2015-09-21T12:37:02-05:00 2014-12-31 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2014-01-01 521874053 OAK CREST VILLAGE INC OAKC 4106651000 8800 WALTHER BOULEVARD PARKVILLE MD 21234 EILEEN ERSTAD TREASURER 4106651000 2015-09-15 1 JULIA FLANNERY CPA P00928918 4102469300 2014 2016-04-25 22:37:26Z JAMES ANDERS 8800 WALTHER BOULEVARD PARKVILLE MD 21234 91076495 0 X WWW.NATIONALSENIORCAMPUSES.ORG X 1994 MD PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. 10 10 1572 1056 0 0 866070 1197539 85307456 88823062 441443 397489 526026 599640 87140995 91017730 156777 127905 0 0 41639699 43497274 0 0 216437 42510263 42469858 84306739 86095037 2834256 4922693 353605706 352355379 324933595 317331747 28672111 35023632 X OUR MISSION IS TO PROMOTE AN ACTIVE AND ENGAGED QUALITY OF LIFE FOR SENIORS AND TO ACHIEVE EXCELLENCE IN SERVICES AND PROGRAMS WITH UNMATCHED VALUE FOR OUR PRESENT AND FUTURE RESIDENTS. WE WORK TO MAINTAIN AFFORDABILITY AND LIFELONG COMMITMENT FOR MIDDLE INCOME SENIORS WHILE ENSURING THE LONG-TERM FINANCIAL STABILITY OF THE COMMUNITY. 0 0 82679819 127905 88823062 OAK CREST VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, ALL OF WHOM RESIDE IN 1,520 INDEPENDENT LIVING UNITS (INCLUDING 3 GUESTROOMS), 133 ASSISTED LIVING UNITS, AND 200 SKILLED NURSING BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO, HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. 82679819 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 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 0 1 1 0 0 0 1 131 0 1 1572 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X MONIKA GAJDA 4104022311 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 JIM ANDERS CHAIRPERSON 1.00 8.00 X X 12500 65000 0 STEPHANIE REEL PRESIDENT/VICE CHAIR 1.00 3.00 X X 7500 27500 0 KI KENT SECRETARY 10.00 1.00 X X 10000 5000 0 EILEEN ERSTAD TREASURER 2.00 19.00 X X 7500 51875 0 LARRY SHUBNELL DIRECTOR 1.00 12.50 X 7500 55000 0 CAROLYN JACOBS DIRECTOR 0.40 1.20 X 5625 16875 0 JACKSON BAIN DIRECTOR 1.00 9.00 X 7500 37500 0 BETTY PRICE DIRECTOR 1.00 3.00 X 7500 25000 0 JOANNE RORAPAUGH DIRECTOR 3.00 11.00 X 7500 45000 0 RON WALKER DIRECTOR (BEG 4/2/14) 1.00 11.00 X 5625 40625 0 MAURICE BELLAN DIRECTOR (THRU 4/1/14) 0.10 0.30 X 1875 5625 0 JOHN HALL ASSISTANT TREASURER 0.50 7.00 X 0 0 0 CHRIS RATHMANN ASSISTANT TREASURER 0.50 7.50 X 0 0 0 JAMES WALTER ASSISTANT TREASURER 0.50 7.00 X 0 0 0 GARY HIBBS EXECUTIVE DIRECTOR 40.00 X 272491 0 20424 REMI ACKERMAN DIRECTOR OF FINANCE 40.00 X 115808 0 1470 MARK ROUSSEY ASSOCIATE EXECUTIVE DIRECTOR 40.00 X 141462 0 171 JOYCE MALONE DIRECTOR OF GENERAL SERVICES 40.00 X 130974 0 5155 TODD SULLIVAN DIRECTOR OF PHILANTHROPY 40.00 X 128079 0 17056 JEFFREY HOHENBERGER SR. FACILITIES MANAGER 40.00 X 124698 0 23109 WENDY KELLY DIRECTOR OF HUMAN RESOURCES 40.00 X 122583 0 21857 1116720 375000 89242 14 0 1 0 ERICKSON LIVING MANAGEMENT LLC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 MANAGEMENT 3430726 COMMERCIAL INTERIOR CONSTRUCTION 10489 JOSSMAN ROAD GOODRICH MI 48438 CONSTRUCTION 587292 REICO DISTRIBUTORS PO BOX 791482 BALTIMORE MD 21279 KITCHEN REMODEL 523537 STATE MECHANICAL CONTRACTORS 3 NASHUA COURT SUITE B BALTIMORE MD 21221 