2024-08-15T09:09:18-05:00 2023-09-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-10-01 560564344 PRESBYTERIAN HOMES INC PRES 3368866553 2109 SANDY RIDGE ROAD COLFAX NC 27235 JULIA HANOVER VICE PRESIDENT - CFO 3368866553 2024-08-14 1 0 JOHN M ROBINSON P01281319 3362944494 2024-08-14 2022 2024-08-08 14:25:15Z BRIGHTSPIRE INC RIVER LANDING AT SANDY RIDGE SCOTIA VILLAGE PHI MANAGEMENT SERVICES LLC PHI REHAB SERVICES LLC TIMOTHY J WEBSTER 2109 SANDY RIDGE ROAD COLFAX NC 27235 74447404 0 8627 X HTTPS://WWW.BRIGHTSPIRE.ORG/ X 1942 NC THE VISION OF THE PRESBYTERIAN HOMES INC DBA BRIGHTSPIRE IS TO CREATE AN INNOVATIVE, VIBRANT, AND DIVERSE CULTURE WHICH PROVIDES SECURITY AND ENHANCES QUALITY OF LIFE WHILE PROVIDING HOUSING AND SERVICE TO SENIOR ADULTS. 16 16 1489 218 0 0 1895901 1821427 55417188 62642744 2682390 709266 272934 511676 60268413 65685113 1588331 2098785 0 0 28245688 32853093 0 0 342013 23807763 25486898 53641782 60438776 6626631 5246337 239360172 244275349 161459238 152518383 77900934 91756966 X THE MISSION OF THE PRESBYTERIAN HOMES DBA BRIGHTSPIRE IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF THOSE WE SERVE. THE PRESBYTERIAN HOMES DBA BRIGHTSPIRE PROVIDES SENIOR ADULTS WITH CARING AND HIGH QUALITY SERVICES IN SUPPORT OF THEIR PHYSICAL, INTELLECTUAL, SOCIAL AND SPIRITUAL WELL-BEING. 0 0 45679765 2098785 63055686 THE PRESBYTERIAN HOMES, INC. DBA BRIGHTSPIRE PROVIDES RESIDENTIAL ASSISTED LIVING AND NURSING CARE FOR APPROXIMATELY 875 SENIOR ADULT RESIDENTS. SERVICES INCLUDE HOUSEKEEPING, FOOD SERVICE, MEDICAL AND OTHER SUPPORT SERVICES IN A CONTINUING CARE COMMUNITY. 45679765 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 112 0 1 1489 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X RHONDA CUMMONS 3368866553 2109 SANDY RIDGE ROAD COLFAX NC 27235 LORI HADDOCK CHAIRPERSON 1.00 X X 0 0 0 ALEXANDER L MAULTSBY VICE CHAIRPERSON 1.00 X X 0 0 0 WILLIAM C MCILWAIN SECRETARY 1.00 X X 0 0 0 LEIGH ANN KLEE TREASURER 1.00 X X 0 0 0 DAVID COULTER BOARD MEMBER 1.00 X 0 0 0 DOUG BROWN BOARD MEMBER 1.00 X 0 0 0 ANGELA BUTLER BOARD MEMBER 1.00 X 0 0 0 MAC DOUBLES BOARD MEMBER 1.00 X 0 0 0 BUBBA JUDY BOARD MEMBER 1.00 X 0 0 0 CONNIE LASTER BOARD MEMBER 1.00 X 0 0 0 D HECTOR MCEACHERN BOARD MEMBER 1.00 X 0 0 0 DEBRA PAPPAS BOARD MEMBER 1.00 X 0 0 0 CORINNE NICHOLSON BOARD MEMBER 1.00 X 0 0 0 STEVE ROYAL BOARD MEMBER 1.00 X 0 0 0 BILL SMITH BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER B TAYLOR BOARD MEMBER 1.00 X 0 0 0 EDDIE WILLIFORD BOARD MEMBER 1.00 X 0 0 0 GREG WOOD BOARD MEMBER 1.00 X 0 0 0 ALEXANDER WRENN BOARD MEMBER 1.00 X 0 0 0 TIMOTHY WEBSTER ASSISTANT SECRETARY - CEO 37.50 X 526459 0 36180 JULIA HANOVER ASSISTANT TREASURER - CFO 37.50 X 315145 0 29057 CREIGHTON LOVVORN VICE PRESIDENT - COO 37.50 X 373810 0 33352 MARK COLLINS VICE PRESIDENT - DIRECTOR 37.50 X 219694 0 21992 THOMAS SMITH EXECUTIVE DIRECTOR-RIVER L 37.50 X 232335 0 28055 ARNOLD THOMPSON EXECUTIVE DIRECTOR-FRIENDS 37.50 X 223219 0 30789 LAURA LOWE DIRECTOR OF MARKETING 37.50 X 230903 0 11741 TIFFANY ROBERSON DIRECTOR OF HEALTH SERVICE 37.50 X 198770 0 23667 SEAN STOWERS DIRECTOR OF INFORMATION TECHNOLOGY 37.50 X 197183 0 19720 2517518 0 234553 10 0 1 0 TRINITY REHAB LLC 113 S RAILROAD AVE DUNN NC 28334 THERAPY 1759564 ID COLLABORATIVE 201A STATE ST GREENSBORO NC 27408 INTERIOR DESIGN 907618 J O F PAINTING LLC 101 WOOD HOLLOW DR CARY NC 27513 CONSTRUCTION 470097 CAROLINA