2015-08-04T14:56:39-05:00 2014-12-31 520547375 MCLEAN KOEHLER SPARKS & HAMMOND 11311 MCCORMICK ROAD SUITE 100 HUNT VALLEY MD 21031 990 2014-01-01 520591603 GENERAL GERMAN AGED PEOPLES HOME OF BALTIMORE GENE 4103396000 800 SOUTHERLY ROAD TOWSON MD 21286 SALVATORE MOLITE JR PRESIDENT 4103366000 2015-07-16 1 PAUL M STECKEL CPA P00168979 4102966200 2014 2016-04-25 22:37:26Z EDENWALD SALVATORE MOLITE JR 800 SOUTHERLY ROAD TOWSON MD 21286 49557004 0 X WWW.EDENWALD.ORG X 1881 MD THE GENERAL GERMAN AGED PEOPLE'S HOME OF BALTIMORE IS A MARYLAND NOT-FOR-PROFIT ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY ("EDENWALD"), WHICH WAS OPENED FOR OCCUPANCY IN SEPTEMBER 1985, AND PROVIDES SERVICES THROUGH A COMBINATION OF APARTMENTS, ASSISTED LIVING AND COMPREHENSIVE CARE ACCOMMODATIONS. EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. IN 2014, EDENWALD PROVIDED ASSISTANCE OF $333,587 TO 14 RESIDENTS OF THE FACILITY. 15 15 516 0 0 0 290837 193312 21858257 23036541 1278810 1380578 0 0 23427904 24610431 166999 333587 0 0 11863899 12328814 0 0 0 12918966 11350819 24949864 24013220 -1521960 597211 120802225 121156316 127282473 127182182 -6480248 -6025866 X THE GENERAL GERMAN AGED PEOPLE'S HOME OF BALTIMORE IS A MARYLAND NOT-FOR-PROFIT ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY ("EDENWALD"), WHICH WAS OPENED FOR OCCUPANCY IN SEPTEMBER 1985, AND PROVIDES SERVICES THROUGH A COMBINATION OF APARTMENTS, ASSISTED LIVING AND COMPREHENSIVE CARE. EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. IN 2014, EDENWALD PROVIDED ASSISTANCE OF $333,587 TO 14 RESIDENTS OF THE FACILITY. 0 0 5500174 333587 16215003 RESIDENTS' SERVICES 8105281 2794374 ASSISTED LIVING AND COMPREHENSIVE CARE 5974858 3335225 HOUSEKEEPING, LAUNDRY & DIETARY 1916794 PROPERTY OPERATIONS & MAINTENANCE 1916794 21497107 1 1 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 66 0 1 516 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X KEN BULLOCK 4103396013 800 SOUTHERLY ROAD TOWSON MD 21286 LAWRENCE S COOK DIRECTOR 0.00 X 0 0 0 JOHN H DITTO JR DIRECTOR/SECRETARY 0.00 X X 0 0 0 ANNE T GARRETT DIRECTOR 0.00 X 0 0 0 WILLIAM L HERMANN VICE CHAIRMAN/DIRECTOR 0.00 X X 0 0 0 JOHNSON STANLEY DIRECTOR 0.00 X 0 0 0 ASTRID WEXLER DIRECTOR 0.00 X 0 0 0 BRUCE J MATTHEISS DIRECTOR 0.00 X 0 0 0 FRANCIS B PALUMBO DIRECTOR/CHAIRMAN 0.00 X X 0 0 0 F CARVEL PAYNE DIRECTOR 0.00 X 0 0 0 ROBERT L SEEGER DIRECTOR 0.00 X 0 0 0 GERHARD H SIEBERT DIRECTOR/TREASURER 0.00 X X 0 0 0 CORY SILKMAN DIRECTOR 0.00 X 0 0 0 DEBRA S WERTHEIMER MD DIRECTOR/VICE CHAIR 0.00 X X 0 0 0 SCOTT B ENSOR DIRECTOR 0.00 X 0 0 0 S NELSON WEEKS DIRECTOR 0.00 X 0 0 0 SALVATORE MOLITE JR PRESIDENT 40.00 X 293374 0 15642 WILLIAM GARRETT JR EXECUTIVE VICE PRESIDENT 40.00 X 173516 0 14689 DIANE L STINCHCOMB DIRECTOR SALES 40.00 X 108400 0 9659 KENNETH L BULLOCK VICE PRESIDENT FINANCE 40.00 X 141212 0 13059 ANDREW T JONES VICE PRESIDENT 40.00 X 120667 0 11950 837169 0 64999 5 0 1 0 J K TILEWORKS 18235 FALLS ROAD HAMPSTEAD MD 21074 INSTALL