2019-05-13T15:39:25-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2017-07-01 231611427 LUTHERAN COMMUNITY AT TELFORD INC LUTH 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 DIANNA MCGOLDRICK VP OF FINANCE 2157239819 2019-05-11 1 RYAN SANTARELLA P02069285 2156433900 67.137.57.251 2019-05-11 10:13:17 ED P 73165959F041044F9DC26414D498D34F5ABB8EC7 B5F0C61FC85F921E2EFE2949432A568BEBE7A301 2017 2019-02-21 02:37:17Z DAN MCKEE 12 LUTHERAN HOME DRIVE TELFORD PA 18969 27331681 0 X WWW.LCTELFORD.ORG X 1958 PA TO PROVIDE HEALTHCARE SERVICES FOR LUTHERAN COMMUNITY OF TELFORD RETIREMENT COMMUNITY RESIDENTS 5 5 420 82 0 0 279119 291715 21835593 21936881 611334 1514391 217977 191038 22944023 23934025 0 0 0 0 12004237 10568754 0 0 5706 9761476 11546395 21765713 22115149 1178310 1818876 70306044 71376341 57795648 56926495 12510396 14449846 TO PROVIDE PROGRESSIVE LEVELS OF CARE INCLUDING PERSONAL CARE AND SKILLED NURSING IN A SECURE CHRISTIAN ENVIRONMENT 0 0 8190929 0 8957688 OUR 75 BED HEALTHCARE NEIGHBORHOOD IS LICENSED BY THE PENNSYLVANIA DEPARTMENT OF HEALTH. IT IS BOTH A MEDICARE AND MEDICAID APPROVED FACILITY. AT THE LUTHERAN COMMUNITY AT TELFORD (LCT), OUR PHILOSOPHY OF "PERSON-CENTERED CARE", ALLOWS RESIDENTS TO LIVE IN SMALL NEIGHBORHOODS AND FORM CLOSE RELATIONSHIPS WITH EACH OTHER AND WITH STAFF. THEY NOT ONLY RECEIVE EXPERT CARE FROM PEOPLE WHO REALLY KNOW THEM, THEY ALWAYS HAVE A VOICE AND CHOICE IN DIRECTING THEIR CARE. 5947994 0 9238769 RESIDENTIAL LIVING AT LUTHERAN COMMUNITY AT TELFORD PROVIDES YOU WITH A NEWFOUND SENSE OF FREEDOM - A MAINTENANCE FREE LIFESTYLE WHERE YOU GET TO RELAX AND CELEBRATE LIFE WITHOUT THE BURDEN OF HOME MAINTENANCE BUT WITH ADDED SECURITY. LCT HAS 199 APARTMENTS OF VARYING STYLES IN OUR THREE APARTMENT BUILDINGS: LUTHER VILLAGE, HARBINGER TERRACE AND THE MEADOWS FOR ALMOST ANY BUDGET; AS WELL AS 48 COTTAGE STYLE HOMES THROUGHOUT OUR 56 ACRE CAMPUS. BENEVOLENT CARE IS ALSO AVAILABLE FOR THOSE RESIDENTIAL/INDEPENDENT RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. 4678692 0 3373246 LUTHERAN COMMUNITY AT TELFORD IS LICENSED BY THE DEPARTMENT OF PUBLIC WELFARE FOR PERSONAL CARE FOR 125 RESIDENTS. OUR PERSONAL CARE IS DESIGNED FOR THE RESIDENT WHO REQUIRES ASSISTANCE WITH ACTIVITIES OF DAILY LIVING INCLUDING MEDICATION ADMINISTRATION. LCT'S ENVIRONMENT ENCOURAGES INDEPENDENCE, WHILE OFFERING CARE AND SUPPORT APPROPRIATE TO INDIVIDUAL NEEDS. LCT OFFERS PERSONAL CARE MEMORY SUPPORT, WHICH PROVIDES A STIMULATING ENVIRONMENT FOR 24 RESIDENTS THAT ENSURES A SENSE OF SECURITY AND STABILITY. LCT ALSO OFFERS PERSONAL CARE SUITES AND PERSONAL CARE STUDIOS THAT WILL MEET THE NEEDS OF ALL OUR RESIDENTS. BENEVOLENT CARE IS AVAILABLE FOR THOSE RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. 