2026-05-07T12:12:52-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 20 STANWIX STREET PITTSBURGH PA 15222 990 2024-07-01 521381348 ANNAPOLIS LIFE CARE INC ANNA 4102667300 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 WILLIAM E GIBSON JR CFO 4102667300 2026-05-05 1 1 KELLY A BROCIOUS P01254262 4126976400 2026-04-16 2024 2025-03-06 01:10:19Z GINGER COVE CHARLES WARNER 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 31461899 0 X WWW.GINGERCOVE.COM X 1988 MD TO OWN AND OPERATE A CONTINUING CARE COMMUNITY FOR CONTRACT HOLDERS OF THE AGE OF 60 AND OLDER. 9 9 330 75 0 0 101160 1000 25503964 28728152 1148493 2520768 181942 211979 26935559 31461899 0 0 0 0 13640963 15474014 0 0 0 17942002 17721848 31582965 33195862 -4647406 -1733963 114077205 117615664 173356449 175772091 -59279244 -58156427 OUR VISION - A PREMIER LIFE-CARE COMMUNITY COMMITTED TO QUALITY. OUR MISSION - TO PROVIDE RESIDENTS AN ABUNDANT LIFE. OUR VALUES - RESIDENT INDEPENDENCE, DIGNITY, SECURITY, STAFF EXCELLENCE, BUSINESS INTEGRITY, AND FISCAL PRUDENCE. 0 0 18381702 18967785 ANNAPOLIS LIFE CARE, INC. OPERATES A LIFE-CARE COMMUNITY WHICH OFFERS THREE LEVELS OF CARE. THESE CONSIST OF INDEPENDENT LIVING, ASSISTED LIVING, AND NURSING. INDEPENDENT LIVING - THE ORGANIZATION PROVIDES HOUSING FOR CERTAIN CONTRACT HOLDERS, HEALTH CARE, AND RECREATIONAL ACTIVITIES FOR SENIOR CITIZENS WHO ARE STILL ABLE TO MAINTAIN AN ACTIVE LIFESTYLE. THERE WERE 232 INDEPENDENT LIVING UNITS AVAILABLE WITH AN AVERAGE OCCUPANCY RATE OF 97.2%. 5716713 5898985 SKILLED NURSING - THE ORGANIZATION HAS A 55-BED COMPREHENSIVE CARE COMMUNITY HEALTH CENTER FOR RESIDENTS WHO REQUIRE A HIGH LEVEL OF SKILLED NURSING ASSISTANCE. TEMPORARY AND PERMANENT CARE DAYS TOTALED 16,127. 3947499 4073361 ASSISTED LIVING - THIS PROGRAM IS FOR SENIOR CITIZENS WHO MAY NEED ADDITIONAL HELP TO MAINTAIN A HEALTHY LIFESTYLE BUT WHO DO NOT REQUIRE SKILLED NURSING. THE ORGANIZATION HAS 50 UNITS FOR ASSISTED LIVING, 15 MEMORY CARE UNITS, AND 6 BEDS IN THE HEALTH CENTER WHICH PROVIDED A TOTAL OF 19,637 LIFE CARE DAYS. 28045914 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 79 0 330 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X WILLIAM E GIBSON JR 4102667300 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 PETER ODENWALD PRESIDENT (UNTIL 12/4/24) 5.00 2.00 X X 0 0 0 SUE WARD TREASURER & PRESIDENT (SINCE 12/5/24) 5.00 2.00 X X 0 0 0 KAREN COFFMAN VICE PRESIDENT 5.00 2.00 X X 0 0 0 FRANCES HALL SECRETARY 5.00 X X 0 0 0 JIM BARNETT DIRECTOR 2.00 X 0 0 0 LARRY SHUBNELL DIRECTOR 2.00 X 0 0 0 JACK EVANS DIRECTOR 2.00 X 0 0 0 RACINE WILLIAMS DIRECTOR 2.00 X 0 0 0 ROBERT SHERER DIRECTOR 2.00 X 0 0 0 JAMES ALLEN DIRECTOR 2.00 X 0 0 0 D RAY FISHER CEO (UNTIL 3/31/25) 40.00 2.00 X 324209 0 9712 CHARLES WARNER CEO (SINCE 2/24/25) 40.00 2.00 X 0 0 0 WILLIAM E GIBSON JR CFO (SINCE 8/25/24) 