THE PINES AT DAVIDSON INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- THE PINES AT DAVIDSON INC (EIN 58-1598135)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-14
- IRS object ID
- 201333189349300308
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-14T12:38:31-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 N TRYON STREET SUITE 1000 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28246 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 581598135 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PINES AT DAVIDSON INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PINE | NameControl |
| Phone | 7048961100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 AVINGER LANE | AddressLine1 |
| City | DAVIDSON | City |
| State | NC | State |
| ZIP Code | 28036 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID C RAINEY | Name |
| Title | VICE PRESIDENT AND CFO | Title |
| Phone | 7048961100 | Phone |
| Date Signed | 2013-11-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN NORMAN | Name |
| PTIN | P01506766 | PTIN |
| Phone | 7049985200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | EDGAR L MULLER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 AVINGER LANE | AddressLine1 |
| City | DAVIDSON | City |
| State | NC | State |
| ZIP Code | 28036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 37724998 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.THEPINESATDAVIDSON.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1983 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE OTHE MISSION OF THE PINES AT DAVIDSON IS TO PROVIDE HIGH QUALITY HOUSING, HEALTH CARE AND OTHER SERVICES THAT EXCEED RESIDENTS' EXPECTATIONS IN PURSUING ITS MISSION. THE PINES AT DAVIDSON WILL SET ITSELF APART BY THE FOLLOWING: ATTRACTING AND RETAINING A PROFESSIONAL AND CARING STAFF COMMITTED TO THE SERVICE AND WELL-BEING OF THE RESIDENTS, BEING EVER MINDFUL OF THE NEEDS OF THE RESIDENTS, PROVIDING EXCELLENT FACILITIES AND SERVICES WITH SPECIAL ATTENTION TO DINING, HEALTH CARE, MAINTENANCE AND SECURITY, EMBRACING INNOVATION THAT INVIGORATES TRADITIONAL PRACTICES, TAKING FULL ADVANTAGE OF INTEGRATING THE PINES' EXPERIENCE WITH DAVIDSON AND SURROUNDING COMMUNITIES, AND, MAINTAINING ITS IDENTITY AS A NONPROFIT COMMUNITY ESTABLISHED BY MEMBERS AND FRIENDS OF DAVIDSON COLLEGE PRESBYTERIAN CHURCH AND THE TRUSTEES OF DAVIDSON COLLEGE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 283 | TotalNbrEmployees |
| Total Nbr Volunteers | 103 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 308093 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 188654 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 15382548 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 15867677 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1556934 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1458064 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1680 | OtherRevenuePriorYear |
| Other Revenue Current Year | 12238 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 17249255 | TotalRevenuePriorYear |
| Total Revenue Current Year | 17526633 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 373871 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 335720 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7392663 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7849635 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 53719 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8214032 | OtherExpensePriorYear |
| Other Expenses Current Year | 8147314 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 15980566 | TotalExpensesPriorYear |
| Total Expenses Current Year | 16332669 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1268689 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1193964 | RevenuesLessExpensesCY |
| Total Assets BOY | 80307568 | TotalAssetsBOY |
| Total Assets EOY | 80824374 | TotalAssetsEOY |
