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← PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA

Form 990 for tax year 2023

Filed by PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA.

Totals

Total revenue
$76,929,989
Total expenses
$79,475,003
Contributions and grants received
$1,112,228
Grants paid
$1,272,026
Program service revenue
$74,910,694
Investment income
$762,482
Other revenue
$144,585
Total assets, end of year
$169,267,528
Total liabilities, end of year
$142,142,627
Net assets or fund balances, end of year
$27,124,901
Program services expenses (Part IX)
$56,891,239
Management and general expenses
$22,062,887
Fundraising expenses
$520,877
Program service expenses (Part III)
$56,891,239

Program services were 71.6% 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.

  • 1d · Related organizations

    $812,598

  • 1f · All other contributions, gifts and grants

    $299,630

  • 2a · Program service revenue: RESIDENT SERVICE REVENUE

    total $69,746,508 · related or exempt $69,746,508

  • 2b · Program service revenue: AMORTIZATION OF FEES

    total $4,639,559 · related or exempt $4,639,559

  • 2c · Program service revenue: LAB REVENUE

    total $83,920 · related or exempt $83,920

  • 2d · Program service revenue: BEAUTY SHOP

    total $263,237 · related or exempt $263,237

  • 2e · Program service revenue: MEALS AND CATERING REVENUE

    total $177,470 · related or exempt $177,470

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $762,482 · excluded $762,482

  • 6a · Gross rents

    personal property $29,259

  • 6b · Less rental expenses

    personal property $27,546

  • 6c · Rental income or loss

    real property $0 · personal property $1,713

  • 6d · Net rental income or loss

    total $1,713 · excluded $1,713

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: MISCELLANEOUS

    total $142,872 · excluded $142,872

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $142,872

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,272,026 · program services $1,272,026

  • 5 · Compensation of officers, directors and key employees

    total $660,101 · management and general $660,101

  • 7 · Other salaries and wages

    total $32,329,089 · program services $27,266,289 · management and general $4,855,134 · fundraising $207,666

  • 8 · Pension plan contributions

    total $755,704 · program services $539,402 · management and general $210,900 · fundraising $5,402

  • 9 · Other employee benefits

    total $3,410,501 · program services $2,465,283 · management and general $920,960 · fundraising $24,258

  • 10 · Payroll taxes

    total $2,791,161 · program services $2,021,079 · management and general $751,120 · fundraising $18,962

  • 11f · Fees: investment management

    total $8,991 · management and general $8,991

  • 11g · Fees: other

    total $8,325,553 · program services $7,644,417 · management and general $681,136 · fundraising $0

  • 12 · Advertising and promotion

    total $424,510 · program services $419,660 · management and general $4,850

  • 13 · Office expenses

    total $3,071,303 · program services $2,636,874 · management and general $247,460 · fundraising $186,969

  • 14 · Information technology

    total $1,161,187 · program services $9,196 · management and general $1,084,830 · fundraising $67,161

  • 16 · Occupancy

    total $4,166,644 · program services $4,143,050 · management and general $23,594

  • 17 · Travel

    total $286,995 · program services $151,782 · management and general $128,022 · fundraising $7,191

  • 19 · Conferences, conventions and meetings

    total $113,437 · program services $57,538 · management and general $52,631 · fundraising $3,268

  • 20 · Interest

    total $5,050,001 · management and general $5,050,001

  • 22 · Depreciation, depletion and amortization

    total $7,342,977 · management and general $7,342,977

  • 23 · Insurance

    total $1,765,600 · program services $1,732,242 · management and general $33,358

  • 24a · Other expenses: Medical Supplies

    total $1,985,926 · program services $1,979,104 · management and general $6,822

  • 24b · Other expenses: Bad Debt

    total $163,289 · program services $163,289

  • 24c · Other expenses: Food and Supplements

    total $4,390,008 · program services $4,390,008

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,923,503 · end of year $11,098,889

  • 2 · Savings and temporary cash investments

    beginning of year $8,076,820 · end of year $6,300,816

  • 4 · Accounts receivable

    beginning of year $2,574,263 · end of year $2,426,264

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $462,742 · end of year $351,343

  • 9 · Prepaid expenses and deferred charges

    beginning of year $180,112 · end of year $200,996

  • 10a · Land, buildings and equipment: cost or other basis

    $239,789,466

  • 10b · Land, buildings and equipment: accumulated depreciation

    $102,524,394

  • 10c · Land, buildings and equipment, net

    beginning of year $128,494,369 · end of year $137,265,072

  • 11 · Investments: publicly traded securities

    beginning of year $516,839 · end of year $516,839

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $923,075 · end of year $807,690

  • 15 · Other assets

    beginning of year $21,177,234 · end of year $10,299,619

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,721,804 · end of year $4,850,813

  • 19 · Deferred revenue

    beginning of year $32,759,070 · end of year $33,985,520

  • 20 · Tax-exempt bond liabilities

    beginning of year $87,273,985 · end of year $98,975,155

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $11,250,000

  • 25 · Other liabilities

    beginning of year $3,664,883 · end of year $4,331,139

  • 27 · Net assets without donor restrictions

    beginning of year $27,659,203 · end of year $27,124,889

  • 28 · Net assets with donor restrictions

    beginning of year $12 · end of year $12

Mission and programs · 2023

Mission

PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA OPERATES SIX NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITIES AND IS ASSOCIATED WITH THE PRESBYTERIAN CHURCH (USA) AND OFFERS A VARIETY OF LIFESTYLE CHOICES TO MEET THE DIVERSE AND CHANGING NEEDS OF TODAY'S SENIORS. THEIR MISSION STATEMENT: WE ARE A COMPASSIONATE CHRISTIAN MINISTRY DEDICATED TO ENRICHING THE QUALITY OF LIFE FOR SENIORS OF ALL FAITHS.

