2024-08-15T09:07:18-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2022-10-01 580871510 CANTERBURY COURT INC CANT 4042616611 3750 PEACHTREE ROAD NE ATLANTA GA 30319 DEBI MCNEIL PRESIDENT & CEO 4042616611 2024-08-14 1 0 KATHERINE A WARLICK P02065266 7049985200 2024-08-13 2022 2024-08-08 14:25:15Z X DEBI MCNEIL 3750 PEACHTREE ROAD NE ATLANTA GA 30319 31847579 0 X WWW.CANTERBURYCOURT.ORG X 1962 GA TO PROVIDE AN ATTRACTIVE SENIOR RESIDENTIAL SETTING WITH QUALITY CONTINUING CARE SERVICES 18 18 201 18 0 0 1343426 984369 19446761 20426081 -2107925 676750 0 0 18682262 22087200 138289 224428 0 0 8890001 10348674 0 0 0 12908482 14800012 21936772 25373114 -3254510 -3285914 262844194 300283041 264299650 304226118 -1455456 -3943077 X REFER TO SCHEDULE OTHE MISSION OF CANTERBURY COURT IS TO PROVIDE AN ATTRACTIVE SENIOR RESIDENTIAL SETTING WITH QUALITY CONTINUING CARE SERVICES, WHILE BEING RESPONSIVE TO THE CHANGING NEEDS OF RESIDENTS. CANTERBURY COURT STRIVES TO ENCOURAGE INDEPENDENCE THROUGH STIMULATING PROGRAMS AND ACTIVITIES, PROVIDES DIGNITY THROUGH CARING, PROFESSIONAL ASSISTED LIVING AND NURSING SERVICES, AND ASSURES FINANCIAL SECURITY THROUGH RESPONSIBLE OPERATIONS, WHILE MANAGED AS A NOT-FOR-PROFIT CORPORATION. 0 0 20781091 224428 20378877 LIFE PLAN COMMUNITY (LPC)- PROVIDE SENIOR HOUSING OPPORTUNITIES FOR APPROXIMATELY 300 RESIDENTS. PROGRAM SERVICES INCLUDE SKILLED NURSING, DINING, HOUSEKEEPING, MAINTENANCE, TRANSPORTATION, EXERCISE, ACTIVITIES AND OTHER RESIDENT SERVICES. 20781091 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 16 0 201 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X MATT KURUMADA 4042616611 3750 PEACHTREE RD NE ATLANTA GA 30319 DAVID ALDRIDGE CHAIR 1.00 X X 0 0 0 BOB MILLER TREASURER 1.00 X X 0 0 0 MATT COLE ASST. TREASURER 1.00 X X 0 0 0 BETTY FEEZOR SECRETARY 1.00 X X 0 0 0 STEVE STEPHENS VICE CHAIR 1.00 X X 0 0 0 KEN STEWART VICE CHAIR 1.00 X X 0 0 0 SHELDON TAYLOR IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 LIZ CHADWICK TRUSTEE 1.00 X 0 0 0 BOBBY MAYS TRUSTEE 1.00 X 0 0 0 REID FREEMAN TRUSTEE 1.00 X 0 0 0 SHARON GAY TRUSTEE 1.00 X 0 0 0 MIKE NADAL TRUSTEE 1.00 X 0 0 0 LARRY LORD TRUSTEE 1.00 X 0 0 0 DEBORAH COX TRUSTEE 1.00 X 0 0 0 HAL DANIEL TRUSTEE 1.00 X 0 0 0 MARTHA SOLANO TRUSTEE 1.00 X 0 0 0 JOHNATHAN STANFORD TRUSTEE 1.00 X 0 0 0 VIRGIL BROWN TRUSTEE 1.00 X 0 0 0 DEBI MCNEIL PRESIDENT AND CEO 40.00 X 316019 0 38577 NOEL BARNES FORMER CFO (2/2023) 40.00 X 237417 0 13500 JULIE PARKER COO 40.00 X 218242 0 22632 LISA BRONSTEIN CHRO 40.00 X 179117 0 9512 MATT KURUMADA CFO (3/2023) 40.00 X 0 0 0 REGINE VINCENT DIRECTOR OF HEALTH SERVICES 40.00 X 160133 0 13514 NICOLE BURKE DIRECTOR OF MARKETING 40.00 X 124900 0 16413 LIZ WOLTZEN ADMINISTRATOR 40.00 X 107996 0 7910 ANDREW WILTZ DIRECTOR OF WELLNESS 40.00 X 106860 0 31228 JOHN JORDAN DIRECTOR OF FINANCE 40.00 X 106500 0 15455 1557184 0 168741 11 0 1 0 BRASFIELD & GORRIE 2999 CIRCLE 75 PKWY ATLANTA GA 30339 CONSTRUCTION 85580890 MACALLAN WORKS 1642 POWERS FERRY ROAD ATLANTA GA 30067 RENOVATIONS 2359049 MORRISON'S PO BOX 102289 ATLANTA GA 30368 FOOD & HOUSEKEEPING SERVICES 2141637 JONES LANG LASALLE AMERICAS 200 EAST RANDOLPH DRIVE CHICAGO IL 30338 PROJECT MANAGEMENT 974486 ONE DIVERSIFIED LLC 2975 NORTHWOODS PKWY NORCROSS GA 30071 LOW VOLTAGE 788988 29 984369 984369 FEES FOR SERVICES 623000 16433645 16433645 ENTRANCE FEES 623000 3615726 3615726 AUXILIARY SERVICES 623000 329506 329506 47204 47204 20426081 409861 409861 9881788 145480 9587262 173117 294526 -27637 266889 266889 22087200 20378877 0 723954 X 224428 224428 950794 740408 210386 8212155 