2012-10-26T15:20:45-05:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 610 WGERMANTOWN PIKESTE 400 PLYMOUTH MTG PA 19462 990 2011-01-01 232499121 WHITE HORSE VILLAGE INC WHIT 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 JENNIFER SCHILPP 6105585000 2012-10-26 1 BERNADETTE O'TOOLE CPA P00229258 2156433900 2011 2016-02-24 21:20:13Z JENNIFER SCHILPP 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 28993191 0 X WWW.WHITEHORSEVILLAGE.ORG X 1989 PA WE PROVIDE A FULL RANGE OF RETIREMENT LIFESTYLES ROOTED IN EXCELLENCE IN A VIBRANT COMMUNITY OF PEOPLE WHO CARE. 15 15 437 0 0 0 214486 223386 23742425 24843476 134630 294609 343118 501836 24434659 25863307 0 0 0 0 9683052 10534087 0 0 0 14428472 15209812 24111524 25743899 323135 119408 95531465 95469346 108364826 112192776 -12833361 -16723430 WE PROVIDE A FULL RANGE OF RETIREMENT LIFESTYLES ROOTED IN EXCELLENCE IN A VIBRANT COMMUNITY OF PEOPLE WHO CARE. 0 0 19307950 24957982 WHITE HORSE VILLAGE, INC PROVIDES CARE UNDER LIFE CARE CONTRACTS TO APPROXIMATELY 550 ADULTS, ALL OVER THE AGE OF 62. UNDER THESE CONTRACTS, WHITE HORSE VILLAGE, INC. PROVIDES HOUSING, MEALS, UTILITIES, MAINTENANCE, AND CERTAIN MEDICAL SERVICES TO THESE RESIDENTS. 19307950 1 1 0 0 0 0 0 0 1 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 1 1 0 0 1 51 0 1 437 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JENNIFER K SCHILPP VP OF FINANCE 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 ALFRED F MEYER 1.00 X X 0 0 0 JOHN C SNYDER ESQ 1.00 X X 0 0 0 MICHAEL J HAMMOND 1.00 X X 0 0 0 AMY T CARPENTER 1.00 X 0 0 0 JOAN C FRANK 1.00 X 0 0 0 CHRISTINE LANDENBERGER 1.00 X 0 0 0 HOWARD L GREGG 1.00 X 0 0 0 BRUCE D HOPPER 1.00 X 0 0 0 THOMAS F KAIDEN 1.00 X 0 0 0 AMY J LAMBERT 1.00 X 0 0 0 PETER P MILLER 1.00 X 0 0 0 DOUGLAS W NAKAJIMA 1.00 X 0 0 0 JAMES H PYE 1.00 X 0 0 0 ROBERT J SANTILLI 1.00 X 0 0 0 JONATHAN S SUTTON 1.00 X 0 0 0 MARY KATHRYN S BURKE 40.00 X 254628 0 7776 JENNIFER K SCHILPP 40.00 X 181147 0 5415 ANNA MAY GRZECZKOWSKI 40.00 X 138666 0 4050 MICHAEL A SCHEUREN 40.00 X 121419 0 3615 ROBERT J HIGGINS 40.00 X 125541 0 3783 DOROTHY L MALLON 40.00 X 116840 0 3667 938241 0 28306 6 0 1 0 HERMAN GOLDNER COMPANY INC 7777 BREWSTER AVENUE PHILADELPHIA PA 19153 HVAC CONTRACTOR 1272771 KEYSTONE HEALTH PLAN EAST PO BOX 70250 PHILADELPHIA PA 19176 EMPLOYEE GROUP INS. PROVIDER 897095 MORRISON MANAGEMENT SPECIALISTS INC 535 GRADYVILLE ROAD NEWTOWN SQUARE PA 19073 DINING/HSKPG MGT 850474 JOHN MCALLISTER 129 BEECHWOOD ROAD NEWTOWN SQUARE PA 19073 CONSTRUCTION 534795 R TITTER ROOFING LLC 600 RIDLEY CREEK ROAD MEDIA PA 19063 ROOFING 521150 28 223386 223386 RESIDENT CARE FEES 623000 14428085 14428085 MEDICAL CARE FEES 623000 6918239 6918239 AMORT OF DEFERRED ENTR 623000 3452160 3452160 RENTAL INCOME 623000 44992 44992 24843476 310433 310433 3114060 3129884 -15824 -15824 -15824 MISC 812900 152013 152013 RESIDENT SERVICES 812900 117532 117532 VIEW/OPTION CHARGE 812900 115100 115100 117191 15230 101961 501836 25863307 24957982 0 681939 435775 435775 8022912 5908266 2114646 126128 94596 31532 1337796 1003348 334448 611476 458607 152869 713892 535419 178473 87320 65490 21830 68328 51246 17082 104207 78155 26052 169817 127363 42454 3074815 2306111 768704 17123 12842 4281 3568643 2676482 892161 8460 6345 2115 2183457 1637593 545864 4240356 3180267 1060089 285755 214316 71439 THERAPY 565236 423927 141309 LICENSES AND FEES 122403 91802 30601 25743899 19307950 6435949 0 3806 844975 2056776 597044 840535 80882 73238 532375 736751 127262561 46507171 81714589 80755390 10320622 9563904 1437172 1442752 95531465 95469346 2257731 2110099 48482310 49907859 47309531 46134035 202007 10315254 13838776 108364826 112192776 X -12833361 -16723430 -12833361 -16723430 95531465 95469346 X 119408 -4009477 X X 0 1 1 X 0 X 214487 223386 437873 20860024 22233941 23161485 23928739 24843476 115027665 20860024 22233941 23161485 24143226 25066862 115465538 134988 141060 162600 214487 219601 872736 5000 5000 10000 139988 146060 162600 214487 219601 882736 114582802 1015192 625334 345154 1049871 310433 3345984 1015192 625334 345154 1049871 310433 3345984 657563 544919 544894 371291 501836 2620503 22532779 23404194 24051533 25564388 25879131 121432025 0.94360 0.93600 0.02760 0.03230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 6656012 6656012 80445551 30517709 49927842 30940796 8872701 22068095 8452503 6486344 1966159 767699 630417 137282 80755390 INTEREST RATE SWAP 9502563 REFUNDABLE HEALTHCARE DEPOSITS 4336213 13838776 25863307 25743899 119408 -233828 -3775649 -4009477 -3890069 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE VILLAGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE VILLAGE 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 STATEMENTS. 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 THE VILLAGE'S FINANCIAL STATEMENTS. THE VILLAGE'S TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2008 TO 2010 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS -3,775,649. X X X X 0 0 0 0 0 0 0 0 0 MARY KATHRYN S BURKE 225251 0 17626 0 11751 0 7776 0 0 0 262404 0 0 0 JENNIFER K SCHILPP 164852 0 14854 0 1441 0 5415 0 0 0 186562 0 0 0 DELAWARE CNTY AUTHORITY 231973437 245913HH4 2006-05-17 4865000 REFUND OF '96/'00 BONDS; FUNDING CAPITAL PROJECT 0 0 0 DELAWARE CNTY AUTHORITY 231973437 245913HJ0 2006-05-17 35795000 REFUND OF '96/'00 BONDS; FUNDING CAPITAL PROJECT 0 0 0 DELAWARE CNTY AUTHORITY 231973437 245913JD1 2008-05-09 11000000 FUND EXPANSION, RENOVATION 0 0 0 4943215 4810037 54963 2006 0 1 1 1 35795000 28409313 404397 2006 1 0 1 1 11000000 1923291 219668 3245350 2010 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 1 MORGAN STANLEY 0 0 0 0 0 0 1 1 MORGAN STANLEY 0 0 0 0 0 0 1 1 WELLS FARGO 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NO DIRECTOR, OFFICER, KEY EMPLOYEE OR COMMITTEE MEMBER AND THEIR IMMEDIATE FAMILY SHALL CONDUCT BUSINESS WITH, OR HAVE A FINANCIAL INTEREST OF GREATER THAN FIVE PERCENT (5%) IN ANY PUBLICLY-TRADED ENTITY OR ANY INTEREST IN ANY OTHER NON-PUBLICLY TRADED ENTITY (WHICH DIRECTLY OR INDIRECTLY THROUGH SUBSIDIARIES OR AFFILIATES) CONDUCTS BUSINESS WITH THE CORPORATION OR ANY OF ITS AFFILIATED CORPORATIONS. EACH DIRECTOR, OFFICER, KEY EMPLOYEE, OR COMMITTEE MEMBER OF THE CORPORATION SHALL EXECUTE AN ANNUAL CONFLICT OF INTEREST STATEMENT WHICH CONTAINS A CERTIFICATION THAT SUCH INDIVIDUAL IS IN CURRENT COMPLIANCE WITH THIS CONFLICT OF INTEREST POLICY. THE STATEMENT WILL BE SIGNED BY THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES. IF A CONFLICT OF INTEREST DOES ARISE, THE DIRECTOR, OFFICER OR KEY EMPLOYEE WILL REFRAIN FROM PARTICIPATING IN DISCUSSIONS OR VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, COMPENSATION STUDIES/SURVEYS ARE COMPLETED. USING THESE SURVEYS, FORM 990S OF OTHER SIMILAR ORGANIZATIONS AND INDEPENDENT CONSULTANTS, THE BOARD EXECUTIVE COMMITTEE REVIEWS AND ESTABLISHES COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR. THE REVIEWS AND COMPENSATION POLICIES FOR THE VP OF FINANCE ARE CONDUCTED BY THE CEO/EXECUTIVE DIRECTOR WHO REVIEWS THEM WITH THE EXECUTIVE COMMITTEE OF THE BOARD. THE LAST COMPENSATION REVIEW WAS COMPLETED AUGUST 2011. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -233,828. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS -3,775,649. TOTAL TO FORM 990, PART XI, LINE 5: -4,009,477. OVERSIGHT PROCESS EXPLANATION 990 PART XII, LINE 2C THE PROCESS HAS REMAINED THE SAME AS IN THE PRIOR YEAR. WHITE HORSE VILLAGE ENDOWMENT INC 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 232738045 BENE. FUND PA 501(C)(3) 509(A)(3) WHITE HORSE VILLAGE INC 23-2499121 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 WHITE HORSE VILLIAGE ENDOWMENT FUND R 219601 FAIR MARKET VALUE OF ASSETS