2013-08-14T08:18:16-07:00 2013-03-31 990 2012-04-01 020519490 KENDAL AT HANOVER I KEND 6036438900 80 Lyme Road Hanover NH 03755 Brent Edgerton 6036437004 2013-08-14 2012 2016-02-24 21:20:13Z Kendal at Hanover I 80 Lyme Road Hanover NH 03755 46393697 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 16 385 90 0 0 176825 569901 21792004 22352125 1342231 503711 667676 692350 23978736 24118087 76532 75788 0 0 10515696 10639999 0 0 0 11791134 12338719 22383362 23054506 1595374 1063581 119467286 125267295 94244868 96323896 25222418 28943399 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 19029108 21166 22386778 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 406 residents. 0 54622 0 Education reimbursement given to 30 employees over the year for continuing education. 0 0 0 19029108 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 36 0 1 385 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 Kendal at Hanover I 6036437004 80 Lyme Road Hanover NH 03755 Virginia Allison 1 0 X 0 0 0 Roberta J Berner 1 0 X 0 0 0 Frances C Brokaw 1 0 X 0 0 0 Joan Burchenal 1 0 X 0 0 0 Robert B Donin 1 0 X 0 0 0 Ella A Erway 1 0 X 0 0 0 Arthur Z Gardiner Jr 1 0 X 0 0 0 John A Hochreiter 1 0 X 0 0 0 John W Kirk 1 0 X 0 0 0 Frank M Lesher 1 0 X 0 0 0 Stephen R Marion 1 0 X 0 0 0 Anne Page 1 0 X 0 0 0 Stanley A Pelli 1 0 X 0 0 0 Kathryn G Underwood 1 0 X 0 0 0 Linda J von Reyn 1 0 X 0 0 0 Michael F Wagner 1 0 X 0 0 0 Brent B Edgerton 50 0 X 168127 0 18669 Diana M Cox 45 0 X 142665 0 22489 Laurie Flynn 45 0 X 103317 0 8834 Rebecca A Smith 50 0 X 225281 0 11748 639390 0 61740 4 0 1 0 Engelberth Construction Inc 463 Mountain View Drive Colchester VT 05446 Construction 5013335 Lavallee Brensinger Architects 155 Dow Street Suite 400 Manchester NH 03101 Architect 275606 ARC Mechanical Contractor PO Box 724 299 Depot Street Bradford VT 050330724 HVAC Construction 259287 Genesis Eldercare Rehabilatation Services PO Box 7247-6524 Philadelphia PA 191706524 Rehab Therapy 169190 Odell Construction 601 Cadwell Road East Thetford VT 05043 Construction 157060 6 0 0 0 0 0 569901 0 569901 Resident Fees - Apartment 623311 13175369 13175369 0 0 Resident Fees - Healthcare 623311 4313799 4313799 0 0 Amortization Entry Fees 623311 4862957 4862957 0 0 0 0 0 0 22352125 885215 0 0 885215 0 0 0 0 0 0 0 0 48800 0 0 0 48800 0 48800 0 0 48800 21894106 0 22274926 684 -380820 -684 -381504 0 0 -381504 0 Child Day Care 624410 285430 0 0 285430 Net Assets Released from Restrictions 900099 229765 0 0 229765 Food Service 722210 93702 0 0 93702 34653 34653 0 0 643550 24118087 22386778 0 1161408 0 0 75788 75788 0 0 0 0 537103 142665 394438 0 0 0 0 0 7220269 6198994 1021275 0 863135 0 863135 0 1482565 1212376 270189 0 536927 445692 91235 0 296860 232190 64670 0 109380 0 109380 0 42750 0 42750 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26622 0 26622 0 243587 44917 198670 0 162926 0 162926 0 0 0 0 0 3757685 3757685 0 0 136899 65594 71305 0 0 0 0 0 53419 19103 34316 0 0 0 0 0 668280 0 668280 0 3520248 3520248 0 0 121346 121346 0 0 Equipment & Repair 604522 598315 6207 0 Food Costs 1078347 1078347 0 0 Staff Recruitment 18868 18868 0 0 Health Center Related Costs 1066161 1066161 0 0 430819 430819 0 0 23054506 19029108 4025398 0 621 639 4848772 4973005 0 0 1947458 2607213 0 0 0 0 0 0 305779 265115 0 0 115100454 42717795 68452179 72382659 43297477 44434664 0 0 0 0 0 0 615000 604000 119467286 125267295 3888427 4521683 0 0 0 0 35298160 33326313 0 0 0 0 0 0 0 0 55058281 58475900 94244868 96323896 X 18735541 21702303 5222890 5959894 1263987 1281202 25222418 28943399 119467286 125267295 1063581 2657400 0 0 0 0 X 0 1 X 1 0 X 462755 686536 219754 176825 569901 2115771 22539664 21740931 22990268 23202305 25775198 116248366 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23002419 