2016-04-20T13:02:37-07:00 2015-09-30 990 2014-10-01 560564344 PRESBYTERIAN HOMES INC PRES 3368866553 2109 Sandy Ridge Road Colfax NC 27235 Julia Hanover Vice President - CFO 3368866553 2016-05-15 2014 2016-08-17 19:52:53Z Julia Hanover 2109 Sandy Ridge Road Colfax NC 27235 57358557 0 8627 X WWW.PRESBYTERIANHOMES.ORG X 1942 NC PROVISION OF CARE TO THE ELDERLY 24 24 928 244 0 0 905648 861509 38497439 38967466 2770392 2204231 305296 334044 42478775 42367250 1926988 1633492 0 0 16403000 17382506 0 0 104835 18974091 19413951 37304079 38429949 5174696 3937301 160169466 160630923 148736756 147387551 11432710 13243372 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 31146422 1633492 41505741 PRESBYTERIAN HOMES, INC PROVIDES RESIDENTIAL, ASSISTED LIVING AND NURSING CARE FOR APPROXIMATELY 744 ELDERLY RESIDENTS. SERVICES INCLUDE HOUSEKEEPING, FOOD SERVICE, MEDICAL AND OTHER SUPPORT SERVICES IN A CONTINUING CARE COMMUNITY. 0 0 0 31146422 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 1 121 0 1 928 1 0 0 0 0 0 0 X 24 24 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 SECRETARY 1 0 X 0 0 0 SHERRY MCKINNEY TREASURER 1 0 X 0 0 0 WILLIAM C GOODWIN JR BOARD MEMBER 1 0 X 0 0 0 WALTER G RODGERS CHAIRPERSON 1 0 X 0 0 0 CHARLES LEWALLEN BOARD MEMBER 1 0 X 0 0 0 HAROLD STIERHOFF BOARD MEMBER 1 0 X 0 0 0 DREW NEALEANS BOARD MEMBER 1 0 X 0 0 0 FRANK BUIE BOARD MEMBER 1 0 X 0 0 0 CARLYLE KINLAW JR BOARD MEMBER 1 0 X 0 0 0 KEVIN TILLEY VICE-CHAIRPERSON 1 0 X 0 0 0 PETER TOURTELLOT BOARD MEMBER 1 0 X 0 0 0 DELLE WILSON BOARD MEMBER 1 0 X 0 0 0 ELIZABETH COOLEY BOARD MEMBER 1 0 X 0 0 0 JACK HENDRIX BOARD MEMBER 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 RAYNOR BOARD MEMBER 1 0 X 0 0 0 JULIA HANOVER ASST TREAS - CFO 37.5 0 X 161023 0 34446 TIMOTHY WEBSTER ASST SEC - CEO 37.5 0 X 281072 0 34448 CREIGHTON LOVVORN VP - DIRECTOR OF OPERATIONS 37.5 0 X 178147 0 31895 MARK COLLINS VP - DIRECTOR OF HR 37.5 0 X 112931 0 16890 JEAN GREGG EXEC DIR - GLENAIRE 0 37.5 X 0 116808 27884 MARY WALTER-SHAFER DIRECTOR OF MARKETING 40 0 X 135354 0 24740 LAURA LOWE DIRECTOR OF MARKETING 0 40 X 0 127589 17416 THOMAS A SMITH EXEC DIR - RIVER LANDING AT SANDY RIDGE 37.5 0 X 120406 0 21022 988933 244397 208741 8 0 1 0 HERITAGE HEALTHCARE INC PO BOX 823424 PHILADELPHIA PA 19182 THERAPY 375413 CAROLINA THERAPY SERVICES INC 111 SOUTH RAILROAD AVE DUNN NC 28334 THERAPY 788815 UNIVERSAL PROTECTION SERVICES 26375 NETWORK PLACE CHICAGO IL 60673 SECURITY 362359 THE ALUMINUM CO OF NC 1335 HAMLIN ROAD DURHAM NC 27704 CONSTRUCTION 764653 HEALTHMEDX LLC 5100 N TOWNE CENTER DRIVE OZARK MO 65721 SOFTWARE 508967 7 0 0 0 861509 0 0 0 861509 RESIDENT SERVICE FEES 623000 31786985 31786985 0 0 AMORTIZED ENTRY FEES 623000 5749777 5749777 0 0 ANCILLARY SERVICES 621000 501818 501818 0 0 FOOD SERVICE INCOME 623000 158032 158032 0 0 MANAGEMENT FEES 623000 770854 770854 0 0 0 0 0 0 38967466 909270 0 0 909270 0 0 0 0 0 0 0 0 121119 0 0 0 121119 0 121119 0 0 121119 16286268 0 14991307 0 1294961 0 1294961 0 0 1294961 0 GOLF CLUB REVENUE 623000 99333 99333 0 0 BEAUTY SHOP REVENUE 623000 73666 73666 0 0 MISCELLANEOUS REVENUE 611210 39926 39926 0 0 0 0 0 0 212925 42367250 39180391 0 2325350 X 0 0 1633492 1633492 0 0 0 0 1152374 0 1152374 0 0 0 0 0 12773544 11120450 1571487 81607 260003 167026 92065 912 2143198 211501 1931697 0 1053387 877975 169093 6319 0 0 0 0 19906 0 19906 0 46840 10000 36840 0 0 0 0 0 0 0 90287 90287 0 0 300223 194683 105540 0 149147 0 149147 0 3826093 3233675 576824 15594 453082 0 453082 0 0 0 0 0 6651690 6642470 9220 0 88425 53108 35016 301 0 0 0 0 168031 34942 132987 102 0 0 0 0 0 0 0 0 4272088 4272088 0 0 686692 0 686692 0 FOOD COST 2162241 2162241 0 0 BAD DEBTS 196776 196776 0 0 AMORTIZATION 220583 220583 0 0 OTHER EXPENSES 81847 25125 56722 0 0 0 0 0 38429949 31146422 7178692 104835 0 0 8426618 7923334 0 0 3061405 2731464 0 0 0 0 0 0 30386 31649 340365 257307 147722126 43136537 101773267 104585589 38945819 36661667 0 0 6421982 6657765 0 0 1169624 1782148 160169466 