2012-08-10T14:48:37-05:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 101 N TRYON STREET SUITE 1000 CHARLOTTE NC 28246 990 2011-01-01 520607932 PRESBYTERIAN HOME OF MARYLAND INC PRES 4108234622 400 GEORGIA COURT TOWNSON MD 21204 ERIK STULLER 4108234622 2012-07-20 1 GREGORY W JOHNS P00535091 7049985200 2011 2016-02-24 21:20:13Z SUSAN F SHEA 400 GEORGIA COURT TOWNSON MD 21204 13478351 0 X WWW.PRESBYTERIANHOMEOFMD.ORG X 1883 MD THE PRESBYTERIAN HOME OF MARYLAND, INC., PROVIDES RETIREMENT LIVING AND HEALTH CARE SERVICES. 15 11 104 30 0 0 103088 87097 4107634 4102331 2279048 1909499 -2831693 -603357 3658077 5495570 4437 8494 0 0 3835746 4227469 0 0 1180 2343048 2359799 6183231 6595762 -2525154 -1100192 45852199 42211053 9559609 8317771 36292590 33893282 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 4563332 8494 4119895 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 101 RESIDENTS DURING 2011 BY PROVIDING THE FOLLOWING PROGRAM SERVICES:HISTORYON 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. SEE CONTINUATION ON SCHEDULE O.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.SERVICESTHE 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 THE HOME HAS BUILT A PROMINENT REPUTATION FOR PROVIDING SUPERB NURSING SERVICES AND FOR PROVIDING ONE OF THE HIGHEST STAFF TO RESIDENT RATIOS. UNDER THE DIRECTION OF THE DIRECTOR OF NURSING, THE HOME HAS LICENSED STAFF ON SITE 24 HOURS A DAY, 7 DAYS A WEEK. OUR NURSING STAFF IS OFFERED REGULAR CLINICAL TRAINING THROUGH IN HOUSE IN-SERVICES AND THROUGH OUTSIDE QUALIFIED PROFESSIONALS. THIS ENSURES OUR NURSING PERSONNEL ARE KEPT INFORMED OF THE LATEST IN THE FIELD OF GERIATRIC CARE AND TREATMENT. MEDICAL SERVICESTHE HOME HAS A MEDICAL DIRECTOR AND AN ASSISTANT MEDICAL DIRECTOR OF MEDICAL CARE. THESE PHYSICIANS ARE AVAILABLE ON SITE WEEKLY AND 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 DENTISTRYSPEECH THERAPY PHYSICAL THERAPYPHARMACY OCCUPATIONAL THERAPYGERIATRIC PSYCHIATRY EXERCISE/FITNESS PROGRAMSTWO OF MARYLAND'S FINEST HOSPITALS, GREATER BALTIMORE MEDICAL CENTER AND ST. JOSEPH'S HOSPITAL, 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 SERVICESPROPER NUTRITION AS WELL AS A PLEASING PRESENTATION PLAYS AN IMPORTANT ROLE IN THE GOOD HEALTH OF ALL SENIORS. UNDER THE SUPERVISION OF OUR FOOD SERVICE MANAGER, ALL THREE MEALS ARE CAREFULLY PREPARED BY OUR DIETARY TEAM. TWO REGISTERED DIETITIANS ALSO PROVIDE 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.ACTIVITIESTHE PRESBYTERIAN HOME OF MARYLAND OFFERS MANY VARIED ACTIVITIES ON A DAILY BASIS TO MEET THE NEEDS OF ALL OF OUR RESIDENTS. MANY OF OUR RESIDENTS CHOOSE TO ENGAGE IN MORE INDEPENDENT ACTIVITIES SUCH AS 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 COLLEGE CLASSES, 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 AND OUR FRIENDS & FAMILY SUPPER. 