2016-08-12T10:46:08-05:00 2015-12-31 520783935 SMITH ELLIOTT KEARNS & COMPANY LLC 480 N POTOMAC ST HAGERSTOWN MD 21740 990 2015-01-01 520610464 FAHRNEY-KEEDY MEMORIAL HOME INC AKA FAHRNEY-KEEDY HOME AND VILLAGE FAHR 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 217131818 WAYNE STOUFFER TREASURER/CFO 3017336284 2016-08-11 TIMOTHY E PETERS CPA P00957675 3017335020 2016-08-11 2015 2016-12-15 16:53:06Z STEPHEN COETZEE 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 13013486 false X WWW.FKHV.ORG X 1905 MD WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 101 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. 15 15 256 64 0 593938 650694 12427803 12182673 41418 14971 5419 11439 13068578 12859777 0 0 7368406 6848895 0 35683 5799580 6293063 13167986 13141958 -99408 -282181 22588254 21910358 8560221 8564392 14028033 13345966 X WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 101 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. false false 6535214 9416051 NURSING SERVICES TO PRIVATE PAY, MEDICARE, AND MEDICAID RESIDENTS. 845383 1883822 ASSISTED LIVING SERVICES. 514894 822189 INDEPENDENT LIVING SERVICES. 4072010 60611 ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, AND PROPERTY SERVICES. 4072010 60611 11967501 true true false false false false false false false true true false false true true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 32 0 true 256 true false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false MD X WAYNE STOUFFER 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 MARY ROSBOROUGH CHAIR 8.00 X X 0 0 0 DAVID ESWORTHY VICE CHAIR 2.00 X X 0 0 0 CHARLES ANGLE DIRECTOR 2.00 X 0 0 0 JAMES BENEDICT DIRECTOR 2.00 X 0 0 0 LERRY FOGLE DIRECTOR 2.00 X 0 0 0 LESLIE HART DIRECTOR 2.00 X 0 0 0 MARK HERR DIRECTOR 2.00 X 0 0 0 KAY HOFFMAN DIRECTOR 2.00 X 0 0 0 PAT LINTON DIRECTOR 2.00 X 0 0 0 DR HEATHER LORENZO DIRECTOR 2.00 X 0 0 0 JOHN MILLER DIRECTOR 2.00 X 0 0 0 RICHARD PRYOR DIRECTOR 2.00 X 0 0 0 DENISE RYAN DIRECTOR 2.00 X 0 0 0 DOROTHY STRAWSBURG DIRECTOR 2.00 X 0 0 0 LOYAL VANDERVEER DIRECTOR 2.00 X 0 0 0 CASSANDRA WEAVER EXECUTIVE DI 40.00 X 88175 0 11800 KEITH BRYAN FORMER CEO 40.00 X 80287 0 0 WAYNE STOUFFER TREASURER/CF 40.00 X 76615 0 3307 STEPHEN COETZEE PRESIDENT/CE 40.00 X 63466 0 2491 308543 17598 false false false DIVISION 9 CONSTRUCTION LLC PO BOX 286 NEW MARKET MD 21774 CONSTRUCTION 206803 1 134458 516236 650694 PATIENT SERVICE 623000 11299873 11299873 AMORTIZATION OF ENTRANCE FEES 623000 484910 484910 INDEPENDENT LIVING 623000 337279 337279 MISCELLANEOUS PROGRAM SERVICE 623000 60611 60611 12182673 41788 41788 118850 1150 118850 27967 -26817 -26817 -26817 18331 6892 11439 11439 12859777 12182673 26410 X 326141 125557 164901 35683 4984210 4604995 379215 39869 38229 1640 1104847 1031993 72854 393828 353635 40193 38225 38225 30237 28370 1867 57383 57383 2571644 2445673 125971 63189 2721 60468 501395 463451 37944 67858 67858 501855 485846 16009 59446 55855 3591 14823 10101 4722 133003 126167 6836 701299 671169 30130 110873 105174 5699 REPAIRS & MAINTENANCE 458588 440360 18228 PRESCRIPTION DRUGS 333562 333562 FOOD COSTS 296985 296985 BAD DEBTS 252710 252710 99988 56723 43265 13141958 11967501 1138774 35683 978057 215224 1589184 848278 1405169 1351724 227613 194249 22738905 11293432 10188646 11445473 808897 768866 186194 201168 7204494 6885376 22588254 21910358 879153 734700 3322469 3190857 3803257 4247428 555342 391407 8560221 8564392 X 6948775 6609530 7079258 6736436 14028033 13345966 22588254 21910358 -282181 -399886 X false true X true true true X 541331 444404 2019761 593938 650694 4250128 11902907 12694420 12589414 12427803 12182673 61797217 13751 18331 32082 12444238 13138824 14609175 13035492 12851698 66079427 4553 20476 1387503 49537 101283 1563352 4553 20476 1387503 49537 101283 1563352 64516075 63533 53608 40843 41418 41788 241190 63533 53608 40843 41418 41788 241190 12507771 13192432 14650018 13076910 12893486 66320617 0.97280 0.99640 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 995091 -25057 970034 914974 80117 995091 823636 91338 914974 754636 73902 4902 823636 756179 5910 7453 754636 1.00000 false false 10284 10284 19131913 9049389 10082524 2008704 1467453 541251 1588004 776590 811414 11445473 BENEFICIAL INTEREST IN TRUSTS 5736436 OPERATING RESERVE 1102984 DEFERRED COSTS, NET 45956 6885376 LIFE CARE CREDITS 172586 CAPITAL LEASE 76712 LINE OF CREDIT 75000 ESTIMATED THIRD-PARTY SETTLEMENT 67109 ESTIMATED UNREPORTED CLAIMS 