| Total Liabilities BOY | 52679153 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 52157425 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 27628415 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 28666949 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE RELIEF FOR THE ELDERLY AND THEIR INHERENT INFIRMITIES THROUGH THE PROVISION OF HOUSING, DIETARY SERVICES, SOCIAL ACTIVITIES AND MEDICAL SERVICES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 4857428 | Expense |
| Revenue | 7859416 | Revenue |
| Description | PROVISION OF HOUSING AND RELATED SERVICES TO RESIDENTS | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4180446 | Expense |
| Revenue | 4302339 | Revenue |
| Description | PHYSICIAN SERVICES AND NURSING CARE - PROVIDES MEDICAL CARE TO RESIDENTS INCLUDING SERVICES DESIGNED TO ENHANCE THE QUALITY OF THE ELDERLY RESIDENTS' LIVES | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2746609 | Expense |
| Revenue | 102927 | Revenue |
| Description | CULINARY AND DINING SERVICES - PROVIDES MEALS TO RESIDENTS AND THEIR GUESTS | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2945278 | Expense |
| Grants | 335720 | Grants |
| Revenue | 3602995 | Revenue |
| Description | ALL OTHER SERVICES TO MEET THE PHYSICAL, EMOTIONAL, INTELLECTUAL AND SPIRITUAL NEEDS OF RESIDENTS INCLUDING MAINTENANCE, SECURITY, HOUSEKEEPING AND LAUNDRY | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 2945278 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 335720 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 3602995 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 14729761 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 1 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 28 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 283 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID C RAINEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7048961100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 AVINGER LANE | AddressLine1 |
| City | DAVIDSON | City |
| State | NC | State |
| ZIP Code | 28036 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| WILLIAM T WILLIAMS JR | |||||||
| CHAIRPERSON | 1.00 | X | X | 0 | 0 | 0 | |
| KATHY L PILKINGTON | |||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| BARBARA I NEIDINGER | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| HERBERT H BROWNE JR | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| ROBERT L AVINGER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DON BARTELL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| SARAH P BOEHMIER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN D BRADLEY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| BENTON S BRAGG | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| FRANCES GILLIAM CAMPBELL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ALLEN CRAVEN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JANET UHLAN CROOK | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LACY WOODS DICK | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOHN FRANK FESPERMAN II | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM P FURR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOHN N GILBERT | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JAMES A HALLACK | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ED KANIA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LAWRENCE M KIMBROUGH | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DAVID M MCCLINTOCK | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM AYCOCK MILLS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CARRANZA MOTHERSHEAD PRYOR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CAROL QUILLEN | |||||||
| DIRECTOR (EX OFFICIO) | 1.00 | X | 0 | 0 | 0 | ||
| GEORGE RAFTELIS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JAMES LEWIS SIGMON JR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LIB MCGREGOR SIMMONS | |||||||
| DIRECTOR (EX OFFICIO) | 1.00 | X | 0 | 0 | 0 | ||
| FE GENE WILLIAMS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| EDGAR L MULLER | |||||||
| PRESIDENT & EXECUTIVE DIRECTOR | 50.00 | X | 209724 | 0 | 18146 | ||
| DAVID C RAINEY | |||||||
| CFO & VICE PRESIDENT | 50.00 | X | 156093 | 0 | 15347 | ||
| SCOTT S CHINERY | |||||||
| DIRECTOR OF PLANT SERVICES | 50.00 | 120570 | 0 | 23810 | X | ||
| CAROLYN R PICTON | |||||||
