2018-10-11T23:05:02-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2017-01-01 860265218 FRIENDSHIP RETIREMENT CORPORATION FRIE 6238473002 8611 N 67TH AVE GLENDALE AZ 85302 BARBARA FELICIANO CFO 6238473005 2018-10-10 1 CHAD KUNZE P00639380 6022662248 67.137.57.251 2018-10-10 19:25:55 US P EC3189C7AC1056453BAC62F7A955516EFF3E10A1 FC99DD87B5E9F2B90F32DBB532AB4495C58F9BCB 2017 2018-06-14 16:35:46Z GLENCROFT JOHN N WENZLAU 8611 N 67TH AVE GLENDALE AZ 85302 26432435 0 X WWW.GLENCROFT.COM X 1970 AZ THE MISSION OF GLENCROFT IS TO PROVIDE A BROAD CONTINUUM OF HIGH QUALITY SENIOR SERVICES IN A MANNER THAT DEMONSTRATES CHRISTIAN LOVE AND COMPASSION. 5 5 788 0 0 0 90796 416154 22085110 23900462 126010 120931 1448687 1619817 23750603 26057364 0 0 0 0 15094390 16748959 0 0 173307 9341877 10448115 24436267 27197074 -685664 -1139710 28544761 27505043 21509216 21124295 7035545 6380748 X OUR MISSION IS TO PROVIDE A BROAD CONTINUUM OF HIGH QUALITY SENIOR SERVICES IN A MANNER THAT DEMONSTRATES CHRISTIAN LOVE AND COMPASSION. 0 0 13621891 15160450 SKILLED NURSING - OUR 225-BED CARE CENTER, KNOWN AS PROVIDENCE PLACE, IS LOCATED NEAR THE ENTRY TO OUR CAMPUS. CERTIFIED TO ACCEPT BOTH MEDICARE AND MEDICAID (ALTCS), THE CARE CENTER CONSISTENTLY RECEIVES AN 'EXCELLENT' QUALITY RATING FROM THE DEPARTMENT OF HEALTH SERVICES AND ENJOYS A 5-STAR MEDICARE RATING. THE FOLLOWING CARE SERVICES ARE AVAILABLE: 24-HOUR SKILLED NURSING CARE, MEDICARE/SUBACUTE CARE UNIT, SHORT TERM, LONG TERM AND RESPITE CARE, COMFORT CARE, HOSPICE CARE IS AVAILABLE, RESTORATIVE NURSING, CONTRACTED WITH MOST MANAGED CARE INSURANCE PLANS, DAILY ACTIVITIES PROGRAM THAT INCLUDES OFF-CAMPUS TRIPS, COMPUTER FOR RESIDENT USE AND SOCIAL EVENTS AND ON-SITE CHAPLAINCY SERVICES AND VISITS.FOR POST-HOSPITAL REHABILIATION, YOU CAN FIND NO BETTER SKILLED NURSING FACILITY THAN OUR PROVIDENCE PLACE AT GLENCROFT CARE CENTER. OUR HOME-LIKE ENVIRONMENT HAS BEEN DESIGNED TO MAKE EVERYONE FEEL IMMEDIATELY COMFORTABLE AND ALLOW NEW RESIDENTS TO SETTLE QUICKLY IN ORDER TO LET THE HEALING BEGIN RIGHT AWAY. THERE IS A MULTIDISCIPLINARY TEAM OF HIGHLY SKILLED, DOCTORS, NURSES, REHABILITATION SPECIALISTS, AND SUPPORT PROFESSIONALS AVAILABLE TWENTY FOUR HOURS A DAY. THIS TEAM WORKS IN PARTNERSHIP WITH PHYSICIANS TO DEVELOP THE MOST COMPREHENSIVE AND OVERALL CARE PLAN POSSIBLE. ALONG WITH THIS TOP QUALITY PHYSICAL CARE, THERE ARE A VARIETY OF RECREATIONAL ACTIVITIES, SPIRITUAL EVENTS, AND SOCIAL PROGRAMS THAT ALSO PROVIDE THE HIGHEST LEVEL OF EMOTIONAL, MENTAL, AND SPIRITUAL SKILLED NURSING CARE POSSIBLE. 