2024-05-15T08:51:46-05:00 2023-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2022-07-01 823596152 EDGEWATER PLACE INC % LYNDA OLINSKI EDGE 5745374000 11351 LAFAYETTE PLAIN CITY ROAD PLAIN CITY OH 43064 LYNDA OLINSKI CFO 5745374000 2024-05-15 true LYNDA OLINSKI 999009999 Lauren R Denton P01571860 2604604000 2 2022 2023-04-26 12:10:37Z LYNDA OLINSKI 1721 GREENCROFT BLVD GOSHEN IN 46526 2515159 false X WWW.EDGEWATERPLACE.US X 2017 IN SEE SCHEDULE O. 9 9 53 4 0 0 109122 0 2524270 2496473 5407 5068 18611 13618 2657410 2515159 0 0 0 0 1606447 1893126 0 0 0 1074242 1206726 2680689 3099852 -23279 -584693 7996401 7762053 6750881 7101226 1245520 660827 X EDGEWATER PLACE, INC. IS A NON-PROFIT ASSISTED LIVING COMMUNITY, LOCATED IN PLAIN CITY, OHIO. IT SERVES RESIDENTS IN THE CENTRAL OHIO AREA, INCLUDING NEARBY DUBLIN, DELAWARE, HILLIARD, LONDON, POWELL, WESTERVILLE AND MARYSVILLE. IT IS AFFILIATED WITH GREENCROFT RETIREMENT COMMUNITIES, INC., ("GRC") A 501(C)(3) ORGANIZATION. THE FOCUS OF EDGEWATER PLACE IS TO PROVIDE HOUSING, ASSISTED LIVING, AND CARE TO THE ELDERLY ON A NON-PROFIT BASIS. false false 2742203 2510091 EDGEWATER PLACE IS A FIFTY-SIX (56) UNIT ASSISTED LIVING BUILDING. WE HAVE A COMMON DINING ROOM THAT PROVIDES THREE MEALS A DAY TO OUR RESIDENTS. THERE ARE SEVERAL COMMON SPACES FOR RESIDENTS TO USE INCLUDING: AN ACTIVITY ROOM, OUTSIDE PORCHES, LAUNDRY ROOMS, COMMON GATHERING ROOMS, ETC. WE ARE LICENSED TO SERVE 80 RESIDENTS. OUR ROOMS CAN BE SINGLE OCCUPANCY OR DOUBLE OCCUPANCY, IF A MARRIED COUPLE. WE HAVE 39 RESIDENTS LIVING IN OUR COMMUNITY AS OF JUNE 30, 2023. 2742203 true false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false false false true true true false false true 6 0 true 53 true false false false false false false false false false false false false X 9 9 false true false false true true true true true false false true true true true true true true true false OH X LYNDA OLINSKI 5745374000 1721 GREENCROFT BLVD GOSHEN IN 46526 SCOTT MARTIN TREASURER 1.0 44.0 X 0 169330 42396 RYDELL BONTRAGER SECRETARY 1.0 44.0 X 0 144621 57871 AIMEE RIEMKE ASSISTANT SECRETARY 0.2 44.8 X 0 136740 54949 SANDRA HARRIS END 1222 PRESIDENT 39.0 1.0 X 0 108680 13862 ERIC HERSHBERGER START 1022 ASSSITANT TREASURER 1.0 44.0 X 0 80215 701 DALE SHENK END 1022 ASSISTANT TREASURER 0.3 11.7 X 0 43784 0 DAVE WEAVER CHAIR 1.0 1.0 X X 0 0 0 STEVE GARBODEN BOARD MEMBER 1.0 1.0 X 0 0 0 JULIE CROSSLEY BOARD MEMBER 1.0 1.0 X 0 0 0 JIM EVANS BOARD MEMBER 1.0 1.0 X 0 0 0 AMY FLORIA BOARD MEMBER 1.0 1.0 X 0 0 0 JONATHAN GEISER BOARD MEMBER 1.0 1.0 X 0 0 0 BYRON SHETLER BOARD MEMBER 1.0 1.0 X 0 0 0 JIM RIDENOUR BOARD MEMBER 1.0 1.0 X 0 0 0 DIANE WOODWORTH BOARD MEMBER 1.0 1.0 X 0 0 0 JENNIFER STARKEY PRESIDENT (BEGIN 06/23) 39.0 1.0 X 0 0 0 0 683370 169779 0 false true false DEDICATED NURSING ASSOCIATES 3535 FISHINGER BLVD HILLIARD OH 43026 AGENCY STAFFING 171204 SHIFTKEY LLC 5221 NO CONNOR BLVD IRVING TX 75039 AGENCY STAFFING 115373 CONNECTRN INC 203 CRESCENT ST STE 403 WALTHAM MA 02453 AGENCY STAFFING 112975 3 0 RESIDENT SERVICES 623000 2496473 2496473 2496473 4768 4768 0 0 0 0 0 300 300 300 300 0 0 0 0 0 0 0 0 0 BEAUTY/BARBERSHOP INCOME 623990 13372 13372 MISC. REVENUE 900099 246 246 13618 2515159 2510091 5068 0 0 0 0 0 0 1758715 1670780 87935 0 75559 71781 3778 58852 55910 2942 0 6919 6919 19583 19583 0 