2024-10-28T09:37:27-05:00 2023-12-31 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2023-01-01 522350026 CHARLESTOWN BENEVOLENT CARE FOUNDATION INC CHAR 4102422880 719 MAIDEN CHOICE LANE BALTIMORE MD 21228 PAMELA STINER TREASURER 4102422880 2024-10-24 1 1 JULIA FLANNERY P00928918 4102469300 2024-10-24 2023 2024-10-15 13:58:12Z DON GROVE 719 MAIDEN CHOICE LANE BALTIMORE MD 21228 5259400 0 X WWW.ERICKSONCOMMUNITIES.COM X 2001 MD THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF CHARLESTOWN COMMUNITY. 8 8 0 8 0 0 85219 257699 0 0 195070 467229 0 0 280289 724928 800000 300000 0 0 0 0 0 0 0 32708 26479 832708 326479 -552419 398449 4863644 5519294 350969 295863 4512675 5223431 X THE BOARD OF DIRECTORS OF CHARLESTOWN BENEVOLENT CARE FOUNDATION, INC. IS COMMITTED TO CREATING A COMMUNITY THAT CELEBRATE LIFE. SEE SCHEDULE O FOR THE COMPLETE MISSION STATEMENT. 0 0 300000 300000 THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF CHARLESTOWN COMMUNITY, INC., AN ORGANIZATION EXEMPT UNDER IRC SECTION 501(C)(3), INCLUDING, BUT NOT LIMITED TO, SUPPORTING THE BENEVOLENT CARE FUND CREATED AND ADMINISTERED BY CCI. 300000 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X IBI KHAN 4102422880 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 LAURA OSTROFF CHAIRPERSON 1.00 1.00 X X 0 0 0 NAOMI MCAFEE DIRECTOR 1.00 X 0 0 0 DR HEIDI ABELHADY DIRECTOR 1.00 3.00 X 0 0 0 STEVE HARDERS DIRECTOR 1.00 X 0 0 0 DAVID DOUDS DIRECTOR 1.00 X 0 0 0 CAROL KEFFORD DIRECTOR 1.00 X 0 0 0 ROSEMARY ECK DIRECTOR 1.00 X 0 0 0 LUTHER PETRY DIRECTOR 1.00 1.00 X 0 0 0 DON GROVE EX OFFICIO PRESIDENT 3.00 40.00 X 0 272959 21170 GLADSTONE JAMES EX OFFICIO TREASURER 1.00 40.00 X 0 146422 27560 PATRICIA SANTONI EX OFFICIO SECRETARY 1.00 40.00 X 0 123329 17246 0 542710 65976 0 0 1 0 0 257699 257699 143984 143984 4857717 4534472 323245 323245 323245 724928 0 0 467229 300000 300000 26479 26479 326479 300000 26479 0 115365 250794 2543123 2637180 2205156 2631320 4863644 5519294 350969 295863 350969 295863 X 4512675 5223431 4512675 5223431 4863644 5519294 X 398449 362854 -50547 X X 0 1 X 1 0 X X 1 CHARLESTOWN COMMUNITY INC 521315965 10 1 300000 0 1 300000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 WESTERN ASSET CORE PLUS (WAPSX) 351415 F DODGE & COX INCOME FUND (DDDIX) 430536 F ALLSPRING CORE BOND FUND (WTRIX) 342924 F ISHARES CORE S&P 500 (IW) 1506445 F 2631320 X 117387682 362854 116299900 116662754 724928 0 724928 115994406 115967927 115967927 26479 300000 300000 326479 PART X, LINE 2: CCI AND THE FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE MARYLAND STATE INCOME TAX REGULATIONS. MANAGEMENT HAS EVALUATED CCI AND THE FOUNDATION'S TAX POSITIONS AND HAS CONCLUDED THAT CCI AND THE FOUNDATION HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM AFFILIATE REPORTED ON CONSOLIDATED FINANCIAL STATEMENTS 116,650,447. GRANT TO CCI NETTED AGAINST REVENUE -300,000. SPLIT INTEREST AGREEMENT -50,547. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM AFFILIATE REPORTED ON CONSOLIDATED FINANCIAL STATEMENTS 115,967,927. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT TO CCI NETTED AGAINST REVENUE 300,000. 1 CHARLESTOWN COMMUNITY INC 719 MAIDEN CHOICE LANE BALTIMORE MD 21228 521315965 501(C)(3) 300000 0 CHARITY CARE EXPENSES 1 0 PART I, LINE 2: GRANTS ARE AWARDED ONLY TO THE SUPPORTED ORGANIZATION, CHARLESTOWN COMMUNITY, INC. 0 0 0 0 0 0 0 0 0 DON GROVE EX OFFICIO PRESIDENT 0 182950 0 88750 0 1259 0 7422 0 13748 0 294129 0 0 GLADSTONE JAMES EX OFFICIO TREASURER 0 127786 0 18000 0 636 0 4402 0 23158 0 173982 0 0 PART I, LINE 3 CHARLESTOWN BENEVOLENT CARE FOUNDATION, INC. RELIES ON CHARLESTOWN COMMUNITY, INC. (CCI) TO ESTABILISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR. CCI USES AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE CCI BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 7A DID THE ORGANIZATION HAVE MEMBERS, STOCKHOLDERS, OR OTHER PERSONS WHO HAD THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY? CHARLESTOWN COMMUNITY, INC. HAS THE RIGHT TO APPOINT AND ELECT ALL DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ARE ANY GOVERNANCE DECISIONS OF THE ORGANIZATION RESERVED TO (OR SUBJECT TO APPROVAL BY) MEMBERS, STOCKHOLDERS, OR PERSONS OTHER THAN THE GOVERNING BODY? CERTAIN EXTRAORDINARY ACTIONS OF THE CORPORATION REQUIRE THE APPROVAL OF THE MEMBER UNDER APPLICABLE STATE LAW. FORM 990, PART VI, SECTION B, LINE 11B HAS THE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM? THE AUDIT COMMITTEE OF THE CCI BOARD HAS THE RESPONSIBILITY TO REVIEW THE FORM 990 PRIOR TO ITS FILING OR TO DESIGNATE ANOTHER BOARD MEMBER TO REVIEW THE FORM. THE FULL BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FORM 990 BEFORE IT IS FILED AND ASK QUESTIONS OF THE AUDIT COMMITTEE OR THE REVIEWER REGARDING THE FORM. THE BOARD CHAIR DESIGNATES AN OFFICER TO SIGN FORM 990. FORM 990, PART VI, SECTION B, LINE 12C DID THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY? CHARLESTOWN BENEVOLENT CARE FOUNDATION, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER CHARLESTOWN BENEVOLENT CARE FOUNDATION, INC.'S AFFAIRS, COMMITTEE MEMBERS, PROSPECTIVE DIRECTORS, AND SENIOR STAFF PROVIDING SERVICES TO THE ORGANIZATION UNDER A MANAGEMENT AGREEMENT. EACH COVERED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND AS POTENTIAL CONFLICTS ARISE DURING THE YEAR. THESE STATEMENTS ARE REVIEWED BY THE BOARD CHAIR. IF THE CONFLICT INVOLVES A COVERED EMPLOYEE, THE CHAIR DETERMINES WHETHER A CONFLICT EXISTS AND, IF SO, HOW IT IS TO BE HANDLED, OR THE CHAIR MAY REFER THE MATTER TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FOR ALL OTHER CONFLICTS, THE BOARD OF DIRECTORS OR A COMMITTEE OF DISINTERESTED DIRECTORS WILL DETERMINE WHETHER A CONFLICT ACTUALLY EXISTS. A COVERED PERSON MAY NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE BY THE BOARD BUT MAY ANSWER QUESTIONS OR PROVIDE CLARIFYING INFORMATION UNLESS ANY BOARD