2015-08-03T13:14:58-05:00 2014-12-31 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2014-01-01 860906621 Northern Arizona Senior Living Community LLC NORT 9523618000 1107 Hazeltine Blvd No 200 Chaska MN 55318 Ronald F Nutting Authorized Signatory 9523618000 2015-07-15 1 Victoria L Holinka P00735616 9525450424 2014 2016-02-25 16:41:14Z The Peaks Ronald F Nutting 1107 Hazeltine Blvd No 200 Chaska MN 55318 13626483 0 X www.thepeaks.org X 1997 MN The Corporation was formed to develop and operate a senior living and mentoring facility. 7 7 276 58 0 0 700 288 13557538 13613353 67834 -100387 0 0 13626072 13513254 0 0 0 0 5067495 5244253 0 0 0 8444842 8507574 13512337 13751827 113735 -238573 27698410 27235285 30474496 30249944 -2776086 -3014659 X To develop and operate a senior living and mentoring facility. 0 0 11762055 13613353 Northern Arizona Senior Living Community, LLC dba The Peaks, a Senior Living Facility (The Peaks) located in Flagstaff, Arizona, is a comprehensive senior living and healthcare campus consisting of 58 skilled nursing beds, 96 assisted living units, and 39 bungalows. The Peaks, Flagstaff, Arizona, is unlike any senior community in the county because it shares strong ties with the Museum of Northern Arizona, and Flagstaff Medical Center. The Peaks provides its residents, as well as children in the area, with unique intergenerational activities that benefit the older adults and children alike. Two of The Peaks residents and The Lodge executive director are docents of the museum, providing education on local history, and discoveries of the Colorado Plateau to area schools, associations, the public and Peaks residents. The Peaks provides assisted living, progressive memory care, rehabilitation, long-term care, and skilled nursing, with the opportunity for residents to "age in place." Residents are encouraged to remain in their apartment homes receiving assistance with activities of daily living through personalized levels of care. The community was developed through a nonprofit partnership between Intergenerational Living and Health Care, the Museum of Northern Arizona and Northern Arizona Healthcare. For the fiscal year ended December 31, 2014, The Peaks participated in various charitable initiatives such as the provision of discounted care through participation in the Arizona State Medicaid program. We average 21 Medicaid patients in our skilled nursing facility on a daily basis and discounted their care by $189,083 during the 2014 year. In our lodge, we averaged 19 residents on a daily basis and discounted their care by $597,321 during 2014. We have a partnership with the Museum of Northern Arizona (MNA) that consists of supporting an art collection within The Peaks and three museum docent programs. The Peaks has come to an agreement with the Museum of Northern Arizona to issue memberships to all Peaks' residents. We believe this art enriches the lives of our residents and the community as a whole. Each month we support the museum with an $825 monthly fee. (Value $9,900). We currently have a $7,500 endowment at Northern Arizona University within the Behavioral and Social Science Department for scholarships to students who plan careers that would support seniors. In addition, an endowment in the amount of $15,000 was established with The Northern Arizona University's Foundation to be used for scholarships for degree advancement for registered nurses who aspire to earn a bachelor's degree in nursing. The Peaks also gave a donation to the Northland Hospice by sponsoring a golf hole for $2,500 during their 2014 annual fund raising golf tournament. A gift of $1,000 was presented to the Poore Clinic, a local clinic that provides free services for the underserved in Flagstaff. A gift of $1,300 was presented to Sunnyside Youth Cooperative, a Flagstaff group formed to perform community service to elderly, and homebound low income residents of Flagstaff. 11762055 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 0 0 0 0 0 0 1 73 0 1 276 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X The Goodman Group LLC 9523618000 1107 Hazeltine Blvd Chaska MN 55318 X Lisa Brugh Manager 1.00 X 0 0 0 Richard Langosch Manager 1.00 X 0 0 0 Mark Wilson Manager 1.00 X 0 0 0 Robert Bruenig Manager 1.00 X 0 0 0 Joseph Guertin Manager 1.00 X 0 0 0 Christopher Bavasi Co-Chief Executive Officer 1.00 X X 0 0 0 Thomas Egan Co-Chief Executive Officer 1.00 X X 0 0 0 0 0 0 0 0 0 0 Synertx 7540 North 19th Avenue Suite 200 Phoenix AZ 85021 Therapy 1339599 The Goodman Group LLC 1107 Hazeltine Blvd 200 Chaska MN 55318 Management and Accounting Services, info 889461 Pharmerica Corporation of America PO Box 409251 Atlanta GA 30384 Pharmacy 513833 John B Goodman Limited Partnership 1107 Hazeltine Blvd 200 Chaska MN 55318 Construction Management & Development 137642 4 288 288 Resident services 623990 8677883 8677883 