2020-11-13T11:52:28-06:00 2019-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2019-01-01 231900132 ACTS RETIREMENT-LIFE COMMUNITIES INC ACTS 2156618330 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 RICHARD A WINTER SENIOR VICE PRESIDENT, CFO 2156618330 2020-11-12 1 KERRI N BOGDA CPA P00760402 7177404863 2019 2022-09-23 18:48:47Z X GERALD T GRANT 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 557703718 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. 16 15 7533 2044 0 0 2720765 3839084 406582101 428288718 7235065 8167832 5485428 5953483 422023359 446249117 206565 190752 0 0 182946148 192644363 12500 33753 33753 225738950 242636340 408904163 435505208 13119196 10743909 1600237755 1660938549 1509270016 1540810830 90967739 120127719 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 366800674 190752 428288718 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 2019, ACTS SERVED, ON AVERAGE, 6,721 RESIDENTS IN INDEPENDENT LIVING, 738 RESIDENTS IN ASSISTED LIVING, AND 1,206 RESIDENTS IN SKILLED CARE. 366800674 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1431 0 7533 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 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 RICHARD A WINTER SENIOR VICE PRES 2156618330 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 X GERALD T GRANT PRESIDENT/CEO 30.00 23.00 X X 0 622912 357018 CHARLES W COXSON III EXEC VP/COO 30.00 15.00 X 0 380224 306431 KAREN I CHRISTIANSEN EXEC VP/CFO/ASST TREASURER 30.00 23.00 X 0 418288 176296 JEFFERSON D KAIGHN EXEC VP/CAO 30.00 15.00 X 0 346029 176314 GLENN D FOX SVP, GENERAL COUNSEL, ASST. SEC'Y 22.00 28.00 X 0 356907 25152 LORI M WOODWARD SR. VP SALES & MARKETING 25.00 20.00 X 0 311228 18435 PETER J KRESS VP/CIO 30.00 15.00 X 0 279688 28365 HOLLY S SCHADE SVP, HEALTH & HOME SERVICES 5.00 40.00 X 0 283525 23457 JONATHAN D GRANT SVP, COMMUNITY OPERATIONS 30.00 17.70 X 0 286153 20106 JAMES H PETTY SVP, BUSINESS DEVELOPMENT 30.00 15.00 X 0 277720 28365 KENNETH J KARMERIS SVP, REAL ESTATE SERVICES 25.00 20.00 X 0 251866 23835 RICHARD A WINTER SVP, FINANCIAL SERVICES 30.00 23.00 X 0 255889 15266 STEPHEN V EGGLES VP, MIDSOUTH REGION 30.00 15.00 X 0 240802 27054 GEORGE R BRYAN VP, SOUTHEAST REGION 30.00 16.00 X 0 241781 22696 JEREMY O NEELY VP, NORTHEAST REGION 30.00 15.00 X 0 242264 20570 GARY J N GINTER VP PROCUREMENT & CONTRACT 35.00 10.00 X 0 237863 23400 TERUKO A WHITE VP MID-ATLANTIC REGION 30.00 15.00 X 0 238256 16691 CLAIRE E HALTON VP HUMAN RESOURCES 30.00 15.00 X 0 217157 25954 MEGAN LONGLEY VP SALES 30.00 15.00 X 0 226423 16051 SUSAN AHERN VP & CONTROLLER 30.00 15.00 X 0 208333 22412 ROBERT A WESTERVELT VP OPERATIONAL AUDIT 30.00 15.00 X 0 221114 9265 SEAN T FLETCHER VP CONSTRUCTION SERVICES 30.00 15.00 X 0 200201 18632 STEVEN W MESSER EXECUTIVE DIRECTOR 40.00 5.00 X 0 187099 21046 IAIN W CRICHTON VP MISSION SUPP/SPIRITUAL 30.00 15.00 X 0 185482 20925 R BRUCE BERLIN CAMPUS EXECUTIVE DIRECTOR 40.00 5.00 X 0 182067 21443 STEPHEN LAPIERRE VP, CHESAPEAKE REGION 30.00 15.00 X 0 203195 0 JOYA MAROTTA CAMPUS EXECUTIVE DIRECTOR 40.00 5.00 X 0 175670 13895 SUSAN GEORGE EXECUTIVE DIRECTOR 40.00 5.00 X 0 164032 19880 DIONNE M JAMES EXECUTIVE DIRECTOR 40.00 5.00 X 0 162074 13354 PATRICK PLUMADORE VP, DINING SERVICES 30.00 15.00 X 0 48462 0 JOHN L ESTERHAI JR MD CHAIRMAN 2.00 2.60 X X 0 0 0 DILIP A KULATHUM VICE CHAIRMAN 2.00 5.75 X X 0 0 0 H BRUCE DETWEILER TREASURER 0.80 0.60 X X 0 0 0 ELRIC C GERNER SECRETARY 1.70 1.70 X X 0 0 0 ANNLOUISE DEVENNEY DIRECTOR 