2018-05-14T10:50:47-04:00 2017-12-31 520783935 SMITH ELLIOTT KEARNS & COMPANY LLC 480 N POTOMAC ST HAGERSTOWN MD 21740 990 2017-01-01 520610464 FAHRNEY-KEEDY MEMORIAL HOME INC AKA FAHRNEY-KEEDY HOME AND VILLAGE FAHR 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 217131818 ANITA WADE TREASURER/CFO 3017336284 2018-05-11 true TIMOTHY E PETERS CPA P00957675 3017335020 2018-05-11 2017 2022-09-23 18:48:47Z STEPHEN COETZEE 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 14587972 false X WWW.FKHV.ORG X 1905 MD WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 101 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. 15 15 335 175 0 282548 434372 13342945 14123493 27999 11360 16573 4010 13670065 14573235 0 0 9022425 9093437 0 146618 5967223 5016537 14989648 14109974 -1319583 463261 21964168 22878327 9724641 9208903 12239527 13669424 X WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 101 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. false false 7104425 10735303 NURSING SERVICES TO PRIVATE PAY, MEDICARE, AND MEDICAID RESIDENTS. 972452 2135360 ASSISTED LIVING SERVICES. 453888 988590 INDEPENDENT LIVING SERVICES. 4216220 264240 ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, AND PROPERTY SERVICES. 4216220 264240 12746985 true true false false false false false false false true true false false true true true true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 28 0 true 335 true false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false MD X ANITA WADE 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 PAT LINTON CHAIR 0.50 X X 0 0 0 MARY ROSBOROUGH CHAIR 0.50 X X 0 0 0 DAVID ESWORTHY FORMER CHAIR 0.50 X X 0 0 0 JOHN MILLER VICE CHAIR 0.50 X X 0 0 0 ELLEN AMALFITANO DIRECTOR 0.50 X 0 0 0 CHARLES ANGLE DIRECTOR 0.50 X 0 0 0 JAMES BENEDICT DIRECTOR 0.50 X 0 0 0 ESTHER BOLEYN DIRECTOR 0.50 X 0 0 0 LESLIE HART DIRECTOR 0.50 X 0 0 0 MARK HERR DIRECTOR 0.50 X 0 0 0 KAY HOFFMAN DIRECTOR 0.50 X 0 0 0 DR HEATHER LORENZO DIRECTOR 0.50 X 0 0 0 WILLIAM MITCHELL DIRECTOR 0.50 X 0 0 0 RICHARD PRYOR DIRECTOR 0.50 X 0 0 0 DOROTHY STRAWSBURG DIRECTOR 0.50 X 0 0 0 LOYAL VANDERVEER DIRECTOR 0.50 X 0 0 0 STEPHEN COETZEE PRESIDENT/CE 40.00 X 147260 0 24052 CASSANDRA WEAVER EXECUTIVE DI 40.00 X 106965 0 31010 ANITA WADE TREASURER/CF 40.00 X 100958 0 8353 355183 63415 3 false true false 16540 417832 30470 434372 PATIENT SERVICE 623000 12870663 12870663 AMORTIZATION OF ENTRANCE FEES 623000 585326 585326 INDEPENDENT LIVING 623000 403264 403264 RESIDENT SERVICES 623000 264240 264240 14123493 17613 17613 4256 10509 -6253 -6253 -6253 8238 16540 4228 4010 4010 14573235 14123493 15370 X 433441 10227 377231 45983 17088 15721 1367 6893318 6539391 307668 46259 49808 44557 5251 1169443 1105970 54381 9092 530339 478904 44948 6487 21300 17131 4169 57642 57642 1522095 1410704 97665 13726 54041 12564 27706 13771 567140 527175 31344 8621 80151 80151 491085 478890 12195 62192 58184 3879 129 13666 12716 662 288 168922 160239 8683 864427 827293 37134 130484 123777 6707 PRESCRIPTION DRUGS 370723 370723 FOOD COSTS 305121 305026 95 REPAIRS & MAINTENANCE 201091 194218 6873 EMPLOYMENT EXPENSES 31590 4610 26980 74867 64686 9286 895 14109974 12746985 1216371 146618 294833 414476 312899 816610 186893 1380548 1068454 163410 172911 24956951 12613180 12811246 12343771 295471 333811 29537 32959 6676224 7508442 21964168 22878327 1024421 866680 3321577 3475751 3886816 4721987 1491827 144485 9724641 9208903 X 6635818 7385927 5603709 6283497 12239527 13669424 21964168 22878327 463261 966636 X false true X true true true X 2019761 593938 650694 282548 434372 3981313 12589414 12427803 12182673 13342945 14123493 64666328 13751 18331 23092 8238 63412 14609175 13035492 12851698 13648585 14566103 68711053 1387503 49537 101283 1538323 1387503 49537 101283 1538323 67172730 40843 41418 41788 34590 17613 176252 40843 41418 41788 34590 17613 176252 14650018 13076910 12893486 13683175 14583716 68887305 0.97510 0.97380 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 325008 30470 24060 12768 366770 970034 84362 729388 325008 995091 -25057 970034 914974 80117 995091 823636 91338 914974 1.00000 false false 355020 355020 20648719 10109708 10539011 2209103 1728081 481022 1744109 775391 968718 12343771 BENEFICIAL INTEREST IN TRUSTS 6283497 OPERATING RESERVE 1224945 7508442 CAPITAL LEASE 90789 LINE OF CREDIT 40500 LIFE CARE CREDITS 9555 ESTIMATED THIRD-PARTY SETTLEMENT 3641 144485 X 15523580 966636 -20519 946117 14577463 -4228 -4228 14573235 14093683 4228 4228 14089455 20519 20519 14109974 SCHEDULE D, PAGE 2, PART V, LINE 4 THE HOME HAS A BOARD DESIGNATED ENDOWMENT FUND. THE INCOME EARNED ON THE ENDOWMENT FUND, INCLUDING APPRECIATION, IS EXPENDABLE, FOR THE MAINTENANCE AND REPAIR OF THE HOME'S FACILITIES. ASC 958 PROVIDES GUIDANCE ON THE NET ASSET CLASSIFICATION OF ENDOWMENT FUNDS FOR A NOT-FOR-PROFIT ORGANIZATION THAT IS SUBJECT TO AN ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT OF 2006 (UPMIFA.) ASC 958 ALSO REQUIRES DISCLOSURES ABOUT AN ORGANIZATION'S BOARD DESIGNATED ENDOWMENT FUNDS, AND THAT THE ORGANIZATION IS SUBJECT TO UPMIFA UNDER STATE LAW. ENDOWMENT INVESTMENT AND SPENDING POLICY: THE HOME'S INVESTMENT POLICY IS TO PROVIDE A COMMON INVESTMENT VEHICLE, WHICH WILL GENERATE A STABLE AND CONTINUOUSLY GROWING INCOME STREAM TO SUPPORT OPERATIONS. THE OVERALL INVESTMENT GOAL IS TO PRESERVE THE PURCHASING POWER OF THE FUTURE STREAM OF ENDOWMENT PAYOUT FOR THOSE FUNDS. OTHER GOALS INCLUDE MAXIMIZING RETURN WITHIN REASONABLE AND PRUDENT LEVELS OF RISK AND MAXIMIZING THE VALUE OF THE ENDOWMENT WHILE MAINTAINING LIQUIDITY NEEDED TO SUPPORT SPENDING IN PROLONGED DOWN MARKETS. THE HOME SEEKS A RETURN ON INVESTMENT CONSISTENT WITH LEVELS OF INVESTMENT RISK THAT ARE PRUDENT AND REASONABLE GIVEN MEDIUM-TO-LONG-TERM CAPITAL MARKET CONDITIONS AND THE INVESTMENT OBJECTIVES. THE HOME HAS BEEN ENABLED BY THE BOARD OF DIRECTORS TO SPEND THE INTEREST AND DIVIDENDS DERIVED FROM THE ENDOWMENT FUND ON ITS REPAIRS AND MAINTENANCE COSTS. SCHEDULE D, PAGE 3, PART X THE HOME FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE HOME'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. THE HOME'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE AND LOCAL TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN -20,519 SCHEDULE D, PAGE 4, PART XI, LINE 4B DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B -4,228 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B 4,228 SCHEDULE D, PAGE 4, PART XII, LINE 4B PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN 20,519 GOLF TOURNAMENT 24778 16540 8238 3089 605 534 24778 16540 8238 3089 605 534 4228 4010 X false false false false false false false false false STEPHEN COETZEE PRESIDENT/CEO 147260 1414 22638 171312 X 1 30470 FMV false false false FORM 990 - ORGANIZATION'S MISSION WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 101 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. FORM 990, PAGE 2, PART III, LINE 4D ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, AND PROPERTY SERVICES. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD MEETS SEMI-MONTHLY AND THE 990 INFORMATION IS PROVIDED AT THEIR NEXT MEETING AFTER THE 990 IS RECEIVED. FORM 990, PAGE 6, PART VI, LINE 12C ALL ASSOCIATES ARE REQUIRED TO DISCLOSE TO THEIR SUPERVISOR/DEPARTMENT MANAGER/VICE PRESIDENT OF OPERATIONS ANY SITUATION WHICH MIGHT POSSIBLY CONSTITUTE A CONFLICT OF INTEREST. ANY SITUATION WHICH WOULD CREATE AN ACTUAL CONFLICT OF INTEREST OR THE APPEARANCE OF CONFLICT MUST BE AVOIDED. IF ANY SITUATION POSES DOUBT CONSULT WITH SUPERVISOR/DEPARTMENT MANAGER/VICE PRESIDENT OF OPERATIONS. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AND SUBMITTED IN A LETTER BY THE PRESIDENT OF THE BOARD OF DIRECTORS TO THE ACCOUNTING DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE ACCOUNTING OFFICE AND THE CEO'S OFFICE. FORM 990, PART IX, LINE 11G OCCUPATIONAL THERAPY 497,272 0 0 PHYSICAL THERAPY 577,874 0 0 SPEECH THERAPY 83,439 0 0 LAB CHARGES 42,676 0 0 OTHER FEES FOR SERVICES 209,443 97,665 13,726 TOTAL 1,410,704 97,665 13,726 FORM 990, PART XI, LINE 9 PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN -20,519 DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B 4,228 DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B -4,228 PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN 20,519