2015-11-20T12:05:22-06:00 2014-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2014-01-01 202004162 KING FARM PRESBYTERIAN RETIREMENT COMMUNITY INC KING 2404999015 701 KING FARM BLVD ROCKVILLE MD 20850 YORAM TANAY CONTROLLER 2404999015 2015-11-20 1 JULIUS GREEN CPA JD P00350393 2159720701 2014 2016-04-25 22:37:26Z INGLESIDE AT KING FARM LYNN O'CONNOR 701 KING FARM BLVD ROCKVILLE MD 20850 19807204 0 X WWW.INGLESIDEATKINGFARM.ORG X 2004 MD PROVIDE QUALITY CONTINUING CARE SERVICES TO OLDER ADULTS IN A PRESBYTERIAN-AFFILIATED ORGANIZATION. 14 14 271 150 0 0 179209 147067 17240046 18335032 52623 33376 345529 409097 17817407 18924572 0 6507 0 0 6807954 7334812 0 0 0 16993085 16620078 23801039 23961397 -5983632 -5036825 179175632 178499110 224312353 228490637 -45136721 -49991527 X WESTMINSTER INGLESIDE WILL EXCEL IN PROVIDING DISTINCTIVE AND SUSTAINABLE RESIDENTIAL SETTINGS WHERE ACTIVE SENIORS LIVE IN VIBRANT, CARING, AND SPIRITUALLY RICH COMMUNITIES, AND WHERE THEY CAN RELY ON CONTINUING WELLNESS AND HEALTHCARE SERVICES FOR THEMSELVES AND THEIR NEIGHBORS. 0 0 21699651 6507 18335032 CHARITABLE PURPOSE: CARING FOR SENIORSINGLESIDE AT KING FARM (IKF) IS A FAITH-BASED, NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN ROCKVILLE, MARYLAND JUST NORTH OF WASHINGTON DC. IKF OFFERS THREE LEVELS OF CARE TO SENIORS OVER THE AGE OF 65 WHO ARE RESIDENTS OF INDEPENDENT LIVING, ASSISTED LIVING, OR COMPREHENSIVE CARE, ALL OF WHICH ARE LICENSED AND REGULATED BY THE STATE OF MARYLAND.IKF ENHANCES THE LIVES OF ALL RESIDENTS THROUGH THE LIFE-ENRICHMENT PROGRAMMING PERFORMED DAILY. OVER 4,000 PROGRAMS ARE HELD ANNUALLY, FOCUSING ON THE NINE DIMENSIONS OF WELLNESS. OVERALL THE PROGRAMS ARE DIRECTED TOWARD ACHIEVING AND MAXIMIZING AN INDIVIDUAL'S HIGHEST POTENTIAL, EVEN AS HE OR SHE EXPERIENCES OLDER ADULTHOOD. IKF HAS DEDICATED PERSONNEL FOR LIFE ENRICHMENT IN ALL THREE LEVELS OF CARE PROVIDED.THE PHYSICAL ASPECT OF WELLNESS CENTERS ON GETTING REGULAR EXERCISE, MAINTAINING GOOD NUTRITION, AND AVOIDING RISKY BEHAVIORS. IKF PROMOTES PHYSICAL WELLBEING THROUGH REGULAR EXERCISE AND STRETCHING PROGRAMS AND HAVING A PERSONAL TRAINER ON HAND TO GIVE RESIDENTS INDIVIDUAL ATTENTION. A POOL AND SWIMMING INSTRUCTION ARE ALSO AVAILABLE TO RESIDENTS AS A MEANS OF HELPING THEM STAY PHYSICALLY ADEPT. IN ADDITION, IKF USES THE SERVICES OF A NUTRITIONIST TO CONSULT WITH RESIDENTS CONCERNING THEIR DIETS. IKF ENCOURAGES INTELLECTUAL WELLNESS FOR RESIDENTS BY OFFERING CONVERSATIONS ON CURRENT EVENTS, OPPORTUNITIES TO LISTEN TO SPEAKERS ON A WIDE VARIETY OF SUBJECTS, AND A CHANCE TO PARTICIPATE IN THE RESIDENT COUNCIL AND OTHER COMMUNITY ORGANIZED COMMITTEES WHICH OFFER ADVICE TO THE ADMINISTRATION. FOR THOSE WHO ARE EXPERIENCING MEMORY LOSS, IKF HAS A DEDICATED STAFF PERSON TO DESIGN AND LEAD SPECIAL ACTIVITIES TO INVIGORATE THE MIND. EMOTIONAL WELLNESS INCORPORATES THE CONCEPT OF BELIEVING IN ONESELF, HAVING THE ABILITY TO COPE AND ADJUST TO CHALLENGES IN A HEALTHY WAY, ENJOYING LIFE, AND STAYING OPTIMISTIC. IKF