2024-11-11T08:05:28-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 871532163 LYNCHBURG BAPTIST RETIREMENT COMMUNITY LLC LYNC 8045219206 3961 STILLMAN PKWY 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 THE SUMMIT JONATHAN COOK 3961 STILLMAN PKWY GLEN ALLEN VA 23060 8350935 0 X WWW.LIFESPIRELIVING.ORG X 2021 VA TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY. 17 17 0 56 0 0 32235 1105 7941955 8307094 59463 42736 0 8033653 8350935 18276 20748 0 2706574 3766487 0 0 5307500 4805591 8032350 8592826 1303 -241891 64392502 63816375 64008453 63674217 384049 142158 TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY. 0 0 7735556 20748 8307094 LYNCHBURG BAPTIST RETIREMENT COMMUNITY (AKA THE SUMMIT) IS A SENIOR LIVING COMMUNITY PROVIDING AN ENVIRONMENT FOR EACH RESIDENT TO BE ENGAGED IN LIFE. THE SUMMIT USES A BALANCED APPROACH TO NURTURE HEART AND SOUL, BODY, AND MIND. AT THE SUMMIT, RESIDENTS ARE OFFERED A VARIETY OF LIVING ARRANGEMENTS, FROM INDEPENDENT LIVING, TO ASSISTED LIVING AND SKILLED NURSING. RESIDENTS ARE ALSO PROVIDED WITH A VARIETY OF DINING, RECREATIONAL, SOCIAL, AND HEALTH/WELLNESS AMENITIES. IN SHORT, THE SUMMIT PROVIDES ITS RESIDENTS WITH ALL THE AMENITIES TO HELP THEM LIVE A FULL AND HAPPY RETIREMENT LIFE. 7735556 1 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 39 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X ERIK MAURITSEN 8045219206 3961 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 THOMSON TRUSTEE 1.00 X 0 0 0 JIM VAUGHT TRUSTEE 1.00 X 0 0 0 SUSAN RUCKER TRUSTEE 1.00 X 0 0 0 JONATHAN COOK PRESIDENT & CEO 1.00 39.00 X 0 636082 49386 TRACEY JENNINGS COO 1.00 39.00 X 0 344964 56873 CHRIS MARKWITH CFO 1.00 39.00 X 0 299945 49267 JOHN P ROBINSON CHIEF MARKETING OFFICER 1.00 39.00 X 0 278073 63724 LISA LEAGER CSO 1.00 39.00 X 0 293428 57118 KRISTI MARTIN EXECUTIVE DIRECTOR 40.00 X 57413 0 7243 ADAM FELDBAUER EXEC DIR LEFT BEFORE YEAR END 40.00 X 150035 0 9129 LISA WATSON ASSISTED LIVING ADMINISTRATOR 40.00 X 102412 0 25015 309860 1852492 317755 2 0 1 0 SYSCO FOOD SERVICES 5081 SOUTH VALLEY PIKE HARRISONBURG PA 22801 FOOD SERVICE 427658 CENVAR ROOFING PO BOX 4414 LYNCHBURG VA 24502 ROOFING CONTRACTOR 307765 WITT MECHANICAL 702 RAILLROAD AVE BEDFORD VA 24523 CONTRACTOR 229985 CABINET CRAFTERS 113-A TRADEWYND DR LYNCHBURG VA 24502 CONTRACTOR 219878 RSG LANDSCAPING PO BOX 110 CONCORD VA 24538 CONTRACTOR 176827 9 1105 1105 RESIDENTIAL HEALTHCARE 623990 8087783 8087783 219311 219311 8307094 42736 42736 8350935 8307094 0 42736 20748 20748 278073 278073 2856034 2694030 162004 63276 56581 6695 340261 304261 36000 228843 206183 22660 232803 175604 57199 55219 55219 105025 105025 23131 23131 925400 855385 70015 30820 30820 1009530 987467 22063 1000033 991051 8982 89899 87939 1960 MEALS 509258 509258 SERVICE CONTRACTS 376745 376745 SUPPLIES 192087 192087 MISCELLANEOUS 120116 120116 135525 127281 8244 8592826 7735556 857270 0 -285918 -494135 279603 74130 247800 427200 102517 67546 41052907 2049527 35848731 39003380 125838 28199769 24612416 64392502 63816375 1276894 2380692 28959599 29092055 15600000 13622000 18171960 18579470 64008453 63674217 X 0 0 0 0 384049 142158 384049 142158 64392502 63816375 -241891 0 X 0 1 X 1 0 X 542838 32235 1105 576178 1846716 7941956 8307094 18095766 2389554 7974191 8308199 18671944 0 0 0 18671944 147 59463 42736 102346 147 59463 42736 102346 2389701 8033654 8350935 18774290 X SCHEDULE A, PART III THE 2021 TAX YEAR WAS A SHORT YEAR FROM JULY 1, 2021 THROUGH DECEMBER 31, 2021. 0 0 0 0 0 0 0 0 1 17 17 0 PART II-B, LINE 1: A PORTION OF THE ORGANIZATION'S ASSOCIATION DUES ARE ALLOCATED TO LOBBYING. 