2017-11-15T12:36:17-06:00 2016-12-31 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2016-01-01 273168105 MASONIC HOME INDEPENDENT LIVING II INC MASO 5028974907 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 TODD LACY SR VP FINANCE & CFO 5028974907 2017-11-13 1 LEE GROZA P00034644 5027491900 128.136.148.166 2017-11-13 11:22:21 ES P 7A48D4F85C3556243C99447098D5E3F1CF8659A1 5E434713B3BB27C3D951D97A00700D1A057FE683 2016 2021-01-29 14:40:06Z MIRALEA GARY MARSH 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 10122202 0 X WWW.MASONICHOMESKY.COM X 2010 KY TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES. 7 7 0 15 0 0 0 0 4972553 5918264 462947 660086 0 0 5435500 6578350 0 0 0 0 0 0 0 0 0 6618277 15468607 6618277 15468607 -1182777 -8890257 63335084 157156467 67867740 172908955 -4532656 -15752488 TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES. 0 0 14491325 5918264 THE ORGANIZATION'S PURPOSE IS CONSTRUCTING, OWNING AND OPERATING A SENIOR LIVING COMMUNITY KNOWN AS MIRALEA. MIRALEA CONSISTS OF 120 INDEPENDENT LIVING APARTMENTS AND 12 RESIDENTIAL-STYLE PATIO HOMES THAT OPENED ON NOVEMBER 1, 2012. MIRALEA, WITH ITS AFFILITATION WITH MASONIC HOMES OF KENTUCKY, FORM A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH A LIFE CARE PRODUCT FOR SENIORS. MIRALEA OFFERS A TIERED APPROACH TO THE AGING PROCESS, ACCOMMODATING RESIDENTS CHANGING NEEDS AS THEY AGE THROUGH INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING CARE. MIRALEA PROVIDES SENIORS THE OPTION TO LIVE AN ACTIVE LIFESTYLE IN ONE LOCATION FOR THE DURATION OF THEIR REMAINING LIFE, WITH MUCH OF THEIR FUTURE CARE ALREADY PREDETERMINED BY THE RESIDENT AND THE LIFE CARE AGREEMENTS WITH MIRALEA. 14491325 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 53 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X CATHY KANNAPPLE 5027538800 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 MARTIN R WALTERS CHAIRMAN 0.80 1.60 X X 0 0 0 DAVID L OWEN VICE CHAIRMAN 0.80 1.60 X X 0 0 0 RICHARD T NATION SECRETARY 0.80 1.60 X X 0 0 0 RONALD S CAUGHRON TREASURER 0.80 2.40 X X 0 0 0 TERRY BOWMAN DIRECTOR 0.80 1.60 X 0 0 0 JOSEPH R CONWAY DIRECTOR 0.80 1.60 X 0 0 0 TODD JONES DIRECTOR 0.80 1.60 X 0 0 0 GARY MARSH PRESIDENT & CEO 2.00 38.00 X 0 272378 17488 TODD LACY SR VP FINANCE & CFO 2.00 38.00 X 0 228174 19032 0 500552 36520 0 0 1 0 PMCH CONSTRUCTION 1415 BARDSTOWN ROAD 8 LOUISVILLE KY 40204 CONSTRUCTION SERVICES 2417046 GCD KENTUCKY LLC 225 E JOHN CARPENTER FWY STE 700 IRVING TX 75062 CONSULTING 1059594 GLENNDEVINS ADVERTISING 8880 WARD PKWY SUITE 400 KANSAS CITY MO 64114 ADVERTISING SERVICES 297060 QK4 1046 E CHESTNUT STREET LOUISVILLE KY 40204 CONSTRUCTION SERVICES 147707 4 RESIDENT SERVICES 623990 5918264 5918264 5918264 278337 278337 3925601 3543852 381749 381749 381749 6578350 5918264 0 660086 22365 22365 32155 32155 60363 60363 82282 13388 68894 23946 23946 57636 10473 47163 116003 47 115956 516749 336749 180000 8162 1449 6713 1805269 1805269 1906999 1906999 66517 66517 BOND LOSS OF REFUNDING 6769637 6769637 EXPENSE ALLOCATION 2124730 2124730 REIMBURSED SALARY EXPEN 1697896 806926 890970 FOOD 263425 263425 -85527 385716 -471243 15468607 14491325 977282 0 1431009 5676819 457 0 -3026 12134 18983 18899 11676 10805 58205372 4610214 44175427 53595158 9319346 11521922 8381212 86320730 63335084 157156467 715090 1747159 2742316 2824344 28422578 124843471 35987756 43493981 67867740 172908955 X -4532656 -15752488 -4532656 -15752488 63335084 157156467 X -8890257 -224355 -2105220 X X 0 1 X 1 0 X 68450 3883088 4458879 4972553 5918264 19301234 68450 3883088 4458879 4972553 5918264 19301234 0 0 0 19301234 149030 357152 332609 316955 278337 1434083 149030 357152 332609 316955 278337 1434083 900 900 217480 4241140 4791488 5289508 6196601 20736217 0.93080 0.93010 0.06920 0.06990 X 1000000 1000000 41875932 3829466 38046466 458027 86539 371488 2192843 459384 1733459 12678570 234825 12443745 53595158 CONTRACT ACQUISITION COSTS, NET 3103077 BOND ACCOUNTS 82724820 ACCRUED INTEREST 492833 86320730 REFUNDABLE DEPOSITS 3864743 ACCRUED INTEREST PAYABLE 1000595 REFUNDABLE ENTRANCE FEES AND DEPOSITS 37766815 DUE TO AFFILIATES 861828 43493981 X 6918676 -224355 564681 340326 6578350 0 6578350 16033288 564681 564681 15468607 0 15468607 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE MORE-LIKELY-THAN-NOT APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION CLASSIFIES INTEREST AND PENALTIES WITH RESPECT TO MATERIAL UNCERTAIN TAX POSITIONS RECOGNIZED IN THE FINANCIAL STATEMENTS (WHEN APPLICABLE) AS INTEREST EXPENSE AND AS AN OPERATING EXPENSE, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: LTC EXPENSE/REVENUE COMBINED ON FINANCIALS 564,681. PART XII, LINE 2D - OTHER ADJUSTMENTS: LTC EXPENSE/REVENUE COMBINED ON FINANCIALS 564,681. 