LIFECARE INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LIFECARE INC (EIN 38-2067110)
- Tax period
- 2010-10-01 to 2011-09-30
- Filed
- 2012-05-15
- IRS object ID
- 201211369349302986
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T11:43:04-05:00 | Timestamp |
| Tax Period End Date | 2011-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 TRADE CENTRE WAY STE 300 | AddressLine1 |
| City | PORTAGE | City |
| State | MI | State |
| ZIP Code | 49002 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382067110 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIFECARE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LIFE | NameControl |
| Phone | 2693810560 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1400 N DRAKE ROAD | AddressLine1 |
| City | KALAMAZOO | City |
| State | MI | State |
| ZIP Code | 49006 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFFREY G HAGEN | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 2693810560 | Phone |
| Date Signed | 2012-05-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CAROL LALONDE CPA | Name |
| Phone | 2695674500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIENDSHIP VILLAGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JEFFREY G HAGEN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1400 N DRAKE ROAD | AddressLine1 |
| City | KALAMAZOO | City |
| State | MI | State |
| ZIP Code | 49006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 15849546 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.FRIENDSHIPVILLAGEMI.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1971 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE HOUSING, FOOD, NURSING CARE, AND OTHER RELATED SERVICES TO SENIOR CITIZENS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 350 | TotalNbrEmployees |
| Total Nbr Volunteers | 75 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2990957 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 19201 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 14876900 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 15668530 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1439 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9432 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 17869296 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15697163 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7740520 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7458879 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7131764 | OtherExpensePriorYear |
| Other Expenses Current Year | 7043520 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 14872284 | TotalExpensesPriorYear |
| Total Expenses Current Year | 14502399 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2997012 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1194764 | RevenuesLessExpensesCY |
| Total Assets BOY | 27715504 | TotalAssetsBOY |
| Total Assets EOY | 28009039 | TotalAssetsEOY |
| Total Liabilities BOY | 27995363 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 27709120 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -279859 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 299919 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO ESTABLISH, OPERATE AND MAINTAIN RETIREMENT FACILITIES FOR THE ELDERLY IN MICHIGAN. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 12013728 | Expense |
| Revenue | 15315268 | Revenue |
| Description | TO ESTABLISH, OPERATE AND MAINTAIN RETIREMENT FACILITIES FOR THE ELDERLY IN MICHIGAN. | Description |
| Total Program Service Expense | 12013728 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 65 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 350 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | R DAVID GOODRICH | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2693810560 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1400 N DRAKE ROAD | AddressLine1 |
| City | KALAMAZOO | City |
| State | MI | State |
| ZIP Code | 49006 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JAMES VALK | ||||||
| PRESIDENT | 2.00 | X | X | 0 | 0 | 0 |
| MICHAEL EVANS | ||||||
| 1ST VICE PRESIDENT | 2.00 | X | X | 0 | 0 | 0 |
| ROBERT MCGRAW | ||||||
| 2ND VICE PRESIDENT | 2.00 | X | X | 0 | 0 | 0 |
| DONNA WEINREICH | ||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 |
| MARY FLEGAL | ||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 |
| ANDREW LATHAM | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| VICKI MARTIN | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| SARA DANA | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| DANIEL MISSAD | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| JIM HESS | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| MARY SUE HOFFMAN | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| NANCEE HOFMEISTER | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| MICHAEL HOLMES | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| CATHERINE METZLER | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| CHARLES WARFIELD | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| ELIZABETH BURNS | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| STANLEY CLOUSE | ||||||
| EXECUTIVE DIRECTOR-UNTIL 2/2011 | 40.00 | X | 130566 | 0 | 17614 | |
| LINDA WISE | ||||||
| ADMINISTRATOR | 40.00 | X | 85087 | 0 | 10616 | |
| JEFFREY HAGEN | ||||||
| EXECUTIVE DIRECTOR-BEGAN IN 7/2011 | 40.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 215653 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 28230 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| REHABCARE GROUP THERAPY SERVICES | |||||
| PO BOX 99341 | CHICAGO | IL | 60693 | THERAPY PROVIDER | 681953 |
| LIFE CARE SERVICES LLC | |||||
| 400 LOCUST STREET SUITE 820 | DES MOINES | IA | 50309 | MANAGEMENT COMPANY | 659500 |
| MORRISON SENIOR DINING | |||||
| PO BOX 102289 | ATLANTA | GA | 30368 | CONTRACTING SERVICES | 443665 |
| ZILLNER MARKETING COMMUNICATIONS INC | |||||
| 8725 ROSEHILL ROAD SUITE 200 | LENEXA | KS | 66215 | MARKETING AND ADVERTISING | 175934 |
| ESPER ELECTRIC LTD | |||||
| 7775 NORTH 6TH STREET | KALAMAZOO | MI | 49009 | CONTRACTING SERVICES | 151886 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| All Other Contributions | 19201 | AllOtherContributions |
