2024-11-15T13:19:50-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 600 WASHINGTON AVENUE SUITE 1800 ST LOUIS MO 63101 990 2023-01-01 310549058 OTTERBEIN HOMES OTTE 5139322020 3855 LOWER MARKET STREET SUITE 300 LEBANON OH 45036 J CHRISTOPHER GREEN CFO 5139322020 2024-11-14 1 0 AMBER ROGNAN-HAMILTON P01251012 3149254300 2024-11-14 2023 2024-10-15 13:58:12Z OTTERBEIN SENIORLIFE J CHRISTOPHER GREEN 3855 LOWER MARKET STREET SUITE 300 LEBANON OH 45036 114453948 0 X WWW.OTTERBEIN.ORG X 1912 OH CONTINUING CARE RETIREMENT COMMUNITIES, SKILLED NURSING FACILITIES, HOME HEALTH CARE AND TWO HOSPICE BRANCHES THAT PROVIDE HOUSING AND SERVICES TO ELDERS. 12 12 1898 14 118461 0 2100730 3054432 71339944 84166582 836749 1376638 434362 1337825 74711785 89935477 11285 9096 0 0 47317806 50665033 0 0 671371 38501875 41425858 85830966 92099987 -11119181 -2164510 180321523 190971922 126718224 131438123 53603299 59533799 X IN KEEPING WITH OUR UNITED METHODIST TRADITION WE SEEK TO ENHANCE THE QUALITY OF LIFE AND HOLISTIC GROWTH OF OLDER PERSONS. 1 0 76463202 9096 101907239 OTTERBEIN HOMES PROVIDES MANAGEMENT AND SUPPORT SERVICES FOR ITS NINE CONTINUING CARE RETIREMENT COMMUNITIES, NINE SMALL HOUSE NURSING HOME NEIGHBORHOODS THROUGHOUT OHIO AND INDIANA, HOME HEALTH AGENCY AND TWO HOSPICE AGENCIES. SOME OF THE MANAGEMENT SERVICES PROVIDED INCLUDE ADMINISTRATIVE, FINANCIAL, PURCHASING, HUMAN RESOURCES, MARKETING, AND DEVELOPMENT FOR THE RELATED TAX-EXEMPT ORGANIZATIONS. IN PROVIDING MANAGEMENT AND SUPPORT TO HOSPICE, HOME HEALTH AND ITS COMMUNITIES OF LEBANON, CRIDERSVILLE, ST. MARY'S, PORTAGE VALLEY, NORTH SHORE, FRANKLIN, SUNSET AND GRANVILLE, AND THE SMALL HOUSE NEIGHBORHOODS AT PERRYSBURG, MONCLOVA, SPRINGBORO, MIDDLETOWN, NEW ALBANY, GAHANNA, LOVELAND, UNION TOWNSHIP AND MAINEVILLE, OTTERBEIN SERVES NEARLY 7,551 PERSONS. 0 0 0 GENEROUS DONORS HAVE ESTABLISHED A BENEVOLENT CARE FUND WHICH OFFERS ASSISTANCE TO RESIDENTS WHO CANNOT PAY THE FULL COST OF CARE. OTTERBEIN'S RICH HERITAGE HAS EARNED US A SOLID REPUTATION AS A TRUSTED AND VALUABLE RESOURCE. BY PROVIDING INFORMATION AND SERVICES ON AGING ISSUES WE CONTINUE TO SERVE RESIDENTS, THEIR FAMILIES AND SURROUNDING COMMUNITIES. OTTERBEIN RESIDENTS AND STAFF VOLUNTEER THEIR TIME AND TALENTS AT THE OTTERBEIN CAMPUSES BUT ALSO FOR A NUMBER OF ORGANIZATIONS AND CAUSES IN THE GREATER COMMUNITY. DURING 2023, DONORS CONTRIBUTED A TOTAL OF $5,865, WHICH IS REPORTED AS CONTRIBUTION REVENUE. 0 0 -17740657 THE ORGANIZATION PROVIDES NURSING CARE TO RESIDENTS UNDER THE MEDICAID PROGRAM FOR WHICH THE COSTS TO PROVIDE SUCH CARE EXCEEDS REIMBURSEMENT. THE ORGANIZATION FUNDS THIS DIFFERENCE THROUGH ITS OPERATIONS. THE SHORTFALL IS NETTED WITH PROGRAM SERVICE REVENUE. 