2015-11-16T14:21:43-06:00 2014-12-31 LANE GORMAN TRUBITT PLLC 2626 HOWELL STREET SUITE 700 DALLAS TX 752044064 990 2014-01-01 201203479 BARTON CREEK SENIOR LIVING CENTER INC % ARA WEBB BART 2146236116 12720 Hillcrest Road Suite 106 DALLAS TX 75230 CHARLES BREWER PRESIDENT 2146236116 2015-11-16 true Landon McAfee P00047431 2148717500 2014 2016-03-07 17:11:31Z QUERENCIA AT BARTON CREEK CHARLES B BREWER 12720 Hillcrest Road 106 DALLAS TX 75230 27753290 false X www.querenciabartoncreek.com X 2003 TX TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR SENIOR CITIZENS,FEATURING PERSONAL SERVICES, INDEPENDENT & ASSISTED LIVING, MEMORY CARE & SKILLED NURSING 4 3 341 95 0 0 36500 18254725 19515700 217992 285563 94436 100917 18567153 19938680 280 0 0 0 8140612 8585369 0 0 0 13368161 13209781 21509053 21795150 -2941900 -1856470 106566437 106770969 136946870 138964983 -30380433 -32194014 TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR SENIOR CITIZENS, FEATURING PERSONAL SERVICES, INDEPENDENT AND ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. false false 19004034 19616617 A CCRC LIFE CARE COMMUNITY FEATURING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. 19004034 true true false false false false false false true false true true false false true true true false false false false false false false false false false false false true true true false false false false false false false false false true true false false false true false false false true X 73 0 true 341 true false false false false false false false false false false X 4 3 true false false false true true true true false false false true true true true true true true true false X X ARA WEBB 5126109407 2500 BARTON CREEK BLVD AUSTIN TX 78735 X CHARLES B BREWER PRESIDENT 1.0 46.0 X X 0 342004 8330 BERNIE FRANCIS TREASURER & SECRETARY 1.0 7.0 X X 0 6000 0 LEE COOKE DIRECTOR 1.0 0.0 X 0 0 0 MIKE BARRON DIRECTOR 1.0 3.0 X 0 3000 0 STAN WATERHOUSE DIRECTOR 1.0 4.0 X 0 6000 0 JOE ANDERSON DIRECTOR 1.0 5.0 X 0 6000 0 NATE WEYAND EXECUTIVE DIRECTOR 40.0 0.0 X 151621 0 9865 LESLIE DOMINGUEZ DIRECTOR OF MARKETING 40.0 0.0 X 130617 0 2009 282238 363004 20204 2 false true false GREYSTONE MANAGEMENT SERVICES CO 225 E JOHN CARPENTER FWY SUITE 7 IRVING TX 75062 MANAGEMENT SERVICES 394420 SENIOR QUALITY LIFESTYLES CORPORATI 12720 Hillcrest Road Suite 106 DALLAS TX 75230 MANAGEMENT SERVICES 885292 D2 ARCHITECTURE LLC 2001 N LAMAR STREET SUITE 300 DALLAS TX 75202 ARCHITECT SERVICES 193262 HEALTHPRO MANAGEMENT SERVICES 10600 YORK ROAD SUITE 105 COCKEYSVILLE MD 21030 THERAPY SERVICES 181616 LINDA NUNEZ PO BOX 91296 AUSTIN TX 78709 SALON SERVICES 158715 7 36500 36500 36500 RESIDENT SERVICES 623000 19515700 19515700 19515700 335643 335643 57975 57975 0 0 0 0 7706555 7814610 -108055 -108055 -108055 0 0 0 DRYCLEANING AND LAUNDRY 900099 39229 39229 MEAL REVENUE 900099 32902 32902 RESIDENT PERSONAL SERVICES 900099 15100 15100 13686 13686 100917 19938680 19616617 285563 0 0 0 0 161486 145337 16149 0 6911266 6220139 691127 0 937103 843393 93710 575514 517963 57551 873847 873847 52536 47282 5254 50553 45498 5055 0 0 42713 38442 4271 568709 511838 56871 138034 124231 13803 251644 226480 25164 158420 142578 15842 0 2640031 2376028 264003 78794 70915 7879 0 9613 9613 2174281 1956853 217428 0 3654148 3288733 365415 74145 66731 7414 DINING 1491957 1491957 NURSING & ASSISTED LIVING 404943 404943 REPAIRS & MAINTENANCE 293830 264447 29383 HOUSEKEEPING 131210 131210 120373 89036 31337 21795150 19004034 2791116 0 X 4573538 6423885 4143392 1435434 0 0 1295700 2366757 0 0 0 0 0 0 40160 64038 120496 95160 98210048 19319621 80665444 78890427 2953935 3036962 8773951 9962950 0 0 0 0 3999821 4495356 106566437 106770969 2584369 3056023 0 0 7439562 6760157 38142914 37297229 425000 1778612 0 0 0 0 0 0 88355025 90072962 136946870 138964983 X -30380433 -32194014 0 0 0 0 -30380433 -32194014 106566437 106770969 -1856470 42889 X false true X true false X 0 0 18186 0 36500 54686 17976245 19549302 19792647 18254725 19515700 95088619 0 0 0 17976245 19549302 19810833 18254725 