2014-11-17T10:52:25-06:00 2013-12-31 LANE GORMAN TRUBITT PLLC 2626 HOWELL STREET SUITE 700 DALLAS TX 752044064 990 2013-01-01 201203479 BARTON CREEK SENIOR LIVING CENTER INC % ARA WEBB BART 2146236116 12720 Hillcrest Road Suite 106 Suite DALLAS TX 75230 CHARLES BREWER PRESIDENT 2146236116 2014-11-17 true Courtney A Weldon P01282657 2146236116 2013 2015-11-30 17:44:51Z X QUERENCIA AT BARTON CREEK CHARLES B BREWER 12720 Hillcrest Road 106 DALLAS TX 75230 24990338 false X www.querenciabartoncreek.com X 2003 TX TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR SENIOR CITIZENS,FEATURING PERSONAL SERVICES, INDEPENDENT & ASSISTED LIVING, MEMORY CARE & SKILLED NURSING 4 3 353 36 0 18186 0 19792647 18254725 262594 217992 1195109 94436 21268536 18567153 0 280 0 0 7219843 8140612 0 0 0 13769964 13368161 20989807 21509053 278729 -2941900 108793943 106566437 126693778 136946870 -17899835 -30380433 TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR SENIOR CITIZENS, FEATURING PERSONAL SERVICES, INDEPENDENT AND ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. false false 18879999 280 18349161 A CCRC LIFE CARE COMMUNITY FEATURING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. 18879999 true false false false false false false false true false true true false false true true true false false false false false false false false false false false false true true true false false false false false false false false false false false false false false true false false false true X 87 0 true 353 true false false false false false false false false false false X 4 3 true false false false true true true true false false false true true true true true true true true false X X ARA WEBB 5126109407 2500 BARTON CREEK BLVD AUSTIN TX 78735 X CHARLES B BREWER PRESIDENT 1.0 46.0 X X 0 245897 7980 BERNIE FRANCIS TREASURER & SECRETARY 1.0 7.0 X X 0 8000 0 LEE COOKE DIRECTOR 1.0 0.0 X 0 0 0 MIKE BARRON DIRECTOR 1.0 3.0 X 0 3000 0 NATE WEYAND EXECUTIVE DIRECTOR 40.0 0.0 X 135930 0 10498 LESLIE DOMINGUEZ DIRECTOR OF MARKETING 40.0 0.0 X 124730 0 1871 260660 256897 20349 2 false true false GREYSTONE MANAGEMENT SERVICES CO 225 E JOHN CARPENTER FWY SUITE 7 IRVING TX 75062 MANAGEMENT SERVICES 388504 SENIOR QUALITY LIFESTYLES CORPORATI 12720 Hillcrest Road Suite 106 DALLAS TX 75230 MANAGEMENT SERVICES 823769 GIBBONS CUSTOM HOMES 1335 E WHITESTONE BLVD SUITE Z-2 CEDAR PARK TX 78630 CONSTRUCTION SERVICE 205191 GODWIN LEWIS PO BOX 678404 DALLAS TX 75267 LEGAL SERVICES 181425 BLACKMON MOORING 4616 HOWARD LANE BLDG 7 SUITE 700 AUSTIN TX 78728 REPAIR SERVICES 171179 9 0 RESIDENT SERVICES 623000 18254725 18254725 18254725 203660 203660 69647 69647 0 0 0 0 6367870 6423185 -55315 -55315 -55315 0 0 0 MEAL REVENUE 900099 24883 24883 ACCOMODATION 721000 13943 13943 COMMUNITY AND ADMIN FEES 900099 32588 32588 23022 23022 94436 18567153 18349161 217992 280 280 0 0 0 146428 131785 14643 0 6470568 5823511 647057 0 994591 895132 99459 529025 476123 52902 681522 681522 231446 208301 23145 53367 48030 5337 0 0 27297 24567 2730 656509 590858 65651 111699 100529 11170 443686 399317 44369 100821 90739 10082 0 2678537 2410683 267854 110511 99460 11051 0 5751 5751 2216356 1994720 221636 0 3556665 3200999 355666 67729 60956 6773 DINING 1258021 1258021 NURSING & ASSISTED LIVING 293118 293118 REPAIRS & MAINTENANCE 557077 501369 55708 DUES & SUBSCRIPTIONS 41367 37230 4137 276682 234271 42411 21509053 18879999 2629054 0 X 5623070 4573538 2224429 4143392 0 0 5639520 1295700 0 0 0 0 0 0 36844 40160 110260 120496 97180420 16514976 82762139 80665444 3185682 2953935 4784528 8773951 0 0 0 0 4427471 3999821 108793943 106566437 2808624 2584369 0 0 84311288 7439562 38942824 38142914 200000 425000 0 0 0 0 0 0 431042 88355025 126693778 136946870 X -17899835 -30380433 0 0 0 0 -17899835 -30380433 108793943 106566437 -2941900 -245063 -9293635 X false true X true false X 0 0 0 18186 0 18186 15856195 17976245 19549302 19792647 18254725 91429114 0 0 0 15856195 17976245 19549302 19810833 18254725 91447300 0 0 0 91447300 191014 114753 170482 248282 273307 997838 0 191014 114753 170482 248282 273307 997838 0 372493 218199 189319 1195109 94436 2069556 16419702 18309197 19909103 21254224 18622468 94514694 0.96755 0.95693 0.01056 0.01656 X false true X 5000000 5000000 87964593 14307866 73656727 2063791 1067866 995925 2152036 1139244 1012792 80665444 0 0 RESIDENT DEPOSIT LIABILITIES 30000 PAYABLE DUE TO SQLC 171809 REFUNDABLE ENTRANCE FEE LIABILTY 88153216 88355025 X 18294793 -245063 -245063 18539856 27297 27297 18567153 21481756 21481756 27297 27297 21509053 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 $15,000 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 entrance fee. The resident's deposit is restricted by the Texas Department of Insurance until the resident takes occupancy of an apartment. 