| DIRECTOR OF MARKETING | 50.00 | 104927 | 0 | 20121 | X | ||
| KEVIN D WOODS | |||||||
| DIRECTOR OF CULINARY & DINING | 50.00 | 102009 | 0 | 25305 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 693323 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 102729 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BOARD OF PENSIONS-PRESBYTERIAN CHURCH | |||||
| P O BOX 13715 | PHILADELPHIA | PA | 191013715 | EMPLOYEE HEALTH INSURANCE | 773407 |
| RODGERS BUILDERS | |||||
| P O BOX 18446 | CHARLOTTE | NC | 282180000 | CONSTRUCTION | 596905 |
| MCGUIRE WOODS | |||||
| 901 EAST CARY STREET | RICHMOND | VA | 232194030 | LEGAL SERVICES | 178792 |
| SFCS INC | |||||
| 305 S JEFFERSON ST | ROANOKE | VA | 240112003 | ARCHITECTS | 155586 |
| FJ ERVIN CONSTRUCTION | |||||
| 380 MACKWOOD ROAD | MOORESVILLE | NC | 28115 | CONSTRUCTION | 137078 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| All Other Contributions | 188654 | AllOtherContributions |
| Total Contributions | 188654 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| HOUSING & RELATED | 721310 | 7859416 | 7859416 |
| PHYSICIAN & NURSING | 713990 | 4302339 | 4302339 |
| CULINARY & DINING | 722100 | 102927 | 102927 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3602995 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3602995 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 15867677 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1148767 | TotalRevenueColumn |
| Exclusion | $1,148,767 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 13518 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1280 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 12238 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12238 | TotalRevenueColumn |
| Exclusion | $12,238 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 20506382 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 20197085 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 309297 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 309297 | TotalRevenueColumn |
| Exclusion | $309,297 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17526633 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15867677 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,470,302 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 217000 | Total |
| Program Services | 217000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118720 | Total |
| Program Services | 118720 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 399311 | Total |
| Program Services | 79862 | ProgramServices |
| Management And General | 319449 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5593973 | Total |
| Program Services | 5209333 | ProgramServices |
| Management And General | 348518 | ManagementAndGeneral |
| Fundraising | 36122 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 310826 | Total |
| Program Services | 278276 | ProgramServices |
| Management And General | 32550 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1070694 | Total |
| Program Services | 949634 | ProgramServices |
| Management And General | 121060 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 474831 | Total |
| Program Services | 438056 | ProgramServices |
| Management And General | 33114 | ManagementAndGeneral |
| Fundraising | 3661 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224267 | Total |
| Program Services | 113148 | ProgramServices |
| Management And General | 111119 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163588 | Total |
| Management And General | 163588 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32406 | Total |
| Program Services | 3639 | ProgramServices |
| Management And General | 28767 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 205296 | Total |
| Program Services | 141604 | ProgramServices |
| Management And General | 55095 | ManagementAndGeneral |
| Fundraising | 8597 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57246 | Total |
| Program Services | 8414 | ProgramServices |
| Management And General | 45436 | ManagementAndGeneral |
| Fundraising | 3396 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2037377 | Total |
