EAGLES TRACE INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- EAGLES TRACE INC (EIN 03-0498683)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-06-29
- IRS object ID
- 201101809349300810
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-06-29T12:51:22-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM MCGLADREY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 INTERNATIONAL DRIVE SUITE 1400 | AddressLine1 |
| City | BALTIMORE | City |
| State | MD | State |
| ZIP Code | 21202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030498683 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EAGLE'S TRACE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EAGL | NameControl |
| Phone | 2812497000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14703 EAGLE VISTA DRIVE | AddressLine1 |
| City | HOUSTON | City |
| State | TX | State |
| ZIP Code | 77077 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID L BURK | Name |
| Title | DIRECTOR | Title |
| Phone | 2812497000 | Phone |
| Date Signed | 2011-06-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JULIA FLANNERY | Name |
| Phone | 4102469300 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RODNEY COE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14703 EAGLE VISTA DRIVE | AddressLine1 |
| City | HOUSTON | City |
| State | TX | State |
| ZIP Code | 77077 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 54859414 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NATIONALSENIORCAMPUSES.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS. SEE SCHEDULE O. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 274 | TotalNbrEmployees |
| Total Nbr Volunteers | 212 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 152305 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 314080 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 11600029 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12435245 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4763173 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4754167 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 165945 | OtherRevenuePriorYear |
| Other Revenue Current Year | 37345571 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 16681452 | TotalRevenuePriorYear |
| Total Revenue Current Year | 54849063 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 9000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 12500 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5230859 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5551573 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15748118 | OtherExpensePriorYear |
| Other Expenses Current Year | 15367044 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 20987977 | TotalExpensesPriorYear |
| Total Expenses Current Year | 20931117 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -4306525 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 33917946 | RevenuesLessExpensesCY |
| Total Assets BOY | 95634434 | TotalAssetsBOY |
| Total Assets EOY | 154024259 | TotalAssetsEOY |
| Total Liabilities BOY | 119119383 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 143591687 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -23484949 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10432572 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 19550468 | Expense |
| Grants | 12500 | Grants |
| Revenue | 49538410 | Revenue |
| Description | EAGLE'S TRACE, INC. PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 375 INDEPENDENT LIVING UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES. | Description |
| Total Program Service Expense | 19550468 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 49 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 274 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 1 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRUCE SIXX | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4104022362 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 MAIDEN CHOICE LANE | AddressLine1 |
| City | CATONSVILLE | City |
| State | MD | State |
| ZIP Code | 21228 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| RODNEY M COE | ||||||
| DIRECTOR/CHAIRPERSON | 2.00 | X | X | 11814 | 65186 | 0 |
| JAMES P HAYES | ||||||
| DIRECTOR/PRESIDENT/VICE CHAIR | 1.00 | X | X | 6189 | 70811 | 0 |
| JOHN BOWSER | ||||||
| DIRECTOR/SECRETARY | 6.00 | X | X | 5000 | 0 | 0 |
| BOONE POWELL | ||||||
| DIRECTOR/TREASURER | 1.00 | X | X | 6686 | 20064 | 0 |
| DAVID L BURK | ||||||
| DIRECTOR | 3.00 | X | 6688 | 20062 | 0 | |
| STEVEN HUNSICKER | ||||||
| DIRECTOR | 1.00 | X | 6686 | 20064 | 0 | |
