Raymore Senior Care Llc
- Assets
- $5.4m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 296
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2021
- EIN
- 86-3022330
Organization Overview
Raymore Senior Care Llc, operating under the name Foxwood Springs, is located in Atlanta, GA. As of 12/2021, Foxwood Springs employed 296 individuals. Foxwood Springs is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Smith Administration | 40 | $121,801 | |
Brian Petersen Administration | 40 | $105,961 | |
Joyce Leffert Administration | 40 | $101,634 | |
Thomas William Baker Manager/director | OfficerTrustee | 1 | $0 |
Maurice M Rosenbaum Director | Trustee | 1 | $0 |
Frank E Corrigan Jr Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Er Senior Management Llc Operational Management | 12/30/21 | $554,721 |
Foxwood Springs Management Llc Operational Management | 12/30/21 | $169,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,831,569 |
| Investment income | $1,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,833,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,357,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $811,571 |
| Payroll taxes | $543,975 |
| Fees for services: Management | $724,297 |
| Fees for services: Legal | $3,514 |
| Fees for services: Accounting | $22,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,411 |
| Advertising and promotion | $186,965 |
| Office expenses | $3,887 |
| Information technology | $160,154 |
| Royalties | $0 |
| Occupancy | $3,360,709 |
| Travel | $91,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,911 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $392,429 |
| All other expenses | $792,423 |
| Total functional expenses | $15,431,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,976 |
| Savings and temporary cash investments | $1,853,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $555,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,466 |
| Prepaid expenses and deferred charges | $383,893 |
| Net Land, buildings, and equipment | $1,770,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $780,892 |
| Total assets | $5,427,721 |
| Accounts payable and accrued expenses | $1,624,999 |
| Grants payable | $0 |
| Deferred revenue | $9,874,481 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,362,708 |
| Unsecured mortgages and notes payable | $2,895,000 |
| Other liabilities | $13,382,763 |
| Total liabilities | $32,139,951 |
| Net assets without donor restrictions | -$26,712,230 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,427,721 |
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