2023-11-13T03:50:06-00:00 2022-12-31 990 2022-01-01 381387145 Presbyterian Villages of Michigan PRES 26200 Lahser Rd Suite 300 Southfield MI 48033 Bruce Blalock Sr VP of Finance 2023-11-08 false Bruce Blalock 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Bruce Blalock 26200 Lahser Rd Suite 300 Southfield MI 48033 10984267 false X pvm.org X 1945 MI Guided by our Christian heritage, we serve seniors of all faiths and to create new possibilities for quality living. 18 14 784 0 7019645 4965976 5315421 4361688 82947 79746 943682 1324580 13361695 10731990 0 0 4720040 5122305 0 0 3886446 3582657 8606486 8704962 4755209 2027028 39059165 44011704 9652323 12272776 29406842 31738928 Guided by our Christian heritage, we serve seniors of all faiths and to create new possibilities for quality living. false false 1825851 10731990 A non-profit faith-based organization that sponsors, develops, advocates, operates and manages diverse services, programs, care and facilities for older adults touching the lives of approximately 7,500 persons 1825851 true false false false false false false false false false true false false true true true false false false false false false false false false false false false false true true false false false false false false false false false false false false false false true true false false false false true X 139 1 true 784 true false false false false false false false false false false false false X 18 14 false false false false false false false true true false false true true true true true true true true false MI X X X Presbyterian Villages of Michigan 2482812020 26200 Lahser Rd Suite 300 Southfield MI 48033 X Roger Myers President and CEO 040.00 X X 444650 0 0 Brian Carnaghi Treasurer and CFO 040.00 X 283953 0 0 LaDonna Holley Sr VP of Human Resources 040.00 X 213280 0 0 Mark Kronner Chief Technology Officer 040.00 X 166607 0 0 Lynn Alexander Sr VP of Public Relations 040.00 X 161419 0 0 Kevin Petru Dir of Real Estate 040.00 X 141606 0 0 Katrina Summersett Dir of Risk Management 040.00 X 140615 0 0 Anjuree Moore Dir of HR 040.00 X 111954 0 0 Kesha Akridge Dir of Housing Oper 040.00 X 111229 0 0 Stacey Welford Accounting Manager 040.00 X 109266 0 0 Audra Fyre Dir of Sales and Mktg 040.00 X 99961 0 0 David Cunningham VP of Finance 040.00 X 99528 0 0 Bruce Blalock SVP of Finance OG 040.00 X 92572 0 0 Henry Johnson Director 001.00 X 0 0 0 Paul Bridgewater Director 001.00 X 0 0 0 Johnnie Jackson Vice Chair 001.00 X X 0 0 0 Duane Lewis Vice Chair 001.00 X X 0 0 0 Gwendolyn Graddy-Dansby Director 001.00 X 0 0 0 David Frauenheim Director 001.00 X 0 0 0 Kenneth Hollowell Vice Chair 001.00 X 0 0 0 Dr Lynda Jeffries Director 001.00 X 0 0 0 Ted Payne Director 001.00 X 0 0 0 Roshunda Price Chair 001.00 X X 0 0 0 Gary Ley Vice Chair 001.00 X 0 0 0 James Gompers Ex Officio 001.00 X 0 0 0 Martha Nield Secretary and Chair Audit 001.00 X 0 0 0 Rev Dr Louis Prues Director 001.00 X 0 0 0 Nathan Sheffer Director 001.00 X 0 0 0 Natalie Brothers Director Emeritus 001.00 X 0 0 0 Charles Tommasulo director 001.00 X 0 0 0 2176640 10 false true false Healthpro Heritage PO Box 69268 Baltomore MD 21264 staffing 947603 ShiftMed LLC 7925 Jones Branch Drive McLean VA 22102 staffing 166551 JD Modroch Staffing 8135 Rattle Run Columbus OH 48063 staffing 133552 Cassic Investigative Agency PO Bos 0281 Detroit MI 48202 security 129931 4 4965976 4965976 Management fees 531310 3278580 3278580 Development fees 533110 420753 420753 EJNP rental income 533110 653355 653355 9000 9000 4361688 80074 80074 -328 -328 1101155 252277 848878 475702 475702 10731990 4441434 0 0 0 0 0 0 4499676 215460 4284216 62180 2977 59203 290820 13925 276895 269629 14732 254897 18312 18312 159096 159096 34395 34395 0 0 201755 201755 111978 111978 58844 58844 555801 32315 523486 0 480012 349487 130525 178280 2415 175865 0 28561 28561 237042 6324 230718 0 269579 223402 46177 69909 30364 39545 fees 96519 45430 51089 supplies -739 -739 1083313 889759 193554 8704962 1825851 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derivatives and other financial products Closely-held equity interests Related Party dev fees receivable 51032 