2025-11-14T11:21:51-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 262386152 BONITA SPRINGS RETIREMENT VILLAGE INC BONI 2156618330 420 DELAWARE DRIVE FORT WASHINGTON PA 19034 SUSAN AHERN TREASURER 2156618330 2025-11-14 1 0 X KERRI N BOGDA P00760402 7177404863 2025-11-14 2024 2025-03-06 01:10:19Z X THE TERRACES AT BONITA SPRINGS GERALD T GRANT 420 DELAWARE DRIVE FORT WASHINGTON PA 19034 24418726 0 X WWW.ACTSRETIREMENT.ORG X 2008 FL THE PURPOSE OF BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS IS TO SERVE OLDER ADULTS SIXTY-TWO YEARS OF AGE AND OLDER, PROVIDING RETIREMENT-LIFE SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING CARE AND COMPLEMENTARY SERVICES; RESPONSIVE TO RESIDENT NEEDS IN A CHRISTIAN MANNER WITHOUT PREJUDICE OR PREFERENCE TO ANY FAITH, IN AN EXPRESSION OF LOVING KINDNESS. 4 2 306 2 0 0 88690 69665 22573706 23572077 605620 624805 0 128307 23268016 24394854 0 0 0 0 10201560 10670948 0 0 0 18974265 21921891 29175825 32592839 -5907809 -8197985 100350922 134900714 190812425 134834580 -90461503 66134 X BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS IS COMMITTED TO PROVIDING SECURITY AND PEACE OF MIND TO SENIORS BY BEING THE PRE-EMINENT PROVIDER OF RETIREMENT-LIFE SERVICES, RESPONSIVE TO INDIVIDUAL, SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE GRACED WITH LOVING-KINDNESS, DIGNITY, SENSITIVITY, HONESTY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE. 0 0 24542118 0 23572077 BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS PROVIDES LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDE INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY, HOUSEKEEPING, MAINTENANCE SERVICES AND SOCIAL, CULTURAL, EDUCATIONAL, SPIRITUAL AND RECREATIONAL ACTIVITIES. IN ADDITION, WHEN A RESIDENT'S HEALTH CARE NEEDS CHANGE, BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS OFFERS ASSISTED LIVING, MEMORY CARE, SKILLED NURSING CARE AND HOSPICE SERVICES. AT DECEMBER 31, 2024, BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS SERVED 145 RESIDENTS IN INDEPENDENT LIVING, 62 RESIDENTS IN ASSISTED LIVING, AND 31 RESIDENTS IN SKILLED CARE. 24542118 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 77 0 306 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SUSAN AHERN TREASURER 2156642738 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 X GERALD T GRANT CEO/CHAIRMAN/DIRECTOR (EFF. 11/1/24) 1.00 49.00 X X 0 873088 922751 KAREN I CHRISTIANSEN PRES./VICE CHAIR/DIR.