2025-11-14T08:47:09-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 232212842 WAVERLY HEIGHTS WAVE 6106458600 1400 WAVERLY ROAD GLADWYNE PA 190351254 ROBERT L SUPPER SENIOR VP OF FINANCE & CFO 6106458600 2025-11-13 1 1 KERRI N BOGDA P00760402 7177404863 2025-11-12 2024 2025-03-06 01:10:19Z THOMAS P GARVIN 1400 WAVERLY ROAD GLADWYNE PA 190351254 42266970 0 X WWW.WAVERLYHEIGHTS.ORG X 1982 PA TO PROVIDE AN EXCEPTIONAL LIFESTYLE WITHIN A COMPASSIONATE & RESPECTFUL COMMUNITY 15 15 414 25 0 0 416981 383557 34016563 35381555 4803580 4027253 677921 1030027 39915045 40822392 167396 167328 0 0 18576159 18517185 0 0 0 20417730 22532894 39161285 41217407 753760 -395015 170339090 179610330 186097373 190882961 -15758283 -11272631 WAVERLY HEIGHTS IS A NON-PROFIT CORPORATION ESTABLISHED TO PROVIDE SENIORS AN EXCEPTIONAL LIFESTYLE WITHIN A COMPASSIONATE AND RESPECTFUL COMMUNITY. 0 0 32613809 167328 35164007 A LIFE PLAN COMMUNITY PROVIDING QUALITY SERVICES TO ITS RESIDENTS WHILE SERVING THEIR PHSYICAL, EMOTIONAL, RECREATIONAL, SOCIAL, SPIRITUAL AND HEALTH NEEDS. THESE SERVICES ARE PROVIDED TO RESIDENTS THROUGH THE OPERATION OF 218 INDEPENDENT LIVING UNITS, 31 PRIVATE ROOMS IN A SKILLED NURSING FACILITY AND 68 PRIVATE ROOMS IN A PERSONAL CARE FACILITY. OF THE 68 PRIVATE PERSONAL CARE ROOMS, 22 ARE PRIVATE MEMORY SUPPORT ROOMS. 271012 217548 WAVERLY CARE MANAGEMENT PROVIDES PROFESSIONAL GERIATRIC CARE MANAGEMENT SERVICES. 32884821 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 112 0 1 414 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ROBERT L SUPPER 6106458600 1400 WAVERLY ROAD GLADWYNE PA 190351254 STEVEN D KIRKPATRICK CHAIR 2.00 2.00 X 0 0 0 AMBASSADOR KATHERINE SHIRLEY VICE CHAIR 2.00 0.00 X 0 0 0 RICHARD E BAUER TRUSTEE 2.00 2.00 X 0 0 0 KENNETH L BRIER TRUSTEE 2.00 0.00 X 0 0 0 LILLIAN N CASSEL TRUSTEE 2.00 0.00 X 0 0 0 ELEANOR DAVIS TRUSTEE 2.00 0.00 X 0 0 0 ANDREA GILBERT TRUSTEE 2.00 2.00 X 0 0 0 WILLIAM Y GILES TRUSTEE 2.00 0.00 X 0 0 0 C WILLIAM HANSON TRUSTEE 2.00 0.00 X 0 0 0 DAVID B MACGREGOR TRUSTEE 2.00 0.00 X 0 0 0 EDWIN B MAHONEY TRUSTEE 2.00 0.00 X 0 0 0 LAUREN M MASSIMO TRUSTEE 2.00 0.00 X 0 0 0 ELIZABETH P MACLEAN TRUSTEE 2.00 0.00 X 0 0 0 ALLAN L RAYFIELD TRUSTEE 2.00 0.00 X 0 0 0 EMORY H WOODARD TRUSTEE 2.00 0.00 X 0 0 0 THOMAS P GARVIN PRESIDENT & CEO 43.00 2.00 X 0 699468 26754 ROBERT L SUPPER SENIOR VP OF FINANCE & CFO 43.00 2.00 X 0 414169 22908 COLLEEN WALSH EXECUTIVE SERVICES MANAGER/SECRETARY 43.00 2.00 X 0 91592 14015 MEREDITH FEHER SR VP OF HEALTHCARE SERVICES 45.00 0.00 X 0 325852 26754 PATRICIA RODGERS SR. VP OF OPERATIONS, WAVERLY CARE & CONNECT 1.00 44.00 X 0 279439 21079 MARC HEIL VP BUILDING SERVICES 45.00 0.00 X 188933 0 28379 LAUREN KELLEY VP HUMAN RESOURCES 45.00 0.00 X 186856 0 27059 JACQUELINE DONNELLY DIRECTOR OF NURSING 45.00 0.00 X 201947 0 11276 CHAD MINIX CONTROLLER 45.00 0.00 X 169648 0 26797 JONATHAN PRAK DIRECTOR