2019-04-08T16:08:15-05:00 2018-06-30 381357951 PLANTE & MORAN PLLC 27400 NORTHWESTERN HIGHWAY SOUTHFIELD MI 48034 990 2017-07-01 300036587 GREENCROFT RETIREMENT COMMUNITIES 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 11:05:53 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5AC40D8363438C8C04A06966F83229C572E70071 2017 2019-02-21 02:37:17Z MARK KING 1721 GREENCROFT BLVD GOSHEN IN 46526 6823243 0 X WWW.GREENCROFT.ORG X 2002 IN GREENCROFT RETIREMENT COMMUNITIES' MISSION IS TO PROVIDE MANAGEMENT & SUPPORT SERVICES TO RELATED NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE AFFORDABLE HOUSING, QUALITY CARE, AND CHARITY CARE FOR OLDER ADULTS. 9 9 44 37 0 0 500 4000 4897666 4807346 89736 120109 5889 4125 4993791 4935580 49429 29445 0 0 4274753 4352384 0 0 0 896991 1111138 5221173 5492967 -227382 -557387 10355169 9683597 1915532 1822049 8439637 7861548 GREENCROFT COMMUNITIES CREATES DYNAMIC LIVING COMMUNITIES THAT EMBRACE THE CREATIVITY, CONTRIBUTIONS AND CHALLENGES OF AGING FOR ALL, GROUNDED IN SERVICE EXCELLENCE, COMPASSIONATE CARE AND MENNONITE VALUES. 0 0 3724868 29445 4807346 GREENCROFT RETIREMENT COMMUNITIES, INC (GRC) IS THE SPONSOR OF THIRTEEN NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITIES (CCRC) AND HUD FACILITIES. GRC PROVIDES THEM WITH SUPPORT AND SERVICES, AND GIVES 2,300 ELDERLY RESIDENTS OF ALL ECONOMIC LEVELS AN ENVIRONMENT THAT EMBRACES THEIR CREATIVITY AND CONTRIBUTIONS, AS WELL AS THE CHALLENGES OF AGING. AT LEAST 35 PERCENT OF RESIDENTS HAVE INCOME BELOW THE FEDERAL POVERTY LINE. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS ARE ELIGIBLE FOR SUPPORT FROM THE GREENCROFT COMMUNITIES FOUNDATION (ANOTHER RELATED ORGANIZATION) IF THEIR ASSETS RUN OUT. 3724868 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 80 0 1 44 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X SCOTT MARTIN 5745374000 1721 GREENCROFT BLVD GOSHEN IN 46527 BYRON SHETLER CHAIR 1.00 1.00 X X 0 0 0 AMY FLORIA VICE CHAIR 1.00 1.00 X X 0 0 0 DENNIS BLYLY BOARD MEMBER 1.00 1.00 X 0 0 0 ROD DILLER BOARD MEMBER 1.00 1.00 X 0 0 0 DANIELLE THOMPSON BOARD MEMBER 1.00 1.00 X 0 0 0 LIZ GUNDEN BOARD MEMBER 1.00 1.00 X 0 0 0 SAM HOOVER BOARD MEMBER 1.00 1.00 X 0 0 0 DAVE WEAVER BOARD MEMBER 1.00 1.00 X 0 0 0 JIM RIDENOUR BOARD MEMBER 1.00 1.00 X 0 0 0 MARK KING PRESIDENT/CEO 50.00 0.00 X 365510 0 187793 ROBERT GIBSON VICE PRESIDENT/CFO 44.00 3.50 X 217442 0 118380 DALE SHENK TREASURER 32.00 12.50 X 136072 0 36872 RACHEL APPLEGATE SECRETARY (PART YEAR) 38.00 1.80 X 47970 0 3310 KATHY BREWTON SECRETARY 36.00 8.50 X 139063 0 32202 DAVID THOMPSON ADMINISTRATOR - HAVEN HUBBARD HOMES 0.00 45.00 X 130076 0 28947 JOSEPH DORAN ADMINISTRATOR - SOUTHFIELD VILLAGE 0.00 40.00 X 128625 0 8181 ROSEMARY WEEKS ADMINISTRATOR - OAK GROVE 0.00 40.00 X 133518 0 20179 STEVEN SCHAFF ADMINISTRATOR - GOLDEN YEARS 50.00 0.00 X 137992 0 34469 SANDRA YODER ADMINISTRATOR - WALNUT