2012-11-15T13:08:55-06:00 2011-12-31 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2000 LOUISVILLE KY 402023445 990 2011-01-01 273168105 MASONIC HOME INDEPENDENT LIVING II INC MASO 5028974907 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 TODD LACY 5028974907 2012-11-13 1 LEE GROZA P00034644 5027491900 2011 2016-02-24 21:20:13Z GARY MARSH 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 2000000 0 X WWW.MASONICHOMESKY.COM X 2010 KY TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES. 5 5 0 5 0 0 0 2000000 0 0 0 0 0 0 0 2000000 0 0 0 0 0 0 0 0 0 913 77399 913 77399 -913 1922601 1324774 50970069 1325687 49172936 -913 1797133 TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES. 0 0 0 0 THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF CONSTRUCTING, OWNING AND OPERATING A SENIOR LIVING COMMUNITY KNOWN AS MIRALEA. MIRALEA WILL CONSIST OF 90 INDEPENDENT LIVING APARTMENTS AND 12 RESIDENTIAL-STYLE PATIO HOMES. CONSTRUCTION OF MIRALEA COMMENCED IN SEPTEMBER 2011. MIRALEA IS EXPECTED TO BE IN OPERATION BY THE END OF 2012. 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 20 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X CATHY KANNAPPLE 5027538800 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 JOSEPH R CONWAY 0.80 X X 0 0 0 MARTIN R WALTERS 0.80 X X 0 0 0 JOHN M SAMMONS 0.80 X X 0 0 0 VIRGIL T LARIMORE JR 0.80 X X 0 0 0 HAROLD E ARMSTRONG 0.80 X 0 0 0 GARY MARSH 2.00 X 0 253920 9611 TODD LACY 2.00 X 0 163120 13450 0 417040 23061 0 0 1 0 0 2000000 2000000 2000000 0 0 0 33459 33459 10479 10479 2005 2005 14469 14469 MISCELLANEOUS 14297 14297 DEVELOPMENT, TRIANING & 2690 2690 77399 0 77399 0 37571 2890512 11653866 0 0 11653866 1287203 36425691 1324774 50970069 437994 2398939 43160651 887693 3613346 1325687 49172936 X -913 1797133 -913 1797133 1324774 50970069 X 1922601 -124555 X X 0 1 1 X 0 X 2000000 2000000 2000000 2000000 2000000 2000000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 10653866 10653866 11653866 CONTRACT ACQUISITION COSTS 1237300 DEFERRED FINANCING COSTS 1226983 OTHER ASSETS 24486 BOND ACCOUNTS 33534373 ACCRUED INTEREST 358405 DUE FROM CORPORATE 44144 36425691 LONG-TERM BONDS 505000 REFUNDABLE DEPOSITS 2742906 ACCRUED INTEREST PAYABLE 365440 3613346 2000000 77399 1922601 -124555 -124555 1798046 0 0 0 0 0 201955 124556 124556 77399 0 77399 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE MORE-LIKELY-THAN-NOT APPROACH AS DEFINED IN THE ACCOUNTING STANDARDS CODIFICATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATIONS 2011 AND 2010 TAX YEARS REMAIN OPEN AND SUBJECT TO EXAMINATION. PART XIII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSSES 124,556. 0 0 0 0 0 0 0 0 0 GARY MARSH 0 246720 0 0 0 7200 0 3299 0 6312 0 263531 0 0 TODD LACY 0 155920 0 0 0 7200 0 5237 0 8213 0 176570 0 0 SUPPLEMENTAL INFORMATION PART III THE RELATED ORGANIZATION, MASONIC HOMES OF KENTUCKY, INC., PAYS THE COMPENSATION TO GARY MARSH AND TODD LACY AND USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION. COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS 2011-08-11 24015000 CONSTRUCTION, DEVELOPMENT AND EQUIPPING OF THE ORGANIZATION 0 0 0 KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS 49126PDS6 2011-08-11 1515000 CONSTRUCTION, DEVELOPMENT AND EQUIPPING OF THE ORGANIZATION 0 0 0 KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS 2011-08-11 17750000 CONSTRUCTION, DEVELOPMENT AND EQUIPPING OF THE ORGANIZATION 0 0 0 23895651 6802226 679374 418318 5125937 10869797 0 0 0 1 1515000 98475 43073 26522 324988 1021943 0 0 0 1 17750000 999625 504648 310732 3807612 12127383 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS FIRST REVIEWED BY INTERNAL MANAGEMENT AND THEN A COPY IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS AND REMOVE THEMSELVES FROM ANY DISCUSSION AND VOTE WHERE THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANYONE; HOWEVER THE RELATED ORGANIZATION USES THE FOLLOWING PROCESS: THEY HAVE AN OUTSIDE INDEPENENT CONTRACTOR DO A REVIEW OF SALARIES AND PROVIDE A SALARY SURVEY. THE FINANCE COMMITTEE USES THIS INFORMATION TO DOCUMENT AND APPROVE THE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -124,555. AUDITED FINANCIAL STATEMENTS FORM 990, PAGE 12, PART XII, QUESTION 2C THE RELATED ORGANIZATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSEES THE AUDIT. THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. HOURS SPENT WITH RELATED ORGANIZATIONS FORM 990, PAGE 7 GARY MARSH AND TODD LACY WORK MORE THAN 40 HOURS EACH WEEK ON AVERAGE WHEN ALL RELATED ORGANIZATIONS ARE AGGREGATED. MASONIC HOMES OF KENTUCKY INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 610458374 TO PROVIDE AND MAINTAIN A HOME FOR WIDOWS OF DECEASED MASONS KY 501 (C) (3) LINE 7 N/A 0 MASONIC RETIREMENT VILLAGE OF TAYLOR MILL INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 311756851 TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR THE ELDERLY KY 501 (C) (3) LINE 9 MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOMES OF KENTUCKY PEDIATRIC DAYCARE INC 3761 JOHNSON HALL DRIVE MASONIC HOME KY 40041 273248085 TO PROVIDE DAYCARE AND PRESCHOOL SERVICES. KY 501 (C) (3) LINE 9 MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOMES COMMUNITY BASED SERVICES INC 4338 13TH STREET ASHLAND KY 41102 273248199 TO PROVIDE SERVICES THAT ENABLE PEOPLE TO REMAIN LIVING IN THEIR HOMES. KY 501 (C) (3) N/A MASONIC HOMES OF KENTUCKY INC 0 MASONIC HOME VILLAGE LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611292420 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME VILLAGE II LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611313979 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME VILLAGE III LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611337667 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME VILLAGE IV LTD 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611399067 RENTAL REAL ESTATE KY N/A 0 0 MASONIC HOME PROPERTIES INC 3761 JOHNSON HALL DR MASONIC HOME KY 40041 611292421 RENTAL REAL ESTATE KY N/A C 0 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0