2017-05-12T10:50:14-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2015-07-01 231611427 LUTHERAN COMMUNITY AT TELFORD INC LUTH 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 DAN MCKEE CEO CFO 2157239819 2017-05-11 1 JAMES D WATSON P01450300 2156433900 2015 2021-01-29 14:40:06Z DAN MCKEE 12 LUTHERAN HOME DRIVE TELFORD PA 18969 24831264 0 X WWW.LCTELFORD.ORG X 1958 PA TO PROVIDE HEALTHCARE SERVICES FOR LUTHERAN COMMUNITY OF TELFORD RETIREMENT COMMUNITY RESIDENTS. 18 18 434 142 0 0 354119 301276 20457027 21255870 695849 436833 236166 300549 21743161 22294528 0 3300 0 0 11166737 11531192 0 0 42381 9695801 9403214 20862538 20937706 880623 1356822 65459697 65809997 55484493 54514525 9975204 11295472 TO PROVIDE PROGRESSIVE LEVELS OF CARE INCLUDING PERSONAL CARE AND SKILLED NURSING IN A SECURE CHRISTIAN ENVIRONMENT. 0 0 8434774 3300 8166872 OUR 75 BED HEALTHCARE NEISHBORHOOD IS LICENSED BY THE PENNSYLVANIA DEPARTMENT OF HEALTH. IT IS BOTH A MEDICARE AND MEDICAID APPROVED FACILITY. AT THE LUTHERAN COMMUNITY AT TELFORD (LCT), OUR PHILOSOPHY OF "PERSON-CENTERED CARE", ALLOW RESIDENTS TO LIVE IN SMALL NEIGHBORHOODS AND FORM CLOSE RELATIONSHIPS WITH EACH OTHER AND WITH STAFF. THEY NOT ONLY RECEIVE EXPERT CARE FROM PEOPLE WHO REALLY KNOW THEM, THEY ALWAYS HAVE A VOICE AND CHOICE IN DIRECTING THEIR CARE. OVER THE PAST TWO YEARS, LCT HAS HAD MEDICAID CONTRACTUAL ALLOWANCES OF $1.7M IN 2015 AND 2014. 4224414 4003815 LUTHERAN COMMUNITY AT TELFORD IS LICENSED BY THE DEPARTMENT OF PUBLIC WELFARE FOR PERSONAL CARE FOR 125 RESIDENTS. OUR PERSONAL CARE IS DESIGNED FOR THE RESIDENT WHO REQUIRED ASSISTANCE WITH ACTIVITIES OF DAILY LIVING INCLUDING MEDICATION ADMINISTRATION. LCT'S ENVIRONMENT ENCOURAGES INDEPENDENCE, WHILE OFFERING CARE AND SUPPORT APPROPRIATE TO INDIVIDUAL NEEDS. LCT OFFERS A PERSONAL CARE MEMORY SUPPORT, OFFERS A STIMULATING ENVIRONMENT FOR 26 RESIDENTS THAT ENSURES A SENSE OF SECURITY AND STABILITY. LCT ALSO OFFERS PERSONAL CARE SUITES AND PERSONAL CARE STUDIOS THAT WILL MEET THE NEEDS OF ALL OUR RESIDENTS. BENEVOLENT CARE IS AVAILABLE FOR THOSE RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. LCT HAS GRANTED NEARLY $1MILLION OF BENEVOLENT CARE OVER THE PAST THREE FISCAL YEARS. 5450688 8818353 RESIDENTIAL LIVING AT LUTHERAN COMMUNITY AT TELFORD PROVIDES YOU WITH A NEWFOUND SENSE OF FREEDOM, MAINTENANCE FREE LIFESTYLE WHERE YOU GET TO RELAX AND CELEBRATE LIFE WITHOUG THE BURDEN OF HOME MAINTENANCE AND THE SECURITY. LCT HAS 197 APARTMENTS OF VARYING STYLES IN OUR THREE APARTMENT BUILDINGS: LUTHER VILLAGE, HARBINGER TERRACE AND THE MEADOWS FOR ALMOST ANY BUDGET; AS WELL AS 48 COTTAGE STYLE HOMES THROUGHOUT OUR 50 ACRE CAMPUS. BENEVOLENT CARE IS ALSO AVAILABLE FOR THOSE RESIDENTIAL/INDEPENDENT RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. 