2012-11-13T12:29:39-06:00 2011-12-31 611227965 ANDERSON BRYANT LASKY & WINSLOW PSC 943 SOUTH FIRST STREET LOUISVILLE KY 40203 990 2011-01-01 611314723 VILLAGE EAST INC VILL 5022541799 11530 HERRICK LANE LOUISVILLE KY 40243 JOHN WILLIAMS 5024097576 2012-11-12 1 JOHN D WINSLOW P00029345 5025849793 2011 2016-02-24 21:20:13Z JOHN WILLIAMS 11530 HERRICK LANE LOUISVILLE KY 40243 1459506 0 1 X WWW.VILLAGE-EASTINC.ORG X 1994 KY THE MISSION OF VILLAGE EAST, INC. IS TO PROVIDE AFFORDABLE QUALITY RETIREMENT CARE INCLUDING INDEPENDENT LIVING WITH SUPPORTIVE SERVICES AND ASSISTED LIVING SERVICES TO OLDER ADULTS AND HANDICAPPED PERSONS IN A NURTURING AND CHRISTIAN ENVIRONMENT REGARDLESS OF A PERSON'S RELIGION, RACE, COLOR, CREED, OR NEED FOR FINANCIAL ASSISTANCE WITHIN THE VILLAGE'S ABILITY TO PROVIDE FINANCIAL HELP. 13 12 22 78 0 0 27931 302438 810183 1131694 1648 1458 281761 23916 1121523 1459506 0 0 0 0 470390 410550 0 0 0 937097 1153566 1407487 1564116 -285964 -104610 10313619 8084984 10395916 10227729 -82297 -2142745 X TO PROVIDE AFFORDABLE QUALITY RETIREMENT CARE INCLUDING INDEPENDENT LIVING WITH SUPPORTIVE SERVICES AND ASSISTED LIVING SERVICES FOR SENIOR CITIZENS IN A NURTURING AND CHRISTIAN ENVIRONMENT REGARDLESS OF A PERSON'S RELIGION, RACE, COLOR, CREED, OR NEED FOR FINANCIAL ASSISTANCE WITHIN THE VILLAGE'S ABILITY TO PROVIDE FINANCIAL HELP. 0 0 482132 113489 MIDDLETOWN CHRISTIAN VILLAGE (MCV) - THIS IS THE GENERAL OPERATIONS OF THE COMMUNITY AS A WHOLE, PARTICULARLY CONTAINING INTEREST, DEPRECIATION, AND MAINTENANCE OF THE FACILITIES. THE COMMUNITY AS A WHOLE CONSISTS OF 19 ASSISTED LIVING UNITS, 24 PATIO HOMES, AND 29 APARTMENT HOMES. 528132 611050 KARLEN ASSISTED LIVING (KAL) - THE ORGANIZATION OPERATES AN ASSISTED LIVING FACILITY, PROVIDING ASSISTANCE WITH ACTIVITIES OF DAILY LIVING FOR A MONTHLY FEE, WITH A CAPACITY OF 19 RESIDENTS AT ANY TIME. 62472 112506 PATIO HOMES - (VAM) - THE ORGANIZATION GIVES RESIDENTS THE OPPORTUNITY TO PURCHASE, THROUGH AN ENTRY FEE CONTRACT, THEIR OWN PATIO HOME. REVENUES ARE DERIVED FROM MONTHLY MAINTENANCE FEES FOR HOME MAINTENANCE, INSURANCE, TRANSPORTATION, AND ACTIVITIES. OPTIONAL SERVICES INCLUDE HOME DELIVERED MEALS, LAUNDRY SERVICE, HOUSEKEEPING, AND HOME HEALTH CARE. THERE ARE 24 APARTMENT HOMES, WHICH ARE PURCHASED FROM THE ENTITY, WITH AN AGREEMENT FOR RE-PURCHASE AT A MINIMUM PRICE POINT, TO EASE CONCERNS ABOUT LIQUIDATION SHOULD FINANCIAL NEED ARISE. 254869 319365 APARTMENTS - ONE OR TWO BEDROOM APARTMENT HOMES ARE AVAILABLE, FOR A MONTHLY RENT BASED ON THE RESIDENTS MONTHLY INCOME TO PEOPLE AGE 55 OR OLDER. OPTIONAL SERVICES SIMILAR TO PATIO HOME RESIDENTS ARE AVAILABLE TO APARTMENT HOME RESIDENTS. 29 APARTMENTS ARE AVAILABLE FOR RENTAL. 254869 319365 1327605 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 22 1 0 0 0 0 0 0 0 0 0 0 X 13 12 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 KY X X THE ORGANIZATION 5022541799 11530 HERRICK LANE LOUISVILLE KY 40243 JOHN K WILLIAMS 40.00 X X 110000 0 0 WAYNE MARTIN 1.00 X 0 0 0 HENRIETTA BARKER 1.00 X 0 0 0 WILLIAM COX 1.00 X 0 0 0 MICHAEL GATTON 1.00 X 0 0 0 SCOTT HOSKING 1.00 X 0 0 0 GARY KIDWELL 1.00 X 0 0 0 KEN LIST 1.00 X 0 0 0 TERI MARTIN 1.00 X 0 0 0 BETTY RIGGINS 1.00 X 0 0 0 PROCTOR RIGGINS 1.00 X 0 0 0 DON SINE 1.00 X 0 0 0 MARY JANE SINE 1.00 X 0 0 0 STEFANIE BRADSHAW 40.00 X 61750 0 0 171750 0 0 1 0 0 0 RETIREMENT CARE SERVICES INC 11714 MAIN ST SUITE D MIDDLETOWN KY 40243 MANAGEMENT SERVICES 110000 1 302438 302438 ASSISTED LIVING RESIDE 623000 595983 595983 MAINTENANCE FEES & REN 531310 319365 319365 MAINTENANCE FEES - PAT 531390 112506 112506 AMORTIZATION OF ENTRY 531310 103840 103840 1131694 658 658 800 0 800 800 800 15067 0 15067 15067 OTHER MISCELLANEOUS IN 531310 8849 8849 8849 1459506 1156410 0 658 61750 61750 286052 286052 32307 20187 12120 30441 19021 11420 110000 110000 10755 