2018-05-15T12:41:49-05:00 2017-06-30 381357951 PLANTE & MORAN PLLC 750 Trade Centre Way Ste 300 Portage MI 49002 990 2016-07-01 386141735 PORTER HILLS PRESBYTERIAN VILLAGE PORT 6169494975 4450 CASCADE ROAD GRAND RAPIDS MI 49564 CRAIG VANDENBOS DIRECTOR OF FINANCE 6169541799 2018-05-14 1 Carol LaLonde CPA P00181637 2695674500 2018-05-14 2016 2022-09-23 18:48:47Z KIM HOPPE 4450 CASCADE ROAD GRAND RAPIDS MI 49564 34449886 0 X WWW.PORTERHILLS.ORG X 1970 MI ASSISTED LIVING, NURSING CARE, AND INDEPENDENT LIVING FOR THE ELDERLY 12 12 672 212 0 0 692027 0 34042480 34372943 21854 -94602 0 0 34756361 34278341 0 0 0 0 15849012 15243600 0 0 0 19641952 20866804 35490964 36110404 -734603 -1832063 73822409 71118041 102064266 99725361 -28241857 -28607320 TO PROVIDE A CONTINUUM OF HIGH QUALITY COMMUNITIES AND SERVICES FOR OLDER ADULTS IN ACCORDANCE WITH CHRISTIAN VALUES. 0 0 14150876 34372943 ASSISTED LIVING, NURSING CARE, AND INDEPENDENT LIVING FACILITY FOR THE ELDERLY. TOTAL DAYS OF CARE IN 2016-2017 WAS 178,420. 14150876 1 0 0 1 0 0 0 0 0 0 1 0 0 1 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 1 0 0 1 15 0 1 672 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 0 1 1 1 1 1 1 1 0 MI X CRAIG VANDENBOS 6169541799 4450 CASCADE ROAD GRAND RAPIDS MI 49546 CYNTHIA A HAVARD CHAIR 2.00 0.00 X X 0 0 0 JOSEPH A STOJAK TREASURER 2.00 0.00 X X 0 0 0 JANE L TOOT SECRETARY 2.00 0.00 X X 0 0 0 MARK YOST IMMEDIATE PAST CHAIR 2.00 0.00 X X 0 0 0 WILLIAM S LAWRENCE III VICE CHAIR - PART YEAR 2.00 0.00 X X 0 0 0 MARTHA A BLANDFORD DIRECTOR 1.00 0.00 X 0 0 0 SHARON M BUURSMA DIRECTOR 1.00 0.00 X 0 0 0 ROBERT W DAVERMAN DIRECTOR 1.00 0.00 X 0 0 0 CAROL L HUBBARD DIRECTOR 1.00 0.00 X 0 0 0 PAM KIDD DIRECTOR 1.00 0.00 X 0 0 0 THOMAS W SMALL DIRECTOR 1.00 0.00 X 0 0 0 MARY WAGNER DIRECTOR 1.00 0.00 X 0 0 0 JAMES C WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 HARRY BAXTER III DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 JON E PIKE DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 LARRY YACHCIK CEO 24.00 16.00 X 393539 0 22107 KIM HOPPE VP OF FINANCE 50.00 0.00 X 100165 0 1847 Reed Vander slik CFO - PART YEAR 50.00 0.00 X 227053 0 19854 NICOLE MAAG VP OF RESIDENTIAL SERVICES 50.00 0.00 X 144312 0 18241 CRAIG VANDENBOS DIRECTOR OF FINANCE 50.00 0.00 X 140124 0 9397 RHONDA DORNBOS VP OF CLINICAL SERVICES 50.00 0.00 X 125961 0 16162 TERESA TOLAND CEO OF TANDEM365 50.00 0.00 X 135969 0 3579 PAUL BABCOCK IT DIRECTOR 50.00 0.00 X 130000 0 1663 1397123 0 92850 9 0 1 0 CREATIVE DINING SERVICES ONE ROYAL DRIVE STE 3 ZEELAND MI 49464 FOOD SERVICE CONTRACTOR 1203398 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD STE 200 KNOXVILLE TN 37932 THERAPY 560602 TRIVALENT GROUP INC 3145 PRAIRIE STREET SW STE 101 GRANDVILLE MI 49418 IT CONSULTANT-CONTRACTOR 349713 VERHEY CARPETS 1113 WEALTHY ST SE GRAND RAPIDS MI 49506 FLOORING & OTHER REFURB WORK 347069 PROCARE 675 CLYDE CT BYRON CENTER MI 49315 GROUND MAINTENANCE 321222 32 NET PROGRAM SERVICES 623990 18633433 18633433 OTHER PROGRAM REVENUE 623990 10471035 10471035 MAINTENANCE FEES 900099 2754371 2754371 LIFE LEASE INCOME 623990 2514104 2514104 34372943 11557 11557 65386 171545 -106159 -106159 -106159 34278341 34372943 0 -94602 723320 723320 11599009 139143 11459866 164166 150809 13357 1530418 1517186 13232 1226687 1226687 122403 122403 14571 14571 226 226 127749 127455 294 3601729 158197 3443532 189215 189215 3763905 416589 3347316 17197 17197 1324074 1278702 45372 103792 103792 187821 187821 2254520 2254520 4541005 4541005 205293 205293 RESIDENT CARE 1273062 1188421 84641 REPAIRS & MAINTENANCE 814281 814281 BAD DEBT EXPENSE 630668 630668 DUES AND SUBSCRIPTIONS 134357 134357 1560936 203524 1357412 36110404 14150876 21959528 0 231743 42790 1860556 1249026 5003583 814441 251020 152064 126042342 68999226 59700221 57043116 1079334 2793445 5695952 9023159 73822409 71118041 6652469 3304523 16435129 17088932 50942136 51205767 778458 809701 27256074 27316438 102064266 99725361 X -28241857 -28607320 -28241857 -28607320 73822409 71118041 X -1832063 1466600 X X 0 1 X 1 0 X 585414 951334 953035 692027 3181810 29211044 34206588 36503865 34042480 34372943 168336920 29796458 35157922 37456900 34734507 34372943 171518730 0 432496 724215 61821 435747 1654279 432496 724215 61821 435747 1654279 169864451 443506 343557 255454 21854 11557 1075928 443506 343557 255454 21854 11557 1075928 30239964 35501479 37712354 34756361 34384500 172594658 0.98420 0.97170 0.00620 0.01050 X 0 0 0 0 0 0 0 0 1 226 226 0 Part II-B, Line 1: PORTER HILLS PAYS A MEMBERSHIP FEE TO LEADING AGE SERVICES OF MICHIGAN AND PART OF THOSE MEMBERSHIP FEES ARE USED TO LOBBY. 5188276 5188276 88856317 44349719 44506598 2919928 2546137 373791 26970566 22103370 4867196 2107255 2107255 57043116 DUE FROM AFFILIATES 6683698 OTHER NON-CURRENT ASSETS 2339461 9023159 REFUNDABLE ADVANCES ON LIFE LEASES 24260684 FAIR VALUE INTEREST RATE SWAP AGREEMENTS 2786383 ESTIMATED THIRD-PARTY PAYOR SETTLEMENTS 103338 OTHER LONG TERM LIABILITIES 166033 27316438 X 1 1 X X X X 0 1 0 0 0 0 0 1 0 LARRY YACHCIK CEO 311539 0 75000 0 7000 0 8025 0 14082 0 415646 0 0 0 Reed Vander slik CFO - PART YEAR 198396 0 28657 0 0 0 4555 0 15299 0 246907 0 0 0 NICOLE MAAG VP OF RESIDENTIAL SERVICES 126312 0 18000 0 0 0 2891 0 15350 