2025-09-22T13:48:26-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 222229486 MEADOWOOD CORPORATION MEAD 6105841000 3205 SKIPPACK PIKE PO BOX 670 WORCESTER PA 19490 PAUL NORDEMAN PRESIDENT/CEO 6105841000 2025-09-17 1 0 KERRI N BOGDA P00760402 7177404863 2025-09-02 X 2024 2025-03-06 01:10:19Z PAUL NORDEMAN 3205 SKIPPACK PIKE PO BOX 670 WORCESTER PA 19490 58290940 0 X WWW.MEADOWOOD.NET X 1983 PA TO PROVIDE THE HIGHEST QUALITY OF LIFE FOR ALL WHO EXPERIENCE THE MEADOWOOD COMMUNITY. 18 17 594 73 0 0 861166 514741 43418362 47879853 840315 1754042 378311 20647 45498154 50169283 177782 366618 0 0 19904886 21338940 0 0 0 29183503 30077237 49266171 51782795 -3768017 -1613512 161503411 164874405 177554316 179558549 -16050905 -14684144 X MEADOWOOD IS COMMITTED TO PROVIDE THE HIGHEST QUALITY OF LIFE FOR ALL WHO EXPERIENCE THE MEADOWOOD COMMUNITY. 0 0 46224736 366618 47879853 TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY, WHICH PROVIDES HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO SENIORS THROUGH THE OPERATION OF A 59-BED NURSING FACILITY, A 56-BED PERSONAL CARE FACILITY, 298 RESIDENTIAL APARTMENTS, 42 CARRIAGE HOMES, 52 HYBRID HOMES AND A HOME HEALTH AGENCY. THE CORPORATION'S COMMUNITY IS IN WORCESTER TOWNSHIP, PA. TOTAL RESIDENT DAYS AT THE FACILITY WERE AS FOLLOWS: SKILLED DAYS OF 19,456, ASSISTED LIVING DAYS OF 14,471, MEMORY CARE DAYS OF 7,087 AND INDEPENDENT LIVING DAYS OF 157,386. ALSO, THE HOME HEALTH AGENCY MADE 2,129 VISITS DURING 2024.CONTINUED ON SCHEDULE O.HEALTHCARE SERVICE - PROVIDE RESIDENTS WITH PHYSICIAN CARE, PHYSICAL THERAPY, SPEECH THERAPY, OCCUPATIONAL THERAPY, SKILLED NURSING, PERSONAL CARE, ACTIVITIES, HOME HEALTH, AND OTHER RELATED SERVICES. MAINTENANCE AND OTHER SERVICES - PROVIDE GENERAL MAINTENANCE AND SERVICE REPAIRS TO THE CENTER, INCLUDING DEPRECIATION AND INTEREST EXPENSES. PROVIDE SECURITY, TRANSPORTATION, AND OTHER SERVICES AS NEEDED. DINING SERVICES - PROVIDE DAILY MEALS TO RESIDENTS, PROVIDE FOR SPECIAL DIETARY NEEDS OF RESIDENTS AND SPECIAL FUNCTIONS REQUESTED BY RESIDENTS. PROVIDE COFFEE SHOP FOR RESIDENTS, STAFF AND GUESTS. 46224736 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 24 0 594 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X WANDA MANN CONTROLLER 6105841000 3205 SKIPPACK PIKE PO BOX 670 WORCESTER PA 19490 BRUCE J MCKENNEY CHAIR 2.00 X X 0 0 0 EUGENE D DOLLOFF VICE-CHAIR 2.00 X X 0 0 0 JEREMY C BRENN TREASURER 2.00 X X 0 0 0 PAUL NORDEMAN PRESIDENT/CEO 40.00 X X 470512 0 48483 TODD BEVINGTON DIRECTOR 2.00 X 0 0 0 NANCY BICKEL DIRECTOR 2.00 X 0 0 0 JOSEPH P CHRIST DIRECTOR 