2025-01-27T13:52:52+00:00 2024-04-30 440160260 Forvis Mazars LLP 2700 Post Oak Blvd Ste 1500 Houston TX 77056 990 2023-05-01 720428013 The Glen Retirement System GLEN 3187983500 403 E Flourney Lucas Rd Shreveport LA 71115 Debra Williams President & CEO 3187983500 2025-01-27 false Amanda Maya P01067777 7134994600 2025-03-15 2023 2025-03-06 01:10:19Z DEBRA WILLIAMS 403 E Flourney Lucas Rd Shreveport LA 71115 22077769 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. 11 11 279 88 0 0 176137 2148484 15410246 17364849 1276952 473839 188403 172184 17051738 20159356 0 0 9045537 9933464 0 0 11287161 12020753 20332698 21954217 -3280960 -1794861 58579370 56532043 47982450 47498845 10596920 9033198 X THE MISSION OF THE GLEN RETIRMENT 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 10087590 8852913 SKILLED NURSING FACILITY LICENSED FOR 126 BEDS, MEDICARE AND MEDICAID CERTIFIED. DESIGNED WITH 5 HOUSEHOLD TO PROVIDE A NURTURING ENVIRONMENT. THE COVID-19 PANDEMIC AND RELATED STAFFING SHORTAGE RESULTED IN A NEGATIVE IMPACT ON OCCUPANCY DUE TO THE COVID-19 PANDEMIC AND RELATED STAFFING SHORTAGE AND THE NUMBER OF ACTIVE BEDS WAS REDUCED TO 89 IN FY 2022. DURING THE FY 2024, WE REFURBISHED AND REOPENED 21 BEDS ENDING THE YEAR WITH A TOTAL OF 110 ACTIVE BEDS. WE ARE STILL IN RECOVERY. FOR FISCAL YEAR ENDING 4/30/24, WE MAINTAINED AN AVERAGE OCCUPANCY OF 64% OF THE TOTAL LICENSED BEDS WITH A PAYOR MIX OF 43% PRIVATE PAY, 41% MEDICAID AND 16% MEDICARE PROVIDING 29,532 PATIENT DAYS. 3347037 3560517 NEW CONSTRUCTION OF REDBROOK STARTED IN DECEMBER 2019, 60 INDEPENDENT LIVING UNITS, COMPLETED AND AVAILABLE TO LEASE IN OCTOBER 2021 FOLLOWING A 5 MONTH CONSTRUCTION DELAY DUE. OCCUPANCY OF 90%, 54 UNITS RENTED AT FYE 4/30/24. 3249515 3235845 INDEPENDENT LIVING / ASSISTED LIVING RENTAL UNITS FOR THOSE 62 OR OLDER TO LIVE COMFORTABLY WITH THE OPTION TO ADD SERVICES AS CARE LEVEL CHANGES. THE COVID-19 PANDEMIC HAD A NEGATIVE IMPACT ON OCCUPANCY. RISING COSTS OF HEALTHCARE WORKERS HAS INCREASED EXPENSES AT A HIGHER RATE THAN REVENUE. WE ARE STILL IN RECOVERY. FOR FISCAL YEAR ENDING 4/30/24, WE MAINTAINED 100 APARTMENTS WITH AN AVERAGE OCCUPANCY OF 83% PROVIDING 30,266 DAYS OF CARE IN FISCAL YEAR ENDING 4/30/24. 2257713 1820181 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 92% PROVIDING 10,057 DAYS OF CARE IN FISCAL YEAR ENDING 04/30/24. 2257713 1820181 18941855 true true 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 279 true false false false false false false false false false false false false X 11 11 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 BARBARA TERRY TREASURER 2.0 0.0 X X 0 0 0 MARISSA HILL SECRETARY 2.0 0.0 X X 0 0 0 MARLA SIMMONS CHAIR OF THE BOARD 2.0 0.0 X X 0 0 0 MARTI WESTMORELAND FIRST VICE CHAIR 2.0 0.0 X X 0 0 0 MIKE WHITTENBARGER SECOND VICE CHAIR 2.0 0.0 X X 0 0 0 ALLISON WASHINGTON DIRECTOR 2.0 0.0 X 0 0 0 CHERYL MCGOWEN DIRECTOR 2.0 0.0 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 JOANN WILLAMS DIRECTOR 2.0 0.0 X 0 0 0 SANDRA MCCALLA DIRECTOR 2.0 0.0 X 0 0 0 DEBRA WILLIAMS PRESIDENT & CEO 40.0 0.0 X 174341 0 667 Dee Burns Controller 40.0 0.0 X 70256 0 6860 MARIE DAVIS (Thru 101223) CHIEF FINANCIAL OFFICER 40.0 0.0 X 131714 0 4396 MICHELLE GREER ADMINISTATOR 40.0 0.0 X 142454 0 658 NATASHA SUDARTO DIRECTOR OF NURSING 40.0 0.0 X 127414 0 632 646179 0 13213 4 false true false SUMMIT HEALTH & REHAB PO BOX 69268 BALTIMORE MD 212649268 REHAB - THERAPY 593964 ALPHA NURSING 820 JORDON ST SHREVEPORT LA 71101 CONTRACT NURSING 338610 FORVIS LLP PO BOX 200870 DALLAS TX 75320 ACCOUNTING SERVICES 223936 BOBBY SUMNER CONSULTING LLC 734 JAMES DRIVE CHARLESTON SC 29412 CONSULTING SERVICES 214180 JDRO LLC 2535 DESIREE MESHELL RD SHREVEPORT LA 71115 LAWN SERVICES 192251 5 2032289 116195 2148484 RESIDENT REVENUE 623000 17364849 17364849 0 0 0 0 17364849 313731 313731 67577 67577 0 67577 67577 2073149 1913041 160108 0 160108 160108 6643 5372 1271 1271 