2011-02-23T08:01:47-06:00 2010-06-30 PARENTEBEARD LLC 220 REGENT COURT SUITE C STATE COLLEGE PA 16801 990 2009-07-01 251542218 Foxdale Village Corporation FOXD 8142383322 500 EAST MARYLYN AVENUE STATE COLLEGE PA 16801 COREY HAMILTON 8142383322 2011-02-22 1 JULIUS GREEN 5703236023 2011-02-21 2009 2016-02-24 21:20:13Z X COREY HAMILTON 500 EAST MARYLYN AVENUE STATE COLLEGE PA 16801 12652683 0 X WWW.FOXDALEVILLAGE.ORG X 1986 PA Foxdale Village is a not-for-profit Quaker-directed continuing care retirement community. 15 14 171 100 0 0 684561 360345 9620471 10328898 140140 253310 43426 43301 10488598 10985854 55106 0 5978186 5941429 0 86307 3541903 3545052 9520089 9541587 968509 1444267 20208080 25931784 16875050 20332754 3333030 5599030 Foxdale Village is a not-for-profit Quaker-directed continuing care retirement community. Through community services and programs, Foxdale provides for the social, spiritual, nutritional, residential, wellness and health care needs of older people at reasonable cost while providing a supportive working environment for employees. Our community is based on Quaker values and Quaker conviction that all people are to be treated with dignity and loving respect. 0 0 8121781 10328898 In 2010 Foxdale Village celebrates its 20th anniversary as a continuing care retirement community dedicated to serving men and women over the age of 65 in State College Pennsylvania. Foxdale's mission is to promote wellness and independence throughout the course of a lifespan. To achieve this goal and that of its role as a CCRC, Foxdale provides or makes available for a modest fee housing, health care, therapeutic recreation, exercise programs, an on site clinic and other related services. The majority of Foxdale residents live in cottages but are able to move into nursing or personal care facilities as appropriate to their situation. Foxdale has 32 licensed nursing beds, 35 personal care units and 148 residential living apartments. In the 2010 fiscal year, Foxdale served 264 residents and their families while employing over 250 individuals. Foxdale is in the midst of a $40 million expansion which will add 57 apartments, a memory support neighborhood, additional personal care rooms and a renovated community building housing the cafe and other services.Founded by a group of State College Friends, Foxdale Village is guided by Quaker principles and is the caring community those founders envisioned. That care is evident among residents through the breadth and depth of activities of the Resident's Association, individual resident volunteers, their family members, and in the staff who serve residents. That care also extends to Centre County and beyond as residents and staff engage in an array of volunteer and philanthropic activities. Foxdale residents volunteer and spearhead activity for an array of local nonprofits. Administrators and staff serve on and lead boards, speak to groups about healthy aging and life transitions, participate in mentoring programs for aspiring college students and other professionals in the health care field and much more. Thanks to the philanthropic vision of the first board and gifts from residents, family members and others, The Community Fund is available to aid residents with the cost of care should their financial fortunes change. Residents and others have also employed philanthropy to honor and thank employees for their exemplary service by supporting three funds that provide no-interest loans, support housing costs or fund continuing education. Thanks to the exemplary efforts of staff, 47% of whom have worked at Foxdale for over five years, Foxdale continues to be one of the highest rated health care providers in the Centre County region. Year after year, the survey results of the various governing agencies, along with the comments from Foxdale residents and their families, affirm the organization's commitment to its residents and mission statement. To ensure the quality of service to residents, Foxdale participated in a quality improvement program regarding various risk management topics in 2010. Foxdale ranked in the top twenty-fifth percentile of all the communities participating. Foxdale's neighborhoods and beautiful grounds, opportunities for intellectual engagement, and commitment to sustainability are just a few of the reasons residents and others highly rate Foxdale.From a financial