2015-11-03T08:57:28-06:00 2014-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2014-01-01 530128590 INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY INC INGL 2023638310 3050 MILITARY ROAD WASHINGTON DC 20015 JIM HAEGER CONTROLLER 2023638310 2015-10-29 1 JULIUS GREEN CPA JD P00350393 2159720701 2014 2016-02-25 16:41:14Z INGLESIDE AT ROCK CREEK LYNN O'CONNOR 3050 MILITARY ROAD WASHINGTON DC 20015 22495277 0 X WWW.IRCDC.ORG X 1906 DC PROVIDE QUALITY CONTINUING CARE SERVICES TO OLDER ADULTS IN A PRESBYTERIAN-AFFILIATED ORGANIZATION. 14 14 291 145 0 0 287958 338424 18624305 19108881 213908 -83289 543063 443248 19669234 19807264 0 14897 0 0 9075964 9263252 0 0 0 11141432 11381329 20217396 20659478 -548162 -852214 68797897 72044368 77420353 81317557 -8622456 -9273189 X WESTMINSTER INGLESIDE WILL EXCEL IN PROVIDING DISTINCTIVE AND SUSTAINABLE RESIDENTIAL SETTINGS WHERE ACTIVE SENIORS LIVE IN VIBRANT, CARING, AND SPIRITUALLY RICH COMMUNITIES, AND WHERE THEY CAN RELY ON CONTINUING WELLNESS AND HEALTHCARE SERVICES FOR THEMSELVES AND THEIR NEIGHBORS. 0 0 18628490 14897 19108881 THE INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY, INC., (IRC) THROUGH ITS GOVERNANCE, MANAGEMENT AND RESIDENTS, IS A LICENSED CONTINUING CARE RETIREMENT COMMUNITY (CCRC). INGLESIDE AT ROCK CREEK HAS A DEEP UNDERSTANDING OF THE CHANGING NEEDS THAT SOMETIMES ACCOMPANY RESIDENTS AS THEY AGE. AS A CCRC, WE OFFER INDEPENDENT, ASSISTED, AND NURSING HOME CARE TO MEET ALL OF OUR RESIDENTS' NEEDS.LOCATED IN WASHINGTON DC, THE COMMUNITY CONSISTS OF 127 INDEPENDENT LIVING APARTMENTS, 41 ASSISTED LIVING APARTMENTS, AND 60 NURSING HOME BEDS. WITH THE SUPPORT OF THE INGLESIDE RESIDENT SUPPORTING FUND, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE AS A RESULT OF OUTLIVING HIS OR HER RESOURCES. IN 2014, FIVE RESIDENTS WERE SUPPORTED WITH THE RESIDENT SUPPORTING FUND. IN AN EFFORT TO ENSURE THE GREATEST MOBILITY FOR ALL FACILITY RESIDENTS, A WHEELCHAIR ACCESSIBLE BUS AND VAN ARE PROVIDED TO ENABLE ALL RESIDENTS TO GO ON OUTINGS. IMPORTANT TO THE SPIRITUAL CARE OF OUR RESIDENTS, IRC OFFERS BEREAVEMENT AND SUPPORT COUNSELING FOR FAMILIES AND REFERRAL SERVICES. IRC WORKS DAILY TO OBTAIN THE HIGHEST DEGREE OF RESIDENT SATISFACTION.OUR CCRC PROMOTES THE INDIVIDUALITY OF OUR RESIDENTS. WE STRIVE TO FACILITATE AN ENVIRONMENT OF OPEN COMMUNICATION, ENCOURAGING RESIDENT PARTICIPATION IN ACTIVITIES AND PROVIDING US WITH INPUT IN THE DAILY OPERATIONS OF IRC. THE FUNCTION, MAINTENANCE AND APPEARANCE OF OUR FACILITIES ARE OF THE HIGHEST IMPORTANCE. MANAGEMENT ALONE CANNOT PROVIDE THE LEVELS OF CARE WE DEMAND. VOLUNTEERS ARE ESSENTIAL TO FULFILLING OUR MISSION. WE ARE GOVERNED BY A VOLUNTEER, COMMUNITY-BASED BOARD OF DIRECTORS. RESIDENTS FROM ALL OVER THE COMMUNITY VOLUNTEER THEIR SERVICES TO ASSIST OTHER RESIDENTS AND TO PROVIDE THE SPECIAL ONE-ON-ONE FRIENDSHIP THAT STAFF CANNOT. RESIDENTS, FAMILY MEMBERS, AND