2015-08-07T10:38:08-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2014-01-01 521761391 KESWICK PINES INC KESW 7328490400 509 ROUTE 530 WHITING NJ 08759 GEORGINA BAVAIS CHIEF FINANCIAL OFFICER 7328490400 2015-07-30 1 JAMES D WATSON P01450300 2156433900 2014 2016-02-25 16:41:14Z THE PINES AT WHITING ERIC GHAUL 509 ROUTE 530 WHITING NJ 08759 33137776 0 X WWW.THEPINESATWHITING.ORG X 1989 NJ SERVES THE ELDERLY THROUGH APARTMENT LIVING, ASSITED LIVING, AND NURSING HOME CARE. 9 9 348 265 0 0 81740 105015 15797874 16321990 368786 353030 528527 844223 16776927 17624258 13815 20150 0 0 8237342 8245630 0 0 0 8103849 8401570 16355006 16667350 421921 956908 32023070 30972884 44305768 42205020 -12282698 -11232136 X GUIDED BY CHRISTIAN PRINCIPLES, THE PINES AT WHITING SEEKS TO BUILD A CARING AND RESPECTFUL COMMUNITY OF TRUSTEES, RESIDENTS AND STAFF THAT SERVES THE PHYSICAL, SOCIAL, EMOTIONAL AND SPIRITUAL NEEDS OF SENIOR ADULTS THROUGH RESIDENTIAL LIVING AND HEALTH CARE 0 0 14829856 20150 17157057 THE PINES AT WHITING OFFERS INDEPENDENT LIVING APARTMENTS WITH 24 HOUR EMERGENCY CALL SERVICE AND HOME CARE SUPPORTIVE SERVICES AS WELL AS HEALTH CARE SERVICES INCLUDING: ASSISTED LIVING, MEMORY SUPPORT, SKILLED NURSING/REHABILITATION AND LONG TERM CARE PROGRAMS. IN 2014, THERE WERE 433 INDIVIDUALS SERVED. RESIDENT DAYS IN NURSING WERE 22,542. RESIDENT DAYS IN ASSISTED LIVING WERE 31,250. RESIDENTIAL UNITS CONSIST OF 232 INDEPENDENT, 87 ASSISTED LIVING AND 66 SKILLED NURSING OR, 385 ALTOGETHER.DURING 2014, THE PINES MADE A SUBSTANTIAL CONTRIBUTION TO THE GREATER WHITING AREA COMMUNITY. THESE COMMUNITY OUTREACH ACTIVITIES RANGED FROM: 1) ALZHEIMER'S ASSOCIATION/WALK- FUND RAISERS AND MONETARY DONATIONS (DONATED 2 CASES OF GRANOLA BARS AND $1,100 TO WALK)2) MANCHESTER TOWNSHIP HOLIDAY FOOD DRIVE AND MONETARY DONATIONS $7003) AMERICAN RED CROSS BLOOD DRIVE - HOST AND SPONSOR ON-SITE EVENT4) AMERICA'S KESWICK - $2,500 ANNUAL DONATION5) MANCHESTER POLICE DEPARTMENT, MONTHLY LUNCH FOR DEPT. - $200 PER MONTH6) WHITING FIRE DEPT. - MONETARY DONATIONS - $707) STAFF SCHOLARSHIP PROGRAM - RESIDENT ASSOCIATION FUNDED TO COLLEGES FOR STUDENTS ON STAFF TO ATTEND. IN 2014 THIS WAS $15,500.8) CAREGIVER VOLUNTEERS OF CENTRAL JERSEY VOLUNTEERS - LUNCHEON DONATED FOR APPROXIMATELY 70 VOLUNTEERS AND A $2,000 DONATION. ALSO HOSTED A FUNDRAISER FOR THEM IN MARCH, CREATED CDS FOR SALE AS DONATIONS.9) ATLANTIC CITY RESCUE MISSION CLOTHING DRIVE BIANNUALLY10) OCEAN COUNTY LIBRARY OUTREACH WELLNESS PRESENTATIONS11) CROP WALK TO FEED THE HUNGRY - DONATIONS COLLECTED TO BENEFIT WALK EVERY FALL.12) OCEAN COUNTY WOMEN'S BUSINESS ASSOCIATION WELLNESS PRESENTATION BY MELISSA ON WELLNESS13) HOSTED BREAKFAST FOR WOMEN'S BUSINESS ASSOCIATION -SANDY F.14) TAKE