2012-05-02T09:36:35-05:00 2011-06-30 PLANTE & MORAN PLLC PO BOX 307 SOUTHFIELD MI 480370307 990 2010-07-01 351270709 GREENCROFT GOSHEN INC GREE 5745374000 PO BOX 819 GOSHEN IN 46527 DALE SHENK 5745374000 2012-05-02 1 2483522500 2010 2016-02-24 21:20:13Z SANDRA YODER 1721 GREENCROFT BLVD GOSHEN IN 46526 30029712 0 X WWW.GREENCROFT.ORG X 1972 IN GREENCROFT GOSHEN PROVIDES ACTIVE, AFFORDABLE RETIREMENT LIVING WITH SUPPORTIVE SERVICES, ASSISTED LIVING, AND SKILLED NURSING CARE. CHARITY CARE FOR FYE JUNE 30, 2011 AMOUNTED TO $3,723,709. 8 7 645 238 110760 -17692 225638 520666 27074283 26385453 -93525 414716 608865 1980291 27815261 29301126 171017 580181 0 0 14627599 14619639 0 0 0 12854590 12542494 27653206 27742314 162055 1558812 59805485 61159079 68554761 66969624 -8749276 -5810545 X THE MISSION OF GREENCROFT GOSHEN IS TO PROVIDE ACTIVE, AFFORDABLE RETIREMENT LIVING IN HOMES WITH SUPPORTIVE SERVICES, ASSISTED LIVING, AND SKILLED NURSING CARE. THE ORGANIZATION PROVIDES MAINTENANCE, TELEPHONE, HOUSEKEEPING, RENTAL AND DIETARY SERVICES TO ITS VARIOUS AFFILIATED ORGANZATIONS. 0 0 13974166 17695791 NURSING SERVICES - GREENCROFT GOSHEN'S HEALTH FACILITIES PROVIDE STATE-OF-THE-ART HEALTH CARE TECHNIQUES AND TECHNOLOGY IN AN INVITING AND SUPPORTIVE RESIDENTIAL ENVIRONMENT. OUR SETTING IS APPROPRIATE FOR INDIVIDUALS WHO ARE RECOVERING FROM SURGERY OR ILLNESS, NEED REHABILITATION, OR REQUIRE ONGOING LONG-TERM NURSING CARE. OUR RESTORATIVE CARE PHILOSOPHY REINFORCES THE HEALING AND REHABILITATION PROCESS AND PROMOTES INDEPENDENCE. A FULL RANGE OF ACTIVITIES, CHAPLAINCY, AND SOCIAL SERVICES ARE PROVIDED. WE PROVIDE OUTPATIENT PHYSICAL, OCCUPATIONAL, AND SPEECH/LANGUAGE THERAPIES FOR ALL AGES. WE EMPHASIZE EDUCATION AND COMMUNICATION WITH YOU, YOUR FAMILY, AND REFERRING PHYSICIANS. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM GREENCROFT COMMUNITIES FOUNDATION IF THEIR ASSETS RUN OUT DURING THE YEAR ENDED JUNE 30, 2011. OVER 13% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNTS; INDIGENT CARE/CHARITY CARE - $3,559,310, REDUCED/FREE CARE/USE OF FACILITIES - $84,708, MEDICARE WRITE-OFFS - $79,691, AND VOLUNTEERS HOURS (VALUED AT $118,004). 6992652 7156102 RESIDENT SERVICES - GREENCROFT GOSHEN (GG) IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO 950 RESIDENTS ON A 167-ACRE CAMPUS. GG PROVIDES CCRC SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING, ADULT DAY PROGRAMS, SENIOR CENTER PROGRAMS, AND HOME CARE SERVICES. EVERGREEN PLACE PROVIDES GG RESIDENTS WITH A VITAL OPTION IN THE CONTINUUM OF CARE IF AND WHEN THEY SHOULD NEED ASSISTANCE SERVICES. ASSISTED LIVING VACANCIES NOT FILLED BY GG ARE AVAILABLE TO OLDER ADULTS IN THE WIDER COMMUNITY. WE PARTNER WITH RESIDENTS, THEIR FAMILIES, AND OTHERS TO CREATE A COMMUNITY WHERE OLDER ADULTS ENJOY LIFE. SUCH PARTNERSHIP IS ESSENTIAL TO APPROPRIATELY MEET THE NEEDS OF A RAPIDLY GROWING OLDER ADULT POPULATION. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS ARE ELIGIBLE FOR SUPPORT FROM THEGREENCROFT COMMUNITY FOUNDATION IF THEIR ASSETS RUN OUT. GG IS IN AN ACTIVE PARTNERSHIP WITH GOSHEN COLLEGE TO PROVIDE LIFELONG LEARNING OPPORTUNITIES TO PEOPLE OVER THE AGE OF 55 IN ELKHART COUNTY. ADDITIONALLY, GG PROVIDES NUMEROUS PROGRAMS AND ACTIVITIES FOR SENIORS ON AND OFF OUR CAMPUS. GG IS AFFILIATED WITH THREE HUD HOUSING ORGANIZATIONS ON ITS CAMPUS THAT ARE INTEGRATED INTO GG'S SERVICES. THESE ORGANIZATIONS SERVE 250 RESIDENTS. 932921 0 431289 DIETARY AND OTHER SERVICES - THE ORGANIZATION PROVIDES DIETARY AND OTHER MISCELLANEOUS PROGRAM SERVICES TO ITS RESIDENTS. 1328567 580181 995667 THE ORGANIZATION PROVIDES MAINTENANCE, TELEPHONE, HOUSEKEEPING, RENTAL, AND DIETARY SERVICES TO VARIOUS AFFILIATED ORGANIZATIONS. 1328567 580181 995667 23228306 1 1 0 0 0 0 0 0 1 1 1 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 645 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 8 7 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X DALE SHENK 5745374000 1721 GREENCROFT BLVD GOSHEN IN 46526 X BYRON SHETLER 1.00 X X 0 0 0 JIM ALVAREZ 1.00 X X 0 0 0 FRAN WENGER 1.00 X 0 0 0 REX HOCHSTEDLER 1.00 X 0 0 0 JEFF FRANTZ 1.00 X 0 0 0 LUKE BIRKY 1.00 X 0 0 0 VICKY KIRKTON 1.00 X 0 0 0 STEVE PETTIT 1.00 X 0 0 0 RAY HELMUTH 1.00 X 0 0 0 RITA GINGRICH 1.00 X 0 0 0 DALE SHENK 1.00 X 0 106750 27761 SANDRA YODER 40.00 X 0 118941 33642 PATRICIA FORD 1.00 X 0 48692 12027 0 274383 73430 0 0 1 0 GREENCROFT RETIREMENT COMMUNITIES PO BOX 819 GOSHEN IN 46527 MANAGMENT AND CORPORATE SERVICES 2360807 HEALTHCARE THERAPY SERVICES 1411 W COUNTY LINE RD SUITE A GREENWOOD IN 46142 THERAPY SERVICES 1284690 2 517409 3257 520666 NURSING SERVICES 623000 17695791 17695791 RESIDENT SERVICES 623000 7156102 7156102 AFFILIATE SUPPORT 623000 995667 995667 DIETARY SERVICES 722320 537893 431289 106604 26385453 645523 645523 157168 97779 59389 59389 4156 55233 400000 471732 159075 -71732 -159075 -230807 -230807 MEDICAL INSURANCE 623000 1154247 1154247 HOUSEKEEPING 812900 177219 177219 TENANT CHARGES 812900 130213 130213 459223 459223 1920902 29301126 26278849 110760 2390851 580181 580181 10777514 9576086 1201428 418161 371546 46615 2622904 2330515 292389 801060 711761 89299 1382806 1382806 28011 28011 55658 55658 2370666 1373729 996937 10737 8590 2147 1557603 1432995 124608 1387652 1387652 17549 13337 4212 1987345 1987345 2306392 2306392 110766 110766 DIETARY EXPENSES 934796 934796 TOURS EXPENSE 99944 99944 DUES & SUBSCRIPTIONS 56402 5640 50762 PROF. DEVELOPMENT 42801 29533 13268 BAD DEBT EXPENSE 8016 8016 185350 59426 125924 27742314 23228306 4514008 0 2580 2800 3135836 2405469 0 1781471 1767444 120690 127562 225166 208013 71879922 38015045 34687591 33864877 11676457 14502907 3939097 3979021 30933 35054 4205664 4265932 