HomeMy WebLinkAbout20192763.tiffAugust 6, 2019
Petitioner:
WELLTOWER INC
4500 DORR ST
TOLEDO, OH 43615-4040
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.weldqov.com
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket 2019-2763 Appeal 2008224446 Hearing 8/5/2019
Dear Petitioner:
On the day indicated above, the Board of County Commissioners of Weld County Colorado convened and
acting as the Board of Equalization, pursuant to C.R.S. §39-8-101 et seq., considered petition for appeal of
the Weld County Assessor's valuation of your property described above, for the year 2019.
Account # Decision
The Assessment and valuation is set as follows:
Actual Value as Actual Value as Set by
Determined by Assessor Board
R3645305 Stipulated - Approved
Stipulated Value
$18,326,700 $15,341,751
A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30)
days of the date the denial is mailed to you. You must select only one of the following three (3)
options for appeal:
1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of
Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board
will be the last time you may present testimony or exhibits or other evidence, or call witnesses in
support of your valuation. If the decision of the Board of Assessment Appeals is further appealed to
the Court of Appeals pursuant to C.R.S. §39-8-108(2), only the record of proceedings from your
hearing before the Board of Assessment Appeals and your legal brief are filed with the appellate
court.
All appeals to the Board of Assessment Appeals filed after August 10, 2019, MUST comply with the
following provisions of C.R.S. §39-8-107(5):
(5)(a)(I) On and after August 10, 2019, in addition to any other requirements under law, any petitioner
appealing either a valuation of rent -producing commercial real property to the Board of Assessment Appeals
pursuant to C.R.S. §39-8-108(1) or a denial of an abatement of taxes pursuant to C.R.S. §39-10-114 shall
provide to the County Board of Equalization or to the Board of County Commissioners of the County in the
case of an abatement, and not to the Board of Assessment Appeals, the following information, if applicable:
(A) Actual annual rental income for two full years including the base year for the relevant property tax year;
(B) Tenant reimbursements for two full years including the base year for the relevant property tax year;
(C) Itemized expenses for two full years including the base year for the relevant property tax year; and
(O) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject
property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for
two full years including the base year for the relevant property tax year.
(II) The petitioner shall provide the information required by subparagraph (I) of this paragraph (a) within
ninety days after the appeal has been filed with the Board of Assessment Appeals.
(b)(I) The Assessor, the County Board of Equalization, or the Board of County Commissioners of the
County, as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an
appeal with the Board of Assessment Appeals not more than ninety days after receipt of the petitioner's
request, the following information:
(A) All of the underlying data used by the county in calculating the value of the subject property that is being
appealed, including the capitalization rate for such property; and
(B) The names of any commercially available and copyrighted publications used in calculating the value of
the subject property.
(II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b)
shall redact all confidential information contained therein.
(c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this
subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the County may move
the Board of Assessment Appeals to compel disclosure and to issue appropriate sanctions for
noncompliance with such order. The motion may be made directly by the County Attorney and shall be
accompanied by a certification that the County Assessor or the County Board of Equalization has in good
faith conferred or attempted to confer with such petitioner in an effort to obtain the information without action
by the Board of Assessment Appeals. If an order compelling disclosure is issued under this paragraph (c)
and the petitioner fails to comply with such order, the Board of Assessment Appeals may make such orders
in regard to the noncompliance as are just and reasonable under the circumstances, including an order
dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer
shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest
shall resume as of the date the contested information has been provided by the taxpayer.
Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be
mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to
you.
The address and telephone number of the Board of Assessment Appeals are:
Board of Assessment Appeals
1313 Sherman Street, Room 315
Denver, Colorado 80203
Telephone Number: (303) 864-7710
Email: baa@state.co.us
Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the
first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent
must pay a fee of $101.25 per appeal.
OR
2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to the
District Court of the county wherein your property is located: in this case that is Weld County District
Court. A hearing before The District Court will be the last time you may present testimony or exhibits
or other evidence, or call witnesses in support of your valuation. If the decision of the District Court is
further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(1), the rules of Colorado
appellate review and C.R.S. §24-4-106(9), govern the process.