| ZINA JACQUE | ||||||
| DIRECTOR | 1.00 | X | 0 | 22250 | 0 | |
| MICHAEL ROSKIEWCZ | ||||||
| DIRECTOR | 1.00 | X | 0 | 22250 | 0 | |
| HAROLD ASHBY | ||||||
| DIRECTOR | 1.00 | X | 2936 | 59064 | 0 | |
| DEBRA B DOYLE | ||||||
| VICE PRESIDENT | 10.00 | X | 0 | 0 | 0 | |
| JEFFREY A JACOBSON | ||||||
| ASSISTANT TREASURER | 10.00 | X | 0 | 0 | 0 | |
| J BENJAMIN UNKLE | ||||||
| ASSISTANT SECRETARY | 10.00 | X | 0 | 0 | 0 | |
| KEVIN KNOPF | ||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 184954 | 0 | 12784 | |
| SHIRLEY GLUECK | ||||||
| DIRECTOR OF FINANCE | 40.00 | X | 102021 | 0 | 750 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 332974 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 299751 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 13534 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SYSCO HOUSTON | |||||
| 10710 GREENS CROSSING BLVD | HOUSTON | TX | 77038 | FOOD SERVICE | 680937 |
| ERICKSON LIVING MANAGEMENT | |||||
| 701 MAIDEN CHOICE LN | BALTIMORE | MD | 21228 | MANAGEMENT | 303042 |
| BRICKMAN GROUP LTD LLC | |||||
| 3630 SOLUTIONS CENTER | CHICAGO | IL | 606773006 | LANDSCAPE & GROUNDSKEEPING | 240683 |
| B & B PAINTING CO | |||||
| PO BOX 846 | BELLVILLE | TX | 77418 | PAINTING SERVICE | 185404 |
| ERICKSON RETIREMENT COMMUNITIES | |||||
| 701 MAIDEN CHOICE LN | BALTIMORE | MD | 21228 | MANAGEMENT | 148735 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| All Other Contributions | 314080 | AllOtherContributions |
| Total Contributions | 314080 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| RESIDENT FEES | 623990 | 9032393 | 9032393 |
| ANCILLARY FEES | 623990 | 2156885 | 2156885 |
| RESIDENT DEPOSITS | 623990 | 1237267 | 1237267 |
| PROCESSING FEES | 623990 | 8700 | 8700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12435245 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4756840 | TotalRevenueColumn |
| Exclusion | $4,756,840 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 152965 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 152965 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 152965 | TotalRevenueColumn |
| Exclusion | $152,965 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 2673 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -2673 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2673 | TotalRevenueColumn |
| Exclusion | -$2,673 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 14495 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 7678 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6817 | TotalRevenueColumn |
| Exclusion | $6,817 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| GAIN ON FORGIVENESS OF | 623990 | 37103165 | 37103165 | |
| OTHER INCOME | 900099 | 82624 | $82,624 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 37185789 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 54849063 | TotalRevenueColumn |
| Related Or Exempt Function Income | 49538410 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $4,996,573 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12500 | Total |
| Program Services | 12500 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 348054 | Total |
| Management And General | 348054 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3953643 | Total |
| Program Services | 3633845 | ProgramServices |
| Management And General | 319798 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36373 | Total |
| Program Services | 30753 | ProgramServices |
| Management And General | 5620 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 856563 | Total |
| Program Services | 761650 | ProgramServices |
| Management And General | 94913 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 356940 | Total |
| Program Services | 307937 | ProgramServices |
| Management And General | 49003 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 451777 | Total |
| Program Services | 451777 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7658 | Total |
| Program Services | 2110 | ProgramServices |
| Management And General | 5548 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76126 | Total |
| Program Services | 76126 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 951210 | Total |
| Program Services | 951210 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1375438 | Total |
| Program Services | 1316591 | ProgramServices |
| Management And General | 58847 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4073177 | Total |
| Program Services | 4073177 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46269 | Total |
| Program Services | 28877 | ProgramServices |
