2018-11-15T15:21:02-06:00 2017-12-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2017-01-01 752771278 NORTHWEST SENIOR HOUSING CORPORATION NORT 4694205450 8523 THACKERY ST NO 200 DALLAS TX 75225 SCOTT COLLIER CHAIRMAN 4694205450 2018-11-14 1 JAMES A YOUNGBLOOD CPA P00047431 2148717500 74.202.44.50 2018-11-14 13:11:38 CS P DAC6BC04A5BBF53FEE3A4D4D05270D521B99A8DC 4E957E137C0DA7269A9962E60BC4734AB919DB11 2017 2019-02-21 02:37:17Z EDGEMERE JOE ANDERSON 8523 THACKERY ST NO 200 DALLAS TX 75225 97744028 0 X WWW.EDGEMEREDALLAS.COM X 1998 TX TO PROVIDE QUALITY RESIDENTIAL HOUSING FOR SENIOR CITIZENS ALONG WITH PERSONAL SERVICES, ASSISTED LIVING AND NURSING SERVICES. 4 3 498 0 0 0 1173 2006 32384052 33488761 2185222 3846954 512130 655231 35082577 37992952 0 0 0 0 13424724 14344487 0 0 0 25505600 29858825 38930324 44203312 -3847747 -6210360 238494135 248138235 312680901 327397791 -74186766 -79259556 TO PROVIDE QUALITY RESIDENTIAL HOUSING FOR SENIOR CITIZENS ALONG WITH PERSONAL SERVICES, ASSISTED LIVING AND NURSING SERVICES. 0 0 37762320 34143992 NURSING AND RETIREMENT FACILITY WITH SERVICES RANGING FROMINDIVIDUAL RETIREMENT LIVING TO 24-HOUR SKILLED NURSINGCARE. 37762320 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 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 1 0 0 0 1 X 128 0 1 498 1 0 0 0 0 0 0 0 0 0 0 X 4 3 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 0 X X ABBY NICHOLSON 5126109407 15601 DALLAS PKWY STE 200 ADDISON TX 75001 X BERNIE FRANCES SECRETARY/TREASURER 1.00 5.00 X 0 0 0 SUSAN CARTER DIRECTOR 1.00 5.00 X 0 0 0 SCOTT COLLIER DIRECTOR 1.00 4.00 X 0 0 0 JOE ANDERSON PRESIDENT & CEO (FROM 7/1/17) 1.00 46.00 X 0 77500 0 STAN WATERHOUSE PRESIDENT & CEO (TILL 6/30/17) 1.00 45.00 X 0 499832 3639 VANESSA CURTRIGHT BOWLES DIRECTOR OF SALES & MARKET 40.00 0.00 X 194401 0 14393 SUSAN U BRISCOE SALES COUNSELOR 40.00 0.00 X 158547 0 8500 MONIKA PEARCE SALES COUNSELOR 40.00 0.00 X 128879 0 4535 WESLEY HELMS FOOD & BEVERAGE DIRECTOR 40.00 0.00 X 121507 0 3994 MARK L BLANKENSHIP BUILDING OPERATIONS DIRECTOR 40.00 0.00 X 107424 0 7226 EDNA EFA REGISTERED NURSE 40.00 0.00 X 103547 0 2408 CHRISTOPHER SANTUAE EXECUTIVE DIRECTOR 40.00 0.00 X 207011 0 4589 LUIS ARGOT EXECUTIVE DIRECTOR 40.00 0.00 X 252689 0 3116 1274005 577332 52400 5 0 1 0 SQLC 12720 HILLCREST RD DALLAS TX 75230 MANAGEMENT SERVICES 2012232 SENIORITY INC 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 MANAGEMENT SERVICES 1247807 DBM SERVICES LP 3111 EXECUTIVE BOULEVARD MESQUITE TX 75149 CONSTRUCTION SERVICES 898834 GLYNNDEVINS INC 8880 WARD PARKWAY KANSAS CITY MO 64114 ADVERTISING SERVICES 837615 EDWARD DON & CO 2562 PAYSPHERE CIRCLE CHICAGO IL 60674 PHARMACEUTICAL PROVIDER 403333 20 2006 2006 PROG.SERV.REVENUE-RELATED-990 623000 33488761 33488761 33488761 1637181 1637181 72440 72440 61888409 59751076 2137333 2137333 2137333 MEAL REVENUE 722511 183464 183464 VARIOUS RENTALS 900099 157063 157063 AUGUSTINE SUPPORT SERVICES 900099 138087 