2012-03-14T11:52:01-04:00 2011-06-30 ERNST & YOUNG US LLP 75 BEATTIE PLACE SUITE 800 GREENVILLE SC 29601 990 2010-07-01 232018005 CATHEDRAL VILLAGE CATH 2154871300 600 EAST CATHEDRAL ROAD PHILADELPHIA PA 19128 CATHERINE CHAN-NG 2012-03-12 8642425740 2010 2016-02-24 21:20:13Z DENNIS KOZA 600 E CATHEDRAL ROAD PHILADELPHIA PA 19128 34885626 false X WWW.CATHEDRALVILLAGE.COM X 1980 PA OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY IN ACCORDANCE WITH OUR TAX EXEMPT CHARTER 19 18 513 210 0 0 109902 420085 26025795 26450547 413182 1166388 595299 628678 27144178 28665698 0 0 0 0 13741493 14904818 0 0 0 13024768 12690564 26766261 27595382 377917 1070316 52608223 51771001 44063442 40508521 8544781 11262480 X CATHEDRAL VILLAGE WAS FOUNDED WITH THE SUPPORT OF THE EPISCOPAL DIOCESE OF PENNSYLVANIA AS AN INDEPENDENT NONPROFIT, NONSECTARIAN CONTINUING CARE RETIREMENT COMMUNITY, COMMITTED TO PROMOTING THE QUALITY OF LIFE FOR EACH RESIDENT. OUR AIM IS TO ENCOURAGE MAXIMUM INDEPENDENCE; ENHANCEMENT OF DIGNITY; FINANCIAL SECURITY; PERSONAL CHOICE; OPTIMUM PHYSICAL, PSYCHOLOGICAL AND SOCIAL WELL-BEING OF THE INDIVIDUAL. AN INTEGRAL PART OF EACH RESIDENT'S LIFE IS HIS/HER FAMILY, IMMEDIATE OR EXTENDED. CATHEDRAL VILLAGE ENCOURAGES THE INVOLVEMENT OF FAMILIES AND SURROGATES IN THE PROMOTION OF RESIDENT INDEPENDENCE AND DIGNITY, AND SEEKS OPEN AND CONSTRUCTIVE COMMUNICATION WITH THE FAMILIES AND SURROGATES. EACH RESIDENT HAS THE RESPONSIBILITY TO RESPECT THE RIGHTS OF OTHER RESIDENTS AND OF THE STAFF. CATHEDRAL VILLAGE CONSIDERS THE STAFF TO BE AN INTEGRAL PART OF THE COMMUNITY THAT IS ESSENTIAL TO ACHIEVING THE COMMUNITY'S GOALS. IN RETURN, CATHEDRAL VILLAGE RECOGNIZES ITS RESPONSIBILITY TO PROVIDE A false false 22455336 26450547 CATHEDRAL VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES HOUSING, HEALTHCARE AND OTHER RELATED SERVICES TO RESIDENTS UNDER OPERATION OF A RETIREMENT FACILITY CONTAINING 293 APARTMENTS AND A 148 BED SKILLED NURSING FACILITY LOCATED IN PHILADELPHIA, PENNSYLVANIA. 22455336 true true false false false false false false false true true false false false false true true false false false false false false false false false false false false true true false false false false false false false false true false false false false false false false false false false false true 86 0 true 513 true false false false false false false false false false false X 19 18 true false false false true true false true true false false true true true true false false true true false PA X CATHERINE CHAN-NG 2154871300 600 EAST CATHEDRAL ROAD Philadelphia PA 19128 William Scott 1.0 X X 0 0 0 William A Cobb JR 1.0 X X 0 0 0 Edwin Sheffield 1.0 X X 0 0 0 Alexis Thielens 1.0 X X 0 0 0 John Bower Jr 1.0 X 0 0 0 Weld Coxe 1.0 X 0 0 0 Eleanor Dezzi 1.0 X 0 0 0 Lee W Doty Esq 1.0 X 0 0 0 Sonya Driscoll 1.0 X 0 0 0 Kathie Evans 1.0 X 0 0 0 Karl A Fritton Esq 1.0 X 0 0 0 Richard Hartmann Esq 1.0 X 0 0 0 Judith Hernan 1.0 X 0 0 0 Philip Howse 1.0 X 0 0 0 JUDITH BORIE 1.0 X 0 0 0 PETER WILMERDING 1.0 X 0 0 0 Rev Cicely Anne Murray 1.0 X 0 0 0 HELEN WHITE 1.0 X 0 0 0 J William Owens 37.5 X X 83711 0 15966 DENNIS KOZA 37.5 X X 16177 0 1428 Catherine Chan-Ng 37.5 X 192148 0 27317 Lori White 37.5 X 99293 0 21636 Susan Siegfried 37.5 X 102684 0 24186 Roberta Simon 37.5 X 77368 0 10805 Herta Clements 37.5 X 81681 0 11113 Carole Owens 37.5 X 113655 0 12264 LISA HOWARD 37.5 X 101526 0 11473 868243 0 136188 4 false true false Joseph Wildonger 3217 Amber Street PHILADELPHIA PA 19134 General Contractor 545636 John Whener Sons 12 Frosty Hollow Ct SICKLERVILLE NJ 08081 General Contractor 439500 Aegis Therapies Inc PO Box 8103 FORT SMITH AR 72902 Therapies Vendor 439287 McKelvey and Son 225 Rock Hill Road BALA CYNWYD PA 19004 Landscaping Services 281403 Dero Construction 4 Carol Lane MALVERN PA 19355 General Contractor 261569 7 420085 420085 RESIDENT & MEDICAL SERVICES 623000 