2024-11-15T11:05:17-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-01-01 232738045 WHITE HORSE VILLAGE FOUNDATION INC WHIT 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 FRED BILLUPS VP/TREASURER 6105585000 2024-11-15 1 0 X KERRI N BOGDA CPA P00760402 7177404863 2024-11-15 2023 2024-10-15 13:58:12Z FRED BILLUPS 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 1281793 0 X WWW.WHITEHORSEVILLAGE.ORG X 1993 PA ACCEPT AND UTILIZE DONATIONS FOR THE SOLE BENEFIT OF RESIDENTS OF THE WHITE HORSE VILLAGE COMMUNITY. 6 6 0 11 0 0 350712 915157 0 0 236577 278227 0 0 587289 1193384 492272 422193 0 0 0 0 0 0 34561 20406 34561 512678 456754 74611 736630 5101002 6177882 550649 431601 4550353 5746281 WHITE HORSE VILLAGE FOUNDATION, INC. HAS BEEN FORMED FOR THE PURPOSE OF ACCEPTING AND UTILIZING DONATIONS FOR THE BENEFIT OF THE RESIDENTS OF THE WHITE HORSE VILLAGE COMMUNITY. 0 0 422193 422193 0 THE BASIC PURPOSE OF THE FOUNDATION IS TO SERVE AS AN UMBRELLA FOR RECEIVING AND ADMINISTERING ALL GIFTS DONATED TO WHITE HORSE VILLAGE.THE GIFTS ARE TO BE USED FOR THE FOUR PRINCIPAL PURPOSES DESCRIBED BELOW:- TO PROVIDE FINANCIAL ASSISTANCE TO RESIDENTS IN NEED- TO PROVIDE FUNDING FOR PHYSICAL IMPROVEMENTS TO WHITE HORSE VILLAGE WHICH DIRECTLY BENEFIT THE RESIDENTS- TO PROVIDE OTHER PROGRAMS OR FUNDING FOR THE HEALTH, EDUCATION AND WELFARE OF RESIDENTS.- TO PROVIDE ASSISTANCE FOR TEAM MEMBERS TO FURTHER THEIR EDUCATION AND TO THANK DEDICATED TEAM MEMBERS. 422193 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X TACI DAMSTEDT SR DIRECTOR OF FINA 6105585000 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 ROBERT J BRUCE PRESIDENT/CHAIR (AS OF 1/9/23) 1.00 1.00 X X 0 0 0 FRED BILLUPS VP/TREASURER (AS OF 1/9/23) 1.00 0.00 X X 0 0 0 MARY LOU MCLAUGHLIN TRUSTEE 1.00 1.00 X 0 0 0 NORMAN LEDWIN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL HAMMOND TRUSTEE 1.00 1.00 X 0 0 0 GEORGE HUANG TRUSTEE 1.00 0.00 X 0 0 0 BILL KENNEDY TRUSTEE (1/23 UNTIL 6/23) 1.00 0.00 X 0 0 0 LEONARD WEISER PRESIDENT/CEO (UNTIL 06/23) 2.00 38.00 X 21470 336349 34269 MARK WASSERMAN VP OF FINANCE & CFO (UNTIL 04/23) 4.00 36.00 X 1020 100937 15750 SUSAN ABTOUCHE EXECUTIVE DIRECTOR 16.00 24.00 X 57831 76661 57800 KATHLEEN AFKHAMI-ARDEKANI PRESIDENT/CEO (FROM 07/23 TO 11/23) 2.00 38.00 X 11529 93279 0 MICHAEL JOSEPH SHAW PRESIDENT/CEO (AS OF 12/23) 2.00 38.00 X 0 16155 0 91850 623381 107819 0 0 1 0 0 915157 915157 91677 91677 274959 88409 186550 186550 186550 1193384 0 0 278227 176000 176000 246193 246193 30656 30656 3905 3905 456754 422193 0 34561 23906 364208 5077096 5813674 5101002 6177882 550649 431601 550649 431601 X 4371761 5109286 178592 636995 4550353 5746281 5101002 6177882 736630 459297 1 0 X 0 1 X 1 0 X X 1 WHITE HORSE VILLAGE INC 232499121 10 1 176000 