2021-01-15T12:24:03-06:00 2020-02-29 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2019-03-01 860410807 PEOPLE OF FAITH INC PEOP 6239332807 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 A CARTER SMITHERMAN CFO 6239332807 2021-01-15 1 CHAD D KUNZE CPA P00639380 6305738600 2021-01-14 2019 2022-09-23 18:48:47Z ROYAL OAKS KENDRA EBERHART 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 96945353 0 X WWW.ROYALOAKS.COM X 1983 AZ PROVIDE HOUSING THAT PROMOTES COMFORT, SECURITY, INDEPENDENCE & LIFE SATISFACTION FOR RESIDENTS. 15 15 464 300 0 0 605269 593202 25926401 28042079 6217354 4206810 857994 444183 33607018 33286274 71162 95700 0 0 14767504 15085463 0 0 0 14409114 15294090 29247780 30475253 4359238 2811021 136515273 135081572 87465299 89000690 49049974 46080882 TO PROVIDE THE HOUSING AND AMENITIES THAT PROMOTE A HIGH DEGREE OF COMFORT, SECURITY, INDEPENDENCE AND LIFE SATISFACTION FOR OUR RESIDENTS AND FUTURE RESIDENTS. 0 0 25065121 95700 28042079 DURING THE FISCAL YEAR ENDED FEBRUARY 29, 2020, ROYAL OAKS PROVIDED LIFE CARE SERVICES TO APPROXIMATELY 585 RESIDENTS ON A 38-ACRE CAMPUS CONSISTING OF 360 RESIDENTIAL HOMES AND APARTMENTS, 59 ASSISTED LIVING HOMES, A 56-UNIT MEMORY CARE FACILITY, AND A 60-BED HIGH ACUITY ASSISTED LIVING CENTER. 25065121 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 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 1 0 0 0 1 1 1 1 0 0 1 168 0 1 464 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X A CARTER SMITHERMAN 6239332807 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 KENDRA EBERHART PRESIDENT & CEO 39.00 1.00 X 339476 0 104628 GRETCHEN COBB COO 39.00 1.00 X 251534 0 92087 DINA JO CAPEK DIRECTOR OF HEALTH SERVICE 40.00 0.00 X 187791 0 52282 A CARTER SMITHERMAN CFO 39.00 1.00 X 159545 0 61111 JANET ADAMS DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 141535 0 42594 VICKI ULLERY MARKETING DIRECTOR 40.00 0.00 X 139797 0 32114 SUSAN CAREY ALTGILBERS IT DIRECTOR 40.00 0.00 X 118998 0 26043 CHRISTINE LANG FACILITIES DIRECTOR 40.00 0.00 X 115180 0 17119 CAROL BRYAN CHAIR 1.00 0.00 X X 0 0 0 DICK JORGENSON VICE CHAIR & TRUSTEE 1.00 0.00 X X 0 0 0 JANIS RYAN TREASURER & TRUSTEE 1.00 0.00 X X 0 0 0 MARY BETH JOUBLANC SECRETARY & TRUSTEE 1.00 0.00 X X 0 0 0 ALLISON KIERMAN TRUSTEE 1.00 0.00 X 0 0 0 ANDREW LENICK TRUSTEE 1.00 0.00 X 0 0 0 DR EUGENE STEVENS TRUSTEE 1.00 0.00 X 0 0 0 ELLEN DEAN TRUSTEE 1.00 0.00 X 0 0 0 GARY BENSON TRUSTEE 1.00 0.00 X 0 0 0 HOWARD POCH TRUSTEE 1.00 0.00 X 0 0 0 KAREN BOUGNEIT TRUSTEE 1.00 0.00 X 0 0 0 LOUIS JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 MARK WOODFIELD TRUSTEE 1.00 0.00 X 0 0 0 TERESA GIARRUSSO TRUSTEE 1.00 1.00 X 0 0 0 WILL RICHARD TRUSTEE 1.00 0.00 X 0 0 0 1453856 0 427978 8 0 1 0 PERKINS EASTMAN ARICHITECTS DPC 115 FIFTH AVENUE NEW YORK NY 10003 ARCHITECTUAL DESIGN AND ENGINEERING 2927384 COMPASS GROUP 2400 YORKMOUNT ROAD CHARLOTTE NC 28217 FOOD COMMODITIES AND SERVICES 2672224 KITCHELL CONTRACTORS 1707 E HIGHLAND AVENUE STE 200 PHOENIX AZ 85016 CONSTRUCTION OF SATELLITE SALES OFFICES 