2013-05-24T08:29:56-07:00 2012-12-31 990 2012-01-01 233022262 MORAVIAN VILLAGE OF BETHLEHEM MORA 6106254885 526 Wood Street Bethlehem PA 18018 Daniel Soos 6106254885 2013-05-30 2012 2016-03-07 17:11:31Z David Roth CEO 526 Wood Street bethlehem PA 18018 23284444 0 X www.moravianvillage.com X 2002 PA The Moravian Village is a continuing care community located in Bethlehem, Pa.The community consists of a 94 bed heath and rehab center, a 22 bed personal care facility, 144 independent living apartments and 105 independent living cottages. 8 8 375 96 0 0 1113778 1777500 22125590 21808731 19669 15775 306010 -317562 23565047 23284444 0 0 0 0 8476372 8544451 0 0 97202 12605686 12028857 21082058 20573308 2482989 2711136 77914959 77652404 83401671 80427980 -5486712 -2775576 The Moravian Village of Bethlehem is a continuing care community located in Bethlehem, Pa. The community consists of a 94 bed health care and rehab center, a 22 bed personal care facility, 144 independent living apartments and 105 independent living cottages. 0 0 15065752 23284444 Program costs incurred from the operation of a 94 bed health and rehab center, a 22 bed personal care facility,144 independent living apartment complex and 105 independent living cottages. 0 0 0 15065752 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 75 0 1 375 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Moravian Village of Bethlehem 6106254885 526 Wood Street Bethlehem PA 18018 William Matz Esq 1 X 0 0 0 Dick Cipolleti 1 X 0 0 0 Carol Henn 1 X 0 0 0 Fred Sprissler 1 0 X 0 0 0 Mike Guro 1 0 X 0 0 0 Bruce Palmer CPA 1 X 0 0 0 Mike Carr 1 X 0 0 0 Tracy Patton 40 X 154900 0 0 John Calzola 40 X 107648 0 0 262548 0 0 2 0 1 0 Millennium Pharmacy Systems po box 823441 Philadelphia PA 191823441 prescription provider 668097 The Pidcock Group 2451 Parkwood Drive Allentown PA 18106 Engineering work 213127 Hemmler & Camayd Architects 409 Lackawanna Avenue Suite 400 4th floor Allentown PA 18102 Architects 155432 Capital Blue Cross po box 779516 Harrisburg PA 17177 employee medical insurance provider 767032 RehabCare Group PO Box 503534 St Louis MO 63150 Therapy Contractor 1877157 0 0 0 0 0 1777500 0 1777500 Health Care Services 623000 13908896 13908896 0 0 Apartment fees 623000 4353041 4353041 0 0 Cottage Fees 623000 1161445 1161445 0 0 Charitable Care 623000 -115353 -115353 0 0 Amortization/Termination of Entrance Fees 900099 2500702 2500702 0 0 0 0 0 0 21808731 15775 0 0 15775 0 0 0 0 0 0 0 0 0 0 0 0 0 Unrealized Loss on Interest Rate Swap Agreements 900099 -745686 -745686 0 0 Employee/Guest Meals 722210 154343 154343 0 0 Barber/Beauty salon 900099 78656 78656 0 0 195125 195125 0 0 -317562 23284444 21491169 0 15775 154900 154900 6991436 4998040 1896788 96608 590200 590200 807915 807915 115756 115756 43494 43494 163599 156823 6776 205224 145786 59438 2021737 1773492 248245 57202 39356 17846 1313059 1313059 2220563 2220563 206273 206273 Therapy/Pharmacy & other Contracted Services 4021996 3734320 287676 0 Agreement in Perpetuity 222262 0 222262 0 Loss on Extinguishment of Debt 752785 0 752785 0 Food 684907 684313 0 594 20573308 15065752 5410354 97202 X 1712658 3047981 8286683 8015857 1247099 1297612 502241 515212 81462657 17274454 65405306 64188203 760972 587539 77914959 77652404 2365042 1751516 8701658 7621130 32730455 31249638 4271025 4271025 35333491 35534671 83401671 80427980 X -5486712 -2775576 0 0 0 0 -5486712 -2775576 77914959 77652404 2711136 0 0 0 0 0 X 0 1 X 1 0 X 33111 10000 23400 2953 2500 71964 10471941 19916035 21744531 22428647 22236855 96798009 10505052 19926035 21767931 22431600 22239355 96869973 96869973 74976 88859 47648 19669 15775 246927 74976 88859 47648 19669 15775 246927 10580028 20014894 21815579 22451269 22255130 97116900 0.99746 0.99551 0.00254 0.00449 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2438257 2438257 0 65940552 13446821 52493731 0 5654432 1641459 4012973 0 2835778 2186174 649604 0 4593638 0 4593638 64188203 0 Entrance Fees and Health Care Deposits 458366 Refundable Entrance Fees 34578525 Accrued Swap Liability 497780 35534671 X 23284444 0 0 0 0 0 23284444 0 0 0 23284444 20573308 0 0 0 0 0 20573308 0 0 0 20573308 SchD_P10_S00_L02 Schedule D, Part X, Line 2 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 Village is not generally subject to US federal income tax or state income tax. The Village's Form 990 has not been subject to examination by the IRS or the State of Pennsylvania for the last 3 years. The Village does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Village recognizes interest and penalties related to income tax matters in income tax expense. The Village did not have any amounts accrued for interest and penalties at December 31, 2012 and 2011 X 0 0 0 0 0 0 0 0 0 Tracy Patton 125000 0 29900 0 0 0 0 0 0 0 154900 0 0 A Northampton County Industrial Dev Authority 000000000 200605667 2006-09-01 33275000 construction of facility 0 0 0 A 0 0 33275000 0 0 0 628564 0 0 32646436 0 0 2008 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 Mike Guro board member 198407 Mr. Guro is a partner in the insurance company that provides insurance to MVB 0 William Matz Esq Board President 64609 Mr. Matz is general legal counsel to MVB and provided billable services in 2012 0 Mike Carr Board Member 19900 Mr. Carr is MVB's labor attorney and provided billable services to MVB in 2012 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 is prepared by the Chief Financial Officer of the Moravian Village of Bethlehem. It is then submitted to the Executive Management of the Village for review and approval. If approved,executive management authorizes the CFO to finalize and submit the return F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All board members are required to submit annually a conflict of interest survey. The surveys are submitted to the CFO who reviews for conflicts. If it is determined that there is a conflict, the conflict is reviewed at by the executive board members. If it is determined by this committee that the conflict will impair the board member from acting impartially, the board member will be asked to rescind their position on the board. If it is determined that the conflict if minor, the Board member will be required to refrain from voting on any measure involving the conflict. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Compensation of all key employees is reviewed annually and set by the Board of Directors via the budgetary approval process. Compensation level is determined on the level of service the employee provides to the Organization. Compensation is set at a flat rate and is not based on level of revenues, nor do any employees share in a any excess revenues the Organization may have. Positions considered to be Key to the Organization is the Executive Vice President position. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Organizational documents and form 990 are available upon request F990_P10_S00_L34 Form 990, Part X, Line 34 In 2012, the Financial Accounting Standards Board (FASB) issued an amendment to Health Care Entities (Topic 954) Continuing Care Retirement Communities - Refundable Advance Fees. Topic 954 defines when a continuing care retirement community reports a refundable entrance fee as deferred revenue or a liability. The standard also addresses when a refundable entrance fee is to be amortized. The entrance fee contracts of the Village require the refundable payment to be reported as a liability and no longer amortize the refundable amount to income. The Standard is effective for financial statements issued for fiscal years beginning after December 15th, 2013. Accordingly, the Village has elected early adoption of the applicable portions of this standard for the year end December 31, 2012. Consequently, the 2011 net assets values have been reclassified to reflect the change in the accounting standard. Bethlehem Area Moravians 561 East Market Street Bethlehem PA 18018 Management Services PA 501 (c) 3 1 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 Bethlehem Area Moravians p 170841 interest paid on unsecured debt Bethlehem Area Moravians l 222262 Agreement in perpetuity with Organization in recognition of the historic link between entities Bethlehem Area Moravians l 110000 Management fees and consultant reimbursements based on contracted rates approved by the board of directors.