2014-08-12T12:12:19-07:00 2014-03-31 990 2013-04-01 020519490 KENDAL AT HANOVER I KEND 6036438900 80 Lyme Road Hanover NH 03755 Brent Edgerton Assoc. Executive Director/CFO 6036437004 2014-08-13 2013 2016-03-07 17:11:31Z Rebecca A Smith Kendal at Hanover 80 Lyme Road Hanover NH 03755 47259449 0 X www.kah.kendal.org X 1988 NH We offer services that are needed to ensure a vigorous independence. We conduct our business in a manner that includes all residents and respects all opionions. We provide for supportive services, health care, leadership in issues dealing with end-of-life, and activities to meet recreational needs, both as a way to preserve wellness and as a symbol of life at Kendal. 16 16 404 70 0 0 569901 484010 22352125 23458343 503711 1007681 692350 736844 24118087 25686878 75788 75876 0 0 10639999 11014519 0 0 0 12338719 12904946 23054506 23995341 1063581 1691537 125267295 133072917 96323896 101135364 28943399 31937553 Kendal at Hanover is a not-for-profit continuing care retirement community characterized by mutual respect, integrity and a concern for each other's welfare that fosters the independence, vitality, health and security of older persons and in which residents and staff may exercise their talents in a supportive environment. 0 0 19651403 24055 23995341 Operation of Continuing Care Retirement Community for the elderly consisting of 250 independent living apartments, a community center, 5 licensed skilled beds and 107 licensed assisted living bed serving 405 residents. 0 51821 0 Education reimbursement given to 28 employees over the year for continuing education. 0 0 0 19651403 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 42 0 1 404 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X X X Kendal at Hanover I 6036437004 80 Lyme Road Hanover NH 03755 Virginia Allison Board Secretary 1 0 X 0 0 0 Roberta J Berner Board Member 1 0 X 0 0 0 Frances C Brokaw Board Member 1 0 X 0 0 0 Joan Burchenal Board Member 1 0 X 0 0 0 Robert B Donin Board Member 1 0 X 0 0 0 Arthur Z Gardiner Jr Board Treasurer 1 0 X 0 0 0 John A Hochreiter Board Vice Chair 1 0 X 0 0 0 John W Kirk Board Member 1 0 X 0 0 0 Frank M Lesher Board Member 1 0 X 0 0 0 Stephen R Marion Board Member 1 0 X 0 0 0 Anne Page Board Member 1 0 X 0 0 0 Stanley A Pelli Board Chair 1 0 X 0 0 0 Ellis Rolett Board Member 1 0 X 0 0 0 Kathryn G Underwood Board Member 1 0 X 0 0 0 Linda J von Reyn Board Member 1 0 X 0 0 0 Michael F Wagner Board Member 1 0 X 0 0 0 Brent B Edgerton Assoc Exec Director, CFO 50 0 X 172438 0 19117 Diana M Cox Director of Resident Health Care Services 45 0 X 139991 0 22668 Laurie Flynn Director of Nursing 45 0 X 105230 0 17647 Rebecca A Smith Executive Director, CEO 50 0 X 232031 0 11773 649690 0 71205 5 0 1 0 Engelberth Construction Inc 463 Mountain View Drive Colchester VT 05446 Construction 5946653 Lavallee Brensinger Architects 155 Dow Street Suite 400 Manchester NH 03101 Architect 184796 ARC Mechanical Contractor PO Box 724 299 Depot Street Bradford VT 050330724 HVAC Construction 317683 Genesis Eldercare Rehabilatation Services PO Box 7247-6524 Philadelphia PA 191706524 Rehab Therapy 336692 Cobb Hill Construction Inc 206 North State Street Concord NH 03301 Construction 213398 7 0 0 0 0 0 484010 0 484010 Resident Fees - Apartment 623311 13582580 13582580 0 0 Resident Fees - Healthcare 623311 4095870 4095870 0 0 Amortization Entry Fees 623311 5779893 5779893 0 0 0 0 0 0 23458343 686186 0 0 686186 0 0 0 0 0 0 0 0 48800 0 0 0 48800 0 48800 0 0 48800 21894066 0 21548044 24527 346022 -24527 321495 0 0 321495 0 Child Day Care 624410 274303 0 0 274303 Net Assets Released from Restrictions 900099 260455 0 0 260455 Food Service 722210 97188 0 0 97188 56098 56098 0 0 688044 25686878 23514441 0 1688427 75876 75876 545533 139991 405542 7348972 6256736 1092236 1169494 1169494 1404611 1199877 204734 545909 449929 95980 275287 238806 36481 50555 50555 33250 33250 25818 25818 253321 38075 215246 190510 190510 3893269 3893269 140454 52077 88377 50623 24774 25849 702360 702360 3843920 3843920 132435 132435 Equipment & Repair 568871 561365 7506 0 Food Costs 1108405 1108405 0 0 Staff Recruitment 21962 21962 0 Health Center Related Costs 1137737 1137737 0 476169 476169 23995341 19651403 4343938 0 639 639 4557639 5879928 0 0 2607213 1693448 0 0 0 0 0 0 265115 285959 415366 371318 125861220 46372979 72382659 79488241 