2024-11-12T15:42:36-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-01-01 232226098 WILLOW VALLEY COMMUNITIES WILL 7174642741 600 WILLOW VALLEY SQUARE LANCASTER PA 17602 JILL E GILBERT BOARD CHAIR 7174642741 2024-11-12 1 1 KERRI N BOGDA CPA P00760402 7177404863 2024-10-28 2023 2024-10-15 13:58:12Z JILL E GILBERT 600 WILLOW VALLEY SQUARE LANCASTER PA 17602 153759967 0 X WWW.WILLOWVALLEYCOMMUNITIES.ORG X 1982 PA WVC ENRICHES THE LIVES OF MATURE ADULTS BY PROVIDING A CONTINUUM OF CARE (CONT. ON SCH O)AND SERVICE OPTIONS, PROMOTING WELLNESS, INDEPENDENCE AND THE HIGHEST POSSIBLE QUALITY OF LIFE. 9 9 1932 250 452805 0 1179553 2069853 122276236 133719154 6658772 8585083 3245708 4597289 133360269 148971379 0 0 0 0 56053702 67172728 0 0 293633 69049579 79488990 125103281 146661718 8256988 2309661 554898544 596956051 448692423 485751214 106206121 111204837 X WE INSPIRE EACH PERSON TO EMBRACE THE POSSIBILITIES OF A LIFE LIVED FORWARD. OUR WILLOW VALLEY COMMUNITIES FAMILY EXPERIENCE THE FINEST LIVING IN AN ENVIRONMENT WHICH INSPIRES SPIRITUAL, PHYSICAL, INTELLECTUAL AND EMOTIONAL FULFILLMENT. OUR TEAM SERVES EACH WILLOW VALLEY COMMUNITIES FAMILY MEMBER GRACIOUSLY, COMPASSIONATELY, AND RESPECTFULLY IN A CULTURE WHICH CHERISHES EXCELLENCE AND INNOVATION. OUR COMMITMENT IS TO PROVIDE A BROAD RANGE OF SERVICES AND AMENITIES WHICH OFFER SUPERIOR VALUE TO RESIDENTS WITH THE GOAL TO POSITIVELY TRANSFORM THE WAY AGING IS EXPERIENCED AND VIEWED IN OUR WORLD. 0 0 128796648 0 129392574 WILLOW VALLEY MANOR IS LOCATED IN A SUBURBAN SETTING ON 45 ACRES OF LAND. THE COMMUNITY OFFERS 367 RESIDENTIAL LIVING UNITS. THESE INCLUDE APARTMENTS, VILLAS AND TOWNHOMES. WILLOW VALLEY LAKES MANOR IS LOCATED IN A SUBURBAN SETTING ON 139 ACRES OF LAND. THE COMMUNITY OFFERS 840 RESIDENTIAL LIVING UNITS. THESE INCLUDE APARTMENTS, VILLAS AND TOWNHOMES. SKILLED NURSING CARE IS PROVIDED IN WILLOW VALLEY LAKES MANOR'S 80-BED SUPPORTIVE LIVING COMPONENT. IN ADDITION, PERSONAL CARE IS PROVIDED IN AN ADJACENT BUILDING WITH 156 BEDS AVAILABLE. WILLOW VALLEY MANOR NORTH IS LOCATED IN A SUBURBAN SETTING ON 42 ACRES OF LAND. THE COMMUNITY OFFERS 447 RESIDENTIAL LIVING APARTMENTS. PERSONAL CARE, MEMORY SUPPORT (DEMENTIA CARE) AND SKILLED NURSING CARE ARE PROVIDED IN WILLOW VALLEY MANOR NORTH'S 338-BED SUPPORTIVE LIVING COMPONENT. 1929132 0 3973134 SMARTLIFE VIA WILLOW VALLEY IS A MEMBERSHIP BASED LIFECARE AT HOME PROGRAM DELIVERING HIGH QUALITY CARE AND SERVICES IN THE MEMBER'S HOME. SMARTLIFE PROVIDES PERSONAL CARE COORDINATION AND HOME CARE SERVICES INCLUDING COMPANION SERVICES, ADULT DAY CARE, TRANSPORTATION, HOMESAFETY ASSESSMENTS, AND MEAL DELIVERY. IN ADDITION, OPPORTUNITIES FOR SOCIAL, EDUCATION AND WELLNESS ACTIVITIES ARE AVAILABLE. IF NEEDED, PERSONAL CARE, MEMORY SUPPORT AND NURSING CARE ARE AVAILABLE TO THE MEMBERS. 