2024-09-30T13:52:40-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 231379512 DUNWOODY VILLAGE DUNW 6103594400 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 JOHN DUBYK CHIEF FINANCIAL OFFICER 6103594400 2024-09-23 1 0 DANIELLE NIHILL P01350943 7819821001 2024-09-22 2023 2024-10-15 13:58:12Z MAUREEN CASEY 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 43175515 0 X WWW.DUNWOODY.ORG X 1974 PA CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN NEWTOWN SQUARE, PENNSYLVANIA 14 13 590 107 11571 10571 19941 334972 38624370 41365286 751196 1010534 68830 96893 39464337 42807685 1165113 622720 0 0 22069647 24242293 0 0 0 16580514 18096534 39815274 42961547 -350937 -153862 152617504 160693406 116729407 116357613 35888097 44335793 THE MISSION OF DUNWOODY VILLAGE IS TO PROVIDE A WELCOMING AND ENGAGING COMMUNITY THAT EXCELS IN OFFERING A COMPREHENSIVE APPROACH TO HEALTH AND WELLNESS, A SENSE OF BELONGING, AND THE HIGHEST QUALITY OF LIFE FOR ALL. 0 0 35086489 410215 41028777 SENIOR LIVING - DUNWOODY VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES CARE FOR RESIDENTIAL LIVING, PERSONAL CARE AND SKILLED NURSING AND MEDICAL CARE TO ITS ELDERLY RESIDENTS/PATIENTS. DUNWOODY CONTINUES TO PROVIDE AIDE TO RESIDENTS BY SUBSIDIZING THOSE THAT EXPERIENCE FINANCIAL HARDSHIP. THIS AIDE IS FUNDED FROM BOTH ENDOWMENT FUNDS AND THE OPERATING BUDGET OF DUNWOODY. 371029 212505 324938 FINANCIAL SUPPORT - A NUMBER OF RESIDENTS ARE SUBSIDIZED THROUGH A TRUST FUND AND DONATIONS. THIS FUND PROVIDES RESIDENTIAL SERVICES AND AMENITIES AS WELL AS HEALTHCARE SERVICES TO AGE-QUALIFIED INDIVIDUALS. 35457518 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 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 1 0 0 0 1 18 0 590 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X JOHN DUBYK 6103594454 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 MAUREEN CASEY PRESIDENT AND CEO 37.50 1.50 X X 381970 0 46579 BRANDON JOLLY DIRECTOR OF HEALTH SERVICE 37.50 0.00 X 166685 0 37317 ELAINE KAISER DIRECTOR OF MARKETING 37.50 0.00 X 160513 0 19359 CURT SAYERS DIRECTOR OF HUMAN RESOURCE 37.50 0.00 X 147022 0 22434 SUSAN BANKERT DIRECTOR OF NURSING 37.50 0.00 X 147620 0 15729 EDWIGHT CIVIL NURSING SUPERVISOR 40.00 0.00 X 131417 0 14825 LEONARD DACHINO CONTROLLER (LEFT MAY 2023) 37.50 1.50 X 77153 0 11968 BERT DALBY CHAIRMAN OF THE BOARD 3.00 0.00 X X 0 0 0 EDWARD CHIOSSO CHAIRMAN OF THE BOARD (LEFT APR 2023) 3.00 0.00 X X 0 0 0 ERIN L HAAS TREASURER 2.00 0.00 X X 0 0 0 ANNE MORSE SECRETARY 2.00 0.00 X X 0 0 0 STEPHANIE STRID-DAVIS TRUSTEE 2.00 0.00 X 0 0 0 THEODORE BREDIKIN TRUSTEE 2.00 0.00 X 0 0 0 RICHARD GREENE TRUSTEE (LEFT APRIL 2023) 2.00 0.00 X 0 0 0 STEPHEN YOUNG TRUSTEE 2.00 0.00 X 0 0 0 DR DAVID JONES TRUSTEE 2.00 0.00 X 0 0 0 CONNIE CARINO TRUSTEE 2.00 0.00 X 0 0 0 ROBERT EDMISTON