2026-08-17T14:09:27+00:00 2025-09-30 440160260 FORVIS MAZARS LLP ONE OAK ST SUITE 300 ASHEVILLE NC 28801 990 2024-10-01 560614176 DEERFIELD EPISCOPAL RETIREMENT COMMUNITY INC DEER 8282741531 1617 HENDERSONVILLE ROAD ASHEVILLE NC 28803 ROBERT K CHANDLER CFO 8282741531 2026-08-17 true true AMY BIBBY P00445891 8282542254 2026-08-11 2024 2025-03-06 01:10:19Z ROBERT K CHANDLER 1617 HENDERSONVILLE ROAD ASHEVILLE NC 28803 55916326 false X WWW.DEERFIELDWNC.ORG X 1955 NC LIFETIME CARE IN A RELIGIOUS ATMOSPHERE. 15 15 491 120 0 333991 2177634 42110266 44114710 4216604 9098753 368220 518819 47029081 55909916 601460 148199 0 0 20035614 21933526 0 0 251204 21633642 22532878 42270716 44614603 4758365 11295313 268237933 294807288 160384058 173393774 107853875 121413514 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 39918851 148199 44114710 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, 2025 THE CHARGES FORGONE RELATED TO DEERFIELD'S BENEVOLENT ASSISTANCE PROGRAM WERE APPROXIMATELY $136,000. 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, 2025. DEERFIELD ALSO PROVIDES NUMEROUS COMMUNITY BENEFITS WHICH INCLUDE CHARITABLE DONATIONS AND DONATED VOLUNTEER SERVICES IN THE AMOUNTS OF $1,782,000 DURING THE YEAR ENDED SEPTEMBER 30, 2025. 39918851 true true false false false false false false false false true false false true true true false true false false false false false false false false false false true true true false false false false false false false false false false false false false false false true true true false false true 77 0 true 491 true false false false false false false false false false false false false X 15 15 false false false false false true false true true false false false true true true true true true true true false false X X ROBERT K CHANDLER 8282741531 1617 HENDERSONVILLE RD ASHEVILLE NC 28803 EUGENE CARR VICE CHAIR 2.0 2.0 X X 0 0 0 GLENN MAYES TREASURER 2.0 2.0 X X 0 0 0 REV TODD DONATELLI CHAIR 2.0 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 2.0 X 0 0 0 FRED KOON BOARD MEMBER 2.0 X 0 0 0 JULIE TODD BOARD MEMBER 2.0 X 0 0 0 KAREN KELLOW BOARD MEMBER 2.0 X 0 0 0 LORI MCCANN BOARD MEMBER 2.0 X 0 0 0 PAT PATTERSON BOARD MEMBER 2.0 X 0 0 0 ROBA WHITELEY 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 267020 0 21286 KEITH EINSMANN COO 40.0 X 236579 0 26676 LIBBY BUSH CEO 40.0 2.0 X 459251 0 50506 ROBERT CHANDLER CFO 40.0 2.0 X 318056 0 31179 MATT SHARPE EXECUTIVE DIRECTOR 40.0 X 199259 0 5978 BRIAN KING DIRECTOR OF HEALTH SERVICES 40.0 X 170844 0 25605 CINDY CLAMPETT DIRECTOR OF NURSING 40.0 X 159742 0 10635 KATE PHILLIPS DIRECTOR OF ACCOUNTING 40.0 X 153506 0 26549 KATHY FOSTER DIRECTOR OF MARKETING 40.0 X 139733 0 14827 TARYN TINDALL DIRECTOR OF WELLBEING 40.0 X 135079 0 14687 2239069 0 227928 14 false true false THW DESIGN 2100 RIVEREDGE PKWY ATLANTA GA 30328 ARCHITECTURE/DESIGN 980590 CORNERSTONE ELECTRICAL SERVICE 456 MOSES BRANCH RD BURNSVILLE NC 28714 ELECTRICAL 865534 MECHANICAL BUILDING SYSTEMS LLC PO BOX 765 ARDEN NC 28704 HVAC 750961 WILLIAM A STEWART SUPERIOR PAINTING PO BOX 17637 ASHEVILLE NC 28816 CONSTRUCTION 412381 JOHNSON CONTROLS FIRE PROTECTION PO BOX 7411447 CHICAGO IL 606741447 BUILDING TECHNOLOGY 390855 30 1726090 451544 2177634 ADDITIONAL RESIDENT SERVICES 900099 617560 617560 AMORTIZATION OF ENTRANCE FEES 623000 10865437 10865437 RESIDENT FEES 623000 32631713 32631713 0 0 0 0 44114710 3895328 3895328 0 0 5203425 5203425 0 5203425 5203425 6905 6410 495 495 HURRICANE HELENE INSURANCE PROCEEDS 900099 361188 361188 MISCELLANEOUS REVENUE 900099 157136 157136 0 0 0 0 518324 55909916 44114710 0 9617572 148199 148199 1480165 1018734 438468 22963 15908312 13617767 2146939 143606 221900 157757 60807 3336 3098474 2576296 490905 31273 1224675 1061759 150295 12621 83360 83360 106053 106053 3238052 3229218 0 8834 170417 165035 5382 2658251 1938007 698345 21899 101217 101217 3850220 3850220 82871 9872 72999 62524 29892 31342 