2012-11-14T16:04:15-07:00 2012-03-31 990 2011-04-01 510249312 PARK VILLAGE INC PARK 5404384225 1501 Virginia Ave Harrisonburg VA 22802 Curtis Stutzman 5405643400 2012-11-15 2011 2016-02-24 21:20:13Z Ron Yoder 1501 Virginia Ave Harrisonburg VA 22802 6527087 0 X www.vmrc.org X 1980 VA The mission of Virginia Mennonite Retirement Community is to be a leading resource in providing quality homes and services that people want and need to age well. Park Village Inc. provides retirement housing for seniors. 3 3 84 103 0 0 0 0 5687994 6315576 92953 69136 -1882 -3255 5779065 6381457 0 0 0 0 1035177 1067224 0 0 0 4433295 4586158 5468472 5653382 310593 728075 29719621 29961672 38769612 38353334 -9049991 -8391662 The mission of Virginia Mennonite Retirement Community is to be a leading resource in providing quality homes and services that people want and need to age well. Park Village Inc. provides retirement housing for seniors. 0 0 4526858 0 6315576 One and two bedroom retirement apartments and cottages, including activities, maintenance of units, grounds and appliances. 0 0 0 4526858 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 84 1 0 0 0 0 0 0 0 0 0 1 1 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Curtis Stutsman 5404384225 1501 Virginia Ave Harrisonburg VA 22802 Allon Lefever 1 X X 0 0 0 Paul Cline 1 X X 0 0 0 Geraldine Rush 1 X X 0 0 0 Ronald Yoder 40 X 0 148211 13838 Curtis Stutzman 40 X 0 115174 12573 0 263385 26411 0 0 1 0 Sodexo Inc & Associates PO Box 536922 Atlanta GA 30353 Dining Services 386880 Troyer Construction 7699 North Valley Pike Harrisonburg VA 22802 Constuction Contractor 125213 Weaver's Floorcovering 3245 S Main St Harrisonburg VA 22801 Floorcovering Materials and Installation 127034 3 0 Senior Housing and Services 531110 6315576 6315576 0 0 0 0 0 0 6315576 69136 0 0 69136 0 0 0 0 0 0 0 0 42190 0 45796 0 -3606 0 -3606 0 0 -3606 0 0 100185 99834 351 0 0 351 0 6381457 6315576 0 65881 838364 598544 239820 19300 9215 10085 135380 110076 25304 74180 56622 17558 621446 621446 250 250 9000 9000 216969 216969 267564 266708 856 333415 312779 20636 718379 674774 43605 163 163 1097 497 600 799809 799809 3949 3949 1299458 1272222 27236 48204 48204 Wellness Center Services for Residents 83405 83405 0 0 Activity Services for Residents 125238 125238 0 0 Loss on disposal of fixed assets 57812 0 57812 0 5653382 4526858 1126524 0 1000 1000 6995 7006 3967 4433 11084419 11832744 14089 14027 37132822 19030360 18609151 18102462 29719621 29961672 688609 208981 19983682 20374233 17048540 16651596 1048781 1118524 38769612 38353334 X -9049991 -8391662 0 0 0 0 -9049991 -8391662 29719621 29961672 X 728075 -69746 X 0 1 1 X 0 X 0 0 0 4883052 5192624 5555845 5687994 6315575 27635090 190576 94462 42190 141099 142375 610702 5073628 5287086 5598035 5829093 6457950 28245792 0 0 0 0 0 0 0 0 0 0 28245792 306682 202620 133795 92953 69136 805186 306682 202620 133795 92953 69136 805186 0 0 0 0 0 0 5380310 5489706 5731830 5922046 6527086 29050978 0.97228 0.95973 0.02772 0.04027 X 0 507416 507416 0 32584143 15858586 16725557 0 1187064 994787 192277 0 2854199 2176987 677212 0 0 0 0 18102462 Interest Rate Swap Contracts 1118524 1118524 6381457 5653382 728075 0 0 0 0 -69743 -69743 658332 6369441 0 0 0 45796 45796 6323645 0 57812 57812 6381457 5641366 0 0 0 45796 45796 5595570 0 57812 57812 5653382 SchD_P10_S00_L02 Schedule D, Part X, Line 2 The organization is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities directly related to the organization's tax-exempt purpose is subject to taxation as unrelated business income. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. In addition, the organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Section 509(a)(2). SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in value of interest rate swap contracts. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Rental Expenses included on Part VII Line 6b. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Loss on disposal of fixed assets reclassified to revenue. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Rental expenses included on Part VII Line 6b. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Loss on disposal of fixed assets reclassified to revenue. X X X X 0 0 0 0 0 0 0 0 0 Ronald Yoder 0 143169 0 5042 0 0 0 6622 0 7216 0 162049 0 0 SchJ_P01_S00_L03 Schedule J, Part I, Line 3 Survey data is reviewed annually from the compensation study of similar not-for-profit CCRCs in the Leading Age, along with a survey of the local not-for-profit competitors. CEO compensation is determined by the Board and Finance Committee. Industrial Developmnet Authority of the City of Harrisonburg Virginia 542000436 415675A20 2006-10-24 Refunding of prior bond issue 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 1 1 Sovereign Bank 4.5 0 0 0 0 0 F990_P06_S0A_L03 Form 990, Part VI, Section A, Line 3 The organization delegates management to the related organization Virginia Mennonite Retirement Community Inc. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 was supplied to all board members prior to filing and the Virginia Mennonite Retirement Community Board Finance Committee as a group reviewed the 990. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Board members must sign an annual conflict of interest disclosure. Board orientation includes education concerning the Conflict of Interest policy. Management and staff receive education at new employee orientation and during annual education day, which includes the Corporate Compliance and Ethics program. This program includes the policy on Conflict of Interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Survey data is reviewed annually from the compensation study of similar not-for-profit CCRCs in the Leading Age, along with a survey of the local not-for-profit competitors. CEO compensation is determined by the Board and Finance Committee. Other employee compensation is determined by the organization's management team. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents: Available onsite and in bond documents. Conflict of Interest Policy: Available onsite. Financial statements: Available on Ziegler Research website and in VMRC's published annual report onsite. F990_P11_S00_L05 Form 990, Part XI, Line 5 Change in value of interest rate swap contracts and rounding Virginia Mennonite Retirement Community Inc 1501 Virginia Ave Harrisonburg VA 22802 510249314 Retirement Community Management Services VA 501(c)(3) 11b N/A Heritage Haven Inc 1501 Virginia Ave Harrisonburg VA 22802 510228675 HUD Subsidized Housing for Seniors VA 501(c)(3) 9 N/A VMRC Foundation Inc 1501 Virginia Ave Harrisonburg VA 22802 510249313 Fundraising Support for Related 501(c)(3) Organizations VA 501(c)(3) 7 N/A Virginia Mennonite Home Inc 1501 Virginia Ave Harrisonburg VA 22802 540590902 Nursing Home and Assisted Living Care VA 501(c)(3) 9 N/A 0 0 0 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0