2011-05-16T09:13:43-05:00 2010-06-30 Moore Stephens Lovelace PA 14400 NW 77th Court Suite 306 Miami Lakes FL 330161507 990 2009-07-01 650091025 Sarasota-Manatee Jewish Housing Council Inc SARA 9413770781 1951 North Honore Avenue Sarasota FL 34235 Darlene Arbeit 9413770781 2011-05-16 1 Karin E Vickers 3058199555 2009 2016-02-24 21:20:13Z Darlene Arbeit 1951 North Honore Avenue Sarasota FL 34235 10023448 0 X www.kobernickanchin.org X 1988 FL The Organization fosters and promotes development of housing and related services to meet the needs of senior adults. 28 28 232 125 6274 -1748 72530 622316 9986275 9275027 34506 6193 10483 64425 10103794 9967961 0 0 4537874 4376212 0 0 6745463 6443000 11283337 10819212 -1179543 -851251 23453526 23678334 39734586 40798659 -16281060 -17120325 The Organization fosters and promotes development of housing and related services to meet the needs of senior adults. 0 0 9344351 9294176 The organization operates Kobernick House, an independent living retirement community consisting of 191 rental apartment units, and the Anchin Pavilion, an assisted living facility consisting of 63 units, of which 26 are for memory impairment. In April 2010, the Council began construction to convert the third floor of Anchin Pavilion into a 50-bed skilled nursing facility. In addition to the independent and assisted living units, the buildings have common areas consisting of dining and activities areas. The Anchin Pavilion is available to residents transferring from the Kobernick House because of their need for a higher level of care, as well as residents from the general community. 9344351 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 1 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 1 82 0 1 232 1 1 1 0 0 0 0 0 0 0 0 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X Darlene Arbeit 9413770781 1951 N Honore Avenue Sarasota FL 34235 Howard Greber 1.00 X X 0 0 0 Steven Greenfield 1.00 X X 0 0 0 Jerry Levinson 1.00 X X 0 0 0 Henry Mason 1.00 X X 0 0 0 Eli Nefussy 1.00 X X 0 0 0 Kenneth Stock 1.00 X X 0 0 0 Mike Ash 1.00 X 0 0 0 Barbara Baseman 1.00 X 0 0 0 Gerard Daniel 1.00 X 0 0 0 Sheila Birnbaum 1.00 X 0 0 0 Marie Brown 1.00 X 0 0 0 Gershom Cohn 1.00 X 0 0 0 Hilda Corman 1.00 X 0 0 0 Ralph Friedland 1.00 X 0 0 0 Judy Gofman 1.00 X 0 0 0 LouAnn Palmer 1.00 X 0 0 0 Ron Hyatt 1.00 X 0 0 0 Audrey Watson-Kaplan 1.00 X 0 0 0 Donna Lerner 1.00 X 0 0 0 Martin Lipton 1.00 X 0 0 0 Elkan Ries 1.00 X 0 0 0 Murray Seitman 1.00 X 0 0 0 Hyman Polakoff 1.00 X 0 0 0 Debbie Yonker 1.00 X 0 0 0 Jack Weintraub 1.00 X 0 0 0 Sally Yanowitz 1.00 X 0 0 0 James Slavin 1.00 X 0 0 0 Nate Benderson 1.00 X 0 0 0 Darlene Arbeit 40.00 X 167500 0 20600 167500 0 20600 1 0 1 0 0 622316 622316 Rental Income 623000 8772976 8772976 Ancilliary Income 623000 341921 335647 6274 Refurbishing Income 623000 160130 160130 9275027 4193 4193 2000 2000 2000 2000 94489 55487 39002 39002 Miscellaneous Income 900099 25423 25423 25423 9967961 9294176 6274 45195 188100 188100 3568499 3568499 286678 286678 332935 332935 26246 26246 36053 36053 70880 70880 314387 314387 778715 778715 40175 5496 34679 2290706 2290706 1039159 1039159 291042 291042 Dietary and Kitchen 704487 704487 Repairs and Maintenance 288345 288345 Licenses, Taxes & Fees 247560 247560 Contract Services 234013 234013 Resident Expenses 19482 19482 61750 59214 2536 10819212 9344351 1474861 0 641966 98488 3269 7581 28385 595523 35494 45596 1391650 193732 33285557 14323694 17655699 18961863 3697063 3775551 23453526 23678334 860309 1504425 803091 692652 37367502 37412362 452933 82674 250751 1106546 39734586 40798659 X -16424875 -17276126 143815 155801 -16281060 -17120325 23453526 23678334 X 0 1 1 X 0 X 200050 395359 544209 595071 622316 2357005 10706237 11263528 10164563 9463734 9275027 50873089 