2013-11-11T08:21:15-06:00 2013-06-30 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2012-07-01 232194364 LANDIS HOMES RETIREMENT COMMUNITY LAND 7175693271 1001 EAST OREGON ROAD LITITZ PA 17543 LARRY J ZOOK 7175693271 2013-11-08 1 JULIUS GREEN CPA P00350393 2159720701 2012 2016-03-07 17:11:31Z LARRY J ZOOK 1001 EAST OREGON ROAD LITITZ PA 17543 36888282 0 X WWW.LANDISHOMES.ORG X 1964 PA CONTINUING CARE RETIREMENT COMMUNITY PROVIDING HOUSING, HEALTH CARE AND OTHER RELATED SERVICES. 10 10 558 452 0 0 694197 622282 27971600 29252248 421299 874286 603908 1353486 29691004 32102302 24850 17566 0 0 17722771 15818338 0 0 201173 12299375 14116622 30046996 29952526 -355992 2149776 82180342 86427025 70175533 71807421 12004809 14619604 X THE MINISTRY OF LANDIS HOMES IS TO SERVE AGING ADULTS AND THEIR FAMILIES BY HONORING AND ENRICHING THEIR LIVES IN A COMMUNITY OF CHRIST-LIKE LOVE. 0 0 25175716 17566 29252248 LANDIS HOMES IS A CONTINUING CARE RETIREMENT COMMUNITY SERVING THE AGING POPULATION BY PROVIDING HOUSING, HEALTH CARE AND RELATED SERVICES ON A 114 ACRE CAMPUS SURROUNDED BY PRESERVED FARMLAND. LANDIS HOMES IS HOME TO 744 PERSONS LIVING IN COTTAGES, APARTMENTS, SUITES, PERSONAL CARE, HEALTHCARE, AND HERITAGE SPECIAL CARE (PERSONS WITH MEMORY LOSS). OCCUPANCY FOR FISCAL 2013 WAS AS FOLLOWS: COTTAGES AND APARTMENTS - 94.6%, RESIDENTIAL SUITES - 83%, PERSONAL CARE - 98.4%, HEALTHCARE - 97.9%, AND HERITAGE SPECIAL CARE - 98.5%. LANDIS HOMES PROVIDES CHARITY CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. IN 2013, CHARITY CARE, WHICH REPRESENTS THE DIFFERENCE BETWEEN THE ESTIMATED COST OF PROVIDING CARE AND THE PAYMENTS RECEIVED FOR SERVICES RENDERED, TOTALED $865,000. LANDIS HOMES SERVED ANOTHER 88 PERSONS ON A WEEKLY BASIS IN 2013 THROUGH TWO ADULT DAY SERVICE CENTERS LOCATED ON THE CAMPUS. A CHILDREN'S LEARNING CENTER PROVIDES CHILDCARE AND EDUCATION FOR INFANT TO PRESCHOOL AGE CHILDREN. AVERAGE WEEKLY ATTENDANCE IN 2013 WAS 53. LANDIS AT HOME IS A HOME AND COMMUNITY BASED SERVICES PROGRAM, SERVING CLIENTS BOTH ON AND OFF THE LANDIS HOME CAMPUS. VISITS FOR 2013 TOTALED 27,521. LANDIS HOMES HOSTS PATHWAYS INSTITUTE WHICH IS A LEARNING OPPORTUNITY FOR OLDER ADULTS OFFERING CLASSES ON A WIDE RANGE OF TOPICS. PATHWAYS INSTITUTE IS OPEN TO OLDER ADULTS BOTH RESIDENTS AND NON-RESIDENTS. LANDIS HOMES ALSO HOSTS A MEMORY SUPPORT AND A PARKINSON'S SUPPORT GROUP; BOTH PROGRAMS ARE OPEN TO THE PUBLIC COMMUNITY. VOLUNTEERS PROVIDE VARIOUS SERVICES FOR THE ORGANIZATION. THESE SERVICES ARE NOT RECOGNIZED AS CONTRIBUTIONS IN THE FINANCIAL STATEMENTS AS THE RECOGNITION CRITERIA UNDER SFAS NO. 116 ARE NOT MET. VOLUNTEERS CONTRIBUTED 37,000 HOURS IN FISCAL 2013. 