2015-08-12T15:51:00-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2014-01-01 830344521 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY WHIT 2154028500 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 PETER E FLEMING CFO 2154028500 2015-08-04 1 JAMES D WATSON P01450300 2156433900 2014 2016-02-25 16:41:14Z PETER E FLEMING 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 48143279 0 X WWW.THEHILLATWHITEMARSH.ORG X 2001 PA TO SUPPORT, HONOR, AND UPLIFT THE LIVES OF ITS RESIDENTS AND THOSE WHO SERVE THEM. 18 17 405 100 0 0 2028517 573857 29481768 29922965 31801 35599 960956 1042757 32503042 31575178 0 0 0 0 9504699 10056379 0 0 0 25182462 25605399 34687161 35661778 -2184119 -4086600 219860182 214434534 259751132 258393187 -39890950 -43958653 TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE SERVICES TO SENIOR CITIZENS IN OUR SURROUNDING COMMUNITIES TO ALLOW OUR RESIDENTS TO LIVE AS INDEPENDENT A LIFESTYLE AS POSSIBLE WITH DIGNITY AND COMPASSION. 0 0 32682809 29935867 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY OWNS AND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE, DINING, WELLNESS AND RELATED SERVICES AND AMENITIES TO SERVE ITS 65 AND OLDER SENIOR RESIDENTS. THE COMMUNITY IS COMPRISED OF 179 APARTMENT RESIDENCES, 86 ATTACHED AND DETACHED SINGLE FAMILY HOMES, 60 SKILLED NURSING ROOMS AND 28 ASSISTED LIVING SUITES IN THE HEALTH CENTER AND DINING AND WELLNESS FACILITIES LOCATED ON 96 ACRES IN WHITEMARSH TOWNSHIP, PENNSYLVANIA. AS OF DECEMBER 31, 2014, 232 OF THE RESIDENCES WERE OCCUPIED. 32682809 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 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 59 0 405 1 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X PETER E FLEMING CFO 2154028712 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 NEIL LUBARSKY TRUSTEE 0.50 0.00 X 0 0 0 HENRY CROUTER TREASURER 0.50 0.00 X X 0 0 0 PHILIP S DEMING CHAIRMAN 2.00 0.00 X X 0 0 0 EDITH DIXON TRUSTEE 0.50 0.00 X 0 0 0 WILLIAM MCDOWELL TRUSTEE 0.50 0.00 X 0 0 0 LOUISE JOHNSTON TRUSTEE 0.50 0.00 X 0 0 0 RICHARD JONES JR VICE CHAIRMAN 2.00 0.00 X X 0 0 0 WILLIAM MARAZZO TRUSTEE 0.50 0.00 X 0 0 0 JUDITH MCGRUTHER CHIEF EXECUTIVE OFFICER 50.00 0.00 X X 364825 0 10683 JOHN BINSWANGER TRUSTEE 0.50 0.00 X 0 0 0 JESSICA MOORE TRUSTEE 0.50 0.00 X 0 0 0 HUGH MOULTON SECRETARY 0.50 0.00 X X 0 0 0 SHAUN O'MALLEY TRUSTEE 0.50 0.00 X 0 0 0 FRANK REED TRUSTEE 0.50 0.00 X 0 0 0 JAMES STUDDIFORD TRUSTEE 0.50 0.00 X 0 0 0 MACK STULB TRUSTEE 0.50 0.00 X 0 0 0 SUSAN PARKS TRUSTEE 0.50 0.00 X 0 0 0 BRUCE WILSON TRUSTEE 0.50 0.00 X 0 0 0 CHRIS VAN DE VELDE- PART YEAR TRUSTEE 0.50 0.00 X 0 0 0 PETER FLEMING CHIEF FINANCIAL OFFICER 50.00 0.00 X 177294 0 14409 PETER VON MECHOW HEALTHCARE ADMINISTRATOR 50.00 0.00 X 124945 0 3252 EMILY LIEBERT MDS COORDINATOR 40.00 0.00 X 104602 0 7983 771666 0 36327 4 0 1 0 FUNCTIONAL PATHWAYS 614 MABRY HOOD ROAD SUITE 301 KNOXVILLE TN 37932 THERAPY PROVIDER 1248304 SENIOR HEALTH VENTURES LLC 737 WEST CHESTER PIKE SUITE 5 HAVERTOWN PA 19083 HOME CARE COMPANIONS 811456 RJL SERVICES 852 MEADOWNWOOD LANE WARMINSTER PA 18974 GENERAL CONTRACTOR 418686 PEPPER HAMILTON LLP 3000 TWO LOGAN SQUARE PHILADELPHIA PA 19103 LEGAL SERVICES 354411 CONTRACT PHARMACY SERVICES 125 TITUS AVENUE WARRINGTON PA 18976 PHARMACY