Sears Tyler Methodist Retirement Corporation: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- Sears Tyler Methodist Retirement Corporation (EIN 20-3500571)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-14
- IRS object ID
- 201443189349303759
- Schema version
- 2013v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-14T11:10:45-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CliftonLarsonAllen | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 Spring Valley Road Suite 600W | AddressLine1 |
| City | Dallas | City |
| State | TX | State |
| ZIP Code | 75244 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203500571 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sears Tyler Methodist Retirement Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SEAR | BusinessNameControlTxt |
| Phone | 3256915519 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Village Drive No 400 | AddressLine1 |
| City | Abilene | City |
| State | TX | State |
| ZIP Code | 79606 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Randal Crosswhite | PersonNm |
| Person Title | Interim CFO | PersonTitleTxt |
| Phone | 3256915519 | PhoneNum |
| Signature | 2014-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Michael Siegel | PreparerPersonNm |
| PTIN | P01587323 | PTIN |
| Phone | 9723835700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Meadow Lake Retirement Community | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Susan Whittle | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1114 Lost Creek Blvd Suite 210 | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78746 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,440,103 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.sears-methodist.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2005 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | The mission of Sears is to provide leadership in response to the needs of our aging population. We believe we have a responsibility for studying, analyzing, planning, developing, and implementing quality service to the aging where appropriate needs are found for Health Care and residential living services and can be provided in a Christian environment. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 192 | TotalEmployeeCnt |
| Total Volunteers | 5 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $23,687 | PYContributionsGrantsAmt |
| CY Contributions Grants | $37,798 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,276,592 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,374,963 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,522 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,755 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $23,587 | CYOtherRevenueAmt |
| PY Total Revenue | $7,305,801 | PYTotalRevenueAmt |
| CY Total Revenue | $8,440,103 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $288,908 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $362,187 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,150,794 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,593,304 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,670,916 | PYOtherExpensesAmt |
| CY Other Expenses | $8,242,259 | CYOtherExpensesAmt |
| PY Total Expenses | $12,110,618 | PYTotalExpensesAmt |
| CY Total Expenses | $12,197,750 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$4,804,817 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,757,647 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $57,428,948 | TotalAssetsBOYAmt |
| Total Assets EOY | $57,001,640 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $64,474,450 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $68,449,232 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$7,045,502 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$11,447,592 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The mission of Sears is to provide leadership in response to the needs of our aging population. We believe we have a responsibility for studying, analyzing, planning, developing, and implementing quality service to the aging where appropriate needs are found for Health Care and residential living services and can be provided in a Christian environment. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $10,531,542 | ExpenseAmt |
| Grant | $362,187 | GrantAmt |
| Revenue | $8,374,963 | RevenueAmt |
| Desc | Sears Tyler Methodist Retirement Corporation is organized to develop, own and operate a continuing care retirement community. The development was completed during 2010 with the completion of 12 executive homes and 80 independent living apartments, and in 2011 with the completion of the remaining 20 assisted living units, 34 memory support units and 30 bed health center. In addition, during 2011, the organization completed contruction of an additional 15 executive homes. During 2012, 6 additional homes were completed. In 2013, 4 additional executive homes were completed. The organization has a total potential capacity of 54 executive homes. | Desc |
| Total Program Service Expenses | $10,531,542 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 32 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 192 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Randal Crosswhite Interim CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3256915519 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Village Drive Suite 400 | AddressLine1 |
| City | Abilene | City |
| State | TX | State |
| ZIP Code | 79606 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| Larry Dodson | |||||||
