2022-11-11T11:53:26-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2021-01-01 566064186 THE PRESBYTERIAN HOME AT CHARLOTTE INC PRES 7045531670 5100 SHARON RD CHARLOTTE NC 28210 ANGELA RIGSBEE PRESIDENT AND CEO 7045531670 2022-11-10 1 ANGELA RIGSBEE 999009999 JOHN NORMAN P01506766 7049985200 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ANGELA RIGSBEE 5100 SHARON RD CHARLOTTE NC 28210 63948757 0 X HTTPS://SHARONTOWERS.ORG/ X 1969 NC WE ENRICH RESIDENTS' LIVES BY PROVIDIING A NURTURING ENVIRONMENT WITH JOY, PURPOSE, AND WELL-BEING 21 21 424 75 0 0 2186836 3060084 26500784 26380998 1638859 3124420 347874 372590 30674353 32938092 1322071 1426594 0 0 11721058 12472869 38723 0 165172 11709437 12186183 24791289 26085646 5883064 6852446 190422797 213857347 126255168 145253172 64167629 68604175 WE ENRICH THE LIVES OF THOSE WE SERVE BY PROVIDING A NURTURING ENVIRONMENT THAT FOSTERS JOY, PURPOSE, AND WELL-BEING. 0 0 25008660 1426594 26753588 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, 2021, CONTAINED 212 INDEPENDENT LIVING UNITS, 40 ASSISTED LIVING UNITS, AND A 96 BED HEALTH CARE CENTER (24 HEALTH CARE BEDS OUT OF SERVICE DURING CONSTRUCTION). 25008660 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 40 0 424 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X CHARLES R GASKINS 7045531670 5100 SHARON RD CHARLOTTE NC 28210 DOUGLAS K BRADLEY 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 SUSAN M GOODMAN 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 ROBERTA L HARPER 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 EDWARD S BOOHER DIRECTOR 1.00 X 0 0 0 VIRGINIA L KELLY DIRECTOR 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 RHONDA R MCCLAIN DIRECTOR 1.00 X 0 0 0 RICHARD D WILLIAMS DIRECTOR 1.00 X 0 0 0 RICHARD L NICHOLS CHAIR-ELECT 1.00 X 0 0 0 KATHERINE K RICHARDS DIRECTOR 1.00 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 ANNE MOFFAT EXEC DIRECTOR 40.00 X 323924 0 19088 CHARLES R GASKINS CFO 40.00 X 193933 0 17985 ANGELA RIGSBEE COO 40.00 X 195427 0 16246 MILTON MCGOWIAN VP RESIDENT SERVICES 40.00 X 107298 0 15004 CORY STEPANSKI DIRECTOR OF FACILITY SERVICES 40.00 X 112797 0 17609 ANN MARIE LADIS DIRECTOR OF MARKETING 40.00 X 119878 0 7598 ELIZABETH BYRD VP NURSING SERVICES 40.00 X 113285 0 10238 CHANEL JENKINS DIRECTOR OF TALENT DEVELOPMENT 40.00 X 102715 0 9976 OTIS AMERSON PROJECT MANAGER 40.00 X 109867 0 10096 1379124 0 123840 9 0 1 0 MESSER CONSTRUCTION 2400 EXECUTIVE STREET CHARLOTTE NC 28208 CONSTRUCTION 30466927 ROSS ALLEN BUILDERS 8260-1200 PROVIDENCE ROAD 384 CHARLOTTE NC 28210 CONSTRUCTION 2072697 US FOOD SERVICE PO BOX 602286 CHARLOTTE NC 28260 FOOD SERVICE 980895 HEALTHPRO HERITAGE 536 OLD HOWELL ROAD GREENVILLE NC 29615 THERAPY SERVICES 969983 GMK ASSOCIATES 1201 MAIN STREET SUITE 2100 COLUMBIA SC 29201 INTERIOR DESIGN 777265 5 1382253 1677831 208239 3060084 INDEPENDENT LIVING 623990 10064407 10064407 HEALTH CARE 623990 7462067 7462067 ENTRANCE FEES 623990 4836383 4836383 ASSISTED LIVING 623990 2397988 2397988 OTHER RESIDENT SERVICE 623990 1620153 1620153 26380998 808552 808552 33326533 28446136 2564529 4880397 -2564529 2315868 2315868 MISCELLANEOUS 623990 372590 372590 372590 32938092 26753588 0 3124420 573160 573160 853434 853434 9938354 9091708 770680 75966 193236 164566 26514 2156 1625527 1558903 54738 11886 715752 649186 59882 6684 292008 292008 395515 392771 2744 173000 173000 1000000 1000000 3525920 3525920 313459 313459 HOUSEKEEPING & MAINTENA 2229270 2227898 1372 HEALTH CARE SUPPLIES 1344984 1344984 FOOD & DIETARY 1301564 1301564 UTILITIES & COMMUNICATI 1034766 1032188 2578 575697 513911 61786 26085646 25008660 911814 165172 9209737 16318428 246498 186808 1079053 1174054 351730 419896 94696868 32790337 58395025 61906531 32807809 32271771 88332945 101579859 190422797 213857347 4171628 6226871 83563985 96761076 38519555 42265225 126255168 145253172 X 57544157 61023480 6623472 7580695 64167629 68604175 190422797 213857347 6852446 -2415900 0 X 0 1 X 1 0 X 932250 4108687 3929199 2186836 3060084 14217056 21853855 24481826 26840235 26500784 26753588 126430288 22786105 28590513 30769434 28687620 29813672 140647344 336833 336833 0 336833 336833 140310511 653017 755286 882152 787942 819642 3898039 653017 755286 882152 787942 819642 