2012-11-13T10:38:52-06:00 2011-12-31 LANE GORMAN TRUBITT PLLC 2626 HOWELL STREET SUITE 700 DALLAS TX 752044064 990 2011-01-01 731032864 LUTHERAN SENIOR CITIZENS INC % JEROD BUTTRAM LUTH 4056076135 7707 W BRITTON ROAD OKLAHOMA CITY OK 73132 JAMES C ENDICOTT 2012-11-15 true James R Smith 2148717500 2011 2016-02-24 21:20:13Z CONCORDIA LIFECARE COMMUNITY DANIEL EISCHEN 7707 BRITTON ROAD OKLAHOMA CITY OK 73132 8194971 false X WWW.CONCORDIASENIORLIVING.COM X 1959 OK TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR SENIOR CITIZENS, FEATURING PERSONAL SERVICES, INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. 15 15 211 30 0 3430 2685 7210918 7983563 155597 155628 48913 53095 7418858 8194971 5096 2729 0 0 3222888 3344115 0 0 0 5375698 5667555 8603682 9014399 -1184824 -819428 39672823 38898651 47527758 47598829 -7854935 -8700178 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 7970213 8036658 A CONTINUING CARE RETIREMENT COMMUNITY (LIFE CARE COMMUNITY) FEATURING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. 7970213 true false false false false false false false true false true false false true false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true X 32 0 true 211 true false false false false false false false false false false X 15 15 false false true false true true true true false false false false true true true true true true true false X X JEROD BUTTRAM 4057207200 7707 BRITTON ROAD OKLAHOMA CITY OK 73132 X REV FRED MUENCHOW 1.0 X DR JOHN A L CAMPBELL 5.0 X X JOHN LIPPERT 1.0 X X ROBERT H KASTENS 1.0 X X JAMES C ENDICOTT 4.0 X X ROBERT NAMKEN 1.0 X REV HAROLD KAMMAN 1.0 X ELOISE JONES 1.0 X REV RON CHRISTIE 1.0 X JOHN GEMMER 1.0 X MARILYN GROH 1.0 X MARION MAZZO 1.0 X GARY STORK 1.0 X ELIZABETH SEAMAN 1.0 X BYRONA MAULE MEYER 1.0 X HAL HOEFNER 1.0 X REV MARVIN HENSCHEL 1.0 X DAVID SEAMAN 1.0 X DANIEL EISCHEN 40.0 X 110517 0 5221 110517 0 5221 1 false false false GREYSTONE COMMUNITIES INC 222 W LAS COLINAS BLVD IRVING TX 75039 MANAGEMENT SERVICES 171451 REHABCARE GROUP INC 7733 FORSYTH BLVD STE 2300 ST LOUIS MO 63105 THERAPY SERVICES 209392 2 2685 2685 RESIDENT SERVICES 623000 7983563 7983563 7983563 92556 92556 63072 63072 0 0 0 0 0 RENTALS 531110 14595 14595 MEAL REVENUE 722100 18322 18322 MISCELLANEOUS 900099 5354 5354 14824 14824 53095 8194971 8036658 155628 0 2729 2729 0 0 115738 104164 11574 0 2636482 2372834 263648 0 0 342972 308675 34297 248923 224031 24892 185730 185730 4422 3980 442 19057 17151 1906 0 0 8786 7907 879 503016 452714 50302 43236 38912 4324 276775 249098 27677 34214 30793 3421 0 364129 327716 36413 28106 25295 2811 0 435 435 1996269 1796642 199627 0 1294288 1164859 129429 125975 113378 12597 NURSING & ASSISTED LIVING 136264 136264 BUILDING & GROUND MAINTENANCE 73238 65914 7324 DINING 498235 498235 LONG-TERM DEBT 43244 43244 32136 28922 3214 9014399 7970213 1044186 0 199272 774412 4255961 1461420 0 0 640041 655849 0 0 0 0 0 0 10867 11703 77052 78466 31158702 4423725 27472546 26734977 4216282 6757697 0 0 0 0 0 0 2800802 2424127 39672823 38898651 512347 914870 0 0 13704791 13794100 33239755 32859554 51448 20248 0 0 19417 10057 0 0 0 0 47527758 47598829 X -7854935 -8700178 0 0 0 0 -7854935 -8700178 39672823 38898651 X -819428 -25815 X false true true X false X 20713 1127 537 3430 2685 28492 1000538 5186299 6571646 7210918 7983563 27952964 1021251 5187426 6572183 7214348 7986248 27981456 27981456 339758 240149 166036 155597 155628 1057168 339758 240149 166036 155597 155628 1057168 25516 42402 52532 48913 53095 222458 1386525 5469977 6790751 7418858 8194971 29261082 0.95627 0.94772 0.03613 0.04273 X false true 46245 46245 27465757 3198464 24267293 685604 364709 320895 2961096 860552 2100544 26734977 BOND ISSUANCE COSTS, NET 956610 CONTRACT ACQUISITION COST, NET 1354727 ACCRUED INTEREST RECEIVABLE 39287 RESIDENT DEPOSITS 73503 2424127 0 0 8194971 9014399 -819428 -25815 -25815 -845243 8160370 -25815 -25815 8186185 8786 8786 8194971 9005613 9005613 8786 8786 9014399 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 10% 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 advance fee. 