HILLS 0.00 40.00 X 208701 0 15503 1644969 0 485836 9 0 1 0 HTS IN II INC 1411 W COUNTY LINE RD SUITE A GREENWOOD IN 46142 THERAPY SERVICES 971271 PLANTE & MORAN INC 27400 NORTHWESTERN HWY SOUTHFIELD MI 48034 AUDIT & TAX SERVICES 312610 ADP INC PO BOX 842875 BOSTON MA 022842875 PAYROLL SERVICES 260865 DYKSEN & SONS BUILDERS INC 802 S MADISON ST NAPPANEE IN 46550 CONSTRUCTION SERVICES 171098 NURSES ETC STAFFING 523 S BUFFALO ST WARSAW IN 46580 NURSE STAFFING AGENCY 160159 8 4000 4000 MGMT/AFFILIATE SUPPORT 561000 4807346 4807346 4807346 81248 81248 1914524 12000 1884291 3372 30233 8628 38861 38861 MISCELLANEOUS REVENUE 900099 4125 4125 4125 4935580 4807346 0 124234 29445 29445 1275471 900203 375268 2359415 1510372 849043 292355 187150 105205 279194 178726 100468 145949 93429 52520 100966 100966 51295 51295 176475 176475 65862 65862 102010 102010 60950 60950 74194 74194 26590 26590 31324 31324 104349 104349 34729 34729 BAD DEBT EXPENSE 100000 100000 PROF. DEVELOPMENT 80701 80701 FACILITY MAINTENANCE 48000 48000 DUES & SUBSCRIPTIONS 21204 21204 32489 32489 5492967 3724868 1768099 0 200 200 6065382 3317079 367836 393256 446 441 87431 500070 1775874 969705 560945 806169 3272929 4666382 10355169 9683597 533153 529825 1382379 1292224 1915532 1822049 X 8439637 7861548 8439637 7861548 10355169 9683597 -557387 -20702 0 X X 0 1 X 1 0 X X 13 GREENCROFT GOSHEN INC 351270709 10 1 0 0 GREENCROFT CENTRAL MANOR INC 356047318 10 1 0 0 GREENCROFT MANOR II INC 351377430 10 1 0 0 GREENCROFT MANOR III INC 351431475 10 1 0 0 GREENCROFT HOME HEALTH SERVICES INC 351606010 10 1 0 0 GREENCROFT COMMUNITIES FOUNDATION INC 237126990 7 1 0 0 GREENCROFT MIDDLEBURY INC 300036865 10 1 0 0 SOUTHFIELD VILLAGE INC 351866553 10 1 0 0 HAVEN HUBBARD HOMES INC 350870110 10 1 0 0 CHICAGO TRAIL VILLAGE INC 310990629 10 1 0 0 OAK GROVE CHRISTIAN RETIREMENT VILLAGE INC 351986767 10 1 0 0 WALNUT HILLS RETIREMENT COMMUNITIES INC 351317338 10 1 0 0 EDGEWATER PLACE INC 823596152 10 1 0 0 13 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SCHEDULE A, PART I, LINE 11G, COL. V: THE ORGANIZATION PROVIDES CORPORATE AND MANAGEMENT SERVICES TO ALL SUPPORTED ORGANIZATIONS. SCHEDULE A, PART IV, SECTION A, LINE 1: ALL SUPPORTED ORGANIZATIONS ARE LISTED BY NAME IN THE ORGANIZATION'S GOVERNING DOCUMENTS EXCEPT FOR EDGEWATER PLACE, INC. (NON-LISTED ENTITY), WITH THE GOAL OF COMPLETING THIS FISCAL YEAR. THE ORGANIZATION IS THE SOLE MEMBER OF THE NON-LISTED ENTITY. THE NON-LISTED ENTITY SHARES A SIMILAR PURPOSE AND IS PART OF A COMMON CLASS OF ORGANIZATIONS IDENTICAL TO THE OTHER SUPPORTED ORGANIZATIONS. SCHEDULE A, PART IV, SECTION A, LINE 5A: EDGEWATER PLACE (EIN: 82-3596152) WAS ADDED TO THE AFFILIATED GROUP, OF WHICH GREENCROFT RETIREMENT COMMUNITES IS THE SOLE MEMBER. THE REASON EDGEWATER PLACE WAS ADDED TO THE AFFILATED GROUP IS TO FURTHER THE MISSION OF GREENCROFT RETIREMENT COMMUNITIES BY PROVIDING MANAGEMENT & SUPPORT SERVICES TO RELATED NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE AFFORDABLE HOUSING, QUALITY CARE, AND CHARITY CARE FOR OLDER ADULTS. THE AUTHORITY TO ADD EDGEWATER TO THE AFFILATED GROUP IS DOCUMENTED WITHIN THE EDGEWATER PLACE BY-LAWS. SCHEDULE A, PART IV, SECTION D, LINE 3: THE SUPPORTED ORGANIZATIONS HAVE REPRESENTATION, OR THE OPPORTUNITY THERETO, ON THE AUDIT/INVESTMENT COMMITTEE THAT REVIEWS INVESTMENT POLICIES AND AUDIT PLANNING/RESULTS FOR ALL AFFILIATED ENTITIES. SEVERAL TIMES A YEAR, THE PRESIDENTS OF EACH OF THE SUPPORTED ORGANIZATIONS MEET JOINTLY WITH THE PRESIDENT AND VICE-PRESIDENT, AND OTHER SENIOR MANAGEMENT, OF GREENCROFT RETIREMENT COMMUNITIES (GRC) TO REVIEW OPERATIONS. ALSO, EITHER THE PRESIDENT OR VICE-PRESIDENT OF GRC ARE PRESENT AT ALL OF THE BOARD MEETINGS OF THE SUPPORTED ORGANIZATIONS. SCHEDULE A, PART IV, SECTION E, LINE 3A: EACH OF THESE ENTITIES HAVE 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 DISCONTINUATION 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 OF 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. SCHEDULE A, PART IV, SECTION E, LINE 3B: SEE NARRATIVE FOR SCHEDULE A, PART IV, SECTION E, LINE 3A. 383032 383032 9662 8766 896 1383180 960939 422241 806169 DUE FROM AFFILIATE - GREENCROFT CENTRAL MANOR 35446 DUE FROM AFFILIATE - GREENCROFT MANOR III 5792 DUE FROM AFFILIATE - GREENCROFT MIDDLEBURY 2139582 DUE FROM AFFILIATE - GREENCROFT GOSHEN 312231 DUE FROM AFFILIATE - HAMILTON GROVE 130051 DUE FROM AFFILIATE - CHICAGO TRAIL VILLAGE 3058 DUE FROM AFFILIATE - WALNUT HILLS RETIREMENT COMMUNITIES 500000 DUE FROM AFFILIATE - OAK GROVE CHRISTIAN RETIREMENT VILLAGE 103863 ACCRUED INTEREST RECEIVABLE 3661 DUE FROM AFFILIATE - SOUTHFIELD VILLAGE 117116 DUE FROM AFFILIATE - EDGEWATER PLACE 1315582 4666382 DEFERRED COMPENSATION LIABILITY 1181825 DUE TO AFFILIATE 92401 DUE TO AFFILIATE 17998 1292224 1 GOSHEN COLLEGE 1700 S MAIN STREET GOSHEN IN 46526 352158366 501(C)(3) 10500 N/A N/A ENGLISH LANGUAGE CLASS GRANT 1 0 PART I, LINE 2: GRANTS MADE ARE UNRESTRICTED AND CAN BE USED IN ANY WAY THE RECIPIENT SEES FIT TO FURTHER ITS TAX-EXEMPT PURPOSE. X X 0 1 0 0 0 0 0 0 0 MARK KING PRESIDENT/CEO 323815 0 39138 0 2557 0 158143 0 29650 0 553303 0 0 0 ROBERT GIBSON VICE PRESIDENT/CFO 206707 0 8900 0 1835 0 95593 0 22787 0 335822 0 0 0 DALE SHENK TREASURER 130958 0 5000 0 114 0 6724 0 30148 0 172944 0 0 0 KATHY BREWTON SECRETARY 133949 0 5000 0 114 0 6904 0 25298 0 171265 0 8117 0 DAVID THOMPSON ADMINISTRATOR - HAVEN HUBBARD HOMES 122253 0 7749 0 74 0 6365 0 22582 0 159023 0 0 0 ROSEMARY WEEKS ADMINISTRATOR - OAK GROVE 115974 0 17430 0 114 0 7685 0 12494 0 153697 0 0 0 STEVEN SCHAFF ADMINISTRATOR - GOLDEN YEARS 120378 0 17500 0 114 0 8017 0 26452 0 172461 0 0 0 SANDRA YODER ADMINISTRATOR - WALNUT HILLS 76215 0 0 0 132486 0 12603 0 2900 0 224204 0 132486 0 PART I, LINE 4B KATHY BREWTON - $0 ROBERT GIBSON - $0 MARK KING - $0 SCHEDULE J, PART I, LINE 3: A COMPLETE DESCRIPTION OF THE ORGANIZATION'S COMPENSATION PHILOSOPHY AND METHODOLOGY FOR ESTABLISHING COMPENSATION IS PROVIDED ON SCHEDULE O UNDER THE HEADING "FORM 990, PART VI. SECTION B, LINE 15." SCHEDULE J, PART I, LINE 4B: 2000 SERP: EFFECTIVE JANUARY 1, 2000, THE BOARD OF DIRECTORS OF GREENCROFT GOSHEN ESTABLISHED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN UNDER SECTION 457(F) TO PROVIDE ITS EXECUTIVE GROUP OF EMPLOYEES WITH CERTAIN RETIREMENT BENEFITS. THE EXECUTIVE MUST BE EMPLOYED UNTIL AGE 62 TO RECEIVE THE BENEFIT. THE PLAN WAS FROZEN IN 2005. NO PAYMENTS WERE MADE TO LISTED PERSONS IN CALENDAR YEAR 2017. PARTICIPANTS OF THIS PLAN ARE KATHY BREWTON AND ROBERT GIBSON. 2011 AND 2014 RETENTION SERP: THE RETENTION SERPS ARE DESIGNED TO RETAIN STAFF UP TO A CERTAIN AGE. THE PAYMENT INTO THE FUND IS BASED ON ANNUALLY REACHING THE BOARD'S FINANCIAL AND QUALITY TARGETS. IF THESE TARGETS ARE MET, THE BOARD PLACES A PAYMENT INTO THE FUND ON BEHALF OF THE EMPLOYEES. THE GOAL IS TO RETAIN THE EMPLOYEE BY PAYING A MARKET COMPETITIVE WAGE IF THE EMPLOYEE STAYS WITH THE ORGANIZATION UNTIL AGE 62 AND 63. THE BOARD WILL NOT PAY ABOVE THE 75TH PERCENTILE OF THE MARKET RANGE FOR THE POSITION IN A GIVEN YEAR, INCLUDING THE SERP AMOUNT ALLOWED FOR THE EMPLOYEE. PARTICIPANTS OF THIS PLAN ARE ROBERT GIBSON AND MARK KING. 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. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION DOES NOT HAVE MEMBERS. THE ORGANIZATION'S SPONSOR, MENNONITE HEALTH SERVICES, APPOINTS SIX OF THE NINE DIRECTORS OF THE BOARD ("SPONSOR APPOINTED DIRECTORS"). A SPONSOR APPOINTED DIRECTOR MAY BE REMOVED AT ANY TIME WITH OR WITHOUT CAUSE. 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 COMMUNITIES' (GC) 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. GC WILL CONDUCT PERIODIC REVIEW OF THE MARKET TO DEVELOP AVERAGE WAGES FOR POSITIONS WITHIN GREENCROFT COMMUNITIES. GREENCROFT COMMUNITIES WILL START EMPLOYEES THAT MEET THE MINIMUM REQUIREMENTS FOR THE POSITION AT/OR NEAR THE STARTING WAGE. EMPLOYEES WITH EXPERIENCE IN A JOB ARE HIRED HIGHER UP IN THE WAGE SCALE. A HIRING GRID IS USED FOR UP TO ELEVEN YEARS OF EXPERIENCE. OUR COMPENSATION PHILOSOPHY FOR STAFF OF OUR ORGANIZATION IS BASED ON THE VARIOUS TIERS. THE FIRST TIER IS GENERAL AND MANAGEMENT STAFF. WE HAVE HIRED AN OUTSIDE CONSULTANT TO DEVELOP A COMPENSATION SYSTEM FOR ALL OF GREENCROFT COMMUNITIES' 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 WAGE SCALES HAVE A MINIMUM, A 25TH PERCENTILE, A 50TH PERCENTILE (AVERAGE) A 75TH PERCENTILE AND A MAXIMUM. WE STRIVE TO KEEP THE AVERAGE PAY IN THE MARKETPLACE FOR POSITIONS AT THE MID-POINT OF OUR PAY RANGE FOR A POSITION 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 EXECUTIVE STAFF (VICE PRESIDENTS AND ABOVE) OF OUR ORGANIZATION IS SLIGHTLY DIFFERENT. THE SECOND TIER IS VICE PRESIDENTS. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR STAFF. HOWEVER, OUR POLICY STATES THAT VICE PRESIDENTS CAN EARN UP TO THE 85TH PERCENTILE OF THE RANGE FOR THEIR POSITION. OUR THIRD TIER IS SENIOR VICE PRESIDENTS AND CEO STAFF. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR STAFF. HOWEVER, THERE ARE TWO DIFFERENCES. FIRST, THE POLICY STATES THAT SENIOR VICE PRESIDENTS AND THE CEO CAN EARN UP TO THE 75TH PERCENTILE OF THE RANGE FOR THEIR POSITION. THE PAY RANGE USES THE MARKETPLACE MEDIAN AS THE MID-POINT FOR THESE PAY RANGES, NOT THE MARKETPLACE AVERAGE. GENERALLY, THE MEDIAN IS BELOW THE AVERAGE. THE BOARD HAS ALSO DESIGNED A QUALIFIED DEFERRED COMPENSATION PROGRAM FOR THIS TIER OF EMPLOYEE. ANNUALLY THE BOARD SETS ASIDE UP TO 10% OF THESE EMPLOYEES' WAGES IN THIS PROGRAM. ANNUALLY THE BOARD REVIEWS THE SALARY AND WAGE COMPARISONS FOR EACH EXECUTIVE STAFF MEMBER. A FISCAL YEAR 2017 SURVEY OF OUR EXECUTIVE POSITIONS SHOW THE FOLLOWING BREAKDOWNS: VICE PRESIDENT, SENIOR VICE PRESIDENT & CEO: NUMBER OF EMPLOYEES IN GROUP 0 TO 24TH PERCENTILE 0 (0%) 25TH TO 49TH PERCENTILE 2 (17%) 50TH TO 74TH PERCENTILE 6 (50%) 75TH TO 100TH PERCENTILE 4 (33%) THE OVERALL COMPENSATION POLICY, THE VPS COMPENSATION POLICES AND THE CEO COMPENSATION POLICY ARE APPROVED BY THE GREENCROFT COMMUNITIES (GC) BOARD OF DIRECTORS. THE VARIOUS AFFILIATES IN THE GC STRUCTURE REVIEW THE COMPENSATION POLICIES. ANNUALLY THE GC BOARD AND ITS AFFILIATE BOARDS REVIEW THE COMPENSATION OF THEIR RESPECTIVE EXECUTIVE TEAMS. THEY COMPARE BASE WAGES AND VARIABLE PAY PLAN WITH NATIONAL DATA PROVIDED BY LEADINGAGE (FORMERLY THE 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 GC BOARD HAS REVIEWED THE BASE WAGE AND THE VARIABLE PAY FOR THE PRESIDENT AND CEO OF GREENCROFT COMMUNITIES. IN THE FISCAL YEAR 2018 THIS POSITION WAS, COMPARED TO SIMILAR SIZE NON-PROFIT ORGANIZATIONS, AT THE 47TH PERCENTILE OF THE MARKET FOR BASE COMPENSATION, THE 58TH PERCENTILE OF THE MARKET FOR TOTAL CASH COMPENSATION AND AT THE 2ND PERCENTILE OF THE MARKET FOR THE VARIABLE PAY COMPENSATION. THE LEADINGAGE/ZIEGLER 2018 DATA SHOWS TOTAL COMPENSATION TO BE $306,030 TO $709,740. THE GC BOARD HAS REVIEWED THE BASE WAGE AND THE VARIABLE PAY FOR THE CFO OF GREENCROFT COMMUNITIES. IN THE FISCAL YEAR 2018 THIS POSITION WAS, COMPARED TO SIMILAR SIZE NON-PROFIT ORGANIZATIONS, AT THE 64TH PERCENTILE OF THE RANGE FOR BASE COMPENSATION, THE 65TH PERCENTILE OF THE MARKET FOR TOTAL CASH COMPENSATION AND AT THE 0 PERCENTILE OF THE MARKET FOR THE VARIABLE PAY COMPENSATION. THE LEADINGAGE/ZIEGLER 2018 DATA SHOWS TOTAL COMPENSATION TO BE $179,030 TO $286,740. SEVEN YEARS AGO, THE BOARD ADDED AN UNQUALIFIED SERP PROGRAM FOR THE TOP TWO EXECUTIVES (THE CEO AND THE CFO) OF THE ORGANIZATION. THE PURPOSE IS IN RECOGNITION OF TEN YEARS OF POSITIVE PERFORMANCE AND TO SERVE AS A RETENTION INCENTIVE, SO THE