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2015 a N Nua L R E P O 1955 - 2015 1955 COMMUNITY RETIREMENT AN EPISCOPAL 2015 ANNUAL REPORT 2015 ANNUAL REPORT CELEBRATING 60 CELEBRATING CEOreport 2015 was another outstanding year for the Deerfield living and skilled nursing health care residences robust demand as our wait list has grown to over 840 community. During the past year we had a lot of fun to maintain the feel of comfortable and welcoming applications. celebrating and remembering the past 60 years. The residential settings. On behalf of the entire community, I want to thank Deerfield community has been blessed to have so On the financial front, we experienced another strong Dr. Don Lisnerski for his devoted service to the many dedicated residents, staff and volunteers over fiscal year despite the turbulence in the investment Deerfield board of directors over the past decade. the years involved in creating a culture and living markets during the summer months. Deerfield, as well Dr. Lisnerski served as a member of the finance, environment that are second to none. It is an exciting as most businesses and individuals, was affected for audit, and admissions committees, as well as serving time for our community and I am certain the days the short term. But we are pleased to report that our as chair of the board for the past four years. During ahead are promising. investment portfolio saw a rebound in recent months. his tenure as board chair, Dr. Lisnerski never missed We’ve made significant progress with our cottage Fitch Ratings reaffirmed our BBB+ rating during the a meeting. He also attended several LeadingAge expansion project. Throughout the summer months we year; Fitch also modified the rating outlook from stable national conventions during his service on the board. were focused on orchestrating the immense amount of to positive, which is great news. The Fitch report The Deerfield community is grateful for the exemplary site preparation needed. The residents of Haden Hall stated “The Positive Outlook reflects Fitch’s belief that dedication and leadership that he has given over have enjoyed a bird’s eye view of the construction site Deerfield will likely develop and sell on time and within the years. from their Tree Tops Vistas dining room. We will begin budget 27 independent living cottages over the next As I review the past year, I am proudest of the welcoming the first residents into their new cottages two years, which will address strong market demand achievement of so many goals reached through the during the early summer months of 2016. All 27 and augment total revenues, resulting in a moderation cooperative collective efforts of our residents, staff, cottages are reserved with a back-up waiting list. of certain capital-related metrics to be more in line with and board members. All three groups have worked the ‘A’ rating category.” The Deerfield community also continues to enhance its in a concerted, cooperative manner for continuous security throughout our campus. Our residents enjoy During the year we were pleased to welcome Keith improvement in all service levels. Over 100 residents the keyless entry “fob” system, now 100% installed. Einsmann and Father Lin Walton to our management currently participate in the resident governance This state of the art locking system is user friendly team. Keith brings significant experience and skills process. What makes Deerfield an extraordinary place and enhances campus security for residents and staff in overseeing large facilities and service areas. We are the positive relationships within our community. alike. Additional safety and security measures include also welcome Father Walton to serve in the position Members of our board of directors, management team, the completion of a perimeter fence on the south and of Director of Pastoral Care Services. Father Lin has and residents council recently participated in a panel east borders of our campus, and installation of a new previously served in a leadership position within the discussion in which they each expressed their views dry type sprinkler system in our health care center. diocese and we are fortunate to have him at the helm about Deerfield, their role in the community, and the Deerfield continues its commitment to be proactive in of our Pastoral Care. future of Deerfield and senior living services. As you assuring the safety and security of all our residents, might expect there were varied perspectives, but the This year we saw the largest growth ever in our Future staff, and visitors. genuine love and caring for and about the Deerfield Resident List. Asheville continues to be cited in national community was a constant unifying theme. Our Health and Wellness team continues to receive publications as a preferred destination for people of rave reviews on the care and services that our all ages to live. Our downtown area is distinctive and Wishing you a happy and prosperous 2016!! residents receive. Once again Deerfield earned a vibrant. The health care system in Asheville is second Robert F. Wernet, Jr. five-star rating from our recent Medicare Survey. We to none. All of these