BUCKINGHAM SENIOR LIVING COMMUNITY INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: BUCKINGHAM SENIOR LIVING COMMUNITY INC (EIN 30-0097872)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-10-14
IRS object ID: 202122879349301112
Schema version: 2020v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule J
Schedule K
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-10-14T09:30:00-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	751044330	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	LANE GORMAN TRUBITT LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2626 HOWELL ST SUITE 700	AddressLine1Txt
City	DALLAS	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75204	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	300097872	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BUCKINGHAM SENIOR LIVING COMM-TAX	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BUCK	BusinessNameControlTxt
Phone	7139793838	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	8580 WOODWAY DRIVE	AddressLine1Txt
City	HOUSTON	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77063	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHAEL WYSE	PersonNm
Person Title	CHAIR	PersonTitleTxt
Phone	7139793838	PhoneNum
Signature	2021-10-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MICHAEL	PersonFirstNm
Person Last	WYSE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KEVIN WARNEKE	PreparerPersonNm
PTIN	P01294950	PTIN
Phone	2148717500	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	THE BUCKINGHAM	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	MICHAEL WYSE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	8580 WOODWAY DRIVE	AddressLine1Txt
City	HOUSTON	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77063	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$40,770,655	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	HTTP://WWW.BUCKINGHAMHOUSTON.COM/	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2002	FormationYr
Legal Domicile State	TX	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE QUALITY RESIDENTIAL HOUSING FOR SENIOR CITIZENS ALONG WITH PERSONAL SERVICES, ASSISTED LIVING AND NURSING SERVICES.	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	5	VotingMembersIndependentCnt
Total Employee	446	TotalEmployeeCnt
Total Volunteers	8	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$5,554,784	CYContributionsGrantsAmt
PY Program Service Revenue	$28,739,797	PYProgramServiceRevenueAmt
CY Program Service Revenue	$25,293,483	CYProgramServiceRevenueAmt
PY Investment Income	$647,312	PYInvestmentIncomeAmt
CY Investment Income	$235,276	CYInvestmentIncomeAmt
PY Other Revenue	$310,342	PYOtherRevenueAmt
CY Other Revenue	$63,187	CYOtherRevenueAmt
PY Total Revenue	$29,697,451	PYTotalRevenueAmt
CY Total Revenue	$31,146,730	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$300	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$15,034,832	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$14,907,943	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$36,498,216	PYOtherExpensesAmt
CY Other Expenses	$28,199,474	CYOtherExpensesAmt
PY Total Expenses	$51,533,048	PYTotalExpensesAmt
CY Total Expenses	$43,107,717	CYTotalExpensesAmt
PY Revenues Less Expenses	-$21,835,597	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$11,960,987	CYRevenuesLessExpensesAmt
Total Assets BOY	$215,478,071	TotalAssetsBOYAmt
Total Assets EOY	$205,729,400	TotalAssetsEOYAmt
Total Liabilities BOY	$335,651,672	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$337,873,152	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$120,173,601	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$132,143,752	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE QUALITY RESIDENTIAL HOUSING FOR SENIOR CITIZENS ALONG WITH PERSONAL SERVICES, ASSISTED LIVING AND NURSING SERVICES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$37,868,697	ExpenseAmt
Grant	$300	GrantAmt
Revenue	$25,356,670	RevenueAmt
Desc	NURSING AND RETIREMENT FACILITY WITH SERVICES RANGING FROMINDIVIDUAL RETIREMENT LIVING TO 24-HOUR SKILLED NURSINGCARE.	Desc