TRUSTEE 2.00 0.00 X 0 0 0 CHARLES LADNER TRUSTEE EMERITUS (NON-VOTING) 2.00 0.00 X 0 0 0 PATRICK BURKE TRUSTEE 2.00 0.00 X 0 0 0 NANCY BLOOMFIELD TRUSTEE 2.00 0.00 X 0 0 0 GARTH HOYT TRUSTEE 2.00 0.00 X 0 0 0 LINLEY GRANDISON TRUSTEE 2.00 0.00 X 0 0 0 1212380 0 168211 28 0 1 0 RUMFORD & RUMFORD INC 400 WEST STATE STREET MEDIA PA 19063 BUILDING CONTRACTOR 2817517 WARFEL CONSTRUCTION 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 BUILDING CONTRACTOR 1925453 POWERBACK REHABILITATION PO BOX 821322 PHILADELPHIA PA 19182 THERAPY CONTRACTOR 1016723 INDUSTRIAL MECHANICAL CONTRACTORS INC 240 TANNER AVENUE HATBORO PA 19040 ELEVATOR MECHANICAL SERVICES 284684 GENERAL HEALTHCARE RESOURCES INC PO BOX 825973 PHILADELPHIA PA 19182 STAFFING AGENCY 260344 19 334972 334972 RESIDENT CARE FEES 623000 23760623 23760623 MEDICAL CARE FEES 623000 10952037 10952037 AMORT. OF DEFERRED ENTRY FEES 623000 6090840 6090840 RESIDENT SERVICE FEE 623000 479647 479647 SOCIAL ENGAGEMENT FOOD/BEVERAGE 722515 32145 32145 49994 38423 11571 41365286 774476 774476 96893 0 96893 96893 96893 603888 367830 236058 236058 236058 42807685 41353715 11571 1107427 622720 622720 517670 517670 19558834 18531032 1027802 654089 603529 50560 2314591 1488494 826097 1197109 1104957 92152 110968 110968 83850 83850 14244 14244 2406471 1893016 513455 395662 386985 8677 662514 447442 215072 374585 26603 347982 5302586 4002648 1299938 1254572 1254572 5779498 5184268 595230 551831 6071 545760 MEDICAL SUPPLIES 465542 465542 REPAIRS/MAINTENANACE 380897 380897 BAD DEBT 70000 70000 COVID-19 52039 52039 191275 191275 42961547 35457518 7504029 0 7782740 8815699 7290846 7290846 2957204 4049483 56128 55182 937440 946444 172067019 75556327 97899017 96510692 28479470 30769795 507266 589805 6707393 11665460 152617504 160693406 7218940 5945590 49391094 51602286 59069987 57412337 1049386 1397400 116729407 116357613 X 31675796 39088691 4212301 5247102 35888097 44335793 152617504 160693406 X -153862 3643491 4958067 X 0 1 X 1 0 X 115962 1263825 4009889 19941 334972 5744589 37147810 35977024 37157062 38624370 41365286 190271552 37263772 37240849 41166951 38644311 41700258 196016141 303063 357372 364136 416982 445133 1886686 0 303063 357372 364136 416982 445133 1886686 194129455 799126 656702 747110 665571 871369 3739878 799126 656702 747110 665571 871369 3739878 38062898 37897551 41914061 39309882 42571627 199756019 0.97180 0.97450 0.01870 0.01810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25062390 165350 4373176 -223340 0 -68901 29308675 30711757 11630 -5077899 523891 3470 55737 25062390 27463767 138950 3550470 391126 6967 43337 30711757 23272507 6350 4537316 310302 5842 36262 27463767 19386854 67115 4149040 296921 6151 27430 23272507 0.80200 0.03950 0.15850 0 0 164544557 71211183 93333374 6894098 3889945 3004153 628364 455199 173165 96510692 INTEREST