2012-07-25T10:55:04-07:00 2011-12-31 990 2011-01-01 412273452 PHI GROUP RETURN PHIG 7175028840 One Trinity Drive East Suite 201 Dillsburg PA 170198522 Jeffrey Davis 7175028840 2012-05-30 2011 2016-02-24 21:20:13Z Presbyterian Senior Living Stephen Proctor One Trinity Drive East Suite 201 Dillsburg PA 17019 235357923 1 1 3292 X www.presbyterianseniorliving.org X 1927 PA To offer Christian understanding, compassion and a sense of belonging to those whose needs may be physical, psychological, social, financial or spiritual in nature, by providing a full range of high-quality health care, housing, and other related community services directed primarily to seniors and which contribute to the wholeness of body, mind and spirit. 15 15 3355 1850 0 0 3208544 1679341 174322650 184229320 745628 2767661 2989 2433 178279811 188678755 0 0 0 0 86063043 88917941 0 0 719226 84239581 88578017 170302624 177495958 7977187 11182797 360041618 398966803 300225480 331599181 59816138 67367622 Offer Christian understanding, compassion and a sense of belonging to those whose needs may be physical, psychological, social, financial or spiritual in nature, by providing a full range of high-quality health care, housing, and other related community services directed primarily to seniors and which contribute to the wholeness of body, mind and spirit. 0 0 117321084 0 184231753 The organizations with the PHI group form a network of communities and services that meet the diverse needs of seniors in Pennsylvania, Maryland, Delaware and southeastern Ohio. The organizations foster and sponsor living facilities to provide housing, as well as a full range of quality healthcare and other related community services for the elderly. 23769341 0 750236 The organizations within the PHI group provide services without charge or at less than their established rates to residents who meet certain criteria under PHI's subsidized care policy. Because the organizations do not pursue collection of amounts determined to qualify as subsidized care, they are not reported as revenue. In addition, the organizations consider contractual allowances subsidized care. Charity care provided at the estimated cost, net of amounts received by residents and third party payors approximated $3.9 million. Additional benevolent care provided at amounts less than pre-established charges for private pay services approximated $19.4million. (1267 clients) 0 0 0 141090425 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 1 670 0 1 3355 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 DE MD OH PA X Jeffrey J Davis 7175028840 One Trinity Drive East Suite 201 Dillsburg PA 170198522 Philip Miller 5 X X 0 0 0 Ann Fedorchak 5 X X 0 0 0 Thomas Beaver III 5 X 0 0 0 John Fargnoli 5 X 0 0 0 John Frye 5 X 0 0 0 George Glen 5 X 0 0 0 Alf Halvorson 5 X 0 0 0 Robert Hormell 5 X 0 0 0 Sharon Kelly 5 X 0 0 0 Howard Livingston 5 X 0 0 0 LeRoy Maxwell 5 X 0 0 0 Susan McCarter 5 X 0 0 0 Kathy Pearson 5 X 0 0 0 Susan Weiss 5 X 0 0 0 David Wolff 5 X 0 0 0 Stephen Proctor 40 X X 0 475651 24111 MaryAnne Adamczyk 40 X X 0 242933 15852 Jeffrey J Davis 40 X X 0 282243 26453 Donna Casner 40 X 0 151704 11801 Nancy Deibler 40 X 0 57384 7759 James Bernardo 40 X 0 292977 24108 Louise Sobke 40 X 0 182551 8395 Belva Marco 40 X 101942 0 4513 Hope Manning 40 X 101066 0 5523 Thomas Connors 40 X 103664 0 4590 Adelye Harding 40 X 103496 0 2226 410168 1685443 135331 4 0 1 0 Benchmark Construction Company Inc PO Box 806 4121 Oregon Pike Brownstown PA 17508 Construction 16621077 Genesis Rehabilitation Services 101 E State Street Kennett Square PA 19348 Therapy 7750562 Millennuim Pharmacy Systems Inc 200 West Kensinger Drive Suite 600 Cranberry Twp PA 16066 Pharmaceuticals 3615792 CURA Hospitality Inc 2970 Corporate Court Ste 5 Orefield PA 18069 Food Services 4935779 Sodexo Inc & Affiliates PO Box 360170 Pittsburgh PA 15251 Food services 3426048 89 0 0 138605 0 72352 1468384 22190 1679341 Resident Service Revenue 623000 109371760 109371760 0 0 Medicare and Medicaid Payments 623000 74857560 74857560 0 0 0 0 0 0 184229320 1958654 0 