2019-10-24T15:00:17-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2018-01-01 830344521 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY WHIT 2154028500 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 WILLIAM MCCORMICK CFO 2154028500 2019-10-23 1 BERNADETTE O'TOOLE CPA P00229258 2156433900 67.137.57.251 2019-10-23 08:44:51 ED P 73165959F041044F9DC26414D498D34F5ABB8EC7 0CF8DAA38DEF6BA010CDA025D5681F15700FEA11 2018 2019-02-21 02:37:17Z JUDITH MCGRUTHER 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 44566411 0 X WWW.THEHILLATWHITEMARSH.ORG X 2001 PA TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE SERVICES TO SENIOR CITIZENS IN OUR COMMUNITIES 18 17 383 100 0 0 462965 498747 31473907 34061874 140182 233091 1279057 327478 33356111 35121190 0 0 0 0 11652668 12116321 0 0 0 25005283 25446311 36657951 37562632 -3301840 -2441442 203350728 240398481 254538452 294559860 -51187724 -54161379 TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE SERVICES TO SENIOR CITIZENS IN OUR SURROUNDING COMMUNITIES TO ALLOW OUR RESIDENTS TO LIVE AS INDEPENDENT A LIFESTYLE AS POSSIBLE WITH DIGNITY AND COMPASSION. 0 0 34206040 0 34061874 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY OWNS AND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE, DINING, WELLNESS AND RELATED SERVICES AND AMENITIES TO SERVE ITS 65 AND OLDER SENIOR RESIDENTS. THE COMMUNITY IS COMPRISED OF 179 APARTMENT RESIDENCES, 86 ATTACHED AND DETACHED SINGLE FAMILY HOMES, 60 SKILLED NURSING ROOMS AND 28 ASSISTED LIVING SUITES IN THE HEALTH CENTER AND DINING AND WELLNESS FACILITIES LOCATED ON 96 ACRES IN WHITEMARSH TOWNSHIP, PENNSYLVANIA. AS OF DECEMBER 31, 2018, 230 OF THE RESIDENCES WERE OCCUPIED. 34206040 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 84 0 383 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X WILLIAM MCCORMICK CFO 2154028720 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 NEIL LUBARSKY CHAIRMAN 2.00 X X 0 0 0 BRUCE WILSON VICE CHAIRMAN 1.00 X X 0 0 0 HENRY CROUTER TREASURER 1.00 X X 0 0 0 HUGH MOULTON SECRETARY 1.00 X X 0 0 0 LUCY AMERMAN DIRECTOR 0.50 X 0 0 0 JOHN BINSWANGER DIRECTOR 0.50 X 0 0 0 PHILIP DEMING DIRECTOR 0.50 X 0 0 0 EDITH DIXON DIRECTOR 0.50 X 0 0 0 BRUCE FICKEN DIRECTOR 0.50 X 0 0 0 RICHARD 'DICK' JONES DIRECTOR 0.50 X 0 0 0 WILLIAM MARAZZO DIRECTOR 0.50 X 0 0 0 WILLIAM MCDOWELL III DIRECTOR 0.50 X 0 0 0 SUSAN PARKS DIRECTOR 0.50 X 0 0 0 FRANK REED DIRECTOR 0.50 X 0 0 0 DEBRA ROBERTS DIRECTOR 0.50 X 0 0 0 PETER RYAN DIRECTOR 0.50 X 0 0 0 NORMAN WILDE JR DIRECTOR 0.50 X 0 0 0 JUDITH MCGRUTHER CHIEF EXECUTIVE OFFICER 50.00 X X 405021 0 15796 WILLIAM MCCORMICK CHIEF FINANCIAL OFFICER 50.00 X 230751 0 15892 PETER FLEMING CHIEF OPERATING OFFICER 50.00 X 265395 0 16469 CHRISTINE DWYER MARKETING DIRECTOR 50.00 X 165694 0 9860 AMY SNYDER HEALTHCARE ADMINISTRATOR 50.00 X 141980 0 16619 MARK TORO DIRECTOR OF FACILITIES 50.00 X 125593 0 14080 SVITLANA BONDARCHUK RN 40.00 X 126451 0 9533 1460885 0 98249 12 0 1 0 FUNCTIONAL PATHWAYS 10133 SHERRILL BOULEVARD SUITE 