2015-04-03T12:29:23-05:00 2014-06-30 381357951 PLANTE & MORAN PLLC 65 EAST STATE ST STE 600 COLUMBUS OH 43215 990 2013-07-01 310544277 MAPLE KNOLL INC MAPL 5137822400 11100 SPRINGFIELD PIKE CINCINNATI OH 45246 KENNETH W HUFF EXECUTIVE VICE PRESIDENT & CFO 5137822400 2015-03-11 1 BERNIE OSTROWSKI P00366367 6148493000 2013 2016-02-25 16:41:14Z SEE SCHEDULE O JAMES FORMAL 11100 SPRINGFIELD PIKE CINCINNATI OH 45246 53342376 0 X WWW.MKCOMMUNITIES.ORG X 1934 OH MAPLE KNOLL COMMUNITIES, INC. IS A NOT-FOR-PROFIT CORPORATION WHICH PROVIDES HOUSING, HEALTH CARE AND OTHER RELATED SERVICES AND ACTIVITIES FOR THE BENEFIT OF THE ELDERLY. MAPLE KNOLL COMMUNITIES OWNS AND OPERATES TWO CONTINUING CARE RETIREMENT COMMUNITIES (CCRC) LOCATED IN CINCINNATI, OHIO AND OXFORD, OHIO. 20 20 1324 720 -161444 -161444 1283614 1446042 40357747 39638085 1367264 2141808 879998 806179 43888623 44032114 562389 529451 0 0 21417572 22536798 0 0 168825 24425305 23040387 46405266 46106636 -2516643 -2074522 127454035 132381102 97559446 104488137 29894589 27892965 X THE MISSION OF MAPLE KNOLL COMMUNITIES, INC. IS TO BE A GROWING PROVIDER OF OUTSTANDING FACILITIES AND SERVICES FOR THE AGING WITHIN THE TRISTATE AREA WHICH ALLOWS THOSE WE SERVE TO THRIVE IN A SAFE, STIMULATING, AND DIGNIFIED ENVIRONMENT. THIS WILL BE ACCOMPLISHED THROUGH THE PRACTICE OF RESPONSIBLE FISCAL STEWARDSHIP. 0 0 24261000 323566 26218000 "MAPLE KNOLL VILLAGE" - MAPLE KNOLL VILLAGE IS A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY WITH A HISTORY OF MORE THAN 166 YEARS. LOCATED ON A BEAUTIFUL 54-ACRE CAMPUS, OUR COMMUNITY OFFERS 266 VILLAS AND APARTMENTS, 63 ASSISTED LIVING APARTMENTS AND A 145-BED NURSING FACILITY. THE COMMUNITY IS RECOGNIZED AS A TEACHING FACILITY FOR FUTURE GERIATRICIANS THROUGH THE UNIVERSITY OF CINCINNATI. THE GERIATRIC EVALUATION CENTER, A CLINICAL SERVICE OF THE UNIVERSITY FAMILY PHYSICIANS, INC. IS LOCATED ON THIS CAMPUS. THE QUALITY OF THE VILLAGE'S RESIDENTIAL HEALTH CARE SERVICES AND PROGRAMS ARE ATTESTED TO BY A LONG LIST OF ACCREDITATIONS AND CITATIONS, INCLUDING THE CONTINUING CARE ACCREDITATION COMMISSION (CCAC). 10896000 205885 9959000 "THE KNOLLS OF OXFORD" - THE KNOLLS OF OXFORD IS A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY WITH CULTURE AND CHARM. LOCATED ON A BEAUTIFUL 85-ACRE CAMPUS, THE COMMUNITY OFFERS 98 VILLAS, 28 ASSISTED LIVING APARTMENTS AND A 62-BED SKILLED NURSING FACILITY AND REHABILITATION CENTER. THE COMMUNITY BOASTS OF A UNIQUE AFFILIATION WITH MIAMI UNIVERSITY. THIS AGREEMENT OFFERS MULTIPLE OPPORTUNITIES FOR MIAMI STUDENTS, BUT IS ALSO A TREMENDOUS BENEFIT FOR KNOLLS RESIDENTS AS WELL. THE QUALITY OF SERVICES AND OPPORTUNITIES AT THE KNOLLS OF OXFORD IS REINFORCED BY ITS ACCREDITATION THROUGH THE CONTINUING CARE ACCREDITATION COMMISSION (CCAC). 1760000 0 1901000 "MAPLE KNOLL HOME HEALTH SERVICES" - THE MISSION OF MAPLE KNOLL HOME HEALTH SERVICES IS TO HELP OLDER ADULTS LIVE TO THEIR HIGHEST POTENTIAL AS INDIVIDUALS WHO SEEK INDEPENDENCE, GOOD HEALTH AND PERSONAL FULFILLMENT. WE STRIVE TO PROVIDE THE HIGHEST QUALITY OF MEDICAL CARE AND SUPPORT IN THE HOME WITH COMPASSION AND RESPECT FOR EACH PERSON. MAPLE KNOLL HOME HEALTH SERVICES OFFERS A FULL RANGE OF HOME HEALTH SERVICES THAT ENABLE INDIVIDUALS TO RECUPERATE SAFELY IN THEIR HOME. NURSES, THERAPISTS AND AIDES PROVIDED A TOTAL OF NEARLY 16,000 VISITS THE PAST YEAR IN FIVE OHIO COUNTIES (HAMILTON, BUTLER, WARREN, CLERMONT AND PREBLE). 5527237 0 1563976 "SYCAMORE SENIOR CENTER" - SYCAMORE SENIOR CENTER PROVIDES NEEDED OUTREACH TO THE COMMUNITY. THIS PAST YEAR, THE CENTER SERVED APPROXIMATELY 87,000 HOME DELIVERED MEALS AND REMAINS AN ACTIVE MEMBER OF THE MEALS ON WHEELS ASSOCIATION OF AMERICA. THE CENTER PROVIDED APPROXIMATELY 5,500 TRIPS AND OVER 65,500 MILES TO HOSPITALS, DOCTORS' OFFICES, THERAPY AND REHAB CENTERS, GROCERY STORES AND THE SENIOR CENTER. WITH MORE THAN 2,000 MEMBERS, THE CENTER HAS SERVED OVER 16,000 CONGREGATE MEALS DEMONSTRATING THE IMPORTANCE OF A HOT MEAL, GOOD FRIENDS AND GREAT CONVERSATION. 5527237 0 1563976 42444237 1 1 0 1 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 0 1 1 1 0 0 1 106 0 1324 1 1 1 0 0 0 0 1 1 0 0 0 1 0 X 20 20 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X KENNETH W HUFF 5137822550 11100 SPRINGFIELD PIKE CINCINNATI OH 45246 STEVEN A WILSON CHAIRMAN OF THE BOARD 1.00 0.00 X X 0 0 0 GARY T HUFFMAN TREASURER 1.00 0.00 X X 0 0 0 RONALD L WILEY BOARD MEMBER 1.00 0.00 X 0 0 0 DIANE Y DUMBAULD SECRETARY 1.00 0.00 X X 0 0 0 RONALD A BEYMER FIRST VICE-CHAIRMAN 1.00 0.00 X X 0 0 0 JOHN C BLOOMSTROM SECOND VICE-CHAIRMAN 1.00 0.00 X X 0 0 0 THOMAS E DEWEY BOARD MEMBER 1.00 0.00 X 0 0 0 ANNE G FEUER BOARD MEMBER 1.00 0.00 X 0 0 0 ANN HUFFMAN BOARD MEMBER 1.00 0.00 X 0 0 0 MARILYN P KREMZAR BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD M NORMAN BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM B BROWN BOARD MEMBER 1.00 0.00 X 0 0 0 KURT MARTY BOARD MEMBER 1.00 0.00 X 0 0 0 STEVEN L BRASH BOARD MEMBER 1.00 0.00 X 0 0 0 JENNIFER L DAVIS BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN LANG BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN A MCLEOD BOARD MEMBER 1.00 0.00 X 0 0 0 DONNA S MARTSOLF BOARD MEMBER 1.00 0.00 X 0 0 0 JODI SOBOTKA BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID ZUIDEMA BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES FORMAL PRESIDENT, CEO 