OUTSIDE VOLUNTEERS PROVIDE COUNTLESS HOURS TO ASSIST WITH SPECIAL FUNCTIONS, SUCH AS THE ANNUAL SILVER TEA, THAT RAISES MONEY FOR OUR SUPPORTING FUNDS. OUTSIDE FAMILY AND FRIENDS OF THE COMMUNITY PROVIDE FELLOWSHIP. RECENTLY, WE HAVE BEGUN OPENING OUR DOORS TO SENIORS WHO LIVE IN THE NORTHWEST NEIGHBOR'S VILLAGE SURROUNDING OUR COMMUNITY. WE HAVE ENABLED THEM TO JOIN OUR RESIDENTS FOR EDUCATIONAL AND SOCIAL PROGRAMS AS WELL AS POT LUCK DINNERS TO PROVIDE FELLOWSHIP. OUR INTERESTS IN THE OUTSIDE COMMUNITY INCLUDE OTHER FRAIL SENIORS. EACH YEAR WE DONATE REPLACED CHINA TO A NOT-FOR-PROFIT CATHOLIC NURSING HOME IN WASHINGTON DC. OUR WOMEN'S BOARD, CONSISTING OF SOME 40 VOLUNTEERS FROM LOCAL PRESBYTERIAN CONGREGATIONS, CONTINUED ITS 108-YEAR TRADITION OF SERVICE TO IRC RESIDENTS. THE WOMEN'S BOARD DISTRIBUTES HOLIDAY GIFTS TO ALL ASSISTED LIVING AND SKILLED NURSING RESIDENTS AND PROVIDES THE EXECUTIVE DIRECTOR WITH FUNDS TO PURCHASE MORE SUBSTANTIAL GIFTS FOR RESIDENTS IN NEED (OFTEN THOSE WITHOUT FAMILY MEMBERS). THROUGHOUT THE YEAR, IT WILL ASSIST RESIDENTS WHO CANNOT AFFORD THEM WITH CLOTHING OR MEDICAL NECESSITIES SUCH AS DENTURES. IT PROVIDES REGULAR PARTIES TO BRIGHTEN THE DAYS OF THOSE WHO CANNOT GET OUTSIDE. IT RUNS A THRIFT STORE INSIDE THE COMMUNITY THAT IS OPEN THE PUBLIC. ALL PROCEEDS BENEFIT IRC RESIDENTS, PRIMARILY THOSE IN ASSISTED LIVING AND SKILLED NURSING. THE WOMEN'S BOARD HAS BEAUTIFIED THE ASSISTED LIVING AND NURSING HOME BY PROVIDING PAINTINGS - MUCH OF IT ORIGINAL ART - IN HALLWAYS AND RESIDENT ROOMS. VOLUNTEERS ALSO RUN A SUNDRY STORE FOR RESIDENTS TO PURCHASE ITEMS OR JUST VISIT WITH THE VOLUNTEERS. IN 2014, THE BOARD SPONSORED A HEALTH CARE ADMINISTRATOR-IN-TRAINING FROM GEORGE WASHINGTON UNIVERSITY.THROUGH THE GENEROUS DONATIONS OF A FOUNDATION AND SOME PRIVATE DONORS WE WERE ABLE TO REPLACE OUTDATED, UNCOMFORTABLE PEWS FROM OUR CHAPEL WITH CHAIRS MORE APPROPRIATE FOR SENIORS. TWO TO THREE CHAPLAINS IN TRAINING DO THEIR INTERNSHIPS HERE EVERY YEAR. THIS TRAINING WILL ENABLE THEM TO BECOME MINISTERS IN THE OUTSIDE COMMUNITY. OUR CHAPLAIN IS ON THE BIOMEDICAL ETHICS COMMITTEE AT GEORGE WASHINGTON AND CHILDREN'S HOSPITALS. IN 2014, APPROXIMATELY 8,500 HOURS OF VOLUNTEER SERVICE WERE PROVIDED BY RESIDENTS AND FRIENDS OF IRC.THE GOOD WORKS OF IRC EXTEND BEYOND OUR WALLS AS WELL. A SAMPLE OF THE MANY COMMUNITY BENEFITS PROVIDED BY IRC INCLUDES VARIOUS COMMUNITY-BASED SUPPORT SYSTEMS. THE LOCAL CHAPTER OF ALCOHOLICS ANONYMOUS MEETS IN OUR CONFERENCE ROOM FREE OF CHARGE AND IS OPEN TO OUR RESIDENTS AND THEIR FAMILY MEMBERS AS WELL. ALSO OUR NEIGHBOR, TEMPLE SINAI, HOLDS THEIR ADULT HEBREW AND CONFIRMATION CLASSES HERE THROUGHOUT THE YEAR FREE OF CHARGE. IRC REGULARLY DONATES TO THE LOADING DOCK, PROVIDING THEM WITH USABLE CABINETS AND APPLIANCES WHEN APARTMENTS ARE RENOVATED.THE CORPORATION EXTENDS CHARITY CARE AND OTHER SUPPORT TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS BENEVOLENT CARE POLICY AND ARE UNABLE TO PAY FOR SERVICES, AT ALL LEVELS OF CARE AS NEEDED AND WHEN APPROPRIATE WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. 