2016-07-25T14:38:12-05:00 2015-12-31 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2015-01-01 522126753 RIDERWOOD VILLAGE INC RIDE 3015721300 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 EILEEN ERSTAD TREASURER 3015721300 2016-07-20 1 JAMES P SWEENEY CPA P01263012 4102469300 2015 2016-12-15 16:53:06Z JAMES ANDERS 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 117921507 0 X WWW.NATIONALSENIORCAMPUSES.ORG X 1998 MD PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. 10 10 1862 865 0 0 458682 610503 113630330 116456189 531128 329583 491924 485565 115112064 117881840 258766 226620 0 0 49954352 50328172 0 0 187176 54816217 61163462 105029335 111718254 10082729 6163586 597671742 588432877 543215130 530500390 54456612 57932487 X OUR MISSION IS TO PROMOTE AN ACTIVE AND ENGAGED QUALITY OF LIFE FOR SENIORS AND TO ACHIEVE EXCELLENCE IN SERVICES AND PROGRAMS WITH UNMATCHED VALUE FOR OUR PRESENT AND FUTURE RESIDENTS. WE WORK TO MAINTAIN AFFORDABILITY AND LIFELONG COMMITMENT FOR MIDDLE INCOME SENIORS WHILE ENSURING THE LONG-TERM FINANCIAL STABILITY OF THE COMMUNITY. 0 0 107082892 226620 116456189 RIDERWOOD VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,740 INDEPENDENT LIVING UNITS, 210 ASSISTED LIVING UNITS (INCLUDING 3 DOUBLE BED UNITS), AND 107 SKILLED NURSING UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. 107082892 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 196 0 1 1862 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X MONIKA GAJDA 4104022311 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 JIM ANDERS CHAIRPERSON 1.00 7.00 X X 12500 65000 0 BETTY PRICE PRESIDENT/VICE CHAIR 0.20 4.60 X X 7500 26875 0 PATRICIA DAVIS SECRETARY 7.00 2.00 X X 10000 1250 0 EILEEN ERSTAD TREASURER 3.00 19.00 X X 7500 80000 0 LARRY SHUBNELL DIRECTOR 1.00 15.00 X 7500 55000 0 JOANNE RORAPAUGH DIRECTOR 2.00 9.00 X 7500 45000 0 JACKSON BAIN DIRECTOR 0.30 11.90 X 7500 58125 0 STEPHANIE REEL DIRECTOR 0.40 1.20 X 7500 27500 0 CAROLYN JACOBS DIRECTOR 1.00 3.00 X 7500 27500 0 RON WALKER DIRECTOR 1.00 10.00 X 7500 40000 0 JOHN HALL ASSISTANT TREASURER 0.50 7.00 X 0 0 0 CHRIS RATHMANN ASSISTANT TREASURER 0.50 7.50 X 0 0 0 JAMES WALTER ASSISTANT TREASURER 0.50 7.00 X 0 0 0 CHARLES WARNER EXECUTIVE DIRECTOR 40.00 X 232887 0 20311 FLORENCE EDWARDS DIRECTOR OF FINANCE 40.00 X 122076 0 8737 JASON LONGWELL DIRECTOR OF SALES 40.00 X 185915 0 20255 LORI HAMILTON DIRECTOR OF CONTINUING CARE 40.00 X 153853 0 18034 PEACE OKE DIRECTOR OF NURSING CONTINUING CARE 40.00 X 141226 0 4576 BO-INGE LUNDH DIRECTOR OF OPERATIONS 40.00 X 139846 0 21081 NICOLE WALKER DIRECTOR OF HUMAN RESOURCES 40.00 X 136297 0 17227 1194600 426250 110221 22 0 1 0 ERICKSON LIVING MANAGEMENT 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 MANAGEMENT 3657107 NOOVIS 16 CHESTNUT ST SUITE 220 FOXBORO MA 02035 IT NETWORKING 2229649 CYPRESS CONTRACTING 23465 ROCK HAVEN WAY SUITE 130 DULLES VA 20166 BUILDER REMODELER 1736715 BUSINESS FLOORING INC 9105 WHISKEY BOTTOM ROAD LAUREL MD 20723 FLOORING CONTRACTOR 1641111 WASHINGTON SUBURBAN SANITARY COMMISSION 14501 SWEITZER LANE LAUREL MD 20707 TRASH DISPOSAL 1445246 25 