2014-03-28T15:24:47-05:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 610 WGERMANTOWN PIKE STE400 PLYMOUTH MEETING PA 19462 990 2012-07-01 232053395 PAUL'S RUN PAUL 2159343000 9896 BUSTLETON AVENUE PHILADELPHIA PA 19115 JOHN M BARNUM CFO 2159343000 2014-03-17 1 JAMES D WATSON P01450300 2156433900 2012 2015-11-30 17:44:51Z JOHN M BARNUM 9896 BUSTLETON AVENUE PHILADELPHIA PA 19115 27223752 0 9386 X WWW.PAULSRUN.ORG X 1977 PA TO PROVIDE HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS IN A CONTINUING CARE RETIREMENT COMMUNITY. 8 8 469 306 0 0 6712 4453 25714593 25621639 478000 690119 190590 182061 26389895 26498272 0 0 0 0 11902081 12341311 0 0 230000 12272449 11961313 24174530 24302624 2215365 2195648 40926421 44843167 36238859 33511966 4687562 11331201 X PAUL'S RUN IS A NONPROFIT 501(C)(3) ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING PERSONAL CARE, NURSING, AND OTHER RELATED SERVICES TO SENIORS IN A FACILITY THAT INCLUDES 256 INDEPENDENT LIVING UNITS, 62 PERSONAL CARE UNITS, AND 120 SKILLED BEDS. PAUL'S RUN'S FACILITY IS LOCATED IN PHILADELPHIA, PENNSYLVANIA AND ITS PRIMARY SERVICE AREA INCLUDES PHILADELPHIA, PENNSYLVANIA AND SURROUNDING COMMUNITIES. LIBERTY LUTHERAN SERVICES IS A PENNSYLVANIA NONPROFIT ORGANIZATION AND THE SOLE MEMBER OF PAUL'S RUN. 0 0 19920849 25621639 EXPENSES INCURRED OPERATING A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF 256 INDEPENDENT LIVING UNITS, 62 ASSISTED LIVING UNITS, AND 120 SKILLED NURSING BEDS. 19920849 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 0 0 0 1 30 0 469 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 1 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 PA X JOHN M BARNUM CFO 2674647700 7002 BUTLER PIKE AMBLER PA 19002 TED BRUNER 0.50 0.50 X X 0 0 0 JOHN HECK 0.50 0.50 X 0 0 0 DAVID HERBSTER 0.50 0.50 X 0 0 0 CARL W HOLMES SR 0.50 0.50 X X 0 0 0 REV FRED HOPKE 0.50 0.50 X X 0 0 0 NEVIN MANN 0.50 0.50 X X 0 0 0 FRANK ROTH 0.50 0.50 X 0 0 0 GWENDOLYN WEBSTER 0.50 0.50 X 0 0 0 LUANNE B FISHER 0.50 37.50 X 0 364127 47230 JOHN M BARNUM 0.50 37.50 X 0 229953 39781 JOAN MYERS 0.50 37.50 X 0 170181 35275 KATRINA KANE WISE 0.50 37.50 X 0 160407 10169 KAREN CONNELLY 37.50 X 100721 0 10546 100721 924668 143001 1 0 1 0 SODEXO PO BOX 360170 PITTSBURGH PA 15251 DINING 1598662 GENESIS ELDERCARE SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 THERAPY 861881 2 4453 4453 MEDICAL CARE FACILITY SERVICES 623000 13374245 13374245 RESIDENTIAL FACILITY SERVICES 623000 8256883 8256883 PERSONAL CARE FACILITY SERVICES 623000 3968802 3968802 AMORTIZATION OF DEFERRED ENTRANCE 623000 21709 21709 25621639 356163 356163 127884 0 127884 127884 127884 1059436 725480 333956 333956 333956 MEDICAL OFFICE STAFFING 623000 27024 27024 MEALS AND ROOM RENTAL 623000 8811 8811 VENDING MACHINE INCOME 623000 962 962 17380 17380 54177 26498272 25621639 0 872180 9697971 9235337 462634 331099 315512 15587 1603546 1400453 203093 708695 679963 28732 2642691 2412691 230000 23684 23684 28812 28812 2171298 1994909 176389 150215 150215 974151 699517 274634 998207 975816 22391 505 505 10300 3770 6530 1122577 1117547 5030 1292366 1292366 398622 57054 341568 FOOD 918060 918060 MEDICAL SUPPLIES 802145 802145 NURSING HOME ASSESSMENT 277680 277680 BAD DEBT 150000 150000 24302624 19920849 4151775 230000 188812 206756 1431947 1536857 28433 31949 99863 42586 35331932 24301906 10538823 11030026 13106271 14549378 15532272 17445615 40926421 44843167 2264434 2888769 277246 69537 26126750 25571000 787066 750073 6783363 4232587 36238859 33511966 X 4683220 11326760 4342 4441 4687562 11331201 40926421 44843167 X 2195648 1036432 3411559 X X 0 1 X 1 0 X 5263 7310 5803 6712 4453 29541 23723120 25186834 25733340 25714495 25621639 125979428 23728383 25194144 25739143 25721207 25626092 126008969 0 0 0 126008969 473883 380313 