| Management And General | 17392 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4635484 | Total |
| Program Services | 4635484 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1704540 | Total |
| Program Services | 1704540 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 162755 | Total |
| Program Services | 162755 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| CONTRACT PROF. SERVICES | 1396368 | 956353 | 440015 |
| EQUIPMENT RENTAL | 258706 | 236752 | 21954 |
| RESIDENT RELATIONS | 141315 | 128025 | 13290 |
| ADMINISTRATIVE & MISC. | 86221 | 80006 | 6215 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20931117 | Total |
| Program Services | 19550468 | ProgramServices |
| Management And General | 1380649 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2078 | BOY |
| EOY | 2106 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4285622 | BOY |
| EOY | 5387501 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 360975 | BOY |
| EOY | 462553 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89297905 | BOY |
| EOY | 93728953 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27447 | BOY |
| EOY | 32513 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70046 | BOY |
| EOY | 34865 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 58735978 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4360210 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1590361 | BOY |
| EOY | 54375768 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95634434 | BOY |
| EOY | 154024259 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3062666 | BOY |
| EOY | 2305822 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34439415 | BOY |
| EOY | 225810 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81617302 | BOY |
| EOY | 141060055 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119119383 | BOY |
| EOY | 143591687 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -23782799 | BOY |
| EOY | 9896310 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 297850 | BOY |
| EOY | 536262 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -23484949 | BOY |
| EOY | 10432572 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95634434 | BOY |
| EOY | 154024259 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 33917946 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -425 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 33048 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 128495 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 138397 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 152305 | CurrentTaxYearMinus1Year |
| Current Tax Year | 314080 | CurrentTaxYear |
| Total | 766325 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5680988 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8679771 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 11030116 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11625900 | CurrentTaxYearMinus1Year |
| Current Tax Year | 49552905 | CurrentTaxYear |
| Total | 86569680 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5714036 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8808266 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 11168513 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11778205 | CurrentTaxYearMinus1Year |
| Current Tax Year | 49866985 | CurrentTaxYear |
| Total | 87336005 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 87336005 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2206997 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3885808 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4527142 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4911616 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4909805 | CurrentTaxYear |
| Total | 20441368 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2206997 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3885808 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4527142 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4911616 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4909805 | CurrentTaxYear |
| Total | 20441368 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 82624 | CurrentTaxYear |
| Total | 82624 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7921033 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12694074 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15695655 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16689821 | CurrentTaxYearMinus1Year |
| Current Tax Year | 54859414 | CurrentTaxYear |
