2011-02-08T17:07:53-06:00 2010-03-31 HOSKINS QUIROS OSBORNE LABEAUME CPA LLC 926 LAKE BALDWIN LN ORLANDO FL 32814 990 2009-04-01 237414048 WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION INC WEST 4078395050 80 W LUCERNE CIRCLE ORLANDO FL 32801 HENRY KEITH 4078395050 2011-01-24 true RUSSELL K HOSKINS 4072773000 2011-01-29 2009 2016-02-24 21:20:13Z HENRY KEITH 80 W LUCERNE CIRCLE ORLANDO FL 32801 32121484 false X N/A X 1974 FL WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION SEPARATE FROM WESTMINSTER RETIREMENT COMMUNITIES, INC. AND ITS AFFILIATES, ESTABLISHED TO PROVIDE CHARITABLE FUNDS FOR THE SUPPORT OF NEEDY PERSONS, PROJECTS, AND PROGRAMS AT RETIREMENT COMMUNITIES AND HEALTH CARE FACILITIES OWNED, OPERATED AND MANAGED BY WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. ALL ENDOWMENT FUNDS, BENEVOLENT ASSISTANCE FOR RESIDENTS, INVESTMENTS, AND CERTAIN RELATED LIABILITIES ARE MAINTAINED BY THE FOUNDATION. ALL MEMBERS OF WESTMINSTER RETIREMENT COMMUNITIES, INC.'S BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. 12 12 0 0 2663417 2967776 0 2229947 2423670 0 4893364 5391446 2459561 2608810 0 0 0 253816 504531 542512 2964092 3151322 1929272 2240124 38388586 53608851 7390162 9002262 30998424 44606589 WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION SEPARATE FROM WESTMINSTER RETIREMENT COMMUNITIES, INC. AND ITS AFFILIATES, ESTABLISHED TO PROVIDE CHARITABLE FUNDS FOR THE SUPPORT OF NEEDY PERSONS, PROJECTS, AND PROGRAMS AT RETIREMENT COMMUNITIES AND HEALTH CARE FACILITIES OWNED, OPERATED AND MANAGED BY WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. ALL ENDOWMENT FUNDS, BENEVOLENT ASSISTANCE FOR RESIDENTS, INVESTMENTS, AND CERTAIN RELATED LIABILITIES ARE MAINTAINED BY THE FOUNDATION. ALL MEMBERS OF WESTMINSTER RETIREMENT COMMUNITIES, INC.'S BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. false false 2608810 2608810 GRANTS TO PRESBYTERIAN RETIREMENT COMMUNITIES, INC., WESTMINSTER RETIREMENT COMMUNITIES, INC. AND THEIR AFFILIATES. 2608810 true true false false false false false false true true true true false false false false false false false false false true false true false false false false false false false false true false false false false true true false false true 0 0 false 0 false false false false false false true 2 false false false false 12 12 false true false false true true true true true false false false true true true true true true true false X WESTMINSTER SERVICES INC 4078395050 80 W LUCERNE CIRCLE ORLANDO FL 32801 X AL MCCULLY X 0 0 0 CARYL WOOSLEY X X 0 0 0 EUGENIA SHANNON X 0 0 0 JAMES BOGNER X 0 0 0 JAMES WHITE X 0 0 0 JOHN MILTON V X 0 0 0 MARJORIE PHILLIPS X 0 0 0 MILDRED MCGLAMERY X 0 0 0 NANCY BAUER X 0 0 0 RICHARD STURM X 0 0 0 STEPHEN DYE X 0 0 0 WILLIAM HULL X X 0 0 0 HENRY T KEITH 40.00 X 0 240197 19215 JAMES F EMERSON 40.00 X 0 61859 18095 ROGER STEVENS X 0 250385 19313 552441 56623 2 false true false WESTMINSTER SERVICES INC 80 W LUCERNE CIRCLE ORLANDO FL 32801 MANAGEMENT SERV 362594 1 2967776 239011 2967776 1632928 1632928 