2024-11-15T08:43:11-06:00 2023-12-31 420714325 RSM US LLP 6 S PATTERSON BLVD DAYTON OH 45402 990 2023-01-01 610461720 EPISCOPAL CHURCH HOME EPIS 5132719610 3870 VIRGINIA AVE CINCINNATI OH 452273431 DANIEL P STEWARD CFO 5132719610 2024-11-14 1 1 KAREN O CRIM P00368385 9372980201 2024-11-14 2023 2024-10-15 13:58:12Z LAURA LAMB 3870 VIRGINIA AVE CINCINNATI OH 452273431 8045795 0 X WWW.EPISCOPALRETIREMENT.COM X 1872 KY TO ENHANCE THE QUALITY OF LIFE FOR OLDER ADULTS THROUGH A CARING, CHRISTIAN COMMUNITY. 17 16 0 147 0 0 8276 973080 5538478 6489618 -30476 165571 106408 417526 5622686 8045795 5622 0 0 0 4225743 4409503 0 0 131997 4825412 5618970 9056777 10028473 -3434091 -1982678 43430147 45224244 37706571 38057830 5723576 7166414 X AS AN INTERDENOMINATIONAL CHRISTIAN COMMUNITY RETIREMENT AND CARE FACILITY, THE EPISCOPAL CHURCH HOME IS DEDICATED TO PROVIDING A FULL RANGE OF HIGH-QUALITY RESIDENT SERVICES FROM LONG TERM ALZHEIMER'S/MEMORY CARE TO SHORT TERM REHABILITATION ON A NOT-FOR-PROFIT BASIS. 0 0 7176735 0 6587295 THE EPISCOPAL CHURCH HOME, INC. (THE ORGANIZATION) IS A KENTUCKY NONPROFIT ORGANIZATION LOCATED IN LOUISVILLE, KENTUCKY. THE ORGANIZATION OPERATES A SENIOR RESIDENTIAL HEALTH CARE FACILITY AND HOME KNOWN AS THE EPISCOPAL CHURCH HOME (THE HOME). THE HOME HAS LICENSES TO OPERATE UP TO 26 SKILLED NURSING FACILITY BEDS, 26 NURSING HOME BEDS, AND 48 PERSONAL CARE BEDS, 26 OF WHICH ARE LOCATED IN A DESIGNATED SPECIAL CARE UNIT FOR MEMORY-IMPAIRED PERSONS. ST. LUKE'S CHAPEL IS LOCATED ADJACENT TO THE HOME AND ITS ACCOUNTS AND ACTIVITIES ARE INCLUDED WITH THOSE OF THE HOME. THE ORGANIZATION ALSO OWNS AND OPERATES DUDLEY SQUARE, AN INDEPENDENT LIVING RETIREMENT COMMUNITY CONSISTING OF 87 TOWNHOUSES ON A SITE ADJACENT TO THE HOME. RESIDENTS OF DUDLEY SQUARE HAVE LIFETIME OCCUPANCY RIGHTS IN RETURN FOR PAYMENT. IN EARLY 2020, ECH ANNOUNCED A $19 MILLION RENOVATION FOR THE CAMPUS WHICH WILL ALLOW IT TO CONTINUE ITS MISSION AND LEGACY OF SERVING OLDER ADULTS IN A PERSON-CENTERED, INNOVATIVE AND SPIRTUALLY-BASED WAY AS WELL AS RESPOND TO CHANGING MARKET TRENDS AND CONSUMER PREFERENCES. THE PROJECT WAS COMPLETED IN 2023. 7176735 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 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 1 1 0 0 1 18 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 KY X DANIEL P STEWARD 5132719610 3870 VIRGINIA AVENUE CINCINNATI OH 45227 LAURA LAMB CEO 10.00 30.00 X X 0 518728 76758 ROB KING CHAIR 0.30 0.50 X X 0 0 0 DORA ANIM TRUSTEE 0.20 0.40 X 0 0 0 AMY BURNETTE TRUSTEE 0.20 0.00 X 0 0 0 W THOMAS COOPER TRUSTEE 0.20 0.60 X 0 0 0 THE REV CANON AMY COULTAS TRUSTEE 0.20 0.50 X 0 0 0 THE REV DARREN ELIN TRUSTEE 0.20 0.40 X 0 0 0 TREY FOLGER TRUSTEE 0.20 0.00 X 0 0 0 THE REV JOHN FRITSCHNER TRUSTEE 0.20 0.90 X 0 0 0 JOANN HAGOPIAN TRUSTEE 0.20 0.60 X 0 0 0 GREGORY HOPKINS TRUSTEE 0.20 0.40 X 0 0 0 ERIC KEARNEY TRUSTEE 0.30 0.40 X 0 0 0 THE REV CANON JACK KOEPKE TRUSTEE 0.20 0.40 X 0 0 0 GERRON MCKNIGHT TRUSTEE 0.20 0.40 X 0 0 0 JENNY PAYNE TRUSTEE 0.20 0.40 X 0 0 0 TOM REGAN TRUSTEE 0.20 0.60 X 0 0 0 GIBBS REESE TRUSTEE 0.20 0.50 X 0 0 0 ALBERT SMITHERMAN TRUSTEE 0.30 0.40 X 0 0 0 NELSON TOEBBE TRUSTEE 0.20 0.00 X 0 0 0 ANNE WILSON TRUSTEE 0.30 0.00 X 0 0 0 CHIP WORKMAN TRUSTEE 0.20 0.60 X 0 0 0 BETH ZWILLING TRUSTEE 0.20 0.40 X 0 0 0 DANIEL STEWARD CFO 10.00 30.00 X 0 252506 35142 JAMES WILSON VP, AFFORDABLE LIVING 10.00 30.00 X 0 186306 15285 MEGAN BRADFORD VP, MIDDLE