2013-08-28T15:47:27-05:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 610 WEST GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2012-01-01 830344521 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY WHIT 2154028500 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 PETER E FLEMING 2154028500 2013-08-22 1 JAMES D WATSON P01450300 2156433900 2012 2016-02-24 21:20:13Z PETER E FLEMING 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 40829047 0 X WWW.THEHILLATWHITEMARSH.ORG X 2001 PA THE HILL AT WHITEMARSH SUPPORTS, HONORS, AND UPLIFTS THE LIVES OF ITS RESIDENTS AND THOSE WHO SERVE THEM. 17 11 362 20 0 0 437831 1041096 28441669 30684480 381806 63515 898120 2195172 30159426 33984263 0 0 0 0 9156791 9077597 0 0 0 25034130 24888638 34190921 33966235 -4031495 18028 228576833 225837577 254683880 251904988 -26107047 -26067411 TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE SERVICES TO SENIOR CITIZENS IN OUR SURROUNDING COMMUNITIES TO ALLOW OUR RESIDENTS TO LIVE AS INDEPENDENT A LIFESTYLE AS POSSIBLE WITH DIGNITY AND COMPASSION. 0 0 31492600 30684480 WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY OWNS AND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE, DINING, WELLNESS AND RELATED SERVICES AND AMENITIES TO SERVE ITS 65 AND OLDER SENIOR RESIDENTS. THE COMMUNITY IS COMPRISED OF 180 APARTMENT RESIDENCES, 86 ATTACHED AND DETACHED SINGLE FAMILY HOMES, 60 SKILLED NURSING ROOMS AND 28 ASSISTED LIVING SUITES IN THE HEALTH CENTER AND DINING AND WELLNESS FACILITIES LOCATED ON 96 ACRES IN WHITEMARSH TOWNSHIP, PENNSYLVANIA. AS OF DECEMBER 31, 2012, 253 OF THE RESIDENCES WERE OCCUPIED. 31492600 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 362 1 0 0 0 0 0 0 0 0 0 0 X 17 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X PETER E FLEMING CFO 2154028712 4000 FOX HOUND DRIVE LAFAYETTE HILL PA 19444 PATRICIA BAILEY 0.50 X 0 0 0 HENRY CROUTER 0.50 X X 0 0 0 PHILIP S DEMING 2.00 X X 0 0 0 EDITH DIXON 0.50 X 0 0 0 ARMIN FRANK 0.50 X 0 0 0 LOUISE JOHNSTON 0.50 X 0 0 0 RICHARD JONES JR 0.50 X 0 0 0 WILLIAM MARAZZO 0.50 X 0 0 0 JUDITH MCGRUTHER 50.00 X X 416000 0 10125 LUDLOW MILLER 0.50 X 0 0 0 JESSICA MOORE 0.50 X 0 0 0 HUGH MOULTON 0.50 X X 0 0 0 SHAUN O'MALLEY 0.50 X 0 0 0 FRANK REED 0.50 X 0 0 0 JAMES STUDDIFORD 0.50 X 0 0 0 MACK STULB 2.00 X X 0 0 0 CHRIS VAN DE VELDE 0.50 X 0 0 0 PETER FLEMING 50.00 X 155307 0 12949 SARAH JOLLES 40.00 X 128391 0 8699 EMILY LIEBERT 40.00 X 104433 0 7496 804131 0 39269 4 0 1 0 CALDWELL HECKLES & EGAN INC 1270 GROFFTOWN ROAD LANCASTER PA 17602 GENERAL CONTRACTOR 4455989 SELECT MEDICAL REHABILITATION SERVICES PO BOX 643920 PITTSBURGH PA 15264 THERAPY PROVIDOR 725959 RJL SERVICES 852 MEADOWNWOOD LANE WARMINSTER PA 18974 GENERAL CONTRACTOR 515215 OMNICARE PHARMACY PO BOX 715268 COLUMBUS OH 43271 PHARMACY PROVIDER 380556 US FOODSERVICE 1200 HOOVER AVE ALLENTOWN PA 18109 FOOD 378462 26 1041096 1041096 RESIDENT CARE FEES 623000 24585659 24585659 AMORT OF DEFERRED ENTRANCE FEES 623000 5869123 5869123 MEDICAL CARE FEES 623000 229698 229698 30684480 176299 176299 22341 0 22341 22341 22341 6732000 6844784 -112784 -112784 -112784 GAIN ON EXTINGUISHMENT OF DEBT 900090 1234609 1234609 MEAL REVENUE 722210 364848 364848 UTILITIES REVENUE 221000 245824 245824 327550 327550 2172831 33984263 30684480 0 2258687 671432 671432 6969723 6622638 347085 93004 93004 705281 638174 67107 638157 489326 148831 176371 176371 53066 53066 948113 948113 295415 270561 24854 4337082 4085474 251608 179857 59027 120830 2984875 2933464 51411 15502 6754 8748 11149 9516 1633 8108922 8108922 7205493 7205493 410990 410990 REPAIRS AND MAINTENANCE 108242 106939 1303 DUES AND SUBSCRIPTIONS 39719 8199 31520 EDUCATION AND TRAINING 13842 13842 33966235 31492600 2473635 0 5717002 2655842 508106 815416 665890 687081 223964674 30637206 192420473 193327468 20010635 20107728 9254727 8244042 228576833 225837577 1908837 2500744 111497345 111452770 123850792 121599816 307786 261299 34062 22459 6780000 6072000 10305058 9995900 254683880 251904988 X -26107047 -26067411 -26107047 -26067411 228576833 225837577 18028 21608 0 X X 0 1 X 1 0 X 405055 231537 192612 437831 1041096 2308131 22056828 25572967 28618288 28441669 30684480 135374232 22461883 25804504 28810900 28879500 31725576 137682363 280148 138979 92421 305549 670415 1487512 0 280148 138979 92421 305549 670415 1487512 136194851 592673 419313 396013 390130 198640 1996769 592673 419313 396013 390130 