PROMOTES EMOTIONAL WELLNESS BY ENGAGING RESIDENTS IN DECISION MAKING PROCESSES WHEN APPROPRIATE, CELEBRATING THEIR LIFETIME MILESTONES, AND PROVIDING A WIDE VARIETY OF ACTIVITIES THAT APPEAL TO DIVERSE PEOPLE. FOR EXAMPLE, RESIDENTS ARE ENCOURAGED TO TAKE A LEADERSHIP ROLE IN CREATING ON-CAMPUS PROGRAMS. RECENTLY A RESIDENT SOUGHT TO INITIATE A SCIENCE CLUB ON CAMPUS, WHILE ANOTHER SOUGHT OUT COLLABORATION BETWEEN STAFF AND RESIDENTS TO IMPROVE THE SERVICES BEING OFFERED THROUGH INTERNAL SURVEYS AND ANALYSIS. A THIRD EXAMPLE OF COMMUNITY INVOLVEMENT IS EXEMPLIFIED THROUGH THE GROUP OF RESIDENTS WHO ARE CAREER DOCTORS. THESE PERSONS SOUGHT ADMINISTRATION TO SUPPORT THE COMPREHENSIVE CARE CENTER BY PERFORMING EXIT INTERVIEWS SO THE SERVICES COULD BE ENHANCED. HERE RESIDENTS TOOK THE INITIATIVE AND VOLUNTEERED TO FURTHER SUPPORT THE CULTURE AT IKF.CONTINUING CARE RETIREMENT COMMUNITIES (CCRCS) ARE BY THEIR VERY NATURE SOCIAL ENTITIES ENABLING RELATIONSHIP DEVELOPMENT. TRADITIONALLY PEOPLE WHO AGE IN CCRCS LIVE LONGER THAN THOSE WHO DO NOT, LARGELY BECAUSE OF THE SOCIAL ENVIRONMENT AND THE CONTINUING HEALTH CARE. RESIDENTS DINE TOGETHER, ATTEND EVENTS AND ACTIVITIES TOGETHER, AND OCCUPY THE SAME COMMON AREAS; THEY ARE NOT ISOLATED AS THEY WOULD BE IF THEY LIVED ALONE. MORNING MINGLES AND OUTREACH BY THE WELCOME COMMITTEE ARE IMPORTANT WAYS OF KEEPING RESIDENT ENGAGEMENT VIBRANT AT IKF. PEOPLE AT IKF COME FROM A DIVERSE BACKGROUND WITH A WIDE VARIETY OF BELIEFS AND IDEAS, AND FEEL FREE TO SHARE THESE INTERESTS WITH OTHERS. THERE ARE MANY DIMENSIONS TO SPIRITUAL WELL-BEING, AND IKF HONORS ALL OF THEM. PROTESTANT, CATHOLIC, AND JEWISH SERVICES ARE OFFERED REGULARLY, AND ALL BELIEFS ARE HONORED ON THE WORLD DAY OF PRAYER. THERE IS A SPIRITUAL LIFE COMMITTEE OF MEMBERS, LED BY THE IKF CHAPLAIN, FOCUSED ON DEVELOPING AN INCLUSIVE SENSE OF SPIRIT AT IKF. THROUGH ITS PROGRAMS, PEOPLE FIND DEEPER PURPOSE AND MEANING IN THEIR LIVES. IKF OFFERS DANCE, TAI CHI, CHORUS AND A VARIETY OF ACTIVITIES THAT AWAKEN THE SPIRITUAL SIDE OF RESIDENTS. FROM AN ENVIRONMENTAL WELLNESS PERSPECTIVE, IKF IS A LEADER IN ENERGY AND ENVIRONMENTAL DESIGN (LEED) BECAUSE WE ARE A (GREEN) CERTIFIED BUILDING. RESIDENTS RECYCLE, AND IKF HAS RECEIVED RECYCLING AWARDS FROM THE COUNTY. THE BUILDING IS ALSO BEAUTIFUL, PROVIDING RESIDENTS WITH A CALM AND RELAXING ENVIRONMENT IN WHICH TO LIVE. CHARITABLE PURPOSE: HEALTH CAREIKF PROVIDES 24 HOUR EMERGENCY SUPPORT TO ALL RESIDENTS. FOR THOSE WHO LIVE IN INDEPENDENT LIVING, A 24 HOUR, 7 DAY A WEEK CONCIERGE CALLS 911 FOR EMERGENCY SERVICE. FOR ASSISTED LIVING AND COMPREHENSIVE CARE 24 HOUR EMERGENCY CARE IS PROVIDED. IKF ALSO PROVIDES HEALTH CARE IN OUR ASSISTED LIVING AND COMPREHENSIVE CARE ENVIRONMENTS. RESIDENTS WHO RETURN FROM THE HOSPITAL OR WHOSE HEALTH IS DECLINING OFTEN NEED ADDITIONAL CARE AND SO TRANSFER TO INCREASINGLY COMPREHENSIVE LEVELS OF CARE EITHER SHORT OR LONG-TERM. A WELLNESS CENTER IS STAFFED TO PROVIDE RESIDENTS WITH SERVICES OF AN ON-SITE NURSE, PHYSICIAN, AND