ORGANIZATION DOES NOT LOSE THIS TALENT TO OTHERS OFFERING A MORE COMPETITIVE WAGE. PAYMENTS INTO THE SERP ARE BASED ON LONGEVITY AND ORGANIZATIONAL PERFORMANCE. ANNUALLY THE BOARD REVIEWS FINANCIAL PERFORMANCE AND ALLOCATES A DOLLAR AMOUNT INTO AN UNQUALIFIED SERP FOR THESE TWO EXECUTIVES. THE EXECUTIVES NEED TO BE EMPLOYED AT GC AT THE QUALIFYING AGE TO BE ELIGIBLE FOR PAYMENT FROM THIS FUND, IF THEY ARE NOT EMPLOYED THE FUNDS REMAIN WITH GC. THE CFO'S SERP WAS PAID OUT IN 2018. IF THE CEO WERE TO RECEIVE THE FUNDS TODAY, HE WOULD EARN APPROXIMATELY THE 58TH PERCENTILE OF TOTAL COMPENSATION COMPARED TO PEERS WITH THE RANGE FOR THEIR RESPECTIVE POSITIONS. ADDITIONALLY, THE BOARD LOOKED AT TWO ADDITIONAL DATA SOURCES FOR WAGE COMPARISONS. 1) GUIDESTAR 2018 DATA SHOWS THAT CEOS OF INDIANA NON-PROFITS OF SIMILAR SIZE BASE COMPENSATION RANGE FROM $273,421,000 TO $1,162,182. 2) LEADINGAGE/ZIEGLER 2018 DATA SHOWS THAT FOR-PROFIT CEOS BASE COMPENSATION RANGE IS $253,400 TO $807,600 AND TOTAL CASH COMPENSATION RANGE IS $725,400 TO $1,506,200. 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 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 GOSHEN INC PO BOX 819 GOSHEN IN 46527 351270709 HEALTHCARE 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 GREENCROFT MANOR II INC PO BOX 819 GOSHEN IN 46527 351377430 HOUSING IN 501(C)(3) LINE 10 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 MIDDLEBURY INC PO BOX 819 GOSHEN IN 46527 300036865 HOUSING 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 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 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 CHICAGO TRAIL VILLAGE INC 31891 CHICAGO TRAIL NEW CARLISLE IN 46552 310990629 HOUSING IN 501(C)(3) LINE 10 HAVEN HUBBARD HOMES INC DBA HAMILTON GROVE 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 MENNONITE HEALTH SERVICES 234 S MAIN STREET SUITE A GOSHEN IN 46526 231421919 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT RETIREMENT COMMUNITIES INC 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 GREENCROFT RETIREMENT COMMUNITIES INC C 12600 80755 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 GREENCROFT MIDDLEBURY INC D 2000000 CASH VALUE GREENCROFT GOSHEN INC L 1526740 ACTUAL COST EDGEWATER PLACE INC D 1300000 CASH VALUE WALNUT HILLS RETIREMENT COMMUNITIES INC D 500000 CASH VALUE SOUTHFIELD VILLAGE INC L 485727 ACTUAL COST HAVEN HUBBARD HOMES INC L 482024 ACTUAL COST OAK GROVE CHRISTIAN RETIREMENT VILLAGE INC L 416094 ACTUAL COST GREENCROFT MANAGEMENT INC L 109906 ACTUAL COST GREENCROFT MANOR II INC L 94060 ACTUAL COST WALNUT HILLS RETIREMENT COMMUNITIES INC L 78000 ACTUAL COST GREENCROFT MIDDLEBURY INC L 68245 ACTUAL COST EDGEWATER PLACE INC L 62684 ACTUAL COST GREENCROFT MANOR III INC L 61575 ACTUAL COST GREENCROFT GOSHEN INC M 56001 ACTUAL COST GREENCROFT GOSHEN INC A 45600 ACTUAL COST GREENCROFT MIDDLEBURY INC A 8750 ACTUAL COST