2019-09-11T09:08:56-05:00 2018-12-31 521158459 HERTZBACH & COMPANY PA 800 RED BROOK BLVD SUITE 300 OWINGS MILLS MD 21117 990 2018-01-01 520591530 PICKERSGILL INC PICK 4108257423 615 CHESTNUT AVENUE TOWSON MD 21204 FAYE TULLY PRESIDENT - BOARD OF DIRECTORS 4108257423 2019-09-11 1 PATRICK V TROTTA CPA P01335925 4103633200 107.1.94.226 2019-09-11 09:08:38 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3C8A420FD17E559274428D99FA669C31D5D13AA1 2018 2019-02-21 02:37:17Z FAYE TULLY 615 CHESTNUT AVE TOWSON MD 21204 58840621 0 X WWW.PICKERSGILLRETIREMENT.ORG X 1802 MD LONG TERM RESIDENTIAL CARE 17 17 184 200 0 0 83082 83270 13213177 13573225 6268925 4944366 26968 28864 19592152 18629725 0 0 0 0 4690084 5076249 0 0 153611 8186595 8652375 12876679 13728624 6715473 4901101 105108776 100477824 29991268 28056333 75117508 72421491 X PROVIDING NURSING, MEDICAL SERVICES AND ASSISTED AND INDEPENDENT LIVING FACILITIES FOR THE ELDERLY. 0 0 5876027 6166495 ASSISTED LIVING FOR 138 ASSISTED LIVING UNITS 4250468 4265300 NURSING & MEDICAL SERVICES FOR 35 NURSING BEDS 1748749 3141430 87 APARTMENT STYLE UNITS FOR INDEPENDENT LIVING FOR THE AGED 28865 COTTAGE FEE INCOME $ 11,028BEAUTY SHOP AND OTHER SERVICES INCOME $ 17,837 28865 11875244 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 86 0 1 184 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X MR KEN GERBERG 4108257423 615 CHESTNUT AVE TOWSON MD 21204 ANN BROOKE ASSISTANT TREASURER 1.00 X X 0 0 0 MARSHA CARROLL TREASURER 1.00 X X 0 0 0 ANN MANGELS 2ND VICE PRESIDENT 1.00 X X 0 0 0 STEPHANIE RICH BOARD MEMBER 1.00 X 0 0 0 FAYE TULLY PRESIDENT 1.00 X X 0 0 0 MARY BARTON CORRESPONDING SECRETARY 1.00 X X 0 0 0 JEAN SMITH RECORDING SECRETARY 1.00 X X 0 0 0 ROSEMARY BERRY BOARD MEMBER 1.00 X 0 0 0 JANA CORN BURCH BOARD MEMBER 1.00 X 0 0 0 JANE CROFT ASSISTANT CORRESPONDING SE 1.00 X X 0 0 0 NANCY FLOWER BOARD MEMBER 1.00 X 0 0 0 FRAN FINNEGAN BOARD MEMBER 1.00 X 0 0 0 JANE HEILL 1ST VICE PRESIDENT 1.00 X X 0 0 0 CAROLYN MARSHALL BOARD MEMBER 1.00 X 0 0 0 CAROL LONG MACKAY BOARD MEMBER 1.00 X 0 0 0 SANDRA ORTWEIN BOARD MEMBER 1.00 X 0 0 0 KAREN M AUWAERTER BOARD MEMBER 1.00 X 0 0 0 BARRY J EISENBERG EXECUTIVE DIRECTOR 40.00 X 249120 0 16715 GINA CAMPANELLA-COOPER HEALTH CARE ADMINISTRATOR 40.00 X 114450 0 10852 JOHN W GOODWIN DIRECTOR OF FINANCE & SUPP 40.00 X 113817 0 10295 477387 0 37862 3 0 1 0 SODEXO INC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 DIETARY SERVICES 2314608 REHABCARE GROUP INC 680 SOUTH FOURTH ST LOUISVILLE KY 40202 THERAPY 1101326 GROUP BENEFIT SERVICES INC 6 NORTH PARK DRIVE SUITE 310 HUNT VALLEY MD 21030 EMPLOYEE BENEFITS ADMINISTRATOR 290444 CUMMINS SALE AND SERVICE 500 JACKSON STREET COLUMBUS IN 47201 EQUIPMENT DISTRIBUTOR 272316 PLANO-COUDON LLC 2101 WASHINGTON BLVD BALTIMORE MD 21230 CONSTRUCTION CONTRACTOR 226674 16 83270 83270 RESIDENT SERVICES 623000 6166495 6166495 MEDICARE/MEDICAID PAYMENTS 623000 4265300 4265300 APARTMENT RENT/SERVICE CHARGE 531110 3141430 3141430 13573225 1443555 1443555 43685580 26127 40172677 38219 3512903 -12092 3500811 -12092 3512903 OTHER REVENUE 623000 28864 28864 28864 18629725 13589997 0 4956458 265835 204686 54492 6657 4046755 3115892 829676 101187 107995 83156 22074 2765 332881 256318 68041 8522 322783 248543 65977 8263 43731 43731 30300 30300 430322 430322 201898 201597 243 58 24410 19687 4723 130 105 25 6936 1504 5432 1345433 1345433 1489968 1489968 128966 128966 CONTRACT SERVICES 3875966 3875966 UTILITIES 414028 414028 SUPPLIES 238403 221569 13577 3257 PROPERTY TAXES 161479 161479 260405 127643 120040 12722 13728624 11875244 1699769 153611 1091700 1195600 6860424 10079192 503776 437447 265384 264697 52760631 24536899 28424367 28223732 66434989 58745334 1528136 1531822 105108776 100477824 1005764 971888 