OF IT 45.00 0.00 X 142667 0 39616 MARGARET MARY FAHA SALES COUNSELOR 45.00 0.00 X 146624 0 16549 THOMAS E LYNCH DIRECTOR OF MAINTENANCE 45.00 0.00 X 125116 0 32329 CONSTANCE DOGAN VP OF ENVIRONMENTAL SERVICES 45.00 0.00 X 127508 0 21693 WEREUCHE NZE RN 45.00 0.00 X 138666 0 20783 1427965 1810520 335991 26 0 1 0 LIBERTY BUILDERS 619 ELLIS ROAD HAVERTOWN PA 19083 CONSTRUCTION SERVICES 3185415 UNIDINE CORPORATION PO BOX 102289 ATLANTA GA 30368 DINING SERVICES 2655043 WAVERLY SENIOR SERVICES 1400 WAVERLY ROAD GLADWYNE PA 19035 MANAGEMENT SERVICES 1972694 C RAYMOND DAVIS & SONS INC 2124 KIMBERTON ROAD PO BOX 157 KIMBERTON PA 19442 CONSTRUCTION SERVICES 1263228 SELECT REHABILITATION LLC PO BOX 71985 CHICAGO IL 60694 REHABILITATION THERAPY SERVICES 598151 23 383557 10128 383557 RESIDENTAL CARE FEES 623990 20329791 20329791 PERSONAL CARE 623990 5110174 5110174 SKILLED NURSING FACILITY 623990 4878847 4878847 MEMORY SERVICES 623990 2410556 2410556 AMORTIZATION OF DEFERRED REVENUE 623990 1794639 1794639 857548 857548 35381555 1957694 1957694 78078 54225 23853 23853 23853 3372911 8510 1306444 5418 2066467 3092 2069559 2069559 67497 78491 -10994 -10994 DINING INCOME 722514 319220 319220 MANAGEMENT FEE 561000 299236 299236 BEAUTY SHOP 812900 164586 164586 234126 234126 1017168 40822392 35381555 0 5057280 167328 167328 13921429 11433839 2487590 972062 798366 173696 2565880 2107389 458491 1057814 868796 189018 1972694 1972694 21886 21886 71181 71181 560 560 147777 147777 2259532 1889248 370284 120533 120533 291157 284983 6174 5715 5715 3454225 2872991 581234 64959 58293 6666 1720568 1396727 323841 6901164 5663004 1238160 473652 236826 236826 DINING SERVICES 2156382 2156382 SUPPLIES 1477564 1477564 MAINTENANCE & REPAIRS 1020760 1020760 DUES & SUBSCRIPTIONS 110368 109514 854 262217 222278 39939 41217407 32884821 8332586 0 875301 2871203 4556466 5612026 922702 100000 3052034 1881668 86196 102878 893219 975168 168367170 74340939 92529812 94026231 64847751 72375844 1287801 641616 191250 168750 1096558 854946 170339090 179610330 5299959 5601191 134647021 139832495 44133180 43101498 512958 1504255 2347777 186097373 190882961 X -17745068 -13215265 1986785 1942634 -15758283 -11272631 170339090 179610330 X -395015 3503500 1377167 X 0 1 X 1 0 X 1611628 767024 740994 416981 383557 3920184 29872677 30219446 31914561 34016563 35381555 161404802 31484305 30986470 32655555 34433544 35765112 165324986 1093923 958974 680016 740372 3473285 0 1093923 958974 680016 740372 3473285 161851701 1659906 921563 2952428 3592720 2035772 11162389 1069117 2852773 0 0 0 3921890 2729023 3774336 2952428 3592720 2035772 15084279 7380 1846 1219798 605621 1084665 2919310 34220708 34762652 36827781 38631885 38885549 183328575 0.88290 0.87770 0.08230 0.09190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 560 560 0 PART II-B, LINE 1: DUES ARE PAID TO LEADINGAGE, A PORTION OF WHICH ARE CONSIDERED TO BE USED FOR LOBBYING PURPOSES. 