| Total | 107859997 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.80970 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.70940 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.18950 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.29060 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
| General Explanation | SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 54774790 | InvestmentCostOrOtherBasis |
| Depreciation | 1181805 | Depreciation |
| Book Value | 53592985 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 3961188 | InvestmentCostOrOtherBasis |
| Depreciation | 3178405 | Depreciation |
| Book Value | 782783 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 54375768 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (8 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ADVANCE DEPOSITS | $204,600 |
| CLAIMS RESERVE | $206,565 |
| RESIDENT DEPOSITS (NET) | $84,026,422 |
| FUNDS HELD FOR RESIDENTS | $35,400 |
| UNCLAIMED PROPERTY | $6,655 |
| RESIDENT REFUNDS PAYABLE | $1,444,000 |
| INTEREST PAYABLE | $524,976 |
| CAPITAL LEASE PAYABLE | $54,611,437 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 141060055 | TotalOfAmounts |
| Total Revenue | 54849063 | TotalRevenue |
| Total Expenses | 20931117 | TotalExpenses |
| Excess Or Deficit For Year | 33917946 | ExcessOrDeficitForYear |
| Other | -$425 | OtherAmount |
| Total Adjustments | -425 | TotalAdjustments |
| Excess Or Deficit Per FS | 33917521 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 54909051 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 59988 | OtherRevenues |
| Revenue Not Rptd F990 | 59988 | RevenueNotRptdF990 |
| Revenue Subtotal | 54849063 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 54849063 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 20991530 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 60413 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 60413 | ExpensesNotRptdF990 |
| Expenses Subtotal | 20931117 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 20931117 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | EAGLE'S TRACE, INC. ("ETH") AND EAGLE'S TRACE HOME CARE, LLC ("ETHC") ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE STATE INCOME TAX REGULATIONS. IN 2008, ETH AND ETHC ADOPTED THE GUIDANCE ON FASB INTERPRETATION NO. 48 ("FIN 48"), ACCOUNTING FOR INCOME TAXES. THE ADOPTION OF THIS STANDARD DID NOT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. NO FIN 48 LIABILITIES WERE IDENTIFIED FOR THE YEAR ENDED DECEMBER 31, 2010. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | TALON BAR NET LOSS INCLUDED ON CONSOLIDATED FINANCIAL STATEMENTS -425. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES FROM SPECIAL FUNDRAISING EVENTS ON PART VIII LINE 8B 7,678. ADJUSTMENT TO TRNA -705. REVENUE FROM THE TALON BAR COMPANY 53,015. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES FROM SPECIAL FUNDRAISING EVENTS ON PART VIII LINE 8B 7,678. ADJUSTMENT TO TRNA -705. EXPENSES FROM THE TALON BAR COMPANY 53,440. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | EDUCATIONAL SCHOLARSHIPS - SEE PART IV | TypeOfGrant |
| Number Of Recipients | 14 | NumberOfRecipients |
| Amount Of Cash Grant | 12500 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | OTHER INFORMATION: | Identifier |
| Return Reference | PART IV: | ReturnReference |
| Explanation | SCHOLAR CANDIDATES MUST BE CURRENTLY EMPLOYED YEAR-ROUND AT EAGLE'S TRACE, INC. 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 EAGLE'S TRACE, INC. ON OR BEFORE SEPTEMBER 30, 2010. THE CANDIDATE MUST ALSO ACHIEVE 1,000 HOURS OF WORK DURING A TIME SPAN THAT BEGINS NO EARLIER THAN AUGUST 1, 2010 OF THEIR JUNIOR YEAR OF HIGH SCHOOL (500 OF 1,000 HOURS MUST BE COMPLETED BY THE END OF THEIR JUNIOR YEAR OF HIGH SCHOOL TO QUALIFY). CONTINUED ON SCHEDULE I, PAGE 2, PART IV. ANY HOURS WORKED PRIOR TO AUGUST 1, 2010 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KEVIN KNOPF | NamePerson |
| Base Compensation Filing Org | 159954 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 25000 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 750 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 13291 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 198995 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | ALL OF THE INDIVIDUALS LISTED IN SCHEDULE J, PART II ARE EMPLOYEES OF ERICKSON RETIREMENT COMMUNITIES, LLC ("ERC") AND ERICKSON LIVING MANAGEMENT, LLC ("ELM"), UNRELATED ORGANIZATIONS TO EAGLE'S TRACE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN EAGLE'S TRACE, INC. AND ERC AND ELM. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ERC AND ELM ARE THE ISSUERS OF THESE FORMS W-2. UNDER THE MANAGEMENT AGREEMENT, EAGLE'S TRACE, INC. REIMBURSES ERC AND ELM FOR THE COST OF SERVICES PERFORMED FOR EAGLE'S TRACE, INC. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERICKSON RETIREMENT COMMUNITIES LLC (ERC) | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | D. DOYLE, J. JACOBSON, J.B. UNKLE, & K. KNOPF ARE OFFICERS OF ERC. | Relationship |
