2016-05-16T13:29:55-05:00 2015-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2014-07-01 386141735 PORTER HILLS PRESBYTERIAN VILLAGE PORT 6169494975 4450 CASCADE ROAD GRAND RAPIDS MI 49564 CRAIG VANDENBOS DIRECTOR OF FINANCE 6169541799 2016-05-13 1 CAROL LALONDE CPA P00181637 2695674500 2014 2016-08-17 19:52:53Z CRAIG VANDENBOS 4450 CASCADE ROAD GRAND RAPIDS MI 49564 37712354 0 X WWW.PORTERHILLS.ORG X 1970 MI ASSISTED LIVING, NURSING CARE, AND INDEPENDENT LIVING FOR ELDERLY 15 15 623 203 0 0 951334 953035 34206588 36503865 343551 255454 0 0 35501473 37712354 0 0 0 0 18516708 16175769 0 0 0 19763734 22747665 38280442 38923434 -2778969 -1211080 78422117 78224204 101276884 103421362 -22854767 -25197158 TO PROVIDE A CONTINUUM OF HIGH QUALITY COMMUNITIES AND SERVICES FOR OLDER ADULTS IN ACCORDANCE WITH CHRISTIAN VALUES. 0 0 25718470 36503865 ASSISTED LIVING, NURSING CARE, AND INDEPENDENT LIVING FACILITY FOR THE ELDERLY. TOTAL DAYS OF CARE IN 2014-2015 WAS 126,303. 25718470 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 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 9 0 1 623 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X CRAIG VANDENBOS 6169541799 4450 CASCADE ROAD SE STE 200 GRAND RAPIDS MI 49546 MARK J YOST CHAIR 2.00 0.00 X X 0 0 0 CYNTHIA A HAVARD VICE CHAIR 2.00 0.00 X X 0 0 0 WILLIAM E ALT TREASURER 2.00 0.00 X X 0 0 0 JANE L TOOT SECRETARY 2.00 0.00 X X 0 0 0 JON E PIKE BOARD DIRECTOR 2.00 0.00 X X 0 0 0 JOSEPH A STOJAK DIRECTOR 2.00 0.00 X 0 0 0 CAROL L HUBBARD DIRECTOR 1.00 0.00 X 0 0 0 HARRY BAXTER III DIRECTOR 1.00 0.00 X 0 0 0 HENRY E CAPOGNA II DIRECTOR 1.00 0.00 X 0 0 0 JAMES C WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 MARTHA A BLANDFORD DIRECTOR 1.00 0.00 X 0 0 0 ROBERT W DAVERMAN DIRECTOR 1.00 0.00 X 0 0 0 SHARON M BUURSMA DIRECTOR 1.00 0.00 X 0 0 0 THOMAS W SMALL DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM S LAWRENCE III DIRECTOR 1.00 0.00 X 0 0 0 LARRY YACHCIK CEO 50.00 0.00 X 341497 0 13935 REED VANDER SLIK COO 50.00 0.00 X 174383 0 16059 INGRID WEAVER SENIOR VP OF OPERATIONS 50.00 0.00 X 154192 0 15201 SUSAN STODDARD CFO - PART YEAR 50.00 0.00 X 145207 0 15088 TERESA TOLAND VP OF BUSINESS DEVELOPMENT 50.00 0.00 X 135984 0 3445 ALEX RUCH VP OF HR AND ADMINISTRATION 50.00 0.00 X 130232 0 9830 LUKE REYNOLDS VP OF PACE 50.00 0.00 X 102111 0 15236 1183606 0 88794 13 0 1 0 CREATIVE DINING SERVICES ONE ROYAL PARK DRIVE ZEELAND MI 49464 FOOD SERVICE 1255435 MARY FREE BED 235 WEALTHY STREET GRAND RAPIDS MI 49503 THERAPY SERVICES 865096 THE CHRISTMAN COMPANY 634 FRONT AVENUE NW SUITE 500 GRAND RAPIDS MI 49504 CONSTRUCTION CONTRACTOR 758344 TRIVALENT 3145 