2022-08-24T08:03:39-05:00 2021-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2021-01-01 222229486 MEADOWOOD CORPORATION MEAD 6105841000 3205 SKIPPACK PIKE PO BOX 670 WORCESTER PA 19490 STEVEN WISNIEWSKI VP OF FINANCE/CFO 6105841000 2022-08-19 1 STEVEN WISNIEWSKI 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z PAUL NORDEMAN 3205 SKIPPACK PIKE PO BOX 670 WORCESTER PA 19490 43389895 0 X WWW.MEADOWOOD.NET X 1983 PA TO PROVIDE THE HIGHEST QUALITY OF LIFE FOR ALL WHO EXPERIENCE THE MEADOWOOD COMMUNITY. 15 14 481 40 0 0 1648431 7512113 33377658 34438289 465646 978358 -86646 12504 35405089 42941264 105722 113613 0 0 15608924 16120836 0 0 38458 22887299 24542573 38601945 40777022 -3196856 2164242 151175181 160208688 166335966 170656657 -15160785 -10447969 X MEADOWOOD IS COMMITTED TO PROVIDE THE HIGHEST QUALITY OF LIFE FOR ALL WHO EXPERIENCE THE MEADOWOOD COMMUNITY. 0 0 35308471 113613 34438289 TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY, WHICH PROVIDES HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO SENIORS THROUGH THE OPERATION OF A 59-BED NURSING FACILITY, A 56-BED PERSONAL CARE FACILITY, 298 RESIDENTIAL APARTMENTS, 42 CARRIAGE HOMES AND A HOME HEALTH AGENCY. THE CORPORATION'S COMMUNITY IS LOCATED IN WORCESTER TOWNSHIP, PA. TOTAL RESIDENT DAYS AT THE FACILITY WERE AS FOLLOWS: SKILLED NURSING DAYS OF 18,076, ASSISTED LIVING DAYS OF 16,322 AND INDEPENDENT LIVING DAYS OF 139,212. ALSO, THE HOME HEALTH AGENCY PERFORMED 1172 VISITS DURING 2021. HEALTHCARE SERVICE - PROVIDE RESIDENTS WITH PHYSICIAN CARE, PHYSICAL THERAPY, SPEECH THERAPY, OCCUPATIONAL THERAPY, SKILLED NURSING, PERSONAL CARE, ACTIVITIES, HOME HEALTH, AND OTHER RELATED SERVICES. MAINTENANCE AND OTHER SERVICES - PROVIDE GENERAL MAINTENANCE AND SERVICE REPAIRS TO CENTER, INCLUDING DEPRECIATION AND INTEREST EXPENSES. PROVIDE SECURITY, TRANSPORTATION, AND OTHER SERVICES AS NEEDED. DINING SERVICES - PROVIDE DAILY MEALS TO RESIDENTS, PROVIDE FOR SPECIAL DIETARY NEEDS OF RESIDENTS AND SPECIAL FUNCTIONS REQUESTED BY RESIDENTS. PROVIDE COFFEE SHOP FOR RESIDENTS, STAFF AND GUESTS. 35308471 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 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 1 0 0 0 0 1 19 0 481 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X WANDA MANN 6105841000 3205 SKIPPACK PIKE PO BOX 670 WORCESTER PA 19490 PAUL NORDEMAN PRESIDENT/CEO 40.00 X X 403408 0 47928 JAMES R BEAM SECRETARY 2.00 X X 0 0 0 WILLIAM D BLACK DIRECTOR 2.00 X 0 0 0 JEREMY C BRENN TREASURER 2.00 X X 0 0 0 LAWRENCE W DESSEN DIRECTOR 2.00 X 0 0 0 EUGENE D DOLLOFF VICE-CHAIR 2.00 X X 0 0 0 W BRUCE FRETZ DIRECTOR 2.00 X 0 0 0 BRUCE J MCKENNEY CHAIR 2.00 X X 0 0 0 BARBARA H OST DIRECTOR 2.00 X 0 0 0 JEFFREY S RIEDER DIRECTOR 2.00 X 0 0 0 ILENE WARNER-MARON DIRECTOR 2.00 X 0 0 0 H DRAKE WILLIAMS JR DIRECTOR 2.00 X 0 0 0 MARY LINDNER DIRECTOR 2.00 X 0 0 0 HELENE BOCLAIR DIRECTOR 