2025-10-21T16:49:57-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-01-01 521368410 LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC LAKE 8045219206 3961 STILLMAN PARKWAY GLEN ALLEN VA 23060 JONATHAN COOK CHIEF EXECUTIVE OFFICER 8045219206 2025-10-21 1 1 KATHRINE A WARLICK P02065266 7049985200 2025-10-21 2024 2025-03-06 01:10:19Z JONATHAN COOK 3961 STILLMAN PARKWAY GLEN ALLEN VA 23060 46915081 0 X WWW.LIFESPIRELIVING.ORG X 1969 VA TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY. 17 17 0 27 0 0 121572 390833 42358960 44809995 306612 1677455 45229 36798 42832373 46915081 581625 583158 0 0 16288315 18936487 0 0 0 23426623 25039935 40296563 44559580 2535810 2355501 213553103 216778109 157539983 157728061 56013120 59050048 TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY. 0 0 41957683 583158 44809995 WE WERE ABLE TO PROVIDE BOTH RESIDENTIAL AND HEALTH CARE SERVICES TO OUR RESIDENTS, SOME OF WHOM ARE UNABLE TO COVER THE FULL COST OF THEIR CARE. WE PROVIDED $583,158 IN SUBSIDIES AND INDIGENCE ALLOWANCES TO OUR RESIDENTS IN 2024, PERTAINING TO 17 RESIDENTS. 41957683 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 65 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X JONATHAN COOK 8045219206 3961 STILLMAN PKWY GLEN ALLEN VA 23060 REVNELSON HARRIS CHAIR 1.00 0.00 X X 0 0 0 MRSSARA L MARCHELLO VICE CHAIR 1.00 0.00 X X 0 0 0 MR MATTHEW SCOTT SECRTARY 1.00 0.00 X X 0 0 0 MR JAMES BALES TRUSTEE 1.00 0.00 X 0 0 0 MSSHARON BROOKS TRUSTEE 1.00 0.00 X 0 0 0 DRVALERIE CARTER TRUSTEE 1.00 0.00 X 0 0 0 REVDAN CARLTON TRUSTEE 1.00 0.00 X 0 0 0 MR SCOTT CAVE TRUSTEE 1.00 0.00 X 0 0 0 DRTIFFANY FRANKS TRUSTEE 1.00 0.00 X 0 0 0 MR JOHN JUNG TRUSTEE 1.00 0.00 X 0 0 0 MR ARNE OWENS TRUSTEE 1.00 0.00 X 0 0 0 DRPAM PARSONS TRUSTEE 1.00 0.00 X 0 0 0 MR JIM POATS TRUSTEE 1.00 0.00 X 0 0 0 MR JOHN POMA TRUSTEE 1.00 0.00 X 0 0 0 MRS SUSAN RUCKER TRUSTEE 1.00 0.00 X 0 0 0 MR GARY THOMSON TRUSTEE 1.00 0.00 X 0 0 0 MR JIM VAUGHT TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN COOK PRESIDENT & CEO 1.00 39.00 X 0 711925 48553 LISA LEGEER CSO 1.00 39.00 X 0 347887 57588 TRACEY JENNINGS COO 1.00 39.00 X 0 394404 45574 CHRISTOPHER MARKWITH CFO (THRU FEB 2024) 1.00 39.00 X 0 143720 12587 ERIK MAURITSEN CFO (AS OF MAY 2024) 1.00 39.00 X 0 160145 24428 JOHN P ROBINSON CMO 1.00 39.00 X 0 273378 66084 HEATHER CRUMBAUGH EXECUTIVE DIRECTOR 40.00 0.00 X 213233 0 47040 EMILY GRABAN ASSOCIATE EXECUTIVE DIRECTOR 40.00 0.00 X 173963 0 39970 HILLARY WINKELMANN DIRECTOR OF SALES & MARKETING 40.00 0.00 X 171714 0 45283 WINIFRED COOPER SALES & MARKETING COUNSELOR 40.00 0.00 X 142782 0 26883 DORI MARIETTA ASSOCIATE EXECUTIVE DIRECTOR 40.00 0.00 X 131488 0 0 FRANCIS SIMAL DIRECTOR OF PLANT OPERATIONS II 40.00 0.00 X 131387 0 23762 964567 2031459 437752 9 0 1 0 SELECT REHABILITATION PO BOX 71985 CHICAGO IL 60694 THERAPY SERVICES 988895 PERFORMANCE FOOD SERVICE 7420 RANCO RD RICHMOND VA 23228 FOOD SERVICE PROVIDER 976968 BWS LANDSCAPING 10412 DOW GIL RD ASHLAND VA 23005 MAINTENANCE CONTRACTOR 543251 SYSCO VIRGINIA 5081 SOUTH VALLEY PIKE HARRISONBURG VA 22801 FOOD SERVICE PROVIDER 473863 COLONIAL WEBB CONTRACTORS 1920 E PARHAM RD RICHMOND VA 23228 CONSTRUCTION CONTRACTOR 462558 30 375905 14928 390833 RESIDENTIAL SERVICES 623000 32462883 32462883 HEALTH CARE SERVICES 623000 10181770 10181770 CONTINUING CARE AT HOM 621610 1197974 1197974 967368 967368 44809995 979778 979778 36798 0 36798 36798 36798 697677 0 697677 697677 697677 46915081 44809995 0 1714253 583158 583158 260273 260273 15510660 14435726 1074934 301581 277281 24300 1708813 1576561 132252 1155160 1066121 89039 