2014-11-14T13:00:51-06:00 2013-12-31 CROWE HORWATH LLP 70 WEST MADISON STREET SUITE 700 CHICAGO IL 606024903 990 2013-01-01 351494162 WESTMINSTER VILLAGE TERRE HAUTE INC WEST 8122327533 1120 E Davis Drive Terre Haute IN 47802 BARRETT WAY EXECUTIVE DIRECTOR 2014-11-14 true Nicole Bencik P00756195 3128997000 2013 2015-11-30 17:44:51Z BARRETT WAY 1120 E Davis Drive Terre Haute IN 47802 12926955 false X WWW.WESTMINSTERVILLAGEIN.COM X 1980 IN WESTMINSTER VILLAGE TERRE HAUTE, INC. IS AN INDIANA NOT-FOR-PROFIT CORPORATION ESTABLISHED IN 1980 FOR THE PURPOSE OF OWNING AND OPERATING A CONTINUING CARE RETIREMENT COMMUNITY. 7 7 538 75 0 0 0 0 12290614 12781570 65675 33668 65034 108354 12421323 12923592 0 0 0 0 5859693 5770462 0 0 0 7456133 7663776 13315826 13434238 -894503 -510646 21421551 20540946 38354094 37731416 -16932543 -17190470 X AS THE WABASH VALLEY'S ONLY TRUE CONTINUING CARE COMMUNITY, WESTMINSTER VILLAGE OFFERS TERRE HAUTE, THE PERFECT BALANCE IN SENIOR LIVING. WE BRING TOGETHER HELPFUL SERVICES, EXCITING OPPORTUNITIES AND A VARIETY OF RESIDENTIAL OPTIONS ALL IN A RELAXED NEIGHBORHOOD TO GIVE YOU MORE FREEDOM, MORE SECURITY AND MORE CHOICES. (CONTINUED IN SCHEDULE O) false false 5630997 0 6416426 HEALTH CENTER: MAINTAINS 78-BED HEALTH CARE CENTER; INCLUDES PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPY, THREE DAILY MEALS AND SNACKS, COMPREHENSIVE SKILLED NURSING CARE; ALLOWS ACCESS TO THE ORGANIZATION'S ACTIVITIES AND AMENITIES. 3303016 0 2531574 ASSISTED-LIVING: MAINTAINS 38 ASSISTED-LIVING APARTMENTS; INCLUDES WEEKLY HOUSEKEEPING, THREE DAILY MEALS, MAINTENANCE AS NEEDED, AND ALL UTILITIES; ALLOWS ACCESS TO THE ORGANIZATION'S ACTIVITIES AND AMENITIES; PERSONALIZED ASSISTANCE. 2460030 0 3912896 INDEPENDENT-LIVING: MAINTAINS 174 APARTMENTS AND 20 VILLAS; INCLUDES BIWEEKLY HOUSEKEEPING, FLEXIBLE DINING PRIVILEGES, MAINTENANCE AS NEEDED, AND ALL UTILITIES; ALLOWS ACCESS TO THE ORGANIZATION'S ACTIVITIES AND AMENITIES. 11394043 true false false false false false false false false true false false false true true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 65 0 true 538 true false false false false false false false false false false false false X 7 7 false true false false false false false true true false false true true true true true true false false false IN X Barrett Way 8122424607 1120 E Davis Drive Terre Haute IN 47802 DAVE GOELLER SECRETARY/TREASURER/DIRECTOR 1.00 X X 3300 0 0 FRED RUBEY VICE PRESIDENT 1.00 X X 3300 0 0 TOM TEMPLETON PRESIDENT 1.00 X X 3300 0 0 BETH TEVLIN DIRECTOR 1.00 X 3300 0 0 DAN CALLAHAN DIRECTOR 1.00 X 3300 0 0 JIM LEAR DIRECTOR 1.00 X 3300 0 0 PAT FOUTY DIRECTOR 1.00 X 3300 0 0 KYLE EXLINE EXECUTIVE DIRECTOR 40.00 X 0 0 0 23100 0 0 0 false false false REHABCARE GROUP EAST INC CONTRACT THERAPY DIVISION PO BOX 5 ST LOUIS MO 63150 PAYMENTS FOR MEDICAL AND HEALTH CARE SERVICES 735826 LIFE CARE SERVICES LLC CAPITAL SQUARE DES MOINES IA 50309 PAYMENTS FOR MANAGEMENT SERVICES 604756 PRN PHARMACEUTICAL LP 8809 ELY ROAD PENSACOLA FL 32514 PAYMENTS FOR MEDICAL AND HEALTH CARE SERVICES 148351 3 0 PATIENT SERVICES 623000 6389984 6389984 APARTMENT LIVING 623000 3886454 3886454 ASSISTED LIVING 623000 2505132 2505132 0 0 0 0 0 0 12781570 33668 33668 0 0 32391 3363 29028 0 29028 29028 