2025-11-04T11:05:46-06:00 2024-12-31 946214841 ARMANINO ADVISORY LLC 15950 N DALLAS PKWY 600 DALLAS TX 75248 990 2024-01-01 900475369 PRESERVATION FREEHOLD COMPANY PRES 2147252837 1500 WATERS RIDGE DR 100 LEWISVILLE TX 75057 JAMES M CHANCE PRESIDENT/CEO 4052090291 2025-11-03 1 1 MATTHEW PETROSKI P00853132 9726611843 2025-10-31 2024 2025-03-06 01:10:19Z JAMES M CHANCE 1500 WATERS RIDGE DR 100 LEWISVILLE TX 75057 215279684 0 X N/A X 2009 TX PRESERVATION FREEHOLD COMPANY IS A PUBLIC CHARITY ORGANIZED FOR THE PURPOSE (CONTINUED ON SCHEDULE O) OF RELIEVING THE DISTRESSED THROUGH THE PROVISION OF HOUSING DESIGNED SPECIFICALLY TO ACCOMMODATE AND ADDRESS CERTAIN PHYSICAL, SOCIAL, AND CIVIC NEEDS OF THE ELDERLY, WHILE PROMOTING THE CONTINUED DIGNITY AND WELL-BEING OF ITS RESIDENTS. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, BUT NOT BY WAY OF LIMITATION THEREOF, THE CORPORATION SHALL CARRY OUT THESE PURPOSES PRIMARILY BY OWNING AND OPERATING, EITHER DIRECTLY OR THROUGH AFFILIATED ENTITIES, NONPROFIT HEALTH CARE FACILITIES AND SENIOR LIVING COMMUNITIES. 4 3 5587 3 0 0 4632936 1418620 197430832 210130413 3100487 3383901 320545 346750 205484800 215279684 0 0 0 0 110530831 114429215 0 0 0 108052278 107718603 218583109 222147818 -13098309 -6868134 566365962 561000473 600515423 602018068 -34149461 -41017595 X SEE SCHEDULE O FOR THE ORGANIZATION'S DEFINED MISSION STATEMENTPRESERVATION FREEHOLD COMPANY IS A PUBLIC CHARITY ORGANIZED FOR THE PURPOSE OF RELIEVING THE DISTRESSED THROUGH THE PROVISION OF HOUSING DESIGNED SPECIFICALLY TO ACCOMMODATE AND ADDRESS CERTAIN PHYSICAL, SOCIAL, AND CIVIC NEEDS OF THE ELDERLY, WHILE PROMOTING THE CONTINUED DIGNITY AND WELL-BEING OF ITS RESIDENTS. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, BUT NOT BY WAY OF LIMITATION THEREOF, THE CORPORATION SHALL CARRY OUT THESE PURPOSES PRIMARILY BY OWNING AND OPERATING, EITHER DIRECTLY OR THROUGH AFFILIATED ENTITIES, NONPROFIT HEALTH CARE FACILITIES AND SENIOR LIVING COMMUNITIES. 0 0 197916523 210477163 PRESERVATION FREEHOLD COMPANY, A PUBLIC CHARITY ORGANIZED FOR THE PURPOSE OF RELIEVING THE DISTRESSED THROUGH THE PROVISION OF HOUSING DESIGNED SPECIFICALLY TO ACCOMMODATE AND ADDRESS CERTAIN PHYSICAL, SOCIAL, AND CIVIC NEEDS OF THE ELDERLY, WHILE PROMOTING THE CONTINUED DIGNITY AND WELL-BEING OF ITS RESIDENTS, OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, CARRIED OUT THESE PURPOSES PRIMARILY BY OWNING AND OPERATING, EITHER DIRECTLY OR THROUGH AFFILIATED ENTITIES, NONPROFIT HEALTH CARE FACILITIES AND SENIOR LIVING COMMUNITIES. 197916523 1 1 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1119 0 1 5587 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X JAMES M CHANCE 2147252837 1500 WATERS RIDGE DR 100 LEWISVILLE TX 75057 JAMES CHANCE PRESIDENT & CEO 40.00 X X 159962 0 19803 THOMAS E LANGDON SECRETARY AND TREASURER 1.00 X X 0 0 0 DANA ARNETTE BOARD MEMBER 1.00 X 0 0 0 DARREL MCGEHEE BOARD MEMBER 1.00 X 0 0 0 GIBSON VERNON FACILITY EMPLOYEE 40.00 X 231084 0 33670 LEE SUDBECK FACILITY EMPLOYEE 40.00 X 263104 0 41346 EDWARD FOSAM FACILITY EMPLOYEE 81.84 X 233500 0 19041 SELINA MENSAH FACILITY EMPLOYEE 83.56 X 221813 0 0 JOHN FONANG FACILITY EMPLOYEE 40.00 X 197682 0 0 1307145 0 113860 76 0 1 0 STONEGATE SENIOR LIVING LLC 1500 WATERS RIDGE DRIVE STE 200 LEWISVILLE TX 75057 MANAGEMENT COMPANY 20577582 REHAB PRO 17521 US HWY 69 SOUTH STE 120 TYLER TX 75703 THERAPY SERVICES 7417787 SHIFTKEY LLC 14800 FRY ROAD 2ND FLOOR FORT WORTH TX 76155 NURSE STAFFING SERVICE 858834 LIFETIME WELLNESS 17521 US HWY 69 SOUTH STE 120 TYLER TX 75703 THERAPY SERVICES 640085 COLLAIN HEALTHCARE 33313 COLLECTION CENTER DRIVE CHICAGO IL 60693 ACCOUNTING SERVICES 383415 16 1418470 150 1418620 ROOM & BOARD 624200 122769921 122769921 MEDICAL SERVICES 624100 60918462 60918462 RENTAL INCOME 531110 22779390 22779390 MANAGEMENT