2012-11-08T15:08:04-06:00 2011-12-31 420714325 MCGLADREY LLP 400 LOCUST ST STE 640 DES MOINES IA 503092354 990 2011-01-01 760262402 CARE INITIATIVES INC CARE 5152244442 1611 WEST LAKES PKWY WEST DES MOINES IA 502668212 STEPHEN V MARLOW 5152244442 2012-10-29 1 CRYSTAL JOLIN P00608614 5155586600 2011 2016-02-24 21:20:13Z MILES KING 1611 WEST LAKES PKWY WEST DES MOINES IA 502668212 157094930 0 X CAREINITIATIVES.ORG X 1989 TX CHARITABLE NON-PROFIT: 44 NURSING HOMES, 8 ASSISTED LIVING FACILITIES, 4 INDEPENDENT LIVING FACILITIES, 6 HOSPICE LOCATIONS. 7 5 4468 1298 0 0 58083 62754 154111473 156577592 1756901 438589 53613 14114 155980070 157093049 198512 219591 0 0 84429319 87810032 0 0 0 61906101 64906393 146533932 152936016 9446138 4157033 183908087 183962804 144808955 140611639 39099132 43351165 X TO PROVIDE FOR THE HEALTH AND CONVALESCENT CARE NEEDS OF THE ELDERLY IN LOCAL COMMUNITIES THROUGH PLEASANT, SECURE AND HOMELIKE HEALTH CARE FACILITIES STAFFED BY PROFESSIONALLY TRAINED AND CARING PERSONNEL. TO SUPPORT CHARITABLE AND BENEVOLENT CAUSES, WHICH IMPROVE THE QUALITY OF LIFE OF THE ELDERLY IN THE COMMUNITIIES IN WHICH OUR FACILITIES ARE LOCATED. 0 0 142059796 156471215 DURING 2011, CARE PROVIDED SERVICES TO 2,528 RESIDENTS IN 44 IOWA NURSING HOMES, 8 ASSISTED LIVING FACILITIES AND 4 INDEPENDENT LIVING FACILITIES. CARE PROVIDED THESE RESIDENTS, WHICH ARE COMPRISED OF ELDERLY, INFIRMED AND FINANCIALLY LIMITED INDIVIDUALS WITH A COMFORTABLE, CLEAN, HOME LIKE ATMOSPHERE. CARE PROVIDES HIGH QUALITY HEALTH CARE, FREE OF AS MANY RESTRAINTS AND PSYCHOTROPIC MEDICATIONS AS IS PRUDENT FOR THEIR SAFETY AND THE SAFETY OF OTHER RESIDENTS, AT THE LOWEST POSSIBLE COST. SERVICES PROVIDED INCLUDE ROOM AND BOARD, PROVISION FOR DIETARY REQUIREMENTS, ASSISTANCE WITH PERSONAL HYGIENE WHERE NEEDED, AND PHYSICAL AND SOCIAL ACTIVITIES TO MAINTAIN THE HIGHEST PHYSICAL AND MENTAL QUALITY OF LIFE ATTAINABLE. ADDITIONAL SERVICES INCLUDE OCCUPATIONAL, SPEECH AND PHYSICAL THERAPY, OUTPATIENT THERAPY SERVICES, SKILLED NURSING CARE IN ALL CARE CENTERS, INDEPENDENT LIVING APARTMENTS AT SEVERAL LOCATIONS AND ASSISTED LIVING IN EIGHT LOCATIONS. CARE HAS ALSO INITIATED A PROGRAM OF RESTORATIVE NURSING CARE TO HASTEN RESIDENT'S OPPORTUNITY TO RETURN TO THEIR HOMES. IN ADDITION, CARE PROVIDES LIMITED OUTPATIENT THERAPY SERVICES IN THE COMMUNITIES IT SERVES.DURING 2011, CARE ALSO PROVIDED HOSPICE SERVICES TO A DAILY AVERAGE OF 173 PATIENTS THROUGH SIX HOSPICE LOCATIONS. CARE PROVIDES COMPASSIONATE HEALTH CARE AND PALLIATIVE SUPPORT FOR PEOPLE FACING LIFE-LIMITING ILLNESSES OR CONDITIONS. SOME