CERTIFICATE Emeritus Corporation, EmeriCare, Inc., Brookdale Senior Living, Inc. For the Facility Known As: Brookdale Fountaingrove State of SS: County of tl\~\w ... ->'w.. ) - '--- ----- The enclosed Annual Report for Emeritu s Corporation , EmeriCare, Inc. , and Brookdale Senior Living, Inc., and any amendments thereto are correct to the best of my knowledge and belief. The continuing care contract form in use or offered to new residents at Brookdale Fountaingrove has been approved by the Department. As of the date of this certification , Emeritus Corporation, EmeriCare , Inc. , and Brookdale Senior Living, Inc., maintain the required liquid reserve for Brookdale Fountaingrove. ~~kowicz Senior Vice President Sworn and subscribed to before me, a Notary Public , this ,o day of April, 2018 My commission expires: & /J-1- / J-cr-
31
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w County of CERTIFICATE · CERTIFICATE HOLDER. THIS NEGATIVELY AMEND , POLICIES BELOW. THIS CERTIFICATE NOT A . CONTRACT . INSURER($) , AUTHORIZED. PRODUCER , CERTIFICATE HOLDER.
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CERTIFICATE
Emeritus Corporation, EmeriCare, Inc., Brookdale Senior Living, Inc.
For the Facility Known As:
Brookdale Fountaingrove
State of SS:
County of tl\~\w...->'w.. )- '--- -----
The enclosed Annual Report for Emeritus Corporation , EmeriCare, Inc. , and Brookdale Senior Living, Inc., and any amendments thereto are correct to the best of my knowledge and belief.
The continuing care contract form in use or offered to new residents at Brookdale Fountaingrove
has been approved by the Department.
As of the date of this certification , Emeritus Corporation, EmeriCare, Inc. , and Brookdale Senior
Living, Inc., maintain the required liquid reserve for Brookdale Fountaingrove.
~~kowicz Senior Vice President
Sworn and subscribed to before me,
a Notary Public , this ,o day
of April, 2018
My commission expires: & /J-1-/J-cr-
- -
FORM 1-1 RESIDENT POPULATION
Line Conti nuing Ca re Res idents
[ I] Number at beginning of fiscal year
[2] Number at end of fiscal year
[3] Total Lines I and 2
(4) Multiply Line 3 by ".SO" and enter result on Line S.
[S) Mean number of continuing care residents
All Res idents
[6) Number at beginning of fiscal year
[7] Number at end of fiscal year
[8) Total Lines 6 and 7 [9) Multiply Line 8 by ".SO" and enter result on Line 10.
[10) Mean number of all residents
Divide the mean number of continuing care residents (Line S) by the
[ I I] mean number of all residents (Line I 0) and enter the result (round to two decimal places).
FORM 1-2 ANNUAL PROVIDER FEE
Line
[ I] Total Operating Expenses (including depreciation and debt service- interest only)
[a] Depreciation $-----[b] Debt Service (Interest Only) $---
[2] Subtotal (add Line la and I b)
[3] Subtract Line 2 from Line I and enter result.
[4] Percentage allocated to continuing care residents (Form 1-1, Line 11)
[S] Total Operating Expense for Continuing Care Residents
(multiply Line 3 by Line 4)
[6] Total Amount Due (multiply Line S by .00 1)
346,000
3,890,000
TOTAL
114
86
200
x.S0
1100
114
l 0S
219 x.S0
I109.S
EJ TOTAL
$ 12,926,000
$ 4 ,236,000
$ 8,690,000
9 1.32%
$ 7,936,000
x.00 1
$ 7,936
PROVIDER: Emeritus Corporation, EmeriCare, Inc., Brookdale Senior Living , Inc. DBA Brookdale Fountaingrove
COMMUNITY: Brookdale Fountaingrove
ITEM# 6626008·8
Vendor Number: Name
0000103714
DEPARTMENTOF SOCIAL SERVICES
Check Date: Check No.
