2024-03-15T11:41:08-05:00 2023-06-30 205367494 ALAN ROSS & COMPANY PC 10 HEARTHSTONE COURT SUITE 100 READING PA 19606 990 2022-07-01 222790840 THE HIGHLANDS AT WYOMISSING HIGH 6107752300 2000 CAMBRIDGE AVE WYOMISSING PA 19610 RICK MELCHER CFO 6107752300 2024-01-30 1 RICK MELCHER XXX-XX-XXXX 0 ALAN D ROSS CPA P00072435 6107799555 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICK MELCHER 2000 CAMBRIDGE AVENUE WYOMISSING PA 19610 43762565 0 X WWW.THEHIGHLANDS.ORG X 1989 PA THE HIGHLANDS AT WYOMISSING IS A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY SERVING OLDER ADULTS AND CONTRIBUTING TO THE BERKS COUNTY COMMUNITY. 11 8 575 75 0 0 216432 314270 33160075 34803747 3699472 2713766 1142123 1395148 38218102 39226931 0 0 0 0 14591352 14943003 0 0 89200 20443608 22040516 35034960 36983519 3183142 2243412 185646037 197443766 129530968 135376428 56115069 62067338 X THE MISSION OF THE HIGHLANDS AT WYOMISSING IS TO ENRICH THE LIVES OF SENIOR ADULTS THROUGH SPONSORSHIP OF A HIGH-QUALITY, NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY. OUR COMMUNITY SETS THE STANDARD OF EXCELLENCE IN RETIREMENT LIVING BY PROVIDING EXCEPTIONAL QUALITY OF LIFE, SECURITY AND VALUE. 0 0 16447711 22280919 THE HIGHLANDS AT WYOMISSING OPERATES 302 RESIDENTIAL LIVING FACILITY THAT PROVIDES HOUSING, SOCIAL SERVICE SUPPORT, SOCIAL ACTIVITIES, AND HEALTH AND WELLNESS ACTIVITIES TO OUR RESIDENTS. DURING FY 2023, THE HIGHLANDS AT WYOMISSING PROVIDED SERVICES TO 418 RESIDENTS FOR A TOTAL OF 135,880 RESIDENT DAYS. 6009778 4633910 THE HIGHLANDS AT WYOMISSING OPERATES 63 BED PERSONAL CARE AND MEMORY SUPPORT FACILITY THAT PROVIDES HOUSING, SUPERVISED DAILY ACTIVITIES, AND MODERATE MEDICAL CARE TO OUR RESIDENTS. DURING FY 2023, THE HIGHLANDS AT WYOMISSING PROVIDED SERVICES TO 97 RESIDENTS FOR A TOTAL OF 21,679 RESIDENT DAYS. 8670393 7888918 THE HIGHLANDS AT WYOMISSING OPERATES AN 80 BED SKILLED NURSING CARE FACILITY THAT PROVIDES HOUSING, SKILLED NURSING CARE, POST ACUTE CARE, AND SOCIAL ACTIVITIES TO OUR RESIDENTS. DURING FY 2023, THE HIGHLANDS AT WYOMISSING PROVIDED SERVICES TO 381 RESIDENTS FOR A TOTAL OF 20,942 RESIDENT DAYS. 324122 PROVIDE RECREATIONAL ACTIVITIES FOR ELDERLY RESIDENTS 324122 31452004 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 31 0 1 575 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RICK MELCHER 6107752300 2000 CAMBRIDGE AVENUE WYOMISSING PA 19610 KEVIN P DEACOSTA PRESIDENT/CEO 40.00 X X 251141 0 62544 BARBARA J KLINE DIRECTOR 1.00 X 0 0 0 JUNE T MAIER DIRECTOR 1.00 X 0 0 0 MICHAEL J ROWLEY CPA TREASURER 1.00 X X 0 0 0 DANIEL J WINKLER DIRECTOR 1.00 X 0 0 0 DAVID L GEORGE MD DIRECTOR 1.00 X 0 0 0 GEOFFREY EDDOWES CHAIRMAN 1.00 X X 0 0 0 FAITH L OTT DIRECTOR 1.00 X 0 0 0 BRUCE G SMITH VICE CHAIRMAN 1.00 X