2015-04-02T08:01:39-05:00 2014-06-30 381357951 PLANTE & MORAN PLLC PO BOX 307 SOUTHFIELD MI 480370307 990 2013-07-01 350870110 HAVEN HUBBARD HOMES INC HAVE 5746542200 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 DALE SHENK TREASURER 5745374000 2015-02-25 1 DAVID LOWENTHAL P00378651 2483522500 2013 2016-02-25 16:41:14Z HAMILTON GROVE DAVID THOMPSON 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 10144616 0 X WWW.HAMILTONCOMM.ORG X 1920 IN HAMILTON GROVE PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING WITH SUPPORTIVE SERVICES, ASSISTED LIVING, AND SKILLED NURSING CARE. CHARITY CARE FOR FYE JUNE 30,2014 AMOUNTED TO $1,721,275. 9 9 224 14 3525 -866 50 741777 8605144 9073969 32167 46597 333472 258937 8970833 10121280 12000 10000 0 0 4639510 4656233 0 0 0 4461197 5086473 9112707 9752706 -141874 368574 16785062 14929607 16651225 15566756 133837 -637149 X THE MISSION OF HAVEN HUBBARD HOMES, INC D/B/A HAMILTON GROVE IS TO PROVIDE ACTIVE, AFFORDABLE RETIREMENT LIVING IN HOMES WITH SUPPORTIVE SERVICES, ASSISTED LIVING, AND SKILLED NURSING CARE. EACH YEAR THE ORGANIZATION STRIVES TO BE A GOOD NEIGHBOR IN THE COMMUNITY 0 0 8504912 10000 9075679 HAVEN HUBBARD HOMES, INC D/B/A HAMILTON GROVE (HG) IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO 170 RESIDENTS ON A 250-ACRE CAMPUS. HG IS AFFILIATED WITH A HUD HOUSING ORGANIZATION ON ITS CAMPUS THAT IS INTEGRATED INTO HG'S SERVICES. THIS ORGANIZATION SERVES OVER 100 RESIDENTS. HG PROVIDES CCRC SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING CARE. THE ORGANIZATION ALSO PROVIDES MANAGEMENT SERVICES TO CHICAGO TRAIL VILLAGE, A RELATED TAX-EXEMPT ORGANIZATION THAT PROVIDES AFFORDABLE HUD HOUSING, PROGRAMS, AND SERVICES FOR OLDER ADULTS. INDEPENDENT LIVING RESIDENTS PAY A LIFE-LEASE ENTRY FEE TO OCCUPY THE RESIDENCE AND PAY A MONTHLY SERVICE FEE FOR SERVICES RENDERED. ASSISTED LIVING AND SKILLED NURSING RESIDENTS PAY A MONTHLY OR DAILY FEE FOR SERVICES RENDERED. ADDITIONALLY, THEY HAVE SOME A LA CARTE FEES FOR INCIDENTALS AND SUPPLIES. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM HG IF THEIR ASSETS RUN OUT. OVER 30% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNTS; INDIGENT CARE/CHARITY CARE $1,721,275, MEDICARE WRITE-OFFS $1,277,422. 8504912 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 24 0 1 224 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X DALE SHENK 5745374000 1721 GREENCROFT BLVD GOSHEN IN 46526 CAROLYN HIGGINS CHAIR 1.00 1.00 X X 0 0 0 DENNIS GALLOWAY VICE CHAIR 1.00 1.00 X X 0 0 0 CONNIE CALDWELL BOARD MEMBER 1.00 1.00 X 0 0 0 SHERMAN W HANSEN BOARD MEMBER 1.00 1.00 X 0 0 0 EVELYN KIRKWOOD BOARD MEMBER 1.00 1.00 X 0 0 0 EVAN LASH BOARD MEMBER 1.00 1.00 X 0 0 0 VICKIE VAN NEVEL BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID VANDERWIER BOARD MEMBER 1.00 1.00 X 0 0 0 WILLIAM WELSHEIMER JR BOARD MEMBER 1.00 2.00 X 0 0 0 DAVID THOMPSON PRESIDENT 40.00 3.00 X 0 104924 20974 DALE SHENK TREASURER 1.00 43.00 X 0 116820 25421 LIZ WEST SECRETARY 36.00 4.00 X 32914 0 19200 32914 221744 65595 0 0 0 