2011-07-18T14:54:13-07:00 2010-12-31 990 2010-01-01 412273452 PHI GROUP RETURN PHIG 7175028840 One Trinity Drive East Suite 201 Dillsburg PA 170198522 Jeffrey Davis 7175028840 2011-06-30 2010 2016-02-24 21:20:13Z Presbyterian Senior Living Stephen Proctor One Trinity Drive East Suite 201 Dillsburg PA 17019 193166083 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. 18 17 3329 1721 0 0 2417878 3208544 167481434 174322650 996467 745628 3043 2989 170898822 178279811 0 0 0 0 89183947 86063043 0 0 470930 78162597 84239581 167346544 170302624 3552278 7977187 341157169 360041618 288620084 300225480 52537085 59816138 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 120058609 0 174322650 The organizations within 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. 20757381 0 0 The organization provides care to residents who meet certain criteria under its subsidized care policy at amounts less than its established rates. Because the Corporation does not pursue collection of amounts determined to qualify as subsidized care, they are not reported as revenue. In addition, the Corporation considers contractual allowances subsidized care. The total amount of subsidized care provided under these policies was approximately $20.8 million for the year ended December 31, 2010, of which the amount of charges foregone for services and supplies was approximately $3.8 million. (1267 clients) 0 0 0 140815990 1 1 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 1 533 0 1 3329 1 0 0 0 0 0 0 X 18 17 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 Thomas Beaver III 5 X 0 0 0 John Fargnoli 5 X 0 0 0 Ann Fedorchak 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 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 Philip Miller 5 X X 0 0 0 William Parham 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 415134 20586 MaryAnne Adamczyk 40 X X 0 213478 21059 Jeffrey J Davis 40 X X 0 252341 20571 Donna Casner 40 X X 0 132313 9637 James Bernardo 40 X 0 261423 20586 Louise Sobke 40 X 0 154508 5523 Miriam Zambrana 40 X 99731 0 3712 Hope Manning 40 X 93718 0 8027 Thomas Connors 40 X 96563 0 3646 Adelye Harding 40 X 96613 0 3512 386625 1429197 116859 4 0 1 0 Wagman Construction Inc 231 N George Street York PA 17405 Construction 2637778 Genesis Rehabilitation Services 101 E State Street Kennett Square PA 19348 Therapy 6200071 Millennuim Pharmacy Systems Inc 200 West Kensinger Drive Suite 600 Cranberry Twp PA 16066 Pharmaceuticals 3469324 CURA Hospitality Inc 2970 Corporate Court Ste 5 Orefield PA 18069 Food Services 3208632 Sodexo Inc & Affiliates PO Box 360170 Pittsburgh PA 15251 Food services 2265433 60 0 0 105947 0 505699 2596898 32841 3208544 Resident Service Revenue 623000 101794954 101794954 0 0 Medicare and Medicaid Payments 623000 72527696 72527696 0 0 0 0 0 0 174322650 2558446 0 0 2558446 0 0 0 0 2989 0 0 2989 0 0 13015877 9326 14837672 349 -1821795 8977 -1812818 0 0 -1812818 48251 102383 48251 0 0 0 0 178279811 174322650 0 748617 0 0 0 0 0 0 0 0 386625 193176 193449 0 0 0 0 0 65728916 60917832 4811084 0 1335612 1234514 101098 0 13751617 10355288 3396329 0 4860273 4549131 311142 0 11761147 0 11296071 465076 359967 0 359967 0 156615 0 156615 0 0 0 0 0 0 0 247306 0 247306 0 19291040 18480635 810325 80 583157 465 582692 0 13469485 11423150 2040600 5735 1925472 0 1925472 0 0 0 0 0 11407228 10933881 473347 0 375906 268581 107325 0 0 0 0 0 23373 71 23263 39 5668470 5442865 225605 0 0 0 0 0 13018717 12500572 518145 0 1675193 1285477 389716 0 Bad debt expense 1045515 0 1045515 0 Pharmacy 3230352 3230352 0 0 Overages 638 0 638 0 170302624 140815990 29015704 470930 29891 32091 1716472 2615539 794555 876357 14677725 15332546 0 0 0 0 0 0 366540 291293 4410167 4616155 426466230 202672024 213085872 223794206 59637662 68175183 0 0 46438285 44308248 341157169 360041618 21308262 49571754 0 0 76409974 64420704 168706424 167615223 0 0 0 0 17239684 2786556 0 11418078 4955740 4413165 288620084 300225480 X 30553742 36238146 3895202 4779514 18088141 18798478 52537085 59816138 341157169 360041618 X 7977187 -698134 X 0 1 1 X 1 1 X 3561737 3673057 9862038 2417878 3208544 22723254 150984128 153413517 162096135 167481434 174322650 808297864 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 154545865 157086574 171958173 169899312 177531194 831021118 14223 8229 41108 34225 9460 107245 0 0 6280801 0 0 6280801 14223 8229 6321909 34225 9460 6388046 824633072 3586054 3265931 2979306 2763626 2561435 15156352 0 0 0 0 0 0 3586054 3265931 2979306 2763626 2561435 15156352 0 0 0 0 0 0 0 0 0 0 0 0 158131919 160352505 174937479 172662938 180092629 846177470 0.97454 0.97302 0.01791 0.01915 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5303697 296720 116788 0 95889 0 5621316 5199964 95047 49226 0 40540 0 5303697 4946445 189176 156911 0 92568 0 5199964 0 0.937 0.063 0 0 0 31351730 31351730 0 292391659 148409852 143981807 0 0 0 0 0 47327492 39521292 7806200 0 55395349 14740880 40654469 223794206 Assets under capital leases 142377 Assets whose use is limited 13521320 Interest