2022-11-15T12:26:43-06:00 2021-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2021-01-01 231900132 ACTS RETIREMENT-LIFE COMMUNITIES INC ACTS 2156618330 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 SUSAN AHERN SENIOR VICE PRESIDENT, CFO 2156618330 2022-11-14 1 SUSAN AHERN 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GERALD T GRANT 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 575527170 0 X WWW.ACTSRETIREMENT.ORG X 1971 PA ACTS' PURPOSE IS TO SERVE OLDER ADULTS SIXTY-TWO YEARS OF AGE AND OLDER, PROVIDING RETIREMENT-LIFE SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING CARE AND COMPLEMENTARY SERVICES; RESPONSIVE TO RESIDENT NEEDS IN A CHRISTIAN MANNER WITHOUT PREJUDICE OR PREFERENCE TO ANY FAITH, IN AN EXPRESSION OF LOVING KINDNESS. 17 16 7018 1697 0 0 19473479 6081827 436594181 439805798 9064820 12223088 4902756 7584320 470035236 465695033 116413 136296 0 0 208401824 203337630 0 0 0 251614126 258989637 460132363 462463563 9902873 3231470 1756818776 1794608174 1618283227 1656203817 138535549 138404357 X ACTS IS COMMITTED TO PROVIDING SECURITY AND PEACE OF MIND TO SENIORS BY BEING THE PRE-EMINENT PROVIDER OF RETIREMENT-LIFE SERVICES, RESPONSIVE TO INDIVIDUAL, SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE GRACED WITH LOVING-KINDNESS, DIGNITY, SENSITIVITY, HONESTY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE. 0 0 393432808 136296 439805798 ACTS PROVIDES COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDE INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY, HOUSEKEEPING, MAINTENANCE SERVICES AND SOCIAL, CULTURAL, EDUCATIONAL, SPIRITUAL AND RECREATIONAL ACTIVITIES. IN ADDITION, WHEN A RESIDENT'S HEALTH CARE NEEDS CHANGE, ACTS OFFERS HOME HEALTH, ASSISTED LIVING, SKILLED NURSING CARE AND HOSPICE SERVICES. ALL PHYSICAL ACCOMMODATIONS AND SERVICES ARE PROVIDED IN ITS CONTINUING CARE RETIREMENT COMMUNITIES UNDER THE TERMS OF A FORMAL LIFECARE AGREEMENT WHICH ALSO ASSURES THAT ASSISTED LIVING AND SKILLED NURSING CARE WILL BE PROVIDED TO RESIDENTS WHEN THEY NEED IT, WITHOUT A CHANGE IN THEIR MONTHLY FEE, THEREBY OFFERING FURTHER SECURITY AND PEACE OF MIND. IN 2021, ACTS SERVED, ON AVERAGE, 6,606 RESIDENTS IN INDEPENDENT LIVING, 643 RESIDENTS IN ASSISTED LIVING, AND 966 RESIDENTS IN SKILLED CARE. 393432808 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 720 0 7018 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 1 1 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NC FL GA SC AL MD X SUSAN AHERN SENIOR VICE PRESIDENT 2156618330 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 X ANNLOUISE DEVENNEY DIRECTOR 2.00 0.10 X 0 0 0 DANIEL W LAWSON II DIRECTOR 0.50 0.10 X 0 0 0 DILIP A KULATHUM VICE CHAIRMAN 2.00 4.60 X X 0 0 0 ELRIC C GERNER DIRECTOR AND SECRETARY 1.70 1.40 X X 0 0 0 GEORGE R GUNN JR DIRECTOR 1.20 0.30 X 0 0 0 GERALD T GRANT CEO 30.00 23.10 X X 0 772070 473415 H BRUCE DETWEILER DIRECTOR 0.80 0.50 X 0 0 0 JAMES H WORTH DIRECTOR 1.00 X 0 0 0 JOHN E LAMMERS MD DIRECTOR 1.00 0.50 X 0 0 0 JOHN L ESTERHAI JR MD DIRECTOR & CHAIRMAN 2.00 2.30 X X 0 0 0 LARRY D MARR DIRECTOR 0.30 X 0 0 0 MARVIN MASHNER DIRECTOR 2.50 2.15 X 0 0 0 MICHAEL D KELLY DIRECTOR & TREASURER 2.00 0.50 X X 0 0 0 ROBERT B EVANS DIRECTOR 4.00 2.00 X 0 0 0 SUSAN B ALLMOND DIRECTOR 1.50 0.20 X 0 0 0 THOMAS A DUNN III DIRECTOR 2.00 0.20 X 0 0 0 THOMAS D CLEMENS DIRECTOR 1.00 1.00 X 0 0 0 CHARLES W COXSON III EXEC VP/COO 30.00 15.00 X 0 451589 355005 CHRISTOPHER J HARTMAN SR VP, IT OPERATIONS 30.00 15.00 X 0 212139 19265 DEIRDRE GROENEN SVP HUMAN RESOURCES OFFICER 30.00 15.00 X 0 282871 17987 GARY J N GINTER SVP PROCUREMENT & CONTRACT MGMT. 33.00 12.00 X 0 283306 25462 GEORGE R BRYAN VP, SOUTHEAST REGION 30.00 16.00 X 0 289608 30262 GLENN D FOX EXEC VP, LEGAL, ASST. SECRETARY 25.00 23.10 X 0 423640 320305 HOLLY S SCHADE SVP, CHIEF CLINICAL OFFICER 0.00 45.00 X 0 359454 19144 IAIN W CRICHTON VP MISSION SUPP/SPIRITUAL 30.00 15.00 X 0 213279 22175 JAMES H PETTY SVP, STRATEGY & MISSION DEVEL. 30.00 15.00 X 0 317984 30619 JEFFERSON D KAIGHN EXEC VP/CAO 30.00 15.00 X 0 408538 205922 JEREMY O NEELY VP, NORTHEAST REGION 30.00 15.00 X 0 286709 23373 JONATHAN D GRANT SVP, COMMUNITY OPERATIONS 30.00 18.10 X 0 348130 21131 KAREN I CHRISTIANSEN PRESIDENT & ASSISTANT TREASURER 30.00 22.10 X 0 577532 203950 KENNETH J KARMERIS SVP, REAL ESTATE & DEVEL. SERVICES 25.00 20.00 X 0 316411 26853 LORI M WOODWARD SVP CHIEF MARKETING OFFICER 25.00 20.00 X 0 342916 19090 MEGAN LONGLEY VP SALES 30.00 15.00 X 0 268698 17986 PATRICK M PLUMADORE VP, HOSPITALITY & RESTAUR. SVC. 30.00 15.00 X 0 275596 11664 PAUL M REINBOLD MD CMD VP & CHIEF MEDICAL DIRECTOR 30.00 15.00 X 0 319723 21281 PETER J KRESS VP/CIO 30.00 15.00 X 0 309109 28008 RICHARD A WINTER SVP, CFO (RET. 6/21) 30.00 18.10 X 0 412124 15141 SEAN T FLETCHER VP PROP. MGT & CONSTRUCTION SVC. 30.00 15.00 X 0 239033 17177 STEPHEN LAPIERRE VP, CHESAPEAKE REGION 30.00 15.00 X 0 277513 18402 STEPHEN V EGGLES VP, MIDSOUTH REGION 30.00 15.00 X 0 284073 29669 SUSAN AHERN SVP, CFO 30.00 20.10 X 0 268896 28443 TERESA MOORE VP, RESIDENT HEALTH SERVICES 30.00 15.00 X 0 223426 22833 TERUKO A WHITE VP MID-ATLANTIC REGION 30.00 15.00 X 0 291230 18988 PEGGY C VALDIVIA VP & CONTROLLER 30.00 18.00 X 0 178687 24266 BRIAN LEVESQUE EXECUTIVE DIRECTOR 40.00 5.00 X 0 200559 19522 JOYA MAROTTA CAMPUS EXECUTIVE DIRECTOR 40.00 5.00 X 0 200440 19736 STEVEN W MESSER CAMPUS EXECUTIVE DIRECTOR 40.00 5.00 X 0 203142 21846 HARRY MCCONNELL EXECUTIVE DIRECTOR 40.00 5.00 X 0 196250 3145 SCOTT CARINS EXECUTIVE DIRECTOR 40.00 5.00 X 0 192002 26399 0 10226677 2158464 49 0 1 0 THE WHITING-TURNER CONTRACTING 300 E JOPPA ROAD BALTIMORE MD 21286 GENERAL CONTRACTOR 16812076 COMPLETE PROPERTY DEVELOPMENT 5455 NW 24TH ST MARGATE FL 33063 GENERAL CONTRACTOR 6655611 CALIBER 1 CONSTRUCTION INC 1 COMMUNITY SQUARE BLVD SUITE 200 VILLA RICA GA 30180 GENERAL CONTRACTOR 6053518 PHB INC 110 W GREEN STREET MIDDLETOWN DE 19709 GENERAL CONTRACTOR 5874388 HOLZ & HENRY INC 35 N RICHARDSON AVENUE LANSDALE PA 19446 CONTRACTORS 4518242 184 3343103 2677680 61044 6081827 MONTHLY FEES 623000 276619399 276619399 ENTRANCE FEE AMORT. 