2021-11-09T05:09:44-00:00 2020-12-31 Air Force Retired Officers Community 20522 Falcons Landing Circle Sterling VA 20165 990 2020-01-01 521404857 AIR FORCE RETIRED OFFICERS COMMUNITY - WASHINGTON DC AIRF 7034045145 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 Hardy M Lister CFO CFO 7034045145 2021-11-09 false Hardy Lister CFO Hardy M Lister P01963191 7034045145 2021-11-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FALCONS LANDING GARY HANDLEY 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 43754275 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 10 10 347 10 0 1319912 1666675 31328885 30351991 2025748 1581483 0 34674545 33600149 122691 111215 0 16224842 16332893 0 0 13977314 14684955 30324847 31129063 4349698 2471086 90439776 119246224 92944584 121304030 -2504808 -2057806 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 14214489 23313273 PROVIDE HOUSING FOOD AND OTHER SERVICES TO 385 INDEPENDENT LIVING RESIDENTS OF A RETIREMENT COMMUNITY 12609370 41215 7038718 PROVIDE HOUSING, NURSING, FOOD AND OTHER SERVICES TO 103 HEALTH CENTER RESIDENTS OF A RETIREMENT COMMUNITY 70000 70000 82,000 IN RESIDENT DONATIONS TO THE LOCAL FIRE RESCUE SQUAD. AWARDED 70,000 IN SCHOLARSHIPS TO LOUDOUN COUNTY HIGH SCHOOL SENIORS 26893859 true true false false false false false false true false true false false false true false 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 23 0 true 347 true false false false false false false false false false false false false X 10 10 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 BARBARA BRANNON CEO left Nov 2020 040.00 X 293245 0 95028 HARDY LISTER CFO 040.00 X 245308 0 8609 JOHN LOOP HEALTH CTR DIRECTOR 040.00 X 175945 0 9931 FRED SIMPSON HR DIRECTOR 040.00 X 166702 0 5918 LLENA STAANA DON 040.00 X 141113 0 14731 ROBERT BESSERER DINING DIRECTOR 040.00 X 145156 0 718 LISA DEGILIO NP 040.00 X 138207 0 586 GARY HANDLEY CEO start Nov 2020 040.00 X 23558 0 754 TED BOWLDS CHAIRMAN 005.00 X X 0 0 0 SCOTT CUSTER VICE CHAIRMAN 005.00 X X 0 0 0 LAUREN LLOYD 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 FLORA DARPINO 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 1329234 136275 17 false true false BEST CHOICE CONSTRUCTION INC 7404 KALLENBURG COURT MANASSAS VA 20111 CONSTRUCTION 1732309 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 THERAPY SERVICES 698742 MID ATLANTIC CONTRACTING 7749 WOODBINE ROAD WOODBINE VA 21797 CONSTRUCTION 628854 BOWA BUILDERS 1206 TOTTENHAM COURT RESTON VA 20194 CONSTRUCTION 542021 KT ENTERPRISES 8040 INDUSTRIAL PARK COURT BRISTOW VA 20136 CONSTRUCTION 386717 31 1666675 1666675 EARNED ENTRANCE FEES 623990 6264946 6264946 MONTHLY MAINTENANCE FEES 623990 16897775 16897775 HEALTHCARE SERVICE FEES 623990 7038718 7038718 OTHER PRGRAM SERVICE REVENUE 623990 150552 150552 30351991 361460 361460 11239612 134537 10154126 1085486 134537 1220023 1220023 33600149 30351991 1581483 0 111215 111215 0 0 666502 666502 0 12996772 11572824 1423948 338197 333245 4952 1372720 1297030 75690 958702 843719 114983 0 6854 6854 57050 57050 0 0 178061 143459 34602 286867 8003 278864 108226 41238 66988 711152 55520 655632 0 912273 912273 404 404 0 43226 8413 34813 683170 683170 0 5747466 5747466 420444 420444 Food 1124918 1124918 Maintenance 991395 988923 2472 Medicare 746253 746253 Supplies and Equipment 905375 876363 29012 1761821 1399827 361994 31129063 26893859 4235204 0 495551 11056854 8303552 3111140 755652 411756 1022680 553160 1048847 1008875 158652735 70090602 65590642 88562133 13222852 14542306 90439776 119246224 4532104 6489615 36224890 35596899 26256817 53442004 25930773 25775512 92944584 121304030 X -2993456 -2774833 488648 717027 -2504808 -2057806 90439776 119246224 2471086 -2024084 X X false true X true false X 0 0.00000 329197 510140 265445 1319912 1666675 4091369 29528606 30213650 31781446 30962740 30201439 152687881 29857803 30723790 32046891 32282652 31868114 156779250 156779250 591411 1205737 1590849 894355 361460 4643812 0 591411 1205737 1590849 894355 361460 4643812 0 270968 392327 382616 366145 150552 1562608 30720182 32321854 34020356 33543152 32380126 162985670 0.96190 0.95950 0.02850 0.02980 X Part III Section B Line 12 OTHER INCOME FROM BEAUTY SALON GUEST MEALS GUEST ROOMS EMPLOYEE MEALS ETC RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 1347698 295651 152083 1491266 false 6963112 6963112 95966657 49822743 46143914 6693243 4247624 2445619 22402127 16020235 6381892 26627596 26627596 88562133 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Priority Deposits 608000 Annuities Payable 287096 Refundable Advance Fees 22907250 Derivative Financial Instrument 1973166 25775512 31347686 -2024084 -2024084 33371770 228379 228379 33600149 31129063 31129063 31129063 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 true HIGH SCHOOL SCHOLARSHIPS 14 70000 FINANCIAL ASSISTANCE 1 41215 X X false false false false false false false false false HARDY LISTER CFO 199194 14175 31939 7970 638 253916 BARBARA BRANNON CEO left Nov 2020 259881 33364 94338 690 388273 JOHN LOOP HEALTH CTR DIRECTOR 157608 14769 3567 9931 185875 FRED SIMPSON HR DIRECTOR 149719 15262 1721 5200 718 172620 LLENA STAANA DON 130551 10563 4800 9931 155845 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 8576238 32625477 1996 true false true true B 47000000 58867 30000000 16941133 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, LAUREN LLOYD AND SCOTT CUSTER AND JOHN LA RAIA. ALL OF THE EXECUTIVE COMMITTEE MEMBERS ARE MEMBERS OF THE BOARD OF DIRECTORS