2015-02-12T12:28:15-08:00 2014-09-30 RK Taylor & Associates 2890 North Main St Suite 305 Walnut Creek CA 94597 990 2013-10-01 860176446 American Baptist Estates Inc The Terraces AMER 9259247100 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Pamela S Claassen CFO 2015-02-12 true John M Kikuchi P00009948 9259447662 2013 2016-03-07 17:11:31Z Jeff Glaze 6120 Stoneridge Mall Rd Pleasanton CA 94588 21139841 false false X www.theterracesphoenix.com X 1959 AZ A diverse,caring,vibrant,interfaith community that values each person's uniqueness thru spiritual fulfillment, intellectual enhancement,physical health and social engagement. Our senior adults are encouraged to sustain and enhance their independence at all stages of life. 8 8 280 0 27588 596216 20594225 20291890 170333 251735 0 20792146 21139841 0 0 9281094 9442535 0 0 18717984 13169889 27999078 22612424 -7206932 -1472583 67202219 68123965 112834471 115137965 -45632252 -47014000 American Baptist Estates is a CCRC that provides housing and health care for the elderly.Cornerstone is the sole member of American Baptist Estates (ABE) whose sole asset is the continuing care retirement community, The Terraces of Phoenix. American Baptist Homes of the West (ABHOW) manages the community. The outstanding debt of ABE is non-recourse to ABHOW.Additional information on ABE can be obtained from its website at www.theterracesphoenix.com as well as from contacting the Corporate Office at (925) 924-7100. false false 20130807 20291890 American Baptist Estates is a CCRC that provides housing and health care for the elderly. 20130807 true true false false false false false false false false true false false false true true true true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false false true 48 0 true 280 true false false false false false false false false 0 false false false false false false false false false false X 8 8 false true false false true true true true true false false true true true true true true true false false X X Pamela Claassen 9259247117 6120 Stoneridge Mall Rd Pleasanton CA 94588 Jeannette Wright Secretary 2.00 0.00 X 0 0 0 Gene Buchli Board Member 2.00 0.00 X 0 0 0 David C Helgeson PhD Board Member 2.00 0.00 X 0 0 0 Christine S Brochick Board Member 2.00 0.00 X 0 0 0 Diane Puike Board Member 2.00 0.00 X 0 0 0 Linda Zale Chairman 2.00 0.00 X 0 0 0 Al Birkelbach Board Member 2.00 0.00 X 0 0 0 Bill Beamon Vice Chair 2.00 0.00 X 0 0 0 Jeff Glaze President 2.00 40.00 X 0 361631 72118 Pamela S Claassen CFO 2.00 40.00 X 0 385840 81354 Tom Dorough Exec Dir 40.00 0.00 X 153466 0 23343 Adam Utan Dir Health Svc 40.00 0.00 X 114887 0 9506 Marcia Kooiman Dir Nursing 40.00 0.00 X 102699 0 10055 371052 747471 196376 3 false true false Sodexo PO Box 536922 Atlanta GA 30353 Dining Svc 1792159 Aegis Therapies Inc PB Box 8103 Fort Smith AR 72902 Nursing 1046235 Stevens Leinweber Construction 9590 E Ironwood Sq Scottsdale AZ 85258 Construction 410343 Gordon Rees LLP 275 Battery St San Francisco CA 94111 Legal 165753 4 592216 4000 596216 Amortization of entry fee 649572 649572 Monthly fees 19412458 19412458 Other operating revenue 229860 229860 20291890 213990 213990 0 0 0 37745 37745 37745 37745 0 0 0 0 21139841 20291890 251735 0 0 0 0 0 0 7444066 6923821 520245 0 1228423 1195036 33387 770046 719670 50376 1172554 1172554 21557 21557 25680 9053 16627 0 0 0 750996 669659 81337 1181110 1181110 0 0 0 1304491 1068540 235951 99069 85871 13198 0 0 1546426 1546426 0 3180095 3180095 265872 265872 Supplies 1772577 1751131 21446 Ancilllary Health Service 1345275 1345275 Other exp & allocations 253575 -60173 313748 Repairs and maintenance 250612 249421 1191 0 22612424 20130807 2481617 0 2688652 3748626 0 0 469861 525400 0 0 167346 1277012 37659 47077 115422 19530 81698490 29875346 52871525 51823144 8661404 8828853 0 0 2190350 1854323 0 67202219 68123965 3165731 4091045 49585000 48615000 60083740 62431920 112834471 115137965 X -45632252 -47014000 -45632252 -47014000 67202219 68123965 X -1472583 -139903 230738 X X false true X true false X 47684 28428 35740 27588 596216 735656 19392795 20603576 21327895 20594225 20291890 102210381 0 0 0 19440479 20632004 21363635 20621813 20888106 102946037 0 0 102946037 145894 223163 205259 203347 213990 991653 0 145894 223163 205259 203347 213990 991653 0 0 19586373 20855167 21568894 20825160 21102096 103937690 0.99050 0.99170 0.00950 0.00830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160876 160876 72432199 23671478 48760721 4524728 3642066 882662 4580687 2561802 2018885 51823144 Deposits 15000 Entrance Fees Non-Refundable 3932560 Entrance Fees Subject to Refund 868544 Long term notes payable 12800000 Other liabilities 597957 Rebatable Entrance Fees Due 44217859 62431920 X 21230675 -139906 230740 90834 21139841 21139841 22612424 22612424 22612424 Part X : FIN48 Footnote The Corporation assesses uncertain tax positions in accordance with the provisions of the FASB Accounting Standards Codification (ASC) Topic 740-10, Income Taxes. The Corporation recognizes the tax benefit from uncertain tax positions only if it is more than likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Corporation recognizes interest and penalties related to income tax matters in operating expenses. At September 30, 2014 and 2013, there were no such uncertain tax positions. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Swap mark to market $230740 false true false false false false false false false false Jeff Glaze President 304318 39518 17795 54304 17814 433749 39518 Pamela S Claassen CFO 319249 67000 -409 65830 15524 467194 67000 Tom Dorough Exec Dir 124886 27169 1411 22202 1141 176809 14041 A Arizona Health Facilities Authority 860453292 040507NJ0 2013-11-20 48615000 See Part VI false false false A 48615000 1212362 48615000 true false true true A false false false false false false false A false true true false false false false false A false Part VI Part I, Column f, Line A - Refund prior issues (10/30/03 & 9/26/07)Part II, Line 3 - Total proceeds do not agree to the summation of lines 4 -12 due to transferred or replacement proceeds in line 4. Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company American Baptist Homes of the West, a related 501(c)(3) organization, provides management services to American Baptist Estates pursuant to a multiyear management agreement. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Cornerstone Affiliates, a California nonprofit public benefit corporation exempt under IRC section 501(c)(3), is the sole member of American Baptist Estates. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Cornerstone Affiliates, as the sole member of American Baptist Estates, elects the board of directors of the organization. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders The following transactions require approval by the members:a) Merger, consolidation or dissolution of the corporation;b) Amendment, repeal, or restate of the Articles of Incorporation or Bylaws;c) Aggregate borrowing for any purpose in excess of $50,000;d) Purchase, sale, lease, disposition, hypothecation, exchange, gift, pledge, encumbrance or mortgage of any real property, and of any personal property with a value in excess of $50,000;d) Appointment of the independent auditor;d) Transactions outside the ordinary course of business. Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is reviewed by the CFO and furnished to the Board of Directors prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Every year, organization Directors and Officers are asked to complete a Conflict of Interest disclosure along with a Statement of Commitment. These documents are aimed at informing ABHOW and its affiliated entities of any conflicts that that should be revealed.Duty to Disclose. In connection with any actual or possible conflict of interest, directors and officers must disclose the existence of the Financial Interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing Board delegated powers considering the proposed transaction or arrangement. Determining Whether a Conflict of Interest Exists. After disclosure of the Financial Interest and all material facts, and after any discussion with the Interested Person, he/she shall leave the Board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board or committee members shall decide if a conflict of interest exists. Procedures for Addressing the Conflict of Interest a. An Interested Person may make a presentation at the governing Board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. b. The chair of the governing Board or committee shall, if appropriate, appoint a disinterested Person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the Board or committee shall determine whether ABE can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the Board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in ABE's best interest and for its own benefit and whether it is fair and reasonable to ABE and shall make its decision as the whether to enter into the transaction or arrangement in conformity with such determination.4. Violations of the Conflicts of Interest Policy a. If the Board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. b. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the Board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation of the President and CFO of American Baptist Homes of the West (source of "related organization" compensation in Part VII) is reviewed annually for market competitiveness and intermediate sanctions compliance by a compensation committee of the ABHOW board. Compensation of other officers and key employees is reviewed by the CEO with disclosure to the compensation committee of the ABHOW board. The ABHOW board members and CEO are independent with respect to the individuals whose compensation is being reviewed. The ABHOW board and President rely upon wage and salary studies and/or regular review by a compensation consultant to provide comparable salary data for their consideration. Decisions regarding compensation are documented on a contemporaneous basis.The compensation of the Executive Director for American Baptist Estates is determined by wage and salary studies conducted annual by ABHOW's Human Resources department and reviewed by ABHOW's SVP Chief Operations Manager and ABHOW's President. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The governing documents and financial statements are available upon request. Other Changes In Net Assets Or Fund Balances - Other Increases Swap mark to market = $230738 Form 990, Part XII, Line 2: Change of Oversight or Selection Process The Board Chair engages the Auditor and oversight is provided by the Manager, ABHOW, with annual communication from the auditor to the ABE Board. Cornerstone Affiliates 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 300184304 Parent organization CA 501(c)(3) 509(a)(3) N/A false American Baptist Homes of the West 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 941225374 Nonprofit retirement communities CA 501(c)(3) 509(a)(2) Cornerstone Affiliates false American Baptist Homes Fdn of the West 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 237039408 Support of nonprofit residential communities CA 501(c)(3) 509(a)(3) American Baptist Homes of the West false Bay Vista Senior Housing Group 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 460777494 Affordable Housing WA 501(c)(3) 509(a)(2) N/A false American Baptist Homes of Washington 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 911659735 Continuing Care Retirement Community WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Redlands Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 942902763 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Hillcrest Senior Housing Corp 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 760801395 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Redlands Senior Housing II 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 311539936 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Carmel Senior Housing Inc 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 943085296 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Tahoe Senior Plaza Inc 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 943292737 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Oak Knolls Haven 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 953497055 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false San Leandro Senior Housing Inc 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 912158413 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Judson Terrace Lodge Inc 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 770389124 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Good Shepherd Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 262704795 Affordable Housing WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Harborview Properties Inc 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 916086253 Affordable Housing WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Las Ventanas Retirement Community 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 200566413 Continuing Care Retirement Community NV 501(c)(3) 509(a)(2) Cornerstone Affiliates false American Baptist Estates 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 860176446 Continuing Care Retirement Community AZ 501(c)(3) 509(a)(2) Cornerstone Affiliates false Boise Retirement Community 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 203659420 Continuing Care Retirement Community CA 501(c)(3) 809(a)(2) Cornerstone Affiliates false Salishan Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 900504991 Affordable Housing WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Pasadena Retirement Community 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 263792336 CCRC Future Development CA 501(c)(3) 509(a)(2) Cornerstone Affiliates false Terraces at San Joaquin Gardens 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 260650298 CCRC CA 501(c)(3) 509(a)(2) Cornerstone Affiliates false The Terraces Retirement Community 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 860176446 CCRC Future Development CA 501(c)(3) 509(a)(2) Cornerstone Affiliates false Valley Vista Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Housing CA Carmel SH false false Tahoe Senior Plaza II 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Housing CA Carmel SH false false Pacific Meadows Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 271254418 Housing CA Carmel SH false false Harborview Manor LLLP 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 274507581 Aff Housing WA Carmel SH false false Carmel Senior Housing LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Affordable Housing CA Carmel Sr Housing false false Harborview Manor GP LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 453567171 Affordable Housing WA Carmel Sr Housing false false Pacific Meadows Senior LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 272218649 Affordable Housing CA Carmel Sr Housing false false Bay Vista Partners LLLP 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 460788896 Affordable Housing WA Carmel Sr Housing false false Bay Vista GP LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 462137954 Affordable Housing WA Carmel Sr Housing false false Three Rivers General Partner LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 461622112 Affordable Housing WA Carmel Sr Housing false false Three Rivers Senior Housing LLLP 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 461626490 Affordable Housing WA Carmel Sr Housing false false Seniority Inc 6120 Stoneridge Mall Road Pleasanton CA 94588 943287180 Management CA NA C Corp false Cornerstone Affiliates International 6120 Stoneridge Mall Road Pleasanton CA 94588 263257075 Management CA NA C Corp false false false true false true false false false false false false false true false false false false false false