2024-11-15T08:22:28-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-01-01 231352227 SIMPSON HOUSE INC SIMP 6106600112 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 KENNETH R FRANIAK CFO 6106600112 2024-11-12 1 1 KERRI N BOGDA CPA P00760402 7177404863 2024-11-12 2023 2024-10-15 13:58:12Z CAROL E MCKINLEY 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 14094149 0 X WWW.SIMPSONHOUSE.ORG X 1865 PA TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY. 10 9 220 55 0 0 1466685 421205 13290586 12345975 167391 481385 341625 244505 15266287 13493070 0 0 0 0 9976538 9535884 0 0 0 11295508 12132809 21272046 21668693 -6005759 -8175623 46030933 42395859 68530748 72186992 -22499815 -29791133 X SIMPSON HOUSE IS DEDICATED TO MEETING THE NEEDS OF SENIORS IN OUR COMMUNITY. THROUGH CAREFUL OVERSIGHT, WE STRIVE TO DELIVER THE HIGHEST QUALITY OF SERVICE WITH A SENSE OF WARMTH, FRIENDLINESS, INDIVIDUAL PRIDE, AND INTEREGRITY. CONTINUED ON SCHEDULE O. WE ARE COMMITTED TO OFFERING OUR RESIDENTS AND STAFF OPPORTUNITIES FOR PERSONAL GROWTH AND SPIRITUAL ENRICHMENT. 0 0 18450527 0 12345975 SIMPSON HOUSE OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF 110 RESIDENTIAL LIVING UNITS, 56 PERSONAL CARE SUITES AND LICENSED FOR 142 SKILLED NURSING BEDS, CURRENTLY RIGHT SIZED TO 54 SKILLED NURSING BEDS.BENEVOLENT CARE PROVIDED DURING THE YEAR 2023 WAS APPROXIMATELY $2,072,624. 18450527 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 220 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X KENNETH R FRANIAK CFO 6106600112 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 MICHELLE GOLLAPALLI CHAIR 1.00 5.00 X X 0 0 0 MEREDITH OKENQUIST VICE CHAIR 1.00 5.00 X X 0 0 0 DALINDA LOVE SECRETARY 1.00 5.00 X X 0 0 0 RICK HELLBERG TREASURER 1.00 5.00 X X 0 0 0 REV JAMES D ANDERMAN IMMEDIATE PAST CHAIR 1.00 5.00 X X 0 0 0 JOHN DIMAGGIO DIRECTOR 1.00 5.00 X 0 0 0 REV DAVID W BROWN DIRECTOR 1.00 5.00 X 0 0 0 REV JOANNE MILES DIRECTOR 1.00 5.00 X 0 0 0 ALAIN DUROSEAU DIRECTOR 1.00 5.00 X 0 0 0 CAROL MCKINLEY PRESIDENT/CEO 1.00 39.00 X X 0 476276 13199 KEN FRANIAK CHIEF FINANCIAL OFFICER 1.00 39.00 X 0 333645 24059 DOUGLAS FLASHER CHIEF OPERATING OFFICER 1.00 39.00 X 0 188014 10042 RICHARD COYLE EXECUTIVE DIRECTOR 40.00 0.00 X 190573 0 8783 JEFFREY MORRIS DIRECTOR OF NURSING 40.00 0.00 X 159252 0 29567 SUSAN ARGENTIERI NURSING HOME ADMINISTRATOR 40.00 0.00 X 141717 0 23961 BARBARA VAN GUILDER ADMISSIONS COORDINATOR 40.00 0.00 X 127336 0 12971 SUDHAKARAN GOPALAN NURSE SUPERVISOR 40.00 0.00 X 126881 0 14971 AMMINI DINAMANY NURSE SUPERVISOR 40.00 0.00 X 110866 0 12966 856625 997935 150519 8 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 DINING SERVICES 1801812 PHARMERICA PO BOX 409251 ATLANTA GA 303849251 PHARMACY SERVICES 256628 OPS SECURITY GROUP 424 EAST ELM STREET CONSHOHOCKEN PA 19428 SECURITY