138087 176617 176617 655231 37992952 34143992 0 3846954 588278 529450 58828 11193269 10073942 1119327 704261 633835 70426 1858679 1672811 185868 2605248 2605248 70624 63562 7062 80122 72110 8012 115278 103750 11528 2583359 2325023 258336 945763 851187 94576 1049698 944728 104970 347122 312410 34712 8151779 7336601 815178 49226 44303 4923 2312 2312 4327083 3894375 432708 34730 34730 4873652 4386287 487365 271776 244598 27178 DINING 2806679 2806679 NURSING AND ASSISTED LI 692436 692436 REPAIRS AND MAINTENANCE 465928 419335 46593 HOUSEKEEPING 165893 165893 220117 154275 65842 44203312 37762320 6440992 0 2709081 1020720 25145493 22103587 4146891 4221690 23644888 23644888 50089 66812 481690 480853 187616642 52025479 122233307 135591163 47887571 49076992 12195125 11931530 238494135 248138235 7155440 13701370 9494530 10956992 109847190 113666657 1125952 1241362 185057789 187831410 312680901 327397791 X -74186766 -79259556 -74186766 -79259556 238494135 248138235 -6210360 1137570 0 X X 0 0 0 X 17366 1173 2006 20545 31445851 31838892 32051348 32384052 33488761 161208904 31445851 31838892 32068714 32385225 33490767 161229449 0 0 0 161229449 2129987 2146168 1921094 1729285 1709621 9636155 2129987 2146168 1921094 1729285 1709621 9636155 619351 677600 573160 512130 663211 3045452 34195189 34662660 34562968 34626640 35863599 173911056 0.92710 0.92370 0.05540 0.06290 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BEAUTY/BARBERSHOP RENT - 2013 AMOUNT: $ 27,360. 2014 AMOUNT: $ 27,360. 2015 AMOUNT: $ 27,360. 2016 AMOUNT: $ 27,310. 2017 AMOUNT: $ 35,930. OFFICE SPACE RENT - 2013 AMOUNT: $ 3,848. 2014 AMOUNT: $ 3,448. 2015 AMOUNT: $ 3,120. 2016 AMOUNT: $ 31,850. 2017 AMOUNT: $ 75,410. DRYCLEANING AND LAUNDRY - 2013 AMOUNT: $ 18,886. 2014 AMOUNT: $ 16,576. 2015 AMOUNT: $ 17,608. 2016 AMOUNT: $ 13,680. 2017 AMOUNT: $ 858. PARKING RENT - 2013 AMOUNT: $ 28,206. 2014 AMOUNT: $ 29,755. 2015 AMOUNT: $ 30,092. 2016 AMOUNT: $ 26,922. 2017 AMOUNT: $ 45,723. GUEST APARTMENT RENT - 2013 AMOUNT: $ 95,710. 2014 AMOUNT: $ 98,400. 2015 AMOUNT: $ 105,870. 2016 AMOUNT: $ 87,340. 2017 AMOUNT: $ 127,660. ROLL AWAY BED RENT - 2013 AMOUNT: $ 4,815. 2014 AMOUNT: $ 7,683. 2015 AMOUNT: $ 8,052. 2016 AMOUNT: $ 5,284. 2017 AMOUNT: $ 6,318. REPAIR AND MAINTENANCE - 2013 AMOUNT: $ 16,102. 2014 AMOUNT: $ 15,212. 2015 AMOUNT: $ 22,692. 2016 AMOUNT: $ 20,403. 2017 AMOUNT: $ 25,187. FURNITURE RENT - 2013 AMOUNT: $ 1,022. 2014 AMOUNT: $ 5,254. 2015 AMOUNT: $ 949. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 0. MEAL REVENUE - 2013 AMOUNT: $ 125,260. 2014 AMOUNT: $ 191,319. 2015 AMOUNT: $ 170,876. 2016 AMOUNT: $ 126,560. 2017 AMOUNT: $ 183,464. OTHER PERSONAL SERVICES - 2013 AMOUNT: $ 20,006. 2014 AMOUNT: $ 17,362. 2015 AMOUNT: $ 14,456. 2016 AMOUNT: $ 13,602. 2017 AMOUNT: $ 12,859. MISCELLANEOUS - 2013 AMOUNT: $ 19,389. 2014 AMOUNT: $ 20,816. 2015 AMOUNT: $ 13,237. 2016 AMOUNT: $ 7,052. 2017 AMOUNT: $ 0. COMMUNITY AND ADMIN FEE - 2013 AMOUNT: $ 7,427. 