2014-11-14T08:25:09-06:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 101 NORTH TRYON STREET SUITE 1000 CHARLOTTE NC 28246 990 2013-01-01 560547462 ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC ALDE 7045325211 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 LUTHER SHORT CHIEF FINANCIAL OFFICER 7045325211 2014-11-13 1 JOHN NORMAN P01506766 7049985200 2013 2015-11-30 17:44:51Z SUZANNE H PUGH 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 30459129 0 X WWW.ALDERSGATECCRC.COM X 1945 NC PROVISION OF EXCELLENT CONTINUING CARE SERVICES FOR OLDER ADULTS. 12 12 481 75 0 0 319385 1291109 27194452 26978346 983476 1709400 0 -295837 28497313 29683018 0 0 0 0 14501642 14340990 0 0 131141 13833675 14434066 28335317 28775056 161996 907962 77654610 83276867 74464365 77347842 3190245 5929025 ALDERSGATE IS A MINISTRY OF THE WESTERN NORTH CAROLINA CONFERENCE OF THE UNITED METHODIST CHURCH AND OFFERS EXCEPTIONAL QUALITY OF LIFE OPPORTUNITIES FOR OLDER ADULTS ACROSS A CONTINUUM OF HOUSING AND HEALTH CARE OPTIONS. 0 0 25137019 26978346 ALDERSGATE PROVIDES AFFORDABLE HOUSING, MEALS, SECURITY, ASSISTANCE WITH ESSENTIAL ACTIVITIES OF DAILY LIVING, SKILLED NURSING CARE, AND RELATED SERVICES DESIGNED SPECIFICALLY FOR SENIOR ADULTS WHILE OFFERING RELIGIOUS, CULTURAL, RECREATIONAL AND OTHER ACTIVITIES INCLUDING OPPORTUNITIES FOR COMMUNITY VOLUNTEERING AND TRANSPORTATION TO EVENTS AND APPOINTMENTS. SERVICES ARE PROVIDED 24 HOURS PER DAY. ALDERSGATE MAKES EVERY EFFORT TO CONTINUE PROVIDING SERVICES TO RESIDENTS WHO NEED SUPPLEMENTAL FINANCIAL ASSISTANCE. IN 2011, ALDERSGATE PROVIDED LAND AND/OR BUILDINGS AT NO COST TO THREE 501(C)(3) CHARITABLE ORGANIZATIONS AND ONE LOCAL GOVERNMENT AGENCY. THE ESTIMATED MARKET VALUE OF THE RENT CONCESSIONS PROVIDED IS $675,749. 25137019 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 72 0 481 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X LUTHER SHORT CHIEF FINANCIAL OFFICER 7045327000 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 ROY H WIGGINS CHAIR 10.00 X 0 0 0 WILLAM K SPRINGS VICE-CHAIR 10.00 X 0 0 0 JOYCE BROOKS BOARD MEMBER 5.00 X 0 0 0 REVEREND PATIENCE BRUMLEY BOARD MEMBER 2.00 X 0 0 0 RAYMOND CATHEY BOARD MEMBER 2.00 X 0 0 0 MARGARET FISHER BOARD MEMBER 2.00 X 0 0 0 SUSAN KEEVER BOARD MEMBER 2.00 X 0 0 0 JOSEPH A LIPE BOARD MEMBER 2.00 X 0 0 0 PETROLIA G NORMAN BOARD MEMBER 2.00 X 0 0 0 MARIE PEARCE BOARD MEMBER 2.00 X 0 0 0 REVEREND F OSCAR SMITH BOARD MEMBER 2.00 X 0 0 0 SUZANNE HODGE PUGH PRESIDENT 80.00 X 177748 0 5372 CALLIE V BAKER ADMISSIONS DIRECTOR 50.00 X 120027 0 0 CHARLES M HOLTZCLAW DIRECTOR OF MARKETING 45.00 X 110247 0 0 EMILY NUNN CHIEF OPERATING OFFICER 50.00 X 109679 0 0 YVETE PORTERFIELD DIRECTOR OF NURSING 50.00 X 104928 0 0 622629 0 5372 5 0 1 0 GENESIS ELDERCARE REHAB SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 PHYSICAL THERAPY 1914387 SODEXHO & AFFILIATES INC PO BOX 536972 ATLANTA GA 30355 FOOD AND ENVIRONMENTAL 453591 SOUTHERN PHARMACY PO BOX 382 PINK HILL NC 28205 PHARMACY SERVICES 453145 OMNI CARE INC PO BOX 715218 COLUMBUS OH 43271 PHARMACY SERVICES 281007 LANKFORD FLOORING & CONTRACTING 2117 NORTH DAVIDSON STREET CHARLOTTE NC 28205 CONSTRUCTION SERVICES 222662 5 1291109 1291109 RESIDENT REVENUE 623000 25364908 25364908 ENTRANCE FEES EARNED 623000 1402123 1402123 211315 211315 26978346 504496 504496 1981015 776111 1204904 1204904 1204904 LOSS ON EXTINGUISHMENT OF DEBT 900099 -295837 -295837 -295837 29683018 26682509 0 1709400 387694 387694 12161014 11322351 757221 81442 69054 63247 5807 928315 624800 303515 794913 708660 80224 6029 73555 73555 62000 62000 1650003 1104205 545798 309638 282938 26700 142785 15707 115669 11409 299877 299877 1672777 1632663 40114 47972 8952 35666 3354 39841 5122 32512 2207 1701261 1694247 7014 3957397 3655883 301514 292318 116540 175778 MEDICAL RX, SUPPLIES 4184642 