(EFF. 11/1/24 1.00 49.00 X X 0 637993 276649 ELRIC C GERNER SECRETARY (EFF.11/1/24) 1.00 2.60 X X 0 0 0 JAMES T GLYNN DIRECTOR (EFF. 11/1/24) 1.00 2.00 X 0 0 0 LAWRENCE G SCHREIBER PRESIDENT & CEO (THRU 10/31/2024) 1.00 46.00 X X 0 6604896 60303 GLENDA EVANS HOOD CHAIR (THRU 10/31/2024) 1.00 7.00 X X 0 0 0 JACKSON NORMAN SAAER PHD VICE CHAIR (THRU 10/31/2024) 1.00 7.00 X X 0 0 0 BENJAMIN IRVING DOERR JR TREASURER (THRU 10/31/2024) 1.00 7.00 X X 0 0 0 KEVIN R MADDRON DIRECTOR (THRU 10/31/2024) 1.00 7.00 X X 0 0 0 DAVID STEWART DIRECTOR (THRU 10/31/2024) 1.00 1.00 X 0 0 0 STUART WALKER DIRECTOR (THRU 10/31/2024) 1.00 1.00 X 0 0 0 GLENN D FOX ASSISTANT SECRETARY (EFF. 11/1/24) 1.00 49.00 X 0 499910 493396 JONATHAN D GRANT ASSISTANT SECRETARY (EFF. 11/1/24) 1.00 49.00 X 0 458040 144921 SUSAN AHERN TREASURER (EFF. 11/1/24) 1.00 49.00 X 0 367783 33889 PEGGY C VALDIVIA ASSISTANT TREASURER (EFF. 11/1/24) 1.00 49.00 X 0 253989 22383 STEVEN ZIEGLER PRESIDENT & CLO (THRU 10/31/2024) 1.00 46.00 X 0 1752513 55883 MICHELE WASSERLAUF EXECUTIVE DIRECTOR 45.00 0.00 X 27914 328858 93187 DAVID GRAY NURSING HOME ADMINISTRATOR 40.00 0.00 X 174711 0 8376 LISA COX DIRECTOR OF NURSING 40.00 0.00 X 141345 0 12619 RACHEL HENDERSON SR MANAGER OF COMMUNITY SALES & MARKETING 40.00 0.00 X 128090 0 18942 KELLY MAIER LIFE CARE CONSULTANT 40.00 0.00 X 126750 0 6790 598810 11777070 2150089 8 0 1 0 POLSINELLI PC PO BOX 878681 KANSAS CITY MO 641878681 LEGAL SERVICES 1347243 SANTAFE HEALTHCARE INC PO BOX 749 GAINSVILLE FL 326020749 MANAGEMENT SERVICES 980000 FTI CONSULTING INC PO BOX 418005 BOSTON MA 02241 CONSULTING SERVICES 924812 EVOLUTION E&S CORP 1202 SOUTH WEST 17 CAPE CORAL FL 33991 CONSTRUCTION 835682 SANTAFE MANAGEMENT SERVICES LLC 4300 NW 89TH BLVD GAINSVILLE FL 32606 MANAGEMENT SERVICES 538057 16 69665 69665 MONTHLY SERVICE FEES 531110 11013795 11013795 MEDICAL SERVICES REVENUE 900099 5299603 5299603 MEDICARE 900099 3285754 3285754 ENTRANCE FEE AMORTIZATION 900099 2691711 2691711 ADMINISTRATIVE FEE 900099 697549 697549 583665 583665 23572077 581876 581876 41508 41508 48199 23872 24327 24327 24327 1421 0 1421 1421 1421 CAFE, CATERING, VENDING INCOME 900099 54433 54433 APARTMENT MODIFICATION 623000 44030 44030 EMPLOYEE MEALS 900099 4086 4086 1431 1431 103980 24394854 23572077 0 753112 9136949 8048436 1088513 65180 54692 10488 801709 695924 105785 667110 590131 76979 3210466 3210466 50356 50356 20787 20787 1671259 1631006 40253 561474 561474 602258 497966 104292 185865 185865 2586948 2586948 43455 39583 3872 4685022 4685022 3523096 3233977 289119 321253 321253 MANAGEMENT EXPENSES 2017653 2017653 FOOD EXPENSE 1192293 1192293 ACCRETION OF DEBT 413921 413921 MEDICAL SUPPLIES 237922 237922 597863 313044 284819 32592839 24542118 8050721 0 500 200 1426655 3153648 815722 1367307 120388 270148 320985 109113273 359951 80913378 108753322 3367410 12613718 358051 7643987 13436721 689496 100350922 134900714 1261660 3462302 94419 71106282 