2011-11-15T16:04:13-06:00 2010-12-31 990 2010-01-01 951894293 SOUTHERN CALIFORNIA PRESBYTERIAN HOMES SOUT 8182470420 516 BURCHETT STREET GLENDALE CA 91203 BERNARD BASKIN 8182470420 2011-11-11 2010 2016-03-07 17:11:31Z JOHN H COCHRANE III 516 BURCHETT STREET GLENDALE CA 91203 66115971 0 X WWW.SCPHS.COM X 1955 CA WE ARE DEDICATED TO PROVIDING QUALITY HOUSING, HEALTH AND SUPPORT SERVICES, PRIMARILY FOR OLDER ADULTS OF ALL FAITHS THAT ENRICH THE PHYSICAL, SOCIAL AND SPIRITUAL DIMENSIONS OF THEIR LIVES. 17 17 993 462 0 0 490477 316094 54614510 57510971 739356 969028 7271490 7345596 63115833 66141689 13333 1450 55522 61308 32678027 33111620 0 0 0 36582475 35047654 69329357 68222032 -6213524 -2080343 212208580 212243601 206076259 210383608 6132321 1859993 X SOUTHERN CALIFORNIA PRESBYTERIAN HOMES (SCPH) IS DEDICATED TO PROVIDING QUALITY HOUSING, HEALTH AND SUPPORT SERVICES, PRIMARILY FOR OLDER ADULTS OF ALL FAITHS THAT ENRICH THE PHYSICAL, SOCIAL AND SPIRITUAL DIMENSIONS OF THEIR LIVES. SOUTHERN CALIFORNIA PRESBYTERIAN HOMES (SCPH) IS ALSO COMMITTED TO ACTING AS A RESOURCE FOR THE COMMUNITIES IN WHICH WE OPERATE. 0 0 36151281 37444983 SCPH PROVIDES QUALITY HOUSING AND PROGRAMS FOR OLDER ADULTS. IT IS NOT OUR POLICY TO RETAIN RESIDENTS IF THEY OUTLIVE THEIR ASSETS. HOWEVER, WHEN CCRC RESIDENTS ARE FACED WITH FINANCIAL CRISES, THE SCPH BENEVOLENCE PROGRAM, WHICH IS FUNDED BY PHILANTHROPIC EFFORTS, ENABLES THEM TO REMAIN IN SCPH FACILITIES. NO SCPH CCRC CONTRACT RESIDENT HAS EVER BEEN ASKED TO LEAVE BECAUSE OF INABILITY TO PAY. IN SOME CASES, EVEN THE ENTRY FEE IS REDUCED OR WAIVED IF THE ENTERING RESIDENT(S) IS FOUND TO BE IN NEED, HAVING WORKED A LIFE OF SERVICE TO HUMAN KIND DIMINISHING PRESENT AND FUTURE INCOME. THROUGHOUT 2010, SCPH PROVIDED QUALITY HOUSING, SERVICES AND PROGRAMS FOR OLDER ADULTS IN OUR CCRC'S. THE TOTAL RESIDENT POPULATION AS DECEMBER 31, 2010 WAS 998, OF WHICH 714 WERE IN RESIDENTIAL, 140 WERE IN ASSISTED LIVING AND 144 WERE IN SKILLED NURSING. 8669919 16001610 NURSING RELATED EXPENSES FOR SENIORSSCPH PROVIDES 24-HOUR HIGH-QUALITY NURSING CARE AND REHABILITATION SERVICES. IN THE NURSING FACILITIES, SPECIAL EMPHASIS IS PLACED ON THE EMOTIONAL WELL BEING OF THE RESIDENTS AND THEIR FAMILIES DURING A DIFFICULT PERIOD IN THEIR LIVES. SCPH NURSING FACILITIES ALSO INCLUDE BEREAVEMENT AND SUPPORT COUNSELING FOR FAMILIES, AND REFERRAL SERVICES. IN AN EFFORT TO ENSURE THE GREATEST MOBILITY FOR NURSING FACILITY RESIDENTS, A WHEELCHAIR ACCESSIBLE VAN IS PROVIDED, ENABLING NURSING FACILITY MOBILITY IMPAIRED RESIDENTS TO GO WITH AMBULATORY RESIDENTS ON OUTINGS PREVIOUSLY INACCESSIBLE TO THEM. SCPH VANS ARE ALSO AVAILABLE FOR CCRC'S AND LOW-INCOME SENIORS IN OTHER SCPH MANAGED FACILITIES. 