2025-10-16T14:53:57-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 475 REGENCY PARK SUITE 175 OFALLON IL 62269 990 2024-01-01 237302390 KANSAS CITY UNITED METHODIST RETIREMENT HOME INC KANS 8169420994 10000 WORNALL ROAD KANSAS CITY MO 64114 SERGIO DEL PINO EXECUTIVE DIRECTOR 8169420994 2025-10-15 1 0 ERIKA MARTINEZ P02297196 6182331200 2025-10-15 2024 2025-03-06 01:10:19Z KINGSWOOD SERGIO DEL PINO 10000 WORNALL ROAD KANSAS CITY MO 64114 22109656 0 X WWW.KINGSWOODRETIREMENTLIVING.COM X 1972 MO PROVIDE RESIDENTAL & HEALTH CARE FACILITIES & SERVICES FOR OLDER ADULTS & DISABLED PERSONS. 11 11 361 16 0 0 164585 482948 19148557 21035798 320674 411763 175061 161403 19808877 22091912 31770 40144 0 0 10023689 11649596 0 0 0 14730784 14908215 24786243 26597955 -4977366 -4506043 48399759 46819232 88311186 90276050 -39911427 -43456818 TO WELCOME OLDER ADULTS AND DISABLED PERSONS WITH OPPORTUNITIES TO ENRICH THEIR LIVES WITH EXCELLENT RESIDENTIAL AND HEALTHCARE SERVICES OFFERED IN A SAFE, LOVING AND CARING COMMUNITY. A MINISTRY OF THE UNITED METHODIST CHURCH. 0 0 21730323 40144 21035798 KINGSWOOD, A MINISTRY OF THE UNITED METHODIST CHURCH, MAINTAINS 145 APARTMENTS, 65 BEDS IN THE HEALTH CENTER, 34 ASSISTED LIVING APARTMENTS, 23 MEMORY CARE BEDS AND 65 VILLA HOMES. THE HEALTH CENTER IS LICENSED BY THE STATE OF MISSOURI AS A SKILLED NURSING FACILITY. KINGSWOOD AVERAGES AROUND 300 RESIDENTS ON THE 33 ACRE CAMPUS. SERVICES PROVIDED BY KINGSWOOD INCLUDE MEALS, HOUSEKEEPING, LAUNDRY, UTILITIES, MAINTENANCE, LIGHTED PARKING, RELIGIOUS/SOCIAL PROGRAMMING, SECURITY, ADMINISTRATIVE SERVICES, LOUNGES, CRAFT AREAS, TRANSPORTATION, PERSONAL CARE ASSISTANCE, REHABILITATITVE THERAPY, A CHAPEL, A LIBRARY, A COMPUTER LAB, BEAUTY AND BARBER SALON, GIFT SHOP, OUTDOOR PATIOS AND WALKING AREAS. 21730323 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 38 0 361 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MAI SIMMONS 8164423255 10000 WORNALL ROAD KANSAS CITY MO 64114 RICHARD LANE DIRECTOR (TERM ENDED) 0.50 0.50 X 0 0 0 KELLY SIZEMORE DIRECTOR (TERM ENDED) 1.00 0.00 X 0 0 0 JOANNE KELLEY SECRETARY 1.00 0.00 X X 0 0 0 ROBERT ADAMS DIRECTOR 0.50 0.50 X 0 0 0 SCOTT CORBIN DIRECTOR (TERM ENDED) 1.00 0.00 X 0 0 0 RUTHANNE PHILLIPS DIRECTOR (TERM ENDED) 0.50 0.50 X 0 0 0 ELVA NEEDLES DIRECTOR 1.00 0.00 X 0 0 0 JOHN YOUNGER TREASURER 0.50 0.50 X X 0 0 0 JUDY VICKERY DIRECTOR (TERM ENDED) 1.00 0.00 X 0 0 0 JANET BAKER CHAIR 1.00 0.00 X X 0 0 0 STEVE DEWILDE DIRECTOR 0.50 0.00 X 0 0 0 DONALD LADWIG CHAIR 1.00 0.00 X X 0 0 0 LUANN PETERSON DIRECTOR 0.50 0.00 X 0 0 0 CHARLES PIRKLE DIRECTOR 0.50 0.00 X 0 0 0 BILL WEBB DIRECTOR 0.50 0.00 X 0 0 0 VICKIE WOLVERTON DIRECTOR 0.50 0.50 X 0 0 0 SERGIO DEL PINO EXECUTIVE DIRECTOR 40.00 1.00 X 0 0 0 MAI SIMMONS DIRECTOR OF FINANCE 40.00 1.00 X 123604 0 9384 123604 0 9384 1 0 0 0 GREYSTONE COMMUNITIES 220 E LAS COLINAS BLVD STE 1000 IRVING TX 75039 MANAGEMENT/DEVELOPMENT 588417 QUALITY CARE REHAB 8477 S SUNCOAST BLVD HOMOSASSA FL 34446 THERAPY 557378 VARSITY 532 NORTH FRONT STREET STE 200 WORMIEYSBURG PA 17043 DIGITAL MARKETING 454988 SQUIRE'S CONSTRUCTION 23230 NW PINK HILL RD BLUE SPRINGS MO 64015 RENOVATIONS 327427 4 57642 8721 416585 403070 482948 RESIDENT REVENUE 623000 21035798 21035798 21035798 348539 348539 63224 63224 17738 17744 -6 -6 DINING SERVICES 623000 55493 55493 