2015-05-13T12:03:53-05:00 2014-12-31 593070669 MOORE STEPHENS LOVELACE PA 311 PARK PLACE BLVD SUITE 100 CLEARWATER FL 33759 990 2014-01-01 311671731 SKIDAWAY HEALTH AND LIVING SERVICES INC SKID 9125983601 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 S STEWART BROMLEY TREASURER 9125983601 2015-05-13 1 LAWRENCE SCHIFF CPA P00479457 7275314477 2014 2016-02-25 16:41:14Z S STEWART BROMLEY 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 14480411 0 X WWW.MARSHESOFSKIDAWAY.ORG X 1999 GA THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY-BASED NONPROFIT ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO PROVIDE RESIDENTS WITH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 12 12 310 50 0 0 0 0 13592685 14350641 2432 22082 4095021 100228 17690138 14472951 0 0 0 0 5531939 5964190 0 0 0 11783668 11364234 17315607 17328424 374531 -2855473 83883159 87367958 126952770 133301643 -43069611 -45933685 X THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY-BASED NONPROFIT ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO PROVIDE RESIDENTS WITH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 0 0 9556465 10703817 THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY ("CCRC") OPERATING UNDER THE NAME "THE MARSHES OF SKIDAWAY ISLAND" (THE "COMMUNITY") AND OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO OCCUPANCY AGREEMENTS THAT REQUIRE PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THE COMMUNITY INCLUDES 182 INDEPENDENT LIVING UNITS, 176 OF WHICH WERE OCCUPIED AS OF DECEMBER 31, 2014. 1822981 2041849 THE COMMUNITY'S SKILLED NURSING FACILITY OFFERS 24-HOUR NURSING SERVICES VIA 23 SKILLED NURSING CARE BEDS. 1276263 1429492 THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO RESIDENTS OF 21 ASSISTED LIVING UNITS. 246158 275711 OTHER SERVICES INCLUDE FOOD SERVICE, IN-HOME HEALTH CARE AND MEMORY CARE. 246158 275711 12901867 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 57 0 1 310 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X LORNA CARSWELL 9125985030 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 WILLIAM E CRAIG ESQ PRESIDENT 0.50 X X 0 0 0 WALLACE SMITH VICE PRESIDENT 0.50 X X 0 0 0 STEWART BROMLEY CPA CFP TREASURER 0.50 X X 0 0 0 LISA BIRCH MEMBER 0.50 X 0 0 0 MELISSA BOUCHILLON MEMBER 0.50 X 0 0 0 ROBERT DIBENEDETTO MD MEMBER 0.50 X 0 0 0 WILLIAM G FOSTER SR MEMBER 0.50 X 0 0 0 KEITH DIMOND MD MEMBER 0.50 X 0 0 0 JANET K KWAISER KUHN EDD RN MEMBER 0.50 X 0 0 0 KIRBY MASON MEMBER 0.50 X 0 0 0 BEAU ANDERS MEMBER 0.50 X 0 0 0 JAMES RUHL MEMBER 0.50 X 0 0 0 AMANDA ELLIOTT EXECUTIVE DIRECTOR (LCS EM 40.00 X 0 0 0 LORNA CARSWELL ACCOUNTING DIRECTOR 40.00 X 75610 0 12433 75610 0 12433 0 0 0 0 LIFE CARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT FEES 674268 HERITAGE HEALTHCARE 536 OLD HOWELL RD GREENVILLE SC 29615 THERAPY CONTRACTOR 394954 VALLEY CREST LANDSCAPE MAINTENANCE 184 SIMMONSVILLE BLUFFTON SC 29910 LANDSCAPE MAINTENANCE 206350 CATSKILL BUILDERS INC 210 CATALINA DR TYBEE ISLAND GA 31328 CONSTRUCTION 201822 COASTAL FLOOR COVERING 8011 OGEECHE ROAD SAVANNAH GA 31419 CONSTRUCTION 179016 7 MONTHLY SERVICE FEES 623000 9439866 9439866 SKILLED NURSING FACILITY 623000 3471341 3471341 EARNED ENTRANCE FEES 623000 1263951 1263951 FOOD