2023-08-15T11:50:28-05:00 2022-09-30 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2021-10-01 452666295 BSLC II BSLC 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 37563174 0 X www.bethesdaseniorliving.com X 2011 NE To serve seniors by enriching their physical, emotional and spiritual health in our communities. 8 4 0 14 0 0 841903 2199527 29404214 31217868 257877 91502 96540 134378 30600534 33643275 3447164 3389 0 0 12562621 13691874 0 0 0 16097439 18335246 32107224 32030509 -1506690 1612766 101154124 100378798 94943590 93457105 6210534 6921693 To serve seniors by enriching their physical, emotional, and spiritual health in a nurturing environment 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 30008256 3389 31339681 Development and operation of tax exempt assisted living communities, independent living communities, and memory care facilities for seniors in Colorado, Texas, and Missouri. Cared for an average of 619 residents during the fiscal year ended 9/30/2022. 30008256 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 100 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 4 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CO X Nathan Merrill 7194810100 15475 Gleneagle Drive Colorado Springs CO 80921 X Dana Rasic President & Director 8.00 46.00 X X 0 334716 34331 Nathan Merrill CFO, Treasurer & Director 10.00 40.00 X X 0 249122 34070 Rick Summers Vice President & Director 20.00 30.00 X X 0 235196 20773 Joshua Thomas VP of Strategy & Development 18.00 27.00 X 0 165168 15865 Andrew McCormick Regional Director of Operations 18.00 27.00 X 0 136819 26558 Kris Gillen VP of Sales & Marketing 18.00 27.00 X 0 156710 5112 Willam Schwingen Regional Director of Operations 18.00 27.00 X 0 136596 24067 Bryan Beamer VP Construction 18.00 27.00 X 0 127073 4322 Michelle Ingerson VP Health Services 18.00 27.00 X 0 130246 13259 Jenny Kennedy Secretary & Director 2.00 45.00 X X 0 120014 13629 Austin Harbach Assistant Secretary 10.00 38.00 X 0 79393 12188 Dale Turner Director 3.00 9.00 X 28500 28500 3483 Don Morgan Director 4.00 8.00 X 0 57000 3385 Daniel Vagle Director 2.00 10.00 X 0 57000 3609 Larry Smith Director 3.00 9.00 X 0 30875 827 Tom Workman Assistant Secretary 1.00 4.50 X 0 0 0 28500 2044428 215478 0 0 1 0 Healthcare Services Group LLC PO Box 829677 Philadelphia PA 19182 Food & Housekeeping Services 2069128 Great West Construction LLC 1491 Tuskegee Place Ste C Colorado Springs CO 80915 Construction 571560 The Carpet Shoppe Inc 1827 E Seminole Springfield MO 65804 Flooring Installation Services 443344 Direct Supply Inc PO Box 88201 Milwaukee WI 532880201 Software & Installation Services 383918 Trane US Inc PO Box 98167 Chicago IL 60693 HVAC Services 269019 11 2197232 2295 2199527 Assisted Living 722320 30561702 30561702 Community Fees 900099 656166 656166 31217868 137548 137548 12565 0 12565 12565 12565 3870651 3202 3919774 125 -49123 3077 -46046 -46046 121813 121813 121813 33643275 31339681 0 104067 3389 3389 9500 9500 11703251 11703251 131639 131639 909951 909951 937533 937533 1883211 1883211 45684 45684 22326 22326 17371 17371 3186581 3151177 35404 532684 532684 2345376 2337445 7931 187719 187719 3150275 3132803 17472 63199 63115 84 39469 39469 2050012 2050012 3490905 3468895 22010 1122770 1115826 6944 Bad Debts 105841 105841 Dues, Licenses and Fees 91823 91823 32030509 30008256 2022253 0 224833 64572 107271 75567 885034 225657 33463 42999 355150 329614 85265491 48557272 38865845 36708219 3779548 3699165 1177370 676138 55725610 58556867 101154124 100378798 1606557 1384175 286095 347151 93050938 91725779 94943590 93457105 X 6210534 6921693 6210534 6921693 101154124 100378798 1612766 -901607 0 X 0 1 X 1 0 X X 2 Bethesda Foundation 470497753 10 1 0 0 Bethesda Ministries 841087689 7 0 3389 0 2 3389 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 Part IV, Section A, Line 1 Although Bethesda Foundation is listed in the governing documents of BSLC II, Bethesda Ministries is not. In accordance with the 990 instructions, the supporting organization may designate its supported organization(s) by class or purpose or by name. BSLC II was incorporated to support the purpose of Bethesda Foundation, along with other supported organizations that are designated by purpose in accordance with the governing documents. Part IV, Section B, Line 2 Per the above explanation for Part IV, Section A, Line 1, Bethesda Ministries is a designated supported organization. Bethesda Foundation controls both Bethesda Ministries and BSLC II, the filing organization. Schedule A, Part II: BSLC II has determined that, notwithstanding its classification as an organization described in section 509(a)(3), it nonetheless meets the public support test applicable to organizations described in section 170(b)(1)(A)(vi) and is therefore permitted to use the first special rule listed on page 1 of Schedule B in determining the threshold for listing donors on Schedule B, Part I. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 0 0 0 32030509 110980874 32030509 110980874 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1500000 250000 250000 375000 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. 2322679 2322679 76003634 43072442 32931192 6794488 5484830 1309658 144690 144690 36708219 Escrow 8300 Intercompany receivables 56793323 Bond Reserve Fund 1755244 58556867 0 0 0 0 0 0 0 0 0 Dana Rasic President & 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 0 208297 0 21600 0 5299 0 6084 0 14929 0 256209 0 0 Joshua Thomas VP of Strategy & Development 0 152139 0 11525 0 1504 0 4616 0 11489 0 181273 0 0 Andrew McCormick Regional Director of Operations 0 125819 0 10525 0 475 0 4058 0 22740 0 163617 0 0 Kris Gillen VP of Sales & Marketing 0 144649 0 10925 0 1136 0 4286 0 1067 0 162063 0 0 Willam Schwingen Regional Director of Operations 0 120398 0 14038 0 2160 0 4005 0 20303 0 160904 0 0 A Colorado Health Facilities Authority 840752932 19648FJA3 2018-12-27 95743545 Improvement and Refunding Issues 5/2/2016, 2/7/2014, 9/26/2011 0 0 1 A 4908027 95743545 1995402 93748143 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 BSLC II Schedule K reflects the proportionate amount of the 2018 bond issue used by or for the benefit BSLC II. The remaining portion of the 2018 bond issue is reported on Schedule K for Bethesda Foundation, a related entity, to reflect the amount used by or for the benefit of Bethesda Foundation. Form 990, Part V, Line 2a: Staff are compensated by a related organization, Bethesda Foundation, under a shared services management agreement. Under the shared services agreement, employees split their time between BSLC II and Bethesda Foundation and therefore there are no employees who work solely for the filing organization. Bethesda Foundation files all required payroll information returns as required by the IRS. Part IX, Lines 7-10 represent the filing organization's share of the compensation expense under the shared services agreement. Form 990, Part VI, Section A, line 2 Dan 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 BSLC II's communities are managed by Bethesda Foundation under a management contract. See explanation for Part V, Line 2a. Form 990, Part VI, Section A, line 7a The Board of Directors of Bethesda Foundation appoints the Directors of BSLC II. 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. Management answers all questions and incorporates the changes, if necessary, into the Form 990 prior to filing. 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 BSLC II does not have employees or officers that receive compensation through BSLC II. All functions of running BSLC II communities have been delegated to Bethesda Foundation under a management contract. Therefore, these lines were answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy and audited financial statments 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. Bethesda Associates 15475 Gleneagle Drive Colorado Springs CO 80921 841087692 Support Org NE 501(c)(3) Line 12a, I Bethesda Foundation 0 Bethesda Ministries 15475 Gleneagle Drive Colorado Springs CO 80921 841087689 Humanitarian Aid Focused on Children NE 501(c)(3) Line 7 Bethesda Foundation 0 Bethesda Christian Broadcasting 15475 Gleneagle Drive Colorado Springs CO 80921 841162754 Christian Radio NE 501(c)(3) Line 10 Bethesda Foundation 0 Bethesda Foundation 15475 Gleneagle Drive Colorado Springs CO 80921 470497753 Asst'd Living NE 501(c)(3) Line 10 N/A 0 Mission of Mercy Trust 15475 Gleneagle Drive colorado Springs CO 80921 841469496 Charitable Trust CO 501(c)(3) Line 12a, I Bethesda Ministries 0 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 Mgmt CO N/A C 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 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