2023-05-11T15:04:33-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2022-01-01 566064186 THE PRESBYTERIAN HOME AT CHARLOTTE INC PRES 7045531670 5100 SHARON RD CHARLOTTE NC 28210 ANGELA RIGSBEE PRESIDENT AND CEO 7045531670 2023-05-10 1 ANGELA RIGSBEE 999009999 0 JOHN NORMAN P01506766 7049985200 2023-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANGELA RIGSBEE 5100 SHARON RD CHARLOTTE NC 28210 29994985 0 X HTTPS://SHARONTOWERS.ORG/ X 1969 NC WE ENRICH RESIDENTS' LIVES BY PROVIDIING A NURTURING ENVIRONMENT WITH JOY, PURPOSE, AND WELL-BEING 20 21 432 75 0 0 3060084 1432369 26380998 27236684 3124420 -79915 372590 0 32938092 28589138 1426594 1517119 0 0 12472869 12285186 0 0 122613 12186183 14278002 26085646 28080307 6852446 508831 213857347 213210140 145253172 149137039 68604175 64073101 WE ENRICH THE LIVES OF THOSE WE SERVE BY PROVIDING A NURTURING ENVIRONMENT THAT FOSTERS JOY, PURPOSE, AND WELL-BEING. 0 0 27168645 1517119 27236684 THE PRESBYTERIAN HOME AT CHARLOTTE, INC. PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT FACILITY WHICH AT DECEMBER 31, 2022, CONTAINED 253 INDEPENDENT LIVING UNITS, 40 ASSISTED LIVING UNITS, AND A 96 BED HEALTH CARE CENTER (37 HEALTH CARE BEDS OUT OF SERVICE DURING CONSTRUCTION). 27168645 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 45 0 432 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 21 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X CHARLES GASKINS 7045531670 5100 SHARON ROAD CHARLOTTE NC 28210 DOUGLAS K BRADLEY VICE CHAIR/PAST CHAIR 1.00 X X 0 0 0 JOHN E BURTON JR SECRETARY 1.00 X X 0 0 0 JOHN J CARPENTER DIRECTOR 1.00 X 0 0 0 EDITH M HALL DIRECTOR 1.00 X 0 0 0 MARGARET A MARTIN DIRECTOR 1.00 X 0 0 0 TIMOTHY J IGNASHER DIRECTOR 1.00 X 0 0 0 RONALD R KIMBLE DIRECOR 1.00 X 0 0 0 ADELAIDE A DAVIS DIRECTOR 1.00 X 0 0 0 E JUDSON MCADAMS DIRECTOR 1.00 X 0 0 0 RICHARD D WILLIAMS DIRECTOR 1.00 X 0 0 0 RICHARD L NICHOLS CHAIR 1.00 X X 0 0 0 KATHERINE K RICH TREASURER 1.00 X X 0 0 0 ROBERT S HUDSPETH DIRECTOR 1.00 X 0 0 0 CURTIS L TRENKELBACH DIRECTOR 1.00 X 0 0 0 THECKLA D STERRETT DIRECTOR 1.00 X 0 0 0 VELVA W WOOLLEN DIRECTOR 1.00 X 0 0 0 MARTHA K CADDELL DIRECTOR 1.00 X 0 0 0 WILLIAM A NICHOLS DIRECTOR 1.00 X 0 0 0 B PARTHENIA RICH DIRECTOR 1.00 X 0 0 0 ROBERT T DOOLEY DIRECTOR 1.00 X 0 0 0 CHARLES R GASKINS CFO 40.00 1.00 X 203448 0 36098 ANGELA RIGSBEE PRESIDENT AND CEO 40.00 1.00 X 237861 0 29741 MILTON MCGOWIAN VP RESIDENT SERVICES 40.00 X 136566 0 20896 CORY STEPANSKI DIRECTOR OF FACILITY SERVICES 40.00 X 121060 0 23577 ANN MARIE LADIS DIRECTOR OF MARKETING 40.00 X 144664 0 14515 ELIZABETH BYRD VP NURSING SERVICES 40.00 X 121596 0 13802 OTIS AMERSON PROJECT MANAGER 40.00 X 113285 0 10502 