2026-02-13T08:56:35-06:00 2025-03-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-04-01 232021541 PENNSWOOD VILLAGE PENN 2159689110 1382 NEWTOWN-LANGHORNE RD NEWTOWN PA 18940 TIM MCQUAID CFO 2159689110 2026-02-13 1 1 KERRI N BOGDA P00760402 7177404863 2026-02-13 2024 2025-03-06 01:10:19Z DANIEL MURRAY 1382 NEWTOWN-LANGHORNE RD NEWTOWN PA 18940 73005286 0 X WWW.PENNSWOOD.ORG X 1976 PA PROVIDES RESIDENTIAL, HEALTH, AND COMMUNITY SERVICES FOR INDIVIDUALS AGE 65 AND OLDER. 12 12 543 40 0 0 547897 831531 35396857 39823769 4228860 6924275 488213 562210 40661827 48141785 998632 999544 0 0 19382129 20401052 0 0 0 16701533 18582596 37082294 39983192 3579533 8158593 146470195 152295072 119480402 121157111 26989793 31137961 X PENNSWOOD VILLAGE, A CARING COMMUNITY GUIDED BY QUAKER PRINCIPLES AND TRADITIONS, LEADS THE WAY IN THE PROVISION OF RESIDENTIAL AND HEALTHCARE SERVICES TO THOSE AGE 65 AND OLDER. 0 0 33784207 999544 39823769 PENNSWOOD VILLAGE BEGAN OPERATIONS IN JUNE 1980 WITH THE PURPOSE OF PROVIDING A CONTINUUM OF RESIDENTIAL, HEALTH CARE, WELLNESS, SOCIAL, AND COMMUNITY-BASED SERVICES AND PROGRAMS FOR THOSE PERSONS AGE 65 AND OLDER. PENNSWOOD VILLAGE OFFERS ACCOMMODATIONS OF 330 RESIDENTIAL LIVING APARTMENTS OF VARYING SIZES, 37 PERSONAL CARE APARTMENTS WITH 41 LICENSES AND 53 MEDICARE SKILLED NURSING BEDS THAT MEET THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF RESIDENTS REQUIRING THESE HIGHER LEVELS OF CARE.RESIDENTS ARE ADMITTED TO THE COMMUNITY WITH CONSIDERATION GIVEN TO THEIR ABILITY TO PAY THE ESTABLISHED FEES THAT ARE BASED ON THE TYPE OF ACCOMMODATION OCCUPIED. HOWEVER, NO RESIDENTS WILL BE ASKED TO LEAVE THE COMMUNITY FOR REASONS OF INABILITY TO PAY THE ESTABLISHED FEES WHEN THE INABILITY TO PAY IS NOT THEIR OWN FAULT. FINANCIAL ASSISTANCE TO THOSE IN NEED IS AVAILABLE AND FOR THE YEAR THAT ENDED MARCH 31, 2025, $190,089 WAS AWARDED TO 5 INDIVIDUALS. OVER THE LAST TEN YEARS ASSISTANCE TO RESIDENTS AMOUNTED TO APPROXIMATELY $3.59 MILLION.PENNSWOOD VILLAGE PROVIDES HOT AND COLD FOOD AND PACKAGING SUPPLIES FOR THE WOODSIDE MEALS PROGRAM. HIGHLY NUTRITIOUS HOT MEALS ARE PRODUCED DAILY FOR THIS PROGRAM AND PROVIDED AT COST TO WOODSIDE MEALS ON WHEELS. TO SUPPORT THE SURROUNDING COMMUNITY, PENNSWOOD VILLAGE ALSO MAKES PAYMENTS IN LIEU OF TAXES (PILOT) TO THE LOCAL GOVERNMENT AND CONTRIBUTIONS TO LOCAL ORGANIZATIONS SUCH AS POLICE, FIRE AND EMS. 33784207 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 78 0 543 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X TIM MCQUAID CFO 2159689110 1382 NEWTOWN-LANGHORNE ROAD NEWTOWN PA 189402401 JACLYN PARRY BOGERT CHAIR 1.50 1.50 X X 0 0 0 ELIZABETH FRITSCH VICE CHAIR 1.50 3.00 X X 0 0 0 LANCE MERVINE TREASURER 1.50 1.50 X X 0 0 0 JEFF COGSHALL SECRETARY 1.50 0.00 X X 0 0 0 JULIE BARTL DIRECTOR 1.50 0.00 X 0 0 0 CHARLES MACK DIRECTOR 1.50 