2026-08-17T12:23:04-05:00 2025-09-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-10-01 452666295 BSLC II BSLC 7194810100 8595 EXPLORER DRIVE COLORADO SPRINGS CO 80920 NATHAN MERRILL CFO, TREASURER & DIRECTOR 7194810100 2026-08-17 1 1 DAREN DAIGA P01074795 5055022746 2026-08-17 2024 2025-03-06 01:10:19Z X BETHESDA SENIOR LIVING COMMUNITIES DANA RASIC 8595 EXPLORER DRIVE COLORADO SPRINGS CO 80920 40331802 0 X WWW.BETHESDASENIORLIVING.COM X 2011 NE TO SERVE SENIORS BY ENRICHING THEIR PHYSICAL, EMOTIONAL AND SPIRITUAL HEALTH IN OUR COMMUNITIES. 9 4 0 35 0 0 21723 2639 35110546 37309946 609218 727530 77773 192583 35819260 38232698 7862 4170 0 0 16758006 18024134 0 0 0 16441232 17394260 33207100 35422564 2612160 2810134 103898531 104183727 90654474 88122381 13244057 16061346 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 32961447 4170 37476496 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 704 RESIDENTS DURING THE FISCAL YEAR ENDED 9/30/2025. 32961447 1 0 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 119 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 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 8595 EXPLORER DRIVE COLORADO SPRINGS CO 80920 X DANA RASIC PRESIDENT, CHAIR & DIRECTOR 10.00 52.00 X X 0 407174 48623 NATHAN MERRILL CFO, TREASURER & DIRECTOR 10.00 47.00 X X 0 311825 48024 CHRISTI MILLER VP OF HUMAN RESOURCES & DIRECTOR 10.00 45.00 X 0 227426 20487 DANIEL VAGLE VICE CHAIR & DIRECTOR 2.00 5.00 X X 0 65604 3609 DALE TURNER DIRECTOR 2.00 7.00 X 0 65604 3483 DON MORGAN DIRECTOR (PART YEAR) 2.00 6.00 X 0 70167 3385 JENNY KENNEDY SECRETARY & DIRECTOR 1.50 5.00 X X 0 0 0 LARRY SMITH DIRECTOR 3.00 7.00 X 0 32775 4981 RICK SUMMERS VICE PRESIDENT & DIRECTOR 20.00 40.00 X X 0 297507 21362 KRISTEN JACOBY REGIONAL VP OF OPS, DIRECTOR 25.00 25.00 X X 0 169236 5248 AUSTIN HARBACH VP OF LEGAL & RISK, ASST. SECRETARY 12.00 44.00 X 0 157189 17488 TOM WORKMAN ASSISTANT SECRETARY 1.00 3.50 X 0 0 0 KIMBERLY ERICKSON CHIEF OPERATING OFFICER 15.00 40.00 X 0 101573 1467 JOSHUA THOMAS VP OF STRATEGY & DEV. (PART YEAR) 15.00 40.00 X 0 213872 26516 KRIS GILLEN VP OF SALES & MARKETING (PART YEAR) 15.00 40.00 X 0 198223 5726 BRITTNEY MOORE VP OF HEALTH SERVICES 24.00 31.00 X 0 184056 19046 EARL SAXON JR REGIONAL DIRECTOR OF OPERATIONS 25.00 25.00 X 0 176195 19125 ANDREW MCCORMICK REGIONAL DIRECTOR OF OPERATIONS 25.00 25.00 X 0 158420 31167 BRYAN BEAMER VICE PRESIDENT OF CONSTRUCTION 15.00 45.00 X 0 174136 10050 0 3010982 289787 0 0 1 0 DIRECT SUPPLY INC PO BOX 88201 MILWAUKEE WI 532880201 CONSTRUCTION & PURCHASING 368654 STONERIDGE FLOORINGMILL CREEK CARPET PO BOX 636 NIXA MO 65714 FLOORING & MILLWORK SERVICES 318590 HEALTHCARE SERVICES GROUP PO BOX 829677 PHILADELPHIA PA 191829677 FOOD SERVICE & HOUSEKEEPING 247755 A PLACE FOR MOM INC PO BOX 913241 DENVER CO 802913241 PLACEMENT SERVICES 204701 DUCKER COMMERCIAL ROOFING LLC PO BOX 1868 BURLESON TX 76097 ROOFER SERVICES 154932 9 2639 2639 ASSISTED LIVING 722320 36608906 36608906 COMMUNITY FEES 900099 701040 701040 37309946 526846 526846 26033 0 26033 26033 26033 2299788 2047366 51738 252422 -51738 200684 200684 166550 166550 166550 38232698 37476496 0 753563 4170 4170 15233717 15176947 56770 211166 211166 1414363 1414363 1164888 1164888 2248218 2248218 17810 16902 908 37384 11915 25469 18267 18267 949673 948214 1459 757643 757643 2622802 2621696 1106 118891 118891 3601105 3556519 44586 65113 65113 47862 47862 1848500 1848500 3549726 3533146 16580 1273893 1265213 8680 DUES/LICENSES/FEES 103624 103262 362 BAD DEBT 95037 95037 BOND ADMIN FEES 38712 38712 35422564 32961447 2461117 0 3713144 4511505 49206 101375 428612 527977 41442 35833 404131 354064 91617259 58547577 32772019 33069682 3366473 3423662 1134473 1757101 61989031 60402528 103898531 104183727 1581142 2285466 168855 222933 88904477 85613982 90654474 88122381 X 13244057 16061346 13244057 16061346 103898531 104183727 2810134 7155 0 X 0 1 X 1 0 X X 1 BETHESDA FOUNDATION 470497753 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X 0 0 0 0 0 0 35422564 101643221 35422564 101643221 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 0 0 0 0 250000 250000 250000 250000 1000000 1500000 0 0 0 0 SCHEDULE C, 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. 