4184642 28775056 25137019 3506896 131141 1800 1800 970659 4413576 1366172 1232603 91553 102527 288554 107184 99131176 49646318 51479535 49484858 21663702 26042000 1792635 1892319 77654610 83276867 1681840 2356556 5225144 5189038 33802065 37567114 33755316 32235134 74464365 77347842 X 516612 3626774 2067812 1688698 605821 613553 3190245 5929025 77654610 83276867 X 907962 1154030 676788 X X 0 1 X 1 0 X 614204 550375 535249 319385 1291109 3310322 23172597 25058029 26356325 27194452 26998346 128779749 23786801 25608404 26891574 27513837 28289455 132090071 8430 7242 3281 7470 3700 30123 291656 241139 60455 106926 700176 300086 248381 3281 67925 110626 730299 131359772 908045 1557028 703999 570676 504496 4244244 908045 1557028 703999 570676 504496 4244244 24694846 27165432 27595573 28084513 28793951 136334315 0.96350 0.95430 0.03110 0.03070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1508510 101908 1610418 1434667 73843 1508510 1403264 31403 1434667 1016977 728285 109707 451705 1403264 854598 162379 1016977 0 0 93672 93672 81343043 38515415 42827628 10713713 8447790 2265923 6980748 2683113 4297635 49484858 MUTUAL FUNDS 17858509 F ALETNATIVE INVESTMENTS 3027405 F EQUITIES 5093424 F CASH AND EQUIVALENTS 62662 F 26042000 ENTRANCE FEE DEPOSITS 3619 REFUNDABLE ENTRANCE FEES 32043028 ARO LIABILITY 164487 OTHER LT LIABILITIES 24000 32235134 X 29979879 636116 636116 29343763 339255 339255 29683018 28775056 0 28775056 0 28775056 PART V, LINE 4: THE ORGANIZATION USES ENDOWMENT FUNDS TOWARDS VARIOUS DONOR DESIGNATED PURPOSES INCLUDING FINANCIAL ASSISTANCE TO RESIDENTS UNABLE TO PAY AND EMPLOYEE TRAINING. PART X, LINE 2: SHOULD THE TAX-EXEMPT STATUS OF THE ORGANIZATION BE CHALLENGED IN THE FUTURE, THE 2010, 2011, AND 2012 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE ORGANIZATION ADOPTED ACCOUNTING GUIDANCE REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELEASES OF RESTRICTED NET ASSETS USED FOR SERVICES 636,116. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 280,024. RESTRICTED INVESTMENT INCOME 59,231. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER 1 X X X 0 0 0 0 0 0 0 0 0 SUZANNE HODGE PUGH PRESIDENT 177748 0 0 0 0 0 5372 0 0 0 183120 0 0 0 PART 1, LINE 2 ALL REIMBURSEMENT FOR OFFICERS, DIRECTORS, TRUSTEES, AND THE CEO/EXECUTIVE DIRECTOR ARE COMPILED BY THE EXECUTIVE ASSISTANT AND REVIEWED INDEPENDENTLY BY THE FINANCE DEPARTMENT FOR ACCURACY AND COMPLETION. A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2013-10-24 38025000 REFUND PRIOR BONDS ISSUED IN 2009 AND 2010 0 0 0 A 37565841 3474738 85879 33337834 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS FORM 990 AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS ARE COVERED AND SIGN THE CONFLICT OF INTEREST POLICY. ITEMS THAT REPRESENT MAJOR EXPENDITURES ARE SUBJECT TO A BID PROCESS WHERE THE LOWEST COST PROVIDER OF THE DESIRED SERVICE IS GENERALLY SELECTED. FORM 990, PART VI, SECTION B, LINE 15 ALL POSITIONS INCLUDING KEY EMPLOYEES IN THE COMPANY ARE COMPARED PERIODICALLY (GENERALLY ANNUALLY) TO WAGE DATA THAT IS DEVELOPED INDEPENDENTLY THROUGH A LOCAL EMPLOYERS ASSOCIATION. THE WAGES ARE REVIEWED TO SEE THAT THEY ARE COMPETITIVE IN THE LOCAL MARKET. COMPENSATION OF THE TOP MANAGEMENT OFFICIAL IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE FILED ANNUALLY WITH THE NORTH CAROLINA DEPARTMENT OF INSURANCE AND PUBLISHED ON ITS WEBSITE. THEY ARE ALSO PRINTED ANNUALLY IN STATUTORILY REQUIRED DISCLOSURE STATEMENTS WHICH ARE AVAILABLE TO THE PUBLIC. ARTICLES OF INCORPORATION ARE AVAILABLE ONLINE AT THE NORTH CAROLINA SECRETARY OF STATE WEBSITE. THE CONFLICTS OF INTEREST POLICY IS AVAILABLE FOR EXAMINATION UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 676,788. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAS ESTABLISHED ITS AUDIT COMMITTEE TO ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.