2015-02-06T13:12:34-07:00 2014-06-30 990 2013-07-01 810247706 IMMANUEL LUTHERAN CORPORATION OF KALISPELL MONTANA IMMA 4067529622 185 Crestline Avenue Kalispell MT 59901 Jason Cronk CEO 4067529622 2015-01-19 2013 2016-02-25 16:41:14Z Immanuel Lutheran Communities Buffalo Hill Terrace Jason R Cronk PO Box 9562 Kalispell MT 59901 16621188 0 9386 X ilcorp.org X 1953 MT Mission Statement: Enriching lives by providing Christian communities of support and loving care. Our core values are: Compassion, Excellence, Respect, Integrity, Positive Workplace, Stewardship. The primary purpose of Immanuel Lutheran Communities (DBA) is to maintain and operate a continuing care retirement community that provides housing and services required by the elderly, designed to maintain the physical well being of the residents including the provision of such specialized services as meals, housekeeping, laundry, transportation, social activity programs and security. ILC is committed to a policy of maintaining in residence any person who becomes unable to pay their regular charges by seeking funds from local and federal welfare units, soliciting funds from its sponsoring organization, its members or the general public, or by some combination thereof. 13 13 380 300 -30496 0 289877 290157 14400437 14918328 145038 315452 -22020 -30496 14813332 15493441 0 0 0 0 8604592 8874546 0 0 253607 5418058 5845675 14022650 14720221 790682 773220 29294085 29953946 15860411 15457349 13433674 14496597 Dedicated to providing an environment of Christian love and care for senior and disabled citizens of every origin and religious preference with a comprehensive program designed to respond to all the physical, emotional, social, and spiritual needs of the residents. 0 0 11428873 0 14918328 Immanuel Lutheran Corporation of Kalispell, Montana was incorporated in the State of Montana on September 7, 1953. It is an affiliated social ministry organization recognized by the Evangelical Lutheran Church in America and its membership consists of those Lutheran congregations affiliated with the Montana Synod, but operates independently and bears sole responsibility for its fiscal solvency. As a not-for-profit corporation (DBA-Immanuel Lutheran Communities), it operates a 139 bed skilled nursing facility (DBA-Immanuel Skilled Care Center "ISCC"), a 16 bed rehabilitation facility (DBA-The Retreat at Buffalo Hill) and a 112 apartment independent and assisted living facility (DBA-Buffalo Hill Terrace "BHT). Immanuel Lutheran has grown into one of the largest continuing care retirement communities in the State of Montana. Program Services Accomplishments: ISCC and the Retreat provided 43,743 days of care to its elderly and disabled population of which 9,801 days were for specialized dementia care. Immanuel Lutheran again was one of the largest providers of Medicaid long-term care in Flathead County providing 24,436 days of care. The short-fall between our cost to provide care to Medicaid recipients and the reimbursement received is estimated to be about $1,140,000 for the fiscal year ending June 30, 2014. Services provided to all residents are skilled nursing, assistance with activities of daily living, physical therapy, occupational therapy, speech therapy, social and recreational activities, pastoral services, meals, housekeeping and laundry. Buffalo Hill Terrace had a total census of 40,166 days for the fiscal year which equates to a 98% occupancy. BHT served on average 41 assisted living residents a day. Along with the assisted living, other services available to all residents are rehabilitative services, social and recreational activities, pastoral services, meals, housekeeping and laundry. Social Accountibility Report: In keeping with our Mission Statement, listed here are ways that Immanuel Lutheran serves the community in which we work and serve: Hosted 3 blood drives with Red Cross, Meeting space for Flathead Youth Homes to hold staff training event, Donated framed art to the Flathead Food Bank Second Helpings Thrift Store, Donated furniture to the Flathead Industries Thrift Store, Hosted a community "Trick or Treat" event providing a safe alternative for hundreds of community children to spend Halloween, Host location for Care Team Ministry, helping church ministries to serve homebound and respite needs, Donated $1,000 purchased t-shirts sponsored over 40 staff walk team partners and served as co-chair for organizing the event for the "Walk to End Alzheimer's", Purchased lunches in the "Neighbors in Need" fundraising Chill Lunch event, Members of the Kalispell Chamber and participated in the Annual Banquet Fundraiser, Provided meals for the 'Habitat for Humanity Build" project, Hosted all staff in-service programs that allowed