2017-11-13T12:07:33-06:00 2016-12-31 390859910 Baker Tilly Virchow Krause LLP 1650 Market Street Suite 4500 Philadelphia PA 191037341 990 2016-01-01 232948992 Simpson Meadows SIMP 6106600112 150 Monument Road No 105 Bala Cynwyd PA 19004 Mark Aquilar CFO 6106600112 2017-11-10 1 Julius C Green CPA P00350393 2159720701 174.60.92.193 2017-11-10 08:54:37 ES P 0800B4ED38FC3C6EA7D966C4012216BA4F04E039 0E5F92C18CF515EB20FE7B38029907845734D9FC 2016 2017-02-10 21:41:12Z Kim W Williams 150 Monument Road No 105 Bala Cynwyd PA 19004 5859202 0 X www.simpsonmeadows.org X 1998 PA TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY. 11 10 115 40 0 0 177078 625 5446180 5408351 41647 136717 178342 111378 5843247 5657071 0 0 0 0 2375258 2447969 0 0 0 3761562 3615474 6136820 6063443 -293573 -406372 15461893 15109509 18356180 18783227 -2894287 -3673718 X Simpson Meadows is dedicated to meeting the needs of seniors in our community. Through careful oversight, we strive to deliver the highest quality of service with a sense of warmth, friendliness, individual pride, and integrity. Continued on Schedule O.We are committed to offering our residents and staff opportunities for personal growth and spiritual enrichment. 0 0 4699917 0 5408351 Expenses incurred providing housing, healthcare, and other related services to elderly residents through the operation of 94 independent living units and 55 personal care suites, 19 of which are dedicated to dementia care. Simpson Meadows' operations are located in the Township of East Caln, Chester County, PA. Its primary service area includes Chester County and surrounding communities. 4699917 1 0 0 1 0 0 0 0 0 0 1 0 0 1 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 0 0 0 1 51 0 1 115 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X Mark Aquilar CFO 6106600112 150 Monument Road No 105 Bala Cynwyd PA 19004 Rhonda Karp Chair 1.00 5.00 X X 0 0 0 Jordan M Kendall Immediate Past Chair 1.00 4.00 X X 0 0 0 Mary Ann Hoffman Vice Chair 1.00 5.00 X X 0 0 0 Alvin Kingcade Treasurer 1.00 5.00 X X 0 0 0 Daniel J Kelley Secretary 1.00 4.00 X X 0 0 0 Rev James D Anderman Director 1.00 5.00 X 0 0 0 William S Bremner Director 1.00 4.00 X 0 0 0 Janis Moore Campbell Director 1.00 5.00 X 0 0 0 Rev Dr Anita Powell Director 1.00 4.00 X 0 0 0 Firas Saidi Director 1.00 5.00 X 0 0 0 Kim W Williams President/CEO 1.00 39.00 X X 0 336765 60552 Bonnie Chandler Interim CFO 1.00 39.00 X 0 172783 14079 Kathleen Ardenkani Executive Director 40.00 0.00 X 97864 0 25864 Toni McClay COO 1.00 39.00 X 0 195279 22504 Catherine Barbalace Sales Counselor 40.00 0.00 X 107714 0 9550 205578 704827 132549 1 0 1 0 0 625 625 Net resident services 623000 5222838 5222838 Amort of entrance fees 623000 185513 185513 5408351 108865 108865 44212 44212 0 0 185771 157919 27852 27852 27852 Food Service Revenue 623000 61644 61644 Barber & Beauty Revenu 623000 36572 36572 Maintenance Revenue 623000 8183 8183 4979 4979 111378 5657071 5408351 0 248095 123727 123727 1845447 1622053 223394 27391 25142 2249 229582 220768 8814 221822 192602 29220 792288 455259 337029 19615 19615 8190 8190 137 137 16263 16263 64593 57016 7577 284497 284497 104096 58260 45836 66162 255 65907 576114 438323 137791 10737 8230 2507 11518 9255 2263 276503 276503 747432 747432 Food/Nutrition 308478 308478 Repairs & Maintenance 115766 115766 Medical Supplies 49996 49996 Barber/Beauty 37730 37730 125359 76849 48510 6063443 4699917 1363526 0 341806 453443 309295 283239 104078 79308 170163 99964 20912322 11439731 9694608 9472591 3904921 3476749 937022 1244215 15461893 15109509 233697 534080 10805711 10644226 6860589 7019577 456183 585344 18356180 18783227 X -3555645 -4372731 661358 699013 -2894287 -3673718 15461893 15109509 X -406372 196085 -569144 X 0 1 X 1 0 X 55081 42844 35049 177078 625 310677 5128978 4274954 5067241 5446180 5408351 25325704 5184059 4317798 5102290 5623258 5408976 25636381 0 706271 481952 481873 1670096 706271 481952 481873 1670096 23966285 127787 255045 83665 112267 153077 731841 127787 255045 83665 112267 153077 731841 137817 135872 192033 136700 111378 713800 5449663 4708715 5377988 5872225 5673431 27082022 0.88500 0.86270 0.02700 0.02640 X Schedule A, Part III, Line 12, Explanation of Other Income: food service revenue - 2013 Amount: $ 55,467. 