2018-11-15T08:37:26-06:00 2017-12-31 161131146 BONADIO & CO LLP 7936 SENECA TURNPIKE CLINTON NY 13323 990 2017-01-01 311727817 PRESWICK GLEN INC PRES 3157977500 172 CLINTON ROAD NEW HARTFORD NY 13413 MICHAEL SWEENEY CEO 3157977500 2018-11-13 1 RICHARD ZWEIFEL P00085938 3157977781 2018-11-13 72.45.193.198 2018-11-13 12:37:53 ES P AAB99E79B27891EEACB13B73A2F661A42DDC737F 473DE730077691EC9586C4376D04BDF96F280DF5 2017 2019-02-21 02:37:17Z MICHAEL SWEENEY 172 CLINTON ROAD NEW HARTFORD NY 13413 37896570 0 X WWW.PRESWICKGLEN.COM X 2000 NY THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE. 15 15 69 15 0 0 21801 3330 4847597 4692833 7935 -2861 54642 33193758 4931975 37887060 0 0 0 0 1128712 1186231 0 0 0 4659193 3305279 5787905 4491510 -855930 33395550 12981374 12765296 54028617 20365734 -41047243 -7600438 THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND, AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE. 0 0 3137456 4759166 INDEPENDENT LIVING WHICH PROVIDES HOUSING, ACCESS TO HEALTH CARE, AND A NO-EVICTION POLICY TO RESIDENTS 60 YEARS OF AGE OR OLDER. FACILITY CONSISTS OF 84 INDEPENDENT LIVING APARTMENTS AND 40 INDEPENDENT LIVING COTTAGES THAT ARE LEASED AND RENEWED ON A YEARLY BASIS. 121 UNITS IN TOTAL WERE LEASED AND FULLY OCCUPIED AT THE END OF THE YEAR. 3137456 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 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 1 1 0 0 1 24 0 1 69 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X PRESWICK GLEN INC 3158535515 172 CLINTON ROAD NEW HARTFORD NY 13413 DANIEL FREYTAG CHAIRMAN 0.20 1.00 X X 0 0 0 LINDA VOCE VICE CHAIRMAN 0.20 1.00 X X 0 0 0 MATT GROVE TREASURER 0.20 1.00 X X 0 0 0 MARYANN HALLAK-SERWATKA SECRETARY 0.20 1.00 X X 0 0 0 DEBORAH MILLS DIRECTOR 0.20 1.00 X 0 0 0 JAY WILLIAMS DIRECTOR 0.20 1.00 X 0 0 0 STEPHEN KEYSER DIRECTOR 0.20 1.00 X 0 0 0 ROBERT OHMANN DIRECTOR 0.20 1.00 X 0 0 0 PHIL WILLIAMS DIRECTOR 0.20 1.00 X 0 0 0 SUSAN SOLOMON DIRECTOR 0.20 1.00 X 0 0 0 JEFF KANE DIRECTOR 0.20 1.00 X 0 0 0 ROGER BRESLOW DIRECTOR 0.20 1.00 X 0 0 0 DAVID CLEAVER-BARTHOLOMEW DIRECTOR 0.20 1.00 X 0 0 0 BOB GALLIHER DIRECTOR 0.20 1.00 X 0 0 0 JERRY BURKE DIRECTOR 0.20 1.00 X 0 0 0 MICHAEL SWEENEY CEO 5.00 32.50 X 23968 215708 40807 RUSSELL CLARK CFO 1.00 36.50 X 14638 131741 2927 38606 347449 43734 0 0 1 0 SODEXO INC & AFFILIATES PO BOX 260170 PITTSBURGH PA 15251 FOOD MANAGEMENT 433639 1 3330 3330 RENTAL INCOME 532000 4360699 4360699 RESIDENT FEES 532000 332134 332134 4692833 2700 2700 3949 9510 -5561 -5561 -5561 DEBT FORGIVENESS INCOME 900099 33121864 33121864 MISCELLANEOUS REVENUE 900099 39565 39565 MEALS 722210 32329 32329 33193758 37887060 4759166 0 33124564 X 953216 722884 230332 12585 9565 3020 152504 115903 36601 67926 51624 16302 221234 221234 44688 44688 11125 11125 524985 513614 11371 226440 226440 205304 110472 94832 631312 260804 370508 56072 56072 617441 586569 30872 533054 506401 26653 60096 57091 3005 RESIDENT MOVE-IN INCENT 80127 80127 EVENTS & ACTIVITIES 61194 61194 DUES & SUBSCRIPTIONS 27071 27071 OTHER EXPENSES 5136 5136 4491510 3137456 1354054 0 1541605 1512311 38295 9676 4271 5486 267706 207866 12292729 4053246 8620467 8239483 52958 440051 2456072 2350423 12981374 12765296 11695419 240893 2274 4807 30583166 9974442 11747758 10145592 54028617 20365734 X -41060125 -7606712 12882 6274 -41047243 -7600438 12981374 12765296 X 33395550 51255 X 0 1 X 1 0 X 1500 12072 3330 16902 4068173 4675598 4968287 4847597 4692833 23252488 4068173 4675598 4969787 4859669 4696163 23269390 0 0 0 23269390 4410 5382 4640 4736 2700 21868 4410 5382 4640 4736 2700 21868 4072583 4680980 4974427 4864405 4698863 23291258 0.99910 0.99900 0.00090 0.00100 X 8997415 1892962 7104453 1299201 693393 605808 1748248 1299786 448462 247865 167105 80760 8239483 ASSETS HELD BY TRUSTEE 241949 RESIDENT DEPOSITS 2044337 INTEREST IN THE NET ASSETS OF PRESBYTERIAN HOMES FOUNDATION, INC. 6274 INTEREST RATE SWAP ASSET 57863 2350423 DUE TO AFFILIATES 621519 REFUNDABLE ENTRANCE FEES 9524073 10145592 37938315 51255 51255 37887060 0 37887060 4491510 0 4491510 0 4491510 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE -6,608. CHANGE IN VALUE OF INTEREST RATE SWAP 57,863. 