1169990 2304618 AFFORDABLE HOUSING FOR LOW INCOME AND VERY LOW INCOME SENIORSWE SERVE THE LOW AND VERY LOW-INCOME SENIOR CITIZENS AND MOBILITY IMPAIRED ADULTS WHO MAKE UP OUR RESIDENT POPULATIONS. IT IS OUR INTENT AND DESIRE TO ASSURE OUR RESIDENTS OF SAFE, AFFORDABLE HOUSING AND TO PROMOTE A SECURE AND SUPPORTIVE ENVIRONMENT. WE STRIVE DAILY TO OBTAIN THE HIGHEST DEGREE OF RESIDENT SATISFACTION; TO PROMOTE INDEPENDENCE AND INDIVIDUALITY, WHILE CULTIVATING A SENSE OF COMMUNITY AND MUTUAL RESPECT; TO EDUCATE AND ADVOCATE SENSITIVITY TO CULTURAL DIVERSITY; TO FACILITATE AN ENVIRONMENT OF OPEN COMMUNICATION; TO ENCOURAGE RESIDENT PARTICIPATION IN ACTIVITIES AND MANAGEMENT DECISION MAKING; AND TO MAINTAIN THE FUNCTION AND APPEARANCE OF OUR FACILITIES AT THEIR HIGHEST LEVELS. WE ARE PROUD OF OUR BUILDINGS AND RESIDENTS. WE REACH OUT AND ADDRESS A DESPERATE HOUSING NEED, WHICH IS INVALUABLE TO THE COMMUNITIES WE SERVE. 2122561 9105356 SCPH HOME CARE FOR SENIORS AND ASSISTED LIVING FOR SENIORSSERVICES ARE PROVIDED TO PEOPLE IN THEIR OWN HOMES AND RESIDENTIAL FACILITIES WHO NEED ASSISTANCE WITH COOKING, CLEANING, SHOPPING, LAUNDRY, TRANSPORTATION, OR COMPANIONSHIP. THIS PROGRAM WAS DEVELOPED IN 1995. THE SERVICE IS OFFERED TO LOW-INCOME SENIORS THROUGH CALIFORNIA'S MSSP FRAIL ELDERLY PROGRAM AS WELL AS TO THOSE WHO PAY PRIVATELY. AS PART OF SCPH'S MISSION TO ENHANCE THE LIVES OF SENIORS, SCPH HAS DEVELOPED TWO STAND-ALONE ASSISTED LIVING FACILITIES. THESE FACILITIES PROVIDE ASSISTANCE TO INDIVIDUALS WHO NEED HELP WITH ACTIVITIES OF DAILY LIVING (ADL'S) SUCH AS BATHING, DRESSING, AMBULATING AND MEDICATION MONITORING. THEY DO NOT NEED 24-HOUR MEDICAL SUPERVISION BUT MAY BENEFIT FROM SPECIALIZED ACTIVITY PROGRAMS OR MEMORY SUPPORT. 2122561 9105356 48113751 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 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 1 0 0 0 1 272 0 1 993 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X DAVID L PIERCE VP OF ACCOUNTINGCONTROLLER 8182470420 516 BURCHETT STREET GLENDALE CA 91203 X DAVID R DECKER ESQ 10.00 X 0 0 0 ALBERT W KELLEY 3.00 X 0 0 0 EDWARD M NEWMAN PHD 3.00 X 0 0 0 JACK W ANDERSON 1.00 X 0 0 0 JAMES R ANDERSON 1.00 X 0 0 0 DONNA BENTON PHD 1.00 X 0 0 0 GWEN CARLSON 1.00 X 0 0 0 JAMES D CASHION CPA 2.00 X 0 0 0 DOROTHY A COLE ESQ 2.00 X 0 0 0 RAND M FERRIS 1.00 X 0 0 0 ELDON F HOLL CPA 1.00 X 0 0 0 PHOEBE S LIEBIG PHD 2.00 X 0 0 0 HELEN MORRAN-WOLF 1.00 X 0 0 0 KAY RUSTAND ESQ 1.00 X 0 0 0 JACK D SAMUELSON 1.00 X 0 0 0 DAVID W STEINMAN CMB 2.00 X 0 0 0 WILLIAM P SCHLARB 1.00 X 0 0 0 JACK PATTON 1.00 X 0 0 0 GERALD W DINGIVAN 0.00 X 0 0 0 JOHN H COCHRANE III 