623000 101964359 101964359 MEDICARE AND MEDICAID 623000 31470094 31470094 MEDICAL SERVICES REV. 623000 19165985 19165985 ADMINISTRATIVE FEE 623000 7441189 7441189 3144772 3144772 439805798 9652093 9652093 937600 937600 782593 673030 109563 109563 109563 108034342 2758160 105996073 3163034 2038269 -404874 1633395 1633395 APARTMENT MODIFICATION 623000 4323697 4323697 INSURANCE PROCEEDS 623000 1741923 1741923 DEVELOPMENT FEE INCOME 722514 711071 711071 698066 698066 7474757 465695033 439805798 0 19807408 15127 15127 121169 121169 370507 370507 160215522 151956986 8258536 3758723 3745412 13311 26960704 23683765 3276939 12032174 11386273 645901 903059 903059 455227 455227 858193 858193 22450632 21269211 1181421 2977756 2977756 14325207 11021636 3303571 4946021 4946021 35982030 35257050 724980 632303 599067 33236 14222 14222 24450937 24450937 78579739 73640742 4938997 2101406 2101406 MANAGEMENT SERVICES 34028469 34028469 FOOD EXPENSE 22627587 22185933 441654 MEDICAL SUPPLIES 4221919 4221919 NURSING HOME ASSESSMENT 833516 833516 8601414 6572152 2029262 462463563 393432808 69030755 0 56631 52979 17223256 15356855 26053435 17585076 9174218 10804745 2307068045 972155667 1274147373 1334912378 379301454 365937779 6250516 6742587 33856088 25109175 10755805 18106600 1756818776 1794608174 65297344 66816794 719896325 755737156 729373047 709719819 79522245 98547950 24194266 25382098 1618283227 1656203817 X 104679461 113295182 33856088 25109175 138535549 138404357 1756818776 1794608174 X 3231470 -4999079 1636417 X X 0 1 X 1 1 1 X 2743862 2720765 3839084 19473479 6081827 34859017 385589688 411872297 434046605 441389286 445536283 2118434159 388333550 414593062 437885689 460862765 451618110 2153293176 0 0 0 2153293176 8121668 8857492 9832822 8784659 11372286 46968927 8121668 8857492 9832822 8784659 11372286 46968927 396455218 423450554 447718511 469647424 462990396 2200262103 0.97870 0.97920 0.02130 0.02080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 462463563 462463563 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 1 40258 180903 175707 45454 0 2613922 315926 2929848 2613922 78100 78100 2613922 2613922 95047 95047 2613922 2613922 58187 58187 2613922 2613922 115960 115960 2613922 0.00000 1.00000 0.00000 0 1 1 57549030 57549030 2056003291 840448457 1215554834 36186747 28023314 8163433 157328977 103683896 53645081 1334912378 UNIT DEPOSITS 17333420 FAIR MARKET VALUE OF INVESTMENT CONTRACTS 8048678 25382098 PART IV, LINE 1B: ACTS RETIREMENT-LIFE COMMUNITIES, INC. FUNCTIONS AS A CUSTODIAN FOR THE RECEIPT AND DISTRIBUTION OF FUNDS FOR PATIENTS ON MEDICAID. 1 SCHOLARSHIPS OFFERED TO CULINARY EMPLOYEES TO FURTHER THEIR EDUCATION 149 121169 PART I, LINE 2: SCHOLARSHIPS ARE AVAILABLE TO CULINARY AND NUTRITION SERVICE EMPLOYEES WHO MEET CERTAIN CRITERIA. FOR ELIGIBILITY, EMPLOYEES MUST WORK UNDER 40 HOURS PER PAY PERIOD, ARE NOT BENEFIT ELIGIBLE, AND MUST WORK A MINIMUM NUMBER OF HOURS DURING A 16 WEEK PERIOD, OFFERED TWO TIMES A YEAR, JANUARY THROUGH MAY AND AUGUST THROUGH NOVEMBER. EMPLOYEES MEETING ALL REQUIREMENTS ARE GRANTED A VOUCHER GOOD FOR $300 TO $500 EACH DURING 2021 THAT CAN BE USED TO FORWARD THEIR EDUCATION. VOUCHERS ARE PRESENTED TO THE EDUCATIONAL INSTITUTION BY THE SCHOLARSHIP RECIPIENT. ACTS RETIREMENT-LIFE COMMUNITIES REIMBURSES THE EDUCATIONAL INSTITUTION UPON RECEIPT OF ORIGINAL VOUCHER. AT TIMES CONTRIBUTIONS MAY ALSO BE PROVIDED TO OTHER CHARITABLE ORGANIZATIONS TO FURTHER THEIR EXEMPT PURPOSE. CONTRIBUTIONS, OTHER THAN GRANTS, ARE MADE TO CHARITABLE ORGANIZATIONS ONCE ACTS HAS OBTAINED PROOF OF THEIR TAX-EXEMPT STATUS AND FUNDING NEEDS (I.E., CONFERENCE SPONSORSHIPS, ETC.). ACTS DOES NOT MONITOR THESE CONTRIBUTIONS AFTER DISBURSEMENT. 