2018-11-02T07:05:56-05:00 2017-12-31 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2017-01-01 561152263 ARBOR ACRES UNITED METHODIST RETIREMENT COMMUNITY INC ARBO 3367247921 1240 ARBOR ROAD WINSTONSALEM NC 271041197 DAVID W MATTHEWS VICE PRESIDENT/CFO 3367247921 2018-11-02 1 AMY BIBBY P00445891 8282542254 12.25.12.224 2018-11-02 06:33:23 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3C4A73C7F70BFF54BAAC11A85090BDFB39FC8B01 2017 2019-02-21 02:37:17Z ANDREW APPLEGATE 1240 ARBOR ROAD WINSTONSALEM NC 271041197 34565600 0 X WWW.ARBORACRES.ORG X 1975 NC TO SERVE SENIOR ADULTS WHILE PROVIDING SECURITY, CONTENTMENT, AND LIFE WITH MEANING & PURPOSE. 28 28 541 189 85 0 2057346 3244878 28914297 30364789 50818 -30638 129945 141319 31152406 33720348 0 1683633 0 0 15775196 15685269 0 0 258402 15502950 15404534 31278146 32773436 -125740 946912 130257000 130540923 83722382 79644155 46534618 50896768 X ARBOR ACRES, AN AFFILIATE MINISTRY OF THE UNITED METHODIST CHURCH, SERVES SENIOR ADULTS THROUGH FACILITIES AND PROGRAMS THAT ENHANCE OPPORTUNITY FOR SECURITY, CONTENTMENT AND LIFE WITH MEANING AND PURPOSE. 0 0 29461594 1683633 30364789 ARBOR ACRES, A CONTINUING CARE RETIREMENT COMMUNITY (CCRC), PROVIDING A CONTINUUM OF INDEPENDENT LIVING FACILITIES WHICH INCLUDE FOUR MID-RISE RESIDENTIAL WINGS CONTAINING 124 UNITS (STUDIO, EFFICIENCY AND CONNECTING ROOM SUITES); 2 TWO-BEDROOM COURTYARD APARTMENTS; 6 ONE-BEDROOM AND 6 TWO-BEDROOM CLUSTER HOMES AND 128 HOUSES. IN ADDITION TO THE INDEPENDENT LIVING FACILITIES, ARBOR ACRES ALSO HAS 102 ADULT CARE HOME BEDS AND 83 NURSING CARE BEDS (LOCATED IN THE FITZGERALD HEALTH CENTER). AS OF DECEMBER 31, 2017, ARBOR ACRES SERVED 490 RESIDENTS IN THE ABOVE UNITS.ARBOR ACRES HOLDS MEMBERSHIPS WITH LEADING AGE (FORMERLY THE AMERICAN ASSOCIATION OF HOMES AND SERVICES FOR THE AGING) AND LEADING AGE NC (FORMERLY THE NORTH CAROLINA ASSOCIATION OF NON-PROFIT HOMES FOR THE AGING). THE FACILITY IS ACCREDITED THROUGH THE CONTINUING CARE ACCREDITATION COMMISSION.AN IMPORTANT COMPONENT OF FULFILLING ARBOR ACRES' MISSION IS THE PROVISION OF FINANCIAL ASSISTANCE SUPPORT TO ENABLE RESIDENTS TO RESIDE AT ARBOR ACRES WHO WOULD OTHERWISE BE UNABLE TO AFFORD TO DO SO. FOR THE YEAR ENDING DECEMBER 31, 2017, $1,683,633 OF FINANCIAL ASSISTANCE WAS PROVIDED TO RESIDENTS TO HELP THEM MAINTAIN RESIDENCY AT THE FACILITY.DURING 2017 THE FOLLOWING SPECIFIC ACCOMPLISHMENTS ENHANCED THE ABILITY TO SERVE RESIDENTS:1. MAINTAINED NEAR FULL OCCUPANCY OF ASSISTED LIVING, MEMORY CARE AND SKILLED NURSING LEVELS OF LICENSED CARE AND EXCEEDED 90% OCCUPANCY OF INDEPENDENT LIVING UNITS.2. SPONSORED AND FACILITATED PARTICIPATION OF RESIDENT EFFORTS IN COMMUNITY SERVICE PROJECTS