2015-09-21T12:36:50-05:00 2014-12-31 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2014-01-01 522095427 GREENSPRING VILLAGE INC GREE 7039234600 7440 SPRING VILLAGE DRIVE SPRINGFIELD VA 22150 EILEEN ERSTAD TREASURER 7039234600 2015-09-15 1 JULIA FLANNERY CPA P00928918 4102469300 2014 2016-02-25 16:41:14Z JOANNE RORAPAUGH 7440 SPRING VILLAGE DRIVE SPRINGFIELD VA 22150 86976359 0 X WWW.NATIONALSENIORCAMPUSES.ORG X 1997 MD PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. 10 10 1571 873 0 0 2153000 1445037 81677362 84829600 344490 259417 398294 418366 84573146 86952420 144968 762819 0 0 39539965 43351329 0 0 233455 42497129 46816288 82182062 90930436 2391084 -3978016 479861113 485625949 467381706 475901650 12479407 9724299 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 87324551 762819 84829600 GREENSPRING VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,404 INDEPENDENT LIVING UNITS, 144 ASSISTED LIVING UNITS AND 136 SKILLED NURSING BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. 87324551 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 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 97 0 1 1571 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X MONIKA GAJDA 4104022311 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 JOANNE RORAPAUGH CHAIRPERSON 3.00 11.00 X X 12500 40000 0 LARRY SHUBNELL PRESIDENT/VICE CHAIR 1.00 12.50 X X 7500 55000 0 ROY O'CONNOR SECRETARY 6.00 X X 10000 0 0 EILEEN ERSTAD TREASURER 2.00 19.00 X X 7500 51875 0 JIM ANDERS DIRECTOR 1.00 8.00 X 7500 70000 0 JACKSON BAIN DIRECTOR 1.00 9.00 X 7500 37500 0 MAURICE BELLAN DIRECTOR (THRU 4/1/14) 0.10 0.30 X 1875 5625 0 BETTY PRICE DIRECTOR 1.00 3.00 X 7500 25000 0 STEPHANIE REEL DIRECTOR 1.00 3.00 X 7500 27500 0 CAROLYN JACOBS DIRECTOR 0.40 1.20 X 5625 16875 0 RON WALKER DIRECTOR (BEG 4/2/14) 1.00 11.00 X 5625 40625 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 JEAN LANDREVILLE EXECUTIVE DIRECTOR 40.00 X 185770 0 17012 BERWICK DREWS DIRECTOR OF FINANCE 40.00 X 126975 0 7066 LYNN KEEFE DIRECTOR OF GENERAL SERVICES 40.00 X 139135 0 171 ERIC WHITSON DIRECTOR OF SALES 40.00 X 138994 0 13818 PAMELA HAMAN ASSOCIATE EXECUTIVE DIRECTOR 40.00 X 138371 0 7064 KAREN BOYCE DIRECTOR OF CONTINUING CARE 40.00 X 135587 0 8182 KIMBERLY JORDAN REHABILIATION MANAGER 40.00 X 131573 0 20109 1077030 370000 73422 15 0 1 0 POSITIVE GENERAL CONTRACTORS INC 2277 BEL PRE ROAD STE 200 SILVER SPRING MD 20906 CONTRACTUAL CONSTRUCTION 4093251 ERICKSON LIVING MANAGEMENT 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 MANAGEMENT 3534503 CYPRESS CONTRACTING 23465 ROCK HAVEN WAY SUITE 130 DULLES VA 20166 CONTRACTUAL CONSTRUCTION 1235146 LANTZ-BOGGIO ARCHITECTS 5650 DTC PKWY 200 GREENWOOD VILLAGE CO 80111 ARCHITECTURE 957729 JENKINS RESTORATIONS 22980 SHAW ROAD STERLING VA 20166 CONSTRUCTION 565929 20 494449 950588 1445037 RESIDENT FEES 623990 71761309 71761309 ANCILLARY FEES 623990 12998801 12998801 CONTRACT REVENUE 923990 32224 32224 RESIDENT DEPOSITS 623990 19866 19866 PROCESSING FEES 623990 17400 17400 84829600 271610 271610 420112 0 420112 420112 420112 12193 -12193 -12193 -12193 10000 494449 11746 -1746 -1746 86952420 84829600 0 677783 16285 16285 746534 746534 417448 417448 34423732 32982852 1272260 168620 469970 454784 13870 1316 5397573 5093286 291725 12562 2642606 2481876 147677 13053 3534503 3534503 72282 26444 45838 66888 66888 37179 37179 5774314 5030160 741449 2705 1256588 1256588 7925022 7811552 