2011-03-12T15:17:34-06:00 2010-06-30 PARENTEBEARD LLC 1869 CHARTER LANE STE 301 LANCASTER PA 17601 990 2009-07-01 521381348 ANNAPOLIS LIFE CARE INC ANNA 4102667300 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 DR EDGAR MALLICK 4102667300 2011-03-02 1 Michael S Frey 7173935696 2009 2016-02-24 21:20:13Z DR EDGAR MALLICK 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 69222857 0 X WWW.GINGERCOVE.COM X 1988 MD TO OWN AND OPERATE A CONTINUING CARE COMMUNITY FOR PERSONS OVER THE AGE OF 60. 15 15 315 25 -11481 -11481 720 57860 16765644 17558473 -248636 459254 142635 146041 16660363 18221628 23242 0 8775099 9015594 0 0 8116375 10717966 16891474 19756802 -231111 -1535174 100474947 100914032 100899359 103424766 -424412 -2510734 OUR VISION - A PREMIER LIFE-CARE COMMUNITY COMMITTED TO QUALITY.OUR MISSION - TO PROVIDE RESIDENTS AN ABUNDANT LIFE.OUR VALUES - RESIDENT INDEPENDENCE, DIGNITY, SECURITY, STAFF EXCELLENCE, BUSINESS INTEGRITY, AND FISCAL PRUDENCE. 0 0 13354351 23242 13701080 INDEPENDENT LIVING: THE ORGANIZATION PROVIDES HOUSING, HEALTH CARE, AND RECREATIONAL ACTIVITIES FOR SENIOR CITIZENS WHO ARE STILL ABLE TO MAINTAIN AN ACTIVE LIFESTYLE. THERE WERE 243 INDEPENDENT LIVING UNITS AVAILABLE WITH AN AVERAGE OCCUPANCY RATE OF 95.25%. 1517625 0 1559743 ASSISTED LIVING: THIS PROGRAM IS FOR SENIOR CITIZENS WHO MAY NEED ADDITIONAL HELP TO MAINTAIN A HEALTHY LIFESTYLE BUT WHO DO NOT REQUIRE SKILLED NURSING. THE ORGANIZATION HAS A 30 BED ASSISTED LIVING COMPLEX WHICH PROVIDED A TOTAL OF 6,983 LIFE CARE DAYS. 2141814 0 2297650 NURSING: THE ORGANIZATION HAS A 61 BED COMPREHENSIVE CARE COMMUNITY HEALTH CENTER FOR RESIDENTS WHO REQUIRE A HIGH LEVEL OF SKILLED NURSING ASSISTANCE. TEMPORARY AND PERMANENT CARE DAYS TOTALED 13,513. 17013790 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 82 0 1 315 1 1 1 0 0 0 0 0 0 0 0 15 15 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X Mr Tim Elliott CFO 4102667300 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 DR RAYMOND HERZINGER 5.00 X X 0 0 0 MR JAMES K DON 5.00 X X 0 0 0 ADM CARLISLE AH TROST 5.00 X X 0 0 0 MR JEFFREY W FERGUSON 5.00 X X 0 0 0 BETSY COCKRILL BANNAT 2.00 X 0 0 0 MR DWIGHT BARTLETT III 2.00 X 0 0 0 SARAH ANN M DONNELLY 2.00 X 0 0 0 MR FREDERICK GREGORY 2.00 X 0 0 0 CAPT JOHN HENDERSON 2.00 X 0 0 0 MR ROBERT M HOYT 2.00 X 0 0 0 ADM CHARLES R LARSON 5.00 X 0 0 0 VALENTINE F LYNCH 5.00 X 0 0 0 MS JEANNE LUNDQUIST 5.00 X 0 0 0 MS LUCY MELVIN 5.00 X 0 0 0 MRS PATRICIA S MCMANUS 5.00 X 0 0 0 DR EDGAR MALLICK 40.00 X 153191 0 17346 MS DENISE BERT-HALL 40.00 X 104651 0 3186 MS WENDY FERRIS 40.00 X 119718 0 9068 377560 0 29600 3 0 1 0 SELECT REHABILITATION 35338 EAGLE WAY CHICAGO IL 60678 THERAPY SERVICES 475820 WF HAISLIP JR CONSTRUCTION COMPANY 807 GOVERNORS BRIDGE ROAD DAVIDSONVILLE MD 21035 CONSTRUCTION 455910 MILES & STOCKBRIDGE 10 LIGHT STREET BALTIMORE MD 21202 LAWYERS 276479 AJ GALLAGHER RISK MANAGEMENT SERVICES 5229 PAYSPHERE CIRCLE CHICAGO IL 60674 INSURANCE BROKER & RISK MANAGEMENT 270349 LIFE CARE SERVICES LLC 400 LOCUST STREET SUITE 820 DES MOINES IA 50309 ACCOUNTING IT SERVICES 241972 12 47448 10412 57860 RESIDENT SERVICE FEES 621610 12801349 12801349 ENTRANCE FEES EARNED 621610 2706897 2706897 HEALTH CENTER FEES 621610 1956421 1956421 HOME HEALTH REVENUE 621610 93806 93806 17558473 538685 6538 532147 31790 1148 30642 30642 30642 50881056 50046672 913815 834384 -913815 -79431 -18019 -61412 41227 39594 1633 1633 GUEST MEALS 621610 30932 30932 LOUNGE INCOME 621610 29125 29125 CATERING INCOME 621610 28530 28530 25179 25179 113766 