2012-11-14T10:02:12-06:00 2011-12-31 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2011-01-01 202004162 KING FARM PRESBYTERIAN RETIREMENT COMMUNITY INC KING 2404999015 701 KING FARM BLVD ROCKVILLE MD 20850 YORAM TANAY 2404999015 2012-11-14 1 JULIUS GREEN CPA P00350393 2159720701 2011 2016-02-24 21:20:13Z INGLESIDE AT KING FARM YORAM TANAY 701 KING FARM BLVD ROCKVILLE MD 20850 185490660 0 X WWW.INGLESIDEATKINGFARM.ORG X 2004 MD PROVIDE QUALITY CONTINUING CARE SERVICES TO OLDER ADULTS IN A PRESBYTERIAN-AFFILIATED ORGANIZATION. 14 14 240 28 0 0 0 0 12291317 12550019 159881 72359 0 289707 12451198 12912085 0 0 0 0 5390736 6110654 0 0 0 22459003 17790659 27849739 23901313 -15398541 -10989228 201212564 191109500 217945839 222657717 -16733275 -31548217 X WESTMINSTER INGLESIDE WILL EXCEL IN PROVIDING DISTINCTIVE AND SUSTAINABLE RESIDENTIAL SETTINGS WHERE ACTIVE SENIORS LIVE IN VIBRANT, CARING, AND SPIRITUALLY RICH COMMUNITIES, AND WHERE THEY CAN RELY ON CONTINUING WELLNESS AND HEALTHCARE SERVICES FOR THEMSELVES AND THEIR NEIGHBORS. 0 0 21492610 12550019 INGLESIDE AT KING FARM (IKF) IS A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN ROCKVILLE, MARYLAND JUST NORTH OF WASHINGTON, DC. AS SUCH, IKF OFFERS THREE LEVELS OF CARE TO SENIORS OVER THE AGE OF 65 WHO ARE RESIDENTS OF: INDEPENDENT LIVING, ASSISTED LIVING, OR COMPREHENSIVE CARE ALL OF WHICH ARE LICENSED AND REGULATED BY THE STATE OF MARYLAND. IKF PROVIDES 24 HOUR EMERGENCY SUPPORT TO ALL RESIDENTS. FOR THOSE WHO LIVE IN INDEPENDENT LIVING A 24 HOUR, 7 DAY A WEEK CONCIERGE CALLS 911 FOR EMERGENCY SERVICE. FOR ASSISTED LIVING AND COMPREHENSIVE CARE 24 HOUR EMERGENCY CARE IS PROVIDED. IKF ENRICHES THE LIVES OF ALL RESIDENTS THROUGH THE LIFE-ENRICHMENT PROGRAMMING PERFORMED DAILY. OVER 4,000 PROGRAMS WERE HELD IN 2011. THE PROGRAMMING FOCUSES ON WELLNESS WHICH IS A STATE OF WELL-BEING THAT IS DIRECTED TOWARD ACHIEVING AND MAXIMIZING INDIVIDUAL POTENTIAL EVEN AS PEOPLE AGE-IN-PLACE. WELLNESS CAN ALSO BE CHARACTERIZED IN SIX DIMENSIONS: PHYSICAL, INTELLECTUAL, EMOTIONAL, SOCIAL, SPIRITUAL, AND ENVIRONMENTAL. THE FOLLOWING IS APPLICABLE TO ALL THREE LEVELS OF CARE. THERE ARE DEDICATED LIFE ENRICHMENT PERSONNEL FOR ASSISTED LIVING AND COMPREHENSIVE CARE BUT THEY ALSO PARTICIPATE IN ACTIVITIES TARGETED TO INDEPENDENT LIVING RESIDENTS WHEN APPROPRIATE.THE PHYSICAL ASPECT OF WELLNESS CENTERS ON GETTING REGULAR EXERCISE, MAINTAINING GOOD NUTRITION, AND AVOIDING RISKY BEHAVIORS. IKF PROMOTES PHYSICAL WELLBEING THROUGH REGULAR EXERCISE AND STRETCHING PROGRAMS AND HAVING A PERSONAL TRAINER ON HAND TO GIVE RESIDENTS INDIVIDUAL ATTENTION. A POOL AND SWIMMING INSTRUCTION IS ALSO AVAILABLE TO RESIDENTS AS A MEANS OF HELPING THEM STAY PHYSICALLY ADEPT. IN ADDITION, IKF USES THE SERVICES OF A NUTRITIONIST TO CONSULT WITH RESIDENTS. IKF ENCOURAGES INTELLECTUAL WELLNESS FOR RESIDENTS BY OFFERING CONVERSATIONS ON CURRENT