2023-08-15T10:44:59-05:00 2022-09-30 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2021-10-01 470497753 Bethesda Foundation BETH 7194810100 15475 Gleneagle Drive Colorado Springs CO 80921 Nathan Merrill CFO, Treasurer & Director 7194810100 2023-08-15 1 Nathan Merrill 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Bethesda Senior Living Communities Dana Rasic 15475 Gleneagle Drive Colorado Springs CO 80921 50625328 0 X www.bethesdaseniorliving.com X 1959 NE Serving seniors by enriching their physical, emotional and spiritual health. 8 4 1597 49 1200 29560 4593894 4034057 38454743 43617790 184782 726090 173758 186793 43407177 48564730 583439 29861 0 0 22342864 23039100 0 0 0 24563411 27575014 47489714 50643975 -4082537 -2079245 104909820 103543302 98056701 98695352 6853119 4847950 To serve seniors by enriching their physical, emotional, and spiritual health in a nurturing lifestyle at our communities. Our vision: to expand outreach and service to as many communities as God wills through expansion, acquisition, management contracts and programming. 0 0 44049016 29861 43786071 Development and operation of tax exempt assisted living communities, independent living communities, and memory care facilities for seniors in Arizona, Colorado, Missouri, Nebraska, and Texas. Cared for an average of 891 residents during the fiscal year ended 9/30/2022. 44049016 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 170 0 1 1597 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 8 4 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ CO IN KS OR WA X Nathan Merrill 7194810100 15475 Gleneagle Drive Colorado Springs CO 80921 X Dana Rasic President, Chair & Director 18.00 36.00 X X 0 334716 34331 Nathan Merrill CFO, Treasurer & Director 17.00 33.00 X X 0 249122 34070 Rick Summers Vice President & Director 18.00 32.00 X X 235196 0 20773 Joshua Thomas VP of Strategy & Development 27.00 18.00 X 165168 0 15865 Andrew McCormick Regional Director of Operations 27.00 18.00 X 136819 0 26558 Kris Gillen VP of Sales & Marketing 27.00 18.00 X 156710 0 5112 William Schwingen Regional Director of Operations 27.00 18.00 X 136596 0 24067 Bryan Beamer VP Construction 27.00 18.00 X 127073 0 4322 Michelle Ingerson VP Health Services 27.00 18.00 X 130246 0 13259 Jenny Kennedy Secretary & Director 2.00 45.00 X X 0 120014 13629 Austin Harbach Assistant Secretary 16.00 32.00 X 0 79393 12188 Dale Turner Director 4.00 8.00 X 0 57000 3483 Daniel Vagle Vice Chair & Director 2.00 10.00 X X 28500 28500 3609 Don Morgan Director 4.00 8.00 X 28500 28500 3385 Larry Smith Director 5.00 7.00 X 30875 0 827 Tom Workman Assistant Secretary 1.00 4.50 X 0 0 0 1175683 897245 215478 19 0 1 0 Great West Construction LLC 1491 Tuskegee Place Ste C Colorado Springs CO 80915 Construction 2045677 Ridge View Construction Inc 12075 Silver Concho Trail Elbert CO 80106 Construction 1165715 Healthcare Services Group PO Box 829677 Philadelphia PA 191829677 Food & Housekeeping Services 1134921 The Carpet Shoppe Inc 1827 E Seminole Springfield MO 65804 Flooring Installation Services 774446 Lantz-Boggio Architects PC 5650 DTC Parkway 200 Englewood CO 80111 Architectual Design 624778 14 4013441 20616 4034057 Assisted Living 722320 40583035 40583035 Subsidiary Mgmt 900099 2299161 2299161 Community Fees 900099 735594 735594 43617790 146174 146174 17312 1200 0 0 17312 1200 18512 1200 17312 2140514 500000 2057870 2728 82644 497272 579916 579916 168281 168281 168281 48564730 43786071 1200 743402 X 29861 29861 578092 578092 19307623 17121575 2186048 267192 220568 46624 1411436 1320421 91015 1474757 1313579 161178 536150 536150 88502 20079 68423 41800 8600 33200 26479 26479 5617451 4463672 1153779 1016749 986808 29941 3651619 3613419 38200 790792 285374 505418 3879188 3655692 223496 639769 112828 526941 158381 69579 88802 3969497 3969497 5247267 5035226 212041 1567178 1530161 37017 Bad Debts 167451 150260 17191 Dues, Licenses and Fees 141817 141817 Bond Admin Fees 26303 26303 Taxes 