2024-11-01T14:11:40-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-01-01 412273452 PHI GROUP RETURN PHIG 7175028840 ONE TRINITY DRIVE EAST STE 201 DILLSBURG PA 170198522 DYAN MCALISTER SENIOR VICE PRESIDENT/CFO/CSO 7175028840 2024-10-30 1 1 KERRI N BOGDA CPA P00760402 7177404863 2024-10-30 2023 2024-10-15 13:58:12Z PRESBYTERIAN SENIOR LIVING DAN DAVIS JR ONE TRINITY DRIVE EAST STE 201 DILLSBURG PA 170198522 286779524 1 1 3292 X WWW.PRESBYTERIANSENIORLIVING.ORG X 1927 PA GUIDED BY THE LIFE AND TEACHINGS OF JESUS, THE MISSION OF PRESBYTERIAN SENIOR LIVING IS TO PROVIDE COMPASSIONATE, VIBRANT AND SUPPORTIVE COMMUNITIES AND SERVICES TO PROMOTE WHOLENESS OF BODY, MIND AND SPIRIT. 13 12 3314 752 46238 42865 8301714 3487655 204408874 227993555 5299033 9742219 803571 649141 218813192 241872570 12334 91273 0 0 86794215 97049920 85607 85246 85246 129264840 140061992 216156996 237288431 2656196 4584139 696896284 863401377 481727764 633398958 215168520 230002419 GUIDED BY THE LIFE AND TEACHINGS OF JESUS, THE MISSION OF PRESBYTERIAN SENIOR LIVING IS TO PROVIDE COMPASSIONATE, VIBRANT AND SUPPORTIVE COMMUNITIES AND SERVICES TO PROMOTE WHOLENESS OF BODY, MIND AND SPIRIT. 0 0 172617547 91273 226520037 THE ORGANIZATIONS WITHIN THE PHI GROUP FORM A NETWORK OF COMMUNITIES AND SERVICES THAT MEET THE DIVERSE NEEDS OF SENIORS IN PENNSYLVANIA, MARYLAND, DELAWARE AND SOUTHEASTERN OHIO. THE ORGANIZATIONS FOSTER AND SPONSOR LIVING FACILITIES TO PROVIDE HOUSING, AS WELL AS A FULL RANGE OF HEALTHCARE AND OTHER RELATED COMMUNITY SERVICES FOR THE ELDERLY. (9,760 RESIDENTS SERVED) 27572343 0 1427280 THE ORGANIZATIONS WITHIN THE PHI GROUP PROVIDE SERVICES WITHOUT CHARGE OR AT AMOUNTS LESS THAN THEIR ESTABLISHED RATES TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER PHI'S CHARITY CARE POLICY. BECAUSE THE ORGANIZATIONS DO NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THEY ARE NOT REPORTED AS REVENUE. IN ADDITION, THE ORGANIZATIONS CONSIDER CONTRACTUAL ALLOWANCES BENEVOLENT CARE. (456 CLIENTS) 200189890 1 1 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 1 1 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 1 527 0 3314 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 13 12 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 DE MD OH PA X DYAN MCALISTER SENIOR VICE PRESIDENTCFOCSO 7175028840 ONE TRINITY DRIVE EAST STE 201 DILLSBURG PA 170198522 SHARON KELLY PSL & PSL HSG MGMT & PINE RUN BRD MBR 4.00 1.00 X 0 0 0 BRENDA ELLIOTT PSL BOARD MEMBER 4.00 1.00 X 0 0 0 TERRY GOLDSTEIN PSL BRD MBR; PHPH VICE CHAIR 4.00 1.00 X X 0 0 0 JOSEPH KINARD PSL VICE CHAIR & PIMS BOARD MEMBER 4.00 1.00 X X 0 0 0 STUART PAXTON PSL & PIMS BOARD MEMBER 4.00 1.00 X 0 0 0 SUSAN REIMANN PSL CHAIR 4.00 1.00 X X 0 0 0 WILLIAM SCOTT PSL & PINE RUN BOARD MEMBER 4.00 1.00 X 0 0 0 JAMES BIRDSALL PSL & PIMS BOARD MEMBER 4.00 1.00 X 0 0 0 JOSEPH SEIBERT PSL BOARD MEMBER 4.00 1.00 X 0 0 0 LAWRENCE CHOTTINER PSL BOARD MEMBER & LONG COMMUNITY VICE CHAIR 4.00 1.00 X X 0 0 0 JENNIFER SHROPHIRE PSL BOARD MEMBER & PINE RUN CHAIR 4.00 1.00 X X 0 0 0 ROBYN STONE PSL BOARD MEMBER 4.00 1.00 X 0 0 0 BARBARA HESS PSLSI BOARD MEMBER 1.00 0.00 X 0 0 0 ANN FEDORCHAK PSL HSG MGMT VICE CHAIR 1.00 0.00 X X 0 0 0 ROBERT HORMELL PSL HSG MGMT CHR & CV BOARD MEMBER 1.00 0.00 X X 0 0 0 SCOTT DERR PSL HSG MGMT & PIMS BOARD MBR 1.00 0.00 X 0 0 0 JOHN FARGNOLI PSL HSG MGMT BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE GLEN PSL HSG MGMT BOARD MEMBER 1.00 0.00 X 0 0 0 PHILIP MILLER PSL HSG MGMT BRD MBR & PIMS CHAIR 1.00 0.00 X X 0 0 0 RANDI CARR CATHEDRAL VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 JEAN DUNCAN CATHEDRAL VILLAGE VICE CHAIR 1.00 0.00 X X 0 0 0 CAROLINE KING CATHEDRAL VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 HOLLY LANGE CATHEDRAL VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN ROSS CATHEDRAL VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN SCOTT CATHEDRAL VILLAGE BOARD CHAIR 1.00 0.00 X X 0 0 0 FRED ENGLE LONG COMMUNITY BOARD MEMBER 1.00 0.00 X 0 0 0 N ANTHONY MASTROPIETRO LONG COMMUNITY BOARD MEMBER 1.00 0.00 X 0 0 0 ANTHONY MONTGOMERY LONG COMMUNITY BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL OSTER LONG COMMUNITY BOARD CHAIR 1.00 0.00 X X 0 0 0 JANE SNYDER LONG COMMUNITY BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES BREXLER PINE RUN BOARD MEMBER 1.00 0.00 X 0 0 0 CAROLYN DELLA-RODOLFA PINE RUN BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES GREZLAK PINE RUN BOARD MEMBER 1.00 0.00 X 0 0 0 KEN SNYDER PINE RUN VICE CHAIR 1.00 0.00 X X 0 0 0 DANIEL NELSON PRES HOMES IN PRES OF HUNTING CHAIR 1.00 0.00 X X 0 0 0 CARL CAMPBELL PRES HOMES IN PRES OF HUNTINGDON BRD 1.00 0.00 X 0 0 0 JAMES HUFF PRES HOMES IN PRES OF HUNTINGDON BRD 1.00 0.00 X 0 0 0 SUE ESCH PRES HOMES IN PRES OF HUNTINGDON BRD 1.00 0.00 X 0 0 0 TIMOTHY BAER QUINCY VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 RAY MILLER QUINCY VILLAGE VICE CHAIR 1.00 0.00 X X 0 0 0 RENEE PRESO QUINCY VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 CHERYL RHODES QUINCY VILLAGE BOARD CHAIR 1.00 0.00 X X 0 0 0 BEVERLY SHOCKEY QUINCY VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 DENNIS SCHOCKEY QUINCY VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN O'HARA PIMS BOARD MEMBER 1.00 0.00 X 0 0 0 PATRICK WILLIAMS PIMS BOARD MEMBER 1.00 0.00 X 0 0 0 DAN DAVIS JR BOARD PRESIDENT & CEO 40.00 0.00 X 0 483455 22097 DYAN MCALISTER SENIOR VICE PRESIDENT/CFO/CSO 40.00 0.00 X 0 398630 21065 BEVERLY WICKLINE BOARD SEC'Y & EXEC ADMIN ASSISTANT 40.00 0.00 X 0 67562 7572 CYNTHIA HOFFMAN BRD ASST TREAS. & VP OF FINANCE 40.00 0.00 X 0 215518 17648 STEPHEN