2019-01-08T11:21:57-06:00 2018-02-28 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2017-03-01 860410807 PEOPLE OF FAITH INC PEOP 6239332807 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 A CARTER SMITHERMAN CFO 6239332807 2018-12-10 1 CHAD KUNZE P00639380 6022662248 67.137.57.251 2018-12-10 07:33:44 US P 1EAAFF4BCC13BBD0B29B7E526B13DD685C615F06 D9296ABB841A0B8370F91367E66032AC87F74933 2017 2019-02-21 02:37:17Z ROYAL OAKS KENDRA EBERHART 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 89579166 0 X WWW.ROYALOAKS.COM X 1983 AZ PROVIDE HOUSING THAT PROMOTES COMFORT, SECURITY, INDEPENDENCE & LIFE SATISFACTION FOR RESIDENTS. 13 13 498 300 0 0 645580 637815 25999186 28618002 4486407 5211565 443961 1763 31575134 34469145 64809 67642 0 0 14431616 14964676 0 0 0 13520869 20856414 28017294 35888732 3557840 -1419587 139531714 139092685 91790445 89337351 47741269 49755334 X TO PROVIDE THE HOUSING AND AMENITIES THAT PROMOTE A HIGH DEGREE OF COMFORT, SECURITY, INDEPENDENCE AND LIFE SATISFACTION FOR OUR RESIDENTS AND FUTURE RESIDENTS. 0 1 31213999 67642 28618002 DURING THE FISCAL YEAR ENDED FEBRUARY 28, 2018, ROYAL OAKS PROVIDED LIFE CARE SERVICES TO APPROXIMATELY 600 RESIDENTS ON A 38-ACRE CAMPUS CONSISTING OF 360 RESIDENTIAL HOMES AND APARTMENTS, 59 ASSISTED LIVING HOMES, A 56-UNIT MEMORY CARE FACILITY, AND A 60-BED HIGH ACUITY ASSISTED LIVING CENTER. 31213999 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 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 143 0 498 1 0 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AZ X A CARTER SMITHERMAN 6239332807 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 CAROL BRYAN CHAIR 1.00 0.00 X X 0 0 0 DICK JORGENSON VICE CHAIR 1.00 0.00 X X 0 0 0 DENNIS VINCENT SECRETARY (THROUGH FEBRUARY 2018) 1.00 0.00 X X 0 0 0 WILLIAM SCHLOFMAN TREASURER (THROUGH FEBRUARY 2018) 1.00 0.00 X X 0 0 0 GARY BENSON TRUSTEE 1.00 0.00 X 0 0 0 KAREN BOUGNEIT TRUSTEE 1.00 0.00 X 0 0 0 DAN BRUSNAHAN TRUSTEE 1.00 0.00 X 0 0 0 TERESA GIARRUSSO TRUSTEE 1.00 0.00 X 0 0 0 LOUIS JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 MARY BETH JOUBLANC TRUSTEE 1.00 0.00 X 0 0 0 ANDREW LENICK TRUSTEE 1.00 0.00 X 0 0 0 WILL RICHARD TRUSTEE 1.00 0.00 X 0 0 0 ERIC SHOLBERG TRUSTEE 1.00 0.00 X 0 0 0 JANIS BYAN TRUSTEE 1.00 0.00 X 0 0 0 MARK WOODFIELD TRUSTEE 1.00 0.00 X 0 0 0 KENDRA EBERHART PRESIDENT & CEO 39.00 1.00 X 270160 0 77238 A CARTER SMITHERMAN CFO 39.00 1.00 X 136255 0 13259 GRETCHEN COBB COO 39.00 1.00 X 190423 0 66046 DINA JO CAPEK DIRECTOR OF HEALTH SERVICES 40.00 0.00 X 165864 0 31612 JANET ADAMS H.R. DIRECTOR 40.00 0.00 X 122477 0 15722 SUSAN CAREY ALTGILBERS I.T. MANAGER 40.00 0.00 X 103793 0 15263 VICKI ULLERY MARKETING MANAGER 40.00 0.00 X 102964 0 22017 1091936 0 241157 7 0 1 0 COMPASS GROUP 2400 YORKMOUNT ROAD CHARLOTTE NC 28217 FOOD COMMODITIES AND SERVICES 2795882 MAYFAIR FLOORS 3120 W CAREFREE HIGHWAY SUITE B5 PHOENIX AZ 85086 FLOORING PRODUCTS AND INSTALLATION 501893 ZIEGLER CAPITAL MANAGEMENT 70 W MADISON STREET SUITE 2400 CHICAGO IL 60602 INVESTMENT MANAGEMENT 189998 GREYSTONE 225 E JOHN CARPENTER FREEWAY SUITE IRVING TX 75062 DEVELOPMENT CONSULTING 160425 CLIMATEC PO BOX 660919 DALLAS TX 75266 SECURITY, NURSE CALL SYSTEMS & SUPPORT 121974 10 73589 535255 28971 637815 RESIDENT REVENUES 623000 22227406 22227406 ENTRANCE FEES 623000 6390596 6390596 28618002 1596622 1596622 75370 0 75370 75370 75370 58696867 55062520 19404 3634347 -19404 3614943 3614943 0 73589 28097 -28097 -28097 RESIDENT AMENITIES 900099 411090 411090 MEALS 721000 290332 290332 MISCELLANEOUS INCOME 900099 67155 67155 -814087 -814087 -45510 34469145 28618002 0 5213328 45000 45000 22642 22642 694415 694415 11802220 11246287 555933 329516 300665 28851 