Related party oper advances 1480232 Due from Perry Farm 360018 Related party notes receivable 2896047 Project pre-development costs 2235130 Investment in CCIC and subscriber savings account 1635395 Bond issuance and prepaid financing cost Longevity fund 71649 Related party investments 17400775 reclass other assets 198266 26328544 Federal income taxes Paycheck Protection Progam Loan Huntington National Bank borrowings 500000 2015 bonds 1826325 Due to Presbyterian Villages of Michigan Foundation 3000000 reclass financing costs 31726 5358051 10984267 62187 -2232227 -2170040 13154307 -252277 -252277 12902030 8957243 8957243 2136023 2136023 11093266 X 1 The Obligated Group members are not-for-profit corporations and are exempt from tax under the provisions of Internal Revenue Code Section 501c3. Accordingly, no tax provision is recorded in the special purpose combined financial statements. X true true X X X X X false false false false false false true false false false Roger Myers President and CEO 429013 15637 5260 16370 466280 Brian Carnaghi Treasurer and CFO 280084 3869 5711 15815 305479 Lynn Alexander Sr VP of Public Relations 159708 1711 3194 588 165201 LaDonna Holley Sr VP of Human Resources 212423 857 3216 2088 218584 Mark Kronner Chief Technology Officer 165750 857 3325 588 170520 Part I Line 6b Selected members of senior management are eligible to participate in an Executive Incentive Compensation Program if selected financial and quality targets are achieved across the entire Presbyterian Villages of Michigan system A Michigan Finance Authority 800596186 59447TDG5 2015-07-01 30275000 redeem previous bond issue and obtain additional funds false false false B Public Finance Authority of Wisconsin 74442PQC2 2020-09-30 18180000 obtain funds for new construction and repay various loans/notes false false false C Public Finance Authority of Wisconsin 2020-09-30 20000000 funds for new construction false false false A 29165563 2030944 138269 1259714 false true true true B 17552675 1099050 1129586 351054 7983126 false false true true C 20000000 400000 19600000 false false true true A false false false false false true 0.22900 true true B false false false false false false C false false false false false false A false true false false false false false true B false true false false false true Presbyterian Villages of Michigan 0000000007.000000000000 false false false false true C false true false false false false false false true A false B false C false Part V Presbyterian Village of Michigan PVM has not adopted written procedures which expressly address remediating nonqualified bonds or identifying and correcting violations of federal tax law requirements through the voluntary disclosure agreement program with respect to the Michigan Finance Aurhority, series 2015 the Bonds. However, PVM has agreed in the Loan Agreement to take, on behalf of itself and the Authority, all action necessary to ensure ongoing compliance with federal tax law requirements relating to the Bonds. Furthermore, PVM is aware of the need to monitor post-issuance compliance with federal tax law requirements relating to the Bonds and the projects financed by the Bonds, based on the documentation it delivered and received upon the issuance of the Bonds. These documents include the Nonarbitrage and Tax Compliance Cerificate executed and delivered by PVM. The certificate sets forth the reasonable expectation regarding the amount and use of the gross proceeds as required by Treasury Regulations 1.148-2b2 for compliance with arbitrage requirements.Presbyterian Village of Michigan PVM has not adopted written procedures which expressly address remediating nonqualified bonds or identifying and correcting violations of federal tax law requirements through the voluntary disclosure agreement program with respect to the Public Finance Authority of Wisconsin, series 2020 the Bonds. However, PVM has agreed in the Loan Agreement to take, on behalf of itself and the Authority, all action necessary to ensure ongoing compliance with federal tax law requirements relating to the Bonds. Furthermore, PVM is aware of the need to monitor post-issuance compliance