2025-10-22T15:39:04-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-01-01 871532163 LYNCHBURG BAPTIST RETIREMENT COMMUNITY LLC LYNC 8045219206 3961 STILLMAN PKWY GLEN ALLEN VA 23060 JONATHAN COOK PRESIDENT & CEO 8045219206 2025-10-21 1 1 KATHERINE A WARLICK P02065266 7049985200 2025-10-21 2024 2025-03-06 01:10:19Z THE SUMMIT JONATHAN COOK 3961 STILLMAN PKWY GLEN ALLEN VA 23060 10042367 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 1105 1781 8307094 9762834 42736 277752 0 0 8350935 10042367 20748 24204 0 0 3766487 4613606 0 0 0 4805591 6639189 8592826 11276999 -241891 -1234632 63816375 181772805 63674217 182865279 142158 -1092474 TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY. 0 0 10595694 24204 9762834 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. 10595694 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 42 0 1 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 JONATHAN COOK 8045219206 3961 STILLMAN PKWY GLEN ALLEN VA 23060 REVNELSON HARRIS CHAIR 1.00 0.00 X X 0 0 0 MRSSARA L MARCHELLO VICE CHAIR 1.00 0.00 X X 0 0 0 MR MATTHEW SCOTT SECRETARY 1.00 0.00 X X 0 0 0 MR SCOTT CAVE TRUSTEE 1.00 0.00 X 0 0 0 REVDAN CARLTON TRUSTEE 1.00 0.00 X 0 0 0 MR JAMES BALES TRUSTEE 1.00 0.00 X 0 0 0 MSSHARON BROOKS TRUSTEE 1.00 0.00 X 0 0 0 DRVALERIE CARTER TRUSTEE 1.00 0.00 X 0 0 0 DRTIFFANY FRANKS TRUSTEE 1.00 0.00 X 0 0 0 MR JOHN JUNG TRUSTEE 1.00 0.00 X 0 0 0 MR ARNIE OWENS TRUSTEE 1.00 0.00 X 0 0 0 DRPAM PARSONS TRUSTEE 1.00 0.00 X 0 0 0 MR JIM POATS TRUSTEE 1.00 0.00 X 0 0 0 MR JOHN POMA TRUSTEE 1.00 0.00 X 0 0 0 MRS SUSAN RUCKER TRUSTEE 1.00 0.00 X 0 0 0 MR GARY THOMSON TRUSTEE 1.00 0.00 X 0 0 0 MR JIM VAUGHT TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN COOK PRESIDENT & CEO 1.00 39.00 X 0 711925 48553 LISA LEGEER CSO 1.00 39.00 X 0 347887 57588 TRACEY JENNINGS COO 1.00 39.00 X 0 394404 45574 CHRIS MARKWITH CFO (THRU 02/24) 1.00 39.00 X 0 143720 12587 ERIK MAURITSEN CFO (AS OF 05/24) 1.00 39.00 X 0 160145 24428 JOHN P ROBINSON CMO 1.00 39.00 X 0 273378 66084 KRISTI MARTIN EXECUTIVE DIRECTOR 40.00 0.00 X 152450 0 27489 LISA WATSON ASSISTED LIVING ADMINISTRA 40.00 0.00 X 109935 0 21420 BRENDA L DIXON DIRECTOR OF SALES & MARKETING 40.00 2.00 X 140078 0 30977 402463 2031459 334700 3 0 1 0 SYSCO VIRGINIA 5081 SOUTH VALLEY PIKE HARRISONBURG VA 22801 FOOD SERVICE PROVIDER 469874 DRUMMOND ELECTRICAL 620 PINE RIDGE DR AMHEST VA 24521 CONSTRUCTION CONTRACTOR 202605 THE SHERWIN WILLIAMS CO 2010 ENTERPRISE DR FOREST VA 24551 CONSTRUCTION CONTRACTOR 179107 WITT MECHANICAL 702 RAILROAD AVE BEDFORD VA 24523 CONSTRUCTION CONTRACTOR 174952 RSG LANDSCAPING LLC PO BOX 110 CONCORD VA 24538 MAINTENANCE CONTRACTOR 170228 12 1781 1781 RESIDENTIAL HEALTHCARE 623990 9515376 9515376 247458 247458 9762834 277752 277752 10042367 9762834 0 277752 24204 24204 179939 179939 3572474 3361183 211291 70658 62129 8529 520358 463449 56909 270177 243424 26753 209877 158311 51566 43178 43178 105718 105718 5594 5594 1508514 1394381 114133 27610 27610 1636324 1600562 35762 1414998 1402289 12709 94637 92573 2064 MEALS 483346 483346 MISCELLANEOUS 419247 419247 SERVICE CONTRACTS 359377 359377 SUPPLIES 203537 203537 127232 120133 7099 11276999 10595694 681305 0 -494135 -59987 74130 61722 427200 606800 67546 20838 