MARKET & MINISTRY 10.00 30.00 X 0 146102 4212 JOAN WETZEL VP, HR & ORG. DEV. 10.00 30.00 X 0 169067 36138 BEVERLY EDWARDS VP, RESIDENT HEALTHCARE 10.00 30.00 X 0 202734 3459 BRYAN REYNOLDS VP, MARKETING (UNTIL 12/29/23) 10.00 30.00 X 0 141924 37116 0 1617367 208110 0 0 1 0 RIDGESTONE GENERAL CONTRACTOR 7015 LIGHTHOUSE WAY STE 500 PERRYSBURG OH 43551 GENERAL CONTRACTOR SERVICES 3591087 HEALTHPRO HERITAGE LLC 1 MARCUS DRIVE GREENVILLE SC 29615 HEALTHCARE STAFFING SERVICES 272106 SYSCO LOUISVILLE 7705 NATIONAL TURNPIKE LOUISVILLE KY 40214 FOOD SERVICES 223392 PAT O'DONNELL LANDSCAPE AND LAWN CARE IN 10200 POCO PLACE LOUISVILLE KY 40291 MAINTENANCE SERVICES 201723 4 972932 148 973080 RESIDENT SERVICES 623000 6016473 6016473 ENTRANCE FEES 623000 453651 453651 BEAUTY SHOP 623000 19494 19494 6489618 47684 47684 117887 0 117887 117887 117887 INSURANCE PROCEEDS 900099 308273 308273 COMMISSION FEES 623000 68400 68400 RESIDENTS' GUESTS MEAL 623000 14440 14440 26413 14837 11576 417526 8045795 6553361 0 519354 3695948 3057333 546323 92292 52887 52887 352711 336487 16224 307957 248156 51592 8209 484704 484704 20919 20919 949 949 14530 14530 657807 489231 168576 199779 199779 126081 126081 583925 583925 2088 358 1107 623 1117 1012 105 153480 153480 1775734 1536753 238981 411927 411927 MAINTENANCE & REPAIRS 275295 275295 FOOD 230897 230897 SUPPLIES 186360 179771 6589 FRANCHISE TAX 94460 94460 398918 143057 241212 14649 10028473 7176735 2719741 131997 1611642 696510 7203 7203 273606 195630 33922 95203 51490023 17552734 31763523 33937289 1927095 1662767 7813156 8629642 43430147 45224244 19269846 2398626 2161974 3969385 0 11641451 16274751 20048368 37706571 38057830 X -2609547 -2035163 8333123 9201577 5723576 7166414 43430147 45224244 X -1982678 109030 3316486 X 0 1 X 1 0 X 605188 1011830 392294 8276 973080 2990668 17443820 12900192 6069861 5538478 6489618 48441969 18049008 13912022 6462155 5546754 7462698 51432637 301835 972932 1274767 0 301835 972932 1274767 50157870 19935 3479 36007 40929 47684 148034 19935 3479 36007 40929 47684 148034 469109 78838 33435 106408 417526 1105316 18538052 13994339 6531597 5694091 7927908 52685987 0.95200 0.98370 0.00280 0.00180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 949 0 0 0 949 0 PART II-B, LINE 1: DUES TO LEADINGAGE OF $949 RELATING TO LOBBYING ACTIVITIES. 47453 47453 47453 47453 47453 47453 47453 47453 47453 47453 0 0 804971 804971 47767223 15288069 32479154 2790723 2154073 636650 127106 110592 16514 33937289 INTEREST IN NET ASSETS OF FINANCIALLY INTERRELATED FOUNDATION 8629642 8629642 REFUNDABLE ADVANCE DEPOSITS 20048368 20048368 X 11468709 109030 3328414 3437444 8031265 14530 14530 8045795 10025871 11928 11928 10013943 14530 14530 10028473 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUND INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. DONOR-RESTRICTED FUNDS ARE PRESENTED AS PERMANENT AND TEMPORARILY RESTRICTED NET ASSETS AND CONSIST OF AMOUNTS RESTRICTED FOR THE PURPOSE OF CHARITY CARE, SPECIFIED CAPITAL EXPENDITURES AND OTHER MISCELLANEOUS OPERATIONAL PURPOSES. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE IS NOT SUBJECT TO INCOME TAXES. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES; HOWEVER, NO EXAMINATIONS ARE IN PROGRESS. MANAGEMENT BELIEVES THE ORGANIZATION IS NOT SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN NET ASSETS OF INTERRELATED ORGANIZATIONS 816,486. TRANSFERS FROM AFFILIATES 2,500,000. IN-KIND CONTRIBUTION 11,928. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND EXPENSES 11,928. 0 0 0 0 0 0 0 0 0 LAURA LAMB CEO 0 431352 0 78376 0 9000 0 38118 0 38640 0 595486 0 0 DANIEL STEWARD CFO 0 232787 0 19719 0 0 0 0 0 35142 0 287648 0 0 BEVERLY EDWARDS VP, RESIDENT HEALTHCARE 0 180720 0 22014 0 0 0 3139 0 320 0 206193 0 0 JOAN WETZEL VP, HR & ORG. DEV. 0 151670 0 17397 0 0 0 3508 0 32630 0 205205 0 0 JAMES WILSON VP, AFFORDABLE LIVING 0 163191 0 23115 0 0 0 2908 0 12377 0 201591 0 0 BRYAN REYNOLDS VP, MARKETING (UNTIL 12/29/23) 0 131078 0 10846 0 0 0 0 0 37116 0 179040 0 0 MEGAN BRADFORD VP, MIDDLE MARKET & MINISTRY 0 129561 0 16300 0 241 0 3894 0 318 0 150314 0 0 PART I, LINE 3 EPISCOPAL RETIREMENT HOMES INC, A RELATED PARTY, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO: -COMPENSATION SURVEY OR STUDY -COMPENSATION COMMITTEE -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 3 EPISCOPAL RETIREMENT SERVICES PROVIDES THE ORGANIZATION WITH MANAGEMENT SERVICES UNDER THE TERMS OF THE AFFILIATION. FORM 990, PART VI, SECTION A, LINE 6 THE EPISCOPAL CHURCH HOME, INC. HAS TWO MEMBERS, EPISCOPAL RETIREMENT SERVICES AND THE EPISCOPAL CHURCH HOME FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A EPISCOPAL RETIREMENT SERVICES HAS THE POWER TO APPOINT BOARD MEMBERS. THE NUMBER OF DIRECTORS MAY VARY FROM TIME TO TIME WITH ALL VOTING EXCEPT 1 NON-VOTING DIRECTOR. THE BISHOP MAY APPOINT ONE DIRECTOR, EPISCOPAL RETIREMENT HOMES, INC MAY APPOINT 5 DIRECTORS AND THE EPISCOPAL CHURCH HOME FOUNDATION SHALL APPOINT 3 DIRECTORS. THESE INDIVIDUALS HAVE ALL THE SAME VOTING RIGHTS AS ANY OTHER MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B EPISCOPAL RETIREMENT SERVICES AND THE EPISCOPAL CHURCH HOME FOUNDATION, INC. HAVE RESERVED RIGHTS ON CERTAIN DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED AND APPROVED BY THE EPISCOPAL RETIREMENT SERVICES (ERS) CFO. THE 990 IS THEN SHARED WITH THE ERS FINANCE COMMITTEE AND THE EPISCOPAL CHURCH HOME, INC. BOARD PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AT THE BEGINNING OF THE FISCAL YEAR OR IN CONNECTION WITH THE ANNUAL AUDIT AND MORE FREQUENTLY WHEN ASKED TO DO SO. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE EPISCOPAL CHURCH HOME, INC. ARE MADE AVAILABLE TO THE PUBLIC ONLY UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN THE INTERNAL REVENUE CODE SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INVESTMENTS HELD AT FINANCIALLY INTERRELATED FOUNDATION 816,486. TRANSFERS FROM AFFILIATES 2,500,000. EPISCOPAL CHURCH HOME FOUNDATION INC 7504 WESTPORT ROAD LOUISVILLE KY 40222 813985477 INVESTMENT KY 501(C)(3) LINE 12C, III-FI N/A 0 EPISCOPAL RETIREMENT SERVICES 3870 VIRGINIA AVENUE CINCINNATI OH 45227 475651061 SUPPORTING ORGANIZATION OH 501(C)(3) LINE 12C, III-FI N/A 0 EPISCOPAL RETIREMENT HOMES INC 3870 VIRGINIA AVENUE CINCINNATI OH 45227 310554071 LOW INCOME HOUSING OH 501(C)(3) LINE 10 EPISCOPAL RETIREMENT SERVICES 1 EPISCOPAL RETIREMENT SERVICES FOUNDATION 3870 VIRGINIA AVENUE CINCINNATI OH 45227 311570272 INVESTMENT OH 501(C)(3) LINE 12A, I EPISCOPAL RETIREMENT HOMES INC 1 EPISCOPAL CHURCH HOME SHORT FUND PO BOX 34290 LOUISVILLE KY 40232 616019927 TRUST KY N/A T 143297 1.00000 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 EPISCOPAL RETIREMENT HOMES INC O 3874322 FMV EPISCOPAL CHURCH HOME FOUNDATION INC C 972932 FMV EPISCOPAL RETIREMENT HOMES INC M 860000 FMV EPISCOPAL RETIREMENT HOMES INC S 2410561 FMV