2016-07-25T14:37:39-05:00 2015-12-31 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2015-01-01 521874053 OAK CREST VILLAGE INC OAKC 4106651000 8800 WALTHER BOULEVARD PARKVILLE MD 21234 EILEEN ERSTAD TREASURER 4106651000 2016-07-20 1 JAMES P SWEENEY CPA P01263012 4102469300 2015 2016-12-15 16:53:06Z JAMES ANDERS 8800 WALTHER BOULEVARD PARKVILLE MD 21234 93666200 0 X WWW.NATIONALSENIORCAMPUSES.ORG X 1994 MD PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. 10 10 1667 664 0 0 1197539 286952 88823062 92470152 397489 319872 599640 504603 91017730 93581579 127905 112378 0 0 43497274 43933010 0 0 235619 42469858 45358881 86095037 89404269 4922693 4177310 352355379 360702207 317331747 325006901 35023632 35695306 X OUR MISSION IS TO PROMOTE AN ACTIVE AND ENGAGED QUALITY OF LIFE FOR SENIORS AND TO ACHIEVE EXCELLENCE IN SERVICES AND PROGRAMS WITH UNMATCHED VALUE FOR OUR PRESENT AND FUTURE RESIDENTS. WE WORK TO MAINTAIN AFFORDABILITY AND LIFELONG COMMITMENT FOR MIDDLE INCOME SENIORS WHILE ENSURING THE LONG-TERM FINANCIAL STABILITY OF THE COMMUNITY. 0 0 85773748 112378 92470152 OAK CREST VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, ALL OF WHOM RESIDE IN 1,520 INDEPENDENT LIVING UNITS (INCLUDING 3 GUESTROOMS), 133 ASSISTED LIVING UNITS, AND 200 SKILLED NURSING BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO, HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. 85773748 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 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 0 0 1 1 0 0 0 1 329 0 1 1667 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X MONIKA GAJDA 4104022311 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 JIM ANDERS CHAIRPERSON 1.00 7.00 X X 12500 65000 0 STEPHANIE REEL PRESIDENT/VICE CHAIR 0.40 1.20 X X 7500 27500 0 KI KENT SECRETARY (THRU 3/31/15) 10.00 1.00 X X 2500 1250 0 BARBARA ZORN SECRETARY (BEG 7/1/15) 3.00 X X 5000 0 0 EILEEN ERSTAD TREASURER 3.00 19.00 X X 7500 80000 0 LARRY SHUBNELL DIRECTOR 1.00 15.00 X 7500 55000 0 CAROLYN JACOBS DIRECTOR 1.00 3.00 X 7500 27500 0 JACKSON BAIN DIRECTOR 0.30 11.90 X 7500 58125 0 BETTY PRICE DIRECTOR 0.20 4.60 X 7500 26875 0 JOANNE RORAPAUGH DIRECTOR 2.00 9.00 X 7500 45000 0 RON WALKER DIRECTOR 1.00 10.00 X 7500 40000 0 JOHN HALL ASSISTANT TREASURER 0.50 7.00 X 0 0 0 CHRIS RATHMANN ASSISTANT TREASURER 0.50 7.50 X 0 0 0 JAMES WALTER ASSISTANT TREASURER 0.50 7.00 X 0 0 0 GARY HIBBS EXECUTIVE DIRECTOR 40.00 X 266525 0 20320 REMI ACKERMAN DIRECTOR OF FINANCE 40.00 X 123536 0 1470 MARK ROUSSEY ASSOCIATE EXECUTIVE DIRECTOR 40.00 X 147870 0 370 WENDY KELLY DIRECTOR OF HUMAN RESOURCES 40.00 X 127948 0 21051 DAMEON FLETCHER DIRECTOR OF CONTINUING CARE 40.00 X 124267 0 5077 ADAM DICKSON SNF ADMINISTRATION 40.00 40.00 X 96558 27427 20628 KATHLEEN MOLYNEAUX CATERED LIVING MGR (THRU 12/2/15) 40.00 X 119256 0 9514 1085960 453677 78430 20 0 1 0 ERICKSON LIVING MANAGEMENT LLC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 MANAGEMENT 3382474 SHADE CONSTRUCTION CO INC 1730 E JOPPA RD PARKVILLE MD 21234 CONSTRUCTION 1701119 TRM 16 CHESTNUT ST SUITE 220 FOXBORO MA 02035 IT NETWORKING 1553077 NOOVIS 7468 CANDLEWOOD RD STE