JULIANO BOARD ASST SECRETARY (TERM. 11/23) 40.00 0.00 X 0 103768 7200 CYNTHIA FOX SENIOR VP OF HUMAN RESOURCES 40.00 0.00 X 0 253668 8959 ROBERT JONES VP OF PLANT OPERATIONS & ASSETS 40.00 0.00 X 0 181930 20662 MALYNDA HIVNER VP OF DEVELOPMENT 40.00 0.00 X 0 187459 8620 ROBERT ETCHELLS SPECIAL PROJ. CONSULTANT(AS OF 9/23) 40.00 0.00 X 0 163639 1229 MELISSA CRAWL VP OF HOUSING OPERATIONS 40.00 0.00 X 178186 0 17514 KRISTIN HAMBLETON VP OF SALES & MARKETING 40.00 0.00 X 0 193050 8630 JESSICA LELII VP HUMAN RESOURCES 40.00 0.00 X 0 169771 1418 DEB LARKIN VP OF COMPLIANCE & PRIVACY 40.00 0.00 X 0 172970 1538 BRUCE SHEARER VP OF TECHNOLOGY 40.00 0.00 X 0 211036 20925 JESSICA SHARER VP OF CLINICAL EXCELLENCE 40.00 0.00 X 0 192237 1613 KATE HERSHEY CHIEF OPERATING OFFICER 40.00 0.00 X 0 259605 18280 DANIEL KRIEGER CHIEF BUSINESS INTEGRATION AND COMPLIANCE OFFICER 40.00 0.00 X 0 258091 8888 STACI M WARSAW EXECUTIVE DIRECTOR - KIRKLAND VILLAGE 40.00 0.00 X 165321 0 16518 AMBER HURLEY AREA DIRECTOR - GREEN RIDGE VILLAGE 40.00 0.00 X 173802 0 1498 WENDY L NERAD EXECUTIVE DIRECTOR - WESTMINSTER VILLAGE DOVER 40.00 0.00 X 166768 0 8412 BONNIE LINE SNF RN SUPERVISOR 40.00 0.00 X 168341 0 0 JEAN HERAN SNF RN SUPERVISOR 40.00 0.00 X 153017 0 19895 JAMES BERNARDO FORMER PRES. & CEO (TERM 12/22) 0.00 0.00 X 0 316594 0 STEPHEN PROCTOR FORMER PRES. & CEO (TERM. 6/19) 0.00 0.00 X 0 180871 0 MARYANNE ADAMCZYK FORMER VP OF CORP REL. (TERM. 8/21) 0.00 0.00 X 0 253476 0 1005435 4263330 240181 97 1 1 0 BENCHMARK CONSTRUCTION COMPANY INC 4121 OREGON PIKE PO BOX 806 BROWNSTOWN PA 17508 CONSTRUCTION 12806839 BENCHMARK THERAPIES INC 403 6TH STREET PO BOX 870 HUNTINGDON PA 166520870 THERAPY 8697603 PJ DICK INC PO BOX 6774 PITTSBURGH PA 15212 CONSTRUCTION 2696117 PRELUDE SERVICES 5095 RITTER RD STE 112 MECHANICSBURG PA 19702 IT SUPPORT 2686631 US FOODSERVICE SWEDESBORO PO BOX 33101 NEWARK NJ 17055 DINING 2597965 171 115835 16403 1223564 2131853 10594 3487655 RESIDENT SERVICE REVENUE 623000 224552680 224506442 46238 TENANT RENT 623000 1600138 1600138 MANAGEMENT FEE INCOME 623000 1169582 1169582 SERVICE AGREEMENT INCOME 623000 671155 671155 227993555 4882819 4882819 627104 0 627104 627104 627104 39411686 10324067 39221165 5655188 190521 4668879 4859400 4859400 15840 115835 30601 -14761 -14761 MISC. INCOME 900099 23014 23014 REBATES AND REFUNDS 900099 10434 10434 RESIDENT UPGRADES 900099 3310 3310 40 40 36798 241872570 227947317 46238 10391360 X 91273 91273 195700 195700 80049440 73699788 6349652 364682 335009 29673 10518369 9769031 749338 5921729 5419253 502476 18732187 1156900 17575287 5373 5155 218 35318 35318 85246 85246 306302 306302 27372848 26941013 431835 1086 1086 6469508 4353636 2115872 3526269 450649 3075620 14525867 14319156 206711 23591 2135 21456 16337 400 15937 13178205 11741173 1437032 28789629 