2015-02-10T17:14:57-06:00 2014-09-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2013-10-01 581491527 KING'S BRIDGE RETIREMENT CENTER INC % JAMES W WALDROP KING 4043210263 3055 BRIARCLIFF RD Suite ATLANTA GA 303292601 JAMES WALDROP OFFICER 4049829185 2015-02-16 true MARC AZAR P00746804 4049829185 2013 2016-02-25 16:41:14Z JAMES W WALDROP 3055 BRIARCLIFF RD ATLANTA GA 303292601 6151493 false X WWW.KINGSBRIDGE.ORG X 1981 GA Our mission is to provide high-quality housing with a community environment and homelike atmosphere for senior adults. 10 10 60 7 0 0 0 0 6019174 6067727 7647 9156 63691 74610 6090512 6151493 0 0 0 0 1633423 1690587 0 0 0 3952620 4125965 5586043 5816552 504469 334941 12596743 12847022 4809866 4525172 7786877 8321850 X OUR MISSION IS TO PROVIDE HIGH-QUALITY HOUSING WITH A COMMUNITY ENVIRONMENT AND HOMELIKE ATMOSPHERE FOR SENIOR ADULTS. KING'S BRIDGE IS DEDICATED TO ENSURING THAT RESIDENTS ARE AFFORDED THE BEST IN ENVIRONMENT, OPPORTUNITIES, AND CARE THROUGH THE SERVICES, PROGRAMS, AND PLANNED ACTIVITIES IT OFFERS. false false 5443529 0 6067727 INDEPENDENT AND ASSISTED LIVING COMMUNITY PROVIDES RETIREMENT HOUSING AND SERVICES FOR APPROXIMATELY 187 RESIDENTS. 5443529 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 5 0 false 60 true false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false GA X JAMES W WALDROP 4049829185 3055 BRIARCLIFF RD NE ATLANTA GA 303292601 X JIM PANTER PRESIDENT/ BOARD CHAIRMAN 1.0 X ANTHONY FERRARA TRUSTEE 1.0 X JUDY JONES TRUSTEE 1.0 X JUDY KILGO V. PRES/ BOARD V. CHAIR 1.0 X Aubon Higgins TREASURER/ BOARD SECRETARY 1.0 X BLOUNT FERRELL TRUSTEE 1.0 X CLAYTON RAMSEY TRUSTEE 1.0 X KAREN LUCAS TRUSTEE 1.0 X RAY PEREZ TRUSTEE 1.0 X BETSY SMITH TRUSTEE 1.0 X JAMES W WALDROP EXECUTIVE DIRECTOR 50.0 X 132944 0 18265 132944 0 18265 1 false true false GUEST SERVICES INC 3055 PROSPERITY AVE FAIRFAX VA 220312290 FOOD SERVICE 662985 ARAMARK 1101 MARKET STREET PHILADELPHIA PA 19107 HOUSEKEEPING 394403 2 X 0 RENTAL 721310 4443439 4443439 PERSONAL CARE 623000 1427199 1427199 MEALS 722513 83521 83521 OTHER INCOME 900099 8736 8736 BEAUTY SHOP 812900 104832 104832 6067727 9156 9156 0 0 74610 74610 0 74610 74610 0 0 0 0 0 6151493 5879374 272119 X 0 0 0 0 149982 149982 0 1288805 1144915 143890 0 26036 23021 3015 117096 99227 17869 108668 89377 19291 0 0 25500 25500 0 0 0 1703993 1703993 16382 16382 86554 76058 10496 0 0 855353 855353 0 0 2980 2980 260920 260920 0 852839 852839 121416 121416 RESIDENT SERVICES 200028 200028 5816552 5443529 373023 0 X 59322 3901 1433161 1291998 0 0 25927 15815 0 0 0 0 0 0 0 0 0 0 25190700 13777764 10935622 11412936 0 0 0 0 0 0 0 0 142711 122372 12596743 12847022 190341 317852 0 0 0 0 0 0 0 0 0 0 3936107 3739393 0 0 683418 467927 4809866 4525172 X 7786877 8321850 0 0 0 0 7786877 8321850 12596743 12847022 X 334941 200032 X false true X true false X 11000 1000 0 0 0 12000 5603391 5845296 6029165 6082865 6142337 29703054 0 0 0 5614391 5846296 6029165 6082865 6142337 29715054 0 684 255 2542 5385 9940 18806 684 255 2542 5385 9940 18806 29696248 7217 2650 3711 7647 9156 30381 0 7217 2650 3711 7647 9156 30381 0 0 5621608 5848946 6032876 6090512 6151493 29745435 0.99835 0.99860 0.00102 0.00109 X 538967 538967 23302854 12918406 10384448 285316 197679 87637 1063563 661679 401884 11412936 0 SECURITY DEPOSIT PAYABLE 106396 LIAB. UNDER INTEREST RATE SWAP 361531 467927 X 6351525 200032 200032 6151493 6151493 5816552 5816552 5816552 PART X, LINE 2 The Center has been recognized as an organization exempt from Federal income taxes under Internal Revenue Code (the "Code") Section 501(a) as an organization described in Section 501(c)(3) whereby only unrelated business income, as defined by Section 512(a) of the Code, is subject to Federal income tax. Accordingly, no provision for income taxes is required. The Center annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Center takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Center is subject to examination by the federal and state taxing authorities. In general, the Center is no longer subject to tax examinations for the years ending before September 30, 2011. PART XI, LINE 2D CHANGE IN INTEREST RATE SWAP LIABILITY $200,032 X X X false false false false false true false false false JAMES W WALDROP EXECUTIVE DIRECTOR 114890 0 18054 5297 0 12968 151209 0 part i, line 6 Jim Waldrop is eligible to receive quarterly bonuses based on the quarterly net operating income. The calculation is such that he can receive up to 15% of his Gross Quarterly compensation. This eligibility extends to Director of Building Operations, Director of Marketing, and Director of Personal Care. A total of 4 Directors that can all directly affect the Profit & losses. PART VI, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FORM 990 AND MAKES RECOMMENDATIONS TO THE BOARD THAT IT BE FILED. ALL VOTING MEMBERS OF THE BOARD RECEIVE A COPY OF THE FORM 990. PART VI, LINE 12C ON AN ANNUAL BASIS, THE TRUSTEES ARE ASKED TO SIGN THAT THEY ARE NOT IN VIOLATION OF THE CONFLICT OF INTEREST POLICY. KEY EMPLOYEES ARE ASKED TO DO THE SAME. PART VI, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS SET AND ADJUSTED BY THE BOARD OF TRUSTEES. THERE ARE NO OTHER OFFICERS THAT RECEIVE COMPENSATION. KEY EMPLOYEES' COMPENSATION IS SET BY THE EXECUTIVE DIRECTOR, AND MERIT INCREASES ARE DETERMINED BY HIM WITH THE APPROVAL OF THE BOARD OF TRUSTEES. PART VI, LINE 19 ALL GOVERNING POLICIES, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST TO THE EXECUTIVE DIRECTOR. PART IX, LINE 11G OTHER FEES FOR SERVICES ARE COMPRISED OF THE FOLLOWING: CHAPLAIN $33,017 FOOD SERVICE $1,243,776 HOUSEKEEPING SERVICES $390,101 MAINTENANCE SERVICES $37,099 ======================================= TOTAL $ 1,703,993 PART XI, LINE 9 CHANGE IN INTEREST RATE SWAP LIABILITY $200,032.