2012-03-01T16:00:11-06:00 2011-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2010-07-01 352084623 HOLY CROSS VILLAGE AT NOTRE DAME INC HOLY 5742871838 54515 State Road 933 North PO Box 303 Notre Dame IN 465560303 JOHN MAUCH 2012-02-13 true 3128997000 2010 2016-02-24 21:20:13Z JOHN MAUCH 54515 State Road 933 North Notre Dame IN 465560303 33110296 false 0928 X WWW.HOLYCROSSVILLAGE.COM X 1999 IN HOLY CROSS VILLAGE AT NOTRE DAME PROVIDES HOUSING, HEALTH CARE AND SUPPORT SERVICES EXCLUSIVELY TO OLDER ADULTS IN WAYS THAT PROMOTE INDEPENDENCE AND A HEALTHY, ACTIVE LIFESTYLE. 11 10 148 52 533763 -18602 678610 1104179 11660683 11155862 107959 207109 1066673 19651576 13513925 32118726 7716 4333 0 0 4101805 4247402 0 0 0 11473523 11589300 15583044 15841035 -2069119 16277691 62636223 61176332 73628333 56151035 -10992110 5025297 X HOLY CROSS VILLAGE AT NOTRE DAME WAS ESTABLISHED AS A FAITH-BASED, NON-PROFIT ORGANIZATION AND HAS SINCE DEDICATED ITSELF TO PROVIDING HOUSING, HEALTH CARE AND SUPPORT SERVICES EXCLUSIVELY TO OLDER ADULTS IN WAYS THAT PROMOTE INDEPENDENCE AND A HEALTHY, ACTIVE LIFESTYLE THROUGH A CONTINUING CARE RETIREMENT COMMUNITY. (CONTINUED IN SCHEDULE O) false 8593192 2819 7150827 INDEPENDENT AND ASSISTED LIVING: HOLY CROSS VILLAGE AT NOTRE DAME (HOLY CROSS VILLAGE) PROVIDES A COMPREHENSIVE SELECTION OF RESIDENTIAL LIVING OPTIONS SUPPORTED BY A FULL CONTINUUM OF ON-SITE HEALTH CARE. INDEPENDENT LIVING RESIDENTS ENJOY AN ACTIVE LIFESTYLE, COMPLEMENTED BY SUPERIOR SERVICES AND AMENITIES. PLUS, THEY HAVE THE ASSURANCE OF ON-SITE QUALITY HEALTH CARE, IF EVER NEEDED, AT AN AFFORDABLE, PREDICTABLE COST. (CONTINUED IN SCHEDULE O) 4617466 1514 4107064 SKILLED NURSING AND MEMORY CARE: HOLY CROSS VILLAGE IS LICENSED BY THE STATE DEPARTMENT OF HEALTH AS A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) AND A SKILLED NURSING FACILITY. SERVICES ARE RESIDENT-CENTERED AND ARE FOCUSED ON LONG-TERM HEALTH CARE NEEDS AND/OR DIRECTED TO INDIVIDUALS THAT ARE RECOVERING FROM A BRIEF ILLNESS AND NEED TO REBUILD STRENGTH. (CONTINUED IN SCHEDULE O) 13210658 true true false false false false false false true true false false true true 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 true false false false false true 58 0 true 148 true true true false false false false false false false false false X 11 10 false true false false true true true true true false false true true true true true true true true false IN X JANET TODD 5742871838 54515 STATE ROAD 933 NORTH NOTRE DAME IN 465560303 X PERRY WATSON III 1 X 0 0 0 TOM VELDMAN 1 X 0 0 0 BR JAMES VAN DYKE CSC 1 X 0 0 0 JANET TODD 65 X 61458 0 15660 SR RUTH MARIE NICKERSON CSC 1 X 0 0 0 CONNIE MCCAHILL 1 X 0 0 0 BR JOHN MAY CSC 1 X X 0 0 0 STEVEN KASTNER 50 X 127170 0 20497 PAT CRESSY 1 X 0 0 0 THOMAS CASSADY JR 1 X 0 0 0 KATHLEEN BRICKLEY 1 X 0 0 0 BR THOMAS SHAUGHNESSY CSC 