2026-05-11T12:29:04-07:00 2025-06-30 522018280 Schiavi Wallace & Rowe PC 606 Providence Road Towson MD 21286 990 2024-07-01 800827126 FAMILY OF CARE REAL ESTATE HOLDING CO INC FAMI 3012760130 9375 CHESAPEAKE STREET 211 LA PLATA MD 20646 TERRY WEAVER CFO 2026-05-11 true true Jeannie McCloskey P02069261 4104949517 2024 2025-03-06 01:10:19Z 9375 CHESAPEAKE STREET 211 LA PLATA MD 20646 8840639 false X WWW.SAGEPOINTCARE.ORG X 2012 MD REAL ESTATE HOLDINGS FOR AFFILIATED ORGANIZATIONS 5 4 0 0 0 1926154 2540087 6300552 0 1926154 8840639 0 0 0 0 0 2263895 2830283 2263895 2830283 -337741 6010356 17807371 12929430 12132320 1244023 5675051 11685407 FAMILY OF CARE REAL ESTATE HOLDING COMPANY PROVIDES SUPPORT TO CHARLES COUNTY NURSING AND REHABILITATION CENTER (CCNRC) RELATED TO THE RISK AND RESPONSIBILITY ASSOCIATED WITH OWNERSHIP OF THE LAND, BUILDINGS, AND BUILDING IMPROVEMENTS IN WHICH CCNRC OPERATES. false false 1596892 8840639 THE MISSION OF THE ORGANIZATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OR THE SUPPORTED ORGANIZATION BY HOLDING REAL PROPERTY. 1596892 true false false false false false false false false false true false false true true false false 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 true false false false true 0 0 true 0 false false false false false false false 0 false false false false false false false X 5 4 false true false false true true true true true false false false true true true true true false false false X TERRY WEAVER 3019341900 9375 CHESAPEAKE STREET STE 211 LA PLATA MD 20646 X TERRY WEAVER CFO 5.00 41.00 X 0 130943 52457 CAROLYN CORE PRES/CEO 4.00 15.00 X X 0 0 0 DIANE MOCK SEC/TREASURER 1.00 2.00 X X 0 0 0 BARBARA STEPURA Director 1.00 4.00 X 0 0 0 WAYNE BARNES Director 1.00 2.00 X 0 0 0 130943 52457 0 false true false YVS LAW 185 ADMIRAL COCHRANE DRIVE STE 130 ANNAPOLIS MD 21401 LEGAL SERVICES 230540 HEALTHCARE TRANSACTIONS GROUP 12207 FAULKNER DRIVE OWINGS MILLS MD 21117 CONSULTING 390000 2 0 2540087 0 0 0 0 6300552 6300552 6300552 6300552 0 0 0 0 8840639 8840639 X 0 0 0 0 0 0 0 0 0 0 94104 94104 455125 455125 0 0 0 0 422395 422395 0 0 0 0 68630 68630 0 0 0 481066 481066 0 936734 936734 110462 110462 BANK CHARGES & FINANCE FEES 258808 258808 US TRUSTEE PROGRAM FEE 2959 2959 0 2830283 1596892 1233391 0 950938 4509180 0 0 0 0 0 0 0 0 11056039 3835789 16781616 7220250 0 0 0 0 74817 1200000 17807371 12929430 234106 29088 655000 5073922 4527524 1641768 1214935 12132320 1244023 X 5675051 10485407 1200000 5675051 11685407 17807371 12929430 6010356 X false false false X X 1 CHARLES CO NURSING & REHAB CTR 521071433 10 true 0 563820 1 563820 true false false false false false false false false false false false false false false false Part IV, Section C, Line 1: Control Or Management Of Supported Orgs. WHILE THE FILING ENTITY'S BOARD OF DIRECTORS IS NOT A MAJORITY OF ITS SUPPORTED ORGANIZATION'S BOARD, TWO OF THE FIVE MEMBERS OF THE FILING ORGANIZATION'S BOARD ARE ALSO MEMBERS OF THE SUPPORTED ORGANIZATION'S BOARD. THERE IS ALSO COMMON MANAGEMENT AS THE PRESIDENT IS THE SAME FOR BOTH ORGANIZATIONS. ADDITIONALLY, FAMILY OF CARE ALLIANCE, INC. (ANOTHER SUPPORTING ORGANIZATION OF CHARLES