25290000 24100000 282832 295320 3412672 2689125 29991268 28056333 X 75100978 72410635 16530 10856 75117508 72421491 105108776 100477824 4901101 -7597118 0 X X 0 1 X 1 0 X 135968 114795 82969 83082 83270 500084 11089742 11363133 12338870 13240145 13602090 61633980 11225710 11477928 12421839 13323227 13685360 62134064 15960 19528 35488 0 15960 19528 35488 62098576 1103954 1119760 1158069 1202594 1443555 6027932 1103954 1119760 1158069 1202594 1443555 6027932 12329664 12597688 13579908 14525821 15128915 68161996 0.91100 0.91370 0.08840 0.08610 X 0 1 X 69244388 102718 -3476991 1054548 64815567 59468440 32796 10658633 915481 69244388 57211939 15225 3179890 938614 59468440 57313082 1320720 -526280 895583 57211939 54345346 42435 4193438 1268137 57313082 1.00000 0.00000 0.00000 0 0 35000 35000 46842864 20358759 26484105 5882767 4178140 1704627 28223732 OTHER DEPOSITS 11946 DERIVATIVE FINANCIAL INSTRUMENT 2677179 2689125 13685359 0 13685359 4944366 4944366 18629725 16381376 3090366 3090366 13291010 437614 437614 13728624 PART IV, LINE 2B: ESCROW ACCOUNT LIABILITY INCLUDES RESIDENTS' PERSONAL FUNDS THAT ARE CONTROLLED BY THE RESIDENTS WHILE THEY RESIDE AT PICKERSGILL, INC. AND THE COMPANY ACTS IN AN AGENCY CAPACITY FOR THE FUNDS. IT ALSO INCLUDES ESCROWED SECURITY DEPOSITS THAT ARE INTERNALLY RESTRICTED UNTIL TERMINATION OF THE RELATED CONTRACTS, AT WHICH TIME THEY ARE REFUNDED TO THE RESIDENT LESS ANY WITHHOLDINGS FOR DAMAGES TO THEIR LIVING UNIT. PART V, LINE 4: THE EARNINGS OF THE ENDOWMENT FUND ARE AVAILABLE TO BE USED IN THE OPERATIONS OF THE ORGANIZATION. ITS EXISTENCE HELPS MAKE THE ORGANIZATION LESS SENSITIVE TO FLUCTUATIONS THAT CAN OCCUR IN NORMAL OPERATING REVENUES. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED GAINS ON INVESTMENT 3,512,903. LOSS ON ASSET DISPOSAL -12,092. INVESTMENT INCOME, NET OF EXPENSES 1,005,941. INVESTMENT EXPENSE 430,322. INTEREST EXPENSE 7,292. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS 7,597,118. REALIZED GAIN ON INVESTMENTS -3,512,903. LOSS ON DISPOSAL 12,092. INVESTMENT INCOME, NET OF EXPENSES -1,005,941. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSE 430,322. INTEREST EXPENSE 7,292. X X 0 0 0 0 0 0 0 0 0 BARRY J EISENBERG EXECUTIVE DIRECTOR 249120 0 0 0 0 0 9965 0 6750 0 265835 0 0 0 A MARYLAND HEALTH & HIGHER EDUCATION FACILITIES AUTHORITY 520936091 000000000 2012-06-28 31150000 REFUNDING OF PREVIOUSLY ISSUED BONDS 0 0 0 A 31150000 314575 30835425 2012 1 0 1 1 A 0 0 1 1 0 0.00670 0.00670 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND HEALTH & HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/06/2017 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT, THE VICE PRESIDENT, THE TREASURER, AND THE RECORDING AND CORRESPONDING SECRETARIES. THE EXECUTIVE COMMITTEE HAS FULL POWER AND AUTHORITY TO ACT FOR THE BOARD OF DIRECTORS DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE KEEPS MINUTES OF ITS PROCEEDINGS AND REPORTS ANY ACTIONS TAKEN BY THE EXCECUTIVE COMMITTEE AT THE NEXT REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT OF THE BOARD SIGNS THE RETURN BASED ON HER REVIEW AND THAT OF THE TREASURER. FORM 990 IS DISTRIBUTED TO THE EXECUTIVE COMMITTEE BEFORE FILING AND MADE AVAILABLE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE MANAGEMENT REVIEWS POLICIES WITH PERIODIC DISCUSSIONS AND MEETINGS WITHIN THE ORGANIZATION. IMPORTANT QUESTIONS DISCUSSED AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATIONS OF OFFICERS AND KEY EMPLOYEES WERE DETERMINED BASED ON BUDGET AND OTHER COMPARABILITY DATA, AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 REQUIRED DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FORM 990 PART XII, LINE 2C: NO CHANGES WERE MADE TO THE ORGANIZATION'S OVERSIGHT PROCESS DURING THE CURRENT TAX YEAR.