2025-01-24T06:22:47-06:00 2024-03-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-04-01 232021541 PENNSWOOD VILLAGE PENN 2159689110 1382 NEWTOWN-LANGHORNE RD NEWTOWN PA 18940 TIM MCQUAID CFO 2159689110 2025-01-23 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-01-23 2023 2025-03-06 01:10:19Z DANIEL MURRAY 1382 NEWTOWN-LANGHORNE RD NEWTOWN PA 18940 46586664 0 X WWW.PENNSWOOD.ORG X 1976 PA PROVIDES RESIDENTIAL, HEALTH, AND COMMUNITY SERVICES FOR INDIVIDUALS AGE 65 AND OLDER. 12 12 488 47 0 0 899415 547897 33252672 35396857 1286875 4228860 448461 488213 35887423 40661827 1065714 998632 0 0 18136061 19382129 0 0 0 15621151 16701533 34822926 37082294 1064497 3579533 131543217 146470195 109858909 119480402 21684308 26989793 X PENNSWOOD VILLAGE, A CARING COMMUNITY GUIDED BY QUAKER PRINCIPLES AND TRADITIONS, LEADS THE WAY IN THE PROVISION OF RESIDENTIAL AND HEALTHCARE SERVICES TO THOSE AGE 65 AND OLDER. 0 0 30869295 998632 35396857 PENNSWOOD VILLAGE BEGAN OPERATIONS IN JUNE 1980 WITH THE PURPOSE OF PROVIDING A CONTINUUM OF RESIDENTIAL, HEALTH CARE, WELLNESS, SOCIAL, AND COMMUNITY-BASED SERVICES AND PROGRAMS FOR THOSE PERSONS AGE 65 AND OLDER. PENNSWOOD VILLAGE OFFERS ACCOMMODATIONS OF 331 RESIDENTIAL LIVING APARTMENTS OF VARYING SIZES, 37 PERSONAL CARE APARTMENTS WITH 41 LICENSES AND 53 MEDICARE SKILLED NURSING BEDS THAT MEET THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF RESIDENTS REQUIRING THESE HIGHER LEVELS OF CARE.RESIDENT CENTERED CARE IS PARAMOUNT TO PENNSWOOD VILLAGE'S MISSION. SERVICES INCLUDE AN ON-SITE PHYSICIAN'S OFFICE STAFFED BY CONTRACTED PHYSICIANS, STAFF NURSE PRACTITIONERS, AND NURSING STAFF. APPROXIMATELY 13,000 VISITS ARE SEEN BY THIS OFFICE ANNUALLY. OTHER OUT-PATIENT SERVICES INCLUDE PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPIES, MEDICATION MANAGEMENT, SOCIAL WORK SERVICES, HEALTH AND WELLNESS PROGRAMS INCLUDING LAND FITNESS AND AQUATICS PROGRAMS AS WELL AS DIETARY COUNSELING AND MATTERS OF PUBLIC HEALTH CONCERN. STAFF ALSO PROVIDE AT HOME CARE TO PENNSWOOD RESIDENTS WHO MAY REQUIRE OR BENEFIT FROM SUCH SERVICES, YET DO NOT REQUIRE A HIGHER LEVEL OF INPATIENT SERVICES. HOME VISITS BY REGISTERED NURSES AND LICENSED PRACTICAL NURSES ARE APPROXIMATELY 26,000. PENNSWOOD VILLAGE DOES NOT BILL THE RESIDENTS OR MEDICARE FOR THIS SERVICE. THE STAFF PROVIDES A MYRIAD OF SERVICES SUCH AS DRESSING CHANGES, MEDICATION ADMINISTRATION, AND ASSESSMENT WHEN DISCHARGED FROM THE NURSING HOME, ASSISTED LIVING FACILITY OR HOSPITAL AND PAIN MANAGEMENT. RESIDENTS WHO REQUIRE MANAGEMENT AND OBSERVATION BECAUSE THEY ARE DETERIORATING MENTALLY AND PHYSICALLY ARE ALSO SEEN ON A REGULAR BASIS. THE PROGRAM IS A VALUABLE PART OF THE HEALTH CARE SYSTEM AS IT ASSISTS THE RESIDENT TO REMAIN INDEPENDENT AS LONG AS POSSIBLE. RESIDENTS ARE ADMITTED TO