2022-09-28T16:11:22-04:00 2021-12-31 520783935 SMITH ELLIOTT KEARNS & COMPANY LLC 19405 EMERALD SQUARE STE 1400 HAGERSTOWN MD 21742 990 2021-01-01 520610464 FAHRNEY-KEEDY MEMORIAL HOME INC AKA FAHRNEY-KEEDY HOME AND VILLAGE FAHR 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 STEPHEN COETZEE PRESIDENT/CEO 3017336284 2022-09-06 true STEPHEN COETZEE 999009999 TIMOTHY E PETERS CPA P00957675 3017335020 2022-09-06 2021 2022-09-23 18:48:47Z STEPHEN COETZEE 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 22151167 false X WWW.FKHV.ORG X 1905 MD WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 101 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. 15 15 359 23 0 3386060 5243512 15743018 16853121 -14321 -5117 8865 19420 19123622 22110936 17225 2350 0 12633748 14184934 0 111818 6888481 6601889 19539454 20789173 -415832 1321763 37679498 38902151 23342799 22387613 14336699 16514538 X WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 101 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. false false 8724395 11237189 NURSING SERVICES TO PRIVATE PAY, MEDICARE, AND MEDICAID RESIDENTS. 2248180 4075954 ASSISTED LIVING SERVICES. 825094 1069125 INDEPENDENT LIVING SERVICES. 6363466 2350 470853 ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, ADULT DAY CARE, AND PROPERTY SERVICES. EXPENSES BY PROGRAM ARE AS FOLLOWS: ROUTINE SERVICES - 3,413,709 CAPITAL AND PROPERTY SERVICES - 1,310,817 OTHER PATIENT CARE - 1,168,235 ADULT DAY CARE - 333,567 STAFF DEVELOPMENT - 137,138 GRANTS TO ORGANIZATIONS - 2,350 6363466 2350 470853 18161135 true true false false false false false false false true true false false true true true true false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false true 34 0 true 359 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false MD X CHRISTOPHER R STOCKSLAGER 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 STEPHEN COETZEE PRESIDENT/CE 40.00 X 199047 0 10970 JULIA MCGLAUGHLIN EXECUTIVE DI 40.00 X 127444 0 17169 CHRISTOPHER STOCKSLAGER CFO/TREASURE 40.00 X 113953 0 9570 BARBARA A FOSTER DIRECTOR OF 40.00 X 106902 0 10650 KAREN ANTHONY DIRECTOR 2.00 X 0 0 0 MARY BOWMAN DIRECTOR 2.00 X 0 0 0 WAYNE BRILL DIRECTOR 2.00 X 0 0 0 LERRY FOGLE DIRECTOR 2.00 X 0 0 0 LESLIE HART DIRECTOR 2.00 X 0 0 0 MIKE KENNEY DIRECTOR 2.00 X 0 0 0 DAVID LYLES DIRECTOR 2.00 X 0 0 0 JOHN MILLER CHAIR 2.00 X X 0 0 0 WILLIAM MITCHELL VICE CHAIR 2.00 X X 0 0 0 BARBARA MOSSER DIRECTOR 2.00 X 0 0 0 JONATHAN NOYES DIRECTOR 2.00 X 0 0 0 ANN PLATOU DIRECTOR 2.00 X 0 0 0 KERRI SEMLER DIRECTOR 2.00 X 0 0 0 DOROTHY STRAWSBURG DIRECTOR 2.00 X 0 0 0 DR JASON VOURLEKIS DIRECTOR 2.00 X 0 0 0 547346 48359 4 false true false DIVISION 9 DESIGN & CONSTRUCTION 45 WEST MAIN STREET D CLINTON NJ 08809 CONSTRUCTION 1351100 MAJOR LEAGUE BUILDERS 22174 PONDSVILLE ROAD SMITHSBURG MD 21783 CONSTRUCTION 342770 COLBY BACHTELL LLC 12785 AILANTHUS DRIVE HAGERSTOWN MD 21742 CONSTRUCTION 132325 3 17200 4958630 267682 5243512 PATIENT SERVICE 623000 15313143 15313143 AMORTIZATION OF ENTRANCE FEES 623000 744986 744986 RESIDENT SERVICES 623000 470853 470853 