28490817 298812 8724553 8317085 407468 FOOD AND BEVERAGE 8814612 8758260 56352 MEDICAL SUPPLIES 6146453 6146453 BAD DEBT EXPENSE 2440078 2440078 OTHER OPERATING EXPENSE 953776 191618 762158 237288431 200189890 37013295 85246 23888 26888 10813014 16025294 163638 305237 13490547 16892984 929658 904176 494726 617010 3892806 3647789 904318788 406466612 411075183 497852176 134696669 149856470 5162737 5186877 116153418 172086476 696896284 863401377 25191616 40630726 132762464 159965507 223332259 274809209 72248972 107047568 2557648 2608801 25634805 48337147 481727764 633398958 X 188890439 201153689 26278081 28848730 215168520 230002419 696896284 863401377 X 4584139 11815203 -1565443 X 0 1 X 1 1 1 X 1790496 15615917 22706640 8301714 3487655 51902422 235157934 220450767 211880330 204353877 227947317 1099790225 236948430 236066684 234586970 212655591 231434972 1151692647 59708 55161 26094 93099 26180 260242 0 59708 55161 26094 93099 26180 260242 1151432405 2374378 3225168 4031610 3729653 5509923 18870732 2374378 3225168 4031610 3729653 5509923 18870732 44835 42865 87700 6510 1072761 1250905 254846 52638 2637660 239329318 240409448 239869485 216640090 237040398 1173288739 0.98140 0.98360 0.01610 0.01400 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DEVELOPER FEE INCOME - 2020 AMOUNT: $ 912,800. 2021 AMOUNT: $ 948,000. 2022 AMOUNT: $ 132,000. RESIDENT UPGRADES - 2020 AMOUNT: $ 66,605. 2021 AMOUNT: $ 15,098. 2022 AMOUNT: $ 20,248. 2023 AMOUNT: $ 3,310. MANAGEMENT SERVICES - 2020 AMOUNT: $ 44,345. EASEMENT AGREEMENT - 2020 AMOUNT: $ 10,100. COVID-19 INCOME - 2020 AMOUNT: $ 15,117. MISC INCOME - 2020 AMOUNT: $ 16,104. 2021 AMOUNT: $ 35,646. 2022 AMOUNT: $ 46,460. 2023 AMOUNT: $ 23,054. REBATES AND REFUNDS - 2021 AMOUNT: $ 36,792. 2022 AMOUNT: $ 42,767. 2023 AMOUNT: $ 10,434. REIMBURSEMENTS - 2021 AMOUNT: $ 4,905. PAY FOR PERFORMANCE - 2021 AMOUNT: $ 190,226. NON-CHARITABLE FUNDRAISING RECEIPTS - 2019 AMOUNT: $ 6,510. 2020 AMOUNT: $ 7,690. 2021 AMOUNT: $ 20,238. 2022 AMOUNT: $ 13,371. 2023 AMOUNT: $ 15,840. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 2.00 1 0 8533298 244827 124618 151629 8751114 7977576 497208 147460 88946 8533298 7582724 351354 104098 60600 7977576 7361766 342928 198341 320311 7582724 7020622 380331 177333 216520 7361766 0.00000 0.73000 0.27000 0 0 47411708 47411708 739184352 352417246 386767106 60096914 47621559 12475355 57625814 6427807 51198007 497852176 FUNDS HELD IN TRUST BY OTHERS 18867774 CAPITAL AND OPERATING ASSETS UNDER LEASE 1033809 OTHER ASSETS 8651 DUE FROM AFFILIATES 102733681 GOODWILL 30614214 TENANT SECURITY DEPOSITS 6332 RESTRICTED DEPOSITS AND FUNDED RESERVES 18585975 ASSETS WHOSE USE IS LIMITED 236040 172086476 RESIDENT DEPOSITS 3448499 ENTRANCE FEES PAYABLE 19648666 ANNUITIES PAYABLE 302169 OBLIGATIONS UNDER CAPITAL AND OPERATING LEASE 