1 1 0 0 0 0 0 0 0 GERALD T GRANT CEO 0 576857 0 195213 0 0 0 459218 0 14197 0 1245485 0 0 CHARLES W COXSON III EXEC VP/COO 0 342972 0 108617 0 0 0 337484 0 17521 0 806594 0 0 KAREN I CHRISTIANSEN PRESIDENT & ASSISTANT TREASURER 0 429498 0 148034 0 0 0 186299 0 17651 0 781482 0 0 GLENN D FOX EXEC VP, LEGAL, ASST. SECRETARY 0 341882 0 81758 0 0 0 306108 0 14197 0 743945 0 0 JEFFERSON D KAIGHN EXEC VP/CAO 0 307304 0 101234 0 0 0 191732 0 14190 0 614460 0 0 RICHARD A WINTER SVP, CFO (RET. 6/21) 0 186543 0 61639 0 163942 0 7503 0 7638 0 427265 0 0 HOLLY S SCHADE SVP, CHIEF CLINICAL OFFICER 0 276643 0 82811 0 0 0 11600 0 7544 0 378598 0 0 JONATHAN D GRANT SVP, COMMUNITY OPERATIONS 0 265145 0 82985 0 0 0 3564 0 17567 0 369261 0 0 LORI M WOODWARD SVP CHIEF MARKETING OFFICER 0 280625 0 62291 0 0 0 11600 0 7490 0 362006 0 0 JAMES H PETTY SVP, STRATEGY & MISSION DEVEL. 0 257465 0 60519 0 0 0 11600 0 19019 0 348603 0 0 KENNETH J KARMERIS SVP, REAL ESTATE & DEVEL. SERVICES 0 251729 0 64682 0 0 0 11600 0 15253 0 343264 0 0 PAUL M REINBOLD MD CMD VP & CHIEF MEDICAL DIRECTOR 0 290485 0 29238 0 0 0 3692 0 17589 0 341004 0 0 PETER J KRESS VP/CIO 0 251211 0 57898 0 0 0 11600 0 16408 0 337117 0 0 GEORGE R BRYAN VP, SOUTHEAST REGION 0 228726 0 60882 0 0 0 10705 0 19557 0 319870 0 0 STEPHEN V EGGLES VP, MIDSOUTH REGION 0 223191 0 60882 0 0 0 11600 0 18069 0 313742 0 0 TERUKO A WHITE VP MID-ATLANTIC REGION 0 230348 0 60882 0 0 0 11600 0 7388 0 310218 0 0 JEREMY O NEELY VP, NORTHEAST REGION 0 225827 0 60882 0 0 0 11600 0 11773 0 310082 0 0 GARY J N GINTER SVP PROCUREMENT & CONTRACT MGMT. 0 231756 0 51550 0 0 0 11490 0 13972 0 308768 0 0 DEIRDRE GROENEN SVP HUMAN RESOURCES OFFICER 0 231638 0 51233 0 0 0 10615 0 7372 0 300858 0 0 SUSAN AHERN SVP, CFO 0 229309 0 39587 0 0 0 11080 0 17363 0 297339 0 0 STEPHEN LAPIERRE VP, CHESAPEAKE REGION 0 220085 0 57428 0 0 0 11069 0 7333 0 295915 0 0 PATRICK M PLUMADORE VP, HOSPITALITY & RESTAUR. SVC. 0 234214 0 41382 0 0 0 10994 0 670 0 287260 0 0 MEGAN LONGLEY VP SALES 0 227118 0 41580 0 0 0 10636 0 7350 0 286684 0 0 SEAN T FLETCHER VP PROP. MGT & CONSTRUCTION SVC. 0 199832 0 39201 0 0 0 9540 0 7637 0 256210 0 0 TERESA MOORE VP, RESIDENT HEALTH SERVICES 0 178140 0 45286 0 0 0 8994 0 13839 0 246259 0 0 IAIN W CRICHTON VP MISSION SUPP/SPIRITUAL 0 179149 0 34130 0 0 0 8333 0 13842 0 235454 0 0 CHRISTOPHER J HARTMAN SR VP, IT OPERATIONS 0 177292 0 34847 0 0 0 8578 0 10687 0 231404 0 0 STEVEN W MESSER CAMPUS EXECUTIVE DIRECTOR 0 171336 0 31806 0 0 0 8337 0 13509 0 224988 0 0 JOYA MAROTTA CAMPUS EXECUTIVE DIRECTOR 0 167609 0 32831 0 0 0 8228 0 11508 0 220176 0 0 BRIAN LEVESQUE EXECUTIVE DIRECTOR 0 170823 0 29736 0 0 0 8214 0 11308 0 220081 