200 KNOXVILLE TN 37932 THERAPY PROVIDER 1449763 CCS BUILDING GROUP 100 WILLOW VALLEY LAKES DRIVE WILLOW STREET PA 17584 GENERAL CONTRACTOR 1341422 SENIOR HEALTH VENTURES LLC 1 RAYMOND DRIVE BLDG 1 SUITE 5 HAVERTOWN PA 19083 HOME CARE COMPANION 1188129 RJL SERVICES INC PO BOX 286 1 BEVERLY ROAD HILLTOWN PA 18924 GENERAL CONTRACTOR 783625 ALLTASK CONSTRUCTION LLC 2770 MARY ANN WAY ALLENTOWN PA 18109 GENERAL CONTRACTOR 456189 24 498747 498747 RESIDENT CARE FEES 623000 28493401 28493401 AMORT OF DEFERRED ENTRANCE FEES 623000 3812517 3812517 ANCILLARY HEALTH CENTER REVENUE 623000 778673 778673 MEAL REVENUE 722513 544141 544141 UTILITIES 221000 257633 257633 175509 175509 34061874 357564 357564 37888 0 37888 37888 37888 9320748 9445221 -124473 -124473 -124473 PARKING FEES 812930 90700 90700 LATE FEES 900099 72282 72282 GUEST LODGING 900099 39760 39760 86848 86848 289590 35121190 34061874 0 560569 949324 949324 7450570 6743346 707224 89587 89587 2884985 2752499 132486 741855 659550 82305 103131 103131 104100 36000 68100 25256 25256 1357719 1357719 427412 408407 19005 5252769 4604496 648273 386413 126820 259593 3260607 3200003 60604 17542 6155 11387 6188563 6188563 7413508 7376440 37068 647344 573894 73450 REPAIRS AND MAINTENANCE 162097 162097 99850 10051 89799 37562632 34206040 3356592 0 13569941 14883549 205172 2465424 1612209 1879123 1039813 1510103 245488151 71437532 176111983 174050619 10107379 44141329 704231 1468334 203350728 240398481 2385886 3134467 123479124 124411565 119502065 158794619 5565332 3065332 3606045 5153877 254538452 294559860 X -51212319 -54173330 24595 11951 -51187724 -54161379 203350728 240398481 X -2441442 101942 -634155 X 0 1 X 1 0 X 573857 1394958 497167 462965 498747 3427694 30565836 30320927 30581168 32368373 34061874 157898178 377395 465468 436769 342575 289590 1911797 31517088 32181353 31515104 33173913 34850211 163237669 201075 712761 175537 28076 43873 1161322 0 201075 712761 175537 28076 43873 1161322 162076347 131416 188196 207215 263568 370196 1160591 131416 188196 207215 263568 370196 1160591 3609270 3609270 31648504 35978819 31722319 33437481 35220407 168007530 0.96470 0.92350 0.00690 0.00570 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GAIN ON EXTINGUISHMENT OF DEBT - 2015 AMOUNT: $ 3,609,270. 14343480 14343480 204414567 59380692 145033875 12697693 6812882 5884811 6495491 5243958 1251533 7536920 7536920 174050619 BOND INTEREST PAYABLE 3080631 RESIDENT DEPOSITS 2012773 ACCRUED INTEREST ON OTHER DEBT 60473 5153877 X 35197876 101942 101942 35095934 25256 25256 35121190 37537376 0 37537376 25256 25256 37562632 PART X, LINE 2: THE COMMUNITY HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE COMMUNITY 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 THE COMMUNITY'S FINANCIAL STATEMENTS. 