399015 445532 484047 2182790 473883 380313 399015 445532 484047 2182790 441405 18723 40471 54502 54177 609278 24643671 25593180 26178629 26221241 26164316 128801037 0.97830 0.97810 0.01690 0.01720 X 0 1 X 1236383 1236383 26802515 18934036 7868479 7124246 5263768 1860478 168788 104102 64686 11030026 DEFERRED FINANCING COSTS 332845 INTEREST IN NET ASSETS OF AFFILIATES 7496080 DUE FROM AFFILIATES 9542107 ASSETS LIMITED TO USE 74583 17445615 OBLIGATION UNDER SWAP AGREEMENTS 4229025 DUE FROM AFFILIATES 3562 4232587 X 30946263 1036432 3411559 4447991 26498272 0 26498272 24302624 0 24302624 0 24302624 PART IV, LINE 2B: THE SECURITY DEPOSITS ARE FOR RESIDENTS IN PERSONAL CARE AND INDEPENDENT LIVING UNITS. THE DEPOSITS ARE EQUIVALENT TO ONE MONTH'S WORTH OF RENT UPON ADMISSION AND ARE REFUNDABLE UPON PERMANENT TRANSFER TO A SNF, LEAVING THE COMMUNITY, OR DUE TO DEATH. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: PAUL'S RUN IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PAUL'S RUN FOLLOWS THE PROVISIONS OF THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON PAUL'S RUN'S FINANCIAL STATEMENTS. PAUL'S RUN IS ALSO EXEMPT FROM SALES TAX. PAUL'S RUN IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS OR ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE TAX RETURNS FOR THE FISCAL YEARS 2010 TO 2012 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENTS 2,553,582. CHANGE IN INTEREST IN NET ASSETS OF FOUNDATION 857,977. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN TEMPORARILY RESTRICTED INTEREST IN NET ASSETS OF FOUNDATION X X 0 0 0 0 0 0 0 1 0 LUANNE B FISHER 0 344127 0 20000 0 0 0 37500 0 9730 0 411357 0 0 JOHN M BARNUM 0 209953 0 20000 0 0 0 34414 0 5367 0 269734 0 0 JOAN MYERS 0 162681 0 7500 0 0 0 26315 0 8960 0 205456 0 0 KATRINA KANE WISE 0 160407 0 0 0 0 0 8755 0 1414 0 170576 0 0 PART I, LINE 7 BONUSES WERE PAID TO THE DIRECTOR OF MARKETING BASED ON THE NUMBER OF RESIDENTS WHO MOVED IN AND BY REACHING OCCUPANCY TARGETS FOR EACH LEVEL OF CARE. BONUSES RECEIVED WERE $29,500. SUPPLEMENTAL INFORMATION PART III COMPENSATION POLICY OF RELATED ORGANIZATION: ALL TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES ARE THE EMPLOYEES OF ITS PARENT ORGANIZATION. THE FOLLOWING POLICIES ARE APPLIED TO THE PARENT AND ITS AFFILIATES: THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL REVIEW AND COMPENSATION OF THE CEO. THE CFO AND EXECUTIVE DIRECTORS ARE REVIEWED ANNUALLY BY THE CEO, WITH COMPARABLE SALARY SURVEYS. THE LAST COMPARABLE SALARY SURVEY WAS DONE IN 2011. THE CEO REPORTS THE ANNUAL EXECUTIVE REVIEWS TO THE EXECUTIVE COMMITTEE. A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178182T4 2008-06-03 28135250 REFINANCE EXISTING BONDS, PAY FOR RENOVATIONS, COST OF BONDS 0 0 0 A 2564250 28135250 23064839 394759 75102 4600550 2008 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 MORGAN STANLEY CAPITAL SERVICES 23.000000000000 0 0 0 0 1 A 1 SCHEDULE K, PART IV, LINE 3C THERE ARE TWO SWAP AGREEMENTS. THE FIRST SWAP AGREEMENT HAS A TRADE DATE OF 12/15/2004, AND EFFECTIVE DATE OF 5/16/2006 AND A TERMINATION DATE OF 5/1/2034. THIS SUPPORTED A PRIOR 2004 BOND ISSUE. WHEN THE 2004 BONDS WERE REFINANCED IN 2008, THE SWAP AGREEMENT WAS AMENDED TO SUPPORT THE 2008 BOND ISSUE. THE SECOND SWAP HAS A TRADE DATE OF 5/15/2008, AND AN EFFECTIVE DATE OF 6/3/2008, AND A TERMINATION DATE OF 5/1/2038. FORM 990, PART VI, SECTION A, LINE 3 PAUL'S RUN DESIGNATES ITS ADMINISTRATIVE/MANAGEMENT AND FUNDRAISING FUNCTIONS TO ITS PARENT AND AFFILIATED ORGANIZATIONS (BOTH ARE NOT-FOR-PROFIT CORPORATIONS) UNDER THE AFFILIATE AGREEMENT DATED JANUARY 1, 2001. IN ANNOUNCEMENT 2001-33, THE TOTAL FEES INCURRED FOR THESE SERVICES DURING THE REPORTING YEAR WERE AS FOLLOWS: $1,369,927 TO ITS PARENT ORGANIZATION AND REPORTED ON FORM 990, PAGE 10, PART IX, LINE 11A, COLUMN C AND $230,000 TO ITS AFFILIATED ORGANIZATION AND REPORTED ON FORM 990, PAGE 10, PART IX, LINE 11A, COLUMN D. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE MEMBER. THE SOLE MEMBER SHALL BE LIBERTY LUTHERAN SERVICES. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECTED TO THE APPROVAL OF THE MEMBER ARE REQUIRED FOR ANY OF THE FOLLOWING ACTIONS: ANY MERGER, DISSOLUTION, OR LIQUIDATION OF THE CORPORATION; ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; THE SALE, PLEDGE, LEASE OR OTHER TRANSFER OF ASSETS OF THE CORPORATION; APPROVAL OF THE CORPORATION'S ANNUAL CAPITAL AND OPERATING BUDGETS; ISSUANCE OF DEBT GREATER THAN FIFTY THOUSAND ($50,000) BY THE CORPORATION; THE EXECUTION OF ANY CONTRACT; AND ANY MATERIAL CHANGE TO THE BUSINESS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 NO REVIEW WILL BE CONDUCTED BY THE GOVERNING BOARD IN ADVANCE OF FILING THE FORM 990. ALL FORM 990'S ARE MADE AVAILABLE TO THE BOARD AFTER FILING. HOWEVER, THE FINAL FORM 990 IS REVIEWED IN DETAIL FOR ACCURACY AND SIGNED BY THE CHIEF FINANCIAL OFFICER OF LIBERTY LUTHERAN SERVICES (PARENT ORGANIZATION). FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD AND SENIOR LEVEL STAFF. THEY ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE. THE CORPORATE COMPLIANCE OFFICER REVIEWS ALL POTENTIAL STAFF CONFLICTS. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS ALL BOARD CONFLICTS. WHEN A CONFLICT OF INTEREST ARISES, THE BOARD SHALL PERMIT THE INTERESTED PERSON TO MAKE A PRESENTATION AT THE BOARD MEETING AND AFTER THE PRESENTATION, THE INTERESTED PERSON LEAVES AND THE BOARD VOTES ON AN ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. IF APPROPRIATE, A NON-INTERESTED PERSON OR COMMITTEE INVESTIGATES ALTERNATIVES TO THE PROPOSED ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD WILL DETERMINE IF A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD WILL DETERMINE BY MAJORITY VOTE THE ARRANGEMENT IN THE CORPORATION'S BEST INTEREST AND FOR ITS BENEFIT, AND/OR IF IT IS REASONABLE AND FAIR TO THE CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AGREEMENTS 2,553,582. CHANGE IN INTEREST IN NET ASSETS OF FOUNDATION 857,977. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE FILING YEAR. LIBERTY LUTHERAN SERVICES 7002 BUTLER PIKE AMBLER PA 19002 233059658 TO PROVIDE TAX EXEMPT SUBSIDIARIES WITH MANAGEMENT & ADMINISTRATIVE SERVICES PA 501(C)(3) LINE 1 N/A 0 LIBERTY COMMUNITY SERVICES 250 N BETHLEHEM PIKE AMBLER PA 19002 203630505 TO PROVIDE VARIOUS SERVICES TO SENIORS IN THEIR HOMES PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 0 LIBERTY LUTHERAN FOUNDATION 7002 BUTLER PIKE AMBLER PA 19002 232665839 TO IMPLEMENT AND ADMINISTER FUNDRAISING ACTIVITY FOR AFFILIATES PA 501(C)(3) LINE 11A, I LIBERTY LUTHERAN SERVICES 0 LUTHERAN CHILDREN & FAMILY SERVICE OF EASTERN PENNSYLVANIA 5401 RISING SUN AVENUE PHILADELPHIA PA 19120 231696007 TO PROVIDE SERVICE TO ALL AGES THROUGH A VARIETY OF PROGRAMS PA 501(C)(3) LINE 7 LIBERTY LUTHERAN SERVICES 0 MARY J DREXEL HOME 238 BELMONT AVENUE BALA CYNWYD PA 19004 230536370 CCRC WHOSE OPS WERE SUSPENDED DURING PLANNED RENOVATIONS PA 501(C)(3) LINE 9 LIBERTY LUTHERAN SERVICES 0 ARTMAN LUTHERAN HOME 250 N BETHLEHEM PIKE AMBLER PA 19002 231401548 CCRC, PROVIDING NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 9 LIBERTY LUTHERAN SERVICES 0 LUTHERAN CONGREGATIONAL SERVICES 1923 HANOVER AVENUE ALLENTOWN PA 18109 231894019 TO PROVIDE DISASTER RESPONSE AND COMMUNITY OUTREACH PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 0 LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION 260 LIONS HILL ROAD STATE COLLEGE PA 16803 223876595 CCRC, PROVIDING NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 9 LIBERTY LUTHERAN SERVICES 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1