130725780 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 1 1 1 0 0 0 1 268 0 1932 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JILL E GILBERT BOARD CHAIR 7174647713 100 WILLOW VALLEY LAKES DRIVE WILLOW STREET PA 17584 JILL GILBERT BOARD CHAIR 5.00 5.00 X X 10200 0 0 GERALD GRANT VICE CHAIR 5.00 0.00 X X 0 0 0 LESLIE BRANT TREASURER 5.00 5.00 X X 8800 0 0 MARVIN MASHNER ASSISTANT TREASURER 3.00 0.00 X 0 0 0 JANE BARLEY SECRETARY 5.00 0.00 X X 8800 0 0 ELRIC GERNER ASSISTANT SECRETARY 3.00 0.00 X 0 0 0 SUSAN ALLMOND BOARD MEMBER 3.00 0.00 X 0 0 0 ROBERT FRICK BOARD MEMBER 3.00 0.00 X 0 0 0 BETTY PRICE BOARD MEMBER 3.00 0.00 X 0 0 0 DONALD KEMRER BOARD MEMBER (UNTIL 04/2023) 3.00 0.00 X 2900 0 0 KENDALL HUNSICKER SR VP OF HC SERVICES 40.00 0.00 X 205898 0 25228 SHARON HABANEC SR VP OF CULINARY SERVICES 40.00 0.00 X 197060 0 19908 KRISTEN LOOSE VP HEALTHCARE OPERATIONS 40.00 0.00 X 176270 0 0 JAMES TRACY VP OF PROP MGMT & SERVICES 40.00 0.00 X 160267 0 13635 MARGARET SEAGERS MANAGER OF SALES 40.00 0.00 X 155571 0 16129 MARGARET DONEGAN ADMINISTRATOR HEALTHCARE 40.00 0.00 X 163044 0 17611 GLENNDA HART VP OF RESIDENT SERVICES 40.00 0.00 X 161049 0 14469 ANDREW SOLODKY MANAGER OF MARKETING & SAL 40.00 0.00 X 155027 0 11002 1404886 0 117982 45 0 1 0 CCS BUILDING GROUP INC 598 MILLWOOD RD WILLOW STREET PA 17584 CONTRACTOR 47882617 ACTS ALLIANCE MANAGEMENT LLC 420 DELAWARE DR FORT WASHINGTON PA 19034 MANAGEMENT SERVICES 4742541 TRAGO MECHANICAL INC 5 W WYNWOOD DRIVE WILLOW STREET PA 17584 HVAC CONTRACTOR 1873377 WILLOW VALLEY DEV CORPORATION 100 WILLOW VALLEY LAKES DR WILLOW STREET PA 17584 DEVELOPMENT SERVICES 1412653 WEAVER ROOFING & EXTERIORS 4873 DIVISION HWY EAST EARL PA 17519 ROOFING CONTRACTOR 1082753 32 191985 1877868 2069853 RESIDENT SERVICE REV. 623000 99197920 99197920 AMORTIZATION OF ENTRANCE FEE REV. 623000 23791836 23791836 HEALTHCARE REV. 623000 6402818 6402818 MEMBER SERVICE REV. 623000 4326580 3973134 353446 133719154 3509412 3509412 459776 74016 385760 385760 385760 9790243 4549847 164725 5240396 -164725 5075671 5075671 COMMISSION 900099 2044904 2044904 CATERING INCOME 900099 1161505 99359 1062146 GUEST ROOM REV. 900099 564324 564324 440796 440796 4211529 148971379 133365708 452805 13083013 655063 655063 50185107 47264779 2803499 116829 582294 579320 1542 1432 11789023 10974189 787708 27126 3961241 3685935 266195 9111 4295232 4295232 683639 683639 196725 196725 110885 110885 7124118 4756773 2323175 44170 1137566 759553 370960 7053 1363499 910408 444637 8454 203582 135932 66388 1262 11455984 11410160 17184 28640 249816 166802 81465 1549 5540161 5518000 22161 30969897 30846017 123880 1034666 1030527 1552 2587 FOOD 7795734 7795734 SUPPLIES 2737488 1827821 892695 16972 MEDICAL SUPPLIES 1208034 806604 393940 7490 REPAIRS & MAINTENANCE 1136649 758941 370661 7047 2245315 1498285 733119 13911 146661718 130725780 15642305 293633 1166805 8135329 38890000 41227512 3889031 4870031 386566 410783 3261989 3470825 766025221 335585869 405056774 430439352 92228257 95150289 7100598 7367800 2918524 5884130 554898544 596956051 15971660 