Total Program Service Expenses	$37,868,697	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	98	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	446	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	5	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	0	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ARCHIE CLINTON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2816615395	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	8580 WOODWAY	AddressLine1Txt
City	HOUSTON	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77063	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
MIKE WYSE
CHAIR	15.00	Yes (X)	Yes (X)	$105,000	$0	$0
ROBERT OGLE
SECRETARY/TREASURER/AUDIT	15.00	Yes (X)	Yes (X)	$105,000	$0	$0
BERRY SPEARS
DIRECTOR	12.00	Yes (X)		$105,000	$0	$0
MICHAEL BUCKLEY
DIRECTOR	12.00	Yes (X)		$105,000	$0	$0
JAN VAN SANT
DIRECTOR	10.00	Yes (X)		$57,500	$0	$0
DEXTER LITTLEFIELD
OFFICER	40.00			$101,507	$0	$8,073	Yes (X)
VICENTE BURLAOS
OFFICER	40.00			$109,376	$0	$7,010	Yes (X)
AUDREY RAMSBACHER
OFFICER	40.00			$113,510	$0	$215	Yes (X)
PHILLIP TAYLOR
OFFICER	40.00			$132,150	$0	$8,992	Yes (X)
PHILIP JACOB
OFFICER	40.00			$162,178	$0	$8,658	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,096,221	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$32,948	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	9	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
GREYSTONE MANAGEMENT SERVICES COMPANY
225 E JOHN CARPENTER FRWY	IRVING	TX	75062	MANAGEMENT SERVICES	$1,949,512
SYSCO FOOD SERVICES OF HOUSTON
10710 GREENS CROSSING BLVD	HOUSTON	TX	77038	FOOD SERVICES	$1,327,299
GLYNNDEVINS MARKETING & ADVERTISING
8880 WARD PARKWAY STE 400	KANSAS CITY	MO	64114	MARKETING SERVICES	$1,218,405
GARDAWORLD
PO BOX 843886	KANSAS CITY	MO	64184	SECURITY SERVICES	$957,520
THOMPSON & KNIGHT LLP
PO BOX 660684	DALLAS	TX	75266	LEGAL SERVICES	$811,104

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	18	CntrctRcvdGreaterThan100KCnt
Government Grants	$5,554,784	GovernmentGrantsAmt
Total Contributions	$5,554,784	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	RESIDENT SERVICES	Desc
Business	623000	BusinessCd
Total Revenue Column	$25,293,483	TotalRevenueColumnAmt
Related Or Exempt Func Income	$25,293,483	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$25,293,483	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$11,998	TotalRevenueColumnAmt
Exclusion	$11,998	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$143,285	TotalRevenueColumnAmt
Exclusion	$143,285	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$9,703,918	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$9,623,925	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$79,993	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$79,993	TotalRevenueColumnAmt
Exclusion	$79,993	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEAL REVENUE	531110	$37,534	$37,534
COMMUNITY AND ADMIN FEES	900099	$8,302	$8,302
ACCOMODATION	721000	$6,968	$6,968

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$10,383	TotalRevenueColumnAmt
Related Or Exempt Func Income	$10,383	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$63,187	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$31,146,730	TotalRevenueColumnAmt
Related Or Exempt Func Income	$25,356,670	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$235,276	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$300	TotalAmt
Program Services	$300	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$477,500	TotalAmt
Program Services	$429,750	ProgramServicesAmt
Management And General	$47,750	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$11,572,864	TotalAmt
Program Services	$10,417,328	ProgramServicesAmt
Management And General	$1,155,536	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,844,707	TotalAmt
Program Services	$1,660,236	ProgramServicesAmt
Management And General	$184,471	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,012,872	TotalAmt
Program Services	$911,585	ProgramServicesAmt
Management And General	$101,287	ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$1,497,041	TotalAmt
Management And General	$1,497,041	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$144,588	TotalAmt
Management And General	$144,588	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$47,942	TotalAmt
Management And General	$47,942	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$22,281	TotalAmt