with federal tax law requirements relating to the Bonds and the projects financed by the Bonds, based on the documentation it delivered and received upon the issuance of the Bonds. These documents include the Nonarbitrage and Tax Compliance Cerificate executed and delivered by PVM. The certificate sets forth the reasonable expectation regarding the amount and use of the gross proceeds as required by Treasury Regulations 1.148-2b2 for compliance with arbitrage requirements. true false Form 990, Part V, Line 2a PVM acts as a common pay master for all entities within the PVM system, therefore this Organization files W-2 forms for all employees of the system. The Organization reported here has approximately 50 employees. Form 990, Part VII, Section A, Line 7a Presbyterian Villages of Michigan is the sole member of the corporation and appoints the members of the board Form 990, Part VI, Section B, Line 11 A copy of the completed form and all related schedules was distributed to the board members via e-mail for their review, comment and questions prior to filing Form 990, Part VI, Section B, Line 12 Presbyterian Villages of Michigan annually distributes conflict of interest forms to all board members and senior staff. Forms are returned to the PVM offices. Form 990, Part VI, Section B, Line 15b A biannual salary study is conducted by an independent compensation consultant/analyst who reports to the PVM Executive Committee acting in their capacity as the PVM Compensation Committee. Compensation rates are also routinely surveyed and evaluated for all employee positions. Form 990, Part VI, Section C, Line 19 The Organization has not yet established a process for publicly disclosing its governing documents or conflict of interest policy. Such items are available upon request. Annual audits and Form 990 are available at www.PVM.org Form 990, Part XI, Line 9 Other changes in net assets includes a year end equity transfer of -2,333,319 to other members of the Obligated Group 483,003 of assets released 40,317 of change in temporaily restricted funds. MLK Gibson Devel Co LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 200467567 development of senior housing MI Presbyterian Villages of Michigan Opdyke Kirkman Devel Co LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 203529634 development of senior housing MI Presbyterian Villages of Michigan Garfield Six Devel Co LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 421597893 development of senior housing MI Presbyterian Villages of Michigan PVM EJNP Development CO LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 460970880 development of senior housing MI Presbyterian Villages of Michigan PV North LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 382204058 development of senior housing MI Presbyterian Villages of Michigan 5221 Lakeshore LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 381387145 development of senior housing MI Presbyterian Villages of Michigan PVM Jeffries 26200 Lahser Rd Suite 300 Southfield MI 48033 201297666 development of senior housing MI Presbyterian Villages of Michigan PV West LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 205648863 development of senior housing MI Presbyterian Villages of Michigan PVM University Meadows LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 842664472 development of senior housing MI Presbyterian Villages of Michigan PV North II LP 26200Lahser Rd Suite 300 Southfield MI 48033 843466012 development of senior housing MI Presbyterian Villages of Michigan Redford Manor LP LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 843461332 development of senior housing MI Presbyterian Villages of Michigan Lake Huron Woods LP LLC 26200 Lahser Rd Suite 300 Southfield MI 48033 843783876 development of senior housing MI Presbyterian Villages of Michigan Presbyterian Village Redford 25330 W Six Mile Rd Redford MI 48240 383098398 senior housing MI 501-C-3 10 N/A false Presbyterian Village East 33875 Kiely Dr Chesterfield MI 48047 383098399 senior housing MI 501-C-3 10 N/A false Presbyterian Village Westland 32001 Cherry Hill 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