2012-10-15T09:28:27-05:00 2011-12-31 560747981 DIXON HUGHES GOODMAN LLP POST OFFICE BOX 25849 GREENVILLE SC 296165849 990 2011-01-01 570699090 WESTMINSTER PRESBYTERIAN CENTER INC WEST 8033285000 1330 INDIA HOOK ROAD ROCK HILL SC 297322412 DEBRA PEDERSEN 8033285000 2012-10-15 1 AMY BIBBY P00445891 8642885544 2011 2016-02-24 21:20:13Z WESTMINSTER TOWERS DEBRA PEDERSEN 1330 INDIA HOOK ROAD ROCK HILL SC 297322412 13179972 0 X WWW.WESTMINSTERTOWERS.ORG X 1981 SC TO PROVIDE A CONTINUUM OF CARE TO MEET THE NEEDS OF OLDER ADULTS 14 12 332 50 0 0 49313 112098 11949831 12696913 356430 310329 0 0 12355574 13119340 0 0 0 0 6074207 6343330 0 0 1548 5193507 5089011 11267714 11432341 1087860 1686999 26135238 27182648 25358340 24806441 776898 2376207 X THE MISSION OF WESTMINSTER PRESBYTERIAN CENTER INC. IS TO PROVIDE A CONTINUUM OF CARE FOR OLDER ADULTS, WHICH PROMOTES A QUALITY LIFESTYLE ENVIRONMENT THAT MEETS RESIDENTS' SPIRITUAL, PHYSICAL, EMOTIONAL AND SOCIAL NEEDS. 0 0 9778031 12696913 THE ORGANIZATION OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDED HOUSING, HEALTH CARE, AND REHABILITATION SERVICES TO APPROXIMATELY 529 SENIOR CITIZENS IN 2011, WHICH REPRESENTED 83,720 DAYS OF SERVICE. IN THE REHABILITATION UNIT (MEDICARE CERTIFIED) SPECIALIZING IN ORTHOPEDIC CARE--PRIMARILY KNEE REPLACEMENTS AND HIP FRACTURE TREATMENT--CARED FOR 254 RESIDENTS FROM SEVEN COUNTIES IN 2011. ALSO IN 2011, THE HOMEBRIDGE UNIT PROVIDED 54,845 HOURS OF COMPANION SERVICES TOTALING 19,252 VISITS. IN PARTNERSHIP WITH HOSPICE AND COMMUNITY CARE, THE ORGANIZATION PROVIDED 4,770 MEALS TO THEIR HOSPICE CLIENTS AT COST. IN PARTNERSHIP WITH GRACE LUTHERAN CHURCH, THE ORGANIZATION PROVIDED 144 HOURS OF WELLNESS AND FITNESS CLASSES TO MEMBER OF THE ROCK HILL COMMUNITY. THE ORGANIZATION ALSO PROVIDED 117 HOURS OF AQUATIC ARTHRITIS CLASSES IN THE ARTHRITIS FOUNDATION CERTIFIED INDOOR SWIMMING POOL AT WESTMINSTER TO MEMBERS 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 FOCUSED ON MEETING THE NEEDS OF 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. 9778031 1 0 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 0 1 10 0 1 332 1 0 0 0 0 0 0 0 0 0 0 X 14 12 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X X DEBRA PEDERSEN CFO 8033285120 1330 INDIA HOOK ROAD ROCK HILL SC 29732 ELVIN WALKER 2.00 X X 0 0 0 JOHN EASON 2.00 X X 0 0 0 JAMES ARDREY 2.00 X X 0 0 0 JAMES BRIGHT 2.00 X 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 GUY DARBY 2.00 X 0 0 0 ROBERT HAYES 2.00 X 0 0 0 MARSH LEPHEW 2.00 X 0 0 0 JOHN RINEHART 2.00 X 0 0 0 DR RION RUTLEDGE 2.00 X 0 0 0 SIGMON HUITT 2.00 X 0 0 0 ANTHONY FOUNTAIN 40.00 X 153562 0 6841 DEBRA PEDERSEN 40.00 X 106944 0 612 260506 0 7453 2 0 1 0 GENESIS REHABILITATION SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 THERAPY 837669 1 112098 112098 HEALTH CENTER FEES 623000 6172209 6172209 RESIDENT SERVICE FEES 623000 5161283 5161283 HOMEBRIDGE REVENUES 623000 800181 800181 ENTRANCE FEES 623000 539674 539674 CAMPUS HOME HEALTH 623000 7025 7025 16541 16541 12696913 370961 370961 14500 46132 -14500 -46132 -60632 -60632 13119340 12696913 0 310329 262383 15483 245352 1548 4839972 4066401 773571 7200 5760 