2012-11-15T12:07:22-06:00 2011-12-31 LANE GORMAN TRUBITT PLLC 2626 HOWELL STREET SUITE 700 DALLAS TX 752044064 990 2011-01-01 201203479 BARTON CREEK SENIOR LIVING CENTER INC % ARA WEBB BART 2146236116 12720 Hillcrest DALLAS TX 75230 CHARLES BREWER 2012-11-15 true James R Smith 2148717500 2011 2016-02-24 21:20:13Z X QUERENCIA AT BARTON CREEK CHARLES B BREWER 12720 Hillcrest Road 106 DALLAS TX 75230 33282366 false X www.querenciabartoncreek.com X 2003 TX TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR SENIOR CITIZENS, FEATURING PERSONAL SERVICES, INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. 3 2 329 94 0 0 0 17976245 19549302 107266 190534 218199 189319 18301710 19929155 0 0 0 0 6962748 7296960 0 0 0 13451413 14516976 20414161 21813936 -2112451 -1884781 107689312 105100728 124056694 123381478 -16367382 -18280750 TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR SENIOR CITIZENS, FEATURING PERSONAL SERVICES, INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. false false 19088209 19738621 A CCRC LIFE CARE COMMUNITY FEATURING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. 19088209 true false false false false false false false true false true false false true 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 false true X 101 0 true 329 true false false false false false false false false false false X 3 2 true false false false true true false true true false false true true true true true true true true false X ARA WEBB 5126109407 2500 BARTON CREEK BLVD AUSTIN TX 78735 X CHARLES B BREWER 2.0 X X 0 246666 7458 BERNIE FRANCIS 2.0 X X 0 12000 0 LEE COOKE 2.0 X 0 0 CARY CLAYBORN 2.0 X 0 12000 0 ROSS DICKMANN 50.0 X 203164 0 8395 LESLIE DOMINGUEZ 45.0 X 116270 0 872 319434 270666 16725 2 false true false GREYSTONE DEVELOPMENT COMPANY II L 225 E JOHN CARPENTER FWY SUITE 7 IRVING TX 75062 DEVELOPMENT SVCS 316758 GREYSTONE MANAGEMENT SERVICES CO 225 E JOHN CARPENTER FWY SUITE 7 IRVING TX 75062 MANAGEMENT SERVICES 404506 REHAB CARE GROUP INC 7733 Forsyth Blvd Suite 1700 ST LOUIS MO 63105 THERAPY SERVICES 754539 SENIOR QUALITY LIFESTYLES CORPORATI 12720 Hillcrest Road Suite 106 DALLAS TX 75230 MANAGEMENT SERVICES 532328 GREATER METROPLEX INTERIORS INC 2020 E CONTINENTAL BLVD SOUTHLAKE TX 76092 RENOVATION SERVICES 319850 12 0 RESIDENT SERVICES 623000 19549302 19549302 19549302 81034 81034 89448 89448 0 13373263 13353211 20052 20052 20052 0 0 0 LAUNDRY SERVICES 900099 33038 33038 OTHER PERSONAL SERVICES 900099 32224 32224 COMMUNITY AND ADMIN FEES 900099 29000 29000 95057 95057 189319 19929155 19738621 190534 0 0 0 0 211559 190403 21156 0 5762076 5185868 576208 0 0 847349 762614 84735 475976 428378 47598 611512 611512 27912 25121 2791 35050 31545 3505 0 0 12667 11400 1267 1268994 1142095 126899 120396 108356 12040 697958 628162 69796 67744 60970 6774 0 3775898 3398309 377589 16730 15057 1673 0 2950 2950 2300224 2070202 230022 0 3372749 3035474 337275 81098 72988 8110 DINING 1211816 1211816 BUILDING & GROUND MAINTENANCE 379200 341280 37920 NURSING & ASSISTED LIVING 111252 111252 BAD DEBT EXPENSE 116056 116056 306770 256919 49851 21813936 19088209 2725727 0 1444540 2954154 4919779 2006236 0 0 3894797 2943015 0 0 0 0 0 0 34965 36747 98097 103632 95791915 11201334 86721125 84590581 3004145 3206946 0 3963196 0 0 0 0 7571864 5296221 107689312 105100728 2858295 3353069 0 0 79291858 79371033 40434577 39706967 100000 211749 0 0 0 0 0 0 1371964 738660 124056694 123381478 X -16367382 -18280750 0 0 0 0 -16367382 -18280750 107689312 105100728 X -1884781 -28587 X false true true X false X 2123874 