2014-05-06T13:20:53-05:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 610 WGERMANTOWN PIKE STE400 PLYMOUTH MEETING PA 19462 990 2012-07-01 231611427 LUTHERAN COMMUNITY AT TELFORD INC LUTH 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 DAN MCKEE 2157239819 2014-05-05 1 JAMES D WATSON P01450300 2156433900 2012 2016-03-07 17:11:31Z DAN MCKEE 12 LUTHERAN HOME DRIVE TELFORD PA 18969 22172014 0 X WWW.LCTELFORD.ORG X 1958 PA TO PROVIDE HEALTHCARE SERVICES FOR LUTHERAN COMMUNITY OF TELFORD RETIREMENT COMMUNITY RESIDENTS. 17 17 383 155 0 0 945554 366416 17371228 18518287 330313 310948 318338 173851 18965433 19369502 0 0 0 0 8734619 10278009 46046 0 46666 8972768 9234785 17753433 19512794 1212000 -143292 64482599 64732604 53628954 53459605 10853645 11272999 X TO PROVIDE PROGRESSIVE LEVELS OF CARE INCLUDING PERSONAL CARE AND SKILLED NURSING IN A SECURE CHRISTIAN ENVIRONMENT. 0 1 8057473 7951767 OUR 75-BED HEALTHCARE NEIGHBORHOOD IS LICENSED BY THE PENNSYLVANIA DEPARTMENT OF HEALTH. IT IS BOTH A MEDICARE AND MEDICAID APPROVED FACILITY. AT THE LUTHERAN COMMUNITY AT TELFORD (LCT), OUR PHILOSOPHY OF "PERSON-CENTERED CARE", ALLOW RESIDENTS TO LIVE IN SMALL NEIGHBORHOODS AND FORM CLOSE RELATIONSHIPS WITH EACH OTHER AND WITH STAFF. THEY NOT ONLY RECEIVE EXPERT CARE FROM PEOPLE WHO REALLY KNOW THEM, THEY ALWAYS HAVE A VOICE AND CHOICE IN DIRECTING THEIR CARE. OVER THE PAST TWO YEARS, THE LCT HAS HAD MEDICAID CONTRACTUAL ALLOWANCES OF $1.7M IN 2013 AND $1.2M IN 2012. 3380427 2659498 LUTHERAN COMMUNITY AT TELFORD IS LICENSED BY THE DEPARTMENT OF PUBLIC WELFARE FOR PERSONAL CARE FOR 125 RESIDENTS. OUR PERSONAL CARE IS DESIGNED FOR THE RESIDENT WHO REQUIRES ASSISTANCE WITH ACTIVITIES OF DAILY LIVING INCLUDING MEDICATION ADMINISTRATION. LCT'S ENVIRONMENT ENCOURAGES INDEPENDENCE, WHILE OFFERING CARE AND SUPPORT APPROPRIATE TO INDIVIDUAL NEEDS. LCT OFFERS A PERSONAL CARE MEMORY SUPPORT, OFFERS A STIMULATING ENVIRONMENT FOR 23 RESIDENTS THAT ENSURES A SENSE OF SECURITY AND STABILITY. LCT ALSO OFFERS PERSONAL CARE SUITES AND PERSONAL CARE STUDIOS THAT WILL MEET THE NEEDS OF ALL OUR RESIDENTS. BENEVOLENT CARE IS AVAILABLE FOR THOSE RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. LCT HAS GRANTED OVER $500K OF BENEVOLENT CARE FOR THE PAST TWO FISCAL YEARS. 5530473 7907022 RESIDENTIAL LIVING AT LUTHERAN COMMUNITY AT TELFORD PROVIDES YOU WITH A NEWFOUND SENSE OF FREEDOM, MAINTENANCE FREE LIFESTYLE WHERE YOU GET TO RELAX AND CELEBRATE LIFE WITHOUT THE BURDEN OF HOME MAINTENANCE AND THE SECURITY. LCT HAS 186 APARTMENTS OF VARYING STYLES IN OUR THREE APARTMENT BUILDINGS: LUTHER VILLAGE, HARBINGER TERRACE AND THE MEADOWS FOR ALMOST ANY BUDGET; AS WELL AS 65 COTTAGE STYLE HOMES THROUGHOUT OUR 50 ACRE CAMPUS. BENEVOLENT CARE IS ALSO AVAILABLE FOR THOSE RESIDENTIAL / INDEPENDENT RESIDENTS WHOSE FUNDS HAVE BEEN DEPLETED. 