10906287 11658887 10708772 10058805 9897343 53230094 0 0 0 53230094 106078 182179 147660 34506 6193 476616 106078 182179 147660 34506 6193 476616 13209 19798 10483 64425 107915 11012365 11854275 10876230 10103794 9967961 53814625 0.98910 0.98830 0.00890 0.01090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 6528 2083 4445 0 1593268 1593268 24627776 9423184 15204592 5510999 4157020 1353979 1553514 743490 810024 18961863 Deferred Financing Costs 739499 Split Interest Agreements 265637 Debt Service Reserve Fund 1462376 Bond Reserve Fund 1305929 Other Assets 2110 3775551 Intercompany Loans 1106546 1106546 Part IV, Line 1b: The organization maintains trust accounts on behalf of the residents of Anchin Pavilion. The accounts remain the property of the residents and disbursements are made only when requested by the residents. The organization only serves as a custodian because of its fiduciary duty of accountability for the funds. Gala 68810 68810 28546 Festival of Jewish Food 25679 25679 26941 94489 94489 55487 55487 39002 X X X 0 0 0 0 0 0 0 0 0 Darlene Arbeit 167500 0 0 0 0 0 0 0 20600 0 188100 0 0 0 Sarasota County Health Facilities Authority 596000848 80329LBQ1 2007-07-19 38420000 See Schedule O 0 0 37412361 2768307 833904 33210091 600059 1 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 Form 990, Part VI, Section B, line 11 Form 990 is first reviewed and approved by the Finance Committee. The Form 990 is then presented to the Board of Directors for final approval before it is filed. Form 990, Part VI, Section B, line 12c The organization's Finance Committee monitors and enforces compliance with the conflict of interest policy annually. The Finance Committee reviews actual conflicts that are identified by the annual disclosure process and prohibits officers and directors from voting on matters where actual conflicts of interest exist. Form 990, Part VI, Section B, line 15a The Executive Committee determines and recommends the compensation and benefits of the Executive Director to the Board of Directors. The Executive Committee is independent with respect to the compensation arrangement being considered. The Executive Committee utilizes comparability surveys within the same industry as the organization. The final recommendation of the Executive Committee is presented and ratified by the Board of Directors and contemporaneously documented within the Board minutes. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, Line 2c Oversight of Audit and Selection of Independent Accountant The Board of Directors 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. Form 990, Schedule K, Part I, Row A, Columns C & E Series 2007 Bonds: The Series 2007 Bond reported on Schedule K consists of three different bonds. The issue prices and CUSIP numbers of each are; Issue Price CUSIP Number $9,440,000 80329LBN8 $11,410,000 80329LBP3 $17,570,000 80329LBQ1 In the bond documents and in the audited financial statements, these bonds are being accounted for on a combined basis and have been reported on Schedule K in the same manner. Form 990, Schedule K, Part I, Row A, Column F Purpose of Bond Issuance To refinance the Sarasota County Health Facilities Authority's Health Care Revenue Bonds, Series 2005, finance the cost of capital improvements to Kobernick House and Anchin Pavilion, pay certain costs of issuance related to the Series 2007 Bonds, and fund a debt service reserve fund. Jewish Housing Council Foundation Inc 1951 North Honore Avenue Sarasota FL 34235 200910348 Provide financial support to this organization FL 501(c)(3) 509(a)(3), Type I N/A 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 Jewish Housing Council Foundation Inc C 581062 Jewish Housing Council Foundation Inc D 595523 Jewish Housing Council Foundation Inc E 576103