2016-09-26T10:59:02-05:00 2015-12-31 593070669 MOORE STEPHENS LOVELACE PA 311 PARK PLACE BLVD SUITE 100 CLEARWATER FL 33759 990 2015-01-01 311671731 SKIDAWAY HEALTH AND LIVING SERVICES INC SKID 9125983601 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 STANLEY S ANDERS TREASURER 9125983601 2016-09-26 1 HARRY E HARP CPA P00176471 7275314477 2015 2017-02-10 21:41:12Z STANLEY S ANDERS 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 17788585 0 X WWW.MARSHESOFSKIDAWAY.ORG X 1999 GA THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY-BASED NONPROFIT ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO PROVIDE RESIDENTS WITH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 12 12 325 47 0 0 0 0 14350641 14733444 22082 540558 100228 2508350 14472951 17782352 0 0 0 0 5964190 5906256 0 0 0 11364234 11536366 17328424 17442622 -2855473 339730 87367958 86477980 133301643 132660600 -45933685 -46182620 X THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY-BASED NONPROFIT ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO PROVIDE RESIDENTS WITH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 0 0 8549939 11152188 THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY ("CCRC") OPERATING UNDER THE NAME "THE MARSHES OF SKIDAWAY ISLAND" (THE "COMMUNITY") AND OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO OCCUPANCY AGREEMENTS THAT REQUIRE PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THE COMMUNITY INCLUDES 182 INDEPENDENT LIVING UNITS, 176 OF WHICH WERE OCCUPIED AS OF DECEMBER 31, 2015. 1352906 1764675 THE COMMUNITY'S SKILLED NURSING FACILITY OFFERS 24-HOUR NURSING SERVICES VIA 23 SKILLED NURSING CARE BEDS. 1249683 1630035 THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO RESIDENTS OF 21 ASSISTED LIVING UNITS. 2066070 2694896 OTHER SERVICES INCLUDE FOOD SERVICE, IN-HOME HEALTH CARE AND MEMORY CARE. 2066070 2694896 13218598 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 1 325 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X LORNA CARSWELL 9125985030 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 WALLACE SMITH PRESIDENT 0.50 X X 0 0 0 STANLEY S ANDERS VICE PRESIDENT 0.50 X X 0 0 0 STEWART BROMLEY CPA CFP TREASURER 0.50 X X 0 0 0 KIRBY MASON SECRETARY 0.50 X X 0 0 0 MELISSA BOUCHILLON MEMBER 0.50 X 0 0 0 ROBERT DIBENEDETTO MD MEMBER 0.50 X 0 0 0 WILLIAM E CRAIG ESQ MEMBER 0.50 X 0 0 0 KEITH DIAMOND MD MEMBER 0.50 X 0 0 0 JANET K KWAISER KUHN EDD RN MEMBER 0.50 X 0 0 0 THOMAS SAYERS MEMBER 0.50 X 0 0 0 DR EMERSON HAM MEMBER 0.50 X 0 0 0 DAVID GROSSE MEMBER 0.50 X 0 0 0 JAMES RUHL MEMBER 0.50 X 0 0 0 LISA BIRCH MEMBER 0.50 X 0 0 0 AMANDA ELLIOTT EXECUTIVE DIRECTOR (LCS EM 40.00 X 0 0 0 LORNA CARSWELL ACCOUNTING DIRECTOR 40.00 X 80068 0 12937 80068 0 12937 0 0 0 0 LIFE CARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT FEES 764674 HERITAGE HEALTHCARE 536 OLD HOWELL RD GREENVILLE SC 29615 THERAPY CONTRACTOR 340315 BRIGHTVIEW LANDSCAPE SERVICES 2 MAINTENANCE WAY SAVANNAH GA 31411 LANDSCAPE MAINTENANCE 187903 ZILLNER MARKETING COMMUNICATIONS INC 8725 ROSEFIELD RD SUITE 200 LENEXA KS 66215 ADVERTISING 175250 SAVANNAH FLOOR COVERINGS 1215 E HIGHWAY 80 STE 300 SAVANNAH GA 31322 CONSTRUCTION 168076 6 MONTHLY SERVICE FEES 623000 10192007 10192007 SKILLED NURSING FACILITY 