2011-11-15T13:12:48-05:00 2010-12-31 LANE GORMAN TRUBITT PLLC 2626 HOWELL STREET SUITE 700 DALLAS TX 752044064 990 2010-01-01 201203479 BARTON CREEK SENIOR LIVING CENTER INC BART 2146236116 8523 THACKERY STREET DALLAS TX 75225 Charles Brewer 2011-11-15 James R Smith 2148717500 2010 2016-03-07 17:11:31Z QUERENCIA AT BARTON CREEK CHARLES B BREWER 8523 THACKERY ST 8211 DALLAS TX 75225 56224695 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. 4 3 304 25 0 0 0 0 15856195 17976245 180576 107266 372493 218199 16409264 18301710 0 0 0 0 6414380 6962748 0 0 0 13001745 13451413 19416125 20414161 -3006861 -2112451 111603211 107689312 125849237 124056694 -14246026 -16367382 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 17940556 0 18194444 A CCRC LIFE CARE COMMUNITY FEATURING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING. 17940556 true 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 97 0 true 304 true false false false false false false false false false false X 4 3 true false false false true true false true true 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 2.0 X X 0 236301 5127 BERNIE FRANCIS 2.0 X X 0 12000 0 CARY CLAYBORN 2.0 X 0 4134 0 LEE COOKE 2.0 X 0 0 0 ROSS DICKMANN 50.0 X 181976 0 11159 LESLIE DOMINGUEZ 40.0 X 112922 0 0 JOHN JUSTIN SPOONER 30.0 X 80601 45580 15048 375499 298015 31334 2 false true false GREYSTONE DEVELOPMENT COMPANY II L 222 WEST LAS COLINAS BLVD STE 210 IRVING TX 75039 DEVELOPMENT SVCS 518243 GREYSTONE MANAGEMENT SERVICES CO 222 WEST LAS COLINAS BLVD SUITE 2 IRVING TX 75039 MANAGEMENT SERVICES 312829 REHAB CARE GROUP INC 7733 Forsyth Blvd Suite 1700 ST LOUIS MO 63105 THERAPY SERVICES 683711 ANDRES CONTRUCTION SERVICES 3710 RAWLINS SUITE 1510 DALLAS TX 75219 CONSTRUCTION SVCS 592453 NH PLUMBING SERVICES 364 LONG CREEK ROAD SUNNYVALE TX 75182 PLUMBING SERVICES 281452 11 0 RESIDENT SERVICES 623000 17976245 17976245 17976245 36765 36765 77988 77988 0 37915498 37922985 -7487 -7487 -7487 0 0 0 MISCELLANEOUS 900099 43947 43947 COMMUNITY AND ADMIN FEE 900099 38500 38500 OTHER PERSONAL SERVICES 812900 36058 36058 99694 99694 218199 18301710 18194444 0 107266 0 0 0 0 0 0 0 0 193136 173822 19314 0 0 0 0 0 5564280 5007852 556428 0 0 0 0 0 744980 670482 74498 0 460352 414317 46035 0 565163 0 565163 0 32416 29174 3242 0 37250 33525 3725 0 0 0 0 0 0 0 15083 13575 1508 0 1156355 1040719 115636 0 139004 125104 13900 0 707819 637037 70782 0 50969 45872 5097 0 0 0 0 0 2492755 2243480 249275 0 25956 23360 2596 0 0 0 0 0 4346 0 4346 0 2436818 2193136 243682 0 0 0 0 0 3339403 3005463 333940 0 81413 73272 8141 0 DINING 1160680 1160680 0 0 BUILDING & GROUND MAINTENANCE 765419 688877 76542 0 NURSING & ASSISTED LIVING 93362 93362 0 0 LONG-TERM DEBT EXPENSE 46059 0 46059 0 DUES AND SUBSCRIPTIONS 31658 28492 3166 269485 238955 30530 0 20414161 17940556 2473605 0 2046892 1444540 5873395 4919779 3349854 3894797 30343 34965 198217 98097 95405027 8683902 87344741 86721125 3019591 3004145 9740178 7571864 111603211 107689312 3230060 2858295 74583902 79291858 47095838 40434577 483829 100000 455608 1371964 125849237 124056694 X -14246026 -16367382 -14246026 -16367382 111603211 107689312 X -2112451 -8905 X false true true X false X 0 2123874 9595509 15856195 17976245 45551823 0 2123874 9595509 15856195 17976245 45551823 45551823 0 1039598 708242 191014 114753 2053607 0 1039598 