2025-05-30T14:58:05-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 475 REGENCY PARK SUITE 175 OFALLON IL 62269 990 2024-01-01 541795871 LEXINGTON RETIREMENT COMMUNITY INC LEXI 5404631910 160 KENDAL DRIVE LEXINGTON VA 24450 FELICIA DIPRONIO BUSH INTERIM CEO 5404631910 2025-05-30 1 0 JEFF PARKER P00970069 6182331200 2025-05-30 2024 2025-03-06 01:10:19Z KENDAL AT LEXINGTON PAMELA LUECKE 160 KENDAL DRIVE LEXINGTON VA 24450 27493858 0 X WWW.KALEX.KENDAL.ORG X 1995 VA PROVIDE SERVICES FOR OLDER PEOPLE LIVING RESIDENTIALLY, IN ASSISTED LIVING & SKILLED NURSING. 16 16 232 20 0 0 211050 249132 19458690 20212605 1627233 2221650 359737 367293 21656710 23050680 53300 48300 0 0 8592269 9840919 0 0 7231 11182181 11072135 19827750 20961354 1828960 2089326 113718505 120608661 94323003 96780838 19395502 23827823 X KENDAL AT LEXINGTON, A NOT-FOR-PROFIT LIFE PLAN COMMUNITY, GROUNDED IN QUAKER VALUES, PROVIDES OPPORTUNITIES FOR A DIVERSE POPULATION OF OLDER ADULTS FROM THE LEXINGTON, BUENA VISTA, AND ROCKBRIDGE COUNTY, VIRGINIA AREAS AND BEYOND, TO LIVE IN A (CONTINUED ON SCHEDULE O) VIBRANT, CARING COMMUNITY THAT PROMOTES HEALTHFUL AND MEANINGFUL AGING. 0 0 14711471 48300 20458172 LEXINGTON RETIREMENT COMMUNITY, INC. OWNS AND OPERATES A LIFE PLAN COMMUNITY WHICH CURRENTLY CONSISTS OF 150 INDEPENDENT LIVING RESIDENCES IN COTTAGES AND APARTMENTS, 19 ASSISTED LIVING APARTMENTS WITH CAPACITY OF 20 RESIDENTS AND A 60 BED SKILLED NURSING FACILITY. 14711471 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 49 0 232 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 VA X FELICIA DIPRONIO BUSH 5404642604 160 KENDAL DRIVE LEXINGTON VA 24450 PAMELA LUECKE BOARD CHAIR 10.00 0.00 X X 0 0 0 MICHELE HENTZ BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE MERCE BROOKS BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID GRIZZLE BOARD MEMBER 1.00 0.00 X 0 0 0 MARK KEELEY BOARD MEMBER 1.00 0.00 X 0 0 0 ELIZABETH BRANNER BOARD MEMBER 1.00 0.00 X 0 0 0 RANDOLPH HARE BOARD MEMBER 1.00 0.00 X 0 0 0 PRISCILLA BAKER BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER RUSSELL BOARD MEMBER 1.00 0.00 X 0 0 0 HARRY WARNER JR BOARD MEMBER 1.00 0.00 X 0 0 0 BRUCE SUMMERS BOARD MEMBER 1.00 0.00 X 0 0 0 NATASHA WALSH BOARD MEMBER 1.00 0.00 X 0 0 0 DREWRY SACKETT BOARD MEMBER - LEFT MAY 2024 1.00 0.00 X 0 0 0 JAMES ADAMS BOARD MEMBER - LEFT MAY 2024 1.00 0.00 X 0 0 0 KAREN RUSSELL SECRETARY 1.00 0.00 X X 0 0 0 BENNETT ROSS TREASURER 1.00 0.00 X X 0 0 0 LINDA WILDER VICE CHAIR 1.00 0.00 X X 0 0 0 JAN BIGELOW CHIEF EXECUTIVE OFFICER 50.00 0.00 X 294477 0 30605 FELICIA DIPRONIO BUSH CFO AND INTERIM CEO 50.00 0.00 X 186577 0 22537 TODD PEGG DIRECTOR OF FACILITY