THE COMMUNITY WITH CONSIDERATION GIVEN TO THEIR ABILITY TO PAY THE ESTABLISHED FEES THAT ARE BASED ON THE TYPE OF ACCOMMODATION OCCUPIED. HOWEVER, NO RESIDENT WILL BE ASKED TO LEAVE THE COMMUNITY FOR REASONS OF INABILITY TO PAY THE ESTABLISHED FEES WHEN THE INABILITY TO PAY IS NOT THEIR OWN FAULT. FINANCIAL ASSISTANCE TO THOSE IN NEED IS AVAILABLE AND FOR THE YEAR THAT ENDED MARCH 31, 2024, $217,890 WAS AWARDED TO 6 INDIVIDUALS. OVER THE LAST TEN YEARS ASSISTANCE TO RESIDENTS AMOUNTED TO APPROXIMATELY $3.73 MILLION. PENNSWOOD VILLAGE ALSO PROVIDES FINANCIAL ASSISTANCE TO THOSE WHO REQUEST SUPPORT TO PAY THE INITIAL ENTRY FEE. SINCE 2002, $516,656 HAS BEEN AWARDED FOR THIS PURPOSE. RESIDENTS OF PENNSWOOD VILLAGE ARE GENEROUS IN THEIR VOLUNTEER ACTIVITIES WITHIN THE COMMUNITY AND ALSO IN THE BROADER COMMUNITY AWAY FROM PENNSWOOD VILLAGE. THE HOURS OF VOLUNTARY SERVICE TYPICALLY EXCEED 5,000 ANNUALLY WITH OVER 200 RESIDENTS PARTICIPATING.PENNSWOOD VILLAGE HAS ACTIVELY SOUGHT TO SIGNIFICANTLY REDUCE OR ELIMINATE THE NEGATIVE IMPACT OF ITS BUILDINGS ON THE ENVIRONMENT AND IMPROVE THE QUALITY OF LIFE OF OUR RESIDENTS. THE ENVIRONMENTAL BENEFIT INCLUDES A REDUCTION OF NATURAL RESOURCES CONSUMED; ECONOMIC BENEFITS IMPROVE THE BOTTOM LINE AND REDUCE OPERATING COSTS TO ALLOW MORE DOLLARS TO BE REDIRECTED TO PROGRAMS AND SERVICES BENEFITTING SENIORS; THE HEALTH AND SAFETY BENEFIT ENHANCES RESIDENT COMFORT, HEALTH, AND QUALITY OF LIFE; AND THE COMMUNITY BENEFIT MINIMIZES THE STRAIN AND DEMANDS ON OUR LOCAL INFRASTRUCTURE.DINING SERVICES AT PENNSWOOD VILLAGE PROVIDES HOT AND COLD FOOD AND PACKAGING SUPPLIES FOR THE WOODSIDE MEALS PROGRAM. HIGHLY NUTRITIOUS HOT MEALS ARE PRODUCED DAILY FOR THIS PROGRAM AND PROVIDED AT COST TO WOODSIDE MEALS ON WHEELS. ALL THE PACKAGING SUPPLIES USED AND LABOR COST ASSOCIATED WITH THE MEALS ARE PROVIDED COMPLIMENTS OF PENNSWOOD VILLAGE. ON AVERAGE, THERE ARE 12,000 MEALS PREPARED ANNUALLY, WHICH EQUATES TO APPROXIMATELY 1,200 STAFF HOURS. TO SUPPORT THE SURROUNDING COMMUNITY, PENNSWOOD VILLAGE ALSO MAKES PAYMENTS IN LIEU OF TAXES (PILOT) TO THE LOCAL GOVERNMENT AND CONTRIBUTIONS TO LOCAL ORGANIZATIONS SUCH AS POLICE, FIRE AND EMS. THESE VOLUNTEER PAYMENTS AND CONTRIBUTIONS AMOUNT TO APPROXIMATELY $588,200 ANNUALLY. 30869295 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 68 0 488 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X TIM MCQUAID CFO 2159689110 1382 NEWTOWN-LANGHORNE ROAD NEWTOWN PA 189402401 JACLYN PARRY BOGERT CHAIR 1.50 0.00 X X 0 0 0 ELIZABETH FRITSCH VICE CHAIR 1.50 1.50 X X 0 0 0 DELIA BASS DANDRIDGE VICE CHAIR (TO 5/31/23) 1.50 1.50 X X 0 0 0 LANCE MERVINE TREASURER 1.50 1.50 X X 0 0 0 JEFF COGSHALL SECRETARY 1.50 0.00 X X 0 0 0 JULIANN BARTI DIRECTOR 1.50 0.00 X 0 0 0 MIKE COPPA DIRECTOR 1.50 0.00 X 0 0 0 IRENE LUMP