40.00 X 303074 0 185703 SCARLETT OSTERLING 40.00 X 231354 0 131939 DANIEL OGUS 40.00 X 221882 0 146000 BERNARD BASKIN 40.00 X 158001 0 108107 BENJAMIN F BECKLER 40.00 X 176521 0 48724 MARC HERRERA 40.00 X 166530 0 91299 DAVID L PIERCE 40.00 X 187216 0 79079 SALLY LITTLE-WATERMAN 40.00 X 219322 0 13587 ALLEN MEHTA 40.00 X 154125 0 59779 ARTHUR PONTES 40.00 X 145886 0 27383 REBECCA SHEHEE 40.00 X 135585 0 33655 MICHAEL TOWNSEND 40.00 X 157364 0 45510 2256860 0 970765 23 0 1 0 MORRISON MANAGEMENT SPECIALISTS PO BOX 102289 ATLANTA GA 303682289 SENIOR DINING 3919394 SAMATAMASONSMBOLIC 101 S FIRST STREET WEST DUNDEE IL 60118 PUBLIC RELATIONS 751302 MARTINO & BINZER 270 FARMINGTON AVENUE 128 FARMINGTON CT 06032 PUBLIC RELATIONS 636419 JOHNSON FINCH & MCCLURE CONSTRUCTION 9749 CACTUS STREET LAKESIDE CA 92040 CONSTRUCTION 622368 BARNEY & BARNEY PO BOX 85638 SAN DIEGO CA 92186 INSURANCE 556090 47 316094 316094 ELDERLY RESIDENT INCOM 623000 42512009 42512009 ENTRANCE FEE AMORTIZAT 623000 11440375 11440375 MEDICARE/MEDICAID AND 623000 3548805 3548805 FEES AND CONTRACTS FRO 623000 9782 9782 57510971 943309 943309 1 -29152 3434 29152 -3433 25719 25719 MANAGEMENT FEES 900099 7179722 7179722 OTHER MISC INCOME 900099 165874 165874 7345596 66141689 64856567 0 969028 1450 1450 61308 61308 2256860 2256860 23664548 16500614 7163934 1273324 847899 425425 4036578 2857333 1179245 1880310 1311836 568474 3998352 3998352 271002 869 270133 154220 3994 150226 7335130 5356815 1978315 834911 5988 828923 3023274 1978400 1044874 4511918 4503261 8657 302912 168857 134055 273076 60445 212631 7141843 7141843 -1496986 -527695 -969291 7550669 7550669 420640 3896 416744 OTHER MISCELLANEOUS EXP 216752 54491 162261 LICENSES, TAXES 184521 29572 154949 AMORTIZED GOODWILL 133483 133483 DUES & SUBSCRIPTIONS 127942 4428 123514 MISCELLANEOUS ELDERLY E 63995 63995 68222032 48113751 20108281 0 1672635 3354783 9644121 7494076 2601866 2518779 1280972 70500 130210 122939 990646 1093507 240518324 96012400 147125315 144505924 28885993 33575086 555979 555979 19320843 18952028 212208580 212243601 6931001 7552996 75802571 78133139 111770025 110672992 656181 802160 10916481 13222321 206076259 210383608 X 6132321 1859993 6132321 1859993 212208580 212243601 X -2080343 -2191985 X X 0 1 1 X 0 X 335684 279083 1109328 490477 316094 2530666 45034731 47835450 58852107 54614510 57510971 263847769 45370415 48114533 59961435 55104987 57827065 266378435 0 0 0 266378435 2140845 4128804 1379299 771959 943309 9364216 2140845 4128804 1379299 771959 943309 9364216 3143709 7674945 7705369 7271490 7345596 33141109 50654969 59918282 69046103 63148436 66115970 308883760 0.86240 0.83810 0.03030 