2013-04-08T09:00:03-05:00 2012-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2011-07-01 352084623 HOLY CROSS VILLAGE AT NOTRE DAME INC HOLY 5742871838 54515 State Road 933 North PO Box 303 Notre Dame IN 465560303 JOHN MAUCH 2013-04-05 true Nicole Bencik P00756195 3128997000 2011 2016-02-25 16:41:14Z JOHN MAUCH 54515 State Road 933 North Notre Dame IN 465560303 13713575 false 0928 X WWW.HOLYCROSSVILLAGE.COM X 1999 IN HOLY CROSS VILLAGE AT NOTRE DAME IS AN INTERDEPENDENT COMMUNITY ENERGIZED BY HOLY CROSS SPIRITUALITY AND HOSPITALITY, AND DEDICATED TO PROVIDING A NURTURING ENVIRONMENT FOCUSED ON DIGNITY AND RESPECT. 12 11 153 61 473010 0 1104179 29726 11155862 11781371 207109 159402 19651576 568045 32118726 12538544 4333 2949 0 0 4247402 4725121 0 0 0 11589300 10675449 15841035 15403519 16277691 -2864975 61176332 58772751 56151035 56384804 5025297 2387947 X HOLY CROSS VILLAGE AT NOTRE DAME IS AN INTERDEPENDENT COMMUNITY ENERGIZED BY HOLY CROSS SPIRITUALITY AND HOSPITALITY, AND DEDICATED TO PROVIDING A NURTURING ENVIRONMENT FOCUSED ON DIGNITY AND RESPECT. (CONTINUED IN SCHEDULE O) false false 8202844 1880 7426025 INDEPENDENT AND ASSISTED LIVING: HOLY CROSS VILLAGE AT NOTRE DAME (HOLY CROSS VILLAGE) PROVIDES A COMPREHENSIVE SELECTION OF RESIDENTIAL LIVING OPTIONS SUPPORTED BY A FULL CONTINUUM OF ON-SITE HEALTH CARE. INDEPENDENT LIVING RESIDENTS ENJOY AN ACTIVE LIFESTYLE, COMPLEMENTED BY SUPERIOR SERVICES AND AMENITIES. PLUS, THEY HAVE THE ASSURANCE OF ON-SITE QUALITY HEALTH CARE, IF EVER NEEDED, AT AN AFFORDABLE, PREDICTABLE COST. (CONTINUED IN SCHEDULE O) 4665917 1069 4355346 SKILLED NURSING AND MEMORY CARE: HOLY CROSS VILLAGE IS LICENSED BY THE STATE DEPARTMENT OF HEALTH AS A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) AND A SKILLED NURSING FACILITY. SERVICES ARE RESIDENT-CENTERED AND ARE FOCUSED ON LONG-TERM HEALTH CARE NEEDS AND/OR DIRECTED TO INDIVIDUALS THAT ARE RECOVERING FROM A BRIEF ILLNESS AND NEED TO REBUILD STRENGTH. (CONTINUED IN SCHEDULE O) 12868761 true false false false false false false false true true false false true true true true false false false false false false false false false false false false false true false false false false false false false false true false false false false false false true false false false false true 165 0 true 153 true true true false false false false false false false false false X 12 11 false true true false true true true true true false false true true true true true true false false false IN X JANET TODD 5742871838 54515 STATE ROAD 933 NORTH NOTRE DAME IN 465560303 X BR JOHN MAY CSC 1.00 X X 0 0 0 THOMAS CASSADY JR 1.00 X X 0 0 0 BR CHESTER FREEL CSC 1.00 X 0 0 0 BR JAMES VAN DYKE CSC 1.00 X 0 