2013-09-19T12:58:41-05:00 2012-12-31 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2012-01-01 521874053 OAK CREST VILLAGE INC OAKC 4106651000 8800 WALTHER BOULEVARD PARKVILLE MD 21234 EILEEN ERSTAD 4106651000 2013-08-19 1 JULIA FLANNERY P00928918 4102469300 2012 2016-02-24 21:20:13Z JAMES ANDERS 8800 WALTHER BOULEVARD PARKVILLE MD 21234 85447014 0 X WWW.NATIONALSENIORCAMPUSES.ORG X 1994 MD PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. ALSO, SEE SCHEDULE O. 10 10 1468 870 0 0 2241695 1102126 78982895 83356175 65024 417571 539738 536272 81829352 85412144 230893 139203 0 0 38514064 40158521 95693 96060 210311 39856906 41665378 78697556 82059162 3131796 3352982 341013570 342508655 332763469 323706369 8250101 18802286 X THE BOARD OF DIRECTORS OF NATIONAL SENIOR CAMPUSES, INC. AND ITS SUPPORTED COMMUNITIES ARE COMMITTED TO CREATING COMMUNITIES THAT CELEBRATE LIFE. SEE SCHEDULE O FOR THE COMPLETE MISSION STATEMENT. 0 0 78985208 139203 83356175 OAK CREST VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, ALL OF WHOM RESIDE IN 1,473 INDEPENDENT LIVING UNITS, 135 ASSISTED LIVING UNITS, AND 174 SKILLED NURSING BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO, HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. 78985208 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 122 0 1 1468 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X BRUCE SIXX 4104022375 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 JIM ANDERS 1.00 8.00 X X 9625 48500 0 MAURICE BELLAN 0.50 1.50 X X 5625 16875 0 KI KENT 11.00 2.00 X X 7500 3750 0 EILEEN ERSTAD 3.00 15.00 X X 5625 20625 0 LARRY SHUBNELL 1.00 11.00 X 5625 41250 0 JOANNE RORAPAUGH 3.00 10.00 X 5875 29750 0 CARROLL YINGLING 1.00 4.00 X 5625 16875 0 JACKSON BAIN 0.50 4.50 X 5625 20625 0 BETTY PRICE 1.00 3.00 X 5625 16875 0 JERRY SEALS 0.40 1.20 X 5625 16875 0 COLLEEN LOPRESTO 40.00 0.00 X 215765 0 7120 REMI ACKERMAN 40.00 0.00 X 108200 0 1448 JOHN HALL 0.50 7.00 X 0 0 0 CLARA PARKER 0.50 7.00 X 0 0 0 JAMES WALTER 0.50 7.00 X 0 0 0 CHRIS RATHMANN 0.50 7.00 X 0 0 0 MARY HOWARD 40.00 0.00 X 125349 0 16193 MARK ROUSSEY 40.00 0.00 X 125437 0 81 MATTHEW ROSEWAG 40.00 0.00 X 113829 0 15469 JOYCE MALONE 40.00 0.00 X 119768 0 7211 LOUIS MARANTO 40.00 0.00 X 127252 0 19171 997975 232000 66693 14 0 1 0 ERICKSON LIVING MANAGEMENT LLC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 MANAGEMENT 2836812 BUSINESS FLOORING INC 9105 WHISKEY BOTTOM ROAD E LAUREL MD 20723 FLOORING 433459 WILKES ARTIS CHARTERED 1825 I STREET NW STE 300 WASHINGTON DC 60677 LEGAL 245108 COMCAST CABLE 8029 CORPORATE DRIVE WHITE MARSH MD 21236 CABLE 240722 BRICKMAN GROUP LTD LLC 3630 SOLUTIONS CENTER CHICAGO IL 60677 LANDSCAPING 178176 7 95000 1007126 1102126 RESIDENT FEES 623990 64724230 64724230 ANCILLARY FEES 623990 9909625 9909625 RESIDENT