RATE SWAP 6260530 INVESTMENT IN SUBSIDIARIES 5404930 11665460 REFUNDABLE DEPOSITS FROM PROSPECTIVE RESIDENTS 1397400 1397400 X PART V, LINE 4: ENDOWMENT FUNDS INCLUDE BOARD DESIGNATED OR QUASI-ENDOWMENT FUNDS, MEDICAL RESERVE FUND, RESIDENT'S ENDOWMENT FUND, RESIDENT'S RESERVE FUND, HEALTHCARE FUND, MEMORIAL GARDEN FUND AND TRUST FUND. THE MEDICAL RESERVE AND RESIDENT'S ENDOWMENT FUNDS PROVIDE FUNDS TO HELP SUPPORT THE CARE OF CERTAIN RESIDENTS WHO ARE UNABLE TO PAY THEIR MONTHLY FEE. THE HEALTHCARE FUND IS A SPECIFIC PURPOSE FUND TO SUPPORT NEW PROGRAMS TO IMPROVE THE CARE AND QUALITY OF LIFE FOR CARE CENTER RESIDENTS. THE MEMORIAL GARDEN FUND IS A SPECIFIC-PURPOSE FUND USED FOR THE MAINTENANCE OF A GARDEN DEDICATED TO THE MEMORY OF PAST RESIDENTS. THE TRUST FUND IS A PERMANENTLY RESTRICTED FUND, INCOME AND GAINS EARNED BY THE TRUST ARE UNRESTRICTED AND AVAILABLE FOR USE AS DESIGNATED BY THE BOARD OF TRUSTEES. PART X, LINE 2: DUNWOODY VILLAGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. DUNWOODY FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON DUNWOODY'S CONSOLIDATED FINANCIAL STATEMENTS. 1 DUNWOODY TRUST 3 258740 RESIDENT RESERVE 6 212505 CHARITY CARE 1 151475 PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANTS DUNWOODY VILLAGE PROVIDES FINANCIAL ASSISTANCE TO CERTAIN ELIGIBLE RESIDENTS TO PAY FOR MONTHLY AND MEDICAL CARE FEES. THE INITIAL APPLICATION IS REVIEWED BY TOP MANAGEMENT AND IF DEEMED ELIGIBLE FOR FINANCIAL ASSISTANCE THE APPLICATION IS FORWARDED TO THE APPROPRIATE COMMITTEE FOR FINAL APPROVAL. ONCE APPROVED THE PAPERWORK IS FORWARDED TO THE ACCOUNTING OFFICE FOR PROCESSING OF THE GRANT. THE OFFICE OF THE CONTROLLER MONITORS THE GRANT ON AN ON GOING BASIS. NO FUNDS ARE RELEASED TO RECIPIENTS DIRECTLY, THEY ARE INTERNALLY CREDITED TO A RESIDENTS ACCOUNTS, AS SUCH THE ORGANIZATION IS ABLE TO ENSURE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X X X X 0 0 0 0 0 0 0 1 0 MAUREEN CASEY PRESIDENT AND CEO 312446 0 69524 0 0 0 18975 0 27604 0 428549 0 0 0 BRANDON JOLLY DIRECTOR OF HEALTH SERVICE 144762 0 21923 0 0 0 6073 0 31244 0 204002 0 0 0 ELAINE KAISER DIRECTOR OF MARKETING 138390 0 22123 0 0 0 8622 0 10737 0 179872 0 0 0 CURT SAYERS DIRECTOR OF HUMAN RESOURCE 126118 0 20904 0 0 0 8728 0 13706 0 169456 0 0 0 SUSAN BANKERT DIRECTOR OF NURSING 131290 0 16330 0 0 0 6143 0 9586 0 163349 0 0 0 PART I, LINE 7 PAID BONUSES FOR LEADERSHIP TEAM MEMBERS ARE EVALUATED AS PART OF THE EMPLOYEE'S OVERALL COMPENSATION, WHICH INCLUDES REVIEW OF COMPARABLE MARKET COMMITEE AND/OR THE CEO (EXCEPT WHEN THE CEO'S BONUS IS BEING EVALUATED). SURPASSING SPECIFIC ORGANIZATIONAL AND DEPARTMENTAL PERFORMANCE OBJECTIVES. 