0 1958654 0 0 0 0 2433 2433 0 0 0 0 44987155 2501020 45341203 1337965 -354048 1163055 809007 0 0 809007 138605 0 188678755 184231753 0 2767661 0 0 0 0 0 0 0 0 410168 207160 203008 0 0 0 0 0 68381720 62953941 5427779 0 2081983 1915764 166219 0 12970734 9582937 3387797 0 5073336 4740185 333151 0 11969061 0 11251405 717656 43726 0 43726 0 33971 9871 24100 0 0 0 0 0 0 0 236696 0 236696 0 18678279 17333958 1344204 117 608764 580 608184 0 16091718 12909509 3180756 1453 1880580 0 1880580 0 0 0 0 0 11587992 11061727 526265 0 498995 339970 159025 0 0 0 0 0 36690 775 35915 0 5011712 0 5011712 0 0 0 0 0 13429047 12894571 534476 0 1671475 1261092 410383 0 Bad Debt Expense 920926 0 920926 0 Pharmacy Costs 3398116 3398116 0 0 Medical Supplies 2480269 2480269 0 0 177495958 141090425 35686307 719226 32091 35591 2615539 2826851 876357 345280 15332546 16178623 0 0 0 0 0 0 291293 322930 4616155 6134974 456560556 214715229 223794206 241845327 68175183 75945750 0 0 0 0 44308248 55331477 360041618 398966803 49571754 47057090 0 0 64420704 63889481 167615223 171886933 0 0 0 0 2786556 28668116 11418078 16002146 4413165 4095415 300225480 331599181 X 36238146 46929320 4779514 2819693 18798478 17618609 59816138 67367622 360041618 398966803 X 11182797 -3631313 X 0 1 1 X 1 1 X 3673057 9862038 2417878 3208544 1679341 20840858 153413517 162096135 167481434 174322650 184229320 841543056 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 157086574 171958173 169899312 177531194 185908661 862383914 8229 41108 34225 9460 19251 112273 0 6280801 0 0 0 6280801 8229 6321909 34225 9460 19251 6393074 855990840 3265931 2979306 2763626 2561435 1961087 13531385 0 0 0 0 0 0 3265931 2979306 2763626 2561435 1961087 13531385 0 0 0 0 0 0 0 0 0 0 0 0 160352505 174937479 172662938 180092629 187869748 875915299 0.97725 0.97454 0.01545 0.01791 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5016923 87605 113413 0 153795 0 5064146 4705040 296720 111052 0 95889 0 5016923 4601307 95047 49226 0 40540 0 4705040 4347788 189176 156911 0 92568 0 4601307 0 0.9375 0.0625 0 0 0 36232971 36232971 0 318090715 159069932 159020783 0 0 0 0 0 47968095 40416315 7551780 0 54268775 15228982 39039793 241845327 Assets whose use is limited 22873108 Assets under capital lease 166822 Funds held in trust by others 12685199 Due from affiliate 19560036 Deposits 46312 55331477 0 Fair value of interest rate swaps 1792358 Annuities payable 1108758 Obligations under capital leases 163362 Resident deposits 1030937 4095415 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds consist of donor restricted funds established for a variety of purposes supporting the Corporation. This includes, but is not limited to, charity care. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Corporation follows the Financial Accounting Standards Board (FASB) accounting standard for accounting for uncertainty in income taxes. This standard clarifies the accounting for uncertainty in income taxes in a company's consolidated financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. The standard also provides guidance on derecognition, classification, interest and penalties, and disclosure. Management has determined that this standard does not have a material impact on the consolidated financial statements. PSL Golf Outing 95255 60261 34994 0 11814 11520 7410 3600 650 WVD Season's Bounty 22662 13711 8951 0 687 2081 2324 350 3509 17 106252 64633 41619 0 1106 0 11648 4075 24790 224169 138605 85564 0 13607 13601 21382 8025 28949 85564 0 X X X X 0 0 0 0 0 0 0 0 0 Stephen Proctor 0 422757 0 48550 0 4344 0 11025 0 13086 0 499762 0 0 MaryAnne Adamczyk 0 214558 0 24582 0 3793 0 9727 0 6125 0 258785 0 0 Jeffrey J Davis 0 249170 0 28917 0 4156 0 11025 0 15428 0 308696 0 0 James Bernardo 0 260032 0 30045 0 2900 0 11025 0 13083 0 317085 0 0 Donna Casner 0 136119 0 15315 0 270 0 6174 0 5627 0 163505 0 0 Louise Sobke 0 163357 0 17308 0 1886 0 7351 0 1044 0 190946 0 0 Belva Marco 96537 0 4831 0 574 0 4293 0 220 0 106455 0 0 0 Hope Manning 96377 0 4571 0 118 0 4227 0 1296 0 106589 0 0 0 Thomas Connors 97920 0 5673 0 71 0 4398 0 