2021-11-12T11:44:07-06:00 2020-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-01-01 231900132 ACTS RETIREMENT-LIFE COMMUNITIES INC ACTS 2156618330 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 SUSAN AHERN SENIOR VICE PRESIDENT, CFO 2156618330 2021-11-12 1 SUSAN AHERN 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GERALD T GRANT 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 581250291 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. 18 17 7248 1416 0 0 3839084 19473479 428288718 436594181 8167832 9064820 5953483 4902756 446249117 470035236 190752 116413 0 0 192644363 208401824 33753 0 0 242636340 251614126 435505208 460132363 10743909 9902873 1660938549 1756818776 1540810830 1618283227 120127719 138535549 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 389963129 116413 441389286 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 2020, ACTS SERVED, ON AVERAGE, 6,766 RESIDENTS IN INDEPENDENT LIVING, 711 RESIDENTS IN ASSISTED LIVING, AND 1,047 RESIDENTS IN SKILLED CARE. 389963129 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 1 792 0 7248 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 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 5.50 X X 0 0 0 ELRIC C GERNER SECRETARY 1.70 1.60 X X 0 0 0 GEORGE R GUNN JR DIRECTOR 1.20 0.30 X 0 0 0 GERALD T GRANT CEO 30.00 23.00 X X 0 732307 424909 H BRUCE DETWEILER DIRECTOR 0.80 0.60 X 0 0 0 JAMES H WORTH DIRECTOR 1.00 0.00 X 0 0 0 JOHN E LAMMERS MD DIRECTOR 1.00 0.00 X 0 0 0 JOHN L ESTERHAI JR MD CHAIRMAN 2.00 2.50 X X 0 0 0 LARRY D MARR DIRECTOR 0.30 0.00 X 0 0 0 MARVIN MASHNER DIRECTOR 2.50 2.55 X 0 0 0 MICHAEL D KELLY TREASURER 2.00 0.00 X X 0 0 0 ROBERT B EVANS DIRECTOR 4.00 2.00 X 0 0 0 SUSAN B ALLMOND DIRECTOR 1.50 0.60 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 WILLIAM W REYNOLDS JR EDD DIRECTOR (UNTIL JAN. '21) 1.00 2.00 X 0 0 0 CHARLES W COXSON III EXEC VP/COO 30.00 15.00 X 0 422637 346093 CHRISTOPHER J HARTMAN SR VP, IT OPERATIONS 30.00 15.00 X 0 199088 18862 CLAIRE E HALTON VP HUMAN RESOURCES 30.00 15.00 X 0 315301 21237 DEIRDRE GROENEN SVP HUMAN RESOURCES 30.00 15.00 X 0 215176 5402 GARY J N GINTER VP PROCUREMENT & CONTRACT MGMT 35.00 10.00 X 0 265890 24847 GEORGE R BRYAN VP, SOUTHEAST REGION 30.00 16.00 X 0 276838 24912 GLENN D FOX EXEC VP, LEGAL, ASSISTANT SECRETARY 22.00 30.25 X 0 419037 25784 HOLLY S SCHADE SVP, HEALTH & HOME SERVICE 5.00 40.00 X 0 327302 18917 IAIN W CRICHTON VP MISSION SUPP/SPIRITUAL LIFE 30.00 15.00 X 0 206436 22071 JAMES H PETTY SVP, STARTEGY & BUSINESS DEVELOPMENT 30.00 15.00 X 0 322949 29162 JEFFERSON D KAIGHN EXEC VP/CAO 30.00 15.00 X 0 385445 193712 JEREMY O NEELY VP, NORTHEAST REGION 30.00 15.00 X 0 274858 22282 JONATHAN D GRANT SVP, COMMUNITY OPERATIONS 30.00 17.60 X 0 316314 20996 KAREN I CHRISTIANSEN PRESIDENT & ASSISTANT TREASURER 30.00 23.00 X 0 526114 182425 KENNETH J KARMERIS SVP, REAL ESTATE SERVICES 25.00 20.00 X 0 299637 25638 LORI M WOODWARD SVP SALES & MARKETING 25.00 20.00 X 0 346613 18924 MEGAN LONGLEY VP SALES 30.00 15.00 X 0 269062 13466 PATRICK PLUMADORE VP, DINING SERVICES 30.00 15.00 X 0 253138 623 PAUL M REINBOLD MD CMD VP & CHIEF MEDICAL DIRECTOR 30.00 15.00 X 0 90685 2578 PETER J KRESS VP/CIO 30.00 15.00 X 0 312462 29106 RICHARD A WINTER SVP, CFO 30.00 22.25 X 0 334782 25647 ROBERT A WESTERVELT VP, AUDIT & COMPLIANCE 30.00 15.00 X 0 322391 7821 SEAN T FLETCHER VP CONSTRUCTION SERVICES 30.00 15.00 X 0 234112 16683 STEPHEN LAPIERRE VP, CHESAPEAKE REGION 30.00 15.00 X 0 260352 17477 STEPHEN V EGGLES