OF THE SERVICES PROVIDED INCLUDE NURSING CARE, PHYSICIAN CARE, HOME HEALTH AIDE, PHYSICAL AND SPEECH THERAPY, MASSAGE THERAPY, MUSIC THERAPY, SPIRITUAL SUPPORT, AND BEREAVEMENT SUPPORT.CARE IS THE LARGEST NURSING HOME SERVICE PROVIDER FOR MEDICAID RESIDENTS IN IOWA. IN 2011, 1,239 RESIDENTS PARTICIPATED IN THE MEDICAID PROGRAM. CARE'S COST FOR THESE RESIDENTS EXCEEDED REVENUE BY $15,205,000. THOSE RESIDENTS WHO PAY PRIVATELY AND BECOME UNABLE TO PAY FULL PRIVATE RATES, BUT DID NOT QUALIFY FOR GOVERNMENT ASSISTANCE, WERE NOT DISCHARGED IN FOLLOWING CARE'S PRACTICE OF NOT DENYING CARE TO FINANCIALLY LIMITED INDIVIDUALS. CARE HAS AN OPEN ADMISSION POLICY 24 HOURS PER DAY AND 7 DAYS PER WEEK, WITHOUT MEDICAL OR FINANCIAL SCREENING. NO RESIDENT OF CARE IS DENIED MEDICATION, NURSING SUPPLY OR THERAPY, REGARDLESS OF THEIR ABILITY TO PAY. CARE HAS A HISTORY OF MODERNIZATION AND REPLACEMENT OF NURSING FACILITIES: SINCE INCEPTION, CARE HAS INVESTED MORE THAN $89 MILLION TO MODERNIZE ITS CENTERS. IMPROVEMENTS INCLUDE AIR CONDITIONING, FIRE SPRINKLERS, REPLACEMENT OF HVAC AND ELECTRICAL SYSTEMS, AND PAVED PARKING LOTS. EVERY CARE CENTER THAT HAS NOT YET BEEN REPLACED WITH A NEW REPLACEMENT BUILDING HAS HAD EXTENSIVE RENOVATIONS. SINCE INCEPTION, CARE HAS INVESTED MORE THAN $72 MILLION IN TEN NEW REPLACEMENT CENTER BUILDINGS THROUGHOUT IOWA.CARE PROMOTES ECONOMIC DEVELOPMENT IN THE COMMUNITIES IT SERVES BY ADDRESSING HOUSING, EMPLOYMENT, EDUCATIONAL OR ENVIRONMENTAL NEEDS AND CONCERNS. IN 2011, CARE CONTRIBUTED TO ITS COMMUNITIES BY PAYING PROPERTY TAX OF $3.4 MILLION. IN MANY OF ITS COMMUNITIES, CARE IS THE LARGEST EMPLOYER AND THEIR FAMILIES FORM THE LARGEST STUDENT POPULATION BASE FOR THE LOCAL SCHOOL DISTRICT.CARE FACILITIES WERE A GATHERING PLACE FOR COMMUNITY VOLUNTEERS WHO PROVIDED 67,481 HOURS TO HELP THE ELDERLY. USING THE INDEPENDENT SECTOR'S ESTIMATED DOLLAR VALUE OF VOLUNTEER TIME, THE ESTIMATED VALUE OF VOLUNTEER TIME TOTALED $1,470,000.CARE'S CONTINUUM OF CARE EXTENDED INTO THE COMMUNITIES IT SERVES BY PROVIDING REDUCED OR NO-FEE SERVICES SUCH AS MEALS-ON-WHEELS, MEALS FOR COUNTY JAILS, EDUCATIONAL SERVICES AND PUBLIC AWARENESS PROGRAMS. 219591 219591 CARE IS AN IOWA LEADER IN DIRECT CONTRIBUTIONS TO THE COMMUNITY. IN 2011, $196,105 IN CHARITABLE CONTRIBUTIONS WERE MADE TO SUPPORT CHARITABLE ORGANIZATIONS THAT FURTHER CARE'S EXEMPT MISSION. OF THIS, OVER $129,000 WAS CONTRIBUTED TO ALZHEIMER'S ASSOCIATION. CARE IS THE STATEWIDE SPONSOR FOR THE ASSOCIATION'S WALK TO END ALZHEIMER'S. 142279387 1 0 0 1 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1136 