2021-03-10T13:41:03-06:00 2020-04-30 BKD LLP 2700 Post Oak Blvd Ste 1500 HOUSTON TX 77056 990 2019-05-01 720428013 The Glen Retirement System % MARIE DAVIS GLEN 3187983500 403 E Flournoy Lucas Rd Shreveport LA 71115 MARIE DAVIS CFO 3187983500 2020-09-15 true Amanda Maya P01067777 7134994600 2019 2022-09-23 18:48:47Z DEBRA WILLIAMS 403 E FLOURNOY LUCAS RD SHREVEPORT LA 71115 17182288 false X WWW.THEGLENSYSTEM.ORG X 1898 LA THE MISSION OF THE GLEN RETIREMENT SYSTEM IS TO ENRICH THE LIVES OF OLDER PEOPLE THROUGH HOUSING, HEALTHCARE AND SERVICES. 17 17 296 81 0 0 79787 112588 14418614 14781725 730019 414263 57156 282629 15285576 15591205 0 2000 0 0 7869716 8298407 0 0 0 7702900 7825701 15572616 16126108 -287040 -534903 30163972 68331562 13054216 51957913 17109756 16373649 THE MISSION OF THE GLEN RETIREMENT SYSTEM IS TO ENRICH THE LIVES OF OLDER PEOPLE THROUGH HOUSING, HEALTHCARE AND SERVICES. THIS MISSION IS ACCOMPLISHED BY DEDICATED COMMUNITY VOLUNTEERS AND COMPASSIONATE PROFESSIONALS WITH COMMITMENT, VISION AND LEADERSHIP. false false 1561484 1559870 MEMORY CARE ASSISTED LIVING IN TWO SECURED BUILDINGS WITH A HOME LIKE ENVIRONMENT AND ACTIVITIES GEARED FOR THOSE OVER 65 WITH MEMORY LOSS. 30 APARTMENTS WITH AN AVERAGE OCCUPANCY OF 90% PROVIDING 9,977 DAYS OF CARE IN FISCAL YEAR ENDING 4/30/20. 2459782 3097978 INDEPENDENT LIVING / ASSISTED LIVING RENTAL UNITS FOR THOSE 65 OR OLDER TO LIVE COMFORTABLY WITH THE OPTION TO ADD SERVICES AS CARE LEVEL CHANGES. 100 APARTMENTS WITH AN AVERAGE OCCUPANCY OF 97% PROVIDING 37,557 DAYS OF CARE IN FISCAL YEAR ENDING 4/30/20. 9068298 10193014 SKILLED NURSING FACILITY LICENSED FOR 126 BEDS, MEDICARE AND MEDICAID CERTIFIED. DESIGNED WITH 5 HOUSEHOLDS WITH TOTAL OF 125 ACTIVE BEDS TO PROVIDE A NURTURING ENVIRONMENT. AN AVERAGE OCCUPANCY OF 90% WITH A PAYOR MIX OF 44% PRIVATE PAY, 41% MEDICAID,AND 15% MEDICARE PROVIDING 40,820 PATIENT DAYS IN FISCAL YEAR ENDING 4/30/20. 13089564 true true false false false false false false false false true false false false true false true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 54 0 true 296 true false false false false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true true false LA X X MARIE DAVIS 3187983500 403 EAST FLOURNOY LUCAS ROAD SHREVEPORT LA 71115 X DEBRA WILLIAMS PRESIDENT & CEO 40.0 0.0 X 143325 0 840 MICHELLE GREER ADMINISTRATOR, VILLAGE HEALTH 40.0 0.0 X 110786 0 845 MARIE DAVIS CHIEF FINANCIAL OFFICER 40.0 0.0 X 109277 0 735 RHONDA ANGLIN CHAIRMAN OF THE BOARD 2.0 0.0 X X 0 0 0 CONNIE POSNER 1ST VICE CHAIRMAN 2.0 0.0 X X 0 0 0 SUSAN ADAMS 2ND VICE CHAIRMAN 2.0 0.0 X X 0 0 0 SYLVIA ADAMS TREASURER 2.0 0.0 X X 0 0 0 MARTI WESTMORELAND SECRETARY 2.0 0.0 X X 0 0 0 NANETTE BEACH DIRECTOR 2.0 0.0 X 0 0 0 ELLI BLAYLOCK DIRECTOR 2.0 0.0 X 0 0 0 BETSY BOZE DIRECTOR 2.0 0.0 X 0 0 0 LINDA BUNDRICK DIRECTOR 2.0 0.0 X 0 0 0 ANN CONRAD-FALTER DIRECTOR 2.0 0.0 X 0 0 0 KYLE DOBBINS DIRECTOR 2.0 0.0 X 0 0 0 MARISSA HILL DIRECTOR 2.0 0.0 X 0 0 0 MARY JO KAYSER DIRECTOR 2.0 0.0 X 0 0 0 MARLA SIMMONS DIRECTOR 2.0 0.0 X 0 0 0 CAROLYN TILLMAN DIRECTOR 2.0 0.0 X 0 0 0 DIANNE WINNINGHAM DIRECTOR 2.0 0.0 X 0 0 0 VIRGINIA ISRAEL DIRECTOR 2.0 0.0 X 0 0 0 363388 0 2420 3 false false false HORD COPLAN MACHT INC 700 EAST PRATT STREET STE 1200 BALTIMORE MD 21202 ARCHITECTURAL SVCS 945059 THE SUMMIT HEALTH REHAB SERVICES PO BOX 69268 BALTIMORE MD 21264 THERAPY SERVICES 793877 ELITE HEALTH SOLUTIONS 7591 FERN AVENUE STE 1602 SHREVEPORT LA 71105 NURSING SERVICES 315613 RETIREMENT DYNAMICS PO BOX 667986 CHARLOTTE NC 28266 CONSULTING-MARKETING 218987 ARI C/O CENTRAL NATL BANK 800 SE QUIN TOPEKA KS 66612 CONSULTING-FINANCIAL 132839 7 112588 112588 Resident Revenue 623000 14781725 14781725 14781725 247662 247662 0 0 1988 1988 0 1988 1988 1743053 2000 1492803 85649 250250 -83649 166601 -83649 250250 0 0 0 0 0 0 14832 12631 2201 2201 