2023-11-14T07:45:01-06:00 2022-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-01-01 231900132 ACTS RETIREMENT-LIFE COMMUNITIES INC ACTS 2156618330 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 SUSAN AHERN SENIOR VICE PRESIDENT, CFO 2156618330 2023-11-13 1 SUSAN AHERN XXX-XX-XXXX 1 KERRI N BOGDA CPA P00760402 7177404863 2023-11-13 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GERALD T GRANT 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 578881245 0 X WWW.ACTSRETIREMENT.ORG X 1971 PA ACTS' PURPOSE IS TO SERVE OLDER ADULTS SIXTY-TWO YEARS OF AGE AND OLDER, PROVIDING RETIREMENT-LIFE SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING CARE AND COMPLEMENTARY SERVICES; RESPONSIVE TO RESIDENT NEEDS IN A CHRISTIAN MANNER WITHOUT PREJUDICE OR PREFERENCE TO ANY FAITH, IN AN EXPRESSION OF LOVING KINDNESS. 15 14 6840 2148 0 0 6081827 4358449 439805798 461186416 12223088 7650339 7584320 12929876 465695033 486125080 136296 119047 0 0 203337630 214239953 0 1500 10057 258989637 280133551 462463563 494494051 3231470 -8368971 1794608174 1949918556 1656203817 1843892330 138404357 106026226 X ACTS IS COMMITTED TO PROVIDING SECURITY AND PEACE OF MIND TO SENIORS BY BEING THE PRE-EMINENT PROVIDER OF RETIREMENT-LIFE SERVICES, RESPONSIVE TO INDIVIDUAL, SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE GRACED WITH LOVING-KINDNESS, DIGNITY, SENSITIVITY, HONESTY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE. 1 0 419779428 119047 461186416 ACTS PROVIDES COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDE INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY, HOUSEKEEPING, MAINTENANCE SERVICES AND SOCIAL, CULTURAL, EDUCATIONAL, SPIRITUAL AND RECREATIONAL ACTIVITIES. IN ADDITION, WHEN A RESIDENT'S HEALTH CARE NEEDS CHANGE, ACTS OFFERS HOME HEALTH, ASSISTED LIVING, SKILLED NURSING CARE AND HOSPICE SERVICES. ALL PHYSICAL ACCOMMODATIONS AND SERVICES ARE PROVIDED IN ITS CONTINUING CARE RETIREMENT COMMUNITIES UNDER THE TERMS OF A FORMAL LIFECARE AGREEMENT WHICH ALSO ASSURES THAT ASSISTED LIVING AND SKILLED NURSING CARE WILL BE PROVIDED TO RESIDENTS WHEN THEY NEED IT, WITHOUT A CHANGE IN THEIR MONTHLY FEE, THEREBY OFFERING FURTHER SECURITY AND PEACE OF MIND. IN 2022, ACTS SERVED, ON AVERAGE, 6,609 RESIDENTS IN INDEPENDENT LIVING, 683 RESIDENTS IN ASSISTED LIVING, AND 1,013 RESIDENTS IN SKILLED CARE. 419779428 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 835 0 6840 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 1 1 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NC FL GA SC AL MD X SUSAN AHERN SENIOR VICE PRESIDENT 2156618330 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 X GERALD T GRANT CEO 31.00 24.10 X X 0 818586 541934 THOMAS D CLEMENS DIRECTOR (TO 10/17/22) 1.00 1.00 X 0 0 0 THOMAS A DUNN III DIRECTOR 2.20 0.40 X 0 0 0 SUSAN B ALLMOND DIRECTOR 1.50 0.20 X 0 0 0 ROBERT B EVANS DIRECTOR 4.00 2.00 X 0 