2025-11-07T11:23:50-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 10401 W INNOVATION DR STE 300 WAUWATOSA WI 53226 990 2024-01-01 431821821 THE CAPSTONE GROUP INC AND SUBSIDIARIE CAPS 7705781754 3831 FENWAY CROSSING MARIETTA GA 30062 MICHAEL MICHAUD PRESIDENT 7705781754 2025-11-06 1 1 KRISTEN DONLEVY P01670215 4144761880 2025-11-04 2024 2025-03-06 01:10:19Z MICHAEL MICHAUD 3831 FENWAY CROSSING MARIETTA GA 30062 10682356 0 X X 1998 MO OPERATION OF LONG-TERM HEALTH CARE FACILITIES AND DEVELOPMENT OF WORKFORCE HOUSING PROJECTS. 3 0 219 68 0 0 1493561 8829 10216602 10558058 55550 -125093 0 2688 11765713 10444482 250 1490 0 0 5114334 5287042 0 0 0 5888992 5234550 11003576 10523082 762137 -78600 12895421 12242822 7468704 7381598 5426717 4861224 OPERATION OF LONG-TERM HEALTH CARE FACILITIES 0 0 9095469 1490 10558058 OPERATION OF LONG-TERM HEALTH CARE FACILITIES. THE CAPSTONE GROUP OWNS TWO FACILITIES, ONE IN GUTHRIE CENTER, IA AND ONE IN MARION, IA. THE GUTHRIE CENTER FACILITY OFFERS A FULL SPECTRUM OF CARE NEEDS, WITH SEVENTEEN (17) INDEPENDENT LIVING APARTMENTS FOR SENIOR CITIZENS, FOURTEEN (14) ASSISTED LIVING UNITS, AND FIFTY-EIGHT (58) SKILLED NURSING BEDS. IN TOTAL THE NEW HOMESTEAD IS CAPABLE OF SERVING, SHOULD THERE BE DEMAND, UP TO ONE-HUNDRED AND TWENTY-SIX (126) RESIDENTS WERE THERE TO BE COUPLES IN INDEPENDENT LIVING AND ASSISTED LIVING APARTMENTS. THE MARION FACILITY IS FOCUSED ON SKILLED NURSING CARE AND IS LICENSED FOR FIFTY (50) BEDS. 9095469 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 31 0 1 219 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL MICHAUD 7705781754 3831 FENWAY CROSSING MARIETTA GA 30062 MICHAEL A MICHAUD PRESIDENT & TREASURER 40.00 X X 123900 0 0 GREGORY T SLESSOR VICE PRESIDENT 3.00 X X 15000 0 0 JAMES J LOCK SECRETARY 3.00 X X 15000 0 0 HILAREE STRINGHAM ADMINISTRATOR 40.00 X 118959 0 9517 272859 0 9517 2 0 0 0 IOWA MEDICAID ENTERPRISE 1801 PARKVIEW DR SHOREVIEW MN 55126 QUALITY ACCESS FEES 964028 HEALTHCARE OF IOWA 5925 DRY CREEK LANE NE CEDAR RAPIDS IA 52402 MANAGEMENT/CONSULTING SERVICES 806503 MARTIN BROTHERS PO BOX 69 CEDAR FALLS IA 50613 FOOD SUPPLIES 408920 FUSION MEDICAL STAFFING PO BOX 30131 OMAHA NE 68103 STAFFING COMPANY 318800 HELPING HANDS NURSING SOLUTIONS 5510 SERGEANT ROAD SIOUX CITY IA 51106 STAFFING COMPANY 217336 9 8829 8829 PRIVATE PAY 623000 4335323 4335323 MEDICAID 623000 4256275 4256275 HOUSING 623000 1743380 1743380 MEDICARE B 623000 186673 186673 OTHER PROGRAM REVENUE 623000 23794 23794 12613 12613 10558058 112781 112781 237874 -237874 -237874 -237874 MISCELLANEOUS REVENUE 900099 2688 2688 2688 10444482 10558058 0 -122405 X 1490 1490 153900 153900 4510417 4009841 500576 28702 16892 11810 251656 139653 112003 342367 304852 37515 699853 627312 72541 122893 122893 200999 200999 1092682 1092682 35887 35887 154751 95454 59297 394091 375173 18918 34730 19088 15642 178877 178877 194372 194372 297012 297012 SUPPLIES 982020 982020 THERAPY 309186 309186 REPAIRS AND MAINTENANCE 192678 192678 BAD DEBT EXPENSE 95436 95436 249083 104987 144096 10523082 9095469 1427613 0 849431 1238070 3069623 1396876 1355466 1960126 72868 81498 10407232 3534314 7327483 6872918 220550 512951 0 180383 12895421 12242822 991812 880786 68252 229451 6408640 6271361 7468704 7381598 X 5426717 4861224 5426717 4861224 12895421 12242822 X -78600 60235 -226561 -320567 X 0 1 X 1 0 X 1493561 8829 1502390 9216930 10476913 8960534 10216602 10558058 49429037 9216930 10476913 8960534 11710163 10566887 50931427 0 0 0 50931427 16350 19029 19079 55369 112781 222608 16350 19029 19079 55369 112781 222608 2697 2697 9233280 10495942 8979613 11765532 10682365 51156732 0.99560 0.99410 0.00440 0.00250 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2024 AMOUNT: $ 2,697. 