2025-11-15T20:27:53-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-01-01 133695648 THE WARTBURG RESIDENTIAL COMMUNITY INC WART 9146990800 WARTBURG PLACE MOUNT VERNON NY 10552 DAVID GENTNER PRESIDENT/CEO 9146990800 2025-11-15 1 1 MELISSA MODELSON P01603524 9143818900 2025-11-15 2024 2025-03-06 01:10:19Z DAVID GENTNER WARTBURG PLACE MOUNT VERNON NY 10552 356788 0 X WWW.WARTBURG.ORG X 1992 NY TO PROVIDE HEALTH CARE AND LIVING ASSISTANCE TO THE ELDERLY IN THEIR HOMES. 14 14 0 15 0 0 0 0 1564515 40293 1049157 48019 15390 261227 2629062 349539 0 0 0 0 0 0 0 0 0 2686263 963579 2686263 963579 -57201 -614040 7842709 7655809 2071521 2498661 5771188 5157148 THE WARTBURG RESIDENTIAL COMMUNITY, INC. WAS A LICENSED HOME CARE SERVICE AGENCY THAT PROVIDED ASSISTANCE TO THE ELDERLY IN THE HOME SETTING AND IS LOCATED IN MOUNT VERNON, NEW YORK. 0 0 0 0 40293 THE WARTBURG RESIDENTIAL COMMUNITY WAS A LICENSED HOME CARE SERVICES AGENCY THAT PROVIDED TEMPORARY OR ONGOING ASSISTANCE AT HOME TO PEOPLE WITH PERSONAL CARE OR OTHER HEALTH-RELATED NEEDS. EACH PERSON RECEIVED INDIVIDUALLY TAILORED PLAN OF CARE IN CONSULTATION WITH THE PATIENT, FAMILY AND PHYSICIAN. IN SEPTEMBER 2023, THE ORGANIZATION SOLD SUBSTANTIALLY ALL OF ITS ASSETS AND CLOSED OPERATIONS TO AN UNRELATED BUYER. 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 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 1 0 0 0 1 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X JOSEPH SESSA 9146990800 WARTBURG PLACE MOUNT VERNON NY 10552 ROBERT RANIERI CHAIR 0.50 3.50 X X 0 0 0 MICHAEL HOLDEN VICE CHAIR 0.50 3.50 X X 0 0 0 FLOYD V MYERS VICE CHAIR 0.50 3.50 X X 0 0 0 THOMAS A ROTH SECRETARY 0.50 3.50 X X 0 0 0 MARGARET ANDERSON BOARD MEMBER 0.50 3.50 X 0 0 0 ANDREA ANSORGE BOARD MEMBER 0.50 3.50 X 0 0 0 REV ROBERT BOEHLER BOARD MEMBER 0.50 3.50 X 0 0 0 REV SARAH PAYNE BROWN BOARD MEMBER 0.50 3.50 X 0 0 0 MAE R CARPENTER BOARD MEMBER 0.50 3.50 X 0 0 0 JULIET GRAHAM BOARD MEMBER 0.50 3.50 X 0 0 0 NANCY HARDY BOARD MEMBER THRU AUG 2024 0.50 3.50 X 0 0 0 EAMON KELLY BOARD MEMBER 0.50 3.50 X 0 0 0 PHILIP ROTHMAN BOARD MEMBER 0.50 3.50 X 0 0 0 BONNIE SCHWARTZ BOARD MEMBER 0.50 3.50 X 0 0 0 JUDY WILLIAMS-DAVIS BOARD MEMBER 0.50 3.50 X 0 0 0 DAVID J GENTNER PRESIDENT 3.73 31.27 X 0 522110 90025 JOSEPH SESSA CHIEF FINANCIAL OFFICER 3.73 31.27 X 0 286224 31020 ROBERT WELSER CIO 1.13 33.87 X 0 182593 5508 0 990927 126553 0 0 1 0 0 RENTAL INCOME 531110 40293 40293 40293 48019 48019 111717 7249 104468 104468 104468 BAD DEBTS RECOVERY 900099 156759 156759 156759 349539 40293 0 309246 16995 16995 17002 17002 9588 9588 28040 28040 10510 10510 109132 109132 907 907 298 298 127824 127824 ALLOCATION OF ADMIN & S 372284 372284 ALLOCATED PAYROLL AND B 232706 232706 ALLOCATION OF FRINGE BE 37666 37666 NYS CASH RECEIPTS ASSES 627 627 963579 0 963579 0 1200 1200 105026 927 9576 18386 9310060 7090506 2325572 2219554 5401335 5415742 7842709 7655809 538895 391101 87499 87499 8910 8910 1436217 2011151 2071521 2498661 X 5771188 5157148 0 0 5771188 5157148 7842709 7655809 -614040 0 X X 0 1 X 1 0 X 3245309 2822610 2532752 1564515 40293 10205479 3245309 2822610 2532752 1564515 40293 10205479 0 35293 35293 35293 35293 10170186 43948 47311 49307 66997 159736 367299 43948 47311 49307 66997 159736 367299 156759 156759 3289257 2869921 2582059 1631512 356788 10729537 0.94790 0.98130 0.03420 0.01870 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BAD DEBTS RECOVERY - 2024 AMOUNT: $ 156,759. 