2579000 446000 418000 2607000 2043188 408231 464634 1986785 2056642 300806 314260 2043188 1863529 767024 573911 2056642 1371632 803456 311559 1863529 0.25000 0.03000 0.72000 0 0 11505208 11505208 61151155 24890099 36261056 61688788 28891185 32797603 31609161 20081209 11527952 2412858 478446 1934412 94026231 RESIDENT DEPOSITS 2002863 DUE TO RELATED PARTY 344914 2347777 44143503 3503500 -315105 3188395 40955108 -132716 -132716 40822392 41035018 132716 132716 40902302 315105 315105 41217407 PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES NETTED AGAINST REVENUE ON FINANCIALS -147,777. FINANCIAL ASSISTANCE NETTED AGAINST REVENUE ON FINANCIALS -167,328. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -54,225. COST OF GOODS SOLD - GIFT SHOP SALES -78,491. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 54,225. COST OF GOODS SOLD - GIFT SHOP SALES 78,491. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES NETTED AGAINST REVENUE ON FINANCIALS 147,777. FINANCIAL ASSISTANCE NETTED AGAINST REVENUE ON FINANCIALS 167,328. CENTRAL AMERICA AND THE CARRIBEAN - ANTIQUA, BARBUDA,ARUBA & BAHAMAS 0 0 INVESTMENTS 328096 0 0 0 0 0 0 328096 0 328096 0 0 1 0 0 0 1 MONTHLY MAINTENANCE FEE ASSISTANCE 1 167328 COST PART I, LINE 2: WAVERLY HEIGHTS MAINTAINS COMPLETE CONTROL OVER THE APPLICATION OF THE ASSISTANCE TO RESIDENTS' ACCOUNTS AND IS THEREFORE ABLE TO CONFIRM ALL ASSISTANCE IS USED FOR ITS INTENDED PURPOSE. NO FUNDS ARE DIRECTLY RELEASED TO ANY RECIPIENT. X X 1 1 0 0 0 0 0 0 0 1 0 THOMAS P GARVIN PRESIDENT & CEO 0 450887 0 232621 0 15960 0 0 0 26754 0 726222 0 0 ROBERT L SUPPER SENIOR VP OF FINANCE & CFO 0 276210 0 122576 0 15383 0 0 0 22908 0 437077 0 0 MEREDITH FEHER SR VP OF HEALTHCARE SERVICES 0 220722 0 91121 0 14009 0 0 0 26754 0 352606 0 0 PATRICIA RODGERS SR. VP OF OPERATIONS, WAVERLY CARE & 0 196918 0 81350 0 1171 0 0 0 21079 0 300518 0 0 MARC HEIL VP BUILDING SERVICES 159062 0 29516 0 355 0 0 0 28379 0 217312 0 0 0 LAUREN KELLEY VP HUMAN RESOURCES 158162 0 28474 0 220 0 0 0 27059 0 213915 0 0 0 JACQUELINE DONNELLY DIRECTOR OF NURSING 162055 0 38972 0 920 0 0 0 11276 0 213223 0 0 0 CHAD MINIX CONTROLLER 142326 0 27322 0 0 0 0 0 26797 0 196445 0 0 0 JONATHAN PRAK DIRECTOR OF IT 133972 0 8550 0 145 0 12862 0 26754 0 182283 0 0 0 MARGARET MARY FAHA SALES COUNSELOR 85333 0 61167 0 124 0 13139 0 3410 0 163173 0 0 0 WEREUCHE NZE RN 130936 0 7655 0 75 0 12391 0 8392 0 159449 0 0 0 THOMAS E LYNCH DIRECTOR OF MAINTENANCE 115284 0 9490 0 342 0 11250 0 21079 0 157445 0 0 0 PART I, LINE 1A TRAVEL AND MEALS FOR COMPANIONS TOTALED $1,550 AND SOCIAL CLUB DUES TOTALED $7,405. THESE PAYMENTS ARE TREATED AS TAXABLE INCOME TO THE PRESIDENT & CEO. PART I, LINE 3 THE PRESIDENT & CEO IS COMPENSATED BY WAVERLY SENIOR SERVICES, RELATED PUBLIC CHARITY, WHICH USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE. PART I, LINE 7 THE BONUS/INCENTIVE PAYMENTS MADE