2025-09-25T14:05:28+00:00 2024-09-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-10-01 560614176 Deerfield Episcopal Retirement Community Inc DEER 8282741531 1617 Hendersonville Road Asheville NC 28803 Robert K Chandler CFO 8282741531 2025-09-25 true true Amy Bibby P00445891 8282542254 2025-09-25 2023 2025-03-06 01:10:19Z Robert K Chandler 1617 Hendersonville Road Asheville NC 28803 47036681 false X WWW.DEERFIELDWNC.ORG X 1955 NC Lifetime care in a religious atmosphere 15 14 453 120 0 0 1650416 333991 39636610 42110266 4028920 4216604 329841 368220 45645787 47029081 1030844 601460 0 0 17900441 20035614 0 0 185698 21957507 21633642 40888792 42270716 4756995 4758365 252466839 268237933 161003740 160384058 91463099 107853875 Deerfield is faith-based, nonprofit, open to all, and provides a continuum of services to empower residents to live life to the fullest. We enrich the lives of those who live and work at Deerfield and commit to be a leader in the field of aging services. false false 37672301 601460 42110266 DEERFIELD EPISCOPAL RETIREMENT COMMUNITY, INC. ("DEERFIELD"), A NORTH CAROLINA NONPROFIT CORPORATION, WAS ORGANIZED FOR THE PURPOSE OF OPERATING A CONTINUING CARE RETIREMENT COMMUNITY. DEERFIELD IS GOVERNED BY A BOARD OF DIRECTORS, WHICH IS COMPOSED OF INDEPENDENT CIVIC LEADERS WHO SERVE WITHOUT COMPENSATION. REV. RUL. 72-124, 1972-1 C.B. 145, SETS OUT REQUIREMENTS THAT "HOMES FOR THE AGED" MUST MEET TO QUALIFY FOR SECTION 501(C)(3) EXEMPTION. THE INTERNAL REVENUE SERVICE PROVIDED THE FOLLOWING REQUIREMENTS: (1) SATISFACTION OF THE NEED FOR HOUSING THROUGH THE PROVISION OF EMOTIONAL, RECREATIONAL, SOCIAL, RELIGIOUS, AND SIMILAR NEEDS OF AGED PERSONS; (2) SATISFACTION OF THE NEED FOR HEALTH CARE THROUGH PROVISION OF PHYSICAL AND MENTAL HEALTH SERVICES DIRECTLY OR THROUGH CONTINUING ARRANGEMENTS WITH OUTSIDE ORGANIZATIONS; AND (3) SATISFACTION OF THE NEED FOR FINANCIAL SECURITY THROUGH MAINTAINING IN RESIDENCE ANY PERSONS WHO BECOME UNABLE TO PAY THEIR REGULAR CHARGE AND THROUGH PROVIDING SERVICES AT THE LOWEST FEASIBLE COST. DEERFIELD SATISFIES ALL THREE REQUIREMENTS. IN CONJUNCTION WITH ITS COMMITMENT TO MAINTAINING PERSONS IN RESIDENCE WHO BECOME UNABLE TO PAY, DEERFIELD HAS ESTABLISHED A BENEVOLENT ASSISTANCE FUND, WHICH IS USED FOR THE EXCLUSIVE PURPOSE OF PROVIDING ASSISTANCE TO RESIDENTS IN NEED. SUCH RESIDENTS ARE IDENTIFIED BASED ON FINANCIAL INFORMATION OBTAINED FROM THE RESIDENT AND SUBSEQUENT REVIEW AND ANALYSIS. DURING THE YEAR ENDED SEPTEMBER 30, 2024 THE CHARGES FORGONE RELATED TO DEERFIELD'S BENEVOLENT ASSISTANCE PROGRAM WERE APPROXIMATELY $155,000. EXCEPT FOR SOME PRE-EXISTING FEE-FOR-SERVICE CONTRACTS, DEERFIELD OPERATES UNDER THE "LIFE CARE" CONCEPT WHEREBY RESIDENTS ENTER INTO AN AGREEMENT WITH THE ORGANIZATION THAT SPECIFIES THE SERVICES AND FACILITIES TO BE PROVIDED TO THE RESIDENT OVER HIS OR HER REMAINING LIFE. THE AGREEMENT REQUIRES PAYMENT OF A ONE-TIME ENTRANCE FEE AND DEERFIELD'S MONTHLY SERVICE FEES. UNDER THE AGREEMENT, DEERFIELD HAS THE ABILITY TO INCREASE FEES AS DEEMED NECESSARY. IN FURTHERANCE OF ITS CHARITABLE PURPOSE, DEERFIELD PROVIDES MEETING AND OFFICE SPACE FOR THREE NON-PROFIT ORGANIZATIONS ON ITS GROUNDS. THE ANNUAL RENTAL INCOME FOREGONE IS VALUED AT AN ESTIMATED $333,000 DURING THE YEAR ENDED SEPTEMBER 30, 2024 DEERFIELD ALSO PROVIDES NUMEROUS COMMUNITY BENEFITS WHICH INCLUDE CHARITABLE DONATIONS AND DONATED VOLUNTEER SERVICES IN THE AMOUNTS OF $1,630,000 DURING THE YEAR ENDED SEPTEMBER 30, 2024 37672301 true true false false false false false false false true false false true true true false true false