0 0 MICHAEL D KELLY DIRECTOR & TREASURER 2.00 1.00 X X 0 0 0 MARVIN MASHNER DIRECTOR 2.50 2.10 X 0 0 0 JOHN L ESTERHAI JR MD DIRECTOR & CHAIRMAN 2.30 2.00 X X 0 0 0 ELRIC C GERNER DIRECTOR AND SECRETARY 1.70 1.30 X X 0 0 0 DILIP A KULATHUM DIR & VICE CHAIRMAN(TO 12/4/22) 2.00 3.10 X X 0 0 0 JOHN E LAMMERS MD DIRECTOR 1.00 0.50 X 0 0 0 H BRUCE DETWEILER DIRECTOR 0.80 1.50 X 0 0 0 GEORGE R GUNN JR DIRECTOR 1.20 0.30 X 0 0 0 DANIEL W LAWSON II DIRECTOR 0.50 1.60 X 0 0 0 WARREN CALLAWAY DIRECTOR 1.00 0.00 X 0 0 0 JILL GILBERT DIRECTOR 1.00 0.00 X 0 0 0 JASON GREER DIRECTOR 1.00 0.00 X 0 0 0 CHARLES W COXSON III EXEC VP/COO (TO MARCH 2022) 30.00 15.00 X 0 2695355 9536 CHRISTOPHER J HARTMAN SR VP, IT OPERATIONS 30.00 15.00 X 0 224055 20084 DEIRDRE GROENEN SVP, CHIEF HUMAN RESOURCES 30.00 15.00 X 0 308738 19878 GARY J N GINTER SVP, PROCUREMENT & CONTRACT MGMT. 33.00 12.00 X 0 309528 26771 GEORGE R BRYAN VP OF OPERATIONS, SOUTHEAST 30.00 16.00 X 0 287849 29858 GLENN D FOX EXEC VP, LEGAL, ASST. SECRETARY 21.00 29.10 X 0 463488 360930 HOLLY S SCHADE SVP, CHIEF CLINICAL OFFICER 0.00 45.00 X 0 364879 20062 JAMES H PETTY SVP, STRATEGY & MISSION DEV. 30.00 15.00 X 0 346322 30444 JEFFERSON D KAIGHN EXEC VP/CAO 30.00 15.00 X 0 414958 213551 JEREMY O NEELY SVP, COMMUNITY OPERATIONS 30.00 15.00 X 0 318130 25348 JONATHAN D GRANT EXEC VP/COO 30.00 18.10 X 0 381300 25527 KAREN I CHRISTIANSEN PRESIDENT & ASSISTANT TREASURER 32.00 23.10 X 0 593046 212745 KENNETH J KARMERIS SVP, REAL ESTATE & DEVEL. SVCS. 25.00 20.00 X 0 334206 26847 LORI M WOODWARD SVP, CHIEF MARKETING OFFICER 25.00 20.00 X 0 363206 19991 MEGAN LONGLEY VP SALES 30.00 15.00 X 0 286818 18895 PATRICK M PLUMADORE VP, HOSPITALITY & RESTAUR. 30.00 15.00 X 0 296279 12516 PAUL M REINBOLD MD CMD VP & CHIEF MEDICAL DIRECTOR 30.00 15.00 X 0 363519 30438 PETER J KRESS SVP & CIO 30.00 15.00 X 0 328419 26815 SEAN T FLETCHER VP PROP. MGT & CONSTRUCTION 30.00 15.00 X 0 254212 17725 STEPHEN LA PIERRE VP OF OPERATIONS, NORTHEAST 30.00 15.00 X 0 286035 19045 STEPHEN V EGGLES VP OF OPERATIONS, MIDSOUTH 30.00 15.00 X 0 286328 29903 SUSAN AHERN SVP, CFO 31.00 22.10 X 0 313772 30336 TERESA MOORE VP, RESIDENT HEALTH SERVICES 30.00 15.00 X 0 227080 16590 TERUKO A WHITE VP OF OPERATIONS, MID-ATLANTIC 30.00 15.00 X 0 296095 24476 PEGGY C VALDIVIA VP & CONTROLLER 30.50 18.60 X 0 208602 26391 DAVID VEGA VP , OPERATIONS ANALYSIS & COMP 30.00 15.00 X 0 166584 7009 STEVEN W MESSER CAMPUS EXECUTIVE DIRECTOR 40.00 5.00 X 0 207870 22566 BRIAN LEVESQUE EXECUTIVE DIRECTOR 40.00 5.00 X 0 210947 19477 RICHARD CURTIS EXECUTIVE DIRECTOR 40.00 5.00 X 0 213430 22819 ANN BUDDINGTON LICENSED PRACTICAL NURSE 40.00 0.00 X 216133 0 26442 DEBRA RUCKER REGISTERED NURSE 40.00 0.00 X 225396 0 4573 441529 12169636 1939522 75 0 1 0 THE WHITING-TURNER CONTRACTING 300 E JOPPA ROAD BALTIMORE MD 21286 GENERAL CONTRACTOR 37283969 COMPLETE PROPERTY DEVELOPMENT 5455 NW 24TH ST MARGATE FL 33063 GENERAL CONTRACTOR 9411429 EDIFICE INC PO BOX 36349 CHARLOTTE NC 28236 CONTRACTORS 9320755 PROCTOR CONSTRUCTION CO 2050 US HIGHWAY 1 SUITE 200 VERO BEACH FL 32960 CONTRACTORS 9071274 MASTER KRAFT INC 3350 SMITH FARM RD MATTHEWS NC 28104 CONTRACTORS 7593202 209 3966249 392200 4358449 MONTHLY FEES 623000 287928493 287928493 ENTRANCE FEE AMORT. 