1192241 DEFERRED ENERGY COSTS 766369 DUE TO AFFILIATES 22979203 48337147 PART II, LINE 9: GLEN MEADOWS RETIREMENT COMMUNITY CONTRACTED WITH A THIRD PARTY VENDOR TO MANAGE THE CONSERVATION EASEMENT. AS SUCH, THERE IS NO REPORTING ON THE FINANCIALS FOR THIS EASEMENT. PART V, LINE 4: ENDOWMENT FUNDS CONSIST OF DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUPPORTING THE CORPORATION. THIS INCLUDES, BUT IS NOT LIMITED TO, CHARITY CARE. X X 1 GREEN OAK CONSULTING 915 HIGHLAND POINT BLVD SUITE 250 ROSEVILLE CA 95670 FUNDRAISING CONSULTING 0 0 85246 -85246 85246 -85246 PA PSL GOLF TOURNAMENT 96720 88220 8500 3800 8500 6649 2342 WESTERN GOLF 29455 27615 1840 2930 1840 2250 340 1 5500 5500 1000 600 350 131675 115835 15840 6730 10340 9899 600 3032 30601 -14761 X X X 1 1 0 1 1 1 1 0 0 DAN DAVIS JR BOARD PRESIDENT & CEO 0 465489 0 0 0 17966 0 0 0 22097 0 505552 0 0 DYAN MCALISTER SENIOR VICE PRESIDENT/CFO/CSO 0 298633 0 64055 0 35942 0 0 0 21065 0 419695 0 0 JAMES BERNARDO FORMER PRES. & CEO (TERM 12/22) 0 0 0 0 0 316594 0 0 0 0 0 316594 0 0 KATE HERSHEY CHIEF OPERATING OFFICER 0 237935 0 20000 0 1670 0 0 0 18280 0 277885 0 0 DANIEL KRIEGER CHIEF BUSINESS INTEGRATION AND COMPL 0 215682 0 40000 0 2409 0 0 0 8888 0 266979 0 0 CYNTHIA FOX SENIOR VP OF HUMAN RESOURCES 0 223748 0 0 0 29920 0 0 0 8959 0 262627 0 0 MARYANNE ADAMCZYK FORMER VP OF CORP REL. (TERM. 8/21) 0 0 0 0 0 253476 0 0 0 0 0 253476 0 0 CYNTHIA HOFFMAN BRD ASST TREAS. & VP OF FINANCE 0 192735 0 20000 0 2783 0 0 0 17648 0 233166 0 0 BRUCE SHEARER VP OF TECHNOLOGY 0 199088 0 10000 0 1948 0 0 0 20925 0 231961 0 0 ROBERT JONES VP OF PLANT OPERATIONS & ASSETS 0 168187 0 10000 0 3743 0 0 0 20662 0 202592 0 0 KRISTIN HAMBLETON VP OF SALES & MARKETING 0 187140 0 5000 0 910 0 0 0 8630 0 201680 0 0 MALYNDA HIVNER VP OF DEVELOPMENT 0 186459 0 1000 0 0 0 0 0 8620 0 196079 0 0 MELISSA CRAWL VP OF HOUSING OPERATIONS 177302 0 0 0 884 0 0 0 17514 0 195700 0 0 0 JESSICA SHARER VP OF CLINICAL EXCELLENCE 0 181286 0 10000 0 951 0 0 0 1613 0 193850 0 0 STACI M WARSAW EXECUTIVE DIRECTOR - KIRKLAND VILLAG 152390 0 12192 0 739 0 0 0 16518 0 181839 0 0 0 STEPHEN PROCTOR FORMER PRES. & CEO (TERM. 6/19) 0 0 0 0 0 180871 0 0 0 0 0 180871 0 0 AMBER HURLEY AREA DIRECTOR - GREEN RIDGE VILLAGE 170747 0 2731 0 324 0 0 0 1498 0 175300 0 0 0 WENDY L NERAD EXECUTIVE DIRECTOR - WESTMINSTER VIL 162663 0 2611 0 1494 0 0 0 8412 0 175180 0 0 0 DEB LARKIN VP OF COMPLIANCE & PRIVACY 0 172155 0 0 0 815 0 0 0 1538 0 174508 0 0 JEAN HERAN SNF RN SUPERVISOR 121807 0 29649 0 1561 0 0 0 19895 0 172912 0 0 0 JESSICA LELII VP HUMAN RESOURCES 0 165433 0 4000 0 338 0 0 0 1418 0 171189 0 0 BONNIE LINE SNF RN SUPERVISOR 86616 0 81725 0 0 0 0 0 0 0 168341 0 0 0 ROBERT ETCHELLS SPECIAL PROJ. CONSULTANT(AS OF 9/23) 0 161643 0 0 0 1996 0 0 0 1229 0 164868 0 0 PART I, LINE 3 EACH