27520780 26730038 790742 790742 790742 5391446 2423670 2608810 2608810 362594 108778 253816 INVESTMENT EXPENSE 179918 179918 3151322 2608810 288696 253816 1098 32274 4360181 4166370 818478 867467 32478263 47756740 730566 786000 38388586 53608851 7390162 9002262 7390162 9002262 X 4231583 9486919 6114330 13238725 20652511 21880945 30998424 44606589 38388586 53608851 X false true true X false X X X false false false PRESBYTERIAN RETIREMENT COMMUNITIES INC AND AFFILIATE 590931267 9 false false true 2571610 2 2608809 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false 20652511 1228434 21880945 19947788 704723 20652511 1.00000 true false false ASSETS FOR THE BENEFIT OF OTHERS 5599093 ADVANCES FROM AFFILIATES 3403169 9002262 5391446 3151322 2240124 11368041 11368041 13608165 16579571 11368041 11368041 5211530 179916 179916 5391446 2971406 2971406 179916 179916 3151322 INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 PROVIDE FOR PROGRAMS AND SERVICES FOR RESIDENTS OF WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. NOT-FOR-PROFIT COMMUNITIES. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 NET UNREALIZED GAIN (LOSS) ON INVESTMENTS 11,368,041 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D NET UNREALIZED GAIN (LOSS) ON INVESTMENTS 11,368,041 false PALM SHORES RETIREMENT COMMUNITY 830 NORTH SHORE DR ST PETERSBURG FL 33701 583725912 3 173152 BENEVOLENT ASSISTANC PRESBYTERIAN RETIREMENT COMMUNITIES 80 W LUCERNE CIRCLE ORLANDO FL 32801 590931267 3 1614827 BENEVOLENT ASSISTANC WESTMINSTER SHORES INC 125 56TH AVE ST ST PETERSBURG FL 33705 590714826 3 257950 BENEVOLENT ASSISTANC WESLEY MANOR INC 25 SR 13 JACKSONVILLE FL 32259 590872675 3 180783 BENEVOLENT ASSISTANC RIVERSIDE PRESBYTERIAN HOUSE INC 2020 PARK ST JACKSONVILLE FL 32204 591361949 3 23908 BENEVOLENT ASSISTANC SUNCOAST MANOR RETIREMENT COMMUNITY 6909 9TH STREET S ST PETERSBURG FL 33705 590991279 3 146044 BENEVOLENT ASSISTANC GEORGIA BELLE APARTMENTS INC 301 E CAROLINA ST TALLAHASSEE FL 32303 591300852 3 5197 BENEVOLENT ASSISTANC WESTMINSTER SERVICES INC 80 W LUCERNE CIRCLE ORLANDO FL 32801 593614812 3 198855 BENEVOLENT ASSISTANC OTHER GRANTS UNDER 5000 8094 BENEVOLENT ASSISTANC 15 X X X X false true false false false false false false false HENRY T KEITH 223067 17130 2571 16644 259412 ROGER STEVENS 225938 24447 2669 16644 269698 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 JAMES F. EMERSON 0 339,681 0 X 1 224011 MARKET VALUE X 1 6000 COMPARABLE MOBILE HOME X PIANO 1 9000 JIM'S PIANO&ORGAN SERVICE false true false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION SEPARATE FROM WESTMINSTER RETIREMENT COMMUNITIES, INC. AND ITS AFFILIATES, ESTABLISHED TO PROVIDE CHARITABLE FUNDS FOR THE SUPPORT OF NEEDY PERSONS, PROJECTS, AND PROGRAMS AT RETIREMENT COMMUNITIES AND HEALTH CARE FACILITIES OWNED, OPERATED AND MANAGED BY WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. ALL ENDOWMENT FUNDS, BENEVOLENT ASSISTANCE FOR RESIDENTS, INVESTMENTS, AND CERTAIN RELATED LIABILITIES ARE MAINTAINED BY THE FOUNDATION. ALL MEMBERS OF WESTMINSTER RETIREMENT COMMUNITIES, INC.'S BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. MANAGEMENT DELEGATED FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD OF DIRECTORS DELEGATED CONTROL OF MANAGEMENT DUTIES TO WESTMINSTER SERVICES, INC. AN AFFILIATED NOT-FOR-PROFIT. CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS WESTMINSTER RETIREMENT COMMUNITIES, INC. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A WESTMINSTER RETIREMENT COMMUNITIES, INC. MAY ELECT ONE OR MORE MEMBERS OF THE BOARD OF DIRECTORS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B WESTMINSTER RETIREMENT COMMUNITIES, INC. MUST APPROVE DISSOLUTION OF THE ORGANIZATION, SALE OF SUBSTANTIAL ASSETS, NEW BOARD MEMBERS OR REPLACEMENT OF THE MANAGEMENT COMPANY. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11 THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE 990 BEFORE IT IS FILED. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED ANNUALLY BY THE BOARD OF DIRECTORS, OFFICERS AND EMPLOYEES. WITH A CENTRALIZED ACCOUNTS PAYABLE AND PAYROLL SYSTEM, THE MANAGEMENT COMPANY MONITORS ALL PAYMENTS AND TRANSACTIONS WITH VENDORS. IN ADDITION, THE ORGANIZATION HAS A TOLL-FREE COMPLIANCE HOTLINE THAT CAN BE USED BY BOARD MEMBERS OR STAFF TO REPORT ANY ISSUES. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A SEE BELOW COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION UTILIZES NUMEROUS SALARY SURVEYS WITH LIKE-KIND ORGANIZATIONS TO DETERMINE THE PROPER SALARY/WAGE AMOUNT FOR EACH EMPLOYEE. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. ADDITIONAL INFORMATION SCHEDULE O BOND OBLIGATIONS: THE FOLLOWING TAX-EXEMPT BONDS WERE ISSUED FOR "THE OBLIGATED GROUP" LISTED BELOW. EACH MEMBER OF THE OBLIGATED GROUP HAS RECORDED THEIR PORTION OF THE BONDS BASED ON THE EXPECTED USE OF THE BOND PROCEEDS. ALL MEMBERS OF THE OBLIGATED GROUP ARE INDIVIDUALLY AND COLLECTIVELY OBLIGATED UNDER THE TERMS OF THE BONDS. BOND ISSUES: ISSUER NAME DATE ISSUED ISSUE PRICE 2004A ST. JOHNS COUNTY INDUSTRIAL DEVELOPMENT AUTH 8/11/04 31,590,000 2006A ORANGE COUNTY HEALTH FACILITIES AUTHORITY 1/26/06 41,630,000 2006B ORANGE COUNTY HEALTH FACILITIES AUTHORITY 1/26/06 33,830,000 2009 CITY OF ST. PETERSBURG HEALTH FACILITIES AUTH 2/12/09 15,000,000 OBLIGATED GROUP MEMBERS AND EMPLOYER IDENTIFICATION NUMBERS (EIN) PRESBYTERIAN RETIREMENT COMMUNITY, INC. 59-0931267 WESTMINSTER SHORES, INC. 59-0714826 SUNCOAST MANOR RETIREMENT COMMUNITY, INC. 59-0991279 WESLEY MANOR, INC. 59-0872675 PALM SHORES RETIREMENT COMMUNITY, INC. 58-3725912 WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. 23-7414048 WESTMINSTER SERVICES, INC. 59-3614812 FUND RAISING COSTS: ALL OF WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC'S FUNDRAISING ACTIVITIES ARE FUNDED BY WESTMINSTER SERVICES, INC. (59-3614812). WESTMINSTER SERVICES, INC'S FUNDRAISING COSTS ARE APPROXIMATELY 1,031,600. WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. PAID WESTMINSTER SERVICES, INC. MANAGEMENT FEES OF 362,594. 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