false false false false false false false false true true true true false false false false false false false false false true false false false false false true true true false false true 83 0 true 453 true false false false false false false false false false false false false X 15 14 false false false false false true false true true false false true true true true true true true true false X X ROBERT K CHANDLER 8282741531 1617 HENDERSONVILLE RD Asheville NC 28803 Eugene Carr Chair 2.0 X X 0 0 0 Glenn Mayes Treasurer 2.0 X X 0 0 0 Rev Todd Donatelli Vice Chair 2.0 X X 0 0 0 Robert Kieffer Secretary 2.0 X X 0 0 0 Bill Clontz Board Member 2.0 X 0 0 0 Brenda Nash Board Member 2.0 X 0 0 0 Chris Dismukes Board Member 2.0 X 0 0 0 Fred Koon Board Member 2.0 X 0 0 0 John Fleming Board Member 2.0 X 0 0 0 Karen Kellow Board Member 2.0 X 0 0 0 Laurel Radley Board Member 2.0 X 0 0 0 Lori McCann Board Member 2.0 X 0 0 0 Roba Whiteley Board Member 2.0 X 0 0 0 Suzanne Dawkins Board Member 2.0 X 0 0 0 The Rt Rev Jose McLoughlin Board Member 2.0 X 0 0 0 Tom Owens Board Member 2.0 X 0 0 0 Faith Perkins CHRO 40.0 X 235218 0 7387 Keith Einsmann Chief Facilities Officer 40.0 X 179122 0 30696 Libby Bush CEO 40.0 X 423911 0 47859 Matt Sharpe COO 40.0 X 243646 0 7093 Robert Chandler CFO 40.0 X 317184 0 143873 Brian King Director of Health Services 40.0 X 162680 0 31200 Cindy Clampett Director of Nursing 40.0 X 149821 0 11603 Kate Phillips Director of Accounting 40.0 X 143289 0 31413 Kathy Foster Director of Marketing 40.0 X 132431 0 15576 Taryn Tindall Director of Wellbeing 40.0 X 123992 0 15323 2111294 0 342023 10 false true false Mechanical Building Systems LLC PO Box 765 Arden NC 28704 HVAC 832775 Cornerstone Electrical Service 456 Moses Branch Rd Burnsville NC 28714 Electrical 812061 THW Design 2100 RiverEdge Pkwy Atlanta GA 30328 Architecture/Design 558879 Johnson Controls Fire Protection Dept CH10320 Palatine IL 60055 Building Technology 456502 Jimmy White Builders 5 Mill Race Lane Swannanoa NC 28778 Contractor 387572 24 21477 312514 333991 Resident Fees 623000 30956703 30956703 Amortization of Entrance Fees 623000 10554256 10554256 Additional Resident Services 900099 599307 599307 0 0 0 0 42110266 3519143 3519143 0 0 697461 697461 0 697461 697461 8022 7600 422 422 Miscellaneous Revenue 900099 367798 367798 0 0 0 0 367798 47029081 42110266 0 4584824 434140 434140 167320 167320 1399082 711209 666677 21196 14849847 12957051 1810008 82788 195446 133410 59010 3026 2449150 2056842 380249 12059 1142089 995035 139548 7506 241420 241420 120219 120219 3130550 3039894 65000 25656 157586 150890 6696 2415149 1699806 695358 19985 189991 189991 3516732 3516732 56251 12307 42058 1886 96662 49482 42280 4900 1462209 1462209 6976061 6976061 359696 359696 Food 2535359 2535359 Medical Supplies 330050 330050 Resident Events 45707 45707 Emergency Disaster 0 0 0 0 42270716 37672301 4412717 185698 550 550 12255886 13687264 1557309 1903415 0 0 0 175485 132694 294850 244408 231937824 103048678 130109081 128889146 91971738 107300266 0 0 16101940 16080190 252466839 268237933 6988856 6991538 106318066 109085596 45823744 42444595 0 1873074 1862329 161003740 160384058 X 81739193 97825530 9723906 10028345 91463099 107853875 252466839 268237933 X 4758365 11444932 187479 X false true X true false X 1072732 1430676 1522508 1650416 333991 6010323 37495865 36551095 36110794 39636610 42110266 191904630 8156 9123 9385 8691 8022 43377 0 0 38576753 37990894 37642687 41295717 42452279 197958330 139646 151865 456430 527726 566007 1841674 0 0 0 0 0 0 139646 151865 456430 527726 566007 1841674 196116656 1889086 1579830 1943476 2492431 3519143 11423966 0 1889086 1579830 1943476 2492431 3519143 11423966 0 313319 308212 309896 328291 367798 1627516 40779158 39878936 39896059 44116439 46339220 211009812 0.9294 0.9358 0.05 0.048 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - 313319.0, COLUMN B - 308212.0, COLUMN C - 309896.0, COLUMN D - 328291.0, COLUMN E - 367798.0, COLUMN F - 1627516.