2019-11-12T14:33:51-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2018-01-01 232499121 WHITE HORSE VILLAGE INC WHIT 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 JENNIFER K SCHILPP VP FINANCE 6105585000 2019-11-07 1 SETH BRODY CPA P01586423 2156433900 67.137.57.251 2019-11-07 18:21:12 ES P 2F542D77562765624DD25E3C4252385A52575023 C25FEAFA4ED1866000A057C9D0D73718F4B598B5 2018 2020-01-14 16:20:31Z LEN WEISER 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 41317331 0 X WWW.WHITEHORSEVILLAGE.ORG X 1989 PA CONTINUING CARE RETIREMENT COMMUNITY DEDICATED TO PROVIDING THE BEST RETIREMENT LIVING 15 15 520 215 0 0 300467 2281310 32561242 36043785 1408338 306249 1654052 172505 35924099 38803849 0 0 0 0 13380689 14598563 0 0 0 18142830 18437841 31523519 33036404 4400580 5767445 110819382 117228822 113955234 114649607 -3135852 2579215 WE INTENTIONALLY CREATE OPPORTUNITIES FOR EXTRAORDINARY LIVING IN A VIBRANT, DIVERSE COMMUNITY THROUGH PERSONAL GROWTH, CONNECTEDNESS, AND RELATIONSHIPS. 0 0 28338256 0 36043785 WHITE HORSE VILLAGE INC. PROVIDES CARE UNDER LIFE CARE CONTRACTS TO APPROXIMATELY 500 ADULTS, ALL OVER THE AGE OF 62. UNDER THESE CONTRACTS, WHITE HORSE VILLAGE INC. PROVIDES HOUSING, MEALS, UTILITIES, MAINTENANCE, AND CERTAIN MEDICAL SERVICES TO THESE RESIDENTS. 28338256 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 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 1 1 1 0 0 1 86 0 520 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JENNIFER K SCHILPP VP FINANCE 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 ALBERT RAYMOND DIRECTOR 1.00 0.00 X 0 0 0 BRUCE D HOPPER MD DIRECTOR 1.00 0.00 X 0 0 0 CYNDI WALTERS DIRECTOR 1.00 0.00 X 0 0 0 ELEANOR C SMITH DIRECTOR 1.00 1.00 X 0 0 0 GREGORY NOWELL DIRECTOR 1.00 0.00 X 0 0 0 HELENA CIECHANOWSKI DIRECTOR 1.00 0.00 X 0 0 0 JOHN YOUNG DIRECTOR 1.00 0.00 X 0 0 0 LOUISE L HUMMEL DIRECTOR 1.00 1.00 X 0 0 0 MELANIE BORK GRAHAM DIRECTOR 1.00 1.00 X 0 0 0 PAMELA L HANSEN DIRECTOR 1.00 1.00 X 0 0 0 PAUL HOPPER DIRECTOR 1.00 0.00 X 0 0 0 ROBERT J BRUCE DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL B MAGNAVITA TREASURER 1.00 0.00 X X 0 0 0 SHIRLEY WEAVER VICE CHAIR/SECRETARY 1.00 0.00 X X 0 0 0 AMY CARPENTER CHAIR 1.00 0.00 X X 0 0 0 DANIEL F CROUGH DIRECTOR - LEFT JUN 2018 1.00 0.00 X 0 0 0 MICHAEL J HAMMOND DIRECTOR - LEFT JUN 2018 1.00 0.00 X 0 0 0 LEONARD WEISER PRESIDENT/CEO 40.00 1.00 X 244378 0 10477 JENNIFER K SCHILPP VP FINANCE 40.00 1.00 X 239970 0 18299 ROBERT J HIGGINS VP PROPERTY/FACILITIES 40.00 0.00 X 181099 0 15760 TINA BOUKALIS VP RESIDENT SERVICES 40.00 0.00 X 164041 0 15093 DOROTHY L MALLON VP MARKETING/PUBLIC