1078480 0 149131 10 0 1 0 MESSER CONSTRUCTION CO 2400 EXECUTIVE ST CHARLOTTE NC 28208 BUILDING CONSTRUCTION CONTRACTOR 23690451 ROSS ALLEN CUSTOM BUILDERS INC 9313 MONROE ROAD CHARLOTTE NC 28270 BUILDING RENOVATION CONTRACTOR 2124307 US FOODSERVICE 7801 STATESVILLE ROAD CHARLOTTE NC 28269 FOODSERVICE 1114481 HEALTHPRO HERITAGE 1 MARCUS DRIVE SUITE 102 GREENVILLE SC 29615 THERAPY CONTRACT SERVICES 1015818 SHIFTKEY 5221 NORTH OCONNER BLVD SUITE 140 IRVING TX 75039 CNA/LPN/NURSING CONTRACTOR 610526 27 1432369 1432369 INDEPENDENT LIVING 623990 10713539 10713539 HEALTH CARE 623990 6767860 6767860 ENTRANCE FEES 623990 5474903 5474903 ASSISTED LIVING 623990 2494650 2494650 OTHER RESIDENT SERVICE 623990 1785732 1785732 27236684 663579 663579 662353 1295818 110029 -633465 -110029 -743494 -743494 28589138 27236684 0 -79915 679400 679400 837719 837719 9811861 9058651 693006 60204 162932 139806 20889 2237 1638502 1570907 55892 11703 671891 647546 19262 5083 270999 270999 332070 323407 8663 1027930 1027930 1000000 1000000 4490793 4490793 363569 363569 HOUSEKEEPING & MAINTENA 2445309 2443937 1372 FOOD & DIETARY 1455012 1455012 UTILITIES & COMMUNICATI 1257752 1257752 HEALTH CARE SUPPLIES 1241991 1241991 392577 359226 33351 28080307 27168645 789049 122613 16318428 19670896 186808 147474 1174054 1149143 419896 333176 115261286 37250179 61906531 78011107 32271771 27452237 101579859 86446107 213857347 213210140 6226871 7886085 96761076 81687702 42265225 59563252 145253172 149137039 X 61023480 58115947 7580695 5957154 68604175 64073101 213857347 213210140 508831 -5039905 0 X 0 1 X 1 0 X 4108687 3929199 2186836 3060084 1432369 14717175 24481826 26840235 26500784 26753588 27236684 131813117 28590513 30769434 28687620 29813672 28669053 146530292 336833 73855 410688 0 336833 73855 410688 146119604 755286 882152 787942 819642 663579 3908601 755286 882152 787942 819642 663579 3908601 29345799 31651586 29475562 30633314 29332632 150438893 0.97130 0.97070 0.02600 0.02700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3032006 -335222 2696784 3032006 387526 387526 3032006 3032006 158873 158873 3032006 3032006 65368 65368 3032006 3032006 421347 421347 3032006 1.00000 0 0 478558 478558 107746167 31245710 76500457 7036561 6004469 1032092 78011107 CIP 76374748 OTHER ASSETS 4000 NONCURRENT CONTRIBUTIONS RECEIVABLE 583948 CAPITAL CAMPAIGN FUND 2459130 HELD UNDER BOND AGREEMENTS 7024281 86446107 DEFERRED REVENUE 59563252 59563252 1 ALZHEIMER'S ASSOCIATION 4600 PARK ROAD SUITE 250 CHARLOTTE NC 28209 561440727 501(C)(3) 165000 3612 COST OF SUPPLIES PARTICIPATION OF EMPLOYEES IN ANNUAL WALK AND SUPPLIES FOR EVENT WALK TO END ALZHEIMER'S AND DEMENTIA EDUCATION UNC CHARLOTTE 9201 UNIVERSITY CITY BLVD