2014-11-13T10:08:54-07:00 2013-12-31 990 2013-01-01 061051218 DUNCASTER INCORPORATED DUNC 8603805111 40 Loeffler Road Bloomfield CT 06002 Michael A O'Brien President & CEO 8603805010 2014-11-14 2013 2015-11-30 17:44:51Z Michael A O'Brien 40 Loeffler Road Bloomfield CT 06002 21004883 0 X www.duncaster.org X 1984 CT To provide housing, security, and support services to persons 62 years and older, and to promote the health, self-esteem, independence and dignity to approximately 300 individuals 19 17 325 35 0 0 283369 427662 19394435 20127085 275675 12860 0 0 19953479 20567607 0 0 0 0 9575916 9902035 0 0 9280 11101769 11588848 20677685 21490883 -724206 -923276 57777106 56906534 55009839 61356307 2767267 -4449773 to provide housing, security, and support services to persons 62 years and older, and to promote the health, self-esteem, independence and dignity to approximately 300 individuals 0 0 18198097 0 20127085 to provide housing, security, and support services to persons 62 years and older, and to promote the health, self-esteem, independence and dignity to approximately 300 individuals 0 0 0 18198097 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 1 25 0 1 325 1 0 0 0 0 0 0 0 0 0 0 X 19 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CT X Elizabeth Anderson 8603805011 40 Loeffler Road Bloomfield CT 06002 James Betts Board Member 1 1 X 0 0 0 John F Byrnes Esq Board Member 1 1 X 0 0 0 William Cochran Treasurer 1 1 X X 0 0 0 Ed Fowler Board Member 1 1 X 0 0 0 R Michael Goman Board Member 1 0 X 0 0 0 Sondra King Secretary 1 1 X X 0 0 0 Deborah Koltenuk Board Member 1 1 X 0 0 0 George Kuchel MD Board Member 1 0 X 0 0 0 Geraldine M Lenz PhD Board Member 1 1 X 0 0 0 Maynard Miller Vice President 1 1 X X 0 0 0 Edgar Reed Chairman of the Board 1 1 X X 0 0 0 Keith Robertson Board Member 1 1 X 0 0 0 Avery Rockefeller Board Member 1 1 X 0 0 0 Caroline Rohrbach Board Member 1 0 X 0 0 0 Richard L Sega Board Member 1 1 X 0 0 0 John H P Wheat Vice President 1 1 X X 0 0 0 Alexander DeVito Board Member 1 1 X 0 0 0 Daniel Tracy Board Member 1 1 X 0 0 0 Michael O'Brien President/CEO 36 4.00 X X 234907 0 42102 Elizabeth Anderson Vice President of Finance 40 2 X 99820 0 11413 Carol Mortensen Administrator of Nursing Home 40 0 X 104850 0 0 Carol Ann McCormick Vice President of Sales & Marketing 40 0 X 113800 0 4651 Marcia Hincks Board Member 1 0 X 0 0 0 David Parmelee Board Member 1 0 X 0 0 0 553377 0 58166 3 0 1 0 Community Contractors Service 35A Peters Road Bloomfield CT 06002 renovations and remodeling 1746152 Olsen Construction Services 58 Alna Lane East Hartford CT 06108 construction management 284975 US Foodservice Inc PO Box 842700 Boston MA 02284 food 579422 Alliance Rehabilitation Services 1520 Kensington Road Oakbrook IL 60523 physical therapy services 591257 Woodcock Refrigeration 30 Kennedy Road South Windsor CT 06074 heating and air conditioning maintenance 381894 18 0 0 0 373550 0 54112 0 427662 Monthly Maintenance Fees 623990 10513803 10513803 0 0 Amortization of Entrance Fees 623990 2511170 2511170 0 0 Health Services Revenue 623990 6259921 6259921 0 0 842191 842191 0 0 20127085 50136 0 0 50136 0 0 0 0 0 0 0 0 0 0 400000 0 437276 0 -37276 0 -37276 0 0 -37276 0 0 20567607 20127085 0 12860 388242 277009 111233 0 8059599 7314170 736149 9280 288885 259996 28889 0 1165309 1048778 116531 0 41925 0 41925 0 73706 0 73706 0 17508 0 17508 0 317655 4415 313240 0 28195 13403 14792 0 62541 22589 39952 0 853151 853151 0 0 3580247 3580247 0 0 400348 400348 0 0 Utilities & Real Estate Taxes 2271367 1190546 1080821 0 Food & Beverages 1005369 1001063 4306 0 Consulting & Maintenance 1847113 1395195 451918 0 Medical & Other Supplies 707173 707173 0 0 382550 130014 252536 0 21490883 18198097 3283506 9280 1740052 381984 1307367 1505615 544485 520108 100275987 58284898 42637945 41991089 8273819 9837064 3273438 2670674 57777106 56906534 7327939 5357985 25863891 32580001 19276769 17769755 2541240 5648566 55009839 61356307 X 2767267 -4449773 0 0 0 0 2767267 -4449773 57777106 56906534 X -923276 436379 0 0 -14737817 8007674 X 0 1 X 1 0 X 382994 2112891 686627 283369 427662 3893543 20294010 19684553 19458325 19394435 20127085 98958408 20677004 21797444 20144952 19677804 