2011-08-11T12:04:36-07:00 2011-03-31 990 2010-04-01 020519490 KENDAL AT HANOVER I KEND 6036437012 80 Lyme Road Hanover NH 037551218 Rebecca Smith 6036437004 2011-08-11 2010 2016-02-24 21:20:13Z Rebecca A Smith Kendal at Hanover 80 Lyme Road Hanover NH 03755 63201095 0 X www.kah.kendal.org X 1988 NH We offer services that are needed to ensure a vigorous independence. We conduct our business in a manner that includes all residents and respects all opinions. We provide for supportive services, health care, leadership in issues dealing with end-of-life, and activities to meet recreational needs, both as a way to preserve wellness and as a symbol of life at Kendal. 14 14 369 92 0 0 686536 219754 20411974 20507604 1284126 3050065 804975 640308 23187611 24417731 48101 67745 0 0 9872800 10209325 0 0 0 10504961 11578862 20425862 21855932 2761749 2561799 113583336 118578431 94109683 94800408 19473653 23778023 Kendal at Hanover is a not-for-profit continuing care retirement community characterized by mutual respect, integrity and a concern for each other's welfare that fosters the independence, vitality, health and security of older persons and in which residents and staff may exercise their talents in a supportive environment. 0 0 18244515 67745 20507604 Operation of a Continuing Care Retirement Community for the elderly consisiting of 250 independent living apartments, a community center, 56 licensed skilled beds and 56 licensed assisted living bed serving 407 residents. 0 50757 0 Education reimbursement given to 30 employees over the course of the year for continuing education 0 0 0 18244515 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 33 0 1 369 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Brent B Edgerton 6036437004 80 Lyme Road Hanover NH 03755 Virginia Allison 0 X 0 0 0 Roberta J Berner 0 X 0 0 0 Robert B Donin 0 X 0 0 0 Ella A Erway 0 X 0 0 0 Stephen R Marion 0 X 0 0 0 Bryant M Patten 0 X 0 0 0 Stanley A Pelli 0 X 0 0 0 Kathryn Underwood 0 X 0 0 0 Linda J von Reyn 0 X 0 0 0 Michael F Wagner 0 X 0 0 0 F Thomas Wilson 0 X 0 0 0 Arthur Z Gardiner Jr 0 X 0 0 0 John W Kirk 0 X 0 0 0 Anne Page 0 X 0 0 0 Brent B Edgerton 50 X X 151112 0 17521 Rebecca A Smith 50 X X X 213983 0 9385 Diana M Cox 45 X 121848 0 21492 486943 0 48398 3 0 1 0 Engelberth Construction Inc 463 Mountain View Drive Colchester VT 05446 Construction 4582696 Lavallee Brensinger Architects 155 Dow Street Suite 400 Manchester NH 03101 Architect 410549 ARC Mechanical Contractor PO Box 724 229 Depot Street Bradford VT 05033 HVAC 264294 3 0 0 0 0 0 219754 34844 219754 Resident Fees - Apartment 623000 12409391 12409391 0 0 Resident Fees - Healthcare 623000 3771839 3771839 0 0 Amortization Entry Fees 623000 4326374 4326374 0 0 0 0 0 0 20507604 1179743 0 0 1179743 0 0 0 0 0 0 0 0 49675 0 0 0 49675 0 49675 0 0 49675 40652973 713 38772820 10544 1880153 -9831 1870322 0 0 1870322 0 Child Day Care 624410 252444 0 0 252444 Net Assets Released from Restrictions 900099 181660 0 0 181660 Food Service 722210 82972 0 0 82972 73557 73557 0 0 590633 24417731 20581161 0 3616816 0 0 67745 67745 0 0 0 0 362882 0 362882 0 0 0 0 0 7029659 6018368 1011291 0 552795 0 552795 0 1749354 1498294 251060 0 514635 422329 92306 0 341076 281478 59598 0 70757 0 70757 0 36800 0 36800 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34616 1188 33428 0 323846 119933 203913 0 202527 0 202527 0 0 0 0 0 3507835 3507835 0 0 118524 63049 55475 0 0 0 0 56499 19351 37148 0 0 0 0 0 634236 0 634236 0 3402254 3402254 0 0 127033 127033 0 0 Equipment & Repair 467243 460042 7201 0 Food Costs 960660 960660 0 0 Staff Recruitment 17007 17007 0 0 Health Center Related Costs 911589 911589 0 0 Restricted Assets released for operations 181660 181660 0 0 184700 184700 0 0 21855932 18244515 3611417 0 671 821 9658011 15139418 0 0 1338865 1318797 0 0 0 0 0 0 211672 244637 0 0 99857985 36222838 59834351 63635147 0 0 41915766 37619611 0 0 0 0 624000 620000 113583336 118578431 3262551 3645800 0 0 0 0 38673854 37140196 0 0 0 0 0 0 0 0 52173278 54014412 94109683 94800408 X 13794755 17359098 4472785 5172712 1206113 1246213 19473653 23778023 113583336 118578431 X 2561799 1742571 X 0 1 1 X 0 X 471116 606618 462755 686536 219754 2446779 18386704 20105075 22539664 21740931 22990268 105762642 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18857820 20711693 23002419 22427467 23210022 108209421 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 108209421 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Thru Trust 106353 F Callas Cnty Tx 09C 82039 F DC Income Tax 09E 40106 F Dominion Res Inc 40847 F Dominion Resources 86463 F EQT Corp 42912 F FHLMC Arm #1B3221 38146 F FHLMC