UPSTATE SENIOR LIVING INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- UPSTATE SENIOR LIVING INC (EIN 51-0553716)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-08
- IRS object ID
- 201133129349300708
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-08T08:22:27-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510553716 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UPSTATE SENIOR LIVING INC | BusinessNameLine1 |
| Business Name Line2 | DBA THE WOODLANDS AT FURMAN | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UPST | NameControl |
| Phone | 8643713100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 TRAILHEAD COURT | AddressLine1 |
| City | GREENVILLE | City |
| State | SC | State |
| ZIP Code | 29617 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WALTER GOLDSMTIH | Name |
| Title | PRESIDENT | Title |
| Phone | 8643713100 | Phone |
| Date Signed | 2011-11-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMY BIBBY | Name |
| Phone | 8282542254 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WOODLANDS AT FURMAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | WALTER GOLDSMTIH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 TRAILHEAD COURT | AddressLine1 |
| City | GREENVILLE | City |
| State | SC | State |
| ZIP Code | 29617 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5580105 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.THEWOODLANDSATFURMAN.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2003 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE HIGH QUALITY ELDER CARE SERVICES AND FACILITIES AT THE LOWEST POSSIBLE COST. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 221 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1117487 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5276099 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 530337 | InvestmentIncomePriorYear |
| Investment Income Current Year | 304006 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1647824 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5580105 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2176930 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3656444 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7516786 | OtherExpensePriorYear |
| Other Expenses Current Year | 11199569 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 9693716 | TotalExpensesPriorYear |
| Total Expenses Current Year | 14856013 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -8045892 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -9275908 | RevenuesLessExpensesCY |
| Total Assets BOY | 85252258 | TotalAssetsBOY |
| Total Assets EOY | 79387677 | TotalAssetsEOY |
| Total Liabilities BOY | 94660851 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 97799058 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -9408593 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -18411381 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF UPSTATE SENIOR LIVING, INC. IS TO BE THE RETIREMENT COMMUNITY OF CHOICE BY NURTURING A DISTINCTIVE CULTURE OF ENRICHMENT WHILE PROVIDING SECURITY AND A CONTINUUM OF CARE FOR ITS RESIDENTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13010435 | Expense |
| Revenue | 5276099 | Revenue |
| Description | THE WOODLANDS AT FURMAN WAS CREATED WITH A PHILOSOPHY OF REJUVENATION AND RE-INSPIRATION, AND OUR UNIQUE AFFILIATION WITH FURMAN UNIVERSITY GOES A LONG WAY TOWARD MAKING THAT HAPPEN. IT IS AN AFFILIATION THAT WILL KEEP RESIDENTS HEALTHY, ACTIVE, CONNECTED, AND INVOLVED.WE BELIEVE THAT THE HEALTHIEST AND HAPPIEST RETIREMENT IS ONE THAT IS ACTIVE AND STIMULATING. WE DO EVERYTHING POSSIBLE TO MAKE RETIREMENT ONE OF THE MOST REWARDING AND ENRICHING PARTS OF LIFE BY OFFERING MORE THAN JUST BEAUTIFUL HOUSING. WE OFFER A LIFESTYLE THAT ENCOURAGES PHYSICAL, MENTAL, SOCIAL AND SPIRITUAL GROWTH.EVERY ASPECT OF OUR COMMUNITY IS DESIGNED TO PROVIDE FINE SENIOR LIVING. OUR HOUSING OPTIONS INCLUDE AN EXTENSIVE SELECTION OF FLOOR PLANS TO OFFER MAXIMUM COMFORT, CONVENIENCE, AND STYLE. OUR UNIQUE LOCATION, ADJACENT TO FURMAN UNIVERSITY, FURTHER ENHANCES THE DISTINCTIVE LIFESTYLE AT THE WOODLANDS.FOR THOSE WHO CAN NO LONGER LIVE INDEPENDENTLY, THE ARBORETUM PROVIDES CARE IN A COMFORTABLE, NURTURING ENVIRONMENT BASED ON COMPASSION, UNDERSTANDING, AND PROFESSIONALISM. HERE, QUALITY OF LIFE AND QUALITY OF CARE TAKE PRECEDENCE. WHETHER IT'S ASSISTED LIVING, MEMORY SUPPORT, OR SKILLED NURSING, HERE YOU WILL FIND QUALITY CARE IN A SECURE YET INVITING ENVIRONMENT. THE ARBORETUM PROVIDES SPACIOUS RESIDENCES, VALUABLE AMENITIES, HEALTH SERVICES, AND CUSTOMIZED CARE THAT TRANSITIONS TO ADDRESS THE EVOLVING NEEDS AND PREFERENCES OF ITS RESIDENTS. | Description |