TO INCLUDE SENIOR SERVICES' MEALS ON WHEELS PROGRAM, RONALD MCDONALD HOUSE LUMINARIES, TUTORING STUDENTS AT COOK ELEMENTARY SCHOOL, BACK TO SCHOOL SUPPLIES PROGRAM FOR COOK ELEMENTARY SCHOOL AND SOLES FOR SOULS SHOE DRIVE, ETC. 29461594 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 62 0 1 541 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X X DAVID W MATTHEWS VICE PRESIDENTCFO 3367247921 1240 ARBOR ROAD WINSTONSALEM NC 27104 DALE DEK DRISCOLL BOARD CHAIR 1.00 X X 0 0 0 SUSAN A SCHWARTZ CHAIR ELECT 1.00 X X 0 0 0 PAUL WILES TREASURER 1.00 X X 0 0 0 NANCY S CANNON SECRETARY 1.00 X X 0 0 0 WELBORN ALEXANDER BOARD MEMBER 1.00 X 0 0 0 ART BLOOM BOARD MEMBER 1.00 X 0 0 0 AMY EGLESTON BOARD MEMBER 1.00 X 0 0 0 DAVID HINTON BOARD MEMBER 1.00 X 0 0 0 DANNY NEWCOMB BOARD MEMBER 1.00 X 0 0 0 MARIAN DOUGLAS BOARD MEMBER 1.00 X 0 0 0 JAMES GALLAHER BOARD MEMBER 1.00 X 0 0 0 DREWERY NOSTITZ BOARD MEMBER 1.00 X 0 0 0 DR DUDLEY CHANDLER BOARD MEMBER 1.00 X 0 0 0 REV DR WILLIAM T MEDLIN III BOARD MEMBER 1.00 X 0 0 0 SCOTT GERDING BOARD MEMBER 1.00 X 0 0 0 ANITA OGBURN BOARD MEMBER 1.00 X 0 0 0 KAY JOHNSON-WARE BOARD MEMBER 1.00 X 0 0 0 RICHARD SPANGLER BOARD MEMBER 1.00 X 0 0 0 KATHY NELSON BOARD MEMBER 1.00 X 0 0 0 PAMELA BALL BOARD MEMBER 1.00 X 0 0 0 JAMES RUFFIN BOARD MEMBER 1.00 X 0 0 0 WILLIAM SAYERS BOARD MEMBER 1.00 X 0 0 0 J WILLIAM MCGUINN JR BOARD MEMBER 1.00 X 0 0 0 STEVEN REEDER BOARD MEMBER 1.00 X 0 0 0 JAMES A ROUSSEAU II BOARD MEMBER 1.00 X 0 0 0 LORY HUFFMAN BOARD MEMBER 1.00 X 0 0 0 FLORENCE CORPENING BOARD MEMBER 1.00 X 0 0 0 CINDY S GRAHAM BOARD MEMBER 1.00 X 0 0 0 CHARLES DUCKETT BOARD MEMBER-EX OFFICIO 1.00 X 0 0 0 MIKE BAILEY BOARD MEMBER-EX OFFICIO 1.00 X 0 0 0 BISHOP PAUL LELAND BOARD MEMBER-EX OFFICIO 1.00 X 0 0 0 ANDREW APPLEGATE CEO 40.00 X 229559 0 21618 KENNETH W BOYLES CFO 40.00 X 195968 0 24735 KATHY GWYN VP HEALTH SERVICES 40.00 X 153071 0 23063 KATRINA BODFORD CORPORATE SECRETARY 40.00 X 56449 0 11373 LYNN A ROSS DIRECTOR OF MARKETING 40.00 X 114558 0 13055 AMANDA CLEARY NURSE MANAGER 40.00 X 102399 0 6143 DAVID W MATTHEWS CONTROLLER 40.00 X 121808 0 15680 NANCY PEEBLES DEVELOPMENT DIRECTOR 40.00 X 101240 0 12134 1075052 0 127801 7 0 1 0 ICON BUILDERS LLC 2655 FOREST DR WINSTONSALEM NC 27104 CONSTRUCTION 1772775 US FOOD SERVICE 125 FORT MILL PKWY FORT MILL SC 29715 FOOD SERVICES 1502323 FRANK L BLUM CONSTRUCTION COMPANY 830 NE 25TH STREET WINSTONSALEM NC 27105 CONSTRUCTION 1216237 BWHAWKINS BUILDERS 3614 N LAKESHORE DRIVE CLEMMONS NC 27012 CONSTRUCTION 1134542 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 MANAGEMENT SERVICES 374986 18 3244878 3244878 RESIDENT FEES 623000 25374862 25374862 DEFERRED ENTRANCE FEES 623000 4967203 