2018-07-23T10:15:19-05:00 2017-12-31 520547375 MCLEAN KOEHLER SPARKS & HAMMOND 201 INTERNATIONAL CIRCLE SUITE 230 HUNT VALLEY MD 21030 990 2017-01-01 520591603 GENERAL GERMAN AGED PEOPLES HOME OF BALTIMORE GENE 4103396000 800 SOUTHERLY ROAD TOWSON MD 21286 F CARVEL PAYNE INTERIM PRESIDENT 4103366000 2018-07-19 1 PAUL M STECKEL CPA P00168979 4102966200 2017 2022-09-23 18:48:47Z EDENWALD F CARVEL PAYNE 800 SOUTHERLY ROAD TOWSON MD 21286 59642109 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 2017, EDENWALD PROVIDED ASSISTANCE OF $282,266 TO 12 RESIDENTS OF THE FACILITY. 15 15 529 0 0 0 338172 169326 24389557 23997231 1380294 2580932 0 0 26108023 26747489 265785 282266 0 0 13628478 14002252 0 0 0 12375496 13530549 26269759 27815067 -161736 -1067578 120041966 118077792 129206621 126708728 -9164655 -8630936 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 2017, EDENWALD PROVIDED ASSISTANCE OF $282,266 TO 12 RESIDENTS OF THE FACILITY. 0 0 7253241 282266 17043975 RESIDENTS' SERVICES 8384350 3101216 ASSISTED LIVING AND COMPREHENSIVE CARE 6816115 3112715 HOUSEKEEPING, LAUNDRY & DIETARY 2274773 PROPERTY OPERATIONS & MAINTENANCE 2274773 24728479 1 0 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 66 0 1 529 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X KEN BULLOCK 4103396013 800 SOUTHERLY ROAD TOWSON MD 21286 LAWRENCE S COOK DIRECTOR 0.00 X 0 0 0 ANNE T GARRETT DIRECTOR 0.00 X 0 0 0 WILLIAM L HERMANN DIRECTOR/TREASURER 0.00 X X 0 0 0 ADELE DERBY 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 F CARVEL PAYNE DIRECTOR/SECRETARY 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 0.00 X 0 0 0 S NELSON WEEKS DIRECTOR 0.00 X 0 0 0 VINCENT P NESLINE DIRECTOR 0.00 X 0 0 0 SALVATORE MOLITE JR PRESIDENT 40.00 X 307301 0 23880 MICHELLE ROSENHEIM VICE PRESIDENT 40.00 X 130426 0 8336 KENNETH L BULLOCK SENIOR VICE PRESIDENT FINA 40.00 X 177373 0 18653 DIANE L STINCHCOMB DIRECTOR SALES 40.00 X 128268 0 9669 743368 0 60538 4 0 1 0 REESE LOWER PATRICK & SCOTT LTD 250 VALLEYBROOK DRIVE LANCASTER PA 17601 ARCHITECTURAL DESIGN 114997 1 169326 169326 SERVICE FEES 623000 17778871 17778871 ENTRANCE FEES 623000 5479035 5479035 OTHER INCOME 623000 452728 452728 NONRESIDENT FOOD SERVICE 623000 286597 286597 23997231 536293 536293 34939259 32894620 2044639 2044639 2044639 26747489 23997231 0 2580932 282266 282266 743368 665665 77703 11112407 9950841 1161566 2146477 1915575 230902 104334 104334 166048 166048 793453 747565 45888 56678 17250 39428 1944829 1944829 4554917 4554917 663628 1239 662389 FOOD 2026615 2024854 1761 UTILITIES 1071246 1071246 MAINTENANCE BUILDING 550777 550777 REAL ESTATE TAXES 451169 435778 15391 1146855 461343 685512 27815067 24728479 3086588 0 1136098 1223222 286152 98180 4972078 3808588 125137310 53530752 71869257 71606558 21524351 20809335 19843085 20058866 410945 473043 120041966 118077792 3063645 3201377 44775131 45618170 52290495 49784441 29077350 28104740 129206621 126708728 X -12545319 -12444210 3380664 3813274 -9164655 -8630936 120041966 118077792 -1067578 1601297 0 X X 0 1 X 1 0 X 290837 193312 403187 338172 169326 1394834 21858257 23036541 24816079 25519039 26041870 121271786 22149094 23229853 25219266 25857211 26211196 122666620 0 0 0 122666620 353176 483285 518976 932276 536293 2824006 353176 483285 518976 932276 536293 2824006 22502270 23713138 25738242 26789487 26747489 125490626 0.97750 0.97640 0.02250 0.02360 X 3 93678 7385461 0 0 1523380 1523380 113932361 45224691 68707670 8931768 7633499 1298269 749801 672562 77239 71606558 MORTGAGES 106167 F CASH AND CASH EQUIVALENTS 4514457 F REAL ESTATE INVESTMENTS 1745500 C ACCRUED INCOME 21425 F MUTUAL FUNDS 2389548 F GOVERNMENT BONDS 11281769 F 20058866 DEPOSITS FROM PROSPECTIVE CLIENTS 205584 REFUNDABLE ENTRANCE FEES 27899156 28104740 X 28066520 1601297 1601297 26465223 282266 282266 26747489 27532801 0 27532801 282266 282266 27815067 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, 2017 AND 2016 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 2014. 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 2 282,266. 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 2 282,266. 1 RENT SUBSIDIES 12 282266 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 VICE PRESIDENT OF FINANCE. 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 SALVATORE MOLITE JR PRESIDENT 307301 0 0 0 0 0 13476 0 10404 0 331181 0 0 0 KENNETH L BULLOCK SENIOR VICE PRESIDENT FINA 177373 0 0 0 0 0 8249 0 10404 0 196026 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 SALVATORE MOLITE JR OFFICER MORTGAGE X 256270 106167 0 1 1 106167 FRANK AND SALLY KNECHT SALLY KNECHT IS A FORMER BOARD MEMBER AND FRANK KNECHT IS HER HUSBAND 62340 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 2017, THEY PAID FEES OF $62,340 FOR THE YEAR. 0 GUNTHER AND JOAN WERTHEIMER GUNTHER AND JOAN WERTHEIMER ARE PARENTS OF BOARD MEMBER DEBRA WERTHEIMER 80400 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. IN 2017, THEY PAID FEES OF $80,400 FOR THE YEAR. 0 JOHN AND BARBARA DITTO JOHN DITTO IS A FORMER BOARD MEMBER AND BARBARA DITTO IS HIS WIFE 62340 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 2017, THEY PAID FEES OF $62,340 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 XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE AUDIT. THE BOARD OF DIRECTORS APPROVE THE AUDITORS. THERE AS BEEN NO CHANGE IN THE PROCESS OF THE OVERSIGHT OF THE FINANCIALS.