18628490 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 54 0 1 291 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X JIM HAEGER CONTROLLER 2025963132 5121 BROAD BRANCH RD NW WASHINGTON DC 20008 DALE CLARK DIRECTOR 1.00 7.00 X 0 0 0 MORGAN DOOLITTLE III CHAIRMAN 0.50 1.00 X X 0 0 0 JAN FELDMAN DIRECTOR 0.50 1.00 X 0 0 0 JERRY HOPKINS DIRECTOR 1.00 1.00 X 0 0 0 EDWARD KELLEY DIRECTOR 1.00 2.00 X 0 0 0 KARL MATTISON DIRECTOR 1.00 5.00 X 0 0 0 ROBERT FRI BOARD CHAIR (RESIGNED OCTOBER 2014) 5.00 10.00 X X 0 0 0 CHARLES PETTY SECRETARY (RESIGNED MARCH 31, 2014) 0.50 1.00 X X 0 0 0 SHELLEY JENNINGS DIRECTOR 1.00 2.00 X 0 0 0 WILLIAM LEAHY DIRECTOR 0.50 1.00 X 0 0 0 RICHARD RIEGEL VICE CHAIRMAN 1.00 3.00 X X 0 0 0 JANE ANGUS DIRECTOR 3.00 0.00 X 0 0 0 ROBYN STONE DIRECTOR 0.50 1.00 X 0 0 0 BETH DAVIDSON SECRETARY 1.00 2.00 X X 0 0 0 PETE WILLSON DIRECTOR 1.00 2.00 X 0 0 0 RUDY COHEN DIRECTOR 1.00 2.00 X 0 0 0 LYNN O'CONNOR PRESIDENT/CEO 12.00 28.00 X 346822 0 28051 YORAM TANAY CFO 12.00 28.00 X 307317 0 34245 DUSANKA DELOVSKA-TRAKOVA CIO 13.30 26.60 X 0 128309 6059 ROBERT LANCELOTTA EXEC. DIR./WEST. ING. FOUND. 0.00 40.00 X 98019 0 7887 ANN SCHIFF EXECUTIVE DIRECTOR 40.00 0.00 X 175984 0 28502 MONIQUE ELIEZER VP SALES MKTG & STRATEGY 13.30 26.60 X 326187 0 33266 BRIAN AMTMANN CONTROLLER 12.00 28.00 X 133927 0 31317 MEGAN BAKER DIRECTOR OF A/R AND BILLING 15.00 30.00 X 124862 0 18439 KRISTIN SHANKS DIRECTOR OF MARKETING 40.00 0.00 X 121929 0 10800 1635047 128309 198566 7 0 1 0 FLAGSHIP REHABILITATION 157 BALTIMORE ST CUMBERLAND MD 21502 THERAPY PROVIDER 1026882 AMSTERDAM MANAGEMENT SERVICES 16021 PHILMONT LANE BOWIE MD 20716 BUILDING MANAGEMENT SERVICES 242972 GREENBIER DEVELOPMENT LLC 3232 MCKINNEY AVE SUITE 1160 DALLAS TX 75204 DEVELOPMENT MANAGEMENT 196349 US SECURITY ASSOCIATES 200 MANSELL COURT 5TH FL ROSWELL GA 30076 SECURITY SERVICES 144393 PEREZ LANDSCAPING & STONEWORKS LLC 21100 GISHEN ROAD GAITHERSBURG MD 20882 LANDSCAPING CONTRACT 129351 5 312908 25516 338424 RESIDENT REVENUE 623000 19108881 19108881 19108881 218386 218386 130486 44622 85864 85864 85864 2341716 2365215 278176 -23499 -278176 -301675 -301675 GUEST ROOM/GUEST MEALS 623000 114502 114502 BEAUTY/BARBER SHOP INCOME 623000 103356 103356 CAFE/DELI INCOME 623000 63264 63264 76262 76262 357384 19807264 19108881 0 359959 14897 14897 1386279 1264904 121375 6412351 5976577 435774 85414 85414 726016 714854 11162 653192 607310 45882 760089 760089 58466 58466 67228 67228 150 150 54526 54526 1611557 1450295 161262 224939 224939 457111 374657 82454 113182 10541 102641 2388663 2388663 40371 37223 3148 4027 3775 252 10684 10521 163 2424362 2424362 113012 113012 THERAPY EXPENSES 1053035 1053035 DIETARY EXPENSE 974042 974042 MEDICAL