2024-11-05T08:37:31-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 566064186 THE PRESBYTERIAN HOME AT CHARLOTTE INC PRES 7045531670 5100 SHARON RD CHARLOTTE NC 28210 ANGELA RIGSBEE PRESIDENT AND CEO 7045531670 2024-11-01 1 0 KATHERINE A WARLICK P02065266 7049985200 2024-11-01 2023 2024-10-15 13:58:12Z THE SHARON AT SOUTHPARK ANGELA RIGSBEE 5100 SHARON RD CHARLOTTE NC 28210 36897811 0 X HTTPS://THESHARON.ORG/ X 1969 NC WE ENRICH RESIDENTS' LIVES BY PROVIDING A NURTURING ENVIRONMENT WITH JOY, PURPOSE, AND WELL-BEING 19 19 416 107 0 0 1432369 2067019 27236684 33720267 -79915 1038682 0 35884 28589138 36861852 1517119 1748116 0 0 12285186 15344248 0 0 98534 14278002 18681886 28080307 35774250 508831 1087602 213210140 223264585 149137039 151926943 64073101 71337642 WE ENRICH THE LIVES OF THOSE WE SERVE BY PROVIDING A NURTURING ENVIRONMENT THAT FOSTERS JOY, PURPOSE, AND WELL-BEING. 0 0 34171591 1748116 33720267 THE PRESBYTERIAN HOME AT CHARLOTTE, INC. PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT FACILITY WHICH AT DECEMBER 31, 2023, CONTAINED 252 INDEPENDENT LIVING UNITS, 40 ASSISTED LIVING UNITS, AND A 96 BED HEALTH CARE CENTER. 34171591 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 66 0 416 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X CHARLES R GASKINS CFO 7045533802 5100 SHARON ROAD CHARLOTTE NC 28277 JOHN E BURTON JR SECRETARY 1.00 X X 0 0 0 JOHN J CARPENTER DIRECTOR 1.00 X 0 0 0 EDITH M HALL DIRECTOR 1.00 X 0 0 0 MARGARET A MARTIN DIRECTOR 1.00 X 0 0 0 TIMOTHY J IGNASHER TREASURER 1.00 X X 0 0 0 ADELAIDE A DAVIS DIRECTOR 1.00 X 0 0 0 E JUDSON MCADAMS DIRECTOR 1.00 X 0 0 0 RICHARD D WILLIAMS DIRECTOR 1.00 X 0 0 0 RICHARD L NICHOLS CHAIR 1.00 X X 0 0 0 CURTIS L TRENKELBACH DIRECTOR 1.00 X 0 0 0 THECKLA D STERRETT DIRECTOR 1.00 X 0 0 0 VELVA W WOOLLEN DIRECTOR 1.00 X 0 0 0 MARTHA K CADDELL DIRECTOR 1.00 X 0 0 0 WILLIAM A NICHOLS DIRECTOR 1.00 X 0 0 0 B PARTHENIA RICH DIRECTOR 1.00 X 0 0 0 ROBERT T DOOLEY DIRECTOR - CHAIR ELECT 1.00 X X 0 0 0 RONALD R KIMBLE DIRECTOR 1.00 X 0 0 0 CLEVE W HOWARD DIRECTOR 1.00 X 0 0 0 CHARLES R GASKINS CFO 40.00 1.00 X 228727 0 32901 ANGELA RIGSBEE PRESIDENT AND CEO 40.00 1.00 X 260954 0 28155 MILTON MCGOWIAN VP RESIDENT SERVICES 40.00 X 158449 0 24709 CORY STEPANSKI DIRECTOR OF FACILITY SERVICES 40.00 X 120869 0 29022 ANN MARIE LADIS DIRECTOR OF MARKETING 32.00 X 119671 0 14901 ELIZABETH BYRD VP NURSING SERVICES 40.00 X 144451 0 16334 OTIS AMERSON PROJECT MANAGER 40.00 X 126917 0 15152 MARIE KOTAY CNA 70.00 X 108253 0 21057 1268291 0 182231 19 0 1 0 MESSER CONSTRUCTION CO 2400 EXECUTIVE ST CHARLOTTE NC 28208 BUILDING CONSTRUCTION CONTRACTOR 10314159 ROSS ALLEN CUSTOM BUILDERS INC 9313 MOONROE ROAD CHARLOTTE NC 28270 BUILDING RENOVATION CONTRACTOR 3727608 US FOODS 7801 STATESVILLE ROAD CHARLOTTE NC 28269 FOODSERVICE 1300519 THE METROLINA LANDSCAPE COMPANY 6100 BROOKSHIRE BLVD CHARLOTTE NC 