CHARLOTTE NC 28223 560791228 115 214924 0 SUPPORT UNCC PROGRAM TO PROVIDE UNDERSERVED SENIORS WITH PERSONALIZED HEALTH ASSESSMENTS INREACH 4530 PARK ROAD SUITE 300 CHARLOTTE NC 28209 521084075 501(C)(3) 125000 0 SUPPORT FOR A WIDE VARIETY OF SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND MENTAL DEFICITS CRISIS ASSISTANCE 500-A SPRATT STREET CHARLOTTE NC 28206 541416719 501(C)(3) 25000 5614 COST OF SUPPLIES PROVIDE FOOD AND WATER EVERY OTHER WEEK TO PROVIDE ASSISTANCE AND ADVOCACY FOR PEOPLE IN FINANCIAL CRISIS, HELPING THEM MOVE TOWARD SELF-SUFFICIENCY FRIENDSHIP TRAYS 648 GRIFFITH ROAD SUITE B CHARLOTTE NC 28217 561398498 501(C)(3) 25000 0 HOME DELIVERED MEALS TO THOSE IN NEED SHARON PRESBYTERIAN CHURCH 5201 SHARON ROAD CHARLOTTE NC 28210 999999999 501(C)(3) 50000 0 SERVE HUMAN NEED MEMORY AND MOVEMENT 300 BILLINGSLEY ROAD SUITE 108 CHARLOTTE NC 28211 464329944 501(C)(3) 25000 0 COMPREHENSIVE CARE FOR MEMORY AND MOVEMENT DISORDERS REGARDLESS OF FINANCIAL SITUATION QUEENS UNIVERSITY 1900 SELWYN AVENUE CHARLOTTE NC 28274 560530003 501(C)(3) 25000 0 LEARNING SOCIETY PROGRAM LEADINGAGE NATIONAL 2514 CONNECTICUT AVE NW WASHINGTON DC 20008 136213525 501(C)(3) 10000 0 HURRICANE RELIEF 9 WAIVED ENTRANCE FEE AND SUBSIDIZED SERVICE FEES FOR RESIDENTS 28 837719 PART I, LINE 2: PRESBYTERIAN HOME AT CHARLOTTE, INC PROVIDES FINANCIAL ASSISTANCE TO ITS RESIDENTS WHO CANNOT AFFORD THE FULL COST OF THEIR CARE. THIS ASSISTANCE WAS GIVEN VIA WAIVED ENTRY FEES AND SUBSIDIZATION OF MONTHLY SERVICE FEES. TWENTY-THREE RESIDENTS RECEIVED FINANCIAL ASSISTANCE IN EXCESS OF $5000 FOR 2022. THEIR ASSISTANCE TOTALED $853,434. RECIPIENTS ARE REQUALIFIED ANNUALLY AFTER A REVIEW OF THEIR INCOME AND EXPENSES. FINANCIAL RECORDS ARE KEPT ON ALL ASSISTANCE. X X X 0 0 0 1 0 1 0 1 0 ANGELA RIGSBEE PRESIDENT AND CEO 225711 0 12150 0 0 0 7964 0 21777 0 267602 0 0 0 CHARLES R GASKINS CFO 190602 0 12846 0 0 0 7354 0 28744 0 239546 0 0 0 ANN MARIE LADIS DIRECTOR OF MARKETING 111739 0 32925 0 0 0 5082 0 9433 0 159179 0 0 0 MILTON MCGOWIAN VP RESIDENT SERVICES 135017 0 1549 0 0 0 4905 0 15991 0 157462 0 0 0 PART I, LINE 3 THE COMPANY DOES NOT HAVE AN EXTERNAL REVIEW, HOWEVER, THE EXECUTIVE COMMITTEE OF THE SHARON TOWERS BOARD SERVES AS THE COMPENSATION COMMITTEE. THE COMMITTEE IS GIVEN A WAGE AND SALARY SURVEY CONDUCTED ANNUALLY BY THE LEADINGAGE NATIONAL AND THE HOSPITAL AND HEALTH CARE COMPENSATION SERVICE. THE SURVEY CONSISTS OF DATA FROM OTHER CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) FOR THE ENTIRE COUNTRY. THE DELIBERATION AND DECISION IS THEN DOCUMENTED AND PLACED IN THE CEO'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE SHARON TOWER'S HUMAN RESOURCES RECORDS. PART I, LINE 