50TH AND 80TH PERCENTILE OF THE APPROPRIATE COMPARATOR MARKETS AND MAY VARY DATA AND EMPLOYEE PERFORMANCE BY INDEPENDENT BOARD MEMBERS ON THE EXECUTIVE THESE BONUSES ARE INTENDED TO ENCOURAGE AND REWARD LEADERS FOR ACHIEVING OR DUNWOODY VILLAGE IS COMMITED TO ENSURING TOTAL COMPENSATION BETWEEN THE BASED ON ORGANIZATIONAL PERFORMANCE AND EACH INDIVIDUAL'S EXPERIENCE AND PERFORMANCE. BONUS DECISIONS AND APPROVALS WILL BE DOCUMENTED IN EMPLOYEE'S FILE AND/OR IN THE COMMITEE MINUTES. ALL BONUSES ARE INCLUDED IN W2 COMPENSATION, THE 2023 BONUSES FOR THOSE LISTED ON FORM 990, PART VII, SECTION A, LINE 1 ARE AS FOLLOWS: MAUREEN CASEY: $69,524 BRANDON JOLLY: $21,923 ELAINE KAISER: $22,123 CURT SAYERS: $20,904 SUSAN BANKERT: $16,330 A DELAWARE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 231997311 NONEAVAIL 2020-07-30 64395000 REFINANCE 2013 BONDS AND FUND EXPANSION/IMPROVEMENT/RENOVATION PROJECTS 0 0 0 A 3769383 61480693 483215 30405471 30592007 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART II, PROCEEDS: PROCEEDS OF $61,480,693 INCLUDE $30,405,471 IN 2020A PROJECT COSTS IN 2020, 2021, AND 2022 $30,592,006 IN REFUNDING PREVIOUSLY OUTSTANDING BONDS, AND $483,215 OF ISSUANCE COSTS. $2,628,367 REMAIN AVAILABLE TO DRAW ON THE 2020A BONDS AS OF DECEMBER 31, 2023. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE OFFICERS OF THE CORPORATION AND OTHER TRUSTEES THAT MAY BE NAMED TO THE COMMITTEE BY THE CHAIR. THE EXECUTIVE COMMITTEE: (A) SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION AND SHALL: (I) ACT AS AN ETHICS COMMITTEE WHEN NEEDED TO DEVELOP POLICIES AND GUIDELINES FOR HANDLING OF ETHICAL ISSUES AND REVIEW AND GIVE CONSULTATION INVOLVING ETHICAL DIFFICULTIES. (II) CONDUCT PERFORMANCE REVIEW OF PRESIDENT CHIEF EXECUTIVE OFFICER. (III) MONITOR EFFECTIVENESS AND APPROVE INCENTIVE COMPENSATION OF EMPLOYEES UNDER INCENTIVE COMPENSATION PROGRAMS. (IV) REVIEW AND RECOMMEND TO THE BOARD CHANGES TO THE HUMAN RESOURCES POLICY AND BENEFIT PLANS OF THE CORPORATION. (V) SUCH OTHER DUTIES AND FUNCTIONS AS MAY BE ASSIGNED BY THE BOARD. (B) THE EXECUTIVE COMMITTEE, HOWEVER, SHALL NOT HAVE ANY POWER OR THE AUTHORITY AS TO THE FOLLOWING: (I) THE FILLING OF VACANCIES IN THE BOARD OF TRUSTEES. (II) THE ADOPTION, AMENDMENT OR REPEAL OF (THE) BYLAWS OF THE CORPORATION. (III) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD. (IV) ACTION ON MATTERS ASSIGNED BY (THE) BYLAWS OR RESOLUTION OF THE BOARD OF TRUSTEES TO ANOTHER COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE FINANCE COMMITTEE. IN ADDITION, ALL VOTING BOARD MEMBERS WILL RECEIVE A COPY OF THE FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. IN ORDER TO HONOR A DONOR REQUEST FOR ANONYMITY, THE COPY OF THE FORM 990 REVIEWED BY THE FINANCE COMMITTEE AND RECEIVED BY THE BOARD WILL HAVE THE SCHEDULE B DONOR NAMES AND ADDRESSES REDACTED. FORM 990, PART VI, SECTION B, LINE 12C DUNWOODY VILLAGE REQUIRES THAT EACH TRUSTEE, OFFICER, EMPLOYEE AND MEMBER OF THE CLINICAL