2024-11-13T16:09:02+00:00 2023-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-01-01 570373677 Presbyterian Communities of South Carolina PRES 8037725885 2817 Ashland Road Columbia SC 29210 L Franklin Fant CEO 8037725885 2024-11-13 false true Amy Bibby P00445891 2024-11-13 2023 2024-10-15 13:58:12Z L Franklin Fant 2817 Ashland Road Columbia SC 29210 76957535 false X https://www.prescommunities.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 1717 35 0 0 225986 1112228 62902649 74910694 189342 762482 964105 144585 64282082 76929989 1037891 1272026 0 0 31799627 39946556 0 520877 35830029 38256421 68667547 79475003 -4385465 -2545014 169328957 169267528 141669742 142142627 27659215 27124901 PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA OPERATES SIX NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITIES AND IS 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. false false 56891239 1272026 74910694 The Organization currently operates six retirement communities in various locations across South Carolina providing independent living accommodations, assisted living and skilled nursing. In 2023, 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 $1,272,026 and $1,037,891 during 2023 and 2022, respectively. There were 19 residents assisted in 2023 and 22 residents served in 2022. 56891239 true true false false false false false false false true false false true true true false true false false false false false false false false false false true true true false false false false false false false false false false false false false false true true true true false false true 157 0 true 1717 true false false false false false false false false false false false false X 14 14 false false false false false true false true true false false true true true true false false true true false SC X X Kevin M Johnson 8033650855 2817 ASHLAND ROAD Columbia SC 29210 Dr Priscilla W Holtzclaw Board Member 1.0 X 0 0 0 Dr Richard S McCain Board Member 1.0 X 0 0 0 Dr Stacy Van Pelt Brennan Board Member 1.0 X 0 0 0 Joel D Ledbetter Board Member 1.0 X 0 0 0 John S Long Board Member 1.0 X 0 0 0 Mark Clary Board Member 1.0 X 0 0 0 Martha Casto Secretary 1.0 X 0 0 0 Mrs Clarissa W Whaley Board Mamber 1.0 X 0 0 0 Mrs Susan Green-Grove Board Member 1.0 X 0 0 0 Paige Parsons-Lewis Board Member 1.0 X 0 0 0 Reverend Dr Deborah Foster Board Member 1.0 X 0 0 0 Reverend Dr Eric Skidmore Board Member 1.0 X 0 0 0 William F Halligan Chair 1.0 X 0 0 0 William H Hancock CPA Board Member 1.0 X 0 0 0 Amanda Stamper COO 40.0 X 220435 0 12592 Kevin M Johnson CFO 39.0 1.0 X 90233 0 4086 Luther F Fant CEO 39.0 1.0 X 349433 0 14619 Cindy Robbins Executive Director 40.0 X 157163 0 2926 James Deel Executive Director 40.0 X 147139 0 10631 Leslie Anzalone Executive Director 40.0 X 149528 0 10328 Matthew Schorner Director Therapy Services 40.0 X 157191 0 4537 Tracey Catanzaro Director - IT 40.0 X 144163 0 10088 1415285 0 69807 32 false true false All Quality Construction Co LLC 1123 Jordan Road Lake City SC 29560 Construction 826452 ShiftKey LLC PO Box 735913 Dallas TX 75373 Employment Agency 754671 Sharon McManus 110 La Vista Drive Easley SC 29742 Construction 333543 On-Site Builders of Joanna LLC 100 Mississippi Drive Clinton SC 29325 Construction 319846 Palmetto Home Works LLC 120 Karr Court Lexington SC 29072 Construction 211381 13 812598 299630 1112228 RESIDENT SERVICE REVENUE 623000 69746508 69746508 AMORTIZATION OF FEES 623000 4639559 4639559 LAB REVENUE 623000 83920 83920 BEAUTY SHOP 623000 263237 263237 MEALS AND CATERING REVENUE 623000 177470 177470 0 0 0 0 74910694 762482 762482 29259 27546 0 1713 1713 1713 0 0 MISCELLANEOUS 900099 142872 142872 0 0 0 0 142872 76929989 74910694 0 907067 X 1272026 1272026 660101 660101 32329089 27266289 4855134 207666 755704 539402 210900 5402 3410501 2465283 920960 24258 2791161 2021079 751120 18962 8991 8991 8325553 7644417 681136 0 424510 419660 4850 3071303 2636874 247460 186969 1161187 9196 1084830 67161 4166644 4143050 23594 286995 151782 128022 7191 113437 57538 52631 3268 5050001 5050001 7342977 7342977 1765600 1732242 33358 Medical Supplies 1985926 1979104 6822 Bad Debt 163289 163289 Food and Supplements 4390008 4390008 0 0 0 0 79475003 56891239 22062887 520877 6923503 11098889 8076820 6300816 2574263 2426264 0 0 0 462742 351343 180112 200996 239789466 102524394 128494369 137265072 516839 516839 0 0 923075 807690 21177234 10299619 169328957 169267528 6721804 4850813 32759070 33985520 87273985 98975155 0 11250000 3664883 4331139 141669742 142142627 X 27659203 27124889 12 12 27659215 27124901 169328957 169267528 X -2545014 19286 1991414 X X false true X true false X 2023344 2674788 514530 225986 299630 5738278 56968868 55635436 58866908 62902649 74910964 309284825 0 0 0 58992212 58310224 59381438 63128635 75210594 315023103 22349 0 0 0 0 22349 0 0 0 0 0 0 22349 0 0 0 0 22349 315000754 194448 88007 39082 241998 762482 1326017 0 194448 88007 39082 241998 762482 1326017 0 187740 270353 1497547 937329 955470 3848439 59374400 58668584 60918067 64307962 76928546 320197559 0.9838 0.9869 0 0.0026 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - 187740.0, COLUMN B - 270353.0, COLUMN C - 1497547.0, COLUMN D - 937329.0, COLUMN E - 955470.0, COLUMN F - 3848439.