2013-05-13T15:17:19-05:00 2012-12-31 593070669 MOORE STEPHENS LOVELACE PA 311 PARK PLACE BLVD SUITE 100 CLEARWATER FL 33759 990 2012-01-01 311671731 SKIDAWAY HEALTH AND LIVING SERVICES INC SKID 9125983601 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 THOMAS L CURLESS 9125983601 2013-05-13 1 MELANIE A MCPEAK P01346034 7275314477 2012 2016-02-24 21:20:13Z THOMAS L CURLESS 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 15196438 0 X WWW.MARSHESOFSKIDAWAY.ORG X 1999 GA THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY-BASED NONPROFIT ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO PROVIDE RESIDENTS WITH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 11 11 318 30 0 0 0 0 14283791 15114897 7797 10622 53651 70919 14345239 15196438 0 0 0 0 5074724 5442196 0 0 0 10992651 11086553 16067375 16528749 -1722136 -1332311 89344794 85631362 114786365 112405244 -25441571 -26773882 X THE MARSHES OF SKIDAWAY ISLAND IS A COMMUNITY-BASED NONPROFIT ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS. WE ARE DEDICATED TO CONTINUOUS QUALITY IMPROVEMENT TO PROVIDE RESIDENTS WITH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. 0 0 9026644 11252996 THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY ("CCRC") OPERATING UNDER THE NAME "THE MARSHES OF SKIDAWAY ISLAND" (THE "COMMUNITY") AND OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO OCCUPANCY AGREEMENTS THAT REQUIRE PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THE COMMUNITY INCLUDES 182 INDEPENDENT LIVING UNITS, 171 OF WHICH WERE OCCUPIED AS OF DECEMBER 31, 2012. 2070987 2581780 THE COMMUNITY'S SKILLED NURSING FACILITY OFFERS 24-HOUR NURSING SERVICES VIA 28 SKILLED NURSING CARE BEDS. 887647 1106578 THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO RESIDENTS OF 16 ASSISTED LIVING UNITS. 196096 244462 OTHER SERVICES INCLUDE FOOD SERVICE, IN-HOME HEALTH CARE AND MEMORY CARE. 196096 244462 12181374 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 318 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X LORNA CARSWELL 9125985030 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 WILLIAM E CRAIG 0.50 X X 0 0 0 DOROTHY W COURINGTON II 0.50 X X 0 0 0 THOMAS L CURLESS 0.50 X X 0 0 0 LISA BIRCH 0.50 X 0 0 0 STEWART BROMLEY CPA CFP 0.50 X 0 0 0 ROBERT DIBENEDETTO MD 0.50 X 0 0 0 WILLIAM G FOSTER SR 0.50 X 0 0 0 KEITH DIAMOND MD 0.50 X 0 0 0 JANET K KUHN EDD RN 0.50 X 0 0 0 JAMES K EMERY 0.50 X 0 0 0 LEEANN W ALDRIDGE 0.50 X 0 0 0 WALLACE SMITH 0.50 X 0 0 0 AMANDA ELLIOTT 40.00 X 0 0 0 LORNA CARSWELL 40.00 X 71692 0 9715 71692 0 9715 0 0 0 0 LIFE CARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT FEES 694316 HERITAGE HEALTHCARE 536 OLD HOWELL RD GREENVILLE SC 29615 THERAPY CONTRACTOR 488605 ZILLNER MARKETING COMMUNICATIONS INC 8725 ROSEFIELD RD SUITE 200 LENEXA KS 66215 ADVERTISING 180056 CATSKILL BUILDERS 2305 ROWLAND AVE THUNDERBOLT GA 31404 CONSTRUCTION 148114 COASTAL FLOOR COVERING 8011 OGEECHE ROAD