2012-11-01T13:56:53-05:00 2012-06-30 593070669 MOORE STEPHENS LOVELACE PA 311 PARK PLACE BLVD SUITE 100 CLEARWATER FL 33759 990 2011-07-01 590624420 PENNEY RETIREMENT COMMUNITY INC PENN 9042848200 P O BOX 555 PENNEY FARMS FL 320790555 ROBERT RIGEL 9042848200 2012-11-01 1 MELANIE MCPEAK P01346034 7275314477 2011 2016-02-24 21:20:13Z ROBERT RIGEL P O BOX 555 PENNEY FARMS FL 320790555 10411945 0 X WWW.PENNEYRETIREMENTCOMMUNITY.ORG X 1965 FL PENNEY RETIREMENT COMMUNITY SERVES SENIORS WHO DESIRE TO LIVE THE FINAL THIRD OF THEIR LIVES IN A CHRISTIAN ENVIRONMENT. PROGRAMS AND SERVICES, INCLUDING HEALTH CARE, ARE PROVIDED TO ENHANCE DAILY LIVING AND DIMINISH FEARS OF THE FUTURE. 17 17 220 300 0 0 1128027 423362 9197976 9683534 191480 197029 35011 45458 10552494 10349383 0 0 0 0 5109333 5361262 0 0 0 4849732 4824555 9959065 10185817 593429 163566 34747875 34537298 23989947 23690399 10757928 10846899 PENNEY RETIREMENT COMMUNITY IS AN INCLUSIVE CHRISTIAN COMMUNITY SEEKING THE ABUNDANT LIFE IN RETIREMENT LIVING. 0 0 9061413 9728992 THE ORGANIZATION PROVIDES HOUSING, HEALTH CARE AND OTHER RELATED SERVICES THROUGH THE OPERATION OF A RETIREMENT COMMUNITY. THE COMMUNITY INCLUDES 287 APARTMENTS AND HOMES, A 20-BED ALZHEIMER'S HEALTHCARE CENTER, 55 INDEPENDENT LIVING UNITS OFFERING ASSISTIVE SERVICES AND A LICENSED SKILLED NURSING CENTER WITH A CAPACITY OF 40 RESIDENTS. THE COMMUNITY ALSO INCLUDES RECREATIONAL AMENITIES, INCLUDING A NINE-HOLE GOLF COURSE, INDOOR SWIMMING POOL, FITNESS CENTER, ART STUDIO, CRAFT FACILITIES, LIBRARIES AND DINING FACILITIES. 9061413 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 100 0 1 220 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT RIGEL 9042848200 PO BOX 555 PENNEY FARMS FL 32079 DAVID L ALLEN 2.00 X 0 0 0 NORMAN S BEYER 2.00 X X 0 0 0 BURNEY BIVENS ESQ 2.00 X 0 0 0 JAMES A CHESTER 2.00 X X 0 0 0 SANDRA B BONNA 2.00 X 0 0 0 MICHAEL T HAMMOCK 2.00 X X 0 0 0 FRANCES L IRVINE 2.00 X X 0 0 0 WALTER I JACOBY 2.00 X X 0 0 0 EDWIN RUSSELL MEGONEGAL 2.00 X 0 0 0 JOHN C MYERS III 2.00 X 0 0 0 DR WILLIAM L PROCTOR 2.00 X 0 0 0 VIOLA M ANDERSON 2.00 X 0 0 0 THOMAS K GORDON 2.00 X 0 0 0 DAVID A MCINNES 2.00 X 0 0 0 CATHERINE G PARROTT 2.00 X 0 0 0 LYNN A AUBEL 2.00 X 0 0 0 WARREN W STEVENSON 2.00 X 0 0 0 GEORGE BOWSER 2.00 X 0 0 0 MARY HUNTLEY 2.00 X 0 0 0 ROBERT R RIGEL 40.00 X 142263 0 21310 WILLIAM D FISH 40.00 X 84880 0 11584 227143 0 32894 1 0 1 0 JAMES DEAN MASONRY INC 3750 CR 315-A GREEN COVE SPRINGS FL 32043 CONSTRUCTION/RENOVATION 285256 CHANEY'S HOME IMPROVEMENT 116 N ORANGE AVE GREEN COVE SPRINGS FL 32043 CONSTRUCTION/RENOVATION 100084 2 423362 423362 HOUSING 623000 4538801 4538801 NURSING 623000 4122752 4122752 RESIDENTS SERVICE 623000 515503 515503 FOOD SERVICE 623000 503144 503144 OTHER 623000 3334 3334 9683534 179905 179905 79686 62562 17124 17124 17124 OTHER INCOME 623000 45458 45458 45458 10349383 9728992 0 197029 227789 227789 3943491 3614007 329484 166582 153439 13143 657756 603709 54047 365644 323873 41771 54114 54114 57105 3205 53900 20484 20484 46650 25076 21574 1067457 935254 132203 2556 2556 445656 445656 1676170 1591741 84429 200656 189267 11389 FOOD 448437 447823 614 EQUIPMENT RENTAL & MAIN 297803 284339 13464 SUPPLIES 265851 265851 MISCELLANEOUS 98346 63019 35327 143270 115154 28116 10185817 9061413 1124404 0 292816 167664 5300 0 539317 582034 97990 107495 875 43106608 18690929 24300845 24415679 9423981 9193747 87626 69804 34747875 34537298 752920 836670 15638266 15337491 4550000 4365000 3048761 3151238 23989947 23690399 X 8897220 9014187 749027 