2025-02-19T07:50:02-06:00 2023-12-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2023-01-01 621106224 PSALMS INC PSAL 9013653665 3535 KIRBY PARKWAY MEMPHIS TN 38115 RUDOLF W HERZKE PRESIDENT 9013653665 2025-02-19 1 1 KURT A ALTER CPA P00059492 4077405400 2023 2025-03-06 01:10:19Z KIRBY PINES RETIREMENT COMMUNITY RUDOLF W HERZKE 3535 KIRBY PARKWAY MEMPHIS TN 38115 26187520 0 X WWW.KIRBYPINES.COM X 1983 TN PSALMS, INC. D/B/A KIRBY PINES RETIREMENT COMMUNITY IS DEDICATED TO PROVIDING RESIDENTS WITH A QUALITY LIFESTYLE IN A QUALITY ENVIRNMENT, SUPPORTING THE CONCEPT OF CONTINUED INDEPENDENCE AS A PRIOITY IN THE LIFE CARE DECISION. 8 6 410 82 0 0 0 0 26016178 24666543 162048 1250729 126176 77620 26304402 25994892 0 0 0 0 9854758 9874811 0 0 0 20394679 20779470 30249437 30654281 -3945035 -4659389 74159973 71757299 93991568 96047518 -19831595 -24290219 X PSALMS, INC. D/B/A KIRBY PINES RETIREMENT COMMUNITY IS DEDICATED TO PROVIDING RESIDENTS WITH A QUALITY LIFESTYLE IN A QUALITY ENVIRONMENT, SUPPORTING THE CONCEPT OF CONTINUED INDEPENDENCE AS A PRIOITY IN THE LIFE CARE DECISION. 0 0 14202207 17391598 INDEPENDENT LIVING IN APARTMENTS AND GARDEN HOMES 1944731 1305141 ASSISTED LIVING CARE 10746992 5325208 LONG-TERM CARE 644596 OTHER REVENUES - CONTRACT LABOR PROVIDED TO RELATED ENTITIES 644596 26893930 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 1 0 0 0 1 175 0 1 410 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 TN X MICHAEL KELLY 9017942598 6465 N QUAIL HOLLOW SUITE 400 MEMPHIS TN 38120 RUDOLF W HERZKE PRESIDENT 22.00 X X 52811 0 0 LARRY BRAUGHTON SECRETARY/TREASURER 22.00 X X 0 0 0 DR JAMES LATIMER CHAIRMAN 1.00 X X 17265 0 0 JIM ETHRIDGE DIRECTOR 1.00 X 0 0 0 LINDA HARRINGTON DIRECTOR 1.00 X 0 0 0 MARY ANN HODGES DIRECTOR 1.00 X 0 0 0 RUSTY E LINKUS DIRECTOR 1.00 X 0 0 0 BOYD RHODES JR DIRECTOR 1.00 X 18045 0 0 BERRY E TERRY SECRETARY/TREASURER 1.00 X 27570 0 0 SHAPELL L GATES REGISTERED NURSE 40.00 X 119059 0 2756 BARRY N ROSSELL LICENSED PRACTICAL NURSE 40.00 X 115548 0 5690 MICHAEL A RAYDER DIRECTOR OF GROUNDS 40.00 X 111189 0 1180 ANNA R BRADFORD NURSING HOME ADMINISTRATOR 40.00 X 109444 0 671 MARK SIMPSON DIRECTOR OF CULINARY 40.00 X 105975 0 408 676906 0 10705 5 0 0 0 RETIREMENT COMPANIES OF AMERICA LLC 6465 N QUAIL HOLLOW RD SUITE 400 MEMPHIS TN 38120 CONSULTING SERVICES 1558585 PROFESSIONAL CONSTRUCTION SOLUTIONS LLC 128 BEVERLY DRIVE ATOKA TN 38004 CONSTRUCTION SERVICES 1053157 MAGNOLIA LANDSCAPING SERVICES LLC PO BOX 25447 MEMPHIS TN 38125 LANDSCAPING SERVICES 586669 FUNCTIONAL PATHWAYS OF TENNESSEE LLC 10133 SHERRILL BLVD SUITE 200 KNOXVILLE TN 37932 PROGRAM SERVICES 472741 CONTACT GROUP LLC 2154 HILLSHIRE CIRCLE MEMPHIS TN 38133 CONSTRUCTION SERVICES 297313 11 NET RESIDENT SERVICES 623000 19126088 19126088 EARNED ENTRANCE FEES 623000 4137204 4137204 ANCILLARY SERVICES 623000 758655 758655 OTHER PROGRAM REVENUES 900099 644596 644596 24666543 443357 443357 25200 0 25200 25200 25200 1000000 192628 807372 807372 807372 OTHER INCOME 900099 52420 52420 52420 25994892 24666543 0 1328349 X 64811 64811 8634602 7712203 922399 517014 340069 176945 658384 573618 84766 1447132 1085349 361783 165729 165729 171066 171066 5162417 4713629 448788 218463 4532 213931 680016 467202 212814 328279 328279 2754780 2556918 197862 37718 1688 36030 4953 3083 1870 2173328 2162515 10813 3652159 3555956 96203 1203533 1149784 53749 DIETARY SUPPLIES 1275877 1275877 THERAPY SERVICES 526498 526498 OTHER SUPPLIES 446385 446385 OTHER EXPENSES 260272 239514 20758 270865 79110 191755 30654281 26893930 3760351 0 2598887 4513088 4468162 1750940 1232098 249884 240530 300731 65403 106955334 62195362 45101435 44759972 868424 852861 416074 423807 365206 184459 18040230 19485081 74159973 71757299 