2025-08-27T14:50:12-05:00 2024-12-31 113266576 GRASSI & CO CPA'S PC 360 MADISON AVENUE 7TH FLOOR NEW YORK NY 10017 990 2024-01-01 233089337 SIMPSON MID-TOWN SIMP 6106100112 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 KENNETH R FRANIAK CFO 6106100112 2025-08-27 1 0 JAIME RAPPS P01462990 2126616166 2025-08-27 2024 2025-03-06 01:10:19Z CAROL E MCKINLEY 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 385032 0 X N/A X 2004 PA TO PROVIDE HUD FUNDED HOUSING FOR THE LOW-INCOME AND ELDERLY. 10 9 3 9 0 0 497 0 393074 384968 49 64 0 0 393620 385032 0 0 0 0 116912 148512 0 0 0 493474 477009 610386 625521 -216766 -240489 2959172 2822571 6236952 6340840 -3277780 -3518269 X SIMPSON MID-TOWN OWNS AND OPERATES A 40-UNIT RESIDENTIAL HOUSING PROJECT THAT PROVIDES HOUSING AND OTHER SERVICES TO ELDERLY, LOW INCOME RESIDENTS IN THE GREATER PHILADELPHIA, PA AREA. CONTINUED ON SCHEDULE O.THE PROJECT WAS FUNDED THROUGH A GRANT FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). RENTS ARE CONTROLLED BY HUD. 0 0 495668 384968 SIMPSON MID-TOWN PROVIDES HOUSING FOR ELDERLY, LOW INCOME RESIDENTS IN ADDITION TO CERTAIN MONTHLY ACTIVITIES SUCH AS DAY TRIPS TO LOCAL POINTS OF INTEREST. SIMPSON MID-TOWN ASSISTS ITS RESIDENTS IN OBTAINING SERVICES OFFERED BY OTHER LOCAL CHARITABLE AND GOVERNMENT AGENCIES. 495668 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 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 X 7 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X KENNETH R FRANIAK CFO 6106100112 150 MONUMENT ROAD 202 BALA CYNWYD PA 19004 MEREDITH E OKENQUIST CHAIR 1.00 5.00 X X 0 0 0 MICHELLE GOLLAPALLI IMMEDIATE PAST CHAIR 1.00 5.00 X X 0 0 0 RICK HELLBERG TREASURER 1.00 5.00 X X 0 0 0 DALINDA LOVE SECRETARY 1.00 5.00 X X 0 0 0 REV DAVID W BROWN DIRECTOR 1.00 5.00 X 0 0 0 JOHN P DIMAGGIO DIRECTOR 1.00 5.00 X 0 0 0 ALAIN DUROSEAU DIRECTOR 1.00 5.00 X 0 0 0 MICHAEL SHARP DIRECTOR 1.00 5.00 X 0 0 0 MARCIA STANFORD DIRECTOR 1.00 5.00 X 0 0 0 CAROL MCKINLEY PRESIDENT/CEO 1.00 39.00 X X 0 415558 15859 KENNETH FRANIAK CHIEF FINANCIAL OFFICER 1.00 39.00 X 0 349023 20760 0 764581 36619 0 0 1 0 0 RENTS & ASSISTANCE 623000 384968 384968 384968 64 64 385032 384968 0 64 129958 68618 61340 605 319 286 9242 4880 4362 8707 4597 4110 28440 28440 19618 19618 43283 37365 5918 12997 12997 4530 3590 940 45221 45221 1300 1011 289 255398 255398 17253 17253 REPAIRS & MAINTENANCE 17294 17294 TRASH REMOVAL 11990 9329 2661 OTHER EXPENSES 10952 9063 1889 EXTERMINATING 8733 8733 625521 495668 129853 0 13980 15179 73425 49164 7782 5869 6792538 4314492 2558153 2478046 305832 274313 2959172 2822571 46845 102396 10332 600000 6228112 5590107 0 6236952 6340840 X -3277780 -3518269 -3277780 -3518269 2959172 2822571 -240489 0 X X 0 1 X 1 1 1 X 160 1000 497 1657 345752 359763 412547 393571 384968 1896601 345912 360763 412547 394068 384968 1898258 0 0 0 1898258 26 27 36 49 64 202 26 27 36 49 64 202 110 110 346048 360790 412583 394117 385032 1898570 0.99980 0.99980 0.00010 0.00010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 110. 0 1 X 12000 12000 6425373 4037213 2388160 355165 277279 77886 2478046 TENANT TRUST FUNDS- CASH EQUIVALENTS 10332 ASSETS LIMITED TO USE 263981 274313 X 385032 0 385032 0 385032 625521 0 625521 0 625521 PART IV, LINE 2B: TENANT SECURITY DEPOSITS ARE HELD IN TRUST FOR THE DURATION OF THEIR STAY. PART X, LINE 2: THE PROJECT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PROJECT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. 0 0 0 0 0 0 0 0 0 CAROL MCKINLEY PRESIDENT/CEO 0 415558 0 0 0 0 0 13800 0 2059 0 431417 0 0 KENNETH FRANIAK CHIEF FINANCIAL OFFICER 0 349023 0 0 0 0 0 13800 0 6960 0 369783 0 0 PART I, LINE 3 SIMPSON SENIOR SERVICES, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEP/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART V, LINE 2: THE FILING ENTITY IS AN AFFILIATE IN A GROUP OF WHICH SIMPSON SENIOR SERVICES ("SSS") IS CONSIDERED A COMMON PAY AGENT FOR W-2 REPORTING. SSS 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 2, ARE THOSE WHO ARE EMPLOYEES OF THIS ORGANIZATION. THE SIMPSON MID-TOWN DOES NOT, HOWEVER, REPORT THESE EMPLOYEES ON A SEPARATE W-3 UNDER ITS OWN EIN. FORM 990, PART VI, SECTION A, LINE 7A SIMPSON SENIOR SERVICES HAS THE RIGHT TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE VOTE OF THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL MEETING CONVENED AFTER NOTICE TO THE DIRECTORS OF THAT PURPOSE, BUT SUBJECT TO WRITTEN APPROVAL OF SIMPSON SENIOR SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO. ONCE APPROVED, THE FORM 990 IS SENT TO THE PRESIDENT/CEO FOR REVIEW AND APPROVAL. THE PRESIDENT/CEO WILL THEN FORWARD A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND MEMBERS OF THE BOARD ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. ALL SIGNIFICANT NEW CONTRACTS ARE SUBJECT TO BOARD APPROVAL. ONGOING CONTRACTS ARE REVIEWED FOR ANY KNOWN POTENTIAL CONFLICT OF INTEREST. CONFLICTS OF INTEREST ARE REVIEWED AT THE BOARD LEVEL. ANY INDIVIDUAL WITH A CONFLICT OF INTEREST MUST ABSTAIN FROM BOARD DISCUSSIONS AND DECISIONS WHERE ANY CONFLICT WOULD BE PRESENT. ON AN ANNUAL BASIS ALL DIRECTORS AND OFFICERS SIGN OFF ON A CONFLICT OF INTEREST STATEMENT AFFIRMING THAT THEY HAVE RECEIVED, UNDERSTAND, AND COMPLY WITH THE CONFLICT OF INTEREST POLICY. THEY MUST ALSO DISCLOSE ANY POTENTIAL CONFLICTS WITH SIMPSON RELATED TO FINANCIAL INTERESTS, TRANSACTIONS, OR RELATIONSHIPS (BUSINESS OR FAMILY AFFILIATES). FORM 990, PART VI, SECTION B, LINE 15 A SUB-COMMITTEE OF THE BOARD OF DIRECTORS OF SIMPSON SENIOR SERVICES (SSS), A RELATED ORGANIZATION, WHICH IS APPOINTED BY THE BOARD CHAIR OF SSS HAS THE SPECIFIC DUTY OF ANNUALLY EVALUATING THE PERFORMANCE OF THE PRESIDENT/CEO OF THE ORGANIZATION, INCLUDING DETERMINING HIS ANNUAL COMPENSATION. A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITION UTILIZING LEADING AGE PA, LEADING AGE NATIONAL, AND CEMO SALARY SURVEYS AND OTHER STUDIES. IN ADDITION, THE GUIDE STAR WEBSITE IS UTILIZED TO RESEARCH THE SALARY OF SIMILAR POSITIONS AT SIMILAR SIZED ORGANIZATIONS IN THE LOCAL MARKET AREA. THE CFO AND THE EXECUTIVE DIRECTORS' SALARIES OF EACH COMMUNITY ARE DETERMINED BY THE PRESIDENT/CEO OF SSS ON AN ANNUAL BASIS. THE PRESIDENT/CEO REVIEWS THE ANNUAL PERFORMANCE OF THESE INDIVIDUALS RELATIVE TO THEIR POSITION DESCRIPTIONS. THE OPERATING BUDGETS, INCLUDING SALARY INCREASES, OF EACH COMMUNITY ARE PRESENTED TO THE BOARD FOR THEIR APPROVAL ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SIMPSON SENIOR SERVICES 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232948991 MANAGES AFFILIATES THAT PROVIDE RESIDENCE AND HEALTHCARE TO THE ELDERLY PA 501(C)(3) LINE 12C, III-FI N/A 0 SIMPSON GLEN 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232960640 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 SIMPSON MEADOWS 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232948992 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 THIRD CENTURY SERVICES 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232948457 PROVIDE MAINTENANCE AND OPERATION SUPPORT TO CCRC AFFILIATES PA 501(C)(3) LINE 12B, II SIMPSON SENIOR SERVICES 0 SIMPSON HOUSE FOUNDATION 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232320545 RECEIVE AND ADMINISTER FUNDS FOR THE CHARITABLE WORKS OF AFFILIATES PA 501(C)(3) LINE 12B, II SIMPSON SENIOR SERVICES 0 NARBERTH ADULT CARE SERVICES 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 232948458 PROVIDE ADULT DAY CARE AND HEALTHCARE TO THE ELDERLY PA 501(C)(3) PF SIMPSON SENIOR SERVICES 0 JENNER'S POND INC 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 231548106 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 SIMPSON FOUNDATION 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 454731794 CHARITABLE, LITERARY, SCIENTIFIC, RELIGIOUS & EDUCATION FOR ELDERLY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 SIMPSON HOUSE INC 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 231352227 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 SIMPSON SENIOR SERVICES 0 SIMPSON GARDENS LP 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 412069202 ECONOMIC DEVELOPMENT OF LOW INCOME HOUSING PA N/A 0 1 SIMPSON SENIOR HOUSING II LP 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 833278445 ECONOMIC DEVELOPMENT OF LOW INCOME HOUSING PA N/A 0 1 SIMPSON THERAPY SERVICES LLC 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 881987119 PROVIDES COMPREHENSIVE THERAPY SERVICES PA N/A 0 1 SIMPSON GARDENS HOUSING CORP 150 MONUMENT ROAD SUITE 202 BALA CYNWYD PA 19004 412069201 ECONOMIC DEVELOPMENT OF LOW INCOME HOUSING PA N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0