2024-04-04T16:06:35-07:00 2022-12-31 Solcara Consulting Group 7901 4th St N Suite 300 Saint Petersburg FL 33702 990 2022-01-01 870759408 CLAIRMONT CREST INC CLAI 4043259077 1861 CLAIRMONT ROAD DECATUR GA 300333430 JUSTIN LINDSEY BOARD CHAIR 4707682834 2024-04-05 0 JUSTIN LINDSEY 999009999 1 Lindsay Chuck P02265164 4045690423 2024-04-05 0 11 1 AAL2 2022 2023-04-26 12:10:37Z JUSTIN LINDSEY 1861 CLAIRMONT ROAD DECATUR GA 300333430 27223613 0 X WWW.BRCGA.ORG X 2004 GA TO ENRICH THE LIVES OF SENIOR ADULTS BY EMPOWERING EACH INDIVIDUAL TO FLOURISH WHILE AGING IN PLACE WITHIN A CHRISTIAN ENVIRONMENT. 18 18 0 15 0 0 9280 1200 2306632 2174938 0 7930216 33583 17309 2349495 10123663 0 0 0 0 509123 468118 0 0 21391 1638873 26560912 2147996 27029030 201499 -16905367 17271038 -7083079 7476868 28118 9794170 -7111197 TO ENRICH THE LIVES OF SENIOR ADULTS BY EMPOWERING EACH INDIVIDUAL TO FLOURISH WHILE AGING IN PLACE WITHIN A CHRISTIAN ENVIRONMENT 0 0 26668692 2192247 TO PROVIDE HOUSING AND MINISTRIES TO SENIOR ADULTS. 0 0 0 26668692 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 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 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X JUSTIN LINDSEY 4707682834 1861 CLAIRMONT ROAD DECATUR GA 300333430 SHANNON WATSON PRESIDENT/CEO 38 2 X X 0 197979 21592 SHARALENE ROPER VICE PRESIDENT 38 2 X X 0 168033 10352 CHARLES HUNNICUTT BOARD MEMBER 0 X 0 0 0 HEATHER ROBINSON CAMP BOARD MEMBER 0 X 0 0 0 REV STEPHEN AWTREY BOARD MEMBER 0 X 0 0 0 MARK CAMP BOARD MEMBER 0 X 0 0 0 THOMAS HAMMOND JR BOARD MEMBER 0 X 0 0 0 JUDY HAYES BOARD MEMBER 0 X 0 0 0 REV DARREN HUGHES BOARD MEMBER 0 X 0 0 0 JIMMY KIMSEY BOARD MEMBER 0 X 0 0 0 DALE MCCLAIN BOARD MEMBER 0 X 0 0 0 JOHN MOORE BOARD MEMBER 0 X 0 0 0 RUTH UDAIKAR BOARD MEMBER 0 X 0 0 0 ANN WATTS BOARD MEMBER 0 X 0 0 0 TIM WILSON BOARD MEMBER 0 X 0 0 0 BRANDON BURK BOARD MEMBER 0 X 0 0 0 JUSTIN CROSS BOARD MEMBER 0 X 0 0 0 RUSSEL MARSHALL BOARD MEMBER 0 X 0 0 0 JUSTIN LINDSEY CHAIR 0 X X 0 0 0 JUSTIN BLEEKER SECRETARY 0 X X 0 0 0 0 366012 31944 0 1 1 0 0 0 0 0 0 0 1200 0 1200 RESIDENTS RENTS 623990 2156163 2156163 0 0 RESIDENTS FEES 623990 18775 18775 0 0 0 0 0 0 2174938 0 0 0 25030166 0 17099950 0 7930216 7930216 7930216 0 0 0 OTHER INCOME 900099 17309 17309 0 0 0 0 0 0 17309 10123663 10122463 0 0 X 0 0 0 0 393005 216153 176852 14795 8137 6658 33436 18390 15046 26882 14785 12097 2000 2000 21391 21391 46534 46534 8412 8412 220929 220929 6976 6976 362995 297237 65758 424333 418743 5590 64747 64747 REPAIRS AND MAINTENANCE 308380 308380 0 0 SUPPLIES AND OTHERS 23600 23600 0 0 FOOD EXPENSES 2391 2391 0 0 25068224 25068224 27029030 26668692 338947 21391 4158 340 51696 0 1746656 8830075 10400286 -7083419 6814898 17271038 -7083079 265714 9001 129682 19117 7011592 0 68356 0 1524 7476868 28118 X 9794170 -7111197 0 0 9794170 -7111197 17271038 -7083079 -16905367 0 0 0 0 0 X 0 0 0 X 2930 33815 11386 9280 1200 58611 2019712 2164101 2219411 2306632 2174938 10884794 2022642 2197916 2230797 2315912 2176138 10943405 10943405 6132 6132 6132 0 0 0 0 6132 61809 69926 54975 33583 17309 237602 2090583 2267842 2285772 2349495 2193447 11187139 0.97821 0.9746 0.00055 0.0008 X Schedule A, Part III, Line 12 Other income in additional to rent 354645 0 354645 1126112 0 7628679 -6502567 58923 0 47269 11654 129025 0 464639 -335614 77951 0 689488 -611537 -7083419 X X X 0 0 0 0 0 0 0 0 0 SHANNON WATSON PRESIDENT/CEO 0 197979 0 0 0 21592 0 0 0 0 0 219571 0 0 SHARALENE ROPER VICE PRESIDENT 0 168033 0 0 0 10352 0 0 0 0 0 178385 0 0 Form 990, Part VI, Section B, Line 11b A COPY OF THE 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 LEASING OFFICE. Form 990, Part IX, Line 24e IN NOVEMBER 2022, THE ORGANIZATION SOLD 91% OF ITS ASSETS TO A FOR-PROFIT ENTITY. THIS SALE WAS CONDUCTED UNDER THE OVERSIGHT OF THE 2021 BOARD OF DIRECTORS AND LEADERSHIP TEAM, WHO MANAGED ALL FINANCIAL AFFAIRS UP TO THAT POINT. SUBSEQUENTLY, A NEW BOARD OF DIRECTORS WAS APPOINTED, AND THE PRECEDING BOARD RESIGNED. FOLLOWING THE ASSET SALE AND BEFORE THE TRANSITION TO THE NEW BOARD, THE OUTGOING LEADERSHIP TRANSFERRED THE SALE PROCEEDS TO THE BAPTIST RETIREMENT COMMUNITIES OF GEORGIA (BRCGA). THIS ACTION, APPROVED BY THE FORMER BOARD, IS REPORTED AS AN "OTHER EXPENSE" IN OUR FINANCIAL STATEMENTS. THIS TRANSFER WAS IN ALIGNMENT WITH THE ORGANIZATION'S OBJECTIVES AND APPROVED BY THE GOVERNING BODY IN PLACE AT THE TIME OF TRANSACTION. BAPTIST RETIREMENT COMMUNITIES OF GEORGIA INC 1861 CLAIRMONT ROAD DECATUR GA 30033 580969850 AFFORDABLE HOUSING FOR THE ELDERLY GA 501(C)(3) LINE 12A, I N/A 0 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 0 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1 BAPTIST RETIREMENT COMMUNITIES OF GEORGIA INC o 366012 ACTUAL AMOUNT BAPTIST RETIREMENT COMMUNITIES OF GEORGIA INC r 25030166 ACTUAL AMOUNT THE LATE FILING OF FORM 990 STEMS FROM SEVERAL CHALLENGES ENCOUNTERED DURING A SIGNIFICANT ORGANIZATIONAL TRANSITION. FOLLOWING THE SALE OF 91% OF OUR ASSETS TO A FOR-PROFIT ENTITY IN NOVEMBER 2022, WE RETAINED ONLY 9% OF OUR ORIGINAL ASSETS. THIS PERIOD ALSO SAW A COMPLETE CHANGE IN OUR BOARD OF DIRECTORS COINCIDING WITH THE SALE. THE TRANSITION HINDERED EFFECTIVE COMMUNICATION AND THE TRANSFER OF FINANCIAL INFORMATION FROM THE OUTGOING TO THE INCOMING TEAM, COMPLICATING THE NEW BOARD'S ABILITY TO ACCURATELY PREPARE AND PRESENT FINANCIAL DATA FOR THIS FILING. RECOGNIZING THESE ISSUES, WE ARE ACTIVELY WORKING TO IMPROVE OUR INTERNAL COMMUNICATION, GOVERNANCE, AND COMPLIANCE PROCESSES TO PREVENT FUTURE DELAYS. WE SINCERELY APOLOGIZE FOR ANY INCONVENIENCE THIS DELAY MAY HAVE CAUSED AND GREATLY APPRECIATE YOUR PATIENCE AND UNDERSTANDING AS WE NAVIGATE THESE CHANGES.