MECHANICAL CONTRACTOR 511345 RAY-MAR ENTERPRISES 1791 ADJALA TECUMSETH TOWNLINE TOTTENHAM ONTARIO CA LOG 1WO HVAC CONTRACTOR 305280 25 34885 1162654 1197539 RESIDENT FEES 623990 69918066 69918066 RESIDENT DEPOSITS 623990 9440099 9440099 ANCILLARY FEES 623990 9364188 9364188 CONTRACT REVENUE 623990 97432 97432 PROCESSING FEES 623990 3277 3277 88823062 423998 423998 526270 0 526270 526270 526270 26509 -26509 -26509 -26509 105626 34885 32256 73370 73370 91017730 88823062 0 997129 25000 25000 102905 102905 490818 490818 34935097 33618583 1133336 183178 480381 468409 10213 1759 4901287 4580304 309543 11440 2689691 2552253 123881 13557 3430726 3430726 62768 26368 36400 68435 68435 49921 49921 5507075 4761802 745088 185 1184363 1184363 7545922 7463038 79521 3363 4726046 4726046 98630 69812 28228 590 3342748 3342748 13910206 13910206 677693 677693 EQUIPMENT RENTAL 1191141 1183264 7877 ADMINISTRATIVE AND MISC 345271 205998 138655 618 RESIDENT RELATIONS 288443 241396 45300 1747 AMORTIZATION 40470 40470 86095037 82679819 3198781 216437 8410 8410 44935173 35393770 3754146 3212165 4429595 3054135 226648 213417 1114410 1161278 360034886 142434528 220421322 217600358 77785200 90821514 930802 890332 353605706 352355379 6445310 8163109 68227824 68176489 250260461 240992149 324933595 317331747 X 25855215 31737929 2816896 3285703 28672111 35023632 353605706 352355379 X 4922693 7935 1420893 X 0 1 X 1 0 X 1011660 2241695 1102126 866070 1197539 6419090 75713112 78982895 83390008 85343106 88928688 412357809 76724772 81224590 84492134 86209176 90126227 418776899 100000 100000 100000 100000 100000 500000 0 100000 100000 100000 100000 100000 500000 418276899 500787 600866 954880 1023937 950268 4030738 500787 600866 954880 1023937 950268 4030738 6996 6996 77232555 81825456 85447014 87233113 91076495 422814633 0.98930 0.98680 0.00950 0.01220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11755063 11755063 333667260 136078097 197589163 14024377 5987673 8036704 588186 368758 219428 217600358 BENEFICIAL INTEREST IN NATIONAL CCRC BUSINESS TRUST I 90606093 F BENEFICIAL INTEREST IN CCI BENEVOLENT CARE FOUNDATION 215421 F 90821514 ADVANCE DEPOSITS 1255800 RESIDENT DEPOSITS (NET) 231076334 FUNDS HELD FOR RESIDENTS 814693 RESIDENT REFUNDS 6443425 EMPLOYEE HEALTH PLAN 1176013 UNCLAIMED PROPERTY 8244 MARKETING FEE DEFERRED 46104 DEFERRED MANAGEMENT FEES 171536 240992149 X 93000659 7935 1974994 1982929 91017730 0 91017730 86649138 554101 554101 86095037 0 86095037 PART X, LINE 2: OAK CREST VILLAGE, INC. ("OCV") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE STATE INCOME TAX REGULATIONS. OAK CAMPUS PARTNERS, LLC ("OCP") IS A SINGLE-MEMBER LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE DISREGARDED FOR FEDERAL AND STATE INCOME TAX PURPOSES. OCP'S FINANCIAL STATEMENT ACTIVITY IS REFLECTED ON OCV'S BOOKS AND RECORDS. MANAGEMENT HAS EVALUATED OCV'S TAX POSITIONS AND HAS CONCLUDED THAT OCV HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 32,256. ADJUSTMENT TO TRNA 521,845. CHANGE IN BENEFICIAL INTEREST IN NATIONAL CCRC BUSINESS TRUST I 1,420,893. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 32,256. ADJUSTMENT TO TRNA 521,845. ANNUAL GALA 116121 28125 87996 18900 6884 GOLF TOURNAMENT 24390 6760 17630 5000 789 683 140511 34885 105626 5000 19689 6884 683 32256 73370 1 CRISTO REY JESUIT HIGH SCHOOL INC 420 SOUTH CHESTER STREET BALTIMORE MD 21231 050632734 501(C)(3) 25000 PROGRAM SERVICES 1 0 EDUCATIONAL SCHOLARSHIPS - SEE PART IV 113 102905 SCHEDULE I, PART I, LINE 2 SCHOLAR CANDIDATES MUST BE CURRENTLY EMPLOYED YEAR-ROUND AT OAK CREST VILLAGE. ONLY MEDICAL LEAVES OF ABSENCE ARE ALLOWABLE DURING THE TWO YEARS. OTHER REQUESTS FOR A LEAVE OF ABSENCE WILL BE REVIEWED AND DETERMINED CASE BY CASE. A SCHOLAR CANDIDATE MUST HAVE BEEN EMPLOYED BY OAK CREST VILLAGE ON OR BEFORE SEPTEMBER 30, 2014. THE CANDIDATE MUST ALSO ACHIEVE 1,000 HOURS OF WORK DURING A TIME SPAN THAT BEGINS NO EARLIER THAN JUNE 1, 2014 OF THEIR JUNIOR YEAR OF HIGH SCHOOL (300 OF 1,000 HOURS MUST BE COMPLETED BY THE END OF THEIR JUNIOR YEAR OF HIGH SCHOOL TO QUALIFY). ANY HOURS WORKED PRIOR TO JUNE 1, 2014 DO NOT COUNT TOWARDS THE 1,000 HOURS REQUIREMENT. CANDIDATES MUST ACHIEVE THE 1,000 HOUR REQUIREMENT AS WELL AS FULFILL THE TWO-YEAR MINIMUM EMPLOYMENT REQUIREMENT. CANDIDATES MUST BE IN "GOOD STANDING" FROM THEIR ORIGINAL DATE OF HIRE THROUGH THEIR LAST DAY OF WORK. TO MAINTAIN "GOOD STANDING," SCHOLAR CANDIDATES, AS EMPLOYEES, MUST ABIDE BY ALL EMPLOYMENT POLICIES AND PROCEDURES, TO INCLUDE GIVING TWO WEEKS NOTICE TO THEIR SUPERVISOR WHEN TERMINATING EMPLOYMENT. SCHOLAR CANDIDATES MUST COMPLETE EACH STEP AS OUTLINED IN THE PROGRAM DESCRIPTION BY THE RESPECTIVE DUE DATE. FURTHERMORE, CANDIDATES MUST TURN IN PROOF OF FULL-TIME STATUS WITHIN THE DATES SPECIFIED IN THE PROGRAM DESCRIPTION FOR EACH SPRING AND FALL SEMESTER THEY ATTEND SCHOOL. FAILURE TO DO SO WILL DISQUALIFY THE SCHOLAR THAT SEMESTER AND WILL COUNT TOWARDS ONE OF THE TWO ALLOWABLE SEMESTER LAPSES. CANDIDATES SHOULD INTEND TO GO TO COLLEGE OR TRADE SCHOOL AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST ATTEND SCHOOL FULL-TIME (12 CREDIT HOURS EACH SEMESTER) AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST BE ACCEPTED AND/OR REGISTERED IN THE FALL OF 2014 AT A TRADE SCHOOL, COLLEGE, OR UNIVERSITY TO BENEFIT. (IN EXCEPTIONAL CASES, A SCHOLAR CANDIDATE MAY ARRANGE TO START SCHOOL UP TO TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM, BUT THEY MUST MAKE ARRANGEMENTS WITH THE RESIDENT LIFE DEPARTMENT. THESE TWO SEMESTERS WILL COUNT AS THE TWO ALLOCABLE SEMESTER LAPSES.) SCHOLARS WHO LAPSE FROM THE PROGRAM FOR MORE THAN A TOTAL OF TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM ARE NO LONGER ELIGIBLE TO RECEIVE THE AWARD. X X X 1 0 0 0 0 0 0 0 0 GARY HIBBS EXECUTIVE DIRECTOR 217096 0 50000 0 5395 0 0 0 20424 0 292915 0 0 0 PART I, LINE 4A JOYCE MALONE, DIRECTOR OF GENERAL SERVICES, RECEIVED A SEVERANCE COMPENSATION PACKAGE FROM THE ORGANIZATION. THE SEVERANCE WAS BASED ON LENGTH OF SERVICE AND RESPONSIBILITIES. ADDITIONAL TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT WILL BE PROVIDED TO THE IRS UPON REQUEST. THE AMOUNT PAID DURING 2014 WERE INCLUDED ON THE EMPLOYEES FORM W-2, AND IT IS REFLECTED ON PART VII, COLUMN D. SCHEDULE J, PART II: THE INDIVIDUAL LISTED IN SCHEDULE J, PART II IS AN EMPLOYEE OF ERICKSON LIVING MANAGEMENT ("ELM"), AN UNRELATED ORGANIZATION TO OAK CREST VILLAGE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN OAK CREST VILLAGE, INC. AND ELM. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ELM IS THE ISSUER OF THIS FORM W-2. UNDER THE MANAGEMENT AGREEMENT, OAK CREST VILLAGE, INC. REIMBURSES ELM FOR THE COST OF SERVICES PERFORMED FOR OAK CREST VILLAGE, INC. A BALTIMORE COUNTY MD 526000889 059151BN9 2007-05-16 68570059 PART REFUNDING, PART NEW MONEY 0 0 0 A 68570059 5320000 1117134 12433825 49699100 2011 1 0 0 0 A 1 1 1 1 0 0 0 1 A 0 0 0 1 0 0 1 LEHMAN BROTHER 0 1 1 A 1 PART III, LINE 1: THE ORGANIZATION IS THE SOLE MEMBER OF A DISREGARDED ENTITY WHICH OWNS BOND-FINANCED PROPERTY. PART IV, LINE 2(C): A REBATE COMPUTATION WAS DONE ON JUNE 28, 2012 REFLECTING ACTIVITY FROM MAY 16, 2007 TO APRIL 30, 2012. AT THAT TIME, IT WAS DETERMINED THAT NO REBATE WAS DUE. PART IV, LINE 5(C): GIC WAS TERMINATED PART IV, LINE 6: PROCEEDS WERE FULLY SPENT ON CAPITAL PROJECT BY 12/31/2011. PROCEEDS HELD BEYOND THE THREE YEAR TEMPORARY PERIOD WERE YIELD RESTRICTED. FORM 990, PART VI, SECTION A, LINE 1 UNDER THE BYLAWS OF THE ORGANIZATION, THE BOARD HAS DELEGATED AUTHORITY TO AN EXECUTIVE COMMITTEE COMPRISED OF THE ORGANIZATION'S CHAIRMAN, PRESIDENT, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE ACTS BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE IS ONLY EXPECTED TO TAKE ACTION IF THE CHAIRMAN OF THE EXECUTIVE COMMITTEE DETERMINES THAT ACTION IS NECESSARY AND A REPORT OF THE ACTION TAKEN IS PROMPTLY MADE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 ON APRIL 30, 2010, OAK CREST VILLAGE, INC. ENTERED INTO A NEW MANAGEMENT AND MARKETING AGREEMENT WITH ERICKSON LIVING MANAGEMENT, LLC ("ELM") TO PROVIDE THE SERVICES PREVIOUSLY PROVIDED BY ERC. ELM IS A SUBSIDIARY OF REDWOOD-ERC SENIOR LIVING HOLDINGS, LLC, NOW KNOWN AS ERICKSON LIVING HOLDINGS, LLC WHICH, TOGETHER WITH OTHER RELATED ENTITIES, PURCHASED THE MAJORITY OF THE ASSETS OF ERC. ELM IS A MARYLAND LIMITED LIABILITY COMPANY WHICH OPERATES AND MANAGES LARGE SCALE CONTINUING CARE RETIREMENT COMMUNITIES. ON SEPTEMBER 1, 2014, OAK CREST VILLAGE, INC. ENTERED INTO A DEVELOPMENT SERVICES AGREEMENT FOR TOWN CENTER RENOVATION, ENTRY DRIVE AND CENTRAL PARK AND CHAPEL GREEN IMPROVEMENTS WITH ERICKSON LIVING DEVELOPMENT, LLC ("ELD") FOR ELD TO PROVIDE CERTAIN SERVICES REQUIRED IN ORDER TO COMPLETE THE NAMED PROJECTS AT THE CONTINUING CARE RETIREMENT COMMUNITY OPERATED BY OAK CREST VILLAGE, INC. ELD IS A SUBSIDIARY OF REDWOOD-ERC SENIOR LIVING HOLDINGS, LLC, NOW KNOWN AS ERICKSON LIVING HOLDINGS, LLC, WHICH, TOGETHER WITH OTHER RELATED ENTITIES, PURCHASED THE MAJORITY OF THE ASSETS OF ERICKSON RETIREMENT COMMUNITIES, LLC. ELD IS A MARYLAND LIMITED LIABILITY COMPANY WHICH PROVIDES DEVELOPMENT SERVICES TO CONTINUING CARE RETIREMENT FACILITIES MANAGED BY ERICKSON LIVING MANAGEMENT, LLC. THE MANAGEMENT AGREEMENT COMPLIES WITH REV. PROC. 97-13. THE FOLLOWING OFFICERS ARE LISTED IN PART VII, AS NON-COMPENSATED OFFICERS OF THE FILING ORGANIZATION, JOHN HALL, JAMES WALTER, AND CHRIS RATHMANN. THEIR DUTIES ARE CONSIDERED PERFORMED PRO BONO. GARY HIBBS, EXECUTIVE DIRECTOR, REMI ACKERMAN, DIRECTOR OF FINANCE, MARK ROUSSEY, ASSOCIATE