| Program Services | 1880017 | ProgramServices |
| Management And General | 157360 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24136 | Total |
| Program Services | 10906 | ProgramServices |
| Management And General | 13230 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15100 | Total |
| Program Services | 12613 | ProgramServices |
| Management And General | 2487 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1081785 | Total |
| Program Services | 1073131 | ProgramServices |
| Management And General | 8654 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2404873 | Total |
| Program Services | 2385634 | ProgramServices |
| Management And General | 19239 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99327 | Total |
| Program Services | 99327 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| UNIFORMS, LINEN & LAUND | 154467 | 154467 | |
| PHYSICIAN SERVICES | 106376 | 106376 | |
| CABLE TV, BEAUTY PARLOR | 106151 | 106151 | |
| MINOR EQUIPMENT | 24022 | 23542 | 480 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1410897 | Total |
| Program Services | 1319911 | ProgramServices |
| Management And General | 89043 | ManagementAndGeneral |
| Fundraising | 1943 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16332669 | Total |
| Program Services | 14729761 | ProgramServices |
| Management And General | 1549189 | ManagementAndGeneral |
| Fundraising | 53719 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5882888 | BOY |
| EOY | 5058580 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 831121 | BOY |
| EOY | 851152 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132629 | BOY |
| EOY | 145015 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 202887 | BOY |
| EOY | 253420 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 52459612 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 19934084 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32412326 | BOY |
| EOY | 32525528 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38345778 | BOY |
| EOY | 39477487 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1842081 | BOY |
| EOY | 1905130 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 657858 | BOY |
| EOY | 608062 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80307568 | BOY |
| EOY | 80824374 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2919912 | BOY |
| EOY | 3476958 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22010914 | BOY |
| EOY | 22295271 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22947356 | BOY |
| EOY | 22092941 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4800971 | BOY |
| EOY | 4292255 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52679153 | BOY |
| EOY | 52157425 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11603639 | BOY |
| EOY | 11799388 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16024776 | BOY |
| EOY | 16867561 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27628415 | BOY |
| EOY | 28666949 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80307568 | BOY |
| EOY | 80824374 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1193964 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 50324 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -205754 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 690244 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 99180 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 99020 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 308093 | CurrentTaxYearMinus1Year |
| Current Tax Year | 188654 | CurrentTaxYear |
| Total | 1385191 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14015541 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 14092342 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 14557616 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16878537 | CurrentTaxYearMinus1Year |
| Current Tax Year | 15867677 | CurrentTaxYear |
| Total | 75411713 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14705785 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 14191522 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 14656636 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 17186630 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16056331 | CurrentTaxYear |
