2022-11-04T03:57:43-00:00 2021-12-31 521404857 Air Force Retired Officers Community 20522 Falcons Landing Circle Sterling VA 20165 990 2021-01-01 521404857 AIR FORCE RETIRED OFFICERS COMMUNITY - WASHINGTON DC % GARY HANDLEY AIRF 7034045102 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 HARDY LISTER CFO 7034045145 2022-11-04 false HARDY LISTER XXX-XX-XXXX Hardy M Lister P01963191 7034045145 2022-11-04 2 AAL1 IAL1 2021 2022-09-23 18:48:47Z FALCONS LANDING GARY HANDLEY 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 34306341 false X WWW.FALCONSLANDING.ORG X 1984 VA FALCONS LANDING PROVIDES HOUSING AND SERVICES VIA A CONTINUING CARE RETIREMENT COMMUNITY TO RETIRED AND HONORABLY DISCHARGED MILITARY OFFICERS AND SENIOR RETIRED FEDERAL EMPLOYEES, THEIR SPOUSES AND WIDOWED SPOUSES 11 11 362 11 0 1666675 665430 30351991 30602495 1581483 731349 0 33600149 31999274 111215 68824 0 16332893 16567083 0 0 14684955 15055750 31129063 31691657 2471086 307617 119246224 133423947 121304030 131859000 -2057806 1564947 X MISSION IS TO OPERATE A FIRST CLASS NOT FOR PROFIT CONTINUING CARE RETIREMENT COMMUNITY FOR THE BENEFIT OF RETIRED MILITARY OFFICERS AND SENIOR RETIRED FEDERAL EMPLOYEES THEIR SPOUSES AND WIDOWED SPOUSES AND HONORABLY DISCHARGED MIITARY OFFICERS WE SHALL PROVIDE FACILITIES AND SERVICES THAT SUPPORT AND ENHANCE THE HEALTH SECURITY HAPPINESS AND false false 13956043 23479260 PROVIDE HOUSING FOOD AND OTHER SERVICES TO 409 INDEPENDENT LIVING RESIDENTS OF A RETIREMENT COMMUNITY 13097811 7123235 PROVIDE HOUSING, NURSING, FOOD AND OTHER SERVICES TO 90 HEALTH CENTER RESIDENTS OF A RETIREMENT COMMUNITY 70000 70000 85,400 IN RESIDENT DONATIONS TO THE LOCAL FIRE RESCUE SQUAD. AWARDED 70,000 IN SCHOLARSHIPS TO LOUDOUN COUNTY HIGH SCHOOL SENIORS 27123854 true true false false false false false false true false true false false false true true true false false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false true 15 0 true 362 true false false false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true false false true false false VA X HARDY LISTER 7034045145 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 GARY HANDLEY CEO 040.00 X 245000 0 26088 HARDY LISTER CFO 040.00 X 244421 0 9012 FRED SIMPSON HR DIRECTOR 040.00 X 174682 0 6303 LLENA STAANA DON 040.00 X 158339 0 9962 LISA DEGILIO NP 040.00 X 150940 0 6253 PETER PLANTE MAINT DIR 040.00 X 147698 0 5760 ROBERT BESSERER DINING DIR 040.00 X 148262 0 718 TED BOWLDS CHAIRMAN 005.00 X X 0 0 0 SCOTT CUSTER VICE CHAIRMAN 005.00 X X 0 0 0 JOE MARSHALL TREASURER 005.00 X X 0 0 0 JOHN LA RAIA SECRETARY 005.00 X X 0 0 0 TIM ARCANO DIRECTOR 005.00 X 0 0 0 CHRISTINE HUNTER DIRECTOR 005.00 X 0 0 0 GEORGE EICHERT DIRECTOR 005.00 X 0 0 0 KEVIN GREEN DIRECTOR 005.00 X 0 0 0 MARY LOWE MAYHUGH DIRECTOR 005.00 X 0 0 0 DOUG ROBB DIRECTOR 005.00 X 0 0 0 SHARON SHAFFER DIRECTOR 005.00 X 0 0 0 1269342 64096 18 false true false RUFF ROOFING AND SHEET METAL INC 1420 KNECHT AVE BALTIMORE MD 21227 CONSTRUCTION 1155195 BEST CHOICE CONSTRUCTION 7321 LAVA ROCK CIRCLE 201 MANASSAS VA 20111 CONSTRUCTION 1093227 THE WHITING TURNER CONT COM PO BOX 17596 BALTIMORE MD 