2017-10-27T09:35:37-05:00 2016-12-31 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2016-01-01 521315965 CHARLESTOWN COMMUNITY INC CHAR 4102422880 719 MAIDEN CHOICE LANE BALTIMORE MD 21228 NEAL GANTERT DIRECTOR OF FINANCE/TREASURER 4102422880 2017-10-24 1 JULIA FLANNERY CPA P00928918 4102469300 108.171.131.188 2017-10-24 17:05:55 ED P 1F6429F47CD852903688965D63EDB3355B9BF040 BD1F60100423437E62279A8D0AECD41DC0A8E634 2016 2017-02-10 21:41:12Z CLARA PARKER 719 MAIDEN CHOICE LANE BALTIMORE MD 21228 158986903 0 X WWW.ERICKSONCOMMUNITIES.COM X 1984 MD PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. SEE SCHEDULE O. 15 15 1501 774 -19559 -19559 1333486 390552 93439058 97856860 4609623 2210780 476553 458536 99858720 100916728 191157 177974 0 0 43478091 44029786 0 0 272155 58825280 87943652 102494528 132151412 -2635808 -31234684 336370114 318838223 326733302 335148609 9636812 -16310386 X THE BOARD OF DIRECTORS OF CHARLESTOWN COMMUNITY, INC. ARE COMMITTED TO CREATING COMMUNITIES THAT CELEBRATE LIFE. SEE SCHEDULE O FOR THE COMPLETE MISSION STATEMENT. 0 0 126534534 177974 97856860 CHARLESTOWN COMMUNITY, INC PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,444 INDEPENDENT LIVING UNITS, 98 ASSISTED LIVING UNITS AND 162 SKILLED NURSING BEDS AND 35 MEMORY CARE UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. 126534534 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 0 0 0 0 0 0 0 1 1 1 1 0 0 1 117 0 1 1501 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X MICHAEL WILSON 4104022421 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 CHARLES S GAMBLE CHAIR 3.00 X X 0 0 0 RICHARD A GROVE JR VICE CHAIR 3.00 X X 0 0 0 RICHARD M BARNES ESQ DIRECTOR 1.00 X 0 0 0 CHARLES H BROWN III DIRECTOR 1.00 X 0 0 0 JANICE E BURNETT DIRECTOR 1.00 X 0 0 0 REV DR DAVID COONEY DIRECTOR 1.00 X 0 0 0 CHARLES I DENTON DIRECTOR 1.00 X 0 0 0 LENWOOD M IVEY PHD DIRECTOR 1.00 1.00 X 0 0 0 NAOMI MCAFEE DIRECTOR 1.00 1.00 X 0 0 0 FATHER DANIEL MOORE DIRECTOR 1.00 X 0 0 0 LAURA OSTROFF DIRECTOR 1.00 1.00 X 0 0 0 BONNIE PHIPPS DIRECTOR 1.00 X 0 0 0 JOANNE E POLLAK ESQ DIRECTOR 1.00 X 0 0 0 JAMES M MAUSER DIRECTOR 1.00 X 0 0 0 MICHAEL J STAFFORD JR DIRECTOR 1.00 X 0 0 0 CLARA PARKER EXECUTIVE DIRECTOR/SECRETARY 40.00 1.00 X 230957 0 320 NEAL GANTERT DIRECTOR OF FINANCE/TREASURER 40.00 1.00 X 159063 0 15220 DONALD GROVE DIRECTOR OF SALES 40.00 X 187292 0 18661 PAULETTE TANSILL DIRECTOR OF HUMAN RESOURCES 40.00 X 148878 0 9050 VINSON BANKOSKI ASSOCIATE EXECUTIVE DIRECTOR 40.00 X 147423 0 15514 ALLI BALOGUN LPN/CHARGE NURSE 40.00 X 141296 0 18396 SHERYL PARRISH DIRECTOR RESIDENT LIFE II 40.00 X 140947 0 11995 ANTHONY KUZAWINSKI DIRECTOR OF GENERAL SERVICES 40.00 X 125084 0 21055 1280940 0 110211 22 0 1 0 THE WHITING-TURNER CONTRACTING COMPANY 990 HAMMOND DR NE ATLANTA GA 30328 CONTRACTING 17237106 ERICKSON LIVING MANAGEMNT LLC 701 MAIDEN CHOICE LANE BALTIMORE MD 21108 MANAGEMENT SERVICES 3359336 CONSIDINE CONTRACTING GROUP LLC 3036 MONROE ST