SERVICE 623000 175483 175483 14350641 29542 29542 7460 -7460 -7460 -7460 OTHER INCOME 623000 100228 100228 100228 14472951 14450869 0 22082 88043 88043 5084924 4094346 990578 10648 8428 2220 429305 339790 89515 351270 304088 47182 690011 690011 11100 11100 38250 38250 110370 21072 89298 241144 241144 506555 424418 82137 866258 648987 217271 58643 43062 15581 13798 10337 3461 3144934 2356135 788799 3206358 2402153 804205 829375 601613 227762 FOOD SERVICE 624902 624902 NURSING AND ANCILLARY 577240 577240 FUTURE SERVICES OBLIGAT 447001 447001 CHARITABLE GIVING 962 962 -2667 -2667 17328424 12901867 4426557 0 499230 265973 5515831 9573238 454547 385444 63371 79099 178670 212091 92195302 23426985 69727929 68768317 5450103 6477455 363015 359735 1630463 1246606 83883159 87367958 2771634 4591377 81083555 85601200 42363442 42406058 129500 129500 604639 573508 126952770 133301643 X -43069611 -45933685 -43069611 -45933685 83883159 87367958 -2855473 -8601 0 X X 0 1 X 1 0 X 5630 5630 13650311 14283791 15114897 13592685 14350641 70992325 13655941 14283791 15114897 13592685 14350641 70997955 0 0 0 70997955 17268 7797 10622 2432 29542 67661 17268 7797 10622 2432 29542 67661 72109 53651 70919 83152 100228 380059 13745318 14345239 15196438 13678269 14480411 71445675 0.99370 0.99400 0.00090 0.00070 X 3400000 3400000 85765780 21500729 64265051 2688178 1880267 807911 341344 45989 295355 68768317 MONEY MARKET 6477455 F 6477455 DEPOSITS 573508 573508 14472951 0 14472951 0 14472951 17328424 0 17328424 0 17328424 A SAVANNAH ECON DEV AUTH FIXED RATE FIRST MORT BONDS SERIES 2013 586001588 80483CLM1 2013-12-23 43855000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 A 43153320 3422065 350000 39381255 2013 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 SCHEDULE K, PART I, LINE A, COL (C) SAVANNAH ECON. DEV. AUTH. FIXED RATE FIRST MORT. BONDS, SERIES 2013: THE CUSIP NUMBERS FOR THE SAVANNAH ECONOMIC DEVEVELOPMENT AUTHORITY FIXED RATE FIRST MORTGAGE BONDS, SERIES 2013 ARE AS FOLLOWS: 80483CLM1 (MATURITY DATE: 1/1/2049) 80483CLL3 (MATURITY DATE: 1/1/2044) 80483CLK5 (MATURITY DATE: 1/1/2038) 80483CLJ8 (MATURITY DATE: 1/1/2034) 80483CLH2 (MATURITY DATE: 1/1/2024) 80483CLG4 (MATURITY DATE: 1/1/2019) 80483CLE9 (MATURITY DATE: 1/1/2017) 80483CLD1 (MATURITY DATE: 1/1/2016) 80483CLC3 (MATURITY DATE: 1/1/2015) SCHEDULE K, PART II, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE: IN DECEMBER 2013, THE ORGANIZATION ISSUED THE SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY REFUNDING REVENUE BONDS, SERIES 2013 (THE "SERIES 2013 BONDS") IN THE AMOUNT OF $43,855,000. THE SERIES 2013 BONDS WERE ISSUED TO REFINANCE THE EXISTING SERIES 2003 BONDS, FUND REQUIRED RESERVES INCLUDING A CONSTRUCTION FUND, AND PAY FOR THE COST OF ISSUANCE. THE SERIES 2013 BONDS ARE COLLATERALIZED BY A MORTGAGE ON THE ORGANIZATION'S PROPERTY; A SECURITY INTEREST IN THE PERSONAL PROPERTY, EQUIPMENT, AND FIXTURES INCLUDED IN THE COMMUNITY; AND A SECURITY INTEREST IN THE GROSS REVENUES OF THE ORGANIZATION. THE ORGANIZATION MUST ALSO COMPLY WITH CERTAIN RESTRICTIVE AND FINANCIAL COVENANTS, INCLUDING A DEBT SERVICE COVERAGE RATIO AND A DAYS CASH ON HAND REQUIREMENT. THE ORGANIZATION WAS IN COMPLIANCE AT DECEMBER 31, 2014. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A MANAGEMENT COMPANY, LIFE CARE SERVICES LLC (LCS), TO MANAGE THE DAY-TO-DAY OPERATIONS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES, DIRECTIVES, AND GOALS. THE EXECUTIVE DIRECTOR OF THE HEALTH CARE CENTER IS A LCS EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN ITS ENTIRETY BY THE FINANCE COMMITTEE AND THE EXECUTIVE DIRECTOR BEFORE IT IS FILED WITH THE IRS. A COPY OF THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHENEVER A CONFLICT IS IDENTIFIED THROUGH THE ANNUAL DISCLOSURE PROCESS. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS RESTS IN THEIR DISCRETION, AND THEIR CONCERN IS THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT MANAGEMENT COMPANY AND DOES NOT DIRECTLY PAY COMPENSATION TO THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS, OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND FOR REVIEW IN ITS OFFICE. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDIT: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GENERAL DISCLOSURE: SOCIAL ACCOUNTABILITY THE ORGANIZATION PROVIDES VARIOUS OPPORTUNITIES TO IMPROVE THE LIVES OF THE SENIORS IN THE AREA AND TO GIVE BACK TO THE COMMUNITY IN WHICH THE ORGANIZATION SERVES. THE ORGANIZATION AND ITS EMPLOYEES SUPPORT A VARIETY OF LOCAL CHARITIES THROUGH BOTH MONETARY AND NONCASH ITEM CONTRIBUTIONS. ACTIVITY PERFORMED THROUGHOUT THE REPORTING YEAR INCLUDES: 1) VARIOUS SUPPLIES FOR CHILDREN AND FAMILY AT RONALD MCDONALD HOUSE. 2) DONATED CLOTHING TO GOODWILL. 3) ADOPT A SOLDIER CARE PACKAGES. 4) EMPLOYEE CHILI COOK OFF FOR AMERICAN HEART ASSOCIATION. 5) SPONSORED GOLF HOLE FOR TYBEE ISLAND FRESH AIR HOME. 6) AN EMPLOYEE AUCTION AND BACK PACK RAFFLE HELD TO RAISE MONEY FOR EMPLOYEE HARDSHIP FUND. 7) DONATED 15 TV'S TO THUNDERBOLT NURSING AND REHAB CENTER. 8) DONATED 4 SAMSUNG 27 INCH TV'S TO GOODWILL. 9) VOLUNTEER TO BACK EMERGENCY FOOD BOXES FOR THE ELDERLY AT AMERICA'S SECOND HARVEST. 10) PUT TOGETHER BASKETS FOR LOW INCOME ELDERLY FOR ALZHEIMER'S ASSOCIATION. 11) PROVIDED AND SERVED LUNCH AT LUEKEMIA CUP FOR LUEKEMIA AND LYMPHOMA SOCIETY. 12) SPONSORED SMART WOMEN LUNCHEON AND EXPO. 13) DONATED CARPET AND A TOILET TO HABITAT FOR HUMANITY RESTORE. 14) PUT TOGETHER COMFORT BAGS FOR BREAST CANCER AWARENESS TO THE CANCER SOCIETY. 15) TEDDY BEAR DONATION FOR THE SALVATION ARMY. 16) TOY DONATION TO TOYS FOR TOTS AT THE SAVANNAH NAVY LEAGUE AND MARINES. MONETARY DONATIONS WERE PROVIDED TO THE FOLLOWING: 1) SAVANNAH CENTER FOR BLIND AND LOW VISION. 2) GOODWILL. 3) AMERICAN HEART ASSOCIATION. 4) NOTRE DAME CLUB OF SAVANNAH. 5) AMERICAN DIABETES ASSOCIATION. 6) NATIONAL PARKINSON'S FOUNDATION. 7) TYBEE ISLAND FRESH AIR HOME. 8) THE ARTHRITIES FOUNDATION. 9) THE NATIONAL STROKE FOUNDATION. 10) WOUNDED WARRIOR PROJECT. 11) RONALD MCDONALD HOUSE. 12) AMERICA'S SECOND HARVEST. 13) SPINAL MUSCULAR ATROPHY. 14) ALZHEIMER'S ASSOCIATION. 15) LUEKEMIA AND LYMPHOMA SOCIETY. 16) HABITAT FOR HUMANITY RESTORE. 17) BREAST CANCER FOUNDATION. 18) HOSPICE. 19) SALVATION ARMY. 20) SAVANNAH NAVY LEAGUE AND MARINES. TOTAL MONETARY VALUE PROVIDED TO THE COMMUNITY EQUALS OVER $24,565 WITH A TOTAL OF 471 VOLUNTEER HOURS PERFORMED. OVER 26,000 INDIVIDUALS WERE SERVED WITH THE ABOVE CHARITABLE ACTIVITIES.