2014-08-15T07:39:27-07:00 2013-09-30 RK Taylor & Associates 2890 North Main St Suite 305 Walnut Creek CA 94597 990 2012-10-01 200566413 Las Ventanas Retirement Community LASV 7023602662 c/o 3120 Stoneridge Mall Rd3rd Fl Pleasanton CA 94588 Pamela S Claassen 2014-08-13 true John M Kikuchi P00009948 9259447666 2012 2015-11-30 17:44:51Z David B Ferguson 6120 Stoneridge Mall Rd Pleasanton CA 94588 19243159 false false X www.lasventanasretirement.com X 2004 CA To provide quality residential housing for senior citizens along with personal services, assisted living and nursing services. 8 8 209 0 0 17846828 19240445 2090 2714 0 17848918 19243159 0 0 7084354 7356249 0 0 16116704 19622951 23201058 26979200 -5352140 -7736041 85944689 85061998 106713300 132015371 -20768611 -46953373 To provide quality residential housing for senior citizens along with personal services, assisted living and nursing services. false false 25636201 Nursing and retirement facility with services ranging from individual retirement living to 24-hour skilled nursing care. 25636201 true false false false false false false false false false true false false false true true true true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false false true 23 0 true 209 true false false false false false false false false 0 false false false false false false false false false false X 8 8 false true false false true true true true true false false true true true true true true true false false CA X X Pamela Claassen 9259247117 6120 Stoneridge Mall Rd Pleasanton CA 94588 Ruby Warthan-Vance 2.00 0.00 X 0 0 0 Mike Murphy 2.00 0.00 X 0 0 0 David Sonenstein 2.00 0.00 X 0 0 0 Christopher A Vito 2.00 0.00 X 0 0 0 Randy Ecklund 2.00 0.00 X 0 0 0 Lyndsay White 2.00 0.00 X 0 0 0 David Dahan 2.00 0.00 X 0 0 0 Ann Lynch 2.00 0.00 X 0 0 0 Pamela S Claassen 2.00 40.00 X 0 399356 23678 David B Ferguson 2.00 40.00 X 0 750765 34390 S Louise Rankin 2.00 40.00 X 0 0 0 Dennis Gradillas 40.00 0.00 X 133735 0 21138 133735 1150121 79206 1 false true false Aegis Therapies Inc 1000 Fianna Way Fort Smith AR 72919 Nursing 1175770 1 0 Resident Services 17155116 17155116 Other 374329 374329 Amortization of fees 1711000 1711000 19240445 2714 2714 0 0 0 0 0 0 0 0 19243159 19240445 2714 0 0 0 0 0 0 6172848 5809030 363818 0 427268 400804 26464 756133 708777 47356 482380 482380 48674 6500 42174 83019 47019 36000 0 0 0 942256 708698 233558 601508 595390 6118 38904 26951 11953 0 0 1011215 991668 19547 104599 81940 22659 0 22370 4205 18165 2317836 2317836 0 2823041 2823041 93642 93642 Other 822469 796815 25654 Supplies 1026060 1019048 7012 Nursing ANS 2052255 2052255 Cumulative change, ASU 2011-01 6927763 6927763 224960 224819 141 26979200 25636201 1342999 0 1570788 3454042 3221838 4771483 0 1409736 1428770 0 0 0 22361 52206 161738 189814 92524438 18376965 75944963 74147473 2145907 0 0 0 0 1467358 1018210 85944689 85061998 1011508 2535042 38331516 67041795 67275695 328481 62204634 106713300 132015371 X -20768611 -46953373 -20768611 -46953373 85944689 85061998 -7736041 -18448721 X false true X true false X 0 16670281 16503789 18172365 17846828 19240445 88433708 0 0 0 16670281 16503789 18172365 17846828 19240445 88433708 0 0 88433708 167486 90855 13086 2090 2714 276231 0 167486 90855 13086 2090 2714 276231 0 156317 46169 202486 16994084 16640813 18185451 17848918 19243159 88912425 0.99460 0.99070 0.00310 0.00680 X 8900000 8900000 81415053 16930342 64484711 1360301 793417 566884 849084 653206 195878 74147473 Tenant Deposits 559634 Rebatable Entrance Fees Due 32001000 Future Service Benefit Obligations 18448000 Entrance Fees Subject to Refund 6314000 Entrance Fees Non-Refundable 4882000 62204634 X 19243159 19243159 19243159 20051437 20051437 6927763 6927763 26979200 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Cumulative change, ASU 2012-01 $6927763 Part X Part X : FIN48 Footnote The Corporation assesses uncertain tax positions in accordance with the provisions of the FASB Accounting Standards Codification (ASC) Topic 740-10, Income Taxes. The Corporation recognizes the tax benefit from uncertain tax positions only if it is more than likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Corporation recognizes interest and penalties related to income tax matters in operating expenses. At September 30, 2013 and 2012, there were no such uncertain tax positions.Adoption of ASU 2012-01:The adoption of this required change in accounting principle resulted in the establishment of a liability for advance fees for amounts which were previously presented as deferred revenue and amortized into revenue over the life of the facility. Using this new accounting standard, the rebatable entrance advance fees due can no longer be used to reduce the obligation to provide future services, resulting in the establishment of the future service benefit obligations. A total adjustment of $6,927,763 was reflected as a cumulative change to previously issued audited financial statements in accordance with accounting standards. false true false false false false false false false false Pamela S Claassen 305431 90560 3365 5022 18656 423034 67000 Dennis Gradillas 133735 21138 154873 David B Ferguson 498904 203396 48465 13845 20545 785155 105000 A Public Finance Authority 273866124 74442PAH8 2012-09-10 37493374 Refund issues-11/29/04 (2) false false false A 37493374 1141467 37493374 2007 true false true true A false false false false false false false false A false true true false false false false false A false Supplemental