2025-10-21T15:35:54-05:00 2024-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2024-01-01 922254866 AVERY POINT INC AVER 8002603100 1000 AVERY POINT WAY RICHMOND VA 23233 EILEEN ERSTAD TREASURER 8002603100 2025-10-17 1 1 JULIA FLANNERY P00928918 3012963600 2025-10-17 2024 2025-03-06 01:10:19Z IAN BROWN 1000 AVERY POINT WAY RICHMOND VA 23233 27077461 0 X WWW.NATIONALSENIORCOMMUNITIES.ORG X 2022 MD PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. 13 9 257 134 0 0 135830 249308 8552285 26542850 71349 101673 80923 183630 8840387 27077461 0 0 0 0 3890917 8906803 0 0 0 7252250 20046120 11143167 28952923 -2302780 -1875462 126607162 185654081 128921188 189843569 -2314026 -4189488 X MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - AVERY POINT, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM. 0 0 21091629 26542850 AVERY POINT PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 518 INDEPENDENT LIVING UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. 21091629 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 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 0 0 1 0 0 0 1 41 0 1 257 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SAMANTHA WHIRLEY 4102422880 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 X IAN L BROWN CHAIR & PRESIDENT 0.10 7.80 X X 0 80000 0 REV DR ZINA JACQUE VICE CHAIR & VICE PRESIDENT 0.10 13.00 X X 0 172500 0 MARY D COLINS SECRETARY 0.10 12.00 X X 0 150000 0 EILEEN G ERSTAD TREASURER 0.10 21.20 X X 0 140000 0 BARBARA C BISGAIER DIRECTOR 0.10 8.80 X 0 110000 0 PATRICIA M BROWN DIRECTOR 0.10 8.90 X 0 90000 0 KATHERINE CLUPPER DIRECTOR (BEG 4/1/24) 0.10 6.90 X 0 65000 0 MONTY C LEONARD DIRECTOR 0.10 10.30 X 0 90000 0 MARY MOSCATO DIRECTOR (BEG 4/1/24) 0.10 7.20 X 0 65000 0 PAMELA D PAULK DIRECTOR 0.10 8.80 X 0 90000 0 STEPHANIE L REEL DIRECTOR/VC & VP (THRU 3/31/24) 0.10 13.90 X X 0 150000 0 MICHAEL W ROSKIEWICZ DIRECTOR 0.10 15.30 X 0 135000 0 RUSSELL SHARP DIRECTOR 0.10 8.90 X 0 80000 0 CHRIS RATHMANN ASSISTANT TREASURER (THRU 3/31/24) 1.00 15.00 X 0 0 0 PAMELA STINER ASSISTANT TREASURER (BEG 4/1/24) 1.00 18.00 X 0 0 0 JOHN HALL ASSISTANT TREASURER 1.00 18.00 X 0 0 0 MARK EMBLEY ASSISTANT TREASURER 1.00 18.00 X 0 0 0 NEAL GANTERT ASSISTANT TREASURER 1.00 18.00 X 0 0 0 SCOTT SAWICKI ASSISTANT SECRETARY (BEG 4/1/24) 0.30 45.40 X 0 307034 37698 TODD DELANEY EXECUTIVE DIRECTOR (END 10/3/24) 40.00 40.00 X 223453 74485 24161 BRYAN BEE EXECUTIVE DIRECTOR (BEG 10/24) 40.00 X 151252 0 1563 LUKE MCKINLEY DIRECTOR, FINANCE 40.00 X 148651 0 10746 ALYSSA HIMES SALES COUNSELOR 40.00 X 111037 0 1907 KAY POLAND MANAGER, SALES 40.00 X 104872 0 5776 JACQUELYN WEIR PLANNING AND MOVING CONSULTANT 40.00 X 102370 0 11474 ZIAD AL RAWI SENIOR MANAGER, FACILITIES 40.00 X 102062 0 5832 943697 1799019 99157 7 0 1 0 ERICKSON SENIOR LIVING LLC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 MANAGEMENT - SEE SCH. O 4753984 PIC RITE MANAGEMENT & CONSULTING INC 234 W BROAD ST C HATFIELD PA 19440 CONSULTING 241111 RICHMOND TIMES-DISPATCH 8460 TIMES DISPATCH BLVD MECHANICSVILLE VA 23116 ADVERTISING 156664 DAC ART CONSULTING 11251 NORTHWEST FREEWAY STE 200 