1290 1393034 1393034 7285804 7285804 433374 433374 FOOD 2507235 2507235 MEDICAL SUPPLIES 399203 399203 EXPANSION COSTS 67308 67308 RESIDENT EVENTS 50654 50654 43301 43301 0 0 44614603 39918851 4444548 251204 550 10550 13687264 25315957 1903415 3599503 0 0 132694 133783 244408 258545 241602418 109443933 128889146 132158485 107300266 117477211 0 0 16080190 15853254 268237933 294807288 6991538 7716427 109085596 122658212 42444595 40339053 0 1862329 2680082 160384058 173393774 X 97825530 111465653 10028345 9947861 107853875 121413514 268237933 294807288 X 11295313 2436339 -199701 27688 X false true true false X 1430676 1522508 1650416 333991 2177634 7115225 36551095 36110794 39636610 42110266 44114710 198523475 9123 9385 8691 8022 6905 42126 0 0 37990894 37642687 41295717 42452279 46299249 205680826 151865 456430 527726 566007 343514 2045542 0 0 0 0 0 0 151865 456430 527726 566007 343514 2045542 203635284 1579830 1943476 2492431 3519143 3895328 13430208 0 1579830 1943476 2492431 3519143 3895328 13430208 0 308212 309896 328291 367798 518324 1832521 39878936 39896059 44116439 46339220 50712901 220943555 0.92166 0.92942 0.06 0.05 X SCHEDULE A, PART III, LINE 12 OTHER INCOME DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - 308212.0, COLUMN B - 309896.0, COLUMN C - 328291.0, COLUMN D - 367798.0, COLUMN E - 518324.0, COLUMN F - 1832521.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13966230 13966230 149378080 72904692 76473388 49198754 25575807 23622947 13757066 10963434 2793632 15302288 15302288 132158485 BOND ISSUANCE COSTS, NET 373454 INTEREST RECEIVABLE 177397 INVESTMENT IN FOUNDATION 13916533 DUE FROM RELATED PARTY 1385870 15853254 FEDERAL INCOME TAXES ADMISSION DEPOSITS 2680082 2680082 X 58346255 2436339 0 2436339 55909916 0 0 55909916 44814304 199701 0 199701 44614603 0 0 44614603 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, 2025 AND 2024. true BENEVOLENT ASSISTANCE - SHOWN AS CONTRA REVENUE ON PART VIII OF FORM 990 5 0 135623 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 374231 0 85020 0 0 0 33777 0 16729 0 509757 0 0 0 ROBERT CHANDLER CFO 253056 0 65000 0 0 0 9542 0 21637 0 349235 0 0 0 FAITH PERKINS CHRO 203250 0 52450 0 11320 0 0 0 21286 0 288306 0 0 0 KEITH EINSMANN COO 187146 0 38450 0 10983 0 4732 0 21944 0 263255 0 0 0 MATT SHARPE EXECUTIVE DIRECTOR 183385 0 6450 0 9424 0 5978 0 0 0 205237 0 0 0 BRIAN KING DIRECTOR OF HEALTH SERVICES 143378 0 19900 0 7566 0 5125 0 20480 0 196449 0 0 0 CINDY CLAMPETT DIRECTOR OF NURSING 124048 0 13150 0 22544 0 0 0 10635 0 170377 0 0 0 KATHY FOSTER DIRECTOR OF MARKETING 96813 0 42920 0 0 0 4192 0 10635 0 154560 0 0 0 KATE PHILLIPS DIRECTOR OF ACCOUNTING 136154 0 12195 0 5157 0 4605 0 21944 0 180055 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 2024, UNDER THE TERMS OF THE PLAN $0 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 SERIES B false false false B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65821DUZ2 2016-08-10 46440668 REFUND BONDS SERIES 2016 false false false A 23085000 0 24160660 0 0 0 284250 0 0 0 23875750 0 2014 true false false true B 3040000 0 45783663 0 0 0 657005 0 0 0 0 0 2008 true false false true A false false false false false false 0 0 0.0 false false 0 false false B false false false false false false 0 0 0.0 false false 0 false false A false false false false true false 0 false false false 0 false false false B false false false false true false 0 false false false 0 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. 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.CANDID.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 - 27688; TOTAL - 27688; DEERFIELD CHARITABLE FOUNDATION 1617 HENDERSONVILLE ROAD ASHEVILLE NC 28803 833913679 SUPPORT NC 501(C)(3) TYPE I DEERFIELD EPISCOPAL RETIREMENT COMMUNITY INC true false true false false false false false false false false false true false true true false false false false DEERFIELD CHARITABLE FOUNDATION B 179207 FMV