COUNTY NURSING AND REHABILITATION CENTER, INC.) HAS THE SOLE POWER TO ELECT THE BOARD MEMBERS OF BOTH THE FILING AND SUPPORTED ORGANIZATIONS. AS OF JUNE 30, 2024, ALL FIVE MEMBERS OF THE FILING ORGANIZATION REPRESENTED FIVE OF THE EIGHT BOARD MEMBERS OF FAMILY OF CARE ALLIANCE, INC. 3996200 3996200 5882442 3233835 2648607 1177397 601954 575443 7220250 ESCROW DEPOSITS 1200000 FINANCING COSTS, NET 1200000 DUE TO AFFILIATE 1214935 1214935 false false false false false false false false false TERRY WEAVER CFO 130943 30017 22440 183400 A MD HEALTH & HIGHER ED FAC 520936091 2012-06-09 8000000 RF-FI 2007 BOND ISSUE & CONVEN false false false A 8000000 8000000 97179 2497995 5404826 2015 true false true true A false false true true false 0.00330 0.00330 false false false true A false false true false false false false false A true Part VI THE BONDS HAD A CALL DATE OF JUNE 19, 2024 GIVING THE BOND HOLDER (A PRIVATE PLACEMENT) THE OPTION TO CALL OR RENEW THE BONDS AT AN ADJUSTED INTEREST RATE. THE BOND HOLDER CHOSE TO CALL THE BONDS. FAMILY OF CARE REAL ESTATE HOLDING CO. ATTEMPTED UNSUCCESFULLY TO NEGOTIATE A FOREBEARANCE AGREEMENT. THE BONDS WERE DEEMED IN DEFAULT. THE HOLDING CO. FILED FOR CHAPTER 11 BANKRUPTCY PROTECTION IN OCTOBER 2024.(A) ISSUER NAME: MD HEALTH & HIGHER EDUCATION FACILITY AUTHORIZATION (F) DESCRIPTION OF PURPOSE: RF-FI 2007 BOND ISSUE & CONVENTION SCHEDULE K, SUPPLEMENTAL INFORMATION: PART III - PRIVATE BUSINESS USE: THE ORGANIZATION ALLOWS A BEAUTICIAN TO SERVICE RESIDENTS WHICH THE ORGANIZATION CONSIDERS TO BE PRIVATE BUSINESS USE. HOWEVER, THE ORGANIZATION DOES NOT HAVE ANY LEASE ARRANGEMENTS OR SERVICE CONTRACTS WITH THE BEAUTICIAN OR ANY OTHER INDIVIDUAL OR ORGANIZATION. AS SUCH, IT DOES NOT ROUTINELY ENGAGE BOND COUNSEL. SHOULD THE ORGANIZATION ENGAGE IN A LEASE OR MANAGEMENT CONTRACT THAT MAY HAVE SAFE HARBOR REQUIREMENTS, IT WILL ENGAGE BOND COUNSEL AS DEEMED NECESSARY. PART IV, LINE 7: BOND ISSUE FUNDS WERE INITIALLY RELEASED TO REFUND A PRIOR ISSUE AND TO MEET COST OF ISSUANCE EXPENSES. FUNDS RELEASED TO PROVIDE FOR CAPITAL IMPROVEMENTS ARE ONNLY UPON RECEIPT OF DOCUMENTED PROOF THAT EXPENSES HAVE BEEN INCURRED. THE ORGANIZATION DOES NOT HOLD ANY FUNDS IN ESCROW OR OTHER ACCOUNTS AND THEREBY HAS NO EXPOSURE TO ARBITRAGE. AS SUCH, THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY FOR MONITORING. SHOULD THE TERMS OF ANY BOND ISSUE CHANGE, THE ORGANIZATION WOULD PROVIDE FOR ANY POLICIES NECESSARY TO MEET ALL BOND COMPLIANCE REGULATIONS. Form 990, Part VI, Section A, Line 3 CONTROL OVER MANAGEMENT DUTIES IS DELEGATED TO FAMILY OF CARE ALLIANCE, INC. (90-0860390), A RELATED ORGANIZATION. Form 990, Part VI, Section A, Line 6 FAMILY OF CARE ALLIANCE (90-0860390), A MARYLAND NONSTOCK CORPORATION, IS THE SOLE MEMBER OF FAMILY OF CARE REAL ESTATE HOLDING COMPANY, INC. Form 990, Part VI, Section A, Line 7a THE SOLE MEMBER, FAMILY OF CARE ALLIANCE, ELECTS ALL BOARD MEMBERS. Form 990, Part VI, Section A, Line 7b THE SOLE MEMBER HAS RESERVED THE FOLLOWING POWERS AND SHALL REQUIRE THE AFFIRMATIVE VOTE OR WRITTEN CONSENT OF THE SOLE MEMBER:1. THE SALE, LEASE, PLEDGE, OR OTHER DISPOSITION OF REAL PROPERTY