2014-10-27T09:51:18-05:00 2014-06-30 593070669 MOORE STEPHENS LOVELACE PA 311 PARK PLACE BLVD SUITE 100 CLEARWATER FL 33759 990 2013-07-01 590624420 PENNEY RETIREMENT COMMUNITY INC PENN 9042848200 P O BOX 555 PENNEY FARMS FL 320790555 TERESA SCOTT PRESIDENT 9042848200 2014-10-27 1 MELANIE A MCPEAK P01346034 7275314477 2013 2015-11-30 17:44:51Z TERESA SCOTT P O BOX 555 PENNEY FARMS FL 320790555 12401678 0 X WWW.PENNEYRETIREMENTCOMMUNITY.ORG X 1965 FL PENNEY RETIREMENT COMMUNITY SERVES SENIORS WHO DESIRE TO LIVE THE FINAL THIRD OF THEIR LIVES IN A CHRISTIAN ENVIRONMENT. PROGRAMS AND SERVICES, INCLUDING HEALTH CARE, ARE PROVIDED TO ENHANCE DAILY LIVING AND DIMINISH FEARS OF THE FUTURE. 18 18 260 282 0 0 436247 682671 10559207 11185505 204584 486519 42406 46983 11242444 12401678 0 0 0 0 5630840 6120120 0 0 0 5355870 5954382 10986710 12074502 255734 327176 36274892 38019362 25086055 26317502 11188837 11701860 PENNEY RETIREMENT COMMUNITY IS AN INCLUSIVE CHRISTIAN COMMUNITY SEEKING THE ABUNDANT LIFE IN RETIREMENT LIVING. 0 0 10750156 11232488 THE ORGANIZATION PROVIDES HOUSING, HEALTH CARE AND OTHER RELATED SERVICES THROUGH THE OPERATION OF A RETIREMENT COMMUNITY. THE COMMUNITY INCLUDES 289 APARTMENTS AND HOMES, A 20-BED ALZHEIMER'S HEALTHCARE CENTER, 55 INDEPENDENT LIVING UNITS OFFERING ASSISTIVE SERVICES AND A LICENSED SKILLED NURSING CENTER WITH A CAPACITY OF 40 RESIDENTS. THE COMMUNITY ALSO INCLUDES RECREATIONAL AMENITIES, INCLUDING A NINE-HOLE GOLF COURSE, INDOOR SWIMMING POOL, FITNESS CENTER, ART STUDIO, CRAFT FACILITIES, LIBRARIES AND DINING FACILITIES. 10750156 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 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 1 0 0 0 0 1 98 0 1 260 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TERESA SCOTT 9042848200 PO BOX 555 PENNEY FARMS FL 32079 VIOLA M ANDERSON DIRECTOR 2.00 X 0 0 0 JAMES A CHESTER DIRECTOR/TREASURER 2.00 X X 0 0 0 MARGARET DODDS DIRECTOR 2.00 X 0 0 0 T KIPP GORDON DIRECTOR 2.00 X 0 0 0 MICHAEL T HAMMOCK DIRECTOR/CHAIRMAN 2.00 X X 0 0 0 DAVID A MCINNES DIRECTOR 2.00 X 0 0 0 FRANCES L IRVINE DIRECTOR/FIRST VICE CHAIR 2.00 X X 0 0 0 WALTER I JACOBY DIRECTOR/SECOND VICE CHAIR 2.00 X X 0 0 0 EDWIN RUSSELL MEGONEGAL DIRECTOR 2.00 X 0 0 0 CATHERINE G PARROTT DIRECTOR 2.00 X 0 0 0 DR WILLIAM L PROCTOR DIRECTOR 2.00 X 0 0 0 WARREN W STEVENSON DIRECTOR 2.00 X 0 0 0 JERRY K WILLIAMS DIRECTOR 2.00 X 0 0 0 DAVID L ALLEN DIRECTOR 2.00 X 0 0 0 NORMAN S BEYER SECRETARY 2.00 X X 0 0 0 BURNEY BIVENS ESQ DIRECTOR 2.00 X 0 0 0 SANDRA B BONNA DIRECTOR 2.00 X 0 0 0 JOHN C MYERS III DIRECTOR 2.00 X 0 0 0 JAMES M WEBB DIRECTOR 2.00 X 0 0 0 PEARL G BOLES DIRECTOR 2.00 X 0 0 0 ALISON E HICKMAN DIRECTOR 2.00 X 0 0 0 DAVID J QUIRK DIRECTOR 2.00 X 0 0 0 VERNON K SMITH DIRECTOR 2.00 X 0 0 0 WILLIAM K WATERSTON DIRECTOR 2.00 X 0 0 0 GEORGE D WEST DIRECTOR 2.00 X 0 0 0 ROBERT R RIGEL PRESIDENT 40.00 X 146450 0 23397 WILLIAM D FISH CHIEF FINANCIAL OFFICER 40.00 X 88323 0 12802 TERESA SCOTT PRESIDENT 40.00 X 0 0 0 234773 0 36199 1 0 1 0 JAMES DEAN MASONRY INC 3750 CR 315-A GREEN COVE SPRINGS FL 32043 CONSTRUCTION/RENOVATION 366952 CHANEY'S HOME IMPROVEMENT 116 N ORANGE AVE GREEN COVE SPRINGS FL 32043 CONSTRUCTION/RENOVATION 123820 2 682671 898 682671 NURSING 623000 5393768 5393768 HOUSING 623000 4646578 4646578 RESIDENTS SERVICE 623000 572854 572854 FOOD SERVICE 623000 562184 562184 OTHER 623000 10121 10121 11185505 166171 166171 320348 0 320348 320348 320348 OTHER INCOME 623000 46983 46983 46983 12401678 11232488 0 486519 277640 277640 4496004 4091403 404601 167264 163707 3557 788284 708687 79597 390928 342934 47994 54230 54230 455966 376617 79349 15111 15111 77052 50912 26140 1236817 1088223 148594 3478 3478 418128 418128 1856986 1779357 77629 231606 218638 12968 