2016-09-12T18:26:17-05:00 2016-03-31 920116098 KOHLER SCHMITT & HUTCHISON PC PO BOX 70607 FAIRBANKS AK 997070607 990 2015-04-01 201253962 RETIREMENT COMMUNITY OF FAIRBANKS RETI 9073745016 949 MCGOWN STREET FAIRBANKS AK 99701 KATHY ELLINGSON PRESIDENT 9073745016 2016-09-09 true GARRY HUTCHISON P00411208 9074566676 2016-09-09 2015 2017-02-10 21:41:12Z KATHY ELLINGSON 949 MCGOWN STREET FAIRBANKS AK 99701 2458681 false X WWW.RAVENLANDING.ORG X 2004 AK THE ORGANIZATION'S MISSION IS PROVIDE A DYNAMIC RESIDENCE FOR FAIRBANKS SENIORS WHERE DIVERSITY, SECURITY, HEALTHY LIVING, INDEPENDENCE, AND MUTUAL ASSISTANCE ARE CORE VALUES, AND A VIBRANT COMMUNITY CENTER FOR FAIRBANKS AREA EVENTS AND SENIOR ACTIVITIES 11 10 38 34 239437 -24402 164524 266735 1706720 2116742 563 549 203121 74655 2074928 2458681 0 0 621613 661046 0 19759 1763015 1921681 2384628 2582727 -309700 -124046 22013832 29874935 8097843 16082992 13915989 13791943 X THE ORGANIZATION'S MISSION IS PROVIDE A DYNAMIC RESIDENCE FOR FAIRBANKS SENIORS WHERE DIVERSITY, SECURITY, HEALTHY LIVING, INDEPENDENCE, AND MUTUAL ASSISTANCE ARE CORE VALUES, AND A VIBRANT COMMUNITY CENTER FOR FAIRBANKS AREA EVENTS AND SENIOR ACTIVITIES false false 1485079 1353820 RETIREMENT COMMUNITY OF FAIRBANKS PROVIDES MARKET-RATE RENTAL HOUSING TO SENIORS. DURING 2016, THREE FACILITIES (20 UNITS EACH) WERE RENTED FOR THE FULL YEAR. A NEW FACILITY OPENED FOR 1 MONTH IN FY16 TO PRODUCE RENTAL INCOME. 878460 762922 THE COMMUNITY CENTER IS THE CORE OF RAVEN LANDING COMMUNITY. IT IS THE GATHERING PLACE FOR FAIRBANKS SENIORS WITH MANY CLASSES, INTEREST GROUP MEETINGS, A LOUNGE, AND LIBRARY FOR RELAXING AND VISITING WITH FRIENDS. A SKILLED AND CREATIVE CATERING STAFF IS AVAILABLE ON SITE TO PROVIDE MEALS FOR ANY SIZE GROUP. 2363539 true true false false false false false false false false true false false false true true true false false false false false false false true false false false false false false false false false false true false false false false false false false false false false false true 11 0 38 true true true false false false false false false false false false false false X 11 10 false false false false false false false true true false false true true false false false false false false false X X SUSAN MOTTER 9073745016 PO BOX 73006 FAIRBANKS AK 99707 KAREN PARR FY16 PRESIDE 2.00 X X 0 0 0 MEG MARY GREENE VICE PRESIDE 1.50 X X 0 0 0 KATHY ELLINGSON PRESIDENT 0.50 X X 0 0 0 MIKE COOK TREASURER 0.50 X X 0 0 0 MIKE FISHER DIRECTOR 0.50 X 0 0 0 ARLAYNE KNOX DIRECTOR 2.00 X 0 0 0 RANDY CHEAP DIRECTOR 0.50 X 0 0 0 EMILY ENNIS DIRECTOR 0.50 X 0 0 0 MARY ANN BORCHERT SECRETARY 2.00 X X 0 0 0 GALEN JOHNSON DIRECTOR 0.50 X 0 0 0 PEGGY POLLEN DIRECTOR 0.50 X 0 0 0 SUSAN MOTTER GENERAL MANA 50.00 X 72405 0 0 72405 false false false 266735 16250 266735 COMMUNITY CENTER 531110 523485 523485 RAVEN LANDING II 531110 461231 461231 RAVEN LANDING III 531110 437012 437012 RAVEN LANDING I 531110 430112 430112 COMMUNITY CENTER 722320 239437 239437 25465 25465 2116742 549 549 62466 62466 MISC INCOME 531110 6310 6310 APPLICATION FEES 531110 5879 5879 12189 2458681 1889494 239437 549 70669 45935 24734 518002 