2019-08-23T08:21:41-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2018-01-01 231379512 DUNWOODY VILLAGE DUNW 6103594400 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 SHERRY SMYTH PRESIDENT/CEO 6103594400 2019-08-21 1 SETH BRODY CPA P01586423 2156433900 67.137.57.251 2019-08-21 17:09:07 ED P 2F542D77562765624DD25E3C4252385A52575023 B9410AED5E3544F88E7F1364350661432485FF60 2018 2019-02-21 02:37:17Z SHERRY SMYTH 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 36354389 0 X WWW.DUNWOODY.ORG X 1974 PA CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN NEWTOWN SQUARE, PENNSYLVANIA 19 18 592 177 0 0 36395 9920 35113565 35671198 932473 580709 103980 92562 36186413 36354389 448975 454648 0 0 20200872 20092928 0 0 0 13841989 14086405 34491836 34633981 1694577 1720408 105614274 106525233 88200843 88957062 17413431 17568171 THE MISSION OF DUNWOODY VILLAGE IS TO PROVIDE A WELCOMING AND COMPASSIONATE COMMUNITY WITH DISTINCTIVE RESIDENTIAL AND HEALTHCARE SERVICES THAT PROMOTE WELLNESS, DIGNITY, AND RESPECT FOR OUR RESIDENTS AND HOME-BASED CLIENTS. 0 0 28004198 192904 35302588 SENIOR LIVING - DUNWOODY VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES CARE FOR RESIDENTIAL LIVING, PERSONAL CARE AND SKILLED NURSING AND MEDICAL CARE TO ITS ELDERLY RESIDENTS/PATIENTS. 576327 261744 368610 FINANCIAL SUPPORT - A NUMBER OF RESIDENTS ARE SUBSIDIZED THROUGH A TRUST FUND AND DONATIONS. THIS FUND PROVIDES RESIDENTIAL SERVICES AND AMENITIES AS WELL AS HEALTHCARE SERVICES TO AGE-QUALIFIED INDIVIDUALS. 28580525 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 26 0 592 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X LEONARD DACHINO CONTROLLER 6103594454 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 EDWARD CHIOSSO CHAIRMAN OF THE BOARD 3.00 0.00 X X 0 0 0 PETER E BORT 1ST VICE PRESIDENT 2.00 0.00 X X 0 0 0 ERIN L HAAS 2ND VICE PRESIDENT 2.00 0.00 X X 0 0 0 ANNE MORSE SECRETARY 2.00 0.00 X X 0 0 0 SHERRY L SMYTH PRESIDENT AND CEO 37.50 0.00 X X 321098 0 36909 KENNETH T ENGLE TRUSTEE 2.00 0.00 X 0 0 0 CHARLES E RAMMEL TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER R GETMAN TRUSTEE 2.00 0.00 X 0 0 0 STEPHANIE STRID-DAVIS TRUSTEE 2.00 0.00 X 0 0 0 THEODORE BREDIKIN TRUSTEE 2.00 0.00 X 0 0 0 RICHARD GREENE TRUSTEE 2.00 0.00 X 0 0 0 JASON DARRACH TRUSTEE 2.00 0.00 X 0 0 0 STEPHEN YOUNG TRUSTEE 2.00 0.00 X 0 0 0 DR DAVID JONES TRUSTEE 2.00 0.00 X 0 0 0 CONNIE CARINO TRUSTEE 2.00 0.00 X 0 0 0 BERT DALBY TRUSTEE 2.00 0.00 X 0 0 0 REID SMITH TRUSTEE 2.00 0.00 X 0 0 0 ROBERT EDMINSTON TRUSTEE 2.00 0.00 X 0 0 0 CHARLES LADNER TRUSTEE 2.00 0.00 X 0 0 0 JOHN W LEAR SECRETARY:LEFT APR 2018 2.00 0.00 X X 0 0 0 PATRICK J BURKE CHAIRMAN OF THE BOARD:LEFT APR 2018 3.00 0.00 X X 0 0 0 KATHRYN A BARTON DIRECTOR OF OPERATIONS 24.30 13.20 X 128888 52385 10522 LEONARD DACHINO CONTROLLER 36.00 1.50 X 113813 0 20572 ELAINE KAISER DIRECTOR OF MARKETING 37.50 0.00 X 136467 0 17351 BRANDON JOLLY DIRECTOR OF HEALTH SERVICES 37.50 0.00 X 142535 0 27134 WESLEY KUEHNLE DIRECTOR OF FACILITIES 37.50 0.00 X 138213 0 9011 JOHN ALBERICI JR DIRECTOR OF DINING SERVICES 37.50 0.00 X 116086 0 15906 CURT SAYERS DIRECTOR OF HUMAN RESOURCES 37.50 0.00 X 105980 0 14399 1203080 52385 151804 8 0 1 0 RUMFORD AND RUMFORD INC 400 WEST STATE STREET MEDIA