2016-10-17T00:00:00-05:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2015-07-01 232132688 ELM TERRACE GARDENS ELMT 2153615664 660 N BROAD STREET LANSDALE PA 19446 ROBERT C MCLAIN VP/CFO 2153615664 2016-10-17 1 JULIUS GREEN CPA P00350393 2159720701 2015 2017-02-10 21:41:12Z TIMOTHY MURPHY 660 N BROAD STREET LANSDALE PA 19446 19594637 0 X WWW.ETG-CCRC.ORG X 1979 PA PROVIDES QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS. 11 11 246 82 0 0 150 301081 15822497 17113118 100818 139148 161273 221955 16084738 17775302 0 0 0 0 6562964 6903523 0 0 0 8685291 8823053 15248255 15726576 836483 2048726 30768469 35995995 22339667 25564145 8428802 10431850 X ELM TERRACE GARDENS, A NON-PROFIT CORPORATION, SERVES OLDER ADULTS BY PROVIDING INDEPENDENT LIVING, PERSONAL CARE AND SKILLED NURSING SERVICES IN A SAFE, CARING, ATTRACTIVE, STIMULATING AND SPIRITUALLY NOURISHING ENVIRONMENT. ACCORDINGLY, WE SEEK THE HIGHEST LEVELS OF RESIDENT WELL BEING WITHIN THE CONTEXT OF STATE-OF-THE-ART LONG TERM CARE. 0 0 13635029 0 17113118 ELM TERRACE GARDENS OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 72-BED NURSING FACILITY, A 61-BED PERSONAL CARE FACILITY, AND 131 INDEPENDENT LIVING APARTMENTS. THE COMPANY'S OPERATIONS ARE LOCATED IN LANSDALE, PENNSYLVANIA. ITS PRIMARY SERVICE AREA INCLUDES LANSDALE, PENNSYLVANIA AND SURROUNDING COMMUNITIES IN MONTGOMERY COUNTY, PENNSYLVANIA. THE ORGANIZATION SERVED 266 RESIDENTS DURING THE FISCAL YEAR. 13635029 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 246 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ROBERT C MCLAIN VPCFO 2153615664 660 N BROAD STREET LANSDALE PA 19446 CLIFFORD T STOUT CHAIRMAN 2.00 X X 0 0 0 DIL KULATHUM CHAIRMAN (DEPARTED DEC. 2015) 2.00 X X 0 0 0 JOHN HENLEY VICE CHAIRMAN 2.00 X X 0 0 0 HAROLD MATHUES TREASURER 2.00 X X 0 0 0 DON HELPA SECRETARY 2.00 X X 0 0 0 JACQUELINE SHAFER DIRECTOR 2.00 X 0 0 0 KATHRYN TATUM DIRECTOR 2.00 X 0 0 0 MARK KEMP DIRECTOR 2.00 X 0 0 0 MELISSA SMITH DIRECTOR 2.00 X 0 0 0 JIM WIEGNER DIRECTOR 2.00 X 0 0 0 CRAIG CAMPBELL DIRECTOR 2.00 X 0 0 0 JOHN PAROLA DIRECTOR 2.00 X 0 0 0 TIMOTHY MURPHY PRESIDENT/CEO 40.00 X 219762 0 17358 ROBERT MCLAIN VP/CFO 40.00 X 190650 0 21261 MILDRED BUTLER-COLEMAN EXECUTIVE DIRECTOR 40.00 X 108834 0 11201 JUDITH SHEARER DIRECTOR OF NURSING 40.00 X 108464 0 10680 627710 0 60500 4 0 1 0 FLIK LIFESTYLES PO BOX 102289 ATLANTA GA 30368 FOOD SERVICE 2915361 PENN BUILDERS 2275 OLD BETHLEHEM PIKE QUAKERTOWN PA 18951 CONSTRUCTION 1655939 GENESIS REHAB PO BOX 821322 PHILADELPHIA PA 19175 THERAPY 1101511 LEDERACH ARCHITECTURE 698 HARLEYSVILLE PIKE LEDERACH PA 19450 ARCHITECT 252535 GOOD PLUMBING HEATING AC 737 HAGEY CENTER DRIVE UNIT D SUDERTON PA 18964 PLUMBING, HEATING, AC 176611 6 301081 301081 NET RESIDENT SERVICE REVENUE 623000 17113118 17113118 17113118 110597 110597 67971 36510 31461 31461 31461 1797814 1769263 28551 28551 28551 42857 13562 29295 29295 LAUNDRY REVENUE 623000 46021 46021 BARBER & BEAUTY REVENUE 623000 44217 44217 GUEST QUARTERS & MEALS 623000 25600 25600 45361 45361 161199 17775302 17113118 0 361103 X 444588 444588 5262051 4491589 770462 152366 140055 12311 629611 551005 78606 414907 287526 127381 119404 119404 35015 35015 712 712 4280653 4280653 62220 62220 391675 275496 116179 115678 115678 897082 897082 34578 21613 12965 5698 5698 271480 271480 1290064 1290064 124520 124520 MEDICAL SUPPLIES 413754 413754 REPAIRS 240390 240390 PA NURSING HOME ASSES. 