14114143 255115179 275189661 106708759 104443885 5464685 8109615 30487813 44651174 34944327 39242736 448692423 485751214 X 102380268 106376968 3825853 4827869 106206121 111204837 554898544 596956051 X 2309661 3186099 -497044 X 0 1 X 1 0 X 4037072 2437970 1179553 2069853 9724448 101842281 104348546 109794122 121853046 133365708 571203703 101842281 108385618 112232092 123032599 135435561 580928151 0 0 0 580928151 3670465 2863114 3154570 3646059 3969188 17303396 3670465 2863114 3154570 3646059 3969188 17303396 5925895 4315733 5277392 2824037 4112170 22455227 111438641 115564465 120664054 129502695 143516919 620686774 0.93590 0.93110 0.02790 0.02880 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: AUDIOLOGY SERVICES - 2019 AMOUNT: $ 210,088. 2020 AMOUNT: $ 172,186. 2021 AMOUNT: $ 200,162. 2022 AMOUNT: $ 36,720. 2023 AMOUNT: $ 36,708. CAFE GUEST MEALS - 2019 AMOUNT: $ 1,770,616. 2020 AMOUNT: $ 567,435. 2021 AMOUNT: $ 621,634. 2022 AMOUNT: $ 858,879. 2023 AMOUNT: $ 146,848. DAY SPA INCOME - 2019 AMOUNT: $ 129,590. 2020 AMOUNT: $ 49,490. 2021 AMOUNT: $ 136,857. FLEXIBLE MEAL PROGRAM - 2019 AMOUNT: $ 1,302,390. 2020 AMOUNT: $ 1,774,258. 2021 AMOUNT: $ 1,597,590. GUEST ROOM STORAGE CAGES RENT - 2019 AMOUNT: $ 483,342. 2020 AMOUNT: $ 298,675. 2021 AMOUNT: $ 474,770. 2022 AMOUNT: $ 394,412. 2023 AMOUNT: $ 564,324. MAID SERVICE - 2019 AMOUNT: $ 353,769. 2020 AMOUNT: $ 364,704. 2021 AMOUNT: $ 381,825. CABLE TV INTERNET - 2019 AMOUNT: $ 1,227,277. 2020 AMOUNT: $ 1,303,689. 2021 AMOUNT: $ 1,340,239. PERFORMING ARTS INCOME - 2019 AMOUNT: $ 224,439. 2020 AMOUNT: $ 47,058. 2021 AMOUNT: $ 68,818. PERSONAL LAUNDRY SERVICES - 2019 AMOUNT: $ 175,045. 2020 AMOUNT: $ 201,094. 2021 AMOUNT: $ 201,043. MISCELLANEOUS - 2019 AMOUNT: $ 49,339. 2020 AMOUNT: $ -462,856. 2021 AMOUNT: $ 254,454. VENDING REVENUE - 2022 AMOUNT: $ 82,367. 2023 AMOUNT: $ 65,816. COMMISSION - 2022 AMOUNT: $ 1,207,574. 2023 AMOUNT: $ 2,044,904. CULINARY INCOME - 2022 AMOUNT: $ 138,156. 2023 AMOUNT: $ 1,062,146. EVENT INCOME - 2022 AMOUNT: $ 13,311. APARTMENT UPGRADES - 2022 AMOUNT: $ 48,305. RESIDENT CHARGES - 2022 AMOUNT: $ 44,313. 2023 AMOUNT: $ 191,424. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 32218528 32218528 590343216 276889236 313453980 9357224 716237 8640987 54850943 33060565 21790378 79255310 24919831 54335479 430439352 DUE TO AFFILIATES 2672721 ENTRANCE FEE DEPOSITS 49265 ENTRANCE FEE REFUNDABLE 36520750 39242736 X PART IV, LINE 2B: ENTRANCE FEE DEPOSITS ARE KEPT SEPERATELY IN AN ESCROW ACCOUNT UNTIL RESIDENTS HAVE MOVED INTO THEIR UNIT. ONCE MOVED IN, FUNDS ARE RELEASED FROM ESCROW INTO THE OPERATING CASH. PART X, LINE 2: WILLOW VALLEY COMMUNTIIES (WVC) IS A NOT-FOR-PROFIT CORPORATION. WVC IS EXEMPT FROM FEDERAL INCOME TAXES ON EXEMPT INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AND OTHER INCOME TAXES UNDER SIMILAR STATUTES. CONNECTIONS AND MOSAIC ARE DISREGARDED ENTITIES OF WVC FOR FEDERAL TAX PURPOSES AND, AS SUCH, ARE CONSIDERED