2012-06-19T15:54:31-05:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 101 N TRYON STREET SUITE 1000 CHARLOTTE NC 28246 990 2011-01-01 620698709 PRESBYTERIAN HOMES OF TENNESSEE INC PRES 8656903411 801 VANOSDALE ROAD KNOXVILLE TN 37909 WILLIAM R THOMAS JR 8656903411 2012-06-18 1 GREGORY W JOHNS P00535091 7049985200 2011 2016-02-24 21:20:13Z WILLIAM R THOMAS JR 801 VANOSDALE ROAD KNOXVILLE TN 37909 33092348 0 X WWW.SHANNONDALETN.COM X 1968 TN THE ORGANIZATION OWNS AND OPERATES TWO CONTINUING CARE RETIREMENT COMMUNITIES. 16 15 647 16 0 0 468834 418506 29350996 30094761 -103035 267503 107296 2311578 29824091 33092348 0 0 0 0 16319917 16223702 0 0 0 11946505 12781614 28266422 29005316 1557669 4087032 65617283 67979479 46109174 45381211 19508109 22598268 THE ORGANIZATION IS AN EXEMPT ORGANIZATION RELATED TO THE PRESBYTERIAN CHURCH OF TN. THE ORGANIZATION OWNS AND OPERATES TWO CONTINUING CARE RETIREMENT COMMUNITIES CONSISTING OF RESIDENTIAL RETIREMENT COMPLEXES, ASSISTED LIVING FACILITIES, AND SKILLED NURSING FACILITIES. 0 0 16796251 20132624 EXPENSES RELATED TO PROVIDING SKILLED NURSING AND RELATED HEALTH CARE SERVICES TO THE ELDERLY. THERE ARE 244 RESIDENT BEDS AVAILABLE AND 86,741 DAYS OF SERVICES WERE PROVIDED. 6171039 6662629 EXPENSES INCURRED PROVIDING RETIREMENT HOME AND RELATED SERVICES TO THE ELDERLY. 66,266 DAYS WERE PROVIDED. 2550267 3299508 EXPENSES INCURRED PROVIDING ASSISTED LIVING AND RELATED SERVICES TO THE ELDERLY. THERE ARE 84 PATIENT BEDS AND 27,529 DAYS WERE PROVIDED. 25517557 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 23 0 647 1 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GLEN MCDANIEL 8656903411 801 VANOSDALE ROAD KNOXVILLE TN 37909 WILLIAM REEVES 1.00 X 0 0 0 CHARLES WEST 1.00 X 0 0 0 SANDY MARTIN 1.00 X 0 0 0 JOE COLQUITT 1.00 X 0 0 0 CRAIG JARVIS 1.00 X 0 0 0 WILLIAM HURT 1.00 X 0 0 0 DALE KEASLING 1.00 X 0 0 0 FRANK MYERS 1.00 X 0 0 0 GAINES PITTENGER 1.00 X 0 0 0 MIKE DALTON 1.00 X 0 0 0 HOLLY BURKETT 1.00 X 0 0 0 CATHERINE BEALS 1.00 X 0 0 0 ROBERT KILLEFER 1.00 X 0 0 0 MARY ALICE TUCKER 1.00 X 0 0 0 DOUG OVERBEY 1.00 X 0 0 0 DEBBIE JONES 1.00 X X 0 0 0 WILLIAM R THOMAS JR 37.50 X 212959 0 21233 TODD TAYLOR 37.50 X 117473 0 11747 DAVID MAXWELL 37.50 X 97903 0 9720 428335 0 42700 2 0 1 0 TRU GREEN LANDCARE 3312 NORTH PARK BOULEVARD ALCOA TN 37701 LAWN CARE 166847 1 418506 418506 GENERAL SERVICE FEES 623000 24509641 24509641 5585120 5585120 30094761 267503 267503 INSURANCE PROCEEDS 900099 2211513 2211513 MEALS 623000 71658 71658 28407 28407 2311578 33092348 30094761 0 2579081 471034 471034 12472760 11681831 790929 1071956 967447 104509 1232276 1112137 120139 975676 880554 95122 78200 78200 80973 80973 32671 32671 923280 876260 47020 26108 26108 89828 54578 35250 99510 26181 73329 2744484 2744484 29191 4776 24415 22838 14435 8403 415263 415263 3219913 3213405 6508 MEDICAL SUPPLIES 2540002 2540002 FOOD COSTS 1277473 1277473 LICENSES & DUES 617014 617014 BAD DEBT 159935 159935 424931 123994 300937 29005316 25517557 3487759 