2018-10-31T11:28:43-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2017-01-01 232499121 WHITE HORSE VILLAGE INC WHIT 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 JENNIFER SCHILPP VP OF FINANCE 6105585000 2018-10-16 1 SETH BRODY CPA P01586423 2156433900 67.137.57.251 2018-10-16 11:28:13 ED P 2F542D77562765624DD25E3C4252385A52575023 839A7130264BF8A4AA8E0E9B35915F0C6C2A2968 2017 2019-02-21 02:37:17Z LEN WEISER 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 42892044 0 X WWW.WHITEHORSEVILLAGE.ORG X 1989 PA WE PROVIDE A FULL RANGE OF RETIREMENT LIFESTYLES ROOTED IN EXCELLENCE IN A VIBRANT COMMUNITY OF PEOPLE WHO CARE. 14 14 505 201 0 0 225097 300467 30971596 32561242 -188040 1408338 851891 1654052 31860544 35924099 0 0 0 0 13025100 13380689 0 0 0 16760971 18142830 29786071 31523519 2074473 4400580 103150882 110819382 112012251 113955234 -8861369 -3135852 WE PROVIDE A FULL RANGE OF RETIREMENT LIFESTYLES ROOTED IN EXCELLENCE IN A VIBRANT COMMUNITY OF PEOPLE WHO CARE. 0 0 24588347 33027272 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. 24588347 1 1 0 0 0 0 0 0 1 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 70 0 505 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JENNIFER K SCHILPP VP OF FINANCE 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 DANIEL F CROUGH DIRECTOR 1.00 X 0 0 0 PAMELA L HANSEN DIRECTOR 1.00 1.00 X 0 0 0 BRUCE D HOPPER MD DIRECTOR 1.00 1.00 X 0 0 0 LOUISE L HUMMEL DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL B MAGNAVITA TREASURER 1.00 X X 0 0 0 HELENA CIECHANOWSKI DIRECTOR 1.00 X 0 0 0 ELEANOR C SMITH DIRECTOR 1.00 1.00 X 0 0 0 SHIRLEY WEAVER VICE CHAIR/SECRETARY 1.00 X X 0 0 0 AMY CARPENTER CHAIR 1.00 X X 0 0 0 MELANIE GRAHAM DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL J HAMMOND DIRECTOR 1.00 X 0 0 0 CYNDI WALTERS DIRECTOR 1.00 X 0 0 0 ALBERT RAYMOND DIRECTOR 1.00 X 0 0 0 JOHN YOUNG DIRECTOR 1.00 X 0 0 0 DOUGLAS NAKAJIMA DIRECTOR-LEFT 5/2017 1.00 X 0 0 0 LAWRENCE SHANE DIRECTOR-LEFT 4/2017 1.00 X 0 0 0 MARY KATHRYN S BURKE PRESIDENT AND CEO 40.00 1.00 X 359955 0 18373 JENNIFER K SCHILPP VP FINANCE 40.00 1.00 X 227522 0 9037 MICHAEL A SCHEUREN VP ADMINISTRATION 40.00 X 159332 0 7610 ROBERT J HIGGINS VP PROPERTY & FACILITIES 40.00 X 158291 0 12407 DOROTHY L MALLON VP MARKETING/PR 40.00 X 147325 0 20958 TINA BOUKALIS VP RESIDENT SERVICES 40.00 X 144546 0 5189 MAX ROMULUS DIRECTOR OF IT 40.00 X 101686 0 5003 1298657 0 78577 31 0 1 0 JOHN MCALLISTER 129 BEECHWOOD ROAD NEWTOWN SQUARE PA 19073 CONTRACTOR 1194143 PAUL RISK CONSTRUCTION 11 W STATE ST QUARRYVILLE PA 17566 CONSTRUCTION 1050887 FLIK INTERNATIONAL CORP PO BOX 102289 ATLANTA GA 30368 DINING/HSKPG MGMT 884878 SYSCO PHILADELPHIA LLC 600 PACKER AVE PHILADELPHIA PA 19148 FOOD SERVICE 799285 HOME INSTEAD SENIOR CARE 600 N JACKSON ST SUITE 200 MEDIA PA 19063 IN HOME SENIOR CARE 682922 5 300467 300467 RESIDENT CARE FEES 623000 18204816 18204816 MEDICAL CARE FEES 623000 9173476 9173476 AMORT OF DEFERRED ENTRY FEE 623000 5182950 5182950 32561242 329956 329956 72825 0 72825 72825 72825 8046327 6967945 1078382 1078382 1078382 COMPANION REVENUE 812900 949377 949377 VIEW/OPTION CHARGE 812900 154000 154000 RENOVATION UPGRADES 811000 139874 139874 337976 312030 25946 1581227 35924099 33027272 0 2596360 614887 614887 10279005 8475858 1803147 137590 120737 16853 1566291 