1 X X 0 0 0 JOHN MAUCH 50 X 0 0 0 BR MARK KNIGHTLEY CSC 1 X 0 0 0 188628 0 36157 0 false true true SODEXO INC AND AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 DINING SERVICES 1759044 FRANCISCAN SISTERS OF CHICAGO SERVICE CORP 1055 W 175TH ST STE 202 HOMEWOOD IL 60430 MANAGEMENT/OTHER SERVICES 554879 ALLIANCE REHAB INC 1520 KENSINGTON RD SUITE 110 OAKBROOK IL 60523 THERAPY SERVICES 268860 TALBOOM LAWNCARE-LANDSCAPE INC 26981 KLINE TRAIL SOUTH BEND IN 46614 LAWNCARE/LANDSCAPING SERVICES 174313 RMC'S FINISHES INC 21240 JOHNSON ROAD SOUTH BEND IN 46614 PAINTING 142130 8 1037569 66610 1104179 INDEPENDENT AND ASSISTED LIVING 7048798 7048798 NURSING SERVICES 4107064 4107064 0 0 0 0 11155862 198379 198379 0 0 12720 12720 0 12720 12720 1000000 300 974640 16930 25360 -16630 8730 8730 0 0 0 GAIN ON FORGIVENESS OF DEBT FROM BHC 18823599 18823599 HOUSEKEEPING/MAINTENANCE & MANAGEMENT CONTRACTS 811000 635792 102029 533763 DINING/CAFETERIA/SNACK SHOP 105203 105203 74262 0 0 74262 19638856 32118726 11257891 533763 19222893 4333 4333 0 0 0 75124 75124 26752 26752 3264232 2709051 555181 73025 60522 12503 564165 461441 102724 244104 197166 46938 525177 525177 100061 4353 95708 55625 2953 52672 0 0 0 2350202 2038036 312166 75425 3281 72144 1460046 1216462 243584 8134 95 8039 0 715192 715192 26876 7851 19025 0 9171 2289 6882 2654407 2654407 0 3308868 2944923 363945 151679 110119 41560 BAD DEBT EXPENSE 43110 43110 DUES AND SUBSCRIPTIONS 18475 2538 15937 RECRUITMENT, TRAINING AND DEVELOPMENT 16803 7417 9386 UNIFORMS 7956 7235 721 FACILITY LICENSES 3854 168 3686 58239 17716 40523 0 15841035 13210658 2630377 0 0 1818211 2310324 1920887 2686435 1574544 1197095 39377 34913 55260 58015 55964269 12864216 45227754 43100053 6654571 7297901 1618159 1137443 0 0 3727460 3354153 62636223 61176332 659798 1210517 121869 112003 28010972 27989724 44835694 26838791 73628333 56151035 X -12610269 3837854 1618159 1187443 -10992110 5025297 62636223 61176332 X 16277691 -260284 X false true true X false X 425 867294 651534 678610 1104179 3302042 5333801 7804818 10903589 11660683 11155862 46858753 61269 116255 163861 730690 19003064 20075139 0 0 5395495 8788367 11718984 13069983 31263105 70235934 0 0 0 0 0 0 0 0 70235934 59164 470444 169782 126177 198379 1023946 0 59164 470444 169782 126177 198379 1023946 0 0 0 0 0 0 102029 102029 5454659 9258811 11888766 13196160 31563513 71361909 0.98420 0.95780 0.01430 0.01919 X OTHER INCOME, SCHEDULE A, PART III, LINE 12, MISCELLANEOUS INCOME RECEIVED IN FURTHERANCE OF THE ORGANIZATION'S TAX-EXEMPT PURPOSE: 2006 - $0 2007 - $0 2008 - $0 2009 - $0 2010 - $102,029, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 65229 12328 1722 75835 57995 0 8715 1481 0 0 65229 0 60000 -2005 0 0 0 57995 0.00000 1.00000 0.00000 true false 0 37149177 6715782 30433395 3830980 1536548 2294432 14984112 4611886 10372226 0 43100053 DEFERRED