2017-07-28T12:41:45-05:00 2016-09-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2015-10-01 581491527 KING'S BRIDGE RETIREMENT CENTER INC % JAMES W WALDROP KING 4043210263 3055 BRIARCLIFF RD Atlanta GA 303292601 JAMES W WALDROP EXECUTIVE DIRECTOR 4049829185 2017-08-15 true MARK ABRAMS P01081549 4048746244 2017-08-15 2015 2021-01-29 14:40:06Z JAMES W WALDROP 3055 BRIARCLIFF RD ATLANTA GA 303292601 6419052 false X WWW.KINGSBRIDGE.ORG X 1981 GA Our mission is to provide high-quality housing with a community environment and homelike atmosphere for senior adults. 12 12 57 7 0 0 0 0 5677542 6331448 2810 933 80381 86671 5760733 6419052 0 0 0 0 1759197 1802266 0 0 0 4170936 4409151 5930133 6211417 -169400 207635 12410958 14076691 4082539 5355075 8328419 8721616 X OUR MISSION IS TO PROVIDE HIGH-QUALITY HOUSING WITH A COMMUNITY ENVIRONMENT AND HOMELIKE ATMOSPHERE FOR SENIOR ADULTS. KING'S BRIDGE IS DEDICATED TO ENSURING THAT RESIDENTS ARE AFFORDED THE BEST IN ENVIRONMENT, OPPORTUNITIES, AND CARE THROUGH THE SERVICES, PROGRAMS, AND PLANNED ACTIVITIES IT OFFERS. false false 5819969 6331448 INDEPENDENT AND ASSISTED LIVING COMMUNITY PROVIDES RETIREMENT HOUSING AND SERVICES FOR APPROXIMATELY 204 RESIDENTS. 5819969 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 13 0 false 57 true false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false GA X JAMES W WALDROP 4049829185 3055 BRIARCLIFF RD NE ATLANTA GA 303292601 X Aubon Higgins President/Board Chairman 1.0 0.0 X 0 0 0 Gayle Shaw V.Pres/Board V.Chair 1.0 0.0 X 0 0 0 Martha Sue Watkins Treasurer/Board Secretary 1.0 0.0 X 0 0 0 Mary Geurin Trustee 1.0 0.0 X 0 0 0 Anthony Ferrara Trustee 1.0 0.0 X 0 0 0 Judy Kilgo Trustee 1.0 0.0 X 0 0 0 Karen Lucas Trustee 1.0 0.0 X 0 0 0 Jim Panter Trustee 1.0 0.0 X 0 0 0 Ray Perez Trustee 1.0 0.0 X 0 0 0 Herb Edwards Trustee 1.0 0.0 X 0 0 0 Blount Ferrell Trustee 1.0 0.0 X 0 0 0 Betsy Smith Trustee 1.0 0.0 X 0 0 0 James W Waldrop Executive Director 50.0 0.0 X 142745 0 27524 142745 0 27524 1 false true false GUEST SERVICES INC 3055 PROSPERITY AVE FAIRFAX VA 220312290 FOOD SERVICE 523336 ARAMARK 24863 Network Place CHICAGO IL 60673 HOUSEKEEPING 403008 2 X 0 RENTAL 721310 4665622 4665622 PERSONAL CARE 623000 1478352 1478352 MEALS 722410 77794 77794 OTHER INCOME 900099 8364 8364 BEAUTY SHOP 812900 101316 101316 6331448 933 933 0 0 86671 86671 0 86671 86671 0 0 0 0 0 6419052 6152338 266714 X 0 0 0 0 177933 177933 0 1344012 1215913 128099 27372 17194 10178 142486 126708 15778 110463 92021 18442 0 0 30300 30300 0 0 0 1812233 1812233 20940 20940 107310 96592 10718 0 0 836811 836811 0 0 0 232815 232815 0 994117 994117 129197 129197 RESIDENT SERVICES 172720 172720 BANK FEES 72708 72708 6211417 5819969 391448 0 X 11336 1702655 254493 349978 0 0 25970 26828 0 0 0 0 0 0 0 0 0 0 27355448 15474318 12007526 11881130 0 0 0 0 0 0 0 0 111633 116100 12410958 14076691 263728 238437 0 0 0 0 0 0 0 0 0 0 3529108 5000000 0 0 289703 116638 4082539 5355075 X 8328419 8721616 0 0 0 0 8328419 8721616 12410958 14076691 X 207635 185562 X false true X