2017-11-11T11:07:48-00:00 2016-12-31 990 2016-01-01 521404857 AIR FORCE RETIRED OFFICERS COMMUNITY - WASHINGTON DC AIRF 7034045145 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 Hardy M Lister CFO CFO 2017-11-11 false Hardy M Lister 2016-11-11 74.93.118.141 2017-11-13 13:27:52 ES P D916CB99C5C6879B041139602C7CF61E6DFF4019 D916CB99C5C6879B041139602C7CF61E6DFF4019 2016 2018-03-14 21:41:22Z FALCONS LANDING BARBARA BRANNON 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 30750941 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 12 12 424 83 0 525789 329197 29776904 29799574 548940 445581 0 30851633 30574352 65000 109467 0 15152554 15895841 0 0 13881154 14016872 29098708 30022180 1752925 552172 79637104 79784448 94406127 93093940 -14769023 -13309492 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 14037157 21630348 PROVIDE HOUSING FOOD AND OTHER SERVICES TO 410 INDEPENDENT LIVING RESIDENTS OF A RETIREMENT COMMUNITY 12538682 39467 8169226 PROVIDE HOUSING, NURSING, FOOD AND OTHER SERVICES TO 107 HEALTH CENTER RESIDENTS OF A RETIREMENT COMMUNITY 70000 70000 14,296 HOURS OF RESIDENT VOLUNTEER HOURS TO THE COMMUNITY VALUED AT 372,983, INCLUDING THE AARP TAX AIDE PROGRAM, MEALS ON WHEELS, SUPPORT TO PUBLIC SCHOOL PROGRAMS SUCH AS HEAD START, HANDMADE TEDDY BEARS FOR THE FIRE RESCUE AND LOUDOUN HOSPITAL, SPECIAL OLYMPICS AND MANY OTHER PROGRAMS. 82,711 IN RESIDENT DONATIONS TO THE LOCAL FIRE RESCUE SQUAD. 13,200 OF DONATIONS BY THE RESIDENT CHAPEL COMMITTEE TO VARIOUS LOCAL CHARITIES. PROVIDED BALLROOM AND MEETING ROOM SPACE TO OUTSIDE NOT-FOR-PROFIT ORGANIZATIONS AND FOR OTHER COMMUNITY ACTIVITIES. AWARDED 70,000 IN SCHOLARSHIPS TO LOUDOUN COUNTY HIGH SCHOOL SENIORS 26645839 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 40 0 true 424 true false false false false false false false false false false X 12 12 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 WILLIAM TIMME CHAIRMAN 005.00 X X 0 0 0 STEPHEN PLUMMER VICE CHAIRMAN 005.00 X X 0 0 0 LAUREN LLOYD TREASURER 005.00 X X 0 0 0 MARY PAT COUIG SECRETARY 005.00 X X 0 0 0 ROBERT WORLEY DIRECTOR 005.00 X 0 0 0 TED BOWLDS DIRECTOR 005.00 X 0 0 0 MIKE ROSSI DIRECTOR 005.00 X 0 0 0 ED RODRIGUEZ DIRECTOR 005.00 X 0 0 0 GEORGE EICHERT DIRECTOR 005.00 X 0 0 0 SCOTT CUSTER DIRECTOR 005.00 X 0 0 0 KEVIN GREEN DIRECTOR 005.00 X 0 0 0 STEVEN LEPPER DIRECTOR 005.00 X 0 0 0 PAT DUNNE DIRECTOR 005.00 X 0 0 0 BARBARA BRANNON PRESIDENT/CEO 040.00 X 249513 0 59539 HARDY LISTER CFO 040.00 X 212326 0 7976 ANN MECHERIKUNNEL MEDICAL DIRECTOR 020.00 X 172024 0 0 FRED SIMPSON HUMAN RESOURCES DIRECTOR 040.00 X 133153 0 5131 ROBERT BESSERER DINING DIRECTOR 040.00 X 119382 0 2548 REBECCA DAILY MARKETING DIRECTOR 040.00 X 112424 0 2128 LLENA STA ANA DIRECTOR OF NURSING 040.00 X 116951 0 4955 SANDI HALL HEALTH CENTER ADMINISTRATOR 040.00 X 114677 0 4999 1230450 87276 8 false true false BEST CHOICE CONSTRUCTION INC 7404 KALLENBURG COURT MANASSAS VA 20111 CONSTRUCTION 1291979 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 THERAPY SERVICES 924832 STERICYCLE INC PO BOX 6582 CAROL STREAM IL 60197 HAZARDOUS WASTE 215054 LOUDOUN VALLEY FLOORS 129 N BAILEY LANE UNIT C PURCELLVILLE VA 20132 FLOOR INSTALLATION 170655 TOWN & COUNTRY LANDSCAPING PO BOX 1128 LORTON VA 22199 LANDSCAPING 380705 14 329197 329197 EARNED ENTRANCE FEES 623990 5555461 5555461 MONTHLY MAINTENANCE FEES 623990 15803919 15803919 HEALTHCARE SERVICE FEES 623990 8169226 8169226 OTHER PRGRAM SERVICE REVENUE 623990 270968 270968 29799574 591411 591411 30759 176589 30759 -176589 -145830 30574352 29799574 591411 0 109467 109467 0 0 653312 171853 481459 0 12188604 10949795 1238809 323608 317924 5684 1775015 1672497 102518 955302 844288 111014 0 80924 80924 51677 51677 0 0 158791 156003 2788 232716 4121 228595 94970 44276 50694 428043 25478 402565 0 981444 981444 6471 1617 