2011-10-11T10:59:27-05:00 2011-06-30 PARENTEBEARD LLC 220 REGENT COURT SUITE C STATE COLLEGE PA 16801 990 2010-07-01 251542218 FOXDALE VILLAGE CORPORATION FOXD 8142383322 500 EAST MARYLYN AVENUE STATE COLLEGE PA 16801 COREY HAMILTON 8142383322 2011-10-10 1 JULIUS GREEN 5703236023 2011-10-10 2010 2016-03-07 17:11:31Z COREY HAMILTON 500 EAST MARYLYN AVENUE STATE COLLEGE PA 16801 26540036 0 X WWW.FOXDALEVILLAGE.ORG X 1986 PA FOXDALE VILLAGE IS A NOT-FOR-PROFIT QUAKER-DIRECTED CONTINUING CARE RETIREMENT COMMUNITY. 14 13 242 100 0 0 360345 1539518 10328898 10338819 253310 708522 43301 86056 10985854 12672915 55106 63120 0 0 5941429 5873099 0 5300 111937 3545052 4136652 9541587 10078171 1444267 2594744 25931784 55725829 20332754 46809235 5599030 8916594 X FOXDALE VILLAGE IS A NOT-FOR-PROFIT QUAKER-DIRECTED CONTINUING CARE RETIREMENT COMMUNITY. THROUGH COMMUNITY SERVICES AND PROGRAMS, FOXDALE PROVIDES FOR THE SOCIAL, SPIRITUAL, NUTRITIONAL, RESIDENTIAL, WELLNESS AND HEALTH CARE NEEDS OF OLDER PEOPLE AT REASONABLE COST WHILE PROVIDING A SUPPORTIVE WORKING ENVIRONMENT FOR EMPLOYEES. OUR COMMUNITY IS BASED ON QUAKER VALUES AND QUAKER CONVICTION THAT ALL PEOPLE ARE TO BE TREATED WITH DIGNITY AND LOVING RESPECT. 0 0 8944775 63120 10338819 MOVING INTO ITS THIRD DECADE AS A QUAKER DIRECTED CONTINUING CARE RETIREMENT COMMUNITY, FOXDALE VILLAGE IS DEDICATED TO PROVIDING FOR THE WELLNESS AND HEALTHCARE NEEDS OF RESIDENTS AT A REASONABLE COST AND TO OFFERING A SUPPORTIVE WORK ENVIRONMENT FOR EMPLOYEES. A HALLMARK OF FOXDALE IS ITS FOCUS ON ENABLING RESIDENTS TO RETAIN THE HIGHEST LEVEL OF INDEPENDENCE AND WELLNESS POSSIBLE THROUGHOUT THE COURSE OF THEIR LIVES, WHILE PROVIDING A SECURE HOME AND HEALTHCARE TO ALL AS APPROPRIATE TO THEIR CIRCUMSTANCES. RESIDENTS AND THEIR FAMILIES ARE ALSO ABLE TO REST ASSURED THAT CARE WILL CONTINUE TO BE AVAILABLE SHOULD FINANCIAL CHALLENGES IMPEDE A RESIDENT'S ABILITY TO PAY THEIR MONTHLY FEES. THE COMMUNITY FUND, SUPPORTED BY GIFTS MADE BY COUNTLESS DONORS OVER TWO DECADES, IS AVAILABLE TO ENSURE CONTINUING CARE FOR RESIDENTS WHO OUTLIVE THEIR RESOURCES OR FACE SOME OTHER FORM OF FINANCIAL DIFFICULTY. STAFF SUPPORT INCLUDES AN EXCEPTIONAL BENEFITS PROGRAM, FUNDING AS THE BUDGET PERMITS FOR PROFESSIONAL DEVELOPMENT AND ONGOING EDUCATION, AND ACCESS TO WELLNESS PROGRAMS AND HEALTH SCREENINGS. PHILANTHROPIC SUPPORT DIRECTED TO THE GIVERS OF CARE NO-INTEREST LOAN FUNDS IS ALSO AVAILABLE TO ASSIST EMPLOYEES WITH SHORT-TERM, HOUSING, OR EDUCATIONAL EXPENSES. DONORS HAVE ALSO SUPPORTED STAFF WELLNESS PROGRAMS.IN THE 2011 FISCAL YEAR, FOXDALE SERVED 259 RESIDENTS AND THEIR FAMILIES WHILE EMPLOYING APPROXIMATELY 100 FULL-TIME AND ANOTHER 100 PART-TIME STAFF. THE MAJORITY OF FOXDALE RESIDENTS LIVE IN ON-CAMPUS APARTMENTS, BUT CAN REST COMFORTABLY WITH THE KNOWLEDGE THAT BEING RESIDENTS OF A CCRC, PERSONAL CARE AND SKILLED NURSING FACILITIES ARE AVAILABLE SHOULD THEY REQUIRE THESE LEVELS OF CARE ONE DAY. FOLLOWING AN EXPANSION WHICH HAS BEEN TAKING PLACE OVER THE PAST TWO YEARS, AS OF THE FALL IN 2012, FOXDALE WILL HAVE A