2014 AMOUNT: $ 1,291. 2015 AMOUNT: $ 2,122. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 11,715. INCOME FROM JOINT VENTURE - 2013 AMOUNT: $ 251,320. 2014 AMOUNT: $ 243,124. 2015 AMOUNT: $ 156,726. 2016 AMOUNT: $ 152,127. 2017 AMOUNT: $ 138,087. 0 0 1 X 156199841 38001303 118198538 6926100 3980954 2945146 24490701 10043222 14447479 135591163 RESIDENT DEPOSITS 214150 DEFERRED RENT 35798840 DUE TO SQLC 653432 REFUNDABLE ENTRANCE FEE LIABILITY 151101308 DUE TO SENIORITY 63680 187831410 PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS THE ORGANIZATION REQUIRES FUTURE RESIDENTS WISHING TO RESERVE SPACE AT THE COMMUNITY TO PAY A DEPOSIT OF 10% OF THE ADVANCE FEE WHICH WILL BE REQUIRED UPON RESIDENCY. THE DEPOSITS ARE HELD IN AN INTEREST-BEARING ACCOUNT UNTIL RESIDENCY IS ESTABLISHED AT WHICH TIME THE RESIDENT PAYS THE BALANCE OF THE REQUIRED ENTRANCE FEE. THE RESIDENT'S DEPOSIT IS RESTRICTED BY THE TEXAS DEPARTMENT OF INSURANCE UNTIL THE RESIDENT TAKES OCCUPANY OF AN APARTMENT. 0 0 0 0 0 0 0 0 0 STAN WATERHOUSE PRESIDENT & CEO (TILL 6/30/17) 0 499832 0 0 0 0 0 0 3639 0 3639 499832 0 0 VANESSA CURTRIGHT BOWLES DIRECTOR OF SALES & MARKET 190152 0 4249 0 0 0 3086 0 11307 0 208794 0 0 0 SUSAN U BRISCOE SALES COUNSELOR 154923 0 3624 0 0 0 2469 0 6031 0 167047 0 0 0 CHRISTOPHER SANTUAE EXECUTIVE DIRECTOR 207011 0 0 0 0 0 4589 0 0 0 211600 0 0 0 LUIS ARGOT EXECUTIVE DIRECTOR 252689 0 0 0 0 0 3116 0 0 0 255805 0 0 0 FORM 990, SCHEDULE J, PART II COMPENSATION OF MANAGING DIRECTOR THE MANAGING DIRECTOR AND OTHER KEY EMPLOYEES ARE PAID THROUGH THE RELATED SUPPORTING ORGANIZATION, SENIOR QUALITY LIFESTYLES CORPORATION (EIN: 36-4502669). HOWEVER, THEIR FORM W-2S ARE ISSUED THROUGH A THIRD-PARTY, PROFESSIONAL EMPLOYER ORGANIZATION, AUREON HR, INC. (EIN: 42-1368750). A TARRANT COUNTY CULTURAL EDU FACILITY FINANCE CORP 043833551 87638RAN7 2006-04-27 85146957 PHASE II CONSTR. & 1999 REFUNDING 0 0 0 B TARRANT COUNTY CULTURAL EDU FACILITY FINANCE CORP 043833551 87638REN3 2015-06-04 55790006 2006 REFINANCING, CONSTRUCTION, RENOVATION, EXPANSION OF COMMUNITY 0 0 0 C TARRANT COUNTY CULTURAL EDU FACILITY FINANCE CORP 043833551 87638REV5 2015-06-04 41743454 2006 REFUNDING 0 0 0 A 103368868 2598244 2798941 1744271 126678 873071 23611580 61705428 2007 0 1 1 1 B 56186607 3240300 2407820 1106928 33420 24753462 8827571 15817106 1 0 0 1 C 41757387 2153645 558770 39044971 2015 1 0 1 1 A 0 1 1 1 0 0.00100 0.00100 0 0 0 B 0 1 1 1 0 0 0 1 C 0 1 1 1 0 0 0 1 A 0 0 0 1 1 1 BARCLAYSDEUTSCHE 5.200000000000 0 1 1 IXIS FUNDING CORP 23.500000000000 1 1 0 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 0 B 0 C 0 SCHEDULE K, PART 1, LINE C, COLUMN C ADDITIONAL CUSIP NUMBER FORM 8038 FOR THE TAX-EXEMPT BONDS ON LINE C HAS TWO CUSIP NUMBERS: 87638REV5 AND 87638REW3 SCHEDULE K, PART II, LINE 3 ADDITIONAL PROCEEDS PROCEEDS OF THE ISSUE ON PART II-LINE 3 INCLUDE INVESTMENT PROCEEDS IN ADDITION TO THE SALES PROCEEDS OF THE ISSUE REPORTED IN PART I-COLUMN