MANCHESTER MD 21102 CONTRACTING 1661229 MACKENZIE CONTRACTING CO LLC 2324 WEST JOPPA RD SUITE 600 LUTHERVILLE MD 21093 CONTRACTING 1515140 HORD COPLAN MACHT INC 750 E PRATT ST BALTIMORE MD 21202 PROFESSIONAL SERVICES 1265987 27 86664 150000 153888 390552 RESIDENT FEES 623311 73491336 73491336 RESIDENT DEPOSITS 623311 15498944 15498944 ANCILLARY FEES 623311 8774928 8774928 CONTRACT REVENUE 623311 85652 85652 PROCESSING FEES 623311 6000 6000 97856860 2474894 -19559 2494453 415366 0 415366 415366 415366 57763255 5300 58032669 0 -269414 5300 -264114 -264114 80676 86664 37506 43170 43170 100916728 97856860 -19559 2688875 31750 31750 146224 146224 611513 611513 34883181 33431517 1243706 207958 520932 435596 84327 1009 5332244 4979492 325026 27726 2681916 2524597 141763 15556 3359336 3359336 76247 49776 26471 95147 95147 369333 369333 7121026 6194537 926023 466 2145576 2145576 8234210 8123260 96994 13956 5099529 5097517 1979 33 193281 147755 44789 737 6003136 6003136 23841883 23841883 1060621 1056146 4475 LOSS-DEBT EXTINGUISHMEN 27077123 27077123 ADMINISTRATIVE AND MISC 1504137 228704 1272277 3156 EQUIPMENT RENTAL 1418525 1281452 136337 736 RESIDENT RELATIONS 211827 151295 59710 822 132715 132715 132151412 126534534 5344723 272155 3440 3900 24674654 18553582 5909780 4929182 6713800 5807430 187328 186266 1421058 1200961 435150000 236763293 192532846 198386707 103359736 88263795 1567472 1506400 336370114 318838223 11683015 8959243 116969286 135596192 1962700 1286210 196118301 189306964 326733302 335148609 X 8638931 -17181913 972881 846527 25000 25000 9636812 -16310386 336370114 318838223 X -31234684 3781086 1506400 X X 0 1 X 1 0 X 405615 451766 311037 1333486 390552 2892456 83268781 84282706 87962527 93489110 97937536 446940660 83674396 84734472 88273564 94822596 98328088 449833116 0 0 0 449833116 2729017 3064639 3358019 3280706 2890260 15322641 2729017 3064639 3358019 3280706 2890260 15322641 27345 21408 48753 86403413 87826456 91652991 98103302 101218348 465204510 0.96700 0.96480 0.03290 0.03510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 10207587 10207587 379755909 209837381 169918528 4202366 2549121 1653245 29284489 20986625 8297864 11699649 3390166 8309483 198386707 RESIDENT REFUNDS PAYABLE 8642629 RESIDENT DEPOSITS, NET OF ACCUM. AMORT. 178860786 UNCLAIMED PROPERTY 14070 FUNDS HELD FOR RESIDENTS 137902 CLAIMS RESERVE 1483610 DEFERRED MANAGEMENT FEES 167967 189306964 X 107194912 3781086 2617857 6398943 100795969 120759 120759 100916728 132730025 738734 738734 131991291 160121 160121 132151412 PART IV, LINE 2B: PROSPECTIVE RESIDENTS ARE REQUIRED TO MAKE CERTAIN INSTALLMENT PAYMENTS PRIOR TO THE FINAL SETTLEMENT OF THE GIVEN UNIT. THOSE ADVANCE DEPOSITS ARE REPORTED ON FORM 990, PART X, LINE 21. PART X, LINE 2: CCI AND THE FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE MARYLAND STATE INCOME TAX REGULATIONS. ST. CHARLES ASSOCIATES, LTD. ("SCA") IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE DISREGARDED FOR FEDERAL