2015-10-26T07:33:11-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2014-01-01 520607932 PRESBYTERIAN HOME OF MARYLAND INC PRES 4108234622 400 GEORGIA COURT TOWSON MD 21204 ERIK STULLER CFO 4108234622 2015-10-19 1 MELISSA LAFFERTY CPA P01222987 4104530900 2014 2016-02-25 16:41:14Z SUSAN F SHEA 400 GEORGIA COURT TOWSON MD 21204 15382704 0 X WWW.PRESBYTERIANHOMEOFMD.ORG X 1883 MD THE PRESBYTERIAN HOME OF MARYLAND, INC, PROVIDES RETIREMENT LIVING AND HEALTH CARE SERVICES. 13 10 100 40 0 0 69655 97316 4678731 4664296 2834710 1900029 -2136289 -73317 5446807 6588324 0 0 0 0 4397296 4294312 0 0 13996 2310328 2326631 6707624 6620943 -1260817 -32619 45344902 44944946 6704297 4463797 38640605 40481149 X THE PRESBYTERIAN HOME OF MARYLAND, INC, IS A NONPROFIT 501(C)3 ORGANIZATION LOCATED IN TOWSON, MARYLAND THE HOME PROVIDES RETIREMENT LIVING AND HEALTH CARE THROUGH THE CONTINUUM OF LIFE DEDICATED TO SUPERB SERVICE WITH THE VALUES OF DIGNITY, TRUST AND INDEPENDENCE. 0 0 4863357 4664296 PRESBYTERIAN HOME IS A CONTINUING CARE RETIREMENT COMMUNITY LICENSED FOR 78 ASSISTED LIVING UNITS AND 22 COMPREHENSIVE CARE UNITS WHICH PROVIDED SUPERIOR QUALITY CARE FOR 95 RESIDENTS DURING 2014 BY PROVIDING THE FOLLOWING PROGRAM SERVICES. HISTORY: ON JANUARY 24, 1884, THE PRESBYTERIAN HOME OF BALTIMORE, AS IT WAS THEN KNOWN, FIRST OPENED ITS DOORS ON CALVERT STREET IN DOWNTOWN BALTIMORE IN 1920. THE NAME OF THE RESIDENCE WAS CHANGED TO THE PRESBYTERIAN HOME OF MARYLAND, AND IN 1929 THE HOME MOVED TO ITS CURRENT LOCATION, THE OFFUTT ESTATE, A LARGE AND GRACIOUS HOME IN TOWSON, MARYLAND. OVER THE COURSE OF TIME NUMEROUS CHANGES HAVE BEEN MADE TO THE ORIGINAL DWELLING. THE CONSTRUCTION OF ADDITIONAL WINGS HAS ALLOWED THE HOME TO EXPAND ITS POPULATION, AND THE ADDITION OF A WELLNESS AREA, INCLUDING AN ACTIVITY CENTER AND PHYSICIAN'S SUITE, HAS ALLOWED US TO PROVIDE UP-TO-DATE ACCOMMODATIONS AND SERVICES WITHIN THE HOME'S GRACIOUS ENVIRONMENT TODAY. THE HOME SITS AMIDST MATURE TREES, FLOWERING SHRUBS AND BEAUTIFULLY LANDSCAPED GROUNDS. A WALKING PATH WITH CONVENIENTLY PLACED BENCHES MEANDERS BESIDE A LOW STONE WALL ON THE EDGE OF THE PROPERTY, AND SITTING PORCHES GRACE. THE FACADE OF THE BUILDING RESIDENTS ENJOY BOTH THE CHARMING OUTDOOR SURROUNDINGS AND THE MANY WELCOMING AND COMFORTABLE AREAS WITHIN THE BUILDING ITSELF. IN ADDITION, THE SURROUNDING NEIGHBORHOOD OFFERS A VAST ARRAY OF SOCIAL, CULTURAL, EDUCATIONAL AND RECREATIONAL OPPORTUNITIES TO KEEP EVEN THE MOST ACTIVE RESIDENTS BUSY. OVER THE YEARS, THE PRESBYTERIAN HOME HAS GROWN FROM AN INSTITUTION SERVING THE NEEDS OF CHURCH MEMBERS TO A COMMUNITY THAT WELCOMES RESIDENTS OF ALL FAITHS AND DENOMINATIONS. THE PRESBYTERIAN HOME OF MARYLAND REMAINS TRUE TO ITS MISSION OF PROVIDING SUPERIOR QUALITY SERVICES IN A CARING AND RESPECTFUL MANNER, ENCOURAGING EACH RESIDENT TO ENJOY HIS/HER LIFE TO THE FULLEST