2024-05-15T15:09:02-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-07-01 232132688 ELM TERRACE GARDENS ELMT 2153615664 660 N BROAD STREET LANSDALE PA 19446 ROBERT PARVIN PRESIDENT AND CEO 2153615664 2024-05-14 1 ROBERT PARVIN XXX-XX-XXXX 1 KERRI N BOGDA CPA P00760402 7177404863 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIMOTHY MURPHY 660 N BROAD STREET LANSDALE PA 19446 25317338 0 X WWW.ELMTERRACEGARDENS.ORG X 1979 PA PROVIDES QUALITY HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO RESIDENTS. 11 11 266 64 0 0 2211331 2264359 20438723 20653462 119066 114992 334909 321473 23104029 23354286 0 0 0 0 9140939 10231697 0 0 0 14201962 11640508 23342901 21872205 -238872 1482081 44942521 42664904 31744751 27869191 13197770 14795713 X ELM TERRACE GARDENS, A NON-PROFIT CORPORATION, SERVES OLDER ADULTS BY PROVIDING INDEPENDENT LIVING, PERSONAL CARE, AND SKILLED NURSING SERVICES IN A SAFE, CARING, ATTRACTIVE, STIMULATING, AND SPIRITUALLY NOURISHING ENVIRONMENT. ACCORDINGLY, WE SEEK THE HIGHEST LEVELS OF RESIDENT WELL BEING WITHIN THE CONTEXT OF STATE-OF-THE-ART LONG TERM CARE. 0 0 19106023 0 20653462 ELM TERRACE GARDENS OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 72-BED NURSING FACILITY, A 64-BED PERSONAL CARE FACILITY, A 24 BED MEMORY SUPPORT FACILITY, AND 146 INDEPENDENT LIVING APARTMENTS. THE COMPANY'S OPERATIONS ARE LOCATED IN LANSDALE, PENNSYLVANIA. ITS PRIMARY SERVICE AREA INCLUDES LANSDALE, PENNSYLVANIA AND SURROUNDING COMMUNITIES IN MONTGOMERY COUNTY, PENNSYLVANIA. THE ORGANIZATION SERVED 385 RESIDENTS DURING THE FISCAL YEAR.THE COMPANY PROVIDES INDEPENDENT LIVING, PERSONAL CARE AND MEMORY CARE SERVICES TO RESIDENTS WHO MEET CERTAIN CRITERIA AT AMOUNTS LESS THAN ITS COST OF PROVIDING CARE. THE COMPANY MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF BENEVOLENT CARE IT PROVIDES. THE COSTS ASSOCIATED WITH THE BENEVOLENT CARE SERVICES PROVIDED INCLUDE BOTH DIRECT COSTS AND ESTIMATED INDIRECT COSTS, AS CALCULATED BY MANAGEMENT. 19106023 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 266 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JENNIFER MEYERS FINANCIAL CONTROLL 2153615677 660 N BROAD STREET LANSDALE PA 19446 HAROLD MATHUES CHAIRPERSON 2.00 0.00 X X 0 0 0 NATALIE GLANTZ VICE CHAIRPERSON 2.00 0.00 X X 0 0 0 DON HELPA SECRETARY 2.00 0.00 X X 0 0 0 JOHN PAROLA TREASURER 2.00 0.00 X X 0 0 0 JAMES BURNS DIRECTOR 2.00 0.00 X 0 0 0 NANCY BUTTERWORTH DIRECTOR 2.00 0.00 X 0 0 0 CRAIG CAMPBELL DIRECTOR 2.00 0.00 X 0 0 0 CRAIG COVINGTON DIRECTOR 2.00 0.00 X 0 0 0 REV ERIC KRAIHANZEL DIRECTOR 2.00 0.00 X 0 0 0 DIANE MESSNER DIRECTOR 2.00 0.00 X 0 0 0 KAREN RICE DIRECTOR 2.00 0.00 X 0 0 0 KATHRYN TATUM DIRECTOR 2.00 0.00 X 0 0 0 TIMOTHY MURPHY PRESIDENT/CEO 40.00 0.00 X 246850 0 15745 ROBERT PARVIN COO/NHA 40.00 0.00 X 185186 0 17948 JOYCE MCINERNY DIRECTOR OF