2015-10-06T09:06:13-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-01-01 237204803 RIVER TERRACE ESTATES INC RIVE 6154697015 PO BOX 2572 BRENTWOOD TN 37024 DAVID STEWART CEO 6154697015 2015-09-28 1 JEFF VRIEZE P01273590 6123764500 2014 2016-03-07 17:11:31Z X DAVID STEWART 2517 MYERS PARK CT BRENTWOOD TN 37027 5944752 0 X N/A X 1971 IN TO PROVIDE HOUSING AND HEALTH CARE SERVICES FOR BLUFFTON AREA SENIOR CITIZENS. 5 0 0 3 0 0 205565 240 6078439 5867002 1093 5038 52192 70730 6337289 5943010 0 0 0 0 0 0 0 0 0 6902418 6943971 6902418 6943971 -565129 -1000961 13723901 13262863 23505840 23995677 -9781939 -10732814 X RIVER TERRACE ESTATES, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED EXPRESSLY FOR THE PURPOSE OF DEVELOPING, OWNING, AND OPERATING A SENIOR LIVING COMMUNITY NEAR BLUFFTON, INDIANA, TO PROVIDE HOUSING AND HEALTH CARE SERVICES AND INCREASE THE FINANCIAL SECURITY FOR BLUFFTON AREA SENIOR CITIZENS. 0 0 2649003 0 3369329 RIVER TERRACE ESTATES, INC. (RTE) OFFERS INDEPENDENT LIVING, ASSISTED LIVING, AND MEMORY SUPPORT SERVICES TO RESIDENTS FACING THE CHALLENGES OF AGING, ALZHEIMER'S DISEASE AND OTHER FORMS OF DIMENTIA. RTE SERVED 76 RESIDENTS IN 2014 WITH APPROXIMATELY 9% OF THESE RESIDENTS RECEIVING A SUBSIDY THROUGH ONE OF THE PROGRAMS RTE IS INVOLVED WITH, SUCH AS THE GOOD NEIGHBOR FUND. 1963697 0 2497673 RTE OFFERS SKILLED NURSING SERVICES IN A 30 BED UNIT TO RESIDENTS REQUIRING EXTENDED CARE TO MANAGE CHRONIC MEDICAL CONDITIONS AND/OR REHABILITATION SERVICES. RTE SERVED 62 RESIDENTS DURING 2014 WITH APPROXIMATELY 16% OF THESE RESIDENTS HAVING INCOME BELOW THE FEDERAL POVERTY LINE. 4612700 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 16 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 IN X DAVID STEWART 6154697015 PO BOX 2572 BRENTWOOD TN 37024 MICHAEL ROSEN CHAIRMAN 0.50 1.00 X X 0 15000 0 FRED BROWN SECRETARY 0.50 1.00 X X 0 12500 0 PAUL SANDERS DIRECTOR 0.50 1.00 X 0 12500 0 SHERRY WHEATON DIRECTOR 0.50 1.00 X 0 12500 0 FELIX FRARACCIO DIRECTOR 0.50 1.00 X 0 12500 0 DAVID STEWART CEO 5.00 41.00 X 0 183303 26125 0 248303 26125 0 0 1 0 FROST BROWN TODD LLC ATTORNEY PO BOX 70087 LOUISVILLE KY 402700087 ATTORNEY FEES 686908 REHAB CARE INC PO BOX 503534 ST LOUIS MO 631503534 THERAPY SERVICES 217537 GREYSTONE INC 225 E JOHN CARPENTER FWY SUITE 700 IRVING TX 75062 MANAGEMENT SERVICES 134468 NORTH SHORES CONSULTING LLC 1570 ELMWOOD AVE 1403 EVANSTON IL 60201 CONSULTING SERVICES 106542 4 240 240 HOUSING RENTAL 623000 3051568 3051568 HEALTH CARE CENTER 623000 1689231 1689231 ANCILLARY SERVICES REV 623000 808442 808442 ENTRANCE FEES 623000 317761 317761 5867002 4705 4705 333 0 333 333 333 3289 1742 1547 1547 OTHER REVENUE 900099 29825 29825 MEAL REVENUE 900099 22947 22947 CABLE REVENUE 900099 7669 7669 8742 8742 69183 5943010 5867002 0 75768 X 