2023-05-15T09:56:20-05:00 2022-06-30 381357951 PLANTE & MORAN PLLC 3000 TOWN CENTER SUITE 100 SOUTHFIELD MI 48075 990 2021-07-01 351270709 GREENCROFT GOSHEN INC GREE 5745374000 PO BOX 819 GOSHEN IN 46527 SCOTT MARTIN VP OF FINANCE 5745374000 2023-05-12 1 SCOTT MARTIN 999009999 DAVID LOWENTHAL P00378651 2483522500 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LINDA O'NEILL 1721 GREENCROFT BLVD GOSHEN IN 46526 43287987 0 X WWW.GREENCROFT.ORG X 1972 IN GREENCROFT GOSHEN PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING WITH SUPPORTIVE SERVICES, ASSISTED LIVING, AND SKILLED NURSING CARE. CHARITY CARE FOR FYE JUNE 30, 2022 AMOUNTED TO $3,214,213. 8 8 519 96 0 0 2921014 852925 34316681 34779703 3759688 2773888 679978 858934 41677361 39265450 394257 380517 0 0 12633225 12176904 0 0 0 22727908 25271378 35755390 37828799 5921971 1436651 95333983 106090905 73839435 81098803 21494548 24992102 X GREENCROFT GOSHEN CREATES A DYNAMIC LIVING COMMUNITY THAT EMBRACES THE CREATIVITY, CONTRIBUTIONS AND CHALLENGES OF AGING FOR ALL, GROUNDED IN SERVICE EXCELLENCE, COMPASSIONATE CARE AND MENNONITE VALUES. 0 0 31105061 0 33733607 RESIDENT & NURSING SERVICES - GREENCROFT GOSHEN (GG) IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO OVER 800 RESIDENTS ON A 170-ACRE CAMPUS. GG PROVIDES CCRC SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING, ADULT DAY PROGRAMS, SENIOR CENTER PROGRAMS, AND HOME CARE SERVICES. EVERGREEN PLACE PROVIDES GG RESIDENTS WITH A VITAL OPTION IN THE CONTINUUM OF CARE IF AND WHEN THEY SHOULD NEED ASSISTANCE SERVICES. ASSISTED LIVING VACANCIES NOT FILLED BY GG ARE AVAILABLE TO OLDER ADULTS IN THE WIDER COMMUNITY. WE PARTNER WITH RESIDENTS, THEIR FAMILIES, AND OTHERS TO CREATE A COMMUNITY WHERE OLDER ADULTS ENJOY LIFE. SUCH PARTNERSHIP IS ESSENTIAL TO APPROPRIATELY MEET THE NEEDS OF A RAPIDLY GROWING OLDER ADULT POPULATION. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS ARE ELIGIBLE FOR SUPPORT FROM THE GREENCROFT COMMUNITY FOUNDATION IF THEIR ASSETS RUN OUT. GG IS IN AN ACTIVE PARTNERSHIP WITH GOSHEN COLLEGE TO PROVIDE LIFELONG LEARNING OPPORTUNITIES TO PEOPLE OVER THE AGE OF 55 IN ELKHART COUNTY. ADDITIONALLY, GG PROVIDES NUMEROUS PROGRAMS AND ACTIVITIES FOR SENIORS ON AND OFF OUR CAMPUS. GG IS AFFILIATED WITH THREE HUD HOUSING ORGANIZATIONS ON ITS CAMPUS THAT ARE INTEGRATED INTO GG'S SERVICES. THESE ORGANIZATIONS SERVE UP TO 330 RESIDENTS.GREENCROFT GOSHEN'S HEALTH FACILITIES PROVIDE STATE-OF-THE-ART HEALTH CARE TECHNIQUES AND TECHNOLOGY IN AN INVITING AND SUPPORTIVE RESIDENTIAL ENVIRONMENT. OUR SETTING IS APPROPRIATE FOR INDIVIDUALS WHO ARE RECOVERING FROM SURGERY OR ILLNESS, NEED REHABILITATION, OR REQUIRE ONGOING LONG-TERM NURSING CARE. OUR RESTORATIVE CARE PHILOSOPHY REINFORCES THE HEALING AND REHABILITATION PROCESS AND PROMOTES INDEPENDENCE. A FULL RANGE OF ACTIVITIES, CHAPLAINCY, AND SOCIAL SERVICES ARE PROVIDED. WE PROVIDE OUTPATIENT PHYSICAL, OCCUPATIONAL, AND SPEECH/LANGUAGE THERAPIES FOR ALL AGES. WE EMPHASIZE EDUCATION AND COMMUNICATION WITH YOU, YOUR FAMILY, AND REFERRING PHYSICIANS. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM GREENCROFT COMMUNITIES FOUNDATION IF THEIR ASSETS RUN OUT. DURING THE YEAR ENDED JUNE 30, 2022, OVER 12% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNTS: INDIGENT CARE/CHARITY CARE - $3,214,213 314754 0 341352 DIETARY AND OTHER SERVICES - THE ORGANIZATION PROVIDES DIETARY AND OTHER MISCELLANEOUS PROGRAM SERVICES TO ITS RESIDENTS. 1464418 380517 1588170 AFFILIATE SUPPORT - THE ORGANIZATION PROVIDES MAINTENANCE, TELEPHONE, HOUSEKEEPING, RENTAL, AND DIETARY SERVICES TO VARIOUS AFFILIATED ORGANIZATIONS. 32884233 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 519 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IN X SCOTT MARTIN 5745374000 1721 GREENCROFT BLVD GOSHEN IN 46526 DIANE WOODWORTH CHAIR (PART YEAR) 1.00 4.00 X X 0 0 0 CAROL EBERSOLE CHAIR 1.00 4.00 X X 0 0 0 JULIE HERTZLER VICE CHAIR 1.00 4.00 X X 0 0 0 BEN BONTRAGER BOARD MEMBER 1.00 4.00 X 0 0 0 STEVE GARBODEN BOARD MEMBER (PART YEAR) 1.00 4.00 X 0 0 0 LAUNA LEFTWICH BOARD MEMBER 1.00 4.00 X 0 0 0 SUE NEEB BOARD MEMBER 1.00 4.00 X 0 0 0 KAREN SMITH BOARD MEMBER (PART YEAR) 1.00 4.00 X 0 0 0 KAREN STEFFENSEN BOARD MEMBER (PART YEAR) 1.00 4.00 X 0 0 0 JEREMY STUTSMAN BOARD MEMBER 1.00 4.00 X 0 0 0 MILT THOMAS BOARD MEMBER 1.00 4.00 X 0 0 0 GENE YODER BOARD MEMBER 1.00 4.00 X 0 0 0 BRENT NAFZIGER PRESIDENT (PART YEAR) 34.90 5.10 X 0 166721 23784 SCOTT MARTIN TREASURER 1.00 42.60 X 0 163008 49067 DALE SHENK ASSISTANT TREASURER 0.30 10.90 X 0 52040 0 RYDELL BONTRAGER SECRETARY 0.10 42.70 X 0 139986 52222 AIMEE RIEMKE ASSISTANT SECRETARY 0.40 44.20 X 0 127272 53455 0 649027 178528 0 0 1 0 0 433284 418411 1230 852925 RESIDENT SERVICES 623000 32850181 32850181 AFFILIATE SUPPORT 623000 1542570 1542570 DIETARY SERVICES 722320 341352 341352 RENT FROM AFFILIATES 531390 45600 45600 34779703 2188071 2188071 114973 139465 -24492 -24492 -24492 4451014 17875 3854938 28134 596076 -10259 585817 585817 TENANT CHARGES 812900 321292 321292 COMPANION INCOME 900099 160432 160432 HOUSEKEEPING 812900 150210 150210 251492 251492 883426 39265450 35663129 0 2749396 X 375211 375211 5306 5306 9455609 8260077 1195532 380269 332189 48080 1587704 1386961 200743 753322 658075 95247 1789907 1789907 7586 7586 46204 46204 10326121 9452610 873511 20191 16153 4038 988554 909470 79084 1654638 1654638 33620 25551 8069 3942865 3942865 3217972 3217972 207398 207398 DIETARY EXPENSE 1446701 1446701 MEDICAL SUPPLIES 700225 700225 REPAIRS & MAINTENANCE 269673 248099 21574 BAD DEBTS 148474 148474 471249 103656 367593 37828799 32884233 4944566 0 3035 3035 12267383 9620229 1006342 1238103 95994 108859 64404 54062 111858652 62551496 47913355 49307156 26835996 23867175 17842 81589 7129632 21810697 95333983 106090905 1567749 1445341 9252404 9948030 43033000 49145967 265885 582729 19720397 19976736 73839435 81098803 X 14984884 19198392 6509664 5793710 21494548 24992102 95333983 106090905 X 1436651 -4429399 6490302 X X 0 1 X 1 0 X 255600 278925 187806 2921014 852925 4496270 23470825 24697624 25038469 35031144 