623000 106721345 106721345 MEDICARE AND MEDICAID 623000 33407177 33407177 MEDICAL SERVICES REV. 623000 20691711 20691711 ADMINISTRATIVE FEE 623000 9347576 9347576 3090114 3090114 461186416 7295460 7295460 1166467 1166467 1021230 878258 142972 142972 142972 91066319 91877907 -811588 -811588 -811588 APARTMENT MODIFICATION 623000 4592056 4592056 DEVELOPMENT FEE INCOME 722514 3936607 3936607 INSURANCE RECOVERY 900099 3332118 3332118 926123 926123 12786904 486125080 461186416 0 20580215 10293 10293 108754 108754 423996 423996 172309222 162566465 9742757 3873966 3779817 94149 24902512 23570359 1332153 12730257 11964788 765469 1297268 1297268 526117 526117 1500 1500 829632 829632 30416969 29463651 953318 3099899 42805 3057094 14642791 12217613 2419178 6000 5169069 5169069 38475705 37727849 747856 977905 819777 158128 431888 431888 25456045 25456045 78424227 73120193 5304034 1995015 1988081 6934 MANAGEMENT SERVICES 36717817 36717817 FOOD EXPENSE 23147575 22553156 594419 MEDICAL SUPPLIES 4932257 4932257 NURSING HOME ASSESSMENT 1463706 1463706 12129666 7569823 4557286 2557 494494051 419779428 74704566 10057 52979 56817 15356855 16469105 17585076 21930508 10804745 9790248 2549620471 1044909976 1334912378 1504710495 365937779 348144734 6742587 6478437 25109175 24667853 18106600 17670359 1794608174 1949918556 66816794 75066307 755737156 855919531 709719819 736365227 98547950 157254428 25382098 19286837 1656203817 1843892330 X 113295182 78603275 25109175 27422951 138404357 106026226 1794608174 1949918556 X -8368971 -36640915 12631755 X X 0 1 X 1 1 1 X 2720765 3839084 19473479 6081827 4358449 36473604 411872297 434046605 441389286 445536283 473973321 2206817792 414593062 437885689 460862765 451618110 478331770 2243291396 0 0 0 2243291396 8857492 9832822 8784659 11372286 9483157 48330416 8857492 9832822 8784659 11372286 9483157 48330416 423450554 447718511 469647424 462990396 487814927 2291621812 0.97890 0.97870 0.02110 0.02130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 494494051 494494051 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 1 45454 496405 484234 57625 0 2929848 1021555 -146238 1146 3804019 2613922 315926 2929848 2613922 78100 78100 2613922 2613922 95047 95047 2613922 2613922 58187 58187 2613922 0.00000 1.00000 0.00000 0 1 1 60469030 60469030 2283510563 904028640 1379481923 38089096 29671360 8417736 167551782 111209976 56341806 1504710495 UNIT DEPOSITS 16969475 FAIR MARKET VALUE OF INVESTMENT CONTRACTS 2317362 19286837 PART V, LINE 4: EFFECTIVE 12/31/2022, THE EVERGREENS (EIN: 21-0634485) MERGED INTO ACTS RETIREMENT-LIFE COMMUNITIES, INC. (EIN 23-1900132). PART OF THE CONTRIBUTIONS IS THE ENDOWMENT FUND FROM THE EVERGREENS TO ACTS RETIREMENT-LIFE COMMUNITIES. PART IV, LINE 1B: ACTS RETIREMENT-LIFE COMMUNITIES, INC. FUNCTIONS AS A CUSTODIAN FOR THE RECEIPT AND DISTRIBUTION OF FUNDS FOR PATIENTS ON MEDICAID. 