E HANOVER MD 21076 DATA INSTALLATION/SERVICE 1455220 COMMERCIAL INTERIOR CONSTRUCTION 10489 JOSSMAN ROAD GOODRICH MI 48438 CONSTRUCTION 1017886 20 133375 153577 286952 RESIDENT FEES 623990 72270766 72270766 ANCILLARY FEES 623990 10529834 10529834 RESIDENT DEPOSITS 623990 9537256 9537256 CONTRACT REVENUE 623990 129574 129574 PROCESSING FEES 623990 2722 2722 92470152 370852 370852 525544 0 525544 525544 525544 50980 -50980 -50980 -50980 12700 133375 33641 -20941 -20941 93581579 92470152 0 824475 112378 112378 491851 491851 35359299 34028153 1136688 194458 553161 457151 90761 5249 4846568 4524810 308692 13066 2682131 2554859 112772 14500 3382474 3382474 26001 8792 17209 67719 67719 38461 38461 6069320 5231707 837325 288 2040433 2040433 7823328 7709387 111363 2578 4753774 4753737 37 126976 59021 67004 951 3383784 3383784 14882964 14882964 572621 572621 EQUIPMENT RENTAL 1130317 1121155 9158 4 ADMINISTRATIVE AND MISC 745400 618532 125899 969 RESIDENT RELATIONS 265784 214546 47682 3556 AMORTIZATION 49525 49525 89404269 85773748 3394902 235619 8410 8410 35393770 38967523 3212165 5073741 3054135 7219344 213417 219306 1161278 1183700 371225324 155755258 217600358 215470066 90821514 91379730 890332 1180387 352355379 360702207 8163109 6172943 68176489 74367093 240992149 244466865 317331747 325006901 X 31737929 32961241 3285703 2734065 35023632 35695306 352355379 360702207 X 4177310 -94649 -406 -3410581 X 0 1 X 1 0 X 2241695 1102126 866070 1197539 286952 5694382 78982895 83390008 85343106 88928688 92482852 429127549 81224590 84492134 86209176 90126227 92769804 434821931 100000 100000 100000 100000 100000 500000 0 100000 100000 100000 100000 100000 500000 434321931 600866 954880 1023937 950268 896396 4426347 600866 954880 1023937 950268 896396 4426347 81825456 85447014 87233113 91076495 93666200 439248278 0.98880 0.98930 0.01010 0.00950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11640538 11640538 334472190 149028240 185443950 12499722 6395914 6103808 12612874 331104 12281770 215470066 BENEFICIAL INTEREST IN CCI BENEVOLENT CARE FOUNDATION 84218 F BENEFICIAL INTEREST IN NATIONAL CCRC BUSINESS TRUST I 91295512 F 91379730 ADVANCE DEPOSITS 1453000 RESIDENT DEPOSITS (NET) 228966896 FUNDS HELD FOR RESIDENTS 765454 RESIDENT REFUNDS 11819470 EMPLOYEE HEALTH PLAN 1234969 UNCLAIMED PROPERTY 11848 MARKETING FEE DEFERRED 46104 DEFERRED MANAGEMENT FEES 169124 244466865 X 91107326 -94649 -2379604 -2474253 93581579 0 93581579 90435246 1030977 1030977 89404269 0 89404269 PART X, LINE 2: OAK CREST VILLAGE, INC. ("OCV") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE STATE INCOME TAX REGULATIONS. OAK CAMPUS PARTNERS, LLC ("OCP") IS A SINGLE-MEMBER LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE DISREGARDED FOR FEDERAL AND STATE INCOME TAX PURPOSES. OCP'S FINANCIAL STATEMENT ACTIVITY IS REFLECTED ON OCV'S BOOKS AND RECORDS. MANAGEMENT HAS EVALUATED OCV'S TAX POSITIONS AND HAS CONCLUDED THAT OCV HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 33,641. ADJUSTMENT TO TRNA 997,336. CHANGE IN BENEFICIAL INTEREST IN NATIONAL CCRC BUSINESS TRUST I -3,410,581. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 33,641. ADJUSTMENT TO TRNA 997,336. ANNUAL GALA 116090 108390 7700 18586 6650 GOLF TOURNAMENT 29985 24985 5000 5612 2200 593 146075 133375 12700 5612 20786 6650 593 33641 -20941 1 EDUCATIONAL SCHOLARSHIPS - SEE PART IV 116 112378 SCHEDULE I, PART I, LINE 2 SCHOLAR CANDIDATES MUST BE CURRENTLY EMPLOYED YEAR-ROUND AT OAK CREST VILLAGE. ONLY MEDICAL LEAVES OF ABSENCE ARE ALLOWABLE DURING THE TWO YEARS. OTHER REQUESTS FOR A LEAVE OF ABSENCE WILL BE REVIEWED AND DETERMINED CASE BY CASE. A SCHOLAR CANDIDATE MUST HAVE BEEN EMPLOYED BY OAK CREST VILLAGE ON OR BEFORE SEPTEMBER 30, 2015. THE CANDIDATE MUST ALSO ACHIEVE 1,000 HOURS OF WORK DURING A TIME SPAN THAT BEGINS NO EARLIER THAN JUNE 1, 2015 OF THEIR JUNIOR YEAR OF HIGH SCHOOL (300 OF 1,000 HOURS MUST BE COMPLETED BY THE END OF THEIR JUNIOR YEAR OF HIGH SCHOOL TO QUALIFY). ANY HOURS WORKED PRIOR TO JUNE 1, 2015 DO NOT COUNT TOWARDS THE 1,000 HOURS REQUIREMENT. CANDIDATES MUST ACHIEVE THE 1,000 HOUR REQUIREMENT AS WELL AS FULFILL THE TWO-YEAR MINIMUM EMPLOYMENT REQUIREMENT. CANDIDATES MUST BE IN "GOOD STANDING" FROM THEIR ORIGINAL DATE OF HIRE THROUGH THEIR LAST DAY OF WORK. TO MAINTAIN "GOOD STANDING," SCHOLAR CANDIDATES, AS EMPLOYEES, MUST ABIDE BY ALL EMPLOYMENT POLICIES AND PROCEDURES, TO INCLUDE GIVING TWO WEEKS NOTICE TO THEIR SUPERVISOR WHEN TERMINATING EMPLOYMENT. SCHOLAR CANDIDATES MUST COMPLETE EACH STEP AS OUTLINED IN THE PROGRAM DESCRIPTION BY THE RESPECTIVE DUE DATE. FURTHERMORE, CANDIDATES MUST TURN IN PROOF OF FULL-TIME STATUS WITHIN THE DATES SPECIFIED IN THE PROGRAM DESCRIPTION FOR EACH SPRING AND FALL SEMESTER THEY ATTEND SCHOOL. FAILURE TO DO SO WILL DISQUALIFY THE SCHOLAR THAT SEMESTER AND WILL COUNT TOWARDS ONE OF THE TWO ALLOWABLE SEMESTER LAPSES. CANDIDATES SHOULD INTEND TO GO TO COLLEGE OR TRADE SCHOOL AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST ATTEND SCHOOL FULL-TIME (12 CREDIT HOURS EACH SEMESTER) AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST BE ACCEPTED AND/OR REGISTERED IN THE FALL OF 2015 AT A TRADE SCHOOL, COLLEGE, OR UNIVERSITY TO BENEFIT. (IN EXCEPTIONAL CASES, A SCHOLAR CANDIDATE MAY ARRANGE TO START SCHOOL UP TO TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM, BUT THEY MUST MAKE ARRANGEMENTS WITH THE RESIDENT LIFE DEPARTMENT. THESE TWO SEMESTERS WILL COUNT AS THE TWO ALLOCABLE SEMESTER LAPSES.) SCHOLARS WHO LAPSE FROM THE PROGRAM FOR MORE THAN A TOTAL OF TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM ARE NO LONGER ELIGIBLE TO RECEIVE THE AWARD. X X X 0 0 0 0 0 0 0 0 0 GARY HIBBS EXECUTIVE DIRECTOR 215798 0 45000 0 5727 0 0 0 20320 0 286845 0 0 0 SCHEDULE J, PART II: THE INDIVIDUAL LISTED IN SCHEDULE J, PART II IS AN EMPLOYEE OF ERICKSON LIVING MANAGEMENT ("ELM"), AN UNRELATED ORGANIZATION TO OAK CREST VILLAGE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN OAK CREST VILLAGE, INC. AND ELM. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ELM IS THE ISSUER OF THIS FORM W-2. UNDER THE MANAGEMENT AGREEMENT, OAK CREST VILLAGE, INC. REIMBURSES ELM FOR THE COST OF SERVICES PERFORMED FOR OAK CREST VILLAGE, INC. A BALTIMORE COUNTY MD 526000889 059151BN9 2007-05-16 68570059 PART REFUNDING, PART NEW MONEY 0 0 0 B BALTIMORE COUNTY MD 526000889 2015-05-06 30000000 NEW MONEY 0 0 0 A 68570059 5320000 1117134 12433825 49699100 2011 0 0 1 1 B 30000000 370488 5716452 23913060 0 0 0 0 A 1 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 1 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 1 LEHMAN BROTHER 0 1 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 PART II, COLUMN B, LINE 12: DRAWDOWN BOND WITH A REMAINING BALANCE OF $23,913,060 AVAILABLE TO BE SPENT ON CAPITAL EXPENDITURES. PART III, COLUMN A & B, LINE 1: THE ORGANIZATION IS THE SOLE MEMBER OF A DISREGARDED ENTITY WHICH OWNS BOND-FINANCED PROPERTY. PART III, COLUMN B, LINES 4 & 6: THE PERCENTAGE IS LESS THAN 3%. PART IV, COLUMN A, LINE 2(C): A REBATE COMPUTATION WAS DONE ON JUNE 28, 2012 REFLECTING ACTIVITY FROM MAY 16, 2007 TO APRIL 30, 2012. AT THAT TIME, IT WAS DETERMINED THAT NO REBATE WAS DUE. PART IV, COLUMN A, LINE 5(C): GIC WAS TERMINATED PART IV, COLUMN A, LINE 6: PROCEEDS WERE FULLY SPENT ON CAPITAL PROJECT BY 12/31/2011. PROCEEDS HELD BEYOND THE THREE YEAR TEMPORARY PERIOD WERE YIELD RESTRICTED. FORM 990, PART VI, SECTION A, LINE 1 UNDER THE BYLAWS OF THE ORGANIZATION, THE BOARD HAS DELEGATED AUTHORITY TO AN EXECUTIVE COMMITTEE COMPRISED OF THE ORGANIZATION'S CHAIRMAN, PRESIDENT, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE ORGANIZATION EXCEPT FOR THOSE ACTIONS RESERVED SOLELY TO THE MEMBER OR THE DIRECTORS UNDER THE GENERAL LAWS OF THE STATE OF MARYLAND. FORM 990, PART VI, SECTION A, LINE 3 OAK CREST VILLAGE, INC. ENTERED INTO A MANAGEMENT AND MARKETING AGREEMENT ON APRIL 30, 2010 WITH ERICKSON LIVING MANAGEMENT, LLC ("ELM"). ELM IS A MARYLAND LIMITED LIABILITY COMPANY WHICH OPERATES AND MANAGES LARGE SCALE CONTINUING CARE RETIREMENT COMMUNITIES. THE MANAGEMENT AGREEMENT COMPLIES WITH REV. PROC. 97-13. THE ORGANIZATION AND THE MANAGER AMENDED THE MANAGEMENT AND MARKETING AGREEMENT TO REVISE CERTAIN PROVISIONS RELATING TO THE MARKET TESTING OF THE MANAGEMENT FEES AND TO REPLACE THE CONTRACT EXECUTION POLICY WITH AN UPDATED VERSION OF THE POLICY. THE FOLLOWING OFFICERS ARE LISTED IN PART VII, AS NON-COMPENSATED OFFICERS OF THE FILING ORGANIZATION, JOHN HALL, JAMES WALTER, AND CHRIS RATHMANN. THEIR DUTIES ARE CONSIDERED PERFORMED PRO BONO. GARY HIBBS, EXECUTIVE DIRECTOR, REMI ACKERMAN, DIRECTOR OF FINANCE, MARK ROUSSEY, ASSOCIATE EXECUTIVE DIRECTOR, WENDY KELLY, DIRECTOR OF HUMAN RESOURCES, DAMEON FLETCHER, DIRECTOR OF CONTINUING CARE, AND ADAM DICKSON, SNF ADMINISTRATION, ARE LEASED EMPLOYEES FROM THE MANAGEMENT COMPANY. THE FILING ORGANIZATION REIMBURSES THE MANAGEMENT COMPANY FOR THEIR COMPENSATION WHICH IS REPORTED ON FORM 990, PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 4 DURING 2015, THE ORGANIZATION APPROVED AMENDED AND RESTATED BYLAWS PROVIDING ADDITIONAL AUTHORITY TO THE ORGANIZATION'S MEMBER, NATIONAL SENIOR CAMPUSES, INC., ("NSC"), INCLUDING CERTAIN RESERVED POWERS AND IDENTIFYING CERTAIN POWERS THAT ARE SHARED BETWEEN NSC AND THE ORGANIZATION. THE CHANGES WILL ENABLE NSC AS A SUPPORTING ORGANIZATION AND THE ORGANIZATION AS A SUPPORTED ORGANIZATION (AS WELL AS NSC'S OTHER