663385 SENTINEL TECHNOLOGIES PO BOX 85050 CHICAGO IL 60680 VARIOUS I.T. SERVICES AND COMPONENTS 514442 LOVE & COMPANY 1209 N EAST STREET FREDERICK MD 21701 MARKETING AND ADVERTISING CONSULTING SER 509093 27 545577 47625 27920 593202 RESIDENT REVENUES 623000 19970427 19970427 ENTRANCE FEES 623000 7293610 7293610 RESIDENT AMENITIES 900099 458249 458249 MEALS 721000 319793 319793 28042079 1699427 1699427 74548 0 74548 74548 74548 66127962 38500 63659079 0 2468883 38500 2507383 2507383 MISCELLANEOUS INCOME 900099 369635 369635 369635 33286274 28042079 0 4650993 45456 45456 50244 50244 947437 947437 11680996 11205324 475672 289513 261381 28132 1270442 1264176 6266 897075 809906 87169 32992 32992 61834 61834 336053 336053 1037768 893505 144263 1474244 307698 1166546 673206 419934 253272 378218 322948 55270 2116438 1873290 243148 64496 48069 16427 54896 46275 8621 1193680 1074312 119368 4993649 4137319 856330 452763 162195 290568 FOOD 1937922 1802402 135520 MEALS, DINING, & CATERI 262030 135392 126638 MISCELLANEOUS EXPENSES 147183 128577 18606 MEDICAL SUPPLIES 76718 76718 30475253 25065121 5410132 0 1671386 1759390 7982465 8550541 1507407 1371822 206044 216877 656471 680716 131558255 65958663 59699139 65599592 64756881 56334570 35480 568064 136515273 135081572 2219436 2849833 47315391 47606895 36613812 35303336 539510 3152529 777150 88097 87465299 89000690 X 44054301 46080882 4995673 0 49049974 46080882 136515273 135081572 X 2811021 -1181701 -4598412 X X 0 1 X 1 0 X 913813 645580 637815 605269 593202 3395679 24504919 25999186 28618002 25926401 28042079 133090587 700142 695797 701422 657446 0 2754807 26118874 27340563 29957239 27189116 28635281 139241073 178188 379441 135504 134282 133973 961388 0 178188 379441 135504 134282 133973 961388 138279685 1674319 1692859 1671992 1751225 1773975 8564370 1674319 1692859 1671992 1751225 1773975 8564370 45290 67155 85894 369635 567974 27793193 29078712 31696386 29026235 30778891 148373417 0.93200 0.93340 0.05770 0.05860 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 9464970 9464970 100696587 55485981 45210606 15016314 10472682 4543632 6380384 6380384 65599592 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 88097 88097 X 29005235 287437 287437 28717798 4568476 4568476 33286274 28834396 0 28834396 1640857 1640857 30475253 PART IV, LINE 2B: APPLICATION FEES CONSIST OF DEPOSITS BY INDIVIDUALS WHO HAVE BEEN PLACED ON A PRIORITY LIST FOR A RESIDENT UNIT AND ARE FULLY REFUNDABLE. CUSTOMER DEPOSITS CONSIST OF A ONE MONTH DEPOSIT FOR RESIDENTS THAT ARE ADMITTED TO ASSISTED LIVING WITHOUT A LIFE CARE CONTRACT. THE DEPOSIT IS FULLY REFUNDED BY MOVE OUT OR DEATH OF THE RESIDENT. A MINIMUM DEPOSIT OF 10% OF THE TOTAL ENTRANCE FEE IS REQUIRED BEFORE AN INDEPENDENT UNIT IS CONSIDERED RESERVED. PRIOR TO OCCUPANCY, APPLICANTS WHO SIGN LIFE CARE CONTRACTS MAY, UPON CANCELLATION WITHIN A RESCISSION PERIOD, CANCEL THEIR CONTRACT AND RECEIVE A REFUND OF THEIR DEPOSIT. IF AN APPLICANT DIES OR BECOMES DISABLED PRIOR TO OCCUPYING THE UNIT, OR IF A PROSPECTIVE RESIDENT'S APPLICATION IS