0 0 0 0 0 0 0 0 0 GARY MARSH PRESIDENT & CEO 0 272378 0 0 0 0 0 10198 0 7290 0 289866 0 0 TODD LACY SR VP FINANCE & CFO 0 228174 0 0 0 0 0 7639 0 11393 0 247206 0 0 PART I, LINE 3 THE RELATED ORGANIZATION, MASONIC HOMES OF KENTUCKY, INC., PAYS THE COMPENSATION TO GARY MARSH AND TODD LACY AND USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION. COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE A KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS 610600439 49126PFH8 2016-11-03 127281735 MIRALEA PHASE III CONSTRUCTION, A SERIES 87,880,000, B SERIES $35,000,000 0 0 0 A 127281735 6704500 32907988 2446595 85222651 1 1 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 FORM 990, PART I, ITEM C DBA: GROVE POINTE DBA: THE MEADOW FORM 990, PART VI, SECTION A, LINE 6 MASONIC HOMES OF KENTUCKY, INC. IS THE "SOLE MEMBER" OF MASONIC HOME INDEPENDENT LIVING II, INC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE BOARD OF DIRECTORS OF MASONIC HOMES OF KENTUCKY, INC. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS OF MASONIC HOMES OF KENTUCKY, INC. SHALL HAVE THE AUTHORITY TO ADOPT BY-LAWS AND REGULATIONS AS MAY BE NECESSARY FOR THE GOVERNMENT OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS FIRST REVIEWED BY INTERNAL MANAGEMENT AND THEN A COPY IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY MEMBER OF THE BOARD HAVING AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OR A COMMITTEE THEREOF FOR AUTHORIZATION, APPROVAL, OR RATIFICATION SHALL MAKE A PROMPT, FULL, AND FRANK DISCLOSURE OF HIS INTEREST. OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS AND REMOVE THEMSELVES FROM ANY DISCUSSION AND VOTE WHERE THEY HAVE A CONFLICT. IF A CONFLICT IS DEEMED TO EXIST, SUCH A PERSON SHALL NOT VOTE ON, NOR USE HIS PERSONAL INFLUENCE ON, NOR PARTICIPATE (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) IN THE DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO SUCH CONTRACT OR TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANYONE; HOWEVER THE RELATED ORGANIZATION USES THE FOLLOWING PROCESS: THEY HAVE AN OUTSIDE INDEPENDENT CONTRACTOR DO A REVIEW OF SALARIES AND PROVIDE A SALARY SURVEY. THE FINANCE COMMITTEE USES THIS INFORMATION TO DOCUMENT AND APPROVE THE SALARIES ON AN ANNUAL BASIS. NATIONAL AND REGIONAL INDUSTRY AGENCIES PROVIDE YEARLY DATA REGARDING THESE ISSUES. 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: TRANSFER OF EQUITY -2,105,220. FORM 990, PAGE 12, PART XII, QUESTION 2C THE RELATED ORGANIZATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSEES THE AUDIT. THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. MASONIC HOMES OF KENTUCKY INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 610458374 TO PROVIDE AND MAINTAIN A HOME FOR WIDOWS OF DECEASED MASONS KY 501 (C) (3) LINE 7 N/A 0 MASONIC RETIREMENT VILLAGE OF TAYLOR MILL INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 311756851 TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR THE ELDERLY KY 501 (C) (3) LINE 9 MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOMES OF KENTUCKY PEDIATRIC DAYCARE INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 273248085 TO PROVIDE DAYCARE AND PRESCHOOL SERVICES. KY 501 (C) (3) LINE 9 MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOMES COMMUNITY BASED SERVICES INC 4338 13TH STREET ASHLAND KY 41102 273248199 TO PROVIDE SERVICES THAT ENABLE PEOPLE TO REMAIN LIVING IN THEIR HOMES. KY 501 (C) (3) N/A MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOME PROPERTIES INC 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611292421 RENTAL REAL ESTATE KY N/A C 2786867 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0