2012-06-28T07:11:22-05:00 2011-12-31 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2011-01-01 522126751 SEABROOK VILLAGE INC SEAB 7326432000 3000 ESSEX ROAD TINTON FALLS NJ 07753 FREDERICK GRUEL 7326432000 2012-06-25 1 JULIA FLANNERY P00928918 4102469300 2011 2016-02-24 21:20:13Z FREDERICK W HAAS 3000 ESSEX ROAD TINTON FALLS NJ 07753 57089527 0 X WWW.NATIONALSENIORCAMPUSES.ORG X 1998 MD PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. SEE SCHEDULE O. 8 8 1072 475 0 0 697221 538901 54506449 56049907 -19722 9761 459007 490958 55642955 57089527 115501 118533 0 0 23277436 23377722 51448 0 45975 31655321 31398667 55099706 54894922 543249 2194605 282761031 277818031 296816680 289676904 -14055649 -11858873 THE BOARD OF DIRECTORS OF NATIONAL SENIOR CAMPUSES, INC. AND ITS SUPPORTED COMMUNITIES ARE COMMITTED TO CREATING COMMUNITIES THAT CELEBRATE LIFE. SEE SCHEDULE O FOR THE COMPLETE MISSION STATEMENT. 0 0 52517047 118533 56049907 SEABROOK VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,000 INDEPENDENT LIVING UNITS, 90 ASSISTED LIVING UNITS, AND 80 SKILLED NURSING UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. 52517047 1 1 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 103 0 1 1072 1 0 0 0 0 0 1 1 0 0 0 0 X 8 8 0 1 0 0 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 NJ X X MARY WINDSOR 4104022364 701 MAIDEN CHOICE LANE CATONSVILLE MD 21228 FREDERICK HAAS 2.00 X X 14708 37792 0 STANLEY ELWELL 2.00 X X 10954 40546 0 WILLIAM KENNEDY 2.00 X X 9725 50525 0 ALLAN OSTAR 4.00 X X 11875 0 0 FREDERICK GRUEL 2.00 X X 9375 31875 0 ELLEN TOPLIN 0.20 X 1875 5625 0 BARBARA BISGAIER 0.50 X 9375 31875 0 MARY COLINS 1.00 X 9375 31875 0 ARNOLD SPEERT 1.00 X 9375 31875 0 ARTHUR SPARKS 40.00 X 207108 0 750 DAVID MUTH 40.00 X 98626 0 18656 JOHN HALL 0.50 X 0 0 0 CLARA PARKER 0.50 X 0 0 0 JAMES WALTER 0.50 X 0 0 0 GARY ENGLESTAD 40.00 X 122114 0 18702 JENNIFER COURLAS 40.00 X 115819 0 17952 KAREN KOLLMER 40.00 X 113832 0 1767 RUTH PHILLIPS 40.00 X 14282 86143 12170 758418 348131 69997 4 0 1 0 SYSCO FOOD SERVICES 1390 ENCLAVE PARKWAY HOUSTON TX 77077 FOOD SERVICES 2498588 ERICKSON LIVING MANAGEMENT LLC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 MANAGEMENT 1856587 SAPPHIRE BUILDERS PO BOX 354 EATONTOWN NJ 07724 CONSTRUCTION SERVICES 756701 DAVE BIERBACH 5080 HOMESTEAD AVE PENNSAUKEN NJ 08190 HOME RENOVATIONS 515683 J AMBROGI FOOD DISTRIBUTION PO BOX 38 THOROFARE NJ 08086 FOOD SERVICES 244029 14 538901 538901 RESIDENT FEES 623990 44798042 44798042 ANCILLARY FEES 623990 6647502 6647502 RESIDENT DEPOSITS 623990 4485017 4485017 CONTRACT REVENUE 623990 112596 112596 PROCESSING FEES 623990 6750 6750 56049907 9761 9761 490958 490958 490958 490958 57089527 56049907 0 500719 118533 118533 411777 411777 17967052 17345039 597006 25007 215672 190765 24074 833 3274673 3113091 159244 2338 1508548 1422675 