Resident Meal Revenue 623000 37323 37323 Resident Housekeeping Revenue 623000 11690 11690 Provider relief funds 623000 211504 211504 17923 17923 278440 15591205 14767213 711404 0 2000 2000 0 0 254177 217771 36406 0 6885592 5899531 986061 24340 15224 9116 604221 515306 88915 530077 450969 79108 32000 32000 62038 62038 139690 139690 0 0 0 889860 584703 305157 84052 84052 305338 198908 106430 0 0 823251 774075 49176 35589 34420 1169 0 51331 17424 33907 575214 575214 0 1331602 1172294 159308 206581 205849 732 Medical Supplies 1092373 1092373 Maintenance & Repairs 451573 282953 168620 Dietary Expenses 926794 926794 Provider Fees 493106 493106 325309 205864 119445 16126108 13089564 3036544 0 1962961 3397070 810513 767000 0 0 806680 801502 0 0 0 0 0 0 40505 46849 200664 282515 40996552 20643064 16399128 20353488 9943521 42228597 0 0 0 0 0 454541 0 0 30163972 68331562 1381485 2312246 0 0 0 84942 0 46994394 0 0 0 0 11307460 0 0 0 365271 2566331 13054216 51957913 X 17109756 16373649 0 0 17109756 16373649 30163972 68331562 X -534903 -781943 621592 -40853 X false true X true false X 192772 112368 83133 79787 112588 580648 13358883 13621239 14083361 14491590 14863493 70418566 0 0 0 13551655 13733607 14166494 14571377 14976081 70999214 9609 8775 4679 106934 7916 137913 3715348 4174997 4405502 2476064 2431676 17203587 3724957 4183772 4410181 2582998 2439592 17341500 53657714 366570 339605 222151 244602 249650 1422578 0 366570 339605 222151 244602 249650 1422578 0 211504 211504 13918225 14073212 14388645 14815979 15437235 72633296 0.73875 0.70844 0.01959 0.02180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2080680 2080680 29216143 17352782 11863361 4813636 3290282 1523354 4886093 4886093 20353488 0 Interest Payable 966321 Refundable advance 1600010 2566331 14892911 -781943 83649 -698294 15591205 15591205 16209757 83649 83649 16126108 16126108 SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED STATEMENTS WITH REVENUE PER 990 OTHER CHANGES: LOSS FROM DISPOSAL OF PROPERTY INCLUDED IN EXPENSES ON AUDIT $83,649 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSE PER AUDITED STATEMENTS WITH EXPENSE PER 990 OTHER CHANGES: LOSS FROM DISPOSAL OF PROPERTY INCLUDED IN REVENUE ON RETURN $83,649 A LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE 721416168 54628DAL4 2019-12-04 44685000 LOANED TO THE GLEN RETIREMENT SYST false false false A 7996258 0 45918756 2658500 2417144 0 904104 0 0 31819690 123060 0 false false false true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A true FORM 990, PART VI, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD, FIRST VICE-CHAIR, SECOND VICE-CHAIR, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD TO THE EXTENT AND WITH THE SAME EFFECT AS THOUGH SUCH ACTION HAD BEEN TAKEN BY THE BOARD OF DIRECTORS. THREE (3) MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION ENGAGES AN OUTSIDE ACCOUNTING FIRM TO PREPARE FORM 990. ONCE PREPARED, THE GOVERNING BOARD REVIEWS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND OFFICERS PERFORM A PERIODIC REVIEW OF PROCEDURES IN ORDER TO ENFORCE COMPLIANCE WITH THE ORGANIZATION'S POLICIES. FORM 990, PART VI, SECTION B, LINES 15A & 15B IN 2019 THE ORGANIZATION USES INDUSTRY DATA (CCRC SALARY AND BENEFITS REPORT, AND ROBERT HALF) AND DATA FROM LDOL TO DETERMINE SALARIES. THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S SALARY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 8 PRIOR PERIOD ADJUSTMENT DUE TO RESTATEMENT OF FINANCIAL STATEMENTS: THE ORGANIZATION'S RESTATED FINANCIAL STATEMENTS FOR THE YEAR ENDED APRIL 30, 2019 INCLUDED AN INCREASE TO FIXED ASSETS REPORTED ON THE 2018 (FY19) BALANCE SHEET AND A DECREASE TO THE IMPAIRMENT LOSS REPORTED ON THE 2018 (FY19) STATEMENT OF REVENUE IN THE AMOUNT OF $621,562. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: CHANGE IN INTEREST RATE SWAP $ (40,853)