2017-04-11T10:52:56-07:00 2016-09-30 990 2015-10-01 560564344 PRESBYTERIAN HOMES INC PRES 3368866553 2109 Sandy Ridge Road Colfax NC 27235 Julia Hanover Vice President - CFO 3368866553 2017-05-15 2015 2021-01-29 14:40:06Z Julia F Hanover 2109 Sandy Ridge Road Colfax NC 27235 64702230 0 8627 X WWW.PRESBYTERIANHOMES.ORG X 1942 NC PROVISION OF CARE TO THE ELDERLY 23 23 960 251 0 0 861509 755048 38967466 40138832 2204231 848675 334044 336436 42367250 42078991 1633492 1027024 0 0 17382506 16902820 0 0 126292 19413951 21088637 38429949 39018481 3937301 3060510 160630923 253969815 147387551 235863862 13243372 18105953 THE MISSION OF THE PRESBYTERIAN HOMES, INC. AND ITS COMMUNITIES IS TO PROVIDE SENIOR ADULTS WITH CARING AND HIGH QUALITY SERVICES IN SUPPORT OF THEIR PHYSICAL, INTELLECTUAL, SOCIAL AND SPIRITUAL WELL-BEING. WE ARE A CHURCH RELATED, NON-PROFIT COMMUNITY SERVICE ORGANIZATION THAT MEETS THE NEEDS OF SENIOR ADULTS IN A SPIRITUALLY NURTURING SETTING. 0 0 32232432 1027024 41323943 PRESBYTERIAN HOMES, INC PROVIDES RESIDENTIAL, ASSISTED LIVING AND NURSING CARE FOR APPROXIMATELY 762 ELDERLY RESIDENTS. SERVICES INCLUDE HOUSEKEEPING, FOOD SERVICE, MEDICAL AND OTHER SUPPORT SERVICES IN A CONTINUING CARE COMMUNITY. 0 0 0 32232432 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 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 1 1 1 0 0 1 110 0 1 960 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X RHONDA CUMMONS 3368866553 2109 SANDY RIDGE ROAD COLFAX NC 27235 HEATH RADA BOARD MEMBER 1 0 X 0 0 0 JOSEPH H ELY BOARD MEMBER 1 0 X 0 0 0 SHERRY MCKINNEY BOARD MEMBER 1 0 X 0 0 0 WALTER G RODGERS BOARD MEMBER 1 0 X 0 0 0 HAROLD STIERHOFF BOARD MEMBER 1 0 X 0 0 0 CARLYLE KINLAW JR BOARD MEMBER 1 0 X 0 0 0 KEVIN TILLEY CHAIRPERSON 1 0 X 0 0 0 PETER TOURTELLOT BOARD MEMBER 1 0 X 0 0 0 DELLE WILSON SECRETARY 1 0 X 0 0 0 ELIZABETH COOLEY VICE-CHAIRPERSON 1 0 X 0 0 0 REGINA MCLAURIN BOARD MEMBER 1 0 X 0 0 0 LINDA MCLESTER BOARD MEMBER 1 0 X 0 0 0 BOB BEALL BOARD MEMBER 1 0 X 0 0 0 MACK DAGENHART BOARD MEMBER 1 0 X 0 0 0 MAC DOUBLES BOARD MEMBER 1 0 X 0 0 0 BILL FULTON BOARD MEMBER 1 0 X 0 0 0 STEVEN FROST BOARD MEMBER 1 0 X 0 0 0 LEAH PRICE BOARD MEMBER 1 0 X 0 0 0 NANCY RUSSELL BOARD MEMBER 1 0 X 0 0 0 DAVID BURNS TREASURER 1 0 X 0 0 0 DAVID COULTER BOARD MEMBER 1 0 X 0 0 0 DIANE MOFFETT BOARD MEMBER 1 0 X 0 0 0 BYRON WADE BOARD MEMBER 1 0 X 0 0 0 JULIA HANOVER ASST TREAS - CFO 37.5 0 X 201145 0 44836 TIMOTHY WEBSTER ASST SEC - CEO 37.5 0 X 336537 0 38378 CREIGHTON LOVVORN VP - DIRECTOR OF OPERATIONS 37.5 0 X 213651 0 39958 MARK COLLINS VP - DIRECTOR OF HR 37.5 0 X 130615 0 20632 JEAN GREGG EXEC DIR - GLENAIRE 0 37.5 X 0 142595 38819 MARY WALTER-SHAFER DIRECTOR OF MARKETING 37.5 0 X 135354 0 23411 LAURA LOWE DIRECTOR OF MARKETING 0 40 X 0 162545 25294 THOMAS A SMITH EXEC DIR - RIVER LANDING AT SANDY RIDGE 37.5 0 X 146298 0 33379 TIFFANY ROBERSON ASSOCIATE DIRECTOR 37.5 0 X 104929 0 17833 NORMAN CLINGERMAN DIRECTOR OF MARKETING 40 0 X 102390 0 19935 ARTHUR JOHNSON EXECUTIVE DIRECTOR 40 0 X 102593 0 18573 ARNOLD THOMPSON ASSOCIATE DIRECTOR 37.5 0 X 115209 0 34877 MELANIE JOHNSON DIRECTOR OF NURSING 0 40 X 0 100119 21600 BEVERLY COWDRICK ASSOCIATE DIRECTOR 