2011-11-07T07:15:39-06:00 2010-12-31 LARSONALLEN LLP 101 N TRYON STREET SUITE 1000 CHARLOTTE NC 28246 990 2010-01-01 521368408 NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC NEWP 5408251569 PO BOX 191 CULPEPER VA 22701 KENT M PHILLIPS 5408251569 2011-11-01 1 7049985200 2010 2016-02-24 21:20:13Z THE CHESAPEAKE RANDALL ROBINSON PO BOX 191 CULPEPER VA 22701 20008255 0 X WWW.VBH.ORG X 1969 VA TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY. 18 18 331 200 0 0 402225 269100 18877420 19218376 27656 56354 267615 464425 19574916 20008255 168123 186274 0 0 7056627 7112612 0 0 0 14058287 14455400 21283037 21754286 -1708121 -1746031 59038036 56603666 110508088 109732953 -51470052 -53129287 TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY, SOME OF WHOM CANNOT AFFORD TO PAY THE FULL COST OF THEIR CARE. 0 0 20581745 186274 19218376 WE WERE ABLE TO PROVIDE BOTH RESIDENTIAL AND HEALTH CARE SERVICES TO OUR RESIDENTS, SOME OF WHOM ARE UNABLE TO COVER THE FULL COST OF THEIR CARE. WE PROVIDED $186,274 IN SUBSIDIES PERTAINING TO 14 RESIDENTS IN 2010. 20581745 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 32 0 331 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X X KENT M PHILLIPS CFO 5408251569 PO BOX 191 CULPEPER VA 22701 DR JAMES E BAUCOM 1.00 X 0 0 0 DR HERBERT O BROWNING JR 1.00 X 0 0 0 REV LAWRENCE A DAVIES 1.00 X 0 0 0 REV C NELSON HARRIS 1.00 X 0 0 0 MR C LEE HILBERT 1.00 X 0 0 0 MR LEBRON J HOLDEN 1.00 X 0 0 0 REV CAROL JOHNSTON 1.00 X 0 0 0 MR L RALPH JONES JR 1.00 X 0 0 0 MR MICHAEL E KECK 1.00 X 0 0 0 MR JOHN T KING 1.00 X 0 0 0 MR MAURICE C LAW 1.00 X 0 0 0 MR CARL A LODEN 1.00 X 0 0 0 MR THOMAS W LOVELACE 1.00 X 0 0 0 MR ROBERT L MUSICK JR 1.00 X 0 0 0 MR SAM G OAKEY III 1.00 X 0 0 0 MR THOMAS E STEPHENSON 1.00 X 0 0 0 MR WILLIAM F TRIMBLE JR 1.00 X 0 0 0 MR CHARLES W TYSINGER 1.00 X 0 0 0 DR RANDALL ROBINSON 1.00 X 0 238893 13537 MS MONICA HILLERY 1.00 X 0 91435 7453 MR BENJAMIN R DECKER 1.00 X 0 80352 5959 MR KENT M PHILLIPS 1.00 X 0 58785 3842 MR ROBERT BUSWELL 1.00 X 0 90596 8719 MR MARK T WOODARD 40.00 X 110946 0 9356 110946 560061 48866 1 0 1 0 SYSCO OF HAMPTON ROADS 7000 HARBOR VIEW BLVD SUFFOLK VA 23435 FOOD PURCHASES 735067 OPTIMA HEALTH - LARGE GROUP PO BOX 503534 ST LOUIS MO 63150 EMPLOYEE HEALTH INSURANCE 625131 REHABCARE GROUP INC PO BOX 26543 MILWAUKEE WI 53227 THERAPY SERVICES 522673 DOMINION VIRGINIA POWER PO BOX 26543 RICHMOND VA 23290 ELECTRIC UTILITIES 458168 VIRGINIA NATURAL GAS PO BOX 70840 CHARLOTTE NC 28272 GAS UTILITIES 155859 12 241291 27809 269100 RESIDENTIAL SERVICES 623000 14690439 14690439 HEALTH CARE SERVICES 623000 3813373 3813373 714564 714564 19218376 56354 56354 GAIN ON LTD RETIREMENT 900099 464425 464425 464425 20008255 19218376 0 520779 186274 186274 120302 120302 5944749 5435536 509213 65090 58425 6665 540041 493139 46902 442430 397125 45305 1155 1155 1376453 1375639 814 132465 132465 231049 49926 181123 27833 6241 21592 3290533 