2012-06-21T10:14:51-05:00 2011-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2011-01-01 237010671 SUNSET MANOR INC SUNS 6164572770 725 BALDWIN JENISON MI 49428 STEVE ZUIDERVEEN 6164572770 2012-06-20 1 CAROL LALONDE CPA P00181637 2695674500 2011 2016-02-24 21:20:13Z BROOKCREST SUNSET ASSOCIATION WATERFORD PLACE CHAD TUTTLE 725 BALDWIN JENISON MI 49428 36244269 0 X WWW.SUNSETMANOR.ORG X 1968 MI PROVIDE QUALITY HOUSING AND SERVICES FOR SENIORS IN THE GREATER GRAND RAPIDS AREA THROUGH THE OPERATION OF A RETIREMENT COMMUNITY, A SKILLED NURSING FACILITY AND HOME HEALTH SERVICES. 12 12 740 391 0 0 356355 356990 23591119 23797887 -493275 649882 42011 39344 23496210 24844103 0 0 0 0 12923898 12773978 0 2351 302804 12501519 11762468 25425417 24538797 -1929207 305306 72767754 64191853 63328827 55585776 9438927 8606077 SUNSET ASSOCIATION PROVIDES QUALITY SERVICES FOR SENIOR ADULTS IN THE GREATER GRAND RAPIDS METROPOLITAN AREA, IN A SPIRIT OF CHRISTIAN LOVE. 0 0 10427348 11421398 PROVIDE QUALITY HOUSING AND SERVICES TO 567 SENIORS 8066439 10948433 SKILLED NURSING CARE FOR 657 PERSONS WITH SPECIAL NEEDS 1180454 1428056 PROVIDE HOME HEALTH SERVICES TO 446 SENIORS 19674241 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 740 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MI X STEVE ZUIDERVEEN 6164572770 725 BALDWIN JENISON MI 49428 LARRY VREDEVOOGD 1.00 X X 0 0 0 GARY POPMA 1.00 X X 0 0 0 GARY KAPTEIN 1.00 X X 0 0 0 MITCH DYKSTRA 1.00 X X 0 0 0 DENNIS BUSH 1.00 X X 0 0 0 CALVIN MATTHYSE 1.00 X 0 0 0 LARRY KERKSTRA 1.00 X 0 0 0 JUDY BAKER 1.00 X 0 0 0 JIM DEVRIES 1.00 X 0 0 0 DOUG HAVEMAN 1.00 X 0 0 0 JOHN BAATENBURG 1.00 X 0 0 0 HENRIETTA BYKER 1.00 X 0 0 0 DEB DETERS 1.00 X 0 0 0 CONRAD BULT 1.00 X 0 0 0 CHAD TUTTLE 40.00 X 118867 0 18632 BRENDA CURTIS 40.00 X 91978 0 6266 RICH FREERKSEN 10.00 X 116223 0 12565 327068 0 37463 2 0 0 0 OMNICARE PHARMACY PO BOX 715268 COLUMBUS OH 43271 PHARMACY SERVICES 318399 GETSERVICE LLC 5222 33RD ST SE GRAND RAPIDS MI 49512 INFORMATION TECHNOLOGY 127241 2 91882 265108 356990 RESIDENTIAL CARE 623000 22303841 22303841 ADVANCED FEE REVENUE 623000 686810 686810 OTHER RESIDENT SERVICE 623000 437794 437794 PROCESSING FEE REVENUE 623000 249500 249500 MEALS REVENUE 722210 119942 119942 23797887 126066 126066 70544 70544 70544 70544 11763901 128881 11243139 125827 520762 3054 523816 523816 0 91882 31200 -31200 -31200 24844103 23797887 0 689226 367531 367531 10014045 9682040 268502 63503 291264 121758 169506 1297824 572302 711337 14185 803314 658335 139993 4986 16709 16709 62402 9063 53339 2351 2351 20057 20057 471499 91290 380209 195767 19477 42387 133903 136821 29534 62083 45204 1575521 1439816 135705 82639 42910 39729 43258 3737 39521 1704149 1643149 61000 2465997 2025239 407257 33501 288380 17841 270539 MEALS 1712729 1712729 QAAP TAX 853609 853609 SUPPLIES 792058 792058 EQUIPMENT RENTAL & MAIN 378281 317018 61263 962592 495945 461476 5171 24538797 19674241 4561752 302804 2149053 3345382 7942637 2083313 1598042 209832 172223 144344 36678 71938130 27122584 46834981 44815546 13219634 4050453 1484788 8126597 746104 72767754 64191853 1503884 1220240 2224388 2575081 45545000 36455000 14055555 15335455 63328827 55585776 X 9438927 8606077 9438927 8606077 72767754 64191853 X 305306 -1138156 X X 0 1 1 X 0 X 149786 254977 170459 356355 356990 1288567 21828173 