2024-10-15T09:49:18-05:00 2023-12-31 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2023-01-01 232324586 BEAUMONT RETIREMENT SERVICES INC BEAU 6105267000 601 NORTH ITHAN AVENUE BRYN MAWR PA 19010 SUSAN KENDRA VP OF FINANCE/CFO 6105267000 2024-10-08 1 0 HELEN M MARTIN P01330899 2158818800 2023 2024-10-15 13:58:12Z SUSAN KENDRA 601 NORTH ITHAN AVENUE BRYN MAWR PA 19010 52012117 0 X WWW.BEAUMONTRETIREMENT.COM X 1984 PA BEAUMONT AT BRYN MAWR WAS CONCEIVED AND DEVELOPED AS A NON-PROFIT (CONTINUED ON SCHEDULE O) ORGANIZATION TO MEET THE NEED FOR A VIBRANT, QUALITY RETIREMENT COMMUNITY. OUR VISION IS TO FULFILL THE SOCIAL, RECREATIONAL AND HEALTH NEEDS OF ACTIVE ADULTS AGE 60 AND OLDER. TO THIS END, BEAUMONT OFFERS A MEANINGFUL AND ENGAGED LIFESTYLE IN A FRIENDLY ATMOSPHERE; INDEPENDENCE AND PRIVACY THROUGH OUR COOPERATIVE OWNERSHIP STRUCTURE; EXCELLENT HEALTHCARE FACILITIES AND SECURITY; A STRONG, STABLE AND SECURE FINANCIAL STRUCTURE; AND A SPIRIT OF MUTUAL CONCERN AND RESPECT AMONG RESIDENTS AND STAFF IN ORDER TO PERPETUATE OUR 5-STAR QUALITY OF LIFE. 10 9 0 11 0 0 773435 2393234 22814058 48701321 302730 812597 0 0 23890223 51907152 0 0 0 0 13581903 14581612 0 0 0 6970790 7923762 20552693 22505374 3337530 29401778 46820543 31525466 26789391 7678858 20031152 23846608 X BEAUMONT AT BRYN MAWR WAS CONCEIVED AND DEVELOPED AS A NON-PROFIT ORGANIZATION TO MEET THE NEED FOR A VIBRANT, QUALITY RETIREMENT COMMUNITY. OUR VISION IS TO FULFILL THE SOCIAL, RECREATIONAL AND HEALTH NEEDS OF ACTIVE ADULTS AGE 60 AND OLDER. (CONT'D ON SCHEDULE O) TO THIS END, BEAUMONT OFFERS A MEANINGFUL AND ENGAGED LIFESTYLE IN A FRIENDLY ATMOSPHERE; INDEPENDENCE AND PRIVACY THROUGH OUR COOPERATIVE OWNERSHIP STRUCTURE; EXCELLENT HEALTHCARE FACILITIES AND SECURITY; A STRONG, STABLE AND SECURE FINANCIAL STRUCTURE; AND A SPIRIT OF MUTUAL CONCERN AND RESPECT AMONG RESIDENTS AND STAFF IN ORDER TO PERPETUATE OUR 5-STAR QUALITY OF LIFE. 0 0 18930643 48701321 PROVIDING MEDICAL AND NON-MEDICAL SERVICES TO THE ELDERLY RESIDENTS OF BEAUMONT; INCLUDING THE TEMPORARY OR PERMANENT OCCUPANCY IN THE HEALTH CARE CENTER AND PERSONAL CARE FACILITY AND TO OPERATE THE PROJECT FOR THE CO-OP. 18930643 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 100 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X SUSAN KENDRA VP OF FINANCECFO 6105267000 601 NORTH ITHAN AVENUE BRYN MAWR PA 19010 FRANK SLATTERY CHAIRMAN 1.50 X X 0 0 0 MARTHA H MORRIS VICE-CHAIR 1.50 X X 0 0 0 JOSEPH PEDUZZI SECRETARY, PRESIDENT 40.00 X X 483712 0 28427 MARGARET BALAMUTH DIRECTOR 1.50 X 0 0 0 BARBARA BENSON DIRECTOR 1.50 X 0 0 0 RICHARD LANGE DIRECTOR (THRU 4/2023) 1.50 X 0 0 0 META NEILSON DIRECTOR 1.50 X 0 0 0 SUSAN RAVENSCROFT DIRECTOR (THRU 4/2023) 1.50 X 0 0 0 MARVIN STEINBERG DIRECTOR 1.50 X 0 0 0 BRANDON TROMBETTA DIRECTOR 1.50 X 0 0 0 BRADFORD KLING DIRECTOR (EFF 5/2023) 1.50 X 0 0 0 THORNE SPARKMAN DIRECTOR (EFF 5/2023) 1.50 X 0 0 0 SUSAN KENDRA BOARD ASST TREAS/CFO/SR VP OF FINANCE 40.00 X 292256 0 21916 WESLEY KUEHNLE VP OPERATIONS 40.00 X 167854 0 11458 CHRISTY LANE VP HEALTH SERVICES 40.00 X 151083 0 26432 MARY HUFF DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 150610 0 6940 