FOOD 520972 519812 1160 EQUIPMENT RENTAL & MAIN 380067 367728 12339 SUPPLIES 284422 284422 PHARMACY 197515 197515 222032 142073 79959 12074502 10750156 1324346 0 215822 402332 14261 3313 1043943 605020 117263 120596 890 0 47853998 22260690 24638745 25593308 10191987 11260634 51981 34159 36274892 38019362 955044 959178 16483403 17928293 4165000 3955000 3482608 3475031 25086055 26317502 X 9143533 9532203 903185 891632 1142119 1278025 11188837 11701860 36274892 38019362 327176 185847 0 X X 0 1 X 1 0 X 489071 859702 423362 436247 682671 2891053 8846845 9197976 9683534 10559207 11185505 49473067 9335916 10057678 10106896 10995454 11868176 52364120 0 366245 229881 306801 853447 763545 2519919 366245 229881 306801 853447 763545 2519919 49844201 63809 188654 179905 145936 166171 744475 63809 188654 179905 145936 166171 744475 24706 35011 45458 42406 46983 194564 9424431 10281343 10332259 11183796 12081330 53303159 0.93510 0.94180 0.01400 0.01290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1142119 135906 1278025 1084710 57409 1142119 1111681 -26971 1084710 963628 148053 1111681 864947 98681 963628 1.00000 0 0 1547620 1547620 40998766 19177901 21820865 3822083 2796032 1026051 1485529 286757 1198772 25593308 CASH AND CASH EQUIVALENTS 3307872 F U.S. GOVERNMENT AND AGENCY OBLIGATIONS 2288435 F DEBT SECURITIES 768309 F MUTUAL FUNDS - EQUITY SECURITIES 2417362 F MUTUAL FUNDS - DEBT SECURITIES 2160766 F BOND FUNDS 317890 F 11260634 DEPOSITS 295950 REFUNDABLE ENTRANCE FEES 257232 CHARITABLE ANNUITY OBLIGATION 457929 ACCRUED GIFT BONDS 2463920 3475031 12120868 175382 175382 11945486 456192 456192 12401678 11561702 0 11561702 512800 512800 12074502 PART V, LINE 4: THE COMMUNITY'S SPENDING POLICY OBJECTIVE IS TO PROTECT THE VALUE AND GROW THE ENDOWMENT FUNDS TO PROVIDE FUTURE CASH FLOWS FOR OPERATONS, GIFT BOND REDEMPTIONS AND OTHER STIPULATED PURPOSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS AID FUND OF PRC, LLC - TOTAL REVENUE 166,598. ASSOCIATION OF PRC RESIDENTS, LLC - TOTAL REVENUE 289,594. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS AID FUND OF PRC, LLC - TOTAL EXPENSES 256,341. ASSOCIATION OF PRC RESIDENTS, LLC - TOTAL EXPENSES 256,459. X X X 0 0 0 0 0 0 0 0 0 ROBERT R RIGEL PRESIDENT 146450 0 0 0 0 0 7383 0 16014 0 169847 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 PER PRC POLICY, THE BOARD CHAIRMAN WILL REVIEW THE ENTIRE FORM 990 WITH ALL BOARD MEMBERS BEFORE IT IS FILED WITH THE IRS. THE CHAIRMAN WILL CONFIRM IN WRITING THAT THE 990 WAS REVIEWED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO AFFIRM ANNUALLY IN WRITING THAT THEY ARE NOT AWARE OF ANY CONFLICTS OF INTEREST WITHIN THE ORGANIZATION. EMPLOYEES SIGN THAT THEY HAVE READ THE POLICY UPON HIRE. THE POLICY IS REVIEWED PERIODICALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S COMPENSATION POLICY REQUIRES THE PRESIDENT'S COMPENSATION BE DETERMINED BY THE DIRECTORS USING COMPARABILITY DATA GATHERED FROM OTHER RETIREMENT COMMUNITIES. ALL DIRECTORS ARE INDEPENDENT WITH REGARD TO THE COMPENSATION AND THE DELIBERATION AND DECISION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE CORPORATE OFFICE UPON REQUEST. FORM 990, PART XII, LINE 2C OVERSIGHT OF THE AUDIT: THE ORGANIZATION'S AUDIT COMMITTEE IS RESPONSIBLE FOR THE SELECTION, MONITORING AND EVALUATION OF AN INDEPENDENT AUDIT FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. ASSOCIATION OF PENNEY RETIREMENT COMMUNITY RESIDENTS LLC PO BOX 555 PENNEY FARMS FL 32079 273142533 SUPPORT THE RESIDENTS OF PENNEY RETIREMENT COMMUNITY FL 289594 291004 PENNEY RETIREMENT COMMUNITY RESIDENTS' AID FUND OF PENNEY RETIREMENT COMMUNITY LLC PO BOX 555 PENNEY FARMS FL 32079 SUPPORT THE RESIDENTS OF PENNEY RETIREMENT COMMUNITY FL 166598 191759 PENNEY RETIREMENT COMMUNITY