THERAPY SERVICES INC 111 SOUTH RAILROAD AVE DUNN NC 28334 THERAPY 411354 GUARDIAN PHARMACY OF EASTERN NC LLC 4459 TARHEEL DRIVE PINK HILL NC 28572 PHARMACY 273240 11 1821427 1821427 RESIDENT SERVICE FEES 623000 48805640 48805640 AMORTIZED ENTRY FEES 623000 8850762 8850762 MANAGEMENT FEES 623000 3388383 3388383 ANCILLARY SERVICES 623000 1188927 1188927 FOOD SERVICE INCOME 623000 409032 409032 62642744 2565003 2565003 98734 0 98734 98734 98734 6906554 8762291 -1855737 -1855737 -1855737 MISCELLANEOUS REVENUE 623000 273427 273427 GOLF CLUB REVENUE 623000 83830 83830 BEAUTY SHOP REVENUE 623000 55685 55685 412942 65685113 63055686 0 808000 X 2098785 2098785 2956138 2956138 23595362 19972764 3378904 243694 447241 401809 37623 7809 3970506 162068 3800928 7510 1883846 1493734 372572 17540 33618 33618 86358 14610 71748 86367 86367 258995 147925 111070 201643 201643 4550790 3513587 980358 56845 1209426 1205305 4121 4919008 4907244 11764 193789 114015 77164 2610 167496 87051 79845 600 7256810 7256810 936725 936725 FOOD COST 3571820 3444673 127147 PURCHASED MEDICAL EXPEN 1640514 1640514 BAD DEBTS 476484 476484 OTHER EXPENSES 106757 71027 34446 1284 -209702 -209702 60438776 45679765 14416998 342013 7008080 2882419 4753085 3885965 109531 108593 764674 535422 245425452 89600651 157233304 155824801 56274781 65888670 11935000 12981000 1281717 2168479 239360172 244275349 7484224 7700631 59044539 58462547 93298514 83967491 1631961 2387714 161459238 152518383 X 76985191 90747201 915743 1009765 77900934 91756966 239360172 244275349 X 5246337 7887432 722263 X 0 1 X 1 0 X 933759 2441475 2930891 1895901 1821427 10023453 46312257 51273882 53605835 55417188 62642744 269251906 47246016 53715357 56536726 57313089 64464171 279275359 933759 2058302 1688075 1895901 1821427 8397464 0 933759 2058302 1688075 1895901 1821427 8397464 270877895 1754172 1534386 1454764 3177116 2663737 10584175 1754172 1534386 1454764 3177116 2663737 10584175 502316 216652 117129 198914 412942 1447953 49502504 55466395 58108619 60689119 67540850 291307487 0.92990 0.93340 0.03630 0.03430 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GOLF CLUB REVENUE - 2018 AMOUNT: $ 200. 2019 AMOUNT: $ 29,763. 2020 AMOUNT: $ 39,613. 2021 AMOUNT: $ 74,234. 2022 AMOUNT: $ 83,830. MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 438,566. 2019 AMOUNT: $ 153,714. 2020 AMOUNT: $ 40,067. 2021 AMOUNT: $ 73,613. 2022 AMOUNT: $ 273,427. BEAUTY SHOP REVENUE - 2018 AMOUNT: $ 63,550. 2019 AMOUNT: $ 33,175. 2020 AMOUNT: $ 37,449. 2021 AMOUNT: $ 51,067. 2022 AMOUNT: $ 55,685. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35500236 283336 3713626 481501 67943 38947754 43151131 1835308 -6754920 2658369 72914 35500236 31283454 5292769 7964766 1373407 16451 43151131 1236960 29298119 1845566 1095870 1321 31283454 1181779 56438 1257 1236960 0.87000 0.13000 0.00000 0 1 1 4870832 4870832 218849893 79693577 139156316 10860101 7733896 3126205 10844626 2173178 8671448 155824801 RESERVES REQUIRED BY STATE STATUTE 12981000 F 12981000 DEPOSITS ON ADMISSION 2325010 RESIDENT CASH DEPOSITS 62312 DUE TO OTHER DIVISIONS 392 2387714 X 71013242 7887432 -2559303 5328129 65685113 0 65685113 57157210 0 57157210 3281566 3281566 60438776 PART V, LINE 4: ENDOWMENT EARNINGS ARE USED TO FUND VARIOUS PROGRAM SERVICE COSTS SUCH AS RESIDENT SUBSIDIES. PART X, LINE 2: THE PRESBYTERIAN HOMES, INC. DBA BRIGHTSPIRE AND GLENAIRE, INC. ARE NONPROFIT