Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $7,511,252

• 1f · All other contributions, gifts and grants

  $246,033

• 2a · Program service revenue: RESIDENT SERVICES

  total $31,717,839 · related or exempt $31,717,839

• 3 · Investment income

  total $740,942 · excluded $740,942

• 11a · Other revenue: SETTLEMENT FUNDS

  total $237,716 · excluded $237,716

• 11b · Other revenue: CONCESSIONS

  total $81,431 · excluded $81,431

• 11c · Other revenue: REFUNDS & REBATES

  total $30,224 · excluded $30,224

• 11d · All other revenue

  total $20,806 · excluded $20,806

• 11e · Other revenue, total

  $370,177

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $862,631 · program services $862,631

• 7 · Other salaries and wages

  total $11,121,287 · program services $10,898,861 · management and general $222,426

• 8 · Pension plan contributions

  total $114,403 · program services $112,115 · management and general $2,288

• 9 · Other employee benefits

  total $1,511,340 · program services $1,481,113 · management and general $30,227

• 10 · Payroll taxes

  total $837,013 · program services $820,273 · management and general $16,740

• 11a · Fees: management

  total $1,987,800 · management and general $1,987,800

• 11b · Fees: legal

  total $3,012 · management and general $3,012

• 11c · Fees: accounting

  total $7,500 · management and general $7,500

• 11g · Fees: other

  total $4,399,960 · program services $4,326,747 · management and general $73,213

• 12 · Advertising and promotion

  total $1,229,559 · program services $1,229,559

• 13 · Office expenses

  total $148,935 · program services $25,517 · management and general $123,418

• 14 · Information technology

  total $73,401 · program services $3,852 · management and general $69,549

• 16 · Occupancy

  total $2,705,029 · program services $2,665,309 · management and general $39,720

• 17 · Travel

  total $54,907 · program services $44,901 · management and general $10,006

• 19 · Conferences, conventions and meetings

  total $4,655 · management and general $4,655

• 20 · Interest

  total $9,971,780 · program services $9,971,780

• 22 · Depreciation, depletion and amortization

  total $5,689,779 · program services $5,688,060 · management and general $1,719

• 23 · Insurance

  total $454,269 · program services $426,409 · management and general $27,860

• 24a · Other expenses: FOOD COST

  total $2,229,658 · program services $2,158,432 · management and general $71,226

• 24b · Other expenses: MEDICAL COST

  total $700,443 · program services $700,443

• 24c · Other expenses: RESIDENT ACTIVITIES

  total $535,287 · program services $535,287

• 24d · Other expenses: BAD DEBT EXPENSE

  total $199,761 · program services $199,761

• 24e · All other expenses

  total $340,999 · program services $247,471 · management and general $93,528

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,276,915 · end of year $1,876,470

• 2 · Savings and temporary cash investments

  beginning of year $5,102,474 · end of year $6,506,772

• 4 · Accounts receivable

  beginning of year $966,710 · end of year $871,557

• 8 · Inventories for sale or use

  beginning of year $47,854 · end of year $49,337

• 9 · Prepaid expenses and deferred charges

  beginning of year $105,740 · end of year $156,210

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

  $202,520,297

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

  $28,882,658

• 10c · Land, buildings and equipment, net

  beginning of year $174,448,805 · end of year $173,637,639

• 15 · Other assets

  beginning of year $14,813,638 · end of year $15,882,288

• 17 · Accounts payable and accrued expenses

  beginning of year $2,495,224 · end of year $2,671,153

• 20 · Tax-exempt bond liabilities

  beginning of year $143,376,097 · end of year $142,630,109

• 21 · Escrow or custodial account liability

  end of year $19,504

• 25 · Other liabilities

  beginning of year $134,474,057 · end of year $140,691,510

• 27 · Net assets without donor restrictions

  beginning of year -$82,583,242 · end of year -$87,052,293

• 28 · Net assets with donor restrictions

  end of year $20,290

The filer's explanations (Part III)

PART I, LINE 3

THE PRESIDENT/CEO OF BSL IS EMPLOYED BY BUCKNER INTERNATIONAL, A RELATED 501(C)(3) ORGANIZATION. BUCKNER INTERNATIONAL USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE PRESIDENT/CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - FORM 990 OF OTHER ORGANIZATIONS - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF BUCKNER INTERNATIONAL IS RESPONSIBLE FOR EVALUATING THE PERFORMANCE OF AND SETTING THE COMPENSATION FOR THE PRESIDENT/CEO OF BUCKNER INTERNATIONAL ON AN ANNUAL BASIS. THE EVALUATION IS BASED ON PERFORMANCE CRITERIA AND AGREED UPON GOALS AND INCLUDES A WRITTEN SELF-EVALUATION BY THE PRESIDENT/CEO, AS WELL AS INVITED COMMENTS FROM BOARD MEMBERS WHO REVIEW THE SELF-EVALUATION. THE EXECUTIVE COMMITTEE REPORTS ON ITS REVIEW TO THE BOARD, INCLUDING RECOMMENDATIONS REGARDING THE PRESIDENT/CEO'S COMPENSATION, WHICH THE BOARD THEN ACTS UPON. DURING THIS PROCESS, AGREED UPON PERFORMANCE GOALS ARE SET FOR THE NEXT YEAR AND ARE FORMALLY DOCUMENTED. AT LEAST EVERY THREE YEARS, A TASK FORCE MAY BE FORMED TO CONDUCT A CAREFULLY PLANNED COMPREHENSIVE REVIEW, WHICH MAY INCLUDE INVITING FEEDBACK FROM STAFF, PEERS IN BUCKNER INTERNATIONAL'S SECTOR, AND INDIVIDUALS OUTSIDE THE ORGANIZATION WHO HAVE INTERACTED WITH THE PRESIDENT/CEO.

PART I, LINE 4B

THE 457(F) PLAN IS A DEFERRED COMPENSATION PLAN THAT ALLOWS BUCKNER TO CONTRIBUTE MONEY ON A PRE-TAX BASIS INTO INVESTMENTS THAT PROVIDE KEY EXECUTIVES WITH A RETIREMENT BENEFIT. ALL CONTRIBUTIONS REMAIN AN ASSET OF THE ORGANIZATION UNTIL DISTRIBUTED. DR. ALBERT REYES $73,894 CHARLIE WILSON $35,000 JEFFREY GENTRY $34,000 PRISCILLA REIMER $29,500 MICHAEL OLMSTEAD $11,500 RICHARD MUNOZ $10,173 KAYLA COLEMAN $10,000

PART I, LINE 5

THE ORGANIZATION PAID COMMISSIONS BASED ON OCCUPANCY, UNIT SALES (RESERVATION DEPOSITS AND MOVE-INS), AND ACHIEVEMENT OF PERFORMANCE TARGETS. IT WAS DIRECTLY TIED TO REVENUE-GENERATING ACTIVITIES AND OUTCOMES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SPV CONCESSIONS LLC

  CONCESSION SALES · TX · income $98,314 · assets $31,039

  Directly controlled by BUCKNER SENIOR LIVING INC