2024-01-19T11:18:44-06:00 2023-04-30 FORVIS LLP 2700 Post Oak Blvd Ste 1500 HOUSTON TX 77056 990 2022-05-01 720428013 The Glen Retirement System % DEBRA WILLIAMS GLEN 3187983500 403 E Flournoy Lucas Rd Shreveport LA 71115 DEBRA WILLIAMS PRESIDENT & CEO 3187983500 2023-03-15 true MARIE DAVIS 999009999 Amanda Maya P01067777 7134994600 3 2022 2023-04-26 12:10:37Z DEBRA WILLIAMS 403 E FLOURNOY LUCAS RD SHREVEPORT LA 71115 21885299 false X WWW.THEGLEN.ORG X 1898 LA THE MISSION OF THE GLEN RETIREMENT SYSTEM IS TO ENRICH THE LIVES OF OLDER PEOPLE THROUGH HOUSING, HEALTHCARE AND SERVICES. 13 13 262 87 0 0 100602 176137 13843843 15410246 1923515 1276952 336502 188403 16204462 17051738 0 0 0 0 8910456 9045537 0 0 0 8898775 11287161 17809231 20332698 -1604769 -3280960 63632764 58579370 48640261 47982450 14992503 10596920 X THE MISSION OF THE GLEN RETIREMENT SYSTEM IS TO ENRICH THE LIVES OF OLDER PEOPLE THROUGH HOUSING, HEALTHCARE AND SERVICES. THIS MISSION IS ACCOMPLISHED BY DEDICATED COMMUNITY VOLUNTEERS AND COMPASSIONATE PROFESSIONALS WITH COMMITMENT, VISION AND LEADERSHIP. false false 2158388 1892130 MEMORY CARE ASSISTED LIVING IN TWO SECURED BUILDINGS WITH A HOME LIKE ENVIRONMENT AND ACTIVITIES GEARED FOR THOSE OVER 62 WITH MEMORY LOSS. 30 APARTMENTS WITH AN AVERAGE OCCUPANCY OF 97% PROVIDING 10,423 DAYS OF CARE IN FISCAL YEAR ENDING 4/30/23. 3056380 3140037 INDEPENDENT LIVING / ASSISTED LIVING RENTAL UNITS FOR THOSE 62 OR OLDER TO LIVE COMFORTABLY WITH THE OPTION TO ADD SERVICES AS CARE LEVEL CHANGES. 100 APARTMENTS WITH AN AVERAGE OCCUPANCY OF 79% PROVIDING 29,050 DAYS OF CARE IN FISCAL YEAR ENDING 4/30/23. 9104076 8488180 SKILLED NURSING FACILITY LICENSED FOR 126 BEDS, MEDICARE AND MEDICAID CERTIFIED. DESIGNED WITH 5 HOUSEHOLDS WITH TOTAL OF 121 ACTIVE BEDS TO PROVIDE A NURTURING ENVIRONMENT. AN AVERAGE OCCUPANCY OF 65% WITH A PAYOR MIX OF 45% PRIVATE PAY, 41% MEDICAID AND 14% MEDICARE PROVIDING 28,485 PATIENT DAYS IN FISCAL YEAR ENDING 4/30/23. 3287159 1946698 NEW CONSTRUCTION OF REDBROOK, 60 INDEPENDENT LIVING UNITS, COMPLETED AND AVAILABLE TO RENT IN OCTOBER 2021 WITH 43 UNITS RENTED AND 6 2ND OCCUPANTS BY FYE 4/30/23. 3287159 1946698 17606003 true true false false false false false false false false true false false false true false true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false true 44 0 true 262 true false false false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true false false LA X X DEBRA WILLIAMS 3187983500 403 EAST FLOURNOY LUCAS ROAD SHREVEPORT LA 71115 X DEBRA WILLIAMS PRESIDENT & CEO 40.0 0.0 X 166217 0 667 MICHELLE GREER ADMINISTRATOR 40.0 0.0 X 130700 0 658 MARIE DAVIS CHIEF FINANCIAL OFFICER 40.0 0.0 X 124252 0 6299 NATASHA SUDARTO DIRECTOR OF NURSING 40.0 0.0 X 119707 0 632 CAROLYN TILLMAN 1ST VICE