2014-08-11T11:27:52-05:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-01-01 237204803 RIVER TERRACE ESTATES INC RIVE 6154697015 400 CAYLOR BLVD BLUFFTON IN 46714 DAVID STEWART CEO 6154697015 2014-08-07 1 JEFF VRIEZE P01273590 6123764500 2013 2015-11-30 17:44:51Z DAVID STEWART 2517 MYERS PARK CT BRENTWOOD TN 37027 6361331 0 X WWW.RIVERTERRACEESTATES.NET X 1971 IN TO PROVIDE HOUSING AND HEALTH CARE SERVICES FOR BLUFFTON AREA SENIOR CITIZENS. 5 0 0 5 0 0 92974 205565 5645603 6078439 25269 1093 50930 52192 5814776 6337289 0 0 0 0 0 0 0 0 0 6452927 6902418 6452927 6902418 -638151 -565129 14549382 13723901 23290790 23505840 -8741408 -9781939 X RIVER TERRACE ESTATES, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED EXPRESSLY FOR THE PURPOSE OF DEVELOPING, OWNING, AND OPERATING A SENIOR LIVING COMMUNITY NEAR BLUFFTON, INDIANA, TO PROVIDE HOUSING AND HEALTH CARE SERVICES AND INCREASE THE FINANCIAL SECURITY FOR BLUFFTON AREA SENIOR CITIZENS. 0 0 3046641 0 3532291 RIVER TERRACE ESTATES, INC. (RTE) OFFERS INDEPENDENT LIVING, ASSISTED LIVING, AND MEMORY SUPPORT SERVICES TO RESIDENTS FACING THE CHALLENGES OF AGING, ALZHEIMER'S DISEASE AND OTHER FORMS OF DIMENTIA. RTE SERVED 85 RESIDENTS IN 2013 WITH APPROXIMATELY 15% OF THESE RESIDENTS RECEIVING A SUBSIDY THROUGH ONE OF THE PROGRAMS RTE IS INVOLVED WITH, SUCH AS THE GOOD NEIGHBOR FUND. 2196082 0 2546148 RTE OFFERS SKILLED NURSING SERVICES IN A 30 BED UNIT TO RESIDENTS REQUIRING EXTENDED CARE TO MANAGE CHRONIC MEDICAL CONDITIONS AND/OR REHABILITATION SERVICES. RTE SERVED 65 RESIDENTS DURING 2013 WITH APPROXIMATELY 27% OF THESE RESIDENTS HAVING INCOME BELOW THE FEDERAL POVERTY LINE. 5242723 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 1 1 1 0 0 1 21 0 0 0 0 0 0 0 1 1 0 0 0 0 X 5 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 IN X DAWN FRAUHIGER 2608248940 400 CAYLOR BLVD BLUFFTON IN 46714 MICHAEL ROSEN CHAIRMAN 0.50 1.00 X X 0 0 0 FRED BROWN SECRETARY 0.50 1.00 X X 0 0 0 PAUL SANDERS DIRECTOR 0.50 1.00 X 0 0 0 SHERRY WHEATON DIRECTOR 0.50 1.00 X 0 0 0 FELIX FRARACCIO DIRECTOR 0.50 1.00 X 0 0 0 TONY MUNDELL CONTRACTED EXECUTIVE DIREC 40.00 0.00 X 0 0 0 DAVID STEWART CEO 5.00 41.00 X 0 194013 21995 NICOLE MELCHING EXECUTIVE DIRECTOR 40.00 0.00 X 0 15881 0 0 209894 21995 0 0 1 0 GREYSTONE MANAGEMENT SERVICES 222 W LAS COLINAS BLVD 2100 IRVING TX 75039 MANAGEMENT SERVICES 398257 REHAB CARE INC PO BOX 503534 ST LOUIS MO 631503534 THERAPY SERVICES 364952 2 60000 145565 205565 HOUSING RENTAL 900099 3209837 3209837 HEALTH CARE CENTER 900099 1422930 1422930 ANCILLARY SERVICES REV 900099 1123218 1123218 ENTRANCE FEES 900099 322454 322454 6078439 12910 12910 11817 -11817 -11817 -11817 12164 6533 5631 5631 4521 5692 -1171 -1171 MEAL REVENUE 900099 26413 