2012-11-06T08:42:39-06:00 2012-06-30 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2011-07-01 232132688 ELM TERRACE GARDENS ELMT 2153615664 660 N BROAD STREET LANSDALE PA 19446 ROBERT C MCLAIN 2153615664 2012-11-05 1 JULIUS GREEN CPA P00350393 2159720701 2011 2016-02-24 21:20:13Z TIMOTHY MURPHY 660 N BROAD STREET LANSDALE PA 19446 14203327 0 X WWW.ETG-CCRC.ORG X 1979 PA PROVIDES QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS. 10 10 175 152 0 0 94401 43546 12948555 13716068 83916 333 143946 153700 13270818 13913647 0 0 0 0 5271777 5244842 0 0 0 7192457 7315007 12464234 12559849 806584 1353798 25270640 25594602 23211688 22188317 2058952 3406285 ELM TERRACE GARDENS STRIVES TO PROVIDE QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO ITS RESIDENTS. 0 0 11207500 13785663 ELM TERRACE GARDENS OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 72-BED NURSING FACILITY, A 57-BED PERSONAL CARE FACILITY, AND 128 INDEPENDENT LIVING APARTMENTS. THE COMPANY'S OPERATIONS ARE LOCATED IN LANSDALE, PENNSYLVANIA. APPROXIMATELY 257 RESIDENTS WERE SERVED DURING THE YEAR. 11207500 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 175 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X ROBERT C MCLAIN VPCFO 2153615664 660 N BROAD STREET LANSDALE PA 19446 CLIFFORD T STOUT 2.00 X X 0 0 0 DIL KULATHUM 2.00 X X 0 0 0 JOHN HENLEY 2.00 X X 0 0 0 HAROLD MATHUES 2.00 X X 0 0 0 REV DR KENT BERGHUIS 2.00 X 0 0 0 JACKIE CANNON 2.00 X 0 0 0 DON HELPA 2.00 X 0 0 0 QUINCY LONGACRE 2.00 X 0 0 0 ELIZABETH A SMITH 2.00 X 0 0 0 MARGE WINTER 2.00 X 0 0 0 TIMOTHY MURPHY 40.00 X 59052 0 2065 ROBERT MCLAIN 40.00 X 127432 0 10371 ROBERT LOVELACE 40.00 X 116909 0 7721 303393 0 20157 2 1 0 0 MORRISON SENIOR DINING PO BOX 102289 ATLANTA GA 30368 FOOD SERVICE 2189113 GENESIS REHAB PO BOX 7777 PHILADELPHIA PA 19175 REHAB SERVICES 614887 CONTRACT PHARMACY SERVICES 125 TITUS AVENUE WARRINGTON PA 18976 PHARMACY SERVICES 234400 3 43546 43546 NET RESIDENT SERVICE R 623000 13716068 13716068 13716068 9967 9967 77265 42410 34855 34855 34855 226894 236528 -9634 -9634 -9634 29149 10742 18407 18407 GUEST QUARTERS & MEALS 623000 25697 25697 BARBER & BEAUTY REVENU 623000 20790 20790 TELEPHONE REVENUE 623000 18739 18739 35212 30066 5146 100438 13913647 13785663 0 84438 287257 287257 26416 3075 23341 3927234 3522068 405166 95439 90675 4764 526566 443494 83072 381930 318562 63368 107942 107942 25505 25505 3250694 3250694 122467 122467 205716 133884 71832 77588 77588 828874 828874 21612 19091 2521 8463 8463 518967 518967 1088498 1088498 84968 84968 MEDICAL SUPPLIES 526739 526739 PA NURSING HOME ASSESSM 153337 153337 REPAIRS 122786 122786 LICENSES AND FEES 59902 4349 55553 110949 97439 13510 12559849 11207500 1352349 0 300 300 197326 291604 690480 1247056 28321 26974 91255 109770 32147742 9609764 22854250 22537978 1316652 1303243 92056 77677 25270640 25594602 820425 843531 198093 135429 11536974 10903547 340565 401997 10315631 9903813 23211688 22188317 X 2058952 3406285 2058952 3406285 25270640 25594602 X 1353798 -6465 X 0 1 1 X 0 X 51854 34148 42556 94401 43456 266415 11684051 11935566 12881059 13022546 13785663 63308885 11735905 11969714 12923615 13116947 13829119 63575300 850 750 1600 0 850 750 1600 63573700 95223 80430 80072 108724 87232 451681 95223 80430 80072 108724 87232 451681 10963 24185 20173 50350 59992 165663 11842091 12074329 13023860 13276021 13976343 64192644 0.99040 0.99030 0.00700 0.00780 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE GUEST QUARTERS & MEALS STORE INVENTORY 1402768 1402768 29430477 8622987 20807490 1314497 986777 327720 22537978 REFUNDABLE FEES AND DEPOSITS 360654 DEFERRED REVENUE FROM ENTRANCE FEES 9543159 9903813 13913647 12559849 1353798 -6465 -6465 1347333 