04/23 /2018
03934823
Invoice Number Invoice Date Payment Message Voucher ID Bus. Unit Pay on Behalf of:
0420187936 .00 04/20/2018
Gross Amount
CCRC RENEWAL FEE 7,936.00
Discount Taken
0.00
Paid Amount
00011520
7,936.00
24675 BKD Fountaingrove
TO ENSURE PAYMENTS, REMIT TO ADDRESS AND THE COMMUNITY NAME AND ADDRESS ARE REQUIRED ON YOUR INVOICES .
Gross Amount Total $7 ,936 .00 Discount Taken Total $0.00 Paid Amount Total $7,936 .00
Tear Here
THE BACK OF THIS DOCUMENT CONTAINS AN ARTIFICIAL WATERMARK - HOLD AT AN ANGLE TO VIEW
Broo kdale Sen ior Living Inc. C/0 6737 West Washington Street, Suite# 2300, Milwaukee, WI 53214
Check Date: VendorNumber:
04/23/2018 0000103714
Ch«kN~ 03934823 BANK OF AMERICA, N.A. IOI South Tryon Street
(270,0-15) (31,083) (165,.206)Jnco::,< (loss) from operations
1,933 1,603 J ,623 lnttre.sti::lcome
(3S5,61 7) (38S,76-l) (326,154)Intere.st~~e
(12,J09) (9,1 i 0) ( i. 020)Debt codi:ic:.ttfonandextinguishme.nt:cm (SOJ)( IJ ,S27) 1,660Equity in <arnings (loss) ea.'llin.'!•of u::consolidat<d ,·entures
19,273 7,21S 1,270 Ga.ino::i.sale of i!ssds , ntt
IJ ,S01 S,55711,J IS OihertO:?•opentingin~=~
(5SS,121) (399,25S) (550,36-l)Loss before mc:cmetl.."<e3
(5i l ,Jl 9) (JOJ,397) s (457,Jii);\et income Oos~)attribut2.bleto Brookdale Se:llorLidng be:. coC'l!llcnstockholder.s s s Basic:and dilutedcet income Ooss) per :hz.rezttn"buta.bleto BrookchleSeniorLh-iDg:Inc. co::nmcnstocl:bolden s (3.07) s (2. IS) s (2.JS)
(Registrant's telephone number including area code) (615) 22 1-2250
SECURITIE S REGI STERED PURSUANT TO SECTIO N 12(b) OF THE ACT :
Titl e of Each Class Nam e of Each Exchan ge on Which Registered Common Stock, $0 .01 Par Value Per Share New York Stock Exchang e
SE CURITIES REGI STERED PURSUANT TO SECTIO N 12(g) OF THE ACT: None
Indicate by chec k mark if the registrant is a well-known seasoned issue r, as defined in Rule 405 of the Securities Act. Yes [X)No []
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X)
Indicate by check mark whether the registrant: (1) has filed all reports requ ired to be filed by Section 13 or 15(d) of the Securities Exchang e Act of 1934 during the preced ing 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subj ect to such filing requirements for the past 90 days . Yes [X)No [ ]
Indicate by check mark whether the registrant has submitted electroni cally and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the p receding 12 months (or for such shorte r period that the registrant was required to submit and post such files). Yes [X)No []
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein , and will not be contained, to the best ofreg istrant's knowl edge, in definitive proxy or in formation statements incorporat ed by reference in Part ill of th is Form I0-Kor any amendment to this Form I 0-K. []
BLCGlenwood-Gardens AL-LH, LLC
S-H OpCo Camarillo, LLC
S-H OpCo Carlsbad, LLC
S-H OpCo Carmel Valley, LLC
S-H OpCo Rancho Mirage, LLC
S-H OpCo San Juan Capistrano, LLC
Emeritus Corporation d/b/a Brookdale
Northridge, Brookdale Fountaingrove,
Brookdale Yorba Linda and Brookdale
San Dimas
2017 Client Service Communication
The Members and Board of Directors BLCGlenwood-Gardens AL-LH, LLC;S-H OpCo Camarillo, LLC;S-H OpCo Carlsbad, LLC;S-HOpCo Carmel Valley, LLC;
Client service is a priority .......................................................................................7
CONFIDENTIALI LBMC, PC
Detail
Qualitative Aspectsof Management is responsible for the selection and use of appropriate accounting policies. In
AccountingPractices- accordance with the terms of our engagement letter , we will advise management about the
AccountingPolicies appropriateness of account ing policies and their application. No new accounting policies
were adopted and the application of exist ing policies was not changed during 2017. We are
not aware of any transactions entered into by the Companies during the year for which there
is a lack of authoritative guidance or consensus. All significant transactions have been
recognized in the Reports in the proper period.