EXECUTIVE DIRECTOR, JOYCE MALONE, DIRECTOR OF GENERAL SERVICES, AND WENDY KELLY, DIRECTOR OF HUMAN RESOURCES, ARE LEASED EMPLOYEES FROM THE MANAGEMENT COMPANY. THE FILING ORGANIZATION REIMBURSES THE MANAGEMENT COMPANY FOR THEIR COMPENSATION WHICH IS REPORTED ON FORM 990, PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 6 OAK CREST VILLAGE, INC.'S SOLE MEMBER IS NATIONAL SENIOR CAMPUSES, INC. ("NSC"). NSC IS A MARYLAND NON-STOCK CORPORATION. NSC IS A "SUPPORTING ORGANIZATION" WITH RESPECT TO OAK CREST VILLAGE, AS WELL AS CERTAIN OTHER ORGANIZATIONS SPECIFIED IN ITS GOVERNING DOCUMENTS. AS REQUIRED BY THE REGULATIONS RELATING TO "SUPPORTING ORGANIZATIONS," CERTAIN MEMBERS OF THE BOARD OF DIRECTORS OF NSC WILL ALSO BE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE NATIONAL SENIOR CAMPUSES, INC. BOARD OF DIRECTORS APPOINTS THE DIRECTORS OF OAK CREST VILLAGE WHO HAVE BEEN NOMINATED BY THE OAK CREST VILLAGE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN EXTRAORDINARY ACTIONS OF THE CORPORATION REQUIRE THE APPROVAL OF THE MEMBER UNDER APPLICABLE STATE LAW. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD APPOINTS A COMMITTEE FROM AMONG ITS DIRECTORS AS WELL AS THE DIRECTORS FROM ONE OR MORE RELATED ENTITIES TO OVERSEE THE PREPARATION OF FORM 990. THE BOARD CHAIR HAS THE RESPONSIBILITY TO REVIEW FORM 990 PRIOR TO ITS FILING OR TO DESIGNATE ANOTHER BOARD MEMBER TO REVIEW THE FORM. THE FULL BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FINAL VERSION OF FORM 990 BEFORE IT IS FILED AND ASK QUESTIONS OF THE COMMITTEE OR THE REVIEWER REGARDING THE FORM. THE BOARD CHAIR DESIGNATES AN OFFICER TO SIGN FORM 990. FORM 990, PART VI, SECTION B, LINE 12C OAK CREST VILLAGE, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER OAK CREST VILLAGE, INC.'S AFFAIRS, COMMITTEE MEMBERS, PROSPECTIVE DIRECTORS, AND SENIOR STAFF PROVIDING SERVICES TO THE ORGANIZATION UNDER A MANAGEMENT AGREEMENT. EACH COVERED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND AS POTENTIAL CONFLICTS ARISE DURING THE YEAR. THESE STATEMENTS ARE REVIEWED BY THE BOARD CHAIR. IF THE CONFLICT INVOLVES A COVERED EMPLOYEE, THE CHAIR DETERMINES WHETHER A CONFLICT EXISTS AND, IF SO, HOW IT IS TO BE HANDLED, OR THE CHAIR MAY REFER THE MATTER TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FOR ALL OTHER CONFLICTS, THE BOARD OF DIRECTORS OR A COMMITTEE OF DISINTERESTED DIRECTORS WILL DETERMINE WHETHER A CONFLICT ACTUALLY EXISTS. A COVERED PERSON MAY NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE BY THE BOARD BUT MAY ANSWER QUESTIONS OR PROVIDE CLARIFYING INFORMATION UNLESS ANY BOARD MEMBER OBJECTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS APPROVED A DIRECTORS' COMPENSATION POLICY WHICH ESTABLISHES THE PROCESS BY WHICH ALL DIRECTOR COMPENSATION IS DETERMINED. OFFICERS SERVE WITHOUT COMPENSATION. A REVIEW OF THE DIRECTORS' COMPENSATION IS CONDUCTED EACH FISCAL YEAR. COMPENSATION IS APPROACHED ON AN OVERALL BASIS AND THE TOTAL VALUE OF ALL FORMS OF COMPENSATION IS ESTABLISHED AND MONITORED. AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY RETAINED TO PERFORM AN ANALYSIS OF OAK CREST VILLAGE, INC.'S COMPENSATION USING COMPARABLES OF BOTH FOR-PROFIT AND