2025-05-15T06:15:51-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 521197548 ROLAND PARK PLACE INC ROLA 4102435700 830 WEST 40TH STREET BALTIMORE MD 212112134 JUSTIN REAVES INTERIM CFO 4102435700 2025-05-14 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-05-14 X 2023 2025-03-06 01:10:19Z SAM GUEDOUAR 830 WEST 40TH STREET BALTIMORE MD 212112134 50513395 0 X WWW.ROLANDPARKPLACE.ORG X 1980 MD RETIREMENT COMMUNITY THAT OFFERS INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING SERVICES. 16 16 328 21 0 0 148567 269397 27986123 31323774 793647 1102863 228323 269363 29156660 32965397 0 0 0 0 12082854 12848792 0 0 119485 17847257 17915491 29930111 30764283 -773451 2201114 139980404 143881493 145791194 143794311 -5810790 87182 X YOUR PLEASURE IN RETIREMENT - OUR AIM; YOUR PERSONAL WELL-BEING - OUR FOCUS; YOUR INTERESTS ENHANCED - OUR PLEDGE: THESE ARE THE MISSIONS OF ROLAND PARK PLACE, A CONTINUING CARE RETIREMENT COMMUNITY IN THE CITY OF BALTIMORE. 0 0 20196983 24983189 INDEPENDENT LIVING - INDEPENDENT LIVING IS FOR THOSE IN THE COMMUNITY WHO ENJOY A FULLY FUNCTIONING, INDEPENDENT LIFESTYLE. ON-SITE WELLNESS OPTIONS INCLUDE A STATE-OF-THE-ART, STAFFED FITNESS CENTER AND POOL. INDIVIDUAL AND GROUP INSTRUCTION IS OFFERED. AN ON-SITE MEDICAL CLINIC IS STAFFED WITH NURSES, NURSE PRACTITIONERS, AND PHYSICIANS. CERTAIN ASSISTANCE IS PERMITTED IN THE APARTMENTS FOR THOSE WHOSE NEEDS REQUIRE ADDITIONAL SERVICES. THE COMMUNITY HAS 220 INDEPENDENT LIVING UNITS WITH AN ESTIMATED ANNUAL 97,000 CENSUS DAYS. OCCUPANCY AT 6/30/24 WAS 211 OCCUPIED APARTMENTS AND 253 RESIDENTS. IN THE SPRING OF 2020, ROLAND PARK PLACE BEGAN CONSTRUCTION OF A NEW INDEPENDENT LIVING EXPANSION. THE NEW CONSTRUCTION WAS COMPLETED IN THE SUMMER OF 2021 PROVIDING 58 NEW APARTMENTS LOCATED IN AN EIGHT STORY TOWER CONNECTED TO THE EXISTING BUILDING. IN ADDITION TO THE APARTMENTS, THE NEW ADDITION INCLUDES AN ART STUDIO LOCATED ON THE GROUND FLOOR AND A COMMUNITY CLUB ROOM ON THE EIGHTH FLOOR WITH EXPANSIVE VIEWS OF THE BALTIMORE SKYLINE. 3629881 4490076 NURSING CARE - THE HEALTH CARE CENTER PROVIDES BOTH LONG-TERM CARE AND SHORT-TERM REHABILITATION STAYS FOR RESIDENTS. THIS LEVEL OF RESIDENCY IS A COMPONENT OF ROLAND PARK PLACE'S "CONTINUING CARE" SERVICES. ON-SITE PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH AND AQUATIC THERAPY ARE OFFERED IN THE HEALTH CARE CENTER TO RESIDENTS WHO MAY NEED TO REGAIN THEIR STRENGTH AFTER A JOINT REPLACEMENT, SURGERY OR OTHER HOSPITALIZATION. THE HEALTH CARE CENTER HAS 44 PRIVATE ROOMS FOR NURSING CARE, LICENSED AS COMPREHENSIVE CARE, AND HAS AN ANNUAL ESTIMATED 10,600 CENSUS DAYS. AVERAGE OCCUPANCY FOR THE FISCAL YEAR WAS 22 PERMANENT AND TEMPORARY LIFECARE RESIDENTS AND 5 PER DIEM RESIDENTS. 