2016-01-27T13:16:58-06:00 2015-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2014-07-01 232132688 ELM TERRACE GARDENS ELMT 2153615664 660 N BROAD STREET LANSDALE PA 19446 ROBERT C MCLAIN VP/CFO 2153615664 2016-01-27 1 JULIUS GREEN CPA JD P00350393 2159720701 2014 2016-04-25 22:37:26Z TIMOTHY MURPHY 660 N BROAD STREET LANSDALE PA 19446 16373542 0 X WWW.ETG-CCRC.ORG X 1979 PA PROVIDES QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS. 12 12 193 110 0 0 3500 150 15725889 15822497 87736 100818 138304 161273 15955429 16084738 0 0 0 0 6045826 6562964 0 0 0 7924080 8685291 13969906 15248255 1985523 836483 29680042 30768469 22021818 22339667 7658224 8428802 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 NOURSHING ENVIRONMENT. ACCORDINGLY, WE SEEK THE HIGHEST LEVELS OF RESIDENT WELL BEING WITHIN THE CONTEXT OF STATE-OF-THE-ART LONG TERM CARE. 0 0 13402328 0 15822497 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 59-BED PERSONAL CARE FACILITY, AND 134 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 262 RESIDENTS DURING THE FISCAL YEAR. 13402328 1 0 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 21 0 1 193 1 0 0 0 0 0 0 0 0 0 0 X 12 12 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 VICE CHAIRMAN 2.00 X X 0 0 0 DIL KULATHUM CHAIRMAN 2.00 X X 0 0 0 JOHN HENLEY DIRECTOR 2.00 X 0 0 0 HAROLD MATHUES TREASURER 2.00 X X 0 0 0 REV DR KENT BERGHUIS DIRECTOR (RES. APRIL 2015) 2.00 X 0 0 0 DON HELPA SECRETARY 2.00 X X 0 0 0 ELIZABETH A SMITH DIRECTOR (RES. JAN. 2015) 2.00 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 TIMOTHY MURPHY PRESIDENT/CEO 40.00 X 191894 0 14896 ROBERT MCLAIN VP/CFO 40.00 X 176338 0 18335 MILDRED BUTLER-COLEMAN EXECUTIVE DIRECTOR 40.00 X 102309 0 9977 470541 0 43208 3 0 1 0 MORRISON SENIOR DINING PO BOX 102289 ATLANTA GA 30368 FOOD SERVICE 2729000 GENESIS REHAB PO BOX 821322 PHILADELPHIA PA 19175 THERAPY 775228 HORIZON GENERAL CONTRACTORS 305 N READING ROAD EPHRATA PA 17522 CONSTRUCTION 282089 CONTRACT PHARMACY SERVICES 125 TITUS AVENUE WARRINGTON PA 18976 PHARMACY SERVICES 239105 NURSING CARE SERVICES 2031 N BROAD ST LANSDALE PA 19446 AGENCY STAFF 171124 6 150 150 NET RESIDENT SERVICE REVENUE 623000 15822497 15822497 15822497 99792 99792 72025 43499 28526 28526 28526 233724 232698 1026 1026 1026 41470 12607 28863 28863 GUEST QUARTERS & MEALS 623000 27039 27039 TELEPHONE REVENUE 623000 25485 25485 BARBER & BEAUTY REVENUE 623000 19923 19923 31437 31437 103884 16084738 15822497 0 262091 X 401463 401463 4906845 4208148 698697 158384 140843 17541 645086 569045 76041 451186 305993 145193 22141 22141 42110 42110 631 631 4030282 4030282 99378 99378 349177 231565 117612 89767 89767 910276 910276 34958 24263 10695 7950 7950 294950 294950 1597669 1597669 112096 112096 MEDICAL SUPPLIES 466799 466799 REPAIRS 194650 194650 PA NURSING HOME ASSES. 176492 176492 LICENSES AND FEES 109268 9477 99791 146697 129780 16917 15248255 13402328 1845927 0 300 300 905560 1711278 918 918 1587340 955509 31895 32470 116713 70396 36501292 13330868 22723098 23170424 4260887 4638674 53331 188500 29680042 30768469 1204460 1769251 251845 256246 9559902 9018756 140476 0 10865135 11295414 22021818 22339667 X 7658224 8428802 7658224 8428802 29680042 30768469 836483 -65905 0 X 0 1 X 1 0 X 94401 43456 52634 3500 150 194141 13022546 13785663 15205268 15725889 15822497 73561863 13116947 13829119 15257902 15729389 15822647 73756004 850 750 600 350 1650 4200 0 850 750 600 350 1650 4200 73751804 108724 87232 143738 114907 171817 626418 108724 87232 143738 114907 171817 626418 50350 59992 128668 118906 145352 503268 13276021 13976343 15530308 15963202 16139816 74885690 0.98490 0.98720 0.00840 0.00740 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2010 AMOUNT: $ 4,934. 2011 AMOUNT: $ 5,146. 2012 AMOUNT: $ 7,451. 2013 AMOUNT: $ 7,705. 2014 AMOUNT: $ 10,555. GUEST QUARTERS MEALS - 2010 AMOUNT: $ 20,797. 2011 AMOUNT: $ 25,697. 2012 AMOUNT: $ 27,363. 2013 AMOUNT: $ 20,903. 2014 AMOUNT: $ 27,037. STORE INVENTORY - 2010 AMOUNT: $ 24,619. 2011 AMOUNT: $ 29,149. 2012 AMOUNT: $ 34,623. 2013 AMOUNT: $ 36,950. 2014 AMOUNT: $ 41,470. TELEPHONE REVENUE - 2012 AMOUNT: $ 20,113. 2013 AMOUNT: $ 17,695. 2014 AMOUNT: $ 25,485. BARBER AND BEAUTY SHOP - 2012 AMOUNT: $ 19,597. 2013 AMOUNT: $ 19,175. 2014 AMOUNT: $ 19,923. TRANSPORTATION REVENUE - 2012 AMOUNT: $ 10,599. 2013 AMOUNT: $ 11,228. 2014 AMOUNT: $ 8,438. LAUNDRY REVENUE - 2012 AMOUNT: $ 8,922. 2013 AMOUNT: $ 5,250. 2014 AMOUNT: $ 12,444. 0 0 0 0 0 0 0 0 1 631 631 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 32977395 11808474 21168921 1522394 1522394 0 494386 494386 23170424 REFUNDABLE FEES AND DEPOSITS 409644 DEFERRED REVENUE FROM ENTRANCE FEES 10885770 11295414 X 15962351 -65905 -56482 -122387 16084738 0 16084738 15191773 0 15191773 56482 56482 15248255 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 2015 AND 2014. THE COMPANY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE YEARS PRIOR TO 2012 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -56,482. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 56,482. X X X 0 0 0 0 0 0 0 1 0 TIMOTHY MURPHY PRESIDENT/CEO 166309 0 21425 0 4160 0 11057 0 3839 0 206790 0 0 0 ROBERT MCLAIN VP/CFO 151421 0 19431 0 5486 0 10089 0 8246 0 194673 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 4308818 10000000 1315000 8685000 2004 1 0 1 1 B 1800283 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 0 0 1 0 0 0 0 1 D 0 0 0 1 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 IT 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 TURNS, 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 2,738,889. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,738,889. OCCUPATIONAL THERAPY SERVICES: PROGRAM SERVICE EXPENSES 332,655. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 332,655. PHYSICAL THERAPY SERVICES: PROGRAM SERVICE EXPENSES 392,727. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 392,727. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 566,011. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 566,011.