2016-11-14T12:08:45-06:00 2015-12-31 420714325 RSM US LLP 2000 W DOROTHY LN DAYTON OH 45439 990 2015-01-01 311570272 EPISCOPAL RETIREMENT HOMES FOUNDATION INC EPIS 5132719610 3870 VIRGINIA AVENUE CINCINNATI OH 45227 PAUL J SCHEPER CFO 5132719610 2016-11-11 1 KAREN O CRIM P00368385 9372980201 2015 2017-02-10 21:41:12Z PAUL J SCHEPER 3870 VIRGINIA AVENUE CINCINNATI OH 45227 9612944 0 X WWW.EPISCOPALRETIREMENT.COM X 1997 OH THE EXCLUSIVE PURPOSE FOR WHICH EPISCOPAL RETIREMENT HOMES FOUNDATION, INC. WAS FORMED IS TO SOLICIT, RECEIVE, ACQUIRE, HOLD, MONITOR AND INVEST MONEY AND OTHER REAL AND PERSONAL PROPERTY AND, FROM TIME TO TIME, DISBURSE THE SAME AND/OR THE INCOME THEREFROM TO EPISCOPAL RETIREMENT HOMES, INC., AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC OF 1986 AS AMENDED AND AS FURTHER DESCRIBED IN SECTION 509(A)(1) OF SAID CODE. 8 8 0 0 0 0 1631066 1004644 0 0 1511178 1843602 -43013 77036 3099231 2925282 0 1610959 0 0 0 0 0 0 0 79640 186628 79640 1797587 3019591 1127695 50749822 48425443 362098 342445 50387724 48082998 X THE EXCLUSIVE PURPOSE FOR WHICH EPISCOPAL RETIREMENT HOMES FOUNDATION, INC. WAS FORMED IS TO SOLICIT, RECEIVE, ACQUIRE, HOLD, MONITOR AND INVEST MONEY AND OTHER REAL AND PERSONAL PROPERTY AND, FROM TIME TO TIME, DISBURSE THE SAME AND/OR THE INCOME THEREFROM TO EPISCOPAL RETIREMENT HOMES, INC., AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC OF 1986 AS AMENDED AND AS FURTHER DESCRIBED IN SECTION 509(A)(1) OF SAID CODE. 0 0 1797587 1610959 THE EPISCOPAL RETIREMENT HOMES FOUNDATION, INC. (ERHF) HAS BEEN SUCCESSFUL IN SOLICITING, RECEIVING AND INVESTING FUNDS FOR THE SUPPORT OF EPISCOPAL RETIREMENT HOMES, INC. (ERH). THIS HAS ENABLED ERH TO CONTINUE OPERATING AND DEVELOPING SENIOR HOUSING FOR THE COMMUNITY IN CONTINUING CARE RETIREMENT COMMUNITIES, AFFORDABLE SUBSIDIZED HOUSING, COMMUNITY SERVICES, MEALS ON WHEELS AND PARISH HEALTH MINISTRY. 1797587 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 X 8 8 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X X CHRIS GUIN 5132719610 3870 VIRGINIA AVENUE CINCINNATI OH 45227 WILLIAM C KNODEL CHAIRMAN 1.00 0.00 X X 0 0 0 ELLEN ZEMKE TREASURER & SECRETARY 1.00 0.00 X X 0 0 0 R DOUGLAS SPITLER PRESIDENT & CEO 1.00 40.00 X X 0 389152 30779 RICHARD N ADAMS VICE CHAIRMAN 1.00 0.00 X 0 0 0 BEN BLEMKER DIRECTOR 1.00 0.00 X 0 0 0 JON B BOSS DIRECTOR 1.00 0.00 X 0 0 0 TAYLOR C GREENWALD II DIRECTOR 1.00 0.00 X 0 0 0 DANIEL M WITTEN II DIRECTOR 1.00 0.00 X 0 0 0 PAUL J SCHEPER CFO 1.00 40.00 X 0 212978 34144 LAURA R P LAMB EXECUTIVE VP 1.00 40.00 X 0 210938 21995 MELISSA HANZEL SECRETARY (TO 11/15) 1.00 40.00 X 0 43281 10707 JOY LEONARD SECRETARY (FROM 11/15) 1.00 40.00 X 0 12346 0 0 868695 97625 0 0 1 0 0 286254 718390 1004644 574870 574870 7956394 6687662 1268732 1268732 1268732 77036 286254 0 77036 77036 2925282 0 0 1920638 1610959 1610959 MISC OPERATING EXPENSES 186628 186628 1797587 1797587 0 0 3641170 2125379 79213 161936 23556375 23375668 1879637 1238881 21593427 21523579 50749822 48425443 52633 55132 309465 287313 362098 342445 X 25043441 23928200 696825 752917 24647458 23401881 50387724 48082998 50749822 48425443 X 1127695 -3056685 -375736 X 0 1 X 1 0 X X 1 EPISCOPAL RETIREMENT HOMES INC 310554071 9 0 2432112 0 1 2432112 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22185844 2713849 24899693 22221909 -36065 22185844 21661435 560474 22221909 20242650 1418785 21661435 21297724 31413 -1086487 20242650 0.02990 0.93990 0.03020 1 0 0 BENEFICIAL INTEREST IN MARJORIE LEE ENDOWMENT FUND 20955167 INTERCO REC/(PAY) TO EPISCOPAL RETIREMENT HOMES, INC. 528551 CHARITABLE UNITRUST 33236 ACCRUED INTEREST RECEIVABLE 6625 21523579 CHARITABLE GIFT ANNUITIES 287313 287313 X PART V, LINE 4: THE INTENDED USES OF THE ORGANIZATION ENDOWMENTS IS TO USE 5% OF THE AVERAGE MARKET VALUE OF THE FUNDS OVER THE PREVIOUS 12 QUARTERS TO FUND THE SPECIFIC PROGRAMS REQUESTED BY DONORS WHICH INCLUDES: PASTORAL CARE, CARE CENTER FLOWERS, INDEPENDENT LIVING MAINTENANCE, FINANCIAL AID, MEMORY SUPPORT CARE, AFFORDABLE HOUSING AND GENERAL OPERATIONS OF EPISCOPAL RETIREMENT HOMES, INC. THE ORGANIZATION ALSO RECEIVES DISTRIBUTIONS FROM AN ENDOWMENT THAT IS HELD AND ADMINISTERED BY THE TRUSTEES OF THE DIOCESE OF SOUTHERN OHIO. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RULED THAT THE OBLIGATED GROUP (EPISCOPAL RETIREMENT HOMES, INC. AND EPISCOPAL RETIREMENT HOMES FOUNDATION, INC.) IS EXEMPT FROM FEDERAL INCOME TAXES AS AN OTHER THAN PRIVATE FOUNDATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, THEY ARE NOT SUBJECT TO FEDERAL OR STATE INCOME TAX. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE OBLIGATED GROUP AND RECOGNIZE A TAX LIABILITY IF THE OBLIGATED GROUP HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE OBLIGATED GROUP AND HAS CONDUCTED THAT AS OF DECEMBER 31, 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE OBLIGATED GROUP IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES; HOWEVER, NO EXAMINATIONS ARE IN PROGRESS. MANAGEMENT BELIEVES THESE ENTITIES ARE NOT SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2012. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4166728 0 0 0 0 0 0 4166728 0 4166728 1 0 0 0 1 0 X X X X X 0 ANNUAL GALA 150892 119866 31026 OVER THE EDGE / CELEBRATE! 212398 166388 46010 363290 286254 77036 77036 SCHEDULE G, PART II EXPENSES IN THE AMOUNT OF $134,010 ASSOCIATED WITH THE FUNDRAISING EVENTS ARE PAID BY THE SUPPORTED ORGANIZATION, EPISCOPAL RETIREMENT HOMES, INC. 0 0 0 0 0 0 0 0 0 R DOUGLAS SPITLER PRESIDENT & CEO 0 308152 0 81000 0 0 0 0 0 30779 0 419931 0 0 PAUL J SCHEPER CFO 0 164912 0 46189 0 1877 0 0 0 34144 0 247122 0 0 LAURA R P LAMB EXECUTIVE VP 0 165279 0 37888 0 7771 0 0 0 21995 0 232933 0 0 FORM 990, PART VI, SECTION A, LINE 2 R. DOUGLAS SPITLER, CEO, AND PAUL J. SCHEPER, CFO, HAVE A BUSINESS RELATIONSHIP. JON B. BOSS, DIRECTOR, AND ELLEN ZEMKE, SECRETARY, HAVE A BUSINESS RELATIONSHIP. WILLIAM C. KNODEL, CHAIRMAN, AND RICHARD N. ADAMS, DIRECTOR, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 EPISCOPAL RETIREMENT HOMES, INC. IS THE SOLE MEMBER OF EPISCOPAL RETIREMENT HOMES FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A EPISCOPAL RETIREMENT HOMES, INC., AS THE SOLE MEMBER OF EPISCOPAL RETIREMENT HOMES FOUNDATION, INC. (ERHF), APPOINTS THE BOARD OF DIRECTORS OF ERHF. FORM 990, PART VI, SECTION A, LINE 7B THE EPISCOPAL RETIREMENT HOMES, INC. BOARD OF DIRECTORS MUST APPROVE ANY CHANGES TO THE EPISCOPAL RETIREMENT HOMES FOUNDATION, INC. ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE 990 WAS THEN REVIEWED BY THE EPISCOPAL RETIREMENT HOMES, INC. (ERH) EXECUTIVE TEAM (CEO AND VICE PRESIDENTS OF THE ORGANIZATION). A COPY OF THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE ERH FINANCE COMMITTEE AND THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EPISCOPAL RETIREMENT HOMES, INC. HAS A WRITTEN CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, ALL DIRECTORS OF THE ORGANIZATION ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT. THE CEO'S EXECUTIVE SECRETARY IS RESPONSIBLE TO ENSURE ALL INDVIDUALS RESPOND TO THIS ANNUAL REQUEST. FORM 990, PART VI, SECTION C, LINE 18 EPISCOPAL RETIREMENT HOMES FOUNDATION, INC. MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE USE OF THE EPISCOPAL RETIREMENT HOMES, INC. WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: SILVER CREEK LOW VOL CONTINUATION FUND CAYMAN, LP K-1 (MP LEE ENDOWMENT) 4,482. SILVER CREEK LOW VOL CONTINUATION FUND CAYMAN, LP K-1 (ERH FOUNDATION) 8,688. ROTHSCHILD SMALL/MID-CAP FUND, LLC K-1 (MP LEE ENDOWMENT) -141,585. ROTHSCHILD SMALL/MID-CAP FUND, LLC K-1 (ERH FOUNDATION) -247,321. EPISCOPAL RETIREMENT HOMES INC 3870 VIRGINIA AVENUE CINCINNATI OH 45227 310554071 RETIREMENT COMMUNITIES & SUBSIDIZED HOUSING FOR THE ELDERLY OH 501(C)(3) LINE 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 EPISCOPAL RETIREMENT HOMES INC P 2432112 FMV