2022-12-20T11:34:56-06:00 2021-12-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2021-01-01 311671731 SKIDAWAY HEALTH AND LIVING SERVICES INC SKID 9125983601 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 AMANDA ELLIOTT EXECUTIVE DIRECTOR 9125983601 2022-12-20 1 AMANDA ELLIOTT 999009999 HARRY E HARP CPA P00176471 4077405400 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CHARLES KOEPKE 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 17611284 0 X WWW.MARSHESOFSKIDAWAY.ORG X 1999 GA OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY ENRICHING THE LIVES AND WELL-BEING OF SENIORS. 13 13 303 13 0 0 1367503 20222 16321693 17201657 235994 345429 0 0 17925190 17567308 0 0 0 0 6685833 6502415 0 0 0 11267068 9161654 17952901 15664069 -27711 1903239 83431593 89340251 139883179 141888373 -56451586 -52548122 SKIDAWAY HEALTH AND LIVING SERVICES, INC. IS A COMMUNITY-BASED ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS THROUGH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 0 0 13670589 17201657 THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY ("CCRC") OPERATING UNDER THE NAME "THE MARSHES OF SKIDAWAY ISLAND" (THE COMMUNITY) AND OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO OCCUPANCY AGREEMENTS THAT REQUIRE PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THE COMMUNITY INCLUDES 182 INDEPENDENT LIVING UNITS, 175 OF WHICH WERE OCCUPIED AS OF DECEMBER 31, 2021. THE COMMUNITY'S SKILLED NURSING FACILITY OFFERS 24-HOUR NURSING SERVICES VIA 23 SKILLED NURSING CARE BEDS. THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO RESIDENTS OF 21 ASSISTED LIVING UNITS. OTHER SERVICES INCLUDE FOOD SERVICE AND IN-HOME HEALTH CARE. 13670589 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 48 0 1 303 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X LORNA CARSWELL 9125985030 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 MICHAEL REESE FOOD AND BEVERAGE DIRECTOR 40.00 X 115649 0 7011 LORNA CARSWELL ACCOUNTING DIRECTOR 40.00 X 93993 0 9192 AMANDA ELLIOTT EXECUTIVE DIRECTOR 40.00 X 0 0 0 CHARLES KOEPKE PRESIDENT 0.50 X X 0 0 0 BILL STERRITT VICE PRESIDENT 0.50 X X 0 0 0 ROBERT J MCGUIRK TREASURER 0.50 X X 0 0 0 MARTIN L WALSH SECRETARY 0.50 X X 0 0 0 JAMES S GAINER JR MD MEMBER 0.50 X 0 0 0 SUSAN Y HELMS MEMBER 0.50 X 0 0 0 SARAH J LAMAR MEMBER 0.50 X 0 0 0 VICKI WILSON MCELREATH MEMBER 0.50 X 0 0 0 RAMON MEGUIAR MEMBER 0.50 X 0 0 0 MICHAEL D ROUTHIER CPA MEMBER 0.50 X 0 0 0 MOLLY SISSON MEMBER 0.50 X 0 0 0 THOMAS E SOULS MEMBER 0.50 X 0 0 0 BARBARA M THIOS MEMBER 0.50 X 0 0 0 209642 0 16203 1 0 0 0 LIFE CARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT FEES 823296 HEALTH PRO-HERITAGE LLC 536 PO BOX 69268 BALTIMORE MD 21264 THERAPY CONTRACTOR 336932 CORNERSTONE RENOVATION GROUP LLC 410 PEACHTREE PARKWAY CUMMINGS GA 30041 CONSTRUCTION SERVICES 290000 BRANNEN CONSTRUCTION 1311 EAST 59TH STREET SAVANNAH GA 31404 CONSTRUCTION SERVICES 275567 SAVANNAH FLOOR COVERINGS 1215 E HIGHWAY 80 STE 300 POOLER GA 31322 CONSTRUCTION SERVICES 239571 6 20222 20222 MONTHLY SERVICE FEES 623000 12342923 12342923 HEALTHCARE FEES 623000 1691346 1691346 EARNED ENTRANCE FEES 623000 1376657 1376657 OTHER RESIDENT REVENUE 623000 957335 957335 HOME HEALTH SERVICE FEES 623000 833396 833396 17201657 389405 389405 22426 21550 -22426 -21550 -43976 -43976 17567308 17201657 0 345429 347273 347273 5197853 4428540 769313 13400 13400 535924 466097 69827 407965 303362 104603 760961 570721 190240 7957 7957 44619 44619 161753 161753 257648 257648 23370 18664 4706 2597374 2563792 33582 3674 3674 799603 789591 10012 3320396 3278820 41576 166723 124992 41731 FOOD EXPENSE 670728 670728 SUPPLIES & EQUIPMENT 261893 260110 1783 MISCELLANEOUS 27948 27948 EMPLOYEE EXPENSES 23994 21661 2333 33013 8084 24929 15664069 13670589 1993480 0 4670523 8653279 12446185 10684059 377456 335985 109904 108787 165921 138404 105131158 44860613 60928977 60270545 4649643 9061592 79684 84300 3300 3300 83431593 89340251 655810 788154 6005935 5940412 46540896 46461221 86680538 88698586 139883179 