2012-05-15T12:38:16-05:00 2011-06-30 PARENTEBEARD LLC 20 STANWIX STREET SUITE 800 PITTSBURGH PA 15222 990 2010-07-01 251729925 REDSTONE PRESBYTERIAN SENIORCARE REDS 7248328400 6 GARDEN CENTER DRIVE GREENSBURG PA 15601 MARK CELIGOI 7248328400 2012-05-14 1 BRIAN R LENART EA 4122819690 2010 2016-02-24 21:20:13Z JOHN R DICKSON IV 6 GARDEN CENTER DRIVE GREENSBURG PA 15601 29756231 0 X WWW.REDSTONEHIGHLANDS.ORG X 1980 PA TO PROVIDE LIVING ALTERNATIVES & HIGH QUALITY SERVICES TO MEET THE CHANGING NEEDS OF THE COMMUNITY. 15 14 507 237 0 0 599624 266979 23718206 24477499 489985 989439 46759 -499459 24854574 25234458 0 0 0 0 13236688 13560556 27825 10885 209826 12340532 12994547 25605045 26565988 -750471 -1331530 75342223 73776592 81106352 78986840 -5764129 -5210248 REDSTONE PRESBYTERIAN SENIORCARE IS A CHRISTIAN, NON-PROFIT ORGANIZATION OPEN TO ALL FAITHS, THAT IS DEDICATED TO PROVIDING LIVING ALTERNATIVES AND HIGH QUALITY SERVICES THAT HELP TO MEET THE CHANGING NEEDS OF THE COMMUNITY. 0 0 21359022 0 24477499 HOUSING AND NURSING CARE FOR THE ELDERLY ON THREE CAMPUSES LOCATED IN GREENSBURG, NORTH HUNTINGDON, AND MURRYSVILLE IN WESTMORELAND COUNTY, PENNSYLVANIA. THE FACILITY INCLUDES 77 SKILLED NURSING BEDS, 133 PERSONAL CARE BEDS, 260 INDEPENDENT LIVING APARTMENTS, AND 12 INDEPENDENT LIVING VILLAS. 21359022 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 16 0 1 507 1 0 0 0 0 0 1 1 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MARK CELIGOI CHIEF FINANCIAL OFFIC 7248328400 6 GARDEN CENTER DRIVE GREENSBURG PA 15601 JOHN R DICKSON IV 40.00 X X 181902 0 45180 ANNELIESE PAULY 2.00 X X 0 0 0 REGIS J SYNAN 2.00 X X 0 0 0 REV MARTIN R ANKRUM 2.00 X 0 0 0 JO ANN LIGHTCAP 2.00 X 0 0 0 DR JOHN S PARKER 2.00 X X 0 0 0 LOIS RUNZO 2.00 X 0 0 0 DENNIS DIFFENDERFER 2.00 X 0 0 0 ROBERT BROOKS 2.00 X 0 0 0 JAMES P GALLAGHER 2.00 X 0 0 0 REV J CHARLES MACPHERSON III 2.00 X 0 0 0 GARY HAYDEN 2.00 X 0 0 0 LINDA STUMPF PHD 2.00 X 0 0 0 DR CAREY VINSON 2.00 X 0 0 0 CHARLES WEST 2.00 X 0 0 0 RANDY E THORNTON 40.00 X 98339 0 25868 280241 0 71048 1 0 1 0 US FOOD SERVICE - GREENSBURG 1114 GARDEN STREET GREENSBURG PA 15601 FOOD SERVICE 820892 LAWN SENSE INC 450 DAVIDSON ROAD PITTSBURGH PA 15239 LAWN SERVICE 219571 MELLOTT CONSTRUCTION 3010 STATE ROUTE 5 CORTLAND OH 44410 CONSTRUCTION 205600 OWENS & MINOR INC 134 INDUSTRIAL PARK ROAD SUITE 1000 GREENSBURG PA 15601 MEDICAL EQUIPMENT 198720 RAIMONDO CONSTRUCTION CO INC 131 SOUTH LINCOLN AVENUE GREENSBURG PA 15601 CONSTRUCTION 196018 9 15602 251377 35100 266979 RESIDENT SERVICE REVEN 623000 24241393 24241393 ANCILLARY SERVICES 623000 236106 236106 24477499 554561 554561 4600 4600 4600 4600 4919625 4484747 434878 434878 434878 61615 15602 37026 24589 24589 NET LOSS ON REFINANCIN 900099 -528648 -528648 -528648 25234458 24477499 0 489980 351289 351289 10561074 8964338 1470422 126314 213742 189140 21937 2665 1613592 1182687 398264 32641 820859 678742 132553 9564 124612 124612 56440 56440 10885 10885 923534 413802 501161 8571 194978 194438 540 358861 51473 291395 15993 1461548 1461548 101398 59072 41148 1178 2906821 1956483 950338 2822065 2714177 107888 182791 21273 161518 RESIDENT EXPENSE 2088653 2003250 85403 0 BAD DEBT 733777 733777 0 0 MAINTENANCE AND EQUIPME 724797 675669 49128 0 181718 181718 0 STAFF TRAINING AND RECR 133835 65535 67137 1163 -1281 6338 -7931 312 26565988 21359022 4997140 209826 1800 1956 1561205 1378488 3473670 3103982 79998 25992 370833 111119 74577758 29583591 46205060 44994167 10096860 10643336 11090782 11407085 2462015 2110467 75342223 73776592 1932407 2036787 68647580 68710587 1872231 8654134 8239466 81106352 78986840 X -6991327 -6484780 101758 85880 1125440 1188652 -5764129 -5210248 75342223 73776592 X -1331530 1885411 X X 0 1 1 X 0 X 1510873 451815 599624 266979 2829291 21646039 22906889 23718206 24477499 92748633 23156912 23358704 24317830 24744478 95577924 0 0 0 95577924 1292039 429386 488757 559161 2769343 1292039 429386 488757 559161 2769343 41894 43450 61615 146959 24448951 23829984 24850037 25365254 98494226 0.97040 0.96860 0.02810 0.03020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1121971 62771 50665 50665 1184742 