VP, MIDSOUTH REGION 30.00 15.00 X 0 271726 28809 SUSAN AHERN VICE PRESIDENT & CONTROLLER 30.00 22.25 X 0 244832 27711 TERESA MOORE VP, RESIDENT HEALTH SERVICES 30.00 15.00 X 0 199485 22105 TERUKO A WHITE VP MID-ATLANTIC REGION 30.00 15.00 X 0 277546 18582 BRIAN LEVESQUE EXECUTIVE DIRECTOR 40.00 5.00 X 0 201950 18923 DIONNE M JAMES EXECUTIVE DIRECTOR 40.00 5.00 X 0 190158 14680 JOYA MAROTTA CAMPUS EXECUTIVE DIRECTOR 40.00 5.00 X 0 201259 15163 ROBIN GLIBOFF EXECUTIVE DIRECTOR 40.00 5.00 X 0 193580 14735 STEVEN W MESSER CAMPUS EXECUTIVE DIRECTOR 40.00 5.00 X 0 207082 22263 0 9916544 1722545 70 0 1 0 EDIFICE INC PO BOX 36349 CHARLOTTE NC 28236 GENERAL CONTRACTOR 10339514 COMPLETE PROPERTY DEVELOPMENT PO BOX 970076 COCONUT CREEK FL 33097 GENERAL CONTRACTOR 7048754 IRWIN & LEIGHTON INC 1014 W 9TH AVE KING OF PRUSSIA PA 19406 GENERAL CONTRACTOR 6245234 MASTER KRAFT INC 3350 SMITH FARM RD MATTHEWS NC 28104 CARPENTRY 4389403 WARFEL CONSTRUCTION COMPANY 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 GENERAL CONTRACTOR 3808244 189 2626124 16847355 19473479 MONTHLY FEES 623000 271731076 271731076 ENTRANCE FEE AMORT. 623000 104221295 104221295 MEDICARE AND MEDICAID 623000 30530946 30530946 MEDICAL SERVICES REV. 623000 20732236 20732236 ADMINISTRATIVE FEE 623000 6569698 6569698 2808930 2808930 436594181 6991123 6991123 1024599 1024599 768937 661286 107651 107651 107651 111597108 5759 110553769 0 1043339 5759 1049098 1049098 APARTMENT MODIFICATION 623000 3448911 3448911 CAFE & CATERING INCOME 722514 1017136 1017136 DISCOUNTS EARNED 623000 3211 3211 325847 325847 4795105 470035236 436594181 0 13967576 16633 16633 99780 99780 397870 397870 165894150 157398808 8495342 3956804 3946675 10129 26247327 23415959 2831368 11905673 11246000 659673 855350 855350 375842 375842 870907 870907 16503343 15433538 1069805 3827689 18969 3808720 17196371 12220699 4975672 4551310 4551310 35384186 34723599 660587 539110 473637 65473 239030 239030 24281146 24281146 76644180 71752769 4891411 591428 591151 277 MANAGEMENT SERVICES 32937728 32937728 FOOD EXPENSE 23126342 22559300 567042 MEDICAL SUPPLIES 5025423 5025423 NURSING HOME ASSESSMENT 1535821 1535821 7128920 4825352 2303568 460132363 389963129 70169234 0 55152 56631 27102235 17223256 20534979 26053435 6611634 9174218 2182997665 908850292 1251384984 1274147373 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2613922 95047 95047 2613922 2613922 58187 58187 2613922 2613922 115960 115960 2613922 1893422 720500 60365 60365 2613922 1.00000 0 1 1 57549030 57549030 1937523178 784403343 1153119835 35906345 26900435 9005910 152019112 97546514 54472598 1274147373 UNIT DEPOSITS 13148935 FAIR MARKET VALUE OF INVESTMENT CONTRACTS 11045331 24194266 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 162 99780 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 2020 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. 0 1 0 0 0 0 0 0 0 GERALD T GRANT CEO 0 568087 0 164220 0 0 0 410477 0 14432 0 1157216 0 0 CHARLES W COXSON III EXEC VP/COO 0 334567 0 88070 0 0 0 328234 0 17859 0 768730 0 0 KAREN I CHRISTIANSEN PRESIDENT & ASSISTANT TREASURER 0 422821 0 103293 0 0 0 164566 0 17859 0 708539 0 0 JEFFERSON D KAIGHN EXEC VP/CAO 0 304738 0 80707 0 0 0 179329 0 14383 0 579157 0 0 GLENN D FOX EXEC VP, LEGAL, ASSISTANT SECRETARY 0 342840 0 76197 0 0 0 11400 0 14384 0 444821 0 0 LORI M WOODWARD SVP SALES & MARKETING 0 280705 0 65908 0 0 0 11400 0 7524 0 365537 0 0 RICHARD A WINTER SVP, CFO 0 280359 0 54423 0 0 0 11400 0 14247 0 360429 0 0 JAMES H PETTY SVP, STARTEGY & BUSINESS DEVELOPMENT 0 259426 0 63523 0 0 0 11400 0 17762 0 352111 0 0 HOLLY S SCHADE SVP, HEALTH & HOME SERVICE 0 265451 0 61851 0 0 0 11400 0 7517 0 346219 0 0 PETER J KRESS VP/CIO 0 251875 0 60587 0 0 0 11400 0 17706 0 341568 0 0 JONATHAN D GRANT SVP, COMMUNITY OPERATIONS 0 255140 0 61174 0 0 0 3246 0 17750 0 337310 0 0 CLAIRE E HALTON VP HUMAN RESOURCES 0 275032 0 40269 0 0 0 7723 0 13514 0 336538 0 0 ROBERT A WESTERVELT VP, AUDIT & COMPLIANCE 0 286303 0 36088 0 0 0 7392 0 429 0 330212 0 0 KENNETH J KARMERIS SVP, REAL ESTATE SERVICES 0 244575 0 55062 0 0 0 11400 0 14238 0 325275 0 0 GEORGE R BRYAN VP, SOUTHEAST REGION 0 229064 0 47774 0 0 0 9172 0 15740 0 301750 0 0 STEPHEN V EGGLES VP, MIDSOUTH REGION 0 226440 0 45286 0 0 0 11169 0 17640 0 300535 0 0 JEREMY O NEELY VP, NORTHEAST REGION 0 226104 0 48754 0 0 0 11277 0 11005 0 297140 0 0 TERUKO A WHITE VP MID-ATLANTIC REGION 0 230034 0 47512 0 0 0 11185 0 7397 0 296128 0 0 GARY J N GINTER VP PROCUREMENT & CONTRACT MGMT 0 222030 0 43860 0 0 0 10695 0 14152 0 290737 0 0 MEGAN LONGLEY VP SALES 0 227889 0 41173 0 0 0 6111 0 7355 0 282528 0 0 STEPHEN LAPIERRE VP, CHESAPEAKE REGION 0 219037 0 41315 0 0 0 10136 0 7341 0 277829 0 0 SUSAN AHERN VICE PRESIDENT & CONTROLLER 0 203422 0 41410 0 0 0 10133 0 17578 0 272543 0 0 PATRICK PLUMADORE VP, DINING SERVICES 0 237950 0 15188 0 0 0 0 0 623 0 253761 0 0 SEAN T FLETCHER VP CONSTRUCTION SERVICES 0 196038 0 38074 0 0 0 9377 0 7306 0 250795 0 0 STEVEN W MESSER CAMPUS EXECUTIVE DIRECTOR 0 175316 0 31766 0 0 0 8492 0 13771 0 229345 0 0 IAIN W CRICHTON VP MISSION SUPP/SPIRITUAL LIFE 0 174107 0 32329 0 0 0 8100 0 13971 0 228507 0 0 TERESA MOORE VP, RESIDENT HEALTH SERVICES 0 174662 0 24823 0 0 0 8142 0 13963 0 221590 0 0 BRIAN LEVESQUE EXECUTIVE DIRECTOR 0 178702 0 23248 0 0 0 8270 0 10653 0 220873 0 0 DEIRDRE GROENEN SVP HUMAN RESOURCES 0 215176 0 0 0 0 0 0 0 5402 0 220578 0 0 CHRISTOPHER J HARTMAN SR VP, IT OPERATIONS 0 175488 0 23600 0 0 0 8097 0 10765 0 217950 0 0 JOYA MAROTTA CAMPUS EXECUTIVE DIRECTOR 0 171592 0 29667 0 0 0 8127 0 7036 0 216422 0 0 ROBIN GLIBOFF EXECUTIVE DIRECTOR 0 164082 0 29498 0 0 0 7783 0 6952 0 208315 0 0 DIONNE M JAMES EXECUTIVE DIRECTOR 0 166821 0 23337 0 0 0 7703 0 6977 0 204838 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, LINE 4B OTHER COMPENSATION FOR KAREN I. CHRISTIANSEN, CHARLES W. COXSON, III, GERALD T. GRANT, AND JEFFERSON D. KAIGHN INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE AMOUNT OF THE CURRENT YEAR ACCRUAL IS $153,166 FOR KAREN I. CHRISTIANSEN (NON-VESTED), $316,834 FOR CHARLES W. COXSON, III (NON-VESTED), $399,077 FOR GERALD T. GRANT (NON-VESTED), AND $167,929 FOR JEFFERSON D. KAIGHN (NON-VESTED). A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 61360PCB4 2012-07-25 86115944 ISSUED TO REFUND THE SERIES 1998 PA BONDS & FUND CAP. IMPROVEMENTS 0 0 0 B 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 C 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 D 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 A 80465000 86115944 43 1320425 861004 15317017 66186811 2015 1 0 1 1 B 14647385 783290 157094 13823791 2012 1 0 1 1 C 5930000 13343290 800629 143578 12627362 2012 1 0 1 1 D 10995000 38500000 2538486 703271 580000 33026073 1940656 2005 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 0 0 1 0 0 1 AEGON 15.300000000000 1 0 1 B 0 0 0 1 0 0 1 AEGON 9.300000000000 1 0 1 C 0 0 0 1 0 0 1 AEGON 8.300000000000 1 0 1 D 0 0 0 1 1 1 BANK OF AMERICA 27.900000000000 0 0 1 AEGON 27.600000000000 1 