YEAR, SALARIES FOR EXECUTIVES ARE DETERMINED BASED ON COMPARATIVE DATA FROM LEADING AGE'S SPONSORED SALARY SURVEY CALLED CEMO LEADERSHIP COMPENSATION SURVEY. THESE SALARIES ARE THEN APPROVED BY THE BOARD OF DIRECTORS. FOR HIGHEST PAID EMPLOYEES, SALARIES ARE SET DURING THE YEARLY BUDGET PROCESS BY THE EXECUTIVE DIRECTORS OF EACH FACILITY IN CONJUNCTION WITH THE VP OF FINANCE AND CHIEF FINANCIAL OFFICER. THESE WAGES ARE ALSO COMPARED TO MARKET STUDIES AND ARE APPROVED, IN TOTAL, BY THE BOARD. PART I, LINES 4A-B STEPHEN PROCTOR, FORMER PRESIDENT & CEO, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $180,871 DURING THE YEAR AS SHOWN IN COLUMN (III). CYNTHIA FOX, SENIOR VP OF HUMAN RESOURCES, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $26,021 DURING THE YEAR AS SHOWN IN COLUMN (III). DAN DAVIS JR, BOARD PRESIDENT & CEO, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $11,875 DURING THE YEAR WHICH IS INCLUDED IN COLUMN (III). DYAN MCALISTER, BOARD TREASURER & SENIOR VICE PRESIDENT & CFO, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $34,125 DURING THE YEAR WHICH IS INCLUDED IN COLUMN (III). JAMES BERNARDO, FORMER BOARD PRESIDENT & CEO, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $316,594 DURING THE YEAR WHICH IS INCLUDED IN COLUMN (III). DANIEL KRIEGER, SR. VP OF RISK, COMP & BUS DEV., PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $4,869 DURING THE YEAR WHICH IS INCLUDED IN COLUMN (III). MARYANNE ADAMCZYK, SPECIAL PROJECTS CONSULTANT, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $253,476 DURING THE YEAR WHICH IS INCLUDED IN COLUMN (III). STEPHEN JULIANO, BOARD ASST SEC. & DIR. SPEC. EVENTS & DES., RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $12,479 DURING THE YEAR. PART I, LINE 5 EXECUTIVE STAFF ARE GIVEN AN INCENTIVE PLAN BASED ON FINANCIAL GOALS AND GROWTH AND DEVELOPMENT GOALS AS WELL AS QUALITY AND RESIDENT AND EMPLOYEE SATISFACTION GOALS. THESE GOALS NEED TO BE MET NOT ONLY AT THE CORPORATE LEVEL, BUT ALSO AT A PERCENTAGE OF THE RELATED ORGANIZATIONS. PRESBYTERIAN SENIOR LIVING MUST MEET OPERATING MARGIN TARGETS WHICH EXCEED PLAN IN TOTAL AT BOTH THE CORPORATE LEVEL AND AT A MAJORITY OF THE FACILITIES. PART I, LINE 6 EXECUTIVE STAFF ARE GIVEN AN INCENTIVE PLAN BASED ON FINANCIAL GOALS AND GROWTH AND DEVELOPMENT GOALS AS WELL AS QUALITY AND RESIDENT AND EMPLOYEE SATISFACTION GOALS. THESE GOALS NEED TO BE MET NOT ONLY AT THE CORPORATE LEVEL, BUT ALSO AT A PERCENTAGE OF THE RELATED ORGANIZATIONS. PRESBYTERIAN SENIOR LIVING MUST MEET OPERATING MARGIN TARGETS WHICH EXCEED PLAN IN TOTAL AT BOTH THE CORPORATE LEVEL AND AT A MAJORITY OF THE FACILITIES. A QUINCY SEWER AUTHORITY REVENUE BONDS SERIES 2016 251796914 2016-06-15 20000000 SEE PART VI 0 0 0 B PENNSYLVANIA ECONOMIC FINANCING AUTHORITY BOND SERIES 2018 236003102 2018-12-28 