2026-09-18T14:16:46-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 10401 W INNOVATION DR STE 300 WAUWATOSA WI 53226 990 2025-01-01 431821821 THE CAPSTONE GROUP INC AND SUBSIDIARIE CAPS 7705781754 3831 FENWAY CROSSING MARIETTA GA 30062 MICHAEL MICHAUD PRESIDENT 7705781754 2026-09-18 1 KRISTEN DONLEVY P01670215 4144761880 2026-09-16 2025 MICHAEL MICHAUD 3831 FENWAY CROSSING MARIETTA GA 30062 11436014 0 X X 1998 MO OPERATION OF LONG-TERM HEALTH CARE FACILITIES AND DEVELOPMENT OF WORKFORCE HOUSING PROJECTS. 3 0 214 35 0 0 8829 24638 10558058 11375318 -125093 36058 2688 0 10444482 11436014 1490 660 0 0 5287042 5586057 0 0 0 5234550 5317921 10523082 10904638 -78600 531376 12242822 17516528 7381598 11653817 4861224 5862711 OPERATION OF LONG-TERM HEALTH CARE FACILITIES 0 0 9724124 660 11375318 OPERATION OF LONG-TERM HEALTH CARE FACILITIES. THE CAPSTONE GROUP OWNS TWO FACILITIES, ONE IN GUTHRIE CENTER, IA AND ONE IN MARION, IA. THE GUTHRIE CENTER FACILITY OFFERS A FULL SPECTRUM OF CARE NEEDS, WITH SEVENTEEN (17) INDEPENDENT LIVING APARTMENTS FOR SENIOR CITIZENS, FOURTEEN (14) ASSISTED LIVING UNITS, AND FIFTY-EIGHT (58) SKILLED NURSING BEDS. IN TOTAL THE NEW HOMESTEAD IS CAPABLE OF SERVING, SHOULD THERE BE DEMAND, UP TO ONE-HUNDRED AND TWENTY-SIX (126) RESIDENTS WERE THERE TO BE COUPLES IN INDEPENDENT LIVING AND ASSISTED LIVING APARTMENTS. THE MARION FACILITY IS FOCUSED ON SKILLED NURSING CARE AND IS LICENSED FOR FIFTY (50) BEDS. 9724124 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 26 0 1 214 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL MICHAUD 7705781754 3831 FENWAY CROSSING MARIETTA GA 30062 MICHAEL A MICHAUD PRESIDENT & TREASURER 40.00 X X 120000 0 0 GREGORY T SLESSOR VICE PRESIDENT 3.00 X X 7500 0 0 JAMES J LOCK SECRETARY 3.00 X X 8281 0 0 135781 0 0 1 0 0 0 HEALTHCARE OF IOWA 5925 DRY CREEK LANE NE CEDAR RAPIDS IA 52402 MANAGEMENT/CONSULTING SERVICES 1059596 IOWA MEDICAID ENTERPRISE 1801 PARKVIEW DR 1ST FLOOT SHOREVIEW MN 55126 QUALITY ACCESS FEES 586790 FUSION MEDICAL STAFFING PO BOX 30131 OMAHA NE 68103 STAFFING COMPANY 444458 MARTIN BROTHERS PO BOX 69 CEDAR FALLS IA 50613 FOOD SUPPLIES 338266 KEVALA TECHNOLOGIES INC PO BOX 121366 DALLAS TX 75312 IT SERVICES 292125 8 24638 24638 PRIVATE PAY 623000 3811419 3811419 HOUSING 623000 3704367 3704367 MEDICAID 623000 3213604 3213604 MEDICARE A 623000 416498 416498 MEDICARE B 623000 124548 124548 104882 104882 11375318 31027 31027 5031 0 5031 5031 5031 11436014 11375318 0 36058 X 660 660 135781 135781 4771891 4245198 526693 30574 17994 12580 292832 162477 130355 354979 316082 38897 800478 717507 82971 86404 86404 133146 133146 1220226 1220226 52625 52625 163283 100717 62566 413184 393349 19835 38226 21009 17217 185377 185377 198307 198307 261910 261910 SUPPLIES 1068883 1068883 THERAPY 289979 289979 REPAIRS AND MAINTENANCE 231477 231477 BAD DEBT EXPENSE 72000 72000 102416 85191 17225 10904638 9724124 1180514 0 1238070 1204104 1396876 0 1960126 2350796 81498 72534 14429795 3822620 6872918 10607175 512951 494044 180383 2787875 