BY THE ORGANIZATION ARE CONSIDERED NON-FIXED PAYMENTS BECAUSE THE DETERMINATION OF THE AMOUNT RECEIVED INVOLVES DISCRETION. BONUSES/INCENTIVES ARE CALCULATED AS A PERCENTAGE OF THE EMPLOYEE'S BASE SALARY. THIS PERCENTAGE IS NOT FIXED, BUT IT IS LIMITED TO A NARROW PRE-SET RANGE. THE BOARD EXECUTIVE EVALUATION & COMPENSATION COMMITTEE TAKES INTO ACCOUNT MANY FACTORS IN DETERMINING IF A BONUS/INCENTIVE WILL BE PAID AND IF SO AT WHAT PERCENTAGE. THESE FACTORS INCLUDE BUT ARE NOT LIMITED TO: USE OF COMPARABILITY DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT, EMPLOYEE PERFORMANCE, FINANCIAL STATUS OF THE ORGANIZATION, ETC. THE BONUS/INCENTIVE IS NOT CONTINGENT ON NET EARNINGS OR REVENUE. BONUS/INCENTIVE PAYMENTS FOR ALL THOSE LISTED ON FORM 990, PART VII, SECTION A, LINE 1 ARE NOTED ON SCHEDULE J, PART II, COLUMN B(II). A MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232245125 613609K62 2019-06-06 48860710 USED TO REFINANCE 2006, 2013, 2015, AND 2016 BONDS ISSUED 0 0 0 A 5759212 48860710 854155 48006555 2019 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 3 WAVERLY SENIOR SERVICES, A RELATED PUBLIC CHARITY, PROVIDES MANAGEMENT SERVICES TO WAVERLY HEIGHTS EFFECTIVE JULY 1, 2023. THE MANAGEMENT FEE PAID DURING THIS YEAR WAS $1,972,694. FORM 990, PART VI, SECTION A, LINE 6 WAVERLY SENIOR SERVICES, A RELATED PUBLIC CHARITY, IS THE SOLE MEMBER OF WAVERLY HEIGHTS. FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES ARE ELECTED BY THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B THE APPROVAL OF WAVERLY SENIOR SERVICES, SOLE MEMBER AND PUBLIC CHARITY, IS REQUIRED FOR: (A) THE ADOPTION OF THE CORPORATION'S OPERATING AND CAPITAL BUDGETS, INCLUDING ANY DEVIATIONS THEREFROM OR REVISIONS OR AMENDMENTS THERETO; (B) THE INCURRENCE OF ANY MATERIAL INDEBTEDNESS THAT IS NOT INCLUDED IN THE CORPORATION'S OPERATING OR CAPITAL BUDGETS APPROVED BY THE MEMBER, OR ANY OTHER INDEBTEDNESS, WHETHER OR NOT INCLUDED IN SUCH BUDGETS, WHICH WOULD REQUIRE THE GUARANTY OR SURETY OF THE MEMBER; (C) THE ELECTION OR REMOVAL OF TRUSTEES OF THE BOARD; (D) THE AMENDMENT, ADOPTION, OR REPEAL OF THE ARTICLES OR THESE BYLAWS; (E) THE APPROVAL OF A PLAN OF MERGER OR CONSOLIDATION, CONVERSION, OR DIVISION, OR ANY OTHER TRANSACTION WITHIN THE SCOPE OF THE PENNSYLVANIA ENTITY TRANSACTIONS LAW, 15 PA. CONS. STAT. ANN. SEC. 311 ET SEQ.; THE CREATION OR ACQUISITION OF ANY SUBSIDIARY ORGANIZATION; THE ACQUISITION OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OR BUSINESS OF ANOTHER ENTITY; OR THE PARTICIPATION IN ANY ALLIANCE, JOINT VENTURE, AFFILIATION, OR OTHER RELATIONSHIP WITH ANOTHER ENTITY WHICH WOULD RESULT IN A CHANGE IN CONTROL OF THE CORPORATION OR SUCH ENTITY; (F) THE SALE, PLEDGE, LEASE, RELINQUISHMENT, TRANSFER, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF THE CORPORATION'S ASSETS; AND ANY CHANGES TO THE CORPORATION'S ORGANIZATIONAL STRUCTURE OR