2024-08-15T16:45:51+00:00 2023-09-30 363990892 Capin Crouse LLP 2435 Research Parkway Suite 200 Colorado Springs CO 80920 990 2022-10-01 470497753 Bethesda Foundation BETH 7194810100 15475 Gleneagle Drive Colorado Springs CO 80921 Dana Rasic President, Chair & Director 7194810100 2024-08-15 true true Daren Daiga P01074795 5055022746 2022 2024-08-08 14:25:15Z Bethesda Senior Living Communities Dana Rasic 15475 Gleneagle Drive Colorado Springs CO 80921 50622632 false X www.bethesdaseniorliving.com X 1959 NE Serving seniors by enriching their physical, emotional and spiritual health. 8 5 1686 46 1200 0 4034057 866996 43617790 47550924 726090 306350 186793 324508 48564730 49048778 29861 31794 0 0 23039100 26672688 0 0 27575014 28975286 50643975 55679768 -2079245 -6630990 103543302 109553780 98695352 110861173 4847950 -1307393 To serve seniors by enriching their physical, emotional, and spiritual health in a nurturing lifestyle at our communities. Our vision: to expand outreach and service to as many communities as God wills through expansion, acquisition, management contracts and programming. false false 47919546 31794 47816520 Development and operation of tax exempt assisted living communities, independent living communities, and memory care facilities for seniors in Arizona, Colorado, Missouri, Nebraska, and Texas. Cared for an average of 934 residents during the fiscal year ended 9/30/2023. 47919546 true true false true false false false false false true true false false true false false true false false true false false false false false false false false true true false false false false false false false false false false false false false false true true true true false false true 172 0 true 1686 true true true false false false false false false false false false false false X 8 5 true true false false false false false true true false false true true true true true true true true false CO KS AZ X Nathan Merrill 7194810100 15475 Gleneagle Drive Colorado Springs CO 80921 Dana Rasic President, Chair & Director 25.0 38.0 X X 0 365551 40800 Daniel Vagle Vice Chair & Director 3.0 5.8 X X 2375 59458 3609 Jenny Kennedy Secretary & Director 1.5 5.0 X X 0 11988 0 Nathan Merrill CFO, Treasurer & Director 25.0 35.5 X X 0 264356 42384 Rick Summers Vice President & Director 28.0 35.0 X X 258044 0 19959 Dale Turner Director 3.0 7.5 X 0 61833 3483 Don Morgan Director 3.0 6.8 X 58958 2875 3385 Larry Smith Director 5.0 7.0 X 30667 0 94 Austin Harbach Assistant Secretary 25.0 31.5 X 0 103942 14609 Tom Workman Assistant Secretary 1.0 3.8 X 0 0 0 Joshua Thomas VP of Strategy & Development 22.5 22.5 X 166654 0 25385 Andrew McCormick Regional Director of Operations 22.5 22.5 X 142696 0 28433 Kris Gillen VP of Sales & Marketing 22.5 22.5 X 174251 0 6181 Kristen Jacoby Regional Director of Operations 22.5 22.5 X 139275 0 4975 Michelle Ingerson VP Health Services (part year) 22.5 22.5 X 162335 0 16122 William Schwingen Regional Director of Operations 45.0 0.0 X 137611 0 24952 1272866 870003 234371 18 false true false Ridge View Construction Inc 12075 Silver Conco Trail Elbert CO 80106 Construction 2142932 Healthcare Services Group Inc PO Box 829677 Philadelphia PA 191829677 Food & Housekeeping Services 1318441 Great West Construction LLC 1491 Tuskegee Place Ste C Colorado Springs CO 80915 Construction 1277989 The Carpet Shoppe Inc 1827 E Seminole Springfield MO 65804 Flooring Installation Services 1200019 Networks Connect Healthcare Staffing 7930 Castleway Drive Indianapolis IN 46250 Healthcare Staffing Services 1024550 26 791620 75376 866996 Assisted Living 623312 45627152 45627152 Community Fees 900099 970550 970550 Subsidiary management 900099 953222 953222 0 0 0 0 47550924 