0.04160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4501072 132980 4634052 4255216 245856 4501072 3532536 722680 4255216 0.23520 0.76480 0 1 1 8131568 8131568 134120783 38980086 95140697 72445413 37999440 34445973 23988157 19032874 4955283 1832403 1832403 144505924 ADVANCES TO AFFILIATES 2292724 FUNDS HELD BY TRUSTEE UNDER BOND 10841664 PREPAID BOND INSURANCE 2934088 DUE FROM COMMUNITY CARE FOR ADULTS 879184 GOODWILL 64612 KIRKWOOD REDDING NOTES RECEIVABLE TO SCPH 544000 INTERCOMPANY PAYABLE 1395756 18952028 DEPOSITS 484599 ACCRUED LIABILITIES 3228406 PENSION 9509316 13222321 66141689 68222032 -2080343 457759 -2649744 -2191985 -4272328 66599448 457759 457759 66141689 0 66141689 68222032 0 68222032 0 68222032 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FASB HAS ISSUED FASB INTERPRETATION (FIN) NO. 48 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109, AS AMENDED. THIS INTERPRETATION CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENT IN ACCORDANCE WITH FASB STATEMENT NO. 109, ACCOUNTING FOR INCOME TAXES. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASURES ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS A RESULT OF THE IMPLEMENTATION OF FIN NO. 48, SCPH AND AFFILIATES HAVE NOT RECOGNIZED AN INCREASE IN THE LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 8 - OTHER ADJUSTMENTS: PENSION REFLECTED CHANGES OTHER THAN NET PERIODIC PENSION COST -3,169,171. NET ASSETS RELEASED FROM RESTRICTIONS - (2415)PURCHASE OF EQUIPMENT 526,993. CURRENT YEAR TRANSFER OF UNRESTRICTED ASSETS (2414) 40,325. TRANSFER OF UNRESTRICTED NET ASSETS -46,909. OTHER (ROUNDING) -982. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 JOHN H COCHRANE III 311424 0 0 0 -8350 0 140969 0 44734 0 488777 0 0 0 SCARLETT OSTERLING 230695 0 0 0 659 0 97650 0 34289 0 363293 0 0 0 DANIEL OGUS 238277 0 0 0 -16395 0 98800 0 47200 0 367882 0 0 0 BERNARD BASKIN 164915 0 0 0 -6914 0 69410 0 38697 0 266108 0 0 0 BENJAMIN F BECKLER 193651 0 0 0 -17130 0 32998 0 15726 0 225245 0 0 0 MARC HERRERA 163140 0 0 0 3390 0 56509 0 34790 0 257829 0 0 0 DAVID L PIERCE 187216 0 0 0 0 0 60854 0 18225 0 266295 0 0 0 SALLY LITTLE-WATERMAN 165614 0 0 0 53708 0 3331 0 10256 0 232909 0 0 0 ALLEN MEHTA 153277 0 0 0 848 0 30135 0 29644 0 213904 0 0 0 ARTHUR PONTES 139886 0 0 0 6000 0 10696 0 16687 0 173269 0 0 0 REBECCA SHEHEE 135585 0 0 0 0 0 17142 0 16513 0 169240 0 0 0 MICHAEL TOWNSEND 157364 0 0 0 0 0 31857 0 13653 0 202874 0 0 0 PART I, LINE 1A HUMAN RESOURCES POLICY HR-116 STATES THAT SCPH WILL REIMBURSE SPECIFIC EXECUTIVE CLASS EMPLOYEES FOR THEIR INDIVIDUAL MEMBERSHIP FEES IN THE HEALTH CLUB OF THEIR CHOICE UP TO THE MAXIMUM ALLOWABLE MONTHLY REIMBURSMENT OF $60, WHICH IS DEEMED REASONABLE. AS