2015-08-17T15:05:16-05:00 2014-12-31 420714325 MCGLADREY LLP 300 NORTH 3RD STREET FIFTH FLOOR WILMINGTON NC 28401 990 2014-01-01 561345076 PLANTATION VILLAGE INC PLAN 9106867181 1200 PORTERS NECK ROAD WILMINGTON NC 28405 JIM MEYERS TREASURER 9106867181 2015-08-17 1 HC CRAFT III CPA P00409497 9107629671 2014 2016-02-25 16:41:14Z JIM MEYERS 1200 PORTERS NECK ROAD WILMINGTON NC 28405 14185904 0 X WWW.PLANTATIONVILLAGERC.COM X 1982 NC OPERATE A LIFE CARE FACILITY WHICH PROVIDES HOUSING, SUPPORT SERVICES, HEALTH CARE AND FINANCIAL SECURITY TO THE ELDERLY OCCUPANTS OF THE CENTER DURING THEIR LIVES AT THE LOWEST COST. 11 11 190 0 0 0 89604 2480 12667642 12943786 131692 145223 0 0 12888938 13091489 0 0 0 0 3902499 4096076 0 0 0 7281499 7932975 11183998 12029051 1704940 1062438 34300528 46291015 26082221 50541319 8218307 -4250304 THE MISSION OF PLANTATION VILLAGE IS TO PROVIDE A CONTINUING LIFE CARE FACILITY IN A DYNAMIC COMMUNITY THAT PROMOTES SECURITY, WELLNESS AND INDEPENDENCE WITH DIGNITY. 0 0 9727692 12911856 OPERATE A LIFE CARE FACILITY TO PROVIDE HOUSING, SUPPORT SERVICES, HEALTH CARE AND FINANCIAL SECURITY TO ELDERLY PERSONS. 9727692 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 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 1 31 0 1 190 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 0 0 0 X LORRAINE HART 9107723114 1200 PORTERS NECK RD WILMINGTON NC 28405 X JACK FULLER DIRECTOR 5.00 X 0 0 0 DAVID SIMS SECRETARY 5.00 X X 0 0 0 JIM MEYERS TREASURER 5.00 X X 0 0 0 KAREN ROOT DIRECTOR 5.00 X 0 0 0 CHARLES BROOKS VICE PRESIDENT 5.00 X X 0 0 0 TERRY HORTON DIRECTOR 5.00 X 0 0 0 DR DAVID MERTEN DIRECTOR 5.00 X 0 0 0 RONALD ISYK PRESIDENT 5.00 X X 0 0 0 KATHERINE OCHSNER DIRECTOR 5.00 X 0 0 0 MIKE NADEAU DIRECTOR 5.00 X 0 0 0 MARYANN NUNNALLY DIRECTOR 5.00 X 0 0 0 GREGORY WOODWARD CEO PD BY LIFE CARE SERVIC 40.00 X 0 0 0 0 0 0 0 0 0 1 DAVIS HEALTH CARE CENTER 1011 PORTERS NECK ROAD WILMINGTON NC 28411 ASSISTED LIVING 1810686 CHAMPIONS AT PORTERS NECK 1007 PORTERS NECK ROAD WILMINGTON NC 28411 ASSISTED LIVING 1383478 LIFE CARE COMPANIES LLC CAPITAL SQUARE 400 LOCUST STREET DES MOINES IA 50309 MANAGEMENT 454307 GREENBRIER DEVELOPMENT LLC 3232 MCKINNEY AVE 1160 DALLAS TX 75204 ASSISTED LIVING 288264 TONY LONGO TONY LONGO CONSTRUCTION 117 WIND HAMPSTEAD NC 28443 DEVELOPMENT 218330 5 2480 2480 RESIDENT SVC FEES 623990 12943786 12943786 12943786 177153 177153 1060910 1575 1094415 0 -33505 1575 -31930 -31930 13091489 12911856 0 177153 3416401 2839318 577083 404807 363799 41008 274868 239922 34946 367284 367284 15619 15619 148575 106230 42345 255447 255447 109174 541 108633 45459 45459 523301 523301 12722 3912 8810 27690 27690 1415682 1415682 465657 465657 NURSING CARE SUPPLIES 2982100 2982100 SUPPLIES 916150 899902 16248 MAINTENANCE & REPAIRS 267419 252850 14569 PROPERTY TAX 186428 186428 194268 100135 94133 12029051 9727692 2301359 0 457135 177712 4653086 5430797 86499 300591 34322 30979 372329 402691 55780570 19531339 25088307 36249231 3608850 3699014 34300528 46291015 545757 818504 24820087 9658896 0 9278189 716377 30785730 26082221 50541319 X 8218307 -4250304 8218307 -4250304 34300528 46291015 X 1062438 11773 -13542822 0 X X 0 1 X 1 0 X 7212 11703 7712 89604 2480 118711 11474338 11670743 12151909 12667642 12943786 60908418 11481550 11682446 12159621 12757246 12946266 61027129 0 0 0 61027129 69359 16281 23781 93196 177153 379770 69359 16281 23781 93196 177153 379770 11550909 11698727 12183402 12850442 13123419 61406899 0.99380 0.99510 0.00620 0.00490 X 1 2480 2254 139401 1 1 1506235 1506235 50627713 16483212 34144501 3646622 3048127 598495 36249231 DEPOSITS ON UNOCCUPIED UNITS 758458 ENTRANCE FEES PAYABLE 23836455 CONSTRUCTION ACCOUNTS PAYABLE 1822633 REFUNDABLE FEES 4368184 30785730 X 13101687 11773 11773 13089914 1575 1575 13091489 12027476 0 12027476 1575 1575 12029051 PART X, LINE 2: FIN 48 FOOTNOTE: IN THE OPINION OF MANAGEMENT, THE COMMUNITY HAS NO UNCERTAIN TAX POSITIONS. THE COMMUNITY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF FIXED ASSETS RECORDED AS AN EXPENSES ON AUDITED FINANCIALS 1,575. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF FIXED ASSETS RECORDED AS AN EXPENSES ON AUDITED FINANCIALS 1,575. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, LN 5 GREGORY WOODWARD, CEO, LISTED ON FORM 990, PART VII, LINE 5 WAS COMPENSATED BY LIFE CARE SERVICES, LLC, AN UNRELATED ORGANIZATION. LIFE CARE SERVICES, LLC PAID GREOGORY WOODWARD COMPENSATION. FORM 990, PART VI, SECTION A, LINE 3 OPERATIONS ARE HANDLED BY A MANAGEMENT COMPANY, LIFE CARE SERVICES, LLC. THE CEO, GREGORY WOODWARD, WAS PAID BY LIFE CARE SERVICES, LLC IN THE AMOUNT OF $127,048. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE ORGANIZATION'S FORM 990 IS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ENTITY MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LN 8 ON JULY 24, 2012 THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED CLARIFYING GUIDANCE ON ACCOUNTING FOR REFUNDABLE ENTRANCE FEES BY CONTINUING CARE RETIREMENT COMMUNITIES. THE GUIDANCE WAS EFFECTIVE IN 2014 AND WAS REQUIRED TO BE APPLIED RETROSPECTIVELY BY RECORDING A CUMULATIVE EFFECT ADJUSTMENT TO OPENING NET ASSETS AS OF THE BEGINNING OF THE EARLIEST PERIOD PRESENTED - 2013.