18221628 17558473 -11481 616776 23242 23242 420990 420990 7119650 6629283 490367 49596 47512 2084 678780 584089 94691 746578 681173 65405 201301 201301 80754 80754 35865 35865 1942 1942 25671 25671 756409 584226 172183 153848 153848 2031811 1793292 238519 3517466 3188242 329224 20171 5550 14621 24194 24194 2567583 2567583 106924 106924 LOSS ON FINANCING ON LO 811922 811922 RESIDENT INCENTIVES 157125 157125 MISCELLANEOUS 104651 33560 71091 MEMBERSHIPS,DUES,TAXES 54389 54389 RESIDENT UPGRADES 30400 30400 35540 33716 1824 19756802 17013790 2743012 0 600 2276974 3398454 610133 851391 2432936 2769003 95467 85208 190522 188275 86696340 27995879 48914190 58700461 36357675 24392208 7995520 8867801 738957 979649 862573 680982 100474947 100914032 4318648 2840649 44945853 47070563 45210894 44779219 6423964 8734335 100899359 103424766 X -1538214 -3796990 1063802 1236256 50000 50000 -424412 -2510734 100474947 100914032 X 0 1 1 X 0 X 39765 9793 13552 720 57860 121690 14449987 15549927 16046844 16765644 17558473 80370875 203675 113927 90457 93653 150284 651996 14693427 15673647 16150853 16860017 17766617 81144561 0 0 0 81144561 612039 882804 1562282 575967 563937 4197029 612039 882804 1562282 575967 563937 4197029 42867 43864 55241 26378 4709 173059 15348333 16600315 17768376 17462362 18335263 85514649 0.94890 0.94720 0.04910 0.05050 X Schedule A, Part II, Line 12, Explanation of Other Income: other income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1942 1942 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: ANNAPOLIS LIFE CARE, INC. IS A MEMBER OF INDUSTRY GROUP LIFESPAN NETWORK. THE ORGANIZATION PAID $9,712 IN DUES TO LIFESPAN OF WHICH 20% WERE ALLOCATED TO LOBBYING EXPENSES. 3735917 3735917 66901808 21181082 45720726 5309173 3234828 2074345 7319633 3579969 3739664 3429809 3429809 58700461 ALTERNATIVE INVESTMENTS - HEDGE FUNDS 8867801 F 8867801 DUE TO RELATED PARTY 149380 interest rate swap 4554630 deposits 4030325 8734335 18221628 19756802 -1535174 1081011 -1632159 -551148 -2086322 20409381 1081011 240692 1321703 19087678 25671 -891721 -866050 18221628 22495702 2787813 2787813 19707889 25671 23242 48913 19756802 Part X: Description of Uncertain Tax Positions Under FIN 48: THE CORPORATION FOLLOWS THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109 (FIN 48). FIN 48 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A COMPANY'S FINANCIAL STATEMENTS, INCLUDING NOT-FOR-PROFIT CORPORATIONS, AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINDED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. FIN 48 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. MANAGEMENT HAS DETERMINED THAT FIN 48 DOES NOT HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE CORPORATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2009, 2008, AND 2007 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. Part XI, Line 8 - Other Adjustments: CHANGE IN INTEREST OF NET ASSETS OF FOUNDATION: 240691. UNREALIZED LOSS ON INTEREST RATE SWAP: -1872850. Part XII, Line 2d - Other Adjustments: CHANGE IN INTEREST OF NET ASSETS OF FOUNDATION: 240692. Part XII, Line 4b - Other Adjustments: RENTAL EXPENSES: -1148. LOSS ON DISPOSAL OF PROPERTY: -913815. contributions from GINGER COVE FOUNDATION: 23242. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES: 1148. LOSS ON DISPOSAL OF PROPERTY: 913815. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT: 1872850. Part XIII, Line 4b - Other Adjustments: grants to individuals: 23242. 