2015-10-06T08:20:54-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2014-01-01 231379512 DUNWOODY VILLAGE DUNW 6103594400 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 SHERRY SMYTH PRESIDENT/CEO 6103594400 2015-09-28 1 BERNADETTE O'TOOLE CPA P00229258 2156433900 2014 2016-03-07 17:11:31Z SHERRY SMYTH 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 30052146 0 X WWW.DUNWOODY.ORG X 1974 PA DUNWOODY VILLAGE PROVIDES INDEPENDENT LIVING, PERSONAL CARE, DEMENTIA CARE, SHORT-TERM REHABILITATION, AND LONG-TERM CARE TO ITS RESIDENTS AND THE COMMUNITY. 18 17 579 217 0 0 446733 595450 28288260 28185359 596749 546022 64442 65842 29396184 29392673 632483 540008 0 0 17189222 17544346 0 0 0 10838180 11092416 28659885 29176770 736299 215903 59556456 66385309 49342870 55750325 10213586 10634984 THE MISSION OF DUNWOODY VILLAGE IS TO HAVE A DYNAMIC COMMUNITY PROVIDING RESIDENTIAL AMENTIES AND HEALTH CARE RELATED SERVICES TO INDIVIDUALS OVER AGE 65 IN A COST EFFECTIVE MANNER. 0 0 25344261 207408 28072638 DUNWOODY VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES CARE FOR RESIDENTIAL LIVING, PERSONAL CARE AND SKILLED NURSING AND MEDICAL CARE TO ITS ELDERLY RESIDENTS/PATIENTS. DUNWOODY VILLAGE HAD 53,902 RESIDENT DAYS IN THEIR CARE CENTER DURING 2014; 1,500 OF WHICH WERE FOR RESIDENTS THAT RECEIVED FUNDS FROM THE DUNWOODY TRUST. THE ORGANIZATION ALSO HAD 90,170 RESIDENT DAYS IN INDEPENDENT LIVING; 1,460 OF WHICH WERE FOR RESIDENT RESERVE RESIDENTS. 438779 332600 112721 A NUMBER OF RESIDENTS ARE SUBSIDIZED THROUGH A TRUST FUND AND DONATIONS. THIS FUND PROVIDES RESIDENTIAL SERVICES AND AMENITIES AS WELL AS HEALTHCARE SERVICES TO AGE QUALIFIED INDIVIDUALS. IN 2014, FUNDS GIVEN FROM THE TRUST PAID FOR 1,500 DAYS IN THE CARE CENTER FOR AGE QUALIFIED INDIVIDUALS. ALSO IN 2014, THE TRUST PROVIDED PROVIDED CHARITY CARE OF $525,128. THESE AMOUNTS REPRESENT THE COSTS ASSOCIATED WITH PROVIDING THIS CARE. 25783040 1 1 0 0 0 1 0 0 1 1 1 0 0 0 1 1 0 1 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 1 1 1 0 0 1 28 0 579 1 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X KATHRYN A BARTON 6103594428 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 PATRICK J BURKE CHAIRMAN OF THE BOARD 3.00 0.00 X X 0 0 0 ELIZABETH K UNGER 1ST VICE PRESIDENT 2.00 0.00 X X 0 0 0 JOHN W LEAR 2ND VICE PRESIDENT 2.00 0.00 X X 0 0 0 EDGAR ROBERT KUNZ JR DDS SECRETARY 2.00 0.00 X X 0 0 0 PETER E BORT TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL J BUONGIORNO TRUSTEE 2.00 0.00 X 0 0 0 EUGENE C CAPALDI TRUSTEE 2.00 0.00 X 0 0 0 EDWARD CHIOSSO TRUSTEE 2.00 0.00 X 0 0 0 DR JANE E GULICK TRUSTEE 2.00 0.00 X 0 0 0 CASWELL F HOLLOWAY III TRUSTEE 2.00 0.00 X 0 0 0 CHARLES L LADNER TRUSTEE 2.00 0.00 X 0 0 0 TIMOTHY