2016-11-13T09:05:59-00:00 2015-12-31 990 2015-01-01 521404857 AIR FORCE RETIRED OFFICERS COMMUNITY - WASHINGTON DC AIRF 7034045145 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 Hardy M Lister CFO CFO 7034045145 2016-11-14 false Hardy M Lister 2016-11-14 2015 2017-02-10 21:41:12Z FALCONS LANDING BARBARA BRANNON 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 30851633 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 10 425 80 0 456228 525789 27801123 29776904 603109 548940 0 28860460 30851633 65000 65000 0 14323980 15152554 0 0 13467367 13881154 27856347 29098708 1004113 1752925 76096838 79637104 91684464 94406127 -15587626 -14769023 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 13585437 20761324 PROVIDE HOUSING FOOD AND OTHER SERVICES TO 404 INDEPENDENT LIVING RESIDENTS OF A RETIREMENT COMMUNITY 12208729 8701897 PROVIDE HOUSING, NURSING, FOOD AND OTHER SERVICES TO 122 HEALTH CENTER RESIDENTS OF A RETIREMENT COMMUNITY 65000 65000 14,269 HOURS OF RESIDENT VOLUNTEER HOURS TO THE COMMUNITY VALUED AT 333,177, 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. 86,000 IN RESIDENT DONATIONS TO THE LOCAL FIRE RESCUE SQUAD. 24,000 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 65,000 IN SCHOLARSHIPS TO LOUDOUN COUNTY HIGH SCHOOL SENIORS 25859166 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 0 0 true 425 true 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 WILLIAM TIMME CHAIRMAN 005.00 X X 0 0 0 STEPHEN PLUMMER VICE CHAIRMAN 005.00 X X 0 0 0 PAT DUNNE SECRETARY 005.00 X X 0 0 0 LAUREN LLOYD TREASURER 005.00 X X 0 0 0 MARY PAT COUIG DIRECTOR 005.00 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 BARBARA BRANNON PRESIDENT/CEO 040.00 X 303888 0 38838 HARDY LISTER CFO 040.00 X 211726 0 28666 FRED SIMPSON HUMAN RESOURCES DIRECTOR 040.00 X 134489 0 4695 PETER PLANTE PLANT OPERATIONS DIRECTOR 040.00 X 146696 0 4717 ANN MECHERIKUNNEL MEDICAL DIRECTOR 020.00 X 141760 0 135 938559 77051 7 false true false BEST CHOICE CONSTRUCTION INC 7404 KALLENBURG COURT MANASSAS VA 20111 CONSTRUCTION 1094233 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 THERAPY SERVICES 908537 STERLING APPLIANCE 21800 TOWN CENTER PLAZA STERLING VA 20165 APPLIANCE INSTALLATION 193213 QUALITY CARPET ONE INC 10232 HARRY J PARRISH BLVD MANASSAS VA 20110 FLOOR INSTALLATION 360820 TOWN & COUNTRY LANDSCAPING PO BOX 1128 LORTON VA 22199 LANDSCAPING 229309 7 525789 525789 EARNED ENTRANCE FEES 623990 5301780 5301780 MONTHLY MAINTENANCE FEES 623990 15459544 15459544 HEALTHCARE SERVICE FEES 623990 8701897 8701897 OTHER PRGRAM SERVICE REVENUE 519100 313683 313683 29776904 548940 548940 30851633 29463221 862623 0 65000 65000 0 0 682396 151251 531145 0 11857250 10719124 1138126 316244 309390 6854 1389769 1311262 78507 906895 804559 102336 0 10435 10435 56723 56723 0 0 43155 11625 31530 179624 23197 156427 100337 43782 56555 407061 27954 379107 0 1075509 1075509 13893 3194 10699 0 42052 9836 32216 1529161 1529161 0 4961448 4961448 456210 456210 Food 1441250 1441250 Maintenance 783713 778568 5145 Medicare 1197778 1197778 Supplies and Equipment 1001343 957109 44234 581462 438169 143293 29098708 25859166 3239542 0 X 1321784 1163617 5233790 9201075 499052 907534 1162024 873937 103175756 45802114 58464805 57373642 9415383 10117299 76096838 79637104 23430144 25297106 31436441 32291142 36126879 36126879 691000 691000 91684464 94406127 X -16238565 -15215605 650939 446582 -15587626 -14769023 76096838 79637104 1752925 -934322 X X false X true X true false X 0 0.00000 442961 424426 883164 456228 525789 2732568 26373623 27249873 27796788 27506141 29463221 138389646 26816584 27674299 28679952 27962369 29989010 141122214 141122214 266436 295971 530108 682182 529056 2303753 0 266436 295971 530108 682182 529056 2303753 0 338279 359462 306616 294982 313683 1613022 27421299 28329732 29516676 28939533 30831749 145038989 0.97300 0.97380 0.01590 0.01480 X Part III Section B Line 12 OTHER INCOME FROM THE BEAUTY SALON GUEST MEALS GUEST ROOMS EMPLOYEE MEALS ETC RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 854230 135248 467784 521694 false 6963112 6963112 73169625 18903707 38765786 4691017 2605663 1628509 18352002 3594997 10016235 57373642 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Priority Deposits 691000 691000 X 29917311 -934322 -934322 30851633 30851633 29098708 29098708 29098708 X 1 THE COMPANY 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 2015 AND 2014 THE COMPANYS FEDERAL INCOME TAX RETURN REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE IV 1a FALCONS LANDING HAS AN ESCROW AGREEMENT WITH CARDINAL BANK THE ESCROW ACCOUNT CONSISTS OF WAIT LIST AND RESERVATION DEPOSITS FROM INDIVIDUALS WHO HAVE NOT MOVED IN YET AN INDIVIDUAL NINE MONTH NO PENALTY CD IS ISSUED FOR EACH WAIT LIST AND RESERVATION DEPOSIT THE DEPOSIT BECOMES PART OF THE RESIDENTS ENTRANCE FEE PAYMENT IF THEY MOVE IN OR IS REFUNDED TO THEM IF THEY DO NOT MOVE IN true High School Scholarships 13 65000 Part I Line 2 A POLICY HAS BEEN DEVELOPED FOR THE USE OF BENEVOLENT FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO RESIDENTS THE CFO RECEIVES REVIEWS AND VERIFIES REQUESTS FOR FINANCIAL ASSISTANCE THE REQUESTS ARE THEN FORWARDED TO THE BENEVOLENT COMMITTEE AND THEN TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL X X false false false false false false false false false PETER PLANTE PLANT OPERATIONS DIRECTOR 146696 4555 162 151413 BARBARA BRANNON PRESIDENT/CEO 303888 32809 6028 342725 HARDY LISTER CFO 211726 24249 4417 240392 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 A 41775015 56675015 56675015 1996 true false false true B 21226879 21226879 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 A true false false false false false B false true false false false false false A false B false 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 AUDITORS AND THE AUDIT FINDINGS THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS Form 990, Part X, Line 10b ACCUMULATED DEPRECIATION DECREASED FROM 61,574,888 TO 45,802,114 THIS WAS DUE TO WRITING OFF 20,697,747 OF FULLY DEPRECIATED ASSETS DURING THE YEAR. THIS WAS AN ACCOUNTING ADJUSTMENT TO REMOVE ASSETS THAT HAD BEEN DISPOSED OF OVER THE COURSE OF OUR 20 YEAR HISTORY BUT NOT REMOVED FROM OUR CAPITAL ASSET RECORDS