MARKETING COSTS 2254081 DEFERRED BOND ISSUANCE COSTS 1025356 RESIDENT DEPOSITS 74716 3354153 0 REFUNDABLE AND UNEARNED ENTRANCE FEES 25133990 DUE TO AFFILIATE - HOLY CROSS VILLAGE FOUNDATION 900864 RESIDENT DEPOSITS 576316 ACCRUED INTEREST PAYABLE 206651 CAPITAL LEASE OBLIGATION 20970 26838791 32118726 15841035 16277691 220432 -480716 -260284 16017407 31858442 220432 -480716 -260284 32118726 0 0 32118726 15841035 0 0 15841035 0 0 15841035 Intended uses of endowment funds Schedule D, Part V, Line 4 ENDOWMENT FUNDS ARE HELD BY THE COMMUNITY FOUNDATION OF ST. JOSEPH COUNTY FOR THE BENEFIT OF HOLY CROSS VILLAGE AT NOTRE DAME. THE ENDOWMENT FUNDS ARE INTENDED TO PROVIDE FUNDING TO SUPPORT HOLY CROSS VILLAGE AT NOTRE DAME'S MISSION AND TAX-EXEMPT PURPOSE. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE ORGANIZATION IS EXEMPT FROM INCOME TAXES ON INCOME FROM RELATED ACTIVITIES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES. U.S. GAAP REQUIRES THAT A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO U.S. FEDERAL INCOME TAX OR STATE INCOME TAX. THE ORGANIZATION'S FORM 990 HAS NOT BEEN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE STATE OF INDIANA FOR THE LAST THREE YEARS. THE ORGANIZATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE ORGANIZATION RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE ORGANIZATION DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2011 OR 2010. Other changes in net assets Schedule D, Part XI, Line 8 CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF HOLY CROSS VILLAGE FOUNDATION - -480716; Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF HOLY CROSS VILLAGE FOUNDATION - -480716; X false true X X X X false false false false false false false false false STEVEN KASTNER 111724 0 15000 0 446 0 1125 0 19372 0 147667 0 0 0 Tax indemnification and gross-up payments Schedule J, Part I, Line 1a THE ORGANIZATION GROSSES UP THE AMOUNT OF THE CHRISTMAS BONUS FOR ALL EMPLOYEES INCLUDING JANET TODD, THE ORGANIZATION'S TREASURER/CONTROLLER. THIS BONUS RANGES FROM $25 TO $50. THE PRESIDENT DETERMINES ANNUALLY WHETHER OR NOT THERE WILL BE A BONUS FOR THE YEAR. Written policy regarding payment or reimbursement of expenses Schedule J, Part I, Line 1b ALTHOUGH THERE IS NOT A FORMAL WRITTEN POLICY IN PLACE, THE PRESIDENT DECIDES ANNUALLY WHETHER OR NOT THERE WILL BE A BONUS FOR THE YEAR. METHODS USED TO ESTABLISH COMPENSATION FOR CEO/EXECUTIVE DIRECTOR SCHEDULE J, PART I, LINE 3 THE ORGANIZATION'S PRESIDENT/CEO IS PAID BY THE ORGANIZATION'S MANAGEMENT COMPANY, FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION (FSCSC), WHICH IS AN UNRELATED ORGANIZATION. FSCSC UTILIZES THE FOLLOWING METHODS TO ESTABLISH THE PRESIDENT/CEO'S COMPENSATION: - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE ST JOSEPH COUNTY INDIANA 356000194 790608CR2 2006-03-30 36701276 