391407 X 12413567 -399886 6892 -392994 12806561 53216 53216 12859777 13095634 6892 6892 13088742 53216 53216 13141958 SCHEDULE D, PAGE 2, PART V, LINE 4 THE HOME HAS A DONOR-RESTRICTED ENDOWMENT FUND, OF WHICH THE ORIGIANL PRINCIPAL PORTION OF THE FUND IN THE AMOUNT OF 1,000,000 MAY NOT BE EXPENDED. THE INCOME EARNED ON THE ENDOWMENT FUND, INCLUDING APPRECIATION, IS EXPENDABLE, BUT ONLY FOR THE MAINTENANCE AND REPAIR OF THE HOME'S FACILITIES, AS REQUIRED BY THE DONOR. ASC 958 PROVIDES GUIDANCE ON THE NET ASSET CLASSIFICATION OF DONOR RESTRICTED ENDOWMENT FUNDS FOR A NOT-FOR- PROFIT ORGANIZATION THAT IS SUBJECT TO AN ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT OF 2006 (UPMIFA). ASC 958 ALSO REQUIRES DISCLOSURES ABOUT AN ORGANIZATION'S ENDOWMENT FUNDS (BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND BOARD DESIGNATED ENDOWMENT FUNDS), WHETHER OR NOT THE ORGANIZATION IS SUBJECT TO UPMIFA. PERMANENTLY RESTRICTED NET ASSETS REPRESENT THE FIAR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE AND THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO DONOR-RESTRICTED ENDOWMENT FUNDS. ENDOWMENT INVESTMENT AND SPENDING POLICY: THE HOME'S INVESTMENT POLICY IS TO PROVIDE A COMMON INVESTMENT VEHICLE, WHICH WILL GENERATE A STABLE AND CONTINUOUSLY GROWING INCOME STREAM TO SUPPORT OPERATIONS. THE OVERALL INVESTMENT GOAL IS TO PRESERVE THE PURCHASING POWER OF THE FUTURE STREAM OF ENDOWMENT PAYOUT FOR THOSE FUNDS. OTHER GOALS INCLUDE MAXIMIZING RETURN WITHIN REASONABLE AND PRUDENT LEVELS OF RISK AND MAXIMIZING THE VALUE OF THE ENDOWMENT WHILE MAINTAINING LIQUIDITY NEEDED TO SUPPORT SPENDING IN PROLONGED DOWN MARKETS. THE HOME SEEKS A RETURN ON INVESTMENT CONSISTENT WITH LEVELS OF INVESTMENT RISK THAT ARE PRUDENT AND REASONABLE GIVEN MEDIUM-TO-LONG-TERM CAPITAL MARKET CONDITIONS AND THE INVESTMENT OBJECTIVES. THE HOME HAS BEEN ENABLED BY DONORS TO SPEND THE INTEREST AND DIVIDENDS DERIVED FROM THE ENDOWMENT FUND ON ITS OPERATIONS. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR REQURES THE HOME TO RETAIN AS A FUND OF PERPETUAL DURATION. IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALL ACCEPTED IN THE UNITED STATES OF AMERICA, DEFICIENCIES OF THIS NATURE THAT ARE REPORTED IN UNRESTRICTED NET ASSETS WERE (29,966) AND (4,909) AS OF DECEMBER 31, 2015 AND 2014, RESPECTIVELY. THESE DEFICIENCIES RESULTED FROM UNFAVORABLE MARKET FLUCTUATIONS THAT OCCURRED SHORTLY AFTER THE INVESTMENT OF NEW PERMANENTLY RESTRICTED CONTRIBUTIONS. SCHEDULE D, PAGE 3, PART X THE HOME FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE HOME'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31, 2015 AND 2014. THE HOME'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE AND LOCAL TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B 6,892 SCHEDULE D, PAGE 4, PART XI, LINE 4B PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN 53,216 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B 6,892 SCHEDULE D, PAGE 4, PART XII, LINE 4B PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN 53,216 GOLF TOURNAMENT 18331 18331 6892 18331 18331 6892 6892 11439 FORM 990 - ORGANIZATION'S MISSION WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 101 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. FORM 990, PAGE 2, PART III, LINE 4D ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, AND PROPERTY SERVICES. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD MEETS SEMI-MONTHLY AND THE 990 INFORMATION IS PROVIDED AT THEIR NEXT MEETING AFTER THE 990 IS RECEIVED. FORM 990, PAGE 6, PART VI, LINE 12C QUESTIONS, CLARIFICATIONS, AND VIOLATION/REPORTING ISSUES SHOULD BE DIRECTED TO THE APPROPRIATE DEPARTMENT HEAD, FACILITY ADMINISTRATOR, CORPORATE COMPLIANCE OFFICER, OR CORPORATE COMPLIANCE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AND SUBMITTED IN A LETTER BY THE PRESIDENT OF THE BOARD OF DIRECTORS TO THE ACCOUNTING DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE ACCOUNTING OFFICE AND THE CEO'S OFFICE. FORM 990, PART IX, LINE 11G OCCUPATIONAL THERAPY 488,578 0 0 PHYSICAL THERAPY 506,749 0 0 SPEECH THERAPY 152,188 0 0 DIETARY SERVICES 624,648 0 0 LAB CHARGES 32,101 0 0 OTHER FEES FOR SERVICES 641,409 125,971 0 FORM 990, PART XI, LINE 9 DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B 6,892 PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN -53,216 DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B -6,892 PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN 53,216