83875 1998 1856587 1856587 136279 34410 101869 55689 55689 2492048 1775539 715582 927 1540556 1540556 4955700 4823821 127161 4718 7151295 7150365 930 82632 67115 14741 776 3567221 3567221 8082896 8082896 367801 367801 EQUIPMENT RENTAL 510269 502579 7683 7 ADMINISTRATIVE 275368 216497 58871 RESIDENT RELATIONS 244899 206441 29087 9371 AMORTIZATION 79427 79427 54894922 52517047 2331900 45975 1420 1370 26091079 27202560 1965302 1523071 1029200 1705000 105244 112162 525507 206013 295166064 49585425 251476635 245580639 1566644 1487216 282761031 277818031 4069356 4670538 8980000 8980000 61300601 59933118 222466723 216093248 296816680 289676904 X -14604782 -12649456 524133 681657 25000 108926 -14055649 -11858873 282761031 277818031 X 2194605 2171 X 0 1 1 X 0 X 296645 264840 184292 697221 538901 1981899 49812234 50174667 52393979 54506449 56049907 262937236 50108879 50439507 52578271 55203670 56588808 264919135 0 0 0 264919135 1498635 1130343 664971 473922 500719 4268590 1498635 1130343 664971 473922 500719 4268590 51607514 51569850 53243242 55677592 57089527 269187725 0.98410 0.93600 0.01590 0.06400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16785011 16785011 263742857 36318915 227423942 10908220 9924400 983820 3729976 3342110 387866 245580639 RESIDENT DEPOSITS 211637153 ADVANCED DEPOSITS 982000 RESIDENT REFUNDS 1705836 EMPLOYEE HEALTH PLAN 1545848 FUNDS HELD FOR RESIDENTS 125611 UNCLAIMED PROPERTY 3971 DEFERRED MANAGEMENT FEES 92829 216093248 57089527 54894922 2194605 2171 2171 2196776 57218606 2171 126908 129079 57089527 0 57089527 55021830 126908 126908 54894922 0 54894922 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: SEABROOK VILLAGE, INC. ("SBV") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE STATE INCOME TAX REGULATIONS. TINTON FALLS CAMPUS, LLC ("TFC") IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE DISREGARDED FOR FEDERAL AND STATE INCOME TAX PURPOSES. TFC'S FINANCIAL STATEMENT ACTIVITY IS REFLECTED ON SBV'S BOOKS AND RECORDS. PART XII, LINE 2D - OTHER ADJUSTMENTS: TRNA ADJUSTMENT 126,908. PART XIII, LINE 2D - OTHER ADJUSTMENTS: TRNA ADJUSTMENT 126,908. 1 EDUCATIONAL SCHOLARSHIPS - SEE PART IV 101 118533 SCHOLAR CANDIDATES MUST BE CURRENTLY EMPLOYED YEAR-ROUND AT SEABROOK VILLAGE. ONLY MEDICAL LEAVES OF ABSENCE ARE ALLOWABLE DURING THE TWO YEARS. OTHER REQUESTS FOR A LEAVE OF ABSENCE WILL BE REVIEWED AND DETERMINED CASE BY CASE. A SCHOLAR CANDIDATE MUST HAVE BEEN EMPLOYED BY SEABROOK VILLAGE ON OR BEFORE SEPTEMBER 30, 2011. THE CANDIDATE MUST ALSO ACHIEVE 1,000 HOURS OF WORK DURING A TIME SPAN THAT BEGINS NO EARLIER THAN JUNE 1, 2011 OF THEIR JUNIOR YEAR OF HIGH SCHOOL (300 OF 1,000 HOURS MUST BE COMPLETED BY THE END OF THEIR JUNIOR YEAR OF HIGH SCHOOL TO QUALIFY). ANY HOURS WORKED PRIOR TO JUNE 1, 2011 DO NOT COUNT TOWARDS THE 1,000 HOURS REQUIREMENT. CANDIDATES MUST