| Total Program Service Expense | 13010435 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 26 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 221 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TROY CANNADAY EXECUTIVE DIRECTOR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8643713100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 TRAILHEAD COURT | AddressLine1 |
| City | GREENVILLE | City |
| State | SC | State |
| ZIP Code | 29617 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| WALTER GOLDSMITH | ||||||
| PRESIDENT | 4.00 | X | X | 0 | 0 | 0 |
| LARRY D ESTRIDGE | ||||||
| VICE PRESIDENT | 4.00 | X | X | 0 | 0 | 0 |
| BEN NORWOOD III | ||||||
| TREASURER/SECRETARY | 4.00 | X | X | 0 | 0 | 0 |
| W BEN DEIBLER | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| ELAINE GUYTON | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JOHN R SANDERS | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| SAM SMITH | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| SARAH FLETCHER | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| BRUCE BROWN | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| CLARE MORRIS | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| TROY CANNADAY | ||||||
| EXECUTIVE DIRECTOR | 50.00 | X | 105511 | 0 | 19234 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 105511 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 19234 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 1 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| GREYSTONE MANAGEMENT SERVICES CO LLC | |||||
| 222 W LAS COLINAS BLVD 2100 | IRVING | TX | 75039 | MANAGEMENT SERVICES | 455236 |
| SCOUT MARKETING | |||||
| 3391 PEACHTREE ROAD NE | ATLANTA | GA | 30326 | MARKETING SERVICES | 351311 |
| HERITAGE HEALTHCARE | |||||
| 536 OLD HOWELL ROAD | GREENVILLE | SC | 29615 | THERAPY SERVICES | 316267 |
| SYSCO FOOD SERVICES COLUMBIA | |||||
| PO BOX 9224 | COLUMBIA | SC | 29290 | FOOD DISTRIBUTION | 192545 |
| WHITE OAK PHARMACY | |||||
| 1233 BOILING SPRINGS ROAD | SPARTANBURG | SC | 29304 | PHARMACEUTICAL SERVICES | 172892 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 11 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| RESIDENT SERVICE REVEN | 623000 | 3336465 | 3336465 |
| SKILLED NURSING AND TH | 623000 | 1356549 | 1356549 |
| AMORTIZATION OF ADVANC | 623000 | 440068 | 440068 |
| OTHER SERVICE REVENUE | 623000 | 106225 | 106225 |
| FOOD SERVICE REVENUE | 623000 | 36792 | 36792 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5276099 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 304006 | TotalRevenueColumn |
| Exclusion | $304,006 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5580105 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5276099 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $304,006 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 124745 | Total |
| Program Services | 24949 | ProgramServices |
| Management And General | 99796 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2937091 | Total |
| Program Services | 2708468 | ProgramServices |
| Management And General | 228623 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 318733 | Total |
| Program Services | 283672 | ProgramServices |
| Management And General | 35061 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 275875 | Total |
| Program Services | 245529 | ProgramServices |
| Management And General | 30346 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 584079 | Total |
| Management And General | 584079 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37607 | Total |
| Management And General | 37607 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50000 | Total |
| Management And General | 50000 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 435808 | Total |
| Management And General | 435808 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 431459 | Total |
| Program Services | 431459 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 329942 | Total |
| Program Services | 329942 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1059487 | Total |
| Program Services | 830332 | ProgramServices |
| Management And General | 229155 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82707 | Total |
| Program Services | 30770 | ProgramServices |
| Management And General | 51937 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1846602 | Total |