178751 178751 LICENSES AND FEES 125745 16605 109140 235634 154446 81188 15726576 13635029 2091547 0 300 300 1711278 3992997 918 918 955509 2355412 32470 25710 70396 54366 37757520 12329848 23170424 25427672 4638674 3950057 188500 188563 30768469 35995995 1769251 1432684 256246 167289 9018756 10605947 94321 11295414 13263904 22339667 25564145 X 8428802 10431850 8428802 10431850 30768469 35995995 2048726 -45678 0 X 0 1 X 1 0 X 43456 52634 3500 150 301081 400821 13785663 15205268 15725889 15822497 17113118 77652435 13829119 15257902 15729389 15822647 17414199 78053256 750 600 350 1650 3350 0 750 600 350 1650 3350 78049906 87232 143738 114907 171817 178568 696262 87232 143738 114907 171817 178568 696262 59992 128668 118906 145352 204056 656974 13976343 15530308 15963202 16139816 17796823 79406492 0.98290 0.98490 0.00880 0.00840 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2011 AMOUNT: $ 5,146. 2012 AMOUNT: $ 7,451. 2013 AMOUNT: $ 7,705. 2014 AMOUNT: $ 10,555. 2015 AMOUNT: $ 14,470. GUEST QUARTERS MEALS - 2011 AMOUNT: $ 25,697. 2012 AMOUNT: $ 27,363. 2013 AMOUNT: $ 20,903. 2014 AMOUNT: $ 27,037. 2015 AMOUNT: $ 25,600. STORE INVENTORY - 2011 AMOUNT: $ 29,149. 2012 AMOUNT: $ 34,623. 2013 AMOUNT: $ 36,950. 2014 AMOUNT: $ 41,470. 2015 AMOUNT: $ 42,857. TELEPHONE REVENUE - 2012 AMOUNT: $ 20,113. 2013 AMOUNT: $ 17,695. 2014 AMOUNT: $ 25,485. 2015 AMOUNT: $ 24,700. BARBER AND BEAUTY SHOP - 2012 AMOUNT: $ 19,597. 2013 AMOUNT: $ 19,175. 2014 AMOUNT: $ 19,923. 2015 AMOUNT: $ 44,217. TRANSPORTATION REVENUE - 2012 AMOUNT: $ 10,599. 2013 AMOUNT: $ 11,228. 2014 AMOUNT: $ 8,438. 2015 AMOUNT: $ 6,191. LAUNDRY REVENUE - 2012 AMOUNT: $ 8,922. 2013 AMOUNT: $ 5,250. 2014 AMOUNT: $ 12,444. 2015 AMOUNT: $ 46,021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 712 712 0 PART II-B, LINE 1: THE ORGANIZATION IS A MEMBER OF AND PAYS DUES TO LEADINGAGE AND LEADINGAGE PA, TWO ORGANIZATIONS WHICH ADVOCATE FOR SENIOR CITIZENS. A PORTION OF THE DUES IS ALLOCATED TO LOBBYING EXPENSES. 1507117 1507117 32612679 11621621 20991058 708227 708227 0 2929497 2929497 25427672 REFUNDABLE FEES AND DEPOSITS 289994 DEFERRED REVENUE - ENTRANCE FEES 12973910 13263904 X 17659346 -45678 -70278 -115956 17775302 0 17775302 15656298 0 15656298 70278 70278 15726576 PART X, LINE 2: THE COMPANY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2016 AND 2015. THE COMPANY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE YEARS PRIOR TO 2013 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -70,278. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 70,278. X X X 0 0 0 0 0 0 0 1 0 TIMOTHY MURPHY PRESIDENT/CEO 192010 0 23432 0 4320 0 13240 0 4118 0 237120 0 0 0 ROBERT MCLAIN VP/CFO 160381 0 20072 0 10197 0 11646 0 9615 0 211911 0 0 0 PART I, LINE 7 THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PLAN FOR THE PRESIDENT AND THE CFO WHICH IS BASED ON QUANTITATIVE AND QUALITATIVE GOALS, INCLUDING MEETING OR EXCEEDING BUDGETED AMOUNTS, RESIDENT AND EMPLOYEE SATISFACTION, SURVEY COMPARISONS, COMPLIANCE WITH REGULATIONS AND ADHERENCE TO STRATEGIC PLANNING. THE INCENTIVE COMPENSATION CANNOT EXCEED 15% OF THE INDIVIDUAL'S BASE COMPENSATION. A NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2004-07-22 10000000 CONSTRUCTION AND REFINANCING 0 0 0 B NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2007-03-21 4885000 