SERVICES 50.00 0.00 X 109213 0 34968 ADAM FELDBAUER HEALTH SERVICES ADMINISTRATOR 50.00 0.00 X 143820 0 17856 GERALD WAYNE FERGUSON IT DIRECTOR 50.00 0.00 X 110147 0 34678 844234 0 140644 5 0 1 0 5 STAR ROOFING & RESTORATION LLC 115 POMONA DRIVE GREENSBORO NC 27407 ROOFING SERVICES 582207 FUNCTIONAL PATHWAYS OF TN LLC 10133 SHERRILL BLVD KNOXVILLE TN 37932 THERAPY SERVICES 364463 ENVISION PROPERTIES LLC 3834 OLD GREENVILLE ROAD STAUNTON VA 24401 CONSTRUCTION SERVICES 229464 TUCKER CONSTRUCTION LLC 534 WESLEY CHAPEL ROAD LEXINGTON VA 24450 CONSTRUCTION SERVICES 211967 CD SMITH CONSTRUCTION 569 FORGE ROAD LEXINGTON VA 24450 CONSTRUCTION SERVICES 209044 5 249132 8732 249132 RESIDENTIAL SERVICES REVENUE 623000 10253837 10253837 HEALTH CENTER FEES 623000 5228358 5228358 AMORTIZATION OF DEFERRED ENTRY FE 623000 4730410 4730410 20212605 2233887 2233887 94084 0 94084 94084 94084 4430491 450 4431437 11741 -946 -11291 -12237 -12237 FOOD SERVICES 623000 174796 174796 ANCILLARY SERVICES 623000 70771 70771 MISC. REVENUE 623000 27642 27642 273209 23050680 20458172 0 2343376 48300 48300 534196 534196 7139227 6353136 781549 4542 270485 247799 22686 1349876 1148256 201620 547135 456426 90709 588408 588408 6847 6847 155526 155526 1348232 896689 451543 90288 75319 14969 1720819 1435299 285247 273 405579 1651 401712 2216 1069332 892049 177283 25211 21031 4180 21393 17846 3547 1533873 1533873 3609933 3011447 598486 333839 333839 REPAIRS AND MAINTENANCE 78549 65527 13022 PRINTING, BOOKS, & PERI 28462 23743 4719 BAD DEBT EXPENSE 25227 25227 DUES, LICENSES & FEES 20493 16929 3364 200 10124 24 10100 20961354 14711471 6242652 7231 329176 711529 13590688 15944448 10000 10000 1304312 659089 442753 556061 103309136 42400236 61153396 60908900 35795270 40921576 1092910 897058 113718505 120608661 1971350 2055591 48394233 52563423 41781931 41716642 620060 378610 1555429 66572 94323003 96780838 X 17286096 21388500 2109406 2439323 19395502 23827823 113718505 120608661 2089326 2342995 0 X X 0 1 X 1 0 X 483433 2079608 476596 211050 249132 3499819 17919652 18382747 18876566 19713348 20458272 95350585 18403085 20462355 19353162 19924398 20707404 98850404 265637 508102 546150 313170 322498 1955557 0 265637 508102 546150 313170 322498 1955557 96894847 904787 1239263 1129812 1725408 2327971 7327241 904787 1239263 1129812 1725408 2327971 7327241 0 27216 42895 54010 18965 27642 170728 19335088 21744513 20536984 21668771 23063017 106348373 0.91110 0.92030 0.06890 0.05800 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 27,216. 2021 AMOUNT: $ 42,895. 2022 AMOUNT: $ 54,010. 2023 AMOUNT: $ 18,965. 2024 AMOUNT: $ 27,642. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 6131771 1642604 617985 18354 3965 8370041 4187601 1375248 632813 32789 31102 6131771 5114608 300 -832815 30300 64192 4187601 3957866 1010425 280405 30800 103288 5114608 3845674 330752 28800 18744 171016 3957866 0.94980 0.03880 0.01140 0 0 741068 741068 96069827 37626847 58442980 6498241 4773389 1724852 60908900 DUE TO AFFILIATE 66572 66572 X 25345375 2342995 2342995 23002380 48300 48300 23050680 20913054 0 20913054 48300 48300 20961354 PART IV, LINE 2B: REPRESENTS RESERVATION DEPOSITS BY PROSPECTIVE RESIDENTS THAT ARE HELD IN ESCROW. PART V, LINE 4: THERE ARE TWO DONOR RESTRICTED PERMANENT ENDOWMENTS TOTALING $324,367. ONE IS TO BE USED FOR THE FELLOWSHIP FUND. THE FELLOWSHIP FUND PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS THAT HAVE OUTLIVED THEIR ASSETS AND NEED ASSISTANCE PAYING THEIR MONTHLY FEE OR NEED ASSISTANCE PAYING THE INITIAL ENTRY FEE INTO THE COMMUNITY. THE SECOND DONOR RESTRICTED ENDOWMENT IS FOR EMPLOYEE EDUCATION AND DEVELOPMENT. THERE ARE FOUR BOARD DESIGNATED ENDOWMENTS (QUASI-ENDOWMENT) TOTALING $7,950,619. THE 1ST IS FOR THE FELLOWSHIP FUND ($282,985). THE 2ND IS FOR EMPLOYEE DEVELOPMENT ($105,112), THE 3RD IS FOR CAMPUS BEAUTIFICATION ($325,161), AND THE FINAL ONE IS FOR CAPITAL IMPROVEMENTS ($7,237,361). PART X, LINE 2: THE CORPORATION HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE CORPORATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESIDENTIAL ASSISTANCE GRANT-CONTRA REVENUE ACCOUNT ON THE FINANCIALS 48,300. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENTIAL ASSISTANCE GRANT-CONTRA REVENUE ACCOUNT ON THE FINANCIALS 48,300. 1 MONTHLY FEE ASSISTANCE 2 48300 FMV REDUCTION IN FEES BY WAY OF A CREDIT ON RESIDENT'S MONTHLY STATEMENT. NO CASH IS GIVEN TO THE RESIDENTS. PART I, LINE 2: AFTER A REQUEST FOR FINANCIAL ASSISTANCE IS RECEIVED, A FINANCIAL APPLICATION MUST BE COMPLETED BY THE RESIDENT. THE APPLICATION IS COMPARED TO THE INITIAL APPLICATION COMPLETED PRIOR TO APPROVAL INTO THE COMMUNITY TO ASSURE THERE ARE NO DISCREPANCIES. THE REQUEST IS THEN BROUGHT TO THE FELLOWSHIP COMMITTEE WHICH CONSISTS OF INDEPENDENT MEMBERS OF THE BOARD EXECUTIVE COMMITTEE FOR APPROVAL. X X X 0 0 0 0 0 0 0 0 0 JAN BIGELOW CHIEF EXECUTIVE OFFICER 278477 0 16000 0 0 0 16629 0 13976 0 325082 0 0 0 FELICIA DIPRONIO BUSH CFO AND INTERIM CEO 186577 0 0 0 0 0 9932 0 12605 0 209114 0 0 0 ADAM FELDBAUER HEALTH SERVICES ADMINISTRATOR 140570 0 0 0 3250 0 15647 0 2209 0 161676 0 0 0 A INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF LEXINGTON VIRGINIA 546001392 52976BBY1 2016-10-05 29975790 TO REFUND THE 2007 SERIES A IDA CITY LEXINGTON, VA BONDS 0 0 0 B INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF LEXINGTON