Ancillary services 623990 4847842 4847842 Other operating revenue 623990 87628 87628 13613353 12842 12842 113229 -113229 -113229 -113229 13513254 13613353 0 -100387 X 4819480 4508376 311104 46351 456 45895 378422 354131 24291 750263 750263 94515 94515 304464 304464 1668044 1668044 91900 87550 4350 1204972 1030284 174688 324781 324781 139424 23551 115873 1612863 1612863 921641 921641 612796 514546 98250 Dietary food 530137 530137 Equipment rental and ma 130884 111526 19358 Amortization 59996 59996 Other expenses 50196 3475 46721 10698 10698 13751827 11762055 1989772 0 1726363 1731202 123124 124977 1011084 1074396 58423 54363 97173 96300 28608211 10944128 18262968 17664083 6419275 6489964 27698410 27235285 793321 907450 72931 134000 28760000 28375000 848244 833494 30474496 30249944 X -2776086 -3014659 -2776086 -3014659 27698410 27235285 -238573 0 X X 0 1 X 1 0 X 700 288 988 12239655 13186802 12798046 13557538 13613353 65395394 12239655 13186802 12798046 13558238 13613641 65396382 0 0 0 65396382 375515 365831 351732 67834 12842 1173754 375515 365831 351732 67834 12842 1173754 12615170 13552633 13149778 13626072 13626483 66570136 0.98240 0.97660 0.01760 0.02340 X 660000 660000 21811336 7342571 14468765 3627936 1996374 1631562 2508939 1605183 903756 17664083 Accrued interest receivable 872 Insurance escrow 98463 Bond funds 3845593 Replacement reserve account 1002612 Tenant/patient funds held in trust 1094 Deferred loan costs and capitalized - net of amortization 1541330 6489964 Security deposits 28750 Accrued interest 803750 Tenant/patient funds held in trust 994 833494 X 13626195 0 13626195 -112941 -112941 13513254 13864768 0 13864768 -112941 -112941 13751827 Part X, Line 2: The Company is exempt from taxation as a nonprofit organization in accordance with 501(c)(3) of the Internal Revenue Code. The Company adopted the recognition requirements for uncertain income tax positions as required by Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Company has analyzed tax positions taken for filing with the Internal Revenue Service and the state jurisdiction where it operates. The Company believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Company's financial condition, results of operations, or cash flows. Accordingly, the Company has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at December 31, 2014. The Company is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. The Company's open audit periods are the years ended December 31, 2011, 2012, and 2013. Part XI, Line 4b - Other Adjustments: Charitable contribution revenue netted with expense 288. Loss on disposal of property and equipment -113,229. Part XII, Line 4b - Other Adjustments: Charitable contribution revenue netted with expense 288. Loss on disposal of property and equipment -113,229. A The Industrial Development Authority of the City of Flagstaff Arizona 521293802 338448AG8 2007-08-01 30650000 Refinance real estate used by organization 0 0 0 A 2275000 30650000 2050428 6866968 610673 797387 20324544 2007 0 1 1 1 A 0 0 0 0 0 0 0 A 1 1 0 0 0 0 A 0 Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent certified public accounting firm. It is then reviewed by the controller and CPAs of the management company. The Form 990 is given to each Board member in advance of a scheduled meeting of the Board for their review. There is discussion of the Form 990 at the Board meeting with the preparers and the management company's representative prior to Board approval of the Form 990. Form 990, Part VI, Section B, line 12c Each member of the governing board annually completes a disclosure of conflict of interest questionnaire. Form 990, Part VI, Section B, line 15 Compensation is based on experience and market salary surveys, and is reviewed annually. Form 990, Part VI, Section C, line 19 The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon written request. Form 990, Part IX, line 11g General medical services : Program service expenses 72,025. Management and general expenses 0. Fundraising expenses 0. Total expenses 72,025. Nursing and therapy : Program service expenses 1,371,395. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,371,395. Dining, laundry, and housekeeping : Program service expenses 69,126. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,126. Other : Program service expenses 155,498. Management and general expenses 0. Fundraising expenses 0. Total expenses 155,498. FORM 990, PART XII, LINE 2C: The financial statements are prepared by an independent accounting firm. The statements are reviewed and approved by the board before being issued. This process was the same as last year. RELATED ORGANIZATION COMPENSATION: Made an effort to obtain information on compensation, if any were paid from a related organization. No other compensation or transactions were noted other than those listed on Form 990, Part VII, Line 1a.