Qualitat ive Aspectsof Accounting estimates are an integral part of the Reports prepared by management and are
AccountingPractices- based on management 's knowledge and experience about past and current events and
ons about future events. Certain account ing estimates are particu larly sensitive dueEstimates assumptito: (i) their significance to the Reports; and (ii) possibility that future events affecting them
may differ significantly from those expected . The most sensitive estimates affecting the
Reports relate to:
• Calculation of revenueapplicableto residents without a continuingcare contract
• Depreciablelivesof propertyand equipment • Amortizationperiod of residentleaseholdintangibles
We have reviewed and evaluated all areas where management 's estimates significantly
impact the Reports and have concluded that they are reasonable in the context of the
Reports taken as a whole.
4CONFIDENTIAL I LBMC, PC
Area Detail
Difficultie s For purposes of this report, "difficulties" may include matters such as:
Encountered in • the unavailability of, or significant delays in management's prov iding information,
Performing the Audit • an unreasonable time frame within which to complete the audit,
• extensive unexpected effort required to obtain audit evidence, or
• restrict ions imposed on the auditor by management.
We encountered no significant difficulties in performing and completing our audits.
Disagreement s wi th For purposes of this report, professional standards define "disagreements with management" as
Mana gemen t a financial accounting, reporting, or auditing matter, whether or not resolved to our
satisfaction , that could be significant to the reports or the auditors' reports. We are pleased to
report that no such disagreements arose during the course of our audits.
Mana gement In some cases, management may decide to consult with other accountants about auditing and
accounting matters, similar to obtaining a "second opinion" on certain situations. If consultation Consultations with
involves application of an accounting principle to the Companies' Reports or a determination ofOther Independent the type of auditors' opinion that may be expressed on those Reports, our professional
Accountants standards require the consulting accountant to check with us to determine that the consultant
has all the relevant facts. To our know ledge, there were no such consultat ions with other
accountants.
Manag ement We have requested certain representations from management that are included in the
Representation s management representation lette r dated April 25, 2018.
Independence We are not aware of any relationships between our firm and the Companies that, in our
professional judgment, may reasonably be though t to bear on our independence that have
occurred during the period from January 1, 2017 through the date of this report.
Corrected and Professional standards require us to accumulate all misstatements identified during the audit ,
Uncorrecte d other than those that are trivial, and communicate them to the appropriate level of
management. No misstatements were detected as a result of our audit procedures. Misstatement s
5CONFIDENTIALI LBMC,PC
In planning and performing our audit of the Reports, we considered the Companies' internal control over accounting
and financial report ing ("internal control") as a basis for designing audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinion on the Reports, but not for the purpose of expressing an
opinion on the effectiveness of the Companies' internal control. Accordingly, we do not express an opinion on the
effectivene ss of the Companies' internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions , to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies in internal
control, such that there is a reasonable possibility that a material misstatement of the Companies' Reports will not be
prevented, or detected and corrected, on a timely basis.
Our consideration of internal control was for the limited purpose described in the first paragraph and was not
designed to identify all deficienc ies in internal control that might be material weaknesses or significant deficiencie s
and, therefore, material weaknesses or significant deficiencies may exist that were not identified. Given the se
limitations, during our audit, we did not identify any deficiencies in internal control that we consider to be material
weaknesses. However, material weaknessesmay exist that have not been identified .
6CONFIDENTIALI LBMC, PC
For additional information or if you have questions please contact the Audit Service Team Leaders.
We have audited the accompanying cont inuing care reserve report Forms 5-1 t hrough 5-5 (the "Reports") of Emeritus Corporation, EmeriCare, Inc., Brookdale Senior Living, Inc. d/b/a Brookdale Fountaingrove (the "Company"), as of December 31, 2017. The Reports have been prepared by management using the report preparation provisions of California Health and Safety Code Section 1792.