249664 360839 14867 610503 RESIDENT FEES 623990 86868446 86868446 ANCILLARY FEES 623990 16997870 16997870 RESIDENT DEPOSITS 623990 12523129 12523129 CONTRACT REVENUE 623990 65694 65694 PROCESSING FEES 623990 1050 1050 116456189 341089 341089 490026 0 490026 490026 490026 11506 -11506 -11506 -11506 16800 249664 24661 -7861 -7861 6900 3500 3400 3400 117881840 116456189 0 815148 8670 8670 217950 217950 466511 466511 40413937 38528593 1750843 134501 608121 480670 125256 2195 5769221 5342038 408661 18522 3070382 2904389 156015 9978 3657107 3657107 40076 34711 5365 68102 68102 43024 43024 9816225 8674697 1141332 196 3067636 3067636 9753992 9632940 115270 5782 8856631 8856631 106436 86847 19309 280 1331498 1331498 18669817 18669817 660485 660485 LOSS ON EXTINGUISHMENT 1733405 1733405 REALIZED LOSS ON SWAP A 1033152 1033152 EQUIPMENT RENTAL 973274 959523 13028 723 ADMINISTRATIVE & MISC. 763310 712896 42856 7558 589292 421135 160716 7441 111718254 107082892 4448186 187176 3250 3050 36394194 31335136 8211948 6768582 11575064 9227213 184378 193276 2111748 1753831 623189541 133774851 497280100 489414690 40109041 49442204 1802019 294895 597671742 588432877 8819516 8967163 65735000 70837402 15485833 14907475 453174781 435788350 543215130 530500390 X 51267740 54709523 3188872 3222964 54456612 57932487 597671742 588432877 X 6163586 -70474 -2617237 X 0 1 X 1 0 X 730789 738086 494290 458682 610503 3032350 99398643 105734511 108759317 113633230 116479889 544005590 100129432 106472597 109253607 114091912 117090392 547037940 100000 100000 100000 100000 100000 500000 0 100000 100000 100000 100000 100000 500000 546537940 725905 768123 772565 1014828 831115 4112536 725905 768123 772565 1014828 831115 4112536 100855337 107240720 110026172 115106740 117921507 551150476 0.99160 0.99110 0.00750 0.00800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20838308 20838308 572711068 124196911 448514157 11633616 7492877 4140739 18006549 2085063 15921486 489414690 BENEFICIAL INTEREST IN CCI BENEVOLENT CARE FOUNDATION 36188 F BENEFICIAL INTERST IN NATIONAL CCRC BUSINESS TRUST 1 49406016 F 49442204 ADVANCE DEPOSITS 2932200 RESIDENT REFUNDS 13576164 RESIDENT DEPOSITS (NET) 413004475 ACCRUED LIABILITY ON SWAP AGREEMENTS 2993101 FUNDS HELD FOR RESIDENTS 30599 CLAIMS RESERVE 1406002 UNCLAIMED PROPERTY 12954 PARKING DEPOSITS 1650000 DEFERRED MANAGEMENT FEE 182855 435788350 X 116639268 -70474 -1172098 -1242572 117881840 0 117881840 113163393 1445139 1445139 111718254 0 111718254 PART X, LINE 2: RIDERWOOD VILLAGE, INC. ("RWV") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE STATE INCOME TAX REGULATIONS. SILVER OAKS CAMPUS, LLC ("SOC") IS A SINGLE-MEMBER LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE DISREGARDED FOR FEDERAL AND STATE INCOME TAX PURPOSES. SOC'S FINANCIAL STATEMENT ACTIVITY IS REFLECTED ON RWV'S BOOKS AND RECORDS. MANAGEMENT HAS EVALUATED RWV'S TAX POSITIONS AND HAS CONCLUDED THAT RWV HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SPECIAL FUNDRAISING & GAMING EVENTS NETTED ON FORM 990 28,161. ADJUSTMENT TO TRNA 451,221. CHANGE IN BENEFICIAL INTEREST IN NATIONAL CCRC BUSINESS TRUST I -1,651,480. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SPECIAL FUNDRAISING & GAMING EVENTS NETTED ON FORM 990 28,161. ADJUSTMENT TO TRNA 451,221. UNREALIZED LOSS ON SWAP AGREEMENT 965,757. GALA 266464 249664 16800 13238 2100 9323 266464 249664 16800 13238 2100 9323 24661 -7861 1 ALZHEIMERS ASSOCIATION NATIONAL CAPITAL AREA 3701 PENDER DRIVE STE 400 FAIRFAX VA 22030 521219428 501(C)(3) 5000 PROGRAM SERVICE 1 0 EDUCATIONAL SCHOLARSHIPS - SEE PART IV 109 217950 SCHEDULE I, PART I, LINE 2 SCHOLAR CANDIDATES MUST BE CURRENTLY EMPLOYED YEAR-ROUND AT RIDERWOOD VILLAGE. ONLY MEDICAL LEAVES OF ABSENCE ARE ALLOWABLE DURING THE TWO YEARS. OTHER REQUESTS FOR A LEAVE OF ABSENCE WILL BE REVIEWED AND DETERMINED CASE BY CASE. A SCHOLAR CANDIDATE MUST HAVE BEEN EMPLOYED BY RIDERWOOD VILLAGE ON OR BEFORE SEPTEMBER 30, 2015. THE CANDIDATE MUST ALSO ACHIEVE 1,000 HOURS OF WORK DURING A TIME SPAN THAT BEGINS NO EARLIER THAN JUNE 1, 2015 OF THEIR JUNIOR YEAR OF HIGH SCHOOL (300 OF 1,000 HOURS MUST BE COMPLETED BY THE END OF THEIR JUNIOR YEAR OF HIGH SCHOOL TO QUALIFY). ANY HOURS WORKED PRIOR TO JUNE 1, 2015 DO NOT COUNT TOWARDS THE 1,000 HOURS REQUIREMENT. CANDIDATES MUST ACHIEVE THE 1,000 HOUR REQUIREMENT AS WELL AS FULFILL THE TWO-YEAR MINIMUM EMPLOYMENT REQUIREMENT. CANDIDATES MUST BE IN "GOOD STANDING" FROM THEIR ORIGINAL DATE OF HIRE THROUGH THEIR LAST DAY OF WORK. TO MAINTAIN "GOOD STANDING," SCHOLAR CANDIDATES, AS EMPLOYEES, MUST ABIDE BY ALL EMPLOYMENT POLICIES AND PROCEDURES, TO INCLUDE GIVING TWO WEEKS NOTICE TO THEIR SUPERVISOR WHEN TERMINATING EMPLOYMENT. SCHOLAR CANDIDATES MUST COMPLETE EACH STEP AS OUTLINED IN THE PROGRAM DESCRIPTION BY THE RESPECTIVE DUE DATE. FURTHERMORE, CANDIDATES MUST TURN IN PROOF OF FULL-TIME STATUS WITHIN THE DATES SPECIFIED IN THE PROGRAM DESCRIPTION FOR EACH SPRING AND FALL SEMESTER THEY ATTEND SCHOOL. FAILURE TO DO SO WILL DISQUALIFY THE SCHOLAR THAT SEMESTER AND WILL COUNT TOWARDS ONE OF THE TWO ALLOWABLE SEMESTER LAPSES. CANDIDATES SHOULD INTEND TO GO TO COLLEGE OR TRADE SCHOOL AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST ATTEND SCHOOL FULL-TIME (12 CREDIT HOURS EACH SEMESTER) AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST BE ACCEPTED AND/OR REGISTERED IN THE FALL OF 2015 AT A TRADE SCHOOL, COLLEGE, OR UNIVERSITY TO BENEFIT. (IN EXCEPTIONAL CASES, A SCHOLAR CANDIDATE MAY ARRANGE TO START SCHOOL UP TO TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM, BUT THEY MUST MAKE ARRANGEMENTS WITH THE RESIDENT LIFE DEPARTMENT. THESE TWO SEMESTERS WILL COUNT AS THE TWO ALLOCABLE SEMESTER LAPSES.) SCHOLARS WHO LAPSE FROM THE PROGRAM FOR MORE THAN A TOTAL OF TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM ARE NO LONGER ELIGIBLE TO RECEIVE THE AWARD. X X X 0 0 0 0 0 0 0 0 0 CHARLES WARNER EXECUTIVE DIRECTOR 185647 0 44000 0 3240 0 0 0 20311 0 253198 0 0 0 JASON LONGWELL DIRECTOR OF SALES 162886 0 22000 0 1029 0 0 0 20255 0 206170 0 0 0 LORI HAMILTON DIRECTOR OF CONTINUING CARE 134006 0 18600 0 1247 0 0 0 18034 0 171887 0 0 0 BO-INGE LUNDH DIRECTOR OF OPERATIONS 121971 0 17200 0 675 0 750 0 20331 0 160927 0 0 0 NICOLE WALKER DIRECTOR OF HUMAN RESOURCES 121546 0 14400 0 351 0 750 0 16477 0 153524 0 0 0 SCHEDULE J, PART II: ALL OF THE INDIVIDUALS LISTED IN SCHEDULE J, PART II ARE EMPLOYEES OF ERICKSON LIVING MANAGEMENT, LLC ("ELM"), AN UNRELATED ORGANIZATION TO RIDERWOOD VILLAGE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN RIDERWOOD VILLAGE, INC. AND ELM. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ELM IS THE ISSUER OF THESE FORMS W-2. UNDER THE MANAGEMENT AGREEMENT, RIDERWOOD VILLAGE, INC. REIMBURSES ELM FOR THE COST OF SERVICES PERFORMED FOR RIDERWOOD VILLAGE, INC. A MONTGOMERY COUNTY MARYLAND 526000980 2015-04-01 105000000 PART REFUND, PART NEW MONEY. PRIOR BOND ISSUE 3/1/2004. 0 0 0 A 702000 105000000 401973 7532429 63780000 33285598 1 0 0 0 A 1 1 1 1 0 0.00430 0.00430 0 0 1 A 0 1 0 0 1 1 M&T BANK 10.000000000000 0 0 0 0 1 A 1 PART II, LINE 12: DRAWDOWN WITH A REMAINING BALANCE OF $33,285,598 TO BE SPENT ON CAPITAL EXPENDITURES. PART III, LINE 1: THE ORGANIZATION IS THE SOLE MEMBER OF A DISREGARDED ENTITY WHICH OWNS BOND-FINANCED PROPERTY. FORM 990, PART VI, SECTION A, LINE 1 UNDER THE BYLAWS OF THE ORGANIZATION, THE BOARD HAS DELEGATED AUTHORITY TO AN EXECUTIVE COMMITTEE COMPRISED OF THE ORGANIZATION'S CHAIRMAN, PRESIDENT, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE ORGANIZATION EXCEPT FOR THOSE ACTIONS RESERVED SOLELY TO THE MEMBER OR THE DIRECTORS UNDER THE GENERAL LAWS OF THE STATE OF MARYLAND. FORM 990, PART VI, SECTION A, LINE 3 RIDERWOOD VILLAGE, INC. ENTERED INTO A MANAGEMENT AND MARKETING AGREEMENT ON APRIL 30, 2010 WITH ERICKSON LIVING MANAGEMENT, LLC ("ELM"). ELM IS A MARYLAND LIMITED LIABILITY COMPANY WHICH OPERATES AND MANAGES LARGE SCALE CONTINUING CARE RETIREMENT COMMUNITIES. THE MANAGEMENT AGREEMENT COMPLIES WITH REV. PROC. 97-13. THE ORGANIZATION AND THE MANAGER AMENDED THE MANAGEMENT AND MARKETING AGREEMENT TO REVISE CERTAIN PROVISIONS RELATING TO THE MARKET TESTING OF THE MANAGEMENT FEES AND TO REPLACE THE CONTRACT EXECUTION POLICY WITH AN UPDATED VERSION OF THE POLICY. THE FOLLOWING OFFICERS ARE LISTED IN PART VII, AS NON-COMPENSATED OFFICERS OF THE FILING ORGANIZATION, JOHN HALL, JAMES WALTER, AND CHRIS RATHMANN. THEIR DUTIES ARE CONSIDERED PERFORMED PRO BONO. CHARLES WARNER, EXECUTIVE DIRECTOR, FLORENCE EDWARDS, DIRECTOR OF FINANCE, JASON LONGWELL, DIRECTOR OF SALES, LORI HAMILTON, DIRECTOR OF CONTINUING CARE, BO-INGE LUNDH, DIRECTOR OF OPERATIONS, AND NICOLE WALKER, DIRECTOR OF HUMAN RESOURCES, ARE LEASED EMPLOYEES FROM THE MANAGEMENT COMPANY. THE FILING ORGANIZATION REIMBURSES THE MANAGEMENT COMPANY FOR THEIR COMPENSATION WHICH IS REPORTED ON FORM 990, PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 4 DURING 2015, THE ORGANIZATION APPROVED AMENDED AND RESTATED BYLAWS PROVIDING ADDITIONAL AUTHORITY TO THE ORGANIZATION'S MEMBER, NATIONAL SENIOR CAMPUSES, INC., ("NSC"), INCLUDING CERTAIN RESERVED POWERS AND IDENTIFYING CERTAIN POWERS THAT ARE SHARED BETWEEN NSC AND THE ORGANIZATION. THE CHANGES WILL ENABLE NSC AS A SUPPORTING ORGANIZATION AND THE ORGANIZATION AS A SUPPORTED ORGANIZATION (AS WELL AS NSC'S OTHER SUPPORTED ORGANIZATIONS) TO PURSUE THEIR CHARITABLE MISSIONS IN A MORE EFFICIENT, EFFECTIVE