2015-11-13T13:18:19-06:00 2014-12-31 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2014-01-01 273168105 MASONIC HOME INDEPENDENT LIVING II INC MASO 5028974907 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 TODD LACY SR VP FINANCE & CFO 5028974907 2015-11-05 1 LEE GROZA P00034644 5027491900 2014 2016-02-25 16:41:14Z GARY MARSH 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 13338577 0 X WWW.MASONICHOMESKY.COM X 2010 KY TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES. 5 5 0 45 0 0 0 0 3883088 4458879 -328368 479566 900 0 3555620 4938445 0 0 0 0 0 0 0 0 0 6239212 5846667 6239212 5846667 -2683592 -908222 51228461 55590239 53308349 58463455 -2079888 -2873216 X TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES. 1 0 5042020 4458879 THE ORGANIZATION'S PURPOSE IS CONSTRUCTING, OWNING AND OPERATING A SENIOR LIVING COMMUNITY KNOWN AS MIRALEA. MIRALEA CONSISTS OF 90 INDEPENDENT LIVING APARTMENTS AND 12 RESIDENTIAL-STYLE PATIO HOMES THAT OPENED ON NOVEMBER 1, 2012. MIRALEA, WITH ITS AFFILITATION WITH MASONIC HOMES OF KENTUCKY, FORM A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH A LIFE CARE PRODUCT FOR SENIORS. MIRALEA OFFERS A TIERED APPROACH TO THE AGING PROCESS, ACCOMMODATING RESIDENTS CHANGING NEEDS AS THEY AGE THROUGH INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING CARE. MIRALEA PROVIDES SENIORS THE OPTION TO LIVE AN ACTIVE LIFESTYLE IN ONE LOCATION FOR THE DURATION OF THEIR REMAINING LIFE, WITH MUCH OF THEIR FUTURE CARE ALREADY PREDETERMINED BY THE RESIDENT AND THE LIFE CARE AGREEMENTS WITH MIRALEA. 5042020 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 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 1 0 0 0 1 24 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X CATHY KANNAPPLE 5027538800 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 MARTIN R WALTERS CHAIRMAN 0.80 1.60 X X 0 0 0 RONNIE G BELL VICE-PRESIDENT 0.80 1.60 X X 0 0 0 JOHN M SAMMONS SECRETARY 0.80 1.60 X X 0 0 0 RONALD S CAUGHRON TREASURER 0.80 2.40 X X 0 0 0 HAROLD E ARMSTRONG DIRECTOR 0.80 2.40 X 0 0 0 GARY MARSH PRESIDENT & CEO 2.00 36.00 X 0 253455 17090 TODD LACY SR VP FINANCE & CFO 2.00 36.00 X 0 150509 17827 0 403964 34917 0 0 1 0 BOSSE MATTINGLY CONSTRUCTORS INC 2116 PLANTSIDE DR LOUISVILLE KY 40299 CONSTRUCTION 1504842 GCD KENTUCKY LLC 600 N PEARL STREET 1600 DALLAS TX 75201 CONSULTING 377618 A G ARCHITECTURE 1414 UNDERWOOD AVE 301 WAUWATOSA WI 53213 ARCHITECTURE 326845 GREYSTONE DEVELOPMENT COMPANY II LP 225 E JOHN W CARPENTER FWY 700 IRVING TX 75062 CONSTRUCTION 186640 CLIFTONLARSONALLEN LLP 220 SOUTH 6TH ST SUITE 300 MINNEAPOLIS MN 55402 CONSULTING 133552 7 RESIDENT SERVICES 623990 4458879 4458879 4458879 332609 332609 8547089 8400132 146957 146957 146957 4938445 4458879 0 479566 522 522 15600 15600 45710 45710 75798 9630 66168 24849 24849 101928 22169 79759 62677 62677 272500 272500 17325 2648 14677 1288 1288 1700916 1700916 1432909 1432909 83595 83595 REIMBURSED SALARY EXPEN 1116874 591135 525739 EXPENSE ALLOCATION 366650 366650 FOOD 312071 312071 CORPORATE OVERHEAD 158836 158836 56619 247797 -191178 5846667 5042020 804647 0 966882 1401181 12491 0 17850 16220 11969 11710 38147451 2166054 32473605 35981397 8011907 9418720 9733757 8761011 51228461 55590239 331382 1018368 2316194 2085203 23902447 27524044 0 0 26758326 27835840 53308349 58463455 X -2079888 -2873216 -2079888 -2873216 51228461 55590239 -908222 114894 0 X X 0 1 X 1 0 X 2000000 2000000 68450 3883088 4458879 8410417 2000000 68450 3883088 4458879 10410417 0 0 0 10410417 149030 357152 332609 838791 149030 357152 332609 838791 900 900 2000000 217480 4241140 4791488 11250108 X 1000000 1000000 30752295 1872884 28879411 365380 40736 324644 896620 148093 748527 5133156 104341 5028815 35981397 CONTRACT ACQUISITION COSTS, NET 3606136 DEFERRED FINANCING COSTS, NET 992793 BOND ACCOUNTS 4141490 ACCRUED INTEREST 20592 8761011 REFUNDABLE DEPOSITS 986566 ACCRUED INTEREST PAYABLE 115959 REFUNDABLE ENTRANCE FEES AND DEPOSITS 26359136 DUE TO AFFILIATES 374179 27835840 X 5361672 114894 308333 423227 4938445 0 4938445 6155000 308333 308333 5846667 0 5846667 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE MORE-LIKELY-THAN-NOT APPROACH AS DEFINED IN THE ACCOUNTING STANDARDS CODIFICATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION'S 2011-2014 TAX YEARS REMAIN OPEN AND SUBJECT TO EXAMINATION. THE ORGANIZATION CLASSIFIES INTEREST AND PENALTIES WITH RESPECT TO MATERIAL UNCERTAIN TAX POSITIONS RECOGNIZED IN THE FINANCIAL STATEMENTS (WHEN APPLICABLE) AS INTEREST EXPENSE AND AS AN OPERATING EXPENSE, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: LTC EXPENSE/REVENUE COMBINED ON FINANCIALS 308,333. PART XII, LINE 2D - OTHER ADJUSTMENTS: LTC EXPENSE/REVENUE COMBINED ON FINANCIALS 308,333. 