8621 8621 50643975 44049016 6594959 0 7600911 1925281 48585 13046 1051487 2588542 2500000 3000000 92036 69603 522071 468888 137861565 56191721 78578666 81669844 2468530 382745 5613417 6169104 4494000 4494000 1940117 2762249 104909820 103543302 3205758 4322510 232606 567509 24538039 24102745 11047849 11098676 5892000 53140449 58603912 98056701 98695352 X 6853119 4847950 6853119 4847950 104909820 103543302 X -2079245 70553 3523 X 0 1 X 1 0 X 1663 1207417 752639 4593894 4034057 10589670 33777168 35156152 36504187 38454743 43617790 187510040 486700 395558 882258 34265531 36759127 37256826 43048637 47651847 198981968 0 1601129 1797321 1794513 878547 1403026 7474536 1601129 1797321 1794513 878547 1403026 7474536 191507432 504459 303347 139651 223763 163486 1334706 504459 303347 139651 223763 163486 1334706 8972 263 44441 34931 88607 146194 113318 93469 104762 168281 626024 34925156 37176055 37534387 43377162 48018545 201031305 0.95260 0.94730 0.00660 0.00830 X Schedule A, Part III, Line 12, Explanation of Other Income: Miscellaneous income - 2017 Amount: $ 146,194. 2018 Amount: $ 113,318. 2019 Amount: $ 93,469. 2020 Amount: $ 104,762. 2021 Amount: $ 168,281. Schedule A, Part III: The organization is a public charity under section 509(a)(2) and completes Schedule A (Form 990), Part III. The organization has analyzed Schedule A (Form 990), Part II and established that it meets the 33 1/3% public support requirements under sections 509(a)(1) and 170(b)(1)(A)(vi), thus it qualifies to use the first listed special rule for Schedule B (Form 990) reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 0 0 0 51029856 110980874 51029856 110980874 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 447 1311 1758 250000 250000 250000 250000 1000000 1500000 447 1311 1758 Part II-A: Per the IRS instructions, the organization is required to complete Schedule C because they have a 501(h) election in place. During the year, the organization did not have any lobbying activity to report. 13620155 13620155 111891589 48534645 63356944 10885827 7657076 3228751 1463994 1463994 81669844 Limited Partnerships 2877247 C Hedge Funds 1638108 C Real Estate 1364243 C Captive Insurance 289506 C 6169104 Intercompany payables 58603912 58603912 Central America and the Caribbean 0 0 Investments 420532 0 0 0 0 0 0 420532 0 420532 0 0 0 0 1 0 Part III Accounting Method: Part IV, Line 5 The organization has analyzed its ownership in the foreign partnership and has determined that it does not meet the reporting threshold for filing Form 8865. 1 Bethesda MinistriesOneChild 15475 Gleneagle Dr Colorado Springs CO 80921 841087689 501(c)(3) 12252 0 Support Operations 1 0 Part I, Line 2: The board of directors of Bethesda Foundation has responsibility for ongoing oversight of the charitable operations of Bethesda Ministries. Four directors of Bethesda Foundation sit on the board of directors of Bethesda Ministries, so they are involved in the financial oversight and use of all Bethesda Ministries funds to see that they are used for the intended purpose. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 Dana Rasic President, Chair & Director 0 317556 0 10000 0 7160 0 9166 0 35188 0 379070 0 0 Nathan Merrill CFO, Treasurer & Director 0 214867 0 19000 0 15255 0 6796 0 33983 0 289901 0 0 Rick Summers Vice President & Director 208297 0 21600 0 5299 0 6084 0 14929 0 256209 0 0 0 Joshua Thomas VP of Strategy & Development 152139 0 11525 0 1504 0 4616 0 11489 0 181273 0 0 0 Andrew McCormick Regional Director of Operations 125819 0 10525 0 475 0 4058 0 22740 0 163617 0 0 0 Kris Gillen VP of Sales & Marketing 144649 0 10925 0 1136 0 4286 0 1067 0 162063 0 0 0 William Schwingen Regional Director of Operations 120398 0 14038 0 2160 0 4005 0 20303 0 160904 0 0 0 Part I, Line 1a Travel for companions was provided to William Schwingen, Regional Director of Operations and Joshua Thomas, VP of Strategy & Development. This benefit was included in taxable compensation. In order