2322080 2322080 79508416 52319391 27189025 7336705 6228186 1108519 2450058 2450058 33069682 ESCROW 8300 INTERCOMPANY RECEIVABLES 32637892 ASSETS WHOSE USE IS LIMITED 27756336 60402528 0 0 0 0 0 0 0 0 0 DANA RASIC PRESIDENT, CHAIR & DIRECTOR 0 399695 0 0 0 7479 0 10360 0 38263 0 455797 0 0 NATHAN MERRILL CFO, TREASURER & DIRECTOR 0 269010 0 30000 0 12815 0 9457 0 38567 0 359849 0 0 RICK SUMMERS VICE PRESIDENT & DIRECTOR 0 290967 0 0 0 6540 0 8452 0 12910 0 318869 0 0 CHRISTI MILLER VP OF HUMAN RESOURCES & DIRECTOR 0 205107 0 10500 0 11819 0 6414 0 14073 0 247913 0 0 JOSHUA THOMAS VP OF STRATEGY & DEV. (PART YEAR) 0 194609 0 18500 0 763 0 6706 0 19810 0 240388 0 0 KRIS GILLEN VP OF SALES & MARKETING (PART YEAR) 0 181249 0 16500 0 474 0 4605 0 1121 0 203949 0 0 BRITTNEY MOORE VP OF HEALTH SERVICES 0 167985 0 15800 0 271 0 5605 0 13441 0 203102 0 0 EARL SAXON JR REGIONAL DIRECTOR OF OPERATIONS 0 170666 0 5000 0 529 0 5370 0 13755 0 195320 0 0 ANDREW MCCORMICK REGIONAL DIRECTOR OF OPERATIONS 0 157664 0 0 0 756 0 5090 0 26077 0 189587 0 0 BRYAN BEAMER VICE PRESIDENT OF CONSTRUCTION 0 173400 0 0 0 736 0 5327 0 4723 0 184186 0 0 AUSTIN HARBACH VP OF LEGAL & RISK, ASST. SECRETARY 0 149400 0 7650 0 139 0 4828 0 12660 0 174677 0 0 KRISTEN JACOBY REGIONAL VP OF OPS, DIRECTOR 0 168117 0 0 0 1119 0 4801 0 447 0 174484 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 9252712 95835157 1995402 93839755 2018 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: COLORADO HEALTH FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/27/2023 SCHEDULE K, PART I, COLUMN (I) THE BSLC II SCHEDULE K REFLECTS THE PROPORTIONATE AMOUNT OF THE 2018 BOND ISSUE USED BY OR FOR THE BENEFIT OF 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. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS OF ISSUE FOR BOND A REPORTED ON PART II, LINE 3 DIFFERS FROM PART I, COLUMN (E) DUE TO THE INCLUSION OF INVESTMENT EARNINGS. 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 - FAMILY RELATIONSHIP. DANA RASIC, NATHAN MERRILL, DALE TURNER, AUSTIN HARBACH, AND TOM WORKMAN - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 BSLC II'S COMMUNITIES ARE MANAGED BY BETHESDA FOUNDATION UNDER A MANAGEMENT CONTRACT WITH BETHESDA ASSOCIATES. SEE EXPLANATION FOR PART V, LINE 2A. THE OFFICER COMPENSATION UNDER THE COST-SHARING AGREEMENT IS INCLUDED ON PART VII. 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 TAX PREPARER 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. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. 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 WITH BETHESDA ASSOCIATES. 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 STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A 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. FORM 990, PART VII, SECTION A, LINE 1A INDEPENDENT BOARD MEMBERS: BOARD MEMBERS DANIEL VAGLE, DALE TURNER, DON MORGAN, LARRY SMITH WERE REASONABLY COMPENSATED SOLELY FOR SERVICES PROVIDED IN THEIR CAPACITY AS MEMBERS OF THE GOVERNING BODY. THEREFORE, THEY MEET THE DEFINITION OF AN INDEPENDENT BOARD MEMBER PER THE FORM 990 INSTRUCTIONS. BETHESDA ASSOCIATES 8595 EXPLORER DRIVE COLORADO SPRINGS CO 80920 841087692 SUPPORT ORG NE 501(C)(3) LINE 12A, I BETHESDA FOUNDATION 0 BETHESDA FOUNDATION 8595 EXPLORER DRIVE COLORADO SPRINGS CO 80920 470497753 ASSISTED LIVING NE 501(C)(3) LINE 10 N/A 0 LIFESTREAM COMPLETE SENIOR LIVING INC 11555 WEST PEORIA AVENUE YOUNGTOWN AZ 85363 237458267 ASSISTED LIVING AZ 501(C)(3) LINE 10 BETHESDA FOUNDATION 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 LIFESTREAM COMPLETE SENIOR LIVING INC 0 SUN VALLEY LODGE 12415 N 103RD AVE SUN CITY AZ 85351 860199887 ASSISTED LIVING AZ 501(C)(3) LINE 10 BETHESDA FOUNDATION 0 BETHESDA REAL ESTATE COMPANY 8595 EXPLORER DRIVE COLORADO SPRINGS CO 80920 841133889 REAL ESTATE MGMT CO N/A C 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 1 1 1 0 1 BETHESDA FOUNDATION 8595 EXPLORER DRIVE COLORADO SPRINGS CO 80920 470497753 X 0 0 0 59664882 59664882 1000000 250000 0 0 0 BETHESDA ASSOCIATES 8595 EXPLORER DRIVE COLORADO SPRINGS CO 80920 841087692 0 0 0 6555775 6555775 477789 119447 0 0 0