2023-09-22T09:01:54-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2022-01-01 741501375 WESTMINSTER MANOR WEST 5124544711 4100 JACKSON AUSTIN TX 78731 CHARLES BORST EXECUTIVE DIRECTOR 5124544711 2023-09-20 1 CHARLES BORST 999009999 0 RAHIM HABIB P01912003 9723835700 2023-09-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHARLES BORST 4100 JACKSON AUSTIN TX 78731 105250578 0 X WWW.WESTMINSTERMANOR.ORG X 1967 TX THE GOAL OF WESTMINSTER MANOR IS TO RELIEVE THE RETIRED PERSON OF THE RESPONSIBILITY OF HOME MANAGEMENT AND TO PROVIDE ECONOMICAL SUPPORT AND NURSING CARE IN THE COMPANY'S HEALTH FACILITY FOR THE RESIDENTS. 14 14 471 40 0 0 2660581 84426 30380277 33822304 1560384 1771386 776920 544595 35378162 36222711 0 0 0 0 15196270 17123387 0 0 0 15883701 18189001 31079971 35312388 4298191 910323 287234202 297891292 271631341 297934731 15602861 -43439 THE GOAL OF WESTMINSTER MANOR IS TO RELIEVE THE RETIRED PERSON OF THE RESPONSIBILITY OF HOME MANAGEMENT AND TO PROVIDE ECONOMICAL SUPPORT AND NURSING CARE IN THE COMPANY'S HEALTH FACILITY FOR THE RESIDENTS. 0 0 16051059 0 25146084 MANOR APARTMENTS - THE ORGANIZATION PROVIDES APARTMENTS AND ASSISTED LIVING SERVICES TO ITS RESIDENTS. 8768576 0 8057829 MEDICAL CENTER - THE ORGANIZATION MAINTAINS A SKILLED NURSING CARE FACILITY TO MEET THE HEALTH NEEDS OF ITS RESIDENTS. 7564105 0 618391 FOOD SERVICE - THE ORGANIZATION PROVIDES FOOD SERVICES TO MAINTAIN THE HEALTH AND WELL BEING OF ITS RESIDENTS. 32383740 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 109 0 471 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 X SARAH LOYD & MICHELE HOHMANN 5124544711 4100 JACKSON AUSTIN TX 78731 PAUL HILGERS CHAIRMAN 0.50 X X 0 0 0 DAVID REDDING VICE CHAIR 0.50 X X 0 0 0 DIANE WILLIAMS SECRETARY 0.50 X X 0 0 0 JAMES WOODWORTH PAST CHAIR 0.50 X X 0 0 0 EDWIN SHARPE MEMBER 0.50 X 0 0 0 STEVE SCURLOCK MEMBER 0.50 X 0 0 0 CAMILLE MILLER MEMBER 0.50 X 0 0 0 JIM WOODRICK MEMBER 0.50 X 0 0 0 ALEXANDRA ALBRIGHT MEMBER 0.50 X 0 0 0 DIANA DINITTO MEMBER 0.50 X 0 0 0 NICK MOORE MEMBER 0.50 X 0 0 0 RICHARD LUEVANO MEMBER 0.50 X 0 0 0 SHELDON LLOYD MEMBER 0.50 X 0 0 0 DAVID QUINTANILLA MEMBER 0.50 X 0 0 0 CASSIE HALEY COMMUNITY ADMINISTRATOR 40.00 X 0 0 0 CHARLES BORST EXECUTIVE DIRECTOR 40.00 X 0 0 0 SARAH LLOYD ASSOCIATE EXECUTIVE DIRECTOR 40.00 X 184842 0 7440 JORDAN BLEECKER DIRECTOR OF MARKETING AND SALES 40.00 X 178007 0 5846 KIMBERLY OGDEN DIRECTOR OF HUMAN RESOURCES 40.00 X 144687 0 5984 KIMBERLY REES RESIDENCY COUNSEL 40.00 X 133141 0 0 BRIAN GROSSMAN FOOD & BEVERAGE DIRECTOR 40.00 X 119893 0 4950 KATHARINE CODY NURSE PRACTIONER 40.00 X 119619 0 5319 880189 0 29539 12 0 1 0 LIFE CARE SERVICES 400 LOCUST ST 820 DES MOINES IA 50309 MANAGEMENT SERVICES 1305695 SELECT REHABILIATION PO BOX 71985 CHICAGO IL 60694 REHAB THERAPY SERVICES 1180040 JP PAINT AND REMODEL 2644 COTTON GIN RD KYLE TX 78640 REMODEL/BUILDING IMPROVEMENTS 1079730 QYPSYS LLC 5425 BEAUMONT CENTER BLVD SUITE 91 TAMPA FL 33634 KEYLESS ENTRY INSTALLATION 1041897 FREEDOM SOLAR POWER 4801 FREIDRICH LN SUITE 100 AUSTIN TX 78744 SOLAR POWER INSTALLATION 776070 11 84426 84426 NET SERVICE REVENUE 623000 28049771 28049771 ENTRANCE FEE AMORTIZATION 623990 5772533 5772533 33822304 1857491 1857491 68941762 68335210 692657 606552 -692657 -86105 -86105 MEAL REVENUE 812900 339734 339734 OTHER REVENUE 812900 106656 106656 BEAUTY, BARBER, AND GIFT