0 1 4468 1 0 1 TK 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X X STEPHEN V MARLOW 5152244442 1611 WEST LAKES PKWY WEST DES MOINES IA 502668212 X KENT KAPLAN 6.00 X X 48232 0 0 RON NORTHUP 7.00 X 48232 0 0 HULON WALKER 7.00 X X 48232 0 0 STEPHANIE EDWARDS 7.00 X 48232 0 0 RON HARMOND 9.00 X 48232 0 0 ROBERT CONLON 10.00 X 134735 0 3905 MILES KING 40.00 X X 651587 0 21996 MIKE MCDANIEL 40.00 X 459739 0 20634 STEPHEN MARLOW 40.00 X 56764 0 2558 CHARLEEN SCHLEPP 40.00 X 313830 0 15555 ROBERT HAYDEN 40.00 X 281939 0 24119 WILLIAM HAVEKOST 40.00 X 280150 0 21220 PEARL BAUDER 40.00 X 205426 0 16580 JERAMY KUHN 40.00 X 187958 0 8537 DAVID DIXON 40.00 X 175515 0 8762 LANNY WARD 40.00 X 159412 0 6089 3148215 0 149955 29 0 1 0 ONR INC 1101 S CAPITAL OF TEXAS HWY BLDG G AUSTIN TX 78746 PHYS, OCC, SP THERAPY 7851781 AUSTIN BUILDERS LLC 3811 NE RIO CT PO BOX 484 ANKENY IA 50021 CONSTRUCTION SERVICES 613197 AEGIS THERAPIES INC PO BOX 8103 FORT SMITH AR 72902 PHYS, OCC, SP THERAPY 285755 STOTT BARRIENTOS & ASSOC 1421 S BELL AVE STE 1010 AMES IA 50010 ARCHITECTURE 285396 A-1 CAREERS PO BOX 25830 SHAWNEE MISSION KS 66225 NURSE STAFFING 215467 12 62754 4462 62754 NURSING HOME SERVICES 623000 146436762 146436762 HOSPICE SERVICES 623000 8534965 8534965 ASSISTED LIVING SERVIC 623990 1316881 1316881 INDEPENDENT LIVING 623990 134535 134535 GUEST MEALS 722210 80979 80979 73470 48072 25398 156577592 400378 400378 17772 17772 22320 1881 20439 20439 20439 SUBPART F INCOME 900099 14114 14114 14114 157093049 156471215 0 559080 196105 196105 23486 23486 2228520 2228520 76013272 72133991 3879281 268012 246822 21190 3677733 3619414 58319 5622495 5329246 293249 164720 164720 2386709 2386709 12778043 12597940 180103 1048680 946754 101926 1493779 1315717 178062 333199 333199 9051597 8870875 180722 1850821 1660613 190208 5332311 5199774 132537 8510330 8281430 228900 3887476 3882666 4810 MEDICAL SUPPLIES 7380049 7380049 DIETARY SUPPLIES 5878966 5878966 MAINTENANCE 1370956 1370956 HOUSEKEEPING SUPPLIES 1132519 1132519 2306238 2212064 94174 152936016 142279387 10656629 0 22138 22325 28048120 24863771 22999417 17431201 1225225 661852 533790 531926 633395 6596370 195890948 106063490 93700627 89827458 16342397 23231568 1011887 788471 19391091 20007862 183908087 183962804 23745698 24804403 121063257 115807236 144808955 140611639 X 39099132 43351165 39099132 43351165 183908087 183962804 X 4157033 95000 X X 0 1 1 X 0 X 1240415 111753 47992 58083 62754 1520997 137967228 143629471 145558385 154111473 156577592 737844149 139207643 143741224 145606377 154169556 156640346 