0 162553 0 0 0 Part I, Line 1a PORTER HILLS PRESBYTERIAN VILLAGE PAYS A COUNTRY CLUB FEE OF $4,053 FOR THE PRESIDENT OF THE COMPANY. Part I, Line 4b THE PRESIDENT OF PORTER HILLS PRESBYTERIAN VILLAGE PARTICIPATES IN A 457 PLAN. $15,000 WAS THE EMPLOYER'S CONTRIBUTION INTO THE PLAN. Part I, Line 7 PART OF THE COMPENSATION IS VARIABLE AND AT THE DISCRETION OF THE BOARD OF DIRECTORS A THE ECONOMIC DEVELOPMENT CORPORATION OF THE CHARTER TOWNSHIP OF GRAND RAPID 386005448 2013-11-05 34285043 SEE PART VI 0 0 0 B MICHIGAN STRATEGIC FUND 521417332 2013-11-05 17574957 SEE PART VI 0 0 0 C THE ECONOMIC DEVELOPMENT CORPORATION OF THE CHARTER TOWNSHIP OF GRAND RAPID 386005448 2014-06-27 10000000 SEE PART VI 0 0 0 A 34285043 236146 34285043 2014 1 0 1 1 B 17574957 120854 17574957 2014 1 0 1 1 C 10000000 10000000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 0 0 0 0 A 0 B 0 C 0 SCHEDULE K, PART I, LINE A, COLUMN F: REFINANCE INTERIM TAXABLE FACILITY WHICH CLOSED ON 09/30/2013, THE PROCEEDS OF WHICH FINANCED THE OPTIONAL REDEMPTION OF REFUNDED BONDS WITH THE LAST CALL DATE OF 11/01/2013. SCHEDULE K, PART I, LINE B, COLUMN F: REFINANCE INTERIM TAXABLE FACILITY WHICH CLOSED ON 09/30/2013, THE PROCEEDS OF WHICH FINANCED THE OPTIONAL REDEMPTION OF REFUNDED BONDS WITH THE LAST CALL DATE OF 11/01/2013. SCHEDULE K, PART I, LINE C, COLUMN F: THE PROCEEDS FINANCED THE PARTIAL OPTIONAL REDEMPTION OF THE BONDS DESCRIBED IN LINE "A" ABOVE AND PROVIDED ADDITIONAL FUNDING FOR THE PURCHASE OF PROPERTY AND EQUIPMENT. SCHEDULE K, PART II, LINE 7, COLUMN C: NONE OF THE BOND PROCEEDS WERE USED TO PAY FOR THE BOND ISSUANCE COST. Form 990, Part VI, Section A, line 6 WESTMINSTER PRESBYTERIAN CHURCH IS THE SOLE MEMBER OF PORTER HILLS PRESBYTERIAN VILLAGE. Form 990, Part VI, Section A, line 7a WESTMINSTER PRESBYTERIAN CHURCH CAN ELECT BOARD MEMBERS TO PORTER HILLS PRESBYTERIAN VILLAGE. Form 990, Part VI, Section A, line 7b THE SLATE OF PORTER HILLS PRESBYTERIAN VILLAGE BOARD MEMBERS NEEDS APPROVAL BY WESTMINSTER CHURCH'S BOARD OF DIRECTORS. Form 990, Part VI, Section B, line 11b A COPY OF THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR OF FINANCIAL AND CORPORATE SERVICES AND THE SENIOR VP OF FINANCIAL AND CORPORATE SERVICES PRIOR TO FILING THE RETURN. Form 990, Part VI, Section B, line 12c OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE WHETHER OR NOT THEY HAVE ANY INTEREST THAT MAY RESULT IN A CONFLICT. THE FORM WHICH THEY SIGN REQUIRES THEM TO PROMPTLY REPORT ANY POSSIBLE EXSISTENCE OF A CONFLICT OF INTEREST FOR THEMSELVES OR ANYONE ELSE SUBJECT TO THE POLICY. IF A POSSIBLE CONFLICT WAS REPORTED ON