2014-11-14T08:56:09-06:00 2013-12-31 LANE GORMAN TRUBITT PLLC 2626 HOWELL STREET SUITE 700 DALLAS TX 752044064 990 2013-01-01 731032864 LUTHERAN SENIOR CITIZENS INC % JEROD BUTTRAM LUTH 4056076135 7707 W BRITTON ROAD Suite OKLAHOMA CITY OK 73132 JAMES C ENDICOTT TREASURER 4056076135 2014-11-17 true Courtney A Weldon P01282657 4056076135 2013 2015-11-30 17:44:51Z CONCORDIA LIFECARE COMMUNITY DANIEL EISCHEN 7707 BRITTON ROAD OKLAHOMA CITY OK 73132 8561282 false X WWW.CONCORDIASENIORLIVING.COM X 1959 OK TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR LIVING ENVIRONMENT FOR SENIOR CITIZENS, FEATURING PERSONAL SERVICES, INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. 14 14 248 30 0 4838 30766 8243617 8212272 193825 248057 83521 70187 8525801 8561282 0 7060 0 0 3551794 3823810 0 0 0 5824189 5763149 9375983 9594019 -850182 -1032737 38037664 37220712 47531071 49471602 -9493407 -12250890 TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR SENIOR CITIZENS, FEATURING PERSONAL SERVICES, INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. false false 8303744 7060 8282459 A CONTINUING CARE RETIREMENT COMMUNITY (LIFE CARE COMMUNITY) FEATURING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. 8303744 true false false false false false false false true false true false false false true true true false false false false false true false false false false false false false true false false false false false false false false false false false false false false false false false false false true X 31 0 true 248 true false false false false false false false false false false X 14 14 false false false false true true true true false false false false true true true true true true true false X X JEROD BUTTRAM 4057207200 7707 BRITTON ROAD OKLAHOMA CITY OK 73132 X DR JOHN A L CAMPBELL PRESIDENT 5.0 X X JOHN LIPPERT VICE-PRESIDENT 1.0 X X ROBERT H KASTENS AIA SECRETARY 1.0 X X ROBERT NAMKEN ASSISTANT TREASURER 1.0 X X REV HAROLD KAMMAN PARLIAMENTARIAN 1.0 X X ELOISE JONES OFFICIAL MEETING CLOSER 1.0 X X REV RON CHRISTIE DIRECTOR 1.0 X MARILYN GROH DIRECTOR 1.0 X JAMES C ENDICOTT TREASURER 4.0 X X GARY STORK DIRECTOR 1.0 X BYRONA MEYER DIRECTOR 1.0 X DAVID SEAMAN DIRECTOR 1.0 X REV MARVIN HENSCHEL DIRECTOR 1.0 X RAYMOND NANEY DIRECTOR 1.0 X DANIEL EISCHEN EXECUTIVE DIRECTOR 40.0 X 125132 0 19756 125132 0 19756 1 false false false GREYSTONE COMMUNITIES INC 222 W LAS COLINAS BLVD IRVING TX 75039 MANAGEMENT SERVICES 255750 REHABCARE GROUP INC 7733 FORSYTH BLVD STE 2300 ST LOUIS MO 63105 THERAPY SERVICES 175182 2 30766 30766 RESIDENT SERVICES 623000 8212272 8212272 8212272 118179 118179 129878 129878 0 0 0 0 0 0 0 0 COMMUNITY AND ADMIN FEES 900099 20001 20001 MEAL REVENUES 900099 20885 20885 RENTALS 900099 15248 15248 14053 14053 70187 8561282 8282459 248057 0 0 7060 7060 0 144888 144888 0 2994116 2694704 299412 0 403187 362868 40319 281619 253457 28162 253368 253368 8843 7959 884 34308 30877 3431 0 0 49394 44455 4939 316176 284558 31618 79564 71608 7956 269602 242642 26960 22387 20148 2239 0 365586 329027 36559 42620 38358 4262 0 1357 1357 1977236 1779512 197724 0 1321833 1189650 132183 128141 115327 12814 DINING SERVICES 538497 538497 NURSING & ASSISTED LIVING 135409 135409 BUILDING & GROUND MAINTENANCE 108589 97730 10859 LONG-TERM DEBT 43685 43685 66554 59898 6656 9594019 8303744 1290275 0 X 242707 808826 1837006 2175502 0 0 725698 474862 0 0 0 0 0 0 9991 8918 74535 66127 31621676 6329531 26060319 25292145 7003471 6649257 0 0 0 0 0 0 2083937 1745075 38037664 37220712 650611 686194 0 0 14400882 1832671 32456030 32031366 23548 24148 0 0 0 28683 0 0 0 14868540 47531071 49471602 X -9493407 -12250890 0 0 0 0 -9493407 -12250890 38037664 37220712 -1032737 -184098 -1540648 X false true X true false X 537 3430 2685 4838 30766 42256 6571646 7210918 7983563 8243617 8212272 38222016 0 0 0 6572183 7214348 7986248 8248455 8243038 38264272 0 0 0 38264272 166036 155597 155628 193825 248057 919143 0 166036 155597 155628 193825 248057 919143 0 52532 48913 53095 83521 70187 308248 6790751 7418858 8194971 8525801 8561282 39491663 0.96892 0.96726 0.02327 0.02503 X false true X 46245 46245 27528836 4575390 22953446 0 0 0 868307 501800 366507 3178288 1252341 1925947 25292145 0 REFUNDABLE ENTRANCE FEE LIABILITY 14868540 14868540 X 8327790 -184098 -184098 8511888 49394 49394 8561282 9544625 9544625 49394 49394 9594019 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 10% 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 advance fee. 