739365146 0 0 0 739365146 3143506 2450070 1158870 540650 418150 7711246 3143506 2450070 1158870 540650 418150 7711246 693212 54742 28108 36074 14114 826250 143044361 146246036 146793355 154746280 157072610 747902642 0.98860 0.98540 0.01030 0.01330 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: 2007 $93,212 SUBPART F INCOME 2007 $600,000 LIABILITY INSURANCE REIMBURSEMENT 2008 $54,472 SUBPART F INCOME 2009 $28,108 SUBPART F INCOME 2010 $36,074 SUBPART F INCOME 2011 $14,114 SUBPART F INCOME 0 0 0 0 0 1 41830 0 0 0 41830 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: DURING 2011, CARE INITIATIVES HAD NO DIRECT EXPENSES FOR LOBBYING ACTIVITIES. CARE INITIATIVES WAS NOTIFIED BY IOWA HEALTH CARE ASSOCIATION THAT 14.2% OF DUES WOULD BE SPENT ON LOBBYING AND OTHER EXPENDITURES SUBJECT TO CODE SEC. 162(E)(1). DURING 2011, CARE INITIATIVES PAID DUES TO IHCA OF $164,507. CARE INITIATIVES WAS NOTIFIED BY AMERICAN HEALTH CARE ASSOCIATION THAT 27.0% OF DUES WOULD BE SPENT ON LOBBYING AND OTHER EXPENDITURES SUBJECT TO CODE SEC. 162(E)(1). DURING 2011, CARE INITIATIVES PAID DUES TO AHCA OF $68,409. 1 242498 3272035 3204288 310245 0 7355618 7355618 139022989 71035571 67987418 2592001 1992054 599947 35415118 28058646 7356472 11505222 4977219 6528003 89827458 BOND SINKING FUND 5323841 BOND DEBT SERVICE RESERVE FUND 9077035 DEPOSITS 64597 CAPITAL DEPOSIT -IIC 175081 SELF INSURANCE TRUST FUND 3155349 DEBT ISSUANCE 1644204 ASSETS HELD FOR SALE 217755 TRUSTEE HELD CONSTRUCTION FUND 350000 20007862 CARE IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. CARE IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO THE FINANCIAL STATEMENTS. CARE IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2008. CENTRAL AMERICA & THE CARIBBEAN 1 0 PROFESSIONAL & GENERAL LIABILITY INSURANCE N/A 73665 CENTRAL AMERICA & THE CARIBBEAN 0 0 INVESTMENTS N/A 175081 1 0 0 0 1 0 248746 0 248746 0 0 1 0 0 0 1 ALZHEIMERS ASSOCIATION 1730 28TH STREET WEST DES MOINES IA 50266 421520582 501(C)(3) 129386 GENERAL SUPPORT FOOD BANK OF IOWA EAST 17TH STREET DES MOINES IA 50316 421177880 501(C)(3) 15000 GENERAL SUPPORT IOWA SPORTS FOUNDATION 1421 SOUTH BELL AMES IA 50010 421278326 501(C)(3) 10000 GENERAL SUPPORT UNITED WAY OF CENTRAL IA 1111 9TH ST DES MOINES IA 50309 420680425 501(C)(3) 8320 GENERAL SUPPORT GENERAL SUPPORT 4 HARDSHIP FUNDS/FINANCIAL ASSISTANCE 10 23486 ORGANIZATIONS ARE SELECTED BASED UPON RELATEDNESS TO CARE INITIATIVES EXEMPT MISSION. NO ADDITIONAL MONITORING IS PERFORMED. THE FILING ORGANIZATION BASES THE NUMBER OF RECIPIENTS FOR ASSISTANCE BASED UPON THE ACTUAL