RELATIONS 40.00 1.00 X 155434 0 21418 MICHAEL A SCHEUREN VP ADMINISTRATION - LEFT SEP 2018 40.00 1.00 X 139225 0 5889 BRITTANY BROWN SENIOR DIRECTOR OF HEALTHCARE 40.00 0.00 X 130895 0 5450 MAX ROMULUS DIRECTOR OF IT 40.00 0.00 X 104538 0 12630 MARY K BURKE FORMER PRESIDENT/CEO - LEFT DEC 2017 0.00 0.00 X 107557 0 0 1467137 0 105016 10 1 1 0 PAUL RISK CONSTRUCTION 11 W STATE ST QUARRYVILLE PA 17566 BUILDING CONTRACTOR 2172919 JOHN MCALLISTER 129 BEECHWOOD RD NEWTOWN SQUARE PA 19073 BUILDING CONTRACTOR 1163291 HOME INSTEAD SENIOR CARE 600 N JACKSON ST STE 200 MEDIA PA 19063 IN HOME SENIOR CARE 979088 HERMAN GOLDNER CO INC 7777 BREWSTER AVE PHILADELPHIA PA 19153 HVAC CONTRACTOR 938166 SYSCO PHILADELPHIA LLC 600 PACKER AVE PHILADELPHIA PA 19148 FOOD SERVICE 837662 7 2281310 2281310 RESIDENT CARE FEES 623000 20034179 20034179 MEDICAL CARE FEES 623000 9523400 9523400 AMORT OF DEFERRED ENTRY FEE 623000 5911846 5911846 AUXILLIARY SERVICES 624100 351954 351954 RENOVATION UPGRADES 811000 154406 154406 68000 68000 36043785 357282 357282 84060 0 84060 84060 84060 2462449 2513482 -51033 -51033 -51033 CATERING 722515 35341 35341 NOTARY AND POSTAGE 900099 26530 26530 REIMBURSEMENTS 900099 12603 12603 13971 13971 88445 38803849 36043785 0 478754 513124 513124 10071079 8983169 1087910 197460 156086 41374 2971104 2392440 578664 845796 721704 124092 36372 5456 30916 53217 7983 45234 338319 285955 52364 218121 32718 185403 1384554 929181 455373 5789614 5269885 519729 14677 3469 11208 1792948 1613653 179295 5431330 4888197 543133 311110 279999 31111 FOOD 1641544 1559467 82077 THERAPY 691845 691845 PHARMACY/MED SUPPLIES 478730 478730 LICENSES AND FEES 255460 38319 217141 33036404 28338256 4698148 0 4872018 8157315 3604063 1495009 94470 96454 1376199 1567504 168545678 81488033 84195766 87057645 16676866 18854895 110819382 117228822 2958387 3237318 64932870 68866229 36932411 35318741 9131566 7227319 113955234 114649607 X -3135852 2579215 -3135852 2579215 110819382 117228822 X 5767445 -1330855 1278477 X 0 1 X 1 0 X 176813 227894 225097 300467 2281310 3211581 28679806 29664870 31386754 34116523 36043785 159891738 28856619 29892764 31611851 34416990 38325095 163103319 176813 227894 225097 300467 2281310 3211581 0 176813 227894 225097 300467 2281310 3211581 159891738 429993 190046 236984 402781 441342 1701146 429993 190046 236984 402781 441342 1701146 270049 331681 371333 25946 88445 1087454 29556661 30414491 32220168 34845717 38854882 165891919 0.96380 0.96850 0.01030 0.00950 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CATERING - 2018 AMOUNT: $ 35,341. NOTARY AND POSTAGE - 2018 AMOUNT: $ 26,530. REIMBURSEMENTS - 2018 AMOUNT: $ 12,603. MISCELLANEOUS - 2014 AMOUNT: $ 270,049. 