SHOP 623990 78090 78090 20115 20115 544595 36222711 33822304 0 2315981 184842 157893 26949 13475670 11511373 1964297 2463107 1937051 526056 999768 892753 107015 764492 742885 21607 99445 96634 2811 63226 61439 1787 1648017 1644517 3500 514508 499967 14541 59593 57909 1684 364838 354527 10311 1591794 1550900 40894 16235 15776 459 12573 12218 355 2894213 2877054 17159 4341256 4315518 25738 463523 450423 13100 FOOD 2045354 1987547 57807 MAINTENANCE & EQUIPMENT 1138178 1106010 32168 SUPPLIES 1039069 1009702 29367 OTHER EXPENSES 624757 607100 17657 507930 494544 13386 35312388 32383740 2928648 0 1203055 1150972 42160621 35897464 3694914 1827804 110346 106420 461765 527966 142579054 48324559 77275152 94254495 96541640 81197686 65786709 82928485 287234202 297891292 3451545 8558202 32858707 37315491 126184587 123942956 20778013 31695430 88358489 96422652 271631341 297934731 X 15602861 -43439 15602861 -43439 287234202 297891292 X 910323 -16547414 -9209 X X 0 1 X 1 0 X 21190 44255 659840 535581 84426 1345292 28785467 31956283 30606514 30081569 33822304 155252137 437939 437939 28806657 32000538 31266354 30617150 34344669 157035368 0 0 0 157035368 1173591 1341271 1074122 1160390 1857491 6606865 1173591 1341271 1074122 1160390 1857491 6606865 866636 913143 703638 1075618 106656 3665691 30846884 34254952 33044114 32853158 36308816 167307924 0.93860 0.93530 0.03950 0.03670 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MEAL REVENUE - 2018 AMOUNT: $ 517,250. 2019 AMOUNT: $ 462,595. 2020 AMOUNT: $ 426,815. 2021 AMOUNT: $ 450,222. RENTALS/GUEST ROOMS - 2018 AMOUNT: $ 164,035. 2019 AMOUNT: $ 102,856. 2020 AMOUNT: $ 30,500. 2021 AMOUNT: $ 33,966. OTHER INCOME - 2018 AMOUNT: $ 93,333. 2019 AMOUNT: $ 160,116. 2020 AMOUNT: $ 70,904. 2021 AMOUNT: $ 310,978. 2022 AMOUNT: $ 106,656. BEAUTY BARBER AND GIFT SHOP - 2018 AMOUNT: $ 92,018. 2019 AMOUNT: $ 90,321. 2020 AMOUNT: $ 86,466. 2021 AMOUNT: $ 100,360. APARTMENT CUSTOM WORK - 2019 AMOUNT: $ 80,291. 2020 AMOUNT: $ 68,866. 2021 AMOUNT: $ 164,252. LAUNDRY - 2019 AMOUNT: $ 13,813. 2020 AMOUNT: $ 13,172. 2021 AMOUNT: $ 12,704. MAINTENANCE - 2019 AMOUNT: $ 396. 2020 AMOUNT: $ 6,037. 2021 AMOUNT: $ 2,967. HOUSEKEEPING - 2019 AMOUNT: $ 2,755. 2020 AMOUNT: $ 878. 2021 AMOUNT: $ 169. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1195084 1195084 128136249 38134924 90001325 2038101 759027 1279074 11209620 9430608 1779012 94254495 CONSTRUCTION IN PROGRESS 82928485 82928485 ENTRANCE FEE DEPOSITS 5220121 REFUNDABLE ENTRANCE FEES 87230474 REFUNDS IN PROCESS 3972057 96422652 X 19666088 -16547414 -9209 -16556623 36222711 0 36222711 35312388 0 35312388 0 35312388 PART X, LINE 2: WESTMINSTER MANOR'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. WESTMINSTER MANOR IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. WESTMINSTER MANOR IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF ANNUITIES PAYABLE -9,209. X 0 0 0 0 0 0 0 0 0 SARAH LLOYD ASSOCIATE EXECUTIVE DIRECTOR 165517 0 13525 0 5800 0 7440 0 0 0 192282 0 0 0 JORDAN BLEECKER DIRECTOR OF MARKETING AND SALES 130267 0 5212 0 42528 0 5846 0 0 0 183853 0 0 0 KIMBERLY OGDEN DIRECTOR OF HUMAN RESOURCES 133456 0 6502 0 4729 0 5984 0 0 0 150671 0 0 0 A NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 64542UCL6 2016-09-15 70475514 REFINANCING OF THE SERIES 2010 BONDS 0 0 0 B NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 NONEAVAIL 2020-06-18 