154882 154882 57712 1200 0 0 57712 1200 58912 1200 57712 1725322 1572723 1131 152599 -1131 151468 151468 Misc. Income 900099 265596 265596 0 0 0 0 265596 49048778 47816520 1200 364062 X 31794 31794 0 0 558665 558665 22716690 20199461 2517229 296321 245460 50861 1386436 1275568 110868 1714576 1525740 188836 574041 574041 55488 18018 37470 57246 57246 11220 11220 5916137 4022483 1893654 0 1106000 1088271 17729 4217371 4151814 65557 875527 203192 672335 3631510 3538417 93093 632043 109931 522112 178501 78646 99855 4080379 4080379 5711372 5515942 195430 1604120 1557892 46228 Dues, Licenses and Fees 150425 143412 7013 Bad Debt 133126 133126 Bond Admin Fees 29530 29530 UBI Taxes 11250 11250 0 0 0 0 55679768 47919546 7760222 0 1925281 1963305 13046 5711 2588542 2038000 0 0 0 3000000 3000000 69603 79787 468888 955663 147753192 61678638 81669844 86074554 382745 0 6169104 5578093 0 4494000 4494000 2762249 5364667 103543302 109553780 4322510 3306414 567509 266808 24102745 23883595 0 11098676 16401895 58603912 67002461 98695352 110861173 X 4847950 -1307393 4847950 -1307393 103543302 109553780 X -6630990 148844 326803 X false true X true false X 1207417 752639 4593894 4034057 866996 11455003 35156152 36504187 38454743 43617790 47550924 201283796 395558 395558 0 0 36759127 37256826 43048637 47651847 48417920 213134357 0 0 0 0 0 0 1797321 1794513 878547 1403026 17518 5890925 1797321 1794513 878547 1403026 17518 5890925 207243432 303347 139651 223763 163486 212594 1042841 0 303347 139651 223763 163486 212594 1042841 263 44441 34931 0 79635 113318 93469 104762 168281 265598 745428 37176055 37534387 43377162 48018545 48896112 215002261 0.9639 0.9526 0 0.0066 X Schedule A, Part III The organization is a public charity under section 509(a)(2) and completes Schedule A (Form 990), Part III. The organization has analyzed Schedule A (Form 990), Part II and established that it meets the 33 1/3% public support requirements under sections 509(a)(1) and 170(b)(1)(A)(vi), thus it qualifies to use the first listed special rule for Schedule B (Form 990) reporting. Schedule A, Part III, Line 12 Other Income DESCRIPTION - MISC. INCOME, COLUMN A - 113318.0, COLUMN B - 93469.0, COLUMN C - 104762.0, COLUMN D - 168281.0, COLUMN E - 265598.0, COLUMN F - 745428.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 0 0 0 55679768 92578914 55679768 92578914 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 447 1311 0 0 1758 250000 250000 250000 250000 1000000 1500000 447 1311 0 0 1758 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. 13621540 13621540 114274251 53291342 60982909 11189658 8387296 2802362 8667743 8667743 86074554 Limited Partnerships 5227840 Hedge Funds Real Estate Captive Insurance 350253 5578093 Intercompany Payables 67001661 Related organization payable 800 67002461 Central America and the Caribbean 0 0 Investments 464947 0 0 0 0 0 0 464947 0 464947 false false false false true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual X X true true X X X X false false false false false false false true false Dana Rasic President, Chair & Director 0 329316 0 30000 0 6235 0 9438 0 31362 0 406351 0 0 Nathan Merrill CFO, Treasurer & Director 0 230731 0 20000 0 13625 0 7962 0 34422 0 306740 0 0 Rick Summers Vice President & Director 241475 0 12000 0 4569 0 7217 0 12742 0 278003 0 0 0 Joshua Thomas VP of Strategy & Development 155745 0 10000 0 909 0 5342 0 20043 0 192039 0 0 0 Kris Gillen VP of Sales & Marketing 160073 0 13685 0 493 0 5090 0 1091 0 180432 0 0 0 Michelle Ingerson VP Health Services (part year) 155432 0 6585 0 318 0 4919 0 11203 0 178457 0 0 0 Andrew McCormick Regional Director of Operations 135994 0 4032 0 2670 0 4539 0 23894 0 171129 0 0 0 William Schwingen