6419501 1792654 178738 139721 39017 449049 351025 98024 557938 450730 107208 64375 64375 11851 11851 2601203 2576544 24659 728724 728724 465215 411765 53450 67247 51639 15608 1737955 871925 866030 19827 199 19628 772 593 179 2533409 2389914 143495 4529699 4215337 314362 523961 523961 FOOD COSTS 1145417 1145417 RESIDENT ENTERTAINMENT 97526 97526 RESIDENT MEDICAL COSTS 97435 97435 DUES/SUBSCRIPTIONS 80302 80302 95094 73023 22071 25373114 20781091 4592023 0 13766552 18453817 78738354 38905782 1603041 4472514 205528 107952 280904659 57344859 153109970 223559800 15420749 14783176 262844194 300283041 16204799 16121869 66909641 84497607 179892396 202512610 385031 0 907783 1094032 264299650 304226118 X -12948558 -13357877 11493102 9414800 -1455456 -3943077 262844194 300283041 X -3285914 1244721 -446428 X 0 1 X 1 0 X 95552 303566 3881823 1343426 537941 6162308 19277656 18681483 18458121 19446761 20426081 96290102 19373208 18985049 22339944 20790187 20964022 102452410 48600 100095 118535 267230 0 48600 100095 118535 267230 102185180 657888 616406 791868 1646 409861 2477669 657888 616406 791868 1646 409861 2477669 20031096 19601455 23131812 20791833 21373883 104930079 0.97380 0.97200 0.02360 0.02660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8547056 1417 1174784 447845 9275412 11098983 1923 -2191639 362211 8547056 9488280 1970618 359915 11098983 9462151 7000 403535 384406 9488280 9527820 18000 345898 429567 9462151 0.07478 0.53212 0.39310 0 0 21981494 21981494 246852229 50040084 196812145 456933 381879 75054 10066677 6650623 3416054 1547326 272273 1275053 223559800 OPERATING LEASES 65680 RESIDENT DEPOSITS 833733 CAPITAL LEASE OBLIGATIONS 194619 1094032 X 21171921 27637 27637 21144284 942916 942916 22087200 25373114 0 25373114 0 25373114 PART V, LINE 4: ALL ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT AND ENHANCE RESIDENTS OF THE ORGANIZATION. PART X, LINE 2: CANTERBURY COURT FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD ANY STATUS BE CHALLENGED IN THE FUTURE, CANTERBURY COURT IS OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF CANTERBURY. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR CANTERBURY COURT. CANTERBURY COURT FOLLOWS GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE HAS HAD NO IMPACT ON CANTERBURY'S CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF PROPERTY AND REQUIPMENT 27,637. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 516,566. RESTRICTED INVESTMENT INCOME (OTHER THAN UNREALIZED GAINS) 426,350. 1 BENEVOLENCE 6 224428 PART I, LINE 2: CANTERBURY COURT HAS A POLICY FOR DETERMINING ELIGIBILITY FOR FINANCIAL ASSISTANCE THROUGH DISTRIBUTION OF ENDOWMENT ASSETS, WHICH IS SUBJECT TO ANNUAL REVIEW AND A SPENDING POLICY BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. 1 X X X 1 0 0 0 0 0 0 0 0 DEBI MCNEIL PRESIDENT AND CEO 249238 0 65881 0 900 0 9586 0 28991 0 354596 0 0 0 NOEL BARNES FORMER CFO (2/2023) 214917 0 21600 0 900 0 13500 0 0 0 250917 0 0 0 JULIE PARKER COO 193792 0 23550 0 900 0 13500 0 9132 0 240874 0 0 0 LISA BRONSTEIN CHRO 154667 0 23550 0 900 0 9512 0 0 0 188629 0 0 0 REGINE VINCENT DIRECTOR OF HEALTH SERVICES 152433 0 7700 0 0 0 11407 0 2107 0 173647 0 0 0 PART I, LINE 4A IN MARCH, 2023, THE FORMER CFO LEFT HIS POSITION AS CFO OF THE ORGANIZATION. IN CALENDAR YEAR 2023, THE ORGANIZATION PAID HIM SEVERANCE PAYMENTS AND REPORTED THEM IN ITS CALENDAR YEAR 2023 PAYROLL TAX FILINGS. BECAUSE THE ORGANIZATION'S FISCAL YEAR ENDED SEPTEMBER 30, 2023, THE ORGANIZATION IS REPORTING CALENDAR YEAR 2022 COMPENSATION FOR FORM 990, PART VII AND SCHEDULE J. THEREFORE, THE AMOUNT OF