MALARKEY TRUSTEE 2.00 0.00 X 0 0 0 CHARLES E RAMMEL TRUSTEE 2.00 0.00 X 0 0 0 ROBERT E SCHULZ TRUSTEE 2.00 0.00 X 0 0 0 MARY ANNE M STETZER TRUSTEE 2.00 0.00 X 0 0 0 MASSY WILLIAMS TRUSTEE 2.00 0.00 X 0 0 0 ANATOLE BREDIKIN RESIDENT ASSOCIATION PRESIDENT 4.00 0.00 X 0 0 0 SHERRY L SMYTH PRESIDENT AND CEO 37.50 0.00 X 263588 0 16257 FRANK BEECH EXECUTIVE DIRECTOR 37.50 0.00 X 145798 0 7036 KATHRYN A BARTON DIRECTOR OF FINANCE 37.50 2.50 X 101885 0 6003 ELAINE KAISER DIRECTOR OF MARKETING 37.50 0.00 X 108365 0 7071 JOHN ALBERICI JR DIRECTOR OF FOOD SERVICES 37.50 0.00 X 105985 0 6981 725621 0 43348 5 0 1 0 RUMFORD & RUMFORD INC 400 WEST STATE STREET MEDIA PA 19063 GENERAL CONTRACTOR 4008065 GENESIS ELDERCARE REHAB SERVICES PO BOX 821322 PHILADELPHIA PA 19182 THERAPY CONTRACTOR 1354327 ELECTRONIC SECURITY SOLUTIONS LLC 101 E LAUREL AVENUE CHELTENHAM PA 19012 SECURITY SYSTEM CONTRACTOR 812426 JL ROOFING AND SIDING 1966 PIONEER ROAD SUITE A HUNTINGTON VALLEY PA 19006 ROOFING CONTRACTOR 729784 CCS BUILDING GROUP LLC 100 WILLOW VALLEY LAKES DRIVE WILLOW STREET PA 17584 CONSTRUCTION SERVICES 472504 14 595450 595450 RESIDENT CARE FEES 623000 15302151 15302151 MEDICAL CARE FEES 623000 8961337 8961337 AMORT. OF DEFERRED ENTRY FEES 623000 3716072 3716072 RESIDENT SERVICE FEE 623000 173972 173972 31827 31827 28185359 427456 427456 73732 7890 65842 65842 65842 770149 651583 118566 118566 118566 29392673 28185359 0 611864 540008 540008 520174 520174 13877915 13335867 542048 379347 341412 37935 1887351 1634897 252454 879559 810385 69174 54871 54871 68551 68551 76692 76692 763671 693576 70095 234453 230110 4343 1137539 865441 272098 1967152 1887917 79235 31505 25246 6259 805273 805273 3457080 3111372 345708 227585 38765 188820 FOOD 1261268 1261268 REPAIRS AND MAINTENANCE 534125 534125 MEDICAL SUPPLIES 279715 279715 BAD DEBT 132397 132397 60539 60539 29176770 25783040 3393730 0 4657959 2480279 101553 1415332 1202359 3423098 17526 18839 433890 515017 81281743 46256724 31813174 35025019 18799356 19890617 503611 376643 2027028 3240465 59556456 66385309 2891842 4524664 21987267 24215542 22165157 23329883 922130 1872595 1376474 1807641 49342870 55750325 X 6529433 6471887 2584153 3063097 1100000 1100000 10213586 10634984 59556456 66385309 X 215903 694915 -489420 X X 0 1 X 1 0 X 1630 64827 49390 446733 537197 1099777 24003727 25534757 27877435 28360424 28185359 133961702 24005357 25599584 27926825 28807157 28722556 135061479 573476 573476 0 573476 573476 134488003 731976 499843 469847 595275 501188 2798129 731976 499843 469847 595275 501188 2798129 24737333 26099427 28396672 29402432 29223744 137859608 0.97550 0.97680 0.02030 0.02320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 523469 67674 2910400 0 1 0 1 X 14823123 