22427467 23210022 23379130 26345099 118364137 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 118364137 1189402 1167110 1179750 814486 902918 5253666 0 0 0 0 0 0 1189402 1167110 1179750 814486 902918 5253666 0 0 0 0 0 0 0 0 0 0 0 0 24191821 23594577 24389772 24193616 27248017 123617803 0.95750 0.95075 0.04250 0.04925 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 826243 168100 0 0 0 0 994343 0 1 0 0 0 0 1155188 1155188 0 95238247 36984332 58253915 0 0 0 0 0 15157079 5733463 9423616 0 3549940 0 3549940 72382659 0 Deferred Resident Entry Fees 58147559 Gift Annuities Payable 328341 58475900 X 23818688 0 0 0 0 0 23818688 111000 188399 299399 24118087 22824742 0 0 0 0 0 22824742 0 229764 229764 23054506 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Resident assistance, Entry Fee assistance, employee education, music performances, child care assistance: all endowment funds are for the support of Kendal at Hanover's mission. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Audit Footnote: 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. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Contributions $569,901 and Realized Gains on Investments $(381,502) SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Temporary restricted funds transferred to operations $229,764 1 Tuition assistance for employees 35 54622 0 cost Donations to charitable institutions 7 13875 5641 cost Donated food SchI_P01_S00_L02 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 225281 0 0 0 0 0 0 0 11748 0 237029 0 0 0 Brent B Edgerton 168127 0 0 0 0 0 0 0 18669 0 186796 0 0 0 Diana M Cox 142665 0 0 0 0 0 0 0 22489 0 165154 0 0 0 Laurie Flynn 103317 0 0 0 0 0 0 0 8834 0 112151 0 0 0 A NH Health & Education Facilities Authority 020279866 644614KJ7 2004-10-13 13725000 secure lower cost of debt 0 0 0 B MH Health & Education Facilities Authority 020279866 644614KN8 2004-10-13 15545000 secure lower cost of debt 0 0 0 C New Hampshire Health & Educational Facilities Authority 020279866 644614WP0 2011-01-03 16365000 converted to bank qualified loan 0 0 0 A 6735000 0 13725000 13725000 0 0 254901 0 0 0 0 0 2004 0 0 1 1 B 4720000 15545000 15545000 0 0 0 287441 0 0 0 0 0 2004 0 0 1 1 C 720000 0 16365000 16365000 0 0 108485 0 0 0 0 0 2011 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 C 0 0 0 0 0 0 0 1 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 0 0 0 0 0 0 0 1 F990_P06_S0A_L07b 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. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 is prepared by the Controller and then reviewed by the Associate Executive Director/CFO. It is then shared with the Executive Director/CFO and the Board of Directors for any feedback and/or comments prior to submission. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Our conflict of interest policy states: "Individuals shall not use their 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 interest. 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 statement of Kendal at Hanover on an annual basis." F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 It is Kendal at Hanover's Board of Directors' 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 July 2012. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The annual Disclosure Statement is made available to all current residents and 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 Kendal at Lexington 160 Kendal Drive Lexington VA 24450 541795871 Operate CCRC VA 501(c)(3) 9 N/A 0 Lexington Health Investors 160 Kendal Drive Lexington VA 24450 541956103 Operate skilled nursing home 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 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 Kendal Charitable Funds c 5250 The Kendal Corporation n 0 The Kendal Corporation p 821525