BOOKS AND RECORDS OF THE ORGANIZATION. X X X X X X 0 0 0 0 0 0 0 0 0 MILES KING 468957 0 139323 0 43307 0 686 0 21310 0 673583 0 0 0 MIKE MCDANIEL 320567 0 95505 0 43667 0 686 0 19948 0 480373 0 0 0 CHARLEEN SCHLEPP 207942 0 62580 0 43308 0 572 0 14983 0 329385 0 0 0 ROBERT HAYDEN 194089 0 58516 0 29334 0 686 0 23433 0 306058 0 0 0 WILLIAM HAVEKOST 194206 0 57400 0 28544 0 676 0 20544 0 301370 0 0 0 PEARL BAUDER 139639 0 40671 0 25116 0 435 0 16145 0 222006 0 0 0 JERAMY KUHN 127882 0 38192 0 21884 0 0 0 8537 0 196495 0 0 0 DAVID DIXON 132453 0 39895 0 3167 0 478 0 8284 0 184277 0 0 0 LANNY WARD 126250 0 31172 0 1990 0 406 0 5683 0 165501 0 0 0 SUPPLEMENTAL INFORMATION PART III PART II, COLUMN B (III): CARE INITIATIVES, INC HAS A 457B PLAN FOR ITS EXECUTIVES. IT WAS FUNDED BY THE ORGANIZATION TO THE FOLLOWING INDIVIDUALS IN THE AMOUNTS LISTED BELOW: MILES KING $16,500; MIKE MCDANIEL $16,500; CHARLEEN SCHLEPP $16,500; ROBERT HAYDEN $7,802; WILLIAM HAVEKOST $7,659; PEARL BAUDER $5,672; AND JERAMY KUHN $5,092. THE ABOVE MENTIONED AMOUNTS ARE INCLUDED IN PART II, COLUMN B (III). IOWA FINANCE AUTHORITY 521699886 462466AV5 2006-08-02 94259850 REFUND PRIOR BONDS (5/14/96) 0 0 0 IOWA FINANCE AUTHORITY 521699886 46246PLQ2 2010-09-30 27420000 REFUND PRIOR BONDS (11/22/02), (11/15/06) 0 0 0 IOWA FINANCE AUTHORITY 521699886 2011-12-07 7000000 BUILDINGS AND EQUIPMENT 0 0 0 16810000 94259850 7911948 742942 93516908 2006 1 1 1 1 1450000 27420000 27420000 2008 1 0 1 1 350000 350000 0 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 X PART II, LINE 3, COLUMN A THE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4-12 DUE TO TRANSFERRED OR REPLACEMENT PROCEEDS IN LINE 4. PART II, LINE 3, COLUMN C THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) AS THIS DEBT WAS ISSUED ON A DRAW-DOWN BASIS AND THE TOTAL PRINCIPAL AVAILABLE HAS NOT YET BEEN DRAWN. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT OF THE ANNUAL FORM 990 IS REVIEWED, PRIOR TO FILING, BY THE FULL BOARD OF DIRECTORS IN A REGULARLY SCHEDULED BOARD MEETING. SUBSEQUENT TO FILING, A FILED COPY OF THE 990 IS MADE AVAILABLE TO THE BOARD MEMBERS. ADDITIONALLY, THE FILED 990 IS PUBLISHED ON CARE'S PUBLIC WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO READ THE CORPORATE POLICY AND COMPLETE AN ANNUAL SIGNED CERTIFICATE REGARDING THE CORPORATE CONFLICT OF INTEREST POLICY. THIS PROCESS IS ADMINISTERED BY THE CORPORATE COMPLIANCE OFFICER. ADDITIONALLY, THE BOARD AND OFFICERS RECEIVE REQUIRED ANNUAL COMPLIANCE TRAINING, INCLUDING BUSINESS PRACTICES AND CONFLICT OF INTEREST, AGAIN UNDER THE