0 0 173143 129857 43286 60810 60810 201139 100570 100569 13609 13609 0 125618 125618 5280 5280 0 0 295454 295454 0 251192 251192 23232 23232 DUES & SUBSCRIPTIONS 3456 3456 LAUNDRY & LINEN 1326 1326 REPAIRS & MAINTENANCE 20988 20988 LICENSES & FEES 3090 3090 1887 1662 225 3099852 2742203 357649 0 51811 35112 1352313 1357079 0 0 27952 28495 0 0 0 0 0 0 0 0 0 0 7666158 1324791 6564325 6341367 0 0 0 0 0 0 0 0 0 0 7996401 7762053 131642 465388 0 0 0 0 0 0 0 0 0 0 5086232 4877695 0 0 1533007 1758143 6750881 7101226 X 1245520 660827 0 0 1245520 660827 7996401 7762053 X -584693 X false true X true false X 100000 30100 225341 109122 0 464563 2343824 2419269 2300816 2542881 2510091 12116881 0 0 0 2443824 2449369 2526157 2652003 2510091 12581444 0 986757 1148709 1030551 1089657 1319938 5575612 986757 1148709 1030551 1089657 1319938 5575612 7005832 17021 16483 8724 5407 4768 52403 0 17021 16483 8724 5407 4768 52403 0 0 2460845 2465852 2534881 2657410 2514859 12633847 0.55453 0.57050 0.00415 0.00470 X 680400 680400 6831554 1233009 5598545 88581 26190 62391 65623 65592 31 6341367 0 DUE TO AFFILIATES 1558143 LONG-TERM SUBORDINATED DEBT 200000 1758143 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. false false false false false false false false false SCOTT MARTIN TREASURER 157710 11224 396 10786 31610 211726 RYDELL BONTRAGER SECRETARY 136203 8280 138 14729 43142 202492 AIMEE RIEMKE ASSISTANT SECRETARY 125626 10976 138 20242 34707 191689 SCHEDULE J, PART I THIS ENTITY RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE PRESIDENT/CEO: 1.) COMPENSATION SURVEY OR STUDY 2.) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 3: THE ORGANIZATION IS UNDER A MANAGEMENT/AFFILIATION CONTRACT WITH GREENCROFT RETIREMENT COMMUNITIES, INC. (GRC), A RELATED TAX-EXEMPT ORGANIZATION. ACCORDING TO THE AGREEMENT, GRC HAS THE SOLE AND EXCLUSIVE RIGHT TO SUPERVISE, MANAGE, AND OPERATE THE ORGANIZATION'S FACILITY ("THE FACILITY"). IN ADDITION, GRC HAS THE SOLE CONTROL AND DISCRETION WITH REGARD TO THE OPERATION AND MANAGEMENT OF THE FACILITY FOR ALL CUSTOMARY PURPOSES, AS WELL AS THE RIGHT TO DETERMINE ALL OPERATING POLICIES AFFECTING OR CONCERNING THE APPEARANCE AND MAINTENANCE STANDARDS OF OPERATION, AND ANY OTHER MATTER AFFECTING THE FACILITY OR THE OPERATION THEREOF. THE AGREEMENT TERMINATES IN JUNE 2028, WITH AN OPTION FOR ANNUAL EXTENSIONS. FORM 990, PART VI, SECTION A, LINE 6: THE ORGANIZATION HAS ONE MEMBER, GREENCROFT RETIREMENT COMMUNITIES, INC (GRC), THAT IS ALSO A RELATED TAX-EXEMPT ORGANIZATION. THE RESERVED POWERS OF THE SOLE MEMBER ARE AS FOLLOWS: 1. APPROVAL TO ANY CHANGES IN CORPORATE MISSION, WHICH MAY BE PROPOSED BY THE ORGANIZATION, BUT WHICH SHALL BECOME EFFECTIVE ONLY UPON APPROVAL OF GRC 2. APPROVAL OF NOMINATED CANDIDATES TO SERVE AS DIRECTOR OF THE ORGANIZATION 3. THE CREATION OR DISCONTINUATION OF PROGRAMS OR SERVICES OFFERED BY THE ORGANIZATION 4. AMENDMENTS TO THE BYLAWS AND ARTICLES OF INCORPORATION 5. APPROVAL OR THE ADOPTION OF THE ANNUAL BUDGET 6. APPROVAL OF NON-BUDGETED CONTRACTS AND/OR NON-BUDGETED PURCHASES OF OVER $50,000 7. THE INCURRENCE OF INDEBTEDNESS OF OVER $500,000 8. THE SALE OF REAL ESTATE 9. THE DONATION OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS 10. ANY MERGER OR CONSOLIDATION WITH ANY OTHER ORGANIZATION, OR THE PARTIAL OR TOTAL DISSOLUTION OF THE ORGANIZATION 