0 40 X 0 101325 37083 1588721 506584 414608 14 0 1 0 HERITAGE HEALTHCARE INC PO BOX 823424 PHILADELPHIA PA 19182 THERAPY 394090 CAROLINA THERAPY SERVICES INC 111 SOUTH RAILROAD AVE DUNN NC 28334 THERAPY 868484 UNIVERSAL PROTECTION SERVICES 26375 NETWORK PLACE CHICAGO IL 60673 SECURITY 348514 THE ALUMINUM CO OF NC 1335 HAMLIN ROAD DURHAM NC 27704 CONSTRUCTION 182831 J O F Painting 101 Wood Hollow Drive Cary NC 27513 CONSTRUCTION 370358 9 0 0 0 755048 0 0 0 755048 RESIDENT SERVICE FEES 623000 32687146 32687146 0 0 AMORTIZED ENTRY FEES 623000 6030647 6030647 0 0 ANCILLARY SERVICES 623000 499768 499768 0 0 FOOD SERVICE INCOME 623000 165567 165567 0 0 MANAGEMENT FEES 623000 755704 755704 0 0 0 0 0 0 40138832 1047516 0 0 1047516 0 0 0 0 0 0 0 0 110297 0 0 0 110297 0 110297 0 0 110297 22424398 0 22623239 0 -198841 0 -198841 0 0 -198841 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GOLF CLUB REVENUE 623000 113248 113248 0 0 BEAUTY SHOP REVENUE 623000 83011 83011 0 0 MISCELLANEOUS REVENUE 623000 29880 29880 0 0 0 0 0 0 226139 42078991 40364971 0 958972 X 0 0 1027024 1027024 0 0 0 0 1880533 0 1880533 0 0 0 0 0 12385221 11513729 781678 89814 262965 173905 85789 3271 1341959 -15325 1354616 2668 1032142 845884 179458 6800 0 0 0 0 4779 0 4779 0 49378 10286 39092 0 0 0 0 0 0 0 95995 95995 0 0 283776 142482 141294 0 153824 0 153824 0 3770709 3054167 694545 21997 496977 0 496977 0 0 0 0 0 6992595 6983760 8835 0 91775 55206 35359 1210 0 0 0 0 127187 45802 80900 485 0 0 0 0 0 0 0 0 4540419 4540419 0 0 489671 0 489671 0 FOOD COST 2211940 2211940 0 0 BAD DEBTS 277419 277419 0 0 AMORTIZATION 1252764 1252764 0 0 OTHER EXPENSES 249429 16975 232407 47 0 0 0 0 39018481 32232432 6659757 126292 0 0 7923334 12490477 0 0 2731464 2356444 0 0 0 0 0 0 31649 36463 257307 436209 154738118 47546363 104585589 107191755 36661667 123229333 0 0 6657765 6857136 0 0 1782148 1371998 160630923 253969815 6855928 7111664 0 0 38819820 39720749 100592217 187742360 0 0 0 0 0 0 0 0 1119586 1289089 147387551 235863862 X 12562881 17378396 376084 423150 304407 304407 13243372 18105953 160630923 253969815 X 3060510 1752709 0 0 0 49362 X 0 1 X 1 0 X 1551856 1228059 905648 861509 755048 5302120 34958685 36186655 38497439 38967466 40138832 188749077 36510541 37414714 39403087 39828975 40893880 194051197 194051197 782460 688304 999585 1030389 1157813 4658551 782460 688304 999585 1030389 1157813 4658551 759764 414863 225156 212925 226139 1838847 38052765 38517881 40627828 41072289 42277832 200548595 0.96760 0.96884 0.02323 0.02169 X Schedule A, Part III, Line 12 OTHER REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 926702 0 83985 0 0 2745 1007942 936895 0 -7547 0 0 2646 926702 871937 0 67937 0 0 2979 936895 800471 0 74143 0 0 2677 871937 684447 0 118386 0 0 2362 800471 0.67 0.33 0 0 0 0 3054829 3054829 0 135646095 42869012 92777083 0 2276605 1353843 922762 0 6077574 3323508 2754066 0 7683015 0 7683015 107191755 0 DEPOSITS ON ADMISSION 1287740 RESIDENT CASH DEPOSITS 1349 1289089 X 42098334 1752709 0 0 -1733366 19343 42078991 0 0 0 42078991 37235753 0 0 0 -1027024 -1027024 38262777 0 755704 755704 39018481 Schedule D, Part V, Line 4 ENDOWMENT EARNINGS ARE USED TO FUND VARIOUS PROGRAM SERVICE COSTS