2024-11-13T09:33:43-06:00 2023-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2023-01-01 383375365 BARUCH SLS INC BARU 6167195100 3196 KRAFT AVE SE 203 GRAND RAPIDS MI 49512 MITCHELL A MCNEAL PRESIDENT & CEO 6167195100 2024-11-12 1 1 AMY CIMINELLO P00796388 2695674500 2024-11-12 2023 2024-10-15 13:58:12Z BARUCH SENIOR MINISTRIES MITCHELL A MCNEAL 3196 KRAFT AVE SE 203 GRAND RAPIDS MI 49512 51065361 0 X HTTP://BARUCHSLS.ORG/ X 1997 MI BARUCH SENIOR MINISTRIES SEEKS TO HONOR GOD BY SERVING PEOPLE AS THEY AGE. 6 6 2247 330 0 0 8831233 198800 42539470 47735129 36687 1139088 981230 1964649 52388620 51037666 0 0 0 0 30830220 34679010 0 0 0 14615344 16766905 45445564 51445915 6943056 -408249 84747311 89656487 61248306 70100833 23499005 19555654 BARUCH SENIOR MINISTRIES SEEKS TO HONOR GOD BY SERVING PEOPLE AS THEY AGE. 0 0 43917236 0 47735129 PROVIDE RETIREMENT HOME HEALTH SERVICES AND OTHER SENIOR LIFESTYLE SERVICES FOR THE ELDERLY WHO CANNOT AFFORD SIMILAR CARE IN OTHER FACILITIES. THE ORGANIZATION CONSISTS OF 34 COMMUNITIES, WHICH PROVIDE ASSISTED LIVING AND MEMORY CARE SERVICES TO ELDERLY RESIDENTS THROUGHOUT MICHIGAN. THE COMMUNITIES CONSIST OF 1,262 ASSISTED LIVING UNITS, OF WHICH 930 ARE SUPPORTIVE CARE AND 332 ARE MEMORY CARE. IN ADDITION, STAFF OF THE ORGANIZATION MANAGE AN ASSISTED LIVING CENTER IN HALE, MICHIGAN, TOTALING 32 UNITS. 43917236 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 140 0 1 2247 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MI X MITCHELL A MCNEAL 6167195100 3196 KRAFT AVE SE SUITE 203 GRAND RAPIDS MI 49512 DAVE KOETJE CHAIRMAN 1.00 0.50 X X 0 0 0 SCOTT ZYLSTRA SECRETARY/TREASURER 1.00 0.50 X X 0 0 0 CHRIS AGUILAR DIRECTOR 0.50 0.50 X 0 0 0 ADAM DEVEREAUX DIRECTOR 0.50 0.50 X 0 0 0 KHAN NEED MD DIRECTOR 0.50 0.50 X 0 0 0 KEVIN HUSS DIRECTOR 0.50 0.50 X 0 0 0 MITCHELL A MCNEAL PRESIDENT & CEO 40.00 0.50 X 200015 0 30635 CONNIE CLAUSON CHIEF OPERATING OFFICER 40.00 0.50 X 198744 0 30635 THOMAS J NOBEL FOUNDER & EXECUTIVE CHAIRMAN 20.00 0.50 X 193540 0 0 JAMES V TEW III CHIEF FINANCIAL OFFICER 40.00 0.50 X 166510 0 14341 758809 0 75611 4 0 1 0 0 34624 164176 198800 RESIDENT SERVICE REVENUE 623000 47600105 47600105 MGMT FEES FOR NONPROFIT AFFILIATE 623000 110425 110425 MANAGEMENT FEES 623000 24599 24599 47735129 1139088 1139088 72464 34624 27695 44769 44769 BEAUTY SHOP REVENUE 623000 45697 45697 INCONTINENT SUPPLY REV 623000 21879 21879 MISC MEDICAL SUPPLIES REV 623000 8489 8489 1843815 1843815 1919880 51037666 47735129 0 3103737 834419 701170 133249 29057882 24417609 4640273 146401 123022 23379 2420555 2207966 212589 2219753 2024800 194953 80976 80976 77322 77322 545851 337160 208691 131504 100551 30953 852381 651752 200629 557489 426270 131219 1661466 1648305 13161 195895 149786 46109 2965673 2965673 2950751 2894936 55815 874481 798231 76250 RAW FOOD 2491516 1905075 586441 REPAIRS & MAINTENANCE 1346363 1346363 SUPPLIES 1167400 892623 274777 