2017-08-14T23:08:47-05:00 2016-09-30 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2015-10-01 470497753 Bethesda Foundation BETH 7194810100 15475 Gleneagle Drive Colorado Springs CO 80921 Nathan Merrill CFO, Secretary and Treasurer 7194810100 2017-08-14 1 David C Moja P00747006 7195286225 2015 2021-01-29 14:40:06Z Bethesda Snr Living Communities Larry W Smith 15475 Gleneagle Drive Colorado Springs CO 80921 40800263 0 X www.bethesdaseniorlivingcommunities.com X 1959 NE Serving seniors by enriching their physical, emotional and spiritual health. 8 4 1532 87 135600 15680 950 1719525 27109515 29616308 365271 500727 213706 243835 27689442 32080395 399196 550747 0 0 13220317 14491754 0 0 0 13787417 14920176 27406930 29962677 282512 2117718 77000643 93704287 60068096 75297022 16932547 18407265 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, acquistion, management contracts and programming. 0 0 25823118 550747 29652252 Development and operation of tax exempt assisted living communities, independent living communities, and memory care facilities for seniors in Arizona, Colorado, Indiana, Missouri, Nebraska, and Texas. Cared for an average of 742 residents during the fiscal year ended 9/30/2016. 25823118 1 1 0 1 0 0 0 0 0 0 1 0 0 0 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 1 1 1 1 0 0 1 126 0 1 1532 1 1 1 0 0 0 0 0 0 0 0 0 X 8 4 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ IN X Nathan Merrill 7194810100 15475 Gleneagle Drive Colorado Springs CO 80921 X Larry W Smith President & Director 30.00 18.00 X X 205133 0 7337 Dana L Rasic VP & Director 20.00 30.00 X X 0 293892 38090 Nathan D Merrill CFO, Secretary, Treasurer 17.00 23.00 X X 0 185943 28610 Don A Morgan Director 5.00 5.00 X 36575 20342 0 Daniel C Vagle Director 1.00 10.00 X 7333 38842 0 Lyle G Arent Director (part year) 1.00 3.00 X 0 16942 0 Dale R Turner Director 2.00 10.00 X 1833 50742 0 Don Beard Director 1.00 6.00 X 17833 20342 0 Mark Pluimer Director 1.00 44.00 X 0 155290 26802 Sean P Rice Assistant Secretary 16.00 24.00 X 0 97875 18433 Tom Workman Assistant Secretary 1.00 3.00 X 0 0 0 Rick G Summers VP of Operations 28.00 20.00 X 145944 0 21608 Angela Green-Scanlon VP of Sales & Marketing (part year) 25.00 20.00 X 115518 0 11174 Bryan Beamer Construction and Facilities Director 50.00 X 103114 0 5094 Andrew McCormick Regional Director of Operations 40.00 X 105783 0 18055 Linda Carter VP of Clinical Services (part year) 25.00 20.00 X 100396 0 3976 839462 880210 179179 6 0 1 0 Lantz-Boggio Architects PC 5650 DTC Parkway 200 Englewood CO 80111 Architectual 423640 Ducker Roofing 609 Smith Ave Crowley TX 76036 Roofing 245531 McGill Gotsdiner WorkmanLepp PC LLO 11404 West Dodge Road Omaha NE 68154 Legal 171439 Five19 Creative LLC 15800 Draycot Drive Midlothian VA 23112 Design 167878 Trane PO Box 98167 Chicago IL 60693 Heating & Air Conditioning 115884 5 1718538 987 1719525 Assisted Living 722320 27082661 27082661 Affiliate Income 900099 1913641 1913641 Community Fees 900099 480750 480750 Meals Income 900099 134400 134400 Guest/Employee Meals 900099 4856 4856 29616308 302376 302376 72291 1200 0 0 72291 1200 73491 1200 72291 8914319 3900 8719010 858 195309 3042 198351 198351 170344 170344 170344 32080395 29166646 135600 1058624 550747 550747 305899 270485 35414 12113028 10829283 1283745 258435 96909 161526 876313 825271 51042 938079 858877 79202 52266 37951 14315 991843 7800 984043 184 184 13868 13868 957938 476125 481813 617077 530688 86389 2663460 2602608 60852 435825 140066 295759 2210059 2134214 75845 463406 145053 318353 145501 45656 99845 1682841 1682841 3657105 3616669 40436 816702 807254 9448 Dues, Licenses, and Fee 92467 74587 17880 Bad Debts 61873 61873 Arbitrage 29600 29600 Bond Administration Fee 24165 24165 3996 3996 29962677 25823118 4139559 0 818959 3634846 17155 868592 561530 500793 64407 110617 438600 432946 99068080 25652627 60803117 73415453 7588605 7307691 1755344 308048 2694000 4494000 2258926 2631301 