2016-11-07T12:09:52-06:00 2015-12-31 412173670 Davenport Hanf & Company LLC 28276 Kensington Lane Perrysburg OH 43551 990 2015-01-01 344428230 Sunset Retirement Communities Inc SUNS 4197241225 4040 Indian Road Toledo OH 43606 Mark Minard CFO 4197241225 2016-10-31 1 Holly Martens P01434447 4198725900 2016-10-17 2015 2017-02-10 21:41:12Z Mark Minard 4040 Indian Road Toledo OH 43606 21877817 0 X www.sunset-communities.org X 1871 OH Sunset Retirement provides desirable senior care facilities to approximately 300 residents. 18 18 427 196 0 0 227222 187541 15743555 15134002 2427700 1894779 26707 40527 18425184 17256849 0 0 0 0 8422028 8968511 0 0 40105 7319241 7160998 15741269 16129509 2683915 1127340 81535152 79977398 30109313 29718432 51425839 50258966 X The Organization's mission is "Enriching Individual Life Journeys" through its core values of Respect, Integrity,Service and Excellence and creating an organization that promotes innovation, provides comprehensive services and builds community partnerships. Sunset Retirement Communities extends charitable care to those who exhaust their assets as well as provides special consideration and financial assistance, in both its admission and residency policies, to aged applicants who have no family to care for them, are of limited financial means, are in need of services the Organization provides and are residents of the greater Toledo, Ohio area. The Organization provides the following services to its residents: housing, assistance with activities of daily living (including bathing, dressing and walking), housekeeping, laundry and meal services. In addition, the Organization provides skilled nursing services and Hospice and palliative care services. 0 0 4275312 2485127 Sunset Retirement Communities (SRC) is licensed to participate in the Ohio Medicaid programs for both skilled nursing care and assisted living waiver. These programs provide coverage to individuals who meet certain requirements such as levels of care and income/asset based restrictions. The reimbursement rate Sunset Retirement Communities receives from these Medicaid programs is less than the market rate as well as the cost to provide these services. During 2015, the reimbursement SRC received from Medicaid was $1,790,185 less than the cost to provide the care to those residents. 8589937 12648875 Sunset Retirement Communities (SRC) provides personal care and long-term residency to elderly men and women. Care includes but is not limited to bathing, dressing, grooming, mobility and administration of medication. Accomodations include assisted living and congregate care apartments and skilled or long-term care nursing rooms. The Organization provides charitable care to residents with limited financial means and who have no family or friends to care for them. In addition, the Organization financially supports those who have outlived their financial assets during their residency at SRC, but who do not meet Medicaid requirements. During 2015, $32,125 was subsidized by SRC on behalf of those residents without the financial means to pay or had outlived their financial assets. 28257 The Organization provides various services to the community free of charge. These services include community health screenings, hands-on-training to medical students, food and clothing drives, use of meeting space within our facilities, staff time devoted to participating in various service organizations and assisting family members with understanding insurance and benefits. 12893506 1 1 0 0 0 0 0 0 1 0 1 1 0 1 0 1 1 0 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 0 0 0 0 1 52 0 1 427 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X Mark Minard CFO 4197241225 4040 Indian Road Toledo OH 43606 Alexander Due Trustee 1.00 X 0 0 0 Ryan D Butt Trustee 1.00 X 0 0 0 Robert Gatchel Trustee 1.00 X 0 0 0 Mary Beth Knake Trustee 1.00 X 0 0 0 Heidi Glosser Chair 1.00 X X 0 0 0 Brenda Lee Trustee 1.00 X 0 0 0 Robert S Loeb Treasurer 1.00 X X 0 0 0 Tim Konieczny Trustee 1.00 X 0 0 0 Charles McDowell Trustee 1.00 X 0 0 0 Margaret McFadden Trustee 1.00 X 0 0 0 Barbara Kopp Miller Trustee 1.00 X 0 0 0 Andrew Weiner Trustee 1.00 X 0 0 0 Henry Merce Trustee 1.00 X 0 0 0 Mark Sandretto Vice-Chair 1.00 X X 0 0 0 Connie S Swemba Trustee 1.00 X 0 0 0 Diana Waugh Secretary 1.00 X X 0 0 0 Arthur Morgan Trustee 1.00 X 0 0 0 Donald Mewhort Trustee 1.00 X 0 0 0 Judith Bishop-Pierce COO 40.00 X 159577 0 0 Vicky Bartlett CEO 40.00 X X 218667 0 10583 Mark Minard CFO 40.00 X 153620 0 0 531864 0 10583 3 0 1 0 Midwest Contracting Inc 1428 Albon Rd Holland OH 43528 General Contractor 1746607 Gordon Food Services Dept CH 10490 Palatine IL 600550490 Food Services 1361399 Ruscilli Construction 5000 Arlington Center Blvd Ste 300 Columbus OH 432200000 General Contractor 657952 Gladieux Lumber & Supply Co Inc 5120 Navarre Avenue Oregon OH 436167437 Contractor/Bldg Improvements 520204 Concept Rehab Inc 7150 Granite Circle Toledo OH 