true false X 0 0 0 0 0 0 6029165 6082865 6142337 5757923 6418119 30430409 0 0 0 6029165 6082865 6142337 5757923 6418119 30430409 0 2542 5385 9940 14385 6878 39130 2542 5385 9940 14385 6878 39130 30391279 3711 7647 9156 2810 933 24257 0 3711 7647 9156 2810 933 24257 0 0 6032876 6090512 6151493 5760733 6419052 30454666 0.99792 0.99804 0.00080 0.00087 X 538967 538967 25309889 14403341 10906548 292392 221408 70984 1214200 849569 364631 11881130 0 SECURITY DEPOSIT PAYABLE 116638 LIAB. UNDER INTEREST RATE SWAP 0 116638 X 6604614 185562 185562 6419052 6419052 6211417 6211417 6211417 ASC 740 FOOTNOTE The Center has been recognized as an organization exempt from Federal income taxes under Internal Revenue Code (the "Code") Section 501(a) as an organization described in Section 501(c)(3) whereby only unrelated business income, as defined by Section 512(a) of the Code, is subject to Federal income tax. Accordingly, no provision for income taxes is required. The Center annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Center takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Center is subject to examination by the federal and state taxing authorities. In general, the Center is no longer subject to tax examinations for the years ending before September 30, 2013. TOTAL ADJUSTMENTS CHANGE IN INTEREST RATE SWAP LIABILITY $185,562 X X X false false false false false true false false false James W Waldrop Executive Director 142745 0 0 0 0 0 6067 0 21457 0 170269 0 0 0 BONUS COMPENSATION Jim Waldrop is eligible to receive quarterly bonuses based on the quarterly net operating income. The calculation is such that he can receive up to 15% of his Gross Quarterly compensation. This eligibility extends to Director of Building Operations, Director of Marketing, and Director of Personal Care. A total of 4 Directors that can all directly affect the Profit & losses. Part VI, Line 11A THE AUDIT COMMITTEE REVIEWS THE FORM 990 AND MAKES RECOMMENDATIONS TO THE BOARD THAT IT BE FILED. ALL VOTING MEMBERS OF THE BOARD RECEIVE A COPY OF THE FORM 990. Part VI, Line 12C ON AN ANNUAL BASIS, THE TRUSTEES ARE ASKED TO SIGN THAT THEY ARE NOT IN VIOLATION OF THE CONFLICT OF INTEREST POLICY. KEY EMPLOYEES ARE ASKED TO DO THE SAME. Part VI, Line 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS SET AND ADJUSTED BY THE BOARD OF TRUSTEES. THERE ARE NO OTHER OFFICERS THAT RECEIVE COMPENSATION. KEY EMPLOYEES' COMPENSATION IS SET BY THE EXECUTIVE DIRECTOR, AND MERIT INCREASES ARE DETERMINED BY HIM WITH THE APPROVAL OF THE BOARD OF TRUSTEES. Part VI, Line 19 ALL GOVERNING POLICIES, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST TO THE EXECUTIVE DIRECTOR. Part IX, Line 11G OTHER FEES FOR SERVICES ARE COMPRISED OF THE FOLLOWING: CHAPLAIN $32,900 FOOD SERVICE $1,323,117 HOUSEKEEPING SERVICES $411,886 MAINTENANCE SERVICES $44,330 ============================================= TOTAL $1,812,233 Part XI, Line 9 CHANGE IN INTEREST RATE SWAP LIABILITY $185,562. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER FEES TOTAL FEES:1812233