2018-05-15T13:33:32-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2016-07-01 223876595 LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION LIBE 8142381949 260 LIONS HILL ROAD STATE COLLEGE PA 16803 JOHN M BARNUM CFO/SENIOR VICE PRESIDENT 8142381949 2018-05-14 1 VICKI RAIVITCH CPA P02060731 2156433900 2016 2022-09-23 18:48:47Z THE VILLAGE AT PENN STATE JOHN M BARNUM 7002 BUTLER PIKE AMBLER PA 19002 11342748 0 9386 X WWW.VILLAGEATPENNSTATE.ORG X 2002 PA TO PROVIDE HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS IN A CONTINUING CARE RETIREMENT COMMUNITY. 12 11 224 38 0 0 24014 17311 10624399 11225261 5073 7822 109084 92354 10762570 11342748 0 0 0 0 4258547 4662959 0 0 175000 6529294 7165238 10787841 11828197 -25271 -485449 47628139 47582505 49847325 48836790 -2219186 -1254285 TO PROVIDE HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS IN A CONTINUING CARE RETIREMENT COMMUNITY. 0 0 7466016 11225261 LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION IS A NONPROFIT 501(C)(3) ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING PERSONAL CARE, NURSING AND OTHER RELATED SERVICES TO SENIORS IN A FACILITY THAT INCLUDES 150 INDEPENDENT LIVING UNITS, 12 PERSONAL CARE BEDS AND 36 SKILLED CARE BEDS. 7466016 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 224 1 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 1 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 PA X JOHN M BARNUM CFOSENIOR VICE PRE 2674647700 7002 BUTLER PIKE AMBLER PA 19002 BEVERLY COLLER BOARD CHAIR 0.50 X X 0 0 0 NEVIN MANN VICE CHAIR 0.50 4.00 X X 0 0 0 STEVE LYNN BOARD SECRETARY 0.50 X X 0 0 0 JOHN RHODES BOARD TREASURER 0.50 X X 0 0 0 FRANK ROTH BOARD MEMBER 0.50 0.50 X 0 0 0 CHICK KING BOARD MEMBER 0.50 X 0 0 0 MARTY SLIWINSKI BOARD MEMBER 0.50 X 0 0 0 SALLY WILLIAMS BOARD MEMBER 0.50 X 0 0 0 BEVERLY BORTZ BOARD MEMBER 0.50 4.50 X 0 0 0 NANCY SILVIS BOARD MEMBER 0.50 X 0 0 0 NANCY WILLIAMS BOARD MEMBER 0.50 X 0 0 0 LUANNE FISHER CEO/PRESIDENT 4.50 37.50 X X 0 400731 36693 JOHN BARNUM CFO/SENIOR VP 0.50 37.50 X 0 259308 20803 JOAN MYERS COO/SENIOR VP 0.50 37.50 X 0 197738 33690 ELLEN CORBIN EXECUTIVE DIRECTOR 37.50 X 0 112346 6096 0 970123 97282 0 0 1 0 WARFEL CONSTRUCTION COMPANY 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 CONSTRUCTION 2673442 GENESIS ELDERCARE REHAB SERVICES PO BOX 821232 PHILADELPHIA PA 19182 THERAPY 247454 2 17311 17311 RESIDENTIAL FACILITY SERVICE CHAR 623000 6886047 6886047 AMORTIZATION OF DEFERRED ENTRANCE 623000 2006381 2006381 NURSING FACILITY SERVICE CHARGES 623000 1829868 1829868 PERSONAL CARE FACILITY SERVICE CH 623000 502965 502965 11225261 7822 7822 OTHER REVENUE 623000 92354 92354 92354 11342748 11225261 0 100176 3497274 3415469 81805 85280 83232 2048 828798 787585 41213 251607 246125 5482 1249957 1074957 175000 4662 4662 22373 22373 543400 497432 45968 171217 171217 518004 320679 197325 63173 63173 1235695 1217777 17918 2721 2640 81 5339 3047 2292 503824 503824 1984701 1984701 123089 123089 FOOD 527676 527676 MEDICAL SUPPLIES 122737 122737 NURSING HOME ASSESSMENT 70400 70400 BAD DEBT 16270 16270 11828197 7466016 4187181 