1495994 1850509 ASSISTED LIVING - COMPRISED OF RESIDENTIAL CARE AND MEMORY CARE, OUR ASSISTED LIVING-LEVEL OF SERVICE OFFERS A TRANSITION BETWEEN INDEPENDENT LIVING AND THE HEALTH CARE CENTER FOR RESIDENTS WITH TEMPORARY OR PERMANENT PHYSICAL OR COGNITIVE CHALLENGES WHO ARE STILL SAFE AND COMFORTABLE WITH AN AUTONOMOUS LIFESTYLE. RESIDENTIAL CARE CAN OFFER JUST ENOUGH SUPPORT AND SAFETY WITHOUT TOO MUCH INTERVENTION. AS A RESULT OF RENOVATIONS COMPLETED IN DECEMBER 2019, THE COMMUNITY OFFERS 15 RESIDENTIAL CARE APARTMENTS AND 26 MEMORY CARE APARTMENTS FOR RESIDENTS WITH AN ESTIMATED ANNUAL 13,500 CENSUS DAYS. AVERAGE OCCUPANCY FOR THE FISCAL YEAR WAS 37 RESIDENTS. A GENEROSITY OF SPIRIT AND TALENT DEFINES THE PEOPLE WHO CONTRIBUTE TO THE VIBRANCY OF ROLAND PARK PLACE AND OVER THE YEARS, OUR COMMITMENT AND PASSION TO COMMUNITY SERVICE HAS STRENGTHENED OUR TIES TO CITIZENS AND ESTABLISHED OUR PLACE IN THE NEIGHBORHOOD AS A SUPPORTIVE, CARING AND VALUED ALLY. WE NOT ONLY EMBRACE THE IDEA OF DIFFERENT NEIGHBORS, CIVIC GROUPS, BUSINESSES AND CITIZENS WORKING TOGETHER FOR THE BETTERMENT OF OUR COMMUNITY, WE ADVOCATE FOR IT. AS A NOT-FOR-PROFIT ORGANIZATION CHAMPIONING TEAMWORK, POSITIVE CHANGE AND CIVIC EMPOWERMENT, THE ROLAND PARK PLACE BOARD OF DIRECTORS HAS APPOINTED A STRATEGIC PLANNING COMMITTEE TO FURTHER STRENGTHEN OUR POSITION AS A RESPECTED PARTNER IN THE COMMUNITY AND REINFORCE OUR COMMITMENT TO PARTNERSHIPS AND SERVICE. OUR PHILOSOPHY INCLUDES A COMMITMENT TO SERVE AS A RESOURCE AND PROVIDER OF SERVICE TO THE GREATER BALTIMORE CITY COMMUNITY AND WE ACTIVELY SEEK OPPORTUNITIES TO ASSIST OUR SURROUNDING NEIGHBORS. 25322858 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 35 0 328 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X JUSTIN REAVES INTERIM CFO 4102435700 830 WEST 40TH STREET BALTIMORE MD 212112134 KAYLIN KOPCHO CHAIR 0.90 0.10 X X 0 0 0 NEBEYE SERTSU VICE CHAIR 0.90 0.10 X X 0 0 0 RICHARD EHRLICH TREASURER 0.90 0.10 X X 0 0 0 TED MILLSPAUGH SECRETARY 0.90 0.10 X X 0 0 0 CHARLES A BRYAN BOARD MEMBER 0.90 0.10 X 0 0 0 PATRICK MCCULLOH BOARD MEMBER 0.90 0.10 X 0 0 0 TIMOTHY ARMBRUSTER BOARD MEMBER 0.90 0.10 X 0 0 0 NEETA DHAWN-GRAY BOARD MEMBER 0.90 0.10 X 0 0 0 JUSTIN REAVES BOARD MEMBER 0.90 0.10 X 0 0 0 BETTINA M STRAIGHT BOARD MEMBER 0.90 0.10 X 0 0 0 JACKALYN NOLLER BOARD MEMBER 0.90 0.10 X 0 0 0 JIM PORTERFIELD BOARD MEMBER 0.90 0.10 X 0 0 0 PARKER THOENI BOARD MEMBER 0.90 0.10 X 0 0 0 JERRY DOCTROW BOARD MEMBER 0.90 0.10 X 0 0 0 NANCY KELSO BOARD MEMBER 0.90 0.10 X 0 0 0 ARITA MCCOY BOARD MEMBER 0.90 0.10 X 0 0 0 SAM GUEDOUAR PRESIDENT 39.70 0.30 X 306375 0 49459 SHELDON BEINSTOCK VP, FINANCE 40.00 0.00 X 159293 0 19646 JENNIFER LABUTE VP OF HEALTH SERVICES 40.00 0.00 X 171309 0 16867 REBECCA BEES VP, MARKETING 40.00 0.00 X 162608 0 23021 CHRISTIAN BABCOCK DIRECTOR OF IT 40.00 0.00 X 138907 0 