748002 1111681 1084710 10757928 10846899 34747875 34537298 X 163566 -74595 X X 0 1 1 X 0 X 424222 354558 489071 859702 423362 2550915 8084192 8393284 8846845 9197976 9683534 44205831 8508414 8747842 9335916 10057678 10106896 46756746 0 804925 334081 366245 229881 306801 2041933 804925 334081 366245 229881 306801 2041933 44714813 281970 67227 63809 188654 179905 781565 281970 67227 63809 188654 179905 781565 25462 28469 24706 35011 45458 159106 8815846 8843538 9424431 10281343 10332259 47697417 0.93750 0.92740 0.01640 0.02050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1111681 -26971 1084710 963628 148053 1111681 864947 98681 963628 1047159 -182212 864947 1.00000 0 0 1527944 1527944 37348163 15877813 21470350 3430827 2619641 811186 799674 193475 606199 24415679 CASH AND CASH EQUIVALENTS 2682749 F U.S. GOVERNMENT AND AGENCY OBLIGATIONS 2352806 F DEBT SECURITIES 712066 F MUTUAL FUNDS - EQUITY SECURITIES 1566289 F MUTUAL FUNDS - DEBT SECURITIES 1418264 F BOND FUNDS 461573 F 9193747 DEPOSITS 285600 REFUNDABLE ENTRANCE FEES 290020 CHARITABLE ANNUITY OBLIGATION 469050 ACCRUED GIFT BONDS 2106568 3151238 10349383 10185817 163566 -97502 49819 -47683 115883 9832683 -97502 -97502 9930185 419198 419198 10349383 9716800 0 9716800 469017 469017 10185817 PART XI, LINE 8 - OTHER ADJUSTMENTS: NET INCOME - RESIDENT AIDS FUND, LLC 61,438. NET INCOME - ASSOCIATION OF PRC, LLC -11,619. TOTAL TO SCHEDULE D, PART XI, LINE 8: 49,819. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS AID FUND OF PRC, LLC - TOTAL REVENUE 173,155. ASSOCIATION OF PRC RESIDENTS, LLC - TOTAL REVENUE 246,043. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RESIDENTS AID FUND OF PRC, LLC - TOTAL EXPENSES 234,593. ASSOCIATION OF PRC RESIDENTS, LLC - TOTAL EXPENSES 234,424. X X X 0 0 0 0 0 0 0 0 0 ROBERT R RIGEL 142263 0 0 0 0 0 7168 0 14142 0 163573 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 PER PRC POLICY, THE BOARD CHAIRMAN WILL REVIEW THE ENTIRE FORM 990 WITH ALL BOARD MEMBERS BEFORE IT IS FILED WITH THE IRS. THE CHAIRMAN WILL CONFIRM IN WRITING THAT THE 990 WAS REVIEWED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO AFFIRM ANNUALLY IN WRITING THAT THEY ARE NOT AWARE OF ANY CONFLICTS OF INTEREST WITHIN THE ORGANIZATION. EMPLOYEES SIGN THAT THEY HAVE READ THE POLICY UPON HIRE. THE POLICY IS REVIEWED PERIODICALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S COMPENSATION POLICY REQUIRES THE PRESIDENT'S COMPENSATION BE DETERMINED BY THE DIRECTORS USING COMPARABILITY DATA GATHERED FROM OTHER RETIREMENT COMMUNITIES. ALL DIRECTORS ARE INDEPENDENT WITH REGARD TO THE COMPENSATION AND THE DELIBERATION AND DECISION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE CORPORATE OFFICE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -97,502. TRANSFER IN - CHANGE OF NET ASSETS OF RESIDENTS AID FUND 4,907. TRANSFER IN - CHANGE OF NET ASSETS OF ASSOCIATES OF PRC 18,000. TOTAL TO FORM 990, PART XI, LINE 5: -74,595. OVERSIGHT OF THE AUDIT FORM 990, PART XII, LINE 2C THE ORGANIZATION'S AUDIT COMMITTEE IS RESPONSIBLE FOR THE SELECTION, MONITORING AND EVALUATION OF AN INDEPENDENT AUDIT FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. ASSOCIATION OF PENNEY RETIREMENT COMMUNITY RESIDENTS LLC PO BOX 555 PENNEY FARMS FL 32079 273142533 SUPPORT THE RESIDENTS OF PENNEY RETIREMENT COMMUNITY FL 246043 235454 PENNEY RETIREMENT COMMUNITY RESIDENTS' AID FUND OF PENNEY RETIREMENT COMMUNITY LLC PO BOX 555 PENNEY FARMS FL 32079 SUPPORT THE RESIDENTS OF PENNEY RETIREMENT COMMUNITY FL 173155 337528 PENNEY RETIREMENT COMMUNITY