0 0 BR MARK KNIGHTLEY CSC 1.00 X 0 0 0 CONNIE MCCAHILL 1.00 X 0 0 0 KATHLEEN BRICKLEY 1.00 X 0 0 0 PAT CRESSY 1.00 X 0 0 0 PERRY WATSON III 1.00 X 0 0 0 RICHARD HILMAN 1.00 X 0 0 0 SR RUTH MARIE NICKERSON CSC 1.00 X 0 0 0 TOM VELDMAN 1.00 X 0 0 0 JANET TODD 65.00 X 63277 0 8607 JOHN MAUCH 50.00 X 0 0 0 63277 0 8607 0 false false false SODEXO INC AND AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 DINING SERVICES 1647845 FRANCISCAN SISTERS OF CHICAGO SERVICE CORP 1055 W 175TH ST STE 202 HOMEWOOD IL 60430 MANAGEMENT/OTHER SERVICES 680730 ALLIANCE REHAB INC 1520 KENSINGTON RD SUITE 110 OAKBROOK IL 60523 THERAPY SERVICES 305069 NORTH AMERICA ADMINISTRATORS 1826 ELM HILL PIKE NASHVILLE IN 37210 ADMINISTRATION OF SELF-FUNDED EMPLOYEE HEALTH INSURANCE PLAN 211050 TALBOOM LAWNCARE-LANDSCAPE INC 26981 KLINE TRAIL SOUTH BEND IN 46614 LAWNCARE/LANDSCAPING SERVICES 144733 6 1115 28611 29726 INDEPENDENT AND ASSISTED LIVING 623000 7426025 7426025 NURSING SERVICES 623000 4355346 4355346 0 0 0 0 11781371 162645 162645 0 0 12317 12317 0 12317 12317 1171788 0 1177787 -2756 -5999 2756 -3243 -3243 0 0 0 HOUSEKEEPING/MAINTENANCE CONTRACTS 811000 473010 473010 DINING/CAFETERIA/SNACK SHOP 900099 66142 66142 PURCHASE DISCOUNTS 900099 10497 10497 6079 0 0 6079 555728 12538544 11781371 473010 254437 2949 2949 0 0 0 114915 114915 33405 33405 3414489 2869273 545216 71500 61005 10495 832171 686423 145748 258641 211387 47254 480400 480400 63205 63205 51964 51964 0 0 0 2548623 2307940 240683 75947 75947 1376971 1197822 179149 8078 8078 0 716978 656281 60697 22518 6441 16077 0 12145 5311 6834 1631160 1631160 0 3358534 2994589 363945 156490 114731 41759 BAD DEBT EXPENSE 45833 45833 DUES AND SUBSCRIPTIONS 20313 3366 16947 RECRUITMENT, TRAINING AND DEVELOPMENT 33842 7275 26567 UNIFORMS 8120 7977 143 64328 25593 38735 0 15403519 12868761 2534758 0 0 2310324 1584054 2686435 4677439 1197095 648108 34913 42079 58015 29781 56226956 15835720 43100053 40391236 7297901 6661791 1137443 1201944 0 0 3354153 3536319 61176332 58772751 1210517 1186013 112003 81414 27989724 27578476 26838791 27538901 56151035 56384804 X 3837854 1136003 1187443 1251944 5025297 2387947 61176332 58772751 X -2864975 227625 X false true true X false X 867294 651534 678610 1104179 29726 3331343 7804818 10903589 11660683 11155862 11781371 53306323 116255 163861 730690 19003064 82718 20096588 0 0 8788367 11718984 13069983 31263105 11893815 76734254 0 0 0 0 0 0 0 0 76734254 470444 169782 126177 198379 174962 1139744 0 470444 169782 126177 198379 174962 1139744 0 0 0 0 0 0 0 0 0 102029 0 102029 9258811 11888766 13196160 31563513 12068777 77976027 0.98410 0.98420 0.01460 0.01430 X OTHER INCOME, SCHEDULE A, PART III, LINE 12, DESCRIPTION - MANAGEMENT CONTRACTS, COLUMN A - 0, COLUMN B - 0, COLUMN C - 0, COLUMN D - 102029, COLUMN E - 0, COLUMN F - 102029;, 75835 1441 3511 73765 65229 12328 1722 75835 57995 0 8715 1481 0 0 65229 0 60000 -2005 0 0 0 57995 0.00000 1.00000 0.00000 true false 0 36692654 8140855 28551799 3865632 1870472 1995160 15397858 5824393 9573465 270812 270812 40391236 DEFERRED MARKETING COSTS 2016397 DEFERRED BOND ISSUANCE COSTS 970635 DUE FROM AFFILIATE - BROTHERS OF HOLY CROSS 465404 DUE FROM AFFILIATE - HOLY CROSS COLLEGE 83883 3536319 0 REFUNDABLE AND UNEARNED ENTRANCE FEES 25883560 DUE TO AFFILIATE - HOLY CROSS VILLAGE FOUNDATION 915400 RESIDENT DEPOSITS 519500 ACCRUED INTEREST PAYABLE 203507 CAPITAL LEASE OBLIGATION 16934 27538901 12538544 15403519 -2864975 123208 104417 227625 -2637350 13163768 123208 502016 625224 12538544 0 0 12538544 15403519 0 0 15403519 0 0 15403519 Intended uses of endowment funds Schedule D, Part V, Line 4 ENDOWMENT FUNDS ARE HELD BY THE COMMUNITY FOUNDATION OF ST. JOSEPH COUNTY FOR THE BENEFIT OF HOLY CROSS VILLAGE AT NOTRE DAME. THE ENDOWMENT FUNDS ARE INTENDED TO PROVIDE FUNDING TO SUPPORT HOLY CROSS VILLAGE AT NOTRE DAME'S MISSION AND TAX-EXEMPT PURPOSE. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE ORGANIZATION IS EXEMPT FROM INCOME TAXES ON INCOME FROM RELATED ACTIVITIES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES. U.S. GAAP REQUIRES THAT A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO U.S. FEDERAL INCOME TAX OR STATE INCOME TAX. THE ORGANIZATION'S FORM 990 HAS NOT BEEN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE STATE OF INDIANA FOR THE LAST THREE YEARS. THE ORGANIZATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE ORGANIZATION RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE ORGANIZATION DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2012 OR 2011. ST JOSEPH COUNTY INDIANA 356000194 790608CR2 2006-03-30 36701276 CONSTRUCT AND EQUIP NEW FACILITY false false false 8990000 0 38722533 1997932 3917764 0 722500 204125 0 32039432 0 0 2007 false false true true false false true true false 0.0000 0.0000 0.0000 true false true true ALLIED IRISH BANKS PLC NEW YORK BRANCH 2.5 false false true AIG MATCHED FUNDING CORPORATION 4.3 true false false TOTAL PROCEEDS OF ISSUE PART II, LINE 3 PROCEEDS OF ISSUE - $36,701,276 INVESTMENT EARNINGS ON PROCEEDS - $2,021,257 TERM OF HEDGE PART IV, LINE 3C TERM OF 2006E HEDGE - 2.5 YEARS TERM OF 2006D HEDGE - 3.5 YEARS BARBARA CASSADY SPOUSE (THOMAS CASSADY, JR.) IS A BOARD MEMBER 35242 EMPLOYEE COMPENSATION false ORGANIZATION'S MISSION (CONTINUED FROM PART III) FORM 990, PART III, LINE 1 HOLY CROSS VILLAGE AT NOTRE DAME WAS ESTABLISHED AS A FAITH-BASED, NON-PROFIT