2022-08-01T10:03:57-05:00 2022-03-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2021-04-01 210633410 THE ESTAUGH TA MEDFORD LEAS ESTA 6096543000 ONE MEDFORD LEAS WAY MEDFORD NJ 080552299 JEREMY M VICKERS CEO 6096543000 2022-07-21 1 JEREMY VICKERS 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JEREMY M VICKERS ONE MEDFORD LEAS WAY MEDFORD NJ 080552299 68369022 0 X WWW.MEDFORDLEAS.ORG X 1971 NJ OWN AND OPERATE A CONTINUING CARE RETIREMENT COMMUNITY. 10 10 485 10 108214 0 1092335 3413384 31144098 31793271 1692798 13941104 360912 400846 34290143 49548605 414318 372571 0 0 17352534 16613325 0 0 240479 15464536 16269056 33231388 33254952 1058755 16293653 141992172 142473142 77692667 75389349 64299505 67083793 X TO CREATE AND ADVANCE INDIVIDUAL AND COMMUNITY WELL-BEING FOR PEOPLE AGED 55 YEARS AND OLDER.CONTINUED ON "SCHEDULE O".WE ARE SPONSORED BY THE ESTAUGH, A NOT-FOR-PROFIT CORPORATION FOUNDED IN 1914 BY THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS). WE ARE GUIDED BY QUAKER PRINCIPLES AND HAVE BEEN A LEADER IN QUALITY LIVING SINCE OPENING IN 1971. LIVING AN ACTIVE LIFE AT MEDFORD LEAS IS FURTHER ENRICHED BY OUR COMMITMENT TO QUAKER PRINCIPLES, WHICH ARE FOCUSED ON NURTURING THE PHYSICAL, EMOTIONAL, INTELLECTUAL, SOCIAL AND SPIRITUAL WELL-BEING OF EACH RESIDENT. 0 0 20434206 372571 22089829 MEDFORD LEAS IS A LEADING SENIOR ADULT COMMUNITY SUCCESSFULLY MEETING THE TOTAL LIFESTYLE NEEDS OF ITS RESIDENTS WITH INNOVATIVE AND HIGHLY VALUED PROGRAMS, LIFE ENHANCING AND SUSTAINING SERVICES, TECHNOLOGICAL AND ENVIRONMENTAL ADVANCES, UP TO DATE RESIDENTIAL HOMES AND APARTMENTS AND WELL-EQUIPPED FACILITIES ALL IN HIGHLY DESIRABLE ARBORETUM SETTINGS. MEDFORD LEAS PROVIDES MAINTENANCE-FREE LIVING TO ITS RESIDENTS. PRIMARY SERVICES INCLUDE: HEALTHCARE, DINING, HOUSEKEEPING, LAUNDRY, INTERIOR AND EXTERIOR MAINTENANCE, GROUNDSKEEPING AND SNOW REMOVAL. OTHER SERVICES INCLUDE INDIVIDUALIZED FITNESS, TRANSPORTATION AND A VAST ARRAY OF ACTIVITIES FOR THE RESIDENTS. MEDFORD LEAS IS A COMMUNITY OF APPROXIMATELY 520 RESIDENTS WHO LIVE IN NEARLY 400 HOMES OF VARYING SIZES AND DESIGNS. 8378252 0 9057075 RESIDENT HEALTH CARE: MEDFORD LEAS HAS AN ONSITE OUTPATIENT PRIMARY HEALTH CARE CLINIC. THE ORGANIZATION HAS A FULL-TIME MEDICAL DIRECTOR, PHYSICIAN, AND NURSE PRACTITIONER. SERVICES OFFERED TO RESIDENTS INCLUDE AUDIOLOGY, DENTISTRY, PODIATRY, AND PHARMACY SERVICES, AS WELL AS PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES. IN ADDITION, THE FACILITY HAS WELLNESS FACILITIES INCLUDING AN EXERCISE STUDIO, A FITNESS CENTER, AND SWIMMING POOL. THE ORGANIZATION OFFERS VARIED FITNESS, WELLNESS AND AQUATIC PROGRAMS TO ITS RESIDENTS. 