22604875 22604875 ENTRANCE FEE AMORTIZATION 623000 3845672 3845672 26450547 295645 295645 0 0 7090668 6219928 870740 870743 870743 0 0 0 COMPANION CARE 812900 286161 286161 FOOD SERVICES 722210 182230 182230 GUEST HOUSE 531190 107224 107224 53063 53063 628678 28665698 26450547 1795066 0 0 0 0 868243 868243 0 10567217 8982134 1585083 418325 355576 62749 2172290 1846447 325843 878743 746932 131811 0 252085 252085 57012 57012 0 0 0 0 387173 329097 58076 1092801 928881 163920 0 0 1507386 1281278 226108 1143 972 171 0 67206 57125 10081 1055258 896969 158289 0 3107050 2640993 466057 252085 214272 37813 FOOD EXPENSES 1853927 1575837 278090 OTHER PROFESSIONAL FEES 1653132 1405162 247970 PHARMACY 637614 541972 95642 EQUIPMENT MAINTENANCE&REPAIR 386242 328306 57936 ALL OTHER 380450 323383 57067 27595382 22455336 5140046 0 0 0 1958861 2332561 1633215 2030320 199074 222273 356940 300918 57259496 25675081 32143551 31584415 15687633 14650729 628949 649785 52608223 51771001 3970660 3663599 21680295 21824922 18125000 15020000 287487 0 44063442 40508521 X -395420 638770 6990299 8363866 1949902 2259844 8544781 11262480 52608223 51771001 X 1070316 1647383 X false true true X false X 276015 212947 107664 109902 420085 1126613 24592255 25857270 25349527 26025795 26450547 128275394 24868270 26070217 25457191 26135697 26870632 129402007 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 129402007 631070 583880 422539 349660 295645 2282794 631070 583880 422539 349660 295645 2282794 725191 782464 631689 595299 628678 3363321 26224531 27436561 26511419 27080656 27794955 135048122 0.95819 0.95471 0.01690 0.01985 X OTHER INCOME IS MADE UP OF FOOD SERVICE, COMPANION CARE, GUEST HOUSE AND OTHER MISCELLANEOUS REVENUE ITEMS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15657872 2279073 2640005 5926221 14650729 9120063 776431 1000000 8896494 11923724 -1653661 1150000 9120063 0.30000 0.15000 0.55000 false false 1887133 1887133 50068113 22833605 27234508 5025933 2638501 2387432 278317 202975 75342 31584415 0 0 28665698 27595382 1070316 1796144 -148761 1647383 2717699 28665698 28665698 28665698 27595382 27595382 27595382 USES OF ENDOWMENT FUNDS PART V, LINE 4 The endowment funds are used for donor specified, bond financing or board designated purposes, such as capital expansion, financial aid to residents, etc. FIN 48 (ASC 740) AUDITED FINANCIAL STATEMENTS FOOTNOTE PART X, LINE 2 In the course of preparing Cathedral Village's tax returns, Cathedral Village evaluates tax positions taken or expected to be taken to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authorities. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as tax benefits or expenses in the current year. Management has analyzed all tax positions taken on Federal, State and Local income tax returns for all open tax years and has concluded that no provision for federal income tax is required in Cathedral Village's financial statements. There are no interest and penalties deducted in the current period and no interest and penalties accrued at June 30, 2011. OTHER ADJUSTMENTS TO EXCESS (DEFICIT) FOR THE YEAR PART XI, LINE 8 This represents the Loss on Extinguishment of Debt which resulted from the write off of unamortized deferred financing costs related to the 1998 Bonds which were retired in May 2011. X X false true X X X X false false false false false false false false false Catherine Chan-Ng 161303 0 30845 0 0 0 0 0 27317 0 219465 0 0 0 WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF EXPENSES PART I, LINE 1B Cathedral Village owns a property located at 711 Manatawna Avenue, Philadelphia PA 19128. It was the residence of William Owens, ex-President and Executive Director. Catherdral Village provides an expense allowance of $300 every pay period (two weeks) to Dennis Koza, current President and Chief Executive Officer. PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 717818L30 2003-04-22 10849424 SEE PART V false false false PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 222237287 XXXXXXXXX 2011-05-17 5000000 SEE PART V false false false 11133322 1079023 216988 9837311 2004 false false true true 5000000 50000 2011 true false true true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false false false false false false false false false false false false DESCRIPTION OF PURPOSE PART I, LINE A, COLUMN F THE PROCEEDS OF THE 2003 BONDS WRE USED TO FINANCE CERTAIN CAPITAL ADDITIONS AND RENOVATIONS TO THE FACILITIES AND TO FINANCE THE ACQUISITION OF 0.9 ACRES OF LAND ADJACENT TO THE FACILITIES. DESCRIPTION OF PURPOSE PART I, LINE B, COLUMN F THE PROCEEDS OF THE 2011 BOND WERE USED TO RETIRE ALL THE OUTSTANDING 1998 BONDS WHICH WERE USED TO REFINANCE THE 1990 AND 1993 BONDS. BOTH THE 1990 AND 1993 BONDS WERE USED TO FINANCE CERTAIN CAPITAL ADDITIONS AND RENOVATIONS TO THE FACILITIES. FORM 8038-T FILING REQUIREMENT PART IV, LINE 1 THE 8038-T WAS NOT FILED BECAUSE CATHERDRAL VILLAGE DID NOT HAVE AN ARBITRAGE REBATE LIABILITY. CAROLE OWENS SEE PART V 113655 COMP - DIR OF MKTG false RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION PART IV, LINE 1, COLUMN (B) CAROLE OWENS WAS THE SPOUSE OF WILLIAM OWENS, OUR EX-PRESIDENT AND EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP CAROLE OWENS, DIRECTOR OF MARKETING, WAS THE SPOUSE OF J. WILLIAM OWENS, EX-PRESIDENT OF CATHEDRAL VILLAGE FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ORGANIZATION THE EPISCOPAL DIOCESE OF PENNSYLVANIA IS THE SOLE MEMBER OF CATHEDRAL VILLAGE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS WHO MAY ELECT BOARD MEMBERS OF THE GOVERNING BODY CATHEDRAL VILLAGE NOMINATES MEMBERS OF OUR GOVERNING BODY AND THE EPISCOPAL DIOCESE HAS APPROVAL RIGHTS OF THE MEMBERS OF OUR GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 11B FORM 990 REVIEW THE FORM 990 IS PREPARED BY MANAGEMENT AND REVIEWED BY ERNST & YOUNG. IT IS PRESENTED TO THE FINANCE COMMITTEE AND DISTRIBUTED TO THE BOARD MEMBERS ON JANUARY 23,2012 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE CONFLICT OF INTEREST POLICY, AS PART OF THE EMPLOYEE HANDBOOK, IS GIVEN TO ALL NEW EMPLOYEES WHEN THEY ARE HIRED. THE EMPLOYEES ARE REQUIRED TO SIGN A STATEMENT ACKNOWLEDGING THEIR RESPONSIBILITY TO BECOME ACQUAINTED WITH THE RULES AND REGULATIONS OF CATHEDRAL VILLAGE. ALL EMPLOYEES ARE EXPECTED TO ACT IN GOOD FAITH FOR THE BEST INTEREST OF CATHEDRAL VILLAGE AT ALL TIMES. ALL BOARD MEMBERS AND MANAGEMENT STAFF ARE REQUIRED TO FILE A CONFLICT OF INTEREST STATEMENT ANNUALLY WHEREBY BUSINESS RELATIONSHIPS ARE DISCLOSED. FORM 990, PART VI, SECTION B, LINE 13 WHISTLEBLOWER POLICY THIS POLICY WAS ADOPTED BY THE BOARD ON SEPTEMBER 19, 2011. FORM 990, PART VI, SECTION B, LINE 14 DOCUMENT RETENTION AND DESTRUCTION POLICY THIS POLICY WAS ADOPTED BY THE BOARD ON SEPTEMBER 19, 2011. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW THE COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. THE COMMITTEE MEETS ANNUALLY TO REVIEW THE PERFORMANCE OF THE PRESIDENT AND TO SET GOALS FOR THE NEXT YEAR. THE COMPENSATION OF ALL OTHER OFFICERS AND STAFF ARE DETERMINED GENERALLY BY THE BUDGET PROCESS. SPECIAL CONSIDERATION AND INCENTIVE COMPENSATION ARE APPROVED BY THE PRESIDENT AND EXECUTIVE VICE PRESIDENT BASED UPON THE OPERATING CHALLENGES AND ACHIEVEMENTS DURING THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE TO PUBLIC ALL PUBLIC DOCUMENTS SUCH AS ARTICLES OF INCORPORATION, CORPORATE BYLAWS, CONFLICTS OF INTEREST POLICY, ANNUAL DISCLOSURE STATEMENTS AND FINANCIAL STATEMENTS ETC ARE AVAILABLE BY WRITTEN REQUEST TO: CATHEDRAL VILLAGE, 600 E. CATHEDRAL ROAD, PHILADELPHIA, PA 19128, ATTN: CATHERINE CHAN-NG. FORM 990, PART XI, LINE OTHER CHANGES IN NET ASSETS UNREALIZED GAINS (LOSSES) ON INVESTMENTS $1,796,144 LOSS ON EXTINGUISHMENT OF DEBT (148,761) ----------- CHANGE IN NET ASSETS $1,647,383