2013-11-14T14:50:36-06:00 2012-12-31 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2012-01-01 273168105 MASONIC HOME INDEPENDENT LIVING II INC MASO 5028974907 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 TODD LACY 5028974907 2013-11-12 1 LEE GROZA P00034644 5027491900 2012 2016-02-24 21:20:13Z GARY MARSH 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 22862632 0 X WWW.MASONICHOMESKY.COM X 2010 KY TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES. 5 5 0 5 0 0 2000000 0 0 68450 0 42518 0 0 2000000 110968 0 0 0 0 0 0 0 0 0 77399 1421656 77399 1421656 1922601 -1310688 50970069 64802230 49172936 64259817 1797133 542413 TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES. 0 0 1213200 68450 THE ORGANIZATION'S PURPOSE IS CONSTRUCTING, OWNING AND OPERATING A SENIOR LIVING COMMUNITY KNOWN AS MIRALEA. MIRALEA CONSISTS OF 90 INDEPENDENT LIVING APARTMENTS AND 12 RESIDENTIAL-STYLE PATIO HOMES THAT OPENED ON NOVEMBER 1, 2012. MIRALEA, WITH ITS AFFILITATION WITH MASONIC HOMES OF KENTUCKY, FORM A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH A LIFE CARE PRODUCT FOR SENIORS. MIRALEA OFFERS A TIERED APPROACH TO THE AGING PROCESS, ACCOMMODATING RESIDENTS CHANGING NEEDS AS THEY AGE THROUGH INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING CARE. MIRALEA PROVIDES SENIORS THE OPTION TO LIVE AN ACTIVE LIFESTYLE IN ONE LOCATION FOR THE DURATION OF THEIR REMAINING LIFE, WITH MUCH OF THEIR FUTURE CARE ALREADY PREDETERMINED BY THE RESIDENT AND THE LIFE CARE AGREEMENTS WITH MIRALEA. 1213200 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 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 1 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X CATHY KANNAPPLE 5027538800 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 JOSEPH R CONWAY 0.80 2.40 X X 0 0 0 MARTIN R WALTERS 0.80 1.60 X X 0 0 0 JOHN M SAMMONS 0.80 0.80 X X 0 0 0 VIRGIL T LARIMORE JR 0.80 2.40 X X 0 0 0 HAROLD E ARMSTRONG 0.80 1.60 X 0 0 0 GARY MARSH 2.00 38.00 X 0 271213 10922 TODD LACY 2.00 38.00 X 0 168566 13159 0 439779 24081 0 0 1 0 0 RESIDENT SERVICES 623990 68450 68450 68450 149030 149030 22645152 22751664 -106512 -106512 -106512 110968 68450 0 42518 2930 2930 1000 1000 11819 11819 15991 9284 6707 5840 5840 16955 16955 16945 16945 43078 43078 4759 4759 476104 476104 524020 524020 5292 5292 REIMBURSED SALARY EXPEN 245601 162667 82934 CORPORATE OVERHEAD 50000 50000 HEALTH CARE EXPENSE 40032 40032 FOOD 28089 28089 -66799 -75366 8567 1421656 1213200 208456 0 2890512 1542139 0 970143 0 8432 0 43551 33780569 442377 11653866 33338192 36425691 28899773 50970069 64802230 2398939 657708 0 1676790 43160651 43164048 3613346 18761271 49172936 64259817 X 1797133 542413 1797133 542413 50970069 64802230 -1310688 55968 0 X X 0 1 X 1 0 X 2000000 2000000 68450 68450 2000000 68450 2068450 0 0 0 2068450 149030 149030 149030 149030 2000000 217480 2217480 X 1000000 1000000 31180266 389753 30790513 302881 6527 296354 769469 26531 742938 527953 19566 508387 33338192 CONTRACT ACQUISITION COSTS, NET 1758452 DEFERRED FINANCING COSTS, NET 1185601 BOND ACCOUNTS 25687090 ACCRUED INTEREST 204331 DUE FROM AFFILIATE 64299 28899773 REFUNDABLE DEPOSITS 714407 ACCRUED INTEREST PAYABLE 358888 REFUNDABLE ENTRANCE FEES AND DEPOSITS 17687976 18761271 X 166936 55968 55968 110968 0 110968 1421656 0 1421656 0 1421656 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE MORE-LIKELY-THAN-NOT APPROACH AS DEFINED IN THE ACCOUNTING STANDARDS CODIFICATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATIONS 2010-2012 TAX YEARS REMAIN OPEN AND SUBJECT TO EXAMINATION. THE ORGANIZATION CLASSIFIES INTEREST AND PENALTIES WITH RESPECT TO MATERIAL UNCERTAIN TAX POSITIONS RECOGNIZED IN THE FINANCIAL STATEMENTS (WHEN APPLICABLE) AS INTEREST EXPENSE AND AS AN OPERATING EXPENSE, RESPECTIVELY. 