2025-08-05T14:48:00-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 20 STANWIX STREET PITTSBURGH PA 15222 990 2024-01-01 454024593 THE VILLAGE AT PROVIDENCE POINT INC VILL 3013542710 5275 WESTVIEW DRIVE 110 FREDERICK MD 21703 CYNTHIA WALTERS PRESIDENT AND CEO 3013542710 2025-08-04 1 1 KELLY A BROCIOUS CPA P01254262 4126976400 2025-08-04 2024 2025-03-06 01:10:19Z X CYNTHIA WALTERS 5275 WESTVIEW DRIVE 110 FREDERICK MD 21703 99216 0 X WWW.THEVILLAGEATPROVIDENCEPOINT.ORG X 2014 MD WILL PROVIDE INDEPENDENT LIVING APARTMENTS, COTTAGES AND HEALTH CARE SUITES TO OLDER ADULTS. 4 3 0 3 0 0 400 300 10800 98916 40403 0 0 0 51603 99216 0 0 0 0 490207 509470 0 0 0 1781763 1057582 2271970 1567052 -2220367 -1467836 35769046 40129266 51724085 57552141 -15955039 -17422875 THE ORGANIZATION HONORS, INSPIRES AND SUPPORTS CHOICE AND OPPORTUNITY IN PARTNERSHIP WITH OLDER ADULTS. 0 0 1245769 98916 THE VILLAGE AT PROVIDENCE POINT WAS FORMED TO ACQUIRE, DEVELOP AND OPERATE PROPERTY LOCATED IN ANNAPOLIS, MARYLAND, AS A CONTINUING CARE RETIREMENT COMMUNITY TO SUPPORT THE MISSION OF NATIONAL LUTHERAN, INC. 1245769 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X X DONNA CASNER 3013542710 5275 WESTVIEW DRIVE SUITE 110 FREDERICK MD 21703 JOHN WERTZ JR CHAIR 1.00 X X 0 0 0 MICHAEL BRADY VICE CHAIR 1.00 X X 0 0 0 CHAPLIN PAULA THISTLE BOARD MEMBER 1.00 X 0 0 0 CYNTHIA WALTERS PRESIDENT/CEO 5.00 35.00 X X 0 466897 31093 DONNA CASNER VICE PRESIDENT FINANCE 5.00 35.00 X 0 221190 18427 0 688087 49520 0 0 1 0 0 300 300 RESIDENT CANCELLATION 623000 89616 89616 ENTRANCE FEES 623000 9300 9300 98916 99216 98916 0 0 417091 333673 83418 15718 12574 3144 46758 37406 9352 29903 23922 5981 9840 9840 100911 80729 20182 455891 364713 91178 7313 5850 1463 270076 216061 54015 272 218 54 177462 141970 35492 6683 5346 1337 DUES & SUBSCRIPTIONS 23433 18746 4687 FOOD 4490 3592 898 REPAIRS & MAINTENANCE 1211 969 242 1567052 1245769 321283 0 18585 42288 26323245 177462 23927781 26145783 11474433 13238319 348247 702876 35769046 40129266 743009 1104343 9367946 9500000 41613130 46947798 51724085 57552141 X -15961539 -17429675 6500 6800 -15955039 -17422875 35769046 40129266 -1467836 0 X 0 1 X 1 0 X 0 0 7100 400 300 7800 0 0 2300 51203 98916 152419 9400 51603 99216 160219 0 0 0 160219 9400 51603 99216 160219 1.00000 1.00000 0.00000 0.00000 X 549392 146505 402887 116089 30957 85132 25657764 25657764 26145783 DUE TO AFFILIATES 34576865 RESIDENT DEPOSITS 12370933 46947798 X 99216 0 99216 0 99216 1567052 0 1567052 0 1567052 PART X, LINE 2: TVPP IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND HAS BEEN RECOGNIZED AS TAX EXEMPT UNDER SECTION 501(A) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE AN ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY TVPP AND RECOGNIZE A TAX LIABILITY OR ASSET IF TVPP HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICES (IRS). TVPP HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. GENERALLY, TAX RETURNS FOR YEARS ENDED DECEMBER 31, 2021, AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. 0 0 0 0 0 0 0 1 0 CYNTHIA WALTERS PRESIDENT/CEO 0 440313 0 25000 0 1584 0 13339 0 17754 0 497990 0 0 DONNA CASNER VICE PRESIDENT FINANCE 0 209997 0 10641 0 552 0 8169 0 10258 0 239617 0 0 PART I, LINE 3 THE ORGANIZATION'S CEO IS PAID BY NATIONAL LUTHERAN, INC. NATIONAL LUTHERAN, INC. USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 7 BONUS COMPENSATION IS PAID IN ACCORDANCE WITH THE ORGANIZATION'S COMPENSATION PHILOSOPHY POLICY, WHICH INCLUDES OPTIONS SUCH AS DISCRETIONARY AND SPOT BONUSES BASED ON INDIVIDUAL OR COMPANY PERFORMANCE. FORM 990, PART VI, SECTION A, LINE 3 NATIONAL LUTHERAN, INC. (EIN 47-2584315), THE PARENT ENTITY, PROVIDES FINANCIAL AND MANAGEMENT FUNCTIONS FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 NATIONAL LUTHERAN, INC. IS THE SOLE MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL LUTHERAN, INC., THE SOLE MEMBER OF THE VILLAGE AT PROVIDENCE POINT, INC., HAS THE RIGHT TO VOTE AND ELECT MEMBERS OF THE FILING ORGANIZATION'S BOARD OF TRUSTEES. THE MEMBER ALSO RESERVES THE RIGHT TO REMOVE ANY TRUSTEE WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7B APPROVAL OF THE FOLLOWING MATTERS IS RESERVED EXCLUSIVELY TO THE MEMBERSHIP. THE MEMBERSHIPMAY INITIATE AND IMPLEMENT ANY PROPOSAL WITH RESPECT TO ANY OF THE FOLLOWING AND, IF ANY PROPOSAL WITH RESPECT TO ANY OF THE FOLLOWING IS OTHERWISE INITIATED, IT SHALL NOT BECOME EFFECTIVE UNLESS APPROVED BY THE MEMBERSHIP. A. APPROVAL OF THE ROLE AND/OR MISSION STATEMENT, IF ANY; B. APPROVAL OF OPERATING AND CAPITAL BUDGETS; C. APPROVAL OF AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; D. APPROVAL OF ALL EXPENDITURES, CONTRACTS OR THE INCURRENCE OF DEBT IN EXCESS OF $100,000.00 THAT HAVE NOT BEEN INCLUDED IN AN APPROVED OPERATING OR CAPITAL BUDGET; E. APPROVAL OF AND RECOMMENDATIONS FOR THE FORMATION OF LEGAL ENTITIES, THE SALE, TRANSFER OR SUBSTANTIAL CHANGE IN USE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS, DIVESTITURES, DISSOLUTIONS, CLOSURES, MERGERS, CONSOLIDATIONS, OR CHANGES IN CORPORATE MEMBERSHIP; F. LIQUIDATION, DISSOLUTION, WINDING UP OR ABANDONMENT OF THE CORPORATION; G. APPROVAL OF STRATEGIC PLANS; H. SELECTION OF THE CORPORATION'S EXECUTIVE DIRECTOR; I. SELECTION OF THE AUDITOR FOR THE CORPORATION; J. APPROVAL OF ALL DECISIONS REGARDING THE MANAGEMENT OF THE CORPORATION'S INVESTMENT PORTFOLIO. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE DEPARTMENT STAFF OF THE PARENT, NATIONAL LUTHERAN, INC. PERFORMS AN INITIAL REVIEW OF THE FORM 990. UPON APPROVAL, THE FORM 990 IS MADE AVAILABLE TO EACH BOARD MEMBER FOR REVIEW AND APPROVAL AT A BOARD MEETING PRIOR TO TRANSMISSION OF THE RETURN TO THE IRS. NATIONAL LUTHERAN, INC.'S BOARD WILL RECEIVE A COPY OF THE RETURN PRIOR TO THE IRS FILING AS WELL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. IF A CONFLICT IS IDENTIFIED, IT IS 1) IDENTIFIED AND DISCUSSED WITH THE BOARD AND 2) REVIEWED AND DOCUMENTED BY MANAGEMENT. IF AN ACTUAL OR POTENTIAL CONFLICT IS IDENTIFIED, THE BOARD MEMBER, OFFICER, OR EMPLOYEE WILL RECUSE HIM OR HERSELF FROM ANY CONVERSATIONS, DECISIONS, OR OTHER ACTIVITIES AND DISCUSSIONS INVOLVING THE CONFLICT. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE CONFLICT OF INTEREST POLICY AS POTENTIAL SOURCES OF CONFLICTS WITH INTERESTED PERSONS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO IS PAID BY NATIONAL LUTHERAN, INC. (NLI). NLI'S BOARD DETERMINES THE COMPENSATION FOR THE CEO THROUGH THE COMBINED USE OF SEVERAL METHODS. THE NLI EXECUTIVE COMMITTEE SERVES AS A COMPENSATION COMMITTEE WHICH OVERSEES THE PROCESS. THE CEO, EXECUTIVE DIRECTOR, AND VICE PRESIDENT OF TALENT & CULTURE USE SALARY SURVEYS TO DETERMINE THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES TO ASSURE THEY ARE WITHIN THE LOCAL MARKET RANGE. THE SERVICES THE INDIVIDUAL PROVIDES TO THE ORGANIZATION AND THE TENURE OF THE OFFICER ARE ALSO FACTORS CONSIDERED IN SALARY DETERMINATIONS. ONCE THE EXECUTIVE COMMITTEE GIVES ITS APPROVAL, ITS DECISIONS ARE NOTED AT THE BOARD LEVEL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND AT NO COST. NATIONAL LUTHERAN HOME FOR THE AGED INC 5275 WESTVIEW DRIVE SUITE 110 FREDERICK MD 21703 262222476 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 12A, I NATIONAL LUTHERAN INC 0 THE VILLAGE AT ROCKVILLE INC 9701 VEIRS DRIVE ROCKVILLE MD 20850 530196624 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL LUTHERAN INC 0 THE VILLAGE AT ORCHARD RIDGE INC 400 CLOCKTOWER RIDGE DRIVE WINCHESTER VA 22603 263445374 CONTINUING CARE RETIREMENT COMMUNITY VA 501(C)(3) LINE 10 NATIONAL LUTHERAN INC 0 THE LEGACY AT NORTH AUGUSTA INC 1410 A NORTH AUGUSTA STREET STAUNTON VA 24401 452857307 RESIDENTAL CARE AND ASSISTED LIVING FACILITY VA 501(C)(3) LINE 10 NATIONAL LUTHERAN INC 0 NATIONAL LUTHERAN INC 5275 WESTVIEW DRIVE SUITE 110 FREDERICK MD 21703 472584315 CORPORATE OVERSIGHT MD 501(C)(3) LINE 10 N/A 0 AUGSBURG LUTHERAN HOME OF MARYLAND INC 5275 WESTVIEW DRIVE SUITE 110 FREDERICK MD 21703 520696196 CHARITABLE SUPPORT TO PERSONS RESIDING IN THE GREATER BALTIMORE AREA MD 501(C)(3) LINE 7 NATIONAL LUTHERAN INC 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 1 1 0 1 1