ORGANIZATION AND HAS SINCE DEDICATED ITSELF TO PROVIDING HOUSING, HEALTH CARE AND SUPPORT SERVICES EXCLUSIVELY TO OLDER ADULTS IN WAYS THAT PROMOTE INDEPENDENCE AND A HEALTHY, ACTIVE LIFESTYLE THROUGH A CONTINUING CARE RETIREMENT COMMUNITY. HOLY CROSS VILLAGE IS NORTHERN INDIANA'S PREMIER CONTINUING CARE RETIREMENT COMMUNITY. OFFERING RESIDENTIAL LIVING, LIFELONG LEARNING AND SECURITY FOR THE FUTURE, HOLY CROSS VILLAGE IS THE PERFECT RETIREMENT OPTION FOR THOSE SEEKING AN ACTIVE, INDEPENDENT LIFESTYLE WITH SERVICES AND AMENITIES TO KEEP THE MIND, BODY AND SPIRIT YOUNG. THE ORGANIZATION STRIVES TO: - ENHANCE THE QUALITY OF SENIORS' LIVES THROUGH WELLNESS PROGRAMS AND ENGAGING LIFELONG LEARNING ACTIVITIES; - PROVIDE THE HIGHEST QUALITY OF LIVING AND PERSONAL CARE WHILE RESPECTING THE RESIDENTS' INDIVIDUAL DIGNITY AND RIGHT TO PERSONAL CHOICE; - PROVIDE A HOME-LIKE ATMOSPHERE THAT ALLOWS RESIDENTS TO ENJOY THE ADVANTAGES OF COMMUNITY LIVING WITHOUT COMPROMISING THEIR INDIVIDUALITY, DIGNITY OR PRIVACY; AND - WORK TO CREATE A MODEL OF SUCCESSFUL AGING THAT ENHANCES EVERY PERSON'S POTENTIAL AND LESSENS THE EFFECTS OF GETTING OLDER. INDEPENDENT AND ASSISTED LIVING (CONTINUED FROM PART III) FORM 990, PART III, LINE 4A HOLY CROSS VILLAGE IS AN INTERDEPENDENT COMMUNITY ENERGIZED BY HOLY CROSS SPIRITUALITY AND HOSPITALITY, AND DEDICATED TO PROVIDING A NURTURING ENVIRONMENT FOCUSED ON DIGNITY AND RESPECT. HOLY CROSS VILLAGE GOES BEYOND WHAT'S EXPECTED TO OFFER A LIFESTYLE THAT ALLOWS RESIDENTS TO LIVE AS INDEPENDENTLY AS POSSIBLE, WHILE STAYING CLOSE TO FAMILY, FRIENDS, AND THE BEST CARE AVAILABLE. RESIDENTS HAVE PEACE OF MIND KNOWING THEIR FUTURES ARE SECURE, WHICH IS SOMETHING THEY WILL VALUE AS MUCH TODAY AS THEY WILL TOMORROW. HOLY CROSS VILLAGE IS ALSO A LICENSED ASSISTED LIVING COMMUNITY, AND OUR ASSISTED LIVING APARTMENTS ALLOW FOR PRIVACY AND INDEPENDENCE. IF RESIDENTS REQUIRE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, OUR COMPREHENSIVE RANGE OF SUPPORTIVE SERVICES IS DESIGNED TO FIT THEIR NEEDS, AND OUR CARING STAFF IS AVAILABLE 24 HOURS A DAY TO ASSIST THEM. DURING THE YEAR ENDED JUNE 30, 2012, THE ORGANIZATION PROVIDED SERVICES TO 179 RESIDENTS IN AN INDEPENDENT LIVING SETTING WITH 152 APARTMENTS AND VILLAS, AS WELL AS 52 RESIDENTS IN AN ASSISTED LIVING SETTING WITH 46 APARTMENTS. SKILLED NURSING AND MEMORY CARE (CONTINUED FROM PART III) FORM 990, PART III, LINE 4B REHABILITATION SERVICES ARE DELIVERED IN A RESIDENT-CENTERED PROGRAM THAT IS FOCUSED ON ACHIEVING POSITIVE OUTCOMES. RESIDENTS RECEIVE 24-HOUR NURSING SUPERVISION AND RESTORATIVE THERAPIES THAT ARE PHYSICIAN DIRECTED. THE ONSITE REHABILITATION CENTER DELIVERS PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES AS WELL AS OTHER SPECIALIZED SERVICES TO MEET REHABILITATION NEEDS. MEMORY CARE ACCOMMODATIONS ARE OFFERED IN A SECURED ENVIRONMENT DESIGNED TO MEET THE NEEDS OF SENIORS WITH ALZHEIMER'S, DEMENTIA AND OTHER MEMORY LOSS. INDIVIDUALS WHO NEED HELP WITH DAY-TO-DAY LIVING RECEIVE SPECIAL ENCOURAGEMENT TO ADD MEANING AND FULFILLMENT TO THEIR LIVES. SERVICES ARE TAILORED SPECIFICALLY TO EACH RESIDENT WHILE SUPPORTING A HEALTHY LIFESTYLE IN A SECURED AREA THAT HAS ACCESS TO A COURTYARD AND VIEWS OF A WOODED AREA. CERTIFIED NURSING ASSISTANTS PROVIDE STANDBY AND HANDS ON ASSISTANCE WITH BATHING, GROOMING AND ESCORTS. RESIDENTS ARE ENCOURAGED TO CONTINUE ACTIVITIES THEY LOVE AND ENJOY. A WIDE RANGE OF LIFE ENRICHING ACTIVITIES ARE PLANNED FOR RESIDENTS EACH DAY THAT ARE TARGETED TO RAISE SPIRITS, STIMULATE MINDS AND PROMOTE HAPPINESS. DURING THE YEAR ENDED JUNE 30, 2012, THE ORGANIZATION PROVIDED SERVICES TO 105 RESIDENTS IN A NURSING SETTING WITH 36 BEDS AND A NURSING DEMENTIA CENTER WITH 12 ROOMS. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a THE BOARD, BY RESOLUTION OF A MAJORITY OF THE DIRECTORS THEN IN OFFICE, MAY APPOINT ONE OR MORE STANDING OR SPECIAL COMMITTEES AS NEEDED. THE BOARD SHALL APPOINT THE EXECUTIVE COMMITTEE, WHICH SHALL BE A STANDING COMMITTEE. MEMBERS OF THE BOARD COMMITTEES SHALL BE APPOINTED BY THE BOARD OR BY THE CHAIRPERSON, SUBJECT TO THE APPROVAL OF THE BOARD. EACH COMMITTEE AUTHORIZED TO EXERCISE ANY POWER OF THE BOARD (AS OPPOSED TO MERELY ADVISORY COMMITTEES) SHALL HAVE AT LEAST TWO (2) DIRECTORS AND MAY CONSIST OF PERSONS OTHER THAN DIRECTORS, PROVIDED THAT AT LEAST A MAJORITY OF SUCH COMMITTEE MEMBERS ARE DIRECTORS. THE EXECUTIVE COMMITTEE SHALL BE A STANDING COMMITTEE, AND SHALL HAVE AND MAY EXERCISE ALL POWERS OF THE BOARD (SUBJECT TO THE LIMITATIONS SET FORTH IN THE ORGANIZATION'S BYLAWS) BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRPERSON, PRESIDENT AND TWO OTHER DIRECTORS SELECTED BY THE CHAIRMAN, SUBJECT TO THE APPROVAL OF THE BOARD. ACTIONS DULY TAKEN BY THE EXECUTIVE COMMITTEE WITHIN THE SCOPE OF ITS AUTHORITY SHALL BE CONSIDERED THE ACTIONS OF THE BOARD. Delegation of management duties Form 990, Part VI, Section A, Line 3 THE ORGANIZATION HAD A MANAGEMENT AGREEMENT WITH THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION (FSCSC), AN UNRELATED TAX-EXEMPT ORGANIZATION THAT IS A FULL-SERVICE MANAGEMENT ORGANIZATION OF THE FRANCISCAN SISTERS OF CHICAGO. FSCSC ASSUMED MANAGERIAL DUTIES OF THE HOLY CROSS VILLAGE ON OCTOBER 1, 2004. FSCSC OVERSAW ALL OPERATIONS AND PROVIDED THE ORGANIZATION'S PRESIDENT/CEO. THE AGREEMENT WAS EFFECTIVE THROUGH FEBRUARY 2011 AND WAS RENEWED ON MARCH 1, 2011 FOR A TERM OF ONE YEAR. THE AGREEMENT WAS NOT REVEWED AFTER EXPIRATION IN FEBRUARY 2012. HOWEVER, AFTER THE EXPIRATION OF THE MANAGEMENT AGREEMENT, THE ORGANIZATION EXTENDED THE CONTRACT FOR ASSISTANCE WITH SYSTEMS CONVERSIONS. Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 THE ORGANIZATION'S BYLAWS WERE AMENDED TO: - ADD AND EXPAND THE RESERVED POWERS OF THE MEMBER; - DESIGNATE ADDITIONAL EX-OFFICIO MEMBERS OF THE BOARD; - DESIGNATE THAT AT LEAST 25% OF THE BOARD SHALL BE MEMBERS OF THE CONGREGATION OF HOLY CROSS; - ADD AND CLARIFY RESPONSIBILITIES OF THE BOARD FOR WHICH THE MEMBER MUST BE CONSULTED; - CLARIFY APPOINTMENT OF THE PRESIDENT AND OTHER OFFICERS; - CHANGE THE CHAIRPERSON'S TERM OF OFFICE FROM THREE YEARS TO TWO YEARS; AND - INCREASE THE SIZE OF THE EXECUTIVE COMMITTEE FROM TWO VOTING MEMBERS TO THREE VOTING MEMBERS. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 THE BROTHERS OF HOLY CROSS, A RELATED TAX-EXEMPT ORGANIZATION, IS THE SOLE CORPORATE MEMBER OF HOLY CROSS VILLAGE AT NOTRE DAME, INC . Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a THE BROTHERS OF HOLY CROSS, THE ORGANIZATION'S SOLE MEMBER, HAS THE POWER TO APPOINT AND REMOVE THE MEMBERS OF THE BOARD OF DIRECTORS, INCLUDING THE CHAIRPERSON. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b THE BROTHERS OF HOLY CROSS, THE ORGANIZATION'S SOLE MEMBER, HAS THE FOLLOWING ADDITIONAL RESERVED POWERS: 1. TO REVIEW AND CONSULT WITH THE HCV BOARD ON ANY CHANGES TO OR DEVIATIONS FROM THE MISSION AND VALUES OF HCV AND TO APPROVE ANY SUCH CHANGES OR DEVIATIONS. 2. TO APPROVE THE CORPORATION'S ANNUAL AND CAPITAL BUDGETS AND SIMILAR DOCUMENTS DEVELOPED BY THE BOARD. 3. TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION, BYLAWS AND SIMILAR GOVERNING DOCUMENTS OF THE CORPORATION. 4. TO APPOINT AND REMOVE DIRECTORS TO THE BOARD. 5. TO APPOINT AND REMOVE THE CHAIRPERSON AND THE PRESIDENT BASED UPON RECOMMENDATIONS OF THE HCV BOARD. 6. TO APPROVE ANY MERGER, CONSOLIDATION, DISSOLUTION OR LIQUIDATION OF THE CORPORATION. 7. TO APPROVE THE PURCHASE, SALE, DONATION, LEASE, MORTGAGE, OR ANY OTHER ACQUISITION, DISPOSITION OR ENCUMBRANCE OF ANY ASSETS OF THE CORPORATION, EXCEPT WITH RESPECT TO TRANSACTIONS WITHIN LIMITS DELEGATED TO THE CORPORATION, OR SPECIFICALLY APPROVE AS PART OF A STRATEGIC AND FINANCIAL PLAN OF THE CORPORATION. 8. TO APPROVE THE ESTABLISHMENT, TERMINATION, TRANSFER OR OTHER ACQUISITION OR DISPOSITION OF ANY MAJOR MINISTRY, WORK OR SIMILAR PROGRAM BY HCV. 9. TO APPROVE THE CREATION OF ANY NEW AFFILIATE OR ANY AFFILIATION OF THE CORPORATION WITH ANOTHER ENTITY. 