2024-08-15T11:30:36-05:00 2023-09-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-10-01 311733046 PPRC NURSING HOME INC PPRC 3368884560 1701 WESTCHESTER DRIVE SUITE 400 HIGH POINT NC 27262 KIM S HOPPE PRESIDENT/CEO 3368884560 2024-08-15 1 0 JOHN M ROBINSON P01281319 3362944494 2024-08-15 2022 2024-08-08 14:25:15Z KIM S HOPPE 1701 WESTCHESTER DRIVE SUITE 400 HIGH POINT NC 27262 16047764 0 X WWW.PROVIDENCEPLACENC.COM X 2000 NC PPRC NURSING HOME, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PASSIONATELY SERVE THE HOUSING AND CARE NEEDS OF SENIOR ADULTS WITH INNOVATIVE PROGRAMS AND SERVICES DELIVERED AT AN EXCEPTIONAL VALUE WHILE ENCOURAGING PERSONAL AND SPIRITUAL GROWTH AND DEVELOPMENT. 5 4 169 3 0 0 0 276558 13275608 15613612 13594 85269 217677 20577 13506879 15996016 0 0 0 0 3318595 5224831 0 0 0 7883101 10106137 11201696 15330968 2305183 665048 13102132 13154578 9574569 8961967 3527563 4192611 PPRC NURSING HOME, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PASSIONATELY SERVE THE HOUSING AND CARE NEEDS OF SENIOR ADULTS WITH INNOVATIVE PROGRAMS AND SERVICES DELIVERED AT AN EXCEPTIONAL VALUE WHILE ENCOURAGING PERSONAL AND SPIRITUAL GROWTH AND DEVELOPMENT. 0 0 11206811 15634189 THE ORGANIZATION OPERATES A 129-BED SKILLED NURSING FACILITY FOR THE ELDERLY LOCATED IN HIGH POINT, NORTH CAROLINA (THE PROJECT). SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF ELDERLY AND HANDICAPPED INDIVIDUALS. THE PROJECT IS OPERATED UNDER SECTION 232 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 232 INSURED MORTGAGE. FHA PROJECT NUMBER 053-43243. 11206811 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 30 0 1 169 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X KIM S HOPPE 3368884560 1701 WESTCHESTER DRIVE SUITE 400 HIGH POINT NC 27262 TERRY MILLER PRESIDENT/CEO 4.00 12.00 X X 312351 0 1418 PENNY CATES CHAIRMAN 3.14 X X 0 0 0 ED WINSLOW SECRETARY 3.14 X X 0 0 0 CRAIG DUNN DIRECTOR 3.14 X 0 0 0 THOMAS NEILL DIRECTOR 3.14 X 0 0 0 BARRY YATES CFO 5.00 20.00 X 351031 0 44954 663382 0 46372 2 0 1 0 INTELYCARE INC PO BOX 200413 PITTSBURG PA 15251 TEMPORARY HEALTHCARE STAFFING 1083299 BROAD RIVER REHABILITATION 1 POND STREET ASHEVILLE NC 28704 REHABILITATION SERVICES 960599 CULINARY SERVICES GROUP LLC 1135 BUSINESS PKWY S WESTMINISTER MD 21157 PROVIDE FOOD FOR RESIDENTS 882604 JP MORGAN CHASE BANK PO BOX 910738 DALLAS TX 75391 HEALTHCARE STAFFING 239117 OTR CAPITAL DBA OTR SOLUTIONS PO BOX 1175760 ATLANTA GA 30368 HEALTHCARE STAFFING 190081 6 276558 276558 PATIENT SERVICES ROOM 623000 15613612 15613612 15613612 137017 137017 51748 -51748 -51748 -51748 MISCELLANEOUS INCOME 623000 20577 20577 20577 15996016 15634189 0 85269 77486 77486 4325411 3084934 1240477 504894 228271 276623 317040 205519 111521 937383 937383 4650 4650 33911 33911 12613 12613 72924 72924 178564 178564 252715 252715 1639 1639 313389 313389 342181 342181 148523 148523 NURSING, PHYSICAL THERA 6172352 6172352 ADMINISTRATIVE EXPENSES 1043709 1043709 REPAIRS & MAINTENANCE 264473 264025 448 BAD DEBTS 194902 194902 132209 132209 15330968 11206811 4124157 0 3315253 4373116 15749 13612 1183821 1269948 44210 42670 173489 162507 9632504 3331375 6179224 6301129 115838 109577 2074548 882019 13102132 13154578 932287 952913 373807 78444 8243328 7916998 25147 13612 9574569 8961967 X 3527563 4192611 3527563 4192611 13102132 13154578 665048 0 X 0 0 1 1 X 815625 276558 1092183 10563325 11784365 11162662 