28216 LANSCAPING COMPANY 1032899 HEALTHPRO HERITAGE 1 MARCUS DRIVE SUITE 102 GREENVILLE SC 29615 THERAPY CONTRACT SERVICES 908088 28 2067019 2067019 INDEPENDENT LIVING 623990 14046677 14046677 HEALTH CARE 623990 7953914 7953914 ENTRANCE FEES 623990 7123115 7123115 ASSISTED LIVING 623990 2534222 2534222 OTHER RESIDENT SERVICE 623990 2062339 2062339 33720267 1074641 1074641 35884 0 35884 35884 35884 27363 8596 -27363 -8596 -35959 -35959 36861852 33720267 0 1074566 823393 823393 924723 924723 12581505 11280648 1264010 36847 183782 169024 13689 1069 1740631 1600851 129653 10127 838330 738628 96773 2929 177110 177110 93803 93803 145905 145905 428088 411836 16252 138964 138964 314172 314172 2085404 2084231 1173 2571263 2571263 1000000 1000000 5733065 5733065 447497 447497 HOUSEKEEPING & MAINTENA 1678087 1676790 1297 FOOD & DIETARY 1630712 1630712 HEALTH CARE SUPPLIES 1500131 1500131 COVID SUPPLIES 737685 708845 28840 35774250 34171591 1504125 98534 0 1650 19670896 11881704 147474 101263 1149143 1511717 333176 409189 188165048 42870472 78011107 145294576 27452237 28586684 86446107 35477802 213210140 223264585 7886085 5326021 53202364 81687702 81475183 0 5000000 59563252 6923375 149137039 151926943 X 58115947 67684616 5957154 3653026 64073101 71337642 213210140 223264585 X 1087602 3234224 2942715 X 0 1 X 1 0 X 3929199 2186836 3060084 1432369 2067019 12675507 26840235 26500784 26753588 27236684 33720267 141051558 30769434 28687620 29813672 28669053 35787286 153727065 336833 73855 19605 430293 0 336833 73855 19605 430293 153296772 882152 787942 819642 663579 1110525 4263840 882152 787942 819642 663579 1110525 4263840 31651586 29475562 30633314 29332632 36897811 157990905 0.97030 0.97130 0.02700 0.02600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79083 12 2696784 242765 208050 2731499 3032006 -335222 2696784 3032006 387526 387526 3032006 3032006 158873 158873 3032006 3032006 65368 65368 3032006 1.00000 0 0 464186 464186 180643750 36521460 144122290 7057112 6349012 708100 145294576 CIP 18387997 OTHER ASSETS 4000 NONCURRENT CONTRIBUTIONS RECEIVABLE 314532 CAPITAL CAMPAIGN FUND 478368 HELD UNDER BOND AGREEMENTS 7118190 BENEFICIAL INTEREST IN FOU`NDATION 2942715 STATUTORY OPERATING RESERVE 6232000 35477802 ENTRANCE FEE DEPOSITS 877435 REFUNDABLE ENTRANCE FEES 6045940 6923375 X PART X, LINE 2: THE SHARON AND THE FOUNDATION HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE SHARON AND THE FOUNDATION FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECTED TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE SHARON AND THE FOUNDATION FOLLOW GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THE STANDARD HAS HAD NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. 