PRAIRIE ST SW GRAND RAPIDS MI 49418 COMPUTER HOSTING SERVICE 683932 VERHEY CARPETS 1113 WEALTHY ST GRAND RAPIDS MI 49506 CARPET INSTALLATION 481985 25 952803 232 953035 NET PROGRAM SERVICES 623990 21254855 21254855 OTHER PROGRAM REVENUE 623990 10678146 10678146 MAINTENANCE FEES 990099 2308031 2308031 LIFE LEASE INCOME 623990 2262833 2262833 36503865 255454 255454 37712354 36503865 0 255454 865081 865081 12766253 10034874 2731379 132756 98199 34557 1440746 680367 760379 970933 718198 252735 144339 144339 169668 25071 144597 1850 1850 20422 20422 3594468 2037853 1556615 223959 223959 3751116 55162 3695954 1977506 1876318 101188 124713 29757 94956 29622 -6816 36438 2422819 2224513 198306 3920883 3543864 377019 563526 34919 528607 RESIDENT CARE 2724580 2416122 308458 REPAIRS & MAINTENANCE 1139640 1037813 101827 BAD DEBT EXPENSE 185394 185394 DUES AND SUBSCRIPTIONS 122313 16259 106054 1630847 710603 920244 38923434 25718470 13204964 0 0 280094 2668810 2209788 2143729 3507433 255699 275092 121913768 60397677 60396076 61516091 1910104 1102487 11047699 9333219 78422117 78224204 4532444 4529692 12128830 13562757 50050417 52846142 890737 970874 33674456 31511897 101276884 103421362 X -22854767 -25197158 -22854767 -25197158 78422117 78224204 X -1211080 -130439 -1000872 X X 0 1 X 1 0 X 541126 2421927 585414 951334 953035 5452836 25950039 27020569 29211044 34206588 36503865 152892105 26491165 29442496 29796458 35157922 37456900 158344941 0 390179 401084 432496 724215 1947974 390179 401084 432496 724215 1947974 156396967 1153076 706288 443506 343557 255454 2901881 1153076 706288 443506 343557 255454 2901881 27644241 30148784 30239964 35501479 37712354 161246822 0.96990 0.96130 0.01800 0.02360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 296 296 0 PART II-B, LINE 1: PORTER HILLS PAYS A MEMBERSHIP FEE TO LEADING AGE SERVICES OF MICHIGAN AND PART OF THOSE MEMBERSHIP FEES ARE USED TO LOBBY. 5555981 5555981 91801954 41839148 49962806 2897088 2461043 436045 21658745 16097486 5561259 61516091 OTHER NON-CURRENT ASSETS 1988587 DEFERRED FINANCING COSTS 524725 DUE FROM AFFILIATES 6819907 9333219 ACCOUNTS PAYABLE AFFILIATES 3734190 FAIR VALUE INTEREST RATE SWAP AGREEMENT 3397200 OTHER LONG TERM LIABILITIES 131029 REFUNDABLE ADVANCES ON LIFE LEASES 24249478 31511897 X 0 1 X X X 0 1 0 0 0 0 0 1 0 LARRY YACHCIK CEO 292946 0 41551 0 7000 0 7226 0 6709 0 355432 0 0 0 REED VANDER SLIK COO 151539 0 22200 0 644 0 2886 0 13173 0 190442 0 0 0 INGRID WEAVER SENIOR VP OF OPERATIONS 140313 0 13389 0 490 0 3084 0 12117 0 169393 0 0 0 SUSAN STODDARD CFO - PART YEAR 123982 0 20308 0 917 0 2904 0 12184 0 160295 0 0 0 PART I, LINE 1A PORTER HILLS