 23597 BENEFICIAL INTEREST IN PERPETUAL TRUST 1097222 INTEREST IN NET ASSETS OF FOUNDATION 2562709 DUE FROM AFFILIATES 215006 UNDER TRUST INDENTURE 135032585 138931119 SECURITY DEPOSITS - RENTALS 1400 PRIORITY DEPOSITS 13617389 REFUNDABLE ENTRANCE FEES 48195147 DUE TO AFFILIATES 637256 62451192 20200487 112389 273717 386106 19814381 -2055275 -2055275 17759106 23507362 2055275 2055275 21452087 63261 63261 21515348 PART IV, LINE 1B: THE ORGANIZATION USES THE SERVICES PROVIDED BY THE COMPANY NATIONAL DATACARE. RESIDENTS SIGN UP FOR THE SERVICE, THROUGH WHICH THE RESIDENT'S INCOME IS AUTOMATICALLY DEPOSITED TO A DESIGNATED ACCOUNT. THE ORGANIZATION THEN PAYS BILLS FOR THE RESIDENT FROM THE DEPOSITED FUNDS. ANY BALANCE IS AVAILABLE TO THE RESIDENT TO ACCESS IN WHICH CASE THE ORGANIZATION WILL PROVIDE THE FUNDS TO THE RESIDENT. PART V, LINE 4: THERE ARE TWO ENDOWMENTS THAT SPECIFICALLY SUPPORT IRC RESIDENTS. THE FIRST IS REFLECTED ABOVE AND IS FOR RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. THE SECOND ENDOWMENT RESIDES IN THE WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION. INCOME GENERATED FROM THE IRC ENDOWMENT FUNDS IS USED TOWARD THE RESIDENT SUPPORTING FUND FOR THE RESIDENTS OF THE INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY, INC. THE FUNDS SUPPORT RESIDENTS WHO HAVE EXHAUSTED THEIR RESOURCES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 30,678. INCREASE IN NET ASSETS OF THE FOUNDATION 306,300. INVESTMENT FEES -63,261. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -2,021,553. RENTAL EXPENSES -33,722. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 33,722. LOSS ON DISPOSAL OF ASSETS 2,021,553. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 63,261. 1 WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 541949766 501(C)(3) 121198 GENERAL OPERATING SUPPORT 1 PART I, LINE 2: THE ASSISTANCE IS IN THE FORM OF REIMBURSED EXPENSES FOR A RELATED ENTITY. ALL ACCOUNTING FUNCTIONS ARE PERFORMED ON A CONSOLIDATED BASIS AND NO FURTHER MONITORING IS NECESSARY. X X X X 0 1 0 0 0 0 0 1 0 LYNN O'CONNOR PRESIDENT/CEO 0 367319 0 88243 0 0 0 28727 0 1372 0 485661 0 0 TIM MYERS CFO 0 285901 0 54540 0 0 0 8054 0 12226 0 360721 0 0 DUSANKA DELOVSKA-TRAKOVA CIO 0 135562 0 22500 0 0 0 3192 0 19111 0 180365 0 0 CATHERINE SCOTT EXECUTIVE DIRECTOR 199988 0 11813 0 0 0 0 0 10951 0 222752 0 0 0 MONIQUE ELIEZER VP SALES MKTG & STRATEGY 0 427344 0 25500 0 0 0 12076 0 8470 0 473390 0 0 ELIZABETH BUSH COO 0 212426 0 42373 0 0 0 7644 0 1372 0 263815 0 0 ROSALIND WRIGHT LNHA 160606 0 0 0 0 0 0 0 6970 0 167576 0 0 0 PART I, LINE 4B LYNN O'CONNOR PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR WHICH $17,646 WAS CONTRIBUTED IN 2017. PART I, LINE 7 EXECUTIVE LYNN O'CONNOR, THE PRESIDENT AND CEO, RECEIVED A BONUS AT THE DISCRETION OF THE BOARD OF DIRECTORS. THE BONUS WAS BASED ON SET GOALS SUCH AS THE COMMUNITIES ACHIEVING THEIR BOND COVENANTS. TIM MYERS, THE CFO, DUSANKA DELOVSKA-TRAKOVA, THE CIO, ELIZABETH BUSH, THE COO, MONIQUE ELIEZER, THE VP OF SALES MARKETING, AND CATHERINE SCOTT, THE EXECUTIVE DIRECTOR ALSO RECEIVED BONUSES BASED UPON A SIMILAR SET OF GOALS DURING THE YEAR. A DISTRICT OF COLUMBIA 536001131 2014-04-24 26254000 REFUNDING ISSUE AND CAPITAL IMPROVEMENTS 0 0 0 B DISTRICT OF COLUMBIA 536001131 25483VSG0 2017-08-04 190095000 REFUNDING ISSUE AND CAPITAL IMPROVEMENTS 0 0 0 A 2749958 26254000 344198 7427123 18826877 2016 1 0 1 1 B 187746960 7761500 20254110 3664848 27552129 162542871 2019 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 1 TORONTO-DOMINION BANK 3.000000000000 1 0 1 A 1 B 1 SCHEDULE K, BOND ISSUE B THE FACE VALUE OF BOND ISSUE B, AS REPORTED ON PART I, LINE B, COLUMN (E) IS NOT EQUAL TO PART II, LINE 3 DUE TO THE BOND ISSUE BEING OFFERED AT A DISCOUNT. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD DELEGATES AUTHORITY TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR, VICE CHAIR, CHAIR EMERITUS, PRESIDENT/CEO, SECRETARY AND TREASURER. ALL ARE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 6 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. (45-3825159) IS THE SOLE MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF THE PARENT, WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. (45-3825159), HOLDS THE POWER TO ELECT, APPOINT, AND REMOVE MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS. THE RESIDENTS OF THE COMMUNITY MAY ELECT ONE RESIDENT REPRESENTATIVE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. THE PARENT ORGANIZATION, HAS THE POWER TO ACT ON BEHALF OF THE ORGANIZATION AS WELL AS HAVING THE POWER TO DEFINE THE MISSION, POLICIES, AND RETAINING, EVALUATING, AND SETTING COMPENSATION FOR THE PRESIDENT/CEO. IT ALSO HAS THE RIGHT TO DELEGATE ANY OF ITS POWERS TO THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW IS PERFORMED BY THE PRESIDENT, CHIEF FINANCIAL OFFICER, AND CONTROLLER. ONCE THE MANAGEMENT TEAM APPROVES THE DRAFT, ALL BOARD MEMBERS RECEIVE A COPY OF THE RETURN FOR REVIEW. BOARD MEMBERS MAY DISCUSS CORRECTIONS, REVISIONS, AND QUESTIONS WITH MANAGEMENT. SUBSEQUENT TO BOARD REVIEW THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY STATES THAT DIRECTORS, OFFICERS, AND ALL EMPLOYEES ANNUALLY, OR AT ANY TIME THAT A SITUATION ARISES, DECLARE CONFLICTS OF INTEREST. NOT ONLY ACTUAL CONFLICTS BUT TRANSACTIONS FROM WHICH A CONFLICT MAY APPEAR TO EXIST ARE TO BE DISCLOSED TO THE BOARD CHAIR OR THE FOUNDATION DIRECTOR. THE BOARD CHAIRMAN, DIRECTOR, AND PRESIDENT/CEO OF THE ORGANIZATION MONITOR CONFLICT DISCLOSURES. ANY DIRECTOR OR OFFICER FOR WHICH A CONFLICT MAY BE INVOLVED IS EXPECTED TO REMAIN REMOVED FROM ANY DISCUSSIONS OR DECISION-MAKING RELATED TO THE CONFLICT. BUSINESS AND FAMILY RELATIONSHIPS ARE SPECIFICALLY MENTIONED IN THE CONFLICT OF INTEREST STATEMENT AS PART OF THE DUE DILIGENCE THE ORGANIZATION FOLLOWS TO ENSURE CONFLICTS ARE HANDLED IN AN ETHICAL MANNER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD EXECUTIVE COMMITTEE SERVING AS THE COMPENSATION COMMITTEE FOLLOWS COMPENSATION BEST PRACTICE PROCESSES TO EVALUATE AND COMPENSATE THE PRESIDENT/CEO. THE PROCESS INCLUDES THE FOLLOWING: THE BOARD EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND USES TWO SALARY SURVEYS TO ESTABLISH COMPENSATION WITHIN FAIR VALUE RANGE. ONE SURVEY PROVIDES INFORMATION ON AN INDUSTRY-WIDE BASIS AND THE OTHER PROVIDES COMPARABLES FOR THE DC METROPOLITAN AREA. THE BOARD ALSO USES AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IN THE COMPENSATION ANALYSIS AND DETERMINATION. THESE METHODS PROVIDE ADDITIONAL BENCHMARKING INFORMATION TO ESTABLISH THE COMPENSATION PACKAGE FOR THE PRESIDENT/CEO. THE BOARD EXECUTIVE COMMITTEE, OPERATING AS THE COMPENSATION COMMITTEE, APPROVES THE PRESIDENT/CEO'S COMPENSATION, WHICH THEN GOES TO THE BOARD OF DIRECTORS FOR APPROVAL. ALL DISCUSSIONS ON COMPENSATION ARE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE SESSION. SIMILAR PROCEDURES ARE ESTABLISHED FOR OTHER KEY EMPLOYEES AS WELL. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATIONS' GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE KEPT IN THE LIBRARIES AT EACH COMMUNITY. THEY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN NET ASSETS OF FOUNDATION 306,300. INCREASE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 30,678. WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 541949766 SUPPORTING ORGANIZATION DC 501(C)(3) LINE 12A, I WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER PRESBYTERIAN RETIREMENT COMMUNITY 12191 CLIPPER DRIVE NO 101 LAKE RIDGE VA 22192 521654803 RESIDENTIAL HEALTH CARE VA 501(C)(3) LINE 10 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 KING FARM PRESBYTERIAN RETIREMENT COMMUNITY 701 KING FARM BLVD ROCKVILLE MD 20850 202004162 RESIDENTIAL HEALTH CARE MD 501(C)(3) LINE 10 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER INGLESIDE KING FARM RETIREMENT COMMUNITIES INC 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 453825159 SUPPORTING ORGANIZATION DC 501(C)(3) LINE 12B, II N/A 0 INGLESIDE AT HOME LLC 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 474127765 HOME CARE SERVICES VA 501(C)(3) LINE 10 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 THE WESTMINSTER INGLESIDE GROUP LLC 2275 RESEARCH BLVD STE 450 ROCKVILLE MD 20850 474479605 MANAGEMENT SVC. DE N/A C 0 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0