1.50 X 0 0 0 INEZ BING DIRECTOR 1.50 0.00 X 0 0 0 MELISSA CARROLL DIRECTOR 1.50 0.00 X 0 0 0 MIKE COPPA DIRECTOR 1.50 0.00 X 0 0 0 LORNA STUART DIRECTOR 1.50 0.00 X 0 0 0 ALISA MILLER DIRECTOR (FROM MAY 2024) 1.50 0.00 X 0 0 0 JIM MCCLELLAN DIRECTOR (FROM MAY 2024) 1.50 0.00 X 0 0 0 ELLIOT STROM DIRECTOR (UNTIL MAY 2024) 1.50 0.00 X 0 0 0 KEVYN MALLOY DIRECTOR (UNTIL MAY 2024) 1.50 0.00 X 0 0 0 DANIEL MURRAY CHIEF EXECUTIVE OFFICER 37.00 3.00 X 364632 0 44216 THOMAS ATKINS CHIEF OPERATING OFFICER 37.00 3.00 X 240063 0 37482 TIM MCQUAID CHIEF FINANCIAL OFFICER 37.00 3.00 X 245856 0 38746 PHILIP A PAGLIARO DIRECT OF MARKETING 40.00 0.00 X 170504 0 12453 MELISSA SPADACCINO DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 164330 0 37839 RAGHAN ABOUASALEH COMMUNITY PHYSICIAN 18.00 0.00 X 162782 0 9755 JACK DEMPSEY DIRECTOR OF HEALTH SERVICES 40.00 0.00 X 157043 0 28617 BRYANT POWELL DIRECTOR OF FACILITIES 40.00 0.00 X 147948 0 24186 1653158 0 233294 25 0 1 0 CONVERGENT 574 MAIN STREET UNIT 200 BETHLEHEM PA 18018 IT SERVICES 568189 BYRNE CONSTRUCTION INC 447 STANFIELD ROAD SPRINGFIELD PA 19064 GENERAL CONTRACTOR 502274 SELECT REHABILITATION LLC PO BOX 71985 CHICAGO IL 60694 REHABILITATION SERVICES 418834 SLIWINSKI FLOOR COVERING SERVICES INC 421 PIKE ROAD SUITE 4 HUNTINGDON VALLEY PA 19006 GENERAL CONTRACTOR 406560 CULINESSE LLC 250 WYANDOTTE ST BETHLEHEM PA 18015 FOOD CONSULTING SERVICES 399870 16 831531 126584 831531 MONTHLY FEES 623000 24735727 24735727 AMORTIZATION OF ADVANCE FEES 623000 8534021 8534021 HEALTH SERVICES 623000 6554021 6554021 39823769 2014812 2014812 100454 12043 88411 88411 88411 29690592 9500 24790629 0 4899963 9500 4909463 4909463 140198 60829 79369 79369 BEAUTY SHOP 900099 116794 116794 LAUNDRY 900099 86435 86435 GUEST ROOMS 900099 75728 75728 115473 115473 394430 48141785 39823769 0 7486485 784711 784711 214833 214833 1018919 152837 866082 15024664 13038277 1986387 532971 414850 118121 2667552 2032012 635540 1156946 970872 186074 20835 20835 78000 78000 3158 3158 130178 130178 2197273 1587585 609688 412078 412078 1034717 653405 381312 234241 44477 189764 2178754 2178754 55801 54385 1416 49414 10093 39321 2544643 2544643 7183121 7183121 381263 381263 DIETARY 1581049 1581049 MEDICAL SUPPLIES & DRUG 208861 208861 RESIDENT ACTIVITIES 69558 35765 33793 EMPLOYEE EXPENSES 63777 43337 20440 155875 50340 105535 39983192 33784207 6198985 0 1868 1781 9594425 11870833 492048 572166 27569 37690 481103 587068 188997118 112547156 79507058 76449962 56036209 62463241 329915 312331 146470195 152295072 4040544 3987971 64801821 68539646 33525995 31764439 15829963 15988633 1282079 876422 119480402 121157111 X 24334518 28456148 2655275 2681813 26989793 31137961 146470195 152295072 X 8158593 -3994288 -16137 X 0 1 X 1 0 X 1038274 622971 899415 547897 831531 3940088 32733888 33103865 33252672 35396857 39823769 174311051 33772162 33726836 34152087 35944754 40655300 178251139 0 0 0 178251139 855884 910851 1250798 1773351 2115266 6906150 855884 910851 1250798 1773351 2115266 6906150 696688 451754 415455 469671 534628 2568196 35324734 35089441 35818340 38187776 43305194 187725485 0.94950 0.95110 0.03680 0.03370 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BEAUTY SHOP - 2020 AMOUNT: $ 90,013. 