2022-05-11T08:18:03-05:00 2021-12-31 381964450 WILLIS & JURASEK PC CPAS 4100 SPRING ARBOR ROAD JACKSON MI 492019306 990 2021-01-01 383258132 SILVER MAPLES OF CHELSEA SILV 7344754111 100 SILVER MAPLES DRIVE CHELSEA MI 481181186 JULIE A DEPPNER PRESIDENT AND CEO 7344754111 2022-05-10 true JULIE A DEPPNER 999009999 NANCY L BARTON CPA P00421013 5177888660 2022-05-11 2021 2022-09-23 18:48:47Z JULIE A DEPPNER 100 SILVER MAPLES DRIVE CHELSEA MI 481181186 12739309 false X WWW.SILVERMAPLES.ORG X 1995 MI SILVER MAPLES OF CHELSEA RETIREMENT NEIGHBORHOOD IS A VIBRANT COMMUNITY THAT EXCELS AT CREATING AND SUPPORTING A POSITIVE AGING EXPERIENCE. SILVER MAPLES OF CHELSEA WILL PROMOTE ENRICHING EXPERIENCES TO INSPIRE PERSONAL GROWTH, CREATE OPPORTUNITIES TO DEVELOP MEANINGFUL RELATIONSHIPS AMONG FRIENDS, FAMILY AND COMMUNITY, AND PROVIDE A HEALTHY, SECURE AND SUPPORTIVE PLACE TO CALL HOME. OUR MISSION AND VISION IS CLEARLY ALIGNED WITH OUR PARTNERS, THE 5 HEALTHY TOWNS ORGANIZATION AND UNITED METHODIST RETIREMENT COMMUNITIES & PORTER HILLS (UMRC & PORTER HILLS). THE MISSION OF THE 5 HEALTHY TOWNS IS TO CULTIVATE IMPROVEMENTS IN PERSONAL AND COMMUNITY WELLNESS. UMRC & PORTER HILLS IS A FAITH-BASED NONPROFIT SENIOR LIVING ORGANIZATION THAT PROMOTES THE WELLNESS, DIGNITY, AND INDEPENDENCE OF OLDER ADULTS BY PROVIDING HIGH-QUALITY AND INNOVATIVE RESIDENTIAL AND SUPPORTIVE SERVICES. 9 8 177 7 0 104819 317091 8311707 8845915 424989 1501426 0 8841515 10664432 0 0 3718492 4034554 0 56703 4010759 4231771 7729251 8266325 1112264 2398107 41719939 47439863 32103947 34483627 9615992 12956236 X SILVER MAPLES OF CHELSEA RETIREMENT NEIGHBORHOOD IS A VIBRANT COMMUNITY THAT EXCELS AT CREATING AND SUPPORTING A POSITIVE AGING EXPERIENCE. SILVER MAPLES OF CHELSEA WILL PROMOTE ENRICHING EXPERIENCES TO INSPIRE PERSONAL GROWTH, CREATE OPPORTUNITIES TO DEVELOP MEANINGFUL RELATIONSHIPS AMONG FRIENDS, FAMILY AND COMMUNITY, AND PROVIDE A HEALTHY, SECURE AND SUPPORTIVE PLACE TO CALL HOME. OUR MISSION AND VISION IS CLEARLY ALIGNED WITH OUR PARTNERS, THE 5 HEALTHY TOWNS ORGANIZATION AND UNITED METHODIST RETIREMENT COMMUNITIES & PORTER HILLS (UMRC & PORTER HILLS). THE MISSION OF THE 5 HEALTHY TOWNS IS TO CULTIVATE IMPROVEMENTS IN PERSONAL AND COMMUNITY WELLNESS. UMRC & PORTER HILLS IS A FAITH-BASED NONPROFIT SENIOR LIVING ORGANIZATION THAT PROMOTES THE WELLNESS, DIGNITY, AND INDEPENDENCE OF OLDER ADULTS BY PROVIDING HIGH-QUALITY AND INNOVATIVE RESIDENTIAL AND SUPPORTIVE SERVICES. false false 7223727 8845915 SILVER MAPLES OF CHELSEA PROVIDES SENIOR CARE SERVICES, WELLNESS ACTIVITIES, AND AMENITIES FOR RESIDENT STYLE INDEPENDENT LIVING HOUSING AND LICENSED ASSISTED LIVING ACCOMMODATIONS. THE MEADOWS ASSISTED LIVING OFFERS APARTMENTS FOR COUPLES AND