19552200 95143305 0 0 0 95143305 114753 170482 248282 273307 393618 1200442 0 114753 170482 248282 273307 393618 1200442 0 218199 189319 1195109 94436 100917 1797980 18309197 19909103 21254224 18622468 20046735 98141727 0.96945 0.96755 0.01223 0.01056 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 5000000 5000000 88181862 16639167 71542695 2351474 1288615 1062859 2676712 1391839 1284873 78890427 0 0 RESIDENT DEPOSIT LIABILITIES 46000 PAYABLE DUE TO SQLC 305910 REFUNDABLE ENTRANCE FEE LIABILITY 89721052 90072962 X 19902356 42889 42889 19859467 42713 36500 79213 19938680 21752437 21752437 42713 42713 21795150 ESCROW AND CUSTODIAL ARRANGEMENTS SCHEDULE D, PART IV, LINE 2(a) The Organization requires future residents wishing to reserve space at the community to pay a deposit of $15,000 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 occupancy of an apartment. FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2 Following is the text from the footnotes of the Organization's audited financial statements: The Organization is a nonprofit organization and is exempt from federal income tax under Section 501(c)(3) of the IRC. For the years ended December 31, 2014 and 2013, the Organization had no material unrelated business income. Accordingly, no provision for federal income tax has been made in the accompanying financial statements. The Organization evaluates tax positions taken or expected to be taken in the course of preparing the Organization's tax returns to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more likely than not threshold would be recorded as a tax benefit or expense in the current year. Reconciliation is not provided herein, as the beginning and ending amounts of unrecognized benefits are zero, with no interim additions, reductions, or settlements. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. The Organization's informational returns filed in the U.S. federal jurisdiction are generally subject to examination for three years after the later of the due date or date of filing. As a result, the Organization is no longer subject to income tax examinations by tax authorities for years prior to 2011. RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 4B $36,500 NON-CASH CONTRIBUTIONS OF ARTWORK INCLUDED ON RETURN NOT ON BOOKS. false false false false false false false false false CHARLES B BREWER PRESIDENT 0 276004 0 66000 0 0 0 0 0 8330 0 350334 0 0 NATE WEYAND EXECUTIVE DIRECTOR 120621 0 31000 0 0 0 0 0 9865 0 161486 0 0 0 COMPENSATION OF THE EXECUTIVE DIRECTOR FORM 990, SCHEDULE J, PART II THE EXECUTIVE 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, MERIT RESOURCES, INC. (EIN: 42-1368750). A Travis County Health Facilities Development Corp 742251752 89439RAJ3 2005-09-29 110229796 CONSTRUCTION OF CCRC FACILITY false false false A 73280000 0 116752537 3046378 9168877 0 2204596 1088090 4306032 94545678 3167185 0 2007 false false true true A false true true true false 0.00100 0.00000 0.00100 false false 0.00000 false false A false false false true true true LEHMAN BROS 3.5 false true false 0 true false A false Additional Proceeds Schedule K, Part II, Line 3 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. Management and Service Contracts Schedule K, Part III, Line 3(a) 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. Procedures To Undertake Corrective Action SCHEDULE K, PART V BARTON CREEK SENIOR LIVING CENTER, INC. (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. Arbitrage Rebate SCHEDULE K, PART IV, LINE 2C BASED ON REBATE COMPUTATIONS DATED 9/28/2010 AND 10/31/12, NO REBATE LIABILITY EXISTS AND REPORTING TO THE IRS IS NOT REQUIRED AT THIS TIME. Written Monitoring Procedures SCHEDULE K, PART III, LINE 9 AND PART IV, LINE 7 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. X 3 36500 APPRAISAL 0 false false false Business Relationships among Board of Directors Form 990, Part VI, Section A, Line 2 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: CHARLES B. BREWER BERNIE FRANCIS MIKE BARRON STAN WATERHOUSE JOE ANDERSON Management company FORM 990, PART VI, SECTION A, LINE 3 Greystone Management is an unrelated business organization engaged by THE BOARD OF DIRECTORS OF BARTON CREEK SENIOR LIVING CENTER, INC. to provide management services. 