TOTAL OF 205 APARTMENT UNITS, 46 LICENSED SKILLED NURSING PRIVATE ROOMS AND 55 PRIVATE PERSONAL CARE ROOMS. AMONG OTHER THINGS, THIS $50 MILLION EXPANSION WILL ENABLE FOXDALE TO PROVIDE TWO LEVELS OF SUPPORT TO RESIDENTS LIVING WITH MEMORY CHALLENGES AND A MEMORY GARDEN INTENTIONALLY DESIGNED TO PROVIDE SECURE AND SAFE ENVIRONMENTS WHILE MAINTAINING AND SUPPORTING THE HIGHEST QUALITY OF LIFE POSSIBLE. THE EXPANSION WILL ALSO ENABLE FOXDALE TO PROVIDE REHABILITATION AND WELLNESS SERVICES TO ITS RESIDENTS IN A MORE EFFECTIVE MANNER.FOUNDED BY A GROUP OF STATE COLLEGE FRIENDS, FOXDALE VILLAGE IS GUIDED BY QUAKER PRINCIPLES AND IS THE CARING COMMUNITY THOSE FOUNDERS ENVISIONED. THAT CARE IS EVIDENT AMONG RESIDENTS THROUGH THE BREADTH AND DEPTH OF ACTIVITIES OF THE RESIDENT'S ASSOCIATION'S 55 COMMITTEES/INTEREST GROUPS, RESIDENT VOLUNTEERS, THEIR FAMILY MEMBERS, AND IN THE STAFF WHO SERVE RESIDENTS. THAT CARE ALSO EXTENDS TO CENTRE COUNTY AND BEYOND AS RESIDENTS AND STAFF ENTHUSIASTICALLY ENGAGE IN AN ARRAY OF VOLUNTEER AND PHILANTHROPIC ACTIVITIES. FOXDALE RESIDENTS VOLUNTEER WITH AND SPEARHEAD COMMITTEES, EVENTS, AND FUNDRAISING FOR AN ARRAY OF LOCAL NONPROFITS. ADMINISTRATORS, STAFF, AND MEMBERS OF THE CORPORATE BOARD SERVE ON AND LEAD NUMEROUS COMMUNITY BOARDS, SPEAK TO GROUPS ABOUT HEALTHY AGING AND LIFE TRANSITIONS, PARTICIPATE IN INTERNSHIP AND MENTORING PROGRAMS THAT ENGAGE COLLEGE STUDENTS AND OTHER PROFESSIONALS IN THE HEALTH CARE FIELD, AND SUPPORT THE COMMUNITY IN OTHER WAYS TOO NUMEROUS TO MENTION.THANKS TO THE EXEMPLARY EFFORTS OF STAFF, 47% OF WHOM HAVE WORKED AT FOXDALE FOR OVER FIVE YEARS, FOXDALE CONTINUES TO BE ONE OF THE HIGHEST RATED HEALTH CARE PROVIDERS IN THE CENTRE COUNTY REGION. YEAR AFTER YEAR, THE SURVEY RESULTS OF THE VARIOUS GOVERNING AGENCIES, ALONG WITH THE COMMENTS FROM FOXDALE RESIDENTS AND THEIR FAMILIES, AFFIRM THE ORGANIZATION'S COMMITMENT TO ITS RESIDENTS AND MISSION STATEMENT. TO ENSURE PROVISION OF ONGOING HIGH QUALITY SERVICE TO RESIDENTS, FOXDALE PARTICIPATED IN A QUALITY IMPROVEMENT PROGRAM REGARDING VARIOUS RISK MANAGEMENT TOPICS IN 2010. FOXDALE RANKED IN THE TOP TWENTY-FIFTH PERCENTILE OF ALL THE COMMUNITIES PARTICIPATING. FOXDALE'S NEIGHBORHOODS AND BEAUTIFUL GROUNDS, OPPORTUNITIES FOR INTELLECTUAL ENGAGEMENT, AND COMMITMENT TO SUSTAINABILITY ARE JUST A FEW OF THE REASONS RESIDENTS AND OTHERS HIGHLY RATE FOXDALE.FROM A FINANCIAL PERSPECTIVE, FOXDALE IS ON FIRM FOOTING. FOXDALE HAS MAINTAINED A POSITIVE INCREASE IN CASH FROM OPERATIONS AND INVESTMENTS DESPITE THE OVERALL ISSUES IN THE GREATER ECONOMY. THE 2011 FISCAL YEAR, FOXDALE INCREASED ITS DAY'S CASH ON HAND, THE INDUSTRY-WIDE MEASURE OF THE HEALTH OF A CCRC, FROM 431 TO 486 DAYS. THANKS TO PRUDENT FISCAL MANAGEMENT, THAT HAS BENEFITTED FOXDALE WHILE ENSURING IT FULFILLS ITS COMMITMENT TO SOCIAL RESPONSIBLE INVESTING, FOXDALE HAS CONTINUED TO INVEST IN ONGOING INFRASTRUCTURE IMPROVEMENTS WHILE EXPANDING THE NUMBER OF APARTMENTS, HEALTH CARE ROOMS, WELLNESS AND DINING AND OTHER FACILITIES. AN ENHANCED WIRELESS NURSE CALL SYSTEM IS JUST ONE EXAMPLE OF THE TYPES OF ONGOING IMPROVEMENTS PUT INTO PLACE IN 2011. FOXDALE HAS ALSO MAINTAINED ITS COMMITMENT TO THE QUAKER PRINCIPLE OF STEWARDING THE EARTH WHILE ENSURING SOUND FISCAL MANAGEMENT. THE NEW PROJECT INCLUDES 2,900 LED LIGHT FIXTURES AND A NEW GEOTHERMAL SYSTEM WHICH WILL HEAT AND COOL ALMOST 90,000 SQUARE FEET OF LIVING. THE POWER FOR ALL OF FOXDALE IS PROVIDED FROM A NEW TWO YEAR CONTRACT TO PURCHASE POWER FROM ONLY WIND-POWER PROVIDERS. IN ADDITION, FOXDALE AND ITS RESIDENTS ALSO PARTICIPATE IN NUMEROUS RECYCLING PROGRAMS.PLANNING FOR THE FUTURE HAS CONTINUED WITH THE CORPORATE BOARD HAVING AUTHORIZED A NEW STRATEGIC PLAN IN 2010 AND A FINANCIAL STRATEGIC PLAN IN 2011. NUMEROUS COMMITTEES, WHICH INCLUDE RESIDENT REPRESENTATIVES, MEET REGULARLY TO ENSURE THAT THE PLAN TAKES LIFE. TO LEARN MORE ABOUT FOXDALE PLEASE VISIT WWW.FOXDALEVILLAGE.ORG. TO LEARN MORE ABOUT THE EXPANSION PLEASE VISIT: WWW.FOXDALEVILLAGE.ORG/EXPANSION.HTML. 8944775 1 1 0 0 0 0 0 0 0 1 0 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 1 1 0 0 0 0 0 0 0 0 0 0 1 27 0 242 1 0 0 0 0 0 0 0 0 0 0 X 14 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X COREY HAMILTON 8142383322 500 EAST MARYLYN AVENUE STATE COLLEGE PA 16801 LYDIA ABDULLAH 5.00 X 0 0 0 JOHN BUZZELL 2.00 X 0 0 0 SUZANNE ADAIR 5.00 X 0 0 0 WADE WRIGHT 2.00 X 0 0 0 LYNNE GRUTZECK 5.00 X 0 0 0 LAURIE JEFFREYS 5.00 X X 0 0 0 BRUCE KNOX 15.00 X X 0 0 0 PETER MARSHALL 10.00 X X 0 0 0 GREGORY OLSEN 2.00 X 0 0 0 LIBBY PENNOCK 2.00 X 0 0 0 ROBERT SCHRAUF 2.00 X 0 0 0 MARDY SHAW 2.00 X 0 0 0 RICHARD SHAW 2.00 X 0 0 0 ANN SIDONE 15.00 X X 0 0 0 MYRA SLETSON 2.00 X 0 0 0 COREY HAMILTON 40.00 X 98047 0 19933 WILLIAM JAMES 40.00 X 173712 0 27190 271759 0 47123 1 0 1 0 SUDEXO 9801 WAHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 DINING MANAGEMENT SERVICES 444467 REESE LOWER PATRICK & SCOTT 1910 HARRINGTON DRIVE LANCASTER PA 17601 ARCHITECT SERVICES 198089 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 REHAB/THERAPIES 117080 3 1539518 1539518 RESIDENT SERV REVENUES 623000 10333419 10333419 APPLICATION FEES 623000 5400 5400 10338819 212723 212723 21191 4552 16639 16639 16639 14358368 13862569 495799 495799 495799 DINING REVENUE 900099 38555 38555 GUEST HOUSE REVENUE 721000 13845 13845 WELLNESS CARE 900099 9546 9546 7471 7471 69417 12672915 10338819 0 794578 63120 63120 318882 318882 4015317 3855679 81774 77864 105353 87402 15218 2733 1120711 1065482 48200 7029 312836 295840 11390 5606 29000 29000 5300 5300 468283 376658 91625 114478 2963 106515 5000 368614 304243 61286 3085 135157 54242 78095 2820 652214 652214 39176 28336 8340 2500 41485 9720 31765 64860 64860 727406 727406 77904 77904 FOOD 434501 434501 PHARMACY 370419 370419 THERAPY 243443 243443 REPAIRS AND MAINTENANCE 127315 124739 2576 NURSING HOME ASSESSMENT 42586 42586 199811 111922 87889 10078171 8944775 1021459 111937 898 898 986228 4053852 1500000 163508 124835 474200 866041 176735 136342 43996699 7780540 12091544 36216159 11718741 12186731 319930 640971 25931784 55725829 913474 4589353 15911071 17032605 