CONTRACTED SERVICES 229366 DEPT OF PUB WELFAR OFFICE OF LONG TERM LIVING BU HARRISBURG PA 17102 NURSING ASSESSMENT 174675 MERZ 12 S MONROE STREET 2ND FLOOR MEDIA PA 19063 MARKETING SERVICES 163188 8 15544 405661 421205 NET RESIDENT SERVICE REVENUE 623000 11742338 11742338 AMORTIZATION OF ENTRANCE FEES 623000 603637 603637 12345975 322622 322622 1043 0 1043 1043 1043 759842 601079 158763 158763 158763 AMORTIZATION REVENUE 900099 36328 36328 BARBER & BEAUTY REVENUE 812900 15717 15717 FOOD SERVICE REVENUE 722514 15246 15246 176171 176171 243462 13493070 12345975 0 725890 199355 199355 7614954 7291629 323325 181615 176194 5421 853853 802185 51668 686107 645583 40524 1434872 2000 1432872 48255 20588 27667 65553 65553 1145 1145 24095 24095 2117794 1794117 323677 7500 7500 344681 324227 20454 156583 3853 152730 523704 523704 7754 5177 2577 23840 923 22917 2034247 2034247 2701324 2701324 456994 456994 FOOD/NUTRITION 905436 887629 17807 MEDICAL SUPPLIES 396249 395952 297 REPAIRS & MAINTENANCE 345639 345639 BAD DEBT EXPENSE 203720 203720 333424 291836 41588 21668693 18450527 3218166 0 325209 413311 1718253 1517236 130800 80278 71984934 44509578 29712676 27475356 7615849 5736656 6528146 7173022 46030933 42395859 2312298 2026516 5341451 5738518 44160896 43608078 233626 232322 16482477 20581558 68530748 72186992 X -35064162 -43478383 12564347 13687250 -22499815 -29791133 46030933 42395859 X -8175623 258071 626234 X 0 1 X 1 0 X 632398 2381084 1039161 1466685 421205 5940533 20406433 16329030 13885958 13290586 12345975 76257982 21038831 18710114 14925119 14757271 12767180 82198515 0 0 0 82198515 147295 16123 8799 57058 323665 552940 147295 16123 8799 57058 323665 552940 57774 223912 184432 341216 243462 1050796 21243900 18950149 15118350 15155545 13334307 83802251 0.98090 0.98570 0.00660 0.00480 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BARBER BEAUTY REVENUE - 2019 AMOUNT: $ 17,493. 2020 AMOUNT: $ 15,360. 2021 AMOUNT: $ 14,276. 2022 AMOUNT: $ 15,341. 2023 AMOUNT: $ 15,717. FOOD SERVICE REVENUE - 2019 AMOUNT: $ 7,436. 2021 AMOUNT: $ 6,135. 2022 AMOUNT: $ 11,848. 2023 AMOUNT: $ 15,246. GIFT SHOP REVENUE - 2019 AMOUNT: $ 2,267. 2020 AMOUNT: $ 4,539. 2021 AMOUNT: $ 1,997. 2022 AMOUNT: $ 1,000. 2023 AMOUNT: $ 1,846. ALL OTHER REVENUE - 2019 AMOUNT: $ 7,611. 2020 AMOUNT: $ 37,229. 2021 AMOUNT: $ 9,080. 2022 AMOUNT: $ 275,497. 2023 AMOUNT: $ 173,032. AMORTIZATION REVENUE - 2019 AMOUNT: $ 8,520. 2020 AMOUNT: $ 8,520. 2021 AMOUNT: $ 60,975. 2022 AMOUNT: $ 36,328. 2023 AMOUNT: $ 36,328. OPTIONS REVENUE - 2019 AMOUNT: $ 14,447. 2020 AMOUNT: $ 282. 2021 AMOUNT: $ 3,258. INSURANCE PROCEEDS - 2020 AMOUNT: $ 37,982. 2021 AMOUNT: $ 10,649. NURSING LICENSE FEE - 2020 AMOUNT: $ 120,000. REFUNDS REBATES - 2021 AMOUNT: $ 78,062. TELEPHONE AND CABLE - 2022 AMOUNT: $ 1,202. 2023 AMOUNT: $ 1,293. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1145 1145 0 PART II-B, LINE 1: SIMPSON HOUSE PAYS MEMBERSHIP DUES TO LEADINGAGE PA AND LEADINGAGE NATIONAL, A PORTION OF WHICH IS USED FOR LOBBYING PURPOSES. 0 1 X 350000 350000 60622901 34789769 25833132 10909992 9702802 1207190 102041 17007 85034 27475356 BENEFICIAL INTEREST IN PERPETUAL AND OTHER TRUSTS 6884941 DEPOSITS 288081 7173022 ANNUITIES PAYABLE 121648 DUE TO AFFILIATES 17049826 DEPOSITS 17121 REFUNDABLE ENTRANCE FEE 720587 REFUNDABLE ADVANCES 2672376 20581558 14377375 258071 626234 884305 13493070 0 13493070 21668693 0 21668693 0 21668693 PART IV, LINE 2B: SIMPSON HOUSE RECEIVES FUNDS ON BEHALF OF SOME OF ITS RESIDENTS REPRESENTING RETIREMENT PAYMENTS, SSI, AND OTHER BENEFITS. THE FUNDS ARE HELD IN SEPARATE ACCOUNTS AND ARE USED TO PAY THE RESIDENTS' PORTION OF THEIR MONTHLY ROOM AND BOARD, MONTHLY PERSONAL NEEDS, AND INSURANCE COVERAGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN TRUSTS 646,180. CHANGE IN ANNUITY VALUE -19,946. 0 0 0 0 0 0 0 0 0 CAROL MCKINLEY PRESIDENT/CEO 0 401276 0 75000 0 0 0 10199 0 3000 0 489475 0 0 KEN FRANIAK CHIEF FINANCIAL OFFICER 0 333645 0 0 0 0 0 13200 0 10859 0 357704 0 0 RICHARD COYLE EXECUTIVE DIRECTOR 190573 0 0 0 0 0 7648 0 1135 0 199356 0 0 0 DOUGLAS FLASHER CHIEF OPERATING OFFICER 0 188014 0 0 0 0 0 4676 0 5366 0 198056 0 0 JEFFREY MORRIS DIRECTOR OF NURSING 159252 0 0 0 0 0 1020 0 28547 0 188819 0 0 0 SUSAN ARGENTIERI NURSING HOME ADMINISTRATOR 141717 0 0 0 0 0 5895 0 18066 0 165678 0 0 0 PART I, LINE 3 SIMPSON SENIOR SERVICES, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. A CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY 232265260 166579EW9 2015-12-23 21126411 SEE PART VI 0 0 0 B CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY 232265260 165579GQ0 2019-12-30 25648182 SEE PART VI 0 0 0 C CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY 232265260 2021-11-18 11438322 SEE PART VI 0 0 0 A 12267232 21126411 2000000 278812 9172912 9057858 2015 1 0 0 1 B 32840 25648182 572572 2372294 19588951 3114365 2022 1 0 0 1 C 350412 11438322 164800 157435 1881595 8887390 347102 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART I, BOND ISSUES: BOND A (2015): (A) ISSUER NAME: CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY (F) DESCRIPTION OF PURPOSE: REFUNDING OF OUTSTANDING GENERAL OBLIGATION BONDS OF 2010, ISSUANCE COSTS, AND CAPITAL PROJECTS. BOND B (2019): (A) ISSUER NAME: CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY (F) DESCRIPTION OF PURPOSE: ESTABLISHING A DEBT SERVICE RESERVE FUND, PAYMENT OF ISSUANCE COSTS, AND FUNDING CAPITAL PROJECTS INCLUDING THE REFURBISHMENT OF INDEPENDENT LIVING UNITS. BOND C (2021): (A) ISSUER NAME: CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY (F) DESCRIPTION OF PURPOSE: REFUND THE OUTSTANDING BALANCE OF THE SERIES 2015B BONDS, INCLUDING