2024-08-15T08:37:04-05:00 2023-09-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-10-01 561739542 GLENAIRE INC GLEN 3368866553 2109 SANDY RIDGE ROAD COLFAX NC 27235 JULIA HANOVER VICE PRESIDENT - CFO 3368866553 2024-08-14 1 0 JOHN M ROBINSON P01281319 3362944494 2024-08-14 2022 2024-08-08 14:25:15Z TIMOTHY J WEBSTER 2109 SANDY RIDGE ROAD COLFAX NC 27235 38070532 0 8627 X WWW.GLENAIRE.ORG X 1991 NC THE VISION OF GLENAIRE INC IS PROVIDING A COMMUNITY OF EXCELLENCE AND INNOVATION IN A STABLE AND COMPASSIONATE ENVIRONMENT. 18 18 0 210 0 0 417870 570487 26652571 28490638 756070 1708007 146381 155504 27972892 30924636 750979 703814 0 0 13176985 14917412 0 0 0 12438850 13472858 26366814 29094084 1606078 1830552 269672296 324324719 215434861 266100161 54237435 58224558 THE MISSION OF GLENAIRE IS A NON-PROFIT, CHURCH RELATED COMMUNITY FOSTERING VIBRANT, QUALITY LIVING FOR SENIORS. 0 0 22703530 703814 28500416 GLENAIRE INC, PROVIDES RESIDENTIAL, ASSISTED LIVING AND NURSING CARE FOR APPROXIMATELY 422 SENIOR ADULT RESIDENTS. SERVICES INCLUDE HOUSEKEEPING, FOOD SERVICE, MEDICAL AND OTHER SUPPORT SERVICES IN A CONTINUING CARE COMMUNITY. 22703530 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 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 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 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 EDDIE WILLIFORD PRESIDENT 1.00 X X 0 0 0 DOUG BROWN VICE PRESIDENT 1.00 X X 0 0 0 SUSAN HODGES SECRETARY 1.00 X X 0 0 0 BECKY KING TREASURER 1.00 X X 0 0 0 DEBBIE PAPPAS BOARD MEMBER 1.00 X 0 0 0 DAVID BOOKHOUT BOARD MEMBER 1.00 X 0 0 0 GORDON BROWN BOARD MEMBER 1.00 X 0 0 0 NANDINTA GARG BOARD MEMBER 1.00 X 0 0 0 GEORGE JORDAN BOARD MEMBER 1.00 X 0 0 0 JIM LITTLE BOARD MEMBER 1.00 X 0 0 0 REGINA MCLAURIN BOARD MEMBER 1.00 X 0 0 0 WILLIAM L MICKEY BOARD MEMBER 1.00 X 0 0 0 JIM NICHOLS BOARD MEMBER 1.00 X 0 0 0 CATE CHURCH-NORMAN BOARD MEMBER 1.00 X 0 0 0 DELORES PARKER BOARD MEMBER 1.00 X 0 0 0 JIM SCOTT BOARD MEMBER 1.00 X 0 0 0 BEN SHIVAR BOARD MEMBER 1.00 X 0 0 0 BILL SMITH BOARD MEMBER 1.00 X 0 0 0 JODY WELKER BOARD MEMBER 1.00 X 0 0 0 HILDA PINNIX-RAGLAND BOARD MEMBER 1.00 X 0 0 0 TIMOTHY WEBSTER ASSISTANT SECRETARY/CEO 1.00 37.50 X 0 526459 23285 JULIA HANOVER ASSISTANT TREASURER/CFO 1.00 37.50 X 0 315145 17815 BENJAMIN STEVENS EXECUTIVE DIRECTOR 37.50 X 0 217103 16755 DAVID FICKLIN ASSOCIATE DIRECTOR 40.00 X 0 152400 10741 VICKEY MASON-BURGESS DIRECTOR OF NURSING/CLINIC 40.00 X 0 124785 10811 RYAN FERGUSON DIRECTOR OF ENVIRONMENTAL SERVICES 40.00 X 0 102671 5758 EMILY SMITH DIRECTOR OF MARKETING 40.00 X 0 100416 9782 0 1538979 94947 0 0 1 0 0 570487 570487 RESIDENT SERVICE FEES 623000 23721402 23721402 AMORTIZED ENTRY FEES 623000 3399782 3399782 ANCILLARY INCOME 623000 1277220 1277220 FOOD SERVICE REVENUE 623000 92234 92234 28490638 1585032 1585032 98238 0 98238 98238 98238 7268871 7145896 122975 122975 122975 OTHER REVENUE 923000 47488 47488 BEAUTY SHOP INCOME 623000 9778 9778 57266 30924636 28500416 0 1853733 X 703814 703814 800567 244025 556542 11224081 10506909 717172 182950 182950 1821209 159150 1662059 888605 806909 81696 24180 24180 31457 7305 24152 89421 89421 677428 641628 35800 70120 70120 4407023 2308358 2098665 458821 458821 989971 989971 62558 53075 9483 48912 36086 12826 3184454 3184454 355313 26381 328932 FOOD 1722231 1665070 57161 PUCHASED MEDICAL SERVIC 1365662 1365662 BAD DEBT 204589 204589 AMORTIZATION -532947 -532947 313665 60720 252945 29094084 22703530 6390554 0 43913770 17535665 