2025-10-23T08:19:18-05:00 2024-12-31 994625061 CRI ADVISORS LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2024-01-01 580969850 BAPTIST RETIREMENT COMMUNITIES OF GEORGIA INC BAPT 7625002021 89 HIAWASSEE PARK DRIVE HIAWASSEE GA 30546 SHANNON WATSON PRESIDENT 7625002021 2025-08-08 1 1 TIFFANY T ORR CPA P01559485 7703948000 2025-08-08 2024 2025-03-06 01:10:19Z IGNITE LIVING SHANNON WATSON 89 HIAWASSEE PARK DRIVE HIAWASSEE GA 30546 5962646 0 X HTTPS://IGNITELIVING.COM/ X 1966 GA TO ENRICH THE LIVES OF ACTIVE AGING ADULTS BY EMPOWERING EACH INDIVIDUAL TO FLOURISH THROUGH A HOLISTIC APPROACH OF THE DIMENSIONS OF WELLNESS WITHIN A NURTURING, CHRISTIAN ENVIRONMENT. THE ORGANIZATION PROVIDES BELOW MARKET INDEPENDENT LIVING AT OUR TWO LOCATIONS: HIAWASSEE PARK IN THE MOUNTAINS OF NORTH GEORGIA; AND PALMETTO PARK IN PALMETTO, GEORGIA. 13 12 22 15 0 0 869721 111080 4921741 5316299 258024 149556 0 0 6049486 5576935 1271 1505 0 0 1859890 1898802 0 0 63289 4600650 4742050 6461811 6642357 -412325 -1065422 35857264 35397801 4831034 5222418 31026230 30175383 X TO ENRICH THE LIVES OF ACTIVE AGING ADULTS BY EMPOWERING EACH INDIVIDUAL TO FLOURISH THROUGH A HOLISTIC APPROACH OF THE DIMENSIONS OF WELLNESS WITHIN A NURTURING CHRISTIAN ENVIRONMENT. 1 0 3184540 1505 3996982 HOUSING: THE COMMUNITIES, DBA IGNITE LIVING, PROVIDES HOUSING SERVICES TO SENIOR ADULTS. 1817631 1319317 RESIDENT SERVICES: THE COMMUNITIES, DBA IGNITE LIVING, PROVIDES DINING, MINISTRIES AND OTHER SERVICES TO SENIOR ADULTS. 5002171 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 10 0 1 22 1 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X SHANNON WATSON 7625002021 89 HIAWASSEE PARK DRIVE HIAWASSEE GA 30546 REV STEPHEN AWTREY TRUSTEE 0.00 X 0 0 0 CRYSTAL BICE TRUSTEE 0.00 X 0 0 0 MARK CAMP TRUSTEE 0.00 X 0 0 0 THOMAS HAMMOND JR TRUSTEE 0.00 X 0 0 0 REV DARREN HUGHES TRUSTEE 0.00 X 0 0 0 CHARLES HUNNICUTT TRUSTEE 0.00 X 0 0 0 REV TOM JONES SR TRUSTEE 0.00 X 0 0 0 JEFF KEMPER TRUSTEE 0.00 X 0 0 0 REV ROBERT LOUDER TRUSTEE 0.00 X 0 0 0 CHIP THOMPSON TRUSTEE 0.00 X 0 0 0 ANN WATTS TRUSTEE 0.00 X 0 0 0 TIM WILSON TRUSTEE 0.00 X 0 0 0 SHANNON WATSON PRESIDENT/CEO 40.00 X X 227421 0 22144 SHARALENE ROPER COO 40.00 X 207987 0 21504 435408 0 43648 2 0 1 0 SODEXO INC 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FACILITY SERVICES PROVIDER 1573992 MAXAIR MECHANICAL 814 LIVINGSTON CT MARIETTA GA 30067 HVAC SERVICES 179629 ATLANTA RE-ROOF SPECIALISTS INC 190 W CROSSVILLE ROAD ROSWELL GA 30075 COMMERCIAL ROOFING 119833 3 23803 46242 41035 374 111080 RESIDENT RENTS 623990 3953514 3953514 DINING REVENUE 623990 1164695 1164695 TECH FEES 623990 91266 91266 OTHER PROGRAM REVENUE 