EVENTS, OPPORTUNITIES TO LISTEN TO SPEAKERS ON A WIDE VARIETY OF SUBJECTS AND A CHANCE TO PARTICIPATE IN THE RESIDENT COUNCIL AND COMMITTEES (FINANCE, BUILDING AND GROUNDS, CULTURAL ARTS, DINING, QUALITY OF LIFE AND CARE, ETC.). FOR THOSE WHO ARE EXPERIENCING MEMORY LOSS, IKF HAS A DEDICATED STAFF PERSON TO DESIGN AND LEAD SPECIAL ACTIVITIES TO INVIGORATE THE MIND. EMOTIONAL WELLNESS INCORPORATES THE CONCEPT OF BELIEVING IN ONESELF, HAVING THE ABILITY TO COPE AND ADJUST TO CHALLENGES IN A HEALTHY WAY, ENJOYING LIFE AND STAYING OPTIMISTIC. IKF PROMOTES EMOTIONAL WELLNESS BY ENGAGING RESIDENTS IN DECISION MAKING PROCESSES WHEN APPROPRIATE, CELEBRATING THEIR LIFETIME MILESTONES AND PROVIDING A WIDE VARIETY OF ACTIVITIES THAT APPEAL TO DIVERSE PEOPLE. A COUPLE EXAMPLES OF THIS INCLUDE WHEN A RESIDENT DECIDED THAT HE WANTED TO INITIATE A "YINGLISH" STUDY GROUP, THE MEMBERS OF WHICH WOULD STUDY THE INFLUENCE OF YIDDISH ON ENGLISH. TODAY THERE ARE 20 RESIDENTS WHO MEET REGULARLY TO PURSUE THIS INTEREST. ANOTHER EXAMPLE IS WHEN A RESIDENT DECIDED THAT IT WOULD BE A GOOD IDEA TO SURVEY THE RESIDENTS QUARTERLY ON SUBJECTS, LIKE DINING, HOUSEKEEPING AND MAINTENANCE. THE ENTIRE ORGANIZATION IS NOW INVOLVED IN THE PARTNERSHIP FOR EXCELLENCE AS THE GROUP CAME TO BE CALLED. VOLUNTEERISM IS JUST PART OF THE CULTURE AT IKF. MEMBERS AND STAFF COLLABORATE TO SHARE THEIR TALENTS TO BENEFIT EVERYONE. CONTINUING CARE RETIREMENT COMMUNITIES (CCRCS) ARE BY THEIR VERY NATURE SOCIAL ENTITIES ENABLING RELATIONSHIP DEVELOPMENT. TRADITIONALLY PEOPLE WHO AGE IN CCRCS LIVE LONGER THAN THOSE WHO DON'T LARGELY BECAUSE OF THE SOCIAL ENVIRONMENT. RESIDENTS DINE TOGETHER, ATTEND EVENTS AND ACTIVITIES TOGETHER, AND OCCUPY THE SAME COMMON AREAS-THEY ARE NOT ISOLATED AS THEY WOULD BE IF THEY LIVED ALONE. SOCIALS AND HAPPY HOURS ARE IMPORTANT ACTIVITIES AS IS THE OUTREACH OF THE WELCOMING COMMITTEE WHEN SOMEONE NEW MOVES TO IKF. PEOPLE COME FROM DIVERSE BACKGROUNDS WITH A WIDE VARIETY OF BELIEFS AND IDEAS AND FEEL FREE TO SHARE THEM WITH OTHERS.THERE ARE MANY DIMENSIONS TO SPIRITUAL WELL-BEING AND IKF HONORS ALL OF THEM. WE HAVE PROTESTANT, CATHOLIC, AND JEWISH SERVICES OFFERED REGULARLY. WE HAVE A SPIRITUAL LIFE COMMITTEE OF MEMBERS LED BY THE IKF CHAPLAIN WHO LOOK AT WAYS TO HELP PEOPLE FIND PURPOSE AND MEANING IN THEIR LIVES, FURTHER DEFINE THEIR VALUES AND BELIEFS AND FEED THEIR SOULS. WE OFFER DANCE, TAI CHI, CHORUS AND A VARIETY OF ACTIVITIES THAT AWAKEN THE SPIRITUAL SIDE OF IKF RESIDENTS.FROM AN ENVIRONMENTAL WELLNESS PERSPECTIVE IKF IS A LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN (LEED) (GREEN) CERTIFIED BUILDING. RESIDENTS RECYCLE AND IKF HAS RECEIVED RECYCLING AWARDS FROM THE COUNTY. THE BUILDING IS ALSO BEAUTIFUL PROVIDING RESIDENTS WITH A CALM AND RELAXING ENVIRONMENT IN WHICH TO LIVE. IKF ALSO PROVIDES HEALTH CARE IN OUR ASSISTED LIVING AND COMPREHENSIVE CARE (CC) DEPARTMENTS. RESIDENTS