| Amount Of Transaction | 148735 | AmountOfTransaction |
| Description Of Transaction | MANAGEMENT SERVICES | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE L, PART IV | Identifier |
| Explanation | TRANSACTIONS WITH INTERESTED PERSONS - SCHEDULE LTHE OFFICERS LISTED IN PART IV OF SCHEDULE L WERE EMPLOYEES OF ERICKSON RETIREMENT COMMUNITIES, LLC WHICH PROVIDED MANAGEMENT SERVICES TO THE ORGANIZATION. WITH THE EXCEPTION OF K. KNOPF, WHO SERVES AS THE EXECUTIVE DIRECTOR OF THE ORGANIZATION'S FACILITIES, THE OTHERS SERVED AS OFFICERS FOR ADMINISTRATIVE CONVENIENCE ONLY IN CONNECTION WITH THEIR PERFORMANCE OF DUTIES UNDER THE MANAGEMENT AGREEMENT. CERTAIN BOARD MEMBERS OF THE ORGANIZATION ALSO SERVE AS OFFICERS OF THE ORGANIZATION AND THOSE BOARD MEMBERS HAVE PRIMARY RESPONSIBILITY FOR CARRYING OUT THE DUTIES OF THE ORGANIZATION'S OFFICERS. THE AMOUNT LISTED AS MANAGEMENT FEES ON SCHEDULE L, PART IV IS THE TOTAL MANAGEMENT FEE PAID BY THE COMMUNITY TO ERICKSON RETIREMENT COMMUNITIES, LLC. ALL SUCH OFFICER APPOINTMENTS ENDED ON APRIL 28, 2010 WHEN NEW OFFICERS WERE APPOINTED. AT THAT TIME, NO EMPLOYEES OF THE MANAGEMENT COMPANY WERE APPOINTED AS OFFICERS OF THE ORGANIZATION. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (19 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DEBRA B. DOYLE, OFFICER, KEVIN KNOPF, OFFICER, J. BENJAMIN UNKLE, OFFICER, AND JEFFREY A. JACOBSON, OFFICER, HAVE A BUSINESS RELATIONSHIP. THEY WERE OFFICERS ONLY FOR THE PERIOD JANUARY-APRIL 2010. | |
| FORM 990, PART VI, SECTION A, LINE 3 | EAGLE'S TRACE, INC. PREVIOUSLY CONTRACTED WITH ERICKSON RETIREMENT COMMUNITIES, LLC ("ERC") TO PROVIDE MANAGEMENT SERVICES WITH RESPECT TO THE CCRC FACILITY. ERC IS A MARYLAND LIMITED LIABILITY COMPANY WHICH OPERATED AND MANAGED LARGE SCALE CONTINUING CARE RETIREMENT COMMUNITIES. ERC FILED FOR BANKRUPTCY PROTECTION IN OCTOBER 2009. THE SALE OF ERC'S ASSETS WAS CONDUCTED BY A COMPETITIVE AUCTION PROCESS THROUGH THE BANKRUPTCY COURT. ON APRIL 30, 2010, EAGLE'S TRACE, 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 NEW MANAGEMENT AGREEMENT INCLUDES (WITHOUT LIMITATION) PROVISIONS WHICH PERMIT EAGLE'S TRACE, INC. TO REVIEW AND RENEGOTIATE MANAGEMENT FEES WITH THE MANAGEMENT COMPANY AFTER YEAR THREE AND YEAR SEVEN, RESPECTIVELY, IF THE MANAGEMENT FEES BEING PAID UNDER THE NEW MANAGEMENT AGREEMENT DEVIATE FROM MARKET (AS DEFINED IN THE AGREEMENT) AT SUCH TIME. THE MANAGEMENT AGREEMENTS IS FOR A TERM OF TEN YEARS. EAGLE'S TRACE, INC. MAY TERMINATE THE NEW MANAGEMENT AGREEMENT IF CERTAIN OBJECTIVE PERFORMANCE CRITERIA ARE NOT MET. IN ADDITION TO A NEW MANAGEMENT AND MARKETING AGREEMENT, EAGLE'S TRACE, INC. ALSO ENTERED INTO A NEW MASTER LEASE AND USE AGREEMENT, A NEW AMENDED AND RESTATED COMMUNITY LOAN AGREEMENT AND NOTE, A NEW WORKING CAPITAL LOAN AGREEMENT AND NOTE, AND A SUBORDINATION AGREEMENT (HEREINAFTER COLLECTIVELY REFERRED TO AS THE ("NEW AGREEMENTS"). WHILE THE MATERIAL TERMS OF THE NEW AGREEMENTS WERE DETERMINED THROUGH THE COMPETITIVE AUCTION PROCESS, WHICH PROCESS WAS APPROVED BY THE BANKRUPTCY COURT, THE PARTIES ALSO ENGAGED IN EXTENSIVE NEGOTIATIONS DURING THE THREE MONTH PERIOD PRECEDING THE APRIL 30, 2010 SALE TO FINALIZE THE NEW AGREEMENTS. AN IMPORTANT OUTCOME OF THE ERC BANKRUPTCY PROCEEDING, THE AUCTION, AND THE SALE OF ERC'S ASSETS WAS THE ELIMINATION OF THE CONSTRUCTION DEBT THAT HAD ENCUMBERED THE REAL ESTATE COMPRISING THE ORGANIZATION'S FACILITY. MASTER LEASE AND USE AGREEMENT THE ORGANIZATION LEASES ITS CAMPUS FROM A THIRD PARTY. REDWOOD-ERC HOUSTON CAMPUS, L.L.C. (HEREINAFTER "HOUSTON CAMPUS") WAS FORMED BY ERICKSON LIVING HOLDINGS, LLC FOR THE INTENDED PURPOSE OF ACQUIRING THE CAMPUS LEASED BY THE ORGANIZATION AS PART OF THE ERC BANKRUPTCY. ONCE THE ACQUISITION WAS COMPLETED, THE ORGANIZATION ENTERED INTO A NEW MASTER LEASE AND USE AGREEMENT (HEREINAFTER THE "LEASE") WITH HOUSTON CAMPUS. PLEASE NOTE THAT ALL RIGHTS OF THE RESIDENTS, INCLUDING THEIR RIGHT TO RESIDE IN THEIR UNITS AND THEIR RIGHT TO A REFUND OF THEIR ENTRANCE DEPOSITS, ARE PRESERVED IN THE LEASE VIA A NON-DISTURBANCE AGREEMENT. ADDITIONALLY, HOUSTON CAMPUS IS REQUIRED TO IMPOSE THIS NON-DISTURBANCE AGREEMENT ON ANY FUTURE LENDER FOR FINANCING OF THE PROPERTY AND FACILITY. THIS IS AN EXPANSION OF THE PROTECTION