ACHIEVE THE 1,000 HOUR REQUIREMENT AS WELL AS FULFILL THE TWO-YEAR MINIMUM EMPLOYMENT REQUIREMENT. CANDIDATES MUST BE IN "GOOD STANDING" FROM THEIR ORIGINAL DATE OF HIRE THROUGH THEIR LAST DAY OF WORK. TO MAINTAIN "GOOD STANDING," SCHOLAR CANDIDATES, AS EMPLOYEES, MUST ABIDE BY ALL EMPLOYMENT POLICIES AND PROCEDURES, TO INCLUDE GIVING TWO WEEKS NOTICE TO THEIR SUPERVISOR WHEN TERMINATING EMPLOYMENT. SCHOLAR CANDIDATES MUST COMPLETE EACH STEP AS OUTLINED IN THE PROGRAM DESCRIPTION BY THE RESPECTIVE DUE DATE. FURTHERMORE, CANDIDATES MUST TURN IN PROOF OF FULL-TIME STATUS WITHIN THE DATES SPECIFIED IN THE PROGRAM DESCRIPTION FOR EACH SPRING AND FALL SEMESTER THEY ATTEND SCHOOL. FAILURE TO DO SO WILL DISQUALIFY THE SCHOLAR THAT SEMESTER AND WILL COUNT TOWARDS ONE OF THE TWO ALLOWABLE SEMESTER LAPSES. CANDIDATES SHOULD INTEND TO GO TO COLLEGE OR TRADE SCHOOL AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST ATTEND SCHOOL FULL-TIME (12 CREDIT HOURS EACH SEMESTER) AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST BE ACCEPTED AND/OR REGISTERED IN THE FALL OF 2011 AT A TRADE SCHOOL, COLLEGE, OR UNIVERSITY TO BENEFIT. (IN EXCEPTIONAL CASES, A SCHOLAR CANDIDATE MAY ARRANGE TO START SCHOOL UP TO TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM, BUT THEY MUST MAKE ARRANGEMENTS WITH THE RESIDENT LIFE DEPARTMENT. THESE TWO SEMESTERS WILL COUNT AS THE TWO ALLOCABLE SEMESTER LAPSES.) SCHOLARS WHO LAPSE FROM THE PROGRAM FOR MORE THAN A TOTAL OF TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM ARE NO LONGER ELIGIBLE TO RECEIVE THE AWARD. X X X 0 0 0 0 0 0 0 0 0 ARTHUR SPARKS 154958 0 34000 0 18150 0 750 0 3341 0 211199 0 0 0 SUPPLEMENTAL INFORMATION PART III THE INDIVIDUAL LISTED IN SCHEDULE J, PART II IS AN EMPLOYEE OF ERICKSON LIVING MANAGEMENT, LLC ("ELM"), AN UNRELATED ORGANIZATION TO SEABROOK VILLAGE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN SEABROOK VILLAGE, INC. AND ELM. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR MATCHING PURPOSES, ELM IS THE ISSUER OF THE FORM W-2. UNDER THE MANAGEMENT AGREEMENT, SEABROOK VILLAGE, INC. REIMBURSES ELM FOR THE COST OF SERVICES PERFORMED FOR SEABROOK VILLAGE, INC. NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 64578HAV2 2006-12-07 70474490 ADVANCE REFUNDING 0 0 0 1320000 70474490 1409490 69065000 0 1 1 1 0 0 0 1 LEHMAN BROTHERS 0 1 0 PART II, LINE 11: PROCEEDS SPENT TO REFUND PRIOR ISSUE. PART IV, LINE 4C: GIC WAS TERMINATED PART IV, LINE 5: PROCEEDS WERE HELD IN A YIELD RESTRICTED REFUNDING ESCROW. PART V: IN TAX YEAR 2012, THE ORGANIZATION HAS ADOPTED MANAGEMENT PRACTICES AND PROCEDURES TO ENSURE POST-ISSUANCE COMPLIANCE OF ITS TAX EXEMPT BOND LIABILITIES. THESE PROCEDURES INCLUDE WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. FORM 990, PART VI, SECTION A, LINE 1 UNDER THE BYLAWS OF THE ORGANIZATION, THE BOARD HAS DELEGATED