96792 16678 4680369 4680369 160284 119782 38115 2387 1818826 1818826 16493042 16493042 653878 653878 EQUIPMENT RENTAL 1858579 1688968 169068 543 RESIDENT RELATIONS 817286 749577 52118 15591 REALIZED LOSS ON SWAP A 770213 770213 ADMINISTRATIVE & MISC. 663331 614440 48891 233704 233704 90930436 87324551 3372430 233455 1325 1325 32575990 31078193 4034256 4890416 9413600 8020945 128599 141477 112656 84851 463617911 126392359 342519232 337225552 90415138 103464245 660317 718945 479861113 485625949 9039587 7502419 56946751 55354146 401395368 413045085 467381706 475901650 X 9975219 7092664 2504188 2067864 563771 12479407 9724299 479861113 485625949 X -3978016 -55357 1278265 X 0 1 X 1 0 X 1180381 827172 785274 2153000 1445037 6390864 78756977 81258725 86251325 81688612 84839600 412795239 79937358 82085897 87036599 83841612 86284637 419186103 100000 100000 100000 100000 100000 500000 0 100000 100000 100000 100000 100000 500000 418686103 450375 683459 790455 748272 691722 3364283 450375 683459 790455 748272 691722 3364283 80387733 82769356 87827054 84589884 86976359 422550386 0.99090 0.99080 0.00800 0.00820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22409038 22409038 415219792 110651329 304568463 23125275 13883227 9242048 2863806 1857803 1006003 337225552 BENEFICIAL INTEREST IN COMERICA LEGACY FOUNDATION 115585 F BENEFICIAL INTEREST IN NATIONAL CCRC BUSINESS TRUST I 103348660 F 103464245 ADVANCE DEPOSITS 1500904 RESIDENT DEPOSITS (NET) 397969634 RESIDENT REFUNDS 10974682 FUNDS HELD FOR RESIDENTS 342311 CLAIMS RESERVE 1251657 ACCRUED LIABILITY ON SWAP AGREEMENTS 797194 UNCLAIMED PROPERTY 8321 MARKETING FEE DEFERRED 23657 DEFERRED MANAGEMENT FEE 176725 413045085 X 88930702 -55357 2033639 1978282 86952420 0 86952420 91685810 698032 698032 90987778 -57342 -57342 90930436 PART X, LINE 2: GREENSPRING VILLAGE, INC. ("GSV") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE STATE INCOME TAX REGULATIONS. MANAGEMENT HAS EVALUATED GSV'S TAX POSITIONS AND HAS CONCLUDED THAT GSV HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT TO TRNA 681,086. SPECIAL FUNDRAISING EVENT EXPENSE NETTED WITH REVENUE ON FORM 990 11,746. CHANGE IN BENEFICIAL INTEREST IN NATIONAL CCRC BUSINESS TRUST 1,340,807. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSE NETTED WITH REVENUE ON FORM 990 11,746. ADJUSTMENT TO TRNA 681,086. REVERAL OF PRIOR AMORTIZATION 5,200. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED LOSS ON SWAP AGREEMENTS -57,342. ANNUAL GALA 504449 494449 10000 250 2259 6270 2967 504449 494449 10000 250 2259 6270 2967 11746 -1746 1 EDUCATIONAL SCHOLARSHIPS - SEE PART IV 89 746534 SCHEDULE I, PART I, LINE 2 SCHOLAR CANDIDATES MUST BE CURRENTLY EMPLOYED YEAR-ROUND AT GREENSPRING 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 GREENSPRING VILLAGE ON OR BEFORE SEPTEMBER 30, 2014. THE CANDIDATE MUST ALSO ACHIEVE 1,000 HOURS OF WORK DURING A TIME SPAN THAT BEGINS NO EARLIER THAN JUNE 1, 2014 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, 2014 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 2014 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. SCHEDULE I, PART II ON FORM 990, PART IX STATEMENT OF FUNCTIONAL EXPENSES, LINE 1, GREENSPRING VILLAGE, INC. (GSV) IS SHOWING GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE UNITED STATES IN THE AMOUNT OF $16,285. NO ORGANIZATIONS OR GOVERNMENTS WHO RECEIVED GRANTS FROM GSV DURING 2014 RECEIVED GRANTS GREATER THAN $5,000. X X X 