CONSTRUCTION AND REFINANCING 0 0 0 C HATFIELD TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 232622492 2015-01-29 2500000 CONSTRUCTION AND RENOVATIONS 0 0 0 D HATFIELD TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 232622492 2014-12-22 10000000 CONSTRUCTION AND RENOVATIONS 0 0 0 A 4735402 10000000 1315000 8685000 2004 1 0 1 1 B 2130990 4885000 200000 4685000 2007 1 0 1 1 C 2500000 50000 2450000 0 0 0 1 D 10000000 50000 9950000 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 BOND ISSUES C AND D: THE BOND ISSUES AS PROVIDED BY THE HATFIELD TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY HAVE ONLY BEEN DRAWN DOWN TO ESTABLISH THE MINIMUM BOND ISSUE RELEASE AS REQUIRED. ELM TERRACE GARDENS HAS SO FAR BEEN FINANCING ITS CONSTRUCTIONS AND RENOVATIONS WITH EQUITY. IF ADDITIONAL FUNDS ARE NEEDED, THE BOND ISSUES WILL BE DRAWN DOWN AS NEEDED. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S CFO WILL PERFORM AN INITIAL REVIEW OF THE FORM 990. UPON HIS APPROVAL, THE BOARD OF DIRECTORS WILL RECEIVE COPIES OF THE RETURN BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 1. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY ARE NOT DELIBERATELY ENGAGED IN ANY ACTIVITIES WHICH CREATE A CONFLICT OF INTEREST. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY WILL DISCLOSE SUCH A CONFLICT OF INTEREST SHOULD IT ARISE. SUCH ATTESTATION IS DOCUMENTED ON THE "INDIVIDUAL STATEMENT REGARDING CONFLICT OF INTEREST" FORM. 2. EXECUTED ATTESTATIONS ARE FILED IN THE BOARD OF DIRECTORS FILE. 3. SHOULD A DIRECTOR (OR ANYONE ELSE) BELIEVE THAT THERE EXISTS A CONFLICT OF INTEREST OR A POTENTIAL FOR A CONFLICT OF INTEREST BETWEEN THE INTERESTS OF ELM TERRACE GARDENS AND ANY OTHER INTEREST A DIRECTOR MAY HAVE, SUCH IS BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IN WRITING. 4. THE EXECUTIVE COMMITTEE EVALUATES THE CONFLICT OR POTENTIAL CONFLICT TO DETERMINE WHETHER IT UNDERMINES THE DIRECTOR'S ABILITY TO SERVE. 5. SHOULD THE BOARD DETERMINE THAT THE DIRECTOR NOT BE REMOVED FROM OFFICE, THE DIRECTOR ABSTAINS FROM DISCUSSION OF AND VOTING ON ANY MATTER RELATED TO THE CONFLICT OR POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE PENNSYLVANIA LEADINGAGE SALARY SURVEY FOR SOUTHEASTERN PENNSYLVANIA AS WELL AS THE NY, NJ, AND PA REGIONAL LEADINGAGE AND HCS CCRC COMPENSATION SURVEYS IN DETERMINING ALL EMPLOYEE COMPENSATION. ALL COMPENSATION DECISIONS ARE DETERMINED TAKING INTO CONSIDERATION FAIR MARKET RANGES FOR THE INDUSTRY. THE COMPENSATION OF THE PRESIDENT IS APPROVED BY THE BOARD. THE PRESIDENT, IN TURN, DETERMINES COMPENSATION FOR OTHER KEY EMPLOYEES. ALL DECISIONS ARE DOCUMENTED, INCLUDING THE AWARDING OF INCENTIVE BONUSES. 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. IN ADDITION, THE FINANCIAL STATEMENT IS INCLUDED IN THE DISCLOSURE STATEMENT PROVIDED TO EXISTING AND PROSPECTIVE RESIDENTS. FORM 990, PART IX, LINE 11G MSD CONTRACT: PROGRAM SERVICE EXPENSES 2,874,870. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,874,870. OCCUPATIONAL THERAPY SERVICES: PROGRAM SERVICE EXPENSES 377,561. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 377,561. PHYSICAL THERAPY SERVICES: PROGRAM SERVICE EXPENSES 493,855. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 493,855. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 534,367. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 534,367.