175000 2849439 3471341 2189121 861645 50089 53381 273969 282947 48218371 7702616 41219006 40515755 1046515 2397436 47628139 47582505 927297 760199 11153709 12474543 288600 303800 15459783 14919295 22017936 20378953 49847325 48836790 X -3444532 -2751102 1225346 1496817 -2219186 -1254285 47628139 47582505 X -485449 1450350 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 45631337 7170347 38460990 1365354 532269 833085 1221680 1221680 40515755 INTEREST IN NET ASSETS OF FOUNDATION 1496817 DUE FROM AFFILIATES 900619 2397436 DUE TO AFFILIATES 8964027 REFUNDABLE ENTRANCE FEES 9815954 OBLIGATION TO FUTURE SERVICES 1598972 20378953 X 12793098 1450350 1450350 11342748 0 11342748 11828197 0 11828197 0 11828197 PART IV, LINE 2B: DEPOSITS FROM PROSPECTIVE RESIDENTS CONSIST OF ENTRANCE FEE DEPOSITS. ENTRANCE FEE DEPOSITS ARE RECEIVED FROM PROSPECTIVE RESIDENTS WHO INTEND TO MOVE INTO A UNIT. ENTRANCE FEE DEPOSITS GENERALLY REPRESENT 10% OF THE TOTAL ENTRANCE FEE FOR THE UNIT SELECTED. THE DEPOSIT FUNDS ARE APPLIED AGAINST THE TOTAL ENTRANCE FEE UPON OCCUPANCY. PART X, LINE 2: THE VILLAGE IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE VILLAGE IS ALSO EXEMPT FROM STATE INCOME TAX. THE VILLAGE FOLLOWS PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE VILLAGE'S FINANCIAL STATEMENTS. THE VILLAGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN NET ASSETS OF FOUNDATION 450,350. CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES 1,000,000. 0 0 0 0 0 0 0 1 0 LUANNE FISHER CEO/PRESIDENT 0 388586 0 5000 0 7145 0 10600 0 26093 0 437424 0 0 JOHN BARNUM CFO/SENIOR VP 0 239308 0 20000 0 0 0 10372 0 10431 0 280111 0 0 JOAN MYERS COO/SENIOR VP 0 197738 0 0 0 0 0 7910 0 25780 0 231428 0 0 PART I, LINE 7 DISCRETIONARY BONUSES WERE PAID. SCHEDULE J, PART III COMPENSATION POLICY OF RELATED ORGANIZATION: ALL TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES ARE THE EMPLOYEES OF ITS PARENT ORGANIZATION. THE FOLLOWING POLICIES ARE APPLIED TO THE PARENT AND ITS AFFILIATES: THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL REVIEW AND COMPENSATION OF THE CEO. THE CFO AND EXECUTIVE DIRECTORS ARE REVIEWED ANNUALLY BY THE CEO, WITH COMPARABLE SALARY SURVEYS. THE LAST COMPARABLE SALARY SURVEY WAS DONE IN 2017. THE CEO REPORTS THE ANNUAL EXECUTIVE SALARY TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE MEMBER. THE SOLE MEMBER SHALL BE LIBERTY LUTHERAN SERVICES. FORM 990, PART VI, SECTION A, LINE 7B THE APPROVAL OF THE MEMBER SHALL BE REQUIRED FOR ANY OF THE FOLLOWING ACTIONS BY THE CORPORATION:ANY MERGER, DISSOLUTION, OR LIQUIDATION OF THE CORPORATION; ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; THE SALE, PLEDGE, LEASE (BUT ONLY A LEASE FROM THE CORPORATION OF SUBSTANTIALLY ALL OF THE CORPORATION'S REAL PROPERTY), OR OTHER TRANSFER OF THE ASSETS OF THE CORPORATION OTHER THAN TRANSACTION OCCURRING IN THE ORDINARY COURSE OF BUSINESS; THE ADOPTION OF THE CORPORATION'S ANNUAL CAPITAL AND OPERATING BUDGETS; THE ISSUANCE OR ASSUMPTION OF ANY INDEBTEDNESS IN EXCESS OF FIFTY THOUSAND DOLLARS ($50,000) BY THE CORPORATION; THE EXECUTION OF ANY CONTRACT PROVIDING