2019-10-31T15:02:57-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2018-01-01 566064186 THE PRESBYTERIAN HOME AT CHARLOTTE INC PRES 7045531670 5100 SHARON ROAD CHARLOTTE NC 28210 ANNE MOFFAT EXECUTIVE DIRECTOR 7045531670 2019-10-30 1 JOHN NORMAN P01506766 7049985200 2019-10-30 67.137.57.251 2019-10-30 09:49:16 ED P E682848054A5964E43F461E45E3C8DD6D38CCA73 5EFBF20E7B7089C5FF7EB8F48BDE01CCFE2FE862 2018 2020-01-14 16:20:31Z ANNE MOFFAT 5100 SHARON ROAD CHARLOTTE NC 28210 32467415 0 X HTTPS://SHARONTOWERS.ORG/ X 1969 NC WE ENRICH RESIDENTS' LIVES BY PROVIDIING A NURTURING ENVIRONMENT WITH JOY, PURPOSE, AND WELL-BEING 22 22 401 200 0 0 932250 4108687 22723957 25452206 977341 1260014 87741 80047 24721289 30900954 1138834 1227969 0 0 11029415 11508388 0 59736 190309 9441822 10528036 21610071 23324129 3111218 7576825 80978073 87538008 39492347 40654722 41485726 46883286 WE ENRICH THE LIVES OF THOSE WE SERVE BY PROVIDING A NURTURING ENVIRONMENT THAT FOSTERS JOY, PURPOSE, AND WELL-BEING. 0 0 22347748 1227969 25532253 THE PRESBYTERIAN HOME AT CHARLOTTE, INC. PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT FACILITY WHICH AT DECEMBER 31, 2018, CONTAINED 216 INDEPENDENT LIVING UNITS, 40 ASSISTED LIVING UNITS, AND A 96 BED HEALTH CARE CENTER. 22347748 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 401 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 0 0 X CHARLES R GASKINS 7045531670 5100 SHARON ROAD CHARLOTTE NC 28210 DOUGLAS K BRADLEY CHAIR-ELECT 1.00 X X 0 0 0 JOHN E BURTON JR DIRECTOR 1.00 X 0 0 0 JOHN J CARPENTER DIRECTOR 1.00 X 0 0 0 PAUL H EFIRD JR DIRECTOR 1.00 X 0 0 0 MICHAEL W FISCHER CHAIR 1.00 X X 0 0 0 MILDRED P FOLK DIRECTOR 1.00 X 0 0 0 ROBERTA L HARPER DIRECTOR 1.00 X 0 0 0 TIMOTHY J IGNASHER DIRECTOR 1.00 X 0 0 0 ROBERT A JONES TREASURER 1.00 X X 0 0 0 CHARLES W KEITH JR DIRECTOR 1.00 X 0 0 0 VIRGINIA L KELLY DIRECTOR 1.00 X 0 0 0 KATHERINE L LAMBERT DIRECTOR 1.00 X 0 0 0 E JUDSON MCADAMS DIRECTOR 1.00 X 0 0 0 RHONDA R MCCLAIN DIRECTOR 1.00 X 0 0 0 HAYDEN MCMAHON JR DIRECTOR 1.00 X 0 0 0 RICHARD L NICHOLS DIRECTOR 1.00 X 0 0 0 FREDA H NICHOLSON DIRECTOR 1.00 X 0 0 0 KATHERINE K RICHARDS DIRECTOR 1.00 X 0 0 0 RANDAL L RIPPLE SECRETARY 1.00 X 0 0 0 ROBERT M TEAGUE DIRECTOR 1.00 X 0 0 0 R CHRISTOPHER THOMAS DIRECTOR 1.00 X 0 0 0 VELVA W WOOLLEN DIRECTOR 1.00 X 0 0 0 ANNE MOFFAT EXEC DIRECTOR 40.00 X 217954 0 21478 CHARLES R GASKINS CFO 40.00 X 173031 0 13826 ANGELA RIGSBEE COO 40.00 X 118596 0 15045 CYNTHIA MCCULLOUGH DIR OF SALES & MKTG 40.00 X 106321 0 10525 ALLISON SWITZER ADMINISTRATOR 40.00 X 110932 0 8725 OTIS AMERSON DIR OF FACILITY SERVICES 40.00 X 112286 0 10702 839120 0 80301 6 0 1 0 ROSS ALLEN BUILDERS 8260-1200 PROVIDENCE ROAD 384 CHARLOTTE NC 28210 CONSTRUCTION 2307973 MORRISON