2018-11-26T17:19:07-05:00 2018-04-30 570903040 Theodore H Reading II CPA PA 38 Huntwick Court Columbia SC 29206 990 2017-05-01 570847894 FPCRC Inc FPCR 1324 Marion Street Columbia SC 29201 James R Herlong Chairman 8037827172 2018-11-05 true Theodore H Reading II P01329466 8037827172 2018-11-26 98.25.46.236 2018-11-26 17:20:41 5733152018330ycysffv 2018-11-26 P E6D89852072D64611C832EE63798DA46BA508B8A E6D89852072D64611C832EE63798DA46BA508B8A 2017 2019-02-21 02:37:17Z X Laurel Crest Retirement Center James A Herlong 38386105 false X WWW.Laurel-crest.com X 1987 SC Laurel Crest was established as a continuing care retirement center for the First Presbyterian Church of Columbia, SC which includes housing and medical care. X 15 15 142 15 0 0 47054 12500 6562296 4415055 7341 14355506 7400 35313 6624091 18818374 800000 0 2663015 1878826 0 22500 3157762 2447682 5820777 5126508 803314 13691866 14412773 17292622 10422547 24777 3990226 17267845 X Laurel Crest was established as a continuing care retirement center for the First Presbyterian Church of Columbia, SC which includes housing and medical care. false true 4636129 Provided continuing care for 84 independent living residents, 21 assisted living residents, and 10 health center residents. 4636129 true true false false false false false false false false false false false false 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 true false true false false false true 24 0 true 142 true false false false false false false false false false false X 15 15 false true false false false false false true true false false true true true true false true true false false SC X Theodore H Reading II CPA 8037827172 38 Huntwick Ct Columbia SC 29206 James A Herlong Chairman 10.00 1.00 X X 0 0 0 Emily Metzger Vice chairman 2.00 1.00 X X 0 0 0 Langley Shealy Secretary 2.00 1.00 X X 0 0 0 Theodore H Reading II Treasurer 2.00 1.00 X X 0 0 0 Barbara Diller Director 2.00 1.00 X 0 0 0 Wilson W Farrell Director 2.00 1.00 X 0 0 0 B Lee Floyd Director 2.00 1.00 X 0 0 0 Miriam O Hair Director 2.00 1.00 X 0 0 0 David G Hodges Director 2.00 1.00 X 0 0 0 Lanneau W Lambert Jr Director 5.00 1.00 X 0 0 0 Robert M Temple Director 2.00 1.00 X 0 0 0 William H Neely Jr Director 1.00 1.00 X 0 0 0 Derek W Thomas Director 2.00 1.00 X 0 0 0 Claude Walker Jr Director 2.00 1.00 X 0 0 0 John F Windley Director 2.00 1.00 X 0 0 0 James Deel Executive director 40.00 1.00 X 127813 0 17894 127813 0 17894 1 false false false Life Care Services LLC 400 Locust Street Ste 820 Des Moines IA 50309 Management 378112 1 12500 12500 Resident fees 623000 4415055 4415055 4415055 104987 104987 43610 8297 35313 35313 35313 11158813 22651140 11164876 8394558 -6063 14256582 14250519 14250519 18818374 18700887 0 104987 800000 800000 1510329 1434813 75516 243458 242102 1356 125039 118787 6252 302022 271820 30202 172237 172237 45695 45695 19271 19271 60237 37737 22500 117935 117935 63390 62122 1268 12420 11799 621 564579 562382 2197 3748 3748 67673 67673 479549 479549 98799 83786 15013 Taxes 32885 7450 25435 Food 339841 339841 Resident activities 42647 42647 Equipment rental & maintenan 11227 10104 1123 13527 9507 4020 5126508 4636129 467879 22500 2108 2504650 3639946 461663 13671 10475 65602 7991494 2695982 14315834 3970 14412773 17292622 321129 24777 3195258 6906160 10422547 24777 X 3990226 17267845 3990226 17267845 14412773 17292622 13691866 -414247 0 X false false false X 27000 84983 44500 47054 12500 216037 5489780 5926810 6009480 6562296 4415055 28403421 5516780 6011793 6053980 6609350 4427555 28619458 100000 100000 100000 100000 28519458 37595 10090 19200 7340 104987 179212 37595 10090 19200 7340 104987 179212 5554375 6021883 6073180 6616690 4532542 28798670 0.99030 0.99330 0.01000 0.00000 X true First Presbyterian Church 1324 Marion Street Columbia SC 29201 570314437 church 800000 general assistance 100 of Laurel Crest Retirement Center 2018-01-05 22651140 Cash sale 822636406 Laurel Crest Retirement Community 2817 Ashland Road Columbia SC 29210 501c3 Management duties delegation Part VI line 3 The Organization has a management and marketing services agreement with Life Care Services, LLC, an independent company, to manage and operate the retirement community. Form 990 governing body review Part VI line 11 Form 990 is distributed to all board members before filing Conflict of interest policy compliance Part VI line 12c The board of directors reviews the conflict of interest statement on an annual basis. In the event of a conflict of interest, the person with the conflict would not be involved with any votes that are related to the conflict CEO executive director top management comp Part VI line 15a The exexutive director is employed by Life Care Services, LLC. (See part VI, Sect A, Line 3).Life Care Services assists FPCRC, Inc with determining an appropriate salary based on industry information, the size of the facility, and amounts paid by other communities managed by them. Form 990 availability to public Part VI line 18 Form 990 is available to the public upon request Governing documents etc available to public Part VI line 19 The Organization makes it governing documents, conflict of interest policy, and financial statements available upon request. Cessation of or significant change to any program service Part III line 3 On January 5, 2018, FPCRC, Inc. sold Laurel Crest Retirement Center to Laurel Crest Retirment Community, part of Presbyterian Communities of South Carolina. The total sales price was $22,651,140 including assumed liabilities of $6,401,140. The sale was negotiated by the boards of directors of the two independent organizations. Laurel Crest Endowment Trust 1324 Marion Street Columbia SC 29201 570986260 Provide assistance to residents of Laurel Crest Retirement SC 501C3 12a FPCRC Inc false First Presbyterian Church 1324 Marion Street Columbia SC 29201 570314437 Church SC 1 N/A false false true true false false false false false false false false false false false false false false false false