2024-11-11T08:09:48-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 540534405 VIRGINIA BAPTIST HOMES INC VIRG 8045219206 3961 STILLMAN PARKWAY GLEN ALLEN VA 23060 ERIK MAURITSEN CHIEF FINANCIAL OFFICER 8045219206 2024-11-08 1 0 KATHERINE A WARLICK P02065266 7049985200 2024-11-08 2023 2024-10-15 13:58:12Z X LIFESPIRE OF VIRGINIA JONATHAN COOK 3961 STILLMAN PARKWAY GLEN ALLEN VA 23060 8332415 0 X WWW.LIFESPIRELIVING.ORG X 1946 VA OWN AND OPERATE PLANNED SERVICES COMMUNITIES FOR SENIOR ADULTS, SOME OF WHOM CANNOT AFFORD TO PAY THE FULL COST OF THEIR CARE, WHILE PROVIDING "DIGNITY IN LIVING." 17 17 1846 0 0 0 1500 7611719 7603448 675650 43500 47275 7655219 8327873 4131891 4405510 0 4735041 4395143 0 567655 2854258 3174835 11721190 11975488 -4065971 -3647615 107437962 91477486 117243987 122037158 -9806025 -30559672 OWN AND OPERATE PLANNED SERVICES COMMUNITIES FOR SENIOR ADULTS, SOME OF WHOM CANNOT AFFORD TO PAY THE FULL COST OF THEIR CARE, WHILE PROVIDING "DIGNITY IN LIVING" 0 0 8964057 4405510 7570627 THE ORGANIZATION SUPPORTED THE CHARITABLE PURPOSES OF OUR SUBSIDIARIES BY PROVIDING MANAGEMENT, CONDUCTING SHORT AND LONG RANGE PLANNING, DEVELOPING BUDGETS AND PERFORMING OTHER SUPPORTIVE SERVICES AS NEEDED. 8964057 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1846 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X ERIK MAURITSEN 8045219206 3951 STILLMAN PKWY GLEN ALLEN VA 23060 MR SCOTT CAVE TRUSTEE 1.00 X 0 0 0 REVDAN CARLTON TRUSTEE 1.00 X 0 0 0 MR JAMES BALES TRUSTEE 1.00 X 0 0 0 MSSHARON BROOKS TRUSTEE 1.00 X 0 0 0 DRVALERIE CARTER TRUSTEE 1.00 X 0 0 0 DRTIFFANY FRANKS TRUSTEE 1.00 X 0 0 0 REVNELSON HARRIS TRUSTEE 1.00 X 0 0 0 MR JOHN JUNG TRUSTEE 1.00 X 0 0 0 MRSSALLIE MARCHELLO TRUSTEE 1.00 X 0 0 0 MR ARNIE OWENS TRUSTEE 1.00 X 0 0 0 DRPAM PARSONS TRUSTEE 1.00 X 0 0 0 MR JOHN POMA TRUSTEE 1.00 X 0 0 0 MR MATTHEW SCOTT TRUSTEE 1.00 X 0 0 0 JIM POATS TRUSTEE 1.00 X 0 0 0 GARY THOMPSON TRUSTEE 1.00 X 0 0 0 SUSAN RUCKER TRUSTEE 1.00 X 0 0 0 JIM VAUGHT TRUSTEE 1.00 X 0 0 0 JONATHAN COOK PRESIDENT & CEO 35.00 5.00 X 636082 0 49385 TRACEY JENNINGS COO 35.00 5.00 X 344964 0 56873 CHRIS MARKWITH CFO 35.00 5.00 X 299945 0 49267 JOHN P ROBINSON CHIEF MARKETING OFFICER 35.00 5.00 X 278073 0 63724 LISA LEAGER CSO 35.00 5.00 X 293428 0 57118 PAULA BOLTON CORPORATE DIRECTOR OF CLINICAL SERVICES 40.00 X 198850 0 30806 LAURA WOOTON VICE PRESIDENT OF HUMAN RESOURCES 40.00 X 196023 0 23595 ROBERT WILBANKS VICE PRESIDENT OF IT 40.00 X 167203 0 53484 CHRISTINE MORAN CORPORATE CONTROLLER 40.00 X 144515 0 55203 TAMMY ARNETTE CORPORATE DIRECTOR OF COMMUNICATIONS 40.00 X 108234 0 20170 2667317 0 459625 10 0 1 0 CENTURY CONSTRUCTION 7416 FOREST HILL AVE RICHMOND VA 23225 CONTRACTOR 4564979 SFCS 305 SOUTH JEFFERSON ST ROANOKE VA 24011 CONSULTING 2135761 JAMERSON-LEWIS CONSTRUCTION 1306 STEPHENSON AVE LYNCHBURG VA 24501 CONTRACTOR 1115172 SEGRA PO BOX 631140 CINCINNATI OH 45263 CONSULTING 492173 CONVERGENT TECHNOLOGIES PO BOX 73682 CHESTERFIELD VA 23235 CONSULTING 395523 14 1500 1500 CORPORATE