2022-11-15T08:50:11-06:00 2021-12-31 161131146 BONADIO & CO LLP 7936 SENECA TURNPIKE CLINTON NY 13323 990 2021-01-01 311727817 PRESWICK GLEN INC PRES 3157977500 172 CLINTON ROAD NEW HARTFORD NY 13413 ANNE CONNOR CFO 3157977500 2022-11-08 1 ANNE CONNOR 999009999 HEATHER LESSELS P00433206 3157977781 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JEREMY RUTTER 172 CLINTON ROAD NEW HARTFORD NY 13413 5169123 0 X WWW.PRESWICKGLEN.COM X 2000 NY THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE. 12 12 71 12 0 0 30 181693 4761528 4915183 8005 -11191 51635 71765 4821198 5157450 0 0 0 0 1116838 1219571 0 0 0 3212798 3450468 4329636 4670039 491562 487411 13381827 14420546 19506439 19945035 -6124612 -5524489 THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND, AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE. 0 0 3764657 4986948 INDEPENDENT LIVING WHICH PROVIDES HOUSING, ACCESS TO HEALTH CARE, AND A NO-EVICTION POLICY TO RESIDENTS 60 YEARS OF AGE OR OLDER. FACILITY CONSISTS OF 84 INDEPENDENT LIVING APARTMENTS AND 40 INDEPENDENT LIVING COTTAGES THAT ARE LEASED AND RENEWED ON A YEARLY BASIS. 121 UNITS IN TOTAL WERE LEASED AND FULLY OCCUPIED AT THE END OF THE YEAR. 3764657 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 16 0 1 71 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X PRESWICK GLEN INC 3158535515 172 CLINTON ROAD NEW HARTFORD NY 13413 LINDA VOCE CHAIRPERSON 0.20 1.00 X X 0 0 0 JAY WILLIAMS VICE CHAIRMAN 0.20 1.00 X X 0 0 0 JERRY BURKE TREASURER 0.20 1.00 X X 0 0 0 JULIANNE BREEN SECRETARY 0.20 1.00 X X 0 0 0 MARIE ABRAHAM DIRECTOR 0.20 1.00 X 0 0 0 ROGER BRESLOW DIRECTOR 0.20 1.00 X 0 0 0 JEFF KANE DIRECTOR 0.20 1.00 X 0 0 0 DEBORAH MILLS DIRECTOR 0.20 1.00 X 0 0 0 PATRICIA PITCHER DIRECTOR 0.20 1.00 X 0 0 0 RICK RIGGLE DIRECTOR 0.20 1.00 X 0 0 0 ROGER WILLIAMS DIRECTOR 0.20 1.00 X 0 0 0 BURT OHMANN DIRECTOR 0.20 1.00 X 0 0 0 MICHAEL SWEENEY FORMER CEO 5.00 32.50 X 0 269198 20313 CYNTHIA POHL CFO 1.00 36.50 X 0 161181 8127 JEREMY RUTTER CEO 5.00 32.50 X 0 47918 0 CORINA CHRYSTIE VP OF HR 1.00 39.00 X 0 117641 9637 ROBERT MOREHOUSE CIO 1.00 39.00 X 0 136232 2719 0 732170 40796 0 0 1 0 SODEXO INC & AFFILIATES PO BOX 260170 PITTSBURGH PA 15251 FOOD MANAGEMENT 505808 1 181693 181693 RENTAL INCOME 532000 4582681 4582681 RESIDENT FEES 532000 332502 332502 4915183 482 482 11673 -11673 -11673 -11673 MEALS 532000 40513 40513 MISCELLANEOUS REVENUE 999999 31252 31252 71765 5157450 4986948 0 -11191 X 1005993 863044 142949 6879 5902 977 132269 113474 18795 74430 63854 10576 231720 159887 71833 2505 2505 12600 12600 689200 273302 415898 241115 91624 149491 150789 138726 12063 917389 914453 2936 301101 300137 964 532943 531238 1705 95973 95666 307 RESIDENT MOVE-IN INCENT 115830 115830 OTHER DIRECT EXPENSES 95226 36186 59040 EVENTS AND ACTIVITIES 59652 59652 DUES AND SUBSCRIPTIONS 4425 1682 2743 4670039 3764657 905382 0 2627513 2397565 24280 8616 5778 5778 225227 224484 13616962 5971995 7676423 7644967 2822606 4139136 13381827 14420546 493278 403938 9213882 8844789 9799279 10696308 19506439 19945035 X -6125913 -5530208 1301 5719 -6124612 -5524489 13381827 14420546 X 487411 112712 X X 0 1 X 1 0 X 3330 7094 100 30 181693 192247 4692833 4713930 4783420 4761528 4986948 23938659 4696163 4721024 4783520 4761558 5168641 24130906 0 0 0 24130906 2700 613 895 505 482 5195 2700 613 895 505 482 5195 4698863 4721637 4784415 4762063 5169123 24136101 0.99980 0.99960 0.00020 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8997415 2837598 6159817 1836126 1156795 679331 2488527 1776946 711581 294894 200656 94238 7644967 ASSETS HELD BY TRUSTEE 217291 RESIDENT DEPOSITS 3916226 INTEREST IN THE NET ASSETS OF PRESBYTERIAN HOMES FOUNDATION, INC. 5619 4139136 DUE TO AFFILIATES 438426 REFUNDABLE ENTRANCE FEES 10187740 INTEREST RATE SWAP LIABILITY 35495 ACCRUED MORTGAGE INTEREST PAYABLE 1050 SECURITY DEPOSITS 33597 10696308 5270162 112712 112712 5157450 0 5157450 4670039 0 4670039 0 4670039 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE 4,418. CHANGE IN VALUE OF INTEREST RATE SWAP 108,294. 