2025-11-03T13:53:40-05:00 2024-12-31 520783935 SMITH ELLIOTT KEARNS & COMPANY LLC 19405 EMERALD SQUARE STE 1400 HAGERSTOWN MD 21742 990 2024-01-01 520610464 FAHRNEY-KEEDY MEMORIAL HOME INC AKA FAHRNEY-KEEDY HOME AND VILLAGE FAHR 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 STEPHEN COETZEE PRESIDENT/CEO 3017336284 2025-10-29 true true ERIN CLARK CPA P01388029 3017335020 2025-10-29 2024 2025-03-06 01:10:19Z STEPHEN COETZEE 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 27235870 false X WWW.FKHV.ORG X 1905 MD WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 41 INDEPENDENT LIVING COTTAGES, 24 INDEPENDENT LIVING APARTMENTS, 50 ASSISTED LIVING BEDS, AND A 98 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. IN OCTOBER 2022, THE ORGANIZATION ACQUIRED COFFMAN NURSING HOME, INC. LOCATED IN HAGERSTOWN MARYLAND. COFFMAN IS A 59 BED FACILITY AND PROVIDES SKILLED NURSING CARE AND REHABILITATION SERVICES FOR RESIDENTS. 15 15 438 39 0 1249926 672357 23588577 26297815 1728 243360 190 8755 24840421 27222287 1050 0 0 17093769 16533179 0 129995 11141885 12853385 28236704 29386564 -3396283 -2164277 43535741 42423856 30285516 30392589 13250225 12031267 X WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 41 INDEPENDENT LIVING COTTAGES, 24 INDEPENDENT LIVING APARTMENTS, 50 ASSISTED LIVING BEDS, AND A 98 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. IN OCTOBER 2022, THE ORGANIZATION ACQUIRED COFFMAN NURSING HOME, INC. LOCATED IN HAGERSTOWN MARYLAND. COFFMAN IS A 59 BED FACILITY AND PROVIDES SKILLED NURSING CARE AND REHABILITATION SERVICES FOR RESIDENTS. false false 13724273 19296162 NURSING SERVICES TO PRIVATE PAY, MEDICARE, AND MEDICAID RESIDENTS. 2075684 4918574 ASSISTED LIVING SERVICES. 721285 1617656 INDEPENDENT LIVING SERVICES. 8610693 465423 ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, ADULT DAY CARE, AND PROPERTY SERVICES. EXPENSES BY PROGRAM ARE AS FOLLOWS: ROUTINE SERVICES - 5,215,913 CAPITAL AND PROPERTY SERVICES - 2,147,734 OTHER PATIENT CARE - 736,419 ADULT DAY CARE - 384,575 STAFF DEVELOPMENT - 126,052 8610693 465423 25131935 true true false false false false false false false true true false false true true true true false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false true 32 0 true 438 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false MD X STEPHEN COETZEE 3017336284 8507 MAPLEVILLE ROAD BOONSBORO MD 21713 STEPHEN COETZEE PRESIDENT/CE 40.00 X X 202915 0 26449 TARA DELAUNEY LPN NURSE MA 40.00 X 158341 0 5893 CHARLES SULUREH GNA 40.00 X 134805 0 7954 SANDRA HENDRICKS DON 40.00 X 114280 0 22796 BRANDY BRADY LPN NURSE MA 40.00 X 114732 0 7634 JULIA MCGLAUGHLIN FMR EXEC DIR 40.00 X 117858 0 3434 YEAKO MENYEN GNA 40.00 X 115873 0 578 CHARLES ANGLE DIRECTOR 2.00 X 0 0 0 KAREN ANTHONY DIRECTOR 2.00 X 0 0 0 HEATHER BARNES VP FINANCE 40.00 X X 0 0 0 MARY BOWMAN DIRECTOR 2.00 X 0 0 0 BARBARA BUSSARD DIRECTOR 2.00 X 0 0 0 JACKIE DRAPER DIRECTOR 2.00 X 0 0 0 NANCY EICHELBERGER DIRECTOR 2.00 X 0 0 0 DR AARON GEORGE DIRECTOR 2.00 X 0 0 0 SUE GRAFF DIRECTOR 2.00 X 0 0 0 LESLIE HART VICE CHAIR 2.00 X 0 0 0 TYLER HORNBECKER DIRECTOR 2.00 X 0 0 0 DAVID LYLES DIRECTOR 2.00 X 0 0 0 KATHY MORRISEY DIRECTOR 2.00 X 0 0 0 BARBARA MOSSER DIRECTOR 2.00 X 0 0 0 DEB PARK DIRECTOR 2.00 X 0 0 0 STARLA WARD DIRECTOR 2.00 X 0 0 0 958804 74738 7 false true false FOREFRONT HEALTHCARE LLC 22622 HARPER AVENUE ST CLAIR SHORES MI 48080 802825 RKL LLP 1800 FRUITVILLE PIKE LANCASTER PA 17601 326836 2 30789 641568 672357 PATIENT SERVICE 623000 24214736 24214736 AMORTIZATION OF ENTRANCE FEES 623000 1113320 1113320 INDEPENDENT LIVING 