2011-06-29T09:41:45-05:00 2010-12-31 LARSONALLEN LLP 600 WASHINGTON AVENUE SUITE 1800 ST LOUIS MO 63101 990 2010-01-01 371032262 EDEN RETIREMENT CENTER INC EDEN 6182885014 400 SOUTH STATION ROAD GLEN CARBON IL 62034 BETH BREIHAN 6182885014 2011-06-28 1 CHAD KUNZE CPA 3149254300 2010 2016-02-24 21:20:13Z BETH BREIHAN 400 SOUTH STATION ROAD GLEN CARBON IL 62034 10599334 0 X N/A X 1979 IL CARE FOR THE ELDERLY OF THE COMMUNITY 14 14 348 10 0 0 6109 4886 9620402 10558639 40172 18743 12231 12732 9678914 10595000 0 0 0 0 4951667 4780157 0 0 0 5607973 5817267 10559640 10597424 -880726 -2424 27275221 26252349 26470901 25447593 804320 804756 X OUR MISSION IS TO SUSTAIN A CULTURE THAT PROMOTES DIGNITY, INDIVIDUALITY AND CARE FOR THOSE WHO LIVE AND WORK AT EDEN VILLAGE. 0 0 6246852 7313489 EDEN RETIREMENT CENTER OPERATES A 138 BED SKILLED NURSING FACILITY (CARE CENTER) AS A NOT-FOR-PROFIT ENTITY FOR THE PRIMARY BENEFIT OF THE EDWARDSVILLE/GLEN CARBON COMMUNITIES AS WELL AS SURROUNDING AREAS. ALL BEDS ARE LICENSED AND CERTIFIED FOR MEDICARE WITH 110 OF THESE BEDS ALSO CERTIFIED FOR MEDICAID ELIGIBLE RESIDENTS. DURING THE YEAR 2010, THE CARE CENTER ENABLED 360 ELDERS TO OBTAIN THE COMPREHENSIVE, QUALITY SKILLED CARE THEY NEEDED. THIS INCLUDED ATTRACTIVE ACCOMODATIONS, EXTENSIVE REHABILITATIVE PROGRAMS PROVIDED BY COMPASSIONATE STAFF, AND INTERACTIVE ACTIVITIES WITH RESIDENTS OF SIMILAR AGE AND ABILITIES. 28% OF OUR SERVICES WERE PROVIDED TO INDIGANT MEDICAID BENEFICIARIES, 13 TO MEDICARE RECIPIENTS AND THE REMAINING 59% TO VARIOUS OTHER SENIORS WITHOUT REGARD TO THEIR ABILITY TO PAY. THE FACILITY OPERATED AT A LOSS IN 2010 AS REVENUES DID NOT KEEP PACE WITH THE GROWING COST OF PROVIDING QUALITY CARE TO OUR RESIDENTS. 1249858 1467019 EDEN RETIREMENT CENTER OPERATES A 74 UNIT ASSISTED LIVING APARTMENT COMPLEX AS PART OF ITS CONTINUING CARE RETIREMENT COMMUNITY. THESE ACCOMODATIONS AND SERVICES ARE SPECIFICALLY DESIGNED TO MEET THE NEEDS OF SENIORS IN THE EDWARDSVILLE/GLEN CARBON COMMUNITIES AS WELL AS SURROUNDING AREAS. DURING 2010, 80 SENIORS ENJOYED THE COMRADERY AND PEACE OF MIND OF OUR ASSISTED LIVING COMMUNITY. 1514917 1778131 EDEN RETIREMENT CENTER OPERATES AN 82 UNIT SENIOR LIVING APARTMENT COMPLEX AND 20 SENIOR LIVING DUPLEXES AS A PART OF ITS CONTINUING CARE RETIREMENT COMMUNITY. THESE ACCOMODATIONS ARE SPECIFICALLY DESIGNED TO MEET THE NEEDS OF SENIORS IN THE EDWARDSVILLE/GLEN CARBON COMMUNITIES AS WELL AS SURROUNDING AREAS. DURING 2010, 111 SENIORS ENJOYED THE COMRADERY OF OUR SENIOR COMMUNITY. OVER HALF OF OUR RESIDENTS PAY SUBSTANTANTIALLY LESS THAN THE CURRENT MARKET RATE FOR SIMILAR ACCOMODATIONS AS A RESULT OF EDEN'S MISSION AND COMMITMENT TO QUALITY SENIOR LIVING IN OUR COMMUNITY. 