2025-11-05T06:39:32-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 412273452 PHI GROUP RETURN PHIG 7175028840 ONE TRINITY DRIVE EAST STE 201 DILLSBURG PA 170198522 DYAN MCALISTER SENIOR VICE PRESIDENT/CFO/CSO 7175028840 2025-11-04 1 1 KERRI N BOGDA P00760402 7177404863 2025-10-24 2024 2025-03-06 01:10:19Z PRESBYTERIAN SENIOR LIVING DAN DAVIS JR ONE TRINITY DRIVE EAST STE 201 DILLSBURG PA 170198522 307982166 1 1 3292 X WWW.PRESBYTERIANSENIORLIVING.ORG X 1927 PA GUIDED BY THE LIFE AND TEACHINGS OF JESUS, THE MISSION OF PRESBYTERIAN SENIOR LIVING IS TO PROVIDE COMPASSIONATE, VIBRANT AND SUPPORTIVE COMMUNITIES AND SERVICES TO PROMOTE WHOLENESS OF BODY, MIND AND SPIRIT. 14 14 3497 859 258736 244416 3487655 3496241 227993555 265886833 9742219 8559910 649141 693031 241872570 278636015 91273 0 0 0 97049920 115845332 85246 76476 76476 140061992 155140204 237288431 271062012 4584139 7574003 863401377 873295743 633398958 627440508 230002419 245855235 GUIDED BY THE LIFE AND TEACHINGS OF JESUS, THE MISSION OF PRESBYTERIAN SENIOR LIVING IS TO PROVIDE COMPASSIONATE, VIBRANT AND SUPPORTIVE COMMUNITIES AND SERVICES TO PROMOTE WHOLENESS OF BODY, MIND AND SPIRIT. 0 0 201975794 0 263855491 THE ORGANIZATIONS WITHIN THE PHI GROUP FORM A NETWORK OF COMMUNITIES AND SERVICES THAT MEET THE DIVERSE NEEDS OF SENIORS IN PENNSYLVANIA, MARYLAND, DELAWARE AND SOUTHEASTERN OHIO. THE ORGANIZATIONS FOSTER AND SPONSOR LIVING FACILITIES TO PROVIDE HOUSING, AS WELL AS A FULL RANGE OF HEALTHCARE AND OTHER RELATED COMMUNITY SERVICES FOR THE ELDERLY. (10,023 RESIDENTS SERVED) 30387746 0 2031342 THE ORGANIZATIONS WITHIN THE PHI GROUP PROVIDE SERVICES WITHOUT CHARGE OR AT AMOUNTS LESS THAN THEIR ESTABLISHED RATES TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER PHI'S CHARITY CARE POLICY. BECAUSE THE ORGANIZATIONS DO NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THEY ARE NOT REPORTED AS REVENUE. IN ADDITION, THE ORGANIZATIONS CONSIDER CONTRACTUAL ALLOWANCES BENEVOLENT CARE. (517 CLIENTS) 232363540 1 1 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 1 1 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 1 625 0 3497 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 DE MD OH PA X DYAN MCALISTER SENIOR VICE PRESIDENTCFOCSO 7175028840 ONE TRINITY DRIVE EAST STE 201 DILLSBURG PA 170198522 SHARON KELLY PSL & PSL HSG MGMT & PINE RUN BRD MBR 4.00 1.00 X 0 0 0 BARBARA JONES DENISON PSL BOARD MEMBER 4.00 1.00 X 0 0 0 CHERYL D RHODES PSL BOARD MEMBER 4.00 1.00 X 0 0 0 BRENDA ELLIOTT PSL BOARD MEMBER 4.00 1.00 X 0 0 0 TERRY GOLDSTEIN PSL BRD MBR & PHPH CHAIR 4.00 1.00 X X 0 0 0 JOSEPH KINARD PSL VICE CHAIR & PIMS VICE CHAIR 4.00 1.00 X X 0 0 0 STUART PAXTON PSL & PIMS BOARD MEMBER 4.00 1.00 X 0 0 0 SUSAN REIMANN PSL CHAIR & PSL AFF. HOUSING FND VICE CHAIR 4.00 1.00 X X 0 0 0 WILLIAM SCOTT PSL & PINE RUN BOARD