AND COORDINATED MANNER. THE AMENDED & RESTATED BYLAWS ARE EXPECTED TO GO INTO EFFECT IN 2016. FORM 990, PART VI, SECTION A, LINE 6 RIDERWOOD VILLAGE, INC.'S SOLE MEMBER IS NATIONAL SENIOR CAMPUSES, INC. ("NSC"). NSC IS A MARYLAND NON-STOCK CORPORATION. NSC IS A "SUPPORTING ORGANIZATION" WITH RESPECT TO RIDERWOOD VILLAGE, AS WELL AS CERTAIN OTHER ORGANIZATIONS SPECIFIED IN ITS GOVERNING DOCUMENTS. AS REQUIRED BY THE REGULATIONS RELATING TO "SUPPORTING ORGANIZATIONS," CERTAIN MEMBERS OF THE BOARD OF DIRECTORS OF NSC WILL ALSO BE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE NATIONAL SENIOR CAMPUSES, INC. BOARD OF DIRECTORS APPOINTS THE DIRECTORS OF RIDERWOOD VILLAGE WHO HAVE BEEN NOMINATED BY THE RIDERWOOD VILLAGE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN EXTRAORDINARY ACTIONS OF THE CORPORATION REQUIRE THE APPROVAL OF THE MEMBER UNDER APPLICABLE STATE LAW. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD APPOINTS A COMMITTEE FROM AMONG ITS DIRECTORS AS WELL AS THE DIRECTORS FROM ONE OR MORE RELATED ENTITIES TO OVERSEE THE PREPARATION OF FORM 990. THE BOARD CHAIR HAS THE RESPONSIBILITY TO REVIEW FORM 990 PRIOR TO ITS FILING OR TO DESIGNATE ANOTHER BOARD MEMBER TO REVIEW THE FORM. THE FULL BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FINAL VERSION OF FORM 990 BEFORE IT IS FILED AND ASK QUESTIONS OF THE COMMITTEE OR THE REVIEWER REGARDING THE FORM. THE BOARD CHAIR DESIGNATES AN OFFICER TO SIGN FORM 990. FORM 990, PART VI, SECTION B, LINE 12C RIDERWOOD VILLAGE, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER RIDERWOOD VILLAGE, INC.'S AFFAIRS, COMMITTEE MEMBERS, PROSPECTIVE DIRECTORS, AND SENIOR STAFF PROVIDING SERVICES TO THE ORGANIZATION UNDER A MANAGEMENT AGREEMENT. EACH COVERED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND AS POTENTIAL CONFLICTS ARISE DURING THE YEAR. THESE STATEMENTS ARE REVIEWED BY THE BOARD CHAIR. IF THE CONFLICT INVOLVES A COVERED EMPLOYEE, THE CHAIR DETERMINES WHETHER A CONFLICT EXISTS AND, IF SO, HOW IT IS TO BE HANDLED, OR THE CHAIR MAY REFER THE MATTER TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FOR ALL OTHER CONFLICTS, THE BOARD OF DIRECTORS OR A COMMITTEE OF DISINTERESTED DIRECTORS WILL DETERMINE WHETHER A CONFLICT ACTUALLY EXISTS. A COVERED PERSON MAY NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE BY THE BOARD BUT MAY ANSWER QUESTIONS OR PROVIDE CLARIFYING INFORMATION UNLESS ANY BOARD MEMBER OBJECTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS APPROVED A DIRECTORS' COMPENSATION POLICY WHICH ESTABLISHES THE PROCESS BY WHICH ALL DIRECTOR COMPENSATION IS DETERMINED. OFFICERS SERVE WITHOUT COMPENSATION. A REVIEW OF THE DIRECTORS' COMPENSATION IS CONDUCTED EACH FISCAL YEAR. COMPENSATION IS APPROACHED ON AN OVERALL BASIS AND THE TOTAL VALUE OF ALL FORMS OF COMPENSATION IS ESTABLISHED AND MONITORED. AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY RETAINED TO PERFORM AN ANALYSIS OF RIDERWOOD VILLAGE, INC.'S COMPENSATION USING COMPARABLES OF BOTH FOR-PROFIT AND NON-PROFIT PEERS. A COMMITTEE OF THE NSC BOARD REVIEWS THE CONSULTANT'S REPORT AND MAKES A RECOMMENDATION TO THE ORGANIZATION