| Total | 76796904 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 10116 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6525 | CurrentTaxYear |
| Total | 16641 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 579567 | CurrentTaxYear |
| Total | 579567 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 10116 | CurrentTaxYearMinus1Year |
| Current Tax Year | 586092 | CurrentTaxYear |
| Total | 596208 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 76200696 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1003956 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1593668 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1519044 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1361632 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1162285 | CurrentTaxYear |
| Total | 6640585 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1003956 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1593668 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1519044 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1361632 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1162285 | CurrentTaxYear |
| Total | 6640585 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 15709741 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 15785190 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16175680 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 18548262 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17218616 | CurrentTaxYear |
| Total | 83437489 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.91330 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.91910 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.07960 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.08080 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $383 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 383 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1: | ReturnReference |
| Explanation | THE PINES IS A MEMBER OF AND PAYS DUES TO LEADING AGE NORTH CAROLINA. A PORTION OF ITS DUES PAID ARE ATTRIBUTABLE TO LOBBYING EXPENDITURES. | Explanation |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4044749 | OtherCostOrOtherBasis |
| Book Value | 4044749 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 34498093 | OtherCostOrOtherBasis |
| Depreciation | 15322084 | Depreciation |
| Book Value | 19176009 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3760400 | OtherCostOrOtherBasis |
| Depreciation | 967237 | Depreciation |
| Book Value | 2793163 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8256539 | OtherCostOrOtherBasis |
| Depreciation | 3644763 | Depreciation |
| Book Value | 4611776 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1899831 | OtherCostOrOtherBasis |
| Book Value | 1899831 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 32525528 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTEREST PAYABLE | $543,100 |
| REFUNDABLE ENTRANCE FEES | $3,749,155 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4292255 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 16528418 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -180132 | NetUnrealizedGainsInvestments |
| Other Revenues | 4393 | OtherRevenues |
| Revenue Not Rptd F990 | -175739 | RevenueNotRptdF990 |
| Revenue Subtotal | 16704157 | RevenueSubtotal |
| Other Revenues Not Included | 822476 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 822476 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 17526633 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 16332669 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 16332669 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 16332669 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE PINES FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD ITS TAX STATUS BE CHALLENGED IN THE FUTURE, THE 2009, 2010, AND 2011 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT WOULD JEOPARDIZE TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. THE PINES HAS ADOPTED GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE PINES' FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF UNRESTRICTED PLEDGES -5,033. NET ASSETS RELEASED FROM DONOR RESTRICTIONS 9,426. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RESTRICTED INTEREST INCOME 331,006. RESTRICTED CONTRIBUTIONS 182,173. RESTRICTED REALIZED GAIN 309,297. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|