2015 AMOUNT: $ 331,681. 2016 AMOUNT: $ 371,333. 2017 AMOUNT: $ 25,946. 2018 AMOUNT: $ 13,971. 6453942 71674 -200436 2271162 10148 4043870 3065545 3106075 582789 300467 6453942 2746822 109411 222054 225097 -212355 3065545 2821999 158916 -6199 227894 2746822 2269278 516447 213087 176813 2821999 0.57170 0.00000 0.42830 0 1 1 6656012 6656012 144451728 69740688 74711040 16180556 10684508 5496048 1257382 1062837 194545 87057645 INTEREST RATE SWAP 4755600 REFUNDABLE HEALTHCARE DEPOSITS 1888378 REFUNDABLE PROSPECTIVE RESIDENTS' DEPOSITS 583341 7227319 X 38751471 -1330855 1278477 -52378 38803849 0 38803849 33036404 0 33036404 0 33036404 PART V, LINE 4: WHITE HORSE VILLAGE ENDOWMENT FUND HAS TWO TEMPORARILY RESTRICTED FUNDS: RESIDENT RESERVE FUND-TO PROVIDE FINANCIAL ASSISTANCE TO RESIDENTS IN NEED. CAMPUS IMPROVEMENT FUND-TO PROVIDE FACILITY IMPROVEMENTS, FURNISHINGS, AND EQUIPMENT AT THE COMMUNITY FOR THE BENEFIT OF RESIDENTS OF THE COMMUNITY. IN ADDITION, THE ENDOWMENT FUND MAINTAINS AN UNRESTRICTED DISCRETIONARY FUND TO ACCOUNT FOR ALL RESOURCES OVER WHICH THE ENDOWMENT FUND COMMITTEE HAS CONTROL TO USE IN PROVIDING BENEFITS FOR RESIDENTS OF THE COMMUNITY WITHIN THE SCOPE OF THE CORPORATION'S TAX-EXEMPT STATUS. PART X, LINE 2: THE VILLAGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE VILLAGE 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 VILLAGE'S FINANCIAL STATEMENTS. THE VILLAGE'S TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST RATE SWAPS 1,278,477. X X X X X 0 0 0 0 0 0 0 1 0 LEONARD WEISER PRESIDENT/CEO 231767 0 12611 0 0 0 0 0 10477 0 254855 0 0 0 JENNIFER K SCHILPP VP FINANCE 209083 0 29499 0 1388 0 9860 0 8439 0 258269 0 0 0 ROBERT J HIGGINS VP PROPERTY/FACILITIES 158809 0 22290 0 0 0 7201 0 8559 0 196859 0 0 0 TINA BOUKALIS VP RESIDENT SERVICES 143634 0 20407 0 0 0 6534 0 8559 0 179134 0 0 0 DOROTHY L MALLON VP MARKETING/PUBLIC RELATIONS 134322 0 19581 0 1531 0 6390 0 15028 0 176852 0 0 0 MARY K BURKE FORMER PRESIDENT/CEO - LEFT DEC 2017 87557 0 20000 0 0 0 0 0 0 0 107557 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A RECEIVED A BONUS IN 2018. THE BONUS FITS THE IRS DEFINITION OF NON-FIXED PAYMENT. THE BONUS IS INCLUDED IN EACH EMPLOYEES W-2 COMPENSATION. LEONARD WEISER, PRESIDENT/CEO - $12,611 JENNIFER K. SCHILPP, VP FINANCE - $29,499 ROBERT J. HIGGINS, VP PROPERTY/FACILITIES - $22,290 TINA BOUKALIS, VP RESIDENT SERVICES - $20,407 DOROTHY L. MALLON, VP MARKETING/PUBLIC RELATIONS - $19,581 MICHAEL A. SCHEUREN, VP ADMINISTRATION - $13,977 BRITTANY BROWN, SENIOR DIRECTOR OF HEALTHCARE - $17,691 MAX ROMULUS, DIRECTOR