25175716 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 72 0 1 558 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X LARRY J ZOOK PRESIDENT 7175693271 1001 EAST OREGON ROAD LITITZ PA 17543 JOHN W EBY 1.00 1.00 X X 0 0 0 GLEN D MOFFETT 1.00 1.00 X X 0 0 0 R CLAIR SAUDER 1.00 1.00 X X 0 0 0 CAROL S BORNMAN 1.00 X 0 0 0 RACHEL THOMAS PELLMAN 1.00 X 0 0 0 JAMES R MARTIN 1.00 X 0 0 0 JONATHAN E HOLLINGER 1.00 X 0 0 0 MARIAN G LEAMAN 1.00 X 0 0 0 DR DANIEL MAST 1.00 X X 0 0 0 FRED T SARGENT 1.00 X 0 0 0 LARRY J ZOOK 36.00 14.00 X 105000 92314 35091 CAROLYN N BURKE 38.00 10.00 X 65173 61450 11942 EVA J BERING 41.00 7.00 X 74592 67208 18198 LINFORD L GOOD 45.00 X 117256 0 27894 ALLEN HEINLY 41.00 4.00 X 64355 57917 29088 426376 278889 122213 2 0 1 0 BENCHMARK CONSTRUCTION COMPANY INC 4121 OREGON PIKE BROWNSTOWN PA 17508 GENERAL CONTRACTOR 1820619 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 THERAPY SERVICES 762173 LANDSTUDIES 315 NORTH STREET LITIZ PA 17543 LANDSCAPE ARCHITECTS 692416 MORRISON MANAGEMENT SPECIALISTS PO BOX 102289 ATLANTA GA 30368 DINING MANAGEMENT SERVICES 285742 MANHEIM MEDICAL SUPPLY PO BOX 9065 LANCASTER PA 176049065 MEDICAL SUPPLY 215079 12 88065 534217 622282 RESIDENT SERVICE REV. 623000 26032450 26032450 AMORT OF ENTRANCE FEES 623000 3219798 3219798 29252248 302977 302977 135503 6786 128717 128717 128717 5187687 3953 4614425 5906 573262 -1953 571309 571309 77763 88065 40138 37625 37625 125708 118725 6983 6983 IMPRELIS SETTLEMENT REVENUE 900099 563192 563192 CAFETERIA REVENUE 623000 222710 222710 TELEPHONE & TV 623000 95762 95762 298497 298497 1180161 32102302 29252248 0 2227772 17566 17566 12383786 11481782 766544 135460 663843 615492 41090 7261 1593246 1489167 87764 16315 1177463 1091702 72882 12879 2532408 264686 2267722 18525 18525 15625 15625 2298 2298 49750 49750 1041632 952685 88947 35003 6518 28485 711011 471252 226957 12802 96351 3748 92603 1819836 1810926 8910 80082 72591 7227 264 148331 10536 137467 328 980145 980145 4363926 4363926 260595 260595 FOOD 790415 790415 MEDICAL SUPPLIES 468044 468044 BED ASSESSMENT EXPENSE 205041 205041 OTHER RESIDENT EXPENSES 166869 166869 330735 23940 290931 15864 29952526 25175716 4575637 201173 2540 2577 1191505 2934046 3058493 2820447 214568 255997 101629683 45898055 55029074 55731628 21140187 23002717 164267 164267 1379708 1515346 82180342 86427025 2928045 2915425 22414718 25305414 43511790 42042229 1320980 1544353 70175533 71807421 X 10637694 13227880 407932 399245 959183 992479 12004809 14619604 82180342 86427025 X 2149776 390214 74805 X X 0 1 X 1 0 X 593521 564867 469581 694197 622282 2944448 23975287 24784010 26332466 27971600 29815440 132878803 24568808 25348877 26802047 28665797 30437722 135823251 6897 11380 25200 43477 0 6897 11380 25200 43477 135779774 396521 446326 516672 372319 438480 2170318 396521 446326 516672 372319 438480 2170318 1931 1931 335365 511844 607294 622487 724505 2801495 25302625 26307047 27926013 29660603 31600707 140796995 0.96440 0.96460 0.01540 0.01600 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: CAFETERIA REVENUE - 2008 AMOUNT: $ 137,778. 2009 AMOUNT: $ 180,924. 2010 AMOUNT: $ 220,697. 2011 AMOUNT: $ 222,119. 