2018-11-08T16:26:20-06:00 2017-12-31 593070669 MOORE STEPHENS LOVELACE PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2017-01-01 311671731 SKIDAWAY HEALTH AND LIVING SERVICES INC SKID 9125983601 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 THOMAS SAYERS TREASURER 9125983601 2018-11-08 1 KURT A ALTER CPA P00059492 4077405400 64.132.121.122 2018-11-08 09:00:59 ES P AA06F16595B971911646E1ABD4EF9FD1205D715B AA06F16595B971911646E1ABD4EF9FD1205D715B 2017 2018-06-14 16:35:46Z THOMAS SAYERS 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 17420272 0 X WWW.MARSHESOFSKIDAWAY.ORG X 1999 GA THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY-BASED NONPROFIT ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO PROVIDE RESIDENTS WITH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 13 13 321 32 0 0 0 0 15286057 14939868 -31223 216383 1514766 2230686 16769600 17386937 0 0 0 0 6135414 5907739 0 0 0 11526754 11388233 17662168 17295972 -892568 90965 86650266 85915731 133405868 132309449 -46755602 -46393718 X THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY-BASED NONPROFIT ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO PROVIDE RESIDENTS WITH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 0 0 8908554 11884245 THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY ("CCRC") OPERATING UNDER THE NAME "THE MARSHES OF SKIDAWAY ISLAND" (THE "COMMUNITY") AND OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO OCCUPANCY AGREEMENTS THAT REQUIRE PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THE COMMUNITY INCLUDES 182 INDEPENDENT LIVING UNITS, 178 OF WHICH WERE OCCUPIED AS OF DECEMBER 31, 2017. 1325761 1768600 THE COMMUNITY'S SKILLED NURSING FACILITY OFFERS 24-HOUR NURSING SERVICES VIA 23 SKILLED NURSING CARE BEDS. 833434 1111823 THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO RESIDENTS OF 21 ASSISTED LIVING UNITS. 1803477 2405886 OTHER SERVICES INCLUDE FOOD SERVICE, IN-HOME HEALTH CARE AND MEMORY CARE. 1803477 2405886 12871226 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 321 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X LORNA CARSWELL 9125985030 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 BARBARA M THIOS PRESIDENT 0.50 0.00 X X 0 0 0 MELISSA BOUCHILLON VICE PRESIDENT 0.50 0.00 X X 0 0 0 THOMAS SAYER TREASURER 0.50 0.00 X X 0 0 0 KIRBY MASON SECRETARY 0.50 0.00 X X 0 0 0 DR JAMES S GAINER JR MD MEMBER 0.50 0.00 X 0 0 0 DAVID GROSSE MEMBER 0.50 0.00 X 0 0 0 LOLA M KING RN-BSN MEMBER 0.50 0.00 X 0 0 0 MICHAEL D ROUTHIER CPA MEMBER 0.50 0.00 X 0 0 0 JAMES RUHL MEMBER 0.50 0.00 X 0 0 0 CHUCK KOEPKE MEMBER 0.50 0.00 X 0 0 0 VICKI WILSON MCELREATH MEMBER 0.50 0.00 X 0 0 0 BILL STERRITT MEMBER 0.50 0.00 X 0 0 0 RAMON MEGUIAR MEMBER 0.50 0.00 X 0 0 0 AMANDA ELLIOTT EXECUTIVE DIRECTOR 40.00 0.00 X 0 0 0 LORNA CARSWELL ACCOUNTING DIRECTOR 40.00 0.00 X 83531 0 10206 83531 0 10206 1 0 0 0 LIFE CARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT FEES 1150883 HEALTH PRO-HERITAGE LLC 536 OLD HOWELL RD GREENVILLE SC 29615 THERAPY CONTRACTOR 361501 GLYNN DEVINS INC 8880 WARD PARKWAY KANSAS CITY MO 64114 ADVERTISING 199610 ENGLISH LANDSCAPES PO BOX 959 BROOKLET GA 30415 LANDSCAPE MAINTENANCE 186992 SAVANNAH FLOOR COVERINGS 1215 E HIGHWAY 80 STE 