2.00 X 0 0 0 ROBERT IRONS DIRECTOR 2.00 X 0 0 0 BARBARA H OST DIRECTOR 2.00 X 0 0 0 JEFFREY S RIEDER DIRECTOR 2.00 X 0 0 0 MARK STRASBURG DIRECTOR 2.00 X 0 0 0 ILENE WARNER-MARON DIRECTOR 2.00 X 0 0 0 ARLENE MCLEAN DIRECTOR 2.00 X 0 0 0 TOM MORGAN DIRECTOR 2.00 X 0 0 0 JIM BEAM SECRETARY 2.00 X X 0 0 0 LARRY DESSEN DIRECTOR 2.00 X 0 0 0 VICTOR ROSE DIRECTOR 2.00 X 0 0 0 LOIS ROTHENBERGER DIRECTOR 2.00 X 0 0 0 STEVEN WISNIEWSKI VP OF FINANCE/CFO 40.00 X 241485 0 21993 REGINA FARRELL VP OF HEALTH CENTER 40.00 X 211980 0 14907 MARLON BACK VP OF MAINTENANCE 40.00 X 186288 0 6644 BARBARA FRITZINGER VP OF HUMAN RESOURCES 40.00 X 186922 0 21414 JOHN KOTSATSO MARKETING SALES REP. 40.00 X 165254 0 4964 JOANN GILVARY MARKETING SALES REP. 40.00 X 140390 0 30575 1602831 0 148980 14 1 1 0 UNIDINE CORPORATION PO BOX 102289 ATLANTA GA 30368 DINING SERVICES 2314144 MOSSREHAB 60 E TOWNSHIP LINE ROAD ELKINS PARK PA 19027 THERAPY SERVICES 747873 PROMARK 1040 CEDAR MEADOW LANE GREEN LANE PA 18054 PAINTING 441095 WILLIAMS ELECTRIC 418 S STONE RIDGE DRIVE LANSDALE PA 19446 ELECTRICIAN 387722 TJ'S OUTDOOR MAINTENANCE PO BOX 1253 SKIPPACK PIKE PA 19474 LANDSCAPING 325387 10 35700 479041 514741 NET RESIDENT SERVICE REVENUE 623000 37957791 37957791 AMORTIZATION OF ENTRANCE FEES 623000 9922062 9922062 47879853 1188469 1188469 278566 278566 47443 39233 8210 8210 8210 8346733 12976 8072702 0 274031 12976 287007 287007 5311 35700 9722 -4411 -4411 INSURANCE PROCEEDS 524298 12509 12509 REBATES 900099 4339 4339 16848 50169283 47879853 0 1774689 366618 366618 782473 782473 16447452 14589159 1858293 381951 315535 66416 2498702 2232842 265860 1228362 1068715 159647 13000 13000 18342 18342 98890 98890 142861 142861 2585605 2161791 423814 50973 50973 1109861 774781 335080 548205 548205 3207783 3207783 70663 43478 27185 78519 31189 47330 3287040 3287040 12873615 12873615 484271 484271 FOOD & BEVERAGES 2267476 2230323 37153 REPAIRS & MAINTENANCE 1761915 1676535 85380 MEDICAL SUPPLIES 524093 524093 PAYROLL CHARGES 241758 241758 712367 356968 355399 51782795 46224736 5558059 0 5887624 4378134 301226 1713896 2718631 2364461 183810 176832 1170472 1305858 234098981 129697610 107928596 104401371 43202070 50302616 110982 231237 161503411 164874405 4538653 7015822 75532277 79071702 69908466 68319504 0 285416 27574920 24866105 177554316 179558549 X -16819893 -15272994 768988 588850 -16050905 -14684144 161503411 164874405 X -1613512 2618226 362046 X 0 1 X 1 0 X 1648431 7512113 860908 861166 328260 11210878 33377658 34438289 40425845 43418362 47879853 199540007 35026089 41950402 41286753 44279528 48208113 210750885 0 0 0 210750885 615902 555903 580774 1143541 1514478 4410598 615902 555903 580774 1143541 1514478 4410598 2697 1094515 418724 22160 1538096 35644688 42506305 42962042 45841793 49744751 216699579 0.97250 0.97480 0.02040 0.01730 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: REBATES CREDITS - 2024 AMOUNT: $ 4,339. INSURANCE PROCEEDS - 2022 AMOUNT: $ 1,094,515. 