1 SCHOLARSHIPS OFFERED TO CULINARY EMPLOYEES TO FURTHER THEIR EDUCATION 119 108754 PART I, LINE 2: SCHOLARSHIPS ARE AVAILABLE TO CULINARY AND NUTRITION SERVICE EMPLOYEES WHO MEET CERTAIN CRITERIA. FOR ELIGIBILITY, EMPLOYEES MUST WORK UNDER 40 HOURS PER PAY PERIOD, ARE NOT BENEFIT ELIGIBLE, AND MUST WORK A MINIMUM NUMBER OF HOURS DURING A 16 WEEK PERIOD, OFFERED TWO TIMES A YEAR, JANUARY THROUGH MAY AND AUGUST THROUGH NOVEMBER. EMPLOYEES MEETING ALL REQUIREMENTS ARE GRANTED A VOUCHER GOOD FOR $300 TO $500 EACH DURING 2022 THAT CAN BE USED TO FORWARD THEIR EDUCATION. VOUCHERS ARE PRESENTED TO THE EDUCATIONAL INSTITUTION BY THE SCHOLARSHIP RECIPIENT. ACTS RETIREMENT-LIFE COMMUNITIES REIMBURSES THE EDUCATIONAL INSTITUTION UPON RECEIPT OF ORIGINAL VOUCHER. AT TIMES CONTRIBUTIONS MAY ALSO BE PROVIDED TO OTHER CHARITABLE ORGANIZATIONS TO FURTHER THEIR EXEMPT PURPOSE. CONTRIBUTIONS, OTHER THAN GRANTS, ARE MADE TO CHARITABLE ORGANIZATIONS ONCE ACTS HAS OBTAINED PROOF OF THEIR TAX-EXEMPT STATUS AND FUNDING NEEDS (I.E., CONFERENCE SPONSORSHIPS, ETC.). ACTS DOES NOT MONITOR THESE CONTRIBUTIONS AFTER DISBURSEMENT. X 1 0 0 1 0 0 0 0 0 0 0 CHARLES W COXSON III EXEC VP/COO (TO MARCH 2022) 0 184794 0 101850 0 2408711 0 6192 0 3344 0 2704891 0 2408711 GERALD T GRANT CEO 0 602062 0 216524 0 0 0 527221 0 14713 0 1360520 0 0 GLENN D FOX EXEC VP, LEGAL, ASST. SECRETARY 0 364548 0 98940 0 0 0 346217 0 14713 0 824418 0 0 KAREN I CHRISTIANSEN PRESIDENT & ASSISTANT TREASURER 0 444870 0 148176 0 0 0 194451 0 18294 0 805791 0 0 JEFFERSON D KAIGHN EXEC VP/CAO 0 323818 0 91140 0 0 0 198838 0 14713 0 628509 0 0 JONATHAN D GRANT EXEC VP/COO 0 307944 0 73356 0 0 0 7278 0 18249 0 406827 0 0 PAUL M REINBOLD MD CMD VP & CHIEF MEDICAL DIRECTOR 0 297369 0 66150 0 0 0 12200 0 18238 0 393957 0 0 HOLLY S SCHADE SVP, CHIEF CLINICAL OFFICER 0 290766 0 74113 0 0 0 12200 0 7862 0 384941 0 0 LORI M WOODWARD SVP, CHIEF MARKETING OFFICER 0 289472 0 73734 0 0 0 12200 0 7791 0 383197 0 0 JAMES H PETTY SVP, STRATEGY & MISSION DEV. 0 273309 0 73013 0 0 0 12200 0 18244 0 376766 0 0 KENNETH J KARMERIS SVP, REAL ESTATE & DEVEL. SVCS. 0 266831 0 67375 0 0 0 12200 0 14647 0 361053 0 0 PETER J KRESS SVP & CIO 0 264157 0 64262 0 0 0 12200 0 14615 0 355234 0 0 SUSAN AHERN SVP, CFO 0 254606 0 59166 0 0 0 12200 0 18136 0 344108 0 0 JEREMY O NEELY SVP, COMMUNITY OPERATIONS 0 260171 0 57959 0 0 0 12200 0 13148 0 343478 0 0 GARY J N GINTER SVP, PROCUREMENT & CONTRACT MGMT. 0 251329 0 58199 0 0 0 12200 0 14571 0 336299 0 0 DEIRDRE GROENEN SVP, CHIEF HUMAN RESOURCES 0 246373 0 62365 0 0 0 12200 0 7678 0 328616 0 0 TERUKO A WHITE VP OF OPERATIONS, MID-ATLANTIC 0 238719 0 57376 0 0 0 12037 0 12439 0 320571 0 0 GEORGE R BRYAN VP OF OPERATIONS, SOUTHEAST 0 232803 0 55046 0 0 0 11780 0 18078 0 317707 0 0 STEPHEN V EGGLES VP OF OPERATIONS, MIDSOUTH 0 229825 0 56503 0 0 0 11839 0 18064 0 316231 0 0 PATRICK M PLUMADORE VP, HOSPITALITY & RESTAUR. 