X 0 0 0 PETER J CONNERS CFA DIRECTOR 1.00 X 0 0 0 KEITH MOONEY ESQ DIRECTOR 1.00 X 0 0 0 DANIEL B KIMBALL SECRETARY 1.00 X X 0 0 0 DANIEL B HANEMAN DIRECTOR 1.00 X 0 0 0 JAMES SPENCER CPA DIRECTOR 1.00 X 0 0 0 KRISTEN SANTANGELO NURSING HEALTH CARE ADMINI 40.00 X 163127 0 40419 CURTIS EVANS COO 40.00 X 257416 0 62635 CAMERON MARTIN VP DEVELOPMENT & MARKETING 40.00 X 184043 0 45971 LORENA LAZARCHICK DIRECTOR OF COMMUNITY LIFE 40.00 X 104266 0 26086 HOLLY MOYLAN PERSONAL CARE ADMINISTRATO 40.00 X 92434 0 23925 BLAKE DAUB VP OF HUMAN RESOURCES 40.00 X 136434 0 35111 RICK MELCHER CFO 40.00 X 104525 0 26204 JARED MARTZ DIRECTOR OF COMMUNITY LIFE 40.00 X 0 0 0 ANITA MARTIN PERSONAL CARE ADMINISTRATO 40.00 X 0 0 0 1293386 0 322895 7 0 1 0 CCS BUILDING GROUP 100 WILLOW VALLEY LAKES DRIVE WILLOW STREET PA 17584 CONSTRUCTION SERVICES 5146530 HEALTHPRO HERITAGE PO BOX 69268 BALTIMORE MD 21264 THERAPY SERVICES 929843 NOLT MATHIS 313 WEST LIBERTY ST STE 132 LANCASTER PA 17603 CONSTRUCTION SERVICES 909279 RLPS ARCHITECTS 250 VALLEYBROOK DR LANCASTER PA 17601 ARCHITECTURAL & DESIGN SERVICES 640482 CULINESSE 250 WYANDOTTE ST BETHLEHEM PA 18015 MANAGEMENT SERVICES 504445 19 21216 293054 314270 RESIDENTIAL FEES 623000 22280919 22280919 SKILLED NURSING 623000 7888918 7888918 PERSONAL CARE 623000 4633910 4633910 34803747 1485032 1485032 5764368 4535634 1228734 1228734 1228734 HOMECARE 623000 840076 840076 TELECOMMUNICATIONS 623000 326550 326550 DINING 623000 46500 46500 182022 182022 1395148 39226931 34803747 0 4108914 X 855727 604586 251141 11253588 9066516 2146843 40229 345506 261309 82841 1356 1616212 1070765 543240 2207 871970 709709 159804 2457 170784 170784 89054 89054 4197916 2649878 1548038 32347 32347 3152048 3133917 18131 11328 2022 9306 7577 5327 2250 3570379 3549842 20537 6745969 6707165 38804 349361 347351 2010 SUPPLIES 2358795 2262344 96451 EQUIPMENT RENTAL & MAIN 495935 414278 81657 NURSING EXPENSE - OTHER 184145 184145 OUTSIDE GROUNDS MAINTEN 169900 169900 504978 312950 149077 42951 36983519 31452004 5442315 89200 2203975 3229563 2371654 1859220 186875 215245 849821 1497036 204698286 83860186 114181931 120838100 58149525 63791367 7521819 5558209 180437 455026 185646037 197443766 5982227 6922908 752309 1196339 82327330 84747672 40469102 42509509 129530968 135376428 X 55941065 61715793 174004 351545 56115069 62067338 185646037 197443766 X 2243412 3343779 365078 X 0 1 X 1 0 X 93567 1675994 2832775 216432 314270 5133038 29645694 29897122 29013706 33160075 34803747 156520344 1413438 1232282 1031136 1142123 1395148 6214127 31152699 32805398 32877617 34518630 36513165 167867509 0 0 0 167867509 1076208 2194302 1771998 820077 1485032 7347617 1076208 2194302 1771998 820077 1485032 7347617 32228907 34999700 34649615 35338707 37998197 