88947299 59640803 100509047 625193 190812425 134834580 X -91014469 -291916 552966 358050 -90461503 66134 100350922 134900714 X -8197985 176101 98549521 X 0 1 X 1 0 X 611593 607979 53944 88690 69665 1431871 18648560 18189621 20837642 22573706 23572077 103821606 19260153 18797600 20891586 22662396 23641742 105253477 0 158185 158185 158185 158185 105095292 756718 194332 272081 628816 741859 2593806 756718 194332 272081 628816 741859 2593806 103980 103980 20016871 18991932 21163667 23291212 24487581 107951263 0.97350 0.97560 0.02400 0.02290 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CATERING VENDING INCOME - 2024 AMOUNT: $ 54,433. APARTMENT MODIFICATION - 2024 AMOUNT: $ 44,030. EMPLOYEE MEALS - 2024 AMOUNT: $ 4,086. OTHER - 2024 AMOUNT: $ 1,431. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12313883 12313883 94961131 326409 94634722 1838259 33542 1804717 108753322 DUE TO AFFILIATES 386391 ENTRANCE FEE DEPOSITS 231302 SECURITY DEPOSITS 7500 625193 24514017 176101 -80810 95291 24418726 -23872 -23872 24394854 32616711 23872 23872 32592839 0 32592839 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN INVESTMENTS OF ACTS LEGACY FOUNDATION 261. CHANGE IN BENEFICIAL INTEREST IN INVESTMENTS OF SFSLF -91,965. CHANGE IN SPLIT INTEREST AGREEMENTS 10,894. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSES -23,872. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES 23,872. 0 1 0 0 0 0 0 0 0 LAWRENCE G SCHREIBER PRESIDENT & CEO (THRU 10/31/2024) 0 6604896 0 0 0 0 0 47600 0 12703 0 6665199 0 0 STEVEN ZIEGLER PRESIDENT & CLO (THRU 10/31/2024) 0 1752513 0 0 0 0 0 42804 0 13079 0 1808396 0 0 GERALD T GRANT CEO/CHAIRMAN/DIRECTOR (EFF. 11/1/24) 0 649885 0 223203 0 0 0 906605 0 16146 0 1795839 0 0 GLENN D FOX ASSISTANT SECRETARY (EFF. 11/1/24) 0 393206 0 106704 0 0 0 477250 0 16146 0 993306 0 0 KAREN I CHRISTIANSEN PRES./VICE CHAIR/DIR.(EFF. 11/1/24 0 477469 0 160524 0 0 0 256560 0 20089 0 914642 0 0 JONATHAN D GRANT ASSISTANT SECRETARY (EFF. 11/1/24) 0 358668 0 99372 0 0 0 124832 0 20089 0 602961 0 0 MICHELE WASSERLAUF EXECUTIVE DIRECTOR 27914 264718 0 64140 0 0 0 89916 0 3271 27914 422045 0 0 SUSAN AHERN TREASURER (EFF. 11/1/24) 0 296305 0 71478 0 0 0 13800 0 20089 0 401672 0 0 PEGGY C VALDIVIA ASSISTANT TREASURER (EFF. 11/1/24) 0 211254 0 42735 0 0 0 10175 0 12208 0 276372 0 0 DAVID GRAY NURSING HOME ADMINISTRATOR 160338 0 14373 0 0 0 0 0 8376 0 183087 0 0 0 LISA COX DIRECTOR OF NURSING 129847 0 11498 0 0 0 5031 0 7588 0 153964 0 0 0 PART I, LINE 3 IT HAS BEEN THE PRACTICE OF THE MANAGEMENT COMPANY, ACTS MANAGEMENT SERVICES, INC., TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATION'S TOP MANAGEMENT POSITIONS, RANGING FROM THE COMMUNITY MANAGERS UP TO