3703647 4730521 INDEPENDENT LIVING - THE CASITAS ARE ATTRACTIVE ONE AND TWO BEDROOM COURTYARD HOMES SITUATED IN EIGHT CHARMING COURTS SURROUNDING THE PERIMETER OF OUR 40-ACRE COMMUNITY. THESE LOVELY UNITS ARE EQUIPPED WITH REFRIGERATOR, RANGE, MICROWAVE, GARBAGE DISPOSAL, PERSONAL EMERGENCY RESPONSE SYSTEM, SMOKE DETECTOR, FIRE ALARM AND ASSIGNED COVERED PARKING. THERE IS A COMPLIMENTARY LAUNDRY ROOM AVAILABLE IN EACH COURT FOR YOUR USE AND CONVENIENCE. IN ADDITION, MOST UNITS ARE EQUIPPED WITH WASHER AND DRYER CONNECTIONS. TELEVISION, WATER, SEWER, TRASH REMOVAL AND USE OF ALL CAMPUS FACILITIES ARE COVERED IN YOUR MONTHLY RATES. IN ADDITION, MONTHLY RATES INCLUDE BUT ARE NOT LIMITED TO, ALL ADMINISTRATIVE EXPENSES, REPAIRS AND MAINTENANCE OF BUILDINGS AND GROUNDS, SECURITY, DEPRECIATION AND CAPITAL IMPROVEMENTS.THE CROSSINGS IS A CHARMING THREE-STORY BUILDING OFFERING CONDO-STYLE ONE AND TWO BEDROOM UNITS EQUIPPED WITH REFRIGERATOR, RANGE, MICROWAVE, GARBAGE DISPOSAL, PERSONAL EMERGENCY RESPONSE SYSTEM, SMOKE DETECTOR, FIRE ALARM, AND ASSIGNED COVERED PARKING. THERE ARE COMPLIMENTARY LAUNDRY ROOMS AVAILABLE ON EACH FLOOR FOR YOUR USE AND CONVENIENCE. IN ADDITION, MOST UNITS ARE EQUIPPED WITH WASHER AND DRYER CONNECTIONS. 3390331 4009491 ASSISTED LIVING - LICENSED FOR DIRECTED CARE ASSISTED LIVING, MANOR 1 PROVIDES QUALITY SUPPORT TO RESIDENTS NEEDING HELP THROUGHOUT THE COURSE OF THEIR DAY IN A SECURE SETTING. MANOR 1 ENHANCES QUALITY OF LIFE FOR EACH RESIDENT BY SUPPORTING THEM WITH AS LITTLE OR AS MUCH ASSISTANCE NEEDED, SO EACH RESIDENT CAN EXPERIENCE AS MUCH INDEPENDENCE AS POSSIBLE. FREEDOM FROM MEAL PREPARATION, LAUNDRY AND HOUSEKEEPING PROVIDES A LIVING STYLE THAT MAKES LIFE COMFORTABLE. THE VILLAS ARE NESTLED IN THE HEART OF OUR COMMUNITY AND ARE BEAUTIFULLY DESIGNED ONE BEDROOM EFFICIENCY SUITES. THESE LOVELY UNITS ARE EQUIPPED WITH REFRIGERATOR, RANGE, MICROWAVE, GARBAGE DISPOSAL, PERSONAL EMERGENCY RESPONSE SYSTEM, SMOKE DETECTOR, FIRE ALARM AND INDIVIDUALLY CONTROLLED THERMOSTAT. THERE IS AN ELEVATOR AND COIN OPERATED LAUNDRY ROOM CONVENIENTLY LOCATED IN THE VILLA COMPLEX FOR YOUR USE.LICENSED FOR PERSONAL CARE ASSISTED LIVING, MANOR 2 PROVIDES SUPPORT IN A SAFE ENVIRONMENT TO RESIDENTS NEEDING A LITTLE HELP DURING THE COURSE OF THEIR DAY. MANOR 2 IS FOR INDIVIDUALS WANTING TO ENHANCE THEIR QUALITY OF LIFE BY GAINING FREEDOM FROM MEAL PREPARATION, LAUNDRY AND HOUSEKEEPING. 20715869 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 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 0 0 0 1 34 0 788 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 1 1 1 0 1 1 1 1 1 1 1 0 1 0 0 AZ X BARBARA FELICIANO 6238473005 8611 N 67TH AVE GLENDALE AZ 85302 MARY F TEMM CHAIR 0.50 1.50 X X 0 0 0 DENISE M WASSENAAR - THRU 1117 VICE CHAIR 0.50 1.50 X X 0 0 0 JOHN A SMITH SECRETARY 0.20 0.60 