0 1008746 2538304 1776155 2407815 1540941 1624603 183988 165013 80953 84638 82548404 30418677 53883773 52129727 6855989 8731746 286738 297633 65617283 67979479 657424 656665 31336950 30850046 11166654 10064439 2948146 3810061 46109174 45381211 X 19040840 22078883 467269 519385 19508109 22598268 65617283 67979479 X 4087032 -996873 X X 0 1 1 X 0 X 68177 259835 571721 468834 418506 1787073 26479811 28003027 28999298 29350996 30094761 142927893 26547988 28262862 29571019 29819830 30513267 144714966 0 0 0 144714966 111170 238177 150090 301901 267503 1068841 111170 238177 150090 301901 267503 1068841 116509 131473 139979 107296 2311578 2806835 26775667 28632512 29861088 30229027 33092348 148590642 0.97390 0.99280 0.00720 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1914535 1914535 73248165 25976401 47271764 0 5773533 3875448 1898085 1612171 566828 1045343 52129727 LONG TERM INVESTMENTS 8731746 F 8731746 ACCRUED PENSION LIABILITIES 3810061 3810061 33092348 29005316 4087032 -107556 -889317 -996873 3090159 32043359 -107556 -720116 -827672 32871031 221317 221317 33092348 29005316 0 29005316 0 29005316 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE CORPORATION FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD ANY STATUS BE CHALLENGED IN THE FUTURE, THE 2008, 2009, AND 2010 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF THE CORPORATION. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR THE CORPORATION. THE CORPORATION HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS -889,317. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS USED FOR OPERATIONS 169,201. CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS -889,317. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 221,317. 1 X X X 0 0 0 0 0 0 0 0 0 WILLIAM R THOMAS JR 212329 0 0 0 630 0 0 0 21233 0 234192 0 0 0 THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF BLOUNT COUNTY TENNESSEE 621192419 NONEAVAIL 2009-12-04 12263362 REFUND OF OLD BONDS AND REFINANCE OTHER DEBT 0 1 0 12263362 84610 2009 1 0 1 1 0 0 0 0 1 0 1 0 0 0 1 DALE KEASLING BUSINESS RELATIONSHIP 0 THE CORPORATION HAS VARIOUS DEPOSIT ACCOUNTS WITH HOME FEDERAL BANK, WHOSE PRESIDENT IS A MEMBER OF THE BOARD OF DIRECTORS OF THE CORPORATION. AT DECEMBER 31, 2011 AND 2010, TOTAL DEPOSITS HELD WITH HOME FEDERAL BANK APPROXIMATED $3,670,000 AND $1,842,000, RESPECTIVELY. 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INURNMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY JOB PERFORMANCE, AS WELL AS THE GOING RATE IN THE AREA, AND IS THEN APPROVED BY THE BOARD. THE PROCESS WAS LAST UNDERTAKEN FOR WILLIAM R. THOMAS, CEO & PRESIDENT ON 1/1/11, TODD TAYLOR, ASSISTANT ADMINISTRATOR ON 8/3/11 AND DAVID MAXWELL, ADMINISTRATOR ON 3/7/11. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -107,556. OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS -889,317. TOTAL TO FORM 990, PART XI, LINE 5: -996,873. FORM 990, PART XII, LINE 2C: NO CHANGES IN AUDIT COMMITTEE PROCESSES HAVE OCCURED IN THE CURRENT TAX YEAR.