2017-12-18T11:47:16-06:00 2017-02-28 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2016-03-01 860410807 PEOPLE OF FAITH INC PEOP 6239332807 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 A CARTER SMITHERMAN CFO 6239332807 2017-12-12 1 CHAD KUNZE P00639380 6022662248 67.137.57.251 2017-12-12 17:04:11 PS P 4FBFF73567ACF67D8EFD34054A325778DB36EB14 E49AB45AF12B1BB25434C7612008407C4465D4D7 2016 2018-03-14 21:41:22Z ROYAL OAKS KENDRA EBERHART 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 93776897 0 X WWW.ROYALOAKS.COM X 1983 AZ PROVIDE HOUSING THAT PROMOTES COMFORT, SECURITY, INDEPENDENCE & LIFE SATISFACTION FOR RESIDENTS. 13 12 532 312 0 0 913813 645580 24629751 25999186 2619707 4486407 683075 443961 28846346 31575134 35000 64809 0 0 14564451 14431616 0 0 0 13043107 13520869 27642558 28017294 1203788 3557840 127824734 139531714 89089295 91790445 38735439 47741269 X TO PROVIDE THE HOUSING AND AMENITIES THAT PROMOTE A HIGH DEGREE OF COMFORT, SECURITY, INDEPENDENCE AND LIFE SATISFACTION FOR OUR RESIDENTS AND FUTURE RESEIDENTS. 1 0 23520313 64809 25999186 DURING THE FISCAL YEAR ENDED FEBRUARY 28, 2017, ROYAL OAKS PROVIDED LIFE CARE SERVICES TO APPROXIMATELY 625 RESIDENTS ON A 38-ACRE CAMPUS CONSISTING OF 360 RESIDENTIAL HOMES AND APARTMENTS, 59 ASSISTED LIVING HOMES, A 56-UNIT MEMORY CARE FACILITY, AND A 60-BED SKILLED HEALTHCARE CENTER. 23520313 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 0 1 131 0 532 1 0 0 0 0 0 1 1 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AZ X A CARTER SMITHERMAN 6239332807 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 RICHARD HERMANN CHAIR (THROUGH APRIL 2016) 1.00 0.00 X X 0 0 0 CAROL BRYAN VICE CHAIR & CHAIR 1.00 0.00 X X 0 0 0 JANIS RYAN VICE CHAIR (THROUGH APRIL 2016) 1.00 0.00 X X 0 0 0 DICK JORGENSON TRUSTEE & VICE CHAIR 1.00 0.00 X X 0 0 0 MARY LOU ROOF TRUSTEE & VICE CHAIR 1.00 0.00 X X 0 0 0 KATHRYN VEGSO SECRETARY (THROUGH APRIL 2016) 1.00 0.00 X X 0 0 0 DENNIS VINCENT SECRETARY 1.00 0.00 X X 0 0 0 WILLIAM SCHLOFMAN TREASURER 1.00 0.00 X X 0 0 0 GARY BENSON TRUSTEE 1.00 0.00 X 0 0 0 KAREN BOUGNEIT TRUSTEE 1.00 0.00 X 0 0 0 DAN BRUSNAHAN TRUSTEE 1.00 0.00 X 0 0 0 MIKE CHAMBERS TRUSTEE 1.00 0.00 X 0 0 0 BOB GEHRKE TRUSTEE (THROUGH NOV 2016) 1.00 0.00 X 0 0 0 MARY BETH JOUBLANC TRUSTEE 1.00 0.00 X 0 0 0 WILL RICHARD TRUSTEE 1.00 0.00 X 0 0 0 ERIC SHOLBERG TRUSTEE 1.00 0.00 X 0 0 0 MARK WOODFIELD TRUSTEE 1.00 0.00 X 0 0 0 KENDRA EBERHART PRESIDENT & CEO 39.00 1.00 X 269599 0 91467 A CARTER SMITHERMAN CFO 39.00 1.00 X 128112 0 19426 GRETCHEN COBB COO 40.00 0.00 X 182749 0 71549 DINA JO CAPEK DIRECTOR OF HEALTH SERVICES 40.00 0.00 X 155933 0 40053 JANET ADAMS DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 117533 0 25670 VICKI ULLERY MARKETING & COMMUNITY RELATIONS DIR. 40.00 0.00 X 100445 0 26228 CAREY ALTGILBERS INFORMATION TECHNOLOGY DIRECTOR 40.00 