NURSE PRACTITIONER. A REHABILITATION COMPANY PARTNERS WITH IKF IN THE PROVISION OF THOSE SERVICES. THE NURSE PROVIDES MONTHLY HEALTH EDUCATION TO ALL RESIDENTS. IN ADDITION, A PODIATRIST, OPTOMETRIST, AND DERMATOLOGIST COME REGULARLY TO SEE RESIDENTS. THE RESIDENTS OF IKF BENEFIT FROM ALL THE SERVICES AND OPPORTUNITIES PROVIDED TO THEM AS THEY EXPERIENCE OLDER ADULTHOOD WITH IKF. THIS ALLOWS THEM TO HAVE A CAREFREE LIFESTYLE, INSPIRED BY THEIR OWN CHOICES. THE CORPORATION EXTENDS CHARITY CARE AND OTHER SUPPORT TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS BENEVOLENT CARE POLICY AND ARE UNABLE TO PAY FOR SERVICES, AT ALL LEVELS OF CARE AS NEEDED AND WHEN APPROPRIATE, WITHOUT CHARGE OR AT RATES LESS THAN THOSE ESTABLISHED. THIS SUPPORT IS PROVIDED THROUGH A BENEVOLENCE FUND ESTABLISHED AT THE OUTSET OF THE COMMUNITY. 21699651 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 69 0 1 271 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X JIM HAEGER CONTROLLER 2025963132 5121 BROAD BRANCH RD NW WASHINGTON DC 20008 DALE CLARK DIRECTOR 1.00 7.00 X 0 0 0 MORGAN DOOLITTLE III CHAIR 2.00 4.00 X X 0 0 0 PETE WILLSON DIRECTOR 1.00 2.00 X 0 0 0 RUDY COHEN DIRECTOR 1.00 2.00 X 0 0 0 JAN FELDMAN DIRECTOR 0.50 1.00 X 0 0 0 JERRY HOPKINS DIRECTOR 1.00 1.00 X 0 0 0 ROBYN STONE DIRECTOR 0.50 1.00 X 0 0 0 EDWARD KELLEY DIRECTOR 1.00 2.00 X 0 0 0 SHELLEY JENNINGS DIRECTOR 1.00 2.00 X 0 0 0 KARL MATTISON DIRECTOR 1.00 5.00 X 0 0 0 BETH DAVIDSON SECRETARY 1.00 2.00 X X 0 0 0 RICHARD RIEGEL VICE CHAIR 2.00 2.00 X X 0 0 0 WILLIAM LEAHY DIRECTOR 0.50 1.00 X 0 0 0 HANS WYSS DIRECTOR 3.00 0.00 X 0 0 0 MONROE DICKINSON DIRECTOR (TERM EXP. JULY 2014) 3.00 2.00 X 0 0 0 ROBERT FRI BOARD CHAIR (RESIGNED OCTOBER 2014) 5.00 10.00 X X 0 0 0 CHARLES PETTY SECRETARY (RESIGNED MARCH 2014) 0.50 1.00 X X 0 0 0 LYNN O'CONNOR PRESIDENT 12.00 28.00 X 0 346822 28051 YORAM TANAY CFO 12.00 28.00 X 0 307317 34245 DUSANKA DELOVSKA-TRAKOVA CIO 13.00 27.00 X 128309 0 6059 MARILYN LEIST EXECUTIVE DIRECTOR 40.00 0.00 X 186001 0 6367 MONIQUE ELIEZER VP SALES MKTG & STRATEGY 13.00 27.00 X 0 326187 33266 VICTORIA BAKLY DIRECTOR OF NURSING 40.00 0.00 X 111582 0 25411 ADAEZE IKEOTUONYE NURSING HOME ADMINISTRATOR 40.00 0.00 X 104129 0 12203 MEGAN BAKER DIRECTOR OF A/R AND BILLIN 13.00 27.00 X 0 124862 18439 BRIAN AMTMANN CONTROLLER 12.00 28.00 X 0 133927 31317 530021 1239115 195358 4 0 1 0 FLAGSHIP REHABILITATION 157 BALTIMORE STREET CUMBERLAND MD 21502 THERAPY SERVICES 526967 GREENBRIER DEVELOPMENT LLC 3232 MCKINNEY AVE SUITE 1160 DALLAS TX 75204 DEVELOPMENT MANAGEMENT 170865 2 76038 71029 147067 RESIDENT REVENUE 623000 18335032 18335032 18335032 95418 95418 820590 826094 56538 -5504 -56538 -62042 -62042 CATERING, CAFE AND DELI INCOME 623000 107936 107936 BEAUTY/BARBER SHOP INCOME 623000 94746 94746 PERSONAL TRAINING REVENUE 623000 85080 85080 121335 121335 409097 18924572 18335032 0 442473 6507 6507 326736 292044 34692 5681158 5077954 603204 31067 22348 8719 734750 618330 116420 561101 490586 70515 573443 