77000643 93704287 2748392 3748451 221196 294259 42673139 52582808 10253720 10064464 4171649 8607040 60068096 75297022 X 16932547 18407265 16932547 18407265 77000643 93704287 X 2117718 -129040 -513962 X X 0 1 X 1 0 X 2442 4810 5219 950 1719525 1732946 16766999 19303077 21672034 26429924 29069793 113241827 351642 363306 504727 553166 480750 2253591 17121083 19671193 22181980 26984040 31270068 117228364 0 1395472 1576223 1575066 1530907 1355730 7433398 1395472 1576223 1575066 1530907 1355730 7433398 109794966 327682 360896 326069 439534 375851 1830032 327682 360896 326069 439534 375851 1830032 16305 28101 25636 5886 15680 91608 136469 101709 238178 17465070 20060190 22533685 27565929 31763308 119388182 0.91960 0.98320 0.01530 0.01610 X Schedule A, Part III, Line 12, Explanation of Other Income: Other income - 2014 Amount: $ 136,469. 2015 Amount: $ 101,709. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 184 442 184 442 29962493 61110507 29962677 61110949 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 1604 1622 1607 442 5275 250000 250000 250000 250000 1000000 1500000 13743255 13743255 79049340 21585232 57464108 6076813 3892963 2183850 198672 174432 24240 73415453 Intercompany payables 8607040 8607040 X Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of September 30, 2016, Bethesda Foundation had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. Bethesda Foundation files tax returns in the United States (U.S.) federal jurisdiction. With a few exceptions, Bethesda Foundation is no longer subject to U.S. federal examinations by tax authorities for years before 2013. 1 Bethesda Ministries 15475 Gleneagle Dr Colorado Springs CO 80921 841087689 501(c)(3) 500000 Support Operations 1 0 Part I, Line 2: The board of directors of Bethesda Foundation has responsibility for ongoing oversight of the charitable operations of Bethesda Ministries. Four directors of Bethesda Foundation sit on the board of directors of Bethesda Ministries so they are involved in the financial oversight and use of all Bethesda Ministries funds including the grants from Bethesda Foundation. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 Larry W Smith President & Director 188069 0 11800 0 5264 0 7243 0 334 0 212710 0 0 0 Dana L Rasic VP & Director 0 257237 0 30000 0 6655 0 11060 0 36008 0 340960 0 0 Nathan D Merrill CFO, Secretary, Treasurer 0 164848 0 10000 0 11095 0 7424 0 27557 0 220924 0 0 Mark Pluimer Director 0 145485 0 6205 0 3600 0 6410 0 24916 0 186616 0 0 Rick G Summers VP of Operations 142462 0 1000 0 2482 0 5384 0 16465 0 167793 0 0 0 Part I, Line 1a 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. Rick Summers participated in the program during the year. Part I, Line 7 The organization and related entities pay 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 2014-02-07 22945098 Refinance Bonds 0 0 0 B Colorado Health Facilities Authority 840752932 2014-02-07 20949873 Finance New Acquistions 0 0 0 C Colorado Health Facilities Authority 840752932 2016-05-02 19810000 Finance New Acquistions and Construction 0 0 0 A 1111748 22945098 31435 22913663 2014 1 0 1 1 B 215113 20949873 20949873 2014 0 0 1 1 C 19810000 10908511 0 0 0 1 A 0 1 0 0 0.00750 0.00750 0 0 1 B 0 0 0 0 0 0 1 C 1 0 0 0 0 0 1 A 0 1 0 0 1 1 Compass Bank 7.000000000000 0 0 1 IXIS TransAmerica 14.000000000000 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 1 1 Compass Bank 10.000000000000 0 0 0 0 1 A 1 B 1 C 1 Form 990, Part VI, Section A, line 2 Dan Vagle and Dale Turner have a family relationship. Larry Smith, Dana Rasic, Nathan Merrill, Dale Turner, Daniel Vagle, Don Morgan, Don Beard, Sean Rice, and Mark Pluimer serve as directors and officers of related entities which creates a business relationship. Form 990, Part VI, Section A, line 4 The bylaws were updated, effective 9/30/2015, for a change in organizational structure. Bethesda Foundation is now the parent entity in the organizational structure and Bethesda Ministries, the