AUTHORITY TO AN EXECUTIVE COMMITTEE COMPRISED OF THE ORGANIZATION'S CHAIRMAN, PRESIDENT, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE ORGANIZATION EXCEPT FOR THOSE ACTIONS RESERVED SOLELY TO THE MEMBER OR THE DIRECTORS UNDER THE GENERAL LAWS OF THE STATE OF MARYLAND. FORM 990, PART VI, SECTION A, LINE 3 ON APRIL 30, 2010, SEABROOK VILLAGE, INC. ENTERED INTO A NEW MANAGEMENT AND MARKETING AGREEMENT WITH ERICKSON LIVING MANAGEMENT, LLC ("ELM") TO PROVIDE THE SERVICES PREVIOUSLY PROVIDED BY ERC. ELM IS A SUBSIDIARY OF REDWOOD-ERC SENIOR LIVING HOLDINGS, LLC, NOW KNOWN AS ERICKSON LIVING HOLDINGS, LLC WHICH, TOGETHER WITH OTHER RELATED ENTITIES, PURCHASED THE MAJORITY OF THE ASSETS OF ERC. ELM IS A MARYLAND LIMITED LIABILITY COMPANY WHICH OPERATES AND MANAGES LARGE SCALE CONTINUING CARE RETIREMENT COMMUNITIES. THE MANAGEMENT AGREEMENT COMPLIES WITH REV. PROC. 97-13. THE MANAGEMENT AND MARKETING AGREEMENT WITH ERICKSON LIVING MANAGEMENT, LLC WAS AMENDED ON AUGUST 19, 2011 WITH RESPECT TO THE PROCESS FOR CONDUCTING RESIDENT SATISFACTION SURVEYS. FORM 990, PART VI, SECTION A, LINE 6 SEABROOK VILLAGE, INC.'S SOLE MEMBER IS NATIONAL SENIOR CAMPUSES, INC. ("NSC"). NSC IS A MARYLAND NON-STOCK CORPORATION. NSC IS A "SUPPORTING ORGANIZATION" WITH RESPECT TO SEABROOK VILLAGE, AS WELL AS CERTAIN OTHER ORGANIZATIONS SPECIFIED IN ITS GOVERNING DOCUMENTS. AS REQUIRED BY THE REGULATIONS RELATING TO "SUPPORTING ORGANIZATIONS," CERTAIN MEMBERS OF THE BOARD OF DIRECTORS OF NSC WILL ALSO BE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL SENIOR CAMPUSES, INC. HAS THE RIGHT TO APPOINT AND ELECT ALL DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN EXTRAORDINARY ACTIONS OF THE CORPORATION REQUIRE THE APPROVAL OF THE MEMBER UNDER APPLICABLE STATE LAW. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD APPOINTS A COMMITTEE FROM AMONG ITS DIRECTORS AS WELL AS THE DIRECTORS FROM ONE OR MORE RELATED ENTITIES TO OVERSEE THE PREPARATION OF FORM 990. THE BOARD CHAIR HAS THE RESPONSIBILITY TO REVIEW FORM 990 PRIOR TO ITS FILING OR TO DESIGNATE ANOTHER BOARD MEMBER TO REVIEW THE FORM. THE FULL BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FINAL VERSION OF FORM 990 BEFORE IT IS FILED AND ASK QUESTIONS OF THE COMMITTEE OR THE REVIEWER REGARDING THE FORM. THE BOARD CHAIR DESIGNATES AN OFFICER TO SIGN FORM 990. FORM 990, PART VI, SECTION B, LINE 12C SEABROOK VILLAGE, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER SEABROOK VILLAGE, INC.'S AFFAIRS, COMMITTEE MEMBERS, PROSPECTIVE DIRECTORS, AND SENIOR STAFF PROVIDING SERVICES TO THE ORGANIZATION UNDER A MANAGEMENT AGREEMENT. EACH COVERED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND AS POTENTIAL CONFLICTS ARISE DURING THE YEAR. THESE STATEMENTS ARE REVIEWED BY THE BOARD CHAIR. IF THE CONFLICT INVOLVES A COVERED EMPLOYEE, THE CHAIR DETERMINES