2015-11-06T14:52:03-07:00 2014-12-31 990 2014-01-01 250979369 Presbyterian Homes in the Presbytery of Lake Erie PRES 8143141712 1225 School Road Erie PA 165052691 Gary Seib Treasurer 8143141718 2015-11-06 2014 2016-02-25 16:41:14Z Gary Seib 1225 School Road Erie PA 16505 25187618 0 X www.presbyhomes.com X 1943 PA See Schedule O 11 10 652 426 0 0 177724 73251 22326861 23576738 -28366 459652 55220 58723 22531439 24168364 0 0 0 0 13794088 14807982 19250 0 130466 8294391 9329771 22107729 24137753 423710 30611 32842379 41040478 15244131 24371431 17598248 16669047 To be a compassionate, inclusive faith-inspired network of communities and services committed to enhancing the quality of life of older adults. 0 0 20866808 0 23576738 To provide individualized levels of care, including related health and medical services in short-term rehabilitation, short and long-term nursing care, memory care, personal care and independent living. In 2014, 64% of our Nursing Home payor mix were Medical Assistance patients which resulted in a $2,583,252 write off in revenue and 16% of our Personal Care patients received benevolent care totaling $263,569. 0 0 0 20866808 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 77 0 1 652 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X Gary Seib Treasurer Presbyterian Homes 8143141712 1225 School Road Erie PA 165052691 Frederick G Fiedler Board Chair 3.00 0 X 0 0 0 Ann Bloxdorf Board Member 2 0 X 0 0 0 James B Ohrn Finance Chair 3 0 X 0 0 0 Michael V Sergi Jr Board Member 1 0 X 0 0 0 Rev David Oyler Board Member 1 0 X 0 0 0 Caroline Staab Board Member 2 0 X 0 0 0 Jack Martin Board Member 1 0 X 0 0 0 Rev Jack Kyle Board Member 1 0 X 0 0 0 Edward Althof Board Member 2 0 X 0 0 0 Ellen Pfadt Board Member 1 0 X 0 0 0 Jean Tauber Board Member 1 0 X 0 0 0 Roberta Gray Senior Director 50 0 X 0 0 0 Gary Seib Treasurer 50 0 X 110595 0 22403 110595 0 22403 1 0 0 0 Alliance Rehab HVA LLC 1520 Kensington Rd STE 110 Oak Brook IL 60523 Therapy Services 1914244 SFCS 305 South Jefferson Street Roanoke VA 24011 Architecture Engineering Planning Interiors 537555 Healthcare Services Group Inc 3220 Tillman Drive Suite 300 Bensalem PA 19020 Professional Management Services 327563 Senior Care Network 1215 Hulton Road Oakmont PA 15139 Real Estate Management Services 318347 Electrical and Mechanical Systems Inc 316 Cherry Street Erie PA 16507 Contractor 288469 18 0 0 0 0 0 73251 0 73251 LTC for Elderly - MC & MA 623000 14772216 14772216 0 0 LTC for elderly -Private Pay & Other 623000 8730259 8730259 0 0 Management Fees 531390 26606 26606 0 0 Changes in Equity and Joint Venture 623000 47657 47657 0 0 0 0 0 0 23576738 150326 0 0 150326 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1150330 178250 805678 213576 344652 -35326 309326 0 0 309326 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Receipts from Trusts 525920 58723 0 0 58723 0 0 0 0 58723 24168364 23576738 0 518375 0 0 0 0 0 0 0 0 110595 0 110595 0 0 0 0 0 12132365 10731027 1320378 80960 75000 65833 8779 388 1434266 1280422 153147 697 1055756 907943 136094 11719 0 0 0 0 74964 0 74964 0 27000 0 27000 0 0 0 0 0 0 0 0 0 0 0 10500 0 0 10500 237253 0 225113 12140 153727 41771 110388 1568 235336 0 232497 2839 0 0 0 0 997934 997934 0 0 75215 75009 206 0 0 0 0 27043 17881 9093 69 0 0 0 0 0 0 0 0 1558433 1514826 43607 0 366975 342820 24155 0 Professional Fees 2566721 2192979 373742 0 Operating Supplies 1141314 1141246 68 0 Food and Provisions 605009 605009 0 0 Maintenance and Repair 434028 434028 0 0 818319 593089 215850 9380 24137753 20866808 3140479 130466 28015 24381 905633 1520419 30300 10400 2997006 2722142 0 0 0 0 0 0 50251 43173 456537 601062 36261598 14837999 19291567 21423599 4589592 4700639 0 0 0 0 0 0 4493478 9994663 32842379 41040478 2006541 2173325 267283 457836 0 0 0 12523200 20617658 447107 1122612 15244131 24371431 X 15645991 14694208 205382 217118 1746875 1757721 17598248 16669047 32842379 41040478 X 30611 -251828 0 -28300 0 -679684 X X 0 1 X 1 0 X 38129 88755 117453 177724 73251 495312 21595933 21770167 21034273 22160844 23886064 110447281 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21634062 21858922 21151726 22338568 23959315 110942593 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 110942593 193599 200853 196871 192869 209049 993241 193599 200853 196871 192869 209049 993241 21827661 22059775 21348597 22531437 24168364 111935834 0.99113 0.99123 0.00887 0.00877 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 418462 418462 0 9979931 3712957 6266974 0 0 0 0 0 6987770 3879391 3108379 0 18875435 7245651 11629784 21423599 Construction in Escrow 7795633 Held in Trust by Others 1752245 Equity in Joint Ventures 446785 9994663 Interest Rate Swap Liability 1122612 1122612 X 23208552 -251828 0 0 -707984 -959812 24168364 0 0 0 24168364 24137753 0 0 0 0 0 24137753 0 0 0 24137753 Schedule D, Part X, Line 2 The Organization is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Organization is subject to federal income tax on any unrelated business taxable income. The Organization files tax returns in the U.S. federal jurisdiction. With a few exceptions, the Organization is not longer subject to U.S. federal examinations by tax authorities for years before 2011. Schedule D, Part XI, Line 2d Total of: Change in Value of Assets Whose Use is Limited ($4,179), Investment Expenses ($28,300) and Interest Rate Swap Adjustment ($675,505). Frederick Fiedler Board Chair 402020 Fred Fiedler is Operating Company President of USI MidWest Insurance Services Erie, PA location. Presbyterian Homes purchases workers compensation, property & liabiltiy and miscellaneous insurance coverages from USI Midwest. The total amount reported represents premiums paid for these products during 2014. 