2013-11-12T11:41:13-06:00 2012-12-31 560747981 DIXON HUGHES GOODMAN LLP POST OFFICE BOX 25849 GREENVILLE SC 296165849 990 2012-01-01 570699090 WESTMINSTER PRESBYTERIAN CENTER INC WEST 8033285000 1330 INDIA HOOK ROAD ROCK HILL SC 297322412 DEBRA PEDERSEN 8033285000 2013-11-12 1 AMY BIBBY P00445891 8642885544 2012 2016-02-24 21:20:13Z WESTMINSTER TOWERS DEBRA PEDERSEN 1330 INDIA HOOK ROAD ROCK HILL SC 297322412 13982443 0 X WWW.WESTMINSTERTOWERS.ORG X 1981 SC TO PROVIDE A CONTINUUM OF CARE TO MEET THE NEEDS OF OLDER ADULTS 15 14 391 35 0 0 112098 83230 12696913 13468432 310329 387761 0 0 13119340 13939423 0 0 0 0 6343330 7091581 0 0 10519 5089011 5358583 11432341 12450164 1686999 1489259 27182648 28573255 24806441 24344544 2376207 4228711 X WESTMINSTER TOWERS, AN EXTENSION OF THE MINISTRY OF WESTMINSTER PRESBYTERIAN CHURCH, WAS FOUNDED ON THE THEOLOGICAL PRINCIPLES AND VALUES OF THE PRESBYTERIAN CHURCH OF AMERICA.OUR MISSION IS TO PROVIDE SERVICES THAT INSPIRE, ENCOURAGE, AND ENPOWER SENIORS. WHILE DEMONSTRATING THE LOVE OF CHRIST TO SUPPORT INDIVIDUAL WELL-BEING. 0 0 10653769 13468432 THE ORGANIZATION OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDED HOUSING, HEALTH CARE, AND REHABILITATION SERVICES TO APPROXIMATELY 501 SENIOR CITIZENS IN 2012, WHICH REPRESENTED 83,991 DAYS OF SERVICE. 228 RESIDENTS FROM SEVEN COUNTIES RECEIVED CARE FROM THE MEDICARE CERTIFIED REHABILITATION UNIT, WHICH SPECIALIZES IN ORTHOPEDIC CARE (PRIMARILY KNEE REPLACEMENTS AND HIP FRACTURE TREATMENT).ALSO IN 2012, THE HOMEBRIDGE UNIT PROVIDED 100,732 HOURS OF COMPANION SERVICES. IN PARTNERSHIP WITH HOSPICE AND COMMUNITY CARE, THE ORGANIZATION PROVIDED 3,978 MEALS TO THEIR HOSPICE CLIENTS AT COST. IN PARTNERSHIP WITH GRACE LUTHERAN CHURCH, THE ORGANIZATION PROVIDED 198 HOURS OF WELLNESS AND FITNESS CLASSES TO MEMBER OF THE ROCK HILL COMMUNITY. AS A NON-PROFIT, GIVING BACK TO THE COMMUNITY IS IMPORTANT TO THE WESTMINSTER TOWERS FAMILY. WE CURRENTLY OFFER SUPPORT, SPONSORSHIPS, VOLUNTEERS, AND MEETING SPACE TO 78 ORGANIZATIONS IN THE LOCAL COMMUNITY. MEETING THE NEEDS OF THE COMMUNITY IS ALSO IMPORTANT TO OUR RESIDENTS. THEIR HELPING HANDS COMMITTEE SUPPORTED FIVE ORGANIZATIONS THROUGH DONATIONS OF SUPPLIES, MONEY, AND THEIR TIME: CHILDREN'S ATENTION HOME, PILGRIM'S INN, ROCK HILL SCHOOL DISTRICT 3, TENDER HEARTS HOUSE OF HOPE AND FOOD PANTRY, AND SAMARITAN'S PURSE. 10653769 1 1 0 0 0 0 0 0 0 1 1 0 0 1 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 1 0 0 0 0 0 1 0 0 0 1 12 0 1 391 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X DEBRA PEDERSEN CFO 8033285120 1330 INDIA HOOK ROAD ROCK HILL SC 29732 JAMES BRIGHT 2.00 X X 0 0 0 SIGMON HUITT 2.00 X X 0 0 0 JOHN EASON 2.00 X X 0 0 0 RION RUTLEDGE 2.00 X X 0 0 0 WILL MAULDIN 2.00 X 0 0 0 JOHN BARNES JR 2.00 X 0 0 0 MANNING BIGGERS 2.00 X 0 0 0 ROBERT BREAKFIELD 2.00 X 0 0 0 MERLE CRAFT 2.00 X 0 0 0 JOHN GABRENAS JR 2.00 X 0 0 0 ROBERT HAYES 2.00 X 0 0 0 MARSHA LEPHEW 2.00 X 0 0 0 JOHN RINEHART 2.00 X 0 0 0 RANDY IMLER 2.00 X 0 0 0 JOHN LITTLE JR 2.00 X 0 0 0 DEBRA PEDERSEN 40.00 X 110249 0 47 ANTHONY FOUNTAIN 40.00 X 165015 0 6389 275264 0 6436 2 0 1 0 GENESIS REHABILITATION SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 