2014-11-10T14:32:08-06:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 610 WGERMANTOWN PIKE STE400 PLYMOUTH MEETING PA 19462 990 2013-01-01 232499121 WHITE HORSE VILLAGE INC WHIT 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 JENNIFER SCHILPP VP OF FINANCE 6105585000 2014-11-06 1 BERNADETTE O'TOOLE CPA P00229258 2156433900 2013 2015-11-30 17:44:51Z JENNIFER SCHILPP 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 31085861 0 X WWW.WHITEHORSEVILLAGE.ORG X 1989 PA WE PROVIDE A FULL RANGE OF RETIREMENT LIFESTYLES ROOTED IN EXCELLENCE IN A VIBRANT COMMUNITY OF PEOPLE WHO CARE. 14 14 435 14 0 0 57385 166512 27173817 27875060 262941 300460 836650 621480 28330793 28963512 0 0 0 0 10739849 11502914 0 0 0 16056649 16302511 26796498 27805425 1534295 1158087 94363916 97471961 111563631 108157196 -17199715 -10685235 WE PROVIDE A FULL RANGE OF RETIREMENT LIFESTYLES ROOTED IN EXCELLENCE IN A VIBRANT COMMUNITY OF PEOPLE WHO CARE. 0 0 20736389 28036668 WHITE HORSE VILLAGE, INC PROVIDES CARE UNDER LIFE CARE CONTRACTS TO APPROXIMATELY 500 ADULTS, ALL OVER THE AGE OF 62. UNDER THESE CONTRACTS, WHITE HORSE VILLAGE, INC. PROVIDES HOUSING, MEALS, UTILITIES, MAINTENANCE, AND CERTAIN MEDICAL SERVICES TO THESE RESIDENTS. 20736389 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 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 1 1 0 0 1 56 0 435 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X JENNIFER K SCHILPP VP OF FINANCE 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 ALFRED F MEYER DIRECTOR 1.00 0.00 X 0 0 0 JOHN C SNYDER ESQ CHAIR 1.00 1.00 X X 0 0 0 MICHAEL J HAMMOND TREASURER 1.00 0.00 X X 0 0 0 AMY T CARPENTER DIRECTOR 1.00 0.00 X 0 0 0 JOAN C FRANK DIRECTOR 1.00 1.00 X 0 0 0 ELEANOR C SMITH DIRECTOR 1.00 0.00 X 0 0 0 HOWARD L GREGG DIRECTOR 1.00 0.00 X 0 0 0 BRUCE D HOPPER DIRECTOR 1.00 1.00 X 0 0 0 DOUGLAS W NAKAJIMA VICE CHAIR 1.00 0.00 X X 0 0 0 ANN MARIE BROOKS DIRECTOR 1.00 0.00 X 0 0 0 ANNE ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 JAMES H PYE DIRECTOR 1.00 0.00 X 0 0 0 RENEE H MARTIN DIRECTOR 1.00 0.00 X 0 0 0 MARY KATHRYN S BURKE PRESIDENT AND CEO 40.00 0.00 X 278842 0 11045 JENNIFER K SCHILPP VP OF FINANCE 40.00 0.00 X 192889 0 7420 ANNA MAY GRZECZKOWSKI VP HEALTHCARE 40.00 0.00 X 144331 0 5444 MICHAEL A SCHEUREN VP ADMINISTRATION 40.00 0.00 X 131230 0 5179 ROBERT J HIGGINS VP PORPERTY & FAC 40.00 0.00 X 134530 0 5385 DOROTHY L MALLON VP MARKETING 40.00 0.00 X 125603 0 5046 TINA BOUKALIS SENIOR DIRECTOR RESIDENT S 40.00 0.00 X 110297 0 3336 1117722 0 42855 7 0 1 0 HERMAN GOLDNER COMPANY INC 7777 BREWSTER AVENUE PHILADELPHIA PA 19153 HVAC CONTRACTOR 962161 GENESIS REHABILITATION SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 REHABILITATION SERVICES 810493 MORRISON MANAGEMENT SPECIALISTS INC 535 GRADYVILLE ROAD NEWTOWN SQUARE PA 19073 