2021-11-12T08:36:24-06:00 2020-12-31 161131146 BONADIO & CO LLP 7936 SENECA TURNPIKE CLINTON NY 13323 990 2020-01-01 311727817 PRESWICK GLEN INC PRES 3157977500 172 CLINTON ROAD NEW HARTFORD NY 13413 CYNTHIA POHL CFO 3157977500 2021-11-10 1 CYNTHIA POHL 999009999 HEATHER LESSELS P00433206 3157977781 2021-11-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEREMY RUTTER 172 CLINTON ROAD NEW HARTFORD NY 13413 4821198 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. 14 14 65 14 0 0 100 30 4783420 4761528 2022 8005 62270 51635 4847812 4821198 0 0 0 0 1102646 1116838 0 0 0 3151054 3212798 4253700 4329636 594112 491562 12915000 13381827 19431376 19506439 -6516376 -6124612 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 3587918 4820663 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. 117 UNITS IN TOTAL WERE LEASED AND FULLY OCCUPIED AT THE END OF THE YEAR. 3587918 1 0 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 15 0 1 65 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 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 GEORGE J BURKE JR VICE CHAIRMAN 0.20 1.00 X X 0 0 0 GREGORY MAY TREASURER 0.20 1.00 X X 0 0 0 JAY WILLIAMS SECRETARY 0.20 1.00 X X 0 0 0 MARIE ABRAHAM DIRECTOR 0.20 1.00 X 0 0 0 JULIANNE BREEN DIRECTOR 0.20 1.00 X 0 0 0 ROGER BRESLOW DIRECTOR 0.20 1.00 X 0 0 0 STEVEN CRANE 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 ROBERT OHMANN DIRECTOR 0.20 1.00 X 0 0 0 RICK RIGGLE DIRECTOR 0.20 1.00 X 0 0 0 PHIL WILLIAMS DIRECTOR 0.20 1.00 X 0 0 0 ROGER WILLIAMS DIRECTOR 0.20 1.00 X 0 0 0 MICHAEL SWEENEY CEO 5.00 32.50 X 0 244575 34972 ROXANNE COTTER FORMER CFO 1.00 36.50 X 0 125633 3683 CYNTHIA POHL CURRENT CFO 1.00 36.50 X 0 8000 0 ROBERT MOREHOUSE CIO 1.00 36.50 X 0 123494 2461 CORINA CHRYSTIE VP OF HR 1.00 36.50 X 0 106166 2173 0 607868 43289 0 0 1 0 SODEXO INC & AFFILIATES PO BOX 260170 PITTSBURGH PA 15251 FOOD MANAGEMENT 479657 1 30 30 RENTAL INCOME 532000 4413363 4413363 RESIDENT FEES 532000 348165 348165 4761528 505 505 7500 0 7500 7500 7500 MEALS 722210 43181 43181 MISCELLANEOUS REVENUE 900099 5512 5512 INSURANCE PROCEEDS 900099 2942 2942 51635 4821198 4820663 0 505 X 921227 816647 104580 6048 5361 687 118600 105136 13464 70963 62907 8056 222883 153789 69094 5216 5216 13375 13375 611918 422223 189695 205729 86406 119323 134649 73740 60909 880844 877321 3523 303107 154585 148522 525944 523840 2104 89310 88953 357 RESIDENT MOVE-IN INCENT 117788 117788 EVENTS AND ACTIVITIES 46249 46249 OTHER DIRECT EXPENSES 33697 33697 MARKETING 17239 17239 4850 2037 2813 4329636 3587918 741718 0 2102997 2627513 14045 24280 5778 5778 214032 225227 13153524 5477101 7892956 7676423 2685192 2822606 12915000 13381827 284894 550900 9199590 9213882 9946892 9741657 19431376 19506439 X -6517623 -6125913 1247 1301 -6516376 -6124612 12915000 13381827 X 491562 -99798 X X 0 1 X 1 0 X 12072 3330 7094 100 30 22626 4847597 4692833 4713930 4783420 4761528 23799308 4859669 4696163 4721024 4783520 4761558 23821934 0 0 0 23821934 4736 2700 613 895 505 9449 4736 2700 613 895 505 9449 4864405 4698863 4721637 4784415 4762063 23831383 0.99960 0.99940 0.00040 0.00060 X 8997415 2601439 6395976 1617296 1029850 587446 2277276 1662250 615026 261537 183562 77975 7676423 ASSETS HELD BY TRUSTEE 211319 RESIDENT DEPOSITS 2610086 INTEREST IN THE NET ASSETS OF PRESBYTERIAN HOMES FOUNDATION, INC. 1201 2822606 DUE TO AFFILIATES 438311 REFUNDABLE ENTRANCE FEES 9158342 INTEREST RATE SWAP LIABILITY 143789 ACCRUED MORTGAGE INTEREST PAYABLE 1215 9741657 4821252 54 54 4821198 0 4821198 4429488 99852 99852 4329636 0 4329636 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE 54. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP 99,852. 0 0 0 0 0 0 0 0 0 MICHAEL SWEENEY CEO 0 244575 0 0 0 0 0 4806 0 30166 0 279547 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. 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 422,223. MANAGEMENT AND GENERAL EXPENSES 189,695. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 611,918. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE 54. CHANGE IN VALUE OF INTEREST RATE SWAP -99,852. 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 THE LUTHERAN 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