MEMBER 4.00 1.00 X 0 0 0 JAMES BIRDSALL PSL & PIMS BOARD MEMBER 4.00 1.00 X 0 0 0 JOSEPH SEIBERT PSL BOARD MEMBER 4.00 1.00 X 0 0 0 LAWRENCE CHOTTINER PSL & PSL AFF. HOUSING FDN BRD MBR & LONG COMMUNIT 4.00 1.00 X X 0 0 0 JENNIFER SHROPHIRE PSL BOARD MEMBER & PINE RUN CHAIR 4.00 1.00 X X 0 0 0 ROBYN STONE PSL BOARD MEMBER 4.00 1.00 X 0 0 0 KRISTI SJOHOLM-SIERCHIO PSLSI BOARD MEMBER 1.00 0.00 X 0 0 0 ANN FEDORCHAK PSL HSG MGMT VICE CHAIR 1.00 0.00 X X 0 0 0 ROBERT HORMELL PSL HSG MGMT & PSL AFF. HOUSING FND CHAIR 1.00 0.00 X X 0 0 0 SCOTT DERR PSL HSG MGMT & PIMS BOARD 1.00 0.00 X 0 0 0 JOHN FARGNOLI PSL HSG MGMT BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE GLEN PSL HSG MGMT BOARD MEMBER 1.00 0.00 X 0 0 0 PHILIP MILLER PSL HSG MGMT BRD MBR & PIMS CHAIR 1.00 0.00 X X 0 0 0 LINDA COUCH PSL AFF. HOUSING FND BRD MBR 1.00 0.00 X 0 0 0 TED ACKROYD PSL AFF. HOUSING FND BRD MBR 1.00 0.00 X 0 0 0 RANDI CARR CATHEDRAL VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 JEAN DUNCAN CATHEDRAL VILLAGE VICE CHAIR 1.00 0.00 X X 0 0 0 CAROLINE KING CATHEDRAL VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 HOLLY LANGE CATHEDRAL VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN ROSS CATHEDRAL VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 BARBARA MERRIWEATHER CATHEDRAL VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN SCOTT CATHEDRAL VILLAGE BOARD CHAIR 1.00 0.00 X X 0 0 0 MARY LYONS LONG COMMUNITY BOARD MEMBER 1.00 0.00 X 0 0 0 N ANTHONY MASTROPIETRO LONG COMMUNITY BOARD MEMBER 1.00 0.00 X 0 0 0 ANTHONY MONTGOMERY LONG COMMUNITY BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL OSTER LONG COMMUNITY BOARD CHAIR 1.00 0.00 X X 0 0 0 JANE SNYDER LONG COMMUNITY BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES BREXLER PINE RUN BOARD MEMBER 1.00 0.00 X 0 0 0 SCOTT LEVY PINE RUN BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES GREZLAK PINE RUN BOARD MEMBER 1.00 0.00 X 0 0 0 KEN SNYDER PINE RUN VICE CHAIR 1.00 0.00 X X 0 0 0 CARL CAMPBELL PRES HOMES IN PRES OF HUNTINGDON BRD MBR 1.00 0.00 X 0 0 0 JAMES HUFF PRES HOMES IN PRES OF HUNTINGDON VICE CHAIR 1.00 0.00 X X 0 0 0 SUE ESCH PRES HOMES IN PRES OF HUNTINGDON BRD MBR 1.00 0.00 X 0 0 0 ALAN ANDERSON PRES HOMES IN PRES OF HUNTINGDON BRD MBR 1.00 0.00 X 0 0 0 TIMOTHY BAER QUINCY VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 RAY MILLER QUINCY VILLAGE VICE CHAIR 1.00 0.00 X X 0 0 0 RENEE PRESO QUINCY VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 CHERYL RHODES QUINCY VILLAGE BOARD CHAIR 1.00 0.00 X X 0 0 0 BEVERLY SHOCKEY QUINCY VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 DENNIS SCHOCKEY QUINCY VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 SAMANTHA WOLFE QUINCY VILLAGE BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN O'HARA PIMS BOARD MEMBER 1.00 0.00 X 0 0 0 PATRICK