Regional Director of Operations 131273 0 4380 0 1958 0 4433 0 20519 0 162563 0 0 0 Schedule J, Part I, Line 1a Travel for companions Travel for companions was provided to Andrew McCormick, Regional Director of Operations and Joshua Thomas, VP of Strategy & Development . This benefit was included in taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees In order to assist in promoting a healthy lifestyle for its employees, the organization reimburses employees up to $40 per month to cover 50% of the cost of a gym membership. These expenses are submitted to management for approval. These reimbursements are taxable to the employee and included in their compensation. William Schwingen, Joshua Thomas and Kris Gillen participated in the program during the year. Schedule J, Part I, Line 7 Non-fixed payments The organization and related entities pay discretionary bonuses to their officers, directors, and key employees from time to time. The frequency and amount of the bonuses are determined by the Administrative Committee, CEO, or other management, and based on factors such as overall job performance, substantial extra projects, etc. The organizations do not have any employment contracts which obligate the payment of bonuses in the future. A Colorado Health Facilities Authority 840752932 19648FJA3 2018-12-27 28324417 Improvement and Refunding Issues 5/2/2016, 2/7/2014, 9/26/2011 false false true A 1859484 28324417 485957 5007163 22831297 2018 true true true true A false false false false 0.0 0.0 0.0 false false true A false false false true false false false false true A true Schedule K, Part I, Column (i) The Bethesda Foundation Schedule K reflects the proportionate amount of the 2018 bond issue used by or for the benefit of Bethesda Foundation. The remaining portion of the 2018 bond issue is reported on Schedule K for BSLC II, a related entity, to reflect the amount used by or for the benefit of BSLC II. Schedule K, Part IV, Line 2c COLUMN A Issuer name: Colorado Health Facilities Authority The calculation for computing no rebate due was performed on 12/27/2023 Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Daniel Vagle and Dale Turner - Family relationship, Dana Rasic, Nathan Merrill, Dale Turner, Austin Harbach, and Tom Workman - Business relationship Form 990, Part VI, Line 3 Delegation of management duties Certain officer functions for Bethesda Foundation are performed by management of Bethesda Associates under a cost-sharing practice. Form 990, Part VI, Line 11b Review of form 990 by governing body 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 for review and comments over a two day period prior to filing. Management answers all questions and incorporates the changes, if necessary, into the Form 990 prior to filing. After two days, the review period is closed. Form 990, Part VI, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official The organization utilizes the services of Payscale,Inc. to perform regular independent compensation studies for all officers and key employees and the results are provided to the Administrative committee of the board for review and approval. The approval process is documented in the minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees See narrative for Form 990, Part VI, Line 15a Form 990, Part VI, Line 19 Required documents available to the public 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 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. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Line 11g Other Fees Other fees - Total Expense: 4057416, Program Service Expense: 4022483, Management and General Expenses: 34933, Fundraising Expenses: ; Intercompany fees - Total Expense: 1858721, Program Service Expense: , Management and General Expenses: 1858721, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in investment in captive insurance held by related organization - 326803; Schedule F, Part IV, Line 5 The organization has analyzed its ownership in the foreign partnership and has determined that it does not meet the reporting threshold for filing Form 8865. BSLC Thornton LLC 15475 Gleneagle Drive Colorado Springs CO 80921 464174496 Senior Living CO 6012605 22199155 Bethesda Foundation BSLC Loveland LLC 15476 Gleneagle Drive Colorado Springs CO 80921 464185812 Senior Living CO 5327343 17594930 Bethesda Foundation BSLC Monument LLC 15477 Gleneagle Drive Colorado Springs CO 80921 300882536 Senior Living CO 3234536 10454618 Bethesda Foundation BSLC Frisco LLC 15478 Gleneagle Drive Colorado Springs CO 80921 300895578 Assisted Living Facility CO 4427688 15840152 Bethesda Foundation BSLC Springfield Condos LLC 15479 Gleneagle Drive Colorado Springs CO 80921 832109850 Independent Living CO 491165 1780630 Bethesda Foundation Bethesda Gardens Broadmoor LLC 15480 Gleneagle Drive Colorado Springs CO 80921 611961515 Assisted Living Facility CO 2759079 2392073 Bethesda Foundation Bethesda Gardens Grand Junction LLC 15481 Gleneagle Drive Colorado Springs CO 80921 364964645 Assisted Living Facility CO 2756389 2250006 Bethesda Foundation BSLC Phoenix Holdings LLC 15482 Gleneagle Drive Colorado Springs CO 80921 863288097 Property owner CO 487713 5267499 Bethesda Foundation Bethesda Associates 15475 Gleneagle Drive Colorado Springs CO 80921 841087692 Support Org NE 501(c)(3) Type I Bethesda Foundation true BSLC II 15476 Gleneagle Drive Colorado Springs CO 80921 452666295 Assisted Living NE 501(c)(3) Type I Bethesda Foundation true Bethesda Christian Broadcasting 15477 Gleneagle Drive Colorado Springs CO 80921 841162754 Christian Radio NE 501(c)(3) 10 Bethesda Foundation true LifeStream Complete Senior Living Inc 11555 West Peoria Avenue Youngtown AZ 85363 237458267 Assisted Living AZ 501(c)(3) 10 NA false LifeStream Complete Senior Living at Thunderbird Inc 11555 West Peoria Avenue Youngtown AZ 85363 860739097 Assisted Living AZ 501(c)(3) 10 NA false LifeStream Complete Senior Living at NorthEast Phoenix Inc 11555 West Peoria Avenue Youngtown AZ 85363 860682800 Assisted Living AZ 501(c)(3) 10 NA false LifeStream Complete Senior Living at Sunridge Inc 11555 West Peoria Avenue Youngtown AZ 85363 860712529 Assisted Living AZ 501(c)(3) 10 NA false Sun Valley Lodge 12415 N 103rd Ave Sun City AZ 85351 860199887 Assisted Living AZ 501(c)(3) 10 NA false Bethesda Real Estate Company 15475 Gleneagle Drive Colorado Springs CO 80921 841133889 Real Estate Mgmt CO Bethesda Associates C Corporation 83269 608682 1 true false false false false false false false false false false true true true false true true true true false Bethesda Associates K 71373 Actual Amount BSLCII L 506477 Actual Amount Bethesda Associates M 3465311 Actual Amount BSLCII O 15739341 Actual Amount Bethesda Associates P 2625000 Actual Amount BSLCII P 1881500 Actual Amount Bethesda Associates Q 1850141 Actual Amount BSLCII Q 22504661 Actual Amount BSLCII R 5604751 Actual Amount Bethesda Associates R 2791347 Actual Amount Bethesda Foundation 15475 Gleneagle Drive Colorado Springs CO 80921 470497753 X 0 0 0 55679768 55679768 1000000 250000 0 0 0 Bethesda Associates 15475 Gleneagle Drive Colorado Springs CO 80921 841087692 0 0 0 5803019 5803019 440151 110038 0 0 0 Bethesda Christian Broadcasting 15475 Gleneagle Drive Colorado Springs CO 80921 841087689 0 0 0 46917 46917 9383 2346 0 0 0 BSLC II 15475 Gleneagle Drive Colorado Springs CO 80921 452666295 X 0 0 0 31049210 31049210 1000000 250000 0 0 0