175215126 0.95810 0.95690 0.04190 0.04310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11697742 42418 1095668 281709 52329 12501790 13829639 21757 -1895397 199712 58545 11697742 11376733 24070 2873085 388870 55379 13829639 10659103 544985 507857 286217 48995 11376733 10251501 36173 603832 186135 46268 10659103 0 0 5000000 5000000 187194476 76481597 110712879 12503810 7378589 5125221 120838100 DEFERRED REVENUE 39771529 PROSPECTIVE RESIDENT DEPOSITS 570300 SECURITY & RESTORATION DEPOSITS 28500 GIFT ANNUITIES PAYABLE 195167 EMPLOYER RETENTION TAX CREDIT LIABILITY 1674207 INTEREST SWAP LIABILITY 269806 42509509 X 42935788 3343779 365078 3708857 39226931 0 39226931 36983519 0 36983519 0 36983519 PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED TO PRESERVE, INCREASE, DISTRIBUTE AND UTILIZE THE ASSETS OF THE ENDOWMENT FUND FOR THE BENEFIT OF THE RESIDENTS AND COMMUNITY OF THE HIGHLANDS IN ACCORDANCE WITH THE DETERMINATIONS OF THE BOARD. TO DATE, THE FUND HAS BEEN UTILIZED TO PROVIDE FINANCIAL ASSISTANCE TO RESIDENTS WHO THROUGH NO FAULT OF THEIR OWN DEMONSTRATE AN INABILITY TO PAY THE MONTHLY SERVICE FEE AND OTHER CHARGES RELATED TO THEIR RESIDENCY. PART X, LINE 2: THE HIGHLANDS EVALUATES UNCERTAIN TAX POSITONS USING A TWO-STEP APPROACH FOR RECOGNIZING AND MEASURING TAX BENEFITS TAKEN OR EXPECTED TO BE TAKEN IN AN UNREALTED BUSINESS ACTIVITY TAX RETURN, AND DISCLOSURES REGARDING UNCERTAINIES IN TAX POSITIONS. THE HIGHLANDS DETERMINED THAT IT WAS NOT REQUIRED TO FILE ANY UNRELATED BUSINESS INCOME TAX RETURN AND NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THIS EVALUATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 94,650. GAIN ON EXTINGUISHMENT OF DEBT 270,428. X X 0 0 0 0 0 0 0 0 0 CURTIS EVANS COO 257416 0 0 0 0 0 4955 0 57680 0 320051 0 0 0 KEVIN P DEACOSTA PRESIDENT/CEO 251141 0 0 0 0 0 6068 0 56476 0 313685 0 0 0 CAMERON MARTIN VP DEVELOPMENT & MARKETING 184043 0 0 0 0 0 4146 0 41825 0 230014 0 0 0 KRISTEN SANTANGELO NURSING HEALTH CARE ADMINI 163127 0 0 0 0 0 3935 0 36484 0 203546 0 0 0 BLAKE DAUB VP OF HUMAN RESOURCES 136434 0 0 0 0 0 3165 0 31946 0 171545 0 0 0 A BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 237418629 08452RAD8 2017-09-29 26895713 FINANCE A PORTION OF INDEBTEDNESS, FUND DEBT SERVICE RESERVE & PAY COSTS 0 0 0 B BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 237418629 08452RAK2 2017-12-20 18709964 FUND DESIGN & CONSTRUCTION OF FACILITIES ACQUISITION & INSTALLATION OF EQUIP 0 0 0 C NATIONAL FINANCE AUTHORITY 521304598 000000000 2022-12-21 45830000 FUND CONSTRUCTION OF FACILITIES ACQUISITION, REFINANING LOAN & COSTS OF NOTE 0 0 0 A 26895713 1969000 534610 12402844 11989259 2018 1 0 1 1 B 18709964 1377029 332935 17000000 2020 0 0 1 1 C 45830000 496234 6166072 