2011-11-10T14:45:38-06:00 2010-12-31 DIXON HUGHES GOODMAN LLP POST OFFICE BOX 25849 GREENVILLE SC 296165849 990 2010-01-01 570699090 WESTMINSTER PRESBYTERIAN CENTER INC WEST 8033285000 1330 INDIA HOOK ROAD ROCK HILL SC 297322412 DEBRA PEDERSEN 8033285000 2011-11-09 1 AMY BIBBY 8642885544 2010 2016-03-07 17:11:31Z WESTMINSTER TOWERS DEBRA PEDERSEN 1330 INDIA HOOK ROAD ROCK HILL SC 297322412 12355574 0 X WWW.WESTMINSTERTOWERS.ORG X 1981 SC TO PROVIDE A CONTINUUM OF CARE TO MEET THE NEEDS OF OLDER ADULTS 15 15 303 50 0 0 44683 49313 11462867 11949831 29071 356430 0 0 11536621 12355574 0 0 0 0 5464467 6074207 0 0 8474 5280340 5193507 10744807 11267714 791814 1087860 25088039 26135238 25810890 25358340 -722851 776898 X THE MISSION OF WESTMINSTER PRESBYTERIAN CENTER INC. IS TO PROVIDE A CONTINUUM OF CARE FOR OLDER ADULTS, WHICH PROMOTES A QUALITY LIFESTYLE ENVIRONMENT THAT MEETS RESIDENTS' SPIRITUAL, PHYSICAL, EMOTIONAL AND SOCIAL NEEDS. 0 0 9658620 11949831 THE ORGANIZATION OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDED HOUSING, HEALTH CARE, AND REHABILITATION SERVICES TO APPROXIMATELY 513 SENIOR CITIZENS IN 2010, WHICH REPRESENTED 83,658 DAYS OF SERVICE. IN THE REHABILITATION UNIT (MEDICARE CERTIFIED) SPECIALIZING IN ORTHOPEDIC CARE--PRIMARILY KNEE REPLACEMENTS AND HIP FRACTURE TREATMENT--CARED FOR 224 RESIDENTS FROM SEVEN COUNTIES IN 2010. ALSO IN 2010, THE HOMEBRIDGE UNIT PROVIDED 31,232 HOURS OF COMPANION SERVICES TO 120 CLIENTS. IN PARTNERSHIP WITH HOSPICE AND COMMUNITY CARE, THE ORGANIZATION PROVIDED 4,078 MEALS TO THEIR HOSPICE CLIENTS AT COST. IN PARTNERSHIP WITH GRACE LUTHERAN CHURCH, THE ORGANIZATION PROVIDED 144 HOURS OF WELLNESS AND FITNESS CLASSES TO MEMBER OF THE ROCK HILL COMMUNITY. THE ORGANIZATION ALSO PROVIDED 188 HOURS OF AQUATIC ARTHRITIS CLASSES IN THE ARTHRITIS FOUNDATION CERTIFIED INDOOR SWIMMING POOL AT WESTMINSTER TO MEMBERS OF THE ROCK HILL COMMUNITY.AS A NON-PROFIT, GIVING BACK TO THE COMMUNITY IS IMPORTANT TO THE WESTMINSTER TOWERS FAMILY. WE CURRENTLY OFFER SUPPORT, SPONSORSHIPS, VOLUNTEERS, AND MEETING SPACE TO 78 ORGANIZATIONS IN THE LOCAL COMMUNITY. MEETING THE NEEDS OF THE COMMUNITY IS ALSO IMPORTANT TO OUR RESIDENTS. THEIR HELPING HANDS COMMITTEE FOCUSED ON MEETING THE NEEDS OF FIVE ORGANIZATIONS THROUGH DONATIONS OF SUPPLIES, MONEY, AND THEIR TIME: CHILDREN'S ATENTION HOME, PILGRIM'S INN, ROCK HILL SCHOOL DISTRICT 3, TENDER HEARTS HOUSE OF HOPE AND FOOD PANTRY, AND SAMARITAN'S PURSE. 9658620 1 0 0 0 0 0 0 0 1 1 0 0 1 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 0 0 0 0 0 0 1 0 0 0 0 1 5 0 303 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X X DEBRA PEDERSEN CFO 8033285120 1330 INDIA HOOK ROAD ROCK HILL SC 29732 ELVIN WALKER 2.00 X X 0 0 0 JOHN EASON 2.00 X X 0 0 0 JAMES ARDREY 2.00 X X 0 0 0 JAMES BRIGHT 2.00 X X 0 0 0 JOHN BARNES JR 2.00 X 0 0 0 MANNING BIGGERS 2.00 X 0 0 0 ROBERT BREAKFIELD 2.00 X 0 0 0 MARTY COPE 2.00 X 0 0 0 MERLE CRAFT 2.00 X 