1 ALZHEIMER'S ASSOCIATION 4600 PARK ROAD SUITE 250 CHARLOTTE NC 28209 561440727 501(C)(3) 200780 3245 COST OF SUPPLIES PARTICIPATION OF EMPLOYEES IN ANNUAL WALK AND SUPPLIES FOR EVENT WALK TO END ALZHEIMER'S AND DEMENTIA EDUCATION UNC CHARLOTTE 9201 UNIVERSITY CITY BLVD CHARLOTTE NC 28223 560791228 115 238334 0 SUPPORT UNCC PROGRAM TO PROVIDE UNDERSERVED SENIORS WITH PERSONALIZED HEALTH ASSESSMENTS INREACH 4530 PARK ROAD SUITE 300 CHARLOTTE NC 28209 521084075 501(C)(3) 125000 0 SUPPORT FOR A WIDE VARIETY OF SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND MENTAL DEFICITS CRISIS ASSISTANCE 500-A SPRATT STREET CHARLOTTE NC 28206 541416719 501(C)(3) 25000 6104 COST OF SUPPLIES PROVIDE FOOD AND WATER EVERY OTHER WEEK TO PROVIDE ASSISTANCE AND ADVOCACY FOR PEOPLE IN FINANCIAL CRISIS, HELPING THEM MOVE TOWARD SELF-SUFFICIENCY SHARON PRESBYTERIAN CHURCH 5201 SHARON ROAD CHARLOTTE NC 28210 999999999 501(C)(3) 35000 0 SERVE HUMAN NEED MEMORY AND MOVEMENT 300 BILLINGSLEY ROAD SUITE 108 CHARLOTTE NC 28211 464329944 501(C)(3) 25000 0 COMPREHENSIVE CARE FOR MEMORY AND MOVEMENT DISORDERS REGARDLESS OF FINANCIAL SITUATION NOURISH UP 648 GRIFFITH ROAD SUITE B CHARLOTTE NC 28217 561398498 501(C)(3) 25000 0 HOME DELIVERED MEALS TO THOSE IN NEED SOUTHPARK COMMUNITY PARTNERS 4250 CONGRESS STREET SUITE 110 CHARLOTTE NC 28209 883306150 501(C)(3) 10000 0 SOUTHPARK AFTER FIVE 8 WAIVED ENTRANCE FEE AND SUBSIDIZED SERVICE FEES FOR RESIDENTS 23 924723 PART I, LINE 2: PRESBYTERIAN HOME AT CHARLOTTE, INC PROVIDES FINANCIAL ASSISTANCE TO ITS RESIDENTS WHO CANNOT AFFORD THE FULL COST OF THEIR CARE. THIS ASSISTANCE WAS GIVEN VIA WAIVED ENTRY FEES AND SUBSIDIZATION OF MONTHLY SERVICE FEES. NINETEEN RESIDENTS RECEIVED FINANCIAL ASSISTANCE IN EXCESS OF $5000 FOR 2023. THEIR ASSISTANCE TOTALED $924,723. RECIPIENTS ARE REQUALIFIED ANNUALLY AFTER A REVIEW OF THEIR INCOME AND EXPENSES. FINANCIAL RECORDS ARE KEPT ON ALL ASSISTANCE. X X X X 0 0 0 1 0 1 0 1 0 ANGELA RIGSBEE PRESIDENT AND CEO 238942 0 20000 0 2012 0 9220 0 18935 0 289109 0 0 0 CHARLES R GASKINS CFO 200637 0 17423 0 10667 0 8022 0 24879 0 261628 0 0 0 MILTON MCGOWIAN VP RESIDENT SERVICES 146835 0 11614 0 0 0 5685 0 19024 0 183158 0 0 0 ELIZABETH BYRD VP NURSING SERVICES 144451 0 0 0 0 0 4474 0 11860 0 160785 0 0 0 PART I, LINE 3 THE COMPANY DOES NOT HAVE AN EXTERNAL REVIEW, HOWEVER, THE EXECUTIVE COMMITTEE OF THE SHARON'S BOARD SERVES AS THE COMPENSATION COMMITTEE. THE COMMITTEE IS GIVEN A WAGE AND SALARY SURVEY CONDUCTED ANNUALLY BY THE LEADINGAGE NATIONAL AND THE HOSPITAL AND HEALTH CARE COMPENSATION SERVICE. THE SURVEY CONSISTS OF DATA FROM OTHER CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) FOR THE ENTIRE COUNTRY. THE DELIBERATION AND DECISION IS THEN DOCUMENTED AND PLACED IN THE CEO'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE SHARON'S HUMAN RESOURCES RECORDS. PART I, LINE 5 CEO, CFO, & VP'S HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS. PART I, LINE 6 CEO, CFO, & VP'S HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS PART I, LINE 7 CEO, CFO, AND VP'S