DIRECTOR (TO 5/31/23) 1.50 0.00 X 0 0 0 CHARLES MACK DIRECTOR 1.50 0.00 X 0 0 0 KEVYN MALLOY DIRECTOR 1.50 0.00 X 0 0 0 LORNA STUART DIRECTOR 1.50 0.00 X 0 0 0 ELLIOT STROM DIRECTOR 1.50 0.00 X 0 0 0 INEZ BING DIRECTOR 1.50 0.00 X 0 0 0 MELISSA CARROLL DIRECTOR 1.50 0.00 X 0 0 0 TIM MCQUAID CHIEF FINANCIAL OFFICER 37.00 3.00 X 222540 0 36030 DANIEL MURRAY CHIEF EXECUTIVE OFFICER 37.00 3.00 X 313838 0 43657 THOMAS ATKINS CHIEF OPERATING OFFICER 37.00 3.00 X 218050 0 36852 PHILIP A PAGLIARO DIRECTOR OF MARKETING 40.00 0.00 X 162189 0 11923 RAGHAN ABOUASALEH COMMUNITY PHYSICIAN 18.00 0.00 X 158036 0 9471 MELISSA SPADACCINO DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 145846 0 36449 BRYANT POWELL DIRECTOR OF FACILITIES 40.00 0.00 X 138645 0 18482 JACK DEMPSEY DIRECTOR OF HEALTH SERVICES 40.00 0.00 X 143635 0 28072 1502779 0 220936 16 0 1 0 BENCHMARK CONSTRUCTION COMPANY INC 4121 OREGON PIKE BROWNSTOWN PA 17508 GENERAL CONTRACTOR 13749962 JH GREENE & SON INC 537 N YORK ROAD HATBORO PA 19040 GENERAL CONTRACTOR 1819806 BYRNE CONSTRUCTION INC 447 STANFIELD ROAD SPRINGFIELD PA 19064 GENERAL CONTRACTOR 463448 SELECT REHABILITATION LLC PO BOX 71985 CHICAGO IL 60694 REHABILITATION SERVICES 368300 SLIWINSKI FLOOR COVERING SVS INC 421 PIKE RD STE 4 HUNTINGDON VALLEY PA 19006 GENERAL CONTRACTOR 350252 21 547897 42429 547897 MONTHLY FEES 623000 22157768 22157768 AMORTIZATION OF ADVANCE FEES 623000 7073375 7073375 HEALTH SERVICES 623000 6165714 6165714 35396857 1678048 1678048 95303 11355 83948 83948 83948 8391288 7600 5848076 0 2543212 7600 2550812 2550812 94746 65406 29340 29340 BEAUTY SHOP 900099 114450 114450 GUEST ROOMS 900099 68420 68420 LAUNDRY 900099 67525 67525 124530 124530 374925 40661827 35396857 0 4717073 750749 750749 247883 247883 906693 136004 770689 14567500 12585724 1981776 495152 394093 101059 2288283 1669216 619067 1124501 939429 185072 35919 35919 77500 77500 2038 2038 135730 135730 2024856 1320423 704433 501176 501176 1007473 605812 401661 172636 42897 129739 2006324 2006324 81189 78860 2329 53499 10333 43166 1814234 1814234 6592115 6592115 363773 363773 DIETARY 1365753 1365753 MEDICAL SUPPLIES & DRUG 182195 182195 RESIDENT ACTIVITIES 81007 43801 37206 DUES AND SUBSCRIPTIONS 60541 26179 34362 143575 57271 86304 37082294 30869295 6212999 0 1868 1868 12144181 9594425 914238 492048 38084 27569 459225 481103 184916061 105409003 68891514 79507058 48681966 56036209 412141 329915 131543217 146470195 6055542 4040544 50147325 64801821 35212551 33525995 17070859 15829963 1372632 1282079 109858909 119480402 X 19363617 24334518 2320691 2655275 21684308 26989793 131543217 146470195 X 3579533 1745513 -19561 X 0 1 X 1 0 X 546636 1038274 622971 899415 547897 3655193 33216989 32733888 33103865 33252672 35396857 167704271 33763625 33772162 33726836 34152087 35944754 171359464 0 0 0 171359464 1275931 855884 910851 1250798 1773351 6066815 1275931 855884 910851 1250798 1773351 6066815 703043 696688 451754 415455 469671 2736611 35742599 35324734 35089441 35818340 38187776 180162890 0.95110 0.95620 0.03370 0.02940 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BAD DEBT - 2019 AMOUNT: $ 4,007. BEAUTY SHOP - 2019 AMOUNT: $ 193,732. 