AND STATE INCOME TAX PURPOSES. SCA'S FINANCIAL STATEMENT ACTIVITY IS REFLECTED ON CCI'S BOOKS AND RECORDS. MANAGEMENT HAS EVALUATED CCI'S TAX POSITIONS AND HAS CONCLUDED THAT CCI HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM AFFILIATE REPORTED ON CONSOLIDATED FINANCIAL STATEMENT 430,304. ADJUSTMENT TO TRNA 683,009. SPECIAL EVENT EXPENSES NETTED WITH REVENUE 37,506. UNREALIZED GAIN ON SWAP AGREEMENT 1,506,400. REALIZED LOSS ON SWAP AGREEMENT -39,362. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHARITY CARE EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENT 120,759. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSE FROM AFFILIATE REPORTED ON CONSOLIDATED FINANCIAL STATEMENT 18,219. SPECIAL EVENT EXPENSES NETTED WITH REVENUE 37,506. ADJUSTMENT TO TRNA 683,009. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHARITY CARE EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENT 120,759. REALIZED LOSS ON SWAP AGREEMENT 39,362. GALA 110490 67100 43390 6960 1500 5760 TIN CUP 46063 11400 34663 2350 933 4666 11926 1 10787 8164 2623 1400 1600 411 167340 86664 80676 3750 933 13226 1500 18097 37506 43170 1 CRISTO REY CORPORATE INTERNSHIP PROGRAM INC 420 S CHESTER ST BALTIMORE MD 21231 205300491 501(C)(3) 26750 PROGRAM SERVICE SAINT AGNES FOUNDATION 900 CATON AVENUE MAILBOX 123 BALTIMORE MD 21229 521415083 501(C)(3) 5000 PROGRAM SERVICE 2 0 EDUCATIONAL SCHOLARSHIPS - SEE PART IV 145 146224 SCHEDULE I, PART I, LINE 2 SCHOLAR CANDIDATES MUST BE CURRENTLY EMPLOYED YEAR-ROUND AT CHARLESTOWN COMMUNITY. ONLY MEDICAL LEAVES OF ABSENCE ARE ALLOWABLE DURING THE TWO YEARS. OTHER REQUESTS FOR A LEAVE OF ABSENCE WILL BE REVIEWED AND DETERMINED CASE BY CASE. A SCHOLAR CANDIDATE MUST HAVE BEEN EMPLOYED BY CHARLESTOWN COMMUNITY ON OR BEFORE SEPTEMBER 30, 2016. THE CANDIDATE MUST ALSO ACHIEVE 1,000 HOURS OF WORK DURING A TIME SPAN THAT BEGINS NO EARLIER THAN JUNE 1, 2016 OF THEIR JUNIOR YEAR OF HIGH SCHOOL (300 OF 1,000 HOURS MUST BE COMPLETED BY THE END OF THEIR JUNIOR YEAR OF HIGH SCHOOL TO QUALIFY). ANY HOURS WORKED PRIOR TO JUNE 1, 2016 DO NOT COUNT TOWARDS THE 1,000 HOURS REQUIREMENT. CANDIDATES MUST ACHIEVE THE 1,000 HOUR REQUIREMENT AS WELL AS FULFILL THE TWO-YEAR MINIMUM EMPLOYMENT REQUIREMENT. CANDIDATES MUST BE IN "GOOD STANDING" FROM THEIR ORIGINAL DATE OF HIRE THROUGH THEIR LAST DAY OF WORK. TO MAINTAIN "GOOD STANDING," SCHOLAR CANDIDATES, AS EMPLOYEES, MUST ABIDE BY ALL EMPLOYMENT POLICIES AND PROCEDURES, TO INCLUDE GIVING TWO WEEKS NOTICE TO THEIR SUPERVISOR WHEN TERMINATING EMPLOYMENT. SCHOLAR CANDIDATES MUST COMPLETE EACH STEP AS OUTLINED IN THE PROGRAM DESCRIPTION BY THE RESPECTIVE DUE DATE. FURTHERMORE, CANDIDATES MUST TURN IN PROOF OF FULL-TIME STATUS WITHIN THE DATES SPECIFIED IN THE PROGRAM DESCRIPTION FOR EACH SPRING AND FALL SEMESTER THEY ATTEND SCHOOL. FAILURE TO DO SO WILL DISQUALIFY THE SCHOLAR THAT SEMESTER AND WILL COUNT TOWARDS ONE OF THE TWO ALLOWABLE SEMESTER LAPSES. CANDIDATES SHOULD INTEND TO GO