141888373 X -56493196 -52609954 41610 61832 -56451586 -52548122 83431593 89340251 X 1903239 340225 1660000 X X 0 1 X 1 0 X 10000 1367503 20222 1397725 14939868 15171967 15537224 16321693 17201657 79172409 14939868 15171967 15547224 17689196 17221879 80570134 0 0 0 80570134 153582 220644 314340 382798 389405 1460769 153582 220644 314340 382798 389405 1460769 59447 1493559 848131 2401137 15152897 16886170 16709695 18071994 17611284 84432040 0.95430 0.95430 0.01730 0.01410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3400000 3400000 94789560 41190917 53598643 4788686 3669696 1118990 2152912 2152912 60270545 817000 F MONEY MARKET FUNDS 343630 F CORPORATE EQUITIES 953964 F CORPORATE BONDS 106161 F MUTUAL FUNDS 6840837 F 9061592 DEPOSITS 1401683 REFUNDABLE ENTRANCE FEES PAYABLE 87296903 88698586 X 19567533 340225 1660000 2000225 17567308 0 17567308 15664069 0 15664069 0 15664069 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF GEORGIA AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THESE FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. AS OF DECEMBER 31, 2021, WITH CERTAIN STATUTORY EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL OR STATE OF GEORGIA TAXING AUTHORITIES FOR ANY YEARS BEFORE THE TAX YEAR ENDED DECEMBER 31, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 1,660,000. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A MANAGEMENT COMPANY, LIFE CARE SERVICES LLC (LCS), TO MANAGE THE DAY-TO-DAY OPERATIONS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES, DIRECTIVES, AND GOALS. THE EXECUTIVE DIRECTOR OF THE HEALTH CARE CENTER IS A LCS EMPLOYEE. THE FILING ORGANIZATION REIMBURSED LCS IN THE AMOUNT OF $253,279 FOR EXECUTIVE DIRECTOR SERVICES PROVIDED DURING THE CURRENT YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN ITS ENTIRETY BY THE CHAIR OF THE FINANCE COMMITTEE BEFORE IT IS FILED WITH THE IRS. A COPY OF THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHENEVER A CONFLICT IS IDENTIFIED THROUGH THE ANNUAL DISCLOSURE PROCESS. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS RESTS IN THEIR DISCRETION, AND THEIR CONCERN IS THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT MANAGEMENT COMPANY AND DOES NOT DIRECTLY PAY COMPENSATION TO ITS TOP MANAGEMENT OFFICIAL. PLEASE SEE THE DISCUSSION CONCERNING THE BOARD-APPROVED MANAGEMENT AGREEMENT IN RESPONSE TO PART VI, LINE 3. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND FOR REVIEW IN ITS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 1,660,000. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDIT: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GENERAL DISCLOSURE: SOCIAL ACCOUNTABILITY THE ORGANIZATION PROVIDES VARIOUS OPPORTUNITIES TO IMPROVE THE LIVES OF THE SENIORS IN THE AREA AND TO GIVE BACK TO THE COMMUNITY IN WHICH THE ORGANIZATION SERVES. ACTIVITY PERFORMED THROUGHOUT THE REPORTING YEAR BY THE ORGANIZATION'S EMPLOYEES AND RESIDENTS ON A VOLUNTEER BASIS INCLUDES: 1) ORGANIZED A PANCAKE BREAKFAST, SPAGHETTI LUNCH, CHEESEBURGER IN PARADISE AND DRESS DOWN FUNDRAISERS, A BACKPACK GIVEAWAY AND A CAR WASH FOR THE ALZHEIMER'S ASSOCIATION 2) DONATED 322 POUNDS OF FOOD TO AMERICA'S SECOND HARVEST 3) REACHED OUT TO MINORITIES, DISABLED AND OTHER UNDERSERVED AT THE SALVATION ARMY AND GAVE TEDDY BEAR DONATIONS. 4) REACHED OUT TO FAMILIES BEING SERVED BY THE RONALD MCDONALD FOUNDATION AND DONATED "SNUGGLY BUNNIES." THE ORGANIZATION'S EMPLOYEES AND RESIDENTS COLLECTED MONETARY DONATIONS OVER $15,000, WHICH WERE DISTRIBUTED TO THE FOLLOWING: 1) ALZHEIMER'S ASSOCIATION 2) AMERICA'S SECOND HARVEST 3) BETHESDA ACADEMY 4) CHRIST CHURCH EPISCOPAL 5) DANA THOMAS HOUSE 6) DARTMOUTH 7) HARDSHIP FUND 8) HOSPICE SAVANNAH FOUNDATION 9) HUMANE SOCIETY OF GREATER SAVANNAH 10) INDEPENDENT PRESBYTERIAN CHURCH 11) ISLE OF HOPE UNITED METHODIST CHURCH 12) LANDLOVERS FOUNDATION 13) PARKINSON'S FOUNDATION 14) SAVANNAH MUSIC FESTIVAL 15) SKIDAWAY ISLAND UNITED METHODIST CHURCH 16) SENIOR CITIZENS, INC. 17) ST. PETER'S EPISCOPAL 18) SOCIAL APOSTOLATE 19) MARSHES ENDOWMENT FUND