0 246261 0 50018 0 0 0 11820 0 696 0 308795 0 0 MEGAN LONGLEY VP SALES 0 236952 0 49866 0 0 0 11253 0 7642 0 305713 0 0 STEPHEN LA PIERRE VP OF OPERATIONS, NORTHEAST 0 233647 0 52388 0 0 0 11416 0 7629 0 305080 0 0 SEAN T FLETCHER VP PROP. MGT & CONSTRUCTION 0 210292 0 43920 0 0 0 10142 0 7583 0 271937 0 0 CHRISTOPHER J HARTMAN SR VP, IT OPERATIONS 0 184972 0 39083 0 0 0 8985 0 11099 0 244139 0 0 TERESA MOORE VP, RESIDENT HEALTH SERVICES 0 186580 0 40500 0 0 0 9042 0 7548 0 243670 0 0 ANN BUDDINGTON LICENSED PRACTICAL NURSE 213708 0 2425 0 0 0 9002 0 17440 0 242575 0 0 0 RICHARD CURTIS EXECUTIVE DIRECTOR 0 182227 0 31203 0 0 0 8808 0 14011 0 236249 0 0 PEGGY C VALDIVIA VP & CONTROLLER 0 177090 0 31512 0 0 0 8482 0 17909 0 234993 0 0 STEVEN W MESSER CAMPUS EXECUTIVE DIRECTOR 0 175675 0 32195 0 0 0 8544 0 14022 0 230436 0 0 BRIAN LEVESQUE EXECUTIVE DIRECTOR 0 180717 0 30230 0 0 0 8646 0 10831 0 230424 0 0 DEBRA RUCKER REGISTERED NURSE 225396 0 0 0 0 0 4497 0 76 0 229969 0 0 0 DAVID VEGA VP , OPERATIONS ANALYSIS & COMP 0 145657 0 20927 0 0 0 0 0 7009 0 173593 0 0 PART I, LINE 1A THE ORGANIZATION HAS AN ANNUAL BOARD OF DIRECTORS' EDUCATIONAL RETREAT NEAR ONE OR MORE OF THE ORGANIZATION'S COMMUNITIES, WHICH MAY REQUIRE SOME OR ALL BOARD MEMBERS TO TRAVEL. SPOUSES OF BOARD MEMBERS ARE ALSO INVITED TO ATTEND AT THE COMPANY'S EXPENSE. THESE SPOUSES PARTICIPATE IN EDUCATIONAL SESSIONS, SINCE THEY TOO HAVE AN INTEREST IN THE MISSION OF THE ORGANIZATION, FREQUENTLY BECOME INVOLVED IN DISCUSSION OF THEIR SPOUSE'S ROLE AND HOW THE ORGANIZATION FUNCTIONS, AND ALSO MUST PROVIDE ENABLING SUPPORT TO THE BOARD MEMBER. IN ADDITION, SPOUSES ALSO PROVIDE INSIGHT INTO THE EFFECTS OF ORGANIZATIONAL PLANS AND STRATEGIES. AS SUCH, THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION. PART I, LINE 3 IT HAS BEEN THE PRACTICE OF THE MANAGEMENT COMPANY, ACTS MANAGEMENT SERVICES, INC., TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATION'S TOP MANAGEMENT POSITIONS, RANGING FROM COMMUNITY MANAGERS UP TO THE CEO. THE STUDY, THE LATEST VERSION OF WHICH WAS COMPLETED IN 2020, INCLUDES COMPARISON OF NOT-FOR PROFIT AND FOR-PROFIT COMPETITORS, OPERATING EFFECTIVENESS, IDENTIFICATION OF INDUSTRY SPECIFIC TRENDS OR PRACTICES IN COMPENSATION OR RECRUITEMENT/EMPLOYMENT. MEASUREMENT AND ACTION ARE GENERALLY FOCUSED AT THE LEVELS FROM THE MEDIAN UP TO THE SEVENTY-FIFTH PERCENTILE AS IDENTIFIED IN THE STUDY. THE REPORTS' GENERAL FINDINGS ARE REVIEWED WITH BOARD OFFICERS. COMPENSATION ADJUSTMENTS FOR THE PRESIDENT & CEO ARE