0 0 SCOTT CARINS EXECUTIVE DIRECTOR 0 165411 0 26591 0 0 0 7994 0 18405 0 218401 0 0 PEGGY C VALDIVIA VP & CONTROLLER 0 159726 0 18961 0 0 0 5778 0 18488 0 202953 0 0 HARRY MCCONNELL EXECUTIVE DIRECTOR 0 174594 0 21656 0 0 0 2995 0 150 0 199395 0 0 PART I, LINE 3 IT HAS BEEN THE PRACTICE OF THE MANAGEMENT COMPANY, ACTS MANAGEMENT SERVICES, INC., TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATION'S TOP MANAGEMENT POSITIONS, RANGING FROM COMMUNITY MANAGERS UP TO THE CEO. THE STUDY, THE LATEST VERSION OF WHICH WAS COMPLETED IN 2020, INCLUDES COMPARISON OF NOT-FOR PROFIT AND FOR-PROFIT COMPETITORS, OPERATING EFFECTIVENESS, IDENTIFICATION OF INDUSTRY SPECIFIC TRENDS OR PRACTICES IN COMPENSATION OR RECRUITEMENT/EMPLOYMENT. MEASUREMENT AND ACTION ARE GENERALLY FOCUSED AT THE LEVELS FROM THE MEDIAN UP TO THE SEVENTY-FIFTH PERCENTILE AS IDENTIFIED IN THE STUDY. THE REPORTS' GENERAL FINDINGS ARE REVIEWED WITH BOARD OFFICERS. COMPENSATION ADJUSTMENTS FOR THE PRESIDENT & CEO ARE DETERMINED BY A COMMITTEE OF INDEPENDENT BOARD MEMBERS APPOINTED BY THE CHAIRMAN AND ARE BASED ON THE FINDINGS OF THE MOST RECENT STUDY AND A REVIEW OF PERFORMANCE COMPARED AGAINST OBJECTIVE CRITERIA. THIS DETERMINATION IS REPORTED TO AND APPROVED BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN WRITING BY THE BOARD CHAIR. SIMILARLY, COMPENSATION ADJUSTMENTS FOR THE MOST SENIOR MEMBERS OF MANAGEMENT REFLECT STUDY FINDINGS AND PERFORMANCE MEASUREMENT AGAINST SPECIFIED CRITERIA AND ARE DETERMINED BY THE CEO AND REVIEWED WITH THE BOARD CHAIR. PART I, LINES 4A-B OTHER COMPENSATION FOR KAREN I. CHRISTIANSEN, CHARLES W. COXSON, III, GERALD T. GRANT, GLENN D. FOX, AND JEFFERSON D. KAIGHN INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE AMOUNT OF THE CURRENT YEAR ACCRUAL IS $174,699 FOR KAREN I. CHRISTIANSEN (NON-VESTED), $325,884 FOR CHARLES W. COXSON, III (NON-VESTED), $447,618 FOR GERALD T. GRANT (NON-VESTED), $294,508 FOR GLENN D. FOX (NON-VESTED), AND $180,132 FOR JEFFERSON D. KAIGHN (NON-VESTED). RICHARD A. WINTER ACCEPTED A SEVERANCE OFFERING AS PART OF AN EARLY RETIREMENT PROGRAM AND RECEIVED $163,942. A PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 69650MAK5 2012-07-25 14647385 ISSUED TO REFUND THE SERIES 1998 FL BONDS, ISSUED DEC. 1998 0 0 0 B GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581501826 362763AN4 2012-07-25 13343290 ISSUED TO REFUND THE SERIES 1999 BONDS, ISSUED DEC. 1999 0 0 0 C GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581501826 362754DM2 2003-12-10 38500000 GA VARIABLE RATE BONDS SERIES 2003B ISSUED TO FUND COMMUNITY EXPANSION 0 0 0 D ESCAMBIA COUNTY HEALTH FACILITIES AUTHORITY 521378815 296110FA2 2003-07-24 25395000 TO FUND CAPITAL AND REFUND SERIES 1997 BONDS ISSUED MARCH, 1997 0 0 0 A 14647385 1740628 157094 13823791 2012 1 0 1 1 B 6965000 13343290 1486741 143578 12627362 2012 1 0 1 1 C 12220000 38500000 2348051 703271 580000 33026073 1940656 2005 0 0 1 1 D 9295000 25395000 2237445 507900 1312615 22364390 2003 1 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 1 AEGON 8.300000000000 1 0 1 B 0 0 0 1 0 0 1 AEGON 7.300000000000 1 0 1 C 0 0 0 1 