WILLIAMS PIMS BOARD MEMBER 1.00 0.00 X 0 0 0 DAN DAVIS JR BOARD PRESIDENT & CEO 40.00 0.00 X 0 548230 36399 DYAN MCALISTER SENIOR VICE PRESIDENT/CFO/CSO 40.00 0.00 X 0 407120 35056 BEVERLY WICKLINE BOARD SEC'Y & EXEC ADMIN ASSISTANT 40.00 0.00 X 0 75875 11516 TODD DAVIS BRD ASST TREAS. & VP OF FIN. 40.00 0.00 X 0 143070 13449 CYNTHIA HOFFMAN BRD ASST TREAS. & VP OF FIN. (TERM 04/24) 40.00 0.00 X 0 70031 10309 DAN KRIEGER BRD ASST SEC'Y & SVP CHIEF BUS. INTEG. 40.00 0.00 X 0 242774 14850 CYNTHIA FOX SENIOR VP OF HUMAN RESOURCES 40.00 0.00 X 0 272135 17534 CHRIS BAILEY REGIONAL VP OF OPERATIONS 40.00 0.00 X 0 197516 29884 NICOLE BOWSER VP LEGAL/IN-HOUSE COUNSEL 40.00 0.00 X 0 168209 24915 MALYNDA HIVNER VP OF DEVELOPMENT 40.00 0.00 X 0 198887 8734 MELISSA CRAWL VP OF HOUSING OPERATIONS 40.00 0.00 X 184680 0 25699 JESSICA LELII VP HUMAN RESOURCES 40.00 0.00 X 0 184174 8269 DEB LARKIN VP OF COMPLIANCE & PRIVACY 40.00 0.00 X 0 180033 8769 JESSICA SHARER VP OF CLINICAL EXCELLENCE 40.00 0.00 X 0 200395 9752 KATE HERSHEY CHIEF OPERATING OFFICER 40.00 0.00 X 0 302380 30216 MAGGIE BOWLEY VP OF RESOURCE DEVELOPMENT 40.00 0.00 X 0 156075 14826 JULIANNE DEVANEY AREA DIRECTOR - GLEN MEADOWS 40.00 0.00 X 203513 0 11709 CHARLES J GERGITS EXECUTIVE DIRECTOR - PINE RUN VILLAGE 40.00 0.00 X 175653 0 28869 AMBER HURLEY AREA DIRECTOR - GREEN RIDGE VILLAGE 40.00 0.00 X 187273 0 9080 BONNIE LINE SNF RN SUPERVISOR - QUINCY VILLAGE 40.00 0.00 X 189730 0 0 WENDY L NERAD EXECUTIVE DIRECTOR - WESTMINSTER VILLAGE DOVER 40.00 0.00 X 178035 0 15921 STEPHEN PROCTOR FORMER PRES. & CEO (TERM. 06/19) 0.00 X 0 192022 0 1118884 3538926 365756 95 1 1 0 BENCHMARK THERAPIES INC 403 6TH STREET PO BOX 870 HUNTINGDON PA 166520870 THERAPY 10130706 BENCHMARK CONSTRUCTION COMPANY INC 4121 OREGON PIKE PO BOX 806 BROWNSTOWN PA 17508 CONSTRUCTION 3862649 WAYNESBORO CONSTRUCTION CO INC 215 WEST FIFTH ST PO BOX 229 WAYNESBORO PA 17268 CONSTRUCTION 3214748 HEALTHDIRECT INSTITUTIONAL PHARMACY SERV 201 EAST CHESTNUT ST LANCASTER PA 17602 PHARMACY SERVICES 3211650 PRELUDE SERVICES 5095 RITTER RD STE 112 MECHANICSBURG PA 17055 IT SUPPORT 3211425 215 80011 25638 855319 2535273 2799 3496241 RESIDENT SERVICE REVENUE 623000 263412106 263412106 MANAGEMENT FEE INCOME 623000 1182991 1182991 TENANT RENT 623000 680833 680833 SERVICE AGREEMENT INCOME 623000 610903 610903 265886833 6837788 274051 6563737 617687 0 617687 617687 617687 29864643 1174368 28783250 533639 1081393 640729 1722122 -15315 1737437 18139 80011 21373 -3234 -3234 15029 7889 7140 7140 QUALITY ENHANCEMENT PROG. 900099 35667 35667 MISC. INCOME 900099 10544 10544 SETTLEMENTS 900099 9728 9728 15499 15499 71438 278636015 265886833 258736 8994205 X 210379 210379 94860511 89854675 5005836 1290497 1217656 72841 12428797 11775681 653116 7055148 6650166 404982 21525555 1575552 19950003 1809 1809 