2021 AMOUNT: $ 144,784. 2022 AMOUNT: $ 139,315. 2023 AMOUNT: $ 114,450. 2024 AMOUNT: $ 116,794. DINING SERVICES - 2020 AMOUNT: $ 35,682. 2021 AMOUNT: $ 2,826. GROSS RECEIPTS ON INVENTORY - 2020 AMOUNT: $ 60,641. 2021 AMOUNT: $ 57,694. 2022 AMOUNT: $ 66,760. 2023 AMOUNT: $ 94,746. 2024 AMOUNT: $ 140,198. GUEST ROOMS - 2022 AMOUNT: $ 47,027. 2023 AMOUNT: $ 68,420. 2024 AMOUNT: $ 75,728. LAUNDRY - 2020 AMOUNT: $ 55,890. 2021 AMOUNT: $ 54,428. 2022 AMOUNT: $ 53,585. 2023 AMOUNT: $ 67,525. 2024 AMOUNT: $ 86,435. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 15,795. 2021 AMOUNT: $ 9,527. 2022 AMOUNT: $ 28,877. 2023 AMOUNT: $ 36,988. 2024 AMOUNT: $ 8,165. POSTAGE - 2020 AMOUNT: $ 33,757. 2021 AMOUNT: $ 26,911. 2022 AMOUNT: $ 26,694. 2023 AMOUNT: $ 26,666. 2024 AMOUNT: $ 27,754. REFUNDS - 2020 AMOUNT: $ 1,470. REPAIRS - 2020 AMOUNT: $ 17,479. 2021 AMOUNT: $ 27,254. 2022 AMOUNT: $ 10,223. 2023 AMOUNT: $ 28,794. 2024 AMOUNT: $ 39,730. VENDOR REBATES - 2020 AMOUNT: $ 325,320. 2021 AMOUNT: $ 70,636. 2022 AMOUNT: $ 42,974. 2023 AMOUNT: $ 32,082. 2024 AMOUNT: $ 39,824. VILLAGE STORE - 2020 AMOUNT: $ 60,641. 2021 AMOUNT: $ 57,694. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3158 3158 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO NATIONAL (LEADINGAGE) AND STATE (LEADINGAGE PA) ASSOCIATIONS OF HOMES AND SERVICES FOR THE AGING. A PORTION OF THE ORGANIZATION'S DUES ARE USED FOR LOBBYING PURPOSES. THE $3,158 REPORTED AS LOBBYING EXPENDITURES IS THE PORTION OF DUES THAT WERE USED FOR LOBBYING PURPOSES. 307287 X 0 22933867 630708 1021014 24585589 20685206 112749 2135912 22933867 21125208 734940 -1174942 20685206 20574436 87690 463082 21125208 15378765 179048 5016623 20574436 0.98810 0.01190 0.00000 0 0 1289566 1289566 75508266 41982261 33526005 90478492 53197657 37280835 20607066 16731090 3875976 1113728 636148 477580 76449962 DEPOSITS FROM PROSPECTIVE RESIDENTS 812737 ANNUITIES PAYABLE 63685 876422 X 43638982 -3994288 -511058 -4505346 48144328 -2543 -2543 48141785 39490814 2543 2543 39488271 494921 494921 39983192 PART III, LINE 4: ARTWORK IS DISPLAYED IN PUBLIC SPACES WITHIN THE COMMUNITY. THESE ITEMS FURTHER PENNSWOOD'S MISSION BY PROVIDING OPPORTUNITIES FOR CONTINUING GROWTH AND WELL-BEING IN MIND, BODY, AND SPIRIT AND TO MAKE USE OF THE CULTURAL AND EDUCATIONAL ADVANTAGES OF ITS LOCATION. PART V, LINE 4: THE USES OF THE ENDOWED FUNDS ARE: A) SUPPORT OF GENERAL OPERATING EXPENSES OF THE COMMUNITY, B) FINANCIAL ASSISTANCE TO RESIDENTS, C) STAFF EDUCATIONAL ASSISTANCE, D) MAINTENANCE OF THE AQUATIC FACILITY. PART X, LINE 2: THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING 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. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2025 OR 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: MONTHLY FEE ASSISTANCE -190,089. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -16,137. INVESTMENT FEES -130,178. GRANT TO AFFILIATE -174,654. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -12,043. GAIN ON SALE OF FIXED ASSET 9,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSE 12,043. GAIN ON SALE OF FIXED ASSET -9,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: MONTHLY FEE ASSISTANCE 190,089. INVESTMENT FEES 130,178. GRANT TO AFFILIATE 174,654. 1 COUNTY OF BUCKS 55 EAST COURT STREET DOYLESTOWN PA 18901 STATE OF PA 92790 0 SUPPORT COUNTY INITIATIVES MIDDLETOWN TOWNSHIP 3 MUNICIPAL WAY LANGHORNE PA 19047 STATE OF PA 61007 0 SUPPORT TOWNSHIP INITIATIVES NESHAMINY SCHOOL DISTRICT 2001 OLD LINCOLN HIGHWAY LANGHORNE PA 19047 STATE OF PA 445760 0 SUPPORT DISTRICT INITIATIVES PENNSWOOD VILLAGE FOUNDATION 1382 NEWTOWN-LANGHORNE ROAD NEWTOWN PA 18940 830575873 501(C)(3) 174654 0 TO SUPPORT PENNSWOOD VILLAGE FOUNDATION OPERATION'S 4 0 ENTRY FEE ASSISTANCE AND SUBSIDIES FOR MONTHLY RESIDENT FEES BASED UPON FINANCIAL NEED 5 190089 SCHOLARSHIP ASSISTANCE FOR ELIGIBLE EMPLOYEES 12 24744 PART I, LINE 2: ASSISTANCE TO ENTITIES: GRANTS TO LOCAL GOVERNMENT UNITS ARE PAYMENTS IN LIEU OF TAXES WHICH ARE VOLUNTARY PAYMENTS MADE BY THE ORGANIZATION TO LOCAL GOVERNMENTS IN SUPPORT OF THEIR PROGRAMS. THE ORGANIZATION ALSO CONTRIBUTES TO LOCAL ORGANIZATIONS AS A MEASURE OF COMMUNITY GOOD WILL. ALL ORGANIZATIONS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER TO ENSURE THEY ARE NON-PROFITS IN GOOD STANDING. AS THE DONATIONS ARE SMALL, NO ADDITIONAL MONITORING IS CONSIDERED NECESSARY. THE ORGANIZATION MAY ALSO PROVIDE FUNDS TO RELATED ORGANIZATIONS. THE RELATED ORGANIZATIONS SHARE A COMMON ACCOUNTING SYSTEM AS THE FILING ORGANIZATION AND NO FURTHER MONITORING OF FUNDS IS CONSIDERED NECESSARY. ASSISTANCE TO INDIVIDUALS: RESIDENTS OR THEIR POWER OF ATTORNEY MAY APPROACH THE CHIEF EXECUTIVE OFFICER OR THE CHIEF FINANCIAL OFFICER ABOUT THE NEED FOR FINANCIAL ASSISTANCE. THE INTERESTED PARTY IS ASKED TO PROVIDE FINANCIAL SUPPORTING DOCUMENTS, WHICH MAY INCLUDE THREE YEARS OF TAX RETURNS, CURRENT BANK STATEMENTS, CURRENT INVESTMENT STATEMENTS, AND OTHER DOCUMENTATION WHICH MAY BE NECESSARY TO DETERMINE A RESIDENT'S FINANCIAL NEED. THE CHIEF FINANCIAL OFFICER WILL THEN ANALYZE THE RESIDENT'S FINANCIAL NEED UTILIZING LIFE EXPECTANCY, SUPPORTING FINANCIAL DOCUMENTS, AND PROJECTED EXPENSES. USING THE ANALYZED DATA, THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER WILL MAKE A DETERMINATION ABOUT THE NEED FOR ASSISTANCE AND THE AMOUNT TO BE GIVEN. A LETTER IS THEN PROVIDED TO THE RESIDENT AND/OR POWER OF ATTORNEY WHICH IDENTIFIES THE DECISION MADE FOR THE ASSISTANCE AND, WHEN APPROPRIATE, THE AMOUNT BEING PROVIDED. ON A MONTHLY BASIS, THE CHIEF FINANCIAL OFFICER PROVIDES A LIST TO THE BILLING COORDINATOR SO THAT THE APPROPRIATE AMOUNT CAN BE CREDITED TO THE RESIDENT'S BILL. ON AN ANNUAL BASIS, THE CHIEF FINANCIAL OFFICER REVIEWS THE FINANCIAL POSITION OF THE RESIDENT AND MAY DETERMINE IF AN INCREASE IN SUPPORT IS NECESSARY. MATTERS PERTAINING TO FINANCIAL ASSISTANCE TO RESIDENTS ARE KEPT CONFIDENTIAL. X X X X X 0 0 0 0 0 0 0 0 0 DANIEL MURRAY CHIEF EXECUTIVE OFFICER 364632 0 0 0 0 0 18392 0 25824 0 408848 0 0 0 TIM MCQUAID CHIEF FINANCIAL OFFICER 245856 0 0 0 0 0 14856 0 23890 0 284602 0 0 0 THOMAS ATKINS CHIEF OPERATING OFFICER 240063 0 0 0 0 0 13251 0 24231 0 277545 0 0 0 MELISSA SPADACCINO DIRECTOR OF HUMAN RESOURCES 164330 0 0 0 0 0 10407 0 27432 0 202169 0 0 0 JACK DEMPSEY DIRECTOR OF HEALTH SERVICES 157043 0 0 0 0 0 1660 0 26957 0 185660 0 0 0 PHILIP A PAGLIARO DIRECT OF MARKETING 170504 0 0 0 0 0 10212 0 2241 0 182957 0 0 0 RAGHAN ABOUASALEH COMMUNITY PHYSICIAN 162782 0 0 0 0 0 9755 0 0 0 172537 0 0 0 BRYANT POWELL DIRECTOR OF FACILITIES 147948 0 0 0 0 0 6880 0 17306 0 172134 0 0 0 A BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232174016 118612MV9 2018-07-24 38331233 CURRENT REFUNDING OF PENNSWOOD VILLAGE 2013 VARIABLE BOND 0 0 0 A 8810000 38331223 619824 116399 37595000 2018 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 X 6 126584 NYSE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD ESTABLISHED AN EXECUTIVE COMMITTEE THAT MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD BETWEEN BOARD MEETINGS, EXCEPT IT SHALL NOT HAVE ANY POWER OR AUTHORITY AS TO THE FOLLOWING: (A) THE FILLING OF VACANCIES ON THE BOARD, (B) THE ADOPTION, AMENDMENT OR REPEAL OF THE BYLAWS, (C) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD, (D) ACTION ON MATTERS COMMITTED BY THE BYLAWS OR BY RESOLUTION OF THE BOARD TO ANOTHER COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE-CHAIR, SECRETARY AND TWO OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THEN THE ORGANIZATION'S FINANCE COMMITTEE RECEIVES A DRAFT COPY FOR REVIEW PRIOR TO FILING. THE ORGANIZATION'S FULL BOARD WILL RECEIVE A COPY OF THE FORM 990 BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD MEMBERS AND MANAGEMENT STAFF RECEIVE COPIES OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST THAT MAY EXIST. THIS WOULD INCLUDE CONFLICTS DUE TO FAMILY OR OTHER RELATIONSHIPS. ALL COPIES ARE REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE HUMAN RESOURCES DIRECTOR. COPIES OF THE SIGNED ACKNOWLEDGEMENTS FOR STAFF ARE RETAINED IN THE HUMAN RESOURCES OFFICE AND FOR