26413 OTHER REVENUE 900099 8855 8855 CABLE REVENUE 900099 7489 7489 4975 4975 47732 6337289 6078439 0 53285 X 143909 143909 7010 4200 2810 28642 28642 3187444 2243834 943610 59892 59892 209833 143827 66006 2852 2852 282451 282451 56690 22159 34531 963813 962095 1718 504271 504271 66764 66764 THERAPY EXPENSES 333510 333510 RAW FOODS COST 309662 309662 OTHER EXPENSES 208946 62267 146679 REORGANIZATION EXPENSES 201905 201905 334824 307683 27141 6902418 5242723 1659695 0 136962 362218 0 199918 443685 341937 16195 15807 35373 44874 17028148 5182476 12173789 11845672 1265116 454163 471670 458939 6592 373 14549382 13723901 857926 899994 14335000 14000000 46391 8097864 8559455 23290790 23505840 X -8741408 -9781939 -8741408 -9781939 14549382 13723901 -565129 -87260 -388142 0 X 0 0 0 X 187999 57044 56556 92974 205565 600138 4924007 5314993 5432186 5645603 6095124 27411913 5112006 5372037 5488742 5738577 6300689 28012051 0 0 0 28012051 50926 33945 37185 34859 12910 169825 50926 33945 37185 34859 12910 169825 957 25 18429 64818 47732 131961 5163889 5406007 5544356 5838254 6361331 28313837 0.98930 0.98900 0.00600 0.00780 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME MEAL REVENUE CABLE REVENUE BARBER SHOP REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30780 30780 15842117 4151692 11690425 20062 504 19558 1124866 1030280 94586 10323 10323 11845672 RESIDENT DEPOSITS, NONREFUNDABLE 1017031 RESIDENT DEPOSITS, REFUNDABLE 2047778 DUE TO FOUNDATION 5494646 8559455 0 0 0 0 0 0 0 0 0 DAVID STEWART CEO 0 194013 0 0 0 0 0 5876 0 16119 0 216008 0 0 SCHEDULE J, PART 1, LINE 3 DAVID STEWART IS A VOLUNTEER TO RIVER TERRACE ESTATES, INC. AND IS NOT PAID BY RIVER TERRACE ESTATES, INC. HE IS EMPLOYED AND PAID BY THE FOUNDATION FOR HEALTH CARE CONTINUUMS. THE FOUNDATION FOR HEALTH CARE CONTINUUMS USES THE FOLLOWING WHEN DETERMINING COMPENSATION FOR OFFICERS AND EMPLOYEES: (1) COMPENSATION COMMITTEE (2) COMPENSATION SURVEY OR STUDY AND (3) APPROVAL BY BOARD OF DIRECTORS OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES TYPICAL PROPERTY MANAGEMENT FUNCTIONS TO AN INDEPENDENT THIRD PARTY MANAGER. THE ORGANIZATION'S CEO SUPERVISES THE MANAGERS' AND KEY EMPLOYEES' PERFORMANCE AND IS PAID BY A RELATED ORGANIZATION, THE FOUNDATION FOR HEALTH CARE CONTINUUMS. THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF AN UNRELATED MANAGEMENT COMPANY, GREYSTONE MANAGEMENT SERVICES CO. LLC, AND OVERSEES MANAGEMENT DUTIES, INCLUDING SUPERVISING PERSONNEL. THE MANAGEMENT AGREEMENT COMMENCED IN AUGUST 2002 AND HAS A TERM OF SIX YEARS WITH AN AUTOMATIC TWO-YEAR RENEWAL AFTER THE INITIAL TERM AND ANNUAL RENEWALS THEREAFTER, UNLESS EITHER PARTY TERMINATES WITHIN 60 DAYS OF EACH REVEWAL DATE. ALL OTHER SERVICES ARE PROVIDED BY EMPLOYEES