THE CEO. THE STUDY, THE LATEST VERSION OF WHICH WAS COMPLETED IN 2023, INCLUDES COMPARISON OF NOT-FOR-PROFIT AND FOR-PROFIT COMPETITORS, OPERATING EFFECTIVENESS, IDENTIFICATION OF INDUSTRY SPECIFIC TRENDS OR PRACTICES IN COMPENSATION OR RECRUITMENT/EMPLOYMENT. MEASUREMENT AND ACTION ARE GENERALLY FOCUSED AT THE LEVELS FROM MEDIAN UP TO SEVENTY-FIFTH PERCENTILE AS IDENTIFIED IN THE STUDY. THE REPORTS' FINDINGS ARE REVIEWED WITH THE PARENT BOARD OFFICERS. COMPENSATION ADJUSTMENTS FOR THE PRESIDENT & CEO ARE DETERMINED BY A COMMITTEE OF INDEPENDENT BOARD MEMBERS APPOINTED BY THE CHAIRMAN AND ARE BASED ON THE FINDINGS OF THE MOST RECENT STUDY AND A REVIEW OF PERFORMANCE COMPARED AGAINST OBJECTIVE CRITERIA. THIS DETERMINATION IS REPORTED TO AND APPROVED BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN WRITING BY THE BOARD CHAIR. SIMILARLY, COMPENSATION ADJUSTMENTS FOR THE MOST SENIOR MEMBERS OF MANAGEMENT REFLECT STUDY FINDINGS AND PERFORMANCE MEASUREMENT AGAINST SPECIFIED CRITERIA AND ARE DETERMINED BY THE CEO AND REVIEWED WITH THE BOARD CHAIR. PART I, LINE 4B OTHER COMPENSATION FOR KAREN I. CHRISTIANSEN, GERALD T. GRANT, GLENN D. FOX, AND JONATHAN D. GRANT INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE AMOUNT OF THE CURRENT YEAR ACCRUAL IS $242,760 FOR KAREN I. CHRISTIANSEN (NON-VESTED), $892,805 FOR GERALD T. GRANT (NON-VESTED), $463,450 FOR GLENN D. FOX (NON-VESTED), AND $111,032 FOR JONATHAN D. GRANT (NON-VESTED). PART I, LINE 4B (RELATES TO PART I, LINE 4A FROM 1/1/24 THROUGH 10/31/24): LISTED PERSONS ARE EMPLOYEES OF BONITA SPRINGS RETIREMENT VILLAGE, INC. OR RELATED ORGANIZATIONS. BONITA SPRINGS RETIREMENT VILLAGE, INC. EMPLOYEES ARE NOT COVERED BY A FORMAL SEVERANCE POLICY; SEVERANCE IS HANDLED ON A CASE BY CASE BASIS. EMPLOYEES OF RELATED ORGANIZATIONS ARE COVERED BY A SEVERANCE POLICY WHICH INCLUDES MONTHLY PAYMENTS UP TO A MAXIMUM OF 12-36 MONTHS UNDER QUALIFYING CIRCUMSTANCES AND DEPENDING ON POSITION. NO ONE LISTED RECIEVED SEVERANCE OR CHANGE OF CONTROL PAYMENTS DURING 2024. PART I, LINE 4B: NONQUALIFIED RETIREMENT PLAN IN THE YEAR; LAWRENCE G SCHREIBER AND STEVEN M ZIEGLER ARE EMPLOYEES OF SANTAFE HEALTHCARE, INC., A RELATED SUPPORTING ORGANIZATION. THEY PARTICIPATE IN TWO NONQUALIFIED DEFERRED COMPENSATION RETIREMENT PLANS SPONSORED BY SANTAFE HEALTHCARE, INC. FOR A CERTAIN GROUP OF EXECUTIVES. ONE PLAN RESTORES RETIREMENT BENEFITS EQUIVALENT TO QUALIFIED 401(K) BENEFITS ON INCOME EARNED IN EXCESS OF THE INTERNAL REVENUE SERVICE CODE SECTION 401(A)(17) RECOGNIZABLE PAY LIMITS (A DEFINED CONTRIBUTION RESTORATION PLAN). VESTING FOR THIS PLAN IS ACHIEVED AT AGE 55 AND 10 YEARS OF SERVICE OR AT AGE 65 AND 5 YEARS OF SERVICE. THE SECOND