SUPERVISION OF THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER ALSO ATTENDS EACH BOARD MEETING AND SERVES, ALONG WITH ALL BOARD MEMBERS, TO RECOGNIZE AND IDENTIFY POTENTIAL CONFLICT OF INTEREST EVENTS. IDENTIFIED CONFLICT OF INTEREST SITUATIONS AND DELIBERATIONS ARE DOCUMENTED IN FORMAL BOARD OF DIRECTOR MINUTES. FORM 990, PART VI, SECTION B, LINE 15 CARE'S PRESIDENT/CEO, VICE PRESIDENT/CFO AND VICE PRESIDENT/DIRECTOR OF OPERATIONS HAVE BEEN IDENTIFIED AS DISQUALIFIED PERSONS. COMPENSATION FOR THESE POSITIONS IS DETERMINED BY INDEPENDENT DIRECTORS OF THE COMPENSATION COMMITTEE WITHOUT THE AFFECTED PARTIES BEING PRESENT AND IS SUBSEQUENTLY PROVIDED TO THE FULL BOARD FOR THEIR ACTION OR APPROVAL. FORMAL PERFORMANCE EVALUATIONS AND DOCUMENTATIONS OF EACH STEP IN THE DELIBERATION PROCESS ARE CONTAINED IN RETAINED COMPENSATION COMMITTEE REPORTS. THE DETERMINATION OF THE COMPENSATION COMMITTEE IS SUPPORTED BY A 2008 REPORT BY QUALIFIED INDEPENDENT COMPENSATION CONSULTANTS USING APPROPRIATE COMPARABILITY DATA. THE DELIBERATIONS OF THE COMPENSATION COMMITTEE AND BOARD ARE CONTEMPORANEOUSLY RECORDED IN FORMAL MEETING MINUTES THAT ARE RETAINED BY THE ORGANIZATION. THE MOST RECENT INDEPENDENT COMPENSATION STUDY IS IN THE PROCESS OF BEING COMPLETED IN 2012. OTHER EXECUTIVE COMPENSATION IS DETERMINED BY THE PRESIDENT/CEO IN CONSULTATION WITH THE MEMBERS OF THE COMPENSATION COMMITTEE AND BOARD OF DIRECTORS. THE REPORTS OF COMPENSATION CONSULTANTS UTILIZED IN THE EVALUATION OF COMPENSATION LEVELS FOR THE PRESIDENT/CEO, VP/CFO AND VICE PRESIDENT/DIRECTOR OF OPERATIONS ARE REVIEWED, ALONG WITH PERFORMANCE EVALUATIONS, INFLATION DATA AND COMPETITIVE FACTORS, ALL TO ESTABLISH COMPENSATION LEVELS. COMPENSATION CHANGES ARE DOCUMENTED AND RETAINED BY THE CORPORATION'S HUMAN RESOURCE DEPARTMENT. OTHER MANAGEMENT COMPENSATION IS DETERMINED ACCORDING TO LONG STANDING PERSONNEL POLICIES ADMINISTERED BY THE CORPORATION'S HUMAN RESOURCES DEPARTMENT. THE COMPENSATION REVIEW PROCESS DESCRIBED ABOVE OCCURS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 CARE PROVIDES ITS FORM 990 ON THE ORGANIZATION'S PUBLIC WEBSITE. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENT, OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D: DURING 2011, FORMER VP/DIRECTOR OF OPERATIONS, ROBERT CONLON'S, REPORTABLE COMPENSATION OF $134,735 INCLUDED A 2010 INCENTIVE PLAN PAYMENT OF $62,577; BASE COMPENSATION OF $26,196; OTHER COMPENSATION OF $2,854; AND BOARD FEES OF $44,000. THE REPORTABLE COMPENSATION WAS REDUCED BY $892 OF INSURANCE PREMIUMS. PART VII: MIKE MCDANIEL, CFO, RETIRED