16968373 1 1 0 1 0 0 0 0 1 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 53 0 383 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOHN DUBYK 2157239819 12 LUTHERAN HOME DRIVE TELFORD PA 18969 BRENDAN MCGILL 1.00 0.00 X 0 0 0 CLIFF NEBELONG 1.00 0.00 X 0 0 0 DAVID ALBURGER 1.00 0.00 X 0 0 0 FREDERICK E SCHEA 2.00 2.00 X X 0 0 0 MARILYNNE BAGOSY 1.00 0.00 X 0 0 0 WILLIAM CRESSMAN 1.00 0.00 X 0 0 0 JOANNE FABIAN 1.00 0.00 X 0 0 0 LINDA GARCIA 1.00 0.00 X 0 0 0 MARGARET FITZGERALD 1.00 0.00 X 0 0 0 MARY ANN HIMMELSBACH 2.00 0.00 X X 0 0 0 PHILIP C JACKSON 1.00 2.00 X 0 0 0 REV MUKESH CHEEDIE 1.00 0.00 X 0 0 0 REV ROBERT MITMAN 2.00 0.00 X X 0 0 0 STUART H FINE 1.00 0.00 X 0 0 0 WILLIAM GROFF 1.00 0.00 X 0 0 0 WILLIAM MORRAL 2.00 0.00 X X 0 0 0 REV DAVID LUTCHER 1.00 0.00 X 0 0 0 DANIEL MCKEE 40.00 0.00 X 177672 0 2897 ELLEN SHRAGER 40.00 0.00 X 148284 0 4751 THERESA D KOLAZ 40.00 0.00 X 185713 0 7034 THEODORE G LEISTER 40.00 0.00 X 113271 0 14294 624940 0 28976 4 0 1 0 BERKS RIDGE COMPANY 316 RUTH ROAD HARLEYSVILLE PA 19438 BUILDER 2482436 CURA HOSPITALITY PO BOX 827276 PHILADELPHIA PA 19182 DIETARY/FOOD SERVICE MANAGEMENT 1483096 SUN DANCE REHABILITATION 6549 PAYSHERE CIRCLE CHICAGO IL 60674 6549 PAYSHERE CIRCLE 627439 IT LANDES & SON INC 247 MAIN STREET HARLEYSVILLE PA 19438 PLUMBING CONTRACTOR 288996 SCOTT SEIFERT 40 NORTH SECOND STREET SOUDERTON PA 18964 PAVING CONTRACTOR 235396 7 200000 166416 366416 INDEPENDENT LIVING 623990 7907022 7907022 SKILLED NURSING 623990 7764991 7764991 PERSONAL CARE 623990 2659498 2659498 ADMISSION FEES 900099 120000 120000 PHARMACY 900099 66776 66776 18518287 294447 294447 14910 2967 11943 11943 11943 2803637 11587 2725353 73370 78284 -61783 16501 16501 33184 822 32362 32362 INCONTINENT REVENUE 900099 103062 103062 NON-RESIDENT MEALS 900099 52644 52644 INCOME FROM JOINT VENTURE 900099 -75000 -75000 48840 48840 129546 19369502 18518287 0 484799 546343 107073 392604 46666 8154198 7171038 983160 109506 109506 836580 586335 250245 631382 528747 102635 -11611 -11611 34000 34000 3000 3000 57375 57375 20588 20588 119934 119934 71594 71594 66163 66163 1055637 1055637 11051 11051 1800179 1800179 2615226 2615226 368331 165380 202951 FOOD 832725 832725 OUTSIDE CONSULTANT 593083 593083 MAINTENANCE & SERVICE S 547391 547391 CONTRACTED SERVICES 474384 474384 575735 491175 84560 19512794 16968373 2497755 46666 2116261 1975538 827665 205225 1361407 1188071 260699 252423 74945987 28504695 46374638 46441292 10122317 11233183 3419612 3436872 64482599 64732604 1368192 1390299 15697677 14857334 1346440 1419537 33282397 34141960 1934248 1650475 53628954 53459605 X 10466518 11254443 387127 18556 10853645 11272999 64482599 64732604 X -143292 285383 277263 X X 0 1 X 1 0 X 413953 431283 668241 945554 366416 2825447 15517672 15668915 16266866 17403743 18554123 83411319 15931625 16100198 16935107 18349297 18920539 86236766 0 0 0 86236766 582756 390823 299996 298401 301485 1873461 582756 390823 299996 298401 301485 1873461 75287 124874 122759 274313 134766 731999 16589668 16615895 17357862 18922011 19356790 88842226 0.97070 0.96750 0.02110 0.02480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 3000 0 0 3000 0 0 1 X 387127 131429 500000 18556 0 387127 