DEPOSITS 623990 8576244 8576244 CONTRACT REVENUE 623990 138836 138836 PROCESSING FEES 623990 5398 5398 1842 1842 83356175 421266 421266 533614 0 533614 533614 533614 3695 -3695 -3695 -3695 24530 95000 27030 -2500 -2500 9303 4145 5158 5158 85412144 83356175 0 953843 5950 5950 133253 133253 394908 394908 32637349 31490995 1070459 75895 442251 420976 18766 2509 4176416 3868723 297036 10657 2507597 2383822 110824 12951 2836812 2836812 18708 9733 8975 70504 70504 96060 96060 24814 24814 5439894 4747591 692178 125 2007913 2007913 7471404 7361840 100816 8748 3999175 3999175 78241 62816 14111 1314 3339145 3339145 13350407 13350407 646422 646422 EQUIPMENT RENTAL 1315649 1317491 -1842 ADMINISTRATIVE AND MISC 590814 479971 110759 84 RESIDENT RELATIONS 307431 258810 46653 1968 LOSS ON EXTINGUISHMENT 127575 127575 40470 40470 82059162 78985208 2863643 210311 8410 8410 35819165 41215125 3655342 4778499 13104665 7578995 215069 231201 1432382 1303922 363686273 136820520 233126598 226865753 52512622 59555478 1139317 971272 341013570 342508655 6737616 6776589 68330495 68279159 9170000 0 248525358 248650621 332763469 323706369 X 5795815 16001601 2454286 2800685 8250101 18802286 341013570 342508655 X 3352982 156347 7042856 X 0 1 X 1 0 X 686077 735457 1011660 2241695 1102126 5777015 2695119 74832682 75713112 78982895 83390008 315613816 3381196 75568139 76724772 81224590 84492134 321390831 100000 100000 100000 300000 0 100000 100000 100000 300000 321090831 2831491 1891866 500787 600866 954880 6779890 2831491 1891866 500787 600866 954880 6779890 4081 6996 11077 6212687 77464086 77232555 81825456 85447014 328181798 0.97840 0.97310 0.02070 0.02690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11755063 11755063 336261965 124270292 211991673 13919955 11038255 2881700 1749290 1511973 237317 226865753 BENEFICIAL INTEREST IN NATIONAL CCRC BUSINESS TRUST I 59555478 F 59555478 ADVANCE DEPOSITS 1464100 RESIDENT DEPOSITS (NET) 237464620 FUNDS HELD FOR RESIDENTS 881910 RESIDENT REFUNDS 7337480 EMPLOYEE HEALTH PLAN 1303956 UNCLAIMED PROPERTY 9273 MARKETING FEE DEFERRED 47441 DEFERRED MANAGEMENT FEES 141841 248650621 X 91149614 156347 7585341 7741688 83407926 2004218 2004218 85412144 80597429 546180 546180 80051249 2007913 2007913 82059162 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: OAK CREST VILLAGE, INC. ("OCV") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE STATE INCOME TAX REGULATIONS. OAK CAMPUS PARTNERS, LLC ("OCP") IS A SINGLE-MEMBER LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE DISREGARDED FOR FEDERAL AND STATE INCOME TAX PURPOSES. OCP'S FINANCIAL STATEMENT ACTIVITY IS REFLECTED ON OCV'S BOOKS AND RECORDS. MANAGEMENT HAS EVALUATED OCV'S TAX POSITIONS AND HAS CONCLUDED THAT OCV HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE DISCLOSURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 27,030. ADJUSTMENT TO TRNA 515,455. CHANGE IN BENEFICIAL INTEREST IN BUSINESS TRUST 7,042,856. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON INVESTMENTS INCLUDED IN FUNCTIONAL EXPENSES ON FINANCIAL STATEMENTS -3,695. MARKETING EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 2,007,913. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 27,030. ADJUSTMENT TO TRNA 515,455. LOSS ON INVESTMENTS INCLUDED IN FUNCTIONAL EXPENSES ON FINANCIAL STATEMENTS 3,695. PART XII, LINE 4B - OTHER ADJUSTMENTS: MARKETING EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 2,007,913. X X X 1 ERICKSON LIVING MANAGEMENT LLC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 SOLICITATION, SPECIAL EVENTS 1 1022137 96060 926077 1022137 96060 926077 MD ANNUAL GALA 119530 95000 24530 2500 16697 1500 6333 119530 95000 24530 2500 16697 1500 6333 27030 -2500 1 EDUCATIONAL SCHOLARSHIPS - SEE PART IV 158 133253 SCHOLAR CANDIDATES MUST BE CURRENTLY EMPLOYED YEAR-ROUND AT OAK CREST VILLAGE. ONLY MEDICAL LEAVES OF ABSENCE ARE ALLOWABLE DURING THE TWO YEARS. OTHER REQUESTS FOR A LEAVE OF ABSENCE WILL BE REVIEWED AND DETERMINED CASE BY CASE. A SCHOLAR CANDIDATE MUST HAVE BEEN EMPLOYED BY OAK CREST VILLAGE ON OR BEFORE SEPTEMBER 30, 2012. THE CANDIDATE MUST ALSO ACHIEVE 1,000 HOURS OF WORK DURING A TIME SPAN THAT BEGINS NO EARLIER THAN JUNE 1, 2012 OF THEIR JUNIOR YEAR OF HIGH SCHOOL (300 OF 1,000 HOURS MUST BE COMPLETED BY THE END OF THEIR JUNIOR YEAR OF HIGH SCHOOL TO QUALIFY). ANY HOURS WORKED PRIOR TO JUNE 1, 2012 DO NOT COUNT TOWARDS THE 1,000 HOURS REQUIREMENT. CANDIDATES MUST ACHIEVE THE 1,000 HOUR REQUIREMENT AS WELL AS FULFILL THE TWO-YEAR MINIMUM EMPLOYMENT REQUIREMENT. CANDIDATES MUST BE IN "GOOD STANDING" FROM THEIR ORIGINAL DATE OF HIRE THROUGH THEIR LAST DAY OF WORK. TO MAINTAIN "GOOD STANDING," SCHOLAR CANDIDATES, AS EMPLOYEES, MUST ABIDE BY ALL EMPLOYMENT POLICIES AND PROCEDURES, TO INCLUDE GIVING TWO WEEKS NOTICE TO THEIR SUPERVISOR WHEN TERMINATING EMPLOYMENT. SCHOLAR CANDIDATES MUST COMPLETE EACH STEP AS OUTLINED IN THE PROGRAM DESCRIPTION BY THE RESPECTIVE DUE DATE. FURTHERMORE, CANDIDATES MUST TURN IN PROOF OF FULL-TIME STATUS WITHIN THE DATES SPECIFIED IN THE PROGRAM DESCRIPTION FOR EACH SPRING AND FALL SEMESTER THEY ATTEND SCHOOL. FAILURE TO DO SO WILL DISQUALIFY THE SCHOLAR THAT SEMESTER AND WILL COUNT TOWARDS ONE OF THE TWO ALLOWABLE SEMESTER LAPSES. CANDIDATES SHOULD INTEND TO GO TO COLLEGE OR TRADE SCHOOL AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST ATTEND SCHOOL FULL-TIME (12 CREDIT HOURS EACH SEMESTER) AFTER HIGH SCHOOL. SCHOLAR CANDIDATES MUST BE ACCEPTED AND/OR REGISTERED IN THE FALL OF 2012 AT A TRADE SCHOOL, COLLEGE, OR UNIVERSITY TO BENEFIT. (IN EXCEPTIONAL CASES, A SCHOLAR CANDIDATE MAY ARRANGE TO START SCHOOL UP