Management And General	$22,281	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,797,050	TotalAmt
Program Services	$1,617,345	ProgramServicesAmt
Management And General	$179,705	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,251,418	TotalAmt
Program Services	$1,245,443	ProgramServicesAmt
Management And General	$5,975	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$345,719	TotalAmt
Program Services	$311,147	ProgramServicesAmt
Management And General	$34,572	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$373,713	TotalAmt
Program Services	$336,342	ProgramServicesAmt
Management And General	$37,371	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,456,738	TotalAmt
Program Services	$1,311,064	ProgramServicesAmt
Management And General	$145,674	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$67,226	TotalAmt
Program Services	$60,503	ProgramServicesAmt
Management And General	$6,723	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$7,955,393	TotalAmt
Program Services	$7,955,393	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$7,091,486	TotalAmt
Program Services	$7,091,486	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$712,227	TotalAmt
Program Services	$712,227	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
DINING	$1,944,005	$1,944,005
UNUSUAL EVENT - COVID 1	$1,543,659		$1,543,659
REPAIRS & MAINTENANCE	$974,767	$974,767
NURSING AND ASSISTED LI	$632,344	$632,344

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$341,877	TotalAmt
Program Services	$257,432	ProgramServicesAmt
Management And General	$84,445	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$43,107,717	TotalAmt
Program Services	$37,868,697	ProgramServicesAmt
Management And General	$5,239,020	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$5,259,928	BOYAmt
EOY	$4,656,232	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$4,648,099	BOYAmt
EOY	$2,084,743	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$105,698	BOYAmt
EOY	$119,646	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$592,122	BOYAmt
EOY	$761,279	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$239,884,337	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$54,784,649	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$190,724,358	BOYAmt
EOY	$185,099,688	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$12,298,580	BOYAmt
EOY	$11,219,828	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,849,286	BOYAmt
EOY	$1,787,984	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$215,478,071	BOYAmt
EOY	$205,729,400	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$15,544,744	BOYAmt
EOY	$18,990,112	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$8,602,130	BOYAmt
EOY	$8,003,261	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$138,317,492	BOYAmt
EOY	$138,553,713	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$173,187,306	BOYAmt
EOY	$172,326,066	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$335,651,672	BOYAmt
EOY	$337,873,152	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	-$120,173,601	BOYAmt
EOY	-$132,143,752	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$120,173,601	BOYAmt
EOY	-$132,143,752	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$215,478,071	BOYAmt
EOY	$205,729,400	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$11,960,987	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$9,164	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	0	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,000	CurrentTaxYearMinus4YearsAmt
Current Tax Year	$5,554,784	CurrentTaxYearAmt
Total	$5,555,784	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$22,537,553	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$21,479,265	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$27,405,788	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$28,739,797	CurrentTaxYearMinus1YearAmt
Current Tax Year	$25,293,483	CurrentTaxYearAmt
Total	$125,455,886	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$22,538,553	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$21,479,265	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$27,405,788	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$28,739,797	CurrentTaxYearMinus1YearAmt
Current Tax Year	$30,848,267	CurrentTaxYearAmt