SAVANNAH GA 31419 CONSTRUCTION 129488 6 MONTHLY SERVICE FEES 623000 8600534 8600534 SKILLED NURSING FACILITY 623000 3688358 3688358 EARNED ENTRANCE FEES 623000 2652462 2652462 FOOD SERVICE 623000 173543 173543 15114897 10622 10622 OTHER INCOME 623000 70919 70919 70919 15196438 15185816 0 10622 71692 71692 4698332 3882071 816261 13494 10982 2512 322942 262825 60117 335736 289775 45961 670287 670287 2583 2583 42250 42250 94322 21373 72949 268740 268740 549904 418036 131868 1015215 748213 267002 65530 40844 24686 11739 11739 3182502 2345504 836998 3071888 2263981 807907 799050 585227 213823 NURSING AND ANCILLARY 683034 683034 FOOD SERVICE 572282 572282 BAD DEBTS 57227 57227 16528749 12181374 4347375 0 231851 536448 2778312 1885038 1765687 555291 86883 84789 182936 195044 89492410 17973022 73103621 71519388 8350402 8428263 446325 412481 2398777 2014620 89344794 85631362 5313657 3934913 61375370 60953724 43797807 43218263 4299531 4298344 114786365 112405244 X -25441571 -26773882 -25441571 -26773882 89344794 85631362 -1332311 0 X X 0 1 X 1 0 X 5630 5630 11285881 12599338 13650311 14283791 15114897 66934218 11285881 12599338 13655941 14283791 15114897 66939848 0 0 0 66939848 99543 9298 17268 7797 10622 144528 99543 9298 17268 7797 10622 144528 95847 88614 72109 53651 70919 381140 11481271 12697250 13745318 14345239 15196438 67465516 0.99220 0.98570 0.00210 0.00630 X 3400000 3400000 83496359 16497389 66998970 2495067 1455261 1039806 100984 20372 80612 71519388 MONEY MARKET 8428263 F 8428263 ACCRUED INTEREST 4039040 DEPOSITS 259304 4298344 15196438 0 15196438 0 15196438 16528749 0 16528749 0 16528749 A SAVANNAH ECON DEV AUTH FIXED RATE FIRST MORT BONDS SERIES 2003A 586001588 80483CDM0 2003-11-19 33375000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 B SAVANNAH ECON DEV AUTH ADJ RATE FIRST MORT BONDS SERIES 2003B 586001588 80483CDN8 2003-11-19 6000000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 C SAVANNAH ECON DEV AUTH SUBORDINATE REV BONDS SERIES 2003D 586001588 80483CDQ1 2003-11-19 5230000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 D SAVANNAH ECON DEV AUTH JR SUBORDINATE REV BONDS SERIES 2003E 586001588 80483CDR9 2003-11-19 1900000 DEVELOP AND CONSTRUCT FACILITIES AND RELATED COSTS 0 0 0 A 635000 32813870 3494851 28683519 2006 0 0 1 1 B 6000000 6000000 2006 0 0 1 1 C 5230000 5230000 2006 0 0 1 1 D 1900000 1900000 2006 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 1 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 SCHEDULE K, PART I, LINE A, COL (C) SAVANNAH ECON. DEV. AUTH. FIXED RATE FIRST MORT. BONDS, SERIES 2003A THE CUSIP NUMBERS FOR THE SAVANNAH ECONOMIC DEVEVELOPMENT AUTHORITY FIXED RATE FIRST MORTGAGE BONDS, SERIES 2003A ARE AS FOLLOWS: 80483CDH1 (MATURITY DATE: 1/1/09) 80483CDJ7 (MATURITY DATE: 1/1/19) 80483CDK4 (MATURITY DATE: 1/1/24) 80483CDL2 (MATURITY DATE: 1/1/12) 80483CDM0 (MATURITY DATE: 1/1/34) SCHEDULE K, PART II, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE: THE TOTAL PROCEEDS FOR SERIES 2003A BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS A UNDERWRITERS DISCOUNT OF $561,630. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A MANAGEMENT COMPANY, LIFE CARE SERVICES LLC (LCS), TO MANAGE THE DAY-TO-DAY OPERATIONS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES, DIRECTIVES, AND GOALS. THE EXECUTIVE DIRECTOR OF THE HEALTH CARE CENTER IS A LCS EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN ITS ENTIRETY BY THE FINANCE COMMITTEE AND THE EXECUTIVE DIRECTOR BEFORE IT IS FILED WITH THE IRS. A COPY OF THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHENEVER A CONFLICT IS IDENTIFIED THROUGH THE ANNUAL DISCLOSURE PROCESS. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS RESTS IN THEIR DISCRETION, AND THEIR CONCERN IS THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. THE ORGANIZATION USES AN INDEPENDENT MANAGEMENT COMPANY AND DOES NOT DIRECTLY PAY COMPENSATION TO THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS, OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND FOR REVIEW IN ITS OFFICE. OVERSIGHT OF AUDIT FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GENERAL DISCLOSURE: SOCIAL ACCOUNTABILITY THE ORGANIZATION PROVIDES VARIOUS OPPORTUNITIES TO IMPROVE THE LIVES OF THE SENIORS IN THE AREA AND TO GIVE BACK TO THE COMMUNITY IN WHICH THE ORGANIZATION SERVES. THE ORGANIZATION AND ITS EMPLOYEES SUPPORT A VARIETY OF LOCAL CHARITIES THROUGH BOTH MONETARY AND NONCASH ITEM CONTRIBUTIONS. ACTIVITY PERFORMED THROUGHOUT THE REPORTING YEAR INCLUDES: 1) FACILITY SPACE AVAILABILITY FOR BLOOD DRIVES - 2 HOURS VOLUNTEER TIME. 2) SHOP TOOLS AND CARPET DONATIONS TO THE HUMANE SOCIETY. 3) LUNCH AND SUPPLIES WERE PROVIDED TO LEUKEMIA CUP TENNIS TOURNAMENT GUESTS AND PARTICIPANTS - 14 HOURS VOLUNTEER TIME. 4) RAFFLE FOR BOOKBAGS TO ASSIST EMPLOYEES AND THEIR CHILDREN - 4 HOURS VOLUNTEER TIME. 5) DONATION OF GOLF CLUBS, BAGS AND OTHER GOLF ACCESSORIES TO STUDENTS - 3 HOURS VOLUNTEER TIME. 6) CELL PHONE AND RELATED ACCESSORIES GIVEN TO SOLDIERS OVERSEAS - 2 HOURS VOLUNTEER TIME. 7) DONATION OF 90 TEDDY BEARS TO CHILDREN THROUGH THE SALVATION ARMY. 8) CARPET DONATION (1800 SQ. FT) TO COASTAL HABITAT FOR HUMANITY. MONETARY DONATIONS WERE PROVIDED TO THE FOLLOWING: 1) SECOND HARVEST FOOD BANK - 6 HOURS VOLUNTEER TIME. 2) OLD SAVANNAH CITY MISSION - 4 HOURS VOLUNTEER TIME. 3) RONALD MCDONALD HOUSE - 2 HOURS VOLUNTEER TIME. 4) COASTAL EMPIRE HABITAT FOR HUMANITY - 2 HOURS VOLUNTEER TIME. 5) ALZHEIMERS ASSOCIATION - 2 HOURS VOLUNTEER TIME. 6) LEUKEMIA/LYMPHOMA SOCIETY - 2 HOURS VOLUNTEER TIME. 7) HUMANE SOCIETY - 3 HOURS VOLUNTEER TIME. 8) THE LIVING VINE, INC., BLESSINGDALES - 3 HOURS VOLUNTEER TIME. 9) SALVATION ARMY - 15 HOURS VOLUNTEER TIME. TOTAL MONETARY VALUE PROVIDED TO THE COMMUNITY EQUALS OVER $16,100 WITH A TOTAL OF 64 VOLUNTEER HOURS PERFORMED. OVER 3,000 INDIVIDUALS WERE SERVED WITH THE ABOVE CHARITABLE ACTIVITIES.