2022-11-14T15:52:11-06:00 2021-12-31 621804252 WATKINS UIBERALL PLLC 1661 AARON BRENNER DR STE 300 MEMPHIS TN 38120 990 2021-01-01 621106224 PSALMS INC PSAL 9013653665 3535 KIRBY PARKWAY MEMPHIS TN 38115 RUDOLF W HERZKE PRESIDENT 9013653665 2022-11-14 1 RUDOLF HERZKE 999009999 MICHAEL KENNEDY P01750940 9017612720 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KIRBY PINES RETIREMENT COMMUNITY RUDOLF W HERZKE 3535 KIRBY PARKWAY MEMPHIS TN 38115 28110235 0 X WWW.KIRBYPINES.COM X 1983 TN PSALMS, INC. D/B/A KIRBY PINES RETIREMENT COMMUNITY IS DEDICATED TO PROVIDING RESIDENTS WITH A QUALITY LIFESTYLE IN A QUALITY ENVIRNMENT, SUPPORTING THE CONCEPT OF CONTINUED INDEPENDENCE AS A PRIOITY IN THE LIFE CARE DECISION. 9 7 480 100 0 0 2128560 745690 31371916 27046913 414210 -199551 68846 178800 33983532 27771852 0 0 0 0 10322335 9295245 0 0 0 20388678 20641801 30711013 29937046 3272519 -2165194 77389222 74570809 91961929 90947507 -14572707 -16376698 PSALMS, INC. D/B/A KIRBY PINES RETIREMENT COMMUNITY IS DEDICATED TO PROVIDING RESIDENTS WITH A QUALITY LIFESTYLE IN A QUALITY ENVIRONMENT, SUPPORTING THE CONCEPT OF CONTINUED INDEPENDENCE AS A PRIOITY IN THE LIFE CARE DECISION. 0 0 13144287 20736356 INDEPENDENT LIVING IN APARTMENTS AND GARDEN HOMES 1716828 898673 ASSISTED LIVING CARE 8013857 5411884 LONG-TERM CARE 22874972 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 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 225 0 480 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 TN X MICHAEL KELLY 9017942598 6465 N QUAIL HOLLOW SUITE 400 MEMPHIS TN 38120 RUDOLF W HERZKE PRESIDENT 22.00 X X 52811 0 0 BERRY E TERRY SECRETARY/TREASURER 22.00 X X 12000 0 0 DR JAMES LATIMER CHAIRMAN 1.00 X X 0 0 0 LARRY BRAUGHTON DIRECTOR 1.00 X 0 0 0 JIM ETHRIDGE DIRECTOR 1.00 X 0 0 0 LINDA HARRINGTON DIRECTOR 1.00 X 0 0 0 MARY ANN HODGES DIRECTOR 1.00 X 0 0 0 RUSTY E LINKUS DIRECTOR 1.00 X 0 0 0 BOYD L RHODES JR DIRECTOR 1.00 X 0 0 0 ANNETTE M MARLAR DIRECTOR OF MEDICAL SERVIC 40.00 X 104614 0 0 ANNA R BRADFORD NURSING HOME/ASSISTED LIVI 40.00 X 107796 0 4654 277221 0 4654 2 0 0 0 PROFESSIONAL CONSTRUCTION SOLUTIONS LLC 128 BEVERLY DRIVE ATOKA TN 38004 CONSTRUCTION 1793351 RETIREMENT COMPANIES OF AMERICA LLC 6465 N QUAIL HOLLOW RD SUITE 400 MEMPHIS TN 38120 MANAGEMENT, RESALE & DEVELOPMENT FEES 1644871 SELECT REHABILITATION LLC PO BOX 71 CHICAGO IL 60694 THERAPY SERVICES 638695 FUNCTIONAL PATHWAYS OF TENNESSEE LLC 10133 SHERRILL BLVD SUITE 200 KNOXVILLE TN 37932 THERAPY SERVICES 473175 MAGNOLIA LANDSCAPING SERVICES LLC PO BPX 140222 MEMPHIS TN 38114 LANDSCAPING 337374 10 745690 745690 SERVICE FEES 623000 21706162 21706162 EARNED ENTRANCE FEES 623000 5340751 5340751 27046913 117548 117548 21284 338383 -317099 -317099 -317099 OTHER INCOME 722210 178800 178800 178800 27771852 26729814 0 296348 8240177 7431656 808521 423353 275061 148292 631715 555724 75991 1235531 1235531 115007 115007 117630 117630 2265059 739390 1525669 1143260 3967 1139293 713345 438945 274400 1783200 1741457 41743 10165 2818 7347 1858635 938994 919641 4050652 4028039 22613 1367717 668219 699498 DIETARY SUPPLIES 1276684 1276684 THERAPY EXPENSES 1245684 1245684 REPAIRS AND MAINTENANCE 895262 862720 32542 BAD DEBTS 616116 115275 500841 1947854 1314808 633046 29937046 22874972 7062074 0 3810357 463519 5969153 6002316 1866495 1571878 210827 224237 220673 243307 101674052 56274220 45054276 45399832 1014958 939940 249119 345896 387861 341026 18605503 19038858 77389222 74570809 4865426 5484749 32139743 33547792 23501904 22096290 31454856 29818676 91961929 90947507 X -14572707 -16376698 -14572707 -16376698 77389222 74570809 X -2165194 219336 141867 X X 0 1 X 1 