900099 63356 63356 RESIDENT FEES 623990 43468 43468 5316299 275405 275405 259862 385711 -125849 -125849 -125849 5576935 5316299 0 149556 1505 1505 435408 162990 272418 1230804 460739 770065 47827 17904 29923 94106 35228 58878 90657 33937 56720 110560 110560 63289 63289 74261 74261 87916 87916 435883 429734 6149 122406 81622 40784 37233 37233 415588 415588 1225381 1207707 17674 159525 145220 14305 PROGRAM EXPENSE - FOOD 1355357 1355357 REPAIRS AND MAINTENANCE 654651 654640 11 6642357 5002171 1576897 63289 131425 161171 1404861 1411286 57184 121355 40004392 12341196 28317848 27663196 24914 25241 4756511 4910948 1164521 1104604 35857264 35397801 359805 413375 559017 457672 3308282 3777972 603930 573399 4831034 5222418 X 25769998 24712829 5256232 5462554 31026230 30175383 35857264 35397801 -1065422 214575 0 X X 0 1 X 1 0 X X 1 GEORGIA BAPTIST CONVENTION 580566245 1 1 23803 0 1 23803 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4752545 166764 12531 4906778 4392818 372351 12624 4752545 5246328 -840500 13010 4392818 4946271 313986 13929 5246328 4718610 25 243491 15855 4946271 0.00000 0.99940 0.00060 0 1 1 1587277 1587277 31840410 8192660 23647750 5265250 3105984 2159266 1011790 781257 230533 299665 261295 38370 27663196 GEORGIA BAPTIST FOUNDATION ENDOWMENT FUND 4910948 F 4910948 OPERATING LEASE RIGHT-OF-USE 3275 FINANCING LEASE RIGHT-OF-USE 15217 REFUNDABLE ADVANCE 500000 SWAP INTEREST PAYABLE 54907 573399 X 5791510 214575 214575 5576935 0 5576935 6642357 0 6642357 0 6642357 PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE VARIOUS SUPPORT, THROUGH ANNUAL GRANTS AND DISTRIBUTIONS, TO MINISTRIES, AND RESIDENTS IN ACCORDANCE WITH THE DONOR'S INTENTIONS. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE COMMUNITIES ARE EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE COMMUNITIES HAD NO UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023. THE COMMUNITIES UTILIZE THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2024 AND 2023, THE COMMUNITIES HAVE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X X X 0 0 0 0 0 0 0 0 0 SHANNON WATSON PRESIDENT/CEO 227421 0 0 0 0 0 9903 0 12241 0 249565 0 0 0 SHARALENE ROPER COO 207987 0 0 0 0 0 9636 0 11868 0 229491 0 0 0 FORM 990, PART III, LINE 2 BAPTIST RETIREMENT COMMUNITIES OF GEORGIA, DBA IGNITE LIVING, IS AN AGENCY THAT OPERATES UNDER THE UMBRELLA OF THE GEORGIA BAPTIST MISSION BOARD. IGNITE LIVING OWNS ALL ITS ASSETS AND ANY ASSOCIATED DEBT, BUT WE CHOOSE TO OPERATE UNDER THE UMBRELLA OF THE GEORGIA BAPTIST CONVENTION. THE EXECUTIVE DIRECTOR OF THE GBMB, SITS ON OUR BOARD OF TRUSTEES AS A "SOLE MEMBER." BECAUSE WE ARE AN AGENCY OF THE GBMB, IGNITE LIVING