| Total Contributions | 19201 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| APARTMENT & SVC FEES | 623990 | 6055888 | 6055888 | |
| MEDICAL CENTER REV. | 623990 | 4438668 | 4438668 | |
| ASSISTED LIVING | 623990 | 2848556 | 2848556 | |
| DEF. REC-ADV/RF FEES | 623000 | 1658660 | 1658660 | |
| BARBER, GARAGE, MISC | 900099 | 353262 | $353,262 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 313496 | TotalRevenueColumn |
| Related Or Exempt Function Income | 313496 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 15668530 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 57361 | TotalRevenueColumn |
| Exclusion | $57,361 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 104454 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 102185 | Securities |
| Other | 50198 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2269 | Securities |
| Other | -50198 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -47929 | TotalRevenueColumn |
| Exclusion | -$47,929 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15697163 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15315268 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $362,694 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 192040 | Total |
| Management And General | 192040 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5650079 | Total |
| Program Services | 5342737 | ProgramServices |
| Management And General | 307342 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33835 | Total |
| Program Services | 13323 | ProgramServices |
| Management And General | 20512 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1090217 | Total |
| Program Services | 1042175 | ProgramServices |
| Management And General | 48042 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 492708 | Total |
| Program Services | 401702 | ProgramServices |
| Management And General | 91006 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 635778 | Total |
| Management And General | 635778 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16074 | Total |
| Management And General | 16074 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40296 | Total |
| Management And General | 40296 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 784416 | Total |
| Program Services | 771516 | ProgramServices |
| Management And General | 12900 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 271730 | Total |
| Management And General | 271730 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 199506 | Total |
| Program Services | 111798 | ProgramServices |
| Management And General | 87708 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1248983 | Total |
| Program Services | 1123525 | ProgramServices |
| Management And General | 125458 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 581735 | Total |
| Program Services | 477960 | ProgramServices |
| Management And General | 103775 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1315809 | Total |
| Program Services | 1080937 | ProgramServices |
| Management And General | 234872 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169458 | Total |
| Management And General | 169458 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| MEDICAL SUPPLIES | 1212821 | 1212821 | |
| EQUIPMENT REPAIR | 388934 | 377946 | 10988 |
| DUES | 13066 | 13066 | |
| LICENSES | 1421 | 1421 | |
| BAD DEBTS EXPENSE | 1235 | 1235 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 162258 | Total |
| Program Services | 54632 | ProgramServices |
| Management And General | 107626 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14502399 | Total |
| Program Services | 12013728 | ProgramServices |
| Management And General | 2488671 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2620179 | BOY |
| EOY | 3786360 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3108531 | BOY |
| EOY | 2203060 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 611349 | BOY |
| EOY | 799234 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135032 | BOY |
| EOY | 124355 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 254902 | BOY |
| EOY | 202184 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 39458931 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 22973040 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17040221 | BOY |
| EOY | 16485891 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3646702 | BOY |
| EOY | 4209720 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12906 | BOY |
| EOY | 10855 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 285682 | BOY |
| EOY | 187380 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27715504 | BOY |
| EOY | 28009039 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1366396 | BOY |
| EOY | 1546918 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7447505 | BOY |
| EOY | 7976544 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10690000 | BOY |
| EOY | 10310000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2067796 | BOY |
| EOY | 1695276 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6423666 | BOY |
| EOY | 6180382 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27995363 | BOY |
| EOY | 27709120 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -5253092 | BOY |
| EOY | -4466415 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4973233 | BOY |
| EOY | 4766334 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -279859 | BOY |
| EOY | 299919 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27715504 | BOY |
| EOY | 28009039 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1194764 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -614986 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 32745 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 77781 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 29084 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2990957 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19201 | CurrentTaxYear |
| Total | 3149768 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14399275 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 14591295 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15114997 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14876900 | CurrentTaxYearMinus1Year |
| Current Tax Year | 15668530 | CurrentTaxYear |