436170000 Therapy 431484 10 187541 187541 Patient Service Revenue 623990 11016664 11016664 Medicare/Medicaid Pmts 623990 4117338 4117338 15134002 1569604 1569604 4946143 4618417 2551 327726 -2551 325175 325175 40527 40527 40527 17256849 15134002 0 1935306 542448 423197 119251 6729448 5232721 1474511 22216 212557 121569 90988 761170 515180 245990 722888 508303 214585 78728 64863 13865 28286 28286 55120 55120 101652 101652 482253 397313 84940 205064 195431 9633 91326 2816 86898 1612 915550 703404 212146 4779 1727 3052 45544 16537 29007 1178994 1178994 1878171 1828832 49339 25416 25416 Food Costs 602957 602957 Repairs & Maintenance 431787 429465 2322 Other Expenses 392274 222531 163099 6644 State Mandated Fees 356991 356991 286106 286106 16129509 12893506 3195898 40105 602 552 15850959 11934356 1320 428 796733 1159147 63971 69083 605229 578041 52855655 23543454 26964068 29312201 4200677 5164825 28394623 27242235 4656970 4516530 81535152 79977398 2247625 3039692 27861688 26678740 30109313 29718432 X 48717667 47707950 261266 246445 2446906 2304571 51425839 50258966 81535152 79977398 1127340 -2294213 0 X X 0 1 X 1 0 X 268148 241343 209500 222722 187541 1129254 15661744 15399673 15604988 15743555 15134006 77543966 15929892 15641016 15814488 15966277 15321547 78673220 116371 159410 143782 177804 123187 720554 0 116371 159410 143782 177804 123187 720554 77952666 1027523 1300400 1466674 1485377 1569604 6849578 1027523 1300400 1466674 1485377 1569604 6849578 66902 84557 19943 26707 40527 238636 17024317 17025973 17301105 17478361 16931678 85761434 0.90890 0.91670 0.07990 0.07080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 15558 242757 242940 15375 0 2072702 2072702 43334810 20041619 23293191 7448143 3501835 3946308 29312201 Mutual Funds 19783630 F Bond Funds 5203222 F Real Estate Investment Trusts 2137602 F Investments-oth secs(detail)-990 1500 C Partnerships 116281 F 27242235 Accrued Interest on Investments 32597 Beneficial Interest in Perpetual Trust 2304571 Funds Held by Trustee 2178197 Deposits 1165 4516530 X 14965187 -2294213 -2294213 17259400 -2551 -2551 17256849 16132060 0 16132060 -2551 -2551 16129509 Part X, Line 2: The Organization adopted the provisions of accounting for uncertainty in income taxes. As a result of the implementation, there has been no impact on the Organization's financial statements. Part XI, Line 4b - Other Adjustments: Loss on Disposal of Fixed Assets Part XII, Line 4b - Other Adjustments: Loss on Disposal of Fixed Assets 1 X X X 0 1 0 0 0 0 0 0 0 Judith Bishop-Pierce COO 159577 0 0 0 0 0 0 0 0 0 159577 0 0 0 Vicky Bartlett CEO 198590 0 18067 0 2010 0 4333 0 6250 0 229250 0 0 0 Mark Minard CFO 153620 0 0 0 0 0 0 0 0 0 153620 0 0 0 A County of Lucas Ohio 346400806 549308BZ6 2011-11-10 4365000 Refunding of bonds 0 0 0 B County of Lucas Ohio 346400806 549308CA0 2011-11-10 6800000 Refunding of bonds 0 0 0 C County of Lucas Ohio 346400806 549308CB8 2011-11-10 5185000 Refunding of bonds 0 0 0 A 4269799 86258 1 0 1 1 B 6620888 134376 1 0 1 1 C 5185000 102462 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 Form 990, Part VI, Section B, line 11 The external audit firm prepares the Form 990 in conjuction with accounting staff at Sunset. The CFO reviews the Form 990. The audit firm presents the Form 990 to the audit/finance committee of Sunset. The chairman of the audit/finance committee, in conjuction with the CFO present the Form 990 to the full board. Given board approval, either the CEO or CFO sign the Form 990 prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization requires annual disclosures of any conflicts of interest. The Organization also encourages voluntary abstinence from voting on matters involving conflicts of interest. Form 990, Part VI, Section B, line 15 Sunset Retirement Communities executive/personnel committee establishes wage and salary ranges for all positions. On an annual basis the committee is provided salary survey information from LeadingAge Ohio and LeadingAge. These reports provide wage and salary data for Ohio and for the region and nation. The LeadingAge survey further breaks this data down by size of the organization (number of residents served) and annual revenues. The executive/personnel committee is delegated the responsibility for the annual review of the president and chief executive officer. This committee also determines the annual compensation for the president and CEO. The president and CEO are responsible for evaluating the performance of employees who report directly to them and are responsible for any adjustments to those employees compensation. Performance reviews are documented and filed in the employees personnel file along with written documentation of any wage adjustments. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part XII, Line 2c Sunset Retirement Communities, Inc.'s finance committee oversees the selection of the auditors and the audit process. This process has not changed from the prior year.