SUPPLEMENTAL DEFINED CONTRIBUTION PLAN PROVIDES ADDITIONAL RETIREMENT INCOME BASED ON A PERCENTAGE OF BASE SALARY AND VESTS AT THREE AND FIVE YEARS OF SERVICE. SCHEDULE J, PART II: FROM 1/1/2024 THROUGH 10/31/2024, CERTAIN SENIOR EXECUTIVES ARE ACCOUNTABLE FOR AND PERFORM SERVICES FOR SANTAFE HEALTHCARE, INC. AND EACH OF ITS AFFILIATES. SANTAFE HEALTHCARE, INC. AND AFFILIATES REPRESENT A DIVERSIFIED FAMILY OF NOT-FOR-PROFIT ORGANIZATIONS. THESE SENIOR EXECUTIVES ARE PAID DIRECTLY BY SANTAFE HEALTHCARE, INC., AND THEIR COMPENSATION AND BENEFITS ARE APPORTIONED AND CHARGED TO THE RESPECTIVE AFFILIATES BASED ON THE ESTIMATED AMOUNT OF TIME SPENT ON EACH AFFILIATE'S ACTIVITIES. A ALACHUA COUNTY HEALTH FACILITIES AUTHORITY 592442398 2022-01-27 83600000 REFUNDING REVENUE BONDS 0 0 0 A 83551175 5946291 926371 3566863 73574329 60965 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3 THE AMOUNT REPORTED AS TOTAL PROCEEDS ON LINE 3 IS LESS THAN THE ISSUE PRICE REPORTED ON SCHEDULE K, PART I, LINE A, COLUMN E DUE TO INVESTMENT LOSSES. SCHEDULE K, PART II, LINE 11 PROCEEDS REPORTED ON THIS LINE WERE USED TO REFUND PRIOR TAX-EXEMPT BONDS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO TRANSACT SUCH BUSINESS AS SHALL BE NECESSARY FOR THE ADMINISTRATION AND OPERATION OF THE CORPORATION BETWEEN BOARD OF DIRECTORS' MEETINGS SUBJECT TO CERTAIN LIMITS SPECIFIED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 3 ACTS MANAGEMENT SERVICES, INC., AN AFFILIATED ENTITY, PROVIDES MANAGEMENT SERVICES TO BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS EFFECTIVE 11/1/2024. FORM 990, PART VI, SECTION A, LINE 4 ACTS RETIREMENT-LIFE COMMUNITIES, INC., A RELATED PENNSYLVANIA TAX-EXEMPT ORGANIZATION (THROUGH ITS WHOLLY OWNED SUBSIDIARY ACTS ACQUISITION AND DEVELOPMENT COMPANY, LLC), BECAME THE SOLE MEMBER OF BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS EFFECTIVE 11/1/2024. THE BYLAWS OF BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS WERE AMENDED TO REFLECT THE NEW SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 6 EFFECTIVE 11/1/2024, BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS AFFILIATED WITH ACTS RETIREMENT-LIFE COMMUNITIES, INC., A RELATED PENNSYLVANIA TAX-EXEMPT ORGANIZATION. BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS IS A FLORIDA TAX-EXEMPT ORGANIZATION OF WHICH ACTS RETIREMENT-LIFE COMMUNITIES, INC., A RELATED PENNSYLVANIA TAX-EXEMPT ORGANIZATION (THROUGH ITS WHOLLY OWNED SUBSIDIARY ACTS ACQUISITION AND DEVELOPMENT COMPANY, LLC), BECAME THE SOLE MEMBER EFFECTIVE 11/1/2024. FORM 990, PART VI, SECTION A, LINE 7A ACTS RETIREMENT-LIFE COMMUNITIES, INC., A RELATED PENNSYLVANIA TAX-EXEMPT ORGANIZATION (THROUGH ITS WHOLLY