12242822 17516528 880786 851459 229451 0 6271361 9740973 0 1061385 7381598 11653817 X 4861224 5862711 4861224 5862711 12242822 17516528 531376 38609 431502 0 X 1 X 0 0 0 X 1493561 8829 24638 1527028 10476913 8960534 10216602 10558058 11375318 51587425 10476913 8960534 11710163 10566887 11399956 53114453 0 0 0 53114453 19029 19079 55369 112781 31027 237285 19029 19079 55369 112781 31027 237285 2697 2697 10495942 8979613 11765532 10682365 11430983 53354435 0.99550 0.99560 0.00440 0.00440 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2024 AMOUNT: $ 2,697. 2025 AMOUNT: $ 0. 938141 938141 7856099 3410941 4445158 1588260 411679 1176581 4047295 4047295 10607175 DUE FROM AFFILIATES 2787875 2787875 DUE TO/FROM AFFILIATES 1061385 1061385 FORM 990, PART VI, SECTION A, LINE 3 EFFECTIVE 1/1/17, HEALTHCARE OF IOWA AND ITS AFFILIATED ORGANIZATIONS, SUCH AS ASSISTED LIVING PARTNERS, TOOK OVER MANAGEMENT RESPONSIBILITIES FOR ALL LEVELS OF CARE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS REVIEW FORM 990 AND SHARE QUESTIONS, WHICH ARE ADDRESSES BY THE TAX PREPARER. IN ADDITION, THE FINAL FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS SUFFICIENTLY PRIOR TO FILING THE FORM SO THAT ANY FINAL COMMENTS COULD BE PROVIDED TO THE ORGANIZATION IN TIME TO PERMIT ANY NECESSARY REVISIONS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES ANNUAL EXECUTION OF A CERTIFICATION WITH RESPECT TO CONFLICTS AND ROUTINE DISCLOSURE IF THERE IS A CONFLICT IN CONNECTION WITH A MATTER THAT COMES BEFORE THE BOARD. THE BOARD MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY BY REQUIRING THE ANNUAL CERTIFICATION AND BY REMINDING BOARD MEMBERS OF THEIR OBLIGATIONS WITH RESPECT TO CONFLICT ON AN ON-GOING BASIS. IF A BOARD MEMBER HAS A CONFLICT OF INTEREST THEN THEY WILL NOT VOTE ON THE CONFLICTING ISSUE AT HAND. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE PRESIDENT/EXECUTIVE DIRECTOR'S COMPENSATION. DURING ITS MOST RECENT COMPENSATION REVIEW IN 2022, THE PRESIDENT/EXECUTIVE DIRECTOR WAS NOT PRESENT DURING THE DELIBERATIONS OR VOTE. THE BOARD CONSIDERED THE DUTIES AND RESPONSIBILITIES OF THE POSITION, THE INDIVIDUAL'S QUALIFICATIONS AND PERFORMANCE, AND COMPARABLE COMPENSATION DATA, INCLUDING INFORMATION OBTAINED FROM AN INDEPENDENT COMPENSATION CONSULTANT. BASED ON ITS REVIEW, THE BOARD DETERMINED THAT THE COMPENSATION WAS REASONABLE AND APPROPRIATE. THE BOARD'S DELIBERATIONS AND COMPENSATION DECISION WERE CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 1,220,226. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,220,226. TNH OPERATIONS LLC 3831 FENWAY CROSSING MARIETTA GA 30062 853751356 HEALTH CARE GA 6365561 3267045 THE CAPSTONE GROUP INC TNH PROPERTY LLC 3831 FENWAY CROSSING MARIETTA GA 30062 853769617 HEALTH CARE GA 35 5986166 THE CAPSTONE GROUP INC WH OPERATIONS LLC 3831 FENWAY CROSSING MARIETTA GA 30062 853787408 HEALTH CARE GA 5010286 1379730 THE CAPSTONE GROUP INC WH PROPERTY LLC 3831 FENWAY CROSSING MARIETTA GA 30062 853803488 HEALTH CARE GA 0 1246681 THE CAPSTONE GROUP INC