2025-11-04T11:16:24-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-01-01 540591600 SUNNYSIDE PRESBYTERIAN HOME SUNN 5405688600 600 UNIVERSITY BLVD STE L HARRISONBURG VA 22801 CATHERINE SYMANSKI CHIEF FINANCIAL OFFICER 5405688600 2025-11-03 1 0 KATARZYNA O PADZIK P02268641 7819821001 2025-11-03 2024 2025-03-06 01:10:19Z SUNNYSIDE COMMUNITIES CATHERINE SYMANSKI 600 UNIVERSITY BLVD STE L HARRISONBURG VA 22801 86136401 0 X WWW.SUNNYSIDECOMMUNITIES.COM X 1955 VA TO PROVIDE CARE AND SERVICES TO THE ELDERLY. 11 11 984 453 -733 0 3888334 2825895 52153045 54261760 1179325 2186060 1871744 1713332 59092448 60987047 1513834 1267000 0 0 30513773 32258088 0 0 279745 23163236 25009524 55190843 58534612 3901605 2452435 154376562 158961202 103736042 101457462 50640520 57503740 TO OFFER RETIREMENT LIVING CHOICES THAT ENHANCE THE PHYSICAL, SPIRITUAL, SOCIAL, PSYCHOLOGICAL AND SECURITY NEEDS OF OLDER ADULTS IN CARING CHRISTIAN COMMUNITIES AND TO PROVIDE FELLOWSHIP SUPPORT IN THE EVENT THAT A RESIDENT OUTLIVES THEIR RESOURCES. 0 0 18849263 1098637 19667714 PROVIDED QUALITY NURSING CARE TO 427 RESIDENTS INCLUDING RESTORATIVE AND INNOVATIVE ACTIVITIES IN SUNNYSIDE'S NURSING FACILITIES. GRANTED $1,098,637 TO RESIDENTS TO HELP PAY THE COST OF CARE. 15613838 34166 21630251 PROVIDED 614 SENIOR RESIDENTS APARTMENT AND COTTAGE LIVING IN SECURE COMMUNITIES TO MAXIMIZE INDEPENDENCE AND QUALITY OF LIFE. GRANTED $34,166 TO RESIDENTS TO HELP PAY THE COST OF CARE. 10333231 134197 12963795 PROVIDED QUALITY ASSISTED LIVING CARE TO 280 RESIDENTS WHO ARE UNABLE TO BE COMPLETELY INDEPENDENT BUT DO NOT REQUIRE CARE IN A NURSING FACILITY. GRANTED $134,197 TO RESIDENTS TO HELP PAY THE COST OF CARE. 44796332 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 126 0 1 984 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X CATHERINE SYMANSKI 5405688204 600 UNIVERSITY BLVD SUITE L HARRISONBURG VA 22801 JAMES J ROWE BOARD CHAIR 2.00 X X 0 0 0 MICHAEL W PUGH BOARD VICE CHAIR 2.00 X X 0 0 0 EDMUND P PRICE SECRETARY 2.00 X X 0 0 0 JAMES KRAUSS BOARD MEMBER 2.00 X 0 0 0 JEFFREY G LENHART BOARD MEMBER 2.00 X 0 0 0 APRIL TEMPLE BOARD MEMBER 2.00 X 0 0 0 DAPHYNE S THOMAS BOARD MEMBER 2.00 X 0 0 0 JERRY SHEETS BOARD MEMBER 2.00 X 0 0 0 TOM KLUGE BOARD MEMBER AS OF 10/2024 2.00 X 0 0 0 LYNANNE NEWMAN BOARD MEMBER AS OF 10/2024 2.00 X 0 0 0 DANIEL BEAM BOARD MEMBER AS OF 10/2024 2.00 X 0 0 0 DAVID W GARLAND BOARD MEMBER UNTIL 10/2024 2.00 X 0 0 0 JOSH LYONS PRESIDENT AND CEO 40.00 X 406891 0 15085 KEN BOWARD TREASURER AND CFO 40.00 X 213957 0 30156 LISA KANNEY ASSISTANT SECRETARY 40.00 X 67733 0 7484 TAMMY LANDES COO AS OF 10/2024 40.00 X 173366 0 25445 JAMES SOUTER EXEC DIR, KINGS GRANT CAMP 40.00 X 167338 0 21138 KAREN WIGGINTON CHIEF MARKETING OFFICER 40.00 X 150152 0 6422 MATTHEW DAMERON EXEC DIR, SUMMIT SQUARE CAMPUS 40.00 X 145638 0 29348 NANCY WAYLAND EXEC. DIR., SUNNYSIDE CAMP 40.00 X 144176 0 6951 KAREN RILEY CHIEF HEALTH INTEGRATION OFFICER 40.00 X 131890 0 6498 1601141 0 148527 13 0 1 0 HARMAN CONSTRUCTION INC 1024 PLEASANT VALLEY RD HARRISONBURG VA 22801 CONSTRUCTION 3440451 HARRISONBURG CONSTRUCTION CO INC 3011 JOHN WAYLAND HWY DAYTON VA 22821 CONSTRUCTION 2974969 RIDDLEBERGER BROS INC PO BOX 27 MT MT