| Chairman | 1.00 | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Rick Rhodes | |||||||
| Vice Chairman | 1.00 | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Carol Denton | |||||||
| Secretary | 1.00 | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| David Lynn | |||||||
| Treasurer | 1.00 | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Quintan Chamness | |||||||
| Trustee | 1.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Barbara Cherry | |||||||
| Trustee | 1.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Bita Kash | |||||||
| Trustee | 1.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Dan Olson | |||||||
| Trustee | 1.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Mike Sullivan | |||||||
| Trustee | 1.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Keith Perry | |||||||
| President, CEO and Ex-Officio Trustee | 2.00 | 38.00 | Yes (X) | $0 | $314,193 | $136,832 | |
| Terry Myers | |||||||
| Senior Vice President & CFO | 2.00 | 38.00 | Yes (X) | $0 | $253,127 | $45,939 | |
| Gary Anderson | |||||||
| Executive Vice President & COO | 2.00 | 38.00 | Yes (X) | $0 | $187,944 | $21,578 | |
| Michael Sims | |||||||
| Senior Vice President - Operations | 2.00 | 38.00 | Yes (X) | $0 | $191,709 | $62,402 | |
| Kenneth Fincher | |||||||
| Senior Vice President and Director of Sears Method | 2.00 | 38.00 | Yes (X) | $0 | $139,459 | $21,063 | |
| Windell Hawkins | |||||||
| Senior Vice President - Risk Management | 2.00 | 38.00 | Yes (X) | $0 | $113,519 | $39,992 | |
| Kent Herring | |||||||
| Regional Vice President & Executive Director | 2.00 | 38.00 | Yes (X) | $0 | $135,898 | $42,349 | |
| Randal Crosswhite | |||||||
| Vice President & Controller | 2.00 | 38.00 | Yes (X) | $0 | $141,963 | $22,867 | |
| Melanie Juel | |||||||
| Vice President - Human Resources | 2.00 | 38.00 | Yes (X) | $0 | $141,143 | $4,794 | |
| Gordon Shoger | |||||||
| Vice President - Financial Operations | 2.00 | 38.00 | Yes (X) | $0 | $123,812 | $13,948 | |
| Terry Huskey | |||||||
| Vice President - Information Technology | 2.00 | 38.00 | Yes (X) | $0 | $103,225 | $29,342 | |
| Mary Goodin | |||||||
| Vice President - Clinical Services | 2.00 | 38.00 | Yes (X) | $0 | $87,105 | $7,761 | |
| Stephen Illingworth | |||||||
| Vice President - Veterans Services | 2.00 | 38.00 | Yes (X) | $0 | $49,539 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,982,636 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $448,867 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Conway Homes | |||||
| PO Box 880 | Whitehouse | TX | 75791 | Home Construction | $756,405 |
| Ben E Keith | |||||
| PO Box 901001 | Ft Worth | TX | 76101 | Raw Food | $303,079 |
| Select Rehab | |||||
| PO Box 809056 | Chicago | IL | 60680 | Therapy Services | $243,188 |
| MP2 Energy | |||||
| PO Box 75320-2829 | Dallas | TX | 75320 | Electrical Provider | $209,074 |
| Pharmerica | |||||
| PO Box 409251 | Atlanta | GA | 303849251 | Resident RX Drugs | $192,024 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $37,671 | RelatedOrganizationsAmt |
| All Other Contributions | $127 | AllOtherContributionsAmt |
| Total Contributions | $37,798 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Resident Charges | Desc |
| Business | 623000 | BusinessCd |
| Total Revenue Column | $8,374,963 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,374,963 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,374,963 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,755 | TotalRevenueColumnAmt |
| Exclusion | $3,755 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous Revenue | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $23,587 | TotalRevenueColumnAmt |
| Exclusion | $23,587 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $23,587 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,440,103 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,374,963 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $27,342 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $362,187 | TotalAmt |
| Program Services | $362,187 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,093,426 | TotalAmt |
| Program Services | $2,477,107 | ProgramServicesAmt |
| Management And General | $616,319 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,919 | TotalAmt |
| Program Services | $201,728 | ProgramServicesAmt |
| Management And General | $50,191 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,959 | TotalAmt |
| Program Services | $198,557 | ProgramServicesAmt |
| Management And General | $49,402 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $176,849 | TotalAmt |
| Management And General | $176,849 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $640,524 | TotalAmt |
| Program Services | $573,934 | ProgramServicesAmt |
| Management And General | $66,590 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,057 | TotalAmt |
| Management And General | $156,057 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,032 | TotalAmt |
| Management And General | $157,032 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $502,170 | TotalAmt |
| Program Services | $502,170 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,920 | TotalAmt |
| Management And General | $26,920 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,206,237 | TotalAmt |
| Program Services | $3,206,237 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,974,786 | TotalAmt |
| Program Services | $1,974,786 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,224 | TotalAmt |
| Management And General | $177,224 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Food | $472,812 | $472,812 | |