AS TO APPROPRIATE COMPENSATION OF DIRECTORS. THE FULL BOARD HAS ACCESS TO RIDERWOOD VILLAGE INC.'S CONSULTANT'S REPORT AND AN OPPORTUNITY TO QUESTION THE CONSULTANT ABOUT THE PROCESS, METRICS, AND COMPARABLES THAT WERE USED IN DETERMINING THE RECOMMENDED COMPENSATION. THE BOARD THEN VOTES ON THE COMPENSATION RECOMMENDATIONS AND A CONTEMPORANEOUS RECORD IS MADE OF THE MEETING AND THE VOTE. THE CONSULTANT REVIEW WAS LAST UNDERTAKEN IN 2014 AND WAS ACTED UPON BY THE BOARD IN EARLY 2015. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EXECUTIVE DIRECTOR'S OFFICE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN NATIONAL CCRC BUSINESS TRUST I -1,651,480. UNREALIZED LOSS ON SWAP AGREEMENT -965,757. SILVER OAKS CAMPUS LLC 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 522015241 OWNER OF LAND AND BUILDINGS MD 0 566243113 RIDERWOOD VILLAGE INC ASHBY PONDS INC 21170 ASHBY PONDS BLVD ASHBURN VA 20147 205609803 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 BROOKSBY VILLAGE INC 100 BROOKSBY VILLAGE DRIVE PEABODY MA 01960 522126755 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 CEDAR CREST VILLAGE INC 1 CEDAR CREST VILLAGE DRIVE POMPTON PLAINS NJ 07444 522184915 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 EAGLE'S TRACE INC 14703 EAGLE VISTA DRIVE HOUSTON TX 77077 030498683 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 FOX RUN VILLAGE INC 41000 13 MILE ROAD NOVI MI 48377 522291271 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 ANN'S CHOICE INC 10000 ANNS CHOICE WAY WARMINSTER PA 18974 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HICKORY CHASE INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 208991395 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HIGHLAND SPRINGS INC 8000 FRANKFORD ROAD DALLAS TX 75252 510536892 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 LINDEN PONDS INC 300 LINDEN PONDS WAY HINGHAM MA 02043 141849849 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 MARIS GROVE INC 100 MARIS GROVE WAY GLEN MILLS PA 19342 550878964 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 NATIONAL SENIOR CAMPUSES INC 5425 WISCONSIN AVE SUITE 600 CHEVY CHASE MD 20815 204356247 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 NATIONAL SENIOR CAMPUSES FOUNDATION INC 5425 WISCONSIN AVE SUITE 600 CHEVY CHASE MD 20815 030611973 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 OAK CREST VILLAGE INC 8800 WALTHER BOULEVARD PARKVILLE MD 21234 521874053 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 SEABROOK VILLAGE INC 3000 ESSEX ROAD TINTON FALLS NJ 07753 522126751 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 TALLGRASS CREEK INC 13800 METCALF AVENUE OVERLAND PARK KS 66223 870765641 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 WIND CREST INC 3235 MILL VISTA ROAD HIGHLANDS RANCH CO 80129 510549976 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 GREENSPRING VILLAGE INC 7440 SPRING VILLAGE DRIVE SPRINGFIELD VA 22150 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 LANTERN HILL INC 535 MOUNTAIN AVENUE NEW PROVIDENCE NJ 07974 371742780 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0