2025-05-15T14:22:46-05:00 2024-06-30 440160260 FORVIS MAZARS LLP 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2023-07-01 823130539 SEBRING SENIOR LIVING INC SEBR 4235846755 485 CENTRAL AVENUE NE CLEVELAND TN 37311 RON SWARTZ CHIEF FINANCIAL OFFICER 4235846755 2025-05-15 1 1 PETER C GUBLER P00190185 4077405400 2025-05-15 2023 2025-03-06 01:10:19Z X THE PALMS OF SEBRING THOMAS D JOHNSON 485 CENTRAL AVENUE NE CLEVELAND TN 37311 62208265 0 X HTTP://WWW.PALMSOFSEBRING.COM X 2018 FL OPERATES A FULL SERVICE RETIREMENT COMMUNITY WITH MULTIPLE LEVELS OF CARE. X 5 4 325 4 0 0 0 0 12496774 12772658 943 19612224 0 0 12497717 32384882 0 0 0 0 6419345 7172350 0 0 0 9979204 9949687 16398549 17122037 -3900832 15262845 43228493 0 58491338 0 -15262845 0 X THE PALMS OF SEBRING PROVIDES A VARIETY OF HIGH QUALITY SERVICES TO HELP RESIDENTS ENJOY AND PROSPER IN THEIR RETIREMENT YEARS. 0 1 13217017 12772658 THE FILING ORGANIZATION PROVIDES RESIDENTS WITH INDEPENDENT LIVING FACILITIES, ASSISTED LIVING FACILITIES, AND SKILLED HOME NURSING CARE. THE SERVICES INCLUDE LIVING FACILITIES, EXPERIENCED MEDICAL PROFESSIONALS WHO PROVIDE AN ARRAY OF SPECIALIZED MEDICAL SERVICES, AND RECREATIONAL ACTIVITIES. DURING THE YEAR, THERE WERE 34,706 RESIDENT DAYS.ON NOVEMBER 8TH, 2023, THE ORGANIZATION CEASED CONDUCTING ITS ACTIVITIES AND SOLD ITS ASSETS. 13217017 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 11 0 1 325 1 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 FL X RON SWARTZ CFO 4235846755 485 CENTRAL AVENUE NE CLEVELAND TN 37311 THOMAS D JOHNSON EXECUTIVE DIRECTOR OF FOUNDATION/CHAIRMAN 1.00 39.00 X X 0 401757 15258 KENNETH C HART JR TREASURER 1.00 3.00 X X 0 0 0 JUDY JOHNSON DIRECTOR 1.00 3.00 X 0 0 0 DAVID JOHNSON DIRECTOR 1.00 3.00 X 0 0 0 JEANNE O VARNELL DIRECTOR 1.00 3.00 X 0 0 0 CHRISTIN J ROSE FORMER CHAIR 1.00 3.00 X 0 0 0 BRANDY FELICITA VP OF OPERATIONS 40.00 0.00 X 184502 0 7100 184502 401757 22358 1 0 1 0 QUALITY CARE REHAB INC 8477 S SUNCOAST BLVD HOMOSASSA FL 34446 THERAPY SERVICES 837521 GUARDIAN PHARMACY OF ORLANDO 2815 DIRECTORS ROW STE 700 ORLANDO FL 32809 PHARMACY 314073 MCDONALD HOPKINS LLC 600 SUPERIOR AVE SUITE 2100 CLEVELAND OH 44114 LEGAL SERVICES 187793 COMPASSION HEALTH MANAGEMENT LLC 1115 MUNSTER STREET ORLANDO FL 32803 MANAGEMENT SERVICES 104161 4 NET RESIDENT SERVICE REVENUE 623000 12739025 12739025 OTHER RESIDENT SERVICE REVENUE 623000 33633 33633 12772658 1243 1243 49434364 29823383 19610981 19610981 19610981 32384882 12772658 0 19612224 6413268 4782687 1630581 219504 4700 214804 539578 420484 119094 681777 681777 12284 12284 1337193 899961 437232 1975 1975 887426 842257 45169 951375 950898 477 27740 27740 5110 5110 2751045 2751045 1369374 1369374 480855 480855 MEDICAL SUPPLIES 681929 681929 FOOD SUPPLIES 464141 464141 CLAIMS FOR SETTLEMENTS 217979 217979 SUPPLIES & EQUIPMENT 68716 8812 59904 10768 7879 2889 17122037 13217017 3905020 0 81571 0 3102549 0 0 4021652 0 0 0 0 0 95935 0 0 0 30201460 0 0 0 0 0 5725326 0 43228493 0 14036703 0 16142 0 40467349 0 20848 0 3540452 0 409844 0 58491338 0 X -15262845 0 -15262845 0 43228493 0 15262845 0 X X 0 0 0 X 642850 1616297 540628 2799775 12756509 12282704 13494153 12496774 12772658 63802798 13399359 13899001 14034781 12496774 12772658 66602573 0 0 0 66602573 35172 1102 3322 943 1243 41782 35172 1102 