10755 7501 7501 941 941 11141 6961 4180 4169 2605 1564 197065 195180 1885 349639 346296 3343 322044 318964 3080 55454 54924 530 OTHER PROGRAM EXPENSES 58988 58988 MISCELLANEOUS 17834 11143 6691 CONTRACT LABOR 6034 6034 TAXES & LICENSES 2001 1250 751 1564116 1327605 236511 0 37474 47858 21590 31470 3692 10291905 2280061 10244675 8011844 10313619 8084984 40826 4545 10921 34901 29426 4368001 9075786 5988469 1070770 10395916 10227729 X -82297 -2142745 -82297 -2142745 10313619 8084984 X -104610 -1955838 X X 0 0 0 X 129055 206865 165247 27931 302437 831535 129055 206865 165247 27931 302437 831535 831535 13791 5199 6602 1648 717 27957 859492 3386525 0.96750 0.17000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 34901 4500 9975 29426 1 368000 368000 9853999 2228287 7625712 69906 51774 18132 8011844 NOTE PAYABLE - MARGUERITE KARLEN TRUST 8841 NOTE PAYABLE - REK TRUST FBO RICHARD E KARLEN 28478 NOTE PAYABLE - MHK IRREVOCABLE TRUST 396138 NOTE PAYABLE - REK TRUST FBO CATHERINE SPENCER 8841 NOTE PAYABLE - HETTY HOLMAN TRUST 226472 NOTE PAYABLE - REK TRUST FBO RICHARD E KARLEN 402000 1070770 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FASB ASC 740-10 WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES OR ACCRUED IN THE STATEMENT OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THE ENTITY ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. CITY OF DOUGLAS HILLS 610880602 NONEAVAIL 2002-05-24 400000 CONSTRUCTION OF FACILITIES 0 0 0 CITY OF DOUGLAS HILLS 610880602 NONEAVAIL 2003-02-07 300000 CONSTRUCTION OF FACILITIES 0 0 0 CITY OF DOUGLAS HILLS 610880602 NONEAVAIL 2003-04-29 300000 CONSTRUCTION OF FACILITIES 0 0 0 CITY OF DOUGLAS HILLS 610880602 NONEAVAIL 2003-06-25 300000 CONSTRUCTION OF FACILITIES 0 0 0 400000 400000 2004 0 0 1 1 300000 300000 2004 0 0 1 1 300000 300000 2004 0 0 0 1 300000 300000 2004 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 WAYNE AND TERRI MARTIN ARE MARRIED. PROCTOR AND BETTY RIGGINS ARE MARRIED. DON AND MARY JANE SINE ARE MARRIED. JOHN AND TAFFY WILLIAMS ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 3 VILLAGE EAST, INC. HAS CONTRACTED WITH RETIREMENT CARE SERVICES, INC. TO PROVIDE MANAGEMENT SERVICES OF THE EXECUTIVE DIRECTOR. COMPENSATION PAID TO RETIREMENT CARE SERVICES HAS BEEN REFLECTED AS PAID DIRECTLY TO JOHN WILLIAMS, THE INDIVIDUAL DESIGNATED AS EXECUTIVE DIRECTOR BY RETIREMENT CARE SERVICES, INC, AND IS REFLECTED AS OFFICER COMPENSATION IN PART VII OF FORM 990. FORM 990, PART VI, SECTION B, LINE 11 PREPARER PROVIDES A DRAFT COPY OF THE FORM 990 FOR REVIEW BY THE EXECUTIVE DIRECTOR. EXECUTIVE DIRECTOR REVIEWS THE FORM 990 AND SUPPORTING SCHEDULES. THE PREPARER AND THE EXECUTIVE DIRECTOR DISCUSS ANY QUESTIONS AND MAKE APPROPRIATE CHANGES PRIOR TO FILING FORM 990. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REGULARLY REVIEW THE CONTRACT AGREEMENT FOR SERVICES WITH RETIREMENT CARE SERVICES. THE AMOUNT PAID HAS NOT BEEN CHANGED IN SEVERAL YEARS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 AND OTHER RELATED DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST OR THROUGH GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -1,955,838. THE ENTITY DID NOT CHANGE ITS ACCOUNTING METHOD, HOWEVER IT DID MISTAKENLY REPORT "CASH" BASIS WHEN IN FACT IT WAS REPORTING ON AN ACCRUAL BASIS. FURTHER, THE PRIOR PERIOD ADJUSTMENT WAS A RESULT OF AN AUDIT OF THE FINANCIAL STATEMENTS FOR THE FIRST TIME IN ITS HISTORY. AS OF THE FILING OF THIS 2011 990, THE AUDIT OF THE FINANCIAL STATEMENTS WAS NOT YET COMPLETE. ROY E AND MARGUERITE H KARLEN ASSISTED LIVING INC 11530 HERRICK LN LOUISVILLE KY 40243 030505788 ASSISTED LIVING KY VILLAGE EAST INC MIDDLETOWN CHRISTIAN CHURCH 500 N WATTERSON TRAIL LOUISVILLE KY 40243 610602014 CHURCH KY 501(C)(3) LINE 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MIDDLETOWN CHRISTIAN CHURCH C 14000 CASH