40.00 0.00 X 357712 0 63380 KENNETH W HUFF EXECUTIVE VP & CFO 40.00 0.00 X 214973 0 50565 ROBERT HANNEKEN WMKV DEVELOPMENT DIRECTOR 40.00 0.00 X 120628 0 11404 ROSE DENMAN VICE PRESIDENT 40.00 0.00 X 123260 0 22747 TIMOTHY MCGOWAN VICE PRESIDENT 40.00 0.00 X 158999 0 15202 ANDREW CRAIG DIRECTOR OF IT 40.00 0.00 X 106858 0 21889 1082430 0 185187 9 0 1 0 EUGENE H RUECKERT 9458 FLICK ROAD CINCINNATI OH 45247 CONSTRUCTION 1899246 CINCINNATI LAWN MASTERS 2751 ROYAL GLEN DRIVE CINCINNATI OH 45239 LANDSCAPE 498862 CRAWLEY ROOFING 6002 GRAF ROAD BROOKVILLE IN 47012 ROOFING 362629 D-POWER LLC 1277 ELMS COVE FAYETTEVILLE OH 45118 PAINTING 357196 ROGERS PAVEMENT MAINTENANCE INC 11061 DEERFIELD ROAD BLUE ASH OH 45242 PAVEMENT 336950 9 31256 650 37220 1376916 1446042 ROOM AND BOARD REVENUE 623000 34433165 34433165 COMMUNITY SERVICES 623000 2804144 2804144 AMORTIZED ENTRANCE FEE 623000 2400776 2400776 39638085 1161792 1161792 194020 351573 -157553 -157553 3891 -161444 9469490 450000 8649111 290363 820379 159637 980016 980016 27975 650 19215 8760 8760 CAFE REVENUE 900099 332150 332150 TELEPHONE/INTERNET/CABLE REVENUE 900099 182358 182358 SALON REVENUE 900099 165087 165087 275377 275377 954972 44032114 39641976 -161444 3105540 529451 529451 686630 686630 16769427 15968361 670964 130102 478144 467780 10364 2718472 2126437 592035 1884125 1688955 195170 18578 18578 13369 13369 131328 131328 181999 181999 267502 209876 57626 5729395 5283370 410986 35039 684122 146715 537407 3178636 3178636 74800 74800 3800961 3800961 5945852 5945852 248858 248858 FOOD EXPENSE 2123579 2123579 LICENSE SURCHARGE 374905 210995 163910 BAD DEBTS 214690 214690 OTHER 51813 42922 5207 3684 46106636 42444237 3493574 168825 1087427 1347309 190532 160682 2056001 2232006 626613 263045 669979 559711 161754213 70840017 91488897 90914196 16505904 17123127 9749468 14821524 5079214 4959502 127454035 132381102 6210593 7515276 26022588 27223221 56265419 65447175 5886989 875617 3173857 3426848 97559446 104488137 X 18908640 16003335 568734 365076 10417215 11524554 29894589 27892965 127454035 132381102 X -2074522 385022 -312124 X X 0 1 X 1 0 X 1348080 1266029 1494981 1283614 1446042 6838746 40380271 42795251 41652581 40357747 39384818 204570668 41728351 44061280 43147562 41641361 40830860 211409414 1047838 333544 746619 388954 319150 2836105 0 1047838 333544 746619 388954 319150 2836105 208573309 1376049 1274542 709523 978449 1214042 5552605 1376049 1274542 709523 978449 1214042 5552605 1343857 1371339 407439 974675 1183964 5281274 44448257 46707161 44264524 43594485 43228866 222243293 0.93850 0.93540 0.02500 0.02540 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2009 AMOUNT: $ 1,343,857. 2010 AMOUNT: $ 1,371,339. 