INDIVIDUALS WHO VALUE THE INDEPENDENCE OF HOME AND THE CONVENIENCE OF ON-SITE LICENSED CARE. RESIDENTS RECEIVE THREE NUTRITIOUS MEALS EVERY DAY, SERVED IN MULTIPLE DINING VENUES. THERE ARE FOUR LEVELS OF ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, WEEKLY HOUSEKEEPING AND LAUNDRY, AND WELL- BALANCED AND DYNAMIC EVENT AND ACTIVITY PROGRAMMING. RESIDENTIAL INDEPENDENT LIVING CONDO STYLE HOMES AND APARTMENTS ARE PROVIDED FOR INDIVIDUALS AND COUPLES WHO VALUE COMFORT, CONVENIENCE, AND COMMUNITY. SEVERAL DISTINCTIVE OPTIONS ARE AVAILABLE, WITH AMENITIES SUCH AS 10 TO 20 MEALS PER MONTH, UTILITIES, 24-HOUR IN-HOUSE CALL SYSTEMS, MAINTENANCE SERVICES, LOCAL TRANSPORTATION, AND A MULTI- FACETED EVENT AND ACTIVITY PROGRAM WITH AN EMPHASIS ON OVERALL WELLNESS. THE SILVER LINING FUND IS A PROGRAM CONCEIVED BY AND FOR RESIDENTS OF SILVER MAPLES TO PROVIDE FINANCIAL ASSISTANCE TO ANY RESIDENT WHO OUTLIVES HIS OR HER FINANCIAL ASSETS, ENSURING THEY ALWAYS HAVE A HOME AT SILVER MAPLES. EACH DONATION TO THE SILVER LINING FUND HAS A DIRECT IMPACT ON AN INDIVIDUAL IN NEED. IN ADDITION TO PROVIDING EVENTS AND RESOURCES FOR OUR RESIDENTS, SILVER MAPLES SUPPORTS THE LOCAL COMMUNITY. SILVER MAPLES IS A VERY ACTIVE MEMBER OF THE CHELSEA COMMUNITY AND A MEMBER OF BOTH THE CHELSEA AREA CHAMBER OF COMMERCE AND THE DEXTER AREA CHAMBER OF COMMERCE. SILVER MAPLES SPONSORS AND PARTICIPATES IN MANY LOCAL GROUPS, EVENTS, AND ORGANIZATIONS, INCLUDING: ALZHEIMER'S ASSOCIATION, RELAY FOR LIFE, SOUNDS & SIGHTS, THE CHELSEA SENIOR CENTER, AND THE CHELSEA ROTARY CLUB, TO NAME A FEW. SILVER MAPLES HOSTS AN ANNUAL EVENING OF CIVIL DISCOURSE FOR COMMUNITY MEMBERS AND ELECTED OFFICIALS; SEVERAL CHELSEA ARTIST GUILD AND ANN ARBOR ARTIST GUILD ART DISPLAYS; AS WELL AS MANY CHELSEA ROTARY CLUB AND CHELSEA CHAMBER EVENTS. RESIDENTS AND STAFF OF SILVER MAPLES ARE MEMBERS OF SERVICE ORGANIZATIONS, THE CHELSEA GARDEN CLUB, THE FARM TO TABLE EVENT IN CHELSEA, THE CHELSEA SENIOR CENTER, AND THE CHELSEA ARTISTS GUILD. SEVERAL RESIDENTS ALSO PARTICIPATE IN THE EMERSON SCHOOL MENTORSHIP PROGRAM AND SERVE AS READERS FOR NORTH CREEK ELEMENTARY SCHOOL. THE CEO/EXECUTIVE DIRECTOR OF SILVER MAPLES IS AN ACTIVE MEMBER OF THE ROTARY CLUB OF CHELSEA AND SERVES ON THE BOARD OF THE CHELSEA CHAMBER OF COMMERCE AND THE CHELSEA SENIOR CENTER. 7223727 true true false false false false false false true false true false false false true true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false true 31 0 177 true false false false false false false false false X 9 8 false false false false true true true true true false false true true true true true true true true false MI X MARK ROYCE 7344754111 100 SILVER MAPLES DRIVE CHELSEA MI 48118 JULIE A DEPPNER