2112519 2112101 14117 15827 409263 390303 304741623 48081043 201097689 256660580 16392781 43029743 5614000 4115000 118157 465500 269672296 324324719 8135097 5820733 25196577 26136586 135920884 187173576 46182303 46969266 215434861 266100161 X 54237435 58224558 54237435 58224558 269672296 324324719 X 1830552 2192256 -35685 X 0 1 X 1 0 X 193364 580129 1006068 417870 570487 2767918 25160441 25274714 25374356 26652571 28490638 130952720 25353805 25854843 26380424 27070441 29061125 133720638 193364 330447 402331 417870 570487 1914499 0 193364 330447 402331 417870 570487 1914499 131806139 673797 592397 50374 1013921 1683270 4013759 673797 592397 50374 1013921 1683270 4013759 44960 33481 29305 60486 57266 225498 26072562 26480721 26460103 28144848 30801661 137959895 0.95540 0.96410 0.02910 0.02200 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2018 AMOUNT: $ 34,099. 2019 AMOUNT: $ 25,668. 2020 AMOUNT: $ 20,343. 2021 AMOUNT: $ 37,896. 2022 AMOUNT: $ 47,488. BEAUTY SHOP INCOME - 2018 AMOUNT: $ 10,861. 2019 AMOUNT: $ 7,813. 2020 AMOUNT: $ 8,962. 2021 AMOUNT: $ 22,590. 2022 AMOUNT: $ 9,778. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3795330 244247 317311 49091 7732 4300065 4661721 25116 -751305 140202 3795330 3656303 339613 802347 136542 4661721 3274505 281379 206184 105765 3656303 3274505 3274505 0.41000 0.59000 0.00000 0 1 1 13879568 13879568 86094299 42493097 43601202 6255766 4744896 1510870 198511990 843050 197668940 256660580 DEPOSITS ON ADMISSION 46966130 RESIDENTS' CASH DEPOSITS 3136 46969266 X 32377393 2192256 -35685 2156571 30220822 703814 703814 30924636 28390270 0 28390270 703814 703814 29094084 PART V, LINE 4: ENDOWMENT EARNINGS ARE USED TO FUND VARIOUS PROGRAM SERVICE COSTS SUCH AS RESIDENT SUBSIDIES. PART X, LINE 2: THE PRESBYTERIAN HOMES, INC. DBA BRIGHTSPIRE 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, 2023. 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 COMBINED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: TRANSFER OF ASSETS BETWEEN COMMUNITIES -2,721. INTEREST RATE SWAP -32,964. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS 703,814. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE TO RESIDENTS INCLUDED IN REVENUE ON FINANCIALS 703,814. 1 FINANCIAL ASSISTANCE PROVIDED TO RESIDENTS 20 703814 PART I, LINE 2: THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS TO HELP SUBSIDIZE RESIDENT MONTHLY FEES. GRANT APPLICATIONS ARE MADE TO THE EXECUTIVE DIRECTOR AND SCHOLARSHIPS ARE DISCUSSED WITH THE PRESBYTERIAN HOMES INC MANAGEMENT TEAM. RESIDENTS ON SCHOLARSHIP ARE ASKED TO UPDATE THEIR FINANCIAL INFORMATION ON AN ANNUAL BASIS. THE ORGANIZATION'S ACCOUNTING DEPARTMENT TRACKS THE NEED AND USE OF THIS ASSISTANCE. X X X X X X 0 0 0 0 0 0 0 1 0 TIMOTHY WEBSTER ASSISTANT SECRETARY/CEO 0 471306 0 55153 0 0 0 12895 0 0 0 539354 0 0 JULIA HANOVER ASSISTANT TREASURER/CFO 0 284354 0 30791 0 0 0 11242 0 0 0 326387 0 0 BENJAMIN STEVENS EXECUTIVE DIRECTOR 0 202526 0 14577 0 0 0 10476 0 0 0 227579 0 0 DAVID FICKLIN ASSOCIATE DIRECTOR 0 144304 0 8096 0 0 0 9970 0 0 0 162370 0 0 PART I, LINE 3 THE VICE PRESIDENT OF HUMAN RESOURCES COMPILES COMPARABILITY DATA USING AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE AT MARKET AVERAGE FOR EACH POSITION. APART FROM PROVIDING A VEHICLE FOR THE EXECUTIVE DIRECTOR, ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. OFFICER'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR REASONABLENESS AND APPROVAL. BOARD MINUTES DOCUMENT THE PROCESS AND DISCUSSION. PART