2023-12-27T11:20:26-05:00 2023-06-30 721314069 MADDOX & ASSOCIATES APC 5627 BANKERS AVE BLDG 2 BATON ROUGE LA 708082610 990 2022-07-01 814274508 OUR LADY OF WISDOM FACILITY CORPORATION OURL 5042273600 950 W CAUSEWAY APPROACH MANDEVILLE LA 70471 MICHAEL FORD PRESDENT/DIRECTOR 5042273600 2023-10-20 true MICHAEL FORD 999009999 false WILLIAM B BEALE P00437323 2259263360 2023-12-27 2022 2023-04-26 12:10:37Z X MICHAEL FORD 803643 false X WWW.COMMCARE.COM X 2016 LA OUR LADY OF WISDOM FACILITY CORPORATION ("OLOW FC") IS A 501(C)(3) ORGANIZED AS A TYPE I SUPPORTING ORGANIZATION OF COMMCARE CORPORATION, A LOUISIANA NON-PROFIT CORPORATION. OLOW FC OWNS, OPERATES, AND MAINTAINS THE REAL AND IMMOVABLE PROPERTY, AND PROVIDES LONG-TERM FIXED RATE FINANCING TO OUR LADY OF WISDOM COMMUNITY CARE CENTER ("OLOW"), THE HUD- INSURED NURSING HOME, FHA PROJECT 064-22108. OUR LADY OF WISDOM COMMUNITY CARE CENTER IS A NURSING CARE FACILITY OWNED AND OPERATED BY COMMCARE CORPORATION, THE SUPPORTED ORGANIZATION OF OLOW FC, THAT OPERATES THE SKILLED NURSING FACILITY. 3 3 0 0 13042440 0 267455 802366 7 1277 0 13309902 803643 0 0 0 0 0 493033 6708625 493033 6708625 12816869 -5904982 13448580 7360077 10536231 10352710 2912349 -2992633 X COMMCARE CORPORATION'S MISSION IS TO BE AN INNOVATIVE LEADER IN THE DEVELOPMENT AND DELIVERY OF QUALITY HEALTH CARE SERVICES, AND TO BE COMMITTED TO A LEARNING ENVIRONMENT THAT ATTRACTS AND DEVELOPS DEDICATED CARE GIVERS. false false 6698625 802366 OUR LADY OF WISDOM FACILITY CORPORATION ("OLOW FC") IS A 501(C)(3) ORGANIZED AS A TYPE I SUPPORTING ORGANIZATION OF COMMCARE CORPORATION, A LOUISIANA NON-PROFIT CORPORATION. OLOW FC OWNS, OPERATES, AND MAINTAINS THE REAL AND IMMOVABLE PROPERTY, AND PROVIDES LONG-TERM FIXED RATE FINANCING TO OUR LADY OF WISDOM COMMUNITY CARE CENTER ("OLOW"), THE HUD- INSURED NURSING HOME, FHA PROJECT 064-22108. OUR LADY OF WISDOM COMMUNITY CARE CENTER IS A NURSING CARE FACILITY OWNED AND OPERATED BY COMMCARE CORPORATION, THE SUPPORTED ORGANIZATION OF OLOW FC, THAT OPERATES THE SKILLED NURSING FACILITY. OUR LADY OF WISDOM FACILITY CORPORATION ("OLOW FC") IS A 501(C)(3) ORGANIZED AS A TYPE I SUPPORTING ORGANIZATION OF COMMCARE CORPORATION, A LOUISIANA NON-PROFIT CORPORATION. OLOW FC OWNS, OPERATES, AND MAINTAINS THE REAL AND IMMOVABLE PROPERTY, AND PROVIDES LONG-TERM FIXED RATE FINANCING TO OUR LADY OF WISDOM COMMUNITY CARE CENTER ("OLOW"), THE HUD- INSURED NURSING HOME, FHA PROJECT 064-22108. OUR LADY OF WISDOM COMMUNITY CARE CENTER IS A NURSING CARE FACILITY OWNED AND OPERATED BY COMMCARE CORPORATION, THE SUPPORTED ORGANIZATION OF OLOW FC, THAT OPERATES THE SKILLED NURSING FACILITY. 6698625 true false false false false false false false false false true false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false false false X 3 3 false false false false true true true true true false false true true true true true true false false false X COMMCARE MANAGEMENT CORPORATION 5045963460 950 W CAUSEWAY APPROACH MANDEVILLE LA 70471 X FATHER PATRICK CARR DIRECTOR X 0 0 0 MICHAEL FORD PRESDENT/DIR X X 0 0 0 G ANTHONY MANGUM DIRECTOR X 0 0 0 TERRI NORTH DIRECTOR X 0 0 0 PATRICIA PRECHTER DIRECTOR X 0 0 0 DAWN PSARELLIS SECRETARY X X 0 0 0 false false false RENT REVENUE 532000 802366 802366 802366 1277 1277 803643 803643 10000 10000 386684 386684 776026 776026 LOSS ON IMPAIRMENT 5535202 5535202 MISC. OPERATING 713 713 6708625 6698625 10000 0 52154 72916 73472 49113 6300000 11046 12591855 6288954 731099 949094 13448580 7360077 1986 6450 10534245 10346260 10536231 10352710 X 2912349 -2992633 2912349 -2992633 13448580 7360077 -5904982 X false true X true true true X X 1 COMMCARE CORPORATION 720996315 10 true 0 0 1 0 true false false false false false false false false false false false false false false true false 993803 993803 4370087 9405 4360682 936110 1641 934469 6288954 OTHER RESERVE 