2012 AMOUNT: $ 222,710. TELEPHONE TV - 2008 AMOUNT: $ 91,145. 2009 AMOUNT: $ 86,302. 2010 AMOUNT: $ 86,065. 2011 AMOUNT: $ 95,645. 2012 AMOUNT: $ 95,762. MISC RESIDENT FEES - 2008 AMOUNT: $ 8,864. 2009 AMOUNT: $ 10,634. 2010 AMOUNT: $ 9,655. 2011 AMOUNT: $ 14,479. 2012 AMOUNT: $ 26,146. GUEST LODGING - 2008 AMOUNT: $ 17,199. 2009 AMOUNT: $ 20,129. 2010 AMOUNT: $ 26,305. 2011 AMOUNT: $ 28,390. 2012 AMOUNT: $ 26,787. POOL/CRAFT INCOME - 2008 AMOUNT: $ 17,883. 2009 AMOUNT: $ 19,424. 2010 AMOUNT: $ 18,631. 2011 AMOUNT: $ 18,998. 2012 AMOUNT: $ 20,085. IT SERVICES - 2008 AMOUNT: $ 6,588. 2009 AMOUNT: $ 19,563. 2010 AMOUNT: $ 50,535. 2011 AMOUNT: $ 35,334. 2012 AMOUNT: $ 39,697. PATHWAYS INSTITUTE - 2008 AMOUNT: $ 4,978. 2009 AMOUNT: $ 17,520. 2010 AMOUNT: $ 18,382. 2011 AMOUNT: $ 23,553. 2012 AMOUNT: $ 24,061. INSURANCE PROCEEDS - 2008 AMOUNT: $ 4,093. 2011 AMOUNT: $ 1,702. 2012 AMOUNT: $ 0. PCRRG DISTRIBUTION - 2008 AMOUNT: $ 46,837. 2009 AMOUNT: $ 36,386. 2010 AMOUNT: $ 60,558. 2011 AMOUNT: $ 67,919. 2012 AMOUNT: $ 70,541. MISCELLANEOUS REVENUE - 2009 AMOUNT: $ 6,315. 2010 AMOUNT: $ 508. 2011 AMOUNT: $ 1,901. 2012 AMOUNT: $ 6,057. GIFT SHOP - 2009 AMOUNT: $ 104,055. 2010 AMOUNT: $ 96,925. 2011 AMOUNT: $ 99,732. 2012 AMOUNT: $ 107,536. MANAGEMENT SERVICES - 2009 AMOUNT: $ 3,000. 2010 AMOUNT: $ 5,000. 2011 AMOUNT: $ 5,210. 2012 AMOUNT: $ 53,080. PURCHASED LABOR - 2009 AMOUNT: $ 7,592. 2010 AMOUNT: $ 14,033. 2011 AMOUNT: $ 6,755. 2012 AMOUNT: $ 7,006. CHAPEL INCOME - 2011 AMOUNT: $ 750. 2012 AMOUNT: $ 450. MEMBERSHIP REFUNDS - 2012 AMOUNT: $ 24,587. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 804 0 0 0 0 1 1494 2298 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: ON OCCASION WE SEND LETTERS BY EMAIL TO OUR SENATORS AND CONGRESSMEN STATING OUR CONCERNS WITH REGARDS TO ISSUES THAT HAVE IMPACT FOR LONG-TERM CARE. ALSO, OCCASIONALLY, SOME GOVERNMENT REPRESENTATIVES COME ON CAMPUS, SPEAK TO RESIDENTS AND TO MANAGEMENT. AT THESE TIMES WE ALSO EXPRESS OUR CONCERNS WITH REGARD TO LONG-TERM CARE. OUR COSTS INCURRED FOR THESE ACTIVITIES CONSIST MAINLY OF STAFF TIME INVOLVED AND AMOUNT TO $804. THE ORGANIZATION ALSO PAYS DUES TO NATIONAL (LEADINGAGE) AND STATE (LEADINGAGE PA) ASSOCIATIONS OF HOMES AND SERVICES FOR THE AGING. A MINIMAL PORTION OF THE ORGANIZATIONS' DUES ARE USED FOR LOBBYING PURPOSES. $1,494 REPORTED AS LOBBYING EXPENDITURES IS THE PORTION OF LEADINGAGE'S DUES THAT WERE USED FOR LOBBYING PURPOSES BY LEADINGAGE (5.3% OF THE ORGANIZATION'S DUES OF $8,941). A MINIMAL PERCENTAGE OF THE ORGANIZATION'S $16,534 DUES PAID TO LEADINGAGE PA WAS ALSO USED FOR LOBBYING PURPOSES. 