2024-05-15T09:33:22-05:00 2023-06-30 232896692 BBD LLP 1835 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 990 2022-07-01 223876595 LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION LIBE 8142381949 260 LIONS HILL ROAD STATE COLLEGE PA 16803 JOHN M BARNUM CFO/SENIOR VICE PRESIDENT 8142381949 2024-05-15 1 JOHN BARNUM 999009999 0 BRIAN PAGE P02402981 2155677770 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE VILLAGE AT PENN STATE LUANNE FISHER 7002 BUTLER PIKE AMBLER PA 19002 16686526 0 9386 X WWW.VILLAGEATPENNSTATE.ORG X 2002 PA THE VILLAGE AT PENN STATE SUPPORTS A VIBRANT LIFESTYLE AS A PREMIER RETIREMENT COMMUNITY WITH A PENN STATE UNIVERSITY RELATIONSHIP. 12 11 239 26 0 0 58692 28526 14414726 16396376 93228 258725 28145 2899 14594791 16686526 0 0 0 0 5470394 6217318 0 0 75000 8863920 10150715 14334314 16368033 260477 318493 53784628 56416238 49427622 51096381 4357006 5319857 THE VILLAGE AT PENN STATE SUPPORTS A VIBRANT LIFESTYLE AS A PREMIER RETIREMENT COMMUNITY WITH A PENN STATE UNIVERSITY RELATIONSHIP. 0 0 13593711 16396376 LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION, D/B/A THE VILLAGE AT PENN STATE, IS A NONPROFIT 501(C)(3) SENIOR LIVING COMMUNITY LOCATED IN STATE COLLEGE, PENNSYLVANIA THAT PROVIDES LIVING OPTIONS AND WELLNESS AMENITIES INCLUDING INDEPENDENT LIVING, PERSONAL CARE, SHORT-TERM REHABILITATION, AND LONG-TERM SKILLED NURSING CARE. THE VILLAGE AT PENN STATE'S CONNECTION TO PENNSYLVANIA STATE UNIVERSITY AND ITS PROXIMITY TO CAMPUS FOSTERS A VIBRANT AND ACTIVE LIFESTYLE FOR RESIDENTS. 13593711 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 239 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 1 0 0 1 0 1 1 1 0 0 0 1 1 1 1 1 1 0 0 PA X JOHN M BARNUM CFOSENIOR VICE PRE 2674647700 7002 BUTLER PIKE AMBLER PA 19002 BEVERLY BORTZ BOARD MEMBER 0.50 4.00 X 0 0 0 LUANNE FISHER PRESIDENT 0.50 41.00 X X 0 731238 33770 FRED HOPKE CHAIRPERSON 0.50 4.00 X 0 0 0 EDWARD PRINCE BOARD MEMBER 0.50 X 0 0 0 FRANK DUCATO BOARD MEMBER 0.50 X 0 0 0 NIKKI HILL BOARD MEMBER 0.50 X 0 0 0 STEVE LYNN SECRETARY & TREASURER 0.50 X X 0 0 0 NANCY SILVIS BOARD MEMBER 0.50 X 0 0 0 MARTY SLIWINSKI BOARD MEMBER 0.50 X 0 0 0 SALLY WILLIAMS VICE CHAIR 0.50 X X 0 0 0 TAMIA KRAMER BOARD MEMBER 0.50 X 0 0 0 JAYNE GLOCKE BOARD MEMBER 0.50 X 0 0 0 JOHN BARNUM SENIOR VP/CFO 0.50 37.50 X 0 325022 23882 JOAN MYERS SENIOR VP/COO 0.50 37.50 X 0 313456 21110 ELLEN CORBIN EXECUTIVE DIRECTOR 37.50 X 136947 0 5417 MICHELLE GORIN DIRECTOR OF NURSING 37.50 X 106837 0 3983 GARY DOLAN DIRECTOR OF FACILITIES 37.50 X 104491 0 8842 DUANE D LEITZELL DIRECTOR OF DINING SERVICES 37.50 X 104452 0 6250 452727 1369716 103254 4 0 1 0 ADVANTAGE CARE REHABILITATION INC 5035 CLAIRTON BOULEVARD PITTSBURGH PA 15236 REHABILITATION THERAPY SERVICES 441840 1 14026 14500 28526 RESIDENTIAL FACILITY SERVICE CHAR 623000 9451611 9451611 AMORTIZATION OF DEFERRED ENTRANCE 623000 3350932 3350932 MEDICAL CARE FACILITY SERVICE CHA 623000 2834728 2834728 PERSONAL CARE FACILITY SERVICE CH 623000 627137 627137 HOME CARE 623000 131968 131968 16396376 258725 258725 1173 0 1173 1173 1173 1110 0 1110 1110 OTHER REVENUE - MEALS 623000 582 582 OTHER REVENUE 900099 34 34 616 16686526 16396992 0 261008 144917 140088 4829 4843974 4682563 161411 56579 56579 819335 760704 58631 352513 339417 13096 961616 886616 75000 1574578 410889 1163689 267358 267358 813641 813641 1300221 1300221 2514191 2514191 117697 117697 FOOD 832222 832222 PROPERTY TAX 536225 465785 70440 THERAPY SERVICES 498281 498281 REPAIRS AND MAINTENANCE 311876 311876 422809 349557 73252 16368033 13593711 2699322 75000 3709470 4781619 544075 1155264 46820 