2012-11-09T07:52:18-06:00 2011-12-31 650437100 BOBBITT PITTENGER & COMPANY PA 1605 MAIN STREET SUITE 1010 SARASOTA FL 34236 990 2011-01-01 593472733 THE GLENRIDGE ON PALMER RANCH INC GLEN 9415525300 7333 SCOTLAND WAY SARASOTA FL 34238 VIRGINIA M JUDGE 9415525300 2012-11-09 1 KIMBALL R BOBBITT P00366902 9413664450 2012-11-06 2011 2016-02-24 21:20:13Z CHARLES TIRRELL 7333 SCOTLAND WAY SARASOTA FL 34238 30874280 0 X WWW.THEGLENRIDGE.COM X 1997 FL THE GLENRIDGE SUPPORTS ITS MEMBERS AND CREATES AN ACTIVE, CARING COMMUNITY BY PROVIDING A CONTINUUM OF QUALITY LIFESTYLE PROGRAMS, HEALTH CARE PROGRAMS, AND OUTSTANDING ENRICHMENT OPPORTUNITIES. 8 8 379 0 25268 -26653 35133 111722 28901548 30432900 173988 304390 17989 25268 29128658 30874280 0 0 0 0 9460135 9486052 0 0 0 19239724 22375199 28699859 31861251 428799 -986971 135975034 142339958 208289045 227147575 -72314011 -84807617 THE GLENRIDGE SUPPORTS ITS MEMBERS AND CREATES AN ACTIVE, CARING COMMUNITY BY PROVIDING A CONTINUUM OF QUALITY LIFESTYLE PROGRAMS, HEALTH CARE PROGRAMS, AND OUTSTANDING ENRICHMENT OPPORTUNITIES. 0 0 18816567 30432900 THE GLENRIDGE HAS A PERMANENT CERTIFICATE OF AUTHORITY AND CERTIFICATE OF NEED FROM THE STATE OF FLORIDA TO OPERATE AS A CONTINUING CARE RETIREMENT FACILITY. THE GLENRIDGE CONSTRUCTED A CONTINUING CARE RETIREMENT COMMUNITY CONTAINING APPROXIMATELY THREE HUNDRED NINETY-TWO (392) LIVING AND NURSING UNITS TO PROVIDE HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS IN SARASOTA, FL. 18816567 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 79 0 1 379 1 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X CHARLES TIRRELL CEO 9415525300 7333 SCOTLAND WAY SARASOTA FL 34238 X LEE HINKLE 1.00 X 0 0 0 STEPHEN WAYNE STOTTLEMYER 1.00 X X 0 0 0 MARVIN ELLIOTT GROSS 1.00 X X 0 0 0 DONALD OSCAR FEATHERMAN 1.00 X 0 0 0 CLAUDIA KRIEBEL GEORGE 1.00 X 0 0 0 HERBERT JONES 1.00 X 0 0 0 VIRGINIA MARIE JUDGE 1.00 X X 0 0 0 ROBERT E WINDOM MD 1.00 X X 0 0 0 CHARLES TIRRELL 40.00 X 0 0 0 ANDREW DAVEY 20.00 X 0 0 0 BRIGITTE K MCCORMACK 40.00 X 124686 0 0 124686 0 0 1 0 0 0 PRAXEIS LLC 4250 LAKESIDE DRIVE SUITE 214 JACKSONVILLE FL 32210 MANAGEMENT/SALES 1073116 AEGIS THERAPIES INC PO BOX 8103 FORT SMITH AR 72902 THERAPY SERVICES 477948 RDG SCHUTTE WILSCAM BIRGE 900 FARNAM ST STE 100 OMAHA NE 68102 IT CONSULTING 309620 MASTER PURVEYORS 6003 NORTH 54TH STREET TAMPA FL 33610 FOOD SERVICE 235466 G&W ENTERPRISES OF SARASOTA INC 4448 BAY CEDAR LANE SARASOTA FL 34241 SALON SERVICES 220578 5 111722 111722 RESIDENT SERVICES 623000 16623535 16623535 AMORTIZATION OF ADVANC 623000 7649304 7649304 HEALTHCARE SERVICES 623000 4944658 4944658 OTHER SERVICES 623000 826478 826478 388925 388925 30432900 274135 274135 6000 0 6000 6000 6000 30255 0 30255 30255 30255 THEATRE TICKET SALES 711190 19268 19268 19268 30874280 30432900 25268 304390 7861707 6961136 900571 1015734 898427 117307 608611 504671 103940 15713 15713 39209 39209 355028 38763 316265 41554 11847 29707 65953 15625 50328 1722544 1708516 14028 46343 8019 38324 1569 1349 220 17902 10036 7866 6517306 6517306 5595488 5595488 731238 731238 EXT LOSS DEBT RETIREMEN 2575063 2575063 CONTRACT LABOR & CONSUL 1269316 1269316 RESIDENT SUPPLIES 1257641 1257641 CONTRACT SERVICES 847235 847235 1276097 957814 318283 31861251 18816567 13044684 0 7097778 8652056 2236288 316195 41372 44879 1460608 1062302 142322166 36341824 106333686 105980342 12635351 