0 0 0 0 0 0 0 0 0 GARY MARSH 0 267613 0 0 0 3600 0 4616 0 6306 0 282135 0 0 TODD LACY 0 164966 0 0 0 3600 0 3069 0 10090 0 181725 0 0 SUPPLEMENTAL INFORMATION PART III THE RELATED ORGANIZATION, MASONIC HOMES OF KENTUCKY, INC., PAYS THE COMPENSATION TO GARY MARSH AND TODD LACY AND USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION. COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE A KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS 2011-08-11 24015000 CONSTRUCTION, DEVELOPMENT AND EQUIPPING OF THE ORGANIZATION 0 0 0 B KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS 49126PDS6 2011-08-11 1515000 CONSTRUCTION, DEVELOPMENT AND EQUIPPING OF THE ORGANIZATION 0 0 0 C KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS 2011-08-11 17750000 CONSTRUCTION, DEVELOPMENT AND EQUIPPING OF THE ORGANIZATION 0 0 0 A 23899048 6802226 679374 16417448 2012 0 0 0 1 B 1515000 98475 43073 1373452 2012 0 0 0 1 C 17750000 999625 504648 16245727 2012 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 1 B 1 C 1 FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS FIRST REVIEWED BY INTERNAL MANAGEMENT AND THEN A COPY IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS AND REMOVE THEMSELVES FROM ANY DISCUSSION AND VOTE WHERE THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANYONE; HOWEVER THE RELATED ORGANIZATION USES THE FOLLOWING PROCESS: THEY HAVE AN OUTSIDE INDEPENDENT CONTRACTOR DO A REVIEW OF SALARIES AND PROVIDE A SALARY SURVEY. THE FINANCE COMMITTEE USES THIS INFORMATION TO DOCUMENT AND APPROVE THE SALARIES. NATIONAL AND REGIONAL INDUSTRY AGENCIES PROVIDE YEARLY DATA REGARDING THESE ISSUES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AUDITED FINANCIAL STATEMENTS FORM 990, PAGE 12, PART XII, QUESTION 2C THE RELATED ORGANIZATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSEES THE AUDIT. THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. MASONIC HOMES OF KENTUCKY INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 610458374 TO PROVIDE AND MAINTAIN A HOME FOR WIDOWS OF DECEASED MASONS KY 501 (C) (3) LINE 7 N/A 0 MASONIC RETIREMENT VILLAGE OF TAYLOR MILL INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 311756851 TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR THE ELDERLY KY 501 (C) (3) LINE 9 MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOMES OF KENTUCKY PEDIATRIC DAYCARE INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 273248085 TO PROVIDE DAYCARE AND PRESCHOOL SERVICES. KY 501 (C) (3) LINE 9 MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOMES COMMUNITY BASED SERVICES INC 4338 13TH STREET ASHLAND KY 41102 273248199 TO PROVIDE SERVICES THAT ENABLE PEOPLE TO REMAIN LIVING IN THEIR HOMES. KY 501 (C) (3) N/A MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOME VILLAGE LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611292420 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME VILLAGE II LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611313979 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME VILLAGE III LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611337667 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME VILLAGE IV LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611399067 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME PROPERTIES INC 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611292421 RENTAL REAL ESTATE KY N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0