1 1 BANK OF AMERICA 26.900000000000 0 0 1 AIG 26.600000000000 1 0 1 D 0 0 0 1 1 1 BANK OF AMERICA 22.600000000000 0 0 1 AIG 22.600000000000 1 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2017 ISSUER NAME: GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2017 ISSUER NAME: GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/15/2018 ISSUER NAME: ESCAMBIA COUNTY HEALTH FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/23/2018 SCHEDULE K, PART IV, LINE 5: THE MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY BONDS ISSUED 7/25/2012 HAD THE PROJECT FUND GROSS PROCEEDS INVESTED IN A GUARANTEED INVESTMENT CONTRACT WITH BAYERISCH LANDESBANK FOR A TERM OF 2.1 YEARS WHICH EXPIRED JUNE 30, 2015. THE REGULATORY SAFE HARBOR FOR ESTABLISHING THE FAIR MARKET VALUE OF THE GIC WAS SATISFIED. A DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 NONEAVAIL 2013-12-16 47675000 TO REFUND THE SERIES 2007A BONDS 0 0 0 B MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 61360PCK4 2016-08-16 116955010 ISSUED TO REFUND THE PA SERIES 2006 & 2009 BONDS 0 0 0 C PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 69650MAV1 2016-08-16 125913985 ISSUED TO REFUND THE FL SERIES 2006 2010 BONDS 0 0 0 D GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581501826 362763AQ7 2016-08-16 8718036 ISSUED TO REFUND THE GA SERIES 2009 BONDS 0 0 0 A 1565000 47675000 383401 47675000 2013 1 0 1 1 B 116955010 810011 823833 62856986 53274191 2019 1 1 1 1 C 26435000 125913985 844215 883611 23932672 101097702 2019 1 1 1 1 D 8718036 59199 66166 8651870 2016 0 1 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 NONEAVAIL 2018-06-28 31615000 TO FUND CAPITAL AND REPAY LINE 0 0 0 B PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 69650MAW9 2018-06-28 51751642 TO FUND CAPITAL AND REPAY LINE 0 0 0 C THE DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 246371AA6 2018-06-28 39645855 TO FUND CAPITAL AND REPAY LINE 0 0 0 D PUBLIC FINANCE AUTHORITY 273866124 NONEAVAIL 2018-06-28 32065000 TO FUND CAPITAL AND REPAY PRIOR CONSTRUCTION LINE 0 0 0 A 31615000 95561 245189 31369811 2020 0 0 1 1 B 51751642 390175 426507 43704837 7620298 0 0 0 1 C 39645855 298163 3533224 474576 35638054 2020 0 0 1 1 D 32065000 96921 268845 31796155 2018 0 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 83704EAA2 2018-06-28 23826256 TO FUND CAPITAL AND REFUND SERIES 2012 BONDS ISSUED FEBRUARY 2012 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 74446CAD2 2020-07-16 54545134 TO FUND CAPITAL AND REIMBURSE EXPENDITURES 0 0 0 C PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 69650MAY5 2020-07-16 21679245 TO FUND CAPITAL AND REIMBURSE EXPENDITURES 0 0 0 D MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 61360PCM0 2020-07-16 53074470 TO FUND CAPITAL AND REIMBURSE EXPENDITURES 0 0 0 A 23826256 179523 245464 1579414 21080791 920586 1 0 0 1 B 54545134 1546374 3462830 462919 47416685 3205700 0 0 0 1 C 21679245 609588 1368436 187029 8927915 11195865 0 0 0 1 D 1020000 53074470 1535007 3375626 481191 14348334 34869319 0 0 0 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 CHARLES W COXSON III OFFICER