EXEMPT UNDER SECTION 501(A) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 1 0 KENDALL HUNSICKER SR VP OF HC SERVICES 198398 0 7500 0 0 0 20590 0 4638 0 231126 0 0 0 SHARON HABANEC SR VP OF CULINARY SERVICES 189560 0 7500 0 0 0 19706 0 202 0 216968 0 0 0 MARGARET DONEGAN ADMINISTRATOR HEALTHCARE 163044 0 0 0 0 0 16304 0 1307 0 180655 0 0 0 KRISTEN LOOSE VP HEALTHCARE OPERATIONS 171270 0 5000 0 0 0 0 0 0 0 176270 0 0 0 GLENNDA HART VP OF RESIDENT SERVICES 156049 0 5000 0 0 0 9670 0 4799 0 175518 0 0 0 JAMES TRACY VP OF PROP MGMT & SERVICES 155267 0 5000 0 0 0 9616 0 4019 0 173902 0 0 0 MARGARET SEAGERS MANAGER OF SALES 81371 0 74200 0 0 0 9334 0 6795 0 171700 0 0 0 ANDREW SOLODKY MANAGER OF MARKETING & SAL 83027 0 72000 0 0 0 9302 0 1700 0 166029 0 0 0 PART I, LINE 7 ANNUALLY, THE WILLOW VALLEY COMMUNITIES BOARD OF DIRECTORS HAS APPROVED A YEAR-END GIFT TO LEADERSHIP WITH THE AMOUNT DETERMINED BASED ON THEIR MANAGERIAL LEVEL. FURTHER, SALES INCENTIVES ARE PAID PER POLICY TO THE MANAGER OF SALES. SALES INCENTIVES ARE A FLAT AMOUNT PER UNIT SOLD. A LANCASTER INDUSTRIAL DEVELOPMENT AUTHORITY 2009 SERIES ABC 231884507 514349CF4 2009-07-23 60000000 REFINANCE AND RENOVATE THE GLEN 0 0 0 B EAST HEMPFIELD INDUSTRIAL DEVELOPMENT AUTHORITY 231925435 273007CN2 2016-02-01 43794261 REFUND PORTION OF 2009 A-B & VISTAS 0 0 0 C LANCASTER INDUSTRIAL DEVELOPMENT AUTHORITY 231884507 514349CZ0 2019-08-07 41705626 CONSTRUCTION OF SOUTH POINTE EXPANSION 0 0 0 A 23320000 60000000 48576506 677644 277321 10468529 2009 1 0 1 1 B 11835000 43794261 19175200 598633 24020428 2017 1 0 1 1 C 41705626 593528 41112098 2022 0 0 0 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 0 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 0 C 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 1 PNC BANK 0.013200000000 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: LANCASTER INDUSTRIAL DEVELOPMENT AUTHORITY 2009 SERIES A,B,C DATE THE REBATE COMPUTATION WAS PERFORMED: 07/23/2019 POST-ISSUANCE COMPLIANCE PROCEDURES BOND PROCEEDS ARE TRACKED SEPARATELY IN A SEPARATE GENERAL LEDGER ACCOUNT WHICH IS TIED TO THE FUND BALANCE (REQUISITION REDUCTIONS) IN THE CONSTRUCTION TRUST FUND. REFUND ISSUANCE THE 2016 EAST HEMPFIELD INDUSTRIAL DEVELOPMENT AUTHORITY TAX-EXEMPT BONDS PARTIALLY REFUNDED A PORTION OF THE 2009 A-B & VISTA TAX-EXEMPT BONDS WHICH WERE ORIGINALLY ISSUED ON JULY 23, 2009. FORM 990, PART VI, SECTION A, LINE 3 ACTS ALLIANCE MANAGEMENT, LLC (AAM), D/B/A "WILLOW VALLEY LIVING" (WVL), A NON-AFFILIATED ENTITY, PROVIDES MANAGEMENT SERVICES TO WILLOW VALLEY COMMUNITIES. WVL PROVIDES GENERAL MANAGEMENT AND SUPERVISION, ACCOUNTING, HUMAN RESOURCES AND OTHER SERVICES NEEDED TO MANAGE THE COMMUNITY. KEY POSITIONS OF WVL INCLUDE PRESIDENT AND CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, CHIEF HUMAN RESOURCES OFFICER, CHIEF HOSPITALITY OFFICER AND CHIEF MARKETING OFFICER. IN RETURN FOR THESE SERVICES AND EXPERTISE, WVL RECEIVED A