2102796 2102796 199990 61463 138527 478477 148258 330219 5384168 5384168 23320 23320 2867694 2867694 8039099 8039099 462861 462861 SUPPLIES 3670853 3670853 EQUIPMENT EXPENSE 318485 318485 DUES & TRAINING 206831 206831 DIETARY SUPPLIES 14913 14913 1270448 664653 605795 44559580 41957683 2601897 0 -72322 -5259 504382 329755 2039162 1236310 953251 1136925 61651 74325 197873309 91594975 108920628 106278334 25325307 24915173 332767 240458 75488277 82572088 213553103 216778109 3179485 2690799 53789816 52118352 100570682 102918910 157539983 157728061 X 54256603 57405604 1756517 1644444 56013120 59050048 213553103 216778109 X 2355501 654835 26592 X X 0 1 X 1 0 X 1219706 3147512 310085 121572 390833 5189708 36357993 37929472 40117260 41777335 44809995 200992055 37577699 41076984 40427345 41898907 45200828 206181763 0 0 0 206181763 513433 749843 746946 759629 1016576 3786427 513433 749843 746946 759629 1016576 3786427 38091132 41826827 41174291 42658536 46217404 209968190 0.98200 0.97960 0.01800 0.01860 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 187 187 0 PART II-B, LINE 1: A PORTION OF THE ORGANIZATION'S ASSOCIATION DUES ARE ALLOCATED TO LOBBYING. 5752211 21858 5774069 5741051 11160 5752211 5611490 129561 5741051 5388249 223241 5611490 5265183 123066 5388249 0.00000 0.80136 0.19864 0 1 1 2337075 2337075 147687638 55062465 92625173 35689659 30121099 5568560 12158937 6411411 5747526 106278334 NON CURRENT INVESTMENTS 20967849 F BOND INDENTURE 3947324 F 24915173 DUE FROM AFFILIATES 82058821 BENEFICIAL INTEREST IN PERPETUAL TRUST 513267 82572088 DEFERRED ENTRANCE FEES 74006411 DUE TO AFFILIATES 28672050 OPERATING LEASE PAYABLE 240449 102918910 X PART V, LINE 4: VIRGINIA BAPTIST HOMES FOUNDATION, INC., A RELATED ORGANIZATION, HOLDS AND ADMINISTERS ENDOWMENTS FOR ALL OF THE RELATED ORGANIZATIONS LISTED IN SCHEDULE R. THE ENDOWMENTS ARE TO BE USED TOWARDS THE CONTINUATION OF RESIDENT SERVICES. THE AMOUNTS SHOWN IN PART V REPRESENT THE AGGREGATE BALANCE OF THE DONOR-RESTRICTED ASSETS HELD BY THE FOUNDATION ON BEHALF OF ALL RELATED ORGANIZATIONS. PART X, LINE 2: LIFESPIRE AND EACH OF ITS SUBSIDIARIES ARE NONPROFIT ORGANIZATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). LIFESPIRE AND EACH OF ITS SUBSIDIARIES FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF ANY OF THE ENTITIES. MANAGEMENT IS NOT AWARE OF ANY SIGNFICIANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, OR EXCISE OR OTHER TAXES FOR LIFESPIRE OR ITS SUBSIDIARIES. LIFESPIRE AND EACH OF ITS SUBSIDIARIES FOLLOW GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE HAS HAD NO IMPACT ON LIFESPIRE'S CONSOLIDATED FINANCIAL STATEMENTS. 1 BENEVOLENCE 17 583158 PART I, LINE 2: THE ORGANIZATION GRANTS ASSISTANCE TOWARDS MONTHLY FEES THROUGH A FINANCIAL AID APPLICATION PROCESS. GRANTS ARE AWARDED IN THE FORM OF A REDUCTION OF RESIDENT MONTHLY FEES. 0 1 0 0 0 1 1 0 0 JONATHAN COOK PRESIDENT & CEO 0 477238 0 234687 0 0 0 39604 0 8949 0 760478 0 0 TRACEY JENNINGS COO 0 314303 0 80101 0 0 0 33421 0 12153 0 439978 0 0 LISA LEGEER CSO 0 273949 0 73938 0 0 0 44114 0 13474 0 405475 0 0 JOHN P ROBINSON CMO 0 192127 0 81251 0 0 0 34117 0 31967 0 339462 0 0 HEATHER CRUMBAUGH EXECUTIVE DIRECTOR 189401 0 23832 0 0 0 20784 0 26256 0 260273 0 0 0 HILLARY WINKELMANN DIRECTOR OF SALES & MARKETING 98553 0 73161 0 0 0 29352 0 15931 0 216997 0 0 0 EMILY GRABAN ASSOCIATE EXECUTIVE DIRECTOR 163530 0 10433 0 0 0 15190 0 24780 0 213933 0 0 0 ERIK MAURITSEN CFO (AS OF MAY 2024) 0 160145 0 0 0 0 0 15561 0 8867 0 184573 0 0 WINIFRED COOPER SALES & MARKETING COUNSELOR 71332 0 71450 0 0 0 16481 0 10402 0 169665 0 0 0 