THE ASSOCIATED INTEREST RATE SWAP AGREEMENT, FINANCE VARIOUS CAPITAL IMPROVEMENTS, AND PAY COSTS OF ISSUANCE RELATED TO THE SERIES 2021 BONDS. SCHEDULE K, PART I, BOND ISSUES: THE FOLLOWING BONDS WERE ISSUED TO THE OBLIGATED GROUP AND REPORTED ON EACH ENTITY'S APPLICABLE FORM 990 SCHEDULE K WITH THE FOLLOWING ISSUANCE PRICES: BOND A (2015): SIMPSON HOUSE (EIN 23-1352227) - $21,126,411 SIMPSON MEADOWS (EIN 23-2948992) - $7,019,577 JENNER'S POND (EIN 23-1548106) - $40,370,756 TOTAL ISSUANCE - $68,516,744 BOND B (2019): SIMPSON HOUSE (EIN 23-1352227) - $25,648,182 SIMPSON MEADOWS (EIN 23-2948992) - $255,022 JENNER'S POND (EIN 23-1548106) - $5,337,848 TOTAL ISSUANCE - $31,241,052 BOND C (2021): SIMPSON HOUSE (EIN 23-1352227) - $11,438,322 SIMPSON MEADOWS (EIN 23-2948992) - $4,427,367 JENNER'S POND (EIN 23-1548106) - $24,779,253 TOTAL ISSUANCE - $40,644,942 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE CORPORATE MEMBER OF THE CORPORATION SHALL BE SIMPSON SENIOR SERVICES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER SHALL HAVE RESERVED POWERS TO APPOINT AND REMOVE ALL MEMBERS OF THE BOARD OF DIRECTORS AT ANY TIME. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER SHALL HAVE RESERVED POWERS TO APPOINT AND REMOVE ALL MEMBERS OF THE BOARD OF DIRECTORS AT ANY TIME, TO APPROVE ANY AMENDMENT TO THE ARTICLES OF INCORPORATION OR BY-LAWS, TO APPROVE THE ANNUAL BUDGETS, TO APPROVE ANY SALE, LEASE, OR TRANSFER OF ASSETS, TO APPROVE INDEBTEDNESS GREATER THAN $50,000, AND TO APPROVE ANY MERGER, CONSOLIDATION, OR DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO. ONCE APPROVED, THE FORM 990 IS SENT TO THE PRESIDENT/CEO FOR REVIEW AND APPROVAL. THE PRESIDENT/CEO WILL THEN FORWARD A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND MEMBERS OF THE BOARD ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. ALL SIGNIFICANT NEW CONTRACTS ARE SUBJECT TO BOARD APPROVAL. ONGOING CONTRACTS ARE REVIEWED FOR ANY KNOWN POTENTIAL CONFLICT OF INTEREST. CONFLICTS OF INTEREST ARE REVIEWED AT THE BOARD LEVEL. ANY INDIVIDUAL WITH A CONFLICT OF INTEREST MUST ABSTAIN FROM BOARD DISCUSSIONS AND DECISIONS WHERE ANY CONFLICT WOULD BE PRESENT. ON AN ANNUAL BASIS ALL DIRECTORS AND OFFICERS SIGN OFF ON A CONFLICT OF INTEREST STATEMENT AFFIRMING THAT THEY HAVE RECEIVED, UNDERSTAND, AND COMPLY WITH THE CONFLICT OF INTEREST POLICY. THEY MUST ALSO DISCLOSE ANY POTENTIAL CONFLICTS WITH SIMPSON RELATED TO FINANCIAL INTERESTS, TRANSACTIONS, OR RELATIONSHIPS (BUSINESS OR FAMILY AFFILIATES). FORM 990, PART VI, SECTION B, LINE 15 A SUB-COMMITTEE OF THE BOARD OF DIRECTORS OF SIMPSON SENIOR SERVICES (SSS), A RELATED ORGANIZATION, WHICH IS APPOINTED BY THE BOARD CHAIR OF SSS HAS THE SPECIFIC DUTY OF ANNUALLY EVALUATING THE PERFORMANCE OF THE PRESIDENT/CEO OF THE ORGANIZATION, INCLUDING DETERMINING HIS ANNUAL