Chairman

2012-11-15T14:46:43-06:00 2011-12-31 410746749 CliftonLarsonAllenLLP 5001 Spring Valley Road Suite 600W Dallas TX 75244 990 2011-01-01 200709981 Longhorn Village LONG 5122665600 12501 Longhorn Pkwy Austin TX 78732 Stephen Ballantyne Chairman 5122665600 2012-11-15 1 Troy Langsdale P00847944 9723835700 2011 2016-02-24 21:20:13Z Stephen Ballantyne 12501 Longhorn Pkwy Austin TX 78732 14807434 0 X www.Longhornvillage.com X 2002 TX To acquire real property and to develop, market and operate the property as a continuing care retirement community (CCRC). 3 3 311 0 0 0 0 0 7225381 14402848 439263 404586 0 0 7664644 14807434 0 0 0 0 4039100 7795045 0 0 0 16591867 18065910 20630967 25860955 -12966323 -11053521 170894720 159985321 196634390 195543544 -25739670 -35558223 TO ACQUIRE REAL PROPERTY AND TO DEVELOP, MARKET, AND OPERATE THE PROPERTY AS A CONTINUING CARE RETIREMENT COMMUNITY (CCRC). 0 0 16937650 14402848 The Community consists of 214 independent living units (including 173 apartments and 41 patio homes), and a healthcare facility consisting of approximately 20 assisted living units, 16 special care dementia units, and 60 skilled nursing beds. The Company commenced operations of the independent living units in August 2009. In October 2010, the healthcare facility began operations. 16937650 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 311 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X X Margaret Butler 5122665600 12501 Longhorn Pkwy Austin TX 78732 X Stephen Ballantyne Treasurer 1.00 X X 0 0 0 Richard Leshin Director 1.00 X 0 0 0 Leslie Cedar Chairman 1.00 X X 0 0 0 Bill McCausland Secretary 1.00 X X 0 0 0 Rudy Garza Director 1.00 X 0 0 0 0 0 0 0 0 0 0 CRSALCS ManagementLLC 400 Locust Suite 820 Des Moines IA 503092334 Management 1066884 Sysco Food Services of Austin 1260 Schwab Road New Braunfels TX 78132 Food and Dining Supplies 587824 AETNA PO BOX 804735 Chicago IL 606804108 Employee Health Insurance 384224 Arthur J Gallagher Risk MGMT Services 5229 Paysphere Circle Chicago IL 60674 Insurance 361888 RehabCare Group Inc PO Box 503534 St Louis MO 631503534 Patient PT/OT/ST Services 252636 12 Resident Services 623990 7090253 7090253 Health Care Revenue 623990 3801444 3801444 Entrance Fee Amortizat 623000 3220361 3220361 Other Fees 623990 290790 290790 14402848 404586 404586 14807434 14402848 0 404586 5951252 5113461 837791 1408102 260526 1147576 435691 326645 109046 662838 261508 401330 315507 315507 3169416 123084 3046332 347234 100841 246393 129952 37712 92240 25864 16838 9026 581255 581255 732669 732669 74026 18998 55028 4423 1116 3307 2452696 2452696 7387864 7387864 Supplies 1149193 1149193 Equipment & Repairs 550297 475962 74335 Miscellaneous 383753 272013 111740 Entertainment 44267 44267 54656 33698 20958 25860955 16937650 8923305 0 258828 468252 2019736 1330662 196943 834905 4270371 4204960 19352 61077 294537 279678 134503847 13022977 124932827 121480870 24009702 17567123 14892424 13757794 170894720 159985321 2426342 6080715 131209750 107004500 62998298 82458329 196634390 195543544 X -25739670 -35558223 -25739670 -35558223 170894720 159985321 X -11053521 1234968 X X 0 1 1 X 0 X 656034 1213281 7225381 14402848 23497544 656034 1213281 7225381 14402848 23497544 0 0 0 23497544 529720 439263 404586 1373569 529720 439263 404586 1373569 656034 1743001 7664644 14807434 24871113 0.94480 0.90370 0.05520 0.09630 X 6899357 6899357 123683328 10847191 112836137 3921162 2175786 1745376 121480870 Bond Funds 17567123 F 17567123 Deferred Costs 13757794 13757794 Accrued Interest 356373 Entrance Fee Deposits 1360404 Deferred Revenue from Entrance Fees 78593307 Interest Rate Swaps 2148245 82458329 14807434 25860955 -11053521 1234968 1234968 -9818553 16042402 1234968 1234968 14807434 0 14807434 25860955 0 25860955 0 25860955 Description of Uncertain Tax Positions Under FIN 48: Part X: The Company is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. The Companys income tax returns are subject to review and examination by federal, state, and local authorities. The Company is not aware of any activities that would jeopardize its tax-exempt status. The Company is not aware of any activities that are subject to tax on unrelated business income or excise or other taxes. The tax returns for the years 2009 to 2011 are open to examination by federal, local, and state authorities. Part XI, Line 8 - Other Adjustments: Change in Fair Value of Interest Rate Swap 1,234,968. Part XII, Line 2d - Other Adjustments: Change in Fair Value of Interest Rate Swap 1,234,968. The Travis County Health Facilities Development Corporation 742251752 89439RAP9 2008-01-10 166330000 Complete Project 0 0 0 59325250 166330000 7864166 6119723 2000000 134200575 16145536 2010 0 0 1 1 0 0 1 1 0 1 0 1 1 Hypo Public Finance Bank 2.100000000000 0 0 1 MBIA Inc San Sabia Capital GE 29.000000000000 1 0 0 Schedule K Supplental Information Proceeds of the Series 2008 Bonds, together with funds provided from entrance fees and earnings on such proceedings, will be used for (i) refinancing certain preconstruction debt of the corporation relating to a continuing care retirement center project (the "project") to be owned and operated by the corporation, (ii) the acquisition, construction, equipping and furnishing of the project. Form 990, Part VI, Section A, line 3 The organization has engaged a management company, CRSA, to manage the operations of the organization. CRSA reports directly to the organization's board of directors. Form 990, Part VI, Section B, line 11 The Form 990 will be provided to all board members for review before it is filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy is reviewed and signed annually. Form 990, Part VI, Section B, line 15a CRSA determines the amount the executive director is compensated. Form 990, Part VI, Section C, line 19 The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Change in Fair Value of Interest Rate Swap 1,234,968. Total to Form 990, Part XI, Line 5: 1,234,968. Audit Committee / Financial Statement Oversight Form 990, Part XII, Line 2c The organization has a committee which assumes responsibility for choosing the independent auditor and oversight of the independent audit. This process is consistent with prior years.