2025-11-14T08:47:09-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 922896025 WAVERLY SENIOR SERVICES WAVE 6106458600 1400 WAVERLY ROAD GLADWYNE PA 190351254 ROBERT L SUPPER SENIOR VP OF FINANCE & CFO 6106458600 2025-10-29 1 1 KERRI N BOGDA P00760402 7177404863 2025-10-29 2024 2025-03-06 01:10:19Z THOMAS P GARVIN 1400 WAVERLY ROAD GLADWYNE PA 190351254 2958420 0 X WWW.WAVERLYHEIGHTS.ORG X 2023 PA TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE SUPPORTED ORGANIZATIONS. 9 9 15 9 0 0 0 0 1289182 2957070 0 0 150 1350 1289332 2958420 0 0 0 0 1221471 2663994 0 0 0 95453 69142 1316924 2733136 -27592 225284 979720 1913403 16765595 12988340 -15785875 -11074937 TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE SUPPORTED ORGANIZATIONS. 0 0 2663994 2957070 TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE SUPPORTED ORGANIZATIONS. 2663994 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 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 0 0 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ROBERT L SUPPER 6106458600 1400 WAVERLY ROAD GLADWYNE PA 190351254 STEVEN D KIRKPATRICK CHAIR 2.00 2.00 X X 0 0 0 ANNE N CONROY VICE CHAIR 2.00 2.00 X X 0 0 0 RICHARD E BAUER TRUSTEE 2.00 2.00 X 0 0 0 DONALD R FLEISCHER TRUSTEE 2.00 2.00 X 0 0 0 ANDREA GILBERT TRUSTEE 2.00 2.00 X 0 0 0 CAROL M GRAY TRUSTEE 2.00 X 0 0 0 HOWARD L MEYERS TRUSTEE 2.00 X 0 0 0 ROBERT L ROBINSON TRUSTEE 2.00 X 0 0 0 AMBASSADOR KATHERINE SHIRLEY TRUSTEE 2.00 2.00 X 0 0 0 THOMAS P GARVIN PRESIDENT & CEO 1.00 44.00 X 699468 0 26754 ROBERT L SUPPER SENIOR VP OF FINANCE & CFO 1.00 44.00 X 414169 0 22908 MEREDITH FEHER SENIOR VP OF HEALTHCARE SVCS. 1.00 44.00 X 325852 0 26754 PATRICIA RODGERS VP, DIR. OF OPS., WAVERLY CARE 1.00 44.00 X 279439 0 21079 1718928 0 97495 4 0 1 0 0 MANAGEMENT FEES 561000 2957070 2957070 2957070 OTHER INCOME 900099 1350 1350 1350 2958420 2957070 0 1350 1816423 1816423 504369 504369 203615 203615 24539 24539 115048 115048 20012 20012 5294 5294 2084 2084 3434 3434 32688 32688 DUES & SUBSCRIPTIONS 2869 2869 PROFESSIONAL DEVELOPMEN 2744 2744 MISCELLANEOUS EXPENSE 17 17 2733136 2663994 69142 0 423875 246894 549299 1466072 6546 200437 979720 1913403 807312 1715707 15958283 12122423 16765595 12988340 X -17772660 -13017571 1986785 1942364 -15785875 -11074937 979720 1913403 X 225284 4485654 X 0 1 X 1 0 X X X 2 WAVERLY HEIGHTS 232212842 10 1 0 227167 WAVERLY CARE 232655145 10 1 0 0 2 0 227167 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: INVESTMENT CONSULTANT PROVIDES ADVICE THAT IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. ALL INVESTMENTS ARE ON THE BOOKS OF WAVERLY HEIGHTS. PART IV, SECTION E, LINE 3A: PER THE BYLAWS OF BOTH WAVERLY CARE AND WAVERLY HEIGHTS, APPROVAL OF WAVERLY SENIOR SERVICES IS REQUIRED FOR ELECTION OR REMOVAL OF TRUSTEES. PART IV, SECTION E, LINE 3B: PER THE BYLAWS OF BOTH WAVERLY CARE AND WAVERLY HEIGHTS, APPROVAL OF WAVERLY SENIOR SERVICES