SUCH AS RESIDENT SUBSIDIES. Schedule D, Part X, Line 2 THE PRESBYTERIAN HOMES, INC. AND GLENAIRE, INC. ARE NONPROFIT ORGANIZATIONS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(c)(3), AND THE PRESBYTERIAN HOMES FOUNDATION, INC. IS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(a). THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2016. IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2016 AND 2015. Schedule D, Part XI, Line 2d MANAGEMENT FEE - GLENAIRE INC: -755,704; TRANSFER FROM AFFILIATE: 49,362; FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS: -1,027,024 Schedule D, Part XII, Line 2d FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS: -1,027,024 Schedule D, Part XII, Line 4b MANAGEMENT FEES - GLENAIRE INC: 755,704 1 FINANCIAL ASSISTANCE PROVIDED TO RESIDENTS 42 1027024 0 CASH Schedule I, Part I, Line 2 THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS TO HELP SUBSIDIZE RESIDENT MONTHLY FEES. THE ORGANIZATION'S ACCOUNTING DEPARTMENT TRACKS THE NEED AND USE OF THIS ASSISTANCE. X X X X 0 0 0 0 0 0 0 0 0 JULIA HANOVER ASST TREAS - CFO 200734 0 0 0 411 0 30311 0 14525 0 245981 0 20642 0 CREIGHTON LOVVORN VP - DIRECTOR OF OPERATIONS 212273 0 0 0 1378 0 24896 0 15062 0 253609 0 17498 0 TIMOTHY WEBSTER ASST SEC - CEO 334231 0 0 0 2306 0 20390 0 17988 0 374915 0 17500 0 MARK COLLINS VP - DIRECTOR OF HR 130187 0 0 0 428 0 9395 0 11237 0 151247 0 0 0 THOMAS A SMITH EXEC DIR - RIVER LANDING AT SANDY RIDGE 140132 0 0 0 6166 0 21395 0 11984 0 179677 0 0 0 MARY WALTER-SHAFER DIRECTOR OF MARKETING 118545 0 0 0 99 0 18185 0 5226 0 142055 0 17760 0 ARNOLD THOMPSON ASSOCIATE DIRECTOR 115135 0 0 0 74 0 24138 0 10739 0 150086 0 0 0 JEAN GREGG EXEC DIR - GLENAIRE 0 136854 0 0 0 5741 0 26984 0 11835 0 181414 0 0 LAURA LOWE DIRECTOR OF MARKETING 0 162520 0 0 0 25 0 18000 0 7294 0 187839 0 0 Schedule J, Part I, Line 3 THE VICE PRESIDENT OF HUMAN RESOURCES COMPILES COMPARABILITY DATA USING AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE FOR EACH POSITION AT MARKET AVERAGE. WITH THE EXCEPTION OF PROVIDING A VEHICLE FOR THE CHIEF EXECUTIVE OFFICER, VICE PRESIDENT OF OPERATIONS AND EXECUTIVE DIRECTORS, ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. OFFICERS COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR REASONABLENESS AND APPROVAL. THIS IS DOCUMENTED IN THE BOARD MINUTES. A North Carolina Medical Care Commission 521309402 6579024M1 2006-07-13 78677497 New Construction & Refunding of Prior Bonds Issued for Co 1 0 0 B North Carolina Medical Care Commission 521309402 6579024Y5 2006-08-09 33252603 Refunding of Prior Bonds Issued for Construction for Co 1 0 0 C North Carolina Medical Care Commission 511309402 2015-07-15 14712108 Refunding of Prior Bonds Issued 0 0 0 D North Carolina Medical Care Commission 521309402 2016-04-14 20000000 New Construction 0 0 0 A 46360000 1388804 91451306 7281028 2908904 0 3072537 0 0 0 49431424 0 2008 0 1 1 1 B 39945000 0 40051391 3118216 0 0 696209 0 0 0 32798983 0 2003 0 1 1 1 C 790812 0 14712108 0 0 0 131250 0 0 0 14580858 0 2008 1 0 1 1 D 0 0 20009969 0 0 0 170944 0 0 0 19829056 0 2017 0 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 1 A 0 1 0 0 0 0 1 MORGAN STANLEY 2 