2011-05-15T20:19:44-05:00 2010-06-30 PARENTEBEARD LLC 444 LIBERTY AVENUE SUITE 1800 PITTSBURGH PA 15222 990 2009-07-01 251729925 REDSTONE PRESBYTERIAN SENIORCARE REDS 7248328400 6 GARDEN CENTER DRIVE GREENSBURG PA 15601 RANDY E THORNTON 7248328400 2011-05-13 1 4126976400 2009 2016-02-24 21:20:13Z RANDY E THORNTON 6 GARDEN CENTER DRIVE GREENSBURG PA 15601 24860440 0 X www.redstonehighlands.org X 1980 PA In 2020, Redstone Highlands will be recognized as the premier provider of dynamic senior care services and programs in its service area. Redstone Highlands will earn this position of trust and respect by consistent achievement of financially viable, well-managed facilities and services that insure high quality, healthy and caring environments in which to live, work and volunteer. 14 13 383 280 0 0 451815 599624 22906889 23718206 385511 489985 32331 46759 23776546 24854574 0 0 11990809 13236688 106025 27825 188259 11737790 12340532 23834624 25605045 -58078 -750471 75474144 75342223 81480567 81106352 -6006423 -5764129 Redstone Presbyterian SeniorCare is a Christian, non-profit organization dedicated to providing the living alternatives and high quality services which help to meet the changing needs of the community. 0 0 20119375 23718206 Housing and nursing care for the elderly on three campuses located in Greensburg, North Huntingdon and Murrysville in Westmoreland County, Pennsylvania. The facility includes 77 skilled nursing beds, 133 personal care beds, and 260 independent living apartments. 20119375 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 383 1 0 0 0 0 0 1 1 0 0 0 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X RANDY E THORNTON VP OF FINANCE 7248328400 6 GARDEN CENTER DRIVE GREENSBURG PA 15601 JOHN R DICKSON IV 40.00 X X 188908 0 30000 ANNELIESE PAULY 2.00 X X 0 0 0 REGIS J SYNAN 2.00 X X 0 0 0 REV MARTIN R ANKRUM 2.00 X 0 0 0 JO ANN LIGHTCAP 2.00 X 0 0 0 DR JOHN S PARKER 2.00 X X 0 0 0 LOIS RUNZO 2.00 X 0 0 0 Robert P Schweikert 2.00 X 0 0 0 SARAH LAMONT 2.00 X 0 0 0 DENNIS DIFFENDERFER 2.00 X 0 0 0 Robert Brooks 2.00 X 0 0 0 Robert Carpenter 2.00 X 0 0 0 Jim Gallagher 2.00 X 0 0 0 Rev J Charles MacPherson III 2.00 X 0 0 0 RANDY E THORNTON 40.00 X 101306 0 30000 JAMES W HODGE 40.00 X 101619 0 30000 FRANCIS J KING 40.00 X 101090 0 30000 VICKI L LOUCKS 40.00 X 101423 0 30000 594346 0 150000 5 0 1 0 US Food Services PO Box 643190 Pittsburgh PA 15264 Food 858699 Allegheny Power 800 Cabin Hill Drive Greensburg PA 15601 Utility 572093 Mellott Construction PO Box 670 Cortland OH 44410 Construction 568053 Garda RX 320 Route 22 8 Delmont PA 15626 Pharmacy 279938 LAWN SENSE INC 450 Davidson Road pittsburgh PA 15239 LANDSCAPING 259809 10 5760 593864 599624 RESIDENT SERVICE REVEN 623000 23574309 23574309 ANCILLARY SERVICES 623000 143897 143897 23718206 479582 479582 9175 9175 9175 9175 10403 10403 10403 10403 43450 5760 5866 37584 37584 24854574 23718206 0 536744 350214 350214 10254843 8913782 1259107 81954 199938 165343 33041 1554 1514351 1141408 352876 20067 917342 758616 151597 7129 72953 72953 42612 42612 27825 27825 958744 444130 510444 4170 243637 242812 825 275440 30774 229443 15223 1118614 1118614 118394 69685 47368 1341 3194939 1753457 1441482 2765388 2659936 105452 170510 22355 148155 RESIDENT EXPENSE 1958835 1888120 70715 0 MAINTENANCE AND EQUIPME 739180 686663 52517 0 PROPERTY TAXES 271101 271101 0 0 STAFF TRAINING AND RECR 193203 121189 62704 9310 Miscellaneous 83369 646 82178 545 133613 73556 41741 18316 25605045 20119375 5297411 188259 1800 1800 1574193 1561205 2789231 3473670 79998 690479 370833 73068496 26863436 47106122 46205060 12123469 10096860 8727764 11090782 2461086 2462015 75474144 75342223 1926154 1932407 69732460 68647580 1872231 1872231 7949722 8654134 81480567 81106352 X -7289058 -6991327 236613 101758 1046022 1125440 -6006423 -5764129 