| Supplies | $317,810 | $317,810 | |
| Equipment Rental & Main | $213,141 | $213,141 | |
| Miscellaneous | $80,809 | $80,809 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,888 | TotalAmt |
| Program Services | $31,073 | ProgramServicesAmt |
| Management And General | $108,815 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,197,750 | TotalAmt |
| Program Services | $10,531,542 | ProgramServicesAmt |
| Management And General | $1,666,208 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,689 | BOYAmt |
| EOY | $256,673 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,246,488 | BOYAmt |
| EOY | $1,141,983 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $396,900 | BOYAmt |
| EOY | $539,813 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,109 | BOYAmt |
| EOY | $18,014 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,810 | BOYAmt |
| EOY | $3,156 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $53,539,114 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,399,354 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,981,661 | BOYAmt |
| EOY | $49,139,760 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,685,291 | BOYAmt |
| EOY | $5,902,241 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,428,948 | BOYAmt |
| EOY | $57,001,640 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $795,204 | BOYAmt |
| EOY | $2,491,824 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,861,501 | BOYAmt |
| EOY | $18,402,215 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,198,175 | BOYAmt |
| EOY | $42,215,510 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,917 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,619,570 | BOYAmt |
| EOY | $5,336,766 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,474,450 | BOYAmt |
| EOY | $68,449,232 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$7,045,502 | BOYAmt |
| EOY | -$11,447,592 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$7,045,502 | BOYAmt |
| EOY | -$11,447,592 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,428,948 | BOYAmt |
| EOY | $57,001,640 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,757,647 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$618,077 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$26,366 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $149,161 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $23,687 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $37,798 | CurrentTaxYearAmt |
| Total | $210,646 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $80,335 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,666,381 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,276,592 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,374,963 | CurrentTaxYearAmt |
| Total | $18,398,271 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $229,496 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,666,381 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,300,279 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,412,761 | CurrentTaxYearAmt |
| Total | $18,608,917 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $18,608,917 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $82,952 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,842 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,755 | CurrentTaxYearAmt |
| Total | $91,549 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $82,952 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,842 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,755 | CurrentTaxYearAmt |
| Total | $91,549 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $23,587 | CurrentTaxYearAmt |
| Total | $23,587 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $229,496 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,749,333 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,305,121 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,440,103 | CurrentTaxYearAmt |
| Total | $18,724,053 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99390 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99150 | PublicSupportPY509Pct |
| Investment Income CY | 0.00490 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00850 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part III, Line 12, Explanation of Other Income: | FormAndLineReferenceDesc |
| Explanation | Miscellaneous Income - 2013 Amount: $ 23,587. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,297,813 | OtherCostOrOtherBasisAmt |
| Book Value | $1,297,813 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $48,217,512 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,276,792 | DepreciationAmt |
| Book Value | $44,940,720 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $891,752 | OtherCostOrOtherBasisAmt |
| Depreciation | $266,974 | DepreciationAmt |
| Book Value | $624,778 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,132,037 | OtherCostOrOtherBasisAmt |
| Depreciation | $855,588 | DepreciationAmt |
| Book Value | $2,276,449 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $49,139,760 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Bond Issuance Costs - 07 Series | $2,222,527 |
| Deferred Marketing Cost | $1,815,412 |
| Construction in Progress | $314,048 |
| Bond Service Funds | $816,968 |
| Due from Other Campuses | $735,791 |
| Investment in Foundation | -$2,505 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,902,241 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Due to Related Parties | $4,955,723 |
