2011-10-10T14:59:35-05:00 2010-12-31 LARSONALLEN LLP 18 SENTRY PARK WEST SUITE 300 BLUE BELL PA 194222240 990 2010-01-01 232499121 WHITE HORSE VILLAGE INC WHIT 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 JENNIFER SCHILPP 6105585000 2011-10-07 1 BERNADETTE O'TOOLECPA 2156433900 2010 2016-03-07 17:11:31Z JENNIFER SCHILPP 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 24493003 0 X WWW.WHITEHORSEVILLAGE.ORG X 1989 PA WE PROVIDE A FULL RANGE OF RETIREMENT LIFESTYLES ROOTED IN EXCELLENCE IN A VIBRANT COMMUNITY OF PEOPLE WHO CARE. 15 15 428 15 0 0 0 214486 23161485 23742425 -1752691 134630 544893 343118 21953687 24434659 0 0 0 0 9397730 9683052 0 0 0 12844345 14428472 22242075 24111524 -288388 323135 99334877 95531465 110256435 108364826 -10921558 -12833361 WE PROVIDE A FULL RANGE OF RETIREMENT LIFESTYLES ROOTED IN EXCELLENCE IN A VIBRANT COMMUNITY OF PEOPLE WHO CARE. 0 0 19184235 23792119 WHITE HORSE VILLAGE, INC PROVIDES CARE UNDER LIFE CARE CONTRACTS TO APPROXIMATELY 550 ADULTS, ALL OVER THE AGE OF 62. UNDER THESE CONTRACTS, WHITE HORSE VILLAGE, INC. PROVIDES HOUSING, MEALS, UTILITIES, MAINTENANCE, AND CERTAIN MEDICAL SERVICES TO THESE RESIDENTS. 19184235 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 1 0 0 1 49 0 1 428 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X JENNIFER K SCHILPP VP OF FINANCE 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 ALFRED F MEYER 1.00 X X 0 0 0 JOHN C SNYDER ESQ 1.00 X X 0 0 0 MICHAEL J HAMMOND 1.00 X X 0 0 0 AMY T CARPENTER 1.00 X 0 0 0 BARBARA J DAWSON 1.00 X 0 0 0 KATHRYNANN W DURHAM 1.00 X 0 0 0 HOWARD L GREGG 1.00 X 0 0 0 BRUCE D HOPPER 1.00 X 0 0 0 THOMAS F KAIDEN 1.00 X 0 0 0 AMY J LAMBERT 1.00 X 0 0 0 PETER P MILLER 1.00 X 0 0 0 DOUGLAS W NAKAJIMA 1.00 X 0 0 0 JAMES H PYE 1.00 X 0 0 0 ROBERT J SANTILLI 1.00 X 0 0 0 JONATHAN S SUTTON 1.00 X 0 0 0 MARY KATHRYN S BURKE 40.00 X 243832 0 6793 JENNIFER K SCHILPP 40.00 X 179235 0 4816 ANNA MAY GRZECZKOWSKI 40.00 X 136149 0 3904 MICHAEL A SCHEUREN 40.00 X 122209 0 3308 ROBERT J HIGGINS 40.00 X 126647 0 3335 DOROTHY L MALLON 40.00 X 117215 0 3276 ANNETTE SPIROPLOULOS 40.00 X 105279 0 2325 1030566 0 27757 7 0 1 0 C RAYMOND DAVIS & SONS INC PO BOX 157 KIMBERTON PA 19442 CONSTRUCTION 1647472 HERMAN GOLDNER COMPANY INC 7777 BREWSTER AVENUE PHILADELPHIA PA 19153 HVAC CONTRACTOR 1102646 KEYSTONE HEALTH PLAN EAST PO BOX 70250 PHILADELPHIA PA 19176 EMPLOYEE GROUP INS. PROVIDER 919289 MORRISON MANAGEMENT SPECIALISTS INC 535 GRADYVILLE ROAD NEWTOWN SQUARE PA 19073 DINING/HSKPG MGT 549875 ELWYN PHARMACY & MEDICAL EQPT 194 S MIDDLETOWN ROAD ELWYN PA 19063 PHARMACY SUPPLIER 414689 25 214486 214486 RESIDENT CARE FEES 623000 14288889 14288889 MEDICAL CARE FEES 623000 5658156 5658156 AMORT OF DEFERRED ENTR 623000 3758410 3758410 RENTAL INCOME 623000 36970 36970 23742425 192974 192974 58344 -58344 -58344 -58344 RESIDENT SERVICES 812900 126976 126976 VIEW/OPTION CHARGE 812900 91750 91750 COFFEE SHOPS 722210 65017 65017 59375 10307 49068 343118 24434659 23786138 0 434035 434676 434676 7570789 5678092 1892697 113616 85212 28404 951783 713837 237946 612188 459141 153047 439937 329953 109984 102000 76500 25500 109887 109887 142997 107248 35749 140019 105014 35005 2381182 1844898 536284 6821 5116 1705 4202289 3058482 1143807 11068 8301 2767 1769314 1769314 4121780 4082284 39496 486437 364828 121609 THERAPY 408371 408371 LICENSES AND FEES 74904 56178 18726 MISC EXPENSES 31466 31466 24111524 19184235 4927289 0 4494 3806 2136594 844975 609806 597044 82284 80882 618406 532375 124017210 42302621 80059692 81714589 11968285 10320622 3855316 1437172 99334877 95531465 4582744 2257731 49904935 48482310 48435028 47309531 7333728 10315254 110256435 108364826 X -11915594 -12833361 994036 0 -10921558 -12833361 99334877 95531465 X 323135 -2234939 X X 0 1 1 X 0 X 214487 214487 20315728 20860024 22233941 23161485 23928739 110499917 20315728 20860024 22233941 23161485 24143226 110714404 142836 134988 141060 162600 214487 795971 193269 5000 5000 203269 336105 