2023-11-12T10:26:09-00:00 2022-12-31 990 2022-01-01 842483072 Harbor Inn HARB 26200 Lahser Rd APT 300 Southfield MI 48033 Aaron Lundgaard Board Chair 2023-11-09 false Aaron Lundgaard 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Harbor Inn Aaron Lundgaard 26200 Lahser Rd Suite 300 Southfield MI 48033 953596 false X www.PVM.org X 2018 MI Construction and operation of housing for senior adults 17 17 0 17 0 0 253397 946679 6290 26 627 253423 953596 0 0 27093 213322 0 0 407804 2185150 434897 2398472 -181474 -1444876 23317130 28304078 22242339 27416755 1074791 887323 Construction an operation of housing for senior adults false false 2197881 953596 Construction and operation of housing for senior adults 2197881 true false false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true X 0 0 true 0 true false false false false false false false false false false false false false X 17 17 true true false false true true true true true false false true false false false true false false MI X X Presbyterian Villages of Michigan 2482812020 26200 Lahser Rd Suite 300 Southfield MI 48033 Wenona Breazeale Manager AL/RLC 040.00 X 68893 3185 0 Andrew Adair trustee 001.00 001.00 X 0 0 0 Kathryn Bartz Secretary 001.00 001.00 X X 0 0 0 Eddia McDade trustee 001.00 001.00 X 0 0 0 Melinda Conway Callahan trustee 001.00 001.00 X 0 0 0 Debra Denler Treasurer 001.00 001.00 X X 0 0 0 Gary Gendernalik trustee 001.00 001.00 X 0 0 0 Frank Gitre trustee 001.00 001.00 X 0 0 0 Briana Jacob trustee 001.00 001.00 X 0 0 0 Ricardo Lara Jr Vice Chair 001.00 001.00 X X 0 0 0 Aaron Lundgaard Chair 001.00 001.00 X X 0 0 0 Michael Passmore trustee 001.00 001.00 X 0 0 0 Jeffrey Pike trustee 001.00 001.00 X 0 0 0 Patricia Pike trustee 001.00 001.00 X 0 0 0 Farrah Randayal trustee 001.00 001.00 X 0 0 0 Elaine Walton trustee 001.00 001.00 X 0 0 0 Janet Lickman trustee 001.00 001.00 X 0 0 0 Monnencia Riley trustee 001.00 001.00 X 0 0 0 68893 3185 false false false Resident payments for services 623000 946679 946679 946679 6290 6290 627 627 627 953596 953596 0 0 0 0 0 0 201978 133085 68893 0 320 211 109 11024 11024 37887 37887 34905 34905 4538 4538 0 0 0 195010 195010 5505 909 4596 40424 40424 0 142347 142023 324 22459 22459 0 0 760578 758845 1733 0 899789 897739 2050 26975 26914 61 supplies 9661 9661 5072 1 5071 2398472 2197881 200591 0 4520 11313 -11424 26703150 1072813 21862980 25630337 1449630 2673852 23317130 28304078 1900389 206426 20341950 27210329 22242339 27416755 X 1074791 887323 1074791 887323 23317130 28304078 -1444876 1257408 X false X true X true false X 253423 947306 1200729 253423 947306 1200729 1200729 6290 6290 0 6290 6290 0 0 253423 953596 1207019 X 0.00000 0.00000 false 900000 900000 20174590 709518 19465072 3838803 279401 3559402 1789757 83894 1705863 25630337 Financial derivatives and other financial products Closely-held equity interests Project Fund 139 Debt Service Reserve 422894 Interest Fund 23903 Bond payment fund 8490 Fair value of interest rate swap 1647252 Debt issuance costs 571174 2673852 Federal income taxes Provision for interest swap agreement Loans due to PVM 27210329 27210329 953596 953596 953596 2398472 2398472 2398472 X 1 The Obligated Group members are not-for-profit corporations and are exempt from tax under the provisions of Internal Revenue Code Section 501c3. Accordingly, no tax provision is recorded in the special purpose combined financial statements. false false false false false false false Form 990, Part V, Line 2a PVM acts as a common pay master for all entities within the PVM system, therefore this Organization does not file any W-2 forms. The Organization reported here had 1 employee during 2022. Form 990, Part VI, Section A, Line 3 The Organization contracts with Presbyterian Villages of Michigan for management services Form 990, Part VI, Section A, Line 7a Presbyterian Villages of Michigan is the sole member of the corporation and appoints the members of the board. Form 990, Part VI, Section B, Line 11 A copy of the completed form and all related schedules was distributed to the board members via e-mail for their review, comment and questions prior to filing Form 990, Part VI, Section B, Line 12 Presbyterian Villages of Michigan annually distributes conflict of interest forms to all board members and senior staff. Forms are returned to the PVM offices. This Organization does not have its own conflict of interest policy, but uses the conflict of interest policy of Presbyterian Villages of Michigan. Form 990, Part VI, Section B, Line 13 The Organization does not have its own whistleblower policy. It relies on the policy of PVM, its management company Form 990, Part VI, Section B, Line 14 The Organization does not have a written document retention policy approved by its board of directors it relies on the policy adopted by Presbyterian Villages of Michigan, its management agent Form 990, Part VI, Section B, Line 15b A biannual salary study is conducted by an independent compensation consultant/analyst who reports to the PVM Executive Committee acting in their capacity as the PVM Compensation Committee. Compensation rates are also routinely surveyed and evaluated for all employee positions. Form 990, Part VI, Section C, Line 19 The Organization has not yet established a process for publicly disclosing its governing documents or conflict of interest policy. Such items are available upon request. Annual audits and Form 990 are available at www.PVM.org Form 990, Part VI, Section C, Line 20 A tax exempt bond issue was completed in 2020 in order to refinance certain commercial loans and to provide new money for a variety of capital projects, including the construction of Harbor Inn. The entire bond issue was done in the name of Presbyterian Villages of Michigan for the benefit of the Obligated Group. Funds were loaned to these entities and are reported as unsecured debt on their Form 990. Presbyterian Villages of Michigan 26200 Lahser Rd Suite 300 Southfield MI 48033 381387145 property management MI 3 10 N/A false Presbyterian Village East 33875 Kiely Dr Chesterfield MI 48047 383098399 retirement community MI 3 10 Presbyterian Villages of Michigan false Presbyterian Villages of Michigan Foundation 26200 Lahser Rd Suite 300 Southfield MI 48033 202559884 foundation MI 3 Presbyterian VIllages of Michigan false Presyterian Village Redford 26200 Lahser Rd Suite 300 Southfield MI 48033 383098398 retirement community MI 3 10 Presbyterian Villages of Michigan false Presbyterian Village Westland 32001 Cherry Hill Rd Westland MI 48186 382302090 retirement community MI 3 10 Presbyterian Villages of Michigan false Presbyterian Village North 420 S Opdyke Rd Pontiact MI 48341 382204058 retirement community MI 3 10 Presbyterian Villages of Michigan false Harry & Jeanette Weinberg Green Houses at Rivertown Neighborhood 26200 Lahser Rd Suite 300 Southfield MI 48033 371748152 retirement community MI 3 10 Presbyterian Villages of Michigan false false false false false true false false false false false false false true false false true false false false Presbyterian Villages of Michigan p 1460796 direct payment Presbyterian Villages of Michigan e 27210329 per audit Presbyterian Villages of Michigan m 37887 direct payment