2014-07-15T14:49:24-05:00 2013-12-31 520783935 SMITH ELLIOTT KEARNS & COMPANY LLC 480 N POTOMAC STREET HAGERSTOWN MD 21740 990 2013-01-01 520610464 FAHRNEY-KEEDY MEMORIAL HOME INC AKA FAHRNEY-KEEDY HOME AND VILLAGE FAHR 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 217131844 WAYNE STOUFFER DIRECTOR OF ACCOUNTING 3017336284 2014-06-23 1 TIMOTHY E PETERS CPA P00957675 3017335020 2013 2015-11-30 17:44:51Z KEITH BRYAN 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 14772691 0 X WWW.FKHV.ORG X 1905 MD CONTINUING CARE RETIREMENT COMMUNITY, INDEPENDENT LIVING, ASSISTED LIVING, AND NURSING CARE 13 13 249 23 0 0 444404 2019761 12682251 12583264 -177526 35185 9157 3936 12958286 14642146 0 0 0 0 7592262 7549331 0 0 55283 5163221 5392551 12755483 12941882 202803 1700264 20793956 22542435 9122883 8351875 11671073 14190560 X WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES.THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 106 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. 0 0 6365966 9873878 NURSING SERVICES TO PRIVATE PAY, MEDICARE, AND MEDICAID RESIDENTS. 767704 1732096 ASSISTED LIVING SERVICES. 379399 798311 INDEPENDENT LIVING SERVICES. 4177930 178979 ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, AND PROPERTY SERVICES. 4177930 178979 11690999 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 249 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 1 0 0 MD X WAYNE STOUFFER 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 LERRY FOGLE CHAIRMAN 8.00 X X 0 0 0 LARRY DEVAN VICE CHAIRMAN 2.00 X X 0 0 0 ELLEN CATLETT DIRECTOR 2.00 X 0 0 0 WILLIAM WANTZ DIRECTOR 2.00 X 0 0 0 CHARLES WILES DIRECTOR 2.00 X 0 0 0 DONNA RITCHEY MARTIN DIRECTOR 2.00 X 0 0 0 ED BREWER DIRECTOR 2.00 X 0 0 0 LOYAL VANDERVEER DIRECTOR 2.00 X 0 0 0 PHIL ZIMMERMAN DIRECTOR 2.00 X 0 0 0 PAT LINTON DIRECTOR 2.00 X 0 0 0 MARK HERR DIRECTOR 2.00 X 0 0 0 GIL CRUMRINE DIRECTOR 2.00 X 0 0 0 JOSEPH DAHMS DIRECTOR 2.00 X 0 0 0 KEITH BRYAN PRESIDENT/CEO 40.00 X 95798 0 0 MICHAEL LEITER SECRETARY, VP OF MARKETING 40.00 X 72218 0 7165 WAYNE STOUFFER TREASURER/CFO 40.00 X 68522 0 2399 236538 0 9564 0 0 0 0 0 2019761 2019761 PATIENT SERVICE 623000 11605974 11605974 AMORTIZATION OF ENTRANCE FEES 623000 528980 528980 INDEPENDENT LIVING 623000 269331 269331 MISCELLANEOUS PROGRAM SERVICE 623000 178979 178979 12583264 40843 40843 122673 122673 5658 0 -5658 -5658 -5658 6150 2214 3936 3936 14642146 12583264 0 39121 X 246012 18042 189651 38319 5504866 4995160 493847 15859 40509 30884 9625 1342457 1222507 119950 415487 367335 47047 1105 38225 38225 29106 17157 11949 50521 50521 1968145 1929527 38618 42765 1283 41482 498228 468498 29730 59025 59025 539145 520685 18460 45881 40484 5397 14286 7459 6827 150221 142500 7721 670620 641494 29126 112580 106793 5787 PRESCRIPTION DRUGS 341597 341597 REPAIRS & MAINTENANCE 315307 304027 11280 FOOD COSTS 315185 315185 BAD DEBTS 135093 135093 66621 47064 19557 12941882 11690999 1195600 55283 499098 483407 2741007 2425662 1156825 1253130 78722 89132 20241218 10142602 10354800 10098616 550875 704106 272761 210868 5139868 7277514 20793956 22542435 734500 758404 3040170 3216715 5003316 4123060 344897 253696 9122883 8351875 X 6518096 6998910 5152977 7191650 11671073 14190560 20793956 22542435 1700264 819223 0 X X 0 1 X 1 1 1 X 253091 264986 541331 444404 2019761 3523573 10521938 10674341 11902907 12694420 12589414 58383020 10775029 10939327 12444238 13138824 14609175 61906593 0 0 0 61906593 61177 30858 63533 53608 40843 250019 61177 30858 63533 53608 40843 250019 10836206 10970185 12507771 13192432 14650018 62156612 0.99600 0.99220 0.00400 0.00540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 823636 91338 914974 754636 73902 4902 823636 756179 5910 7453 754636 662167 94012 756179 510455 165112 13400 662167 1.00000 0 0 10284 10284 17428948 8102600 9326348 1740767 1332661 408106 1061219 707341 353878 10098616 BENEFICIAL INTEREST IN TRUSTS 6191650 OPERATING RESERVE 1031716 DEFERRED COSTS, NET 54148 7277514 ESTIMATED UNREPORTED CLAIMS 130532 CAPITAL LEASE 123164 253696 X 15438583 819223 -22786 796437 14642146 0 14642146 12919096 2214 2214 12916882 25000 25000 12941882 PART V, LINE 4: THE HOME HAS A DONOR-RESTRICTED ENDOWMENT FUND, OF WHICH THE ORIGINAL PRINCIPAL PORTION OF THE FUND IN THE AMOUNT OF $1,000,000 MAY NOT BE EXPENDED. THE INCOME EARNED ON THE ENDOWMENT FUND, INCLUDING APPRECIATION, IS EXPENDABLE, BUT