Pickersgill 2017 Annual Report

2017 Annual Report { FY2016 } Letter from the President of the Board of Directors Mission Statement and the Executive Director A Culture of Caring Pickersgill is a nonprofit retirement independence and assistance. We Each day we have the privilege of seeing At Pickersgill, we don’t simply care for our Community. Those remarkable ladies would be community with a strong heritage take pride in our blend of traditional residents’ lives enriched by the care they receive residents, we care about them. Because we are amazed to know that the culture of caring they of benevolent purpose. Begun in values with contemporary living. at Pickersgill Retirement Community. We see in the business of caring for others, we realize helped to shape all those years ago has touched 1802 by a small group of caring We provide a comfortable home and countless examples of Pickersgill residents and that taking a small step beyond what is required the lives of thousands of residents. women, Pickersgill is dedicated to high-quality care at a reasonable team members reaching beyond themselves to We are grateful for all that is made possible helping each person achieve, with cost, and promote each resident’s extend support and comfort to neighbors and through the donation of resources, both time dignity, the proper balance between vitality of spirit. friends. This culture of caring is embodied in all and money, by the generous people who make that we do across the Pickersgill campus. The people at Pickersgill up the Pickersgill family: the residents who Not only is caring part of the Pickersgill mission, call Pickersgill home, their friends and family it’s also integral to our culture. The practice of Retirement Community are members, our board, our exceptional staff, our caring is so deeply ingrained in our daily activities in a unique position to ask, resolute volunteers, and our dedicated community From the Cover: A painting by an unknown that we feel our interpretation of caring sets us sponsors. Thank you for your continued support artist depicting the intersection of Lexington and “How can I make your life better?” Calhoun Streets, off Franklin Square, in West apart from many other retirement communities. and love of our residents. Baltimore prior to 1928. The two buildings to Whether you are talking about our board of the left are the Aged Women’s Home and the directors, our employees, our residents, or our Aged Men’s Home. The Aged Women’s and Aged Men’s Homes were acquired by the City volunteers, the people at Pickersgill Retirement of Baltimore in 1959, and relocated to Chestnut Community are in a unique position to ask, of us will result in a seed that grows larger than Avenue in Towson to become the present day “How can I make your life better?” And the Pickersgill Retirement Community. anything we could have imagined, and the benefits answer to that question directs our culture of of this are felt throughout the entire community. caring. From caregivers and administrators that We are very proud of the culture of caring that we understand the needs of residents, to volunteers help to cultivate and grow each day at Pickersgill. who work tirelessly to plan and direct dozens of activities every month, to board members who are Our commitment to enhancing the lives of our dedicated to fulfilling the Pickersgill mission, we residents started more than two centuries ago Mrs. Carlyle Barton, Jr. Mrs. Dennis Finnegan Mrs. William A. Mangels Pickersgill Retirement never forget the importance of both quality of life in 1802, when a small group of ladies built the Faye Tully Barry Eisenberg Mrs. G. Wayne Berry Mrs. Robert W. Flower Mrs. Sandra Ortwein Community 2016 Board and resident care. foundation for what is now Pickersgill Retirement President, Board of Directors Executive Director Mrs. Brian W. Brooke, President Mrs. Jane S. Heill Mrs. Russell P. Rich of Directors Ms. Jana Corn Burch Mrs. Ellen Hennessey Mrs. Jack Smith Mrs. Marsha Carroll Mrs. Jean R. Lillquist Mrs. Stephen Tully Mrs. Gordon Croft Mrs. Carol Long Mackay 2 3 A Report from Pickersgill Retirement Community Financial Highlights Apartment Residents’ Association The purpose of the Residents’ Association is to enhance the welfare of the apartment residents OPERATIONAL REVENUE BY ASSETS 2016 2015 LIABILITIES & NET ASSETS 2016 2015 by promoting ways to make their lives more SOURCE interesting, enjoyable, and beneficial. CURRENT ASSETS CURRENT LIABILITIES Resident fees 12,298,080 Cash and cash equivalents $4,419,696 $3,669,003 Accounts payable $549,331 $513,414 The Association encourages fellowship and Contributions and Bequests 82,969 Short term investments 1,273,594 408,433 Accrued expenses 277,790 224,506 participation in all cultural, recreational, religious, and social programs. Association officers also Gains on Investments 799,606 Accounts receivable- net 359,428 463,989 Current portion of long-term debt 1,150,000 1,115,000 meet regularly with