2016-11-07T08:16:03-06:00 2015-12-31 650437100 BOBBITT PITTENGER & COMPANY PA 1605 MAIN STREET SUITE 1010 SARASOTA FL 34236 990 2015-01-01 593472733 THE GLENRIDGE ON PALMER RANCH INC GLEN 9415525300 7333 SCOTLAND WAY SARASOTA FL 34238 JAMES W CATER CEO 9415525300 2016-11-07 1 KIMBALL R BOBBITT P00366902 9413664450 2016-11-01 2015 2017-02-10 21:41:12Z JAMES W CATER 7333 SCOTLAND WAY SARASOTA FL 34238 33343669 0 X WWW.THEGLENRIDGE.COM X 1997 FL THE GLENRIDGE SUPPORTS ITS MEMBERS AND CREATES AN ACTIVE, CARING COMMUNITY BY PROVIDING A CONTINUUM OF QUALITY LIFESTYLE PROGRAMS, HEALTH CARE PROGRAMS, AND OUTSTANDING ENRICHMENT OPPORTUNITIES. 7 7 444 0 21644 -18136 146182 114959 32354269 33041686 244734 24597 25691 21644 32770876 33202886 0 0 0 0 10750201 11340634 0 0 0 23025002 23757993 33775203 35098627 -1004327 -1895741 133871569 134254818 231617939 234464948 -97746370 -100210130 THE GLENRIDGE SUPPORTS ITS MEMBERS AND CREATES AN ACTIVE, CARING COMMUNITY BY PROVIDING A CONTINUUM OF QUALITY LIFESTYLE PROGRAMS, HEALTH CARE PROGRAMS, AND OUTSTANDING ENRICHMENT OPPORTUNITIES. 0 0 20659794 33056680 THE GLENRIDGE HAS A PERMANENT CERTIFICATE OF AUTHORITY AND CERTIFICATE OF NEED FROM THE STATE OF FLORIDA TO OPERATE AS A CONTINUING CARE RETIREMENT FACILITY. THE GLENRIDGE CONSTRUCTED A CONTINUING CARE RETIREMENT COMMUNITY CONTAINING APPROXIMATELY THREE HUNDRED NINETY-TWO (392) LIVING AND NURSING UNITS TO PROVIDE HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS IN SARASOTA, FL. 20659794 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 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 99 0 1 444 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X THE ORGANIZATION 9415525300 7333 SCOTLAND WAY SARASOTA FL 34238 X LEE HINKLE BOARD MEMBER 1.00 X 0 0 0 STEPHEN WAYNE STOTTLEMYER CHAIRMAN 1.00 X X 0 0 0 MARVIN ELLIOTT GROSS TREASURER 1.00 X X 0 0 0 VIRGINIA MARIE JUDGE SECRETARY 1.00 X X 0 0 0 DR RICHARD REHMEYER BOARD MEMBER 1.00 X 0 0 0 DONALD GEHLBACH BOARD MEMBER 1.00 X 0 0 0 CHARLES FAIST BOARD MEMBER 1.00 X 0 0 0 JAMES W CATER CEO 40.00 X 0 0 0 ANDREW DAVEY CFO 20.00 X 0 0 0 LISA K SNYDER DIRECTOR OF LIFE PLANNING 40.00 X 154623 0 0 ROBERT D SIDLOW LIFE PLAN CONSULTANT 40.00 X 154004 0 0 PAMELA D TURRELL LIFE PLAN CONSULTANT 40.00 X 127307 0 0 435934 0 0 3 0 1 0 TAYLOR BUILT CONSTRUCTION INC 7524 CASTLE DRIVE SARASOTA FL 34240 CONSTRUCTION 2464360 J2 SOLUTIONS INC 1505 TAMIAMI TRAIL SOUTH STE 404 VENICE FL 34285 CONSTRUCTION 1589165 PRAXEIS LLC 4250 LAKESIDE DRIVE SUITE 214 JACKSONVILLE FL 32210 MANAGEMENT/SALES 1283170 WOOLF FLOORING INC 9423 ALANBROOKE ST TAMPA FL 33637 CONSTRUCTION 782334 AEGIS THERAPIES INC PO BOX 8103 FORT SMITH AR 72902 THERAPY SERVICES 600523 5 114959 114959 RESIDENT SERVICES 623000 17813496 17813496 AMORTIZATION OF ADVANCE FEES 623000 7801450 7801450 HEALTHCARE SERVICES 623000 6512973 6512973 OTHER SERVICES 623000 913767 913767 33041686 143690 143690 6650 0 6650 6650 6650 21690 0 140783 21690 -140783 -119093 -119093 THEATRE TICKET SALES 711190 14994 14994 14994 33202886 33041686 21644 24597 9480260 8265175 1215085 1161462 1060692 100770 698912 608635 90277 1112088 1112088 18019 18019 44047 44047 3016 3016 397415 57152 340263 59910 20368 39542 117616 20863 96753 1864157 1831114 33043 85543 7104 78439 4186 3382 804 31574 15505 16069 8487132 8487132 4994277 4994277 672339 672339 EXT LOSS DEBT RETIREMEN 1512984 1512984 RESIDENT SUPPLIES 1461633 1461633 CONTRACT SERVICES 980880 980880 RESIDENT PROGRAMS 304619 304619 1606558 1028395 578163 35098627 20659794 14438833 0 3848412 5359657 2992088 3222295 80646 75920 1073849 709627 155317664 53232236 100129496 102085428 3895955 2930096 21851123 19871795 133871569 134254818 5053194 4092036 95791990 99655709 113696476 113198881 17076279 17518322 231617939 234464948 X -98523047 -101077154 776677 867024 -97746370 -100210130 133871569 134254818 X -1895741 -107047 -460972 X X 0 1 X 1 0 X 111722 111325 145683 146182 114959 629871 30452168 30284946 30878751 32374310 33056680 157046855 30563890 30396271 31024434 32520492 33171639 157676726 0 0 0 157676726 304390 302915 314284 233086 143690 1298365 6000 6000 6000 5650 6650 30300 310390 308915 320284 238736 150340 1328665 30874280 30705186 31344718 32759228 33321979 159005391 0.99160 0.99120 0.00840 0.00880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 776677 101368 -4382 6639 867024 607619 138376 30847 165 776677 435213 116736 61455 5785 607619 321587 111325 2301 435213 228808 106467 34 13722 321587 1.00000 1 0 6876296 6876296 138676704 45600327 93076377 3628383 2864175 764208 6136281 4767734 1368547 102085428 DEFERRED FINANCING COSTS 2339423 ESCROW DEPOSITS 358187 FUNDS LIMITED AS TO USE 5600369 FUNDS RESTRICTED FOR REVENUE BOND R 10381225 CERTIFICATE OF NEED 339839 FUNDS HELD FOR BENEVOLENT PURPOSES 852752 19871795 SWAP VALUATION 17160196 DEPOSITS-WAITING LIST 275626 DEPOSITS-WAIT LIST 2,500 82500 17518322 X 33069648 119093 119093 32950555 252331 252331 33202886 35533408 687112 687112 34846296 252331 252331 35098627 PART IV, LINE 2B: PURSUANT TO CHAPTER 651 OF THE FLORIDA STATUTES, FUNDS RECEIVED FROM FUTURE RESIDENTS AS RESERVATION DEPOSITS ARE HELD PURSUANT TO AN ESCROW AGREEMENT BY THE TRUSTEE AS ESCROW AGENT UNTIL THE RESERVED LIVING UNIT IS AVAILABLE FOR OCCUPANCY. PART V, LINE 4: THE FUNDS ARE TO BE USED FOR THE SUPPORT OF THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE GLENRIDGE. PART X, LINE 2: THE GLENRIDGE HAS ADOPTED THE PROVISIONS OF FASB ASC NO. 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO. 740"). ASC 740 REQUIRES THAT THE IMPACT OF TAX POSITIONS BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE GLENRIDGE'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE GLENRIDGE'S OPEN AUDIT PERIODS ARE 2013-2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 119,093. PART XI, LINE 4B - OTHER ADJUSTMENTS: BEAUTY BARBERSHOP EXPENSE 252,331. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET UNREALIZED LOSSES ON INVESTMENTS 107,047. SWAP OBLIGATION 460,972. LOSS ON SALE OF ASSETS 119,093. PART XII, LINE 4B - OTHER ADJUSTMENTS: BEAUTY BARBERSHOP EXPENSE 252,331. 0 0 0 0 0 0 0 0 0 LISA K SNYDER DIRECTOR OF LIFE PLANNING 56679 0 97944 0 0 0 0 0 0 0 154623 0 0 0 ROBERT D SIDLOW LIFE PLAN CONSULTANT 41874 0 112130 0 0 0 0 0 0 0 154004 0 0 0 A PUBLIC FINANCE AUTHORITY 00074442D 2011-05-25 63155000 REFUNDING OF 2006 BONDS, FUND CONSTRUCTION, PAY COSTS OF ISSUANCE 0 0 0 B SARASOTA COUNTY HEALTH FACILITIES AUTHORITY NONEAVAIL 2015-09-22 52000000 REFUNDING OF 2011B&C BONDS, FUND DEBT SERVICE RESERVE, CAPITAL IMPROVEMENTS 0 0 0 A 124085999 10071217 97630000 2239171 1134000 1 0 1 1 B 52000000 3139500 321076 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 1 1 PIPER JAFFREY FINANCIAL PRODUCTS 24.700000000000 0 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO AN AGREEMENT WITH PRAXEIS LLC ON 6/15/2002 WHERE PRAXEIS SHALL BE RESPONSIBLE FOR ALL DUTIES AND RESPONSIBILITIES RELATING TO THE MANAGEMENT AND DAY-TO-DAY OPERATIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO THE FINANCE COMMITTEE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ANNUALLY SIGN CONFLICT OF INTEREST AFFIDAVITS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY A SUB-COMMITTEE OF THE BOARD, TAKING INTO ACCOUNT RELEVANT VARIABLES AND BENCHMARKING AGAINST THE ANNUAL SURVEYS OF CEO COMPENSATION PROVIDED BY INDUSTRY ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THESE DOCUMENTS ARE AVAILABLE IN A PUBLIC SPACE (THE LIBRARY) FORM 990, PART XI, LINE 9: SWAP OBLIGATION VALUATION ADJUSTMENT -460,972. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.