VIRGINIA 546001392 52976BCC8 2017-12-27 34857102 TO RENOVATE HEALTH CENTERS & CONSTRUCT 30 IL COTTAGES 1 0 0 C INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF LEXINGTON VIRGINIA 546001392 52976BCF1 2022-10-05 19573304 TO PARTIALLY REFUND 2017A SERIES BONDS 0 0 0 A 7690000 29975790 1991232 591967 27344998 1 0 1 1 B 18540000 34857102 908812 3039 191997 33652311 2021 0 0 1 1 C 50000 19573304 335431 19237873 1 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF LEXINGTON, VIR DATE THE REBATE COMPUTATION WAS PERFORMED: 01/01/2021 ISSUER NAME: INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF LEXINGTON, VIR DATE THE REBATE COMPUTATION WAS PERFORMED: 12/27/2022 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD CONSISTS OF THE ELECTED OFFICERS OF THE CORPORATION, THE CHAIR OF THE BOARD DEVELOPMENT COMMITTEE, THE CHIEF EXECUTIVE OFFICER, THE CHIEF FINANCIAL OFFICER, AND UPON REQUEST OF THE CHAIR OF THE BOARD, AND IF WILLING TO SERVE, THE IMMEDIATE PAST CHAIR OF THE BOARD FOR A PERIOD NOT TO EXCEED ONE YEAR. IT SHALL MAKE DECISIONS ON BEHALF OF THE BOARD WHEN CIRCUMSTANCES REQUIRE A DECISION BETWEEN REGULAR MEETINGS OF THE BOARD, AND SHALL MAKE DECISIONS ON BEHALF OF THE BOARD WHEN THE BOARD DELEGATES TO THE COMMITTEE THE AUTHORITY TO DO SO. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. THE COPY REVIEWED BY THE BOARD DOES NOT CONTAIN SCHEDULE B DUE TO THE DESIRED ANONYMITY OF DONORS. BOARD MEMBERS ARE ENCOURAGED TO REVIEW THE RETURN AND ASK QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD MEMBERS ARE GIVEN A COPY OF KENDAL AT LEXINGTON'S "CONFLICT OF INTEREST POLICY AND "ETHICAL CODE OF CONDUCT POLICY". BY SIGNING THE ETHICAL CODE OF CONDUCT POLICY, THE BOARD MEMBER IS AGREEING TO UNDERSTANDING AND SUPPORTING KENDAL AT LEXINGTON'S CODE OF CONDUCT. IN ADDITION, THE BOARD MUST COMPLETE THE "ANNUAL CONFLICTS OF INTEREST AND DISCLOSURE OF RELATED ACTIVITIES STATEMENT". THE STATEMENT ASKS SPECIFIC QUESTIONS REGARDING INTERESTS OR AFFILIATIONS WHICH MAY CREATE A CONFLICT OF INTEREST. IF A CONFLICT EXISTS, BOARD MEMBERS ARE ASKED TO EXPLAIN THE SITUATION. THE STATEMENTS ARE REVIEWED AND ACTED UPON IF DEEMED APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE CHIEF EXECUTIVE OFFICER'S COMPENSATION WAS DETERMINED AFTER AN ANNUAL EVALUATION WAS COMPLETED BY THE CHIEF EXECUTIVE OFFICER'S REVIEW COMMITTEE. THE COMMITTEE CONSISTED OF THE BOARD CHAIR AND TWO INDEPENDENT BOARD MEMBERS. INPUT FOR THE EVALUATION WAS OBTAINED FROM VARIOUS SOURCES, INCLUDING KENDAL AT LEXINGTON STAFF, KENDAL CORPORATION STAFF, BOARD MEMBERS AND RESIDENTS. EARNINGS FOR COMPARABLE POSITIONS IN THE MARKET AREA WERE OBTAINED AND USED TO SET COMPENSATION. 