OF MERIT RESOURCES, A PROFESSIONAL EMPLOYMENT AGENCY THAT IS UNRELATED TO THE FILING ORGANIZATION. RIVER TERRACE ESTATES REIMBURSES MERIT RESOURCES FOR SALARY RELATED EMPLOYMENT COSTS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE RETURN WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS REVIEWED BY THE ORGANIZATION'S CEO. SUBSEQUENT TO THIS REVIEW, THE COMPLETED AND FINAL FORM 990 IS PRESENTED TO THE FULL BOARD FOR REVIEW AND IS SUBSEQUENTLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES EACH DIRECTOR AND OFFICER TO SIGN A WRITTEN STATEMENT AND DISCLOSE ANY CONFLICT OF INTEREST. A COMPONENT OF THE POLICY REQUIRES THAT ANY DIRECTOR OR OFFICER WITH A CONFLICT IS PROHIBITED FROM VOTING ON ANY MATTER IN WHICH THERE IS A CONFLICT. THE CEO OF THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON A REGULAR BASIS AND THE BOARD OF DIRECTORS MONITORS THE CEO. FORM 990, PART VI, SECTION C, LINE 19 VARIOUS PUBLIC AND PRIVATE ENTITIES MAY REQUIRE THE FILING OF SUCH DOCUMENTS AS PART OF A REGULATORY OR CONTRACTUAL COMMITMENT, AND AS A RESULT OF SUCH OBLIGATIONS, CERTAIN MATERIALS MAY, IN FACT, BE AVAILABLE TO THE PUBLIC. FINANCIAL INFORMATION AS WELL AS DETAILED INFORMATION ABOUT THE ORGANIZATION IS MADE AVAILABLE TO RESIDENTS OF THE INDEPENDENT LIVING SECTION BY WAY OF A CONTINUING DISCLOSURE DOCUMENT. OUTSIDE SUCH DISCLOSURES, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT ROUTINELY MADE AVAILABLE BY THE ORGANIZATION TO THE PUBLIC. NOTABLY, FINANCIAL STATEMENTS, GOVERING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED TO BE DISCLOSED TO THE PUBLIC PURSUANT TO IRC SECTION 6104. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 102,356. MANAGEMENT AND GENERAL EXPENSES 19,562. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 121,918. OTHER SALARIES: PROGRAM SERVICE EXPENSES 2,118,686. MANAGEMENT AND GENERAL EXPENSES 674,231. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,792,917. OTHER BENEFITS: PROGRAM SERVICE EXPENSES 22,792. MANAGEMENT AND GENERAL EXPENSES 249,817. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 272,609. RIVER TERRACE ESTATES FOUNDATION PO BOX 443 BLUFFTON IN 46714 300000887 SUPPORT ORGANIZATION IN 501(C)(3) LINE 11A, I RIVER TERRACE ESTATES INC 1 ALZHEIMER'S DISEASE FOUNDATION PO BOX 443 BLUFFTON ID 46714 363336574 RESEARCH IN 501(C)(3) LINE 11A, I RIVER TERRACE ESTATES INC 1 FOUNDATION FOR HEALTH CARE CONTINUUMS 2517 MYERS PARK CT BRENTWOOD TN 37027 621611446 HEALTH CARE/ SENIOR LIVING TN 501(C)(3) LINE 9 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 ALZHEIMER'S DISEASE FOUNDATION INC C 60000 CASH RIVER TERRACE ESTATES FOUNDATION E 468359 BASED ON ACTUAL CASH LOANED FOUNDATION FOR HEALTH CARE CONTINUUMS O 216008 CEO SALARY AND BENEFITS