2023-11-15T09:58:46-06:00 2022-12-31 420714325 RSM US LLP 6 S PATTERSON BLVD DAYTON OH 45402 990 2022-01-01 610461720 EPISCOPAL CHURCH HOME EPIS 5132719610 3870 VIRGINIA AVE CINCINNATI OH 452273431 DANIEL P STEWARD CFO 5132719610 2023-11-14 1 DANIEL STEWARD XXX-XX-XXXX 0 KAREN O CRIM P00368385 9372980201 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAURA LAMB 3870 VIRGINIA AVE CINCINNATI OH 452273431 5694091 0 X WWW.EPISCOPALRETIREMENT.COM X 1872 KY TO ENHANCE THE QUALITY OF LIFE FOR OLDER ADULTS THROUGH A CARING, CHRISTIAN COMMUNITY. 9 8 0 48 0 0 392294 8276 6069861 5538478 761291 -30476 33435 106408 7256881 5622686 3203 5622 0 0 5056875 4225743 0 0 72291 5509096 4825412 10569174 9056777 -3312293 -3434091 39878339 43430147 29957413 37706571 9920926 5723576 X AS AN INTERDENOMINATIONAL CHRISTIAN COMMUNITY RETIREMENT AND CARE FACILITY, THE EPISCOPAL CHURCH HOME IS DEDICATED TO PROVIDING A FULL RANGE OF HIGH-QUALITY RESIDENT SERVICES FROM LONG TERM ALZHEIMER'S/MEMORY CARE TO SHORT TERM REHABILITATION ON A NOT-FOR-PROFIT BASIS. 0 0 6691972 5622 5644886 THE EPISCOPAL CHURCH HOME, INC. (THE ORGANIZATION) IS A KENTUCKY NONPROFIT ORGANIZATION LOCATED IN LOUISVILLE, KENTUCKY. THE ORGANIZATION OPERATES A SENIOR RESIDENTIAL HEALTH CARE FACILITY AND HOME KNOWN AS THE EPISCOPAL CHURCH HOME (THE HOME). THE HOME HAS LICENSES TO OPERATE UP TO 93 SKILLED NURSING FACILITY BEDS, 46 NURSING HOME BEDS, AND 127 PERSONAL CARE BEDS, 52 OF WHICH ARE LOCATED IN A DESIGNATED SPECIAL CARE UNIT FOR MEMORY-IMPAIRED PERSONS. ST. LUKE'S CHAPEL IS LOCATED ADJACENT TO THE HOME AND ITS ACCOUNTS AND ACTIVITIES ARE INCLUDED WITH THOSE OF THE HOME. THE ORGANIZATION ALSO OWNS AND OPERATES DUDLEY SQUARE, AN INDEPENDENT LIVING RETIREMENT COMMUNITY CONSISTING OF 62 TOWNHOUSES ON A SITE ADJACENT TO THE HOME. RESIDENTS OF DUDLEY SQUARE HAVE LIFETIME OCCUPANCY RIGHTS IN RETURN FOR PAYMENT. IN EARLY 2020, ECH ANNOUNCED A $19 MILLION RENOVATION FOR THE CAMPUS WHICH WILL ALLOW IT TO CONTINUE ITS MISSION AND LEGACY OF SERVING OLDER ADULTS IN A PERSON-CENTERED, INNOATIVE AND SPIRTUALLY-BASED WAY AS WELL AS RESPOND TO CHANGING MARKET TRENDS AND CONSUMER PREFERENCES. 6691972 1 0 0 1 0 0 0 0 0 1 1 0 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 0 0 0 0 0 0 1 1 1 0 0 1 15 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 KY X DANIEL P STEWARD 5132719610 3870 VIRGINIA AVENUE CINCINNATI OH 45227 LAURA LAMB CEO 10.00 30.00 X X 0 495034 61284 ROB KING CHAIR 0.30 0.20 X X 0 0 0 AMY BURNETTE TRUSTEE 0.20 0.20 X 0 0 0 W THOMAS COOPER TRUSTEE 0.30 0.40 X 0 0 0 THE REV CANON AMY COULTAS TRUSTEE 0.20 0.20 X 0 0 0 JOANN HAGOPIAN TRUSTEE 0.20 0.40 X 0 0 0 THE REV CANON JACK KOEPKE TRUSTEE 0.30 0.40 X 0 0 0 GIBBS REESE TRUSTEE 0.20 0.20 X 0 0 0 NELSON TOEBBE TRUSTEE 0.20 0.20 X 0 0 0 DANIEL STEWARD CFO 10.00 30.00 X 0 249143 27051 JAMES WILSON VP, AFFORDABLE LIVING 10.00 30.00 X 0 188694 11047 MEGAN BRADFORD VP, MIDDLE MARKET & MINISTRY 10.00 30.00 X 0 148349 4360 JOAN WETZEL VP, HR & ORG. DEV. 10.00 30.00 X 0 169795 26816 BEVERLY EDWARDS VP, RESIDENT HEALTHCARE 30.00 10.00 X 0 201997 3108 BRYAN REYNOLDS VP, MARKETING 10.00 30.00 X 0 146738 24130 0 1599750 157796 0 0 1 0 RIDGESTONE GENERAL CONTRACTOR 7015 