2020-07-15T11:57:20-05:00 2019-12-31 990 2019-01-01 251380305 BELLMEAD HOUSING CORPORATION BELL 4128266529 1215 HULTON ROAD OAKMONT PA 15139 PAUL WINKLER PRESIDENT 4128266004 2020-07-15 63.131.103.2 2020-07-15 12:57:12 ED P 21A0CECDADFB27117B9753E262021B1595A016D5 F52C8B4B2394BF14868815C13E286D88AA3A9E22 2019 2021-01-29 14:40:06Z PAUL WINKLER 1215 HULTON ROAD OAKMONT PA 15139 11407330 0 X N/A X 1980 PA Subsidized housing & supportive services for eligible low-income seniors. X 7 4 0 40 0 0 35 921647 1422705 440418 377 7362179 0 0 1423117 8724244 0 0 0 0 314600 244342 0 0 0 1158124 1111363 1472724 1355705 -49607 7368539 2282450 3847451 5955791 152253 -3673341 3695198 X HUD subsidized affordable housing with supportive services for low income seniors who meet the income eligibility requirements of the HUD 202 Section 8 program.SeniorCare Network manages this community and provides or assists in the provision of services to meet individual resident needs. Typically,even though this community is a supportive housing facility, between 50-70% of our residents ae considered frail or at risk. To address these issues and the needs of those residing in this community, we employ a Service Coordinator to work with each resident as appropriate. The Service Coordinator assesses the needs of each resident and makes referrals to appropriate resources, such as families, senior centers, churches and other community groups. SeniorCare Network is an affiliate of Presbyterian SeniorCare, a not-for-profit, charitable organization established on January 25, 1928 which provides facilities, services and programs for enhancing the quality of life of older adults. 0 1 1239977 7802332 Community provides affordable supportive housing for seniors who meet the income eligibility requirements of the HUD 202 Section 8 program. 100% of the 115-120 residents served daily meet these guidelines. The three most common areas where residents need assistance are transportation, housekeeping, and meals. Other services include social service coordination and other supportive and preventative programs to assist residents to age with choice, such as medication management, bathing, and IDL support. In addition, there is also a focus on prevention through education, health screenings, and wellness and activity programs to support the health of the community. 1239977 1 1 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MIKES STOKES 4128266529 1215 HULTON ROAD OAKMONT PA 15116 David J Lowe Esq Director and Chairman 0.10 X 0 0 0 Michael Luckett Director and Vice-Chairman 0.10 X 0 0 0 Paul M Winkler Director and President 1.00 X X 0 397091 23731 James B Pieffer Director and Secretary 1.00 X X 0 278561 30958 Joseph W Wenger Director and Secretary 1.00 X X 0 249494 18839 Barbara Sullivan Director 0.10 X 0 0 0 Stefani Danes Director 0.10 X 0 0 0 0 925146 73528 0 0 1 0 Belfor Property Restoration 1100 Cuddy Lane Cuddy PA 15031 Restoration Services 189995 1 921623 24 921647 Rental Income 624200 424962 424962 Laundry/Other Income 624200 15456 15456 440418 265 265 10045000 2683086 7361914 7361914 7361914 8724244 7802332 0 265 193553 193553 5680 5680 28764 28764 16345 16345 92543 92543 7603 7603 6290 6290 8499 8499 27092 27092 9292 9292 113909 113909 11569 11569 4585 4585 194117 194117 296215 296215 64856 64856 REPAIRS AND MAINTENANCE 130479 130479 WELLNESS EXPENSE 69575 69575 EQUIPMENT RENTAL AND MA 52821 52821 FOOD 8344 8344 13574 13574 1355705 1239977 115728 0 186 536329 515195 545340 631 2765098 26638 684 0 1739800 2282450 3847451 132047 152253 5784804 38940 0 5955791 152253 X -3673341 3695198 -3673341 3695198 2282450 3847451 7368539 0 X X 0 1 X 1 1 1 X 921608 951447 958404 972594 921647 4725700 430474 490584 451157 450146 440418 2262779 1352082 1442031 1409561 1422740 1362065 6988479 0 0 0 6988479 136 133 269 377 265 1180 136 133 269 377 265 1180 1352218 1442164 1409830 1423117 1362330 6989659 0.99980 0.99980 0.00020 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1362330 0 1362330 7361914 7361914 8724244 1362146 6441 6441 1355705 0 1355705 Part X, Line 2: Bellmead accounts for uncertainty in income taxes by using a recognition threshold of more-likely-than-not to be a recognition threshold of more-likely-than-not to be a recognition threshold of more-likely-than-not to be a recognition threshold of more-likely-than-not to be there were no tax uncertainties that met the recognition threshold in 2019. Part XI, Line 4b - Other Adjustments: Gain on December 13, 2019 sale of building after the audit. Part XII, Line 2d - Other Adjustments: Post Audit adjustments after December 13, 2019 sale Part XI, Line 4b Gain on December 13, 2019 sale of the building after the audit was completed on December 12, 2019. See Part III, line 3 of the 990, Schedule O explanation, plus schedule N for details of this transaction. Part XII, Line 2d Post Audit adjustments between December 13th and December 31st, after the December 13, 2019 sale of the building. The HUD required audit was completed as of December 12, 2019 before the sale and cease of operations under the HUD section 202 program. See Part III, Line 3 Schedule O explanation, plus Schedule N for details of the tranaction. 