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 540534405 VIRGINIA BAPTIST HOMES INC VIRG 5408251569 PO BOX 191 CULPEPER VA 22701 KENT M PHILIPS 5408251569 2011-11-01 1 7049985200 2010 2016-03-07 17:11:31Z RANDALL ROBINSON PO BOX 191 CULPEPER VA 22701 4882407 0 X WWW.VBH.ORG X 1946 VA OWN AND OPERATE PLANNED SERVICES COMMUNITIES FOR SENIOR ADULTS. 18 18 16 17 0 0 390580 219260 3519189 4837955 366705 328504 66525 -503312 4342999 4882407 0 635402 0 0 1536635 1526103 0 0 144721 2057519 2681758 3594154 4843263 748845 39144 18019251 16107699 11952450 9776723 6066801 6330976 OWN AND OPERATE PLANNED SERVICES COMMUNITIES FOR SENIOR ADULTS, SOME OF WHOM CANNOT AFFORD TO PAY THE FULL COST OF THEIR CARE, WHILE PROVIDING "DIGNITY IN LIVING." 0 0 2123955 635402 4837955 THE ORGANIZATION SUPPORTED THE CHARITABLE PURPOSE OF OUR SUBSIDARIES BY PROVIDING MANAGEMENT, CONDUCTING SHORT AND LONG RANGE PLANNING, DEVELOPING BUDGETS AND PERFORMING OTHER SUPPPORT SERVICES AS NEEDED. 2123955 1 1 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 7 0 16 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 40.00 X 238893 0 13537 MS MONICA HILLERY 40.00 X 91435 0 7453 MRBENJAMIN R DECKER 40.00 X 80352 0 5959 MR KENT M PHILLIPS 40.00 X 58785 0 3842 MR ROBERT BUSWELL 40.00 X 90596 0 8719 MR JOHN P ROBINSON 40.00 X 121048 0 9022 681109 0 48532 2 0 1 0 CRSA MANAGEMENT LLC DEPT 181 PO BOX 1000 MEMPHIS TN 38148 MANAGEMENT SERVICES 1000910 FIREMANS FUND INSURANCE COMPANY DEPT CH 10284 PALANTINE IL 60055 PROPERTY INSURANCE 233570 LARSONALLEN LLP 101 NORTH TRYON STREET CHARLOTTE NC 28246 ACCOUNTING SERVICES 181570 LIBERTY MUTUAL PO BOX 7247-0109 PHILADELPHIA PA 19170 WORKERS' COMP INSURANCE 177538 HUNTON & WILLIAMS PO BOX 405759 ATLANTA GA 30384 LEGAL FEES 163911 10 219260 219260 CORPORATE INCOME 561000 4837955 4837955 4837955 309499 309499 19005 19005 19005 19005 GAIN ON LTD RETIREMENT 900099 46688 46688 CONTRACT TERM FEE 900099 -550000 -550000 -503312 4882407 4837955 0 -174808 635402 635402 681109 681109 637841 603023 34818 58474 47802 10672 70418 32558 37860 78261 31939 46322 891618 891618 181665 181665 313969 211701 102268 635 635 36641 36641 155146 155146 63522 63522 46773 39773 7000 387695 387695 70540 70540 473635 473635 FARM EXPENSES 17296 17296 42623 42623 4843263 2123955 2574587 144721 350 -14304205 -9353054 2809 3313 527465 344743 1718258 1280478 470727 437780 10967318 11263901 15403132 18362671 18019251 16107699 820612 1553192 7253861 6945115 3877977 1278416 11952450 9776723 X 3025602 3120172 1000 1000 3040199 3209804 6066801 6330976 18019251 16107699 X 39144 225031 X X 0 1 1 X 0 X X 0 0 0 CULPEPER BAPTIST RETIREMENT COMMUNITY INC 521368412 9 0 1 1 346237 NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC 521368408 9 0 1 1 241291 LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC 521368410 9 0 1 1 309319 THE GLEBE INC 541917966 9 0 1 1 5262 4 902109 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 305921 1.00000 1 0 329957 329957 197656 189736 7920 621718 553287 68431 568927 537455 31472 437780 INVESTMENTS 11263901 F 11263901 DUE FROM AFFILIATES 17804728 INTEREST RECEIVABLE 24326 OTHER ASSETS 384641 DEFERRED FINANCIG COSTS 148976 18362671 DUE TO AFFILIATES 1278416 1278416 4882407 4843263 39144 55426 169605 225031 264175 4937833 55426 55426 4882407 0 4882407 4843263 0 4843263 0 4843263 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 169,605. 1 CULPEPER BAPTIST RETIREMENT COMMUNITY INC PO BOX 191 CULPEPER VA 22701 521368412 501(C)(3) 134547 ASSISTANCE NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC PO BOX 191 CULPEPER VA 22701 521368408 501(C)(3) 186274 ASSISTANCE LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC PO BOX 191 CULPEPER VA 22701 521368410 501(C)(3) 309319 ASSISTANCE THE GLEBE INC PO BOX 191 CULPEPER VA 22701 541917966 501(C)(3) 5262 ASSISTANCE 4 4 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 1 0 X X 0 0 0 0 0 0 0 0 0 DR RANDALL ROBINSON 238893 0 0 0 0 0 4723 0 8814 0 252430 0 0 0 PENINSULA PORTS AUTHORITY OF VIRGINIA 237002328 707167AA0 2003-01-24 3797414 REFUND OUTSTANDING SERIES 2000 BONDS A 1 0 0 PENINSULA PORTS AUTHORITY OF VIRGINIA 237002328 707167BF8 2006-05-24 11152896 DEFEASE AND REPLACE PORTION OF OUTSTANDING BONDS 1 0 0 3797414 3624064 173350 1 0 1 1 11152896 4765681 6266763 120452 1 1 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 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 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 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: 55,426. CHANGE IN PV OF PERPETUAL TRUSTS 169,605. TOTAL TO FORM 990, PART XI, LINE 5: 225,031. 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. CULPEPER BAPTIST RETIREMENT COMMUNITY INC PO BOX 191 CULPEPER VA 22701 521368412 SENIOR LIVING COMMUNITY VA 501(C)(3) LINE 9 N/A 0 NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC PO BOX 191 CULPEPER VA 22701 521368408 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 VIRGINIA BAPTIST HOMES FOUNDATION INC PO BOX 191 CULPEPER VA 22701 521373103 FUND RAISING AND DEVELOPMENT VA 501(C)(3) LINE 11A, I N/A 0 0 1 1 1 1 0 0 0 0 0 1 1 1 1 1 1 0 0 CULPEPER BAPTIST RETIREMENT COMMUNITY INC B 346237 OFFICER APPROVAL NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC B 241291 OFFICER APPROVAL CULPEPER BAPTIST RETIREMENT COMMUNITY INC P 677592 INTERCOMPANY INVOICES THE GLEBE INC P 221520 INTERCOMPANY INVOICES NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC P 2221774 INTERCOMPANY INVOICES LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC P 2264846 INTERCOMPANY INVOICES LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC M 60000 ESTIMATE VIRGINIA BAPTIST HOMES FOUNDATION INC N 41235 ESTIMATE VIRGINIA BAPTIST HOMES FOUNDATION INC O 102268 INTERCOMPANY INVOICES