2011 AMOUNT: $ 407,439. 2012 AMOUNT: $ 251,295. 2013 AMOUNT: $ 528,644. SALON REVENUE - 2012 AMOUNT: $ 169,104. 2013 AMOUNT: $ 165,087. CAFE REVENUE - 2012 AMOUNT: $ 339,709. 2013 AMOUNT: $ 332,150. TELEPHONE/INTERNET/CABLE REVENUE - 2012 AMOUNT: $ 175,986. 2013 AMOUNT: $ 130,108. FUNDRAISING REVENUE - 2012 AMOUNT: $ 38,581. 2013 AMOUNT: $ 27,975. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 18000 18000 0 PART II-B, LINE 1: THE ORGANIZATION CONTRACTS A LOBBYIST TO KEEP THE ORGANIZATION INFORMED ON CURRENT LEGISLATIVE ISSUES IN THE STATE HOUSE AND TO EDUCATE THE LAWMAKERS ON A VARIETY OF INDUSTRY ISSUES AND THE POTENTIAL IMPACT PROPOSED LEGISLATION WOULD HAVE ON THE INDUSTRY. 2497390 2497390 129585977 53434257 76151720 12753810 5940946 6812864 16739410 11464814 5274596 177626 177626 90914196 DEBT SERVICE FUNDS 4190630 C BENEFICIAL INTEREST IN IRREVOCABLE TRUST 10630894 C 14821524 PROVISIONS FOR INTEREST RATE SWAP 2614441 CHARITABLE GIFT ANNUITY 231958 DEFERRED COMPENSATION 251320 CAPITAL LEASES PAYABLE 329129 3426848 X 42996062 385022 -1653615 -1268593 44264655 -232541 -232541 44032114 45901367 370788 370788 45530579 576057 576057 46106636 PART X, LINE 2: MAPLE KNOLL COMMUNITIES, INC. IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATIN AND HAS CONCLUDED THAT AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S 2011, 2012, AND 2013 TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 97,771. RELEASE OF NET ASSETS 235,409. LOSS ON EXTINQUISHMENT OF DEBT -1,399,038. NONOPERATING EXPENSES INCLUDED IN REVENUE ON FS -46,606. GRANTS TO INDIVIDUALS -529,451. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -11,700. PART XI, LINE 4B - OTHER ADJUSTMENTS: TEMP. RESTRICTED CONTRIBUTIONS 31,751. PERM. RESTRICTED CONTRIBUTIONS 106,496. RENTAL EXPENSES REPORTED ON PART VIII -351,573. FUNDRAISING EXPENSES REPORTED ON PART VIII -19,215. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII 351,573. FUNDRAISING EXPENSES REPORTED ON PART VIII 19,215. PART XII, LINE 4B - OTHER ADJUSTMENTS: NONOPERATING EXPENSES INCLUDED IN REVENUE ON FS 46,606. GRANTS TO INDIVIDUALS 529,451. WMKV GOLF OUTING 28625 650 27975 0 1150 7243 7632 0 3190 28625 650 27975 1150 7243 7632 3190 19215 8760 1 CHARITABLE ASSISTANCE - RENT 18 529451 PART I, LINE 2: RESIDENTS MUST MEET SET FINANCIAL CRITERIA TO QUALIFY FOR ASSISTANCE. EVP REVIEWS FINANCIAL INFORMATION WITH RESIDENT AND DETERMINES HOW MUCH THE RESIDENT CAN AFFORD TO PAY FOR RENT. ACTUAL RENT IS THEN REDUCED WITH THE ASSISTANCE BY THE DETERMINED AMOUNT. 