TO TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM, BUT THEY MUST MAKE ARRANGEMENTS WITH THE RESIDENT LIFE DEPARTMENT. THESE TWO SEMESTERS WILL COUNT AS THE TWO ALLOCABLE SEMESTER LAPSES.) SCHOLARS WHO LAPSE FROM THE PROGRAM FOR MORE THAN A TOTAL OF TWO SEMESTERS AFTER BEING INDUCTED INTO THE PROGRAM ARE NO LONGER ELIGIBLE TO RECEIVE THE AWARD. X X X 0 0 0 0 0 0 0 0 0 COLLEEN LOPRESTO 167014 0 42750 0 6001 0 750 0 6370 0 222885 0 0 0 SUPPLEMENTAL INFORMATION PART III THE INDIVIDUAL LISTED IN SCHEDULE J, PART II IS AN EMPLOYEE OF ERICKSON LIVING MANAGEMENT ("ELM"), AN UNRELATED ORGANIZATION TO OAK CREST VILLAGE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN OAK CREST VILLAGE, INC. AND ELM. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ELM IS THE ISSUER OF THE FORM W-2. UNDER THE MANAGEMENT AGREEMENT, OAK CREST VILLAGE, INC. REIMBURSES ELM FOR THE COST OF SERVICES PERFORMED FOR OAK CREST VILLAGE, INC. A BALTIMORE COUNTY MD 526000889 059151BN9 2007-05-16 68570059 PART REFUNDING, PART NEW MONEY 0 0 0 A 68570059 5320000 1117134 12433825 49699100 2011 1 0 0 0 A 1 1 1 1 0 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 1 LEHMAN BROTHER 0 1 1 A 1 PART III, LINE 1: THE ORGANIZATION IS THE SOLE MEMBER OF A DISREGARDED ENTITY WHICH OWNS BOND-FINANCED PROPERTY. PART IV, LINE 2(C): A REBATE COMPUTATION WAS DONE ON JUNE 28, 2012 REFLECTING ACTIVITY FROM MAY 16, 2007 TO APRIL 30, 2012. AT THAT TIME, IT WAS DETERMINED THAT NO REBATE WAS DUE. PART IV, LINE 5(C): GIC WAS TERMINATED PART IV, LINE 6: PROCEEDS WERE FULLY SPENT ON CAPITAL PROJECT BY 12/31/2011. PROCEEDS HELD BEYOND THE THREE YEAR TEMPORARY PERIOD WERE YIELD RESTRICTED. FORM 990, PART VI, SECTION A, LINE 1 UNDER THE BYLAWS OF THE ORGANIZATION, THE BOARD HAS DELEGATED AUTHORITY TO AN EXECUTIVE COMMITTEE COMPRISED OF THE ORGANIZATION'S CHAIRMAN, PRESIDENT, SECRETARY AND TREASURER. THE EXECUTIVE COMMITTEE ACTS BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE IS ONLY EXPECTED TO TAKE ACTION IF THE CHAIRMAN OF THE EXECUTIVE COMMITTEE DETERMINES THAT ACTION IS NECESSARY AND A REPORT OF THE ACTION TAKEN IS PROMPTLY MADE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 ON APRIL 30, 2010, OAK CREST VILLAGE, INC. ENTERED INTO A NEW MANAGEMENT AND MARKETING AGREEMENT WITH ERICKSON LIVING MANAGEMENT, LLC ("ELM") TO PROVIDE THE SERVICES PREVIOUSLY PROVIDED BY ERC. ELM IS A SUBSIDIARY OF REDWOOD-ERC SENIOR LIVING HOLDINGS, LLC, NOW KNOWN AS ERICKSON LIVING HOLDINGS, LLC WHICH, TOGETHER WITH OTHER RELATED ENTITIES, PURCHASED THE MAJORITY OF THE ASSETS OF ERC. ELM IS A MARYLAND LIMITED LIABILITY COMPANY WHICH OPERATES AND MANAGES LARGE SCALE CONTINUING CARE RETIREMENT COMMUNITIES. THE MANAGEMENT AGREEMENT COMPLIES WITH REV. PROC. 97-13. THE FOLLOWING OFFICERS ARE LISTED IN PART VII, AS NON-COMPENSATED