2023 AMOUNT: $ 418,724. 2024 AMOUNT: $ 12,509. MISCELLANEOUS - 2020 AMOUNT: $ 2,697. FUNDRAISING - 2024 AMOUNT: $ 5,312. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4528547 4528547 188689287 107844157 80845130 32269018 18881003 13388015 8612129 2972450 5639679 104401371 REFUNDABLE ENTRY FEES 23701105 REFUNDABLE DEPOSITS 1165000 24866105 52778154 2618226 -58310 2559916 50218238 -48955 -48955 50169283 51411393 48955 48955 51362438 420356 420356 51782794 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENTS 120,255. BENEVOLENT CARE AND MONTHLY FEE SUBSIDY FOR RESIDENTS -366,618. EMPLOYEE DISCOUNT NETTED AGAINST REVENUE ON FINANCIALS -53,738. NET ASSETS RELEASED 241,791. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -39,233. FUNDRAISING EXPENSES -9,722. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 39,233. FUNDRAISING EXPENSES 9,722. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE AND MONTHLY FEE SUBSIDY FOR RESIDENTS 366,618. EMPLOYEE DISCOUNT NETTED AGAINST REVENUE ON FINANCIALS 53,738. ART SHOW 41011 35700 5311 9722 41011 35700 5311 9722 9722 -4411 1 BENEVOLENT CARE AND MONTHY FEE SUBSIDIES 2 366618 PART I, LINE 2: MEADOWOOD IS COMMITTED TO PROVIDING A COMPREHENSIVE RANGE OF SERVICES TO MEET THE NEEDS OF RESIDENTS, INCLUDING PROVIDING FINANCIAL ASSISTANCE WHEN NEEDED AND IF FUNDS ARE AVAILABLE. AS INDIVIDUAL RESIDENTS LIVE LONGER, OR AS ECONOMIC FORTUNES CHANGE, THE EXPENSES OF SOME RESIDENTS MAY EXCEED THEIR ABILITY TO PAY. IT IS THE POLICY OF MEADOWOOD TO OFFER FINANCIAL ASSISTANCE TO RESIDENTS WHEN FINANCIAL NEED OCCURS. TO THIS END, MEADOWOOD HAS ESTABLISHED A BENEVOLENCE FUND THAT IS INTENDED TO HELP RESIDENTS FINANCIALLY AND TO ASSURE THAT MEADOWOOD ITSELF WILL REMAIN A FINANCIALLY SECURE NOT-FOR-PROFIT RETIREMENT COMMUNITY. A RESIDENT SEEKING FINANCIAL ASSISTANCE FROM THE BENEVOLENT FUND MUST PRESENT CERTAIN FINANCIAL INFORMATION TO THE VICE-PRESIDENT OF FINANCE/CFO, WHO IN TURN WILL MAKE A RECOMMENDATION TO THE FINANCE COMMITTEE. APPROVAL OF THE REQUEST IS GIVEN BY THE FINANCE COMMITTEE, AT THE SOLE DISCRETION OF THE COMMITTEE. RECERTIFICATION OF BENEVOLENT CARE IS PERFORMED AT LEAST ANNUALLY. SUBSIDY FOR BENEVOLENT CARE OR SUBSIDY