TO COLLEGE OR TRADE SCHOOL AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST ATTEND SCHOOL FULL-TIME (12 CREDIT HOURS EACH SEMESTER) AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST BE ACCEPTED AND/OR REGISTERED IN THE FALL OF 2016 AT A TRADE SCHOOL, COLLEGE, OR UNIVERSITY TO BENEFIT. (IN EXCEPTIONAL CASES, A SCHOLAR CANDIDATE MAY ARRANGE TO START SCHOOL UP TO TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM, BUT THEY MUST MAKE ARRANGEMENTS WITH THE RESIDENT LIFE DEPARTMENT. THESE TWO SEMESTERS WILL COUNT AS THE TWO ALLOCABLE SEMESTER LAPSES.) SCHOLARS WHO LAPSE FROM THE PROGRAM FOR MORE THAN A TOTAL OF TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM ARE NO LONGER ELIGIBLE TO RECEIVE THE AWARD. X X X 0 0 0 0 0 0 0 0 0 CLARA PARKER EXECUTIVE DIRECTOR/SECRETARY 180154 0 47500 0 3303 0 0 0 320 0 231277 0 0 0 NEAL GANTERT DIRECTOR OF FINANCE/TREASURER 138172 0 19748 0 1143 0 0 0 15220 0 174283 0 0 0 DONALD GROVE DIRECTOR OF SALES 164729 0 21500 0 1063 0 0 0 18661 0 205953 0 0 0 PAULETTE TANSILL DIRECTOR OF HUMAN RESOURCES 131875 0 16290 0 713 0 750 0 8300 0 157928 0 0 0 VINSON BANKOSKI ASSOCIATE EXECUTIVE DIRECTOR 128506 0 18400 0 517 0 750 0 14764 0 162937 0 0 0 ALLI BALOGUN LPN/CHARGE NURSE 141149 0 0 0 147 0 3520 0 14876 0 159692 0 0 0 SHERYL PARRISH DIRECTOR RESIDENT LIFE II 124308 0 15750 0 889 0 750 0 11245 0 152942 0 0 0 SCHEDULE J, PART II: INDIVIDUALS CLARA PARKER, NEAL GANTERT, DONALD GROVE, PAULETTE TANSILL, VINSON BANKOSKI, AND SHERYL PARRISH ARE LISTED IN SCHEDLE J, PART II AND ARE EMPLOYEES OF ERICKSON LIVING MANAGEMENT, LLC ("ELM:), AN UNRELATED ORGANIZATION TO CHARLESTOWN COMMUNITY, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN CHARLESTOWN COMMUNITY, INC. AND ELM. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ELM IS THE ISSUER OF THESE FORMS W-2. UNDER THE MANAGEMENT AGREEMENT, CHARLESTOWN COMMUNITY, INC. REIMBURSES ELM FOR THE COST OF SERVICES PERFORMED FOR CHARLESTOWN COMMUNITY, INC. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 574218M42 2016-11-02 131413540 REFUND OF PRIOR ISSUE 0 0 0 B MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2016-12-01 25000000 NEW MONEY 0 0 0 A 50000 131413540 131413540 0 1 1 1 B 25000000 6193780 18806220 0 0 1 1 A 0 1 1 1 0 0 0 1 B 0 1 1 1 0 0 0 1 A 0 1 0 1 1 1 BB&T 12.000000000000 0 0 0 0 1 B 0 1 0 1 1 1 BB&T 10.500000000000 0 0 0 0 1 A 1 B 1 PART IV, LINE 2(C): REBATE COMPUTATION IS NOT DUE YET. FORM 990, PART VI, SECTION A, LINE 3 ON APRIL 30, 2010, CCI AND ERICKSON LIVING MANAGEMENT, LLC ("ELM") ENTERED INTO A MANAGEMENT AND MARKETING AGREEMENT. ELM WILL PROVIDE MANAGEMENT AND MARKETING SERVICES TO CCI DURING THE TERM OF THIS AGREEMENT. THE AGREEMENT HAS BEEN AMENDED VARIOUS TIMES SINCE INCEPTION, AND THE CURRENT AGREEMENT EXPIRES ON DECEMBER 31, 2020. CLARA PARKER, EXECUTIVE DIRECTOR, NEAL GANTERT, DIRECTOR OF FINANCE, DONALD GROVE, DIRECTOR OF SALES, PAULETTE TANSILL, DIRECTOR OF HUMAN RESOURCES, VINSON BANKOSKI, ASSOCIATE EXECUTIVE DIRECTOR, SHERYL PARRISH, DIRECTOR RESIDENT LIFE II, AND ANTHONY KUZAWINSKI, DIRECTOR OF GENERAL SERVICES ARE LEASED EMPLOYEES FROM THE MANAGEMENT COMPANY. THE FILING ORGANIZATION REIMBURSES THE MANAGEMENT COMPANY FOR THEIR COMPENSATION WHICH IS REPORTED ON FORM 990, PART VII, SECTION A. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD HAS THE RESPONSIBILITY TO REVIEW THE FORM 990 PRIOR TO ITS FILING OR TO DESIGNATE ANOTHER BOARD MEMBER TO REVIEW THE FORM. THE FULL BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FORM 990 BEFORE IT IS FILED AND ASK QUESTIONS OF THE AUDIT COMMITTEE OR THE REVIEWER REGARDING THE FORM. THE BOARD CHAIR DESIGNATES AN OFFICER TO SIGN FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CHARLESTOWN COMMUNITY, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER CHARLESTOWN COMMUNITY, INC.'S AFFAIRS, COMMITTEE MEMBERS, PROSPECTIVE DIRECTORS, AND SENIOR STAFF PROVIDING SERVICES TO THE ORGANIZATION UNDER A MANAGEMENT AGREEMENT. EACH COVERED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND AS POTENTIAL CONFLICTS ARISE DURING THE YEAR. THESE STATEMENTS ARE REVIEWED BY THE BOARD CHAIR WHO MAY CONSULT WITH THE ORGANIZATION'S MANAGING DIRECTOR FOR GOVERNANCE AND/OR INDEPENDENT LEGAL COUNSEL IN ORDER TO DETERMINE IF THERE IS A CONFLICT OF INTEREST. THE BOARD CHAIR PREPARES A REPORT FOR THE EXECUTIVE COMMITTEE WHICH REVIEWS THE FINDINGS AND RECOMMENDS APPROPRIATE ACTION TO THE FULL BOARD. EITHER THE FULL BOARD OR A COMMITTEE OF DISINTERESTED DIRECTORS WILL DETERMINE WHETHER A CONFLICT ACTUALLY EXISTS. A COVERED PERSON MAY NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE BY THE BOARD BUT MAY ANSWER QUESTIONS OR PROVIDE CLARIFYING INFORMATION UNLESS ANY BOARD MEMBER OBJECTS. FORM 990, PART VI, SECTION B, LINE 15 REFERENCE TO DIRECTORS IS THE MANAGEMENT DIRECTORS, NOT THE BOARD OF DIRECTORS. THE BOARD HAS APPROVED A DIRECTORS' COMPENSATION POLICY WHICH ESTABLISHES THE PROCESS BY WHICH ALL DIRECTOR COMPENSATION IS DETERMINED. BOARD MEMBERS SERVE WITHOUT COMPENSATION. A REVIEW OF THE MANAGEMENT DIRECTORS' COMPENSATION IS CONDUCTED EACH FISCAL YEAR. COMPENSATION IS APPROACHED ON AN OVERALL BASIS AND THE TOTAL VALUE OF ALL FORMS OF COMPENSATION IS ESTABLISHED AND MONITORED. ERICKSON LIVING (ELM) ESTABLISHES BENCHMARK DATA FOR ALL POSITIONS WITHIN EACH DEPARTMENT. VARIOUS MARKET SURVEYS ARE USED IN ANALYZING AND DETERMINING COMPENSATION. IN ADDITION, GEOGRAPHICAL DIFFERENTIALS ARE TAKEN INTO ACCOUNT IN DETERMINING COMPENSATION. MARKET SURVEYS USED INCLUDE BOTH FOR-PROFIT AND NOT-FOR-PROFIT PEERS. AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY RETAINED TO PERFORM AN ANALYSIS OF CHARLESTOWN'S COMPENSATION. THE GOVERNANCE COMMITTEE OF THE BOARD CONSIDERS ALL OF THE ABOVE DATA IN REVIEWING AND APPROVING COMPENSATION. THE GOVERNANCE COMMITTEE IS A SUBCOMMITTEE OF THE BOARD AND IS COMPRISED OF MEMBERS OF THE BOARD. THIS SUBCOMMITTEE IS DELEGATED WITH CERTAIN DETAILED REVIEW TASKS