Information Part VI Part II, Line 3 - The total proceeds do not equal the summation of lines 4-12 due to transferred or replacement proceeds in line 4. Obligation to provide future services If the present value of future outflows to provide future services, adjusted for certain noncash items, exceeds the present value of future cash in-flows, a liability is recognized. An evaluation of the future service benefit obligation for residents was performed following the adoption of ASU No. 2012-01. Under the new accounting standard, rebatable entrance fees due can no longer be used to reduce the calculated obligations. As such, a liability of $18,448,000 has been recorded in the accompanying balance sheets at September 30, 2013 and 2012, respectively. Accounting Policies Effective October 1, 2012, the Corporation early-adopted ASU No. 2012-01, HealthCare Entities (Topic 954): Continuing Care Retirement Communities RefundableAdvance Fees (ASU 2012-01) which has resulted in the establishment of a liability for advance fees for amounts which were previously presented as deferred revenue andamortized into revenue over the life of the facility. For tax purposes, the foregoing adoption is not an accounting method change under Treas. Reg. 1.446-1(e)(2)(ii). Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The governing documents and financial statements are available for inspection upon request. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation of the President and CFO of American Baptist Homes of the West (source of "related organization" compensation in Part VII) is reviewed annually for market competitiveness and intermediate sanctions compliance by a compensation committee of the ABHOW board. Compensation of other officers and key employees is reviewed by the CEO with disclosure to the compensation committee of the ABHOW board. The ABHOW board members and CEO are independent with respect to the individuals whose compensation is being reviewed. The ABHOW board and President rely upon wage and salary studies and/or regular review by a compensation consultant to provide comparable salary data for their consideration. Decisions regarding compensation are documented on a contemporaneous basis.The compensation of the Executive Director for Las Ventanas Retirement Community is determined by wage and salary studies conducted annual by ABHOW's Human Resources department and reviewed by ABHOW's SVP Chief Operations Manager and ABHOW's President. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Every year, ABHOW and LVRC Directors and Officers are asked to complete a Conflict of Interest disclosure along with a Statement of Commitment. These documents are aimed at informing ABHOW and its affiliated entities of any conflicts that that should be revealed.Duty to Disclose. In connection with any actual or possible conflict of interest, directors and officers must disclose the existence of the Financial Interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing Board delegated powers considering the proposed transaction or arrangement. Determining Whether a Conflict of Interest Exists. After disclosure of the Financial Interest and all material facts, and after any discussion with the Interested Person, he/she shall leave the Board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board or committee members shall decide if a conflict of interest exists. Procedures for Addressing the Conflict of Interest a. An Interested Person may make a presentation at the governing Board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. b. The chair of the governing Board or committee shall, if appropriate, appoint a disinterested Person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the Board or committee shall determine whether LVRC can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the Board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in LVRC's best interest and for its own benefit and whether it is fair and reasonable to LVRC and shall make its decision as the whether to enter into the transaction or arrangement in conformity with such determination.4. Violations of the Conflicts of Interest Policy a. If the Board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. b. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the Board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is reviewed by the CFO and furnished to the Board of Directors prior to filing. Form 990, Part VI, Line 7b Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders The following transactions require approval by the members:-Merger, consolidation or dissolution of the corporation;-Amendment, repeal, or restatement of the Articles of Incorporation or Bylaws;-Aggregate borrowing for any purpose in excess of $50,000;-Purchase, sale, lease, disposition, hypothecation, exchange, gift, pledge, encumbrance or mortgage of any real property, and of any personal property with a value in excess of $50,000;-Appointment of the independent auditor;Transactions outside the ordinary course of business. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body As the sole member of Las Ventanas Retirement Community, Cornerstone Affiliates exercises its direction and control through the appointment of the Board of Directors. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Cornerstone Affiliates is a California nonprofit public benefit corporation exempt under IRC 501(c)(3) and is the sole member of Las Ventanas Retirement Community. Form 990, Part VI, Line 3 Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company Effective Janaury 1, 2010, American Baptist Homes of the West, a related entity exempt under IRC 501(c)(3), has been providing management services to Las Ventanas Retirement Community. The Terraces Retirement Community 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 860176446 CCRC Future Development CA 501(c)(3) 509(a)(2) Cornerstone Affiliates false Terraces at San Joaquin Gardens 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 260650298 CCRC CA 501(c)(3) 509(a)(2) Cornerstone Affiliates false Pasadena Retirement Community 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 263792336 CCRC Future Development CA 501(c)(3) 509(a)(2) Cornerstone Affiliates false Salishan Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 900504991 Affordable Housing WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Boise Retirement Community 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 203659420 Continuing care retirement community CA 501(c)(3) 509(a)(2) Cornerstone false Good Shepherd Senior Housing 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 262704795 Affordable Housing WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Judson Terrace Lodge 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 770389124 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false American Baptist Estates 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 860176446 Continuing care retirement community AZ 501(c)(3) 509(a)(2) Cornerstone false Cornerstone Affiliates 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 300184304 Parent Organization CA 501(c)(3) 509(a)(3) N/A false San Leandro Senior Housing Inc 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 912158413 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Oak Knolls Haven 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 953497055 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Tahoe Senior Plaza Inc 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 943292737 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Carmel Senior Housing Inc 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 943085296 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Redlands Senior Housing II 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 311539936 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Hillcrest Senior Housing Corp 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 760801395 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Harborview Properties Inc 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 916086253 Affordable Housing WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Redlands Senior Housing 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 942902763 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false American Baptist Homes of Washington 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 911659735 Continuing care retirement community WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Bay Vista Senior Housing Group 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 460777494 Affordable Housing WA 501(c)(3) 509(a)(2) N/A false American Baptist Properties 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 311558961 Property Holding Company CA 501(c)(3) 509(a)(3) American Baptist Homes of the West false American Baptist Homes Fdn of the West 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 237039408 Support of nonprofit residential communities CA 501(c)(3) 509(a)(3) American Baptist Homes of the West false American Baptist Homes of the West 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 941225374 Nonprofit residential communities CA 501(c)(3) 509(a)(2) Cornerstone false Three Rivers Senior Housing LLLP 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 461626490 Affordable Housing WA Carmel Sr Housing false false Three Rivers General Partner LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 461622112 Affordable Housing WA Carmel Sr Housing false false Bay Vista GP LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 462137954 Affordable Housing WA Carmel Sr Housing false false Bay Vista Partners LLLP 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 460788896 Affordable Housing WA Carmel Sr Housing false false Pacific Meadows Senior LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 272218649 Affordable Housing CA Carmel Sr Housing false false Harborview Manor GP LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 453567171 Arrodable Housing WA Carmel Sr Housing false false Carmel Senior Housing LLC 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Affordable Housing CA Carmel Sr Housing false false Harborview Manor LLLP 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 274507581 Aff Housing WA Carmel SH false false Pacific Meadows Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 271254418 Housing CA Carmel SH false false Tahoe Senior Plaza II 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 Housing CA Carmel SH false false Valley Vista Senior Housing 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 Housing CA Carmel SH false false Conrnerstone Affiliates International 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 263257075 Management CA NA C Corp false Seniority Inc 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 943287180 Management CA NA C Corp false false false true false true false false false false false false false true false false false false false false