76463202 1 1 0 0 0 0 1 0 1 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 443 0 1898 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X J CHRISTOPHER GREEN 5139335400 3855 LOWER MARKET STREET SUITE 300 LEBANON OH 45036 WILLIAM BROWNSON BOARD CHAIR 1.00 8.00 X X 0 0 0 BECKY BAYLIFF DIRECTOR 1.00 1.00 X 0 0 0 LYNN APP SECRETARY 1.00 0.00 X X 0 0 0 THOMAS HAZELBAKER DIRECTOR 1.00 0.00 X 0 2500 0 LEROY MCKAY DIRECTOR 1.00 0.00 X 0 0 0 ROBERT COLEMAN DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL UHL DIRECTOR 1.00 0.00 X 0 0 0 VICKY BARTLETT DIRECTOR 1.00 1.00 X 0 0 0 SUE DONALDSON DIRECTOR 1.00 1.00 X 0 0 0 HEIDI GLOSSER DIRECTOR 1.00 1.00 X 0 0 0 DAN BURKE VICE CHAIR 1.00 0.00 X X 0 0 0 LEROY CHAMBLISS DIRECTOR 1.00 0.00 X 0 0 0 MEL MILLER CHAIR (TERM END) 1.00 8.00 X X 0 0 0 JOE WOLF DIRECTOR (TERM END) 1.00 0.00 X 0 0 0 JILL WILSON PRESIDENT/CEO 24.00 16.00 X 638515 0 18445 JAMES C GREEN CFO/TREASURER 24.00 16.00 X 401918 0 18317 JASON MILLER VP SR - LSC 24.00 16.00 X 449166 0 14573 DAN ARNOLD VP - NEIGHBORHOOD 40.00 0.00 X 236455 0 14263 GARY HORNING VP - MARKETING/COMMUNICATIONS 24.00 16.00 X 274601 0 15182 PAMELA RICHMOND VP - CHIEF STRATEGY/DEVELOPMENT 24.00 16.00 X 295626 0 15037 LOIS MILLS VP OF HUMAN RESOURCES 24.00 16.00 X 243397 0 13729 CATHERINE CHIOVARO VP - WORKFORCE MANAGEMENT 24.00 16.00 X 289104 0 10066 EMILY WEIKERT VP - CLINICAL QUALITY 24.00 16.00 X 240499 0 14394 3069281 2500 134006 61 0 1 0 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD STE 200 KNOXVILLE TN 37932 THERAPY SERVICES 9182992 OTTERBEIN STAFFING AGENCY LLC 3855 LOWER MARKET ST LEBANON OH 45036 HEALTH CARE STAFFING 1986074 SYMBRIA REHAB INC 28100 TORCH PARKWAY STE 600 WARRENVILLE IL 60555 THERAPY SERVICES 1595826 INTELEYCARE INC PO BOX 200413 PITTSBURGH PA 15251 HEALTH CARE STAFFING 1452285 OLD OAK GENERAL CONTRACTORS 5874 S IDDINGS RD WEST MILTON OH 45383 CONTRACTOR 1320380 34 17 102855 2627981 323579 18971 3054432 SERVICE FEES 623000 80889310 80889310 DEPARTMENTAL SERVICES 623000 3277272 3277272 84166582 1605345 1605345 240609 44896 195713 195713 118461 77252 24201085 10000 24439792 0 -238707 10000 -228707 -228707 9250 102855 33783 -24533 -24533 REBATES 623000 619459 619459 GAIN ON REFINANCING 623000 323844 323844 OTHER INCOME 623000 127260 127260 96082 96082 1166645 89935477 84166582 118461 2596002 X 7600 7600 1496 1496 1832906 714457 1118449 42983727 39019893 3471237 492597 177951 177951 2379937 2152995 190120 36822 3290512 2922178 332042 36292 242282 242282 131332 131332 332104 332104 16079252 11373311 4700406 5535 729322 727122 2200 5484066 3733346 1721372 29348 1235059 1193594 41465 1205034 1162949 42085 826704 722414 82087 22203 245426 244477 949 2427964 2343170 84794 3776097 3644220 131877 1223012 1180299 42713 BED TAXES 2708102 2708102 BAD DEBT 1985858 1985858 FOOD & DIETARY 1781862 1781862 DUES, SUBSCRIPTIONS AND 290083 288511 1572 