2016-05-13T10:30:27-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2014-07-01 231611427 LUTHERAN COMMUNITY AT TELFORD INC LUTH 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 DAN MCKEE CEO 2157239819 2016-05-11 1 JAMES D WATSON P01450300 2156433900 2014 2016-08-17 19:52:53Z DAN MCKEE 12 LUTHERAN HOME DRIVE TELFORD PA 18969 24266997 0 X WWW.LCTELFORD.ORG X 1958 PA TO PROVIDE HEALTHCARE SERVICES FOR LUTHERAN COMMUNITY OF TELFORD RETIREMENT COMMUNITY RESIDENTS. 18 18 410 142 0 0 285392 354119 19823972 20457027 494487 695849 252505 236166 20856356 21743161 0 0 0 0 10509966 11166737 0 0 41326 9639009 9695801 20148975 20862538 707381 880623 65505230 65459697 56527619 55484493 8977611 9975204 TO PROVIDE PROGRESSIVE LEVELS OF CARE INCLUDING PERSONAL CARE AND SKILLED NURSING IN A SECURE CHRISTIAN ENVIRONMENT. 0 0 8387739 0 8107204 OUR 75-BED HEALTHCARE NEIGHBORHOOD IS LICENSED BY THE PENNSYLVANIA DEPARTMENT OF HEALTH. IT IS BOTH A MEDICARE AND MEDICAID APPROVED FACILITY. AT THE LUTHERAN COMMUNITY AT TELFORD (LCT), OUR PHILOSOPHY OF "PERSON-CENTERED CARE", ALLOW RESIDENTS TO LIVE IN SMALL NEIGHBORHOODS AND FORM CLOSE RELATIONSHIPS WITH EACH OTHER AND WITH STAFF. THEY NOT ONLY RECEIVE EXPERT CARE FROM PEOPLE WHO REALLY KNOW THEM, THEY ALWAYS HAVE A VOICE AND CHOICE IN DIRECTING THEIR CARE. OVER THE PAST TWO YEARS, THE LCT HAS HAD MEDICAID CONTRACTUAL ALLOWANCES OF $1.7M IN 2015 AND 2014. 5797967 0 8443218 RESIDENTIAL LIVING AT LUTHERAN COMMUNITY AT TELFORD PROVIDES YOU WITH A NEWFOUND SENSE OF FREEDOM, MAINTENANCE FREE LIFESTYLE WHERE YOU GET TO RELAX AND CELEBRATE LIFE WITHOUT THE BURDEN OF HOME MAINTENANCE AND THE SECURITY. LCT HAS 202 APARTMENTS OF VARYING STYLES IN OUR THREE APARTMENT BUILDINGS: LUTHER VILLAGE, HARBINGER TERRACE AND THE MEADOWS FOR ALMOST ANY BUDGET; AS WELL AS 48 COTTAGE STYLE HOMES THROUGHOUT OUR 50 ACRE CAMPUS. BENEVOLENT CARE IS ALSO AVAILABLE FOR THOSE RESIDENTIAL / INDEPENDENT RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. 4003254 0 3906605 LUTHERAN COMMUNITY AT TELFORD IS LICENSED BY THE DEPARTMENT OF PUBLIC WELFARE FOR PERSONAL CARE FOR 125 RESIDENTS. OUR PERSONAL CARE IS DESIGNED FOR THE RESIDENT WHO REQUIRES ASSISTANCE WITH ACTIVITIES OF DAILY LIVING INCLUDING MEDICATION ADMINISTRATION. LCT'S ENVIRONMENT ENCOURAGES INDEPENDENCE, WHILE OFFERING CARE AND SUPPORT APPROPRIATE TO INDIVIDUAL NEEDS. LCT OFFERS A PERSONAL CARE MEMORY SUPPORT, OFFERS A STIMULATING ENVIRONMENT FOR 23 RESIDENTS THAT ENSURES A SENSE OF SECURITY AND STABILITY. LCT ALSO OFFERS PERSONAL CARE SUITES AND PERSONAL CARE STUDIOS THAT WILL MEET THE NEEDS OF ALL OUR RESIDENTS. BENEVOLENT CARE IS AVAILABLE FOR THOSE RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. LCT HAS GRANTED NEARLY $1 MILLION OF BENEVOLENT CARE OVER THE PAST THREE FISCAL YEARS. 18188960 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 42 0 410 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 PA X DAN MCKEE 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 FREDERICK SCHEA CHAIRMAN 2.00 2.00 X X 0 0 0 REV ROBERT MITMAN VICE CHAIR 2.00 0.00 X X 0 0 0 JUNE BAIR SECRETARY 2.00 0.00 X X 0 0 0 WILLIAM CRESSMAN TREASURER 2.00 0.00 X X 0 0 0 DAVID ALBURGER DIRECTOR 1.00 0.00 X 0 0 0 MARILYNNE BAGOSY DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM CATTO DIRECTOR 1.00 0.00 X 0 0 0 REV MUKESH CHEEDIE DIRECTOR 1.00 0.00 X 0 0 0 FRED CROUTHAMEL DIRECTOR 1.00 