2012-08-03T15:38:19-07:00 2012-03-31 990 2011-04-01 020519490 KENDAL AT HANOVER I KEND 6036438900 80 Lyme Road Hanover NH 03755 Brent Edgerton 6036437004 2012-08-03 2011 2016-02-24 21:20:13Z Kendal at Hanover I 80 Lyme Road Hanover NH 03755 48024398 0 X www.kah.kendal.org X 1988 NH We offer services that are needed to ensure a vigorous independence. We conduct our business in a manner that includes all residents and respects all opionions. We provide for supportive services, health care, leadership in issues dealing with end-of-life, and activities to meet recreational needs, both as a way to preserve wellness and as a symbol of life at Kendal. 16 16 390 92 0 0 219754 176825 20507604 21792004 3050065 1342231 640308 667676 24417731 23978736 67745 76532 0 0 10209325 10515696 0 0 0 11578862 11791134 21855932 22383362 2561799 1595374 118578431 119464002 94800408 94241584 23778023 25222418 Kendal at Hanover is a not-for-profit continuing care retirement community characterized by mutual respect, integrity and a concern for each other's welfare that fosters the independence, vitality, health and security of older persons and in which residents and staff may exercise their talents in a supportive environment. 0 0 18653420 33404 21829898 Operation of Continuing Care Retirement Community for the elderly consisting of 250 independent living apartments, a community center, 56 licensed skilled beds and 56 licensed assisted living bed serving 408 residents. 0 43128 0 Education reimbursement given to 26 employees over the course of the year for continuing education. 0 0 0 18653420 1 1 0 0 0 0 0 0 0 1 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 0 1 0 0 0 0 1 30 0 1 390 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X X Kendal at Hanover I 6036437004 80 Lyme Road Hanover NH 03755 Virginia Allison 1.00 X 0 0 0 Roberta J Berner 1.00 X 0 0 0 Robert B Donin 1.00 X 0 0 0 Ella A Erway 1.00 X 0 0 0 Arthur Z Gardiner Jr 1.00 X 0 0 0 John A Hochreiter 1.00 X 0 0 0 John W Kirk 1.00 X 0 0 0 Frank M Lesher 1.00 X 0 0 0 Stephen R Marion 1.00 X 0 0 0 Anne Page 1.00 X 0 0 0 Bryant M Patten 1.00 X 0 0 0 Stanley A Pelli 1.00 X 0 0 0 Kathryn G Underwood 1.00 X 0 0 0 Linda J von Reyn 1.00 X 0 0 0 Michael F Wagner 1.00 X 0 0 0 F Thomas Wilson 1.00 X 0 0 0 Brent B Edgerton 50 X 155824 0 16317 Diana M Cox 45 X 124383 0 20085 Rebecca A Smith 50 X 231597 0 8600 511804 0 45002 3 0 1 0 Engelberth Construction Inc 463 Mountain View Drive Colchester VT 05446 Construction 6036047 Lavallee Brensinger Architects 155 Dow Street Suite 400 Manchester NH 03101 Architect 346475 2 0 0 0 0 0 176825 0 176825 Resident Fees - Apartment 623000 12806961 12806961 0 0 Resident Fees - Healthcare 623000 4263353 4263353 0 0 Amortization Entry Fees 623000 4721690 4721690 0 0 0 0 0 0 21792004 814486 0 0 814486 0 0 0 0 0 0 0 0 54725 0 0 0 54725 0 54725 0 0 54725 24573407 0 24043967 1695 529440 -1695 527745 0 0 527745 0 Child Day Care 624410 254110 0 0 254110 Net Assets Released from Restrictions 900099 233796 0 0 233796 Food Service 722210 87151 0 0 87151 37894 37894 0 0 612951 23978736 21829898 0 1972013 0 0 76532 76532 0 0 0 0 511804 124383 387421 0 0 0 0 0 7034950 6019123 1015827 0 608922 0 608922 0 1840250 1579633 260617 0 519770 426949 92821 0 280173 223912 56261 0 105479 0 105479 0 38500 0 38500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31396 126 31270 0 369170 179710 189460 0 184069 0 184069 0 0 0 0 0 3756826 3756826 0 0 123097 57585 65512 0 0 0 0 0 60501 28897 31604 0 0 0 0 0 652440 0 652440 0 3310576 3310576 0 0 127790 127790 0 0 Equipment & Repair 458163 448424 9739 0 Food Costs 1022984 1022984 0 0 Staff Recruitment 16994 16994 0 0 Health Center Related Costs 851158 851158 0 0 401818 401818 0 0 22383362 18653420 3729942 0 821 621 15139418 4848772 0 0 1318797 1944174 0 0 0 0 0 0 244637 305779 0 0 107833508 39381329 63635147 68452179 37619611 43297477 0 0 0 0 0 0 620000 615000 118578431 119464002 3645800 3885143 0 0 0 0 37140196 35298160 0 0 0 0 0 0 0 0 54014412 55058281 94800408 94241584 