198640 1996769 620944 718907 812473 898120 2172831 5223275 23675500 26942724 30019386 30167750 34097047 144902407 0.93990 0.94520 0.01380 0.01940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 14343480 14343480 205151547 28162904 176988643 4469647 2474302 1995345 193327468 ASSETS LIMITED AS TO USE 10225028 C STATUTORY LIQUID RESERVE 9882700 C 20107728 INTEREST PAYABLE ON BONDS 3155425 INTEREST PAYABLE ON NOTES 3752975 DEFERRED DEVELOPMENT FEES 3087500 9995900 X 34005871 21608 21608 33984263 0 33984263 33966235 0 33966235 0 33966235 PART IV, LINE 2B: DEPOSITS FROM PROSPECTIVE RESIDENTS CONSISTING OF RESERVATION FEE DEPOSITS ARE RECEIVED FROM PROSPECTIVE RESIDENTS PURSUANT TO THE EXECUTION OF THE RESIDENCY AGREEMENT AND GENERALLY REPRESENT 10% OF THE TOTAL ENTRANCE FEE FOR THE UNIT SELECTED. THE DEPOSITS ARE APPLIED TO THE TOTAL ENTRANCE FEE DUE UPON OCCUPANCY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CORPORATION HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE CORPORATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. THE CORPORATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2009 TO 2011 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. X X X X X 0 0 0 0 0 0 0 0 0 JUDITH MCGRUTHER 303000 0 48000 0 65000 0 0 0 10125 0 426125 0 113000 0 PETER FLEMING 155307 0 0 0 0 0 0 0 12949 0 168256 0 0 0 A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232241512 613609UP9 2005-02-07 179262187 CONSTRUCTION AND DEVELOPMENT OF CCRC 0 0 0 B MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232241512 613609XP6 2008-04-03 6000000 CONSTRUCTION AND DEVELOPMENT OF CCRC 0 0 0 A 58505371 179262187 9517306 121186 1845973 167898908 2007 0 0 1 1 B 6000000 420000 120000 5460000 2008 0 0 1 1 A 0 1 0 0 0.00220 0.00000 0.00220 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K PART IV LINE 2C COL. A AND B THE DATE THE REBATE COMPUTATION WAS PERFORMED THE REBATE COMPUTATION FOR THE 2005 AND 2008 BOND WAS PERFORMED ON FEBRUARY 1 OF 2013. FORM 990, PART VI, SECTION A, LINE 1 AN EXECUTIVE COMMITTEE AND/OR ANY OTHER STANDING OR TEMPORARY COMMITTEE, CONSISTING OF TWO (2) OR MORE DIRECTORS, MAY BE APPOINTED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. EACH SUCH COMMITTEE SHALL HAVE AND EXERCISE SUCH AUTHORITY OF THE BOARD OF DIRECTORS ON BEHALF OF THE CORPORATION IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION AS THE BOARD MAY SPECIFIY IN THE RESOLUTION ESTABLISHING SUCH COMMITTEE OR AS THE BOARD BY RESOLUTION MAY SUBSEQUENTLY DETERINE, WHICH MAY INCLUDE ANY ACTION WHICH THE PENNSYLVANIA NONPROFIT CORPORATION LAW OF 1988 PROVIDES SHALL OR MAY BE TAKEN BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED WITH THE BOARD'S AUDIT COMMITTEE AT ONE OF THEIR REGUALAR QUARTERLY MEETINGS AND THEN IT IS DISTRIBUTED TO THE WHOLE BAORD FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLCIT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY EACH BOARD MEMBER AND SUBMITTED TO THE GOVERNANCE COMMITTEE OF THE BOARD FOR THEIR REVIEW. BASED ON THEIR REVIEW, THE GOVERNANCE COMMITTEE DETERMINES WHETHER A POTENITAL OR ACTUALL CONFLICT OF INTEREST EXISTS AND SBIMITS THE MATTER TO THE FULL BOARD FOR THEIR CONSIDERATION. THE FULL BOARD THEN DECIDES WHAT ACTION SHOULD BE TAKEN IN REPSONSE TO THE CONFLICT WHICH MAY INLCUDE THE RESIGNATION FROM THE BOARD OF THE MEMBER WIHT A CONFLICT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, SUCH PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD BASED ON A REVIEW OF THE CEO'S PERFORMANCE RELATIVE TO THE ORGNANIZATION'S GOALS, A REVIEW OF THE COMPENSATION OF CEO'S FROM COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990 AND A REVIEW OF RELVANT COMPENSATION SURVEY INFORMATION AND WITH THE ADVICE OF COUNSEL. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO BASED ON A REVIEW OF THE KEY EMPLOYEES PERFORMANCE RELATIVE TO THE ORGNANIZATION'S GOALS, A REVIEW OF COMPENSATION AT COMPARABLE NONPROFIT ORGANIZATIONS FROM THEIR FORM 990, A REVIEW OF RELEVANT SALARY SURVEYS AND WITH THE ADVICE OF THE EXECUTIVE COMMITTEE COMPENSATION REVIEWS FOR OFFICERS AND KEY EMPLOYEES LAST OCCURRED IN 2012. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED TO A FINANCIAL DISCLOSURE WEB SITE, INCLUDED WITH THE PUBLICLY AVAILABLE DISCLOSURE STATEMENT OF THE COMMUNITY AND DISTRIBUTED UPON REQUEST TO ALL RESIDENTS OF THE COMMUNITY. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED SINCE THE PRIOR YEAR.