708242 191014 114753 2053607 12900 46855 318557 372493 218199 969004 12900 3210327 10622308 16419702 18309197 48574434 0.93777 0.91104 0.04228 0.06406 X false true 5000000 5000000 87401953 7563740 79838213 0 0 0 1452685 604544 848141 1550389 515618 1034771 86721125 ACCRUED INTEREST RECEIVABLE 21118 FUNDING INVESTMENT AGREEMENT 1568586 CONTRACT ACQUISITION COSTS 4077015 BOND ISSUANCE COSTS, NET 1805145 RESIDENT DEPOSITS 100000 7571864 0 RESIDENT DEPOSIT LIABILITIES 28000 PAYABLE DUE TO SQLC 560995 CAPITAL LEASE OBLIGATIONS 32969 NOTE PAYABLE - SQLC 750000 1371964 18301710 20414161 -2112451 -8905 -8905 -2121356 18277722 -8905 -8905 18286627 15083 15083 18301710 20399078 20399078 15083 15083 20414161 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 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 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, 2010 and 2009, 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 financial statements 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 2007. false false false false false true true false false CHARLES B BREWER 0 183801 0 52500 0 0 0 0 0 5127 0 241428 0 0 ROSS DICKMANN 159259 0 22717 0 0 0 0 0 11159 0 193135 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 W2S 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 70000000 0 116526608 3196260 9168877 0 2204596 1088090 4306032 94545678 3167185 0 2007 false false false true false true true false true 0.00100 0.00000 0.00100 true false true true LEHMAN BROS 3.5 false true false true 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. 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 W2s 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 ($8,905) 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:6 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CARY CLAYBORN TITLE:DIRECTOR HOURS:7 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JOHN JUSTIN SPOONER TITLE:ASSOCIATE EXECUTIVE DIRECTOR HOURS:20 SENIOR QUALITY LIFESTYLES CORP (SQLC) 8523 THACKERY STREET 8211 DALLAS TX 75225 364502669 HEALTH CARE TX 501(C)(3) 11-II NA BUCKINGHAM SENIOR LIVING COMMUNITY INC 8523 THACKERY STREET 8211 DALLAS TX 75225 300097872 HEALTH CARE TX 501(C)(3) 9 SQLC SQLC SENIOR LIVING CTR AT CORPUS CHRISTI 8523 THACKERY STREET 8211 DALLAS TX 75225 261778912 HEALTH CARE TX 501(C)(3) 9 SQLC NORTHWEST SENIOR HOUSING CORPORATION 8523 THACKERY STREET 8211 DALLAS TX 75225 752771278 HEALTH CARE TX 501(C)(3) 9 SQLC TANGLEWOOD SENIOR LIVING CENTER 8523 THACKERY STREET 8211 DALLAS TX 75225 261778214 HEALTH CARE TX 501(C)(3) 9 SQLC SQLC CHARITABLE FOUNDATION 8523 THACKERY STREET 8211 DALLAS TX 75225 262474373 FOUNDATION TX 501(C)(3) 7 SQLC TARRANT COUNTY SENIOR LIVING CENTER INC 8523 THACKERY STREET 8211 DALLAS TX 75225 208068602 HEALTH CARE TX 501(C)(3) 9 SQLC SQLC SENIOR LIVING CTR AT ALAMO HEIGHTS 8523 THACKERY STREET 8211 DALLAS TX 75225 272566984 HEALTH CARE TX 501(C)(3) 9 SQLC false false false false true false false false false false true true true true true true false false NA STATUS OF RELATED ORGANIZATIONS FORM 990, SCHEDULE R, PART II TANGLEWOOD SENIOR LIVING CENTER (EIN 26-1778214) AND SQLC SENIOR LIVING CENTER AT ALAMO HEIGHTS (27-2566984) ARE IN THE PROCESS OF APPLYING FOR TAX-EXEMPT STATUS. THEY EXPECT TO BE GRANTED EXEMPTION UNDER SECTION 501(C)(3) AS PUBLIC CHARITIES UNDER 509(A)(2).