X 17359098 18735541 5172712 5222890 1246213 1263987 23778023 25222418 118578431 119464002 X 1595374 -150979 X 0 1 1 X 0 X 606618 462755 686536 219754 176825 2152488 20105075 22539664 21740931 22990268 23202305 110578243 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20711693 23002419 22427467 23210022 23379130 112730731 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 112730731 1488984 1189402 1167110 1179750 814486 5839732 0 0 0 0 0 0 1488984 1189402 1167110 1179750 814486 5839732 0 0 0 0 0 0 0 0 0 0 0 0 22200677 24191821 23594577 24389772 24193616 118570463 0.95075 0.9448 0.04925 0.0548 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1246213 17774 0 0 0 0 1263987 1206113 40100 0 0 0 0 1246213 994343 211770 0 0 0 0 1206113 826243 168100 0 0 0 0 994343 0 1 0 0 0 0 1155188 1155188 0 89799051 34454040 55345011 0 0 0 0 0 12443632 4927289 7516343 0 4435637 0 4435637 68452179 Deferred Resident Entry Fees 54655605 Gift Annuities Payable 402676 55058281 23978736 22383362 1595374 -150979 0 0 0 0 -150979 1444395 23164730 0 0 0 0 0 23164730 109436 704570 814006 23978736 22149733 0 0 0 0 0 22149733 0 233629 233629 22383362 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Resident assistance, Entry Fee assistance, employee education, music performances, child care assistance: All endowment funds are for the support of Kendal at Hanover's mission. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Audit Footnote: Kendal at Hanover follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statement. The guidance further prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The application of this standard has no impact on Kendal at Hanover's financial statments. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Contributions $176,825 and Realized Gains on Investments $527,745 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Temporary restricted funds transferred to operations $233,629 1 Tuition assistance for employees 26 43128 cost Donations to charitable institutions 7 22813 9091 cost Donated food SchI_P01_S00_L02 Schedule I, Part I, Line 2 Human Resources receives requests for tuition reimbursement from employees. These requests must be approved by the employee's supervisor, department director and the Executive Director. Policies are in place that dictate how much assistance is available per employee per year based on full or part time status. An agreement is signed between Kendal at Hanover and the employee that they must receive a C or B+ (for graduate work) to keep their reimbursement. Human Resources tracks this. X 0 0 0 0 0 0 0 0 0 Rebecca A Smith 202833 0 28764 0 0 0 0 0 8600 0 240197 0 0 0 Brent B Edgerton 155824 0 0 0 0 0 0 0 16317 0 172141 0 0 0 NH Health & Education Facilities Authority 020279866 644614KJ7 2004-10-13 13725000 secure lower cost of debt 0 0 0 MH Health & Education Facilities Authority 020279866 644614KN8 2004-10-13 15545000 secure lower cost of debt 0 0 0 New Hampshire Health & Educational Facilities Authority 020279866 644614WP0 2011-01-03 16365000 converted to bank qualified loan 0 0 0 5755000 0 13725000 13725000 0 0 254901 0 0 0 0 0 2004 0 0 1 1 4055000 0 15545000 15545000 0 0 287441 0 0 0 0 0 2004 0 0 1 1 355000 0 16365000 16365000 0 0 108485 0 0 0 0 0 2011 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b The Kendal Corporation has to approve any changes in Kendal at Hanover's by-laws, additional debt and any resident contract changes. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 is prepared by the Controller and then reveiwed by the Associate Executive Director/CFO. It is then shared with the Executive Director/CEO and the Board of Directors for any feedback and/or comments prior to submission. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Our conflict of interest policy states: "Individulas shall not use their positions, or knowledge gained therefrom, in such a say that a conflict would arise between the interest of Kendal at Hanover and that of the individual or entity in which that individual has an interest. Any individual covered by this policy having a potential conflict of interest on any matter should disclose the conflict of interest, abstain from discussion and not use personal influence on the matter. The minutes of the meeting should reflect that a disclosure was made and any abstention from discussion. A full disclosure of all facts pertaining to any transaction that is subject to any doubt concerning the possible existence of a conflict of interest shall be made before consummating the transaction. A full disclosure shall be made annually, or when a potential for a conflict of interest presents itself, concerning the relevant interests, activities, services, investments, and information. An annual disclosure shall be made by survey at the direction of the Audit Committee of the Board of Directors of Kendal at Hanover, or during the year as potential conflicts of interest or perceived conflicts of interest may occur. Relevant and material disclosures on conflicts of interst shall be appropriately noted in the audited financial statement of Kendal at Hanover on an annual basis." F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 It is Kendal at Hanover's Board of Directors' charge to evaluate the Executive Director on an annual basis and approve the compensation for that position. The Executive Director evaluates top management and their compensation is adjusted annually. All other positions are avaluated annually based on Human Resource's compensation policies and procedures. A market analysis is done annually for all positions; the last one done in September 2011. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The annual Disclosure Statement is made available to all current residents and to interested parties on our website. This statement includes the conflict of interest disclosure. The 990 is available on the website, at our reception desk and in our library. The audited financials statements as well as interim financials are available in our library. The audited financial statements are also available on our website. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized loss on Investments $(150,979) Kendal at Oberlin 600 Kendal Drive Oberlin OH 440741900 341567246 Operate CCRC OH 501(c)(3) 9 N/A 0 Kendal at Ithaca 2230 North Triphammer Road Ithaca NY 14850 521787487 Operate CCRC NY 501(c)(3) 9 N/A 0 Barclay Friends 700 N Franklin St West Chester PA 19380 232088476 Operate CCRC PA 501(c)(3) 7 N/A 0 The Kendal Corporation 1107 East Baltimore Pike Kennett Square PA 19348 232688382 Develope & provide administration for CCRC's PA 501(c)(3) 11 Type III N/A 0 Kendal Charitable Funds 1107 East Baltimore Pike Kennett Square PA 19348 232626425 Manage charitable contributions to primarily benefit affiliates PA 501(c)(3) 7 N/A 0 Kendal-Crosslands Communities PO Box 100 Kennett Square PA 19348 231906212 Operate CCRC PA 501(c)(3) 9 N/A 0 Kendal on Hudson 1010 Kendal Way Sleepy Hollow NY 10591 133971396 Operate CCRC NY 501(c)(3) 9 N/A 0 Kendal at Granville 2158 Columbus Road Granville OH 43023 311657346 Operate CCRC OH 501(c)(3) 9 N/A 0 Kendal at Home 27519 Detroit Road Westlake OH 44145 200548053 Operate Home Care OH 501(c)(3) 9 N/A 0 The Lathrop Communities 100 Bassett Brook Drive Easthampton MA 01027 042996627 Operate over 55 community MA 501(c)(3) 9 N/A 0 Kendal at Lexington 160 Kendal Drive Lexington VA 24450 541795871 Operate CCRC VA 501(c)(3) 9 N/A 0 Lexington Health Investors 160 Kendal Drive Lexington VA 24450 541956103 Operate skilled nursing home VA 501(c)(3) 9 N/A 0 Kendal New York 1010 Kendal Way Sleepy Hollow NY 10591 061656576 Provide support services in operation of Kendal on Hudson & Kendal at Ithaca NY 501(c)(3) 11 Type I N/A 0 Collington Episcopal Lifecare Community Inc 10450 Lottsford Road Mitchellville MD 20721 521281156 Operate CCRC MD 501(c)(3) 9 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 The Kendal Corporation m 0 The Kendal Corporation o 884442 invoices Kendal Charitable Funds c 5000