WHETHER A CONFLICT EXISTS AND, IF SO, HOW IT IS TO BE HANDLED, OR THE CHAIR MAY REFER THE MATTER TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FOR ALL OTHER CONFLICTS, THE BOARD OF DIRECTORS OR A COMMITTEE OF DISINTERESTED DIRECTORS WILL DETERMINE WHETHER A CONFLICT ACTUALLY EXISTS. A COVERED PERSON MAY NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE BY THE BOARD BUT MAY ANSWER QUESTIONS OR PROVIDE CLARIFYING INFORMATION UNLESS ANY BOARD MEMBER OBJECTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS APPROVED A DIRECTORS' COMPENSATION POLICY WHICH ESTABLISHES THE PROCESS BY WHICH ALL DIRECTOR COMPENSATION IS DETERMINED. OFFICERS SERVE WITHOUT COMPENSATION. A REVIEW OF THE DIRECTORS' COMPENSATION IS CONDUCTED EACH FISCAL YEAR. COMPENSATION IS APPROACHED ON AN OVERALL BASIS AND THE TOTAL VALUE OF ALL FORMS OF COMPENSATION IS ESTABLISHED AND MONITORED. AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY RETAINED TO PERFORM AN ANALYSIS OF SEABROOK VILLAGE, INC.'S COMPENSATION USING COMPARABLES OF BOTH FOR-PROFIT AND NON-PROFIT PEERS. A COMMITTEE OF THE NSC BOARD REVIEWS THE CONSULTANT'S REPORT AND MAKES A RECOMMENDATION TO THE ORGANIZATION AS TO APPROPRIATE COMPENSATION OF DIRECTORS. THE FULL BOARD HAS ACCESS TO SEABROOK VILLAGE INC.'S CONSULTANT'S REPORT AND AN OPPORTUNITY TO QUESTION THE CONSULTANT ABOUT THE PROCESS, METRICS, AND COMPARABLES THAT WERE USED IN DETERMINING THE RECOMMENDED COMPENSATION. THE BOARD THEN VOTES ON THE COMPENSATION RECOMMENDATIONS AND A CONTEMPORANEOUS RECORD IS MADE OF THE MEETING AND THE VOTE. THE CONSULTANT REVIEW WAS LAST UNDERTAKEN IN 2010 AND WAS ACTED UPON BY THE BOARD IN EARLY 2011. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EXECUTIVE DIRECTOR'S OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,171. MISSION STATEMENT - 990 PAGE 1, PART I, LINE 1 AND PART III, LINE 1 MISSION STATEMENT SHARING OUR GIFTS TO CREATE COMMUNITIES THAT CELEBRATE LIFE THE BOARD OF DIRECTORS OF NATIONAL SENIOR CAMPUSES, INC. AND ITS SUPPORTED COMMUNITIES ARE COMMITTED TO ACHIEVING THE MISSION BY: 1. PROMOTING AN ACTIVE QUALITY OF LIFE FOR SENIORS -CREATING LARGE SCALE RETIREMENT CAMPUSES TO PROMOTE ACTIVITY AND HEALTHY LIVING. -PROVIDING A RESIDENT CENTERED SERVICE CULTURE. -ENCOURAGING RESIDENT RUN ACTIVITIES WITH PROFESSIONAL SUPPORT. 2. ACHIEVING EXCELLENCE IN SERVICES AND PROGRAMS -EXERCISING ITS AUTHORITY IN SERVICES, PROGRAMS, FEES, FACILITIES AND FINANCING. -EMBRACING COMPLIANCE, ETHICS AND INTEGRITY. -OVERSEEING SERVICES AND PROGRAMS PERSONALLY AND IN MEETINGS WITH THE RESIDENTS ADVISORY COUNCIL. -TAKING A LONG-TERM VIEW OF FIDUCIARY RESPONSIBILITY. 