OR
3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this
option, the arbitrator's decision is final and you have no further right to appeal your current
valuation. C.R.S. §39-8-108.5 governs this process. The arbitration process involves the following:
a. Select an Arbitrator: You must notify the Board of Equalization that you will pursue
arbitration. You and the Board of Equalization will select an arbitrator from the official list of
qualified people. If you cannot agree on an arbitrator, the District Court of the county in which
the property is located (i.e. Weld) will select the arbitrator.
b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the
date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of
Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator
has the authority to issue subpoenas for witnesses, books, records documents and other
evidence pertaining to the value of the property. The arbitrator also has the authority to
administer oaths, and determine all questions of law and fact presented to him. The
arbitration hearing may be confidential and closed to the public if you and the Board of
Equalization agree. The arbitrator's decision must be delivered personally or by registered
mail within ten (10) days of the arbitration hearing.
c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the
Board of Equalization. In the case of residential real property, the fess may not exceed
$150.00 per case. For cases other than residential real property, the arbitrator's total fees
and expenses are agreed to by you and Board of Equalization, but are paid by the parties as
ordered by the arbitrator.
If you have questions concerning the above information, please call me at (970) 400-4226.
Very truly yours,
BOARD OF EQUALIZATION
Esther E. Gesick
Clerk to the Board
Weld County Board of Commissioners
and Board of Equalization
cc: Brenda Dones, Weld County Assessor
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
Single County Schedule Number R3645305
STIPULATION (As To Tax Year 2019 Actual Value)
RE PETITION OF :
NAME: Welltower Inc.
ADDRESS:
4500 DORR ST
TOLEDO, OH 43615-4040
Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation
regarding the tax year 2019 valuation of the subject property, and jointly move the
Board of Equalization to enter its order based on this Stipulation.
Petitioner (s) and Assessor agree and stipulate as follows:
I . The property subject to this Stipulation is described as:
GR MVWTBM L1 MEADOWVIEW AT WEST TBONE MINOR RPLT L9
2. The subject property is classified as RESIDENTIAL property.
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2019
Total $18,326,700
4. After further review and negotiation, Petitioner (s) and Weld County Assessor
agree to the following tax year2019 actual value for the subject property:
Total $15,341,751
5. The valuation, as established above, shall be binding only with respect to tax
year2019
6. Brief narrative as to why the reduction was made:
Further review of all approaches to value indicated an adjustment,
7. Both parties agree that:
[—De hearing scheduled before the Board of Equalization on
at be vacated.
J
A hearing has not yet been scheduled before the Board of Equalization.
1
g0IR-D7Co3
A50103
DATED this 12th
Address:
Petitioner(s) or Agent or Attorney
(Assi'stant) County Attorf(ey for
Respondent, Weld County Board of
Commissioners
Address:
1150 "O" Street
P.O. Box 758
Greeley, CO 80632
Telephone: Telephone:(970) 336-7235
Docket Number R3645305
Stip-1.Frm
County Assessor
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 400-3650
2
Thank you for submitting an appeal to the Weld County Board of Equalization. We will review the
information submitted and you will receive a date to appear before the board.
Contact Information:
Contact Name: Donnie Osborne
Contact Email: donnie.osborne@altusgroup.com
Contact Phone: 817-552-6805
Appeal Submitted: 11:49 AM July 11, 2019
Appeal submitted for:
R3645305 - WELLTOWER INC
5300 29TH ST, GREELEY
Legal: GR MVWTBM L1 MEADOWVIEW AT WEST TBONE MINOR RPLT L9
Reason: Value Too High - Value is over market value Value is unequal
Estimate of Value: $8,000,000.00
Document(s) Submitted:
Account: All Accounts - R3645305 - 2019 AOA...pdf
Account: All Accounts - R3645305 - CBOE Appeal.pdf
You have selected the following Date Preferences: ?//// 9 e /; 30 •3; �3Q,fl,�J
The Appeal process can take several weeks for us to complete. You will receive a written decision
on your appeal within five (5) working days of your hearing.
We thank you for your submittal.
Weld County Board of Equalization
2,919-2763
/-5O/O
NOTICE OF DETERMINATION
Brenda Dones
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
Date of Notice: 6/25/2019
Telephone: (970) 400-3650
Fax: (970) 304-6433
Office Hours: 8:00AM - 5:00PM
ACCOUNT NO.
TAX YEAR
TAX AREA
LEGAL DESCRIPTION/ PHYSICAL LOCATION
R3645305
2019
0683
GR MVWTBM L1 MEADOWVIEW AT WEST TBONE MI
NOR RPLT L9
5300 29TH ST GREELEY
PROPERTY OWNER
WELLT0WER INC
4500 DORR ST
TOLEDO, OH 43615-4040
PROPERTY CLASSIFICATION
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO
REVIEW
ACTUAL VALUE AFTER
REVIEW
RESIDENTIAL
18,326,700
18,328,700
TOTAL
18,326,700
18,326,700
The Assessor has carefully studied all available information, giving particular attention to the
specifics included on your protest. The Assessor's determination of value after review is based on
the following:
CM05 - The law requires that data from Jan 2017 to June 2018 be used to establish current values.