Total	$131,011,670	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$131,011,670	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$649,799	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$502,273	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$858,133	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$281,511	CurrentTaxYearMinus1YearAmt
Current Tax Year	$235,276	CurrentTaxYearAmt
Total	$2,526,992	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$649,799	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$502,273	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$858,133	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$281,511	CurrentTaxYearMinus1YearAmt
Current Tax Year	$235,276	CurrentTaxYearAmt
Total	$2,526,992	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$257,335	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$194,700	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$206,137	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$310,342	CurrentTaxYearMinus1YearAmt
Current Tax Year	$63,187	CurrentTaxYearAmt
Total	$1,031,701	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$23,445,687	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$22,176,238	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,470,058	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$29,331,650	CurrentTaxYearMinus1YearAmt
Current Tax Year	$31,146,730	CurrentTaxYearAmt
Total	$134,570,363	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.97360	PublicSupportCY509Pct
Public Support PY509	0.96920	PublicSupportPY509Pct
Investment Income CY	0.01880	InvestmentIncomeCYPct
Investment Income PY	0.02140	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	ADMINISTRATIVE FEES - 2016 AMOUNT: $ 18,000. 2017 AMOUNT: $ 14,766. 2018 AMOUNT: $ 21,292. 2019 AMOUNT: $ 50,614. 2020 AMOUNT: $ 8,302. GUEST RENTAL FEES - 2016 AMOUNT: $ 34,929. 2017 AMOUNT: $ 52,788. 2018 AMOUNT: $ 49,201. 2019 AMOUNT: $ 36,068. 2020 AMOUNT: $ 6,968. MISCELLANEOUS FEES - 2016 AMOUNT: $ 23,522. 2017 AMOUNT: $ 14,250. 2018 AMOUNT: $ 8,727. 2019 AMOUNT: $ 19,613. 2020 AMOUNT: $ 300. BEAUTY/BARBER SHOP FEES - 2016 AMOUNT: $ 21,000. 2017 AMOUNT: $ 5,877. 2018 AMOUNT: $ 3,335. 2019 AMOUNT: $ 77,448. 2020 AMOUNT: $ 3,045. OFFICE SPACE FEES - 2016 AMOUNT: $ 5,200. 2017 AMOUNT: $ 12,444. 2018 AMOUNT: $ 11,576. 2019 AMOUNT: $ 10,124. 2020 AMOUNT: $ 1,080. PARKING FEES - 2016 AMOUNT: $ 5,616. 2017 AMOUNT: $ 4,644. 2018 AMOUNT: $ 2,881. 2019 AMOUNT: $ 2,124. 2020 AMOUNT: $ 1,548. GUEST MEALS FEES - 2016 AMOUNT: $ 83,402. 2017 AMOUNT: $ 80,235. 2018 AMOUNT: $ 96,467. 2019 AMOUNT: $ 99,613. 2020 AMOUNT: $ 37,534. DRY CLEANING - 2016 AMOUNT: $ 1,586. 2017 AMOUNT: $ 1,760. 2018 AMOUNT: $ 2,824. 2019 AMOUNT: $ 2,651. 2020 AMOUNT: $ 2,090. MAINTENANCE SERVICES - 2016 AMOUNT: $ 2,160. 2017 AMOUNT: $ 1,936. 2018 AMOUNT: $ 1,184. 2019 AMOUNT: $ 4,637. 2020 AMOUNT: $ 1,020. STORAGE FEES - 2016 AMOUNT: $ 228. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. THERAPY SERVICES - 2016 AMOUNT: $ 61,692. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. PERSONAL FITNESS TRAINER - 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 6,000. 2018 AMOUNT: $ 8,650. 2019 AMOUNT: $ 7,450. 2020 AMOUNT: $ 1,300.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$23,810,594	OtherCostOrOtherBasisAmt
Book Value	$23,810,594	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$215,231,745	OtherCostOrOtherBasisAmt
Depreciation	$54,784,649	DepreciationAmt
Book Value	$160,447,096	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$841,998	OtherCostOrOtherBasisAmt
Book Value	$841,998	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$185,099,688	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
REFUNDABLE ENTRANCE FEE LIABILITY	$154,427,368
RESIDENT DEPOSIT LIABILITIES	$335,699
PAYABLE DUE TO SQLC	$7,622
FUTURE SERVICE OBLIGATION	$14,878,000
PPP LOAN	$2,677,377

Field	Value	IRS element (for citing)
Total Liability	$172,326,066	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$31,115,285	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$9,164	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$9,164	RevenueNotReportedAmt
Revenue Subtotal	$31,124,449	RevenueSubtotalAmt