OWNED SUBSIDIARY ACTS ACQUISITION AND DEVELOPMENT COMPANY, LLC), BECAME THE SOLE MEMBER OF BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS EFFECTIVE 11/1/2024. AS SOLE MEMBER, ACTS RETIREMENT-LIFE COMMUNITIES, INC. HAS THE RIGHT TO ELECT THE MEMBERS OF THE FILING ORGANIZATION'S BOARD. FORM 990, PART VI, SECTION A, LINE 7B ACTS RETIREMENT-LIFE COMMUNITIES, INC., A RELATED PENNSYLVANIA TAX-EXEMPT ORGANIZATION (THROUGH ITS WHOLLY OWNED SUBSIDIARY ACTS ACQUISITION AND DEVELOPMENT COMPANY, LLC), BECAME THE SOLE MEMBER OF BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS EFFECTIVE 11/1/2024. AS SOLE MEMBER, ACTS RETIREMENT-LIFE COMMUNITIES, INC. HAS THE RIGHT TO APPROVE ALL AMENDMENTS OR ALTERATIONS TO THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS BEFORE CHANGES BECOME EFFECTIVE. FORM 990, PART VI, SECTION B, LINE 11B AFTER REVIEW BY THE ACTS' CFO, THE FORM 990 IS REVIEWED, BEFORE FILING, BY THE BOARD OF DIRECTORS' AUDIT AND FINANCE COMMITTEE. THE FORM 990 IS THEN MADE AVAILABLE TO THE OTHER MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ON AN ANNUAL BASIS BY THE ORGANIZATION'S OFFICERS, DIRECTORS AND TRUSTEES. THE OFFICERS AND DIRECTORS REPORT ON ANY FAMILY OR BUSINESS RELATIONSHIPS WITH ANY BOARD MEMBER, OFFICER OR KEY EMPLOYEE OF THE ORGANIZATION AND ITS AFFILIATES. IF ANY FAMILY OR BUSINESS RELATIONSHIPS ARE DISCLOSED, THEY ARE REPORTED ON SCHEDULE L AS APPROPRIATE. IN ADDITION, THE RESPONSES ARE REVIEWED BY THE PRESIDENT & CEO, AND CHAIRMAN OF THE BOARD OF DIRECTORS TO DETERMINE IF CONFLICTS ARE PRESENT AND IF SO, THE EXTENT OF THE CONFLICT. FOR CONFLICTS THAT ARISE, THE OFFICER, DIRECTOR OR TRUSTEE MUST RECUSE THEMSELVES FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS THAT INVOLVE THE DETERMINED CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 IT HAS BEEN THE PRACTICE OF THE MANAGEMENT COMPANY, ACTS MANAGEMENT SERVICES, INC., TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT ON AN APPROXIMATELY BIENNIAL BASIS FOR THE PURPOSE OF REVIEWING THE COMPENSATION PROGRAM FOR THE ORGANIZATION'S TOP MANAGEMENT POSITIONS, RANGING FROM THE COMMUNITY MANAGERS UP TO THE CEO. THE STUDY, THE LATEST VERSION OF WHICH WAS COMPLETED IN 2023, INCLUDES COMPARISON OF NOT-FOR-PROFIT AND FOR-PROFIT COMPETITORS, OPERATING EFFECTIVENESS, AND IDENTIFICATION OF INDUSTRY SPECIFIC TRENDS OR PRACTICES IN COMPENSATION OR RECRUITMENT/EMPLOYMENT. MEASUREMENT AND ACTION ARE GENERALLY FOCUSED AT THE LEVELS FROM THE MEDIAN UP TO THE SEVENTY-FIFTH PERCENTILE AS IDENTIFIED IN THE STUDY. COMPENSATION ADJUSTMENTS FOR THE PRESIDENT & CEO ARE DETERMINED BY A COMMITTEE OF INDEPENDENT ACTS BOARD MEMBERS APPOINTED BY THE ACTS CHAIRMAN AND ARE BASED ON THE