30000000 SEE PART VI 0 0 0 C NORTHAMPTON CNTY INDUSTRIAL DEVELOPMENT AUTHORITY REVENUE BONDS SERIES 2020 231971754 2020-06-01 15000000 CAPITAL IMPROVEMENTS 0 0 0 D PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY 383849352 70869PNK9 2021-07-14 66681245 REFUND PRIOR YEAR BONDS AND CAPITAL IMPROVEMENTS 0 0 0 A 4092348 20000000 74250 20000000 2017 0 0 1 1 B 3066000 30053015 1692 156543 29843457 2020 0 0 1 1 C 902443 15000000 15000000 2020 0 0 1 1 D 1360000 59530000 827478 38206968 28474277 2021 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 D 0 0 0 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 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 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: QUINCY SEWER AUTHORITY REVENUE BONDS SERIES 2016 (06/15/2016) (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE QUINCY SEWER AUTHORITY REVENUE BONDS SERIES 2016 WERE USED TO BUILD, FURNISH AND EQUIP THE QUINCY SMALL HOUSES AND THE INDEPENDENT LIVING FACILITY OF PRESBYTERIAN VILLAGE AT HOLLIDAYSBURG, AND TO PAY FOR A PORTION OF THE COSTS AND EXPENSES ASSOCIATED WITH SUCH FINANCING. (A) ISSUER NAME: PENNSYLVANIA ECONOMIC FINANCING AUTHORITY BOND SERIES 2018 (12/28/2018) (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE PENNSYLVANIA ECONOMIC FINANCING AUTHORITY BOND SERIES 2018 WILL BE USED TO FINANCE CAPITAL IMPROVEMENTS TO WARE NURSING FACILITY, CAPITAL IMPROVEMENTS TO QUINCY ASSISTED LIVING AND INDEPENDENT LIVING UNITS, AND CAPITAL IMPROVEMENTS TO THE CATHEDRAL VILLAGE COVER WALKWAY PHASE II. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN(E) DUE TO THE BONDS BEING ISSUED AT A DISCOUNT. A PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY 383849352 70869PPE1 2023-08-01 131805000 REFUND PRIOR YEAR BONDS AND CAPITAL IMPROVEMENTS 0 0 0 B NATIONAL FINANCE AUTHORITY REVENUE BONDS 521304598 63607YBJ8 2023-08-01 27895000 CAPITAL IMPROVEMENTS 0 0 0 A 128972425 9407017 2123661 18466301 89861641 18520822 2025 1 0 0 1 B 26954102 436415 26517687 2025 0 0 0 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 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 2 WILLIAM SCOTT AND SUSAN SCOTT HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER AND OTHER TOP EXECUTIVES REVIEW THE FORM 990 IN DETAIL. THEN THE RETURN IS PROVIDED TO THE ORGANIZATION'S AUDIT COMMITTEE PRIOR TO THE FORM'S SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE OFFICERS, DIRECTORS AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST FORM. THE COMPLIANCE DEPARTMENT ANNUALLY REVIEWS THE CONFLICT OF INTEREST DISCLOSURES REMITTED FROM THE OFFICERS, DIRECTORS AND KEY EMPLOYEES TO UPDATE AND MONITOR ANY CHANGES THAT COULD CAUSE A POTENTIAL CONFLICT OF INTEREST. FAMILY AND BUSINESS RELATIONSHIPS ARE CONSIDERED AS POSSIBLE SOURCES OF CONFLICTS OF INTEREST. SHOULD A