0 1 X 204401 204401 7751979 6176051 1575928 20322 20322 0 305238 300701 4537 1028120 593432 434688 2219554 DEVELOPMENT FEE RECEIVABLE 60394 RENT RECEIVABLE 463369 ACCRUED INTEREST RECEIVABLE 527411 DUE FROM AFFILIATED COMPANIES 4364568 5415742 DUE TO AFFILIATED COMPANIES 1961151 DUE TO THIRD PARTY PAYORS 50000 2011151 X 356788 7249 7249 349539 0 349539 970828 7249 7249 963579 0 963579 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR RENTAL SPACE TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE SPACE. PART X, LINE 2: THE RESIDENTIAL COMMUNITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE RESIDENTIAL COMMUNITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE RESIDENTIAL COMMUNITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE REPORTED ON PART VIII, LINE 6B 7,249. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE REPORTED ON PART VIII, LINE 6B 7,249. 0 0 0 0 0 0 0 0 0 DAVID J GENTNER PRESIDENT 0 491458 0 20000 0 10652 0 5274 0 84751 0 612135 0 0 JOSEPH SESSA CHIEF FINANCIAL OFFICER 0 277572 0 0 0 8652 0 2892 0 28128 0 317244 0 0 ROBERT WELSER CIO 0 180101 0 0 0 2492 0 1824 0 3684 0 188101 0 0 PART I, LINE 3 COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY THE WARTBURG HOME OF THE EVANGELICAL LUTHERAN CHURCH. THE WARTBURG ALIGNS ITS COMPENSATION PHILOSOPHY WITH THE OVERALL MISSION AND BUSINESS STRATEGY OF THE ORGANIZATION. EMPLOYEES ARE COMPENSATED FAIRLY WITHOUT REGARD TO AGE, SEX, RACE, COLOR, RELIGION, CREED, NATIONAL ORIGIN, DISABILITY (INCLUDING PREGNANCY DISABILITY), VETERAN OR MILITARY STATUS, MARITAL STATUS, SEXUAL ORIENTATION, CITIZENSHIP STATUS, IN ACCORDANCE WITH ALL APPLICABLE LAWS AND REGULATIONS, AND AS OUTLINED IN HUMAN RESOURCE POLICY. THE COMPENSATION PHILOSOPHY IS DESIGNED TO PROVIDE COMPETITIVE COMPENSATION POSITIONING COMPARED TO PEER GROUPS/OTHER HEALTHCARE ORGANIZATIONS SIMILAR IN SIZE AND PROGRAM OFFERING. IT CONSIDERS EXTERNAL MARKET DATA AGAINST INTERNAL STRUCTURE, RECOGNIZES THE UNIQUE RELATIVE VALUE OF EACH FUNCTION, REWARDS, INDIVIDUAL PERFORMANCE, WHILE BEING FINANCIALLY SUSTAINABLE OVER TIME. IT IS REVIEWED ON AN AS NEEDED BASIS BY WARTBURG'S PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD AND IS SUBJECT TO SUCH BUDGETARY CONSIDERATIONS AS BUSINESS CONDITIONS MAY CREATE. THE WARTBURG HAS ENGAGED THE SERVICES OF ASTRON SOLUTIONS, A NATIONAL EMPLOYEE COMPENSATION AND BENEFITS FIRM, TO REVIEW EXECUTIVE AND SENIOR MANAGEMENT COMPENSATION. DATA USED IN DETERMINING MARKET MID RANGE IS DERIVED FROM REPORTS ISSUED BY ASTRON USING REPUTABLE TOP-TIER SURVEY HOUSES AS WELL AS LOCAL, INDUSTRY, AND ASSOCIATION SPECIFIC SOURCES. WORLD AT WORK STANDARDS ARE FOLLOWED IN THE SELECTION AND USE OF THE COMPENSATION SURVEYS TO ASSURE RELIABILITY AND VALIDITY OF DATA SOURCES. IN ADDITION, MARKET DATA IS MATCHED AGAINST JOB CONTENT AND DESCRIPTIONS, NOT JOB TITLES, AND BY THE USE OF WARTBURG'S JOB FACTOR ANALYSIS TOOL. EXEMPTION DECISIONS ARE MADE IN ACCORDANCE WITH FAIR LABOR STANDARD ACT REQUIREMENTS. IT IS OUR ORGANIZATION'S DESIRE TO PAY A COMPETITIVE