623000 504336 504336 RESIDENT SERVICES 623000 465423 465423 26297815 243360 243360 13930 30789 10670 3260 3260 8408 2913 5495 5495 27222287 26297815 252115 X 393598 171817 210313 11468 13659273 12522654 1057746 78873 124948 103680 18748 2520 1316741 1101087 206110 9544 1038619 935602 95909 7108 57600 57600 119642 119642 5256213 4438545 817668 43419 10 42711 698 774876 217360 557486 30 338437 5904 328635 3898 686982 684284 2698 31472 31336 136 61979 17355 28869 15755 821096 821073 23 1895636 1895636 476902 476902 MEDICAL/PATIENT SUPPLIES 589693 588255 1438 PHARMACY & DRUG COSTS 558597 558597 BAD DEBTS 436120 436120 REPAIRS & MAINTENANCE 274439 274336 103 430282 328284 101897 101 29386564 25131935 4124634 129995 354690 225568 713701 1076900 180753 136444 3461482 3205264 12003 38608 90970 106555 53592834 26689268 28573148 26903566 10148994 10730951 43535741 42423856 3350879 4496776 5702493 5264145 19426269 20127868 1805875 503800 30285516 30392589 X 5803068 4191780 7447157 7839487 13250225 12031267 43535741 42423856 X -2164277 945319 X false true X true true true X 3386060 5243512 875779 1249926 672357 11427634 15743018 16853121 17398554 23588577 26297815 99881085 13991 33346 21670 11376 22338 102721 19143069 22129979 18296003 24849879 26992510 111411440 111411440 16136 1909 615 4435 243360 266455 16136 1909 615 4435 243360 266455 19159205 22131888 18296618 24854314 27235870 111677895 0.99760 0.99940 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 463904 50286 6290 507900 415434 54020 5550 463904 476899 -55853 5612 415434 419608 57291 476899 376680 49769 6841 419608 false false 672493 672493 46162918 21532706 24630212 3397266 2930115 467151 3360157 2226447 1133710 26903566 BENEFICIAL INTEREST IN TRUSTS 7063117 OPERATING RESERVE 2881683 INVESTMENT RESTRICTED 300000 INVESTMENT - BENEVOLENT FUND 294172 BENEVOLENT FUND 161344 CAPTIVE INSURANCE COLLATERAL DEPOSIT 30635 10730951 INVESTMENT MARGIN LOAN 300000 FINANCE LEASE OBLIGATIONS 203800 503800 X 28207343 945319 26154 971473 27235870 -13583 -13583 27222287 29426301 39737 39737 29386564 29386564 SCHEDULE D, PAGE 2, PART V, LINE 4 THE HOME HAS A BOARD DESIGNATED ENDOWMENT FUND. THE INCOME EARNED ON THE ENDOWMENT FUND, INCLUDING APPRECIATION, IS EXPENDABLE, FOR THE MAINTENANCE AND REPAIR OF THE HOME'S FACILITIES. ACCOUNTING STANDARDS CODIFICATION (ASC)958 PROVIDES GUIDANCE ON THE NET ASSET CLASSIFICATION OF ENDOWMENT FUNDS FOR A NOT-FOR-PROFIT ORGANIZATION THAT IS SUBJECT TO AN ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT OF 2006 (UPMIFA.) ASC 958 ALSO REQUIRES DISCLOSURES ABOUT AN ORGANIZATION'S BOARD DESIGNATED ENDOWMENT FUNDS, AND THAT THE ORGANIZATION IS SUBJECT TO UPMIFA UNDER STATE LAW. ENDOWMENT INVESTMENT AND SPENDING POLICY: THE HOME'S INVESTMENT POLICY IS TO PROVIDE A COMMON INVESTMENT VEHICLE, WHICH WILL GENERATE A STABLE AND CONTINUOUSLY GROWING INCOME STREAM TO SUPPORT OPERATIONS. THE OVERALL INVESTMENT GOAL IS TO PRESERVE THE PURCHASING POWER OF THE FUTURE STREAM OF ENDOWMENT PAYOUT FOR THOSE FUNDS. OTHER GOALS INCLUDE MAXIMIZING RETURN WITHIN REASONABLE AND PRUDENT LEVELS OF RISK AND MAXIMIZING THE VALUE OF THE ENDOWMENT WHILE MAINTAINING LIQUIDITY NEEDED TO SUPPORT SPENDING IN PROLONGED DOWN MARKETS. THE HOME SEEKS A RETURN ON INVESTMENT CONSISTENT WITH LEVELS OF INVESTMENT RISK THAT ARE PRUDENT AND REASONABLE GIVEN MEDIUM-TO-LONG-TERM CAPITAL MARKET CONDITIONS AND THE INVESTMENT OBJECTIVES. THE HOME HAS BEEN ENABLED BY THE BOARD OF DIRECTORS TO SPEND THE INTEREST AND DIVIDENDS DERIVED FROM THE ENDOWMENT FUND ON ITS REPAIRS AND MAINTENANCE COSTS. IN AN EFFORT TO PRESERVE UNRESTRICTED