OFFICERS OF THE FILING ORGANIZATION, JOHN HALL, CLARA PARKER, JAMES WALTER, AND CHRIS RATHMANN. THEIR DUTIES ARE CONSIDERED PERFORMED PRO BONO. COLLEEN LOPRESTO, EXECUTIVE DIRECTOR, REMI ACKERMAN, FINANCE DIRECTOR, MARK ROUSSEY, ASSOCIATE EXECUTIVE DIRECTOR, MATTHEW ROSEWAG, DIRECTOR OF EXTENDED CARE, JOYCE MALONE, DIRECTOR OF GENERAL SERVICES, AND LOUIS MARANTO, DIRECTOR OF SALES TRAINING TALENT DEVELOPMENT, ARE LEASED EMPLOYEES FROM THE MANAGEMENT COMPANY. THE FILING ORGANIZATION REIMBURSES THE MANAGEMENT COMPANY FOR THEIR COMPENSATION WHICH IS REPORTED ON FORM 990, PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 6 OAK CREST VILLAGE, INC.'S SOLE MEMBER IS NATIONAL SENIOR CAMPUSES, INC. ("NSC"). NSC IS A MARYLAND NON-STOCK CORPORATION. NSC IS A "SUPPORTING ORGANIZATION" WITH RESPECT TO OAK CREST VILLAGE, AS WELL AS CERTAIN OTHER ORGANIZATIONS SPECIFIED IN ITS GOVERNING DOCUMENTS. AS REQUIRED BY THE REGULATIONS RELATING TO "SUPPORTING ORGANIZATIONS," CERTAIN MEMBERS OF THE BOARD OF DIRECTORS OF NSC WILL ALSO BE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE NATIONAL SENIOR CAMPUSES, INC. BOARD OF DIRECTORS APPOINTS THE DIRECTORS OF OAK CREST VILLAGE, INC. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN EXTRAORDINARY ACTIONS OF THE CORPORATION REQUIRE THE APPROVAL OF THE MEMBER UNDER APPLICABLE STATE LAW. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD APPOINTS A COMMITTEE FROM AMONG ITS DIRECTORS AS WELL AS THE DIRECTORS FROM ONE OR MORE RELATED ENTITIES TO OVERSEE THE PREPARATION OF FORM 990. THE BOARD CHAIR HAS THE RESPONSIBILITY TO REVIEW FORM 990 PRIOR TO ITS FILING OR TO DESIGNATE ANOTHER BOARD MEMBER TO REVIEW THE FORM. THE FULL BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FINAL VERSION OF FORM 990 BEFORE IT IS FILED AND ASK QUESTIONS OF THE COMMITTEE OR THE REVIEWER REGARDING THE FORM. THE BOARD CHAIR DESIGNATES AN OFFICER TO SIGN FORM 990. FORM 990, PART VI, SECTION B, LINE 12C OAK CREST VILLAGE, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER OAK CREST VILLAGE, INC.'S AFFAIRS, COMMITTEE MEMBERS, PROSPECTIVE DIRECTORS, AND SENIOR STAFF PROVIDING SERVICES TO THE ORGANIZATION UNDER A MANAGEMENT AGREEMENT. EACH COVERED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY AND AS POTENTIAL CONFLICTS ARISE DURING THE YEAR. THESE STATEMENTS ARE REVIEWED BY THE BOARD CHAIR. IF THE CONFLICT INVOLVES A COVERED EMPLOYEE, THE CHAIR DETERMINES WHETHER A CONFLICT EXISTS AND, IF SO, HOW IT IS TO BE HANDLED, OR THE CHAIR MAY REFER THE MATTER TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FOR ALL OTHER CONFLICTS, THE BOARD OF DIRECTORS OR A COMMITTEE OF DISINTERESTED DIRECTORS WILL DETERMINE WHETHER A CONFLICT ACTUALLY EXISTS. A COVERED PERSON MAY NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE BY THE BOARD BUT MAY ANSWER