IS REQUIRED FOR: A. THE ADOPTION OF THE CORPORATION'S OPERATING AND CAPITAL BUDGETS, INCLUDING ANY DEVIATIONS THEREFROM OR REVISIONS OR AMENDMENTS THERETO; B. THE INCURRENCE OF ANY MATERIAL INDEBTEDNESS THAT IS NOT INCLUDED IN THE CORPORATION'S OPERATING OR CAPITAL BUDGETS APPROVED BY THE MEMBER, OR ANY OTHER INDEBTEDNESS, WHETHER OR NOT INCLUDED IN SUCH BUDGETS, WHICH WOULD REQUIRE THE GUARANTY OR SURETY OF THE MEMBER; C. THE ELECTION OR REMOVAL OF TRUSTEES OF THE BOARD; D. THE AMENDMENT, ADOPTION, OR REPEAL OF THE ARTICLES OR THE BYLAWS; E. THE APPROVAL OF A PLAN OF MERGER OR CONSOLIDATION, CONVERSION, OR DIVISION, OR ANY OTHER TRANSACTION WITHIN THE SCOPE OF THE PENNSYLVANIA ENTITY TRANSACTIONS LAW, 15 PA. CONS. STAT. ANN. SEC. 311 ET SEQ.; THE CREATION OR ACQUISITION OF ANY SUBSIDIARY ORGANIZATION; THE ACQUISITION OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OR BUSINESS OF ANOTHER ENTITY; OR THE PARTICIPATION IN ANY ALLIANCE, JOINT VENTURE, AFFILIATION, OR OTHER RELATIONSHIP WITH ANOTHER ENTITY WHICH WOULD RESULT IN A CHANGE IN CONTROL OF THE CORPORATION OR SUCH ENTITY; F. THE SALE, PLEDGE, LEASE, RELINQUISHMENT, TRANSFER, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF THE CORPORATION'S ASSETS; AND ANY CHANGES TO THE CORPORATION'S ORGANIZATIONAL STRUCTURE OR CORPORATE PURPOSE; G. THE AUTHORIZATION AND DESIGNATION OF THE CORPORATION'S OFFICERS TO EXECUTE A DEED OF ASSIGNMENT FOR THE BENEFIT OF CREDITORS, FILE A VOLUNTARY PETITION IN BANKRUPTCY, FILE AN ANSWER CONSENTING TO THE APPOINTMENT OF A RECEIVER, OR FILE AN ANSWER TO AN INVOLUNTARY PETITION IN BANKRUPTCY; H. THE DETERMINATION TO INDEMNIFY A REPRESENTATIVE (AS THAT TERM IS DEFINED IN ARTICLE XII OF THE BYLAWS); I. THE ELECTION OR REMOVAL OF ANY OF THE CORPORATION'S BOARD OFFICERS, THE PRESIDENT/CHIEF EXECUTIVE OFFICER OR THE CHIEF FINANCIAL OFFICER; OR, J. THE AUTHORIZATION, APPROVAL, AMENDMENT, OR TERMINATION OF ANY MANAGEMENT CONTRACT(S). 0 INVESTMENT IN WAVERLY CARE 1466072 F 1466072 DUE FROM RELATED PARTY 200437 200437 NET INVESTMENT IN SUBSIDARY 11272631 DUE TO RELATED PARTY 849792 12122423 2958420 0 2958420 0 2958420 2733136 0 2733136 0 2733136 X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 THOMAS P GARVIN PRESIDENT & CEO 450887 0 232621 0 15960 0 0 0 26754 0 726222 0 0 0 ROBERT L SUPPER SENIOR VP OF FINANCE & CFO 276210 0 122576 0 15383 0 0 0 22908 0 437077 0 0 0 MEREDITH FEHER SENIOR VP OF HEALTHCARE SVCS. 220722 0 91121 0 14009 0 0 0 26754 0 352606 0 0 0 PATRICIA RODGERS VP, DIR. OF OPS., WAVERLY CARE 196918 0 81350 0 1171 0 0 0 21079 0 300518 0 0 0 PART I, LINE 1A THE PRESIDENT AND CEO RECEIVED TAXABLE INCOME FOR SOCIAL CLUB DUES AND TRAVEL FOR HIS SPOUSE. PART I, LINE 7 THE BONUS/INCENTIVE PAYMENTS MADE BY THE ORGANIZATION ARE CONSIDERED NON-FIXED PAYMENTS BECAUSE THE DETERMINATION OF THE AMOUNT RECEIVED INVOLVES DISCRETION. BONUSES/INCENTIVES ARE CALCULATED AS A PERCENTAGE OF THE