Investment Expenses Not Incld	$22,281	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$22,281	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$31,146,730	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$43,085,436	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$43,085,436	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$22,281	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$22,281	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$43,107,717	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART IV, LINE 2B:	FormAndLineReferenceDesc
Explanation	ESCROW AND CUSTODIAL ARRANGEMENTS THE ORGANIZATION REQUIRES FUTURE RESIDENTS WISHING TO RESERVE SPACE AT THE COMMUNITY TO PAY A DEPOSIT OF THE ADVANCE FEE WHICH WILL BE REQUIRED UPON RESIDENCY. THE AMOUNT OF THE REQUIRED DEPOSIT DEPENDS ON THE CONSTRUCTION PHASE OF THE COMMUNITY. THE AMOUNT OF DEPOSIT REQUIRED FOR PHASE I IS $20,000 OF THE ADVANCE FEE. THE AMOUNT OF DEPOSIT REQUIRED FOR PHASE II IS 10% OF THE ADVANCE FEE. 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 UNIT.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	PHILIP JACOB	PersonNm
Title	OFFICER	TitleTxt
Base Compensation Filing Org	$162,178	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$8,658	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$170,836	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
TARRANT CTY CULTURAL EDUC FACILITIES FIN CORP
A	043833551	87638RCH8	2007-08-09	$71,351,739	REFUND 2004 BOND ISSUE	0	0	0
TARRANT CTY CULTURAL EDUC FACILITIES FIN CORP
B	043833551	87638REB9	2014-10-02	$18,575,000	COMMUNITY EXPANSION - LAND PURCHASE	0	0	0
TARRANT CTY CULTURAL EDUC FACILITIES FIN CORP
C	043833551	87638REZ6	2015-08-05	$109,464,270	COMMUNITY EXPANSION AND IMPROVEMENTS	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Refunding EscrowRefundingEscrowAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Other Spent ProceedsOtherSpentProceedsAmt	Substantial CompletionSubstantialCompletionYr	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Capital ExpendituresCapitalExpendituresAmt	Capitalized InterestCapitalizedInterestAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	UnspentUnspentAmt
A	$98,690,946	$5,142,427	$49,846,578	$1,420,979	$39,361,935	2007	Yes (1)	Yes (1)	Yes (1)
B	$18,604,432	$1,074,276		$371,500		2014	0	Yes (1)	Yes (1)	$17,158,656
C	$111,110,406	$5,806,017		$2,105,164		2020	0	0	Yes (1)	$94,793,028	$10,461,964	$40,688	$31,561

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd
A	0	0	0
B	Yes (1)	Yes (1)	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)	Yes (1)	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Rebate Not Due YetRebateNotDueYetInd	No Rebate DueNoRebateDueInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	Yes (1)	0
B	Yes (1)	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	0
B	0
C	0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE K, PART II, LINE 3	ADDITIONAL PROCEEDS 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.
SCHEDULE K, PART V	PROCEDURES TO UNDERTAKE CORRECTIVE ACTION BUCKINGHAM SENIOR LIVING COMMUNITY, INC. (THE "CORPORATION") WILL CONSIDER ADOPTING SPECIFIC WRITTEN PROCEDURES TO ENSURE TIMELY CORRECTION OF POTENTIAL VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO ITS BOND ISSUE THROUGH THE USE OF THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. HOWEVER, THE CORPORATION HAS COVENANTED IN ITS MASTER TRUST INDENTURE AND OTHER DOCUMENTS RELATED TO ITS BOND ISSUE TO COMPLY WITH ALL APPLICABLE FEDERAL TAX REQUIREMENTS RELATED TO ITS BOND ISSUE AND THE CORPORATION MAY NOT TAKE CERTAIN ACTIONS, SUCH AS A DISPOSITION OF THE PROJECT OR DEFEASANCE OR REFUNDING OF THE BOND ISSUE, WITHOUT FIRST OBTAINING AN OPINION OF BOND COUNSEL THAT SUCH ACTIONS WILL NOT CAUSE THE BOND ISSUE TO FAIL TO MEET THE FEDERAL TAX REQUIREMENTS APPLICABLE TO THE BOND ISSUE. ADDITIONALLY, THE CORPORATION HAS COVENANTED TO MAINTAIN ALL REQUIRED RECORDS RELATED TO ITS BOND ISSUE FOR FEDERAL TAX COMPLIANCE AND ENGAGES AN EXPERT TO COMPUTE THE CORPORATION'S POTENTIAL REBATE LIABILITY UNDER APPLICABLE ARBITRAGE REBATE REGULATIONS EACH YEAR TO ENSURE TIMELY COMPLIANCE WITH THESE REQUIREMENTS.
SCHEDULE K, PART IV, LINE 2C	ARBITRAGE REBATE BASED ON REBATE COMPUTATIONS DATED 7/31/2017 AND 8/31/2017, NO REBATE LIABILITY EXISTS AND REPORTING TO THE IRS IS NOT REQUIRED AT THIS TIME.