3. INSURING AFFORDABILITY TO MIDDLE INCOME SENIORS -FOCUSING ON THE LONG TERM VIABILITY OF THE COMMUNITY FOR CURRENT AND FUTURE RESIDENTS. -USING FINANCING STRATEGIES TO LOWER THE COST OF CAPITAL. -QUALIFYING FOR EXEMPTION FROM FEDERAL AND STATE INCOME TAX. -OBTAINING PROPERTY TAX REDUCTIONS FROM COMMUNITY GOVERNMENTS. -ACCUMULATING NET INCOME TO FURTHER THE MISSION. -MAINTAINING A POLICY FOR FULLY REFUNDABLE ENTRANCE DEPOSIT. -OFFERING FEE-FOR-SERVICE HEALTH CARE. 4. MAKING A LIFE CARE COMMITMENT -TO THE EXTENT FEASIBLE, ENSURING THAT NO RESIDENT SHOULD EVER HAVE TO LEAVE A COMMUNITY AS A RESULT OF FINANCIAL INABILITY TO PAY FOR THE COST OF THEIR CARE. -ENCOURAGING FUNDRAISING EFFORTS IN SUPPORT OF BENEVOLENT CARE. 5. FOSTERING GROWTH -COMMITTING TO MAKING THIS LIFESTYLE AVAILABLE TO AN INCREASING NUMBER OF SENIORS. -INCREASING EFFORTS TO ACHIEVE AFFORDABILITY. -DEVELOPING NEW COMMUNITIES IN CURRENT MARKETS. -DEVELOPING COMMUNITIES IN NEW MARKETS. FORM 990, PART VI, LINE 9 THE BOARD OF DIRECTORS AS LISTED IN PART VII, SECTION A, CAN BE REACHED AT THE FOLLOWING ADDRESS: UNIVERSITY OF MARYLAND-BALTIMORE COUNTY (UMBC) RESEARCH TECHNOLOGY PARK 5525 RESEARCH PARK DRIVE, 3RD FLOOR BALTIMORE, MD 21228 FORM 990, PART VII - BOARD OF DIRECTORS COMPENSATION THE COMPENSATION PAID BY RELATED ENTITIES FOR EACH DIRECTOR IS AS FOLLOWS: INDIVIDUAL: FREDERICK HAAS ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 9,708 ASHBY PONDS, INC. $ 334 BROOKSBY VILLAGE, INC. $ 334 CEDAR CREST VILLAGE, INC. $ 14,708 EAGLE'S TRACE, INC. $ 334 FOX RUN VILLAGE, INC. $ 334 GREENSPRING VILLAGE, INC. $ 334 HIGHLAND SPRINGS, INC. $ 333 LINDEN PONDS, INC. $ 333 MARIS GROVE, INC. $ 9,708 NATIONAL SENIOR CAMPUSES, INC. $ 0 OAK CREST VILLAGE, INC. $ 333 RIDERWOOD VILLAGE, INC. $ 333 SEABROOK VILLAGE, INC. $ 14,708 TALLGRASS CREEK, INC. $ 333 WIND CREST, INC. $ 333 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 52,500 INDIVIDUAL: STANLEY W. ELWELL ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 10,954 ASHBY PONDS, INC. $ 17 BROOKSBY VILLAGE, INC. $ 17 CEDAR CREST VILLAGE, INC. $ 10,954 EAGLE'S TRACE, INC. $ 17 FOX RUN VILLAGE, INC. $ 17 GREENSPRING VILLAGE, INC. $ 17 HIGHLAND SPRINGS, INC. $ 17 LINDEN PONDS, INC. $ 17 MARIS GROVE, INC. $ 10,954 NATIONAL SENIOR CAMPUSES, INC. $ 7,500 OAK CREST VILLAGE, INC. $ 17 RIDERWOOD VILLAGE, INC. $ 16 SEABROOK VILLAGE, INC. $ 10,954 TALLGRASS CREEK, INC. $ 16 WIND CREST, INC. $ 16 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 51,500 INDIVIDUAL: WILLIAM KENNEDY ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 14,725 ASHBY PONDS, INC. $ 350 BROOKSBY VILLAGE, INC. $ 350 CEDAR CREST VILLAGE, INC. $ 9,725 EAGLE'S TRACE, INC. $ 350 FOX RUN VILLAGE, INC. $ 350 GREENSPRING VILLAGE, INC. $ 350 HIGHLAND SPRINGS, INC. $ 350 LINDEN PONDS, INC. $ 350 MARIS GROVE, INC. $ 14,725 NATIONAL SENIOR CAMPUSES, INC. $ 7,500 OAK CREST VILLAGE, INC. $ 350 RIDERWOOD VILLAGE, INC. $ 350 SEABROOK VILLAGE, INC. $ 9,725 TALLGRASS CREEK, INC. $ 350 WIND CREST, INC. $ 350 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 