2.00 0.10 X 0 0 0 DANIEL W LAWSON II DIRECTOR 0.50 0.00 X 0 0 0 DONALD L DAVIS DIRECTOR (RET. MARCH '19) 1.00 0.10 X 0 0 0 DONNA J JACOBI MD DIRECTOR (RET. DEC. '19) 2.00 0.20 X 0 0 0 GEORGE R GUNN JR DIRECTOR 1.20 0.30 X 0 0 0 JIM WORTH DIRECTOR 1.00 0.00 X 0 0 0 JOHN J MARCHESCHI DIRECTOR (RET. DEC. '19) 2.00 0.50 X 0 0 0 LARRY D MARR DIRECTOR 0.30 0.00 X 0 0 0 MARVIN MASHNER DIRECTOR 2.50 2.40 X 0 0 0 ROBERT B EVANS DIRECTOR 4.00 1.00 X 0 0 0 SUSAN B ALLMOND DIRECTOR 1.50 0.70 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 0 7652704 1512308 31 0 1 0 EDIFICE INC PO BOX 36349 CHARLOTTE NC 28236 GENERAL CONTRACTOR 19513618 WARFEL CONSTRUCTION COMPANY 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 GENERAL CONTRACTOR 16273921 MORETTE COMPANY PO BOX 13452 PENSACOLA FL 32591 GENERAL CONTRACTOR 10141435 COMPLETE PROPERTY DEVELOPMENT PO BOX 970076 COCONUT CREEK FL 33097 GENERAL CONTRACTOR 8506730 HOLZ & HENRY INC 35 N RICHARDSON AVENUE LANSDALE PA 19446 GENERAL CONTRACTOR 6890468 134 3827719 11365 3839084 MONTHLY FEES 623000 266056633 266056633 ENTRANCE FEE AMORT. 623000 94051736 94051736 MEDICARE AND MEDICAID 623000 31435755 31435755 MEDICAL SERVICES REV. 623000 24322475 24322475 ADMINISTRATIVE FEE 623000 8209404 8209404 4212715 4212715 428288718 7536941 7536941 898763 898763 1397118 1201522 195596 195596 195596 109967872 17335 110253079 0 -285207 17335 -267872 -267872 APARTMENT MODIFICATION 623000 4059055 4059055 CAFE & CATERING INCOME 722514 1409012 1409012 DISCOUNTS EARNED 623000 3611 3611 286209 286209 5757887 446249117 428288718 0 14121315 36007 36007 154745 154745 292340 292340 152437878 144328095 8109783 3515394 3497070 18324 25070229 21683498 3386731 11328522 10647560 680962 610097 610097 444524 444524 33753 33753 824777 824777 16527846 15866755 661091 3633076 6822 3626254 13235445 8751252 4484193 3818810 3818810 33562391 33386857 175534 917079 712317 204762 386308 386308 23509081 23509081 73843358 69001454 4841904 1539855 1539855 MANAGEMENT SERVICES 33567154 33567154 FOOD EXPENSE 23576116 22968836 607280 MEDICAL SUPPLIES 4974293 4974293 NURSING HOME ASSESSMENT 1529915 1529915 6136215 3913922 2222293 435505208 366800674 68670781 33753 53923 55152 26198417 27102235 19088277 20534979 17750000 7396918 6611634 2099496626 848111642 1148905303 1251384984 324734854 310043224 10671597 10597092 42846102 30643465 2592364 3965784 1600237755 1660938549 65351977 66289529 655419142 708159334 633451737 617238056 127143779 125210066 27903381 23913845 1509270016 1540810830 X 65871637 89484254 25096102 30643465 90967739 120127719 1600237755 1660938549 X 10743909 12875109 5540962 X X 0 1 X 1 0 X 4281656 2452751 2743862 2720765 3839084 16038118 309153023 359098366 385589688 411872297 434046605 1899759979 313434679 361551117 388333550 414593062 437885689 1915798097 0 0 0 1915798097 8564084 8182651 8121668 8857492 9832822 43558717 8564084 8182651 8121668 8857492 9832822 43558717 321998763 369733768 396455218 423450554 447718511 1959356814 0.97780 0.97780 0.02220 0.02220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 435505208 435505208 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 1 24344 242947 235928 31363 0 2613922 95047 95047 2613922 2613922 58187 58187 2613922 2613922 115960 115960 2613922 1893422 720500 60365 60365 2613922 1893422 64883 64883 1893422 1.00000 0 1 1 56012357 56012357 1861972758 730556811 1131415947 35898049 26103218 9794831 145613462 91451613 54161849 1251384984 UNIT DEPOSITS 11774581 FAIR MARKET VALUE OF INVESTMENT CONTRACTS 