277410 277410 18817615 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 60 0 420 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X COLLEEN MCMENAMIN 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 JOSEPH FIZELL DIRECTOR 1.00 X 0 0 0 REV DAVE LUTCHER DIRECTOR 1.00 X 0 0 0 RON SMITH CHAIR 2.00 1.00 X X 0 0 0 WILLIAM CRESSMAN VICE CHAIR 1.00 1.00 X X 0 0 0 JUNE BAIR SECRETARY 2.00 X X 0 0 0 ELLEN SHRAGER EXECUTIVE DIRECTOR 38.00 2.00 X 83711 93781 13939 DAN MCKEE PRESIDENT & CEO 18.00 24.00 X 150208 124746 25964 VINCE GULOTTI TO MAY 2018 VP OF FINANCE 18.00 24.00 X 100561 81650 12945 TED LEISTER DIRECTOR OF FACILITIES DEVELOPMENT 19.00 21.00 X 84209 71980 24195 418689 372157 77043 2 0 1 0 BERKS RIDGE COMPANY ENTERPRISES INC 316 RUTH ROAD HARLEYSVILLE PA 19438 CONSTRUCTION 2637115 CURA HOSPITALITY LLC PO BOX 743676 ATLANTA GA 30374 FOOD SERVICE 1415983 SELECT REHABILITATION INC PO BOX 809056 CHICAGO IL 60680 REHABILITATION 681781 C&S LAWN & LANDSCAPE INC 562 MELVIN ROAD TELFORD PA 18969 LANDSCAPING 562773 GB BUILDERS 1010 PENNY ROAD GREEN LANE PA 18054 CONSTRUCTION 321135 14 240000 51715 291715 INDEPENDENT LIVING 623990 9238769 9238769 SKILLED NURSING 623990 8957688 8957688 PERSONAL CARE 623990 3373246 3373246 PHARMACY 900099 166144 166144 ADMISSION FEES 900099 92000 92000 109034 19266 89768 21936881 301577 301577 4610470 3397656 1212814 1212814 1212814 54623 0 54623 54623 INCONTINENT REVENUE 900099 98590 98590 REPAIR/SERVICES REVENUE 900099 9337 9337 AUXILIARY REVENUE 900099 1910 1910 26578 26578 136415 23934025 21847113 0 1795197 88915 20980 63739 4196 8674099 8399660 272929 1510 236036 236036 919945 822291 97654 649759 625331 24428 1876333 1876333 78179 78179 66141 66141 1428514 1428514 37325 37325 230274 174648 55626 229870 229870 1237063 1237063 2213 1603 610 1049422 1049422 2733988 2733988 372383 173303 199080 DIETARY SERVICES 1025976 1025976 MAINTENANCE 826277 826277 RESIDENT SERVICES 298559 298559 BAD DEBT 53878 53878 22115149 18817615 3291828 5706 1590657 1513811 2441974 2335717 1800 1600 1262422 638658 50722 50722 230966 179368 90601265 40768077 48008035 49833188 11759193 13057085 260000 257000 4700275 3509192 70306044 71376341 1882639 2152161 18945363 19808449 1939433 1436393 34118935 33226299 909278 303193 57795648 56926495 X 12510396 14449846 12510396 14449846 70306044 71376341 X 1818876 -568568 689142 X 0 1 X 1 0 X 285392 354119 301276 279119 291715 1511621 19967350 20586477 21181813 21835593 21847113 105418346 20252742 20940596 21483089 22114712 22138828 106929967 0 0 0 106929967 391057 410665 325702 280493 301577 1709494 391057 410665 325702 280493 301577 1709494 101612 129785 221374 217977 280806 951554 20745411 21481046 22030165 22613182 22721211 109591015 0.97570 0.97670 0.01560 0.01620 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: NON-RESIDENT MEALS - 2013 AMOUNT: $ 49,000. 