435864 82138 20230 16576 3654 52145 42680 9465 275 100 175 25070 25070 11087 11087 54429 23466 11204 19759 366010 363950 2060 450317 424613 25704 589729 589729 88438 85125 3313 TENANT SERVICES 207165 207100 65 COGS 84119 84119 TELEPHONE 28582 26864 1718 TRAVEL & MEETINGS 7409 5570 1839 9051 11848 -2797 2582727 2363539 199429 19759 166240 100573 296138 625831 8460 15030 15714 118914 76072 31076125 2112225 21398538 28963900 6733 54514 18809 23301 22013832 29874935 106969 171053 7710479 15536152 280395 375787 8097843 16082992 X 4314848 4099108 9601141 9692835 13915989 13791943 22013832 29874935 -124046 X false true X true false X 4010887 6263934 1872311 164524 266735 12578391 4010887 6263934 1872311 164524 266735 12578391 12578391 803 706 871 563 549 3492 521292 1046783 1630648 1713670 1889494 6801887 19383770 6864353 0.64890 0.74910 X PART II, LINE 10 PROGRAM REVENUE 6,801,887 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3674832 3674832 26719910 1884921 24834989 525641 207189 318452 155742 20115 135627 28963900 PREPAID RENT 194844 PREPAID DEPOSITS 106984 LINE OF CREDIT 50000 DEFERRED INTEREST 23959 375787 X 2496409 37728 37728 2458681 2458681 2620455 37728 37728 2582727 2582727 SCHEDULE D, PAGE 3, PART X PART X - FIN 48 FOOTNOTE RETIREMENT COMUUNITY OF FAIRBANKS IS EXEMPT FROM INCOME TAXES AS A NONPROFIT CORPORATION UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION. FASB ASC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REQUIRES RECOGNITION OF LIABILITIES FOR UNCERTAIN TAX POSITIONS, WHERE A LIABILITY WOULD MORE LIKELY THAN NOT BE ASSESSED BY A TAXING AUTHORITY. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITION AND DETERMINED THER ARE NO LIABILTIES REQUIRED TO BE RECOGNIZED. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY THE FEDERAL OR STATE GOVERNEMNT FOR TAX YEARS PRIOR TO 2013. SCHEDULE D, PAGE 4, PART XII, LINE 4B ERROR ON AMORTIZATION -1,626 BOOK / TAX DEPRECIATION DIFFERENCE 1,626 AK CROSS THE FINIS 47942 47942 ART AUCTION 14524 14524 62466 62466 62466 KAREN PARR PRESIDENT 26580 RENT false ARLAYNE KNOX DIRECTOR 32160 RENT false KAREN PARR PRESIDENT 31027 DONATIONS false ARLAYNE KNOX DIRECTOR 5000 DONATIONS false PEGGY POLLEN DIRECTOR 11000 DONATION false MEG GREENE DIRECTOR 7000 DONATION false MIKE FISCHER DIRECTOR 6000 DONATION false RASMUSSON FOUNDATION CONTRIBUTOR 135000 GRANT/DONATION false FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION'S MISSION IS PROVIDE A DYNAMIC RESIDENCE FOR FAIRBANKS SENIORS WHERE DIVERSITY, SECURITY, HEALTHY LIVING, INDEPENDENCE, AND MUTUAL ASSISTANCE ARE CORE VALUES, AND A VIBRANT COMMUNITY CENTER FOR FAIRBANKS AREA EVENTS AND SENIOR ACTIVITIES FORM 990, PAGE 1, PART I, LINE 6 FRONT OFFICE RECEPTIONIST VOLUNTEER HOURS ARE FOR FIVE DAYS A WEEK AND SIX HOURS A DAY FORM 990, PAGE 6, PART VI, LINE 11B COPY OF FORM 990 REVIEWED BY BOARD MEMBER FOR CONTENT. ONCE ALL INFORMATION WAS COMPLETED, THE FINAL FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PAGE 6, PART VI, LINE 19 POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON WRITTEN REQUEST. FORM 990, PART XI, LINE 9 ERROR ON AMORTIZATION -1,626 BOOK / TAX DEPRECIATION DIFFERENCE 1,626