2014-08-15T07:43:25-07:00 2013-09-30 RK Taylor & Associates 2890 North Main St Suite 305 Walnut Creek CA 94597 990 2012-10-01 860176446 American Baptist Estates Inc The Terraces AMER 9259247100 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Pamela S Claassen 2014-08-13 true John M Kikuchi P00009948 9259447666 2012 2015-11-30 17:44:51Z Jeff Glaze 6120 Stoneridge Mall Rd Pleasanton CA 94588 20825160 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. 10 10 282 0 35740 27588 21327895 20594225 240558 170333 0 21604193 20792146 0 0 8792633 9281094 0 0 14190623 18717984 22983256 27999078 -1379063 -7206932 70760622 67202219 110221437 112834471 -39460815 -45632252 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 25434079 American Baptist Estates is a CCRC that provides housing and health care for the elderly. 25434079 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 true true false false false false false false false false false false false false false true false false false false true 45 0 true 282 true false false false false false false false false 0 false false false false false false false false false false X 10 10 false true false false true true true true true false false true true true true true true true false false AZ X X Pamela Claassen 9259247117 6120 Stoneridge Mall Rd Pleasanton CA 94588 Bill Beamon 2.00 0.00 X 0 0 0 Barbara R Berman 2.00 0.00 X 0 0 0 Bets Manera 2.00 0.00 X 0 0 0 Linda Zale 2.00 0.00 X 0 0 0 Diane Puike 2.00 0.00 X 0 0 0 Bob Flori 2.00 0.00 X 0 0 0 David C Helgeson PhD 2.00 0.00 X 0 0 0 Gene Buchli 2.00 0.00 X 0 0 0 Jeannette Wright 2.00 0.00 X 0 0 0 David Robles 2.00 0.00 X 0 0 0 Pamela S Claassen 2.00 40.00 X 0 399356 23678 Jeff Glaze 2.00 40.00 X 0 384678 21926 Tom Dorough 40.00 0.00 X 160803 0 5999 Adam Utan 40.00 0.00 X 112904 0 9137 Marcia Kooiman 40.00 0.00 X 100417 0 17655 374124 784034 78395 3 false true false Stevens Leinweber Construction 9590 E Ironwood Sq Scottsdale AZ 85258 Construction 410343 Sodexo PO Box 536922 Atlanta GA 30353 Dining Svc 1789557 Gordon Rees LLP 275 Battery St San Francisco CA 94111 Legael 147733 Aegis Therapies Inc PB Box 8103 Fort Smith AR 72902 Nursing 1046235 4 26088 1500 27588 Monthly fees 19769145 19769145 Ancillary and other 267669 267669 Amortization of entry fee 557411 557411 20594225 203347 203347 0 0 0 33014 -33014 -33014 -33014 0 0 0 0 20792146 20594225 170333 0 0 0 0 0 0 7289428 6964374 325054 0 1331998 1271718 60280 659668 630252 29416 1201103 1201103 104394 104394 39145 7145 32000 0 0 0 0 1052632 1052632 29025 25584 3441 0 0 1057581 1057581 185513 163348 22165 0 19800 18021 1779 2714075 2714075 0 3200191 3200191 294856 294856 Service Contracts 685050 641763 43287 Ancilllary Health Service 1500249 1500249 Supplies 1652004 1650626 1378 Cumulative change, ASU 2011-01 4392187 4392187 590179 -150523 740702 27999078 25434079 2564999 0 3009319 2688652 0 0 890354 469861 0 0 167346 32794 37659 168531 115422 79980376 27108851 55241327 52871525 8765528 8661404 0 0 0 2652769 2190350 70760622 67202219 3001032 3165731 42389221 50505000 49585000 14326184 60083740 110221437 112834471 X -39460815 -45632252 -39460815 -45632252 70760622 67202219 -7206932 1035495 X X false true X true false X 34212 47684 28428 35740 27588 173652 18614808 19392795 20603576 21327895 20594225 100533299 0 0 0 18649020 19440479 20632004 21363635 20621813 100706951 0 0 100706951 64584 145894 223163 205259 203347 842247 0 64584 145894 223163 205259 203347 842247 0 0 18713604 19586373 20855167 21568894 20825160 101549198 0.99170 0.99060 0.00830 0.00940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160876 160876 71035479 21378211 49657268 4506955 3481918 1025037 4277066 2248722 2028344 52871525 Rebatable Entrance Fees Due 43361000 Long term notes payable 12800000 Hedge liability mark to market 230740 Entrance Fees Subject to Refund 3359000 Entrance Fees Non-Refundable 312000 Deposits 21000 60083740 X 21825000 -262590 1295444 1032854 20792146 20792146 23606891 23606891 4392187 4392187 27999078 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Cumulative change, ASU 2012-01 $4392187 Part XI, Line 2d Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Swap mark to market $1295444 Part X 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, 2013 and 2012, there were no such uncertain tax positions.Cumulative change, ASU 2012-01. The adoption of this required change in accounting principle resulted in the establishment of a liability for entrance fees for amounts which were previously presented as deferred revenue and amortized into revenue over the life of the