Boncrest Resource Group Inc
Nonprofit profile at a glance
- EIN
- 815401208
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-N 2021
- Location
- Brookhaven, GA, USA
- Phone
- 6785389653
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health, General and Financing
Reported finances
- Revenue
- $263,945
- Expenses
- $103,683
- Assets
- $380,372
- Liabilities
- $825
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- MAURICE ROSENBAUM (CEO/CHAIRMAN)
People named in this filing
- AMELIA WALLER BAKER JD (SECRETARY)
- MAURICE ROSENBAUM (CEO/CHAIRMAN)
- FRANK CORRIGAN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Boncrest is a tax-exempt organization formed for the purpose of owning and operating healthcare providers including; skilled nursing facilities, hospitals, assisted living, senior housing facilities, and otherwise pursuing opportunities for tax-exempt organizations in response to a changing healthcare economy.
What it reported doing in 2024
The specific purposes of the corporation include, without limitation, a broad range of activities and programs that promote the physical health, emotional health, behavioral health, wellness, and social well-being of the individuals, families, communities, and populations served by the corporation, which charitable purposes may be accomplished through various means, including without limitation, the development, construction, ownership, management oversight, operation, and disposition of the following: hospital facilities; skilled-nursing facilities; intermediate-care facilities; pediatric facilities; assisted-living facilities; independent-living facilities; facilities for the developmentally disabled; continuing-care facilities; congregate-care facilities; other types of senior care and housing facilities; innovative healthcare delivery models and systems that can provide services under coordinated care payment models such as accountable care organizations and other entities that promote quality of care for individuals, better health for populations, and containment of healthcare costs; housing for senior, student, or similar living; and other types of inpatient, outpatient, and housing facilities through which such activities and programs may be pursued.
Operating model
- Revenue model
- Other-operating. 97% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 34
- Transparency & Controls: 100
- Accountability: 88
- Sustainability: 80
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.5%; rating input score 26
- Program expense ratio: 58.3%; rating input score 58
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 60.7%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 3.67; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 54; 54th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -21.3% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: 30% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 75.2% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 25.5% of revenue deployed · 58.3% of spending went to programs
- Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $60K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules · includes related organizations
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 26/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Liabilities to assets ratio scored 54/100.