ADHERES TO THE FAITH, PRACTICES, AND COMMON BELIEFS HELD BY THE GEORGIA BAPTIST MISSION BOARD. ALL OPERATIONS ARE CONSISTENT WITH THOSE OF THE GBMB.IGNITE LIVING FEATURES TWO CONTEMPORARY COMMUNITIES: ONE NESTLED IN THE MOUNTAINS OF NORTH GEORGIA AT HIAWASSEE PARK, AND ANOTHER OFFERING A SERENE URBAN RETREAT AT PALMETTO PARK. IGNITE LIVING IS DEDICATED TO OFFERING MORE THAN JUST HOUSING; WE PROVIDE OPPORTUNITIES FOR A FULFILLING LIFE. IT IS AN INVITATION TO LIVE PASSIONATELY, PURPOSEFULLY, AND WITH ENTHUSIASM. FOR OVER FIVE DECADES, HUNDREDS OF FAMILIES HAVE BEEN BLESSED BY THIS MINISTRY. SINCE CONCEPTION THE MINISTRY HAS MAINTAINED A CLEAR MISSION TO ENRICH THE LIVES OF SENIOR ADULTS. IGNITE LIVING IMPLIES SPARKING A VIBRANT AND DYNAMIC WAY OF LIFE, PERHAPS CHARACTERIZED BY PURSUING ONE'S DREAMS, MAKING A POSITIVE IMPACT, AND EMBRACING NEW EXPERIENCES. IT SUGGESTS LIVING FULLY ENGAGED AND ACTIVELY SEEKING GROWTH, FULFILLMENT, AND JOY IN EVERYDAY EXISTENCE. AT IGNITE LIVING A VIBRANT NEW DAWN EMERGES, TEEMING WITH THE PROMISE OF FRESH EXPERIENCES, PERSONAL GROWTH, AND EXCITING DISCOVERIES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE CEO, THE COO, AND THE OUTSOURCED CPA FOR REVIEW AND COMMENT BEFORE THE FORM IS FILED. THE BOARD RECEIVES A COPY AFTER THE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REVIEWS ARE NOT SPECIFICALLY REQUIRED BY THE POLICY, BUT PERIODIC REVIEWS ARE REQUIRED. THE PRESIDENT DETERMINES BEFOREHAND IF POTENTIAL BOARD MEMBERS WOULD HAVE A CONFLICT OF INTEREST AND THEY ARE ELIMINATED FROM CONSIDERATION. FROM TIME TO TIME, SHOULD A POTENTIAL CONFLICT OF INTEREST ARISE AND EITHER BE BROUGHT TO THE ATTENTION OF THE BOARD BY A BOARD MEMBER OR THE PRESIDENT, THE BOARD SHALL CONSIDER THE MATTER AND VOTE TO EXCUSE THE MEMBER FROM VOTING ON THE TOPIC. FORM 990, PART VI, SECTION B, LINE 15 PREVAILING/COMPARATIVE MARKET COMPENSATION AMOUNTS ARE USED IN DETERMINING COMPENSATION. THE FULL BOARD VOTES ON THE COMPENSATION OF THE PRESIDENT/CEO. THE PRESIDENT/CEO RECOMMENDS COMPENSATION AMOUNTS FOR OTHER STAFF WHICH IS REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST IN THE CORPORATE OFFICE. FORM 990, PART XII, LINE 2C: THE PROCESS THE ORGANIZATION USES FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. GEORGIA BAPTIST CONVENTION 6405 SUGARLOAF PARKWAY DULUTH GA 30097 580566245 CONVENTION OF CHURCHES GA 501(C)(3) LINE 1 N/A 0 GEORGIA BAPTIST FOUNDATION 6405 SUGARLOAF PARKWAY DULUTH GA 30097 586030046 CONVENTION OF CHURCHES GA 501(C)(3) LINE 1 N/A 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 GEORGIA BAPTIST CONVENTION C 23803 ACTUAL AMOUNT GEORGIA BAPTIST FOUNDATION N 4835171 ACTUAL AMOUNT