KING FARM PRESBYTERIAN RETIREMENT COMMUNITY INC

EIN: 202004162 501(c)(3) Housing & Shelter

ROCKVILLE, MD

Total Revenue
$46,128,859
Total Expenses
$49,514,906
Total Assets
$302,640,436
Net Assets
$-96,249,794
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MD
Principal Officer
JAMES SPENCER
Phone
2404999015
Tax Period
2023-01-01 to 2023-12-31

KING FARM PRESBYTERIAN RETIREMENT COMMUNITY INC, founded in 2004, is a mid-sized nonprofit in the Housing & Shelter sector that reported $46.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RETIREMENT COMMUNITIES INC. WILL EXCEL IN PROVIDING DISTINCTIVE AND SUSTAINABLE RESIDENTIAL SETTINGS WHERE ACTIVE SENIORS LIVE IN VIBRANT, CARING, AND SPIRITUALLY RICH COMMUNITIES, AND WHERE THEY CAN RELY ON CONTINUING WELLNESS AND HEALTHCARE SERVICES FOR THEMSELVES AND THEIR NEIGHBORS.

Program Service Accomplishments

Program 1
Expenses: $41,856,173 Revenue: $43,847,958

CHARITABLE PURPOSE: CARING FOR SENIORSINGLESIDE AT KING FARM (IKF) IS A FAITH-BASED, NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN ROCKVILLE, MARYLAND JUST NORTH OF WASHINGTON DC...