factors, along with the vitality President & CEO continue to improve the public areas in our assisted of the Deerfield Community, have contributed to a COMMITMENT Letter from the Board Chair I write this letter with bittersweet thoughts. I will soon bring to a close my service as chair of the board of directors of this great institution. I leave with great confidence that the long-term financial integrity of the organization is intact, the management structure is Don Lisnerski Christine Dismukes Larry Harris Lynn Kieffer Jeff Covington sound, and Deerfield is well positioned to carry out its Chair Vice Chair Treasurer Secretary Assistant Treasurer core mission to each resident. Professor Community and C.P.A., C.F.P. Pharmacist Executive V.P., University of North WNC Diocese Burlingham & Harris Asheville, NC Chief Credit Officer Carolina - Asheville Volunteer Asheville, NC Carolina Alliance Bank I wish to extend my heartfelt thanks to our residents, Asheville, NC Asheville, NC Asheville, NC staff, and our great management team for their significant efforts throughout the years. I also wish to extend gratitude to my fellow board members for their thoughtful governance and support. After ten years on the board and four years as chair, I will miss many friends that I have gotten to know over this time. We are in the process of expanding our cottages. Occupancy should occur in early summer 2016. All John Fleming Robert F. Burgin The Reverend Ross Walter McConnell Isaac Owolabi units have been presold, so this will also add to our Assistant Secretary CEO, Mission Hospital Jones Deerfield Resident Ph.D., Professor Attorney System, retired Retired Clergy Investment Manager, Montreat College financial soundness. DIRECTORS McGuire Wood & Asheville, NC retired Black Mountain, NC Bissette While I served as chair, we hired four key staff members Asheville, NC who have made valuable contributions to our community: of Keith Einsmann, Director of Facility Services; Kathy Foster, Director of Marketing; Cheryl Gettinger, Director of Philanthropy; and The Rev. Richard Lindsley Walton, Lead Chaplain & Director of Pastoral Care Services. We welcome Dr. Issac Owolabi to our board, along with two new resident members, Walt McConnell and Richard The Rt. Reverend Virginia Templeton Richard Johannes Bob Wernet Johannes. Finally, I am delighted to pass the baton to Porter Taylor M.D. President, President & CEO, Chris Dismukes, who has capably and faithfully served Permanent Seat Executive Director, Deerfield Deerfield Episcopal as vice chair. I know that she will serve the Deerfield Bishop, MemoryCare Residents Council Retirement The Episcopal Asheville, NC Community community well. Diocese of WNC Don Lisnerski, Chair EX-OFFICIO MEMBERS Deerfield Board of Directors Board members shown represent those in office through December 2015. BOARD RESIDENTS COUNCILreport Deerfield is a place of stimulating, entertaining contributes excess titles to veterans and several local Deerfield residents are also active in supporting the and all-around wonderful living – a place where libraries. Sophie’s, our onsite thrift shop, contributed state CCRC issues. Through aggressive efforts in residents and staff are welcoming, friendly, and truly $93,825 to the Residents Assistance Fund. The contacting state legislators, our residents helped one big family. The Residents Association has an woodworking group produces hundreds of toys for the achieve passage of legislation that provides tax elected council whose members chair our standing Salvation Army. Our fiber arts group makes multiple benefits for seniors and CCRCs next year. In 2016, committees: Buildings and Maintenance, Grounds items in support of four different charities. Our AARP Deerfield residents will be the presidents of national and Landscaping, Dining, Health and Wellness, tax aide volunteers provide free federal and state and North Carolina CCRC organizations. Deerfield Programs and Activities, Finance, Deerfield Relations, tax preparation for both residents and employees. residents are doers. This is not your grandmother’s and Employee Appreciation. Working closely with Deerfield’s full-time Activities Director provides a nursing home! the Deerfield staff, the Council and its committees wide range of activities and entertainment for the Deerfield has a “no tipping” policy for the staff, so represent the interests and concerns of the residents, residents. Recognizing that residents are interested an annual Appreciation Fund drive is conducted, and serve as the primary communication link between in staying active, Deerfield provides a wide range of raising $263,674 in 2015. All full time employees residents and staff. The Residents Council received a check for $1208 at a December president and a resident-at-large are both party for the employees. Our Employee members of the Board of Directors, with Appreciation committee also supports the voice and vote. The resident-at-large is Shining Star program whereby residents also a member of the board’s finance identify employees who have been “caught committee, with voice and vote.
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