2020 AMOUNT: $ 90,013. 2021 AMOUNT: $ 144,784. 2022 AMOUNT: $ 139,315. 2023 AMOUNT: $ 114,450. DINING SERVICES - 2019 AMOUNT: $ 1,081. 2020 AMOUNT: $ 35,682. 2021 AMOUNT: $ 2,826. GROSS RECEIPTS ON INVENTORY - 2019 AMOUNT: $ 79,660. 2020 AMOUNT: $ 60,641. 2021 AMOUNT: $ 57,694. 2022 AMOUNT: $ 66,760. 2023 AMOUNT: $ 94,746. GUEST ROOMS - 2022 AMOUNT: $ 47,027. 2023 AMOUNT: $ 68,420. LAUNDRY - 2019 AMOUNT: $ 53,250. 2020 AMOUNT: $ 55,890. 2021 AMOUNT: $ 54,428. 2022 AMOUNT: $ 53,585. 2023 AMOUNT: $ 67,525. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 19,670. 2020 AMOUNT: $ 15,795. 2021 AMOUNT: $ 9,527. 2022 AMOUNT: $ 28,877. 2023 AMOUNT: $ 36,988. POSTAGE - 2019 AMOUNT: $ 28,215. 2020 AMOUNT: $ 33,757. 2021 AMOUNT: $ 26,911. 2022 AMOUNT: $ 26,694. 2023 AMOUNT: $ 26,666. REFUNDS - 2020 AMOUNT: $ 1,470. REPAIRS - 2019 AMOUNT: $ 43,025. 2020 AMOUNT: $ 17,479. 2021 AMOUNT: $ 27,254. 2022 AMOUNT: $ 10,223. 2023 AMOUNT: $ 28,794. VENDOR REBATES - 2019 AMOUNT: $ 200,743. 2020 AMOUNT: $ 325,320. 2021 AMOUNT: $ 70,636. 2022 AMOUNT: $ 42,974. 2023 AMOUNT: $ 32,082. VILLAGE STORE - 2019 AMOUNT: $ 79,660. 2020 AMOUNT: $ 60,641. 2021 AMOUNT: $ 57,694. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 2038 2038 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO NATIONAL (LEADINGAGE) AND STATE (LEADINGAGE PA) ASSOCIATIONS OF HOMES AND SERVICES FOR THE AGING. A PORTION OF THE ORGANIZATION'S DUES ARE USED FOR LOBBYING PURPOSES. THE $2,038 REPORTED AS LOBBYING EXPENDITURES IS THE PORTION OF DUES THAT WERE USED FOR LOBBYING PURPOSES. 307287 X 0 20685206 112749 2135912 22933867 21125208 734940 -1174942 20685206 20574436 87690 463082 21125208 15378765 179048 5016623 20574436 15354443 35521 -11199 15378765 0.98810 0.01190 0.00000 0 0 1289566 1289566 75508266 40110498 35397768 87354005 48510427 38843578 19725844 16129665 3596179 1038380 658413 379967 79507058 DEPOSITS FROM PROSPECTIVE RESIDENTS 1199737 ANNUITIES PAYABLE 82342 1282079 X 41880856 1745513 -530239 1215274 40665582 -3755 -3755 40661827 36575371 3755 3755 36571616 510678 510678 37082294 PART III, LINE 4: ARTWORK IS DISPLAYED IN PUBLIC SPACES WITHIN THE COMMUNITY. THESE ITEMS FURTHER PENNSWOOD'S MISSION BY PROVIDING OPPORTUNITIES FOR CONTINUING GROWTH AND WELL-BEING IN MIND, BODY, AND SPIRIT AND TO MAKE USE OF THE CULTURAL AND EDUCATIONAL ADVANTAGES OF ITS LOCATION. PART V, LINE 4: THE USES OF THE ENDOWED FUNDS ARE: A) SUPPORT OF GENERAL OPERATING EXPENSES OF THE COMMUNITY, B) FINANCIAL ASSISTANCE TO RESIDENTS, C) STAFF EDUCATIONAL ASSISTANCE, D) MAINTENANCE OF THE AQUATIC FACILITY. PART X, LINE 2: THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2024 OR 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: MONTHLY FEE ASSISTANCE -217,890. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -19,561. INVESTMENT FEES -135,730. TRANSFER TO AFFILIATE -157,058. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -11,355. GAIN ON SALE OF FIXED ASSET 7,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSE 11,355. GAIN ON SALE OF FIXED ASSET -7,600. PART XII, LINE 4B - OTHER ADJUSTMENTS: MONTHLY FEE ASSISTANCE 217,890. INVESTMENT FEES 135,730. GRANT TO AFFILIATE 157,058. 1 COUNTY OF BUCKS 55 EAST COURT STREET DOYLESTOWN PA 18901 STATE OF PA 92790 0 SUPPORT COUNTY INITIATIVES MIDDLETOWN TOWNSHIP 3 MUNICIPAL WAY LANGHORNE PA 19047 STATE OF PA 61007 0 SUPPORT TOWNSHIP INITIATIVES NESHAMINY SCHOOL DISTRICT 2001 OLD LINCOLN HIGHWAY LANGHORNE PA 19047 STATE OF PA 434394 0 SUPPORT DISTRICT INITIATIVES PENNSWOOD VILLAGE FOUNDATION 1382 NEWTOWN-LANGHORNE ROAD NEWTOWN PA 18940 830575873 501(C)(3) 157058 0 TO SUPPORT PENNSWOOD VILLAGE FOUNDATION OPERATION'S 4 0 ENTRY FEE ASSISTANCE AND SUBSIDIES FOR MONTHLY RESIDENT FEES BASED UPON FINANCIAL NEED 6 217890 SCHOLARSHIP ASSISTANCE FOR ELIGIBLE EMPLOYEES 17 29993 PART I, LINE 2: ASSISTANCE TO ENTITIES: GRANTS TO LOCAL GOVERNMENT UNITS ARE PAYMENTS IN LIEU OF TAXES WHICH ARE VOLUNTARY PAYMENTS MADE BY THE ORGANIZATION TO LOCAL GOVERNMENTS IN SUPPORT OF THEIR PROGRAMS. THE ORGANIZATION ALSO CONTRIBUTES TO LOCAL ORGANIZATIONS AS A MEASURE OF COMMUNITY GOOD WILL. ALL ORGANIZATIONS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER TO ENSURE THEY ARE NON-PROFITS IN GOOD STANDING. AS THE DONATIONS ARE SMALL, NO ADDITIONAL MONITORING IS CONSIDERED NECESSARY. THE ORGANIZATION MAY ALSO PROVIDE FUNDS TO RELATED ORGANIZATIONS. THE RELATED ORGANIZATIONS SHARE A COMMON ACCOUNTING SYSTEM AS THE FILING ORGANIZATION AND NO FURTHER MONITORING OF FUNDS IS CONSIDERED NECESSARY. ASSISTANCE TO INDIVIDUALS: RESIDENTS OR THEIR POWER OF ATTORNEY MAY APPROACH THE CHIEF EXECUTIVE OFFICER OR THE CHIEF FINANCIAL OFFICER ABOUT THE NEED FOR FINANCIAL ASSISTANCE. THE INTERESTED PARTY IS ASKED TO PROVIDE FINANCIAL SUPPORTING DOCUMENTS WHICH MAY INCLUDE THREE YEARS OF TAX RETURNS, CURRENT BANK STATEMENTS, CURRENT INVESTMENT STATEMENTS, AND OTHER DOCUMENTATION WHICH MAY BE NECESSARY TO DETERMINE A RESIDENT'S FINANCIAL NEED. THE CHIEF FINANCIAL OFFICER WILL THEN ANALYZE THE RESIDENT'S FINANCIAL NEED UTILIZING LIFE EXPECTANCY, SUPPORTING FINANCIAL DOCUMENTS, AND PROJECTED EXPENSES. USING THE ANALYZED DATA THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER WILL MAKE A DETERMINATION ABOUT THE NEED FOR ASSISTANCE