for Habitat for Humanity and The Nurturing Center to present to staff programs in the community that enrich and support their family needs, Host Care Giver Support Groups, Host educational groups for community members facing life changes due to a diagnosis of Alzheimer's or other related dementia, Host the community Children's Theatre to perform for the residents, Host summer concert events for residents and the community to participant in community performances, United Way Community program awareness "Shair Fair" and a sponsoring member of the Hockaday Musemum of Art. Provided meeting space for community nonprofit agencies: Sons of Norway, National Active and Retired Federal Employees Association (NARFE), Kalispell branch of the the American Association of University Women (AAUW), Association for the Blind and the MS Support Group. Staff members currently serve on the following boards and other related community services projects: Montana Health Care Association, National/Montana Alzheimer's Association, Rotary, Leadership Flathead, Montana Ambassadors Board, Area Agency on Aging, Local Health Expo and Geriatric Mental Health Conference, Board of the the 2014 Flathead County Governor's Conference on Aging, American Association of University Women, Imagine IF Library Foundation Board of Trustees, Flathead County Healthcare Coalition, Kalispell Chamber of Commerce, Glacier Symphony and Chorale, American Indian Services, Geriatric Care and Mental Health Advisory Council, Flathead Care Transitions Coalition, United Way Board, Christ Care Ministry and Church Clustor for the ELCA. In addition, Immanuel Lutheran Communities shows environmental citizenship by recycling cardboard, plastic, paper and aluminum cans. We are working with out-of-state vendors to incorporate curbside recycling in the city of Kalispell. 0 0 0 11428873 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 1 0 0 0 0 0 0 0 0 1 37 0 1 380 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Dale McDaniel 4067529622 185 Crestline Avenue Kalispell MT 59901 James Jenks President 2 0 X X 0 0 0 Pastor Peter Erickson Vice President 2 0 X X 0 0 0 Joseph S Adney Treasurer 2 0 X X 0 0 0 Larry Kaber Secretary 2 0 X X 0 0 0 Glen Aasheim Board Member 1 0 X 0 0 0 Lusha Alzner Board Member 1 0 X 0 0 0 Linda Conners Board Member 1 0 X 0 0 0 Tony Dawson Board Member 1 0 X 0 0 0 Marie Hanson Board Member 1 0 X 0 0 0 Dan Johns Board Member 1 0 X 0 0 0 Lyle Phillips Board Member 1 0 X 0 0 0 Bill Schottelkorb Board Member 1 0 X 0 0 0 Steven Stahberg Board Member 1 0 X 0 0 0 Jason R Cronk CEO 40 0 X X 113698 0 0 Wayne Saverud Board Member 20 0 X X 40050 0 0 153748 0 0 1 1 0 0 0 0 0 13163 0 0 276994 209321 290157 Net Service Revenue-CCRC 623311 14865165 14865165 0 0 53163 53163 0 0 14918328 151026 151026 0 0 0 0 0 0 0 0 0 0 23960 0 54456 0 -30496 0 -30496 0 -30496 0 1237717 0 1073291 0 164426 0 164426 164426 0 0 0 0 15493441 15233780 -30496 0 0 0 0 0 0 0 0 0 153748 0 113698 40050 0 0 0 0 6749843 5658543 934111 157189 151964 133944 16748 1272 1298830 1164424 121063 13343 520161 427952 77561 14648 0 0 0 0 30718 1025 25570 4123 33690 0 33690 0 0 0 0 0 0 0 41708 0 41708 0 431647 353304 78343 0 25784 0 24930 854 1632037 1453147 178890 0 95093 0 95093 0 0 0 0 0 1256949 534090 722859 0 64095 32151 26312 5632 0 0 0 0 44409 21440 21169 1800 56 0 56 0 0 0 0 0 1468679 1268350 195998 4331 101703 400 100458 845 Bad Debt Expense 70423 0 70423 0 Bed Tax 363075 363075 0 0 185609 17028 159061 9520 14720221 11428873 3037741 253607 2918469 3543706 0 0 0 0 1433437 1317835 0 0 0 0 0 0 109783 94135 51948 118254 31685490 14203094 17975157 17482396 6006554 6626697 0 0 0 0 0 0 798737 770923 29294085 29953946 2036411 2062339 0 0 0 0 13600000 13120000 0 0 0 3760 224000 271250 15860411 15457349 X 12693612 13756710 252223 201173 487839 538714 13433674 14496597 29294085 29953946 X 773220 324326 0 0 0 -34623 X 1 X 1 X 1 0 X 125562 99123 148482 281060 184068 838295 12668239 12736379 12841527 14344384 14865165 67455694 53740 45465 43542 56053 53163 251963 0 0 0 0 0 0 0 0 0 0 0 0 12847541 12880967 13033551 14681497 15102396 68545952 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68545952 134443 166913 157396 153058 611810 0 0 0 0 151026 151026 134443 166913 157396 153058 151026 762836 0 0 0 0 0 0 0 0 0 0 0 0 12981984 13047880 13190947 14834555 15253422 69308788 0.98899 0.98827 0.01101 0.01173 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 497324 50875 9430 8385 0 0 549244 378079 125001 2412 8168 0 0 497324 384847 6318 -482 12604 0 0 378079 367496 6251 19026 7926 0 0 384847 342222 6137 27060 7923 0 0 367496 0.00 1.00 0.00 0 0 608600 0 608600 24070225 0 10822580 13247645 0 0 0 0 4922251 0 2803917 2118334 2084414 0 576597 1507817 17482396 0 Resident