2024-07-25T14:34:23-05:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2023-01-01 542052558 CHESTERBROOK RESIDENCES INC CHES 7035310781 3333 PETERS CREEK ROAD ROANOKE VA 24019 ELIZABETH LASHER VICE PRESIDENT 7035310781 2024-04-29 1 ELIZABETH LASHER 999009999 1 PATRICK PITTMAN P00587461 5403450936 2024-04-29 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X ELIZABETH LASHER 2030 WESTMORELAND STREET FALLS CHURCH VA 22043 7001942 0 X WWW.CHESTERBROOKRES.ORG X 2001 VA TO PROVIDE, ON A NON-PROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE NEEDS OF ELDERLY PERSONS, WITHOUT REGARD TO THEIR RACIAL, SOCIAL, POLITICAL, OR RELIGIOUS BACKGROUDS, AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS, AND LONGEVITY. 10 10 107 0 0 0 22928 5425 6009440 6687154 191686 234363 100000 75000 6324054 7001942 10000 0 0 0 3269823 3515140 0 0 0 2708544 2608087 5988367 6123227 335687 878715 16689354 17205955 11426847 10659114 5262507 6546841 TO PROVIDE A CARING ASSISTED-LIVNG COMMUNITY WITH AN ONGONG TRADITION OF AFFORDABLE HOUSING, OFFERING SOLUTIONS THAT ENABLE US TO SERVE RESIDENTS WITH A RANGE OF INCOMES AND TO REMAIN IF PERSONAL RESOURCES DIMINISH. 0 0 5422532 6762154 TO PROVIDE A CARING ASSISTED-LIVNG COMMUNITY WITH AN ONGONG TRADITION OF AFFORDABLE HOUSING, OFFERING SOLUTIONS THAT ENABLE US TO SERVE RESIDENTS WITH A RANGE OF INCOMES AND TO REMAIN IF PERSONAL RESOURCES DIMINISH. 5422532 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 107 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X MS NANCY REDER SECRETARY 7035310781 2030 WESTMORELAND STREET FALLS CHURCH VA 22043 X DR SCOTT BARTRAM PRESIDENT 1.54 X X 0 0 0 MARSHALL J HYMAN TREASURER 0.60 X X 0 0 0 NANCY REDER SECRETARY 1.85 X X 0 0 0 JIM EDMONDSON BOARD MEMBER 1.21 X 0 0 0 MARY MINTZ BOARD MEMBER 0.15 X 0 0 0 BERNICE PORRAZZO BOARD MEMBER 1.56 X 0 0 0 ELIZABETH LASHER VICE PRESIDENT 0.00 X X 0 0 0 WENDY MAIWURM BOARD MEMBER 0.00 X 0 0 0 ELIZABETH HEFFERON BOARD MEMBER 0.00 X 0 0 0 PAUL ERICKSON BOARD MEMBER 0.00 X 0 0 0 0 0 0 0 0 0 0 COORDINATED SERVICES MANAGEMENT 3333 PETERS CREEK ROAD ROANOKE VA 24019 FACILITY MANAGEMENT 367926 1 5425 5425 RENTAL INCOME 623000 3146507 3146507 SERVICE INCOME 623000 2866429 2866429 OTHER INCOME 623000 674218 674218 6687154 181889 181889 52474 0 52474 52474 52474 CARES ACT STIMULUS FUN 623000 75000 75000 75000 7001942 6762154 0 234363 3301807 3301807 213333 213333 367926 367926 3216 3216 25450 25450 40398 40398 164278 164278 27760 27760 59429 59429 173902 173902 6278 6278 311896 311896 544037 544037 64713 64713 FOOD 318311 318311 REPAIRS AND MAINTENANCE 155873 155873 OTHER TAXES & LICENSES 119379 119379 SUPPLIES 111371 111371 113870 101632 12238 6123227 5422532 700695 0 1264776 1287321 2008926 2180882 91277 113102 14041 13624 33461 62670 15971358 7597225 8222244 8374133 3368988 3482861 1685641 1691362 16689354 17205955 839910 894536 171862 77078 10415075 9687500 11426847 10659114 X 3380577 4617476 1881930 1929365 5262507 6546841 16689354 17205955 878715 405619 0 X X 0 1 X 1 0 X 15017 570279 20496 22928 5425 634145 5311004 4996792 5512753 6109440 6762154 28692143 5326021 5567071 5533249 6132368 6767579 29326288 0 0 0 29326288 143518 118001 115942 126222 181889 685572 143518 118001 115942 126222 181889 685572 5469539 5685072 5649191 6258590 6949468 30011860 0.97720 0.97670 0.02280 0.02330 X 11731392 4762448 6968944 1764929 1661564 103365 1284037 412252 871785 1191000 760961 430039 8374133 LEASEHOLD INTEREST 1479977 INSURANCE ESCROW 27379 REPLACEMENT RESERVE 184006 1691362 7372165 405619 405619 6966546 40398 -5002 35396 7001942 6087831 5002 5002 6082829 40398 40398 6123227 PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON ASSET DISPOSAL -5,002. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON ASSET DISPOSAL 5,002. FORM 990, PART VI, SECTION A, LINE 3 THE ENTITY PAID A MONTHLY MANAGEMENT FEE EQUAL TO 6% OF GROSS RECEIPTS TO AN INDEPENDENT MANAGEMENT AGENT. IN ADDITION, THE ENTITY PAID THE MANAGEMENT AGENT A FINANCIAL ACCOUNTING FEE EQUAL TO $7.50 PER DWELLING UNIT PER MONTH. THE AGREEMENT SHALL CONTINUE FOR A SUCCESSIVE TERM, NO ONE OF WHICH SHALL EXCEED ONE YEAR, UNLESS THE ENTITY OR THE AGENT GIVES NOTICE OF CANCELLATION TO THE OTHER NOT LESS THAN 30 DAYS PRIOR TO THE DATE OF THE EXPIRATION OF SUCH SUCCESSIVE TERM. FORM 990, PART VI, SECTION A, LINE 6 CHESTERBROOK RESIDENCES, INC. IS ORGANIZED AS A VIRGINIA NON-STOCK, NOT FOR PROFIT CORPORATION. THERE ARE 10 DIRECTORS ORGANIZING CONGREGATIONS COMPOSED OF IMMANUEL PRESBYTERIAN CHURCH, LEWINSVILLE PRESBYTERIAN CHURCH AND TEMPLE RODEF SHALOM EACH ELECT 3 DIRECTORS, WHO SERVE STAGGERED 3 YEAR TERMS. THE CAPITAL AREA PRESBYTERY APPOINTS 1 DIRECTOR FORM 990, PART VI, SECTION A, LINE 7A GOVERNANCE BY THE CONGREGATIONS AND PRESBYTERY IS LIMITED TO THE ELECTION OR APPOINTMENT OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO OTHER COMMITTEES WHICH EXIST THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THE BOARD OF DIRECTORS IS THE ONLY GOVERNING BODY WITH AUTHORITY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO OTHER COMMITTEES WHICH EXIST THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THE BOARD OF DIRECTORS IS THE ONLY GOVERNING BODY WITH AUTHORITY. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARER PROVIDES A COPY OF FORM 990 TO CHESTERBROOK RESIDENCES, INC'S BOARD CHAIR FOR REVIEW BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SECTION X OF THE CHESTERBROOK RESIDENCES, INC BY-LAWS SPECIFIES WHAT CONSTITUTES CONFLICTS OF INTERESTS AND MAKES IT MANDATORY FOR BOARD MEMBERS TO MAKE DISCLOSURES. ADDITIONALLY, MEMBERS OF THE BOARD WHO BECOME AWARE OF CONFLICT OF INTEREST POSSIBILITIES INVOLVING OTHER BOARD MEMBERS ARE REQUIRED TO MAKE DISCLOSURES TO THE BOARD OF DIRECTORS. ANY BOARD MEMBER WHO KNOWS OF THE POSSIBILITY THAT HE/SHE HAS A CONFLICT OF INTEREST, OR THAT A MEMBER OF HIS/HER FAMILY HAS A CONFLICT OF INTEREST, SHALL NOT PARTICIPATE WITHOUT APPROVAL OF THE BOARD OR DIRECTORS IN ANY MEETING, NEGOTIATION, OR OTHER ACTION OF THE CHESTERBROOK RESIDENCES, INC INVOLVING THE CONFLICTING PARTY. THE CHESTERBROOK RESIDENCES, INC CODE OF ETHICS REINFORCES THE BY-LAW PROVISIONS AND EXTENDS THEM TO NON-BOARD COMMITTEE MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS CAN BE OBTAINED BY WRITING TO THE SECRETARY OF THE BOARD OF DIRECTORS, CHESTERBROOK RESIDENCES, INC 2030 WESTMORELAND STREET, FALLS CHURCH, VA 22043 FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.