2012-08-23T10:04:14-05:00 2011-12-31 593070669 MOORE STEPHENS LOVELACE PA 1201 S ORLANDO AVENUE SUITE 400 WINTER PARK FL 32789 990 2011-01-01 311671731 SKIDAWAY HEALTH AND LIVING SERVICES INC SKID 9125983601 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 THOMAS L CURLESS 9125983601 2012-08-23 1 KURT A ALTER CPA P00059492 4077405400 2011 2016-02-24 21:20:13Z THOMAS L CURLESS 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 14345239 0 X WWW.MARSHESOFSKIDAWAY.ORG X 1999 GA THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY BASED NON-PROFIT ORGANIZATION COMMITTED TO SERVING SENIORS WITH A DIVERSITY OF NEEDS. AS RESPONSIBLE STEWARDS, OUR MISSION IS TO MAINTAIN THE HIGHEST STANDARDS OF FACILITIES AND CARE. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO ENSURE RESIDENTS ARE PROVIDED WITH OPPORTUNITIES TO REACH THEIR HIGHEST POTENTIAL OF LIFE. 12 12 299 0 0 0 5630 0 13722420 14337442 18241 7797 0 0 13746291 14345239 0 0 0 0 4730800 5074724 0 0 0 10949872 10992651 15680672 16067375 -1934381 -1722136 90339358 89344794 114058793 114786365 -23719435 -25441571 X THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY BASED NON-PROFIT ORGANIZATION COMMITTED TO SERVING SENIORS WITH A DIVERSITY OF NEEDS. AS RESPONSIBLE STEWARDS, OUR MISSION IS TO MAINTAIN THE HIGHEST STANDARDS OF FACILITIES AND CARE. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO ENSURE RESIDENTS ARE PROVIDED WITH OPPORTUNITIES TO REACH THEIR HIGHEST POTENTIAL OF LIFE. 0 0 8510291 9757172 THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY ("CCRC") OPERATING UNDER THE NAME "THE MARSHES OF SKIDAWAY ISLAND" (THE "COMMUNITY") AND OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO OCCUPANCY AGREEMENTS THAT REQUIRE PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THE COMMUNITY INCLUDES 182 INDEPENDENT LIVING UNITS, 172 OF WHICH WERE OCCUPIED AS OF DECEMBER 31, 2011. 3157796 3620459 THE COMMUNITY'S SKILLED NURSING FACILITY OFFERS 24-HOUR NURSING SERVICES VIA 28 SKILLED NURSING CARE BEDS. 639123 732764 THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO RESIDENTS OF 16 ASSISTED LIVING UNITS. 198033 227047 OTHER SERVICES INCLUDE FOOD SERVICE, IN-HOME HEALTH CARE AND MEMORY CARE. 198033 227047 12505243 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 299 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X LORNA CARSWELL 9125985030 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 WILLIAM E CRAIG 0.50 X X 0 0 0 JOHN C KANE 0.50 X X 0 0 0 DOROTHY W COURINGTON II 0.50 X X 0 0 0 THOMAS L CURLESS 0.50 X X 0 0 0 LISA BIRCH 0.50 X 0 0 0 STEWART BROMLEY CPA CFP 0.50 X 0 0 0 ROBERT DIBENEDETTO MD 0.50 X 0 0 0 WILLIAM G FOSTER SR 0.50 X 0 0 0 KEITH DIAMOND MD 0.50 X 0 0 0 JANET K KUHN EDD RN 0.50 X 0 0 0 JAMES K EMERY 0.50 X 0 0 0 LEEANN W ALDRIDGE 0.50 X 0 0 0 AMANDA ELLIOTT 40.00 X 0 0 0 LORNA CARSWELL 40.00 X 70015 0 7607 70015 0 7607 0 0 0 0 LIFE CARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT FEES 634333 HERITAGE HEALTHCARE 536 OLD HOWELL RD GREENVILLE SC 29615 THERAPY CONTRACTOR 508150 COASTAL FLOOR COVERING 8011 OGEECHE ROAD SAVANNAH GA 31419 CONSTRUCTION 171649 TIDEWATER LANDSCAPE MANAGEMENT PO BOX 7571 GARDEN CITY GA 31418 LANDSCAPING 120568 ZILLNER MARKETING COMMUNICATIONS INC 8725 ROSEFIELD RD SUITE 200 LENEXA KS 66215 ADVERTISING 120171 6 MONTHLY SERVICE FEES 623000 7922458 7922458 SKILLED NURSING FACILI 623000 3574936 3574936 EARNED ENTRANCE FEES 623000 2613001 2613001 FOOD SERVICE 623000 173396 173396 53651 53651 14337442 7797 7797 14345239 14337442 0 7797 77622 77622 4362409 3626825 735584 15032 12278 2754 301568 246321 55247 318093 269547 48546 621130 621130 1419 1419 50250 50250 119335 18888 100447 229087 