HAD CERTAIN NON-FINANCIAL GOALS TO MEET IN ORDER TO RECEIVE A PORTION OF THEIR BONUS A NC MEDICAL CARE COMMISSION A BONDS 521309402 65820YQK5 2019-12-05 83995931 SEE PART VI 0 0 0 A 83995931 5269750 7977517 1616080 64242584 4890000 2023 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 PART I, ISSUE A THE PURPOSE OF THIS BOND ISSUE WAS TO FINANCE THE COSTS OF CONSTRUCTING AND EQUIPPING A NEW INDEPENDENT LIVING APARTMENT BUILDING, TO FUND CAPITAL IMPROVEMENTS TO BUILDINGS THROUGHOUT THE ORGANIZATION'S CAMPUS, TO REFUND THE OUTSTANDING 2001 VARIABLE RATE DEMAND HEALTH CARE FACILITIES REVENUE BONDS, TO TERMINATE ITS INTEREST RATE SWAP AGREEMENT, TO FUND A DEBT SERVICE RESERVE FUND, TO PAY A PORTION OF THE INTEREST ACCRUED ON THE SERIES 2019A BONDS, AND TO PAY CERTAIN EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2019A BONDS. X 3399 446175 STOCK EXCHANGE-BROKER 0 1 1 PART I, LINE 32B: FOR CONTRIBUTIONS OF STOCK, THE ORGANIZATION USES A THIRD PARTY BROKER TO SELL THE STOCK DONATED AND CONVERT IT TO CASH. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE VOTES ON ISSUES THAT COME UP IN BETWEEN BOARD MEETINGS. THEIR DECISIONS ARE RATIFIED AT THE NEXT FULL BOARD MEETING. THE EXECUTIVE COMMITTEE IS MADE UP OF THE IMMEDIATE PAST BOARD CHAIR, THE CURRENT BOARD CHAIR, THE SECRETARY, THE TREASURER, AND COMMITTEE CHAIRS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD PRESENTS A NEW CLASS OF BOARD MEMBERS ANNUALLY TO THE PRESBYTERY OF CHARLOTTE. THE PRESBYTERY APPROVES THE NEW MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B AFTER RECEIVING THE FORM 990 FROM OUR AUDITOR, IT IS REVIEWED BY OUR CHIEF FINANCIAL OFFICER AND CEO. THE REDACTED VERSION, WITHOUT DONOR NAMES IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST; BOARD MEMBERS ABSTAIN FROM ANY DECISION/VOTE THAT MAY BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COMPANY DOES NOT HAVE AN EXTERNAL REVIEW, HOWEVER, THE EXECUTIVE COMMITTEE OF THE SHARON'S BOARD SERVES AS THE COMPENSATION COMMITTEE. THE COMMITTEE IS GIVEN A WAGE AND SALARY SURVEY CONDUCTED ANNUALLY BY THE LEADINGAGE NATIONAL AND THE HOSPITAL AND HEALTH CARE COMPENSATION SERVICE. THE SURVEY CONSISTS OF DATA FROM OTHER CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) FOR THE ENTIRE COUNTRY. THE DELIBERATION AND DECISION IS THEN DOCUMENTED AND PLACED IN THE CEO'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE SHARON'S HUMAN RESOURCES RECORDS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST; FINANCIALS ARE ALSO AVAILABLE ON MSRB/EMMA REPORTING WEBSITE FOR BONDS FORM 990, PART XI, LINE 9: BENEFICIAL INTEREST IN NET ASSETS OF THE FOUNDATION 2,942,715. THE SHARON FOUNDATION 5100 SHARON ROAD CHARLOTTE NC 28210 863815687 SUPPORT OF SHARON TOWERS NC 501(C)(3) LINE 12A, I THE PRESBYTERIAN HOME AT CHARLOTTE 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 SHARON TOWERS FOUNDATION B 1000000 CASH