1 SCHOLARSHIPS 14 23242 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: EMPLOYEES SUBMIT REGISTRATION FORMS FROM THEIR SCHOOL AND ALSO OBTAIN A RECOMMENDATION FROM THEIR SUPERVISOR. THEY GO THROUGH AN INTERVIEW PROCESS WITH THE EXECUTIVE DIRECTOR, ADMINISTRATOR, AND HUMAN RESOURCES SUPERVISOR. THE EDUCATIONAL OPPORTUNITIES SOUGHT MUST BE RELATED IN SOME FASHION TO THE ACTIVITIES AND/OR EXEMPT PURPOSE OF THE ORGANIZATION. ALL SCHOLARSHIP PAYMENTS ARE MADE DIRECTLY TO THE EDUCATIONAL INSTITUTION. X X X 0 0 0 0 0 0 0 0 0 DR EDGAR MALLICK 152191 0 1000 0 0 0 16136 0 1210 0 170537 0 85269 0 MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY 520936091 2009-11-04 30000000 Refinancing old bonds and new development of construction projects 0 0 MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY 520936091 2010-01-04 15266180 Refinancing old bonds and new development of construction projects 0 0 30000000 3851542 272028 25876430 2010 1 0 1 1 15266180 15126044 140136 2010 1 0 1 1 0 1 1 0 0 0.00300 0.00000 0.00300 1 0 1 1 0 0 0.00300 0.00000 0.00300 1 0 1 1 CITIZENS BANK 10.000000000000 0 0 0 0 1 1 CITIZENS BANK 10.000000000000 0 0 0 Form 990, Part VI, Section A, line 3 ANNAPOLIS LIFE CARE, INC. IS UNDER CONTRACT WITH LIFE CARE SERVICES TO PROVIDE OPERATIONAL SOFTWARE, WHICH IS CONTROLLED AND SUPPORTED BY LIFE CARE SERVICES. Form 990, Part VI, Section B, line 11 THE ANNAPOLIS LIFE CARE FINANCE COMMITTEE CHAIRMAN, CHIEF FINANCIAL OFFICER, EXECUTIVE DIRECTOR/CEO, AND DIRECTOR OF FINANCIAL SERVICES PERFORM AN INITIAL REVIEW OF THE FORM 990. THE APPROVED FORM IS THEN REPORTED TO THE FINANCE & AUDIT COMMITTEE AND ALL BOARD MEMBERS RECEIVE A COPY OF THE RETURN BEFORE THE FORM IS SUBMITTED TO THE IRS. Form 990, Part VI, Section B, line 12c ANNAPOLIS LIFE CARE HAS A CONFLICT OF INTEREST POLICY FOR ALL BOARD MEMBERS OF WHICH THE CONFLICT OF INTEREST STATEMENT IS UPDATED ANNUALLY. THIS POLICY ALSO APPLIES TO ADVISORY MEMBERS OF BOARD COMMITTEES. ANY TRANSACTIONS OR EVENTS THAT VIOLATE THE CONFLICT OF INTEREST POLICY ARE REVIEWED BY LEGAL COUNSEL. Form 990, Part VI, Section B, line 15a A THREE MEMBER COMMITTEE FROM THE ANNAPOLIS LIFE CARE BOARD OF DIRECTORS COMPILES RESULTS OF PERFORMANCE EVALUATIONS COMPLETED BY EACH BOARD MEMBER, REVIEWS THE CURRENT COMPENSATION STRUCTURE FOR THE EXECUTIVE DIRECTOR, REVIEWS INDUSTRY SALARY SURVEY DATA FOR THE REGION AND NATIONALLY, AND MAKES RECOMMENDATIONS TO BOTH THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF DIRECTORS. THIS PROCESS IS COMPLETED ANNUALLY. Form 990, Part VI, Section C, line 19 THE BYLAWS AND FINANCIAL STATEMENTS ARE LOCATED IN THE GINGER COVE LIBRARY FOR PUBLIC REVIEW, AND THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PAGE 11, PART XI, QUESTION 2C AUDIT OVERSIGHT: THE FINANCE & AUDIT COMMITTEE APPOINTS AN AUDIT SUB-COMMITTEE WHICH PROVIDES REGULAR REPORTS TO THE FINANCE & AUDIT COMMITTEE AND TO THE FULL BOARD OF DIRECTORS. AUDITORS MEET WITH THE FINANCE & AUDIT COMMITTEE ANNUALLY TO REVIEW THE AUDIT REPORT IN DETAIL. AUDITORS ALSO MEET WITH THE APPOINTED AUDIT SUB-COMMITTEE SEPARATELY ON SEVERAL OCCASIONS TO DISCUSS THE AUDIT. ANNAPOLIS LIFE CARE OBTAINS 3 YEAR PROPOSALS FOR ALL AUDIT FIRMS THAT ARE BEING CONSIDERED. Ginger Cove Home Health Care LLC 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 521381348 HOME HEALTH CARE SERVICES MD -4603 34224 N/A GINGER COVE FOUNDATION INC 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 113656031 TO SUPPORT AFFILATED ORGANIZATIONS MD 501(C)(3) 11A N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 GINGER COVE FOUNDATION INC P 136490 GINGER COVE HOME HEALTH CARE LLC P 149380