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, 2013 and 2012, the Organization had no material unrelated business income. Accordingly, no provision for federal income tax has been made in the accompanying financial statements. Accounting principles generally accepted in the United States of America ("GAAP") require the evaluation of tax positions taken or expected to be taken in the course of preparing the Organizations 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 Organizations 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 2010. DISASTER ASSISTANCE Central America and the Caribbean 1 7060 WIRE N/A false false false false false false SCHEDULE F, PART III OTHER ASSISTANCE TO INDIVIDUALS OUTSIDE THE U.S. An employee of Lutheran Senior Citizens, Inc., and her family, died in the May 31, 2013 tornado which caused massive destruction in areas of Central Oklahoma. Residents, vendors, churches, employees, and others donated through Lutheran Senior Citizens, Inc. to give support to the surviving family members residing in Guatemala. A Oklahoma County Finance Authority 731186843 67868NBW8 2005-11-29 37888633 CONSTRUCTION OF CCRC false false false A 5980000 0 40434667 2471114 3596964 0 757773 0 2153149 32117949 0 0 2007 false false true true A false true true true false 0.00200 0.00000 0.00200 false false false false A false false false true false false 0 true AIG MATCHED FUNDING 2.5 true false 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. Arbitrage Rebate SCHEDULE K, PART IV, LINE 2C BASED ON REBATE COMPUTATIONS DATED NOVEMBER 15, 2010, NO REBATE LIABILITY EXISTS AND REPORTING TO THE IRS IS NOT REQUIRED AT THIS TIME. MANAGEMENT COMPANY FORM 990, PART VI, SECTION A, LINE 3 Greystone Management is an unrelated business organization engaged by the Board of Directors OF LUTHERAN SENIOR CITIZENS, 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. DOCUMENTATION OF COMMITTEES FORM 990, PART VI, SECTION A, LINE 8(B) THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FINANCIALS EACH MONTH. Although MINUTES ARE NOT TAKEN DURING THESE MEETINGS, the committee does keep a report of the parties present, areas of interest discussed, and parties approving the financials to present to the Board of Directors. THE FULL BOARD REVIEWS THE FINANCIALS QUARTERLY. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 THE Finance Committee OF LUTHERAN SENIOR CITIZENS AND GREYSTONE COMMUNITIES, THE MANAGEMENT COMPANY, REVIEW THE FORM 990 UPON COMPLETION. The finance committee review and approval of the Form 990 is completed prior to filing. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINE 15 GREYSTONE COMMUNITIES, THE MANAGEMENT COMPANY, AND MERIT RESOURCES PROVIDE SALARY COMPARISONS FOR THE EXECUTIVE DIRECTOR. DOCUMENTS AVAILABLE TO PUBLIC FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE POSTED TO NATIONALLY Recognized ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA). TOP MANAGEMENT OFFICIAL FORM 990, PART VII THE EXECUTIVE DIRECTOR OF THE ORGANIZATION IS THE TOP MANAGEMENT OFFICIAL. ACCORDING TO THE FORM INSTRUCTIONS, HE IS DEEMED TO BE AN OFFICER OF THE ORGANIZATION. 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. Merit Resources, Inc. ISSUES ALL W-2S AND ACTS AS AN OUTSOURCED HUMAN RESOURCES AND PAYROLL DEPARTMENT FOR THE ORGANIZATION. 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 AND the Management Company will bring any questionable activity to the attention of the board or AN officer. MEMBERS FORM 990, PART VI, SECTION A, LINES 6 AND 7 The organization's by-laws provide for one class of members. The membership consists of participating church congregations within The Lutheran Church-Missouri Synod and physically located within the boundaries of The Oklahoma District of the The Lutheran Church-Missouri Synod. The Member Churches elect the board of directors and participate in other governance decisions. Each Member Church has one vote. Member Churches do not have any interest in the assets of the corporation. The by-laws may be altered, amended or repealed and new by-laws may be adopted by an affirmative vote of two-thirds (2/3) of the Member Churches voting at any meeting. The Board of Directors may propose any change to the by-laws to be voted on by the Member Churches. PRIOR PERIOD ADJUSTMENT FORM 990, PART XI, LINE 8 DUE TO A CHANGE IN ACCOUNTING PRINCIPLE, A PRIOR PERIOD ADJUSTMENT OF $1,540,648 WAS MADE TO REVERSE PRIOR YEAR REVENUES FROM THE AMORTIZATION OF NON-REFUNDABLE ENTRANCE FEE DEPOSITS. 2013 Adopted Accounting Pronouncement Disclosure In July 2012, the Financial Accounting Standards Board ("FASB") issued Health Care Entities (Topic 954): Continuing Care Retirement Communities-Refundable Advance Fees ("ASU 2012-01"). The amendments in ASU 2012-01 clarify that an entity should classify an advance fee as deferred revenue when a continuing care retirement community has a resident contract that provides for payment of the refundable advance fee upon re-occupancy by a subsequent resident, which is limited to the proceeds of re-occupancy. Refundable advance fees that are contingent upon re-occupancy by a subsequent resident but are not limited to the proceeds of re-occupancy should be accounted for and reported as a liability. The amendments in ASU 2012-01 are effective for fiscal periods beginning after December 15, 2012. The amendments in this Update should be applied retrospectively by recording a cumulative-effect adjustment to net assets as of the earliest period presented. The Organization adopted ASU 2012-01 on January 1, 2013. A prior period adjustment of $1,540,648 was recorded as a result of the clarification to the accounting treatment of refundable entrance fees.