Management's Responsibility
Management is responsible for the preparation and fair presentation of the Reports in accordance with the requirements of California Health and Safety Code Section 1792; this includes the design, implementation and maintenance of internal contro l relevant to the preparation and fair presentation of Reports that are free from material misstatement, whether due to fraud or error.
Auditors' Responsibility
Our responsibility is to express an op inion on the Reports based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Reports
are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the Reports. The procedures selected depend on the auditors' judgment , including the assessment of the risks of materi al misstatement of the Reports, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the Reports in order to design audit procedures that are appropriate in the circumstance s, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control. Accordingly, we express no such opin ion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the Reports.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
Opinion
In our opinion, the Reports present fairly, in all material respects, the liquid reserve requirements of the Company as of December 31, 2017, in conformity with the repor t preparation provi sions of California
Health and Safety Code Section 1792.
Basis of Accounting
The accompanying Reports were prepared in accordance with the repo rt preparation provisions of California Health and Safety Code Section 1792, wh ich is a basis of accounting other than accounting principles generally accepted in the United States of America. The Reports are not intended to be a complete presentation of the Company's assets, liabilitie s, revenues and expenses. Our opinion is not
modified with respect to this matter.
Restriction on Use
Our report is intend ed solely for the information and use of th e Company and for f iling with the California Department of Social Services and should not be used by anyone other than these specified parties . However, this report is a matter of public record and its distribution is not limited.
Brentwood, Tennessee April 25, 2018
FORMS- I
LONG -TE RM DE BT INCU RRED IN A PRIOR FISCAL YEA R
(Including Balloon Debt) (d) (e)
(a) (b) (c)
Long-Term Debt Date Principa l Paid Interest Paid Credit Enh anceme nt Total Paid
Obligat ion Incurred During Fiscal Year During Fiscal Year Premiums Paid in Fiscal Year (columns (b)+ (c)+ (d))
I
2
3
4
5
6
7
8
$0.00 $0.00 $0.00TOTA L:
(Trans]er this 0111011111to
Form 5-3. line I)
NOTE : For column (b), do not include voluntary payments made to pay down princ ipal.
PROVIDER: Emeritu s Corporatio n EmeriCare Inc. Brookdal e Senior Living. Inc. DBA Brookdale Fountaingrove
FORM5-2
LONG-TERMDEBT INCURREDDURINGFISCAL YEAR (Including Balloo n Debt)
(e)(a) (b) (c) (d)
Tota l Interest Paid During Amount of Most Recent Number of Payments Reserve Requirement (see instruction 5) (columnsDateLong-Tenn
Payment on the Debt over next 12 months (c) x (d))Incurred Fiscal Year
Debt Obligation
I
2
3
4
5
6
7
8
$0.00 $0.00 $0.00TOTAL: $0.00
(Transfer this amoum to
Form 5-3, line 2)
NOTE: For column (b), do not include voluntary payments made to pay down principal.
Emeritus Corporat ion. EmeriCare. Inc .. Brookdale Senio r Living. Inc. DBA Brookdale FountaingrovePROVIDER:
FORMS-3
CALCULATION OF LONG -TERM DEBT RESERVE AMOUNT TOTAL
Line
$Total from Form 5- 1 bottom of Column (e)
$2 Total from Form 5-2 bottom of Column (e)
3 Fac ility leasehold or rental payment paid by provider dur ing fisca l year. $ 3,890,000
(includin g related payments such as lease insurance)
$ 3,890,0004 TOTAL AMOUNT REQUIRED FOR LONG-TERM DEBT RESERVE:
CALCULATION OF NET OPERATING EXPENSES Amounts TotalLine
$ 12,926,000 I Total operat ing expenses from financ ial statements
2 Deductions $ 3,890,000
a lnterest paid on long-term debt (see instructions)
b Credit enhanceme nt premium s paid for long-term debt (see instructio ns) $
$ 346,000c Deprec iation d Amort ization --
$
e Revenues rece ived during the fisca l yea r for services to persons who did not have a $ 855,000
