Bslc II FY2020 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 2011Human ServicesEIN 45-2666295Revenue $36.6M in FY2020

On file with the IRSbethesdaseniorliving.com15475 Gleneagle Dr, 80921-2596 · Colorado Spgs, COTax-exempt since Oct 2011Supporting org, Type I — 509(a)(3)

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To serve seniors by enriching their physical, emotional, and spiritual health in a nurturing environment at our communities. Our vision: to expand outreach and service to as many communities as god wills through expansion, acquisition, management contracts, and programming.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$28K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $2.1M a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$28K
to officers and key staff · 0.09% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$96.3M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 8 voting members
Worth a look: 3 of 8 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36.6M
Spent
$32.2M
To programs
93%
Net assets
$7.6M
By yearFY2020–FY2025
Revenue
$36.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$36.6M
FY2021$30.6M
FY2022$33.6M
FY2023$33.6M
FY2024$35.8M
FY2025$38.2M
Expenses
$32.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$32.2M
FY2021$32.1M
FY2022$32.0M
FY2023$31.0M
FY2024$33.2M
FY2025$35.4M
Net assets
$7.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.6M
FY2021$6.2M
FY2022$6.9M
FY2023$10.1M
FY2024$13.2M
FY2025$16.1M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $29.8M Management & general 7% · $2.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $28K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$28,500Pt VII · Sec A
CFO, Treasurer & Director
$0Pt VII · Sec A
Vice President & Director
$0Pt VII · Sec A
Former Director (thru 9/30/19)
$0Pt VII · Sec A
VP of Operations & Director
$0Pt VII · Sec A
Regional VP of Operations
$0Pt VII · Sec A
Regional Director of Operations
$0Pt VII · Sec A
VP of Sales & Marketing
$0Pt VII · Sec A

Dale Turner’s $2K as Director is at the 0th percentile of top reported officer pay among 3123 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Dale Turner$2,375$28,500$28,500$28,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enriching seniors' physical, emotional, and spiritual health in their communities.

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Provided by the organization

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1 program · $29.8M · in their own filed words · FY2019
01

Development and operation of tax exempt assisted living communities, independent living communities, and memory care facilities for seniors in Colorado, Texas, and Missouri. Cared for an average of 735 residents during the fiscal year ended 9/30/2020.