perspective, Foxdale is on firm footing. Foxdale has maintained a positive increase in cash from operations and investments despite the overall downturn in the investment market. The 2010 fiscal year resulted in a 94% occupancy rate while the waiting list remains strong with 150 perspective residents. Twenty of these residents plan on moving to Foxdale in the next twelve months. Thanks to this strong position, Foxdale has been able to continue to invest in ongoing infrastructure improvements. Planning has continued to take place in the past year for the future of Foxdale. The board has authorized a new strategic plan and also approved the expansion project mentioned earlier. To view site plans, floor plans, a video rendering and Web cam access to daily construction progress please visit: http://foxdalevillage.org/expansion.html. 8121781 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 22 0 1 171 0 0 0 0 0 0 0 0 0 0 15 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X COREY HAMILTON 8142383322 500 east marylyn avenue state college PA 16801 Lydia Abdullah 2.00 X 0 0 0 John Buzzell 2.00 X 0 0 0 Gary Fosmire 2.00 X 0 0 0 Jason Fralick 2.00 X 0 0 0 Lynne Grutzeck 2.00 X 0 0 0 Loretta Jeffreys 2.00 X 0 0 0 Bruce knox 10.00 X 0 0 0 peter marshall 2.00 X 0 0 0 Gregory Olsen 2.00 X 0 0 0 Libby pennock 2.00 X 0 0 0 Robert Schrauf 2.00 X 0 0 0 Mardy Shaw 2.00 X 0 0 0 Richard Shaw 2.00 X 0 0 0 Anne Sidone 10.00 X 0 0 0 Myra Sletson 2.00 X 0 0 0 Corey Hamilton 40.00 X 92562 0 20059 William James 40.00 X 164195 0 27208 256757 0 47267 1 0 1 0 REESE LOWER PATRICK & SCOTT 1910 Harrington Drive LANCASTER PA 17601 ARCHITECT SERVICES 1985770 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 REHAB/THERAPIES 245746 PARENTEBEARD LLC 220 REGENT COURT SUITE C STATE COLLEGE PA 16801 BUSINESS ADVISORY SERVICES 140989 3 360345 25600 360345 Resident serv revenues 623000 10321498 10321498 APPLICATION FEES 623000 7400 7400 10328898 165716 165716 18012 4429 13583 13583 13583 1749994 1662400 87594 87594 87594 GUEST HOUSE REVENUE 721000 16213 16213 GIFT SHOP REVENUE 453220 7217 7217 MISCELLANEOUS REVENUE 900099 6288 6288 29718 10985854 10328898 0 296611 55106 55106 304025 304025 3983700 3555204 363593 64903 124584 100264 24026 294 1187939 1115998 63233 8708 341181 288292 46487 6402 6244 6244 213244 125605 87639 147018 11448 135570 288292 242430 39862 6000 133909 64999 68910 644538 644538 40890 29808 11082 44496 12497 31999 24431 24431 652413 652413 74763 74763 FOOD 380582 380582 PHARMACY 343551 343551 THERAPY 245434 245434 REPAIRS AND MAINTENANCE 110753 109783 970 NURSING HOME ASSESSMENT 38441 38441 156053 74713 81340 9541587 8121781 1333499 86307 898 898 1788891 986228 534482 97490 163508 474200 151669 176735 19603848 7512304 9619637 12091544 7772396 11718741 242617 319930 20208080 25931784 793014 913474 13891243 15911071 1650000 1600000 166224 1500000 374569 408209 16875050 20332754 X 1666108 3505935 1666922 2008605 84490 3333030 5599030 20208080 25931784 X 0 1 1 X 0 X 40602 96099 134922 684561 360345 1316529 8054520 8671487 9378479 9620471 10331478 46056435 8095122 8767586 9513401 10305032 10691823 47372964 0 0 0 47372964 341813 379758 380797 165434 181148 1448950 341813 379758 380797 165434 181148 1448950 36129 30558 29718 96405 8436935 9147344 9930327 10501024 10902689 48918319 0.96840 0.96520 0.02960 0.03340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 942828 942828 12842426 6189204 6653222 2562881 1323100 1239781 3255713 3255713 12091544 UNEARNED RESIDENT AND HEALTHCARE FEES 89102 REFUNDABLE DEPOSITS 236000 PRIORITY FEE DEPOSITS 83107 408209 10985854 9541587 1444267 807433 14300 821733 2266000 11812016 807433 14300 821733 10990283 -4429 -4429 10985854 9546016 4429 4429 9541587 0 9541587 Part X: Description of Uncertain Tax Positions Under FIN 48: The Corporation accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate tax authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Management has determined that there were no tax uncertainties that met the recognition threshold in 2010 and 2009. Part XI, Line 8 - Other Adjustments: Change in value of charitable gift annuities: 14300. Part XII, Line 2d - Other Adjustments: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES: 14300. Part XII, Line 4b - Other Adjustments: RENTAL EXPENSE: -4429. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES: 4429. 