2025-05-15T13:55:32-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 3000 TOWN CENTER SUITE 100 SOUTHFIELD MI 48075 990 2023-07-01 463971740 MARY FREE BED SUB-ACUTE REHABILITATION MARY 6168408000 235 WEALTHY ST GRAND RAPIDS MI 49503 NATE GUZMAN TREASURER 6168408000 2025-05-15 1 1 ALYSSA M KENT P01701477 2483522500 2025-05-15 2023 2025-03-06 01:10:19Z KIERSTEN CUDNEY 235 WEALTHY ST GRAND RAPIDS MI 49503 9385387 0 X WWW.MARYFREEBED.COM/SUB-ACUTE X 2012 MI MARY FREE BED SUB-ACUTE REHABILITATION PROVIDES SHORT-TERM INPATIENT REHABILITATION THAT IS CUSTOMIZED, COMPREHENSIVE AND COORDINATED TO HELP INDIVIDUALS RECOVER QUICKLY FROM AN ILLNESS, INJURY OR SURGERY. 8 8 0 3 0 0 0 29989 9208331 9061659 81 464 402954 293275 9611366 9385387 0 0 0 0 5142134 5613173 0 0 0 4918214 5174153 10060348 10787326 -448982 -1401939 11138028 11367434 1385098 3016443 9752930 8350991 NONE 0 0 7235709 0 9354934 REHABILITATION SERVICES WITH 48 BEDS AND 16,097 PATIENT DAYS FOR 2024. 7235709 1 1 0 0 0 0 0 0 0 0 1 0 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X DAVID DEFRAIN VP OF FINANCE 7343775885 20555 VICTOR PARKWAY LIVONIA MI 48152 X RAPLH WANG MD CHAIR 0.50 0.00 X X 0 0 0 STACEY JOHNSON VICE CHAIR 0.50 0.00 X X 0 0 0 NATE GUZMAN TREASURER 0.50 0.00 X X 0 0 0 BRUCE BRASSER SECRETARY 0.50 0.00 X X 0 0 0 HOLLY BANNINGA DIRECTOR OF ACCESS/REFERRALS 0.10 0.00 X 0 0 0 BECKY LUND BOARD MEMBER 0.50 0.00 X 0 0 0 MEG REIMER BOARD MEMBER 0.50 0.00 X 0 0 0 LESLIE SHANLIAN BOARD MEMBER 0.50 0.00 X 0 0 0 KIERSTEN CUDNEY ADMINISTRATOR 0.50 0.00 X 0 0 0 SCOTT MAHL INTERIM ADMINISTRATOR 0.50 0.00 X 0 0 0 0 0 0 0 0 0 0 0 29989 29989 PATIENT SERVICE REVENU 623990 9061659 9061659 9061659 464 464 DIRECT CARE WORKER REI 900099 292276 292276 MEDICARE SETTTLEMENT 900099 735 735 MEDICAL RECORD FEES 900099 156 156 108 108 293275 9385387 9354934 0 464 X 4487053 2431729 2055324 1126120 610293 515827 -5000 -5000 5220 5220 144000 144000 3426487 3336671 89816 100 100 4967 4967 210090 210090 124732 124732 355075 355075 41001 41001 MEDICAL SUPPLIES 751889 751889 BAD DEBT 43927 43927 RECRUITMENT 20208 20208 DUES AND SUBSCRIPTION 3530 3530 47927 40992 6935 10787326 7235709 3551617 0 500 500 754021 1513207 1317443 1161233 16547 15574 27977 0 11746900 3789980 8301540 7956920 720000 720000 11138028 11367434 1385098 3016443 1385098 3016443 X 9752930 8350991 9752930 8350991 11138028 11367434 -1401939 0 X 0 0 0 X 435183 177241 516254 29989 1158667 7639842 7547557 8499563 9611285 9354934 42653181 8075025 7724798 9015817 9611285 9384923 43811848 0 12734 12734 12734 12734 43799114 227 68 154 81 464 994 555 555 782 68 154 81 464 1549 8075807 7724866 9015971 9611366 9385387 43813397 0.99970 0.99670 0.00000 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 143990 143990 10264071 2543468 7720603 1338839 1246512 92327 7956920 INTANGIBLE ASSETS 720000 720000 FORM 990, PART VI, SECTION A, LINE 3 NURSING STAFF COMPLETED TRANSITION OVER TO MARY FREE BED (MFB) HOSPITAL EMPLOYMENT FULLY 4/1/17. ACCOUNTS PAYABLE AND PAYROLL ARE MANAGED BY MFB HOSPITAL. TRINITY SENIOR LIVING COMMUNITIES (TSLC) PROVIDES CLINICAL, BILLING, AND ACCOUNTING SERVICES. FORM 990, PART VI, SECTION A, LINE 6 TRINITY SENIOR LIVING COMMUNITIES AND MARY FREE BED REHABILITATION HOSPITAL ARE THE SOLE SHAREHOLDERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE SHAREHOLDERS SHALL HAVE THE EXCLUSIVE RIGHT TO ELECT OR APPOINT THE DIRECTORS OF THE CORPORATION; FOUR DIRECTORS SHALL BE APPOINTED BY MARY FREE BED AND FOUR DIRECTORS SHALL BE APPOINTED BY TRINITY SENIOR LIVING COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO ANY VOTE OR CONSENT OF THE SHAREHOLDERS OF THE CORPORATION REQUIRED BY THE ACT, UNLESS AUTHORIZED BY A UNANIMOUS VOTE OF THE SHAREHOLDERS, THE