1 0 0 0 0 0 0 0 0 MICHAEL SWEENEY FORMER CEO 0 269198 0 0 0 0 0 4806 0 15507 0 289511 0 0 CYNTHIA POHL CFO 0 161181 0 0 0 0 0 0 0 8127 0 169308 0 0 PART I, LINE 3 THE RELATED ORGANIZATION PERFORMS AN ANNUAL REVIEW AND USES INDUSTRY AND COMPETITIVE SURVEYS TO ESTABLISH COMPENSATION FOR THE CEO. PART I, LINE 4A MICHAEL SWEENEY RECEIVED SEVERANCE PAY OF $19,231 DURING 2021 PAID BY A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE PARENT BOARD ELECTS MEMBERS TO THE PRESWICK BOARD ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS REVIEW THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS COMPLETE CONFLICT OF INTEREST STATEMENTS ANNUALLY. IF A CONFLICT IS NOTED, THE NON-INTERESTED MEMBERS VOTE ON HOW TO PROCESS WITH THE SITUATION AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION ANNUALLY DURING THE ANNUAL REVIEW OF THE CEO. THE BOARD USES INDUSTRY AND COMPETITIVE SURVEYS TO ESTABLISH COMPENSATION FOR THE CEO. THE CEO USES INDUSTRY AND COMPETITIVE SURVEY TO ESTABLISH THE COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADDRESS. THE 990 IS ALSO AVAILABLE ON THE INTERNET AT GUIDESTAR AND NYS WEBSITE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 273,302. MANAGEMENT AND GENERAL EXPENSES 415,898. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 689,200. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE 4,418. CHANGE IN VALUE OF INTEREST RATE SWAP 108,294. FORM 990, PART XII, LINE 2C PRESWICK GLEN'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. PRESBYTERIAN HOMES & SERVICES INC 4290 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 311572747 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) LINE 12A, I COMMUNITY WELLNESS PARTNERS INC 0 PRESBYTERIAN HOME FOR CENTRAL NEW YORK PO BOX 1144 4290 MIDDLE SETTLEMENT NEW HARTFORD NY 13413 160874414 NURSING HOME AND HEALTH SERVICES FOR THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 PRESBYTERIAN HOMES FOUNDATION INC PO BOX 854 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 133348349 RAISE FUNDS FOR PROGRAMS FOR THE ELDERLY NY 501(C)(3) LINE 7 PRESBYTERIAN HOMES & SERVICES INC 0 PRESBYTERIAN RESIDENTIAL COMMUNITY PO BOX 1144 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 223219259 PROVIDE HEALTH SERVICES TO THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 PRESWICK II INC PO BOX 1144 NEW HARTFORD NY 13413 311736275 PROVIDE ACCOMODATIONS TO THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 THE MEADOWS AT MIDDLE SETTLEMENT PO BOX 1144 4310 MIDDLE SETTLEMENT NEW HARTFORD NY 13413 161009798 PROVIDE LOW INCOME HOUSING FOR THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 PH&S PROPERTY MANAGEMENT INC 4290 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 161558576 HOLD TITLE TO PROPERTY FOR AFFILIATES NY 501(C)(2) PRESBYTERIAN HOMES & SERVICES INC 0 COMMUNITY WELLNESS PARTNERS INC 108 UTICA ROAD CLINTON NY 13323 161536239 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) LINE 12A, I N/A 0 LUTHERAN CARE CHARITABLE NETWORK INC 108 UTICA ROAD CLINTON NY 13323 264665274 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) LINE 12B, II COMMUNITY WELLNESS PARTNERS INC 0 KATHERINE LUTHER RESIDENTIAL HEALTH CARE & REHABILITATION CENTER INC 110 UTICA ROAD CLINTON NY 13323 208029261 NURSING HOME AND HEALTH SERVICES FOR THE ELDERLY NY 501(C)(3) LINE 10 LUTHERAN CARE CHARITABLE NETWORK INC 0 THE LUTHERAN HOME OF CENTRAL NEW YORK INC 108 UTICA ROAD CLINTON NY 13323 150543616 ADULT HOME NY 501(C)(3) LINE 10 LUTHERAN CARE CHARITABLE NETWORK INC 0 LUTHERAN HOMES MANAGEMENT SERVICES INC 108 UTICA ROAD CLINTON NY 13323 161381077 PROVIDE MANAGEMENT SERVICES TO AFFILIATES NY 501(C)(3) LINE 12B, II LUTHERAN CARE CHARITABLE NETWORK INC 0 LUTHERAN HOMES FOUNDATION 108 UTICA ROAD CLINTON NY 13323 161181550 RAISE FUNDS FOR PROGRAMS FOR THE ELDERLY NY 501(C)(3) LINE 7 LUTHERAN CARE CHARITABLE NETWORK INC 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0