2022-11-10T16:30:42-06:00 2021-12-31 350921680 CROWE LLP 135 N Pennsylvania Street Suite 200 Indianapolis IN 462042407 990 2021-01-01 351393773 Retirement Living Inc RETI 3178759700 8140 Township Line Road Indianapolis IN 46260 Barrett Way Executive Director 2022-11-10 true Barrett Way 999009999 Kim Scifres P01316095 3176321100 2021 2022-09-23 18:48:47Z Marquette Barrett Way 8140 Township Line Road Indianapolis IN 46260 44881731 false X www.marquetteseniorliving.org X 1979 IN RETIREMENT LIVING, INC. IS A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY, PROVIDING SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORING THEIR DIGNITY AND INDEPENDENCE. 12 12 387 146 0 0 914055 3039349 28856656 28735335 1329723 3685316 -74755 68321 31025679 35528321 316573 394969 0 15159169 15303843 0 0 0 15437909 14729314 30913651 30428126 112028 5100195 136444279 141539100 117175958 115242503 19268321 26296597 X As a continuing care retirement community, the role of Retirement Living, Inc. is to provide a high quality continuum of care by serving the housing and human development needs of our residents. (continued in schedule O) false false 11530269 368187 12700313 HEALTH CARE CENTER: RETIREMENT LIVING, INC. HAS 57 LICENSED BEDS IN THE HEALTH CARE CENTER. THE ORGANIZATION PROVIDES PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND AN ACTIVITY PROGRAM TO MEET THE NEEDS OF THE RESIDENTS. THE HEALTH CARE CENTER ALSO FEATURES SKILLED AND COMPREHENSIVE CARE, 24-HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. RETIREMENT LIVING, INC. PROVIDES THE BENEFIT OF BENEVOLENT CARE TO ITS RESIDENTS, IN WHICH THE ORGANIZATION WILL SUBSIDIZE THE COST OF CARE FOR THE REMAINDER OF THE RESIDENT'S LIFE SHOULD A RESIDENT OUTLIVE THEIR FINANCIAL RESOURCES. IN 2021, THE RESIDENCE FEES ASSISTANCE PROVIDED TO RESIDENTS WAS $368,187. 10270688 0 11312915 INDEPENDENT LIVING: RETIREMENT LIVING, INC. HAS 262 APARTMENTS AND 44 COTTAGES. THE ORGANIZATION PROVIDES MEALS 7 DAYS A WEEK, HOUSEKEEPING SERVICES TWICE A MONTH, AND MAINTENANCE AS NEEDED. THE ORGANIZATION ALSO PROVIDES SECURITY 24 HOURS A DAY. RETIREMENT LIVING, INC. HAS ACTIVITY PROGRAMS AS WELL AS OPPORTUNITIES FOR THE RESIDENTS TO VOLUNTEER IN THE HEALTH CARE CENTER, ASSISTED LIVING UNITS, ASSISTED LIVING FOR DEMENTIA, AND THE GIFT SHOP. 4335755 0 4775730 ASSISTED LIVING: RETIREMENT LIVING, INC. HAS 47 ASSISTED LIVING UNITS. THE ORGANIZATION PROVIDES THREE MEALS A DAY, PLUS SNACKS TO THE RESIDENTS IN THE ASSISTED LIVING UNITS. THE ORGANIZATION ALSO PROVIDES ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. IN ADDITION, THE ORGANIZATION OPERATES A 22 BED ASSISTED LIVING UNIT THAT PROVIDES SERVICES TO INDIVIDUALS WITH DEMENTIA. THIS UNIT OFFERS THE SAME AMENITIES AS THE OTHER ASSISTED LIVING UNITS, INCLUDING ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. 0 26782 0 RETIREMENT LIVING, INC. PROVIDES SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORS THEIR DIGNITY AND INDEPENDENCE. THE ORGANIZATION ALSO SUPPORTS SENIORS IN THE COMMUNITY BY SUPPORTING ORGANIZATIONS THAT PROVIDE SERVICES TO SENIORS. IN 2021, THE ORGANIZATION GAVE $26,782 IN GRANTS TO ORGANIZATIONS TO SUPPORT LOCAL SENIORS. 