60,250 INDIVIDUAL: FREDERICK GRUEL ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 9,375 ASHBY PONDS, INC. $ 0 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 9,375 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 0 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 9,375 NATIONAL SENIOR CAMPUSES, INC. $ 3,750 OAK CREST VILLAGE, INC. $ 0 RIDERWOOD VILLAGE, INC. $ 0 SEABROOK VILLAGE, INC. $ 9,375 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 41,250 INDIVIDUAL: ELLEN TOPLIN ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 1,875 ASHBY PONDS, INC. $ 0 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 1,875 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 0 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 1,875 NATIONAL SENIOR CAMPUSES, INC. $ 0 OAK CREST VILLAGE, INC. $ 0 RIDERWOOD VILLAGE, INC. $ 0 SEABROOK VILLAGE, INC. $ 1,875 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 7,500 INDIVIDUAL: BARBARA BISGAIER ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 9,375 ASHBY PONDS, INC. $ 0 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 9,375 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 0 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 9,375 NATIONAL SENIOR CAMPUSES, INC. $ 3,750 OAK CREST VILLAGE, INC. $ 0 RIDERWOOD VILLAGE, INC. $ 0 SEABROOK VILLAGE, INC. $ 9,375 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 41,250 INDIVIDUAL: MARY COLINS ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 9,375 ASHBY PONDS, INC. $ 0 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 9,375 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 0 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 9,375 NATIONAL SENIOR CAMPUSES, INC. $ 3,750 OAK CREST VILLAGE, INC. $ 0 RIDERWOOD VILLAGE, INC. $ 0 SEABROOK VILLAGE, INC. $ 9,375 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 41,250 INDIVIDUAL: ARNOLD SPEERT ORGANIZATION COMPENSATION ANN'S CHOICE, INC. $ 9,375 ASHBY PONDS, INC. $ 0 BROOKSBY VILLAGE, INC. $ 0 CEDAR CREST VILLAGE, INC. $ 9,375 EAGLE'S TRACE, INC. $ 0 FOX RUN VILLAGE, INC. $ 0 GREENSPRING VILLAGE, INC. $ 0 HIGHLAND SPRINGS, INC. $ 0 LINDEN PONDS, INC. $ 0 MARIS GROVE, INC. $ 9,375 NATIONAL SENIOR CAMPUSES, INC. $ 3,750 OAK CREST VILLAGE, INC. $ 0 RIDERWOOD VILLAGE, INC. $ 0 SEABROOK VILLAGE, INC. $ 9,375 TALLGRASS CREEK, INC. $ 0 WIND CREST, INC. $ 0 NSC FOUNDATION, INC. $ 0 HICKORY CHASE, INC. $ 0 --------- INDIVIDUAL SUB-TOTAL $ 41,250 FORM 990, PART VII - BOARD OF DIRECTORS HOURS PER WEEK APPROXIMATE HOURS PER WEEK, BY ENTITY: NSC OCV GSV RWV ALP CCV SBV ACH MGV BBV F. HAAS 1 0 0 0 0 2 2 2 2 0 S. ELWELL 3 0 0 0 0 2 2 2 2 0 W. KENNEDY 4 0 0 0 0 2 2 2 2 0 F. GRUEL 1 0 0 0 0 2 2 2 2 0 E. TOPLIN 0 0 0 0 0 .2 .2 .2 .2 0 B. BISGAIER 1 0 0 0 0 .5 .5 .5 .5 0 M. COLINS 0 0 0 0 0 1 1 1 1 0 A. SPEERT 1 0 0 0 0 1 1 1 1 