2014-01-29T14:53:53-06:00 2013-06-30 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2012-07-01 232132688 ELM TERRACE GARDENS ELMT 2153615664 660 N BROAD STREET LANSDALE PA 19446 ROBERT C MCLAIN 2153615664 2014-01-29 1 JULIUS GREEN CPA P00350393 2159720701 2012 2015-11-30 17:44:51Z TIMOTHY MURPHY 660 N BROAD STREET LANSDALE PA 19446 15994066 0 X WWW.ETG-CCRC.ORG X 1979 PA PROVIDES QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS. 11 11 186 138 0 0 43546 52634 13716068 15205268 333 63618 153700 186911 13913647 15508431 0 0 0 0 5244842 5670090 0 0 0 7315007 7642685 12559849 13312775 1353798 2195656 25594602 27201975 22188317 21568961 3406285 5633014 ELM TERRACE GARDENS STRIVES TO PROVIDE QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO ITS RESIDENTS. 0 0 11743295 0 15205268 ELM TERRACE GARDENS OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 72-BED NURSING FACILITY, A 57-BED PERSONAL CARE FACILITY, AND 128 INDEPENDENT LIVING APARTMENTS. THE COMPANY'S OPERATIONS ARE LOCATED IN LANSDALE, PENNSYLVANIA. APPROXIMATELY 275 RESIDENTS WERE SERVED DURING THE YEAR. 11743295 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 186 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 0 1 1 0 PA X ROBERT C MCLAIN VPCFO 2153615664 660 N BROAD STREET LANSDALE PA 19446 CLIFFORD T STOUT 2.00 X X 0 0 0 DIL KULATHUM 2.00 X X 0 0 0 JOHN HENLEY 2.00 X X 0 0 0 HAROLD MATHUES 2.00 X X 0 0 0 REV DR KENT BERGHUIS 2.00 X 0 0 0 DR JACKIE CANNON 2.00 X 0 0 0 DON HELPA 2.00 X 0 0 0 QUINCY LONGACRE 2.00 X 0 0 0 ELIZABETH A SMITH 2.00 X 0 0 0 JACQUELINE SHAFER 2.00 X 0 0 0 KATHRYN TATUM 2.00 X 0 0 0 TIMOTHY MURPHY 40.00 X 161455 0 18958 ROBERT MCLAIN 40.00 X 135506 0 21360 296961 0 40318 2 0 1 0 MORRISON SENIOR DINING PO BOX 102289 ATLANTA GA 30368 FOOD SERVICE 2267795 GENESIS REHAB PO BOX 7777 PHILADELPHIA PA 19175 REHAB SERVICES 796180 CONTRACT PHARMACY SERVICES 125 TITUS AVENUE WARRINGTON PA 18976 PHARMACY SERVICES 269168 3 52634 52634 NET RESIDENT SERVICE REVENUE 623000 15205268 15205268 15205268 35036 35036 108702 37962 70740 70740 70740 463758 435176 28582 28582 28582 34623 12497 22126 22126 GUEST QUARTERS & MEALS 623000 27363 27363 TELEPHONE REVENUE 623000 20113 20113 BARBER & BEAUTY REVENUE 623000 19597 19597 26972 26972 94045 15508431 15205268 0 250529 X 376546 376546 4306258 3787295 518963 84942 84362 580 487366 441969 45397 414978 307501 107477 92604 92604 25800 25800 828 828 3661855 3661855 94426 94426 321551 225207 96344 79910 79910 851100 851100 29178 22831 6347 6906 6906 349417 349417 1042664 1042664 85068 85068 MEDICAL SUPPLIES 436856 436856 PA NURSING HOME ASSESSM 180674 180674 REPAIRS 165257 165257 LICENSES AND FEES 97457 11451 86006 121134 89788 31346 13312775 11743295 1569480 0 300 300 291604 1447116 918 918 1247056 1170186 26974 20431 109770 133854 33116985 10630814 22537978 22486171 1303243 1878329 76759 64670 25594602 27201975 843531 993045 135429 247517 10903547 10220563 401997 0 9903813 10107836 22188317 21568961 X 