9414971 DUE TO AFFILIATED ORGANIZATIONS 2724293 23913845 PART IV, LINE 1B: ACTS RETIREMENT-LIFE COMMUNITIES, INC. FUNCTIONS AS A CUSTODIAN FOR THE RECEIPT AND DISTRIBUTION OF FUNDS FOR PATIENTS ON MEDICAID. X X X X 1 HUNTER KEMPER CONSULTING 50 PANOLA STREET ASHEVILLE NC 28801 FEASABILITY STUDY 0 0 30003 0 30003 AL DE FL GA NC PA SC 1 SCHOLARSHIPS OFFERED TO CULINARY EMPLOYEES TO FURTHER THEIR EDUCATION 273 154745 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 2019 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. X 1 1 0 1 0 0 0 0 0 0 0 GERALD T GRANT PRESIDENT/CEO 0 499678 0 123234 0 0 0 339658 0 17360 0 979930 0 0 CHARLES W COXSON III EXEC VP/COO 0 313307 0 66917 0 0 0 289071 0 17360 0 686655 0 0 KAREN I CHRISTIANSEN EXEC VP/CFO/ASST TREASURER 0 339804 0 78484 0 0 0 158936 0 17360 0 594584 0 0 JEFFERSON D KAIGHN EXEC VP/CAO 0 284707 0 61322 0 0 0 162386 0 13928 0 522343 0 0 GLENN D FOX SVP, GENERAL COUNSEL, ASST. SEC'Y 0 297725 0 59182 0 0 0 11200 0 13952 0 382059 0 0 LORI M WOODWARD SR. VP SALES & MARKETING 0 261688 0 49540 0 0 0 11200 0 7235 0 329663 0 0 PETER J KRESS VP/CIO 0 232630 0 47058 0 0 0 11200 0 17165 0 308053 0 0 HOLLY S SCHADE SVP, HEALTH & HOME SERVICES 0 237530 0 45995 0 0 0 11200 0 12257 0 306982 0 0 JONATHAN D GRANT SVP, COMMUNITY OPERATIONS 0 240177 0 45976 0 0 0 2939 0 17167 0 306259 0 0 JAMES H PETTY SVP, BUSINESS DEVELOPMENT 0 229915 0 47805 0 0 0 11200 0 17165 0 306085 0 0 KENNETH J KARMERIS SVP, REAL ESTATE SERVICES 0 210920 0 40946 0 0 0 10129 0 13706 0 275701 0 0 RICHARD A WINTER SVP, FINANCIAL SERVICES 0 214073 0 41816 0 0 0 10156 0 5110 0 271155 0 0 STEPHEN V EGGLES VP, MIDSOUTH REGION 0 210216 0 30586 0 0 0 9945 0 17109 0 267856 0 0 GEORGE R BRYAN VP, SOUTHEAST REGION 0 206795 0 34986 0 0 0 8993 0 13703 0 264477 0 0 JEREMY O NEELY VP, NORTHEAST REGION 0 205220 0 37044 0 0 0 9932 0 10638 0 262834 0 0 GARY J N GINTER VP PROCUREMENT & CONTRACT 0 204163 0 33700 0 0 0 9704 0 13696 0 261263 0 0 TERUKO A WHITE VP MID-ATLANTIC REGION 0 204857 0 33399 0 0 0 9626 0 7065 0 254947 0 0 CLAIRE E HALTON VP HUMAN RESOURCES 0 186786 0 30371 0 0 0 8928 0 17026 0 243111 0 0 MEGAN LONGLEY VP SALES 0 198363 0 28060 0 0 0 9007 0 7044 0 242474 0 0 SUSAN AHERN VP & CONTROLLER 0 179160 0 29173 0 0 0 8709 0 13703 0 230745 0 0 ROBERT A WESTERVELT VP OPERATIONAL AUDIT 0 190776 0 30338 0 0 0 8736 0 529 0 230379 0 0 SEAN T FLETCHER VP CONSTRUCTION SERVICES 0 171443 0 28758 0 0 0 8158 0 10474 0 218833 0 0 STEVEN W MESSER EXECUTIVE DIRECTOR 0 161712 0 25387 0 0 0 7681 0 13365 0 208145 0 0 IAIN W CRICHTON VP MISSION SUPP/SPIRITUAL 0 160372 0 25110 0 0 0 7369 0 13556 0 206407 0 0 R BRUCE BERLIN CAMPUS EXECUTIVE DIRECTOR 0 158495 0 23572 0 0 0 4772 0 16671 0 203510 0 0 STEPHEN LAPIERRE VP, CHESAPEAKE REGION 0 190697 0 12498 0 0 0 0 0 0 0 203195 0 0 JOYA MAROTTA CAMPUS EXECUTIVE DIRECTOR 0 156830 0 18840 0 0 0 7098 0 6797 0 189565 0 0 SUSAN GEORGE EXECUTIVE DIRECTOR 0 148213 0 15819 0 0 0 6543 0 13337 0 183912 0 0 DIONNE M JAMES EXECUTIVE DIRECTOR 0 143737 0 18337 0 0 0 6614 0 6740 0 175428 0 0 PART I, LINE 1A THE ORGANIZATION HAS AN ANNUAL BOARD OF DIRECTORS' EDUCATIONAL RETREAT NEAR ONE OF MORE OF THE ORGANIZATION'S COMMUNITIES, WHICH MAY REQUIRE SOME OR ALL BOARD MEMBERS TO TRAVEL. SPOUSES OF BOARD MEMBERS ARE ALSO INVITED TO ATTEND AT THE COMPANY'S EXPENSE. THESE SPOUSES PARTICIPATE IN EDUCATIONAL SESSIONS, SINCE THEY TOO HAVE AN INTEREST IN THE MISSION OF THE ORGANIZATION, FREQUENTLY BECOME INVOLVED IN DISCUSSION OF THEIR SPOUSE'S ROLE AND HOW THE ORGANIZATION FUNCTIONS, AND ALSO MUST PROVIDE ENABLING SUPPORT TO THE BOARD MEMBER. IN ADDITION, SPOUSES ALSO PROVIDE INSIGHT INTO THE EFFECTS OF ORGANIZATIONAL PLANS AND STRATEGIES. AS SUCH, THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION. 