CORPORATION SHALL NOT ENTER INTO ANY COMMITMENT TO: (I) PAY DIVIDENDS OR DISTRIBUTE INCOME OR PROFIT TO THE SHAREHOLDERS; (II) REQUIRE A CAPITAL CONTRIBUTION BY THE SHAREHOLDERS TO THE CORPORATION; (III) ADOPT, AMEND, MODIFY, REPEAL, OR WAIVE THESE ARTICLES OF INCORPORATION OR THE CORPORATION'S BYLAWS; (IV) (A) MAKE ANY MATERIAL CHANGE TO THE NATURE OF THE BUSINESS CONDUCTED BY THE CORPORATION OR (B) ENTER INTO ANY BUSINESS OTHER THAN THE BUSINESS; (V) (A) ISSUE OR SELL ADDITIONAL SHARES OR OTHER EQUITY SECURITIES OF THE CORPORATION TO ANY PERSON OR ENTITY OR (B) ENTER INTO OR EFFECT ANY TRANSACTION OR SERIES OF RELATED TRANSACTIONS INVOLVING THE REPURCHASE, REDEMPTION OR OTHER ACQUISITION OF SHARES; (VI) (A) INCUR ANY LONG OR SHORT TERM INDEBTEDNESS IN EXCESS OF $25,000.00; (B) PLEDGE OR GRANT ANY MORTGAGE, PLEDGE, SECURITY INTEREST, OPTION, RIGHT OF FIRST OFFER, ENCUMBRANCE OR OTHER RESTRICTION OR LIMITATION OF ANY NATURE WHATSOEVER ("LIENS") ON ANY ASSETS; OR (C) GUARANTEE, ASSUME, ENDORSE OR OTHERWISE BECOME RESPONSIBLE FOR THE OBLIGATIONS OF ANY OTHER PERSON OR ENTITY; (VII) MAKE ANY LOAN, ADVANCE OR CAPITAL CONTRIBUTION TO ANY PERSON OR ENTITY; (VIII) DISSOLVE, WIND-UP OR LIQUIDATE THE CORPORATION OR INITIATE A BANKRUPTCY PROCEEDING INVOLVING THE CORPORATION; (IX) ENTER INTO OR EFFECT ANY TRANSACTION OR SERIES OF RELATED TRANSACTIONS INVOLVING THE PURCHASE, LEASE, LICENSE, EXCHANGE OR OTHER ACQUISITION (INCLUDING BY MERGER, CONSOLIDATION, ACQUISITION OF STOCK OR ACQUISITION OF ASSETS) BY THE CORPORATION OF ANY ASSETS AND/OR EQUITY INTERESTS OF ANY PERSON WITH A VALUE IN EXCESS OF $25,000, OTHER THAN IN THE ORDINARY COURSE OF BUSINESS CONSISTENT WITH PAST PRACTICE; (X) ENTER INTO OR EFFECT ANY TRANSACTION OR SERIES OF RELATED TRANSACTIONS INVOLVING THE SALE, LEASE, LICENSE, EXCHANGE OR OTHER DISPOSITION (INCLUDING BY MERGER, CONSOLIDATION, SALE OF STOCK OR SALE OF ASSETS) BY THE CORPORATION OF ANY ASSETS WITH A VALUE IN EXCESS OF $25,000, OTHER THAN SALES OF INVENTORY IN THE ORDINARY COURSE OF BUSINESS CONSISTENT WITH PAST PRACTICE; (XI) ESTABLISH A SUBSIDIARY OR ENTER INTO ANY JOINT VENTURE OR SIMILAR BUSINESS ARRANGEMENT; (XII) MAKE ANY INVESTMENTS IN ANY OTHER ENTITY; OR (XIII) CHANGE THE NUMBER OR THE MANNER OF APPOINTMENT OF THE DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FULL FORM 990 WILL BE REVIEWED BY THE VP OF FINANCE AND TREASURER. FORM 990, PART VI, SECTION B, LINE 12C MFB SAR ADOPTS THE TRINITY CORPORATE COMPLIANCE PROGRAM. EACH MEMBER OF THE BOARD IS GIVEN THE CONFLICT OF INTEREST POLICY AND SURVEY ANNUALLY. WHEN THE BOARD IS VOTING ON SPECIFIC ISSUES WHERE A PARTICULAR MEMBER MIGHT HAVE A CONFLICT OF INTEREST, THE MEMBER EXCUSES THEMSELVES FROM VOTING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 1,963,160. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,963,160. HOUSEKEEPING SUPPLIES: PROGRAM SERVICE EXPENSES 319,565. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 319,565. QAAP TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,053. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,053. PURCHASED SERVICES DIETARY: PROGRAM SERVICE EXPENSES 700,249. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 700,249. PHYSICIAN FEES: PROGRAM SERVICE EXPENSES 17,220. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,220. LICENSE AND FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 675. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 675. TRAVEL TRANSPORTATION: PROGRAM SERVICE EXPENSES 14,340. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,340. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 322,137. MANAGEMENT AND GENERAL EXPENSES 74,088. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 396,225.