16120 16120 76476 76476 410970 410970 27723955 27413754 310201 6540793 4230003 2310790 3868361 505673 3362688 15421849 15227771 194078 2338 291 2047 15488 12 15476 17499912 15470495 2029417 32480029 32272822 207207 10043658 9601981 441677 FOOD AND BEVERAGE 10017613 9930008 87605 MEDICAL SUPPLIES 6412091 6412091 OTHER OPERATING EXPENSE 3159663 224909 2934754 271062012 232363540 38621996 76476 26888 28162 16025294 12216150 305237 235422 16892984 16914212 904176 863805 617010 582984 3647789 4882220 926731367 425125049 497852176 501606318 141747297 154793184 13296050 13274827 30614214 27206506 141472262 140691953 863401377 873295743 40630726 30593938 159965507 177506224 274809209 272767662 107047568 81662680 2608801 2051564 48337147 62858440 633398958 627440508 X 201153689 215052931 28848730 30802304 230002419 245855235 863401377 873295743 X 7574003 8508133 -229320 X 0 1 X 1 1 1 X 15615917 22706640 8301714 3487655 3496241 53608167 220450767 211880330 204353877 227947317 265886833 1130519124 236066684 234586970 212655591 231434972 269383074 1184127291 55161 26094 93099 26180 98352 298886 0 55161 26094 93099 26180 98352 298886 1183828405 3225168 4031610 3729653 5509923 7455475 23951829 3225168 4031610 3729653 5509923 7455475 23951829 44835 42865 87700 1072761 1250905 254846 52638 104606 2735756 240409448 239869485 216640090 237040398 276943155 1210902576 0.97760 0.98140 0.01980 0.01610 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DEVELOPER FEE INCOME - 2020 AMOUNT: $ 912,800. 2021 AMOUNT: $ 948,000. 2022 AMOUNT: $ 132,000. RESIDENT UPGRADES - 2020 AMOUNT: $ 66,605. 2021 AMOUNT: $ 15,098. 2022 AMOUNT: $ 20,248. 2023 AMOUNT: $ 3,310. MANAGEMENT SERVICES - 2020 AMOUNT: $ 44,345. 2024 AMOUNT: $ 653. EASEMENT AGREEMENT - 2020 AMOUNT: $ 10,100. COVID-19 INCOME - 2020 AMOUNT: $ 15,117. MISC INCOME - 2020 AMOUNT: $ 16,104. 2021 AMOUNT: $ 35,646. 2022 AMOUNT: $ 46,460. 2023 AMOUNT: $ 23,054. 2024 AMOUNT: $ 10,547. REBATES AND REFUNDS - 2021 AMOUNT: $ 36,792. 2022 AMOUNT: $ 42,767. 2023 AMOUNT: $ 10,434. 2024 AMOUNT: $ 4,053. REIMBURSEMENTS - 2021 AMOUNT: $ 4,905. PAY FOR PERFORMANCE - 2021 AMOUNT: $ 190,226. NON-CHARITABLE FUNDRAISING RECEIPTS - 2020 AMOUNT: $ 7,690. 2021 AMOUNT: $ 20,238. 2022 AMOUNT: $ 13,371. 2023 AMOUNT: $ 15,840. 2024 AMOUNT: $ 18,139. SETTLEMENTS - 2024 AMOUNT: $ 9,728. NON-CHARITABLE GAMING RECEIPTS - 2024 AMOUNT: $ 15,029. LANDSCAPING SERVICES - 2024 AMOUNT: $ 4,165. VENDING MACHINE INCOME - 2024 AMOUNT: $ 60. LATE FEES - 2024 AMOUNT: $ 525. PARTNERSHIP DISTRIBUTIONS - 2024 AMOUNT: $ 6,040. QUALITY ENHANCEMENT PROG - 2024 AMOUNT: $ 35,667. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 2.00 1 0 8751114 228836 131733 47208 9064475 8533298 244827 124618 151629 8751114 7977576 497208 147460 88946 8533298 7582724 351354 104098 60600 7977576 7361766 342928 198341 320311 7582724 0.00000 0.74000 0.26000 0 0 47278397 47278397 780856471 370375736 410480735 61850826 48174275 13676551 36745673 6575038 30170635 501606318 FUNDS HELD IN TRUST BY OTHERS 19953487 CAPITAL AND OPERATING ASSETS UNDER LEASE 921729 OTHER ASSETS 39528 DUE FROM AFFILIATES 100202347 TENANT SECURITY DEPOSITS 4161 RESTRICTED DEPOSITS AND FUNDED RESERVES 19277661 ASSETS WHOSE USE IS LIMITED 293040 140691953 RESIDENT DEPOSITS 3640167 ENTRANCE FEES PAYABLE 28107473 ANNUITIES PAYABLE 253464 OBLIGATIONS UNDER CAPITAL AND OPERATING LEASE 2435218 DEFERRED ENERGY COSTS 704017 DUE TO AFFILIATES 21411624 LINE OF CREDIT 6306477 62858440 PART II, LINE 9: GLEN MEADOWS RETIREMENT COMMUNITY CONTRACTED WITH A THIRD PARTY VENDOR TO MANAGE THE CONSERVATION EASEMENT. AS SUCH, THERE IS NO REPORTING ON THE FINANCIALS FOR THIS EASEMENT. PART V, LINE 4: ENDOWMENT FUNDS CONSIST OF DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUPPORTING THE CORPORATION. THIS INCLUDES, BUT IS NOT LIMITED TO, CHARITY CARE. X X 1 GREEN OAK CONSULTING 915 HIGHLAND POINT BLVD SUITE 250 ROSEVILLE CA 95670 FUNDRAISING CONSULTING 0 0 76745 -76745 76745 -76745 PA PSL GOLF TOURNAMENT 82150 65611 16539 2550 16539 190 2094 WESTERN GOLF 16000 14400 1600 98150 80011 18139 2550 16539 190 2094 21373 -3234 15029 6056 1833 0 15029 6056 1833 7889 7140 PA MD 1 0 1 0 0.50000 0.50000 BRIANNA FARHAT 1 TRINITY DRIVE EAST STE 201 DILLSBURG PA 17019 0 BRIANNA FARHAT 0 BRIANNA FARHAT MANAGES THE GAMING-RELATED PAPERWORK BUT HER COMPENSATION IS NOT PREDICATED ON THIS RESPONSBILITY. X 0 X X X 1 1 0 1 1 1 1 0 0 DAN DAVIS JR BOARD PRESIDENT & CEO 0 487020 0 24811 0 36399 0 0 0 36399 0 584629 0 0 DYAN MCALISTER SENIOR VICE PRESIDENT/CFO/CSO 0 347315 0 13608 0 46197 0 0 0 35056 0 442176 0 0 KATE HERSHEY CHIEF OPERATING OFFICER 0 289958 0 0 0 12422 0 0 0 30216 0 332596 0 0 CYNTHIA FOX SENIOR VP OF HUMAN RESOURCES 0 233926 0 0 0 38209 0 0 0 17534 0 289669 0 0 DAN KRIEGER BRD ASST SEC'Y & SVP CHIEF BUS. INTE 0 231434 0 0 0 11340 0 0 0 14850 0 257624 0 0 CHRIS BAILEY REGIONAL VP OF OPERATIONS 0 195530 0 0 0 1986 0 0 0 29884 0 227400 0 0 JULIANNE DEVANEY AREA DIRECTOR - GLEN MEADOWS 183205 0 18018 0 2290 0 0 0 11709 0 215222 0 0 0 MELISSA CRAWL VP OF HOUSING OPERATIONS 183754 0 0 0 926 0 0 0 25699 0 210379 0 0 0 JESSICA SHARER VP OF CLINICAL EXCELLENCE 0 198670 0 0 0 1725 0 0 0 9752 0 210147 0 0 MALYNDA HIVNER VP OF DEVELOPMENT 0 196887 0 2000 0 0 0 0 0 8734 0 207621 0 0 CHARLES J GERGITS EXECUTIVE DIRECTOR - PINE RUN VILLAG 174006 0 733 0 914 0 0 0 28869 0 204522 0 0 0 AMBER HURLEY AREA DIRECTOR - GREEN RIDGE VILLAGE 186923 0 0 0 350 0 0 0 9080 0 196353 0 0 0 WENDY L NERAD EXECUTIVE DIRECTOR - WESTMINSTER VIL 171469 0 5000 0 1566 0 0 0 15921 0 193956 0 0 0 NICOLE BOWSER VP LEGAL/IN-HOUSE COUNSEL 0 167663 0 0 0 546 0 0 0 24915 0 193124 0 0 JESSICA LELII VP HUMAN