OF ACTS 79652 FAMILY RELATIONSHIP; CHARLES W. COXSON, III, AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS ONE FAMILY MEMBER WHO IS EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MR. COXSON DOES NOT DIRECTLY SUPERVISE THIS INDIVIDUAL, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 HOLLY SCHADE OFFICER OF ACTS 90594 FAMILY RELATIONSHIP; HOLLY SCHADE, AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS THREE FAMILY MEMBERS WHO ARE EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. THROUGH JUNE 2020. MRS. SCHADE DOES NOT DIRECTLY SUPERVISE THESE INDIVIDUALS, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 TERUKO WHITE OFFICER OF ACTS 131565 FAMILY RELATIONSHIP; TERUKO WHITE, AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS TWO FAMILY MEMBERS WHO ARE EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MRS. WHITE DOES NOT DIRECTLY SUPERVISE THESE INDIVIDUALS, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 CHRISTOPHER J HARTMAN SR OFFICER OF ACTS 68695 FAMILY RELATIONSHIP; CHRISTOPHER J. HARTMAN, SR., AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS TWO FAMILY MEMBERS WHO ARE EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MR. HARTMAN DOES NOT DIRECTLY SUPERVISE THESE INDIVIDUALS, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO TRANSACT SUCH BUSINESS AS SHALL BE NECESSARY FOR THE ADMINISTRATION AND OPERATION OF THE CORPORATION BETWEEN BOARD OF DIRECTORS' MEETINGS SUBJECT TO CERTAIN LIMITS SPECIFIED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 KAREN I. CHRISTIANSEN, AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS A FAMILY RELATIONSHIP WITH CHRISTOPHER J. HARTMAN, WHO IS ALSO AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 3 ACTS MANAGEMENT SERVICES, INC., AN AFFILIATED ENTITY, PROVIDES MANAGEMENT SERVICES TO ACTS RETIREMENT-LIFE COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 6 ACTS RETIREMENT-LIFE COMMUNITIES, INC. IS A PENNSYLVANIA TAX-EXEMPT ORGANIZATION OF WHICH ACTS RETIREMENT SERVICES, INC., A RELATED PENNSYLVANIA TAX-EXEMPT ORGANIZATION, IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B ACTS RETIREMENT SERVICES, INC., A RELATED PENNSYLVANIA TAX-EXEMPT ORGANIZATION, IS THE SOLE MEMBER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC. AS SOLE MEMBER, IT HAS THE RIGHT TO APPROVE ALL AMENDMENTS OR ALTERATIONS TO THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS BEFORE CHANGES BECOME EFFECTIVE. FORM 990, PART VI, SECTION B, LINE 11B AFTER REVIEW BY THE ACTS' CFO, THE FORM 990 IS REVIEWED, BEFORE FILING, BY THE ACTS BOARD OF DIRECTORS' AUDIT AND COMPLIANCE COMMITTEE, WHICH INCLUDES ONE CERTIFIED PUBLIC ACCOUNTANT. THE FORM 990 IS THEN PROVIDED TO THE OTHER MEMBERS OF THE ACTS RETIREMENT-LIFE COMMUNITIES, INC. GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ON AN ANNUAL BASIS BY THE ORGANIZATION'S OFFICERS, DIRECTORS AND TRUSTEES. THE OFFICERS AND DIRECTORS REPORT ON ANY FAMILY OR BUSINESS RELATIONSHIPS WITH ANY BOARD MEMBER, OFFICER OR KEY EMPLOYEE OF THE ORGANIZATION AND ITS AFFILIATES. IF ANY FAMILY OR BUSINESS RELATIONSHIPS ARE DISCLOSED, THEY ARE REPORTED ON