0 1 176000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5101003 915517 618476 265198 191556 6178242 5534913 350712 -271944 287012 225666 5101003 4969123 139451 729993 249913 53741 5534913 3818778 699075 791947 285248 55429 4969123 4043870 79050 1058281 1359523 2900 3818778 0.89690 0.00000 0.10310 1 1 1 0 DUE TO RELATED PARTIES 431601 431601 1778471 459297 125790 585087 1193384 0 1193384 582544 125790 125790 456754 0 456754 PART V, LINE 4: THE FOUNDATION FUND HAS THREE PRINCIPAL USES: (1) RESIDENT RESERVE FUND - TO PROVIDE FINANCIAL ASSISTANCE TO RESIDENTS IN NEED, (2) CAMPUS IMPROVEMENT FUND - TO PROVIDE FACILITY IMPROVEMENTS, FURNISHINGS, AND EQUIPMENT FOR THE BENEFIT OF RESIDENTS OF THE COMMUNITY, AND 3) TO PROVIDE ASSISTANCE TO TEAM MEMBERS TO FURTHER THEIR EDUCATION AND TO THANK DEDICATED TEAM MEMBERS. IN ADDITION, THE FOUNDATION MAINTAINS AN UNRESTRICTED DISCRETIONARY FUND TO ACCOUNT FOR ALL RESOURCES WHICH THE FOUNDATION BOARD OF TRUSTEES HAS CONTROL TO USE IN PROVIDING BENEFITS FOR RESIDENTS OF THE COMMUNITY WITHIN THE SCOPE OF THE CORPORATION'S TAX-EXEMPT STATUS. 1 WHITE HORSE VILLAGE INC 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 232499121 501 (C)(3) 176000 0 TO SUPPORT THE EXEMPT PURPOSE OF PROVIDING A VIBRANT RETIREMENT COMMUNITY. 1 0 BENEVOLENCE FUND FOR RESIDENTS 5 191555 SCHOLARSHIPS 42 54638 PART I, LINE 2: RESIDENT ASSISTANCE: RESIDENTS OF WHITE HORSE VILLAGE MAY APPLY FOR ASSISTANCE BY FILLING OUT AN APPLICATION AND PROVIDING DOCUMENTATION TO SUPPORT THEIR REQUEST. THE CFO GATHERS THE INFORMATION AND PROVIDES REDACTED DOCUMENTS TO THE COMMITTEE IN CHARGE OF MAKING DECISIONS FOR RESIDENT ASSISTANCE. THE COMMITTEE CONSISTS OF THE VP OF OPERATIONS AND SEVERAL FOUNDATION BOARD MEMBERS. ALL DECISIONS ARE MADE BLINDLY - NO RESIDENT NAMES ARE USED TO ENSURE FAIR AND UNBIASED DECISIONS. SCHOLARSHIPS: EMPLOYEES MAY APPLY FOR EDUCATIONAL SCHOLARSHIPS BY FILLING OUT AN APPLICATION. A COMMITTEE CONSISTING OF TEAM MEMBERS AND RESIDENTS MAKE THESE DECISIONS. THE APPLICANTS MUST HAVE BEEN WORKING FOR WHITE HORSE VILLAGE FOR AT LEAST 6 MONTHS AT THE TIME OF APPLYING. THEY MUST PASS THEIR COURSES AND BE A TEAM MEMBER WHEN THE SCHOLARSHIP IS DISSEMINATED. 1 0 0 0 0 0 0 0 0 LEONARD WEISER PRESIDENT/CEO (UNTIL 06/23) 10323 131159 2775 43467 8372 161723 0 22416 0 11853 21470 370618 0 0 SUSAN ABTOUCHE EXECUTIVE DIRECTOR 48805 64696 9026 11965 0 0 13159 17443 11695 15503 82685 109607 0 0 PART I, LINE 3 WHITE HORSE VILLAGE INC USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FO THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR. -A COMPENSATION COMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVERY OR STUDY -APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE PART I, LINE 4A LEONARD WEISER RECEIVED SEVERANCE OF $172,46. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION DELEGATES ITS MANAGEMENT FUNCTIONS TO WHITE HORSE VILLAGE ("WHV"), ITS SUPPORTED ORGANIZATION. AS SUCH, MANAGEMENT SERVICES PROVIDED BY WHV INCLUDE FINANCIAL STATEMENT DEVELOPMENT, FINANCIAL OPERATIONS, INVESTMENT MANAGEMENT AS WELL AS SUPERVISION OF EXEMPT OPERATIONS. MANAGEMENT SERVICES PROVIDED BY WHV ARE DIRECTLY SUPERVISED AND REPORTED TO THE FOUNDATION'S TRUSTEES. NO MANAGEMENT SERVICES FEES WERE CHARGED BY OR PAID TO WHV. FORM 990, PART VI, SECTION A, LINE 3 THE CEO WILL DIRECT THE SPECIFIC NEEDS OF THE ORGANIZATION AND RESPONSIBILITIES OF THE CONSULTANT. SPECIFIC TASKS AND PROJECTS WILL BE ASSIGNED AS NEEDED BY THE CEO OR OTHER WHV LEADERSHIP. THE COMPENSATION FOR ALISA MILLER AS INTERIM CFO WAS $95,819 FOR 2023. FORM 990, PART VI, SECTION A, LINE 6 WHITE HORSE VILLAGE, INC. (WHV) MEETS THE IRS DEFINITION OF MEMBER OF THE FOUNDATION. WHV IS A 501(C)(3) PUBLIC CHARITY. FORM 990, PART VI, SECTION A, LINE 7A FOUR TRUSTEES OF THE FOUNDATION SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF WHV AND THEY SHALL NOT BE RESIDENTS OF WHV UNLESS THEY ARE MEMBERS OF THE WHV BOARD OF DIRECTORS, AND THREE TRUSTEES OF THE FOUNDATION SHALL BE NOMINATED BY THE COUNCIL OF THE WHITE HORSE VILLAGE RESIDENTS ASSOCIATION (WHVRA) AND SHALL BE RESIDENTS OF WHV. NOMINATIONS SHALL BE APPROVED BY THE TRUSTEES OF THE ENDOWNMENT FUND. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE RETURN IS THEN REVIEWED BY THE MANAGEMENT AND PROVIDED TO EACH MEMBER OF THE FOUNDATION BOARD OF TRUSTEES TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL WHITE HORSE VILLAGE TEAM MEMBERS, INCLUDING BUT NOT LIMITED TO OFFICERS, KEY EMPLOYEES, AND MEMBERS OF THE BOARD OF DIRECTORS, HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THIS POLICY IS ESTABLISHED TO ENSURE THAT RESIDENT CARE/SERVICES AND BUSINESS ACTIVITIES ARE CONDUCTED IN AN OBJECTIVE MANNER AND ARE NOT MOTIVATED BY DESIRE FOR PERSONAL OR FINANCIAL GAIN. ACTUAL OR POTENTIAL CONFLICTS OF INTEREST MUST BE DISCLOSED TO APPROPRIATE MANAGEMENT PERSONNEL, HUMAN RESOURCES AND/OR THE COMPLIANCE OFFICER OR DESIGNEE. TEAM MEMBERS MUST SEEK GUIDANCE AND APPROVAL FROM THE COMPLIANCE OFFICER AND/OR PRESIDENT/CEO BEFORE PURSUING ANY BUSINESS OR PERSONAL ACTIVITY THAT MAY CONSTITUTE A CONFLICT OF INTEREST. THE BOARD OF DIRECTORS AND MEMBERS OF MANAGEMENT WILL SIGN THE CONFLICT OF INTEREST SIGNATURE PAGE ANNUALLY. THE POLICY EXPRESSLY MENTIONS FAMILY AND BUSINESS RELATIONSHIPS AS POTENTIAL SOURCES OF CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. WHITE HORSE VILLAGE INC 535 GRADYVILLE RD NEWTOWN SQUARE PA 19073 232499121 DEDICATED TO PROVIDING THE BEST RETIREMENT LIVING PA 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0