2024-08-15T11:35:19-05:00 2023-09-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-10-01 300113709 PPRC SENIOR LIVING II INC PPRC 3368884560 1701 WESTCHESTER DRIVE SUITE 400 HIGH POINT NC 27262 KIM S HOPPE CEO/PRESIDENT 3368884560 2024-08-15 1 0 JOHN M ROBINSON P01281319 3362944494 2024-08-15 2022 2024-08-08 14:25:15Z KIM S HOPPE 1701 WESTCHESTER DRIVE SUITE 400 HIGH POINT NC 27262 1196763 0 X WWW.PROVIDENCEPLACENC.COM X 2000 NC TO PASSIONATELY SERVE THE HOUSING AND CARE NEEDS OF SENIOR ADULTS WITH INNOVATIVE PROGRAMS AND SERVICES DELIVERED AT AN EXCEPTIONAL VALUE WHILE ENCOURAGING PERSONAL AND SPIRITUAL GROWTH AND DEVELOPMENT. 3 3 0 0 0 0 0 0 1124309 1159359 -1937 0 34397 37404 1156769 1196763 0 0 0 0 290792 335342 0 0 0 1052329 1082278 1343121 1417620 -186352 -220857 4382193 4140062 4361305 4340031 20888 -199969 TO PASSIONATELY SERVE THE HOUSING AND CARE NEEDS OF SENIOR ADULTS WITH INNOVATIVE PROGRAMS AND SERVICES DELIVERED AT AN EXCEPTIONAL VALUE WHILE ENCOURAGING PERSONAL AND SPIRITUAL GROWTH AND DEVELOPMENT. 0 0 971764 1196763 PROVIDING HOUSING AND SENIOR SERVICES THROUGH INNOVATIVE MODELS AND STATE OF THE ART CARE SYSTEMS THAT MAXIMIZE FUNCTIONAL ABILITIES AND SPIRITUAL DEVELOPMENT OF THE RESIDENTS AND PROGRAM PARTICIPANTS. THE PRIMARY SERVICE PROVIDED IS INDEPENDENT SENIOR LIVING. 971764 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X KIM S HOPPE 3368884560 1701 WESTCHESTER DRIVE SUITE 400 HIGH POINT NC 27262 ED WINSLOW SECRETARY 3.14 X X 0 0 0 CRAIG DUNN DIRECTOR 3.14 X 0 0 0 THOMAS NEILL DIRECTOR 3.14 X 0 0 0 C NORWOOD DAVIS DIRECTOR 3.14 X 0 0 0 REGINA M SHARROW DIRECTOR 3.14 X 0 0 0 BARRY YATES CFO 5.00 20.00 X 0 351031 44954 TERRY MILLER PRESIDENT/CEO 3.00 13.00 X 0 312351 1418 PENNY CATES BOARD CHAIR 3.14 X 0 0 0 0 663382 46372 0 0 1 0 0 RENTAL REVENUE 623000 1159359 1159359 1159359 MISCELLANEOUS 623000 37404 37404 37404 1196763 1196763 0 0 77486 77486 220728 220728 17563 17563 19565 19565 59822 59822 1192 1192 14000 14000 35944 1379 34565 3418 3418 24490 24490 134781 134781 309186 309186 272382 272382 38040 38040 REPAIRS AND MAINTENANCE 164086 164086 ANCILLARY EXPENSES 16741 16741 TELEPHONE 7261 7261 OTHER ADMIN EXPENSES 935 935 1417620 971764 445856 0 111422 98795 1444 12533 11499 13245 6206284 2190795 4148509 4015489 64104 0 45215 0 4382193 4140062 41595 77586 0 325 4312915 4249133 6795 12987 4361305 4340031 X 20888 -199969 20888 -199969 4382193 4140062 -220857 0 X 0 1 X 1 0 X 976294 1017181 1090509 1158706 1196763 5439453 976294 1017181 1090509 1158706 1196763 5439453 0 0 0 5439453 976294 1017181 1090509 1158706 1196763 5439453 1.00000 1.00000 0.00000 X 400000 400000 5574767 2033715 3541052 183717 157080 26637 47800 47800 4015489 INTERCOMPANY PAYABLE 8987 SECURITY DEPOSITS 4000 12987 X 1196763 0 1196763 0 1196763 1417620 0 1417620 0 1417620 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023 AND 2022. 