26782 26136712 true true false false false false false false false true true false false true true true false false false false false false false false false false true true true true false false false false false false false false false false false false false false false false false false false true 94 0 true 387 true false false false false false false false false false false false false X 12 12 false true false false false false false true true false false true true true true true true false false false IN X Barrett Way 3175246530 8140 TOWNSHIP LINE ROAD Indianapolis IN 46260 Constance Brown Treasurer 1.0 X X 4500 0 0 David Mallon President 1.0 X X 6800 0 0 Dr Jeffrey Meltzer Vice President 1.0 X X 3600 0 0 Marianne Price Secretary 1.0 X X 4200 0 0 Bill Estes Director (until October 2021) 1.0 X 2100 0 0 Dave Jongleux Director 1.0 X 3300 0 0 Joe Ivcevich Director 1.0 X 4100 0 0 Karen Gentleman Director 1.0 X 4000 0 0 Keith DeTrude Director 1.0 X 5100 0 0 Michael Corr Director 1.0 X 4900 0 0 Patricia Radlick Director 1.0 X 600 0 0 Peter Gundy Director 1.0 X 4100 0 0 Barrett Way Executive Director 40.0 X 0 0 0 Jeffrey Cox Jr Health Care Administrator 40.0 X 0 0 0 Melissa Hancock Director of Sales and Marketing 40.0 X 143064 0 15697 Michael Hebenstreit Food and Beverage Director 40.0 X 106290 0 16134 Ronald Meadows Environmental Services Director 40.0 X 105458 0 29057 Sara Green Residency Counselor 40.0 X 116982 0 27633 Tiffany Camden Clinical Liaison 40.0 X 108317 0 39362 627411 0 127883 6 false true false Select Rehabilitation PO Box 71985 Chicago IL 60694 Therapy Services 1178537 Life Care Companies LLC 400 Locust Street Des Moines IA 50309 Management Company 1161076 Michael Bedwell Contracting 1180 N 600 W Greenfield IN 46140 Construction 1105310 West Floor Coverings 2108 Sweet Cherry Meadows Lebanon IN 46052 Flooring Construction 221880 Nu-Tec Roofing 5025 Ecmo Dr Indianapolis IN 46220 Roofing Construction 203947 8 2859349 180000 3039349 HEALTH CARE CENTER 623990 7326213 7326213 APARTMENTS 623990 11192109 11192109 RESIDENCE FEES 623990 5568804 5568804 ASSISTED LIVING 623990 3520028 3520028 ASSISTED LIVING - DEMENTIA 623210 1128181 1128181 0 0 0 0 28735335 738155 738155 0 0 12276886 9329725 2947161 0 2947161 2947161 27045 23685 3360 3360 LOUNGE INCOME 900099 30247 30247 MISCELLANEOUS 900099 23376 23376 VENDING INCOME 900099 11338 11338 0 0 0 0 64961 35528321 28788958 0 3700014 26782 26782 368187 368187 12950916 11419426 1531490 68386 60079 8307 1301338 1147386 153952 983203 862775 120428 651509 651509 106545 106545 58000 58000 159662 159662 317450 241068 76382 0 212297 212297 218872 438 218434 6013 6013 1812500 1797685 14815 353135 10208 342927 1767565 1767565 4994306 4994306 264422 264422 FOOD 1779736 1779736 SUPPLIES 1008017 967573 40444 UNIFORMS 240058 239917 141 Activities 116506 116506 662721 337075 325646 0 30428126 26136712 4291414 0 200 0 22614915 24399841 1406094 1644057 0 0 0 0 176121 188631 366085 519846 164544707 87316597 76759089 77228110 23141099 24816639 11980676 12741976 0 0 0 136444279 141539100 2576972 2899823 32576972 33030658 38785106 63862161 0 0 2733002 0 40503906 15449861 117175958 115242503 X 19268321 26296597 19268321 26296597 136444279 141539100 5100195 1928081 0 X false true X true false X 198700 180000 178452 914055 3039349 4510556 31084035 30913333 31248373 28788958 28788958 150823657 20481 30840 37622 40909 27045 156897 0 0 31303216 31124173 31464447 29743922 31855352 155491110 0 0 0 0 0 0 0 0 0 0 2406954 2406954 0 0 0 0 2406954 2406954 153084156 508707 669944 832405 655903 738155 3405114 0 508707 669944 832405 655903 738155 3405114 0 48853 47998 59651 -91757 11338 76083 31860776 31842115 32356503 30308068 32604845 158972307 0.9630 0.9785 0.02 0.02 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 48853.0, COLUMN B - 47998.0, COLUMN C - 59651.0, COLUMN D - -91757.0, COLUMN E - 11338.0, COLUMN F - 76083.