2012-07-10T08:41:03-05:00 2011-12-31 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2011-01-01 522126753 RIDERWOOD VILLAGE INC RIDE 3015721300 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 EILEEN ERSTAD 3015721300 2012-06-28 1 JULIA FLANNERY P00928918 4102469300 2011 2016-02-24 21:20:13Z JAMES ANDERS 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 100897561 0 X WWW.NATIONALSENIORCAMPUSES.ORG X 1998 MD PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. SEE SCHEDULE O. 9 9 1763 877 0 0 1217462 730789 95584003 99398643 -738914 246081 490451 508257 96553002 100883770 191118 194144 0 0 42459879 43909327 96598 0 128223 50337550 51607168 93085145 95710639 3467857 5173131 587398768 582240930 561449758 551125909 25949010 31115021 THE BOARD OF DIRECTORS OF NATIONAL SENIOR CAMPUSES, INC. AND ITS SUPPORTED COMMUNITIES ARE COMMITTED TO CREATING COMMUNITIES THAT CELEBRATE LIFE. SEE SCHEDULE O FOR THE COMPLETE MISSION STATEMENT. 0 0 91701274 194144 99398643 RIDERWOOD VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,811 INDEPENDENT LIVING UNITS, 201 ASSISTED LIVING UNITS AND 105 SKILLED NURSING BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. 91701274 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 95 0 1 1763 1 0 0 0 0 0 1 1 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 MD X X BRUCE SIXX 4104022362 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 JIM ANDERS 2.00 X X 14725 69275 0 JERRY SEALS 0.40 X X 9375 28125 0 JAMES STARNES 6.00 X X 11875 3750 0 EILEEN ERSTAD 3.00 X X 9375 31875 0 L CARROLL YINGLING 1.00 X X 10954 33046 0 LARRY SHUBNELL 2.00 X 9725 131775 0 JACKSON BAIN 1.00 X 9375 31875 0 MAURICE BELLAN 0.30 X 9375 28125 0 JOANNE RORAPAUGH 2.00 X 9708 42792 0 CHARLES WARNER 30.00 X 154339 0 13529 BENJAMIN CORNTHWAITE 37.00 X 134336 11565 19406 FLORENCE EDWARDS 40.00 X 103814 0 6809 JOHN HALL 0.50 X 0 0 0 CLARA PARKER 0.50 X 0 0 0 JAMES WALTER 0.50 X 0 0 0 JOHN MANN 40.00 X 136150 0 18702 ROBERT RILEY 40.00 X 129513 0 9000 MAGDY MISHRAKY 40.00 X 120332 0 15350 BO-INGE LUNDH 40.00 X 119035 0 18702 ROBIN ARNICAR 40.00 X 115665 0 17952 1107671 412203 119450 17 0 1 0 SYSCO - BALTIMORE 8000 DORSEY RUN ROAD JESSUP MD 20794 FOOD SERVICE 4831591 CASS INFORMATION SYSTEMS INC 13001 HOLLENBERG DRIVE BRIDGETON MO 63044 BUSINESS PROCESS OUTSOURCING 4430704 ERICKSON LIVING MANAGEMENT 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 MANAGEMENT 2989416 CYPRESS CONTRACTING LLC 23465 ROCK HAVEN WAY SUITE 130 DULLES VA 20166 BUILDING IMPROVEMENTS 1444076 KEANY PRODUCE CO 3310 75TH AVE LANDOVER MD 20785 FOOD SERVICE 777062 30 26175 704614 730789 RESIDENT FEES 623990 75579857 75579857 ANCILLARY FEES 623990 14125849 14125849 RESIDENT DEPOSITS 623990 9578068 9578068 CONTRACT REVENUE 623990 112469 112469 PROCESSING FEES 623990 2400 2400 99398643 222162 222162 503743 503743 503743 503743 23919 23919 23919 23919 10100 26175 13791 -3691 -3691 8205 8205 8205 100883770 99398643 0 754338 38894 38894 155250 155250 525181 525181 36074653 34371756 1614209 88688 170282 141812 