46230 132483 127918 64921401 21184581 45086673 43736820 4265107 6568387 53784628 56416238 1374190 1510767 17946700 18190636 297000 319400 21609258 20728648 1408815 1394940 6791659 8951990 49427622 51096381 X 3633899 4057021 723107 1262836 4357006 5319857 53784628 56416238 X 318493 644358 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 61898802 19592250 42306552 2839046 1592331 1246715 183553 183553 43736820 INTEREST IN NET ASSETS OF FOUNDATION 1367465 DUE FROM AFFILIATES - CASH ADVANCES TO AFFILIATES 3478887 RIGHT OF USE ASSET - OPERATING LEASE 1722035 6568387 DUE TO AFFILIATES 388848 REFUNDABLE ENTRANCE FEES 6841107 OPERATING LEASE LIABILITY 1722035 8951990 X 17327328 644358 644358 16682970 3556 3556 16686526 16364477 0 16364477 3556 3556 16368033 PART IV, LINE 2B: DEPOSITS FROM PROSPECTIVE RESIDENTS CONSIST OF ENTRANCE FEE DEPOSITS. ENTRANCE FEE DEPOSITS ARE RECEIVED FROM PROSPECTIVE RESIDENTS WHO INTEND TO MOVE INTO A UNIT. ENTRANCE FEE DEPOSITS GENERALLY REPRESENT 10% OF THE TOTAL ENTRANCE FEE FOR THE UNIT SELECTED. THE DEPOSIT FUNDS ARE APPLIED AGAINST THE TOTAL ENTRANCE FEE UPON OCCUPANCY. PART X, LINE 2: THE VILLAGE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE VILLAGE IS ALSO EXEMPT FROM STATE INCOME TAX. THE VILLAGE FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE VILLAGE'S FINANCIAL STATEMENTS. THE VILLAGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN NET ASSETS OF FOUNDATION 644,358. PART XI, LINE 4B - OTHER ADJUSTMENTS: COVID EXPENSES 3,556. PART XII, LINE 4B - OTHER ADJUSTMENTS: COVID EXPENSES 3,556. X X 0 0 0 0 0 0 0 1 0 LUANNE FISHER PRESIDENT 0 531238 0 200000 0 0 0 22625 0 11145 0 765008 0 0 JOHN BARNUM SENIOR VP/CFO 0 305022 0 20000 0 0 0 16484 0 7398 0 348904 0 0 JOAN MYERS SENIOR VP/COO 0 293456 0 20000 0 0 0 16307 0 4803 0 334566 0 0 PART I, LINE 7 BONUSES WERE PAID TO KEY MARKETING EMPLOYEES BASED ON THE NUMBER OF RESIDENTS MOVED INTO CCRCS AND ON REACHING OCCUPANCY TARGETS FOR EACH LEVEL OF CARE. DISCRETIONARY BONUSES WERE ALSO PAID. SCHEDULE J, PART II, COMPENSATION POLICY OF RELATED ORGANIZATION: ALL TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES ARE EMPLOYEES OF ITS PARENT ORGANIZATION. THE FOLLOWING POLICIES ARE APPLIED TO THE PARENT AND ITS AFFILIATES: THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL REVIEW AND COMPENSATION OF THE CEO. THE CFO AND COO ARE REVIEWED ANNUALLY BY THE CEO, WHILE THE EXECUTIVE DIRECTORS ARE REVIEWED ANNUALLY BY THE COO, ALL WITH COMPARABLE SALARY SURVEYS. THE CEO REPORTS THE ANNUAL EXECUTIVE REVIEWS TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 3 LIBERTY LUTHERAN HOUSING DEVELOPMENT DESIGNATES ITS ADMINISTRATIVE/MANAGEMENT FUNCTIONS TO ITS PARENT AND AFFILATED ORGANIZATION (BOTH NOT-FOR-PROFIT CORPORATIONS) UNDER THE AFFILIATE AGREEMENT DATED MAY 7, 2012. IN ACCORDANCE WITH THE ANNOUNCEMENT 2001-33, THE TOTAL FEES INCURRED FOR THESE SERVICES DURING THE REPORTING YEAR WERE AS FOLLOWS: A)$777,969 TO ITS PARENT ORGANIZATION AND REPORTED ON FORM 990, PAGE 10, PART IX, LINE 11A, COLUMN C AND B) $72,500 TO ITS AFFILIATED ORGANIZATION AND REPORTED ON FORM 990, PAGE 10, PART IX, LINE 11A, COLUMN D. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE MEMBER. THE SOLE MEMBER SHALL BE LIBERTY LUTHERAN SERVICES. FORM 990, PART VI, SECTION A, LINE 7B THE APPROVAL OF THE MEMBER SHALL BE REQUIRED FOR ANY OF THE FOLLOWING ACTIONS BY THE CORPORATION: ANY MERGER, DISSOLUTION, OR LIQUIDATION OF THE CORPORATION; ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; THE SALE, PLEDGE, LEASE (BUT ONLY A LEASE FROM THE CORPORATION OF SUBSTANTIALLY ALL OF THE CORPORATION'S REAL PROPERTY), OR OTHER TRANSFER OF THE ASSETS OF THE CORPORATION OTHER THAN TRANSACTION OCCURRING IN THE ORDINARY COURSE OF BUSINESS; THE ADOPTION OF THE CORPORATION'S ANNUAL CAPITAL AND OPERATING BUDGETS; THE ISSUANCE OR ASSUMPTION OF ANY INDEBTEDNESS IN EXCESS OF FIFTY THOUSAND DOLLARS ($50,000) BY THE CORPORATION; THE EXECUTION OF ANY CONTRACT PROVIDING FOR THE MANAGEMENT OF THE CORPORATION; AND ANY MATERIAL CHANGE TO THE BUSINESS OR PROGRAMS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WILL BE CONDUCTED BY THE GOVERNING BOARD IN ADVANCE OF FILING THE FORM 990. ALL 990'S ARE MADE AVAILABLE TO THE BOARD AFTER FILING. HOWEVER, THE FINAL FORM 990 IS REVIEWED IN DETAIL FOR ACCURACY AND SIGNED BY THE CHIEF FINANCIAL OFFICER OF LIBERTY LUTHERAN SERVICES (PARENT ORGANIZATION). FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD AND SENIOR LEVEL STAFF. THEY ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE. THE CORPORATE COMPLIANCE OFFICER REVIEWS ALL POTENTIAL STAFF CONFLICTS. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS ALL BOARD CONFLICTS. WHEN A CONFLICT OF INTEREST ARISES, THE BOARD SHALL PERMIT THE INTERESTED PERSON TO MAKE A PRESENTATION AT THE BOARD MEETING AND AFTER THE PRESENTATION, THE INTERESTED PERSON LEAVES AND THE BOARD VOTES ON AN ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. IF APPROPRIATE, A NON-INTERESTED PERSON OR COMMITTEE INVESTIGATES ALTERNATIVES TO THE PROPOSED ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD WILL DETERMINE IF A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS ARRANGEMENT IS NOT ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD WILL DETERMINE BY MAJORITY VOTE THAT THE ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS BENEFIT, AND/OR IF IT IS REASONABLE AND FAIR TO THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL REVIEW AND COMPENSATION OF THE CEO. THE CFO, COO EXECUTIVE DIRECTORS, AND OTHER KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE CEO, WITH COMPARABLE SALARY SURVEYS. 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. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF FOUNDATION 644,358. LIBERTY LUTHERAN SERVICES 7002 BUTLER PIKE AMBLER PA 19002 233059658 TO PROVIDE TAX EXEMPT SUBSIDIARIES WITH MANAGEMENT & ADMINISTRATIVE SERVICES PA 501(C)(3) LINE 1 N/A 0 LIBERTY LUTHERAN FOUNDATION 7002 BUTLER PIKE AMBLER PA 19002 232665839 TO IMPLEMENT AND ADMINISTER FUNDRAISING ACTIVITY FOR AFFILIATES PA 501(C)(3) LINE 12A, I LIBERTY LUTHERAN SERVICES 1 LUTHERAN CHILDREN & FAMILY SERVICES OF EASTERN PENNSYLVANIA 1016 N 41ST STREET PHILADELPHIA PA 19104 231696007 TO PROVIDE SERVICES TO SENIORS THROUGH PROGRAMS PA 501(C)(3) LINE 7 LIBERTY LUTHERAN SERVICES 1 MARY J DREXEL HOME 238 BELMONT AVENUE BALA CYNWYD PA 19004 230536370 ASST. LIVING, TO PROVIDE HOUSING, ASST. LIVING & OTHER RELATED SERVICES PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 ARTMAN LUTHERAN HOME 250 N BETHLEHEM PIKE AMBLER PA 19002 231401548 CCRC, PROVIDING NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 LUTHERAN CONGREGATIONAL SERVICES 7002 BUTLER PIKE AMBLER PA 19002 231894019 TO PROVIDE DISASTER RESPONSE AND COMMUNITY OUTREACH PA 501(C)(3) LINE 7 LIBERTY LUTHERAN SERVICES 1 LIBERTY VILLAGE 2010 YORK ROAD JAMISON PA 18929 472776767 CCRC, PROVIDING NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 PAUL'S RUN 9896 BUSTLETON AVENUE PHILADELPHIA PA 19115 232053395 CCRC, PROVIDE HOUSING, NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 LIBERTY COMMUNITY SERVICES 7002 BUTLER PIKE AMBLER PA 19002 203630505 TO PROVIDE VARIOUS SERVICES TO SENIORS IN THEIR HOMES PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1