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13966230 13966230 149378080 69187642 80190438 46582082 23226781 23355301 13154379 10634255 2520124 8857053 8857053 128889146 Bond Issuance Costs, Net 404361 Interest Receivable 194220 Investment in Foundation 13916533 Due from Related Party 1565076 16080190 Admission Deposits 1862329 1862329 X 58474013 11444932 0 11444932 47029081 0 0 47029081 42270716 0 0 42270716 0 0 42270716 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Deerfield is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. Deerfield has determined that it does not have any material unrecognized tax benefits or obligations as of September 30, 2024 and 2023. true ABCCM 20 Twentieth Street Asheville NC 28806 560945001 501(c)(3) 25400 Operational Support Asheville Humane Society 14 Forever Friend Lane Asheville NC 28806 561444098 501(c)(3) 6250 Operational Support Beloved Asheville 32 Old Charlotte Highway Asheville NC 28803 843381632 501(c)(3) 6000 Operational Support Episcopal Relief & Development 815 Second Avenue New York NY 10017 731635264 501(c)(3) 7000 Operational Support Flat Rock Playhouse PO Box 310 Flat Rock NC 28731 560571518 501(c)(3) 5720 Operational Support Habitat for Humanity 30 Meadow Road Asheville NC 28803 561363464 501(c)(3) 14825 Operational Support Haywood Street Congregation 297 Haywood Street Asheville NC 28801 455301549 501(c)(3) 6900 Operational Support HelpMate PO Box 2263 Asheville NC 28802 561276293 501(c)(3) 7600 Operational Support Homeward Bound PO Box 1166 Asheville NC 28802 561568917 501(c)(3) 12000 Operational Support Manna Food Bank 627 Swannanoa River Road Asheville NC 28805 581514800 501(c)(3) 18335 Operational Support Meals on Wheels 146 Victoria Road Asheville NC 28801 561115597 501(c)(3) 5850 Operational Support MountainTrue Inc 29 N Market Street Asheville NC 28801 561422691 501(c)(3) 12220 Operational Support Pisgah Legal Services PO Box 2276 Asheville NC 28802 561191115 501(c)(3) 12910 Operational Support Salvation Army 204 Haywood Street Asheville NC 28801 580660607 501(c)(3) 7300 Operational Support Samaritan's Purse PO Box 3000 Boone NC 28607 581437002 501(c)(3) 9050 Operational Support St Jude's Childrens Hospital 262 Danny Thomas Place Memphis TN 38105 620646012 501(c)(3) 5790 Operational Support Western Carolina Rescue Ministry 225 Patton Avenue Asheville NC 28802 561249407 501(c)(3) 5250 Operational Support 17 0 Benevolent Assistance - Shown as Contra Revenue on Part VIII of Form 990 10 0 154744 Cost of Providing Services Services provided to residents free of charge Scholarships 7 12576 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE ORGANIZATION MAINTAINS A SCHOLARSHIP PROGRAM, APPLICANTS MUST MEET THE PROGRAM CRITERIA PRIOR TO RECEIVING A SCHOLARSHIP. THE ORGANIZATION ALSO MAINTAINS A BENEVOLENT ASSISTANCE PROGRAM TO ASSIST RESIDENTS IN FINANCIAL NEED. X X X false true false false false false false false false Libby Bush CEO 338846 0 85065 0 0 0 23040 0 24819 0 471770 0 0 0 Robert Chandler CFO 243323 0 67815 0 6046 0 116759 0 27114 0 461057 0 0 0 Matt Sharpe COO 202431 0 17815 0 23400 0 7093 0 0 0 250739 0 0 0 Faith Perkins CHRO 168750 0 27128 0 39340 0 0 0 7387 0 242605 0 0 0 Keith Einsmann Chief Facilities