to assist in promoting a healthy lifestyle for its employees, the organization reimburses employees up to $40 per month to cover 50% of the cost of a gym membership. These expenses are submitted to management for approval. These reimbursements are taxable to the employee and included in their compensation. Rick Summers, Joshua Thomas and Kris Gillen participated in the program during the year. Part I, Line 7 The organization and related entities pay discretionary bonuses to their officers, directors, and key employees from time to time. The frequency and amount of the bonuses are determined by the Administrative Committee, CEO, or other management, and based on factors such as overall job performance, substantial extra projects, etc. The organizations do not have any employment contracts which obligate the payment of bonuses in the future. A Colorado Health Facilities Authority 840752932 19648FJA3 2018-12-27 28324417 Improvement and Refunding Issues 5/2/2016, 2/7/2014, 9/26/2011 0 0 1 A 1451973 28324417 485957 5007163 22831297 2018 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I and Part II The Bethesda Foundation Schedule K reflects the proportionate amount of the 2018 bond issue used by or for the benefit of Bethesda Foundation. The remaining portion of the 2018 bond issue is reported on Schedule K for BSLC II, a related entity, to reflect the amount used by or for the benefit of BSLC II. Form 990, Part VI, Section A, line 2 Daniel Vagle and Dale Turner have a family relationship. Dana Rasic, Nathan Merrill, Dale Turner, Austin Harbach and Tom Workman serve as officers of a related corporate entity which creates a business relationship. Form 990, Part VI, Section A, line 3 Certain officer functions for Bethesda Foundation are performed by management of Bethesda Associates under a cost-sharing practice. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and is reviewed in detail by the CFO and Accounting Manager. The final version of the Form 990 is distributed via email to the organization's Board of Directors for review and comments over a two day period prior to filing. Management answers all questions and incorporates the changes, if necessary, into the Form 990 prior to filing. After two days, the review period is closed. Form 990, Part VI, Section B, line 12c Conflict of interest forms are completed annually by officers, directors, and key employees and are presented to the board for approval. When a potential conflict arises during the year, the officer, director, or key employee is responsible for updating the conflict of interest form and the revised form is provided to the board for approval. If there are any conflicts of interest approved by the board, the individual with the conflict is precluded from participating in any discussions or decisions related to the organization. Form 990, Part VI, Section B, line 15 The organization utilizes the services of Payscale,Inc. to perform regular independent compensation studies for all officers and key employees and the results are provided to the Administrative committee of the board for review and approval. The approval process is documented in the minutes. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and audited financial statements are available upon request. Form 990, Part VII Many of the officers and directors provide services to affiliated organizations. The hours shown are specific to this organization but the compensation is total compensation for services provided to all of the affiliated organizations. Part VII, Section A Independent Board Members Board members Daniel Vagle, Dale Turner, Don Morgan and Larry Smith were reasonably compensated solely for services provided in their capacity as members of the governing body. Therefore they are independent members of the board. Form 990, Part IX, line 11g Other fees: Program service expenses 4,463,672. Management and general expenses 163,220. Fundraising expenses 0. Total expenses 