11. THE CREATION OF SUBSIDIARY CORPORATIONS, LLCS, PARTNERSHIPS, OR OTHER ENTERPRISES 12. THE ACQUISITION OF CONTROLLING INTERESTS IN ANOTHER ENTITY 13. THE APPOINTMENT OF THE PRESIDENT/CEO, CFO, SECRETARY, AND TREASURER OF THE CORPORATION (BUT NOT THE OFFICERS OF THE BOARD OF DIRECTORS) 14. THE REMOVAL OF THE CHAIR OF THE BOARD OF DIRECTORS, WITH OR WITHOUT 13. THE APPOINTMENT OF THE PRESIDENT/CEO, CFO, SECRETARY, AND TREASURER OF THE CORPORATION (BUT NOT THE OFFICERS OF THE BOARD OF DIRECTORS) 15. THE REMOVAL OF MEMBERS OF THE BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE NOTWITHSTANDING THESE RESERVED POWERS, THE MEMBER HAS NO FINANCIAL OBLIGATIONS OR RESPONSIBILITIES FOR ANY ACTIONS OF THE ORGANIZATION BY REASON OF SERVING AS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A: SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION A, LINE 7B: SEE NARRATIVE FOR PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION B, LINE 11B: A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PRESENTED BY OUR TAX ADVISORS TO THE ORGANIZATION'S AUDIT COMMITTEE AT A REGULARLY SCHEDULED MEETING. A COPY OF THE FINAL DRAFT IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO ITS FILING. THIS ALLOWS THE BOARD OF DIRECTORS AND MANAGEMENT TO REVIEW AND PROVIDE COMMENTS AND EXPLANATIONS REGARDING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C: BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. THE TREASURER REVIEWS EACH POLICY STATEMENT SIGNED BY THESE INDIVIDUALS TO DETERMINE IF ANY CONFLICTS HAVE OCCURRED AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN HIM/HERSELF FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15: Edgewater Place's (EP) philosophy is to compensate team members in a fair manner for the worth of work provided within the current market value range for each position in the organization. EP conducts periodic review of the market to develop average wages for positions within Edgewater Place. Edgewater Place starts team members, that meet the minimum requirements for the position, at/or near the starting wage. We make adjustments to the starting wage based on years of experience in that specific position. Our compensation philosophy for team members of our organization is based on various tiers. The first tier is general team members. We have hired an outside consultant to develop a compensation system for all of Edgewater Place's positions. The consultants developed a system with wage scales that use the marketplace average for key positions as the starting point for the scales. The wages scales have a minimum, a 25th percentile, a 50th percentile (average) a 75th percentile and a maximum. We strive to keep our average for positions at the mid-point of a range developed by our consultants. Periodically we hire a consultant to update the marketplace average for several key positions. The consultant will use area marketplace data, LeadingAge data, and other industry data to develop the average. Our compensation philosophy for Management and Executive team members (Directors and Vice President) of our organization is slightly different. The second tier is Management team members. The wage scale system is the same for our team members. However, our policy states that Directors are like other team members and can earn up to the 100th percentile of the