HOUSTON TX 77092 INTERIOR DESIGN 122910 WTVR 3301 W BROAD ST RICHMOND VA 23230 ADVERTISING 101643 5 249308 249308 RESIDENT FEES 623000 19010392 19010392 RESIDENT DEPOSITS 623000 6931888 6931888 ANCILLARY FEES 623000 579767 579767 OTHER PROGRAM REVENUE 623000 20803 20803 26542850 101673 101673 183630 0 183630 183630 183630 27077461 26542850 0 285303 X 553786 553786 6907719 5307154 1600565 45399 11573 33826 810111 511402 298709 589788 445943 143845 856285 856285 25906 1254 24652 142991 142991 3382226 3382226 305276 305276 2456993 2122493 334500 2075869 1945133 130736 54703 23255 31448 3422285 3422285 5898023 4828022 1070001 229622 229622 EQUIPMENT RENTAL 1065223 1036837 28386 RESIDENT RELATIONS 130718 45095 85623 28952923 21091629 7861294 0 X 426434 4743938 52469 184039 1459200 2764300 27429 26066 2954990 644717 5548885 1701944 4197424 3846941 10132112 9062111 107357104 164381969 126607162 185654081 3575990 2842170 7887550 1926801 18792087 21218385 98665561 163856213 128921188 189843569 X -2319132 -4239729 5106 50241 -2314026 -4189488 126607162 185654081 -1875462 0 X 0 1 X 1 0 X 135830 249308 385138 8552285 26542850 35095135 8688115 26792158 35480273 18166 18166 0 18166 18166 35462107 152272 285303 437575 152272 285303 437575 8840387 27077461 35917848 X PART III, SECTION A, COLUMN D 2022 IS THE INITIAL TAX YEAR FOR THE SHORT PERIOD JULY 28, 2022 THROUGH DECEMBER 31, 2022. 0 1 X 187308 12432 174876 3559797 1457478 2102319 1801780 232034 1569746 3846941 FINANCE LEASE RIGHT OF USE ASSETS, NET 164357308 INTERCOMPANY RECEIVABLE 15734 OTHER CURRENT ASSETS 8927 164381969 CLAIMS RESERVE 168188 DEFERRED MANAGEMENT FEES 42814 RESIDENT REFUNDS PAYABLE 620360 RESIDENT DEPOSITS (NET) 163022351 FUNDS HELD FOR RESIDENTS (PAYABLE) 2500 163856213 27077461 0 27077461 0 27077461 28952923 0 28952923 0 28952923 PART IV, LINE 2B: PROSPECTIVE RESIDENTS ARE REQUIRED TO MAKE CERTAIN INSTALLMENT PAYMENTS PRIOR TO THE FINAL SETTLEMENT OF THE GIVEN UNIT. THOSE ADVANCE DEPOSITS ARE REPORTED ON FORM 990, PART X, LINE 21. X X X 0 0 0 0 0 0 0 1 0 SCOTT SAWICKI ASSISTANT SECRETARY (BEG 4/1/24) 0 256472 0 50562 0 0 0 25180 0 12518 0 344732 0 0 TODD DELANEY EXECUTIVE DIRECTOR (END 10/3/24) 168845 56282 36875 12292 17733 5911 7425 2475 10696 3565 241574 80525 0 0 REV DR ZINA JACQUE VICE CHAIR & VICE PRESIDENT 0 172500 0 0 0 0 0 0 0 0 0 172500 0 0 LUKE MCKINLEY DIRECTOR, FINANCE 132584 0 15600 0 467 0 4020 0 6726 0 159397 0 0 0 BRYAN BEE EXECUTIVE DIRECTOR (BEG 10/24) 30769 0 50000 0 70483 0 0 0 1563 0 152815 0 0 0 PART I, LINE 7 THE EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED A DISCRETIONARY BONUS DURING THE YEAR. SCHEDULE J, PART II: BRYAN BEE, TODD DELANEY, AND LUKE MCKINLEY ARE LISTED IN SCHEDULE J, PART II AND ARE EMPLOYEES OF ERICKSON SENIOR LIVING, LLC ("ESL"), AN UNRELATED ORGANIZATION TO AVERY POINT, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN AVERY POINT, INC. AND ESL. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ESL IS THE ISSUER OF THE FORM W-2. UNDER THE MANAGEMENT AGREEMENT, AVERY POINT, INC. REIMBURSES ESL FOR THE COST OF SERVICES PERFORMED FOR AVERY POINT, INC. FORM 990, PART VI, SECTION A, LINE 1A IF THERE ARE MATERIAL DIFFERENCES IN VOTING RIGHTS AMONG MEMBERS OF THE GOVERNING BODY, OR IF THE GOVERNING BODY DELEGATED BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE OR SIMILAR COMMITTEE, EXPLAIN IN SCHEDULE O. UNDER THE BYLAWS OF THE ORGANIZATION, THE BOARD HAS DELEGATED AUTHORITY TO AN EXECUTIVE COMMITTEE COMPRISED OF THE ORGANIZATION'S CHAIR, VICE CHAIRS, PRESIDENT, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE ORGANIZATION EXCEPT FOR THOSE ACTIONS RESERVED SOLELY TO THE MEMBER OR THE DIRECTORS UNDER THE GENERAL LAWS OF THE STATE OF MARYLAND. FORM 990, PART VI, SECTION A, LINE 1B: ENTER THE NUMBER OF VOTING MEMBERS INCLUDED ON LINE 1A, ABOVE, WHO ARE INDEPENDENT. THE BOARD MEMBERS THAT ARE DEEMED NOT INDEPENDENT ON THE FORM 990 ARE THOSE INDIVIDUALS WHO RECEIVE COMPENSATION AS AN OFFICER OR OTHER EMPLOYEE FROM THE ORGANIZATION OR FROM A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 DID THE ORGANIZATION DELEGATE CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, OR TRUSTEES, OR KEY EMPLOYEES TO A MANAGEMENT COMPANY OR OTHER PERSON? AVERY POINT, INC. ENTERED INTO A NEW MANAGEMENT AND MARKETING AGREEMENT TO REPLACE THE EXISTING MANAGEMENT AND MARKETING AGREEMENT ALREADY IN EFFECT WITH ERICKSON SENIOR LIVING, LLC ("ESL"). THE AGREEMENT WAS EFFECTIVE AS OF APRIL 30, 2024. THE EXISTING MANAGEMENT AND MARKETING AGREEMENT HAS BEEN AMENDED TO CLARIFY CERTAIN MATTERS. ESL IS A MARYLAND LIMITED LIABILITY COMPANY WHICH MANAGES LARGE SCALE CONTINUING CARE RETIREMENT COMMUNITIES. THE FOLLOWING OFFICERS ARE LISTED IN PART VII, AS NON-COMPENSATED OFFICERS OF THE FILING ORGANIZATION, JOHN HALL, CHRIS RATHMANN (THRU 3/31/24), PAMELA STINER (BEG 4/1/24), NEAL GANTERT, AND MARK EMBLEY. THEIR DUTIES ARE CONSIDERED PERFORMED PRO BONO. TODD DELANEY, EXECUTIVE DIRECTOR (THRU 10/3/24), BRYAN BEE, EXECUTIVE DIRECTOR (BEG 10/3/24) AND LUKE MCKINLEY, DIRECTOR, FINANCE, ARE LEASED EMPLOYEES FROM THE MANAGEMENT COMPANY. THE FILING ORGANIZATION REIMBURSES THE MANAGEMENT COMPANY FOR THEIR COMPENSATION WHICH IS REPORTED ON FORM 990, PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 6 DID THE ORGANIZATION HAVE MEMBERS OR STOCKHOLDERS? AVERY POINT, INC.'S SOLE MEMBER IS NATIONAL SENIOR COMMUNITIES, INC. ("NSC"). NSC IS A MARYLAND NON-STOCK CORPORATION. NSC IS A "SUPPORTING ORGANIZATION" WITH RESPECT TO AVERY POINT, AS WELL AS CERTAIN OTHER ORGANIZATIONS SPECIFIED IN ITS GOVERNING DOCUMENTS. AS REQUIRED BY THE REGULATIONS RELATING TO "SUPPORTING ORGANIZATIONS," CERTAIN MEMBERS OF THE BOARD OF DIRECTORS OF NSC WILL ALSO BE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A DID THE ORGANIZATION HAVE MEMBERS, STOCKHOLDERS, OR OTHER PERSONS WHO HAD THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY? THE BOARD OF DIRECTORS MAY NOMINATE A SLATE OF CANDIDATES FOR CONSIDERATION BY THE MEMBER, BUT THE MEMBER HAS SOLE DISCRETION TO ELECT DIRECTORS WHETHER OR NOT NOMINATED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ARE ANY GOVERNANCE DECISIONS OF THE ORGANIZATION RESERVED TO (OR SUBJECT TO APPROVAL BY) MEMBERS, STOCKHOLDERS, OR PERSONS OTHER THAN THE GOVERNING