0 LPH FRV TCK HSD ETH WCD NSCF HCH F. HAAS 0 0 0 0 0 0 0 0 S. ELWELL 0 0 0 0 0 0 1 0 W. KENNEDY 0 0 0 0 0 0 0 0 F. GRUEL 0 0 0 0 0 0 0 0 E. TOPLIN 0 0 0 0 0 0 0 0 B. BISGAIER 0 0 0 0 0 0 0 0 M. COLINS 0 0 0 0 0 0 0 0 A. SPEERT 0 0 0 0 0 0 0 0 FORM 990, PART VII - OFFICER HOURS PER WEEK JOHN HALL, CLARA PARKER, AND JAMES WALTER, ASSISTANT TREASURERS, ARE ALSO OFFICERS OF OCV, GSV, RWV, CCV, SBV, MGV, BBV, LPH, FRV, TCK, HSD, ETH, WCD, ALL OF WHICH ARE RELATED ENTITIES. THESE OFFICERS DEVOTE APPROXIMATLY .5 HOURS PER WEEK TO EACH ENTITY. TINTON FALLS CAMPUS LLC 3000 ESSEX ROAD TINTON FALLS NJ 07753 522027818 OWNER OF LAND AND BUILDINGS MD 0 269546524 SEABROOK VILLAGE INC ASHBY PONDS INC 21170 ASHBY PONDS BLVD ASHBURN VA 20147 205609803 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 BROOKSBY VILLAGE INC 100 BROOKSBY VILLAGE DRIVE PEABODY MA 01960 522126755 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 CEDAR CREST VILLAGE INC 1 CEDAR CREST VILLAGE DRIVE POMPTON PLAINS NJ 07444 522184915 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 EAGLE'S TRACE INC 14703 EAGLE VISTA DRIVE HOUSTON TX 77077 030498683 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 FOX RUN VILLAGE INC 41000 13 MILE ROAD NOVI MI 48377 522291271 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 ANN'S CHOICE INC 10000 ANNS CHOICE WAY WARMINSTER PA 18974 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HICKORY CHASE INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 208991395 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HIGHLAND SPRINGS INC 8000 FRANKFORD ROAD DALLAS TX 75252 510536892 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 LINDEN PONDS INC 300 LINDEN PONDS WAY HINGHAM MA 02043 141849849 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 MARIS GROVE INC 100 MARIS GROVE WAY GLEN MILLS PA 19342 550878964 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 NATIONAL SENIOR CAMPUSES INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 204356247 SUPPORTING ORGANIZATION MD 501(C)(3) 11, III-FI N/A 0 NATIONAL SENIOR CAMPUSES FOUNDATION INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 030611973 SUPPORTING ORGANIZATION MD 501(C)(3) 11, III-FI N/A 0 OAK CREST VILLAGE INC 8800 WALTHER BOULEVARD PARKVILLE MD 21234 521874053 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 RIDERWOOD VILLAGE INC 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 522126753 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 TALLGRASS CREEK INC 13800 METCALF AVENUE OVERLAND PARK KS 66223 870765641 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 WINDCREST INC 3235 MILL VISTA ROAD HIGHLANDS RANCH CO 80129 510549976 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 GREENSPRING VILLAGE INC 7440 SPRING VILLAGE DRIVE SPRINGFIELD VA 22150 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0