SUPPORTED ORGANIZATIONS) TO PURSUE THEIR CHARITABLE MISSIONS IN A MORE EFFICIENT, EFFECTIVE AND COORDINATED MANNER. THE AMENDED & RESTATED BYLAWS ARE EXPECTED TO GO INTO EFFECT IN 2016. FORM 990, PART VI, SECTION A, LINE 6 OAK CREST VILLAGE, INC.'S SOLE MEMBER IS NATIONAL SENIOR CAMPUSES, INC. ("NSC"). NSC IS A MARYLAND NON-STOCK CORPORATION. NSC IS A "SUPPORTING ORGANIZATION" WITH RESPECT TO OAK CREST VILLAGE, AS WELL AS CERTAIN OTHER ORGANIZATIONS SPECIFIED IN ITS GOVERNING DOCUMENTS. AS REQUIRED BY THE REGULATIONS RELATING TO "SUPPORTING ORGANIZATIONS," CERTAIN MEMBERS OF THE BOARD OF DIRECTORS OF NSC WILL ALSO BE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE NATIONAL SENIOR CAMPUSES, INC. BOARD OF DIRECTORS APPOINTS THE DIRECTORS OF OAK CREST VILLAGE WHO HAVE BEEN NOMINATED BY THE OAK CREST VILLAGE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN EXTRAORDINARY ACTIONS OF THE CORPORATION REQUIRE THE APPROVAL OF THE MEMBER UNDER APPLICABLE STATE LAW. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD APPOINTS A COMMITTEE FROM AMONG ITS DIRECTORS AS WELL AS THE DIRECTORS FROM ONE OR MORE RELATED ENTITIES TO OVERSEE THE PREPARATION OF FORM 990. THE BOARD CHAIR HAS THE RESPONSIBILITY TO REVIEW FORM 990 PRIOR TO ITS FILING OR TO DESIGNATE ANOTHER BOARD MEMBER TO REVIEW THE FORM. THE FULL BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FINAL VERSION OF FORM 990 BEFORE IT IS FILED AND ASK QUESTIONS OF THE COMMITTEE OR THE REVIEWER REGARDING THE FORM. THE BOARD CHAIR DESIGNATES AN OFFICER TO SIGN FORM 990. FORM 990, PART VI, SECTION B, LINE 12C OAK CREST VILLAGE, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER OAK CREST VILLAGE, INC.'S AFFAIRS, COMMITTEE MEMBERS, PROSPECTIVE DIRECTORS, AND SENIOR STAFF PROVIDING SERVICES TO THE ORGANIZATION UNDER A MANAGEMENT AGREEMENT. EACH COVERED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND AS POTENTIAL CONFLICTS ARISE DURING THE YEAR. THESE STATEMENTS ARE REVIEWED BY THE BOARD CHAIR. IF THE CONFLICT INVOLVES A COVERED EMPLOYEE, THE CHAIR DETERMINES WHETHER A CONFLICT EXISTS AND, IF SO, HOW IT IS TO BE HANDLED, OR THE CHAIR MAY REFER THE MATTER TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FOR ALL OTHER CONFLICTS, THE BOARD OF DIRECTORS OR A COMMITTEE OF DISINTERESTED DIRECTORS WILL DETERMINE WHETHER A CONFLICT ACTUALLY EXISTS. A COVERED PERSON MAY NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE BY THE BOARD BUT MAY ANSWER QUESTIONS OR PROVIDE CLARIFYING INFORMATION UNLESS ANY BOARD MEMBER OBJECTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS APPROVED A DIRECTORS' COMPENSATION POLICY WHICH ESTABLISHES THE PROCESS BY WHICH ALL DIRECTOR COMPENSATION IS DETERMINED. OFFICERS SERVE WITHOUT COMPENSATION. A REVIEW OF THE DIRECTORS' COMPENSATION IS CONDUCTED EACH FISCAL YEAR. COMPENSATION IS APPROACHED ON AN OVERALL BASIS AND THE TOTAL VALUE OF ALL FORMS OF COMPENSATION IS ESTABLISHED AND MONITORED. AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY RETAINED TO PERFORM AN ANALYSIS OF OAK CREST VILLAGE, INC.'S COMPENSATION USING COMPARABLES OF BOTH FOR-PROFIT AND NON-PROFIT PEERS. A COMMITTEE OF THE NSC BOARD