387127 0.00000 0.00000 1.00000 0 0 10892788 10892788 58106444 24773481 33332963 5800968 3731214 2069754 145787 145787 46441292 COMMON STOCKS 3146379 F MUTUAL FUNDS 3145521 F CORPORATE BONDS 3938315 F US GOVT & AGENCY OBLIGATIONS 742968 F INVESTMENT IN JOINT VENTURE 260000 F 11233183 NET DEFERRED FINANCING COSTS 618157 ESCROW FUNDS 1246845 DEBT SERVICE FUND 1571870 3436872 ACCRUED COMPENSATION 683853 FAIR VALUE OF INTEREST RATE SWAP 966622 1650475 X 19940345 285383 277263 562646 19377699 57375 -65572 -8197 19369502 19520991 65572 65572 19455419 57375 57375 19512794 PART IV, LINE 2B: THE ORGANIZATION HAS ESCROW FUNDS THAT REPRESENT THE REFUNDABLE ENTRANCE FEES OF RESIDENTS WHO HAVE PERMANENTLY MOVED FROM AN APARTMENT UNIT INTO THE NURSING OR PERSONAL CARE FACILITY. THESE FUNDS ARE RETAINED AS SECURITY FOR THE PAYMENT OF THE RESIDENTS' CHARGES AND ARE REFUNDED IF NOT NEEDED. AT JUNE 30, 2013 AND 2012, ESCROW FUNDS ARE $1,246,845 AND $1,178,960, RESPECTIVELY, AND ARE SHOWN AS BOTH A NON-CURRENT ASSET AND A LONG-TERM LIABILITY. DEPOSITS ON UNOCCUPIED UNITS IN AMOUNTS RANGING BETWEEN $4,960 AND $31,500 PER UNIT ARE COLLECTED BY THE ORGANIZATION UPON EXECUTION OF A CONTINUING CARE AGREEMENT. EACH DEPOSIT REPRESENTS 10% OF THE TOTAL ENTRANCE FEE, WHICH IS REFUNDABLE THROUGH THE FIRST MONTH OF OCCUPANCY. THE BALANCE OF THE ENTRANCE FEE IS DUE UPON OCCUPANCY OF THE APARTMENT. MANAGEMENT ALSO COLLECTS A $1,000 REFUNDABLE DEPOSIT FROM PROSPECTIVE RESIDENTS PLACED ON A WAITING LIST. AT JUNE 30, 2013 AND 2012 DEPOSITS FOR THOSE ON WAITING LISTS ARE $107,000 AND $120,000, RESPECTIVELY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO SUBSIDIZE OPERATIONS TO PROVIDE HEALTHCARE SERVICES FOR LUTHERAN COMMUNITY AT TELFORD RESIDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMMONWEALTH OF PENNSYLVANIA STATUTES. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. IT IS THE ORGANIZATION'S POLICY TO ACCOUNT FOR ANY INTEREST OR PENALTIES ASSESSED RELATING TO UNCERTAIN TAX POSITIONS, IF ANY, AS GENERAL AND ADMINISTRATIVE EXPENSES. THE ORGANIZATION DID NOT INCUR ANY INTEREST OR PENALTIES FOR THE YEARS ENDED JUNE 30, 2013 OR 2012. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2010 TO 2012 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 277,263. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES - INCLUDED AS EXPENSE ON FS -822. LOSS ON DISPOSAL OF ASSETS - INCLUDED AS EXPENSE ON FS -61,783. RENTAL EXPENSE - INCLUDED AS EXPENSES ON FS -2,967. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS - INCLUDED AS EXPENSE ON FS 61,783. DIRECT FUNDRAISING EXPENSES - INCLUDED AS EXPENSE ON FS 822. RENTAL EXPENSE - INCLUDED AS EXPENSES ON FS 2,967. CENTURY CLUB 31953 31953 FOUNDERS FAIR/STROLL 1231 1231 822 33184 33184 822 822 32362 X X 0 0 0 0 0 0 0 0 0 DANIEL MCKEE 155694 0 21978 0 0 0 5246 0 9653 0 192571 0 0 0 ELLEN SHRAGER 138231 0 10053 0 0 0 4372 0 6333 0 158989 0 0 0 THERESA D KOLAZ 155355 0 30358 0 0 0 0 0 4006 0 189719 0 0 0 A BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232174016 118612LMO 2007-11-15 14000000 REFI & NEW CONSTRUCTION 0 0 0 B BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232174016 118612LMO 2007-11-15 8955000 REFI & NEW CONSTRUCTION 0 0 0 C TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY 232253252 2010-05-21 13745000 NEW CONSTRUCTION 0 0 0 A 1001175 13862556 989803 264840 19308 4835858 7752747 2007 1 0 1 1 B 721382 8955000 169404 12350 3093222 5680024 2007 1 0 1 1 C 20166 13178799 120461 13058157 180 2010 0 0 0 1 A 0 0 1 1 0 0.01260 0.01260 0 0 1 B 0 0 1 1 0 0.01260 0.01260 0 0 1 C 0 0 1 1 0 0 0 1 A 1 0 1 CITIZEN'S BANK 10.000000000000 0 0 0 0 1 B 1 1 1 CITIZEN'S BANK 10.000000000000 0 0 0 0 1 C 0 0 0 0 1 0 0 0 1 A 1 B 1 C 1 FORM 990, SCHEDULE K, PART II, COLUMN C LINE OF CREDIT TELFORD INDUSTRIAL DEVELOPMENT AUTHORITY 2010 CONSTRUCTION BONDS ACT AS A LINE OF CREDIT. NOT ALL FUNDS HAVE BEEN DRAWN DOWN YET, RESULTING IN LOWER PROCEEDS, AND USES FROM THE ISSUE PRICE. FORM 990, SCHEDULE K, PART II, COLUMN A ORIGINAL ISSUE DISCOUNT BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY SERIES A 2007 BONDS WERE ISSUED WITH AN ORIGINAL ISSUE DISCOUNT OF $137,444, RESULTING IN THE PROCEEDS AND USES BEING LESS THAN THE ISSUE PRICE. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH LIBERTY LUTHERAN SERVICES TO FURTHER ITS EXEMPT PURPOSES BY PROVIDING A BROAD RANGE OF LICENSED HOME HEALTH SERVICES AND HOME CARE SERVICES TO COMMUNITIES SERVED BY THE ORGANIZATION THROUGH AN ENTITY OPERATING AS LIBERTY AT HOME FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE 33 NATURAL PERSONS OF FULL AGE APPOINTED BY CERTAIN CONGREGATIONS. EACH CONGREGATION SHALL APPOINT TWO LAYPERSONS FROM ITS ACTIVE MEMBERSHIP AND ONE ORDAINED CLERGY UNDER CALL OR APPOINTED TO THE CONGREGATION AS MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS WILL BE ELECTED BY THE MEMBERS AT THE ANNUAL ORGANIZATIONAL MEETING OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS (THE GROUP OF 33) MUST APPROVE ANY LAND PURCHASE OR DEVELOPMENT AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT, AND REVIEWED BY THE PRESIDENT AND CFO BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL STATEMENTS ARE DISTRIBUTED AT BOARD MEETING AND COMPLETED BY BOARD MEMBERS BY THE NEXT BOARD MEETING. THE DISCLOSURES ARE REVIEWED BY THE CEO AND IF THERE ARE ISSUES THEY ARE DISCUSSED AT SUBSEQUENT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 AS OF THE 5/14/2009 BOARD MEETING, A COMPENSATION COMMITTEE WAS ESTABLISHED TO REVIEW EXECUTIVE SALARIES AS WELL AS OVERALL SALARY STRUCTURES. FORM 990, PART VI, SECTION C, LINE 18 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON SWAP AGREEMENT 277,263. FORM 990, PART XII, LINE 2C THE ORGANIZATION DIDN'T MAKE ANY CHANGES IN ITS OVERSIGHT PROCESS DURING THE TAX YEAR. LUTHERAN COMMUNITY AT TELFORD FUND 12 LUTHERAN HOME DRIVE TELFORD PA 18969 232694179 FUNDRAISING ACTIVITIES FOR AFFILIATED NON-PROFIT ENTITIES PA 501(C)(3) LINE 11A, I 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LUTHERAN COMMUNITY AT TELFORD FUND C 200000 CASH