2013-10-08T07:15:09-05:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 610 WEST GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2012-01-01 232499121 WHITE HORSE VILLAGE INC WHIT 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 JENNIFER SCHILPP 6105585000 2013-10-04 1 BERNADETTE O'TOOLE CPA P00229258 2156433900 2012 2016-02-24 21:20:13Z JENNIFER SCHILPP 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 30141512 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 14 425 14 0 0 223386 57385 24843476 27173817 294609 262941 501836 836650 25863307 28330793 0 0 0 0 10534087 10739849 0 0 0 15209812 16056649 25743899 26796498 119408 1534295 95469346 94363916 112192776 111563631 -16723430 -17199715 WE PROVIDE A FULL RANGE OF RETIREMENT LIFESTYLES ROOTED IN EXCELLENCE IN A VIBRANT COMMUNITY OF PEOPLE WHO CARE. 0 0 20097394 27284815 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. 20097394 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 0 425 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JENNIFER K SCHILPP VP OF FINANCE 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 ALFRED F MEYER 1.00 X 0 0 0 JOHN C SNYDER ESQ 1.00 1.00 X X 0 0 0 MICHAEL J HAMMOND 1.00 X X 0 0 0 AMY T CARPENTER 1.00 X 0 0 0 JOAN C FRANK 1.00 1.00 X 0 0 0 CHRISTINE LANDENBERGER 1.00 X 0 0 0 HOWARD L GREGG 1.00 X 0 0 0 BRUCE D HOPPER 1.00 1.00 X 0 0 0 THOMAS F KAIDEN 1.00 X X 0 0 0 AMY J LAMBERT 1.00 1.00 X 0 0 0 PETER P MILLER 1.00 X 0 0 0 DOUGLAS W NAKAJIMA 1.00 X 0 0 0 JAMES H PYE 1.00 X 0 0 0 RENEE H MARTIN 1.00 X 0 0 0 MARY KATHRYN S BURKE 40.00 X 292887 0 8311 JENNIFER K SCHILPP 40.00 X 191815 0 5516 ANNA MAY GRZECZKOWSKI 40.00 X 152549 0 4450 MICHAEL A SCHEUREN 40.00 X 127493 0 3936 ROBERT J HIGGINS 40.00 X 133088 0 3820 DOROTHY L MALLON 40.00 X 122958 0 3753 TINA BOUKALIS 40.00 X 104585 0 3008 1125375 0 32794 7 0 1 0 HERMAN GOLDNER COMPANY INC 7777 BREWSTER AVENUE PHILADELPHIA PA 19153 HVAC CONTRACTOR 1116160 SUNDANCE REHABILITATION COMPANY INC 6549 PAYSPHERE CIRCLE CHICAGO IL 60674 REHABILITATION SERVICES 892282 MORRISON MANAGEMENT SPECIALISTS INC 535 GRADYVILLE ROAD NEWTOWN SQUARE PA 19073 DINING/HSKPG MGT 774079 SYSCO PHILADELPHIA LLC PO BOX 6499 PHILADELPHIA PA 19145 FOOD SERVICES 740373 ELWYN PHARMACY AND MEDICAL EQUIPMENT 194 SOUTH NEW MIDDLETOWN ROAD MEDIA PA 19063 MEDICAL SUPPLIES 550738 23 57385 57385 RESIDENT CARE FEES 623000 14558453 14558453 MEDICAL CARE FEES 623000 7915235 7915235 AMORT OF DEFERRED ENTRY FEE 623000 4652081 4652081 RENTAL INCOME 623000 48048 48048 27173817 203268 203268 1870392 1810719 59673 59673 59673 LEGAL 812900 326098 326098 MISC 812900 170007 170007 RESIDENT SERVICES 812900 124455 124455 216090 110998 105092 836650 28330793 27284815 0 988593 484702 484702 8219454 6043436 2176018 110810 83108 27702 1287824 965868 321956 637059 477794 159265 753292 564969 188323 39213 29410 9803 65500 49125 16375 93625 70219 23406 219883 164912 54971 3141754 2356315 785439 850 638 212 3610459 2707844 902615 12127 9095 3032 2132029 1599022 533007 4612992 3459744 1153248 271305 203479 67826 THERAPY 899054 674290 224764 LICENSES AND FEES 127331 95498 31833 MISC EXPENSES 77235 57926 19309 26796498 20097394 6699104 0 2056776 2321585 840535 674010 73238 88202 736751 784966 130025018 51084363 80755390 78940655 9563904 10585253 1442752 969245 95469346 94363916 2110099 1749242 49907859 51465744 46134035 44903539 202007 183916 13838776 13261190 112192776 111563631 X -16723430 -17199715 -16723430 -17199715 95469346 94363916 X 1534295 601764 -2612344 X X 0 1 X 1 0 X 214487 223386 57385 495258 22233941 23161485 23928739 24843476 27173817 121341458 22233941 23161485 24143226 25066862 27231202 121836716 141060 162600 214487 219601 57385 795133 5000 5000 146060 162600 214487 219601 57385 800133 121036583 625334 345154 1049871 310433 203268 2534060 625334 345154 1049871 310433 203268 2534060 544919 544894 371291 501836 836650 2799590 23404194 24051533 25564388 25879131 28271120 127170366 0.95180 0.94360 0.01990 0.02760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 6656012 6656012 80445551 32486798 47958753 33295094 10837655 22457439 8830520 7059651 1770869 797841 700259 97582 78940655 INTEREST RATE SWAP 9969015 REFUNDABLE HEALTHCARE DEPOSITS 3292175 13261190 X 28932557 601764 601764 28330793 0 28330793 26796498 0 26796498 0 26796498 PART IV, LINE 2B: THE AMOUNT OF 183,916 IS THE REFUNDABLE DEPOSITS THE ORGANIZATION IS HOLDING FOR PROSPECTIVE RESIDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2009 TO 2011 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. X X X X 0 0 0 0 0 0 0 0 0 MARY KATHRYN S BURKE 248672 0 26265 0 17950 0 8311 0 0 0 301198 0 0 0 JENNIFER K SCHILPP 171310 0 11906 0 8599 0 5516 0 0 0 197331 0 0 0 ANNA MAY GRZECZKOWSKI 130584 0 9191 0 12774 0 4450 0 0 0 156999 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 11205 4865000 4810037 40554 4190 2006 0 1 1 1 B 6722470 35795000 28409313 295819 30826 6893094 2006 1 0 1 1 C 22786 11000000 1923291 188620 48669 10762711 2010 0 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 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 1 MORGAN STANLEY 0 0 0 0 0 B 0 1 0 0 1 1 MORGAN STANLEY 0 0 0 0 0 C 0 1 0 0 1 1 WELLS FARGO 0 0 0 0 0 A 1 B 1 C 1 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS -466,452. PRIOR YEAR ADJUSTMENT DUE TO ACCOUNTING STANDARD UPDATE ASU 2012-01 -2,145,892. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. WHITE HORSE VILLAGE ENDOWMENT INC 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 232738045 BENE. FUND PA 501(C)(3) 509(A)(3) 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 57385 FAIR MARKET VALUE OF ASSETS