2017-05-15T10:03:33-07:00 2016-06-30 990 2015-07-01 386141735 PORTER HILLS PRESBYTERIAN VILLAGE PORT 6169494975 4450 Cascade Road Grand Rapids MI 49564 Craig Vandenbos Controller 6169494975 2017-05-14 2015 2021-01-29 14:40:06Z Kim Hoppe 4450 Cascade Road Grand Rapids MI 49564 34756361 0 X www.porterhills.org X 1970 MI Assisted living, nursing care and independent living for the elderly 14 14 615 246 0 0 953035 692027 36503865 34042480 255454 21854 0 0 37712354 34756361 0 0 0 0 16175769 15849012 0 0 0 22747665 19641952 38923434 35490964 -1211080 -734603 78224204 73822409 103421362 102064266 -25197158 -28241857 To provide a continuum of high quality communities and services for older adults in accordance with christian values. 0 0 19506655 0 34042480 Assisted Living, Nursing Care, and Independent Living facility for the elderly. Total days of Care in 2015-16 was 175,474. 0 0 0 19506655 1 1 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 0 0 0 1 7 0 1 615 1 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X X Craig Vandenbos 6169541799 4450 Cascade Road Grand Rapids MI 49564 Robert Daverman Board member 1 0 X 0 0 0 Sharon Buursma Board Member 1 0 X 0 0 0 Martha Blandford Board member 1 0 X 0 0 0 Thomas Small Board member 1 0 X 0 0 0 Harry Baxter Board member 1 0 X 0 0 0 Carol Hubbard Board Member 1 0 X 0 0 0 James Williams Board Member 1 0 X 0 0 0 Mark Yost Board Member 1 0 X 0 0 0 Mary Wagner Board member 1 0 X 0 0 0 Jon Pike Board Member 1 0 X 0 0 0 Jane Toot Secretary 2 0 X 0 0 0 William Lawrence III Vice Chair 2 0 X 0 0 0 Joseph Stojak Treasurer 2 0 X 0 0 0 Cynthia Havard Chair 2 0 X 0 0 0 Larry Yachcik CEO 50 0 X 325095 0 32813 Reed Vanderslik COO/CFO 50 0 X 229880 0 33967 Nicole Maag VP of Residential Services 50 0 X 140515 0 13546 Rhonda Dornbos VP of Clincal Services 50 0 X 89452 21590 21329 784942 21590 101655 4 0 1 0 Creative Dining Servic One Royal Park Drive Zeeland MI 49464 Food Service 1537753 Functional Pathways 10133 Sherrill Blvd Knoxville TN 37932 Therapy services 1029314 Trivalent Group Inc 3145 Prairie Street Grandville MI 49418 Computer technical support company 687816 Verhey Carpets 1113 Wealthy St SE Grand Rapids MI 49506 Flooring service 607795 Omnicare Inc PO Box 78000 Detroit MI 48278 Pharmacy 284600 18 0 0 0 692027 0 0 0 692027 Life Lease Income 623990 2499893 2499893 0 0 Maintenance fees 900099 2419679 2419679 0 0 Other Program revenue 623990 10176687 10176687 0 0 Net Porgram service 623990 18946221 18946221 0 0 0 0 0 0 34042480 21854 0 0 21854 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34756361 34042480 0 21854 X 784942 784942 12589334 8759862 3829472 0 0 0 1611861 1065515 546346 862875 554907 307968 29395 29395 99279 99279 6271 6271 5272229 1757775 3514454 505220 191654 313566 33834 33834 1789382 1306522 482860 74988 14200 60788 21831 21831 1181036 1023703 157333 4362149 2318631 2043518 293564 194990 98574 Resident Care 1284554 1256709 27845 0 Repairs & Maintenance 1156404 953916 202488 0 Bad Debt 108271 108271 0 0 Corporate Overhead 2992790 0 2992790 0 430755 0 430755 0 35490964 19506655 15984309 0 280094 231743 0 0 2209788 1860556 0 0 3507433 5003583 0 275092 251020 110448873 50748652 61516091 59700221 1102487 1079334 0 0 0 9333219 5695952 78224204 73822409 4529692 6652469 0 0 13562757 16435129 0 0 0 0 0 0 52846142 50942136 970874 778458 31511897 27256074 103421362 102064266 X -25197158 -28241857 0 0 0 0 -25197158 -28241857 78224204 73822409 X -734603 -15135 0 0 0 -2294961 X 0 1 X 1 0 X 2421927 585414 951334 953035 692027 5603737 27020569 29211044 34206588 36503865 34042480 160984546 29442496 29796458 35157922 37456900 34734507 166588283 401084 432496 724215 681610 756950 2996355 401084 432496 724215 681610 756950 2996355 163591928 706288 443506 343557 255454 21854 1770659 706288 443506 343557 255454 21854 1770659 30148784 30239964 35501479 37712354 34756361 168358942 0.97169 0.9699 0.01052 0.018 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1518 1518 0 Schedule C, 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. 