3406285 5633014 3406285 5633014 25594602 27201975 2195656 31073 0 X 0 1 X 1 0 X 34148 42556 94401 43456 52634 267195 11935566 12881059 13022546 13785663 15205268 66830102 11969714 12923615 13116947 13829119 15257902 67097297 850 750 600 2200 0 850 750 600 2200 67095097 80430 80072 108724 87232 143738 500196 80430 80072 108724 87232 143738 500196 24185 20173 50350 59992 128668 283368 12074329 13023860 13276021 13976343 15530308 67880861 0.98840 0.99040 0.00740 0.00700 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2008 AMOUNT: $ 24,185. 2009 AMOUNT: $ 20,173. 2010 AMOUNT: $ 4,934. 2011 AMOUNT: $ 5,146. 2012 AMOUNT: $ 7,451. GUEST QUARTERS MEALS - 2010 AMOUNT: $ 20,797. 2011 AMOUNT: $ 25,697. 2012 AMOUNT: $ 27,363. STORE INVENTORY - 2010 AMOUNT: $ 24,619. 2011 AMOUNT: $ 29,149. 2012 AMOUNT: $ 34,623. TELEPHONE REVENUE - 2012 AMOUNT: $ 20,113. BARBER AND BEAUTY SHOP - 2012 AMOUNT: $ 19,597. TRANSPORTATION REVENUE - 2012 AMOUNT: $ 10,599. LAUNDRY REVENUE - 2012 AMOUNT: $ 8,922. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 828 828 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE ORGANIZATION IS A MEMBER OF AND PAYS DUES TO LEADINGAGE AND LEADINGAGE PA, TWO ORGANIZATIONS WHICH ADVOCATE FOR SENIOR CITIZENS. A PORTION OF THE DUES IS ALLOCATED TO LOBBYING EXPENSES. 1402768 1402768 30370901 9112884 21258017 1343316 1517930 -174614 22486171 REFUNDABLE FEES AND DEPOSITS 362662 DEFERRED REVENUE FROM ENTRANCE FEES 9745174 10107836 X 15493128 31073 -46376 -15303 15508431 0 15508431 13266399 0 13266399 46376 46376 13312775 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COMPANY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2013 AND 2012. THE COMPANY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE YEARS PRIOR TO 2010 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -8,414. RENTAL EXPENSES -37,962. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 8,414. RENTAL EXPENSES 37,962. X X X 0 0 0 0 0 0 0 1 0 TIMOTHY MURPHY 147508 0 9787 0 4160 0 8977 0 9981 0 180413 0 0 0 ROBERT MCLAIN 118941 0 8887 0 7678 0 8628 0 12732 0 156866 0 0 0 PART I, LINE 7 THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PLAN FOR THE PRESIDENT AND THE CFO WHICH IS BASED ON QUANTITATIVE AND QUALITATIVE GOALS, INCLUDING MEETING OR EXCEEDING BUDGETED AMOUNTS, RESIDENT AND EMPLOYEE SATISFACTION, SURVEY COMPARISONS, COMPLIANCE WITH REGULATIONS AND ADHERENCE TO STRATEGIC PLANNING. THE INCENTIVE COMPENSATION CANNOT EXCEED 15% OF THE INDIVIDUAL'S BASE COMPENSATION. A NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2004-07-22 10000000 CONSTRUCTION AND REFINANCING 0 0 0 B NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2007-03-21 4885000 CONSTRUCTION AND REFINANCING 0 0 0 A 3494900 10000000 1315000 8685000 2004 1 0 1 1 B 1169537 4885000 200000 4685000 2007 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 1 0 0 0 0 A 0 B 0 SCHEDULE K, PART V PROCEDURES TO UNDERTAKE CORRECTIVE ACTION THE ORGANIZATION HAS ALWAYS PRUDENTLY AND WITH DUE CARE MONITORED THE PROCEEDS OF THEIR TAX EXEMPT BOND ISSUES. THEY RECOGNIZE THE IMPORTANCE OF HAVING WRITTEN POLICIES AND ARE IN THE PROCESS OF CONFERRING THEIR PRACTICES INTO A MORE FORMAL, WRITTEN PROEDURE. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S CFO WILL PERFORM AN INITIAL REVIEW OF THE FORM 990. UPON HIS APPROVAL, THE BOARD OF DIRECTORS WILL RECEIVE COPIES OF THE RETURN BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 1. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY ARE NOT DELIBERATELY ENGAGED IN ANY ACTIVITIES WHICH CREATE A CONFLICT OF INTEREST. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY WILL DISCLOSE SUCH A CONFLICT OF INTEREST SHOULD IT ARISE. SUCH ATTESTATION IS DOCUMENTED ON THE "INDIVIDUAL STATEMENT REGARDING CONFLICT OF INTEREST" FORM. 2. EXECUTED ATTESTATIONS ARE FILED IN THE BOARD OF DIRECTORS FILE. 3. SHOULD A DIRECTOR (OR ANYONE ELSE) BELIEVE THAT THERE EXISTS A CONFLICT OF INTEREST OR A POTENTIAL FOR A CONFLICT OF INTEREST BETWEEN THE INTERESTS OF ELM TERRACE GARDENS AND ANY OTHER INTEREST A DIRECTOR MAY HAVE, SUCH IS BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IN WRITING. 4. THE EXECUTIVE COMMITTEE EVALUATES THE CONFLICT OR POTENTIAL CONFLICT TO DETERMINE WHETHER IT UNDERMINES THE DIRECTOR'S ABILITY TO SERVE. 5. SHOULD THE BOARD DETERMINE THAT THE DIRECTOR NOT BE REMOVED FROM OFFICE, THE DIRECTOR ABSTAINS FROM DISCUSSION OF AND VOTING ON ANY MATTER RELATED TO THE CONFLICT OR POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE PENNSYLVANIA LEADINGAGE SALARY SURVEY FOR SOUTHEASTERN PENNSYLVANIA AS WELL AS THE NY, NJ, AND PA REGIONAL LEADINGAGE AND HCS CCRC COMPENSATION SURVEYS IN DETERMINING ALL EMPLOYEE COMPENSATION. ALL COMPENSATION DECISIONS ARE DETERMINED TAKING INTO CONSIDERATION FAIR MARKET RANGES FOR THE INDUSTRY. THE COMPENSATION OF THE PRESIDENT IS APPROVED BY THE BOARD. THE PRESIDENT, IN TURNS, DETERMINES COMPENSATION FOR OTHER KEY EMPLOYEES. ALL DECISIONS ARE DOCUMENTED, INCLUDING THE AWARDING OF INCENTIVE BONUSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENT IS INCLUDED IN THE DISCLOSURE STATEMENT PROVIDED TO EXISTING AND PROSPECTIVE RESIDENTS. OTHER FEES FORM 990, PART IX, LINE 11G MSD CONTRACT : PROGRAM SERVICE EXPENSES 2,357,874. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,357,874. OCCUPATIONAL THERAPY SERVICES : PROGRAM SERVICE EXPENSES 321,914. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 321,914. PHYSICAL THERAPY SERVICES : PROGRAM SERVICE EXPENSES 349,422. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 349,422. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 632,645. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 632,645. DOCUMENT RETENTION AND DESCTRUCTION POLICY: FORM 990, PART VI, SECTION B, LINE 14 THE ORGANIZATION IS IN THE PROCESS OF ESTABLISHING SUCH A POLICY AND ANTICIPATES RECEIVING BOARD APPROVAL WITHIN THE NEXT FISCAL YEAR. ONCE BOARD APPROVAL HAS BEEN RECEIVED, THE POLICY WILL BE IMPLEMENTED.