PART OF THE RELOCATION AGREEMENT, DATED 7/10/2009, FOR THE NEW PRESIDENT, JOHN H COCHRANE III, SCPH HAS AGREED TO PROVIDE STORAGE AND TEMPORARY HOUSING FOR UP TO SIX MONTHS FROM THE DATE OF THE CONTRACT. SCPH PROVIDED TEMPORARY HOUSING IN A UNIT AT ONE OF THE LOCAL FACILITIES, WINDSOR MANOR, AND STORAGE OF HIS PERSONAL BELONGINGS IN AN OFF-SITE STORAGE FACILITY. PART I, LINE 1B PURSUANT TO HR-116, REIMBURSEMENT REQUESTS ARE TO BE SUBMITTED MONTHLY USING THE STANDARD EXPENSE REPORT FORM. PART I, LINE 6 ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS (IN ITS CAPACITY OF COMPENSATION COMMITTEE) HELPS DEVELOP AND APPROVES THE CORPORATE GOALS THAT ARE USED IN CALCULATING THE COMPANY'S CEO AND SENIOR MANAGEMENT INCENTIVE COMPENSATION. THE EXECUTIVE COMMITTEE IN CONSULTATION WITH THE CEO ESTABLISHES CRITERIA TO BE MET FOR PURPOSES OF ANY INCENTIVE COMPENSATION THAT IS PAID OUT. INCENTIVE COMPENSATION IS CAPPED AT A PERCENT OF SALARY BASED ON POSITION. FOR 2010, THE CRITERIA USED IN CALCULATING INCENTIVE COMPENSATION WERE FINANCIAL PERFORMANCE (EBITDA) COMPARED TO BUDGET, QUALITY MEASURES AND OCCUPANCY GOALS WITH MINIMUM AND MAXIMUM RANGES. ACCRUALS WERE MADE BASED ON HAVING MET SOME OF THESE GOALS IN 2010. INCENTIVE PAYMENTS WERE MADE ON APRIL 26, 2011. FOR ADDITIONAL INFORMATION ABOUT THE METHODOLOGY OF DETERMINING EXECUTIVE COMPENSATION, PLEASE REFER TO SCHEDULE O. CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 1309116L9 2006-12-27 42686770 MAJOR IMPROVEMENT, REDEVELOPMENT AND EXPANSION OF CCRC IN LA JOLLA 0 0 0 CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 130795J57 2009-08-18 76165419 REFUND CHFFAIRB SERIES 1998 BONDS & 2006B BONDS 0 0 0 63017621 4028919 442791 58545911 2008 0 0 0 0 78004591 5718588 3262295 69023708 2009 0 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE K SUPPLENTAL INFORMATION A PORTION OF EACH OF THESE TAX EXEMPT BONDS HAS BEEN ALLOCATED TO A RELATED ORGANIZATION (WESTMINSTER GARDENS FEIN: 95-1644046) OF THIS COMPANY. AS THE CONTROLLING ENTITY, THIS ORGANIZATION IS REPORTING THESE TAX EXEMPT BOND LIABILITIES ON ITS SCHEDULE K IN THEIR ENTIRETY. THE RELATED ORGANIZATION WILL NOT BE REPORTING ANY PORTION OF THESE TAX EXEMPT BOND LIABILITIES. FORM 990, PART VI, SECTION B, LINE 11 THIS 990 WAS PREPARED BY THE ACCOUNTING DEPARTMENT IN THE HOME OFFICE OF SOUTHERN CALIFORNIA PRESBYTERIAN HOMES. IT WAS REVIEWED BY THE ASSISTANT CONTROLLER, VP OF ACCOUNTING & CONTROLLER, AND EXECUTIVE VICE PRESIDENT OF FINANCE & CFO. IT WAS MADE AVAILABLE TO EACH VOTING MEMBER OF THE BOARD OF DIRECTORS ON NOVEMBER 14, 2010 BY PLACING IT ON AN INTERNET PORTAL. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MET ON NOVEMBER 10, 2011 FOR FINAL REVIEW PRIOR TO FILING THIS FORM WITH THE PROPER GOVERNMENT AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C PURSUANT TO COMPANY POLICY HR-101, MANAGEMENT EMPLOYEES AND BOARD OF DIRECTORS ARE ASKED, ON AN ANNUAL BASIS, TO ACKNOWLEDGE AND DECLARE ANY POTENTIAL CONFLICTS OF INTEREST DURING THEIR EMPLOYMENT WITH SCPH BY COMPLETING THE "QUESTIONNAIRE REGARDING POLICY ON CONFLICT OF INTEREST AND DISCLOSURE OF CERTAIN INTERESTS". THIS POLICY IS ENFORCED AND MAINTAINED BY THE HUMAN RESOURCES DEPARTMENT OF THE SOUTHERN CALIFORNIA PRESBYTERIAN HOMES CORPORATE OFFICE. FORM 990, PART VI, SECTION B, LINE 15 A. COMPENSATION FOR THE COMPANY'S CEO IS BASED ON COMPARABILITY DATA RECEIVED FROM AN INDEPENDENT CONSULTANT WHO IS FAMILIAR WITH THE COMPENSATION PRACTICES OF SIMILAR COMPANIES IN THE NONPROFIT SENIOR HOUSING AND SERVICES INDUSTRY. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS (IN ITS CAPACITY AS COMPENSATION COMMITTEE) REVIEWS AND DISCUSSES THE COMPENSATION DATA WITH THE CEO AND OTHERS AS DEEMED NECESSARY. A COMPENSATION SURVEY WAS CONDUCTED IN CONJUNCTION WITH THE CEO SEARCH IN 2009. WHEN SETTING COMPENSATION FOR 2010, THE BOARD OF DIRECTORS BELIEVED THAT THIS STUDY WAS STILL VALID AND USED IT AS A BASIS FOR SETTING MODEST SALARY INCREASES FOR THE CEO AND SENIOR MANAGEMENT, AFTER GIVING DUE CONSIDERATION TO THE INCENTIVE COMPENSATION PLAN. BASED ON THOSE DISCUSSIONS, AND PURSUANT TO CALIFORNIA LAW, THE EXECUTIVE COMMITTEE MAKES A RECOMMENDATION FOR THE CEO BASE COMPENSATION TO THE FULL BOARD. B. BASE COMPENSATION FOR THE COMPANYS SENIOR MANAGEMENT IS DETERMINED BY A SALARY SURVEY CONDUCTED BY AN INDEPENDENT CONSULTANT WITH EXPERTISE IN THE COMPENSATION PRACTICES OF SIMILAR COMPANIES IN THE NONPROFIT SENIOR HOUSING AND SERVICES INDUSTRY. THIS SURVEY WAS CONDUCTED IN CONJUNCTION WITH THE CEO SEARCH IN 2009. WHEN SETTING COMPENSATION FOR 2010, THE BOARD OF DIRECTORS BELIEVED THAT THIS STUDY WAS STILL VALID AND USED IT AS A BASIS FOR SETTING MODEST SALARY INCREASES FOR THE CEO AND SENIOR MANAGEMENT, AFTER GIVING DUE CONSIDERATION TO THE INCENTIVE COMPENSATION PLAN. PURSUANT TO CALIFORNIA LAW THE EXECUTIVE COMMITTEE MAKES A RECOMMENDATION FOR THE CEO BASE COMPENSATION TO THE FULL BOARD AND PROVIDES THE CEO WITH RECOMMENDED RANGES IN WHICH TO ADJUST THE BASE COMPENSATION FOR THE OTHER MEMBERS OF SENIOR MANAGEMENT. ALL MEMBERS OF THE EXECUTIVE COMMITTEE, AND ALL VOTING MEMBERS OF THE BOARD, ARE INDEPENDENT PERSONS. CONTEMPORANEOUS SUMMARY MINUTES OF ALL EXECUTIVE COMMITTEE MEETINGS ARE MAINTAINED. IN ADDITION, BASED ON INPUT FROM INDEPENDENT CONSULTANTS, THE EXECUTIVE COMMITTEE, IN CONSULTATION WITH THE CEO, ESTABLISHES