TRANSPORTATION 623000 27361 27361 ADMINISTRATIVE SERVICES 623000 26767 26767 51788 51788 161409 22091912 21035798 0 573166 40144 40144 160000 160000 9604739 7938053 1666686 1083621 888571 195050 801236 651349 149887 588417 19898 568519 220572 220572 27206 27206 1659250 1654669 4581 419974 418086 1888 496188 434765 61423 55057 31176 23881 1334246 887570 446676 72109 49503 22606 2223 2223 2537039 2454873 82166 2787760 2697474 90286 1161820 1124192 37628 FOOD 1167834 1167834 REPAIRS AND MAINTENANCE 620381 588515 31866 BAD DEBT 562095 562095 DEBT RESTRUCTURING 461434 461434 734610 681428 53182 26597955 21730323 4867632 0 23987 933001 173346 238601 1106687 971449 87647 75262 34748 182105 88200635 52552138 37135616 35648497 8445085 6683410 1160179 1775273 232464 311634 48399759 46819232 6597476 7333413 6708927 8527002 42249919 42303397 5500000 5500000 27254864 26612238 88311186 90276050 X -45447867 -49502066 5536440 6045248 -39911427 -43456818 48399759 46819232 X -4506043 824775 -5110 140987 X 0 0 0 X 473748 2752740 122917 164585 482948 3996938 16583947 14917815 16516454 19148557 21053536 88220309 24481 89823 155667 144463 161409 575843 17082176 17760378 16795038 19457605 21697893 92793090 279469 152920 105149 236748 774286 0 279469 152920 105149 236748 774286 92018804 11102 226240 147798 320674 411763 1117577 11102 226240 147798 320674 411763 1117577 231735 26060 65144 36312 359251 17325013 18012678 17007980 19814591 22109656 94269918 0.97610 0.97480 0.01190 0.01070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DINING SERVICES - 2020 AMOUNT: $ 81,572. BEAUTY SHOP - 2020 AMOUNT: $ 2,112. MISCELLANEOUS - 2020 AMOUNT: $ 16,746. 2021 AMOUNT: $ 26,060. 2022 AMOUNT: $ 6,798. 2023 AMOUNT: $ 36,312. TRANSPORTATION - 2020 AMOUNT: $ 13,034. GUEST ROOM - 2020 AMOUNT: $ 3,661. INSURANCE PROCEEDS - 2020 AMOUNT: $ 114,610. REDUCTION OF PY PAYABLES - 2022 AMOUNT: $ 58,346. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3620159 565503 4185662 3059532 560627 3620159 3965328 -905796 3059532 3318061 647267 3965328 3766588 659 577995 1027181 3318061 0.00000 0.00000 1.00000 0 1 1 3161800 3161800 75915728 45473209 30442519 3793395 2111734 1681661 5329712 4967195 362517 35648497 RESIDENT DEPOSITS 143509 REFUNDABLE ENTRANCE FEES 26468729 26612238 PART V, LINE 4: KINGSWOOD MAINTAINS A WESLEY ENDOWMENT FUND. THE FUNDS ARE USED FOR FINANCIAL ASSISTANCE FOR THE RESIDENTS. 1 RESIDENT ASSISTANCE 1 40144 PART I, LINE 2: FUNDS ARE GIVEN TO RESIDENTS OF THE FACILITY ONLY. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF KANSAS CITY MISSOURI 431167670 48504LAD5 2021-11-30 43450000 SEE PART VI 0 0 0 A 43689675 246930 4391235 39050000 1510 2024 1 0 0 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART I, LINE A, COLUMN (C): 2021B CUSIP - 48504LAD5; 2021C CUSIP - 48504LAG8; 2021D CUSIP - 48504LAE3 PART I, LINE A, COLUMN (F): THE 2021B AND 2021D BONDS WERE ISSUED TO EXCHANGE AND REFUND THE 2016 BONDS. THE 2016 BONDS WERE ORIGINALLY ISSUED ON 1/6/2016. THE 2021C BONDS WERE ISSUED TO ACQUIRE, CONSTRUCT, FURNISH, EQUIP AND MAKE IMPROVEMENTS TO THE INSTITUTION'S CONTINUING CARE RETIREMENT CARE FACILITIES. PART II, COLUMN A, LINE 11: $39,050,000 OF 2021B AND 2021D BOND PROCEEDS WERE USED TO EXCHANGE AND REFUND $39,050,000 PRINCIPAL AMOUNT OF THE 2016 BONDS ON THE ISSUE DATE. PART II, COLUMN A, LINE 3: TOTAL PROCEEDS OF