2014-05-15T16:56:04-05:00 2013-12-31 421104473 MCGOWEN HURST CLARK & SMITH PC 1601 WEST LAKES PARKWAY SUITE 300 WEST DES MOINES IA 50266 990 2013-01-01 470826256 THE RESERVE A NONPROFIT CORPORATION DBA THE RESERVE ON WALNUT CREEK RESE 5152435823 3408 WOODLAND AVENUE NO 504 WEST DES MOINES IA 50266 NANCY BOYER PRESIDENT 5152435823 2014-05-15 1 THOMAS J PFLANZ CPA P00054885 5152883279 2014-05-13 2013 2015-11-30 17:44:51Z NANCY BOYER 3408 WOODLAND AVENUE NO 504 WEST DES MOINES IA 50266 3045506 0 X WWW.RESERVEWALNUTCREEK.COM X 1999 IA THE ORGANIZATION PROVIDES RESIDENTIAL HOUSING AND SERVICES TO THE ELDERLY. 8 7 0 30 0 0 248886 48694 2703510 2725038 3708 -22964 0 63852 2956104 2814620 0 0 0 0 0 0 0 0 0 2582749 2557649 2582749 2557649 373355 256971 25717924 25179116 25709564 24931770 8360 247346 WE PROVIDE RESIDENTIAL FACILITIES FOR THE AGED WHICH ARE DESIGNED TO MEET THE NEEDS OF AGED PERSONS - SUITABLE HOUSING, PHYSICAL AND MENTAL HEALTH CARE, CIVIC, CULTURAL AND RECREATIONAL ACTIVITIES, AND AN OVERALL ENVIROMENT CONDUCIVE TO DIGNITY AND INDEPENDENCE. 0 0 2238634 2757430 THE RESERVE PROVIDES 121 RESIDENTIAL UNITS TO THE ELDERLY. OUR SERVICES INCLUDE PHYSICAL CARE, MENTAL HEALTH CARE, AND CIVIC, RECREATIONAL AND CULTURAL ACTIVITIES FOR THE ELDERLY. 2238634 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 1 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 X NEWBURY MANAGEMENT COMPANY 5152435823 3408 WOODLAND AVENUE SUITE 504 WEST DES MOINES IA 50266 X NANCY BOYER PRESIDENT 5.00 X X 0 0 0 MAUREEN WILSON VICE PRESIDENT 5.00 X X 0 0 0 JULIE KROLL SECRETARY/TREASURER 1.00 X X 0 0 0 JAY DANIELS DIRECTOR 5.00 X 0 0 0 PHYLLIS STATLANDER DIRECTOR 1.00 X 0 0 0 ERIC BURMEISTER DIRECTOR 1.00 X 0 0 0 FRANK LEVY DIRECTOR - EX OFFICIO 1.00 X 0 0 0 TOM CUMMINGS DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 NEWBURY MANAGEMENT COMPANY 3408 WOODLAND AVE SUITE 504 WEST DES MOINES IA 50266 MGMT FEES/LEASED EMPLOYEES 424050 DORSEY & WHITNEY LLP 801 GRAND SUITE 4100 DES MOINES IA 50309 ATTORNEY FEES 101634 2 48694 44124 48694 SERVICE FEE INCOME 531310 2656488 2656488 FOOD SERVICE REVENUE 900099 68550 68550 2725038 5494 5494 3002 0 3002 3002 3002 50000 152428 44124 186762 5876 -34334 -28458 -28458 ADMIN TRANSFERS FEES 900099 23538 23538 VACANT UNIT FEES 900099 23080 23080 ATTRITION FEES 900099 10502 10502 3730 3730 60850 2814620 2757430 0 8496 86400 86400 106185 106185 3900 3900 71261 71261 10441 10441 433249 433249 485425 485425 693766 693766 40393 40393 LEASED EMPLOYEE EXPENSE 337650 225561 112089 REPAIRS AND MAINTENANCE 233644 233644 FOOD SERVICE EXPENSE 41273 41273 MISCELLANEOUS EXPENSE 10090 10090 3972 3972 2557649 2238634 319015 0 289265 650581 1153182 1022218 148819 230184 3865 25108471 5801384 19870077 19307087 3960830 3830053 295751 135128 25717924 25179116 334002 353083 14511003 14060980 10864559 10517707 25709564 24931770 X 8360 247346 8360 247346 25717924 25179116 256971 -17985 0 X X 0 1 X 1 0 X 11335 485 57221 248886 48694 366621 2621218 216801 2680016 2703510 2723096 10944641 2632553 217286 2737237 2952396 2771790 11311262 0 0 0 11311262 7116 674 6730 3708 8496 26724 7116 674 6730 3708 8496 26724 2639669 217960 2743967 2956104 2780286 11337986 0.99760 0.96300 0.00240 0.00250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2219274 2219274 22438086 5359077 17079009 68712 63889 4823 382399 378418 3981 19307087 DEFERRED RESIDENT ENTRANCE FEES 10515907 RESEVATION DEPOSITS 1800 10517707 X 2796635 -17985 -17985 2814620 0 2814620 2557649 0 2557649 0 