722299 586624 133287 2388 92099987 76463202 14965414 671371 7546741 13857537 111436 165558 9102261 10287737 1846934 2585203 613766 607052 117198440 37835367 81638358 79363073 55727423 58639030 2347555 2347555 16277168 17361855 5089348 4765032 20533 992290 180321523 190971922 17563272 16704541 60317159 58995937 111436 165558 8009772 14926434 40716585 40645653 126718224 131438123 X 43967210 48916623 9636089 10617176 53603299 59533799 180321523 190971922 X -2164510 9399075 -1304065 X X 0 1 X 1 0 X 272074 5395379 4802898 2100730 3054432 15625513 58413551 58299961 59478521 71339944 84166582 331698559 14800 18250 86568 108950 79961 308529 58700425 63713590 64367987 73549624 87300975 347632601 24112 28254 21583 22088 17374 113411 0 24112 28254 21583 22088 17374 113411 347519190 2022555 1824658 2260317 2220136 1845954 10173620 2022555 1824658 2260317 2220136 1845954 10173620 68950 43332 13977 17499 1095934 1239692 60791930 65581580 66642281 75787259 90242863 359045913 0.96790 0.96930 0.02830 0.02960 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 18,892. 2020 AMOUNT: $ 3,727. 2021 AMOUNT: $ 7,875. 2022 AMOUNT: $ 9,261. 2023 AMOUNT: $ 127,260. MINERAL LEASES - 2019 AMOUNT: $ 4,609. 2020 AMOUNT: $ 3,213. 2021 AMOUNT: $ 6,102. 2022 AMOUNT: $ 8,238. 2023 AMOUNT: $ 14,314. BEAUTY AND BARBER - 2019 AMOUNT: $ 987. MINISTER - 2019 AMOUNT: $ 44,462. 2020 AMOUNT: $ 36,392. INSURANCE CLAIM - 2023 AMOUNT: $ 11,057. REBATES - 2023 AMOUNT: $ 619,459. GAIN ON REFINANCING - 2023 AMOUNT: $ 323,844. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 17.80 1 0 0 1 X 22811280 54134 1626975 24492389 27929479 232396 -5350595 22811280 25328018 142842 2458619 27929479 22959529 194138 2174351 25328018 21827555 72396 1059578 22959529 0.01529 0.93939 0.04532 1 0 1950001 7535535 9485536 79531393 20954641 58576752 11085846 5113083 5972763 16175332 11767643 4407689 920333 920333 79363073 INVESTMENT INTERCOMPANY 17361855 F 17361855 CAPITAL LEASE 1510334 SPLIT-INTEREST AGREEMENT 78579 INTERCOMPANY PAYABLES 39056740 40645653 X PART II, LINE 9: THE CONSERVATION EASEMENT IS LOCATED AT THE SE CORNER OF THE INTERSECTION OF SR 741 AND SR 63 IN WARREN COUNTY, OHIO. IT IS IN PLACE TO PROTECT THE PHYSICAL, BIOLOGICAL AND CHEMICAL INTEGRITY OF THE LITTLE MIAMI RIVER WATERSHED AND IS UNDER THE ENFORCEMENT OF THE OHIO EPA. OTTERBEIN HOMES ENGAGED THE FIRM OF JF NEW IN 2008 FOR MITIGATION AND MONITORING. PART IV, LINE 2B: RESIDENT FUNDS ARE DEPOSITS HELD UNDER A FIDUCIARY RESPONSIBILITY AND ARE REQUIRED BY STATE REGULATION. PART V, LINE 4: THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRESERVE AND GROW CAPITAL, STRIVE FOR CONSISTENT ABSOLUTE RETURNS, PRESERVE PURCHASING POWER BY STRIVING FOR LONG-TERM RETURNS WHICH EITHER MATCH OR EXCEED THE SET PAYOUT, FEES AND INFLATION WITHOUT PUTTING A PRINCIPAL