| Program Services | 1846602 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73133 | Total |
| Program Services | 14118 | ProgramServices |
| Management And General | 59015 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17138 | Total |
| Program Services | 16663 | ProgramServices |
| Management And General | 475 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3542496 | Total |
| Program Services | 3542496 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2486907 | Total |
| Program Services | 2486907 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 196101 | Total |
| Program Services | 193141 | ProgramServices |
| Management And General | 2960 | ManagementAndGeneral |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Total | 26103 | Total |
| Program Services | 25387 | ProgramServices |
| Management And General | 716 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14856013 | Total |
| Program Services | 13010435 | ProgramServices |
| Management And General | 1845578 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1594700 | BOY |
| EOY | 989349 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5433093 | BOY |
| EOY | 5387580 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2237691 | BOY |
| EOY | 2814082 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6115 | BOY |
| EOY | 9797 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6473431 | BOY |
| EOY | 6353391 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 62994343 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3616114 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61134670 | BOY |
| EOY | 59378229 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8372558 | BOY |
| EOY | 4455249 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85252258 | BOY |
| EOY | 79387677 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 585455 | BOY |
| EOY | 870223 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10401922 | BOY |
| EOY | 12505850 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77497594 | BOY |
| EOY | 77512600 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6175880 | BOY |
| EOY | 6910385 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94660851 | BOY |
| EOY | 97799058 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -9408593 | BOY |
| EOY | -18411381 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -9408593 | BOY |
| EOY | -18411381 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85252258 | BOY |
| EOY | 79387677 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -9275908 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 273120 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 6719 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4500 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1117487 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5276099 | CurrentTaxYear |
| Total | 6404805 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 6719 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4500 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1117487 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5276099 | CurrentTaxYear |
| Total | 6404805 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 6404805 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 530337 | CurrentTaxYearMinus1Year |
| Current Tax Year | 304006 | CurrentTaxYear |
| Total | 834343 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 530337 | CurrentTaxYearMinus1Year |
| Current Tax Year | 304006 | CurrentTaxYear |
| Total | 834343 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 6719 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4500 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1647824 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5580105 | CurrentTaxYear |
| Total | 7239148 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | X | First5Years509 |
Schedule D IRS990ScheduleD
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 55622090 | OtherCostOrOtherBasis |
| Depreciation | 2547039 | Depreciation |
| Book Value | 53075051 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5287345 | OtherCostOrOtherBasis |
| Depreciation | 483807 | Depreciation |
| Book Value | 4803538 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2084908 | OtherCostOrOtherBasis |
| Depreciation | 585268 | Depreciation |
| Book Value | 1499640 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 59378229 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INTEREST RECEIVABLE | 28897 |