192 0 108254 0 0 0 Adelye Harding 93942 0 5673 0 3880 0 2054 0 173 0 105722 0 0 0 Nancy Deibler 0 54756 0 2130 0 498 0 2499 0 5260 0 65143 0 0 SchJ_P01_S00_L03 Schedule J, Part I, Line 3 Every year, salaries for executives are determined based on comparative data from AASHA's sponsored salary survey called CEMO Leadership Compensation Survey. These salaries are then approved by the Board of Directors. For highest paid employees, salaries are set during the yearly budgeting process by the executive directors of each facility in conjunction with the Controller and Chief Financial Officer. These wages are also compared to market studies and are approved, in total, by the board. Cumberland County Municipal Authority Revenue Bond 2008A 236003119 230614DN6 2008-06-05 17446961 Complete description on Part V - Supplemental information 0 0 0 College Township Industrial Development Authority 251247551 000000000 2005-09-27 3800000 Complete description on Part V - Supplemental information 0 0 0 Cumberland County Municipal Authority Revenue Bonds 2008B 236003119 230614DQ9 2008-06-05 45000000 Complete description on Part V - Supplemental information 0 0 0 Cumberland County Municipal Authority Revenue Bonds Series 2008C 236003119 230614DR7 2008-11-19 15685000 Complete description on Part V - Supplemental information 0 0 0 1530000 0 17491407 1426737 2360144 0 273586 0 0 16064671 0 0 2009 0 0 1 1 520368 0 3800000 0 0 0 74885 0 0 3725115 0 0 2006 0 0 1 1 0 0 45000861 1830533 0 0 595066 0 0 9656399 0 0 2008 1 0 1 1 0 0 15685000 0 0 0 338251 0 0 0 0 0 2008 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 1 1 Complete description on Part V - Supplemental information 4.5 0 0 0 0 1 0 1 0 0 0 1 X SchK_P01_S00_L00f Schedule K, Part I, Column f The proceeds of the Cumberland County Municipal Authority Revenue Bonds Series 2008A were used to finance $15,431,875 of capital improvements, fund the debt service reserve fund and pay the costs of issuance of the 2008A bonds. The proceeds of the Cumberland County Municipal Authority Revenue Bonds Series 2008B were used to refund all of the Kirkland Village Northampton County Series 1998 and 2002 bonds, finance capital improvements of $9,656,399 and pay the costs of issuance of the 2008B Bonds. The proceeds from the Cumberland County Municipal Authority Variable Rate Revenue Bonds Series 2008C were used to refund all of the Presbyterian Homes Cumberland County 2005B Series Bonds and pay the cost of issuance of the 2008C bonds. The proceeds of the Cumberland County Municipal Authority Variable Rate Revenue Bonds Series 2003A were used to refund the Presbyterian Homes Cumberland County 1996 bonds bearing a maturity date of 12/1/2003-12/1/2012, finance various capital expenditures, fund the debt service reserve fund for the Series 2003A bonds and pay the costs of issuing the Series 2003A Bonds. The proceeds from the Waynesboro Borough Authority Mortgage Revenue Note Series 2007 were used to refund the promissory notes dated 08/27/1974, 12/17/1993, and 07/18/1997, pay the costs of acquiring, constructing, renovating, equipping and furnishing Quincy Retirement Community, and pay the costs of issuing the Series 2007 Note. The proceeds of the College Township Industrial Development Authority Mortgage Revenue Note Series 2005 were used to acquire, construct, and equip an 18-bed personal care facility, to renovate and improve the existing 120-bed skilled nursing facility and to pay the costs of issuance of the Series 2005 Note. The Cumberland County Municipal Authority Variable Rate Revenue Bonds Series 2003B were used to fund $8,825,000 of capital improvements, and to pay the costs of issuance of the 2003B Bonds. The Cumberland County Municipal Authority Variable Rate Revenue Bonds Series 2005A were used to advance refund all of the Issuers' Revenue Bonds, Series 1996, for certain capital expenditures, to fund a debt service reserve fund and to pay the costs of issuance of the 2005A Bonds. The proceeds from the York County Industrial Development Authority Bonds Series 2010 were used to construct 24 independent