573476 372321 251292 60435 15457193 15574964 116372 628175 1496388 14823123 15564339 10625 15574964 19675360 6056 4117077 15564339 19696120 1630 -22390 19675360 0.73000 0.05000 0.22000 0 0 69974171 37794508 32179663 10877144 8124268 2752876 430428 337948 92480 35025019 INTEREST RATE SWAP AGREEMENT 1807641 1807641 X PART IV, LINE 2B: REFUNDABLE DEPOSITS FROM PROSPECTIVE RESIDENTS REPRESENT WAITING LIST DEPOSITS AND PARTIAL PAYMENTS MADE ON ENTRY FEES. SUCH DEPOSITS BY PROSPECTIVE RESIDENTS OR RESIDENT COUPLES ARE FULLY REFUNDABLE AND ARE CREDITED TOWARD THE ENTRY FEE UPON MOVE IN. PART V, LINE 4: ENDOWMENT FUNDS INCLUDE BOARD DESIGNATED OR QUASI-ENDOWMENT FUNDS, MEDICAL RESERVE FUND, RESIDENT'S ENDOWMENT FUND, RESIDENT'S RESERVE FUND, MEMORIAL GARDEN FUND AND TRUST FUND. THE MEDICAL RESERVE AND RESIDENT'S ENDOWMENT FUNDS PROVIDE FUNDS TO HELP SUPPORT THE CARE OF CERTAIN RESIDENTS WHO ARE UNABLE TO PAY THEIR MONTHLY FEE. THE MEMORIAL GARDEN FUND IS A SPECIFIC-PURPOSE FUND USED FOR THE MAINTENANCE OF A GARDEN DEDICATED TO THE MEMORY OF PAST RESIDENTS. THE TRUST FUND IS A PERMANENTLY RESTRICTED FUND, INCOME AND GAINS EARNED BY THE TRUST ARE UNRESTRICTED AND AVAILABLE FOR USE AS DESIGNATED BY THE BOARD OF TRUSTEES. PART X, LINE 2: DUNWOODY VILLAGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. DUNWOODY 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 THE DUNWOODY'S CONSOLIDATED FINANCIAL STATEMENTS. DUNWOODY'S TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2011 TO 2013 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. 1 PER DIEM SUBSIDY FOR LIFECARE RESIDENTS 5 467932 RESIDENT RESERVE 4 72076 PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANTS - DUNWOODY VILLAGE PROVIDES FINANCIAL ASSISTANCE TO CERTAIN ELIGIBLE RESIDENTS TO PAY FOR MONTHLY AND MEDICAL CARE FEES. THE INITIAL APPLICATION IS REVIEWED BY TOP MANAGEMENT AND IF DEEMED ELIGIBLE FOR FINANCIAL ASSISTANCE THE APPLICATION IS FORWARDED TO THE APPROPRIATE COMMITTEE FOR FINAL APPROVAL. ONCE APPROVED THE PAPERWORK IS FORWARDED TO THE ACCOUNTING OFFICE FOR PROCESSING OF THE GRANT. THE OFFICE OF THE DIRECTOR OF FINANCE MONITORS THE GRANT ON AN ON GOING BASIS. X X X 0 0 0 0 0 0 0 0 0 SHERRY L SMYTH PRESIDENT AND CEO 211588 0 52000 0 0 0 13000 0 3257 0 279845 0 0 0 FRANK BEECH EXECUTIVE DIRECTOR 122119 0 23679 0 0 0 4977 0 2059 0 152834 0 0 0 A DELAWARE COUNTY AUTHORITY REVENUE BONDS SERIES OF 2013 231973437 NONEAVAIL 2013-12-20 35000000 REFUND 2003 & 2006 SERIES BONDS, FUND CAMPUS AND CARRIAGE HOME PROJECTS 0 0 0 A 352982 23682865 239226 560317 4410645 18472677 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 5 THE ORGANIZATION CAPITALIZED INTEREST ON THE NEW MONEY PORTION EQUIVALENT TO $239,226.46. SCHEDULE K, PART