54149550 3464524 39003380 50685026 125838 92170 24612416 130366236 63816375 181772805 2380692 4973707 29092055 23858709 13622000 132014750 18579470 22018113 63674217 182865279 X 142158 -1601005 508531 142158 -1092474 63816375 181772805 -1234632 0 X X 0 1 X 1 0 X 542838 32235 1105 1781 577959 1846716 7941956 8307094 9762834 27858600 2389554 7974191 8308199 9764615 28436559 0 0 0 28436559 147 59463 42736 277752 380098 147 59463 42736 277752 380098 2389701 8033654 8350935 10042367 28816657 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 57 57 0 PART II-B, LINE 1: A PORTION OF THE ORGANIZATION'S ASSOCIATION DUES ARE ALLOCATED TO LOBBYING. 5752211 21858 5774069 5741051 11160 5752211 5611490 129561 5741051 5388249 223241 5611490 5265183 123066 5388249 0.00000 0.80136 0.19864 0 1 0 4634569 4634569 36820372 3211839 33608533 1023204 176554 846650 11671405 76131 11595274 50685026 DUE FROM AFFILIATES 36478285 ASSETS WHOSE USE IS LIMITED 92969281 ESCROW FUND 918670 130366236 DEFERRED ENTRANCE FEES 18609734 DUE TO AFFILIATES 3316209 OPERATING LEASE PAYABLE 92170 22018113 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: LIFESPIRE AND EACH OF ITS SUBSIDIARIES ARE NONPROFIT ORGANIZATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). LIFESPIRE AND EACH OF ITS SUBSIDIARIES FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF ANY OF THE ENTITIES. MANAGEMENT IS NOT AWARE OF ANY SIGNFICIANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, OR EXCISE OR OTHER TAXES FOR LIFESPIRE OR ITS SUBSIDIARIES. LIFESPIRE AND EACH OF ITS SUBSIDIARIES FOLLOW GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE HAS HAD NO IMPACT ON LIFESPIRE'S CONSOLIDATED FINANCIAL STATEMENTS. 1 BENEVOLENCE 1 24204 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. X X 0 1 0 0 0 0 1 0 0 JONATHAN COOK PRESIDENT & CEO 0 477238 0 234687 0 0 0 39604 0 8949 0 760478 0 0 TRACEY JENNINGS COO 0 314303 0 80101 0 0 0 33421 0 12153 0 439978 0 0 LISA LEGEER CSO 0 273949 0 73938 0 0 0 44114 0 13474 0 405475 0 0 JOHN P ROBINSON CMO 0 192127 0 81251 0 0 0 34117 0 31967 0 339462 0 0 ERIK MAURITSEN CFO (AS OF 05/24) 0 160145 0 0 0 0 0 15561 0 8867 0 184573 0 0 KRISTI MARTIN EXECUTIVE DIRECTOR 147450 0 5000 0 0 0 9950 0 17539 0 179939 0 0 0 BRENDA L DIXON DIRECTOR OF SALES & MARKETING 67248 0 72830 0 0 0 13266 0 17711 0 171055 0 0 0 CHRIS MARKWITH CFO (THRU 02/24) 0 143720 0 0 0 0 0 5956 0 6631 0 156307 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 2025. PART I, LINE 4B J COOK SERP $76,153 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 2592163 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 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. FOLLOWING THE INTERNAL REVIEW, THE 990 IS SENT TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW, AND THE FULL BOARD IS NOTIFIED THAT THE RETURN IS AVAILABLE FOR REVIEW. 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 2025. 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. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FORM THE PRIOR YEAR. 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 VBH CAPGRO INC 3961 STILLMAN PARKWAY GLEN ALLEN VA 23060 994277603 HOLDING COMPANY VA 501(C)(3) LINE 12B, II N/A 0 0 1 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0