0 0 0 0 0 0 0 0 0 BARRY YATES CFO 0 351031 0 0 0 0 0 0 0 44954 0 395985 0 0 TERRY MILLER PRESIDENT/CEO 0 312351 0 0 0 0 0 0 0 1418 0 313769 0 0 FORM 990, PART VI, SECTION A, LINE 3 CERTAIN MANAGEMENT DUTIES WERE DELEGATED TO A RELATED 501(C)(3) ORGANIZATION: WESLEYAN ARMS, INC. (56-1012908). FORM 990, PART VI, SECTION B, LINE 11B PPRC SENIOR LIVING II, INC. DOES NOT PROVIDE ITS FORM 990 TO THE BOARD FOR REVIEW PRIOR TO FILING FORM 990. THE FINANCIAL STATEMENTS ARE REVIEWED ON A MONTHLY BASIS BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE ASKED TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST AND IN THE EVENT OF A CONFLICT OF INTEREST THAT MEMBER IS ASKED TO ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND CERTAIN TOP EMPLOYEES IS DETERMINED BY AN INDEPENDENT BOARD OF DIRECTORS. THE DIRECTORS ARE ALL LOCAL BUSINESS EXECUTIVES AND PROFESSIONALS. THE REVIEW AND ANALYSIS IS CONDUCTED IN A CLOSED SESSION WHERE THE INDIVIDUAL WHO IS THE SUBJECT OF THE REVIEW IS EXCLUDED FROM THE DISCUSSIONS SO AS TO ENCOURAGE FRANK AND FORTHRIGHT DEBATE. DURING THE DISCUSSIONS, COMPARABILITY DATA IS OFTEN IDENTIFIED. FOR EXAMPLE, ONE OF THE DIRECTORS IS A HEALTHCARE ATTORNEY AND IS AWARE OF EXECUTIVE SALARIES AT A NUMBER OF SIMILAR LONG TERM CARE ORGANIZATIONS THROUGHOUT THE STATE. NOTES AND MINUTES ARE TAKEN OF THE DISCUSSION AND THE DECISION AND THEN THE CONCLUSIONS OF THE BOARD ARE THEN PUT INTO PLACE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. WESLEYAN ARMS INC 1701 WESTCHESTER DRIVE HIGH POINT NC 27262 561012908 ASSISTED LIVING NC 501(C)(3) LINE 10 N/A 0 PPRC NURSING HOME INC 1795 WESTCHESTER DRIVE HIGH POINT NC 27262 311733046 NURSING HOME NC 501(C)(3) LINE 10 N/A 0 PPRC SENIOR LIVING INC 1765 WESTCHESTER DRIVE HIGH POINT NC 27262 311733044 INDEPENDENT LIVING NC 501(C)(3) LINE 10 N/A 0 FIRST WESLEYAN MANAGEMENT INC 1701 WESTCHESTER DRIVE HIGH POINT NC 27262 912152420 MANAGEMENT COMPANY NC 501(C)(3) LINE 10 N/A 0 PROVIDENCE PLACE ASSISTED LIVING INC 1701 WESTCHESTER DRIVE HIGH POINT NC 27262 273481562 ASSISTED LIVING NC 501(C)(3) LINE 10 N/A 0 WESTCHESTER CHRISTIAN CENTER 1701 WESTCHESTER DRIVE HIGH POINT NC 27262 561963673 ACQUISITION, IMPROVEMENT, MAINTENANCE, LEASING OF PROPERTY NC N/A C 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 WESLEYAN ARMS INC M 59822 CASH PAID