3898039 23439122 29345799 31651586 29475562 30633314 144545383 0.97070 0.97090 0.02700 0.02670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3032006 387526 387526 3032006 3032006 158873 158873 3032006 3032006 65368 65368 3032006 3032006 421347 421347 3032006 3032006 305241 305241 3032006 0 0 478558 478558 87264924 27421318 59843606 6953386 5369019 1584367 61906531 CIP 67587360 OTHER ASSETS 4000 NONCURRENT CONTRIBUTIONS RECEIVABLE 293935 ENTRANCE FEE ESCROW 4449734 CAPITAL CAMPAIGN FUND 3826343 HELD UNDER BOND AGREEMENTS 25418487 101579859 ACCRUED INTEREST PAYABLE 1760237 ACCRUED PAYROLL 679086 DEFERRED REVENUE 30720769 REFUNDABLE ENTRANCE FEES 9105133 42265225 X X 1 CAPITAL DEVELOPMENT SERVICES 915 W 4TH ST STE 100 WINSTON SALEM NC 27101 PLAN AND IMPLEMENT 2019 CAPITAL CAMPAIGN 0 0 0 0 NC 1 ALZHEIMER'S ASSOCIATION 4600 PARK ROAD SUITE250 CHARLOTTE NC 28209 561440727 501(C)(3) 165350 0 WALK TO END ALZHEIMER'S AND DEMENTIA EDUCATION UNC CHARLOTTE 9201 UNIVERSITY CITY BLVD CHARLOTTE NC 28223 560791228 115 111255 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) 100000 0 SUPPORT FOR A WIDE VARIETY OF SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND MENTAL DEFICITS AMERICA'S CHARITIES 14150 NEWBROOK DRIVE SUITE 110 CHANTILLY VA 20151 541517707 501(C)(3) 52000 0 EMPLOYEE HARDSHIP FUND FOR STAFF EXPERIENCING HARDSHIPS DUE TO COVID OR OTHER FINANCIAL DIFFICULTIES CRISIS ASSISTANCE 500-A SPRATT STREET CHARLOTTE NC 28206 541416719 501(C)(3) 25000 4486 FMV 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) 25000 0 SERVE HUMAN NEED MEMORY AND MOVEMENT 300 BILLINGSLEY ROAD SUITE 108 CHARLOTTE NC 28211 464329944 501(C)(3) 20000 0 COMPREHENSIVE CARE FOR MEMORY AND MOVEMENT DISORDERS REGARDLESS OF FINANCIAL SITUATION LAURELWOOD NEIGHBORHOOD ASSOCIATION 5100 SHARON ROAD CHARLOTTE NC 28210 999999999 OTHER 15000 0 THE LAURELWOOD NEIGHBORHOOD WILL MAINTAIN ITS IDENTITY AS A SAFE, TRANQUIL, UNPRETENTIOUS NEIGHBORHOOD BY ENHANCING ITS SENSE OF COMMUNITY AND PRESERVING ITS NATURAL ENVIRONMENT THROUGH COMMUNICATION AND INCLUSIVENESS. QUEENS UNIVERSITY 1900 SELWYN AVENUE CHARLOTTE NC 28274 560530003 501(C)(3) 15000 0 LEARNING SOCIETY PROGRAM SHEPHERD CENTER OF CHARLOTTE 3115 PROVIDENCE ROAD CHARLOTTE NC 28211 561271236 501(C)(3) 15000 0 LEARNING PROGRAMS TO SUPPORT AND ENRICH THE LIVES OF OLDER ADULTS 11 1 WAIVED ENTRANCE FEES AND SUBSIDIZED SERVICE FEES FOR RESIDENTS. 23 853434 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 2021. 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 0 0 0 1 0 0 0 1 0 ANNE MOFFAT EXEC DIRECTOR 264082 0 59842 0 0 0 9834 0 9254 0 343012 0 0 0 CHARLES R GASKINS CFO 181133 0 12800 0 0 0 6822 0 11163 0 211918 0 0 0 ANGELA RIGSBEE COO 182309 0 13118 0 0 0 6817 0 9429 0 211673 0 0 0 PART I, LINE 5 CEO, CFO, AND COO 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 COO 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 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2019-12-01 18000000 SEE PART VI 0 0 0 A 83995931 5269750 7977517 1616080 47920911 4890000 16321673 1 0 0 1 B 18000000 292113 135500 14907500 2664887 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 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. PART I, ISSUE B 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, AND TO PAY CERTAIN EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2019B BONDS. X 3 208239 STOCK PRICE DATE OF GIFT 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 ELECTS THE NEW MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B AFTER RECEIVING THE FORM 990 FROM OUR AUDITOR, IT IS REVIEW BY OUR CHIEF FINANICAL OFFICER AND 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 15 THE COMPANY DOES NOT HAVE AN EXTERNAL REVIEW, HOWEVER, THE EXECUTIVE COMMITTEE OF THE BOARD SERVES AS THE COMPENSATION COMMITTEE. THE COMMITTEE IS GIVEN A WAGE AND SALARY SURVEY CONDUCTED ANNUALLY BY THE LEADINGAGE NORTH CAROLINA AND THE HOSPITAL AND HEALTH CARE COMPENSATION SERVICE. THE SURVEY CONSISTS OF DATA FROM OTHER CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) IN NORTH CAROLINA, AS WELL AS DATA FOR THE ENTIRE COUNTRY. THE DELIBERATION AND DECISION IS THEN DOCUMENTED AND PLACED IN THE EXECUTIVE DIRECTOR'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 DIRECT TRANSFER