3322 943 1243 41782 13434531 13900103 14038103 12497717 12773901 66644355 0.99940 0.99860 0.00060 0.00140 X 0 0 0 0 0 0 0 0 0 0 0 0 THOMAS D JOHNSON EXECUTIVE DIRECTOR OF FOUNDATION/CHA 0 401757 0 0 0 0 0 0 0 15258 0 417015 0 0 BRANDY FELICITA VP OF OPERATIONS 184502 0 0 0 0 0 0 0 7100 0 191602 0 0 0 FURNISHINGS, FIXTURES, AND EQUIPMENTS 2023-11-08 1174369 NET BOOK VALUE 932703419 CASCASIS LLC 3450 OAKTON ST SKOKIE IL 60076 N/A BUILDING 2023-11-08 25257360 NET BOOK VALUE 932703419 CASCASIS LLC 3450 OAKTON ST SKOKIE IL 60076 N/A BUILDING IMPROVEMENTS 2023-11-08 81664 NET BOOK VALUE 932703419 CASCASIS LLC 3450 OAKTON ST SKOKIE IL 60076 N/A LAND 2023-11-08 3309990 COST 932703419 CASCASIS LLC 3450 OAKTON ST SKOKIE IL 60076 N/A 0 0 0 0 1 1 1 1 1 1 PART I, LINE 6C: ON NOVEMBER 8, 2023, THE UNITED STATES BANKRUPTCY COURT FOR THE MIDDLE DISTRICT OF TENNESSEE (THE "COURT") ENTERED THE ORDER (I) AUTHORIZING THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE DEBTORS' ASSETS FREE AND CLEAR OF ALL LIENS, CLAIMS, ENCUMBRANCES, AND INTERESTS; (II) AUTHORIZING THE DEBTORS TO ASSUME AND ASSIGN CERTAIN EXECUTORY CONTRACTS AND UNEXPIRED LEASES; AND (III) GRANTING OTHER RELATED RELIEF, WHICH, AMONG OTHER THINGS, APPROVED THE SALE OF ASSETS TO CASCASIS, LLC ("CASCASIS") PURSUANT TO THAT CERTAIN ASSET PURCHASE AGREEMENT, DATED AUGUST 4, 2023, BY AND AMONG THE ABOVE-CAPTIONED DEBTORS AND DEBTORS IN POSSESSION (COLLECTIVELY, THE "DEBTORS") AND CASCASIS.ALL PROCEEDS FROM THE SALE OF ASSETS WERE PAID DIRECTLY TO THE DEBTORS. AS A RESULT OF THE SALE OF ASSETS, THE BOND WAS DEFEASED AND THE BONDHOLDER RECEIVED A SETTLEMENT FOR THE BOND. FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED CONDUCTING ACTIVITIES AND SOLD ITS ASSETS DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 2 JUDY JOHNSON, DIRECTOR, CHRISTIN J. ROSE, FORMER CHAIR, DAVID JOHNSON, DIRECTOR, THOMAS D. JOHNSON, EXECUTIVE DIRECTOR - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHAIR AND TREASURER PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF TROUSDALE LIVING COMMUNITIES, INC. THAT CONFLICTS OF INTEREST BE MONITORED ON AN ONGOING BASIS. OFFICERS ARE REQUIRED TO NOTIFY THE BOARD WHEN THERE ARE ANY CHANGES IN INTEREST OR AFFILIATIONS THAT WOULD AFFECT THEIR ABILITY TO PARTICIPATE IN DECISION MAKING ACTIONS. ANY CONFLICTS OF INTEREST THAT ARE DISCOVERED ARE HANDLED IN ACCORDANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FILING ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE TROUSDALE FOUNDATION INC 485 CENTRAL AVENUE NE CLEVELAND TN 37311 222986746 HEALTHCARE OPERATIONS MA 501(C)(3) LINE 10 N/A 0 TROUSDALE LIVING COMMUNITIES INC 485 CENTRAL AVENUE NE CLEVELAND TN 37311 301103971 NURSING MANAGEMENT FACILITY TN 501(C)(3) LINE 10 THE TROUSDALE FOUNDATION INC 0 BENCHMARK HEALTHCARE OF DANE COUNTY INC 485 CENTRAL AVENUE NE CLEVELAND TN 37311 391946225 SKILLED NURSING FACILITY WI 501(C)(3) LINE 10 THE TROUSDALE FOUNDATION INC 0 THE TROUSDALE SCHOOL INC 3171 HEWITT STREET SE CLEVELAND TN 37323 203770992 SCHOOL FOR ADULTS WITH LEARNING DISABILITIES TN 501(C)(3) LINE 2 THE TROUSDALE FOUNDATION INC 0 MOUNTAIN CREEK HOME HEALTH INC 601 S ALBERT WALSENBURG CO 81089 201483785 HOME HEALTH SERVICES CO 501(C)(3) LINE 10 THE TROUSDALE FOUNDATION INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0