2013-03-29T12:28:45-05:00 2012-06-30 232932984 PARENTEBEARD LLC 400 MARKET STREET WILLIAMSPORT PA 17701 990 2011-07-01 251542218 FOXDALE VILLAGE CORPORATION FOXD 8142383322 500 EAST MARYLYN AVENUE STATE COLLEGE PA 16801 COREY HAMILTON 8142383322 2013-03-28 1 JULIUS C GREEN CPA JD P00350393 5703236023 2013-03-27 2011 2016-02-25 16:41:14Z COREY HAMILTON 500 EAST MARYLYN AVENUE STATE COLLEGE PA 16801 21441589 0 X WWW.FOXDALEVILLAGE.ORG X 1986 PA FOXDALE VILLAGE IS A NOT-FOR-PROFIT QUAKER-DIRECTED CONTINUING CARE RETIREMENT COMMUNITY. 17 17 249 100 0 0 1539518 1149564 10338819 12244196 708522 138144 86056 57876 12672915 13589780 63120 98978 0 0 5873099 6799533 5300 0 118363 4136652 5570618 10078171 12469129 2594744 1120651 55725829 79585326 46809235 69269948 8916594 10315378 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 9950477 98978 12244196 NOW IN 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 SAFE, 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 FOR PROFESSIONAL DEVELOPMENT WHICH IS INCLUDED IN THE ANNUAL BUDGET AND MADE AVAILABLE THANKS TO PHILANTHROPIC SUPPORT, 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 NEEDS, HOUSING, OR EDUCATIONAL EXPENSES. DONORS HAVE ALSO SUPPORTED STAFF WELLNESS PROGRAMS, LANDSCAPE AND GARDENS, AND OTHER PROGRAMS AND PROJECTS.IN THE 2012 FISCAL YEAR, FOXDALE SERVED 319 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 AND COTTAGES, BUT CAN REST COMFORTABLY WITH THE KNOWLEDGE THAT PERSONAL CARE AND SKILLED NURSING FACILITIES ARE AVAILABLE SHOULD THEY ONE DAY REQUIRE THESE TYPES OF SUPPORT. FOLLOWING A RECENT EXPANSION, FOXDALE NOW HAS 57 APARTMENTS, 147 COTTAGES, 32 LICENSED SKILLED NURSING PRIVATE ROOMS AND 35 PRIVATE PERSONAL CARE ROOMS. AMONG OTHER THINGS, THIS $50 MILLION EXPANSION IS ENABLING FOXDALE TO PROVIDE TWO LEVELS OF SUPPORT TO RESIDENTS LIVING WITH MEMORY CHALLENGES AND TO INSTILL A SECURE, OUTDOOR MEMORY GARDEN INTENTIONALLY DESIGNED TO PROVIDE A SAFE ENVIRONMENT WHILE MAINTAINING AND SUPPORTING THE HIGHEST QUALITY OF LIFE POSSIBLE. THE EXPANSION ALSO ENABLES 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 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, 42% 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 PARTICIPATES EACH YEAR IN VARIOUS QUALITY IMPROVEMENT AND RISK MANAGEMENT INITIATIVES WITH OTHER FAITH BASED COMMUNITIES. 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 CONTINUES TO OUTPACE ITS PEERS ON MOST FINANCIAL RATIOS RELATED TO LIQUIDITY AND OPERATING MARGIN. 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 INTERNET ACCESS SYSTEM IS JUST ONE EXAMPLE OF THE TYPES OF ONGOING IMPROVEMENTS PUT INTO PLACE DURING 2012 FOR OUR RESIDENTS. FOXDALE HAS ALSO MAINTAINED ITS COMMITMENT TO THE QUAKER PRINCIPLE OF STEWARDING THE EARTH WHILE ENSURING SOUND FISCAL MANAGEMENT. THE NEW RENOVATION AND EXPANSION INCLUDES 2,900 LED LIGHT FIXTURES AND A NEW GEOTHERMAL SYSTEM THAT HEATS AND COOLS ALMOST 90,000 SQUARE FEET OF LIVING SPACE. THE POWER FOR ALL OF FOXDALE IS PROVIDED FROM A NEW ONE YEAR CONTRACT TO PURCHASE POWER FROM ONLY WIND-POWER PROVIDERS. IN ADDITION, FOXDALE AND ITS RESIDENTS ALSO PARTICIPATE IN NUMEROUS RECYCLING PROGRAMS WITH RESIDENT MEMBERS OF THE FOXDALE WOODSHOP HAVING CONTRIBUTED 150 HOURS OF THEIR TIME TO CONSTRUCT NEW RECYCLING UNITS WHICH