II, LINE 3 ON DECEMBER 20, 2013, DUNWOODY ENTERED INTO A BOND PURCHASE AND LOAN AGREEMENT WITH THE DELAWARE COUNTY AUTHORITY (THE AUTHORITY) PURSUANT TO WHICH THE AUTHORITY AUTHORIZED $35,000,000 OF THE SERIES 2013 REVENUE BONDS. FROM THE PROCEEDS OF THIS ISSUANCE, THE AUTHORITY ADVANCED A TOTAL OF $22,165,157 AT CLOSING TO BE USED AS FOLLOWS: 1) $19,272,220 WILL BE APPLIED TO REFUND THE OUTSTANDING BALANCE OF THE DELAWARE COUNTY AUTHORITY REVENUE BONDS, SERIES 2006 AND SERIES 2003, 2) $2,075,656 WILL BE USED TO FUND THE CAMPUS PROJECT AND 3) $817,281 WILL BE USED TO FUND THE CARRIAGE HOME PROJECT. THE REMAINING AMOUNTS FROM THE PROCEEDS OF ISSUANCE WILL BE LOANED AND ADVANCED TO DUNWOODY AS A DRAW-DOWN LOAN, TO BE USED AS FOR THE CAMPUS PROJECT AND THE CARRIAGE HOME PROJECT. DRAWS IN 2014 EQUATED TO $1,517,708. THE ISSUE PRICE OF $35,000,000 DIFFERS FROM PART II, LINE 3 ($23,682,865) BY $11,317,135 WHICH REPRESENTS AMOUNTS THAT HAVE NOT YET BEEN DRAWN ON AND A PRINCIPAL REPAYMENT OF $352,982. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE OFFICERS OF THE CORPORATION AND OTHER TRUSTEES THAT MAY BE NAMED TO THE COMMITTEE BY THE CHAIR. THE EXECUTIVE COMMITTEE: (A) SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION AND SHALL: (I) ACT AS AN ETHICS COMMITTEE WHEN NEEDED TO DEVELOP POLICIES AND GUIDELINES FOR HANDLING OF ETHICAL ISSUES AND REVIEW AND GIVE CONSULTATION INVOLVING ETHICAL DIFFICULTIES. (II) CONDUCT PERFORMANCE REVIEW OF PRESIDENT CHIEF EXECUTIVE OFFICER. (III) MONITOR EFFECTIVENESS AND APPROVE INCENTIVE COMPENSATION OF EMPLOYEES UNDER INCENTIVE COMPENSATION PROGRAMS. (IV) REVIEW AND RECOMMEND TO THE BOARD CHANGES TO THE HUMAN RESOURCES POLICY AND BENEFIT PLANS OF THE CORPORATION. (V) SUCH OTHER DUTIES AND FUNCTIONS AS MAY BE ASSIGNED BY THE BOARD. (B) THE EXECUTIVE COMMITTEE, HOWEVER, SHALL NOT HAVE ANY POWER OR THE AUTHORITY AS TO THE FOLLOWING: (I) THE FILLING OF VACANCIES IN THE BOARD OF TRUSTEES. (II) THE ADOPTION, AMENDMENT OR REPEAL OF (THE) BYLAWS OF THE CORPORATION. (III) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD. (IV) ACTION ON MATTERS ASSIGNED BY (THE) BYLAWS OR RESOLUTION OF THE BOARD OF TRUSTEES TO ANOTHER COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE BOARD OF TRUSTEES AND THE MEMBERS OF DUNWOODY VILLAGE ARE IDENTICAL. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE REVIEWS THE 990 WITH THE AUDITORS PRIOR TO ITS SENDING. ALL BOARD MEMBERS WILL RECEIVE A COPY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DUNWOODY VILLAGE REQUIRES THAT EACH TRUSTEE, OFFICER, EMPLOYEE AND MEMBER OF THE CLINICAL STAFF CONDUCT THEIR AFFAIRS IN AN ETHICAL MANNER AND IN A WAY THAT AVOIDS CONFLICT OF INTEREST. ANY POTENTIAL CONFLICT OF INTEREST THAT