2025-08-27T14:50:12-05:00 2024-12-31 113266576 GRASSI & CO CPA'S PC 360 MADISON AVENUE 7TH FLOOR NEW YORK NY 10017 990 2024-01-01 232948992 SIMPSON MEADOWS SIMP 6106600112 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 KENNETH R FRANIAK CFO 6106600112 2025-08-27 1 0 JAIME RAPPS P01462990 2126616166 2025-08-26 2024 2025-03-06 01:10:19Z CAROL E MCKINLEY 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 6606921 0 X WWW.SIMPSONMEADOWS.ORG X 1998 PA TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY. 10 9 173 18 0 0 116516 2750 6088647 6107405 248181 291403 264010 20173 6717354 6421731 0 0 0 0 3142838 3060621 0 0 0 5039674 5150026 8182512 8210647 -1465158 -1788916 15065982 14043211 23091644 22650832 -8025662 -8607621 X SIMPSON MEADOWS 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 6327102 6107405 EXPENSES INCURRED PROVIDING HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF 94 INDEPENDENT LIVING UNITS AND 54 PERSONAL CARE SUITES, 18 OF WHICH ARE DEDICATED TO DEMENTIA CARE. SIMPSON MEADOWS' OPERATIONS ARE LOCATED IN THE TOWNSHIP OF EAST CALN, CHESTER COUNTY, PA. ITS PRIMARY SERVICE AREA INCLUDES CHESTER COUNTY AND SURROUNDING COMMUNITIES. 6327102 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 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 0 1 0 0 0 1 16 0 173 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 0 0 0 0 PA X KENNETH R FRANIAK CFO 6106600112 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 MEREDITH OKENQUIST CHAIR 1.00 5.00 X X 0 0 0 MICHELLE GOLLAPALLI IMMEDIATE PAST CHAIR 1.00 5.00 X X 0 0 0 RICK HELLBERG TREASURER 1.00 5.00 X X 0 0 0 DALINDA LOVE SECRETARY 1.00 5.00 X X 0 0 0 REV DAVID W BROWN DIRECTOR 1.00 5.00 X 0 0 0 JOHN P DIMAGGIO DIRECTOR 1.00 5.00 X 0 0 0 ALAIN DUROSEAU DIRECTOR 1.00 5.00 X 0 0 0 MICHAEL SHARP DIRECTOR 1.00 5.00 X 0 0 0 MARCIA STANFORD DIRECTOR 1.00 5.00 X 0 0 0 CAROL MCKINLEY PRESIDENT/CEO 1.00 39.00 X X 0 415558 15859 KENNETH FRANIAK CHIEF FINANCIAL OFFICER 1.00 39.00 X 0 349023 20760 TIMOTHY MCCRACKEN EXECUTIVE DIRECTOR 40.00 X 134776 0 5391 LAURA KASAL DIRECTOR OF SALES AND MARKETING 40.00 X 112387 0 15888 RHONDA NEWSOME LPN 40.00 X 110919 0 6952 358082 764581 64850 3 0 1 0 SODEXO INC AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 DINING SERVICES 813973 TWOMAGNETS INC DBA CLIPBOARD HEALTH PO BOX 103125 PASADENA CA 911893125 NURSE STAFFING 300326 KEYSTONE HEALTH PLAN EAST PO BOX 8500 PHILADELPHIA PA 191783092 HEALTH INSURANCE 251332 MAC FLOORING CORP 706 APRICOT LANE WEST CHESTER PA 19380 FLOORING CONTRACTOR 209434 OPS SECURITY GROUP 424 EAST ELM STREET CONSHOHOCKEN PA 19428 SECURITY SERVICES 108890 7 2750 2750 NET RESIDENT SERVICES 623000 5800121 5800121 AMORT OF ENTRANCE FEES 623000 307284 307284 6107405 64928 64928 411665 185190 226475 226475 226475 MISCELLANEOUS INCOME 900099 20173 20173 20173 6421731 6107405 0 311576 X 2590490 2237378 353112 31337 18410 12927 203028 186235 16793 235766 204496 31270 590067 454 589613 77873 77873 30535 30535 1569485 1076578 492907 93520 63908 29612 51191 45976 5215 472482 471230 1252 5189 3394 1795 17344 2021 15323 330082 330082 906694 906694 184401 5136 179265 FOOD/NUTRITION 339657 328439 11218 MEDICAL SUPPLIES 145016 145016 REPAIRS & MAINTENANCE 135333 134972 361 TRASH REMOVAL 59394 59394 141763 107289 34474 8210647 6327102 1883545 0 466274 356813 54253 119420 123626 143027 24646218 18289141 6723331 6357077 3095116 2879602 4603382 4187272 15065982 14043211 821256 1949169 1337006 1519999 7186283 7006233 13747099 12175431 23091644 22650832 X -9506015 -10321820 1480353 1714199 -8025662 -8607621 15065982 14043211 -1788916 1104 1205853 0 X X 0 1 X 1 0 X 360990 362026 110 116516 2750 842392 5784028 5890198 6360235 6088647 6107405 30230513 6145018 6252224 6360345 6205163 6110155 31072905 0 0 0 31072905 33156 16896 23595 65245 64928 203820 33156 16896 23595 65245 64928 203820 127016 100153 147313 264010 20173 658665 6305190 6369273 6531253 6534418 6195256 31935390 0.97300 0.97070 0.00640 0.00610 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FOOD SERVICE REVENUE - 2020 AMOUNT: $ 60,147. 