DENIED, ALL FUNDS DEPOSITED WILL BE REFUNDED. PART X, LINE 2: PEOPLE OF FAITH, INC. (DBA: ROYAL OAKS) IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION FOR STATE LAW. HOWEVER, PEOPLE OF FAITH, INC. (DBA: ROYAL OAKS) IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PEOPLE OF FAITH, INC. (DBA: ROYAL OAKS) IS THE SOLE MEMBER OF CACTUS SKY HOLDINGS, LLC, WHICH IS CONSIDERED A DISREGARDED ENTITY FOR INCOME TAX PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 116,952. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 170,485. PART XI, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT FUND REVENUES 335,131. CACTUS SKY LLC REVENUES 65,035. INTEREST & DIVIDENDS 1,699,427. REALIZED GAINS ON INVESTMENTS 2,468,883. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT FUND EXPENSES 116,950. CACTUS SKY LLC EXPENSES 85,498. INVESTMENT EXPENSES 273,171. MARKETING EXPENSES FOR EXPANSION 1,165,238. 1 SUN CITY FIRE DEPARTMENT 16602 N 99TH AVENUE SUN CITY AZ 85373 860409619 SUN CITY FIRE DEPT 30000 GENERAL OPERATING SUPPORT SUN CITY SHERIFF POSSE PO BOX 2229 SUN CITY AZ 85372 510178733 SUN CITY SHERIFF 15000 GENERAL OPERATING SUPPORT 2 0 SCHOLARSHIPS 18 50244 PART I, LINE 2: THE ORGANIZATION SELECTS GRANT RECIPIENTS FROM THE LOCAL COMMUNITY WHO PROVIDE VALUABLE SERVICES THAT SUPPORT THE COMMUNITY AT LARGE AND THE ORGANIZATION ITSELF. ASIDE FROM CONFIRMING THE CHARITABLE/PUBLIC STATUS OF A RECIPIENT ORGANIZATION, ROYAL OAKS PROVIDES THE SUPPORT FOR GENERAL OPERATIONS AND DOES NOT MONITOR THE SPECIFIC USE OF THE FUNDS. AT THE CURRENT TIME, ONLY GOVERNMENTAL ENTITIES ARE SUPPORTED. DEPENDING ON THE PROGRAM THE INDIVIDUAL QUALIFIES FOR, SCHOLARSHIP FUNDS ARE EITHER SENT DIRECTLY TO THE SCHOOL OR PROVIDED TO THE RECIPIENT. X X X X 0 1 0 0 0 0 0 0 0 KENDRA EBERHART PRESIDENT & CEO 238452 0 61326 0 39698 0 57569 0 47059 0 444104 0 0 0 GRETCHEN COBB COO 162669 0 31103 0 57762 0 45057 0 47030 0 343621 0 36000 0 DINA JO CAPEK DIRECTOR OF HEALTH SERVICE 144993 0 20359 0 22439 0 16470 0 35812 0 240073 0 0 0 A CARTER SMITHERMAN CFO 130739 0 16324 0 12482 0 27289 0 33822 0 220656 0 0 0 JANET ADAMS DIRECTOR OF HUMAN RESOURCES 105399 0 15451 0 20685 0 11688 0 30906 0 184129 0 0 0 VICKI ULLERY MARKETING DIRECTOR 97874 0 14067 0 27856 0 6559 0 25555 0 171911 0 0 0 PART I, LINE 4B THE PRESIDENT & CEO, COO AND CFO PARTICIPATED IN A 457(F) PLAN DURING THE YEAR. THE PLAN PROVIDES THE PARTICIPANT WITH SUPPLEMENTAL DEFERRED COMPENSATION, SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, TO ENCOURAGE CONTINUED EMPLOYMENT FOR A SIGNIFICANT PERIOD OF TIME. IN 2019, $40,693 ACCRUED WITHIN THE PLAN FOR THE PRESIDENT & CEO; $30,579 ACCRUED WITHIN THE PLAN FOR THE COO; AND, $20,981 ACCRUED WITHIN THE PLAN FOR THE CFO. THESE AMOUNTS ARE INCLUDED IN PART II, COLUMN C AS OTHER DEFERRED COMPENSATION. IN 2019, THERE WAS A DISTRIBUTION OF $36,000 TO THE COO. THIS AMOUNT IS INCLUDED IN PART II, COLUMN F, COMPENSATION IN COLUMN (B) REPORTED AS DEFERRED ON PRIOR FORM 990. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF GLENDALE ARIZONA 521767454 378287AP1 2016-08-03 39699349 CURRENT REFUNDING 0 0 0 A 3710000 39699349 795329 38904020 2016 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 27920 CASH VALUE OF SALE 0 0 1 1 PART I, LINE 32B: THE STAFF OF PEOPLE OF FAITH, INC., GATHERS AND MOVES THE AUCTION ITEMS FROM VARIOUS RESIDENTS' HOMES TO THE AUCTION BUILDING WHERE TWO RESIDENTS ORGANIZE AND NUMBER THE ITEMS. THE TWO RESIDENTS SUPERVISE THE BIDDING DURING THE TIMES THE AUCTION BUILDING IS OPEN. THE RESIDENTS REVIEW THE BIDS TO DETERMINE THE WINNERS, COMPILE A LIST, AND SUBMIT THE LIST TO THE PEOPLE OF FAITH, INC. HUMAN RESOURCES DEPARTMENT BECAUSE ALL CONTRIBUTIONS ARE PAID FOR THROUGH PAYROLL DEDUCTION. THE RESIDENTS ARE PAID 20% OF THE TOTAL AUCTION AMOUNT. FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE CONSISTING OF THE OFFICERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE POWER TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE ALSO ANNUALLY EVALUATES THE PERFORMANCE OF THE PRESIDENT & CEO. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 WAS REVIEWED BY THE CFO AND UPLOADED TO A SECURE BOARD PORTAL FOR REVIEW BY THE BOARD OF TRUSTEES AT THE NEXT AVAILABLE BOARD MEETING SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD ANNUALLY REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. COMMUNICATION WITH BOARD MEMBERS ENSURES THAT ALL CONFLICTS ARE DISCLOSED. IF A CONFLICT EXISTS, A BOARD MEMBER DISCLOSES SUCH CONFLICT, REFRAINS FROM VOTING, DOESN'T USE THEIR PERSONAL INFLUENCE ON THE MATTER, AND IS NOT COUNTED IN DETERMINING A QUORUM FOR THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT & CEO'S COMPENSATION IS REVIEWED BY AN INDEPENDENT COMPENSATION CONSULTANT AND APPROVED BY THE BOARD OF TRUSTEES. THE ORGANIZATION USES SEVERAL SOURCES, INCLUDING FORMS 990 OF OTHER ORGANIZATIONS AND INDUSTRY COMPENSATION STUDIES. REVIEWS ARE CONDUCTED ANNUALLY AND ARE DOCUMENTED IN EMPLOYEE FILES. OTHER OFFICER AND KEY EMPLOYEE COMPENSATION IS REVIEWED BY THE PRESIDENT & CEO AND THE DIRECTOR OF HUMAN RESOURCES. THE ORGANIZATION USES SEVERAL SOURCES TO DETERMINE COMPENSATION, INCLUDING INDEPENDENT COMPENSATION CONSULTANTS, REVIEWS ARE CONDUCTED ANNUALLY AND ARE DOCUMENTED IN EMPLOYEE FILES. THE MOST RECENT COMPENSATION REVIEWS OCCURRED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 170,485. TRANSFER OF NET ASSETS FROM DEVELOPMENT FUND TO FOUNDATION -4,768,897. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CACTUS SKY HOLDINGS LLC 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 810863279 REAL ESTATE AZ 147476 9729989 PEOPLE OF FAITH PEOPLE OF FAITH FOUNDATION INC 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 942929146 SUPPORT PEOPLE OF FAITH AZ 501(C)(3) LINE 12A, I PEOPLE OF FAITH 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 PEOPLE OF FAITH FOUNDATION INC C 545577 CASH VALUE PEOPLE OF FAITH FOUNDATION INC O 62040 CASH VALUE PEOPLE OF FAITH FOUNDATION INC Q 147609 CASH VALUE PEOPLE OF FAITH FOUNDATION INC S 106679 CASH VALUE PEOPLE OF FAITH FOUNDATION INC R 4995673 CASH VALUE