4854 0 49921 14221 35700 1506274 1506274 0 4960408 4960408 412396 412396 Food 1443174 1443174 Maintenance 1043783 1041213 2570 Medicare 1066238 1066238 Supplies and Equipment 992358 979563 12795 507284 355985 151299 30022180 26645839 3376341 0 1163617 874556 9201075 9989771 907534 518898 873937 493313 106945236 50762527 57373642 56182709 10117299 11725201 79637104 79784448 2810222 2966908 32291142 32995751 36126879 33354503 23177884 23776778 94406127 93093940 X -15215605 -13776784 446582 467292 -14769023 -13309492 79637104 79784448 552172 907359 X X false true X true false X 0 0.00000 424426 883164 456228 525789 329197 2618804 27249873 27796788 27506141 29463221 29528606 141544629 27674299 28679952 27962369 29989010 29857803 144163433 144163433 295971 530108 682182 529056 591411 2628728 0 295971 530108 682182 529056 591411 2628728 0 359462 306616 294982 313683 270968 1545711 28329732 29516676 28939533 30831749 30720182 148337872 0.97190 0.97300 0.01770 0.01590 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 521694 882420 392624 1011490 false 6963112 6963112 75931112 37520847 38410265 5068508 3267869 1800639 18982504 9973811 9008693 56182709 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Priority Deposits 696000 Annuities Payable 363150 Refundable Advance Fees 22717628 23776778 X 31481711 907359 907359 30574352 30574352 30022180 30022180 30022180 IV 1A FALCONS LANDING MAINTAINS AN ESCROW ACCOUNT FOR INDIVIDUALS WHO HAVE PLACED WAIT LIST AND RESERVATION AGREEMENT DEPOSITS PENDING THEIR MOVE IN THESE DEPOSITS ARE COMPLETELY REFUNDABLE AND ALL INTEREST ACCRUES TO THE INDIVIDUAL X 2 FALCONS LANDING ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2016 AND 2015 THE COMPANYS FEDERAL INCOME TAX RETURN REMAINS SUBJECT TO EXAMINATIN BY THE INTERNAL REVENUE SERVICE true Financial Assistance to Residents 1 39467 High School Scholarships 14 70000 Part I Line 2 A POLICY HAS BEEN DEVELOPED FOR THE USE OF BENEVOLENCE FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO RESIDENTS THE CFO RECEIVES REVIEWS AND VERIFIES REQUESTS FOR FINANCIAL ASSISTANCE THE REQUESTS ARE THEN FORWARDED TO THE BENEVOLENCE COMMITTEE AND THEN TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL X X false false false false false false false false false BARBARA BRANNON PRESIDENT/CEO 219545 29968 59000 539 309052 HARDY LISTER CFO 178735 5234 28357 7436 539 220301 ANN MECHERIKUNNEL MEDICAL DIRECTOR 171853 171 172024 A INDUSTRIAL DEVELOPMENT AUTHORITY OF LOUDOUN COUNTY 521310230 54589PCA6 2004-08-01 56900000 PROVIDE FUNDS TO REFUND MARCH 1, 1998 BONDS false false false B INDUSTRIAL DEVELOPMENT AUTHORITY OF LOUDOUN COUNTY 521310230 2014-09-01 21226879 REDEEM SERIES A OF 2004 BOND ISSUE false false false C INDUSTRIAL DEVELOPMENT AUTHORING OF LOUDOUN COUNT 521310230 2016-11-01 32625477 REDEEM SERIES B OF 2004 BOND ISSUE REDEEM SRIES 2014 BOND ISSUE false false false A 41775015 56675015 56675015 1996 true false false true B 21226879 21226879 21226879 true false false true C 99662 32625477 32624477 true false false true A false true true true false 0.00393 0.00393 false false false B false true true true false 0.00393 0.00393 false false false C false true true true false 0.00393 0.00393 false false false A true false false false false false B false true false false false false false C false true false false false false false A false B false Part II Line 3A TOTAL PROCEEDS WERE NOT IDENTICAL TO THE ISSUE PRICE BECAUSE THE BONDS WERE ISSUED AT A DISCOUNT 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 AND PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT 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 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 WILLIAM TIMME STEPHEN PLUMMER LAUREN LLOYD AND ED RODRIGUEZ ALL OF THE EXECUTIVE COMMITTEE MEMBERS ARE MEMBERS OF THE BOARD OF DIRECTORS