2019-12-18T14:46:40-06:00 2019-02-28 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2018-03-01 860410807 PEOPLE OF FAITH INC PEOP 6239332807 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 A CARTER SMITHERMAN CFO 6239332807 2019-12-17 1 CHAD KUNZE P00639380 6022662248 67.137.57.251 2019-12-17 10:25:42 US P 60B77A11AD647D36801C5C9DB910492A7F4ED932 9843ADBE98ED08C8C9794A3C6C65F2E93A055AF8 2018 2020-04-17 16:48:07Z ROYAL OAKS KENDRA EBERHART 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 117600773 0 X WWW.ROYALOAKS.COM X 1983 AZ PROVIDE HOUSING THAT PROMOTES COMFORT, SECURITY, INDEPENDENCE & LIFE SATISFACTION FOR RESIDENTS. 13 13 462 300 0 0 637815 605269 28618002 25926401 5211565 6217354 1763 857994 34469145 33607018 67642 71162 0 0 14964676 14767504 0 0 0 20856414 14409114 35888732 29247780 -1419587 4359238 139092685 136515273 89337351 87465299 49755334 49049974 X 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 1 24865494 71162 25926401 DURING THE FISCAL YEAR ENDED FEBRUARY 28, 2019, 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. 24865494 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 0 0 0 0 1 1 1 1 0 0 1 151 0 462 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 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 CAROL BRYAN CHAIR 1.00 0.00 X X 0 0 0 DICK JORGENSON VICE CHAIR 1.00 0.00 X X 0 0 0 MARY BETH JOUBLANC SECRETARY 1.00 0.00 X X 0 0 0 JANIS RYAN TREASURER 1.00 0.00 X X 0 0 0 GARY BENSON TRUSTEE 1.00 0.00 X 0 0 0 KAREN BOUGNEIT TRUSTEE 1.00 0.00 X 0 0 0 DAN BRUSNAHAN TRUSTEE (THROUGH SEPTEMBER 2018) 1.00 0.00 X 0 0 0 TERESA GIARRUSSO TRUSTEE 1.00 1.00 X 0 0 0 LOUIS JOHNSON TRUSTEE 1.00 0.00 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 HOWARD POCH TRUSTEE 1.00 0.00 X 0 0 0 WILL RICHARD TRUSTEE 1.00 0.00 X 0 0 0 ERIC SHOLBERG TRUSTEE (THROUGH APRIL 2018) 1.00 0.00 X 0 0 0 MARK WOODFIELD TRUSTEE 1.00 0.00 X 0 0 0 KENDRA EBERHART PRESIDENT & CEO 39.00 1.00 X 382960 0 79121 A CARTER SMITHERMAN CFO 39.00 1.00 X 144538 0 31380 GRETCHEN COBB COO 39.00 1.00 X 198021 0 69094 DINA JO CAPEK DIRECTOR OF HEALTH SERVICE 40.00 0.00 X 169361 0 32419 VICKI ULLERY MARKETING DIRECTOR 40.00 0.00 X 119379 0 23269 JANET ADAMS H.R. DIRECTOR 40.00 0.00 X 119368 0 26959 SUSAN CAREY ALTGILBERS IT DIRECTOR 40.00 0.00 X 107596 0 15920 CHRISTINE LANG FACILITIES DIRECTOR 40.00 0.00 X 104133 0 11524 1345356 0 289686 8 0 1 0 COMPASS GROUP 2400 YORKMOUNT ROAD CHARLOTTE NC 28217 FOOD COMMODITIES AND SERVICES 2753651 PERKINS EASTMAN ARICHITECTS DPC 115 FIFTH AVENUE NEW YORK NY 10003 ARCHITECTUAL DESIGN AND ENGINEERING 937816 AZ VALLEY WINDOWS LLC 2501 W BEHREND DR 21 PHOENIX AZ 85027 WINDOWS AND SLIDER DOORS 636615 SENTINEL TECHNOLOGIES PO BOX 85050 CHICAGO IL 60680 VARIOUS I.T. SERVICES AND COMPONENTS 453751 MAYFAIR FLOORS 3120 W CAREFREE HIGHWAY SUITE B5 PHOENIX AZ 85086 FLOORING PRODUCTS AND INSTALLATION 439433 30 567849 37420 605269 RESIDENT REVENUES 623000 19404812 19404812 ENTRANCE FEES 623000 6521589 6521589 25926401 1636571 1636571 114654 0 114654 114654 114654 88565153 9385 83993755 0 4571398 9385 4580783 4580783 RESIDENT AMENITIES 900099 354915 354915 MEALS 721000 302531 302531 MISCELLANEOUS INCOME 900099 85894 85894 743340 33607018 25926401 0 7075348 45000 45000 26162 26162 830712 830712 11428977 10878502 550475 302405 272804 29601 1304085 1283869 20216 901325 811435 89890 77424 77424 54800 54800 377037 377037 1235226 1005445 229781 440213 328959 111254 711675 435369 276306 333793 276455 57338 2286372 1987553 298819 62287 48341 13946 58659 19165 39494 1217219 1095497 121722 4679060 4011590 667470 487297 199203 288094 FOOD 2033687 1885188 148499 MISCELLANEOUS EXPENSES 135949 102288 33661 