59805485 61159079 1916927 1899227 0 7364528 7936915 41595012 40520948 17678294 16612534 68554761 66969624 X -8480771 -5554657 -268505 -255888 -8749276 -5810545 59805485 61159079 X 1558812 1379919 X X 0 1 1 X 0 X 339576 283485 232636 225638 520666 1602001 25168067 26700107 27761764 26527372 26385453 132542763 565393 499098 895566 1461679 3421736 25507643 27548985 28493498 27648576 28367798 137566500 0 0 0 137566500 1136446 1067223 986618 896041 798535 4884863 110760 110760 1136446 1067223 986618 896041 909295 4995623 746880 332847 150710 49761 459223 1739421 27390969 28949055 29630826 28594378 29736316 144301544 0.95330 0.94580 0.03460 0.04390 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5858445 226740 982985 99184 6968986 5560658 37368 330181 69762 5858445 6553674 285623 -1119343 159296 5560658 0.63620 0.32220 0.04160 0 1 1 1605921 1605921 56134215 27732184 28402031 3844974 2945868 899106 8849553 7336993 1512560 1445259 1445259 33864877 HEDGE FUNDS 836606 F FIXED INCOME (GIC) FUNDS 3142415 F 3979021 DUE FROM AFFILIATE - GREENCROFT MIDDLEBURY (LONG-TERM) 2000000 DUE FROM AFFILIATE - GREENCROFT CENTRAL MANOR (LONG-TERM) 603452 DUE FROM AFFILIATE - GREENCROFT MANOR II 6545 DUE FROM AFFILIATE - GREENCROFT MANOR III 205340 DUE FROM AFFILIATE - GREENCROFT MANAGEMENT INC. 1420 DUE FROM AFFILIATE - GREENCROFT CENTRAL MANOR 7643 DUE FROM AFFILIATE - GREENCROFT MIDDLEBURY 351 DUE FROM AFFILIATE - GREENCROFT COMMUNITIES FOUNDATION 571 DUE FROM AFFILIATE - GREENCROFT RETIREMENT COMMUNITIES 13595 DEFERRED FINANCING COSTS 759760 RESIDENT CONTRACTS IN PROCESS OF SETTLEMENT 667255 4265932 DUE TO AFFILIATES - GREENCROFT RETIREMENT COMMUNITIES 155845 DUE TO AFFILIATES - GREENCROFT COMMUNITIES FOUNDATION 3165 DUE TO AFFILIATES - GREENCROFT MANOR II 44 DUE TO AFFILIATES - GREENCROFT MANOR III 60 ACCRUED INTEREST PAYABLE 634451 LIFE LEASE NOTES PAYABLE 15818969 16612534 29301126 27742314 1558812 1379919 1379919 2938731 30778824 1379919 97779 1477698 29301126 0 29301126 27840093 97779 97779 27742314 0 27742314 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE HELD BY GREENCROFT COMMUNITIES FOUNDATION INC. FOR THE BENEFIT OF GREENCROFT GOSHEN. THE FUNDS MAY ALSO BENEFIT RELATED ORGANIZATIONS MANOR II, MANOR III AND CENTRAL MANOR, BUT THERE IS NOT A DIRECT OBLIGATION TO THESE THREE ORGANIZATIONS SO THE FUNDS ARE NOT CONSIDERED AS HELD FOR THEIR BENEFIT. PART XII, LINE 2D - OTHER ADJUSTMENTS: LESS: RENTAL EXPENSES REPORTED ON LINE 6B 97,779. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LESS: RENTAL EXPENSES REPORTED ON LINE 6B 97,779. CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS 836606 0 0 0 0 0 0 836606 0 836606 0 0 0 0 0 0 1 GREENCROFT COMMUNITIES FOUNDATION INC PO BOX 819 GOSHEN IN 46527 237126990 IRC SEC. 501(C)(3) 204214 N/A N/A TO SUPPORT OPERATIONS GREENCROFT MIDDLEBURYINC PO BOX 819 GOSHEN IN 46527 300036865 IRC SEC. 501(C)(3) 349466 COST BASIS TRANSFER OF SENIOR CENTER TO SUPPORT OPERATIONS 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CONTRIBUTIONS MADE ARE UNRESTRICTED AND CAN BE USED IN ANY WAY THE DONEE ORGANIZATION SEES FIT TO FURTHER ITS TAX-EXEMPT PURPOSE. 