22370425 23376627 23591119 23797887 114964231 21977959 22625402 23547086 23947474 24154877 116252798 0 0 0 116252798 586100 397444 193337 208250 196610 1581741 586100 397444 193337 208250 196610 1581741 22564059 23022846 23740423 24155724 24351487 117834539 0.98660 0.98240 0.01340 0.01760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3185680 356990 -79373 123904 61000 3278393 2492046 356355 465843 78098 50466 3185680 1867866 198327 536585 59953 50779 2492046 2759592 254977 -982721 113706 50276 1867866 1.00000 0 0 4466398 4466398 44301484 14171860 30129624 8119540 4713794 3405746 11950778 6159836 5790942 3099930 2077094 1022836 44815546 CHARITABLE GIFT ANNUITIES 240747 INTEREST RATE SWAP LIABILITY 2059898 REFUNDABLE ENTRANCE FEES AND DEPOSITS 13034810 15335455 24844103 24538797 305306 -576425 -561731 -1138156 -832850 23717090 -576425 -561731 -1138156 24855246 20057 -31200 -11143 24844103 24549940 31200 31200 24518740 20057 20057 24538797 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PROVIDE BENEVOLENCE FOR RESIDENTS WHO HAVE OUTLIVED THEIR FUNDS. PROVIDE FUNDS FOR SPECIFIC CAPITAL PROJECTS AS DETERMINED BY THE BOARD OF DIRECTORS OR AS DESIGNATED BY DONORS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF SWAP AGREEMENT -561,731. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -561,731. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -31,200. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 31,200. FALL GALA 91882 91882 1500 16665 10684 2351 91882 91882 1500 16665 10684 2351 31200 -31200 THE ECONOMIC DEVELOPMENT CORP OF THE TWP OF GEORGETOWN 386005370 NONEAVAIL 2009-12-21 26000000 COVER COST OF WATERFORD PLACE CONSTRUCTION 0 0 0 THE ECONOMIC DEVELOPMENT CORP OF THE TWP OF GEORGETOWN 386005370 NONEAVAIL 2010-04-01 20585000 CONVERT 2000 & 2005 BONDS TO BANK QUALIFIED BONDS TO LOWER INTEREST COST 0 0 0 26000000 2496056 754415 22749529 2010 1 0 1 1 20585000 66691 2010 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 DOING BUSINESS AS FORM 990, PART I, ITEM C DBA: SUNSET HOME SERVICES, SUNSET RETIREMENT COMMUNITIES & SERVICES, WATERFORD PLACE. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION HAS MEMBERS FORM 990, PART VI, SECTION A, LINE 7A ASSOCIATION MEMBERS ELECT MEMBERS OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE AND CHIEF FINANCIAL OFFICERS, AND DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES. AFTER THE DISCLOSURE, THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASON TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER FURTHER INVESTIGATION, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE A CONFLICT OF INTEREST, IT WILL TAKE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ENFORCING AND MONITORING THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A MEMBERS OF THE BOARD OF DIRECTORS DISCUSS PERFORMANCE WITH OTHER MANAGEMENT AND INVESTIGATE WAGES OF OTHER CEO'S IN THE AREA. RESULTS ARE GIVEN TO BOARD OF DIRECTORS WITH A RECOMMENDATION FOR WAGE INCREASE. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS 2011. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -576,425. CHANGE IN FAIR VALUE OF SWAP AGREEMENT -561,731. TOTAL TO FORM 990, PART XI, LINE 5: -1,138,156. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS THE PROCESS FOR SELECTION AND OVERSIGHT OF AN INDEPENDENT ACCOUNTANT IN THE PAST YEAR.