COMPENSATION. A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITION UTILIZING LEADING AGE PA, LEADING AGE NATIONAL AND CEMO SALARY SURVEYS AND OTHER STUDIES. IN ADDITION, THE GUIDE STAR WEBSITE IS UTILIZED TO RESEARCH THE SALARY OF SIMILAR POSITIONS AT SIMILAR SIZED ORGANIZATIONS IN THE LOCAL MARKET AREA. THE CFO, COO, AND THE EXECUTIVE DIRECTORS' SALARIES OF EACH COMMUNITY ARE DETERMINED BY THE PRESIDENT/CEO OF SSS ON AN ANNUAL BASIS. THE PRESIDENT/CEO REVIEWS THE ANNUAL PERFORMANCE OF THESE INDIVIDUALS RELATIVE TO THEIR POSITION DESCRIPTIONS. THE OPERATING BUDGETS, INCLUDING SALARY INCREASES, OF EACH COMMUNITY ARE PRESENTED TO THE BOARD FOR THEIR APPROVAL ON AN ANNUAL BASIS. 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BIPT 646,180. CHANGE IN ANNUITY VALUE -19,946. SIMPSON SENIOR SERVICES 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232948991 MANAGES AFFILIATES THAT PROVIDE RESIDENCE AND HEALTHCARE TO THE ELDERLY PA 501(C)(3) LINE 12C, III-FI N/A 0 SIMPSON MEADOWS 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232948992 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 JENNER'S POND INC 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 231548106 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 THIRD CENTURY SERVICES 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232948457 PROVIDE MAINTENANCE & OPERATIONAL SUPPORT TO CCRC AFFILIATES PA 501(C)(3) LINE 12B, II SIMPSON SENIOR SERVICES 0 SIMPSON GLEN 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232960640 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 SIMPSON MID-TOWN 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 233089337 PROVIDES HOUSING FOR ELDERLY AND LOW INCOME RESIDENTS PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 SIMPSON HOUSE FOUNDATION 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232320545 RECEIVE AND ADMINISTER FUNDS FOR THE CHARITABLE WORKS OF AFFILIATES PA 501(C)(3) LINE 12B, II SIMPSON SENIOR SERVICES 0 NARBERTH ADULT CARE SERVICES 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232948458 PROVIDE ADULT DAY CARE AND HEALTHCARE TO THE ELDERLY PA 501(C)(3) PF SIMPSON SENIOR SERVICES 0 SIMPSON FOUNDATION 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 454731794 CHARITABLE, LITERARY, SCIENTIFIC, RELIGIOUS & EDUCATION FOR ELDERLY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 SIMPSON GARDENS LP 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 412069202 ECONOMIC DEVELOPMENT FOR LOW INCOME HOUSING PA N/A 0 0 SIMPSON SENIOR HOUSING II LP 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 833278445 ECONOMIC DEVELOPMENT FOR LOW INCOME HOUSING PA N/A 0 0 SIMPSON GARDENS HOUSING CORP 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 412069201 ECONOMIC DEVELOPMENT OF LOW INCOME HOUSING PA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0