229087 526711 405537 121174 1029561 840994 188567 52302 27986 24316 11285 11285 3272465 2673102 599363 2969711 2425799 543912 798797 647368 151429 NURSING AND ANCILLARY 677965 677965 FOOD SERVICE 589108 589108 BAD DEBTS 43525 43525 16067375 12505243 3562132 0 293492 231851 1494434 2778312 1952633 1765687 85169 86883 181473 182936 88478254 15374633 74696203 73103621 8372350 8350402 480670 446325 2782934 2398777 90339358 89344794 5072461 5313657 60324191 61375370 43741835 43162807 600000 635000 4320306 4299531 114058793 114786365 X -23719435 -25441571 -23719435 -25441571 90339358 89344794 -1722136 0 X X 0 1 1 X 0 X 5630 5630 10085019 11381728 12687952 13722420 14337442 62214561 10085019 11381728 12687952 13728050 14337442 62220191 0 0 0 62220191 265069 99543 9298 17268 7797 398975 265069 99543 9298 17268 7797 398975 502705 502705 10852793 11481271 12697250 13745318 14345239 63121871 0.98570 0.97300 0.00630 0.01800 X 3400000 3400000 82781145 14093778 68687367 2219132 1268868 950264 77977 11987 65990 73103621 MONEY MARKET 8350402 F 8350402 ACCRUED INTEREST 3805348 DEPOSITS 494183 4299531 14345239 16067375 -1722136 -1722136 14345239 0 14345239 0 14345239 16067375 0 16067375 0 16067375 SAVANNAH ECON DEV AUTH FIXED RATE FIRST MORT BONDS SERIES 2003A 586001588 80483CDM0 2003-11-19 33375000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 SAVANNAH ECON DEV AUTH ADJ RATE FIRST MORT BONDS SERIES 2003B 586001588 80483CDN8 2003-11-19 6000000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 SAVANNAH ECON DEV AUTH SUBORDINATE REV BONDS SERIES 2003D 586001588 80483CDQ1 2003-11-19 5230000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 SAVANNAH ECON DEV AUTH JR SUBORDINATE REV BONDS SERIES 2003E 586001588 80483CDR9 2003-11-19 1900000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 600000 32813370 3494870 28718500 2006 0 0 1 1 6000000 6000000 2006 0 0 1 1 5230000 5230000 2006 0 0 1 1 1900000 1900000 2006 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE K, PART I, LINE A, COL (C) SAVANNAH ECON. DEV. AUTH. FIXED RATE FIRST MORT. BONDS, SERIES 2003A THE CUSIP NUMBERS FOR THE SAVANNAH ECONOMIC DEVEVELOPMENT AUTHORITY FIXED RATE FIRST MORTGAGE BONDS, SERIES 2003A ARE AS FOLLOWS: 80483CDH1 (MATURITY DATE: 1/1/09) 80483CDJ7 (MATURITY DATE: 1/1/19) 80483CDK4 (MATURITY DATE: 1/1/24) 80483CDL2 (MATURITY DATE: 1/1/12) 80483CDM0 (MATURITY DATE: 1/1/34) SCHEDULE K, PART II, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE: THE TOTAL PROCEEDS FOR SERIES 2003A BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS A UNDERWRITERS DISCOUNT OF $561,630. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A MANAGEMENT COMPANY, LIFE CARE SERVICES LLC (LCS), TO MANAGE THE DAY-TO-DAY OPERATIONS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES, DIRECTIVES, AND GOALS. THE EXECUTIVE DIRECTOR OF THE HEALTH CARE CENTER IS A LCS EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN ITS ENTIRETY BY THE FINANCE COMMITTEE AND THE EXECUTIVE DIRECTOR BEFORE IT IS FILED WITH THE IRS. A COPY OF THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHENEVER A CONFLICT IS IDENTIFIED THROUGH THE ANNUAL DISCLOSURE PROCESS. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS RESTS IN THEIR DISCRETION, AND THEIR CONCERN IS THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD OR HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, #15A: THE ORGANIZATION USES AN INDEPENDENT MANAGEMENT COMPANY AND DOES NOT DIRECTLY PAY COMPENSATION TO THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS, OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND FOR REVIEW IN ITS OFFICE. OVERSIGHT OF AUDIT FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.