EMPLOYEE'S BASE SALARY. THIS PERCENTAGE IS NOT FIXED, BUT IT IS LIMITED TO A NARROW PRE-SET RANGE. THE BOARD HUMAN RESOURCES COMMITTEE TAKES INTO ACCOUNT MANY FACTORS IN DETERMINING IF A BONUS/INCENTIVE WILL BE PAID AND IF SO AT WHAT PERCENTAGE. THESE FACTORS INCLUDE BUT ARE NOT LIMITED TO: USE OF COMPARABILITY DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT, EMPLOYEE PERFORMANCE, FINANCIAL STATUS OF THE ORGANIZATION, ETC. THE BONUS/INCENTIVE IS NOT CONTINGENT ON NET EARNINGS OR REVENUE. BONUS/INCENTIVE PAYMENTS FOR ALL THOSE LISTED ON FORM 990, PART VII, SECTION A, LINE 1 ARE NOTED ON SCHEDULE J, PART II, COLUMN B(II). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE CFO AND CONTROLLER. THE AUDIT COMMITTEE PERFORMS A FINAL REVIEW WITH THE INDEPENDENT ACCOUNTING FIRM AND THEN A COPY IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C WAVERLY SENIOR SERVICES' CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY TO PROVIDE GUIDANCE TO GOVERNING BOARD MEMBERS. ALL NEW MEMBERS SIGN OFF ON THIS POLICY UPON APPOINTMENT TO THE BOARD. ANY POSSIBLE CONFLICT OF INTEREST ON THE PART OF THE GOVERNING BOARD MEMBERS IS REQUIRED TO BE TIMELY DISCLOSED UPON REALIZATION OF THE POTENTIAL CONFLICT TO THE OTHER MEMBERS OF THE BOARD AND MADE A MATTER OF RECORD WHEN THE CONFLICT BECOMES A MATTER OF BOARD ACTION. THE BOARD MAKES THE DECISION AS TO WHETHER A POTENTIAL CONFLICT IS AN ACTUAL CONFLICT. ANY GOVERNING BOARD MEMBERS HAVING A CONFLICT OF INTEREST SHALL NOT VOTE OR USE THEIR PERSONAL INFLUENCE ON THE MATTER, EVEN WHERE PERMITTED BY LAW. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE, ABSTENTION AND THE QUORUM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT & CEO, OTHER OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE EVALUATION & COMPENSATION COMMITTEE BASED ON THE RECOMMENDATIONS FROM AN INDEPENDENT CONSULTANT. THE CONSULTANT BASES THEIR INFORMATION ON SURVEY DATA FROM SIMILAR LIFE PLAN COMMUNITIES AND EXTERNAL DATA. ADDITIONALLY, ANY SIGNIFICANT ADJUSTMENTS FOR CHANGE AND ANNUAL ADJUSTMENTS ARE REVIEWED AND RECOMMENDED BY THE EXECUTIVE EVALUATION & COMPENSATION COMMITTEE TO THE BOARD OF TRUSTEES. THIS PROCESS WAS REVIEWED AND APPROVED IN 2024. THE DELIBERATION AND FINAL DECISION WERE DOCUMENTED IN THE BOARD AND COMMITTEE MINUTES WITH SPECIFIC DETAILS DOCUMENTED IN CONFIDENTIAL EMPLOYEE FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF EQUITY -227,167. CHANGE IN INTEREST IN NET ASSETS OF SUBSIDIARY 4,712,821. WAVERLY CARE 1400 WAVERLY ROAD GLADWYNE PA 19035 232655145 COMPANION SERVICES PA 501(C)(3) LINE 10 WAVERLY SENIOR SERVICES 1 WAVERLY HEIGHTS 1400 WAVERLY ROAD GLADWYNE PA 19035 232212842 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 WAVERLY SENIOR SERVICES 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 WAVERLY HEIGHTS L 1972694 BUDGETED COSTS PLUS 10% WAVERLY CARE L 984376 BUDGETED COSTS PLUS 10% WAVERLY HEIGHTS R 227167 COST