range for their position. Our third tier is Vice President Team members. The wage scale system is the same for our team members. However, there is one difference. The policy states that Vice Presidents can earn up to the 100 percentile of the range for their position. The range uses the median as the mid-point not the average. Generally, the median is below the average. The overall compensation policy and the VP compensation policy are approved by the Greencroft Communities (GC) Board of Directors. The Edgewater Place (EP) Board reviews the compensation policies. Annually the GC Board and the EP Board review the compensation of the Executive Team. They compare current wages with national data provided by LeadingAge. The Boards review the current wage, the percentile ranking of the employee in his/her respective range and the median of the marketplace compared to the mid-point of the employee's range. The Boards document these meetings and actions taken in their Board minutes. The EP Board has reviewed the base wage and the variable pay for the President of Edgewater Place. In the Fiscal Year 2023 (IRS 990 Year 2022) for the President was at the 49th percentile of the range for this position in base compensation. THIS PROCESS WAS LAST PERFORMED IN FISCAL YEAR 2023. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GREENCROFT RETIREMENT COMMUNITIES INC PO BOX 819 GOSHEN IN 46527 300036587 MANAGEMENT IN 501(C)(3) LINE 12C NA false HAVEN HUBBARD HOMES INC 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 350870110 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT false GREENCROFT CENTRAL MANOR INC PO BOX 819 GOSHEN IN 46527 356047318 HOUSING IN 501(C)(3) LINE 10 GREENCROFT false GREENCROFT COMMUNITIES FOUNDATION INC PO BOX 819 GOSHEN IN 46527 237126990 FUNDRAISING IN 501(C)(3) LINE 7 GREENCROFT false GREENCROFT GOSHEN INC PO BOX 819 GOSHEN IN 46527 351270709 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT false GREENCROFT MANOR II INC PO BOX 819 GOSHEN IN 46527 351377430 HOUSING IN 501(C)(3) LINE 10 GREENCROFT false GREENCROFT MANOR III INC PO BOX 819 GOSHEN IN 46527 351431475 HOUSING IN 501(C)(3) LINE 10 GREENCROFT false GREENCROFT MIDDLEBURY INC PO BOX 819 GOSHEN IN 46527 300036865 HOUSING IN 501(C)(3) LINE 10 GREENCROFT false OAK GROVE CHRISTIAN RETIREMENT VILLAGE 221 WEST DIVISION ROAD DEMOTTE IN 46310 351986767 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT false SOUTHFIELD VILLAGE INC 6450 MIAMI CIRCLE SOUTH BEND IN 46614 351866553 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT false WALNUT HILLS RETIREMENT COMMUNITIES INC PO BOX 129 WALNUT CREEK OH 44687 351317338 HEALTHCARE IN 501(C)(3) LINE 10 GREENCROFT false GREENCROFT HOME HEALTH SERVICES INC PO BOX 819 GOSHEN IN 46526 351606010 HOME HEALTH IN 501(C)(3) LINE 10 GREENCROFT false CHICAGO TRAIL VILLAGE INC 31869 CHICAGO TRAIL NEW CARLISLE IN 46552 310990629 HOUSING IN 501(C)(3) LINE 10 HAVEN HUBBAR false GREENCROFT MANAGEMENT INC PO BOX 819 GOSHEN IN 46527 270259652 MANAGEMENT IN NA C CORP 0 0 0.00000 false false false false false true false false false false false false false true true true true false false true PART IV, IDENTIFICATION OF RELATED ORGANIZATION TAXABLE AS CORP OR TRUST: NAME OF RELATED ORGANIZATION: GREENCROFT MANAGEMENT, INC. DIRECT CONTROLLING ENTITY: GREENCROFT RETIREMENT COMMUNITIES, INC.