FOR THE MANAGEMENT OF THE CORPORATION; AND ANY MATERIAL CHANGE TO THE BUSINESS OR PROGRAMS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WILL BE CONDUCTED BY THE GOVERNING BOARD IN ADVANCE OF FILING THE FORM 990. ALL 990'S ARE MADE AVAILABLE TO THE BOARD AFTER FILING. HOWEVER, THE FINAL FORM 990 IS REVIEWED IN DETAIL FOR ACCURACY AND SIGNED BY THE CHIEF FINANCIAL OFFICER OF LIBERTY LUTHERAN SERVICES (PARENT ORGANIZATION). FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD AND SENIOR LEVEL STAFF. THEY ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE. THE CORPORATE COMPLIANCE OFFICER REVIEWS ALL POTENTAIL STAFF CONFLICTS. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS ALL BOARD CONFLICTS. WHEN A CONFLICT OF INTEREST ARISES, THE BOARD SHALL PERMIT THE INTERESTED PERSON TO MAKE A PRESENTATION AT THE BOARD MEETING AND AFTER THE PRESENTATION, THE INTERESTED PERSON LEAVES AND THE BOARD VOTES ON AN ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. IF APPROPRIATE, A NON-INTERESTED PERSON OR COMMITTEE INVESTIGATES ALTERNATIVES TO THE PROPOSED ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD WILL DETERMINE IF A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS ARRANGEMENT IS NOT ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD WILL DETERMINE BY MAJORITY VOTE THAT THE ARRANGEMENT IN THE CORPORATION'S BEST INTEREST AND FOR ITS BENEFIT, AND/OR IF IT IS REASONABLE AND FAIR TO THE CORPORATION. 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 INTEREST IN NET ASSETS OF FOUNDATION 450,350. CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES 1,000,000. LIBERTY LUTHERAN SERVICES (SOLE MEMBER) 7002 BUTLER PIKE AMBLER PA 19002 233059658 TO PROVIDE TAX EXEMPT SUBSIDIARIES WITH MANAGEMENT AND ADMIN. SERVICES PA 501(C)(3) LINE 1 N/A 0 LIBERTY COMMUNITY SERVICES 7002 BUTLER PIKE AMBLER PA 19002 203630505 TO PROVIDE VARIOUS SERVICES TO SENIORS IN THEIR HOMES PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 0 LIBERTY LUTHERAN FOUNDATION 7002 BUTLER PIKE AMBLER PA 19002 232665839 TO IMPLEMENT AND ADMINISTER FUNDRAISING ACTIVITIES FOR THE AFFILIATES PA 501(C)(3) LINE 12A, I LIBERTY LUTHERAN SERVICES 0 LUTHERAN CHILDREN AND FAMILY SERVICES OF EASTERN PA 7002 BUTLER PIKE AMBLER PA 19002 231696007 TO PROVIDE SERVICES TO SENIORS THROUGH PROGRAMS PA 501(C)(3) LINE 7 LIBERTY LUTHERAN SERVICES 0 MARY J DREXEL HOME DBA THE HEARTH AT DREXEL 238 BELMONT AVENUE BALA CYNWYD PA 19004 230536370 ASST. LIVING, TO PROVIDE HOUSING, ASST. LIVING & OTHER RELATED SERVICES PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 0 PAUL'S RUN 9896 BUSTLETON AVENUE PHILADELPHIA PA 19115 232053395 CCRC, TO PROVIDE HOUSING, NURSING, AND OTHER SERVICES TO SENIORS PA 501(C)(3) LINE 10 LIBERTY LUTHERAN SERVICES 0 LUTHERAN CONGREGATIONAL SERVICES 7002 BUTLER PIKE AMBLER PA 19002 231894019 TO PROVIDE DISASTER RESPONSE AND COMMUNITY OUTREACH PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 0 ARTMAN HOME 250 NORTH BETHLEHEM PIKE AMBLER PA 19002 231401548 CCRC, TO PROVIDE HOUSING, NURSING, AND OTHER SERVICES TO SENIORS PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1