DINING/HSKPG MGT 720126 E ALLEN REEVES INC 1145 YORK ROAD ABINGTON PA 19001 CONSTRUCTION 687698 JOHN MCALLISTER 129 BEECHWOOD ROAD NEWTOWN SQUARE PA 19073 CONSTRUCTION 601546 9 166512 166512 RESIDENT CARE FEES 623000 14405943 14405943 MEDICAL CARE FEES 623000 8934172 8934172 AMORT OF DEFERRED ENTRY FEE 623000 4486510 4486510 RENTAL INCOME 623000 48435 48435 27875060 266684 266684 2156125 2122349 33776 33776 33776 VIEW/OPTION CHARGE 812900 134000 134000 RESIDENT SERVICES 812900 113452 113452 CAFE REV. 722210 66559 66559 307469 27608 279861 621480 28963512 28036668 0 760332 490196 490196 8885750 6541783 2343967 137960 103470 34490 1313691 985268 328423 675317 506488 168829 750125 562594 187531 31679 23759 7920 60000 45000 15000 120363 90272 30091 190735 143051 47684 3238967 2353154 885813 15245 11434 3811 3576265 2682199 894066 7345 5509 1836 2056832 1542624 514208 4697515 3523136 1174379 272779 204584 68195 THERAPY 880599 660449 220150 MISC EXPENSES 240483 138735 101748 LICENSES AND FEES 163579 122684 40895 27805425 20736389 7069036 0 2321585 4227616 674010 961802 88202 80935 784966 703136 134176404 55749368 78940655 78427036 10585253 12100199 969245 971237 94363916 97471961 1749242 2162671 51465744 52302846 44903539 43618042 183916 574553 13261190 9499084 111563631 108157196 X -17199715 -10685235 -17199715 -10685235 94363916 97471961 X 1158087 1297230 4059163 X X 0 1 X 1 0 X 214487 223386 57385 166512 661770 23161485 23928739 24843476 27173817 27875060 126982577 23161485 24143226 25066862 27231202 28041572 127644347 162600 214487 219601 57385 166512 820585 0 162600 214487 219601 57385 166512 820585 126823762 345154 1049871 310433 203268 266684 2175410 345154 1049871 310433 203268 266684 2175410 544894 371291 501836 836650 621480 2876151 24051533 25564388 25879131 28271120 28929736 132695908 0.95570 0.95180 0.01640 0.01990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 6656012 6656012 80445551 34413171 46032380 37039561 12942806 24096755 9196283 7646935 1549348 838997 746456 92541 78427036 INTEREST RATE SWAP 5909852 REFUNDABLE HEALTHCARE DEPOSITS 3589232 9499084 X 34319905 1297230 4059163 5356393 28963512 0 28963512 27805425 0 27805425 0 27805425 PART IV, LINE 2B: THE AMOUNT OF 574,553 IS THE REFUNDABLE DEPOSITS THE ORGANIZATION IS HOLDING FOR PROSPECTIVE RESIDENTS. PART X, LINE 2: THE VILLAGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE VILLAGE 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 VILLAGE'S FINANCIAL STATEMENTS. THE VILLAGE'S TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2010 TO 2012 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST RATE SWAPS 4,059,163. X X X X 0 0 0 0 0 0 0 0 0 MARY KATHRYN S BURKE PRESIDENT AND CEO 255864 0 19087 0 3891 0 11045 0 0 0 289887 0 0 0 JENNIFER K SCHILPP VP OF FINANCE 168017 0 16316 0 8556 0 7420 0 0 0 200309 