Rental Deposits 45250 Estimated Liabilities Under Split Interest Agreements 226000 271250 15783144 324326 0 0 -34623 289703 15493441 0 0 0 15493441 14720221 0 0 0 0 0 14720221 0 0 0 14720221 Schedule D, Part V, Line 4 In 1988, Immanuel Lutheran received $282,500 from the estate of Olga Helevna Stromset. Miss Stromset requested that income received on the principle invested be used for education and training of staff employed at Immanuel. In keeping with her wishes, ILC developed following guidlines for the use of these funds: be an employee of Immanuel Lutheran, have an acceptable work record as documented by their supervisor, have worked for six months with a minimum of 720 hours in one year, be accepted for study in an accredited program, provide documentation of successful completion of course work to continue funding. Preference is given to those applicants whose degree or goal will allow them to fill a position at Immanuel Lutheran for which there is an anticipated shortage or need. The remaining $256,214 of our endowment funds was given to Immanuel in the form of gift annuities. The income from these monies is used for the care or our residents. Schedule D, Part XI, Line 2d Unrealized loss on SWAP Agreement ($11,799). Change in value on split interest agreement - $70,102. Adjust contributions for estimated liability to annuity beneficiaries for estimated amount of future annuity payments ($92,926). 0 0 0 0 0 0 0 0 0 Jason R Cronk CEO 113698 0 0 0 0 0 0 0 10798 0 124496 0 0 0 Wayne Saverud Board Member 40050 0 0 0 0 0 0 0 0 0 40050 0 0 0 Schedule J, Part II Wayne Saverud served on the Board of Directors from October 1, 2004 to September 30, 2013. He was hired November 3, 2008 as a half-time Director of Development and served in this capacity until his retirement on February 20, 2014, thus serving in a dual role of Board Member/Director of Development. A Wells Fargo Bank NA 941347393 2010-12-01 14000000 Construction and Refinance 1997 Revenue Bonds 0 0 0 A 0 3320229 0 0 292671 0 279914 0 0 10107186 0 0 2012 0 0 1 1 A 0 0 0 0 0 0 0 1 0 0 A 0 0 0 0 1 1 Wells Fargo Bank NA 10 0 0 0 0 0 A 0 X 5 19321 Fair Market Value X 1 190000 Appraisal 0 0 0 1 Schedule M, Part I, Line 32b DA Davidson and Company is used to sell securities given. A real estate broker is used to list and sell residential property. Form 990, Part VI, Section B, Line 11b A draft copy of the form 990 and the accompanying schedules are emailed to the Board of Directors prior to the Finance and Board meetings so that it can be reviewed. Any questions or concerns are addressed at that time. If all members are satisfied with the information, the Board votes to approve the document as presented. Form 990, Part VI, Section B, Line 12c Potential board members are screened for any conflicts of interest before being nominated to fill seats on the Immanuel Lutheran Communities board. New board members are oriented prior to assuming their roles on the board. All board members are required to complete a conflict of interest form anually at the October BOD meeting. The executive committee of the board reviews the completed forms for compliance. Form 990, Part VI, Section B, Line 15 CEO compensation is researched and negotiated by the Board of Directors. A written contract between the board and the CEO is in force and reviewed annually as part of the performance evaluation. The CEO is the only employee that is under contract and evaluated by the BOD. Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part XI, Line 9 ILC entered into an interest rate swap agreement to reduce the impact of changes in interest rates on its variable rate long-term revenue bonds. The agreement effectively changed our interest rate exposure on $14,000,000 of variable rate revenue bonds due December 2021 to a fixed rate of 4.52%. The interest rate swap agreement matures at the same time the related revenue bonds mature. The fair market value of the agreement is $953,153 (an increase of $11,799) as of June 30, 2014 is recognized as a liability on the balance sheet. ILC is exposed to a credit loss in the event of nonperformance by the other parties to the interest rate swap agreement. Under charitable gift annuity contracts, ILC receives immediate and unrestricted title to contributed assets and agrees to make fixed recurring payments over the stipulated period. Contributed assets are recorded at fair market value on the date of receipt. The related liability for future payments to be made to the specified beneficiaries is recorded at fair market using present value techniques and risk-adjusted discounts rate designed to reflect the assumptions market value participants would use in pricing the liability (an increase of $22,824) as of June 30, 2014.