18109876 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 64 0 434 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 PA X DAN MCKEE 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 MARILYNNE BAGOSY DIRECTOR 1.00 X 0 0 0 JUNE BAIR SECRETARY 2.00 X X 0 0 0 WILLIAM CATTO DIRECTOR 1.00 X 0 0 0 REV MUKESH CHEEDIE DIRECTOR 1.00 X 0 0 0 WILLIAM CRESSMAN TREASURER 2.00 X X 0 0 0 FRED CROUTHAMEL DIRECTOR 1.00 X 0 0 0 JOANNE FABIAN DIRECTOR 1.00 X 0 0 0 JOSEPH FIZELL DIRECTOR 1.00 X 0 0 0 BETTY JEAN HANSON DIRECTOR 1.00 X 0 0 0 JOHN LINDSAY DIRECTOR 1.00 X 0 0 0 REV DAVE LUTCHER DIRECTOR 1.00 X 0 0 0 REV ROBERT MITMAN DIRECTOR 1.00 X 0 0 0 DEB NYCE DIRECTOR 1.00 X 0 0 0 FREDERICK SCHEA CHAIRMAN 2.00 2.00 X X 0 0 0 RON SMITH VICE CHAIR 2.00 X X 0 0 0 DR JEFFREY THATCHER DIRECTOR 1.00 X 0 0 0 REV JOSEPH VARSANYI DIRECTOR 1.00 X 0 0 0 JUDITH WILLIAMS DIRECTOR 1.00 X 0 0 0 DAN MCKEE CEO 40.00 X 201875 0 17386 VINCE GULOTTI VP OF FINANCE 40.00 X 0 0 0 ELLEN SHRAGER VP OPERATIONS 40.00 X 155733 0 12328 JOHN DUBYK VP OF FINANCE 40.00 X 124626 0 18082 THEODORE G LEISTER DIRECTOR OF FACILITY DEVELOPMENT 40.00 X 115272 0 18379 597506 0 66175 4 0 1 0 CURA HOSPITALITY LLC PO BOX 743676 ATLANTA GA 30374 FOOD SERVICE 1651607 GB BUILDERS 1010 PENNY ROAD GREEN LANE PA 18054 CONSTRUCTION 641893 SELECT REHABILITATION INC PO BOX 809056 CHICAGO IL 60680 REHABILITATION 601273 C&S LAWN & LANSCAPE INC 562 MELVIN RD TELFORD PA 18969 LANDSCAPING 537220 RLPS ARCHITECTS 250 VALLEYBROOK DR LANCASTER PA 17601 ARCHITECTS 235235 9 240000 61276 301276 INDEPENDENT LIVING 623990 8818353 8818353 SKILLED NURSING 623990 8166872 8166872 PERSONAL CARE 623990 4003815 4003815 PHARMACY 900099 131633 131633 PRIOR YEAR SETTLEMENT 900099 74057 74057 61140 61140 21255870 296807 296807 28895 0 28895 28895 28895 2676762 2536736 140026 140026 140026 50280 0 50280 50280 INCONTINENT REVENUE 900099 100951 100951 NON-RESIDENT MEALS 900099 74283 74283 46140 46140 221374 22294528 21255870 0 737382 3300 3300 517821 75564 399876 42381 9133176 8461679 671497 141853 141853 1037054 809036 228018 701288 590567 110721 39166 39166 34000 34000 1647166 1474999 172167 128350 128350 266046 266046 115307 115307 1297302 1297302 53203 53203 1460241 1460241 2567342 2567342 304164 98503 205661 FOOD 885998 885998 OTHER RESIDENT SERVICES 201863 23396 178467 DUES AND SUBCSCRIPTIONS 60 60 403006 361889 41117 20937706 18109876 2785449 42381 686902 628476 1878583 2254219 18150 4000 936543 1252766 38520 275849 208803 81034898 35432498 45683015 45602400 12234341 11811851 260000 260000 3486314 3748962 65459697 65809997 2257805 1477026 18475780 18274955 1558901 1936650 32592524 31745559 599483 1080335 