2557649 PART X, LINE 2: MANAGEMENT IS UNAWARE OF ANY UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2013 AND 2012. INTEREST AND PENALTIES ASSOCIATED WITH INCOME TAX MATTERS WOULD BE PRESENTED AS COMPONENTS OF INCOME TAX EXPENSE. THERE WERE NO INTEREST OR PENALTY CHARGES DURING 2013 AND 2012. THE ORGANIZATION'S PRIOR THREE YEARS' INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. A CITY OF URBANDALE IOWA 426004578 2011-07-15 3231663 REFINANCE 0 0 0 B CITY OF URBANDALE IOWA 426004576 2011-07-15 2501626 REFINANCE 0 0 0 C IOWA FINANCE AUTHORITY 521699886 2011-11-01 9330311 REFINANCE 0 0 0 A 3231663 1 0 1 1 B 2501626 1 0 1 1 C 9330311 1 0 1 1 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 C 0 0 0 0 1 0 0 0 0 FRANK LEVY DIRECTOR-EX OFFICIO 86400 ORGANIZATION PAYS MONTHLY MANAGEMENT FEES TO NEWBURY MANAGEMENT COMPANY, WHICH IS 100% OWNED BY DIRECTOR FRANK LEVY. 0 X 1 44124 NET ENTRANCE FEES 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES THE ASSISTANCE OF THE MANAGEMENT COMPANY IN THE TRANSFER OF RESIDENTIAL MEMBERSHIPS. THE TRANSFER OF A MEMBERSHIP IS SUBJECT TO THE FINAL APPROVAL BY THE ORGANIZATION'S BOARD OF DIRECTORS. THE MANAGEMENT COMPANY FACILITATES AND EXECUTES THE TRANSFER TRANSACTIONS. FORM 990, PART VI, SECTION A, LINE 3 THE MANAGEMENT DUTIES OF THE ORGANIZATION ARE PROVIDED BY NEWBURY MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 6 THERE SHALL BE TWO CLASSES OF MEMBERSHIP, BOTH OF WHICH CLASSES SHALL CONSIST OF VOTING MEMBERS: (A) SPONSOR MEMBER - THE SPONSOR MEMBER OF THE CORPORATION SHALL BE THE FOLLOWING NAMED ORGANIZATION WHICH SHALL, FROM TIME TO TIME, ASSIST IN ARRANGING WELLNESS PROGRAMS AND OTHER SERVICES FOR THE CARE AND TREATMENT OF PERSONS RESIDING WITHIN THE CORPORATION'S RETIREMENT CENTER IN URBANDALE, IOWA, AND SUCH OTHER ADDITIONAL SUPPORT AND GUIDANCE AS SHALL BE REQUIRED BY THE CORPORATION FROM TIME TO TIME. THE SPONSOR MEMBER SHALL BE: CENTRAL IOWA HOSPITAL CORPORATION. (B) RESIDENTIAL MEMBERS - ALL PERSONS WHO HAVE SIGNED APPLICATION AGREEMENTS WITH THE CORPORATION, HAVE BEEN ACCEPTED AS RESIDENTIAL MEMBERS IN THE CORPORATION, HAVE PAID ALL AMOUNTS DUE UNDER THE APPLICATION AGREEMENT, ARE NOT IN DEFAULT THEREUNDER, AND WHO HAVE NOT TRANSFERRED THEIR MEMBERSHIP IN THE CORPORATION WITH THE APPROVAL OF THE BOARD OF DIRECTORS, SHALL BE RESIDENTIAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS SHALL BE ELECTED AT ANNUAL MEETINGS OF THE MEMBERS AS FOLLOWS: (A) FOUR (4) DIRECTORS SHALL BE ELECTED BY A MAJORITY VOTE OF THE SPONSOR MEMBER, ONE (1) OF WHOM SHALL BE AN EMPLOYEE OF THE AGENT EMPLOYED BY THE CORPORATION TO MANAGE THE CORPORATION'S RETIREMENT CENTER IN URBANDALE, IOWA, AND THREE (3) OF WHOM SHALL BE FROM THE COMMUNITY AT LARGE. EXCEPT IN CASE OF DEATH, RESIGNATION, RETIREMENT, DISQUALIFICATION, OR REMOVAL, ALL OF SUCH DIRECTORS SHALL SERVE FOR A TERM OF THREE (3) YEARS AND THEREAFTER UNTIL THEIR SUCCESSOR OR SUCCESSORS SHALL HAVE BEEN ELECTED AND QUALIFIED; AND (B) THREE (3) DIRECTORS, ALL OF WHOM SHALL BE RESIDENTIAL MEMBERS, SHALL BE ELECTED BY THE MAJORITY VOTE OF THE RESIDENTIAL MEMBERS. EXCEPT IN CASE OF DEATH, RESIGNATION, RETIREMENT, DISQUALIFICATION, OR REMOVAL, ALL OF SUCH DIRECTORS SHALL SERVE FOR A TERM OF THREE (3) YEARS AND THEREAFTER UNTIL THEIR SUCCESSOR OR SUCCESSORS SHALL HAVE BEEN ELECTED AND QUALIFIED. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. PART XII LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES THE AUDIT AND THE SELECTION OF THE ACCOUNTANT.