RESOURCES 0 181797 0 2000 0 377 0 0 0 8269 0 192443 0 0 STEPHEN PROCTOR FORMER PRES. & CEO (TERM. 06/19) 0 0 0 0 0 192022 0 0 0 0 0 192022 0 0 BONNIE LINE SNF RN SUPERVISOR - QUINCY VILLAGE 112780 0 76950 0 0 0 0 0 0 0 189730 0 0 0 DEB LARKIN VP OF COMPLIANCE & PRIVACY 0 179179 0 0 0 854 0 0 0 8769 0 188802 0 0 MAGGIE BOWLEY VP OF RESOURCE DEVELOPMENT 0 152042 0 0 0 4033 0 0 0 14826 0 170901 0 0 TODD DAVIS BRD ASST TREAS. & VP OF FIN. 0 141824 0 0 0 1246 0 0 0 13449 0 156519 0 0 PART I, LINE 3 EACH YEAR, SALARIES FOR EXECUTIVES ARE DETERMINED BASED ON COMPARATIVE DATA FROM LEADING AGE'S SPONSORED SALARY SURVEY CALLED CEMO LEADERSHIP COMPENSATION SURVEY. THESE SALARIES ARE THEN APPROVED BY THE BOARD OF DIRECTORS. FOR HIGHEST PAID EMPLOYEES, SALARIES ARE SET DURING THE YEARLY BUDGET PROCESS BY THE EXECUTIVE DIRECTORS OF EACH FACILITY IN CONJUNCTION WITH THE VP OF FINANCE AND CHIEF FINANCIAL OFFICER. THESE WAGES ARE ALSO COMPARED TO MARKET STUDIES AND ARE APPROVED, IN TOTAL, BY THE BOARD. PART I, LINES 4A-B STEPHEN PROCTOR, FORMER PRESIDENT & CEO, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $192,022 DURING THE YEAR AS SHOWN IN COLUMN (III). CYNTHIA FOX, SENIOR VP OF HUMAN RESOURCES, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $32,041 DURING THE YEAR AS SHOWN IN COLUMN (III). DAN DAVIS JR, BOARD PRESIDENT & CEO, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $19,000 DURING THE YEAR WHICH IS INCLUDED IN COLUMN (III). DYAN MCALISTER, BOARD TREASURER & SENIOR VICE PRESIDENT & CFO, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $42,312 DURING THE YEAR WHICH IS INCLUDED IN COLUMN (III). DANIEL KRIEGER, SR. VP OF RISK, COMP & BUS DEV., PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $8,800 DURING THE YEAR WHICH IS INCLUDED IN COLUMN (III). KATE HERSHEY, SVP OF OPERATIONS/COO, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN AND RECEIVED $10,400 DURING THE YEAR WHICH IS INCLUDED IN COLUMN (III). PART I, LINE 5 EXECUTIVE STAFF ARE GIVEN AN INCENTIVE PLAN BASED ON FINANCIAL GOALS AND GROWTH AND DEVELOPMENT GOALS AS WELL AS QUALITY AND RESIDENT AND EMPLOYEE SATISFACTION GOALS. THESE GOALS NEED TO BE MET NOT ONLY AT THE CORPORATE LEVEL, BUT ALSO AT A PERCENTAGE OF THE RELATED ORGANIZATIONS. PRESBYTERIAN SENIOR LIVING MUST MEET OPERATING MARGIN TARGETS WHICH EXCEED PLAN IN TOTAL AT BOTH THE CORPORATE LEVEL AND AT A MAJORITY OF THE FACILITIES. PART I, LINE 6 EXECUTIVE STAFF ARE GIVEN AN INCENTIVE PLAN BASED ON FINANCIAL GOALS AND GROWTH AND DEVELOPMENT GOALS AS WELL AS QUALITY AND RESIDENT AND EMPLOYEE SATISFACTION GOALS. THESE GOALS NEED TO BE MET NOT ONLY AT THE CORPORATE LEVEL, BUT ALSO AT A PERCENTAGE OF THE RELATED ORGANIZATIONS. PRESBYTERIAN SENIOR LIVING MUST MEET OPERATING MARGIN TARGETS WHICH EXCEED PLAN IN TOTAL AT BOTH THE CORPORATE LEVEL AND AT A MAJORITY OF