40.00 2.00 X 55324 0 2172 PHYLLIS BOULDEN COO/ADMINISTRATOR 40.00 X 205763 0 19289 MARY BETH HOLLY DIRECTOR OF FINANCE 40.00 X 170628 0 16303 JASON PETRILLO DIRECTOR OF FACILITIES 40.00 X 133996 0 11124 SHEBA OGIDA RN SUPERVISOR 40.00 X 131340 0 15054 SHERRY GILDE DIRECTOR OF SALES & MARKETING 40.00 X 153475 0 13622 PATTY KERRIGAN DIRECTOR OF HUMAN RESOURCES 40.00 X 157997 0 16838 1332732 0 104114 15 0 1 0 CAPITOL INSURANCE RESTORATIONS 801 MALLET HILL LANE MILLERSVILLE MD 21108 CONSTRUCTION SERVICES 2110156 US FOODS INC PO BOX 715368 PHILADELPHIA PA 19171 FOOD SERVICES 1016195 AEGIS THERAPIES INC PO BOX 936653 ATLANTA GA 31193 THERAPY SERVICES 836613 D&R PATCH & PAINT LLC 502 MAUSER DRIVE BEL AIR MD 21015 CONSTRUCTION SERVICES 543955 B&B FLOORING EXPERTS INC 1417 KNECHT AVENUE BALTIMORE MD 21227 CONSTRUCTION SERVICES 517617 33 1000 1000 RESIDENT SERVICE FEES 621610 24526493 24526493 HEALTH CENTER FEES 621610 2673509 2673509 ENTRANCE FEES EARNED 621610 1528150 1528150 28728152 979462 979462 1541306 0 1541306 1541306 1541306 BEAUTY/BARBER SHOP 621610 134920 134920 GUEST MEALS 621610 40320 40320 CATERING INCOME 621610 35719 35719 1020 1020 211979 31461899 28940131 0 2520768 616469 616469 13157559 11970930 1186629 744368 571158 173210 955618 822875 132743 123788 123788 90722 90722 84235 84235 1942424 1725709 216715 331546 331546 632319 449097 183222 680867 60345 620522 1288301 1288301 1732542 1732542 5713703 5713703 339873 339873 FOOD 1730768 1730768 MAINTENANCE AND REPAIR 1247951 1211294 36657 MEDICAL SUPPLIES 356937 336873 20064 DUES, LICENSES, FEES 153592 24809 128783 1272280 407510 864770 33195862 28045914 5149948 0 4584147 4901791 1008149 1947994 1319094 124315 322829 394098 479709 645795 141753422 68099684 75052916 73653738 20782712 29473157 6250173 777131 2850675 2888119 1681735 2554592 114077205 117615664 1899465 2580647 114800448 119709697 43652929 42566974 13003607 10914773 173356449 175772091 X -61379535 -62178439 2100291 4022012 -59279244 -58156427 114077205 117615664 X -1733963 927189 1929591 X 0 1 X 1 0 X 106200 2168216 2031280 101160 1000 4407856 19983190 21341994 23337191 25503964 28728152 118894491 140526 197131 193325 181942 211979 924903 20229916 23707341 25561796 25787066 28941131 124227250 413849 469853 381232 620280 272212 2157426 0 413849 469853 381232 620280 272212 2157426 122069824 619709 635499 669550 715250 979462 3619470 619709 635499 669550 715250 979462 3619470 20849625 24342840 26231346 26502316 29920593 127846720 0.95480 0.94660 0.02830 0.02800 X 0 0 0 0 0 0 0 0 1 927 927 0 PART II-B, LINE 1: ANNAPOLIS LIFE CARE IS A MEMBER OF THE INDUSTRY GROUPS LEADING AGE AND LIFESPAN. A PORTION OF THE DUES PAID ARE USED FOR LOBBYING. 