X X 0 0 0 HAROLD LOEWEN TREASURER 0.50 1.50 X X 0 0 0 STEVEN N BASS - THRU 617 DIRECTOR 0.20 0.60 X 0 0 0 RICK DANFORD - THRU 617 DIRECTOR 0.50 1.50 X 0 0 0 VICKI DAVIS DIRECTOR 0.20 0.60 X 0 0 0 THOMAS KIMSEY - THRU 717 DIRECTOR 0.20 0.60 X 0 0 0 ARTURO MONTOYA DIRECTOR 0.20 0.60 X 0 0 0 ERIC HAYES - THRU 1117 DIRECTOR 0.20 0.60 X 0 0 0 JOHN N WENZLAU PRESIDENT & CEO 20.00 20.00 X 225972 0 1287 DAVID M SPIEGEL PAST CFO 20.00 20.00 X 74738 0 2756 MIKE MCCAMMOND CIO 20.00 20.00 X 110000 0 12191 RICHARD YOUNG COO 20.00 20.00 X 138371 0 33 BARBARA FELICIANO CURRENT CFO 20.00 20.00 X 0 0 0 MILISSA WATKINS CHS OFFICER 36.00 4.00 X 133417 0 8724 RONALD HARROLD VP OF SPECIAL PROJECTS 36.00 4.00 X 117188 0 21 SCOTT MCCLINTOCK CHIEF MARKETING OFFICER 36.00 4.00 X 112100 0 14630 911786 0 39642 6 0 1 0 PROFESSIONAL REPS DEVELOPMENT 750 COVEY LN 110 PHOENIX AZ 85024 FOODSERVICE EQUIPMENT SALES / SUPPORT 2083742 COVENANT ALLIANCE REHAB 28100 TORCH PARKWAY SUITE 600 WARRENVILLE IL 60555 REHABILITATION THERAPY SERVICES 504258 WILKES & MCHUGH 15333 N PIMA RD SUITE 300 SCOTTSDALE AZ 85260 LEGAL SERVICES 200000 OMNILINK SYSTEMS SIERRA WIRELESS 2738 LOKER AVE WEST SUITE A CARLSBAD CA 92010 IT SERVICES 157421 ARROW SECURITY 15410 N 67TH AVE 11 GLENDALE AZ 85306 SECURITY SERVICES 136721 8 381319 34835 416154 NURSING SERVICES 623000 17841380 17841380 RENTAL INCOME 623000 4436468 4436468 SERVICE FEES 900099 1006043 1006043 EARNED ENTRANCE FEES 623000 278085 278085 GLENCROFT AT HOME REVENUE 623000 225029 225029 113457 113457 23900462 93953 93953 269536 132513 0 375071 269536 -242558 26978 26978 FOOD SERVICE INCOME 900099 664728 664728 TELEPHONE, INTERNET AND TELEVISIO 900099 260812 260812 HOUSEKEEPING AND LAUNDRY SERVICES 900099 191442 191442 502835 502835 1619817 26057364 23900462 0 1740748 1486140 1380609 105531 12938586 11180069 1717526 40991 53733 45779 7954 1209413 1064996 142814 1603 1061087 827738 222150 11199 104354 104354 28000 28000 2112827 1298268 802459 12100 346901 346901 245243 41306 203435 502 1354009 927864 426043 102 16635 1134 15501 19874 4363 15511 732062 732062 2197216 1752908 444308 375335 316280 59055 DIETARY 1113933 1055262 57518 1153 MEDICAL AND OTHER SUPPL 931246 911281 19965 REPAIRS AND MAINTENANCE 371920 371700 220 LICENSES 197632 8168 189464 300928 176691 124111 126 27197074 20715869 6307898 173307 642968 1845236 10381357 6849069 1717966 2065142 44779 36909 107030 113771 42841206 27115464 15249537 15725742 174064 174064 227060 695110 28544761 27505043 2095375 2037141 1707892 1415762 12953289 12806384 96251 142571 600000 1350000 4056409 3372437 21509216 21124295 X 7035545 6380748 7035545 6380748 28544761 27505043 X -1139710 -160385 645298 X X 0 1 X 1 0 X 156428 