2.00 X 0 0 0 MARK STRASBURG DIRECTOR 2.00 X 0 0 0 STEVEN WISNIEWSKI VP OF FINANCE/CFO 40.00 X 217961 0 28483 MARLON BACK VP OF MAINTENANCE 40.00 X 157761 0 22938 BARBARA FRITZINGER VP OF HUMAN RESOURCES 40.00 X 159247 0 16029 REGINA FARRELL VP OF HEALTH CENTER 40.00 X 194589 0 14405 JOHN KOTSATSO MARKETING SALES REP 40.00 X 145332 0 0 NICK BALL SALES REPRESENTATIVE 40.00 X 164863 0 14244 1443161 0 144027 11 0 1 0 MOSSREHAB 60 E TOWNSHIP LINE ROAD ELKINS PARK PA 19027 THERAPY SERVICES 710563 UNIDINE CORPORATION PO BOX 102289 ATLANTA GA 30368 DINING SERVICES 603903 E3 2161 WEBER ROAD LANSDALE PA 19446 IT CONSULTING 526321 VARSITY MARKETING LLC 532 N FRONT STREET WORMLEYBURG PA 17043 MARKETING 397363 WILLIAMS ELECTRIC 418 S STONE RIDGE DRIVE LANSDALE PA 19446 ELECTRICIAN 236000 8 2403714 5108399 7512113 NET RESIDENT SERVICE REVENUE 623000 34438289 34438289 34438289 500709 500709 4507 4507 50687 38183 12504 12504 12504 871385 12205 410448 0 460937 12205 473142 473142 42941264 34438289 0 990862 113613 113613 792780 792780 12751313 11223177 1528136 318788 286774 32014 1325338 1104459 220879 932617 781322 151295 44992 44992 79700 79700 120184 120184 1660470 1065436 595034 483870 483870 4053521 3169875 883646 2495 2495 2487074 2487074 53140 33973 19167 32032 7786 24246 3210773 3210773 10268487 10268487 392679 392679 MEDICAL SUPPLIES 756085 734704 21381 REPAIRS & MAINTENANCE 326562 324867 1695 EMPLOYEE APPRECIATION 299454 78466 220988 PAYROLL CHARGES 132253 132253 138802 22511 77833 38458 40777022 35308471 5430093 38458 5379442 2980415 2759326 6682871 1827375 3440763 259328 245924 1022526 1029329 202627755 102374352 97869137 100253403 42058047 45575983 151175181 160208688 3779491 5474194 54774830 65654414 76940695 72900412 2795673 437943 28045277 26189694 166335966 170656657 X -16004718 -14377357 843933 3929388 -15160785 -10447969 151175181 160208688 X 2164242 2131223 417351 X 0 1 X 1 0 X 655763 315438 432023 1648431 7512113 10563768 28846135 30243784 30940613 33377658 34438289 157846479 29501898 30559222 31372636 35026089 41950402 168410247 0 0 0 168410247 349142 538435 910064 615902 555903 2969446 349142 538435 910064 615902 555903 2969446 13039 22077 105800 2697 143613 29864079 31119734 32388500 35644688 42506305 171523306 0.98190 0.98010 0.01730 0.01860 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: SALES TAX DISCOUNT - 2017 AMOUNT: $ 189. REBATES CREDITS - 2018 AMOUNT: $ 3,883. 2019 AMOUNT: $ 6. INSURANCE CLAIM INCOME - 2017 AMOUNT: $ 11,547. 2018 AMOUNT: $ 18,117. BENEVOLENT CARE - 2019 AMOUNT: $ 102,776. MISCELLANEOUS - 2018 AMOUNT: $ 77. 2019 AMOUNT: $ 3,018. 