2025-11-13T15:18:54+00:00 2024-12-31 440160260 Forvis Mazars LLP 255 South Orange Avenue Suite 600 Orlando FL 32801 990 2024-01-01 863022330 RAYMORE SENIOR CARE LLC RAYM 4042761337 4062 PEACHTREE ROAD NE A501 BROOKHAVEN GA 30319 MAURICE M ROSENBAUM DIRECTOR 4042761337 2025-11-13 true true Peter Gubler P00190185 4077405400 2025-11-10 2024 2025-03-06 01:10:19Z FOXWOOD SPRINGS MAURICE M ROSENBAUM 4062 PEACHTREE ROAD NE A501 BROOKHAVEN GA 30319 24850173 false X WWW.FOXWOODSENIORLIVING.ORG X 2021 DE OPERATING FOXWOOD SPRINGS SENIOR LIVING COMMUNITY LOCATED AT 1500 W. FOXWOOD DRIVE, RAYMORE, MISSOURI 64083 IN THE KANSAS CITY, MISSOURI METROPOLITAN AREA (THE COMMUNITY) WHICH PROVIDES PERSONS 55 AND OLDER WITH A CONTINUUM OF CARE INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING CARE. THE COMMUNITY HAS 127 APARTMENTS, 77 EQUITY HOMES, AND 169 GARDEN HOMES, ALL OF WHICH ARE DESIGNED SPECIFICALLY FOR OLDER ADULTS, A SKILLED NURSING FACILITY WITH 108 LICENSED SKILLED BEDS (58 FOR LONG-TERM CARE, 30 FOR ALZHEIMER'S AND 20 DEDICATED TO SHORT-TERM REHAB STAYS), AND A 42 BED ASSISTED LIVING FACILITY. 4 1 440 0 0 1721691 6663 22595808 24819955 706 23555 0 24318205 24850173 0 0 12604655 12029522 0 0 12997897 13359117 25602552 25388639 -1284347 -538466 8784836 17420148 38900602 48609001 -30115766 -31188853 RAYMORE SENIOR CARE, LLC (DBA FOXWOOD SPRINGS) OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING A CONTINUUM OF CARE INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING CARE FACILITIES. FOXWOOD SPRINGS PROVIDES ACTIVITIES AND PROGRAMS THAT PROMOTE THE PHYSICAL HEALTH, EMOTIONAL HEALTH, BEHAVIORAL HEALTH, WELLNESS, AND SOCIAL WELL-BEING OF THE INDIVIDUALS, FAMILIES, COMMUNITIES, AND POPULATIONS SERVED. false false 22252229 24819955 FOXWOOD SPRINGS IS A CONTINUING CARE RETIREMENT COMMUNITY CONSISTING OF 127 INDEPENDENT LIVING APARTMENT UNITS, 169 INDEPENDENT LIVING GARDEN HOMES, 108 LICENSED ASSISTED LIVING AND MEMORY CARE BEDS, A 42-BED LICENSED SKILLED NURSING FACILITY. THERE ARE ADDITIONAL 77 GARDEN HOMES ON THE CAMPUS OWNED OUTRIGHT BY THE RESIDENTS. THE GARDEN HOME RESIDENT HOMEOWNERS PAY MONTHLY FEES FOR LIMITED SERVICES AND HAVE ELIGIBILITY FOR PREFERENTIAL ADMITTANCE TO THE SKILLED NURSING FACILITY. UNDER THE CONTINUING CARE CONCEPT, RESIDENTS ENTER INTO AN OCCUPANCY AGREEMENT, WHICH REQUIRES PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THESE PAYMENTS ENTITLE RESIDENTS TO THE USE AND PRIVILEGES OF THE COMMUNITY FOR LIFE, INCLUDING CERTAIN DISCOUNTED PRICING FOR ASSISTED LIVING OR SKILLED NURSING SERVICES. THE OCCUPANCY AGREEMENT DOES NOT ENTITLE THE RESIDENTS TO AN INTEREST IN THE REAL ESTATE OR ANY PROPERTY OF THE RETIREMENT COMMUNITY. 