| TOWN OF DAVIDSON | ||||||
| PO BOX 579 | DAVIDSON | NC | 28036 | 566001212 | 107000 | VOLUNTARY CONTRIBUTION |
| MECKLENBURG COUNTY | ||||||
| PO BOX 34486 | CHARLOTTE | NC | 28234 | 566000319 | 110000 | VOLUNTARY CONTRIBUTIONS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of Other Organizations | 2 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | RESIDENT SUPPORT | TypeOfGrant |
| Number Of Recipients | 3 | NumberOfRecipients |
| Amount Of Cash Grant | 118720 | AmountOfCashGrant |
| Method Of Valuation | BOOK | MethodOfValuation |
| Description Of Non Cash Assistance | DISCOUNTED MONTHLY FEE | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: NOTWITHSTANDING THE FACT THAT THE PINES IS EXEMPT FROM PROPERTY TAXES, THE PINES MAKES VOLUNTARY CONTRIBUTIONS TO THE TOWN OF DAVIDSON AND MECKLENBURG COUNTY TO HELP OFFSET THE COST OF SERVICES PROVIDED TO THE PINES BY SUCH GOVERNMENTAL ENTITIES. AS A GENERAL RULE SUCH CONTRIBUTIONS ARE UNRESTRICTED AND REQUIRE NO MONITORING. IN THE EVENT SUCH CONTRIBUTIONS ARE RESTRICTED FOR A SPECIFIC PURPOSE OR USE, SUCH AS BY THE FIRE DEPARTMENT, THE ORGANIZATION RELIES UPON COMMUNICATIONS WITH APPROPRIATE GOVERNMENT OFFICIALS TO VERIFY SUCH CONTRIBUTIONS ARE USED FOR THE RESTRICED PURPOSE. A RESIDENT MAY MAKE APPLICATION FOR ASSISTANCE WITH MONTHLY FEES. THE PINES RECONCILES A RESIDENT'S NET WORTH AS REPORTED AT THE TIME OF ADMISSION TO THE PINES TO CONFIDENTIAL FINANCIAL STATEMENT SUBMITTED AT THE TIME OF APPLICATION FOR ASSISTANCE TO THE PINES TO DETERMINE IF THE DEPLETION OF THE RESIDENT'S FINANCIAL RESOURCES HAS BEEN FOR REASONABLE AND JUSTIFIABLE REASONS. DOCUMENTATION REQUIRED MAY INCLUDE BUT IS NOT LIMITED TO PAST AND PRESENT TAX RETURNS, STATEMENTS FROM BROKERAGE/INVESTMENT ACCOUNTS, BANK ACCOUNT STATEMENTS, SETTLEMENT STATEMENT FOR SALE OF RESIDENCE. ALL APPLICANTS GO THROUGH THIS PROCESS AND ARE TREATED CONSISTENTLY. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EDGAR L MULLER | ||||||||||||||
| PRESIDENT & EXECUTIVE DIRECTOR | 153074 | 0 | 54863 | 0 | 1787 | 0 | 0 | 0 | 18146 | 0 | 227870 | 0 | 0 | 0 |
| DAVID C RAINEY | ||||||||||||||
| CFO & VICE PRESIDENT | 120432 | 0 | 34236 | 0 | 1425 | 0 | 0 | 0 | 15347 | 0 | 171440 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | AS A JOB REQUIREMENT THE DIRECTOR OF PLANT SERVICES IS REQUIRED TO RESPOND IN PERSON WITHIN 15 MINUTES OR LESS ON A 24/7 BASIS TO EMERGENCIES (SUCH AS FIRES, PROPERTY DAMAGE, INCLEMENT WEATHER CONDITIONS OR EQUIPMENT FAILURES) THAT MAY OCCUR ON THE PINES' REAL PROPERTY AND IMPROVEMENTS. PURSUANT TO THE PINES' CRISIS MANAGEMENT PLAN, THE PINES' DIRECTOR OF PLANT SERVICES SERVES AS THE INCIDENT COMMANDER IN CERTAIN CRISES, INCLUDING THOSE NAMED ABOVE, AND IN SUCH ROLE IS THE PINES' EMPLOYEE RESPONSIBLE FOR COMMUNICATING WITH THE POLICE, FIRE AND OTHER EMERGENCY PERSONNEL. IN RECOGNITION OF THE IMPORTANCE OF SUCH CRITICAL JOB DUTIES, THE DIRECTOR OF PLANT SERVICES IS PERMITTED TO RESIDE IN A SINGLE FAMILY RESIDENCE OWNED BY THE PINES AND LOCATED WITHIN 5 MINUTES OR LESS FROM THE PINES AT A BARGAIN RENTAL. THE DIRECTOR OF PLANT SERVICES IS THE ONLY EMPLOYEE OF THE PINES WHO RECEIVES SUCH A BENEFIT. BEGINNING IN JANUARY, 2013, SUCH BARGAIN RENTAL WAS ELIMINATED AND THE DIRECTOR OF PLANT SERVICES NOW PAYS FAIR VALUE RENTAL. |
| PART I, LINE 7 | ALL BONUSES ARE DISCRETIONARY AND BASED ON PERFORMANCE OF BOTH THE EMPLOYEE AND THE ORGANIZATION. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC MEDICAL CARE COMMISSION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 521309402 | IssuerEIN |
| CUSIP Number | 6579024A7 | CUSIPNumber |
| Date Issued | 2006-07-07 | DateIssued |
| Issue Price | 31066000 | IssuePrice |