5 CEO, CFO, & VP'S HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS. PART I, LINE 6 CEO, CFO, & VP'S HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS. PART I, LINE 7 CEO, CFO, AND VP'S HAD CERTAIN NON-FINANCIAL GOALS TO MEET IN ORDER TO RECEIVE A PORTION OF THEIR BONUS. A NC MEDICAL CARE COMMISSION A BONDS 521309402 65820YQK5 2019-12-05 83995931 SEE PART VI 0 0 0 A 83995931 5269750 7977517 1616080 47920911 4890000 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 PART I, ISSUE A THE PURPOSE OF THIS BOND ISSUE WAS TO FINANCE THE COSTS OF CONSTRUCTING AND EQUIPPING A NEW INDEPENDENT LIVING APARTMENT BUILDING, TO FUND CAPITAL IMPROVEMENTS TO BUILDINGS THROUGHOUT THE ORGANIZATION'S CAMPUS, TO REFUND THE OUTSTANDING 2001 VARIABLE RATE DEMAND HEALTH CARE FACILITIES REVENUE BONDS, TO TERMINATE ITS INTEREST RATE SWAP AGREEMENT, TO FUND A DEBT SERVICE RESERVE FUND, TO PAY A PORTION OF THE INTEREST ACCRUED ON THE SERIES 2019A BONDS, AND TO PAY CERTAIN EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2019A BONDS. X 1 8000 X 6 330342 PUBLICLY TRADED STOCK 1 0 1 1 PART I, LINE 32B: FOR CONTRIBUTIONS OF STOCK, THE ORGANIZATION USES A THIRD PARTY BROKER TO SELL THE STOCK DONATED AND CONVERT IT TO CASH. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD PRESENTS A NEW CLASS OF BOARD MEMBERS ANNUALLY TO THE PRESBYTERY OF CHARLOTTE. THE PRESBYTERY APPROVES THE NEW MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B AFTER RECEIVING THE FORM 990 FROM OUR AUDITOR, IT IS REVIEWED BY OUR CHIEF FINANCIAL OFFICER AND CEO. THE REDACTED VERSION, WITHOUT DONOR NAMES IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST; BOARD MEMBERS ABSTAIN FROM ANY DECISION/VOTE THAT MAY BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COMPANY DOES NOT HAVE AN EXTERNAL REVIEW, HOWEVER, THE EXECUTIVE COMMITTEE OF THE SHARON TOWERS BOARD SERVES AS THE COMPENSATION COMMITTEE. THE COMMITTEE IS GIVEN A WAGE AND SALARY SURVEY CONDUCTED ANNUALLY BY THE LEADINGAGE NATIONAL AND THE HOSPITAL AND HEALTH CARE COMPENSATION SERVICE. THE SURVEY CONSISTS OF DATA FROM OTHER CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) FOR THE ENTIRE COUNTRY. THE DELIBERATION AND DECISION IS THEN DOCUMENTED AND PLACED IN THE CEO'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE SHARON TOWER'S HUMAN RESOURCES RECORDS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST; FINANCIALS ARE ALSO AVAILABLE ON MSRB/EMMA REPORTING WEBSITE FOR BONDS SHARON TOWERS FOUNDATION 5100 SHARON ROAD CHARLOTTE NC 28210 863815687 SUPPORT OF SHARON TOWERS NC 501(C)(3) LINE 12A, I THE PRESBYTERIAN HOME AT CHARLOTTE 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 SHARON TOWERS FOUNDATION B 1000000 CASH