388471 REPLACEMENT RESERVE 270063 ESCROW 230410 CONSTRUCTION IN PROGRESS 60150 949094 X SCHEDULE D, PAGE 3, PART X OUR LADY OF WISDOM FACILITY CORPORATION (OLOW FC) OPERATES AS A NON-PROFIT CORPORATION AS DESCRIBED IN SECTIN 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, THEY ARE SUBJECT TO INCOME TAX ONLY ON UNRELEATED BUSINESS TAXABLE INCOME. ACCOUNTING STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED ON EXAMINATION. MANAGEMENT OF OLOW FC BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990 - ORGANIZATION'S MISSION COMMCARE CORPORATION'S MISSION IS TO BE AN INNOVATIVE LEADER IN THE DEVELOPMENT AND DELIVERY OF QUALITY HEALTH CARE SERVICES, AND TO BE COMMITTED TO A LEARNING ENVIRONMENT THAT ATTRACTS AND DEVELOPS DEDICATED CARE GIVERS. FORM 990, PAGE 2, PART III, LINE 4D OUR LADY OF WISDOM FACILITY CORPORATION ("OLOW FC") IS A 501(C)(3) ORGANIZED AS A TYPE I SUPPORTING ORGANIZATION OF COMMCARE CORPORATION, A LOUISIANA NON-PROFIT CORPORATION. OLOW FC OWNS, OPERATES, AND MAINTAINS THE REAL AND IMMOVABLE PROPERTY, AND PROVIDES LONG-TERM FIXED RATE FINANCING TO OUR LADY OF WISDOM COMMUNITY CARE CENTER ("OLOW"), THE HUD- INSURED NURSING HOME, FHA PROJECT 064-22108. OUR LADY OF WISDOM COMMUNITY CARE CENTER IS A NURSING CARE FACILITY OWNED AND OPERATED BY COMMCARE CORPORATION, THE SUPPORTED ORGANIZATION OF OLOW FC, THAT OPERATES THE SKILLED NURSING FACILITY. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS ONE MEMBER-COMMCARE CORPORATION. THE ENTITY IS ORGANIZED AND OPERATED EXCLUSIVELY ON A NON-STOCK BASIS, AND THERE IS ONLY ONE CLASS OF MEMBERSHIP. THE MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF COMMCARE CORPORATION, A LOUISIANA, NON-PROFIT CORPORATION; WHICH SHALL BE,EX-OFFICIO, THE SOLE MEMBER OF THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBER APPOINTS OR REMOVES THE MEMBERS OF THE BOARD OF DIRECTORS. THE MEMBER HAS THE POWER TO MAKE AND PASS BY-LAWS GOVERNING THE AFFAIRS OF THE CORPORATION AND APPOINTS THE OFFICERS OF THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBER OF THE CORPORATION ELECTS THE BOARD OF DIRECTORS AND HAS THE POWER TO MAKE AND PASS BY-LAWS GOVERNING THE AFFAIRS OF THE CORPORATION. THE BOARD OF DIRECTORS, AS DISTINGUISHED FROM THE MEMBER OF THE CORPORATION, SHALL MANAGE, SUPERVISE, AND CONTROL THE BUSINESS, PROPERTY, AFFAIRS AND FUNDS OF OLOW FC AND SHALL EXERCISE ALL OF THE POWERS OF THE CORPORATION NOT RESERVED TO THE MEMBER OF THE CORPORATION AS SET FORTH IN THE OLOW FC'S ARTICLES OF INCORPORATION, BYLAWS, AND APPLICABLE LAWS. THE CURRENT PRACTICE OF THE ORGANIZATION IS TO BRING THE AFOREMENTIONED ITEMS BEFORE THE BOARD. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990S AND AUDITS ARE REVIEWED AND APPROVED BY THE ORGAINZATION'S CHIEF FINANCIAL OFFICER BEFORE BEING PRESENTED TO THE CEO AND BOARD OF DIRECTORS FOR REVIEW. PRIOR TO FILING, FORM 990S AND AUDITS ARE PRESENTED TO THE OUR LADY OF WISDOM FACILITY CORPORATION'S BOARD FOR FINAL REVIEW AND APPROVAL. COPIES ARE MAINTAINED ON FILE BY THE ORGANIZATION AND ARE AVAILABLE TO MEMBERS OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 12C EMPLOYEES CERTIFY RECEIPT AND UNDERSTANDING OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AS PART OF ITS COMPLIANCE PROGRAM. ALL EMPLOYEES ARE EXPECTED TO AVOID CONFLICTS OF INTEREST IN DEALING WITH OUTSIDE VENDORS AND SERVICE PROVIDERS IN WHICH THEY OR FAMILY MEMBERS HAVE FINANCIAL INTEREST. CONFLICTS OF INTEREST SHOULD BE DISCLOSED OR REPORTED TO THE CORPORATE COMPLIANCE OFFICER. MEMBERS OF THE BOARD ARE ALSO REQUIRED TO FULLY DISCLOSE ANY RELATIONSHIP OR SITUATION THAT MAY GIVE RISE TO A POTENTIAL CONFLICT OR APPEARANCE OF A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 THIS FORM, AS WELL AS VARIOUS POLICIES ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. 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