THE FACILITIES. A QUINCY SEWER AUTHORITY REVENUE BONDS SERIES 2016 251796914 2016-06-15 20000000 SEE PART VI 0 0 0 B PENNSYLVANIA ECONOMIC FINANCING AUTHORITY BOND SERIES 2018 236003102 2018-12-28 30000000 SEE PART VI 0 0 0 C NORTHAMPTON CNTY INDUSTRIAL DEVELOPMENT AUTHORITY REVENUE BONDS SERIES 2020 231971754 2020-06-01 15000000 CAPITAL IMPROVEMENTS 0 0 0 D PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY 383849352 70869PNK9 2021-07-14 66681245 REFUND PRIOR YEAR BONDS AND CAPITAL IMPROVEMENTS 0 0 0 A 4781423 20000000 74250 20000000 2017 0 0 1 1 B 3918000 30053015 1692 156543 29843457 2020 0 0 1 1 C 1367915 15000000 15000000 2020 0 0 1 1 D 1360000 59530000 827478 34142092 28474277 4064876 2025 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: QUINCY SEWER AUTHORITY REVENUE BONDS SERIES 2016 (06/15/2016) (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE QUINCY SEWER AUTHORITY REVENUE BONDS SERIES 2016 WERE USED TO BUILD, FURNISH AND EQUIP THE QUINCY SMALL HOUSES AND THE INDEPENDENT LIVING FACILITY OF PRESBYTERIAN VILLAGE AT HOLLIDAYSBURG, AND TO PAY FOR A PORTION OF THE COSTS AND EXPENSES ASSOCIATED WITH SUCH FINANCING. (A) ISSUER NAME: PENNSYLVANIA ECONOMIC FINANCING AUTHORITY BOND SERIES 2018 (12/28/2018) (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE PENNSYLVANIA ECONOMIC FINANCING AUTHORITY BOND SERIES 2018 WILL BE USED TO FINANCE CAPITAL IMPROVEMENTS TO WARE NURSING FACILITY, CAPITAL IMPROVEMENTS TO QUINCY ASSISTED LIVING AND INDEPENDENT LIVING UNITS, AND CAPITAL IMPROVEMENTS TO THE CATHEDRAL VILLAGE COVER WALKWAY PHASE II. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN(E) DUE TO THE BONDS BEING ISSUED AT A DISCOUNT. A PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY 383849352 70869PPE1 2023-08-01 131805000 REFUND PRIOR YEAR BONDS AND CAPITAL IMPROVEMENTS 0 0 0 B NATIONAL FINANCE AUTHORITY REVENUE BONDS 521304598 63607YBJ8 2023-08-01 27895000 CAPITAL IMPROVEMENTS 0 0 0 A 35000 128972425 9407017 2123661 36987123 89861641 2025 1 0 0 1 B 26954102 436415 8813931 17210438 2025 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 2 WILLIAM SCOTT AND SUSAN SCOTT HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER AND OTHER TOP EXECUTIVES REVIEW THE FORM 990 IN DETAIL. THEN THE RETURN IS PROVIDED TO THE ORGANIZATION'S AUDIT COMMITTEE PRIOR TO THE FORM'S SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE OFFICERS, DIRECTORS AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST FORM. THE COMPLIANCE DEPARTMENT ANNUALLY REVIEWS THE CONFLICT OF INTEREST DISCLOSURES REMITTED FROM THE OFFICERS, DIRECTORS AND KEY EMPLOYEES TO UPDATE AND MONITOR ANY CHANGES THAT COULD CAUSE A POTENTIAL CONFLICT OF INTEREST. FAMILY AND BUSINESS RELATIONSHIPS ARE CONSIDERED AS POSSIBLE SOURCES OF CONFLICTS OF INTEREST. SHOULD A CONFLICT OF INTEREST ARISE, THE FOLLOWING