CRAWFORD VA 22841 MECHANICAL CONTRACTOR 2464062 SYSCO FOOD SERVICES OF VA PO BOX 20020 HARRISONBURG VA 22801 FOOD AND DINING SUPPLIES 1346147 MCKESSON MEDICAL-SURGICAL PO BOX 630693 CINCINNATI OH 45274 MEDICAL SUPPLIES 836119 49 2000856 825039 2825895 RESIDENTIAL SERVICE 623000 21625783 21625783 HEALTHCARE SERVICES 623000 19664672 19664672 ASSISTED LIVING 623000 12961798 12961798 PHARMACY REVENUE 623000 9507 9507 54261760 1615350 1615350 316503 323107 -6604 -6604 -733 -5871 25396957 24826247 570710 570710 570710 MARKETING FEES 623000 606125 606125 TELEPHONE AND INTERNET 900099 256065 256065 SALON SERVICES 900099 153901 153901 703845 703845 1719936 60987047 54261760 -733 3900125 1267000 1267000 912458 912458 24901895 22225055 2459866 216974 721498 717310 4188 3831792 514331 3307724 9737 1890445 1606474 267405 16566 79233 79233 388291 388291 117886 117886 2844278 2161996 672440 9842 314165 279470 34695 2721762 2627951 82483 11328 3454913 2647353 807020 540 71632 70698 934 1449707 1433034 16673 8101361 7696294 405067 971518 971518 CREDIT LOSS EXPENSE 2059510 2059510 REPAIRS AND MAINTENANCE 1253811 1253811 MEDICAL SUPPLIES 888902 888902 UNIFORM EXPENSES 29753 29753 262802 164908 88258 9636 58534612 44796332 13458535 279745 297897 789088 1160591 3059252 200 200 947341 1632105 395395 234074 798764 749132 239805362 147331404 87710814 92473958 60918369 52898267 1394908 6324915 752283 800211 154376562 158961202 4500341 4102281 47847534 49053002 45398958 43170571 317060 132046 5672149 4999562 103736042 101457462 X 44739388 51191558 5901132 6312182 50640520 57503740 154376562 158961202 X 2452435 3961801 448984 X 0 1 X 1 0 X 2118885 1225757 1911558 3888334 2825895 11970429 45455629 47248333 49343618 52153045 54261760 248462385 47574514 48474090 51255176 56041379 57087655 260432814 0 0 0 260432814 2210645 4158855 2791817 1469561 1896727 12527605 35126 35126 2210645 4158855 2791817 1469561 1931853 12562731 1373355 1492652 1489103 1900507 1719936 7975553 51158514 54125597 55536096 59411447 60739444 280971098 0.92690 0.92510 0.04470 0.04610 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 827,837. 2021 AMOUNT: $ 865,583. 2022 AMOUNT: $ 887,562. 2023 AMOUNT: $ 602,478. 2024 AMOUNT: $ 703,845. MARKETING FEES - 2020 AMOUNT: $ 229,456. 2021 AMOUNT: $ 328,009. 2022 AMOUNT: $ 263,347. 2023 AMOUNT: $ 670,884. 2024 AMOUNT: $ 606,125. SERVICE FEES - 2020 AMOUNT: $ 243,520. 2021 AMOUNT: $ 229,592. 2022 AMOUNT: $ 243,616. 2023 AMOUNT: $ 258,542. PHARMACY AND DENTAL FEES - 2020 AMOUNT: $ 72,542. 2021 AMOUNT: $ 69,468. 2022 AMOUNT: $ 94,578. 2023 AMOUNT: $ 16,367. TELEPHONE AND INTERNET - 2023 AMOUNT: $ 258,542. 2024 AMOUNT: $ 256,065. SALON SERVICES - 2023 AMOUNT: $ 93,694. 2024 AMOUNT: $ 153,901. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 5901132 18246 440761 47957 6312182 5459058 46199 405136 9261 5901132 6705354 43812 -1208795 56213 5459058 6186441 8156 519051 8294 6705354 5886445 112025 475411 287440 6186441 0.00000 0.82650 0.17350 0 0 5191876 5191876 192496331 131731583 60764748 23845343 15599821 8245522 18271812 18271812 92473958 ANNUITIES PAYABLE 331365 ENTRANCE FEE LIABILITIES 4668197 4999562 64012946 3843915 -818016 3025899 60987047 0 60987047 57149726 0 57149726 1384886 1384886 58534612 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RESIDENT ASSISTANCE NETTED ON FINANCIAL STATEMENTS -1,267,000. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 47,928. CHANGE IN PRESENT VALUE OF PERPETUAL TRUSTS 440,761. CHANGE IN PRESENT VALUE OF ANNUITIES PAYABLE -39,705. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENT ASSISTANCE NETTED ON FINANCIAL STATEMENTS 1,267,000. INVESTMENT EXPENSES NETTED WITH UNREALIZED GAINS (LOSSES) ON FINANCIAL STMTS 117,886. 1 RESIDENT ASSISTANCE 45 1267000 N/A N/A PART I, LINE 2: A RESIDENT, PROSPECTIVE RESIDENT, OR THE FAMILY OF A RESIDENT MAY APPLY TO THE ADMINISTRATOR, OR OTHER PERSONS DESIGNATED BY THE ADMINISTRATOR, FOR FINANCIAL ASSISTANCE. THE ADMINISTRATOR WILL REVIEW THE RESIDENT'S RESOURCES, TAKING INTO ACCOUNT ALL EXPENSES, INCLUDING INSURANCE PREMIUMS, PRESCRIPTION DRUGS, ETC., AS WELL AS AMOUNTS DUE SUNNYSIDE. THE LEVEL OF ASSISTANCE WILL BE ESTABLISHED TO ALLOW SUFFICIENT FUNDS TO COVER EXPENSES AND A REASONABLE AMOUNT FOR ROUTINE DISCRETIONARY EXPENDITURES. A LISTING OF THE RESIDENT'S RESOURCES AND THE AMOUNT OF FELLOWSHIP ASSISTANCE WILL BE CREATED, AND REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR WITH OVERSIGHT FROM THE CHIEF FINANCIAL OFFICER. PART III COLUMN (A) - TYPE OF ASSISTANCE SUNNYSIDE HAS ENJOYED A LONG HISTORY OF PROVIDING CARE TO RESIDENTS IN ALL LEVELS OF CARE WHO END UP EXHAUSTING THEIR PERSONAL RESOURCES. ONCE IN ASSISTED OR NURSING CARE SUNNYSIDE CONTINUES ITS SUPPORT ALONG WITH FUNDS THAT RESIDENTS RECEIVE FROM GOVERNMENTAL PROGRAMS SUCH AS THE VIRGINIA MEDICAL ASSISTANCE PROGRAM (MEDICAID) FOR HEALTHCARE. X X X X 0 0 0 0 0 0 0 1 0 JOSH LYONS PRESIDENT AND CEO 357746 0 49145 0 0 0 13797 0 1288 0 421976 0 0 0 KEN BOWARD TREASURER AND CFO 193895 0 20062 0 0 0 9036 0 21120 0 244113 0 0 0 TAMMY LANDES COO AS OF 10/2024 163291 0 10075 0 0 0 7341 0 18104 0 198811 0 0 0 JAMES SOUTER EXEC DIR, KINGS GRANT CAMP 152001 0 15337 0 0 0 6855 0 14283 0 188476 0 0 0 MATTHEW DAMERON EXEC DIR, SUMMIT SQUARE CAMPUS 131988 0 13650 0 0 0 6193 0 23155 0 174986 0 0 0 KAREN WIGGINTON CHIEF MARKETING OFFICER 133635 0 16517 0 0 0 6015 0 407 0 156574 0 0 0 NANCY WAYLAND EXEC. DIR., SUNNYSIDE CAMP 135076 0 9100 0 0 0 5751 0 1200 0 151127 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDS CEO SALARY AND BONUS AND PERIODICALLY WILL USE INDEPENDENT COMPENSATION CONSULTANT OR COMPENSATION SURVEY/STUDY TO SET THE RANGES FOR THE EXECUTIVE STAFF. ADDITIONALLY, THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL BONUSES FOR EXECUTIVE STAFF AND KEY EMPLOYEES. PART I, LINE 7 THE BOARD OF TRUSTEE'S EXECUTIVE COMMITTEE APPROVED A BONUS TO BE PAID TO THE CEO BASED ON ITS ASSESSMENT OF HIS CONTRIBUTION MADE DURING THE YEAR TO THE COMPANY'S GOALS, OBJECTIVES AND STRATEGIC DIRECTION. ADDITIONALLY, THE EXECUTIVE COMMITTEE APPROVES A BONUS POOL TO BE USED BY THE CEO TO AWARD BONUSES FOR SELECT SENIOR EXECUTIVE STAFF MEMBERS OR OTHER KEY STAFF BASED ON HIS ASSESSMENT OF THE CONTRIBUTIONS MADE BY THESE EMPLOYEES DURING THE YEAR. IN DETERMINING THE REASONABLENESS OF BONUSES AWARDED, ASSESSMENTS ARE COMPARED AGAINST INDUSTRY BENCHMARKS FOR TOTAL COMPENSATION AND INDUSTRY EXECUTIVE COMPENSATION STUDY DATA. THESE