2019-04-08T16:18:58-05:00 2018-06-30 381357951 PLANTE & MORAN PLLC 27400 NORTHWESTERN HIGHWAY SOUTHFIELD MI 48034 990 2017-07-01 351270709 GREENCROFT GOSHEN INC GREE 5745374000 PO BOX 819 GOSHEN IN 46527 SCOTT MARTIN VP OF FINANCE 5745374000 2019-03-19 1 DAVID LOWENTHAL P00378651 2483522500 2019-03-19 67.59.56.33 2019-03-19 11:32:04 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5AC40D8363438C8C04A06966F83229C572E70071 2017 2019-02-21 02:37:17Z BRENT NAFZIGER 1721 GREENCROFT BLVD GOSHEN IN 46526 28729857 0 X WWW.GREENCROFT.ORG X 1972 IN GREENCROFT GOSHEN PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING WITH SUPPORTIVE SERVICES, ASSISTED LIVING, AND SKILLED NURSING CARE. CHARITY CARE FOR FYE JUNE 30, 2018 AMOUNTED TO $2,821,218. 9 9 600 278 34952 -35170 719983 255600 22548170 22725621 2265336 2614906 763787 748091 26297276 26344218 425471 396919 0 0 14451752 14195050 0 0 0 11396174 11638897 26273397 26230866 23879 113352 76656024 80850516 71756769 70359554 4899255 10490962 X GREENCROFT GOSHEN CREATES A DYNAMIC LIVING COMMUNITY THAT EMBRACES THE CREATIVITY, CONTRIBUTIONS AND CHALLENGES OF AGING FOR ALL, GROUNDED IN SERVICE EXCELLENCE, COMPASSIONATE CARE AND MENNONITE VALUES. 0 0 12414802 0 13004184 NURSING SERVICES - GREENCROFT GOSHEN'S HEALTH FACILITIES PROVIDE STATE-OF-THE-ART HEALTH CARE TECHNIQUES AND TECHNOLOGY IN AN INVITING AND SUPPORTIVE RESIDENTIAL ENVIRONMENT. OUR SETTING IS APPROPRIATE FOR INDIVIDUALS WHO ARE RECOVERING FROM SURGERY OR ILLNESS, NEED REHABILITATION, OR REQUIRE ONGOING LONG-TERM NURSING CARE. OUR RESTORATIVE CARE PHILOSOPHY REINFORCES THE HEALING AND REHABILITATION PROCESS AND PROMOTES INDEPENDENCE. A FULL RANGE OF ACTIVITIES, CHAPLAINCY, AND SOCIAL SERVICES ARE PROVIDED. WE PROVIDE OUTPATIENT PHYSICAL, OCCUPATIONAL, AND SPEECH/LANGUAGE THERAPIES FOR ALL AGES. WE EMPHASIZE EDUCATION AND COMMUNICATION WITH YOU, YOUR FAMILY, AND REFERRING PHYSICIANS. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM GREENCROFT COMMUNITIES FOUNDATION IF THEIR ASSETS RUN OUT. DURING THE YEAR ENDED JUNE 30, 2018, OVER 15% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNTS: INDIGENT CARE/CHARITY CARE - $2,821,218 MEDICARE WRITE-OFFS - $936,088. 8933814 0 9357940 RESIDENT SERVICES - GREENCROFT GOSHEN (GG) IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNIT (CCRC) SERVICES TO 800 RESIDENTS ON A 170-ACRE CAMPUS. GG PROVIDES CCRC SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING, ADULT DAY PROGRAMS, SENIOR CENTER PROGRAMS, AND HOME CARE SERVICES. EVERGREEN PLACE PROVIDES GG RESIDENTS WITH A VITAL OPTION IN THE CONTINUUM OF CARE IF AND WHEN THEY SHOULD NEED ASSISTANCE SERVICES. ASSISTED LIVING VACANCIES NOT FILLED BY GG ARE AVAILABLE TO OLDER ADULTS IN THE WIDER COMMUNITY. WE PARTNER WITH RESIDENTS, THEIR FAMILIES, AND OTHERS TO CREATE A COMMUNITY WHERE OLDER ADULTS ENJOY LIFE. SUCH PARTNERSHIP IS ESSENTIAL TO APPROPRIATELY MEET THE NEEDS OF A RAPIDLY GROWING OLDER ADULT POPULATION. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS ARE ELIGIBLE FOR SUPPORT FROM THE GREENCROFT COMMUNITY FOUNDATION IF THEIR ASSETS RUN OUT. GG IS IN AN ACTIVE PARTNERSHIP WITH GOSHEN COLLEGE TO PROVIDE LIFELONG LEARNING OPPORTUNITIES TO PEOPLE OVER THE AGE OF 55 IN ELKHART COUNTY. ADDITIONALLY, GG PROVIDES NUMEROUS PROGRAMS AND ACTIVITIES FOR SENIORS ON AND OFF OUR CAMPUS. GG IS AFFILIATED WITH THREE HUD HOUSING ORGANIZATIONS ON ITS CAMPUS THAT ARE INTEGRATED INTO GG'S SERVICES. THESE ORGANIZATIONS SERVE 325 RESIDENTS. 51113 0 53540 DIETARY AND OTHER SERVICES - THE ORGANIZATION PROVIDES DIETARY AND OTHER MISCELLANEOUS PROGRAM SERVICES TO ITS RESIDENTS. 1007338 396919 1055161 THE ORGANIZATION PROVIDES MAINTENANCE, TELEPHONE, HOUSEKEEPING, RENTAL, AND DIETARY SERVICES TO VARIOUS AFFILIATED ORGANIZATIONS. 1007338 396919 1055161 22407067 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 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 0 1 1 1 0 0 1 0 0 600 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IN X SCOTT MARTIN 5745374000 1721 GREENCROFT BLVD GOSHEN IN 46526 DIANE WOODWORTH VICE CHAIR 1.00 4.00 X X 0 0 0 STEVE GARBODEN CHAIR 1.00 4.00 X X 0 0 0 CHERYL CARLTON BOARD MEMBER 1.00 4.00 X 0 0 0 MATT SZYNAL BOARD MEMBER 1.00 4.00 X 0 0 0 JIM ALVAREZ BOARD MEMBER (PART YEAR) 1.00 4.00 X 0 0 0 DICK CRAIG BOARD MEMBER (PART YEAR) 1.00 4.00 X 0 0 0 KAREN STEFFENSEN BOARD MEMBER 1.00 4.00 X 0 0 0 JEREMY STUTSMAN BOARD MEMBER 1.00 4.00 X 0 0 0 MILT THOMAS BOARD MEMBER 1.00 4.00 X 0 0 0 CAROL EBERSOLE BOARD MEMBER 1.00 4.00 X 0 0 0 GENE YODER BOARD MEMBER 1.00 4.00 X 0 0 0 BRENT NAFZIGER PRESIDENT 40.00 5.10 X 0 60873 19232 DALE SHENK TREASURER 1.00 43.50 X 0 136072 36872 RACHEL APPLEGATE SECRETARY (PART YEAR) 0.20 39.60 X 0 47970 3310 KATHY BREWTON SECRETARY 1.00 43.50 X 0 139063 32202 GEORGE RAJ DIRECTOR OF NURSING 40.00 0.00 X 102605 0 27806 SANDRA YODER FORMER PRESIDENT 0.00 0.00 X 0 208701 15503 102605 592679 134925 1 1 1 0 0 255600 255600 CONTRACT LABOR/BUILDING USE 541610 12884184 12884184 RESIDENT SERVICES 623000 8703239 8703239 AFFILIATE SUPPORT 623000 1007634 1007634 DIETARY SERVICES 722320 84964 53540 31424 RENT FROM AFFILIATES 531390 45600 45600 22725621 2447539 2447539 120000 120000 107223 135760 -28537 -28537 3528 -32065 2415219 2027 2245886 3993 169333 -1966 167367 167367 HOUSEKEEPING 812900 247411 247411 TENANT CHARGES 812900 225381 225381 BEAUTY/BARBER SHOP 623000 34865 34865 148971 148971 656628 26344218 23470825 34952 2582841 382940 382940 13979 13979 10755817 9326638 1429179 473400 410497 62903 2130199 1847149 283050 835634 724599 111035 1172241 1172241 18673 18673 38275 38275 536410 156801 379609 31443 25154 6289 602314 554129 48185 1014523 1014523 34783 26435 8348 4100717 4100717 3208484 3208484 47220 47220 DIETARY EXPENSES 394211 