cont inuing care contract $
f Extraord inary expenses approved by the Department $ 5,09 1,000
3 Total Deductions $ 7,835,000
4 Net Operating Expenses $ 21,466
5 Divide Line 4 by 365 and enter the resu lt. $ 1,6 10,000
6 Multiply Line S by 75 and enter the result. This is the provider's opera ting expense reserve amount.
Emeritus Corporatio n, EmeriCare, Inc., Brookda le Senior Living, Inc. DBA Brookda le Fountaingrove PROVIDE R: COMMUNITY: Brookdale Fountaingrove
FORM 5-4 CALCULATION OF NET OPERATING EXPENSES RECONCILIATION OF LINE 2E
Revenues received during the fiscal year for services to persons who did not have a continuing care contract (Line 2E)
Revenues received from continuing care residents
Cash received for "Resident Revenue"*
$
Brookdale
Fountaingrove
91.32% 855,000
8,992,000
$ 9,847,000
Cash received for Resident Revenue is allocated between revenues received from residents and revenues received from persons who did not have a continuing care contract based on the weighted average determined on line I 1 of Form 1-1.
* Conversion of GAAP Resident Revenue to Cash Basis Resident Revenue
Revenue from Resident Services and Ancillary Services, per Statement of Operations
s 3,890,000 S 1,610,000 [4] Cas h ond Cash Equivalents
[5] Investment Securities
[6] Equity Securities
[7] Unused/Available Lines of Credit
[8] Unused/Available Letters of Credit (not applicable)
(9] Debt Service Reserve
(IO] Other :
(describe qualifying ass et)
See attached statement
Totn l Amount or Qunlifying Assets
Listed for Liquid Reserve: [II] s 3,890,000 [12] s 1,610,000
[13] s 3,890,000 [14] s 1,610,000Totn l Amount Required:
S11rplus/(Deficiency): [15] s [16] $
Signature :
'-ff3v[tiDate:
(Authorized Repre sentative )
JoanneLeskowicz. SeniorVicePresident
(Title)
ii
Emeritus Corporation, EmeriCare, Inc., Brookdale Senior Living, Inc. d/b/a
Brookdale Fountaingrove Disclosures Form 5-5 per H&SC section 1790(a)
December 31, 2017
The per capita costs of operation for Emeritus Corporation d/b/a Brookdale Fountaingrove
continuing care retirement community:
Form 1-2 1. Total Operat ing Expense $10,648,000
Form 1-1 7. Number at end of year 105
Total costs per resident $101,410
The construction in progress was funded through for Emeritus Corporation d/b/a Brookdale Fountaingrove own funds, no new financing were made in FY 2017 for construction. In addition, there were no funds set aside for future projects nor for any contingency amounts for Emeritus
Corporation d/b/a Brookdale Fountaingrove .
In accordance with the Code, Emeritus Corporation d/b/a Brookdale Fountaingrove has computed its liquid reserve requi rement as of December 31, 2017, its most recent fiscal year end, and the reserve is based on Brookdale Senior Living, lnc.'s conso lidated audited financial
statements for that period.
The restricted cash consists of reserve funds requir ed by regulatory agencies for licensed continuing care retirement communities. As of December 31, 2017, the minimum liqu id reserve ("MLR") funded by restricted cash was $5.5 million. Of the $5.5 million, $3.9 million was for Debt Service Reserve, to service debt and $1.6 million was for Operating Reserve, to cover
operating expenses.
Note 1 to the Continuing Care Reserve Report (Part 5)
The continuing care reserve report included in Part 5 has been prepared in accordance with the report preparation provisions of the California Health and Welfare Code {the Code), Section
1792.
Section 1792 of the Code indicates that the Company should maintain at all times qualifying assets as a liquid reserve in an amount that equals or exceeds the sum of the following :
• The amount the provider is required to hold as a debt service reserve under Section
1792.3.
• The amount the provider must hold as an operating expense reserve under Section
1792.4.
In accordance with the Code, the Company has computed its liquid reserve requirement as of December 31, 2017, its most recent fiscal year end, and the reserve is based on Brookdale Senior Living, lnc.'s consolidated audited financial statements for that period.