AFFORDED RESIDENTS IN THE PRIOR LEASE, AS IT ENSURES THAT, UNLESS THE RESIDENT IS IN BREACH OF HIS/HER RESIDENCE AND CARE AGREEMENT, THE RESIDENT WILL NOT LOSE HIS/HER RIGHT TO OCCUPY HIS/HER UNIT OR THE RIGHT TO AN ENTRANCE DEPOSIT REFUND AS A RESULT OF A DEFAULT UNDER THE LEASE OR UNDER ANY FUTURE FINANCING. IF THE LEASE IS TERMINATED, HOUSTON CAMPUS ASSUMES THE RESPONSIBILITY TO PROVIDE NECESSARY SERVICES AND TO REFUND ENTRANCE DEPOSITS TO THE RESIDENTS AS SET FORTH IN THE RESIDENCE AND CARE AGREEMENT. THIS IS A SIGNIFICANT IMPROVEMENT IN THE PROTECTION OF THE RESIDENTS. THE PREVIOUS MASTER LEASE ONLY PROTECTED THE RESIDENTS' RIGHT TO OCCUPY THEIR UNITS. NOW ALL RESIDENT RIGHTS UNDER THE RESIDENCE AND CARE AGREEMENT ARE PROTECTED, INCLUDING THE RIGHT TO RECEIVE A REFUND. THE TERM OF THE LEASE IS 27.5 YEARS AND IS SUBJECT TO RENEWAL OPTIONS ON THE PART OF THE ORGANIZATION. THE ORGANIZATION HAS A PURCHASE OPTION AND HAS THE RIGHT TO MAKE AN OFFER TO PURCHASE THE PROPERTY AT ANY TIME DURING THE LEASE TERM. THE PURCHASE PRICE FORMULA UNDER THE PURCHASE OPTION WAS CHANGED BY REQUIRING A DETERMINATION OF THE FAIR MARKET VALUE OF THE PREMISES. THE FAIR MARKET VALUE IS DETERMINED AT THE TIME OF PURCHASE BY AN INDEPENDENT APPRAISER BASED ON A FORMULA CONTAINED IN THE LEASE. AMENDED AND RESTATED COMMUNITY LOAN AGREEMENT THE AMENDED AND RESTATED COMMUNITY LOAN AGREEMENT INCLUDES NEW PROVISIONS WHICH BENEFIT THE ORGANIZATION AND THE RESIDENTS. FOR EXAMPLE, ONE NEW SECTION PROVIDES THAT, IN THE EVENT THE MASTER LEASE IS TERMINATED FOR ANY REASON, THE BORROWER (I.E., HOUSTON CAMPUS) ASSUMES EAGLE'S TRACE, INC.'S OBLIGATIONS UNDER THE RESIDENCE AND CARE AGREEMENTS. ALTHOUGH THE OUTSTANDING BALANCE OF THE PREPETITION COMMUNITY LOAN DUE TO EAGLE'S TRACE, INC. COULD HAVE BEEN DISCHARGED, THAT BALANCE WAS REINSTATED IN FULL AS PART OF ERC'S BANKRUPTCY PROCEEDING AND IT REMAINS AS AN OBLIGATION DUE TO EAGLE'S TRACE, INC. EAGLE'S TRACE, INC. ENTERED INTO IN A NEW AGREEMENT IN CONNECTION WITH THE AMENDED AND RESTATED COMMUNITY LOAN AGREEMENT, A SUBORDINATION AGREEMENT BETWEEN THE ORGANIZATION AND REDWOOD-ERC PROPERTIES, L.L.C. THE SUBORDINATION AGREEMENT PROVIDES FOR THE RELATIVE PRIORITY OF THE PRE AND POST PETITION COMMUNITY LOAN OBLIGATIONS. THE ORGANIZATION REPRESENTED IN ITS APPLICATION FOR EXEMPTION THAT IT WOULD SUBMIT THE MANAGEMENT AGREEMENT TO A COMPETITIVE BIDDING PROCESS ON A REGULAR SCHEDULE. THE BOARD HAS MODIFIED ITS POLICY WITH RESPECT TO GOING OUT TO BID FOR THE MANAGEMENT AGREEMENT. THIS FOLLOWED AN EXHAUSTIVE COMPETITIVE BIDDING PROCESS THAT WAS CONDUCTED IN 2008 BY A RELATED ORGANIZATION. THE PROCESS TOOK ALMOST A FULL YEAR TO COMPLETE AT A COST IN EXCESS OF $100,000 AND ONLY THREE MANAGEMENT COMPANIES WERE INTERESTED IN BIDDING. GIVEN THE AMOUNT OF TIME AND MONEY SPENT ON THE COMPETITIVE PROCUREMENT PROCESS BY A RELATED ORGANIZATION AND THE END RESULT, THE BOARD OF DIRECTORS DECIDED THAT CONDUCTING A MANDATORY COMPETITIVE PROCUREMENT PROCESS ON A PREDETERMINED SCHEDULE WAS NOT NECESSARILY THE BEST METHOD OF PROCURING A MANAGEMENT COMPANY. THEREFORE, ON JANUARY 29, 2009, THE POLICY REQUIRING A COMPETITIVE PROCUREMENT PROCESS WAS REVISED BY THE ORGANIZATION'S BOARD OF DIRECTORS FOR THE REASONS SET FORTH IN THE PRIOR PARAGRAPH. THE RESOLUTION ADOPTED BY THE ORGANIZATION'S BOARD OF DIRECTORS TO AMEND THE MANAGEMENT COMPANY PROCUREMENT PROCESS REAFFIRMED THE ORGANIZATION'S POLICIES THAT ANY RENEWAL, RENEGOTIATION OR AMENDMENT OF THE MANAGEMENT COMPANY AGREEMENT RELATING TO THE COMPENSATION OF THE MANAGEMENT COMPANY OR ANY SUCCESSOR MANAGEMENT COMPANY: (1) WILL COMPLY WITH IRS REGULATIONS IN SUPPORT OF IRC SECTION 4958; AND (2) WILL BE NEGOTIATED ON AN ARMS-LENGTH BASIS. THE RESOLUTION FURTHER PROVIDED THAT THE BOARD WILL DETERMINE WHEN, IF AT ALL, IT IS IN THE BEST INTERESTS OF THE ORGANIZATION TO ENGAGE IN A PROCUREMENT PROCESS WITH RESPECT TO ENGAGING MANAGEMENT COMPANY SERVICES IN THE FUTURE. A COMPETITIVE BIDDING PROCESS WAS HELD IN DECEMBER 2009 UNDER THE BANKRUPTCY COURT PROCEEDING WHEREBY A COMPETITIVE BIDDING PROCESS WAS USED TO DETERMINE THE PURCHASER OF THE ASSETS OF ERC. THE MATERIAL TERMS OF THE NEW MANAGEMENT AGREEMENT WERE DETERMINED THROUGH THE COMPETIVE AUCTION PROCESS, WHICH PROCESS WAS APPROVED BY THE BANKRUPTCY COURT, THE PARTIES ALSO ENGAGED IN EXTENSIVE NEGOTIATIONS DURING THE THREE MONTH PERIOD PRECEDING THE APRIL 30, 2010 SALE TO FINALIZE THE NEW AGREEMENT. | |
