2015-11-12T14:01:04-06:00 2015-06-30 351489521 GREENWALT CPAS INC 5342 W VERMONT STREET INDIANAPOLIS IN 46224 990 2014-07-01 311002845 WESTMINSTER VILLAGE MUNCIE INC WEST 7652882155 5801 W BETHEL AVENUE MUNCIE IN 473049549 DALE E LINDLEY PRESIDENT 7852882155 2015-11-12 AMANDA MEKO CPA P01062615 3172412999 2014 2016-04-25 22:37:26Z DALE E LINDLEY 5801 W BETHEL AVENUE MUNCIE IN 473049549 12691376 0 X WWW.WVMUNCIE.COM X 1980 IN WESTMINSTER VILLAGE PROVIDES FULFILLING LIFE SERVICES AND EXCELLENT CONTINUING CARE EMPOWERING RESIDENTS TO EXPERIENCE AN EXCEPTIONAL QUALITY OF LIFE. 11 11 341 49 0 0 78367 82250 12486220 12446989 182935 51753 0 0 12747522 12580992 35000 35000 0 0 7641961 7807182 0 0 0 4673680 4485929 12350641 12328111 396881 252881 15524229 26120129 1344152 12812434 14180077 13307695 X WESTMINSTER VILLAGE PROVIDES FULFILLING LIFE SERVICES AND EXCELLENT CONTINUING CARE EMPOWERING RESIDENTS TO EXPERIENCE AN EXCEPTIONAL QUALITY OF LIFE. 0 0 11081040 35000 12446989 THERE HAVE BEEN APPROXIMATELY 475 RESIDENTS AND PATIENTS SERVED IN THIS FISCAL YEAR ENDED 6/30/2015.HOUSING - THE VILLAGE PROVIDES RESIDENTIAL FACILITIES THAT ARE DESIGNED TO MEET THE SPECIAL NEEDS OF THE ELDERLY INCLUDING: FULLY CARPETED APARTMENTS, CORRIDORS AND LOUNGES; MAINTENANCE FREE LIVING; BATHROOMS EQUIPPED WITH EMERGENCY CALL SYSTEMS AND GRAB-BARS; ELEVATORS FOR WHEELCHAIR USE; ON-SITE COMMERCIAL SERVICES INCLUDING A BANK, SUNDRY SHOP, BEAUTY SHOP AND DOCTOR'S OFFICE; OTHER AMENITIES INCLUDE THREE SELF-SERVE LAUNDRY ROOMS, A CHAPEL, LIBRARY, FOUR DINING ROOMS, FITNESS CENTER AND VARIOUS LOUNGES THROUGHOUT THE FACILITY.HEALTHCARE - THE VILLAGE PROVIDES FOR THE PHYSICAL, SOCIAL AND SPIRITUAL WELL-BEING OF RESIDENTS THAT INCLUDE: 24 HOUR NURSING STAFF IN RESIDENTIAL, ASSISTED LIVING, MEMORY CARE ASSISTED LIVING AND SKILLED HEALTH CARE CENTER; FREE WELLNESS/VITAL CHECKS; SCHEDULED PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND SPEECH THERAPY; EXERCISE CLASSES; VARIOUS SOCIAL, EDUCATIONAL AND INFORMATIVE ACTIVITIES; PRESCRIPTION DELIVERY SERVICES; BIBLE STUDY AND VESPERS SERVICES; 24 HOUR SECURITY TO FEEL COMFORTABLE AND SAFE; BUS TRANSPORTATION TO OUTSIDE APPOINTMENTS, SHOPPING, ACTIVITIES, ETC.FINANCIAL SECURITY - PAYMENT FOR SERVICES PROVIDED IS CRITICAL TO THE LONG-TERM OPERATION AND FINANCIAL STABILITY OF THE FACILITY. WHEN APPROPRIATE, THE VILLAGE PROVIDES FOR CONTINUING CARE OF THE VILLAGE RESIDENTS WHEN THEIR FINANCIAL RESOURCES TO PAY HAVE BEEN REDUCED DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL. DURING THE