We have considered all three approaches to value and we have denied your appeal based upon this
data.
If you disagree with the Assessor's decision, you have the right to appeal to the County
Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S.
The deadline for filing real property appeals is July 16.
The Assessor establishes property values. The local taxing authorities (county, school district, city,
fire protection, and other special districts) set mill levies. The mill levy requested by each taxing
authority is based on a projected budget and the property tax revenue required to adequately fund
the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall.
If you are concerned about mill levies, we recommend that you attend these budget hearings.
Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities.
Please refer to the reverse side of this notice for additional information.
Agent (If Applicable):
ALTUS GROUP US INC
PO BOX 92129
SOUTHLAKE, TX 76092-0102
15-DPT-AR
PR 207-08/13
R3645305
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from
July 25th through August 5th at 1150 O Street.
To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown
below, and mail, file online, or deliver a copy of both sides of this form to:
Weld County Board of Equalization
1150 O Street, P.O. Box 758
Greeley, CO 80631
Telephone: (970) 356-4000 ext, 4225
Online: www.co.weld.co.ustariosl/cboe/
To preserve your appeal rights, your Petition to the County Board of Equalization must be
postmarked or delivered on or before July 15 for real property — after such date, your right to
appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we
recommend that all correspondence be mailed with proof of mailing.
You will be notified of the date and time scheduled for your hearing. The County Board of
Equalization must mail a written decision to you within five business days following the date of the
decision. The County Board of Equalization must conclude hearings and render decisions by August
5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and
you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by
September 10, § 39-2-125(1)(e), C.R.S.
If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your
appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of
the following:
Board of Assessment Appeals District Court
1313 Sherman Street, Room 315 Contact the District Court in the County
Denver, CO 80203 where the property is located. See your
(303) 866-5880 local telephone book for the address and
www.dola.colorado.qov/baa telephone number.
Binding Arbitration
For a list of arbitrators, contact the County Commissioners at the address listed for the County Board
of Equalization.
If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document
falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed
on the next business day, § 39-1-120(3), C.R.S.
PETITION TO COUNTY BOARD OF EQUALIZATION
What is your estimate of the property's value as of June 30, 2018? (Your opinion of value in terms of a
specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.)
$ ('" bc+J p J
What is the 'basis for your estimate of value or your reason for requesting a review? (Please attach
additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original
installed cost, appraisal, etc.)
vy'1 A-Ar-r
ATTESTATION
I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein
and oa -ttach tents hereto are true and complete.
%VI- 552; 6205 h �5
Telephone Number Date
Signature
►�.vs6r®alk-usgr ap• Corn
Email Address
1 Attach letter of authorization signed by property owner.
15-DPT-AR
PR 207-08113
R3645305
tower
AGENT AUTHORIZATION
Welltower Inc.
S50 Heritage Dr., Ste. 200
Jupiter. FL 33458
561.6261800 main
561.626.8111 fax
TO ALL STATE, COUNTY, CITY & OTHER PROPERTY TAXING JURISDICTIONS,
ADMINISTRATIVE REVIEW BOARDS, TAX COMMISSIONS AND/OR COLLECTION
ENTITIES.
Altus Group US, Inc., P.O. Box 92129, Southlake, Texas, 76092, (817) 251-6666, its agents and
employees are hereby appointed as our agents to prepare and file real property and business personal
property returns, receive and respond to all compliance filing correspondence, file protests, receive and
respond to all appeal correspondence, and meet with appropriate officials and other personnel of the taxing
jurisdictions for the purpose of negotiating settlements of property tax valuations and complying with the
laws of each state in the matter of property taxation of real and business personal property owned by the
undersigned taxpayer or in which the undersigned taxpayer has an ownership interest. This authorization
shall remain in force and effect until revoked in writing.
Specified powers:
Yes
[Yes'
Said Agent is to receive rendition forms and other compliance filing
correspondence on the attached accounts/parcels.
No Said Agent is to receive tax bills on the attached accounts/parcels.
No SaicAgent is to receive notices, orders and/or other communications
reg ding values and/or appeals on the attached accounts/parcels.
Signed the C:—!-- day o
Account #'s:
R3645305
State of
/O-7
2019
do
Welltower Inc
550 Heritage D ' ', ui ' 200
Jupiter, FL 33
By:
itle:
County of
1 G3 ta-k S ry
Pa,( - LL___
Before me, a duly commissioned Notary Public within and for the State and County aforesaid,
personally appeared , known to me to be the person
w. + signed the foregoing instrument and acknowledged to me that (s)he signed the same for the
and consideration expressed therein, and in the capacity therein stated. As -s _.._ _.._ day of 6—/019
019
My Commission Expires:
li"' ^'tS
9' flodda
'56261
.S. :1.2021
,c:aryAssn.