394211 REPAIRS & MAINTENANCE 212284 195301 16983 TOUR EXPENSE 58379 58379 DUES 43846 43846 125094 25510 99584 26230866 22407067 3823799 0 3410 3410 7037202 7594999 660511 186619 89817 90381 98965 101032 96550808 51782443 45027619 44768365 20119047 20855530 60373 62516 3559080 7187664 76656024 80850516 998165 1132197 7305039 7436609 46313399 45548825 17140166 16241923 71756769 70359554 X 3383911 5014693 253482 1745372 1261862 3730897 4899255 10490962 76656024 80850516 X 113352 195040 3680188 1603127 X X 0 1 X 1 0 X 6386699 546593 1038386 719983 255600 8947261 24137846 24759433 23098576 23291144 23470825 118757824 1580849 537772 516562 0 0 2635183 32105394 25843798 24653524 24011127 23726425 130340268 0 0 0 130340268 859339 1499602 2071661 2115354 2551234 9097190 859339 1499602 2071661 2115354 2551234 9097190 504867 363457 328128 1196452 33469600 27706857 27053313 26126481 26277659 140633910 0.92680 0.93870 0.06470 0.04990 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME 12945177 55385 824332 360408 13464486 9308431 2892575 1082584 338413 12945177 8475702 1127936 22939 318146 9308431 8684482 20300 82555 311635 8475702 7642066 5705827 1101425 5764836 8684482 0.58610 0.34120 0.07270 0 1 1 1852029 1852029 76994370 39596786 37397584 7007550 3974809 3032741 10211088 8197286 2013802 485771 13562 472209 44768365 BENEFICIAL INTEREST IN GREENCROFT COMMUNITIES FOUNDATION 3926133 DUE FROM AFFILIATE 68686 DUE FROM AFFILIATE - GREENCROFT CENTRAL MANOR (LONG-TERM) 1070085 DUE FROM AFFILIATE - HAVEN HUBBARD HOMES (LONG TERM) 1100000 RESIDENT CONTRACTS IN PROCESS OF SETTLEMENT 1022760 7187664 ACCRUED INTEREST PAYABLE 299968 LIFE LEASE NOTES PAYABLE 15382975 INTEREST RATE SWAP LIABILITY 344092 DUE TO AFFILIATE - GREENCROFT RETIREMENT COMMUNITIES 214888 16241923 PART V, LINE 4: ENDOWMENT FUNDS ARE HELD BY GREENCROFT COMMUNITIES FOUNDATION INC. FOR THE BENEFIT OF GREENCROFT GOSHEN. THE FUNDS MAY ALSO BENEFIT RELATED ORGANIZATIONS MANOR II, MANOR III AND CENTRAL MANOR, BUT THERE IS NOT A DIRECT OBLIGATION TO THESE THREE ORGANIZATIONS SO THE FUNDS ARE NOT CONSIDERED AS HELD FOR THEIR BENEFIT. GREENCROFT GOSHEN ALSO HAS AN ENDOWMENT FUND THAT DIRECTLY SUPPORTS SOME PROGRAM SERVICES OF THE ORGANIZATION. 1 GREENCROFT COMMUNITIES FOUNDATION INC PO BOX 819 GOSHEN IN 46527 237126990 501(C)(3) 375427 N/A N/A TO SUPPORT OPERATIONS 1 0 ADULT DAY CARE ASSISTANCE 4 13979 N/A N/A PART I, LINE 2: CONTRIBUTIONS MADE ARE UNRESTRICTED AND CAN BE USED IN ANY WAY THE DONEE ORGANIZATION SEES FIT TO FURTHER ITS TAX-EXEMPT PURPOSE. ADULT DAY CARE FINANCIAL ASSISTANCE IS GIVEN TO INDIVIDUALS FROM THE COMMUNITY WHO WOULD OTHERWISE NOT BE ABLE TO PARTICIPATE IN THE PROGRAM. 0 0 0 0 0 0 0 0 0 DALE SHENK TREASURER 0 130958 0 5000 0 114 0 6724 0 30148 0 172944 0 0 KATHY BREWTON SECRETARY 0 133949 0 5000 0 114 0 6904 0 25298 0 171265 0 8117 SANDRA YODER FORMER PRESIDENT 0 76215 0 0 0 132486 0 12603 0 2900 0 224204 0 132486 SCHEDULE J, PART I THIS ENTITY RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE PRESIDENT/CEO: 1. COMPENSATION SURVEY OR STUDY 2. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE SCHEDULE J, PART II THE COMPENSATION REPORTED ON PART II COLUMN F RELATES TO A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN UNDER SECTION 457(B). AS SUCH, SCHEDULE J, PART I, LINE 4B DOES NOT APPLY. A INDIANA FINANCE AUTHORITY 351602316 45506DKU8 2013-12-27 30252027 SEE PART VI 0 0 0 B INDIANA FINANCE AUTHORITY 351602316 2013-12-27 18729592 SEE PART VI 0 0 0 A 891735 30252098 1855310 605040 3442010 26130463 74585 2015 1 0 0 1 B 1130415 18731977 374592 3158026 9967062 5232297 2015 1 0 0 1 A 0 1 1 1 0 0.00080 0.00130 0.00210 0 0 1 B 0 1 1 1 0 0.00080 0.00130 0.00210 0 0 1 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 1 1 THE HUNTINGTON NATIONAL BANK 10.000000000000 0 0 0 0 0 A 0 B 0 SCHEDULE K, PART I: THE 2013A BONDS WERE ISSUED FOR THE BENEFIT OF GREENCROFT GOSHEN, INC., ("GOSHEN") AND SOUTHFIELD VILLAGE, INC. ("SOUTHFIELD"). 69.11% OF THE PROCEEDS OF THE 2013A BONDS IS ALLOCABLE TO GOSHEN AND THE AMOUNTS IN PARTS I AND II REFLECT SUCH ALLOCATION. THE PORTION OF THE 2013A BONDS ALLOCABLE TO SOUTHFIELD IS BEING REPORTED ON SCHEDULE K TO SOUTHFIELD'S FORM 990. THE 2013B BONDS WERE ISSUED FOR THE BENEFIT OF GREENCROFT GOSHEN, INC., ("GOSHEN") AND HAVEN HUBBARD HOMES, INC. D/B/A HAMILTON GROVE ("HAMILTON"). 60.42% OF THE PROCEEDS OF THE 2013B BONDS IS ALLOCABLE TO GOSHEN AND THE AMOUNTS IN PARTS I & II REFLECT SUCH ALLOCATION. THE PORTION OF THE 2013B BONDS ALLOCABLE TO HAMILTON IS BEING REPORTED ON SCHEDULE K TO HAMILTON'S FORM 990. SCHEDULE K, PART I, LINE A: (F) DESCRIPTION OF PURPOSE: THE GOSHEN PORTION OF THE 2013A BONDS WAS USED TO REFUND THE CITY OF GOSHEN, INDIANA REVENUE BONDS, SERIES 1998 (GREENCROFT OBLIGATED GROUP) ISSUED ON SEPTEMBER 29, 1998. A PORTION WAS ALSO USED FOR THE CONSTRUCTION AND EQUIPPING OF CAPITAL ASSETS OF GOSHEN. SCHEDULE K, PART I, LINE B: (F) DESCRIPTION OF PURPOSE: THE GOSHEN PORTION OF THE 2013B BONDS WAS USED TO REFUND THE INDIANA HEALTH FACILITY FINANCING AUTHORITY VARIABLE RATE SENIOR LIVING REVENUE BONDS, SERIES 2000 (GREENCROFT OBLIGATED GROUP) ISSUED ON DECEMBER 12, 2000. A PORTION WAS ALSO USED FOR THE CONSTRUCTION AND EQUIPPING OF CAPITAL ASSETS OF GOSHEN. SCHEDULE K, PART III, LINE 3A: THE ORGANIZATION HAS ENTERED INTO CERTAIN MANAGEMENT CONTRACT(S) WHICH DO NOT CONSTITUTE PRIVATE BUSINESS USE. SCHEDULE K, PART IV, LINE 4B: (B) NAME OF PROVIDER: THE HUNTINGTON NATIONAL BANK FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS UNDER A MANAGEMENT/AFFILIATION CONTRACT WITH GREENCROFT RETIREMENT COMMUNITIES, INC. (GRC), A RELATED TAX-EXEMPT ORGANIZATION. ACCORDING TO THE AGREEMENT, GRC HAS THE SOLE AND EXCLUSIVE RIGHT TO SUPERVISE, MANAGE, AND OPERATE THE ORGANIZATION'S FACILITY ("THE FACILITY"). IN ADDITION, GRC HAS THE SOLE CONTROL AND DISCRETION WITH REGARD TO THE OPERATION AND MANAGEMENT OF THE FACILITY FOR ALL CUSTOMARY PURPOSES, AS WELL AS THE RIGHT TO DETERMINE ALL OPERATING POLICIES AFFECTING OR CONCERNING THE APPEARANCE AND MAINTENANCE STANDARDS OF OPERATION, AND ANY OTHER MATTER AFFECTING THE FACILITY OR THE OPERATION THEREOF. THE AGREEMENT TERMINATES IN JUNE 2028. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, GREENCROFT RETIREMENT COMMUNITIES, INC (GRC), THAT IS ALSO A RELATED TAX-EXEMPT ORGANIZATION. THE RESERVED POWERS OF THE SOLE MEMBER ARE AS FOLLOWS 1. APPROVAL TO ANY CHANGES IN CORPORATE MISSION, WHICH MAY BE PROPOSED BY THE ORGANIZATION, BUT WHICH SHALL BECOME EFFECTIVE ONLY UPON APPROVAL OF GRC 2. APPROVAL OF NOMINATED CANDIDATES TO SERVE AS DIRECTOR OF THE ORGANIZATION 3. THE CREATION OR DISCONTINUANCE OF PROGRAMS OR SERVICES OFFERED BY THE ORGANIZATION 4. AMENDMENTS TO THE BYLAWS AND ARTICLES OF INCORPORATION 5. APPROVAL OR THE ADOPTION OF THE ANNUAL BUDGET 6. APPROVAL OF NON-BUDGETED CONTRACTS AND/OR NON-BUDGETED PURCHASES OF OVER $50,000 7. THE INCURRENCE OF INDEBTEDNESS OVER $500,000 8. THE SALE OF REAL ESTATE 9. THE DONATION OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS 10. ANY MERGER OR CONSOLIDATION WITH ANY OTHER ORGANIZATION, OR THE PARTIAL OR TOTAL DISSOLUTION OF THE ORGANIZATION 11. THE CREATION OF SUBSIDIARY CORPORATIONS, LLCS, PARTNERSHIPS, OR OTHER ENTERPRISES 12. THE ACQUISITION OF CONTROLLING INTERESTS IN ANOTHER ENTITY 13. THE APPOINTMENT OF THE PRESIDENT/CEO, CFO, SECRETARY, AND TREASURER OF THE CORPORATION (BUT NOT THE OFFICERS OF THE BOARD OF DIRECTORS) 14. THE REMOVAL OF THE CHAIR OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE 15. THE REMOVAL OF MEMBERS OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE. NOTWITHSTANDING THESE RESERVED POWERS, THE MEMBER HAS NO FINANCIAL OBLIGATIONS OR RESPONSIBILITIES FOR ANY ACTIONS OF THE ORGANIZATION BY REASON OF SERVING AS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION B, LINE 11B A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PRESENTED BY OUR TAX ADVISORS TO THE ORGANIZATION'S AUDIT COMMITTEE AT A REGULARLY SCHEDULED MEETING. A COPY OF THE FINAL DRAFT IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO ITS FILING. THIS ALLOWS THE BOARD OF DIRECTORS AND MANAGEMENT TO REVIEW AND PROVIDE COMMENTS AND EXPLANATIONS REGARDING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. THE TREASURER REVIEWS EACH POLICY STATEMENT SIGNED BY THESE INDIVIDUALS TO DETERMINE IF ANY CONFLICTS HAVE OCCURRED AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF A CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN HIM/HERSELF FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 GREENCROFT GOSHEN, CENTRAL MANOR, MANOR II AND MANOR III'S (GG) PHILOSOPHY IS TO COMPENSATE TEAM MEMBERS IN