E. SCHEDULE K, PART III, LINE 3(A) MANAGEMENT AND SERVICE CONTRACTS THE ORGANIZATION HAS DETERMINED THAT THE COMMUNITY'S MANAGEMENT AND SERVICES CONTRACTS MEET THE SAFE HARBOR PROVISIONS UNDER REV. PROC. 97-13, 1997-1 C.B. 632. SCHEDULE K, PART IV, LINE 2C ARBITRAGE REBATE BASED ON REBATE COMPUTATIONS DATED 11/30/2016 FOR THE SERIES 2006 BONDS AND 7/31/2016 FOR THE SERIES 2015 BONDS, NO REBATE LIABILITY EXISTS AND REPORTING TO THE IRS IS NOT REQUIRED AT THIS TIME. SCHEDULE K, PART III, LINE 9 AND PART IV, LINE 7 WRITTEN MONITORING PROCEDURES THE ORGANIZATION HAS REPRESENTED THAT IT WILL, AND COVENANTED TO, COMPLY WITH ALL TAX REQUIREMENTS IMPOSED BY THE CODE TO SATISFY SECTIONS 141 AND 145 THROUGH 150 OF THE CODE IN THE TAX CERTIFICATE AND LOAN AGREEMENT RELATED TO THE TAX-EXEMPT BOND ISSUE. OTHER THAN THESE REPRESENTATIONS AND COVENANTS, THE ORGANIZATION HAS NOT ADOPTED POST-ISSUANCE MONITORING PROCEDURES. THE ORGANIZATION REALIZES THAT POST-ISSUANCE MONITORING PROCEDURES ARE AN IMPORTANT TOOL IN THE MANAGEMENT OF ISSUES ARISING AFTER TAX-EXEMPT BONDS ARE ISSUED. WHILE THE ORGANIZATION DOES NOT CURRENTLY HAVE DETAILED WRITTEN PROCEDURES, IT HOWEVER HAS CONSULTANTS, WITH WHOM IT CONSULTS FROM TIME TO TIME ON AN AD HOC BASIS, INCLUDING BOND COUNSEL, TO ENSURE ONGOING COMPLIANCE WITH TAX AND SECURITIES LAWS. IN ADDITION, THE ORGANIZATION IS CONSIDERING ESTABLISHING ADDITIONAL POST-ISSUANCE MONITORING PROCEDURES TO ENSURE CONTINUED COMPLIANCE WITH SECTIONS 141 AND 145 THROUGH 150 OF THE CODE. SCHEDULE K, PART V PROCEDURES TO UNDERTAKE CORRECTIVE ACTION NORTHWEST SENIOR HOUSING CORPORATION (THE "CORPORATION") WILL CONSIDER ADOPTING SPECIFIC WRITTEN PROCEDURES TO ENSURE TIMELY CORRECTION OF POTENTIAL VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO ITS BOND ISSUE THROUGH THE USE OF THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. HOWEVER, THE CORPORATION HAS COVENANTED IN ITS MASTER TRUST INDENTURE AND OTHER DOCUMENTS RELATED TO ITS BOND ISSUE TO COMPLY WITH ALL APPLICABLE FEDERAL TAX REQUIREMENTS RELATED TO ITS BOND ISSUE AND THE CORPORATION MAY NOT TAKE CERTAIN ACTIONS, SUCH AS A DISPOSITION OF THE PROJECT OR DEFEASANCE OR REFUNDING OF THE BOND ISSUE, WITHOUT FIRST OBTAINING AN OPINION OF BOND COUNSEL THAT SUCH ACTIONS WILL NOT CAUSE THE BOND ISSUE TO FAIL TO MEET THE FEDERAL TAX REQUIREMENTS APPLICABLE TO THE BOND ISSUE. ADDITIONALLY, THE CORPORATION HAS COVENANTED TO MAINTAIN ALL REQUIRED RECORDS RELATED TO ITS BOND ISSUE FOR FEDERAL TAX COMPLIANCE AND ENGAGES AN EXPERT TO COMPUTE THE CORPORATION'S POTENTIAL REBATE LIABILITY UNDER APPLICABLE ARBITRAGE REBATE REGULATIONS EACH YEAR TO ENSURE TIMELY COMPLIANCE WITH THESE REQUIREMENTS. FORM 990, PART IV, LINE 24(B) INVESTMENT OF TAX-EXEMPT BOND PROCEEDS THE INVESTMENT YIELD DID NOT EXCEED THE YIELD ON THE BONDS, AND THEREFORE, NO REBATE OF ANY ARBITRAGE IS DUE. FORM 990, PART V, LINE 2(A) EMPLOYEES REPORTED THROUGH OUTSOURCED PROFESSIONAL EMPLOYER ORGANIZATION THE