546116 476568 90796 416154 1686062 18841970 18929432 20366541 22085110 23900462 104123515 18998398 19475548 20843109 22175906 24316616 105809577 149798 524447 674245 0 149798 524447 674245 105135332 76384 59412 42833 138815 93953 411397 76384 59412 42833 138815 93953 411397 267976 746421 1062638 1448687 1619817 5145539 19342758 20281381 21948580 23763408 26030386 111366513 0.94400 0.95390 0.00370 0.00400 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE REIMBURSEMENTS - 2013 AMOUNT: $ 267,976. 2015 AMOUNT: $ 186,781. SECURITY INCOME - 2014 AMOUNT: $ 246,650. 2015 AMOUNT: $ 275,390. GUEST ROOM INCOME - 2014 AMOUNT: $ 46,215. 2015 AMOUNT: $ 95,735. 2016 AMOUNT: $ 56,105. 2017 AMOUNT: $ 30,195. HOUSEKEEPING SERVICES - 2014 AMOUNT: $ 74,385. 2015 AMOUNT: $ 120,593. 2016 AMOUNT: $ 151,682. 2017 AMOUNT: $ 191,442. NEIGHBORHOOD NETWORK - 2014 AMOUNT: $ 51,021. 2015 AMOUNT: $ 51,469. TRANSPORTATION INCOME - 2014 AMOUNT: $ 122,966. 2015 AMOUNT: $ 110,599. 2016 AMOUNT: $ 82,109. 2017 AMOUNT: $ 57,112. CABLE TV INCOME - 2014 AMOUNT: $ 121,651. 2015 AMOUNT: $ 147,522. OTHER PERSONAL SERVICE REVENUE - 2014 AMOUNT: $ 83,533. 2015 AMOUNT: $ 74,549. 2017 AMOUNT: $ 142,493. FOOD SERVICE INCOME - 2016 AMOUNT: $ 437,587. 2017 AMOUNT: $ 664,728. TELEPHONE INTERNET AND TV INCOME - 2016 AMOUNT: $ 216,508. 2017 AMOUNT: $ 260,812. SURE RESPONSE - 2016 AMOUNT: $ 102,084. 2017 AMOUNT: $ 136,353. COMMUNITY FEE - 2016 AMOUNT: $ 137,370. 2017 AMOUNT: $ 136,682. FORGIVENESS OF DEBT - 2016 AMOUNT: $ 63,974. OTHER REVENUE - 2016 AMOUNT: $ 94,810. LEGAL SETTLEMENT - 2016 AMOUNT: $ 106,458. 0 1 X 99744 99744 38965111 25742152 13222959 3706518 1373312 2333206 69833 69833 15725742 ENTRANCE FEE DEPOSITS 3327550 CAPITAL LEASE OBLIGATIONS 44887 3372437 25896979 -160385 -160385 26057364 0 26057364 27197074 0 27197074 0 27197074 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS ESCROW ACCOUNTS FOR RESIDENT SECURITY DEPOSITS. X X X 1 0 0 0 0 0 0 0 0 JOHN N WENZLAU PRESIDENT & CEO 208752 0 0 0 17220 0 0 0 1287 0 227259 0 0 0 PART I, LINE 4A DAVID SPIEGEL RECEIVED A SEVERANCE PAYMENT OF $9,667 WHICH IS INCLUDED IN HIS OTHER TAXABLE COMPENSATION FIGURE. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF GLENDALE ARIZONA 521767454 378286HZ4 2016-08-17 20726618 REFINANCING OF CURRENT DEBT 0 0 0 A 300000 20726618 1271300 409200 13192055 5854063 2017 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PAGE 1, PART I, LINE (C), COLUMN (F) THE CAPITAL IMPROVEMENTS BENEFITTED FRIENDSHIP RETIREMENT CORPORATION, SARAH'S PLACE, INC., AND GLENCROFT TOWERS I, INC.. AS SUCH, A PORTION OF THE BOND DEBT LIABILITY HAS BEEN ALLOCATED TO THOSE ENTITIES ON THEIR RESPECTIVE FORMS 990, PART X, PAGE 11, LINE 20. THE