1009402 15836 61669 24731 2889 1059287 887204 110634 36929 22845 2520 1009402 780937 37438 98012 -26957 -2226 887204 701039 44222 62232 24109 2447 780937 757929 36957 -65835 26199 1813 701039 0.00000 1.00000 0.00000 1 0 258538 258538 67859564 27057475 40802089 31487415 18840580 12646835 2024166 2024166 55731628 REFUNDABLE FEES 815274 PRIORITY AGREEMENTS LIABILITY 536500 DERIVATIVE FINANCIAL INSTRUMENT 192579 1544353 X 32624910 390214 74805 465019 32159891 49750 -107339 -57589 32102302 30010115 107339 107339 29902776 49750 49750 29952526 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION HAS TWO ENDOWMENT FUNDS. INTEREST AND DIVIDENDS FROM THE FUND ARE USED FOR THE FOLLOWING: FIRST ENDOWMENT FUND - TO HELP PAY FOR SERVICES TO RESIDENTS WHOSE RESOURCES HAVE BEEN DEPLETED. SECOND ENDOWMENT FUND - TO PROVIDE ORGANIZED LEARNING OPPORTUNITIES FOR RESIDENTS THAT WILL ENHANCE AND ENCOURAGE CURIOSITY AND THE PURSUIT OF LIFELONG LEARNING. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT HAS DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2013. RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE YEARS PRIOR TO 2010 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE, SPLIT-INTEREST AGREEMENTS 6,904. CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENTS 67,901. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -6,786. GIFT SHOP-COST OF GOODS SOLD -100,553. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 6,786. GIFT SHOP-COST OF GOODS SOLD 100,553. AUCTION 110143 47023 63120 11329 15825 GOLF TOURNAMENT 55685 41042 14643 8800 4184 165828 88065 77763 20129 20009 40138 37625 1 NEFFSVILLE COMMUNITY FIRE COMPANY 200 E OREGON ROAD LANCASTER PA 17606 237307205 501(C)(3) 10000 SUPPORT LOCAL VOLUNTEER FIRE COMPANY 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION ONLY PROVIDES GRANTS TO OTHER CHARITABLE ORGANIZATIONS AND MAKES CONCERTED EFFORTS TO ENSURE ANY DONEE HAS A FEDERAL EXEMPTION ON FILE. X X X 0 0 0 0 0 0 0 0 0 LARRY J ZOOK 105000 92314 0 0 0 0 7800 7985 9653 9653 122453 109952 0 0 EVA J BERING 74592 67208 0 0 0 0 5541 5803 3427 3427 83560 76438 0 0 ALLEN HEINLY 64355 57917 0 0 0 0 4781 5001 9653 9653 78789 72571 0 0 A LANCASTER COUNTY HOSPITAL AUTHORITY 236648018 51404NABO 2007-08-30 7970000 CAPITAL IMPROVEMENTS AND RENOVATIONS; REFINANCE EXISTING DEBT 0 0 0 B LANCASTER COUNTY HOSPITAL AUTHORITY 236648018 514045ZK2 2009-12-10 19650000 RESIDENTIAL EXPANSION PROJECT, CAPITAL IMPROVEMENTS, RETIRE LOANS 0 0 0 C EAST HEMPFIELD TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 231925435 2012-06-01 9386790 REFUND 1998 BONDS, REFUND CONSTRUCTION LOAN, PAY FOR FINANCING COSTS 0 0 0 A 7970000 62084 294099 4128560 3547341 2009 1 0 1 1 B 940000 19650000 418539 724449 16451942 2441332 32277 2011 1 0 0 1 C 709561 9386790 144865 9241925 1 0 1 1 A 0 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 0 0 0 0 B 0 1 0 0 1 1 PNC 3.000000000000 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: LANCASTER COUNTY HOSPITAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/07/2012 PART III, LINE 3B AND PART V LANDIS HOMES IS CURRENTLY WORKING WITH A BOND TRUSTEE TO DEVELOP POST-ISSUANCE POLICIES AND PROCEDURES. THE ORGANIZATION ANNUALLY CALCULATES REBATE AS PART OF ITS POST-ISSURANCE MONITORING