MISCELLANEOUS REVENUE 623000 55461 55461 RESIDENT HOUSEKEEPING REVENUE 623000 34112 34112 RESIDENT MEAL REVENUE 623000 13763 13763 0 0 0 0 103336 20159356 17469456 0 541416 311118 266721 44397 8285335 7109343 1175992 46182 27199 18983 646466 524356 122110 644363 553548 90815 24000 24000 8575 8575 138161 138161 1411627 822406 589221 0 161044 50042 111002 323827 195237 128590 1238408 1178088 60320 38341 36888 1453 30837 16205 14632 2284347 2284229 118 2395796 2300565 95231 238317 223554 14763 DIETARY EXPENSES 1246656 1246656 MEDICAL SUPPLIES 857994 857994 MAINTENANCE & REPAIRS 714366 453509 260857 PROVIDER FEES 356082 356082 552375 439233 113142 0 21954217 18941855 3012362 0 1894829 619944 145000 600000 0 860784 3063414 0 0 0 0 27559 38197 257823 313470 72491611 28184040 45883299 44307571 8536183 6650035 0 0 973893 939412 58579370 56532043 1643596 1760537 45575596 44985566 0 0 763258 752742 47982450 47498845 10596920 9033198 10596920 9033198 58579370 56532043 -1794861 231139 0 X false true X true false X 112588 77378 100602 176137 2148484 2615189 14863493 14097439 13883204 15473610 17474828 75792574 0 0 0 14976081 14174817 13983806 15649747 19623312 78407763 7916 5475 7905 1690 3291 26277 2431677 2366857 2101941 1841275 1809535 10551285 2439593 2372332 2109846 1842965 1812826 10577562 67830201 249650 231483 262196 347881 381308 1472518 0 249650 231483 262196 347881 381308 1472518 0 211504 1976931 271537 0 0 2459972 15437235 16383231 14517539 15997628 20004620 82340253 0.8238 0.8037 0.02 0.0173 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - PROVIDER RELIEF FUNDS, COLUMN A - 211504.0, COLUMN B - 1976931.0, COLUMN C - 271537.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 2459972.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2107504 2107504 63155525 23574746 39580779 6707651 4609294 2098357 520931 520931 44307571 Interest Payable 752742 752742 20390495 231139 0 231139 20159356 0 0 20159356 21954217 0 0 21954217 0 0 21954217 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. THE GLEN FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. 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 159341 0 15000 0 0 0 0 0 667 0 175008 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments 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 GOV'T ENVIR FACILITIE 721416168 54628DAL4 2019-12-04 44685000 TO RETIRE EXISTING DEBT, UPDATE EXISTING FACILITY, AND CONSTRUCT 60 NEW INDEPENDENT LIVING UNITS. false false false A 9161258 45918756 2658500 2417144 904104 31819690 123060 2021 true true false true A false false false false 0.0 false false true A false true false false false false false false true A true Schedule K, Part II, Line 3 COLUMN A TOTAL PROCEEDS OF ISSUE EXCEEDS THE ISSUE PRICE DUE TO THE ORIGINAL ISSUE PREMIUM ON THE BOND. Form 990, Part III, Line 4d Description of other program services (Expenses $ 2,257,713 including grants of $)(Revenue $ 1,820,181) 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 92% PROVIDING 10,057 DAYS OF CARE IN FISCAL YEAR ENDING 04/30/24. Form 990, Part VI, Line 1a Delegate broad authority to a committee THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD, FIRST VICE-CHAIR, SECOND VICE-CHAIR, SECRETARY AND TREASURER. THE EXECUTVE 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, Line 11b Review of form 990 by governing body THE ORGANIZATION ENGAGES AN OUTSIDE ACCOUNTING FIRM TO PREPARE FORM 990. ONCE PREPARED, THE GOVERNING BOARD REVIEWS PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD AND OFFICERS PERFORM A PERIODIC REVIEW OF PROCEDURES IN ORDER TO ENFORCE COMPLIANCE WITH THE ORGANIZATION'S POLICIES. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE ORGANIZATION USES INDUSTRY DATA (CCRC SALARY AND BENEFITS REPORT, AND ROBERT HALF) AND DATA FROM LDOL TO DETERMINE SALARIES. THE EXECUTIVE COMMITTE REVIEWS THE CEO'S SALARY ON AN ANNUAL BASIS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.