CHAIR 2.0 0.0 X X 0 0 0 MARLA SIMMONS CHAIR OF THE BOARD 2.0 0.0 X X 0 0 0 ELLI BLAYLOCK 2ND VICE CHAIR 2.0 0.0 X X 0 0 0 MARISSA HILL SECRETARY 2.0 0.0 X X 0 0 0 RHONDA ANGLIN INTERMEDIATE PAST CHAIR 2.0 0.0 X X 0 0 0 GAYLE FLOWERS DIRECTOR 2.0 0.0 X 0 0 0 JEANNE FULLER DIRECTOR 2.0 0.0 X 0 0 0 CHERYL MCGOWEN DIRECTOR 2.0 0.0 X 0 0 0 BARBARA TERRY DIRECTOR 2.0 0.0 X 0 0 0 ALLISON WASHINGTON DIRECTOR 2.0 0.0 X 0 0 0 MARTI WESTMORELAND DIRECTOR 2.0 0.0 X 0 0 0 MIKE WHITTENBARGER DIRECTOR 2.0 0.0 X 0 0 0 KYLE DOBBINS TREASURER 2.0 0.0 X 0 0 0 540876 0 8256 5 false true false SUMMIT HEALTH REHAB PO BOX 69268 BALTIMORE MD 212649268 REHAB - THERAPY 601615 ALPHA NURSING 820 JORDON ST SHREVEPORT LA 71101 CONTRACT NURSING 303162 ELITE HEALTH SOLUTIONS 7591 FERN AVE STE 1602 SHREVEPORT LA 71105 CONTRACT NURSING 229740 DMR MECHANICAL PO BOX 19507 SHREVEPORT LA 71149 REPAIR SERVICES 198333 JDRO LLC 2535 DESIREE MESHELL RD SHREVEPORT LA 71115 LAWN SERVICES 161902 7 53840 122297 176137 Resident Revenue 623000 15410246 15410246 15410246 212777 212777 0 0 135104 135104 0 135104 135104 5884171 3500 4823496 1060675 3500 1064175 3500 1060675 0 0 0 0 0 0 10697 10065 632 632 Resident Meal Revenue 623000 13448 13448 Resident Housekeeping Revenue 623000 9170 9170 MISCELLANEOUS REVENUE 623000 30049 30049 52667 17051738 15467045 0 1408556 0 0 0 0 297435 252169 45266 0 7508693 6368782 1139911 45384 28400 16984 613742 510710 103032 580283 494493 85790 24000 24000 10037 10037 169818 169818 0 0 0 1163872 769992 393880 164232 88153 76079 331244 184395 146849 0 0 1207075 1156320 50755 26989 25360 1629 0 45405 19302 26103 2315845 2314726 1119 0 2420194 2321450 98744 266710 249324 17386 Medical Supplies 809487 809487 Maintenance & Repairs 589153 377652 211501 Dietary Expenses 1125176 1125176 Provider Fees 343761 343761 274163 166351 107812 20332698 17606003 2726695 0 970499 1894829 582000 145000 0 0 690706 860784 0 0 0 0 0 0 31346 27559 311399 257823 71685836 25802537 47889975 45883299 12124108 8536183 0 0 0 0 0 0 1032731 973893 63632764 58579370 1678648 1643596 0 0 0 0 46134535 45575596 0 0 0 0 0 0 0 0 827078 763258 48640261 47982450 X 14992503 10596920 0 0 14992503 10596920 63632764 58579370 -3280960 -1114623 X false true X true false X 79787 112588 77378 100602 176137 546492 14491590 14863493 14097439 13883204 15473610 72809336 0 0 0 14571377 14976081 14174817 13983806 15649747 73355828 106934 7916 5475 7905 1690 129920 2476064 2431676 2366857 2101941 1841275 11217813 2582998 2439592 2372332 2109846 1842965 11347733 62008095 244602 249650 231483 262196 347881 1335812 0 244602 249650 231483 262196 347881 1335812 0 0 211504 1976931 271537 0 2459972 14815979 15437235 16383231 14517539 15997628 77151612 0.80372 0.76658 0.01731 0.01602 