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CHARITABLE PURPOSE: CARING FOR SENIORSINGLESIDE AT KING FARM (IKF) IS A FAITH-BASED, NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN ROCKVILLE, MARYLAND JUST NORTH OF WASHINGTON DC. IKF OFFERS FOUR LEVELS OF DISTINCT CARE TO SENIORS OVER THE AGE OF 60. RESIDENTS LIVE IN INDEPENDENT LIVING, ASSISTED LIVING, MEMORY SUPPORT ASSISTED LIVING, OR SKILLED NURSING; ALL OF WHICH ARE LICENSED AND REGULATED BY THE STATE OF MARYLAND.IKF ENHANCES THE LIVES OF ALL RESIDENTS THROUGH DAILY LIFE-ENRICHMENT PROGRAMMING. OVER 4,000 PROGRAMS ARE HELD ANNUALLY; ALL FOCUS ON THE SEVEN DIMENSIONS OF WELLNESS. OVERALL, THE PROGRAMS INCORPORATE THE PHYSICAL ASPECT OF WELLNESS CENTERS BY ENDORSING REGULAR EXERCISE, MAINTAINING GOOD NUTRITION, AND AVOIDING UNHEALTHY BEHAVIORS. IKF PROMOTES PHYSICAL WELL-BEING THROUGH REGULAR EXERCISE AND STRETCHING PROGRAMS AND OFFERING A PERSONAL TRAINER ON CAMPUS TO PROVIDE RESIDENTS WITH INDIVIDUAL ATTENTION. AN INDOOR POOL AND SWIMMING INSTRUCTION ARE ALSO AVAILABLE TO RESIDENTS AS A MEANS OF HELPING THEM STAY PHYSICALLY FIT. IN ADDITION, IKF OFFERS NUTRITIONIST SERVICES TO CONSULT WITH RESIDENTS CONCERNING THEIR INDIVIDUAL DIETS.IKF ENCOURAGES INTELLECTUAL WELLNESS FOR RESIDENTS BY OFFERING CONVERSATIONS ON CURRENT EVENTS, OPPORTUNITIES TO LISTEN TO SPEAKERS ON A WIDE VARIETY OF SUBJECTS, AND A CHANCE TO PARTICIPATE IN THE RESIDENT COUNCIL AND OTHER COMMUNITY ORGANIZED COMMITTEES WHICH OFFER ADVICE AND PARTNERSHIP TO THE CAMPUS ADMINISTRATION. FOR THOSE WHO ARE EXPERIENCING MEMORY LOSS, IKF HAS DEDICATED STAFF PERSONS TO DESIGN AND LEAD SPECIAL PROGRAMS TO INVIGORATE THE MIND. EMOTIONAL WELLNESS INCORPORATES THE CONCEPT OF BELIEVING IN ONESELF, HAVING THE ABILITY TO COPE AND ADJUST TO CHALLENGES IN A HEALTHY WAY, ENJOYING LIFE, AND STAYING OPTIMISTIC IN BELIEFS. IKF PROMOTES EMOTIONAL WELLNESS BY ENGAGING RESIDENTS IN DECISION-MAKING PROCESSES WHEN APPROPRIATE, CELEBRATING THEIR LIFETIME MILESTONES, AND PROVIDING A WIDE VARIETY OF ACTIVITIES THAT APPEAL TO DIVERSE PEOPLE. FOR EXAMPLE, RESIDENTS ARE ENCOURAGED TO TAKE A LEADERSHIP ROLE IN CREATING ON-CAMPUS PROGRAMS.CONTINUING CARE RETIREMENT COMMUNITIES (CCRCS) ARE, BY THEIR VERY NATURE, SOCIAL ENTITIES ENABLING RELATIONSHIP DEVELOPMENT. TRADITIONALLY, PEOPLE WHO AGE IN CCRCS LIVE LONGER THAN THOSE WHO DO NOT LARGELY BECAUSE OF THE SOCIAL ENVIRONMENT AND CONTINUING HEALTH CARE. RESIDENTS DINE TOGETHER, ATTEND EVENTS AND ACTIVITIES TOGETHER, AND OCCUPY THE SAME COMMON AREAS. RESIDENTS ARE NOT ISOLATED AS COMPARED TO IF THEY LIVED ALONE. MORNING MINGLES AND OUTREACH BY THE WELCOME COMMITTEE ARE IMPORTANT WAYS OF KEEPING RESIDENT ENGAGEMENT VIBRANT AT IKF. PEOPLE AT IKF COME FROM DIVERSE BACKGROUNDS WITH A WIDE VARIETY OF BELIEFS AND IDEALS AND FEEL FREE TO SHARE THESE INTERESTS WITH OTHERS.THERE ARE MANY DIMENSIONS TO SPIRITUAL WELL-BEING AND IKF HONORS ALL OF THEM. PROTESTANT, CATHOLIC, AND JEWISH SERVICES ARE ALL OFFERED REGULARLY. BELIEFS ARE HONORED ON THE WORLD DAY OF PRAYER. THERE IS A SPIRITUAL LIFE COMMITTEE OF MEMBERS LED BY THE IKF CHAPLAIN. THE COMMITTEE FOCUSES ON DEVELOPING AN INCLUSIVE SENSE OF SPIRIT AT IKF. IN 2020, IKF HIRED A SECOND CHAPLAIN TO ENHANCE THE SPIRITUAL LIFE OF THE COMMUNITY. THROUGH ITS LIFE ENRICHMENT PROGRAMS, PEOPLE FIND DEEPER PURPOSE AND MEANING IN THEIR LIVES. IKF OFFERS DANCE, TAI CHI, CHORUS AND A VARIETY OF ACTIVITIES THAT AWAKEN THE SPIRITUAL SIDE OF RESIDENTS.FROM AN ENVIRONMENTAL WELLNESS PERSPECTIVE, IKF IS A LEADER IN ENERGY AND ENVIRONMENTAL DESIGN (LEED) BECAUSE WE ARE A (GREEN) CERTIFIED BUILDING. RESIDENTS RECYCLE, AND IKF HAS RECEIVED RECYCLING AWARDS FROM THE COUNTY. THE BEAUTIFUL BUILDINGS PROVIDE RESIDENTS WITH A CALM AND RELAXING ENVIRONMENT IN WHICH TO LIVE.CHARITABLE PURPOSE: HEALTH CAREIKF PROVIDES 24 HOUR EMERGENCY SUPPORT TO ALL RESIDENTS. FOR THOSE WHO LIVE IN INDEPENDENT LIVING, A 24 HOUR, 7 DAY A WEEK CONCIERGE WILL CONTACT 911 FOR EMERGENCY SERVICE. FOR ASSISTED LIVING, MEMORY SUPPORT ASSISTED LIVING, AND COMPREHENSIVE CARE, 24 HOUR EMERGENCY CARE IS PROVIDED.IKF ALSO PROVIDES HEALTH CARE IN OUR ASSISTED LIVING, MEMORY SUPPORT ASSISTED LIVING, AND SKILLED NURSING ENVIRONMENTS. RESIDENTS WHO RETURN FROM THE HOSPITAL OR WHOSE HEALTH IS DECLINING, OFTEN REQUIRE ADDITIONAL CARE AND RESIDENTS MAY TRANSFER WITHIN TO RECEIVE INCREASINGLY COMPREHENSIVE LEVELS OF CARE - EITHER SHORT OR LONG-TERM. A WEEKLY RESIDENT REVIEW COMMITTEE, COMPRISED OF MANY LEADERSHIP DISCIPLINES, DISCUSS AND EVALUATE THE BEST SETTING WITHIN THE COMMUNITY FOR EACH RESIDENT NEEDING A CHANGE IN SERVICES. A WELLNESS CENTER IS STAFFED TO PROVIDE RESIDENTS WITH SERVICES OF AN ON-SITE NURSE. THE NURSE PROVIDES MONTHLY HEALTH EDUCATION TO ALL RESIDENTS. IN ADDITION, A PODIATRIST, OPTOMETRIST, AND DERMATOLOGIST VISIT REGULARLY TO SEE RESIDENTS. IKF ALSO PARTNERS WITH A REHABILITATION COMPANY TO OFFER OUT-PATIENT SERVICES TO RESIDENTS IN NEED OF PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES.THE RESIDENTS OF IKF BENEFIT FROM ALL THE SERVICES AND OPPORTUNITIES PROVIDED TO THEM AS THEY EXPERIENCE OLDER ADULTHOOD. THESE OFFERINGS ALLOW THE RESIDENTS TO OBTAIN A CAREFREE LIFESTYLE INSPIRED BY THEIR OWN CHOICES.THE CORPORATION EXTENDS CHARITY CARE AND OTHER SUPPORT TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS BENEVOLENT CARE POLICY AND WHO ARE UNABLE TO PAY FOR SERVICES, AT ALL LEVELS OF CARE, AS NEEDED AND WHEN APPROPRIATE, WITHOUT CHARGE OR AT RATES LESS THAN THOSE ESTABLISHED. THIS SUPPORT IS PROVIDED THROUGH A BENEVOLENCE FUND ESTABLISHED AT THE OUTSET OF THE COMMUNITY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $499,385
Program Service Revenue $43,847,958
Investment Income $356,941
Other Revenue $1,424,575
TOTAL REVENUE $46,128,859

