2011-05-11T13:52:09-05:00 2010-12-31 LARSONALLEN LLP 101 N TRYON STREET SUITE 1000 CHARLOTTE NC 28246 990 2010-01-01 620698709 PRESBYTERIAN HOMES OF TENNESSEE INC PRES 8656903411 801 VANOSDALE ROAD KNOXVILLE TN 37909 WILLIAM R THOMAS JR 8656903411 2011-05-06 1 7049985200 2010 2016-02-24 21:20:13Z WILLIAM R THOMAS JR 801 VANOSDALE ROAD KNOXVILLE TN 37909 29824091 0 X WWW.SHANNONDALETN.COM X 1968 TN THE ORGANIZATION OWNS AND OPERATES TWO CONTINUING CARE RETIREMENT COMMUNITIES. 16 15 634 0 0 0 571721 468834 28999298 29350996 150090 -103035 57918 107296 29779027 29824091 6654 0 0 0 15387362 16319917 0 0 0 11958129 11946505 27352145 28266422 2426882 1557669 64856613 65617283 47738277 46109174 17118336 19508109 THE ORGANIZATION IS AN EXEMPT ORGANIZATION RELATED TO THE PRESBYTERIAN CHURCH OF TN. THE ORGANIZATION OWNS AND OPERATES TWO CONTINUING CARE RETIREMENT COMMUNITIES CONSISTING OF RESIDENTIAL RETIREMENT COMPLEXES, ASSISTED LIVING FACILITIES, AND SKILLED NURSING FACILITIES. 0 0 17474114 21668303 EXPENSES RELATED TO PROVIDING SKILLED NURSING AND RELATED HEALTH CARE SERVICES TO THE ELDERLY. THERE ARE 244 RESIDENT BEDS AVAILABLE AND 86,359 DAYS OF SERVICES WERE PROVIDED. 4637050 4244768 EXPENSES INCURRED PROVIDING RETIREMENT HOME AND RELATED SERVICES TO THE ELDERLY. 66,027 DAYS WERE PROVIDED. 2662271 3437925 EXPENSES INCURRED PROVIDING ASSISTED LIVING AND RELATED SERVICES TO THE ELDERLY. THERE ARE 84 PATIENT BEDS AND 27,817 DAYS WERE PROVIDED. 24773435 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 25 0 634 1 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GLEN MCDANIEL 8656903411 801 VANOSDALE ROAD KNOXVILLE TN 37909 WILLIAM REEVES 1.00 X 0 0 0 CHARLES WEST 1.00 X 0 0 0 SANDY MARTIN 1.00 X 0 0 0 JOE COLQUITT 1.00 X 0 0 0 CRAIG JARVIS 1.00 X 0 0 0 WILLIAM HURT 1.00 X 0 0 0 DALE KEASLING 1.00 X 0 0 0 FRANK MYERS 1.00 X 0 0 0 GAINES PITTENGER 1.00 X 0 0 0 MIKE DALTON 1.00 X 0 0 0 CARSWELL HUGHS 1.00 X 0 0 0 CATHERINE BEALS 1.00 X 0 0 0 ROBERT KILLEFER 1.00 X 0 0 0 MARY ALICE TUCKER 1.00 X 0 0 0 DOUG OVERBEY 1.00 X 0 0 0 DEBBIE JONES 1.00 X 0 0 0 WILLIAM R THOMAS JR 37.50 X 204885 0 20425 TODD TAYLOR 37.50 X 106102 0 10610 DAVID MAXWELL 37.50 X 94065 0 9335 PEGGY SMITH 37.50 X 71348 0 7134 476400 0 47504 2 0 1 0 0 468834 468834 GENERAL SERVICE FEES 623000 23520249 23520249 5830747 5830747 29350996 -103035 -103035 MEALS 623000 81815 81815 25481 25481 107296 29824091 29350996 0 4261 12794140 11513562 1280578 1034909 931324 103585 1516441 1364659 151782 974427 876896 97531 81211 81211 102329 102329 25583 25583 917673 860097 57576 25863 25863 4043875 4007788 36087 110654 32919 77735 2708663 2708663 24106 2651 21455 32988 26089 6899 460127 460127 2433489 2433489 LICENSES & DUES 584086 584086 RECRUITMENT & TRAINING 25409 25409 EQUIPMENT EXPENSE 15165 15165 BAD DEBT 9259 9259 346025 133 345892 28266422 24773435 