2014-11-06T07:21:42-06:00 2013-12-31 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2013-01-01 510553716 UPSTATE SENIOR LIVING INC DBA THE WOODLANDS AT FURMAN UPST 8643713100 1500 TRAILHEAD COURT GREENVILLE SC 29617 BEN NORWOOD III PRESIDENT 8643713100 2014-11-06 1 JEREMY NAESS P01306905 8282542254 2013 2015-11-30 17:44:51Z THE WOODLANDS AT FURMAN BEN NORWOOD III 1500 TRAILHEAD COURT GREENVILLE SC 29617 8963967 0 X WWW.THEWOODLANDSATFURMAN.ORG X 2003 SC TO BE THE RETIREMENT COMMUNITY OF CHOICE BY NURTURING A CULTURE OF ENRICHMENT FOR OUR RESIDENTS. 11 11 217 80 0 0 0 0 8777691 8945518 29265 18391 0 0 8806956 8963909 0 0 0 0 3855829 4191168 0 0 0 10281318 10310152 14137147 14501320 -5330191 -5537411 73785326 73112518 104623266 110358981 -30837940 -37246463 X THE MISSION OF UPSTATE SENIOR LIVING, INC. IS TO BE THE RETIREMENT COMMUNITY OF CHOICE BY NURTURING A DISTINCTIVE CULTURE OF ENRICHMENT WHILE PROVIDING SECURITY AND A CONTINUUM OF CARE FOR ITS RESIDENTS. 0 0 13280190 8945518 THE WOODLANDS AT FURMAN WAS CREATED WITH A PHILOSOPHY OF REJUVENATION AND RE-INSPIRATION, AND OUR UNIQUE AFFILIATION WITH FURMAN UNIVERSITY GOES A LONG WAY TOWARD MAKING THAT HAPPEN. IT IS AN AFFILIATION THAT WILL KEEP RESIDENTS HEALTHY, ACTIVE, CONNECTED, AND INVOLVED.WE BELIEVE THAT THE HEALTHIEST AND HAPPIEST RETIREMENT IS ONE THAT IS ACTIVE AND STIMULATING. WE DO EVERYTHING POSSIBLE TO MAKE RETIREMENT ONE OF THE MOST REWARDING AND ENRICHING PARTS OF LIFE BY OFFERING MORE THAN JUST BEAUTIFUL HOUSING. WE OFFER A LIFESTYLE THAT ENCOURAGES PHYSICAL, MENTAL, SOCIAL GROWTH.SEE SCHEDULE O FOR CONTINUATION OF ACCOMPLISHMENTS:EVERY ASPECT OF OUR COMMUNITY IS DESIGNED TO PROVIDE FINE SENIOR LIVING. OUR HOUSING OPTIONS INCLUDE AN EXTENSIVE SELECTION OF FLOOR PLANS TO OFFER MAXIMUM COMFORT, CONVENIENCE, AND STYLE. OUR UNIQUE LOCATION, ADJACENT TO FURMAN UNIVERSITY, FURTHER ENHANCES THE DISTINCTIVE LIFESTYLE AT THE WOODLANDS.FOR THOSE WHO CAN NO LONGER LIVE INDEPENDENTLY, THE ARBORETUM PROVIDES CARE IN A COMFORTABLE, NURTURING ENVIRONMENT BASED ON COMPASSION, UNDERSTANDING, AND PROFESSIONALISM. HERE, QUALITY OF LIFE AND QUALITY OF CARE TAKE PRECEDENCE. WHETHER IT'S ASSISTED LIVING, MEMORY SUPPORT, OR SKILLED NURSING, HERE YOU WILL FIND QUALITY CARE IN A SECURE YET INVITING ENVIRONMENT. THE ARBORETUM PROVIDES SPACIOUS RESIDENCES, VALUABLE AMENITIES, HEALTH SERVICES, AND CUSTOMIZED CARE THAT TRANSITIONS TO ADDRESS THE EVOLVING NEEDS AND PREFERENCES OF ITS RESIDENTS. 13280190 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41 0 1 217 1 0 0 0 0 0 0 0 0 0 0 X 11 11 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X KEVIN PARKER EXECUTIVE DIRECTOR 8643713100 1500 TRAILHEAD COURT GREENVILLE SC 29617 BEN NORWOOD PRESIDENT 6.00 X X 0 0 0 SAM SMITH VICE PRESIDENT 4.00 X X 0 0 0 WALTER GOLDSMITH SECRETARY/TREASURER 4.00 X X 0 0 0 LARRY D ESTRIDGE BOARD MEMBER 2.00 X 0 0 0 W BEN DEIBLER BOARD MEMBER 2.00 X 0 0 0 ELAINE GUYTON BOARD MEMBER 2.00 X 0 0 0 JOHN R SANDERS BOARD MEMBER 2.00 X 0 0 0 SARAH FLETCHER BOARD MEMBER 2.00 X 0 0 0 BRUCE BROWN BOARD MEMBER 2.00 X 0 0 0 CLARE MORRIS BOARD MEMBER 2.00 X 0 0 0 DR EDWARD HILGER BOARD MEMBER 2.00 X 0 0 0 DOUGLAS WATSON BOARD MEMBER 2.00 X 0 0 0 KEVIN PARKER EXECUTIVE DIRECTOR 50.00 X 61333 0 10840 TROY CANNADAY EXECUTIVE DIRECTOR 50.00 X 17863 0 3536 PETE DABBENIGNO INTERIM EXECUTIVE DIRECTOR 50.00 X 53152 0 1595 132348 0 15971 0 0 0 0 GREYSTONE MANAGEMENT 225 E JOHN CARPENTER FWY IRVING TX 75062 MANAGEMENT SERVICES 495743 HERITAGE HEALTHCARE 536 OLD HOWELL RD GREENVILLE SC 29615 THERAPY SERVICES 386119 GLYNNDEVINS ADVERTISING 11230 COLLEGE BLVD OVERLAND PARK KS 66210 MARKETING SERVICES 369683 3 RESIDENT SERVICE REVEN 623000 6760770 6760770 SKILLED NURSING AND TH 623000 1332989 1332989 AMORTIZATION OF ADVANC 623000 592201 592201 OTHER SERVICE REVENUE 623000 202821 202821 FOODSERVICE REVENUE 623000 56737 56737 8945518 18449 18449 58 -58 -58 -58 8963909 8945518 0 18391 148319 22248 126071 3431456 3159355 272101 316760 316760 294633 294633 368316 368316 38383 38383 58000 58000 29675 29675 537663 537663 351226 351226 1331469 1074322 257147 71062 43677 27385 1679979 1679979 49439 11963 37476 18966 18966 2931848 2931848 2534986 2534986 259270 252694 6576 BAD DEBT 49870 49870 14501320 13280190 1221130 0 911501 1330049 8995912 10679106 2442253 1976996 9128 8840 5789515 5280002 63318533 9500459 55636913 53818074 104 19451 73785326 73112518 410738 581354 19865942 26110301 77341435 74975077 7005151 8692249 104623266 110358981 X -30837940 -37246463 -30837940 -37246463 73785326 73112518 -5537411 1285 -872397 0 X 0 1 X 1 0 X 1117487 5276099 7911419 8777691 8945518 32028214 1117487 5276099 7911419 8777691 8945518 32028214 0 0 0 32028214 530337 304006 211227 -965746 18391 98215 530337 304006 211227 -965746 18391 98215 1647824 5580105 8122646 7811945 8963909 32126429 0.99690 0.99660 0.00310 0.00340 X 55748153 8364690 47383463 5292616 794127 4498489 2276941 341642 1935299 823 823 53818074 ENTRANCE FEE DEPOSITS 864707 GROUND LEASE PAYABLE 6701780 ACCRUED INTEREST PAYABLE 1125762 8692249 X 8952584 -11325 -11325 8963909 0 8963909 14488710 -12610 -12610 14501320 0 14501320 PART X, LINE 2: THE ORGANIZATION IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND UNDER SIMILAR STATE STATUTES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2013. FISCAL YEARS ENDING ON OR AFTER DECEMBER 31, 2010 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. A SOUTH CAROLINA JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 837036DA7 2007-10-17 76911708 CONSTRUCTION AND DEVELOPMENT 0 0 0 B SOUTH CAROLINA JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 837036DS8 2012-03-06 42575183 CURRENT REFUNDING 0 0 0 A 81053047 505760 2867592 889937 1478983 67963058 2009 0 0 1 1 B 42596659 3343362 42575183 2009 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 1 1 SOVEREIGN BANK 3.300000000000 0 0 1 BAYERISCHE LANDESBANK/SAN 3.000000000000 1 1 0 B 0 1 1 0 0 0 0 0 0 A 0 B 0 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE: BOND B: PROCEEDS OF THIS ISSUE WERE USED TO CURRENTLY REFUND A PRIOR ISSUE DATED OCTOBER 17, 2007, ON A DATE NO LATER THAN MARCH 2, 2012. SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS THE AMOUNT ON LINE 3 INCLUDES AGGREGATE INVESTMENT EARNINGS TO DATE. SCHEDULE K, PART II, LINE 11: OTHER SPENT PROCEEDS THE AMOUNT ON LINE 11 AS OTHER SPENT PROCEEDS WAS USED TO CURRENTLY REFUND PRIOR ISSUES DESCRIBED ABOVE. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS LARRY ESTRIDGE AND ELAINE GUYTON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 DAY TO DAY MANAGEMENT FUNCTIONS ARE PROVIDED THROUGH GREYSTONE COMMUNITIES INCLUDING FINANCIAL OVERSIGHT, MARKETING, AND OPERATIONS. THE ORGANIZATION IS UTILIZING PART VII OF THE CORE FORM TO REPORT THE COMPENSATION RECEIVED BY THE CONTRACTOR EXECUTIVE DIRECTORS PAID BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WAS INITIALLY REVIEWED BY THE FINANCE COMMITTE. AFTER APPROVAL, THE 990 WAS PROVIDED TO THE FULL BOARD FOR REVIEW, COMMENT, AND APPROVAL PRIOR TO SUBMITTING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS IS REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. INDIVIDUALS REALIZE THEIR FIDUCIARY DUTY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST SO THAT THE BOARD CAN DETERMINE THE APPROPRIATE COURSE OF ACTION SHOULD A CONFLICT ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION UTILIZES COMPARABILITY DATA WHEN DETERMINING CHANGES IN COMPENSATION FOR TOP MANAGEMENT OFFICIALS. THESE SALARIES ARE APPROVED BY THE BOARD WITH ASSISTANCE FROM GREYSTONE AS PART OF THE APPROVAL OF THE ANNUAL BUDGET FOR THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. 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.