SCHEDULE L AS APPROPRIATE. IN ADDITION, THE RESPONSES ARE REVIEWED BY THE PRESIDENT & CEO AND CHAIRMAN OF THE BOARD OF DIRECTORS TO DETERMINE IF CONFLICTS ARE PRESENT AND IF SO, THE EXTENT OF THE CONFLICT. FOR CONFLICTS THAT ARISE, THE OFFICER, DIRECTOR OR TRUSTEE MUST RECUSE THEMSELVES FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS THAT INVOLVE THE DETERMINED CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 IT HAS BEEN THE PRACTICE OF THE MANAGEMENT COMPANY, ACTS MANAGEMENT SERVICES, INC., TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATIONS' TOP MANAGEMENT POSITIONS, RANGING FROM COMMUNITY MANAGERS UP TO THE CEO. THE STUDY, THE LATEST VERSION OF WHICH WAS COMPLETED IN 2020, INCLUDES COMPARISON OF NOT-FOR-PROFIT AND FOR-PROFIT COMPETITORS, OPERATING EFFECTIVENESS, AND IDENTIFICATION OF INDUSTRY SPECIFIC TRENDS OR PRACTICES IN COMPENSATION OR RECRUITMENT/EMPLOYMENT. MEASUREMENT AND ACTION ARE GENERALLY FOCUSED AT THE LEVELS FROM THE MEDIAN UP TO THE SEVENTY-FIFTH PERCENTILE AS IDENTIFIED IN THE STUDY. COMPENSATION ADJUSTMENTS FOR THE PRESIDENT & CEO ARE DETERMINED BY A COMMITTEE OF INDEPENDENT BOARD MEMBERS APPOINTED BY THE CHAIRMAN AND ARE BASED ON THE FINDINGS OF THE MOST RECENT STUDY AND A REVIEW OF PERFORMANCE COMPARED AGAINST OBJECTIVE CRITERIA. THIS DETERMINATION IS REPORTED TO AND APPROVED BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN WRITING BY THE BOARD CHAIR. SIMILARLY, COMPENSATION ADJUSTMENTS FOR THE MOST SENIOR MEMBERS OF MANAGEMENT REFLECT STUDY FINDINGS AND PERFORMANCE MEASUREMENT AGAINST SPECIFIED CRITERIA AND ARE DETERMINED BY THE CEO AND REVIEWED WITH THE BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE FILED WITH NUMEROUS REGULATORY AUTHORITIES AND, THEREFORE, ARE AVAILABLE TO THE PUBLIC. IN ADDITION, UPON RECEIPT OF A REQUEST AND ITS REVIEW, THE ORGANIZATION WILL MAKE AVAILABLE SUCH DOCUMENTS, AS DEEMED APPROPRIATE. AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. CERTAIN FINANCIAL STATEMENTS, SUCH AS ANNUAL REPORTS AND QUARTERLY REPORTS, ARE POSTED TO THE ORGANIZATION'S WEBSITE AND ARE ALSO AVAILABLE AT EACH OF THE ORGANIZATION'S COMMUNITIES. IN ADDITION, FINANCIAL INFORMATION IS INCLUDED IN THE DISCLOSURE PACKAGES THAT ARE PROVIDED TO PROSPECTIVE RESIDENTS AND MADE AVAILABLE TO THE PUBLIC. CERTAIN OTHER FINANCIAL STATEMENTS ARE ALSO PROVIDED UPON REQUEST. FORM 990, PART VII, COMPENSATION OF OFFICERS* OTHER COMPENSATION INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR KAREN I. CHRISTIANSEN (NON-VESTED), CHARLES W. COXSON, III (NON-VESTED), GERALD T. GRANT (NON-VESTED), GLENN D. FOX (NON-VESTED), AND JEFFERSON D. KAIGHN (NON-VESTED). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 39,145. CHANGE IN BENEFICIAL INTEREST IN INVESTMENTS OF ACTS LEGACY FOUNDATION 1,597,272. PART XII, FINANCIAL STATEMENTS AND REPORTING THE ORGANIZATION'S ANNUAL FINANCIAL STATEMENTS ARE AUDITED ON A CONSOLIDATED BASIS AND THE ORGANIZATION HAS AN AUDIT AND COMPLIANCE COMMITTEE CONSISTING OF BOARD MEMBERS ONLY THAT EXERCISES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. 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