55484493 54514525 X 9961224 11295472 13980 0 9975204 11295472 65459697 65809997 X 1356822 -199856 163302 X 0 1 X 1 0 X 945554 366416 285392 354119 301276 2252757 17620149 18631025 19967350 20586477 21181813 97986814 18565703 18997441 20252742 20940596 21483089 100239571 0 0 0 100239571 298401 309357 391057 410665 325702 1735182 298401 309357 391057 410665 325702 1735182 90422 85828 101612 129785 221374 629021 18954526 19392626 20745411 21481046 22030165 102603774 0.97700 0.97160 0.01690 0.01750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 12143044 12143044 61824525 31192630 30631895 6002151 4239868 1762283 1065178 1065178 45602400 NET DEFERRED FINANCING COSTS 593365 ESCROW FUNDS 1674963 DEBT SERVICE FUND 1480634 3748962 ACCRUED COMPENSATION 726381 FAIR VALUE OF INTEREST RATE SWAP 353954 1080335 X 22257976 -199856 245530 45674 22212302 82226 82226 22294528 20937706 0 20937706 0 20937706 PART IV, LINE 2B: THE ORGANIZATION HAS ESCROW FUNDS THAT REPRESENT THE REFUNDABLE ENTRANCE FEES OF RESIDENTS WHO HAVE PERMANENTLY MOVED FROM AN APARTMENT UNIT INTO THE NURSING OR PERSONAL CARE FACILITY. THESE FUNDS ARE RETAINED AS SECURITY FOR THE PAYMENT OF THE RESIDENTS' CHARGES AND ARE REFUNDED IF NOT NEEDED. AS OF JUNE 30, 2016 AND 2015, ESCROW FUNDS ARE $2,337,452 AND $1,341,146, RESPECTIVELY, AND ARE SHOWN ARE BOTH A NON-CURRENT ASSET AND A LONG-TERM LIABILITY. DEPOSITS ON UNOCCUPIED UNITS IN AMOUNTS RANGING BETWEEN $4,960 AND $31,500 PER UNIT ARE COLLECTED BY THE ORGANIZATION UPON EXECUTION OF A CONTINUING CARE AGREEMENT. EACH DEPOSIT REPRESENTS 10% OF THE TOTAL ENTRANCE FEE, WHICH IS REFUNDABLE THROUGH THE FIRST MONTH OF OCCUPANCY. THE BALANCE OF THE ENTRANCE FEE IS DUE UPON OCCUPANCY OF THE APARTMENT. MANAGEMENT ALSO COLLECTS A $1,000 REFUNDABLE DEPOSIT FROM PROSPECTIVE RESIDENTS PLACED ON A WAITING LIST. AT JUNE 30, 2016 AND 2015 DEPOSITS FOR THOSE ON WAITING LISTS ARE $159,000 AND $133,000, RESPECTIVELY. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMMONWEALTH OF PENNSYLVANIA STATUTES. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. IT IS THE ORGANIZATION'S POLICY TO ACCOUNT FOR ANY INTEREST OR PENALTIES ASSESSED RELATING TO UNCERTAIN TAX POSITIONS, IF ANY, AS GENERAL AND ADMINISTRATIVE EXPENSES. THE ORGANIZATION DID NOT INCUR ANY INTEREST OR PENALTIES FOR THE YEARS ENDED JUNE 30, 2016 OR 2015. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 245,530. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 71,923. PRIOR YEAR BAD DEBT EXPENSE 10,303. CENTURY CLUB 43403 43403 INDIAN VALLEY BEER FESTIVAL 6877 6877 50280 50280 50280 X X 0 0 0 0 0 0 0 0 0 DAN MCKEE CEO 201750 0 125 0 0 0 5794 0 11592 0 219261 0 0 0 ELLEN SHRAGER VP OPERATIONS 155608 0 125 0 0 0 4621 0 7707 0 168061 0 0 0 A BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232174016 118612LMO 2007-11-15 14000000 REFI & NEW CONSTRUCTION 0 0 0 B BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232174016 118612LMO 2007-11-15 8955000 REFI & NEW CONSTRUCTION 0 0 0 C TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY 232253252 2010-05-21 13745000 NEW CONSTRUCTION 0 0 0 D PERKASIE BOROUGH INDUSTRIAL DEVELOPMENT AUTHORITY 232311902 2015-12-17 4600000 NEW CONSTRUCTION 0 0 0 A 1870000 13862556 989803 264840 4835858 7772055 2007 1 0 1 1 B 1335000 8955000 169404 12350 3093222 5680024 2007 1 0 1 1 C 1135081 13178799 120461 13058157 180 2010 0 0 1 1 D 4600000 50000 40399 4509601 0 0 0 1 A 0 0 1 1 0 0.01260 0.01260 0 0 1 B 0 0 1 1 0 0.01260 0.01260 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 1 1 B 0 0 0 1 1 1 CITIZEN'S BANK 10.000000000000 0 0 0 1 1 C 0 0 0 1 1 0 0 0 1 D 0 0 0 0 1 0 0 0 0 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/08/2013 ISSUER NAME: BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/08/2013 ISSUER NAME: TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/08/2016 FORM 990, SCHEDULE K, PART IV, LINE 6 FUNDS SPENT SLOWER THAN EXPECTED DUE TO DELAYS BUT USED PRIOR TO 11/14/2012 REPORTING PERIOD END FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE 33 NATURAL PERSONS OF FULL AGE APPOINTED BY CERTAIN CONGREGATIONS. EACH CONGREGATION SHALL APPOINT TWO LAYPERSONS FROM ITS ACTIVE MEMBERSHIP AND ONE ORDAINED CLERGY UNDER CALL OR APPOINTED TO THE CONGREGATION AS MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS WILL BE ELECTED BY THE MEMBERS AT THE ANNUAL ORGANIZATIONAL MEETING OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS (THE GROUP OF 33) MUST APPROVE ANY LAND PURCHASE OR DEVELOPMENT AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT, AND REVIEWED BY THE CEO/PRESIDENT, CFO, AND FULL BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL STATEMENTS ARE DISTRIBUTED AT BOARD MEETING AND COMPLETED BY BOARD MEMBERS BY THE NEXT BOARD MEETING. THE DISCLOSURES ARE REVIEWED BY THE CEO AND IF THERE ARE ISSUES THEY ARE DISCUSSED AT SUBSEQUENT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 AS OF THE 5/14/2009 BOARD MEETING, A COMPENSATION COMMITTEE WAS ESTABLISHED TO REVIEW EXECUTIVE SALARIES AS WELL AS OVERALL SALARY STRUCTURES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE ON SWAP AGREEMENT 245,530. LOSS ON DISPOSAL OF ASSETS -71,925. PRIOR YEAR BAD DEBT EXPENSE -10,303. LUTHERAN COMMUNITY AT TELFORD FUND 12 LUTHERAN HOME DRIVE TELFORD PA 18969 232694179 FUNDRAISING ACTIVITIES FOR AFFILIATED NON-PROFIT ENTITIES PA 501(C)(3) LINE 11A, I 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 LUTHERAN COMMUNITY AT TELFORD FUND C 240000 CASH