CORPORATE PURPOSE; (G) THE AUTHORIZATION AND DESIGNATION OF THE CORPORATION'S OFFICERS TO: EXECUTE A DEED OF ASSIGNMENT FOR THE BENEFIT OF CREDITORS; FILE A VOLUNTARY PETITION IN BANKRUPTCY; FILE AN ANSWER CONSENTING TO THE APPOINTMENT OF A RECEIVER; OR FILE AN ANSWER TO AN INVOLUNTARY PETITION IN BANKRUPTCY; (H) THE DETERMINATION TO INDEMNIFY A REPRESENTATIVE; (I) THE ELECTION OR REMOVAL OF ANY OF THE CORPORATION'S BOARD OFFICERS, THE PRESIDENT/CHIEF EXECUTIVE OFFICER OR THE CHIEF FINANCIAL OFFICER; OR (J) THE AUTHORIZATION, APPROVAL, AMENDMENT, OR TERMINATION OF ANY MANAGEMENT CONTRACT(S). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE CFO AND CONTROLLER. THE AUDIT COMMITTEE OF THE BOARD PERFORMS A FINAL REVIEW WITH THE INDEPENDENT ACCOUNTING FIRM AND A THEN A COPY IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C WAVERLY HEIGHTS' CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY TO PROVIDE GUIDANCE TO GOVERNING BOARD MEMBERS. ALL NEW MEMBERS SIGN OFF ON THIS POLICY UPON APPOINTMENT TO THE BOARD. ANY POSSIBLE CONFLICT OF INTEREST ON THE PART OF THE GOVERNING BOARD MEMBERS IS REQUIRED TO BE TIMELY DISCLOSED UPON REALIZATION OF THE POTENTIAL CONFLICT TO THE OTHER MEMBERS OF THE BOARD AND MADE A MATTER OF RECORD WHEN THE CONFLICT BECOMES A MATTER OF BOARD ACTION. THE BOARD MAKES THE DECISION AS TO WHETHER A POTENTIAL CONFLICT IS AN ACTUAL CONFLICT. ANY GOVERNING BOARD MEMBERS HAVING A CONFLICT OF INTEREST SHALL NOT VOTE OR USE THEIR PERSONAL INFLUENCE ON THE MATTER, EVEN WHERE PERMITTED BY LAW. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE, ABSTENTION AND THE QUORUM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT & CEO, OTHER OFFICERS, AND KEY EMPLOYEES OF WAVERLY HEIGHTS IS DETERMINED BY WAVERLY SENIOR SERVICES EXECUTIVE EVALUATION & COMPENSATION COMMITTEE BASED ON THE RECOMMENDATIONS FROM AN INDEPENDENT CONSULTANT. THE CONSULTANT BASES THEIR INFORMATION ON SURVEY DATA FROM SIMILAR LIFE PLAN COMMUNITIES AND EXTERNAL DATA. ADDITIONALLY, ANY SIGNIFICANT ADJUSTMENTS FOR CHANGE AND ANNUAL ADJUSTMENTS ARE REVIEWED AND RECOMMENDED BY THE WAVERLY SENIOR SERVICES EXECUTIVE EVALUATION & EXECUTIVE COMPENSATION COMMITTEE TO THE BOARD OF TRUSTEES. THIS PROCESS WAS REVIEWED AND APPROVED IN 2024. THE DELIBERATION AND FINAL DECISION WERE DOCUMENTED IN THE BOARD AND COMMITTEE MINUTES WITH SPECIFIC DETAILS DOCUMENTED IN CONFIDENTIAL EMPLOYEE FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY TRANSFER FROM WAVERLY SENIOR SERVICES 1,377,167. WAVERLY CARE MANAGEMENT LLC 1400 WAVERLY ROAD GLADWYNE PA 190351254 232212842 CARE MANAGEMENT SERVICES PA 217548 212487 WAVERLY HEIGHTS WAVERLY CARE 1400 WAVERLY ROAD GLADWYNE PA 190351254 232655145 COMPANION SERVICES PA 501(C)(3) LINE 10 WAVERLY SENIOR SERVICES 1 WAVERLY SENIOR SERVICES 1400 WAVERLY ROAD GLADWYNE PA 190351254 922896025 MANAGEMENT COMPANY PA 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1