0 0 0 0 0 0 0 0 0 SANDRA YODER 0 110734 0 8145 0 62 0 22614 0 11028 0 152583 0 0 SUPPLEMENTAL INFORMATION PART III SCHEDULE J, PART I THIS ENTITY RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE PRESIDENT/CEO: 1. INDEPENDENT COMPENSATION CONSULTANT 2. FORM 990 OF OTHER ORGANIZATIONS 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 6. COMPENSATION COMMITTEE EVERENCE FINANCIAL JIM ALVAREZ, CURRENT BOARD MEMBER, IS THE SENIOR VICE PRESIDENT OF EVERENCE 682080 INSURANCE AND OTHER SERVICES PROVIDED BY EVERENCE FINANCIAL TO GREENCROFT GOSHEN 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS UNDER A MANAGEMENT/AFFILIATION CONTRACT WITH GREENCROFT RETIREMENT COMMUNITIES, INC. (GRC), A RELATED TAX-EXEMPT ORGANIZATION. ACCORDING TO THE AGREEMENT, GRC HAS THE SOLE AND EXCLUSIVE RIGHT TO SUPERVISE, MANAGE, AND OPERATE THE ORGANIZATION'S FACILITY ("THE FACILITY"). IN ADDITION, GRC HAS THE SOLE CONTROL AND DISCRETION WITH REGARD TO THE OPERATION AND MANAGEMENT OF THE FACILITY FOR ALL CUSTOMARY PURPOSES, AS WELL AS THE RIGHT TO DETERMINE ALL OPERATING POLICIES AFFECTING OR CONCERNING THE APPEARANCE AND MAINTENANCE STANDARDS OF OPERATION, AND ANY OTHER MATTER AFFECTING THE FACILITY OR THE OPERATION THEREOF. THE AGREEMENT TERMINATES IN JUNE 2012, AND IS RENEWABLE ANNUALLY FOR ADDITIONAL ONE YEAR PERIODS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, GREENCROFT RETIREMENT COMMUNITIES, INC (GRC), WHO IS ALSO A RELATED TAX-EXEMPT ORGANIZATION. THE RESERVED POWERS OF THE SOLE MEMBER ARE AS FOLLOWS 1. APPROVAL TO ANY CHANGES IN CORPORATE MISSION, WHICH MAY BE PROPOSED BY THE ORGANIZATION, BUT WHICH SHALL BECOME EFFECTIVE ONLY UPON APPROVAL OF GRC 2. APPROVAL OF NOMINATED CANDIDATES TO SERVE AS DIRECTOR OF THE ORGANIZATION 3. THE CREATION OR DISCONTINUANCE OF PROGRAMS OR SERVICES OFFERED BY THE ORGANIZATION 4. AMENDMENTS TO THE BYLAWS AND ARTICLES OF INCORPORATION 5. APPROVAL OR THE ADOPTION OF THE ANNUAL BUDGET 6. APPROVAL OF NON-BUDGETED CONTRACTS AND/OR NON-BUDGETED PURCHASES OF OVER $50,000 7. THE INCURRENCE OF INDEBTEDNESS OVER $500,000 8. THE SALE OF REAL ESTATE 9. THE DONATION OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS 10. ANY MERGER OR CONSOLIDATION WITH ANY OTHER ORGANIZATION, OR THE PARTIAL OR TOTAL DISSOLUTION OF THE ORGANIZATION 11. THE CREATION OF SUBSIDIARY CORPORATIONS, LLCS, PARTNERSHIPS, OR OTHER ENTERPRISES 12. THE ACQUISITION OF CONTROLLING INTERESTS IN ANOTHER ENTITY 13. THE APPOINTMENT OF THE PRESIDENT/CEO, CFO, SECRETARY, AND TREASURER OF THE CORPORATION (BUT NOT THE OFFICERS OF THE BOARD OF DIRECTORS) 14. THE REMOVAL