1600000 23386959 1500000 1500000 408209 300318 20332754 46809235 X 3505935 5112275 2008605 3711198 84490 93121 5599030 8916594 25931784 55725829 X 2594744 722820 X 0 1 1 X 0 X 96099 134922 684561 360345 1539518 2815445 8671487 9378479 9620471 10331478 10338819 48340734 8767586 9513401 10305032 10691823 11878337 51156179 0 0 0 51156179 379758 380797 165434 181148 233914 1341051 379758 380797 165434 181148 233914 1341051 36129 30558 29718 69417 165822 9147344 9930327 10501024 10902689 12181668 52663052 0.97140 0.96840 0.02550 0.02960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 942828 942828 14175453 6601830 7573623 7268678 1178710 6089968 21609740 21609740 36216159 UNEARNED RESIDENT AND HEALTHCARE FEES 75213 REFUNDABLE DEPOSITS 165000 PRIORITY FEE DEPOSITS 60105 300318 12672915 10078171 2594744 791055 -68235 722820 3317564 13477153 791055 8631 799686 12677467 -4552 -4552 12672915 10159589 81418 81418 10078171 0 10078171 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAX AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT HAS DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -76,866. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 8,631. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 8,631. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -4,552. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 4,552. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 76,866. 1 FINANCIAL ASSISISTANCE TO FOXDALE RESIDENTS. 4 63120 0 CASH N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: REQUESTS FOR ASSISTANCE ARE MADE INITIALLY THROUGH THE DIRECTOR OF FINANCIAL SERVICES WHO WILL TAKE THE REQUEST TO THE COMMUNITY FUND ASSISTANCE COMMITTEE FOR REVIEW. THE COMMITTEE CONSISTS OF THE EXECUTIVE DIRECTOR, THE DIRECTOR OF FINANCIAL SERVICES, AND THE CLERK OF THE FOXDALE CORPORATE BOARD. THE COMMITTEE WILL MAKE A DECISION PERTAINING TO ASSISTANCE BASED ON COMPLETE INFORMATION ON THE RESIDENT'S FINANCIAL CIRCUMSTANCES. THE DECISION WILL BE BASED ON THE RESIDENT MAINTAINING A REASONABLE STANDARD OF LIVING. THE DIRECTOR OF FINANCIAL SERVICES WILL REVIEW THE SUBSIDY ON A PERIODIC BASIS BASED ON INCREASES IN COST OF LIVING, FOXDALE'S FEES AND THE RESIDENT'S INCOME. X X X X 0 0 0 0 0 0 0 0 0 WILLIAM JAMES 173712 0 0 0 0 0 6664 0 20526 0 200902 0 0 0 CENTRE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 202121974 2010-10-14 30000000 NEW CONSTRUCTION AND CAMPUS RENOVATION 0 0 0 30000000 302683 329373 21759858 995045 6613041 2012 0 0 0 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 1 1 0 0 0 0 DENNIS AND STEVE HAMILTON FATHER AND BROTHER OF THE DIRECTOR OF FINANCIAL SERVICES 12000 BOTH THE MAINTENANCE AND ENVIRONMENTAL SERVICES DEPARTMENTS PURCHASE GOODS AND SERVICES FROM TOP TO BOTTOM INTERIORS WHICH IS OWNED AND OPERATED BY THE FATHER AND BROTHER OF THE DIRECTOR OF FINANCIAL SERVICES. IN THE 2010/2011 FISCAL YEAR THE PURCHASES WERE PRIMARILY FOR CARPET INSTALLATION ALONG WITH WINDOW COVERINGS WHICH ARE USED IN RESIDENT APARTMENTS. ALL OF THESE SERVICES AND PURCHASES WERE MADE BY THE DIRECTORS FOR MAINTENANCE AND ENVIRONMENTAL SERVICES WITH NO INVOLVEMENT FROM THE DIRECTOR OF FINANCIAL SERVICES. THESE TRANSACTIONS WERE CONDUCTED AT ARM'S LENGTH AND FAIR MARKET VALUE COMPENSATION WAS PAID FOR MATERIAL AND SERVICES. TOP TO BOTTOM INTERIORS HAS BEEN AWARDED A PORTION OF THE CONSTRUCTION PROJECT BY BENCHMARK CONSTRUCTION (APPROX. $271,000). BENCHMARK BID ALL AREAS AND CHOSE THE FINAL CONTRACTORS WITHOUT THE DIRECTOR OF FINANCIAL SERVICES' INVOLVEMENT. 