DETERMINED BY A COMMITTEE OF INDEPENDENT BOARD MEMBERS APPOINTED BY THE CHAIRMAN AND ARE BASED ON THE FINDINGS OF THE MOST RECENT STUDY AND A REVIEW OF PERFORMANCE COMPARED AGAINST OBJECTIVE CRITERIA. THIS DETERMINATION IS REPORTED TO AND APPROVED BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN WRITING BY THE BOARD CHAIR. SIMILARLY, COMPENSATION ADJUSTMENTS FOR THE MOST SENIOR MEMBERS OF MANAGEMENT REFLECT STUDY FINDINGS AND PERFORMANCE MEASUREMENT AGAINST SPECIFIED CRITERIA AND ARE DETERMINED BY THE CEO AND REVIEWED WITH THE BOARD CHAIR. PART I, LINE 4B OTHER COMPENSATION FOR KAREN I. CHRISTIANSEN, GERALD T. GRANT, GLENN D. FOX, AND JEFFERSON D. KAIGHN INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE AMOUNT OF THE CURRENT YEAR ACCRUAL IS $182,251 FOR KAREN I. CHRISTIANSEN (NON-VESTED), $515,021 FOR GERALD T. GRANT (NON-VESTED), $334,017 FOR GLENN D. FOX (NON-VESTED), AND $186,638 FOR JEFFERSON D. KAIGHN (NON-VESTED). OTHER COMPENSATION FOR CHARLES W. COXSON, III, REFLECTS A SUPPLEMENTAL RETIREMENT PAYMENT OF $2,408,711. A PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 69650MAK5 2012-07-25 14647385 ISSUED TO REFUND THE SERIES 1998 FL BONDS, ISSUED DEC. 1998 0 0 0 B GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581501826 362763AN4 2012-07-25 13343290 ISSUED TO REFUND THE SERIES 1999 BONDS, ISSUED DEC. 1999 0 0 0 C GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY 581501826 362754DM2 2003-12-10 38500000 GA VARIABLE RATE BONDS SERIES 2003B ISSUED TO FUND COMMUNITY EXPANSION 0 0 0 D ESCAMBIA COUNTY HEALTH FACILITIES AUTHORITY 521378815 296110FA2 2003-07-24 25395000 TO FUND CAPITAL AND REFUND SERIES 1997 BONDS ISSUED MARCH, 1997 0 0 0 A 5735000 14647385 2110726 157094 13823791 2012 1 0 1 1 B 12080000 13343290 143578 12627362 2012 1 0 1 1 C 13485000 38500000 2688351 703271 580000 33026073 1940656 2005 0 0 1 1 D 11055000 25395000 1048064 507900 1312615 22364390 2003 1 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 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1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 HOLLY SCHADE OFFICER OF ACTS 43588 FAMILY RELATIONSHIP; HOLLY SCHADE, AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS ONE FAMILY MEMBER WHO IS EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MRS. SCHADE DOES NOT DIRECTLY SUPERVISE THESE INDIVIDUALS, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 TERUKO WHITE OFFICER OF ACTS 84335 FAMILY RELATIONSHIP; TERUKO WHITE, AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS TWO FAMILY MEMBERS WHO ARE EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MRS. WHITE DOES NOT DIRECTLY SUPERVISE THESE INDIVIDUALS, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 CHRISTOPHER J HARTMAN SR OFFICER OF ACTS 178823 FAMILY RELATIONSHIP; CHRISTOPHER J. HARTMAN, SR., AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS TWO FAMILY MEMBERS