THE ANNUAL FORM OR IF NOTICE WAS GIVEN AFTER THE ANNUAL DISCLOSURE, THE INFORMATION DISCLOSED WOULD BE EVALUATED AND IF NECESSARY, COMPLIANCE WOULD BE ENFORCED. Form 990, Part VI, Section B, line 15 FOR EXECUTIVE COMPENSATION A MINIMUM OF THREE SOURCES ARE USED. EACH SOURCE IS A THIRD PARTY ORGANIZATION SPECIALIZING IN COMPENSATION IN THE WEST MICHIGAN AREA. THE INFORMATION IS THEN COMPILED BY THE HR DEPARTMENT AND USED TO MAKE A RECOMMENDATION ON THE SALARY FOR EACH PERSON. THE RECOMMENDATION IS REVIEWED AND APPROVED BY AN INDEPENDENT PERSON. Form 990, Part VI, Section C, line 19 THE FINANCIALS AND FORM 990 ARE AVAILABLE UPON REQUEST. Form 990, Part XI, line 9: Change in Fair Value of Interest Rate Swap 2,552,197. Unrealized loss on Joint Ventures -29,094. TRANSFER TO AFFILIATES -1,056,503. FORM 990, PART XII LINE 2C THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED. PORTER HILLS FOUNDATION 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383243846 SUPPORTING ORGANIZATION MI 501(c)(3) Line 12a, I PORTER HILLS PRESBYTERIAN INC 1 MEADOWLARK RETIREMENT HOME 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383373281 RETIREMENT HOME MI 501(c)(3) Line 7 N/A 1 WALKER MEADOW RETIREMENT 1101 WILSON AVE GRAND RAPIDS MI 49534 383283760 RETIREMENT HOME MI 501(c)(3) Line 7 N/A 0 OAK RIDGE RETIREMENT 3781 GIDDINGS GRAND RAPIDS MI 49508 383382610 RETIREMENT HOME MI 501(c)(3) Line 7 N/A 0 HARVEST WAY RETIREMENT 100 IDA ROAD SPARTA MI 49345 383445251 RETIREMENT COMMUNITY MI 501(c)(3) Line 7 N/A 0 RIVER GROVE RETIREMENT 5761 JUPITER AVE BELMONT MI 49306 383519530 RETIREMENT COMMUNITY MI 501(c)(3) Line 7 N/A 0 BAILEYS GROVE RETIREMENT COMMUNITY 5252 BAILEYS CENTER KENTWOOD MI 49512 383643825 RETIREMENT COMMUNITY MI 501(c)(3) Line 7 N/A 0 STATION CREEK RETIREMENT COMMUNITY 10010 CROSSROAD COURT CALEDONIA MI 49316 200771871 RETIREMENT COMMUNITY MI 501(c)(3) Line 7 N/A 0 LIFE CIRCLES 560 SEMINOLE ROAD MUSKEGON MI 49444 260170498 PACE PROGRAM MI 501(c)(3) Line 10 N/A 1 PORTER HILLS HOME HEALTH EAST 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383358620 PRIVATE DUTY AND TRANSPORTATION COMPANY MI 501(c)(3) Line 10 N/A 1 PORTER HILLS AT HOME 4450 CASCADE ROAD GRAND RAPIDS MI 49546 453469541 HOME CARE MI 501(c)(3) Line 10 N/A 1 MARYWOOD HEALTH CENTER 111 LAKESIDE DRIVE NE GRAND RAPIDS MI 49503 455553307 HEALTH AND REHABILITATION FACILITY MI 501(c)(3) Line 7 N/A 0 PORTER HILLS HOME HEALTH WEST 4450 CASCADE ROAD SE STE 200 GRAND RAPIDS MI 49546 383384372 CERTIFIED HOME HEALTH MI 501(c)(3) Line 10 N/A 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 LIFE CIRCLES L 695004 ALLOCATION OF COST