2017-09-27T10:21:49-05:00 2016-12-31 593070669 MOORE STEPHENS LOVELACE PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2016-01-01 311671731 SKIDAWAY HEALTH AND LIVING SERVICES INC SKID 9125983601 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 STANLEY S ANDERS TREASURER 9125983601 2017-09-26 1 HARRY E HARP CPA P00176471 4077405400 64.132.121.122 2017-09-26 12:48:25 ED P A6970DBB2853E0D2E5FB43C562937A4824D79D77 A6970DBB2853E0D2E5FB43C562937A4824D79D77 2016 2021-01-29 14:40:06Z STANLEY S ANDERS 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 16899422 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. 12 12 332 62 0 0 0 0 14733444 15286057 540558 -31223 2508350 1514766 17782352 16769600 0 0 0 0 5906256 6135414 0 0 0 11536366 11526754 17442622 17662168 339730 -892568 86477980 86650266 132660600 133405868 -46182620 -46755602 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 9239131 11648088 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, 2016. 1542093 1944169 THE COMMUNITY'S SKILLED NURSING FACILITY OFFERS 24-HOUR NURSING SERVICES VIA 23 SKILLED NURSING CARE BEDS. 1177577 1484611 THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO RESIDENTS OF 21 ASSISTED LIVING UNITS. 1367421 1723955 OTHER SERVICES INCLUDE FOOD SERVICE, IN-HOME HEALTH CARE AND MEMORY CARE. 1367421 1723955 13326222 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 43 0 1 332 1 0 0 0 0 0 0 0 0 0 0 X 12 12 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 WALLACE SMITH PRESIDENT 0.50 X X 0 0 0 STANLEY S ANDERS VICE PRESIDENT 0.50 X X 0 0 0 KIRBY MASON SECRETARY 0.50 X X 0 0 0 MELISSA BOUCHILLON MEMBER 0.50 X 0 0 0 MICHAEL ROUTHIER MEMBER 0.50 X 0 0 0 DR JIM GAINER MEMBER 0.50 X 0 0 0 KEITH DIAMOND MD MEMBER 0.50 X 0 0 0 JANET K KWAISER KUHN EDD RN MEMBER 0.50 X 0 0 0 THOMAS SAYERS MEMBER 0.50 X 0 0 0 DR EMERSON HAM MEMBER 0.50 X 0 0 0 DAVID GROSSE MEMBER 0.50 X 0 0 0 JAMES RUHL MEMBER 0.50 X 0 0 0 LISA BIRCH MEMBER 0.50 X 0 0 0 BARBARA THIOS MEMBER 0.50 X 0 0 0 AMANDA ELLIOTT EXECUTIVE DIRECTOR 40.00 X 0 0 0 LORNA CARSWELL ACCOUNTING DIRECTOR 40.00 X 80730 0 10046 80730 0 10046 0 0 0 0 LIFE CARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT FEES 793435 HERITAGE HEALTHCARE 536 OLD HOWELL RD GREENVILLE SC 29615 THERAPY CONTRACTOR 354712 SAVANNAH FLOOR COVERINGS 1215 E HIGHWAY 80 STE 300 SAVANNAH GA 31322 CONSTRUCTION 202300 BRIGHTVIEW LANDSCAPE SERVICES 2 MAINTENANCE WAY SAVANNAH GA 31411 LANDSCAPE MAINTENANCE 162617 B & W ROOFING AND GUTTERS LLC 7379 FIELDER ROAD JONESBORO GA 30236 CONSTRUCTION 131100 8 MONTHLY SERVICE FEES 623000 10493897 10493897 SKILLED NURSING FACILITY 623000 3428780 3428780 EARNED ENTRANCE FEES 623000 1154191 1154191 FOOD SERVICE 623000 209189 209189 15286057 90541 90541 8058 129822 0 -129822 8058 -121764 -121764 FUTURE SERVICES OBLIGATION 623000 1106000 1106000 APARTMENT CUSTOMIZATION REVENUE 623000 205889 205889 OTHER INCOME 623000 202877 202877 1514766 16769600 16800823 0 -31223 90775 90775 5170034 4201409 