937330 937330 7786817 3452307 4334510 1588791 82007 1506784 94294 94294 6872918 X 10182720 60235 -321997 -261762 10444482 0 10444482 10427646 -95436 -95436 10523082 0 10523082 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES ON BUSINESS RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS ALSO EXEMPT FROM STATE INCOME TAXES. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME TAX (UBIT) IS REPORTED ON THE 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE MATTERS SUCH AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBIT. AS OF DECEMBER 31, 2024 AND 2023 THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -95,436. INTERCOMPANY ADJUSTMENT -226,561. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -95,436. FORM 990, PART VI, SECTION A, LINE 3 EFFECTIVE 1/1/17, HEALTHCARE OF IOWA AND ITS AFFILIATED ORGANIZATIONS, SUCH AS ASSISTED LIVING PARTNERS, TOOK OVER MANAGEMENT RESPONSIBILITIES FOR ALL LEVELS OF CARE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS REVIEW FORM 990 AND SHARE QUESTIONS, WHICH ARE ADDRESSES BY THE TAX PREPARER. IN ADDITION, THE FINAL FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS SUFFICIENTLY PRIOR TO FILING THE FORM SO THAT ANY FINAL COMMENTS COULD BE PROVIDED TO THE ORGANIZATION IN TIME TO PERMIT ANY NECESSARY REVISIONS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES ANNUAL EXECUTION OF A CERTIFICATION WITH RESPECT TO CONFLICTS AND ROUTINE DISCLOSURE IF THERE IS A CONFLICT IN CONNECTION WITH A MATTER THAT COMES BEFORE THE BOARD. THE BOARD MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY BY REQUIRING THE ANNUAL CERTIFICATION AND BY REMINDING BOARD MEMBERS OF THEIR OBLIGATIONS WITH RESPECT TO CONFLICT ON AN ON-GOING BASIS. IF A BOARD MEMBER HAS A CONFLICT OF INTEREST THEN THEY WILL NOT VOTE ON THE CONFLICTING ISSUE AT HAND. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD MET IN PRIVATE MAY 8, 2017 TO DISCUSS COMPENSATION FOR THE PRESIDENT/EXECUTIVE DIRECTOR, WHO WAS ABSENT DURING THE DISCUSSION. THE BOARD REVIEWED THE REQUIREMENTS OF THE POSITION, THE PRESIDENT/EXECUTIVE DIRECTOR'S QUALIFICATIONS, AND A COMPENSATION ANALYSIS BASED ON THE POSITION AS PREPARED BY AN INDEPENDENT CONSULTANT IN KANSAS CITY, MO. THE BOARD THEN DETERMINED THE PRESIDENT/EXECUTIVE DIRECTOR'S SALARY TO BE REASONABLE AND CONSISTENT WITH THE COMPANY'S EXECUTIVE COMPENSATION POLICY. THE BOARD MET AGAIN IN JAN 14, 2020 TO REVIEW THE PRESIDENT/EXECUTIVE DIRECTOR'S SALARY, WHICH WAS REDUCED IN VIEW OF BUSINESS CONDITIONS. THE BOARD MET AGAIN ON MARCH 3, 2022 TO REVIEW THE PRESIDENT/EXECUTIVE DIRECTOR'S SALARY. THE BOARD DECIDED TO INCREASE THE SALARY IN VIEW OF BUSINESS CONDITIONS AND COST OF LIVING INCREASES AND RESTORED IT TO ITS ORIGINAL LEVEL ESTABLISHED IN 2012. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 1,092,682. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,092,682. FORM 990, PART XI, LINE 9: EQUITY ADJUSTMENT -320,567. TNH OPERATIONS LLC 3831 FENWAY CROSSING MARIETTA GA 30062 853751356 HEALTH CARE GA 5778457 3006980 THE CAPSTONE GROUP INC TNH PROPERTY LLC 3831 FENWAY CROSSING MARIETTA GA 30062 853769617 HEALTH CARE GA 483862 6176842 THE CAPSTONE GROUP INC WH OPERATIONS LLC 3831 FENWAY CROSSING MARIETTA GA 30062 853787408 HEALTH CARE GA 5424126 2128834 THE CAPSTONE GROUP INC WH PROPERTY LLC 3831 FENWAY CROSSING MARIETTA GA 30062 853803488 HEALTH CARE GA 98748 1276739 THE CAPSTONE GROUP INC