2024-11-01T11:18:29-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 15303 N DALLAS PARKWAY SUITE 1400 ADDISON TX 75001 990 2023-01-01 461785859 BUCKNER SENIOR LIVING INC BUCK 2147588000 700 N PEARL STREET 1200 DALLAS TX 75201 JANICE J COTHRAN VICE PRESIDENT & CFO 2147588000 2024-10-30 1 0 RAHIM HABIB P01912003 9723835700 2024-10-30 2023 2024-10-15 13:58:12Z VENTANA BY BUCKNER DR ALBERT REYES 700 N PEARL STREET 1200 DALLAS TX 75201 30394332 0 X WWW.BUCKNER.ORG X 2012 TX TO FOLLOW THE EXAMPLE OF JESUS BY SERVING SENIORS. 6 6 392 49 0 0 517233 231823 24636520 29077233 347892 1008179 175801 77097 25677446 30394332 524929 816197 0 0 10329729 12189442 0 0 0 29621296 28487214 40475954 41492853 -14798508 -11098521 204442055 197762136 275684755 280345378 -71242700 -82583242 TO PROVIDE CARE, MAINTENANCE, HOUSING AND RELATED SERVICES TO ALLOW SENIOR ADULTS TO RECEIVE A HIGH QUALITY CONTINUUM OF CARE THROUGHOUT THEIR LATER YEARS IN AN ATMOSPHERE THAT PROMOTES AN ACTIVE, HEALTHY, CHRISTIAN LIFESTYLE WHILE MAINTAINING THEIR INDEPENDENCE AND DIGNITY. 0 0 39609816 816197 29077233 BUCKNER SENIOR LIVING, INC. (BSL OR THE COMMUNITY) ADMITTED ITS FIRST RESIDENT ON AUGUST 19, 2019. 863 RESIDENTS WERE SERVED IN 2023. THE COMMUNITY PROVIDED $816,197 IN SUPPLEMENTAL ASSISTANCE TO RESIDENTS IN 2023. 39609816 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 78 0 1 392 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X JANICE J COTHRAN 2147588000 700 N PEARL ST STE 1200 DALLAS TX 75201 X LISA EADY DIRECTOR 1.00 4.00 X 0 0 0 DR RIEFFORD GAIL FLOOD DIRECTOR (THRU 10/23) 1.00 3.00 X 0 0 0 DAVID HENNESSEE DIRECTOR 1.00 2.00 X 0 0 0 TIM LANCASTER DIRECTOR 1.00 3.00 X 0 0 0 NORMAN DUKE PRESLEY DIRECTOR 1.00 2.00 X 0 0 0 LYNETTE GUY RANTON CHAIR 1.00 3.00 X 0 0 0 JAMES WESTBROOKS DIRECTOR 1.00 2.00 X 0 0 0 DR ALBERT REYES PRESIDENT & CEO 4.00 36.00 X 0 520391 174369 CHARLIE WILSON BRS PRESIDENT 5.00 35.00 X 0 377406 63132 JEFFREY GENTRY SR. VICE PRESIDENT & CFO 4.00 36.00 X 0 436606 57055 PRISCILLA REIMER SR. VP & GENERAL COUNSEL & SECRETARY 4.00 36.00 X 0 333516 51692 RICHARD MUNOZ ASSISTANT SECRETARY 4.00 36.00 X 0 220947 28237 KAYLA COLEMAN ASSISTANT SECRETARY 4.00 36.00 X 0 215668 13798 CHRISTINA ALLERT ASSISTANT SECRETARY 4.00 36.00 X 0 144811 7894 MICHAEL OLMSTEAD VICE PRESIDENT & COO (AS OF 3/23) 5.00 35.00 X 0 221749 12819 DANICA MCGUIRE EXECUTIVE DIRECTOR (THRU 6/23) 40.00 0.00 X 104048 0 158 NESTOR MOREL DIRECTOR OF MAINTENANCE 40.00 0.00 X 114447 0 5985 BRITTANY STEDMAN PHYSICAL THERAPIST 40.00 0.00 X 105146 0 4630 JONEL MORANO REGISTERED NURSE 40.00 0.00 X 102384 0 178 426025 2471094 419947 4 0 1 0 JORGE BARRERA 4812 VICTOR DALLAS TX 75246 STAFFING SERVICES 1184447 GREENBRIER DEVELOPMENT 3232 MCKINNEY AVE STE 1160 DALLAS TX 75204 MARKETING SERVICES 643564 SHIFTKEY PO BOX 735913 DALLAS TX 75373 STAFFING SERVICES 496611 ANGELL MARKETING LLC 5353 N 16TH ST STE 300 PHOENIX AZ 85016 MARKETING SERVICES 374262 MR AC HEATING AND COOLING LLC 5016 EASTCREEK DR ARLINGTON TX 76018 MAINTENANCE SERVICES 223122 9 37000 786 194037 231823 RESIDENT SERVICES 623000 29077233 29077233 29077233 1008179 1008179 CONCESSIONS 900099 38111 38111 CREDIT CARD FEE 900099 22322 22322 REFUNDS & OTHER INCOME 900099 16664 16664 77097 30394332 