1 X X X 0 1 0 0 0 0 0 0 0 JAMES FORMAL PRESIDENT, CEO 280594 0 55200 0 21918 0 41900 0 21480 0 421092 0 0 0 KENNETH W HUFF EXECUTIVE VP & CFO 177373 0 30000 0 7600 0 23384 0 27181 0 265538 0 0 0 TIMOTHY MCGOWAN VICE PRESIDENT 143999 0 15000 0 0 0 6274 0 8928 0 174201 0 0 0 PART I, LINE 4B THE CEO, JAMES FORMAL, AND CFO, KENNETH HUFF, HAVE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS. AMOUNTS FOR 6/30/14 WERE $32,000 FOR JAMES FORMAL AND $12,000 FOR KENNETH HUFF. MAPLE KNOLL COMMUNITIES ADOPTED THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR THE TWO EXECUTIVE REFERENCED ABOVE IN 2007. A PORTION OF THE COMPENSATION HAS BEEN DEFERRED IN ACCORDANCE WITH TERMS OF THE AGREEMENT WHICH STATES THAT THE EXECUTIVE WILL BE ENTITLED TO RECEIVE THIS BENEFIT UPON RETIREMENT. A BUTLER COUNTY PORT AUTHORITY 310544277 12354NAL0 2002-05-01 58000000 CONSTRUCTION 0 0 0 B BUTLER COUNTY PORT AUTHORITY 310544277 12345NAE6 2007-06-20 28145000 CONSTRUCTION 0 0 0 C BUTLER COUNTY PORT AUTHORITY 310544277 2010-07-28 30000000 REFUNDING 0 0 0 D BUTLER COUNTY PORT AUTHORITY 310544277 12355RAC0 2013-07-31 24415000 REFUNDING 0 0 0 A 58000000 58000000 0 0 1 0 B 28145000 28145000 0 0 1 0 C 30000000 30000000 0 0 1 0 D 24415000 3092000 619298 1 0 1 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 1 0 0 0 0 0 A 0 B 0 C 0 D 0 FORM 990, SCHEDULE K, COLUMN B, PART II, LINE 14: THE REFINANCING OF ALL EXISTING DEBT OCCURRED IN A SERIES OF TRANSACTIONS ON JULY 31, 2013 (3), AUGUST 15, 2013 (2), SEPTEMBER 3, 2013 (2), AND SEPTEMBER 18, 2013. A COMPLETE EXPLANATION CAN BE FOUND IN THE OFFICIAL STATEMENT, STORED IN THE ELECTRONIC MUNICPIAL MARKET ACCESS WEBSITE (WWW.EMMA.MSRB). A BUTLER COUNTY PORT AUTHORITY 310544277 12355RAB2 2013-07-31 6505000 REFUNDING 0 0 0 B BUTLER COUNTY PORT AUTHORITY 310544277 2013-08-15 4000000 REFUNDING 0 0 0 C BUTLER COUNTY PORT AUTHORITY 310544277 2013-08-15 6000000 REFUNDING 0 0 0 D BUTLER COUNTY PORT AUTHORITY 310544277 2013-09-03 1000000 REFUNDING 0 0 0 A 6505000 1 0 1 0 B 4000000 1 0 1 0 C 6000000 1 0 1 0 D 1000000 1 0 1 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 B 0 0 0 0 1 0 0 0 0 C 0 0 0 0 1 0 0 0 0 D 0 0 0 0 1 0 0 0 0 A 0 B 0 C 0 D 0 A BUTLER COUNTY PORT AUTHORITY 310544277 2013-09-03 9000000 REFUNDING 0 0 0 B BUTLER COUNTY PORT AUTHORITY 310544277 2013-09-18 9185000 REFUNDING 0 0 0 C BUTLER COUNTY PORT AUTHORITY 310544277 2013-07-31 3625000 REFUNDING 0 0 0 A 31561 9000000 1 0 1 0 B 32576 9185000 1 0 1 0 C 31818 3625000 77000 1 0 1 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 C 0 0 0 0 1 0 0 0 0 A 0 B 0 C 0 FORM 990, SECTION C, DOING BUSINESS AS NAME: MAPLE KNOLL VILLAGE, THE KNOLLS OF OXFORD, SYCAMORE SENIOR CENTER, WMKV-FM, MAPLE KNOLL HOME HEALTH SERVICES FORM 990, PART VI, SECTION A, LINE 7A RESIDENTS ELECT ONE VOTING MEMBER. FORM 990, PART VI, SECTION B, LINE 11 THE CFO AND