REVENUE-BASED FEE OF $4,002,000 IN 2023. FORM 990, PART VI, SECTION A, LINE 6 ACTS RETIREMENT SERVICES BECAME THEIR SINGLE MEMBER AS OF MAY 21, 2022. FORM 990, PART VI, SECTION A, LINE 7A THE ELECTION OF BOARD OF DIRECTORS SHALL BE HELD AT LEAST ANNUALLY BY THE MEMBER. THE MEMBER ELECTS BOARD MEMBERS FROM THE CANDIDATES THAT ARE PRESENTED TO THE MEMBER FROM THE CORPORATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGEMENT COMPANY'S FINANCE DEPARTMENT PREPARES THE INFORMATION FOR THE FORM 990. OUR INDEPENDENT ACCOUNTING FIRM (BAKER TILLY ADVISORY GROUP, LP) REVIEWS THE INFORMATION AND PREPARES A DRAFT RETURN. THE DRAFT IS REVIEWED BY THE BOARD OF DIRECTORS WITH FILING APPROVAL GIVEN BY THE AUDIT & FINANCE COMMITTEE. PRIOR TO FILING, THE FINAL COPY OF THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. UPON COMPLETION THIS FORM MUST BE NOTARIZED. ONE COPY IS FORWARDED TO PA DEPARTMENT OF INSURANCE AND ANOTHER IS RETAINED BY THE MANAGEMENT COMPANY. AS NEW BUSINESS RELATIONSHIPS ARE DEVELOPED/FORMED, APPROPRIATE QUESTIONS ARE ASKED TO DETERMINE IF POTENTIONAL CONFLICTS EXIST. IN ADDITION, EACH INDIVIDUAL THAT COMPLETED THE FORM IS TO MAKE THE COMMUNITIES AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST THAT THEY MAY BECOME AWARE OF. ANY POTENTIAL CONFLICT WOULD BE REVIEWED, DISCUSSED AND BROUGHT TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR RECOMMENDED RESOLUTION. AN INDIVIDUAL WITH A CONFLICT WILL RECUSE THEMSELVES FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE RETIREMENT COMMUNITIES' EXECUTIVE COMMITTEE OF THE BOARD EVALUATES THE SERVICES PROVIDED BY THE MANAGEMENT COMPANY. PRIOR TO THE RENEWAL OF THE MANAGEMENT CONTRACT, THE EXECUTIVE COMMITTEE OF THE BOARD ENGAGES AN INDEPENDENT COUNSEL TO REVIEW THE TERMS AND CONDITIONS OF THE CONTRACT. ADDITIONALLY, AN INDEPENDENT ACCOUNTING FIRM IS ENGAGED BY INDEPENDENT COUNSEL TO VERIFY THE REASONABLENESS OF THE MANAGEMENT FEES BY COMPARING THE FEES TO OTHER MANAGEMENT CONTRACTS. UPON RECEIPT OF ALL INFORMATION, INCLUDING THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE, THE FULL BOARD OF DIRECTORS TAKES ACTION ON THE RENEWAL OF THE MANAGEMENT CONTRACT. THE CONTRACT IS A FIVE-YEAR CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS TO THE PUBLIC THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS -497,044. CONNECTIONS AT HOME VIA WILLOW VALLEY 600 WILLOW VALLEY SQUARE LANCASTER PA 17602 465013130 HOME CARE PA 353430 83949 WILLOW VALLEY COMMUNITIES MOSAIC REAL ESTATE LLC 100 WILLOW VALLEY LAKES DRIVE LANCASTER PA 17602 842893740 REAL ESTATE PA 100 10640788 WILLOW VALLEY COMMUNITIES WILLOW VALLEY COMMUNITIES CHARITABLE FOUNDATION 100 WILLOW VALLEY LAKES DRIVE WILLOW STREET PA 17584 825031123 SUPPORT WILLOW VALLEY COMMUNITIES PA 501(C)(3) LINE 12A, I WILLOW VALLEY COMMUNITIES 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 WILLOW VALLEY COMMUNITIES CHARITABLE FOUNDATION R 450000 COST MOSAIC REAL ESTATE R 360000 COST