CONTROL OF YOUR HEALTH PROGRAMMING FOR SENIOR WELLNESS15) WHITING FIRST AID MONETARY DONATIONS16) GIRL SCOUTS OF AMERICA, JANUARY 31, ASSISTED WITH COOKIE SALE (ALLOWED TROOP 502 TO SELL COOKIES AND NUTS FOR SOLDIERS)17) AMERICAN HEART ASSOCIATION MONETARY DONATIONS OF $18918) UNITED STATES MILITARY, CARE PACKAGES/COOKIES FOR SOLDIERS19) NURSING MINISTRIES (GIFTS)20) WHITING FOOD BANK, FOOD DRIVE AND MONETARY DONATIONS21) ST. JUDE'S CHILDREN'S HOSPITAL - RESIDENT FUND RAISERS AND CARDS TO CHILDREN22) EMPLOYEE ASSISTANCE PROGRAM - TO AID STAFF IN FINANCIAL CRISIS23) VOLUNTEERS LUNCHEON TO VOLUNTEERS IN COMMUNITY, APRIL 2014 24) MANCHESTER TOWNSHIP TREE LIGHTING COOKIE DONATION25) DONATION TO CENTRAL JERSEY CHORAL SOCIETY26) HOSTED MONMOUTH AND OCEAN COUNTIES ACTIVITIES PROFESSIONAL ASSOCIATION 27) HOSTED VETERANS LUNCHEON TO HONOR VETERANS - OVER 200 VETERAN'S AND SPOUSES SERVED FILET MIGNON. NOVEMBER 201428) INTERGENERATIONAL ACTIVITIES WITH WHITING ELEMENTARY SCHOOL STUDENTS - 2/19, 4/9, 4/11, 10/22, 11/12, 12/329) INTERGENERATIONAL ACTIVITIES WITH TOMS RIVER HIGH SCHOOL NORTH STUDENTS - MAY, DECEMBER 201430) ST. ELIZABETH ANN SETON 10/27, 12/2231) YOUTH MINISTRY AMBASSADOR CHRISTIAN ACADEMY 1/17, 2/7, 12/2232) BOY SCOUT TROUPE 441 - EAGLE SCOUT PROJECT33) HOSTED THERAPY GRADUATE LUNCHEON (INVITED BACK RESIDENTS)34) HOSTED MOTHER'S DAY SONG CONCERT (DONATED $85 TO PROVIDENCE HOUSE)35) PROVIDED COOKIES FOR WHITING FIRST AID OPEN HOUSE36) PROVIDED COOKIES FOR ST. STEPHEN'S OPEN HOUSE37) VOLUNTEERED TO SUPPORT FUND RAISER FOR CHILDREN'S SPECIALIZED HOSPITAL38) HOSTED YARD SALE TO SUPPORT ALZHEIMER'S ASSOCIATION- 9/639) PARTICIPATED IN SILENT WITNESS AT OCC FOR PROVIDENCE HOUSE (VOLUNTEERED TIME)40) HOSTED PUMPKIN PARTY FOR CHILDREN - 10/30 (PROVIDED SNACKS, GAMES, AND PRIZES)41) HOSTED BERKELEY WOMEN'S GROUP LUNCH MEETING (PROVIDED LUNCH)42) PARTICIPATED IN VILLAGE 6 CHRISTMAS TREE FESTIVAL 12/4-12/7 (DECORATED TREE/FUNDRAISER FOR SCHOLARSHIP BREAKFASTS)43) HOSTED OCEAN COUNTY HEALTH PROFESSIONAL GROUP BREAKFAST MEETING44) HOSTED ALZHEIMER'S WALK COMMITTEE AND PROVIDED LUNCHEON45) ST. BARNABUS NURSING GROUP LUNCHEON (PROVIDED DESSERTS)46) AMERICAN CANCER SOCIETY - HAMILTON PLACE PLANT SALE AND FUND RAISER MAY 2014 - $50THE PINES ALSO PROVIDED SUBSIDY FOR 10 RESIDENTS IN THE PINES COMMUNITY WHO COULD NOT AFFORD TO PAY THE FULL RATE FOR SERVICES. FOR THE YEAR 2014, THE TOTAL AMOUNT OF FORGIVEN REVENUE WAS $157,593.OVERALL, THE PINES PROGRAM TO SERVE OTHERS BENEFITTED SENIORS, COMMUNITY MEMBERS AND STUDENTS BY SUPPORTING THEIR TALENTS, GIVING INFORMATION TO IMPROVE THE QUALITY OF LIFE AND HELPING PEOPLE TO BETTER UNDERSTAND AND APPRECIATE SENIOR ADULTS. 