PRESIDENT AN 40.00 X X 197928 0 9500 JIM ALFORD DIRECTOR X 0 0 0 STEVE FETYKO CHAIRPERSON X X 0 0 0 KIM HOPPE DIRECTOR X 0 0 0 NICOLE MAAG DIRECTOR X 0 0 0 STEVE PETTY DIRECTOR X 0 0 0 ELIZABETH PIELSTICKER DIRECTOR X 0 0 0 TODD RAEHTZ DIRECTOR X 0 0 0 GARY ZENZ SECRETARY/TR X X 0 0 0 197928 9500 1 false true false AZ SHMINA 11711 GRAND RIVER ROAD BRIGHTON MI 48116 CONSTRUCTION 4308504 THE SUMMIT COMPANY 13191 WAYNE ROAD LIVONIA MI 48150 CONSTRUCTION 344470 ORANGE EGG ADVERTISING INC 5165 HELLNER ROAD SUITE 200 ANN ARBOR MI 48105 ADVERTISING 175990 LUMINAUT 1100 SYCAMORE STREET CINCINNATI OH 45202 INTERIOR DECOR. 138290 4 317091 317091 RESIDENT SERVICE REVENUE 8365499 8365499 AMORT. OF DEFERRED REVENUE 480416 480416 8845915 1241814 1241814 2334489 2074877 259612 259612 259612 10664432 9105527 1241814 197928 197928 3027292 2674663 311051 41578 106411 89318 15737 1356 458431 392737 60278 5416 244492 204052 37291 3149 21728 14138 7590 14138 14138 107599 107599 213832 155810 57322 700 186513 186265 248 7981 1707 3718 2556 44107 20380 23727 360281 331753 28528 17438 13215 4223 228393 228393 1525287 1525287 123080 123080 FOOD 424111 424111 REAL ESTATE TAXES 309580 309580 REPAIRS AND MAINTENANCE 241843 206984 34859 OPERATING SUPPLIES 216324 215506 818 189536 106748 81088 1700 8266325 7223727 985895 56703 542250 2761780 3619079 300912 2500 1850 18690 53551 28449 30934 21145 23847 128088 151048 45173554 20908493 20091617 24265061 17114558 19715215 153563 135665 41719939 47439863 1561440 700106 1848897 3165725 11885000 11295000 461652 169000 16346958 19153796 32103947 34483627 X 8539474 11451508 1076518 1504728 9615992 12956236 41719939 47439863 X 2398107 843293 98844 X false true X true false X 365480 69010 62197 104819 317091 918597 8166740 8113798 8308107 8311707 8845915 41746267 8532220 8182808 8370304 8416526 9163006 42664864 11970 47001 50243 106571 57803 273588 11970 47001 50243 106571 57803 273588 42391276 393119 451230 443111 394750 1241814 2924024 393119 451230 443111 394750 1241814 2924024 8925339 8634038 8813415 8811276 10404820 45588888 0.92990 0.94770 0.06000 0.05000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 651562 651562 34070944 13336799 20734145 5550369 4707516 842853 4900679 2864178 2036501 24265061 REFUNDABLE ENTRANCE FEES 19059565 INTEREST RATE SWAP 94231 19153796 X 11606569 843293 98844 942137 10664432 10664432 8266325 8266325 8266325 SCHEDULE D, PAGE 2, PART IV, LINE 2B SILVER MAPLES OF CHELSEA MAINTAINS A SEPARATE BANK ACCOUNT AT CHELSEA STATE BANK FOR DEPOSITS FROM PROSPECTIVE RESIDENTS WHO WISH TO BE ADMITTED TO THE WAIT LIST OR WHO ARE MAKING THEIR LIFE LEASE PAYMENTS PRIOR TO MOVING INTO SILVER MAPLES. AFTER BECOMING A RESIDENT OF SILVER MAPLES, AND AFTER EXPIRATION OF THE