STAFF CONDUCT THEIR AFFAIRS IN AN ETHICAL MANNER AND IN A WAY THAT AVOIDS CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICT OF INTEREST THAT THE MEMBERS OF DUNWOODY VILLAGE AND ITS RELATED PARTIES MAY HAVE IS DISCLOSED IN WRITING TO THE CORPORATE COMPLIANCE OFFICER. THE CORPORATE COMPLIANCE OFFICER IS RESPONSIBLE FOR OVERSEEING THIS PROCESS. IF A CONFLICT OF INTEREST SHOULD ARISE FROM A VOTING BOARD MEMBER, THAT BOARD MEMBER WOULD BE PROHIBITED FROM VOTING ON THOSE SPECIFIC CONFLICTING MATTERS. USE OF POSITION TO SECURE ANY SPECIAL DISCOUNT OR OTHER FAVORABLE TREATMENT FROM ANY PERSON OR ORGANIZATION WITH WHICH DUNWOODY VILLAGE DOES OR IS SEEKING TO DO BUSINESS WITH IS PROHIBITED. COI POLICY IS REGULARLY CARRIED ON, ESPECIALLY ANNUALLY FOR BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION PHILOSOPHY APPLIES TO THE PRESIDENT/CEO, OTHER OFFICERS AND ANY KEY EMPLOYEES. THE EXECUTIVE COMPENSATION PHILOSOPHY IS TO MAINTAIN A PACKAGE OF SALARY AND BENEFITS THAT WILL ENSURE THAT DUNWOODY VILLAGE WILL CONSISTENTLY ATTRACT AND RETAIN COMPETENT EXECUTIVE MANAGEMENT. AT LEAST EVERY OTHER YEAR SALARY AND BENEFITS PAID BY SIMILAR ORGANIZATIONS WILL BE REVIEWED THROUGH WAGE AND BENEFITS SURVEYS BY THE HUMAN RESOURCES DIRECTOR. THE HUMAN RESOURCES DIRECTOR WILL ADVISE THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HOW THE EXECUTIVE COMPENSATION COMPARES WITH THAT BEING PAID BY SIMILAR ORGANIZATIONS FOR SIMILAR POSITIONS. EMPLOYEE COMPENSATION IS ALSO REVIEWED AND COMPARED WITH NATIONAL AND STATE ASSOCIATIONS WAGE SURVEYS OF SIMILAR CCRC ENTITIES. FOR OTHER OFFICER AND KEY EMPLOYEE POSITIONS THE PRESIDENT/CEO ALSO WORKS WITH THE EXECUTIVE COMMITTEE AND COMPARABILITY DATA PULLED BY THE HUMAN RESOURCES DIRECTOR TO DETERMINE APPROPRIATE COMPENSATION. REVIEW OF THE PRESIDENT/CEO COMPENSATION IS COMPLETED ANNUALLY BY THE BOARD OF TRUSTEES. REVIEW OF 2023 PERFORMANCE AND COMPENSATION OF THE PRESIDENT/CEO OCCURED IN MARCH 2024. THE EXECUTIVE COMMITTEE HAD A MEETING TO DISCUSS 2023 PERFORMANCE AND COMPENSATION OF THE DIRECTOR OF HEALTH SERVICES, DIRECTOR OF MARKETING, AND THE PRESIDENT/CEO IN MARCH 2024. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE INCLUDED IN THE DUNWOODY ANNUAL REPORT BOOKLET. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -446,863. CHANGE IN INVESTMENT IN AFFILIATE 5,404,930. DUNWOODY LONG TERM CARE SERVICES 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 ELDERLY CARE PA 65685 961469 DUNWOODY VILLAGE INC THE DUNWOODY TRUST 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 CHARITY CARE FUNDING PA 682997 5369415 DUNWOODY VILLAGE INC DUNWOODY ALLIED SERVICES INC 3500 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 232854206 ELDERLY CARE PA 501(C)(3) LINE 12A, I DUNWOODY VILLAGE 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 1 0