27335 1135 4365960 4067629 289503 8828 2773251 2615843 150745 6663 2989416 2989416 70399 64110 6289 65772 65772 31253 31253 5513998 4562977 951021 2361359 2361359 9455505 9301299 143068 11138 8115399 8111235 4164 119057 102125 14062 2870 3714367 3714367 16531009 16531009 525358 525358 EQUIPMENT RENTAL 1183869 1152647 31222 RESIDENT RELATIONS 393534 350815 33818 8901 ADMINISTRATIVE & MISC. 293708 203183 90525 AMORTIZATION EXPENSE 243165 243165 95710639 91701274 3881142 128223 4730 4730 20375844 15716129 5308975 4740508 6840747 9402135 242829 217261 2132121 1973834 590508442 68126519 534139558 522381923 16217595 25150256 24335 28781 2112034 2625373 587398768 582240930 8260421 5958176 72225000 70785000 15988848 15988848 464975489 458393885 561449758 551125909 X 22982992 27968454 2966018 3146567 25949010 31115021 587398768 582240930 X 5173131 -7120 X 0 1 1 X 0 X 983875 1070339 1031768 1217462 730789 5034233 80805701 87135509 92031554 95602943 99398643 454974350 81789576 88205848 93063322 96820405 100129432 460008583 0 0 0 460008583 28187872 796793 606710 960206 725905 31277486 28187872 796793 606710 960206 725905 31277486 109977448 89002641 93670032 97780611 100855337 491286069 0.93630 0.88240 0.06370 0.11760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20838308 20838308 557992089 61066958 496925131 7939460 4468026 3471434 3738585 2591535 1147050 522381923 ADVANCE DEPOSITS 1033300 RESIDENT REFUNDS 8510155 RESIDENT DEPOSITS (NET) 440510802 ACCRUED LIABILITY ON SWAP AGREEMENTS 3626671 FUNDS HELD FOR RESIDENTS 25095 CLAIMS RESERVE 1954408 UNCLAIMED PROPERTY 46241 PARKING DEPOSITS 1550000 INTEREST PAYABLE 987742 DEFERRED MANAGEMENT FEE 149471 458393885 100883770 95710639 5173131 -7120 -7120 5166011 101213955 -7120 337305 330185 100883770 0 100883770 96047944 337305 337305 95710639 0 95710639 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: RIDERWOOD VILLAGE, INC. ("RWV") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE STATE INCOME TAX REGULATIONS. SILVER OAKS CAMPUS, LLC ("SOC") IS A SINGLE-MEMBER LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE DISREGARDED FOR FEDERAL AND STATE INCOME TAX PURPOSES. SOC'S FINANCIAL STATEMENT ACTIVITY IS REFLECTED ON RWV'S BOOKS AND RECORDS. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SPECIAL FUNDRAISING EVENTS NETTED ON FORM 990 13,791. ADJUSTMENT TO TRNA 323,514. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SPECIAL FUNDRAISING EVENTS NETTED ON FORM 990 13,791. ADJUSTMENT TO TRNA 323,514. GALA EVENT 25250 15150 10100 13549 195 RIDERWOOD'S GOT TALENT 11025 11025 47 36275 26175 10100 13549 242 13791 -3691 1 PHYSICIANS FOR PEACE 500 EAST MAIN STREET SUTIE 900 NORFOLK VA 23510 541532165 501(C)(3) 19285 PROGRAM SERVICE PROGRAM SERVICE 1 0 EDUCATIONAL SCHOLARSHIPS - SEE PART IV 154 155250 SCHOLAR CANDIDATES MUST BE CURRENTLY EMPLOYED YEAR-ROUND AT RIDERWOOD VILLAGE. ONLY MEDICAL LEAVES OF ABSENCE ARE ALLOWABLE DURING THE TWO YEARS. OTHER REQUESTS FOR A LEAVE OF ABSENCE WILL BE REVIEWED AND DETERMINED CASE BY CASE. A SCHOLAR CANDIDATE MUST