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Nonprofiteer
← RAYMORE SENIOR CARE LLC

Form 990 for tax year 2022

Filed by RAYMORE SENIOR CARE LLC.

Totals

Total revenue
$22,580,377
Total expenses
$24,949,566
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,770,478
Investment income
$999
Other revenue
$2,808,900
Total assets, end of year
$8,676,315
Total liabilities, end of year
$37,507,734
Net assets or fund balances, end of year
-$28,831,419
Program services expenses (Part IX)
$21,456,040
Management and general expenses
$3,493,526
Fundraising expenses
$0
Program service expenses (Part III)
$21,456,040

Program services were 86.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: HEALTH CENTER

    total $8,671,772 · related or exempt $8,671,772

  • 2b · Program service revenue: INDEPENDENT LIVING

    total $7,259,512 · related or exempt $7,259,512

  • 2c · Program service revenue: ASSISTED LIVING

    total $1,653,919 · related or exempt $1,653,919

  • 2d · Program service revenue: EARNED ENTRANCE FEES

    total $1,436,892 · related or exempt $1,436,892

  • 2e · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $748,383 · related or exempt $748,383

  • 3 · Investment income

    total $999 · excluded $999

  • 11a · Other revenue: PPP LOAN FORGIVENESS

    total $1,975,000 · excluded $1,975,000

  • 11b · Other revenue: PROVIDER RELIEF FUNDS

    total $833,900 · excluded $833,900

  • 11e · Other revenue, total

    $2,808,900

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,000 · management and general $125,000

  • 7 · Other salaries and wages

    total $9,145,956 · program services $8,343,861 · management and general $802,095

  • 8 · Pension plan contributions

    total $40,451 · program services $36,406 · management and general $4,045

  • 9 · Other employee benefits

    total $1,721,199 · program services $1,549,079 · management and general $172,120

  • 10 · Payroll taxes

    total $771,136 · program services $694,022 · management and general $77,114

  • 11a · Fees: management

    total $1,326,207 · management and general $1,326,207

  • 11b · Fees: legal

    total $455 · program services $455

  • 11c · Fees: accounting

    total $41,169 · program services $41,169

  • 11g · Fees: other

    total $2,292,251 · program services $2,253,882 · management and general $38,369

  • 12 · Advertising and promotion

    total $77,570 · program services $69,813 · management and general $7,757

  • 13 · Office expenses

    total $50,227 · program services $45,202 · management and general $5,025

  • 14 · Information technology

    total $232,376 · program services $209,138 · management and general $23,238

  • 16 · Occupancy

    total $5,700,930 · program services $5,130,836 · management and general $570,094

  • 17 · Travel

    total $52,243 · program services $47,019 · management and general $5,224

  • 20 · Interest

    total $208,933 · program services $188,040 · management and general $20,893

  • 22 · Depreciation, depletion and amortization

    total $135,384 · program services $121,846 · management and general $13,538

  • 23 · Insurance

    total $650,764 · program services $585,688 · management and general $65,076

  • 24a · Other expenses: FOOD EXPENSES

    total $1,096,003 · program services $986,403 · management and general $109,600

  • 24b · Other expenses: MEDICAL SERVICES AND SU

    total $718,098 · program services $646,288 · management and general $71,810

  • 24c · Other expenses: SUPPLIES

    total $470,734 · program services $423,661 · management and general $47,073

  • 24d · Other expenses: EMPLOYEE EXPENSES

    total $44,876 · program services $40,388 · management and general $4,488

  • 24e · All other expenses

    total $47,604 · program services $42,844 · management and general $4,760

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,976 · end of year $221,341

  • 2 · Savings and temporary cash investments

    beginning of year $1,853,810 · end of year $1,853,810

  • 4 · Accounts receivable

    beginning of year $555,573 · end of year $594,916

  • 8 · Inventories for sale or use

    beginning of year $30,466 · end of year $33,374

  • 9 · Prepaid expenses and deferred charges

    beginning of year $383,893 · end of year $272,770

  • 10a · Land, buildings and equipment: cost or other basis

    $961,114

  • 10b · Land, buildings and equipment: accumulated depreciation

    $135,384

  • 10c · Land, buildings and equipment, net

    beginning of year $1,770,111 · end of year $825,730

  • 15 · Other assets

    beginning of year $780,892 · end of year $4,874,374

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,624,999 · end of year $1,866,655