0 0 0 A DELAWARE CNTY AUTHORITY 231973437 245913HH4 2006-05-17 4865000 REFUND OF '96/'00 BONDS; FUNDING CAPITAL PROJECT 0 0 0 B DELAWARE CNTY AUTHORITY 231973437 245913HJ0 2006-05-17 35795000 REFUND OF '96/'00 BONDS; FUNDING CAPITAL PROJECT 0 0 0 C DELAWARE CNTY AUTHORITY 231973437 245913JD1 2008-05-09 11000000 FUND EXPANSION, RENOVATION 0 0 0 A 4865000 4816113 40554 4190 4143 2006 0 1 1 1 B 7945000 35795000 28575261 295819 30826 6893094 2006 1 0 1 1 C 11000000 1923291 188620 48669 10762711 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 1 0 0 1 1 MORGAN STANLEY 0 0 0 0 1 B 0 1 0 0 1 1 MORGAN STANLEY 0 0 0 0 1 C 0 1 0 0 1 1 WELLS FARGO 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE AMENDED DURING FISCAL YEAR 2013. THE AMENDMENT WAS AS FOLLOWS: ANY VACANCIES ON THE BOARD OF DIRECTORS SHALL BE FILLED BY A VOTE OF THE BOARD OF DIRECTORS. EACH DIRECTOR SO ELECTED TO FILL A VACANCY SHALL HOLD OFFICE FOR THE REMAINDER OF THE PREDECESSOR'S UNEXPIRED TERM. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NO DIRECTOR, OFFICER, KEY EMPLOYEE OR COMMITTEE MEMBER AND THEIR IMMEDIATE FAMILY SHALL CONDUCT BUSINESS WITH, OR HAVE A FINANCIAL INTEREST OF GREATER THAN FIVE PERCENT (5%) IN ANY PUBLICLY-TRADED ENTITY OR ANY INTEREST IN ANY OTHER NON-PUBLICLY TRADED ENTITY (WHICH DIRECTLY OR INDIRECTLY THROUGH SUBSIDIARIES OR AFFILIATES) CONDUCTS BUSINESS WITH THE CORPORATION OR ANY OF ITS AFFILIATED CORPORATIONS. EACH DIRECTOR, OFFICER, KEY EMPLOYEE, OR COMMITTEE MEMBER OF THE CORPORATION SHALL EXECUTE AN ANNUAL CONFLICT OF INTEREST STATEMENT WHICH CONTAINS A CERTIFICATION THAT SUCH INDIVIDUAL IS IN CURRENT COMPLIANCE WITH THIS CONFLICT OF INTEREST POLICY. THE STATEMENT WILL BE SIGNED BY THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES. IF A CONFLICT OF INTEREST DOES ARISE, THE DIRECTOR, OFFICER OR KEY EMPLOYEE WILL REFRAIN FROM PARTICIPATING IN DISCUSSIONS OR VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, COMPENSATION STUDIES/SURVEYS ARE COMPLETED. USING THESE SURVEYS, FORM 990S OF OTHER SIMILAR ORGANIZATIONS AND INDEPENDENT CONSULTANTS, THE BOARD EXECUTIVE COMMITTEE REVIEWS AND ESTABLISHES COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR. THE REVIEWS AND COMPENSATION POLICIES FOR THE VP OF FINANCE ARE CONDUCTED BY THE CEO/EXECUTIVE DIRECTOR WHO REVIEWS THEM WITH THE EXECUTIVE COMMITTEE OF THE BOARD. THE LAST COMPENSATION REVIEW WAS COMPLETED SEPTEMBER 2012. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS 4,059,163. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WHITE HORSE VILLAGE ENDOWMENT INC 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 232738045 BENE. FUND PA 501(C)(3) LINE 11A, I WHITE HORSE VILLAGE INC 23-2499121 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 WHITE HORSE VILLIAGE ENDOWMENT FUND S 166512 FAIR MARKET VALUE OF ASSETS