2012-08-03T13:15:00-05:00 2011-12-31 520547375 MCLEAN KOEHLER SPARKS & HAMMOND 11311 MCCORMICK ROAD SUITE 100 HUNT VALLEY MD 21031 990 2011-01-01 520591603 GENERAL GERMAN AGED PEOPLES HOME OF BALTIMORE GENE 4103396000 800 SOUTHERLY ROAD TOWSON MD 21286 SALVATORE MOLITE JR 4103366000 2012-07-12 1 MARY-KAY LEARY CPA P00361328 4102966200 2011 2016-02-24 21:20:13Z EDENWALD SALVATORE MOLITE JR 800 SOUTHERLY ROAD TOWSON MD 21286 37992327 0 X WWW.EDENWALD.ORG X 1881 MD THE GENERAL GERMAN AGED PEOPLE'S HOME OF BALTIMORE IS A MARYLAND NOT-FOR-PROFIT ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY ("EDENWALD"), WHICH WAS OPENED FOR OCCUPANCY IN SEPTEMBER 1985, AND PROVIDES SERVICES THROUGH A COMBINATION OF APARTMENTS, ASSISTED LIVING AND COMPREHENSIVE CARE ACCOMMODATIONS. EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. IN 2011, EDENWALD PROVIDED ASSISTANCE OF $176,333 TO 13 RESIDENTS OF THE FACILITY. 15 15 469 7 0 0 81880 596852 19440541 20904236 173477 595698 0 0 19695898 22096786 0 176333 0 0 10320837 10685718 0 0 0 12858433 12903264 23179270 23765315 -3483372 -1668529 122859585 120180564 110667689 110556755 12191896 9623809 X THE GENERAL GERMAN AGED PEOPLE'S HOME OF BALTIMORE IS A MARYLAND NOT-FOR-PROFIT ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY ("EDENWALD"), WHICH WAS OPENED FOR OCCUPANCY IN SEPTEMBER 1985, AND PROVIDES SERVICES THROUGH A COMBINATION OF APARTMENTS, ASSISTED LIVING AND COMPREHENSIVE CARE. EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. IN 2011, EDENWALD PROVIDED ASSISTANCE OF $176,333 TO 13 RESIDENTS OF THE FACILITY. 0 0 7307970 16217407 RESIDENTS' SERVICES 7213232 4053617 ASSISTED LIVING AND COMPREHENSIVE CARE 5320760 HOUSEKEEPING, LAUNDRY & DIETARY 1687351 PROPERTY OPERATIONS & MAINTENANCE 1687351 21529313 1 1 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 469 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X KEN BULLOCK 4103396013 800 SOUTHERLY ROAD TOWSON MD 21286 LAWRENCE S COOK 0.00 X 0 0 0 JOHN H DITTO JR 0.00 X X 0 0 0 ANNE T GARRETT 0.00 X 0 0 0 WILLIAM L HERMANN 0.00 X 0 0 0 DANIEL JUDGE 0.00 X X 0 0 0 SALLY RANSOM KNECHT 0.00 X 0 0 0 BRUCE J MATTHEISS 0.00 X 0 0 0 FRANCIS B PALUMBO 0.00 X X 0 0 0 F CARVEL PAYNE 0.00 X 0 0 0 ROBERT L SEEGER 0.00 X 0 0 0 GERHARD H SIEBERT 0.00 X X 0 0 0 CORY SILKMAN 0.00 X 0 0 0 DEBRA S WERTHEIMER MD 0.00 X X 0 0 0 SCOTT B ENSOR 0.00 X 0 0 0 DR GEORGE HOHL 0.00 X 0 0 0 SALVATORE MOLITE JR 40.00 X 257082 0 13827 WILLIAM GARRETT JR 40.00 X 170981 0 9929 DIANE L STINCHCOMB 40.00 X 118420 0 9679 KENNETH L BULLOCK 40.00 X 125292 0 10719 ANDREW T JONES 40.00 X 114210 0 10581 785985 0 54735 5 0 1 0 DEPENDABLE SERVICES GROUP LLC 6310 FAIR OAKS AVENUE BALTIMORE MD 21214 NURSING 203665 REESE LOWER PATRICK & SCOTT LTD 1910 HARRINGTON DRIVE LANCASTER PA 17601 ARCHITECTURAL 136712 MCLEAN KOEHLER SPARKS & HAMMOND 11311 MCCORMICK ROAD SUITE 100 BALTIMORE MD 21031 ACCOUNTING/CONSULTING 120526 3 596852 596852 SERVICE FEES 623000 15214228 15214228 ENTRANCE FEES 623000 5056797 5056797 OTHER INCOME 623000 403104 403104 NONRESIDENT FOOD SERVI 623000 230107 230107 20904236 574374 574374 15916865 15805171 90370 111694 -90370 21324 21324 22096786 20904236 0 595698 176333 176333 430620 430620 8544861 7599000 945861 1710237 1536317 173920 105511 105511 113275 113275 26532 10094 16438 2798865 2798865 3713378 3713378 411478 687 410791 FOOD 1514992 1513598 1394 UTILITIES 1253168 1253168 SUPPLIES 729154 701821 27333 REAL ESTATE TAXES 400802 400802 1836109 1289119 546990 23765315 21529313 2236002 0 1989793 1252993 321235 887774 7691162 6977381 107941363 31328049 76437027 76613314 16944271 13684575 19066417 20380077 409680 384450 122859585 120180564 3295098 2953765 41398609 42583433 53840000 52875000 12133982 12144557 110667689 110556755 X 10247771 7668168 1944125 1955641 12191896 9623809 122859585 120180564 X -1668529 -899558 X X 