13275608 15613612 62399572 10563325 11784365 11978287 13275608 15890170 63491755 0 0 0 63491755 588 25603 3770 15860 137017 182838 588 25603 3770 15860 137017 182838 10273 27725 23545 217677 20577 299797 10574186 11837693 12005602 13509145 16047764 63974390 0.99250 0.99420 0.00290 0.00080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 900000 900000 7469854 2469687 5000167 1262650 861688 400962 6301129 OTHER RECEIVABLES 53635 REPLACEMENT RESERVE 231755 ESCROW ACCOUNTS 20713 DUE FROM RELATED COMPANIES 567006 CONSTRUCTION IN PROGRESS 8910 882019 RESIDENT ESCROW LIABILITY 13612 13612 16047764 0 16047764 -51748 -51748 15996016 15382716 51748 51748 15330968 0 15330968 PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -51,748. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 51,748. X X X 0 0 0 0 0 0 0 0 0 BARRY YATES CFO 351031 0 0 0 0 0 0 0 44954 0 395985 0 0 0 TERRY MILLER PRESIDENT/CEO 312351 0 0 0 0 0 0 0 1418 0 313769 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 CERTAIN MANAGEMENT DUTIES WERE DELEGATED TO A RELATED 501(C)(3) ORGANIZATION: WESLEYAN ARMS, INC. (56-1012908). FORM 990, PART VI, SECTION B, LINE 11B PPRC NURSING HOME, INC. DOES NOT PROVIDE ITS FORM 990 TO THE BOARD FOR REVIEW PRIOR TO FILING THE 990 RETURN. THE FINANCIAL STATEMENTS ARE REVIEWED ON A MONTHLY BASIS BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE ASKED TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST AND IN THE EVENT OF A CONFLICT OF INTEREST THAT MEMBER IS ASKED TO ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND CERTAIN TOP EMPLOYEES IS DETERMINED BY AN INDEPENDENT BOARD OF DIRECTORS. THE DIRECTORS ARE ALL LOCAL BUSINESS EXECUTIVES AND PROFESSIONALS. THE REVIEW AND ANALYSIS IS CONDUCTED IN A CLOSED SESSION WHERE THE INDIVIDUAL WHO IS THE SUBJECT OF THE REVIEW IS EXCLUDED FROM THE DISCUSSIONS SO AS TO ENCOURAGE FRANK AND FORTHRIGHT DEBATE. DURING THE DISCUSSIONS, COMPARABILITY DATA IS OFTEN IDENTIFIED. FOR EXAMPLE, ONE OF THE DIRECTORS IS A HEALTHCARE ATTORNEY AND IS AWARE OF EXECUTIVE SALARIES AT A NUMBER OF SIMILAR LONG TERM CARE ORGANIZATIONS THROUGHOUT THE STATE. NOTES AND MINUTES ARE TAKEN OF THE DISCUSSION AND THE DECISION AND THEN THE CONCLUSIONS OF THE BOARD ARE THEN PUT INTO PLACE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PPRC HOLDINGS LLC 1701 WESTCHESTER DRIVE SUITE 400 HIGH POINT NC 27262 463824921 LEASING PROPERTY TO PPRC NURSING HOME, INC. NC 896337 6756375 PPRC NURSING HOME INC WESLEYAN ARMS 1701 WESTCHESTER DRIVE HIGH POINT NC 27262 561012908 ASSISTED LIVING NC 501(C)(3) LINE 11 N/A 0 PPRC SENIOR LIVING I INC 1795 WESTCHESTER DRIVE HIGH POINT NC 27262 311733044 INDEPENDENT LIVING NC 501(C)(3) LINE 11 N/A 0 PPRC SENIOR LIVING II INC 1727 WESTCHESTER DRIVE HIGH POINT NC 27262 300113709 INDEPENDENT LIVING NC 501(C)(3) LINE 11 N/A 0 FIRST WESLEYAN MANAGEMENT CO INC 1701 WESTCHESTER DRIVE HIGH POINT NC 27262 912152420 MANAGEMENT COMPANY NC 501(C)(3) LINE 11 N/A 0 PROVIDENCE PLACE ASSISTED LIVING INC 1701 WESTCHESTER DRIVE HIGH POINT NC 27262 273481562 ASSISTED LIVING NC 501(C)(3) LINE 11 N/A 0 WESTCHESTER CHRISTIAN CENTER 1701 WESTCHESTER DRIVE HIGH POINT NC 27262 561963673 ACQUISITION, IMPROVEMENT, MAINTENANCE, LEASING OF PROPERTY NC N/A C 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 1 1 1 0 0 WESTCHESTER CHRISTIAN CENTER INC Q 184303 CASH PAID WESLEYAN ARMS INC M 881932 CASH PAID WESLEYAN ARMS INC Q 370948 CASH PAID