2011-05-16T07:33:28-05:00 2010-12-31 BGBC PARTNERS LLP 300 N MERIDIAN ST STE 1100 INDIANAPOLIS IN 46204 990 2010-01-01 351494162 WESTMINSTER VILLAGE TERRE HAUTE INC WEST 8122327533 1120 E DAVIS DRIVE TERRE HAUTE IN 478024065 JAKE STEIVANG 8122327533 2011-05-11 1 JEFFREY W BIRK CPA 3176334700 2010 2016-02-24 21:20:13Z JAKE STEIVANG 1120 E DAVIS DRIVE TERRE HAUTE IN 47802 11358102 0 X WWW.WESTMINSTERVILLAGEIN.COM X 1980 IN WESTMINSTER VILLAGE OF TERRE HAUTE, INC. IS AN INDIANA NOT-FOR-PROFIT CORPORATION ESTABLISHED IN 1980 FOR THE PURPOSE OF OWNING AND OPERATING A CONTINUING CARE RETIREMENT COMMUNITY. THE PROJECT INCLUDES 174 INDEPENDENT LIVING APARTMENTS, 20 INDEPENDENT LIVING VILLAS, 38 ASSISTED LIVING APARTMENTS, AND A 78 BED HEALTH CARE CENTER THAT PROVIDES BOTH SKILLED AND INTERMEDIATE CARE. 7 7 279 0 0 0 0 0 11720845 11241161 67867 62823 55064 54118 11843776 11358102 0 0 0 0 5485184 5457147 0 0 0 6653457 6670366 12138641 12127513 -294865 -769411 21612946 21178114 35743045 36464021 -14130099 -15285907 X WESTMINSTER VILLAGE OF TERRE HAUTE, INC. IS AN INDIANA NOT-FOR-PROFIT CORPORATION ESTABLISHED IN 1980 FOR THE PURPOSE OF OWNING AND OPERATING A CONTINUING CARE RETIREMENT COMMUNITY. THE COMPANY INCLUDES 174 INDEPENDENT LIVING APARTMENTS, 20 INDEPENDENT LIVING VILLAS, 38 ASSISTED LIVING APARTMENTS, AND A 78 BED HEALTH CARE CENTER THAT PROVIDES BOTH SKILLED AND INTERMEDIATE CARE. 0 0 10205551 11295100 PROVIDE RENTAL HOUSING, HEALTH CARE, AND RELATED FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED. 10205551 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 58 0 279 1 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 IN X CONNIE CADDELL DIRECTOR OF ACCOUNTING 8122424607 1120 E DAVIS DR TERRE HAUTE IN 47802 PAT FOUTY 0.50 X 3100 0 0 TOM TEMPLETON 0.50 X 3200 0 0 DAVE GOELLER 0.50 X 3100 0 0 JIM LEAR 0.50 X 3000 0 0 BETH TEVLIN 0.50 X 3100 0 0 DAN CALLAHAN 0.50 X 3300 0 0 FRED RUBEY 0.50 X 3200 0 0 JAKE STEIVANG 40.00 X 0 0 0 ELIZABETH M TESSMAN-ROBERTSON 40.00 X 105717 0 9487 127717 0 9487 1 0 0 0 REHABCARE GROUP EAST INC CONTRACT THERAPY DIVISION PO BOX 5 ST LOUIS MO 63150 PAYMENTS FOR MEDICAL AND HEALTH CARE SER 482574 LIFE CARE SERVICES LLC CAPITAL SQUARE DES MOINES IA 50309 PAYMENTS FOR MANAGEMENT SERVICES 387768 PRN PHARMACEUTICAL LP OMNICARE INC PO BOX 715268 COLUMBUS OH 43271 PAYMENTS FOR MEDICAL AND HEALTH CARE SER 123353 3 PATIENT SERVICES 623000 5327689 5327689 APARTMENT LIVING 623000 3507525 3507525 ASSISTED LIVING 623000 1429586 1429586 976361 976361 11241161 62823 62823 54118 54118 54118 11358102 11295279 0 62823 22000 22000 4470464 3973808 496656 592047 529388 62659 372636 335965 36671 569761 15000 554761 56326 56326 32782 32782 66140 58590 7550 332769 332769 430594 389963 40631 573447 498625 74822 33559 27625 5934 1101222 1101222 1399728 1399728 139018 139018 FOOD 719451 719451 THERAPY 563265 563265 MAINTENANCE & REPAIR 200620 189007 11613 