6511121 32656573 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 A 1 B 1 BARBARA J KLINE RESIDENT BOARD MEMBER 75660 PD MONTHLY RESIDENT FEES 0 BARLEY SNYDER LLP BOARD MEMBER IS PARTNER LAW FIRM 152359 LEGAL SERVICES FEES 0 SAGE AGE STRATEGIES INC BOARD MEMBER IS FOUNDER/CEO OF CORPORATION 235528 CONSULTING SERVICES 0 DANIEL KIMBALL MD RESIDENT BOARD MEMBER 92733 PD MONTHLY RESIDENT FEES 0 CCI CONSULTING BOARD MEMBER IS VP OF SALES 24019 CONSULTING SERVICES 0 SILVERBLOOM CONSULTING LLC BOARD MEMBER IS FOUNDER/PRESIDENT OF CORPORATION 5350 CONSULTING SERVICES 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: ANNUAL COMMUNITY BENEFIT REPORT DIRECT RESIDENT CARE UNCOMPENSATED BENEVOLENT CARE $ 148,974 BAD DEBT $ 3,667 COMMUNITY IMPROVEMENT SERVICES REAL ESTATE TAXES $1,810,932 FINANCIAL AND IN-KIND DONATIONS $ 204,749 PATIENT CARE COMMUNITY SERVICES $ 7,742 COMMUNITY HEALTH EDUCATION $ 42,396 RESIDENT VOLUNTEER CONTRIBUTIONS $ 1,587 COMMUNITY BENEFIT TOTAL FISCAL YEAR 2022 - 2023 $2,220,047 FORM 990, PART VI, SECTION A, LINE 7A INDIVIDUALS ARE ELECTED AND APPOINTED TO THE GOVERNING BODY OF THE HIGHLANDS AT WYOMISSING BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED PRIOR TO FILING BY THE CFO AND STAFF. THE FORM 990 IS REVIEWED BY BOTH THE AUDIT AND RISK COMMITTEE OF THE BOARD OF DIRECTORS AND THE FULL BOARD OF DIRECTORS AND IS APPROVED BY THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, MEMBERS OF A COMMITTEE AND EXECUTIVE TEAM ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THERE ARE ALSO PERIODIC REVIEWS PERFORMED TO VERIFY ADHERENCE TO THE CONFLICT OF INTEREST POLICY. IF THE REVIEWER FINDS AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST IT SHALL TAKE APPROPRIATE CORRECTIVE AND/OR DISCIPLINARY ACTION. TRAINING PROVIDED ANNUALLY FOR ALL EMPLOYEES ON CORPORATE COMPLIANCE WHICH INCLUDES CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THERE IS AN EXECUTIVE COMPENSATION STUDY DONE BY AN INDEPENDENT THIRD PARTY. THE PERFORMANCE REVIEW COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION AND PERFORMANCE OF ALL KEY MEMBERS OF MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G TEMPORARY RESOURCES: PROGRAM SERVICE EXPENSES 661,174. MANAGEMENT AND GENERAL EXPENSES 81,195. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 742,369. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,943,510. MANAGEMENT AND GENERAL EXPENSES 1,227,866. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,171,376. MISCELLANEOUS PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 45,194. MANAGEMENT AND GENERAL EXPENSES 238,977. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 284,171. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 94,650. GAIN ON EXTINGUISHMENT OF DEBT 270,428.