EXTENT. POSSIBLE SERVICES THE PRESBYTERIAN HOME OFFERS ITS RESIDENTS A VAST ARRAY OF SERVICES DESIGNED TO PROVIDE THE FINEST QUALITY OF CARE AS WELL AS THE FINEST QUALITY OF LIFE POSSIBLE. THESE SERVICES INCLUDE NURSING, MEDICAL CARE, ENVIRONMENTAL, DIETARY AND ACTIVITIES IN ADDITION, ALL SERVICE PROVIDERS ADHERE TO OUR POLICY OF RESPECT FOR THE DIGNITY OF EACH RESIDENT NURSING SERVICES. OVER THE LAST 130 YEARS, THE PRESBYTERIAN HOME HAS BUILT A DISTINCTIVE REPUTATION FOR PROVIDING SUPERB NURSING CARE AND MAINTAINING ONE OF THE HIGHEST STAFF TO RESIDENT RATIOS IN THE AREA UNDER THE SUPERVISION OF OUR DIRECTOR OF NURSING. PHM HAS LICENSED STAFF ON- SITE 24 HOURS A DAY, 7 DAYS A WEEK. OUR NURSING STAFF IS REQUIRED TO PARTICIPATE IN REGULAR CLINICAL TRAINING THROUGH IN-SERVICE CLASSES AS WELL AS ATTENDING OUTSIDE QUALIFIED CLASSES. THIS ENSURES OUR MEDICAL PERSONNEL ARE KEPT ABREAST OF THE LATEST IN THE FIELD OF GERIATRIC CARE AND TREATMENT. EVERY PART OF THE PRESBYTERIAN HOME OF MARYLAND IS DESIGNED TO FEEL LIKE HOME. WE ARE COMMITTED TO OFFERING THE MOST INDEPENDENT LIFESTYLE WHILE TAILORING THE RESIDENT'S CARE PLAN TO MEET INDIVIDUAL NEEDS. TO DETERMINE THE LEVEL OF CARE, OUR CLINICAL TEAM WILL ASSESS THE PROSPECTIVE RESIDENT'S ABILITY TO PERFORM ACTIVITIES OF DAILY LIVING (AOL'S). THE AOL'S INCLUDE BATHING, DRESSING, MEDICATION ADMINISTRATION, MOBILITY, TOILETING, DINING AND COGNITION. A COMPREHENSIVE CARE PLAN WILL THEN BE IMPLEMENTED TO ENSURE THE SAFETY AND COMFORT OF OUR RESIDENT BECAUSE EACH RESIDENT IS UNIQUE. THEY WILL BE EVALUATED WITH THAT IN MIND. THE CARE PLAN WILL TAKE INTO CONSIDERATION THE GENERAL PHYSICAL, MENTAL AND PSYCHO-SOCIAL SITUATION OF THE RESIDENT. MEMBERS OF THE CARE TEAM WILL ADDRESS MEDICAL AND NURSING CARE, THERAPIES, MEALS AND FOOD SERVICE, ACTIVITIES AND EMOTIONAL NEEDS. BECAUSE WE OFFER THREE LEVELS OF ASSISTED LIVING AND A HEALTH CARE CENTER, ONCE ADMITTED, OUR RESIDENTS CAN REMAIN HERE AS THEIR NEED FOR MORE DAILY ASSISTANCE INCREASES FOR THOSE RESIDENTS WHO MAY BECOME TERMINALLY ILL. THE PRESBYTERIAN HOME WORKS WITH SEVERAL PREFERRED HOSPICE PROVIDERS. THESE PROVIDERS WORK IN TANDEM WITH OUR MEDICAL STAFF TO HELP FOSTER COMFORT, SELF-RESPECT AND TRANQUIUTY TO THE RESIDENT AND THE FAMILY. THE PRESBYTERIAN HOME OF MARYLAND RECOGNIZES THE NEED FOR SHORT-TERM, TEMPORARY RELIEF FOR THOSE CARING FOR ELDERLY FAMILY MEMBERS WHO MIGHT OTHERWISE REQUIRE PERMANENT PLACEMENT IN A COMMUNITY OUTSIDE OF THEIR HOME. OUR RESPITE CARE SERVICE IS DESIGNED TO PROVIDE THE SAME HIGH STANDARD OF CARE THAT OUR PERMANENT RESIDENTS ENJOY ONLY ON A PLANNED, TEMPORARY BASIS. MEDICAL SERVICES: THE HOME HAS A MEDICAL DIRECTOR AND AN ASSISTANT MEDICAL DIRECTOR OF MEDICAL CARE. THESE PHYSICIANS ARE AVAILABLE ON SITE WEEKLYAND ARE AVAILABLE AS THE NEEDS OF OUR RESIDENTS ARISE. THE MEDICAL DIRECTOR PROVIDES SUPERVISION AND