5097016 0 5097016 99957803 0 49435623 50522180 0 0 0 0 5394054 0 1313029 4081025 0 0 0 0 59700221 Deferred Finance costs 593819 Due from Affilates 5102133 5695952 0 Accounts Payable Affilates 260147 Refundable advances on Life Leases 21497201 Fair Market value of interest rate swap agreements 5338580 Other Liabilities 160146 27256074 34756361 0 0 0 0 0 34756361 0 0 0 34756361 35490964 0 0 0 0 0 35490964 0 0 0 35490964 X 1 1 X X X X 0 1 0 0 0 0 0 1 0 Reed Vanderslik COO/CFO 201089 0 28791 0 0 0 0 0 33967 0 263847 0 0 0 Larry Yachcik CEO 311539 0 0 0 13556 0 15000 0 17813 0 357908 0 0 0 Schedule J, Part I, Line 1a Porter Hills Presbyterian village pays a country club fee of $11,314.28 for the President of the company. Schedule J, Part I, Line 4 The President of Porter Hills Presbyterian Village participates in a 457 plan. $15,000 was the employers contribution into the plan. Schedule J, Part I, Line 7 Part of the compensation is variable and at the discretion of the board of directors. A The Economic Development Corp of the Charter Township of Grand Rapids 386005448 2013-11-05 34285043 Financed the optional redemption of refunded buonds with the last call date 11-1-2013 0 0 0 B Michigan Strategic Fund Corporation of the Charter Township of Grand Rapids 521417332 2013-11-05 17574957 Refinance interim taxable facility which closed on 9-30-2013 0 0 0 C The Economic Development Corporation of the Char 386005448 2014-06-27 10000000 Provided additional funding for the purchase of property and equipment 0 0 0 A 0 0 34285043 0 0 0 236146 0 0 0 34285043 0 2014 1 0 1 1 B 0 0 17574957 0 0 0 120854 0 0 0 17574957 0 2014 1 0 1 1 C 0 0 10000000 0 0 0 0 0 0 0 10000000 0 2014 1 0 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 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 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 Westminister Presbyterian Church can elect board members to Porter hills Prebyterian 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 The 990 is prepared by the Director of Finance, and reviewed by the VP of Finance before it is filed. 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 from which they sign requires them to promptly report any possible exsistence of a 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, complance 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 are located in the library of the facility, and the form 990 is made available upon request. Form 990, Part IX, Line 11g Expenses in this area are services outsourced. Form 990, Part XI, Line 9 Change in the value of interest swap (1,941,380.00) Unrealized loss on Joint Ventures ( 353,581.00) Total (2,294,961.00) Porter Hills Foundatin 4450 Cascade Road Grand Rapids MI 49546 383243846 Supporting organization MI 501 C 3 11a Porter Hills Presbyterian Inc 1 Meadowlark Retirement Community 4450 Cascade Road Grand Rapids MI 49546 383373281 Retirement Home MI 501 C 3 7 N/A 1 Porter Hills Home Health West 4450 Cascade Road Grand Rapids MI 49546 383384372 Home Care MI 501 C 3 N/A 1 Walker Meadow Retirement 1101 Wilson Grand Rapids MI 49534 383283760 Retirment Home MI 501 C 3 7 N/A 0 Oak Ridge Retirement 3781 Giddings Grand Rapids MI 49508 383382610 Retirement Home MI 501 C 3 7 N/A 0 Harvest Way Retirment 100 Ida Red Sparta MI 49345 383445251 Retirement Community MI 501 c 3 7 N/A 0 River Grove Retirment Community 5761 Jupiter Ave Belmont MI 49306 383519530 Retirement Community MI 501 c 3 7 N/A 0 Baileys Grove Retirement Community 5252 Baileys Center Kentwood MI 49512 383643825 Retirment Community MI 501 c 3 7 N/A 0 Station Creek Retirment Community 10010 Crossroad Court Caledonia MI 49316 200771871 Retirement Community MI 501 c 3 7 N/A 0 Life Circles 560 Seminole Road Muskegon MI 49444 260170498 PACE program MI 501 c 3 9 N/A 1 Porter Hills Home Health East 4450 Cascade Road Grand Rapids MI 49546 383358620 Private Duty Transportation company MI 501 c 3 9 N/A 1 Porter Hills At Home 4450 Cascade Road Grand Rapids MI 49546 453469541 Home Care MI 501 C 3 9 N/A 1 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 Porter Hills Foundatin c 692027 The Porter Hills Foundation receives donations for Porter Hills Presbyterian village. Porter Hills Home Health East m 30000 Porter Hills Corporate charges Porter Hills Home Health East a fee for services. Life Circles l 333214 Porter Hills receives a fee from Life Circles for services provided. Form 8868 was filed and approved for extension with the IRS.