BOARD MEMBERS IN THE CHIEF EXECUTIVE OFFICER'S OFFICE. SHOULD ANY BOARD MEMBER HAVE A CONFLICT, HE OR SHE WOULD RECUSE HIMSELF OR HERSELF FROM ANY DISCUSSIONS AND/OR DECISION RELATED TO THE CONFLICT. MONITORING OF PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICTS IS UNDERTAKEN THROUGH INTERNAL CONTROLS ESTABLISHED IN THE FINANCE DEPARTMENT. SPENDING AUTHORITY POLICIES EXIST TO CONTROL WHO HAS THE AUTHORITY TO ENCUMBER PENNSWOOD VILLAGE AND THE EXTENT TO WHICH THEY ARE ABLE TO DO SO. STAFF WITH SPENDING AUTHORITY ARE REQUIRED TO ANNUALLY COMPLETE CONFLICT OF INTEREST STATEMENTS AND TO DISCLOSE ANY CONFLICTS THAT MAY EXIST. ANY CONCERNS ARE BROUGHT TO THE ATTENTION OF THE CFO FOR REVIEW AND ACTION, IF NECESSARY. IF A CONFLICT IS DETERMINED TO EXIST, THEN THE CONFLICTING PARTIES WILL BE NOTIFIED AND THE TRANSACTION HALTED. GROSS VIOLATIONS OF THE CONFLICT OF INTEREST POLICY MAY RESULT IN DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE CHIEF EXECUTIVE OFFICER (CEO) AND SETS COMPENSATION BASED ON PERFORMANCE THAT IS CONSISTENT WITH COMPETITIVE SALARY DATA. ANNUAL SALARY SURVEYS ARE COMPLETED BY HUMAN RESOURCES, A COMPENSATION CONSULTANT IS UTILIZED AS NEEDED AND THE FORM 990 OF OTHER SIMILAR ORGANIZATIONS ARE USED IN THE SALARY DECISIONS. THE ANNUAL REVIEW PROCESS AND FINAL DECISIONS ARE TIMELY DOCUMENTED AND PUT INTO HUMAN RESOURCE FILES. OTHER OFFICER AND KEY EMPLOYEE COMPENSATION, SUCH AS FOR THE CFO AND COO, IS APPROVED BY THE CEO DURING THE ANNUAL REVIEW PROCESS, WHICH IS TIMELY DOCUMENTED AND PUT INTO HUMAN RESOURCE FILES. ANNUAL SALARY SURVEYS ARE COMPLETED BY HUMAN RESOURCES WHICH ARE USED IN THE SALARY DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE PLACED FOR PUBLIC VIEW IN THE ORGANIZATION'S LIBRARY OR ADMINISTRATIVE OFFICES AND ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -16,137. FORM 990, PAGE 5, PART V, LINE 2 THE FILING ENTITY IS THE PARENT IN A GROUP OF NON-PROFIT ENTITIES FOR WHICH IT IS CONSIDERED A COMMON PAY AGENT FOR W-2 REPORTING. PENNSWOOD VILLAGE REPORTS ALL EMPLOYEES ON ITS FORM W-3, HOWEVER, EACH AFFILIATE HAS EMPLOYEES ALLOCATED TO THAT ENTITY. PER IRS INSTRUCTIONS, EMPLOYEES LISTED ON PART V, LINE 2A ARE THOSE WHO HAVE BEEN DEEMED TO BE EMPLOYEES OF THIS ORGANIZATION. THE FOLLOWING AFFILIATE HAS W-2 EMPLOYEES LISTED ON THEIR FORM 990 THAT HAVE BEEN REPORTED ON THE FILING ORGANIZATION'S W-3: HOSPICE CARE BY PENNSWOOD 47-1563338 HOSPICE CARE BY PENNSWOOD VILLAGE 1382 NEWTOWN-LANGHORNE ROAD NEWTOWN PA 18940 471563338 PROVIDE HOSPICE CARE TO PATIENTS PA 501(C)(3) LINE 10 PENNSWOOD VILLAGE 1 PENNSWOOD VILLAGE FOUNDATION 1382 NEWTOWN-LANGHORNE ROAD NEWTOWN PA 18940 830575873 FUNDRAISING FOR PENNSWOOD VILLAGE AND AFFILIATES PA 501(C)(3) LINE 7 PENNSWOOD VILLAGE 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 PENNSWOOD VILLAGE FOUNDATION B 174654 COST