ORGANIZATION DID NOT ISSUE FORM W-2S DIRECTLY. THE INDIVIDUALS THAT COMPRISE THE TOTAL LISTED ON LINE 2(A) ARE CONSIDERED EMPLOYEES OF THE ORGANIZATION FOR THE PURPOSES OF PART V. HOWEVER, THE ORGANIZATION UTILIZES A PROFESSIONAL EMPLOYER ORGANIZATION, AUREON HR, INC. (EIN: 42-1368750), WHICH IS THE EMPLOYER OF RECORD, ISSUES ALL W-2S AND ACTS AS AN OUTSOURCED HUMAN RESOURCES AND PAYROLL DEPARTMENT FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS THE FOLLOWING BOARD MEMBERS MAINTAIN A BUSINESS RELATIONSHIP WITH EACH OTHER DUE TO COMMON PARTICIPATION AS OFFICERS OR DIRECTORS OF VARIOUS OTHER RELATED NOT-FOR-PROFIT ENTITIES BY WHICH ONE OR MORE OF THE INDIVIDUALS IS COMPENSATED: BERNIE FRANCIS SUSAN CARTER SCOTT COLLIER FORM 990, PART VI, SECTION A, LINE 6 CORPORATE MEMBER SENIOR QUALITY LIFESTYLES CORPORATION ("SQLC") IS THE SOLE CORPORATE MEMBER OF THE ORGANIZATION. SQLC ACTS AS A SUPPORTING ORGANIZATION, PROVIDING OVERSIGHT, DIRECTION, AND GOVERNANCE SUPPORT, AND WILL MAKE GRANTS AND/OR PROVIDE OTHER FORMS OF FINANCIAL ASSISTANCE AS NEEDED. SQLC, AS THE SOLE MEMBER, HAS AUTHORITY TO ELECT THE BOARD MEMBERS OF THE ORGANIZATION. SQLC, AS THE SOLE MEMBER OF THE ORGANIZATION, HAS ALL OF THE TYPICAL RIGHTS AFFORDED TO A MEMBER OF A TEXAS NONPROFIT CORPORATION, SUCH AS THE RIGHT TO APPROVE ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS, AND THE RIGHT TO APPROVE ANY PROPOSED DISSOLUTION OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A SEE PART VI, SECTION A, LINE 6 FOR EXPLANATION. FORM 990, PART VI, SECTION A, LINE 7B SEE PART VI, SECTION A, LINE 6 FOR EXPLANATION. FORM 990, PART VI, SECTION A, LINE 8B DOCUMENTATION OF MEETINGS LINE 8(B) IS ANSWERED NO BECAUSE THERE ARE NO COMMITTEES IN PLACE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AT THIS TIME. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE BOARD MEMBERS OF NORTHWEST SENIOR HOUSING CORPORATION AND SENIOR QUALITY LIFESTYLES CORPORATION REVIEW THE FORM 990 UPON COMPLETION. THE BOARD REVIEW AND APPROVAL OF THE FORM 990 IS COMPLETED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ENFORCEMENT AND MONITORING ANNUALLY THE CONFLICT OF INTEREST POLICY IS REVIEWED DURING A BOARD MEETING, IN ADDITION TO HAVING THE NECESSARY INDIVIDUALS SIGN THE DISCLOSURE STATEMENT ON AN ANNUAL BASIS. IT IS THE EXPECTATION THAT MANAGEMENT STAFF (COMMUNITY AND CORPORATE) IN ADDITION TO THE MANAGEMENT COMPANY WILL BRING ANY QUESTIONABLE ACTIVITY TO THE ATTENTION OF THE BOARD OR AN OFFICER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW OF MANAGEMENT DURING 2017 THE CEO OF SENIOR QUALITY LIFESTYLES CORPORATION, ALONG WITH THE MANAGEMENT COMPANY, GREYSTONE, AND AUREON, AN INDEPENDENT PAYROLL PROCESSOR, SET THE SALARY FOR THE EXECUTIVE DIRECTOR. BOTH GREYSTONE AND AUREON PROVIDE COMPARATIVE SALARY DATA. THE EXECUTIVE DIRECTOR, GREYSTONE REGIONALS, AND AUREON SET OTHER TOP MANAGEMENT RATES BASED ON MARKET WAGES AND YEARS OF