living villas, a community center, purchase 80 acres of undeveloped land adjacent to the campus and other capital expenditures at Westminster Woods Huntingdon, construct a new senior living campus adjacent to Bloomsburg Hospital, purchase 13 acres of land to construct a new senior living campus to include two independent living apartment buildings containing 110 apartments and a 32-unit assisted living building in Lancaster County, complete the construction of a 41-unit independent living apartment building, construct a new town center building and other capital expenditures in York County, and to construct and equip a 90-unit independent living center with dining and social space, renovate the existing facilities and other miscellaneous capital expenditures at Ware Presbyterian Village. SchK_P04_S00_L03c Schedule K, Part IV, Line 3c For the Cumberland County Municipal Authority Revenue Bonds Series 2008B, the organization had entered into four different hedge agreements. The first agreement is with M&T Bank for $10,000,000 and has an interest rate of 0.95. Two are with Wells Fargo. These two agreements are for $10,000,000 each and have interest rates of 3.09 and 3.28. The remaining agreement is with Bank of America for $10,000,000 and has an interest rate of 0.41. Cumberland County Municipal Revenue Bonds Series 2003A 236003119 230614BQ1 2003-01-23 20198694 Complete description on Part V - Supplemental information 0 0 0 Cumberland County Municipal Revenue Bonds Series 2003B 236003119 230614BR9 2003-01-21 9000000 Complete description on Part V - Supplemental information 0 0 0 Cumberland County Municipal Authority Revenue Bonds 2005A 236003119 230614CF4 2005-12-14 17077853 Complete description on Part V - Supplemental information 0 0 0 Waynesboro Borough Authority Mortgage Revenue Note of 2007 256210913 000000000 2007-08-16 8000000 Complete description on Part V - Supplemental information 0 0 0 9145000 0 20263859 2064490 0 0 1219674 0 0 6114433 0 0 2005 1 0 1 1 925000 0 9008045 14580 0 0 205352 0 0 8794648 0 0 2005 0 0 1 1 0 0 17162131 2398844 0 0 1480660 0 0 0 19165 0 2005 0 1 1 1 0 0 8000000 0 0 0 100468 0 0 2823548 0 0 2007 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 1 Kent County DE Economic Development Revenue Refunding Bonds Series 2003 516000145 000000000 2003-11-06 10000000 Complete description on Part V - Supplemental information 0 0 0 York County Industrial Development Authority Bonds Series 2010 237045116 000000000 2010-09-09 20000000 Complete description on Part V - Supplemental information 0 0 0 0 0 10000000 0 0 0 0 0 0 0 0 0 2003 1 0 1 1 0 0 20000000 0 0 0 295666 0 0 19704334 0 0 2011 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 Bank of America 8.8 0 0 0 0 1 0 1 0 0 0 1 David Wolff Board Member and VP of Kressler, Wolff and Miller Inc 159950 Through 12/31/2012, Kressler, Wolff and Miller were the health insurance brokers for Presbyterian Senior Living and all of its affiliates 0 Robert Hormell Board Member and First National Bank Board Member 885368 Repayment of loans by member of the group to First National Bank 0 LeRoy Maxwell Board Member and M&T Regional Bank Board Member 233175 Repayment of loans by member of the group to M&T Bank 0 X 9119 Fair market value X 1 8200 Sale of comparable X 3 990 Purchase price X Gift cards 18 330 Purchase price X Medical Equipment 1 100 Fair market value X Printing and Photography services 3 3451 Purchase price 0 0 1 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b A copy of the 990 was provided to the organization's audit committee prior to the submission. It was reviewed in detail prior to the audit committee meeting by the Chief Financial Officer and other top executives. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The compliance department annually reviews the conflict of interest disclosures remitted from the officers, directors and key employees to update and monitor any changes that could cause a potential conflict of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Every year, salaries for executives are determined based on comparative data from AASHA's sponsored salary survey called CEMO Leadership Compensation Survey. These salaries are then approved by the Board of Directors. For highest paid employees, salaries are set during the yearly budgeting process by the executive directors of each facility in conjunction with the Controller and Chief Financial Officer. These wages are also compared to market studies and are approved, in total, by the board. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Presbyterian Senior Living and all of its affiliates are working hard to promote transparency. Therefore, current month/quarterly financial statements are posted right on the PSL website, along with census and year end audits. Its governing documents and conflict of interest policy are made available to the public upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized loss on investments ($814,797), decrease in fair value of interest rate swaps ($73,392), gain on early extinguishment of debt $67,275, loss on abandoned project ($96,619), purchase of non-controlling interest ($2,669,141) transfer of investments from parent $22,382, and pension-related changes other than net periodic pension costs ($67,021) PHI dba Presbyterian Senior Living One Trinity Drive East Suite 201 Dillsburg PA 17019 231381404 Parent management company PA 501(c)(3) 9 N/A 0 Glen Meadows Foundation Inc 11630 Glen Arm Road Glen Arm MD 21057 521990463 Fundraising PA 501(c)(3) 7 PHI dba Presbyterian Senior Living 0 Long Home One Trinity Drive East Suite 201 Dillsburg PA 17019 231352360 Foundation PA 501(c)(3) PF PHI dba Presbyterian Senior Living 0 Schartner House Associates LP One Trinity Drive East Suite 201 Dillsburg PA 17019 204747882 Low income housing PA Schartner House Associates Related 0 0 0 Westminster Place at Parkesburg LP One Trinity Drive East Suite 201 Dillsburg PA 17019 208766428 Low income housing PA Westminster Place at Parkesburg Inc Related 0 0 0 Wesminster Place at Windy Hill Village LP I One Trinity Drive East Suite 201 Dillsburg PA 17019 270683872 Low income housing PA Westminster Place at Windy Hill Village Related 0 0 0 Westminster Place at Carroll Village LP One Trinity Drive East Suite 201 Dillsburg PA 17019 270488126 Low income housing PA Westminster Place at Carroll Village Related 0 0 0 Westminster Place at Bloomsburg LP One Trinity Drive East Suite 201 Dillsburg PA 17019 900536078 Low income housing PA Westminster Place at Bloomsburg GP Inc Related 0 0 0 Westminster Place at the Long Community LP One Trinity Drive East Suite 201 Dillsburg PA 17019 800536471 Low income housing PA Westminster Place at the Long Community GP Inc Related 0 0 Stewartstown Courtyard LP 146 Pine Grove Circle York PA 17403 261577538 Low income housing PA PHI dba Presbyterian Senior Living Related 0 0 PHI Services Inc One Trinity Drive East Suite 201 Dillsburg PA 17019 134357222 Advertising PA PHI dba Presbyterian Senoir Living C 0 Schartner House Inc 1271 Gettysburg Pike Dillsburg PA 17019 861161245 Low income housing PA PHI dba Presbyterian Senior Living C 0 Westminster Place at Parkesburg One Trinity Drive East Suite 201 Dillsburg PA 17019 208765826 Low income housing PA PHI dba Presbyterian Senior Living C 0 Westminster Place at Windy Hill Inc One Trinity Drive East Suite 201 Dillsburg PA 17019 800438848 Low income housing PA PHI dba Presbyterian Senior Living C 0 Westminster Place at Carroll Village One Trinity Drive East Suite 201 Dillsburg PA 17019 562642596 Low income housing PA PHI dba Presbyterian Senior Living C 0 Westminster Place at Bloomsburg GP Inc One Trinity Drive East Suite 201 Dillsburg PA 17019 019045558 Low income housing PA PHI dba Presbyterian Senior Living C 0 Westminster Place at Stewartstown Inc One Trinity Drive East Suite 201 Dillsburg PA 17019 800499627 Low income housing PA N/A C 0 Westminster Place at the Long Community GP Inc One Trinity Drive East Suite 201 Dillsburg PA 17019 010945563 Low income housing PA PHI C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 PHI dba Presbyterian Senior Living p 3588012 Actual expenses paid