1042726 79245 16617 16617 1121971 1028584 14142 44398 44398 1042726 1.00000 0 0 1199200 2710220 3909420 35540872 13032140 22508732 5614580 2491567 3123013 27105716 13818575 13287141 2407170 241309 2165861 44994167 DEBT SERVICE RESERVE FUNDS 6514538 F ACT 82 RESERVES 2457296 F BENEVOLENT CARE ENDOWMENT 1189253 F BOARD DESIGNATED FUNDS 1019133 F DONOR RESTRICTED FUNDS 223228 F RESIDENT FUNDS 3637 F 11407085 SECURITY DEPOSITS 559357 DEFERRED RESIDENCY DEPOSITS 6413397 DERIVATIVE FINANCIAL INSTRUMENT 1266712 8239466 25234458 26565988 -1331530 1304560 580851 1885411 553881 27156895 1304560 580851 1885411 25271484 -37026 -37026 25234458 26603014 37026 37026 26565988 0 26565988 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: INTEREST EARNED THROUGH ENDOWMENT FUNDS ARE USED FOR LONG TERM CARE FOR OUR RESIDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: REDSTONE PRESBYTERIAN SENIORCARE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES BY 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 DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2011 AND 2010. REDSTONE PRESBYTERIAN SENIORCARE'S FEDERAL INCOME TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2010, 2009 AND 2008 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 8 - OTHER ADJUSTMENTS: VALUATION GAIN ON DERIVATIVE FINANCIAL INSTRUMENTS 598,690. VALUATION GAIN, BENEFICIAL INTEREST IN PERPETUAL TRUST 441. VALUATION LOSS, BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS -18,280. PART XII, LINE 2D - OTHER ADJUSTMENTS: VALUATION GAIN ON DERIVATIVE FINANCIAL INSTRUMENTS 598,690. VALUATION LOSS, BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS -18,280. VALUATION GAIN, BENEFICIAL INTEREST IN PERPETUAL TRUST 441. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -37,026. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 37,026. SPIRIT OF GIVING GALA 77217 15602 61615 1000 17213 195 12366 450 5802 77217 15602 61615 1000 17213 195 12366 450 5802 37026 24589 X 1 1 X X 0 0 0 0 0 0 0 0 0 JOHN R DICKSON IV 181902 0 0 0 0 0 8800 0 36380 0 227082 0 0 0 WESTMORELAND COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 961008QB7 2005-11-15 52691683 SERIES 2005A/B BONDS - REFUND 2000B BONDS 12/6/00 0 0 0 WESTMORELAND COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 961008QQ5 2005-11-15 20000000 SERIES 2005C BONDS - REFUND 1998A 7/9/98; REFUND 2000B AND 2000C 12/6/00 0 0 0 WESTMORELAND COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 2010-11-01 30000000 2010: REF. 2005B 11/15/05; REF. 2005C 11/15/05 0 0 0 24555000 52691683 2356906 1053834 159228 4636 0 1 1 1 8860000 20000000 1068018 400982 244590 497 1 0 1 1 90000 30000000 412573 57427 900000 1 0 0 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 X VEST AIRWAY CLEARANCE SYSTEM 1 16425 FAIR MARKET VALUE X FURNITURE AND HOUSEHOLD ITEMS 1 10675 FAIR MARKET VALUE X PORTRAIT SESSIONS 1 8000 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED FIRST BY THE PRESIDENT/CEO AND VP OF FINANCE/CFO, THEN PRESENTED TO THE EXECUTIVE COMMITTEE AND THE BUDGET AND FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST CERTIFICATION ANNUALLY. IF A CONFLICT IS IDENTIFIED, THE MEMBER IS ASKED TO RESIGN FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 FOR THE CEO, BENCHMARKING OF SIMILAR SIZE FACILITIES WAS USED TO INITIALLY DETERMINE COMPENSATION. THE BOARD'S EXECUTIVE COMMITTEE YEARLY AGREES ON THE LEVEL OF COMPENSATION. FOR OTHER OFFICERS OR KEY EMPLOYEES COMPENSATION IS AWARDED BASED ON THE RESULTS OF PERFORMANCE APPRAISALS. HISTORICALLY, THE BOARD OF DIRECTORS HAS APPROVED A 3% ANNUAL INCREASE. FORM 990, PART VI, SECTION C, LINE 19 POLICIES, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS MAY BE MADE AVAILABLE UPON REQUEST DEPENDING ON NEED. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,304,560. VALUATION GAIN ON DERIVATIVE FINANCIAL INSTRUMENTS 598,690. VALUATION GAIN, BENEFICIAL INTEREST IN PERPETUAL TRUST 441. VALUATION LOSS, BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS -18,280. TOTAL TO FORM 990, PART XI, LINE 5: 1,885,411. FORM 990, PART XI, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANTS.