2015-11-13T12:26:42-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2014-01-01 560547462 ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC ALDE 7045325211 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 LUTHER SHORT PRESIDENT 7045325211 2015-11-13 1 JOHN NORMAN P01506766 7049985200 2014 2016-03-07 17:11:31Z SUZANNE H PUGH 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 29522419 0 X WWW.ALDERSGATECCRC.COM X 1945 NC PROVISION OF EXCELLENT CONTINUING CARE SERVICES FOR OLDER ADULTS. 12 12 496 470 0 0 1291109 377522 26978346 28049833 1709400 1095064 -295837 0 29683018 29522419 0 0 0 0 14340990 14339234 0 0 156867 14434066 16677617 28775056 31016851 907962 -1494432 83276867 84150092 77347842 80248596 5929025 3901496 ALDERSGATE IS A MINISTRY OF THE WESTERN NORTH CAROLINA CONFERENCE OF THE UNITED METHODIST CHURCH AND OFFERS EXCEPTIONAL QUALITY OF LIFE OPPORTUNITIES FOR OLDER ADULTS ACROSS A CONTINUUM OF HOUSING AND HEALTH CARE OPTIONS. 0 0 27010010 28049833 ALDERSGATE PROVIDES AFFORDABLE HOUSING, MEALS, SECURITY, ASSISTANCE WITH ESSENTIAL ACTIVITIES OF DAILY LIVING, SKILLED NURSING CARE, AND RELATED SERVICES DESIGNED SPECIFICALLY FOR SENIOR ADULTS WHILE OFFERING RELIGIOUS, CULTURAL, RECREATIONAL AND OTHER ACTIVITIES INCLUDING OPPORTUNITIES FOR COMMUNITY VOLUNTEERING AND TRANSPORTATION TO EVENTS AND APPOINTMENTS. SERVICES ARE PROVIDED 24 HOURS PER DAY. ALDERSGATE MAKES EVERY EFFORT TO CONTINUE PROVIDING SERVICES TO RESIDENTS WHO NEED SUPPLEMENTAL FINANCIAL ASSISTANCE. 27010010 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 1 496 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 0 1 1 1 1 1 1 1 0 X X RAY FISHER CHIEF FINANCIAL OFFICER 7045327000 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 ROY H WIGGINS CHAIR 10.00 X 0 0 0 WILLAM K SPRINGS VICE-CHAIR 10.00 X 0 0 0 JOYCE C BROOKS BOARD MEMBER 5.00 X 0 0 0 REVEREND PATIENCE BRUMLEY BOARD MEMBER 2.00 X 0 0 0 RAYMOND CATHEY BOARD MEMBER 2.00 X 0 0 0 SUSAN S KEEVER SECRETARY 10.00 X X 0 0 0 JOSEPH A LIPE BOARD MEMBER 2.00 X 0 0 0 PETROLIA G NORMAN BOARD MEMBER 2.00 X 0 0 0 MARIE PEARCE BOARD MEMBER 2.00 X 0 0 0 FERNANDO J ESTOPINAL III BOARD MEMBER 2.00 X 0 0 0 PATRICIA A GARRETT BOARD MEMBER 2.00 X 0 0 0 THOMAS R LAWING JR BOARD MEMBER 2.00 X 0 0 0 TOM SHOUP BOARD MEMBER 2.00 X 0 0 0 WILLIAM TRAHAN BOARD MEMBER 2.00 X 0 0 0 SUZANNE HODGE PUGH PRESIDENT 80.00 X 189247 0 0 KAREN AIKEN CORPORATE SECRETARY 50.00 X 100848 0 0 CALLIE V BAKER ADMISSIONS DIRECTOR 50.00 X 123503 0 0 LUTHER SHORT CFO 45.00 X 124615 0 0 YVETE PORTERFIELD DIRECTOR OF NURSING 50.00 X 110821 0 0 649034 0 0 5 0 1 0 GENESIS ELDERCARE REHAB SERVICES PO BOX 821322 PHILADELPHIA PA 19182 PHYSICAL THERAPY 1987269 US FOOD SERVICE PO BOX 602292 CHARLOTTE NC 282602292 FOOD AND ENVIRONMENTAL 1386328 BLUE CROSS & BLUE SHIELD 5901 CHAPEL HILL ROAD DURHAM NC 27707 INSURANCE SERVICES 1170432 DUKE POWER COMPANY PO BOX 70516 CHARLOTTE NC 282720156 UTILITY SERVICES 689470 SOUTHERN PHARMACY PO BOX 382 PINK HILL NC 28572 CONSTRUCTION SERVICES 641599 28 377522 377522 RESIDENT REVENUE 623000 26104347 26104347 ENTRANCE FEES EARNED 623000 1714166 1714166 231320 231320 28049833 696991 696991 398073 0 398073 398073 398073 29522419 28049833 0 1095064 290195 290195 13038866 12409846 539756 89264 68085 62359 5726 73766 49648 24118 868322 774104 87633 6585 102492 102492 52360 52360 350906 234831 116075 248640 227200 21440 283860 31227 229953 22680 202748 202748 1561350 1523908 37442 206068 38453 153206 14409 44923 5775 36659 2489 2096756 2088111 8645 4102144 3789602 312542 1453292 579392 873900 MEDICAL RX, SUPPLIES 3774781 3774781 GENERAL & ADMINISTRATIV 1952853 1464640 488213 EQUIPMENT EXPENSE 167608 125706 41902 DUES & SUBSCRIPTIONS 76836 57627 19209 31016851 27010010 3849974 156867 1800 1800 4413576 1919444 1232603 1715427 102527 64718 107184 161733 104054568 53554684 49484858 50499884 26042000 28387887 1892319 1399199 83276867 84150092 2356556 4489047 5189038 5381722 37567114 38691863 32235134 31685964 77347842 80248596 X 3626774 1918577 1688698 1361972 613553 620947 5929025 3901496 83276867 84150092 -1494432 -533097 0 X X 0 1 X 1 0 X 550375 535249 319385 1291109 377522 3073640 25058029 26356325 27194452 26998346 28049833 133656985 25608404 26891574 27513837 28289455 28427355 136730625 7242 3281 7470 3700 2750 24443 241139 60455 106926 408520 248381 3281 67925 110626 2750 432963 136297662 1557028 703999 570676 504496 696991 4033190 1557028 703999 570676 504496 696991 4033190 27165432 27595573 28084513 28793951 29124346 140763815 0.96830 0.96350 0.02870 0.03110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1610418 2165 71863 1684446 1508510 101908 1610418 1434667 73843 1508510 1403264 31403 1434667 1016977 728285 109707 451705 1403264 0.41000 0.37000 0.22000 0 0 2174045 2174045 82423514 41544138 40879376 11514042 9095970 2418072 7942967 2914576 5028391 50499884 MUTUAL FUNDS 19308943 F ALETNATIVE INVESTMENTS 3787206 F EQUITIES 5093424 F CASH AND EQUIVALENTS 198314 F 28387887 ENTRANCE FEE DEPOSITS 3769 REFUNDABLE ENTRANCE FEES 31499708 ARO LIABILITY 164487 OTHER LT LIABILITIES 18000 31685964 X 29798288 544407 544407 29253881 268538 268538 29522419 31016851 0 31016851 0 31016851 PART V, LINE 4: THE ORGANIZATION USES ENDOWMENT FUNDS TOWARDS VARIOUS DONOR DESIGNATED PURPOSES INCLUDING FINANCIAL ASSISTANCE TO RESIDENTS UNABLE TO PAY AND EMPLOYEE TRAINING. PART X, LINE 2: SHOULD THE TAX-EXEMPT STATUS OF THE ORGANIZATION BE CHALLENGED IN THE FUTURE, THE 2011, 2012, AND 2013 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE ORGANIZATION ADOPTED ACCOUNTING GUIDANCE REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELEASES OF RESTRICTED NET ASSETS USED FOR SERVICES 544,407. PART XI, LINE 4B - OTHER ADJUSTMENTS: TEMPORARILY RESTRICTED CONTRIBUTIONS 160,115. TEMPORARILY RESTRICTED INVESTMENT INCOME 101,029. PERMANENTLY RESTRICTED CONTRIBUTIONS 2,165. PERMANENTLY RESTRICTED INVESTMENT INCOME 5,229. 1 X X X 0 0 0 0 0 0 0 0 0 SUZANNE HODGE PUGH PRESIDENT 189247 0 0 0 0 0 0 0 0 0 189247 0 0 0 A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2013-10-24 38025000 REFUND PRIOR BONDS ISSUED IN 2009 AND 2010 0 0 0 A 935000 37565841 3474738 85879 33337834 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS FORM 990 AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS ARE COVERED AND SIGN THE CONFLICT OF INTEREST POLICY. ITEMS THAT REPRESENT MAJOR EXPENDITURES ARE SUBJECT TO A BID PROCESS WHERE THE LOWEST COST PROVIDER OF THE DESIRED SERVICE IS GENERALLY SELECTED. FORM 990, PART VI, SECTION B, LINE 15 ALL POSITIONS INCLUDING KEY EMPLOYEES IN THE COMPANY ARE COMPARED PERIODICALLY (GENERALLY ANNUALLY) TO WAGE DATA THAT IS DEVELOPED INDEPENDENTLY THROUGH A LOCAL EMPLOYERS ASSOCIATION. THE WAGES ARE REVIEWED TO SEE THAT THEY ARE COMPETITIVE IN THE LOCAL MARKET. COMPENSATION OF THE TOP MANAGEMENT OFFICIAL IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE FILED ANNUALLY WITH THE NORTH CAROLINA DEPARTMENT OF INSURANCE AND PUBLISHED ON ITS WEBSITE. THEY ARE ALSO PRINTED ANNUALLY IN STATUTORILY REQUIRED DISCLOSURE STATEMENTS WHICH ARE AVAILABLE TO THE PUBLIC. ARTICLES OF INCORPORATION ARE AVAILABLE ONLINE AT THE NORTH CAROLINA SECRETARY OF STATE WEBSITE. THE CONFLICTS OF INTEREST POLICY IS AVAILABLE FOR EXAMINATION UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAS ESTABLISHED ITS AUDIT COMMITTEE TO ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.