Arm #1B4645 43042 F FHLMC Arm #1G1028 27044 F FHLMC Arm #1G1616 26758 F FHLMC Arm #1G1662 18301 F FHLMC Arm #1G1710 9457 F FHLMC Arm #1G2408 17471 F FHLMC Arm #1G2480 23806 F FHLMC Arm #1G2598 8889 F FHLMC Arm #1J0309 29292 F FHLMC Arm #1J0513 23268 F FHLMC Arm #1J1197 43701 F FHLMC Arm #1J1317 27160 F FHLMC Arm #1J1543 27788 F FHLMC Arm #1Q0081 16662 F FHLMC Arm #783246 46921 F First Horizon Natl 71044 F First Un Natl Bk 128841 F FNMA 2003-W10-3A5 33490 F FNMA 2003-W12-1A8 62094 F FNMA 2003-W12-2A6 40283 F FNMA Arm #555756 44781 F FNMA Arm #737613 19084 F FNMA Arm #745480 30894 F FNMA Arm #779619 56807 F FNMA Arm #933628 51095 F FNMA Arm #975055 35069 F FNMA Pool #462014 81823 F FNMA Pool #545892 12287 F FNMA Pool #555148 18180 F FNMA Pool #555162 70405 F FNMA Pool #555435 48825 F FNMA Pool #555503 20916 F FNMA 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LP 73249 F State Street Corp 86977 F Time Warner Cable Inc 95998 F Tranocean Inc 87554 F Tyco Intl Finance 29672 F US Treasury Notes 225151 F US Treasury Notes 279978 F Valero Energy Corp 45426 F Verizon Comms Inc 69090 F Vodafone Group PLC 73703 F WBCMT 2005-C22 A4 45172 F WOART 2008-B-A3A 29219 F 3M Company Mtn 107927 F Abbott Labs 125769 F Bank of America Corp 198574 F Bank of NY Mellon 139058 F Barclays Bank PLC 108079 F Berkshire Hathaway Fin 137808 F BNP Paribas 111461 F Bottling Group LLC 63346 F Chevron Corp 66302 F CME Group Inc 66398 F Credit Suisse NY 106760 F Dayton Pwr & Lt 98045 F FHLB 45502 F FHLMC 213846 F FNMA 242057 F Gen Elec Cap Corp 101864 F Gen Elect Cap Corp 115680 F GMAC Inc LLC 138277 F Goldman Sachs Cr Inc 129522 F Johnson & Johnson 105878 F JP Morgan Chase & Co 110744 F Medtronic Inc 33665 F Medtronic Inc 69886 F Merck & Co Mtn 112638 F Microsoft Corp 98875 F Morgan Stanley 196339 F Novartis Cap Corp 33558 F Pepsico Inc 65935 F PNC Funding Corp 70273 F Procter & Gamble Co 120097 F Royal Bank of Canada 1372500 F Shell International 31738 F Shell Intl Fin 55578 F State Street Corp 132297 F TN Valley Auth 101333 F Toyota Motor Credit 68113 F United Parcel Svc 106579 F US Cent Fed Cr 68270 F US Treasury Notes 268037 F US Treasury Notes 59654 F US Treasury Notes 67545 F US Treasury Notes 522958 F US Treasury Notes 416012 F US Treasury Notes 1015410 F Wachovia Corp 121778 F Wal-Mart Stores Inc 105910 F West Corp Fed 52845 F Wyeth 95941 F Less Priority Deposits as of 3/31/11 -620000 F 37619611 Deferred Resident Entry Fees 53554974 Gift Annuities Payable 459438 54014412 24417731 21855932 2561799 1742583 0 0 0 0 1742583 4304382 22172669 0 0 0 0 0 22172669 120139 2124923 2245062 24417731 21674284 0 0 0 0 0 21674284 0 181648 181648 21855932 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Resident assistance, Entry Fee assistance, employee education, music performances, child care assistance: All endowment funds are for the support of Kendal at Hanover's mission. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Audit Footnote: Kendal at Hanov er follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statement. The guidance further prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The application of this standard has no impact on Kendal at Hanover's financial statements. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Contributions $254,598 and Realized Gains on Investments $1,870,325 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Temporary restricted funds transferred to operations $181,648 1 Tuition assistance for employees 30 50757 0 cost Donations to charitable institutions 7 12045 4943 cost donated food expense SchI_P01_S00_L02 Schedule I, Part I, Line 2 Human Resources receives requests for tuition reimbursement from employees. These requests must be approved by employee supervisor, department director and the Executive Director. Policies are in place that dictate how much assistance is available per employee per year based on full or part time status. An agreement is signed between Kendal at Hanover and the employee that they must receive a C or B+ (for graduate work) to keep their reimbursement. Human Resources tracks this. X 0 0 0 0 0 0 0 0 0 Rebecca A Smith 192996 0 20987 0 0 0 0 0 9385 0 223368 0 0 0 Brent B Edgerton 151112 0 0 0 0 0 0 0 17521 0 168633 0 0 0 NH Health & Education Facilities Authority 2004-10-13 13725000 secure lower cost of debt 0 0 0 NH Health & Education Facilities Authority 2004-10-13 15545000 secure lower cost of debt 0 0 0 NH Health & Education Facilities Authority 2008-09-01 16365000 renovations & capital improvements 0 0 0 0 0 13725000 13725000 0 0 0 0 0 0 0 0 2004 0 0 1 1 0 0 15545000 15545000 0 0 0 0 0 0 0 0 2004 0 0 1 1 0 0 16365000 16365000 0 0 0 0 0 16365000 0 0 2011 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X Furniture 8 34844 appraisal 0 0 1 0 F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b Kendal Corporation has to approve any changes in Kendal at Hanover by-laws, additional debt and any resident contract changes. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The 990 is prepared by the Controller and then reviewed by the Associate Executive Director/CFO. It is then shared with the Executive Director/CEO and the Board of Directors for any feedback and/or comments prior to submission. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Our Conflict of Interest Policy states: "Individuals shall not use their positions, or knowledge gained therefrom, in such a way that a conflict would arise between the interest of Kendal at Hanover and that of the individual or entity in which that individual has an interest. Any individual covered by this policy having a potential conflict of interest on any matter should disclose the conflict of interest, abstain from discussion and not use personal influence on the matter. The minutes of the meeting should reflect that a disclosure was made and any abstention from discussion. A full disclosure of all facts pertaining to any transaction that is subject to any doubt concerning the possible existence of a conflict of interest shall be made before consummating the transaction. A full disclosure shall be made annually, or when a potential for a conflict of interest presents itself, concerning the relevant interests, activities, services, investments, and information. An annual disclosure shall be made by survey at the direction of the Audit Committee of the Board of Directors of Kendal at Hanover, or during the year as potential conflicts of interest or perceived conflicts of interest may occur. Relevant and material disclosures on conflicts of interest shall be appropriately noted in the audited financial statement of Kendal at Hanover on an annual basis." F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 It is Kendal at Hanover's Board of Directors' charge to evaluate the Executive Director on an annual basis and approve the compensation for that position. The Executive Director evaluates top managment and their compensation is adjusted annually. All other positions are evaluated annually based on Human Resource's compensation policies and procedures. A market analysis is done annually for all positions. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The annual Disclosure Statement is made available to all current residents and to interested parties on our website. This statement includes the conflict of interest disclosure. The 990 is available on the website, at our reception desk and in our library. The audited financial statements as well as interim financials are available in our library. The audited financial statements are also available on our website. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized gain on Investments $1,742,583 Kendal at Oberlin 600 Kendal Drive Oberlin OH 440741900 341567246 Operate CCRC OH 501(c)(3) 9 N/A Kendal at Ithaca 2230 North Triphammer Road Ithaca NY 14850 521787487 Operate CCRC NY 501(c)(3) 9 N/A Barclay Friends 700 N Franklin St West Chester PA 19380 232088476 Operate CCRC PA 501(c)(3) 3 N/A The Kendal Corporation 1107 East Baltimore Pike Kennett Square PA 19348 232688382 Develop and provide administration for CCRC's PA 501(c)(3) 11 Type III N/A Kendal Charitable Funds 1107 East Baltimore Pike Kennett Square PA 19348 232626425 Manage charitable contributions to primarily benefit affiliates PA 501(c)(3) 7 N/A Kendal-Crosslands Communities PO Box 100 Kennett Square PA 19348 231906212 Operate CCRC PA 501(c)(3) 9 N/A Kendal on Hudson 1010 Kendal Way Sleepy Hollow NY 10591 133971396 Operate CCRC NY 501(c)(3) 9 N/A Kendal at Granville 2158 Columbus Road Granville OH 43023 311657346 Operate CCRC OH 501(c)(3) 9 N/A Kendal at Home 27519 Detroit Road Westlake OH 44145 200548053 Operate Home Care OH 501(c)(3) 9 N/A The Lathrop Communities 100 Bassett Brook Drive Easthampton MA 01027 042996627 Operate over 55 community MA 501(c)(3) 9 N/A Kendal at Lexington 160 Kendal Drive Lexington VA 24450 541795871 Operate CCRC VA 501(c)(3) 9 N/A Lexington Health Investors 160 Kendal Drive Lexington VA 24450 541956103 Operate skilled nursing home VA 501(c)(3) 9 N/A Kendal New York 1010 Kendal Way Sleepy Hollow NY 10591 061656576 Provide support services in operation of Kendal on Hudson & Kendal at Ithaca NY 501(c)(3) 11 Type I N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 The Kendal Corporation m 0 The Kendal Corporation o 777106 invoices