0 HEALTHCARE THERAPY SERVICES 1411 W COUNTY LINE RD SUITE A GREENWOOD IN 46142 HEALTHCARE SERVICES 487879 GREENCROFT RETIREMENT COMMUNITIES INC PO BOX 819 GOSHEN IN 46527 MANAGEMENT AND CORPORATE SERVICES 303148 ADVANCE CUSTODIAL SERVICES 351 SOUTH 525 EAST LAPORTE IN 46350 CUSTODIAL SERVICES 224913 GRANDVIEW PHARMACY PO BOX 926 CONNERSVILLE IN 47331 HEALTHCARE SERVICES 201769 MEDLINE INDUSTRIES INC DEPT CH 14400 PALATINE IL 60055 MEDICAL SUPPLY PURCHASING 114241 5 740262 1515 598282 741777 NURSING SERVICES 623000 6324324 6324324 RESIDENT SERVICES 623000 2705261 2705261 MANAGEMENT FEES 541610 44384 44384 9073969 37030 37030 6406 1281 5125 5125 1600 3525 31522 100 22055 0 9467 100 9567 9567 TENANT CHARGES 480000 133851 133851 BEAUTY/BARBER SHOP 623990 45669 45669 CAFETERIA/MEALS 722210 31294 31294 42998 110 42888 253812 10121280 9075679 3525 300299 X 10000 10000 52406 52406 3712722 3442591 270131 131671 124214 7457 486202 464560 21642 273232 253352 19880 235000 235000 7530 2486 5044 30625 30625 22627 22627 1389760 1151123 238637 59488 59488 780675 747877 32798 671472 470030 201442 18200 5460 12740 754305 754305 615792 615792 46372 39416 6956 BAD DEBT EXPENSE 417215 417215 DUES, LICENSES, & SUBS. 17680 17680 PROF. DEVELOPMENT 8041 3216 4825 DIETARY EXPENSE 1170 1170 10521 2105 8416 9752706 8504912 1247794 0 650 650 1869061 352615 1429996 1395155 47590 53425 19922144 8183501 12208355 11738643 782744 637319 41404 43657 550687 562718 16785062 14929607 453537 558095 62300 89677 11985000 11957289 1995000 0 2155388 2961695 16651225 15566756 X -503482 -1373441 195240 331196 442079 405096 133837 -637149 16785062 14929607 X 368574 29313 -1168873 X X 0 1 X 1 0 X 39883 7067 2050 50 741777 790827 9024075 9254796 8509164 8611666 9075679 44475380 112742 118399 167508 236073 245590 880312 9176700 9380262 8678722 8847789 10063046 46146519 0 45732 120247 61641 227620 45732 120247 61641 227620 45918899 3092 4128 6293 33534 37030 84077 3092 4128 6293 33534 37030 84077 54257 59924 48487 86413 8112 257193 9234049 9444314 8733502 8967736 10108188 46487789 0.98780 0.98950 0.00180 0.00130 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93136 X X 0 706153 30139 736292 628003 78150 706153 625451 2552 628003 533465 91986 625451 488046 45519 533565 0.00000 0.55020 0.44980 0 1 1 47562 47562 16875596 5897089 10978507 672209 575126 97083 2259048 1711286 547762 67729 67729 11738643 RESIDENT SECURITY DEPOSITS 66348 LIFE LEASE NOTES PAYABLE 364421 DUE TO AFFILIATE - GOSHEN 2000000 DUE TO AFFILIATE - GRC 75903 DERIVATIVE LIABILITY - INTEREST RATE SWAP 251867 ACCRUED INTEREST PAYABLE 75716 ANNUITIES PAYABLE 127440 2961695 X PART III, LINE 1A: THE ORGANIZATION'S COLLECTIONS OF ART CONSIST PRIMARILY OF DONATED WORKS OF ART THAT ARE ON DISPLAY IN PUBLIC SPACES, AS WELL AS IN PATIENT ROOMS. THESE WORKS OF ART ARE USED TO PROVIDE A WELCOMING ENVIRONMENT FOR HAMILTON GROVE PATIENTS, WHICH IS IN LINE WITH THE ORGANIZATI0N'S MISSION TO PROVIDE ACTIVE, AFFORDABLE RETIREMENT LIVING. PART V, LINE 4: ENDOWMENT FUNDS ARE HELD BY HAMILTON FOUNDATION INC. FOR THE BENEFIT OF HAVEN HUBBARD HOMES, INC. HAMILTON FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PERPETUAL SOURCE OF SUPPORT TO PROGRAMS SUPPORTED BY ITS ENDOWMENTS WHILE SEEKING TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE PURPOSE OF THE ENDOWMENTS IS TO PROVIDE SUPPORT FOR THE CHARITABLE PROGRAMS OF HAVEN HUBBARD HOMES, INC. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RULED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS BEEN DETERMINED TO BE A PUBLICLY SUPPORTED ORGANIZATION AND NOT A PRIVATE FOUNDATION. ACCORDINGLY, THE ORGANIZATION'S NET INVESTMENT INCOME IS NOT SUBJECT TO EXCISE TAX AND GIFTS MADE TO THE ORGANIZATION ARE DEDUCTIBLE ON THE PART OF DONORS, SUBJECT TO SPECIFIED LIMITATIONS FOR CHARITABLE CONTRIBUTIONS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2011. 1 GREENCROFT COMMUNITIES FOUNDATION INC PO BOX 819 GOSHEN IN 46527 237126990 IRC SEC. 501(C)(3) 10000 N/A N/A TO PROMOTE CHARITABLE MISSION 1 PART I, LINE 2: CONTRIBUTIONS MADE ARE UNRESTRICED AND CAN BE USED IN ANY WAY THE DONEE ORGANIZATION SEES FIT TO FURTHER ITS TAX-EXEMPT PURPOSE. A INDIANA FINANCE AUTHORITY 351602316 2013-12-27 12270408 SEE PART VI 0 0 0 A 12270408 245408 12025000 1 0 1 1 A 0 0 1 1 0 0.00000 0.00050 0.00050 0 0 1 A 0 1 0 0 1 1 THE HUNTINGTON NATIONAL BANK 10.000000000000 0 0 0 0 0 A 0 SCHEDULE K, PART I: THE 2013B BONDS WERE ISSUED FOR THE BENEFIT OF GREENCROFT GOSHEN, INC., ("GOSHEN") AND HAVEN HUBBARD HOMES, INC. D/B/A HAMILTON GROVE ("HAMILTON"). 39.58% OF THE PROCEEDS OF THE 2013B BONDS IS ALLOCABLE TO HAMILTON AND THE AMOUNTS IN PARTS I & II REFLECT SUCH ALLOCATION. THE PORTION OF THE 2013B BONDS ALLOCABLE TO GOSHEN IS BEING REPORTED ON SCHEDULE K TO GOSHEN'S FORM 990. SCHEDULE K, PART I, LINE A: (F) DESCRIPTION OF PURPOSE: THE HAMILTON PORTION OF THE 2013B BONDS WAS USED TO REFUND THE INDIANA FINANCE AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS, SERIES 2008A (HAMILTON GROVE PROJECT) ISSUED ON APRIL 24, 2008. SCHEDULE K, PART III, LINE 3A: THE ORGANIZATION HAS ENTERED INTO CERTAIN MANAGEMENT CONTRACT(S) WHICH DO NOT CONSTITUTE PRIVATE BUSINESS USE. SCHEDULE K, PART IV, LINE 4B: NAME OF PROVIDER: THE HUNTINGTON NATIONAL BANK X NET ASSETS TR 1 598282 BOOK VALUE 0 0 0 PART I, COLUMN (B): THE NET ASSETS WERE TRANSFERRED FROM HAMILTON FOUNDATION, INC. (EIN 35-1764275), A RELATED SUPPORTING ORGANIZATION, TO HAVEN HUBBARD HOMES, INC. PRIOR TO HAMILTON FOUNDATION'S MERGER AND DISSOLUTION WITH GREENCROFT COMMUNITIES FOUNDATION, INC. (EIN 23-7126990), ALSO A RELATED ORGANIZATION. FORM 990, PART III, LINE 1: WHERE WE SERVE. WE HAVE A HISTORY OF ADDING VALUE TO OUR RESIDENTS, TO SENIORS LIVING OUTSIDE OF OUR COMMUNITY, AND TO THE BROADER COMMUNITY WE SERVE. WE STRIVE TO IMPROVE THE QUALITY OF CARE BY CELEBRATING THE LIVES OF THE SENIORS LIVING IN OUR COMMUNITY AND WORKING WITH THEM TO ENSURE THEY HAVE OPPORTUNITIES TO LIVE LIFE OUT TO THE FULLEST AND WORK TOGETHER TO ADDRESS THE CHALLENGES OF AGING. THE BOARD HAS BEEN INTENTIONAL ABOUT UNDERSTANDING COMMUNITY BENEFIT. THESE ARE AMONG THE COMPONENTS OF WHAT WE INCLUDE AS COMMUNITY BENEFIT: -FREE OF REDUCED COST SERVICES WHEN A RESIDENT IS NOT ABLE TO PAY FOR THE FULL COST OF SERVICES PROVIDED -INDIGENT CARE -SERVICES TO THE VERY POOR NOT REIMBURSED BY OTHER SOURCES -UNREIMBURSED SERVICES FROM THIRD PARTY PAYERS, SUCH AS MEDICARE AND MEDICAID FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS UNDER A MANAGEMENT/AFFILIATION CONTRACT WITH GREENCROFT RETIREMENT COMMUNITIES, INC. (GRC), A RELATED TAX-EXEMPT ORGANIZATION. ACCORDING TO THE AGREEMENT, GRC HAS THE SOLE AND EXCLUSIVE RIGHT TO SUPERVISE, MANAGE, AND OPERATE THE ORGANIZATION'S FACILITY ("THE FACILITY"). IN ADDITION, GRC HAS THE SOLE CONTROL AND DISCRETION WITH REGARD TO THE OPERATION AND MANAGEMENT OF THE FACILITY FOR ALL CUSTOMARY PURPOSES, AS WELL AS THE RIGHT TO DETERMINE ALL OPERATING POLICIES AFFECTING OR CONCERNING THE APPEARANCE AND MAINTENANCE STANDARDS OF OPERATION, AND ANY OTHER MATTER AFFECTING THE FACILITY OR THE OPERATION THEREOF. THE AGREEMENT TERMINATES IN JUNE 2015, AND IS RENEWABLE ANNUALLY FOR ADDITIONAL ONE YEAR PERIODS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, GREENCROFT RETIREMENT COMMUNITIES, INC. (GRC), WHO IS ALSO A RELATED TAX-EXEMPT ORGANIZATION. THE RESERVED POWERS OF THE SOLE MEMBER ARE AS FOLLOWS: 1. APPROVAL TO ANY CHANGES IN CORPORATE MISSION, WHICH MAY BE PROPOSED BY THE ORGANIZATION, BUT WHICH SHALL BECOME EFFECTIVE ONLY UPON APPROVAL OF GRC 2. APPROVAL OF NOMINATED CANDIDATES TO SERVE AS DIRECTOR OF THE ORGANIZATION 3. THE CREATION OR DISCONTINUATION OF PROGRAMS OR SERVICES OFFERED BY THE ORGANIZATION 4. AMENDMENTS TO THE BYLAWS AND ARTICLES OF INCORPORATION 5. APPROVAL OR THE ADOPTION OF THE ANNUAL BUDGET 6. APPROVAL OF NON-BUDGETED CONTRACTS AND/OR NON-BUDGETED PURCHASES OF OVER $50,000 7. THE INCURRENCE OF INDEBTEDNESS OF OVER $500,000 8. THE SALE OF REAL ESTATE 9. THE DONATION OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS 10. ANY MERGER OR CONSOLIDATION WITH ANY OTHER ORGANIZATION, OR THE PARTIAL OR TOTAL DISSOLUTION OF THE ORGANIZATION 11. THE CREATION OF SUBSIDIARY CORPORATIONS, LLCS, PARTNERSHIPS, OR OTHER ENTERPRISES 12. THE ACQUISITION OF CONTROLLING INTERESTS IN ANOTHER ENTITY 13. THE APPOINTMENT OF THE PRESIDENT/CEO, CFO, SECRETARY, AND TREASURER OF THE CORPORATION (BUT NOT THE OFFICERS OF THE BOARD OF DIRECTORS) 14. THE REMOVAL OF THE CHAIR OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE 15. THE REMOVAL OF MEMBERS OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE NOTWITHSTANDING THESE RESERVED POWERS, THE MEMBER HAS NO FINANCIAL OBLIGATIONS OR RESPONSIBILITIES FOR ANY ACTIONS OF THE ORGANIZATION BY REASON OF SERVING AS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION B, LINE 11 A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PRESENTED BY OUR TAX ADVISORS TO THE ORGANIZATION'S AUDIT COMMITTEE AT A REGULARLY SCHEDULED MEETING. A COPY OF THE FINAL DRAFT IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO ITS FILING. THIS ALLOWS THE BOARD OF DIRECTORS AND MANAGEMENT