THE MEMBERS OF DUNWOODY VILLAGE AND ITS RELATED PARTIES MAY HAVE IS DISCLOSED IN WRITING TO THE CORPORATE COMPLIANCE OFFICER. IF A CONFLICT OF INTEREST SHOULD ARISE FROM A VOTING BOARD MEMBER, THAT BOARD MEMBER WOULD BE PROHIBITED FROM VOTING ON THOSE SPECIFIC CONFLICTING MATTERS. USE OF POSITION TO SECURE ANY SPECIAL DISCOUNT OR OTHER FAVORABLE TREATMENT FROM ANY PERSON OR ORGANIZATION WITH WHICH DUNWOODY VILLAGE DOES OR IS SEEKING TO DO BUSINESS WITH IS PROHIBITED. FORM 990, PART VI, SECTION B, LINE 15 THE TOTAL EXECUTIVE COMPENSATION PHILOSOPHY APPLIES TO THE PRESIDENT/CEO AND THE DIRECTORS OF DUNWOODY VILLAGE THAT REPORT TO HER. THE TOTAL EXECUTIVE COMPENSATION PHILOSOPHY IS TO MAINTAIN A PACKAGE OF SALARY AND BENEFITS THAT WILL ENSURE THAT DUNWOODY VILLAGE WILL CONSISTENTLY ATTRACT AND RETAIN COMPETENT EXECUTIVE MANAGEMENT. AT LEAST EVERY OTHER YEAR SALARY AND BENEFITS PAID BY SIMILAR ORGANIZATIONS WILL BE REVIEWED THROUGH WAGE AND BENEFITS SURVEYS BY THE HUMAN RESOURCES DIRECTOR. THE HUMAN RESOURCES DIRECTOR WILL ADVISE THE CEO AND THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HOW THE EXECUTIVE COMPENSATION COMPARES WITH THAT BEING PAID BY SIMILAR ORGANIZATIONS FOR CEO POSITIONS. REVIEW OF THE CEO COMPENSATION IS COMPLETED ANNUALLY AND LAST OCCURRED IN FEBRUARY, 2014. IT IS THE PRACTICE OF DUNWOODY VILLAGE TO MAINTAIN A COMPETITIVE COMPENSATION PACKAGE FOR ITS EMPLOYEES TO CONSISTENTLY ATTRACT AND RETAIN COMPETENT EMPLOYEES. ON AN ONGOING BASIS, THE HUMAN RESOURCES DEPARTMENT REVIEWS EMPLOYEES COMPENSATION PAID BY SIMILAR ORGANIZATIONS IN THE LOCAL COMMUNITY THROUGH WAGE AND BENEFITS SURVEYS. EMPLOYEE COMPENSATION IS ALSO REVIEWED AND COMPARED WITH NATIONAL AND STATE ASSOCIATIONS WAGE SURVEYS OF CCRCS. THE BOARD OF TRUSTEES ALSO REVIEWS AND APPROVES COMPENSATION INCREASES FOR BOTH OFFICERS AND KEY EMPLOYEES. REVIEW OF ALL OTHER EMPLOYEES' COMPENSATION LAST OCCURRED IN FEBRUARY 2014. FORM 990, PART VI, SECTION C, LINE 19 DUNWOODY VILLAGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -431,167. RELEASE OF NET ASSETS NETTED WITH CONTRIBUTIONS ON THE FS -58,253. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DUNWOODY LONG TERM CARE SERVICES 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 ELDERLY CARE PA 52997 599772 DUNWOODY VILLAGE INC THE DUNWOODY TRUST 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 CHARITY CARE FUNDING PA 629374 4300615 DUNWOODY VILLAGE INC DUNWOODY ALLIED SERVICES 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 232854206 ELDERLY CARE PA 501(C)(3) LINE 11A, I DUNWOODY VILLAGE 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 1 1 DUNWOODY ALLIED SERVICES L 90000 COST DUNWOODY ALLIED SERVICES S 270000 COST THE DUNWOODY TRUST S 267000 COST