ONLY FOR THE MAINTENANCE AND REPAIR OF THE HOME'S FACILITIES, AS REQUIRED BY THE DONOR. ASC 958 PROVIDES GUIDANCE ON THE NET ASSET CLASSIFICATION OF DONOR RESTRICTED ENDOWMENT FUNDS FOR A NOT-FOR-PROFIT ORGANIZATION THAT IS SUBJECT TO AN ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT OF 2006 (UPMIFA). ASC 958 ALSO REQUIRES DISCLOSURES ABOUT AN ORGANIZATION'S ENDOWMENT FUNDS (BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND BOARD DESIGNATED ENDOWMENT FUNDS), WHETHER OR NOT THE ORGANIZATION IS SUBJECT TO UPMIFA. PERMANENTLY RESTRICTED NET ASSETS REPRESENT THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE AND THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO DONOR-RESTRICTED ENDOWMENT FUNDS. ENDOWMENT INVESTMENT AND SPENDING POLICY: THE HOME'S INVESTMENT POLICY IS TO PROVIDE A COMMON INVESTMENT VEHICLE, WHICH WILL GENERAGE A STABLE AND CONTINUOUSLY GROWING INCOME STREAM TO SUPPORT OPERATIONS. THE OVERALL INVESTMENT GOAL IS TO PRESERVE THE PURCHASING POWER OF THE FUTURE STREAM OF ENDOWMENT PAYOUT FOR THOSE FUNDS. OTHER GOALS INCLUDE MAXIMIZING RETURN WITHIN REASONABLE AND PRUDENT LEVELS OF RISK AND MAXIMIZING THE VALUE OF THE ENDOWMENT WHILE MAINTAINING LIQUIDITY NEEDED TO SUPPORT SPENDING IN PROLONGED DOWN MARKETS. THE HOME SEEKS A RETURN ON INVESTMENT CONSISTENT WITH LEVELS OF INVESTMENT RISK THAT ARE PRUDENT AND REASONABLE GIVEN MEDIUM-TO-LONG-TERM CAPITAL MARKET CONDITIONS AND THE INVESTMENT OBJECTIVES. THE HOME HAS BEEN ENABLED BY DONORS TO SPEND THE INTEREST AND DIVIDENDS DERIVED FROM THE ENDOWMENT FUND ON ITS OPERATIONS. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR REQUIRES THE HOME TO RETAIN AS A FUND OF PERPETUAL DURATION. IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, DEFICIENCIES OF THIS NATURE THAT ARE REPORTED IN UNRESTRICTED NET ASSETS WERE $(85,026) AND $(176,364) AS OF DECEMBER 31, 2013 AND 2012, RESPECTIVELY. THESE DEFICIENCIES RESULTED FROM UNFAVORABLE MARKET FLUCTUATIONS THAT OCCURRED SHORTLY AFTER THE INVESTMENT OF NEW PERMANENTLY RESTRICTED CONTRIBUTIONS. PART X, LINE 2: THE HOME FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2013 AND 2012, THE HOME HAD NO UNCERTAIN TAX POSITIONS THAT REQUIRE EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE HOME'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31, 2013 AND 2012. GENERALLY, THE TAX YEARS BEFORE 2010 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B 2,214. PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FINANCIAL STATEMENTS -25,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B 2,214. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FINANCIAL STATEMENTS 25,000. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD MEETS SEMI-MONTHLY AND THE 990 INFORMATION IS PROVIDED AT THEIR NEXT MEETING AFTER THE 990 IS RECEIVED. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION IS CURRENTLY WORKING ON A WRITTEN CONFLICT OF INTEREST POLICY. CURRENTLY, THERE IS NO WRITTEN POLICY BUT BOARD MEMBERS ARE TO IDENTIFY ANY CONFLICTS OF INTEREST PRIOR TO VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AND SUBMITTED IN A LETTER BY THE PRESIDENT OF THE BOARD OF DIRECTORS TO THE ACCOUNTING DEPARTMNET. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS FOR PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE ACCOUNTING OFFICE AND THE CEO'S OFFICE. FORM 990, PART IX, LINE 11G OCCUPATIONAL THERAPY - MEDICARE: PROGRAM SERVICE EXPENSES 362,731. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 362,731. PHYSICAL THERAPY - MEDICARE: PROGRAM SERVICE EXPENSES 382,601. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 382,601. SPEECH THERAPY - MEDICARE: PROGRAM SERVICE EXPENSES 75,195. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,195. DIETARY SERVICE: PROGRAM SERVICE EXPENSES 589,176. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 589,176. LAB CHARGES: PROGRAM SERVICE EXPENSES 63,130. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,130. OTHER FEES FOR SERVICE: PROGRAM SERVICE EXPENSES 456,694. MANAGEMENT AND GENERAL EXPENSES 38,618. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 495,312. FORM 990, PART XI, LINE 2C, OVERSIGHT OF AUDIT: UNCHANGED FROM PRIOR YEARS, THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT IS THE RESPONSIBILITY OF THE DIRECTOR OF ACCOUNTING, THE ASSISTANT DIRECTOR OF ACCOUNTING, AND THE SENIOR DIRECTOR OF ADMINISTRATIVE SERVICES.