PROCESS. FORM 990, PART VI, SECTION A, LINE 3 LANDIS COMMUNITIES PROVIDES EXECUTIVE MANAGEMENT SERVICES AND ALL FINANCIAL SERVICES FOR THE ORGANIZATION. THE ORGANIZATION HAS A CONTRACT WITH AN OUTSIDE AGENCY FOR BOTH CORPORATE COMPLIANCE AND RISK MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS AND ARTICLES OF INCORPORATION WERE CHANGED AND APPROVED EFFECTIVE 7/1/2012. THE DOCUMENTS WERE AMENDED TO STATE THAT THEY ARE A CONTROLLED AFFILIATE OF LANDIS COMMUNITES, A NON-PROFIT ORGANIZATION EXEMPT FROM TAXATION UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. FORM 990, PART VI, SECTION A, LINE 6 LANDIS COMMUNITIES IS THE SOLE MEMBER OF LANDIS HOMES RETIREMENT COMMUNITY AS OF 7/1/2012. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S BOARD MEMBERS ARE APPROVED/APPOINTED BY THE LANDIS COMMUNITIES BOARD. UNDER THE BYLAWS THE BOARD MAKEUP IS REQUIRED TO BE COMPRISED OF A MAJORITY WHO ARE MEMBERS OF LANCASTER MENNONITE CONFERENCE CONGREGATIONS AND TWO-THIRDS WHO ARE MEMBERS OF AN ANABAPTIST CONGREGATION. AT LEAST ONE DIRECTOR OR OFFICER SHALL ALSO SERVE ON THE LANDIS COMMUNITIES BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER HOLDS RESERVE POWERS THAT REQUIRES MEMBER APPROVAL OVER CERTAIN DECISIONS AS DESCRIBED IN THE CORPORATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FEDERAL FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. THE FINANCE COMMITTEE OVERSEES THE FINANCIAL AFFAIRS OF THE ORGANIZATION AND REVIEWS THE FEDERAL FORM 990 FOR COMPLETENESS. THE EXECUTIVE COMMITTEE MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO INVITED TO THE FINANCE COMMITTEE MEETING IN WHICH THE FEDERAL FORM 990 IS REVIEWED. UPON REVIEW, THE FINANCE COMMITTEE WILL TAKE ACTION TO APPROVE THE TAX RETURN. THIS INFORMATION IS REPORTED TO THE BOARD OF DIRECTORS IN THE MINUTES OF THE FINANCE COMMITTEE. ADDITIONALLY, THE FEDERAL FORM 990 IS MADE AVAILABLE, ELECTRONICALLY, TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PART OF OUR CODE OF CONDUCT THAT IS DISTRIBUTED TO BOTH THE BOARD OF DIRECTORS AND KEY EMPLOYEES. TRAINING IS PROVIDED ANNUALLY AS PART OF OUR COMPLIANCE PROGRAM. ANNUALLY THE BOARD OF DIRECTORS PROVIDES A WRITTEN AND SIGNED ATTESTATION REGARDING THE CODE OF CONDUCT. ANNUALLY THE BOARD OF DIRECTORS COMPLETES AND SIGNS A CONFLICT OF INTEREST DISCLOSURE CHECKLIST. THE GOVERNANCE COMMITTEE OF THE BOARD FIRST REVIEWS THE SIGNED DISCLOSURES AND ANY POTENTIAL CONFLICTS. IT IS THEN PASSED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR REVIEW. DURING THE COURSE OF THE YEAR, THE CONFLICT OF INTEREST POLICY IS MONITORED. AT THE BEGINNING OF EVERY MEETING THERE IS A CONFLICT OF INTEREST AGENDA ITEM - MEMBERS ARE REMINDED OF THE POLICY AND ASKED TO REVIEW THE AGENDA AND NOTE IF ANY DISCUSSION ITEM POSES A POTENTIAL CONFLICT FOR THEM. IF THERE IS A CONFLICT OF INTEREST FOR A MEMBER OF MANAGEMENT OR THE BOARD, THAT PERSON SHALL NOT PARTICIPATE IN THE DISCUSSION OR