CURRENT YEAR, THE VILLAGE PROVIDED $83,000 OF DIRECT CHARITY CARE WRITE-OFFS. THE VILLAGE ALSO PROVIDES RESIDENTS ACCESS TO SHREDDING SERVICES (SECURE DOCUMENT DISPOSAL) TO REDUCE THE RISK OF IDENTITY THEFT AND LOSS OF PRIVACY AND/OR PROPERTY.SOCIAL ACCOUNTABILITY - IN ADDITION TO PROVIDING HOUSING, HEALTHCARE, AND FINANCIAL SECURITY TO THE VILLAGE RESIDENTS, AS A NOT-FOR-PROFIT ORGANIZATION, THE VILLAGE ALSO PROVIDES OR SPONSORS PROGRAMS AND SERVICES FOR THE BENEFIT OF THE GREATER COMMUNITY. LOCAL NOT-FOR-PROFIT ORGANIZATION SPONSORSHIPS AND UNDERWRITING INCLUDE:DONATED $20,000 TO MUNCIE FIRE DEPARTMENT FOR FIRE SERVICEDONATED $15,000 TO GASTON VOLUNTEER FIRE DEPARTMENT FOR FIRE SERVICESPONSOR MUNCIE MALL WALKERS INCLUDING BI-WEEKLY BLOOD PRESSURE CHECKSSPONSOR MINNETRISTA CULTURAL CENTER FREE SENIOR DAYSSPONSOR LIFESTREAM AGING WELL CONFERENCESPONSOR ALPHA CENTER ADULT DAY CARE FUNDRAISER - GOLD SPONSORSPONSOR MUNCIE MISSION 2 FUNDRAISERSSPONSOR SENIOR CITIZENS MUNCIE ENDURATHON FUNDRAISERSPONSOR SECOND HARVEST FOOD BANK FUNDRAISERSPONSOR ANNUAL MEETING AND MEMBER OF MUNCIE DELAWARE COUNTY CHAMBER OF COMMERCEMINNETRISTA GOLD SPONSOR PARTNERPARTICIPANT AT MARION/GRANT COUNTY SENIOR EXPOPARTICIPANT AT SENIOR CITIZENS HEALTH FAIRSPONSOR HEALTHSOURCE HEALTHCARE DIRECTORYSPONSOR CATALYST FOR EMPOWERING WOMEN & ATHENA AWARDSPONSOR A BETTER WAY FUNDRAISERSPONSOR LEGACY AWARD CHAMBER GALASPONSOR EXCHANGE CLUB FLAGS OF HONORSPONSOR LITTLE RED DOOR CANCER SERVICES FUNDRAISERSPONSOR MUNCIE SYMPHONY HOLIDAY CONCERTSPONSOR "FORWARD VISIONS" GOLF FUNDRAISER COMMUNITY ORGANIZATION9 EXPAND YOUR HORIZONS PROGRAMS OFFERED TO GENERAL PUBLIC8 TAKING CHARGE OF YOUR HEALTH PROGRAMS OFFERED TO GENERAL PUBLICTHE RESIDENTS' ASSOCIATION OF WESTMINSTER VILLAGE IS PROVIDED SPACE BY WESTMINSTER VILLAGE TO FURTHER THEIR PURPOSE AND ACTIVITIES. SOME OF THE ASSOCIATION ACTIVITIES INCLUDE: 1)PROVIDING TUITION ASSISTANCE GRANTS TO ENCOURAGE WESTMINSTER VILLAGE EMPLOYEES TO CONTINUE THEIR EDUCATION AT ACCREDITED INSTITUTIONS OF HIGHER LEARNING, 2)OPERATING A RESALE SHOP OFFERING ITEMS TO EMPLOYEES, RESIDENTS AND VISITORS AT AN AFFORDABLE PRICE, 3)MAINTAINING A MEMORIAL GARDEN TO HONOR DECEASED RESIDENTS WHO LIVED AT WESTMINSTER VILLAGE, 4)CONDUCTING THE SUNDAY VESPERS SERVICE, 5)PROVIDING ACTIVITIES TO HELP SUPPORT AND ENCOURAGE THOSE WHO LIVE IN OUR COMMUNITY, AND 6)OFFERING FINANCIAL ASSISTANCE TO OTHER CHARITABLE ORGANIZATIONS.AS THE ONLY NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY IN THE AREA AND THE ONLY NOT-FOR-PROFIT FACILITY