| Description Of Purpose | FACILITY EXPANSION & RENOVATION AND REDEMPT OF BONDS ISSUED 1/1/1994 | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Amount Retired | 9040000 | AmountRetired |
| Total Proceeds | 31789985 | TotalProceeds |
| Amount In Reserve Fund | 1975450 | AmountInReserveFund |
| Capitalized Interest | 1539687 | CapitalizedInterest |
| Issuance Costs From Proceeds | 516646 | IssuanceCostsFromProceeds |
| Capital Expenditures | 17163842 | CapitalExpenditures |
| Other Spent Proceeds | 11921916 | OtherSpentProceeds |
| Year Of Subst Completion | 2008 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 0 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 1 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | EX OFFICIO MEMBERS DO NOT HAVE VOTING RIGHTS | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD OF DIRECTORS OF THE PINES AT DAVIDSON MAINTAINS AN AUDIT COMMITTEE AS ONE OF ITS STANDING COMMITTEES. ALL MEMBERS OF THE AUDIT COMMITTEE ARE VOLUNTEER DIRECTORS WHO ARE INDEPENDENT OF MANAGEMENT. ALL MEMBERS OF THE AUDIT COMMITTEE ARE EXPERIENCED BUSINESS PEOPLE AND THE CHAIRPERSON IS A CERTIFIED PUBLIC ACCOUNTANT. THE CHAIRPERSON ALSO SERVES AS A MEMBER OF THE EXECUTIVE COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS AND REPORTS AS NEEDED DIRECTLY TO THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE MEETS AT LEAST ANNUALLY IN EXECUTIVE SESSION WITH THE AUDITORS WITHOUT MANAGEMENT PRESENT. CLIFTONLARSONALLEN AUDITS THE ORGANIZATION AND ALSO PREPARES ITS FORM 990 BASED ON INFORMATION PROVIDED BY THE PINES' MANAGEMENT. PRIOR TO FILING THE 990 TAX RETURN THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE. A COPY OF THE FORM 990 IS ALSO PROVIDED TO ALL DIRECTORS PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION MONITORS THE CONFLICT OF INTEREST POLICY BY SENDING A QUESTIONNAIRE PREPARED BY THE ORGANIZATION'S ATTORNEY AT LEAST ANNUALLY TO ALL DIRECTORS WHO RETURN SIGNED QUESTIONNAIRES. MANAGEMENT OF THE PINES WORKS CLOSELY WITH ITS LEGAL AND TAX ADVISORS IN THE EVENT ANY DIRECTORS INDICATE POTENTIAL CONFLICTS AND PROVIDE ASSISTANCE IN DETERMINING PROPER TREATMENT AND DISCLOSURE. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND/OR THE BOARD OF DIRECTORS IS ALSO APPRISED OF ANY POTENTIAL CONFLICTS OF INTEREST. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE PINES' BOARD OF DIRECTORS ("BOARD") SERVES AS THE COMPENSATION COMMITTEE THAT EVALUATES THE PERFORMANCE AND REVIEWS AND SETS COMPENSATION FOR THE PRESIDENT/EXECUTIVE DIRECTOR AND VICE PRESIDENT/CFO OF THE PINES. THE EXECUTIVE COMMITTEE IS COMPRISED OF DIRECTORS OF THE CORPORATION, CONSISTING OF THE CHAIRMAN, VICE CHAIRMAN, TREASURER, AND SECRETARY OF THE CORPORATION AND THE CHAIRPERSONS OF THE COMMITTEES OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE MEETS AT LEAST ANNUALLY TO EVALUATE THE PRESIDENT AND VICE PRESIDENT. A NUMBER OF FACTORS ARE CONSIDERED AS PART OF THIS PROCESS, INCLUDING BUT NOT LIMITED TO, AN ASSESSMENT OF JOB PERFORMANCE AS MEASURED BY THE ATTAINMENT OF KEY FINANCIAL AND NON-FINANCIAL OBJECTIVES ESTABLISHED BY THE BOARD AS PART OF THE CORPORATION'S STRATEGIC PLAN. THE STRATEGIC PLAN ADOPTED BY THE BOARD AND IN EFFECT FOR THE 2012 TAX YEAR INCLUDES EIGHT KEY STRATEGIC GOALS: (1) EXCEPTIONAL FACILITIES, (2) HIGH QUALITY HEALTH CARE AND OTHER SERVICES, (3) CARING, TALENTED AND LOYAL TEAM, (4) DELIGHTED RESIDENTS, (5) STRONG COMMUNITY RELATIONS, (6) FINANCIAL STRENGTH, (7) INNOVATIVE CULTURE DRIVING HIGH OCCUPANCY, AND (8) EFFECTIVE BOARD GOVERNANCE. THE BOARD ALSO ADOPTED QUANTIFIABLE,MEASURABLE OBJECTIVES FOR EACH OF THESE EIGHT KEY GOALS AS A WAY OF MEASURING THE PERFORMANCE OF THE PINES' MANAGEMENT TEAM. EXAMPLES OF SUCH OBJECTIVES INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING (NUMBERS IN PARENTHESES REFER TO THE RELATED STRATEGIC GOAL): MAINTAINING A PASSING HEALTH DEPARTMENT RATING ON THE POOLS (1), ACHIEVING A COUNTY HEALTH DEPARTMENT RESTAURANT SANITATION SCORE OF 95 OR BETTER (2), HAVING NO INCIDENTS OF RESIDENT ABUSE OR NEGLECT (2), MEETING EMPLOYEE TURNOVER AND SATISFACTION OBJECTIVES (3), MEETING RESIDENT SATISFACTION OBJECTIVES (4), ANSWERING NURSING CALL BELLS WITHIN 3 MINUTES 95% OF THE TIME (4), STRIVING TO RESPOND TO ALL LIFE SAFETY RELATED AND HIGH PRIORITY WORK ORDERS IN A TIMELY MANNER (4), COMPLYING WITH NC GENERAL STATUTES PERTAINING TO THE LEVEL OF CHARITY CARE AND COMMUNITY BENEFIT PROVIDED BY RETIREMENT COMMUNITIES TO OBTAIN EXCLUSION FROM PROPERTY TAXATION (5), SCORING AT THE MEDIAN OR BETTER ON 17 KEY FINANCIAL RATIOS CALCULATED ANNUALLY ON 150 SINGLE SITE NONPROFIT ACCREDITED CONTINUING CARE RETIREMENT COMMUNITIES (6), STRIVING TO MAINTATIN AN 'A-' FITCH RATING OR BETTER (6), OPERATING THE FACILITY AT AN OPERATING MARGIN OF 3% TO 5% OR BETTER (6), MAINTAINING POSITIVE CASH FLOW EACH YEAR AS MEASURED BY CASH USED OR PROVIDED FROM OPERATIONS (6), AND MAINTAINING 95% OCCUPANCY OR BETTER IN INDEPENDENT LIVING (7). IN EVALUATING THE REASONABLENESS AND APPROPRIATENESS OF COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENT, THE COMPENSATION COMMITTEE CONSIDERS COMPENSATION FOR SIMILAR POSITIONS AT OTHER NONPROFIT ORGANIZATIONS IN THE SAME INDUSTRY WITH COMPARABLE TOTAL REVENUES. SUCH INFORMATION ON APPROXIMATELY 50 OTHER NONPROFIT CONTINUING CARE RETIREMENT COMMUNITIES (MAINLY IN NC) IS GATHERED FROM FORM 990 TAX RETURNS BY AN INDEPENDENT COMPENSATION CONSULTANT WHO IS A CPA. THE INDEPENDENT COMPENSATION CONSULTANT PROVIDES HIS REPORT DIRECTLY TO THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE ALSO CONSIDERS A NATIONAL COMPENSATION SURVEY DONE FOR LEADING AGE (FORMERLY THE AMERICAN ASSOCIATION OF HOMES AND SERVICES FOR THE AGING) THAT PROVIDES REGIONAL AND NATIONAL COMPENSATION DATA FOR SIMILAR POSITIONS AT APPROXIMATELY 300 NONPROFIT CONTINUING CARE RETIREMENT COMMUNITIES. THE PRESIDENT AND VICE PRESIDENT RANK BELOW THE 75TH PERCENTILE WHEN THEIR COMPENSATION IS COMPARED TO THE COMPENSATION SURVEY INFORMATION REFERRED TO ABOVE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | FORM 990 AS WELL AS THE CONFLICT OF INTEREST POLICY AND THE CORPORATE BYLAWS ARE AVAILABLE ON REQUEST AT THE BUSINESS OFFICE OF THE PINES. THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON REQUEST AND A COPY IS KEPT IN THE LIBRARY OF THE PINES AT DAVIDSON. THE ORGANIZATION FILES A DISCLOSURE STATEMENT ANNUALLY WITH THE NORTH CAROLINA DEPARTMENT OF INSURANCE AND IS AVAILABLE ON THE NCDOI WEBSITE. SUCH DISCLOSURE STATEMENT CONTAINS SIGNIFICANT INFORMATION ABOUT THE STATUS AND OPERATIONS OF THE PINES. SUCH DISCLOSURE STATEMENT IS ALSO AVAILABLE IN THE LIBRARY OF THE PINES AND IS DISTRIBUTED TO ALL APPLICANTS FOR RESIDENCE. | |
| FORM 990, PART XI, LINE 9: | CHANGE IN DISCOUNT -43,532. NET ASSET RELEASED FROM RESTRICTION FOR OPERATIONS -162,222. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | NO CHANGE IN METHOD SINCE THE PRIOR YEAR. | |
| FORM 990, PART I, LINE 19 RECONCILIATION: | THE REVENUE LESS EXPENSES FOR THE FISCAL YEAR 2012 AS REPORTED ON PART I, LINE 19 OF THE FORM 990 RECONCILES TO THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS IN THE FOLLOWING MANNER: TOTAL OPERATING REVENUE AND SUPPORT..........16,697,676 TOTAL OPERATING EXPENSES.....................16,332,669 INCREASE IN UNRESTRICTED NET ASSETS........365,007 FORM 990, PART I, LINE 19.....................1,193,964 RESTRICTED CONTRIBUTIONS.......................(182,173) UNRESTRICTED CONTRIBUTIONS.......................(6,481) RESTRICTED INTEREST INCOME.....................(331,006) REALIZED GAIN FROM SALE OF INVESTMENTS.........(309,297) INCREASE IN UNRESTRICTED NET ASSETS........365,007 THE INCREASE IN UNRESTRICTED NET ASSETS OF $365,007 FOR FISCAL YEAR 2012 REPRESENTS 2.2% OF TOTAL OPERATING REVENUES OF $16,697,676 FOR SUCH YEAR. THIS RATIO IS REFERRED TO AS THE OPERATING MARGIN RATIO. AN OPERATING MARGIN RATIO OF 2.2% MEANS THAT $2.20 OUT OF EVERY $100 IN OPERATING REVENUES REMAINED AFTER ACCOUNTING FOR OPERATING EXPENSES. BY WAY OF COMPARISON, THE MEDIAN OPERATING RATIO FOR A GROUP OF APPROXIMATELY 150 SINGLE SITE ACCREDITED CONTINUING CARE RETIREMENT COMMUNITIES WAS 1.62% FOR 2012 (SOURCE: FINANCIAL RATIOS TREND ANALYSIS OF CARF-CCAC ACCREDITED ORGANIZATIONS). |
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