REPORT FORM 7-1
ON CCRC MONTHLY SERVICE FEES
RESIDENTIAL LIVING
ASSISTED LIVING
SKILL ED NURSING
f11 Monthly Service Fees at beginning of reporting period:
(indicate range, if applicable) NIA $ 4,680 $ 8,283
121 Indicate percentage of increase in fees imposed during reporting period:
(indicate range, if applicable) NIA 2.9%
� Check here if monthly service fees at tltis community were not increased during the reporting period. (If you checked tltis box, please skip down to the bottom of this form and specify the names of the provider and community.)
131Indicate the date the fee increase was implemented: 1/112017 (lfmore than I increase was implemented, indicate the dates for each increase.)
141 Check each of the appropriate boxes:
X Each fee increase is based on the provider's projected costs, prior year per capita costs,
and economic indicators.
X All affected residents were given written notice of this fee increase at least 30 days
X
X
X
X
prior to its implementation.
At least 30 days prior to the increase in monthly service fees, the designated representative of the provider convened a meeting that all residents were invited to attend.
At the meeting with residents, the provider discussed and explained the reasons for the increase, the basis for detennining the amo1mt of the increase, and the data used for calculating the increase.
The provider provided residents with at least 14days advance notice of each meeting
held to discuss the fee increases.
The governing body of the provider, or the designated representative of the provider
posted the notice of, and the agenda for, the meeting in a conspicuous place in the
community at least 14 days prior to the meeting.
fSI On an attached page, provide a concise explanation for the increase in monthly service fees including the amonnt of the increase.
PROVIDER : Emerit us Co rporation , EmeriCare , Inc., Brookdale Sen ior Livin g, Inc. OBA Brookda le Founta ingrovc
COMMUNITY : Brookdal e Fountaingrove
Form 7-1 Note
[S] Monthly service fees for Skilled Nursing decreased by -6.6% due to residents with higher rates and
less discounts moving out. Residents were replaced w ith what appears to be resident s with higher rates
but more discounts. Assisted Living rates increased by 2.9% due to market adjustments.
- ---
-- -- ----- --
--- - - -----
- --- ------
---------------
-- -- - - ------ - ---- - -- -- --
-------- ----------
ContinuingCare Retirement Community Dote Prepared: 4/27/18
Disclosure Statement General Information
FACILITYNAME:Brookdale Fountaingrove ZIP CODE95403 707-566-8600: PHONE:
ILITY TOR: ADDRESS300 Fountaingrove Pkwy, Santa Rosa, CA : PROVIDERNAME: Emeritus Corporation, EmeriCare, Inc., Brookdale Senior Living, Inc. FAC OPERA eme,;1u,Co,poration.EmeriCa,e,Inc .• a,0o1<dalesen1orUv;ng. 1nc.
RELATEDFACILITIES: Please see below for other CCRCs AFFILIATION:RELIGIOUS None
# OF D SINGLE MULTI MI TO SHOPP __0 LES ING CTR: _1YEAR 2000 STORYD OTHER: _ TO HOSPITAL: ________ MILES _1OPENED: ACRES:~ STORY
*********** *** **** *** ******* ***** ******* **************** *** * ********** NUMBER : LIVING HEALTHCAREOF UNITS RESIDENTIAL
STUDIO: ASSISTED 92
APARTMENTS-l BDRM: o SKILLED 45
APARTMENTS- o LIVING: NURSING:
APARTMENTS-2BDRM:o CARESPECIAL : 24
COTTAGES/HOUSES: o > Dementia care DESCRIPTION:
R LU OCCUPANCY(YEAR o - - --- ---%) AT END: > ---,-....,......,..--,----- -- ---
� � All providers ore required and Safety section 1789 this report to prospective a deposit agreement or by Health Code .1 to provide residents before executing continuingcore contract, or receiv . Man ore port of multi-facility which financial Consumering any payment y communities operations may influence reporting. s ore encouraged to ask questions of the continuing core retirement y that they are considering and to seek advice from profcommunit essional advisors.
NOTE:These formulas ore also used bythe Continuing Care Accreditation Commission.For each formula, that organization also publishes annual medianfigures for certain continuing care retirement communities.