1187977 1114508 73469 950548 861877 88671 53992 53992 36993 36993 320244 320244 1380129 1100049 280080 359985 306602 53383 777704 459168 318536 272220 220425 51795 2325895 2059666 266229 48975 42865 6110 92965 40295 52670 1247573 1122816 124757 10803776 9786566 1017210 511700 186313 325387 FOOD 2233139 2030559 202580 MEDICAL SUPPLIES 107535 107535 MISCELLANEOUS EXPENSES 88242 67474 20768 0 DUES & SUBSCRIPTIONS 79843 45559 34284 115504 47128 68376 35888732 31213999 4674733 0 1912795 2420569 7489625 5921261 1663965 827844 233342 210485 687956 675110 123059857 66186130 65077154 56873727 61597310 72128209 814087 55480 35480 139531714 139092685 2225099 2674342 48783051 47543655 38800440 37904793 824670 297441 1157185 917120 91790445 89337351 X 43199541 44835305 4541728 4920029 47741269 49755334 139531714 139092685 X -1419587 3369186 64466 X 0 1 X 1 0 X 727642 1046989 913813 645580 637815 3971839 22708021 24280374 24504919 25999186 28618002 126110502 589515 583698 700142 695797 701422 3270574 24025178 25911061 26118874 27340563 29957239 133352915 186019 135397 178188 379441 135504 1014549 0 186019 135397 178188 379441 135504 1014549 132338366 1958479 1716273 1674319 1692859 1671992 8713922 1958479 1716273 1674319 1692859 1671992 8713922 45290 67155 112445 25983657 27627334 27793193 29078712 31696386 142179282 0.93080 0.92830 0.06130 0.06370 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME 0 1 X 9464970 9464970 95038823 55457716 39581107 3674510 3674510 14499604 10728414 3771190 381950 381950 56873727 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 917120 917120 X 32705451 1012693 1012693 31692758 2776387 2776387 34469145 27272571 28097 28097 27244474 8644258 8644258 35888732 PART IV, LINE 2B: APPLICATION FEES CONSIST OF DEPOSITS BY INDIVIDUALS WHO HAVE BEEN PLACED ON A PRIORITY LIST FOR A RESIDENT UNIT AND ARE FULLY REFUNDABLE. CUSTOMER DEPOSITS CONSIST OF A ONE MONTH DEPOSIT FOR RESIDENTS THAT ARE ADMITTED TO ASSISTED LIVING WITHOUT A LIFE CARE CONTRACT. THE DEPOSIT IS FULLY REFUNDED BY MOVE OUT OR DEATH OF THE RESIDENT. A MINIMUM DEPOSIT OF 10% OF THE TOTAL ENTRANCE FEE IS REQUIRED BEFORE AN INDEPENDENT UNIT IS CONSIDERED RESERVED. PRIOR TO OCCUPANCY, APPLICANTS WHO SIGN LIFE CARE CONTRACTS MAY, UPON CANCELLATION WITHIN A RESCISSION PERIOD, CANCEL THEIR CONTRACT AND RECEIVE A REFUND OF THEIR DEPOSIT. IF AN APPLICANT DIES OR BECOMES DISABLED PRIOR TO OCCUPYING THE UNIT, OR IF A PROSPECTIVE RESIDENT'S APPLICATION IS DENIED, ALL FUNDS DEPOSITED WILL BE REFUNDED. PART X, LINE 2: PEOPLE OF FAITH, INC. (DBA: ROYAL OAKS) IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION FOR STATE LAW. HOWEVER, PEOPLE OF FAITH, INC. (DBA: ROYAL OAKS) IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PEOPLE OF FAITH, INC. (DBA: ROYAL OAKS) IS THE SOLE MEMBER OF CACTUS SKY HOLDINGS, LLC, WHICH IS CONSIDERED A DISREGARDED ENTITY FOR INCOME TAX PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 106,043. LOSS ON GOODWILL IMPAIRMENT 814,087. FUNDRAISING EVENT EXPENSES 28,097. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 64,466. PART XI, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT FUND REVENUES 339,893. CACTUS SKY LLC REVENUES 115,489. DISCONTINUED OPERATIONS REVENUES 2,321,005. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 28,097. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT FUND EXPENSES 106,043. CACTUS SKY LLC EXPENSES 130,477. DISCONTINUED OPERATIONS EXPENSES 8,407,738. DINNER 73589 73589 3449 14331 3113 7204 73589 73589 3449 14331 3113 7204 28097 -28097 1 SUN CITY FIRE DEPARTMENT 16602 N 99TH AVENUE SUN CITY AZ 85373 860409619 SUN CITY FIRE DEPT 30000 GENERAL OPERATING SUPPORT SUN CITY SHERIFF POSSE PO BOX 2229 SUN CITY AZ 85372 510178733 SUN CITY SHERIFF... 