BONUSES ARE REPORTED IN PART VII OF THE FORM 990 IN COLUMN D FOR THE AMOUNTS PAID DURING 2024. A EDA OF ROCKINGHAM COUNTY VIRGINIA 541155987 2017-05-19 16000000 FUND RENOVATIONS AT CAMPUSES OF SUNNYSIDE, SUMMIT SQUARE, & KING'S GRANT 0 0 0 B EDA OF ROCKINGHAM COUNTY VIRGINIA 541155987 773455AR1 2020-01-08 32929461 REFINANCING AND FUND RENOVATIONS AT SUNNYSIDE CAMPUSES 0 0 0 C EDA OF TOWN OF TIMBERVILLE VA 611711863 2023-09-05 5612446 REFUNDING OUTSTANDING SERIES 2013B FIXED RATE BONDS 0 0 0 A 4513400 16000000 250000 15750000 2017 0 0 1 1 B 8861820 32929461 542630 10001225 22385606 2020 1 0 1 1 C 368427 5612446 5612446 2023 0 1 1 1 A 0 0 0 0 0.00860 0.00860 0 0 1 B 0 0 0 0 0.00860 0.00860 0 0 1 C 0 0 0 0 0.00830 0.00830 0 0 0 A 0 0 1 0 1 1 TRUIST BANK 2.330000000000 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 1 1 TRUIST BANK 7.020000000000 0 0 0 0 0 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES HAS 4 SUB COMMITTEES: (1) AUDIT AND FINANCE, (2) GOVERNANCE, (3) STRATEGIC PLANNING AND (4) EXECUTIVE. ALL ARE CHARGED WITH ACTING IN THEIR RESPECTIVE AREA WITH RATIFICATION FROM THE BOARD OF TRUSTEES. MEMBERS OF THESE COMMITTEES ARE THE SUBJECT MATTER EXPERTS IN THE RESPECTIVE AREAS, AND ALL ARE ALSO MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY TAX ADVISORS OF A NATIONAL ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990 IS DISTRIBUTED FOR REVIEW TO THE MEMBERS OF THE AUDIT AND FINANCE COMMITTEE AND IS APPROVED AT THE NEXT MEETING PRIOR TO FILING. ADDITIONALLY, A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THEY ARE REQUIRED TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. THE POLICY OUTLINES THE GUIDING PRINCIPLES, DISCLOSURE REQUIREMENTS, AND PROCEDURES FOR DEALING WITH CONFLICTS OF INTEREST. A PERSON WITH A CONFLICT SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF IT IS DETERMINED A CONFLICT OF INTEREST EXISTS, THE PERSON WITH A CONFLICT SHALL LEAVE THE MEETING DURING DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE REMAINING BOARD OR COMMITTEE MEMBERS WILL REVIEW AND ADDRESS THE ACTUAL CONFLICT ACCORDING TO PROCEDURES AS SET FORTH IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 QUANTITATIVE DATA FROM SIMILARLY SITUATED ORGANIZATIONS ARE OBTAINED AND REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. CEO COMPENSATION IS REVIEWED AND SET BY THE EXECUTIVE COMMITTEE OF THE BOARD WITH FULL BOARD APPROVAL. THE COMPENSATION DETERMINATION IS CONFIRMED AND COMMUNICATED IN WRITING BY THE BOARD CHAIRPERSON AND GIVEN TO THE HR DEPARTMENT FOR IMPLEMENTATION. RECORDS ARE MAINTAINED IN THE CEO'S PERSONNEL FOLDER. FOR KEY EMPLOYEES, COMPENSATION DATA ARE BENCHMARKED USING THE MOST RECENT "LEADINGAGE LEADERSHIP COMPENSATION SURVEY OF MULTI-SITE ORGANIZATIONS." KEY EMPLOYEES/OFFICERS COMPENSATION IS REVIEWED IN CONNECTION WITH THE ANNUAL PERFORMANCE REVIEW PROCESS THAT TAKES PLACE ON THE EMPLOYMENT ANNIVERSARY. THE PERFORMANCE REVIEW IS COMPLETED AND THE CEO DETERMINES COMPENSATION FOR THE UPCOMING ANNUAL PERIOD, FACTORING IN MARKET AND PERFORMANCE DATA. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 47,928. CHANGE IN PRESENT VALUE OF PERPETUAL TRUSTS 440,761. CHANGE IN PRESENT VALUE OF ANNUITIES PAYABLE -39,705.