35663129 143901191 23726425 24976549 25226275 37952158 36516054 148397461 0 0 0 148397461 2551234 2726099 2590788 3242976 2303044 13414141 2551234 2726099 2590788 3242976 2303044 13414141 26277659 27702648 27817063 41195134 38819098 161811602 0.91710 0.91130 0.08290 0.08870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 17855533 509178 -1981223 598336 1953 15783199 14422191 182904 4127542 30330 845096 1678 17855533 14355837 164917 435908 29670 503253 1548 14422191 13464486 596288 802348 29530 476220 1535 14355837 12945177 55385 824332 29300 329200 1908 13464486 0.66630 0.27670 0.05700 0 1 1 1852029 1852029 87526865 48680750 38846115 6721786 4725296 1996490 11399307 9129862 2269445 4358665 15588 4343077 49307156 BENEFICIAL INTEREST IN GREENCROFT COMMUNITIES FOUNDATION 12892442 DUE FROM AFFILIATES 277843 DUE FROM AFFILIATE - GREENCROFT CENTRAL MANOR (LONG-TERM) 675000 DUE FROM AFFILIATE - HAVEN HUBBARD HOMES (LONG TERM) 800000 RESIDENT CONTRACTS IN PROCESS OF SETTLEMENT 709322 DUE FROM AFFILIATE - GREENCROFT MANOR III (LONG-TERM) 150000 BOND PROJECT FUND 6306090 21810697 ACCRUED INTEREST PAYABLE 328317 LIFE LEASE NOTES PAYABLE 19563354 DUE TO AFFILIATE - GREENCROFT RETIREMENT COMMUNITIES 85065 19976736 PART IV, LINE 2B: THE ORGANIZATION REQUIRES SECURITY DEPOSITS FROM EACH RESIDENT FOR USE OF GARAGE SPACE AND FOR HAVING PETS LIVE WITH THEM. THE FUNDS ARE DEPOSITED INTO THE ORGANIZATION'S ACCOUNT, WHICH EARNS INTEREST THROUGHOUT THE YEAR. FUNDS ARE DESIGNATED FOR RECOVERY OF DAMAGES CAUSED BY THE RESIDENTS. PART V, LINE 4: ENDOWMENT FUNDS ARE HELD BY GREENCROFT COMMUNITIES FOUNDATION INC. FOR THE BENEFIT OF GREENCROFT GOSHEN. THE FUNDS MAY ALSO BENEFIT RELATED ORGANIZATIONS MANOR II, MANOR III AND CENTRAL MANOR, BUT THERE IS NOT A DIRECT OBLIGATION TO THESE THREE ORGANIZATIONS SO THE FUNDS ARE NOT CONSIDERED AS HELD FOR THEIR BENEFIT. GREENCROFT GOSHEN ALSO HAS AN ENDOWMENT FUND THAT DIRECTLY SUPPORTS SOME PROGRAM SERVICES OF THE ORGANIZATION. 1 GREENCROFT COMMUNITIES FOUNDATION INC PO BOX 819 GOSHEN IN 46527 237126990 501(C)(3) 375211 0 N/A N/A TO SUPPORT OPERATIONS 1 0 ADULT DAY CARE ASSISTANCE 4 5306 N/A N/A PART I, LINE 2: CONTRIBUTIONS MADE ARE UNRESTRICTED AND CAN BE USED IN ANY WAY THE DONEE ORGANIZATION SEES FIT TO FURTHER ITS TAX-EXEMPT PURPOSE. ADULT DAY CARE FINANCIAL ASSISTANCE IS GIVEN TO INDIVIDUALS FROM THE COMMUNITY WHO WOULD OTHERWISE NOT BE ABLE TO PARTICIPATE IN THE PROGRAM. 0 0 0 0 0 0 0 0 0 SCOTT MARTIN TREASURER 0 144979 0 10297 0 7732 0 22844 0 26223 0 212075 0 10297 RYDELL BONTRAGER SECRETARY 0 128631 0 11217 0 138 0 17556 0 34666 0 192208 0 11217 BRENT NAFZIGER PRESIDENT (PART YEAR) 0 157008 0 9455 0 258 0 10201 0 13583 0 190505 0 9455 AIMEE RIEMKE ASSISTANT SECRETARY 0 116332 0 10802 0 138 0 19506 0 33949 0 180727 0 10802 SCHEDULE J, PART I THIS ENTITY RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE PRESIDENT/CEO: 1. COMPENSATION SURVEY OR STUDY 2. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE A INDIANA FINANCE AUTHORITY 351602316 45506DKU8 2013-12-27 30252027 SEE PART VI 0 0 0 B INDIANA FINANCE AUTHORITY 351602316 45506EEE9 2021-11-30 23241409 SEE PART VI 0 0 0 A 2903940 30252098 605040 3442010 26130463 74585 2015 1 0 0 1 B 23241409 464765 16475543 6300000 1 0 0 1 A 0 1 1 1 0 0.00080 0.00080 0 0 1 B 0 1 1 1 0 0.00080 0.00080 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: INDIANA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/14/2019 SCHEDULE K, PART I: THE 2013A BONDS WERE ISSUED FOR THE BENEFIT OF GREENCROFT GOSHEN, INC., ("GOSHEN") AND SOUTHFIELD VILLAGE, INC. ("SOUTHFIELD"). 69.11% OF THE PROCEEDS OF THE 2013A BONDS IS ALLOCABLE TO GOSHEN AND THE AMOUNTS IN PARTS I AND II REFLECT SUCH ALLOCATION. THE PORTION OF THE 2013A BONDS ALLOCABLE TO SOUTHFIELD IS BEING REPORTED ON SCHEDULE K TO SOUTHFIELD'S FORM 990. THE 2021A BONDS WERE ISSUED FOR THE BENEFIT OF GREENCROFT GOSHEN, INC., ("GOSHEN"), HAVEN HUBBARD HOMES, INC. D/B/A HAMILTON GROVE ("HAMILTON"), AND SOUTHFIELD. 62.80% OF THE PROCEEDS OF THE 2021A BONDS IS ALLOCABLE TO GOSHEN AND THE AMOUNTS IN PARTS I & II REFLECT SUCH ALLOCATION. THE PORTIONS OF THE 2021A BONDS ALLOCABLE TO HAMILTON AND SOUTHFIELD ARE BEING REPORTED ON SCHEDULE K TO HAMILTON AND SOUTHFIELD'S FORMS 990. SCHEDULE K, PART I, LINE A: (F) DESCRIPTION OF PURPOSE: THE GOSHEN PORTION OF THE 2013A BONDS WAS USED TO REFUND THE CITY OF GOSHEN, INDIANA REVENUE BONDS, SERIES 1998 (GREENCROFT OBLIGATED GROUP) ISSUED ON SEPTEMBER 29, 1998. A PORTION WAS ALSO USED FOR THE CONSTRUCTION AND EQUIPPING OF CAPITAL ASSETS OF GOSHEN. SCHEDULE K, PART I, LINE B: (F) DESCRIPTION OF PURPOSE: THE GOSHEN PORTION OF THE 2021A BONDS WAS USED TO REFUND THE INDIANA FINANCING AUTHORITY REVENUE BONDS, SERIES 2013B (GREENCROFT OBLIGATED GROUP) ISSUED ON DECEMBER 27, 2013. A PORTION WAS ALSO USED FOR THE CONSTRUCTION AND EQUIPPING OF CAPITAL ASSETS OF GOSHEN. SCHEDULE K, PART III, LINE 3A: THE ORGANIZATION HAS ENTERED INTO CERTAIN MANAGEMENT CONTRACT(S) WHICH DO NOT CONSTITUTE PRIVATE BUSINESS USE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS UNDER A MANAGEMENT/AFFILIATION CONTRACT WITH GREENCROFT RETIREMENT COMMUNITIES, INC. (GRC), A RELATED TAX-EXEMPT ORGANIZATION. ACCORDING TO THE AGREEMENT, GRC HAS THE SOLE AND EXCLUSIVE RIGHT TO SUPERVISE, MANAGE, AND OPERATE THE ORGANIZATION'S FACILITY ("THE FACILITY"). IN ADDITION, GRC HAS THE SOLE CONTROL AND DISCRETION WITH REGARD TO THE OPERATION AND MANAGEMENT OF THE FACILITY FOR ALL CUSTOMARY PURPOSES, AS WELL AS THE RIGHT TO DETERMINE ALL OPERATING POLICIES AFFECTING OR CONCERNING THE APPEARANCE AND MAINTENANCE STANDARDS OF OPERATION, AND ANY OTHER MATTER AFFECTING THE FACILITY OR THE OPERATION THEREOF. THE AGREEMENT TERMINATES IN JUNE 2028. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, GREENCROFT RETIREMENT COMMUNITIES, INC (GRC), THAT IS ALSO A RELATED TAX-EXEMPT ORGANIZATION. THE RESERVED POWERS OF THE SOLE MEMBER ARE AS FOLLOWS 1. APPROVAL TO ANY CHANGES IN CORPORATE MISSION, WHICH MAY BE PROPOSED BY THE ORGANIZATION, BUT WHICH SHALL BECOME EFFECTIVE ONLY UPON APPROVAL OF GRC 2. APPROVAL OF NOMINATED CANDIDATES TO SERVE AS DIRECTOR OF THE ORGANIZATION 3. THE CREATION OR DISCONTINUANCE OF PROGRAMS OR SERVICES OFFERED BY THE ORGANIZATION 4. AMENDMENTS TO THE BYLAWS AND ARTICLES OF INCORPORATION 5. APPROVAL OR THE ADOPTION OF THE ANNUAL BUDGET 6. APPROVAL OF NON-BUDGETED CONTRACTS AND/OR NON-BUDGETED PURCHASES OF OVER $50,000 7. THE INCURRENCE OF INDEBTEDNESS OVER $500,000 8. THE SALE OF REAL ESTATE 9. THE DONATION OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS 10. ANY MERGER OR CONSOLIDATION WITH ANY OTHER ORGANIZATION, OR THE PARTIAL OR TOTAL DISSOLUTION OF THE ORGANIZATION 11. THE CREATION OF SUBSIDIARY CORPORATIONS, LLCS, PARTNERSHIPS, OR OTHER ENTERPRISES 12. THE ACQUISITION OF CONTROLLING INTERESTS IN ANOTHER ENTITY 13. THE APPOINTMENT OF THE PRESIDENT/CEO, CFO, SECRETARY, AND TREASURER OF THE CORPORATION (BUT NOT THE OFFICERS OF THE BOARD OF DIRECTORS) 14. THE REMOVAL OF THE CHAIR OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE 15. THE REMOVAL OF MEMBERS OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE. NOTWITHSTANDING THESE RESERVED POWERS, THE MEMBER HAS NO FINANCIAL OBLIGATIONS OR RESPONSIBILITIES FOR ANY ACTIONS OF THE ORGANIZATION BY REASON OF SERVING AS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION B, LINE 11B A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PRESENTED BY OUR TAX ADVISORS TO THE ORGANIZATION'S AUDIT COMMITTEE AT A REGULARLY SCHEDULED MEETING. A COPY OF THE FINAL DRAFT IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO ITS FILING. THIS ALLOWS THE BOARD OF DIRECTORS AND MANAGEMENT TO REVIEW AND PROVIDE COMMENTS AND EXPLANATIONS REGARDING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. THE TREASURER REVIEWS EACH POLICY STATEMENT SIGNED BY THESE INDIVIDUALS TO DETERMINE IF ANY CONFLICTS HAVE OCCURRED AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF A CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN HIM/HERSELF FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 GREENCROFT GOSHEN, CENTRAL MANOR, MANOR II AND MANOR III'S (GG) PHILOSOPHY IS TO COMPENSATE TEAM MEMBERS IN A FAIR MANNER FOR THE WORTH OF WORK PROVIDED WITHIN THE CURRENT MARKET VALUE RANGE FOR EACH POSITION IN THE ORGANIZATION. GG CONDUCTS PERIODIC REVIEW OF THE MARKET TO DEVELOP AVERAGE WAGES FOR POSITIONS WITHIN GREENCROFT GOSHEN. GREENCROFT GOSHEN STARTS TEAM MEMBERS THAT MEET THE MINIMUM REQUIREMENTS FOR THE POSITION AT/OR NEAR THE STARTING WAGE. WE MAKE ADJUSTMENTS TO THE STARTING WAGE BASED ON YEARS OF EXPERIENCE IN THAT SPECIFIC POSITION. OUR COMPENSATION PHILOSOPHY FOR TEAM MEMBERS OF OUR ORGANIZATION IS BASED ON VARIOUS TIERS. THE FIRST TIER IS GENERAL TEAM MEMBERS. WE HAVE HIRED AN OUTSIDE CONSULTANT TO DEVELOP A COMPENSATION SYSTEM FOR ALL OF GREENCROFT GOSHEN'S POSITIONS. THE CONSULTANTS DEVELOPED A SYSTEM WITH WAGE SCALES THAT USE THE MARKETPLACE AVERAGE FOR KEY POSITIONS AS THE STARTING POINT FOR THE SCALES. THE WAGES SCALES HAVE A MINIMUM, A 25TH PERCENTILE, A 50TH PERCENTILE (AVERAGE) A 75TH PERCENTILE AND A MAXIMUM. WE