former parent, is a subsidiary of the new parent organization. Form 990, Part VI, Section B, line 11 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, Section B, line 12c 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. If there are any conflicts of interest approved by the board, the individual with the conflict is precluded from participating in any discussions or decisions related to the organization. Form 990, Part VI, Section B, line 15 The organization utilizes the services of Payscale,Inc. to perform independent compensation studies for all officers and key employees. The last study was performed in September 2016, and the results were provided to the administrative committee of the board for review and approval. The approval process is documented in the minutes. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and audited financial statements are available upon request. FORM 990, PART VII 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. Part VII, Section A Independent Board Members Board members Daniel Vagle, Dale Turner, Don Morgan and Don Beard were compensated for their services provided in the capacity as members of the governing body. Therefore they are considered independent members of the board. Form 990, Part XI, line 9: Loss on interest rate swap -513,962. Form 990, Part XII, Line 2c The organization has a committee that assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year. BSLC Thornton LLC 15475 Gleneagle Drive Colorado Springs CO 80921 464174496 Senior Living CO 4661275 13917996 Bethesda Foundation BSLC Loveland LLC 15475 Gleneagle Drive Colorado Springs CO 80921 464185812 Senior Living CO 3261134 17779572 Bethesda Foundation BSLC Monument LLC 15475 Gleneagle Drive Colorado Springs CO 80921 300882536 Senior Living CO 228 3163005 Bethesda Foundation BSLC Homecare LLC 15475 Gleneagle Drive Colorado Springs CO 80921 471309258 Homecare CO -175048 0 Bethesda Foundation BSLC Frisco LLC 15475 Gleneagle Drive Colorado Springs CO 80921 300895578 Assisted Living Facility CO 1093225 14691031 Bethesda Foundation Bethesda Ministries 15475 Gleneagle Drive Colorado Springs CO 80921 841087689 Child Care NE 501(c)(3) Line 7 N/A 0 Bethesda Associates 15475 Gleneagle Drive Colorado Springs CO 80921 841087692 Support Org NE 501(c)(3) Line 11a, I Bethesda Foundation 0 BSLC II 15475 Gleneagle Drive Colorado Springs CO 80921 452666295 Asst'd Living NE 501(c)(3) Line 11a, I Bethesda Foundation 0 Bethesda Christian Broadcasting 15475 Gleneagle Drive Colorado Springs CO 80921 841162754 Christian Radio NE 501(c)(3) Line 9 Bethesda Foundation 1 Bethesda Real Estate Company 15475 Gleneagle Drive Colorado Springs CO 80921 841133889 Real Estate Lease CO Bethesda Associates C 0 Mission of Mercy Trust 15475 Gleneagle Drive Colorado Springs CO 80921 841469496 Trust NE Bethesda Ministries T 0 0 1 1 1 1 0 0 0 0 0 1 1 1 0 1 1 1 1 1 Bethesda Ministries B 500000 BSLC II C 1718538 BSLC II D 59915894 Bethesda Associates E 54199658 Bethesda Ministries K 66414 BSLC II L 1913647 Bethesda Associates M 1757311 BSLC II O 11059682 Bethesda Associates P 1482736 Bethesda Ministries P BSLC II P Bethesda Associates Q 206509 BSLC II Q 16769763 Bethesda Christian Broadcasting Q Bethesda Real Estate Q Bethesda Ministries Q Bethesda Associates S 455155 BSLC II S 3980236 Bethesda Foundation 15475 Gleneagle Drive Colorado Springs CO 80921 470497753 X 0 184 184 29962493 29962677 1000000 250000 0 0 29962677 Bethesda Ministries 15475 Gleneagle Drive Colorado Springs CO 80921 841087689 0 0 0 16479874 16479874 973994 243499 0 0 16479874 Bethesda Associates 15475 Gleneagle Drive Colorado Springs CO 80921 841087692 0 0 0 3784722 3784722 339236 84809 0 0 3784722 Bethesda Christian Broadcasting 15475 Gleneagle Drive Colorado Springs CO 80921 841087689 0 0 0 1976416 1976416 248821 62205 0 0 1976416 BSLC II 15475 Gleneagle Drive Colorado Springs CO 80921 452666295 X 0 258 258 31148014 31148272 1000000 250000 0 0 31418272