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4404888 4404888 197578693 90510322 107068371 26226011 11231157 14994854 11579874 782915 10796959 137265072 OTHER RECEIVABLES 81705 Assets Limited as to Use 6698173 Due From Related Organization 3415472 Operating lease right-of-use assets 104269 10299619 ASSET RETIREMENT OBLIGATION 162968 Advance ENTRANCE FEES FOR PROSPECTIVE RESIDENTS 409789 DUE TO RELATED ORGANIZATION 1760118 Operating lease liabilities 105868 Accrued Interest 1659921 Resident Deposits and Refunds 232475 4331139 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Presbyterian Communities of South Carolina, and PCSC 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 member 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, 2023. true Resident Assistance 19 1272026 0 FMV THE ASSISTANCE IS AWARDED AS THE REDUCTION OF RESIDENT FEES. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE RESIDENTS' FINANCIAL NEED IS DISCUSSED WITH MANAGEMENT AND ASSISTANCE TOWARDS RESIDENT FEES IS DETERMINED ON A CASE-BY-CASE BASIS. X true true X false false false false false false false false false Luther F Fant CEO 315433 0 0 0 34000 0 8805 0 5814 0 364052 0 0 0 Amanda Stamper COO 220435 0 0 0 0 0 6475 0 6117 0 233027 0 0 0 James Deel Executive Director 147139 0 0 0 0 0 4514 0 6117 0 157770 0 0 0 Matthew Schorner Director Therapy Services 157191 0 0 0 0 0 4537 0 0 0 161728 0 0 0 Leslie Anzalone Executive Director 149528 0 0 0 0 0 4514 0 5814 0 159856 0 0 0 Tracey Catanzaro Director - IT 144163 0 0 0 0 0 4274 0 5814 0 154251 0 0 0 Cindy Robbins Executive Director 157163 0 0 0 0 0 2926 0 0 0 160089 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use 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 false false false B South Carolina Jobs-Economic Development Authority 570960018 2020-10-29 28400000 Economic Development Revenue Bonds (Pres. Comm. of South Carolina), Series 2020A, B, and C. false false false C South Carolina Jobs-Economic Development Authority 570960018 837031XB4 2017-12-28 8870000 Refund and capital project - SERIES 2017A, B, AND C false false false A 1995000 64141520 862540 36135000 27730000 2018 true false false true B 28679259 1130875 563138 26705987 false false false false C 615000 8936983 671783 411263 157516 6392775 1803038 369046 true false false true A false false false false 0.0 false false true B false false false false 0.0 false false true C false false false false 0.0 false false true A false false false false false false false false false B false false false false false false false false true C false true false false true false false false false A false B true C false Form 990, Part VI, Line 1a Delegate broad authority to a committee 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, Line 7a Members or stockholders electing members of governing body 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, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY MANAGEMENT PRIOR TO SUBMISSION TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official 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, Line 18 How forms are made available to the public 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, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Line 11g Other Fees Staffing Fees - Total Expense: 1356725, Program Service Expense: 1338435, Management and General Expenses: 18290, Fundraising Expenses: ; Contract Services - Total Expense: 5981276, Program Service Expense: 5941458, Management and General Expenses: 39818, Fundraising Expenses: ; Professional Fees - Total Expense: 987552, Program Service Expense: 364524, Management and General Expenses: 623028, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Net assets released from restrictions - 1991414; Form 990, Part XII, Line 2c Change of oversight process or selection process THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PRESBYTERIAN PROPERTIES LLC 2817 ASHLAND ROAD COLUMBIA SC 29210 PROPERTY MANAGEMENT SC 29259 1783713 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) Type I PRESBYTERIAN HOME OF SOUTH CAROLINA true false false true false false false false false false false false false false false true false false true false PCSC FOUNDATION C 1683149 fmv