14829856 1 1 0 1 0 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 348 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NJ X GEORGINA BAVAIS CFO 7328490400 509 ROUTE 530 WHITING NJ 08759 JAY KATZ CHAIRPERSON 2.00 0.00 X X 0 0 0 MARK KOLCHIN VICE CHAIRMAN 2.00 0.00 X X 0 0 0 DOUGLAS J BAUERBAND TREASURER 2.00 0.00 X X 0 0 0 ALAN R DINKFELT DIRECTOR 2.00 0.00 X 0 0 0 MARY JANE OUSLEY DIRECTOR 2.00 0.00 X 0 0 0 JOHN R HOLLAND DIRECTOR 2.00 0.00 X 0 0 0 OTTO C MORCH DIRECTOR 2.00 0.00 X 0 0 0 WILLIAM COOK DIRECTOR 2.00 0.00 X 0 0 0 CAROLYN HIBBARD DIRECTOR 2.00 0.00 X 0 0 0 ERIC J GHAUL CEO 40.00 0.00 X 161321 0 17543 GEORGINA E BAVAIS CFO 40.00 0.00 X 129745 0 37872 WILLIAM JANSEN CEO (RETIRED MARCH 31, 2014) 14.10 0.00 X 86947 0 6494 PATRICIA A POLCHAK HEALTHCARE ADMINISTRATOR 40.00 0.00 X 120073 0 6751 ADRIANNE M SOBOCINSKI PHYSICAL THERAPIST 40.00 0.00 X 104783 0 11658 MICHAEL MCGOWAN OCCUPATIONAL THERAPIST 40.00 0.00 X 108050 0 11645 710919 0 91963 5 0 1 0 SODEXO INC & AFFLIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICE 1061594 ON CALL HEALTH PROFESSIONALS 1900 ROUTE 70 SUITE 13A MANCHESTER NJ 08759 NURSING AGENCY 169247 R SOMERS CONSTRUCTION INC 1981 BROOKLYN AVENUE WHITING NJ 08759 CONSTRUCTION CONTRACTOR 155215 LOVE & COMPANY 1209 N EAST STREET FREDERICK MD 21701 MARKETING 151028 DITTMER'S NURSERY LLC 322 CHESTERFIELD JACOBSTOWN ROAD WRIGHTSTOWN NJ 08562 LANDSCAPING 135475 8 105015 105015 RESIDENT MONTHLY FEES 623990 6947961 6947961 PRIVATE PAY 623990 4722088 4722088 MEDICAID AND MEDICARE REVENUE 623990 3170149 3170149 ENTRANCE FEES REVENUE 623990 1466034 1466034 15758 15758 16321990 214823 214823 17612 8456 9156 9156 9156 15639226 15501019 138207 138207 138207 5616 4043 1573 1573 INVESTMENT TERMINATION AGREEMENT 623000 323000 323000 ANCILLARY SERVICES 623000 273226 273226 FOOD SERVICES 623000 148567 148567 88701 88701 833494 17624258 17155484 0 363759 4650 4650 15500 15500 439922 378333 61589 6311016 5427474 883542 71861 54614 17247 845307 752323 92984 577524 513996 63528 76745 76745 24422 24422 37511 37511 390 390 22327 22327 587254 582195 5059 42896 36462 6434 19834 3768 16066 1680076 1593629 86447 9368 8525 843 14209 12930 1279 1120335 1120335 1998674 1718860 279814 273385 248780 24605 FOOD SERVICES 1506628 1491562 15066 NURSING 585617 585617 ADMINISTRATION 236900 203168 33732 LOSS ON EXTINGUISHMENT 164999 164999 16667350 14829856 1837494 0 1565 1665 1489294 1986590 446212 477695 28125 213716 150890 50410509 32083499 19534208 18327010 9981487 9143611 356588 857298 32023070 30972884 1463485 1035692 20112656 19160623 22246250 21500000 430838 450878 52539 57827 44305768 42205020 X -12320419 -11255137 37721 23001 -12282698 -11232136 32023070 30972884 X 956908 87028 22327 -15701 X X 0 1 X 1 0 X 173475 108384 153813 81740 105015 622427 16897260 