FINDINGS OF THE MOST RECENT STUDY AND A REVIEW OF PERFORMANCE COMPARED AGAINST OBJECTIVE CRITERIA. THIS DETERMINATION IS REPORTED TO AND APPROVED BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN WRITING BY THE BOARD CHAIR. SIMILARLY, COMPENSATION ADJUSTMENTS FOR THE MOST SENIOR MEMBERS OF MANAGEMENT REFLECT STUDY FINDINGS AND PERFORMANCE MEASUREMENT AGAINST SPECIFIED CRITERIA AND ARE DETERMINED BY THE CEO AND REVIEWED WITH THE BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE FILED WITH NUMEROUS REGULATORY AUTHORITIES AND THEREFORE, ARE AVAILABLE TO THE PUBLIC. IN ADDITION, UPON RECEIPT OF A REQUEST AND ITS REVIEW, THE ORGANIZATION WILL MAKE AVAILABLE SUCH DOCUMENTS, AS DEEMED APPROPRIATE. AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. CERTAIN FINANCIAL STATEMENTS, SUCH AS ANNUAL REPORTS AND QUARTERLY REPORTS, ARE POSTED TO THE ORGANIZATION'S WEBSITE AND ARE ALSO AVAILABLE AT THE COMMUNITY. IN ADDITION, FINANCIAL INFORMATION IS INCLUDED IN THE DISCLOSURE PACKAGE THAT IS PROVIDED TO PROSPECTIVE RESIDENTS AND MADE AVAILABLE TO THE PUBLIC. CERTAIN OTHER FINANCIAL STATEMENTS ARE ALSO PROVIDED UPON REQUEST. FORM 990, PART VII, COMPENSATION OF OFFICERS* OTHER COMPENSATION INCLUDES ACCRUALS FOR A DEFERRED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR KAREN I. CHRISTIANSEN (NON-VESTED), GLENN D. FOX (NON-VESTED), AND GERALD T. GRANT (NON-VESTED). FORM 990, PART VII, SECTION A, LINE 1A: FROM 1/1/24 THROUGH 10/31/24, CERTAIN SENIOR EXECUTIVES ARE ACCOUNTABLE FOR AND PERFORM SERVICES FOR SANTAFE HEALTHCARE, INC. AND EACH OF ITS AFFILIATES. SANTAFE HEALTHCARE, INC. AND AFFILIATES REPRESENT A DIVERSIFIED FAMILY OF NOT-FOR-PROFIT ORGANIZATIONS. THESE SENIOR EXECUTIVES ARE PAID DIRECTLY BY SANTAFE HEALTHCARE, INC. AND THEIR COMPENSATION AND BENEFITS ARE APPORTIONED AND CHARGED TO THE RESPECTIVE AFFILIATES BASED ON THE ESTIMATED AMOUNT OF TIME SPENT ON EACH AFFILIATE'S ACTIVITIES. FORM 990, PART XI, LINE 9: ACQUISITION METHOD - ADJ TO NET ASSETS UPON MEMBERSHIP AFFILIATION(11/1/24) 98,630,331. CHANGE IN BENEFICIAL INTEREST IN INVESTMENTS OF ACTS LEGACY FOUNDATION, INC 261. CHANGE IN BENEFICIAL INTEREST IN INVESTMENTS OF SFSLF -91,965. CHANGE IN SPLIT INTEREST AGREEMENTS 10,894. ACTS RETIREMENT-LIFE COMMUNITIES INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 231900132 OWNS AND OPERATES CONTINUING CARE RETIREMENT COMMUNITIES PA 501(C)(3) LINE 10 ACTS RETIREMENT SERVICES INC 0 ACTS RETIREMENT SERVICES INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 264573260 SUPPORTING ORGANIZATION PA 501(C)(3) LINE 12B, II N/A 0 ACTS SIGNATURE COMMUNITY SERVICES INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 264573131 HOSPICE, HOME HEALTH AND