1 Financial assisistance to Foxdale residents. 4 55106 0 CASH n/a Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Requests for assistance are made initially through the Director of Financial Services who will take the request to the Community Fund Assistance Committee for review. The Committee consists of the Executive Director, the Director of Financial Services, and the Clerk of the Foxdale Corporate Board. The Committee will make a decision pertaining to assistance based on complete information on the resident's financial circumstances. The decision will be based on the resident maintaining a reasonable standard of living. The Director of Financial Services will review the subsidy on a periodic basis based on increases in cost of living, Foxdale's fees and the resident's income. X X X 0 0 0 0 0 0 0 0 0 William James 164195 0 0 0 0 0 0 0 27208 0 191403 0 0 0 DENNIS AND STEVE HAMILTON FATHER AND BROTHER OF THE DIRECTOR OF FINANCIAL SERVICES 10890 Both the Maintenance and Environmental Services departments purchase goods and services from Top to Bottom Interiors which is owned and operated by the father and brother of the Director of Financial Services. In the 2009/2010 fiscal year the purchases were primarily for carpet installation along with window coverings which are used in resident apartments. All of these services and purchases were made by the Directors for Maintenance and Environmental Services with no involvement from the Director of Financial Services. These transactions were conducted at arm's length and fair market value compensation was paid for material and services. 0 MYRA SLETSON BOARD MEMBER 0 Northwest Savings Bank has been chosen as the lead lender for Foxdale's expansion project. Northwest was asked to bid on the project along with over seven other banks. Foxdale hired an independent financial advisor to assist the Board in evaluting the proposals and to make a final proposal to the Board. Both the financial advisor and the Board felt that Northwest Savings Banks proposal was the best of all the banks. Myra is a loan officer at Northwest Savings Bank and will be the lender on the account. Myra did not participate in any of the discussions relating to the financing. 0 X PATIO ENCLOSURE 4 25600 SEE SCHEDULE O 0 0 0 Form 990, Part VI, Section A, line 2 Mardy Shaw is the mother of Richard Shaw. Both of these individuals are members of our Board of Directors. Form 990, Part VI, Section B, line 11 The information used in the 990 was prepared primarily by the director of Financial Services who provided this information to the auditing firm ParenteBeard. ParenteBeard prepared the 990 and submitted it back to the Finance and Property Committee where it was reviewed at the November Committee meeting. The Committee then forwarded the document to the Board of Directors for their December meeting at which time it was approved. After approval, ParenteBeard was asked to submit the 990 to the IRS. Form 990, Part VI, Section B, line 12c All Board members and key employees must submit a conflict of interest statement and these statements are reviewed by each Board member at their August meeting. Individual Board members are encouraged to ask questions regarding anyone with a conflict at that meeting and the Board would decide if they feel the conflict is large enough to require action. No such conflict existed in 2009/2010. Form 990, Part VI, Section B, line 15 The Board of Directors reviews and approves the salary for the Executive Director on an annual basis. The primary tool for comparitive purposes are annual salary surveys. All other employee compensation rates established by the Executive Director and the Director of Human Resources. They also use annual salary surveys for establishing compensation rates as well and they also use comparitive data from local sources. Form 990, Part VI, Section C, line 19 These documents are available by request from the Administration of Foxdale Village and have been included in Board Meeting packets when they are reviewed, changed and approved. The Board Meeting packets are available to the public in the Foxdale Village library. AMENDED RETURN FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES WAS AMENDED TO ALLOCATE SALARIES AND BENEFITS FOR THE ORGANIZATION'S DEVELOPMENT OFFICER AND RELATED OFFICE SUPPLY EXPENSES FROM MANAGEMENT AND GENERAL EXPENSES TO FUNDRAISING EXPENSES.