ASSISTANT VICE PRESIDENT OF FINANCE REVIEW THE FORM 990 WITH THE FINANCE COMMITTEE BEFORE FILING, POINTING OUT ANY CHANGES FROM THE PRIOR YEAR. THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS VIA EMAIL FOR THEIR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY IS COMPLETED ONCE A YEAR AT A BOARD MEETING BY THE BOARD OF DIRECTORS. THE POLICY ALSO COVERS KEY MEMBERS OF THE ORGANIZATION. THE BOARD DETERMINES IF A POTENTIAL CONFLICT EXISTS, REVIEWS THE FACTS AND CIRCUMSTANCES, AND VOTES ON THE FINAL DETERMINATION, EXCLUDING THE MEMBER WHO HAS THE POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 FOR THE CEO, THE COMPENSATION COMMITTEE MEETS ANNUALLY TO REVIEW THE CURRENT SALARIED COMPENSATION AND BONUS PACKAGE, BASED ON THE CONTRACTUAL AGREEMENT SIGNED IN THE CEO'S SALARY CONTRACT. AN OUTSIDE CONSULTANT IS USED IF NECESSARY. THE INCREASE IN SALARY IS BASED UPON FINANCIAL RESULTS OF THE COMPANY, FUTURE EXPECTATIONS, AND OTHER BOARD COMMENTS. THE WAGE INCREASE IS COMPARED TO INDUSTRY BENCHMARKS. COMPENSATION FOR OFFICERS AND OTHER KEY EMPLOYEES IS REVIEWED BY THEIR SUPERIOR OFFICER DURING THEIR ANNUAL PERFORMANCE APPRAISAL TO DETERMINE COMPENSATION AMOUNTS. ALL SUPERIOR OFFICERS ARE INDEPENDENT OF THE OFFICERS AND KEY EMPLOYEES THAT HE OR SHE IS REVIEWING. THIS POLICY WAS LAST REVIEWED IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITES -11,700. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 97,771. LOSS ON DEBT EXTINGUISHMENT -1,399,038. GAIN ON BENEFICIAL INTEREST 1,000,843. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS OVERSEES THE AUDIT PROCESS AND APPROVES THE INDEPENDENT AUDIT FIRM. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. MKV INC 11000 SPRINGFIELD PIKE CINCINNATI OH 45246 310914017 HUD SUBSIDIZED HOUSING OH 501(C)(3) 509(A)(2) MAPLE KNOLL COMMUNITIES INC 1 SYCAMORE-ANDERSON SENIOR HOUSING INC 11000 SPRINGFIELD PIKE CINCINNATI OH 45246 311209103 HUD SUBSIDIZED HOUSING OH 501(C)(3) 509(A)(2) MAPLE KNOLL COMMUNITIES INC 1 SYCAMORE-ANDERSON SENIOR HOUSING II INC 11000 SPRINGFIELD PIKE CINCINNATI OH 45246 311428462 HUD SUBSIDIZED HOUSING OH 501(C)(3) 509(A)(2) MAPLE KNOLL COMMUNITIES INC 1 HOMEWELL SENIOR CARE LLC 10889 READING ROAD SHARONVILLE OH 45241 262985876 HOME HEALTH SERVICES OH MAPLE KNOLL COMMUNITIES INC RELATED 13129 1 1 0.77730 53 PRIVATE BANK- ELIZABETH PATTERSON TRUST 5050 KINGSLEY DRIVE CINCINNATI OH 45263 TRUST OH N/A T 9179 275370 0.66670 0 US BANK- FLORIS SACKETT TRUST 425 WALNUT STREET 5TH FLOOR CINCINNATI OH 45202 TRUST OH N/A T 15521 374545 1.00000 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 MKV INC L 73231 GENERAL LEDGER SYCAMORE-ANDERSON SENIOR HOUSING INC L 56959 GENERAL LEDGER