WHO RETURN FROM HAVING SURGERY OR WHOSE HEALTH IS DECLINING OFTEN NEED ADDITIONAL CARE AND SO TRANSFER TO ONE OF THOSE HIGHER LEVELS OF CARE. 24 HOUR SKILLED NURSING IS A SERVICE OF CC AND HELP WITH ACTIVITIES OF DAILY LIVING IS PROVIDED IN ASSISTED LIVING. INTEGRATING ACTIVITIES ACROSS IKF REGARDLESS OF THE LEVEL OF CARE IS IMPORTANT FOR ALL AS A WAY OF ESTABLISHING A SENSE OF COMMUNITY, A FEELING OF BELONGING, AND AN EXPERIENCE OF LOVE AND CARE. A WELLNESS CENTER IS STAFFED TO PROVIDE RESIDENTS WITH THE SERVICES OF AN ON-SITE NURSE, PHYSICIAN, AND NURSE PRACTITIONER. A REHABILITATION COMPANY PARTNERS WITH IKF IN THE PROVISION OF THOSE SERVICES. THE NURSE PROVIDES MONTHLY HEALTH EDUCATION TO ALL RESIDENTS. IN ADDITION, A PODIATRIST, OPTOMETRIST, AND DERMATOLOGIST COME REGULARLY TO SEE RESIDENTS. FROM A BENEVOLENT FINANCIAL PERSPECTIVE, IF A RESIDENT THROUGH NO FAULT OF HIS OR HER OWN SHOULD RUN OUT OF RESOURCES TO PROVIDE FOR THEIR CARE, IKF HAS A RESIDENT SUPPORTING FUND THAT IS USED TO SUPPLEMENT WHATEVER CONTRIBUTION THE RESIDENT OR FAMILY MEMBERS CAN PROVIDE. AS YOU CAN SEE THE RESIDENTS OF IKF BENEFIT FROM ALL THE SERVICES AND OPPORTUNITIES PROVIDED TO THEM AS THEY AGE-IN-PLACE DURING THEIR GOLDEN YEARS. THIS ALLOWS THEM TO HAVE A CAREFREE LIFESTYLE, INSPIRED BY CHOICE. THE CORPORATION PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS PATIENT FINANCIAL ASSISTANCE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. BECAUSE THE CORPORATION DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THEY ARE NOT REPORTED AS PATIENT SERVICE REVENUES. THE CORPORATION PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS PATIENT FINANCIAL ASSISTANCE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. BECAUSE THE CORPORATION DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THEY ARE NOT REPORTED AS PATIENT SERVICE REVENUES. 21492610 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 41 0 1 240 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X BRIAN AMTMANN CONTROLLER 2023638310 5121 BROAD BRANCH RD NW WASHINGTON DC 20008 X DALE CLARK 1.00 X 0 0 0 MORGAN DOOLITTLE III 1.00 X 0 0 0 ROY ENGLERT 0.50 X 0 0 0 ROBERT FRI 6.00 X X 0 0 0 MICHAEL KELLY 0.50 X 0 0 0 SCOTT LEACHMAN 0.50 X 0 0 0 BRUCE MACLAURY 1.00 X X 0 0 0 LAURENCE GARUFI 3.00 X 0 0 0 SHELLEY JENNINGS 3.00 X 0 0 0 KARL MATTISON 1.00 X X 0 0 0 CHARLES PETTY 0.50 X 0 0 0 RICHARD RIEGEL 1.00 X 0 0 0 JOAN SHARKEY 0.50 X X 0 0 0 TERRY WILLIAMS 1.00 X 0 0 0 LYNN O'CONNOR 20.00 X 0 322031 23079 YORAM TANAY 12.00 X 118901 102938 0 MARILYN LEIST 60.00 X 138885 0 4945 MEGAN BAKER 15.00 X 108375 0 16490 MONIQUE ELIEZER 40.00 X 108128 0 8993 EMMALYN DUBRULE 31.00 X 0 100773 4595 BRIAN AMTMANN 15.00 X 0 111601 17720 ROBERT BELL 0.00 X 151256 0 15147 625545 637343 90969 5 1 1 0 MORRISON MANAGEMENT SPECIALISTS PO BOX 102289 ATLANTA GA 30268 FOOD MANAGEMENT 1365902 FLAGSHIP REHABILITATION 