SEVEN-DAY RESCISSION PERIOD, SILVER MAPLES, AT ITS SOLE DISCRETION, MAY TRANSFER ANY ENTRANCE FEES PAID BY A MEMBER FROM THE INITIAL ESCROW ACCOUNT TO THE OPERATING ACCOUNT OF SILVER MAPLES. SCHEDULE D, PAGE 3, PART X PROFESSIONAL STANDARDS REQUIRE AN ANALYSIS OF UNCERTAIN TAX POSITIONS FOR THE PURPOSE OF DETERMINING WHETHER BENEFITS ASSOCIATED WITH THOSE POSITIONS MAY BE RECOGNIZED FOR FINANCIAL STATEMENT PURPOSES. BASED UPON THIS ANALYSIS, NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. SCHEDULE D, PAGE 4, PART XI, LINE 2D INTEREST RATE SWAP 98,844 SCHEDULE D, PAGE 4, PART XII, LINE 2D INTEREST RATE SWAP 0 X X X false false false false false false false false false JULIE A DEPPNER PRESIDENT AND CEO 181328 16600 9141 359 207428 A CHELSEA ECONOMIC DEVELOPMENT CORP 163347BH9 2013-06-29 5700000 REFUNDING OF 2006 BONDS false false false B CHELSEA ECONOMIC DEVELOPMENT CORP CHELSEA ECONOMIC DEVELOPMENT CORP 163347BH9 2013-06-29 13300000 REFUNDING OF 2006 BONDS false false false A 5075000 5700000 false true true true B 2630000 13300000 false true true true A false false false false false false false B false false false false false false false A false false false false true false false false false B false false false false true false false false false A false B false PURPOSE OF ISSUE DESCRIPTION CHELSEA ECONOMIC DEVELOPMENT CORP. REFUNDING OF 2006 BONDS PURPOSE OF ISSUE DESCRIPTION CHELSEA ECONOMIC DEVELOPMENT CORP. REFUNDING OF 2006 BONDS FORM 990 - ORGANIZATION'S MISSION SILVER MAPLES OF CHELSEA RETIREMENT NEIGHBORHOOD IS A VIBRANT COMMUNITY THAT EXCELS AT CREATING AND SUPPORTING A POSITIVE AGING EXPERIENCE. SILVER MAPLES OF CHELSEA WILL PROMOTE ENRICHING EXPERIENCES TO INSPIRE PERSONAL GROWTH, CREATE OPPORTUNITIES TO DEVELOP MEANINGFUL RELATIONSHIPS AMONG FRIENDS, FAMILY AND COMMUNITY, AND PROVIDE A HEALTHY, SECURE AND SUPPORTIVE PLACE TO CALL HOME. OUR MISSION AND VISION IS CLEARLY ALIGNED WITH OUR PARTNERS, THE 5 HEALTHY TOWNS ORGANIZATION AND UNITED METHODIST RETIREMENT COMMUNITIES & PORTER HILLS (UMRC & PORTER HILLS). THE MISSION OF THE 5 HEALTHY TOWNS IS TO CULTIVATE IMPROVEMENTS IN PERSONAL AND COMMUNITY WELLNESS. UMRC & PORTER HILLS IS A FAITH-BASED NONPROFIT SENIOR LIVING ORGANIZATION THAT PROMOTES THE WELLNESS, DIGNITY, AND INDEPENDENCE OF OLDER ADULTS BY PROVIDING HIGH-QUALITY AND INNOVATIVE RESIDENTIAL AND SUPPORTIVE SERVICES. FORM 990, PAGE 2, PART III, LINE 4A SILVER MAPLES OF CHELSEA PROVIDES SENIOR CARE SERVICES, WELLNESS ACTIVITIES, AND AMENITIES FOR RESIDENT STYLE INDEPENDENT LIVING HOUSING AND LICENSED ASSISTED LIVING ACCOMMODATIONS. THE MEADOWS ASSISTED LIVING OFFERS APARTMENTS FOR COUPLES AND INDIVIDUALS WHO VALUE THE INDEPENDENCE OF HOME AND THE CONVENIENCE OF ON-SITE LICENSED