2017-11-03T13:23:25-05:00 2016-12-31 381357951 PLANTE & MORAN PLLC 250 S High St Suite 100 Columbus OH 43215 990 2016-01-01 610597708 KENTON HOUSING INC KENT 8594312244 4250 GLENN AVENUE LATONIA KY 410151641 LONDA KNOLLMAN EXECUTIVE DIRECTOR 8594312244 2017-08-23 1 Bernie Ostrowski P00366367 6148493000 2017-08-23 67.59.56.33 2017-08-23 10:07:14 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F51046F0BD5714FDBFEEE435C204D6AFFC186FF5 2016 2018-03-14 21:41:22Z ROSEDALE GREEN LONDA KNOLLMAN 4250 GLENN AVENUE LATONIA KY 410151641 20948269 0 X WWW.ROSEDALEGREEN.ORG X 1962 KY PROVIDE CARE FOR RESIDENTS THAT HONORS THEIR PAST, ENRICHES THEIR PRESENT AND EMPOWERS THEIR FUTURE. 14 14 456 150 0 0 3730 2643 17548203 17407052 131954 287486 32555 24594 17716442 17721775 0 0 0 0 11008904 11459238 0 0 0 5555583 5674600 16564487 17133838 1151955 587937 66636089 68233218 50621132 51186481 16014957 17046737 PROVIDE A COMMUNITY OF CARE FOR RESIDENTS THAT HONORS THEIR PAST, ENRICHES THEIR PRESENT AND EMPOWERS THEIR FUTURE. 0 0 15052801 0 17409759 TO PROVIDE A COMMUNITY OF CARE FOR RESIDENTS THAT HONORS THEIR PAST, ENRICHES THEIR PRESENT, AND EMPOWERS THEIR FUTURE. OUR SERVICES INCLUDE SHORT TERM REHAB, SKILLED CARE, LONG TERM CARE, PALLIATIVE CARE AND DEMENTIA CARE. AS A NOT-FOR-PROFIT FACILITY WE ARE ABLE TO STAY FOCUSED ON OUR MISSION WITHOUT REGARD TO FINANCIAL STATUS OF POTENTIAL AND CURRENT RESIDENTS. A COMMITMENT TO THIS APPROACH IS EVIDENCED BY THE FACT THAT FOR 2016 WE PROVIDED APPROXIMATELY $2.3 MILLION IN CHARITABLE CARE. 15052801 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 456 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LONDA KNOLLMAN 8594312244 4250 GLENN AVENUE COVINGTON KY 41015 GENE WEAVER BOARD CHAIRMAN 2.00 X X 0 0 0 KELLY SIMMONS VICE CHAIR 2.00 X X 0 0 0 STEVE WOLNITZEK TREASURER 2.00 X X 0 0 0 JERRY NEUHAUS SECRETARY 2.00 X X 0 0 0 MIKE HEMMER BOARD MEMBER 2.00 X 0 0 0 BONNIE HALDERMAN BOARD MEMBER 2.00 X 0 0 0 DR JOHN ELDRIDGE BOARD MEMBER 2.00 X 0 0 0 JAMES TITUS BOARD MEMBER 2.00 X 0 0 0 DR MARK MIDDENDORF BOARD MEMBER 2.00 X 0 0 0 NICHOLAS ZIEGLER BOARD MEMBER 2.00 X 0 0 0 JEFF SEWELL BOARD MEMBER 2.00 X 0 0 0 TOM SHOMAKER BOARD MEMBER 2.00 X 0 0 0 JOSEPH BOZZELLI BOARD MEMBER 2.00 X 0 0 0 ED FRITZ BOARD MEMBER 2.00 X 0 0 0 LONDA KNOLLMAN EXECUTIVE DIRECTOR 40.00 X 208256 0 28907 DAVID BOYER CFO 40.00 X 124205 0 28907 TINA CROUCH DIRECTOR OF NURSING 40.00 X 111378 0 28802 BRAD STANFORD ASSISTANT ADMINISTRATOR 40.00 X 121643 0 28907 565482 0 115523 4 0 1 0 REHABCARE 7733 FORSYTH BLVD ST LOUIS MO 63105 REHAB SERVICES 968491 PRN SERVICES 3126 DIXIE HIGHWAY ERLANGER KY 41018 AGENCY NURSING STAFF 524700 CARE HERE LLC 5141 VIRGINIA WAY BRENTWOOD TN 37027 MEDICAL CLINIC SERVICES FOR EMPLOYEES 109235 3 2643 2643 ROOM REIMBURSEMENT 623000 17407052 17407052 17407052 250324 250324 3263656 3226494 37162 37162 37162 MEALS 900099 13061 13061 Vending Income 900099 5655 5655 BARBER/BEAUTY 900099 3171 3171 2707 2707 24594 17721775 17409759 0 309373 390275 390275 8818735 8310477 508258 1628190 1426040 202150 622038 586188 35850 30140 30140 62821 62821 49802 49802 1183333 1005334 177999 15028 15028 496967 388001 108966 81061 81061 956915 956915 460659 460659 189473 189473 MEDICAL SUPPLIES 885514 885514 RAW FOOD 489730 489730 BAD DEBT EXPENSE 479765 479765 PROVIDER TAX 256441 256441 36951 14376 22575 17133838 15052801 2081037 0 1089942 712125 2623550 2976174 161962 157344 41082490 4717097 