PRIMARY CARE SERVICES PA 501(C)(3) LINE 10 ACTS RETIREMENT-LIFE COMMUNITIES INC 0 ACTS MANAGEMENT SERVICES INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 264573412 CENTRALIZED MANAGEMENT AND DEVELOPMENT SERVICES PA 501(C)(3) LINE 12B, II ACTS RETIREMENT SERVICES INC 0 ACTS COMMUNITIES OF MARYLAND INC FKA INTEGRACE INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 521710891 OWNS AND OPERATES CONTINUING CARE RETIREMENT COMMUNITIES MD 501(C)(3) LINE 10 ACTS ACQUISTION AND DEVELOPMENT COMPANY LLC 0 MEASE LIFE INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 591005403 CONTINUING CARE RETIREMENT COMMUNITY FL 501(C)(3) LINE 10 ACTS ACQUISITION AND DEVELOPMENT COMPANY LLC 0 ACTS LEGACY FOUNDATION INC 420 DELAWARE DRIVE FORT WASHINGTON PA 190342711 912161987 FUNDRAISING DE 501(C)(3) LINE 12A, I ACTS RETIREMENT-LIFE COMMUNITIES INC 0 SANTAFE HEALTHCARE INC (THRU 10312024) PO BOX 749 GAINSVILLE FL 326270749 592317607 MANAGEMENT AND FINANCIAL SUPPORT FOR NOT-FOR-PROFIT AFFILIATES FL 501(C)(3) LINE 12B, II N/A 0 NORTH FLORIDA RETIREMENT VILLAGE INC (THRU 10312024) PO BOX 749 GAINSVILLE FL 326270749 591912330 RETIREMENT COMMUNITY FL 501(C)(3) LINE 10 SANTE FE HEALTHCARE INC 0 NORTH CENTRAL FLORIDA HOSPICE INC(THRU 10312024) PO BOX 749 GAINSVILLE FL 326270749 592490893 HOSPICE CARE FL 501(C)(3) LINE 10 SANTE FE HEALTHCARE INC 0 SANTAFE SENIOR LIVING INC (THRU 10312024) PO BOX 749 GAINSVILLE FL 326270749 203700526 MANAGEMENT AND FINANCIAL SUPPORT FOR NOT-FOR-PROFIT AFFILIATES FL 501(C)(3) LINE 12B, II SANTE FE HEALTHCARE INC 0 BVG ACQUISITION INC (THRU 10312024) PO BOX 749 GAINSVILLE FL 326270749 203701186 RETIREMENT COMMUNITY FL 501(C)(3) LINE 10 SANTE FE HEALTHCARE INC 0 EAST RIDGE RETIREMENT VILLAGE INC (THRU 10312024) PO BOX 749 GAINSVILLE FL 326270749 590903331 RETIREMENT COMMUNITY FL 501(C)(3) LINE 10 SANTE FE HEALTHCARE INC 0 SANTAFE SENIOR LIVING FOUNDATION INC (THRU 10312024) PO BOX 749 GAINSVILLE FL 326270749 264464727 CHARITABLE AND EDUCATIONAL PURPOSES FL 501(C)(3) LINE 7 SANTE FE HEALTHCARE INC 0 HFK CARE CORPORATION (THRU 10312024) PO BOX 749 GAINSVILLE FL 326270749 592386289 HOSPICE CARE & HOME HEALTH CARE FL 501(C)(3) LINE 7 SANTE FE HEALTHCARE INC 0 HAVEN FOUNDATION INC (THRU 09022024) 4200 NW 90TH BLVD GAINSVILLE FL 326069945 850863879 CHARITABLE AND EDUCATIONAL PURPOSES FL 501(C)(3) LINE 12A, I NORTH CENTRAL FLORIDA HOSPICE INC 0 MEASE LIFE RESIDENTS FOUNDATION INC (THRU 53124) 700 MEASE PLAZA DUNEDIN FL 346986680 592437006 FUNDRAISING FL 501(C)(3) LINE 12C, III-FI MEASE LIFE INC 0 SF HOLDING CORP INC (THRU 103124) PO BOX 749 GAINESVILLE FL 326270749 592903901 HOLDING COMPANY FL N/A C 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 1