CONSTRUCT AND EQUIP NEW FACILITY false false false 8600000 0 38689150 2013700 3917764 0 722500 204125 0 32039432 0 0 2007 false false true true false false true false true 0.0000 0.0000 0.0000 true false true true ALLIED IRISH BANKS PLC NEW YORK BRANCH 2.5 false false true AIG MATCHED FUNDING CORPORATION 4.3 true false false TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 PROCEEDS OF ISSUE - $36,701,276 INVESTMENT EARNINGS ON PROCEEDS - $1,987,874 TERM OF HEDGE SCHEDULE K, PART IV, LINE 3C TERM OF 2006E HEDGE - 2.5 YEARS TERM OF 2006D HEDGE - 3.5 YEARS BARBARA CASSADY SPOUSE (THOMAS CASSADY, JR.) IS A BOARD MEMBER 25859 EMPLOYEE COMPENSATION false ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 (CONTINUED FROM PART III) HOLY CROSS VILLAGE IS NORTHERN INDIANA'S PREMIER CONTINUING CARE RETIREMENT COMMUNITY. OFFERING RESIDENTIAL LIVING, LIFELONG LEARNING AND SECURITY FOR THE FUTURE, HOLY CROSS VILLAGE IS THE PERFECT RETIREMENT OPTION FOR THOSE SEEKING AN ACTIVE, INDEPENDENT LIFESTYLE WITH SERVICES AND AMENITIES TO KEEP THE MIND, BODY AND SPIRIT YOUNG. THE ORGANIZATION STRIVES TO: - ENHANCE THE QUALITY OF SENIORS' LIVES THROUGH WELLNESS PROGRAMS AND ENGAGING LIFELONG LEARNING ACTIVITIES; - PROVIDE THE HIGHEST QUALITY OF LIVING AND PERSONAL CARE WHILE RESPECTING THE RESIDENTS' INDIVIDUAL DIGNITY AND RIGHT TO PERSONAL CHOICE; - PROVIDE A HOME-LIKE ATMOSPHERE THAT ALLOWS RESIDENTS TO ENJOY THE ADVANTAGES OF COMMUNITY LIVING WITHOUT COMPROMISING THEIR INDIVIDUALITY, DIGNITY OR PRIVACY; AND - WORK TO CREATE A MODEL OF SUCCESSFUL AGING THAT ENHANCES EVERY PERSON'S POTENTIAL AND LESSENS THE EFFECTS OF GETTING OLDER. INDEPENDENT AND ASSISTED LIVING FORM 990, PART III, LINE 4A (CONTINUED FROM PART III) HOLY CROSS VILLAGE IS AN INTERDEPENDENT COMMUNITY ENERGIZED BY HOLY CROSS SPIRITUALITY AND HOSPITALITY, AND DEDICATED TO PROVIDING A NURTURING ENVIRONMENT FOCUSED ON DIGNITY AND RESPECT. HOLY CROSS VILLAGE GOES BEYOND WHAT'S EXPECTED TO OFFER A LIFESTYLE THAT ALLOWS RESIDENTS TO LIVE AS INDEPENDENTLY AS POSSIBLE, WHILE STAYING CLOSE TO FAMILY, FRIENDS, AND THE BEST CARE AVAILABLE. RESIDENTS HAVE PEACE OF MIND KNOWING THEIR FUTURES ARE SECURE, WHICH IS SOMETHING THEY WILL VALUE AS MUCH TODAY AS THEY WILL TOMORROW. HOLY CROSS VILLAGE IS ALSO A LICENSED ASSISTED LIVING COMMUNITY, AND OUR ASSISTED LIVING APARTMENTS ALLOW FOR PRIVACY AND INDEPENDENCE. IF RESIDENTS REQUIRE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, OUR COMPREHENSIVE RANGE OF SUPPORTIVE SERVICES IS DESIGNED TO FIT THEIR NEEDS, AND OUR CARING STAFF IS AVAILABLE 24 HOURS A DAY TO ASSIST THEM. DURING THE YEAR ENDED JUNE 30, 2011, THE ORGANIZATION PROVIDED SERVICES TO 154 RESIDENTS IN AN INDEPENDENT LIVING SETTING WITH 154 APARTMENTS AND VILLAS, AS WELL AS 59 RESIDENTS IN AN ASSISTED LIVING SETTING WITH 46 APARTMENTS. SKILLED NURSING AND MEMORY CARE FORM 