BASE SALARY ALIGNED TO MARKET VALUE AND TO OFFER A COMPENSATION PACKAGE WHICH INTEGRATES OTHER TOTAL COMPENSATION OFFERINGS SUCH AS PAID TIME OFF, HEALTH COVERAGE, TUITION REIMBURSEMENT, ETC. "COMPETITIVE" IS DEFINED AS MARKET 50TH PERCENTILE. MARKET PARITY/MID RANGE DECISIONS ARE BASED ON FACTORS SUCH AS EDUCATION, SUBJECT EXPERTISE, LEVEL OF PERFORMANCE, AS WELL AS LEVEL OF STRATEGIC IMPACT/VALUE TO THE LONG-TERM GOALS OF THE ORGANIZATION. AS BUSINESS CONDITIONS WARRANT AND BASED ON THE STRATEGIC NEEDS OF THE ORGANIZATION, WITH BOARD APPROVAL, AN EMPLOYEE'S BASE SALARY MAY BE SUPPLEMENTED WITH INCENTIVE-BASED PAY AND/OR OTHER TOTAL COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS WARTBURG-MT. VERNON INC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF THE CORPORATION ARE ELECTED BY THE SOLE MEMBER, WARTBURG-MT. VERNON INC., AT THE ANNUAL MEETING OF THE MEMBER. IN ADDITION, VACANCIES OCCURING ON THE BOARD OF DIRECTORS OF THE CORPORATION, FOR ANY REASON, MAY ONLY BE FILLED BY THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B ANY DIRECTOR OF THE CORPORATION MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE, BY ACTION OF A MAJORITY OF THE ENTIRE BOARD OF DIRECTORS OF THE MEMBER. IN ADDITION, ACTION BY THE VOTE OF AT LEAST TWO-THIRDS OF THE ENTIRE BOARD OF DIRECTORS OF THE CORPORATION AND BY THE CONCURRING VOTE OF TWO-THIRDS OF THE ENTIRE BOARD OF DIRECTORS OF THE MEMBER AT THEIR ANNUAL MEETING, REGULAR MEETING, OR SPECIAL MEETING HELD UPON NOTICE OF THE PROPOSED ACTION SHALL BE REQUIRED FOR: - AMENDMENT OF THE CERTIFICATE OF INCORPORATION OF THE CORPORATION - AMENDMENT OF THE BY-LAWS OF THE CORPORATION - THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION - MERGER OR CONSOLIDATION OF THE CORPORATION IN ACCORDANCE WITH ARTICLE IX OF THE NOT-FOR-PROFIT CORPORATION LAW - NON-JUDICIAL DISSOLUTION OF THE CORPORATION IN ACCORDANCE WITH ARTICLE X OF THE NOT-FOR-PROFIT CORPORATION LAW - AUTHORIZATION FOR AMENDMENT OF THESE BY-LAWS TO PROVIDE THAT THE QUORUM OR VOTING REQUIREMENT FOR THE TRANSACTION OF ANY ITEM OF BUSINESS BE GREATER THAN THAT WHICH IS REQUIRED BY THE NOT-FOR-PROFIT CORPORATION LAW FORM 990, PART VI, SECTION B, LINE 11B THE WARTBURG RESIDENTIAL COMMUNITY INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY TO ASSURE A UNIFORM POLICY EXISTS FOR COVERED PERSONS AND THAT EFFECTIVE COMMUNICATION AND DECISION MAKING COURSE REGARDING POTENTIAL CONFLICTS OF INTEREST. COVERED PERSONS, AS DEFINED BY THE POLICY, REFERS TO DIRECTORS AND OFFICERS OF THE ORGANIZATION, AS WELL AS EMPLOYEES, CONSULTANTS AND OTHER PERSONS WHO MAY BE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE ORGANIZATION?S AFFAIRS. ANNUALLY, COVERED PERSONS ARE REQUIRED TO COMPLETE A FORM "QUESTIONNAIRE CONCERNING FINANCIAL INTERESTS AND AFFIRMATION RE: CONFLICT OF INTEREST POLICY". POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD OF DIRECTORS OR AN APPROPRIATE COMMITTEE OF THE BOARD. PERSONS IDENTIFIED WITH A CONFLICT MAY BE EXCLUDED FROM VOTING ON/MAKING A DECISION REGARDING A TRANSACTION/ARRANGEMENT WHICH CREATES THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND FORM 1023 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. 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