ORGANIZATIONS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND THE PRESBYTERIAN HOMES FOUNDATION, INC. IS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A). THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2023. IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A MORE-LIKELY-THAN-NOT THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE COMBINED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAP 719,542. TRANSFER OF ASSETS BETWEEN COMMUNITIES 2,721. FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS -2,098,785. ALLOCATION OF EXPENSES - GLENAIRE INC AND PHI MANAGEMENT SERVICES, LLC -3,388,383. MANAGEMENT FEE ON PHI - PHI MANAGEMENT SERVICES, LLC 2,205,602. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS 2,098,785. ALLOCATION OF EXPENSES - GLENAIRE INC AND PHI MANAGEMENT SERVICES, LLC 3,388,383. MANAGEMENT FEE TO PHI - PHI MANAGEMENT SERVICES, LLC -2,205,602. 1 FINANCIAL ASSISTANCE PROVIDED TO RESIDENTS 51 2098785 PART I, LINE 2: THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS TO HELP SUBSIDIZE RESIDENT MONTHLY FEES. GRANT APPLICATIONS ARE MADE TO THE EXECUTIVE DIRECTOR AND SCHOLARSHIPS ARE DISCUSSED WITH THE PRESBYTERIAN HOMES INC MANAGEMENT TEAM. RESIDENTS ON SCHOLARSHIP ARE ASKED TO UPDATE THEIR FINANCIAL INFORMATION ON AN ANNUAL BASIS. THE ORGANIZATION'S ACCOUNTING DEPARTMENT TRACKS THE NEED AND USE OF THIS ASSISTANCE. X X X X X X 0 0 0 0 0 0 0 1 0 TIMOTHY WEBSTER ASSISTANT SECRETARY - CEO 471306 0 55153 0 0 0 23285 0 12895 0 562639 0 0 0 CREIGHTON LOVVORN VICE PRESIDENT - COO 337607 0 36203 0 0 0 21651 0 11701 0 407162 0 0 0 JULIA HANOVER ASSISTANT TREASURER - CFO 284354 0 30791 0 0 0 17815 0 11242 0 344202 0 0 0 THOMAS SMITH EXECUTIVE DIRECTOR-RIVER L 213239 0 19096 0 0 0 17460 0 10595 0 260390 0 0 0 ARNOLD THOMPSON EXECUTIVE DIRECTOR-FRIENDS 201697 0 21522 0 0 0 20265 0 10524 0 254008 0 0 0 LAURA LOWE DIRECTOR OF MARKETING 201404 0 29499 0 0 0 9935 0 1806 0 242644 0 0 0 MARK COLLINS VICE PRESIDENT - DIRECTOR 200960 0 18734 0 0 0 11496 0 10496 0 241686 0 0 0 TIFFANY ROBERSON DIRECTOR OF HEALTH SERVICE 182351 0 16419 0 0 0 13335 0 10332 0 222437 0 0 0 SEAN STOWERS DIRECTOR OF INFORMATION TECHNOLOGY 186843 0 10340 0 0 0 9400 0 10320 0 216903 0 0 0 PART I, LINE 3 THE VICE PRESIDENT OF HUMAN RESOURCES COMPILES COMPARABILITY DATA FROM AN INDEPENDENT SALARY CONSULTANT TO CALCULATE A WAGE FOR EXECUTIVE POSITIONS AND FROM AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE AT MARKET AVERAGE FOR ALL OTHER POSITIONS. APART FROM PROVIDING A VEHICLE FOR THE ASSISTANT SECRETARY, VICE PRESIDENT OF OPERATIONS, EXECUTIVE DIRECTORS, AND DIRECTOR OF THE GOLF COURSE; ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. THE EXECUTIVES' COMPENSATION IS CALCULATED USING THE EXECUTIVE COMPENSATION PLAN APPROVED BY THE BOARD OF GOVERNORS. THE ASSISTANT SECRETARY'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR REASONABLENESS AND APPROVAL. ALL OTHER WAGES ARE CALCULATED FOLLOWING A BUDGETED AMOUNT WHICH IS APPROVED BY THE BOARDS. THIS IS DOCUMENTED IN THE BOARD MINUTES. PART I, LINE 7 SENIOR MANAGEMENT EARNS A BONUS BASED UPON COMPANY GOALS AND PERSONAL GOALS. THE BONUS POTENTIAL IS 10%- 30% OF WAGES AND THE 10% - 30% IS EARNED IN 20% INCREMENTS. THE 20% INCREMENTAL GOALS ARE NET OPERATING MARGIN, 5-STAR CMS RATING, INDEPENDENT LIVING AVERAGE DAILY OCCUPANCY, EMPLOYEE ENGAGEMENT AND A PERSONAL TARGET. A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2015-07-15 