Officer 156007 0 19815 0 3300 0 3582 0 27114 0 209818 0 0 0 Brian King Director of Health Services 138216 0 19140 0 5324 0 4880 0 26320 0 193880 0 0 0 Kate Phillips Director of Accounting 128834 0 14455 0 0 0 4299 0 27114 0 174702 0 0 0 Cindy Clampett Director of Nursing 119582 0 11915 0 18324 0 0 0 11603 0 161424 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Robert Chandler, CFO and Libby Bush, CEO participate in a supplemental non-qualified retirement plan. The Board includes the amount in their annual compensation review and approval process. During calendar year 2023, under the terms of the plan $107,286 was accrued for Robert Chandler, CFO and 20,000 was accrued for Libby Bush, CEO. A North Carolina Medical Care Commission 521309402 2014-08-05 24160000 REFUND BONDS ISSUED SERIES 2004A, SERIES 1997, SERIES 2008A, AND SERIESB false false false B North Carolina Medical Care Commission 521309402 65821DUZ2 2016-08-10 46440668 REFUND BONDS SERIES 2016 false false false A 21740000 0 24160660 0 0 0 284250 0 0 0 23875750 0 2014 true false false true B 2550000 0 45783663 0 0 0 657005 0 0 0 0 0 2008 true false false true A false false false false 0.0 false false false B false false false false 0.0 false false false A false false false false true false false false false B false false false false true false false false false A false B false Schedule K, Part II, Line 11 Amounts presented on Line 11 were used to currently refund prior issues. Des1gn Owned by Board Member 52153 Marketing design services false McGuire Wood & Bissette Employs Board Member 42637 Legal Services false Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF DIRECTORS IS ELECTED BY THE EXECUTIVE COUNCIL OF THE EPISCOPAL DIOCESE OF WESTERN NORTH CAROLINA FROM PERSONS NOMINATED BY THE ORGANIZATION'S BOARD OF DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE ORGANIZATION PROVIDED A COPY OF THE 990 TO EACH BOARD MEMBER FOR PERSONAL REVIEW PRIOR TO FILING THE RETURN. THE FINANCE COMMITTEE HELD A MEETING TO FORMALLY REVIEW AND APPROVE THE 990. Form 990, Part VI, Line 12c Conflict of interest policy THE COMPLIANCE OFFICER ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY AND THAT IT IS BEING FOLLOWED. BOARD MEMBERS ARE RESPONSIBLE FOR BRINGING ANY POTENTIAL CONFLICT OF INTEREST TO ATTENTION AND REMOVING THEMSELVES FROM SITUATIONS WHERE THERE MAY BE A POTENTIAL CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE CHAIRMAN OF THE BOARD AND THE EXECUTIVE COMMITTEE PERFORM AN ANNUAL REVIEW OF THE CEO AND OTHER MANAGEMENT OFFICIALS' COMPENSATION FOR REASONABLENESS BY COMPARING COMPENSATION TO AMOUNTS FOUND ON 990S OF SIMILAR ORGANIZATIONS AND COMPENSATION STUDIES. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE CHAIRMAN OF THE BOARD AND THE EXECUTIVE COMMITTEE PERFORM AN ANNUAL REVIEW OF THE CEO AND OTHER MANAGEMENT OFFICIALS' COMPENSATION FOR REASONABLENESS BY COMPARING COMPENSATION TO AMOUNTS FOUND ON 990S OF SIMILAR ORGANIZATIONS AND COMPENSATION STUDIES. Form 990, Part VI, Line 18 How forms are made available to the public THE ORGANZIATION'S 990 ARE MADE AVAILABLE UPON REQUEST. ALSO, RECENT FILINGS OF THE FORM 990 ARE MADE AVAILABLE AT WWW.GUIDESTAR.ORG. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Other Change in Donor Restricted Net Assets - 187479; Deerfield Charitable Foundation 1617 Hendersonville Road Asheville NC 28803 833913679 Support NC 501(c)(3) Type I Deerfield Episcopal Retirement Community Inc true false false true false false false false false false false false true false true true false false false false DEERFIELD CHARITABLE FOUNDATION C 21477 FMV