4,626,892. Intercompany fees: Program service expenses 0. Management and general expenses 990,559. Fundraising expenses 0. Total expenses 990,559. Form 990, Part XI, line 9: Change in investment in captive insurance held by related organization 3,523. BSLC Thornton LLC 15475 Gleneagle Drive Colorado Springs CO 80921 464174496 Senior Living CO 5691997 14796756 Bethesda Foundation BSLC Loveland LLC 15475 Gleneagle Drive Colorado Springs CO 80921 464185812 Senior Living CO 4511742 18612244 Bethesda Foundation BSLC Monument LLC 15475 Gleneagle Drive Colorado Springs CO 80921 300882536 Senior Living CO 2972571 10117910 Bethesda Foundation BSLC Frisco LLC 15475 Gleneagle Drive Colorado Springs CO 80921 300895578 Assisted Living Facility CO 3709869 15042523 Bethesda Foundation BSLC Springfield Condos LLC 15475 Gleneagle Drive Colorado Springs CO 80921 832109850 Independent Living CO 462164 1639807 Bethesda Foundation Bethesda Gardens Broadmoor LLC 15475 Gleneagle Drive Colorado Springs CO 80921 611961515 Assisted Living Facility CO 2790344 2128735 Bethesda Foundation Bethesda Gardens Grand Junction LLC 15475 Gleneagle Drive Colorado Springs CO 80921 364964645 Assisted Living Facility CO 2942686 2124361 Bethesda Foundation BSLC Phoenix Holdings LLC 15475 Gleneagle Drive Colorado Springs CO 80921 863288097 Property owner CO 386173 6236066 Bethesda Foundation Bethesda Ministries 15475 Gleneagle Drive Colorado Springs CO 80921 841087689 Humanitarian Aid Focused on Children NE 501(c)(3) Line 7 Bethesda Foundation 1 Bethesda Associates 15475 Gleneagle Drive Colorado Springs CO 80921 841087692 Support Org NE 501(c)(3) Line 12a, I Bethesda Foundation 1 BSLC II 15475 Gleneagle Drive Colorado Springs CO 80921 452666295 Assisted Living NE 501(c)(3) Line 12a, I Bethesda Foundation 1 Bethesda Christian Broadcasting 15475 Gleneagle Drive Colorado Springs CO 80921 841162754 Christian Radio NE 501(c)(3) Line 10 Bethesda Foundation 1 Mission of Mercy Trust 15475 Gleneagle Drive Colorado Springs CO 80921 841469496 Charitable Trust CO 501(c)(3) Line 12a, I Bethesda Ministries 1 LifeStream Complete Senior Living Inc 11555 West Peoria Avenue Youngtown AZ 85363 237458267 Assisted Living AZ 501(c)(3) Line 10 0 LifeStream Complete Senior Living at Thunderbird Inc 11555 West Peoria Avenue Youngtown AZ 85363 860739097 Assisted Living AZ 501(c)(3) Line 10 0 LifeStream Complete Senior Living at NorthEast Phoenix Inc 11555 West Peoria Avenue Youngtown AZ 85363 860682800 Assisted Living AZ 501(c)(3) Line 10 0 LifeStream Complete Senior Living at Sunridge Inc 11555 West Peoria Avenue Youngtown AZ 85363 860712529 Assisted Living AZ 501(c)(3) Line 10 0 Bethesda Real Estate Company 15475 Gleneagle Drive Colorado Springs CO 80921 841133889 Real Estate Management CO Bethesda Associates C 68505 700594 1.00000 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 Bethesda Associates K 65934 Actual Amount BSLC II L 1883211 Actual Amount Bethesda Associates M 2775422 Actual Amount BSLC II O 13252267 Actual Amount Bethesda Associates P 3239687 Actual Amount BSLC II P 500000 Actual Amount Bethesda Associates Q 512236 Actual Amount Bethesda Ministries Q 164419 Actual Amount BSLC II Q 19740446 Actual Amount BSLC II R 4629101 Actual Amount Bethesda Associates S 706913 Actual Amount Bethesda Foundation 15475 Gleneagle Drive Colorado Springs CO 80921 470497753 X 0 0 0 51029856 51029856 1000000 250000 0 0 0 Bethesda Ministries 15475 Gleneagle Drive Colorado Springs CO 80921 841087689 0 0 0 21606160 21606160 1000000 250000 0 0 0 Bethesda Associates 15475 Gleneagle Drive Colorado Springs CO 80921 841087692 0 0 0 5594515 5594515 429726 107432 0 0 0 Bethesda Christian Broadcasting 15475 Gleneagle Drive Colorado Springs CO 80921 841087689 0 0 0 719834 719834 132975 33244 0 0 0 BSLC II 15475 Gleneagle Drive Colorado Springs CO 80921 452666295 X 0 0 0 32030509 32030509 1000000 250000 0 0 0 Mission of Mercy Trust 15475 Gleneagle Drive Colorado Springs CO 80921 841469496 0 0 0 0 0 0 0 0 0 0