2021 AMOUNT: $ 56,983. 2022 AMOUNT: $ 55,174. 2023 AMOUNT: $ 171,498. BARBER BEAUTY REVENUE - 2020 AMOUNT: $ 23,547. 2021 AMOUNT: $ 32,656. 2022 AMOUNT: $ 29,633. 2023 AMOUNT: $ 23,381. MAINTENANCE REVENUE - 2020 AMOUNT: $ 4,051. 2021 AMOUNT: $ 6,605. 2022 AMOUNT: $ 7,084. 2023 AMOUNT: $ 8,143. OTHER INCOME - 2020 AMOUNT: $ 4,595. 2021 AMOUNT: $ 3,909. 2022 AMOUNT: $ 55,422. 2023 AMOUNT: $ 60,988. 2024 AMOUNT: $ 20,173. BAD DEBT RECOVERY - 2020 AMOUNT: $ 34,676. 357110 204827 78835 483102 56347 378548 77785 357110 267810 550 -212013 56347 267810 267810 0.82000 0.18000 0 0 599166 599166 20007007 14797676 5209331 3772267 3256963 515304 267778 234502 33276 6357077 DUE FROM AFFILIATES 4187272 4187272 REFUNDABLE ADVANCE FEE LIABILITY AND DEPOSITS 12030989 SECURITIES AND OTHER DEPOSITS 144442 12175431 X 6422835 1104 1104 6421731 0 6421731 8210647 0 8210647 0 8210647 PART V, LINE 4: THE ORGANIZATION HAS DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED TO HELP FUND VARIOUS PROJECTS AT THE ORGANIZATION. PART X, LINE 2: SIMPSON MEADOWS HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SIMPSON MEADOWS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 0 0 0 0 0 0 0 0 0 CAROL MCKINLEY PRESIDENT/CEO 0 415558 0 0 0 0 0 13800 0 2059 0 431417 0 0 KENNETH FRANIAK CHIEF FINANCIAL OFFICER 0 349023 0 0 0 0 0 13800 0 6960 0 369783 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 7019577 SEE PART VI 0 0 0 B CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY 232265260 165579GQ0 2019-12-30 255022 SEE PART VI 0 0 0 C CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY 232265260 2021-11-18 4427367 SEE PART VI 0 0 0 A 4202380 7019577 133345 558942 6327290 2015 1 0 1 1 B 328 255022 5398 249624 2022 0 0 0 1 C 131416 4427367 152788 145960 717726 3333069 77824 2022 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 0 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 HER ANNUAL COMPENSATION. A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITION UTILIZING LEADING AGE PA, LEADING AGE NATIONAL, AND CEO 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 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 IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 584,470. MANAGEMENT AND GENERAL EXPENSES 449,530. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,034,000. MEDICAL DIRECTOR: PROGRAM SERVICE EXPENSES 7,200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,200. PAYROLL SERVICE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 43,377. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,377. NURSING AGENCY: PROGRAM SERVICE EXPENSES 484,908. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 484,908. FORM 990 PART XIII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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 JENNER'S POND INC 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 231548106 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 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 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 N/A 0 0 SIMPSON THERAPY SERVICES LLC 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 881987119 PROVIDES COMPREHENSIVE THERAPY SERVICES PA N/A 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