2022-11-15T09:05:05-06:00 2021-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2021-01-01 231548106 JENNER'S POND INC JENN 6106600112 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 KENNETH R FRANIAK CFO 6106100112 2022-11-14 1 KENNETH FRANIAK 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CAROL E MCKINLEY 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 39628668 0 X WWW.SIMPSONSENIOR.ORG X 1997 PA TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY. 10 9 392 18 0 0 108677 280187 22788107 23879161 612477 4132321 1426637 644015 24935898 28935684 250 0 0 0 8243577 7959846 0 0 0 18608972 18592256 26852799 26552102 -1916901 2383582 74619095 78927018 122942548 126489967 -48323453 -47562949 X JENNER'S POND 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 INTEGRITY. CONTINUED ON SCHEDULE O.WE ARE COMMITTED TO OFFERING OUR RESIDENTS AND STAFF OPPORTUNITIES FOR PERSONAL GROWTH AND SPIRITUAL ENRICHMENT. 0 0 23162529 0 23879161 JENNER'S POND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF 162 RESIDENTIAL COTTAGES, 116 APARTMENTS, 59 ASSISTED LIVING SUITES, OF WHICH 12 SUITES HAVE BEEN DESIGNATED FOR DEMENTIA CARE, AND 36 SKILLED NURSING BEDS. THE PRIMARY SERVICE AREA INCLUDES CHESTER COUNTY AND SURROUNDING COMMUNITIES.BENEVOLENT CARE PROVIDED FOR THE YEAR 2021 BENEFITTED RESIDENTS TOTALING $52,056. 23162529 1 1 0 1 0 0 0 0 0 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 1 1 0 0 0 1 11 0 392 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 REV JAMES D ANDERMAN CHAIR 1.00 5.00 X X 0 0 0 MICHELLE GOLLAPALLI VICE CHAIR 1.00 5.00 X X 0 0 0 BRAD DAGGERT SECRETARY 1.00 5.00 X X 0 0 0 RICK HELLBERG TREASURER 1.00 5.00 X X 0 0 0 JANIS MOORE CAMPBELL PHD IMMEDIATE PAST CHAIR (UNTIL 11/21) 1.00 5.00 X X 0 0 0 CAROL E MCKINLEY PHD PRESIDENT/CEO 1.00 39.00 X X 0 379529 16287 MEREDITH OKENQUIST 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 DALINDA LOVE DIRECTOR 1.00 5.00 X 0 0 0 JOHN DIMAGGIO DIRECTOR 1.00 5.00 X 0 0 0 MARK AGUILAR CFO (UNTIL 07/21) 1.00 39.00 X 0 196261 11938 KENNETH R FRANIAK CFO (BEG. 08/21) 1.00 39.00 X 0 108906 2567 DOUGLAS L FLASHER CHIEF OPERATING OFFICER 1.00 39.00 X 0 270215 8958 DEVON JOSEPH BENNETT HEALTH CARE ADMINISTRATOR 40.00 X 113089 0 9576 JENNIFER MARIE TORRENCE LICENSED PRACTICAL NURSE 40.00 X 103378 0 11765 216467 954911 61091 2 0 1 0 SIMPSON SENIOR SERVICES 150 MONUMENT RD STE 202 BALA CYNWYD PA 19004 MANAGEMENT SERVICES 1213833 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD STE 200 KNOXVILLE TN 37932 THERAPY SERVICES 863956 UNIDINE LIFESTYLES PO BOX 102289 ATLANTA GA 30368 DIETARY & HOUSEKEEPING SERVICES 836074 SALVADORE ENTERPRISES LLC 501 COVERED BRIDGE LANE OXFORD PA 19363 BUILDING/REMODELING CONTRACTOR SERVICES 712383 KEYSTONE HEALTH PLAN EAST PO BOX 8500 PHILADELPHIA PA 19178 HEALTH CARE SERVICES 572748 38 55908 224279 280187 NET RESIDENT SERVICE REVENUE 623000 19600009 19600009 AMORTIZATION OF ENTRANCE FEES 623000 4279152 4279152 23879161 151771 151771 3000 3000 0 14670534 10689984 3980550 3980550 3980550 FOOD SERVICE REVENUE 722514 569793 569793 BARBER & BEAUTY REVENUE 812900 35082 35082 TELEPHONE REVENUE 900099 7196 7196 31944 31944 644015 28935684 23879161 0 4776336 6519227 6092511 426716 160398 150405 9993 794429 743693 50736 485792 455348 30444 1971805 503358 1468447 36525 36525 45837 45837 1658 1658 1903150 1420872 482278 4714 4714 293289 271001 22288 378756 35000 343756 2052295 2052295 135731 135257 474 40749 30164 10585 1886769 1886769 5127173 5127173 564277 373952 190325 FOOD/NUTRITION 975713 975713 RESIDENT EXPENSES 862024 862024 BAD DEBT EXPENSE 575000 575000 REPAIRS & MAINTENANCE 475953 475953 1260838 996041 264797 26552102 23162529 3389573 0 