13865081 -6465 -42101 -48566 13913647 0 13913647 12517748 0 12517748 42101 42101 12559849 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COMPANY 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 DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2012 AND 2011. THE FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE COMPANY FOR THE YEARS ENDED JUNE 30, 2011, 2010, AND 2009 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -42,101. PART XIII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 42,101. X X X 1 0 0 0 0 0 0 1 0 ROBERT LOVELACE 54191 0 0 0 62718 0 7721 0 0 0 124630 0 0 0 PART I, LINE 4A FORMER PRESIDENT ROBERT LOVELACE RECEIVED SEVERANCE PAYMENTS FROM MARCH 24, 2011 THROUGH JUNE 30, 2011 IN THE AMOUNT OF $44,458.40. THIS AMOUNT EQUATED TO 14 WEEKS OF SALARY. ELM TERRACE GARDENS PROVIDED ROBERT LOVELACE AN ADDITIONAL ONE TIME SEVERANCE PAYMENT OF 230 HOURS SALARY IN THE GROSS AMOUNT OF $18,259.70, WHICH REFLECTS UNUSED BENEFIT TIME THAT WOULD NOT OTHERWISE HAVE BEEN AVAILABLE TO MR. LOVELACE. THE PAYMENT WAS MADE THE FIRST PAY PERIOD AFTER THE 14 WEEKS OF PAYMENTS FIRST ABOVE MENTIONED ARE CONCLUDED. PART I, LINE 7 THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PLAN FOR THE PRESIDENT AND THE CFO WHICH IS BASED ON QUANTITATIVE AND QUALITATIVE GOALS, INCLUDING MEETING OR EXCEEDING BUDGETED AMOUNTS, RESIDENT AND EMPLOYEE SATISFACTION, SURVEY COMPARISONS, COMPLIANCE WITH REGULATIONS AND ADHERENCE TO STRATEGIC PLANNING. THE INCENTIVE COMPENSATION CANNOT EXCEED 10% OF THE INDIVIDUAL'S BASE COMPENSATION. NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2004-07-22 10000000 CONSTRUCTION AND REFINANCING 0 0 0 NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2007-03-02 4885000 CONSTRUCTION AND REFINANCING 0 0 0 1315000 10000000 8685000 2004 1 0 1 1 2685000 4885000 200000 2000000 2007 1 0 1 1 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE K, PART V PROCEDURES TO UNDERTAKE CORRECTIVE ACTION ALTHOUGH THE ORGANIZATION DOES NOT CURRENTLY HAVE SUCH WRITTEN PROCEDURES IN PLACE, IT IS CONSIDERING ADOPTING A WRITTEN POLICY IN THE FUTURE. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S CFO WILL REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 1. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY ARE NOT DELIBERATELY ENGAGED IN ANY ACTIVITIES WHICH CREATE A CONFLICT OF INTEREST. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY WILL DISCLOSE SUCH A CONFLICT OF INTEREST SHOULD IT ARISE. SUCH ATTESTATION IS DOCUMENTED ON THE "INDIVIDUAL STATEMENT REGARDING CONFLICT OF INTEREST" FORM. 2. EXECUTED ATTESTATIONS ARE FILED IN THE BOARD OF DIRECTORS FILE. 3. SHOULD A DIRECTOR (OR ANYONE ELSE) BELIEVE THAT THERE EXISTS A CONFLICT OF INTEREST OR A POTENTIAL FOR A CONFLICT OF INTEREST BETWEEN THE INTERESTS OF ELM TERRACE GARDENS AND ANY OTHER INTEREST A DIRECTOR MAY HAVE, SUCH IS BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IN WRITING. 4. THE EXECUTIVE COMMITTEE EVALUATES THE CONFLICT OR POTENTIAL CONFLICT TO DETERMINE WHETHER IT UNDERMINES THE DIRECTOR'S ABILITY TO SERVE. 5. SHOULD THE BOARD DETERMINE THAT THE DIRECTOR NOT BE REMOVED FROM OFFICE, THE DIRECTOR ABSTAINS FROM DISCUSSION OF AND VOTING ON ANY MATTER RELATED TO THE CONFLICT OR POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE PENNSYLVANIA NONPROFIT HOMES FOR THE AGING SALARY SURVEY INFORMATION FOR SOUTHEASTERN PENNSYLVANIA IN DETERMINING ALL EMPLOYEE COMPENSATION. THE COMPENSATION OF THE PRESIDENT IS APPROVED BY THE BOARD. 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. IN ADDITION, THE FINANCIAL STATEMENT IS INCLUDED IN THE DISCLOSURE STATEMENT PROVIDED TO EXISTING AND PROSPECTIVE RESIDENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -6,465.