OF THE CHAIR OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE 15. THE REMOVAL OF MEMBERS OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE. NOTWITHSTANDING THESE RESERVED POWERS, THE MEMBER HAS NO FINANCIAL OBLIGATIONS OR RESPONSIBILITIES FOR ANY ACTIONS OF THE ORGANIZATION BY REASON OF SERVING AS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION B, LINE 11 A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PRESENTED BY OUR TAX ADVISORS TO THE ORGANIZATION'S AUDIT COMMITTEE AT A REGULARLY SCHEDULED MEETING. A COPY OF THE FINAL DRAFT IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO ITS FILING. THIS ALLOWS THE BOARD OF DIRECTORS AND MANAGEMENT TO REVIEW AND PROVIDE COMMENTS AND EXPLANATIONS REGARDING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTERESTS THEY MAY HAVE WITH THE ORGANIZATION. THE TREASURER REVIEWS EACH POLICY STATEMENT SIGNED BY THESE INDIVIDUALS TO DETERMINE IF ANY CONFLICTS HAVE OCCURRED AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF A CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN HIM/HERSELF FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 GREENCROFT GOSHEN, CENTRAL MANOR, MANOR II AND MANOR III'S (GG) PHILOSOPHY IS TO COMPENSATE TEAM MEMBERS IN A FAIR MANNER FOR THE WORTH OF WORK PROVIDED WITHIN THE CURRENT MARKET VALUE RANGE FOR EACH POSITION IN THE ORGANIZATION. GG CONDUCTS PERIODIC REVIEW OF THE MARKET TO DEVELOP AVERAGE WAGES FOR POSITIONS WITHIN GREENCROFT GOSHEN. GREENCROFT GOSHEN STARTS EMPLOYEES THAT MEET THE MINIMUM REQUIREMENTS FOR THE POSITION AT/OR NEAR THE STARTING WAGE. WE MAKE ADJUSTMENTS TO THE STARTING WAGE BASED ON YEARS OF EXPERIENCE IN THAT SPECIFIC POSITION. OUR COMPENSATION PHILOSOPHY FOR STAFF OF OUR ORGANIZATION IS BASED ON VARIOUS TIERS. THE FIRST TIER IS GENERAL STAFF. WE HAVE HIRED AN OUTSIDE CONSULTANT TO DEVELOP A COMPENSATION SYSTEM FOR ALL OF GREENCROFT GOSHEN'S POSITIONS. THE CONSULTANTS DEVELOPED A SYSTEM WITH WAGE SCALES THAT USE THE MARKETPLACE AVERAGE FOR KEY POSITIONS AS THE STARTING POINT FOR THE SCALES. THE WAGES SCALES HAVE A MINIMUM, A 25TH PERCENTILE, A 50TH PERCENTILE (AVERAGE) A 75TH PERCENTILE AND A MAXIMUM. WE STRIVE TO KEEP OUR AVERAGE FOR POSITIONS AT THE MID-POINT OF A RANGE DEVELOPED BY OUR CONSULTANTS. PERIODICALLY WE HIRE A CONSULTANT TO UPDATE THE MARKETPLACE AVERAGE FOR SEVERAL KEY POSITIONS. THE CONSULTANT WILL USE AREA MARKETPLACE DATA, AAHSA DATA, AND OTHER INDUSTRY DATA TO DEVELOP THE AVERAGE. OUR COMPENSATION PHILOSOPHY FOR MANAGEMENT AND EXECUTIVE STAFF (DIRECTORS AND VICE PRESIDENT) OF OUR ORGANIZATION IS SLIGHTLY DIFFERENT. THE SECOND TIER IS MANAGEMENT STAFF. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR STAFF. HOWEVER, OUR POLICY STATES THAT DIRECTORS ARE LIKE OTHER STAFF AND CAN EARN UP TO THE 100TH PERCENTILE OF THE RANGE FOR THEIR POSITION. OUR THIRD TIER IS VICE PRESIDENT STAFF. THE WAGE SCALE SYSTEM IS THE SAME FOR OUR STAFF. HOWEVER, THERE IS ONE DIFFERENCE. THE POLICY STATES THAT VICE PRESIDENTS CAN EARN UP TO THE 85TH PERCENTILE OF THE RANGE FOR THEIR POSITION. THE RANGE USES THE MEDIAN AS THE MID-POINT NOT THE AVERAGE. GENERALLY THE MEDIAN IS BELOW THE AVERAGE. THE OVERALL COMPENSATION POLICY AND THE VP COMPENSATION POLICY ARE APPROVED BY THE GREENCROFT COMMUNITIES (GC) BOARD OF DIRECTORS. THE GREENCROFT GOSHEN (GG) BOARD REVIEWS THE COMPENSATION POLICIES. ANNUALLY THE GC BOARD AND THE GG BOARD REVIEW THE COMPENSATION OF THEIR RESPECTIVE EXECUTIVE TEAMS. THEY COMPARE CURRENT WAGES WITH NATIONAL DATA PROVIDED BY AMERICAN ASSOCIATION OF HOMES AND SERVICES FOR THE AGING (AAHSA). THE BOARDS REVIEW THE CURRENT WAGE, THE PERCENTILE RANKING OF THE EMPLOYEE IN HIS/HER RESPECTIVE RANGE AND THE MEDIAN OF THE MARKETPLACE COMPARED TO THE MID-POINT OF THE EMPLOYEE'S RANGE. THE BOARDS DOCUMENT THESE MEETINGS AND ACTIONS TAKEN IN THEIR BOARD MINUTES. THE GG BOARD HAS REVIEWED THE BASE WAGE AND THE VARIABLE PAY FOR THE PRESIDENT OF GREENCROFT GOSHEN. IN THE FISCAL YEAR 2011 THIS POSITION WAS AT THE 84TH PERCENTILE OF THE RANGE FOR THIS POSITION IN BASE COMPENSATION AND AT THE 45TH PERCENTILE OF THE MARKET FOR THE VARIABLE PAY COMPENSATION. THIS EXCERCISE WAS LAST PERFORMED IN FISCAL YEAR 2011. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART VII, SECTION A DALE SHENK, TREASURER, DEVOTE APPROXIMATELY 40 HOURS PER WEEK TO GREENCROFT RETIREMENT COMMUNITIES, INC., A RELATED TAX-EXEMPT ORGANIZATION. HE ALSO DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO THE FOLLOWING RELATED ORGANIZATIONS: CHICAGO TRAIL VILLAGE, INC. GREENCROFT COMMUNITIES FOUNDATION, INC. GREENCROFT CENTRAL MANOR, INC. GREENCROFT MANOR II, INC. GREENCROFT MANOR III, INC. GREENCROFT MIDDLEBURY, INC. GREENCROFT HOME HEALTH SERVICES, INC. SOUTHFIELD VILLAGE, INC. HAVEN HUBBARD HOMES, INC. D/B/A HAMILTON GROVE HAMILTON FOUNDATION WALNUT HILLS RETIREMENT COMMUNITIES, INC. OAK GROVE CHRISTIAN RETIREMENT VILLAGE, INC. GREENCROFT MANAGEMENT, INC. PATRICIA FORD, SECRETARY, DEVOTES APPROXIMATELY 40 HOURS PER WEEK TO GREENCROFT RETIREMENT COMMUNITIES, INC., A RELATED TAX-EXEMPT ORGANIZATION. SHE ALSO DEVOTE APPROXIMATELY ONE HOUR PER WEEK TO THE FOLLOWING RELATED ORGANIZATIONS: GREENCROFT COMMUNITIES FOUNDATION, INC. GREENCROFT CENTRAL MANOR, INC. GREENCROFT MANOR II, INC. GREENCROFT MANOR III, INC. GREENCROFT MIDDLEBURY, INC. GREENCROFT HOME HEALTH SERVICES, INC. GREENCROFT MANAGEMENT, INC. SANDRA YODER, PRESIDENT - DEVOTES APPROXIMATELY 2 HOURS PER WEEK TO THE FOLLOWING RELATED ORGANIZATIONS: GREENCROFT RETIREMENT COMMUNITIES, INC. GREENCROFT CENTRAL MANOR, INC. GREENCROFT MANOR II, INC. GREENCROFT MANORIII, INC. VARIOUS BOARD MEMBERS ALSO CONTRIBUTE TIME TO OTHER RELATED ORGANIZATIONS REPORTED IN SCHEDULE R. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,379,919. FORM 990, PART XII, LINE 2C THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GREENCROFT COMMUNITIES FOUNDATION INC PO BOX 819 GOSHEN IN 46527 237126990 FUNDRAISING IN 501(C)(3) LINE 7 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANOR III INC PO BOX 819 GOSHEN IN 46527 351431475 HOUSING IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MANOR II INC PO BOX 819 GOSHEN IN 46527 351377430 HOUSING IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT MIDDLEBURY INC PO BOX 819 GOSHEN IN 46527 300036865 HOUSING IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT RETIREMENT COMMUNITIES INC PO BOX 819 GOSHEN IN 46527 300036587 MANAGEMENT IN 501(C)(3) LINE 9 N/A 0 HAVEN HUBBARD HOMES INC DBA HAMILTON GROVE 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 350870110 HEALTHCARE IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 OAK GROVE CHRISTIAN RETIREMENT VILLAGE INC 221 WEST DIVISION ROAD DEMOTTE IN 46310 351986767 HEALTHCARE IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 SOUTHFIELD VILLAGE INC 6450 MIAMI CIRCLE SOUTH BEND IN 46614 351866553 HEALTHCARE IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 WALNUT HILLS RETIREMENT COMMUNITIES INC PO BOX 129 WALNUT CREEK OH 44687 351317338 HEALTHCARE IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT HOME HEALTH SERVICES INC PO BOX 819 GOSHEN IN 46527 351606010 HOME HEALTH IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 GREENCROFT CENTRAL MANOR INC PO BOX 819 GOSHEN IN 46527 356047318 HOUSING IN 501(C)(3) LINE 9 GREENCROFT RETIREMENT COMMUNITIES INC 1 HAMILTON FOUNDATION INC 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 351764275 FUNDRAISING IN 501(C)(3) LINE 11A, I HAVEN HUBBARD HOMES INC DBA HAMILTON GROVE 1 CHICAGO TRAIL VILLAGE INC 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 310990629 HOUSING IN 501(C)(3) LINE 9 HAVEN HUBBARD HOMES INC DBA HAMILTON GROVE 1 MENNONITE HEALTH SERVICES 234 S MAIN STREET SUITE A GOSHEN IN 46526 231421919 HEALTHCARE IN 501(C)(3) LINE 9 N/A 0 GREENCROFT MANAGEMENT INC PO BOX 819 GOSHEN IN 46527 270259652 MANAGEMENT SERVICES IN N/A C 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 GREENCROFT RETIREMENT COMMUNITIES INC L 2360807 ACTUAL COSTS INCURRED GREENCROFT MANOR II INC K 356620 ACTUAL COSTS INCURRED GREENCROFT MANOR III INC K 183944 ACTUAL COSTS INCURRED GREENCROFT CENTRAL MANOR INC K 102000 ACTUAL COSTS INCURRED GREENCROFT MIDDLEBURY INC K 81872 ACTUAL COSTS INCURRED GREENCROFT COMMUNITIES FOUNDATION INC C 457607 CASH VALUE GREENCROFT COMMUNITIES FOUNDATION INC B 204214 CASH VALUE GREENCROFT MIDDLEBURY INC B 349466 COST BASIS GREENCROFT MIDDLEBURY INC D 2000000 CASH VALUE GREENCROFT CENTRAL MANOR INC D 859340 CASH VALUE GREENCROFT MANOR III INC D 200000 CASH VALUE GREENCROFT CENTRAL MANOR INC Q 255888 ACTUAL COSTS INCURRED