NON-PROFIT PEERS. A COMMITTEE OF THE NSC BOARD REVIEWS THE CONSULTANT'S REPORT AND MAKES A RECOMMENDATION TO THE ORGANIZATION AS TO APPROPRIATE COMPENSATION OF DIRECTORS. THE FULL BOARD HAS ACCESS TO OAK CREST VILLAGE INC.'S CONSULTANT'S REPORT AND AN OPPORTUNITY TO QUESTION THE CONSULTANT ABOUT THE PROCESS, METRICS, AND COMPARABLES THAT WERE USED IN DETERMINING THE RECOMMENDED COMPENSATION. THE BOARD THEN VOTES ON THE COMPENSATION RECOMMENDATIONS AND A CONTEMPORANEOUS RECORD IS MADE OF THE MEETING AND THE VOTE. THE CONSULTANT REVIEW WAS LAST UNDERTAKEN IN 2012 AND WAS ACTED UPON BY THE BOARD IN EARLY 2013. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EXECUTIVE DIRECTOR'S OFFICE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN BUSINESS TRUST 1,420,893. OAK CAMPUS PARTNERS LLC 8800 WALTHER BLVD PARKVILLE MD 21234 521904940 OWNER OF LAND AND BUILDING MD 0 303000000 OAK CREST VILLAGE INC ASHBY PONDS INC 21170 ASHBY PONDS BLVD ASHBURN VA 20147 205609803 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 BROOKSBY VILLAGE INC 100 BROOKSBY VILLAGE DRIVE PEABODY MA 01960 522126755 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 CEDAR CREST VILLAGE INC 1 CEDAR CREST VILLAGE DRIVE POMPTON PLAINS NJ 07444 522184915 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 EAGLE'S TRACE INC 14703 EAGLE VISTA DRIVE HOUSTON TX 77077 030498683 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 FOX RUN VILLAGE INC 41000 13 MILE ROAD NOVI MI 48377 522291271 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 ANN'S CHOICE INC 10000 ANNS CHOICE WAY WARMINSTER PA 18974 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HICKORY CHASE INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 208991395 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HIGHLAND SPRINGS INC 8000 FRANKFORD ROAD DALLAS TX 75252 510536892 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 LINDEN PONDS INC 300 LINDEN PONDS WAY HINGHAM MA 02043 141849849 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 MARIS GROVE INC 100 MARIS GROVE WAY GLEN MILLS PA 19342 550878964 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 NATIONAL SENIOR CAMPUSES INC 5425 WISCONSIN AVE SUITE 600 CHEVY CHASE MD 20815 204356247 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 NATIONAL SENIOR CAMPUSES FOUNDATION INC 5425 WISCONSIN AVE SUITE 600 CHEVY CHASE MD 20815 030611973 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 RIDERWOOD VILLAGE INC 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 522126753 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 SEABROOK VILLAGE INC 3000 ESSEX ROAD TINTON FALLS NJ 07753 522126751 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 TALLGRASS CREEK INC 13800 METCALF AVENUE OVERLAND PARK KS 66223 870765641 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 WIND CREST INC 3235 MILL VISTA ROAD HIGHLANDS RANCH CO 80129 510549976 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 GREENSPRING VILLAGE INC 7440 SPRING VILLAGE DRIVE SPRINGFIELD VA 22150 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 LANTERN HILL INC 535 MOUNTAIN AVENUE NEW PROVIDENCE NJ 07974 371742780 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0