29077233 0 1085276 X 816197 816197 10204866 10000769 204097 77023 75483 1540 1134528 1111837 22691 773025 757565 15460 1250436 1250436 8022 8022 4244513 4159623 84890 702766 702766 119093 22143 96950 55867 9584 46283 2416591 2371238 45353 37003 30921 6082 2320 2320 9882371 9882371 5592825 5592825 364001 344384 19617 FOOD COST 1936132 1915917 20215 MEDICAL COST 848001 848001 RESIDENT ACTIVITIES 820448 820448 SUPPLIES 110054 110054 96771 37690 59081 41492853 39609816 1883037 0 3681034 2276915 8024971 5102474 847975 966710 35764 47854 81133 105740 197772046 23323241 178740183 174448805 13030995 14813638 204442055 197762136 2447383 2495224 143247085 143376097 129990287 134474057 275684755 280345378 X -71242700 -82583242 -71242700 -82583242 204442055 197762136 X -11098521 132864 -374885 X 0 1 X 1 1 1 X 150 136408 1505452 517233 231823 2391066 1033704 10723998 18306737 24636520 29077233 83778192 1033854 10860406 19812189 25153753 29309056 86169258 347000 37000 384000 0 347000 37000 384000 85785258 555200 226975 347892 1008179 2138246 555200 226975 347892 1008179 2138246 224588 10784 175801 77097 488270 1033854 11640194 20049948 25677446 30394332 88795774 0.96610 0.97470 0.02410 0.01930 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 224,588. 2021 AMOUNT: $ 10,784. 2022 AMOUNT: $ 175,801. 2023 AMOUNT: $ 77,097. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5022654 5022654 182529520 19712995 162816525 8315736 3381615 4934121 1904136 228631 1675505 174448805 CAPITALIZED MARKETING COSTS - BSL VENTANA 86955 REVENUE BOND PROCEEDS HELD BY TRUSTEE 11934566 LIMITED-USE ASSETS 2792117 14813638 ENTRANCE FEES 130238767 DEFERRED PAYABLE 3833744 DUE TO RELATED ENTITIES 350774 LEASE LIABILITY 50772 134474057 X PART X, LINE 2: BSL IS A SUBSIDIARY OF BUCKNER RETIREMENT SERVICES, INC., WHICH IS A SUBSIDIARY OF BUCKNER INTERNATIONAL. BUCKNER INTERNATIONAL IS AUDITED ON AN ANNUAL BASIS. THE OPERATIONS OF BSL ARE DISCLOSED IN THE SUPPLEMENTAL INFORMATION SECTION OF THE BUCKNER INTERNATIONAL AUDIT REPORT. THE ACCOUNTING STANDARDS CODIFICATION GUIDANCE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES REQUIRES THAT BUCKNER RECOGNIZE IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE TAX POSITION. THE REQUIREMENTS ALSO PROVIDE GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO BUCKNER'S TAX-EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME, AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. FOR THE YEAR ENDED DECEMBER 31, 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023, BUCKNER'S TAX YEARS 2020 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION. 1 RESIDENT RENTAL ASSISTANCE 10 816197 0 PART I, LINE 2: A COMMITTEE REVIEWS ALL APPLICATIONS FOR RESIDENT ASSISTANCE. COMMITTEE MEMBERS ARE UNAWARE OF THE IDENTITY OF APPLICANTS AND MAKE AWARDS BASED ON NEED AND AVAILABILITY OF FUNDS. ALL RECIPIENTS ARE RESIDENTS OF BSL'S FACILITIES. ASSISTANCE IS FOR MONTHLY RENT AND OTHER EXPENSES INCURRED AT THE FACILITY IN WHICH THE RECIPIENT RESIDES. 