Expense Breakdown

Grants Paid $164,447
Salaries & Benefits $15,286,456
Fundraising Expenses $0
Program Expenses $41,856,173
Other Expenses $34,064,003
TOTAL EXPENSES $49,514,906

Year-over-Year Comparison

2023 2022 Change
Revenue $46,128,859 $38,652,344 +0.2%
Expenses $49,514,906 $44,592,607 +0.1%
Net Income $-3,386,047 $-5,940,263 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
430
Volunteers
61

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,609,468
Total Directors
17
$0
Key Employees
2
$393,674
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY KUHN CHAIR 1.20
Officer Director
$0 $0 $0
STEVEN WAGNER VICE CHAIR 1.20
Officer Director
$0 $0 $0
JENNIFER CHANDLER HAUGE SECRETARY 1.20
Officer Director
$0 $0 $0
DON BOARDMAN DIRECTOR 0.80
Director
$0 $0 $0
PEGGY CECCHINE DIRECTOR 0.80
Director
$0 $0 $0
SALLY COX DIRECTOR 0.80
Director
$0 $0 $0
HOWARD GLECKMAN DIRECTOR 0.80
Director
$0 $0 $0
GREGG JOHNSON DIRECTOR 0.80
Director
$0 $0 $0
RUTH KATZ DIRECTOR 0.80
Director
$0 $0 $0
JOHN KREUTZER DIRECTOR 0.80
Director
$0 $0 $0
PHILLIP MAGIDSON DIRECTOR 0.80
Director
$0 $0 $0
JAY NEWTON-SMALL DIRECTOR 0.80
Director
$0 $0 $0
ROBYN STONE DIRECTOR (UNTIL 01/23) 0.80
Director
$0 $0 $0
DENIS VON KAEPPLER DIRECTOR 0.80
Director
$0 $0 $0
ALICE BUHL DIRECTOR 0.80
Director
$0 $0 $0
JANET KELLEY DIRECTOR 0.80
Director
$0 $0 $0
BRUCE BARTELS IMMEDIATE PAST CHAIR 0.80
Officer Director
$0 $0 $0
LYNN O'CONNOR PRESIDENT/CEO 8.00
Officer
$0 $37,262 $632,695
CHRISTINE PODLES COO 8.00
Officer
$0 $11,348 $345,209
DUSANKA DELOVSKA-TRAKOVA CIO 8.00
Officer
$0 $11,653 $295,761
TRACI ALLEY CHIEF HR OFFICER 8.00
Officer
$0 $14,904 $335,803
JENNIFER SARGENT VP HUMAN RESOURCES 13.00
Key Emp
$0 $14,870 $176,243
KENYA S BRYANT EXECUTIVE DIRECTOR 40.00
Key Emp
$210,671 $6,760 $217,431
ABDO KARMOUCH DIRECTOR OF PROPERTY MANAGEMENT 40.00
Highest
$126,773 $12,686 $139,459
ERICA SHERN DIRECTOR OF NURSING 40.00
Highest
$141,493 $9,154 $150,647
SOPHIA BRAUNS DIRECTOR OF SALES 40.00
Highest
$136,464 $17,044 $153,508
MORINATU ADENIYI-OLADAPO COMM. DIR. OF HEALTH SERVICES 40.00
Highest
$165,530 $5,649 $171,179
KEVILIN PRAH ADMINISTRATOR 40.00
Highest
$113,733 $7,067 $120,800
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $46,128,859 $49,514,906 $302,640,436 $-3,386,047
2022 $38,652,344 $44,592,607 $296,448,049 $-5,940,263
2021 $34,783,503 $41,952,309 $301,432,870 $-7,168,806
2020 $33,373,889 $43,811,903 $304,813,336 $-10,438,014
2019 $26,635,758 $32,499,137 $362,192,625 $-5,863,379
2018 $24,554,589 $28,674,784 $349,528,657 $-4,120,195
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