Bslc II FY2023 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 2011Human ServicesEIN 45-2666295Revenue $33.6M in FY2023

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.
98¢ of each $1 spent went to programs.
$2K 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

FY2023 · 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · <0.01% 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
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$92.5M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.6M
-0.1% vs prior year
Spent
$31.0M
To programs
98%
Net assets
$10.1M
By yearFY2020–FY2025
Revenue
$33.6M
FY2023-0.1%
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
$31.0M
FY2023▼ -3%
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
$10.1M
FY2023▲ +45%
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 FY2023 Form 990 (year ending September 2023) · 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

98 cents of each dollar spent went to programs.

Program services 98% · $30.4M Management & general 2% · $665K

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; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director
$2,375Pt VII · Sec A
Secretary & Director
$0Pt VII · Sec A
CFO, Treasurer & Director
$0Pt VII · Sec A
Vice President & Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Assistant Secretary
$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 · $30.4M · in their own filed words · FY2022
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 654 residents during the fiscal year ended 9/30/2023.

$30.4Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$33.6M
Ln 12
Fees for servicesLn 2g$33.1M
Gifts and grantsLn 1h$214K
Investment incomeLn 3$162K
Money outPt IX
$31.0M
Ln 25
Programscol B$30.4M
Managementcol C$665K
Owns and owesPt X
$10.1M
net assets · Ln 32
Cash and savingsLn 1–2$852K
Total assetsLn 16$102.5M
LiabilitiesLn 26$92.5M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Government grantsLn 1e$206K
Fees for servicesLn 2g$33.1M
Investment incomeLn 3$162K
Other incomeLn 4–11$101K
Gains on assetsLn 7−$148K
Total revenueLn 12$33.6M
Assets in detailPt X, end of year
CashLn 1$752K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$852K
InvestmentsLn 11–13$4.3M
Land, buildings, equipmentLn 10c$34.4M
Other assetsLn 15$62.4M
Total assetsLn 16$102.5M
LiabilitiesLn 26$92.5M
Net assetsLn 32$10.1M
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 FY23End FY23
Cash and savingsLn 1–2$140K$852K
InvestmentsLn 11–13$4.4M$4.3M
Land, buildings, equipmentLn 10c$36.7M$34.4M
Total assetsLn 16$100.4M$102.5M
LiabilitiesLn 26$93.5M$92.5M
Net assetsLn 32$6.9M$10.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Benefits paid to or for membersLn 4$0$0
Other salaries and wagesLn 7$14.0M$14.0M
Pension plan contributionsLn 8$181K$181K
Other employee benefitsLn 9$875K$875K
Payroll taxesLn 10$1.1M$1.1M
Management feesLn 11a$506K$506K
Legal feesLn 11b$62K$62K
Accounting feesLn 11c$23K$23K
Investment management feesLn 11f$25K$25K
Other fees for servicesLn 11g$1.2M$1.2M$14K$0
Advertising and promotionLn 12$604K$604K
Office expensesLn 13$2.8M$2.8M$2K
Information technologyLn 14$144K$144K
OccupancyLn 16$2.8M$2.8M$35K
TravelLn 17$71K$71K$118
Conferences, conventions and meetingsLn 19$46K$46K
InterestLn 20$1.8M$1.8M
Depreciation, depletion and amortizationLn 22$3.4M$3.4M$23K
InsuranceLn 23$1.2M$1.2M$11K
Other expenses (24a–d)Ln 24$122K$95K$27K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$31.0M$30.4M$665K$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 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $33,603,085 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,199,527$213,679
I-9 Program service revenuePrior year $31,217,868$33,126,625
I-10 Investment incomePrior year $91,502$161,617
I-11 Other revenuePrior year $134,378$101,164
I-12 Total revenuePrior year $33,643,275$33,603,085
I-13 Grants and similar amounts paidPrior year $3,389$7,530
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,691,874$16,129,939