623000 3394710 3394710 EARNED ENTRANCE FEES 623000 960181 960181 FOOD SERVICE 623000 186546 186546 14733444 82834 82834 460970 2987 0 6233 460970 -3246 457724 457724 FUTURE SERVICES OBLIGATION 623000 2056082 2056082 APARTMENT CUSTOMIZATION REVENUE 623000 337870 337870 OTHER INCOME 623000 114398 114398 2508350 17782352 17241794 0 540558 93005 93005 5059898 4129459 930439 9301 9301 383751 271277 112474 360301 307420 52881 762045 762045 1486 1486 42250 42250 135935 41984 93951 218467 218467 621321 477664 143657 1277864 1274564 3300 50408 37147 13261 16858 16858 3067719 2323694 744025 3351726 2538820 812906 830125 656862 173263 FOOD SERVICE 689263 689263 NURSING AND ANCILLARY 466506 466506 BAD DEBT 3938 3938 CHARITABLE GIVING 455 455 17442622 13218598 4224024 0 265973 716698 9573238 10794716 385444 357782 79099 90461 212091 178282 93733477 26265688 68768317 67467789 6477455 5660648 359735 349155 1246606 862449 87367958 86477980 4591377 2510635 85601200 87128146 42406058 42173674 129500 129500 573508 718645 133301643 132660600 X -45933685 -46182620 -45933685 -46182620 87367958 86477980 339730 -588665 0 X X 0 1 X 1 0 X 14283791 15114897 13592685 14350641 14733444 72075458 14283791 15114897 13592685 14350641 14733444 72075458 0 0 0 72075458 7797 10622 2432 29542 82834 133227 7797 10622 2432 29542 82834 133227 53651 70919 83152 100228 114398 422348 14345239 15196438 13678269 14480411 14930676 72631033 0.99240 0.99370 0.00180 0.00090 X 3400000 3400000 87003874 24173456 62830418 2804092 2016408 787684 525511 75824 449687 67467789 MONEY MARKET 5660648 F 5660648 DEPOSITS 718645 718645 17785598 0 17785598 -3246 -3246 17782352 17445868 0 17445868 -3246 -3246 17442622 PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS DISPOSAL OF FIXED ASSETS -3,246. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS DISPOSAL OF FIXED ASSETS -3,246. A SAVANNAH ECON DEV AUTH FIXED RATE FIRST MORT BONDS SERIES 2013 586001588 80483CLM1 2013-12-23 43855000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 A 275000 43153320 3422749 350000 39105571 2013 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 SCHEDULE K, PART I, LINE A, COL (C) SAVANNAH ECON. DEV. AUTH. FIXED RATE FIRST MORT. BONDS, SERIES 2013: THE CUSIP NUMBERS FOR THE SAVANNAH ECONOMIC DEVEVELOPMENT AUTHORITY FIXED RATE FIRST MORTGAGE BONDS, SERIES 2013 ARE AS FOLLOWS: 80483CLM1 (MATURITY DATE: 1/1/2049) 80483CLL3 (MATURITY DATE: 1/1/2044) 80483CLK5 (MATURITY DATE: 1/1/2038) 80483CLJ8 (MATURITY DATE: 1/1/2034) 80483CLH2 (MATURITY DATE: 1/1/2024) 80483CLG4 (MATURITY DATE: 1/1/2019) 80483CLE9 (MATURITY DATE: 1/1/2017) 80483CLD1 (MATURITY DATE: 1/1/2016) 80483CLC3 (MATURITY DATE: 1/1/2015) SCHEDULE K, PART II, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE: IN DECEMBER 2013, THE ORGANIZATION ISSUED THE SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY REFUNDING REVENUE BONDS, SERIES 2013 (THE "SERIES 2013 BONDS") IN THE AMOUNT OF $43,855,000. THE SERIES 2013 BONDS WERE ISSUED TO REFINANCE THE EXISTING SERIES 2003 BONDS, FUND REQUIRED RESERVES INCLUDING A CONSTRUCTION FUND, AND PAY FOR THE COST OF ISSUANCE. THE SERIES 2013 BONDS ARE COLLATERALIZED BY A MORTGAGE ON THE ORGANIZATION'S PROPERTY; A SECURITY INTEREST IN THE PERSONAL PROPERTY, EQUIPMENT, AND FIXTURES INCLUDED IN THE COMMUNITY; AND A SECURITY INTEREST IN THE GROSS REVENUES OF THE ORGANIZATION. THE ORGANIZATION MUST ALSO COMPLY WITH CERTAIN RESTRICTIVE AND FINANCIAL COVENANTS, INCLUDING A DEBT SERVICE COVERAGE RATIO AND A DAYS CASH ON HAND REQUIREMENT. THE ORGANIZATION WAS IN COMPLIANCE AT DECEMBER 31, 2015. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A MANAGEMENT COMPANY, LIFE CARE SERVICES LLC (LCS), TO MANAGE THE DAY-TO-DAY OPERATIONS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES, DIRECTIVES, AND GOALS. THE EXECUTIVE DIRECTOR OF THE HEALTH CARE CENTER IS A LCS EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN ITS ENTIRETY BY THE FINANCE COMMITTEE AND THE EXECUTIVE DIRECTOR BEFORE IT IS FILED WITH THE IRS. A COPY OF THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHENEVER A CONFLICT IS IDENTIFIED THROUGH THE ANNUAL DISCLOSURE PROCESS. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS RESTS IN THEIR DISCRETION, AND THEIR CONCERN IS THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT MANAGEMENT COMPANY AND DOES NOT DIRECTLY PAY COMPENSATION TO THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS, OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND FOR REVIEW IN ITS OFFICE. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDIT: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GENERAL DISCLOSURE: SOCIAL ACCOUNTABILITY THE ORGANIZATION PROVIDES VARIOUS OPPORTUNITIES TO IMPROVE THE LIVES OF THE SENIORS IN THE AREA AND TO GIVE BACK TO THE COMMUNITY IN WHICH THE ORGANIZATION SERVES. THE ORGANIZATION AND ITS EMPLOYEES SUPPORT A VARIETY OF LOCAL CHARITIES THROUGH BOTH MONETARY AND NONCASH ITEM CONTRIBUTIONS. ACTIVITY PERFORMED THROUGHOUT THE REPORTING YEAR INCLUDES: 1) CAR WASHES TO RAISE MONEY FOR ALZHEIMER'S ASSOCIATION. 2) DONATED LAMPS, WATER COOLERS, FITNESS MACHINE, MATTRESS & BOX SPRINGS FOR UNION MISSION. 3) EMPLOYEE COOK-OFF TO BENEFIT THE ALZHEIMER'S ASSOCIATION. 4) PROVIDED AND SERVED LUNCH FOR FRESH AIR HOME. 5) CAR WASHES TO BENEFIT MOVEMENT DISORDERS PROGRAM. 6) EMPLOYEE CHILI COOK OFF FOR AMERICAN HEART ASSOCIATION. 7) DONATED 16 HOSPITAL MATTRESSES AND 8 SAILING CORNICES TO OLD SAVANNAH CITY. 8) DONATED TOILETS, FURNITURE, APPLIANCES, CARPET AND LINENS TO HABITAT FOR HUMANITY. 9) DONATED HOUSEHOLD ITEMS TO OLD SAVANNAH CITY MISSION. 10) AMERICA'S SECOND HARVEST VOLUNTEERED TIME IN KITCHEN TO PREPARE FOOD FOR AMERICA'S SECOND HARVEST. 11) PUT TOGETHER BAGS OF CLOTHING FOR HOMELESS FOR SALVATION ARMY. 12) DONATED APPLIANCES AND FURNITURE TO OLD SAVANNAH CITY MISSION. 13) TEDDY BEAR DONATION FOR THE SALVATION ARMY. MONETARY DONATIONS WERE PROVIDED TO THE FOLLOWING: 1) SAVANNAH CENTER FOR BLIND AND LOW VISION. 2) AMERICAN HEART ASSOCIATION. 3) AMERICAN DIABETES ASSOCIATION. 4) AMERICA'S SECOND HARVEST. 5) ALZHEIMER'S ASSOCIATION. 6) HABITAT FOR HUMANITY RESTORE. 7) SALVATION ARMY. 8) ADOPT-A-SOLDIER. 9) HARDSHIP FUND 10) HUMANE SOCIETY 11) IVEY WILLIAMSON KIDNEY FUND 12) MOVEMENT DISORDERS PROGRAM 13) OLD SAVANNAH CITY MISSION 14) SAFE SHELTER CHAIRITY 15) SAVNNAH CITY MISSION 16) UNION MISSION TOTAL MONETARY VALUE PROVIDED TO THE COMMUNITY EQUALS OVER $24,565 WITH A TOTAL OF 471 VOLUNTEER HOURS PERFORMED. OVER 26,000 INDIVIDUALS WERE SERVED WITH THE ABOVE CHARITABLE ACTIVITIES.