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. false false false false false false false false false CHARLES B BREWER PRESIDENT 0 207143 0 38754 0 0 0 0 0 7980 0 253877 0 0 COMPENSATION OF THE EXECUTIVE DIRECTOR FORM 990, SCHEDULE J, PART II THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES ARE PAID THROUGH THE RELATED SUPPORTING ORGANIZATION, SENIOR QUALITY LIFESTYLES CORPORATION (EIN: 36-4502669). HOWEVER, THEIR FORM W-2S ARE ISSUED THROUGH A THIRD-PARTY, PROFESSIONAL EMPLOYER ORGANIZATION, MERIT RESOURCES, INC. (EIN: 42-1368750). A TRAVIS COUNTY HEALTH FACILITIES DEVELOPMENT CORP 742251752 89439RAJ3 2005-09-29 110229796 CONSTRUCTION OF CCRC FACILITY false false false A 72400000 0 116735364 3030418 9168877 0 2204596 1088090 4306032 94545678 3167185 0 2007 false false true true A false true true true false 0.00100 0.00000 0.00100 false false 0.00000 false false A false false false true true true LEHMAN BROS 3.5 false true false 0 true 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. PROCEDURE TO UNDERTAKE CORRECTIVE ACTION SCHEDULE K, PART V BARTON CREEK SENIOR LIVING CENTER, INC. (the "Corporation") will consider adopting specific written procedures to ensure timely correction of potential violations of Federal tax requirements related to its bond issue through the use of the voluntary closing agreement program if self-remediation is not available under applicable regulations. However, the Corporation has covenanted in its Master Trust Indenture and other documents related to its bond issue to comply with all applicable Federal tax requirements related to its bond issue and the Corporation may not take certain actions, such as a disposition of the project or defeasance or refunding of the bond issue, without first obtaining an opinion of bond counsel that such actions will not cause the bond issue to fail to meet the Federal tax requirements applicable to the bond issue. Additionally, the Corporation has covenanted to maintain all required records related to its bond issue for Federal tax compliance and engages an expert to compute the Corporation's potential rebate liability under applicable arbitrage rebate regulations each year to ensure timely compliance with these requirements. Arbitrage Rebate SCHEDULE K, PART IV, LINE 2C BASED ON REBATE COMPUTATIONS DATED 9/28/2010 AND 10/31/12, NO REBATE LIABILITY EXISTS AND REPORTING TO THE IRS IS NOT REQUIRED AT THIS TIME. Written Monitoring Procedures SCHEDULE K, PART III, LINE 9 AND PART IV, LINE 7 The organization has represented that it will, and covenanted to, comply with all tax requirements imposed by the Code to satisfy 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 realizes 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 time 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. Business Relationships among Board of Directors Form 990, Part VI, Section A, Line 2 THE FOLLOWING BOARD MEMBERS MAINTAIN A BUSINESS RELATIONSHIP WITH EACH OTHER DUE TO COMMON PARTICIPATION AS OFFICERS OR DIRECTORS OF VARIOUS OTHER RELATED NOT-FOR-PROFIT ENTITIES BY WHICH ONE OR MORE OF THE INDIVIDUALS IS COMPENSATED: CHARLES B. BREWER BERNIE FRANCIS MIKE BARRON Management company FORM 990, PART VI, SECTION A, LINE 3 Greystone Management is an unrelated business organization engaged by THE BOARD OF DIRECTORS OF BARTON CREEK SENIOR LIVING CENTER, 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. CORPORATE MEMBER FORM 990, PART VI, SECTION A, LINEs 6, 7(A) AND 7(B) Senior Quality Lifestyles Corporation (SQLC) is the sole member of the organization. SQLC acts as a supporting organization, providing oversight, direction, and governance support, and will