9595509 15856195 17976245 19549302 65101125 2123874 9595509 15856195 17976245 19549302 65101125 65101125 1039598 708242 191014 114753 170482 2224089 1039598 708242 191014 114753 170482 2224089 46855 318557 372493 218199 189319 1145423 3210327 10622308 16419702 18309197 19909103 68470637 0.95079 0.93777 0.03248 0.04228 X false true 5000000 5000000 87480084 9784069 77696015 1526927 734977 791950 1784904 682288 1102616 84590581 ACCRUED INTEREST RECEIVABLE 57629 FUNDING INVESTMENT AGREEMENT 0 CONTRACT ACQUISITION COSTS 3330721 BOND ISSUANCE COSTS, NET 1696122 RESIDENT DEPOSITS 211749 5296221 0 RESIDENT DEPOSIT LIABILITIES 27000 PAYABLE DUE TO SQLC 697192 CAPITAL LEASE OBLIGATIONS 14468 NOTE PAYABLE - SQLC 0 738660 19929155 21813936 -1884781 -28587 -28587 -1913368 19887901 -28587 -28587 19916488 12667 12667 19929155 21801269 21801269 12667 12667 21813936 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, 2011 and 2010, 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 Organization's 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 Organization's 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 2008. false false false false false true true false false CHARLES B BREWER 0 191541 0 55125 0 0 0 0 0 7458 0 254124 0 0 ROSS DICKMANN 165472 0 37692 0 0 0 0 0 8395 0 211559 0 0 0 Compensation of Management Form 990, Schedule J, Part I, Lines 6(a) & 6(b) The Executive Directors and Associate Executive Directors participate in a bonus plan based on the earnings performance of their respective community, AS WELL AS A PORTION RELATED TO SQLC EFFORTS. The bonus plan is only applicable to operating communities. OFFICERS AND EMPLOYEES OF SENIOR QUALITY LIFESTYLES CORPORATION ARE ELIGIBLE FOR A SIMILAR BONUS PLAN WHICH WOULD BE REPORTED AS EARNINGS FROM A RELATED ORGANIZATION. 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). Travis County Health Facilities Development Corp 742251752 89439RAJ3 2005-09-29 110229796 CONSTRUCTION OF CCRC FACILITY false false false 70765000 0 116620402 3210998 9168877 0 2204596 1088090 4306032 94545678 3167185 0 2007 false false true true false true true true false 0.00100 0.00000 0.00100 true false true true Lehman Bros 3.5 false true false 0 true false Additional Proceeds 0 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 0 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. Procedures 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. 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 CARY CLAYBORN 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) 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. 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 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. OTHER CHANGE IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAINS/LOSSES ON INVESTMENTS CARRIED AT MARKET VALUE TOTAL ($28,587) FOR THE CURRENT YEAR. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CHARLES B. BREWER TITLE:PRESIDENT HOURS:47 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:BERNIE FRANCIS TITLE:TREASURER & SECRETARY HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CARY CLAYBORN TITLE:DIRECTOR HOURS:6 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 TANGLEWOOD SENIOR LIVING CENTER 12720 Hillcrest Road STE 106 DALLAS TX 75230 261778214 HEALTH CARE TX SQLC C CORP 0 0 0.00000 SQLC SENIOR LIVING CTR AT ALAMO HEIGHTS 12720 Hillcrest Road STE 106 DALLAS TX 75230 272566984 HEALTH CARE TX SQLC C CORP 0 0 0.00000 false false false false true false false false false false true true true true true true false false NA