SCHEDULE K, PART III, LINE 9 AND PART IV, LINE 7, COLUMN A	WRITTEN MONITORING PROCEDURES THE ORGANIZATION HAS REPRESENTED THAT IT WILL, AND COVENANTED TO, COMPLY WITH ALL TAX REQUIREMENTS IMPOSED BY THE CODE TO SATISFY SECTIONS 141 AND 145 THROUGH 150 OF THE CODE IN THE TAX CERTIFICATE AND LOAN AGREEMENT RELATED TO THE TAX-EXEMPT BOND ISSUE. OTHER THAN THESE REPRESENTATIONS AND COVENANTS, THE ORGANIZATION HAS NOT ADOPTED POST-ISSUANCE MONITORING PROCEDURES. THE ORGANIZATION REALIZES THAT POST-ISSUANCE MONITORING PROCEDURES ARE AN IMPORTANT TOOL IN THE MANAGEMENT OF ISSUES ARISING AFTER TAX-EXEMPT BONDS ARE ISSUED. WHILE THE ORGANIZATION DOES NOT CURRENTLY HAVE DETAILED WRITTEN PROCEDURES, IT HOWEVER HAS CONSULTANTS, WITH WHOM IT CONSULTS FROM TIME TO TIME ON AN AD HOC BASIS, INCLUDING BOND COUNSEL, TO ENSURE ONGOING COMPLIANCE WITH TAX AND SECURITIES LAWS. IN ADDITION, THE ORGANIZATION IS CONSIDERING ESTABLISHING ADDITIONAL POST-ISSUANCE MONITORING PROCEDURES TO ENSURE CONTINUED COMPLIANCE WITH SECTIONS 141 AND 145 THROUGH 150 OF THE CODE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 1, SECTION G:	GROSS RECEIPTS PER THE IRS FORM INSTRUCTIONS, THE AMOUNT REPORTED IN BOX G FOR GROSS RECEIPTS INCLUDES SALES PROCEEDS OF SECURITIES OF $9,623,925.
FORM 990	BENEVOLENT CARE THE ORGANIZATION PROVIDES CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS BENEVOLENT CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. BECAUSE THE ORGANIZATION DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS BENEVOLENT CARE, THEY ARE NOT REPORTED AS REVENUE. SUCH RESIDENTS ARE IDENTIFIED BASED ON FINANCIAL INFORMATION OBTAINED FROM THE RESIDENT AND SUBSEQUENT ANALYSES.
FORM 990, PAGE 5, LINE 2A	EMPLOYEES REPORTED THROUGH OUTSOURCED PROFESSIONAL EMPLOYER ORGANIZATION THE ORGANIZATION DID NOT ISSUE FORM W-2S 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, OASIS PAYCHEX HR, INC., WHICH IS THE EMPLOYER OF RECORD, ISSUES ALL W-2S AND ACTS AS AN OUTSOURCED HUMAN RESOURCES PAYROLL DEPARTMENT FOR THE ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 3	MANAGEMENT COMPANY GREYSTONE MANAGEMENT SERVICES COMPANY, LLC, AN UNRELATED ENTITY, WAS ENGAGED BY BUCKINGHAM SENIOR LIVING COMMUNITY, 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 HAS FINAL AUTHORITY OVER THE APPROVAL OF THE ANNUAL OPERATING BUDGET, APPROVAL OF MONTHLY AND ANNUAL FINANCIAL REPORTING DISCLOSURES, AND OVERSIGHT OF THE MANAGEMENT COMPANY.
FORM 990, PART VI, SECTION A, LINE 8B	DOCUMENTATION OF COMMITTEES LINE 8B IS ANSWERED NO BECAUSE THERE ARE NO COMMITTEES IN PLACE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AT THIS TIME.
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 REVIEW PROCESS THE BOARD MEMBERS OF BUCKINGHAM SENIOR LIVING COMMUNITY, INC. RECEIVE A COPY OF THE FORM 990 UPON COMPLETION, AND PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST POLICY ENFORCEMENT AND MONITORING 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.
FORM 990, PART VI, SECTION C, LINE 19	DOCUMENTS AVAILABLE TO PUBLIC THE FINANCIAL STATEMENTS ARE POSTED TO NATIONALLY RECOGNIZED ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA) AND ALSO MADE AVAILABLE IN THE LIBRARY OF THE COMMUNITY FOR VIEWING BY RESIDENTS OR AVAILABLE UPON REQUEST BY PROSPECTIVE RESIDENTS. THE 990 IS ALSO MADE AVAILABLE IN THE LIBRARY OF THE COMMUNITY AND ALSO BY REQUEST. ANY ADDITIONAL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.