16875886 16328552 16316358 16838100 83256156 17070735 16984270 16482365 16398098 16943115 83878583 120 120 0 120 120 83878463 380428 336953 277342 377942 232435 1605100 380428 336953 277342 377942 232435 1605100 323000 323000 17451163 17321223 16759707 16776040 17498550 85806683 0.97750 0.97890 0.01870 0.02110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 390 390 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO LEADING AGE, NEW JERSEY. A PERCENTAGE OF THOSE DUES ARE USED BY LEADING AGE, NEW JERSEY FOR LOBBYING PURPOSES. THE AMOUNT OF LOBBYING EXPENSES REPORTED ARE THE PERCENTAGE OF THE ORGANIZATION'S DUES USED BY LEADING AGE, NEW JERSEY FOR LOBBYING. X X X 1 1 1 0.00 0 0 1 X 2748541 2748541 38182074 29683876 8498198 9010679 2237895 6772784 469215 161728 307487 18327010 CHARITBLE GIFT ANNUITIES 57827 57827 X 17708084 87028 -3202 83826 17624258 0 17624258 16657522 8456 8456 16649066 22327 -4043 18284 16667350 PART II, LINE 9: THE DEPARTMENT OF ENVIRONMENTAL PROTECTION HAS PROVIDED SIGNAGE THAT HAS BEEN PUT IN PLACE, ACCOMPANIED BY A LISTING OF APPROVED USES OF THE SITE AND ANY RESTRICTIONS. PART IV, LINE 2B: AMOUNTS HELD IN ESCROW REPRESENT CASH DEPOSITS MADE BY PROSPECTIVE RESIDENTS OF INDEPENDENT LIVING UNITS. THE CASH HAS BEEN DEPOSITED INTO A SAVINGS ACCOUNT. IF THE PROSPECTIVE RESIDENT(S) SHOULD DECIDE NOT TO FULFILL THE CONTRACT THE DEPOSITS ARE REFUNDABLE. IN ADDITION, ENTRANCE FEES RECEIVED FROM RESIDENTS HAVE BEEN REPORTED AS A LONG-TERM LIABILITY. REFUNDABLE PORTIONS OF ENTRANCE FEES ARE FULLY REFUNDABLE TO THE RESIDENT(S), LESS CERTAIN COSTS OR CHARGES INCURRED. IF THE RESIDENT(S) TERMINATE(S) THE CONTRACT AFTER THE FIRST 120 DAYS OF OCCUPANCY, THE REFUNDABLE PORTION OF ENTRANCE FEES IS REFUNDABLE PENDING REOCCUPANCY OF THE UNIT. PART X, LINE 2: KESWICK HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. KESWICK FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON KESWICK'S FINANCIAL STATEMENTS. KESWICK'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2011 TO 2013 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN THE VALUE OF ANNUITY -15,701. OCCUPANCY COSTS 8,456. COST OF GOODS SOLD 4,043. PART XII, LINE 2D - OTHER ADJUSTMENTS: OCCUPANCY COSTS 8,456. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -4,043. 1 EMPLOYEE SCHOLARSHIPS 7 15500 PART I, LINE 2: THE PINES BUDGETS A CERTAIN DOLLAR AMOUNT EVERY YEAR TO DONATE TO THOSE WHO PROVIDE BENEFITS TO THE COMMUNITY. THE PINES MAINTAINS RECORDS OF WHERE THE DONATIONS WERE GIVEN. PART III, LINE 1 THE SCHOLARSHIP APPLICANT MUST HAVE BEEN EMPLOYED AT THE PINES AT WHITING AS A PART-TIME EMPLOYEE FOR AT LEAST ONE YEAR AND WORKED AT LEAST 300 HOURS PER YEAR. HOURS ARE BASED ON FISCAL YEAR MAY 1 - APRIL 1. THE APPLICANT MUST