2015-05-14T08:24:02-05:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2013-07-01 232053395 PAUL'S RUN PAUL 2159343000 9896 BUSTLETON AVENUE PHILADELPHIA PA 19115 JOHN M BARNUM CFO CFO 2674647700 2015-05-13 1 JAMES D WATSON P01450300 2156433900 2013 2016-02-25 16:41:14Z JOHN M BARNUM 7002 BUTLER PIKE AMBLER PA 19002 29583502 0 9386 X WWW.PAULSRUN.ORG X 1977 PA TO PROVIDE HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS IN A CONTINUING CARE RETIREMENT COMMUNITY. 8 8 470 236 0 0 4453 6373 25621639 26585012 690119 605568 182061 147687 26498272 27344640 0 0 0 0 12341311 12751456 0 0 230000 11961313 12482475 24302624 25233931 2195648 2110709 44843167 50681504 33511966 33593923 11331201 17087581 X PAUL'S RUN IS A NONPROFIT 501(C)(3) ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING PERSONAL CARE, NURSING, AND OTHER RELATED SERVICES TO SENIORS IN A FACILITY THAT INCLUDES 234 INDEPENDENT LIVING UNITS, 84 PERSONAL CARE UNITS, AND 120 SKILLED BEDS. PAUL'S RUN FACILITY IS LOCATED IN PHILADELPHIA, PENNSYLVANIA AND ITS PRIMARY SERVICE AREA INCLUDES PHILADELPHIA, PENNSYLVANIA AND SURROUNDING COMMUNITIES. LIBERTY LUTHERAN SERVICES IS A PENNSYLVANIA NONPROFIT ORGANIZATION AND THE SOLE MEMBER OF PAUL'S RUN. 0 0 20560821 26585012 EXPENSES INCURRED OPERATING A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF 234 INDEPENDENT LIVING UNITS, 84 ASSISTED LIVING UNITS, AND 120 SKILLED NURSING BEDS. 20560821 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 31 0 470 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 1 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 PA X JOHN M BARNUM CFO 2674647700 7002 BUTLER PIKE AMBLER PA 19002 BEVERLY BORTZ BOARD MEMBER 0.50 0.50 X 0 0 0 JOHN HECK BOARD MEMBER 0.50 0.50 X 0 0 0 ROBERT KEDDIE BOARD MEMBER 0.50 0.50 X 0 0 0 CARL W HOLMES SR TREASURER 0.50 0.50 X X 0 0 0 REV FRED HOPKE CHAIRMAN 0.50 0.50 X X 0 0 0 NEVIN MANN SECRETARY 0.50 0.50 X X 0 0 0 FRANK ROTH BOARD MEMBER 0.50 0.50 X 0 0 0 GWENDOLYN WEBSTER VICE CHAIRMAN 0.50 0.50 X X 0 0 0 LUANNE B FISHER CEO/PRESIDENT 0.50 37.50 X 0 370291 59080 JOHN M BARNUM CFO/VP OF FINANCE 0.50 37.50 X 0 233398 39725 KATRINA KANE WISE VP/EXECUTIVE DIRECTOR 0.50 37.50 X 0 160464 22090 JOAN MEYERS VP OF ORGANIZATIONAL DEVEL 0.50 37.50 X 0 171579 39527 KAREN CONNELLY DIRECTOR OF NURSING 37.50 0.00 X 106209 0 22294 MATHEW BINDHU REGISTERED NURSE 37.50 0.00 X 113029 0 28675 219238 935732 211391 2 0 1 0 SODEXO PO BOX 360170 PITTSBURGH PA 15251 DINING 2696618 GENESIS ELDERCARE SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 THERAPY 1833767 A MORGAN CONSTRUCTION 165 CAMBRIDGE ROAD COATESVILLE PA 19320 CONSTRUCTION 778024 SFCS INC 305 S JEFFERSON STREET ROANOKE VA 24011 ARCHITECT 413483 SLIWINSKI FLOOR COVERING 421 PIKE ROAD UNIT 4 HUNTINGDON VALLEY PA 19006 CONSTRUCTION 365974 13 6373 6373 MEDICAL CARE FACILITY SERVICES 623000 13734072 13734072 RESIDENTIAL FACILITY SERVICES 623000 7952459 7952459 PERSONAL CARE FACILITY SERVICES 623000 4879653 