LAURA RHODES
Notary Pubic — State of Florida
Commission # GG 156261
My Comm. Expires Nov 11.2021 P
Boded through National Notary Assn.
Report Generated: 2/21/2019 4:36:27 PM
Financial Data Updated: 2/19/2019 2:53:00 PM
Detail P&L - YTD
Period: 12 of 2018 ending on 12/31/2018
Legend Residences
REVENUE
RESIDENT REVENUE
RENTS - PRIVATE AL
RENTS - HCBS AL
RENTS -SNF
RENTS - INDEPENDENT LIVING
RENTS - MC Me �� y
RENTS - HOMES PLUS
RENTS - DOUBLE OCCUPANCY
LEVEL OF CARE AL & SNF
LEVEL OF CARE MC
MED REV AL
MED MANAGEMENT
MED REV MC
ADMISSION FEES
DEFERRED ADMISSION FEES
RESPITE
COMPANION CARE
PRIOR YEAR INCOME ADJUSTMENTS
MED REV MC
INSURANCE SURCHARGES
TOTAL RENTAL REVENUE
FOOD REVENUE
MEAL REVENUE
EMPLOYEE MEALS
GUEST MEALS
CATERING REVENUE
TOTAL FOOD REVENUE
OTHER REVENUE
ANCILLARY REVENUE
TRANSPORTATION
ACTIVITIES
PARKING
INCONTINENCE AND SUPPLIES
LAUNDRY
CABLE TELEVISION
GUEST ROOMS
LATE FEES
MEMORIALS
BEAUTY AND BARBER
OTHER SPACE RENTAL
REFERRAL CREDIT
602-M DV
Current
2.372.798 59.34
0 0.00
0 0.00
0 0.00
1.100,217 27.51
0 0.00
119,786 3.00
162.357 4.06
923 0.02
120.727 3.02
0 0.00
61.282 1.53
51,497 1.29
0 0.00
0 0.00
0 000
0 0.00
0 0.00
0 0.00
3,989,588 99.77
0 0.00
612 0.02
1,797 0.04
0 0.00
2,409 0.06
0 0.00
0 0.00
0 0.00
0 0.00
596 0.01
0 0.00
0 0.00
0 0.00
2,651 0.07
0 0.00
0 0.00
0 0.00
0 0.00
OTHER REVENUE
TOTAL OTHER REVENUE
TOTAL REVENUE
OPERATING EXPENSE
PAYROLL EXPENSE
WAGES
WAGES - DIRECT CARE
WAGES - SHIFT LEADER -FLORIDA
WAGES - AIDE SUPERVISOR
WAGES - AIDES
WAGES - COMPANION CARE
RESIDENT ASSISTANT
TOTAL WAGES DIRECT CARE
WAGES - PROFESSIONAL HEALTH CARE
WAGES - REFLECTIONS CERT MED ASS
WAGES - REFLECTIONS CERT NURSE A
WAGES - REFLECTIONS RES ASST
WAGES - HEALTH CARE COORDINATOR
WAGES - RN'S
WAGES - LPN'S
WAGES - NURSE ON -CALL PAY
WAGES - ASSISTANT HCC
TOTAL WAGES PROFESSIONAL HEALTH CARE
WAGES - DINING SERVICES
WAGES - CHEF
WAGES - ASSISTANT COOKS
WAGES - DINING ROOM SUPERVISOR
WAGES - DINING ROOM AIDES
WAGES - DISHWASHERS
WAGES - ASST DIETARY MANAGER
WAGES - DIETARY AIDE
TOTAL WAGES DINING SERVICES
WAGES - LIFE ENRICHMENT
WAGES - ACTIVITY DIRECTOR
WAGES - ACTIVITY ASSISTANTS
WAGES - DRIVERS
WAGES - SOCIAL WORKER (PARK WEST)
TOTAL WAGES LIFE ENRICHMENT
WAGES - HOUSEKEEPING & LAUNDRY
WAGES - HOUSEKEEPING DIRECTOR
WAGES - HOUSEKEEPING ASSISTANTS
WAGES - LAUNDRY
TOTAL WAGES HOUSEKEEPING & LAUNDRY
WAGES - MAINTENANCE
WAGES - MAINTENANCE DIRECTOR
WAGES - MAINTENANCE MANAGER
WAGES - MAINTENANCE STAFF
TOTAL WAGES MAINTENANCE
WAGES - MARKETING
WAGES - SALES DIRECTOR
WAGES - SALES ASSISTANT
3,719 0.09
6,965 0.17
3,998,962 100.00