SUPPLIES 489863 489863 STATE NH ASSESSMENT TAX 335312 335312 200710 187306 13404 20659478 18628490 2030988 0 3381 3881 5970728 4729082 583597 83775 3273459 3863654 141573 168872 72302322 23632623 48696049 48669699 6905057 11103764 266342 375335 2957711 3046306 68797897 72044368 1238918 1395136 19230042 18061032 19121323 19224612 208067 37830070 42428710 77420353 81317557 X -12237421 -12499393 2398460 1958646 1216505 1267558 -8622456 -9273189 68797897 72044368 X -852214 82256 119225 X 0 1 X 1 0 X 1171944 140367 527435 287958 338424 2466128 15907305 16095248 16638139 18624305 19108881 86373878 316709 337895 324600 472917 1452121 17079249 16552324 17503469 19236863 19920222 90292127 0 0 0 90292127 51493 213133 216030 474716 348872 1304244 51493 213133 216030 474716 348872 1304244 28487 13370 22181 64038 17130742 16793944 17719499 19724949 20291275 91660409 0.98510 0.98720 0.01420 0.01230 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 28,487. 2013 AMOUNT: $ 13,370. 2014 AMOUNT: $ 22,181. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 150 150 0 PART II-B, LINE 1: THE FILING ORGANIZATION IS A MEMBER OF VARIOUS ORGANIZATIONS THAT SUPPORT SENIOR LIVING COMMUNITIES. A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS IS ALLOCATED TO LOBBYING EXPENSES. 1 27839 397074 386324 38589 0 1450599 59217 1509816 1356534 94065 1450599 1488986 -231066 98614 1356534 964405 524581 1488986 878927 85478 964405 0.00000 0.68000 0.32000 0 0 3241670 3241670 63582019 21747644 41834375 3668593 1884979 1783614 1810040 1810040 48669699 SECURITY DEPOSITS - RENTALS 1400 PRIORITY DEPOSITS 672683 REFUNDABLE ENTRANCE FEES 41539712 DUE TO AFFLIATES 214915 42428710 X 20266080 82256 108288 190544 20075536 54526 -322798 -268272 19807264 20916813 322798 322798 20594015 54526 10937 65463 20659478 PART IV, LINE 1B: THE ORGANIZATION USES THE SERVICES PROVIDED BY THE COMPANY NATIONAL DATACARE. RESIDENTS SIGN UP FOR THE SERVICE, THROUGH WHICH THE RESIDENT'S INCOME IS AUTOMATICALLY DEPOSITED TO A DESIGNATED ACCOUNT. THE ORGANIZATION THEN PAYS BILLS FOR THE RESIDENT FROM THE DEPOSITED FUNDS. ANY BALANCE IS AVAILABLE TO THE RESIDENT TO ACCESS IN WHICH CASE THE ORGANIZATION WILL PROVIDE THE FUNDS TO THE RESIDENT. PART V, LINE 4: THE ENDOWMENT FUND BENEFITS RESIDENTS IN NEED AT INGLESIDE AT ROCK CREEK. PART X, LINE 2: THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN EITHER 2014 OR 2013. THE CORPORATION'S FEDERAL RETURNS OF CORPORATION EXEMPT FROM INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2013, 2012, AND 2011 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 59,217. INCREASE IN NET ASSETS OF THE FOUNDATION 60,008. EXPENSES NETTED WITH REVENUE IN FINANCIALS -10,937. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -278,176. RENTAL EXPENSES -44,622. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 44,622. LOSS ON DISPOSAL OF ASSETS 278,176. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE IN FINANCIALS 10,937. 