PA 19063 BUILDING CONTRACTOR 6486802 GENESIS REHABILITATION SERVICES PO BOX 821322 PHILADELPHIA PA 19182 THERAPY CONTRACTOR 1461099 JL ROOFING & SIDING 1966 PIONEER RD STE A HUNTINGTON VALLEY PA 19006 ROOFING CONTRACTOR 596612 INDUSTRIAL MECHANICAL CONTRACTORS INC 240 TANNER AVENUE HATBORO PA 19040 ELEVATOR MECHANICAL SERVICES 313384 AMY LAW INTERIORS 735 HAMILTON ROAD BRYN MAWR PA 19010 INTERIOR DESIGN 266807 21 9920 9920 RESIDENT CARE FEES 623000 20539725 20539725 MEDICAL CARE FEES 623000 9278301 9278301 AMORT. OF DEFERRED ENTRY FEES 623000 5463209 5463209 RESIDENT SERVICE FEE 623000 296436 296436 93527 93527 35671198 540619 540619 92562 0 92562 92562 92562 40090 0 40090 40090 40090 36354389 35671198 0 673271 454648 454648 631802 631802 15935865 15132284 803581 520293 492336 27957 2107851 1381111 726740 897117 897117 29239 29239 69441 69441 23688 23688 1468260 1168987 299273 384278 355392 28886 463543 343576 119967 193189 103733 89456 4506496 3253447 1253049 1222671 1222671 4755603 4266777 488826 261068 22188 238880 MEDICAL SUPPLIES 302842 302842 REPAIRS AND MAINTENANAC 236469 236469 BAD DEBT 79960 79960 89658 89658 34633981 28580525 6053456 0 1404249 1877111 10063873 6816335 2126244 2601019 20780 14181 486071 579450 121354756 53161274 69082045 68193482 21594262 19976546 453187 416291 383563 6050818 105614274 106525233 4100539 4451825 50424764 51222088 32121283 31415628 444650 1087925 1109607 779596 88200843 88957062 X 13241813 13434205 3071618 3031295 1100000 1102671 17413431 17568171 105614274 106525233 X 1720408 -1895679 330011 X 0 1 X 1 0 X 537197 2581 185978 36395 9920 772071 28185359 30972666 32495173 35113565 35671198 162437961 28722556 30975247 32681151 35149960 35681118 163210032 573476 573476 0 573476 573476 162636556 501188 558820 517325 600102 633181 2810616 501188 558820 517325 600102 633181 2810616 29223744 31534067 33198476 35750062 36314299 166020648 0.97960 0.97900 0.01690 0.01740 X 6 -328804 170104 3466694 0 1 0 1 X 20975460 2486 -1261620 267497 7875 54100 19386854 17775576 29911 3440064 239966 6975 23150 20975460 17158156 25000 894457 236873 65164 17775576 15457193 2128915 370061 57891 17158156 14823123 573476 372321 251292 60435 15457193 0.74040 0.05690 0.20270 0 0 115204800 49236313 65968487 5653012 3610727 2042285 496944 314234 182710 68193482 CONSTRUCTION IN PROGRESS 6050818 6050818 INTEREST RATE SWAP AGREEMENT 779596 779596 X PART IV, LINE 2B: REFUNDABLE DEPOSITS FROM PROSPECTIVE RESIDENTS REPRESENT WAITING LIST DEPOSITS AND PARTIAL PAYMENTS MADE ON ENTRY FEES. SUCH DEPOSITS BY PROSPECTIVE RESIDENTS OR RESIDENT COUPLES ARE FULLY REFUNDABLE AND ARE CREDITED TOWARD THE ENTRY FEE UPON MOVE IN. PART V, LINE 4: ENDOWMENT FUNDS INCLUDE BOARD DESIGNATED OR QUASI-ENDOWMENT FUNDS, MEDICAL RESERVE FUND, RESIDENT'S ENDOWMENT FUND, RESIDENT'S RESERVE FUND, MEMORIAL GARDEN FUND AND TRUST FUND. THE MEDICAL RESERVE AND RESIDENT'S ENDOWMENT FUNDS PROVIDE FUNDS TO HELP SUPPORT THE CARE OF CERTAIN RESIDENTS WHO ARE UNABLE TO PAY THEIR MONTHLY FEE. THE MEMORIAL GARDEN FUND IS A SPECIFIC-PURPOSE FUND USED FOR THE MAINTENANCE OF A GARDEN DEDICATED TO THE MEMORY OF PAST RESIDENTS. THE TRUST FUND IS A PERMANENTLY RESTRICTED FUND, INCOME AND GAINS EARNED BY THE TRUST ARE UNRESTRICTED AND AVAILABLE FOR USE AS DESIGNATED BY THE BOARD OF TRUSTEES. PART X, LINE 2: DUNWOODY VILLAGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. DUNWOODY FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON DUNWOODY'S CONSOLIDATED FINANCIAL STATEMENTS. 