9609216 12031252 34326690 32016706 22086039 13626718 27969623 38372842 93991568 96047518 X -19831595 -24290219 -19831595 -24290219 74159973 71757299 X -4659389 156262 44503 X X 0 1 X 1 0 X 2128560 745690 2874250 29764792 31378289 26729814 25888950 24666543 138428388 59097 68846 178800 126176 52420 485339 29823889 33575695 27654304 26015126 24718963 141787977 0 0 0 141787977 316762 407837 117548 289276 468557 1599980 316762 407837 117548 289276 468557 1599980 30140651 33983532 27771852 26304402 25187520 143387957 0.98880 0.98970 0.01120 0.01030 X 999687 999687 57305225 46401652 10903573 34325557 12306426 22019131 4000014 3487284 512730 10324851 10324851 44759972 ACCRUED INTEREST INCOME 30418 ASSETS WHOSE USE IS LIMITED 10233964 CASH VALUE LIFE INSURANCE 2706742 WAIT LIST DEPOSITS 5052731 LAND HELD FOR SALE 1959 BUSINESS DAMAGE CLAIMS 76467 DUE FROM RELATED PARTIES 591879 ROU ASSETS 48590 INTEREST RATE SWAP 211571 CONTRACT ACQUISION COSTS, NET 530760 19485081 WAIT LIST DEPOSITS 9737538 REFUNDABLE FEES 12584350 REFUNDABLE ENTRANCE FEES 6997176 ROU LEASE LIABILITIES 49095 DUE TO LUKE, INC. 5040412 LINE OF CREDIT 3964271 38372842 26195657 156262 44503 200765 25994892 0 25994892 30654281 0 30654281 0 30654281 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP -88,598. CHANGE IN CASH URRENDER VALUE OF LIFE INSURANCE 133,101. X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DUTIES ARE PERFORMED BY RETIREMENT COMPANIES OF AMERICA, LLC, AND ITS EMPLOYEES. THE ORGANIZATION USES A MANAGEMENT COMPANY, RETIREMENT COMPANIES OF AMERICA, LLC (RCA), TO MANAGE THE DAY-TO-DAY OPERATIONS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES, DIRECTIVES, AND GOALS. THE EXECUTIVE DIRECTOR OF THE KIRBY PINES RETIREMENT COMMUNITY IS A RCA EMPLOYEE. THE FILING ORGANIZATION REIMBURSED RCA IN THE AMOUNT OF $185,219 FOR EXECUTIVE DIRECTOR SERVICES PROVIDED DURING THE CURRENT YEAR. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT IS INVOLVED THROUGHOUT THE PREPARATION OF THE 990. MANAGEMENT THEN REVIEWS THE 990 AND PROVIDES A COPY TO THE BOARD OF DIRECTORS VIA EMAIL FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DICLOSURES FROM THE VOTING BOARD MEMBERS, OFFICERS, AND CHARLES S. TRAMMELL JR. ARE REQUIRED ON AN ANNUAL BASIS AND ARE REVIEWED BY OUTSIDE COUNCIL. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT CONSULTANT IS HIRED TO PERFORM A COMPARABILITY ANALYSIS WHICH IS THEN REVIEWED BY OUTSIDE COUNCIL AND APPROVED BY INDEPENDENT BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 ALL APPLICABLE POLICIES ARE AVAILABLE UPON REQUEST TO THE MANAGEMENT COMPANY. FORM 990, PART IX, LINE 11G BOND TRUSTEE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,089. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,089. CONSULTANT FEES: PROGRAM SERVICE EXPENSES 638,768. MANAGEMENT AND GENERAL EXPENSES 67,578. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 706,346. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 4,074,861. MANAGEMENT AND GENERAL EXPENSES 376,121. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,450,982. FORM 990, PART XI, LINE 9: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP -88,598. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 133,101. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LUKE INC 6465 N QUAIL HOLLOW RD SUITE 400 MEMPHIS TN 38120 203524338 CONTINUING CARE RETIREMENT COMMUNITY TN 501(C)(3) 509(A)(2) 0 KIRBY PINES FOUNDATION 3535 KIRBY RD MEMPHIS TN 38115 621532380 FUNDRAISING TO ASSIST RETIREMENT COMMUNITY RESIDENTS TN 501(C)(3) 509(A)(2) 0 THE PATMOS GROUP 6465 N QUAIL HOLLOW RD SUITE 400 MEMPHIS TN 38120 203817574 INACTIVE HOLDING COMPANY OF LUKE, INC. TN 501(C)(3) 509(A)(2) 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0