EXPERIENCE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO PUBLIC THE FINANCIAL STATEMENTS ARE POSTED TO NATIONALLY RECOGNIZED ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA). DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION ALSO PROVIDES DOCUMENTS THROUGH THE ANNUAL DISCLOSURE STATEMENT TO THE TEXAS DEPARTMENT OF INSURANCE. FORM 990, PART VI, LINE 3 MANAGEMENT COMPANY GREYSTONE MANAGEMENT IS AN UNRELATED BUSINESS ORGANIZATION ENGAGED BY NORTHWEST SENIOR HOUSING CORPORATION'S BOARD OF DIRECTORS TO PROVIDE MANAGEMENT SERVICES DURING 2017. MANAGEMENT DUTIES INCLUDE HIRING AND RECRUITING QUALIFIED PERSONNEL, PREPARING ANNUAL OPERATING BUDGET FOR SUBMISSION TO THE BOARD OF DIRECTORS, AND ASSISTING IN THE PREPARATION OF MONTHLY AND ANNUAL FINANCIAL REPORTING DISCLOSURES. THE BOARD OF DIRECTORS HAVE FINAL AUTHORITY OVER THE APPROVAL OF THE ANNUAL OPERATING BUDGET, APPROVAL OF MONTHLY AND ANNUAL FINANCIAL REPORTING DISCLOSURES, AND OVERSIGHT OF THE MANAGEMENT COMPANY. FORM 990, PART VII TOP MANAGEMENT AND FINANCIAL OFFICIAL THE MANAGING DIRECTOR IS THE TOP MANAGEMENT OFFICIAL AND TOP FINANCIAL OFFICIAL. PER THE FORM INSTRUCTIONS, THE TOP MANAGEMENT AND FINANCIAL OFFICIALS ARE DEEMED TO BE OFFICERS. FORM 990, PART XII, LINE 2C: COMMITTEE'S OVERSIGHT AND SELECTION PROCESS THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE WAS NO CHANGE TO THE PROCESS DURING THE YEAR. FORM 990, PAGE 1, SECTION G GROSS RECEIPTS PER THE IRS FORM INSTRUCTIONS, THE AMOUNT REPORTED IN BOX G FOR GROSS RECEIPTS INCLUDES PROCEEDS OF $61,888,409 FOR SALE OF SECURITIES AND OTHER ASSETS. SENIOR QUALITY LIFESTYLES CORP (SQLC) 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 364502669 HEALTH CARE TX 501(C)(3) LINE 12C, III-FI N/A 0 BARTON CREEK SENIOR LIVING COMMUNITY INC 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 201203479 HEALTH CARE TX 501(C)(3) LINE 11 SQLC 0 BUCKINGHAM SENIOR LIVING COMMUNITY INC 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 300097872 HEALTH CARE TX 501(C)(3) LINE 11 SQLC 0 TARRANT COUNTY SENIOR LIVING CENTER 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 208068602 HEALTH CARE TX 501(C)(3) LINE 11 SQLC 0 SQLC SENIOR LIVING CTR AT CORPUS CHRISTI 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 261778912 HEALTH CARE TX 501(C)(3) LINE 11 SQLC 0 SQLC CHARITABLE FOUNDATION 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 262474373 FOUNDATION TX 501(C)(3) LINE 7 SQLC 0 MAYFLOWER COMMUNITIES INC 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 261446350 HEALTH CARE DE 501(C)(3) LINE 11 SQLC 0 SENTINEL RIDGE SENIOR LIVING CORPORATION 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 472871995 INACTIVE TX 501(C)(3) LINE 11 SQLC 0 AHHT LLC 8161 TEAL DR 201 EASTON MD 21601 900801215 HEALTH CARE TX NWSHC RELATED 0 0 0.50000 SENIORITY INC 15601 DALLAS PARKWAY SUITE 200 ADDISON TX 75001 943287180 RETIREMENT LIVING TX SQLC C 0 1 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 AHHT LLC P 210013 FMV