Totals
- Total revenue
- $263,945
- Total expenses
- $103,683
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $255,000
- Investment income
- $8,945
- Other revenue
- $0
- Total assets, end of year
- $380,372
- Total liabilities, end of year
- $825
- Net assets or fund balances, end of year
- $379,547
- Program services expenses (Part IX)
- $60,492
- Management and general expenses
- $43,191
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $60,492
Program services were 58.3% 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: MANAGEMENT OVERSIGHT F
total $255,000 · related or exempt $255,000
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $8,945 · excluded $8,945
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $29,668 · management and general $29,668
-
11c · Fees: accounting
total $13,523 · management and general $13,523
-
11g · Fees: other
total $3,712 · program services $3,712 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $431 · program services $431
-
13 · Office expenses
total $4,052 · program services $4,052
-
14 · Information technology
total $12,903 · program services $12,903
-
16 · Occupancy
total $4,941 · program services $4,941
-
17 · Travel
total $20,196 · program services $20,196
-
19 · Conferences, conventions and meetings
total $12,083 · program services $12,083
-
20 · Interest
total $29 · program services $29
-
23 · Insurance
total $723 · program services $723
-
24a · Other expenses: OTHER EXPENSES
total $1,055 · program services $1,055
-
24b · Other expenses: MEALS AND ENTERTAINMENT
total $367 · program services $367
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $219,463 · end of year $245,290
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,042
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $2,042
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $133,040
-
17 · Accounts payable and accrued expenses
beginning of year $178 · end of year $825
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $219,285 · end of year $379,547
Mission and programs · 2024
Mission
BONCREST IS A TAX-EXEMPT ORGANIZATION FORMED FOR THE PURPOSE OF OWNING AND OPERATING HEALTHCARE PROVIDERS INCLUDING; SKILLED NURSING FACILITIES, HOSPITALS, ASSISTED LIVING, SENIOR HOUSING FACILITIES, AND OTHERWISE PURSUING OPPORTUNITIES FOR TAX-EXEMPT ORGANIZATIONS IN RESPONSE TO A CHANGING HEALTHCARE ECONOMY.
Activities or mission (Part I)
BONCREST IS A TAX-EXEMPT ORGANIZATION FORMED FOR THE PURPOSE OF OWNING AND OPERATING HEALTHCARE PROVIDERS.
-
THE SPECIFIC PURPOSES OF THE CORPORATION INCLUDE, WITHOUT LIMITATION, A BROAD RANGE OF 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 BY THE CORPORATION, WHICH CHARITABLE PURPOSES MAY BE ACCOMPLISHED THROUGH VARIOUS MEANS, INCLUDING WITHOUT LIMITATION, THE DEVELOPMENT, CONSTRUCTION, OWNERSHIP, MANAGEMENT OVERSIGHT, OPERATION, AND DISPOSITION OF THE FOLLOWING: HOSPITAL FACILITIES; SKILLED-NURSING FACILITIES; INTERMEDIATE-CARE FACILITIES; PEDIATRIC FACILITIES; ASSISTED-LIVING FACILITIES; INDEPENDENT-LIVING FACILITIES; FACILITIES FOR THE DEVELOPMENTALLY DISABLED; CONTINUING-CARE FACILITIES; CONGREGATE-CARE FACILITIES; OTHER TYPES OF SENIOR CARE AND HOUSING FACILITIES; INNOVATIVE HEALTHCARE DELIVERY MODELS AND SYSTEMS THAT CAN PROVIDE SERVICES UNDER COORDINATED CARE PAYMENT MODELS SUCH AS ACCOUNTABLE CARE ORGANIZATIONS AND OTHER ENTITIES THAT PROMOTE QUALITY OF CARE FOR INDIVIDUALS, BETTER HEALTH FOR POPULATIONS, AND CONTAINMENT OF HEALTHCARE COSTS; HOUSING FOR SENIOR, STUDENT, OR SIMILAR LIVING; AND OTHER TYPES OF INPATIENT, OUTPATIENT, AND HOUSING FACILITIES THROUGH WHICH SUCH ACTIVITIES AND PROGRAMS MAY BE PURSUED.
Expenses $60,492 · Revenue $255,000
As filed on the 2024 return.
Listed in Part VII
-
Amelia Waller Baker JDAMELIA WALLER BAKER JD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 8 related
-
Maurice RosenbaumMAURICE ROSENBAUM
CEO/CHAIRMAN
- Total calculated
- $0
- Hours/week
- 11 + 29 related
-
Frank CorriganFRANK CORRIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 8 related
-
Simran SinghSIMRAN SINGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 6 related
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.
-
RAYMORE SENIOR CARE LLC DBA FOXWOOD SPRINGS
501(c)(3) · SENIOR LIVING FACILITY · DE · controlled entity
Directly controlled by BONCREST RESOURCE GROUP INC
-
INDIANAPOLIS SENIOR CARE LLC DBA ROBIN RUN
501(c)(3) · SENIOR LIVING OPERATOR · DE · controlled entity
Directly controlled by BONCREST RESOURCE GROUP INC
-
501(c)(3) · SENIOR LIVING FACILITY · DE · controlled entity
Directly controlled by BONCREST RESOURCE GROUP INC
-
501(c)(3) · SENIOR LIVING FACILITY · DE · controlled entity
Directly controlled by BONCREST RESOURCE GROUP INC
-
501(c)(3) · SENIOR LIVING FACILITY · DE · controlled entity
Directly controlled by BONCREST RESOURCE GROUP INC
-
501(c)(3) · PROVIDING SUPPORT TO BONCREST RESOURCE GROUP AND AFFILIATES · GA · controlled entity
Directly controlled by BONCREST RESOURCE GROUP INC
-
501(c)(3) · SENIOR LIVING FACILITY · DE · controlled entity
Directly controlled by BONCREST RESOURCE GROUP INC
-
501(c)(3) · PROVIDING SUPPORT TO BONCREST RESOURCE GROUP AND AFFILIATES · PA · controlled entity
Directly controlled by BONCREST FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202523179349309037
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