OWNED BY THE CORPORATION2. THE IMPOSITION OF A MORTGAGE ON ANY REAL PROPERTY OWNED BY THE CORPORATION UNLESS SUCH MORTGAGE IN NECESSARY TO FINANCE THE COST OF COMPLIANCE WITH OPERATIONAL OR PHYSICAL PLANT STANDARDS REQUIRED BY LAW3. ADOPTION, AMENDMENT, OR REPEAL OF ANY PLAN OF DISSOLUTION, MERGER, OR CONSOLIDATION OF THE CORPORATION4. ADOPTION, AMENDMENT, OR REPEAL OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, AND5. ADOPTION, AMENDMENT, OR REPEAL OF THE BY-LAWS. Form 990, Part VI, Section B, Line 11b THE CFO WILL COMPARE THE DRAFT FORM 990 TO THE PREVIOUS YEAR'S RETURN IN DETAIL, LOOKING FOR ANY SIGNIFICANT DIFFERENCES OR OMISSION. THE CFO ALSO TRACES AMOUNTS TO THE FINANCIAL STATEMENTS AND TRIAL BALANCE. Form 990, Part VI, Section B, Line 12c EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE BOARD AS A WHOLE MONITORS THE POLICY. ANY BOARD MEMBER, OFFICER, OR KEY EMPLOYEE WHO IS INVOLVED IN A CONFLICT SITUATION WILL REMOVE HIMSELF OR HERSELF FROM ANY DECISION MAKING REAGRDING THE CONFLICT. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE CONFLICT OF INTEREST POLICY. Form 990, Part VI, Section C, Line 19 No documents available to the public. BALANCE SHEET CHANGE IN FIXED ASSETS EFFECTIVE 4/1/2024, THE SKILLED NURSING FACILITY OF CHARLES COUNTY NURSING & REHABILITATION CENTER, INC. HAS BEEN LEASED TO A THRID-PARTY OPERATOR. THE FIXED ASSETS OF THE SKILLED NURSING FACILITY WERE TRANSFERRED TO THE RELATED ORGANIZATION, FAMILY OF CARE REAL ESTATE HOLDING CO. THE OPERATOR HAS LEASED THE BUILDING, CONTENTS, AND BED RIGHTS FROM THE REAL ESTATE HOLDING CO. THE OPERATOR IS RESPONSIBLE FOR ALL OPERATING EXPENDITURES, INCLUDING SALARIES, WAGES, AND BENEFITS, AS OF THAT DATE. EFFECTIVE 6/25/25, FAMILY OF CARE ALLIANCE SOLD THE SKILLED NURSING FACILITY TO THE THIRD-PARTY OPERATOR. CHARLES CO NURSING & REHAB CENTER INC 9375 CHESAPEAKE STREET STE 211 LA PLATA MD 20646 521071433 REHAB AND AGING SERVICES MD 501(C)(3) LINE 10 FAMILY OF CARE ALLIANCE INC false FAMILY OF CARE ALLIANCE INC 9375 CHESAPEAKE STREET STE 211 LA PLATA MD 20646 900860390 FUNDRAISING & SUPPORT FOR AFFILIATED ORG MD 501(C)(3) LINE 12B, II NA false CHARLES CO NURSING & REHAB CTR FOUNDATI 9375 CHESAPEAKE STREET STE 211 LA PLATA MD 20646 201666771 FUNDRAISING FOR RELATED ORG MD 501(C)(3) LINE 7 FAMILY OF CARE ALLIANCE INC false false false false false false false false false false true false false true false false false false false false CHARLES CO NURSING & REHAB CENTER INC j 2387638 FAMILY OF CARE ALLIANCE INC m 94104 RELATIONSHIP TO FAMILY OF CARE REAL ESTATE HOLDING CO. EFFECTIVE 4/1/2024, THE SKILLED NURSING FACILITY OF CHARLES COUNTY NURSING & REHABILITATION CENTER, INC. HAS BEEN LEASED TO A THIRD-PARTY OPERATOR. THE FIXED ASSETS OF THE SKILLED NURSING FACILITY WERE TRANSFERRED TO THE RELATED ORGANIZATION, FAMILY OF CARE REAL ESTATE HOLDING CO. THE OPERATOR HAS LEASED THE BUILDING AND CONTENTS FROM THE REAL ESTATE HOLDING CO. THE OPERATOR IS RESPONSIBLE FOR ALL OPERATING EXPENDITURES, INCLUDING SALARIES, WAGES, AND BENEFITS, AS OF THAT DATE. EFFECTIVE 6/25/25, FAMILY OF CARE ALLIANCE SOLD THE SKILLED NURSING FACILITY TO THE THIRD-PARTY OPERATOR.