LIGHTHOUSE WAY STE 500 PERRYSBURG OH 43551 GENERAL CONTRACTOR SERVICES 7762470 HEALTHPRO HERITAGE LLC 1 MARCUS DRIVE GREENVILLE SC 29615 HEALTHCARE STAFFING SERVICES 207161 SCHARDEIN MECHANICAL PO BOX 19587 LOUISVILLE KY 402590587 MAINTENANCE SERVICES 106892 3 8276 8276 RESIDENT SERVICES 623000 5123158 5123158 ENTRANCE FEES 623000 397002 397002 BEAUTY SHOP 623000 18318 18318 5538478 40929 40929 71405 -71405 -71405 -71405 COMMISSION FEES 623000 92000 92000 RESIDENTS' GUESTS MEAL 623000 6519 6519 7889 7889 106408 5622686 5620049 0 -5639 5622 5622 3499111 2973462 480565 45084 44159 44159 396151 376735 19416 286322 237752 44093 4477 487512 487512 10084 10084 111 111 21085 21085 676688 429001 247687 96296 96296 80068 80068 512537 512537 3186 713 2473 3093 758 2335 153480 153480 1284993 1112056 172937 304194 304194 MAINTENANCE & REPAIRS 264085 264085 FOOD 236983 236983 SUPPLIES 187475 183349 4076 50 BAD DEBT EXPENSE 36118 36118 467424 358919 105241 3264 9056777 6691972 2292514 72291 2845150 1611642 7203 7203 15000 0 515648 273606 52058 33922 47540522 15776999 24309711 31763523 2317814 1927095 9815755 7813156 39878339 43430147 14820971 19269846 1918643 2161974 13217799 16274751 29957413 37706571 X -612464 -2609547 10533390 8333123 9920926 5723576 39878339 43430147 X -3434091 -311659 -451600 X 0 1 X 1 0 X 1010368 605188 1011830 392294 8276 3027956 17326636 17443820 12900192 6069861 5538478 59278987 18337004 18049008 13912022 6462155 5546754 62306943 0 0 0 62306943 16639 19935 3479 36007 40929 116989 16639 19935 3479 36007 40929 116989 228294 469109 78838 33435 106408 916084 18581937 18538052 13994339 6531597 5694091 63340016 0.98370 0.97880 0.00180 0.00100 X 0 0 0 0 0 1 111 0 0 0 111 0 PART II-B, LINE 1: DUES TO LEADINGAGE OF $111 RELATING TO LOBBYING ACTIVITIES. 47453 47453 47453 47453 47453 47453 47453 47453 47453 47453 0 0 804971 804971 39199451 13633399 25566052 2670135 2033008 637127 4865965 110592 4755373 31763523 INTEREST IN NET ASSETS OF FINANCIALLY INTERRELATED FOUNDATION 7813156 7813156 REFUNDABLE ENTRANCE FEES 14960751 DEPOSITS PAYABLE 1314000 16274751 X 4838342 -311659 -451600 -763259 5601601 21085 21085 5622686 9035692 0 9035692 21085 21085 9056777 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUND INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. DONOR-RESTRICTED FUNDS ARE PRESENTED AS PERMANENT AND TEMPORARILY RESTRICTED NET ASSETS AND CONSIST OF AMOUNTS RESTRICTED FOR THE PURPOSE OF CHARITY CARE, SPECIFIED CAPITAL EXPENDITURES AND OTHER MISCELLANEOUS OPERATIONAL PURPOSES. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE IS NOT SUBJECT TO INCOME TAXES. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES; HOWEVER, NO EXAMINATIONS ARE IN PROGRESS. MANAGEMENT BELIEVES THE ORGANIZATION IS NOT SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN NET ASSETS OF INTERRELATED ORGANIZATIONS -2,002,599. TRANSFERS FROM ECH FOUNDATION 950,999. TRANSFERS FROM AFFILIATES 600,000. 