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $18,335,246$14,911,741
I-18 Total expensesPrior year $32,030,509$31,049,210
I-19 Revenue less expensesPrior year $1,612,766$2,553,875
Part VI · Governance 5 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members5
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 $33,603,085 across 9 lines filed
VIII-1e Government grants$206,179
VIII-1f All other contributions, gifts and grants$7,500
VIII-1h Total contributions, gifts and grants$213,679
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,126,625$33,126,625
VIII-3 Investment incomeExcluded from tax $309,815$309,815
VIII-6 Net rental income or lossExcluded from tax $19,105$19,105
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$148,198−$148,198
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $82,059$82,059
VIII-12 Total revenueRelated to mission $33,208,684 · Unrelated business $0 · Excluded from tax $180,722$33,603,085
Part IX · Statement of functional expenses $31,049,210 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $7,530$7,530
IX-4 Benefits paid to or for membersPrograms $0$0
IX-7 Other salaries and wagesPrograms $13,981,993$13,981,993
IX-8 Pension plan contributionsPrograms $180,678$180,678
IX-9 Other employee benefitsPrograms $874,920$874,920
IX-10 Payroll taxesPrograms $1,092,348$1,092,348
IX-11a Management feesManagement $506,479$506,479
IX-11b Legal feesPrograms $62,195$62,195
IX-11c Accounting feesManagement $23,260$23,260
IX-11f Investment management feesManagement $24,748$24,748
IX-11g Other fees for servicesPrograms $1,156,222 · Management $13,872 · Fundraising $0$1,170,094
IX-12 Advertising and promotionPrograms $603,632$603,632
IX-13 Office expensesPrograms $2,843,158 · Management $1,947$2,845,105
IX-14 Information technologyPrograms $144,257$144,257
IX-16 OccupancyPrograms $2,809,930 · Management $34,638$2,844,568
IX-17 TravelPrograms $71,060 · Management $118$71,178
IX-19 Conferences, conventions and meetingsPrograms $46,382$46,382
IX-20 InterestPrograms $1,829,696$1,829,696
IX-22 Depreciation, depletion and amortizationPrograms $3,371,126 · Management $22,600$3,393,726
IX-23 InsurancePrograms $1,213,639 · Management $11,060$1,224,699
IX-24 Other expenses (24a–d)Programs $94,949 · Management $26,773$121,722
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $30,383,715 · Management $665,495 · Fundraising $0$31,049,210
Part X · Balance sheet $102,535,199 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $64,572$751,912
X-2 Savings and temporary cash investmentsStart of year $75,567$100,403
X-4 Accounts receivableStart of year $225,657$363,735
X-8 Inventories for sale or useStart of year $42,999$33,394
X-9 Prepaid expenses and deferred chargesStart of year $329,614$121,755
X-10c Land, buildings and equipment, netStart of year $36,708,219$34,429,643
X-11 Publicly traded securitiesStart of year $3,699,165$3,190,973
X-12 Other securitiesStart of year $676,138$1,135,360
X-15 Other assetsStart of year $58,556,867$62,408,024
X-16 Total assetsStart of year $100,378,798$102,535,199
X-17 Accounts payable and accrued expensesStart of year $1,384,175$1,318,789
X-19 Deferred revenueStart of year $347,151$242,776
X-20 Tax-exempt bond liabilitiesStart of year $91,725,779$90,392,450
X-25 Other liabilitiesStart of year $0$530,238
X-26 Total liabilitiesStart of year $93,457,105$92,484,253
X-27 Net assets without donor restrictionsStart of year $6,921,693$10,050,946
X-32 Total net assets or fund balancesStart of year $6,921,693$10,050,946
X-33 Total liabilities and net assetsStart of year $100,378,798$102,535,199
Part XI · Reconciliation of net assets $10,050,946 net assets at year end
XI-1 Total revenue$33,603,085
XI-2 Total expenses$31,049,210
XI-3 Revenue less expenses$2,553,875
XI-4 Net assets at start of year$6,921,693
XI-5 Net unrealized gains (losses) on investments$575,378
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,050,946

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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