2023-03-13T10:54:23-05:00 2022-04-30 FORVIS LLP 2700 Post Oak Blvd Ste 1500 HOUSTON TX 77056 990 2021-05-01 720428013 The Glen Retirement System % MARIE DAVIS GLEN 3187983500 403 E Flournoy Lucas Rd Shreveport LA 71115 MARIE DAVIS CFO 3187983500 2022-03-15 true MARIE DAVIS 999009999 Amanda Maya P01067777 7134994600 2022-03-15 2 2021 2023-04-26 12:10:37Z DEBRA WILLIAMS 403 E FLOURNOY LUCAS RD SHREVEPORT LA 71115 17880492 false X WWW.THEGLENSYSTEM.ORG X 1898 LA THE MISSION OF THE GLEN RETIREMENT SYSTEM IS TO ENRICH THE LIVES OF OLDER PEOPLE THROUGH HOUSING, HEALTHCARE AND SERVICES. 15 15 266 74 0 0 77378 100602 14046308 13843843 384849 1923515 2032810 336502 16541345 16204462 0 0 0 0 8702881 8910457 0 0 0 7783282 8898774 16486163 17809231 55182 -1604769 69850998 63632764 51260255 48640261 18590743 14992503 X THE MISSION OF THE GLEN RETIREMENT SYSTEM IS TO ENRICH THE LIVES OF OLDER PEOPLE THROUGH HOUSING, HEALTHCARE AND SERVICES. THIS MISSION IS ACCOMPLISHED BY DEDICATED COMMUNITY VOLUNTEERS AND COMPASSIONATE PROFESSIONALS WITH COMMITMENT, VISION AND LEADERSHIP. false false 2022715 1787001 MEMORY CARE ASSISTED LIVING IN TWO SECURED BUILDINGS WITH A HOME LIKE ENVIRONMENT AND ACTIVITIES GEARED FOR THOSE OVER 62 WITH MEMORY LOSS. 30 APARTMENTS WITH AN AVERAGE OCCUPANCY OF 96% PROVIDING 10,496 DAYS OF CARE IN FISCAL YEAR ENDING 4/30/22. 3191216 2994982 INDEPENDENT LIVING / ASSISTED LIVING RENTAL UNITS FOR THOSE 62 OR OLDER TO LIVE COMFORTABLY WITH THE OPTION TO ADD SERVICES AS CARE LEVEL CHANGES. 100 APARTMENTS WITH AN AVERAGE OCCUPANCY OF 83% PROVIDING 30,191 DAYS OF CARE IN FISCAL YEAR ENDING 4/30/22. 9337370 8509033 SKILLED NURSING FACILITY LICENSED FOR 126 BEDS, MEDICARE AND MEDICAID CERTIFIED. DESIGNED WITH 5 HOUSEHOLDS WITH TOTAL OF 121 ACTIVE BEDS TO PROVIDE A NURTURING ENVIRONMENT. AN AVERAGE OCCUPANCY OF 68% WITH A PAYOR MIX OF 44% PRIVATE PAY, 40% MEDICAID AND 16% MEDICARE PROVIDING 29,641 PATIENT DAYS IN FISCAL YEAR ENDING 4/30/22. NEW CONSTRUCTION OF REDBROOK, 60 INDEPENDENT LIVING UNITS, COMPLETED AND AVAILABLE TO RENT IN OCTOBER 2021 WITH 33 UNITS RENTED AND 8 2ND 1563212 603917 OCCUPANTS BY FYE 4/30/22. 1563212 603917 16114513 true true false false false false false false false false true false false false true false true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false true 33 0 true 266 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false LA X X MARIE DAVIS 3187983500 403 EAST FLOURNOY LUCAS ROAD SHREVEPORT LA 71115 X DEBRA WILLIAMS CHIEF EXECUTIVE OFFICER 40.0 0.0 X 162575 0 1002 MARIE DAVIS CHIEF FINANCIAL OFFICER 40.0 0.0 X 132028 0 932 MICHELLE GREER ADMINISTRATOR, VILLAGE HEALTH 40.0 0.0 X 122644 0 943 NATASHA SUDARTO DON 40.0 0.0 X 101846 0 726 SUSAN ADAMS SECOND VICE CHAIR 2.0 0.0 X X 0 0 0 RHONDA ANGLIN CHAIRMAN OF THE BOARD 2.0 0.0 X X 0 0 0 ELLI BLAYLOCK DIRECTOR 2.0 0.0 X 0 0 0 BETSY VBOZE PHD DIRECTOR 2.0 0.0 X 0 0 0 KYLE DOBBINS DIRECTOR 2.0 0.0 X 0 0 0 MARISSA HILL SECRETARY 2.0 0.0 X X 0 0 0 MARY JO KAYSER DIRECTOR 2.0 0.0 X 0 0 0 CONNIE POSNER FIRST VICE CHAIR 2.0 0.0 X X 0 0 0 CAROLYN TILLMAN DIRECTOR 2.0 0.0 X 0 0 0 ALLISON WASHINGTON DIRECTOR 2.0 0.0 X 0 0 0 GAYLE FLOWERS DIRECTOR 2.0 0.0 X 0 0 0 MARTI WESTMORELAND DIRECTOR 2.0 0.0 X 0 0 0 MIKE WHITTENBARGER DIRECTOR 2.0 0.0 X 0 0 0 DIANNE WINNINGHAM DIRECTOR 2.0 0.0 X 0 0 0 MARLA SIMMONS TREASURER 2.0 0.0 X 0 0 0 519093 0 3603 4 false true false SUMMIT HEALTH REHAB PO BOX 69268 BALTIMORE MD 212649268 REHAB - THERAPY 472875 ELITE HEALTH SOLUTIONS 7591 FERN AVE SHREVEPORT LA 71105 CONTRACT NURSING 377323 DMR MECHANICAL PO BOX 19507 SHREVEPORT LA 71149 BUILDING REPAIRS 191107 HORD COPELAND MACHT INC 700 EAST PRATT STE 1200 BALTIMORE MD 21202 ARCHITECT 162921 ARI INC 800 SE QUINCY ST TOPEKA KS 66612 FINANCIAL CONSULTANT 121166 5 100602 100602 Resident Revenue 623000 13843843 13843843 13843843 248321 248321 0 0 13875 13875 0 13875 13875 3337426 6250 1661185 7297 1676241 -1047 1675194 -1047 1676241 0 0 0 0 0 0 10181 7548 2633 2633 Resident Meal Revenue 623000 19250 19250 Resident Housekeeping Revenue 623000 9930 9930 Provider