TO MONTHLY FEE IS CREDITED DIRECTLY TO THE MONTHLY INVOICE. X X X X 0 0 0 0 0 0 0 1 0 PAUL NORDEMAN PRESIDENT/CEO 380512 0 90000 0 0 0 23056 0 25427 0 518995 0 0 0 STEVEN WISNIEWSKI VP OF FINANCE/CFO 227111 0 14374 0 0 0 13327 0 8666 0 263478 0 0 0 REGINA FARRELL VP OF HEALTH CENTER 201980 0 10000 0 0 0 6241 0 8666 0 226887 0 0 0 BARBARA FRITZINGER VP OF HUMAN RESOURCES 174922 0 12000 0 0 0 12748 0 8666 0 208336 0 0 0 MARLON BACK VP OF MAINTENANCE 176288 0 10000 0 0 0 5807 0 837 0 192932 0 0 0 JOANN GILVARY MARKETING SALES REP. 140390 0 0 0 0 0 4214 0 26361 0 170965 0 0 0 JOHN KOTSATSO MARKETING SALES REP. 155254 0 10000 0 0 0 4964 0 0 0 170218 0 0 0 PART I, LINE 7 PAYMENT OF BONUSES IN ANY GIVEN YEAR IS CONTINGENT UPON SATISFACTORY FINANCIAL PERFORMANCE, AS DETERMINED BY THE BOARD OF DIRECTORS. FOR EXTRAORDINARY MANAGEMENT PERFORMANCE AS MEASURED BY FINANCIAL OR QUALITATIVE RESULTS, THE BOARD MAY AUTHORIZE AT THE END OF ANY GIVEN YEAR AN ADDITIONAL AMOUNT TO SUPPLEMENT THE BUDGETED BONUS POOL FOR THE YEAR. IF FINANCIAL PERFORMANCE IS LESS THAN BUDGET, THE BOARD MAY AUTHORIZE A PARTIAL PAYMENT OF THE BUDGETED BONUS AMOUNT BASED UPON PARTIAL ATTAINMENT OF OVERALL FINANCIAL AND QUALITATIVE GOALS. ACCRUED BONUSES WERE PAID TO THE MANAGEMENT TEAM IN 2024 THAT WERE BASED ON EACH MANAGER'S PERFORMANCE. THE PRESIDENT/CEO DETERMINED AND APPROVED THE BONUSES FOR THE MANAGEMENT TEAM AND HIS OWN BONUS WAS DETERMINED AND APPROVED BY THE BOARD. THE PROCESS IS DOCUMENTED BY A BOARD APPROVED POLICY AND THE PAYOUTS ARE DOCUMENTED IN INDIVIDUAL MEMOS. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245725 613609F92 2018-11-08 87230000 SEE PART VI 0 0 0 A 18259008 90542475 4289801 6153 1350276 54018691 29597591 2021 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/08/2023 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (2018) (F) DESCRIPTION OF PURPOSE: CURRENTLY REFUND PRIOR ISSUED BONDS, CAPITAL IMPROVEMENTS SCHEDULE K, PART II, LINE 3: THE GROSS PROCEEDS DIFFER FROM THE STATED BOND VALUES DUE TO BOND PREMIUM INCLUDED AT ISSUANCE AS WELL AS INVESTMENT INCOME EARNINGS. FORM 990, PART VI, SECTION A, LINE 3 - UNIDINE CORPORATION RUNS THE DINING SERVICES PROVIDED AT MEADOWOOD. - GENESIS RUNS THE THERAPY SERVICES PROVIDED AT MEADOWOOD. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND CONTROLLER COORDINATE OBTAINING RESPONSES TO QUESTIONS ON THE FORM 990 AND QUERY THE APPROPRIATE PARTIES. THE DRAFT IS REVIEWED BY THE CFO. THE FINAL VERSION IS REVIEWED WITH THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND SUMMARIZED TO THE FULL BOARD, WHO ALSO RECEIVE A FULL COPY OF THE FINAL VERSION BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, EVERY TRUSTEE AND SENIOR STAFF MEMBER (STRATEGIC TEAM) WILL COMPLETE AN "ANNUAL CONFLICT OF INTEREST AND DISCLOSURE OF RELATED ACTIVITIES STATEMENT". THE PURPOSE OF THE STATEMENT IS TO DISCLOSE ANY INTEREST THAT MAY CREATE A CONFLICT OF INTEREST IN LIGHT OF THEIR RELATIONSHIP WITH MEADOWOOD. THE EXECUTIVE ASSISTANT TO THE CEO REVIEWS ALL SIGNED CONFLICT OF INTEREST FORMS. IF ANY INTEREST IS DISCLOSED ON THE STATEMENTS AND IS DEEMED TO BE A CONCERN BY STAFF OR BOARD MEMBERS, THE BOARD WILL REVIEW THE POTENTIAL CONFLICT AND RECOMMEND ACTION TO MITIGATE THE CONFLICT OR END THE RELATIONSHIP THAT CAUSED THE CONFLICT. FAMILY AND BUSINESS RELATIONSHIPS ARE MENTIONED AS SOURCES OF CONFLICT IN THE POLICY STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 AT YEAR-END, THE PRESIDENT/CEO SUBMITS HIS ASSESSMENT OF HIS ACHIEVEMENT OF HIS GOALS AND ANY OTHER PERTINENT INFORMATION REGARDING HIS RESPONSIBILITIES FOR THE PREVIOUS YEAR TO THE EXECUTIVE COMMITTEE (EC). THE VP OF HUMAN RESOURCES (HR) SUBMITS CURRENT COMPARATIVE WAGE INFORMATION REGARDING OTHER CEOS TO THE EC. THE EC REVIEWS THE CEO'S ASSESSMENT, HR DATA AND, AS NECESSARY, SOLICITS OTHER INFORMATION OR COMMENTS FROM THE STAFF. THE EC MAKES A RECOMMENDATION TO THE BOARD CONCERNING THE CEO'S REVIEW AND THE FOLLOWING YEAR'S COMPENSATION. THE BOARD MEETS IN EXECUTIVE SESSION, REVIEWS THE ENTIRE PROCESS, MAKES A FINAL EVALUATION AND DETERMINES THE NEXT YEAR'S COMPENSATION. THIS PROCESS AND EXECUTIVE SESSION ARE DOCUMENTED IN MEETING MINUTES. THE BOARD CHAIR DELIVERS THE BOARD'S DECISION TO THE CEO. MARKET RATE COMPARISONS ARE ALSO OBTAINED FOR ALL KEY STAFF POSITIONS AND COMMUNICATED TO THE CEO AS PART OF THE ANNUAL REVIEW PROCESS, WHICH ALSO INCLUDES A SELF-EVALUATION, EVALUATION BY THE CEO, AND GOAL SETTING. THE VP OF HUMAN RESOURCES ENSURES THAT THE PROPER RATES ARE PAID. DOCUMENTATION IS IN THE FORM OF A WRITTEN REVIEW. THIS REVIEW IS PERFORMED EVERY YEAR FOR ALL RELEVANT STAFF. FORM 990, PART VI, SECTION C, LINE 19 AN ANNUAL DISCLOSURE STATEMENT INCLUDES THE AUDITED FINANCIAL STATEMENTS AND IS PROVIDED TO ALL PROSPECTIVE RESIDENTS. IT IS ALSO AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AND IN THE COMMUNITY'S LIBRARY. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENTS 120,255. NET ASSETS RELEASED FROM RESTRICTIONS 241,791. MEADOWOOD LIFE PLAN AT HOME LLC 3205 SKIPPACK PIKE WORCESTER PA 194900670 812582891 PROVIDES HOME CARE SERVICES TO ITS MEMBERS PA 389840 1321404 MEADOWOOD CORPORATION