2012-03-20T12:46:33-05:00 2011-06-30 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2010-07-01 232132688 ELM TERRACE GARDENS ELMT 2153615664 660 N BROAD STREET LANSDALE PA 19446 ROBERT C MCLAIN 2153615664 2012-03-20 1 JULIUS GREEN CPA 2159720701 2010 2016-02-24 21:20:13Z TIMOTHY MURPHY 660 N BROAD STREET LANSDALE PA 19446 14494559 0 X WWW.ETG-CCRC.ORG X 1979 PA PROVIDES QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS. 10 10 178 158 0 0 42556 94401 12822557 12948555 -39613 83916 89874 143946 12915374 13270818 0 0 0 0 5488434 5271777 0 0 0 6820688 7192457 12309122 12464234 606252 806584 25740601 25270640 24555530 23211688 1185071 2058952 ELM TERRACE GARDENS STRIVES TO PROVIDE QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO ITS RESIDENTS. 0 0 10978214 13022546 ELM TERRACE GARDENS OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 72-BED NURSING FACILITY, A 57-BED PERSONAL CARE FACILITY, AND 128 INDEPENDENT LIVING APARTMENTS. THE COMPANY'S OPERATIONS ARE LOCATED IN LANSDALE, PENNSYLVANIA. APPROXIMATELY 244 RESIDENTS WERE SERVED DURING THE YEAR. 10978214 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 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 178 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X ROBERT C MCLAIN VPCFO 2153615664 660 N BROAD STREET LANSDALE PA 19446 CLIFFORD T STOUT 2.00 X X 0 0 0 DIL KULATHUM 2.00 X X 0 0 0 JOHN HENLEY 2.00 X X 0 0 0 HAROLD MATHUES 2.00 X X 0 0 0 KENNETH AHRENSFIELD 2.00 X 0 0 0 REV DR KENT BERGHUIS 2.00 X 0 0 0 JACKIE CANNON 2.00 X 0 0 0 DON HELPA 2.00 X 0 0 0 QUINCY LONGACRE 2.00 X 0 0 0 ELIZABETH A SMITH 2.00 X 0 0 0 MARGE WINTER 2.00 X 0 0 0 ROBERT LOVELACE THRU 311 40.00 X 214698 0 10000 ROBERT MCLAIN 40.00 X 148882 0 12800 363580 0 22800 2 0 1 0 MORRISON SENIOR DINING PO BOX 102289 ATLANTA GA 30368 FOOD SERVICE 2212685 GENESIS REHAB PO BOX 7777 PHILADELPHIA PA 19175 REHAB SERVICES 597780 CONTRACT PHARMACY SERVICES 125 TITUS AVENUE WARRINGTON PA 18976 PHARMACY SERVICES 252161 PENN BUILDERS PO BOX 18 QUAKERTOWN PA 18951 CONSTRUCTION 110438 4 94401 94401 NET RESIDENT SERVICE R 623000 12948555 12948555 12948555 26443 26443 82281 29949 52332 52332 52332 1218538 1161065 57473 57473 57473 24619 32727 -8108 -8108 TRANSPORT/ESCORT REVEN 623000 22248 22248 GUEST QUARTERS & MEALS 623000 20797 20797 TELEPHONE REVENUE 623000 19443 19443 37234 32300 4934 99722 13270818 13022546 0 153871 386380 386380 83495 83495 3828122 3456860 371262 104260 101189 3071 522490 436414 86076 347030 287221 59809 107738 107738 35100 35100 3111748 3111748 202571 202571 195454 109229 86225 50344 50344 850977 850977 26282 18685 7597 13575 13575 602413 602413 1129038 1129038 94163 94163 MEDICAL SUPPLIES 417107 417107 PA NURSING HOME ASSESSM 100323 100323 REPAIRS 74149 74149 LICENSES AND FEES 59038 8767 50271 ACTIVITIES 28289 22746 5543 94148 73690 20458 12464234 10978214 1486020 0 24209 300 336780 197326 546829 690480 25828 28321 74397 91255 31389895 8535645 23838117 22854250 893523 1316652 918 92056 25740601 25270640 922807 820425 292071 198093 11536974 13006778 340565 10333874 10315631 24555530 23211688 X 1184153 1903304 918 155648 1185071 2058952 25740601 25270640 X 806584 67297 X 0 1 1 X 0 X 72770 51854 34148 42556 94401 295729 10319717 11684051 11935566 12881059 13022546 59842939 10392487 11735905 11969714 12923615 13116947 60138668 850 850 0 850 850 60137818 107897 95223 80430 80072 108724 472346 107897 95223 80430 80072 108724 472346 9690 10963 24185 20173 50350 115361 10510074 11842091 12074329 13023860 13276021 60726375 0.99030 0.99080 0.00780 0.01000 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE GUEST QUARTERS & MEALS STORE INVENTORY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1402768 1402768 28784710 8075886 20708824 1202417 459759 742658 22854250 REFUNDABLE FEES AND DEPOSITS 735619 DEFERRED REVENUE FROM ENTRANCE FEES 9580012 10315631 13270818 12464234 806584 67297 67297 873881 13306327 67297 -31788 35509 13270818 0 13270818 12432446 0 12432446 31788 31788 12464234 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COMPANY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2011 AND 2010. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -31,788. PART XIII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 31,788. X X X 1 0 0 0 0 0 0 1 0 ROBERT LOVELACE THRU 311 166792 0 31299 0 16607 0 10000 0 0 0 224698 0 0 0 ROBERT MCLAIN 113378 0 22542 0 12962 0 8000 0 4800 0 161682 0 0 0 PART I, LINE 4A PRESIDENT ROBERT LOVELACE RECEIVED SEVERANCE PAYMENTS FROM MARCH 24, 2011 THROUGH JUNE 30, 2011 IN THE AMOUNT OF $44,458.40. THIS AMOUNT EQUATED TO 14 WEEKS OF SALARY. PART I, LINE 7 THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PLAN FOR THE PRESIDENT AND THE CFO WHICH IS BASED ON QUANTITATIVE AND QUALITATIVE GOALS, INCLUDING MEETING OR EXCEEDING BUDGETED AMOUNTS, RESIDENT AND EMPLOYEE SATISFACTION, SURVEY COMPARISONS, COMPLIANCE WITH REGULATIONS AND ADHERENCE TO STRATEGIC PLANNING. THE INCENTIVE COMPENSATION CANNOT EXCEED 10% OF THE INDIVIDUAL'S BASE COMPENSATION. NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2004-07-22 10000000 CONSTRUCTION AND REFINANCING 0 0 0 NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2007-03-02 4885000 CONSTRUCTION AND REFINANCING 0 0 0 1315000 10000000 8685000 2004 1 0 1 1 2685000 4885000 200000 2000000 2007 1 0 1 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 JASON LOVELACE SON OF PRESIDENT ROBERT LOVELACE 48441 COMPENSATION AS DIRECTOR OF TECHNOLOGY & INFORMATION 0 MARGARET LOVELACE DAUGHTER-IN-LAW OF PRESIDENT ROBERT LOVELACE 35054 COMPENSATION AS ASSISTANT DIRECTOR OF ACTIVITIES 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S CFO WILL REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 1. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY ARE NOT DELIBERATELY ENGAGED IN ANY ACTIVITIES WHICH CREATE A CONFLICT OF INTEREST. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY WILL DISCLOSE SUCH A CONFLICT OF INTEREST SHOULD IT ARISE. SUCH ATTESTATION IS DOCUMENTED ON THE "INDIVIDUAL STATEMENT REGARDING CONFLICT OF INTEREST" FORM. 2. EXECUTED ATTESTATIONS ARE FILED IN THE BOARD OF DIRECTORS FILE. 3. SHOULD A DIRECTOR (OR ANYONE ELSE) BELIEVE THAT THERE EXISTS A CONFLICT OF INTEREST OR A POTENTIAL FOR A CONFLICT OF INTEREST BETWEEN THE INTERESTS OF ELM TERRACE GARDENS AND ANY OTHER INTEREST A DIRECTOR MAY HAVE, SUCH IS BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IN WRITING. 4. THE EXECUTIVE COMMITTEE EVALUATES THE CONFLICT OR POTENTIAL CONFLICT TO DETERMINE WHETHER IT UNDERMINES THE DIRECTOR'S ABILITY TO SERVE. 5. SHOULD THE BOARD DETERMINE THAT THE DIRECTOR NOT BE REMOVED FROM OFFICE, THE DIRECTOR ABSTAINS FROM DISCUSSION OF AND VOTING ON ANY MATTER RELATED TO THE CONFLICT OR POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE PENNSYLVANIA NONPROFIT HOMES FOR THE AGING SALARY SURVEY INFORMATION FOR SOUTHEASTERN PENNSYLVANIA IN DETERMINING ALL EMPLOYEE COMPENSATION. THE COMPENSATION OF THE PRESIDENT IS APPROVED BY THE BOARD. 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. IN ADDITION, THE FINANCIAL STATEMENT IS INCLUDED IN THE DISCLOSURE STATEMENT PROVIDED TO EXISTING AND PROSPECTIVE RESIDENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 67,297.