2026-05-08T12:08:30+00:00 2025-06-30 440160260 Forvis Mazars LLP One Oak Plaza Suite 300 Asheville NC 28801 990 2024-07-01 810698227 Lavender Mountain Senior Living Inc LAVE 7062362265 PO Box 490129 Mount Berry GA 30149 Brian Erb Treasurer 7062362265 2026-05-08 true Amy Bibby P00445891 8282542254 2026-04-20 2024 2025-03-06 01:10:19Z Brian Erb PO Box 490129 Mount Berry GA 30149 22145988 false X www.retireatberry.com X 2015 GA CONTINUING CARE RETIREMENT COMMUNITY FOR ADULTS 55 YEARS-OLD AND ABOVE ON THE CAMPUS OF BERRY COLLEGE, INC. 7 7 232 25 0 0 20508126 21618078 600612 527910 59467 0 21168205 22145988 0 0 8397126 8946552 0 0 15962973 16376194 24360099 25322746 -3191894 -3176758 128252939 125390877 168206769 168521465 -39953830 -43130588 CONTINUING CARE RETIREMENT COMMUNITY FOR ADULTS 55 YEARS OLD AND OLDER ON THE CAMPUS OF BERRY COLLEGE, INC. false false 21972846 21618078 THE SPIRES IS A LAKESIDE CONTINUING CARE RETIREMENT COMMUNITY THAT PROMOTES THE WELFARE OF INDIVIDUALS, AGES 55 AND OLDER, THROUGH THE PROVISION OF HOUSING AND RELATED SERVICES. THE FACILITIES ARE LOCATED ON THE CAMPUS OF BERRY COLLEGE, INC. THE COMMUNITY OPENED IN THE SUMMER OF 2020. THERE ARE 144 INDEPENDENT LIVING APARTMENTS, 26 COTTAGES, 36 ASSISTED LIVING UNITS, 34 SKILLED NURSING BEDS AND 36 MEMORY CARE BEDS. 21972846 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 true false false false false false false false false false false false false false false false false false false false false true 41 0 true 232 true false false false false false false false false false false false false X 7 7 false true false false false false false true true false false false true true true true true true true false false false GA X BRIAN ERB 7062362265 PO BOX 490129 Mount Berry GA 30149 Brian Erb Treasurer 10.0 X X 0 0 0 Stephen Briggs CEO 10.0 X X 0 0 0 Cecil B Wright Board Member 4.0 X 0 0 0 John Bennett Board Member 4.0 X 0 0 0 Jon Lewis Board Member 4.0 X 0 0 0 Mary Sib Banks Board Member 4.0 X 0 0 0 Susan Anderson Chair of the Board 6.0 X 0 0 0 Brad Reeder Secretary 10.0 X 0 0 0 Laurie Steber Executive Director 40.0 X 0 0 0 Chasity Langston Director of Health Services 40.0 X 134083 0 21783 Nicholas Lancaster Healthcare Director 40.0 X 151484 0 19582 Sara Bingham Marketing Director 40.0 X 144831 0 0 Sheree Williams Sales Specialist 40.0 X 122169 0 17605 552567 0 58970 4 false true false Greenbrier Senior Living 3107 Timberlake Road Vestavia AL 35243 Management 712101 1 0 Resident Fees 623311 17650842 17650842 Earned non-refundable entrance fees 623311 2627473 2627473 Patient Services 623311 1239820 1239820 Other operating income 623311 99943 99943 0 0 0 0 21618078 527910 527910 0 0 0 0 Miscellaneous Income 900099 0 0 0 0 0 22145988 21618078 0 527910 7491991 6074683 1417308 781645 633776 147869 672916 545616 127300 712101 712101 0 0 69703 69703 224844 182309 42535 0 387153 387153 1202567 1059397 143170 94969 94969 2223653 2223653 25001 25001 5858920 5858920 3295202 3295202 446578 265327 181251 Food Supplies 1386380 1386380 Repairs & Maintenance 351759 351759 Other Operating Expenses 95824 95824 Resident Move Coordination 1540 1540 0 0 0 0 25322746 21972846 3349900 0 8974000 9575623 8348027 8559834 346430 439600 0 0 0 0 67871 92387 104977760 15190276 93026278 89787484 0 0 17490333 16935949 128252939 125390877 1324872 1455543 49443 119337 79657224 78732119 31685386 32606794 0 0 6500000 6500000 48989844 49107672 168206769 168521465 -39953830 -43130588 -39953830 -43130588 128252939 125390877 -3176758 0 X false true true false X 0 5122964 13675434 17086382 20508126 21618078 78010984 0 0 0 5122964 13675434 17086382 20508126 21618078 78010984 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 78010984 53825 64738 600612 527910 1247085 0 53825 0 64738 600612 527910 1247085 0 0 0 0 0 0 0 5176789 13675434 17151120 21108738 22145988 79258069 0.98427 0.97032 0.02 0.03 X false true X 98785696 12254425 86531271 294207 294207 0 5749389 2573327 3176062 148468 68317 80151 89787484 Right of use asset 16935949 16935949 Federal Income Taxes Accrued Expenses On-hold deposits 0 Accrued Interest 6148232 Operating lease liability 21586270 non-refundable entrance fees 21373170 49107672 X 22145988 0 0 22145988 0 0 22145988 25322746 0 0 25322746 0 0 25322746 Schedule D, Part IV, Line 2b Explanation of escrow agreement The Company holds future residents' deposits and entrance fees, which are refundable to the resident. Future residents' deposits are required prior to the execution of the resident agreements and the acceptance of the entrance fees. Non-traditional residency care agreements entrance fees are currently 95% and 90% refundable. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Company is recognized as an organization exempt from Federal income tax under Section 501(a) of the Internal Revenue Code (the "Code") as an organization described in Section 501(c)(3) whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to Federal income tax. With respect to any unrelated business income generated by the Company, it records income taxes using the liability method under which deferred tax assets and liabilities are determined based on the differences between the financial accounting and tax basis of assets and liabilities. Deferred tax assets or liabilities at the end of each period are determined using the currently enacted tax rate expected to apply to taxable income in the period that the deferred tax asset or liability is expected to be realized or to be settled. As of June 30, 2025 and 2024, the Company had no deferred tax assets or liabilities. The Company analyzed its tax positions for the years ended June 30, 2025 and 2024 and determined that there were no uncertain tax positions that would have a material impact on the Company's financial statements. Nicholas Lancaster Healthcare Director 136484 0 15000 0 0 0 0 0 19582 0 171066 0 0 0 Chasity Langston Director of Health Services 128583 0 5500 0 0 0 0 0 21783 0 155866 0 0 0 A Development Authority of Floyd County 237182908 343572AE3 2018-11-16 81930000 Construction Bonds false false false B Development Authority of Floyd County 237182908 343572AE3 2018-11-16 37750000 Construction Bonds false false false A 80801363 14209024 2051840 64540499 2020 false false true true B 37750000 37750000 33918 37277524 438558 2020 false false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true B false false false false false false 0.0 0.0 0.0 false false 0 false true A false false true false true false 0 false false false 0 false false true B false true false false true false 0 false false false 0 false false true A false B false Form 990, Part VI, Line 3 Delegation of management duties Under the agreement, the Company receives certain management services (including the provision of key employees) from the Manager in exchange for monthly management fees. For the years ended June 30, 2025 management fees of approximately $712,000. As part of the agreement, the Organization is provided an executive director who received 182,358 in compensation for providing these services. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 was initially reviewed by the Treasurer. After the Treasurer's approval, the Form 990 was provided to the board members for their review, comment and approval prior to submitting the return to the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The board members are required annually to acknowledge and disclose any conflict of interest. The individual board members realize their fiduciary duty to disclose any potential conflicts of interest so that the board can determine the appropriate course of action should a conflict arise. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Company does not have any direct employees. The executive director is an employee of the consulting firm (Greenbrier Senior Living, LLC) hired to manage the day to day operations of the facility. All other employees are members of a third party professional employer organization (PEO). All compensation and benefit packages are comparable for the industry and local market. Form 990, Part VI, Line 19 Required documents available to the public The Company makes its governing documents and financial statements available to the public upon request at the administration's office.