4563332 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 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 1 39 0 104 1 0 0 0 0 0 0 0 0 0 0 X 15 11 1 0 0 0 0 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MD X X ERIK STULLER 4108234622 400 GEORGIA COURT TOWNSON MD 21204 LOUISA LESLIE 0.20 X X 0 0 0 J THOMAS HYDE 0.20 X X 0 0 0 BETTY PEARCE 0.20 X X 0 0 0 KAREN HOFFMAN 1.00 X X 0 0 0 JOE SLOVAK 1.00 X X 0 0 0 SUSAN F SHEA 40.00 X X 177701 0 12947 ERIK STULLER 40.00 X X 152630 0 7338 KENNETH GREENE 8.00 X 32321 0 0 SHAWN PYLE 0.20 X 0 0 0 JOSEPH SNEE JR 1.00 X 52634 0 0 JACOB GOLDSTEIN 0.20 X 0 0 0 RIC BRYANT 0.20 X 0 0 0 JON H LIVEZEY 0.20 X 0 0 0 DIANE SMITH 0.20 X 0 0 0 LOIS BARBER 0.20 X 0 0 0 CAROL LIENHARD 0.20 X 0 0 0 THELMA TAYLOR 40.00 X 104572 0 4214 519858 0 24499 3 0 1 0 THW DESIGN 2100 RIVEREDGE PKWY STE 900 ATLANTA GA 30328 ARCHITECTURAL DESIGN FOR PLANNED CCRC CO 477746 MORRIS RITCHIE ASSOCIATES INC 3445 A BOX HILL CORP CTR DR ABINGDON MD 21009 CIVIL ENGINEERING AND LAND PLANNING FOR 143115 BROWN ADVISORY 901 SOUTH BOND STREET SUITE 400 BALTIMORE MD 21231 INVESTMENT MANAGEMENT 109981 3 87097 2754 87097 MONTHLY FEES 623000 4061439 4061439 OTHER RESIDENT FEES 623000 24255 24255 ADMISSION FEES 623000 16637 16637 4102331 772091 772091 19788 19788 19788 19788 9120189 7960881 21900 1159308 -21900 1137408 1137408 DISCONTINUED PROJECT 900099 -640709 -640709 17564 17564 -623145 5495570 4119895 0 1288578 8494 8494 506415 175242 331173 2964941 2238534 726116 291 106491 81086 25376 29 368653 298492 70133 28 280969 206691 74256 22 12951 12951 45325 45325 152789 152789 135678 18042 117636 116353 116353 132937 37128 95809 20959 2023 18936 316764 316764 26760 5607 21153 31242 3901 27341 130595 130595 391109 391109 119352 54743 64608 1 FOOD & DINING 316465 316465 MEDICAL & HOSPITAL 250125 250125 RESIDENT ACTIVITIES 56295 56295 INDIRECT ALLOCATIONS 1 765103 -765795 693 104099 45361 58622 116 6595762 4563332 2031250 1180 1092 544 1287300 1602757 62671 41147 168264 130879 11578943 5970929 5590268 5608014 29294223 26172257 0 9448381 8655455 45852199 42211053 778929 619021 82840 66203 4777362 4208843 3920478 3423704 9559609 8317771 X 34348045 32097429 1051529 902837 893016 893016 36292590 33893282 45852199 42211053 X -1100192 -1299116 X X 0 1 1 X 0 X 146708 176368 68528 103088 87097 581789 3320029 3644777 3680875 4121011 4119895 18886587 3466737 3821145 3749403 4224099 4206992 19468376 8156 10520 9361 28037 435597 187933 648711 237322 823171 2332734 435597 187933 656867 247842 832532 2360771 17107605 1408287 1179811 903477 851148 791879 5134602 1408287 1179811 903477 851148 791879 5134602 999 999 4876023 5000956 4652880 5075247 4998871 24603977 0.69530 0.63800 0.20870 0.27100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82 60371 60453 4502879 4563332 378167 94542 0 0 385194 351594 328219 378167 1443174 2164761 98752 130041 19573 60453 308819 96298 87910 82055 94542 360805 541208 31039 29361 817 82 61299 1399402 -38323 75000 5172 1280907 1348422 133635 75000 7655 1399402 675388 217628 522999 63051 4542 1348422 675388 675388 1.00000 0 0 66243 66243 7859879 5069028 2790851 1320515 901901 418614 2332306 2332306 5608014 ACCRUED INVESTMENT INCOME 105431 LAND