0 0 0 0 0 0 0 0 0 GARY MARSH PRESIDENT & CEO 0 246255 0 0 0 7200 0 9630 0 7460 0 270545 0 0 TODD LACY SR VP FINANCE & CFO 0 143309 0 0 0 7200 0 6231 0 11596 0 168336 0 0 PART I, LINE 3 THE RELATED ORGANIZATION, MASONIC HOMES OF KENTUCKY, INC., PAYS THE COMPENSATION TO GARY MARSH AND TODD LACY AND USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION. COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE A KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS 610600439 2011-08-11 24015000 CONSTRUCTION, DEVELOPMENT AND EQUIPPING OF THE ORGANIZATION 0 0 0 B KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS 610600439 2014-08-27 13000000 MIRALEA PHASE II CONSTRUCTION, A SERIES 5,600,000, B SERIES $7,400,000 0 0 0 A 23894235 3997294 679374 19073371 144196 2012 0 0 0 1 B 13000000 260000 3358199 9381801 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 1 B 1 FORM 990, PART III, LINE 2 ORGANIZATION IS EXPANDING CURRENTLY ADDING 30 NEW INDEPENDENT LIVING APARTMENT UNITS. THESE UNITS WILL BE COMPLETE AS OF AUGUST 2015. THE TOTAL APARTMENT UNITS AS OF AUGUST 2015 IS 120. FACILITY STILL MAINTAINS 12 RESIDENTIAL STYLE PATIO HOMES AS WELL. FORM 990, PART VI, SECTION A, LINE 6 MASONIC HOMES OF KENTUCKY, INC. IS THE "SOLE MEMBER" OF MASONIC HOME INDEPENDENT LIVING II, INC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE BOARD OF DIRECTORS OF MASONIC HOMES OF KENTUCKY, INC. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS OF MASONIC HOMES OF KENTUCKY, INC. SHALL HAVE THE AUTHORITY TO ADOPT BY-LAWS AND REGULATIONS AS MAY BE NECESSARY FOR THE GOVERNMENT OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS FIRST REVIEWED BY INTERNAL MANAGEMENT AND THEN A COPY IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY MEMBER OF THE BOARD HAVING AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OR A COMMITTEE THEREOF FOR AUTHORIZATION, APPROVAL, OR RATIFICATION SHALL MAKE A PROMPT, FULL, AND FRANK DISCLOSURE OF HIS INTEREST. OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS AND REMOVE THEMSELVES FROM ANY DISCUSSION AND VOTE WHERE THEY HAVE A CONFLICT. IF A CONFLICT IS DEEMED TO EXIST, SUCH A PERSON SHALL NOT VOTE ON, NOR USE HIS PERSONAL INFLUENCE ON, NOR PARTICIPATE (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) IN THE DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO SUCH CONTRACT OR TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANYONE; HOWEVER THE RELATED ORGANIZATION USES THE FOLLOWING PROCESS: THEY HAVE AN OUTSIDE INDEPENDENT CONTRACTOR DO A REVIEW OF SALARIES AND PROVIDE A SALARY SURVEY. THE FINANCE COMMITTEE USES THIS INFORMATION TO DOCUMENT AND APPROVE THE SALARIES. NATIONAL AND REGIONAL INDUSTRY AGENCIES PROVIDE YEARLY DATA REGARDING THESE ISSUES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, QUESTION 2C THE RELATED ORGANIZATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSEES THE AUDIT. THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. MASONIC HOMES OF KENTUCKY INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 610458374 TO PROVIDE AND MAINTAIN A HOME FOR WIDOWS OF DECEASED MASONS KY 501 (C) (3) LINE 7 N/A 0 MASONIC RETIREMENT VILLAGE OF TAYLOR MILL INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 311756851 TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR THE ELDERLY KY 501 (C) (3) LINE 9 MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOMES OF KENTUCKY PEDIATRIC DAYCARE INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 273248085 TO PROVIDE DAYCARE AND PRESCHOOL SERVICES. KY 501 (C) (3) LINE 9 MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOMES COMMUNITY BASED SERVICES INC 4338 13TH STREET ASHLAND KY 41102 273248199 TO PROVIDE SERVICES THAT ENABLE PEOPLE TO REMAIN LIVING IN THEIR HOMES. KY 501 (C) (3) N/A MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOME VILLAGE LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611292420 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME VILLAGE II LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611313979 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME VILLAGE III LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611337667 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME VILLAGE IV LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611399067 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME PROPERTIES INC 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611292421 RENTAL REAL ESTATE KY N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0