PARENT ORGANIZATION HAS ELECTED TO FILE ALL APPLICABLE SCHEDULE K REPORTING ON ITS RETURN SO THERE IS NO SCHEDULE K REPORTING ON ANY RETURN EXCEPT THE PARENT ENTITY. SCHEDULE K, PAGE 1, PART II, LINE 11 THE OTHER SPENT PROCEEDS WERE USED TO REFUND A PRIOR ISSUANCE DATED 1/23/1997. FORM 990, PART VI, SECTION A, LINE 7A NEW BOARD MEMBERS, NOMINATED BY THE FRIENDSHIP RETIREMENT CORPORATION BOARD OF DIRECTORS, MUST BE APPROVED BY MENNONITE ALLIANCE HEALTH SERVICES (MHS). FORM 990, PART VI, SECTION A, LINE 7B NEW BOARD MEMBERS, NOMINATED BY THE FRIENDSHIP RETIREMENT CORPORATION BOARD OF DIRECTORS, MUST BE APPROVED BY MENNONITE ALLIANCE HEALTH SERVICES (MHS). MHS APPROVES THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE CEO, CFO, AND FINANCE COMMITTEE. THE FINAL DRAFT OF THE 990 IS SENT ELECTRONICALLY OR MAILED TO ALL BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS. BOARD MEMBERS HAVE A COMMENT PERIOD IN WHICH TO RESPOND WITH QUESTIONS OR CHANGES. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE BOARD CHAIR AND THE CEO DETERMINE IF THERE IS A CONFLICT OF INTEREST BASED ON CONFLICT OF INTEREST POLICY QUESTIONNAIRES GIVEN TO EACH BOARD MEMBER AT THE START OF THE BOARD YEAR. WHEN A CONFLICT ARISES, THAT PERSON IS RECUSED AND MAY BE ASKED TO LEAVE THE ROOM DURING THE DELIBERATIONS OF THE ISSUE. IT IS NOTED IN THE MINUTES WHEN A BOARD MEMBER HAS A CONFLICT AND HAS ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A SALARY SURVEYS OR INFORMATION FROM LEADINGAGE ARIZONA, LEADING AGE, AND MENNONITE HEALTH SERVICES ARE ALL USED BY THE INDEPENDENT MEMBERS OF THE BOARD TO DETERMINE THE COMPENSATION OF THE CEO. GOALS ARE MUTUALLY DETERMINED AND A BONUS IS BASED ON ACCOMPLISHING THE GOALS OVER THE NEXT YEAR. THE PRESIDENT / CEO WAS LAST EVALUATED BY THE BOARD OF DIRECTORS IN 2014 IN CORRESPONDENCE WITH A CHANGE IN PERSONNEL FOR THAT POSITION DURING 2014. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS MADE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS 645,298. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GLENCROFT TOWERS I INC 8611 N 67TH AVE GLENDALE AZ 85302 860861606 LOW INCOME HOUSING AZ 501(C)(3) LINE 11 FRIENDSHIP RETIREMENT CORPORATION 1 COLTER COMMONS INC 8611 N 67TH AVE GLENDALE AZ 85302 364662674 LOW-INCOME HOUSING AZ 501(C)(3) LINE 11 FRIENDSHIP RETIREMENT CORPORATION 1 SARAH'S PLACE INC 8611 N 67TH AVE GLENDALE AZ 85302 364654886 ASSISTED LIVING AZ 501(C)(3) LINE 11 FRIENDSHIP RETIREMENT CORPORATION 1 FRIENDSHIP FOUNDATION INC 8611 N 67TH AVE GLENDALE AZ 85302 860501985 FUNDRAISING AZ 501(C)(3) LINE 11 FRIENDSHIP RETIREMENT CORPORATION 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 FRIENDSHIP FOUNDATION C 381319 FMV