PROVIDER SERVICE 322529 24 573857 57349 573857 RESIDENT CARE FEES 623000 25513887 25513887 AMORT OF DEFERRED ENTRANCE FEES 623000 3809493 3809493 MEDICAL CARE FEES 623000 599585 599585 29922965 108925 108925 22491 0 22491 22491 22491 16494775 16568101 -73326 -73326 -73326 MEAL REVENUE 722210 419231 419231 UTILITIES REVENUE 221000 223640 223640 377395 377395 1020266 31575178 29922965 0 1078356 607540 607540 7813257 7351401 461856 99555 99555 868521 769698 98823 667506 525312 142194 395578 395578 112065 112065 1181126 1181126 286074 259514 26560 4052203 3772917 279286 201360 75390 125970 3108734 3057456 51278 8010 3508 4502 37487 33845 3642 7720899 7720899 7689615 7689615 495923 495923 REPAIRS AND MAINTENANCE 235187 234841 346 DUES AND SUBSCRIPTIONS 41702 7287 34415 EDUCATION AND TRAINING 39436 39436 35661778 32682809 2978969 0 1877783 2486727 2194 52203 808158 889432 732280 807913 229022208 43458936 190140094 185563272 19220523 18633490 7079150 6001497 219860182 214434534 1931881 1901931 123076730 123795664 118078840 115572864 193719 247393 11354 0 6072000 6072000 10386608 10803335 259751132 258393187 X -39890950 -44214054 255401 -39890950 -43958653 219860182 214434534 -4086600 18897 0 X 0 1 X 1 0 X 192612 437831 1041096 2028517 573857 4273913 28618288 28441669 30684480 29504030 29958358 147206825 28810900 28879500 31725576 31532547 30532215 151480738 92421 305549 670415 1702725 189045 2960155 0 92421 305549 670415 1702725 189045 2960155 148520583 396013 390130 198640 158502 131416 1274701 396013 390130 198640 158502 131416 1274701 812473 898120 2172831 916428 984873 5784725 30019386 30167750 34097047 32607477 31648504 158540164 0.93680 0.93510 0.00800 0.01020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 14343480 14343480 209722870 40024489 169698381 4955858 3434447 1521411 185563272 ASSETS LIMITED AS TO USE 10338404 C STATUTORY LIQUID RESERVE 8295086 C 18633490 INTEREST PAYABLE ON BONDS 3014740 INTEREST PAYABLE ON NOTES 4701095 DEFERRED DEVELOPMENT FEES 3087500 10803335 X 31338674 18897 18897 31319777 255401 255401 31575178 35661778 0 35661778 0 35661778 PART IV, LINE 2B: DEPOSITS FROM PROSPECTIVE RESIDENTS CONSISTING OF RESERVATION FEE DEPOSITS ARE RECEIVED FROM PROSPECTIVE RESIDENTS PURSUANT TO THE EXECUTION OF THE RESIDENCY AGREEMENT AND GENERALLY REPRESENT 10% OF THE TOTAL ENTRANCE FEE FOR THE UNIT SELECTED. THE DEPOSITS ARE APPLIED TO THE TOTAL ENTRANCE FEE DUE UPON OCCUPANCY. PART X, LINE 2: THE CORPORATION HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE CORPORATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. THE CORPORATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2011 TO 2013 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: TEMPORARILY RESTRICTED CONTRIBUTIONS 255,401. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 JUDITH MCGRUTHER CHIEF EXECUTIVE OFFICER 326200 0 38625 0 0 0 0 0 10683 0 375508 0 0 0 PETER FLEMING CHIEF FINANCIAL OFFICER 159774 0 17520 0 0 0 0 0 14409 0 191703 0 0 0 PART I, LINE 1A JUDITH MCGRUTHER RECEIVED A GROSS-UP PAYMENT TO COVER 'EXCESS' DISTRIBUTION FROM THE 403B PLAN OF $1,069.00. PETER FLEMING RECEIVED A GROSS-UP PAYMENT TO COVER 'EXCESS' DISTRIBUTION FROM THE 403B PLAN OF $740.00. THESE PAYMENTS ARE INCLUDED IN THEIR TAXABLE COMPENSATION FOR THE CALENDAR YEAR 2014. PART I, LINE 4B JUDITH MCGRUTHER PARTICIPATED IN THE 457F PLAN AND MADE CONTRIBUTIONS OF $17,500 DURING 2014. PART I, LINE 7 PERFORMANCE BASED BONUS. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232241512 613609UP9 2005-02-07 179262187 CONSTRUCTION AND DEVELOPMENT OF CCRC 0 0 0 B MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232241512 613609XP6 2008-04-03 6000000 CONSTRUCTION AND DEVELOPMENT OF CCRC 0 0 0 A 64532323 179262187 9517306 121186 1845973 167898908 2007 0 0 1 1 B 6000000 420000 120000 5460000 2008 0 0 1 1 A 0 1 0 0 0.00220 0.00220 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K PART IV LINE 2C COL. A AND B THE REBATE COMPUTATION FOR THE 2005 AND 2008 BOND WAS PERFORMED ON FEBRUARY 1 OF 2014. X 2 57349 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 AN EXECUTIVE COMMITTEE AND/OR ANY OTHER STANDING OR TEMPORARY COMMITTEE, CONSISTING OF TWO (2) OR MORE TRUSTEES, MAY BE APPOINTED BY THE BOARD OF TRUSTEES FROM TIME TO TIME. EACH SUCH COMMITTEE SHALL HAVE AND EXERCISE SUCH AUTHORITY OF THE BOARD OF TRUSTEES ON BEHALF OF THE CORPORATION IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION AS THE BOARD MAY SPECIFIY IN THE RESOLUTION ESTABLISHING SUCH COMMITTEE OR AS THE BOARD BY RESOLUTION MAY SUBSEQUENTLY DETERINE, WHICH MAY INCLUDE ANY ACTION WHICH THE PENNSYLVANIA NONPROFIT CORPORATION LAW OF 1988 PROVIDES SHALL OR MAY BE TAKEN BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION COMPLETES THE NECESSARY DATA TO FACILITATE THE PREPARATION BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM. ONCE THE FORM 990 IS PREPARED, IT IS PROVIDED IN DRAFT FOR MANAGEMENT TO REVIEW AND PROVIDE INPUT. THE FORM 990 IS THEN REVIEWED WITH THE BOARD'S AUDIT COMMITTEE AT ONE OF THEIR REGULAR QUARTERLY MEETINGS AND THEN IT IS DISTRIBUTED TO THE WHOLE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY EACH BOARD MEMBER AND SUBMITTED TO THE GOVERNANCE COMMITTEE OF THE BOARD FOR THEIR REVIEW. BASED ON THEIR REVIEW, THE GOVERNANCE COMMITTEE DETERMINES WHETHER A POTENITAL OR ACTUAL CONFLICT OF INTEREST EXISTS AND SUBMITS THE MATTER TO THE FULL BOARD FOR THEIR CONSIDERATION. THE FULL BOARD THEN DECIDES WHAT ACTION SHOULD BE TAKEN IN RESPONSE TO THE CONFLICT WHICH MAY INCLUDE THE RESIGNATION FROM THE BOARD OF THE MEMBER WITH A CONFLICT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, SUCH PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD BASED ON A REVIEW OF THE CEO'S PERFORMANCE RELATIVE TO THE ORGNANIZATION'S GOALS, A REVIEW OF THE COMPENSATION OF CEO'S FROM COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990 AND A REVIEW OF RELVANT COMPENSATION SURVEY INFORMATION AND WITH THE ADVICE OF COUNSEL. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO BASED ON A REVIEW OF THE KEY EMPLOYEES PERFORMANCE RELATIVE TO THE ORGNANIZATION'S GOALS, A REVIEW OF COMPENSATION AT COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990, A REVIEW OF RELEVANT SALARY SURVEYS AND WITH THE ADVICE OF THE EXECUTIVE COMMITTEE. COMPENSATION REVIEWS FOR OFFICERS AND KEY EMPLOYEES LAST OCCURRED IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED TO A FINANCIAL DISCLOSURE WEB SITE, INCLUDED WITH THE PUBLICLY AVAILABLE DISCLOSURE STATEMENT OF THE COMMUNITY AND DISTRIBUTED UPON REQUEST TO ALL RESIDENTS OF THE COMMUNITY.