HAVE BEEN EMPLOYED BY RIDERWOOD VILLAGE ON OR BEFORE SEPTEMBER 30, 2011. THE CANDIDATE MUST ALSO ACHIEVE 1,000 HOURS OF WORK DURING A TIME SPAN THAT BEGINS NO EARLIER THAN JUNE 1, 2011 OF THEIR JUNIOR YEAR OF HIGH SCHOOL (300 OF 1,000 HOURS MUST BE COMPLETED BY THE END OF THEIR JUNIOR YEAR OF HIGH SCHOOL TO QUALIFY). ANY HOURS WORKED PRIOR TO JUNE 1, 2011 DO NOT COUNT TOWARDS THE 1,000 HOURS REQUIREMENT. CANDIDATES MUST ACHIEVE THE 1,000 HOUR REQUIREMENT AS WELL AS FULFILL THE TWO-YEAR MINIMUM EMPLOYMENT REQUIREMENT. CANDIDATES MUST BE IN "GOOD STANDING" FROM THEIR ORIGINAL DATE OF HIRE THROUGH THEIR LAST DAY OF WORK. TO MAINTAIN "GOOD STANDING," SCHOLAR CANDIDATES, AS EMPLOYEES, MUST ABIDE BY ALL EMPLOYMENT POLICIES AND PROCEDURES, TO INCLUDE GIVING TWO WEEKS NOTICE TO THEIR SUPERVISOR WHEN TERMINATING EMPLOYMENT. SCHOLAR CANDIDATES MUST COMPLETE EACH STEP AS OUTLINED IN THE PROGRAM DESCRIPTION BY THE RESPECTIVE DUE DATE. FURTHERMORE, CANDIDATES MUST TURN IN PROOF OF FULL-TIME STATUS WITHIN THE DATES SPECIFIED IN THE PROGRAM DESCRIPTION FOR EACH SPRING AND FALL SEMESTER THEY ATTEND SCHOOL. FAILURE TO DO SO WILL DISQUALIFY THE SCHOLAR THAT SEMESTER AND WILL COUNT TOWARDS ONE OF THE TWO ALLOWABLE SEMESTER LAPSES. CANDIDATES SHOULD INTEND TO GO TO COLLEGE OR TRADE SCHOOL AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST ATTEND SCHOOL FULL-TIME (12 CREDIT HOURS EACH SEMESTER) AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST BE ACCEPTED AND/OR REGISTERED IN THE FALL OF 2011 AT A TRADE SCHOOL, COLLEGE, OR UNIVERSITY TO BENEFIT. (IN EXCEPTIONAL CASES, A SCHOLAR CANDIDATE MAY ARRANGE TO START SCHOOL UP TO TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM, BUT THEY MUST MAKE ARRANGEMENTS WITH THE RESIDENT LIFE DEPARTMENT. THESE TWO SEMESTERS WILL COUNT AS THE TWO ALLOCABLE SEMESTER LAPSES.) SCHOLARS WHO LAPSE FROM THE PROGRAM FOR MORE THAN A TOTAL OF TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM ARE NO LONGER ELIGIBLE TO RECEIVE THE AWARD. X X X 0 0 0 0 0 0 0 0 0 CHARLES WARNER 121103 0 24117 0 9119 0 0 0 15515 0 169854 0 0 0 BENJAMIN CORNTHWAITE 113991 9814 20345 1751 0 0 690 60 17496 1506 152522 13131 0 0 JOHN MANN 118415 0 17735 0 0 0 750 0 18261 0 155161 0 0 0 SUPPLEMENTAL INFORMATION PART III ALL OF THE INDIVIDUALS LISTED IN SCHEDULE J, PART II ARE EMPLOYEES OF ERICKSON LIVING MANAGEMENT ("ELM"), AN UNRELATED ORGANIZATION TO RIDERWOOD VILLAGE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN RIDERWOOD VILLAGE, INC. AND ELM. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ELM IS THE ISSUER OF THESE FORMS W-2. UNDER THE MANAGEMENT AGREEMENT, RIDERWOOD VILLAGE, INC. REIMBURSES ELM FOR THE COST OF SERVICES PERFORMED FOR RIDERWOOD VILLAGE, INC. MONTGOMERY COUNTY MARYLAND 526000098 613342B76 2004-03-01 77000000 PURCHASE OF FACILITY 0 0 0 6215000 77000000 462000 1538000 75000000 2004 0 0 1 1 0 1 1 1 0 0.00430 0.00430 1 0 1 0 0 0 0 PART V IN TAX YEAR 2012, THE ORGANIZATION HAS ADOPTED MANAGEMENT PRACTICES AND PROCEDURES TO ENSURE POST-ISSUANCE COMPLIANCE OF ITS TAX