| FORM 990, PART VI, SECTION A, LINE 4 | EAGLE'S TRACE, INC. ADOPTED BYLAWS AMENDMENTS IN 2009 WHEREBY MOST OF THE RESERVED POWERS OF THE SOLE MEMBER WERE ELIMINATED. ADDITIONALLY, EAGLE'S TRACE, INC. AMENDED ITS ARTICLES OF INCORPORATION (CHARTER) IN 2009 TO ADD A PROVISION AUTHORIZED BY SECTION 2-104 OF THE CORPORATIONS & ASSOCIATIONS ARTICLE OF THE MARYLAND ANNOTATED CODE. | |
| FORM 990, PART VI, SECTION A, LINE 6 | EAGLE'S TRACE, INC.'S SOLE MEMBER IS NATIONAL SENIOR CAMPUSES, INC. ("NSC"). NSC IS A MARYLAND NON-STOCK CORPORATION. AT THE CURRENT TIME, NSC HAS FILED AN APPLICATION FOR RECOGNITION OF EXEMPTION WITH THE INTERNAL REVENUE SERVICE, AS A "SUPPORTING ORGANIZATION" WITH RESPECT TO EAGLE'S TRACE, INC., 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 | NATIONAL SENIOR CAMPUSES, INC. HAS THE RIGHT TO APPOINT AND ELECT ALL DIRECTORS. | |
| 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. | |
| EAGLE'S TRACE, INC.'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, EMPLOYEES AND VOLUNTEERS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER EAGLE'S TRACE, 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 12C | |
| 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 EAGLE'S TRACE, 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 EAGLES TRACE 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 B, LINE 15 | |
| THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EXECUTIVE DIRECTOR'S OFFICE. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | TALON BAR NET LOSS INCLUDED ON CONSOLIDATED FINANCIAL STATEMENTS -425. TOTAL TO FORM 990, PART XI, LINE 5: -425. | FORM 990, PART XI, LINE 5: |
| THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. | FORM 990, PART XII, LINE 2C | |
| 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. | ||
| FORM 990, PART VI, LINE 9 THE BOARD OF DIRECTORS AS LISTED IN PART VII, SECTION A, CAN BE REACHED AT THE FOLLOWING ADDRESS: C/O BOARD RELATIONS MANAGER NATIONAL SENIOR CAMPUSES, INC. 701 MAIDEN CHOICE LANE BALTIMORE, MD 21228 | ||
| FORM 990, PART VII - BOARD OF DIRECTORS COMPENSATION THE COMPENSATION PAID BY RELATED ENTITIES FOR EACH DIRECTOR IS AS FOLLOWS: INDIVIDUAL: RODNEY M. COE ORGANIZATION COMPENSATION NATIONAL SENIOR CAMPUSES, INC. $ 10,000 SEABROOK VILLAGE, INC. $ 38 CEDAR CREST VILLAGE, INC. $ 38 MARIS GROVE, INC. $ 38 LINDEN PONDS, INC. $ 38 SEDGEBROOK, INC. $ 6,503 ANN'S CHOICE, INC. $ 38 FOX RUN VILLAGE, INC. $ 6,503 TALLGRASS CREEK, INC. $ 11,816 HIGHLAND SPRINGS, INC. $ 11,816 EAGLE'S TRACE, INC. $ 11,814 WIND CREST, INC. $ 11,816 MONARCH LANDING, INC. $ 6,503 ASHBY PONDS, INC. $ 39 ---------- INDIVIDUAL SUB-TOTAL $ 77,000 INDIVIDUAL: HAROLD ASHBY ORGANIZATION COMPENSATION NATIONAL SENIOR CAMPUSES, INC. $ 37,500 SEABROOK VILLAGE, INC. $ 500 CEDAR CREST VILLAGE, INC. $ 500 MARIS GROVE, INC. $ 500 LINDEN PONDS, INC. $ 500 SEDGEBROOK, INC. $ 3,250 ANN'S CHOICE, INC. $ 500 FOX RUN VILLAGE, INC. $ 3,250 TALLGRASS CREEK, INC. $ 2,938 HIGHLAND SPRINGS, INC. $ 2,938 EAGLE'S TRACE, INC. $ 2,936 WIND CREST, INC. $ 2,938 MONARCH LANDING, INC. $ 3,250 ASHBY PONDS, INC. $ 500 ---------- INDIVIDUAL SUB-TOTAL $ 62,000 INDIVIDUAL: JAMES P. HAYES ORGANIZATION COMPENSATION NATIONAL SENIOR CAMPUSES, INC. $ 10,000 SEABROOK VILLAGE, INC. $ 38 CEDAR CREST VILLAGE, INC. $ 38 MARIS GROVE, INC. $ 38 LINDEN PONDS, INC. $ 38 SEDGEBROOK, INC. $ 14,003 ANN'S CHOICE, INC. $ 39 FOX RUN VILLAGE, INC. $ 14,003 TALLGRASS CREEK, INC. $ 6,191 HIGHLAND SPRINGS, INC. $ 6,191 EAGLE'S TRACE, INC. $ 6,190 WIND CREST, INC. $ 6,190 MONARCH LANDING, INC. $ 14,003 ASHBY PONDS, INC. $ 38 --------- INDIVIDUAL SUB-TOTAL $ 77,000 | ||
| INDIVIDUAL: STEVEN HUNSICKER ORGANIZATION COMPENSATION TALLGRASS CREEK, INC. $ 6,688 HIGHLAND SPRINGS, INC. $ 6,688 EAGLE'S TRACE, INC. $ 6,686 WIND CREST, INC. $ 6,688 --------- INDIVIDUAL SUB-TOTAL $ 26,750 INDIVIDUAL: ZINA JACQUE ORGANIZATION COMPENSATION SEDGEBROOK, INC. $ 7,417 FOX RUN VILLAGE, INC. $ 7,417 MONARCH LANDING, INC. $ 7,416 --------- INDIVIDUAL SUB-TOTAL $ 22,250 INDIVIDUAL: MICHAEL ROSKIEWICZ ORGANIZATION COMPENSATION SEDGEBROOK, INC. $ 7,417 FOX RUN VILLAGE, INC. $ 7,417 MONARCH LANDING, INC. $ 7,416 --------- INDIVIDUAL SUB-TOTAL $ 22,250 | ||
| INDIVIDUAL: DAVID L. BURK ORGANIZATION COMPENSATION TALLGRASS CREEK, INC. $ 6,686 HIGHLAND SPRINGS, INC. $ 6,688 EAGLE'S TRACE, INC. $ 6,688 WIND CREST, INC. $ 6,688 --------- INDIVIDUAL SUB-TOTAL $ 26,750 INDIVIDUAL: BOONE POWELL, JR. ORGANIZATION COMPENSATION TALLGRASS CREEK, INC. $ 6,688 HIGHLAND SPRINGS, INC. $ 6,688 EAGLE'S TRACE, INC. $ 6,686 WIND CREST, INC. $ 6,688 --------- INDIVIDUAL SUB-TOTAL $ 26,750 | ||