3735917 3735917 93374064 46411349 46962715 32437619 13245795 19191824 11296441 8267229 3029212 909381 175311 734070 73653738 WAIT LIST AND ENTRANCE FEE DEPOSITS 976373 ESTIMATED OBLIGATION TO PROVIDE FUTURE SERVICES 8220000 DUE TO AFFILIATES 1718400 10914773 X 32146153 927189 927189 31218964 84235 158700 242935 31461899 33111627 0 33111627 84235 84235 33195862 PART X, LINE 2: ALC AND THE FOUNDATION HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICES AS NOT-FOR-PROFIT CORPORATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON THEIR EXEMPT INCOME UNDER SECTION 509(A) OF THE CODE. GINGER COVE HHC AND GINGER COVE AT HOME, AS SINGLE MEMBER LIMITED LIABILITY COMPANIES, ARE CONSIDERED "DISREGARDED ENTITIES" FOR FEDERAL TAX PURPOSES. ACCORDINGLY, ANY TAX TRANSACTIONS ARE REPORTED BY ALC. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT BEING SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AS OF JUNE 30, 2025 OR 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED INVESTMENT INCOME 158,700. X X X X 0 0 0 0 0 0 0 1 0 D RAY FISHER CEO (UNTIL 3/31/25) 300009 0 24200 0 0 0 9712 0 0 0 333921 0 0 0 PHYLLIS BOULDEN COO/ADMINISTRATOR 192623 0 13140 0 0 0 6276 0 13013 0 225052 0 0 0 MARY BETH HOLLY DIRECTOR OF FINANCE 161834 0 8794 0 0 0 5179 0 11124 0 186931 0 0 0 PATTY KERRIGAN DIRECTOR OF HUMAN RESOURCES 146191 0 11806 0 0 0 5215 0 11623 0 174835 0 0 0 SHERRY GILDE DIRECTOR OF SALES & MARKETING 76225 0 77250 0 0 0 4637 0 8985 0 167097 0 0 0 PART I, LINE 7 THE CEO AND OTHER KEY EMPLOYEES ESTABLISH GOALS AND OBJECTIVES FOR THE UPCOMING YEAR. THESE GOALS AND OBJECTIVES ARE REVIEWED ANNUALLY BY THE BOARD FOR THE CEO AND BY EACH KEY EMPLOYEES' DIRECT SUPERVISOR. THE ACCOMPLISHMENT OF THESE GOALS IS TAKEN INTO CONSIDERATION WHEN DETERMINING BONUSES. THE BONUS RANGE IS 5% TO 8% OF SALARY FOR DIRECTORS AND UP TO 10% OF BASE SALARY FOR THE CEO. ALL COMPENSATION ADJUSTMENTS ARE MEASURED AGAINST INDUSTRY STANDARDS TO ENSURE COMPENSATION IS SET WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. A MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY 520936091 2018-08-21 38981000 REFUND 9/17/2014 BONDS 0 0 0 B MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY 520936091 2018-08-21 10000000 NEW CONSTRUCTION 0 0 0 A 5130000 38981000 331211 38649789 2019 1 0 1 1 B 1006000 10000000 10000000 2020 1 0 1 1 A 0 1 1 1 0 1 0 1 B 0 1 1 1 0 1 0 1 A 1 1 0 0 0 1 B 1 1 1 TRUIST 14.110000000000 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, LINE F THE 8/21/2018 TAX-EXEMPT BOND WAS ISSUED IN PART TO REFUND THE 9/17/2014 BOND. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE ELECTED OFFICERS OF THE BOARD OF DIRECTORS PLUS THE CHAIRPERSONS OF THE FINANCE AND AUDIT COMMITTEE, THE COMMITTEE ON GOVERNANCE AND DIRECTORS, AND THE PLANNING OVERSIGHT COMMITTEE. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO CARRY OUT ALL OF THE POWERS OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD, PROVIDED THEIR ACTIONS AND DECISIONS COULD NOT REASONABLY HAVE BEEN DEFERRED UNTIL THE NEXT MEETING OF THE BOARD. ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE NEXT REGULAR OR SPECIAL MEETING OF THE BOARD OF DIRECTORS. ACTIONS OF THE EXECUTIVE COMMITTEE WHICH ARE WITHIN THE AUTHORITY OF THE EXECUTIVE COMMITTEE SHALL NOT REQUIRE RATIFICATION BY THE BOARD OF DIRECTORS, BUT ANY ACTIONS OF THE EXECUTIVE COMMITTEE MAY BE MODIFIED AT A MEETING OF THE BOARD OF DIRECTORS BY VOTE OF A MAJORITY OF THE MEMBERS OF THE BOARD OF DIRECTORS PRESENT AND CONSTITUTING AT LEAST A QUORUM. HOWEVER, ANY SUCH MODIFICATIONS SHALL NOT AFFECT THE RIGHTS OF ANY THIRD PERSONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THE CEO AND CFO PERFORM AN INITIAL REVIEW. THE FORM 990 IS THEN DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNAPOLIS LIFE CARE INC. HAS A CONFLICT OF INTEREST POLICY FOR ALL BOARD MEMBERS AND ADVISORY MEMBERS OF BOARD COMMITTEES. A CONFLICT OF INTEREST STATEMENT MUST BE UPDATED ANNUALLY. ANY ACTUAL OR POTENTIAL CONFLICTS ARE EXPECTED TO BE DISCLOSED. THE PRESIDENT AND SECRETARY OF THE BOARD AND ALL CHAIRMEN OF STANDING BOARD COMMITTEES WILL RECEIVE ALL ANNUAL CONFLICT OF INTEREST STATEMENTS. IF AN ACTUAL OR POTENTIAL CONFLICT WERE TO EXIST, THE INTERESTED PARTY WOULD ABSTAIN FROM ALL DISCUSSIONS AND DECISIONS ON THE CONFLICT. ANY TRANSACTIONS OR EVENTS THAT VIOLATE THE CONFLICT OF INTEREST POLICY MAY ALSO BE REVIEWED BY LEGAL COUNSEL. FAMILY AND BUSINESS RELATIONSHIPS WHICH MAY POSE A CONFLICT ARE EXPRESSLY CONSIDERED IN THE POLICY AND THE ANNUAL STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A FOR THE CEO, THE ANNAPOLIS LIFE CARE INC BOARD PRESIDENT AND A THREE-MEMBER COMPENSATION COMMITTEE FROM THE BOARD OF DIRECTORS COMPILES RESULTS OF PERFORMANCE EVALUATIONS COMPLETED BY EACH ALC BOARD MEMBER, REVIEWS THE CURRENT COMPENSATION STRUCTURE, REVIEWS INDUSTRY SALARY SURVEY DATA FOR THE REGION AND NATIONALLY FROM GALLAGHER BENEFIT SERVICES, AND HOSPITAL & HEALTHCARE COMPENSATION SERVICES, AND MAKES RECOMMENDATIONS TO THE ALC BOARD EXECUTIVE COMMITTEE. THIS PROCESS IS DOCUMENTED IN THE MINUTES AND WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE LOCATED IN THE GINGER COVE LIBRARY FOR PUBLIC REVIEW AND THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST OF SUBSIDIARY 37,444. UNREALIZED GAIN ON INTEREST RATE SWAP -966,853. CHANGE IN FUTURE SERVICE OBLIGATION 2,859,000. GINGER COVE HOME HEALTH CARE LLC 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 521381348 INACTIVE MD 0 0 ANNAPOLIS LIFE CARE INC GINGER COVE AT HOME 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 990630398 HOME HEALTH MD 6964 1511464 ANNAPOLIS LIFE CARE INC GINGER COVE FOUNDATION INC 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 113656031 TO SUPPORT AFFILIATED ORGANIZATIONS MD 501(C)(3) LINE 12C, III-FI ANNAPOLIS LIFE CARE INC 1 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0