2013-11-14T14:37:50-06:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 101 N TRYON STREET SUITE 1000 CHARLOTTE NC 28246 990 2012-01-01 560547462 ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC ALDE 7045325211 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 KENNIE M STILL 7045325211 2013-11-14 1 JOHN NORMAN P01506766 7049985200 2012 2016-02-24 21:20:13Z SUZANNE H PUGH 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 28497313 0 X WWW.ALDERSGATECCRC.COM X 1945 NC PROVISION OF EXCELLENT CONTINUING CARE SERVICES FOR OLDER ADULTS. 16 16 466 84 0 0 535249 319385 26356325 27194452 1609285 983476 0 0 28500859 28497313 0 0 0 0 12072950 14501642 0 0 130815 15891206 13833675 27964156 28335317 536703 161996 77435410 77654610 76418629 74464365 1016781 3190245 ALDERSGATE IS A MINISTRY OF THE WESTERN NORTH CAROLINA CONFERENCE OF THE UNITED METHODIST CHURCH AND OFFERS EXCEPTIONAL QUALITY OF LIFE OPPORTUNITIES FOR OLDER ADULTS ACROSS A CONTINUUM OF HOUSING AND HEALTH CARE OPTIONS. 0 0 24781207 27194452 ALDERSGATE PROVIDES AFFORDABLE HOUSING, MEALS, SECURITY, ASSISTANCE WITH ESSENTIAL ACTIVITIES OF DAILY LIVING, SKILLED NURSING CARE, AND RELATED SERVICES DESIGNED SPECIFICALLY FOR SENIOR ADULTS WHILE OFFERING RELIGIOUS, CULTURAL, RECREATIONAL AND OTHER ACTIVITIES INCLUDING OPPORTUNITIES FOR COMMUNITY VOLUNTEERING AND TRANSPORTATION TO EVENTS AND APPOINTMENTS. SERVICES ARE PROVIDED 24 HOURS PER DAY. ALDERSGATE MAKES EVERY EFFORT TO CONTINUE PROVIDING SERVICES TO RESIDENTS WHO NEED SUPPLEMENTAL FINANCIAL ASSISTANCE. IN 2011, ALDERSGATE PROVIDED LAND AND/OR BUILDINGS AT NO COST TO THREE 501(C)(3) CHARITABLE ORGANIZATIONS AND ONE LOCAL GOVERNMENT AGENCY. THE ESTIMATED MARKET VALUE OF THE RENT CONCESSIONS PROVIDED IS $675,749. 24781207 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 64 0 466 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X LUTHER SHORT CHIEF FINANCIAL OFFICER 7045327000 3800 SHAMROCK DRIVE CHARLOTTE NC 28215 ROY H WIGGINS 10.00 X X 0 0 0 WILLAM K SPRINGS 10.00 X X 0 0 0 REVEREND PATIENCE BRUMLEY 5.00 X 0 0 0 RAYMOND CATHEY 1.00 X 0 0 0 MARK B EDWARDS 1.00 X 0 0 0 MARGARET FISHER 1.00 X 0 0 0 BETTY JO HARDY 1.00 X 0 0 0 REVEREND WILLIAM T JEFFRIES 1.00 X 0 0 0 SUSAN S KEEVER 1.00 X X 0 0 0 JOSEPH A LIPE 1.00 X 0 0 0 ROBERT LOWRANCE 1.00 X 0 0 0 PETROLIA G NORMAN 1.00 X 0 0 0 MARIE PEARCE 1.00 X 0 0 0 REVEREND F OSCAR SMITH 1.00 X 0 0 0 T MARK WHITE 1.00 X 0 0 0 BASIL WILLAIMS 1.00 X 0 0 0 F CROWDER FALLS 1.00 X 0 0 0 J CARROLL THOMAS 1.00 X 0 0 0 REVEREND JAMES TROLLINGER 1.00 X 0 0 0 SUZANNE HODGE PUGH 70.00 X 171904 0 5201 MICHAEL HOLTZCLAW 50.00 X 140484 0 0 EMILY NUNN 60.00 X 106816 0 0 YVETTE PORTERFIELD 50.00 X 102346 0 15031 521550 0 20232 5 0 1 0 GENESIS ELDERCARE REHAB SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 PHYSICAL THERAPY 2128741 OMNI CARE INC PO BOX 715218 COLUMBUS OH 43271 PHARMACY SERVICES 900008 SODEXHO & AFFILIATES INC PO BOX 536972 ATLANTA GA 30355 FOOD AND ENVIRONMENTAL 439474 PIKE'S PHARMACY 2133 SHAMROCK DRIVE CHARLOTTE NC 28205 PHARMACY SERVICES 182482 LANKFORD FLOORING & CONTRACTING 2117 NORTH DAVIDSON STREET CHARLOTTE NC 28205 CONSTRUCTION SERVICES 140349 6 319385 319385 RESIDENT REVENUE 623311 25463358 25463358 ENTRANCE FEES EARNED 623311 1523757 1523757 207337 207337 27194452 570676 570676 412175 625 0 0 412175 625 412800 412800 28497313 27194452 0 983476 403811 403811 12222213 11341751 811506 68956 32669 27467 5202 1052632 779731 272901 790317 710612 74499 5206 45830 45830 57825 57825 2828270 2079168 733285 15817 238007 235565 2442 102045 22733 48419 30893 111573 111573 57202 20663 36539 1407437 1371438 35999 30770 7721 16555 6494 46045 8014 37024 1007 1644550 1619037 25513 3933785 3635081 298704 308367 135822 172545 MEDICAL RX, SUPPLIES 3021969 3021969 28335317 24781207 3423295 130815 1800 1800 479043 970659 964275 1366172 88395 