DIRECTION TO OUR NURSING SERVICES DEPARTMENT. RESIDENTS ARE FREE TO CHOOSE THEIR OWN PHYSICIANS, AND REFERRALS ARE MADE TO SPECIALISTS WHENEVER NECESSARY. SPECIALIZED CARE IS PROVIDED AT THE HOME ON A REGULAR BASIS BY THE FOLLOWING: PODIATRY, SPEECH THERAPY, PHYSICAL THERAPY, PHARMACY, OCCUPATIONAL THERAPY, GERIATRIC PSYCHIATRY, EXERCISE/FITNESS PROGRAMS. TWO OF MARYLAND'S FINEST HOSPITALS, GREATER BALTIMORE MEDICAL CENTER AND UNIVERSITY OF MARYLAND ST JOSEPH MEDICAL CENTER, ARE LESS THAN A 5 MINUTE RIDE FROM THE HOME. ENVIRONMENTAL SERVICES: MAKING SURE THE HOME IS NEAT AND CLEAN IS JUST ONE FUNCTION OF THIS IMPORTANT DEPARTMENT'S ROLE TO THE OVERALL HARMONY OF THE HOME SERVICES INCLUDE PERSONAL LAUNDRY, FACILITY LINEN, TRASH REMOVAL AND MAINTENANCE. THE PRESBYTERIAN HOME OF MARYLAND IS THE PROUD RECIPIENT OF THE 2006 DIAMOND AWARD FOR OUTSTANDING PERFORMANCE IN ENVIRONMENTAL CONTROL BY THE BALTIMORE COUNTY HEALTH DEPARTMENT. DIETARY SERVICES: PROPERNUTRITION AS WELL AS A PLEASING PRESENTATION PLAYS AN IMPORTANT ROLE IN THE GOOD HEALTH OF ALL SENIORS UNDER THE SUPERVISION OF OUR DIRECTOR OF HOSPITALITY. ALL THREE MEALS ARE CAREFULLY PREPARED BY OUR DIETARY TEAM. A REGISTERED DIETITIAN ALSO PROVIDES CONSULTATION AND SUPPORT TO OUR FOOD SERVICE DEPARTMENT. MEALS ARE SERVED IN TWO ATTRACTIVE DINING ROOMS WHERE RESIDENTS CAN ENJOY SMALL GROUPS OF FRIENDS. RESIDENTS HAVE THEIR CHOICE OF ENTREE AT THE DINNER MEAL, AND THE HOME ALWAYS HAS A SUBSTITUTE ENTREE AVAILABLE FOR THOSE RESIDENTS WHO CHOOSE NOT TO ATTEND THE MAIN DINING ROOM. FOR THE BREAKFAST MEAL, THEY CAN ENJOY A CONTINENTAL BREAKFAST INCLUDING JUICES, CEREAL AND FRESH FRUITS. THE CONTINENTAL BREAKFAST IS CONVENIENTLY LOCATED EACH MORNING IN OUR SPACIOUS KITCHENETTES LOCATED ON EACH WING OF THE HOME. LIFESTYLE AND WELLNESS: THE PRESBYTERIAN HOME OF MARYLAND OFFERS MANY VARIED ACTIVITIES ON A DAILY BASIS TO MEET THE NEEDSOF ALL OF OUR RESIDENTS. MANY OF OUR RESIDENTS CHOOSE TO ENGAGE IN MORE INDEPENDENT ACTIVITIES SUCH AS IN-HOUSE COLLEGE CLASSES, READING,SOCIALIZING WITH FRIENDS, OR ATTENDING THE LOCAL SENIOR CENTER LOCATED ONLY A FEW BLOCKS FROM OUR FACILITY. OTHERS CHOOSE TO FILL THEIR DAYS WITH AN ASSORTMENT OF ACTIVITIES INCLUDING CRAFTS AND ENTERTAINMENT. WE OFFER SEVERAL WEEKLY SOCIALS INCLUDING OUR VERY POPULAR WINE & CHEESE SOCIAL AND ICE CREAM SOCIAL. ALL ACTIVITIES ARE PLANNED, IMPLEMENTED AND SUPERVISED BY OUR CERTIFIED RECREATION THERAPIST. THE PRESBYTERIAN HOME OF MARYLAND HOSTS SEVERAL EVENTS THROUGHOUT THE YEAR FOR RESIDENTS, VOLUNTEERS, FAMILIES AND STAFF. THESE SPECIAL EVENTS OFFER A CHANCE FOR RESIDENTS AND GUESTS TO GATHER FOR SOCIALIZATION AND TO TAKE PART IN PARTIES, FUNDRAISERS AND SPECIAL OCCASIONS. SOME OF THE EVENTS HOSTED EACH YEAR INCLUDE THE ANNUAL RESIDENT SHRIMP FEAST, THE ANNUAL CRAB FEAST, OUR FRIENDS & FAMILY SUPPER, AND SEVERAL HOLIDAY