10. TO APPROVE THE INCURRENCE OF INDEBTEDNESS, THE MAKING OF LOANS TO OTHER ENTITIES OR THE GUARANTY OF ANY INDEBTEDNESS OF OTHERS, BY THE CORPORATION, FOR AMOUNTS IN EXCESS OF THE MEMBER-SPECIFIED LIMITS, EXCEPT WITH RESPECT TO TRANSACTIONS SPECIFICALLY APPROVED AS PART OF A STRATEGIC AND FINANCIAL PLAN OF THE CORPORATION. 11. TO ESTABLISH DOLLAR LIMITS BELOW WHICH THE CORPORATION MAY AUTHORIZE FINANCIAL EXPENDITURES, INCLUDING CONTRACTS INVOLVING SUCH EXPENDITURES. 12. TO ESTABLISH DOLLAR LIMITS BELOW WHICH THE CORPORATION MAY AUTHORIZE LITIGATION SETTLEMENTS OR ANY RELEASE OR CANCELLATION BY THE CORPORATION OF A CLAIM OR RIGHT OF ACTION AGAINST ANOTHER PARTY. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE ORGANIZATION'S MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 IN DETAIL. A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, ALONG WITH A MANAGEMENT SUMMARY WAS THEN PRESENTED TO THE ORGANIZATION'S FINANCE COMMITTEE IN JANUARY 2013. A COPY OF THE FULL FORM 990 AND MANAGEMENT SUMMARY WAS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS IN FEBRUARY 2013 FOR REVIEW PRIOR TO ITS FILING WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE SECRETARY OF THE BOARD OF DIRECTORS DISTRIBUTES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, WHICH INCLUDES A CONFLICT OF INTEREST QUESTIONNAIRE, TO THE BOARD MEMBERS ANNUALLY. THE SECRETARY COLLECTS AND REVIEWS THE COMPLIANCE QUESTIONNAIRE FORMS FOR ANY POTENTIAL CONFLICTS OF INTEREST. IF ANY ACTUAL CONFLICTS OF INTEREST ARE DETERMINED TO EXIST, THE BOARD MEMBER IS RECUSED FROM VOTING ON THE CONFLICTING ISSUE. IN ADDITION, A REVIEW OF THE CONFLICT OF INTEREST POLICY AND COMPLETION OF A COMPLIANCE QUESTIONNAIRE IS PART OF EVERY EMPLOYEES' ANNUAL REVIEW. THIS ANNUAL REVIEW IS DONE BY THE INDIVIDUAL'S DIRECT SUPERVISOR AND THE HUMAN RESOURCE DIRECTOR. PROCESS USED TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL AND OTHER OFFICERS FORM 990, PART VI, LINE 15 DURING THE TIME THE ORGANIZATION'S MANAGEMENT AGREEMENT WAS IN AFFECT, COMPENSATION FOR THE ORGANIZATION'S PRESIDENT/CEO WAS PAID BY THE ORGANIZATION'S MANAGEMENT COMPANY, FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION (FSCSC), WHICH IS AN UNRELATED ORGANIZATION. SUBSEQUENT TO EXPIRATION OF THE MANAGEMENT AGREEMENT WITH FSCSC, THE ORGANIZATION'S PRESIDENT/CEO WAS PAID DIRECTLY BY THE ORGANIZATION. IN APRIL 2010, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF HOLY CROSS VILLAGE ENGAGED MERCER, A NATIONAL HR CONSULTING FIRM, TO CONDUCT AN ANALYSIS OF THE CURRENT COMPENSATION OF THE POSITIONS OF PRESIDENT/CEO, TREASURER/CONTROLLER, AND DIRECTOR OF CAMPUS OPERATIONS. MERCER ANALYZED DATA FROM FIVE MAJOR NATIONAL COMPENSATION SURVEYS AS WELL AS REGIONAL DATA. IN JULY 2010, MERCER PRESENTED ITS FINDINGS TO THE EXECUTIVE COMMITTEE. THOSE