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 2018, 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 $147,736 FOR KAREN I. CHRISTIANSEN (NON-VESTED), $277,871 FOR CHARLES W. COXSON, III (NON-VESTED), $328,458 FOR GERALD T. GRANT (NON-VESTED), AND $151,186 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 86115944 4724767 1320425 861004 15317017 66186811 2015 1 0 1 1 B 14647385 783319 157094 13823791 2012 1 0 1 1 C 4955000 13343290 799554 143578 12627362 2012 1 0 1 1 D 9815000 38500000 2478380 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 16.300000000000 1 0 1 B 0 0 0 1 0 0 1 AEGON 10.300000000000 1 0 1 C 0 0 0 1 0 0 1 AEGON 9.300000000000 1 0 1 D 0 0 0 1 1 1 BANK OF AMERICA 28.900000000000 0 0 1 AEGON 28.600000000000 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 5965000 25395000 2047724 507900 1312615 22364390 2003 1 0 1 1 B 47675000 291101 47675000 2013 1 0 1 1 C 116955010 811240 1811145 823833 61045841 53274191 2019 1 1 1 1 D 7275000 125913985 2387663 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 24.600000000000 1 0 1 B 0 0 1 0 1 1 MORGAN STANLEY CAPI 3.400000000000 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 59304 66166 8651870 2016 0 1 1 1 B 31615000 95623 901627 245189 14431692 12576811 3459681 0 0 0 1 C 51751642 390870 1871381 426507 15414823 12319135 21719796 0 0 0 1 D 39645855 1151596 1165067 474576 22958362 11354054 3693796 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 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 A 32065000 96995 268845 31796155 0 0 0 1 B 23826256 179859 119942 245464 21080791 2380058 1 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 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 GEORGE R GUNN JR DIRECTOR OF ACTS 2274 RESIDENTIAL MONTHLY FEE DISCOUNT RETIRED EMPLOYEE BENEFIT PROGRAM CHARLES W COXSON III OFFICER OF ACTS 51899 FAMILY RELATIONSHIP: CHARLES W. COXSON, III, AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS A FAMILY MEMBER WHO IS EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MR. COXSON DOES NOT DIRECTLY OR INDIRECTLY SUPERVISE THIS INDIVIDUAL, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 HOLLY SCHADE OFFICER OF ACTS 105133 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. MS. SCHADE DOES NOT DIRECTLY OR INDIRECTLY SUPERVISE THESE INDIVIDUALS, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 TERUKO WHITE OFFICER OF ACTS 135308 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. MS. WHITE 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 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 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 COMMITTEE, WHICH INCLUDES TWO CERTIFIED PUBLIC ACCOUNTANTS. 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 2018, 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 18,387. CHANGE IN BENEFICIAL INTEREST IN INVESTMENTS OF ACTS LEGACY FOUNDATION 5,547,363. MERGER OF PARK POINT VILLAGE -24,788. PART XII, FINANCIAL STATEMENTS AND REPORTING THE ORGANIZATION'S ANNUAL FINANCIAL STATEMENTS ARE AUDITED ON A CONSOLIDATED BASIS AND THE ORGANIZATION HAS AN AUDIT COMMITTEE CONSISTING OF BOARD MEMBERS ONLY THAT EXERCISES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. 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