2016-06-13T15:10:13-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2015-01-01 620698709 PRESBYTERIAN HOMES OF TENNESSEE INC PRES 8656903411 801 VANOSDALE ROAD KNOXVILLE TN 37909 WILLIAM R THOMAS JR PRESIDENT/CEO 8656903411 2016-06-12 1 JOHN NORMAN P01506766 7049985200 2016-06-02 2015 2016-09-27 15:27:22Z WILLIAM R THOMAS JR 801 VANOSDALE ROAD KNOXVILLE TN 37909 31318180 0 X WWW.SHANNONDALETN.COM X 1968 TN THE ORGANIZATION OWNS AND OPERATES TWO CONTINUING CARE RETIREMENT COMMUNITIES. 15 15 680 0 0 0 208257 201158 29225183 30204055 869335 804090 104836 108877 30407611 31318180 0 0 0 0 17487304 19573011 0 0 0 12065323 12701408 29552627 32274419 854984 -956239 68195994 74424475 41837828 48193089 26358166 26231386 X THE ORGANIZATION IS AN EXEMPT ORGANIZATION RELATED TO THE PRESBYTERIAN CHURCH OF TN. THE ORGANIZATION OWNS AND OPERATES TWO CONTINUING CARE RETIREMENT COMMUNITIES CONSISTING OF RESIDENTIAL RETIREMENT COMPLEXES, ASSISTED LIVING FACILITIES, AND SKILLED NURSING FACILITIES. 0 0 15970748 20645952 EXPENSES RELATED TO PROVIDING SKILLED NURSING AND RELATED HEALTH CARE SERVICES TO THE ELDERLY. THERE ARE 244 RESIDENT BEDS AVAILABLE AND 77,952 DAYS OF SERVICES WERE PROVIDED. 4825658 7407215 EXPENSES INCURRED PROVIDING RETIREMENT HOME AND RELATED SERVICES TO THE ELDERLY. 135,364 DAYS WERE PROVIDED. 2040491 3265014 EXPENSES INCURRED PROVIDING ASSISTED LIVING AND RELATED SERVICES TO THE ELDERLY. THERE ARE 88 PATIENT BEDS AND 26,094 DAYS WERE PROVIDED. 417903 30 BED SKILLED NURSING FACILITY THAT BEGAN OPERATIONS ON DECEMBER 1, 2015. 417903 23254800 1 0 0 0 0 0 0 0 0 0 1 1 0 0 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 26 0 1 680 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X GLEN MCDANIEL 8656903411 7424 MIDDLEBROOK PIKE KNOXVILLE TN 37909 DEBBIE JONES CHAIRMAN 1.00 X X 0 0 0 SANDY MARTIN SECRETARY 1.00 X X 0 0 0 CHARLES WEST MEMBER 1.00 X X 0 0 0 MIKE DALTON VICE CHAIRMAN 1.00 X X 0 0 0 DALE KEASLING TREASURER 1.00 X X 0 0 0 SUZY GARNER BOOKER MEMBER 1.00 X 0 0 0 DOUG OVERBEY MEMBER 1.00 X 0 0 0 HOLLY BURKETT MEMBER 1.00 X 0 0 0 JOE COLQUITT MEMBER 1.00 X 0 0 0 CRAIG JARVIS MEMBER 1.00 X 0 0 0 WILLIAM HURT MEMBER 1.00 X 0 0 0 FRANK MYERS MEMBER 1.00 X 0 0 0 WILLIAM REEVES MEMBER 1.00 X 0 0 0 GAINES PITTENGER MEMBER 1.00 X 0 0 0 MICHAEL MILLER MEMBER 1.00 X 0 0 0 WILLIAM R THOMAS PRESIDENT/CEO 37.50 X 232556 0 23256 TODD TAYLOR ADMINISTRATOR 37.50 X 132567 0 13257 DAVID MAXWELL ADMINISTRATOR 37.50 X 106871 0 10687 471994 0 47200 3 0 1 0 LANDSCAPE WORKSHOP 550 MONTGOMERY HIGHWAY SUITE 200 VESTAVIA HILLS AL 35216 LAWN CARE 155383 1 201158 201158 GENERAL SERVICE FEES 623000 23859132 23859132 6344923 6344923 30204055 742091 742091 61999 0 61999 61999 61999 MEALS - GUESTS AND EMPLOYEES 623000 86806 86806 22071 22071 108877 31318180 30312932 0 804090 14177021 12705720 1471301 2313235 2313235 2049523 2049523 1033232 1033232 84478 84478 103159 103159 43170 43170 