2024 WAS THE MOST RECENT YEAR IN WHICH THE PROCESS INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES WAS DETERMINED BY THE CHIEF EXECUTIVE OFFICER WITH INPUT FROM THE DIRECTOR OF HUMAN RESOURCES AND CHIEF FINANCIAL OFFICER. ANNUAL EVALUATIONS AND EARNINGS DATA FOR COMPARABLE POSITIONS IN THE MARKET AREA ARE USED TO SET COMPENSATION. THE TWO WAGE SURVEYS USED WERE: LEADING AGE SOUTH ATLANTIC REGION AND LEADING AGE VIRGINIA. 2024 WAS THE MOST RECENT YEAR IN WHICH THE PROCESS INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. KENDAL AT OBERLIN 600 KENDAL DRIVE OBERLIN OH 44074 341567246 OPERATE CONTINUING CARE RETIREMENT COMMUNITY OH LINE 10 N/A 0 KENDAL AT ITHACA 2230 NORTH TRIPHAMMER ROAD ITHACA NY 14850 521787487 OPERATE CONTINUING CARE RETIREMENT COMMUNITY NY LINE 10 N/A 0 KENDAL AT HANOVER 80 LYME ROAD HANOVER NH 03755 020519490 OPERATE CONTINUING CARE RETIREMENT COMMUNITY NH 501(C)(3) LINE 10 N/A 0 BARCLAY FRIENDS 700 N FRANKLIN STREET WEST CHESTER PA 19380 232088476 OPERATE SKILLED AND ASSISTED LIVING NURSING HOME PA 501(C)(3) LINE 10 N/A 0 THE KENDAL CORPORATION 591 COLLABORATION WAY SUITE 603 NEWARK DE 19713 232688382 DEVELOP AND PROVIDE ADMINISTRATION FOR CCRC'S PA 501(C)(3) LINE 12C, III-FI N/A 0 KENDAL CHARITABLE FUNDS 591 COLLABORATION WAY SUITE 603 NEWARK DE 19713 232626425 MANAGE CHARITABLE CONTRIBUTIONS TO PRIMARILY BENEFIT AFFILIATES PA 501(C)(3) LINE 7 THE KENDAL CORPORATION 0 KENDAL ON HUDSON 1010 KENDAL WAY SLEEPY HOLLOW NY 10591 133971396 OPERATE CONTINUING CARE RETIREMENT COMMUNITY NY 501(C)(3) LINE 10 N/A 0 THE LATHROP COMMUNITIES 100 BASSETT BROOK DRIVE EASTHAMPTON MA 01027 042996627 OPERATE OVER 55 COMMUNITY MA 501(C)(3) LINE 10 N/A 0 KENDAL NEW YORK 1010 KENDAL WAY SLEEPY HOLLOW NY 10591 061656576 PROVIDE SUPPORT SERVICES IN OPERATION OF KENDAL ON HUDSON & KENDAL AT ITHACA NY 501(C)(3) LINE 12A, I THE KENDAL CORPORATION 0 KENDAL AT HOME 26040 DETROIT ROAD SUITE 1 WESTLAKE OH 44145 200548053 OPERATE CONTINUING CARE RETIREMENT PROGRAM OH 501(C)(3) LINE 10 N/A 0 COLLINGTON EPISCOPAL LIFECARE COMMUNITY INC 10450 LOTTSFORD ROAD MITCHELLVILLE MD 20721 521281156 OPERATE CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 N/A 0 KENDAL NORTHERN OHIO 600 KENDAL DRIVE OBERLIN OH 44074 200548053 PROVIDE SUPPORT SERVICES TO KENDAL CCRCS IN OH OH 501(C)(3) LINE 10 N/A 0 KENDAL AT SONOMA 300 PAGE STREET SAN FRANCISCO CA 94102 814896082 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY CA 501(C)(3) LINE 10 N/A 0 KENDAL AT VENTURA 300 PAGE STREET SAN FRANCISCO CA 94102 882322210 DEVELOP, OWN, & OPERATE A SENIOR HOUSING FACILITY CA 501(C)(3) LINE 10 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0