PRESENT A LETTER OF ACCEPTANCE FROM EITHER A COLLEGE OR SPECIALTY SCHOOL AT THE TIME OF APPLICATION. THE APPLICANT MUST SUPPLY TWO LETTERS OF REFERENCE; ONE FROM SCHOOL (GUIDANCE COUNSELOR, TEACHER, COACH, ETC.) AND THE SECOND MUST COME FROM AN INDIVIDUAL UNRELATED TO SCHOOL OR FAMILY. IN ADDITION, EACH APPLICATION IS CAREFULLY REVIEWED BY THE STUDENT'S DIRECT SUPERVISOR. THE SUPERVISOR IS TO EXAMINE SPECIFIC CRITERIA SUCH AS SAFETY AND JOB PERFORMANCE. THE SUPERVISOR WILL INCLUDE HIS/HER RELATED REMARKS, SIGN THE APPLICATION, AND FORWARD THE APPLICATION IN ITS ENTIRETY TO THE SCHOLARSHIP COMMITTEE. APPLICANTS ALREADY IN COLLEGE, WHETHER APPLYING FOR THE FIRST TIME OR FOR RENEWAL OF THE SCHOLARSHIP MUST PRESENT A TRANSCRIPT OF FULL-TIME (12 OR MORE CREDIT HOURS) OF COLLEGE GRADES. THE APPLICANT WILL THEN NOT BE REQUIRED TO SUBMIT A LETTER OF ACCEPTANCE AND TWO LETTERS OF REFERENCE; HOWEVER, BOTH FIRST TIME APPLICANTS AND APPLICANT RENEWALS WILL BE ASKED ABOUT THEIR LEVEL OF PARTICIPATION BOTH IN THEIR SCHOOL AND THEIR COMMUNITY. X 1 1 X X 0 0 0 0 0 0 0 0 0 ERIC J GHAUL CEO 142515 0 18806 0 0 0 8123 0 9420 0 178864 0 0 0 GEORGINA E BAVAIS CFO 129745 0 0 0 0 0 17590 0 20282 0 167617 0 0 0 PART I, LINE 1A AS PART OF HIS 2014 COMPENSATION PACKAGE; ERIC GHAUL, PRESIDENT, WAS PAID A BOARD APPROVED TAKE-HOME TAX DEFERRAL BONUS OF $10,000. THE CALENDAR YEAR AMOUNT WAS $18,806 AND WAS INCLUDED IN HIS TAXABLE COMPENSATION. THE PINES PAID THE TAXES ON HIS BEHALF. WILLIAM JANSON, FORMER PRESIDENT, WAS PAID $12,000 AS A BOARD APPROVED TAKE-HOME TAX DEFERRAL BONUS. THIS WAS PART OF HIS APPROVED COMPENSATION PACKAGE FOR 2013 AND WAS PAID OUT IN 2014. THE CALENDAR YEAR AMOUNT WAS $19,652 AND WAS INCLUDED IN HIS TAXABLE COMPENSATION. THE PINES PAID THE TAXES ON HIS BEHALF. A PUBLIC FINANCE AUTHORITY 273866124 NONEAVAIL 2014-11-13 21500000 SEE PART VI 0 0 0 A 21500000 894458 429999 85517 3447116 16642910 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: PUBLIC FINANCE AUTHORTIY (F) DESCRIPTION OF PURPOSE: TO REFUND THE FIRST MORTGAGE REVENUE REFUNDING BONDS, SERIES 1998 AND TO FINANCE VARIOUS CAPITAL PROJECTS AND WORKING CAPITAL. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS, BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE, MAY DESIGNATE AN EXECUTIVE COMMITTEE COMPRISED OF THE CHAIRPERSON, VICE CHAIRPERSON, SECRETARY, TREASURER AND AN ADDITIONAL MEMBER OF THE BOARD OF DIRECTORS SELECTED BY THE CURRENT MEMBERS OF THE BOARD OF DIRECTORS IN MANAGEMENT OF THE CORPORATION, PROVIDED, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS IN REFERENCE TO (A) AMENDING, ALTERING, OR REPEALING THE BYLAWS, (B) ELECTING, APPOINTING OR REMOVING ANY MEMBER OF THE EXECUTIVE COMMITTEE OR ANY DIRECTOR OR OFFICER OF THE