1887285 1804655 1491570 1345910 637657 811615 117331151 72682781 47247930 44648370 17266108 21073798 6088545 9242670 74619095 78927018 2854270 3377258 26649498 24692824 40994074 46800778 52444706 51619107 122942548 126489967 X -52860183 -52880277 4536730 5317328 -48323453 -47562949 74619095 78927018 X 2383582 -1974562 351484 X 0 1 X 1 0 X 116403 154648 455346 810370 280187 1816954 22318161 21551066 23489793 22788107 23879161 114026288 22434564 21705714 23945139 23598477 24159348 115843242 0 0 0 115843242 272468 301271 172910 235173 154771 1136593 272468 301271 172910 235173 154771 1136593 718559 1167609 715156 724944 644015 3970283 23425591 23174594 24833205 24558594 24958134 120950118 0.95780 0.95170 0.00940 0.01320 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FOOD SERVICE REVENUE - 2017 AMOUNT: $ 606,769. 2018 AMOUNT: $ 593,557. 2019 AMOUNT: $ 600,054. 2020 AMOUNT: $ 643,213. 2021 AMOUNT: $ 569,793. BARBER BEAUTY REVENUE - 2017 AMOUNT: $ 83,770. 2018 AMOUNT: $ 76,684. 2019 AMOUNT: $ 75,514. 2020 AMOUNT: $ 34,921. 2021 AMOUNT: $ 35,082. MAINTENANCE REVENUE - 2017 AMOUNT: $ 21,265. 2018 AMOUNT: $ 478,694. 2019 AMOUNT: $ 15,948. 2020 AMOUNT: $ 15,948. ALL OTHER REVENUE - 2017 AMOUNT: $ 6,755. 2018 AMOUNT: $ 18,674. 2019 AMOUNT: $ 23,640. 2020 AMOUNT: $ 30,862. 2021 AMOUNT: $ 31,944. TELEPHONE REVENUE - 2021 AMOUNT: $ 7,196. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1658 1658 0 PART II-B, LINE 1: JENNER'S POND PAYS MEMBERSHIP DUES TO LEADINGAGE PA, A PORTION OF WHICH IS USED FOR LOBBYING PURPOSES. 2365016 2365016 97832259 58688671 39143588 11775018 9926209 1848809 5358858 4067901 1290957 44648370 DUE FROM AFFILIATES 9242670 9242670 DEPOSITS 174448 REFUNDABLE ADVANCE FEE LIABILITY 51444659 51619107 27576826 -1974562 612704 -1361858 28938684 -3000 -3000 28935684 26816322 264220 264220 26552102 0 26552102 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF DERIVATIVE FINANCIAL INSTRUMENTS 612,704. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -3,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,000. LOSS ON REFINANCING OF DEBT 261,220. 0 0 0 0 0 0 0 0 0 CAROL E MCKINLEY PHD PRESIDENT/CEO 0 379529 0 0 0 0 0 0 0 16287 0 395816 0 0 DOUGLAS L FLASHER CHIEF OPERATING OFFICER 0 260215 0 10000 0 0 0 0 0 8958 0 279173 0 0 MARK AGUILAR CFO (UNTIL 07/21) 0 186261 0 10000 0 0 0 0 0 11938 0 208199 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 40370756 SEE PART VI 0 0 0 B CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY 232265260 165579GQ0 2019-12-30 5337848 SEE PART VI 0 0 0 C CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY 232265260 2021-11-18 24779253 SEE PART VI 0 0 0 A 23320258 40370756 800069 268147 37727315 2015 1 0 1 1 B 20000 5337848 114364 1018658 4204770 2022 0 0 0 1 C 24779253 873447 242884 4044284 19102486 516152 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 DERIVATIVE FINANCIAL INSTRUMENTS 612,704. LOSS ON REFINANCING OF DEBT -261,220. SMARTER SERVICES LLC 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 272528578 TO PROVIDE HOME AND COMMUNITY BASED SERVICES TO INDIVIDUALS IN ITS PRIMARY PA 0 18785 JENNER'S POND INC 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 HOUSE INC 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 231352227 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 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 THIRD CENTURY SERVICES 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232948457 PROVIDE MAINTENANCE AND 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 DAY 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 OF 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 OF 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