14712108 REFUNDING OF PRIOR BONDS ISSUED 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2016-04-14 20000000 CONSTRUCTION 0 0 0 C NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65821DVP3 2016-09-29 82512334 REFUNDING OF PRIOR BONDS ISSUED 0 0 0 D NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65821DSX5 2020-10-01 188437120 CONSTRUCTION 0 0 0 A 9146882 14713422 131250 14580858 2003 1 0 1 1 B 12794263 20020521 218950 170944 19829056 2017 0 0 1 1 C 25368177 82544848 751205 81761129 2003 1 0 1 1 D 1848186 188567008 9358246 1844736 186592384 2023 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 0 1 0 1 1 BB&T 11.000000000000 1 0 0 0 0 C 0 0 1 0 1 1 BB&T 11.000000000000 1 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 FORM 990, PART IV, ,LIINE 22 THE PRESBYTERIAN HOMES INC PROVIDES ASSISTANCE TO RESIDENTS THROUGH REDUCED MONTHLY SERVICE FEES AND BY PARTICIPATION IN MEDICAID. THE FUNDS RECEIVED ARE INCLUDED IN RESIDENT FEES AT THE NET AMOUNT COLLECTED. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE CONTROLLER AND CFO. AFTER MANAGEMENT REVIEW IS COMPLETE, A DRAFT OF THE 990 EXCLUDING PART VII AND SCHEDULE J IS EMAILED TO THE GOVERNING BODY FOR THEIR REVIEW BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PRESENTED TO THE BOARD MEMBERS ANNUALLY FOR REVIEW AND DATED SIGNATURE. BOARD MEMBERS AND MANAGEMENT UNDERSTAND THAT NO AGREEMENTS ARE ARRANGED TO CREATE A CONFLICT OF INTEREST. ANY NONCOMPLIANCE IS DISCUSSED AND NOTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT OF HUMAN RESOURCES COMPLIES COMPARABILITY DATA FROM AN INDEPENDENT SALARY CONSULTANT TO CALCULATE A WAGE FOR EXECUTIVE POSITIONS AND FROM AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE AT MARKET AVERAGE FOR ALL OTHER POSITIONS. APART FROM PROVIDING A VEHICLE FOR THE ASSISTANT SECRETARY, VICE PRESIDENT OF OPERATIONS, EXECUTIVE DIRECTORS AND DIRECTOR OF THE GOLF COURSE; ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. THE EXECUTIVES' COMPENSATION IS CALCULATED USING THE EXECUTIVE COMPENSATION PLAN APPROVED BY THE BOARD OF GOVERNORS. THE ASSISTANT SECRETARY'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR REASONABLENESS AND APPROVAL. ALL OTHER WAGES ARE CALCULATED FOLLOWING A BUDGETED AMOUNT WHICH IS APPROVED BY THE BOARDS. THIS IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AT THE HOME OFFICE. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE ONLINE AT WWW.NCDOI.GOV. FORM 990, PART IX, LINE 13 THIS INCLUDES MISCELLANEOUS EXPENSES SUCH AS CORPORATE ALLOCATION, MAINTENANCE AND REPAIR, AND COST OF THERAPIES. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP 719,542. TRANSFERS OF ASSETS BETWEEN COMMUNITIES 2,721. PHI MANAGEMENT SERVICES LLC 2109 SANDY RIDGE ROAD COLFAX NC 27235 MANAGEMENT SERVICES NC 2205602 175134 PRESBYTERIAN HOMES INC PHI REHAB SERVICES LLC 2109 SANDY RIDGE ROAD COLFAX NC 27235 REHABILITATION SERVICES NC 0 804099 PRESBYTERIAN HOMES INC GLENAIRE INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 561739542 CARE FOR THE ELDERLY NC 501(C)(3) LINE 10 PRESBYTERIAN HOMES INC 1 PRESBYTERIAN HOMES FOUNDATION INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 582004356 SUPPORTING ORGANIZATION NC 501(C)(3) LINE 12A, I PRESBYTERIAN HOMES INC 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 PRESBYTERIAN HOMES FOUNDATION INC C 1821427 CASH PAID GLENAIRE INC O 14917412 CASH PAID GLENAIRE INC Q 1349570 CASH PAID