CHRISTOPHER MARKWITH CFO (THRU FEB 2024) 0 143720 0 0 0 0 0 5956 0 6631 0 156307 0 0 FRANCIS SIMAL DIRECTOR OF PLANT OPERATIONS II 123406 0 7981 0 0 0 12150 0 11612 0 155149 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES IS SET BY THE BOARD OF TRUSTEES OF A RELATED ORGANIZATION, AFTER DELIBERATION, INCLUDING REVIEW OF THE "CHIEF EXECUTIVE OF MULTI-FACILITY ORGANIZATIONS COMPENSATION REPORT AND OTHER SENIOR LIVING INDUSTRY COMPARABILITY REPORTS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. PART I, LINE 4B J COOK SERP $76,153 PART I, LINE 6 EFFECTIVE IN 2016 THE BOARD OF TRUSTEES IMPLEMENTED AN INCENTIVE COMPENSATION PLAN BASE ON SEVERAL SPECIFIED FACTORS, ONE OF WHICH IS ADJUSTED NET OPERATING MARGIN. A EDA OF NEWPORT NEWS 521290859 65225PAM8 2016-10-01 91459243 TO REFUND 2006 TAX-EXEMPT BONDS AND SECURED DEBT 0 0 1 B EDA OF HENRICO COUNTY VIRGINIA 541197472 42605QFJ7 2017-12-21 49750000 TO FUND PROJECT COSTS OF THE LAKEWOOD RENOVATIONS 0 0 1 A 5983117 19248261 1325407 296610 17626244 1 0 1 0 B 6058650 44491517 3326750 4424278 1035733 33082043 2622713 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 1 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 6 VIRGINIA BAPTIST HOMES, INC. IS THE SOLE MEMBER OF LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY, INC. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THIS FORM 990 IS REVIEWED IN DETAIL BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER, AND CONTROLLER, IN CONSULTATION AS NECESSARY WITH THE ORGANIZATION'S AUDIT/ACCOUNTING FIRM AND PREPARER. FOLLOWING THE INTERNAL REVIEW, THE 990 IS SENT TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW, AND THE FULL BOARD IS NOTIFIED THAT THE RETURN IS AVAILABLE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND THE VIRGINIA BAPTIST HOMES, INC. COMPLIANCE OFFICER MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY, IN ACCORDANCE WITH THE VBH CORPORATE COMPLIANCE PROGRAM. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES IS SET BY THE BOARD OF TRUSTEES OF A RELATED ORGANIZATION, AFTER DELIBERATION, INCLUDING REVIEW OF THE "CHIEF EXECUTIVE OF MULTI-FACILITY ORGANIZATIONS COMPENSATION REPORT AND OTHER SENIOR LIVING INDUSTRY COMPARABILITY REPORTS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND ASSOCIATED MATERIALS ARE MADE AVAILABLE AT, OR BY REQUEST TO, EITHER THE BUSINESS' LOCATION OR THE HEADQUARTERS OF VIRGINIA BAPTIST HOMES, INC. THE FORM 990 MAY ALSO BE VIEWED ON CERTAIN THIRD PARTY WEBSITES. FORM 990, PART XI, LINE 9: CHANGE IN PV OF PERPETUAL TRUSTS 26,592. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. VIRGINIA BAPTIST HOMES INC 1900 LAUDERDALE DR RICHMOND VA 23238 540534405 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 12A, I N/A 0 VIRGINIA BAPTIST HOMES FOUNDATION INC 1900 LAUDERDALE DR RICHMOND VA 23238 521373103 SUPPORT FOR VBH NONPROFITS VA 501(C)(3) LINE 12A, I N/A 0 NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC 955 HARPERVILLE RD NEWPORT NEWS VA 23601 521368408 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 10 N/A 0 CULPEPER BAPTIST COMMUNITY INC PO BOX 191 CULPEPER VA 22701 521368412 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 10 N/A 0 THE GLEBE INC 200 THE GLEBE BLVD DALEVILLE VA 24083 541917966 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 10 N/A 0 LYNCHBURG BAPTIST RETIREMENT COMMUNITY LLC 3961 STILLMAN PKWY GLEN ALLEN VA 23060 871532163 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 10 N/A 0 VBH CAPGRO INC 3961 STILLMAN PARKWAY GLEN ALLEN VA 23060 994277603 HOLDING COMPANY VA 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0