EXEMPT BOND LIABILITIES. THESE PROCEDURES INCLUDE WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. FORM 990, PART VI, SECTION A, LINE 1 UNDER THE BYLAWS OF THE ORGANIZATION, THE BOARD HAS DELEGATED AUTHORITY TO AN EXECUTIVE COMMITTEE COMPRISED OF THE ORGANIZATION'S CHAIRMAN, PRESIDENT, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE ACTS BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE IS ONLY EXPECTED TO TAKE ACTION IF THE CHAIRMAN OF THE EXECUTIVE COMMITTEE DETERMINES THAT ACTION IS NECESSARY AND A REPORT OF THE ACTION TAKEN IS PROMPTLY MADE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 ON APRIL 30, 2010, RIDERWOOD VILLAGE, INC. ENTERED INTO A NEW MANAGEMENT AND MARKETING AGREEMENT WITH ERICKSON LIVING MANAGEMENT, LLC ("ELM") TO PROVIDE THE SERVICES PREVIOUSLY PROVIDED BY ERC. ELM IS A SUBSIDIARY OF REDWOOD-ERC SENIOR LIVING HOLDINGS, LLC, NOW KNOWN AS ERICKSON LIVING HOLDINGS, LLC WHICH, TOGETHER WITH OTHER RELATED ENTITIES, PURCHASED THE MAJORITY OF THE ASSETS OF ERC. ELM IS A MARYLAND LIMITED LIABILITY COMPANY WHICH OPERATES AND MANAGES LARGE SCALE CONTINUING CARE RETIREMENT COMMUNITIES. THE MANAGEMENT AGREEMENT COMPLIES WITH REV. PROC. 97-13. THE MANAGEMENT AND MARKETING AGREEMENT WITH ERICKSON LIVING MANAGEMENT, LLC WAS AMENDED ON AUGUST 19, 2011 WITH RESPECT TO THE PROCESS FOR CONDUCTING RESIDENT SATISFACTION SURVEYS. FORM 990, PART VI, SECTION A, LINE 6 RIDERWOOD VILLAGE, INC.'S SOLE MEMBER IS NATIONAL SENIOR CAMPUSES, INC. ("NSC"). NSC IS A MARYLAND NON-STOCK CORPORATION. NSC IS A "SUPPORTING ORGANIZATION" WITH RESPECT TO RIDERWOOD VILLAGE, AS WELL AS CERTAIN OTHER ORGANIZATIONS SPECIFIED IN ITS GOVERNING DOCUMENTS. AS REQUIRED BY THE REGULATIONS RELATING TO "SUPPORTING ORGANIZATIONS," CERTAIN MEMBERS OF THE BOARD OF DIRECTORS OF NSC WILL ALSO BE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL SENIOR CAMPUSES, INC. HAS THE RIGHT TO APPOINT AND ELECT ALL DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN EXTRAORDINARY ACTIONS OF THE CORPORATION REQUIRE THE APPROVAL OF THE MEMBER UNDER APPLICABLE STATE LAW. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD APPOINTS A COMMITTEE FROM AMONG ITS DIRECTORS AS WELL AS THE DIRECTORS FROM ONE OR MORE RELATED ENTITIES TO OVERSEE THE PREPARATION OF FORM 990. THE BOARD CHAIR HAS THE RESPONSIBILITY TO REVIEW FORM 990 PRIOR TO ITS FILING OR TO DESIGNATE ANOTHER BOARD MEMBER TO REVIEW THE FORM. THE FULL BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FINAL VERSION OF FORM 990 BEFORE IT IS FILED AND ASK QUESTIONS OF THE COMMITTEE OR THE REVIEWER REGARDING THE FORM. THE BOARD CHAIR DESIGNATES AN OFFICER TO SIGN FORM 990. FORM 990, PART VI, SECTION B, LINE 12C RIDERWOOD VILLAGE, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER RIDERWOOD VILLAGE, INC.'S AFFAIRS, COMMITTEE MEMBERS, PROSPECTIVE DIRECTORS, AND SENIOR STAFF PROVIDING SERVICES TO THE ORGANIZATION UNDER A MANAGEMENT AGREEMENT. EACH COVERED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND AS POTENTIAL CONFLICTS ARISE DURING THE YEAR. THESE