SEVERANCE PAYMENTS PAID TO THE FORMER CFO IN CALENDAR YEAR 2023 WILL BE LISTED ON THE FORM 990 FOR SEPTEMBER 30, 2024. A RESIDENTIAL CARE FACILITIES FOR THE ELDERLY AUTHORITY OF FULTON COUNTY 521374290 360058FC0 2019-11-07 55061929 REFINANCE EXISTING DEBT AND FUND CERTAIN EXPANSION PROJECTS 0 0 0 B RESIDENTIAL CARE FACILITIES FOR THE ELDERLY AUTHORITY OF FULTON COUNTY 521374290 2021-10-01 113805000 SEE PART VI 0 0 0 C RESIDENTIAL CARE FACILITIES FOR THE ELDERLY AUTHORITY OF FULTON COUNTY 521374290 360058FS5 2021-10-01 11000000 SEE PART VI 0 0 0 A 6906929 55061929 3195000 1028930 17277982 33560017 2021 1 0 1 1 B 119033267 9966542 8035463 834451 88162841 12033970 0 0 0 1 C 10881750 537270 247500 10096980 0 0 1 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 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 PART I, ISSUES B AND C, COLUMN (F) THE PURPOSE OF THE BONDS LISTED IN ROWS B AND C ARE TO PROVIDE FUNDS TO (A) FINANCE IMPROVEMENTS TO AND EXPANSION OF THE CONTINUING CARE RETIREMENT COMMUNITY KNOWN AS THE CANTERBURY COURT, INCLUDING THE PURCHASE OF ADJOINING LAND, (B) FUND A DEBT SERVICE RESERVE FUND FOR THE SERIES 2021A BONDS AND SERIES 2021B BONDS, (C) FUND CAPITALIZED INTEREST, AND (D) PAY COSTS OF ISSUANCE OF THE SERIES 2021 BONDS. FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD COMPRISED OF THE CHAIRMAN, THE IMMEDIATE PAST CHAIRMAN, THE TREASURER AND SUCH OTHER MEMBERS AS SHALL BE APPOINTED BY THE BOARD. THE CHAIRMAN SHALL CHAIR THE MEETINGS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE FULL ADMINISTRATIVE AUTHORITY AND HAVE ALL THE POWERS AND DUTIES OF THE BOARD IN THE INTERIM BETWEEN MEETINGS OF THE LATTER, EXCEPT AS LIMITED BY THE BYLAWS OR BY SPECIFIC INSTRUCTIONS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION CHANGED ITS NAME FROM ALL SAINTS - ST. LUKE'S EPISCOPAL HOME FOR THE RETIRED, INC. TO CANTERBURY COURT, INC., EFFECTIVE SEPTEMBER 15, 2023. THE ORGANIZATION ALSO REVISED IT'S BYLAWS TO ALLOW A TRUSTEE SERVING AS AN OFFICER ON THE BOARD TO FINISH THEIR CURRENT TERM AFTER BECOMING A RESIDENT OF CANTERBURY COURT. BEFORE THE REVISION, ALL TRUSTEES WERE REQUIRED TO END THEIR TERM ON THE BOARD THE DAY THEY SIGNED THEIR RESIDENCY AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B BEFORE THE FORM 990 IS FILED, A PRELIMINARY COPY IS PROVIDED TO THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES FOR REVIEW. ALL ISSUES THAT ARISE FROM THIS REVIEW ARE ADDRESSED, AND ANY NECESSARY CHANGES ARE MADE. A FINAL COPY OF THE FORM 990 IS THEN RE-CIRCULATED WITH ANY ADDITIONAL INFORMATION DEEMED NECESSARY. THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS IS REQUIRED TO ANNUALLY SIGN A STATEMENT THAT THEY HAVE READ, UNDERSTAND AND HAS COMPLIED WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE REVIEWS AND DETERMINES THE PRESIDENT & CEO'S COMPENSATION BASED ON CONSULTANTS, MARKET DATA AND OTHER ANALYSIS. THE PRESIDENT & CEO RECOMMENDS SALARY AMOUNTS FOR ALL OTHER OFFICERS, DIRECTORS AND EMPLOYEES. THE FINANCE COMMITTEE REVIEWS AND APPROVES ALL COMPENSATION DURING THE ANNUAL BUDGETING PROCESS WHICH IS RATIFIED BY THE BOARD OF TRUSTEES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 2,576,544. MANAGEMENT AND GENERAL EXPENSES 24,659. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,601,203. FORM 990, PART XI, LINE 9: NET ASSETS RELEASED FROM RESTRICTIONS -446,428. ALL SAINTS' EPISCOPAL CHURCH 634 W PEACHTREE ST NW ATLANTA GA 30308 SPONSOR GA 501(C)(3) LINE 1 N/A 0 ST LUKE'S EPISCOPAL CHURCH 435 PEACHTREE ST NE ATLANTA GA 30308 SPONSOR GA 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0