MEDICAL SUPPLIES 95330 95330 DUES & SUBSCRIPTIONS 83483 57339 26144 39603 39603 29247780 24865494 4382286 0 2420569 1671386 5921261 7982465 827844 1507407 210485 206044 675110 656471 122009466 62310327 56873727 59699139 72128209 64756881 35480 35480 139092685 136515273 2674342 2219436 47543655 47315391 37904793 36613812 297441 539510 917120 777150 89337351 87465299 X 44835305 44054301 4920029 4995673 49755334 49049974 139092685 136515273 X 4359238 -5079064 14466 X 0 1 X 1 0 X 1046989 913813 645580 637815 605269 3849466 24280374 24504919 25999186 28618002 25926401 129328882 583698 700142 695797 701422 657446 3338505 25911061 26118874 27340563 29957239 27189116 136516853 135397 178188 379441 135504 134282 962812 0 135397 178188 379441 135504 134282 962812 135554041 1716273 1674319 1692859 1671992 1751225 8506668 1716273 1674319 1692859 1671992 1751225 8506668 45290 67155 85894 198339 27627334 27793193 29078712 31696386 29026235 145221860 0.93340 0.93080 0.05860 0.06130 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 91826436 52143734 39682702 4259306 4259306 14046462 10166593 3879869 2412292 2412292 59699139 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 777150 777150 X 27236090 51398 51398 27184692 6422326 6422326 33607018 27790769 0 27790769 1457011 1457011 29247780 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 36,932. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 14,466. PART XI, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT FUND REVENUES 81,210. CACTUS SKY LLC REVENUES 61,617. DISCONTINUED OPERATIONS REVENUES 71,530. INTEREST & DIVIDENDS 1,636,571. REALIZED GAINS ON INVESTMENTS 4,571,398. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT FUND EXPENSES 36,932. CACTUS SKY LLC EXPENSES 64,694. DISCONTINUED OPERATIONS EXPENSES 821,263. INVESTMENT EXPENSES 326,793. MARKETING EXPENSES FOR EXPANSION 207,329. 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 24 26162 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 219597 0 58770 0 104593 0 53581 0 25540 0 462081 0 107127 0 A CARTER SMITHERMAN CFO 124734 0 18393 0 1411 0 5840 0 25540 0 175918 0 0 0 GRETCHEN COBB COO 156707 0 32222 0 9092 0 43554 0 25540 0 267115 0 0 0 DINA JO CAPEK DIRECTOR OF HEALTH SERVICE 141048 0 20014 0 8299 0 14919 0 17500 0 201780 0 0 0 PART I, LINE 4B THE PRESIDENT & CEO AND COO 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 2018, $35,080 ACCRUED WITHIN THE PLAN FOR THE PRESIDENT & CEO AND $25,057 ACCRUED WITHIN THE PLAN FOR THE COO. THESE AMOUNTS ARE INCLUDED IN PART II, COLUMN C AS OTHER DEFERRED COMPENSATION. IN 2018, THERE WAS A DISTRIBUTION OF $107,127 TO THE PRESIDENT & CEO. THIS AMOUNT IS INCLUDED IN PART II, COLUMN B(III) AS OTHER TAXABLE COMPENSATION. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING 2018. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF GLENDALE ARIZONA 521767454 378287AP1 2016-08-03 39699349 CURRENT REFUNDING 0 0 0 A 1610000 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 FORM 990, PART III, LINE 3 DURING THE FISCAL YEAR, ROYAL OAKS DISCONTINUED OPERATIONS OF THE CARILLONS WITHIN CACTUS SKY HOLDINGS, LLC. 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 THE FORM 990 WAS REVIEWED BY THE BOARD OF TRUSTEES AT A BOARD MEETING PRIOR 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 14,466. CACTUS SKY HOLDINGS LLC 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 810863279 REAL ESTATE AZ 206658 9708358 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 0 1 PEOPLE OF FAITH FOUNDATION INC C 567849 CASH VALUE PEOPLE OF FAITH FOUNDATION INC O 60000 CASH VALUE PEOPLE OF FAITH FOUNDATION INC Q 125023 CASH VALUE PEOPLE OF FAITH FOUNDATION INC S 111243 CASH VALUE