2014-11-05T11:06:26-06:00 2014-06-30 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2013-07-01 232132688 ELM TERRACE GARDENS ELMT 2153615664 660 N BROAD STREET LANSDALE PA 19446 ROBERT C MCLAIN VP/CFO 2153615664 2014-11-05 1 JULIUS GREEN CPA JD P00350393 2159720701 2013 2015-11-30 17:44:51Z TIMOTHY MURPHY 660 N BROAD STREET LANSDALE PA 19446 16230435 0 X WWW.ETG-CCRC.ORG X 1979 PA PROVIDES QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS. 12 12 240 120 0 0 52634 3500 15205268 15725889 63618 87736 186911 138304 15508431 15955429 0 0 0 0 5670090 6045826 0 0 0 7642685 7924080 13312775 13969906 2195656 1985523 27201975 29680042 21568961 22021818 5633014 7658224 ELM TERRACE GARDENS STRIVES TO PROVIDE QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO ITS RESIDENTS. 0 0 12238068 0 15725889 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 53-BED PERSONAL CARE FACILITY, AND 137 INDEPENDENT LIVING APARTMENTS. THE COMPANY'S OPERATIONS ARE LOCATED IN LANSDALE, PENNSYLVANIA. ITS PRIMARY SERVICE AREA INCLUDES LANSDALE, PENNSYLVANIA AND SURROUNDING COMMUNITIES IN MONTGOMERY COUNTY, PENNSYLVANIA. THE ORGANIZATION SERVED 274 RESIDENTS DURING THE FISCAL YEAR. 12238068 1 0 0 1 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 18 0 1 240 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 1 1 1 1 1 1 1 1 0 PA X ROBERT C MCLAIN VPCFO 2153615664 660 N BROAD STREET LANSDALE PA 19446 CLIFFORD T STOUT VICE CHAIRMAN 2.00 X X 0 0 0 DIL KULATHUM CHAIRMAN 2.00 X X 0 0 0 JOHN HENLEY DIRECTOR 2.00 X 0 0 0 HAROLD MATHUES TREASURER 2.00 X X 0 0 0 REV DR KENT BERGHUIS DIRECTOR 2.00 X 0 0 0 DON HELPA SECRETARY 2.00 X X 0 0 0 ELIZABETH A SMITH DIRECTOR 2.00 X 0 0 0 JACQUELINE SHAFER DIRECTOR 2.00 X 0 0 0 KATHRYN TATUM DIRECTOR 2.00 X 0 0 0 MARK KEMP DIRECTOR 2.00 X 0 0 0 MELISSA SMITH DIRECTOR 2.00 X 0 0 0 JIM WEIGNER DIRECTOR 2.00 X 0 0 0 TIMOTHY MURPHY PRESIDENT/CEO 40.00 X 179581 0 14364 ROBERT MCLAIN VP/CFO 40.00 X 165918 0 17654 MILDRED BUTLER-COLEMAN EXECUTIVE DIRECTOR 40.00 X 103744 0 9814 449243 0 41832 3 0 1 0 MORRISON SENIOR DINING PO BOX 102289 ATLANTA GA 30368 FOOD SERVICE 2601017 GENESIS REHAB PO BOX 821322 PHILADELPHIA PA 19175 THERAPY 770313 HORIZON GENERAL CONTRACTORS 305 N READING ROAD EPHRATA PA 17522 CONSTRUCTION 381839 CONTRACT PHARMACY SERVICES 125 TITUS AVENUE WARRINGTON PA 18976 PHARMACY SERVICES 244865 NURSING CARE SERVICES 2031 N BROAD ST LANSDALE PA 19446 AGENCY STAFF 208468 7 3500 3500 NET RESIDENT SERVICE REVENUE 623000 15725889 15725889 15725889 46496 46496 68411 33258 35153 35153 35153 267231 225991 41240 41240 41240 36950 15757 21193 21193 GUEST QUARTERS & MEALS 623000 20903 20903 BARBER & BEAUTY REVENUE 623000 19175 19175 TELEPHONE REVENUE 623000 17695 17695 24185 24185 81958 15955429 15725889 0 226040 X 387889 387889 4564563 3914830 649733 103708 99146 4562 579881 508195 71686 409785 286783 123002 50231 50231 34000 34000 527 527 3838857 3838857 97136 97136 302397 195881 106516 67889 67889 878246 878246 29800 24031 5769 9033 9033 318086 318086 1128820 1128820 106703 106703 MEDICAL SUPPLIES 452295 452295 PA NURSING HOME ASSES. 