4967203 APPLICATION FEES 623000 22724 22724 30364789 752995 85 752910 16045 0 799678 16045 -799678 -783633 -783633 22003 23144 -1141 -1141 27827 22430 5397 5397 FOOD SERVICE REVENUE 900099 89903 89903 GUEST ROOM RENTAL 900099 47160 47160 137063 33720348 30364789 85 110596 1683633 1683633 715836 144169 571667 81015 81015 11545105 10614408 768567 162130 3343313 2918533 380911 43869 143229 143229 89201 89201 1445164 1225086 216349 3729 167299 167299 2506272 2112278 348702 45292 84571 84571 1530432 1448808 81624 22242 18803 3312 127 1588 1588 1164480 1164480 6459853 6459853 250196 250196 FOOD COST 1270493 1270493 MEDICAL SUPPLIES 214283 214283 BAD DEBT EXPENSE 30000 30000 MISCELLANEOUS 25231 19593 2383 3255 32773436 29461594 3053440 258402 2763325 1211053 783490 537606 333931 416986 360343 527214 155928551 63941676 95176482 91986875 30088289 35124910 751140 721694 0 14585 130257000 130540923 3335108 1544711 29797956 29770647 49554000 47533000 1035318 795797 83722382 79644155 X 36703160 40950163 2292358 2305026 7539100 7641579 46534618 50896768 130257000 130540923 X 946912 3182113 233125 X X 0 1 X 1 0 X 1474415 3934616 2524789 2057346 1561245 11552411 25689543 25644677 26761749 28914297 30364789 137375055 105957 418163 154839 153946 164890 997795 27269915 29997456 29441377 31125589 32090924 149925261 523547 967785 625373 536466 525323 3178494 0 523547 967785 625373 536466 525323 3178494 146746767 695945 675286 689978 755458 752995 3569662 695945 675286 689978 755458 752995 3569662 27965860 30672742 30131355 31881047 32843919 153494923 0.95600 0.95730 0.02330 0.02440 X 14074117 102479 1790797 600000 15367393 13719172 149629 797317 592001 14074117 13889622 455424 -59169 566705 13719172 13557947 121811 729268 519404 13889622 11783207 491275 1809160 525695 13557947 0.40180 0.49730 0.10090 0 0 2166825 2166825 131095136 51608741 79486395 11162076 7006365 4155711 11504514 5326570 6177944 91986875 REFUNDABLE DEPOSITS 53839 INTEREST RATE SWAP LIABILITY 741958 795797 X 35497527 3182113 -1683633 278699 1777179 33720348 0 33720348 31135377 -1683633 45574 -1638059 32773436 0 32773436 PART V, LINE 4: ARBOR ACRES CURRENTLY MAINTAINS A FINANCIAL ASSISTANCE PROGRAM AND POLICY FOR RESIDENTS HOLDING CONTINUING CARE RESIDENCY AGREEMENTS IN THE EVENT THE RESIDENT(S) SHOULD BECOME UNABLE TO PAY FOR SERVICES. THERE IS A BOARD DESIGNATED ASSISTANCE ENDOWMENT OF $6,174,705 AND A PERMANENT ASSISTANCE ENDOWMENT OF $7,141,479. THERE IS A SWIMMING POOL ENDOWMENT OF $500,000. PART X, LINE 2: ARBOR ACRES IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. ARBOR ACRES HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 22,430. SPECIAL EVENT EXPENSES 23,144. CHANGE IN INTEREST RATE SWAP 233,125. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 22,430. SPECIAL EVENT EXPENSES 23,144. 0 FINANCIAL ASSISTANCE PROVIDED TO RESIDENTS 25 1683633 FMV FINANCIAL ASSISTANCE TO RESIDENTS X 0 0 X X X X 0 0 0 0 0 0 0 0 0 ANDREW APPLEGATE CEO 225000 0 0 0 4559 0 3635 0 17983 0 251177 0 0 0 KENNETH W BOYLES CFO 173206 0 15000 0 7762 0 10902 0 13833 0 220703 0 0 0 KATHY GWYN VP HEALTH SERVICES 136578 0 9808 0 6685 0 9230 0 13833 0 176134 0 0 0 PART I, LINE 1A ARBOR ACRES PROVIDED FREE USE OF ON-CAMPUS RESIDENCE TO OUR NEW CEO WHILE HE WAS WAITING TO SELL HIS RESIDENCE IN MARYLAND. JANUARY 1, 2017 THROUGH AUGUST 5, 2017. VALUED AT $ 5,271. A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2010-06-10 28875000 CAPITAL EXPENDITURES 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 531309402 2016-12-15 13159000 REFUND SERIES 2007 ISSUE 0 0 0 A 1664872 28875000 594152 317532 26852670 1434774 2012 0 0 1 1 B 726000 13159000 13159000 2016 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 1 BB&T 10.000000000000 0 0 0 0 0 B 0 1 0 0 1 1 BB&T 16.000000000000 0 0 0 0 0 A 0 B 0 KIMBERLY SNOW FAMILY RELATIONSHIP WITH AN OFFICER 81015 COMPENSATION 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDED AN ELECTRONIC COPY OF THE FORM 990 TO ALL VOTING BOARD MEMBERS FOR PERSONAL REVIEW PRIOR TO A REGULARLY SCHEDULED BOARD MEETING. A QUESTION AND ANSWER PERIOD WAS HELD AT THE BOARD MEETING TO ADDRESS ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CERTIFICATION THAT THEY HAVE READ AND UNDERSTAND OUR POLICY. THEY ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OR RELATIONSHIPS. THESE CERTIFICATIONS ARE KEPT ON FILE AND ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF ALL OFFICERS, SENIOR MANAGERS, AND HIGHEST PAID EMPLOYEES IS ANNUALLY REVIEWED AND APPROVED BY AN INDEPENDANT COMPENSATION COMMITTEE OF CONSISTING OF THE BOARD CHAIR, CHAIR OF HUMAN RESOURCES, AND CHAIR OF THE FINANCE COMMITTEE. THE HUMAN RESOURCES ACCUMULATES COMPARATIVE DATA FROM 990'S OF COMPARABLE ORGANIZATIONS, LEADING AGE, AND OTHER WAGE SURVEYS TO COMPARE TO CURRENT COMPENSATION FOR REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, RECENT FILINGS OF THE FORM CAN BE FOUND ON WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. ANNUAL FINANCIAL STATEMENTS ARE PART OF THE ANNUAL DISCLOSURE STATEMENT MADE AVAILABLE THROUGH THE NC DEPARTMENT OF INSURANCE WEBSITE. THE ANNUAL AUDIT IS DISTRIBUTED TO RESIDENT COUNCIL AND MADE AVAILABLE TO ANY RESIDENT UPON REQUEST. PART VI, SECTION B, LINE 13: THE ORGANIZATION ADOPTED A WHISTLEBLOWER POLICY AFTER DECEMBER 31, 2017. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST RATE SWAP 233,125. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.