0 0 0 GUY DARBY 2.00 X 0 0 0 ROBERT HAYES 2.00 X 0 0 0 SIGMON HUITT 2.00 X 0 0 0 MARSH LEPHEW 2.00 X 0 0 0 JOHN RINEHART 2.00 X 0 0 0 DR RION RUTLEDGE 2.00 X 0 0 0 ANTHONY FOUNTAIN 40.00 X 162093 0 7382 DEBRA PEDERSEN 40.00 X 102508 0 2034 264601 0 9416 2 0 1 0 GENESIS REHABILITATION SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 THERAPY 786722 1 49313 49313 HEALTH CENTER FEES 623000 5900556 5900556 RESIDENT SERVICE FEES 623000 4960754 4960754 ENTRANCE FEES 623000 571212 571212 HOMEBRIDGE REVENUES 623000 496794 496794 CAMPUS HOME HEALTH 623000 4256 4256 16259 16259 11949831 356430 356430 12355574 11949831 0 356430 274018 42369 223175 8474 4581142 3841759 739383 8441 6753 1688 864673 691738 172935 345933 276746 69187 7481 7481 39516 39516 326031 260825 65206 40616 40616 1188472 1124757 63715 394622 390676 3946 54209 43367 10842 3146 3146 996583 986617 9966 913213 904081 9132 140686 140686 THERAPY EXPENSES 756933 756933 PHARMACY AND LABWORK 331367 331367 MISCELLANEOUS EXPENSES 632 632 11267714 9658620 1600620 8474 812071 787638 339074 101116 694496 913092 38984 44806 112301 196296 26398975 11979434 14934424 14419541 5601814 7428518 2554875 2244231 25088039 26135238 855977 742383 5959996 6304054 18790577 18251963 204340 59940 25810890 25358340 X -1597261 -227744 10000 84602 864410 920040 -722851 776898 25088039 26135238 X 1087860 411889 X X 0 1 1 X 0 X 58248 60605 53761 44683 49313 266610 9088908 10255443 10974909 11462867 11949831 53731958 9147156 10316048 11028670 11507550 11999144 53998568 44030 23025 32692 16160 115907 0 44030 23025 32692 16160 115907 53882661 282555 358934 365840 314213 356430 1677972 282555 358934 365840 314213 356430 1677972 16239 16239 9429711 10691221 11394510 11821763 12355574 55692779 0.96750 0.96750 0.03010 0.02960 X 912486 38622 108070 1059178 733297 39214 139975 912486 910314 32134 -196668 9918 2565 733297 0.06100 0.86860 0.07040 0 0 584841 584841 22968180 10658727 12309453 468792 217550 251242 2377162 1103157 1274005 14419541 DEFERRED FINANCING COSTS, NET 584535 BOND RETIREMENT FUND 1659696 2244231 RESIDENT DEPOSITS AND REFUNDS 59940 59940 12355574 11267714 1087860 411889 411889 1499749 12767463 411889 411889 12355574 0 12355574 11267714 0 11267714 0 11267714 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUND IS USED EXCLUSIVELY FOR THE FOLLOWING PURPOSES: 1. LONG-TERM HEALTH CARE FOR EXISTING RESIDENTS WITH FINANCIAL NEED 2. EXTENDED ASSISTANCE TO EXISTING RESIDENTS WITH NEED 3. ADMITTANCE ASSISTANCE FOR FUTURE RESIDENTS WHO CANNOT MEET THE FINANCIAL REQUIREMENTS 4. ADMITTANCE ASSISTANCE TO RETIRED MINISTERS AND MISSIONARIES DESIRING RESIDENCE IN THE TOWERS. ALL DONORS TO THE ENDOWMENT FUND RECEIVE A LETTER THANKING THEM FOR THEIR CONTRIBUTION AND OUTLINING ITS EFFECT. HALF OF THE INTEREST EARNED ON THE FUND IS AUTHORIZED FOR INDIGENT RESIDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CENTER HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CENTER HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2010. FISCAL YEARS ENDING ON OR AFTER DECEMBER 31, 2007, REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. X X X X 0 0 0 0 0 0 0 0 0 ANTHONY FOUNTAIN 139278 0 22815 0 0 0 1102 0 6280 0 169475 0 0 0 SOUTH CAROLINA JOBS ECONOMIC DEVELOPMENT AUTHORITY 570960018 000837031 2005-12-20 14460000 FACILITY RENOVATIONS, REFUNDING 0 0 0 3248500 15177753 1005615 49141 926828 13072766 2009 0 1 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A WESTMINSTER PRESBYTERIAN CENTER IS AFFILIATED WITH WESTMINSTER PRESBYTERIAN CHURCH. THE GOVERNING BODY OF WESTMINSTER PRESBYTERIAN CHURCH MUST APPROVE THE ELECTION OR REMOVAL OF A BOARD MEMBER OF WESTMINSTER PRESBYTERIAN CENTER. FORM 990, PART VI, SECTION A, LINE 7B SEE RESPONSE TO LINE 7A ABOVE. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH OVERSIGHT AND ASSISTANCE BY THE ADMINISTRATIVE STAFF OF THE ORGANIZATION. A COPY OF THE FORM 990 WAS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE ON 9/24/10 AND AFTER A DISCUSSION PERIOD THE FINANCE AND AUDIT COMMITTEE RECOMMENDED TO THE FULL BOARD OF DIRECTORS APPROVAL AND ACCEPTANCE OF THE FORM 990 AS PRESENTED. A COPY OF THE FORM 990 WAS PROVIDED TO EACH VOTING BOARD MEMBER AT THE 10/8/10 BOARD MEETING, PRIOR TO FILING THE FORM 990. AFTER A DISCUSSION PERIOD, THE BOARD VOTED TO APPROVE AND ACCEPT THE FORM 990 AS PRESENTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT IS DISTRIBUTED BY THE CHAIRMAN OF THE BOARD, REVIEWED, ACCEPTED, AND SIGNED BY EACH VOTING BOARD MEMBER ON AN ANNUAL BASIS. PURSUANT TO THIS POLICY, EACH VOTING MEMBER WILL RECUSE THEMSELVES FROM ANY DISCUSSION AND VOTE FOR WHICH A CONFLICT EXISTS FOR THEMSELVES OR MEMBERS OF THEIR FAMILY. THE CHAIRMAN OF THE BOARD IS RESPONSIBLE FOR COLLECTING, ANALYZING, AND REPORTING THE RESULTS OF THE QUESTIONNIARES TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO WILL BE DETERMINED BY THE EXECUTIVE COMMITTEE, AND ANY OTHER BOARD MEMBERS AS APPOINTED BY THE CHAIR AND RECOMMENDED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE COMMITTEE WILL BE COMPOSED OF INDEPENDENT MEMBERS IN BOTH FACT AND APPEARANCE. DUTIES AND RESPONSIBILITIES OF THE COMMITTEE INCLUDE ASSESSING PROGRESS WITH RESPECT TO PERFORMANCE GOALS AND OBJECTIVES RELEVANT TO THE COMPENSATION OF THE CEO AND RECOMMENDING TO THE BOARD COMPENSATION FOR THE CEO. THE COMMITTEE WILL BE EDUCATED WITH ALL ASPECTS OF THE COMPENSATION PACKAGE, INCLUDING BENEFITS. THE COMMITTEE MAY USE INFORMATION FROM A VARIETY OF SOURCES IN DETERMINING COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. IN ADDITION, RECENT FILING OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 PHOTOCOPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 411,889. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WESTMINISTER PRESBYTERIAN CHURCH 1320 INDIA HOOK RD ROCK HILL SC 29732 RELIGIOUS ORGANIZATION SC 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0