VALUE AT IMPRUDENT RISK, AND DIVERSIFY INVESTMENTS CONSISTENT WITH COMMONLY ACCEPTED INDUSTRY STANDARD TO MINIMIZE THE RISK OF LARGE LOSSES. PART X, LINE 2: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE CONSOLIDATED FINANCIAL STATEMENTS. GOLF TOURNAMENT 112105 102855 9250 5018 4321 11365 10824 750 1505 112105 102855 9250 5018 4321 11365 10824 750 1505 33783 -24533 X X X X X 0 1 0 0 0 0 0 0 0 JILL WILSON PRESIDENT/CEO 442352 0 85095 0 111068 0 9245 0 9200 0 656960 0 0 0 JASON MILLER VP SR - LSC 343352 0 41506 0 64308 0 6849 0 7724 0 463739 0 0 0 JAMES C GREEN CFO/TREASURER 304882 0 38260 0 58776 0 9315 0 9002 0 420235 0 0 0 PAMELA RICHMOND VP - CHIEF STRATEGY/DEVELOPMENT 259728 0 33422 0 2476 0 7313 0 7724 0 310663 0 0 0 CATHERINE CHIOVARO VP - WORKFORCE MANAGEMENT 279442 0 9662 0 0 0 2342 0 7724 0 299170 0 0 0 GARY HORNING VP - MARKETING/COMMUNICATIONS 240693 0 30033 0 3875 0 7458 0 7724 0 289783 0 0 0 LOIS MILLS VP OF HUMAN RESOURCES 211279 0 26257 0 5861 0 6603 0 7126 0 257126 0 0 0 EMILY WEIKERT VP - CLINICAL QUALITY 214828 0 23430 0 2241 0 6670 0 7724 0 254893 0 0 0 DAN ARNOLD VP - NEIGHBORHOOD 211912 0 23393 0 1150 0 6539 0 7724 0 250718 0 0 0 PART I, LINE 4B 457(F) CONTRIBUTIONS: JILL WILSON $110,625 JASON MILLER $62,996 CHRIS GREEN $55,787 PART I, LINE 7 THE ORGANIZATION PAID FIXED PERCENTAGE PERFORMANCE BASED BONUSES DURING THE CURRENT YEAR. A COUNTY OF WARREN OHIO 316000058 93515PBV8 2014-10-29 33115757 REFUND BONDS ISSUED 07/15/2013 AND CONSTRUCTION 0 0 0 B COUNTY OF WARREN OHIO 316000058 93515PCT2 2016-05-10 42126455 REFUND BONDS ISSUED 07/15/2013 AND CONSTRUCTION 0 0 0 C COUNTY OF WARREN OHIO 316000058 93515PDQ7 2019-08-07 26712520 REFUND 2016B BONDS ISSUED 5/10/16 & 2017 BONDS ISSUED 12/22/17 0 0 0 D CITY OF FRANKLIN INDIANA 356001034 353593EB8 2019-08-07 25413026 REFUND 2018 TAXABLE BONDS ISSUED ON 6/1/18 0 0 0 A 4705000 33115757 478825 26136932 6500000 2016 1 0 1 1 B 16135000 42126455 486455 12000000 29640000 2017 1 0 1 1 C 2550000 26712520 359657 26352863 2016 1 0 1 1 D 5200000 25413026 366694 25046331 2018 0 1 1 1 A 0 1 0 0 0.00130 0.00000 0.00130 0 0 1 B 0 1 0 0 0.00130 0.00000 0.00130 0 0 1 C 0 1 0 0 0.00130 0.00000 0.00130 0 0 1 D 0 1 0 0 0.00130 0.00000 0.00130 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: COUNTY OF WARREN, OHIO DATE THE REBATE COMPUTATION WAS PERFORMED: 10/29/2019 ISSUER NAME: COUNTY OF WARREN, OHIO DATE THE REBATE COMPUTATION WAS PERFORMED: 06/04/2021 A OHIO HIGHER EDUCATION FACILITY COMMISSION 346849674 000000000 2020-06-03 30000000 CONSTRUCTION, FURNISHING AND EQUIPPING HOSPITAL FACILITIES 0 0 0 B OHIO HIGHER EDUCATION FACILITY COMMISSION 346849674 677510AS8 2021-08-19 9806113 REFUNDING SERIES 2011 BONDS ISSUED 11/10/2011 0 0 0 C OHIO HIGHER EDUCATION FACILITY COMMISSION 346849674 677510BK4 2021-12-02 27640518 