2014-09-09T14:34:27-05:00 2013-12-31 742920819 ATCHLEY & ASSOCIATES LLP 6850 AUSTIN CENTER BLVD STE 180 AUSTIN TX 787313129 990 2013-01-01 200709981 LONGHORN VILLAGE LONG 5152665600 12501 LONGHORN PKWY AUSTIN TX 78732 STEPHEN BALLANTYNE CHAIRMAN 5152665600 2014-09-09 1 RENAE DUNCAN P01257722 5123462086 2013 2015-11-30 17:44:51Z STEPHEN BALLANTYNE 12501 LONGHORN PKWY AUSTIN TX 78732 18615979 0 X WWW.LONGHORNVILLAGE.COM X 2002 TX TO ACQUIRE REAL PROPERTY AND TO DEVELOP, MARKET AND OPERATE THE PROPERTY AS A CCRC. 11 11 379 0 0 0 0 63625 19096650 18241602 364859 310752 1000000 0 20461509 18615979 0 0 0 0 8479593 7910774 0 0 0 19574305 19830633 28053898 27741407 -7592389 -9125428 159994254 146562185 207029143 208798625 -47034889 -62236440 TO ACQUIRE REAL PROPERTY AND TO DEVELOP, MARKET AND OPERATE THE PROPERTY AS A CONTINUING CARE RETIREMENT COMMUNITY (CCRC). 0 0 25864976 18241602 THE COMMUNITY CONSISTS OF 214 INDEPENDENT LIVING UNITS (INCLUDING 173 APARTMENTS AND 41 PATIO HOMES), AND A HEALTHCARE FACILITY CONSISTING OF APPROXIMATELY 20 ASSISTED LIVING UNITS, 16 SPECIAL CARE DEMENTIA UNITS, AND 60 SKILLED NURSING BEDS. THE COMPANY COMMENCED OPERATIONS OF THE INDEPENDENT LIVING UNITS IN AUGUST 2009. IN OCTOBER 2010, THE HEALTHCARE FACILITY BEGAN OPERATIONS. 25864976 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 76 0 1 379 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X X MARGARET BUTLER 5122665600 12501 LONGHORN PKWY AUSTIN TX 78732 X STEPHEN BALLANTYNE CHAIRMAN 1.00 X X 0 0 0 MARK WILLIAMS SECRETARY 1.00 X X 0 0 0 ALEXA STUIFBERGEN DIRECTOR 1.00 X 0 0 0 CHARLES ROBERTS DIRECTOR 1.00 X 0 0 0 DEIDRE KINSEY DIRECTOR 1.00 X 0 0 0 EVAN M WILLIAMS DIRECTOR 1.00 X 0 0 0 FRED ANDREWS DIRECTOR 1.00 X 0 0 0 JOHN BECKWORTH DIRECTOR 1.00 X 0 0 0 LESLIE CEDAR DIRECTOR 1.00 X 0 0 0 LUIS ZAYAS DIRECTOR 1.00 X 0 0 0 LYNN CRISMON DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 LIFECARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT 1275514 SYSCO FOOD SERVICES OF AUSTIN 1260 SCHWAB ROAD NEW BRAUNFELS TX 78132 FOOD/PRODUCTS 787631 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 THERAPY SERVICES 707440 TEXAS EXES 2110 SAN JACINTO BLVD AUSTIN TX 78712 ROYALTIES 384813 ARTHUR J GALLAGHER & CO 221 WEST 6TH STREET AUSTIN TX 78701 INVESTMENT MANAGEMENT 331618 15 63625 59625 63625 RESIDENT SERVICES 623990 10223515 10223515 HEALTH CARE REVENUE 623990 6162589 6162589 ENTRANCE FEE AMORTIZATION 623000 1426466 1426466 OTHER FEES 623990 429032 429032 18241602 310752 310752 18615979 18241602 0 310752 6751698 6024471 727227 675367 602623 72744 483709 431609 52100 351237 351237 147154 147154 548358 402746 145612 207080 78690 128390 253566 155873 97693 12929 12765 164 483031 483031 1018433 1018433 34171 29264 4907 31696 14365 17331 6689959 6689959 6661012 6661012 195606 173057 22549 FOOD 1202451 1202451 MEDICAL SUPPLIES 1040404 1040404 EQUIPMENT & REPAIR 280851 224681 56170 KITCHEN SUPPLIES 215745 215745 456950 403797 53153 27741407 25864976 1876431 0 3864046 5250768 666889 429041 1325690 630316 162859 63959 42217 55160 230573 234013 134958523 23584817 116249626 111373706 26162382 18484536 11289972 10040686 159994254 146562185 1098287 1028471 105777441 94271446 5000000 95153415 113498708 207029143 208798625 X -47034889 -62236440 -47034889 -62236440 159994254 146562185 X -9125428 -6076123 X X 0 1 X 1 0 X 63625 63625 1213281 7225381 14402848 19096650 18241602 60179762 1213281 7225381 14402848 19096650 18305227 60243387 0 0 0 60243387 529720 439263 404586 364859 310752 2049180 529720 439263 404586 364859 310752 2049180 1000000 1000000 1743001 7664644 