CASH AND CONTINUE TO INCREASE THE HOME'S CCRC RESERVE TO MEET STATE MANDATED REQUIREMENTSS THE BOARD DESIGNATED THE LEONARD MATHIAS ENDOWMENT INVESTMENT WITH THE BALANCE OF 507,900 AND 463,904 AT DECEMBER 31, 2024 AND 2023, RESPECTIVELY, TO BE USED TOWARD THE CCRC RESERVE REQUIREMENTS. AS A RESULT, 507,900 AND 408,432 OF THE TOTAL INVESTMENT BALANCE, WAS RECLASSIFIED TO OPERATING RESERVE ON THE STATEMENT OF FINANCIAL POSITION FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, RESPECTIVELY. THE REMAINING CCRC OPERATING RESERVE IS FUNDED THOUGH OTHER LIQUID AND UNRESTRICTED INVESTMENTS AND UNRESTRICTED CASH. SCHEDULE D, PAGE 3, PART X THE HOME FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE HOME'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. THE HOME'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE AND LOCAL TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D BAD DEBT RECOVERY NETTED AGAINST EXPENSE ON TAX RETURN 26,154 SCHEDULE D, PAGE 4, PART XI, LINE 4B DIRECT FUNDRAISING EXPENSES -10,670 GAMING EXPENSES -2,913 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT FUNDRAISING EXPENSES 10,670 BAD DEBT RECOVERY NET AGAINST EXPENSE ON TAX RETURN 26,154 GAMING EXPENSES 2,913 GOLF TOURNAMENT 33770 30234 3536 3174 1485 701 PRETZEL SANDWIC 5715 405 5310 2160 1 5234 150 5084 3050 100 44719 30789 13930 3174 6695 801 10670 3260 MD X false false false false false false false false false STEPHEN COETZEE PRESIDENT/CEO 202915 8089 18360 229364 TARA DELAUNEY LPN NURSE MANAGER 158341 4727 1166 164234 FORM 990 - ORGANIZATION'S MISSION WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 41 INDEPENDENT LIVING COTTAGES, 24 INDEPENDENT LIVING APARTMENTS, 50 ASSISTED LIVING BEDS, AND A 98 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. IN OCTOBER 2022, THE ORGANIZATION ACQUIRED COFFMAN NURSING HOME, INC. LOCATED IN HAGERSTOWN MARYLAND. COFFMAN IS A 59 BED FACILITY AND PROVIDES SKILLED NURSING CARE AND REHABILITATION SERVICES FOR RESIDENTS. FORM 990, PAGE 2, PART III, LINE 4D ALL OTHER SERVICES INCLUDE EXECUTIVE MANAGEMENT SERVICES, BUSINESS SUPPORT SERVICES, OTHER PATIENT CARE EXPENSES, DIETARY SERVICES, ADULT DAY CARE, AND PROPERTY SERVICES. EXPENSES BY PROGRAM ARE AS FOLLOWS: ROUTINE SERVICES - 5,215,913 CAPITAL AND PROPERTY SERVICES - 2,147,734 OTHER PATIENT CARE - 736,419 ADULT DAY CARE - 384,575 STAFF DEVELOPMENT - 126,052 FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD MEETS SEMI-MONTHLY AND THE 990 INFORMATION IS PROVIDED AT THEIR NEXT MEETING AFTER THE 990 IS RECEIVED. FORM 990, PAGE 6, PART VI, LINE 12C ALL ASSOCIATES ARE REQUIRED TO DISCLOSE TO THEIR SUPERVISOR/DEPARTMENT MANAGER/VICE PRESIDENT OF OPERATIONS ANY SITUATION WHICH MIGHT POSSIBLY CONSTITUTE A CONFLICT OF INTEREST. ANY SITUATION WHICH WOULD CREATE AN ACTUAL CONFLICT OF INTEREST OR THE APPEARANCE OF CONFLICT MUST BE AVOIDED. IF ANY SITUATION POSES DOUBT CONSULT WITH SUPERVISOR/DEPARTMENT MANAGER/VICE PRESIDENT OF OPERATIONS. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AND SUBMITTED IN A LETTER BY THE CHAIRMAN OF THE BOARD OF DIRECTORS TO THE ACCOUNTING DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE ACCOUNTING OFFICE AND THE CEO'S OFFICE. FORM 990, PART IX, LINE 11G OTHER CONTRACT SERVICES 4,425,456 338,412 0 OTHER PROFESSIONAL SERVICES 13,089 479,256 0 TOTAL 4,438,545 817,668 0 FORM 990, PART XI, LINE 9 BAD DEBT RECOVERY NETTED AGAINST EXPENSE ON TAX RETURN 26,154 DIRECT FUNDRAISING EXPENSES 10,670 GAMING EXPENSES 2,913 DIRECT FUNDRAISING EXPENSES -10,670 BAD DEBT RECOVERY NET AGAINST EXPENSE ON TAX RETURN -26,154 GAMING EXPENSES -2,913