relief funds 623000 271537 0 271537 19277 19277 319994 16204462 13893886 0 2209974 0 0 0 0 296537 266461 30076 0 7423962 6672087 751875 46803 28388 18415 561109 491744 69365 582046 499549 82497 48000 48000 14606 14606 116144 116144 0 0 0 963545 945784 17761 225861 27068 198793 365474 201085 164389 0 0 949712 895465 54247 26626 25761 865 0 23647 13188 10459 1280107 1280107 0 1757398 1757398 247794 237550 10244 Medical Supplies 815318 815318 0 0 Maintenance & Repairs 454278 298174 156104 Dietary Expenses 990261 990261 0 Provider Fees 358063 358063 0 261940 132312 129628 17809231 16114513 1694718 0 3163964 970499 433000 582000 0 0 767534 690706 0 0 0 0 0 0 27242 31346 295452 311399 71293639 23403664 37119137 47889975 24988551 12124108 0 0 0 0 2049321 0 1006797 1032731 69850998 63632764 3543589 1678648 0 0 0 0 46662437 46134535 0 0 0 0 0 0 0 0 1054229 827078 51260255 48640261 X 18590743 14992503 0 0 18590743 14992503 69850998 63632764 -1604769 -1993471 X false true X true true true X 83133 79787 112588 77378 100602 453488 14083361 14491590 14863493 14097439 13843843 71379726 0 0 0 14166494 14571377 14976081 14174817 13944445 71833214 4679 106934 7916 5475 7905 132909 4405502 2476064 2431676 2366857 2101941 13782040 4410181 2582998 2439592 2372332 2109846 13914949 57918265 222151 244602 249650 231483 262196 1210082 0 222151 244602 249650 231483 262196 1210082 0 0 0 211504 1976931 322627 2511062 14388645 14815979 15437235 16383231 14529268 75554358 0.76658 0.74118 0.01602 0.01714 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2060384 2060384 62792684 19553858 43238826 6419827 3849806 2570021 20744 0 20744 47889975 0 Interest Payable 773238 Refundable advance 53840 827078 14212038 -1993471 1047 -1992424 16204462 16204462 17810278 1047 1047 17809231 17809231 SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED STATEMENTS WITH REVENUE PER 990 OTHER CHANGES: LOSS FROM DISPOSAL OF PROPERTY INCLUDED IN EXPENSES ON AUDIT $1,047 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSE PER AUDITED STATEMENTS WITH EXPENSE PER 990 OTHER CHANGES: LOSS FROM DISPOSAL OF PROPERTY INCLUDED IN REVENUE ON RETURN $1,047 SCHEDULE D, PART X, LINE 2 THE GLEN HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE IRC. THE IRC PROVIDES FOR TAXATION OF UNRELATED BUSINESS INCOME UNDER CERTAIN CIRCUMSTANCES. THE GLEN REPORTS UNRELATED BUSINESS TAXABLE INCOME RESULTING FROM ITS ENTERPRISE ACTIVITIES. 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 FINANCIAL STATEMENTS. X X X false false false false false false false false false DEBRA WILLIAMS CHIEF EXECUTIVE OFFICER 152575 0 10000 0 0 0 0 0 1002 0 163577 0 A LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE 721416168 54628DAL4 2019-12-04 44685000 TO RETIRE EXISTING DEBT, UPDATE EX false false false A 8531258 0 45918756 2658500 2417144 0 904104 0 0 39815948 123060 0 2021 false false false true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A true SCH.K, PART II, LINE 3, COLUMN A TOTAL PROCEEDS OF ISSUE EXCEEDS THE ISSUE PRICE DUE TO THE ORIGINAL ISSUE PREMIUM ON THE BOND. SCH.K, PART I, LINE A, COLUMN F TO RETIRE EXISTING DEBT, UPDATE EXISTING FACILITY, AND CONSTRUCT 60 NEW INDEPENDENT LIVING UNITS. FORM 990, PART VI, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD, FIRST VICE-CHAIR, SECOND VICE-CHAIR, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD TO THE EXTENT AND WITH THE SAME EFFECT AS THOUGH SUCH ACTION HAD BEEN TAKEN BY THE BOARD OF DIRECTORS. THREE (3) MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION ENGAGES AN OUTSIDE ACCOUNTING FIRM TO PREPARE FORM 990. ONCE PREPARED, THE GOVERNING BOARD REVIEWS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND OFFICERS PERFORM A PERIODIC REVIEW OF PROCEDURES IN ORDER TO ENFORCE COMPLIANCE WITH THE ORGANIZATION'S POLICIES. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USES INDUSTRY DATA (CCRC SALARY AND BENEFITS REPORT, AND ROBERT HALF) AND DATA FROM LDOL TO DETERMINE SALARIES. THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S SALARY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.