receivable 6605 Funds held in trust by others 14810256 Other assets 46502 Due from affiliates 15781188 44308248 0 Annuities payable 1097408 Obligations under capital lease 134622 Fair market value of interest rate swaps 1718966 Resident deposits 1462169 4413165 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. Pres Homes Golf Outing 70665 49912 20753 3000 3443 9621 4122 0 567 LC Gala 22425 9774 12651 0 0 80 9647 1400 1524 4 61108 46261 14847 0 1649 3372 3083 1250 5493 154198 105947 48251 3000 5092 13073 16852 2650 7584 48251 0 X X X X 0 0 0 0 0 0 0 0 0 Stephen Proctor 0 413737 0 0 0 1397 0 7350 0 13236 0 435720 0 0 MaryAnne Adamczyk 0 211111 0 0 0 2367 0 6492 0 14567 0 234537 0 0 Jeffrey J Davis 0 250753 0 0 0 1588 0 7350 0 13221 0 272912 0 0 Donna Casner 0 132313 0 0 0 0 0 4000 0 5637 0 141950 0 0 James Bernardo 0 260890 0 0 0 533 0 7350 0 13236 0 282009 0 0 Louise Sobke 0 154401 0 0 0 107 0 4597 0 926 0 160031 0 0 Miriam Zambrana 99731 0 0 0 0 0 2947 0 765 0 103443 0 0 0 Hope Manning 93718 0 0 0 0 0 2636 0 5391 0 101745 0 0 0 Thomas Connors 96563 0 0 0 0 0 2889 0 757 0 100209 0 0 0 Adelye Harding 96613 0 0 0 0 0 2889 0 623 0 100125 0 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 1401513 1674347 0 273586 0 0 16089894 0 0 2009 0 0 1 1 520388 0 3800000 0 0 0 74885 0 0 3725115 0 0 2006 0 0 1 1 0 0 45000861 1826040 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 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 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 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 8/27/1974, 12/17/1993 and 7/18/1997, 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 Issuer's 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 Bond. The proceeds from the York County Industrial Development Authority Bonds Series 2010 are being 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 has entered into three different hedge agreements. The first agreement is with M&T Bank for $10,000,000 for a term of 1.6. The remaining two are with Wells Fargo. Both are for $10,000,000 each with terms of 2.5 and 4.5. 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 1985325 0 0 1219674 0 0 6114433 0 0 2005 1 0 1 1 925000 0 9008045 14837 0 0 205352 0 0 8794648 0 0 2005 0 0 1 1 0 0 17182131 2385919 0 0 1480660 0 0 0 19165 0 2005 0 1 1 1 0 0 8000000 1401513 0 0 100468 0 0 2823548 0 0 2007 1 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 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 6563713 0 0 0 295666 0 0 6563713 0 0 2011 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 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 191372 Kressler, Wolff and Miller are the Health Insurance brokers for Presbyterian Senior Living and all of its affiliates 0 Robert Hormell Board Chair and First National Bank Board Member 698989 Repayment of loan by member of the group to First National Bank 0 LeRoy Maxwell Board Member and M&T Regional Board Member 246950 Repayments of loans by member of the group to M&T Bank 0 X 370 Purchase price X 10765 Fair market value X 2 6800 Sale of comparable X 2 1194 Purchase price X Gift cards 23 620 Purchase price X Medical equipment 4 6815 Fair market value X Special event items 112 5927 Purchase price 0 0 1 0 F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a 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 Consists of $684,023 for change in fair value of interest rate swaps, $725 for gain on early extinguishment of debt, ($44,970) for loss on impairment of assets, $7,817,577 unrealized gain on investments and assets held in trust, ($300,000) for pension-related changes other than net periodic costs, ($14,405,377) prior year adjustment for the cumulative effect of change in accounting for amortization of refundable entrance fees, $2,765,050 amendment to the 2009 net asset balance for the addition of PHI Bloomsburg Senior Care in 2010 and $2,784,838 for the addition of the Long Community to the PHI group return. In 2009, The Long Community filed a separate 990. 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 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 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 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 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 0 0 0 PHI Services Inc One Trinity Drive East Suite 201 Dillsburg PA 17019 134357222 Advertising PA PHI dba Presbyterian Senoir Living C 0 0 0 Schartner House Inc 1271 Gettysburg Pike Dillsburg PA 17019 861161245 Low income housing PA PHI dba Presbyterian Senior Living C 0 0 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 0 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 0 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 0 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 0 0 Westminster Place at Stewartstown Inc One Trinity Drive East Suite 201 Dillsburg PA 17019 800499627 Low income housing PA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 PHI dba Presbyterian Senior Living p 1967626 Actual expenses paid