2011-07-26T18:01:47-05:00 2010-10-31 EIDE BAILLY LLP 1850 N CENTRAL AVENUE SUITE 400 PHOENIX AZ 850044527 990 2009-11-01 860521061 ARIZONA RETIREMENT CENTERS INC ARIZ 6239720212 17300 N 88TH AVE PEORIA AZ 85382 Kathleen Crowley 6239720212 2011-07-20 1 Joshua P Hayes 6022645844 2011-07-15 2009 2016-02-24 21:20:13Z Sierra Winds Michael F Mitchum 17300 N 88TH AVE PEORIA AZ 85382 21195807 0 X www.sierrawinds.com X 1984 AZ Operate and maintain a life care retirement center. 7 7 263 36 0 0 18084 0 11337259 11798168 385692 347298 172663 0 11913698 12145466 0 0 5177471 5338183 0 0 6513640 6475636 11691111 11813819 222587 331647 34002497 33699595 51934038 51155681 -17931541 -17456086 The mission of Sierra Winds is to provide the facilities, programs and services which will promote the highest degree of comfort, security, independence, and life satisfaction for its residents. Sierra Winds is committed to the belief that the retirement years can be the most fulfilling years of life; therefore, all goals and objectives are dedicated to enhance the quality of life during these years. 0 0 8074322 11798168 The organization provides services for 240 apartment residents, 40 skilled nursing care residents and 30 personal care residents. 8074322 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 44 0 1 263 1 0 0 0 0 0 0 0 0 0 7 7 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 0 0 0 AZ X Sally Williams 6239720212 17300 North 88th Avenue Peoria AZ 85382 Kathleen Crowley 4.00 X X 0 0 0 Thomas Douglas 3.00 X X 0 0 0 Cathy Ross 4.00 X X 0 0 0 Donna Moore 4.00 X X 0 0 0 William Aaron 3.00 X 0 0 0 Sally Agena 3.00 X 0 0 0 Larry Mitchell 3.00 X 0 0 0 Michael F Mitchum 40.00 X 0 0 0 Sally Williams 40.00 X 61755 0 7421 Victoria Welton 40.00 X 101666 0 6407 163421 0 13828 1 0 0 0 Life Care Services LLC 400 Locust Street ste 820 Des Moines IA 50309 Management Services 898179 Killeen Therapy Services 19047 N 76TH AVE Glendale AZ 85308 Therapy Provider 422650 Weitz Company LLC 5555 E Van Buren St Phoenix AZ 85008 Construction services 264761 Morrison Senior Dining 4721 Morrison Drive Suite 300 Mobile AL 36625 Food Service Management 243922 Glynndevins Marketing 11230 College Blvd Ste 120 Overland Park KS 66210 Advertising Services 108646 5 Retirement Center 623000 6909921 6909921 Healthcare Center 621400 2790946 2790946 Resident Entrance Fees 900099 2080248 2080248 Other Revenue 900099 17053 17053 11798168 369137 369137 9028002 500 8998565 51776 29437 -51276 -21839 -21839 12145466 11798168 0 347298 63274 47456 15818 4517212 3795368 721844 356059 315657 40402 401638 362445 39193 397267 397267 1715 1715 42042 42042 36437 36437 181966 181966 344236 242371 101865 27925 27925 758112 758112 69626 64495 5131 48942 44576 4366 1932756 1932756 805270 805270 201090 201090 Food Service 963986 963986 Medical Supplies 582638 582638 Miscellaneous 81628 55511 26117 11813819 8074322 3739497 0 205864 106202 1305117 950411 84874 78704 163772 166674 30697071 14470353 16389184 16226718 14014062 14329636 1839624 1841250 34002497 33699595 522988 705749 19683701 19794989 30075000 29505000 1239500 746000 412849 403943 51934038 51155681 X -17931541 -17456086 -17931541 -17456086 34002497 33699595 X 0 1 0 X 0 X 50660 11316 39389 18084 119449 10398962 10619834 10643700 11337259 11798168 54797923 10449622 10631150 10683089 11355343 11798168 54917372 0 73803 654086 727889 73803 654086 727889 54189483 669528 968798 756954 394658 369137 3159075 669528 968798 756954 394658 369137 3159075 11119150 11599948 11440043 11750001 12167305 58076447 0.93310 0.94150 0.05440 0.05720 X 0 1 4446473 4446473 21118790 10763302 10355488 792268 354805 437463 3793131 3090846 702285 546409 261400 285009 16226718 Deferred Bond Costs (net) 949559 Economic Interest in Foundation 885025 Interest Receivable 6666 1841250 Accrued Interest 403943 403943 12145466 11813819 331647 143808 143808 475455 12289274 143808 143808 12145466 0 12145466 11813819 0 11813819 0 11813819 Part IV, Line 1b: The organization holds funds in trust on behalf of its residents. Part X: Description of Uncertain Tax Positions Under FIN 48: Sierra Winds has adopted the provisions of FASB Accounting Standards Codification Topic ASC 740-10 (previously Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes), on November 1, 2009. The implementation of this standard had no impact on the consolidated financial statements. As of both the date of adoption, and as of October 31, 2010, the unrecognized tax benefit accrual was zero. Sierra Winds will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Center is no longer subject to Federal examinations by tax authorities for years before 2007 and state examinations for years before 2006. Form 990, Part VI, Section A, line 3 The Organization has a management agreement with Life Care Services Corporation to provide management services related to the operation of the Organization. This includes management fees, marketing fees, and reimbursement of the compensation and related costs for specified employees. Form 990, Part VI, Section B, line 11 The return is reviewed by the Executive Director, Director of Accounting and Board President prior to the return being filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers only the members of the Board of Directors. Any director with a conflict is asked to resign from the Board of Directors or discontinue the conflict. The organization also has a Corporate Compliance committee. Form 990, Part VI, Line 15: Life care Services, the management company, consults with the board members regarding performance of the Executive Director to help determine compensation. Life Care Services determines compensation based on comparative data, years of experience and performance. Form 990, Part VI, Section C, line 19 The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VI, Section A, Line 1a: The Executive Committee consists of President, Vice President, Secretary and Treasurer. According to Article V of the bylaws, the Executive Committee shall have and exercise such powers of the board of directors with respect to the conduct of such business of this corporation as shall be determined by the board of directors. The four individuals represent a quorum and can act on behalf of the governing body in an emergency. Sierra Winds Charitable Foundation 17300 N 88th Ave PL 2 Peoria AZ 85382 860908834 supporting organization AZ 501(C)(3) 11a N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1