MEMBER OBJECTS. FORM 990, PART VI, SECTION B, LINE 15 DID THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL, OR OTHER OFFICERS OR KEY EMPLOYEES, INCLUDE A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION? REFERENCE TO DIRECTORS IS THE MANAGEMENT DIRECTORS, NOT THE BOARD OF DIRECTORS. THE CCI BOARD HAS APPROVED A DIRECTORS' COMPENSATION POLICY WHICH ESTABLISHES THE PROCESS BY WHICH ALL DIRECTOR COMPENSATION IS DETERMINED. BOARD MEMBERS SERVE WITHOUT COMPENSATION. A REVIEW OF THE MANAGEMENT DIRECTORS' COMPENSATION IS CONDUCTED EACH FISCAL YEAR. COMPENSATION IS APPROACHED ON AN OVERALL BASIS AND THE TOTAL VALUE OF ALL FORMS OF COMPENSATION IS ESTABLISHED AND MONITORED. ERICKSON SENIOR LIVING, LLC (ESL) ESTABLISHES BENCHMARK DATA FOR ALL POSITIONS WITHIN EACH DEPARTMENT. VARIOUS MARKET SURVEYS ARE USED IN ANALYZING AND DETERMINING COMPENSATION. IN ADDITION, GEOGRAPHICAL DIFFERENTIALS ARE TAKEN INTO ACCOUNT IN DETERMINING COMPENSATION. MARKET SURVEYS USED INCLUDE BOTH FOR-PROFIT AND NOT-FOR-PROFIT PEERS. AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY RETAINED TO PERFORM AN ANALYSIS OF CHARLESTOWN'S COMPENSATION. THE GOVERNANCE COMMITTEE OF THE CCI BOARD CONSIDERS ALL OF THE ABOVE DATA IN REVIEWING AND APPROVING COMPENSATION. THE GOVERNANCE COMMITTEE IS A SUBCOMMITTEE OF THE CCI BOARD AND IS COMPRISED OF MEMBERS OF THE CCI BOARD. THIS SUBCOMMITTEE IS DELEGATED WITH CERTAIN DETAILED REVIEW TASKS INCLUDING THIS DETAILED REVIEW OF COMPENSATION. AFTER REVIEWING AND APPROVING COMPENSATION, THE GOVERNANCE COMMITTEE THEN MAKES A RECOMMENDATION TO THE CCI BOARD OF DIRECTORS AS TO APPROPRIATE COMPENSATION. IF REQUESTED, THE CCI BOARD HAS ACCESS TO ALL OF THE COMPENSATION DATA ABOVE AND CAN ASK QUESTIONS OF MANAGEMENT AND THE GOVERNANCE COMMITTEE. THE CCI BOARD REVIEWS AND VOTES ON THE FINAL COMPENSATION RECOMMENDATION AS PART OF THE BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 DESCRIBE WHETHER (AND IF SO, HOW) THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EXECUTIVE DIRECTOR'S OFFICE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: SPLIT INTEREST AGREEMENT -50,547. FORM 990, PART XII, LINE 2C: DOES THE ORGANIZATION HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT? THE AUDIT COMMITTEE OF THE CCI BOARD OVERSEES THE FINANCIAL STATEMENT AUDIT PROCESS AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS. THE PROCESS HAS BEEN CONSISTENT WITH PRIOR YEARS. FORM 990, PAGE 1, PART I, LINE 1 AND PART III, LINE 1: BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION STATEMENT: THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF CHARLESTOWN COMMUNITY, INC., AN ORGANIZATION EXEMPT UNDER IRC SECTION 501(C)(3), INCLUDING, BUT NOT LIMITED TO, SUPPORTING THE BENEVOLENT CARE FUND CREATED AND ADMINISTERED BY CHARLESTOWN COMMUNITY, INC. CHARLESTOWN COMMUNITY INC 719 MAIDEN CHOICE LANE BALTIMORE MD 21228 521315965 ELDER CARE/HEALTH MD 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0