2014 AMOUNT: $ 67,753. 2015 AMOUNT: $ 74,283. 2017 AMOUNT: $ 89,768. FUNDRAISING EVENTS - 2013 AMOUNT: $ 52,612. 2014 AMOUNT: $ 62,032. 2016 AMOUNT: $ 66,113. 2017 AMOUNT: $ 54,623. INCONTINENT REVENUE - 2015 AMOUNT: $ 100,951. 2016 AMOUNT: $ 90,139. 2017 AMOUNT: $ 98,590. REPAIR/SERVICES REVENUE - 2016 AMOUNT: $ 19,143. 2017 AMOUNT: $ 9,337. AUXILIARY REVENUE - 2017 AMOUNT: $ 1,910. OTHER MISCELLANEOUS REVENUE - 2015 AMOUNT: $ 46,140. 2016 AMOUNT: $ 42,582. 2017 AMOUNT: $ 26,578. 0 1 X 4344540 4344540 78552798 35802853 42749945 7450300 4965224 2485076 253627 253627 49833188 DUE TO AFFILIATE 40 DEPOSITS 303153 303193 X PART IV, LINE 2B: THE ORGANIZATION HAS ESCROW FUNDS THAT REPRESENT THE REFUNDABLE ENTRANCE FEES OF RESIDENTS WHO HAVE PERMANENTLY MOVED FROM AN APARTMENT UNIT INTO THE NURSING OR PERSONAL CARE FACILITY. THESE FUNDS ARE RETAINED AS SECURITY FOR THE PAYMENT OF THE RESIDENTS' CHARGES AND ARE REFUNDED IF NOT NEEDED. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMMONWEALTH OF PENNSYLVANIA STATUTES. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. IT IS THE ORGANIZATION'S POLICY TO ACCOUNT FOR ANY INTEREST OR PENALTIES ASSESSED RELATING TO UNCERTAIN TAX POSITIONS, IF ANY, AS GENERAL AND ADMINISTRATIVE EXPENSES. THE ORGANIZATION DID NOT INCUR ANY INTEREST OR PENALTIES FOR THE YEAR ENDED JUNE 30, 2018. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. CENTURY CLUB 26569 26569 INDIAN VALLEY BEER FESTIVAL 6800 6800 1 21254 21254 54623 54623 54623 1 0 0 0 0 0 0 0 0 ELLEN SHRAGER EXECUTIVE DIRECTOR 63298 93656 20413 125 0 0 0 4995 0 8944 83711 107720 0 0 DAN MCKEE PRESIDENT & CEO 113607 124621 36601 125 0 0 0 7888 0 18076 150208 150710 0 0 VINCE GULOTTI TO MAY 2018 VP OF FINANCE 100561 81650 0 0 0 0 0 5089 0 7856 100561 94595 0 0 TED LEISTER DIRECTOR OF FACILITIES DEVELOPMENT 66033 71855 18176 0 0 125 0 4624 0 19571 84209 96175 0 0 PART I, LINE 3 THE CEO, EXECUTIVE DIRECTOR AND VP OF FINANCE ARE PAID FROM A RELATED ORGANIZATION. PART I, LINE 4A VINCE GULOTTI - SEVERANCE - $18,842 A TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY 232253252 2010-05-21 13745000 NEW CONSTRUCTION 0 0 0 B PERKASIE BOROUGH INDUSTRIAL DEVELOPMENT AUTHORITY 232311902 2015-12-17 4600000 NEW CONSTRUCTION 0 0 0 C TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY 232253252 2017-06-29 20542000 REFI 2007 BONDS & NEW CONSTRUCTION 0 0 0 A 1596135 13178799 120461 13058157 180 2012 0 0 1 1 B 72739 4600000 50000 2720575 1829425 2017 0 0 1 1 C 20542000 422193 18510000 1609807 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 0 0 0 1 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 1 SUNTRUST BANK 13.000000000000 0 0 0 0 0 A 1 B 0 C 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/08/2016 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION SHALL BE GRACE INSPIRED MINISTRIES. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS SHALL BE APPOINTED BY THE MEMBER, GRACE INSPIRED MINISTRIES, AT ITS ANNUAL MEETING FROM CANDIDATES NOMINATED BY THE CORPORATION'S NOMINATING COMMITTEE OR OTHERWISE SELECTED BY THE MEMBER TO BEGIN TERMS AS OF THE DATE OF THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B WITHOUT THE APPROVAL OF THE MEMBER, GRACE INSPIRED MINISTRIES, THE BOARD MAY NOT: (A) MAKE ANY STRATEGIC PLANNING DECISIONS OR APPROVE A STRATEGIC PLAN; (B) AUTHORIZE OR ENGAGE IN ANY MARKETING OR COMMUNITY EDUCATION PROGRAMS; (C) INITIATE, CEASE, OR SIGNIFICANTLY MODIFY ANY FUNDRAISING ACTIVITIES OR PLANS FOR THE SOLICITATION OF CHARITABLE CONTRIBUTIONS OR FOR THE SOLICITATION OR ACCEPTANCE AS A GIFT OF ANY REAL PROPERTY OR INTEREST THEREIN; (D) CHANGE THE AREA SERVED BY THE CORPORATION; (E) SECURE TAX EXEMPT FINANCING OR OTHERWISE BORROW MORE THAN $10,000 UNDER TERMS WHICH PROVIDE FOR A REPAYMENT PERIOD IN EXCESS OF THREE MONTHS; (F) ENTER INTO ANY LEASES WHICH WOULD OBLIGATE THE CORPORATION TO MAKE RENTAL PAYMENTS IN EXCESS OF $10,000 PER YEAR; (G) PURCHASE INSURANCE POLICIES OTHER THAN POLICIES WHICH COMPLY WITH ANY REQUIREMENT SET FORTH IN ANY AGREEMENT ENTERED INTO BY THE CORPORATION; (H) UNDERTAKE ANY CAPITAL EXPENDITURES IN EXCESS OF $5,000 AND ANY CAPITAL EXPENDITURES INVOLVING RELATED PROJECTS WHICH, IN THE AGGREGATE, EXCEED $25,000; (I) ADOPT ANY ORIGINAL OR REVISED CAPITAL OR OPERATING BUDGETS WHICH WOULD RESULT IN ANY EXPENDITURE IN EXCESS OF $10,000 OVER ANTICIPATED REVENUE; (J) AMEND THE CORPORATION'S ARTICLES OF INCORPORATION OR THESE BYLAWS; (K) INITIATE, CEASE, OR SIGNIFICANTLY MODIFY ANY OF THE CORPORATION'S LINES OF SERVICE, PRODUCTS, OR PROGRAMS; (L) SELL, RELINQUISH, OR OTHERWISE AUTHORIZE A CHANGE IN CONTROL OF MORE THAN $50,000 OF THE ASSETS OF THE CORPORATION; (M) SELECT, REMOVE, OR REPLACE INDEPENDENT ACCOUNTANTS AND AUDITORS FOR THE CORPORATION; (N) AUTHORIZE FUNDAMENTAL CHANGES TO THE CORPORATION, INCLUDING THE ADOPTION OF A PLAN OF DISSOLUTION OF THE CORPORATION; THE ADOPTION OF A PLAN OF MERGER, CONSOLIDATION, DIVISION, CONVERSION, OR AFFILIATION WITH ANOTHER ENTITY; AND CHANGE TO THE CURRENT CORPORATION'S CORPORATE ORGANIZATIONAL STRUCTURE; (O) AUTHORIZE AND DESIGNATE OFFICERS OF THE CORPORATION TO EXECUTE A DEED OF ASSIGNMENT FOR THE BENEFIT OF CREDITORS; FILE A VOLUNTARY PETITION IN BANKRUPTCY; FILE AN ANSWER CONSENTING TO THE APPOINTMENT OF A RECEIVER; OR FILE AN ANSWER TO AN INVOLUNTARY PETITION IN BANKRUPTCY; (P) ORGANIZE OR ACQUIRE ANY SUBSIDIARY OR AFFILIATE; (Q) CHANGE THE CORPORATION'S FISCAL YEAR; (R) DETERMINE TO INDEMNIFY A REPRESENTATIVE AS PROVIDED IN SECTION 10.2 OF THESE BYLAWS; OR (S) AUTHORIZE, APPROVE, AMEND, OR TERMINATE ANY MANAGEMENT CONTRACT(S). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT, AND REVIEWED BY THE CEO/PRESIDENT, CFO, AND FULL BOARD BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR OR OFFICER WHO HAS AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OR A COMMITTEE FOR AUTHORIZATION, APPROVAL OR RATIFICATION SHALL MAKE A PROMPT AND FULL DISCLOSURE OF HIS OR HER INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON SUCH CONTRACT OR TRANSACTION. THE BODY TO WHICH SUCH DISCLOSURE IS MADE SHALL THEREUPON DETERMINE, BY MAJORITY VOTE, WHETHER THE DISCLOSURE SHOWS THAT A CONFLICT OF INTEREST EXISTS OR CAN REASONABLY BE CONSTRUED TO EXIST. IF A CONFLICT IS DEEMED TO EXIST, SUCH PERSON SHALL NOT VOTE ON, NOR USE HIS OR HER PERSONAL INFLUENCE ON, NOR PARTICIPATE (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) IN, THE DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO SUCH CONTRACT OR TRANSACTION. SUCH PERSON SHALL NOT BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING WHERE THE CONTRACT OR TRANSACTION IS UNDER DISCUSSION OR IS BEING VOTED UPON. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE, THE VOTE THEREON AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING AND PARTICIPATION, AND WHETHER A QUORUM WAS PRESENT. ANNUALLY THE BOARD DISTRIBUTES A CERTIFICATION REGARDING CONFLICT OF INTEREST FORM WHICH MUST BE COMPLETED AND SIGNED BY EACH BOARD MEMBER CERTIFYING THAT ALL CONFLICTS ARE DISCLOSED AND THEY ARE FAMILIAR WITH THE ORGANIZATIONS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF GRACE INSPIRED MINISTRIES, INC., IS CHARGED WITH ANNUALLY REVIEWING THE PERFORMANCE AND ESTABLISHING COMPENSATION FOR THE CEO. TOP MANAGEMENT SALARIES ARE DETERMINED BASED ON REVIEW OF AN ANNUAL SURVEY PROVIDED BY TRADE ASSOCIATION, OR EXTERNAL CONSULTATION, TO ENSURE COMPENSATION IS COMPETITIVE AND MAINTAINED WITHIN FAIR MARKET RANGE WITHIN THE INDUSTRY NORMS. THE APPROVAL PROCESS FOR EACH EMPLOYEE'S COMPENSATION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 689,142. GRACE INSPIRED MINISTRIES 12 LUTHERAN HOME DRIVE TELFORD PA 18969 814735423 MANAGEMENT COMPANY PA 501(C)(3) LINE 12C, III-FI N/A 0 THE COMMUNITY AT ROCKHILL 3250 STATE ROAD SELLERSVILLE PA 18960 231472520 PROVIDE HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS PA 501(C)(3) LINE 10 GRACE INSPIRED MINISTRIES 0 RM HOME SERVICES 672 MAIN STREET HARLEYSVILLE PA 19438 453739578 IN HOME CARE SERVICES TO ELDERLY INDIVIDUALS PA 501(C)(3) LINE 10 GRACE INSPIRED MINISTRIES 0 LUTHERAN COMMUNITY AT TELFORD FUND 12 LUTHERAN HOME DRIVE TELFORD PA 18969 232694179 FUNDRAISING ACTIVITIES FOR AFFILIATED NON-PROFIT ENTITY PA 501(C)(3) LINE 12A, I LUTHERAN COMMUNITY AT TELFORD INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LUTHERAN COMMUNITY AT TELFORD FUND C 240000 CASH