2014 Amount: $ 82,632. 2015 Amount: $ 73,822. 2016 Amount: $ 61,644. barber beauty Revenue - 2013 Amount: $ 26,847. 2014 Amount: $ 36,129. 2015 Amount: $ 34,073. 2016 Amount: $ 36,572. maintenance revenue - 2013 Amount: $ 10,094. 2014 Amount: $ 8,148. 2015 Amount: $ 9,302. 2016 Amount: $ 8,183. all other revenue - 2012 Amount: $ 137,817. 2013 Amount: $ 43,464. 2014 Amount: $ 65,124. 2015 Amount: $ 19,503. 2016 Amount: $ 4,979. 0 0 0 0 0 0 0 0 1 137 137 0 Part II-B, Line 1: Simpson Meadows pays membership dues to LeadingAge PA, a portion of which is used for lobbying purposes. 599166 599166 17633909 9322848 8311061 2343224 1968526 374698 336023 148357 187666 9472591 Due from Affiliates 1100440 Deferred Issuance Costs 143775 1244215 Annuities Payable 4919 Obligation Under Interest Rate Swap Agreements 57038 due to affiliates 159076 DEPOSITS 364311 585344 X 5328224 196085 -569144 -373059 5701283 -44212 -44212 5657071 6107655 44212 44212 6063443 0 6063443 Part X, Line 2: The Organization follows the provisions of the income tax standard regarding the recognition and measurement of uncertain tax positions. The application of these provisions has no impact on the Organization's financial statements. Part XI, Line 2d - Other Adjustments: Change in fair value of derivative financial instrument 30,856. Loss on extinguishment of debt -600,000. Part XI, Line 4b - Other Adjustments: rental expenses -44,212. Part XII, Line 2d - Other Adjustments: rental expenses 44,212. 0 1 0 0 0 0 0 0 0 Kim W Williams President/CEO 0 316455 0 11610 0 8700 0 40672 0 19880 0 397317 0 0 Bonnie Chandler Interim CFO 0 162783 0 10000 0 0 0 4852 0 9227 0 186862 0 0 Toni McClay COO 0 195279 0 0 0 0 0 11660 0 10844 0 217783 0 0 Part I, Line 3 Simpson Senior Services, a related organization, uses the following methods to establish the compensation of the organization's CEO/Executive Director: compensation committee, form 990 of other organizations, compensation survey or study, and approval by the board or compensation committee. Part I, Line 4b The president/CEO participates in a 457(f) deferred compensation/retirement plan. During 2016, contributions to the plan amounted to $15,000. A Chester County Health and Education Facilities Authority 232265260 166579EW9 2015-12-23 7019577 See Part VI 0 0 0 A 7019577 253121 133345 558942 6074169 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 Schedule K, Part I, Bond Issues: Bond A (a) Issuer Name: Chester County Health and Education Facilities Authority (f) Description of Purpose: Refunding of outstanding general obligation bonds of 2010, issuance costs, and capital projects. Form 990, Part VI, Section A, line 6 The sole corporate member of the corporation shall be Simpson Senior Services. Form 990, Part VI, Section A, line 7a The member shall have reserved powers to appoint and remove all members of The Board of Directors at any time. Form 990, Part VI, Section A, line 7b The member shall have reserved powers to appoint and remove all members of The Board of Directors at any time, to approve any amendment to the Articles of Incorporation or By-Laws, to approve the annual budgets, to approve any sale, lease, or transfer of assets, to approve indebtedness greater than $50,000, and to approve any merger, consolidation, or dissolution of the Corporation. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the CFO. Once approved, the Form 990 is sent to the President/CEO for review and approval. The President/CEO will then forward a copy of the Form 990 to the Board of Directors for their review and approval prior to filing with the IRS. Form 990, Part VI, Section B, line 12c All officers and members of The Board are subject to the conflict of interest policy. All significant new contracts are subject to Board approval. Ongoing contracts are reviewed for any known potential conflict of interest. Conflicts of interest are reviewed at The Board level. Any individual with a conflict of interest must abstain from Board discussions and decisions where any conflict would be present. On an annual basis all Directors and Officers sign off on a Conflict of Interest Statement affirming that they have received, understand, and comply with the conflict of interest policy. They must also disclose any potential conflicts with Simspon related to financial interests, transactions, or relationships (business or family affiliates). Form 990, Part VI, Section B, line 15 A sub-committee of The Board of Directors of Simpson Senior Services (SSS), a related organization, which is appointed by The Board Chair of SSS has the specific duty of annually evaluating the performance of the President/CEO of the organization, including determining his annual compensation. A competent salary survey is used to benchmark compensation for the position utilizing PANPHA, AAHSA and CEMO salary surveys and other studies. In addition, the Guide Star website is utilized to research the salary of similar positions at similar sized organizations in the local market area. The CFO, COO, and the Executive Directors' salaries of each community are determined by the President/CEO of SSS on an annual basis. The President/CEO reviews the annual performance of these individuals relative to their position descriptions. The operating budgets, including salary increases, of each community are presented to The Board for their approval on an annual basis. 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 fair value of derivative financial instrument 30,856. Loss on extinguishment of debt -600,000. Simpson Senior Services 150 Monument Road Suite 105 Bala Cynwyd PA 19004 232948991 Manages affiliates that provide residence and healthcare to the elderly PA 501(c)(3) Line 12c, III-FI N/A 0 Simpson House Inc 150 Monument Road Suite 105 Bala Cynwyd PA 19004 231352227 Continuing care retirement community PA 501(c)(3) Line 10 Simpson Senior Services 0 Jenner's Pond Inc 2000 Greenbriar Lane West Grove PA 19390 231548106 Continuing care retirement community PA 501(c)(3) Line 10 Simpson Senior Services 0 Third Century Services 150 Monument Road Suite 105 Bala Cynwyd PA 19004 232948457 PROVIDE MAINTENANCE AND OPERATIONAL SUPPORT TO CCRC AFFILIATES PA 501(c)(3) Line 12b, II Simpson Senior Services 0 Simpson Glen 150 Monument Road Suite 105 Bala Cynwyd PA 19004 232960640 Continuing care retirement community PA 501(c)(3) Line 10 Simpson Senior Services 0 Simpson Mid-Town 150 Monument Road Suite 105 Bala Cynwyd PA 19004 233089337 provides housing for elderly and low income residents PA 501(c)(3) Line 10 Simpson Senior Services 0 Simpson House Foundation 150 Monument Road Suite 105 Bala Cynwyd PA 19004 232320545 receive and administer funds for the charitable works of affiliates PA 501(c)(3) Line 12b, II Simpson Senior Services 0 Narberth Adult Care Services 150 Monument Road Suite 105 Bala Cynwyd PA 19004 232948458 provide adult day care and healthcare to the elderly PA 501(c)(3) PF Simpson Senior Services 0 Simpson foundation 150 Monument Road Suite 105 Bala Cynwyd PA 19004 454731794 charitable, literary, scientific, religious & Education for elderly PA 501(c)(3) Line 10 simpson Senior Services 0 Simpson Gardens LP 150 Monument Road Suite 105 Bala Cynwyd PA 19004 412069202 Economic Development of low income housing PA N/A Simpson Gardens Housing Corp 150 Monument Road Suite 105 Bala Cynwyd PA 19004 412069201 Economic development of low income housing PA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0