1 WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION 5121 BROAD BRANCH RD NW WASHINGTON DC 20008 541949766 501(C)(3) 14897 GENERAL OPERATING SUPPORT 1 PART I, LINE 2: THE ASSISTANCE IS IN THE FORM OF REIMBURSED EXPENSES FOR A RELATED ENTITY. ALL ACCOUNTING FUNCTIONS ARE PERFORMED ON A CONSOLIDATED BASIS AND NO FURTHER MONITORING IS NECESSARY. X X X X 0 1 0 0 0 0 0 1 0 LYNN O'CONNOR PRESIDENT/CEO 296722 0 50100 0 0 0 24940 0 3111 0 374873 0 0 0 YORAM TANAY CFO 256317 0 51000 0 0 0 18392 0 15853 0 341562 0 0 0 ANN SCHIFF EXECUTIVE DIRECTOR 175984 0 0 0 0 0 5414 0 23088 0 204486 0 0 0 MONIQUE ELIEZER VP SALES MKTG & STRATEGY 326187 0 0 0 0 0 10123 0 23143 0 359453 0 0 0 BRIAN AMTMANN CONTROLLER 121226 0 12701 0 0 0 4271 0 27046 0 165244 0 0 0 PART I, LINE 4B LYNN O'CONNOR PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR WHICH $14,813 WAS CONTRIBUTED IN 2014. YORAM TANAY ALSO PARTICIPATED IN THE SAME PLAN, WITH $13,037 CONTRIBUTED TO THE PLAN. PART I, LINE 7 EXECUTIVES LYNN O'CONNOR, THE PRESIDENT AND CEO, AND YORAM TANAY, THE CFO, RECEIVED BONUSES AT THE DISCRETION OF THE BOARD OF DIRECTORS. THE BONUSES WERE BASED ON SET GOALS SUCH AS THE COMMUNITIES ACHIEVING THEIR BOND COVENANTS. BRIAN AMTMANN, THE CONTROLLER, ALSO RECEIVED A BONUS BASED UPON A SIMILAR SET OF GOALS DURING THE YEAR. A DISTRICT OF COLUMBIA 536001131 2014-04-24 26254000 REFUNDING ISSUE AND CAPITAL IMPROVEMENTS 0 0 0 A 7029388 26254000 344198 11168093 7658784 2015 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD DELEGATES AUTHORITY TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR, VICE CHAIR, CHAIR EMERITUS, PRESIDENT/CEO, SECRETARY AND TREASURER. ALL ARE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 6 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. (45-3825159) IS THE SOLE MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF THE PARENT, WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. (45-3825159), HOLDS THE POWER TO ELECT, APPOINT, AND REMOVE MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS. THE RESIDENTS OF THE COMMUNITY MAY ELECT ONE RESIDENT REPRESENTATIVE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES, INC. THE PARENT ORGANIZATION, HAS THE POWER TO ACT ON BEHALF OF THE ORGANIZATION AS WELL AS HAVING THE POWER TO DEFINE THE MISSION, POLICIES, AND RETAINING, EVALUATING, AND SETTING COMPENSATION FOR THE PRESIDENT/CEO. IT ALSO HAS THE RIGHT TO DELEGATE ANY OF ITS POWERS TO THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE INITIAL REVIEW IS PERFORMED BY THE PRESIDENT, CHIEF FINANCIAL OFFICER, AND CONTROLLER. ONCE THE MANAGEMENT TEAM APPROVES THE DRAFT, ALL BOARD MEMBERS RECEIVE A COPY OF THE RETURN FOR REVIEW. BOARD MEMBERS MAY DISCUSS CORRECTIONS, REVISIONS, AND QUESTIONS WITH MANAGEMENT. SUBSEQUENT TO BOARD REVIEW THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY STATES THAT DIRECTORS, OFFICERS, AND