0 0 0 0 0 0 0 0 0 Paul M Winkler Director and President 0 397091 0 0 0 0 0 11200 0 12531 0 420822 0 0 James B Pieffer Director and Secretary 0 278561 0 0 0 0 0 11020 0 19938 0 309519 0 0 Joseph W Wenger Director and Secretary 0 249494 0 0 0 0 0 9858 0 8981 0 268333 0 0 Part I, Line 3 The sole member of the organization, Presbyterian Seniorcare, has an executive committee that establishes the compensation of the CEO and all officers, using compensation data from the national chapter of the Leading Age Association annual leadership compensation survey. This survey includes data from the country's largest non-profit long-term care systems. We benchmark our salaries with peer groups our size within the study, utilizing the 50th percentile as our target goal. All compensation for the CEO, officers and all key employeees is approved by the board of directors of Presbyterian Seniorcare after review of all information. Land and Hud Section 202 elderly affordable 121 unit apartment building. 2019-12-13 10045000 An certified appraisal was completed 834608196 Presby SeniorCare Portfolio LP 1215 Hulton Road Oakmont PA 15139 Taxable Limited Partnership 1 0 0 0 Part II, Line 2e: Person(s) Involved: Seven Individuals Part II, Line 2e: Explanation of Involvement: The 7 individuals who were on the Bellmead Apartments board, 3 of whom were also officers, were transferred to the successor board with the same positions, since the successor organization is also an affiliate of Presbyterian SeniorCare. None of the board members and officers receive any compensation for this from the successor organization. The individuals are as follows:David J Lowe, Esq Director and ChairmanMichael Luckett Director and Vice ChairmanPaul M Winkler Director and PresidentJames B Pieffer Director and SecretaryJoseph A Wenger Director and TreasurerStefani Danes DirectorBarbara Sullivan Director Part II, Line 1 As further described below the 121 unit apartment building was sold on December 13, 2019 and operations of the HUD section 202 low income housing project ended on that date. As required by HUD regulations an audit was conducted on December 12, 2019 prior to the ceasing of operations as a HUD Section 202 housing project. In early 2019, Presbyterian SeniorCare (PSC), a charitable 501(c)(3) organization serving elderly seniors (EIN# 25-0969422), as sponsor of five aging (25 years plus) HUD 202 elderly affordable housing communities, began to explore opportunities to upgrade and preserve these communities for the future service of low-income seniors. Bellmead Housing Corporation (dba) Bellmead Apartments, is one of these five communities.PSC established a relationship with a group called Community Preservation Partners (CPP) who specializes in preserving affordable housing. A plan was developed to sell these communities to a newly established affiliate of PSC called Presbyterian SeniorCare Portfolio, LP. (PSP), a taxable limited partnership (EIN# 83-4608196).Through a combination of financing tools including a Freddie MAC loan; 4% Low Income Housing Tax Credits; and a Seller Note from PSC, the five communities were sold to PSP. Bellmead Apartments was sold for $10,045,000, and of this amount $2,765,098 was accepted as a note receivable. $5,819,385 of the balance of the proceeds was used to pay off the existing HUD mortgage. This transaction occurred on December 13, 2019.The value of each community was established through a certified appraiser. The capital needs of each community were based on a professional capital needs assessment by a qualified engineering consulting organization.The benefits to the affordable housing communities included over $13M in renovations to improve the five communities; increase accessibility and energy efficiency. Each community also reviewed a new 20-year Housing Assistance Payment (HAP) Agreement which guaranteed that these communities would remain affordable. Residents would pay only 30% of their adjusted income in rents.Presbyterian SeniorCare Foundation, an affilate of PSC, will receive a portion of the financial benefit to help support its mission to provide affordable housing models and preserve existing affordable communities. Form 990, Part III, line 3 As further described below the 121 unit apartment building was sold on December 13, 2019 and operations