0 0 0 0 0 0 0 0 0 JEAN LANDREVILLE EXECUTIVE DIRECTOR 139224 0 23000 0 23546 0 0 0 17012 0 202782 0 0 0 ERIC WHITSON DIRECTOR OF SALES 123567 0 15000 0 427 0 750 0 13068 0 152812 0 0 0 KIMBERLY JORDAN REHABILIATION MANAGER 123324 0 8053 0 196 0 4308 0 15801 0 151682 0 0 0 SCHEDULE J: JEAN LANDREVILLE AND ERIC WHITSON ARE INDIVIDUALS LISTED IN SCHEDULE J, PART II AND ARE EMPLOYEES OF ERICKSON LIVING MANAGEMENT, LLC ("ELM"), AN UNRELATED ORGANIZATION TO GREENSPRING VILLAGE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN GREENSPRING 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 THE FORM W-2. UNDER THE MANAGEMENT AGREEMENT, GREENSPRING VILLAGE, INC. REIMBURSES ELM FOR THE COST OF SERVICES PERFORMED FOR GREENSPRING VILLAGE, INC. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 540787833 30382EDS0 2006-10-12 35362678 REFUND PRIOR ISSUE (ORIGINAL ISSUE WAS PRE 2003) 0 0 0 B FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 540787833 2014-10-08 25630000 REFUND PRIOR ISSUE (ORIGINAL ISSUE WAS PRE 2003) 0 0 0 A 5430000 35362678 2232438 664685 32465555 1999 0 1 1 1 B 120000 25630000 25630000 1999 1 0 0 1 A 0 0 0 1 0 0 0 1 1 B 0 1 0 0 1 0 SUN TRUST BANK 15.000000000000 0 0 0 0 1 A 1 B 1 PART II, LINE 11, COLUMN A & B: PROCEEDS SPENT REFUNDING PRIOR ISSUES PART IV, LINE 2 (C) COLUMN A: A REBATE COMPUTATION WAS DONE ON JANUARY 24, 2012 REFLECTING ACTIVITY FROM OCTOBER 12, 2006 TO SEPTEMBER 30, 2011. AT THAT TIME IT WAS DETERMINED THAT NO REBATE WAS DUE. PART IV, LINE 2 (C) COLUMN B: REBATE COMPUTATION IS NOT DUE YET. PART IV, LINE 6, COLUMN A: PROCEEDS WERE HELD IN A YIELD RESTRICTED REFUNDING ESCROW. 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 ON APRIL 30, 2010, GREENSPRING VILLAGE, INC. ENTERED INTO A NEW MANAGEMENT AND MARKETING AGREEMENT WITH ERICKSON LIVING MANAGEMENT, LLC ("ELM") TO PROVIDE THE SERVICES PREVIOUSLY PROVIDED BY ERC. ELM IS A SUBSIDIARY OF REDWOOD-ERC SENIOR LIVING HOLDINGS, LLC, NOW KNOWN AS ERICKSON LIVING HOLDINGS, LLC WHICH, TOGETHER WITH OTHER RELATED ENTITIES, PURCHASED THE MAJORITY OF THE ASSETS OF ERC. 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 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. JEAN LANDREVILLE, EXECUTIVE DIRECTOR, BERWICK DREWS, DIRECTOR OF FINANCE, LYNN KEEFE, DIRECTOR OF GENERAL SERVICES, ERIC WHITSON, DIRECTOR OF SALES, PAMELA HAMAN, ASSOCIATE EXECUTIVE DIRECTOR, AND KAREN BOYCE, DIRECTOR OF CONTINUING CARE, 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 6 GREENSPRING 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 GREENSPRING 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 GREENSPRING VILLAGE WHO HAVE BEEN NOMINATED BY THE GREENSPRING 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 GREENSPRING VILLAGE, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER GREENSPRING 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 GREENSPRING 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 GREENSPRING 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 2012 AND WAS ACTED UPON BY THE BOARD IN EARLY 2013. 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 1,340,807. REVERSAL OF PRIOR AMORTIZATION -5,200. UNREALIZED LOSS ON SWAP AGREEMENTS -57,342. 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 RIDERWOOD VILLAGE INC 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 522126753 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 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