968625 9651 9651 494849 386948 107901 370105 315324 54781 767577 767577 17813 17813 42250 42250 166186 45291 120895 226289 226289 645063 494235 150828 1284408 1280733 3675 55009 40826 14183 12611 12611 3109540 2346169 763371 3359151 2534501 824650 650747 490993 159754 FOOD SERVICE 697851 697851 NURSING AND ANCILLARY 483033 483033 BAD DEBT 8909 8909 CHARITABLE GIVING 317 317 17662168 13326222 4335946 0 716698 1325205 10794716 9664192 357782 537706 90461 93533 178282 209394 94959877 29240680 67467789 65719197 5660648 3308326 349155 0 862449 5792713 86477980 86650266 2510635 2023078 87128146 4779000 42173674 41527715 129500 0 718645 85076075 132660600 133405868 X -46182620 -46755602 -46182620 -46755602 86477980 86650266 -892568 319586 0 X X 0 1 X 1 0 X 15114897 13592685 14350641 14733444 15286057 73077724 15114897 13592685 14350641 14733444 15286057 73077724 0 0 0 73077724 10622 2432 29542 82834 90541 215971 10622 2432 29542 82834 90541 215971 70919 83152 100228 114398 202877 571574 15196438 13678269 14480411 14930676 15579475 73865269 0.98930 0.99240 0.00290 0.00180 X 3400000 3400000 87819777 26889300 60930477 2886955 2215842 671113 853145 135538 717607 65719197 DEPOSITS 3300 CAPITALIZED INITIAL RESIDENCY COSTS 474992 ASSETS WHOSE USE IS LIMITED 5314421 5792713 DEPOSITS 977427 REFUNDS PAYABLE 78054133 ENTRANCE FEE DEPOSITS 6044515 85076075 17089186 319586 319586 16769600 0 16769600 17662168 0 17662168 0 17662168 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 625000 43153320 3425919 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, 2015. 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 FINANCE COMMITTEE AND THE EXECUTIVE DIRECTOR 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) CAR WASHES TO RAISE MONEY FOR ALZHEIMER'S ASSOCIATION. 2) DONATED BOOKS TO SAVANNAH CLASSICAL ACADEMY. 3) BAKE SALE & SPAGHETTI LUNCH TO BENEFIT THE ALZHEIMER'S ASSOCIATION. 4) PROVIDED AND SERVED LUNCH TO CHILDREN AT FRESH AIR HOME SUMMER CAMP. 5) CAR WASHES TO BENEFIT AMERICAN RED CROSS. 6) EMPLOYEE CHILI COOK OFF FOR AMERICAN HEART ASSOCIATION. 7) DONATED 21 DINING CHAIRS AND REFRIDGERATOR TO OLD SAVANNAH CITY. 8) ORGANIZED WALK TO END ALZHEIMER'S. 9) DONATED 181 POUNDS OF PEANUT BUTTER TO AMERICA'S SECOND HARVEST. 10) ORGANIZED PET PARADE TO RAISE FUNDS FOR HUMANE SOCIETY 11) TEDDY BEAR DONATION FOR THE SALVATION ARMY. 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) OLD SAVANNAH CITY MISSION. 10) SAFE SHELTER CHAIRITY. 11) NATIONAL MARINE SANCTUARY FOUNDATION. 12) SKIDAWAY ISLAND UNITED METHODIST CHURCH. 13) SAVANNAH MORNING NEWS EMPTY STOCKING FUND. 14) HOSPICE SAVANNAH. 15) AMERICA'S RED CROSS. 16) ST. JOSEPH'S/CANDLER FOUNDATION. 17) SAVANNAH CLASSICAL ACADEMY. 18) LEUKEMIA & LYMPHOMA SOCIETY. 19) KOMEN COASTAL GEORGIA. 20) UNITED WAY OF THE COASTAL EMPIRE. TOTAL MONETARY VALUE PROVIDED TO THE COMMUNITY EQUALS OVER $20,668 WITH A TOTAL OF 471 VOLUNTEER HOURS PERFORMED. OVER 34,000 INDIVIDUALS WERE SERVED WITH THE ABOVE CHARITABLE ACTIVITIES.