21297 CONSTRUCTION 1027961 SELECT REHABILITATION LLC PO BOX 71985 CHICAGO IL 60694 THERAPY 525207 DCMC PO BOX 1877 ASHBURN VA 20146 CONSTRUCTION 509835 28 12671 652759 665430 EARNED ENTRANCE FEES 623990 5582721 5582721 MONTHLY MAINTENANCE FEES 623990 17699292 17699292 HEALTHCARE SERVICE FEES 623990 7123235 7123235 OTHER PRGRAM SERVICE REVENUE 623990 197247 197247 30602495 280020 280020 2758396 2307067 451329 451329 451329 31999274 30602495 731349 0 68824 68824 0 0 544621 544621 0 13364586 12038198 1326388 308076 289749 18327 1364671 1289013 75658 985129 865822 119307 0 34909 34909 55308 55308 0 0 305236 202089 103147 572773 1137 571636 113249 49473 63776 800185 71622 728563 0 1019351 1019351 485 485 0 52154 12854 39300 627502 627502 0 5824543 5824543 608571 608571 Food 1316687 1316687 Maintenance 770766 768732 2034 Medicare 606985 606985 Supplies and Equipment 1315022 1243152 71870 1032024 828121 203903 31691657 27123854 4567803 0 11056854 1094465 3111140 8237452 411756 575020 553160 1141728 1008875 1274053 181830989 75880140 88562133 105950849 14542306 15097184 53196 119246224 133423947 6489615 5254525 35596899 36473771 53442004 49893764 25775512 40236940 121304030 131859000 X -2774833 476944 717027 1088003 -2057806 1564947 119246224 133423947 307617 3315136 X X false true X true false X 0 0.00000 510140 265445 1319912 1666675 665430 4427602 30213650 31781446 30962740 30201439 30405248 153564523 30723790 32046891 32282652 31868114 31070678 157992125 157992125 1205737 1590849 894355 361460 280020 4332421 0 1205737 1590849 894355 361460 280020 4332421 0 392327 382616 366145 150552 197247 1488887 32321854 34020356 33543152 32380126 31547945 163813433 0.96450 0.96190 0.02640 0.02850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 1491266 80000 1173604 397662 false 6963112 6963112 143910703 53922906 89987797 7089896 4499090 2590806 23853202 17458144 6395058 14076 14076 105950849 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Priority Deposits 585000 Annuities Payable 250290 Refundable Advance Fees 36172324 Derivative Financial Instrument 719858 Paycheck Protection Program PPP 2509468 40236940 X 35314409 3315135 3315135 31999274 31999274 31691657 31691657 31691657 IV 1A FALCONS LANDING MAINTAINS AN ESCROW ACCOUNT FOR INDIVIDUALS WHO HAVE PLACED WAIT LIST AND RESERVATION AGREEMENT DEPOSITS PENDING THEIR MOVE IN THESE DESPOSITS ARE COMPLETELY REFUNDABLE AND ALL INTEREST ACCRUES TO THE INDIVIDUAL XI 4B CHANGE IN NET ASSETS WITH DONOR RESTRICTIONS X 2 AFROC qualifies as a tax-exempt organization that is other than a private foundation under Section 501c3 of the Internal Revenue Code except for unrelated business income. No provision for income taxes is required for the years ended December 31, 2021 and 2020, as AFROC had no significant business income. AFROC is still open to examination by taxing authorites from year 2018 forward. AFROC recognizes tax liabilities for uncertain tax positions when it is more likely than not that a tax position will not be sustained upon examination and settlement with various taxing authorities. Liabilities for uncertain tax positions are measured based upon the