162823 162823 656880 5200 651680 43861 43861 3196581 2277258 919323 55315 55315 181751 123932 57819 3488 3488 299263 299263 37150 23602 13548 533323 530814 2509 517077 517077 69783 69783 RAW FOODS COST 282946 282946 REORGANIZATION EXPENSES 252609 252609 THERAPY EXPENSES 232327 232327 OTHER EXPENSES 179119 42635 136484 239675 207863 31812 6943971 4612700 2331271 0 362218 152309 199918 267004 341937 289893 15807 12918 44874 166525 17155633 5657713 11845672 11497920 454163 459174 458939 417098 373 22 13723901 13262863 899994 1881870 14000000 14000000 46391 36928 8559455 8076879 23505840 23995677 X -9781939 -10732814 -9781939 -10732814 13723901 13262863 X -1000961 86 50000 X 0 0 0 X 57044 56556 92974 205565 240 412379 5314993 5432186 5645603 6095124 5867002 28354908 5372037 5488742 5738577 6300689 5867242 28767287 0 0 0 28767287 33945 37185 34859 12910 4705 123604 33945 37185 34859 12910 4705 123604 25 18429 64818 47732 72472 203476 5406007 5544356 5838254 6361331 5944419 29094367 0.98880 0.98930 0.00420 0.00600 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME MEAL REVENUE CABLE REVENUE BARBER SHOP REVENUE RECEIPTS FROM SALE OF INVENTORY SPECIAL EVENTS 30780 30780 15941840 4667779 11274061 28362 504 27858 1135027 989430 145597 19624 19624 11497920 RESIDENT DEPOSITS, NONREFUNDABLE 879739 RESIDENT DEPOSITS, REFUNDABLE 1628193 DUE TO FOUNDATION 5568947 8076879 0 0 0 0 0 0 0 0 0 DAVID STEWART CEO 0 183303 0 0 0 0 0 4850 0 21275 0 209428 0 0 SCHEDULE J, PART 1, LINE 3 DAVID STEWART IS A VOLUNTEER TO RIVER TERRACE ESTATES, INC. AND IS NOT PAID BY RIVER TERRACE ESTATES, INC. HE IS EMPLOYED AND PAID BY THE FOUNDATION FOR HEALTH CARE CONTINUUMS. THE FOUNDATION FOR HEALTH CARE CONTINUUMS USES THE FOLLOWING WHEN DETERMINING COMPENSATION FOR OFFICERS AND EMPLOYEES: (1) COMPENSATION COMMITTEE (2) COMPENSATION SURVEY OR STUDY AND (3) APPROVAL BY BOARD OF DIRECTORS OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION'S CEO SURPERVISES THE MANAGER'S AND EXECUTIVE DIRECTOR'S PERFORMANCE AND IS COMPENSATED BY A RELATED ORGANIZATION, THE FOUNDATION FOR HEALTH CARE CONTINUUMS. THE EXECUTIVE DIRECTOR REPORTS TO THE CEO AND IS AN EMPLOYEE OF THE ORGANIZATION. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR LEADING THE DAY-TO-DAY OPERATIONS. THE ORGANIZATION DELEGATES TYPICAL PROPERTY MANAGEMENT FUNCTIONS TO AN INDEPENDENT THIRD PARTY MANAGER, GREYSTONE MANAGEMENT SERVICES CO, LLC UNDER TERMS DESCRIBED IN THE MANAGEMENT AGREEMENT. THE MANAGEMENT AGREEMENT COMMENCED IN AUGUST 2002 AND HAS A TERM OF SIX YEARS WITH AN AUTOMATIC TWO-YEAR RENEWAL AFTER THE INITIAL TERM AND ANNUAL RENEWALS THEREAFTER, UNLESS EITHER PARTY TERMINATES WITHIN 60 DAYS OF EACH REVEWAL DATE. ALL OTHER SERVICES ARE PROVIDED BY EMPLOYEES OF MERIT RESOURCES, A PROFESSIONAL EMPLOYMENT AGENCY THAT IS UNRELATED TO THE FILING ORGANIZATION. RIVER TERRACE ESTATES REIMBURSES MERIT RESOURCES FOR SALARY RELATED EMPLOYMENT COSTS. THE MANAGEMENT AGREEMENT WAS TERMINATED AS OF DECEMBER 31, 2014. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE RETURN WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS REVIEWED BY THE ORGANIZATION'S CEO. SUBSEQUENT TO THIS REVIEW, THE COMPLETED AND FINAL FORM 990 IS PRESENTED TO THE FULL BOARD FOR REVIEW AND IS SUBSEQUENTLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES EACH DIRECTOR AND OFFICER TO SIGN A WRITTEN STATEMENT AND DISCLOSE ANY CONFLICT OF INTEREST. A COMPONENT OF THE POLICY REQUIRES THAT ANY DIRECTOR OR OFFICER WITH A CONFLICT IS PROHIBITED FROM VOTING ON ANY MATTER IN WHICH THERE IS A CONFLICT. THE CEO OF THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON A REGULAR BASIS AND THE BOARD OF DIRECTORS MONITORS THE CEO. FORM 990, PART VI, SECTION C, LINE 19 VARIOUS PUBLIC AND PRIVATE ENTITIES MAY REQUIRE THE FILING OF SUCH DOCUMENTS AS PART OF A REGULATORY OR CONTRACTUAL COMMITMENT, AND AS A RESULT OF SUCH OBLIGATIONS, CERTAIN MATERIALS MAY, IN FACT, BE AVAILABLE TO THE PUBLIC. FINANCIAL INFORMATION AS WELL AS DETAILED INFORMATION ABOUT THE ORGANIZATION IS MADE AVAILABLE TO RESIDENTS OF THE INDEPENDENT LIVING SECTION BY WAY OF A CONTINUING DISCLOSURE DOCUMENT. OUTSIDE SUCH DISCLOSURES, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT ROUTINELY MADE AVAILABLE BY THE ORGANIZATION TO THE PUBLIC. NOTABLY, FINANCIAL STATEMENTS, GOVERING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED TO BE DISCLOSED TO THE PUBLIC PURSUANT TO IRC SECTION 6104. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 149,484. MANAGEMENT AND GENERAL EXPENSES 8,202. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 157,686. OTHER SALARIES: PROGRAM SERVICE EXPENSES 2,106,665. MANAGEMENT AND GENERAL EXPENSES 572,648. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,679,313. OTHER BENEFITS: PROGRAM SERVICE EXPENSES 21,109. MANAGEMENT AND GENERAL EXPENSES 231,931. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 253,040. CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 106,542. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 106,542. FORM 990, PART XI, LINE 9: TRANSFER FROM FOUNDATION 50,000. RIVER TERRACE ESTATES FOUNDATION PO BOX 2572 BRENTWOOD IN 37024 300000887 SUPPORT ORGANIZATION IN 501(C)(3) LINE 11A, I RIVER TERRACE ESTATES INC 1 ALZHEIMER'S DISEASE FOUNDATION PO BOX 2572 BRENTWOOD TN 37024 363336574 RESEARCH IN 501(C)(3) LINE 11A, I RIVER TERRACE ESTATES INC 1 FOUNDATION FOR HEALTH CARE CONTINUUMS 2517 MYERS PARK CT BRENTWOOD TN 37027 621611446 HEALTH CARE/ SENIOR LIVING TN 501(C)(3) LINE 9 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 FOUNDATION FOR HEALTH CARE CONTINUUMS O 209428 CEO SALARY AND BENEFITS