2020 AMOUNT: $ 2,697. NATIONAL EQUIPMENT REBATE - 2017 AMOUNT: $ 803. TILE REPAIR - 2017 AMOUNT: $ 500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2966001 2966001 166109617 87617352 78492265 12537563 4508123 8029440 21014574 10248877 10765697 100253403 REFUNDABLE DEPOSITS 1208151 REFUNDABLE ENTRY FEES 23707254 FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENTS 1274289 26189694 45427808 2131223 317138 2448361 42979447 -38183 -38183 42941264 40714992 51583 51583 40663409 113613 113613 40777022 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENTS 430,751. BENEVOLENT CARE AND MONTHLY FEE SUBSIDY FOR RESIDENTS -113,613. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -38,183. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 38,183. CHANGE IN VALUE OF ANNUITIES 13,400. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE AND MONTHLY FEE SUBSIDY FOR RESIDENTS 113,613. 1 BENEVOLENT CARE AND MONTHY FEE SUBSIDIES 3 113613 PART I, LINE 2: RECERTIFICATION OF BENEVOLENT CARE IS PERFORMED AT LEAST ANNUALLY. SUBSIDY FOR BENEVOLENT CARE OR SUBSIDY TO MONTHLY FEE IS CREDITED DIRECTLY TO THE MONTHLY INVOICE. X X X X 0 0 0 0 0 0 0 1 0 PAUL NORDEMAN PRESIDENT/CEO 328408 0 75000 0 0 0 17000 0 30928 0 451336 0 0 0 STEVEN WISNIEWSKI VP OF FINANCE/CFO 197961 0 20000 0 0 0 10002 0 18481 0 246444 0 0 0 REGINA FARRELL VP OF HEALTH CENTER 174589 0 20000 0 0 0 0 0 14405 0 208994 0 0 0 MARLON BACK VP OF MAINTENANCE 137761 0 20000 0 0 0 8116 0 14822 0 180699 0 0 0 NICK BALL SALES REPRESENTATIVE 164863 0 0 0 0 0 6531 0 7713 0 179107 0 0 0 BARBARA FRITZINGER VP OF HUMAN RESOURCES 139247 0 20000 0 0 0 11429 0 4600 0 175276 0 0 0 PART I, LINE 7 PAYMENT OF BONUSES IN ANY GIVEN YEAR IS CONTINGENT UPON SATISFACTORY FINANCIAL PERFORMANCE, AS DETERMINED BY THE BOARD OF DIRECTORS. FOR EXTRAORDINARY MANAGEMENT PERFORMANCE AS MEASURED BY FINANCIAL OR QUALITATIVE RESULTS, THE BOARD MAY AUTHORIZE AT THE END OF ANY GIVEN YEAR AN ADDITIONAL AMOUNT TO SUPPLEMENT THE BUDGETED BONUS POOL FOR THE YEAR. IF FINANCIAL PERFORMANCE IS LESS THAN BUDGET, THE BOARD MAY AUTHORIZE A PARTIAL PAYMENT OF THE BUDGETED BONUS AMOUNT BASED UPON PARTIAL ATTAINMENT OF OVERALL FINANCIAL AND QUALITATIVE GOALS. ACCRUED BONUSES WERE PAID TO THE MANAGEMENT TEAM IN 2021 THAT WERE BASED ON EACH MANAGER'S PERFORMANCE. PAUL NORDEMAN, THE PRESIDENT/CEO, DETERMINED AND APPROVED THE BONUSES FOR THE MANAGEMENT TEAM AND HIS OWN BONUS WAS DETERMINED AND APPROVED BY THE BOARD. THE PROCESS IS DOCUMENTED BY A BOARD APPROVED POLICY AND THE PAYOUTS ARE DOCUMENTED IN INDIVIDUAL MEMOS. A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245725 613609F92 2018-11-08 87230000 CURRENTLY REFUND PRIOR ISSUED BONDS, CAPITAL IMPROVEMENTS 0 0 0 A 15450000 90542475 4142149 1429261 1350276 54018691 29597591 2020 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3: THE GROSS PROCEEDS DIFFER FROM THE STATED BOND VALUES DUE TO BOND PREMIUM INCLUDED AT ISSUANCE AS WELL AS INVESTMENT INCOME EARNINGS. FORM 990, PART VI, SECTION A, LINE 3 FLICK SENIOR DINING RUNS THE DINING AT MEADOWOOD. GENESIS RUNS THE THERAPY PROVIDED AT MEADOWOOD. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND CONTROLLER COORDINATED OBTAINING RESPONSES TO QUESTIONS ON THE FORM 990 AND QUERIED THE APPROPRIATE PARTIES. THE DRAFT WAS REVIEWED BY THE CFO. THE FINAL VERSION WAS REVIEWED WITH THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND SUMMARIZED TO THE FULL BOARD, WHO ALSO RECEIVED A FULL COPY OF THE FINAL VERSION BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO OUR CONFLICT OF INTEREST POLICY, EVERY TRUSTEE AND SENIOR STAFF MEMBER (STRATEGIC TEAM) WILL COMPLETE AN "ANNUAL CONFLICT OF INTEREST AND DISCLOSURE OF RELATED ACTIVITIES STATEMENT." THE PURPOSE OF THE STATEMENT IS TO DISCLOSE ANY INTEREST THAT MAY CREATE A CONFLICT OF INTEREST IN LIGHT OF THE RELATIONSHIP WITH MEADOWOOD. THE EXECUTIVE ASSISTANT TO THE CEO REVIEWS ALL SIGNED CONFLICT OF INTEREST FORMS. IF ANY INTEREST IS DISCLOSED ON THE STATEMENTS AND IS DEEMED TO BE A CONCERN BY STAFF OR BOARD MEMBERS, THE BOARD WILL REVIEW THE POTENTIAL CONFLICT AND RECOMMEND ACTION TO MITIGATE THE CONFLICT OR END THE RELATIONSHIP THAT HAS CAUSED THE CONFLICT. FAMILY AND BUSINESS RELATIONSHIPS ARE MENTIONED AS SOURCES OF CONFLICT IN THE POLICY STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 AT YEAR-END, THE PRESIDENT/CEO SUBMITS HIS ASSESSMENT OF HIS ACHIEVEMENT OF HIS GOALS AND ANY OTHER PERTINENT INFORMATION REGARDING HIS RESPONSIBILITIES FOR THE PREVIOUS YEAR TO THE EXECUTIVE COMMITTEE (EC). THE VP OF HUMAN RESOURCES (HR) SUBMITS CURRENT COMPARATIVE WAGE INFORMATION REGARDING OTHER CEOS TO THE EC. THE EC REVIEWS THE CEO'S ASSESSMENT, HR DATA AND, AS NECESSARY, SOLICITS OTHER INFORMATION OR COMMENTS FROM THE STAFF. THE EC MAKES A RECOMMENDATION TO THE BOARD CONCERNING THE CEO'S REVIEW AND THE FOLLOWING YEAR'S COMPENSATION. THE BOARD MEETS IN EXECUTIVE SESSION, REVIEWS THE ENTIRE PROCESS, MAKES A FINAL EVALUATION AND DETERMINES THE NEXT YEAR'S COMPENSATION. THIS PROCESS AND EXECUTIVE SESSION ARE DOCUMENTED IN MEETING MINUTES. THE BOARD CHAIR DELIVERS THE BOARD'S DECISION TO THE CEO. MARKET RATE COMPARISONS ARE ALSO OBTAINED FOR ALL KEY STAFF POSITIONS AND COMMUNICATED TO THE CEO AS PART OF THE ANNUAL REVIEW PROCESS, WHICH ALSO INCLUDES A SELF-EVALUATION, EVALUATION BY THE CEO, AND GOAL SETTING. THE VP OF HUMAN RESOURCES ENSURES THAT THE PROPER RATES ARE PAID. DOCUMENTATION IS IN THE FORM OF A WRITTEN REVIEW. THIS REVIEW WAS LAST DONE IN JANUARY 2020 FOR ALL RELEVANT STAFF. FORM 990, PART VI, SECTION C, LINE 19 AN ANNUAL DISCLOSURE STATEMENT INCLUDES THE AUDITED FINANCIAL STATEMENTS AND IS PROVIDED TO ALL PROSPECTIVE RESIDENTS. IT IS ALSO AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AND IN THE COMMUNITY'S LIBRARY. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENTS 430,751. CHANGE IN VALUE OF ANNUITIES -13,400. MEADOWOOD LIFE PLAN AT HOME LLC 3205 SKIPPACK PIKE WORCESTER PA 194900670 812582891 PROVIDES HOME CARE SERVICES TO ITS MEMBERS PA 260865 1153368 MEADOWOOD CORPORATION