EVENTS 4863357 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 52 0 1 100 1 0 0 0 0 0 0 0 0 0 0 X 13 10 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X ERIK STULLER 4108234622 400 GEORGIA COURT TOWSON MD 21204 LOUISA LESLIE CHAIRMAN OF THE BOARD 0.20 X X 0 0 0 J THOMAS HYDE VICE CHAIRMAN 0.20 X X 0 0 0 BETTY PEARCE SECRETARY 0.20 X X 0 0 0 KAREN HOFFMAN TREASURER 1.00 X X 0 0 0 JOSEPH SLOVIK ASSISTANT TREASURER 1.00 X X 0 0 0 SUSAN F SHEA PRESIDENT & CEO 40.00 X X 175760 0 21671 ERIK STULLER CFO 40.00 X X 157331 0 7491 SHAWN PYLE BOARD MEMBER 0.20 X 0 0 0 JOSEPH SNEE JR BOARD MEMBER 0.20 X 0 0 0 RIC BRYANT BOARD MEMBER 0.20 X 0 0 0 JON H LIVEZEY BOARD MEMBER 0.20 X 0 0 0 CAROL LIENHARD BOARD MEMBER 0.20 X 0 0 0 KENNETH GREENE BOARD MEMBER 0.20 X 35122 0 0 THELMA TAYLOR DIRECTOR OF NURSING 40.00 X 101034 0 5067 469247 0 34229 3 0 1 0 BROWN ADVISORY 901 SOUTH BOND STREET SUITE 400 BALTIMORE MD 21234 INVESTMENT MGMT 130289 1 97316 97316 MONTHLY FEES 623000 4626713 4626713 ADMISSION FEES 623000 31149 31149 OTHER RESIDENT FEES 623000 6434 6434 4664296 639727 639727 19679 0 19679 19679 19679 10053691 8784512 8877 1269179 -8877 1260302 1260302 635 991 -356 -356 LOSS ON CONTRACT CANCELLATION 623000 -92640 -92640 -92640 6588324 4664296 0 1826712 527060 190003 333295 3762 3069376 2400211 665013 4152 112047 84306 27580 161 318804 249502 68960 342 267025 195941 70583 501 912 912 42186 42186 174720 174720 216309 116048 100261 150673 150673 112860 27578 84874 408 26723 8953 17770 241172 241172 26946 4914 22032 34077 7449 26628 128990 128990 317676 287453 29165 1058 147807 70649 77137 21 FOOD & DINING 280757 280757 MEDICAL & HOSPITAL 249705 249705 OTHER 75632 5287 69243 1102 RESIDENT ACTIVITIES & A 70533 70533 28953 614068 -587604 2489 6620943 4863357 1743590 13996 560 87 2357179 2335388 29771 105716 83299 101083 10137749 6715141 3295124 3422608 31390198 30848624 8188771 8131440 45344902 44944946 815668 913228 32863 1714 3726766 3447855 2129000 101000 6704297 4463797 X 37139070 39041466 580497 518642 921038 921041 38640605 40481149 45344902 44944946 X -32619 844445 1028718 X X 0 1 X 1 0 X 103088 87097 92191 69654 97316 449346 4121011 4119895 4429371 4678732 4664296 22013305 4224099 4206992 4521562 4748386 4761612 22462651 10520 9361 12638 11228 5538 49285 237322 823171 1021272 1023559 1228926 4334250 247842 832532 1033910 1034787 1234464 4383535 18079116 851148 791879 741109 679189 659406 3722731 851148 791879 741109 679189 659406 3722731 5075247 4998871 5262671 5427575 5421018 26185382 0.69040 0.69420 0.14220 0.15610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 6620943 6620943 481047 120262 0 0 378167 381930 401241 481047 1642385 2463578 60453 37 109 60599 94542 95483 100310 120262 410597 615896 82 37 109 228 1482117 17316 41852 115213 6146 1419926 1369790 3752 211840 97722 5543 1482117 1280907 26080 160143 91755 5585 