573443 38516 38516 51537 51537 272 272 23645 23645 1566697 1244002 322695 292778 292778 225920 182071 43849 67661 11029 56632 4723597 4723597 11190 11183 7 132423 99337 33086 6249902 6249902 117087 15795 101292 DIETARY EXPENSE 1410206 1410206 THERAPY EXPENSE 607415 607415 MEDICAL SUPPLIES 221354 221354 LICENSE, FEES, DUES 178065 21056 157009 128370 102157 26213 23961397 21699651 2261746 0 400 500 8813758 9605108 3780418 1373172 259066 356431 170229652 34968365 136356203 135261287 24244498 26516340 1018091 937875 4703198 4448397 179175632 178499110 2591701 10018882 2377157 3246802 55460000 54290000 163883495 160934953 224312353 228490637 X -45473445 -50483094 336724 491567 -45136721 -49991527 179175632 178499110 X -5036825 27176 154843 X 0 1 X 1 0 X 21939 179209 145067 346215 12291317 12550019 15325769 17240046 18337032 75744183 286594 310990 327574 394026 1319184 12291317 12836613 15658698 17746829 18876125 77409582 0 0 0 77409582 156905 75616 182100 47444 95418 557483 156905 75616 182100 47444 95418 557483 3114 15496 17956 15071 51637 12448222 12915343 15856294 17812229 18986614 78018702 0.99220 0.98220 0.00710 0.01730 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 3,114. 2012 AMOUNT: $ 8,815. 2013 AMOUNT: $ 15,594. 2014 AMOUNT: $ 15,071. PAST DUE ACCOUNT INTEREST - 2012 AMOUNT: $ 6,681. 2013 AMOUNT: $ 2,362. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 272 272 0 PART II-B, LINE 1: THE FILING ORGANIZATION IS A MEMBER OF VARIOUS ORGANIZATIONS THAT SUPPORT SENIOR LIVING COMMUNITIES. A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS IS ALLOCATED TO LOBBYING EXPENSES. 23115317 23115317 129965416 27579054 102386362 14418730 7389311 7029419 2730189 2730189 135261287 PRIORITY LIST DEPOSITS 1232712 REFUNDABLE ENTRANCE FEES 159702241 160934953 X 19139484 27176 154843 182019 18957465 23645 -56538 -32893 18924572 23994290 56538 56538 23937752 23645 23645 23961397 PART X, LINE 2: THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN EITHER 2014 OR 2013. THE CORPORATION'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2013, 2012, AND 2011 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN INTEREST IN NET ASSETS OF FOUNDATION 154,843. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISPOSAL OF ASSETS -56,538. PART XII, LINE 2D - OTHER ADJUSTMENTS: DISPOSAL OF ASSETS 56,538. 1 WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION 5121 BROAD BRANCH RD NW WASHINGTON DC 20008 541949766 501(C)(3) 6507 GENERAL OPERATING SUPPORT 1 PART I, LINE 2: THE ASSISTANCE IS IN THE FORM OF REIMBURSED EXPENSES FOR A RELATED ENTITY. ALL ACCOUNTING FUNCTIONS ARE PERFORMED ON A CONSOLIDATED BASIS AND NO FURTHER MONITORING IS NECESSARY. X 0 0 X X X X 0 1 0 0 0 0 0 1 0 LYNN O'CONNOR PRESIDENT 0 296722 0 50100 0 0 0 24940 0 3111 0 374873 0 0 YORAM TANAY CFO 0 256317 0 51000 0 0 0 18392 0 15853 0 341562 0 0 MARILYN LEIST EXECUTIVE DIRECTOR 186001 0 0 0 0 0 3250 0 3117 0 192368 0 0 0 MONIQUE ELIEZER VP SALES MKTG & STRATEGY 0 326187 0 0 0 0 0 10123 0 23143 0 359453 0 0 BRIAN