TO REVIEW AND PROVIDE COMMENTS AND EXPLANATIONS REGARDING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. THE TREASURER REVIEWS EACH POLICY STATEMENT SIGNED BY THESE INDIVIDUALS TO DETERMINE IF ANY CONFLICTS HAVE OCCURRED AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF A CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN HIM/HERSELF FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 HAMILTON GROVE, CHICAGO TRAIL VILLAGE AND HAMILTON FOUNDATION'S (HG) PHILOSOPHY IS TO COMPENSATE TEAM MEMBERS IN A FAIR MANNER FOR THE WORTH OF WORK PROVIDED WITHIN THE CURRENT MARKET VALUE RANGE FOR EACH POSITION IN THE ORGANIZATION. HG CONDUCTS PERIODIC REVIEW OF THE MARKET TO DEVELOP AVERAGE WAGES FOR POSITIONS WITHIN HAMILTON GROVE HAMILTON GROVE STARTS EMPLOYEES THAT MEET THE MINIMUM REQUIREMENTS FOR THE POSITION AT/OR NEAR THE STARTING WAGE. WE MAKE ADJUSTMENTS TO THE STARTING WAGE BASED ON YEARS OF EXPERIENCE IN THAT SPECIFIC POSITION. OUR COMPENSATION PHILOSOPHY FOR STAFF OF OUR ORGANIZATION IS BASED ON VARIOUS TIERS. THE FIRST TIER IS GENERAL STAFF. WE HAVE HIRED AN OUTSIDE CONSULTANT TO DEVELOP A COMPENSATION SYSTEM FOR ALL OF HAMILTON GROVE'S POSITIONS. THE CONSULTANTS DEVELOPED A SYSTEM WITH WAGE SCALES THAT USE THE MARKETPLACE AVERAGE FOR KEY POSITIONS AS THE STARTING POINT FOR THE SCALES. THE WAGES SCALES HAVE A MINIMUM, A 25TH PERCENTILE, A 50TH PERCENTILE (AVERAGE) A 75TH PERCENTILE AND A MAXIMUM. WE STRIVE TO KEEP OUR AVERAGE FOR POSITIONS AT THE MID-POINT OF A RANGE DEVELOPED BY OUR CONSULTANTS. PERIODICALLY WE HIRE A CONSULTANT TO UPDATE THE MARKETPLACE AVERAGE FOR SEVERAL KEY POSITIONS. THE CONSULTANT WILL USE AREA MARKETPLACE DATA, LEADINGAGE DATA, AND OTHER INDUSTRY DATA TO DEVELOP THE AVERAGE. OUR COMPENSATION PHILOSOPHY FOR MANAGEMENT AND EXECUTIVE STAFF (DIRECTORS AND VICE PRESIDENT) OF OUR ORGANIZATION IS SLIGHTLY DIFFERENT. THE SECOND TIER IS MANAGEMENT STAFF. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR STAFF. HOWEVER, OUR POLICY STATES THAT DIRECTORS ARE LIKE OTHER STAFF AND CAN EARN UP TO THE 100TH PERCENTILE OF THE RANGE FOR THEIR POSITION. OUR THIRD TIER IS VICE PRESIDENT STAFF. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR STAFF. HOWEVER, THERE IS ONE DIFFERENCE. THE POLICY STATES THAT VICE PRESIDENTS CAN EARN UP TO THE 85TH PERCENTILE OF THE RANGE FOR THEIR POSITION. THE RANGE USES THE MEDIAN AS THE MID-POINT NOT THE AVERAGE. GENERALLY THE MEDIAN IS BELOW THE AVERAGE. THE OVERALL COMPENSATION POLICY AND THE VP COMPENSATION POLICY ARE APPROVED BY THE GREENCROFT COMMUNITIES (GC) BOARD OF DIRECTORS. THE HAMILTON GROVE (HG) BOARD REVIEWS THE COMPENSATION POLICIES. ANNUALLY THE GC BOARD AND THE HG BOARD REVIEW THE COMPENSATION OF THE EXECUTIVE TEAM. THEY COMPARE CURRENT WAGES WITH NATIONAL DATA PROVIDED BY LEADINGAGE (FORMERLY THE AMERICAN ASSOCIATION OF HOMES AND SERVICES FOR THE AGING - AAHSA). THE BOARDS REVIEW THE CURRENT WAGE, THE PERCENTILE RANKING OF THE EMPLOYEE IN HIS/HER RESPECTIVE RANGE AND THE MEDIAN OF THE MARKETPLACE COMPARED TO THE MID-POINT OF THE EMPLOYEE'S RANGE. THE BOARDS DOCUMENT THESE MEETINGS AND ACTIONS TAKEN IN THEIR BOARD MINUTES. THE HG BOARD HAS REVIEWED THE BASE WAGE AND THE VARIABLE PAY FOR THE PRESIDENT OF HAMILTON GROVE. IN THE FISCAL YEAR 2014 THIS POSITION WAS AT THE 69TH PERCENTILE OF THE RANGE FOR THIS POSITION IN BASE COMPENSATION AND AT THE ZERO PERCENTILE OF THE MARKET FOR THE VARIABLE PAY COMPENSATION. THIS PROCESS WAS LAST PERFORMED IN FISCAL YEAR 2014. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART IX, LINE 11G CORPORATE SERVICES: PROGRAM SERVICE EXPENSES 1,151,123. MANAGEMENT AND GENERAL EXPENSES 238,637. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,389,760. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -208,420. UNREALIZED LOSS ON EXTINGUISHMENT OF DEBT -323,134. RELEASE OF ASSETS -637,319. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GREENCROFT COMMUNITIES FOUNDATION INC PO BOX 819 GOSHEN IN 46527 237126990 FUNDRAISING IN 501(C)(3) LINE 7 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT GOSHEN INC PO BOX 819 GOSHEN IN 46527 351270709 HEALTHCARE IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANOR III INC PO BOX 819 GOSHEN IN 46527 351431475 HOUSING IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANOR II INC PO BOX 819 GOSHEN IN 46527 351377430 HOUSING IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT CENTRAL MANOR INC PO BOX 819 GOSHEN IN 46527 356047318 HOUSING IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MIDDLEBURY INC PO BOX 819 GOSHEN IN 46527 300036865 HOUSING IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT RETIREMENT COMMUNITIES INC PO BOX 819 GOSHEN IN 46527 300036587 MANAGEMENT IN 501(C)(3) LINE 11C, III-FI N/A 0 OAK GROVE CHRISTIAN RETIREMENT VILLAGE INC 221 WEST DIVISION ROAD DEMOTTE IN 46310 351986767 HEALTHCARE IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 SOUTHFIELD VILLAGE INC 6450 MIAMI CIRCLE SOUTH BEND IN 46614 351866553 HEALTHCARE IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 WALNUT HILLS RETIREMENT COMMUNITIES INC PO BOX 129 WALNUT CREEK OH 44687 351317338 HEALTHCARE IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT HOME HEALTH SERVICES INC PO BOX 819 GOSHEN IN 46527 351606010 HOME HEALTH IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 CHICAGO TRAIL VILLAGE INC 31891 CHICAGO TRAIL NEW CARLISLE IN 46552 310990629 HOUSING IN 501(C)(3) LINE 9 HAVEN HUBBARD HOMES INC DBA HAMILTON GROVE 1 HAMILTON FOUNDATION INC 31891 CHICAGO TRAIL NEW CARLISLE IN 46552 351764275 FUNDRAISING IN 501(C)(3) LINE 11A, I N/A 1 MENNONITE HEALTH SERVICES 234 S MAIN STREET SUITE A GOSHEN IN 46526 231421919 HEALTHCARE IN 501(C)(3) LINE 9 N/A 0 GREENCROFT MANAGEMENT INC PO BOX 819 GOSHEN IN 46527 270259652 MANAGEMENT SERVICES IN N/A C 0 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 1 1 1 0 GREENCROFT RETIREMENT COMMUNITIES INC M 590434 ACTUAL COST CHICAGO TRAIL VILLAGE INC L 241925 ACTUAL COST GREENCROFT GOSHEN INC E 2000000 CASH VALUE GREENCROFT GOSHEN INC R 60000 CASH VALUE HAMILTON FOUNDATION INC C 738799 BOOK VALUE