NATASHA IVEY RN SUPERVISOR 40.00 X 141892 0 22801 ZACHARY MARGOLIS DIRECTOR OF FOOD AND BEVERAGE 40.00 X 139896 0 24476 MARJORIE HARDING DIRECTOR OF 40.00 X 131515 0 18045 AUDREY WALSH DIRECTOR OF 40.00 X 132284 0 34254 1791102 0 194749 18 0 1 0 WARFEL CONSTRUCTION COMPANY 1110 ENTERPRISE RD EAST PETERSBURG PA 17520 CONSTRUCTION CONTRACTORS 5622751 JL ROOFING & SIDING INC 1966 PIONEER ROAD HUNTINDON VALLEY PA 19006 ROOFING CONTRACTOR 1863665 BENCHMARK TECHNOLOGIES PO BOX 870 403 6TH STREET HUNTINGDON PA 166520870 THERAPY PROVIDER 423837 INDUSTRIAL MECHANICAL CONTRACTORS INC 240 TANNER AVE HATBORO PA 19040 HVAC CONTRACTOR 312968 ARTICUS LTD PO BOX 63831 PHILADELPHIA PA 191476383 MARKETING CONSULTING 251721 12 2250000 143234 2393234 BUSINESS ENVELOPE ASSESSMENT 623990 23134936 23134936 SERVICE CHARGES 623990 13085347 13085347 RESIDENT BILLINGS 623990 6372475 6372475 CARE FACILITY 623990 4047669 4047669 PERSONAL CARE FACILITY 623990 923319 923319 1137575 1137575 48701321 814455 814455 103107 104965 -1858 -1858 -1858 51907152 48701321 0 812597 1156728 314351 842377 10873878 9999955 873923 383882 343706 40176 1259185 1185537 73648 907939 774909 133030 32460 32460 299741 299741 194115 194115 134936 134936 301157 301157 360528 72105 288423 PURCHASED SERVICES 2794128 2337779 456349 FOOD COSTS 1436861 1436861 MISCELLANEOUS 1101180 609901 491279 PROGRAM SUPPLIES 734255 705671 28584 534401 519660 14741 22505374 18930643 3574731 0 181 181 16566635 18364991 547608 2295567 65260 65357 533148 604455 7315432 5457695 22205392 1857737 4256061 5017669 2628567 3312211 17691 7298 46820543 31525466 3845886 3058778 2250000 4583691 20693505 36389 26789391 7678858 X 18073033 21969657 1958119 1876951 20031152 23846608 46820543 31525466 X 29401778 1039508 -26625830 X X 0 1 X 1 0 X 139695 582578 545249 773435 143234 2184191 21430678 20880637 21955827 22814058 48701321 135782521 21570373 21463215 22501076 23587493 48844555 137966712 21275 18550 76533 36240 27920 180518 0 21275 18550 76533 36240 27920 180518 137786194 279204 198063 169724 258894 814455 1720340 279204 198063 169724 258894 814455 1720340 21849577 21661278 22670800 23846387 49659010 139687052 0.98640 0.98770 0.01230 0.01080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 15549326 30464905 1774549 24289 30446103 17318388 15296982 6464146 -1116047 27648 5068107 15549326 14440739 4548719 939393 30400 4601469 15296982 12453956 5108210 1113276 1863 4232840 14440739 12055524 5366957 1804323 17199 6755649 12453956 0.95694 0.02895 0.01411 0 0 4027945 2439144 1588801 2152103 2152103 0 922965 866448 56517 212419 212419 1857737 VANGUARD TOTAL STOCK MARKET FUND 3312211 F 3312211 BUILDING ENVELOPE DEFERRED REVENUE 36389 36389 X 50696660 1039508 1039508 49657152 2250000 2250000 51907152 22069281 0 22069281 436093 436093 22505374 PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR EMPLOYEE SCHOLARSHIPS, BENEFITS AND TRAINING AND CAPITAL EXPENDITURES FOR THE HEALTH CENTER, PERSONAL CARE AND COMMONS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED SERVICES AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"), AS AN ORGANIZATION, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(C) OF THE