facility. Using this new accounting standard, the rebatable entrance fees due can no longer be used to reduce the obligation to provide future services. A total adjustment of $4,392,187 was reflected as a cumulative change to previously issued audited financial statements in accordance with accounting standards. false true false false false false false false false false Tom Dorough 121225 37878 1700 4849 1150 166802 14041 Pamela S Claassen 305431 90560 3365 5022 18656 423034 67000 Jeff Glaze 282120 78252 24306 5332 16594 406604 39518 B Arizona Health Facilities Authority 860453292 040507JA4 2007-09-26 41000000 Refund prior issue (10/03) false false false A Arizona Health Facilities Authority 860453292 040507EH4 2003-10-30 58540625 See Part VI true false false B 2360000 50189742 32372498 882213 243849 16691182 2005 false true true true A 14385000 60421761 4208257 5862451 1170813 1592228 44449960 3138052 2005 true false true true B false false false false false false A false false false false false false B false false false true true Sovereign Bank 6.2000 false false false false false A false false true true true Wachovia Bank 5.0000 false false false true false B false A false Supplemental Information Part VI Part I, Column c, Line A - CUSIP - 040507 EH4/EJ0/EK7Part I, Column f, Line A - Construction of Facilities and Refunding Prior Issue (3/4/1999)Part II, Line 3 - Total proceeds do not agree to the issue price in Part I, Column (e) due to investment earnings.Part IV, Arbitrage, Lie 2c(a) Issuer Name: Arizona Health Facilities Authority Date the rebate computation was performed: 9/30/13(a) Issuer Name: Arizona Health Facilities Authority Date the rebate computation was performed: 12/1/11 Accounting policies Effective October 1, 2012, the Corporation early-adopted ASU No. 2012-01, HealthCare Entities (Topic 954): Continuing Care Retirement Communities RefundableAdvance Fees (ASU 2012-01) which has resulted in the establishment of a liability for advance fees for amounts which were previously presented as deferred revenue andamortized into revenue over the life of the facility. For financial statement purposes, the unrestrestricted net deficit for the prior year was adjusted; current year loss for financial statement purposes is ($1,780,000). See footnote 2 in the audited financial statements.For tax purposes, the foregoing adoption is not an accounting method change under Treas. Reg. 1.446-1(e)(2)(ii). Form 990, Part XII, Line 2c 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. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The governing documents and financial statements are available upon request. Form 990, Part VI, Line 15a 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 12c 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 11b 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 7b 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 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Cornerstone Affiliates, as the sole member of American Baptist Esatate, elects the board of directors of the organization. Form 990, Part VI, Line 6 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 3 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. 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 Cornerstone Affiliates 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 300184304 Parent organization CA 501(c)(3) 509(a)(3) N/A false Three Rivers Senior Housing LLLP 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 461626490 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 Bay Vista GP LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 462137954 Affordable Housing WA 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 Pacific Meadows Senior LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 272218649 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 Carmel Senior Housing LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Affordable Housing CA Carmel Sr Housing false false Harborview Manor LLLP 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 274507581 Aff Housing WA Carmel SH false false Pacific Meadows Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 271254418 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 Valley Vista Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Housing CA Carmel SH false false Cornerstone Affiliates International 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 263257075 Management CA NA C Corp false Seniority Inc 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 943287180 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