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. CORPORATE MEMBER FORM 990, PART VI, SECTION A, LINEs 6, 7(A) AND 7(B) Senior Quality Lifestyles Corporation (SQLC) is the sole 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 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. COMPENSATION REVIEW of MANAGEMENT FORM 990, PART VI, SECTION B, LINE 15 The CEO of Senior Quality Lifestyles Corporation, along with the management company, Greystone, and Merit Resources, Inc., an independent professional employer organization, set the salary for the Executive Director. Both Greystone and Merit Provide Comparative Salary Data. The Executive Director, Greystone Regionals, and Merit set other top management rates based on market wages and years of experience. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 THE BOARD MEMBERS OF BARTON CREEK SENIOR LIVING CENTER, SENIOR QUALITY LIFESTYLES CORPORATION AND GREYSTONE COMMUNITIES, THE MANAGEMENT COMPANY, REVIEW THE FORM 990 UPON COMPLETION. The board review and approval of the Form 990 is COMPLETED prior to filing. DOCUMENTS AVAILABLE TO PUBLIC FORM 990, PART VI, SECTION C, LINE 19 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. TOP MANAGEMENT AND FINANCIAL OFFICIAL FORM 990, PART VII The executive 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. EMPLOYEES REPORTED THROUGH OUTSOURCED PROFESSIONAL EMPLOYER ORGANIZATION FORM 990, PART V, LINE 2(A) 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, MERIT RESOURCES, INC. (EIN: 42-1368750), WHICH IS THE EMPLOYER OF RECORD, ISSUES ALL W-2S AND ACTS AS AN OUTSOURCED HUMAN RESOURCES PAYROLL DEPARTMENT FOR THE ORGANIZATION. INVESTMENT OF TAX-EXEMPT BOND PROCEEDS FORM 990, PART IV, LINE 24B The investment yield did not exceed the yield on the bonds, and therefore, no rebate of any arbitrage is due. CONFLICT OF INTEREST POLICY ENFORCEMENT AND MONITORING FORM 990, PART VI, SECTION B, LINE 12(C) 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. GROSS RECEIPTS FORM 990, PAGE 1, SECTION G Per the IRS form instructions, the amount reported in Box G for gross receipts includes security sales proceeds of $7,706,555. BENEVOLENT CARE FORM 990 The Organization provides care to residents who meet certain criteria under its benevolent care policy without charge or at amounts less than its established rates. Because the Organization does not pursue collection of amounts determined to qualify as benevolent care, they are not reported as revenue. Such residents are identified based on financial information obtained from the resident and subsequent analyses. SENIOR QUALITY LIFESTYLES CORP (SQLC) 12720 Hillcrest Road STE 106 DALLAS TX 75230 364502669 HEALTH CARE TX 501(c)(3) 11-II NA false BUCKINGHAM SENIOR LIVING COMMUNITY INC 12720 Hillcrest Road STE 106 DALLAS TX 75230 300097872 HEALTH CARE TX 501(c)(3) 9 SQLC false SQLC SENIOR LIVING CTR AT CORPUS CHRISTI 12720 Hillcrest Road STE 106 DALLAS TX 75230 261778912 HEALTH CARE TX 501(c)(3) 9 SQLC false NORTHWEST SENIOR HOUSING CORPORATION 12720 Hillcrest Road STE 106 DALLAS TX 75230 752771278 HEALTH CARE TX 501(c)(3) 9 SQLC false SQLC CHARITABLE FOUNDATION 12720 Hillcrest Road STE 106 DALLAS TX 75230 262474373 FOUNDATION TX 501(c)(3) 7 SQLC false TARRANT COUNTY SENIOR LIVING CENTER INC 12720 Hillcrest Road STE 106 DALLAS TX 75230 208068602 HEALTH CARE TX 501(c)(3) 9 SQLC false MAYFLOWER COMMUNITIES INC 12720 HILLCREST ROAD STE 106 DALLAS TX 75230 261446350 HEALTH CARE DE 501(c)(3) 9 SQLC false TANGLEWOOD SENIOR LIVING CENTER 12720 Hillcrest Road STE 106 DALLAS TX 75230 261778214 INACTIVE TX SQLC C CORP 0 0 false SQLC SENIOR LIVING CTR AT ALAMO HEIGHTS 12720 Hillcrest Road STE 106 DALLAS TX 75230 272566984 INACTIVE TX SQLC C CORP 0 0 false false false false false false false false false false false false true true true true true true true true NA