20554747 102851951 102851951 150109 279892 584176 275675 12860 1302712 150109 279892 584176 275675 12860 1302712 20827113 22077336 20729128 19953479 20567607 104154663 0.98749 0.98344 0.01251 0.01656 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11590855 237720 2017283 573802 109516 8868 13153672 10682993 32672 1459403 468010 110919 5284 11590855 11188080 369175 -124562 611623 134663 3414 10682993 10662319 1739399 1057905 2142209 113877 15457 11188080 9420318 180000 1599975 504141 15401 18432 10662319 0.003 0.4688 0.5282 0 1 1 0 1016753 1016753 0 31532804 26525465 5007339 0 34461347 18639881 15821466 0 4421969 3900943 521026 0 28843114 9218609 19624505 41991089 Assets Whose Use is Limited by Indenture Agreement or Statute 2670674 2670674 Interest Rate Swap Obligation 975925 Deferred Gain on Sale of Asset 706641 Future Services Obligation 3966000 5648566 20567607 0 0 0 0 0 20567607 0 0 0 20567607 21490883 0 0 0 0 0 21490883 0 0 0 21490883 Schedule D, Part V, Line 4 The endowment assets are held by the Duncaster Foundation whose purpose is to support Duncaster, Inc X X X 0 1 0 0 0 0 0 0 0 Michael O'Brien President/CEO 234907 0 0 0 0 0 26461 0 15641 0 277009 0 0 0 Schedule J, Part I, Line 4 Michael O'Brien participated in a non-qualified deferred compensation program. A Connecticut Development Authority 066000799 xxxxxxxxx 2010-12-30 20770000 refinancing 1 0 0 A 0 0 20770000 0 0 8228768 414925 0 0 0 7810000 0 2010 1 1 1 1 A 0 0 0 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 Schedule K, Part II, Line 11-12/30/2010 20,770,000 Connecticut December 31, 2012 Schedule K, Part IV, Line 2c-12/30/2010 20,770,000 Connecticut a portion of the 2010 bond issue was used to defease Series 2002 bonds that matured 8/1/12 RC Knox Co John Byrnes Pres see below 107935 see below 0 Quinn Consulting Joan Quinn see below 183992 see below 0 Schedule L, Part IV John Byrnes is a member of the board of directors. He is also the president of our insurance broker, RC Knox & Co. Our insurance contract was put out to bid, his company won the bid, and we paid his company the insurance premiums. Joan Quinn is a former member of the board of directors who was engaged by the board for an operation analysis of our health care services. Form 990, Part VI, Section A, Line 4 During 2013, the organization amended its Certificate of Incorporation and Bylaws. The amendments did not alter the organization's exempt purpose, mission, name, quorum requirements or voting requirements, nor did they alter the duties, rights, authority, or qualifications of the organization's directors or officers. Instead the changes constituted a reorganization of the provisions contained within the documents, a clarification of certain provisions in the documents, and an expansion of the provisions dealing with board committees. Form 990, Part VI, Section B, Line 11b reviewed by audit committee, and copy of return provided to all members of board of directors prior to filing Form 990, Part VI, Section B, Line 12c officers, directors, and trustees sign off annually on compliance with conflict of interest policy Form 990, Part VI, Section B, Line 15 Board committee, board approval, employment contract Form 990, Part VI, Section C, Line 19 upon request Form 990, Part XI, Line 8 Duncaster, Inc. adopted ASU 2012-01 under which a continuing care retirement community must record a liability for refundable entrance fees payable to residents upon re-occupancy of their independent living units. Under ASU 2012-01, this liability is required to be recorded at the gross refundable amount and amortization of this balance is no longer permitted. The prior period adjustment of $14,737,817 reflects the impact to net assets as a result of this change Form 990, Part XI, Line 9 change in interest rate swap obligation and in future services obligation Duncaster Foundation Inc 40 Loeffler Road Bloomfield CT 06002 061406263 support Duncaster, Inc. mission CT 501(c)(3) 11 N/A 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 Duncaster Foundation Inc c 373550 Duncaster Foundation Inc e 20770000 amount of loan Duncaster Foundation Inc o 48866 allocation based on number of hours worked Duncaster Foundation Inc q 21844