597922 0 646367 MEDFORD LEAS OFFERS A CARING, SUPPORTIVE APPROACH TO SUB-ACUTE NURSING AND REHABILITATION FOLLOWING A HOSPITALIZATION. OUR TOP-NOTCH MEDICAL TEAM OFFERS SKILLED NURSING SERVICES AS WELL AS SHORT- AND LONG-TERM REHAB, OCCUPATIONAL THERAPY AND MORE - HELPING TO NAVIGATE YOUR PATHWAY BACK TO WELLNESS. AT MEDFORD LEAS, OUR IN-PATIENT TREATMENT PHILOSOPHY IS DESIGNED TO GET YOU HOME AS QUICKLY AS POSSIBLE. WE ASSIST RESIDENTS IN REALIZING THEIR HIGHEST POTENTIAL AND THE TEAM WORKS WITH THE RESIDENTS TO SET AND ACHIEVE REALISTIC GOALS, BOTH FOR THE IMMEDIATE AND LONG-TERM FUTURE. 29410380 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 74 0 485 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X ABBY LOFTUS CFO 6096543005 ONE MEDFORD LEAS WAY MEDFORD NJ 080552299 HALEY DRISCOLL CLERK 4.00 X X 0 0 0 NAOJI MORIUCHI ASSOCIATE CLERK 4.00 X X 0 0 0 MARIANNE JOHNSTON ESQ SECRETARY 4.00 X X 0 0 0 SCOTT JONES TREASURER 4.00 X X 0 0 0 WALTER L EVANS TRUSTEE 4.00 X 0 0 0 RICHARD W BELL JR TRUSTEE 4.00 X 0 0 0 MARLENE E HALL TRUSTEE 4.00 X 0 0 0 DIANE SYMCAK TRUSTEE 4.00 X 0 0 0 BOB KREIDER TRUSTEE 4.00 X 0 0 0 FRANCIS MELROY TRUSTEE 4.00 X 0 0 0 JEREMY M VICKERS CHIEF EXECUTIVE OFF./ASST. SEC'Y 40.00 1.00 X 329463 0 30972 ABBY M LOFTUS CHIEF FINANCIAL OFFICER 40.00 1.00 X 206231 0 17204 JAMES D'AMICO MEDICAL DIRECTOR 40.00 X 252004 0 12373 JEFFERY RANALLI PHYSICIAN 40.00 X 210808 0 10572 LISA A HEINKEL HEALTH SERVICES DIRECTOR 40.00 X 139093 0 7188 KIMBERLEE HOFTIEZER DIRECTOR OF HUMAN RESOURCE 40.00 X 131105 0 24381 TERRY FAZIO NURSE PRACTITIONER 40.00 X 124388 0 18463 RUSSELL W PEPE INFORMATION TECHNOLOGY MANAGER 40.00 X 123512 0 14725 1516604 0 135878 14 0 1 0 J NASTASI CONSTRUCTION GROUP 6 ENTERPRISE COURT SEWELL NJ 08080 CONSTRUCTION SERVICES 3572526 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 1239595 LIBERTY BUILDERS COMPANY 316 RIDGE ROAD SOUTHAMPTON NJ 08088 CONSTRUCTION SERVICES 1065662 SELECT REHABILITATION LLC PO BOX 71985 CHICAGO IL 60694 THERAPY SERVICES 965034 SIMMONS PHARMACY CONSULTANTS INC 2171 STANGER AVE WILLIAMSTOWN NJ 08094 PHARMACY SERVICES 387472 11 34133 2957800 421451 103481 3413384 RESIDENT SERVICES 623000 31793271 31793271 31793271 1484863 1484863 53390 1107 22080 0 31310 1107 32417 32417 31243819 23 18787601 0 12456218 23 12456241 12456241 10578 34133 10736 -158 -158 SHARED SERVICES AGMT 900099 108214 108214 TV AND INTERNET 623000 96918 96918 COFFEE SHOP REVENUE 900099 91929 91929 71526 71526 368587 49548605 31793271 108214 14233736 372571 372571 866117 724951 129151 12015 12271343 10271267 1829839 170237 546043 444107 93260 8676 1975886 1653841 294634 27411 953936 798456 142246 13234 11477 11477 57500 57500 939 939 54378 54378 2356208 2163584 192624 216714 216714 698246 568820 126357 3069 82207 14789 67418 1361620 1361620 35677 34518 1159 16141 16141 6492295 6335258 156879 158 392974 392974 PHARMACY & MED. EXP. 1628715 1628715 FOOD COSTS/DINING 1550335 1550335 REPAIRS AND MAINTENANCE 664029 660494 3535 DUES AND SUBSCRIPTIONS 195245 118820 71037 5388 454356 299119 154946 291 33254952 29410380 3604093 240479 358111 697740 5083272 4736193 787269 738999 167861 187903 346174 464054 