| Security Deposits | $381,043 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,336,766 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Organization has been granted exempt status relative to federal and state corporate income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state codes. The Organization's income tax returns are subject to review and examination by federal, state, and local authorities. The tax returns for the years 2010 to 2013 are open to examination by federal, local, and state authorities. The Organization is not aware of any activities that would jeopardize its tax-exempt status. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Charitable Discounts to Residents | GrantTypeTxt |
| Recipient | 67 | RecipientCnt |
| Cash Grant | $362,187 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The recipients fill out a detailed application which requires the CEO's approval before the funds are released for assistance. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Keith Perry | ||||||||||||||
| President, CEO and Ex-Officio Truste | $0 | $277,027 | $0 | $33,338 | $0 | $3,828 | $0 | $136,832 | $0 | $0 | $0 | $451,025 | $0 | $0 |
| Terry Myers | ||||||||||||||
| Senior Vice President & CFO | $0 | $238,000 | $0 | $15,000 | $0 | $127 | $0 | $45,939 | $0 | $0 | $0 | $299,066 | $0 | $0 |
| Gary Anderson | ||||||||||||||
| Executive Vice President & COO | $0 | $37,944 | $0 | $0 | $0 | $150,000 | $0 | $21,578 | $0 | $0 | $0 | $209,522 | $0 | $0 |
| Michael Sims | ||||||||||||||
| Senior Vice President - Operations | $0 | $185,276 | $0 | $0 | $0 | $6,433 | $0 | $62,402 | $0 | $0 | $0 | $254,111 | $0 | $0 |
| Kenneth Fincher | ||||||||||||||
| Senior Vice President and Director o | $0 | $135,684 | $0 | $0 | $0 | $3,775 | $0 | $21,063 | $0 | $0 | $0 | $160,522 | $0 | $0 |
| Windell Hawkins | ||||||||||||||
| Senior Vice President - Risk Managem | $0 | $113,224 | $0 | $0 | $0 | $295 | $0 | $39,992 | $0 | $0 | $0 | $153,511 | $0 | $0 |
| Kent Herring | ||||||||||||||
| Regional Vice President & Executive | $0 | $127,222 | $0 | $8,500 | $0 | $176 | $0 | $42,349 | $0 | $0 | $0 | $178,247 | $0 | $0 |
| Randal Crosswhite | ||||||||||||||
| Vice President & Controller | $0 | $141,530 | $0 | $0 | $0 | $433 | $0 | $22,867 | $0 | $0 | $0 | $164,830 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Lines 4a-b | FormAndLineReferenceDesc |
| Explanation | Per Form 990, Schedule J, Part 1, Line 4a, the following people received severance payments. Here are their names and the amounts received: Gary Anderson $150,000 Mary Goodin $24,958 Per Form 990, Schedule J, Part 1, Line 4b, the following people participated in, or received payment from, a supplemental nonqualified retirement plan. Here are their names and the amounts received: Keith Perry $136,832 Terry Myers $45,939 Gary Anderson $21,578 Michael Sims $62,402 Kenneth Fincher $21,063 Windell Hawkins $39,992 Kent Herring $42,349 Randal Crosswhite $22,867 Melanie Juel $4,794 Gordon Shoger $13,948 Terry Huskey $29,342 Mary Goodin $7,761 Cheryl Harding $16,336 Pamela McGrew $31,160 Diana Zarate $29,972 Wendy Grimes $14,068 Cy Jenkins $6,942 | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| HFDC Of Central Texas Inc | ||||||||
| A | 371453424 | 42833NAV6 | 2009-11-10 | $43,028,799 | Construction of Meadow Lake Project | 0 | 0 | 0 |
| HFDC Of Central Texas Inc | ||||||||
| B | 371453424 | 42833TBBO | 2011-03-09 | $5,341,015 | Construction & related capital expenditures | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $6,295,000 | $43,950,000 | $860,575 | $5,587,978 | $31,399,408 | $6,102,039 | 2011 | 0 | 0 | Yes (1) | Yes (1) |
| B | $5,341,015 | $106,820 | $5,234,195 | 2011 | 0 | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Parts I & II | There is a difference between the issue price and total proceeds of issue for the 2009 bond shown in Column A because it was issued at a $921,200 discount. |
| Schedule K, Part V | The Organization has represented that it will, and covenanted to, comply with all tax requirements imposed by the Code to satisy Sections 141 and 145 through 150 of the Code in the tax certificate and loan agreement related to the tax-exempt bond issue. Other than these representations and covenants, the Organization has not adopted post-issuance monitoring procedures. The Organization realized that post-issuance monitoring procedures are an important tool in the management of issues arising after tax-exempt bonds are issued. While the Organization does not currently have detailed written procedures, it however has consultants, with whom it consults from time to tiem on an ad hoc basis, including bond counsel, to ensure ongoing compliance with tax and securities laws. In addition, the Organization is considering establishing additional post-issuance monitoring procedures to ensure continued compliance with Sections 141 and 145 through 150 of the Code. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 1 | The Executive Committee often makes decisions for the Board; however, the Board is always notified of any action the Executive Committee takes. The Executive Committee is composed of the Chairman, Vice Chairman, Secretary, Treasurer, and President. The President is a non-voting member with voice. With regard to scope, the Executive Committee "shall possess and may exercise all the powers of the Board of Trustees except as subject to the provisions of Article 7.07. The Executive Committee shall exercise these powers only when it is impractical to convene a called meeting of the Board of Trustees. The Board of Trustees may delegate specific authority or responsibility to the Executive Committee." The Executive Committee may not: Amend the Articles of Incorporation; Adopt a plan of merger or a plan of consolidation with another corporation; Authorize the sale, lease, exchange, or mortgage of all or substantially all of the property and assets of the Corporation; Authorize the voluntary dissolution of the Corporation; Revoke proceedings for the voluntary dissolution of the Corporation; Adopt a plan for the distribution of the assets of the Corporation; Amend, alter or repeal the bylaws; Elect, appoint, or remove a member of a committee or a Trustee or officer of the Corporation; Approve any transaction to which the Corporation is a party and that involves a potential conflict of interest as defined in paragraph 10.05, below; Take any action outside the scope of authority delegated to it by the Board of Trustees; Take final action on a matter that requires the approval of the Board of Trustees. |
| Form 990, Part VI, Section A, line 3 | The Organization delegates management duties including supervising personnel, operations, and budgeting to Sears Methodist Retirement System, Inc., the parent company, who in turn has a management contract with Life Care Services. |
| Form 990, Part VI, Section B, line 11 | A copy of the form 990 was made available to all board members for review and approval before filing the return. |
| Form 990, Part VI, Section B, line 12c | Conflict of Interest statements are completed annually by Sears Methodist Retirement System Board of Trustees, Sears Tyler Methodist Retirement Center Board of Directors and all senior staff. Any new Board Members or senior staff are required to complete the statement upon hire. |
| Form 990, Part VI, Section B, line 15 | The compensation for the CEO is determined by the performance/compensation committee and is approved by the board in an annual review. Any raise or bonus is discussed and voted on by the board. Every few years an outside compensation specialist is hired to help determine compensation for the CEO. Each senior VP or executive VP review or salary increase is determined by the CEO in an annual review process. Each senior VP has key officers under them that are reviewed in the same manner. |
| Form 990, Part VI, Section C, line 19 | Although not required, the organization will provide photocopies of its governing documents, conflict of interest policy, and financial statements to those who request one or more of these items. |
| Form 990, Part XI, line 9: | Change in SMF Investment -26,366. |
| Form 990, Part XII, Line 2C: | The Organization has a committee which assumes responsibility for choosing the independent auditor and oversight of the independent audit. This process is consistent with prior years. |
| Form 990, Part XI, Line 8 | During the year ended December 31, 2013, the Organization adopted ASU 2012-01. The adoption results in an adjustment increasing net deficit and increasing the liability for refundable fees by $248,296 as of January 1, 2012. The entrance fee amortization for the year ended December 31, 2012 was decreased by $369,780. The cumulative effect of the change in accounting as of December 31, 2012 is $618,077. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sears Methodist Retirement System Inc | |||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752516330 | Senior Living | TX | 501(c)(3) | Line 11b, II | N/A | 0 | |
| Sears Panhandle Retirement Corporation | |||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752503233 | Senior Living | TX | 501(c)(3) | Line 9 | 0 | Sears Methodist Retirement System | |
| Sears Methodist Foundation | |||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752692545 | Manages charitable funds for all SMRS related entities | TX | 501(c)(3) | Line 11c, III-FI | 0 | Sears Methodist Retirement System | |
| Sears Methodist Centers Inc | |||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 751234917 | Senior Living | TX | 501(c)(3) | Line 9 | 0 | Sears Methodist Retirement System | |
| Sears Caprock Retirement Corporation | |||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 020709581 | Senior Living | TX | 501(c)(3) | Line 9 | 0 | Sears Methodist Retirement System | |
| Sears Plains Retirement Corporation | |||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752768233 | Senior Living | TX | 501(c)(3) | Line 9 | 0 | Sears Methodist Retirement System | |
| Sears Brazos Retirement Corporation | |||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 010598053 | Senior Living | TX | 501(c)(3) | Line 9 | 0 | Sears Methodist Retirement System | |
| Sears Permian Retirement Corporation | |||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752707608 | Senior Living | TX | 501(c)(3) | Line 9 | 0 | Sears Methodist Retirement System | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Canyons Senior Living LP | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2200 West Seventh | AddressLine1 |
| City | Amarillo | City |
| State | TX | State |
| ZIP Code | 79106 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 260888545 | EIN |
| Primary Activities | Low Income Sr. Housing | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Predominant Income Type | Related | PredominantIncomeTypeTxt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| Senior Dimensions Inc | |||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752814016 | Consulting | TX | N/A | C | 0 |
| Texas Senior Management Inc | |||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 320333801 | Management | TX | N/A | C | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Comments