PRESBYTERIAN VILLAGE PAYS A COUNTRY CLUB FEE FOR THE PRESIDENT OF THE COMPANY. THE TOTAL COST IS $9,256 PART I, LINE 4B THE PRESIDENT OF PORTER HILLS PRESBYTERIAN VILLAGE PARTICIPATES IN A 457 PLAN. $15,000 WAS THE EMPLOYER'S CONTRIBUTION INTO THE PLAN. PART I, LINE 7 PART OF THE COMPENSATION IS VARIABLE AND AT THE DISCRETION OF THE BOARD OF DIRECTORS A THE ECONOMIC DEVELOPMENT CORPORATION OF THE CHARTER TOWNSHIP OF GRAND RAPID 386005448 2013-11-05 34285043 SEE PART VI 0 0 0 B MICHIGAN STRATEGIC FUND 521417332 2013-11-05 17574957 SEE PART VI 0 0 0 C THE ECONOMIC DEVELOPMENT CORPORATION OF THE CHARTER TOWNSHIP OF GRAND RAPID 386005448 2014-06-27 10000000 SEE PART VI 0 0 0 A 34285043 236146 34285043 2014 1 0 1 1 B 17574957 120854 17574957 2014 1 0 1 1 C 10000000 10000000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 0 0 0 0 A 0 B 0 C 0 FORM 990, SCHEDULE K, PART I, LINE A, COLUMN F REFINANCE INTERIM TAXABLE FACILITY WHICH CLOSED ON 09/30/2013, THE PROCEEDS OF WHICH FINANCED THE OPTIONAL REDEMPTION OF REFUNDED BONDS WITH THE LAST CALL DATE OF 11/01/2013. FORM 990, SCHEDULE K, PART I, LINE B, COLUMN F REFINANCE INTERIM TAXABLE FACILITY WHICH CLOSED ON 09/30/2013, THE PROCEEDS OF WHICH FINANCED THE OPTIONAL REDEMPTION OF REFUNDED BONDS WITH THE LAST CALL DATE OF 11/01/2013. FORM 990, SCHEDULE K, PART I, LINE C, COLUMN F THE PROCEEDS FINANCED THE PARTIAL OPTIONAL REDEMPTION OF THE BONDS DESCRIBED IN LINE "A" ABOVE AND PROVIDED ADDITIONAL FUNDING FOR THE PURCHASE PROPERTY AND EQUIPMENT. FORM 990, SCHEDULE K, PART II, LINE 7C NONE OF THE BOND PROCEEDS WERE USED TO PAY FOR THE BOND ISSUANCE COST. FORM 990, PART VI, SECTION A, LINE 6 WESTMINSTER PRESBYTERIAN CHURCH IS THE SOLE MEMBER OF PORTER HILLS PRESBYTERIAN VILLAGE. FORM 990, PART VI, SECTION A, LINE 7A WESTMINSTER PRESBYTERIAN CHURCH CAN ELECT BOARD MEMBERS TO PORTER HILLS PRESBYTERIAN VILLAGE. FORM 990, PART VI, SECTION A, LINE 7B THE SLATE OF PORTER HILLS PRESBYTERIAN VILLAGE BOARD MEMBERS NEEDS APPROVAL BY WESTMINSTER CHURCH'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE WHETHER OR NOT THEY HAVE ANY INTEREST THAT MAY RESULT IN A CONFLICT. THE FORM WHICH THEY SIGN REQUIRES THEM TO PROMPTLY REPORT ANY POSSIBLE EXSISTENCE OF A CONFLICT OF INTEREST FOR THEMSELVES OR ANYONE ELSE SUBJECT TO THE POLICY. IF A POSSIBLE CONFLICT WAS REPORTED ON THE ANNUAL FORM OR IF NOTICE WAS GIVEN AFTER THE ANNUAL DISCLOSURE, THE INFORMATION DISCLOSED WOULD BE EVALUATED AND IF NECESSARY, COMPLIANCE WOULD BE ENFORCED. FORM 990, PART VI, SECTION B, LINE 15 FOR EXECUTIVE COMPENSATION A MINIMUM OF THREE SOURCES ARE USED. EACH SOURCE IS A THIRD PARTY ORGANIZATION SPECIALIZING IN