FINDINGS CONCLUDED THAT THE CURRENT BASE COMPENSATION OF THE THREE POSITIONS SUBJECT TO THIS STUDY WERE WITHIN THE RESPECTIVE PAY RANGES DEVELOPED BY MERCER BASED UPON THE SURVEY DATA WHICH IT HAD UTILIZED AND, THUS, SATISFIED THE CONDITION OF REBUTTABLE PRESEUMPTION OF REASONABLENESS. THE EXECUTIVE COMMITTEE ACCEPTED THE REPORT BY MERCER. IN ADDITION, THE ORGANIZATION'S HUMAN RESOURCES (HR) DEPARTMENT ESTABLISHES A MERIT-BASED COMPENSATION MATRIX THAT PROVIDES FOR ANY INCREASES TO BASE COMPENSATION FOR ALL EMPLOYEES, INCLUDING THE ORGANIZATION'S OFFICERS. THE MATRIX IS NOT REVIEWED OR APPROVED BY THE BOARD OF DIRECTORS. HOWEVER, THE BOARD'S APPROVAL OF THE ORGANIZATION'S OVERALL ANNUAL BUDGET, WHICH INCLUDES THE BUDGET FOR SALARIES AND BENEFITS, IS TAKEN INTO CONSIDERATION WHEN THE HR DEPARTMENT DEVELOPS THE MATRIX. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC, EITHER IN PRINTED OR PDF COPY, UPON REQUEST Average number of hours devoted per week to related organization Form 990, Part VII, Section A, Column B JANET TODD - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO HOLY CROSS VILLAGE FOUNDATION, INC., A RELATED TAX-EXEMPT ORGANIZATION. BR. JOHN MAY, CSC - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO HOLY CROSS VILLAGE FOUNDATION, INC., A RELATED TAX-EXEMPT ORGANIZATION. JOHN MAUCH - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO HOLY CROSS VILLAGE FOUNDATION, INC., A RELATED TAX-EXEMPT ORGANIZATION. COMPENSATION PAID BY UNRELATED MANAGEMENT COMPANY FORM 990, PART VII, SECTION A, LINE 1A CALENDAR YEAR 2011 COMPENSATION FOR THE ORGANIZATION'S PRESIDENT/CEO WAS PAID BY THE ORGANIZATION'S MANAGEMENT COMPANY, FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION (FSCSC), WHICH IS AN UNRELATED ORGANIZATION. ACCORDING TO THE IRS INSTRUCTIONS FOR PART VII, ONLY COMPENSATION FROM A MANAGEMENT COMPANY THAT PROVIDES SERVICES TO THE ORGANIZATION AND IS A RELATED ORGANIZATION MUST BE REPORTED IN PART VII. THUS, SINCE THE ORGANIZATION'S MANAGEMENT COMPANY IS AN UNRELATED ORGANIZATION, NO COMPENSATION HAS BEEN REPORTED FOR THE PRESIDENT/CEO IN PART VII. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 123208; CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION - 502016; TRANSFER TO BROTHERS OF HOLY CROSS - -397599; BROTHERS OF HOLY CROSS INC 54515 SR 933 N PO BOX 460 NOTRE DAME IN 46556 350868938 ROMAN CATHOLIC CHURCH RELIGIOUS ORDER IN 501(C)(3) 11 NA false HOLY CROSS VILLAGE FOUNDATION 54515 SR 933 N PO BOX 303 NOTRE DAME IN 46556 263861889 SUPPORT HOLY CROSS VILLAGE AT NOTRE DAME IN 501(C)(3) 11 - Type II BROTHERS OF HOLY CROSS false false false true false false true false false false true true false false false true true false false