160630923 5809249 6855928 0 0 36058852 38819820 105988866 100592217 0 0 0 0 0 0 0 0 879789 1119586 148736756 147387551 X 10746313 12562881 381990 376084 304407 304407 11432710 13243372 160169466 160630923 X 3937301 -1953877 0 0 0 -172762 X 0 1 X 1 0 X 1169615 1551856 1228059 905648 861509 5716687 34790325 34958685 36186655 38497439 38967466 183400570 35959940 36510541 37414714 39403087 39828975 189117257 189117257 732545 782460 688304 999585 1030389 4233283 732545 782460 688304 999585 1030389 4233283 236691 759764 414863 225156 212925 1849399 36929176 38052765 38517881 40627828 41072289 195199939 0.96884 0.94984 0.02169 0.04057 X Schedule A, Part III, Line 12 OTHER REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 690565 0 -3873 0 0 2245 684447 0.67 0.33 0 0 0 0 3054829 3054829 0 134092509 39130792 94961717 0 2253934 1247089 1006845 0 5721915 2758656 2963259 0 2598939 0 2598939 104585589 0 DEPOSITS ON ADMISSION 1118340 RESIDENT CASH DEPOSITS 1246 1119586 X 37836265 -1953877 0 0 -2577108 -4530985 42367250 0 0 0 42367250 36025603 0 0 0 -1633492 -1633492 37659095 0 770854 770854 38429949 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, 2015. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR PERIODS PRIOR TO 2012. 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 2015 AND 2014. Schedule D, Part XI, Line 2d MANAGEMENT FEE - GLENAIRE INC: -770,854; TRANSFER TO AFFILIATE: -172,762; FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS: -1,633,492 Schedule D, Part XII, Line 2d FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS: -1,633,492 Schedule D, Part XII, Line 4b MANAGEMENT FEES - GLENAIRE INC: 770,854 1 FINANCIAL ASSISTANCE PROVIDED TO RESIDENTS 59 1633492 0 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. Schedule I, Part III 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 160637 0 0 0 386 0 20642 0 13804 0 195469 0 21487 0 TIMOTHY WEBSTER ASST SEC - CEO 278648 0 0 0 2424 0 17500 0 16948 0 315520 0 16276 0 CREIGHTON LOVVORN VP - DIRECTOR OF OPERATIONS 176715 0 0 0 1432 0 17498 0 14397 0 210042 0 19552 0 MARY WALTER-SHAFER DIRECTOR OF MARKETING 135260 0 0 0 94 0 17760 0 6980 0 160094 0 0 0 Schedule J, Part I, Line 3 THE VICE PRESIDENT OF HUMAN RESOURCES COMPILES COMPARABILITY DATA AND PROVIDES THIS INFORMATION TO THE COMPENSATION COMMITTEE (A SUBCOMMITTEE OF THE BOARD). THIS INFORMATION IS COMPILED ON THE 'REBUTTABLE PRESUMPTION CHECKLIST' AND USED TO DETERMINE AN APPROPRIATE SALARY AND FRINGE BENEFIT PACKAGE. THE COMPENSATION COMMITTEE PRESENTS THE DETERMINATION TO THE FULL BOARD FOR APPROVAL. THE STEPS ARE 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 A 46360000 1388804 91544771 7281028 2908904 0 3072537 0 0 0 49431424 0 2008 0 1 1 1 B 39945000 0 40216186 3118216 0 0 696209 0 0 0 32798983 0 2003 0 1 1 1 C 112616 0 14712108 0 0 0 131250 0 0 0 14580858 0 2008 1 0 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 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 A 1 B 1 C 1 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 AND SCHEDULE J WAS PROVIDED TO EACH FINANCE COMMITTEE MEMBER. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWED THE PART VII AND SCHEDULE J OF THE RETURN AND THIS INFORMATION WAS 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 PRESDIENT OF HUMAN RESOURCES COMPILES COMPARABILITY DATA AND PROVIDES THIS INFORMATION TO THE COMPENSATION COMMITTEE (A SUBCOMMITTEE OF THE BOARD). THIS INFORMATION IS COMPILED USING THE 'REBUTTABLE PRESUMPTION CHECKLIST' AND USED TO DETERMINE AN APPROPRIATE SALARY AND FRINGE BENEFIT PACKAGE. THE COMPENSATION COMMITTEE PRESENTS THE DETERMINATION TO THE FULL BOARD FOR APPROVAL. THE STEPS ARE 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 13 THIS LINE INCLUDES MISCELLANEOUS EXPENSES SUCH AS MAINTENANCE & REPAIR, AND COST OF THERAPIES. Form 990, Part XI, Line 9 TRANSFER TO AFFILIATE: -172,762 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 861509 CASH BASIS GLENAIRE INC o 9706274 CASH BASIS GLENAIRE INC q 943616 CASH BASIS