75474144 75342223 X 0 1 1 X 0 X 1510873 451815 599624 2562312 21646039 22906889 23718206 68271134 23156912 23358704 24317830 70833446 0 0 0 70833446 1292039 429386 488757 2210182 1292039 429386 488757 2210182 41894 43450 85344 24448951 23829984 24850037 73128972 0.96860 0.96350 0.03020 0.03570 X Schedule A, Part II, Line 12, Explanation of Other Income: SPECIAL EVENTS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1042726 79245 16617 16617 1121971 1028584 14142 44398 44398 1042726 1.00000 0 0 1199200 2710220 3909420 35486659 11919363 23567296 5613357 2268796 3344561 26389608 12448128 13941480 1669452 227149 1442303 46205060 DEBT SERVICE RESERVE FUNDS 6380434 F Act 82 Reserves 2483830 F BENEVOLENT CARE ENDOWMENT 1138588 F BOARD DESIGNATED FUNDS 893343 F DONOR RESTRICTED FUNDS 190950 F RESIDENT FUNDS 3637 F 11090782 SECURITY DEPOSITS 531557 DEFERRED RESIDENCY DEPOSITS 6134232 DERIVATIVE FINANCIAL INSTRUMENT 1988345 8654134 24854574 25605045 -750471 715146 277619 992765 242294 25853205 715146 277619 992765 24860440 -5866 -5866 24854574 25610911 5866 5866 25605045 0 25605045 Part V, Line 4: Description of Intended Use of Endowment Funds: Interest earned through endowment funds are used for long term care for our residents. Part X: Description of Uncertain Tax Positions Under FIN 48: Redstone Presbyterian Seniorcare accounts for uncertainty in income taxes by using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold in 2010 and 2009. Part XI, Line 8 - Other Adjustments: VALUATION GAIN ON DERIVATIVE FINANCIAL INSTRUMENTS: 275097. VALUATION GAIN, BENEFICIAL INTEREST IN PERPETUAL TRUST: 173. VALUATION GAIN, BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS: 2349. Part XII, Line 2d - Other Adjustments: VALUATION GAIN ON DERIVATIVE FINANCIAL INSTRUMENTS: 275097. VALUATION GAIN, BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS: 2349. VALUATION GAIN, BENEFICIAL INTEREST IN PERPETUAL TRUST: 173. Part XII, Line 4b - Other Adjustments: SPECIAL EVENTS EXPENSE: -5866. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENTS EXPENSE: 5866. X X X X 1 TED WOOD ASSOCIATES CONSULTING 0 0 27825 0 27825 SPIRIT OF GIVING GALA 49210 5760 43450 5266 600 49210 5760 43450 5266 600 5866 37584 X 1 1 X 0 0 0 0 0 0 0 0 0 JOHN R DICKSON IV 188908 0 0 0 0 0 0 0 30000 0 218908 0 0 0 Westmoreland County Industrial Development Authority 251433993 961008QB8 2005-11-15 32245000 SERIES 2005A BONDS - VARIOUS RATES FROM 4.3% TO 5.875% THROUGH 1/1/2032 1 0 Westmoreland County Industrial Development Authority 251433993 961008QJ1 2005-11-15 20000000 SERIES 2005B BONDS - VARIOUS RATES FROM 1.52% THROUGH 1/1/2036 1 0 Westmoreland County Industrial Development Authority 251433993 961008QM4 2005-11-15 20000000 SERIES 2005C BONDS - VARIOUS RATES FROM 1.52% THROUGH 1/1/2036 1 0 38190341 2077922 31358738 230701 2032 1 1 1 1 20000000 1322314 20000000 146810 2036 1 1 1 1 20000000 1322314 20000000 146810 2036 1 1 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Form 990, Part VI, Section B, line 11 The 990 is reviewed first by the President/CEO and VP of Finance/CFO, then presented to the Executive Committee and the Budget and Finance Committee of the Board of Directors. Form 990, Part VI, Section B, line 12c ANNUALLY, EACH PERSON THROUGH A QUESTIONNAIRE, MUST DISCLOSE ANY CONFLICT OF INTEREST WHICH MAY EXIST. REPONSES ARE REVIEWED BY THE AUDIT AND CONFLICT OF INTEREST COMMITTEE. Form 990, Part VI, Section B, line 15a Benchmarking of similar size facilities was used to initially determine compensation. The Board's Executive Committee yearly agrees on the level of compensation. Form 990, Part VI, Section C, line 19 POLICIES, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS MAY BE MADE AVAILABLE UPON REQUEST DEPENDING ON NEED. FORM 990, PART XI, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANTS.