2015-07-10T15:11:06-05:00 2014-12-31 560747981 DIXON HUGHES GOODMAN LLP 4510 COX ROAD SUITE 200 GLEN ALLEN VA 230603394 990 2014-01-01 540852697 VIRGINIA LUTHERAN HOMES INC VIRG 5405625443 3807 BRANDON AVE NO 2440 ROANOKE VA 24018 MICHAEL R BIRD CFO 5405625443 2015-06-17 1 CHRISTOPHER T BENNETT CPA P01232201 8042827636 2014 2016-02-25 16:41:14Z HEATHER L NEFF 3807 BRANDON AVE ROANOKE VA 24018 22006709 0 X VLHNET.ORG X 1963 VA PROVIDE HOUSING AND HEALTHCARE SERVICES TO ELDERLY AND/OR HANDICAPPED INDIVIDUALS 12 12 363 15 -113893 -99568 72659 155047 17388578 19222933 277638 371475 -56700 320751 17682175 20070206 0 0 0 0 8753123 9289030 0 0 93618 9300793 11170690 18053916 20459720 -371741 -389514 69985882 69946087 87710614 87808315 -17724732 -17862228 PROVIDE HOUSING AND HEALTHCARE SERVICES TO ELDERLY AND/OR HANDICAPPED INDIVIDUALS. 0 0 18707819 19800510 VIRGINIA LUTHERAN HOMES, INC. PROVIDES HOUSING AND HEALTH CARE SERVICES TO ELDERLY AND/OR HANDICAPPED INDIVIDUALS. 18707819 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 28 0 1 363 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 5405625443 3807 BRANDON AVE STE 2440 ROANOKE VA 24018 BETTY COCHRAN TRUSTEE 0.00 X 0 0 0 CHARLES L DOWNS JR TRUSTEE 0.00 X 0 0 0 TEDDY A GARMAN FINANCE COMMITTEE CHAIR 0.00 X X 0 0 0 DR GEORGE HENNING DEVELOPMENT COMMITTEE CHAIR 0.00 X 0 0 0 KATHLEEN M KRONAU ESQ TRUSTEE 0.00 X X 0 0 0 VIRGINIA C SEMLER TRUSTEE 0.00 X 0 0 0 REV DAVID K SKOLE TRUSTEE 0.00 X 0 0 0 REV JEFFREY R SONAFELT TRUSTEE 0.00 X 0 0 0 MIRIAM V TAYLOR TRUSTEE 0.00 X 0 0 0 JOSEPH H TROST TRUSTEE 0.00 X 0 0 0 DR PAUL F WHITE EXEC & MEDICAL COMMITTEE CHAIR 0.00 X X 0 0 0 THOMAS E WRAY PERSONNEL COMMITTEE CHAIR 0.00 X X 0 0 0 HEATHER L NEFF PRESIDENT & CEO 40.00 X 256172 0 15288 MICHAEL BIRD CFO 40.00 X 203288 0 14057 JOE HOFF EXECUTIVE DIRECTOR 40.00 X 159505 0 12695 EMILY SNODGRASS PHYSICAL THERAPIST 40.00 X 112486 0 11870 CLARK WADE CONTROLLER 40.00 X 118197 0 12500 849648 0 66410 5 0 1 0 LIONBERGER CONSTRUCTION PO BOX 20209 ROANOKE VA 24018 CONSTRUCTION 5064358 SODEXO PO BOX 905374 CHARLOTTE NC 24016 MANAGEMENT SERVICES 1729768 INTERACTIVE DESIGN GROUP 301 6TH STREET ROANOKE VA 24016 ARCHITECT 418967 GSS COMPUTER TECHNOLOGY PO BOX 19279 ROANOKE VA 24019 COMPUTER CONSULTING 315084 TEMPLETON VEST PO BOX 13465 ROANOKE VA 24034 FIRE ALARM SERVICES 276721 5 155047 155047 RETIREMENT COMMUNITY 623000 8863369 8863369 HEALTH CENTER 623000 4389005 4389005 PERSONAL CARE 623000 2228556 2228556 EARNED ENTRANCE FEES 623000 2006198 2006198 MANAGEMENT FEES 623000 1353801 1353801 382004 382004 19222933 228542 228542 333038 446931 -113893 -113893 -113893 1632505 1489554 18 142951 -18 142933 142933 OTHER INCOME 623000 322119 322119 BEAUTY & BARBER 623000 100677 100677 LAUNDRY 623000 11848 11848 434644 20070206 19800510 -113893 228542 459460 459460 6963717 6429805 476618 57294 114386 94133 20253 1252183 1144582 107601 499284 440529 58755 1583556 1583556 18815 6484 12331 26800 26800 393934 381748 12186 16251 16251 141782 112057 29725 399938 252928 147010 761631 710695 50936 33784 12915 20869 1716439 1716439 2648149 2571906 76243 264944 223117 41827 DIETARY EXPENSE & SUPPL 1111502 1111502 GENERAL OPERATING 394553 394553 MEDICAL & THERAPY EXPEN 391489 391489 CONTRACTED SERVICES 260991 260991 1006132 852139 117669 36324 20459720 18707819 1658283 93618 2701101 2100 1841561 797002 820745 33333 33333 210447 134141 78634208 27578684 45414469 51055524 17704798 13441354 21228 8491 3103504 2608838 69985882 69946087 722456 1536199 9485488 16166911 45291742 44452292 3249000 2850000 28961928 22802913 87710614 87808315 X -19018396 -19284878 646503 779844 647161 642806 -17724732 -17862228 69985882 69946087 X -389514 253018 -1000 X X 0 1 X 1 0 X 166674 450828 339128 72659 155047 1184336 15977220 19513272 17114557 17388578 19657577 89651204 16143894 19964100 17453685 17461237 19812624 90835540 0 0 0 90835540 239898 396299 339311 184279 228542 1388329 239898 396299 339311 184279 228542 1388329 16383792 20360399 17792996 17645516 20041166 92223869 0.98490 0.98050 0.01510 0.01950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8041837 143775 512481 17552 8680541 8887951 67893 298577 1212584 8041837 7909158 331188 652173 4568 8887951 8748316 348984 1807368 2995510 7909158 7358906 150898 2071799 833297 8748316 0.84700 0.06800 0.08500 0 0 1767778 1767778 64119022 23325570 40793452 1232591 676827 555764 4038514 3279049 759465 7476303 297238 7179065 51055524 DEFERRED REVENUE 6250 REFUNDABLE ADVANCE FEES 23033633 TENANT DEPOSITS 357566 DUE TO RELATED PARTY -594536 22802913 X PART X, LINE 2: VIRGINIA LUTHERAN HOMES, INC. IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. BRANDON POINT, LLC IS A DISREGARDED ENTITY FOR TAX PURPOSES AND IS INCLUDED IN VIRGINIA LUTHERAN HOMES, INC.'S FILINGS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2014 AND 2013. FISCAL YEARS ENDING ON OR AFTER DECEMBER 31, 2011 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. X 1 0 0 0 0 0 0 0 0 HEATHER L NEFF PRESIDENT & CEO 241172 0 15000 0 0 0 6793 0 8495 0 271460 0 0 0 MICHAEL BIRD CFO 182788 0 20500 0 0 0 5562 0 8495 0 217345 0 0 0 JOE HOFF EXECUTIVE DIRECTOR 159505 0 0 0 0 0 4200 0 8495 0 172200 0 0 0 PART I, LINE 3 CLARK WADE, CONTROLLER, WAS PAID SEVERANCE PAY OF $26,346. A ECONOMIC DEVELOPMENT AUTHORITY 541106038 770090EBO 2006-11-08 16540000 CONSTRUCT NEW ASSISTED LIVING 0 0 0 B ECONOMIC DEVELOPMENT AUTHORITY 541106038 770081AA5 2007-10-04 4700000 TO RENOVATE AND ADD SPACE 0 0 0 C ECONOMIC DEVELOPMENT AUTHORITY 541106038 770081BD8 2012-11-15 21065000 REFUNDING SERIES 2002 BONDS 0 0 0 D ECONOMIC DEVELOPMENT AUTHORITY 541106038 770081BE6 2013-12-01 8590000 CONSTRUCT NEW NURSING HOME WING 0 0 0 A 3725000 16540000 640750 496450 15690371 2008 0 0 0 1 B 460000 4700000 310916 277200 4030279 2008 0 0 0 1 C 1525000 21065000 1609250 586658 4030279 2013 1 0 0 1 D 8590000 569088 369021 7712991 2014 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 C 1 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C (A) ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/22/2014 (B) ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/22/2014 (C) ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/22/2014 FORM 990, PART VI, SECTION B, LINE 11 ALL BOARD MEMBERS RECEIVE A COPY OF THE 990 PRIOR TO FILING. THE CFO AT THE ORGANIZATIONS MAY BOARD MEETING WILL DISCUSS THE TAX RETURN AND RESPOND TO ANY QUESTIONS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS AND SIGNS THE CONFLICT OF INTEREST POLICY ANNUALLY. IF THERE IS A CONFLICT, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR EXECUTIVE COMMITTEE MEETING, BUT HE/SHE SHALL LEAVE DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT. THE CHAIRPERSON OF THE BOARD OR EXECUTIVE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD OR EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER THERE IS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR EXECUTIVE COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ARE INVOLVED IN THE SEARCH AND HIRING PROCESS, USING COMPARABLE SALARIES FROM POSITIONS IN RELATED FIELDS AS WELL AS EXPECTED HOURS AND WORKLOAD FOR THE ORGANIZATION'S CEO AS WELL AS OFFICERS AND KEY EMPLOYEES. THE CEO IS ALSO INVOLVED WITH REGARDS TO OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INTERCOMPANY EQUITY TRANSFER -1,000. FORM 990, PART XI, LINE 2C THE PROCESS OF FINANCIAL STATEMENT REVIEW AND OVERSIGHT HAS NOT CHANGED FROM THE PRIOR YEAR. BRANDON POINT LLC 3807 BRANDON AVE STE 2440 ROANOKE VA 24018 463459947 RENTAL REAL ESTATE VA 333038 3253990 ZION PLACE INCORPORATED 3807 BRANDON AVE STE 2440 ROANOKE VA 24018 510248666 PROVIDE HOUSING FOR THE ELDERLY VA 501(C)(3) LINE 7 VIRGINIA LUTHERAN HOMES INC 1 SHENANDOAH VALLEY LUTHERAN HOMES INC 3807 BRANDON AVE STE 2440 ROANOKE VA 24018 540852697 PROVIDE HOUSING FOR THE ELDERLY VA 501(C)(3) LINE 9 VIRGINIA LUTHERAN HOMES INC 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 ZION PLACE INCORPORATED L 66699 CASH VALUE SHENANDOAH VALLEY LUTHERAN HOUSING INC D 141978 CASH VALUE ZION PLACE INCORPORATED D 452558 CASH VALUE