AVAILABLE FOR SALE 7942310 BENEFICIAL INTEREST IN REMAINDER TRUSTS 166207 ASSETS HELD IN CHARITABLE REMAINDER TRUST 370742 OTHER ASSETS 70765 8655455 REFUNDABLE ENTRANCE FEE LIABITY 406000 ACCRUED OBLIGATION TO PROVIDE FUTURE SERVICES 2990000 LIABILITY UNDER UNITRUST AGREEMENT 27704 3423704 5495570 6595762 -1100192 -1056251 -242865 -1299116 -2399308 4196454 -1056251 -242865 -1299116 5495570 0 5495570 6595762 0 6595762 0 6595762 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE SUPPORT TO PROGRAMS OFFERED. THE MARYLAND UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) WAS ADOPTED DURING 2009. CONSEQUENTLY, SINCE 2009, ENDOWMENT ACTIVITY SUCH AS CONTRIBUTIONS, INVESTMENT EARNINGS OR LOSSES, OTHER FACILITY AND PROGRAM EXPENDITURES, AND ADMINISTRATIVE EXPENSES HAS BEEN TRACKED. CONVERSELY, FOR YEARS 2008 AND BEFORE, ONLY CERTAIN DATA RELATED TO THE CORPUS OF ENDOWMENTS WAS REQUIRED TO BE TRACKED AND DETAILED ENDOWMENT REPORTING IS LIMITED. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2010 OR 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES -224,000. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -18,865. TOTAL TO SCHEDULE D, PART XI, LINE 8: -242,865. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICE -224,000. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -18,865. X X X X X 0 0 0 0 0 0 0 0 0 SUSAN F SHEA 157498 0 909 0 19294 0 7228 0 5719 0 190648 0 0 0 ERIK STULLER 142792 0 824 0 9014 0 6120 0 1218 0 159968 0 0 0 JOSEPH SNEE JR BOARD MEMBER 52634 MR. SNEE IS A PARTNER IN THE LAW FIRM PROVIDING LEGAL SERVICES TO THE ORGANIZATION. 0 KENNETH GREENE MD BOARD MEMBER 32321 DR. GREENE IS A BOARD MEMBER AND PROVIDES MEDICAL SERVICES TO THE ORGANIZATION. 0 FORM 990, PART VI, SECTION A, LINE 2 JOSHEPH SNEE, JR., BOARD MEMBER, HAS A BUSINESS RELATIONSHIP WITH SHAWN PYLE, BOARD MEMBER. JOSHEPH SNEE, JR., BOARD MEMBER, HAS A BUSINESS RELATIONSHIP WITH JACOB GOLDSTEIN, BOARD MEMBER. 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 MEMBER OF THE BOARD. THE BOARD IS SELF PERPETUATING. ALL NEW MEMBERS HAVE THE SAME RIGHTS AS EXISTING BOARD 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 ORGANIZATIONS MONITORS THIS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 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 COMMITTEE TO THE BOARD OF DIRECTORS IN DECEMBER FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE FOLLOWING AVAILABLE TO THE PUBLIC: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,056,251. CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES -224,000. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -18,865. TOTAL TO FORM 990, PART XI, LINE 5: -1,299,116. 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 N/A C 1.00000 MARYLAND HOME & SERVICES FOR THE AGING FOUNDATION 400 EAST GEORGIA COURT TOWSON MD 21204 260079952 SUPPORTING FOUNDATION MD N/A C 1.00000 THE VILLAGE AT CARSINS RUN INC 400 EAST GEORGIA COURT TOWSON MD 21204 364549749 PLANNED CCRC MD N/A C 1.00000 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1