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← PRESBYTERIAN SENIORCARE FOUNDATION

Form 990 for tax year 2022

Filed by PRESBYTERIAN SENIORCARE FOUNDATION.

Totals

Total revenue
$3,282,874
Total expenses
$2,878,811
Contributions and grants received
$3,089,100
Grants paid
$2,126,499
Program service revenue
$0
Investment income
$193,774
Other revenue
$0
Total assets, end of year
$9,043,706
Total liabilities, end of year
$2,148,392
Net assets or fund balances, end of year
$6,895,314
Program services expenses (Part IX)
$2,126,499
Management and general expenses
$40,500
Fundraising expenses
$711,812
Program service expenses (Part III)
$2,126,499

Program services were 73.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,089,100

  • 3 · Investment income

    total $194,285 · excluded $194,285

  • 7a · Gross sales of assets other than inventory

    securities $7,634

  • 7b · Less cost or other basis and sales expenses

    securities $8,145

  • 7c · Gain or loss

    securities -$511

  • 7d · Net gain or loss

    total -$511 · related or exempt -$511

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,126,499 · program services $2,126,499

  • 7 · Other salaries and wages

    total $358,965 · fundraising $358,965

  • 8 · Pension plan contributions

    total $14,540 · fundraising $14,540

  • 9 · Other employee benefits

    total $33,098 · fundraising $33,098

  • 10 · Payroll taxes

    total $27,906 · fundraising $27,906

  • 11a · Fees: management

    total $30,000 · management and general $30,000

  • 11c · Fees: accounting

    total $10,500 · management and general $10,500

  • 11g · Fees: other

    total $15,690 · fundraising $15,690

  • 13 · Office expenses

    total $42,670 · fundraising $42,670

  • 16 · Occupancy

    total $735 · fundraising $735

  • 19 · Conferences, conventions and meetings

    total $9,343 · fundraising $9,343

  • 23 · Insurance

    total $2,400 · fundraising $2,400

  • 24a · Other expenses: Consulting fees

    total $113,000 · fundraising $113,000

  • 24b · Other expenses: Printing

    total $79,598 · fundraising $79,598

  • 24c · Other expenses: Repairs and maintenance

    total $13,867 · fundraising $13,867

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,825 · end of year $147,861

  • 2 · Savings and temporary cash investments

    beginning of year $2,244,127 · end of year $3,618,262

  • 3 · Pledges and grants receivable

    beginning of year $27,251 · end of year $10,000

  • 4 · Accounts receivable

    beginning of year $125,604 · end of year $58,731

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,537 · end of year $7,318

  • 11 · Investments: publicly traded securities

    beginning of year $4,771,150 · end of year $4,011,671

  • 15 · Other assets

    beginning of year $1,325,572 · end of year $1,189,863

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,189,506 · end of year $2,148,392

  • 27 · Net assets without donor restrictions

    beginning of year $2,661,255 · end of year $1,500,029

  • 28 · Net assets with donor restrictions

    beginning of year $4,846,305 · end of year $5,395,285

Mission and programs · 2022

Mission

To support Presbyterian SeniorCare and its tax-exempt affiliates by building relationships and creating a culture that values donors, philanthropy, volunteers, and stewardship.

Activities or mission (Part I)

Fundraising arm of Presbyterian SeniorCare and its tax exempt affiliates.The mission of the Presbyterian SeniorCare Foundation is to support Presbyterian SeniorCare and its tax-exempt affiliates by building relationships and creating a culture that values donors, philanthropy, volunteers, and stewardship.Established on January 25, 1928 in the Commonwealth of Pennsylvania, Presbyterian SeniorCare is a not-for-profit, charitable organization committed to enriching the aging experience through person-centered service and living options. In keeping with the charitable mission of Presbyterian SeniorCare, donors generously contribute gifts that support benevolent care, capital improvements, program enhancements, and an emergency fund for employees in dire need through the Presbyterian SeniorCare Foundation.