14807434 20461509 18615979 63292567 0.95180 0.93960 0.03240 0.03830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6879357 6879357 123764721 20023024 103741697 4314445 3561793 752652 111373706 BOND FUNDS 18484536 F 18484536 DEFERRED COSTS 10040686 10040686 ACCRUED INTEREST 3214872 ENTRANCE FEE DEPOSITS 429041 DEFERRED REVENUE FROM ENTRANCE FEES 106767841 LONG TERM FEES PAYABLE 3086954 113498708 X 18615979 0 18615979 0 18615979 27741407 0 27741407 0 27741407 PART X, LINE 2: LONGHORN VILLAGE FOLLOWS FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAX. THAT STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. A THE TRAVIS COUNTY HEALTH FACILITIES DEVELOPMENT CORPORATION 742251752 89438LCG1 2012-03-29 105493503 REFUND PRIOR ISSUE 0 0 0 A 105493503 62864 103478401 1952238 1 0 1 1 A 0 0 1 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, SUPPLEMENTAL INFORMATION: THE SERIES 2012 BONDS WERE USED TO REFUND THE SERIES 2008 BONDS, WHICH WERE LEGALLY DEFEASED AT THE TIME OF REFUNDING. PROCEEDS OF THE SERIES 2008 BONDS, TOGETHER WITH FUNDS PROVIDED FROM ENTRANCE FEES AND EARNINGS ON SUCH PROCEEDINGS, WERE USED FOR (I) REFINANCING CERTAIN PRE-CONSTRUCTION DEBT OF THE CORPORATION RELATING TO A CONTINUING CARE RETIREMENT CENTER PROJECT (THE "PROJECT") TO BE OWNED AND OPERATED BY THE CORPORATION, (II) THE ACQUISITION, CONSTRUCTION, EQUIPPING AND FURNISHING OF THE PROJECT, (III) FUNDING A DEBT SERVICE RESERVE FUND UNDER THE BOND INDENTURE, (IV) FUNDING WORKING CAPITAL, MARKETING COSTS AND CAPITALIZED INTEREST FOR APPROXIMATELY TWO YEARS, AND (V) PAYING COSTS OF ISSUANCE OF THE SERIES 2008 BONDS AND OTHER FINANCING CHARGES. X 1 59625 APPRAISAL 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENGAGED A MANAGEMENT COMPANY, LIFECARE SERVICES, TO MANAGE THE OPERATIONS OF THE ORGANIZATION. LIFECARE SERVICES REPORTS DIRECTLY TO THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE PROVIDED TO ALL BOARD MEMBERS FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A LIFECARE SERVICES DETERMINES THE AMOUNT THE EXECUTIVE DIRECTOR IS COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING PRINCIPAL -6,076,123. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT HAS NOT CHANGED ITS POLICY FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION A, LINE 1: ALL EXECUTIVE COMMITTEE MEMBERS ARE MEMBERS OF THE BOARD. THE EXECUTIVE COMMITTEE CAN MAKE DECISIONS ON BEHALF OF THE BOARD AND ORGANIZATION. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS: IN JULY 2012, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED ACCOUNTING STANDARDS UPDATE (ASU) 2012-01 "HEALTH CARE ENTITIES, CONTINUING CARE RETIREMENT COMMUNITIES - REFUNDABLE ADVANCE FEES". THE AMENDMENTS IN THIS ASU CLARIFY THAT AN ENTITY SHOULD CLASSIFY AN ADVANCE FEE AS DEFERRED REVENUE WHEN A CCRC HAS A RESIDENT CONTRACT THAT PROVIDES FOR PAYMENT OF THE REFUNDABLE ADVANCE UPON REOCCUPANCY BY A SUBSEQUENT RESIDENT WHICH IS LIMITED TO THE PROCEEDS OF REOCCUPANCY BY A SUBSEQUENT RESIDENT. THE AMENDMENTS ALSO CLARIFY THAT REFUNDABLE ADVANCE FEES THAT ARE CONTINGENT UPON REOCCUPANCY BY A SUBSEQUENT RESIDENT BUT ARE NOT LIMITED TO THE PROCEEDS OF REOCCUPANCY SHOULD BE ACCOUNTED FOR AND REPORTED AS A LIABILITY. THE AMENDMENTS IN THE ASU ARE EFFECTIVE FOR FISCAL PERIODS BEGINNING AFTER DECEMBER 15, 2012, FOR PUBLIC ENTITIES, AS DEFINED. ACCORDINGLY, THE COMPANY ADOPTED ASU 2012-01 FOR THE YEAR ENDED DECEMBER 31, 2013. THE EFFECTS OF THIS CHANGE IN ACCOUNTING PRINCIPAL ARE SHOWN ON A RETROSPECTIVE BASIS, BEGINNING WITH THE EARLIEST YEAR PRESENTED, THE YEAR ENDING DECEMBER 31, 2012.