13076 CINDY DEFONTES-WOLF REGISTERED NURSE 40.00 0.00 X 155455 0 23696 KIRIL APOSTOLOV VP, OPERATIONS 40.00 0.00 X 152246 0 10702 ELIZABETH SIMANGO REGISTERED NURSE 40.00 0.00 X 150386 0 25242 1396579 0 181709 17 0 1 0 CONSIDINE CONTRACTING GROUP LLC 3198 MAIN STREET MANCHESTER MD 21102 CONTRACTING SERVICES 1316020 POWERBACK REHABILITATION PO BOX 821322 PHILADELPHIA PA 19182 THERAPY SERVICES 699942 STRATEGIC FACTORY 11195 DOLFIELD BOULEVARD OWINGS MILLS MD 21117 MARKETING SERVICES 383140 MEDSTAR HEALTH PO BOX 418757 BOSTON MA 02241 HEALTHCARE SERVICES 354280 KNOTT MECHANICAL 1940 GREENSPRING DRIVE TIMONIUM MD 21093 HVAC & PLUMBING 293787 27 269397 269397 MONTHLY SERVICE FEES 623000 20034138 20034138 EARNED ENTRANCE FEES 623000 6799560 6799560 HEALTH CARE CENTER FEES 623000 4490076 4490076 31323774 1104847 1104847 111082 35250 75832 75832 75832 17471499 30216 17503699 0 -32200 30216 -1984 -1984 6631 9049 -2418 -2418 FOOD SERVICES 623000 90179 90179 HOUSEKEEPING REVENUE 623000 47175 47175 BEAUTY/BARBER SHOP INCOME 623000 45837 45837 12758 12758 195949 32965397 31323774 0 1372226 795364 795364 9808031 7737548 1978367 92116 222606 181091 39359 2156 1231138 1012528 205903 12707 791653 625892 159013 6748 51724 51724 93453 93453 1144 1144 105813 105813 2971883 1906514 1065369 128353 128353 1127887 862828 264727 332 18754 14223 4531 2663417 2643043 20374 72268 44225 28043 1740680 1740680 5780625 5780625 407218 407218 FOOD & BEVERAGE EXPENSE 1770652 1714568 56084 MEDSTAR EXPENSES 360260 360260 MEDICAL EXPENSE 217435 217435 EMPLOYEE RECRUITING 121516 121516 282409 74180 207334 895 30764283 25322858 5321940 119485 2397 1182 7800805 6307094 451355 411878 231472 283899 159904640 61969361 101032254 97935279 24401945 32599067 6060176 6343094 139980404 143881493 2416264 3694222 89169756 89049117 50794985 48880983 3410189 2169989 145791194 143794311 X -8873048 -3329936 3062258 3417118 -5810790 87182 139980404 143881493 X 2201114 3423156 273702 X 0 1 X 1 0 X 594582 417416 2250149 148567 269397 3680111 17975420 18091386 20760072 27986123 31323774 116136775 191257 153478 140593 131228 183191 799747 18761259 18662280 23150814 28265918 31776362 120616633 0 0 0 120616633 962510 534921 1625893 966289 1215929 5305542 962510 534921 1625893 966289 1215929 5305542 79858 305702 45618 178519 19389 629086 19803627 19502903 24822325 29410726 33011680 126551261 0.95310 0.94580 0.04190 0.04850 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GIFT SHOP GROSS RECEIPTS - 2019 AMOUNT: $ 37,256. 2020 AMOUNT: $ 48,652. 2021 AMOUNT: $ 39,622. 2022 AMOUNT: $ 11,931. 2023 AMOUNT: $ 6,631. MISC INCOME - 2019 AMOUNT: $ 6,338. 2020 AMOUNT: $ 245,390. 2021 AMOUNT: $ 2,557. 2022 AMOUNT: $ 79,907. 2023 AMOUNT: $ 5,088. BISTRO/COFFEE SHOP - 2019 AMOUNT: $ 18,246. 2020 AMOUNT: $ 4,335. 