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2017 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 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 B DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 NONEAVAIL 2013-12-16 47675000 TO REFUND THE SERIES 2007A BONDS 0 0 0 C MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 61360PCK4 2016-08-16 116955010 ISSUED TO REFUND THE PA SERIES 2006 & 2009 BONDS 0 0 0 D PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 69650MAV1 2016-08-16 125913985 ISSUED TO REFUND THE FL SERIES 2006 2010 BONDS 0 0 0 A 7600000 25395000 2147026 507900 1312615 22364390 2003 1 0 1 1 B 47675000 260405 47675000 2013 1 0 1 1 C 116955010 809754 1811145 823833 61045841 53274191 2019 1 1 1 1 D 16655000 125913985 2386499 689590 883611 23243082 101097702 2019 1 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 0 1 1 0 1 AIG 23.600000000000 1 0 1 B 0 0 1 0 1 1 MORGAN STANLEY CAPI 2.400000000000 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 GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581501826 362763AQ7 2016-08-16 8718036 ISSUED TO REFUND THE GA SERIES 2009 BONDS 0 0 0 B MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 NONEAVAIL 2018-06-28 31615000 TO FUND CAPITAL AND REPAY LINE 0 0 0 C PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 69650MAW9 2018-06-28 51751642 TO FUND CAPITAL AND REPAY LINE 0 0 0 D THE DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 246371AA6 2018-06-28 39645855 TO FUND CAPITAL AND REPAY LINE 0 0 0 A 8718036 59195 66166 8651870 2016 0 1 1 1 B 31615000 95559 1129871 245189 17978205 12576811 2020 0 0 1 1 C 51751642 390147 2345115 426507 21119379 12319135 15541506 0 0 0 1 D 39645855 298142 1460000 474576 26357225 11354054 2020 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 PUBLIC FINANCE AUTHORITY 273866124 NONEAVAIL 2018-06-28 32065000 TO FUND CAPITAL AND REPAY PRIOR CONSTRUCTION LINE 0 0 0 B 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 C PUBLIC FINANCE AUTHORITY 273866124 74446CAD2 2020-07-16 54545134 TO FUND CAPITAL AND REIMBURSE EXPENDITURES 0 0 0 D PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 69650MAY5 2020-07-16 21679245 TO FUND CAPITAL AND REIMBURSE EXPENDITURES 0 0 0 A 32065000 96919 268845 31796155 2018 0 0 0 1 B 23826256 179510 150305 245464 1369382 21080791 980313 1 0 0 1 C 54545134 3868631 593625 462919 2735416 38591004 12162170 0 0 0 1 D 21679245 1527294 230347 187029 5167634 16094235 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 A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 61360PCM0 2020-07-16 53074470 TO FUND CAPITAL AND REIMBURSE EXPENDITURES 0 0 0 A 53074470 3798776 577282 481191 1287153 6092444 44636400 0 0 0 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 CHARLES W COXSON III OFFICER OF ACTS 70175 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 137540 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 140052 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 39943 FAMILY RELATIONSHIP; CHRISTOPHER J. HARTMAN, SR., AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS ONE FAMILY MEMBER WHO IS EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MR. HARTMAN DOES NOT DIRECTLY SUPERVISE THIS INDIVIDUAL, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 HANK STACK DIRECTOR OF ACTS LEGACY FOUNDATION 10160 FAMILY RELATIONSHIP; HANK STACK, A DIRECTOR OF ACTS LEGACY FOUNDATION, INC., HAS ONE FAMILY MEMBER WHO IS EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MR. STACK DOES NOT DIRECTLY SUPERVISE THIS INDIVIDUAL, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 FORM 990, PART VI, SECTION A, LINE 1 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), AND JEFFERSON D. KAIGHN (NON-VESTED). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -477. CHANGE IN BENEFICIAL INTEREST IN INVESTMENTS OF ACTS LEGACY FOUNDATION 3,212,623. LOSS ON EARLY EXTINGUISHMENT OF DEBT -4,651,926. CHARITABLE GIFT ANNUITY TERMINATION -41,398. 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. ACTS ACQUISITION COMPANY LLC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 231900132 ACQUISITION FLOW THROUGH ENTITY FL 0 0 ACTS RETIREMENT-LIFE COMMUNITIES INC ACTS RETIREMENT SERVICES INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 264573260 SUPPORTING ORGANIZATION PA 501(C)(3) LINE 12B, II N/A 0 ACTS SIGNATURE COMMUNITY SERVICES INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 264573131 HOSPICE, HOME HEALTH AND PRIMARY CARE SERVICES PA 501(C)(3) LINE 10 ACTS RETIREMENT SERVICES INC 0 ACTS MANAGEMENT SERVICES INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 264573412 CENTRALIZED MANAGEMENT AND DEVELOPMENT SERVICES PA 501(C)(3) LINE 12B, II ACTS RETIREMENT SERVICES INC 0 HERON POINT OF CHESTERTOWN INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 521530598 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 ACTS ACQUISITION COMPANY LLC 0 ACTS LEGACY FOUNDATION INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 912161987 FUNDRAISING DE 501(C)(3) LINE 12A, I ACTS RETIREMENT SERVICES INC 0 THE EVERGREENS 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 210634485 CONTINUING CARE RETIREMENT COMMUNITY NJ 501(C)(3) LINE 10 ACTS ACQUISITION COMPANY LLC 0 PRESBYTERIAN RETIREMENT CORPORATION INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 630770753 CONTINUING CARE RETIREMENT COMMUNITY AL 501(C)(3) LINE 10 ACTS ACQUISITION COMPANY LLC 0 COPPER RIDGE INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 521750659 LONG-TERM CARE FACILITY MD 501(C)(3) LINE 10 INTEGRACE INC 0 BUCKINGHAM'S CHOICE INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 521929311 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 INTEGRACE INC 0 BAYLEIGH CHASE INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 200495182 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 INTEGRACE INC 0 INTEGRACE INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 521710891 OWNS AND OPERATES CONTINUING CARE RETIREMENT COMMUNITIES MD 501(C)(3) LINE 10 ACTS ACQUISITION COMPANY LLC 0 INTEGRACE HEALTH INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 521234495 OUTPATIENT MEDICAL SERVICES MD 501(C)(3) LINE 10 INTEGRACE INC 0 FAIRHAVEN INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 237405177 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 INTEGRACE INC 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 SCHEDULE R, PART II: BAYLEIGH CHASE, INC. WAS A RELATED TAX-EXEMPT ORGANIZATION THROUGH 3/30/2020. ON 3/31/2020, BAYLEIGH CHASE, INC. WAS MERGED INTO INTEGRACE, INC. AS AN OPERATING DIVISION. BUCKINGHAM'S CHOICE, INC. WAS A RELATED TAX-EXEMPT ORGANIZATION THROUGH 3/30/2020. ON 3/31/2020, BUCKINGHAM'S CHOICE, INC. WAS MERGED INTO INTEGRACE, INC. AS AN OPERATING DIVISION. FAIRHAVEN, INC. WAS A RELATED TAX-EXEMPT ORGANIZATION THROUGH 3/30/2020. ON 3/31/2020, FAIRHAVEN, INC. WAS MERGED INTO INTEGRACE, INC. AS AN OPERATING DIVISION. INTEGRACE HEALTH, INC. WAS A RELATED TAX-EXEMPT ORGANIZATION THROUGH 3/30/2020. ON 3/31/2020, INTEGRACE HEALTH, INC. DISSOLVED.