WHO ARE EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MR. HARTMAN DOES NOT DIRECTLY SUPERVISE THESE INDIVIDUALS, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 STEPHEN EGGLES OFFICER OF ACTS 117250 FAMILY RELATIONSHIP; STEPHEN EGGLES, AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS ONE FAMILY MEMBER WHO IS EMPLOYED BY ACTS RETIREMENT-LIFE COMMUNITIES, INC. MR. EGGLES DOES NOT DIRECTLY SUPERVISE THESE INDIVIDUALS, AND THEREFORE IS NOT INVOLVED IN DETERMINING COMPENSATION AND REVIEWING PERFORMANCE. 0 FORM 990, PART III, LINE 2 EFFECTIVE 12/31/2022 AT 11:59 PM, THE EVERGREENS (EIN 21-0634485) MERGED INTO ACTS RETIREMENT-LIFE COMMUNITIES, INC. (EIN 23-1900132) AS AN OPERATING DIVISION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO TRANSACT SUCH BUSINESS AS SHALL BE NECESSARY FOR THE ADMINISTRATION AND OPERATION OF THE CORPORATION BETWEEN BOARD OF DIRECTORS' MEETINGS SUBJECT TO CERTAIN LIMITS SPECIFIED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 KAREN I. CHRISTIANSEN, AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC., HAS A FAMILY RELATIONSHIP WITH CHRISTOPHER J. HARTMAN, WHO IS ALSO AN OFFICER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 3 ACTS MANAGEMENT SERVICES, INC., AN AFFILIATED ENTITY, PROVIDES MANAGEMENT SERVICES TO ACTS RETIREMENT-LIFE COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 6 ACTS RETIREMENT-LIFE COMMUNITIES, INC. IS A PENNSYLVANIA TAX-EXEMPT ORGANIZATION OF WHICH ACTS RETIREMENT SERVICES, INC., A RELATED PENNSYLVANIA TAX-EXEMPT ORGANIZATION, IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B ACTS RETIREMENT SERVICES, INC., A RELATED PENNSYLVANIA TAX-EXEMPT ORGANIZATION, IS THE SOLE MEMBER OF ACTS RETIREMENT-LIFE COMMUNITIES, INC. AS SOLE MEMBER, IT HAS THE RIGHT TO APPROVE ALL AMENDMENTS OR ALTERATIONS TO THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS BEFORE CHANGES BECOME EFFECTIVE. FORM 990, PART VI, SECTION B, LINE 11B AFTER REVIEW BY THE ACTS' CFO, THE FORM 990 IS REVIEWED, BEFORE FILING, BY THE ACTS BOARD OF DIRECTORS' AUDIT AND COMPLIANCE COMMITTEE, WHICH INCLUDES TWO CERTIFIED PUBLIC ACCOUNTANTS. THE FORM 990 IS THEN PROVIDED TO THE OTHER MEMBERS OF THE ACTS RETIREMENT-LIFE COMMUNITIES, INC. GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ON AN ANNUAL BASIS BY THE ORGANIZATION'S OFFICERS, DIRECTORS AND TRUSTEES. THE OFFICERS AND DIRECTORS REPORT ON ANY FAMILY OR BUSINESS RELATIONSHIPS WITH ANY BOARD MEMBER, OFFICER OR KEY EMPLOYEE OF THE ORGANIZATION AND ITS AFFILIATES. IF ANY FAMILY OR BUSINESS RELATIONSHIPS ARE DISCLOSED, THEY ARE REPORTED ON SCHEDULE L AS APPROPRIATE. IN ADDITION, THE RESPONSES ARE REVIEWED BY THE PRESIDENT & CEO AND CHAIRMAN OF THE BOARD OF DIRECTORS TO DETERMINE IF CONFLICTS ARE PRESENT AND IF SO, THE EXTENT OF THE CONFLICT. FOR CONFLICTS THAT ARISE, THE OFFICER, DIRECTOR OR TRUSTEE MUST RECUSE THEMSELVES FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS THAT INVOLVE THE DETERMINED CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 IT HAS BEEN THE PRACTICE OF THE MANAGEMENT COMPANY, ACTS MANAGEMENT SERVICES, INC., TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATIONS' TOP MANAGEMENT POSITIONS, RANGING FROM COMMUNITY MANAGERS UP TO THE CEO. THE STUDY, THE LATEST VERSION OF WHICH WAS COMPLETED IN 2020, INCLUDES COMPARISON OF NOT-FOR-PROFIT AND FOR-PROFIT COMPETITORS, OPERATING EFFECTIVENESS, AND IDENTIFICATION OF INDUSTRY SPECIFIC TRENDS OR PRACTICES IN COMPENSATION OR RECRUITMENT/EMPLOYMENT. MEASUREMENT AND ACTION ARE GENERALLY FOCUSED AT THE LEVELS FROM THE MEDIAN UP TO THE SEVENTY-FIFTH PERCENTILE AS IDENTIFIED IN THE STUDY. COMPENSATION ADJUSTMENTS FOR THE PRESIDENT & CEO ARE DETERMINED BY A COMMITTEE OF INDEPENDENT BOARD MEMBERS APPOINTED BY THE CHAIRMAN AND ARE BASED ON THE FINDINGS OF THE MOST RECENT STUDY AND A REVIEW OF PERFORMANCE COMPARED AGAINST OBJECTIVE CRITERIA. THIS DETERMINATION IS REPORTED TO AND APPROVED BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN WRITING BY THE BOARD CHAIR. SIMILARLY, COMPENSATION ADJUSTMENTS FOR THE MOST SENIOR MEMBERS OF MANAGEMENT REFLECT STUDY FINDINGS AND PERFORMANCE MEASUREMENT AGAINST SPECIFIED CRITERIA AND ARE DETERMINED BY THE CEO AND REVIEWED WITH THE BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE FILED WITH NUMEROUS REGULATORY AUTHORITIES AND, THEREFORE, ARE AVAILABLE TO THE PUBLIC. IN ADDITION, UPON RECEIPT OF A REQUEST AND ITS REVIEW, THE ORGANIZATION WILL MAKE AVAILABLE SUCH DOCUMENTS, AS DEEMED APPROPRIATE. AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. CERTAIN FINANCIAL STATEMENTS, SUCH AS ANNUAL REPORTS AND QUARTERLY REPORTS, ARE POSTED TO THE ORGANIZATION'S WEBSITE AND ARE ALSO AVAILABLE AT EACH OF THE ORGANIZATION'S COMMUNITIES. IN ADDITION, FINANCIAL INFORMATION IS INCLUDED IN THE DISCLOSURE PACKAGES THAT ARE PROVIDED TO PROSPECTIVE RESIDENTS AND MADE AVAILABLE TO THE PUBLIC. CERTAIN OTHER FINANCIAL STATEMENTS ARE ALSO PROVIDED UPON REQUEST. FORM 990, PART VII, COMPENSATION OF OFFICERS* OTHER COMPENSATION INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR KAREN I. CHRISTIANSEN (NON-VESTED), GERALD T. GRANT (NON-VESTED), GLENN D. FOX (NON-VESTED), AND JEFFERSON D. KAIGHN (NON-VESTED). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 44,180. CHANGE IN BENEFICIAL INTEREST IN INVESTMENTS OF ACTS LEGACY FOUNDATION -441,322. EVERGREEN MERGER INTO ACTS RETIREMENT-LIFE COMMUNITIES, INC. 13,177,232. EARLY CONTRACT TERMINATION -148,335. PART XII, FINANCIAL STATEMENTS AND REPORTING THE ORGANIZATION'S ANNUAL FINANCIAL STATEMENTS ARE AUDITED ON A CONSOLIDATED BASIS AND THE ORGANIZATION HAS AN AUDIT AND COMPLIANCE COMMITTEE CONSISTING OF BOARD MEMBERS ONLY THAT EXERCISES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. 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