Chairman

2011-11-15T12:17:43-06:00 2010-12-31 LarsonAllen LLP 2301 N Greenville Avenue Suite 150 Richardson TX 75082 990 2010-01-01 200709981 Longhorn Village LONG 5122665600 12501 Longhorn Pkwy Austin TX 78732 Leslie Cedar Chairman 5122665600 2011-11-14 1 Troy Langsdale 9726443167 2010 2016-03-07 17:11:31Z Leslie Cedar 12501 Longhorn Pkwy Austin TX 78732 7664644 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 3 183 0 0 0 0 0 1213281 7225381 529720 439263 0 0 1743001 7664644 0 0 0 0 1879484 4039100 0 0 0 8399467 16591867 10278951 20630967 -8535950 -12966323 204083223 170894720 217173569 196634390 -13090346 -25739670 X To market and operate property as a continuing care retirement community (CCRC). 1 0 14404405 7225381 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. 14404405 1 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 43 0 1 183 1 0 0 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 Robert Sullivant 5122665600 12501 Longhorn Pkwy Austin TX 78732 X Stephen Ballantyne Treasurer 1.00 X X 0 0 0 Bill McCausland Secretary 1.00 X X 0 0 0 Jim Boon Chairman 1.00 X X 0 0 0 Rudy Garza Director 1.00 X 0 0 0 0 0 0 0 0 0 0 Manhattan Construction Company 2120 Montrose Blvd Houston TX 77006 Building Construction 6048695 CRSALCS ManagementLLC Capital Square Des Moines IA 503092334 Management 511036 Harvey-Cleary Builders Inc 8107 Springdale Rd Suite 105 Austin TX 78724 Building Construction 370638 AETNA PO BOX 804735 Chicago IL 606804108 Employee health Insurance 338408 Summit Litho Inc 1807 SW Market Street Lees Summit MO 64082 Commercial Printing 251773 8 Resident Services 623990 4573724 4573724 Entrance Fee Amortizat 623000 2094891 2094891 Health Care Revenue 623990 439989 439989 Other Fees 623990 116777 116777 7225381 439263 439263 7664644 7225381 0 439263 3261177 2581279 679898 513717 121396 392321 264206 7233 256973 593700 238652 355048 329768 329768 3703791 89188 3614603 192376 192376 89985 21753 68232 11497 6896 4601 491755 491755 683895 683895 58646 13201 45445 11807 6355 5452 2751750 2751750 6323721 6323721 Supplies 593143 593143 Equipment & Repairs 376848 351273 25575 Miscellaneous 370048 117903 252145 Licenses & Permits 4620 495 4125 Uniforms 4517 4517 20630967 14404405 6226562 0 1303860 258828 4286994 2019736 3492 196943 2960665 4270371 28328 19352 294537 132536562 7603735 129431810 124932827 50790874 24009702 15277200 14892424 204083223 170894720 7051638 2426342 166330000 131209750 43791931 62998298 217173569 196634390 X -13090346 -25739670 -13090346 -25739670 204083223 170894720 X -12966323 316999 X X 0 1 1 X 0 X 656034 1213281 7225381 9094696 656034 1213281 7225381 9094696 0 0 0 9094696 529720 439263 968983 529720 439263 968983 656034 1743001 7664644 10063679 0.90370 0.77920 0.09630 0.22080 X 6899357 6899357 121762369 6343862 115418507 3874836 1259873 2614963 0 124932827 Bond Funds 24009702 F 24009702 Deferred Costs 14892424 14892424 Accrued Interest 212086 Entrance Fee Deposits 2028198 Deferred Revenue from Entrance Fees 57374801 Interest Rate Swaps 3383213 62998298 7664644 20630967 -12966323 316999 316999 -12649324 7981643 316999 316999 7664644 0 7664644 20630967 0 20630967 0 20630967 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 2008 to 2010 are open to examination by federal, local, and state authorities. Part XI, Line 8 - Other Adjustments: Change in Fair Value of Interest Rate 316,999. Part XII, Line 2d - Other Adjustments: Change in Fair Value of Interest Rate Swap 316,999. The Travis County Health Facilities Development Corporation 742251752 89439RAP9 2008-01-10 166330000 Complete Project 0 0 0 35120250 166330000 9477743 6119723 2000000 124033918 24698616 2010 0 0 1 1 0 0 1 0 1 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. New Program Services Form 990, Part III, line 2 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. 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 available for all board members to 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 316,999. Total to Form 990, Part XI, Line 5: 316,999. 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.