990, PART III, LINE 4B (CONTINUED FROM PART III) REHABILITATION SERVICES ARE DELIVERED IN A RESIDENT-CENTERED PROGRAM THAT IS FOCUSED ON ACHIEVING POSITIVE OUTCOMES. RESIDENTS RECEIVE 24-HOUR NURSING SUPERVISION AND RESTORATIVE THERAPIES THAT ARE PHYSICIAN DIRECTED. THE ONSITE REHABILITATION CENTER DELIVERS PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES AS WELL AS OTHER SPECIALIZED SERVICES TO MEET REHABILITATION NEEDS. MEMORY CARE ACCOMMODATIONS ARE OFFERED IN A SECURED ENVIRONMENT DESIGNED TO MEET THE NEEDS OF SENIORS WITH ALZHEIMER'S, DEMENTIA AND OTHER MEMORY LOSS. INDIVIDUALS WHO NEED HELP WITH DAY-TO-DAY LIVING RECEIVE SPECIAL ENCOURAGEMENT TO ADD MEANING AND FULFILLMENT TO THEIR LIVES. SERVICES ARE TAILORED SPECIFICALLY TO EACH RESIDENT WHILE SUPPORTING A HEALTHY LIFESTYLE IN A SECURED AREA THAT HAS ACCESS TO A COURTYARD AND VIEWS OF A WOODED AREA. CERTIFIED NURSING ASSISTANTS PROVIDE STANDBY AND HANDS ON ASSISTANCE WITH BATHING, GROOMING AND ESCORTS. RESIDENTS ARE ENCOURAGED TO CONTINUE ACTIVITIES THEY LOVE AND ENJOY. A WIDE RANGE OF LIFE ENRICHING ACTIVITIES ARE PLANNED FOR RESIDENTS EACH DAY THAT ARE TARGETED TO RAISE SPIRITS, STIMULATE MINDS AND PROMOTE HAPPINESS. DURING THE YEAR ENDED JUNE 30, 2011, THE ORGANIZATION PROVIDED SERVICES TO 155 RESIDENTS IN A NURSING SETTING WITH 36 BEDS AND A NURSING DEMENTIA CENTER WITH 12 ROOMS. Delegation of management duties Form 990, Part VI, Section A, Line 3 THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION (FSCSC), AN UNRELATED TAX-EXEMPT ORGANIZATION THAT IS A FULL-SERVICE MANAGEMENT ORGANIZATION OF THE FRANCISCAN SISTERS OF CHICAGO. FSCSC ASSUMED MANAGERIAL DUTIES OF THE HOLY CROSS VILLAGE ON OCTOBER 1, 2004. FSCSC OVERSEES ALL OPERATIONS AND PROVIDES THE ORGANIZATION'S PRESIDENT/CEO. THE AGREEMENT HAS A TERM THAT WILL TERMINATE ON THE LATER OF FIVE YEARS FROM THE AMENDED AND RESTATED MANAGEMENT AGREEMENT DATED FEBRUARY 1, 2006, OR THE EARLIER OF TEN YEARS OR THE END OF THE FISCAL YEAR IN WHICH THE PRINCIPAL AMOUNTS OF BOTH THE SERIES 2006D AND 2006E BONDS ARE RETIRED AND PAID IN FULL. A ONE YEAR EXTENTION CONTRACT WAS SIGNED ON MARCH 1, 2011. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 THE BROTHERS OF HOLY CROSS, A RELATED TAX-EXEMPT ORGANIZATION, IS THE SOLE CORPORATE MEMBER OF HOLY CROSS VILLAGE AT NOTRE DAME, INC . Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a THE BROTHERS OF HOLY CROSS, THE ORGANIZATION'S SOLE MEMBER, HAS THE POWER TO APPOINT AND REMOVE THE MEMBERS OF THE BOARD OF DIRECTORS, INCLUDING THE CHAIRPERSON. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b THE BROTHERS OF HOLY CROSS, THE ORGANIZATION'S SOLE MEMBER, HAS THE FOLLOWING ADDITIONAL RESERVED POWERS: 1. TO APPROVE THE CORPORATION'S ANNUAL AND CAPITAL BUDGETS AND SIMILAR DOCUMENTS DEVELOPED BY THE BOARD. 2. TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION, BYLAWS AND SIMILAR GOVERNING DOCUMENTS OF THE CORPORATION. 3. TO APPROVE ANY MERGER, CONSOLIDATION, DISSOLUTION OR LIQUIDATION OF THE CORPORATION. 4. TO APPROVE THE PURCHASE, SALE, DONATION, LEASE, MORTGAGE, OR ANY OTHER ACQUISITION, DISPOSITION OR ENCUMBRANCE OF ANY ASSETS OF THE CORPORATION, OR SPECIFICALLY APPROVE AS PART OF A STRATEGIC AND FINANCIAL PLAN OF THE CORPORATION. 5. TO APPROVE THE ESTABLISHMENT, TERMINATION, TRANSFER OR OTHER ACQUISITION OR DISPOSITION OF ANY MAJOR MINISTRY, WORK OR SIMILAR PROGRAM BY HCV. 6. TO APPROVE THE CREATION OF ANY NEW AFFILIATE OR ANY AFFILIATION OF THE CORPORATION WITH ANOTHER ENTITY. 7. TO APPROVE THE INCURRENCE OF INDEBTEDNESS, THE MAKING OF LOANS TO OTHER ENTITIES OR THE GUARANTY OF ANY INDEBTEDNESS OF OTHERS, BY THE CORPORATION, FOR AMOUNTS IN EXCESS OF THE MEMBER-SPECIFIED LIMITS, EXCEPT WITH RESPECT TO TRANSACTIONS SPECIFICALLY APPROVED AS PART OF A STRATEGIC AND FINANCIAL PLAN OF THE CORPORATION. 8. TO ESTABLISH DOLLAR LIMITS BELOW WHICH THE CORPORATION MAY AUTHORIZE FINANCIAL EXPENDITURES, INCLUDING CONTRACTS INVOLVING SUCH EXPENDITURES. 9. TO ESTABLISH DOLLAR LIMITS BELOW WHICH THE CORPORATION MAY AUTHORIZE LITIGATION SETTLEMENTS OR ANY RELEASE OR CANCELLATION BY THE CORPORATION OF A CLAIM OR RIGHT OF ACTION AGAINST ANOTHER PARTY. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE ORGANIZATION'S MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 IN DETAIL. A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, ALONG WITH A MANAGEMENT SUMMARY WAS THEN PRESENTED TO THE ORGANIZATION'S FINANCE COMMITTEE IN JANUARY 2012. A COPY OF THE FULL FORM 990 AND MANAGEMENT SUMMARY WAS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS IN FEBRUARY 2012 FOR REVIEW PRIOR TO ITS FILING WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE SECRETARY OF THE BOARD OF DIRECTORS DISTRIBUTES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, WHICH INCLUDES A CONFLICT OF INTEREST QUESTIONNAIRE, TO THE BOARD MEMBERS ANNUALLY. THE SECRETARY COLLECTS AND REVIEWS THE COMPLIANCE QUESTIONNAIRE FORMS FOR ANY POTENTIAL CONFLICTS OF INTEREST. IF ANY ACTUAL CONFLICTS OF INTEREST ARE DETERMINED TO EXIST, THE BOARD MEMBER IS RECUSED FROM VOTING ON THE CONFLICTING ISSUE. IN ADDITION, A REVIEW OF THE CONFLICT OF INTEREST POLICY AND COMPLETION OF A COMPLIANCE QUESTIONNAIRE IS PART OF EVERY EMPLOYEES' ANNUAL REVIEW. THIS ANNUAL REVIEW IS DONE BY THE INDIVIDUAL'S DIRECT SUPERVISOR AND THE HUMAN RESOURCE DIRECTOR. TO DATE, THE ORGANIZATION HAS NOT HAD ANY CONFLICTS OF INTEREST. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a COMPENSATION FOR THE ORGANIZATION'S PRESIDENT/CEO IS PAID BY THE ORGANIZATION'S MANAGEMENT COMPANY, FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION (FSCSC), WHICH IS AN UNRELATED ORGANIZATION. FSCSC'S BOARD OF DIRECTORS, WHICH CONSISTS OF INDEPENDENT PERSONS, REVIEWS AND APPROVES THE COMPENSATION RANGE FOR ALL POSITIONS, INCLUDING THE ORGANIZATION'S PRESIDENT/CEO AND TREASURER/CONTROLLER, AT LEAST ANNUALLY. HOLY CROSS VILLAGE AT NOTRE DAME'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE ACTUAL AMOUNT OF COMPENSATION FOR THE PRESIDENT/CEO AND TREASURER/CONTROLLER. APPROPRIATE SALARY COMPARATIVE DATA, INCLUDING INFORMATION FROM CLARK CONSULTING AND MERCER, IS COLLECTED AND EVALUATED TO ASSIST IN THE DETERMINATION OF MARKET-DRIVEN PAY RANGES FOR EVERY POSITION. THESE PAY RANGES ARE REVIEWED AND ADJUSTED ANNUALLY, AS NECESSARY. THE PROCESS TO DETERMINE THESE PAY RANGES IS DOCUMENTED IN THE ORGANIZATIONS' BOARDS OF DIRECTORS MEETING MINUTES, AND WAS LAST UNDERTAKEN IN 2010. THE HOLY CROSS VILLAGE HUMAN RESOURCES DEPARTMENT IS RESPONSIBLE FOR MONITORING COMPLIANCE WITH THE PAY RANGES PROVIDED, AND ANY DEVIATION FROM THE RECOMMENDED RANGE MUST HAVE APPROVAL FROM THE FSCSC BOARD OF DIRECTORS. IN ADDITION DURING 2010 HOLY CROSS VILLAGE'S BOARD OF DIRECTORS HIRED MERCER, AN HR CONSULTING FIRM, TO CONDUCT A COMPENSATION SURVEY FOR THE EXECUTIVE POSITIONS, INCLUDING THE PRESIDENT/CEO AND TREASURER/CONTROLLER. THIS INFORMATION WAS ALSO USED TO ASSIST IN THE DETERMINATION OF ANY COMPENSATION ADJUSTMENTS. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b SEE NARRATIVE FOR FORM 990, PART VI, SECTION B, LINE 15A. Public Disclosure Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC, EITHER IN PRINTED OR PDF COPY, UPON REQUEST. Average hours worked per week for related organization Form 990, Part VII, Section A, Column B JANET TODD - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO HOLY CROSS VILLAGE FOUNDATION, INC., A RELATED TAX-EXEMPT ORGANIZATION. BR. JOHN MAY, CSC - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO HOLY CROSS VILLAGE FOUNDATION, INC., A RELATED TAX-EXEMPT ORGANIZATION. STEVEN KASTNER - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO HOLY CROSS VILLAGE FOUNDATION, INC., A RELATED TAX-EXEMPT ORGANIZATION. THOMAS CASSADY, JR. - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO HOLY CROSS VILLAGE FOUNDATION, INC., A RELATED TAX-EXEMPT ORGANIZATION. JOHN MAUCH - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO HOLY CROSS VILLAGE FOUNDATION, INC., A RELATED TAX-EXEMPT ORGANIZATION. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 220432; CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF HOLY CROSS VILLAGE FOUNDATION - -480716; BROTHERS OF HOLY CROSS INC 54515 SR 933 N PO BOX 460 NOTRE DAME IN 46556 350868938 ROMAN CATHOLIC CHURCH RELIGIOUS ORDER IN 501(C)(3) 1 NA HOLY CROSS VILLAGE FOUNDATION 54515 SR 933 N PO BOX 303 NOTRE DAME IN 46556 263861889 SUPPORT HOLY CROSS VILLAGE AT NOTRE DAME IN 501(C)(3) 11 - Type II NA false false true false false false false false false true true true false false false true false false