IN DELAWARE COUNTY, WE HAVE TAKEN THE LEAD ROLE IN ORGANIZING, PROMOTING AND COORDINATING A MONTHLY HEALTH FACILITIES ADMINISTRATORS MEETING FOR 20 LONG-TERM CARE AND ASSISTED LIVING FACILITIES. THE PURPOSE OF THE MONTHLY ADMINISTRATORS MEETING IS TO EDUCATE AND INFORM ADMINISTRATORS AND OTHER STAFF MEMBERS ABOUT CURRENT ISSUES FACING ALL FACILITIES. THESE MEETINGS ARE INTENDED TO IMPROVE THE QUALITY OF LIFE FOR ALL RESIDENTS OF ALL PARTICIPATING FACILITIES. 11081040 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 341 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X CONNIE M TAYLOR 7652882155 5801 W BETHEL AVENUE MUNCIE IN 47304 DICK HUGHES CHAIRMAN 1.00 X X 0 0 0 MIKE GALLIHER VICE CHAIRMAN 1.00 X X 0 0 0 JOAN ANDERSON SECRETARY 1.00 X X 0 0 0 JERRY CHILDS TREASURER 1.00 X X 0 0 0 JAN ABBS DIRECTOR 1.00 X 0 0 0 DAVID GOBBLE DIRECTOR 1.00 X 0 0 0 CHARLIE HETRICK DIRECTOR 1.00 X 0 0 0 NORM BECK DIRECTOR 1.00 X 0 0 0 SUZANNE GRESHAM DIRECTOR 1.00 X 0 0 0 TERRY WALKER DIRECTOR 1.00 X 0 0 0 TOM SMITH DIRECTOR 1.00 X 0 0 0 DALE LINDLEY PRESIDENT 60.00 X 126900 0 6851 MARY JO CRUTCHER VICE PRESIDENT 60.00 X 117337 0 10997 CONNIE TAYLOR CONTROLLER 40.00 X 59244 0 2379 303481 0 20227 2 0 0 0 MKS MICHAEL KINDER AND SONS INC 5206 DECATUR ROAD FORT WAYNE IN 46806 LABOR AND MATERIAL FOR BUILDING PROJECT 6384746 MKM ARCHITECTURE & DESIGN 119 W WAYNE STREET FORT WAYNE IN 46802 PROFESSIONAL SERVICES 647813 PARAGON THERAPY 2701 CHESTNUT STATION COURT LOUISVILLE KY 40299 THERAPY SERVICE 530723 MCGUFF ROOFING PO BOX 911 MUNCIE IN 47308 LABOR AND MATERIAL FOR NEW ROOF 259000 OMNICARE INCORPORATED PO BOX 78000 DETROIT MI 48278 PHARMACY 197364 5 82250 82250 RESIDENT AND HEALTH CARE 623000 12419225 12419225 OTHER RESIDENT REVENUE 623000 27764 27764 12446989 67587 67587 94550 48297 62087 46253 -62087 -15834 -62087 46253 12580992 12384902 0 113840 35000 35000 337393 337393 6247947 5878484 369463 127128 120386 6742 596080 545295 50785 498634 446483 52151 12341 12341 36550 36550 15818 15818 779956 703324 76632 107783 107783 31118 13454 17664 127331 98555 28776 3265 3265 557652 526424 31228 10759 3487 7272 25065 14064 11001 1025436 968010 57426 166514 157007 9507 RAW FOOD 612872 612872 NURSING AND MEDICAL SUP 398033 398033 REPAIRS AND MAINTENANCE 336369 339359 -2990 OTHER SUPPLIES 223866 213131 10735 15201 4407 10794 12328111 11081040 1247071 0 683107 1292787 191521 273699 983087 909322 128692 113759 227708 195651 37263194 16946149 11047663 20317045 2251951 2636168 10500 381698 15524229 26120129 1089902 3267952 254250 