CARE. RESIDENTS RECEIVE THREE NUTRITIOUS MEALS EVERY DAY, SERVED IN MULTIPLE DINING VENUES. THERE ARE FOUR LEVELS OF ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, WEEKLY HOUSEKEEPING AND LAUNDRY, AND WELL- BALANCED AND DYNAMIC EVENT AND ACTIVITY PROGRAMMING. RESIDENTIAL INDEPENDENT LIVING CONDO STYLE HOMES AND APARTMENTS ARE PROVIDED FOR INDIVIDUALS AND COUPLES WHO VALUE COMFORT, CONVENIENCE, AND COMMUNITY. SEVERAL DISTINCTIVE OPTIONS ARE AVAILABLE, WITH AMENITIES SUCH AS 10 TO 20 MEALS PER MONTH, UTILITIES, 24-HOUR IN-HOUSE CALL SYSTEMS, MAINTENANCE SERVICES, LOCAL TRANSPORTATION, AND A MULTI- FACETED EVENT AND ACTIVITY PROGRAM WITH AN EMPHASIS ON OVERALL WELLNESS. THE SILVER LINING FUND IS A PROGRAM CONCEIVED BY AND FOR RESIDENTS OF SILVER MAPLES TO PROVIDE FINANCIAL ASSISTANCE TO ANY RESIDENT WHO OUTLIVES HIS OR HER FINANCIAL ASSETS, ENSURING THEY ALWAYS HAVE A HOME AT SILVER MAPLES. EACH DONATION TO THE SILVER LINING FUND HAS A DIRECT IMPACT ON AN INDIVIDUAL IN NEED. IN ADDITION TO PROVIDING EVENTS AND RESOURCES FOR OUR RESIDENTS, SILVER MAPLES SUPPORTS THE LOCAL COMMUNITY. SILVER MAPLES IS A VERY ACTIVE MEMBER OF THE CHELSEA COMMUNITY AND A MEMBER OF BOTH THE CHELSEA AREA CHAMBER OF COMMERCE AND THE DEXTER AREA CHAMBER OF COMMERCE. SILVER MAPLES SPONSORS AND PARTICIPATES IN MANY LOCAL GROUPS, EVENTS, AND ORGANIZATIONS, INCLUDING: ALZHEIMER'S ASSOCIATION, RELAY FOR LIFE, SOUNDS & SIGHTS, THE CHELSEA SENIOR CENTER, AND THE CHELSEA ROTARY CLUB, TO NAME A FEW. SILVER MAPLES HOSTS AN ANNUAL EVENING OF CIVIL DISCOURSE FOR COMMUNITY MEMBERS AND ELECTED OFFICIALS; SEVERAL CHELSEA ARTIST GUILD AND ANN ARBOR ARTIST GUILD ART DISPLAYS; AS WELL AS MANY CHELSEA ROTARY CLUB AND CHELSEA CHAMBER EVENTS. RESIDENTS AND STAFF OF SILVER MAPLES ARE MEMBERS OF SERVICE ORGANIZATIONS, THE CHELSEA GARDEN CLUB, THE FARM TO TABLE EVENT IN CHELSEA, THE CHELSEA SENIOR CENTER, AND THE CHELSEA ARTISTS GUILD. SEVERAL RESIDENTS ALSO PARTICIPATE IN THE EMERSON SCHOOL MENTORSHIP PROGRAM AND SERVE AS READERS FOR NORTH CREEK ELEMENTARY SCHOOL. THE CEO/EXECUTIVE DIRECTOR OF SILVER MAPLES IS AN ACTIVE MEMBER OF THE ROTARY CLUB OF CHELSEA AND SERVES ON THE BOARD OF THE CHELSEA CHAMBER OF COMMERCE AND THE CHELSEA SENIOR CENTER. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION WAS FORMED BY TWO MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS SHALL CONSIST OF SEVEN (7) TO NINE (9) DIRECTORS. (A)THREE DIRECTORS SHALL BE DEEMED EX-OFFICIO DIRECTORS WITH VOTE, AND SHALL BE THE PERSONS HOLDING THE POSITION OF PRESIDENT/CEO (OR OFFICE OF COMPARABLE RANK AND RESPONSIBILITY) OF EACH OF THE TWO MEMBERS AND THE CORPORATION. (B) EACH MEMBER SHALL APPOINT NO LESS THAN ONE (1) OR MORE THAN TWO (2) ADDITIONAL DIRECTORS; PROVIDED