ISSUE WILL NOT EQUAL ISSUE PRICE AS A RESULT OF INVESTMENT EARNINGS. X 2 70000 X LANDSCAPE IMPROVEMENTS 1 288466 X SIGNAGE 1 44604 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD IS GIVEN AUTHORITY TO ACT ON THE BOARD'S BEHALF ON SPECIFIC SITUATIONS. THE COMMITTEE IS COMPRISED OF THE CHAIR, VICE CHAIR, SECRETARY, TREASURER, AND PAST CHAIR. ALL MEMBERS ARE ALSO MEMBERS OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 2 ROBERT M. ADAMS HAS A MEMBERSHIP INTEREST OF 12% IN 447 WEST 99TH LLC. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH GREYSTONE MANAGEMENT COMPANY. UNDER THE AGREEMENT, GREYSTONE PROVIDES AN EXECUTIVE DIRECTOR AND IS APPOINTED MANAGER OF THE ORGANIZATION'S OPERATIONS AND REAL ESTATE. THE AGREEMENT WAS ENTERED INTO ON DECEMBER 1, 2020 AND SHALL TERMINATE NOVEMBER 30, 2025, UNLESS SOONER TERMINATED. THE MANAGEMENT FEE SHALL BE THE GREATER OF 2.375% OF GROSS OPERATING REVENUES OR $27,500 PER MONTH. THERE IS AN ADDITIONAL MARKETING FEE IN THE AMOUNT OF 2% OF ENTRANCE FEES COLLECTED FROM MOVE-IN ACTIVITIES. TOTAL FEES INCURRED PURSUANT TO THE AGREEMENT AMOUNTED TO APPROXIMATELY $532,000 FOR THE YEAR ENDED DECEMBER 31, 2024. OTHER MISCELLANEOUS FEES INCURRED FROM GREYSTONE FOR VARIOUS SERVICES, INCLUDING TRAVEL, TECHNOLOGY, MARKETING, AND REIMBURSABLE EXPENSES, TOTALED APPROXIMATELY $280,000 FOR THE YEAR ENDED DECEMBER 31, 2024. IN 2024, THE FOLLOWING GREYSTONE EMPLOYEE WAS COMPENSATED BY GREYSTONE FOR THEIR SERVICES TO KINGSWOOD: SERGIO DEL PINO, EXECUTIVE DIRECTOR: $160,000 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED 990 WILL BE E-MAILED TO BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN THAT THEY WILL COMPLY WITH THE POLICY. IF AND WHEN A CONFLICT ARISES, THE BOARD MEMBER IS ASKED TO DISCLOSE MATERIAL FACTS AND LEAVE THE MEETING. A DETERMINATION IS MADE BY THE REMAINING BOARD MEMBERS WHETHER OR NOT A CONFLICT OF INTEREST EXISTS. IF A CONFLICT EXISTS, THE BOARD MEMBER IS REQUESTED TO LEAVE THE MEETING DURING THE DISCUSSION AND THEN THE REST OF THE BOARD VOTES ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO / EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE UNRELATED THIRD PARTY MANAGEMENT COMPANY. COMPARATIVE INFORMATION ON OTHER DIRECTOR'S COMPENSATION IS AVAILABLE THROUGH THE MANAGEMENT COMAPNY. A PERFORMANCE REVIEW IS COMPLETED BY THE EMPLOYEE AND THE CEO / EXECUTIVE DIRECTOR. COMPARATIVE INFORMATION ON SIMILAR POSITIONS ARE AVAILABLE THROUGH THE MANAGEMENT COMPANY. THIS PROCESS WAS LAST COMPLETED IN 2024. THE CEO / EXECUTIVE DIRECTOR REVIEWS THE DIRECTORS BASED ON A PERFORMANCE POINT SYSTEM. THE WAGE INCREASE PERCENTAGE IS BASED ON ACCOUMULATED POINTS. A WAGE COMPARISON IS COMPLETELY ANNUALLY TO ENSURE THAT THE COMPANY REMAINS COMPETITIVE IN THE MARKET. THIS PROCESS WAS LAST COMPLETED IN 2024. 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. FORM 990, PART XI, LINE 9: NET ASSETS RELEASED FROM RESTRICTIONS 81,932. CHANGE IN VALUE OF INTEREST IN FOUNDATION 59,055. KINGSWOOD SENIOR LIVING COMMUNITY FOUNDATION 10000 WORNALL ROAD KANSAS CITY MO 64114 200639597 PROVIDES SUPPORT FOR KANSAS CITY UNITED METHODIST RETIREMENT HOME, INC. MO 501 (C)(3) LINE 12A, I KANSAS CITY UNITED METHODIST RETIREMENT HOME INC DBA KINGSWOOD 1 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 KINGSWOOD SENIOR LIVING COMMUNITY FOUNDATION C 57642 GL