2024-08-15T09:05:54-05:00 2023-09-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-10-01 582004356 PRESBYTERIAN HOMES FOUNDATION INC PRES 3368866553 2109 SANDY RIDGE RD 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 BRIGHTSPIRE FOUNDATION TIMOTHY J WEBSTER 2109 SANDY RIDGE RD COLFAX NC 27235 14994718 0 X N/A X 1992 NC TO SUPPORT AFFILIATES THE PRESBYTERIAN HOMES INC DBA BRIGHTSPIRE AND GLENAIRE, INC, WHOSE VISION IS TO CREATE AN INNOVATIVE, VIBRANT, AND DIVERSE CULTURE WHICH PROVIDES SECURITY AND ENHANCES QUALITY OF LIFE WHILE PROVIDING HOUSING AND SERVICE TO SENIOR ADULTS. 15 15 0 0 0 0 1456908 1351517 0 0 1550434 1413989 0 0 3007342 2765506 0 0 0 0 0 0 0 0 0 2399298 2448679 2399298 2448679 608044 316827 42911390 48060734 413974 1605721 42497416 46455013 X TO RAISE FUNDS FOR THE BENEFIT OF THE PRESBYTERIAN HOMES, INC DBA BRIGHTSPIRE AND GLENAIRE, INC WHICH OPERATE AS PUBLIC CHARITIES (501(C)(3)) IN ORDER TO ASSIST THE RETIREMENT COMMUNITIES IN SERVING PERSONS WHO FINANCIALLY OTHERWISE MIGHT NOT BE ABLE TO RESIDE AT THE RETIREMENT COMMUNITY. ALL IN SUPPORT OF THE MISSION TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF THOSE WE SERVE. 0 0 2391213 THE PRESBYTERIAN HOMES FOUNDATION, INC DBA BRIGHTSPIRE FOUNDATION PROVIDES FINANCIAL SUPPORT THROUGH GRANTS TO THE PRESBYTERIAN HOMES, INC DBA BRIGHTSPIRE AND GLENAIRE, INC. 2391213 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 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 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X RHONDA M CUMMONS 3368866553 2109 SANDY RIDGE RD COLFAX NC 27235 JAMES MORGAN CHAIRPERSON 1.00 X X 0 0 0 DELORES PARKER VICE CHAIRPERSON 1.00 X X 0 0 0 WITHERS HORNER SECRETARY 1.00 X X 0 0 0 ANGELA K BUTLER TREASURER 1.00 X X 0 0 0 NANCY L RUSSELL BOARD MEMBER 1.00 X 0 0 0 JOHN BOOTH BOARD MEMBER 1.00 X 0 0 0 TRIPP BRADSHAW BOARD MEMBER 1.00 X 0 0 0 ELIZABETH COOLEY BOARD MEMBER 1.00 X 0 0 0 BRIAN DONLEY BOARD MEMBER 1.00 X 0 0 0 MARC HUMANN BOARD MEMBER 1.00 X 0 0 0 BECKY KING BOARD MEMBER 1.00 X 0 0 0 ALAN LIVINGSTON BOARD MEMBER 1.00 X 0 0 0 VICKI H MCCAIN BOARD MEMBER 1.00 X 0 0 0 CLAIRE MANSFIELD BOARD MEMBER 1.00 X 0 0 0 AVYS MASSEY BOARD MEMBER 1.00 X 0 0 0 BRENDA G GILBERT BOARD MEMBER 1.00 X 0 0 0 SAM G NICHOLS BOARD MEMBER 1.00 X 0 0 0 DAVID L BURNS BOARD MEMBER 1.00 X 0 0 0 BILL HARRIS BOARD MEMBER 1.00 X 0 0 0 ALEXANDER WRENN BOARD MEMBER 1.00 X 0 0 0 TIMOTHY WEBSTER ASSISTANT SECRETARY 1.00 37.50 X 0 526459 36180 JULIA HANOVER ASSISTANT TREASURER 1.00 37.50 X 0 315145 29057 0 841604 65237 0 0 1 0 0 1351517 23222 1351517 1418539 1418539 12224662 12229212 -4550 -4550 -4550 2765506 0 0 1413989 57466 57466 2391213 2391213 2448679 2391213 57466 0 2997612 2391744 60000 40000 39853778 45628990 42911390 48060734 413974 1605721 413974 1605721 X 35767145 38903636 6730271 7551377 42497416 46455013 42911390 48060734 316827 3640770 0 X 0 1 X 1 0 X X 2 PRESBYTERIAN HOMES INC 560564344 10 1 1821426 0 GLENAIRE INC 561739542 10 1 570487 0 2 2391913 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G SUPPORT FUNDS FOR THE PRESBYTERIAN HOMES, INC. DBA BRIGHTSPIRE INCLUDES GIFTS RESTRICTED FOR THE SUPPORT OF THE RESIDENTS OF CAPITAL TOWERS. CAPITAL TOWERS IS AFFORDABLE HOUSING FOR SENIORS LOCATED IN RALEIGH, NC. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37962796 527507 4549402 532092 57465 42450148 46832130 1248170 -7233483 2798013 86008 37962796 33362191 5780383 9221781 1443555 88670 46832130 32383534 439168 1808666 1193034 76143 33362191 31103799 365620 1681940 704655 63170 32383534 0.89000 0.11000 0.00000 0 0 0 DUE TO AFFILIATE 1605721 1605721 X 4015063 3640770 -2391213 1249557 2765506 0 2765506 57466 0 57466 2391213 2391213 2448679 PART V, LINE 4: RESIDENT FINANCIAL ASSISTANCE AND OTHER NEEDS OF THE COMMUNITY. 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: GRANTS TO RELATED ORGANIZATIONS -2,391,213. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO RELATED ORGANIZATIONS 2,391,213. 1 PRESBYTERIAN HOMES INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 560564344 501(C)(3) 1821426 0 TO PROVIDE CARE FOR SENIOR ADULTS. GLENAIRE INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 561739542 501(C)(3) 570487 0 TO PROVIDE CARE FOR SENIOR ADULTS. 2 0 PART I, LINE 2: THE ORGANIZATION MAKES GRANTS TO ITS SUPPORTED ORGANIZATIONS. X X X X X 0 0 0 0 0 0 0 0 0 TIMOTHY WEBSTER ASSISTANT SECRETARY 0 471306 0 55153 0 0 0 23285 0 12895 0 562639 0 0 JULIA HANOVER ASSISTANT TREASURER 0 284354 0 30791 0 0 0 17815 0 11242 0 344202 0 0 SCHEDULE J, PART I, LINE 3 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; ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. THE EXECUTIVES' COMPENSATION IS CALCULATED USING THE EXECUTIVE COMPENSATION PLAN APPROVED BY THE BOARD OF GOVERNORS. THE ASSISTANT SECRETARY'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 BOARDS. THIS IS DOCUMENTED IN THE BOARD MINUTES. 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 OFFICERS ARE COMPENSATED BY THE RELATED ORGANIZATION. THE VICE PRESIDENT OF HUMAN RESOURCES OF THE RELATED ORGANIZATION 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, ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. THE EXECUTIVES' COMPENSATION IS CALCULATED USING THE EXECUTIVE COMPENSATION PLAN APPROVED BY THE BOARD OF GOVERNORS. THE ASSISTANT SECRETARY'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 BOARDS. THIS IS DOCUMENTED IN THE BOARD MINUTES. 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. PRESBYTERIAN HOMES INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 560564344 CARE FOR SENIOR ADULTS NC 501(C)(3) LINE 10 N/A 0 GLENAIRE INC 2109 SANDY RIDGE ROAD COLFAX NC 27235 561739542 CARE FOR SENIOR ADULTS NC 501(C)(3) LINE 10 PRESBYTERIAN HOMES INC 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 PRESBYTERIAN HOMES INC B 1821426 CASH PAID GLENAIRE INC B 570487 CASH PAID