TILE 188429 DEPENDABLE SERVICES GROUP LLC 6310 FAIR OAKS AVENUE BALTIMORE MD 21214 NURSING AGENCY 128829 EMORY HOME IMPROVEMENTS 105 ROSE STREET TIMONIUM MD 21093 COUNTERTOP RENOVATION 111099 3 193312 193312 SERVICE FEES 623000 17571403 17571403 ENTRANCE FEES 623000 4773200 4773200 OTHER INCOME 623000 390046 390046 NONRESIDENT FOOD SERVICE 623000 301892 301892 23036541 483285 483285 25843866 24872897 73676 970969 -73676 897293 897293 24610431 23036541 0 1380578 333587 333587 466890 417633 49257 9906649 8861490 1045159 1955275 1744765 210510 98965 98965 45260 45260 865344 832559 32785 44292 18048 26244 2644342 2644342 4165446 4165446 515375 1048 514327 FOOD 1832758 1830056 2702 UTILITIES 1125838 1125838 REAL ESTATE TAXES 399829 384217 15612 MAINTENANCE BUILDING 295655 295655 -682285 -1256542 574257 24013220 21497107 2516113 0 851064 2138934 206199 32562 100000 100000 6145383 5732788 115186332 41887782 74594327 73298550 20831466 20971262 17686756 18502962 387030 379258 120802225 121156316 2761227 3013087 48857046 48455245 50800000 49690000 24864200 26023850 127282473 127182182 X -9010240 -8779476 2529992 2753610 -6480248 -6025866 120802225 121156316 597211 -142829 0 X X 0 1 X 1 0 X 81880 596852 105443 290837 193312 1268324 19440541 20904236 21703401 21858257 23036541 106942976 19522421 21501088 21808844 22149094 23229853 108211300 0 0 0 108211300 575662 574374 574986 353176 483285 2561483 575662 574374 574986 353176 483285 2561483 20098083 22075462 22383830 22502270 23713138 110772783 0.97690 0.97330 0.02310 0.02670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3 186332 6537137 0 0 1523380 1523380 105016067 34953655 70062412 7899978 6335098 1564880 746907 599029 147878 73298550 MORTGAGES 155610 F CASH AND CASH EQUIVALENTS 5405003 F REAL ESTATE INVESTMENTS 1745500 C ACCRUED INCOME 22680 F MUTUAL FUNDS 1896821 F GOVERNMENT BONDS 9277348 F 18502962 DEPOSITS FROM PROSPECTIVE CLIENTS 224350 REFUNDABLE ENTRANCE FEES 25799500 26023850 X 24134015 -142829 -142829 24276844 333587 333587 24610431 23679633 0 23679633 333587 333587 24013220 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR INCOME TAX PROVISIONS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CONCEPT TOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CREATES A SINGLE MODEL TO ADDRESS UNCERTAINTY IN TAX POSITIONS AND CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES, AT DECEMBER 31, 2014 AND 2013 FOR UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION HAS ADOPTED A POLICY UNDER WHICH, IF REQUIRED TO BE RECOGNIZED IN THE FUTURE, IT WILL CLASSIFY INTEREST RELATED TO THE UNDERPAYMENT OF INCOME TAXES AS A COMPONENT OF INTEREST EXPENSE, AND IT WILL CLASSIFY ANY RELATED PENALTIES IN ADMINISTRATIVE EXPENSES IN THE STATEMENTS OF UNRESTRICTED REVENUES, EXPENSES, AND OTHER CHANGES IN UNRESTRICTED NET ASSETS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS' ASSISTANCE REPORTED AS A REDUCTION TO OTHER INCOME ON F/S BUT REPORTED AS AN EXPENSE ON PAGE 10, PART IX, LINE 2 ON 990 333,587. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS' ASSISTANCE REPORTED AS A REDUCTION TO OTHER INCOME ON F/S BUT REPORTED AS AN EXPENSE ON PAGE 10, PART IX, LINE 2 ON 990 333,587. 1 RENT SUBSIDIES 14 333587 PART I, LINE 2: EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. SUCH RESIDENTS USUALLY APPLY FOR ASSISTANCE BY MEETING WITH THE PRESIDENT OR THE VICE PRESIDENT OF FINANCE. THEIR REQUEST IS THEN SUBMITTED TO, REVIEWED BY, AND APPROVED OR DENIED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. X 0 0 0 0 0 0 0 0 0 SALVATORE MOLITE JR PRESIDENT 293374 0 0 0 0 0 15642 0 0 0 309016 0 0 0 WILLIAM GARRETT JR EXECUTIVE VICE PRESIDENT 173516 0 0 0 0 0 9092 0 5597 0 188205 0 0 0 KENNETH L BULLOCK VICE PRESIDENT FINANCE 141212 0 0 0 0 0 7462 0 5597 0 154271 0 0 0 A MARYLAND HEALTH & HIGHER EDUCATION FACILITIES AUTHORITY 520936091 574217XWO 2006-07-06 80365000 EXPANSION AND RENOVATION OF FACILITY/REFUNDING OF EXISTING DEBT 0 0 0 A 2008 0 0 1 1 A 0 0 0 0 0 0 0 A 1 0 0 0 0 0 A 0 SAL MOLITE JR OFFICER MORTGAGE X 256270 155613 0 1 1 155613 FRANK AND SALLY KNECHT SALLY KNECHT IS A FORMER BOARD MEMBER AND FRANK KNECHT IS HER HUSBAND 56640 ON 7/23/2013, FRANK AND SALLY KNECHT ENTERED INTO A RESIDENCE AND CARE AGREEMENT WITH THE GENERAL GERMAN AGED PEOPLE'S HOME AND PAID AN ENTRANCE FEE OF $222,500. IN 2014, THEY PAID MONTHLY FEES OF $56,640 FOR THE YEAR. 0 GUNTHER AND JOAN WERTHEIMER GUNTHER AND JOAN WERTHEIMER ARE PARENTS OF BOARD MEMBER DEBRA WERTHEIMER 73080 ON 9/25/2013, GUNTHER AND JOAN WERTHEIMER ENTERED INTO A RESIDENCE AND CARE AGREEMENT WITH THE GENERAL GERMAN AGED PEOPLE'S HOME AND PAID AN ENTRANCE FEE OF $374,500. IN 2014, THEY PAID MONTHLY FEES OF $73,080 FOR THE YEAR. 0 FRANK KUEHN FRANK KUEHN IS A FOMER DIRECTOR 59640 ON 7/1/2008, FRANK KUEHN ENTERED INTO A RESIDENCE AND SERVICE AGREEMENT WITH THE GENERAL GERMAN AGED PEOPLE'S HOME AND PAID AN ENTRANCE FEE OF $478,500. IN 2014, HE PAID MONTHLY FEES OF $59,640 FOR THE YEAR. HE DIED ON 8/18/2014. 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION IS A NON-STOCK CORPORATION THAT HAS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ON THE BOARD OF DIRECTORS AND APPROVE THEIR ACTIONS FORM 990, PART VI, SECTION A, LINE 7B ELECT DIRECTORS, APPROVE AUDITORS, RATIFY ACTIONS OF THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BOARD PRIOR TO BEING FILED AND WAS DISCUSSED AND REVIEWED AT A MEETING OF A QUORUM OF THE BOARD FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF CONFLICT OF INTEREST STATEMENTS FORM 990, PART VI, SECTION B, LINE 15A CEO'S COMPENSATION WAS REVIEWED BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE DISTRIBUTED TO BONDHOLDERS, MD DEPARTMENT OF AGING, MHHEFA AND INTERESTED PARTIES THROUGH THE DISCLOSURE STATEMENT. OTHER ITEMS ARE DISTRIBUTED ON A CASE BY CASE BASIS. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE AUDIT. THE BOARD OF DIRECTORS APPROVE THE AUDITORS. THERE HAS BEEN NO CHANGE IN THE PROCESS OF THE OVERSIGHT OF THE FINANCIALS.