0 0 0 0 0 0 0 0 0 MICHAEL SWEENEY CEO 23968 215708 0 0 0 0 1438 12942 2643 23784 28049 252434 0 0 PART I, LINE 3 THE RELATED ORGANIZATION PERFORMS AN ANNUAL REVIEW AND USES INDUSTRY AND COMPETITIVE SURVEYS TO ESTABLISH COMPENSATION FOR THE CEO. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS REVIEW THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS COMPLETE CONFLICT OF INTEREST STATEMENTS ANNUALLY. IF A CONFLICT IS NOTED, THE NON-INTERESTED MEMBERS VOTE ON HOW TO PROCESS WITH THE SITUATION AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES INDUSTRY AND COMPETITIVE SURVEYS TO ESTABLISH COMPENSATION FOR THE CEO. THE CEO USES INDUSTRY AND COMPETITIVE SURVEY TO ESTABLISH THE COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADDRESS. THE 990 IS ALSO AVAILABLE ON THE INTERNET AT GUIDESTAR AND NYS WEBSITE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 513,614. MANAGEMENT AND GENERAL EXPENSES 11,371. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 524,985. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE -6,608. CHANGE IN VALUE OF INTEREST RATE SWAP 57,863. PRESBYTERIAN HOMES & SERVICES INC 4290 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 311572747 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) 12A COMMUNITY WELLNESS PARTNERS INC 1 PRESBYTERIAN HOME FOR CENTRAL NEW YORK PO BOX 1144 4290 MIDDLE SETTLEMENT NEW HARTFORD NY 13413 160874414 NURSING HOME AND HEALTH SERVICES FOR THE ELDERLY NY 501(C)(3) LINE_10_ORGANIZATION PRESBYTERIAN HOMES & SERVICES INC 1 PRESBYTERIAN HOMES FOUNDATION INC PO BOX 854 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 133348349 RAISE FUNDS FOR PROGRAMS FOR THE ELDERLY NY 501(C)(3) LINE_7_ORGANIZATION PRESBYTERIAN HOMES & SERVICES INC 0 PRESBYTERIAN RESIDENTIAL COMMUNITY PO BOX 1144 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 223219259 PROVIDE HEALTH SERVICES TO THE ELDERLY NY 501(C)(3) LINE_10_ORGANIZATION PRESBYTERIAN HOMES & SERVICES INC 1 PRESWICK II INC PO BOX 1144 NEW HARTFORD NY 13413 311736275 PROVIDE ACCOMODATIONS TO THE ELDERLY NY 501(C)(3) LINE_10_ORGANIZATION PRESBYTERIAN HOMES & SERVICES INC 1 THE MEADOWS AT MIDDLE SETTLEMENT PO BOX 1144 4310 MIDDLE SETTLEMENT NEW HARTFORD NY 13413 161009798 PROVIDE LOW INCOME HOUSING FOR THE ELDERLY NY 501(C)(3) LINE_10_ORGANIZATION PRESBYTERIAN HOMES & SERVICES INC 1 PH&S PROPERTY MANAGEMENT INC 4290 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 161558576 HOLD TITLE TO PROPERTY FOR AFFILIATES NY 501(C)(2) PRESBYTERIAN HOMES & SERVICES INC 1 COMMUNITY WELLNESS PARTNERS INC 108 UTICA ROAD CLINTON NY 13323 161536239 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 509(A)(3) N/A 1 LUTHERAN CARE CHARITABLE NETWORK INC 108 UTICA ROAD CLINTON NY 13323 264665274 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 509(A)(3) COMMUNITY WELLNESS PARTNERS INC 1 KATHERINE LUTHER RESIDENTIAL HEALTH CARE & REHABILITATION CENTER INC 110 UTICA ROAD CLINTON NY 13323 208029261 NURSING HOME AND HEALTH SERVICES FOR THE ELDERLY NY 509(A)(2) LUTHERAN CARE CHARITABLE NETWORK INC 1 THE LUTHERAN HOME OF CENTRAL NEW YORK INC 108 UTICA ROAD CLINTON NY 13323 150543616 ADULT HOME NY 509(A)(2) LUTHERAN CARE CHARITABLE NETWORK INC 1 LUTHERAN HOMES MANAGEMENT SERVICES INC 108 UTICA ROAD CLINTON NY 13323 161381077 HOLD TITLE TO PROPERTY FOR AFFILIATES NY 509(A)(3) LUTHERAN CARE CHARITABLE NETWORK INC 1 THE LUTHERAN FOUNDATION 108 UTICA ROAD CLINTON NY 13323 161181550 RAISE FUNDS FOR PROGRAMS FOR THE ELDERLY NY 509(A)(1) LUTHERAN CARE CHARITABLE NETWORK INC 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0 PRESBYTERIAN HOME FOR CENTRAL NEW YORK M 221234 ACTUAL PRESBYTERIAN HOME FOR CENTRAL NEW YORK E 611103 ACTUAL PRESBYTERIAN HOME FOR CENTRAL NEW YORK O 78539 ACTUAL PRESBYTERIAN HOME FOUNDATION INC K 50000 ACTUAL