2022 AMOUNT: $ 8,936. CARD REBATE PROGRAM - 2019 AMOUNT: $ 14,621. EMPLOYEE UNIFORMS - 2019 AMOUNT: $ 1,697. 2020 AMOUNT: $ 7,325. INSURANCE REIMBURSEMENT - 2019 AMOUNT: $ 1,700. 2022 AMOUNT: $ 70,971. POSTAGE INCOME - 2021 AMOUNT: $ 2,754. 2022 AMOUNT: $ 1,894. 2023 AMOUNT: $ 1,920. PERSONAL TRAINING FEE - 2021 AMOUNT: $ 685. 2022 AMOUNT: $ 4,880. TRANSPORTATION - 2023 AMOUNT: $ 5,750. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1144 1144 0 PART II-B, LINE 1: ROLAND PARK PLACE IS A MEMBER OF LEADING AGE WHICH IS AN ORGANIZATION FOR SENIOR SERVICES PROVIDERS AND ASSOCIATES. A PORTION OF ANNUAL DUES IS ALLOCATED TO LOBBYING ACTIVITIES. 3140125 389253 147675 3381703 2908830 138271 313990 220966 3140125 3057725 97575 -238916 7554 2908830 2276646 47471 735998 2390 3057725 2204877 100846 29077 2276646 0.00000 0.00000 1.00000 0 0 1013032 1013032 137669043 51401074 86267969 20791405 10568287 10223118 431160 431160 97935279 DEPOSITS 513089 CHARITABLE GIFT ANNUITIES 4342 ENTRANCE FEE REFUNDS 1652558 2169989 36598338 3423156 165486 3588642 33009696 -44299 -44299 32965397 30700366 41896 41896 30658470 105813 105813 30764283 PART V, LINE 4: ALL ENDOWMENT FUNDS ARE TEMPORARILY RESTRICTED AND PRIMARILY USED FOR RESIDENT ASSISTANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 271,299. INVESTMENT FEES -105,813. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -35,250. COST OF GOODS SOLD -9,049. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY EXPENSES -2,403. RENTAL EXPENSES 35,250. COST OF GOODS SOLD 9,049. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 105,813. X X X X 0 0 0 0 0 0 0 1 0 SAM GUEDOUAR PRESIDENT 265500 0 40875 0 0 0 8954 0 40505 0 355834 0 0 0 JENNIFER LABUTE VP OF HEALTH SERVICES 158709 0 12600 0 0 0 6376 0 10491 0 188176 0 0 0 REBECCA BEES VP, MARKETING 132549 0 30059 0 0 0 6157 0 16864 0 185629 0 0 0 CINDY DEFONTES-WOLF REGISTERED NURSE 100599 0 54856 0 0 0 6114 0 17582 0 179151 0 0 0 SHELDON BEINSTOCK VP, FINANCE 150308 0 8985 0 0 0 6025 0 13621 0 178939 0 0 0 ELIZABETH SIMANGO REGISTERED NURSE 76696 0 73690 0 0 0 6009 0 19233 0 175628 0 0 0 KIRIL APOSTOLOV VP, OPERATIONS 141923 0 10323 0 0 0 4258 0 6444 0 162948 0 0 0 CHRISTIAN BABCOCK DIRECTOR OF IT 134801 0 4106 0 0 0 2696 0 10380 0 151983 0 0 0 PART I, LINE 7 OFFICERS OF THE ORGANIZATION ARE ABLE TO EARN A NON-FIXED, DISCRETIONARY PAYMENT IN THE FORM OF A BONUS. BONUSES ARE DETERMINED ON AN ANNUAL BASIS AND ARE BASED ON THE INDIVIDUAL'S PERFORMANCE FROM THE PREVIOUS YEAR AND APPROVED BY THE BOARD. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2017-03-02 30000000 BUILDING 0 0 0 B MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2019-07-31 60000000 RENOVATIONS & EXPANSION 0 0 0 A 216000 30000000 169131 470715 29360154 2019 0 0 1 1 B 43000 60000000 2298933 598500 57102567 2021 0 0 1 1 A 0 1 1 1 0 0.00640 0.00000 0.00640 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 THE COLUMBIA BANK 7.000000000000 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2023 SCHEDULE K, PART III, LINE 4 AND 5: THE ORGANIZATION MAY HAVE SMALL AMOUNTS OF PRIVATE BUSINESS USE RELATED TO MANAGEMENT CONTRACTS AND/OR LEASE ARRANGEMENTS BUT THE AMOUNTS ARE MINIMAL AND HARD TO ESTIMATE. THE TOTAL IS FAR LESS THAN THE 5% THRESHOLD. THE ORGANIZATION IS PRUDENT IN ITS USE OF DEBT-FINANCED PROPERTY AND MONITORS USE OF ITS DEBT-FINANCED PROPERTY CLOSELY AND CAREFULLY. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MAY ACT ON BEHALF OF THE BOARD WHEN THE BOARD IS NOT IN SESSION. FORM 990, PART VI, SECTION B, LINE 11B INITIAL REVIEW OF THE FORM 990 IS PERFORMED INTERNALLY BY THE PRESIDENT AND SENIOR DIRECTOR OF FINANCE. THE BOARD OF DIRECTORS IS THEN PROVIDED A COPY OF THE FORM 990 FOR REVIEW BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, OFFICER, AND EMPLOYEE ANNUALLY SIGNS AN INDIVIDUAL DISCLOSURE STATEMENT. THE STATEMENT EXPRESSLY ASKS IF THE SIGNER HAS ANY FAMILY OR BUSINESS RELATIONSHIPS THAT MAY BE CONSTRUED AS A CONFLICT. THE STATEMENT REQUIRES ALL BOARD MEMBERS, OFFICERS, AND EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST TRANSACTIONS THAT NEED TO BE REVIEWED BY THE BOARD. IF THERE IS A CONFLICT OF INTEREST THEN THE BOARD MEMBER WILL NOT PARTICIPATE IN ANY VOTE REGARDING SUCH TRANSACTIONS AND THE ABSTENTION FROM VOTING SHALL BE INDIVIDUALLY RECORDED IN THE OFFICIAL BOARD OR COMMITTEE MEETING MINUTES. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS RECOMMENDED AND DOCUMENTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. EXECUTIVE COMPENSATION IS APPROVED BY THE FULL BOARD IN CLOSED SESSION. COMPARATIVE DATA IS USED TO ENSURE THAT ALL COMPENSATION DECISIONS REFLECT FAIR MARKET RANGE FOR THE INDUSTRY. THE PRESIDENT DETERMINES COMPENSATION FOR OTHER KEY EMPLOYEES SUCH AS THE VP OF FINANCE BY UTILIZING INDUSTRY-SOURCED DATA TO ENSURE A COMPENSATION PACKAGE WITHIN FAIR MARKET RANGE BY POSITION. MOST EMPLOYEES ARE SUBJECT TO A LIMITED RANGE OF ANNUAL INCREASE WHICH APPLIES TO ALL EMPLOYEES AS WELL AS SOME EMPLOYEES WAGES BEING ADJUSTED BASED ON CERTAIN LOCAL GOVERNMENTAL MINIMUM WAGE REQUIREMENTS IN ADDITION TO FEDERAL MINIMUM WAGE STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 ROLAND PARK PLACE, INC. MAKES ALL DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FV OF INTEREST RATE SWAP 271,299. ADJUST INVESTMENT IN SUB 2,403. ROLAND PARK PLACE HEALTH CARE CORPORATION 830 WEST 40TH STREET BALTIMORE MD 21211 521387032 TO PROVIDE AMBULATORY AND OTHER MEDICAL SERVICES TO ROLAND PARK PLACE INC MD 501(C)(3) LINE 10 ROLAND PARK PLACE 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 ROLAND PARK PLACE HEALTH CARE CORPORATION D 4869240 COST