NURSING 40.00 0.00 X 126080 0 10429 ERIN TROUT MARKETING DIRECTOR 40.00 0.00 X 146197 0 16662 ANDREA COOPER CNA 40.00 0.00 X 116415 0 8844 CAROL MANES REGISTERED NURSE SUPERVISOR 40.00 0.00 X 115092 0 7133 SHARON CARNEY LPN 40.00 0.00 X 104405 0 9766 1040225 0 86527 7 0 1 0 UNIDINE 1000 WASHINGTON ST 510 BOSTON MA 02118 FOOD SERVICES 3068750 POWERBACK REHABILITATION PO BOX 821322 PHILADELPHIA PA 19175 THERAPY 1363917 MAXIM HEALTHCARE STAFFING SERVICES INC 7227 LEE DEFOREST DR COLUMBIA MD 21046 AGENCY STAFFING 756559 INTELYCARE INC 1250 HANCOCK ST STE 501N QUINCY MA 02169 AGENCY STAFFING 386306 BAKER TILLY US LLP BOX 78975 MILWAUKEE WI 532788975 ACCOUNTING SERVICES 293855 7 2258253 6106 2264359 NET RESIDENT SERVICE REVENUE 623000 20653462 20653462 20653462 133550 133550 383897 184771 199126 199126 199126 1739309 1757867 -18558 -18558 -18558 16118 20414 -4296 -4296 BARBER & BEAUTY REVENUE 623000 68859 68859 BAD DEBT RECOVERY 623000 38778 38778 TELEPHONE REVENUE 623000 10175 10175 8831 8831 126643 23354286 20653462 0 436465 X 478929 478929 8222091 7328684 893407 53684 53684 831238 719481 111757 645755 543261 102494 169762 169762 10400 10400 19489 19489 5264474 4804346 460128 92520 92520 251040 186991 64049 217126 190350 26776 1377789 1377789 56607 49626 6981 4228 4228 504723 454251 50472 2432096 2188886 243210 226420 226420 MEDICAL SUPPLIES 430519 430519 PA NURSING HOME ASSES. 180947 180947 LICENSES AND FEES 104625 91723 12902 RESIDENT RELATIONS 79534 79534 218209 199531 18678 21872205 19106023 2766182 0 200 1417 4306426 3935887 943017 936826 31292 31292 219908 198358 60083675 27114831 35117174 32968844 4155177 4358990 169327 233290 44942521 42664904 2820091 2298306 265701 255978 12797080 11272106 287485 287485 15574394 13755316 31744751 27869191 X 12994193 14592136 203577 203577 13197770 14795713 44942521 42664904 1482081 115862 0 X 0 1 X 1 0 X 8895 11207 2502795 2211331 2264359 6998587 20251488 20917156 19494250 20438723 20653462 101755079 20260383 20928363 21997045 22650054 22917821 108753666 0 0 0 108753666 506723 372414 387124 454608 517447 2238316 506723 372414 387124 454608 517447 2238316 236951 915307 125518 158631 142761 1579168 21004057 22216084 22509687 23263293 23578029 112571150 0.96610 0.96760 0.01990 0.01730 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BARBER AND BEAUTY SHOP - 2018 AMOUNT: $ 127,220. 2019 AMOUNT: $ 84,395. 2020 AMOUNT: $ 56,137. 2021 AMOUNT: $ 71,155. 2022 AMOUNT: $ 68,859. COVID STIMULUS - 2019 AMOUNT: $ 649,739. 2020 AMOUNT: $ 16,663. GUEST QUARTERS MEALS - 2018 AMOUNT: $ 26,458. 2019 AMOUNT: $ 20,417. 2020 AMOUNT: $ 1,400. 2021 AMOUNT: $ 1,436. 2022 AMOUNT: $ 3,709. LAUNDRY REVENUE - 2018 AMOUNT: $ 6,326. 2019 AMOUNT: $ 85,397. 2020 AMOUNT: $ 2,030. 2021 AMOUNT: $ 945. 2022 AMOUNT: $ 735. MEDICAL RECORDS/OTHER INCOME - 2018 AMOUNT: $ 4,647. 2019 AMOUNT: $ 694. 