185536 185536 REPAIRS 183045 183045 LICENSES AND FEES 103723 9731 93992 137756 107883 29873 13969906 12238068 1731838 0 300 300 1447116 905560 918 918 1170186 1587340 20431 31895 133854 116713 34471393 11748295 22486171 22723098 1878329 4260887 64670 53331 27201975 29680042 993045 1204460 247517 251845 10220563 9559902 140476 10107836 10865135 21568961 22021818 X 5633014 7658224 5633014 7658224 27201975 29680042 1985523 39687 0 X 0 1 X 1 0 X 42556 94401 43456 52634 3500 236547 12881059 13022546 13785663 15205268 15725889 70620425 12923615 13116947 13829119 15257902 15729389 70856972 850 750 600 350 2550 0 850 750 600 350 2550 70854422 80072 108724 87232 143738 114907 534673 80072 108724 87232 143738 114907 534673 20173 50350 59992 128668 118906 378089 13023860 13276021 13976343 15530308 15963202 71769734 0.98720 0.98840 0.00740 0.00740 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2009 AMOUNT: $ 20,173. 2010 AMOUNT: $ 4,934. 2011 AMOUNT: $ 5,146. 2012 AMOUNT: $ 7,451. 2013 AMOUNT: $ 7,705. GUEST QUARTERS MEALS - 2010 AMOUNT: $ 20,797. 2011 AMOUNT: $ 25,697. 2012 AMOUNT: $ 27,363. 2013 AMOUNT: $ 20,903. STORE INVENTORY - 2010 AMOUNT: $ 24,619. 2011 AMOUNT: $ 29,149. 2012 AMOUNT: $ 34,623. 2013 AMOUNT: $ 36,950. TELEPHONE REVENUE - 2012 AMOUNT: $ 20,113. 2013 AMOUNT: $ 17,695. BARBER AND BEAUTY SHOP - 2012 AMOUNT: $ 19,597. 2013 AMOUNT: $ 19,175. TRANSPORTATION REVENUE - 2012 AMOUNT: $ 10,599. 2013 AMOUNT: $ 11,228. LAUNDRY REVENUE - 2012 AMOUNT: $ 8,922. 2013 AMOUNT: $ 5,250. 0 0 0 0 0 0 0 0 1 527 527 0 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 31708189 10099666 21608523 1360436 1648629 -288193 22723098 REFUNDABLE FEES AND DEPOSITS 357376 DEFERRED REVENUE FROM ENTRANCE FEES 10507759 10865135 X 15945241 39687 -49875 -10188 15955429 0 15955429 13920031 0 13920031 49875 49875 13969906 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 2014 AND 2013. THE COMPANY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE YEARS PRIOR TO 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -49,875. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 49,875. X X X 0 0 0 0 0 0 0 1 0 TIMOTHY MURPHY PRESIDENT/CEO 154492 0 20929 0 4160 0 10775 0 3589 0 193945 0 0 0 ROBERT MCLAIN VP/CFO 141470 0 18962 0 5486 0 9908 0 7746 0 183572 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 3893446 10000000 1315000 8685000 2004 1 0 1 1 B 1481652 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 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 MORE FORMAL, WRITTEN PROEDURES. 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. FORM 990, PART IX, LINE 11G MSD CONTRACT : PROGRAM SERVICE EXPENSES 2,553,459. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,553,459. OCCUPATIONAL THERAPY SERVICES : PROGRAM SERVICE EXPENSES 302,872. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 302,872. PHYSICAL THERAPY SERVICES : PROGRAM SERVICE EXPENSES 321,840. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 321,840. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 660,686. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 660,686.