INCLUDING THIS DETAILED REVIEW OF COMPENSATION. AFTER REVIEWING AND APPROVING COMPENSATION, THE GOVERNANCE COMMITTEE THEN MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS AS TO APPROPRIATE COMPENSATION. IF REQUESTED, THE BOARD HAS ACCESS TO ALL OF THE COMPENSATION DATA ABOVE AND CAN ASK QUESTIONS OF MANAGEMENT AND THE GOVERNANCE COMMITTEE. THE BOARD REVIEWS AND VOTES ON THE FINAL COMPENSATION RECOMMENDATION AS PART OF THE BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EXECUTIVE DIRECTOR'S OFFICE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON SWAP AGREEMENT 1,506,400. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OVERSEES THE FINANCIAL STATEMENT AUDIT PROCESS AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS. THE PROCESS HAS BEEN CONSISTENT WITH PRIOR YEARS. FORM 990, PAGE 1, PART I, LINE 1 AND PART III, LINE 1 MISSION STATEMENT CHARLESTOWN COMMUNITY, INC. IS FORMED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES, INCLUDING: THE PROMOTION OF THE HEALTH OF THE ELDERLY THROUGH THE PROVISION OF A RESIDENTIAL COMMUNITY OFFERING VARIOUS LEVELS OF SERVICES FOR ELDERLY PERSONS; CARRYING ON EDUCATIONAL ACTIVITIES RELATED TO THE PROMOTION OF HEALTH OF THE RESIDENTIAL COMMUNITY; AND PERFORMING OTHER ACTIVITIES PERMITTED UNDER THE GENERAL LAWS OF THE STATE OF MARYLAND, TO THE EXTENT SUCH ACTIVITIES ARE PERMITTED BY ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, CHARLESTOWN COMMUNITY, INC.'S EXEMPT PURPOSE IS TO PROVIDE A HOME FOR THE AGED THAT SATISFIES THE THREE PRIMARY NEEDS OF AGED PERSONS - - THE NEED FOR HOUSING, THE NEED FOR HEALTH CARE, AND THE NEED FOR FINANCIAL SECURITY. CHARLESTOWN COMMUNITY, INC. PROVIDES HOUSING BY ESTABLISHING RESIDENTIAL FACILITIES THAT ARE SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL, RELIGIOUS, AND SIMILAR NEEDS OF AGED PERSONS. CHARLESTOWN COMMUNITY, INC. PROVIDES HEALTH CARE BY DIRECTLY PROVIDING SOME MEDICAL SERVICES, AND MAINTAINING CONTINUING ARRANGEMENTS WITH OTHER ORGANIZATIONS DESIGNED TO MAINTAIN THE PHYSICAL AND MENTAL WELL-BEING OF ITS RESIDENTS. CHARLESTOWN COMMUNITY, INC. PROVIDES FINANCIAL SECURITY BY HAVING AN ESTABLISHED POLICY THAT PROVIDES FOR THE MAINTAINING OF RESIDENCE OF ANY PERSONS WHO BECOME UNABLE TO PAY THEIR REGULAR CHARGES TO THE EXTENT OF ITS FINANCIAL ABILITY. CHARLESTOWN COMMUNITY, INC. ALSO OPERATES SO AS TO PROVIDE ITS SERVICES TO THE AGED AT THE LOWEST FEASIBLE COSTS. ST CHARLES ASSOCIATES LTD 719 MAIDEN CHOICE LANE BALTIMORE MD 21228 592193189 BENEFICIAL LANDOWNER MD 0 0 CHARLESTOWN COMMUNITY INC CHARLESTOWN COMMUNITY REAL ESTATE LLC 719 MAIDEN CHOICE LANE BALTIMORE MD 21228 522199208 DISREGARDED ENTITY MD 0 0 CHARLESTOWN COMMUNITY INC CHARLESTOWN BENEVOLENT CARE FOUNDATION INC 719 MAIDEN CHOICE LANE BALTIMORE MD 21228 522350026 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 12A, I CHARLESTOWN COMMUNITY INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 CHARLESTOWN BENEVOLENT CARE FOUNDATION INC C 150000 CASH