CORPORATION, (C) AMENDING THE ARTICLES OF INCORPORATION, (D) ADOPTING A PLAN OF MERGER OR ADOPTING A PLAN OF CONSOLIDATION WITH ANOTHER CORPORATION, (E) AUTHORIZING THE SALE, LEASE, EXCHANGE OR MORTGAGE OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION, (F) AUTHORIZING THE VOLUNTARY DISSOLUTION OF THE CORPORATION OR REVOKING PROCEEDINGS THERFORE, (G) ADOPTING A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE CORPORATION, (H)AMENDING, ALTERING, OR REPEALING ANY RESOLUTION OF THE BOARD OF DIRECTORS TO ANOTHER COMMITTEE OF THE BOARD THE DESIGNATION AND APPOINTMENT OF AN EXECUTIVE COMMITTEE AND THE DELEGATION THERETO OF AUTHORITY SHALL NOT OPERATE TO RELIEVE THE BOARD OF DIRECTORS, OR ANY INDIVIDUAL DIRECTOR, OF ANY RESPONSIBILITY IMPOSED UPON IT OR HIM BY LAW. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION WORKS WITH ITS OUTSIDE PUBLIC ACCOUNTING FIRM FOR THE PREPARATION AND REVIEW OF THE FORM 990. ONCE THE RETURN IS PREPARED AND REVIEWED BY MANAGEMENT, A COPY OF THE FILING IS PROVIDED TO THE BOARD MEMBERS AND THE CFO REVIEWS THE RETURN WITH GOVERNANCE AT A QUARTERLY MEETING BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST TO THE MEMBERS OF THE BOARD. BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY, WHICH ARE REVIEWED BY THE CEO. THE ORGANIZATION ALSO HAS A CONFLICT OF INTEREST SECTION IN ITS EMPLOYEE HANDBOOK WHICH ALL EMPLOYEES ARE REQUIRED TO FOLLOW AT THE APRIL QUARTERLY MEETING. ALL BOARD MEMBERS ARE TO SIGN THE CONFLICT OF INTEREST POLICY STATING THERE ARE NONE TO DECLARE OR IF THERE ARE ANY TO DECLARE. TO DATE THERE HAVE NOT BEEN ANY DECLARED.IF CONFLICTS OF INTEREST DO ARISE, THE INTERESTED PARTY OR PARTIES ARE PROHIBITED FROM VOTING ON BOARD MATTERS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD'S EXECUTIVE COMMITTEE APPROVES WHAT THE CEO'S COMPENSATION WILL BE. IN PREPARATION, THE BOARD ENGAGED AN INDEPENDENT CONSULTANT. ONCE THE BOARD APPROVED THE LEVEL OF COMPENSATION, IT WAS SUBMITTED IN WRITING TO THE CFO. THE NEW CEO TOOK POSITION EFFECTIVE 4/1/14. THIS PROCESS WAS LAST COMPLETED IN 2013. OTHER OFFICERS OR KEY EMPLOYEES ARE REVIEWED BY THEIR SUPERVISOR ON THEIR ANNIVERSARY AND ARE APPROVED AN INCREASE IF THE JOB PERFORMANCE JUSTIFIES ONE. THIS IS DONE WITHIN THE BUDGETED BOUNDARIES. THIS PROCESS OCCURS ANNUALLY. 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. THE ANNUAL DISCLOSURE STATEMENT INCLUDES THE MOST RECENT AUDITED FINANCIAL STATEMENTS. THIS IS GIVEN TO RESIDENTS AND/OR PROSPECTIVE RESIDENTS WHO INQUIRE ABOUT THE ORGANIZATION. FORM 990, PART XI, LINE 9: CHANGE IN THE VALUE OF ANNUITY -15,701. FORM 990, PART VII, LINE 2C FINANCE COMMITTEE: THE OVERSIGHT AND SELECTION PROCESS USED BY THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.