QUESTIONS OR PROVIDE CLARIFYING INFORMATION UNLESS ANY BOARD MEMBER OBJECTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS APPROVED A DIRECTORS' COMPENSATION POLICY WHICH ESTABLISHES THE PROCESS BY WHICH ALL DIRECTOR COMPENSATION IS DETERMINED. OFFICERS SERVE WITHOUT COMPENSATION. A REVIEW OF THE DIRECTORS' COMPENSATION IS CONDUCTED EACH FISCAL YEAR. COMPENSATION IS APPROACHED ON AN OVERALL BASIS AND THE TOTAL VALUE OF ALL FORMS OF COMPENSATION IS ESTABLISHED AND MONITORED. AN INDEPENDENT COMPENSATION CONSULTANT IS PERIODICALLY RETAINED TO PERFORM AN ANALYSIS OF OAK CREST VILLAGE, INC.'S COMPENSATION USING COMPARABLES OF BOTH FOR-PROFIT AND NON-PROFIT PEERS. A COMMITTEE OF THE NSC BOARD REVIEWS THE CONSULTANT'S REPORT AND MAKES A RECOMMENDATION TO THE ORGANIZATION AS TO APPROPRIATE COMPENSATION OF DIRECTORS. THE FULL BOARD HAS ACCESS TO OAK CREST VILLAGE INC.'S CONSULTANT'S REPORT AND AN OPPORTUNITY TO QUESTION THE CONSULTANT ABOUT THE PROCESS, METRICS, AND COMPARABLES THAT WERE USED IN DETERMINING THE RECOMMENDED COMPENSATION. THE BOARD THEN VOTES ON THE COMPENSATION RECOMMENDATIONS AND A CONTEMPORANEOUS RECORD IS MADE OF THE MEETING AND THE VOTE. THE CONSULTANT REVIEW WAS LAST UNDERTAKEN IN 2010 AND WAS ACTED UPON BY THE BOARD IN EARLY 2011. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EXECUTIVE DIRECTOR'S OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN BUSINESS TRUST 7,042,856. MISSION STATEMENT - 990 PAGE 1, PART I, LINE 1 AND PART III, LINE 1 MISSION STATEMENT SHARING OUR GIFTS TO CREATE COMMUNITIES THAT CELEBRATE LIFE THE BOARD OF DIRECTORS OF NATIONAL SENIOR CAMPUSES, INC. AND ITS SUPPORTED COMMUNITIES ARE COMMITTED TO ACHIEVING THE MISSION BY: 1. PROMOTING AN ACTIVE QUALITY OF LIFE FOR SENIORS -CREATING LARGE SCALE RETIREMENT CAMPUSES TO PROMOTE ACTIVITY AND HEALTHY LIVING. -PROVIDING A RESIDENT CENTERED SERVICE CULTURE. -ENCOURAGING RESIDENT RUN ACTIVITIES WITH PROFESSIONAL SUPPORT. 2. ACHIEVING EXCELLENCE IN SERVICES AND PROGRAMS -EXERCISING ITS AUTHORITY IN SERVICES, PROGRAMS, FEES, FACILITIES AND FINANCING. -EMBRACING COMPLIANCE, ETHICS AND INTEGRITY. -OVERSEEING SERVICES AND PROGRAMS PERSONALLY AND IN MEETINGS WITH THE RESIDENTS ADVISORY COUNCIL. -TAKING A LONG-TERM VIEW OF FIDUCIARY RESPONSIBILITY. 3. INSURING AFFORDABILITY TO MIDDLE INCOME SENIORS -FOCUSING ON THE LONG TERM VIABILITY OF THE COMMUNITY FOR CURRENT AND FUTURE RESIDENTS. -USING FINANCING STRATEGIES TO LOWER THE COST OF CAPITAL. -QUALIFYING FOR EXEMPTION FROM FEDERAL AND STATE INCOME TAX. -OBTAINING PROPERTY TAX REDUCTIONS FROM COMMUNITY GOVERNMENTS. -ACCUMULATING NET INCOME TO FURTHER THE MISSION. -MAINTAINING A POLICY FOR FULLY REFUNDABLE ENTRANCE DEPOSIT. -OFFERING FEE-FOR-SERVICE HEALTH CARE. 4. MAKING A LIFE CARE COMMITMENT -TO THE EXTENT FEASIBLE, ENSURING THAT NO