| Total | 74650997 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14432020 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 14669076 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15144081 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 17867857 | CurrentTaxYearMinus1Year |
| Current Tax Year | 15687731 | CurrentTaxYear |
| Total | 77800765 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 2762366 | CurrentTaxYearMinus1Year |
| Total | 2762366 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 2762366 | CurrentTaxYearMinus1Year |
| Total | 2762366 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 75038399 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 260200 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 189290 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 97811 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 62257 | CurrentTaxYearMinus1Year |
| Current Tax Year | 57361 | CurrentTaxYear |
| Total | 666919 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 260200 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 189290 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 97811 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 62257 | CurrentTaxYearMinus1Year |
| Current Tax Year | 57361 | CurrentTaxYear |
| Total | 666919 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14692220 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 14858366 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15241892 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 17930114 | CurrentTaxYearMinus1Year |
| Current Tax Year | 15745092 | CurrentTaxYear |
| Total | 78467684 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.95630 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.98510 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00850 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.00930 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 803696 | OtherCostOrOtherBasis |
| Book Value | 803696 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 31407137 | OtherCostOrOtherBasis |
| Depreciation | 18721129 | Depreciation |
| Book Value | 12686008 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1460664 | OtherCostOrOtherBasis |
| Depreciation | 1121996 | Depreciation |
| Book Value | 338668 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1532673 | OtherCostOrOtherBasis |
| Depreciation | 1380681 | Depreciation |
| Book Value | 151992 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4254761 | OtherCostOrOtherBasis |
| Depreciation | 1749234 | Depreciation |
| Book Value | 2505527 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 16485891 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| PROVISION FOR INTEREST RATE SWAP AGREEMENT | $1,610,584 |
| DEPOSITS | $122,841 |
| REFUNDABLE FEES | $4,446,957 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6180382 | TotalOfAmounts |
| Total Revenue | 15697163 | TotalRevenue |
| Total Expenses | 14502399 | TotalExpenses |
| Excess Or Deficit For Year | 1194764 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -233723 | NetUnrealizedGLOnInvestments |
| Other | -$381,263 | OtherAmount |
| Total Adjustments | -614986 | TotalAdjustments |
| Excess Or Deficit Per FS | 579778 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15132375 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -233723 | NetUnrealizedGainsInvestments |
| Other Revenues | -381263 | OtherRevenues |
| Revenue Not Rptd F990 | -614986 | RevenueNotRptdF990 |
| Revenue Subtotal | 15747361 | RevenueSubtotal |
| Investment Expenses Not Included | -50198 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -50198 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 15697163 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 14552597 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 50198 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 50198 | ExpensesNotRptdF990 |
| Expenses Subtotal | 14502399 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 14502399 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN INTEREST SWAP AGREEMENT -100,212. LOSS ON REFINANCE OF DEBT -281,051. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN INTEREST RATE SWAP -100,212. LOSS ON REFINANCE OF DEBT -281,051. |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON SALE OF ASSETS 50,198. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF KALAMAZOO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 386004627 | IssuerEIN |
| CUSIP Number | NONEAVAIL | CUSIPNumber |
| Date Issued | 2010-12-17 | DateIssued |
| Issue Price | 10640000 | IssuePrice |
| Description Of Purpose | REFUND PRIOR ISSUE | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 295000 | AmountRetired |
| Total Proceeds | 10640000 | TotalProceeds |
| Issuance Costs From Proceeds | 202149 | IssuanceCostsFromProceeds |
| Other Spent Proceeds | 10437851 | OtherSpentProceeds |
| Year Of Subst Completion | 1998 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIFTH THIRD BANK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 16.400000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | A MANAGEMENT COMPANY IS CONTRACTED TO PROVIDE THE ORGANIZATION WITH INDIVIDUALS TO PERFORM MANAGEMENT DUTIES. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE ACCOUNTING DIRECTOR. AMOUNTS ARE COMPARED TO THE INTERNALLY PREPARED FINANCIAL STATEMENTS AND THE AUDITED FINANCIAL STATEMENTS. | |
| OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN A NEW CONFLICT OF INTEREST STATEMENT ANNUALLY. ALL FILES ARE KEPT UP-TO-DATE BY THE ADMINISTRATIVE ASSISTANT. ANY CONFLICTS ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. IF A CONFLICT DOES ARISE, IT DEPENDS ON THE SITUATION, BUT IN AN EXTREME SITUATION A MEMBER MAY NEED TO RESIGN FROM THE BOARD DEPENDING ON THE COMPLEXITY. OTHERWISE THEY WOULD OBSTAIN FROM VOTING AND LEAVE THE MEETING DURING DISCUSSIONS. | FORM 990, PART VI, SECTION B, LINE 12C | |
| FRIENDSHIP VILLAGE DEFERS TO THE MANAGEMENT COMPANY'S PROCESS FOR DETERMINING EXECUTIVE COMPENSATION. | ||
| DOCUMENTS ARE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED LOSSES ON INVESTMENTS: -233,723. CHANGE IN INTEREST SWAP AGREEMENT -100,212. LOSS ON REFINANCE OF DEBT -281,051. TOTAL TO FORM 990, PART XI, LINE 5: -614,986. | FORM 990, PART XI, LINE 5: |
| THERE HAVE BEEN NO CHANGES IN PROCESS SINCE PRIOR YEAR. | FORM 990, PART XII, LINE 2C: |