1229670 336621 782916 610674 172242 59777 46626 13151 69385 54120 15265 42250 32955 9295 194812 151953 42859 224422 175049 49373 4253335 3317602 935733 4305218 3358070 947148 15376 11993 3383 1862642 1452861 409781 5346473 4170249 1176224 309408 241338 68070 THERAPY 819933 639548 180385 LICENSES AND FEES 221338 172644 48694 418461 326400 92061 31523519 24588347 6935172 0 4792036 4872018 2286642 3604063 98062 94470 1208498 1376199 160252470 76056704 82667496 84195766 12098148 16676866 103150882 110819382 2421019 2958387 61665246 64932870 38476063 36932411 273371 265321 9176552 8866245 112012251 113955234 X -8861369 -3135852 -8861369 -3135852 103150882 110819382 X 4400580 479228 845709 X 0 1 X 1 0 X 166512 176813 227894 225097 300467 1096783 28301850 28679806 29664870 31386754 33027272 151060552 28468362 28856619 29892764 31611851 33327739 152157335 166512 176813 227894 225097 300467 1096783 0 166512 176813 227894 225097 300467 1096783 151060552 218249 429993 190046 236984 402781 1478053 218249 429993 190046 236984 402781 1478053 243125 270049 331681 371333 1115197 2331385 28929736 29556661 30414491 32220168 34845717 155966773 0.96850 0.97680 0.00950 0.00820 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2013 AMOUNT: $ 243,125. 2014 AMOUNT: $ 270,049. 2015 AMOUNT: $ 331,681. 2016 AMOUNT: $ 371,333. 2017 AMOUNT: $ 25,946. COMPANION REVENUE - 2017 AMOUNT: $ 949,377. RENOVATION UPGRADES - 2017 AMOUNT: $ 139,874. 0 1 X 3065545 3106075 582789 300467 6453942 2746822 109411 222054 225097 -212355 3065545 2821999 158916 -6199 227894 2746822 2269278 516447 213087 176813 2821999 1928173 68763 463931 191589 2269278 0.39010 0.00000 0.60990 0 1 1 6656012 6656012 136943633 65031542 71912091 15395443 10050118 5345325 1257382 975044 282338 84195766 INTEREST RATE SWAP 6034077 REFUNDABLE HEALTHCARE DEPOSITS 2832168 8866245 X 37249036 479228 845709 1324937 35924099 0 35924099 31523519 0 31523519 0 31523519 PART IV, LINE 2B: THE AMOUNT OF $265,321 IS THE REFUNDABLE DEPOSITS THE ORGANIZATION IS HOLDING FOR PROSPECTIVE RESIDENTS. 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 842,635. NET ASSETS RELEASED FROM RESTRICTIONS 3,074. X X X X 0 0 0 0 0 0 0 0 0 MARY KATHRYN S BURKE PRESIDENT AND CEO 306297 0 48815 0 4843 0 10581 0 7792 0 378328 0 0 0 JENNIFER K SCHILPP VP FINANCE 201141 0 24941 0 1440 0 6620 0 2417 0 236559 0 0 0 MICHAEL A SCHEUREN VP ADMINISTRATION 140379 0 16665 0 2288 0 4635 0 2975 0 166942 0 0 0 ROBERT J HIGGINS VP PROPERTY & FACILITIES 139761 0 18530 0 0 0 4615 0 7792 0 170698 0 0 0 DOROTHY L MALLON VP MARKETING/PR 129053 0 16620 0 1652 0 4487 0 16471 0 168283 0 0 0 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 1 4865000 4816113 40554 4190 4820256 2006 0 1 1 1 B 14400833 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 990 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, COMPENSATION REVIEWS ARE COMPLETED USING VARIOUS 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. 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 842,635. NET ASSETS RELEASED FROM RESTRICTIONS 3,074. WHITE HORSE VILLAGE ENDOWMENT INC 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 232738045 BENE. FUND PA 501(C)(3) LINE 12B, II WHITE HORSE VILLAGE INC 23-2499121 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 WHITE HORSE VILLAGE ENDOWMENT FUND C 300467 FAIR MARKET VALUE OF ASSETS