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. A 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. Oklahoma County Finance Authority 731186843 67868NBW8 2005-11-29 37888633 CONSTRUCTION OF CCRC false false false 5120000 0 40237780 2523268 3596964 0 757773 0 2153149 32117949 0 0 2007 false false true true false true true true false 0.00200 0.00000 0.00200 true false false false 0 true AIG Matched Funding 2.5 true false 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. MANAGEMENT COMPANY FORM 990, PART VI, SECTION A, LINE 3 Greystone Management is an unrelated business organization engaged by the Board of Directors OF LUTHERAN SENIOR CITIZENS, 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. DOCUMENTATION OF COMMITTEES FORM 990, PART VI, SECTION A, LINE 8(B) THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FINANCIALS EACH MONTH. Although MINUTES ARE NOT TAKEN DURING THESE MEETINGS, the committee does keep a report of the parties present, areas of interest discussed, and parties approving the financials to present to the Board of Directors. THE FULL BOARD REVIEWS THE FINANCIALS QUARTERLY. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 THE Finance Committee OF LUTHERAN SENIOR CITIZENS AND GREYSTONE COMMUNITIES, THE MANAGEMENT COMPANY, REVIEW THE FORM 990 UPON COMPLETION. The finance committee review and approval of the Form 990 is completed prior to filing. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINE 15 GREYSTONE COMMUNITIES, THE MANAGEMENT COMPANY, AND MERIT RESOURCES PROVIDE SALARY COMPARISONS FOR THE EXECUTIVE DIRECTOR. DOCUMENTS AVAILABLE TO PUBLIC FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE POSTED TO NATIONALLY Recognized ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA). TOP MANAGEMENT OFFICIAL FORM 990, PART VII THE EXECUTIVE DIRECTOR OF THE ORGANIZATION IS THE TOP MANAGEMENT OFFICIAL. ACCORDING TO THE FORM INSTRUCTIONS, HE IS DEEMED TO BE AN OFFICER OF THE ORGANIZATION. 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. Merit Resources, Inc. ISSUES ALL W-2S AND ACTS AS AN OUTSOURCED HUMAN RESOURCES AND PAYROLL DEPARTMENT FOR THE ORGANIZATION. 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 AND the Management Company will bring any questionable activity to the attention of the board or AN officer. MEMBERS FORM 990, PART VI, SECTION A, LINES 6 AND 7 The organization's by-laws provide for one class of members. The membership consists of participating church congregations within The Lutheran Church-Missouri Synod and physically located within the boundaries of The Oklahoma District of the The Lutheran Church-Missouri Synod. The Member Churches elect the board of directors and participate in other governance decisions. Each Member Church has one vote. Member Churches do not have any interest in the assets of the corporation. The by-laws may be altered, amended or repealed and new by-laws may be adopted by an affirmative vote of two-thirds (2/3) of the Member Churches voting at any meeting. The Board of Directors may propose any change to the by-laws to be voted on by the Member Churches. OTHER CHANGE IN NET ASSETS FORM 990, PART XI, LINE 5 $25,815 UNREALIZED LOSSES ON INVESTMENTS CARRIED AT MARKET VALUE SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION CHANGED THE CLAUSE IN ITS BY-LAWS REGARDING MEMBER REPRESENTATION TO INCREASE THE REPRESENTATION FROM A MEMBER CHURCH AND CLARIFY THEIR VOTING RIGHTS.