2020 AMOUNT: $ 622. 2021 AMOUNT: $ 51,785. 2022 AMOUNT: $ 1,213. STORE INVENTORY - 2018 AMOUNT: $ 34,910. 2019 AMOUNT: $ 38,961. 2020 AMOUNT: $ 23,893. 2021 AMOUNT: $ 18,696. 2022 AMOUNT: $ 16,118. TELEPHONE REVENUE - 2018 AMOUNT: $ 32,708. 2019 AMOUNT: $ 31,312. 2020 AMOUNT: $ 16,985. 2021 AMOUNT: $ 13,059. 2022 AMOUNT: $ 10,175. TRANSPORTATION REVENUE - 2018 AMOUNT: $ 4,682. 2019 AMOUNT: $ 4,392. 2020 AMOUNT: $ 7,788. 2021 AMOUNT: $ 1,555. 2022 AMOUNT: $ 3,174. BAD DEBT RECOVERY - 2022 AMOUNT: $ 38,778. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1507117 1507117 57128823 26444681 30684142 1447735 670150 777585 32968844 REFUNDABLE FEES AND DEPOSITS 1048296 DEFERRED REVENUE - ENTRANCE FEES 12707020 13755316 X 23556330 115862 -80224 35638 23520692 -166406 -166406 23354286 21958387 166406 166406 21791981 80224 80224 21872205 PART X, LINE 2: GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN GAAP. PART XI, LINE 2D - OTHER ADJUSTMENTS: RESIDENT REFUNDS RECLASSED TO EXPENSES -60,735. INVESTMENT MANAGEMENT FEES -19,489. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -184,771. COST OF GOODS SOLD -20,414. BAD DEBT RECOVERY 38,779. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 184,771. COST OF GOODS SOLD 20,414. BAD DEBT RECOVERY -38,779. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENT REFUNDS RECLASSED TO EXPENSES 60,735. INVESTMENT MANAGEMENT FEES 19,489. X X X 0 0 0 0 0 0 0 1 0 TIMOTHY MURPHY PRESIDENT/CEO 231783 0 15067 0 0 0 13508 0 2237 0 262595 0 0 0 ROBERT PARVIN COO/NHA 173111 0 12075 0 0 0 10815 0 7133 0 203134 0 0 0 ERIN TROUT MARKETING DIRECTOR 73572 0 0 0 72625 0 9086 0 7576 0 162859 0 0 0 PART I, LINE 7 THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PLAN FOR A SELECT GROUP OF EXECUTIVES WHICH IS BASED ON QUANTITATIVE AND QUALITATIVE GOALS, INCLUDING MEETING OR EXCEEDING BUDGETED AMOUNTS, RESIDENT AND EMPLOYEE SATISFACTION, SURVEY COMPARISONS, COMPLIANCE WITH REGULATIONS AND ADHERENCE TO STRATEGIC PLANNING. THE INCENTIVE COMPENSATION CANNOT EXCEED 15% OF THE INDIVIDUAL'S BASE COMPENSATION. THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PLAN FOR MARKETING TEAM MEMBERS WHICH IS BASED ON QUANTITATIVE GOALS RELATED TO THE FILLING OF THE IL, SNF, PC, AND MSF UNITS. A NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2004-07-22 10000000 CONSTRUCTION AND REFINANCING 0 0 0 B NORTH PENN HEALTH HOSPITAL AND EDUCATIONAL AUTHORITY 232130191 2007-03-21 4885000 CONSTRUCTION AND REFINANCING 0 0 0 C HATFIELD TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 232622492 2015-01-29 2500000 CONSTRUCTION AND RENOVATIONS 0 0 0 D HATFIELD TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 232622492 2014-12-22 10000000 CONSTRUCTION AND RENOVATIONS 0 0 0 A 8177482 10000000 1315000 8685000 2004 1 0 1 1 B 4777403 4885000 221514 4685000 2007 1 0 1 1 C 707186 2500000 