1369790 1399402 -38323 75000 5172 1280907 1348422 133635 75000 7655 1399402 0.64870 0.35130 0 0 66243 66243 7923005 5690730 2232275 1333391 1024411 308980 815110 815110 3422608 ACCRUED INVESTMENT INCOME 68737 LAND AVAILABLE FOR SALE 7000000 BENEFICIAL INTEREST IN REMAINDER TRUSTS 19757 OTHER ASSETS LONG TERM 44314 OTHER ASSETS CURRENT 13877 DEPOSITS FOR LAND ACQUISITION 984755 8131440 REFUNDABLE ENTRANCE FEE LIABILITY 101000 101000 X 8461487 844445 1028718 1873163 6588324 0 6588324 6620943 0 6620943 0 6620943 PART V, LINE 4: TO PROVIDE SUPPORT TO PROGRAMS OFFERED. PART X, LINE 2: THE ORGANIZATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH THE INCOME TAX STANDARD THIS STANDARD PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 OR 2013 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES 1,928,000. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 889. CHANGE IN VALUE OF LAND -900,171. X X X X X 0 0 0 0 0 0 0 0 0 SUSAN F SHEA PRESIDENT & CEO 167330 0 993 0 7437 0 7721 0 13950 0 197431 0 0 0 ERIK STULLER CFO 156250 0 901 0 180 0 6293 0 1198 0 164822 0 0 0 SNEE MAHONEY LUTCHE & HELMLINGER PA JOSEPH SNEE, A BOARD MEMBER, OWNS GREATER THAN 35% OF THE LAW FIRM. 77346 LEGAL SERVICES RENDERED 0 FORM 990, PART VI, SECTION A, LINE 7A MARYLAND LAW REQUIRES THAT A RESIDENT OF THE FACILITY, ELECTED BY THE RESIDENT POPULATION, SERVE AS A MEMER OF THE BOARD. THE BOARD IS SELF PERPETUATING. ALL NEW MEMBERS HAVE THE SAME RIGHTS AS EXISTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS MAY REQUIRE THE APPROVAL OF THE MARYLAND DEPARTMENT OF AGING AS A MATTER OF LAW. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CFO AND THE TREASURER. A COPY IS PROVIDED TO THE ENTIRE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS THIS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE PERSONNEL COMMITTEE RECOMMENDS THE ANNUAL SALARY AMOUNT OF THE CEO AND CFO TO THE BOARD OF DIRECTORS ANNUALLY. PUBLISHED INDUSTRY COMPENSATION GUIDES ARE USED AS A GUIDE BY THE COMMITTEE. THE REVIEW TAKES PLACE ANNUALLY, AND THE INFORMATION IS PRESENTED BY THE COMMITIEE TO THE BOARD OF DIRECTORS IN DECEMBER FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FUTURE SERVICE OBLIGATION 1,928,000. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 889. CHANGE IN VALUE OF LAND -900,171. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR MARYLAND HOME & SERVICES FOR THE AGING INC 400 EAST GEORGIA COURT TOWSON MD 21204 352225877 HOLDING COMPANY MD PRESBYTERIAN HOME OF MARYLAND INC C 1.00000 1 MARYLAND HOME & SERVICES FOR THE AGING FOUNDATION 400 EAST GEORGIA COURT TOWSON MD 21204 260079952 SUPPORTING FOUNDATION MD PRESBYTERIAN HOME OF MARYLAND INC C 1.00000 1 THE VILLAGE AT CARSINS RUN INC 400 EAST GEORGIA COURT TOWSON MD 21204 364549749 PLANNED CCRC MD MARYLAND HOME & SERVICES FOR THE AGING C 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0