0 0.00
196,233 4.91
0 0.00
0 0.00
175,270 4.38
371,503 9.29
0 0.00
0 0.00
0 0.00
64,674 1.62
0 0.00
14,960 0.37
0 0.00
0 0.00
79,634 1.99
25.694 0.64
10,488 0.26
0 0.00
10,574 0.26
0 0.00
33,852 0.85
125,366 3.13
205,974 5.15
30,987 0.77
35,537 0.89
15,887 0.40
0 0.00
82,411 2.06
0 0.00
47,026 1.18
0 0.00
47,026 1.18
41,984 1.05
0 0.00
0 0.00
41,984 1.05
45,344 1.13
0 0.00
WAGES - MARKETING ASSISTANTS
TOTAL WAGES MARKETING
WAGES - ADMINISTRATIVE
WAGES - DIRECTOR
WAGES -EXECUTIVE DIRECTOR (CAMPUS)
WAGES -ASSISTANT RESIDENCE DIRECTOR
WAGES - RECEPTIONIST
WAGES - ADMIN ASSISTANT
WAGES - DIRECTOR CONCIERGE SERV
WAGES - BUSINESS ADMINISTATOR
TOTAL WAGES ADMINISTRATIVE
WAGES - TRAINING
WAGES - STAFF TRAINING
TOTAL WAGES TRAINING
WAGES - OVERTIME
OVERTIME - REFLECTIONS CERT MED
OVERTIME - REFLECTIONS CERT NURS
OVERTIME - REFLECTIONS RES ASST
OVERTIME - ADMINISTRATIVE
OVERTIME - DIRECT CARE
OVERTIME - PROFESSIONAL HEALTH
OVERTIME - DIETARY
OVERTIME - ACTIVITIES
OVERTIME - HOUSEKEEPING
OVERTIME - MAINTENANCE
OVERTIME - MARKETING
OVERTIME - OTHER
TOTAL WAGES OVERTIME
TOTAL WAGES
BONUSES & COMMISSIONS
BONUSES - MARKETING
BONUSES -OPERATIONS
BONUSES - LEGEND OF HONOR
BONUSES - RESIDENT LEAD
BONUSES - NEW EMPLOYEE REFERRAL
TOTAL BONUSES & COMMISSIONS
TEMPORARY CONTRACT LABOR
CONTRACT LABOR - NURSE
CONTRACT LABOR - AIDE
CONTRACT LABOR - HOUSEKEEPER
CONTRACT LABOR - DIETARY
CONTRACT LABOR - LAUNDRY
TOTAL TEMPORARY CONTRACT LABOR
PAYROLL RELATED COSTS
PAYROLL TAXES
MEDICAL INSURANCE
WORKMAN'S COMP INSURANCE
PAID TIME OFF
EXTENDED ILLNESS BENEFIT
0 0.00
45,344 1.13
76,535 1.91
0 0.00
0 0.00
20.930 0.52
0 0.00
0 000
20.782 0.52
118,248 2.96
8.539 0.21
8,539 0.21
0 0.00
0 0.00
0 0.00
8 0.00
6,265 0.16
884 0.02
1,560 0 04
148 0.00
193 0.00
0 0.00
0 0.00
0 0.00
9,058 0.23
1,009,720 25.25
19,325 0.48
15.254 0.38
2,373 0.06
0 0.00
0 0.00
36,952 0.92
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
90,998 2 28
14,727 0.37
36,527 0.91
35,027 0.88
0 0.00
MEMORY CARE
401K
HOLIDAY PAY
OTHER BENEFITS
EMPLOYEE RELOCATION
SEVERANCE PAY VOLUNTARY
SEVERANCE PAY INVOLUNTARY
TOTAL PAYROLL OTHER COSTS
TOTAL PAYROLL RELATED COSTS
OPERATING EXPENSES (NON PAYROLL)
DIETARY
FOOD
FOOD - DIRECT VENDOR COST
FOOD - DAIRY
FOOD -GROCERY STORE
FOOD -BAKERY
FOOD - PRODUCE SUPPLY
TOTAL FOOD
DIETARY SUPPLIES
DIETARY - LINENS
DIETARY - PAPER PRODUCTS
DIETARY - CHEMICALS
SMALLWARES
EQUIPMENT RENTAL
DIETICIAN
DIETARY MGMT FEE
TOTAL DIETARY
EXPENSES & SUPPLIES
PERSONAL CARE
PHARMACY SUPPLIES
CHARGEABLE SUPPLIES
NON -CHARGEABLE SUPPLIES
PHARMACY CONTRACTED SERVICES
PHARMACY SOFTWARE