2500000 2017 0 0 1 1 D 2450823 10000000 10000000 2017 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: HATFIELD TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/05/2021 ISSUER NAME: HATFIELD TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/04/2021 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CEO WILL PERFORM AN INITIAL REVIEW OF THE FORM 990. UPON HIS APPROVAL, THE BOARD OF DIRECTORS WILL RECEIVE COPIES OF THE RETURN BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 1. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY ARE NOT DELIBERATELY ENGAGED IN ANY ACTIVITIES WHICH CREATE A CONFLICT OF INTEREST. DIRECTORS ATTEST UPON ELECTION TO THE BOARD AND ANNUALLY THEREAFTER THAT THEY WILL DISCLOSE SUCH A CONFLICT OF INTEREST SHOULD IT ARISE. SUCH ATTESTATION IS DOCUMENTED ON THE "INDIVIDUAL STATEMENT REGARDING CONFLICT OF INTEREST" FORM. 2. EXECUTED ATTESTATIONS ARE FILED IN THE BOARD OF DIRECTORS FILE. 3. SHOULD A DIRECTOR (OR ANYONE ELSE) BELIEVE THAT THERE EXISTS A CONFLICT OF INTEREST OR A POTENTIAL FOR A CONFLICT OF INTEREST BETWEEN THE INTERESTS OF ELM TERRACE GARDENS AND ANY OTHER INTEREST A DIRECTOR MAY HAVE, SUCH IS BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IN WRITING. 4. THE EXECUTIVE COMMITTEE EVALUATES THE CONFLICT OR POTENTIAL CONFLICT TO DETERMINE WHETHER IT UNDERMINES THE DIRECTOR'S ABILITY TO SERVE. 5. SHOULD THE BOARD DETERMINE THAT THE DIRECTOR NOT BE REMOVED FROM OFFICE, THE DIRECTOR ABSTAINS FROM DISCUSSION OF AND VOTING ON ANY MATTER RELATED TO THE CONFLICT OR POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE PENNSYLVANIA LEADINGAGE SALARY SURVEY FOR SOUTHEASTERN PENNSYLVANIA AS WELL AS THE NY, NJ, AND PA REGIONAL LEADINGAGE AND HCS CCRC COMPENSATION SURVEYS IN DETERMINING ALL EMPLOYEE COMPENSATION. ALL COMPENSATION DECISIONS ARE DETERMINED TAKING INTO CONSIDERATION FAIR MARKET RANGES FOR THE INDUSTRY. THE COMPENSATION OF THE PRESIDENT IS APPROVED BY THE BOARD. THE PRESIDENT, IN TURN, DETERMINES COMPENSATION FOR OTHER KEY EMPLOYEES. ALL DECISIONS ARE DOCUMENTED, INCLUDING THE AWARDING OF INCENTIVE BONUSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE INCLUDED IN THE DISCLOSURE STATEMENT PROVIDED TO EXISTING AND PROSPECTIVE RESIDENTS. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 460,128. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 460,128. MSD CONTRACT: PROGRAM SERVICE EXPENSES 3,390,658. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,390,658. OCCUPATIONAL THERAPY SERVICES: PROGRAM SERVICE EXPENSES 398,285. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 398,285. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 253,191. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 253,191. PHYSICAL THERAPY SERVICES: PROGRAM SERVICE EXPENSES 762,212. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 762,212.