15161211 36365393 9456646 11635937 38142778 16386245 66636089 68233218 1758395 3618656 48862737 47567825 50621132 51186481 X 16014957 17046737 16014957 17046737 66636089 68233218 587937 443843 0 X X 0 1 X 1 0 X 6603 1025 3730 2643 14001 15641992 16404143 17364191 17551772 17409759 84371857 39794 34330 28986 21887 124997 15641992 16450540 17399546 17584488 17434289 84510855 0 0 0 84510855 182258 175177 194615 4124 250324 806498 182258 175177 194615 4124 250324 806498 15824250 16625717 17594161 17588612 17684613 85317353 0.99050 0.99120 0.00950 0.00880 X 1 3774 3774 0 Part II-B, Line 1: MEMBERSHIP DUES IN THE AMOUNT OF $10,528 WERE PAID TO KENTUCKY ASSOCIATION OF HEALTH CARE FACILITIES, OF WHICH $2,744 RELATES TO LOBBYING ACTIVITIES. MEMBERSHIP DUES IN THE AMOUNT OF $4,120 WERE PAID TO ACHA, OF WHICH $1,030 RELATES TO LOBBYING ACTIVITIES. 2184383 2184383 10372214 3390047 6982167 1161876 923489 238387 27364017 403561 26960456 36365393 Operating Rights 1034366 ASSETS LIMITED TO USE 15351879 16386245 18165618 443843 443843 17721775 0 17721775 17133838 0 17133838 0 17133838 X X X X 0 0 0 0 0 0 0 0 0 LONDA KNOLLMAN EXECUTIVE DIRECTOR 158254 0 25000 0 25002 0 0 0 28907 0 237163 0 0 0 DAVID BOYER CFO 114205 0 10000 0 0 0 0 0 28907 0 153112 0 0 0 BRAD STANFORD ASSISTANT ADMINISTRATOR 106643 0 15000 0 0 0 0 0 28907 0 150550 0 0 0 Part I, Line 3 ROSEDALE GREEN'S EXECUTIVE DIRECTOR'S COMPENSATION IS ADMINISTERED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM. THE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD, AS APPROPRIATE. A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITION UTILIZING INDUSTRY-SPECIFIC REPORTS AND OTHER STUDIES. THE COMMITTEE ALSO REVIEWS THE COMPENSATION REPORTED ON OTHER FORMS 990 OF COMPARABLE ORGANIZATIONS. THE COMMITTEE MEETS INDEPENDENT OF THE EXECUTIVE DIRECTOR TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION. DURING THESE DELIBERATIONS, THE COMMITTEE ALSO CONSIDERS INPUT OBTAINED FROM OTHER BOARD MEMBERS, STAFF, AND PROFESSIONAL ADVISORS. ONCE A CONSENSUS IS REACHED REGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO ANNUAL BENCHMARK AND ESTABLISHED OBJECTIVES. THE COMMITTEE PRESENTS ITS FINDINGS AND RECOMMENDATIONS, IN AN EXECUTIVE SESSION WITHOUT THE EXECUTIVE DIRECTOR PRESENT, TO THE FULL BOARD FOR REVIEW AND APPROVAL. THE COMMITTEE AND/OR THE BOARD CHAIR (A MEMBER OF THE COMMITTEE) THEN MEET WITH THE EXECUTIVE DIRECTOR TO DISCUSS AND DOCUMENT STRENGTHS, WEAKNESSES, AND GOALS FOR THE UPCOMING YEAR. COMPENSATION FOR THE UPCOMING YEAR IS ALSO DISCUSSED AND DOCUMENTED. A KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY 610600439 49126TAU6 2015-10-28 48862737 SEE SUPPLEMENTAL INFORMATION 0 0 0 A 49091577 3319090 2690497 6238681 977254 24050383 10000 2210905 2017 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART I, LINE A, COLUMN F: (A) CONSTRUCT, EQUIP AND INSTALL NEW HEALTHCARE AND HEALTH-RELATED FACILITIES AT THE ORGANIZATION'S EXISTING CAMPUS IN COVINGTON, KY; (B) CURRENTLY REFUND THE ORGANIZATION'S SERIES 2008 BONDS, WHICH WERE ISSUED TO ACQUIRE, CONSTRUCT, EQUIP AND INSTALL HEALTHCARE AND HEALTH-RELATED FACILITIES AT THE ORGANIZATION'S EXISTING CAMPUS IN COVINGTON, KY; AND (C) CURRENTLY REFUND THE ORGANIZATION'S LINE OF CREDIT WHICH WAS USED TO CONTRUCT HEALTHCARE AND HEALTH-RELATED FACILITIES, INCLUDING LAND ACQUISTION, AT THE ORGANIZATION'S CAMPUS ON TURKEY FOOT ROAD IN KENTON COUNTY, KY. PART II, LINE 3: TOTAL PROCEEDS OF