0.00 X 0 0 0 JOANNE FABIAN DIRECTOR 1.00 0.00 X 0 0 0 BETTY JEAN HANSON DIRECTOR 1.00 0.00 X 0 0 0 JOHN LINDSAY DIRECTOR 1.00 0.00 X 0 0 0 REV DAVID LUTCHER DIRECTOR 1.00 0.00 X 0 0 0 DEB NYCE DIRECTOR 1.00 0.00 X 0 0 0 RON SMITH DIRECTOR 1.00 0.00 X 0 0 0 DR JEFFERY THATCHER DIRECTOR 1.00 0.00 X 0 0 0 REV JOSEPH VARSANYI DIRECTOR 1.00 0.00 X 0 0 0 JUDITH WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 DAN MCKEE PRESIDENT & CEO 40.00 0.00 X 188677 0 16556 JOHN DUBYK VP FINANCE 40.00 0.00 X 127492 0 3562 ELLEN SHRAGER VP OPERATIONS 40.00 0.00 X 157842 0 11897 THEODORE G LEISTER DIRECTOR OF FACILITY DEVELOPMENT 40.00 0.00 X 119038 0 17621 593049 0 49636 4 0 1 0 CURA HOSPITALITY PO BOX 644091 PITTSBURGH PA 15264 FOOD SERVICE 1358716 G B BUILDERS 1010 PENNY ROAD GREEN LANE PA 18054 CONSTRUCTION 473663 C&S LAWN & LANDSCAPE INC 562 MELVIN ROAD TELFORD PA 18969 LANDSCAPING 468570 SELECT REHABILITATION 2600 COMPASS RD GLENVIEW IL 60026 REHABILITATION 450384 E ALLEN REEVES INC 1145 YORK ROAD PO BOX 0289 ABINGTON PA 19001 CONSTRUCTION 308599 8 29498 240000 84621 354119 INDEPENDENT LIVING 623990 8443218 8443218 SKILLED NURSING 623990 7915047 7915047 PERSONAL CARE 623990 3906605 3906605 PHARMACY 900099 120657 120657 ADMISSION FEES 900099 71500 71500 20457027 397435 397435 13230 2203 11027 11027 11027 2815449 2516699 336 298750 -336 298414 298414 32534 29498 4598 27936 27936 INCONTINENT REVENUE 900099 94104 94104 NON-RESIDENT MEALS 900099 67753 67753 35346 35346 197203 21743161 20457027 0 932015 502862 73115 388421 41326 8845362 7852134 993228 137873 137873 1004188 794238 209950 676452 570000 106452 30228 30228 34000 34000 75651 75651 1207860 1149862 57998 165245 165245 55625 55625 91866 91866 1047697 1047697 8070 8070 1552906 1552906 2543923 2543923 373105 164850 208255 MAINTENANCE & SERVICE S 852612 852612 FOOD 850728 850728 SUPPLIES, RESIDENT ACTI 806285 736895 69390 20862538 18188960 2632252 41326 361237 686902 1534696 1878583 58559 18150 1455287 936543 261496 275849 78548329 32865314 45690864 45683015 12059341 12234341 260000 260000 3823750 3486314 65505230 65459697 2261671 2257805 18383944 18475780 1610001 1558901 33477750 32592524 794253 599483 56527619 55484493 X 8977611 9961224 0 13980 8977611 9975204 65505230 65459697 X 880623 -270278 387248 X 0 1 X 1 0 X 668241 945554 366416 285392 354119 2619722 16266866 17620149 18631025 19967350 20586477 93071867 16935107 18565703 18997441 20252742 20940596 95691589 0 0 0 95691589 299996 298401 309357 391057 410665 1709476 299996 298401 309357 391057 410665 1709476 122759 90422 85828 101612 129785 530406 17357862 18954526 19392626 20745411 21481046 97931471 0.97710 0.97330 0.01750 0.01800 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: NON-RESIDENT MEALS - 2010 AMOUNT: $ 53,893. 2011 AMOUNT: $ 57,907. 2012 AMOUNT: $ 52,644. 2013 AMOUNT: $ 49,000. 2014 AMOUNT: $ 67,753. SPECIAL EVENT REVENUES - 2010 AMOUNT: $ 68,866. 2011 AMOUNT: $ 32,515. 2012 AMOUNT: $ 33,184. 2013 AMOUNT: $ 52,612. 2014 AMOUNT: $ 62,032. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 18556 18556 387127 131429 500000 18556 387127 387127 11268647 11268647 61181463 28964707 32216756 5811681 3900607 1911074 286538 286538 45683015 NET DEFERRED FINANCING COSTS 568851 ESCROW FUNDS 1341146 DEBT SERVICE FUND 1576317 3486314 FAIR VALUE OF INTEREST RATE SWAP 599483 599483 X 21599138 -270278 199367 -70911 21670049 75651 -2539 73112 21743161 20601545 7137 7137 20594408 75651 192479 268130 20862538 PART IV, LINE 2B: THE ORGANIZATION HAS ESCROW FUNDS THAT REPRESENT THE REFUNDABLE ENTRANCE FEES OF RESIDENTS WHO HAVE PERMANENTLY MOVED FROM AN APARTMENT UNIT INTO THE NURSING OR PERSONAL CARE FACILITY. THESE FUNDS ARE RETAINED AS SECURITY FOR THE PAYMENT OF THE RESIDENTS' CHARGES AND ARE REFUNDED IF NOT NEEDED. AS OF JUNE 30, 2015 AND 2014, ESCROW FUNDS ARE $1,341,146 AND $1,418,990, RESPECTIVELY, AND ARE SHOWN ARE BOTH A NON-CURRENT ASSET AND A LONG-TERM LIABILITY. DEPOSITS ON UNOCCUPIED UNITS IN AMOUNTS RANGING BETWEEN $4,960 AND $31,500 PER UNIT ARE COLLECTED BY THE ORGANIZATION UPON EXECUTION OF A CONTINUING CARE AGREEMENT. EACH DEPOSIT REPRESENTS 10% OF THE TOTAL ENTRANCE FEE, WHICH IS REFUNDABLE THROUGH THE FIRST MONTH OF OCCUPANCY. THE BALANCE OF THE ENTRANCE FEE IS DUE UPON OCCUPANCY OF THE APARTMENT. MANAGEMENT ALSO COLLECTS A $1,000 REFUNDABLE DEPOSIT FROM PROSPECTIVE RESIDENTS PLACED ON A WAITING LIST. AT JUNE 30, 2015 AND 2014 DEPOSITS FOR THOSE ON WAITING LISTS ARE $133,000 AND $106,000, RESPECTIVELY. PART V, LINE 4: TO SUBSIDIZE OPERATIONS TO PROVIDE HEALTHCARE SERVICES FOR LUTHERAN COMMUNITY AT TELFORD RESIDENTS. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMMONWEALTH OF PENNSYLVANIA STATUTES. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. IT IS THE ORGANIZATION'S POLICY TO ACCOUNT FOR ANY INTEREST OR PENALTIES ASSESSED RELATING TO UNCERTAIN TAX POSITIONS, IF ANY, AS GENERAL AND ADMINISTRATIVE EXPENSES. THE ORGANIZATION DID NOT INCUR ANY INTEREST OR PENALTIES FOR THE YEARS ENDED JUNE 30, 2015 OR 2014. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 194,769. FUNDRAISING EXPENSES 4,598. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS - INCLUDED AS EXPENSE ON FINANCIAL STATEMENTS -336. RENTAL EXPENSE -2,203. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS IN DISPOSAL OF FIXED ASSETS 336. RENTAL EXPENSE 2,203. FUNDRAISING EXPENSES 4,598. PART XII, LINE 4B - OTHER ADJUSTMENTS: MA SNF ASSESSMENT 179,953. COMMUNICATIONS EXPENSE 4,144. MINOR FURNISHINGS ADJUSTMENT 1,589. ADJUSTMENTS FOR FINANCIAL STATEMENTS PRESENTATION 6,793. CENTURY CLUB 56653 29498 27155 2448 INDIAN VALLEY BEER FESTIVAL 4951 4951 2150 1 428 428 62032 29498 32534 4598 4598 27936 X X 0 0 0 0 0 0 0 0 0 DAN MCKEE PRESIDENT & CEO 181268 0 7409 0 0 0 5553 0 11003 0 205233 0 0 0 ELLEN SHRAGER VP OPERATIONS 154408 0 3434 0 0 0 4574 0 7323 0 169739 0 0 0 A BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232174016 118612LMO 2007-11-15 14000000 REFI & NEW CONSTRUCTION 0 0 0 B BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232174016 118612LMO 2007-11-15 8955000 REFI & NEW CONSTRUCTION 0 0 0 C TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY 232253252 2010-05-21 13745000 NEW CONSTRUCTION 0 0 0 A 1595000 13862556 989803 264840 4835858 7772055 2007 1 0 1 1 B 1140000 8955000 169404 12350 3093222 5680024 2007 1 0 1 1 C 662679 13178799 120461 13058157 180 2010 0 0 1 1 A 0 0 1 1 0 0.01260 0.01260 0 0 1 B 0 0 1 1 0 0.01260 0.01260 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 CITIZEN'S BANK 10.000000000000 0 0 0 1 1 B 0 0 0 1 1 1 CITIZEN'S BANK 10.000000000000 0 0 0 1 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/08/2013 ISSUER NAME: BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/08/2013 ISSUER NAME: TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/08/2016 SCHEDULE K, PART IV, LINE 6: FUNDS FROM BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY SERIES A AND B 2007 BONDS SPENT SLOWER THAN EXPECTED DUE TO DELAYS BUT USED PRIOR TO 11/14/2012 REPORTING PERIOD END. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE 33 NATURAL PERSONS OF FULL AGE APPOINTED BY CERTAIN CONGREGATIONS. EACH CONGREGATION SHALL APPOINT TWO LAYPERSONS FROM ITS ACTIVE MEMBERSHIP AND ONE ORDAINED CLERGY UNDER CALL OR APPOINTED TO THE CONGREGATION AS MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS WILL BE ELECTED BY THE MEMBERS AT THE ANNUAL ORGANIZATIONAL MEETING OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS (THE GROUP OF 33) MUST APPROVE ANY LAND PURCHASE OR DEVELOPMENT AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUHTORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT, AND REVIEWED BY THE CEO/PRESIDENT, CFO, AND BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR OR OFFICER WHO HAS AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OR A COMMITTEE FOR AUTHORIZATION, APPROVAL OR RATIFICATION SHALL MAKE A PROMPT AND FULL DISCLOSURE OF HIS OR HER INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON SUCH CONTRACT OR TRANSACTION. THE BODY TO WHICH SUCH DISCLOSURE IS MADE SHALL THEREUPON DETERMINE, BY MAJORITY VOTE, WHETHER THE DISCLOSURE SHOWS THAT A CONFLICT OF INTEREST EXISTS OR CAN REASONABLY BE CONSTRUED TO EXIST. IF A CONFLICT IS DEEMED TO EXIST, SUCH PERSON SHALL NOT VOTE ON, NOR USE HIS OR HER PERSONAL INFLUENCE ON, NOR PARTICIPATE (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) IN, THE DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO SUCH CONTRACT OR TRANSACTION. SUCH PERSON SHALL NOT BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING WHERE THE CONTRACT OR TRANSACTION IS UNDER DISCUSSION OR IS BEING VOTED UPON. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE, THE VOTE THEREON AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING AND PARTICIPATION, AND WHETHER A QUORUM WAS PRESENT. ANNUALLY THE BOARD DISTRIBUTES A CERTIFICATION REGARDING CONFLICT OF INTEREST FORM WHICH MUST BE COMPLETED AND SIGNED BY EACH BOARD MEMBER CERTIFYING THAT ALL CONFLICTS ARE DISCLOSED AND THEY ARE FAMILIAR WITH THE ORGANIZATIONS POLICY. THIS CERTIFICATION LAST OCCURED IN 2015. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE MADE UP OF INDEPENDENT BOARD MEMBERS WAS ESTABLISHED TO REVIEW EXECUTIVE SALARIES AS WELL AS OVERALL SALARY STRUCTURES. EACH YEAR THE BOARD GETS AN UPDATED COMPARISON OF 15 AREA STAND ALONE CONTINUING CARE RETIREMENT COMMUNITIES SHOWING THE MOST RECENT 990 SALARY FOR EACH. IN SETTING THE CEO SCALE, A SALARY SURVEY WAS PERFORMED THAT INCLUDED FOUR COMPETITORS IN THE AREA. THE ORGANIZATION ALSO PARTICIPATED IN AN EXECUTIVE SALARY SURVEY THAT INCLUDED EIGHT LOCAL COMMUNITIES. THE COMPARABILITY DATA WAS DELIBERATED ON AND APPROVED BY THE BOARD DURING EXECUTIVE SESSION IN NOVEMBER 2015. 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. FORM 990, PART XI, LINE 9: CHANGE ON SWAP AGREEMENT 194,769. OTHER RECONCILING ITEMS 192,479. LUTHERAN COMMUNITY AT TELFORD FUND 12 LUTHERAN HOME DRIVE TELFORD PA 18969 232694179 FUNDRAISING ACTIVITIES FOR AFFILIATED NON-PROFIT ENTITIES PA 501(C)(3) LINE 11A, I LUTHERAN COMMUNITY AT TELFORD INC 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 LUTHERAN COMMUNITY AT TELFORD FUND C 240000 CASH TRANSFERRED