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2080079 2080079 63097122 21570792 41526330 6508635 4231745 2276890 45883299 0 Interest Payable 763258 763258 15933615 -1114623 -3500 -1118123 17051738 17051738 20329198 -3500 -3500 20332698 20332698 SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED STATEMENTS WITH REVENUE PER 990 OTHER CHANGES: LOSS FROM DISPOSAL OF PROPERTY INCLUDED IN EXPENSES ON AUDIT ($3,500) SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSE PER AUDITED STATEMENTS WITH EXPENSE PER 990 OTHER CHANGES: LOSS FROM DISPOSAL OF PROPERTY INCLUDED IN REVENUE ON RETURN ($3,500) SCHEDULE D, PART X, LINE 2 THE GLEN HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE IRC. THE IRC PROVIDES FOR TAXATION OF UNRELATED BUSINESS INCOME UNDER CERTAIN CIRCUMSTANCES. THE GLEN REPORTS UNRELATED BUSINESS TAXABLE INCOME RESULTING FROM ITS ENTERPRISE ACTIVITIES. MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. X X X false false false false false false false true false DEBRA WILLIAMS PRESIDENT & CEO 156217 0 10000 0 0 0 0 0 667 0 166884 0 0 0 SCHEDULE J, PART I, LINE 7 THE DISCRETIONARY BONUS WAS PAID AS A REWARD FOR THE EXTRA TASKS ASSUMED RELATED TO THE PLANNING, CONSTRUCTION, AND EXECUTION OF OPENING THE NEW INDEPENDENT LIVING BUILDING ON THE CAMPUS. THE AMOUNT OF THE BONUS IS DETERMINED BY THE BOARD AT THEIR DISCRETION. A LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE 721416168 54628DAL4 2019-12-04 44685000 RETIRE EXISTING DEBT, UPDATE EXIST false false false A 8806258 0 45918756 2658500 2417144 0 904104 0 0 31819690 123060 0 2021 true true false true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A true SCH.K, PART II, LINE 3, COLUMN A TOTAL PROCEEDS OF ISSUE EXCEEDS THE ISSUE PRICE DUE TO THE ORIGINAL ISSUE PREMIUM ON THE BOND. SCH.K, PART I, LINE A, COLUMN F TO RETIRE EXISTING DEBT, UPDATE EXISTING FACILITY, AND CONSTRUCT 60 NEW INDEPENDENT LIVING UNITS. FORM 990, PART VI, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD, FIRST VICE-CHAIR, SECOND VICE-CHAIR, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD TO THE EXTENT AND WITH THE SAME EFFECT AS THOUGH SUCH ACTION HAD BEEN TAKEN BY THE BOARD OF DIRECTORS. THREE (3) MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION ENGAGES AN OUTSIDE ACCOUNTING FIRM TO PREPARE FORM 990. ONCE PREPARED, THE GOVERNING BOARD REVIEWS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND OFFICERS PERFORM A PERIODIC REVIEW OF PROCEDURES IN ORDER TO ENFORCE COMPLIANCE WITH THE ORGANIZATION'S POLICIES. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USES INDUSTRY DATA (CCRC SALARY AND BENEFITS REPORT, AND ROBERT HALF) AND DATA FROM LDOL TO DETERMINE SALARIES. THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S SALARY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.