1301604 1232407 69197 100794 100794 134985 81094 53891 139318 139318 2813962 2813962 24211 4960 19251 25486 17027 8459 203989 203989 2595935 2583610 12325 MEDICAL SUPPLIES 2352471 2352471 FOOD COSTS 1320528 1320528 LICENSES & DUES 943506 943506 BAD DEBT 174516 174516 339296 143021 196275 32274419 23254800 9019619 0 425280 326124 1968711 607530 1855762 2117294 219682 243386 97826 122779 103153923 41100785 52594296 62053138 10699662 8746226 334775 207998 68195994 74424475 1771600 1452083 28054230 28245614 7378606 15333878 4633392 3161514 41837828 48193089 X 25941073 25759539 417093 471847 26358166 26231386 68195994 74424475 X -956239 -787054 1616513 X X 0 1 X 1 0 X 418506 275225 234642 208257 201158 1337788 30094761 29230554 29549167 29225183 30204055 148303720 30513267 29505779 29783809 29433440 30405213 149641508 0 0 0 149641508 267503 387253 625384 696517 742091 2718748 267503 387253 625384 696517 742091 2718748 2311578 877307 215300 104836 108877 3617898 33092348 30770339 30624493 30234793 31256181 155978154 0.95940 0.96200 0.01740 0.01470 X 3728763 3728763 90126388 35087039 55039349 1709426 1709426 7031706 5785552 1246154 557640 228194 329446 62053138 LONG TERM INVESTMENTS 8746226 F 8746226 ACCRUED PENSION LIABILITIES 3161514 3161514 X 31204151 19505 19505 31184646 133534 133534 31318180 32274419 0 32274419 0 32274419 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE CORPORATION FILES AS A TAX-EXEMPT ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF THE CORPORATION. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR THE CORPORATION. THE CORPORATION FOLLOWS GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE HAS HAD NO IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 19,505. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 133,534. 1 X X X 0 0 0 0 0 0 0 0 0 WILLIAM R THOMAS PRESIDENT/CEO 232556 0 0 0 0 0 23256 0 0 0 255812 0 0 0 A THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF BLOUNT COUNTY TENNESSEE 621192419 NONEAVAIL 2009-12-04 12263362 REFUND OF OLD BONDS AND REFINANCE OTHER DEBT 1 1 0 B THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF BLOUNT COUNTY TENNESSEE 621192419 NONEAVAIL 2014-07-24 10000000 FINANCE BUILDINGS AND STRUCTURES 0 0 0 A 6704603 12263362 84610 3178752 9000000 2009 1 0 1 1 B 100304 10000000 87332 762116 9150572 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INURNMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY JOB PERFORMANCE, AS WELL AS THE GOING RATE IN THE AREA, AND IS THEN APPROVED BY THE BOARD. THE PROCESS WAS LAST UNDERTAKEN FOR WILLIAM R. THOMAS, CEO & PRESIDENT ON 1/1/14, TODD TAYLOR, ASSISTANT ADMINISTRATOR ON 8/4/14 AND DAVID MAXWELL, ADMINISTRATOR ON 3/14/14. 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 XI, LINE 9: OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS 1,616,513. ASSETS RELEASED FROM RESTRICTIONS 0. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.