9011627 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 348 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IL X BETH BREIHAN 6182885014 400 S STATION ROAD GLEN CARBON IL 62034 RON MOORE 2.00 X X 0 0 0 TED EILERMAN 1.00 X X 0 0 0 JANET FOEHRKOLB 1.00 X X 0 0 0 LEN HALEEN 1.00 X X 0 0 0 JOHN DORSEY 1.00 X 0 0 0 DR MAX EAKIN 2.00 X 16800 0 0 PAM HEEPKE 1.00 X 0 0 0 CHARLOTTE FRISBIE 1.00 X 0 0 0 DAN HIGHLANDER 1.00 X 0 0 0 JOHN ROBERTS 1.00 X 0 0 0 DAVID OATES 1.00 X 0 0 0 DON SULLIVAN 1.00 X 0 0 0 TOM WETZEL 1.00 X 0 0 0 KIMBERLY DURR 1.00 X 0 0 0 RON HASSLER 45.00 X 76752 0 0 ELIZABETH BREIHAN 50.00 X 78552 0 0 172104 0 0 0 0 0 0 ALLIANCE REHAB INC 1520 KENSINGTON ROAD OAK BROOK IL 52052 THERAPY SERVICES 513081 1 4886 4886 PATIENT INCOME 623000 8780508 8780508 RENTAL INCOME 623990 1600286 1600286 AMORTIZATION OF ENTRAN 623990 177845 177845 10558639 18743 18743 17066 4334 12732 12732 10595000 10558639 0 31475 172104 16800 155304 3726944 3549776 177168 588466 538288 50178 292643 267689 24954 16790 16790 33350 33350 55377 55377 1102771 1022484 80287 816282 669215 147067 4597 4205 392 1255362 1029187 226175 1013377 830800 182577 162680 133370 29310 OUTSIDE SERVICES 891553 815530 76023 MISCELLANEOUS 156054 156054 REPAIRS & MAINTENANCE 142418 117483 24935 LICENSES, DUES AND SUBS 93314 93314 BAD DEBT EXPENSE 56442 56442 16900 16800 100 10597424 9011627 1585797 0 2786 96716 1073967 837542 19572 21118 85538 64924 34381463 11649876 23579558 22731587 2513800 2500462 27275221 26252349 2575206 2161744 22030000 21650000 1865695 1635849 26470901 25447593 X 797940 798376 6380 6380 804320 804756 27275221 26252349 X -2424 2860 X X 0 1 1 X 0 X 7675 25318 80815 6109 4886 124803 7994680 8328858 8656411 9620402 8780508 43380859 8002355 8354176 8737226 9626511 8785394 43505662 0 0 0 43505662 23017 69782 75878 40172 18743 227592 23017 69782 75878 40172 18743 227592 8025372 8423958 8813104 9666683 8804137 43733254 0.99480 0.99430 0.00520 0.00560 X 292891 292891 30839729 9240985 21598744 3248843 2408891 839952 0 22731587 BOND FUNDS 1774975 DEFERRED FINANCING COSTS 725487 2500462 PATIENT TRUST FUNDS 2794 PRELEASE DEPOSITS 229400 UNAMORTIZED ENTRANCE FEES 1090343 ASSET RETIREMENT OBLIGATION 307462 CHARITABLE GIFT ANNUITY 5850 1635849 10595000 10597424 -2424 7351 -4491 2860 436 10606685 7351 7351 10599334 -4334 -4334 10595000 10601758 4334 4334 10597424 0 10597424 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ORGANIZATION IS NOT SUBJECT TO FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE. THE ORGANIZATION IS CLASSIFIED AS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION UNDER THE CODE AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS CHARITABLE TAX DEDUCTIONS FOR THE CONTRIBUTOR. THE ENTITY FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEAR SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. THE ORGANIZATION'S 2007 THROUGH 2010 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF GIFT ANNUITY PART XII, LINE 4B & PART XIII, LINE 2D - SPECIAL EVENT DIRECT EXPENSES - $4,334 GOLF FUNDRAISING EVENT 11137 11137 1100 2606 178 150 11137 11137 1100 2606 178 150 4034 7103 SOUTHWESTERN ILLINOIS DEVELOPMENT AUTHORITY 371234684 845529AE6 2006-09-14 22390000 FINANCE NEW BUILDING PROJECTS 0 0 0 1140000 22390000 1623965 1272330 725619 18900416 2008 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT WILL REVIEW THE FORM 990, AS PREPARED BY ITS CERTIFIED ACCOUNTING FIRM, PRIOR TO FILING THE RETURN. THE FINANCE COMMITTEE WILL REVIEW THE 990 IN ITS FIRST MEETING SUBSEQUENT TO THE THE FILING DATE AND THE ENTIRE GOVERNING BOARD WILL REVIEW THE 990 AFTER REVIEW BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE FORMS ARE REQUIRED FROM ALL BOARD MEMBERS AND KEY EMPLOYEES. RESTRICTIONS ON PERSONS WITH CONFLICTS REQUIRE THEIR ABSTENANCE FROM VOTING ON ANY MATTERS RELATING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS EVALUATED ANNUALLY BY THE PRESIDENT OF THE BOARD OF DIRECTORS. THE BOARD PRESIDENT OBTAINS ADVICE FROM CONSULTANTS AND EVALUATES THE COMPENSATION OF COMPARABLE POSITIONS THROUGHOUT THE COMMUNITY. THE BOARD PRESIDENT THEN PROVIDES AN ANALYSIS TO THE BOARD OF DIRECTORS AND A SALARY IS AGREED UPON. THE DIRECTOR OF FINANCE IS EVALUATED ANNUALLY BY THE EXECUTIVE DIRECTOR. THE PROCESS IS THE SAME FOR THE DIRECTOR OF FINANCE AS FOR ALL EDEN VILLAGE EMPLOYEES. A POSITION SALARY RANGE HAS BEEN ESTABLISHED BASED ON DATA OBTAINED FROM STATEWIDE SURVEYS. IF THE CURRENT SALARY OF THE INDIVIDUAL IS BELOW THE MAXIMUM FOR THE POSITION, AN ANNUAL RAISE IS WILL BE GIVEN BASED ON REVIEW. THE WAGE INCREASE IS DETERMINED BY POINTS ACCUMULATED FROM A REVIEW DOCUMENT. IF THE INDIVIDUAL IS AT THE MAXIMUM WAGE FOR THE POSITION, NO RAISE IN BASE PAY IS ALLOWED BUT AN ANNUAL LUMP SUM PAYMENT IS GRANTED BASED ON THE AVERAGE PERCENTAGE BUDGETED RAISE FOR ALL EMPLOYEES FOR THE YEAR. THE BOARD OF DIRECTORS APPROVES THE BUDGETED PAY INCREASES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THESE ITEMS HAVE NOT BEEN MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 7,351. CHANGE IN VALUE OF GIFT ANNUITY -4,491. TOTAL TO FORM 990, PART XI, LINE 5: 2,860. FORM 990, PAGE 12, PART XII, LINE 2C NO CHANGES WERE MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE FISCAL YEAR.