INDEPENDENT LIVING 623000 324139 324139 16853121 1909 1909 19279 20029 6276 -750 -6276 -7026 -7026 33346 17200 13926 19420 19420 22110936 16853121 14303 2350 2350 331437 6822 308043 16572 11358045 10581892 704551 71602 92824 87108 4624 1092 1587854 1328760 247031 12063 814774 731250 77001 6523 16863 16863 67360 67360 751267 624375 126592 300 70974 70758 216 1015288 939045 75247 996 200130 200130 903351 876191 27160 12330 11449 803 78 23799 21456 2343 462281 462281 1455223 1455223 239318 239318 FOOD COSTS 427870 427870 PHARMACY & DRUG COSTS 316097 316097 EMPLOYEE COSTS 306532 2594 303938 BAD DEBTS 195330 195330 137876 91042 44458 2376 20789173 18161135 2516220 111818 79363 13912 1734176 821309 109475 49608 1827762 3537593 229594 7933 75602 94220 41268367 16842875 24461502 24425492 9162024 9952084 37679498 38902151 2047451 1388716 4068939 4405489 16941399 16455835 285010 137573 23342799 22387613 X 7098915 8714930 7237784 7799608 14336699 16514538 37679498 38902151 X 1321763 856076 X false true X true true true X 434372 359895 333788 3386060 5243512 9757627 14123493 14086562 14469425 15743018 16853121 75275619 8238 9198 18826 13991 33346 83599 14566103 14455655 14822039 19143069 22129979 85116845 85116845 17613 19159 32811 16136 1909 87628 17613 19159 32811 16136 1909 87628 14583716 14474814 14854850 19159205 22131888 85204473 0.99900 0.99840 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 419608 57291 476899 376680 49769 6841 419608 346163 12579 79675 61737 376680 366770 30958 -24945 26620 346163 325008 30470 24060 12768 366770 1.00000 false false 355019 355019 35772220 13392894 22379326 2882602 2276498 606104 2258526 1173483 1085043 24425492 BENEFICIAL INTEREST IN TRUSTS 7663264 OPERATING RESERVE 2152476 BENEVOLENT FUND 136344 9952084 CAPITAL LEASE 100927 LIFE CARE CREDITS 36646 137573 X 20791531 856076 -28193 827883 19963648 2147288 2147288 22110936 18613692 -2147288 -2147288 20760980 28193 28193 20789173 SCHEDULE D, PAGE 2, PART V, LINE 4 THE HOME HAS A BOARD DESIGNATED ENDOWMENT FUND. THE INCOME EARNED ON THE ENDOWMENT FUND, INCLUDING APPRECIATION, IS EXPENDABLE, FOR THE MAINTENANCE AND REPAIR OF THE HOME'S FACILITIES. ACCOUNTING STANDARDS CODIFICATION (ASC)958 PROVIDES GUIDANCE ON THE NET ASSET CLASSIFICATION OF ENDOWMENT FUNDS FOR A NOT-FOR-PROFIT ORGANIZATION THAT IS SUBJECT TO AN ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT OF 2006 (UPMIFA.) ASC 958 ALSO REQUIRES DISCLOSURES ABOUT AN ORGANIZATION'S BOARD DESIGNATED ENDOWMENT FUNDS, AND THAT THE ORGANIZATION IS SUBJECT TO UPMIFA UNDER STATE LAW. ENDOWMENT INVESTMENT AND SPENDING POLICY: THE HOME'S INVESTMENT POLICY IS TO PROVIDE A COMMON INVESTMENT VEHICLE, WHICH WILL GENERATE A STABLE AND CONTINUOUSLY GROWING INCOME STREAM TO SUPPORT OPERATIONS. THE OVERALL INVESTMENT GOAL IS TO PRESERVE THE PURCHASING POWER OF THE FUTURE STREAM OF ENDOWMENT PAYOUT FOR THOSE FUNDS. OTHER GOALS INCLUDE MAXIMIZING RETURN WITHIN REASONABLE AND PRUDENT LEVELS OF RISK AND MAXIMIZING THE VALUE OF THE ENDOWMENT WHILE MAINTAINING LIQUIDITY NEEDED TO SUPPORT SPENDING IN PROLONGED DOWN MARKETS. THE HOME