of the HUD section 202 low income housing project ended on that date. As required by HUD regulations an audit was conducted on December 12, 2019 prior to the ceasing of operations as a HUD Section 202 housing project. In early 2019, Presbyterian SeniorCare (PSC), a charitable 501(c)(3) organization serving elderly seniors (EIN# 25-0969422), as sponsor of five aging (25 years plus) HUD 202 elderly affordable housing communities, began to explore opportunities to upgrade and preserve these communities for the future service of low-income seniors. Bellmead Housing Corporation (dba) Bellmead Apartments, is one of these five communities. PSC established a relationship with a group called Community Preservation Partners (CPP) who specializes in preserving affordable housing. A plan was developed to sell these communities to a newly established affiliate of PSC called Presbyterian SeniorCare Portfolio, LP. (PSP), a taxable limited partnership (EIN# 83-4608196). Through a combination of financing tools including a Freddie MAC loan; 4% Low Income Housing Tax Credits; and a Seller Note from PSC, the five communities were sold to PSP. Bellmead Apartments was sold for $10,045,000, and of this amount $2,765,098 was accepted as a note receivable. $5,819,385 of the balance of the proceeds was used to pay off the existing HUD mortgage. This transaction occurred on December 13, 2019. The value of each community was established through a certified appraiser. The capital needs of each community were based on a professional capital needs assessment by a qualified engineering consulting organization. The benefits to the affordable housing communities included over $13M in renovations to improve the five communities; increase accessibility and energy efficiency. Each community also received a new 20-year Housing Assistance Payment (HAP) Agreement which guaranteed that these communities would remain affordable. Residents will pay only 30% of their adjusted income in rents. Presbyterian SeniorCare Foundation, an affiliate of PSC, will receive a portion of the financial benefit to help support its mission to provide affordable housing models and preserve existing affordable communities. Form 990, Part VI, Section A, line 3 Managed by Seniorcare Network, Inc., a non-profit housing management company which is an affiliate corporation of Presbyterian Seniorcare, the sole member of Bellmead Housing Corporation Form 990, Part VI, Section A, line 6 The organization is a non-stock Pennsylvania non-profit corporation. The sole member of the organization is Presbyterian Seniorcare, a tax exempt 501(c)(3)organization, Fed ID no 25-0969422. Form 990, Part VI, Section A, line 7a The organization has one member who elects the members of the board of directors. The member, Presbyterian Seniorcare, is an exempt 501(c)(3)organization. Form 990, Part VI, Section B, line 11b A copy of the Form 990 was provided directly or emailed to each director of the board prior to filing of the Form 990. No review was or will be conducted. Form 990, Part VI, Section B, line 12c The organization has a written conflict of interest policy. All officers, directors and key employees are required to complete a conflict of interest questionnaire annually. The questionnaires are then reviewed by the governance committee of the sole member, Presbyterian Seniorcare, which then communicates any findings to the Bellmead Housing Corporation board for any corrective action needed. To date we have had no unresolved conflict of interest problems. Form 990, Part VI, Section B, line 15 The sole member of the organization, Presbyterian Seniorcare, has a management compensation policy and philosophy in place. The executive committee of the board is charged with conducting and monitoring this policy. They utilize compensation data from the national chapter of the Leading Age Association annual leadership compensation survey. This survey includes data from the country's largest non-profit long-term care systems. We benchmark our salaries with peer groups our size within the study, utilizing the 50th percentile as our target goal. All compensation for the CEO, officers and other key eimployees is approved by the board of directors after review of all information. All other employees are benchmarked against state and local association data. No independent board members are compensated in any way. 