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Bslc Ii

Bethesda Senior Living Communities

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452666295 ✦ Colorado springs, CO ✦ Designated as a 501(c)(3)

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Overview

What is Bslc Ii?

Bslc II is a nonprofit organization, named Bethesda Senior Living Communities, dedicated to the development and operation of tax-exempt assisted living communities, independent living communities, and memory care facilities for seniors in Colorado, Texas, and Missouri. Their mission is to enrich the physical, emotional, and spiritual health of seniors in a nurturing environment. They served an average of 619 residents during the fiscal year ended September 30, 2022. The organization aims to expand its outreach and services to more communities through expansion, acquisition, management contracts, and programming.


Official website here: www.bethesdaseniorliving.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.

BSLC II has received a two-star rating from Charity Navigator, indicating a fair performance primarily based on its accountability and finance practices. The organization excels in certain areas, such as having a solid program expense ratio and maintaining effective financial oversight, reflected in high scores for their audit practices and policies. However, the absence of independent board members significantly impacts its overall score and raises questions about governance.

While BSLC II demonstrates strong programmatic spending, the low score in the liabilities to assets ratio suggests potential financial instability, as indicated by a high percentage of liabilities. Additionally, the organization did not post its tax form on its website, which detracts from transparency efforts. Despite these challenges, the presence of robust policies for conflict of interest and whistleblower protections indicates a commitment to ethical operations.

In summary, while BSLC II shows strengths in program spending and financial oversight, it faces limitations regarding governance structure and overall financial health. The organization might benefit from enhancing its board independence and improving transparency to secure a better rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Bslc Ii legitimate?

Bslc Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bslc Ii submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $9,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,703,251

For more financial information, click here


Official website here: www.bethesdaseniorliving.com

What is the mission statement of Bslc Ii?

Bslc II is dedicated to enhancing the overall well-being of seniors by focusing on their physical, emotional, and spiritual health. In a supportive and nurturing environment, this organization strives to improve the lives of seniors. Their vision extends beyond their current reach, aiming for outreach and service expansion to various communities. Through the operation of assisted living communities, independent living communities, and memory care facilities, Bslc II cares for a significant number of seniors.


Official website here: www.bethesdaseniorliving.com

Who is the CEO of Bslc Ii?

Dana Rasic is the President & Director of Bslc Ii.


Official website here: www.bethesdaseniorliving.com

What is the revenue of Bslc Ii?

Bslc Ii's revenue in 2022 was $33,643,275.


Official website here: www.bethesdaseniorliving.com

Who are the executives of Bslc Ii and what are their salaries?

There 14 volunteers at Bslc Ii.


Here are 16 key members and their salaries:


Dana Rasic (President & Director)
  • Compensation: $0
  • Related: $334,716
  • Other: $34,331
Nathan Merrill (Cfo, Treasurer & Director)
  • Compensation: $0
  • Related: $249,122
  • Other: $34,070
Rick Summers (Vice President & Director)
  • Compensation: $0
  • Related: $235,196
  • Other: $20,773
Joshua Thomas (Vp Of Strategy & Development)
  • Compensation: $0
  • Related: $165,168
  • Other: $15,865
Andrew Mccormick (Regional Director Of Operations)
  • Compensation: $0
  • Related: $136,819
  • Other: $26,558
Kris Gillen (Vp Of Sales & Marketing)
  • Compensation: $0
  • Related: $156,710
  • Other: $5,112
Willam Schwingen (Regional Director Of Operations)
  • Compensation: $0
  • Related: $136,596
  • Other: $24,067
Bryan Beamer (Vp Construction)
  • Compensation: $0
  • Related: $127,073
  • Other: $4,322
Michelle Ingerson (Vp Health Services)
  • Compensation: $0
  • Related: $130,246
  • Other: $13,259
Jenny Kennedy (Secretary & Director)
  • Compensation: $0
  • Related: $120,014
  • Other: $13,629
Austin Harbach (Assistant Secretary)
  • Compensation: $0
  • Related: $79,393
  • Other: $12,188
Dale Turner (Director)
  • Compensation: $28,500
  • Related: $28,500
  • Other: $3,483
Don Morgan (Director)
  • Compensation: $0
  • Related: $57,000
  • Other: $3,385
Daniel Vagle (Director)
  • Compensation: $0
  • Related: $57,000
  • Other: $3,609
Larry Smith (Director)
  • Compensation: $0
  • Related: $30,875
  • Other: $827
Tom Workman (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bethesdaseniorliving.com

Where can I find the form 990 for Bslc Ii?

Bslc Ii's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bethesdaseniorliving.com

Learn more at the official website: www.bethesdaseniorliving.com

Mission Statement of Bslc Ii

Bslc II, a dedicated nonprofit organization, strives to enhance the well-being of seniors by focusing on their physical, emotional, and spiritual health. In a compassionate and supportive environment, Bslc II aims to bring about positive change in the lives of seniors. With a clear vision to reach out to more communities, the organization aspires to expand its services through various means, including acquisition, management contracts, and programming.

Bslc II's mission is two-fold. First, it seeks to serve seniors by catering to their various needs in a nurturing environment. By offering assisted living communities, independent living communities, and memory care facilities, Bslc II provides seniors with essential care and companionship, ensuring their overall well-being. Second, Bslc II is driven by a desire to make a difference in as many communities as possible. With the vision to expand its reach, the organization is committed to touching the lives of seniors in various locations, ultimately enriching their lives and contributing to their overall happiness and fulfillment.

Bslc II's dedication to its cause is evident in its commitment to caring for an average of 619 residents during the previous fiscal year. Through its diverse range of services and unwavering support, Bslc II plays a vital role in enhancing the lives of seniors, fostering a sense of community and belonging, and promoting their overall health and happiness.

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Impact




October, 2024

Bslc II significantly enhances the lives of seniors by focusing on their physical, emotional, and spiritual well-being. Through the development and operation of assisted living communities, independent living facilities, and memory care centers across Colorado, Texas, and Missouri, Bslc II provides essential support and services to an average of 619 residents annually.

By fostering a nurturing environment, Bslc II not only addresses the immediate care needs of seniors but also promotes their overall health and happiness. The organization's commitment to expanding its outreach ensures that more communities can benefit from their tailored programs. Through strategic efforts in expansion, acquisition, and management, Bslc II aims to enrich the lives of seniors, creating a lasting impact in the communities they serve.




This information is meant to be a general summary of Bslc Ii. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$33,643,275 (2022)
Expenses
$32,030,509 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $91,502
  • Program Service Revenue: $31,217,868
  • Gross Receipts: $37,563,174

Assets and Liabilities:

  • Total Assets: $100,378,798
  • Total Liabilities: $93,457,105
  • Net Assets: $6,921,693

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Assisted Living

Revenue

$30,561,702

Community Fees

Revenue

$656,166

Organization Details

Founding Year

2011

Principal Officer

Dana Rasic

Main Address

15475 Gleneagle Drive, Colorado Springs, CO, 80921

NTEE Category

Code: P75 - Human services

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