15000 GENERAL OPERATING SUPPORT 2 0 SCHOLARSHIPS 22 22642 PART I, LINE 2: THE ORGANIZATION SELECTS GRANT RECIPIENTS FROM THE LOCAL COMMUNITY WHO PROVIDE VALUABLE SERVICES THAT SUPPORT THE COMMUNITY AT LARGE AND THE ORGANIZATION ITSELF. ASIDE FROM CONFIRMING THE CHARITABLE/PUBLIC STATUS OF A RECIPIENT ORGANIZATION, ROYAL OAKS PROVIDES THE SUPPORT FOR GENERAL OPERATIONS AND DOES NOT MONITOR THE SPECIFIC USE OF THE FUNDS. AT THE CURRENT TIME, ONLY GOVERNMENTAL ENTITIES ARE SUPPORTED. DEPENDING ON THE PROGRAM THE INDIVIDUAL QUALIFIES FOR, SCHOLARSHIP FUNDS ARE EITHER SENT DIRECTLY TO THE SCHOOL OR PROVIDED TO THE RECIPIENT. X X X X 0 1 0 0 0 0 0 0 0 KENDRA EBERHART PRESIDENT & CEO 215250 0 50268 0 4642 0 52225 0 25013 0 347398 0 0 0 GRETCHEN COBB COO 157413 0 27048 0 5962 0 41977 0 24069 0 256469 0 0 0 DINA JO CAPEK DIRECTOR OF HEALTH SERVICES 140115 0 17771 0 7978 0 14799 0 16813 0 197476 0 0 0 PART I, LINE 4B THE CEO AND COO PARTICIPATED IN A 457(F) PLAN DURING THE YEAR. THE PLAN PROVIDES THE PARTICIPANT WITH SUPPLEMENTAL DEFERRED COMPENSATION, SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, TO ENCOURAGE CONTINUED EMPLOYMENT FOR A SIGNIFICANT PERIOD OF TIME. IN CALENDAR YEAR 2017, $34,225 WAS CONTRIBUTED FOR THE CEO AND $24,327 WAS CONTRIBUTED FOR THE COO. THESE AMOUNTS ARE INCLUDED IN PART II, COLUMN C AS OTHER DEFERRED COMPENSATION. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF GLENDALE ARIZONA 521767454 378287AP1 2016-08-03 39699349 CURRENT REFUNDING 0 0 0 A 610000 39699349 795329 38904020 2016 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART III, LINE 3 DURING THE FISCAL YEAR, ROYAL OAKS DISCONTINUED OPERATIONS OF THE CARILLONS WITHIN CACTUS SKY HOLDINGS, LLC. FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE CONSISTING OF THE OFFICERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE POWER TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE ALSO ANNUALLY EVALUATES THE PERFORMANCE OF THE PRESIDENT & CEO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE BOARD OF TRUSTEES AT A BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD ANNUALLY REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. COMMUNICATION WITH BOARD MEMBERS ENSURES THAT ALL CONFLICTS ARE DISCLOSED. IF A CONFLICT EXISTS, A BOARD MEMBER DISCLOSES SUCH CONFLICT, REFRAINS FROM VOTING, DOESN'T USE THEIR PERSONAL INFLUENCE ON THE MATTER, AND IS NOT COUNTED IN DETERMINING A QUORUM FOR THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT & CEO'S COMPENSATION IS REVIEWED BY AN INDEPENDENT COMPENSATION CONSULTANT AND APPROVED BY THE BOARD OF TRUSTEES. THE ORGANIZATION USES SEVERAL SOURCES, INCLUDING FORMS 990 OF OTHER ORGANIZATIONS AND INDUSTRY COMPENSATION STUDIES. REVIEWS ARE CONDUCTED ANNUALLY AND ARE DOCUMENTED IN EMPLOYEE FILES. OTHER OFFICER AND KEY EMPLOYEE COMPENSATION IS REVIEWED BY THE PRESIDENT & CEO AND THE DIRECTOR OF HUMAN RESOURCES. THE ORGANIZATION USES SEVERAL SOURCES TO DETERMINE COMPENSATION, INCLUDING INDEPENDENT COMPENSATION CONSULTANTS, FORMS 990 OF OTHER ORGANIZATIONS, AND INDUSTRY COMPENSATION STUDIES. REVIEWS ARE CONDUCTED ANNUALLY AND ARE DOCUMENTED IN EMPLOYEE FILES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 64,466. CACTUS SKY HOLDINGS LLC 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 810863279 REAL ESTATE AZ 2436494 10188413 PEOPLE OF FAITH PEOPLE OF FAITH FOUNDATION INC 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 942929146 SUPPORT PEOPLE OF FAITH AZ 501(C)(3) LINE 12A, I PEOPLE OF FAITH 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 PEOPLE OF FAITH FOUNDATION INC C 535255 CASH VALUE PEOPLE OF FAITH FOUNDATION INC O 132000 CASH VALUE PEOPLE OF FAITH FOUNDATION INC S 139910 CASH VALUE