AND THE AMOUNT TO BE GIVEN. A LETTER IS THEN PROVIDED TO THE RESIDENT AND/OR POWER OF ATTORNEY WHICH IDENTIFIES THE DECISION MADE FOR THE ASSISTANCE AND, WHEN APPROPRIATE, THE AMOUNT BEING PROVIDED. ON A MONTHLY BASIS THE CHIEF FINANCIAL OFFICER PROVIDES A LIST TO THE BILLING COORDINATOR SO THAT THE APPROPRIATE AMOUNT CAN BE CREDITED TO THE RESIDENT'S BILL. ON AN ANNUAL BASIS THE CHIEF FINANCIAL OFFICER REVIEWS THE FINANCIAL POSITION OF THE RESIDENT AND MAY DETERMINE IF AN INCREASE IN SUPPORT IS NECESSARY. MATTERS PERTAINING TO FINANCIAL ASSISTANCE TO RESIDENTS ARE KEPT CONFIDENTIAL. X X X X X 0 0 0 0 0 0 0 0 0 DANIEL MURRAY CHIEF EXECUTIVE OFFICER 313838 0 0 0 0 0 18215 0 25442 0 357495 0 0 0 TIM MCQUAID CHIEF FINANCIAL OFFICER 222540 0 0 0 0 0 12493 0 23537 0 258570 0 0 0 THOMAS ATKINS CHIEF OPERATING OFFICER 218050 0 0 0 0 0 12979 0 23873 0 254902 0 0 0 MELISSA SPADACCINO DIRECTOR OF HUMAN RESOURCES 145846 0 0 0 0 0 9422 0 27027 0 182295 0 0 0 PHILIP A PAGLIARO DIRECTOR OF MARKETING 162189 0 0 0 0 0 9715 0 2208 0 174112 0 0 0 JACK DEMPSEY DIRECTOR OF HEALTH SERVICES 143635 0 0 0 0 0 1513 0 26559 0 171707 0 0 0 RAGHAN ABOUASALEH COMMUNITY PHYSICIAN 158036 0 0 0 0 0 9471 0 0 0 167507 0 0 0 BRYANT POWELL DIRECTOR OF FACILITIES 138645 0 0 0 0 0 1432 0 17050 0 157127 0 0 0 A BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232174016 118612MV9 2018-07-24 38331233 CURRENT REFUNDING OF PENNSWOOD VILLAGE 2013 VARIABLE BOND 0 0 0 A 6986233 38331223 619824 116399 37595000 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 4 42429 NYSE 0 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD ESTABLISHED AN EXECUTIVE COMMITTEE THAT MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD BETWEEN BOARD MEETINGS, EXCEPT IT SHALL NOT HAVE ANY POWER OR AUTHORITY AS TO THE FOLLOWING: (A) THE FILLING OF VACANCIES ON THE BOARD, (B) THE ADOPTION, AMENDMENT OR REPEAL OF THE BYLAWS, (C) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD, (D) ACTION ON MATTERS COMMITTED BY THE BYLAWS OR BY RESOLUTION OF THE BOARD TO ANOTHER COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE-CHAIR, SECRETARY AND TWO OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THEN THE ORGANIZATION'S FINANCE COMMITTEE RECEIVES A DRAFT COPY FOR REVIEW PRIOR TO FILING. THE ORGANIZATION'S FULL BOARD WILL RECEIVE A COPY OF THE FORM 990 BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD MEMBERS AND MANAGEMENT STAFF RECEIVE COPIES OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST THAT MAY EXIST. THIS WOULD INCLUDE CONFLICTS DUE TO FAMILY OR OTHER RELATIONSHIPS. ALL COPIES ARE REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE HUMAN RESOURCES DIRECTOR. COPIES OF THE SIGNED ACKNOWLEDGEMENTS FOR STAFF ARE RETAINED IN THE HUMAN RESOURCES OFFICE AND FOR BOARD MEMBERS IN THE CHIEF EXECUTIVE