4879653 AMORTIZATION OF DEFERRED ENTRANCE 623000 18828 18828 26585012 382851 382851 90122 0 90122 90122 90122 2461579 2238862 222717 222717 222717 MEALS AND ROOM RENTAL 623000 7143 7143 MEDICAL OFFICE STAFFING 623000 3572 3572 VENDING MACHINE INCOME 623000 3523 3523 43327 43327 57565 27344640 26585012 0 753255 X 10060003 9510679 549324 296023 280218 15805 1660426 1379894 280532 735004 700941 34063 2688542 2458542 230000 26410 26410 19916 19916 2538621 2350175 188446 154431 154431 951869 632634 319235 932412 932412 241 241 13334 3795 9539 1085055 1079774 5281 1330982 1316088 14894 386123 386123 FOOD 987288 987288 MEDICAL SUPPLIES 963335 963335 NURSING HOME ASSESSMENT 268916 268916 BAD DEBT 135000 135000 25233931 20560821 4443110 230000 206756 226846 1536857 2047978 31949 28092 42586 107105 37331209 25617994 11030026 11713215 14549378 17429622 17445615 19128646 44843167 50681504 2888769 3426622 69537 50709 25571000 24989250 750073 796799 4232587 4330543 33511966 33593923 X 11326760 17081591 4441 5990 11331201 17087581 44843167 50681504 X 2110709 2266608 1379063 X 0 1 X 1 0 X 7310 5803 6712 4453 6373 30651 25186834 25733340 25714495 25621639 26585012 128841320 25194144 25739143 25721207 25626092 26591385 128871971 0 0 0 128871971 380313 399015 445532 484047 472973 2181880 380313 399015 445532 484047 472973 2181880 18723 40471 54502 54177 57565 225438 25593180 26178629 26221241 26164316 27121923 131279289 0.98170 0.97830 0.01660 0.01690 X 0 1 X 1236383 1236383 28414351 20292635 8121716 6653679 5207197 1446482 1026796 118162 908634 11713215 DEFERRED FINANCING COSTS 317951 INTEREST IN NET ASSETS OF AFFILIATES 8957554 DUE FROM AFFILIATES 9775224 ASSETS LIMITED TO USE 77917 19128646 OBLIGATION UNDER SWAP AGREEMENTS 4311436 DUE FROM AFFILIATES 19107 4330543 X 30990311 2266608 1379063 3645671 27344640 0 27344640 25233931 0 25233931 0 25233931 PART IV, LINE 2B: THE SECURITY DEPOSITS ARE FOR RESIDENTS IN PERSONAL CARE AND INDEPENDENT LIVING UNITS. THE DEPOSITS ARE EQUIVALENT TO ONE MONTH'S WORTH OF RENT UPON ADMISSION AND ARE REFUNDABLE UPON PERMANENT TRANSFER TO A SNF, LEAVING THE COMMUNITY, OR DUE TO DEATH. PART X, LINE 2: PAUL'S RUN IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PAUL'S RUN FOLLOWS THE PROVISIONS OF THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON PAUL'S RUN'S FINANCIAL STATEMENTS. PAUL'S RUN IS ALSO EXEMPT FROM SALES TAX. PAUL'S RUN IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS OR ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE TAX RETURNS FOR THE FISCAL YEARS 2011 TO 2013 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENTS -82,411. CHANGE IN INTEREST IN NET ASSETS OF FOUNDATION 1,461,474. X X 0 0 0 0 0 0 0 1 0 LUANNE B FISHER CEO/PRESIDENT 0 370291 0 0 0 0 0 13212 0 45868 0 429371 0 0 JOHN M BARNUM CFO/VP OF FINANCE 0 233398 0 0 0 0 0 12348 0 27377 0 273123 0 0 KATRINA KANE WISE VP/EXECUTIVE DIRECTOR 0 160464 0 0 0 0 0 8769 0 13321 0 182554 0 0 JOAN MEYERS VP OF ORGANIZATIONAL DEVEL 0 171579 