COMMUNITY LIVING 400 NORTHRIDGE RD SANDY SPRINGS GA 30350 DINING SERVICES 1872950 HERITAGE HEALTHCARE 6920 MARCHING DUCK DRIVE CHARLOTTE NC 28210 THERAPY SERVICES 1131168 OMEGA CONSTRUCTION 344 SHELLEYBROOK DRIVE PILOT MOUNTAIN NC 27041 CONSTRUCTION 860243 STEWART & CONNERS 3731 LATROBE DR 100 CHARLOTTE NC 28210 ARCHITECT 548922 17 4108687 22880 4108687 INDEPENDENT LIVING 623990 9735844 9735844 HEALTH CARE 623990 7851638 7851638 ENTRANCE FEES 623990 4068243 4068243 ASSISTED LIVING 623990 2095256 2095256 PHARMACY & OTHER 923990 1701225 1701225 25452206 601366 601366 80047 0 80047 80047 80047 1828838 396271 1252042 314419 576796 81852 658648 658648 30900954 25532253 0 1260014 257589 257589 970380 970380 509581 463271 46310 8766276 8627404 138872 1518854 1443918 69173 5763 713677 669735 40475 3467 59736 59736 74281 74281 230130 224228 5902 402586 340574 62012 300704 300704 2450072 2450072 341219 341219 HOUSEKEEPING & MAINTENA 1993848 1993848 FOOD & DIETARY 1618964 1618964 HEALTH CARE SUPPLIES 1478581 1478581 UTILITIES & COMMUNICATI 1180421 1180421 457230 450111 7119 23324129 22347748 786072 190309 4127742 5675755 942077 1530694 1001419 137338 259301 94179475 36407246 56130784 57772229 17741616 18322287 291130 249540 1018769 3315400 80978073 87538008 1109169 1534474 6620000 5780000 6305702 0 25457476 33340248 39492347 40654722 X 38232700 41790249 221020 2061031 3032006 3032006 41485726 46883286 80978073 87538008 X 7576825 -2259412 80147 X X 0 1 X 1 0 X 736023 1164829 494037 932250 4108687 7435826 17556556 20112578 20736724 21853855 24481826 104741539 18292579 21277407 21230761 22786105 28590513 112177365 0 0 0 112177365 855731 644206 539687 653017 755286 3447927 855731 644206 539687 653017 755286 3447927 19148310 21921613 21770448 23439122 29345799 115625292 0.97020 0.96820 0.02980 0.03180 X 3032006 421347 421347 3032006 3032006 3032006 2958380 73626 3032006 2958380 2958380 2958380 2958380 0 0 4000 474558 478558 80981166 29835902 51145264 4945348 1058853 3886495 7774403 5512491 2261912 57772229 ACCRUED INTEREST PAYABLE 19314 ACCRUED PAYROLL 810420 DEFERRED REVENUE 26667546 INTEREST RATE SWAP AGREEMENT 74301 REFUNDABLE ENTRANCE FEES 5768667 33340248 25756870 -2259412 1045069 -1214343 26971213 74281 3855460 3929741 30900954 22279468 0 22279468 74281 970380 1044661 23324129 PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 1,045,069. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 970,380. DONOR RESTRICTED CONTRIBUTIONS 2,991,563. DONOR RESTRICTED INVESTMENT LOSS -106,483. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 970,380. X X 0 CAPITAL DEVELOPMENT SERVICES 915 W 4TH ST STE 100 WINSTON SALEM NC 27101 PLAN AND IMPLEMENT 2019 CAPITAL CAMPAIGN 0 0 59736 -59736 59736 -59736 NC 1 UNC CHARLOTTE 9201 UNIVERSITY CITY BLVD CHARLOTTE NC 28223 170 183438 SUPPORT UNCC PROGRAM TO PROVIDE UNDERSERVED SENIORS WITH PERSONALIZED HEALTH ASSESSMENTS ALZHEIMER'S ASSOCIATION 4600 PARK ROADSUITE 250 CHARLOTTE NC 28209 561440727 501(C)(3) 45000 WALK TO END ALZHEIMER'S AND DEMENTIA EDUCATION. CHARLOTTE COMMUNITY HEALTH CLINIC 8401 MEDICAL PLAZA DRIVE SUITE 300 CHARLOTTE NC 28212 562274174 501(C)(3) 14151 MECKLENBURG SENIOR CITIZEN HEALTH RISK ASSESSMENT TESTING OUTREACH PROGRAM SHARON PRESBYTERIAN CHURCH 5201 SHARON ROAD CHARLOTTE NC 28210 566018312 501(C)(3) 15000 GROWING TO SERVE CAMPAIGN 3 1 WAIVED ENTRANCE FEES AND SUBSIDIZED SERVICE FEES FOR RESIDENTS. 21 970380 SCHEDULE I, PART III, COLUMN (B) THE PRESBYTERIAN HOME AT CHARLOTTE, INC. PROVIDES FINANCIAL ASSISTANCE TO ITS RESIDENTS WHO CANNOT AFFORD THE FULL COST OF THEIR CARE. THIS ASSISTANCE WAS GIVEN VIA WAIVED ENTRANCE FEES AND SUBSIDIZATION OF MONTHLY SERVICE FEES. TWENTY-ONE RESIDENTS RECEIVED FINANCIAL ASSISTANCE IN EXCESS OF $5,000 FOR 2018. THEIR ASSISTANCE TOTALLED $970,380. RECIPIENTS ARE RE-QUALIFIED ANNUALLY AFTER A REVIEW OF THEIR INCOME AND EXPENSES. FINANCIAL RECORDS ARE KEPT ON ALL ASSISTANCE. X 0 0 X 0 0 0 0 0 0 0 0 0 ANNE MOFFAT EXEC DIRECTOR 217326 0 0 0 628 0 7652 0 13826 0 239432 0 0 0 CHARLES R GASKINS CFO 171371 0 0 0 1660 0 0 0 13826 0 186857 0 0 0 PART I, LINE 1A DURING 2018, CHARLES R. GASKINS WAS PROVIDED WITH TEMPORARY HOUSING IN THE AMOUNT OF $1,660. THAT AMOUNT WAS INCLUDED IN HIS W-2 WAGES. A NC MEDICAL CARE COMMISSION 521309402 2010-09-24 11515000 REFUND PRIOR BONDS. SEE PART VI 0 0 0 A 5735000 11515000 11515000 1 0 1 1 A 0 0 1 0 1 1 BB&T 5.700000000000 0 0 0 1 A 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD PRESENTS A NEW CLASS OF BOARD MEMBERS ANNUALLY TO THE PRESBYTERY OF CHARLOTTE. THE PRESBYTERY ELECTS THE NEW MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B AFTER RECEIVING THE 900 FROM OUR AUDITOR, IT IS REVIEW BY OUR CHIEF FINANICAL OFFICER AND THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR SELECTS A COMPENSATION COMMITTEE. THE COMMITTEE IS GIVEN A WAGE AND SALARY SURVEY CONDUCTED ANNUALLY BY THE LEAGINGAGE NORTH CAROLINA AND THE HOSPITAL AND HEALTH CARE COMPENSATION SERVICE. THE SURVEY CONSISTS OF DATA FROM OTHER CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) IN NORTH CAROLINA. THE DELIBERATION AND DECISION IS THEN DOCUMENTED AND PLACED IN TEH EXECUTIVE DIRECTOR'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE SHARON TOWER'S HUMAN RESOURCES RECORDS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ANNUAL FINANICAL AUDIT IS INCLUDED IN OUR ANNUAL DISCLOSURE STATEMENT. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 80,147. FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS FROM PRIOR YEAR.