A FAIR MANNER FOR THE WORTH OF WORK PROVIDED WITHIN THE CURRENT MARKET VALUE RANGE FOR EACH POSITION IN THE ORGANIZATION. GG CONDUCTS PERIODIC REVIEW OF THE MARKET TO DEVELOP AVERAGE WAGES FOR POSITIONS WITHIN GREENCROFT GOSHEN. GREENCROFT GOSHEN STARTS EMPLOYEES THAT MEET THE MINIMUM REQUIREMENTS FOR THE POSITION AT/OR NEAR THE STARTING WAGE. WE MAKE ADJUSTMENTS TO THE STARTING WAGE BASED ON YEARS OF EXPERIENCE IN THAT SPECIFIC POSITION. OUR COMPENSATION PHILOSOPHY FOR STAFF OF OUR ORGANIZATION IS BASED ON VARIOUS TIERS. THE FIRST TIER IS GENERAL STAFF. WE HAVE HIRED AN OUTSIDE CONSULTANT TO DEVELOP A COMPENSATION SYSTEM FOR ALL OF GREENCROFT GOSHEN'S POSITIONS. THE CONSULTANTS DEVELOPED A SYSTEM WITH WAGE SCALES THAT USE THE MARKETPLACE AVERAGE FOR KEY POSITIONS AS THE STARTING POINT FOR THE SCALES. THE WAGES SCALES HAVE A MINIMUM, A 25TH PERCENTILE, A 50TH PERCENTILE (AVERAGE) A 75TH PERCENTILE AND A MAXIMUM. WE STRIVE TO KEEP OUR AVERAGE FOR POSITIONS AT THE MID-POINT OF A RANGE DEVELOPED BY OUR CONSULTANTS. PERIODICALLY WE HIRE A CONSULTANT TO UPDATE THE MARKETPLACE AVERAGE FOR SEVERAL KEY POSITIONS. THE CONSULTANT WILL USE AREA MARKETPLACE DATA, LEADINGAGE DATA, AND OTHER INDUSTRY DATA TO DEVELOP THE AVERAGE. OUR COMPENSATION PHILOSOPHY FOR MANAGEMENT AND EXECUTIVE STAFF (DIRECTORS AND VICE PRESIDENT) OF OUR ORGANIZATION IS SLIGHTLY DIFFERENT. THE SECOND TIER IS MANAGEMENT STAFF. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR STAFF. HOWEVER, OUR POLICY STATES THAT DIRECTORS ARE LIKE OTHER STAFF AND CAN EARN UP TO THE 100TH PERCENTILE OF THE RANGE FOR THEIR POSITION. OUR THIRD TIER IS VICE PRESIDENT STAFF. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR STAFF. HOWEVER, THERE IS ONE DIFFERENCE. THE POLICY STATES THAT VICE PRESIDENTS CAN EARN UP TO THE 85TH PERCENTILE OF THE RANGE FOR THEIR POSITION. THE RANGE USES THE MEDIAN AS THE MID-POINT NOT THE AVERAGE. GENERALLY, THE MEDIAN IS BELOW THE AVERAGE. THE OVERALL COMPENSATION POLICY AND THE VP COMPENSATION POLICY ARE APPROVED BY THE GREENCROFT COMMUNITIES (GC) BOARD OF DIRECTORS. THE GREENCROFT GOSHEN (GG) BOARD REVIEWS THE COMPENSATION POLICIES. ANNUALLY THE GC BOARD AND THE GG BOARD REVIEW THE COMPENSATION OF THEIR RESPECTIVE EXECUTIVE TEAMS. THEY COMPARE CURRENT WAGES WITH NATIONAL DATA PROVIDED BY LEADINGAGE (FORMERLY AMERICAN ASSOCIATION OF HOMES AND SERVICES FOR THE AGING - AAHSA). THE BOARDS REVIEW THE CURRENT WAGE, THE PERCENTILE RANKING OF THE EMPLOYEE IN HIS/HER RESPECTIVE RANGE AND THE MEDIAN OF THE MARKETPLACE COMPARED TO THE MID-POINT OF THE EMPLOYEE'S RANGE. THE BOARDS DOCUMENT THESE MEETINGS AND ACTIONS TAKEN IN THEIR BOARD MINUTES. THE GG BOARD HAS REVIEWED THE BASE WAGE AND THE VARIABLE PAY FOR THE PRESIDENT OF GREENCROFT GOSHEN. IN THE FISCAL YEAR 2018 THIS POSITION WAS AT THE 62ND PERCENTILE OF THE RANGE FOR THIS POSITION IN BASE COMPENSATION AND AT THE ZERO PERCENTILE OF THE MARKET FOR THE VARIABLE PAY COMPENSATION. THIS PROCESS WAS LAST PERFORMED IN FISCAL YEAR 2018. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 670,014. TRANSFER TO/FROM AFFILIATE 933,113. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GREENCROFT COMMUNITIES FOUNDATION INC PO BOX 819 GOSHEN IN 46527 237126990 FUNDRAISING IN 501(C)(3) LINE 7 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANOR III INC PO BOX 819 GOSHEN IN 46527 351431475 HOUSING IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANOR II INC PO BOX 819 GOSHEN IN 46527 351377430 HOUSING IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MIDDLEBURY INC PO BOX 819 GOSHEN IN 46527 300036865 HOUSING IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT RETIREMENT COMMUNITIES INC PO BOX 819 GOSHEN IN 46527 300036587 MANAGEMENT IN 501(C)(3) LINE 12C, III-FI N/A 0 HAVEN HUBBARD HOMES INC DBA HAMILTON GROVE 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 350870110 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 OAK GROVE CHRISTIAN RETIREMENT VILLAGE INC 221 WEST DIVISION ROAD DEMOTTE IN 46310 351986767 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 SOUTHFIELD VILLAGE INC 6450 MIAMI CIRCLE SOUTH BEND IN 46614 351866553 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 WALNUT HILLS RETIREMENT COMMUNITIES INC PO BOX 129 WALNUT CREEK OH 44687 351317338 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT HOME HEALTH SERVICES INC PO BOX 819 GOSHEN IN 46527 351606010 HOME HEALTH IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT CENTRAL MANOR INC PO BOX 819 GOSHEN IN 46527 356047318 HOUSING IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 CHICAGO TRAIL VILLAGE INC 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 310990629 HOUSING IN 501(C)(3) LINE 10 HAVEN HUBBARD HOMES INC DBA HAMILTON GROVE 1 MENNONITE HEALTH SERVICES 234 S MAIN STREET SUITE A GOSHEN IN 46526 231421919 HEALTHCARE IN 501(C)(3) LINE 10 N/A 0 EDGEWATER PLACE INC 11351 LAFAYETTE PLAIN CITY ROAD PLAIN CITY OH 43064 823596152 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANAGEMENT INC PO BOX 819 GOSHEN IN 46527 270259652 MANAGEMENT SERVICES IN N/A C 1 1 0 0 1 0 0 0 0 0 1 1 1 1 1 1 1 0 1 1 HAVEN HUBBARD HOMES INC A 76500 ACTUAL COST GREENCROFT COMMUNITIES FOUNDATION INC B 375427 CASH VALUE GREENCROFT CENTRAL MANOR INC D 1070084 CASH VALUE GREENCROFT MANOR III INC D 200000 CASH VALUE HAVEN HUBBARD HOMES INC D 1100000 CASH VALUE GREENCROFT CENTRAL MANOR INC L 148000 ACTUAL COST GREENCROFT MANOR II INC L 434076 ACTUAL COST GREENCROFT MANOR III INC L 225676 ACTUAL COST GREENCROFT MIDDLEBURY INC L 122535 ACTUAL COST GREENCROFT RETIREMENT COMMUNITIES INC L 56001 ACTUAL COST GREENCROFT RETIREMENT COMMUNITIES INC M 1526740 ACTUAL COST GREENCROFT COMMUNITIES FOUNDATION INC S 1108949 CASH VALUE GREENCROFT COMMUNITIES FOUNDATION INC R 175836 CASH VALUE