0.00 X 100614 0 19886 1054985 0 294279 7 0 1 0 COMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD COMMODITIES AND SERVICES 3010136 MAYFAIR FLOORS 3120 W CAREFREE HIGHWAYSUITE B5 PHOENIX AZ 85086 FLOORING PRODUCTS AND INSTALLATION 521996 INDUSTRIAL ELECTRIC 1050 N FAIRWAY DRIVE BLDG I SUITE AVONDALE AZ 85323 OUTDOOR LANTERN LIGHT POLES 397167 BC ZIEGLER & COMPANY 8501 N SCOTTSDALE RD SUITE 250 SCOTTSDALE AZ 85253 DEBT ISSUE UNDERWRITING 369209 INSIGHT PO BOX 731069 DALLAS TX 75373 IT EQUIPMENT & SERVICES 259806 7 66237 514427 64916 645580 RESIDENT REVENUES 623000 19297165 19297165 ENTRANCE FEES 623000 6702021 6702021 25999186 1623569 1623569 69290 0 69290 69290 69290 65042644 62179806 2862838 2862838 2862838 0 66237 21957 -21957 -21957 MEALS 721000 358041 358041 RESIDENT AMENITIES 900099 337756 337756 MISCELLANEOUS INCOME 900099 45290 45290 -344459 -344459 396628 31575134 25999186 0 4930368 35000 35000 29809 29809 762902 648467 114435 10940816 9299694 1641122 200908 170772 30136 1607751 1368478 239273 919239 781353 137886 58000 58000 89030 89030 334653 334653 1215449 1017488 197961 232658 116329 116329 659516 480315 179201 273327 1419 271908 1998412 1862512 135900 44598 44598 103435 5172 98263 858077 858077 4606576 4376247 230329 467954 159431 308523 FOOD 2272411 2158790 113621 MEDICAL SUPPLIES 121827 121827 DUES & SUBSCRIPTIONS 69686 2448 67238 TAXES 43094 43094 72166 26685 45481 28017294 23520313 4496981 0 3649135 1912795 7308668 7489625 115458 1663965 182674 233342 822602 687956 120644328 55567174 55090461 65077154 60655736 61597310 814087 0 55480 127824734 139531714 2418575 2225099 45855722 48783051 39545000 38800440 824670 1269998 1157185 89089295 91790445 X 34830788 43199541 3904651 4541728 38735439 47741269 127824734 139531714 X 3557840 5498391 -50401 X 0 1 X 1 0 X 684664 727642 1046989 913813 645580 4018688 22161992 22708021 24280374 24504919 25999186 119654492 444162 589515 583698 700142 695797 3013314 23290818 24025178 25911061 26118874 27340563 126686494 156963 186019 135397 178188 379441 1036008 0 156963 186019 135397 178188 379441 1036008 125650486 1582714 1958479 1716273 1674319 1692859 8624644 1582714 1958479 1716273 1674319 1692859 8624644 45290 45290 24873532 25983657 27627334 27793193 29078712 135356428 0.92830 0.92840 0.06370 0.06440 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 9026572 9026572 93456736 45756050 47700686 3431069 3431069 14364833 9811124 4553709 365118 365118 65077154 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 1157185 1157185 X 30904431 470187 470187 30434244 1140890 1140890 31575134 27239764 21957 21957 27217807 799487 799487 28017294 PART IV, LINE 2B: APPLICATION FEES CONSIST OF DEPOSITS BY INDIVIDUALS WHO HAVE BEEN PLACED ON A PRIORITY LIST FOR A RESIDENT UNIT AND ARE FULLY REFUNDABLE. CUSTOMER DEPOSITS CONSIST OF A ONE MONTH DEPOSIT FOR RESIDENTS THAT ARE ADMITTED