EFFECTIVE 12/31/2011. STEPHEN MARLOW WAS HIRED 10/01/2011 ASSUMING ALL CFO DUTIES. THE CROSSOVER IN EMPLOYMENT PROVIDED FOR A SMOOTH TRANSITION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED GAIN ON INVESTMENTS 95,000. TOTAL TO FORM 990, PART XI, LINE 5: 95,000. CONSOLIDATED AUDIT OF FINANCIAL STATEMENTS: FORM 990, PART XI, LINES 2A, 2B, 2C: THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS AN AUDIT COMMITTEE OF THE BOARD OF DIRECTORS THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE IN THIS PROCESS IN THE CURRENT YEAR. VOLUNTEERS: FORM 990, PART I, LINE 6: CARE INITIATIVES HAD 67,841 RECORDED VOLUNTEER HOURS IN 2011. THE AVERAGE VOLUNTEER WORKS ONE HOUR PER WEEK RESULTING IN A CALCULATED NUMBER OF VOLUNTEERS OF 1298. VOLUNTEERS MAINLY PROVIDE ENTERTAINMENT FOR AND CONVERSE WITH RESIDENTS. ODEBOLT ASSISTED LIVING LLC 13520 CALIFORNIA ST SUITE 250 OMAHA NE 68154 203738090 LOW INCOME HOUSING NE N/A RELATED -1 307988 0 1 0.00010 PANORA ASSISTED LIVING LLC 13520 CALIFORNIA ST SUITE 250 OMAHA NE 68154 203738136 LOW INCOME HOUSING NE N/A RELATED -7 366119 0 1 0.00010 DUNLAP ASSISTED LIVING LLC 13520 CALIFORNIA ST SUITE 250 OMAHA NE 68154 203738210 LOW INCOME HOUSING NE N/A RELATED -2 301355 0 1 0.00010 LAMONI ASSISTED LIVING LLC 13520 CALIFORNIA ST SUITE 250 OMAHA NE 68154 203738239 LOW INCOME HOUSING NE N/A RELATED -5 187675 0 1 0.00010 IOWA INDEMNITY COMPANY LTD BOX 560 BEATRICE BUTTERFIELD BUILDI PROVIDENCIALES TURKS & CAICOS ISLANDS TK 760262402 CAPTIVE INSURANCE TK N/A C 14114 1838968 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DUNLAP ASSISTED LIVING LLC A 12018 GAAP ODEBOLT ASSISTED LIVING LLC A 12018 GAAP LAMONI ASSISTED LIVING LLC A 12018 GAAP PANORA ASSISTED LIVING LLC A 12018 GAAP DUNLAP ASSISTED LIVING LLC D 200000 GAAP ODEBOLT ASSISTED LIVING LLC D 200000 GAAP LAMONI ASSISTED LIVING LLC D 200000 GAAP PANORA ASSISTED LIVING LLC D 200000 GAAP THE CORPORATION IS THE 0.01% MANAGING MEMBER IN FOUR LIMITED LIABILITY COMPANIES PROVIDING ASSISTED LIVING SERVICES. THESE ENTITIES OWN BUILDINGS THAT ARE ATTACHED TO CARE'S RELATED SKILLED NURSING HOMES AND THEY QUALIFY FOR AN ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS UNDER SECTION 42 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND WERE PLACED IN SERVICE IN 2007. CARE INITIATIVES PROVIDES DAILY OPERATIONAL MANAGEMENT SERVICES AND PERMANENT FINANCING. THE AGREEMENTS PROVIDE FOR CARE INITIATIVES TO PURCHASE THE 99.99% INVESTOR MEMBER INTEREST AT THE END OF THE 15-YR TAX CREDIT COMPLIANCE PERIOD FOR AN AMOUNT BASED ON A PROCESS AS SPECIFIED IN THE AGREEMENT.