REVIEWS THE CONSULTANT'S REPORT AND MAKES A RECOMMENDATION TO THE ORGANIZATION AS TO APPROPRIATE COMPENSATION OF DIRECTORS. THE FULL BOARD HAS ACCESS TO OAK CREST VILLAGE INC.'S CONSULTANT'S REPORT AND AN OPPORTUNITY TO QUESTION THE CONSULTANT ABOUT THE PROCESS, METRICS, AND COMPARABLES THAT WERE USED IN DETERMINING THE RECOMMENDED COMPENSATION. THE BOARD THEN VOTES ON THE COMPENSATION RECOMMENDATIONS AND A CONTEMPORANEOUS RECORD IS MADE OF THE MEETING AND THE VOTE. THE CONSULTANT REVIEW WAS LAST UNDERTAKEN IN 2014 AND WAS ACTED UPON BY THE BOARD IN EARLY 2015. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EXECUTIVE DIRECTOR'S OFFICE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN BUSINESS TRUST -3,410,581. OAK CAMPUS PARTNERS LLC 8800 WALTHER BLVD PARKVILLE MD 21234 521904940 OWNER OF LAND AND BUILDING MD 0 303000000 OAK CREST VILLAGE INC ASHBY PONDS INC 21170 ASHBY PONDS BLVD ASHBURN VA 20147 205609803 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 BROOKSBY VILLAGE INC 100 BROOKSBY VILLAGE DRIVE PEABODY MA 01960 522126755 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 CEDAR CREST VILLAGE INC 1 CEDAR CREST VILLAGE DRIVE POMPTON PLAINS NJ 07444 522184915 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 EAGLE'S TRACE INC 14703 EAGLE VISTA DRIVE HOUSTON TX 77077 030498683 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 FOX RUN VILLAGE INC 41000 13 MILE ROAD NOVI MI 48377 522291271 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 ANN'S CHOICE INC 10000 ANNS CHOICE WAY WARMINSTER PA 18974 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HICKORY CHASE INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 208991395 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HIGHLAND SPRINGS INC 8000 FRANKFORD ROAD DALLAS TX 75252 510536892 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 LINDEN PONDS INC 300 LINDEN PONDS WAY HINGHAM MA 02043 141849849 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 MARIS GROVE INC 100 MARIS GROVE WAY GLEN MILLS PA 19342 550878964 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 NATIONAL SENIOR CAMPUSES INC 5425 WISCONSIN AVE SUITE 600 CHEVY CHASE MD 20815 204356247 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 NATIONAL SENIOR CAMPUSES FOUNDATION INC 5425 WISCONSIN AVE SUITE 600 CHEVY CHASE MD 20815 030611973 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 RIDERWOOD VILLAGE INC 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 522126753 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 SEABROOK VILLAGE INC 3000 ESSEX ROAD TINTON FALLS NJ 07753 522126751 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 TALLGRASS CREEK INC 13800 METCALF AVENUE OVERLAND PARK KS 66223 870765641 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 WIND CREST INC 3235 MILL VISTA ROAD HIGHLANDS RANCH CO 80129 510549976 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 GREENSPRING VILLAGE INC 7440 SPRING VILLAGE DRIVE SPRINGFIELD VA 22150 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 LANTERN HILL INC 535 MOUNTAIN AVENUE NEW PROVIDENCE NJ 07974 371742780 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0