STATEMENTS ARE REVIEWED BY THE BOARD CHAIR. IF THE CONFLICT INVOLVES A COVERED EMPLOYEE, THE CHAIR DETERMINES WHETHER A CONFLICT EXISTS AND, IF SO, HOW IT IS TO BE HANDLED, OR THE CHAIR MAY REFER THE MATTER TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FOR ALL OTHER CONFLICTS, THE BOARD OF DIRECTORS OR A COMMITTEE OF DISINTERESTED DIRECTORS WILL DETERMINE WHETHER A CONFLICT ACTUALLY EXISTS. A COVERED PERSON MAY NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE BY THE BOARD BUT MAY ANSWER QUESTIONS OR PROVIDE CLARIFYING INFORMATION UNLESS ANY BOARD MEMBER OBJECTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS APPROVED A DIRECTORS' COMPENSATION POLICY WHICH ESTABLISHES THE PROCESS BY WHICH ALL DIRECTOR COMPENSATION IS DETERMINED. OFFICERS SERVE WITHOUT COMPENSATION. A REVIEW OF THE DIRECTORS' COMPENSATION IS CONDUCTED EACH FISCAL YEAR. COMPENSATION IS APPROACHED ON AN OVERALL BASIS AND THE TOTAL VALUE OF ALL FORMS OF COMPENSATION IS ESTABLISHED AND MONITORED. AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY RETAINED TO PERFORM AN ANALYSIS OF RIDERWOOD VILLAGE, INC.'S COMPENSATION USING COMPARABLES OF BOTH FOR-PROFIT AND NON-PROFIT PEERS. A COMMITTEE OF THE NSC BOARD REVIEWS THE CONSULTANT'S REPORT AND MAKES A RECOMMENDATION TO THE ORGANIZATION AS TO APPROPRIATE COMPENSATION OF DIRECTORS. THE FULL BOARD HAS ACCESS TO RIDERWOOD VILLAGE INC.'S CONSULTANT'S REPORT AND AN OPPORTUNITY TO QUESTION THE CONSULTANT ABOUT THE PROCESS, METRICS, AND COMPARABLES THAT WERE USED IN DETERMINING THE RECOMMENDED COMPENSATION. THE BOARD THEN VOTES ON THE COMPENSATION RECOMMENDATIONS AND A CONTEMPORANEOUS RECORD IS MADE OF THE MEETING AND THE VOTE. THE CONSULTANT REVIEW WAS LAST UNDERTAKEN IN 2010 AND WAS ACTED UPON BY THE BOARD IN EARLY 2011. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EXECUTIVE DIRECTOR'S OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -7,120. MISSION STATEMENT - 990 PAGE 1, PART I, LINE 1 AND PART III, LINE 1 MISSION STATEMENT SHARING OUR GIFTS TO CREATE COMMUNITIES THAT CELEBRATE LIFE THE BOARD OF DIRECTORS OF NATIONAL SENIOR CAMPUSES, INC. AND ITS SUPPORTED COMMUNITIES ARE COMMITTED TO ACHIEVING THE MISSION BY: 1. PROMOTING AN ACTIVE QUALITY OF LIFE FOR SENIORS -CREATING LARGE SCALE RETIREMENT CAMPUSES TO PROMOTE ACTIVITY AND HEALTHY LIVING. -PROVIDING A RESIDENT CENTERED SERVICE CULTURE. -ENCOURAGING RESIDENT RUN ACTIVITIES WITH PROFESSIONAL SUPPORT. 2. ACHIEVING EXCELLENCE IN SERVICES AND PROGRAMS -EXERCISING ITS AUTHORITY IN SERVICES, PROGRAMS, FEES, FACILITIES AND FINANCING. -EMBRACING COMPLIANCE, ETHICS AND INTEGRITY. -OVERSEEING SERVICES AND PROGRAMS PERSONALLY AND IN MEETINGS WITH THE RESIDENTS ADVISORY COUNCIL. -TAKING A LONG-TERM VIEW OF FIDUCIARY RESPONSIBILITY. 