$29.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $3.8M · 2019–2020
Bethesda FoundationCO · FY2020$3,444,474
Bethesda MinistriesonechildCO · FY2019$400,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$36.6M
Ln 12
Fees for servicesLn 2g$35.3M
Gifts and grantsLn 1h$711K
Investment incomeLn 3$384K
Money outPt IX
$32.2M
Ln 25
Programscol B$29.8M
Managementcol C$2.4M
Owns and owesPt X
$7.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$103.9M
LiabilitiesLn 26$96.3M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$711K
Government grantsLn 1e$695K
Fees for servicesLn 2g$35.3M
Investment incomeLn 3$384K
Other incomeLn 4–11$165K
Gains on assetsLn 7$163K
Total revenueLn 12$36.6M
Assets in detailPt X, end of year
CashLn 1$2.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$4.1M
Land, buildings, equipmentLn 10c$43.8M
Other assetsLn 15$53.1M
Total assetsLn 16$103.9M
LiabilitiesLn 26$96.3M
Net assetsLn 32$7.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.5M$2.1M
InvestmentsLn 11–13$5.0M$4.1M
Land, buildings, equipmentLn 10c$42.6M$43.8M
Total assetsLn 16$100.8M$103.9M
LiabilitiesLn 26$97.3M$96.3M
Net assetsLn 32$3.4M$7.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$423K$423K
Pay of current officers, directors and key staffLn 5$28K$28K
Other salaries and wagesLn 7$11.6M$11.6M
Pension plan contributionsLn 8$178K$178K
Other employee benefitsLn 9$882K$882K
Payroll taxesLn 10$951K$951K
Management feesLn 11a$2.2M$2.2M
Legal feesLn 11b$53K$53K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$16K$16K
Other fees for servicesLn 11g$3.3M$3.3M$45K
Advertising and promotionLn 12$540K$540K
Office expensesLn 13$2.2M$2.2M$14K
Information technologyLn 14$146K$146K
OccupancyLn 16$2.6M$2.5M$18K
TravelLn 17$53K$53K$22
Conferences, conventions and meetingsLn 19$36K$36K
InterestLn 20$2.3M$2.3M
Depreciation, depletion and amortizationLn 22$3.5M$3.5M$36K
InsuranceLn 23$1.1M$1.1M$4K
Other expenses (24a–d)Ln 24$164K$164K$46
Total functional expensesLn 25$32.2M$29.8M$2.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $38.2M$35.4M$2.8M$16.1M 990 PDF
FY2024 $35.8M$33.2M$2.6M$13.2M 990 PDF
FY2023 $33.6M$31.0M$2.6M$10.1M 990 PDF
FY2022 $33.6M$32.0M$1.6M$6.9M 990 PDF
FY2021 $30.6M$32.1M−$1.5M$6.2M 990 PDF
FY2020 Viewing $36.6M$32.2M$4.4M$7.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $36,578,331 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,310$711,403
I-9 Program service revenuePrior year $35,948,726$35,318,002
I-10 Investment incomePrior year $275,426$383,662
I-11 Other revenuePrior year $195,908$165,264
I-12 Total revenuePrior year $36,425,370$36,578,331
I-13 Grants and similar amounts paidPrior year $1,618,052$422,808
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,128,428$13,615,562
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,611,767$18,134,582
I-18 Total expensesPrior year $35,358,247$32,172,952
I-19 Revenue less expensesPrior year $1,067,123$4,405,379
Part VI · Governance 3 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $36,578,331 across 8 lines filed
Lines not itemized here account for $129,701 of total revenue; see the IRS return.
VIII-1e Government grants$694,987
VIII-1f All other contributions, gifts and grants$16,416
VIII-1h Total contributions, gifts and grants$711,403
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,266,674 · Excluded from tax $51,328$35,318,002
VIII-3 Investment incomeExcluded from tax $221,085$221,085
VIII-6 Net rental income or lossExcluded from tax $35,563$35,563
VIII-7 Net gain or loss on sales of assetsExcluded from tax $162,577$162,577
VIII-12 Total revenueRelated to mission $35,396,375 · Unrelated business $0 · Excluded from tax $470,553$36,578,331
Part IX · Statement of functional expenses $32,172,952 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $422,808$422,808
IX-5 Pay of current officers, directors and key staffManagement $28,500$28,500
IX-7 Other salaries and wagesPrograms $11,576,002$11,576,002
IX-8 Pension plan contributionsPrograms $178,170$178,170
IX-9 Other employee benefitsPrograms $882,095$882,095
IX-10 Payroll taxesPrograms $950,795$950,795
IX-11a Management feesManagement $2,169,857$2,169,857
IX-11b Legal feesPrograms $52,705$52,705
IX-11c Accounting feesManagement $20,596$20,596
IX-11f Investment management feesManagement $16,163$16,163
IX-11g Other fees for servicesPrograms $3,283,801 · Management $44,881$3,328,682
IX-12 Advertising and promotionPrograms $539,843$539,843
IX-13 Office expensesPrograms $2,159,993 · Management $13,679$2,173,672
IX-14 Information technologyPrograms $145,642$145,642
IX-16 OccupancyPrograms $2,545,382 · Management $18,101$2,563,483
IX-17 TravelPrograms $52,712 · Management $22$52,734
IX-19 Conferences, conventions and meetingsPrograms $35,652$35,652
IX-20 InterestPrograms $2,288,433$2,288,433
IX-22 Depreciation, depletion and amortizationPrograms $3,453,058 · Management $35,842$3,488,900
IX-23 InsurancePrograms $1,090,211 · Management $3,789$1,094,000
IX-24 Other expenses (24a–d)Programs $164,174 · Management $46$164,220
IX-25 Total functional expensesPrograms $29,821,476 · Management $2,351,476 · Fundraising $0$32,172,952
Part X · Balance sheet $103,912,333 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,482,361$2,107,018
X-4 Accounts receivableStart of year $349,134$273,872
X-8 Inventories for sale or useStart of year $38,805$40,399
X-9 Prepaid expenses and deferred chargesStart of year $417,185$463,572
X-10c Land, buildings and equipment, netStart of year $42,599,840$43,833,759
X-11 Publicly traded securitiesStart of year $4,622,897$3,249,890
X-12 Other securitiesStart of year $344,294$859,703
X-15 Other assetsStart of year $48,903,340$53,084,120
X-16 Total assetsStart of year $100,757,856$103,912,333
X-17 Accounts payable and accrued expensesStart of year $1,484,193$1,668,294
X-19 Deferred revenueStart of year $366,413$367,881
X-20 Tax-exempt bond liabilitiesStart of year $95,492,830$94,280,291
X-26 Total liabilitiesStart of year $97,343,436$96,316,466
X-27 Net assets without donor restrictionsStart of year $3,414,420$7,595,867
X-32 Total net assets or fund balancesStart of year $3,414,420$7,595,867
X-33 Total liabilities and net assetsStart of year $100,757,856$103,912,333
Part XI · Reconciliation of net assets $7,595,867 net assets at year end
XI-1 Total revenue$36,578,331
XI-2 Total expenses$32,172,952
XI-3 Revenue less expenses$4,405,379
XI-4 Net assets at start of year$3,414,420
XI-5 Net unrealized gains (losses) on investments−$223,932
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,595,867

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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