325144 0 8160000 0 1059338 1344152 12812434 X 14130077 13257695 50000 50000 14180077 13307695 15524229 26120129 X 252881 -65925 -1059338 X X 0 1 X 1 0 X 92795 187450 85694 78367 82250 526556 10511817 10977473 11960538 12486220 12446989 58383037 10604612 11164923 12046232 12564587 12529239 58909593 0 0 0 58909593 38082 113819 15873 67182 67587 302543 38082 113819 15873 67182 67587 302543 10642694 11278742 12062105 12631769 12596826 59212136 0.99490 0.99480 0.00510 0.00520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 95500 X 0 50000 50000 50000 50000 50000 50000 50000 50000 50000 50000 1.00000 0 0 81635 339259 420894 21593592 13446786 8146806 4710977 3061216 1649761 10537731 438147 10099584 20317045 LIABILITY UNDER INTEREST RATE SWAP AGREEMENT 1059338 1059338 12577154 -65925 -65925 12643079 -62087 -62087 12580992 13449536 1121425 1121425 12328111 0 12328111 PART III, LINE 4: IN FISCAL YEAR 2012, THE VILLAGE RECEIVED A DONATION OF ARTWORK. THE ARTWORK IS DISPLAYED FOR THE ENJOYMENT OF THE RESIDENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT -62,087. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 62,087. UNREALIZED LOSS ON INTEREST RATE SWAP 1,059,338. 0 MUNCIE FIRE DEPARTMENT 300 N HIGH STREEET 2ND FLOOR MUNCIE IN 47305 366001127 N/A 20000 CASH DONATION SUPPORT LOCAL FIRE DEPARTMENT GASTON VOLUNTEER FIRE DEPARTMENT 105 N SYCAMORE STREET PO BOX 22 GASTON IN 47342 311039965 501 (C) 15000 CASH DONATION SUPPORT LOCAL FIRE DEPARTMENT 1 1 A INDIANA FINANCE AUTHORITY 351602316 2014-09-30 17000000 EXPANSION OF FACILITY AND REMODEL OF EXISTING FACILITY 0 0 0 A 8160000 340000 7376108 443892 0 0 0 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 1 FIRST MERCHANTS BANK 12.000000000000 0 0 0 0 0 A 0 PART II, LINE 3 EXPLANATION OF DIFFERENCE BETWEEN BOND ISSUE PRICE (PART I) AND THE TOTAL PROCEEDS OF BOND ISSUE (PART II, LINE 3): THE BOND IS A DRAW-DOWN LOAN WITHIN THE MEANING OF TREAS. REG. 1.150-1(C)(4)(I) FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED BY OUR CPA FIRM. THE PRESIDENT (WHO IS ALSO A CPA) THEN REVIEWS THE RETURN. A COPY IS ALSO GIVEN TO ALL BOARD MEMBERS, INCLUDING THE TREASURER, TO REVIEW. THE ORGANIZATION HAS AN AUDIT AND FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT. THE BOARD OF DIRECTORS MEETS BI-MONTHLY RECEIVING UPDATES FROM MANAGEMENT ON FINANCES, CENSUS, QUALITY MEASURES, CORPORATE COMPLIANCE OVERSIGHT, OPERATIONS AND FUTURE PLANNING. ON NON-MEETING MONTHS THE BOARD IS UPDATED ON FINANCES, CENSUS AND OPERATIONS IN WRITTEN FORM. THE BOARD OF DIRECTORS IS COMPRISED OF MEMBERS OF THE LOCAL COMMUNITY WITH THE FOLLOWING EXPERTISE: LEGAL, FINANCIAL/ACCOUNTING, BUSINESS MANAGEMENT, FACILITIES MANAGEMENT, TECHNOLOGY, PERSONNEL, MEDICAL, COMMUNITY, WELLNESS AND GERONTOLOGY. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIRMAN OF THE BOARD IS PROVIDED A SCHEDULE OF ALL DIRECTORS' CONFLICTS OF INTEREST STATEMENTS PRIOR TO EACH BOARD MEETING FOR THEIR REVIEW. EACH DIRECTOR AND KEY EMPLOYEE COMPLETES A CONFLICT OF INTEREST STATMENT ANNUALLY. ALL BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IF A POSSIBLE CONFLICT OF INTERST DOES ARISE, THE ISSUE IS VOTED ON ONLY BY MEMBERS THAT DO NOT HAVE AN INTEREST IN THE OUTCOME. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE SALARY DATA FOR SIMILAR POSITIONS, INDEPENDENTLY COMPILED BY AND PROVIDED BY LEADING AGE INDIANA AND LEADING AGE (NATIONAL), IS REVIEWED BY THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS FOR THE PRESIDENT, VICE PRESIDENT, AND FIVE OTHER TOP MANAGEMENT POSITIONS TO DETERMINE FAIR MARKET, REASONABLE COMPENSATION. SALARY AMOUNTS ARE THEN BASED UPON THIS SURVEY INFORMATION, AS WELL AS THE INDIVIDUAL'S EXPERIENCE, PERFORMANCE, LONGEVITY, AND THE ACCOMPLISHMENTS OF THE MANAGEMENT TEAM DURING THE PAST YEAR, IN ADDITION TO THE RESULTS OF THE ORGANIZATION'S OPERATIONS. THE BOARD OF DIRECTORS HAS FINAL APPROVAL AUTHORITY OVER THE SEVEN KEY EMPLOYEE POSITIONS. OTHER EMPLOYEES PAY RATES ARE DETERMINED BY INDIVIDUAL EVALUATIONS, PERFORMANCE, LONGEVITY AND LOCAL MARKET PAY RATES FOR SIMILAR POSITIONS. EACH RESPECTIVE SUPERVISOR/MANAGER RECOMMENDS INDIVIDUAL PAY RATES WHICH ARE THEN REVIEWED/APPROVED BY EITHER THE PRESIDENT OR VICE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 A PUBLIC INSPECTION FILE IS MAINTAINED BY THE ORGANZATION SHOULD ANYONE REQUEST THIS INFORMATION. THE ORGANIZATION'S FORM 990 IS ALSO ON THE GUIDESTAR WEBSITE (WWW.GUIDESTAR.ORG) THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY REGISTERED WITH THE SECURITIES DIVISION OF THE INDIANA SECRETARY OF STATE AS REQUIRED, THE ORGANZATION COMPLETES AND SUBMITS AN ANNUAL DISCLOSURE STATEMENT WITH THEIR OFFICE, WHICH INCLUDES THE PAST 3 YEARS ANNUAL AUDITED FINANCIAL STATEMENTS, IN ADDITION TO OTHER REQUIRED INFORMATION. THIS DISCLOSURE STATEMENT IS GIVEN TO ALL NEW RESIDENTS, AS WELL AS ANYONE REQUESTING A COPY. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -1,059,338. PART XII, LINE 2C NO CHANGE IN THE AUDIT OVERSIGHT PROCESS FROM PRIOR YEARS. THE AUDIT COMMITTEE ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.