3290533 35080 32596 2484 3848956 3848956 4059242 4059242 DIETARY SUPPLIES 912175 912175 PROGRAM SUPPLIES 371080 371080 BAD DEBT EXPENSE 84693 84693 EQUIPMENT EXPENSE 48722 47999 723 DUES AND SUBSCRIPTIONS 18505 5510 12995 17459 11349 6110 21754286 20581745 1172541 0 4000 4000 2843489 3637569 395954 540435 604727 318600 2667388 2183728 80507733 32033781 51260401 48473952 1160431 1344998 101646 100384 59038036 56603666 1014413 1560249 72654932 69597655 36838743 38575049 110508088 109732953 X -52084354 -53788267 33666 33387 580636 625593 -51470052 -53129287 59038036 56603666 X -1746031 86796 X X 0 1 1 X 0 X 507308 1182463 359284 402225 269100 2720380 16337599 15721653 16546305 18877420 19218376 86701353 16844907 16904116 16905589 19279645 19487476 89421733 0 2661156 483266 803497 3947919 2661156 483266 803497 3947919 85473814 383388 481350 137703 27656 56354 1086451 383388 481350 137703 27656 56354 1086451 513021 561107 647949 267615 464425 2454117 17741316 17946573 17691241 19574916 20008255 92962301 0.91940 0.01170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 89373 0.63000 0.37000 0 0 468298 468298 70759826 25958806 44801020 6757604 4575996 2181608 2522005 1498979 1023026 48473952 DUE TO AFFILIATES 13390349 DEFERRED ENTRANCE FEES 25184700 38575049 20008255 21754286 -1746031 41839 44957 86796 -1659235 19864099 41839 -185650 -143811 20007910 345 345 20008255 21568012 0 21568012 186274 186274 21754286 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENTS ARE TO BE USED TOWARDS THE CONTINUATION OF RESIDENT SERVICES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: SHOULD THE TAX-EXEMPT STATUS OF THE ORGANIZATION BE CHALLENGED IN THE FUTURE, THE 2008, 2009, AND 2010 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE ORGANIZATION ADOPTED ACCOUNTING GUIDANCE REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN PV OF PERPETUAL TRUSTS 44,957. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 624. MONTHLY FEE SUBSIDY -186,274. PART XII, LINE 4B - OTHER ADJUSTMENTS: TEMPORARILY RESTRICTED GIFTS, GRANTS AND BEQUESTS 345. PART XIII, LINE 4B - OTHER ADJUSTMENTS: MONTHLY FEE SUBSIDY 186,274. 1 SUBSIDIES OF MONTHLY FEES 14 186274 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION GRANTS ASSISTANCE TOWARDS MONTHLY FEES THROUGH A FINANCIAL AID APPLICATION PROCESS. GRANTS ARE AWARDED IN THE FORM OF A REDUCTION OF RESIDENT MONTHLY FEES. X X 0 0 0 0 0 0 0 0 0 DR RANDALL ROBINSON 0 238893 0 0 0 0 0 4723 0 8814 0 252430 0 0 PENINSULA PORTS AUTHORITY OF VIRGINIA 237002328 707167AA0 2003-01-24 86403985 REFUND OUTSTANDING SERIES 2000 BONDS A 1 0 1 PENINSULA PORTS AUTHORITY OF VIRGINIA 237002328 707167AQ5 2006-05-24 61935617 DEFEASE AND REPLACE PORTION OF OUTSTANDING BONDS 1 0 1 86403985 59062388 1976914 25364683 2004 1 0 1 1 61935617 60724184 1211433 1 1 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 IN 2008, VIRGINIA BAPTIST HOMES, INC. ("VBH") AND ITS AFFILLIATES ENTERED INTO A THREE-YEAR MANAGEMENT AND MARKETING AGREEMENT WITH CRSA MANAGEMENT, LLC, A CCRC MANAGEMENT COMPANY. AS PART OF THIS AGREEMENT, THE ORGANIZATION'S OPERATIONS AND FINANCE FUNCTIONS WERE OVERSEEN AND DIRECTED BY CRSA EMPLOYEES. AS A RESULT OF THE STRENGTHENING OF VBH'S FINANCIAL AND OPERATIONS LEADERSHIP TEAM, THIS AGREEMENT WAS EFFECTIVELY TERMINATED IN LATE 2010. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S FORM 990 IS PREPARED BY THE ORGANIZATION'S EXTERNAL FINANCIAL AUDIT FIRM FROM INFORMATION THE ORGANIZATION FURNISHED, AND REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL EXECUTIVE AND CEO PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND THE VIRGINIA BAPTIST HOMES, INC. COMPLIANCE OFFICER MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY, IN ACCORDANCE WITH THE VBH CORPORATE COMPLIANCE PROGRAM. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES IS SET BY THE BOARD OF TRUSTEES AFTER DELIBERATION, INCLUDING REVIEW OF THE "CHIEF EXECUTIVE OF MULTI-FACILITY ORGANIZATIONS COMPENSATION REPORT" AND OTHER SENIOR LIVING INDUSTRY COMPARABILITY REPORTS. THIS PROCESS WAS MOST RECENTLY CONDUCTED IN 2010. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND ASSOCIATED MATERIALS ARE MADE AVAILABLE AT, OR BY REQUEST TO, EITHER THE BUSINESS' LOCATION OR THE HEADQUARTERS OF VIRGINIA BAPTIST HOMES, INC. THE FORM 990 MAY ALSO BE VIEWED ON CERTAIN THIRD PARTY WEB SITES (E.G., GUIDESTAR). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 41,839. CHANGE IN PV OF PERPETUAL TRUSTS 44,957. TOTAL TO FORM 990, PART XI, LINE 5: 86,796. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CHANGE IN PUBLIC CHARITY STATUS: SCHEDULE A, PART I, LINE 9: IN PRIOR YEARS, THE ORGANIZATION HAS CHECKED LINE 7, "AN ORGANIZATION DESCRIBED WITHIN SECTION 170(B)(1)(A)(VI)," WHICH AGREES WITH THE ORGANIZATION'S PUBLIC CHARITY STATUS AS NOTED ON ITS IRS DETERMINATION LETTER. HOWEVER, THE ORGANIZATION HAS DETERMINED IT IS MORE APPROPRIATELY DESCRIBED WITHIN SECTION 509(A)(2) AND HAS CHECKED LINE 9 INSTEAD. THE ORGANIZATION WILL BE WORKING WITH THE IRS TO BECOME DOCUMENTED AS SUCH. VIRGINIA BAPTIST HOMES INC PO BOX 191 CULPEPER VA 22701 540534405 SENIOR LIVING MANAGEMENT VA 501(C)(3) LINE 11A, I N/A 0 VIRGINIA BAPTIST HOMES FOUNDATION INC PO BOX 191 CULPEPER VA 22701 521373103 FUND RAISING AND DEVELOPMENT VA 501(C)(3) LINE 11D, III-O N/A 0 CULPEPER BAPTIST RETIREMENT COMMUNITY INC PO BOX 191 CULPEPER VA 22701 521368412 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 9 N/A 0 LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC PO BOX 191 CULPEPER VA 22701 521368410 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 9 N/A 0 THE GLEBE INC PO BOX 191 CULPEPER VA 22701 541917966 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 9 N/A 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 VIRGINIA BAPTIST HOMES INC C 241291 INTERCOMPANY INVOICES VIRGINIA BAPTIST HOMES INC O 2221774 INTERCOMPANY INVOICES