0 MYRA SLETSON BOARD MEMBER 23386959 NORTHWEST SAVINGS BANK HAS BEEN CHOSEN AS THE LEAD LENDER FOR FOXDALE'S EXPANSION PROJECT. NORTHWEST WAS ASKED TO BID ON THE PROJECT ALONG WITH OVER SEVEN OTHER BANKS. FOXDALE HIRED AN INDEPENDENT FINANCIAL ADVISOR TO ASSIST THE BOARD IN EVALUTING THE PROPOSALS AND TO MAKE A FINAL PROPOSAL TO THE BOARD. BOTH THE FINANCIAL ADVISOR AND THE BOARD FELT THAT NORTHWEST SAVINGS BANKS PROPOSAL WAS THE BEST OF ALL THE BANKS. MYRA IS A LOAN OFFICER AT NORTHWEST SAVINGS BANK AND WILL BE THE LENDER ON THE ACCOUNT. MYRA DID NOT PARTICIPATE IN ANY OF THE DISCUSSIONS RELATING TO THE FINANCING. 0 FORM 990, PART VI, SECTION A, LINE 2 MARDY SHAW IS THE MOTHER OF RICHARD SHAW. BOTH OF THESE INDIVIDUALS ARE MEMBERS OF OUR BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE INFORMATION USED IN THE 990 WAS PREPARED PRIMARILY BY THE DIRECTOR OF FINANCIAL SERVICES WHO PROVIDED THIS INFORMATION TO THE AUDITING FIRM PARENTEBEARD. PARENTEBEARD PREPARED THE 990 AND SUBMITTED IT BACK TO THE FINANCE AND PROPERTY COMMITTEE FOR REVIEW AT THEIR COMMITTEE MEETING. THE COMMITTEE THEN FORWARDED THE DOCUMENT TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AT WHICH TIME IT WAS APPROVED. AFTER APPROVAL, PARENTEBEARD SUBMITTED THE 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND KEY EMPLOYEES MUST SUBMIT A CONFLICT OF INTEREST STATEMENT AND THESE STATEMENTS ARE REVIEWED BY EACH BOARD MEMBER AT THEIR AUGUST MEETING. INDIVIDUAL BOARD MEMBERS ARE ENCOURAGED TO ASK QUESTIONS REGARDING ANYONE WITH A CONFLICT AT THAT MEETING AND THE BOARD WOULD DECIDE IF THEY FEEL THE CONFLICT IS LARGE ENOUGH TO REQUIRE ACTION. NO SUCH CONFLICT EXISTED IN 2010/2011. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE SALARY FOR THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS. THE PRIMARY TOOL FOR COMPARITIVE PURPOSES ARE ANNUAL SALARY SURVEYS. ALL OTHER EMPLOYEE COMPENSATION RATES ARE ESTABLISHED BY THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF HUMAN RESOURCES. THEY ALSO USE ANNUAL SALARY SURVEYS FOR ESTABLISHING COMPENSATION RATES AS WELL AS COMPARITIVE DATA FROM LOCAL SOURCES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST FROM THE ADMINISTRATION OF FOXDALE VILLAGE AND HAVE BEEN INCLUDED IN BOARD MEETING PACKETS WHEN THEY ARE REVIEWED, CHANGED AND APPROVED. THE BOARD MEETING PACKETS ARE AVAILABLE TO THE PUBLIC IN THE FOXDALE VILLAGE LIBRARY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 791,055. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -76,866. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 8,631. TOTAL TO FORM 990, PART XI, LINE 5: 722,820.