BODY? CERTAIN EXTRAORDINARY ACTIONS OF THE CORPORATION REQUIRE THE APPROVAL OF THE MEMBER UNDER APPLICABLE STATE LAW. UNDER THE ORGANIZATION'S BYLAWS, CERTAIN GOVERNANCE DECISIONS ARE MADE BY THE BOARD WITH THE CONSENT OF THE MEMBER AS SHARED POWERS AND CERTAIN GOVERNANCE DECISIONS ARE RESERVED TO THE MEMBER. SHARED POWERS INCLUDE AMENDMENTS TO ANY OF THE COMMUNITY DOCUMENTS (EXCEPT WHERE IT INVOLVES A RESERVED POWER), APPROVAL OF ALL CONTRACTS WITH OR PAYMENTS TO THE MEMBER OR OTHER RELATED ENTITIES (OTHER THAN GOVERNANCE COSTS OF THE MEMBER), AUTHORIZING THE FILING OF ANY BANKRUPTCY, CHANGES TO SHARED POWERS, A SIGNIFICANT EXPANSION OR NEW LINE OF BUSINESS JUST INVOLVING THE ORGANIZATION, AND SELECTION OF THE MANAGEMENT COMPANY. RESERVED POWERS OF THE MEMBER INCLUDE: APPROVAL OF POLICIES AFFECTING MORE THAN ONE COMMUNITY; SPONSORSHIP OF A NEW COMMUNITY; PAYMENT OF REASONABLE AMOUNTS TO COVER THE MEMBER'S OPERATING COSTS; THE EXECUTION OF JOINT PURCHASE CONTRACTS OR SIMILAR AGREEMENTS ALONG WITH AFFILIATE(S); THE DISPOSITION OR PLEDGE OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS (OTHER THAN A PLEDGE IN CONNECTION WITH AN ASSET OR FINANCING TRANSACTION); COMPENSATION OF OFFICERS, DIRECTORS AND ADVISORY COMMITTEE MEMBERS; AND APPROVAL OF CONTRACTS, AMENDMENTS, ETC. AFFECTING THE ORGANIZATION AND ONE OR MORE RELATED ENTITIES OR THE RESIDENTS OF THEIR COMMUNITIES. FORM 990, PART VI, SECTION B, LINE 11B HAS THE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM? THE CHAIR OF THE AUDIT, INVESTMENT, AND TREASURY COMMITTEE APPOINTS THE REVIEWER OF THE FORM 990. ONCE THAT REVIEW IS COMPLETE, THE FULL BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FINAL VERSION OF FORM 990 BEFORE IT IS FILED AND ASK QUESTIONS OF THE REVIEWER REGARDING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C DID THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY? ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER AVERY POINT, INC.'S AFFAIRS, COMMITTEE MEMBERS, PROSPECTIVE DIRECTORS, AND SENIOR STAFF PROVIDING SERVICES TO THE ORGANIZATION UNDER A MANAGEMENT AGREEMENT COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND AS POTENTIAL CONFLICTS ARISE DURING THE YEAR. THE DIRECTOR CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE BOARD CHAIR. IF THE CONFLICT INVOLVES A COVERED EMPLOYEE, THE CHAIR DETERMINES WHETHER A CONFLICT EXISTS AND, IF SO, HOW IT IS TO BE HANDLED, OR THE CHAIR MAY REFER THE MATTER TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FOR ALL OTHER CONFLICTS, THE BOARD OF DIRECTORS OR A COMMITTEE OF DISINTERESTED DIRECTORS WILL DETERMINE WHETHER A CONFLICT ACTUALLY EXISTS. A COVERED PERSON MAY NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE BY THE BOARD BUT MAY ANSWER QUESTIONS OR PROVIDE CLARIFYING INFORMATION UNLESS ANY BOARD MEMBER OBJECTS. FORM 990, PART VI, SECTION B, LINE 15 DID THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL, OR OTHER OFFICERS OR KEY EMPLOYEES, INCLUDE A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION? THE BOARD HAS APPROVED A DIRECTORS' COMPENSATION POLICY WHICH ESTABLISHES THE PROCESS BY WHICH ALL DIRECTOR