SEEKS A RETURN ON INVESTMENT CONSISTENT WITH LEVELS OF INVESTMENT RISK THAT ARE PRUDENT AND REASONABLE GIVEN MEDIUM-TO-LONG-TERM CAPITAL MARKET CONDITIONS AND THE INVESTMENT OBJECTIVES. THE HOME HAS BEEN ENABLED BY THE BOARD OF DIRECTORS TO SPEND THE INTEREST AND DIVIDENDS DERIVED FROM THE ENDOWMENT FUND ON ITS REPAIRS AND MAINTENANCE COSTS. SCHEDULE D, PAGE 3, PART X THE HOME FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE HOME'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. THE HOME'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE AND LOCAL TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN -28,193 SCHEDULE D, PAGE 4, PART XI, LINE 4B DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B -13,926 EMPLOYEE RETENTION CREDIT NETTED WITH PAYROLL TAXES 2,161,214 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B 13,926 EMPLOYEE RETENTION CREDIT NETTED WITH PAYROLL TAXES -2,161,214 SCHEDULE D, PAGE 4, PART XII, LINE 4B PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN 28,193 GOLF TOURNAMENT 28656 16700 11956 300 4114 901 1011 GALA 21890 500 21390 500 6108 510 482 50546 17200 33346 300 4614 7009 510 1493 13926 19420 X false false false false false false false false false STEPHEN COETZEE PRESIDENT/CEO 199047 3928 7042 210017 FORM 990 - ORGANIZATION'S MISSION WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 36 INDEPENDENT LIVING COTTAGES, 26 INDEPENDENT LIVING APARTMENTS, 32 ASSISTED LIVING BEDS, AND A 101 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. FORM 990, PAGE 2, PART III, LINE 4D ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, ADULT DAY CARE, AND PROPERTY SERVICES. EXPENSES BY PROGRAM ARE AS FOLLOWS: ROUTINE SERVICES - 3,413,709 CAPITAL AND PROPERTY SERVICES - 1,310,817 OTHER PATIENT CARE - 1,168,235 ADULT DAY CARE - 333,567 STAFF DEVELOPMENT - 137,138 GRANTS TO ORGANIZATIONS - 2,350 FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD MEETS SEMI-MONTHLY AND THE 990 INFORMATION IS PROVIDED AT THEIR NEXT MEETING AFTER THE 990 IS RECEIVED. FORM 990, PAGE 6, PART VI, LINE 12C ALL ASSOCIATES ARE REQUIRED TO DISCLOSE TO THEIR SUPERVISOR/DEPARTMENT MANAGER/VICE PRESIDENT OF OPERATIONS ANY SITUATION WHICH MIGHT POSSIBLY CONSTITUTE A CONFLICT OF INTEREST. ANY SITUATION WHICH WOULD CREATE AN ACTUAL CONFLICT OF INTEREST OR THE APPEARANCE OF CONFLICT MUST BE AVOIDED. IF ANY SITUATION POSES DOUBT CONSULT WITH SUPERVISOR/DEPARTMENT MANAGER/VICE PRESIDENT OF OPERATIONS. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AND SUBMITTED IN A LETTER BY THE CHAIRMAN OF THE BOARD OF DIRECTORS TO THE ACCOUNTING DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE ACCOUNTING OFFICE AND THE CEO'S OFFICE. FORM 990, PART XI, LINE 9 PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN -28,193 DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B 13,926 EMPLOYEE RETENTION CREDIT NETTED WITH PAYROLL TAXES -2,161,214 DIRECT FUNDRAISING EXPENSE REPORTED ON PART VIII, LINE 8B -13,926 EMPLOYEE RETENTION CREDIT NETTED WITH PAYROLL TAXES 2,161,214 PROVISION FOR BAD DEBTS EXPENSE INCLUDED IN REVENUE ON FIN 28,193