COMPENSATION IN THE WEST MICHIGAN AREA. THE INFORMATION IS THEN COMPILED BY THE HR DEPARTMENT AND USED TO MAKE A RECOMMENDATION ON THE SALARY FOR EACH PERSON. THE RECOMMENDATION IS REVIEWED AND APPROVED BY AN INDEPENDENT PERSON. FORM 990, PART VI, SECTION C, LINE 19 .THE FINANCIALS AND FORM 990 ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -275,188. UNREALIZED LOSS ON JOINT VENTURES -725,684. FORM 990, PART XII LINE 2C THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED. PORTER HILLS FOUNDATION 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383243846 SUPPORTING ORGANIZATION MI 501 C 3 11A PORTER HILLS PRESBYTERIAN INC 1 MEADOWLARK RETIREMENT HOME 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383373281 RETIREMENT HOME MI 501 C 3 7 N/A 1 PORTER HILLS HOME CARE 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383384372 HOME CARE MI 501 C 3 9 N/A 1 GERONTOLOGY NETWORK 516 CHERRY SE GRAND RAPIDS MI 49503 382774701 HEALTH SERVICES MI 501 C 3 7 PORTER HILLS PRESBYTERIAN INC 1 WALKER MEADOW RETIREMENT 1101 WILSON AVE GRAND RAPIDS MI 49534 383283760 RETIREMENT HOME MI 501 C 3 7 N/A 1 OAK RIDGE RETIREMENT 3781 GIDDINGS GRAND RAPIDS MI 49508 383382610 RETIREMENT HOME MI 501 C 3 7 N/A 0 HARVEST WAY RETIREMENT 100 IDA ROAD SPARTA MI 49345 383445251 RETIREMENT HOME MI 501 C 3 7 N/A 0 RIVER GROVE RETIREMENT 5761 JUPITER AVE BELMONT MI 49306 383519530 RETIREMENT HOME MI 501 C 3 7 N/A 0 BAILEYS RETIREMENT 5252 BAILEYS CENTER KENTWOOD MI 49512 383643825 RETIREMENT HOME MI 501 C 3 7 N/A 0 STATION CREEK RETIREMENT 10010 CROSSROAD COURT CALEDONIA MI 49316 200771871 RETIREMENT HOME MI 501 C 3 7 N/A 0 LIFE CIRCLES 560 SEMINOLE ROAD MUSKEGON MI 49444 260170498 PACE PROGRAM MI 501 C 3 9 N/A 1 PORTER HILLS HOME HEALTH EAST 4450 CASCADE ROAD GRAND RAPIDS MI 49546 383358620 PRIVATE DUTY AND TRANSPORTATION COMPANY MI 501 C 3 9 N/A 1 AVENUES BY PORTER HILLS 4450 CASCADE ROAD GRAND RAPIDS MI 49546 453469541 HOME CARE MI 501 C 3 9 N/A 1 MARYWOOD HOME HEALTH 2025 FULTON ST EAST GRAND RAPIDS MI 49503 454065572 HOME CARE MI 501 C 3 7 N/A 0 MARYWOOD HEALTH CENTER 111 LAKESIDE DRIVE NE GRAND RAPIDS MI 49503 455553307 HEALTH AND REHABILITATION FACILITY MI 501 C 3 7 N/A 0 PORTER HILLS HOME HEALTH WEST 4450 CASCADE ROAD SE STE 200 GRAND RAPIDS MI 49546 383384372 CERTIFIED HOME HEALTH MI 501 C 3 7 PORTER HILLS PRESBYTERIAN INC 0 1 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 PORTER HILLS FOUNDATION C 952803 ACTUAL AMOUNT DONATED PORTER HILLS HOME HEALTH EAST M 669822 ACTUAL AMOUNT CHARGED LIFE CIRCLES L 497469 ALLOCATION OF COST GERONTOLOGY NETWORK L 76921 ALLOCATION OF COST GERONTOLOGY NETWORK D 700000 ACTUAL AMOUNT