CODE, AND AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE TAX POSITIONS TAKEN BY SERVICES, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: PPP LOAN FORGIVENESS 2,250,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION 301,157. CAPITAL FUND INTEREST EXPENSE 134,936. X X X X X 0 0 0 0 0 0 0 0 0 JOSEPH PEDUZZI SECRETARY, PRESIDENT 375652 0 72000 0 36060 0 16500 0 11927 0 512139 0 0 0 SUSAN KENDRA BOARD ASST TREAS/CFO/SR VP OF FINANC 248094 0 33218 0 10944 0 12339 0 9577 0 314172 0 0 0 WESLEY KUEHNLE VP OPERATIONS 162826 0 4890 0 138 0 1881 0 9577 0 179312 0 0 0 CHRISTY LANE VP HEALTH SERVICES 141483 0 0 0 9600 0 635 0 25797 0 177515 0 0 0 AUDREY WALSH DIRECTOR OF 125551 0 6337 0 396 0 6970 0 27284 0 166538 0 0 0 NATASHA IVEY RN SUPERVISOR 141804 0 0 0 88 0 5100 0 17701 0 164693 0 0 0 ZACHARY MARGOLIS DIRECTOR OF FOOD AND BEVERAGE 134173 0 5675 0 48 0 6625 0 17851 0 164372 0 0 0 MARY HUFF DIRECTOR OF INFORMATION TECHNOLOGY 143673 0 6541 0 396 0 6940 0 0 0 157550 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION WORKS IN CONJUNCTION WITH THE ORGANIZATION'S INDEPENDENT CPA'S TO COMPLETE A DRAFT OF THE FORM 990. THE DRAFT IS REVIEWED BY THE VP OF FINANCE AND CHIEF FINANCIAL OFFICER. A SECOND DRAFT OF THE FORM 990 IS THEN SENT TO THE FINANCE COMMITTEE FOR REVIEW. IF THE FINANCE COMMITTEE HAS CHANGES, THE VP OF FINANCE AND CHIEF FINANCIAL OFFICER DISCUSSES THEM WITH THE CPA'S AND THE CHANGES ARE INCORPORATED INTO THE RETURN, IF APPROPRIATE. IF THE FINANCE COMMITTEE ACCEPTS THE DRAFT VERSION, IT IS THEN RECOMMENDED TO THE BRSI BOARD (GOVERNING BODY) FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND MANAGERS ARE REQUIRED TO PROVIDE DETAILS ANNUALLY OF CONFLICTS OF INTEREST. IF THERE ARE NONE, THEY ARE REQUIRED TO SIGN OFF ANNUALLY AS SUCH. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S COMPENSATION COMMITTEE MEETS ANNUALLY AND REVIEWS LOCAL AND REGIONAL SALARY AND BENEFIT SURVEYS ALONG WITH THE CURRENT SALARY AND BENEFIT PACKAGES OF THE OFFICERS. AFTER ALL OF THE DATA IS ANALYZED, THE COMPENSATION COMMITTEE APPROVES OFFICERS' SALARY INCREASES AND BENEFIT PACKAGES FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S TAX RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT ITS ADMINISTRATIVE OFFICE UPON REQUEST. IN ADDITION, THE COPIES OF THE GOVERNING DOCUMENTS ARE GIVEN TO NEW MEMBERS IN ADVANCE OF THEIR ADMISSION. FORM 990, PART XI, LINE 9: CAPITAL FUND PURCHASES -26,625,830. FORM 990, PART XII, LINE 2C: THE BOARD DESIGNATED THE FINANCE COMMITTEE AS THE AUDIT COMMITTEE FOR THE PURPOSE OF SELECTING THE INDEPENDENT AUDITOR AND REVIEWING THE AUDIT OF ITS FINANCIAL STATEMENTS. THE FINANCE COMMITTEE, AFTER ITS REVIEW, RECOMMENDS THE AUDITED FINANCIAL STATEMENTS TO THE BOARD FOR APPROVAL. BEAUMONT RETIREMENT COMMUNITY INC 601 N ITHAN AVENUE BRYN MAWR PA 19010 232324587 LEASES REAL ESTATE - RELATED THROUGH COMMON MANAGEMENT PA N/A C 0 BEAUMONT MANAGEMENT SERVICES INC 601 N ITHAN AVENUE BRYN MAWR PA 19010 233093514 INACTIVE PA N/A C 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 BEAUMONT RETIREMENT COMMUNITY INC K 11 CASH BEAUMONT RETIREMENT COMMUNITY INC S 26625830 COST OF CAP FUND EXPENDITURES