CRITERIA TO BE MET FOR PURPOSES OF ANY INCENTIVE COMPENSATION THAT MIGHT BE PAID OUT. SEE NOTE ON SCHEDULE J FOR MORE INFORMATION ABOUT INCENTIVE PAYMENTS. FORM 990, PART VI, SECTION C, LINE 19 OUR ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN SEVERAL WAYS. THEY ARE AVAILABLE IN OUR ANNUAL FILING OF FORM 990 WHICH THE PUBLIC CAN ACCESS THROUGH THE INTERNET AT SUCH SITES AS GUIDESTAR.ORG AND FOUNDATION CENTER (HTTP://TFCNY.FDNCENTER.ORG/990S/990SEARCH/ESEARCH.PHP). ALSO, DUE TO THE TAX EXEMPT BONDS SOME OF OUR ENTITIES HAVE, OUR FINANCIAL STATEMENTS ARE AVAILABLE FROM OUR TAX EXEMPT BOND ISSUANCE DOCUMENTS ON EMMA. OUR ANNUAL REPORTS AND SEVERAL OTHER DOCUMENTS ARE AVAILABLE ON OUR COMPANY'S WEBSITE AT WWW.SCPHS.COM AS WELL AS OUR CONTACT INFORMATION, WHICH THE PUBLIC CAN USE TO OBTAIN OUR ADDRESS AND PHONE NUMBER TO MAKE THE REQUEST FOR ANY OF THIS INFORMATION BY TELEPHONE, MAIL, OR EMAIL. FORM 990, PART VII, SECTION A THE NUMBER OF HOURS FOR CEO AND CFO REPRESENT TIME SPENT ON THIS ORGANIZATION AND ALL RELATED ORGANIZATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 457,759. PENSION REFLECTED CHANGES OTHER THAN NET PERIODIC PENSION COST -3,169,171. NET ASSETS RELEASED FROM RESTRICTIONS - (2415)PURCHASE OF EQUIPMENT 526,993. CURRENT YEAR TRANSFER OF UNRESTRICTED ASSETS (2414) 40,325. TRANSFER OF UNRESTRICTED NET ASSETS -46,909. OTHER (ROUNDING) -982. TOTAL TO FORM 990, PART XI, LINE 5: -2,191,985. FORM 990, PART XI, LINE 2C DURING FISCAL YEAR 2010, THERE WERE NO CHANGES BY THE AUDIT COMMITTEE IN THEIR PROCESS OF REVIEWING THE AUDITED FINANCIAL STATEMENTS OR THEIR SELECTION OF THE INDEPENDENT AUDITORS. VENICE SENIOR HOUSING CORP DBA ADDA & PAUL SAFRAN SR HOUSING 151 OCEAN FRONT WALK VENICE CA 90291 954607627 LOW INCOME SENIOR HOUSING CA 501(C)(3) LINE 7 0 BEACON SENIOR HOUSING CORP DBA ROSEWOOD COURT 1888 N FAIR OAKS AVE PASADENA CA 91103 311654224 LOW INCOME SENIOR HOUSING CA 501(C)(3) LINE 7 0 CANTERBURY VILLAGE RETIREMENT CORP 23420 AVENIDA ROTELLA SANTA CLARITA CA 91355 953864198 LOW INCOME SENIOR HOUSING CA 501(C)(3) LINE 7 0 CASA DE LA PALOMA 133 S KENWOOD STREET GLENDALE CA 91205 953276173 LOW INCOME SENIOR HOUSING CA 501(C)(3) LINE 7 0 CASTLE ARGYLE 1919 NO ARGYLE AVENUE LOS ANGELES CA 90068 954454256 LOW INCOME SENIOR HOUSING CA 501(C)(3) LINE 7 0 MOUNTAIN PARK TERRACE INC DBA CLARK TERRACE 2660 CLARK AVENUE NORCO CA 92860 954570416 LOW INCOME SENIOR HOUSING CA 501(C)(3) LINE 7 0 SENIOR AFFORDABLE HOUSING CORP #2 DBA CLARK TERRACE II 2680 CLARK AVENUE NORCO CA 92860 311718833 LOW INCOME SENIOR HOUSING CA 501(C)(3) LINE 7 0 SOROPTIMIST GARDENS HOUSING CORP DBA THE GARDENS 333 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