44434664 44734384 0 0 0 0 0 0 604000 619000 125267295 133072917 4521683 3429300 0 0 0 0 33326313 36352210 0 0 0 0 0 0 0 0 58475900 61353854 96323896 101135364 X 21702303 24145905 5959894 6449596 1281202 1342052 28943399 31937553 125267295 133072917 1691537 1302617 0 0 0 0 X 0 1 X 1 0 X 686536 219754 176825 569901 484010 2137026 21740931 22990268 23202305 25775198 28246242 121954944 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22427467 23210022 23379130 26345099 28730252 124091970 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 124091970 1167110 1179750 814486 902918 703655 4767919 0 0 0 0 0 0 1167110 1179750 814486 902918 703655 4767919 0 0 0 0 0 0 0 0 0 0 0 0 23594577 24389772 24193616 27248017 29433907 128859889 0.96300 0.95750 0.03700 0.04250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1281202 60850 0 0 0 0 1342052 1263987 17215 0 0 0 0 1281202 1246213 17774 0 0 0 0 1263987 1206113 40100 0 0 0 0 1246213 994343 211770 0 0 0 0 1206113 0 1 0 0 0 0 3573704 3573704 0 101014352 39689310 61325042 0 0 0 0 0 15993157 6683669 9309488 0 5280007 0 5280007 79488241 0 Deferred Resident Entry Fees 61100082 Gift Annuities Payable 253772 61353854 X 24796438 0 0 0 0 0 24796438 84935 805505 890440 25686878 23734888 0 0 0 0 0 23734888 0 260453 260453 23995341 Schedule D, Part V, Line 4 Resident assistance, employee education, music performances, child care assistance: all endowment funds are for the support of Kendal at Hanover's mission. Schedule D, Part X, Line 2 Kendal at Hanover follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. The guidance further prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The application of this standard has no impact on the Kendal at Hanover financial statements. Schedule D, Part XI, Line 4b Contributions $484,010 and Realized Gains on Investments $321,495 Schedule D, Part XII, Line 4b Temporary restricted funds transferred to operations $260,453 1 Tuition assistance for employees 28 51821 0 cost Donations to charitable institutions 7 17706 3949 cost Donated Food Schedule I, Part I, Line 2 Human Resources receives requests for tuition reimbursement from employees. These requests must be approved by the employee's supervisor, department director and the Executive Director. Policies are in place that dictate how much assistance is available per employee per year based on full or part-time status. An agreement is signed between Kendal at Hanover and the employee that they must receive a C or B+ (for graduate work) to keep their reimbursement. Human Resources tracks this. X 0 0 0 0 0 0 0 0 0 Rebecca A Smith Executive Director, CEO 232031 0 0 0 0 0 0 0 11773 0 243804 0 0 0 Brent B Edgerton Assoc Exec Director, CFO 172438 0 0 0 0 0 0 0 19117 0 191555 0 0 0 Diana M Cox Director of Resident Health Care Services 139991 0 0 0 0 0 0 0 22668 0 162659 0 0 0 Laurie Flynn Director of Nursing 105230 0 0 0 0 0 0 0 17647 0 122877 0 0 0 A NH Health & Education Facilities Authority 020279866 644614KJ7 2004-10-13 13725000 secure lower cost of debt 1 0 0 B NH Health & Education Facilities Authority 020279866 644614KN8 2004-10-13 15545000 secure lower cost of debt 1 0 0 C NH Health & Education Facilities Authority 020279866 644614WP0 2011-01-03 16365000 converted to bank qualified loan 1 0 0 A 7765000 542519 13725000 13725000 0 0 254901 0 0 0 0 0 2004 0 0 1 1 B 5415000 357537 15545000 0 0 0 287441 0 0 0 0 0 2004 0 0 1 1 C 1100000 195013 16365000 0 0 0 108485 0 0 0 0 0 2011 0 0 1 1 A 0 1 1 1 0 0.0007 0.0021 0.0028 0 0 1 B 0 1 1 1 0 0.0007 0.0021 0.0028 0 0 1 C 0 1 1 1 0 0.0007 0.0021 0.0028 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part IV, Line 2c-10/13/2004 13,725,000 NH Health & Education For the Interim Period 10/13/04 through 10/13/13. Rebate Payment Due $0.00. As no payment is due to the United States, no Internal Revenue Service Form 8038-T need be filed. Form 990, Part VI, Section A, Line 7b The Kendal Corporation has to approve any changes in Kendal at Hanover's by-laws, additional debt and any resident contract changes. Form 990, Part VI, Section B, Line 11b The 990 is prepared by the Controller and then reviewed by the Assoicate Executive Director/CFO. It is then shared with the Executive Director/CEO and the Board of Directors for any feedback and/or comments prior to submission. Form 990, Part VI, Section B, Line 12c Our conflict of interest policy states: "Individuals shall not use thier positions, or knowledge gained therefrom, in such a way that a conflict would arise between the interest of Kendal at Hanover and that of the individual or entity in which that individual has an interst. Any individual covered by this policy having a potential conflict of interest on any matter should disclose the conflict of interest, abstain from discussion and not use personal influence on the matter. The minutes of the meeting should reflect that a disclosure was made and any abstention from discussion. A full disclosure of all facts pertaining to any transaction that is subject to any doubt concerning the possible existence of a conflict of interest shall be made before consummating the transaction. A full disclosure shall be made annually, or when a potential for a conflict of interest presents itself, concerning the relevant interest, activities, services, investments and information. An annual disclosure shall be made by survey at the direction of the Audit Committee of the Board of Directors of Kendal at Hanover, or during the year as potential conflicts of interest of perceived conflicts of interest may occur. Relevant and material disclosures on conflicts of interest shall be appropriately noted in the audited financial statements of Kendal at Hanover on an annual basis." Form 990, Part VI, Section B, Line 15 It is Kendal at Hanover's Board of Director's charge to evaluate the Executive Director on an annual basis and approve the compensation for that position. The Executive Director evaluates top management and their compensation is adjusted annually. All other positions are evaluated annually based on Human Resource's compensation policies and procedures. A market analysis is done annually for all positions; the last one done in October 2013. Form 990, Part VI, Section C, Line 19 The annual Disclosure Statement is made available to all current residents and to to interested parties on our website. This statement includes the conflict of interest disclosure. The 990 is available on the website, at our reception desk and in our library. The audited financial statements as well as interim financials are available in our library. The audited financial statements are also available on our website. Kendal at Oberlin 600 Kendal Drive Oberlin OH 440741900 341567246 Operate CCRC OH 501(c)(3) 9 N/A 0 Kendal at Ithaca 2230 North Triphammer Road Ithaca NY 14850 521787487 Operate CCRC NY 501(c)(3) 9 N/A 0 Barclay Friends 700 N Franklin St West Chester PA 19380 232088476 Operate CCRC PA 501(c)(3) 7 N/A 0 The Kendal Corporation 1107 East Baltimore Pike Kennett Square PA 19348 232688382 Develope & provide administration for CCRC's PA 501(c)(3) 11 Type III N/A 0 Kendal Charitable Funds 1107 East Baltimore Pike Kennett Square PA 19348 232626425 Manage charitable contributions to primarily benefit affiliates PA 501(c)(3) 7 N/A 0 Kendal-Crosslands Communities PO Box 100 Kennett Square PA 19348 231906212 Operate CCRC PA 501(c)(3) 9 N/A 0 Kendal on Hudson 1010 Kendal Way Sleepy Hollow NY 10591 133971396 Operate CCRC NY 501(c)(3) 9 N/A 0 Kendal at Granville 2158 Columbus Road Granville OH 43023 311657346 Operate CCRC OH 501(c)(3) 9 N/A 0 Kendal at Home 27519 Detroit Road Westlake OH 44145 200548053 Operate Home Care OH 501(c)(3) 9 N/A 0 The Lathrop Communities 100 Bassett Brook Drive Easthampton MA 01027 042996627 Operate over 55 community MA 501(c)(3) 9 N/A 0 Lexington Retirement Community Inc dba Kendal at Lexington 160 Kendal Drive Lexington VA 24450 541795871 Operate CCRC VA 501(c)(3) 9 N/A 0 Kendal New York 1010 Kendal Way Sleepy Hollow NY 10591 061656576 Provide support services in operation of Kendal on Hudson & Kendal at Ithaca NY 501(c)(3) 11 Type I N/A 0 Collington Episcopal Lifecare Community Inc 10450 Lottsford Road Mitchellville MD 20721 521281156 Operate CCRC MD 501(c)(3) 9 N/A 0 Admiral on the Lake 929 West Foster Ave Chicago IL 60640 362171730 Operate CCRC IL 501(c)(3) 9 N/A 0 Chandler Hall Health Services Inc 90 Barclay Street Newton PA 18940 232365124 Operate CCRC PA 501(c)(3) 9 N/A 0 Kendal Northern Ohio & KNO Community Outreach LLC dba Senior Independence 600 Kendal Drive Oberlin OH 44074 200547957 Supporting Organization for Kendal at Oberlin etal OH 501(c)(3) 9 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 The Kendal Corporation p 2127374 Cost