CONFLICT OF INTEREST ARISE, THE FOLLOWING PROCEDURES ARE FOLLOWED: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE PSL GOVERNANCE COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE PSL GOVERNANCE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. TO AVOID THE APPEARANCE OF IMPROPRIETY AND TO PROVIDE FOR GREATER TRANSPARENCY, THE ORGANIZATION HAS ADOPTED A GENERAL PROHIBITION ON CONDUCTING BUSINESS WITH ANY ENTITY OR PERSON IN WHOM AN INTERESTED INDIVIDUAL HAS A FINANCIAL INTEREST, AND A GENERAL PROHIBITION ON AN INTERESTED INDIVIDUAL SOLICITING THE ORGANIZATION IF IT WOULD CREATE A POTENTIAL CONFLICT OF INTEREST. D. THE GENERAL PROHIBITION DESCRIBED IN (C) ABOVE SHALL NOT APPLY TO (I) ORDINARY COURSE TRANSACTIONS BETWEEN PSL AND AN INTERESTED INDIVIDUAL SUCH AS PAYMENTS FOR RESIDENT CARE OR CHARITABLE GIFTS: OR (II) INCIDENTAL TRANSACTIONS WHERE THE VALUE OF THE TRANSACTION IS LESS THAN $1,000 ANNUALLY. E. IN ADDITION, THE PSL GOVERNANCE COMMITTEE WILL, ON A CASE BY CASE BASIS, CONSIDER OTHER EXCEPTIONS TO THE GENERAL PROHIBITION DESCRIBED IN (C) ABOVE, BASED ON A "COMPELLING BENEFIT" TO THE ORGANIZATION, BUT ONLY IN THE FOLLOWING CIRCUMSTANCES: I. WHERE THE PSL GOVERNANCE COMMITTEE DETERMINES THERE ARE EXIGENT CIRCUMSTANCES; OR II. WHERE THERE IS A DETERMINATION BY THE PSL GOVERNANCE COMMITTEE THAT THERE IS NO REASONABLE ALTERNATIVE TO TRANSACTING BUSINESS WITH THE INTERESTED INDIVIDUAL, COUPLED WITH A DETERMINATION BY THE PSL GOVERNANCE COMMITTEE THAT THE TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTERESTS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 EVERY YEAR, SALARIES FOR EXECUTIVES ARE DETERMINED BASED ON COMPARATIVE DATA FROM LEADING AGE'S SPONSORED SALARY SURVEY CALLED CEMO LEADERSHIP COMPENSATION SURVEY. THESE SALARIES ARE THEN APPROVED BY THE BOARD OF DIRECTORS. FOR HIGHEST PAID EMPLOYEES, SALARIES ARE SET DURING THE YEARLY BUDGETING PROCESS BY THE EXECUTIVE DIRECTORS OF EACH FACILITY IN CONJUCTION WITH THE VP OF FINANCE AND CHIEF FINANCIAL OFFICER. THESE WAGES ARE ALSO COMPARED TO MARKET STUDIES AND ARE APPROVED, IN TOTAL, BY THE BOARD. THE COMPENSATION COMMITTEE MEETS SEPARATELY AND DISCUSSIONS ARE INCLUDED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 PRESBYTERIAN SENIOR LIVING AND ALL OF ITS AFFILIATES ARE WORKING HARD TO PROMOTE TRANSPARENCY. THEREFORE, CURRENT MONTH/QUARTERLY FINANCIAL STATEMENTS ARE POSTED RIGHT ON THE PSL WEBSITE, ALONG WITH CENSUS AND YEAR END AUDITS. ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 26,941,013. MANAGEMENT AND GENERAL EXPENSES 431,835. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,372,848. FORM 990, PART XI, LINE 9: ANNUITY ADJUSTMENT -10,959. LOSS ON EARLY RETIREMENT OF DEBT -919,318. LOSS ON ABANDONED PROJECTS -635,166. 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