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. We will make copies of requested documents at IRS approved rates per page, or the requestor may come to the offices to review the documents. Part XII, Line 2c The organization uses Baker Tilly Virchow Krause, a national firm, as their independent auditor. The sole member, Presbyterian Seniorcare, has an audit committee that meets to review the annual audited financial statement with Baker Tilly Virchow Krause. They also have a private session, without management present, with the auditors at that meeting. The committee chooses the auditing firm, and approves their fee. A management letter, if there are any management comments, is prepared by Baker Tilly Virchow Krause, and reviewed with the committee. Corrective action is documented, if needed. The audit committee is independent of management. Presbyterian SeniorCare 1215 Hulton Road Oakmont PA 15139 250969422 Elderly Healthcare and Housing PA 501(C)(3) Line 11 0 Presbyterian Medical Center of Washington Pa 1215 Hulton Road Oakmont PA 15139 251413291 Long-Term Nursing Care PA 501(C)(3) Line 11 0 Presbyterian Seniorcare Foundation 1215 Hulton Road Oakmont PA 15139 562289600 Supporting Organization PA 501(c)(3) Line 12b, II 0 Envisage Life 1215 Hulton Road Oakmont PA 15139 113643210 Continuing Care Retirement Community PA 501(c)(3) Line 11 0 Longwood at Oakmont Inc 500 Route 909 Route PA 15147 232605414 Continuing Care Retirement Community PA 501(c)(3) Line 11 0 Presbyterian Medical Center of Oakmont Pa Inc 1215 Hulton Road Oakmont PA 15139 251469798 Nursing Home PA 501(c)(3) Line 11 0 Butler Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 251423015 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Saxonburg Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 251589215 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Plum Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 251471814 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Center Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 251620513 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Plum Presbyterian Supportive Housing Inc 1215 Hulton Road Oakmont PA 15139 251711435 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Baden Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 311587613 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Slippery Rock Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 251772839 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Castle Shannon Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 311587456 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Mckeesport Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 311488599 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Franklin Twp Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 251550102 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Encore Living Group Inc 1215 Hulton Road Oakmont PA 15139 251495780 Elderly Housing PA 501(c)(3) Line 11 0 McDonald Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 251649199 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 East Liberty Supportive Housing Inc 1215 Hulton Road Oakmont PA 15139 251705970 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Manchester Supportive Housing Inc 1215 Hulton Road Oakmont PA 15139 251662399 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Community Partnerships for Housing Services Inc 1215 Hulton Road Oakmont PA 15139 311521653 Low Income Elderly Tax Credit Financed Housing PA 501(c)(3) Line 11 0 Bessemer Terrace House Corporation 1215 Hulton Road Oakmont PA 15139 251432873 Elderly Personal Care PA 501(c)(3) Line 11 0 Hope House Corporation 1215 Hulton Road Oakmont PA 15139 251597605 Elderly Personal Care PA 501(c)(3) Line 11 0 Spring Valley House Corporation 1215 Hulton Road Oakmont PA 15139 232361320 Elderly Personal Care PA 501(c)(3) Line 11 0 Allegheny Widows Home Association 1215 Hulton Road Oakmont PA 15139 251026837 Supporting Organization PA 501(c)(3) Line 11 0 Meadowlake Corporation 1215 Hulton Road Oakmont PA 15139 251636328 Housing for the Elderly PA 501(c)(3) Line 11 0 Parker Presbyterian Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 251705428 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 SeniorCare at Home 1215 Hulton Road oakmont PA 15139 273673530 Elderly Home Care PA 501(c)(3) Line 11 0 Shenango Presbyterian SeniorCare 238 South Market Street New Wilmington PA 16142 251189696 continuing Care Retirement Community PA 501(c)(3) Line 11 0 Presbyterian Homes of Lake Erie 1225 School Road Erie PA 16505 250979369 continuing Care Retirement Community PA 501(c)(3) Line 11 0 Unlimited Senior Housing Inc 1215 Hulton Road Oakmont PA 15139 251703571 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Unlimited Housing for the Elderly 1215 Hulton Road Oakmont PA 15139 222846078 Low Income Elderly HUD Housing PA 501(c)(3) Line 11 0 Presbyterian SeniorCare Portfolio LP 1215 Hulton Road Oakmont PA 15139 834608196 Low Income Elderly Tax Credit Housing PA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 PRESBYTERIAN SENIORCARE P 595508 Actual Cost