REHAB 986527 GMK INTERIORS 1201 MAIN ST STE 2100 COLUMBIA SC 29201 INTERIOR PLANNING AND DESIGN 402743 SOUTHERN BUILDERS 521 E WHITE STREET ROCK HILL SC 29730 GENERAL CONTRACTOR 188900 3 83230 83230 HEALTH CENTER FEES 623000 6048072 6048072 RESIDENT SERVICE FEES 623000 5306284 5306284 HOMEBRIDGE REVENUES 623000 1470746 1470746 ENTRANCE FEES 623000 627279 627279 CAMPUS HOME HEALTH 623000 2104 2104 13947 13947 13468432 430781 430781 43020 -43020 -43020 -43020 13939423 13468432 0 387761 281700 17140 255990 8570 5496331 4605285 891046 8498 6798 1687 13 889954 711963 176671 1320 415098 332078 82404 616 3348 3348 36400 36400 309340 247472 61868 53994 53994 621580 550751 70829 387005 383135 3870 75322 60258 15064 941991 932571 9420 893451 884516 8935 102350 102350 MEDICAL SUPPLIES 1315422 1315422 DIETARY 606380 606380 BAD DEBT EXPENSE 12000 12000 12450164 10653769 1785876 10519 1695470 1958224 97783 994832 1031214 35921 30596 102996 182044 27245873 13172188 14078985 14073685 7951943 9082992 2224718 2214500 27182648 28573255 739122 844283 6053672 6205461 17688350 17094736 325297 200064 24806441 24344544 X 1264627 3026542 69753 80130 1041827 1122039 2376207 4228711 27182648 28573255 1489259 363245 0 X X 0 1 X 1 0 X 53761 44683 49313 112098 83230 343085 10974909 11462867 11949831 12696913 13468432 60552952 11028670 11507550 11999144 12809011 13551662 60896037 32692 16110 12835 18326 9475 89438 0 32692 16110 12835 18326 9475 89438 60806599 365840 314213 356430 370961 430781 1838225 365840 314213 356430 370961 430781 1838225 11394510 11821763 12355574 13179972 13982443 62734262 0.96930 0.96830 0.02930 0.02970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1130660 38170 89839 1258669 1059178 44548 26934 1130660 912486 38622 108070 1059178 733297 39214 139975 912486 910314 32134 -196668 9918 2565 733297 0.11500 0.82890 0.05610 0 0 584841 584841 23270433 11791476 11478957 464964 235604 229360 2259866 1145108 1114758 665769 665769 14073685 DEFERRED FINANCING COSTS, NET 523926 BOND RETIREMENT FUND 1690574 2214500 RESIDENT DEPOSITS AND REFUNDS 200064 200064 X 14345688 363245 43020 406265 13939423 0 13939423 12493184 43020 43020 12450164 0 12450164 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUND IS USED EXCLUSIVELY FOR THE FOLLOWING PURPOSES: 1. LONG-TERM HEALTH CARE FOR EXISTING RESIDENTS WITH FINANCIAL NEED 2. EXTENDED ASSISTANCE TO EXISTING RESIDENTS WITH NEED 3. ADMITTANCE ASSISTANCE FOR FUTURE RESIDENTS WHO CANNOT MEET THE FINANCIAL REQUIREMENTS 4. ADMITTANCE ASSISTANCE TO RETIRED MINISTERS AND MISSIONARIES DESIRING RESIDENCE IN THE TOWERS. ALL DONORS TO THE ENDOWMENT FUND RECEIVE A LETTER THANKING THEM FOR THEIR CONTRIBUTION AND OUTLINING ITS EFFECT. HALF OF THE INTEREST EARNED ON THE FUND IS AUTHORIZED FOR INDIGENT RESIDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CENTER HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CENTER HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2012. FISCAL YEARS ENDING ON OR AFTER DECEMBER 31, 2009, REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET 43,020. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET 43,020. X X X X 0 0 0 0 0 0 0 0 0 ANTHONY FOUNTAIN 149222 0 15793 0 0 0 0 0 6389 0 171404 0 0 0 A SC JOBS ECONOMIC DEVELOPMENT AUTHORITY 570960018 000837031 2005-12-20 14460000 FACILITY RENOVATIONS, REFUND BONDS ISSUED IN 1998 AND 2000 0 0 0 A 2015000 14358522 1546241 49141 828363 13072766 2009 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SC JOBS ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/26/2013 SCHEDULE K, PART II, LINE 3, TOTAL PROCEEDS: AMOUNTS PRESENTED ON LINE 3 INCLUDE INVESTMENT EARNINGS TO DATE, AS FOLLOWS: SALE PROCEEDS: $ 13,978,847 INVESTMENT EARNINGS TO DATE: 379,675 TOTAL TO LINE 3: $ 14,358,522 AMOUNTS EARNED ANNUALLY IN THE BOND'S RESERVE FUNDS (REPORTED ON LINE 4) AND AMOUNTS EARNED ON PROJECT FUNDS BEFORE COMPLETION ARE INCLUDED AS PROCEEDS OF THE ISSUE. SCHEDULE K, PART II, LINE 11, OTHER SPENT PROCEEDS: AMOUNTS PRESENTED ON PART II, LINE 11 REPRESENT PROCEEDS USED TO REFUND PRIOR BONDS ISSUED IN 1998 AND 2000. COMPORIUM INC BOARD MEMBER JOHN BARNES, JR IS PART OWNER OF COMPORIUM, INC 99816 WESTMINISTER PRESBYTERIAN CENTER PURCHASED TELEPHONE SERVICE AND EQUIPMENT FROM COMPORIUM, INC 0 FORM 990, PART VI, SECTION A, LINE 7A WESTMINSTER PRESBYTERIAN CENTER IS AFFILIATED WITH WESTMINSTER PRESBYTERIAN CHURCH. THE GOVERNING BODY OF WESTMINSTER PRESBYTERIAN CHURCH MUST APPROVE THE ELECTION OR REMOVAL OF A BOARD MEMBER OF WESTMINSTER PRESBYTERIAN CENTER. FORM 990, PART VI, SECTION A, LINE 7B SEE RESPONSE TO LINE 7A ABOVE. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH OVERSIGHT AND ASSISTANCE BY THE ADMINISTRATIVE STAFF OF THE ORGANIZATION. THE FORM 990 WAS FIRST REVIEWED BY THE CEO AND CFO. THEN THE FORM 990 WAS DISTRIBUTED TO THE FINANCE AND AUDIT COMMITTEE TO REVIEW. PRIOR TO FILING THE BOARD MEMBERS APPROVED THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT IS DISTRIBUTED BY THE CHAIRMAN OF THE BOARD, REVIEWED, ACCEPTED, AND SIGNED BY EACH VOTING BOARD MEMBER ON AN ANNUAL BASIS. PURSUANT TO THIS POLICY, EACH VOTING MEMBER WILL RECUSE THEMSELVES FROM ANY DISCUSSION AND VOTE FOR WHICH A CONFLICT EXISTS FOR THEMSELVES OR MEMBERS OF THEIR FAMILY. THE CHAIRMAN OF THE BOARD IS RESPONSIBLE FOR COLLECTING, ANALYZING, AND REPORTING THE RESULTS OF THE QUESTIONNIARES TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO WILL BE DETERMINED BY THE EXECUTIVE COMMITTEE, AND ANY OTHER BOARD MEMBERS AS APPOINTED BY THE CHAIR AND RECOMMENDED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE COMMITTEE WILL BE COMPOSED OF INDEPENDENT MEMBERS IN BOTH FACT AND APPEARANCE. DUTIES AND RESPONSIBILITIES OF THE COMMITTEE INCLUDE ASSESSING PROGRESS WITH RESPECT TO PERFORMANCE GOALS AND OBJECTIVES RELEVANT TO THE COMPENSATION OF THE CEO AND RECOMMENDING TO THE BOARD COMPENSATION FOR THE CEO. THE COMMITTEE WILL BE EDUCATED WITH ALL ASPECTS OF THE COMPENSATION PACKAGE, INCLUDING BENEFITS. THE COMMITTEE MAY USE INFORMATION FROM A VARIETY OF SOURCES IN DETERMINING COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. IN ADDITION, RECENT FILING OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 PHOTOCOPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WESTMINISTER PRESBYTERIAN CHURCH 1320 INDIA HOOK RD ROCK HILL SC 29732 RELIGIOUS ORGANIZATION SC 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0