STRIVE TO KEEP OUR AVERAGE FOR POSITIONS AT THE MID-POINT OF A RANGE DEVELOPED BY OUR CONSULTANTS. PERIODICALLY WE HIRE A CONSULTANT TO UPDATE THE MARKETPLACE AVERAGE FOR SEVERAL KEY POSITIONS. THE CONSULTANT WILL USE AREA MARKETPLACE DATA, LEADINGAGE DATA, AND OTHER INDUSTRY DATA TO DEVELOP THE AVERAGE. OUR COMPENSATION PHILOSOPHY FOR MANAGEMENT AND EXECUTIVE TEAM MEMBERS (DIRECTORS AND VICE PRESIDENT) OF OUR ORGANIZATION IS SLIGHTLY DIFFERENT. THE SECOND TIER IS MANAGEMENT TEAM MEMBERS. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR TEAM MEMBERS. HOWEVER, OUR POLICY STATES THAT DIRECTORS ARE LIKE OTHER TEAM MEMBERS AND CAN EARN UP TO THE 100TH PERCENTILE OF THE RANGE FOR THEIR POSITION. OUR THIRD TIER IS VICE PRESIDENT TEAM MEMBERS. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR TEAM MEMBERS. HOWEVER, THERE IS ONE DIFFERENCE. THE POLICY STATES THAT VICE PRESIDENTS CAN EARN UP TO THE 100TH PERCENTILE OF THE RANGE FOR THEIR POSITION. THE RANGE USES THE MEDIAN AS THE MID-POINT NOT THE AVERAGE. GENERALLY, THE MEDIAN IS BELOW THE AVERAGE. THE OVERALL COMPENSATION POLICY AND THE VP COMPENSATION POLICY ARE APPROVED BY THE GREENCROFT COMMUNITIES (GC) BOARD OF DIRECTORS. THE GREENCROFT GOSHEN (GG) BOARD REVIEWS THE COMPENSATION POLICIES. ANNUALLY THE GC BOARD AND THE GG BOARD REVIEW THE COMPENSATION OF THEIR RESPECTIVE EXECUTIVE TEAMS. THEY COMPARE CURRENT WAGES WITH NATIONAL DATA PROVIDED BY LEADINGAGE (FORMERLY AMERICAN ASSOCIATION OF HOMES AND SERVICES FOR THE AGING - AAHSA). THE BOARDS REVIEW THE CURRENT WAGE, THE PERCENTILE RANKING OF THE EMPLOYEE IN HIS/HER RESPECTIVE RANGE AND THE MEDIAN OF THE MARKETPLACE COMPARED TO THE MID-POINT OF THE EMPLOYEE'S RANGE. THE BOARDS DOCUMENT THESE MEETINGS AND ACTIONS TAKEN IN THEIR BOARD MINUTES. THE GG BOARD HAS REVIEWED THE BASE WAGE AND THE VARIABLE PAY FOR THE PRESIDENT OF GREENCROFT GOSHEN. IN THE FISCAL YEAR 2022 THIS POSITION WAS AT THE 74TH PERCENTILE OF THE RANGE FOR THIS POSITION IN BASE COMPENSATION, THE 82ND PERCENTILE FOR TOTAL COMPENSATION AND AT THE 0 PERCENTILE OF THE MARKET FOR THE VARIABLE PAY COMPENSATION. THIS PROCESS WAS LAST PERFORMED IN FISCAL YEAR 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART IX, LINE 11G REGISTERED NURSE: PROGRAM SERVICE EXPENSES 554,901. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 554,901. LICENSED PRACTICE NURSE: PROGRAM SERVICE EXPENSES 1,883,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,883,975. QUALIFIED MEDICATION AIDE: PROGRAM SERVICE EXPENSES 1,700,443. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,700,443. CERTIFIED NURSING ASSISTANT: PROGRAM SERVICE EXPENSES 3,086,828. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,086,828. PHYSICAL THERAPY: PROGRAM SERVICE EXPENSES 473,428. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 473,428. OCCUPATIONAL THERAPY: PROGRAM SERVICE EXPENSES 422,524. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 422,524. LAB SERVICES: PROGRAM SERVICE EXPENSES 15,689. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,689. SPEECH THERAPY: PROGRAM SERVICE EXPENSES 115,223. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,223. OTHER SERVICES: PROGRAM SERVICE EXPENSES 1,188,862. MANAGEMENT AND GENERAL EXPENSES 873,511. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,062,373. X-RAY: PROGRAM SERVICE EXPENSES 10,737. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,737. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 214,784. TRANSFER TO AFFILIATES -1,976,139. LOSS ON EXTINGUISHMENT OF DEBT -502,343. CHANGE IN INTEREST IN NET ASSETS OF FOUNDATION 8,754,000. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GREENCROFT COMMUNITIES FOUNDATION INC PO BOX 819 GOSHEN IN 46527 237126990 FUNDRAISING IN 501(C)(3) LINE 7 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANOR III INC PO BOX 819 GOSHEN IN 46527 351431475 HOUSING IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANOR II INC PO BOX 819 GOSHEN IN 46527 351377430 HOUSING IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MIDDLEBURY INC PO BOX 819 GOSHEN IN 46527 300036865 HOUSING IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT RETIREMENT COMMUNITIES INC PO BOX 819 GOSHEN IN 46527 300036587 MANAGEMENT IN 501(C)(3) LINE 12C, III-FI N/A 0 HAVEN HUBBARD HOMES INC DBA HAMILTON GROVE 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 350870110 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 OAK GROVE CHRISTIAN RETIREMENT VILLAGE INC 221 WEST DIVISION ROAD DEMOTTE IN 46310 351986767 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 SOUTHFIELD VILLAGE INC 6450 MIAMI CIRCLE SOUTH BEND IN 46614 351866553 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 WALNUT HILLS RETIREMENT COMMUNITIES INC PO BOX 129 WALNUT CREEK OH 44687 351317338 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT HOME HEALTH SERVICES INC PO BOX 819 GOSHEN IN 46527 351606010 HOME HEALTH IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT CENTRAL MANOR INC PO BOX 819 GOSHEN IN 46527 356047318 HOUSING IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 CHICAGO TRAIL VILLAGE INC 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 310990629 HOUSING IN 501(C)(3) LINE 10 HAVEN HUBBARD HOMES INC DBA HAMILTON GROVE 1 MENNONITE HEALTH SERVICES 234 S MAIN STREET SUITE A GOSHEN IN 46526 231421919 HEALTHCARE IN 501(C)(3) LINE 10 N/A 0 EDGEWATER PLACE INC 11351 LAFAYETTE PLAIN CITY ROAD PLAIN CITY OH 43064 823596152 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANAGEMENT INC PO BOX 819 GOSHEN IN 46527 270259652 MANAGEMENT SERVICES IN N/A C 1 1 1 1 1 0 0 0 0 0 1 1 1 1 1 1 1 0 1 0 GREENCROFT CENTRAL MANOR INC D 675000 CASH VALUE GREENCROFT CENTRAL MANOR INC L 149900 ACTUAL COST GREENCROFT COMMUNITIES FOUNDATION INC B 375211 CASH VALUE GREENCROFT COMMUNITIES FOUNDATION INC C 433284 CASH VALUE GREENCROFT MANOR II INC L 426873 ACTUAL COST GREENCROFT MANOR III INC D 150000 CASH VALUE GREENCROFT MANOR III INC L 229958 ACTUAL COST GREENCROFT RETIREMENT COMMUNITIES INC M 2918236 ACTUAL COST HAVEN HUBBARD HOMES INC A 31500 ACTUAL COST HAVEN HUBBARD HOMES INC D 800000 CASH VALUE