1 1 0 B 0 1 0 0 0 0 0 1 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 1 1 BB&T 11 1 0 0 0 0 A 1 B 1 C 1 D 1 A North Carolina Medical Care Commission 521309402 65821DVP3 2016-09-29 82512334 Refunding of Prior Bonds Issued 0 0 0 A 0 0 82512334 0 0 0 751205 0 0 0 81761129 0 2003 1 0 1 1 A 0 0 0 0 0 0 0 1 A 0 1 0 0 1 1 BB&T 11 1 0 0 0 1 A 1 Form 990, Part IV, Line 22 PRESBYTERIAN HOMES INC PROVIDES ASSISTANCE TO RESIDENTS THROUGH REDUCED MONTHLY SERVICE FEES AND BY PARTICIPATION IN MEDICAID. THE FUNDS RECEIVED ARE INCLUDED IN RESIDENT FEES AT THE NET AMOUNT COLLECTED. Form 990, Part VI, Section B, Line 11b THE FINANCE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REVIEWING THE FORM 990. A COPY OF THE FORM 990 EXCLUDING PART VII SECTION A AND SCHEDULE J WAS PROVIDED TO EACH FINANCE COMMITTEE MEMBER. THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEWS AND RECOMMENDS THE COMPENSATION PAID AND REPORTS TO THE FULL BOARD FOR APPROVAL. THE 2015 WAGES WERE APPROVED AS FILED. THE MEMBERS HAD A QUESTION AND ANSWER PERIOD WITH MEMBERS OF MANAGEMENT. THE MEMBERS THEN VOTED ON APPROVING THE FORM 990. THE FINANCE COMMITTEE MINUTES INCLUDED DOCUMENTATION OF THE PROCESS AND DISCUSSION. THE FINANCE COMMITTEE REPORTED ON THE 990 TO THE FULL BOARD. THE FORM 990 WAS AVAILABLE UPON REQUEST TO THE OTHER BOARD MEMBERS. THE FULL BOARD VOTED ON APPROVING THE FORM 990 BASED UPON THE FINANCE COMMITTEE'S RECOMMENDATION. THE BOARD MINUTES INCLUDED DOCUMENTATION OF THE PROCESS AND DISCUSSION. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY IS PRESENTED TO THE BOARD MEMBERS ANNUALLY FOR REVIEW AND DATED SIGNATURE. BOARD MEMBERS AND MANAGEMENT UNDERSTAND THAT NO AGREEMENTS ARE ARRANGED TO CREATE A CONFLICT OF INTEREST. ANY NONCOMPLIANCE IS DISCUSSED AND NOTED IN THE BOARD MINUTES. Form 990, Part VI, Section B, Line 15 THE VICE PRESIDENT OF HUMAN RESOURCES COMPILES COMPARABILITY DATA USING AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE FOR EACH POSITION AT MARKET AVERAGE. WITH THE EXCEPTION OF PROVIDING A VEHICLE FOR THE CHIEF EXECUTIVE OFFICER, VICE PRESIDENT OF OPERATIONS AND EXECUTIVE DIRECTORS, ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. OFFICERS COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR REASONABLENESS AND APPROVAL. THIS IS DOCUMENTED IN THE BOARD MINUTES. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AT THE HOME OFFICE. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE ONLINE AT WWW.NCDOI.COM. Form 990, Part IX, Line 9 TRANSFERS OF ASSETS BETWEEN COMMUNITIES (GLENAIRE INC): 49,362 Form 990, Part IX, Line 13 THIS INCLUDES MISCELLANEOUS EXPENSES SUCH AS MAINTENANCE AND REPAIR, AND COST OF THERAPIES. Form 990, Part XI, Line 9 TRANSFER OF ASSETS BETWEEN COMMUNITIES: 49,362 GLENAIRE INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 561739542 CARE FOR THE ELDERLY NC 501 (C) (3) 509 (A) (2) N/A 1 PRESBYTERIAN HOME FOUNDATION INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 582004356 SUPPORTING ORGANIZATION NC 501 (C) (3) 509 (A) (3) N/A 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 PRESBYTERIAN HOME FOUNDATION INC c 755048 CASH BASIS GLENAIRE INC o 9517627 CASH BASIS GLENAIRE INC q 706342 CASH BASIS