OFFICER'S OFFICE. SHOULD ANY BOARD MEMBER HAVE A CONFLICT, HE OR SHE WOULD RECUSE HIMSELF OR HERSELF FROM ANY DISCUSSIONS AND/OR DECISION RELATED TO THE CONFLICT. MONITORING OF PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICTS IS UNDERTAKEN THROUGH INTERNAL CONTROLS ESTABLISHED IN THE FINANCE DEPARTMENT. SPENDING AUTHORITY POLICIES EXIST TO CONTROL WHO HAS THE AUTHORITY TO ENCUMBER PENNSWOOD VILLAGE AND THE EXTENT TO WHICH THEY ARE ABLE TO DO SO. STAFF WITH SPENDING AUTHORITY ARE REQUIRED TO ANNUALLY COMPLETE CONFLICT OF INTEREST STATEMENTS AND TO DISCLOSE ANY CONFLICTS THAT MAY EXIST. ANY CONCERNS ARE BROUGHT TO THE ATTENTION OF THE CFO FOR REVIEW AND ACTION, IF NECESSARY. IF A CONFLICT IS DETERMINED TO EXIST, THEN THE CONFLICTING PARTIES WILL BE NOTIFIED AND THE TRANSACTION HALTED. GROSS VIOLATIONS OF THE CONFLICT OF INTEREST POLICY MAY RESULT IN DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE CHIEF EXECUTIVE OFFICER (CEO) AND SETS COMPENSATION BASED ON PERFORMANCE THAT IS CONSISTENT WITH COMPETITIVE SALARY DATA. ANNUAL SALARY SURVEYS ARE COMPLETED BY HUMAN RESOURCES, A COMPENSATION CONSULTANT IS UTILIZED AS NEEDED AND THE FORM 990 OF OTHER SIMILAR ORGANIZATIONS ARE USED IN THE SALARY DECISIONS. THE ANNUAL REVIEW PROCESS AND FINAL DECISIONS ARE TIMELY DOCUMENTED AND PUT INTO HUMAN RESOURCE FILES. OTHER OFFICER AND KEY EMPLOYEE COMPENSATION, SUCH AS FOR THE CFO AND COO, IS APPROVED BY THE CEO DURING THE ANNUAL REVIEW PROCESS, WHICH IS TIMELY DOCUMENTED AND PUT INTO HUMAN RESOURCE FILES. ANNUAL SALARY SURVEYS ARE COMPLETED BY HUMAN RESOURCES WHICH ARE USED IN THE SALARY DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE PLACED FOR PUBLIC VIEW IN THE ORGANIZATION'S LIBRARY OR ADMINISTRATIVE OFFICES AND ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -19,561. FORM 990, PAGE 5, PART V, LINE 2 THE FILING ENTITY IS THE PARENT IN A GROUP OF NON-PROFIT ENTITIES FOR WHICH IT IS CONSIDERED A COMMON PAY AGENT FOR W-2 REPORTING. PENNSWOOD VILLAGE REPORTS ALL EMPLOYEES ON ITS FORM W-3, HOWEVER, EACH AFFILIATE HAS EMPLOYEES ALLOCATED TO THAT ENTITY. PER IRS INSTRUCTIONS, EMPLOYEES LISTED ON PART V, LINE 2A ARE THOSE WHO HAVE BEEN DEEMED TO BE EMPLOYEES OF THIS ORGANIZATION. THE FOLLOWING AFFILIATE HAS W-2 EMPLOYEES LISTED ON THEIR FORM 990 THAT HAVE BEEN REPORTED ON THE FILING ORGANIZATION'S W-3: HOSPICE CARE BY PENNSWOOD 47-1563338 HOSPICE CARE BY PENNSWOOD VILLAGE 1382 NEWTOWN-LANGHORNE ROAD NEWTOWN PA 18940 471563338 PROVIDE HOSPICE CARE TO PATIENTS PA 501(C)(3) LINE 10 PENNSWOOD VILLAGE 1 PENNSWOOD VILLAGE FOUNDATION 1382 NEWTOWN-LANGHORNE ROAD NEWTOWN PA 18940 830575873 FUNDRAISING FOR PENNSWOOD VILLAGE AND AFFILIATES PA 501(C)(3) LINE 7 PENNSWOOD VILLAGE 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 PENNSWOOD VILLAGE FOUNDATION B 157058 COST