ALL EMPLOYEES ANNUALLY, OR AT ANY TIME THAT A SITUATION ARISES, DECLARE CONFLICTS OF INTEREST. NOT ONLY ACTUAL CONFLICTS BUT TRANSACTIONS FROM WHICH A CONFLICT MAY APPEAR TO EXIST ARE TO BE DISCLOSED TO THE BOARD CHAIR OR THE FOUNDATION DIRECTOR. THE BOARD CHAIRMAN, DIRECTOR, AND PRESIDENT/CEO OF THE ORGANIZATION MONITOR CONFLICT DISCLOSURES. ANY DIRECTOR OR OFFICER FOR WHICH A CONFLICT MAY BE INVOLVED IS EXPECTED TO REMAIN REMOVED FROM ANY DISCUSSIONS OR DECISION-MAKING RELATED TO THE CONFLICT. BUSINESS AND FAMILY RELATIONSHIPS ARE SPECIFICALLY MENTIONED IN THE CONFLICT OF INTEREST STATEMENT AS PART OF THE DUE DILIGENCE THE ORGANIZATION FOLLOWS TO ENSURE CONFLICTS ARE HANDLED IN AN ETHICAL MANNER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD EXECUTIVE COMMITTEE SERVING AS THE COMPENSATION COMMITTEE FOLLOWS COMPENSATION BEST PRACTICE PROCESSES TO EVALUATE AND COMPENSATE THE PRESIDENT/CEO. THE PROCESSES INCLUDE THE FOLLOWING: THE BOARD EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND USES TWO SALARY SURVEYS TO ESTABLISH COMPENSATION WITHIN FAIR VALUE RANGE. ONE SURVEY PROVIDES INFORMATION ON AN INDUSTRY-WIDE BASIS AND THE OTHER PROVIDES COMPARABLES FOR THE DC METROPOLITAN AREA. THE BOARD ALSO USED AN INDEPENDENT COMPENSATION CONSULTANT, RODEGHERO CONSULTING GROUP, TO ASSIST IN THE COMPENSATION ANALYSIS AND DETERMINATION. THESE METHODS PROVIDE ADDITIONAL BENCHMARKING INFORMATION TO ESTABLISH THE COMPENSATION PACKAGE FOR THE PRESIDENT/CEO. THE BOARD EXECUTIVE COMMITTEE, OPERATING AS THE COMPENSATION COMMITTEE, APPROVES THE PRESIDENT/CEO'S COMPENSATION, WHICH THEN GOES TO THE BOARD OF DIRECTORS FOR APPROVAL. ALL DISCUSSIONS ON COMPENSATION ARE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE SESSION. SIMILAR PROCEDURES ARE ESTABLISHED FOR OTHER KEY EMPLOYEES AS WELL. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATIONS' GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE KEPT IN THE LIBRARIES AT EACH COMMUNITY. THEY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN NET ASSETS OF FOUNDATION 60,008. INCREASE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 59,217. WESTMINSTER INGLESIDE PRESBYTERIAN FOUNDATION 5121 BROAD BRANCH RD WASHINGTON DC 20008 541949766 SUPPORTING ORGANIZATION DC 501(C)(3) LINE 11A, I WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER PRESBYTERIAN RETIREMENT COMMUNITY 12191 CLIPPER DRIVE NO 101 LAKE RIDGE VA 22192 521654803 RESIDENTIAL HEALTH CARE VA 501(C)(3) LINE 9 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 KING FARM PRESBYTERIAN RETIREMENT COMMUNITY 701 KING FARM BLVD ROCKVILLE MD 20850 202004162 RESIDENTIAL HEALTH CARE MD 501(C)(3) LINE 9 WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC 0 WESTMINSTER INGLESIDE KING FARM RETIREMENT COMMUNITIES INC 5121 BROAD BRANCH RD WASHINGTON DC 20008 453825159 SUPPORTING ORGANIZATION DC 501(C)(3) LINE 11B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0