1 PER DIEM SUBSIDY FOR PERSONAL CARE RESIDENTS 5 261744 RESIDENT RESERVE 6 192904 PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANTS - DUNWOODY VILLAGE PROVIDES FINANCIAL ASSISTANCE TO CERTAIN ELIGIBLE RESIDENTS TO PAY FOR MONTHLY AND MEDICAL CARE FEES. THE INITIAL APPLICATION IS REVIEWED BY TOP MANAGEMENT AND IF DEEMED ELIGIBLE FOR FINANCIAL ASSISTANCE THE APPLICATION IS FORWARDED TO THE APPROPRIATE COMMITTEE FOR FINAL APPROVAL. ONCE APPROVED THE PAPERWORK IS FORWARDED TO THE ACCOUNTING OFFICE FOR PROCESSING OF THE GRANT. THE OFFICE OF THE CONTROLLER MONITORS THE GRANT ON AN ON GOING BASIS. X X X X 0 0 0 0 0 0 0 0 0 SHERRY L SMYTH PRESIDENT AND CEO 265956 0 55142 0 0 0 15125 0 21784 0 358007 0 0 0 KATHRYN A BARTON DIRECTOR OF OPERATIONS 99046 52385 29842 0 0 0 10133 0 389 0 139410 52385 0 0 ELAINE KAISER DIRECTOR OF MARKETING 119073 0 17394 0 0 0 6960 0 10391 0 153818 0 0 0 BRANDON JOLLY DIRECTOR OF HEALTH SERVICES 122644 0 19891 0 0 0 4855 0 22279 0 169669 0 0 0 A DELAWARE COUNTY AUTHORITY REVENUE BONDS SERIES OF 2013 231973437 NONEAVAIL 2013-12-20 35000000 REFUND 2003 & 2006 SERIES BONDS, FUND CAMPUS AND CARRIAGE HOME PROJECTS 0 0 0 A 3424269 34503379 239226 560317 15231159 18472677 2014 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3: ON DECEMBER 20, 2013, DUNWOODY ENTERED INTO A BOND PURCHASE AND LOAN AGREEMENT WITH THE DELAWARE COUNTY AUTHORITY (THE AUTHORITY) PURSUANT TO WHICH THE AUTHORITY AUTHORIZED $35,000,000 OF THE SERIES 2013 REVENUE BONDS. FROM THE PROCEEDS OF THIS ISSUANCE, THE AUTHORITY ADVANCED A TOTAL OF $22,165,157 AT CLOSING TO BE USED AS FOLLOWS: 1) $19,272,220 WILL BE APPLIED TO REFUND THE OUTSTANDING BALANCE OF THE DELAWARE COUNTY AUTHORITY REVENUE BONDS, SERIES 2006 AND SERIES 2003, 2) $2,075,656 WILL BE USED TO FUND THE CAMPUS PROJECT AND 3) $817,281 WILL BE USED TO FUND THE CARRIAGE HOME PROJECT. THE REMAINING AMOUNTS FROM THE PROCEEDS OF ISSUANCE WILL BE LOANED AND ADVANCED TO DUNWOODY AS A DRAW-DOWN LOAN, TO BE USED AS FOR THE CAMPUS PROJECT AND THE CARRIAGE HOME PROJECT. THE ISSUE PRICE OF $35,000,000 DIFFERS FROM PART II, LINE 3 ($34,503,379) BY $496,621 WHICH REPRESENTS THE ORIGINAL AMOUNTS THAT HAD NOT YET BEEN DRAWN ON AS OF DECEMBER 31, 2018. SCHEDULE K, PART II, LINE 5: THE ORGANIZATION CAPITALIZED INTEREST ON THE NEW MONEY PORTION EQUIVALENT TO $239,226. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE OFFICERS OF THE CORPORATION AND OTHER TRUSTEES THAT MAY BE NAMED TO THE COMMITTEE BY THE CHAIR. THE EXECUTIVE COMMITTEE: (A) SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION AND SHALL: (I) ACT AS AN ETHICS COMMITTEE WHEN NEEDED TO DEVELOP POLICIES AND GUIDELINES FOR HANDLING OF ETHICAL ISSUES AND REVIEW AND GIVE CONSULTATION INVOLVING ETHICAL DIFFICULTIES. (II) CONDUCT PERFORMANCE REVIEW OF PRESIDENT CHIEF EXECUTIVE OFFICER. (III) MONITOR EFFECTIVENESS AND APPROVE INCENTIVE COMPENSATION OF EMPLOYEES UNDER INCENTIVE COMPENSATION PROGRAMS. (IV) REVIEW AND RECOMMEND TO THE BOARD CHANGES TO THE HUMAN RESOURCES POLICY AND BENEFIT PLANS OF THE CORPORATION. (V) SUCH