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 557248 557248 130336417 72410450 57925967 9822226 6131100 3691126 10200576 8775047 1425529 13628240 0 13628240 77228110 CORPORATE DEBT SECURITIES 4795951 F GOVERNMENT OBLIGATIONS 7946025 F 12741976 REFUNDABLE RESIDENCE FEES 15017875 ADVANCE DEPOSITS 534371 Interest rate swap derivatives -102385 15449861 X 36902371 1928081 0 1928081 34974290 159662 394369 554031 35528321 29874095 0 0 29874095 159662 394369 554031 30428126 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Community is a not-for-profit corporation as described in Section 501(c)(3) of the U.S. Internal Revenue Code (Code) and is exempt from federal and state income taxes on related income pursuant to Section 501(a) of the code. A tax position is recognized as a benefit only if it is more likely than not that the tax position would be sustained in a tax examinations, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. The community does not expect the total amount of unrecognized tax benefits to significantly change n the next 12 months. The Community recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Community has no amounts accrued for interest or penalties as of December 31, 2021 and 2020. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS - 394369 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS - 394369 true SECOND HELPINGS 1121 SOUTHEASTERN AVE INDIANAPOLIS IN 46202 351484281 501(C)(3) 0 26782 BOOK MEALS PROGRAM SUPPORT 1 0 Resident Fee Assistance 6 368187 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Retirement Living, Inc. provides meals to the clients of Second Helpings. Because no cash was exchanged, there are no procedures for the monitoring of the grant funds. false false false false false false false false false Melissa Hancock Director of Sales and Marketing 80304 0 62760 0 0 0 4292 0 11405 0 158761 0 0 0 A Indiana Finance Authority 351602316 45506DRA5 2015-04-21 27767688 See Part IV false false false B Indiana Finance Authority 351602316 000000000 2017-12-28 17000000 See Part IV false false false C INDIANA FINANCE AUTHORITY 351602316 000000000 2021-12-01 25095509 See Part IV false false false A 665000 0 27852878 1743740 0 0 513900 0 0 0 25595238 0 2015 true false true true B 0 0 16999950 0 159896 0 271000 0 0 16623054 0 2021 false false false true C 0 0 25095509 0 0 0 0 0 0 0 25095509 0 false true false true A false false true true false 0.0 false false true B false false false false 0.0 false false true C false false true true false 0.0 false false true A false true false false false false false false true B false true false false true false false false true C false true false false true false false false true A true B true C true Schedule K, Part I, Column (f) Description of Purpose Current Refund Indiana Finance Authority Revenue Bonds (Marquette Project) series 2010, originally issued on 12/1/10 and reissued on 6/26/12, currently refund Indiana Finance Authority Revenue Bonds, Series 2012 (Marquette Project) originally issued on June 26, 2012. The purpose was to currently refund $23,390,000 of the Indiana Finance Authority refunding revenue bonds-series 2010 and refund $2,205,000 of the Indiana finance authority revenue bonds-series 2012-bonds maturing on march 1, 2024 and pay certain costs of issuance. Schedule K, Part I, Column (f) Description of Purpose Indiana Finance Authority Revenue Bonds, Series 2017 - Funding of the comprehensive renovation of the assisted living pavilion and healthcare center. Additional renovations of all common areas and the therapy gym. Schedule K, Part I, Column (f) Description of purpose Indiana Finance Authority Revenue Bonds, Series 2021A - On December 1, 2021, Truist issued the 2021A Bonds by extinguishing the 2020 Taxable Term Note. Truist purchased and holds the 2021A bonds. Schedule K, Part I, Column (e) Issue