3. INSURING AFFORDABILITY TO MIDDLE INCOME SENIORS -FOCUSING ON THE LONG TERM VIABILITY OF THE COMMUNITY FOR CURRENT AND FUTURE RESIDENTS. -USING FINANCING STRATEGIES TO LOWER THE COST OF CAPITAL. -QUALIFYING FOR EXEMPTION FROM FEDERAL AND STATE INCOME TAX. -OBTAINING PROPERTY TAX REDUCTIONS FROM COMMUNITY GOVERNMENTS. -ACCUMULATING NET INCOME TO FURTHER THE MISSION. -MAINTAINING A POLICY FOR FULLY REFUNDABLE ENTRANCE DEPOSIT. -OFFERING FEE-FOR-SERVICE HEALTH CARE. 4. MAKING A LIFE CARE COMMITMENT -TO THE EXTENT FEASIBLE, ENSURING THAT NO RESIDENT SHOULD EVER HAVE TO LEAVE A COMMUNITY AS A RESULT OF FINANCIAL INABILITY TO PAY FOR THE COST OF THEIR CARE. -ENCOURAGING FUNDRAISING EFFORTS IN SUPPORT OF BENEVOLENT CARE. 5. FOSTERING GROWTH -COMMITTING TO MAKING THIS LIFESTYLE AVAILABLE TO AN INCREASING NUMBER OF SENIORS. -INCREASING EFFORTS TO ACHIEVE AFFORDABILITY. -DEVELOPING NEW COMMUNITIES IN CURRENT MARKETS. -DEVELOPING COMMUNITIES IN NEW MARKETS. FORM 990, PART VI, LINE 9 THE BOARD OF DIRECTORS AS LISTED IN PART VII, SECTION A, CAN BE REACHED AT THE FOLLOWING ADDRESS: UNIVERSITY OF MARYLAND-BALTIMORE COUNTY (UMBC) RESEARCH TECHNOLOGY PARK 5525 RESEARCH PARK DRIVE, 3RD FLOOR BALTIMORE, MD 21228 FORM 990, PART VII - BOARD OF DIRECTORS COMPENSATION THE COMPENSATION PAID BY RELATED ENTITIES FOR EACH DIRECTOR IS AS FOLLOWS: INDIVIDUAL: JIM ANDERS ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 350 ASHBY PONDS, INC. $ 9,725 BROOKSBY VILLAGE, INC. $ 350 CEDAR CREST VILLAGE, INC. $ 350 EAGLE'S TRACE, INC. $ 350 FOX RUN VILLAGE, INC. $ 350 GREENSPRING VILLAGE, INC. $ 9,725 HIGHLAND SPRINGS, INC. $ 350 LINDEN PONDS, INC. $ 350 MARIS GROVE, INC. $ 350 NATIONAL SENIOR CAMPUSES, INC. $ 31,250 OAK CREST VILLAGE, INC. $ 14,725 RIDERWOOD VILLAGE, INC. $ 14,725 SEABROOK VILLAGE, INC. $ 350 TALLGRASS CREEK, INC. $ 350 WIND CREST, INC. $ 350 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 84,000 INDIVIDUAL: JERRY SEALS ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 0 ASHBY PONDS, INC. $ 9,375 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 0 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 9,375 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 0 NATIONAL SENIOR CAMPUSES, INC. $ 0 OAK CREST VILLAGE, INC. $ 9,375 RIDERWOOD VILLAGE, INC. $ 9,375 SEABROOK VILLAGE, INC. $ 0 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 37,500 INDIVIDUAL: JAMES STARNES ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 0 ASHBY PONDS, INC. $ 0 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 0 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 0 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 0 NATIONAL SENIOR CAMPUSES, INC. $ 3,750 OAK CREST VILLAGE, INC. $ 0 RIDERWOOD VILLAGE, INC. $ 11,875 SEABROOK VILLAGE, INC. $ 0 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 15,625 INDIVIDUAL: EILEEN ERSTAD ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 0 ASHBY PONDS, INC. $ 9,375 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 0 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 9,375 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 0 NATIONAL SENIOR CAMPUSES, INC. $ 3,750 OAK CREST VILLAGE, INC. $ 9,375 RIDERWOOD VILLAGE, INC. $ 9,375 SEABROOK VILLAGE, INC. $ 0 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 41,250 INDIVIDUAL: L. CARROLL YINGLING ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 16 ASHBY PONDS, INC. $ 10,954 BROOKSBY VILLAGE, INC. $ 16 CEDAR CREST VILLAGE, INC. $ 16 EAGLE'S TRACE, INC. $ 17 FOX RUN VILLAGE, INC. $ 17 GREENSPRING VILLAGE, INC. $ 10,954 HIGHLAND SPRINGS, INC. $ 17 LINDEN PONDS, INC. $ 17 MARIS GROVE, INC. $ 17 NATIONAL SENIOR CAMPUSES, INC. $ 0 OAK CREST VILLAGE, INC. $ 10,954 RIDERWOOD VILLAGE, INC. $ 10,954 SEABROOK VILLAGE, INC. $ 17 TALLGRASS CREEK, INC. $ 17 WIND CREST, INC. $ 17 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 44,000 INDIVIDUAL: LARRY SHUBNELL ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 350 ASHBY PONDS, INC. $ 9,725 BROOKSBY VILLAGE, INC. $ 350 CEDAR CREST VILLAGE, INC. $ 350 EAGLE'S TRACE, INC. $ 350 FOX RUN VILLAGE, INC. $ 350 GREENSPRING VILLAGE, INC. $ 9,725 HIGHLAND SPRINGS, INC. $ 350 LINDEN PONDS, INC. $ 67,850 MARIS GROVE, INC. $ 350 NATIONAL SENIOR CAMPUSES, INC. $ 31,250 OAK CREST VILLAGE, INC. $ 9,725 RIDERWOOD VILLAGE, INC. $ 9,725 SEABROOK VILLAGE, INC. $ 350 TALLGRASS CREEK, INC. $ 350 WIND CREST, INC. $ 350 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $141,500 INDIVIDUAL: JACKSON BAIN ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 0 ASHBY PONDS, INC. $ 9,375 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 0 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 9,375 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 0 NATIONAL SENIOR CAMPUSES, INC. $ 3,750 OAK CREST VILLAGE, INC. $ 9,375 RIDERWOOD VILLAGE, INC. $ 9,375 SEABROOK VILLAGE, INC. $ 0 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 41,250 INDIVIDUAL: MAURICE BELLAN ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 0 ASHBY PONDS, INC. $ 9,375 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 0 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 9,375 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 0 NATIONAL SENIOR CAMPUSES, INC. $ 0 OAK CREST VILLAGE, INC. $ 9,375 RIDERWOOD VILLAGE, INC. $ 9,375 SEABROOK VILLAGE, INC. $ 0 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 37,500 INDIVIDUAL: JOANNE RORAPAUGH ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 334 ASHBY PONDS, INC. $ 14,708 BROOKSBY VILLAGE, INC. $ 334 CEDAR CREST VILLAGE, INC. $ 334 EAGLE'S TRACE, INC. $ 334 FOX RUN VILLAGE, INC. $ 334 GREENSPRING VILLAGE, INC. $ 14,708 HIGHLAND SPRINGS, INC. $ 333 LINDEN PONDS, INC. $ 333 MARIS GROVE, INC. $ 333 NATIONAL SENIOR CAMPUSES, INC. $ 0 OAK CREST VILLAGE, INC. $ 9,708 RIDERWOOD VILLAGE, INC. $ 9,708 SEABROOK VILLAGE, INC. $ 333 TALLGRASS CREEK, INC. $ 333 WIND CREST, INC. $ 333 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 52,500 FORM 990, PART VII - BOARD OF DIRECTORS HOURS PER WEEK APPROXIMATE HOURS PER WEEK, BY ENTITY NSC OCV GSV RWV ALP CCV SBV ACH MGV BBV J. ANDERS 7 2 2 2 2 0 0 0 0 0 J. SEALS 0 .4 .4 .4 .4 0 0 0 0 0 J. STARNES 1 0 0 6 0 0 0 0 0 0 E. ERSTAD 2 3 3 3 3 0 0 0 0 0 C. YINGLING 1 1 1 1 1 0 0 0 0 0 L. SHUBNELL 6 2 2 2 2 0 0 0 0 0 J. BAIN 1 1 1 1 1 0 0 0 0 0 M. BELLAN 0 .3 .3 .3 .3 0 0 0 0 0 