| FORM 990, PART VII - BOARD OF DIRECTORS HOURS PER WEEK APPROXIMATE HOURS PER WEEK, BY ENTITY NSC OCV SBV GSV RWV CCV MGC LPH ACH BBV GFM LCC R. COE 6 0 1 0 0 1 1 1 1 0 0 0 H. ASHBY 30 0 0 0 0 0 0 0 0 0 0 0 J. HAYES 5 0 1 0 0 1 1 1 1 0 0 0 S. HUNSICKER 0 0 0 0 0 0 0 0 0 0 0 0 Z. JACQUE 0 0 0 0 0 0 0 0 0 0 0 0 M. ROSKIEWICZ 0 0 0 0 0 0 0 0 0 0 0 0 D. BURK 0 0 0 0 0 0 0 0 0 0 0 0 B. POWELL 0 0 0 0 0 0 0 0 0 0 0 0 M. TWERSKY 18 0 1 0 0 1 1 0 1 0 0 0 FRV TCK HSD ETH WCD APL SED MLN TWC WRC NSCF R. COE 1 2 2 2 2 1 1 1 0 0 0 H. ASHBY 0 0 0 0 0 0 0 0 0 0 0 J. HAYES 2 1 1 1 1 1 2 2 0 0 0 S. HUNSICKER 0 1 1 1 1 0 0 0 0 0 0 Z. JACQUE 2 0 0 1 0 0 2 2 0 0 0 M. ROSKIEWICZ 2 0 0 1 0 0 2 2 0 0 0 D. BURK 0 3 3 3 3 0 0 0 0 0 1 B. POWELL 0 1 1 1 1 0 0 0 0 0 0 M. TWERSKY 0 0 0 0 0 0 0 0 0 0 0 | ||
| MORTGAGES AND OTHER NOTES PAYABLE - PART X, LINE 23 THE ORGANIZATION ENTERED INTO A NEW WORKING CAPITAL LOAN AGREEMENT IN THE AMOUNT OF UP TO $2,700,000 TO FUND WORKING CAPITAL DEFICITS. THE NEW WORKING CAPITAL LOAN AGREEMENT PROVIDES THAT THE ORGANIZATION'S PAYMENT OBLIGATION MAY BE DEFERRED WITHOUT PENALTY TO ALLOW THE ORGANIZATION TO MAINTAIN CERTAIN REQUIRED CASH ON HAND UNTIL SUCH TIME AS IT IS ABLE TO RESUME MAKING PAYMENTS ON THE LOAN AND MEET THE REQUIREMENTS FOR CASH RESERVES (IF PAYMENT WOULD CAUSE THE ORGANIZATION TO FALL BELOW REGULATORY REQUIREMENTS FOR CASH RESERVES). ONE OF THE RESULTS ACHIEVED BY THE ORGANIZATION THROUGH ERC'S BANKRUPTCY PROCEEDING WAS THE ELIMINATION OF THE OUTSTANDING WORKING CAPITAL LOAN BALANCE OF APPROXIMATELY $ 37.1 MILLION OWED BY THE ORGANIZATION AS OF APRIL 30, 2010. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EAGLE'S TRACE HOME CARE LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 MAIDEN CHOICE LANE | AddressLine1 |
| City | BALTIMORE | City |
| State | MD | State |
| ZIP Code | 21228 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 753194292 | EIN |
| Primary Activities | HOME SUPPORT SERVICES | PrimaryActivities |
| Legal Domicile State | MD | LegalDomicileState |
| Total Income | 749818 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part II Form990ScheduleRPartII (23 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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 | |
| MONARCH LANDING INC | |||||||||||
| 2255 ERICKSON DRIVE | NAPERVILLE | IL | 60563 | 550878965 | CONTINUING CARE RETIREMENT COMMUNITY | MD | 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 | 0 | N/A | |
| NATIONAL SENIOR CAMPUSES FOUNDATION INC | |||||||||||
| 701 MAIDEN CHOICE LANE | BALTIMORE | MD | 21228 | 030611973 | FOUNDATION | MD | 501(C)(3) | LINE 11C, III-FI | 0 | N/A | |
| OAK CREST VILLAGE INC | |||||||||||
| 8800 WALTHER BOULEVARD | PARKVILLE | MD | 21234 | 521874053 | CONTINUING CARE RETIREMENT COMMUNITY | MD | 501(C)(3) | 9 | NATIONAL SENIOR CAMPUSES INC | 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 | |
| SEDGEBROOK INC | |||||||||||
| 800 AUDUBON WAY | LINCOLNSHIRE | IL | 60069 | 300192403 | 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 | |
| WINDCREST INC | |||||||||||
| 3235 MILL VISTA ROAD | HIGHLANDS RANCH | CO | 80129 | 510549976 | CONTINUING CARE RETIREMENT COMMUNITY | MD | 501(C)(3) | 9 | NATIONAL SENIOR CAMPUSES INC | 0 | |
| GRANT'S FARM MANOR COMMUNITY INC | |||||||||||
| 701 MAIDEN CHOICE LANE | BALTIMORE | MD | 21228 | 262505987 | CONTINUING CARE RETIREMENT COMMUNITY | MD | 501(C)(3) | 9 | NATIONAL SENIOR CAMPUSES INC | 0 | |
| LAUREL CHASE INC | |||||||||||
| 701 MAIDEN CHOICE LANE | BALTIMORE | MD | 21228 | 263542112 | CONTINUING CARE RETIREMENT COMMUNITY | MD | 501(C)(3) | 9 | NATIONAL SENIOR CAMPUSES INC | 0 | |
| TANGLEWOOD CREEK INC | |||||||||||
| 701 MAIDEN CHOICE LANE | BALTIMORE | MD | 21228 | 262708615 | CONTINUING CARE RETIREMENT COMMUNITY | MD | 501(C)(3) | 9 | NATIONAL SENIOR CAMPUSES INC | 0 | |
| WINDSOR RUN INC | |||||||||||
| 701 MAIDEN CHOICE LANE | BALTIMORE | MD | 21228 | 262255005 | 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 | |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE TALON BAR COMPANY | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 MAIDEN CHOICE LANE | AddressLine1 |
| City | BALTIMORE | City |
| State | MD | State |
| ZIP Code | 21128 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562500131 | EIN |
| Primary Activity | TO HOLD THE LIQUOR LICENSE FOR THE EAGLE'S TRACE RETIREMENT COMMUNITY | PrimaryActivity |
| Legal Domicile State | TX | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 53015 | ShareOfTotalIncome |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | SCHEDULE R, PART II, RELATED TAX-EXEMPT ORGANIZATIONS: ON NOVEMBER 23, 2010, SEDGEBROOK, INC. (EIN 30-0192403) CHANGED ITS NAME TO SB-LAKE, INC. AND MONARCH LANDING, INC. (EIN 55-0878965) CHANGED ITS NAME TO ML-DUPAGE, INC. | Explanation |