RESIDENT SHOULD EVER HAVE TO LEAVE A COMMUNITY AS A RESULT OF FINANCIAL INABILITY TO PAY FOR THE COST OF THEIR CARE. -ENCOURAGING FUNDRAISING EFFORTS IN SUPPORT OF BENEVOLENT CARE. 5. FOSTERING GROWTH -COMMITTING TO MAKING THIS LIFESTYLE AVAILABLE TO AN INCREASING NUMBER OF SENIORS. -INCREASING EFFORTS TO ACHIEVE AFFORDABILITY. -DEVELOPING NEW COMMUNITIES IN CURRENT MARKETS. -DEVELOPING COMMUNITIES IN NEW MARKETS. OAK CAMPUS PARTNERS LLC 8800 WALTHER BLVD PARKVILLE MD 21234 521904940 OWNER OF LAND AND BUILDING MD 0 303000000 OAK CREST VILLAGE INC ASHBY PONDS INC 21170 ASHBY PONDS BLVD ASHBURN VA 20147 205609803 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 BROOKSBY VILLAGE INC 100 BROOKSBY VILLAGE DRIVE PEABODY MA 01960 522126755 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 CEDAR CREST VILLAGE INC 1 CEDAR CREST VILLAGE DRIVE POMPTON PLAINS NJ 07444 522184915 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 EAGLE'S TRACE INC 14703 EAGLE VISTA DRIVE HOUSTON TX 77077 030498683 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 FOX RUN VILLAGE INC 41000 13 MILE ROAD NOVI MI 48377 522291271 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 ANN'S CHOICE INC 10000 ANNS CHOICE WAY WARMINSTER PA 18974 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HICKORY CHASE INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 208991395 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 HIGHLAND SPRINGS INC 8000 FRANKFORD ROAD DALLAS TX 75252 510536892 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 LINDEN PONDS INC 300 LINDEN PONDS WAY HINGHAM MA 02043 141849849 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 MARIS GROVE INC 100 MARIS GROVE WAY GLEN MILLS PA 19342 550878964 CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 NATIONAL SENIOR CAMPUSES INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 204356247 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 NATIONAL SENIOR CAMPUSES FOUNDATION INC 701 MAIDEN CHOICE LANE BALTIMORE MD 21228 030611973 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 11C, III-FI N/A 0 RIDERWOOD VILLAGE INC 3110 GRACEFIELD ROAD SILVER SPRING MD 20904 522126753 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 SEABROOK VILLAGE INC 3000 ESSEX ROAD TINTON FALLS NJ 07753 522126751 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 TALLGRASS CREEK INC 13800 METCALF AVENUE OVERLAND PARK KS 66223 870765641 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 WIND CREST INC 3235 MILL VISTA ROAD HIGHLANDS RANCH CO 80129 510549976 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 GREENSPRING VILLAGE INC 7440 SPRING VILLAGE DRIVE SPRINGFIELD VA 22150 522095427 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) 9 NATIONAL SENIOR CAMPUSES INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0