ASSUMPTION OF KENDAL AT GRANVILLE LIABILITIES 0 0 0 D OHIO HIGHER EDUCATION FACILITY COMMISSION 346849674 677510CA5 2023-04-05 22241389 REFUND 2013 TAXABLE BONDS ISSUED ON 7/11/2013 0 0 0 A 825000 30000000 30000000 2022 0 0 1 1 B 1680000 9806113 9806113 2011 1 0 1 1 C 630000 27640518 27640518 2021 0 0 1 1 D 245000 22241389 22241389 2013 1 0 0 1 A 0 1 0 0 0.00130 0.00000 0.00130 0 0 1 B 0 1 0 0 0.00130 0.00000 0.00130 0 0 1 C 0 1 0 0 0.00130 0.00000 0.00130 0 0 1 D 0 1 0 0 0.00130 0.00000 0.00130 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 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 FORM 990, PART III, LINE 2 OTTERBEIN STAFFING AGENCY, LLC WAS CREATED TO ACT AS A STAFFING AGENCY TO OTTERBEIN'S RELATED ENTITIES TO SUPPORT THE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF SENIORS. FORM 990, PART VI, SECTION A, LINE 1A THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD, VICE CHAIR, CHAIR OF THE FINANCE COMMITTEE AND TWO DIRECTORS DESIGNATED BY THE CHAIR OF THE BOARD. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT FOR THE BOARD OF DIRECTORS BETWEEN REGULAR AND/OR CALLED SESSIONS OF THE BOARD. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO MAKE ALL DECISIONS WITHOUT HAVING TO WAIT AND BRING THE ACTION TO THE FULL BOARD. ADDITIONALLY, THE EXECUTIVE COMMITTEE SHALL REVIEW COMPENSATION INFORMATION PROVIDED BY CONSULTANTS OR ORGANIZATIONS WITH EXPERTISE IN THIS PROFESSION AND RECOMMEND THE COMPENSATION AND BENEFITS OF PRESIDENT/CEO TO THE BOARD OF DIRECTORS AT THEIR ANNUAL MEETING. ANY MEMBER OF THE COMMITTEE MAY BE EXCLUDED FROM MEETINGS DURING DISCUSSIONS RELATED TO HIS OR HER EMPLOYMENT OR FOR REASONS DEEMED APPROPRIATE BY THE COMMITTEE. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD AT THEIR NEXT REGULAR MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS PROVIDED TO AND REVIEWED BY THE OFFICERS AND BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE BY-LAWS, ANY POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY BOARD MEMBER, CORPORATE EXECUTIVE, EXECUTIVE DIRECTOR, OR ADMINISTRATIVE STAFF MEMBER, OR COMMITTEE MEMBERS, WHO ARE NOT MEMBERS OF THE BOARD OF TRUSTEES OF OTTERBEIN HOMES SHALL BE DISCLOSED TO THE BOARD AND MADE A MATTER OF RECORD, EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOMES RELEVANT TO A MATTER OF BOARD ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE INDEPENDENT EXECUTIVE COMMITTEE OF THE OTTERBEIN HOMES BOARD OF TRUSTEES HAS THE RESPONSIBILITY FOR DETERMINING THE ANNUAL COMPENSATION FOR THE OFFICERS BY THE USE OF INDUSTRY SPECIFIC DATA SUCH AS SALARY SURVEYS FROM LEADING AGE AND LEADING AGE OHIO. THE SALARIES OF THE KEY EMPLOYEES ARE DETERMINED BY THE OFFICERS USING INDUSTRY COMPARATIVE DATA SUCH AS SALARY SURVEYS FROM LEADING AGE AND LEADING AGE OHIO. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. THIS PROCESS WAS LAST PERFORMED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT IS PROVIDED TO THE PUBLIC WHICH INCLUDES THE AUDITED FINANCIAL STATEMENT SUMMARY AND IS CERTIFIED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G NURSE AGENCY FEES/CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 8,082,195. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,082,195. OTHER SERVICES: PROGRAM SERVICE EXPENSES 3,291,116. MANAGEMENT AND GENERAL EXPENSES 500,143. FUNDRAISING EXPENSES 5,535. TOTAL EXPENSES 3,796,794. CORPORATE SERVICE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,385,713. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,385,713. PERFORMANCE APPRAISAL - CP ADMINISTRATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 814,550. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 814,550. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF GIFT ANNUITY -190,177. CHANGE IN MINIMUM PENSION LIABILITY 464,809. EQUITY TRANSFERS -1,578,697. FORM 990, PART XII, LINE 2C THE SELECTION AND OVERSIGHT PROCESS HAS NOT CHANGED. CHARITY CARE POLICY OTTERBEIN HOMES MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES AND MAINTAINS A BENEVOLENT ASSISTANCE POLICY TO PROVIDE CARE WITHOUT CHARGE OR AT REDUCED RATES TO RESIDENTS WHO MEET CERTAIN CRITERIA. THE ORGANIZATION HAS ESTIMATED ITS DIRECT AND INDIRECT COSTS OF PROVIDING CARE UNDER ITS BENEVOLENT ASSISTANCE POLICY USING A COST-TO-CHARGE RATIO BASED UPON HISTORICAL OPERATING MARGINS. USING THIS METHODOLOGY, THE ORGANIZATION HAS ESTIMATES THE COSTS FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER THE ORGANIZATION'S BENEVOLENT ASSISTANCE POLICY AGGREGATED APPROXIMATELY $472,000 FOR THE YEAR ENDED DECEMBER 31, 2023. OTTERBEIN PERRYSBURG LLC 3855 LOWER MARKET STREET SUITE 300 LEBANON OH 45036 205493322 DEVELOP & OPERATE SMALL HOUSE NEIGHBORHOODS - PROVIDING SKILLED NURSING CARE OH 7143817 7723551 OTTERBEIN HOMES OTTERBEIN MONCLOVA LLC 3855 LOWER MARKET STREET SUITE 300 LEBANON OH 45036 205493287 DEVELOP & OPERATE SMALL HOUSE NEIGHBORHOODS - PROVIDING SKILLED NURSING CARE OH 7273094 8129474 OTTERBEIN HOMES OTTERBEIN CLEAR CREEK LLC 3855 LOWER MARKET STREET SUITE 300 LEBANON OH 45036 260731207 DEVELOP & OPERATE SMALL HOUSE NEIGHBORHOODS - PROVIDING SKILLED NURSING CARE OH 7306700 8824864 OTTERBEIN HOMES OTTERBEIN MIDDLETOWN LLC 3855 LOWER MARKET STREET SUITE 300 LEBANON OH 45036 260731330 DEVELOP & OPERATE SMALL HOUSE NEIGHBORHOODS - PROVIDING SKILLED NURSING CARE OH 7503759 9122098 OTTERBEIN HOMES OTTERBEIN HOLDINGS LLC 3855 LOWER MARKET STREET SUITE 300 LEBANON OH 45036 205493357 REAL ESTATE HOLDING COMPANY OH 0 0 OTTERBEIN HOMES OTTERBEIN INDEPENDENT LIVING SERVICES LLC 3855 LOWER MARKET STREET 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