0 0 0 0 0 0 0 0 0 LAURA LAMB CEO 0 392275 0 93063 0 9696 0 25000 0 36284 0 556318 0 0 DANIEL STEWARD CFO 0 186810 0 26987 0 35346 0 0 0 27051 0 276194 0 0 BEVERLY EDWARDS VP, RESIDENT HEALTHCARE 0 173235 0 28762 0 0 0 0 0 3108 0 205105 0 0 JAMES WILSON VP, AFFORDABLE LIVING 0 157838 0 30856 0 0 0 0 0 11047 0 199741 0 0 JOAN WETZEL VP, HR & ORG. DEV. 0 144649 0 25146 0 0 0 0 0 26816 0 196611 0 0 BRYAN REYNOLDS VP, MARKETING 0 125269 0 21469 0 0 0 0 0 24130 0 170868 0 0 MEGAN BRADFORD VP, MIDDLE MARKET & MINISTRY 0 110042 0 23831 0 14476 0 0 0 4360 0 152709 0 0 PART I, LINE 3 EPISCOPAL RETIREMENT HOMES INC, A RELATED PARTY, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: -COMPENSATION SURVEY OR STUDY -COMPENSATION COMMITTEE -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 3 EPISCOPAL RETIREMENT SERVICES PROVIDES THE ORGANIZATION WITH MANAGEMENT SERVICES UNDER THE TERMS OF THE AFFILIATION. FORM 990, PART VI, SECTION A, LINE 6 THE EPISCOPAL CHURCH HOME, INC. HAS TWO MEMBERS, EPISCOPAL RETIREMENT SERVICES AND THE EPISCOPAL CHURCH HOME FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A EPISCOPAL RETIREMENT SERVICES, THE EPISCOPAL CHURCH HOME FOUNDATION, INC., AND THE BISHOP OF THE EPISCOPAL DIOCESE OF KENTUCKY ALL HAVE THE POWER TO APPOINT BOARD MEMBERS. THE NUMBER OF DIRECTORS SHALL BE 9 VOTING AND 1 NON-VOTING DIRECTORS. THE BISHOP MAY APPOINT ONE DIRECTOR, EPISCOPAL RETIREMENT HOMES, INC MAY APPOINT 5 DIRECTORS AND THE EPISCOPAL CHURCH HOME FOUNDATION SHALL APPOINT 3 DIRECTORS. THESE INDIVIDUALS HAVE ALL THE SAME VOTING RIGHTS AS ANY OTHER MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B EPISCOPAL RETIREMENT SERVICES AND THE EPISCOPAL CHURCH HOME FOUNDATION, INC. HAVE RESERVED RIGHTS ON CERTAIN DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED AND APPROVED BY THE EPISCOPAL RETIREMENT SERVICES (ERS) CFO. THE 990 IS THEN SHARED WITH THE ERS FINANCE COMMITTEE AND THE EPISCOPAL CHURCH HOME, INC. BOARD PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AT THE BEGINNING OF THE FISCAL YEAR OR IN CONNECTION WITH THE ANNUAL AUDIT AND MORE FREQUENTLY WHEN ASKED TO DO SO. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE EPISCOPAL CHURCH HOME, INC. ARE MADE AVAILABLE TO THE PUBLIC ONLY UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN THE INTERNAL REVENUE CODE SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INVESTMENTS HELD AT FINANCIALLY INTERRELATED FOUNDATION -2,002,599. TRANSFER FROM EPISCOPAL CHURCH HOME FOUNDATION 950,999. TRANSFERS FROM AFFILIATES 600,000. THE EPISCOPAL CHURCH HOME FOUNDATION INC 7504 WESTPORT ROAD LOUISVILLE KY 40222 813985477 INVESTMENT KY 501(C)(3) LINE 12B, II N/A 0 EPISCOPAL RETIREMENT SERVICES 3870 VIRGINIA AVENUE CINCINNATI OH 45227 475651061 SUPPORTING ORGANIZATION OH 501(C)(3) LINE 12D, III-O N/A 0 EPISCOPAL RETIREMENT HOMES INC 3870 VIRGINIA AVENUE CINCINNATI OH 45227 310554071 LOW INCOME HOUSING OH 501(C)(3) LINE 11 EPISCOPAL RETIREMENT SERVICES 1 EPISCOPAL RETIREMENT SERVICES FOUNDATION 3870 VIRGINIA AVENUE CINCINNATI OH 45227 311570272 INVESTMENT OH 501(C)(3) LINE 12B, II EPISCOPAL RETIREMENT HOMES INC 1 EPISCOPAL CHURCH HOME SHORT FUND PO BOX 34290 LOUISVILLE KY 40232 616019927 TRUST KY N/A T 123461 1.00000 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 1 1 EPISCOPAL RETIREMENT HOMES INC O 2405740 FMV THE EPISCOPAL CHURCH HOME FOUNDATION INC S 950599 FMV EPISCOPAL RETIREMENT HOMES INC M 900000 FMV EPISCOPAL RETIREMENT HOMES INC S 600000 FMV