  • All fundraising programs and services are conducted to support the charitable mission of Presbyterian SeniorCare and its affiliated tax exempt charitable organizations. Presbyterian SeniorCare is the sole member of numerous nonprofit membership corporations that provide a regional system of housing, personal care, Alzheimer's and dementia care, long-term and rehabilitation healthcare, and community services for older adults. Of note are its 28 affordable housing communities serving persons with disabilities and low-income seniors through a service-enriched model that supports aging in place and minimizes the need for institutional care. Presbyterian SeniorCare Network gives back to its local communities and provides charitable care to the seniors it serves in its personal care communities who are no longer able to pay for their care. In 2022 across its regional network, it provided a combined total of approximately $30 million in benevolent and uncompensated care, of which benevolent care represented approximately $3 million. The Presbyterian SeniorCare Foundation secures financial resources for places, programs and benevolent care, also known as charitable care. Its fundraising programs include special events, solicitations, major gifts as well as annual, memorial and planned giving. Programs are conducted as a comprehensive effort and include benevolent care, resident and staff enrichment, capital projects and capital equipment fundraising. Special events held by the Foundation continued to raise much-needed funds for Presbyterian SeniorCare Network. The two major events are Your Holiday Home and the Annual Golf Outing. We have increased both the number of Cornerstone Society members, those who have supported Presbyterian SeniorCare with a leadership gift of $1,000 or more to benevolent or unrestricted support, and the Anderson Legacy Society donors who have made planned gifts by including us in their wills or estate plans, each of the last four years.

    Expenses $2,126,499 · Grants $2,126,499

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William M Campbell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul M Winkler

    Director

    Total calculated
    $511,384
    From this org
    $0
    From related orgs
    $0
    Other
    $511,384
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $510,896 related
    Nontaxable benefits
    $0 + $488 related
    Filer's total
    $0 + $511,384 related

  • Doreen E Boyce PhD

    Director

    Total calculated
    $0
    Hours/week
    1

  • The Rev Dr Carolyn J Jones

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Pipitone

    Director and Chair

    Total calculated
    $0
    Hours/week
    1

  • Michael Chaido

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ted Dufresne

    Director

    Total calculated
    $0
    Hours/week
    1

  • James B Pieffer

    Director and President

    Total calculated
    $411,257
    From this org
    $0
    From related orgs
    $378,555
    Other
    $32,702
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $378,555 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $20,502 related
    Filer's total
    $0 + $411,257 related

  • Thomas J Uram

    Director and Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • Louis E Waller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jacqueline S Flanagan

    Executive Director and Sec

    Total calculated
    $175,529
    From this org
    $0
    From related orgs
    $162,414
    Other
    $13,115
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $162,414 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,110 related
    Nontaxable benefits
    $0 + $7,005 related
    Filer's total
    $0 + $175,529 related

  • J Greg Malisky

    Treasurer

    Total calculated
    $164,933
    From this org
    $0
    From related orgs
    $151,874
    Other
    $13,059
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $151,874 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,065 related
    Nontaxable benefits
    $0 + $6,994 related
    Filer's total
    $0 + $164,933 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Presbyterian SeniorCare Portfolio LP

    Low Income Housing Tax Credit property for the elderly · PA

  • Fairmont Apartments Limited Partnership

    Low Income Housing Tax Credit property for the elderly · PA

  • North Aiken Senior Housing LP

    Low Income Housing Tax Credit property for the elderly · PA

  • East End Senior Housing LP

    Low Income Housing Tax Credit property for the elderly · PA

  • Oaks Supportive Housing Associates

    Low Income Housing Tax Credit property for the elderly · PA

  • East End Senior Housing LLC

    General partner of Low Income Housing Tax Credit property · PA

  • Ross Presbyterian Senior Housing LP

    Low Income Housing Tax Credit property for the elderly · PA

  • Ross Presbyterian GP LLC

    General partner of Low Income Housing Tax Credit property · PA

  • 4003 Penn Avenue LLC

    General partner of Low Income Housing Tax Credit property · PA

  • York Lambeth LP

    Low Income Housing Tax Credit property for the elderly · PA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SeniorCare Network Inc

    Affordable housing management company · PA

  • Fairmont Apartments Inc

    General partner of Low Income Housing Tax Credit property · PA

  • California Senior Housing Inc

    General partner of Low Income Housing Tax Credit property · PA

  • North Aiken Senior Housing Inc

    General partner of Low Income Housing Tax Credit property · PA

Provenance

Return type
form_990
Tax year
2022
Filed
26 June 2023
IRS schema version
2022v5.0
Source object
202311779349300206

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