300 SAVANNAH GA 31322 CONSTRUCTION 167951 7 MONTHLY SERVICE FEES 623000 10753553 10753553 SKILLED NURSING FACILI 623000 2880423 2880423 EARNED ENTRANCE FEES 623000 1130692 1130692 FOOD SERVICE 623000 175200 175200 14939868 153582 153582 60536 35600 0 33335 60536 2265 62801 62801 FUTURE SERVICES OBLIGA 623000 1947193 1947193 APARTMENT CUSTOMIZATIO 623000 224046 224046 OTHER INCOME 623000 59447 59447 2230686 17386937 17170554 0 216383 93737 93737 4910048 3858845 1051203 10055 10055 547636 428797 118839 346263 288963 57300 706600 706600 37417 37417 181987 46875 135112 216639 216639 654902 513221 141681 1240888 1236585 4303 49692 36606 13086 15483 15483 3091502 2300618 790884 3423779 2547890 875889 611572 455116 156456 FOOD SERVICE 667228 667228 NURSING AND ANCILLARY 490482 490482 CHARITABLE GIVING 62 62 17295972 12871226 4424746 0 1325205 1027680 9664192 11026880 537706 684277 93533 96931 209394 220496 95915018 32209534 65719197 63705484 3308326 3727895 5792713 5426088 86650266 85915731 2023078 1906494 4779000 2831807 41527715 41220911 85076075 86350237 133405868 132309449 X -46755602 -46393718 -46755602 -46393718 86650266 85915731 90965 270919 0 X X 0 1 X 1 0 X 13592685 14350641 14733444 15286057 14939868 72902695 13592685 14350641 14733444 15286057 14939868 72902695 0 0 0 72902695 2432 29542 82834 90541 153582 358931 2432 29542 82834 90541 153582 358931 83152 100228 114398 202877 59447 560102 13678269 14480411 14930676 15579475 15152897 73821728 0.98760 0.98930 0.00490 0.00290 X 3400000 3400000 88735867 29646063 59089804 3025432 2355865 669567 753719 207606 546113 63705484 DEPOSITS 3300 CAPITALIZED INITIAL RESIDENCY COSTS 90835 ASSETS WHOSE USE IS LIMITED 5331953 5426088 DEPOSITS 986698 REFUNDS PAYABLE 79375674 ENTRANCE FEE DEPOSITS 5987865 86350237 17657856 270919 270919 17386937 0 17386937 17295972 0 17295972 0 17295972 A SAVANNAH ECON DEV AUTH FIXED RATE FIRST MORT BONDS SERIES 2013 586001588 80483CLM1 2013-12-23 43855000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 A 985000 43153320 3421100 350000 39377401 2013 0 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 1 SCHEDULE K, PART I, LINE A, COL (C) SAVANNAH ECON. DEV. AUTH. FIXED RATE FIRST MORT. BONDS, SERIES 2013: THE CUSIP NUMBERS FOR THE SAVANNAH ECONOMIC DEVEVELOPMENT AUTHORITY FIXED RATE FIRST MORTGAGE BONDS, SERIES 2013 ARE AS FOLLOWS: 80483CLM1 (MATURITY DATE: 1/1/2049) 80483CLL3 (MATURITY DATE: 1/1/2044) 80483CLK5 (MATURITY DATE: 1/1/2038) 80483CLJ8 (MATURITY DATE: 1/1/2034) 80483CLH2 (MATURITY DATE: 1/1/2024) 80483CLG4 (MATURITY DATE: 1/1/2019) 80483CLE9 (MATURITY DATE: 1/1/2017) 80483CLD1 (MATURITY DATE: 1/1/2016) 80483CLC3 (MATURITY DATE: 1/1/2015) SCHEDULE K, PART II, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE: IN DECEMBER 2013, THE ORGANIZATION ISSUED THE SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY REFUNDING REVENUE BONDS, SERIES 2013 (THE "SERIES 2013 BONDS") IN THE AMOUNT OF $43,855,000. THE SERIES 2013 BONDS WERE ISSUED TO REFINANCE THE EXISTING SERIES 2003 BONDS, FUND REQUIRED RESERVES INCLUDING A CONSTRUCTION FUND, AND PAY FOR THE COST OF ISSUANCE. THE SERIES 2013 BONDS ARE COLLATERALIZED BY A MORTGAGE ON THE ORGANIZATION'S PROPERTY; A SECURITY INTEREST IN THE PERSONAL PROPERTY, EQUIPMENT, AND FIXTURES INCLUDED IN THE COMMUNITY; AND A SECURITY INTEREST IN THE GROSS REVENUES OF THE ORGANIZATION. THE ORGANIZATION MUST ALSO COMPLY WITH CERTAIN RESTRICTIVE AND FINANCIAL COVENANTS, INCLUDING A DEBT SERVICE COVERAGE RATIO AND A DAYS CASH ON HAND REQUIREMENT. THE ORGANIZATION WAS IN COMPLIANCE AT DECEMBER 31, 2017. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A MANAGEMENT COMPANY, LIFE CARE SERVICES LLC (LCS), TO MANAGE THE DAY-TO-DAY OPERATIONS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES, DIRECTIVES, AND GOALS. THE EXECUTIVE DIRECTOR OF THE HEALTH CARE CENTER IS A LCS EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN ITS ENTIRETY BY THE CHAIR OF THE FINANCE COMMITTEE BEFORE IT IS FILED WITH THE IRS. A COPY OF THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHENEVER A CONFLICT IS IDENTIFIED THROUGH THE ANNUAL DISCLOSURE PROCESS. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS RESTS IN THEIR DISCRETION, AND THEIR CONCERN IS THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT MANAGEMENT COMPANY AND DOES NOT DIRECTLY PAY COMPENSATION TO THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS, OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND FOR REVIEW IN ITS OFFICE. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDIT: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GENERAL DISCLOSURE: SOCIAL ACCOUNTABILITY THE ORGANIZATION PROVIDES VARIOUS OPPORTUNITIES TO IMPROVE THE LIVES OF THE SENIORS IN THE AREA AND TO GIVE BACK TO THE COMMUNITY IN WHICH THE ORGANIZATION SERVES. THE ORGANIZATION AND ITS EMPLOYEES SUPPORT A VARIETY OF LOCAL CHARITIES THROUGH BOTH MONETARY AND NONCASH ITEM CONTRIBUTIONS. ACTIVITY PERFORMED THROUGHOUT THE REPORTING YEAR INCLUDES: 1) PROVIDED AND SERVED LUNCH TO CHILDREN AT FRESH AIR HOME SUMMER CAMP 2) ORGANIZED WALK TO END ALZHEIMER'S 3) DONATED 365 POUNDS OF FOOD TO AMERICA'S SECOND HARVEST 4) ORGANIZED PER PARADE TO RAISE FUNDS FOR HUMANE SOCIETY AND DONATED 1 WHEELCHAIR, 2 ROLLATORS AND FURNITURE TO HUMANE SOCIETY 5) TEDDY BEAR DONATION FOR THE SALVATION ARMY. 6) ORGANIZED WINE, WOMEN AND SHOES EVENT TO RAISE MONEY FOR RONALD MCDONALD HOUSE CHARITIES 7) CAR WASHES TO RAISE MONEY FOR SUSAN G. COMEN FOUNDATION 8) DONATED 7 CHANDELIERS AND 3 LIGHT FIXTURES TO HABITAT FOR HUMANITY 9) PROVIDED DINNER FOR 8 TO MOBILITY FOR AMERICA 10) ORGANIZED GALA EVENT FOR SAFE SHELTER CHARITY MONETARY DONATIONS WERE PROVIDED TO THE FOLLOWING: 1) AMERICAN HEART ASSOCIATION. 2) AMERICAN DIABETES ASSOCIATION. 3) AMERICA'S SECOND HARVEST. 4) ALZHEIMER'S ASSOCIATION. 5) SALVATION ARMY. 6) HARDSHIP FUND. 7) HUMANE SOCIETY. 8) MOVEMENT DISORDERS PROGRAM. 9) SAFE SHELTER CHAIRITY. 10) SKIDAWAY ISLAND UNITED METHODIST CHURCH. 11) SAVANNAH MORNING NEWS EMPTY STOCKING FUND. 12) ST. JOSEPH'S/CANDLER FOUNDATION. 13) LEUKEMIA & LYMPHOMA SOCIETY. 14) ST. LUKE'S CHURCH. 15) SENIOR CITIZENS, INC. 16) SKIDAWAY ISLAND PRESBYTERIAN CHURCH. 17) PATRIOTS POINT FOUNDATION. 18) RONALD MCDONALD HOUSE CHARITIES. 19) SUSAN G. KOMEN. 20) ST. JAMES CATHOLIC CHURCH. 21) HABITAT FOR HUMANITY. 22) MARSHES ENDOWMENT FUND. 23) MOBILITY FOR AMERICA. TOTAL MONETARY VALUE PROVIDED TO THE COMMUNITY EQUALS OVER $22,481. OVER 1,020 INDIVIDUALS WERE SERVED WITH THE ABOVE CHARITABLE ACTIVITIES.