22252229 true false false false false false false false true false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 0 0 440 true false false false false false false false false false false false false X 4 1 false true false false true true false true true false false false true true true true true true true true false false GA MO X OAKDALE SENIORS ALLIANCE 4238837920 118 LEE PARKWAY DRIVE SUITE 160 CHATTANOOGA TN 37421 AMELIA WALLER BAKER JD SECRETARY 1.0 8.0 X X 0 0 0 MAURICE ROSENBAUM CHAIRMAN 1.0 39.0 X X 0 0 0 FRANK CORRIGAN DIRECTOR 1.0 8.0 X 0 0 0 SIMRAN SINGH DIRECTOR 1.0 6.0 X 0 0 0 CHAD HUEBNER EXECUTIVE DIRECTOR 40.0 0 X 169721 0 7603 ASHLEY WILLIAMS AREA DIRECTOR OF SALES AND MARKETING 40.0 0 X 108229 0 8624 DERRICK MINTER SKILLED NURSING ADMINISTRATOR 40.0 0 X 121472 0 8670 DONNA CORDER REGISTERED NURSE 40.0 0 X 122279 0 11304 GINNY COLEMAN MDS COORDINATOR 40.0 0 X 124270 0 3349 KATHRYN BEERY DIRECTOR OF NURSING 40.0 0 X 105790 0 7259 751761 0 46809 6 false true false 0 6663 6663 HEALTH CENTER 623000 11080232 11080232 INDEPENDENT LIVING 623000 9103417 9103417 EARNED ENTRANCE FEES 623000 1941555 1941555 ASSISTED LIVING 623000 1933003 1933003 OTHER PROGRAM SERVICE REVENUE 623000 761748 761748 0 0 0 0 24819955 23555 23555 0 0 0 0 0 0 0 0 0 24850173 24819955 0 23555 177324 177324 9883111 9054392 828719 46407 41766 4641 1157804 1042024 115780 764876 688388 76488 1542973 473576 1069397 6933 6933 113860 113860 796253 755093 41160 0 95511 85960 9551 66088 59479 6609 187189 168470 18719 6303392 5673054 630338 9753 8778 975 4880 4392 488 498567 448710 49857 150846 135761 15085 723777 651399 72378 MEDICAL SUPPLIES AND EQUIPMENT 1566979 1566979 DIETARY SERVICES 1103102 1103102 MISCELLANEOUS EXPENSES 119371 107434 11937 EMPLOYEE EXPENSES 59952 53957 5995 9691 8722 969 0 25388639 22252229 3136410 0 708427 412886 1190600 1215884 2238733 2891692 0 0 0 0 33374 33374 155560 83256 880984 437073 674885 443911 0 0 3783257 12339145 8784836 17420148 2910976 4346282 10456927 10149163 2622 2622 0 0 5200000 5750000 4397180 5266597 15932897 23094337 38900602 48609001 X -30115766 -31188853 -30115766 -31188853 8784836 17420148 -538466 -534621 0 X false true true false X 1721691 6663 1728354 11832569 19770478 22595809 24819955 79018811 2808900 2808900 0 0 0 11832569 22579378 24317500 24826618 83556065 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 83556065 1689 999 706 23555 26949 0 0 1689 999 706 23555 26949 0 0 0 0 0 0 0 0 11834258 22580377 24318206 24850173 83583014 X 0 0 0 0 false true X 770345 356069 414276 110639 81004 29635 443911 DEPOSITS 560650 RIGHT-OF-USE LEASE ASSET 8099463 DUE FROM AFFILIATE 1748992 DUE FROM LANDLORD 1856011 OTHER ASSETS 74029 12339145 Federal Income Taxes DUE TO AFFILIATE 406814 REFUNDABLE ENTRANCE FEES 14448402 RIGHT-OF-USE LEASE OBLIGATION 8177621 RESIDENT SECURITY DEPOSIT 61500 23094337 X 24850173 0 0 24850173 0 0 24850173 25388639 0 0 25388639 0 0 25388639 Schedule D, Part IV, Line 2b Explanation of escrow agreement THE ORGANIZATION IS A TRUSTEE FOR RESIDENT FUNDS WHICH ARE EXPENDED ON BEHALF OF RESIDENTS. THE AMOUNT OF RESIDENT FUNDS HELD AT DECEMBER 31, 2024 HAS BEEN REPORTED ON PART X, LINE 21. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote RAYMORE SENIOR CARE, LLC, IS ORGANIZED AS A SINGLE MEMBER LLC IN WHICH BONCREST RESOURCE GROUP, INC, AN ENTITY THAT IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS THE SOLE MEMBER AND RAYMORE SENIOR CARE LLC IS CONSIDERED A "DISREGARDED ENTITY" UNDER THE INTERNAL REVENUE CODE. HOWEVER, THE ORGANIZATION SEPARATELY RECEIVED A SECTION 501(C)(3) TAX EXEMPT DETERMINATION LETTER ON FEBRUARY 3, 2023. ACCORDINGLY, INCOME EARNED IN FURTHERANCE OF RAYMORE SENIOR CARE'S TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. AS A RESULT, THESE FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. false false false false false false false false false CHAD HUEBNER EXECUTIVE DIRECTOR 169721 0 0 0 0 0 0 0 7603 0 177324 0 0 0 Form 990, Part VI, Line 1a Delegate broad authority to a committee THE MANAGER HAS THE AUTHORITY TO ACT FOR THE BOARD OF DIRECTORS BETWEEN REGULAR MEETING OF THE BOARD. Form 990, Part VI, Line 3 Delegation of management duties THE ORGANIZATION ENTERED INTO A MANAGEMENT AGREEMENT WITH AN INDEPENDENT MANAGEMENT COMPANY. TOTAL MANAGEMENT FEES WERE APPROXIMATELY $1,550,000 AND $1,481,000 FOR THE YEAR ENDED DECEMBER 31, 2024, AND THE PERIOD DECEMBER 31, 2023, RESPECTIVELY. Form 990, Part VI, Line 6 Classes of members or stockholders BONCREST RESOURCE GROUP, INC, AN ENTITY THAT IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE IS THE SOLE MEMBER OF RAYMORE SENIOR CARE, LLC. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BUSINESS AFFAIRS OF THE COMPANY SHALL BE MANAGED BY THE GOVERNING BOARD APPOINTED BY THE ORGANZIATION'S SOLE MEMBER BONCREST. THE GOVERNING BOARD SHALL HAVE FULL AND COMPLETE AUTHORITY, POWER, AND DISCRETION TO MANAGE AND CONTROL THE BUSINESS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND GENERAL COUNSEL MATERIALLY ENGAGES WITH THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTANTS IN RESPONDING TO ALL ITEMS COVERED IN THE FORM 990. WHEN ALL OF THE INFORMATION IS COMPILED INTO THE FORM 990 IT IS PRESENTED TO THE ENTIRE GOVERNING BOARD FOR REVIEW AND APPROVAL BEFORE FILING. Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY EACH BOARD MEMBER IS GIVEN THE CONFLICT OF INTEREST POLICY AND THE CEO EXPLAINS THE POLICY IN DETAIL PRIOR TO THE BOARD MEMBER'S SIGNATURE. ALL VENDORS RECEIVE AND MUST SIGN A FORM DISCLOSING ANY RELATED PARTIES INVOLVED PRIOR TO DOING BUSINESS WITH THE ORGANIZATION. ANYONE WITH A CONFLICT OF INTEREST IS PROHIBITED FROM VOTING ON MATTERS RELATED TO THE CONFLICT. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE BOARD WILL OVERSEE AN ANNUAL REVIEW OF EXECUTIVE PERFORMANCE BASED ON A REPORT FROM EACH EXECUTIVE REGARDING THE EXECUTIVE'S PROGRESS AGAINST GOALS. AS A PART OF THE REVIEW PROCESS, THE EXECUTIVE AND THE BOARD DISCUSS AND FORMALIZE GOALS FOR PERFORMANCE FOR THE NEXT YEAR. THESE GOALS ARE ROOTED IN ORGANIZATIONAL PERFORMANCE AGAINST STRATEGIC GOALS, AS WELL AS THE OVERALL LEADERSHIP OF THE EXECUTIVE. THE BONCREST RESOURCE GROUP COMPENSATION COMMITTEE WILL ANNUALLY REVIEW EACH EXECUTIVE COMPENSATION ARRANGEMENT BASED ON COMPARABLE SALARY AND BENEFITS DATA, SUCH AS DATA AVAILABLE FROM SALARY AND BENEFIT SURVEYS, WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS, AND REVIEWING INFORMATION OBTAINED FROM IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS IN AN EFFORT TO LEARN WHAT NONPROFIT EMPLOYERS WITH SIMILAR MISSIONS OF A SIMILAR BUDGET SIZE THAT ARE LOCATED IN THE SAME OR SIMILAR GEOGRAPHIC REGION PAY THEIR EXECUTIVE OFFICERS AND LEADERS. BASED ON THE REVIEW THE COMPENSATION COMMITTEE WILL MAKE A RECOMMENDATION TO THE FULL BOARD FOR COMPENSATION INCLUDING SALARY AND BENEFITS FOR ALL BONCREST RESOURCE GROUP EXECUTIVE OFFICERS. THE COMPENSATION COMMITTEE SHALL MAINTAIN MINUTES OF THE MEETINGS AND DELIBERATIONS AND THE PROCESS USED TO CONDUCT THE REVIEW. BASED ON THE COMPENSATION COMMITTEE'S RECOMMENDATION, THE FULL BOARD OF DIRECTORS SHALL DELIBERATE AND APPROVE EACH EXECUTIVE COMPENSATION ARRANGEMENT, SUBJECT TO RECUSALS FOR EXECUTIVES WITH CONFLICTS OF INTEREST DURING ALL DELIBERATIONS REGARDING THE COMPENSATION ARRANGEMENTS, AND THE PROCESS FOR SUCH APPROVAL SHALL BE DOCUMENTED IN THE BOARD MEETING MINUTES. Form 990, Part VI, Line 19 Required documents available to the public ALL DOCUMENTS ARE AVAILABLE FROM THE MANAGING MEMBER. UPON REQUEST, COPIES ARE SHOWN, MAILED, FAXED OR EMAILED TO THE INQUIRER. THE BOARD IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. Form 990, Part XI, Line 8 PRIOR PERIOD ADJUSTMENT During the year ended December 31, 2024, the Company identified certain errors in previously issued financial statements for the year ended December 31, 2023, related to the accounting treatment of Refundable Entrance Fees for residents. The liability had previously been understated, resulting in an overstatement of beginning retained earnings. The error was due to misclassification of certain entrance fees that should have been recorded as refundable under the terms of resident agreements. BONCREST RESOURCE GROUP INC 4062 PEACHTREE RD NE SUITE A501 BROOKHAVEN GA 30319 815401208 SENIOR LIVING OPERATOR GA 501(c)(3) 10 NA false INDIANAPOLIS SENIOR CARE LLC DBA ROBIN RUN VILLAGE 4062 PEACHTREE RD NE SUITE A501 BROOKHAVEN GA 30319 863038399 SENIOR LIVING FACILITY DE 501(c)(3) 10 BONCREST RESOURCE GROUP INC false ALLEN SENIOR CARE LLC 4062 PEACHTREE RD NE SUITE A501 BROOKHAVEN GA 30319 882696909 SENIOR LIVING FACILITY DE 501(c)(3) 10 BONCREST RESOURCE GROUP INC false FORT WORTH SENIOR CARE LLC 4062 PEACHTREE RD NE SUITE A501 BROOKHAVEN GA 30319 882625724 SENIOR LIVING FACILITY DE 501(c)(3) 10 BONCREST RESOURCE GROUP INC false MESQUITE SENIOR CARE LLC 4062 PEACHTREE RD NE SUITE A501 BROOKHAVEN GA 30319 882719886 SENIOR LIVING FACILITY DE 501(c)(3) 10 BONCREST RESOURCE GROUP INC false BONCREST BRIDGE CITY INC 4062 PEACHTREE RD NE SUITE A501 BROOKHAVEN GA 30319 934561866 SENIOR LIVING FACILITY DE 501(c)(3) 10 BONCREST RESOURCE GROUP INC false BONCREST FOUNDATION INC 4062 PEACHTREE RD NE SUITE A501 BROOKHAVEN GA 30319 932948585 PROVIDING SUPPORT TO BONCREST RESOURCE GROUP AND AFFILIATES GA 501(c)(3) 7 BONCREST RESOURCE GROUP INC false ASBURY FOUNDATION 4062 PEACHTREE RD NE SUITE A501 BROOKHAVEN GA 30319 251555688 PROVIDING SUPPORT TO BONCREST RESOURCE GROUP AND AFFILIATES PA 501(c)(3) 10 BONCREST FOUNDATION INC true false false true true false false false false false false false true true true false false false false