91553 189932 288554 97264565 45785030 54087570 51479535 19688144 21663702 1936251 1792635 77435410 77654610 2124470 1681840 5232661 5225144 34605556 33802065 34455942 33755316 76418629 74464365 X -1783916 516612 2198033 2067812 602664 605821 1016781 3190245 77435410 77654610 X 161996 1706877 304591 X X 0 1 X 1 0 X 741100 614204 550375 535249 319385 2760313 19153973 23172597 25058029 26356325 27194452 120935376 19895073 23786801 25608404 26891574 27513837 123695689 6875 8430 7242 3281 7470 33298 1754809 291656 241139 60455 2348059 1761684 300086 248381 3281 67925 2381357 121314332 165196 908045 1557028 703999 570676 3904944 165196 908045 1557028 703999 570676 3904944 -478965 -478965 20060269 24215881 27165432 27595573 28084513 127121668 0.95430 0.93030 0.03070 0.03920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1434667 73843 1508510 1403264 31403 1434667 1016977 728285 109707 451705 1403264 854598 162379 1016977 854598 854598 0.46150 0.40160 0.13690 0 0 93672 93672 80325486 35500766 44824720 9985054 7826837 2158217 6860353 2457427 4402926 51479535 MUTUAL FUNDS 15205615 F ALETNATIVE INVESTMENTS 1151795 F EQUITIES 5128833 F CASH AND EQUIVALENTS 177459 F 21663702 ENTRANCE FEE DEPOSITS 4094 REFUNDABLE ENTRANCE FEES 30921545 FAIR VALUE OF SWAP 2643023 ARO LIABILITY 156654 OTHER LT LIABILITIES 30000 33755316 X 28671497 404021 404021 28267476 229837 229837 28497313 28335135 0 28335135 182 182 28335317 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION USES ENDOWMENT FUNDS TOWARDS VARIOUS DONOR DESIGNATED PURPOSES INCLUDING FINANCIAL ASSISTANCE TO RESIDENTS UNABLE TO PAY AND EMPLOYEE TRAINING. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: SHOULD THE TAX-EXEMPT STATUS OF THE ORGANIZATION BE CHALLENGED IN THE FUTURE, THE 2009, 2010, AND 2011 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE ORGANIZATION ADOPTED ACCOUNTING GUIDANCE REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELEASES OF RESTRICTED NET ASSETS USED FOR SERVICES 404,021. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 163,693. RESTRICTED INVESTMENT INCOME 65,962. OTHER 182. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER 182. 1 X X X 0 0 0 0 0 0 0 0 0 SUZANNE HODGE PUGH 171904 0 0 0 0 0 5201 0 0 0 177105 0 0 0 A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2009-12-30 29995000 TO REFUND 2001 BONDS 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2010-04-13 8605000 TO REFUND 2001 BONDS 0 0 0 A 29995000 320000 1 0 1 1 B 8605000 104836 4261768 677316 1 0 1 1 A 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 1 0 0 0 1 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS FORM 990 AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS ARE COVERED AND SIGN THE CONFLICT OF INTEREST POLICY. ITEMS THAT REPRESENT MAJOR EXPENDITURES ARE SUBJECT TO A BID PROCESS WHERE THE LOWEST COST PROVIDER OF THE DESIRED SERVICE IS GENERALLY SELECTED. FORM 990, PART VI, SECTION B, LINE 15 ALL POSITIONS INCLUDING KEY EMPLOYEES IN THE COMPANY ARE COMPARED PERIODICALLY (GENERALLY ANNUALLY) TO WAGE DATA THAT IS DEVELOPED INDEPENDENTLY THROUGH A LOCAL EMPLOYERS ASSOCIATION. THE WAGES ARE REVIEWED TO SEE THAT THEY ARE COMPETITIVE IN THE LOCAL MARKET. COMPENSATION OF THE TOP MANAGEMENT OFFICIAL IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE FILED ANNUALLY WITH THE NORTH CAROLINA DEPARTMENT OF INSURANCE AND PUBLISHED ON ITS WEBSITE. THEY ARE ALSO PRINTED ANNUALLY IN STATUTORILY REQUIRED DISCLOSURE STATEMENTS WHICH ARE AVAILABLE TO THE PUBLIC. ARTICLES OF INCORPORATION ARE AVAILABLE ONLINE AT THE NORTH CAROLINA SECRETARY OF STATE WEBSITE. THE CONFLICTS OF INTEREST POLICY IS AVAILABLE FOR EXAMINATION UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 304,591. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAS ESTABLISHED ITS AUDIT COMMITTEE TO ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.