| GUARANTEED INVESTMENT CONTRACTS | 4426352 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 4455249 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO THE CLIFFS COMMUNITIES INC. | $500,000 |
| ENTRANCE FEE DEPOSITS | $640,305 |
| DERIVATIVE INSTRUMENT PAYABLE | $450,914 |
| GROUND LEASE PAYABLE | $4,375,282 |
| ACCRUED INTEREST PAYABLE | $943,884 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6910385 | TotalOfAmounts |
| Total Revenue | 5580105 | TotalRevenue |
| Total Expenses | 14856013 | TotalExpenses |
| Excess Or Deficit For Year | -9275908 | ExcessOrDeficitForYear |
| Other | $273,120 | OtherAmount |
| Total Adjustments | 273120 | TotalAdjustments |
| Excess Or Deficit Per FS | -9002788 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 5853225 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 273120 | OtherRevenues |
| Revenue Not Rptd F990 | 273120 | RevenueNotRptdF990 |
| Revenue Subtotal | 5580105 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 5580105 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 14856013 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 14856013 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 14856013 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | UNREALIZED GAIN ON INTEREST RATE SWAP 273,120. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | UNREALIZED GAIN ON INTEREST RATE SWAP 273,120. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 1 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TROY CANNADAY | NamePerson |
| Base Compensation Filing Org | 105511 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 19234 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 124745 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 5 | A PORTION OF THE EXECUTIVE DIRECTOR'S SALARY (4-10%) IS BASED ON FINANCIAL PERFORMACE. GOALS ARE ESTABLISHED AND APPROVED BY THE MANAGEMENT COMPANY AND THE BOARD. | |
| PART III | DAY TO DAY MANAGEMENT FUNCTIONS ARE PROVIDED THROUGH GREYSTONE COMMUNITIES, AN UNRELATED ORGANIZATION. SERVICES INCLUDE FINANCIAL OVERSIGHT, MARKETING, AND OPERATIONS. GREYSTONE COMMUNITIES ISSUES W-2'S AND 1099'S ON BEHALF OF THE ORGANIZATION. | SUPPLEMENTAL INFORMATION |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTH CAROLINA JOBS - ECONOMIC DEVELOPMENT AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 570960018 | IssuerEIN |
| CUSIP Number | 837036DA7 | CUSIPNumber |
| Date Issued | 2007-10-17 | DateIssued |
| Issue Price | 76911708 | IssuePrice |
| Description Of Purpose | CONSTRUCTION AND DEVELOPMENT | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 80834753 | TotalProceeds |
| Amount In Reserve Fund | 4650146 | AmountInReserveFund |
| Issuance Costs From Proceeds | 2867592 | IssuanceCostsFromProceeds |
| Working Capital Expenditures | 1478983 | WorkingCapitalExpenditures |
| Capital Expenditures | 67963058 | CapitalExpenditures |
| Other Spent Proceeds | 2966293 | OtherSpentProceeds |
| Amount Unspent | 908582 | AmountUnspent |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOVEREIGN BANK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 3.300000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 1 | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAYERISCHE | BusinessNameLine1 |
| Business Name Line2 | LANDESBANK/SAN | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of GIC | 3.000000000000 | TermOfGIC |
| Regulatory Safe Harbor Satisfied | 1 | RegulatorySafeHarborSatisfied |
| Gross Proceeds Invested | 1 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | DAY TO DAY MANAGEMENT FUNCTIONS ARE PROVIDED THROUGH GREYSTONE COMMUNITIES INCLUDING FINANCIAL OVERSIGHT, MARKETING, AND OPERATIONS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 WAS INITIALLY REVIEWED BY THE FINANCE COMMITTE. AFTER APPROVAL, THE 990 WAS PROVIDED TO THE FULL BOARD FOR REVIEW, COMMENT, AND APPROVAL PRIOR TO SUBMITTING THE RETURN WITH THE IRS. | |
| THE BOARD OF DIRECTORS IS REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. INDIVIDUALS REALIZE THEIR FIDUCIARY DUTY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST SO THAT THE BOARD CAN DETERMINE THE APPROPRIATE COURSE OF ACTION SHOULD A CONFLICT ARISE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE ORGANIZATION UTILIZES COMPARABILITY DATA WHEN DETERMINING CHANGES IN COMPENSATION FOR TOP MANAGEMENT OFFICIALS. THESE SALARIES ARE APPROVED BY THE BOARD WITH ASSISTANCE FROM GREYSTONE AS PART OF THE APPROVAL OF THE ANNUAL BUDGET FOR THE ORGANIZATION. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | UNREALIZED GAIN ON INTEREST RATE SWAP 273,120. TOTAL TO FORM 990, PART XI, LINE 5: 273,120. | FORM 990, PART XI, LINE 5: |