157 BALTIMORE STREET CUMBERLAND MD 21502 PHYSICAL, OCCUPATIONAL, SPEECH THERAPY 366090 MARTINO AND BINZER 270 FARMINGTON AVENUE STE 128 FARMINGTON CT 06032 MARKETING 162576 HOLLAND & KNIGHT LLP 1600 TYSONS BLVD STE 700 TYSONS CORNER VA 22102 LEGAL SVC. 128096 YORAM TANAY CONSULTING 3050 MILITARY ROAD WASHINGTON DC 20015 FINANCE 118901 5 RESIDENT REVENUE 623000 12550019 12550019 12550019 75616 75616 172575318 172578575 -3257 -3257 -3257 BEAUTY/BARBER SHOP INC 623000 59541 59541 RESIDENT UPGRADES 623000 51297 51297 CATERING, CAFE AND DEL 623000 50486 50486 128383 128383 289707 12912085 12550019 0 362066 118901 92209 26692 166403 166403 4811050 4220216 590834 30230 21810 8420 476037 375095 100942 508033 459700 48333 409519 409519 165853 165853 78789 78789 846 846 5 5 971351 753291 218060 484710 484590 120 376004 249010 126994 44393 4541 39852 6012431 6012431 10424 8372 2052 35110 10330 24780 7352583 7352583 137500 14579 122921 FOOD EXPENSE 854423 854423 THERAPY EXPENSE 350313 350313 LICENSE, FEES, DUES, SU 164152 9865 154287 MEDICAL SUPPLIES 162243 162243 180010 57009 123001 23901313 21492610 2408703 0 2000 400 11156328 2404941 1324241 7498089 39900 299983 165869736 16957259 155274428 148912477 25134680 24743064 1940756 1429493 6340231 5821053 201212564 191109500 4527741 2962575 361585 1854220 97700000 73640000 115356513 144200922 217945839 222657717 X -16733275 -31595451 47234 -16733275 -31548217 201212564 191109500 X -10989228 -3825714 X X 0 1 1 X 0 X 5321898 12291317 12550019 30163234 286594 286594 5321898 12291317 12836613 30449828 0 0 0 30449828 660574 156905 75616 893095 660574 156905 75616 893095 3114 3114 5982472 12448222 12915343 31346037 0.97140 0.95560 0.02850 0.04440 X 0 0 0 0 0 0 0 0 1 846 846 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE FILING ORGANIZATION IS A MEMBER OF VARIOUS ORGANIZATIONS THAT SUPPORT SENIOR LIVING COMMUNITIES. A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS IS ALLOCATED TO LOBBYING EXPENSES. 23143822 23143822 129026102 13300971 115725131 13127624 3656288 9471336 572188 572188 148912477 PRIORITY LIST DEPOSITS 634290 REFUNDABLE ENTRANCE FEES 143566632 144200922 12912085 23901313 -10989228 28384 -3854098 -3825714 -14814942 12987698 28384 47234 75618 12912080 5 5 12912085 23901308 0 23901308 5 5 23901313 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2011. THE CORPORATION'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2010, 2009, AND 2008 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 8 - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENT DUE TO CHANGE IN ACCOUNTING METHOD -3,901,332. INCREASE IN INTEREST IN NET ASSETS OF FOUNDATION 47,234. TOTAL TO SCHEDULE D, PART XI, LINE 8: -3,854,098. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN INTEREST IN NET ASSETS OF FOUNDATION 47,234. X X 1 0 X X X X 1 0 0 0 0 0 0 1 0 LYNN O'CONNOR 0 285001 0 36625 0 405 0 21267 0 1812 0 345110 0 0 YORAM TANAY 118901 102938 0 0 0 0 0 0 0 0 118901 102938 0 0 ROBERT BELL 101256 0 0 0 50000 0 0 0 15147 0 166403 0 0 0 PART I, LINE 1A ROBERT BELL, THE FORMER PRESIDENT AND CEO, RESIDED IN A RESIDENCE ON A "RENT-FREE" BASIS THROUGH MAY 2011. THE FAIR MARKET VALUE OF THE RENTAL PAYMENTS TOTALED $10,000. MR. BELL IS A CHAPLAIN AND HIS HOUSING WAS EXCLUDED FROM TAXATION UNDER CLERGY RULES. ALL PAYMENTS WERE BASED ON THE SEPARATION AGREEMENT BETWEEN THE ORGANIZATION AND MR. BELL. SUBSEQUENT TO MAY 2011, MR. BELL BEGAN PAYING RENT OF $2,000 PER MONTH. PART I, LINE 1B ALL PAYMENTS ARE MADE PURSUANT TO MR. BELL'S SEPARATION AGREEMENT AND DO NOT REQUIRE ADDITIONAL SUBSTANTIATION. PART I, LINE 4A ROBERT BELL, FORMER PRESIDENT AND CEO, RECEIVED A SEVERANCE PAYMENT IN 2011 TOTALING $166,403. ALL PAYMENTS EXCLUDING HIS NON-TAXABLE HOUSING ALLOWANCE WERE INCLUDED IN TAXABLE INCOME. PART I, LINE 7 LYNN O'CONNOR, THE PRESIDENT AND CEO, RECEIVED A BONUS AT THE DISCRETION OF THE BOARD OF DIRECTORS. THE BONUS WAS BASED ON SET GOALS SUCH AS THE COMMUNITIES ACHIEVING THEIR BOND COVENANTS. MARYLAND STATE HEALTH HIGHER EDUCATION FACILITIES AUTHORITY 520936091 574217C45 2007-01-11 174417700 FACILITY CONSTRUCTION 0 0 0 103000000 174417700 6266039 19836337 3348207 14426799 105032637 25312705 194976 2009 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 X SCHEDULE K, PART II, LINE 16 FINAL ALLOCATION OF PROCEEDS: THE ORGANIZATION IS CURRENTLY IN ARBITRATION CONCERNING CERTAIN CONSTRUCTION COSTS. THE ORGANIZATION HASN'T EXPENDED ALL FUNDS BECAUSE THE ORGANIZATION CANNOT YET RECEIVE THEIR COMPLETION CERTIFICATE FROM THE STATE. FORM 990, PART VI, SECTION B, LINE 11 THE INITIAL REVIEW IS PERFORMED BY THE PRESIDENT, CHIEF FINANCIAL OFFICER, AND CONTROLLER. ONCE THE MANAGEMENT TEAM APPROVES THE DRAFT, ALL BOARD MEMBERS RECEIVE A COPY OF THE RETURN FOR REVIEW. BOARD MEMBERS MAY DISCUSS CORRECTIONS, REVISIONS, AND QUESTIONS WITH MANAGEMENT. SUBSEQUENT TO BOARD REVIEW THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY STATES THAT DIRECTORS, OFFICERS, AND ALL EMPLOYEES ANNUALLY, OR AT ANY TIME THAT A SITUATION ARISES, DECLARE CONFLICTS OF INTEREST. NOT ONLY ACTUAL CONFLICTS BUT TRANSACTIONS FROM WHICH A CONFLICT MAY APPEAR TO EXIST ARE TO BE DISCLOSED TO THE BOARD CHAIR OR THE FOUNDATION DIRECTOR. THE BOARD CHAIRMAN, DIRECTOR, AND PRESIDENT/CEO OF THE ORGANIZATION MONITOR CONFLICT DISCLOSURES. ANY DIRECTOR OR OFFICER FOR WHICH A CONFLICT MAY BE INVOLVED IS EXPECTED TO REMAIN REMOVED FROM ANY DISCUSSIONS OR DECISION-MAKING RELATED TO THE CONFLICT. BUSINESS AND FAMILY RELATIONSHIPS ARE SPECIFICALLY MENTIONED IN THE CONFLICT OF INTEREST STATEMENT AS PART OF THE DUE DILIGENCE THE ORGANIZATION FOLLOWS TO ENSURE CONFLICTS ARE HANDLED IN AN ETHICAL MANNER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD EXECUTIVE COMMITTEE SERVING AS THE COMPENSATION COMMITTEE FOLLOWS COMPENSATION BEST PRACTICE