AMTMANN CONTROLLER 0 121226 0 12701 0 0 0 4271 0 27046 0 165244 0 0 PART I, LINE 1A MARILYN LEIST (EXECUTIVE DIRECTOR)RECEIVES A $1,000 HOUSING ALLOWANCE INCLUDED IN HER TAXABLE COMPENSATION. SHE LIVES IN COLORADO AND IS SIGNED TO A TERM CONTRACT. PART I, LINE 4B LYNN O'CONNOR PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR WHICH $14,813 WAS CONTRIBUTED IN 2014. YORAM TANAY ALSO PARTICIPATED IN THE SAME PLAN, WITH A $13,037 NON-VESTED CONTRIBUTION FOR THE YEAR. BRIAN AMTMANN, THE CONTROLLER, ALSO RECEIVED A BONUS BASED UPON A SIMILAR SET OF GOALS DURING THE YEAR. PART I, LINE 7 EXECUTIVES LYNN O'CONNOR, THE PRESIDENT AND CEO, AND YORAM TANAY, THE CFO, RECEIVED BONUSES AT THE DISCRETION OF THE BOARD OF DIRECTORS. THE BONUSES WERE BASED ON SET GOALS SUCH AS THE COMMUNITIES ACHIEVING THEIR BOND COVENANTS. A MARYLAND STATE HEALTH HIGHER EDUCATION FACILITIES AUTHORITY 520936091 574217C45 2007-01-11 174417700 FACILITY CONSTRUCTION AND REFUNDING OF PRIOR ISSUE 0 0 0 A 120127700 174417700 19836337 3348207 14426799 105032637 25312705 194976 2009 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND STATE HEALTH HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/17/2011 PART IV, LINE 2C A REBATE CALCULATION WAS PERFORMED ON APRIL 17, 2011 BY AN OUTSIDE CONSULTANT SPECIALIZING IN THE CALCULATIONS. DOCUMENTATION WAS PROVIDED TO THE ORGANIZATION AND NO REBATE WAS DUE. PART II, LINE 12A THERE WAS LITIGATION ON THE CONSTRUCTION. MEDIATION ENDED WITH A SETTLEMENT WHICH IS NOT TO BE DISCLOSED. THE SETTLEMENT FUNDS WERE DEPOSITED INTO A TRUSTEE-HELD CONSTRUCTION FUND TO MAKE THE REPAIRS. THE CONSTRUCTION IN PROGRESS AT DECEMBER 31, 2014 CONSISTS PRIMARILY OF RENOVATION/REPAIR COSTS RELATED TO THE CONSTRUCTION ISSUES. THE CONSTRUCTION FUNDS WERE PARTIALLY DRAWN AS REIMBURSEMENT TO KING FARM FOR APPROVED MHHEFA PROJECTS. INVOICES AND CANCELLED CHECKS SUPPORTED THE REIMBURSEMENTS. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD DELEGATES AUTHORITY TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR, VICE CHAIR, CHAIR EMERITUS, PRESIDENT/CEO, SECRETARY AND TREASURER. ALL ARE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 6 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. (45-3825159) IS THE SOLE MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF THE PARENT, WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. (45-3825159), HOLDS THE POWER TO ELECT, APPOINT, AND REMOVE MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC., THE PARENT ORGANIZATION, HAS THE POWER TO ACT ON BEHALF OF THE ORGANIZATION AS WELL AS HAVING THE POWER TO DEFINE THE MISSION, POLICIES, AND RETAINING, EVALUATING, AND SETTING COMPENSATION FOR THE PRESIDENT/CEO. IT ALSO HAS THE RIGHT TO DELEGATE ANY OF ITS POWERS TO THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE INITIAL REVIEW IS PERFORMED BY THE PRESIDENT, CHIEF FINANCIAL OFFICER, AND CONTROLLER. ONCE THE MANAGEMENT TEAM APPROVES THE DRAFT, ALL BOARD MEMBERS RECEIVE A COPY OF THE RETURN FOR REVIEW. BOARD MEMBERS MAY DISCUSS