  • 19 · Deferred revenue

    beginning of year $9,874,481 · end of year $9,040,746

  • 21 · Escrow or custodial account liability

    end of year $2,622

  • 23 · Secured mortgages and notes payable

    beginning of year $4,362,708 · end of year $3,500,000

  • 24 · Unsecured notes and loans payable

    beginning of year $2,895,000 · end of year $3,571,766

  • 25 · Other liabilities

    beginning of year $13,382,763 · end of year $19,525,945

  • 27 · Net assets without donor restrictions

    beginning of year -$26,712,230 · end of year -$28,831,419

Mission and programs · 2022

Mission

SEE SCHEDULE O.RAYMORE SENIOR CARE, LLC (DBA FOXWOOD SPRINGS) OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING A CONTINUUM OF CARE INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING CARE FACILITIES. FOXWOOD SPRINGS PROVIDES ACTIVITIES AND PROGRAMS THAT PROMOTE THE PHYSICAL HEALTH, EMOTIONAL HEALTH, BEHAVIORAL HEALTH, WELLNESS, AND SOCIAL WELL-BEING OF THE INDIVIDUALS, FAMILIES, COMMUNITIES, AND POPULATIONS SERVED.

Activities or mission (Part I)

SEE SCHEDULE O.OPERATING FOXWOOD SPRINGS SENIOR LIVING COMMUNITY LOCATED AT 1500 W. FOXWOOD DRIVE, RAYMORE, MISSOURI 64083 IN THE KANSAS CITY, MISSOURI METROPOLITAN AREA (THE COMMUNITY) WHICH PROVIDES PERSONS 55 AND OLDER WITH A CONTINUUM OF CARE INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING CARE. THE COMMUNITY HAS 127 APARTMENTS, 77 EQUITY HOMES, AND 169 GARDEN HOMES, ALL OF WHICH ARE DESIGNED SPECIFICALLY FOR OLDER ADULTS, A SKILLED NURSING FACILITY WITH 108 LICENSED SKILLED BEDS (58 FOR LONG-TERM CARE, 30 FOR ALZHEIMER'S AND 20 DEDICATED TO SHORT-TERM REHAB STAYS), AND A 42 BED ASSISTED LIVING FACILITY.

  • FOXWOOD SPRINGS IS A CONTINUING CARE RETIREMENT COMMUNITY CONSISTING OF 127 INDEPENDENT LIVING APARTMENT UNITS, 169 INDEPENDENT LIVING GARDEN HOMES, 108 LICENSED ASSISTED LIVING AND MEMORY CARE BEDS, A 42-BED LICENSED SKILLED NURSING FACILITY. THERE ARE ADDITIONAL 77 GARDEN HOMES ON THE CAMPUS OWNED OUTRIGHT BY THE RESIDENTS. THE GARDEN HOME RESIDENT HOMEOWNERS PAY MONTHLY FEES FOR LIMITED SERVICES AND HAVE ELIGIBILITY FOR PREFERENTIAL ADMITTANCE TO THE SKILLED NURSING FACILITY. CONTINUED ON SCHEDULE O.UNDER THE CONTINUING CARE CONCEPT, RESIDENTS ENTER INTO AN OCCUPANCY AGREEMENT, WHICH REQUIRES PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THESE PAYMENTS ENTITLE RESIDENTS TO THE USE AND PRIVILEGES OF THE COMMUNITY FOR LIFE, INCLUDING CERTAIN DISCOUNTED PRICING FOR ASSISTED LIVING OR SKILLED NURSING SERVICES. THE OCCUPANCY AGREEMENT DOES NOT ENTITLE THE RESIDENTS TO AN INTEREST IN THE REAL ESTATE OR ANY PROPERTY OF THE RETIREMENT COMMUNITY.

    Expenses $21,456,040 · Revenue $19,770,478

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • THOMAS WILLIAM BAKER

    CEO/CHAIR

    Total calculated
    $36,000
    From this org
    $0
    From related orgs
    $36,000
    Other
    $0
    Hours/week
    4 + 36 related

  • MAURICE M ROSENBAUM

    DIRECTOR

    Total calculated
    $24,000
    From this org
    $0
    From related orgs
    $24,000
    Other
    $0
    Hours/week
    2 + 13 related

  • FRANK E CORRIGAN JR

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $0
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    1 + 2 related

  • BRIANNE FOSTER

    EXECUTIVE DIRECTOR

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JOYCE LEFFERT

    HEALTH CENTER ADMINISTRATOR

    Total calculated
    $110,356
    From this org
    $110,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
4 December 2023
IRS schema version
2022v5.0
Source object
202313389349300511

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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