0 0 0 0 0 9875 0 29652 0 211106 0 0 PART I, LINE 7 BONUSES WERE PAID TO KEY MARKETING EMPLOYEES BASED ON THE NUMBER OF RESIDENTS MOVED INTO THE FACILITY AND ON REACHING OCCUPANCY TARGETS FOR EACH LEVEL OF CARE. IN FISCAL YEAR 2014, A TOTAL OF $31,351 WAS PAID TO THESE EMPLOYEES. SCHEDULE J, PART III COMPENSATION POLICY OF RELATED ORGANIZATION: ALL TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES ARE THE EMPLOYEES OF ITS PARENT ORGANIZATION. THE FOLLOWING POLICIES ARE APPLIED TO THE PARENT AND ITS AFFILIATES: THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL REVIEW AND COMPENSATION OF THE CEO. THE CFO AND EXECUTIVE DIRECTORS ARE REVIEWED ANNUALLY BY THE CEO, WITH COMPARABLE SALARY SURVEYS. THE LAST COMPARABLE SALARY SURVEY WAS DONE IN 2014. THE CEO REPORTS THE ANNUAL EXECUTIVE REVIEWS TO THE EXECUTIVE COMMITTEE. A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178182T4 2008-06-03 28135250 REFINANCE EXISTING BONDS, PAY FOR RENOVATIONS, COST OF BONDS 0 0 0 A 3146000 28135250 23064839 394759 75102 4600550 2008 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 1 0 0 1 MORGAN STANLEY CAPITAL SERVICES 23.000000000000 0 0 0 0 1 A 1 SCHEDULE K, PART IV, LINE 3C THERE ARE 2 SWAP AGREEMENTS. THE FIRST SWAP AGREEMENT HAS A TRADE DATE OF 12/15/2004, AN EFFECTIVE DATE OF 5/16/2006, AND A TERMINATION DATE OF 5/1/2034. THIS SUPPORTED A PRIOR 2004 BOND ISSUE. WHEN THE 2004 BONDS WERE REFINANCED IN 2008, THE SWAP AGREEMENT WAS AMENDED TO SUPPORT THE 2008 BOND ISSUE. THE SECOND SWAP HAS A TRADE DATE OF 5/15/2008, AN EFFECTIVE DATE OF 6/3/2008, AND A TERMINATION DATE OF 5/1/2038. FORM 990, PART VI, SECTION A, LINE 3 PAUL'S RUN DESIGNATES ITS ADMINISTRATIVE/MANAGEMENT AND FUNDRAISING FUNCTIONS TO ITS PARENT AND AFFILIATED ORGANIZATIONS (BOTH ARE NOT-FOR-PROFIT CORPORATIONS) UNDER THE AFFILIATE AGREEMENT DATED JANUARY 1, 2001. IN ANNOUNCEMENT, 2001-33, THE TOTAL FEES INCURRED FOR THESE SERVICES DURING THE REPORTING YEAR WERE AS FOLLOWS: $2,458,542 TO ITS PARENT ORGANIZATION AND REPORTED ON FORM 990, PAGE 10, PART IX, LINE 11A, COLUMN C AND $230,000 TO ITS AFFILIATED ORGANIZATION AND REPORTED ON FORM 990, PAGE 10, PART IX, LINE 11A, COLUMN D. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE MEMBER. THE SOLE MEMBER SHALL BE LIBERTY LUTHERAN SERVICES. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECTED TO THE APPROVAL OF THE MEMBER ARE REQUIRED FOR ANY OF THE FOLLOWING ACTIONS: ANY MERGER, DISSOLUTION, OR LIQUIDATION OF THE CORPORATION; ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; THE SALE, PLEDGE, LEASE OR OTHER TRANSFER OF ASSETS OF THE CORPORATION; APPROVAL OF THE CORPORATION'S ANNUAL CAPITAL AND OPERATING BUDGETS; ISSUANCE OF DEBT GREATER THAN FIFTY THOUSAND ($50,000) BY THE CORPORATION; THE EXECUTION OF ANY CONTRACT; AND ANY MATERIAL CHANGE TO THE BUSINESS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 NO REVIEW WILL BE CONDUCTED BY THE GOVERNING BOARD IN ADVANCE OF FILING THE FORM 990. ALL FORM 990'S ARE MADE AVAILABLE TO THE BOARD AFTER FILING. HOWEVER, THE FINAL FORM 990 IS REVIEWED IN DETAIL FOR ACCURACY AND SIGNED BY THE CHIEF FINANCIAL OFFICER OF LIBERTY LUTHERAN SERVICES (PARENT ORGANIZATION). FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD AND SENIOR LEVEL STAFF. THEY ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE. THE CORPORATE COMPLIANCE OFFICER REVIEWS ALL POTENTIAL STAFF CONFLICTS. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS ALL BOARD CONFLICTS. WHEN A CONFLICT OF INTEREST ARISES, THE BOARD SHALL PERMIT THE INTERESTED PERSON TO MAKE A PRESENTATION AT THE BOARD MEETING AND AFTER THE PRESENTATION, THE INTERESTED PERSON LEAVES AND THE BOARD VOTES ON AN ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST BEING ADDRESSED. IF APPROPRIATE, A NON-INTERESTED PERSON OR COMMITTEE INVESTIGATES ALTERNATIVES TO THE PROPOSED ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD WILL DETERMINE IF A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD WILL DETERMINE BY MAJORITY VOTE THE ARRANGEMENT IN THE CORPORATION'S BEST INTEREST AND FOR ITS BENEFIT, AND/OR IF IT IS REASONABLE AND FAIR TO THE CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 2,350,175. MANAGEMENT AND GENERAL EXPENSES 188,446. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,538,621. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AGREEMENTS -82,411. CHANGE IN INTEREST IN NET ASSETS OF FOUNDATION 1,461,474. LIBERTY LUTHERAN SERVICES 7002 BUTLER PIKE AMBLER PA 19002 233059658 TO PROVIDE TAX EXEMPT SUBSIDIARIES WITH MANAGEMENT & ADMINISTRATIVE SERVICES PA 501(C)(3) LINE 1 N/A 0 LIBERTY COMMUNITY SERVICES 7002 BUTLER PIKE AMBLER PA 19002 203630505 TO PROVIDE VARIOUS SERVICES TO SENIORS IN THEIR HOMES PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 0 LIBERTY LUTHERAN FOUNDATION 7002 BUTLER PIKE AMBLER PA 19002 232665839 TO IMPLEMENT AND ADMINISTER FUNDRAISING ACTIVITY FOR AFFILIATES PA 501(C)(3) LINE 11A, I LIBERTY LUTHERAN SERVICES 0 LUTHERAN CHILDREN & FAMILY SERVICES OF EASTERN PENNSYLVANIA 5401 RISING SUN AVENUE PHILADELPHIA PA 19120 231696007 TO PROVIDE SERVICE TO ALL AGES THROUGH A VARIETY OF PROGRAMS PA 501(C)(3) LINE 7 LIBERTY LUTHERAN SERVICES 0 MARY J DREXEL HOME 238 BELMONT AVENUE BALA CYNWYD PA 19004 230536370 CCRC, PROVIDING ASSISTED LIVING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 0 ARTMAN LUTHERAN HOME 250 N BETHLEHEM PIKE AMBLER PA 19002 231401548 CCRC, PROVIDING NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 9 LIBERTY LUTHERAN SERVICES 0 LUTHERAN CONGREGATIONAL SERVICES 1923 HANOVER AVENUE ALLENTOWN PA 18109 231894019 TO PROVIDE DISASTER RESPONSE AND COMMUNITY OUTREACH PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 0 LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION 260 LIONS HILL ROAD STATE COLLEGE PA 16803 223876595 CCRC, PROVIDING NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 9 LIBERTY LUTHERAN SERVICES 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1