DUES AND SUBSCRIPTIONS 140522 107447 33075 727315 218497 508818 51445915 43917236 7528679 0 4257401 14038601 11892933 1974263 47961 181390 98415010 26140767 67418476 72274243 1130540 1187990 84747311 89656487 1607132 2356478 185553 322562 1699645 1468457 56983866 65202132 772110 751204 61248306 70100833 X 23449005 19505654 50000 50000 23499005 19555654 84747311 89656487 X -408249 -3535102 X X 0 1 X 1 1 1 X 133327 1171615 8414312 8831233 198800 18749287 40456845 39022310 37235145 42539470 47624704 206878474 46968 50027 31465 39166 72464 240090 40637140 40243952 45680922 51409869 47895968 225867851 344020 152547 496567 0 344020 152547 496567 225371284 75368 30101 9245 36687 1139088 1290489 75368 30101 9245 36687 1139088 1290489 358965 468572 951772 978749 1919880 4677938 41071473 40742625 46641939 52425305 50954936 231836278 0.97210 0.98210 0.00560 0.00070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 358,965. 2020 AMOUNT: $ 468,572. 2021 AMOUNT: $ 951,772. 2022 AMOUNT: $ 978,749. 2023 AMOUNT: $ 1,919,880. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6675540 6675540 76116875 17115634 59001241 6262418 2927614 3334804 7302047 5408183 1893864 2058130 689336 1368794 72274243 INTEREST RATE SWAP OBLIGATION 363149 OPERATING LEASE LIABILITIES 388055 751204 BIKING FOR BARUCH 46145 20145 26000 3500 175 150 363 WING-A-THON 17079 14479 2600 2393 18 43864 43864 21114 107088 34624 72464 5893 175 150 21477 27695 44769 X X 0 0 0 0 0 0 0 1 0 MITCHELL A MCNEAL PRESIDENT & CEO 176975 0 23040 0 0 0 0 0 30635 0 230650 0 0 0 CONNIE CLAUSON CHIEF OPERATING OFFICER 176079 0 22665 0 0 0 0 0 30635 0 229379 0 0 0 THOMAS J NOBEL FOUNDER & EXECUTIVE CHAIRMAN 193540 0 0 0 0 0 0 0 0 0 193540 0 0 0 JAMES V TEW III CHIEF FINANCIAL OFFICER 139838 0 26672 0 0 0 0 0 14341 0 180851 0 0 0 PART I, LINE 7 THE BOARD APPROVES MITCHELL A. MCNEAL, CEO, TO DETERMINE AND AUTHORIZE DISCRETIONARY BONUS AMOUNTS TO OTHER EXECUTIVES WITHIN THE ORGANIZATION SUCH AS CONNIE CLAUSON AND JAMES V. TEW III LISTED ON FORM 990, PART VII. ANY BONUS COMPENSATION MITCHELL A. MCNEAL RECEIVES FOR THE YEAR IS ALSO DISCRETIONARY APPROVED BY THE BOARD UP TO THE HIGHEST AMOUNT BONUS COMPENSATION APPROVED FOR THE OTHERS. THOMAS NOBEL FOUNDER & EXECUTIVE CHAIRMAN FINANCING X 1890000 1468457 0 1 1 1468457 FORM 990, PART I, ITEM C DBA: BARUCH LAKESHORE HOMES DBA: BARUCH MINISTRIES DBA: BARUCH SENIOR HOMES DBA: BARUCH SENIOR SERVICES DBA: BISHOP HILLS ASSISTED LIVING DBA: BISHOP HILLS ELDER CARE COMMUNITY DBA: BLISSFIELD PLACE DBA: BLISSFIELD PLACE ASSISTED LIVING DBA: CAMBRIDGE ASSISTED LIVING DBA: CAMBRIDGE MANOR DBA: CEDAR COVE ASSISTED LIVING DBA: CEDAR COVE MANOR DBA: CHERRY HILL HAVEN ASSISTED LIVING DBA: CHERRY HILL HAVEN OF KALKASKA DBA: CHERRY HILL HAVEN OF TRAVERSE CITY DBA: EFFIE'S DBA: EFFIE'S ASSISTED LIVING DBA: EFFIE'S OF LELAND DBA: EFFIE'S PLACE DBA: EFFIE'S PLACE ASSISTED LIVING DBA: FOUNTAIN VIEW ASSISTED LIVING DBA: FOUNTAIN