PERSONS APPOINTED AS DIRECTORS MEET THE RESPECTIVE MEMBER ORGANIZATION'S CRITERIA. (C) SILVER MAPLES BOARD WILL APPOINT TWO (2) COMMUNITY MEMBERS. (D) OTHER THAN THE MEMBERS, DIRECTORS MAY NOT BE EMPLOYEES OR BOARD MEMBERS OF ANY ORGANIZATION THAT OPERATES SENIOR LIVING SERVICES OR COMMUNITIES. ANY EXCEPTION MUST BE APPROVED BY BOTH MEMBER ORGANIZATIONS. (E) DIRECTORS, OTHER THAN EX-OFFICIO DIRECTORS, SHALL SERVE UP TO THREE TWO-YEAR TERMS OR UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED, NOT TO EXCEED A TOTAL OF SIX CONSECUTIVE YEARS OF SERVICE, EXCLUSIVE OF PERIODS SERVED AS AN EX-OFFICIO DIRECTOR. (F) EACH MEMBER ORGANIZATION MAY ELECT TO EXTEND THE TERM OF ONE (1) DIRECTOR FROM THAT MEMBER ORGANIZATION FOR A FOURTH TWO-YEAR TERM. FORM 990, PAGE 6, PART VI, LINE 7B THE CORPORATE BY-LAWS RESERVE SPECIFIC POWERS TO THE MEMBERS THAT ARE NOT DELEGATED TO THE BOARD OF DIRECTORS AND INCLUDE: APPROVAL OF THE ANNUAL CAPITAL AND OPERATING BUDGETS FOR THE CORPORATION; APPROVAL OF THE SELECTION AND REMOVAL OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER OF THE CORPORATION; ELECTION OF DIRECTORS; APPROVAL OF ANY BORROWING; APPROVAL OF ANY AND ALL AMENDMENTS OR ALTERATIONS OF THE BYLAWS OR ARTICLES OF INCORPORATION; APPROVAL OF ANY PLANS OF MERGER, CONSOLIDATION OR DISSOLUTION OF THE CORPORATION; APPROVAL OF THE FORMATION OR ACQUISITION OF NEW SUBSIDIARIES OF THE CORPORATION OR THE SALE OR OTHER DISPOSITION OF EXISTING SUBSIDIARIES; AND APPROVAL OF THE SALE, LEASE, MORTGAGE OR OTHER DISPOSITION OF SUBSTANTIALLY ALL OF THE ASSETS OWNED, HELD, OR LEASED BY OR TO THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF FORM 990 IS SENT TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO THE FILING OF THE FORM. THE CEO OF THE CORPORATION AND DIRECTOR OF FINANCE ARE AVAILABLE TO ANSWER QUESTIONS. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST FORMS ARE REQUIRED TO BE COMPLETED AND SUBMITTTED ANNUALLY BY ALL BOARD MEMBERS. THESE FORMS ARE THEN REVIEWED AND ANY CHANGES ARE MONITORED BY THE BOARD AND MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION OBTAINS DATA FROM SIMILAR ORGANIZATIONS TO COMPARE COMPENSATION FOR THE PRESIDENT/CEO. THE BOARD USES THIS INFORMATION AND VOTES ON AN ANNUAL BASIS. THE PRESIDENT, WHO NORMALLY HAS A VOTE, DOES NOT VOTE ON HIS/HER OWN COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B SEE 15A. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS AND FORM 990 ARE FURNISHED UPON WRITTEN REQUEST. THE CHAIRPERSONS FOR THE ORGANIZATION'S INDEPENDENT LIVING AND ASSISTED LIVING ATTEND ALL BOARD MEETINGS AND ARE SUPPLIED WITH ALL INFORMATION ON THE AGENDA. FORM 990, PART XI, LINE 9 INTEREST RATE SWAP GAIN 98,844 INTEREST RATE SWAP LOSS 0 TOTAL 98,844