OF IT - $620 MARY K. BURKE, FORMER PRESIDENT/CEO - $20,000 AS PART OF BACK PAY A DELAWARE CNTY AUTHORITY 231973437 245913HH4 2006-05-17 4865000 REFUND OF '96/'00 BONDS; FUNDING CAPITAL PROJECT 0 0 0 B DELAWARE CNTY AUTHORITY 231973437 245913HJ0 2006-05-17 35795000 REFUND OF '96/'00 BONDS; FUNDING CAPITAL PROJECT 0 0 0 C DELAWARE CNTY AUTHORITY 231973437 245913JD1 2008-05-09 11000000 FUND EXPANSION, RENOVATION 0 0 0 A 4 4865000 40554 4190 4143 4816113 2006 0 1 1 1 B 16042083 35795000 295819 30826 6893094 28575261 2006 1 0 1 1 C 11000000 188620 48669 10762711 2010 0 0 1 1 A 0 0 0 0 1 0 1 B 0 0 0 0 1 0 1 C 0 0 0 0 1 0 1 A 0 1 0 0 1 1 MORGAN STANLEY 0 0 0 0 1 B 0 1 0 0 1 1 MORGAN STANLEY 0 0 0 0 1 C 0 1 0 0 1 1 WELLS FARGO 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN IT IS REVIEWED BY THE MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL WHITE HORSE VILLAGE TEAM MEMBERS, INCLUDING BUT NOT LIMITED TO TEAM MEMBERS, OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THIS POLICY IS ESTABLISHED TO ENSURE THAT RESIDENT CARE/SERVICES AND BUSINESS ACTIVITIES ARE CONDUCTED IN AN OBJECTIVE MANNER AND ARE NOT MOTIVATED BY DESIRE FOR PERSONAL OR FINANCIAL GAIN. ACTUAL OR POTENTIAL CONFLICTS OF INTEREST MUST BE DISCLOSED TO APPROPRIATE MANAGEMENT PERSONNEL, HUMAN RESOURCES AND/OR THE COMPLIANCE OFFICER OR DESIGNEE. TEAM MEMBERS MUST SEEK GUIDANCE AND APPROVAL FROM COMPLIANCE OFFICER AND/OR PRESIDENT/CEO BEFORE PURSUING ANY BUSINESS OR PERSONAL ACTIVITY THAT MAY CONSTITUTE A CONFLICT OF INTEREST. THE BOARD OF DIRECTORS AND MEMBERS OF MANAGEMENT WILL SIGN THE CONFLICT OF INTEREST SIGNATURE PAGE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, ALL OFFICER AND KEY EMPLOYEE COMPENSATION REVIEWS ARE COMPLETED USING THREE DIFFERENT WAGE SURVEYS, OTHER FORM 990'S OF SIMILAR ORGANIZATIONS AND INDEPENDENT CONSULTANT REPORTS. THE BOARD'S GOVERNANCE COMMITTEE REVIEWS COMPENSATION OF THE PRESIDENT/CEO. THE PRESIDENT/CEO REVIEWS COMPENSATION FOR OTHER PAID OFFICERS AND KEY EMPLOYEES AND SHARES THAT INFORMATION WITH THE BOARD GOVERNANCE COMMITTEE FOR ITS REVIEW AND APPROVAL. ALL OFFICER AND KEY EMPLOYEE COMPENSATION REVIEW DELIBERATIONS AND FINAL DETERMINATIONS ARE DOCUMENTED AS PART OF COMMITTEE MINUTES AND RESPECTIVE EMPLOYEE FILES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS 1,278,477. WHITE HORSE VILLAGE ENDOWMENT FUND INC 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 232738045 SUPPORT WHITE HORSE VILLAGE, INC. AND ITS RESIDENTS PA 501(C)(3) LINE 10 WHITE HORSE VILLAGE INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 WHITE HORSE VILLAGE ENDOWMENT FUND INC C 2281310 CASH TRANSFER