I, LINE 7 SENIOR MANAGEMENT EARNS A BONUS BASED UPON COMPANY GOALS AND PERSONAL GOALS. THE BONUS POTENTIAL IS 10-30% OF WAGES AND THE 10-30% IS EARNED IN 20% INCREMENTS. THE 20% INCREMENTAL GOALS ARE NET OPERATING MARGIN, 5-STAR CMS RATING, INDEPENDENT LIVING AVERAGE DAILY OCCUPANCY, EMPLOYEE ENGAGEMENT AND A PERSONAL TARGET. A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2015-07-15 14712108 REFUNDING OF PRIOR BONDS ISSUED FOR CO 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2016-04-14 20000000 CONSTRUCTION 0 0 0 C NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65821DVP3 2016-09-29 82512334 REFUNDING OF PRIOR BONDS ISSUED FOR CO 0 0 0 D NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65821DXS5 2020-10-01 188437120 CONSTRUCTION 0 0 0 A 9146882 14713422 131250 14580858 2003 1 0 1 1 B 12794263 20020521 218950 170944 19829056 2017 0 0 1 1 C 25368177 82544848 751205 81761129 2003 1 0 1 1 D 1848186 188567008 9358246 1844736 186592384 2023 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 0 1 0 1 1 BB&T 11.000000000000 1 0 0 0 0 C 0 0 1 0 1 1 BB&T 11.000000000000 1 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 FORM 990, PART IV, LINE 22 GLENAIRE 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 V, LINE 2A ALL GLENAIRE INC EMPLOYEES ARE PAID UNDER RELATED ORGANIZATION PRESBYTERIAN HOMES INC. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE CONTROLLER AND CFO. AFTER MANAGEMENT REVIEW IS COMPLETE, A DRAFT OF THE 990 EXCLUDING PART VII AND SCHEDULE J IS EMAILED TO THE GOVERNING BODY FOR THEIR REVIEW BEFORE THE RETURN IS FILED WITH THE IRS. 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 FROM AN INDEPENDENT SALARY CONSULTANT TO CALCULATE A WAGE FOR EXECUTIVE POSITIONS AND FROM AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE AT MARKET AVERAGE FOR ALL OTHER POSITIONS. APART FROM PROVIDING A VEHICLE FOR THE ASSISTANT SECRETARY AND EXECUTIVE DIRECTOR ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. THE OFFICER'S COMPENSATION IS CALCULATED USING THE EXECUTIVE COMPENSATION PLAN APPROVED BY THE BOARD OF GOVERNORS. THE BOARD OF GOVERNORS HAS OVERSIGHT OF THE RELATED ORGANIZATION PRESBYTERIAN HOMES INC. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR REASONABLENESS AND APPROVAL. ALL OTHER WAGES ARE CALCULATED FOLLOWING A BUDGETED AMOUNT WHICH IS APPROVED BY THE BOARD. BOARD MINUTES DOCUMENT THE PROCESS AND DISCUSSION. 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.GOV. FORM 990, PART IX, LINE 7 ALL GLENAIRE INC EMPLOYEES ARE PAID UNDER THE RELATED ORGANIZATION PRESBYTERIAN HOMES INC. FUNDS ARE TRANSFERRED FROM GLENAIRE INC TO COVER COSTS. FORM 990, PART IX, LINE 10 ALL GLENAIRE INC EMPLOYEES ARE PAID UNDER THE RELATED ORGANIZATION PRESBYTERIAN HOMES INC. FORM 990, PART IX, LINE 13 THIS INCLUDES MISCELLANEOUS EXPENSES SUCH AS CORPORATE ALLOCATION, MAINTENANCE AND REPAIR, AND COST OF THERAPIES. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS BETWEEN COMMUNITIES -2,721. INTEREST RATE SWAP -32,964. PRESBYTERIAN HOMES INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 560564344 CARE FOR THE ELDERLY NC 501(C)(3) LINE 10 N/A 0 PRESBYTERIAN HOMES FOUNDATION INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 582004356 SUPPORTING ORGANIZATION NC 501(C)(3) LINE 12A, I PRESBYTERIAN HOMES INC 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 PRESBYTERIAN HOMES INC O 14917412 CASH PAID PRESBYTERIAN HOMES INC P 1349570 CASH PAID PRESBYTERIAN HOMES FOUNDATION INC C 570487 CASH PAID