1 X X X X X X 0 1 0 0 0 0 0 0 0 JUDITH MCGRUTHER CHIEF EXECUTIVE OFFICER 336139 0 68882 0 0 0 8360 0 7436 0 420817 0 0 0 WILLIAM MCCORMICK CHIEF FINANCIAL OFFICER 194751 0 36000 0 0 0 4494 0 11398 0 246643 0 0 0 PETER FLEMING CHIEF OPERATING OFFICER 224793 0 40602 0 0 0 5072 0 11397 0 281864 0 0 0 CHRISTINE DWYER MARKETING DIRECTOR 165694 0 0 0 0 0 2562 0 7298 0 175554 0 0 0 AMY SNYDER HEALTHCARE ADMINISTRATOR 128944 0 13036 0 0 0 3183 0 13436 0 158599 0 0 0 PART I, LINE 4B JUDITH MCGRUTHER PARTICIPATED IN THE 457F PLAN AND MADE CONTRIBUTIONS OF $18,500 DURING 2018. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 830344521 613609B96 2015-03-12 125313677 REFINANCE DEBT (2005 AND 2008 BONDS) AND CAPITAL IMPROVEMENTS TO CCRC 0 0 0 B MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 830344521 613609G75 2018-12-20 42220475 REFINANCE DEBT AND FINANCE EXPANSION PROJECT 0 0 0 A 6155000 125472606 8160910 6612853 2178380 3607534 104912929 2015 1 1 1 1 B 42220475 2447987 3717130 844409 4662553 2860770 27687626 1 0 0 1 A 0 1 0 0 0.00220 0.00220 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 1 0 0 0 0 1 B 0 1 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART IV, LINE 2C, COLUMN A: THE REBATE COMPUTATION FOR THE 2015 BOND WAS PERFORMED IN OCTOBER 2018. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THEN REVIEWED BY THE BOARD AUDIT COMMITTEE, AND THEN DISTRIBUTED TO THE WHOLE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY EACH BOARD MEMBER AND SUBMITTED TO THE GOVERNANCE COMMITTEE OF THE BOARD FOR THEIR REVIEW. BASED ON THEIR REVIEW, THE GOVERNANCE COMMITTEE DETERMINES WHETHER A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS AND SUBMITS THE MATTER TO THE FULL BOARD FOR THEIR CONSIDERATION. THE FULL BOARD THEN DECIDES WHAT ACTION SHOULD BE TAKEN IN RESPONSE TO THE CONFLICT WHICH MAY INCLUDE THE RESIGNATION FROM THE BOARD OF THE MEMBER WITH A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD BASED ON A REVIEW OF THE CEO'S PERFORMANCE RELATIVE TO THE ORGANIZATION'S GOALS, A REVIEW OF THE COMPENSATION OF CEO'S FROM COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990 AND A REVIEW OF RELEVANT COMPENSATION SURVEY INFORMATION PROVIDED BY A CONSULTANT TO THE EXECUTIVE COMMITTEE AND WITH THE ADVICE OF COUNSEL, AS NEEDED. THE EXECUTIVE COMMITTEE COMPROMISES OF CHAIRMAN, VICE CHAIRMAN, TREASURER, SECRETARY, AUDIT COMMITTEE CHAIR, AND EMERITUS CHAIR. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO BASED ON A REVIEW OF THE EMPLOYEE'S PERFORMANCE RELATIVE TO THE ORGANIZATION'S GOALS, A REVIEW OF COMPENSATION AT COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990, A REVIEW OF RELEVANT SALARY SURVEYS, WITH THE ADVICE OF THE EXECUTIVE COMMITTEE AND AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT. COMPENSATION REVIEWS FOR THE CEO, OTHER OFFICERS AND KEY EMPLOYEE LAST OCCURRED IN 2018. THE DELIBERATION AND FINAL DECISIONS ARE TIMELY DOCUMENTED AS PART OF THE COMMITTEE RECORDS AND EMPLOYEE FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED TO A FINANCIAL DISCLOSURE WEB SITE, INCLUDED WITH THE PUBLICLY AVAILABLE DISCLOSURE STATEMENT OF THE COMMUNITY AND DISTRIBUTED UPON REQUEST TO ALL RESIDENTS OF THE COMMUNITY. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING FOR DEFERRED MARKETING COSTS -634,155.