HC -INFECTIOUS WASTE DISPOSAL
BEAUTY & BARBER
RESIDENT TRANSPORTATION
TOTAL PERSONAL CARE EXP
PAPERS & DISPOSABLE - HOUSEKEEPING & LAUNDRY
PAPER & DISPOSABLES - HOUSEKEEPING
PAPERS & DISPOSABLES - LAUNDRY
CHEMICALS - HOUSEKEEPING & LAUNDRY
CHEMICALS - HOUSEKEEPING
CHEMICALS -LAUNDRY
MISC SUPPLIES - HOUSEKEEPING/LAUNDRY
MISC SUPPLIES - HOUSEKEEPING
MISC SUPPLIES - LAUNDRY
LINENS - HOUSEKEEPING
UTILITIES
ELECTRICITY
0 0.00
3,882 0.10
19,883 0.50
0 0.00
28 0.00
0 0.00
0 0.00
201,073 5.03
1,247,746 31.20
169,026 4.23
62 0.00
342 0.01
0 0.00
0 0.00
169,430 4.24
4,407 0.11
6,328 0.16
9,748 0.24
5,411 0.14
4.148 0.10
0 0.00
0 0.00
199,472 4.99
0 0.00
0 0.00
6.578 0.16
0 0.00
0 0.00
643 0.02
0 0.00
0 0.00
7,221 0.18
5,103 0.13
0 0.00
1.718 0.04
1.111 0.03
2.292 0.06
59 0.00
6 0.00
109,176 2.73
GAS
WATER, WASTE & SEWER
TRASH
SECURITY SYSTEM MONITORING
TOTAL UTILITIES
TOTAL EXPENSES/SUPPLIES
LIFE ENRICHMENT
RESIDENT ACTIVITIES
ACTIVITY SUPPLIES
ACTIVITY TREATS/GIVE AWAYS
HIRED ENTERTAINMENT
OUTSIDE ACTIVITY EXPENSE
TOTAL RESIDENT ACTIVITIES
VEHICLE UPKEEP
VEHICLE LEASE
MAINTENANCE - VAN
MAINTENANCE - AUTO
FUEL & OIL
TOTAL VEHICLE UPKEEP
TOTAL LIFE ENRICHMENT
TRAVEL & MEALS
LODGING
AIRFARE
GROUND TRANSPORTATION & MILEAGE
MEALS
TOTAL TRAVEL & MEALS
REPAIRS & MAINTENANCE
FACILITY REPAIRS
FACILITY REPAIRS - MATERIALS
FACILITY REPAIRS - CONTRACTOR EXP
EQUIPMENT MAINTENANCE
EQUIPMENT REPAIRS
EQUIPMENT REPAIRS - CONTRACTOR EXP
EQUIPMENT RENTAL - REPAIRS & MAINTENANCE
MAINTENANCE SUPPLIES
MAINTENANCE - SUPPLIES
MAINTENANCE - SMALL TOOLS
MAINTENANCE - FUEL & OIL
RESIDENCE DECORATING
MAINTENANCE CONTRACTS
MAINTENANCE CONTRACTS - EXTERMINATOR
MAINTENANCE CONTRACTS - EQUIPMENT
MAINTENANCE CONTRACTS - OTHER
TOTAL REPAIRS/MAINTENANCE
COMMUNICATIONS
FACILITY PHONE CHARGES
TELEPHONE EQUIPMENT LEASE
CELLULAR PHONE CHARGES
9,551 0.24
27,222 0.68
6,925 0.17
3,690 0.09
156,564 3.92
174,073 4.35
6.153 0.15
908 0.02
7,062 0.18
690 0.02
14,813 0.37
a 0.00
237 0.01
55 0.00
2,303 0.06
2,594 0.06
17,407 0.44
1,161 0.03
2,940 0.07
1,006 0.03
522 0.01
5,629 0.14
8,232 0.21
13,614 0.34
668 0.02
9,769 0.24
2,477 0.06
3,964 0.10
1,486 0.04
45 0.00
248 0.01
1.528 0.04
9.950 0.25
9,275 0.23
61,255 1.53
6,744 0.17
0 0.00
6,067 0.15
SOFTWARE SUBSCRIPTIONS & TECH
INTERNET SERVICE
CABLE TELEVISION
CALL SYSTEM
TOTAL COMMUNICATIONS
GROUNDS MAINTENANCE
GROUNDS MAINTENANCE -MOWING CONTRACT
SNOW REMOVAL
GROUNDS MAINTENANCE -MATERIALS
TOTAL GROUNDS MAINTENANCE
MARKETING
YELLOW PAGE ADVERTISING
DIRECT MAIL ADVERTISING
PRINT ADS
PRINT ADVERTISING - NEWSPAPER
SENIOR DIRECTORY TO NON -NEWSPAPER PRINT ADS
MEDIA