ISSUE OF $49,091,577 ARE SALE PROCEEDS OF $48,862,737 PLUS AGGREGATE INVESTMENT PROCEEDS OF $228,840 (COMPRISED OF $32,513 OF INVESTMENT PROCEEDS ON INTEREST FUND PLUS $22,805 OF INVESTMENT PROCEEDS ON DEBT SERVICE RESERVE FUND PLUS $173,522 OF INVESTMENT PROCEEDS ON PROJECT FUND). PART II, LINE 6: THE CURRENT REFUNDING ESCROW WAS EXPENDED ON NOVEMBER 19, 2015. PART II, LINE 10: CAPITAL EXPENDITURES FROM PROCEEDS OF $24,050,383 ARE COMPRISED OF REIMBURSED CAPITAL EXPENDITURES AT CLOSING OF $3,119,039, PAYING OFF A TAXABLE LINE OF CREDIT OF $880,774 THAT FINANCED CAPITAL EXPENDITURES AND CAPITAL EXPENDITURES OF $20,050,570 AS OF DECEMBER 31, 2016. PART II, LINE 11: $10,000 OF PROCEEDS WERE USED FOR THE BONDS ISSUER'S FEE. PART II, LINE 12: $2,210,905 OF PROCEEDS WILL BE USED TO FUND CAPITALIZED INTEREST ON THE BONDS. PART III, LINE 3A: THE ORGANIZATION HAS TWO THERAPY SERVICES AGREEMENTS, WHICH HAVE BEEN DETERMINED TO COMPLY WITH REV. PROC. 97-13, AS MODIFIED BY REV. PROC. 2001-39, AND AMPLIFIED BY NOTICE 2014-67. Form 990, Part VI, Section B, line 11b A COPY OF THE 990 IS GIVEN TO THE FINANCE COMMITTEE AND THE BOARD MEMBERS FOR REVIEW BEFORE A MONTHLY BOARD MEETING. THE BOARD MEMBERS WOULD DISCUSS THEIR CONCERNS AND THEN APPROVE THE RETURN. Form 990, Part VI, Section B, line 12c ANNUALLY, BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN A STATEMENT WHICH AFFIRMS THEY HAVE RECEIVED A COPY OF THE COI POLICY, HAVE READ AND UNDERSTAND THE POLICY, AND HAVE AGREED TO COMPLY WITH THE POLICY. FURTHERMORE, AT BOARD OF DIRECTORS MEETINGS, BOARD MEMBERS ARE ROUTINELY ASKED ABOUT COMPLIANCE WITH THE ORGANIZATIONS CONFLICT OF INTEREST POLICY. IF ANY POTENTIAL CONFLICTS OF INTEREST ARE IDENTIFIED, THE BOARD MEMBER IS ASKED TO LEAVE THE MEETING AND ABSTAIN FROM VOTING. Form 990, Part VI, Section B, line 15 ROSEDALE GREEN'S EXECUTIVE DIRECTOR'S COMPENSATION AS WELL AS OTHER OFFICERS OF THE ORGANIZATION ARE ADMINISTERED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM. THE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD, AS APPROPRIATE. A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITION UTILIZING INDUSTRY-SPECIFIC REPORTS AND OTHER STUDIES. THE COMMITTEE ALSO REVIEWS THE COMPENSATION REPORTED ON OTHER FORMS 990 OF COMPARABLE ORGANIZATIONS. THE COMMITTEE MEETS INDEPENDENT OF THE EXECUTIVE DIRECTOR TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION. DURING THESE DELIBERATIONS, THE COMMITTEE ALSO CONSIDERS INPUT OBTAINED FROM OTHER BOARD MEMBERS, STAFF, AND PROFESSIONAL ADVISORS. ONCE A CONSENSUS IS REACHED REGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO ANNUAL BENCHMARK AND ESTABLISHED OBJECTIVES. THE COMMITTEE PRESENTS ITS FINDINGS AND RECOMMENDATIONS, IN AN EXECUTIVE SESSION WITHOUT THE EXECUTIVE DIRECTOR PRESENT, TO THE FULL BOARD FOR REVIEW AND APPROVAL. THE COMMITTEE AND/OR THE BOARD CHAIR (A MEMBER OF THE COMMITTEE) THEN MEET WITH THE EXECUTIVE DIRECTOR TO DISCUSS AND DOCUMENT STRENGTHS, WEAKNESSES, AND GOALS FOR THE UPCOMING YEAR. COMPENSATION FOR THE UPCOMING YEAR IS ALSO DISCUSSED AND DOCUMENTED. Form 990, Part VI, Section C, line 19 ANY REQUESTS TO VIEW FORM 990, ANY GOVERNING DOCUMENTS, AND ANY POLICIES ARE REFERRED TO THE ADMINISTRATOR WHO WOULD MAKE THE RETURN AVAILABLE FOR INSPECTION. Form 990, Part XII, Line 2c: THE FINANCE COMMITTEE OVERSEES THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTING FIRM. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.