PROCEDURES ARE FOLLOWED: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE PSL GOVERNANCE COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE PSL GOVERNANCE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. TO AVOID THE APPEARANCE OF IMPROPRIETY AND TO PROVIDE FOR GREATER TRANSPARENCY, THE ORGANIZATION HAS ADOPTED A GENERAL PROHIBITION ON CONDUCTING BUSINESS WITH ANY ENTITY OR PERSON IN WHOM AN INTERESTED INDIVIDUAL HAS A FINANCIAL INTEREST, AND A GENERAL PROHIBITION ON AN INTERESTED INDIVIDUAL SOLICITING THE ORGANIZATION IF IT WOULD CREATE A POTENTIAL CONFLICT OF INTEREST. D. THE GENERAL PROHIBITION DESCRIBED IN (C) ABOVE SHALL NOT APPLY TO (I) ORDINARY COURSE TRANSACTIONS BETWEEN PSL AND AN INTERESTED INDIVIDUAL SUCH AS PAYMENTS FOR RESIDENT CARE OR CHARITABLE GIFTS: OR (II) INCIDENTAL TRANSACTIONS WHERE THE VALUE OF THE TRANSACTION IS LESS THAN $1,000 ANNUALLY. E. IN ADDITION, THE PSL GOVERNANCE COMMITTEE WILL, ON A CASE BY CASE BASIS, CONSIDER OTHER EXCEPTIONS TO THE GENERAL PROHIBITION DESCRIBED IN (C) ABOVE, BASED ON A "COMPELLING BENEFIT" TO THE ORGANIZATION, BUT ONLY IN THE FOLLOWING CIRCUMSTANCES: I. WHERE THE PSL GOVERNANCE COMMITTEE DETERMINES THERE ARE EXIGENT CIRCUMSTANCES; OR II. WHERE THERE IS A DETERMINATION BY THE PSL GOVERNANCE COMMITTEE THAT THERE IS NO REASONABLE ALTERNATIVE TO TRANSACTING BUSINESS WITH THE INTERESTED INDIVIDUAL, COUPLED WITH A DETERMINATION BY THE PSL GOVERNANCE COMMITTEE THAT THE TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTERESTS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 EVERY YEAR, SALARIES FOR EXECUTIVES ARE DETERMINED BASED ON COMPARATIVE DATA FROM LEADING AGE'S SPONSORED SALARY SURVEY CALLED CEMO LEADERSHIP COMPENSATION SURVEY. THESE SALARIES ARE THEN APPROVED BY THE BOARD OF DIRECTORS. FOR HIGHEST PAID EMPLOYEES, SALARIES ARE SET DURING THE YEARLY BUDGETING PROCESS BY THE EXECUTIVE DIRECTORS OF EACH FACILITY IN CONJUCTION WITH THE VP OF FINANCE AND CHIEF FINANCIAL OFFICER. THESE WAGES ARE ALSO COMPARED TO MARKET STUDIES AND ARE APPROVED, IN TOTAL, BY THE BOARD. THE COMPENSATION COMMITTEE MEETS SEPARATELY AND DISCUSSIONS ARE INCLUDED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 PRESBYTERIAN SENIOR LIVING AND ALL OF ITS AFFILIATES ARE WORKING HARD TO PROMOTE TRANSPARENCY. THEREFORE, CURRENT MONTH/QUARTERLY FINANCIAL STATEMENTS ARE POSTED RIGHT ON THE PSL WEBSITE, ALONG WITH CENSUS AND YEAR END AUDITS. ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 27,413,754. MANAGEMENT AND GENERAL EXPENSES 310,201. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,723,955. FORM 990, PART XI, LINE 9: ANNUITY ADJUSTMENT 10,626. LOSS ON EARLY RETIREMENT OF DEBT 57,125. LOSS ON ABANDONED PROJECTS -102,723. SALE OF GENEVA HOUSE & PRESBY APTS NET ASSETS -194,348. 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