139988 146060 162600 214487 999240 109715164 753898 1015192 625334 345154 1049871 3789449 753898 1015192 625334 345154 1049871 3789449 590293 657563 544919 544894 371291 2708960 21659919 22532779 23404194 24051533 25564388 117212813 0.93600 0.93510 0.03230 0.03030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6656012 6656012 78492306 28630177 49862129 28003576 7218292 20785284 6792000 4842618 1949382 4073316 1611534 2461782 81714589 INTEREST RATE SWAP 5726914 REFUNDABLE DEP-PROS RESIDENTS 670214 REFUNDABLE HEALTHCARE DEPOSITS 3918126 10315254 24434659 24111524 323135 915241 -1525646 -1624534 -2234939 -1911804 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE VILLAGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE VILLAGE FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE VILLAGE'S FINANCIAL STATEMENTS. THE VILLAGE'S TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2007 TO 2009 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS -1,646,726. NET ASSETS RELEASED FOR PURCHASE OF PROPERTY AND EQUIPMENT 22,192. X X X X 0 0 0 0 0 0 0 0 0 MARY KATHRYN S BURKE 216941 0 16088 0 10803 0 6793 0 0 0 250625 0 0 0 JENNIFER K SCHILPP 160220 0 10990 0 8025 0 4816 0 0 0 184051 0 0 0 DELAWARE CNTY AUTHORITY 231973437 245913HH4 2006-05-17 4865000 REFUND OF '96/'00 BONDS; FUNDING CAPITAL PROJECT 0 0 0 DELAWARE CNTY AUTHORITY 231973437 245913HJ0 2006-05-17 35795000 REFUND OF '96/'00 BONDS; FUNDING CAPITAL PROJECT 0 0 0 DELAWARE CNTY AUTHORITY 231973437 245913JD1 2008-05-09 11000000 FUND EXPANSION, RENOVATION 0 0 0 4943215 4810037 54963 2006 0 1 1 1 35795000 28409313 404397 6981290 2006 1 0 1 1 11000000 1923291 219668 8857091 2010 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 1 MORGAN STANLEY 0 0 0 0 0 0 1 1 MORGAN STANLEY 0 0 0 0 0 0 1 1 WELLS FARGO 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NO DIRECTOR, OFFICER, KEY EMPLOYEE OR COMMITTEE MEMBER AND THEIR IMMEDIATE FAMILY SHALL CONDUCT BUSINESS WITH, OR HAVE A FINANCIAL INTEREST OF GREATER THAN FIVE PERCENT (5%) IN ANY PUBLICLY-TRADED ENTITY OR ANY INTEREST IN ANY OTHER NON-PUBLICLY TRADED ENTITY (WHICH DIRECTLY OR INDIRECTLY THROUGH SUBSIDIARIES OR AFFILIATES) CONDUCTS BUSINESS WITH THE CORPORATION OR ANY OF ITS AFFILIATED CORPORATIONS. EACH DIRECTOR, OFFICER, KEY EMPLOYEE, OR COMMITTEE MEMBER OF THE CORPORATION SHALL EXECUTE AN ANNUAL CONFLICT OF INTEREST STATEMENT WHICH CONTAINS A CERTIFICATION THAT SUCH INDIVIDUAL IS IN CURRENT COMPLIANCE WITH THIS CONFLICT OF INTEREST POLICY. THE STATEMENT WILL BE SIGNED BY THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES. IF A CONFLICT OF INTEREST DOES ARISE, THE DIRECTOR, OFFICER OR KEY EMPLOYEE WILL REFRAIN FROM PARTICIPATING IN DISCUSSIONS OR VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, COMPENSATION STUDIES/SURVEYS ARE COMPLETED. USING THESE SURVEYS, FORM 990S OF OTHER SIMILAR ORGANIZATIONS AND INDEPENDENT CONSULTANTS, THE BOARD EXECUTIVE COMMITTEE REVIEWS AND ESTABLISHES COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR. THE REVIEWS AND COMPENSATION POLICIES FOR THE VP OF FINANCE ARE CONDUCTED BY THE CEO/EXECUTIVE DIRECTOR WHO REVIEWS THEM WITH THE EXECUTIVE COMMITTEE OF THE BOARD. THESE REVIEWS WERE LAST CONDUCTED IN 2009. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 915,241. PRIOR PERIOD ADJUSTMENTS: -1,525,646. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS -1,646,726. NET ASSETS RELEASED FOR PURCHASE OF PROPERTY AND EQUIPMENT 22,192. TOTAL TO FORM 990, PART XI, LINE 5: -2,234,939. OVERSIGHT PROCESS EXPLANATION 990 PART XII, LINE 2C THE BOARD OF DIRECTORS PROVIDES OVERSIGHT AND RESPONSIBILITY FOR THE AUDIT. THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS DURING THE YEAR. WHITE HORSE VILLAGE ENDOWMENT INC 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 232738045 BENE. FUND PA 501(C)(3) 509(A)(3) WHITE HORSE VILLAGE INC 23-2499121 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 WHITE HORSE VILLIAGE ENDOWMENT FUND R 214486 FAIR MARKET VALUE OF ASSETS