OTHER DUTIES AND FUNCTIONS AS MAY BE ASSIGNED BY THE BOARD. (B) THE EXECUTIVE COMMITTEE, HOWEVER, SHALL NOT HAVE ANY POWER OR THE AUTHORITY AS TO THE FOLLOWING: (I) THE FILLING OF VACANCIES IN THE BOARD OF TRUSTEES. (II) THE ADOPTION, AMENDMENT OR REPEAL OF (THE) BYLAWS OF THE CORPORATION. (III) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD. (IV) ACTION ON MATTERS ASSIGNED BY (THE) BYLAWS OR RESOLUTION OF THE BOARD OF TRUSTEES TO ANOTHER COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE FINANCE COMMITTEE. IN ADDITION, ALL VOTING BOARD MEMBERS WILL RECEIVE A COPY OF THE FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C DUNWOODY VILLAGE REQUIRES THAT EACH TRUSTEE, OFFICER, EMPLOYEE AND MEMBER OF THE CLINICAL STAFF CONDUCT THEIR AFFAIRS IN AN ETHICAL MANNER AND IN A WAY THAT AVOIDS CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICT OF INTEREST THAT THE MEMBERS OF DUNWOODY VILLAGE AND ITS RELATED PARTIES MAY HAVE IS DISCLOSED IN WRITING TO THE CORPORATE COMPLIANCE OFFICER. IF A CONFLICT OF INTEREST SHOULD ARISE FROM A VOTING BOARD MEMBER, THAT BOARD MEMBER WOULD BE PROHIBITED FROM VOTING ON THOSE SPECIFIC CONFLICTING MATTERS. USE OF POSITION TO SECURE ANY SPECIAL DISCOUNT OR OTHER FAVORABLE TREATMENT FROM ANY PERSON OR ORGANIZATION WITH WHICH DUNWOODY VILLAGE DOES OR IS SEEKING TO DO BUSINESS WITH IS PROHIBITED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION PHILOSOPHY APPLIES TO THE PRESIDENT/CEO, OTHER OFFICERS AND ANY KEY EMPLOYEES. THE EXECUTIVE COMPENSATION PHILOSOPHY IS TO MAINTAIN A PACKAGE OF SALARY AND BENEFITS THAT WILL ENSURE THAT DUNWOODY VILLAGE WILL CONSISTENTLY ATTRACT AND RETAIN COMPETENT EXECUTIVE MANAGEMENT. AT LEAST EVERY OTHER YEAR SALARY AND BENEFITS PAID BY SIMILAR ORGANIZATIONS WILL BE REVIEWED THROUGH WAGE AND BENEFITS SURVEYS BY THE HUMAN RESOURCES DIRECTOR. THE HUMAN RESOURCES DIRECTOR WILL ADVISE THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HOW THE EXECUTIVE COMPENSATION COMPARES WITH THAT BEING PAID BY SIMILAR ORGANIZATIONS FOR SIMILAR POSITIONS. EMPLOYEE COMPENSATION IS ALSO REVIEWED AND COMPARED WITH NATIONAL AND STATE ASSOCIATIONS WAGE SURVEYS OF SIMILAR CCRC ENTITIES. FOR OTHER OFFICER AND KEY EMPLOYEE POSITIONS THE PRESIDENT/CEO ALSO WORKS WITH THE EXECUTIVE COMMITTEE AND COMPARABILITY DATA PULLED BY THE HUMAN RESOURCES DIRECTOR TO DETERMINE APPROPRIATE COMPENSATION. REVIEW OF THE PRESIDENT/CEO COMPENSATION IS COMPLETED ANNUALLY BY THE BOARD OF TRUSTEES AND COMPARABILITY DATA WAS LAST PULLED IN APRIL 2017. REVIEW OF ALL OTHER OFFICER AND KEY EMPLOYEES LAST OCCURRED IN MARCH 2018. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE INCLUDED IN THE DUNWOODY ANNUAL REPORT BOOKLET. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 330,011. DUNWOODY LONG TERM CARE SERVICES 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 ELDERLY CARE PA 16084 764761 DUNWOODY VILLAGE INC THE DUNWOODY TRUST 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 CHARITY CARE FUNDING PA -428107 3397957 DUNWOODY VILLAGE INC DUNWOODY ALLIED SERVICES INC 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 232854206 ELDERLY CARE PA 501(C)(3) LINE 12A, I DUNWOODY VILLAGE 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 1 1 DUNWOODY ALLIED SERVICES INC J 88140 ACTUAL COST