Price` THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. Form 990, Part III, Line 4d Description of other program services (Expenses $ 0 including grants of $ 26,782)(Revenue $ 0) RETIREMENT LIVING, INC. PROVIDES SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORS THEIR DIGNITY AND INDEPENDENCE. THE ORGANIZATION ALSO SUPPORTS SENIORS IN THE COMMUNITY BY SUPPORTING ORGANIZATIONS THAT PROVIDE SERVICES TO SENIORS. IN 2021, THE ORGANIZATION GAVE $26,782 IN GRANTS TO ORGANIZATIONS TO SUPPORT LOCAL SENIORS. Form 990, Part VI, Line 15a Process to determine Compensation The Executive Director is not an employee of Retirement Living, the board negotiates and approves the contracted salary amount paid to Retirement Living for the Executive Directors services. The Management company does perform a compensation survey. The decisions are documented in the board minutes. This process was last undertaken in October 2021. Form 990, Part VI, Line 15b Process to determine Compensation The Health Center Administrator is not an employee of Retirement Living. The Board of Directors participates in the annual review of regarding compensation. The compensation is determined by the management company using a compensation survey. The decisions are documented in the board minutes. This process was last undertaken in October 2021. Form 990, Part VI, Line 1a Delegate broad authority to a committee There shall be an Executive Committee of the Corporation, which shall consist of the directors holding the offices of President, Vice President, Secretary, Treasurer and such other directors as may be appointed by the President. The President shall preside over the proceedings of the Executive Committee. During intervals between meetings of the Board of Directors, the Executive Committee may exercise the authority of the Board of Directors, provided, however, that the Executive Committee shall not have the authority to: amend or restate the Corporation's Articles of Incorporation; adopt a plan of merger or plan of consolidation with another organization; authorize the sale, lease exchange or mortgage of all or substantially all of the property and assets of the Corporation; authorize the voluntary dissolution of the Corporation; or act in a manner otherwise prohibited by the Act or other law. The Executive Committee shall cause minutes of its proceedings to be kept and filed with the minutes of the proceedings of the Board of Directors. Form 990, Part VI, Line 3 Delegation of management duties RETIREMENT LIVING INC. IS MANAGED BY LIFE CARE SERVICES, LLC. AN UNRELATED ORGANIZATION, LIFE CARE SERVICES LLC PAYS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ADMINISTRATOR. THE DUTIES PERFORMED BY THESE INDIVIDUALS INCLUDE HIRING, FIRING, SUPERVISING PERSONNEL, AND OVERALL MANAGEMENT OF RETIREMENT LIVING, INC Form 990, Part VI, Line 11b Review of form 990 by governing body The form 990 is reviewed in detail by the entire Finance Committee. After any questions/changes are addressed, the final draft of the form 990 is distributed via email to the board of directors. It is then filed electronically with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Retirement Living, Inc. has three conflict of interest policies written specifically for the board, department directors, and administrative officers. All officers and board members sign the appropriate conflict of interest policy annually, disclosing any conflicts that are known to exist. Form 990, Part VI, Line 19 Required documents available to the public The organization's conflict of interest policy, financial statements, and governing documents are available to the public upon request.