FEES 561000 3662640 3662640 210130413 3383901 3383901 MISCELLANEOUS INCOME 900099 346750 346750 346750 215279684 210477163 0 3383901 172851 172851 102916230 96419451 6496779 3172657 2896725 275932 8167477 7817093 350384 14838951 14838951 470262 470262 194787 194787 18405099 18405099 146553 146553 1826574 1612528 214046 1351731 1351731 10254755 8756703 1498052 80590 37630 42960 101350 101350 32792259 32792259 16856541 16856541 4419221 4419221 DIETARY 3190844 3190844 BAD DEBT EXPENSE 2238959 2238959 ACTIVITIES & TRANSPORTA 199487 199487 NURSING 181773 181773 168867 168867 222147818 197916523 24231295 0 14765468 14873667 69154784 75264422 10000745 12076630 1483745 1745517 507182363 59522857 459290965 447659506 11670255 9380731 566365962 561000473 27264449 29525204 885011 1049472 502850000 502405000 64829856 65055319 4686107 3983073 600515423 602018068 X 0 0 0 0 -34149461 -41017595 -34149461 -41017595 566365962 561000473 -6868134 0 X 0 0 0 X 208379 6771272 11542542 4632936 1418620 24573749 11442750 92723245 196643419 197430832 210130413 708370659 11651129 99494517 208185961 202063768 211549033 732944408 0 0 0 732944408 3764 632107 3100487 3383901 7120259 3764 632107 3100487 3383901 7120259 55392 237070 194927 320545 346750 1154684 11706521 99735351 209012995 205484800 215279684 741219351 0.98880 0.99140 0.00960 0.00710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29045784 29045784 448224682 47365334 400859348 8529796 810967 7718829 18526734 10903052 7623682 2855367 443504 2411863 447659506 DUE TO OWNER 28186 CAPITAL LEASES 3883240 INSURANCE 71647 3983073 X X X X X 0 0 0 0 1 0 0 1 0 LEE SUDBECK FACILITY EMPLOYEE 195367 0 67545 0 192 0 0 0 41346 0 304450 0 0 0 GIBSON VERNON FACILITY EMPLOYEE 206762 0 23875 0 447 0 0 0 33670 0 264754 0 0 0 EDWARD FOSAM FACILITY EMPLOYEE 233300 0 200 0 0 0 0 0 19041 0 252541 0 0 0 SELINA MENSAH FACILITY EMPLOYEE 216063 0 5750 0 0 0 0 0 0 0 221813 0 0 0 JOHN FONANG FACILITY EMPLOYEE 146529 0 51054 0 99 0 0 0 0 0 197682 0 0 0 JAMES CHANCE PRESIDENT & CEO 158668 0 0 0 1294 0 0 0 19803 0 179765 0 0 0 PART I, LINE 5 SOME FACILITY EMPLOYEES HAVE BONUS PLANS BASED ON THE FINANCIAL METRICS/EBITDAR OF THEIR SINGLE MEMBER LLC'S, WHILE OTHERS HAVE A COMBINATION OF FINANCIAL AND NON-FINANCIAL METRICS. NO BONUSES WERE BASED ON ANY "REVENUE SHARING ARRANGEMENTS." PART I, LINE 7 IN 2024, THE THREE ADMINISTRATORS WHO QUALIFIED AS TOP FIVE COMPENSATED EMPLOYEES RECEIVED BONUSES BASED ON AN ESTABLISHED BONUS PLAN MEASURED QUARTERLY. A NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 64542PGC3 2021-09-23 502850000 FINANCE THE PURCHASE OF SKILLED NURSING & ASSISTED LIVING FACILITIES 0 0 0 A 509906420 31380101 7056420 4877313 108204335 358388251 2021 0 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 A 0 SCH K PART II LINE 3: LINE 3 INCLUDES CUMULATIVE INVESTMENT EARNINGS OF $7,056,420. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A COMPLETE COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, OFFICER, AND KEY EMPLOYEE IS PROVIDED WITH A WRITTEN COPY OF THE CONFLICT OF INTEREST POLICY AND IS REQUIRED TO PROVIDE AN ANNUAL CONFLICT OF INTEREST STATEMENT AND TO FULLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST. INDIVIDUALS WITH ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WILL ABSTAIN FROM DISCUSSING OR VOTING ON ANY MATTER RELATED TO THE CONFLICT. DISINTERESTED DIRECTORS WILL THEN CONSIDER THE MATTER AND VOTE ON WHETHER TO PROCEED DESPITE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 ON MARCH 13, 2020, THE BOARD APPROVED FORMATION OF AN EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE TO EVALUATE PERFORMANCE, OBTAIN RESEARCH AND INFORMATION, AND MAKE RECOMMENDATIONS CONCERNING COMPENSATION OF DIRECTORS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE CEO. 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