0 X 2128560 745690 2874250 29753473 28959445 29764792 31378289 26729814 146585813 44041 14329 59097 68846 178800 365113 29797514 28973774 29823889 33575695 27654304 149825176 0 0 0 149825176 368287 393609 316762 407837 117548 1604043 368287 393609 316762 407837 117548 1604043 30165801 29367383 30140651 33983532 27771852 151429219 0.98940 0.98820 0.01060 0.01180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1249097 1249097 57305225 39003268 18301957 29685416 9909078 19776338 4429917 3515712 914205 9004397 3846162 5158235 45399832 ACCRUED INTEREST INCOME 17625 ASSETS WHOSE USE IS LIMITED 10183563 CASH VALUE LIFE INSURANCE 2465061 WAIT LIST DEPOSITS 6454516 LAND HELD FOR SALE 136243 BUSINESS DAMAGE CLAIMS -218150 19038858 WAIT LIST DEPOSITS 11908232 REFUNDABLE FEES 17376676 REFUNDABLE ENTRANCE FEES 403061 INTEREST RATE SWAP LIABILITY 130707 29818676 28133055 219336 141867 361203 27771852 0 27771852 29937046 0 29937046 0 29937046 PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 141,867. X 0 0 0 0 0 0 0 0 0 JIMMY LATIMER BOARD MEMBER 14685 DISCOUNT ON ENTRANCE FEE/MAINTENANCE SVC FEE BERRY TERRY BOARD MEMBER 14169 DISCOUNT ON ENTRANCE FEE/MAINTENANCE SVC FEE DON JOHNSON CHAPLAIN 5759 DISCOUNT ON ENTRANCE FEE/MAINTENANCE SVC FEE BOYD RHODES BOARD MEMBER 16284 DISCOUNT ON ENTRANCE FEE/MAINTENANCE SVC FEE RICHARD COONS BOARD MEMBER 3193 DISCOUNT ON ENTRANCE FEE/MAINTENANCE SVC FEE WATER PRO OWNER IS KURT HERZKE; SON OF PRESIDENT RUDY HERZKE 2400 INSTALLATION/MAINTENANCE OF IRRIGATION SYSTEM 0 CHARLIE S TRAMMELL JR PRESIDENT AND OWNER OF RCA, LLC. MANAGAEMENT CO. 17750 BONUS 0 CHRISTIE'S COIFFURES OWNER ALSO OWNS MANAGEMENT COMPANY 154963 PASSTHROUGH PAYMENTS FOR SALON COLLECTIONS 0 MICHELLE T VINCENT SR. VP OF RCA 8144 BONUS AND EXPENSE REIMBURSEMENT 0 RUDY HERZKE PRESIDENT OF PSALMS INC. 3912 EXPENSE REIMBURSMENT 0 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DUTIES ARE PERFORMED BY RETIREMENT COMPANIES OF AMERICA, LLC, AND ITS EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT IS INVOLVED THROUGHOUT THE PREPARATION OF THE 990. MANAGEMENT THEN REVIEWS THE 990 AND PROVIDES A COPY TO THE BOARD OF DIRECTORS VIA EMAIL FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DICLOSURES FROM THE VOTING BOARD MEMBERS, OFFICERS, AND CHARLES S. TRAMMELL JR. ARE REQUIRED ON AN ANNUAL BASIS AND ARE REVIEWED BY OUTSIDE COUNCIL. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT CONSULTANT IS HIRED TO PERFORM A COMPARABILITY ANALYSIS WHICH IS THEN REVIEWED BY OUTSIDE COUNCIL AND APPROVED BY INDEPENDENT BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 ALL APPLICABLE POLICIES ARE AVAILABLE UPON REQUEST TO THE MANAGEMENT COMPANY. FORM 990, PART XI, LINE 9: INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 141,867. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LUKE INC 2171 JUDICIAL DR SUITE 215 GERMANTOWN TN 38138 203524338 DEVELOPMENT STAGE RETIREMENT COMMUNITY TN 501(C)(3) 509(A)(2) 0 KIRBY PINES FOUNDATION 3535 KIRBY RD MEMPHIS TN 38115 621532380 FUNDRAISING TO ASSIST RETIREMENT COMMUNITY RESIDENTS TN 501(C)(3) 509(A)(2) 0 THE PATMOS GROUP 2171 JUDICIAL DR SUITE 215 GERMANTOWN TN 38138 203817574 INACTIVE HOLDING COMPANY OF LUKE, INC. TN 501(C)(3) 509(A)(2) 0 RETIREMENT COMPANIES OF AMERICA 6465 N QUAIL HOLLOW RD MEMPHIS TN 38120 582519982 PROFESSIONAL DEVELOPMENT, MARKETING AND MANAGEMENT COMPANY TN 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 RETIREMENT COMPANIES OF AMERICA M 2009576 CASH VALUE RETIREMENT COMPANIES OF AMERICA P 1337215 CASH VALUE RETIREMENT COMPANIES OF AMERICA E 1327806 CASH VALUE LUKE INC E 47197 CASH VALUE KIRBY PINES FOUNDATION D 408301 CASH VALUE