135657552 63947758 71228212 71709794 60777500 60822026 2943590 2836732 300183 279701 141992172 142473142 3198071 2798226 38034653 35844817 2957800 33502143 36746306 77692667 75389349 X 48156983 50957249 16142522 16126544 64299505 67083793 141992172 142473142 X 16293653 -13402507 -106858 X 0 1 X 1 0 X 307297 204388 1090631 1092335 3413384 6108035 31211699 32095337 33387940 31144098 31793271 159632345 31518996 32299725 34478571 32236433 35206655 165740380 0 0 0 165740380 1961235 2521910 1628801 1199232 1539360 8850538 1961235 2521910 1628801 1199232 1539360 8850538 3395 10189 13584 443929 489788 440672 271146 270951 1916486 33924160 35311423 36548044 33710206 37027155 176520988 0.93890 0.93630 0.05010 0.05200 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: ALL OTHER REVENUE - 2017 AMOUNT: $ 37,935. 2018 AMOUNT: $ 11,413. 2019 AMOUNT: $ 38,015. 2020 AMOUNT: $ 14,691. 2021 AMOUNT: $ 26,858. ACTIVITY FEES - 2017 AMOUNT: $ 6,755. 2018 AMOUNT: $ 5,810. 2019 AMOUNT: $ 4,915. CARPORT CHARGES - 2017 AMOUNT: $ 8,370. 2018 AMOUNT: $ 6,864. 2019 AMOUNT: $ 5,600. 2020 AMOUNT: $ 5,592. 2021 AMOUNT: $ 4,892. COFFEE SHOP REVENUE - 2017 AMOUNT: $ 137,430. 2018 AMOUNT: $ 141,782. 2019 AMOUNT: $ 119,357. 2020 AMOUNT: $ 126,373. 2021 AMOUNT: $ 91,929. EMPLOYEE GUEST CATERING - 2017 AMOUNT: $ 86,493. 2018 AMOUNT: $ 90,804. 2019 AMOUNT: $ 64,085. 2020 AMOUNT: $ 974. 2021 AMOUNT: $ 4,812. PATHWAYS INCOME - 2017 AMOUNT: $ 4,410. 2018 AMOUNT: $ 5,245. 2019 AMOUNT: $ 6,385. SPECIAL EVENTS - 2017 AMOUNT: $ 27,455. 2018 AMOUNT: $ 97,549. 2019 AMOUNT: $ 29,795. 2021 AMOUNT: $ 10,578. TV INTERNET RESIDENT CHARGES - 2017 AMOUNT: $ 135,081. 2018 AMOUNT: $ 130,321. 2019 AMOUNT: $ 115,120. 2020 AMOUNT: $ 103,579. 2021 AMOUNT: $ 96,918. LAUNDRY - 2019 AMOUNT: $ 29,360. 2020 AMOUNT: $ 18,937. 2021 AMOUNT: $ 34,964. GUEST ROOMS ROLL BEDS - 2019 AMOUNT: $ 28,040. PAPER PRODUCTS - 2020 AMOUNT: $ 1,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 939 939 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO THE STATE (LEADINGAGE NJ) ASSOCIATION OF HOMES AND SERVICES FOR THE AGING. A PORTION OF THE DUES ARE USED FOR LOBBYING PURPOSES. THE $939 REPORTED AS LOBBYING EXPENDITURES IS THE PORTION OF THE DUES THAT WERE USED FOR LOBBYING PURPOSES BY LEADINGAGE NJ. 16142522 454203 4866 372571 102476 16126544 12454082 239289 4698679 414318 835210 16142522 14204408 1098326 -1592098 475275 781279 12454082 15431469 297487 -398981 528453 597114 14204408 15070478 322422 1108088 493964 575555 15431469 0.18000 0.82000 0 0 2897712 2897712 116390185 58542943 57847242 7676191 4166710 3509481 8693464 1238105 7455359 71709794 REFUNDABLE MEMBERSHIP FEE 1867000 ADVANCE DEPOSITS 138700 FEE RESERVES 31728979 REFUNDS PAYABLE 3011627 36746306 35546164 -13402507 -632750 -14035257 49581421 -32816 -32816 49548605 32761876 32816 32816 32729060 525892 525892 33254952 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED IN ACCORDANCE WITH