VIEW ASSISTED LIVING OF GRANT DBA: FOUNTAIN VIEW ASSISTED LIVING OF PORTAGE DBA: FOUNTAIN VIEW RETIREMENT VILLAGE OF COOPERSVILLE DBA: FOUNTAIN VIEW RETIREMENT VILLAGE OF FREMONT DBA: FOUNTAIN VIEW RETIREMENT VILLAGE OF GRANT DBA: FOUNTAIN VIEW RETIREMENT VILLAGE OF PORTAGE DBA: GEORGETOWN AND CAMBRIDGE ASSISTED LIVING DBA: GEORGETOWN AND CAMBRIDGE MANORS DBA: GEORGETOWN ASSISTED LIVING DBA: HYDE PARK - LIVING JOY DBA: HYDE PARK AL DBA: LAKESHORE ASSISTED LIVING HOMES DBA: LIVING JOY DBA: LIVING JOY AL DBA: LIVING JOY ASSISTED LIVING DBA: LIVING JOY MEMORY DBA: MALLARD COVE DBA: MALLARD COVE ASSISTED LIVING DBA: MALLARD COVE EAST DBA: NORTHERN PINES ASSISTED LIVING DBA: PARK PLACE ASSISTED LIVING DBA: STONE CREST ASSISTED LIVING DBA: STONE CREST SENIOR LIVING DBA: STONEBRIDGE ASSISTED LIVING DBA: STONEBRIDGE MANOR DBA: STONECREST ASSISTED LIVING DBA: SUNNYSIDE ASSISTED LIVING DBA: SUNNYSIDE SENIOR LIVING DBA: TECUMSEH PLACE DBA: TECUMSEH PLACE ASSISTED LIVING DBA: TECUMSEH PLACE II DBA: THE FIELDSTONE AT TECUMSEH PLACE DBA: THE WILLOWS ASSISTED LIVING DBA: YORKSHIRE AND STONEBRIDGE ASSISTED LIVING DBA: YORKSHIRE AND STONEBRIDGE MANORS DBA: YORKSHIRE ASSISTED LIVING DBA: HORIZON SENIOR LIVING I ST. HELEN DBA: HORIZON SENIOR LIVING II CLARE DBA: HORIZON SENIOR LIVING III WEST BRANCH DBA: HORIZON SENIOR LIVING IV STANDISH DBA: HORIZON SENIOR LIVING V GLADWIN FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY IS PROVIDED TO THE ENTIRE BOARD AND THEN REVIEWED BY THE PRESIDENT AND TREASURER OF THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE COMPLIANCE WITH THE POLICY IS REGULARLY VIEWED AT BOARD MEETINGS. INDIVIDUALS WITH A CONFLICT ARE EXCLUDED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A ANNUAL FORMAL PERFORMANCE AND EVALUATION PROCESS THAT INCLUDES THE BOARD'S REVIEW AND APPROVAL OF COMPENSATION FOR TOP OFFICIALS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ORGANIZATION DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS -4,059. IMPAIRMENT -3,531,043. FORM 990, PART XII, LINE 2C: THE PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. EVERGREEN TERRACE ASSISTED LIVING 3196 KRAFT AVE SE SUITE 203 GRAND RAPIDS MI 49512 202572126 ASSISTED LIVING HOME MI 1029694 1589755 BARUCH SLS INC THE HUME HOME OF MUSKEGON 3196 KRAFT AVE SE SUITE 203 GRAND RAPIDS MI 49512 381387881 ASSISTED LIVING HOMES MI 501(C)(3) LINE 10 BARUCH SLS INC 1 HALE CREEK MANOR 3196 KRAFT AVE SE SUITE 203 GRAND RAPIDS MI 49512 454656293 ASSISTED LIVING HOMES MI 501(C)(3) LINE 10 BARUCH SLS INC 1 BISHOP HILLS LLC 3196 KRAFT AVE SE SUITE 203 GRAND RAPIDS MI 49512 383375365 ASSISTED LIVING HOMES MI HEALTH ONE LTD RELATED 0 0 1.00000 HEALTH ONE LTD 3196 KRAFT AVE SE SUITE 203 GRAND RAPIDS MI 49512 383237689 ASSISTED LIVING HOMES MI BARUCH SLS INC C 406 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 THE HUME HOME OF MUSKEGON O 860825 CASH HALE AREA ASSISTED LIVING CORP O 613233 CASH