make grants and/or provide other forms of financial assistance as needed. SQLC, as the sole member, has authority to elect board members of the Organization. SQLC, as the sole member of the organization, has all of the typical rights afforded to a member of a Texas nonprofit corporation, such as the right to approve any amendments to the articles of incorporation or bylaws, and the right to approve any proposed dissolution of the organization. COMPENSATION REVIEW of MANAGEMENT FORM 990, PART VI, SECTION B, LINE 15 The CEO of Senior Quality Lifestyles Corporation, along with the management company, Greystone, and Merit Resources, Inc., an independent professional employer organization, set the salary for the Executive Director. Both Greystone and Merit Provide Comparative Salary Data. The Executive Director, Greystone Regionals, and Merit set other top management rates based on market wages and years of experience. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 THE BOARD MEMBERS OF BARTON CREEK SENIOR LIVING CENTER, SENIOR QUALITY LIFESTYLES CORPORATION AND GREYSTONE COMMUNITIES, THE MANAGEMENT COMPANY, REVIEW THE FORM 990 UPON COMPLETION. The board review and approval of the Form 990 is COMPLETED prior to filing. DOCUMENTS AVAILABLE TO PUBLIC FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED TO NATIONALLY Recognized ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA). DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION ALSO PROVIDES DOCUMENTS THROUGH THE ANNUAL DISCLOSURE STATEMENT TO THE TEXAS DEPARTMENT OF INSURANCE. TOP MANAGEMENT AND FINANCIAL OFFICIAL FORM 990, PART VII The executive director is the top management official AND TOP FINANCIAL OFFICIAL. Per the form instructions, THE TOP MANAGEMENT AND FINANCIAL OFFICIALS ARE deemed to be officerS. 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, ISSUES ALL W-2S AND ACTS AS AN OUTSOURCED HUMAN RESOURCES PAYROLL DEPARTMENT FOR THE ORGANIZATION. INVESTMENT OF TAX-EXEMPT BOND PROCEEDS FORM 990, PART IV, LINE 24B The investment yield did not exceed the yield on the bonds, and therefore, no rebate of any arbitrage is due. 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 (community and corporate) in addition to the Management Company will bring any questionable activity to the attention of the board or AN officer. GROSS RECEIPTS FORM 990, PAGE 1, SECTION G Per the IRS form instructions, the amount reported in Box G for gross receipts includes security sales proceeds of $6,367,870. PRIOR PERIOD ADJUSTMENT FORM 990, PART XI, LINE 8 DUE TO A CHANGE IN ACCOUNTING PRINCIPLE, A PRIOR PERIOD ADJUSTMENT OF $9,293,635 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 reoccupancy by a subsequent resident, which is limited to the proceeds of reoccupancy. 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 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 $9,293,635 was recorded as a result of the clarification to the accounting treatment of refundable entrance fees. SENIOR QUALITY LIFESTYLES CORP (SQLC) 12720 Hillcrest Road STE 106 DALLAS TX 75230 364502669 HEALTH CARE TX 501(c)(3) 11-II NA false BUCKINGHAM SENIOR LIVING COMMUNITY INC 12720 Hillcrest Road STE 106 DALLAS TX 75230 300097872 HEALTH CARE TX 501(c)(3) 9 SQLC false SQLC SENIOR LIVING CTR AT CORPUS CHRISTI 12720 Hillcrest Road STE 106 DALLAS TX 75230 261778912 HEALTH CARE TX 501(c)(3) 9 SQLC false NORTHWEST SENIOR HOUSING CORPORATION 12720 Hillcrest Road STE 106 DALLAS TX 75230 752771278 HEALTH CARE TX 501(c)(3) 9 SQLC false SQLC CHARITABLE FOUNDATION 12720 Hillcrest Road STE 106 DALLAS TX 75230 262474373 FOUNDATION TX 501(c)(3) 7 SQLC false TARRANT COUNTY SENIOR LIVING CENTER INC 12720 Hillcrest Road STE 106 DALLAS TX 75230 208068602 HEALTH CARE TX 501(c)(3) 9 SQLC false MAYFLOWER COMMUNITIES INC 12720 HILLCREST ROAD STE 106 DALLAS TX 75230 261446350 HEALTH CARE DE 501(c)(3) 9 SQLC false TANGLEWOOD SENIOR LIVING CENTER 12720 Hillcrest Road STE 106 DALLAS TX 75230 261778214 INACTIVE TX SQLC C CORP 0 0 false SQLC SENIOR LIVING CTR AT ALAMO HEIGHTS 12720 Hillcrest Road STE 106 DALLAS TX 75230 272566984 INACTIVE TX SQLC C CORP 0 0 false false false false false false false false false false false false true true true true true true false false NA