Pickersgill’s Executive Other 40,790 Accrued investment income 147,662 132,938 Total current liabilities 1,977,121 1,852,920 Director and staff, as well as with members of Prepaid expenses 205,858 209,784 LONG-TERM LIABILITIES the Pickersgill Board. Other current assets 18,430 84,103 Long-term debt, net of The following Association activities were Total current assets 6,424,668 4,968,250 current portion 24,279,711 25,349,003 recorded during 2016: From left to right: Nancy Campbell, Elinore Davidson, Bobbie Trammell, Jane Seipp, Sally Cartwright Derivative financial instrument 3,877,151 4,471,879 PROPERTY, PLANT AND • Residents formed a scholarship fund to benefit EQUIPMENT- NET 28,909,162 29,770,472 Security deposits 276,616 285,065 Pickersgill employees. Long-term liabilities 28,433,478 30,105,947 OTHER ASSETS • Continued an Annual “Meet and Greet” • $150 was donated to the Benevolent Care Fund Members of the Apartment Residents’ Total liabilities 30,410,599 31,958,867 Investments 57,953,149 55,931,749 between residents and board members. in memory of deceased residents. Association regularly volunteer to maintain the library, plants, and clocks; staff the convenience Resident fund reserves 261,827 270,181 NET ASSETS • Residents held two food drives for Towson area • Continued quarterly meeting with Executive store; and assist with religious services, social 2016 INVESTMENT COMMITTEE Deposits 204,658 205,763 Unrestricted 63,325,054 59,157,525 churches resulting in 20 boxes of canned foods Director to give facility satisfaction feedback. hours, games, and programs. We are all indebted Robert W. Bogue, Chairman Total other assets 58,419,634 56,407,693 Temporarily restricted 17,811 30,023 and over $1,600 in cash donations to Assistance • Purchased and planted hydrangeas throughout to the many Association volunteers and the ladies Monica Hausner Center for Towson Churches. Total net assets 63,342,865 59,187,548 property. Robert C. Lewis TOTAL ASSETS $93,743,464 $91,146,415 of the Board of Directors who give so generously • Expanded the “Meet and Greet” program to of their time. R. Taylor McLean TOTAL LIABILITIES • Wellness committee continues to expand their Michael A. Meredith include all behind-the-scenes employees. AND NET ASSETS $93,753,464 $91,146,415 programming for residents. Wilma Zimmerman Elinore Davidson • Formed choral group which performed at President, Pickersgill Apartment Residents’ • Celebrate residents’ birthdays at monthly social multiple Pickersgill events. Association 2016 gathering. 4 5 Special Thanks to Our Volunteers... Mrs. Francine Sellinger Pickersgill is also grateful to the many Volunteer Clergy and Msgr. Richard Tillman Ms. Jane Seipp students who choose to volunteer at Lay Ministers Church of the Immaculate Ms. Betty Shock Pickersgill from schools, colleges and Conception Ms. Ann Shuman universities all over the Baltimore The Rev. Joseph F. Barr The Rev. Arianne Weeks Rev. Ernest Smart metro area. The following schools were Church of the Immaculate Church of the Good Shepherd Ms. Janice Smart represented in 2016: Conception The Rev. Tally Wilgis Mrs. Jean Smith Lay Minister Beulah Brown Captivate Christian Church Calvert Hall High School Pickersgill Retirement Community is enormously grateful to its volunteers. From visiting Mr. Jack Smith Faith Christian Fellowship Faye Tully Friends School Mrs. Judy Smith Lay Minister Jack Danz Music Ministry with pets to helping residents to get to various activities, our volunteers selflessly give Garrison Forest School Mrs. Daisy Strasinger Grace United Methodist their time and talents to enhance the quality of life for Pickersgill residents. Gilman Boys School Mrs. Mae Strom The Rev. Garet Ellis The John Carroll School Ms. Midge Taylor First Luthern Church Loch Raven High School Mrs. Cathy Ten Broeck Lay Minister Richard Evans Mrs. Cathy Applefeld Mrs. Joyce Cohen Ms. Ann Harper Mrs. Jean Lillquist Loyola Blakefield High School Ms. Bobbi Trammell Church of the Immaculate Ms. Sara Bagheri Mrs. Jane Croft Ms. Dorothy Hasson Ms. Grace Lombardi Maryvale Ms. Sally Tullis Conception Mrs. Phyllis Bankard Ms. Catherine Cronin Ms. Nancy Heese Mrs. Carol Long Mackay McDonough High School Mrs. Faye Tully The Rev. Nick Ganas Mrs. Mary Barton Mr. Edmund Cronin Mrs. Jane Heill Mrs. Ann Mangels Notre Dame Prep Mrs. Charlotte Turadian Timonium Presbyterian Church Ms. Christina Beltran Mr. Jack Danz Mrs. Ellen Hennessey Mr. Bill Mangels School of the Cathedral of Mary Our Mrs. Joyce Lee Tyler Lay Minister Lynn Lehneis Ms. Grace Benson Ms. Tina Darrell Ms. Brigitte Henning Ms. Marilyn Melton Queen Ms. Marilyn Van Tassell Church of the Immaculate Mrs. Rosemary Berry Mrs. Elinore Davidson Mrs. JoAnne Holback Ms. Renate Milewich St. Paul’s School for Girls Ms. Lynn Walker Conception Mr. Jim Bjorkholm Mr. Dick Davidson Ms. Mary Holland Ms. Patty Mochel St. Timothy’s School Mr. Randy Wolford Lay Minister Judy Lichty Ms.

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