MEDIA ADVERTISING - TV
MEDIA ADVERTISING - RADIO
MEDIA ADVERTISING - INTERNET
MEDIA ADVERTISING - BILLBOARD
NETWORKING
NETWORKING - FAIR
NETWORKING - GIFTS/COMMUNITY
COLLATERAL MATERIALS
BROCHURES
PROMOTIONAL ITEMS
PROMOTIONAL ITEMS - NEWSLETTER
PROMOTIONAL ITEMS - GIFTS RESIDENTS
PROMOTIONAL ITEMS - MODEL FURNITURE RENT
EVENTS
TELEMARKETING
EVENTS - OPEN HOUSE
EVENTS - MARKETING MEALS
TOTAL MARKETING
PROFESSIONAL FEES
MEDICAL DIRECTOR
REFERRAL FEES
OTHER DIRECT CARE PROFESSIONAL FEES
BEAUTY SHOP LICENSE
TOTAL PROFESSIONAL FEES
ADMINISTRATION
STAFFING
UNIFORMS
EMPLOYEE APPRECIATION
STAFF RECRUITMENT
PRE -EMPLOYMENT EXPENSE
EMPLOYEE/GUEST MEALS
10,634 027
2.400 0.06
27.326 0.68
1,200 0.03
54,371 1.36
8.130 0.20
419 0.01
700 0.02
9,249 0.23
399 0.01
1,272 0.03
11,559 0.29
4.016 0.10
0 0.00
3,500 0.09
3,299 0.08
27 0.00
661 0.02
1.187 0.03
3.713 0.09
4,020 0.10
628 0.02
83 0.00
0 0.00
7.955 0.20
1.803 0.05
44,121 1.10
0 0.00
72,257 1.81
0 0.00
0 0.00
72,257 1.81
3.738 0.09
3.599 0.09
3,889 0.10
7.972 0.20
3 0.00
SEMINARS
TOTAL STAFFING EXPENSE
ADMINISTRATIVE EQUIPMENT
ADMINISTRATIVE EQUIPMENT RENTAL
EQUIPMENT REPLACEMENT
DUES & SUBSCRIPTIONS
OFFICE SUPPLIES
PRINTING
POSTAGE
OFFICE SUPPLIES
MISCELLANEOUS
RECORDS STORAGE
SATISFACTION SURVEYS
COURIER
VENDING
LATE PAYMENT FEES
STATE ASSESSED PENALTIES
TOTAL ADMINISTRATION
TOTAL OPERATING EXP (NON -PAYROLL)
TOTAL CONTROLLABLE OPERATING EXP
NOI BEFORE NON-CONTROLLABLES
NONCONTROLLABLE OPERATING EXP
PROPERTY TAXES
REAL ESTATE TAXES
FIRE DEPARTMENT TAX
PERSONAL PROPERTY TAX
TOTAL PROPERTY TAX
INSURANCE
INSURANCE - PROPERTY & CASUALTY
INSURANCE - GENERAL LIABILITY
FLOOD INSURANCE
INSURANCE - VEHICLES
INSURANCE - BUSINESS INCOME
INSURANCE - D&O
TOTAL INSURANCE
PROFESSIONAL FEES
ACCOUNTING FEES
TOTAL PROFESSIONAL FEES
TOTAL NON -CONTROLLABLE EXPENSE
TOTAL OPERATING EXPENSE
EBITDARM
CORPORATE EXPENSES
CONSULTANT/ADVISOR
MANAGEMENT CONSULTANT
TECHNOLOGY CONSULTANT
MARKETING CONSULTANT
245 0.01
19,447 0.49
3,977 0.10
119 0.00
3.847 0.10
699 0.02
639 0.02
4.155 0.10
0 0.00
2.101 0.05
1,581 0.04
0 0.00
0 0.00
0 0.00
36,564 0.91
674,399 16.86
1,922,144 48.07
2,076,817 51.93
94,735 2.37
0 0.00
5.193 0.13
99,928 2.50
7,183 0.18
16,835 0.42
0 0.00
2,160 0.05
0 0.00
0 0.00
26,178 0.65
12,829 0.32
12,829 0.32
138,934 3.47
2,061,079 51.54
1,937,883 48.46
0 0.00
50 0.00
118 0.00
HEALTHCARE CONSULTANT
CORPORATE TRAVEL
LODGING
MEALS & ENTERTAINMENT
AIRFARE
AUTO ALLOWANCE & MILEAGE
CAR RENTAL
OTHER CORPORATE EXPENSES
LEGAL FEES
AUDIT FEES
TAX PREPARATION FEES
BANK CHARGES
STATE TAXES
CONTRIBUTIONS
SURVEY & LICENSE FEES