INCOME 561000 7570983 7570983 32465 32465 7603448 680192 680192 47275 0 47275 47275 47275 4186 356 -4186 -356 -4542 -356 -4186 8327873 7570627 0 755746 4405510 4405510 1852491 1000347 815090 37054 2119123 1144328 932407 42388 197744 106782 87007 3955 225785 121925 99344 4516 1048660 568918 479742 94410 94410 46777 46777 155000 155000 103788 103788 111946 70646 41300 230904 230904 158389 158389 26467 26467 DUES/SUBSCRIPTIONS/LICE 847544 534859 312685 MISCELLANEOUS EXPENSES 122571 77351 45220 BANK SERVICE CHARGES 114444 72222 42222 REPAIRS AND MAINTENANCE 113935 71901 42034 11975488 8964057 2443776 567655 33953822 20490469 1100844 1200593 2926821 1963879 1020870 962942 22939965 32178285 623524 47798937 36645197 107437962 91477486 4166767 4106498 8658980 7616107 104418240 110314553 117243987 122037158 X -13839059 -48437260 4033034 17877588 -9806025 -30559672 107437962 91477486 X -3647615 2341716 -19447748 X 0 1 X 1 0 X X 5 CULPEPER BAPTIST RETIREMENT COMMUNITY INC 521368412 10 1 0 0 NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC 521368408 10 1 0 0 LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC 521368410 10 1 0 0 THE GLEBE INC 541917966 10 1 0 0 LYNCHBURG BAPTIST RETIREMENT COMMUNITY LLC 871532163 10 1 0 0 5 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 5741051 11160 5752211 5611490 129561 5741051 5388249 223241 5611490 5265183 123066 5388249 5396282 58293 -189392 5265183 0.80060 0.19940 0 1 1 459010 459010 359739 575489 -215750 2108072 1388390 719682 962942 INVESTMENT ASSETS WHOSE USE IS LIMITED 517911 F BENEFICIAL INTEREST IN PERPETUAL TRUST 4219350 F INVESTMENTS UNDER BOND INDENTURE AGREEMENT 5344672 F OTHER INVESTMENTS 22096352 F 32178285 DUE FROM AFFILIATES 54383336 DEPOSITS AND OTHER CURRENT ASSETS 1253494 RIGHT OF USE ASSET 498921 OTHER NON-CURRENT ASSETS 448456 BENEFICIAL INTERST IN NET ASSETS OF AFFILIATES -19939010 36645197 DUE TO AFFILIATES 109815635 LEASE PAYABLE 498918 110314553 X PART V, LINE 4: VIRGINIA BAPTIST HOMES FOUNDATION, INC., A RELATED ORGANIZATION, HOLDS AND ADMINISTERS ENDOWMENTS FOR ALL OF THE RELATED ORGANIZATIONS LISTED IN SCHEDULE R. THE ENDOWMENTS ARE TO BE USED TOWARDS THE CONTINUATION OF RESIDENT SERVICES. THE AMOUNTS SHOWN IN PART V REPRESENT THE AGGREGATE BALANCE OF THE DONOR-RESTRICTED ASSETS HELD BY THE FOUNDATION ON BEHALF OF ALL RELATED ORGANIZATIONS. PART X, LINE 2: THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE ORGANIZATION ADOPTED ACCOUNTING GUIDANCE REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. 1 VIRGINIA BAPTIST HOMES FOUNDATION 1900 LAUDERDALE DR RICHMOND VA 23238 521373103 501(C)(3) 4405510 0 TO SUPPORT THE CHARITABLE ACTIVITIES OF THE LIFESPIRE ENTITIES PART I, LINE 2: THE ORGANIZATION PROVIDES GRANT FUNDS SOLELY TO THE ORGANIZATIONS THAT IT SUPPORTS AS A SECTION 509(A)(3) SUPPORTING ORGANIZATION. X X X 0 1 0 1 1 1 1 1 0 JONATHAN COOK PRESIDENT & CEO 444378 0 191704 0 0 0 40351 0 9034 0 685467 0 0 0 TRACEY JENNINGS COO 291528 0 53436 0 0 0 44376 0 12497 0 401837 0 0 0 LISA LEAGER CSO 259951 