largest amount of benefit that is greater than 50 likely of being realized upon settlement. Management has evaluated AFROCs tax positions and has concluded that AFROC has taken no uncertain tax position that require adjustment to the financial statements. true HIGH SCHOOL SCHOLARSHIPS 14 70000 Part I Line 2 Falcons grants a 5K scholarship to one deserving graduating student at each Loudoun County High School. Applications are reviewed and selections made by a group of Falcons residents. There is no process to ensure the recipients actually use the scholarship check for educational expenses X X false false false false false false false false false FRED SIMPSON HR DIRECTOR 153112 7768 13802 5813 490 180985 LLENA STAANA DON 149878 8461 4169 5793 168301 LISA DEGILIO NP 149216 1724 5666 586 157192 GARY HANDLEY CEO 219000 26000 24800 1288 271088 HARDY LISTER CFO 204574 7868 31979 8185 827 253433 PETER PLANTE MAINT DIR 138581 8514 603 5042 718 153458 A INDUSTRIAL DEVELOPMENT AUTHORING OF LOUDOUN COUNT 521310230 2016-11-03 32625477 REDEEM SERIES B OF 2004 BOND ISSUE REDEEM SRIES 2014 BOND ISSUE false false false B INDUSTRIAL DEVELOPMENT AUTHORING OF LOUDOUN COUNT 521310230 2019-08-08 47000000 CONSTRUCTION LOAN false false false A 10846952 32625477 1996 true false true true B 18412026 47000000 58867 29958133 16983000 2021 false false false true A false true true true false 0.00393 0.00393 false false true B false false false false false false true A false true false false false false true B false true true true ATLANTIC UNION PUBLIC FINANCE INC 0000000017.000000000000 false false false false true A true B true Form 990, Part III, Line 1 WELL BEING OF OUR RESIDENTS Form 990, Part VI, Section B, Line 11B FORM 990 IS PREPARED BY THE CFO THEN REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AND AUDITOR A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS Form 990, Part VI, Section B, Line 12C THE WRITTEN CONFLICT OF INTEREST POLICY REQUIRES A MANDATORY WRITTEN RESPONSE FROM ALL AFFECTED PARTIES DISCLOSING WHETHER THEY HAVE ANY OUTSIDE INTERESTS THAT WOULD JEPORDIZE THEIR RESPONSIBILITIES AT FALCONS LANDING IN THE EVENT OF A CONFLICT OF INTEREST AFROC WILL TAKE ACTIONS IN ACCORDANCE WITH THE CONFLICTS OF INTEREST POLICY Form 990, Part VI, Section B, Line 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT/CEO INVOLVES A REVIEW OF COMPARABLE SALARIES IN THE INDUSTRY AND REQUIRES APPROVAL BY THE BOARD OF DIRECTORS Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE BY CONTACTING THE FALCONS LANDING BUSINESS OFFICE Form 990, Part XII, Line 2C THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF DIRECTORS OVERSEES THE SELECTION OF THE AUDITORS AND THE AUDIT FINDINGS THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS Form 990, Part VI, Section A, Line 1A THE BOARD OF DIRECTORS HAS DELEGATED AUTHORITY TO THE EXECUTIVE COMMITTEE TO MAKE ANY DECISIONS AS NECESSARY WITH A FOLLOWUP REPORT TO THE FULL BOARD AT THE NEXT BOARD MEETING THE EXECUTIVE COMMITTEE CONSISTS OF TED BOWLDS, SCOTT CUSTER, JOE MARSHALL AND JOHN LA RAIA. ALL OF THE EXECUTIVE COMMITTEE MEMBERS ARE MEMBERS OF THE BOARD OF DIRECTORS