DRUGS 135566 135566 BAD DEBT EXPENSE 64335 64335 251783 204013 47770 12127513 10205551 1921962 0 744607 622903 617689 598741 53805 53082 91368 185699 35858032 19991186 16683650 15866846 3421827 3850843 21612946 21178114 1262380 1362695 20592733 20732407 13887932 14368919 35743045 36464021 X -14130099 -15285907 -14130099 -15285907 21612946 21178114 X -769411 -386397 X X 0 1 1 X 0 X 9883486 11313622 11064209 11720845 11241161 55223323 9883486 11313622 11064209 11720845 11241161 55223323 0 0 0 55223323 46383 53240 91698 67867 62823 322011 46383 53240 91698 67867 62823 322011 2582385 61613 165450 55064 54118 2918630 12512254 11428475 11321357 11843776 11358102 58463964 0.94460 0.94220 0.00550 0.00690 X 364636 364636 30890484 16907564 13982920 3435885 2488764 947121 1167027 594858 572169 15866846 DEFERRED FINANCING COSTS 466913 CASH EQUIVALENTS - BOARD RESTRICTED 1866773 COST OF ACQUIRING CONTRACTS 17075 CASH EQUIVALENTS - BOND RESTRICTED 1500082 3850843 REFUNDABLE ADVANCE FEES 8737999 DEFERRED ENDOWMENT INCOME 5386515 SECURITY DEPOSITS PAYABLE 244405 14368919 11358102 12127513 -769411 -386397 -386397 -1155808 11358102 0 11358102 0 11358102 12513910 386397 386397 12127513 0 12127513 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: UNCERTAINTY EXISTS REGARDING TAX POSITIONS TAKEN IN PREVIOUSLY FILED TAX RETURNS STILL SUBJECT TO EXAMINATION AND POSITIONS TO BE TAKEN IN FUTURE RETURNS. THERE WERE NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 2010 AND 2009; AND ACCORDINGLY, THE ORGANIZATION HAS NO ACCRUED INTEREST OR PENALTIES RECORDED. THE TAX YEARS 2007 - 2010 REMAIN OPEN TO EXAMINATION BY THE TAXING JURISDICTIONS TO WHICH THE ORGANIZATION IS SUBJECT. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY THE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF DERIVATIVE INSTRUMENT -386,397. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF DERIVATIVE INSTRUMENT 386,397. FORM 990, PART VI, SECTION A, LINE 3 LIFE CARE SERVICES, LLC HAS BEEN ENGAGED TO MANAGE THE ORGANIZATION'S OPERATIONS OF THE FACILITY SINCE NOVEMBER 1984. THE CURRENT MANAGEMENT AGREEMENT WAS EFFECTIVE JANUARY 1, 2008 AND EXPIRES JANUARY 31, 2013. EITHER PARTY MAY TERMINATE THIS AGREEMENT, WITHOUT CAUSE, AT ANY TIME BY GIVING THE OTHER PARTY AT LEAST SIX MONTHS' PRIOR NOTICE OF ITS DESIRE TO TERMINATE. FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT OF THE BOARD OF DIRECTORS AND THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CONTROLLER REVIEW FORM 990 PRIOR TO FILING. ONCE REVIEWED THE EXECUTIVE DIRECTOR SIGNS THE RETURN; THEN IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN VALUE OF DERIVATIVE INSTRUMENT -386,397. TOTAL TO FORM 990, PART XI, LINE 5: -386,397. CHANGES TO PROCESS OF AUDIT COMMITTEE OVERSIGHT RESPONSIBILITIES: FORM 990, PART XI, LINE 2(C) THE PROCESS OF THE ORGANIZATION'S AUDIT COMMITTEE OVERSIGHT RESPONSIBILITIES HAS NOT CHANGED FROM THE PRIOR YEAR.