COMPENSATION IS DETERMINED. AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY RETAINED TO PERFORM AN ANALYSIS OF AVERY POINT, INC.'S COMPENSATION USING COMPARABLES OF BOTH FOR-PROFIT AND NON-PROFIT PEERS. A COMMITTEE OF THE NSC BOARD REVIEWS THE CONSULTANT'S REPORT AND MAKES A RECOMMENDATION TO THE ORGANIZATION AS TO APPROPRIATE COMPENSATION OF DIRECTORS. THE COMMITTEE OF THE NSC BOARD HAS ACCESS TO THE CONSULTANT'S REPORT AND AN OPPORTUNITY TO QUESTION THE CONSULTANT ABOUT THE PROCESS, METRICS, AND COMPARABLES THAT WERE USED IN DETERMINING THE RECOMMENDED COMPENSATION. THE BOARD THEN VOTES ON THE COMPENSATION RECOMMENDATIONS AND A CONTEMPORANEOUS RECORD IS MADE OF THE MEETING AND THE VOTE. A NEW COMPENSATION STUDY WAS UNDERTAKEN IN THE FALL OF 2024 WHICH DID NOT RECOMMEND ANY CHANGES TO THE CURRENT STRUCTURE IN 2024. COMPENSATION IS APPROACHED ON AN OVERALL BASIS AND THE TOTAL VALUE OF ALL FORMS OF COMPENSATION IS ESTABLISHED AND MONITORED. THERE IS A COMPREHENSIVE COMPENSATION REVIEW PERFORMED ANNUALLY FOR THE EXECUTIVE DIRECTOR AND OTHER KEY MANAGEMENT PERSONNEL. THE COMPENSATION IS REVIEWED, DOCUMENTED, AND APPROVED BY THE BOARD DURING THE BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 DESCRIBE WHETHER (AND IF SO, HOW) THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE EXECUTIVE DIRECTOR'S OFFICE, FOR THE DISCLOSURE PERIOD SPECIFIED UNDER SECTION 6104(D). FORM 990, PART VII, SECTION B: INDEPENDENT CONTRACTORS COMPENSATION. THE AMOUNT INCLUDED IN COLUMN (C) FOR ERICKSON SENIOR LIVING IS FOR PAYMENTS MADE FOR MANAGEMENT SERVICES AND THE DIRECT AND SHARED COSTS ALLOCATED TO THE COMMUNITY. DIRECT AND SHARED COSTS INCLUDE SALARIES AND BENEFITS FOR MANAGEMENT PERSONNEL, AND THE USE OF SERVICES SUCH AS FINANCE, LEGAL, HUMAN RESOURCES, INFORMATION SERVICES, AND OPERATIONS. FORM 990, PART VII, SECTION A: REPORTABLE COMPENSATION FROM THE ORGANIZATION AND FROM RELATED ORGANIZATIONS. THE COMPENSATION INCLUDED IN COLUMNS D AND E FOR THE BOARD DIRECTORS IS FOR SERVICES PERFORMED FOR THE FILING ORGANIZATION AND ALL RELATED ORGANIZATIONS INCLUDED ON SCHEDULE R, PART II. THE COMPENSATION FOR THE ASSISTANT SECRETARY INCLUDED IN COLUMNS D AND E IS FOR SERVICES PERFORMED FOR NATIONAL SENIOR COMMUNITIES, INC, A RELATED ORGANIZATION. NATIONAL SENIOR COMMUNITIES SUPPORTS EIGHTEEN COMMUNITIES. FORM 990, PART IX, LINE 11G CONTRACT PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,382,226. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,382,226. FORM 990, PART X, LINE 23: MORTGAGES AND OTHER NOTES PAYABLE ON SEPTEMBER 6, 2023, APR AND REDWOOD-ERC RICHMOND, LLC ("RER") ENTERED INTO A WORKING CAPITAL LOAN ("WCL") AGREEMENT WHICH ALLOWS APR TO BORROW FROM RER AN AGGREGATE PRINCIPAL AMOUNT. THE AGREEMENT WAS AMENDED MAY 29, 2024 AND PROVIDES FOR A MAXIMUM AMOUNT OF $30,000,000. ON APRIL 25, 2025, THE AGREEMENT WAS AMENDED EFFECTIVE DECEMBER 31, 2024 TO EXTEND THE MATURITY DATE FROM DECEMBER 31, 2025 TO DECEMBER 31, 2030; HOWEVER, THIS DATE CAN BE EXTENDED IF NECESSARY. THE OUTSTANDING BALANCE ON THE WCL WAS $21,218,385 AS OF DECEMBER 31, 2024. ANN'S CHOICE INC 10000 ANNS CHOICE WAY