2013-08-09T13:04:34-07:00 2012-09-30 RK Taylor & Associates 2890 North Main St Suite 305 Walnut Creek CA 94597 990 2011-10-01 200566413 Las Ventanas Retirement Community LASV 7023602662 c/o 3120 Stoneridge Mall Rd3rd 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 17848918 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. 7 7 194 0 0 18172365 17846828 13086 2090 0 18185451 17848918 0 0 7229098 7084354 0 0 16397151 16116704 23626249 23201058 -5440798 -5352140 81459611 85944689 130733089 106713300 -49273478 -20768611 To provide quality residential housing for senior citizens along with personal services, assisted living and nursing services. false false 21934738 Nursing and retirement facility with services ranging from individual retirement living to 24-hour skilled nursing care. 21934738 true false 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 false false false false false false false false false false false false false false false true false false false false true 33 0 true 194 false false false false false false false false false false false false 0 false false false false false false false false false false false X 7 7 false true false false true true true true true false false false true true true true true true true false false false CA X X Pamela Claassen 9259247117 6120 Stoneridge Mall Rd Pleasanton CA 94588 Ruby Vance 2.00 X 0 0 0 Mike Murphy 2.00 X 0 0 0 Max Spilka 2.00 X 0 0 0 Christopher A Vito 2.00 X 0 0 0 Randy Ecklund 2.00 X 0 0 0 David Dahan 2.00 X 0 0 0 Ann Lynch 2.00 X 0 0 0 Pamela S Claassen 2.00 X 0 376428 110399 David B Ferguson 2.00 X 0 681987 236338 June Connelly to 613 40.00 X 109496 0 14746 109496 1058415 361483 1 false true false SBA Integrated Marketing 207 W Franklin St Richmond VA 23220 Marketing 692127 Kedney Mktg Svcs 2019 Rosewood Dr Neptune Beach FL 32266 Marketing 244051 Aegis Therapies Inc 1000 Fianna Way Fort Smith AR 72919 Nursing 1073858 3 0 Resident Services 15708926 15708926 Amortization of fees 2137902 2137902 17846828 2090 2090 0 0 0 0 0 0 0 0 17848918 17846828 2090 0 0 0 0 0 0 5902358 5587377 314981 0 461502 441539 19963 720494 679877 40617 442320 442320 12731 12731 76288 40288 36000 0 0 0 524724 366875 157849 530506 525881 4625 62021 49417 12604 0 0 1523349 1509766 13583 102077 89801 12276 0 0 4612236 4612236 0 3938301 3938301 86158 86158 Service Contracts 483500 446739 36761 Supplies 970339 956864 13475 Other 977702 829167 148535 Nursing ANS 1774452 1774452 0 23201058 21934738 1266320 0 1516719 1570788 3768939 3221838 0 769820 1409736 0 0 0 11511 22361 279475 161738 92037689 16092726 68879290 75944963 1987807 2145907 0 0 0 4246050 1467358 81459611 85944689 13199713 1011508 39407983 38331516 57794814 67041795 10841450 9489129 328481 130733089 106713300 X -49273478 -20768611 -49273478 -20768611 81459611 85944689 X -5352140 33857007 X false true true X false false X 0 12988791 16670281 16503789 18172365 17846828 82182054 0 0 0 12988791 16670281 16503789 18172365 17846828 82182054 0 0 82182054 293090 167486 90855 13086 2090 566607 0 293090 167486 90855 13086 2090 566607 0 156317 46169 202486 13281881 16994084 16640813 18185451 17848918 82951147 0.99070 0.98150 0.00680 0.01560 X 8900000 8900000 81100394 14841493 66258901 1229406 681146 548260 807889 570087 237802 75944963 Tenant Deposits 328481 328481 17848918 23201058 -5352140 33857007 33857007 28504867 51705925 33857007 33857007 17848918 17848918 23201058 23201058 23201058 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 Gain on restructure of debt, See Sched O $33857007 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Gain on restructure of debt, See Sched O $33857007 false true false false false false false false false false Pamela S Claassen 300923 71607 3898 93071 17328 486827 71607 David B Ferguson 490976 156277 34734 217084 19254 918325 156277 Public Finance Authority 273866124 74442PAH8 2012-09-10 37493374 Refund issues-11/29/04 (2) false false false 37493374 791160 37493374 2007 true false true true false false false false false true false true false false false true X Supplement to Schedule D, Part XI Reconciliation During the FYE 9/30/12, the debt of Las Ventanas was restructured. As part of the restructuring, all but $2,000,000 of outstanding accrued bond interest and all construction loan interest was forgiven, along with all outstanding accrued management fees and the $5,000,000 contingent liability due to American Baptist Properties (ABP). Further, in connection with the restructuring, ABP terminated the existing ground lease and transferred ownership of the land to Las Ventanas. Additionally, all amounts owing to third parties for development and management services were forgiven. The restructuring and associated forgiveness of liabilities resulted in an extraordinary gain of $33,810,000. As a result of the restructuring, annual contractual obligations of over $5,000,000 were reduced to approximately $2 million that is subject to default. 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 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 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:-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 Baptist Senior Adult Ministries 6120 Stoneridge Mall Rd 3rd Fl Pleasanton CA 94588 530204679 Support of benevolence needs of residents DC 501(c)(3) 509(a)(1) American Baptist Homes of the West 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 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 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 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 false false false false false false false true false false false false false false