2023-11-08T09:26:31-06:00 2022-12-31 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-01-01 570373677 PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA PRES 8037725885 2817 ASHLAND ROAD COLUMBIA SC 29210 KEVIN M JOHNSON CFO 8037725885 2023-11-07 1 KEVIN JOHNSON 999009999 1 AMY BIBBY P00445891 8282542254 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z L FRANKLIN FANT 2817 ASHLAND ROAD COLUMBIA SC 29210 64307962 0 X WWW.PRESHOMESC.ORG X 1954 SC PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA IS A NOT-FOR-PROFIT LIFE PLAN COMMUNITY ASSOCIATED WITH THE PRESBYTERIAN CHURCH (USA) AND OFFERS A VARIETY OF LIFESTYLE CHOICES TO MEET THE DIVERSE AND CHANGING NEEDS OF TODAY'S SENIORS. THEIR MISSION STATEMENT: WE ARE A COMPASSIONATE CHRISTIAN MINISTRY DEDICATED TO ENRICHING THE QUALITY OF LIFE FOR SENIORS OF ALL FAITHS. 14 14 1365 50 0 0 514530 225986 56866908 62902649 24189 189342 1497547 964105 58903174 64282082 692279 1037891 0 0 27968363 31799627 0 0 817958 32264574 35830029 60925216 68667547 -2022042 -4385465 133476143 169328957 106163651 141669742 27312492 27659215 X SEE SCHEDULE O:PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA IS A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY ASSOCIATED WITH THE PRESBYTERIAN CHURCH (USA) AND OFFERS A VARIETY OF LIFESTYLE CHOICES TO MEET THE DIVERSE AND CHANGING NEEDS OF TODAY'S SENIORS. THEIR MISSION STATEMENT: WE ARE A COMPASSIONATE CHRISTIAN MINISTRY DEDICATED TO ENRICHING THE QUALITY OF LIFE FOR SENIORS OF ALL FAITHS. 0 0 50121810 1037891 62929649 THE ORGANIZATION CURRENTLY OPERATES FIVE RETIREMENT COMMUNITIES IN VARIOUS LOCATIONS ACROSS SOUTH CAROLINA PROVIDING INDEPENDENT LIVING ACCOMMODATIONS, ASSISTED LIVING AND SKILLED NURSING. IN 2022, AN AVERAGE OF 928 RESIDENTS WERE SERVED EACH MONTH ACROSS THE CONTINUUM OF CARE. THE ORGANIZATION ALSO PROVIDES ASSISTANCE IN THE FORM OF REDUCED FEES TO QUALIFYING RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES. THE CHARGES FOREGONE RELATED TO THIS ASSISTANCE, OR FINANCIAL SUBSIDY, NET OF RECOVERIES, AMOUNTED TO $1,037,891 AND $692,279 DURING 2022 AND 2021, RESPECTIVELY. THERE WERE 22 RESIDENTS ASSISTED IN 2022 AND 17 RESIDENTS SERVED IN 2021. 50121810 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 168 0 1 1365 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 SC X KEVIN M JOHNSON 8033650855 2817 ASHLAND ROAD COLUMBIA SC 29210 JULIAN J NEXSEN JR CHAIR 1.00 X X 0 0 0 REVEREND DR R D HOLLOWAY VICE CHAIR 1.00 X X 0 0 0 WALLY GRAVES SECRETARY 1.00 X X 0 0 0 DR PRISCILLA W HOLTZCLAW BOARD MEMBER 1.00 X 0 0 0 DR RICHARD S MCCAIN BOARD MEMBER 1.00 X 0 0 0 JOEL D LEDBETTER BOARD MEMBER 1.00 X 0 0 0 JOHN S LONG BOARD MEMBER 1.00 X 0 0 0 MARK CLARY BOARD MEMBER 1.00 X 0 0 0 MARTHA CASTO BOARD MEMBER 1.00 X 0 0 0 PAIGE PARSONS-LEWIS BOARD MEMBER 1.00 X 0 0 0 REVEREND DR DEBORAH FOSTER BOARD MEMBER 1.00 X 0 0 0 REVEREND DR ERIC SKIDMORE BOARD MEMBER 1.00 X 0 0 0 WILLIAM F HALLIGAN BOARD MEMBER 1.00 X 0 0 0 WILLIAM H HANCOCK CPA BOARD MEMBER 1.00 X 0 0 0 LUTHER F FANT CEO 39.00 1.00 X 333310 0 14318 AMANDA STAMPER COO 39.00 1.00 X 220342 0 12137 W CHAD MELVEN CPA CFO 39.00 1.00 X 177622 0 5627 JAMES DEEL EXECUTIVE DIRECTOR 40.00 X 0 147648 10476 MATTHEW SCHORNER DIRECTOR THERAPY SERVICES 40.00 X 154486 0 4869 LESLIE ANZALONE EXECUTIVE DIRECTOR 40.00 X 163174 0 11179 TRACEY CATANZARO DIRECTOR - IT 40.00 X 140622 0 4070 CINDY ROBBINS EXECUTIVE DIRECTOR 40.00 X 140727 0 5370 1330283 147648 68046 8 0 1 0 ACUTE HEALTHCARE PROFESSIONALS 2221 BUECHEL AVENUE SUITE 1 LOUISVILLE KY 40218 STAFFING AGENCY 