HAVE BEEN PLACED ON CAMPUS.AS FOXDALE MOVES TOWARD ITS 25TH ANNIVERSARY IN 2015, THE COMMUNITY CONTINUES TO TEND TO ITS ROOTS WHILE ENCOURAGING NEW GROWTH. TO LEARN MORE ABOUT FOXDALE PLEASE VISIT WWW.FOXDALEVILLAGE.ORG. TO LEARN MORE ABOUT THE EXPANSION PLEASE VISIT: WWW.FOXDALEVILLAGE.ORG/EXPANSION.HTML. 9950477 1 1 0 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 46 0 1 249 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 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 X 0 0 0 JOHN BUZZELL 2.00 X 0 0 0 SUZANNE ADAIR 5.00 X X 0 0 0 LYNNE GRUTZECK 10.00 X X 0 0 0 LAURIE JEFFREYS 2.00 X 0 0 0 BRUCE KNOX 25.00 X X 0 0 0 PETER MARSHALL 10.00 X X 0 0 0 GREGORY OLSEN 2.00 X 0 0 0 ROBERT SCHRAUF 2.00 X 0 0 0 RICHARD SHAW 2.00 X 0 0 0 ANN SIDONE 25.00 X X 0 0 0 MYRA SLETSON 2.00 X 0 0 0 KIMBERLI MORRIS 2.00 X 0 0 0 PATRICK MORSE 2.00 X 0 0 0 MARJORIE NELSON 2.00 X 0 0 0 BETH JOHNSTON 2.00 X 0 0 0 LISA MARSHALL 2.00 X 0 0 0 COREY HAMILTON 40.00 X 119101 0 20801 WILLIAM JAMES 40.00 X 158767 0 26644 277868 0 47445 2 0 1 0 SODEXO 9801 WAHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 DINING MANAGEMENT SERVICES 987244 REESE LOWER PATRICK & SCOTT 1910 HARRINGTON DRIVE LANCASTER PA 17601 ARCHITECT SERVICES 277604 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 REHAB/THERAPIES 225549 TAG MARKETING LLC 20030 CENTURY BLVD SUITE 300 GERMANTOWN MD 20874 MARKETING MANAGEMENT SERVICES 104947 4 1149564 1149564 RESIDENT SERV REVENUES 623000 12234796 12234796 APPLICATION FEES 623000 9400 9400 12244196 239692 239692 24369 21976 2393 2393 2393 7728285 7829833 -101548 -101548 -101548 DINING REVENUE 900099 27761 27761 GUEST HOUSE REVENUE 721000 18765 18765 GIFT SHOP REVENUE 453220 3703 3703 5254 5254 55483 13589780 12244196 0 196020 98978 98978 323398 323398 4437204 3912272 442171 82761 109644 90863 15510 3271 1154519 1039747 107486 7286 774768 713374 61394 39278 39278 36227 36227 522117 383669 135328 3120 185815 2304 183511 467259 401634 60625 5000 70498 43872 26626 476325 476325 41995 31708 7787 2500 12623 7715 4908 774968 774968 1315700 1281545 34155 79567 79567 FOOD 436750 436440 310 PHARMACY 342531 342531 REPAIRS & MAINTENANCE 227699 223826 3873 THERAPIES 224484 224484 316782 159623 142734 14425 12469129 9950477 2400289 118363 898 898 4053852 5948119 1500000 1009774 124835 221360 866041 1294094 136342 74198 66487740 8951925 36216159 57535815 12186731 12547907 640971 953161 55725829 79585326 4589353 3381200 17032605 25548204 23386959 39833318 1500000 0 300318 507226 46809235 69269948 X 5112275 5427197 3711198 4729442 93121 158739 8916594 10315378 55725829 79585326 X 1120651 278133 X 0 1 1 X 0 X 134922 684561 360345 1539518 1268900 3988246 9378479 9620471 10331478 10338819 12244196 51913443 9513401 10305032 10691823 11878337 13513096 55901689 0 0 0 55901689 380797 165434 181148 233914 264061 1225354 380797 165434 181148 233914 264061 1225354 36129 30558 29718 69417 55483 221305 9930327 10501024 10902689 12181668 13832640 57348348 0.97480 0.97140 0.02140 0.02550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 942828 942828 52106797 7560305 44546492 4239968 1391620 2848348 9198147 9198147 57535815 UNEARNED RESIDENT AND HEALTHCARE FEES 164711 REFUNDABLE DEPOSITS 307060 PRIORITY FEE DEPOSITS 35455 507226 13589780 12469129 1120651 155212 122921 278133 1398784 13891922 155212 124954 280166 13611756 -21976 -21976 13589780 12493138 24009 24009 12469129 0 12469129 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 2012 AND 2011. THE CORPORATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2012, 2011, 2010, AND 2009 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -2,033. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 5,618. RESIDENT APARTMENT UPGRADES PAID FOR BY RESIDENTS 119,336. TOTAL TO SCHEDULE D, PART XI, LINE 8: 122,921. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 5,618. RESIDENT APARTMENT UPGRADES (PAID FOR BY RESIDENTS) 119,336. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -21,976. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 21,976. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 2,033. 1 FINANCIAL ASSISISTANCE TO FOXDALE RESIDENTS. 6 98978 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 X 0 0 0 0 0 0 0 0 0 WILLIAM JAMES 158767 0 0 0 0 0 6210 0 20434 0 185411 0 0 0 CENTRE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 202121974 2010-10-14 30000000 NEW CONSTRUCTION AND CAMPUS RENOVATION 0 0 0 CENTRE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 202121974 2011-07-27 9650000 NEW CONSTRUCTION AND CAMPUS RENOVATION 0 0 0 CENTRE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 202121974 2012-02-09 9335590 NEW CONSTRUCTION AND CAMPUS RENOVATION 0 0 0 30000000 609006 329373 27982386 1079235 2012 0 0 0 1 9650000 169823 140234 7754600 300948 1284395 2013 0 0 0 1 9335590 29794 139969 1245150 52800 7867877 2013 0 0 0 1 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 0 1 1 0 0.00000 0.00000 0.00000 1 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 X DENNIS AND STEVE HAMILTON FATHER AND BROTHER OF THE DIRECTOR OF FINANCIAL SERVICES 40482 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 2011/2012 FISCAL YEAR, THE PURCHASES AMOUNT TO ABOUT $40,000. THE PURCHASES WERE PRIMARILY FOR CARPET INSTALLATION ALONG WITH WINDOW COVERINGS WHICH ARE USED IN THE RESIDENT APARTMENTS. ALL OF THESE SERVICES AND PURCHASES WERE MADE THROUGH THE DIRECTORS OF MAINTENANCE AND ENVIRONMENTAL SERVICES WITH NO INVOLVEMENT FROM THE DIRECTOR OF FINANCIAL SERVICES. TOP TO BOTTOM INTERTIORS HAS BEEN AWARDED A PORTION OF THE CONSTRUCTION PROJECT BY BENCHMARK CONSTRUCTION. BENCHMARK BID ALL AREAS AND CHOOSE THE FINAL CONTRACTORS WITHOUT COREY'S INVOLVEMENT. THROUGH JUNE OF 2012, BENCHMARK HAS PAID TOP-TO-BOTTOM $262 THOUSAND OF THE $365 THOUSAND CONTRACT. 0 MYRA SLETSON BOARD MEMBER 94977 NORTHWEST SAVINGS BANK HAS BEEN CHOSEN AS THE LEAD LENDER FOR FOXDALE'S EXPANSION PROJECT. MYRA IS THE CREDIT OFFICER AT NORTHWEST AND WILL BE THE LENDER ON THE ACCOUNT. FOXDALE HAS SIGNED A COMMITMENT LETTER WITH NORTHWEST SAVINGS BANK TO BE THE LEAD BANK ON 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 DID NOT PARTICIPATE IN ANY OF THE DISCUSSIONS RELATING TO THE FINANCING. LOAN ORIGINATION FEES WERE $94,977. 0 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 2011/2012. 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: 155,212. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -2,033. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 5,618. RESIDENT APARTMENT UPGRADES PAID FOR BY RESIDENTS 119,336. TOTAL TO FORM 990, PART XI, LINE 5: 278,133.