1440 856121 684897 171224 377654 302123 75531 3756 3756 35900 35900 330307 264246 66061 53475 53475 1244269 1174762 69507 408532 404447 4085 72043 57634 14409 12356 12356 969925 960226 9699 663078 656447 6631 95165 95165 THERAPY EXPENSES 857423 857423 PHARMACY AND LABWORK 317782 317782 MISCELLANEOUS EXPENSES 13000 10400 2600 BAD DEBT EXPENSE 12000 12000 11432341 9778031 1652762 1548 787638 1422957 101116 97783 913092 994832 44806 35921 196296 102996 26444707 12365722 14419541 14078985 7428518 8224456 2244231 2224718 26135238 27182648 742383 739122 6304054 6053672 18251963 17688350 59940 325297 25358340 24806441 X -227744 1264627 84602 69753 920040 1041827 776898 2376207 26135238 27182648 X 1686999 -87690 X X 0 1 1 X 0 X 60605 53761 44683 49313 112098 320460 10255443 10974909 11462867 11949831 12696913 57339963 10316048 11028670 11507550 11999144 12809011 57660423 23025 32692 16110 12835 18326 102988 0 23025 32692 16110 12835 18326 102988 57557435 358934 365840 314213 356430 370961 1766378 358934 365840 314213 356430 370961 1766378 16239 16239 10691221 11394510 11821763 12355574 13179972 59443040 0.96830 0.96730 0.02970 0.03010 X 1059178 44548 26934 1130660 912486 38622 108070 1059178 733297 39214 139975 912486 910314 32134 -196668 9918 2565 733297 0.07660 0.86940 0.05400 0 0 584841 584841 23124318 11070351 12053967 464964 222593 242371 2240873 1072778 1168095 29711 29711 14078985 DEFERRED FINANCING COSTS, NET 554231 BOND RETIREMENT FUND 1670487 2224718 RESIDENT DEPOSITS AND REFUNDS 325297 325297 13119340 11432341 1686999 -87690 -87690 1599309 13031650 -87690 -87690 13119340 0 13119340 11432341 0 11432341 0 11432341 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: 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, 2011. FISCAL YEARS ENDING ON OR AFTER DECEMBER 31, 2008, REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. X X X X 0 0 0 0 0 0 0 0 0 ANTHONY FOUNTAIN 143562 0 10000 0 0 0 0 0 6841 0 160403 0 0 0 SC JOBS ECONOMIC DEVELOPMENT AUTHORITY 570960018 000837031 2005-12-20 14460000 FACILITY RENOVATIONS, REFUND BONDS ISSUED IN 1998 AND 2000 0 0 0 1695000 14300925 1012249 49141 828363 13072766 2009 0 1 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUE: AMOUNTS PRESENTED ON LINE 3 INCLUDE $322,078 OF EARNINGS ON INVESTMENT OF BOND PROCEEDS. AMOUNTS EARNED ANNUALLY IN THE BOND'S DEBT SERVICE AND 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 10: CAPITAL EXPENDITURES FROM PROCEEDS: AMOUNTS ON LINE 10 DIFFERS FROM THE PRIOR SCHEDULE K BY $98,465. THIS AMOUNT REPRESENTS TRANSFERRED PROCEEDS FROM A PRIOR ISSUE NOT REQUIRED TO BE REPORTED AS PROCEEDS OF THE CURRENT 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. JOHN BARNES JR DIRECTOR JOHN BARNES, JR. HAS A FAMILY OWNED LOCAL TELEPHONE COMPANY THAT PROVIDES TELEPHONE SERVICE AND EQUIPMENT TO WESTMINISTER PRESBYTERIAN CENTER. 0 GUY DARBY DIRECTOR GUY DARBY HAS A FAMILY OWNED OIL COMPANY THAT PROVIDES HEATING OIL TO WESTMINISTER PRESBYTERIAN CENTER. 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 MANAGEMENT OF THE ORGANIZATION, 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -87,690. 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