2023-11-08T09:26:31-06:00 2022-12-31 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-01-01 822636406 LAUREL CREST RETIREMENT COMMUNITY LAUR 8037725885 2817 ASHLAND ROAD COLUMBIA SC 292105009 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 X L FRANKLIN FANT 2817 ASHLAND ROAD COLUMBIA SC 292105009 7351578 0 X N/A X 2017 SC LAUREL CREST RETIREMENT COMMUNITY IS A NOT-FOR-PROFIT LIFE PLAN COMMUNITY THAT 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. X 14 14 168 10 0 0 87650 82631 6906836 7252432 80 11866 13727 4649 7008293 7351578 0 0 0 0 2877097 3270684 0 0 0 4584999 4679579 7462096 7950263 -453803 -598685 30245637 0 26960858 0 3284779 0 X SEE SCHEDULE O:LAUREL CREST RETIREMENT COMMUNITY IS A NOT-FOR-PROFIT LIFE PLAN COMMUNITY THAT 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 7296126 7252432 THE ORGANIZATION OPERATES A SINGLE CAMPUS RETIREMENT COMMUNITY IN WEST COLUMBIA ,SOUTH CAROLINA PROVIDING INDEPENDENT LIVING ACCOMMODATIONS, ASSISTED LIVING , MEMORY CARE AND A SKILLED NURSING FACILITY. IN 2022, OVER 100 RESIDENTS WERE SERVED ACROSS THE CONTINUUM OF CARE.OPERATIONS MERGED INTO PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA EFFECTIVE 01/01/2023. 7296126 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 24 0 1 168 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 SC X KEVIN M JOHNSON 8037725885 2817 ASHLAND ROAD COLUMBIA SC 292105009 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 1.00 39.00 X 0 333310 14318 AMANDA STAMPER COO 1.00 39.00 X 0 220342 12137 W CHAD MELVEN CPA CFO 1.00 39.00 X 0 177622 5627 JAMES DEEL EXECUTIVE DIRECTOR 1.00 39.00 X 147648 0 10476 147648 731274 42558 23 0 1 0 0 4191 78440 82631 RESIDENT SERVICE REVEN 623000 6070365 6070365 AMORTIZATION OF FEES 623000 1182067 1182067 7252432 11866 11866 OTHER INCOME 900099 4649 4649 4649 7351578 7252432 0 16515 X 2888162 2310530 577632 223 178 45 158160 126528 31632 224139 179311 44828 964948 964948 373612 373612 956224 956224 1167100 1167100 177001 177001 OTHER OPERATING EXPENSE 1007258 1007258 MEDICAL SUPPLIES 29135 29135 COVID-19 EXPENSES 4301 4301 7950263 7296126 654137 0 3291591 0 0 0 81976 0 0 0 0 0 16188 0 0 24002392 0 0 0 0 1038460 0 1815030 0 30245637 0 901204 5985007 7492725 11520000 1061922 0 26960858 0 X 3284779 0 3284779 0 30245637 0 X -598685 -2686094 X X 0 1 X 1 0 X 62927 115017 617356 82631 877931 6822891 7190289 6377130 7252432 27642742 6885818 7305306 6994486 7335063 28520673 0 0 0 28520673 26753 4706 80 11866 43405 26753 4706 80 11866 43405 42717 388 13727 4649 61481 6955288 7310400 7008293 7351578 28625559 X 0 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. X 0 0 X 0 0 0 0 0 0 0 0 0 LUTHER F FANT CEO 0 326680 0 0 0 6630 0 8304 0 6014 0 347628 0 0 AMANDA STAMPER COO 0 220342 0 0 0 0 0 6116 0 6021 0 232479 0 0 W CHAD MELVEN CPA CFO 0 177622 0 0 0 0 0 5329 0 298 0 183249 0 0 JAMES DEEL EXECUTIVE DIRECTOR 147648 0 0 0 0 0 4430 0 6046 0 158124 0 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. CASH AND ASSETS LIMITED TO USE 2022-12-31 3870530 ACTUAL/AUDITED FS VALUE 570373677 PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA 2817 ASHLAND ROAD COLUMBIA SC 29210 501(C)(3) RECEIVABLES 2022-12-31 136206 ACTUAL/AUDITED FS VALUE 570373677 PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA 2817 ASHLAND ROAD COLUMBIA SC 29210 501(C)(3) PROPERTY PLANT AND EQUIPMENT 2022-12-31 23379495 ACTUAL/AUDITED FS VALUE 570373677 PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA 2817 ASHLAND ROAD COLUMBIA SC 29210 501(C)(3) PREPAIDS, INVENTORY, AND INTANGIBLES 2022-12-31 983802 ACTUAL/AUDITED FS VALUE 570373677 PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA 2817 ASHLAND ROAD COLUMBIA SC 29210 501(C)(3) NET ASSETS 2022-12-31 2686094 ACTUAL/AUDITED FS VALUE 570373677 PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA 2817 ASHLAND ROAD COLUMBIA SC 29210 501(C)(3) 0 0 0 0 1 1 1 1 1 1 PART I, LINE 6C: THE ORGANIZATION MERGED INTO PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA A RELATED ORGANIZATION. THROUGH THE MERGER THE BOND LIABILITIES ARE NOW REPORTED BY PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA. THE BOND WAS ISSUED TO PRESBYTERIAN RETIREMENT COMMUNITIES BUT WAS FOR THE PURPOSE OF THE LAUREL CREST RETIRMENT COMMUNITY PROJECT AND HAD BEEN REPORTED ON THIS RETURN TO ALIGN WITH THE ASSOCIATED PROJECT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S SOLE MEMBER IS THE PRESBYTERIAN HOME OF SOUTH CAROLINA. FORM 990, PART VI, SECTION A, LINE 7A AN ELECTION OF ALL DIRECTORS BY THE PRESBYTERIAN HOME OF SOUTH CAROLINA SHALL BE HELD AT EACH ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY MANAGEMENT PRIOR TO FILING WITH 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 15A 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 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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 FROM THE ADMINISTRATIVE OFFICE. FORM 990, PART IX, LINE 11G DINING SERVICES: PROGRAM SERVICE EXPENSES 622,526. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 622,526. BUILDING AND MAINTENANCE SERVICES: PROGRAM SERVICE EXPENSES 337,338. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 337,338. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 5,084. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,084. FORM 990, PART XI, LINE 9: 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 COMMUNITIES OF SOUTH CAROLINA 2817 ASHLAND ROAD COLUMBIA SC 29210 570373677 NON-PROFIT HEALTHCARE AND RETIREMENT COMMUNITY SERVICES SC 501(C)(3) LINE 10 N/A 0 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 COMMUNITIES OF SOUTH CAROLINA 1 LAUREL CREST RETIREMENT COMMUNITY FOUNDATION 2817 ASHLAND ROAD COLUMBIA SC 29210 822641629 TO PROVIDE FINANCIAL ASSISTANCE TO LAUREL CREST RETIREMENT COMMUNITY SC 501(C)(3) LINE 10 PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0