TO ASSISTED LIVING WITHOUT A LIFE CARE CONTRACT. THE DEPOSIT IS FULLY REFUNDED BY MOVE OUT OR DEATH OF THE RESIDENT. A MINIMUM DEPOSIT OF 10% OF THE TOTAL ENTRANCE FEE IS REQUIRED BEFORE AN INDEPENDENT UNIT IS CONSIDERED RESERVED. PRIOR TO OCCUPANCY, APPLICANTS WHO SIGN LIFE CARE CONTRACTS MAY, UPON CANCELLATION WITHIN A RESCISSION PERIOD, CANCEL THEIR CONTRACT AND RECEIVE A REFUND OF THEIR DEPOSIT. IF AN APPLICANT DIES OR BECOMES DISABLED PRIOR TO OCCUPYING THE UNIT, OR IF A PROSPECTIVE RESIDENT'S APPLICATION IS DENIED, ALL FUNDS DEPOSITED WILL BE REFUNDED. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE ORGANIZATION'S INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNDERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 103,771. LOSS ON REFINANCING OF LONG-TERM DEBT 344,459. FUNDRAISING EVENT EXPENSES 21,957. PART XI, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT FUND REVENUES 441,690. CACTUS SKY LLC REVENUES 648,799. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 50,401. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 21,957. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT FUND EXPENSES 103,771. CACTUS SKY LLC EXPENSES 695,716. DINNER 66237 66237 21957 66237 66237 21957 21957 -21957 1 SUN CITY FIRE DEPARTMENT 16602 N 99TH AVENUE SUN CITY AZ 85373 860409619 SUN CITY FIRE DEPT 25000 GENERAL OPERATING SUPPORT SUN CITY SHERIFF POSSE PO BOX 2229 SUN CITY AZ 85372 510178733 SUN CITY SHERIFF... 10000 GENERAL OPERATING SUPPORT 2 0 SCHOLARSHIPS 26 29809 PART I, LINE 2: THE ORGANIZATION SELECTS GRANT RECIPIENTS FROM THE LOCAL COMMUNITY WHO PROVIDE VALUABLE SERVICES THAT SUPPORT THE COMMUNITY AT LARGE AND THE ORGANIZATION ITSELF. ASIDE FROM CONFIRMING THE CHARITABLE/PUBLIC STATUS OF A RECIPIENT ORGANIZATION, ROYAL OAKS PROVIDES THE SUPPORT FOR GENERAL OPERATIONS AND DOES NOT MONITOR THE SPECIFIC USE OF THE FUNDS. AT THE CURRENT TIME, ONLY GOVERNMENTAL ENTITIES ARE SUPPORTED. DEPENDING ON THE PROGRAM THE INDIVIDUAL QUALIFIES FOR, SCHOLARSHIP FUNDS ARE EITHER SENT DIRECTLY TO THE SCHOOL OR PROVIDED TO THE RECIPIENT. X X X X 0 1 0 0 0 0 0 1 0 KENDRA EBERHART PRESIDENT & CEO 226917 0 39937 0 2745 0 54180 0 37287 0 361066 0 0 0 GRETCHEN COBB COO 161907 0 19038 0 1804 0 38336 0 33213 0 254298 0 0 0 DINA JO CAPEK DIRECTOR OF HEALTH SERVICES 142208 0 11844 0 1881 0 14162 0 25891 0 195986 0 0 0 PART I, LINE 3 THE PRESIDENT & CEO AND COO PARTICIPATED IN A 457(F) PLAN DURING THE YEAR. THE PLAN PROVIDES THE PARTICIPANT WITH SUPPLEMENTAL DEFERRED COMPENSATION, SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, TO ENCOURAGE CONTINUED EMPLOYMENT FOR A SIGNIFICANT PERIOD OF TIME. THE AMOUNT CONTRIBUTED IN CALENDAR YEAR 2016 WAS $52,874 AND IS INCLUDED IN PART II, COLUMN C AS OTHER DEFERRED COMPENSATION. PART I, LINE 7 SENIOR MANAGEMENT EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN AN ANNUAL INCENTIVE PLAN. IN ORDER TO BE ELIGIBLE FOR A PAYMENT UNDER THE PLAN, ALL OF THE FOLLOWING CRITERIA MUST BE MET: (A) MUST BE EMPLOYED BY ROYAL OAKS ON THE LAST DAY OF THE PLAN YEAR, (B) MUST HAVE MEET SPECIFIC PERFORMANCE GOALS, AND (C) ROYAL OAKS MUST HAVE HAD A NET PROFIT AFTER PAYMENT OF INCENTIVE BONUSES ARE TAKEN INTO ACCOUNT. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF GLENDALE ARIZONA 521767454 378287AP1 2016-08-03 39699349 CURRENT REFUNDING 0 0 0 A 39699349 795329 38904020 2016 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 MARY BETH JOUBLANC BOARD MEMBER 33750 COMPENSATION FOR HIPAA AND DATA PRIVACY CONSULTING 0 FORM 990, PART III, LINE 2 DURING THE FISCAL YEAR, THE ORGANIZATION INITIATED OPERATIONS WITHIN CACTUS SKY HOLDINGS LLC, A SINGLE-MEMBER LLC WHOSE PURPOSE IS TO PURCHASE LAND FOR FUTURE DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE CONSISTING OF THE OFFICERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE POWER TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE ALSO ANNUALLY EVALUATES THE PERFORMANCE OF THE PRESIDENT & CEO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE BOARD OF TRUSTEES AT A BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD ANNUALLY REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. COMMUNICATION WITH BOARD MEMBERS ENSURES THAT ALL CONFLICTS ARE DISCLOSED. IF A CONFLICT EXISTS, A BOARD MEMBER DISCLOSES SUCH CONFLICT, REFRAINS FROM VOTING, DOESN'T USE THEIR PERSONAL INFLUENCE ON THE MATTER, AND IS NOT COUNTED IN DETERMINING A QUORUM FOR THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT & CEO'S COMPENSATION IS REVIEWED BY AN INDEPENDENT COMPENSATION CONSULTANT AND APPROVED BY THE BOARD OF TRUSTEES. THE ORGANIZATION USES SEVERAL SOURCES, INCLUDING FORMS 990 OF OTHER ORGANIZATIONS AND INDUSTRY COMPENSATION STUDIES. REVIEWS ARE CONDUCTED ANNUALLY AND ARE DOCUMENTED IN EMPLOYEE FILES. OTHER OFFICER AND KEY EMPLOYEE COMPENSATION IS REVIEWED BY THE PRESIDENT & CEO AND THE DIRECTOR OF HUMAN RESOURCES. THE ORGANIZATION USES SEVERAL SOURCES TO DETERMINE COMPENSATION, INCLUDING INDEPENDENT COMPENSATION CONSULTANTS, FORMS 990 OF OTHER ORGANIZATIONS, AND INDUSTRY COMPENSATION STUDIES. REVIEWS ARE CONDUCTED ANNUALLY AND ARE DOCUMENTED IN EMPLOYEE FILES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -50,401. CACTUS SKY HOLDINGS LLC 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 810863279 REAL ESTATE AZ 648799 17031404 PEOPLE OF FAITH PEOPLE OF FAITH FOUNDATION INC 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 942929146 SUPPORT PEOPLE OF FAITH AZ 501(C)(3) LINE 12A, I PEOPLE OF FAITH 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 PEOPLE OF FAITH FOUNDATION INC C 514427 CASH VALUE PEOPLE OF FAITH FOUNDATION INC O 132000 CASH VALUE PEOPLE OF FAITH FOUNDATION INC Q 24868 CASH VALUE PEOPLE OF FAITH FOUNDATION INC S 100426 CASH VALUE