2013-08-09T13:03:14-07:00 2012-09-30 RK Taylor & Associates 2890 North Main St Suite 305 Walnut Creek CA 94597 990 2011-10-01 860176446 American Baptist Estates Inc The Terraces of Phoenix AMER 9259247100 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Pamela S Claassen 2013-08-09 true John M Kikuchi 9259447666 2011 2016-02-24 21:20:13Z David B Ferguson 6120 Stoneridge Mall Rd Pleasanton CA 94588 25778952 false false X www.theterracesphoenix.com X 1959 AZ A diverse,caring,vibrant,interfaith community that values each person's uniqueness thru spiritual fulfillment, intellectual enhancement,physical health and social engagement. Our senior adults are encouraged to sustain and enhance their independence at all stages of life. 12 12 277 0 28428 35740 20603576 21327895 203835 240558 0 20835839 21604193 0 0 8689045 8792633 0 0 13145329 14190623 21834374 22983256 -998535 -1379063 74282188 70760622 113425164 110221437 -39142976 -39460815 American Baptist Estates is a CCRC that provides housing and health care for the elderly.Cornerstone is the sole member of American Baptist Estates (ABE) whose sole asset is the continuing care retirement community, The Terraces of Phoenix. American Baptist Homes of the West (ABHOW) manages the community. The outstanding debt of ABE is non-recourse to ABHOW.Additional information on ABE can be obtained from its website at www.theterracesphoenix.com as well as from contacting the Corporate Office at (925) 924-7100. false false 21244429 American Baptist Estates is a CCRC that provides housing and health care for the elderly. 21244429 true true false false false false false false false false true false false false true false true true false false false false false false false false false false false true true true true false false false false false false false false false false false false false true false false false false true 50 0 true 277 true false false false false false false false false false false false 0 false false false false false false false false false false false X 12 12 false true false false true true true true true false false false true true true true true true true false false false AZ X X Pamela Claassen 9259247117 6120 Stoneridge Mall Rd Pleasanton CA 94588 Bill Beamon 2.00 X 0 0 0 Vickie McDermott 2.00 X 0 0 0 Barbara R Berman 2.00 X 0 0 0 David Davies 2.00 X 0 0 0 Bets Manera 2.00 X 0 0 0 Linda Zale 2.00 X 0 0 0 Diane Puike 2.00 X 0 0 0 Joan Broshar 2.00 X 0 0 0 David C Helgeson PhD 2.00 X 0 0 0 Gene Buchli 2.00 X 0 0 0 Jeannette Wright 2.00 X 0 0 0 David Robles 2.00 X 0 0 0 Pamela S Claassen 2.00 X 0 376428 110399 David B Ferguson 2.00 X 0 681987 236338 Tom Dorough 40.00 X 145939 0 5849 145939 1058415 352586 1 false true false Sodexo PO Box 536922 Atlanta GA 30353 Dining Svc 1581234 Forza Construction Inc 25243 Avenue Tibbitts Valencia CA 91355 Construction 238250 Aegis Therapies Inc PB Box 8103 Fort Smith AR 72902 Nursing 1029101 3 25740 10000 35740 Monthly fees 19164400 19164400 Ancillary and other 416299 416299 Amortization of entry fee 1747196 1747196 21327895 205259 205259 0 0 0 4210058 4174759 35299 35299 35299 0 0 0 0 21604193 21327895 240558 0 0 0 0 0 0 6877493 6877493 0 1235407 1235407 679733 679733 1580000 1580000 0 4619 4619 0 0 0 0 969255 969255 137565 137565 0 0 1168718 1168718 105828 105828 0 0 2656420 2656420 0 3239002 3239002 296655 296655 Other -1398 -160225 158827 Service Contracts 867632 867632 Supplies 1569498 1569498 Ancilllary Health Service 1596829 1596829 0 22983256 21244429 1738827 0 4059242 3009319 0 0 746554 890354 0 0 151607 0 31047 32794 177806 168531 79563586 24322259 57439687 55241327 8571089 8765528 0 0 0 3105156 2652769 74282188 70760622 3561372 3001032 43108931 42389221 51380000 50505000 15374861 14326184 113425164 110221437 X -39142976 -39460815 -39142976 -39460815 74282188 70760622 X -1379063 1061224 X X false true true X false false X 34416 34212 47684 28428 35740 180480 15584904 18614808 19392795 20603576 21327895 95523978 0 0 0 15619320 18649020 19440479 20632004 21363635 95704458 0 0 95704458 271364 64584 145894 223163 205259 910264 0 271364 64584 145894 223163 205259 910264 0 0 15890684 18713604 19586373 20855167 21568894 96614722 0.99060 0.98380 0.00940 0.01620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160876 160876 71107316 19063192 52044124 4239979 3315611 924368 4055415 1943456 2111959 55241327 Long term notes payable 12800000 Hedge liability mark to market 1526184 14326184 21604193 22983256 -1379063 12547 1048677 1061224 -317839 22665417 12547 1048677 1061224 21604193 21604193 22983256 22983256 22983256 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 Swap mark to market $1048677 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Swap mark to market $1048677 false true false false false false false false false false Tom Dorough 117148 27854 937 4686 1163 151788 3191 Pamela S Claassen 300923 71607 3898 93071 17328 486827 71607 David B Ferguson 490976 156277 34734 217084 19254 918325 156277 Arizona Health Facilities Authority 860453292 040507JA4 2007-09-26 41000000 Refund prior issue (10/03) false false false Arizona Health Facilities Authority 860453292 040507EH4 2003-10-30 58540625 See Part V true false false 1725000 48819657 34001268 882213 243849 13692328 2005 false true true true 13450000 59061076 4397076 5862451 1170813 1592228 44449960 1588548 2005 true false true true false false false false false true false false false false false true false true true Sovereign Bank 6.2000 false false false false false false true true Wachovia Bank 5.0000 false false false true true 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 upon request. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Every year, organization 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 ABE 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 ABE's best interest and for its own benefit and whether it is fair and reasonable to ABE 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 11 Form 990, Part VI, Line 11: 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:a) Merger, consolidation or dissolution of the corporation;b) Amendment, repeal, or restate of the Articles of Incorporation or Bylaws;c) Aggregate borrowing for any purpose in excess of $50,000;d) 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;d) Appointment of the independent auditor;d) 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 Cornerstone Affiliates, as the sole member of American Baptist Esatate, elects the board of directors of the organization. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Cornerstone Affiliates, a California nonprofit public benefit corporation exempt under IRC section 501(c)(3), is the sole member of American Baptist Estates. Form 990, Part VI, Line 3 Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company American Baptist Homes of the West, a related 501(c)(3) organization, provides management services to American Baptist Estates pursuant to a multiyear management agreement. The Terraces Retirement Community 6120 Stoneridge Mall Road 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 Road 3rd Fl Pleasanton CA 94588 260650298 CCRC CA 501(c)(3) 509(a)(2) Cornerstone Affiliates false Pasadena Retirement Community 6120 Stoneridge Mall Road 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 Road 3rd Fl Pleasanton CA 94588 203659420 Continuing Care Retirement Community CA 501(c)(3) 809(a)(2) Cornerstone Affiliates false American Baptist Estates 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 860176446 Continuing Care Retirement Community AZ 501(c)(3) 509(a)(2) Cornerstone Affiliates false Las Ventanas Retirement Community 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 200566413 Continuing Care Retirement Community NV 501(c)(3) 509(a)(2) Cornerstone Affiliates false Harborview Properties Inc 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 916086253 Affordable Housing WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Good Shepherd Senior Housing 6120 Stoneridge Mall Road 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 Inc 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 770389124 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false San Leandro Senior Housing Inc 6120 Stoneridge Mall Road 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 Road 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 Road 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 Road 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 Road 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 Road 3rd Fl Pleasanton CA 94588 760801395 Affordable Housing CA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Redlands Senior Housing 6120 Stoneridge Mall Road 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 Road 3rd Fl Pleasanton CA 94588 911659735 Continuing Care Retirement Community WA 501(c)(3) 509(a)(2) American Baptist Homes of the West false Baptist Senior Adult Ministries 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 530204679 Support of benevolence needs of residents DC 501(c)(3) PF American Baptist Homes of the West false American Baptist Homes Fdn of the West 6120 Stoneridge Mall Road 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 Road 3rd Fl Pleasanton CA 94588 941225374 Nonprofit retirement communities CA 501(c)(3) 509(a)(2) Cornerstone Affiliates false Cornerstone Affiliates 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 300184304 Parent organization CA 501(c)(3) 509(a)(3) N/A false Harborview Manor LLLP 6120 Stoneridge Mall Rd 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 Road 3rd Fl Pleasanton CA 94588 Housing CA Carmel SH false false Valley Vista Senior Housing 6120 Stoneridge Mall Road 3rd Fl Pleasanton CA 94588 Housing CA Carmel SH false false Seniority Properties 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 263257075 Management CA Cornerstone Affil C Corp 1.00000 Seniority Inc 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 943287180 Management CA ABHOW C Corp 1.00000 false false true false true false false false false false false true false false false false false false