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 72325 72325 VENDING 900099 7001 7001 0 0 0 0 0 79326 12923592 12860896 0 62696 0 0 0 0 23100 23100 0 4825484 4133271 692213 0 461132 402864 58268 460746 422044 38702 405621 405621 21074 21074 41059 41059 0 0 0 256688 200976 55712 0 278642 278642 153088 9050 144038 0 0 833729 833729 38404 6953 31451 0 0 1223577 1223577 0 1441241 1441241 146546 146546 FOOD 828017 828017 THERAPY 819609 819609 SUPPLIES 476572 467215 9357 BAD DEBT EXPENSE 245581 245581 454328 359916 94412 0 13434238 11394043 2040195 0 0 875 250 5517615 5587673 1134630 1092567 0 0 0 0 44388 48131 93764 198046 37314755 24202951 14101477 13111804 0 0 0 0 528802 502475 21421551 20540946 1621086 1935704 6066915 5890828 12175000 12175000 0 0 8761308 8686655 9729785 9043229 38354094 37731416 X -16932543 -17190470 -16932543 -17190470 21421551 20540946 -510646 252719 0 X false true X true false X 0 11720845 11241161 12399048 12290614 12781570 60433238 0 0 0 11720845 11241161 12399048 12290614 12781570 60433238 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60433238 67867 62823 59285 87573 66059 343607 0 67867 62823 59285 87573 66059 343607 0 55064 54118 33819 42681 79326 265008 11843776 11358102 12492152 12420868 12926955 61041853 0.99000 0.98780 0.00560 0.00620 X Schedule A, Part III, Line 12, Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 55064, COLUMN B - 54118, COLUMN C - 33819, COLUMN D - 42681, COLUMN E - 79326, COLUMN F - 265008; 364636 364636 32249868 20617708 11632160 958375 682641 275734 3571031 2902602 668429 170845 0 170845 13111804 0 REFUNDABLE ADVANCE FEES 8390994 FAIR VALUE ON INTEREST RATE SWAP 371821 LIFE CONTRACT DEPOSITS AND SECURITY DEPOSITS PAYABLE 280414 9043229 X 12931025 4070 3363 7433 12923592 0 0 12923592 13188952 3363 3363 13185589 248649 248649 13434238 Schedule D, Part X, Line 2, FIN 48 (ASC 740) footnote THE ORGANIZATION IS EXEMPT FROM INCOME TAXES ON INCOME FROM RELATED ACTIVITIES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES. CURRENT ACCOUNTING STANDARDS REQUIRE THE ORGANIZATION TO DISCLOSE THE AMOUNT OF POTENTIAL BENEFIT OR OBLIGATION TO BE REALIZED AS A RESULT OF AN EXAMINATION PERFORMED BY A TAXING AUTHORITY. FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY TAX POSITIONS THAT RESULTED IN ANY UNCERTAINTIES REGARDING THE POSSIBLE IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE UNCERTAIN TAX POSITIONS ARE NOT EXPECTED TO CHANGE IN THE NEXT 12 MONTHS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES RELATED TO THE UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAXES, RESPECTIVELY. THE ORGANIZATION HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF DECEMBER 31, 2013 AND 2012. THE ORGANIZATION HAS TAX RETURNS OPEN FOR FEDERAL AND STATE PURPOSES FOR 2009 AND AFTER. Schedule D, Part XI, Line 2d, Other revenues in audited financial statements not in form 990 RENTAL EXPENSES - 3363; Schedule D, Part XII, Line 2d, Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 3363; Schedule D, Part XII, Line 4b, Other expenses in form 990 not in audited financial statements UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT - 248649; A CITY OF TERRE HAUTE INDIANA 356001210 881093AS7 2012-10-03 11974478 CONSTRUCT AND EQUIP FACILITY; REFUND 2006A BONDS ISSUED ON 8/31/2006 false false false A 0 0 11975155 518372 0 0 238888 0 0 727033 10490862 0 true false false true A false true true true false 0.00430 0.00000 0.00430 false false true A false true false false 0.0 false 0.0 false true A true SCHEDULE K, PART II, LINE 3, TOTAL PROCEEDS OF ISSUE AMOUNT INCLUDES INVESTMENT EARNINGS ON BOND PROCEEDS. SCHEDULE K, PART II, LINE 4, GROSS PROCEEDS IN RESERVE FUND GROSS PROCEEDS IN RESERVE FUND INCLUDES TRANSFERRED PROCEEDS FROM THE REFUNDED ISSUE. FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION (CONTINUED FROM PART III) BETTER YET, YOU CAN COUNT ON OUR STRENGTH AND SUCCESS. WE'RE MANAGED BY LIFE CARE SERVICES, A HIGHLY RESPECTED COMPANY WITH MORE THAN FOUR DECADES OF EXPERIENCE MANAGING SENIOR COMMUNITIES NATIONWIDE. Form 990, Part VI, Sec A, Line 1a, Delegate broad authority to a committee THE BOARD OF DIRECTORS, BY RESOLUTION ADOPTED BY A MAJORITY OF THE ENTIRE BOARD OF DIRECTORS, MAY DESIGNATE THREE DIRECTORS TO CONSTITUTE AN EXECUTIVE COMMITTEE. DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND SUBJECT TO SUCH LIMITATIONS AS MAY BE PROVIDED BY LAW, THESE BY-LAWS OR BY RESOLUTION OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION. THE EXECUTIVE COMMITTEE SHALL MAKE A FULL REPORT OF ALL ACTIONS TO THE NEXT MEETING OF THE BOARD OF DIRECTORS. Form 990, Part VI, Sec A, Line 3, Delegation of management duties LIFE CARE SERVICES, LLC HAS BEEN ENGAGED TO MANAGE THE ORGANIZATIONS OPERATIONS OF THE FACILITY SINCE NOVEMBER 1984 THE CURRENT MANAGEMENT AGREEMENT WAS EFFECTIVE JANUARY 1, 2013 AND EXPIRES DECEMBER 31, 2017 EITHER PARTY MAY TERMINATE THIS AGREEMENT, WITHOUT CAUSE, AT ANY TIME BY GIVING THE OTHER PARTY AT LEAST SIX MONTHS PRIOR NOTICE OF ITS DESIRE TO TERMINATE. Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body THE FORM 990 IS REVIEWED IN DETAIL BY THE ENTIRE BOARD OF DIRECTORS. AFTER ANY QUESTIONS/CHANGES ARE ADDRESSED, THE FINAL DRAFT OF THE FORM 990 IS DISTRIBUTED VIA E-MAIL TO THE BOARD OF DIRECTORS. IT IS THEN FILED ELECTRONICALLY WITH THE IRS. Form 990, Part VI, Sec B, Line 12c, Conflict of interest policy BOARD MEMBERS ANNUALLY SIGN DOCUMENTATION STATING IF THEY HAVE A CONFLICT OF INTEREST THEY WILL DISCLOSE THAT CONFLICT WITH THE BOARD. UPON DISCLOSURE OF A CONFLICT, THE RELATED BOARD MEMBERS OR OFFICERS SHALL ABSTAIN FROM TAKING PART IN THE DISCUSSION OR VOTING. FORM 990, PART VI, LINE 15, PROCESS USED TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF LIFE CARE SERVICE (LCS), THE BOARD NEGOTIATES AND APPROVES THE CONTRACTED SALARY AMOUNT PAID TO LIFE CARE SERVICES FOR THE EXECUTIVE DIRECTORS SERVICES. LCS DOES PERFORM REGULAR NATIONAL SALARY SURVEYS WITH AN INDEPENDENT FIRM. THE DATA IS USED TO SET LCS PAY RANGES, AND IT IS A BASIS FOR ANNUAL INCREASES. THE INFORMATION IS SHARED WITH BOARDS UPON HIRE OF A NEW LCS EMPLOYEE TO THE COMMUNITY, AND DURING ANNUAL INCREASES. THE BOARD IS ALSO INFORMED OF THE LCS BONUS PLANS, AND ASKED TO GIVE INPUT INTO THE PLAN'S DISCRETIONARY FACTORS. THE BOARD ALSO COMPLETES ANNUAL EVALUATIONS ON THE EXECUTIVE DIRECTOR AND ADMINISTRATOR WHICH IS CONSIDERED DURING THE ANNUAL REVIEW PROCESS. Form 990, Part VI, Sec C, Line 19, Required documents available to the public THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.