CORRECTIONS, REVISIONS, AND QUESTIONS WITH MANAGEMENT. SUBSEQUENT TO BOARD REVIEW THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY STATES THAT DIRECTORS, OFFICERS, AND ALL EMPLOYEES ANNUALLY, OR AT ANY TIME THAT A SITUATION ARISES, DECLARE CONFLICTS OF INTEREST. NOT ONLY ACTUAL CONFLICTS BUT TRANSACTIONS FROM WHICH A CONFLICT MAY APPEAR TO EXIST ARE TO BE DISCLOSED TO THE BOARD CHAIR OR THE FOUNDATION DIRECTOR. THE BOARD CHAIRMAN, DIRECTOR, AND PRESIDENT/CEO OF THE ORGANIZATION MONITOR CONFLICT DISCLOSURES. ANY DIRECTOR OR OFFICER FOR WHICH A CONFLICT MAY BE INVOLVED IS EXPECTED TO REMAIN REMOVED FROM ANY DISCUSSIONS OR DECISION-MAKING RELATED TO THE CONFLICT. BUSINESS AND FAMILY RELATIONSHIPS ARE SPECIFICALLY MENTIONED IN THE CONFLICT OF INTEREST STATEMENT AS PART OF THE DUE DILIGENCE THE ORGANIZATION FOLLOWS TO ENSURE CONFLICTS ARE HANDLED IN AN ETHICAL MANNER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD EXECUTIVE COMMITTEE SERVING AS THE COMPENSATION COMMITTEE FOLLOWS COMPENSATION BEST PRACTICE PROCESSES TO EVALUATE AND COMPENSATE THE PRESIDENT/CEO. THE PROCESSES INCLUDE THE FOLLOWING: THE BOARD EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND USES TWO SALARY SURVEYS TO ESTABLISH COMPENSATION WITHIN FAIR VALUE RANGE. ONE SURVEY PROVIDES INFORMATION ON AN INDUSTRY-WIDE BASIS AND THE OTHER PROVIDES COMPARABLES FOR THE DC METROPOLITAN AREA. THE BOARD ALSO USED AN INDEPENDENT COMPENSATION CONSULTANT, RODEGHERO CONSULTING GROUP, TO ASSIST IN THE COMPENSATION ANALYSIS AND DETERMINATION. THESE METHODS PROVIDE ADDITIONAL BENCHMARKING INFORMATION TO ESTABLISH THE COMPENSATION PACKAGE FOR THE PRESIDENT/CEO. THE BOARD EXECUTIVE COMMITTEE, OPERATING AS THE COMPENSATION COMMITTEE, APPROVES THE PRESIDENT/CEO'S COMPENSATION, WHICH THEN GOES TO THE BOARD OF DIRECTORS FOR APPROVAL. ALL DISCUSSIONS ON COMPENSATION ARE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE SESSION. SIMILAR PROCEDURES ARE ESTABLISHED FOR OTHER KEY EMPLOYEES AS WELL. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATIONS' GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE KEPT IN THE LIBRARIES AT EACH COMMUNITY. THEY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN INTEREST IN NET ASSETS OF FOUNDATION 154,843. INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY 3050 MILITARY ROAD WASHINGTON DC 20015 530128590 RESIDENTIAL HEALTH CARE DC 501(C)(3) LINE 9 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER PRESBYTERIAN RETIREMENT COMMUNITY 12191 CLIPPER DRIVE LAKE RIDGE VA 22192 530128590 RESIDENTIAL HEALTH CARE VA 501(C)(3) LINE 9 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION 5121 BROAD BRANCH ROAD NW WASHINGTON DC 20008 541949766 PROVIDES SUPPORT TO RELATED ORGANIZATIONS DC 501(C)(3) LINE 11A, I WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER INGLESIDE KING FARM RETIREMENT COMMUNITIES INC 5121 BROAD BRANCH ROAD NW WASHINGTON DC 20008 453825159 SUPPORTING ORGANIZATION DC 501(C)(3) LINE 11B, II N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0