J.RORAPAUGH 0 2 2 2 2 0 0 0 0 0 LPH FRV TCK HSD ETH WCD NSCF HCH J. ANDERS 0 0 0 0 0 0 0 2 J. SEALS 0 0 0 0 0 0 0 0 J. STARNES 0 0 0 0 0 0 0 0 E. ERSTAD 0 0 0 0 0 0 1 0 C. YINGLING 0 0 0 0 0 0 0 0 L. SHUBNELL 0 0 0 0 0 0 0 2 J. BAIN 0 0 0 0 0 0 0 0 M. BELLAN 0 0 0 0 0 0 0 0 J.RORAPAUGH 0 0 0 0 0 0 0 0 FORM 990, PART VII - OFFICERS HOURS PER WEEK JOHN HALL, CLARA PARKER, AND JAMES WALTER, ASSISTANT TREASURERS, ARE ALSO OFFICERS OF OCV, GSV, RWV, CCV, SBV, MGV, BBV, LPH, FRV, TCK, HSD, ETH, WCD, ALL OF WHICH ARE RELATED ENTITIES. THESE OFFICERS DEVOTE APPROXIMATLY .5 HOURS PER WEEK TO EACH ENTITY. SILVER OAKS CAMPUS LLC 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 522015241 OWNER OF LAND AND BUILDINGS MD 0 566243113 N/A RIDERWOOD EMS LLC 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 161748287 EMERGENCY MEDICAL TREATMENT/TRANSPORT FOR RESIDENTS MD 365948 0 N/A ASHBY PONDS INC 21170 ASHBY PONDS BLVD ASHBURN VA 20147 205609803 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 BROOKSBY VILLAGE INC 100 BROOKSBY VILLAGE DRIVE PEABODY MA 01960 522126755 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 CEDAR CREST VILLAGE INC 1 CEDAR CREST VILLAGE DRIVE POMPTON PLAINS NJ 07444 522184915 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 EAGLE'S TRACE INC 14703 EAGLE VISTA DRIVE HOUSTON TX 77077 030498683 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 FOX RUN VILLAGE INC 41000 13 MILE ROAD NOVI MI 48377 522291271 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 ANN'S CHOICE INC 10000 ANNS CHOICE WAY WARMINSTER PA 18974 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HICKORY CHASE INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 208991395 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HIGHLAND SPRINGS INC 8000 FRANKFORD ROAD DALLAS TX 75252 510536892 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 LINDEN PONDS INC 300 LINDEN PONDS WAY HINGHAM MA 02043 141849849 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 MARIS GROVE INC 100 MARIS GROVE WAY GLEN MILLS PA 19342 550878964 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 NATIONAL SENIOR CAMPUSES INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 204356247 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 NATIONAL SENIOR CAMPUSES FOUNDATION INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 030611973 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 OAK CREST VILLAGE INC 8800 WALTHER BOULEVARD PARKVILLE MD 21234 521874053 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 SEABROOK VILLAGE INC 3000 ESSEX ROAD TINTON FALLS NJ 07753 522126751 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 TALLGRASS CREEK INC 13800 METCALF AVENUE OVERLAND PARK KS 66223 870765641 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 WINDCREST INC 3235 MILL VISTA ROAD HIGHLANDS RANCH CO 80129 510549976 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 GREENSPRING VILLAGE INC 7440 SPRING VILLAGE DRIVE SPRINGFIELD VA 22150 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0