DELIBERATION REGARDING THE MATTER AND SHALL NOT PARTICIPATE DIRECTLY OR INDIRECTLY IN THE DECISION PROCESS OR VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS ADOPTED A COMPENSATION POLICY AS RECOMMENDED BY THE GOVERNANCE COMMITTEE. IN GENERAL, THE COMPENSATION FOR THE CEO IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE BASED UPON ANNUAL REVIEW OF COMPARATIVE FINANCIAL INDICATORS AND MARKET TRENDS TO ENSURE SALARIES ARE WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. COMPENSATION FOR KEY EMPLOYEES IS DETERMINED ANNUALLY BY THE CEO AND IS BASED UPON EXTERNAL FACTORS SUCH AS COMPARATIVE FINANCIAL DATA, MARKET TRENDS, AND COST OF LIVING TO ENSURE SALARIES ARE WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. THIS COMPENSATION IS INCORPORATED INTO THE ANNUAL BUDGETING PROCESS AND APPROVED BY THE BOARD UPON ADOPTION OF THE BUDGET. BOARD LEVEL DISCUSSIONS ON COMPENSATION ARE RECORDED IN BOTH THE MINUTES OF THE EXECUTIVE COMMITTEE AND THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT TEAM IS COMPENSATED BY THEIR SUPPORTING ORGANIZATION, LANDIS COMMUNITIES. 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. THE FINANCIAL STATEMENTS ARE ALSO PUBLISHED ON THE MUNICIPAL SECURITIES RULEMAKING BOARD'S ELECTRONIC MUNICIPAL MARKET ACCESS WEBSITE REPOSITORY AT EMMA.MSRB.ORG. THE WEBSITE IS OPEN TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE, SPLIT-INTEREST AGREEMENTS 6,904. CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENTS 67,901. AUDIT OVERSIGHT: FORM 990, PART XII, LINE 2C THE PROCESS FOR DETERMINING INDEPENDENT AUDITORS AND OVERSIGHT OF THE AUDIT PROCESS IS NOW BEING PERFORMED BY THE ORGANIZATION'S SUPPORTING ORGANIZATION, LANDIS COMMUNITIES. ALL FINANCIAL STATEMENTS WILL NOW BE ON A CONSOLIDATED BASIS. OFFICER COMPENSATION: FORM 990, PART VII, COLUMNS D AND E DURING THE CURRENT YEAR, THERE HAVE BEEN STRUCTURAL CHANGES TO THE GROUP OF RELATED ENTITIES WHICH INCLUDE LANDIS HOMES AND ITS PARENT, LANDIS COMMUNITIES. LANDIS COMMUNITIES TOOK OVER MANAGEMENT AND ADMINISTRATIVE RESPONSBILITIES FROM LANDIS HOMES. CONSEQUENTLY, OFFICERS WERE PAID BY BOTH LANDIS HOMES AND LANDIS COMMUNITIES AND COMPENSATION WAS REPORTED IN BOTH COLUMNS D AND E FOR THE TIME PERIOD REPRESENTED ON PART VII. LANDIS AT HOME LLC 1001 E OREGON ROAD LITITZ PA 17543 204435391 HOME & COMMUNITY BASED SERVICE PROGRAM PA 576694 87340 LANDIS HOMES RETIREMENT COMMUNITY LANDIS COMMUNITIES 1001 EAST OREGON ROAD LITIZ PA 175439206 300706945 SUPPORTING ORGANIZATION PA 501(C)(3) LINE 11C, III-FI N/A 0 WELSH MOUNTAIN HOME 567 SPRINGVILLE ROAD NEW HOLLAND PA 17557 232815761 PERSONAL CARE FACILITY PA 501(C)(3) LINE 9 LANDIS COMMUNITIES 0 LANDIS SUPPORT SERVICES INC 1001 E OREGON ROAD LITITZ PA 17543 270586298 IT & CONSULTING SERVICES PA LANDIS COMMUNITIES C 0 QUALITY LIVING CHOICES 1001 E OREGON ROAD LITITZ PA 17543 611683369 SENIOR HOUSING PA LANDIS COMMUNITIES C 0 0 0 0 1 0 0 0 0 0 1 0 1 1 1 1 0 0 0 0