498841 ESSENTIAL HEALTHCARE SERVICES LLC PO BOX 4729 WINTER PARK FL 32793 STAFFING AGENCY 314515 OPEN DOOR PERSONNEL PO BOX 823461 PHILADELPHIA PA 19182 STAFFING AGENCY 197507 PEOPLE READY INC 1002 SOLUTIONS CENTER CHICAGO IL 60677 STAFFING AGENCY 172227 TOP FLITE STAFFING PO BOX 51135 PIEDMONT SC 29673 STAFFING AGENCY 100288 5 225986 225986 RESIDENT SERVICE REVENUE 623000 59724461 59724461 AMORTIZATION OF FEES 623000 2795587 2795587 BEAUTY SHOP 623000 218740 218740 LAB REVENUE 623000 91658 91658 MEALS AND CATERING REVENUE 623000 72203 72203 62902649 189342 189342 52656 25880 26776 26776 26776 MISCELLANEOUS 900099 937329 937329 937329 64282082 62902649 0 1153447 X 1037891 1037891 763355 763355 24846758 21024194 3627343 195221 710027 501351 204026 4650 3143679 2211480 912598 19601 2335808 1632237 690804 12767 235795 235795 3534 3534 13936378 13365344 571034 352662 350396 2266 3009698 2545784 257088 206826 1083545 733851 349694 3387295 3360469 26826 210264 130858 64942 14464 107573 62929 29909 14735 3382619 3382619 6182176 6182176 1360799 1331735 29064 MEDICAL SUPPLIES 2078219 2071851 6368 BAD DEBT 259496 259496 MISCELLANEOUS 239976 0 239976 68667547 50121810 17727779 817958 10939485 6923503 8076820 2828333 2574263 627364 462742 59932 180112 223878180 95383811 101376323 128494369 413471 516839 923075 17231235 21177234 133476143 169328957 7941683 6721804 23127238 32759070 72760724 87273985 11250000 2334006 3664883 106163651 141669742 X 27312480 27659203 12 12 27312492 27659215 133476143 169328957 X -4385465 57457 4674731 X X 0 1 X 1 0 X 1910687 2023344 2674788 514530 225986 7349335 55300116 56968868 55635436 58866908 62902649 289673977 57210803 58992212 58310224 59381438 63128635 297023312 22349 22349 0 22349 22349 297000963 223995 194448 88007 39082 241998 787530 223995 194448 88007 39082 241998 787530 231540 187740 270353 1497547 937329 3124509 57666338 59374400 58668584 60918067 64307962 300935351 0.98690 0.98930 0.00260 0.00220 X 4404888 4404888 187380956 83634897 103746059 23003525 10985470 12018055 9088811 763444 8325367 128494369 OTHER RECEIVABLES 192395 ASSETS LIMITED AS TO USE 14345016 DUE FROM RELEATED ORGANIZATION 6465453 OPERATING LEASE RIGHT-OF-USE ASSETS 174370 21177234 ASSET RETIREMENT OBLIGATION 160811 ADVANCE ENTRANCE FEES FOR PROSPECTIVE RESIDENTS 1103312 DUE TO RELATED ORGANIZATION 1751584 OPERATING LEASE LIABILITIES 174745 ACCRUED INTEREST 270833 RESIDENT DEPOSITS AND REFUNDS 203598 3664883 X PART X, LINE 2: PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA, PCSC FOUNDATION, LAUREL CREST RETIREMENT COMMUNITY, AND LAUREL CREST FOUNDATION ARE TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY, NO PROVISION FOR INCOME TAX IS RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PRESBYTERIAN PROPERTIES, LLC'S TAXABLE INCOME OR LOSS IS ALLOCATED TO THE MEMBERS IN ACCORDANCE WITH THE OPERATING AGREEMENT AND IS REFLECTED IN THEIR INCOME TAXES; ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2022. 1 RESIDENT ASSISTANCE 22 1037891 FMV THE ASSISTANCE IS AWARDED AS THE REDUCTION OF RESIDENT FEES. PART I, LINE 2: THE RESIDENTS' FINANCIAL NEED IS DISCUSSED WITH MANAGEMENT AND ASSISTANCE TOWARDS RESIDENT FEES IS DETERMINED ON A CASE-BY-CASE BASIS. X 0 0 X 0 0 0 0 0 0 0 0 0 LUTHER F FANT CEO 326680 0 0 0 6630 0 8304 0 6014 0 347628 0 0 0 AMANDA STAMPER COO 220342 0 0 0 0 0 6116 0 6021 0 232479 0 0 0 W CHAD MELVEN CPA CFO 177622 0 0 0 0 0 5329 0 298 0 183249 0 0 0 LESLIE ANZALONE EXECUTIVE DIRECTOR 163174 0 0 0 0 0 4895 0 6284 0 174353 0 0 0 MATTHEW SCHORNER DIRECTOR THERAPY SERVICES 154486 0 0 0 0 0 4583 0 286 0 159355 0 0 0 JAMES DEEL EXECUTIVE DIRECTOR 0 147648 0 0 0 0 0 4430 0 6046 0 158124 0 0 PART I, LINE 1A HOUSING ALLOWANCE IS PROVIDED TO CEO WHO IS ORDAINED MINISTER OF THE PRESBYTERIAN CHURCH (USA). AMOUNT IS DETERMINED AND PRESCRIBED BY BOARD OF TRUSTEES. A SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 837031VK6 2016-10-25 63865000 TO REFINANCE COST ASSOCIATED WITH EXPANSION 0 0 0 B SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 2020-10-29 28400000 ECONOMIC DEVELOPMENT REVENUE BONDS (PRES. COMM. OF SOUTH CAROLINA), 2020A AN 0 0 0 C SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 837031XB4 2017-12-28 8870000 REFUND AND CAPITAL PROJECT - SERIES 2017A, B, AND C 0 0 0 A 1900000 64141520 862540 36135000 27730000 2018 1 0 0 1 B 28492746 1130875 563138 26705987 0 0 0 0 C 615000 8936983 671783 411263 157516 6392775 1803038 369046 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 1 C 0 1 0 0 1 0 0 0 0 A 0 B 1 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRMAN OF THE BOARD OF TRUSTEES, WHO SHALL BE CHAIRMAN OF THE EXECUTIVE COMMITTEE, THE VICE CHAIRMAN OF THE BOARD OF TRUSTEES, AND THE CHAIRMAN OF EACH STANDING COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A THE EXECUTIVE PRESBYTERS/GENERAL PRESBYTERS OF THE FIVE PRESBYTERIES OF SOUTH CAROLINA SHALL APPOINT ONE OF THEIR NUMBER TO SERVE AS A TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY MANAGEMENT PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICT IS REVIEWED AND SIGNED ANNUALLY. AT THE BEGINNING OF BOARD MEETINGS, MEMBERS ARE ASK TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 A CONFLICT-FREE BOARD RELYING ON COMPARABLE SALARY INFORMATION FROM SIMILAR ORGANIZATIONS IN THE SAME GEOGRAPHIC LOCATION VOTES ON COMPENSATION ADJUSTMENTS FOR THE CEO. FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G STAFFING FEES: PROGRAM SERVICE EXPENSES 2,833,739. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,833,739. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 674,644. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 674,644. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 5,725,335. MANAGEMENT AND GENERAL EXPENSES 39,443. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,764,778. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 282,078. MANAGEMENT AND GENERAL EXPENSES 531,591. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 813,669. FOOD SERVICE CONTRACT: PROGRAM SERVICE EXPENSES 3,849,548. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,849,548. FORM 990, PART XI, LINE 9: NET ASSETS RELEASED 1,988,637. TRANSFER OF N/A PURSUANT TO MERGER OF LAUREL CREST RETIREMENT COMMUNITY 2,686,094. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PRESBYTERIAN PROPERTIES LLC 2817 ASHLAND ROAD COLUMBIA SC 29210 PROPERTY MANAGEMENT SC 52656 1796677 PRESBYTERIAN HOME OF SC PCSC FOUNDATION 2817 ASHLAND ROAD COLUMBIA SC 29210 371566967 TO PROVIDE FINANCIAL ASSISTANCE TO PRESBYTERIAN HOME OF SOUTH CAROLINA SC 501(C)(3) LINE 12A, I PRESBYTERIAN HOME OF SOUTH CAROLINA 1 LAUREL CREST RETIREMENT COMMUNITY 2817 ASHLAND ROAD COLUMBIA SC 29210 822636406 NON-PROFIT HEALTHCARE AND RETIREMENT COMMUNITY SERVICES SC 501(C)(3) LINE 10 PRESBYTERIAN HOME OF SOUTH CAROLINA 1 LAUREL CREST FOUNDATION 2817 ASHLAND ROAD COLUMBIA SC 29210 822641629 TO PROVIDE FINANCIAL ASSISTANCE TO LAUREL CREST RETIREMENT COMMUNITY SC 501(C)(3) LINE 12A, I PRESBYTERIAN HOME OF SOUTH CAROLINA 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 SOUTH CAROLINA PRESBYTERIAN RETIREMENT COMMUNITIES FOUNDATION C 1513853 FMV