ASSOCIATION FEES
REIT ANNUAL INSPECTION
FRANCHISE FEES
NON DEDUCTIBLE EXP (PENALTIES)
DIRECTOR RECRUITING FEE
PERFORMANCE BONUS
EMPLOYEE RECOGNITION
UTILITY BOND FEES
TOTAL CORPORATE EXPENSES
NON OPERATING EXPENSES (INCOME)
DEVELOPMENT EXP-INACTIVE PROPERTIES
MANAGEMENT FEES
PAYROLL PROCESSING FEES
BAD DEBT EXPENSE
OTHER FEES
INTEREST EXPENSE
FACILITY LEASE EXPENSE
STRAIGHTLINE LEASE EXPENSE
FILL UP DEFICIT
REPLACEMENT RESERVE
INTEREST INCOME
GAIN/LOSS ON SALE OF ASSETS
DEPRECIATION
MISCELLANEOUS
POST CLOSING CONTINGENT EXP
SELLING EXPENSES
PARTNERSHIP INCOME HOLDCO 1
SALE PROCEEDS BARGAIN PURCHASE
PROCEEDS -LEASEHOLD INTEREST
AMORTIZATION
FEDERAL INCOME TAX
TRUSTEE/BOARD FEES
TOTAL NON OPERATING EXP (INCOME)
TOTAL EXPENSES
NET INCOME (LOSS)
0 0.00
2,815 0.07
520 0.01
12,429 0.31
527 0.01
1.453 0.04
4,806 0.12
205 0.01
6,678 0.17
1,131 0.03
0 0.00
(494) (0.01)
7,099 0.18
0 0.00
0 0.00
150 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
37,486 0.94
0 0.00
239.938 6,00
0 0.00
0 0.00
0 0.00
2,084 0.05
1,221,405 30.54
0 0.00
0 0.00
0 0.00
(116) (0.00)
0 0.00
20.533 0.51
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
1,483,843 37.11
3,582,408 89.58
416,554 10.42
UNIT DAYS AL
UNIT DAYS MC
UNIT DAYS SNF
UNIT DAYS IL
TOTAL UNIT DAYS
RESIDENT DAYS AL
RESIDENT DAYS MC
RESIDENT DAYS SNF
RESIDENT DAYS IL
TOTAL RESIDENT DAYS
RESIDENT DAYS CAPACITY
UNIT DAYS CAPACITY
UNITS AL
UNITS MC
UNITS SNF
UNITS IL
UNITS TOTAL
OCCUPIED UNITS - AL
OCCUPANCY - AL%
OCCUPIED UNITS - MC
OCCUPANCY - MC %
OCCUPIED UNITS - SNF
OCCUPANCY - SNF %
OCCUPIED UNITS - IL
OCCUPANCY - IL %
TOTAL OCCUPIED UNITS
TOTAL OCCUPANCY %
LOST UNIT DAYS
17,183 0.43
6.371 0.16
0 000
0 0.00
23,554 0.59
20.411 0.51
6,371 0.16
0 0.00
0 0.00
26,782 0.67
27.740 0.69
25.915 0.65
612 0.02
240 0.01
0 0.00
0 0.00
852 0.02
565 0.01
1
209 0.01
1
0 0.00
0
0 0.00
0
774 0.02
1
78 0.00
LOST REVENUE ( 396.139 9.91
PER RESIDENT DAY (PRD)
RENTAL REVENUE PRD
TOTAL REVENUE PRD
WAGES DIRECT CARE PRD
WAGES PROFESSIONAL PRD
WAGES DINING PRD
WAGES HOUSEKEEPING PRD
WAGES MAINTENANCE PRD
WAGES TOTAL PRD
PAYROLL TOTAL PRD
FOOD PRD
DIETARY PRD
EXPENSES & SUPPLIES PRD
LIFE ENRICHMENT PRD
REPAIR * MAINT PRD
MARKETING PRD
TOTAL OPERATING PRD
EBITDARM PRD
PER OCCUPIED UNIT (POU)
148.97
149.32
13.87
2.97
7.69
1.76
1.57
37.70
46.59
6.33
7.45
6.50
0.65
2.60
1.87
25.18
72.36
RENTAL REVENUE POU
TOTAL REVENUE POU
EBITDARM POU
OTHER
MOVE OUTS
LEVEL OF CARE
LEVEL OF CARE %
BENEFITS
BENEFITS % TOTAL PAYROLL
5,152.64
5,164.75
2,502.82
456 0.01
163.281 4.08
0
73,519 1.84
0
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