WARMINSTER PA 18974 522095427 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 ASHBY PONDS INC 21170 ASHBY PONDS BLVD ASHBURN VA 20147 205609803 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 BETHESDA NSC RETIREMENT COMMUNITY INC 816 CONNECTICUT AVE NW 7TH FL WASHINGTON DC 20006 922205771 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 BROOKSBY VILLAGE INC 100 BROOKSBY VILLAGE DRIVE PEABODY MA 01960 522126755 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 CEDAR CREST VILLAGE INC 1 CEDAR CREST VILLAGE DRIVE POMPTON PLAINS NJ 07444 522184915 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 EAGLE'S TRACE INC 14703 EAGLE VISTA DRIVE HOUSTON TX 77077 030498683 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 FOX RUN VILLAGE INC 41000 13 MILE ROAD NOVI MI 48377 522291271 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 GREENSPRING VILLAGE INC 7440 SPRING VILLAGE DRIVE SPRINGFIELD VA 22150 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 HIGHLAND SPRINGS INC 8000 FRANKFORD ROAD DALLAS TX 75252 510536892 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 LANTERN HILL INC 535 MOUNTAIN AVENUE NEW PROVIDENCE NJ 07974 371742780 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 LINDEN PONDS INC 300 LINDEN PONDS WAY HINGHAM MA 02043 141849849 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 MARIS GROVE INC 100 MARIS GROVE WAY GLEN MILLS PA 19342 550878964 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 MATTHEWS NSC RETIREMENT COMMUNITY INC 816 CONNECTICUT AVE NW 7TH FLOOR WASHINGTON DC 20006 922269292 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 NATIONAL SENIOR COMMUNITIES INC 816 CONNECTICUT AVE NW 7TH FLOOR WASHINGTON DC 20006 204356247 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 12C, III-FI N/A 0 OAK CREST VILLAGE INC 8800 WALTHER BOULEVARD PARKVILLE MD 21234 521874053 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 RIDERWOOD VILLAGE INC 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 522126753 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 SEABROOK VILLAGE INC 3000 ESSEX ROAD TINTON FALLS NJ 07753 522126751 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 TALLGRASS CREEK INC 13800 METCALF AVENUE OVERLAND PARK KS 66223 870765641 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 WIND CREST INC 3235 MILL VISTA ROAD HIGHLANDS RANCH CO 80129 510549976 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 WOODLEIGH CHASE INC 816 CONNECTICUT AVE NW 7TH FLOOR WASHINGTON DC 20006 922217836 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL SENIOR COMMUNITIES INC 0 NATIONAL CCRC BUSINESS TRUST I 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 266455718 CHARITABLE BUSINESS TRUST MD N/A 0 0 NATIONAL CCRC STATUTORY TIER IV TRUST 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 853943847 CHARITABLE BUSINESS TRUST MD N/A 0 0 THE TALON BAR COMPANY 701 MAIDEN CHOICE LANE BALTIMORE MD 21128 562500131 TO HOLD THE LIQUOR LICENSE FOR THE EAGLE'S TRACE RETIREMENT COMMUNITY TX N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: BETHESDA NSC RETIREMENT COMMUNITY, INC WAS DISSOLVED ON 4/11/24.