0 Form 990, Part I, Line 1 We are committed to providing a continuum of care consisting of short term rehabilitation, long term skilled care, memory care, personal care and independent living, all within a home-like setting and with a person-centered care philosophy, serving the Presbytery of Lake Erie (Erie, Crawford, Warren, Venango, McKean and Forest counties). Presbyterian Homes operates three skilled nursing facilities, two in Erie, PA (Manchester Commons and Elmwood Gardens) and one in Oil City, PA (Oakwood Heights). Presbyterian Homes also operates two personal care homes, one at Manchester Commons and one at Elmwood Gardens. These facilities continue to provide care even after the resident has exhausted their own resources. Hospice care is provided through a partnership with local hospice providers so that residents and their families have the full assurance of comprehensive care through end of life. In 2014, Presbyterian Homes provided $263,569 in benevolent and uncompensated care. Form 990, Part VI, Section A, Line 3 Presbyterian Homes entered into an agreement with SeniorCare Network, Inc. (SCN), a management and consulting affiliate of Presbyterian Senior Care, to provide management services to Presbyterian Homes for a two-year period that began on January 1, 2012. This agreement was renewed on January 1, 2014 for another one-year period. The agreement stipulates monthly management fees in addition to reimbursement of certain direct expenses. Also, under the agreement, SCN provides a regional manager to oversee the daily operations of the Presbyterian Homes' communities. In October 2014, Presbyterian Homes and Presbyterian Senior Care signed an agreement of affiliation pending review by the Commonwealth's Attorney General's Office. The affiliation was complete effective March 1, 2015. Form 990, Part VI, Section B, Line 11b A copy of the Form 990 was provided directly or emailed to each director of the board prior to filing the Form 990. A ten day period is given for review. Any proposed changes or comments received are reviewed by the officers of the organization, after which the document is filed with the Internal Revenue Service. Form 990, Part VI, Section B, Line 12c The organization has a written conflict of interest policy. All officers, directors and key employees are required to complete a conflict of interest questionnaire annually. The questionnaires are then reviewed by the Corporate Compliance Officer who then reports back to the board with any findings and/or corrective actions. To date we have had no unresolved conflict of interest problems. Form 990, Part VI, Section B, Line 15 Presbyterian Homes has a compensation program in place which covers all employees. A regional human resource and management consulting firm provides recommendations to update both the salary structure and adjustments to wages. These recommendations are incorporated into the annual budget which is reviewed and approved by both the finance committee and the board of directors. The compensation for officers is included in this process. Compensation for officers is specifically reviewed and established by the board's executive committee. The Senior Director is an employee of SeniorCare Network, Inc. (SCN), a management and consulting affiliate of Presbyterian SeniorCare. The compensation for the Senior Director is formulated by SCN and reviewed with the board of Presbyterian Homes. No independent board members are compensated in any way. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. We will make copies of requested documents at IRS approved rates per page, or the requestor may come to the offices to review the documents by appointment during normal business hours. Form 990, Part XI, Line 9 Other changes in net assets or fund balances: Change in Value of Assets Whose Use is Limited ($4,179) and Interest Rate Swap Adjustment ($675,505). Form 990, Part XII, Line 2c The organization uses BKD, LLC, a regional accounting firm, as their independent auditor. Presbyterian Homes has an audit committee that meets to review the annual audited financial statement with BKD, LLC. They also have a private session, without management present, with the auditors at that meeting. The committee chooses the auditing firm, and approves their fee. A management letter, if there are any management comments, is prepared by BKD, LLC and reviewed with the committee. Corrective action is documented if needed.