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Nonprofiteer
← ST FRANCIS LIFE CARE CORPORATION

Form 990-EZ for tax year 2022

Filed by ST FRANCIS LIFE CARE CORPORATION.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
not reported
Grants paid
not reported
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
not reported
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program service expenses (Part III)
$0

Mission and programs · 2022

Primary exempt purpose

ST. FRANCIS LIFE CARE CORPORATION WAS ORGANIZED TO PROVIDE RESIDENTIAL AND HEALTH CARE SERVICES TO ELDERLY PERSONS INCLUDING BUT NOT LIMITED TO HOUSING, HEALTH CARE AND NEED SUPPORT SERVICES. ST. FRANCIS LIFE CARE CORPORATION SOLD SUBSTANTIALLY ALL OF ITS ASSETS TO SPRINGPOINT SENIOR LIVING, INC. ON MAY 5, 2016 AND CEASED OPERATIONS.

  • ST. FRANCIS LIFE CARE CORPORATION (OPERATED AS FRANCISCAN OAKS) WAS A 501(C)(3) CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH 286 INDEPENDENT LIVING UNITS, 34 ASSISTED LIVING UNITS AND 84 SKILLED NURSING BEDS. FRANCISCAN OAKS OFFERED A VARIETY OF DIFFERENT PROGRAMS THAT WERE DESIGNED TO MEET THE PHYSICAL, EMOTIONAL, RECREATIONAL AND SOCIAL NEEDS OF THE ELDERLY. THE ORGANIZATION GAVE BACK TO THE COMMUNITY THROUGH SUCH PROGRAMS AS FOOD AND CLOTHING DRIVES. FRANCISCAN OAKS OPERATED AT THE LOWEST FEASIBLE COST WHILE TAKING INTO ACCOUNT CASH FLOW REQUIREMENTS SUCH AS PAYMENT OF INDEBTEDNESS. ITS ENTRANCE FEES AND MONTHLY CHARGES WERE SET AT RATES THAT WERE GENERALLY AFFORDABLE IN THE COMMUNITY, WITH CERTAIN ENTRANCE FEES BEING REFUNDABLE. THIS PRICING STRUCTURE ENSURED THAT FRANCISCAN OAKS REACHED THE BROADEST PORTION OF THE COMMUNITY POSSIBLE. FRANCISCAN OAKS WAS COMMITTED TO THE ESTABLISHED POLICY OF MAINTAINING, IN RESIDENCE, ANY PERSON WHO WAS UNABLE TO PAY THEIR REGULAR CHARGES BY USING THE ORGANIZATIONS OWN RESERVES OR SOLICITING FUNDS FROM ITS SPONSORING ORGANIZATION OR THE GENERAL PUBLIC. ST. FRANCIS LIFE CARE CORPORATION SOLD ITS ASSETS TO SPRINGPOINT SENIOR LIVING INC. ON MAY 5, 2016 AND CEASED OPERATIONS.

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

Listed in Part IV

  • Larry Schumacher

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Benjie Loanzon

    SYS SVP FINANCE & CORP CONTROLLER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Timmis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411319349202221

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