1 1 0 0 0 0 0 1 0 DR ALBERT REYES PRESIDENT & CEO 0 426120 0 62644 0 31627 0 96391 0 77978 0 694760 0 0 JEFFREY GENTRY SR. VICE PRESIDENT & CFO 0 394281 0 40563 0 1762 0 54242 0 2813 0 493661 0 0 CHARLIE WILSON BRS PRESIDENT 0 341295 0 32677 0 3434 0 60273 0 2859 0 440538 0 0 PRISCILLA REIMER SR. VP & GENERAL COUNSEL & SECRETARY 0 290905 0 38248 0 4363 0 49099 0 2593 0 385208 0 0 RICHARD MUNOZ ASSISTANT SECRETARY 0 196368 0 23567 0 1012 0 26092 0 2145 0 249184 0 0 MICHAEL OLMSTEAD VICE PRESIDENT & COO (AS OF 3/23) 0 221050 0 0 0 699 0 10541 0 2278 0 234568 0 0 KAYLA COLEMAN ASSISTANT SECRETARY 0 210277 0 5000 0 391 0 11667 0 2131 0 229466 0 0 CHRISTINA ALLERT ASSISTANT SECRETARY 0 133155 0 8603 0 3053 0 6427 0 1467 0 152705 0 0 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, LINES 4A-B AN INDIVIDUAL LEFT THE ORGANIZATION AND RECEIVED A SEVERANCE PAYMENT IN 2023. DUE TO CONFIDENTIALITY, NEITHER THE NAME NOR THE AMOUNT WILL BE LISTED. IT IS INCLUDED IN FORM 990, PART VII, SECTION A, COLUMN D. 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 $63,923 CHARLIE WILSON $32,273 JEFFREY GENTRY $27,042 PRISCILLA REIMER $25,499 RICHARD MUNOZ $9,815 KAYLA COLEMAN $2,500 PART I, LINE 7 THE BUCKNER GOAL ACHIEVEMENT PROGRAM (GAP) IS INTENDED TO REWARD SELECTED MANAGERS FOR THE ACHIEVEMENT OF PRE-ESTABLISHED GOALS AND OBJECTIVES, WHICH ARE TIED TO THE BUSINESS PLAN AND BUDGET. GAP PAYMENTS ARE SUBJECT TO APPROVAL BY THE BOARD AT THE END OF EACH YEAR. A TARRANT CO CULTURAL EDU FACILITIES FINANCE CORP 043833551 87638RJE8 2017-06-08 229698200 SEE PART VI 0 0 0 A 85300000 238809515 17678115 37895770 1147597 8290866 173362717 2019 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: TARRANT CO CULTURAL EDU FACILITIES FINANCE CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 06/08/2022 SCHEDULE K, PART I, LINE A(F) FINANCE THE DEVELOPMENT, MARKETING, CONSTRUCTION, AND EQUIPPING OF A LIFE PLAN CONTINUUM CARE RETIREMENT COMMUNITY LOCATED IN DALLAS, TEXAS. SCHEDULE K, PART II, LINE 3: INCLUDES SALES PROCEEDS OF $229,698,200 PLUS INVESTMENT EARNINGS OF $9,111,315. SCHEDULE K, PART II, COLUMN A COLUMN A, LINE 3 IS $434,450 GREATER THAN LINES 4-12 DUE TO INVESTMENT EARNINGS ON BOND PROCEEDS THAT HAVE NOT BEEN SPENT. FORM 990, PART VI, SECTION A, LINE 6 BUCKNER RETIREMENT SERVICES, INC. IS THE SOLE MEMBER OF BSL. FORM 990, PART VI, SECTION A, LINE 7A BUCKNER RETIREMENT SERVICES, INC. ELECTS THE DIRECTORS OF BSL. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS OF BSL ARE SUBJECT TO APPROVAL BY ITS SOLE MEMBER, BUCKNER RETIREMENT SERVICES, INC., INCLUDING ALTERING, AMENDING OR REPEALING, OR ADOPTING NEW BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO THE BUCKNER INTERNATIONAL FINANCE COMMITTEE AND THE FULL BOARD FOR REVIEW PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE REQUIRED TO SUBMIT A STATEMENT OF DISCLOSURE UPON APPOINTMENT TO THE BOARD AND THEREAFTER ANNUALLY. THE PURPOSE OF THIS STATEMENT IS TO PROVIDE A MECHANISM FOR THE DISCLOSURE OF ANY ACTUAL OR POTENTIAL CONFLICTS(S) OF INTEREST. ANY ACTUAL OR POTENTIAL CONFLICTS THAT ARISE BETWEEN ANNUAL STATEMENT SUBMISSIONS ARE REQUIRED TO BE COMMUNICATED AS SOON AS POSSIBLE IN WRITING TO THE GENERAL COUNSEL. THE CONFLICT OF INTEREST POLICY (COI) IS EXPLAINED AT THE TIME OF ISSUANCE FOR SIGNATURE. THE COI DEFINES DISQUALIFIED PERSONS AND POTENTIAL CONFLICTS. ANY CONFLICTS THAT ARISE ARE REVIEWED BY THE BOARD OUTSIDE OF THE PRESENCE OF THE INDIVIDUAL(S) INVOLVED. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION DECISIONS FOR THE EXECUTIVE JOB(S) ARE BASED ON RELEVANT COMPENSATION SURVEY DATA, EVIDENCED JOBHOLDER PERFORMANCE AND AVAILABLE RESOURCES. THE SENIOR VICE PRESIDENT OF BUCKNER RETIREMENT SERVICES IS RESPONSIBLE FOR SETTING THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. A FORMAL EVALUATION OF THE JOB PERFORMANCE IS PREPARED AND MAINTAINED IN THE EXECUTIVE DIRECTOR'S PERSONNEL FILE IN HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY REQUEST. THEY MAY BE REVIEWED AT THE CORPORATE OFFICE IN DALLAS OR MAY BE SENT BY MAIL. FORM 990, PART VII, SECTION A, LINE 1A: AVERAGE HOURS AND REPORTABLE COMPENSATION OFFICER COMPENSATION REFLECTS TOTAL COMPENSATION PAID BY BUCKNER INTERNATIONAL (BI), THE ORGANIZATION'S PARENT COMPANY, AND BUCKNER RETIREMENT SERVICES, A RELATED ORGANIZATION. COMPENSATION DOES NOT REFLECT PAYMENT FOR SERVICES AS OFFICERS. AVERAGE HOURS PER WEEK ARE AN ESTIMATE OF THE HOURS SPENT IN THE CAPACITY OF OFFICER FOR THE ORGANIZATION AND RELATED ORGANIZATIONS. BI ADMINISTRATIVE EXPENSE, INCLUDING COMPENSATION AND BENEFITS, IS ALLOCATED TO RELATED ORGANIZATIONS BASED ON A PERCENTAGE CALCULATION. ADMINISTRATIVE EXPENSE ALLOCATED TO THE ORGANIZATION IS REPORTED ON PART IX. FORM 990, PART IX, LINE 11G TEMP STAFFING: PROGRAM SERVICE EXPENSES 1,672,314. MANAGEMENT AND GENERAL EXPENSES 34,129. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,706,443. DIETARY: PROGRAM SERVICE EXPENSES 1,343,862. MANAGEMENT AND GENERAL EXPENSES 27,426. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,371,288. CONSULTING: PROGRAM SERVICE EXPENSES 585,633. MANAGEMENT AND GENERAL EXPENSES 11,952. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 597,585. THERAPY: PROGRAM SERVICE EXPENSES 291,071. MANAGEMENT AND GENERAL EXPENSES 5,940. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 297,011. MEDICAL: PROGRAM SERVICE EXPENSES 145,782. MANAGEMENT AND GENERAL EXPENSES 2,975. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148,757. OTHER SERVICES: PROGRAM SERVICE EXPENSES 120,961. MANAGEMENT AND GENERAL EXPENSES 2,468. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,429. FORM 990, PART XI, LINE 9: BAD DEBT RESERVE -374,885. BUCKNER INTERNATIONAL 700 N PEARL ST STE 1200 DALLAS TX 75201 750891443 MANAGEMENT/ADMIN TX 501(C)(3) LINE 12C, III-FI N/A 0 RIO GRANDE CHILDREN'S HOME FOUNDATION 700 N PEARL ST STE 1200 DALLAS TX 75201 742552150 MANAGEMENT/ADMIN TX 501(C)(3) LINE 12B, II BCFS 0 BUCKNER FOUNDATION 700 N PEARL ST STE 1200 DALLAS TX 75201 752125945 MANAGEMENT/ADMIN TX 501(C)(3) LINE 12A, I BI 0 RIO GRANDE CHILDREN'S HOME 700 N PEARL ST STE 1200 DALLAS TX 75201 741492806 SOCIAL SERVICES TX 501(C)(3) LINE 7 BCFS 0 BUCKNER CHILDREN & FAMILY SERVICES INC 700 N PEARL ST STE 1200 DALLAS TX 75201 752571395 SOCIAL SERVICES TX 501(C)(3) LINE 7 BI 0 BUCKNER RETIREMENT SERVICES INC 700 N PEARL ST STE 1200 DALLAS TX 75201 752571394 SOCIAL SERVICES TX 501(C)(3) LINE 10 BI 0 BAPTIST MEMORIALS MINISTRIES 902 N MAIN ST SAN ANGELO TX 76902 752755400 SOCIAL SERVICES TX 501(C)(3) LINE 10 BRS 0 BUCKNER FHC - BACHMAN LAKE 700 N PEARL ST STE 1200 DALLAS TX 75201 832166056 SOCIAL SERVICES TX 501(C)(3) LINE 12A, I BCFS 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0