Activities or mission (Part I)

Presbyterian Communities of South Carolina is a not-for-profit Life Plan Community associated with the Presbyterian Church (USA) and offers a variety of lifestyle choices to meet the diverse and changing needs of today's seniors. Their mission statement: We are a compassionate Christian ministry dedicated to enriching the quality of life for seniors of all faiths.

  • The Organization currently operates six retirement communities in various locations across South Carolina providing independent living accommodations, assisted living and skilled nursing. In 2023, an average of 928 residents were served each month across the continuum of care. The Organization also provides assistance in the form of reduced fees to qualifying residents who have exhausted their financial resources. The charges foregone related to this assistance, or financial subsidy, net of recoveries, amounted to $1,272,026 and $1,037,891 during 2023 and 2022, respectively. There were 19 residents assisted in 2023 and 22 residents served in 2022.

    Expenses $56,891,239 · Grants $1,272,026 · Revenue $74,910,694

As filed on the 2023 return.

Listed in Part VII

  • Dr Priscilla W Holtzclaw

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Richard S McCain

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Stacy Van Pelt Brennan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joel D Ledbetter

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John S Long

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mark Clary

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Martha Casto

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Mrs Clarissa W Whaley

    Board Mamber

    Total calculated
    $0
    Hours/week
    1

  • Mrs Susan Green-Grove

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paige Parsons-Lewis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Reverend Dr Deborah Foster

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Reverend Dr Eric Skidmore

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • William F Halligan

    Chair

    Total calculated
    $0
    Hours/week
    1

  • William H Hancock CPA

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Amanda Stamper

    COO

    Total calculated
    $233,027
    From this org
    $220,435
    From related orgs
    $0
    Other
    $12,592
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,435
    Bonus
    $0
    Other
    $0
    Deferred
    $6,475
    Nontaxable benefits
    $6,117
    Filer's total
    $233,027

  • Kevin M Johnson

    CFO

    Total calculated
    $94,319
    From this org
    $90,233
    From related orgs
    $0
    Other
    $4,086
    Hours/week
    39 + 1 related

  • Luther F Fant

    CEO

    Total calculated
    $364,052
    From this org
    $349,433
    From related orgs
    $0
    Other
    $14,619
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $315,433
    Bonus
    $0
    Other
    $34,000
    Deferred
    $8,805
    Nontaxable benefits
    $5,814
    Filer's total
    $364,052

  • Cindy Robbins

    Executive Director

    Total calculated
    $160,089
    From this org
    $157,163
    From related orgs
    $0
    Other
    $2,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,163
    Bonus
    $0
    Other
    $0
    Deferred
    $2,926
    Nontaxable benefits
    $0
    Filer's total
    $160,089

  • James Deel

    Executive Director

    Total calculated
    $157,770
    From this org
    $147,139
    From related orgs
    $0
    Other
    $10,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,139
    Bonus
    $0
    Other
    $0
    Deferred
    $4,514
    Nontaxable benefits
    $6,117
    Filer's total
    $157,770

  • Leslie Anzalone

    Executive Director

    Total calculated
    $159,856
    From this org
    $149,528
    From related orgs
    $0
    Other
    $10,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,528
    Bonus
    $0
    Other
    $0
    Deferred
    $4,514
    Nontaxable benefits
    $5,814
    Filer's total
    $159,856

  • Matthew Schorner

    Director Therapy Services

    Total calculated
    $161,728
    From this org
    $157,191
    From related orgs
    $0
    Other
    $4,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,191
    Bonus
    $0
    Other
    $0
    Deferred
    $4,537
    Nontaxable benefits
    $0
    Filer's total
    $161,728

  • Tracey Catanzaro

    Director - IT

    Total calculated
    $154,251
    From this org
    $144,163
    From related orgs
    $0
    Other
    $10,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,163
    Bonus
    $0
    Other
    $0
    Deferred
    $4,274
    Nontaxable benefits
    $5,814
    Filer's total
    $154,251

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use
HOUSING ALLOWANCE IS PROVIDED TO CEO WHO IS ORDAINED MINISTER OF THE PRESBYTERIAN CHURCH (USA). AMOUNT IS DETERMINED AND PRESCRIBED BY BOARD OF TRUSTEES.

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

No itemized grants to organizations 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.

  • PCSC FOUNDATION

    501(c)(3) · TO PROVIDE FINANCIAL ASSISTANCE TO PRESBYTERIAN HOME OF SOUTH CAROLINA · SC · controlled entity

    Directly controlled by PRESBYTERIAN HOME OF SOUTH CAROLINA

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PRESBYTERIAN PROPERTIES LLC

    PROPERTY MANAGEMENT · SC · income $29,259 · assets $1,783,713

    Directly controlled by PRESBYTERIAN HOME OF SC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349309382

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