0 33477 0 0 0 42643 0 14475 0 350546 0 0 0 CHRIS MARKWITH CFO 246913 0 53032 0 0 0 42596 0 6671 0 349212 0 0 0 JOHN P ROBINSON CHIEF MARKETING OFFICER 172106 0 105967 0 0 0 32645 0 31079 0 341797 0 0 0 PAULA BOLTON CORPORATE DIRECTOR OF CLINICAL SERVI 172253 0 26597 0 0 0 14274 0 16532 0 229656 0 0 0 ROBERT WILBANKS VICE PRESIDENT OF IT 155723 0 11480 0 0 0 29411 0 24073 0 220687 0 0 0 LAURA WOOTON VICE PRESIDENT OF HUMAN RESOURCES 177460 0 18563 0 0 0 11983 0 11612 0 219618 0 0 0 CHRISTINE MORAN CORPORATE CONTROLLER 144515 0 0 0 0 0 24800 0 30403 0 199718 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES IS SET BY THE BOARD OF TRUSTEES AFTER DELIBERATION, INCLUDING REVIEW OF THE "CHIEF EXECUTIVE OF MULTI-FACILITY ORGANIZATIONS COMPENSATION REPORT AND OTHER SENIOR LIVING INDUSTRY COMPARABILITY REPORTS. THIS PROCESS WAS LAST COMPLETED IN 2024. PART I, LINE 4B J COOK 457(F) $75,539 PART I, LINE 5 EFFECTIVE IN 2016 THE BOARD OF TRUSTEES IMPLEMENTED AN INCENTIVE COMPENSATION PLAN BASE ON SEVERAL SPECIFIED FACTORS, ONE OF WHICH IS ADJUSTED NET OPERATING MARGIN. PART I, LINE 6 A PORTION OF MR. JOHN P. ROBINSON'S COMPENSATION IS NON-FIXED AND IS BASED UPON THE AMOUNT OF NET ENTRY FEES COLLECTED FROM RESIDENTS. MR. ROBINSON IS THE ORGANIZATION'S VICE PRESIDENT OF MARKETING AND PUBLIC RELATIONS. PART I, LINE 7 SEE PART I, LINE 6 DESCRIPTION ABOVE. A EDA OF NEWPORT NEWS 521290859 65225PAM8 2016-10-12 91459243 TO REFUND 2006 TAX-EXEMPT BONDS AND SECURED DEBT 0 0 1 A 1439526 5998659 251296 56237 5942422 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THIS FORM 990 IS REVIEWED IN DETAIL BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER, AND CONTROLLER, IN CONSULTATION AS NECESSARY WITH THE ORGANIZATION'S AUDIT/ACCOUNTING FIRM AND PREPARER. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND THE VIRGINIA BAPTIST HOMES, INC. COMPLIANCE OFFICER MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY, IN ACCORDANCE WITH THE VBH CORPORATE COMPLIANCE PROGRAM. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES IS SET BY THE BOARD OF TRUSTEES AFTER DELIBERATION, INCLUDING REVIEW OF THE "CHIEF EXECUTIVE OF MULTI-FACILITY ORGANIZATIONS COMPENSATION REPORT AND OTHER SENIOR LIVING INDUSTRY COMPARABILITY REPORTS. ALL POSITIONS OTHER THAN THE CEO AND OFFICERS ARE REVIEWED AND BENCHMARKED BY A THIRD PARTY, LOCKTON. THEIR RECOMMENDATIONS ARE PROVIDED TO MANAGEMENT IN EVALUATING SALARY INCREASE AND ANNUAL MERIT INCREASES FOR ALL TEAM MEMBERS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND ASSOCIATED MATERIALS ARE MADE AVAILABLE AT, OR BY REQUEST TO, EITHER THE BUSINESS' LOCATION OR THE HEADQUARTERS OF VIRGINIA BAPTIST HOMES, INC. THE FORM 990 MAY ALSO BE VIEWED ON CERTAIN THIRD PARTY WEB SITES. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF PERPETUAL TRUSTS 491,262. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF AFFILIATES 8,488,712. AUDIT ADJUSTMENT FOR BENEFICIAL INTEREST IN NET ASSETS OF AFFILIATES -28,427,722. 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