3492987 0 837345 1008746 2420750 1776155 7518 1654549 1540941 170461 183988 18985 80953 81264989 27381216 55021698 53883773 4453625 6855989 271682 286738 64856613 65617283 447396 657424 31987862 31336950 12199707 11166654 93079 3010233 2948146 47738277 46109174 X 16553970 19040840 564366 467269 17118336 19508109 64856613 65617283 X 1557669 832104 X X 0 1 1 X 0 X 113132 68177 259835 571721 468834 1481699 25035741 26479811 28003027 28999298 29350996 137868873 25148873 26547988 28262862 29571019 29819830 139350572 0 0 0 139350572 81048 111170 130963 69148 -103035 289294 81048 111170 130963 69148 -103035 289294 94247 241791 131473 139979 107296 714786 25324168 26900949 28525298 29780146 29824091 140354652 0.99280 0.99020 0.00210 0.00450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1914535 1914535 72161407 24900514 47260893 1545119 533169 1011950 5335544 1841120 3494424 308384 106413 201971 53883773 LONG TERM INVESTMENTS 6855989 F 6855989 ACCRUED PENSION LIABILITIES 2948146 2948146 29824091 28266422 1557669 786449 45655 832104 2389773 30753292 832104 269935 1102039 29651253 172838 172838 29824091 28266422 0 28266422 0 28266422 PART XI, LINE 8 - OTHER ADJUSTMENTS: OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS 45,655. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS USED FOR OPERATIONS 269,935. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 172,838. 1 X X X 0 0 0 0 0 0 0 0 0 WILLIAM R THOMAS JR 204255 0 0 0 630 0 20425 0 0 0 225310 0 0 0 THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF BLUNT COUNTY TENNESSEE 621192419 NONEAVAIL 2009-12-04 12263362 REFUND OF OLD BONDS AND REFINANCE OTHER DEBT 0 1 0 12263362 84610 2009 1 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 DALE KEASLING SEE SCHEDULE O 12263362 SEE SCHEDULE O 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PRESENTED MADE AVAILABLE TO THE BOARD OF DIRECTORS BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY JOB PERFORMANCE, AS WELL AS THE GOING RATE IN THE AREA, AND IS THEN APPROVED BY THE BOARD. THE PROCESS WAS LAST UNDERTAKEN FOR WILLIAM R. THOMAS, CEO & PRESIDENT ON 1/1/10, PEGGY SMITH, SENIOR ADMINISTRATOR ON 8/11/10, TODD TAYLOR, ASSISTANT ADMINISTRATOR ON 7/19/09 AND DAVID MAXWELL, ADMINISTRATOR ON 3/22/10. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 786,449. OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS 45,655. TOTAL TO FORM 990, PART XI, LINE 5: 832,104. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: DALE KEASLING IS A BOARD MEMBER OF THE ORGANIZATION AND THE PRESIDENT OF HOME FEDERAL BANK. DURING THE YEAR THE ORGANIZATION TOOK OUT A LOAN WITH HOME FEDERAL BANK IN THE AMOUNT OF $12,263,362. THE ORGANIZATION MADE A PRINCIPAL PAYMENT OF $1,069,651 DURING THE YEAR, AS WELL AS AN INTEREST PAYMENT OF $409,734. THE OUTSTANDING PRINCIPAL BALANCE AT THE END OF THE YEAR IS $11,130,056.