308409 6169951 25975775 135975034 142339958 3305723 3500401 95288547 89515362 97630000 114829262 326504 148969 11738271 19153581 208289045 227147575 X -72542819 -85129204 228808 321587 -72314011 -84807617 135975034 142339958 X -986971 -11506635 X X 0 1 1 X 0 X 115281 42840 21893 35133 111722 326869 25896523 27603468 26907833 28913537 30452168 139773529 26011804 27646308 26929726 28948670 30563890 140100398 0 0 0 140100398 702692 291432 22057 173988 304390 1494559 6000 6000 12000 702692 291432 22057 179988 310390 1506559 26714496 27937740 26951783 29128658 30874280 141606957 0.98940 0.98380 0.01060 0.01620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 228808 106467 34 13722 321587 199193 35537 17157 23079 228808 159246 21893 22453 4399 199193 1.00000 0 0 6867074 6867074 123084307 29783399 93300908 2850226 2157260 692966 9520559 4401165 5119394 105980342 DEFERRED FINANCING COSTS 3701720 ESCROW DEPOSITS 160082 DEFERRED MARKETING AND ADVERTISING 2375087 FUNDS LIMITED AS TO USE 8744269 FUNDS REST FOR REVENUE BOND REPYMT 10994617 25975775 SWAP VALUATION 19153581 19153581 30874280 31861251 -986971 324675 -11831310 -11506635 -12493606 31205371 330528 26900 357428 30847943 26337 26337 30874280 43698977 11837726 11837726 31861251 0 31861251 PART IV, LINE 2B: PURSUANT TO CHAPTER 651 OF THE FLORIDA STATUTES, FUNDS RECEIVED FROM FUTURE RESIDENTS AS RESERVATION DEPOSITS ARE HELD PURSUANT TO AN ESCROW AGREEMENT BY THE TRUSTEE AS ESCROW AGENT UNTIL THE RESERVED LIVING UNIT IS AVAILABLE FOR OCCUPANCY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE GLENRIDGE HAS ADOPTED THE PROVISIONS OF FASB ASC NO. 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO. 740"). ASC 740 REQUIRES THAT THE IMPACT OF TAX POSITIONS BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE GLENRIDGE'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE GLENRIDGE'S OPEN AUDIT PERIODS ARE 2008-2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: SWAP OBLIGATION VALUATION ADJUSTMENT -11,831,310. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 26,900. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 26,337. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SWAP OBLIGATION 11,831,310. NET ASSETS RELEASED FROM RESTRICTIONS 26,900. LOSS ON SALE OF ASSETS -20,484. PUBLIC FINANCE AUTHORITY 2011-05-25 116460 REFUNDING OF 2006 BONDS, FUND CONSTRUCTION, PAY COSTS OF ISSUANCE 0 0 0 124085999 10071217 97630000 2239171 1134000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO AN AGREEMENT WITH PRAXEIS LLC ON 6/15/2002 WHERE PRAXEIS SHALL BE RESPONSIBLE FOR ALL DUTIES AND RESPONSIBILITIES RELATING TO THE MANAGEMENT AND DAY-TO-DAY OPERATIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO THE FINANCE COMMITTEE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ANNUALLY SIGN CONFLICT OF INTEREST AFFIDAVITS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY A SUB-COMMITTEE OF THE BOARD, TAKING INTO ACCOUNT RELEVANT VARIABLES AND BENCHMARKING AGAINST THE ANNUAL SURVEYS OF CEO COMPENSATION PROVIDED BY INDUSTRY ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THESE DOCUMENTS ARE AVAILABLE IN A PUBLIC SPACE (THE LIBRARY) CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 324,675. SWAP OBLIGATION VALUATION ADJUSTMENT -11,831,310. TOTAL TO FORM 990, PART XI, LINE 5: -11,506,635. AUDIT COMMITTEE OVERSIGHT FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.