DONOR RESTRICTIONS FOR CAPITAL PROJECTS, CONTINUING OPERATIONS, RESIDENT FINANCIAL ASSISTANCE, AND EDUCATION AND NURSING SCHOLARSHIPS. PART XI, LINE 2D - OTHER ADJUSTMENTS: VALUATION LOSSES ON SPLIT INTEREST AGREEMENTS -39,665. VALUATION LOSSES, BENEFICIAL INTEREST IN PERPETUAL TRUSTS -67,193. BENEVOLENT CARE GRANT EXPENSE NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS -372,571. INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS -54,378. NEGATIVE REVENUE RECLASSED TO EXPENSES -98,943. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -22,080. FUNDRAISING EXPENSES -10,736. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 22,080. FUNDRAISING EXPENSES 10,736. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE GRANT EXPENSE NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 372,571. INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 54,378. NEGATIVE REVENUE RECLASSED TO EXPENSES 98,943. GOLF OUTING 44711 34133 10578 9136 1600 44711 34133 10578 9136 1600 10736 -158 1 FINANCIAL ASSISTANCE TO RESIDENTS 16 372571 N/A N/A PART I, LINE 2: RESIDENTS DEMONSTRATING FINANCIAL NEED ARE ELIGIBLE TO RECEIVE MONTHLY SUBSIDIES FROM THE ESTAUGH T/A MEDFORD LEAS. THE ESTAUGH PROVIDES FINANCIAL ASSISTANCE THROUGH DONOR FUNDS SPECIFICALLY RESTRICTED FOR THAT PURPOSE. THE POLICY SETS OUT THAT THE BOARD FINANCE COMMITTEE IS RESPONSIBLE FOR RECOMMENDING TO THE BOARD ANY CHANGES TO THE POLICIES AND CRITERIA FOR DISTRIBUTIONS, AND ALSO NOTES THAT ONGOING ADMINISTRATION OF THE PROGRAM IS THE RESPONSIBILITY OF THE CEO, WHO MAY DELEGATE APPROVING THE AMOUNT OF ASSISTANCE AND MAKING REGULAR REPORTS REGARDING THE PROGRAM TO THE BOARD FINANCE COMMITTEE. FURTHER, THE POLICY SETS OUT CRITERIA FOR ELIGIBILITY TO INCLUDE (BUT NOT LIMITED TO) QUALIFICATION AS A RESIDENCE AND CARE AGREEMENT RESIDENT, ASSET LIMITS ESTABLISHED BY THE BOARD, AND NO HISTORY OF EXCESSIVE SPENDING HABITS OR EXCESSIVE GIFTS OF ASSETS SINCE BEING APPROVED AS A RESIDENT OF MEDFORD LEAS. X X X X X 0 1 0 0 0 0 0 1 0 JEREMY M VICKERS CHIEF EXECUTIVE OFF./ASST. SEC'Y 329463 0 0 0 0 0 8550 0 22422 0 360435 0 0 0 JAMES D'AMICO MEDICAL DIRECTOR 251004 0 1000 0 0 0 7390 0 4983 0 264377 0 0 0 ABBY M LOFTUS CHIEF FINANCIAL OFFICER 192731 0 13500 0 0 0 5667 0 11537 0 223435 0 0 0 JEFFERY RANALLI PHYSICIAN 209868 0 940 0 0 0 6190 0 4382 0 221380 0 0 0 KIMBERLEE HOFTIEZER DIRECTOR OF HUMAN RESOURCE 130105 0 1000 0 0 0 3844 0 20537 0 155486 0 0 0 PART I, LINE 4B THE ORGANIZATION ESTABLISHED A 457(F) PLAN FOR THE CEO DURING 2020. THE ORGANIZATION CONTRIBUTED $97,669.85 TO THE PLAN DURING THE CURRENT PERIOD FOR A THREE YEAR PERIOD (2020-2022). NOTE THAT CONTRIBUTIONS WILL NOT VEST UNTIL THE CEO REACHES AGE 65. PART I, LINE 7 THE ORGANIZATION PROVIDES INCENTIVE COMPENSATION TO THE CEO AS WELL AS CERTAIN MANAGEMENT PERSONNEL. THE INCENTIVE COMPENSATION IS BASED UPON THE ATTAINMENT OF SPECIFIC MEASURABLE GOALS IN ALIGNMENT WITH