0 1 1 X 0 X 87465 71445 89679 81880 596852 927321 13295538 15441280 18181101 19440541 20904236 87262696 13383003 15512725 18270780 19522421 21501088 88190017 0 0 0 88190017 996244 1036094 756112 575662 574374 3938486 996244 1036094 756112 575662 574374 3938486 14379247 16548819 19026892 20098083 22075462 92128503 0.95730 0.95000 0.04270 0.05000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3 260238 5093700 0 0 1523380 1523380 98615334 25758511 72856823 7055742 5044043 2011699 746907 525495 221412 76613314 MORTGAGES 198825 F CASH AND CASH EQUIVALENTS 3262272 F REAL ESTATE INVESTMENTS 1745500 C ACCRUED INCOME 19657 F MUTUAL FUNDS 6811077 F GOVERNMENT BONDS 7462536 F BROKERED CDS 880210 F 20380077 DEPOSITS FROM PROSPECTIVE CLIENTS 201700 REFUNDABLE ENTRANCE FEES 11942857 12144557 22096786 23765315 -1668529 -899558 -899558 -2568087 21020895 -899558 -899558 21920453 176333 176333 22096786 23588982 0 23588982 176333 176333 23765315 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION ADOPTED THE NEW ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES GUIDANCE ON JANUARY 1, 2009. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES, AT DECEMBER 31, 2011 AND 2010, FOR UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION HAS ADOPTED A POLICY UNDER WHICH, IF REQUIRED TO BE RECOGNIZED IN THE FUTURE, IT WILL CLASSIFY INTEREST RELATED TO THE UNDERPAYMENT OF INCOME TAXES AS A COMPONENT OF INTEREST EXPENSE, AND IT WILL CLASSIFY ANY RELATED PENALTIES IN GENERAL AND ADMINISTRATIVE EXPENSES IN THE STATEMENTS OF UNRESTRICTED REVENUES, EXPENSES, AND OTHER CHANGES IN UNRESTRICTED NET ASSETS (DEFICIT). WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS' ASSISTANCE REPORTED AS A REDUCTION TO OTHER INCOME ON F/S BUT REPORTED AS AN EXPENSE ON PAGE 10, PART IX, LINE 2 ON 990 176,333. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS' ASSISTANCE REPORTED AS A REDUCTION TO OTHER INCOME ON F/S BUT REPORTED AS AN EXPENSE ON PAGE 10, PART IX, LINE 2 ON 990 176,333. 1 RENT SUBSIDIES 13 176333 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. SUCH RESIDENTS USUALLY APPLY FOR ASSISTANCE BY MEETING WITH THE PRESIDENT OR THE VICE PRESIDENT OF FINANCE. THEIR REQUEST IS THEN SUBMITTED TO, REVIEWED BY, AND APPROVED OR DENIED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. X 0 0 0 0 0 0 0 0 0 SALVATORE MOLITE JR 257082 0 0 0 0 0 13827 0 0 0 270909 0 0 0 WILLIAM GARRETT JR 170981 0 0 0 0 0 5933 0 3996 0 180910 0 0 0 MARYLAND HEALTH & HIGHER EDUCATION FACILITIES AUTHORITY 520936091 574217XWO 2006-07-06 80365000 EXPANSION AND RENOVATION OF FACILITY/REFUNDING OF EXISTING DEBT 0 0 0 80107601 3815385 1513627 7905447 66089406 2008 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 SALVATORE MOLITE JR MORTGAGE X 256270 198825 0 1 1 198825 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION IS A NON-STOCK CORPORATION THAT HAS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ON THE BOARD OF DIRECTORS AND APPROVE THEIR ACTIONS FORM 990, PART VI, SECTION A, LINE 7B ELECT DIRECTORS, APPROVE AUDITORS, RATIFY ACTIONS OF THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BOARD PRIOR TO BEING FILED AND WAS DISCUSSED AND REVIEWED AT A MEETING OF A QUORUM OF THE BOARD FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF CONFLICT OF INTEREST STATEMENTS FORM 990, PART VI, SECTION B, LINE 15A CEO'S COMPENSATION WAS REVIEWED BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE DISTRIBUTED TO BONDHOLDERS, MD DEPARTMENT OF AGING, MHHEFA AND INTERESTED PARTIES THROUGH THE DISCLOSURE STATEMENT. OTHER ITEMS ARE DISTRIBUTED ON A CASE BY CASE BASIS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -899,558. FORM 990, PART XI, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE AUDIT. THE BOARD OF DIRECTORS APPROVE THE AUDITORS. THERE HAS BEEN NO CHANGE IN THE PROCESS OF THE OVERSIGHT OF THE FINANCIALS.