PROCESSES TO EVALUATE AND COMPENSATE THE PRESIDENT/CEO. THE PROCESSES INCLUDE THE FOLLOWING: THE BOARD EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND USES TWO SALARY SURVEYS TO ESTABLISH COMPENSATION WITHIN FAIR VALUE RANGE. ONE SURVEY PROVIDES INFORMATION ON AN INDUSTRY-WIDE BASIS AND THE OTHER PROVIDES COMPARABLES FOR THE DC METROPOLITAN AREA. THE RESULTS OF THE COMPENSATION SURVEY PROVIDE ADDITIONAL BENCHMARKING INFORMATION TO ESTABLISH THE COMPENSATION PACKAGE FOR THE PRESIDENT/CEO. THE BOARD EXECUTIVE COMMITTEE OPERATING AS THE COMPENSATION COMMITTEE APPROVES THE PRESIDENT/CEO'S COMPENSATION, WHICH THEN GOES TO THE BOARD OF DIRECTORS FOR APPROVAL. THE PRESIDENT/CEO ALSO HAS A WRITTEN EMPLOYMENT CONTRACT. SIMILAR PROCEDURES ARE ESTABLISHED FOR OTHER KEY EMPLOYEES AS WELL. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATIONS' GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE KEPT IN THE LIBRARIES AT EACH COMMUNITY. THEY ARE ALSO AVAILABLE UPON REQUEST. HOURS WORKED FOR RELATED ORGANIZATIONS: FORM 990, PART VII, COLUMN B OFFICERS AND KEY FINANCIAL PERSONNEL DEVOTE THEIR TIME TO EACH ORGANIZATION WITHIN THE GROUP OF ENTITIES KNOWN AS WESTMINSTER INGLESIDE PRESBYTERIAN COMMUNITIES. EACH OF THE OFFICERS LISTED BELOW DEVOTES 2 HOURS PER WEEK TO THE WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION. THEY ALSO WORK AT THE THREE COMMUNITIES AS FOLLOWS: WESTMINSTER PRESBYTERIAN RETIREMENT COMMUNITY (LAKE RIDGE) INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY (ROCK CREEK) KING FARM PRESBYTERIAN RETIREMENT COMMUNITY LYNN O'CONNOR, PRESIDENT/CEO 20 HOURS PER WEEK YORAM TANAY, CFO 12 HOURS PER WEEK BRIAN AMTMANN, CONTROLLER 15 HOURS PER WEEK ADDITIONALLY THE FOLLOWING TWO HIGHLY COMPENSATED EMPLOYEES DEVOTE THEIR TIME TO THE AFORE-REFERENCED COMMUNITIES: MEGAN BAKER, DIR. A/R & BILLING 15 HOURS PER WEEK, EACH COMMUNITY EMMALYN DUBRULE, HR DIRECTOR 8 HRS PER WEEK, KING FARM/LAKE RIDGE 32 HRS PER WEEK, ROCK CREEK CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 28,384. PRIOR PERIOD ADJUSTMENT DUE TO CHANGE IN ACCOUNTING METHOD -3,901,332. INCREASE IN INTEREST IN NET ASSETS OF FOUNDATION 47,234. TOTAL TO FORM 990, PART XI, LINE 5: -3,825,714. AUDIT OVERSIGHT: FORM 990, PAGE 12, PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS SELECTS THE AUDITORS. THE AUDITORS REPORT TO THE AUDIT COMMITTEE UPON COMPLETION OF THE AUDIT ANY FINDINGS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY 3050 MILITARY ROAD WASHINGTON DC 20015 530128590 RESIDENTIAL HEALTH CARE DC 501(C)(3) LINE 9 N/A 0 WESTMINSTER PRESBYTERIAN RETIREMENT COMMUNITY 12191 CLIPPER DRIVE LAKE RIDGE VA 22192 530128590 RESIDENTIAL HEALTH CARE VA 501(C)(3) LINE 9 N/A 0 WESTMINSTER INGLESIDE FOUNDATION 3050 MILITARY ROAD WASHINGTON DC 20015 541949766 PROVIDES SUPPORT TO RELATED ORGANIZATIONS DC 501(C)(3) LINE 11A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1