THE OVERALL RESPONSIBILITIES OF THE RECIPIENT. THIS COMPENSATION IS APPROVED BY THE BOARD OF TRUSTEES. X 2 103481 NYSE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED IN DETAIL BY BOTH THE CEO AND CFO. THE 990 IS THEN CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE ESTAUGH T/A MEFORD LEAS. IT IS THE RESPONSIBILITY OF ALL INDIVIDUALS TO DISCLOSE ANY CONFLICT OR POSSIBLE CONFLICT IMMEDIATELY. THIS DISCLOSURE IS DOCUMENTED AND RECORDED AS PART OF THE MINUTES OR OTHERWISE IS MADE A MATTER OF RECORD. ANY INDIVIDUAL HAVING A POSSIBLE CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE BOARD'S ACTIONS WITH RESPECT TO THAT INTEREST OR USE HIS/HER PERSONAL INFLUENCE IN THE MATTER. SUCH INDIVIDUAL SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING, EVEN WHEN PERMITTED BY LAW. THE MINUTES WILL REFLECT THAT A DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST WAS MADE, THAT THE AFFECTED BOARD MEMBER DID NOT PARTICIPATE IN THE BOARD'S ACTION AND THAT A QUORUM OF THE BOARD WAS PRESENT FOR THE ACTION WITHOUT COUNTING THE AFFECTED BOARD MEMBER. THIS RESOLUTION WILL BE RE-AFFIRMED EACH YEAR AT THE ANNUAL MEETING OF THE BOARD. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. THE CEO REVIEWS THE ANNUAL STATEMENTS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY BY THE BOARD CHAIR OR THE CHAIR OF THE COMMITTEE ON WHICH THE CONFLICT IS RAISED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE PERFORMS THE ANNUAL REVIEW AND APPROVES THE COMPENSATION OF THE CEO. THE EXECUTIVE COMMITTEE USES SURVEYS (AND CONSULTANTS, IF NECESSARY) TO DETERMINE A REASONABLE AND COMPETITIVE SALARY AND BENEFITS FOR THE CEO. THE CEO, TOGETHER WITH THE DIRECTOR OF HUMAN RESOURCES, WILL CONDUCT A SURVEY OF EXECUTIVE COMPENSATION OF MEDFORD LEAS' COMPARISON GROUP EVERY THREE YEARS TO DETERMINE REASONABLE AND COMPETITIVE COMPENSATION FOR EXECUTIVE MANAGMENT POSITIONS, AND MAY ENGAGE A CONSULTANT TO ASSIST IN THE PROCESS. IT IS EXPECTED THAT EACH PERIODIC UPDATE WILL RESULT IN A NORMAL PROGRESSION OF COMPENSATION LEVELS. THE SURVEY MAY OCCUR MORE FREQUENTLY IF COMPENSATION TRENDS AND RECRUITMENT AREAS OR INDUSTRIES CHANGE SIGNIFICANTLY IN PREPARATION FOR CONDUCTING THE SURVEY, THE TOTAL COMPENSATION FOR EACH EXECUTIVE POSITION WILL BE DEFINED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE THE FOLLOWING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST: GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND PUBLIC DISCLOSURE COPY OF THE FORM 990. FORM 990, PART XI, LINE 9: VALUATION LOSSES, SPLIT INTEREST AGREEMENTS -39,665. VALUATION LOSSES, BENEFICIAL INTEREST IN PERPETUAL TRUSTS -67,193. ML HOUSING LLC ONE MEDFORD LEAS WAY MEDFORD NJ 08055 205009139 SOLAR ENERGY NJ THE ESTAUGH TA MEDFORD LEAS C 39200 4557 1.00000 0 BENEFICIAL INTEREST OF 5 PERPETUAL TRUSTS ONE MEDFORD LEAS WAY MEDFORD NJ 08055 INVESTMENT NJ N/A T 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0