110875000 PROMISSORY NOTE (WESTMINSTER PROJECT), SERIES 2020A AND SERIES 2020B 0 0 0 C NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 64542UFN9 2021-07-21 64117912 RETIREMENT FACILITY REVENUE BONDS (WESTMINSTER PROJECT), SERIES 2021 0 0 0 A 5700000 70475514 4625540 1018797 64831177 2016 0 1 0 1 B 110875000 240600 1839469 31109258 77685673 2022 0 0 0 1 C 64117912 8350680 1080558 54686674 2023 0 1 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 0 A 1 B 1 C 1 SCHEDULE K, PART II, COLUMN B, LINE 11 THIS AMOUNT REPRESENTS PROCEEDS USED TO ADVANCE REFUND THE 2/23/2010 ISSUANCE. SCHEDULE K, PAGE 1, PART II, COLUMN B, LINE 3 INCLUDED IN THE TOTAL PROCEEDS FIGURE IS AN ORIGINAL ISSUE PREMIUM OF $8,950,514. FORM 990, SCHEDULE K, PART I, LINE B NOTE THE SERIES 2020 BONDS ISSUED IS DRAW DOWN DEBT, THEREFORE THE TOTAL AMOUNT OF DEBT ALLOWED UNDER SERIES 2020 HAS NOT OCCRUED AS OF 12/31/2020. FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION DELEGATES BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 3 ACCORDING TO A SIGNED AGREEMENT ENTERED INTO MARCH 1, 2014, WESTMINSTER MANOR PAYS MANAGEMENT FEES TO AN UNRELATED ORGANIZATION, LIFE CARE SERVICES, A MANAGEMENT COMPANY, TO PROVIDE THE ORGANIZATION WITH DIRECTORS AS WELL AS OTHER SERVICES. THE DIRECTORS ARE COMPENSATED BY THE MANAGEMENT COMPANY, AND WESTMINSTER MANOR REIMBURSES LIFE CARE SERVICES WITH MONTHLY MANAGEMENT FEES FOR THE COMPENSATION PAID AND OTHER SERVICES PROVIDED. CHARLES BORST AND CASSIE HALEY ARE ON-SITE EMPLOYEES/ADMIN MANAGERS OF MANAGEMENT COMPANY, LIFE CARE SERVICES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE GOVERNING BODY BEFORE IT IS FILED. THE FORM 990 IS REVIEWED BY THE ACCOUNTING DIRECTOR AND THE EXECUTIVE DIRECTOR BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION RELIES ON THE INTEGRITY AND HONESTY OF THOSE WHO MUST COMPLY WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15B EXECUTIVE DIRECTOR AND HEALTH CARE ADMINISTRATOR ARE EMPLOYEES OF LIFE CARE SERVICES MANAGEMENT CO. AS PART OF THE CURRENT MANAGEMENT CONTRACT, THE ADMINISTRATOR IS COMPENSATED THROUGH LIFE CARE SERVICES. THIS IS PART OF MANAGEMENT COMPANY CONTRACT. THE LAST CONTRACT RENEWAL WAS DECEMBER 15, 2022. FORM 990, PART VI, SECTION C, LINE 19 WESTMINSTER MANOR DOES NOT MAKE THEIR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. MONTHLY AND OUARTERLY FINANCIAL STATEMENTS ARE POSTED TO THE EMMA WEBSITE. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR IS AN EMPLOYEE OF LIFE CARE SERVICES MANAGEMENT CO. AS PART OF THE CURRENT MANAGEMENT CONTRACT THE DIRECTOR IS COMPENSATED THROUGH LIFE CARE SERVICES. THE LAST CONTRACT RENEWAL WAS IN 2022. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST -9,209. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE WHICH ASSUMES RESPONSIBILITY FOR CHOOSING THE INDEPENDENT AUDITOR AND OVERSIGHT OF THE INDEPENDENT AUDIT. THIS PROCESS IS CONSISTENT WITH PRIOR YEARS. FORM 990, PART VII, SECTION A IN 2022, WESTMINSTER MANOR'S MANAGEMENT COMPANY, LIFE CARE SERVICES, COMPENSATED EXECUTIVE DIRECTOR CHARLES BORST IN THE AMOUNT OF $327,745 AND HEALTH CENTER ADMINISTRATER CASSIE HALEY IN THE AMOUNT OF $172,701. PER IRS GUIDANCE, NO COMPENSATION IS SHOWN ON FORM 990, PART VII FOR CHARLES BORST AND CASSIE HALEY. BULL CREEK PROPERTIES LLC 4100 JACKSON AUSTIN TX 78731 462471512 REAL ESTATE HOLDING TX 0 5870 WESTMINSTER MANOR