5741051 11160 5752211 5611490 129561 5741051 5388249 223241 5611490 5265183 123066 5388249 5396282 58293 -189392 5265183 0.80060 0.19940 0 1 0 4634569 4634569 31677526 1930510 29747016 449565 73108 376457 4291247 45909 4245338 39003380 DUE FROM AFFILIATES 24442276 ASSETS WHOSE USE IS LIMITED 170140 24612416 DEFERRED ENTRANCE FEES 15941899 DUE TO AFFILIATES 2511733 OPERATING LEASE PAYABLE 125838 18579470 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 FOLLOWS GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE HAS HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. 1 BENEVOLENCE 1 20748 PART I, LINE 2: THE ORGANIZATION GRANTS ASSISTANCE TOWARDS MONTHLY FEES THROUGH A FINANCIAL AID APPLICATION PROCESS. GRANTS ARE AWARDED IN THE FORM OF A REDUCTION OF RESIDENT MONTHLY FEES. 0 1 0 0 0 0 1 0 0 JONATHAN COOK PRESIDENT & CEO 0 444378 0 191704 0 0 0 0 0 49386 0 685468 0 0 TRACEY JENNINGS COO 0 291528 0 53436 0 0 0 0 0 56873 0 401837 0 0 LISA LEAGER CSO 0 259951 0 33477 0 0 0 0 0 57118 0 350546 0 0 CHRIS MARKWITH CFO 0 246913 0 53032 0 0 0 0 0 49267 0 349212 0 0 JOHN P ROBINSON CHIEF MARKETING OFFICER 0 172106 0 105967 0 0 0 32645 0 31079 0 341797 0 0 ADAM FELDBAUER EXEC DIR LEFT BEFORE YEAR END 109152 0 20183 0 20700 0 9129 0 0 0 159164 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 OF A RELATED ORGANIZATION, AFTER DELIBERATION, INCLUDING REVIEW OF THE "CHIEF EXECUTIVE OF MULTI-FACILITY ORGANIZATIONS COMPENSATION REPORT AND OTHER SENIOR LIVING INDUSTRY COMPARABILITY REPORTS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. PART I, LINE 4B J COOK 457(F) $75,539 PART I, LINE 6 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. A VIRGINIA SMALL BUSINESS FINANCING AUTHORITY 541300845 NONEAVAIL 2021-08-18 77875000 REFINANCE 2017A AND 2017B BONDS, PURCHASE OF THE SUMMIT, OTHER CAPITAL EXP. 0 0 1 A 1052163 27775325 496322 27279003 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART II, LINE 3, COLUMN A THE 2021 BOND ISSUE APPLIES TO MULTIPLE RELATED ORGANIZATIONS. THE AMOUNT REPORTED ON LINE 3 IS THE PORTION OF THE TOTAL BOND PROCEEDS ISSUED THAT ARE ATTRIBUTABLE TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 VIRGINIA BAPTIST HOMES, INC. IS THE SOLE MEMBER OF LYNCHBURG BAPTIST RETIREMENT COMMUNITY, LLC. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY THE ORGANIZATION'S EXTERNAL FINANCIAL AUDIT FIRM FROM INFORMATION THE ORGANIZATION FURNISHED AND REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER AND CONTROLLER PRIOR TO SUBMISSION TO THE IRS. 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 OF A RELATED ORGANIZATION, AFTER DELIBERATION, INCLUDING REVIEW OF THE "CHIEF EXECUTIVE OF MULTI-FACILITY ORGANIZATIONS COMPENSATION REPORT AND OTHER SENIOR LIVING INDUSTRY COMPARABILITY REPORTS. 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 WEBSITES. VIRGINIA BAPTIST HOMES INC 1900 LAUDERDALE DR RICHMOND VA 23238 540534405 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 12A, I 0 CULPEPER BAPTIST COMMUNITY INC PO BOX 191 CULPEPER VA 22701 521368412 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 10 0 NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC 955 HARPERVILLE RD NEWPORT NEWS VA 23601 521368408 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 10 0 LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC 1900 LAUDERDALE DR RICHMOND VA 23238 521368410 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 10 0 THE GLEBE INC 200 THE GLEBE BLVD DALEVILLE VA 24083 541917966 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 10 0 VIRGINIA BAPTIST HOMES FOUNDATION INC 3961 STILLMAN PARKWAY GLEN ALLEN VA 23060 521373103 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 12B, II 0 0 1 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0