2011-11-29T18:02:31-06:00 2011-03-31 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 700 LOS ANGELES CA 900243783 990 2010-04-01 953862907 PACIFIC HOMES FOUNDATION PACI 8187298100 303 N GLENOAKS BOULEVARD NO 1000 BURBANK CA 91502 DEBBIE ROMPAL 8187298100 2011-11-15 1 LIOR TEMKIN 3104773924 2011-11-15 2010 2016-02-24 21:20:13Z DEBBIE ROMPAL 303 N GLENOAKS BOULEVARD NO 1000 BURBANK CA 91502 4598556 0 X N/A X 1983 CA SUPPORT FRONT PORCH, A 501(C)(3) CORPORATION 8 8 0 0 0 0 541891 2007585 0 0 131563 406565 0 0 673454 2414150 0 615198 0 0 0 0 0 0 1580 805582 93225 805582 708423 -132128 1705727 8079377 10224209 1169104 1095056 6910273 9129153 PROVIDE FINANCIAL SUPPORT TO THE RESIDENTS IN THE RETIREMENT COMMUNITIES FORMERLY OWNED BY PACIFIC HOMES AND NOW OWNED BY FRONT PORCH (A NON PROFIT CORPORATION). 0 0 366613 366613 PROVIDE FINANCIAL SUPPORT TO RESIDENTS IN THE RETIREMENT COMMUNITIES FORMERLY OWNED BY PACIFIC HOMES AND NOW OWNED BY FRONT PORCH. 83492 83492 CAPITAL PROJECTS FOR RETIREMENT COMMUNITIES FORMERLY OWNED BY PACIFIC HOMES AND NOW OWNED BY FRONT PORCH (A NON PROFIT CORPORATION) 165093 165093 OTHER FINANCIAL SUPPORT AND SCHOLARSHIPS 615198 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X ROY HAUGEN 8187298100 303 N GLENOAKS BOULEVARD SUITE 1000 BURBANK CA 91502 X MARY KELLER 0.50 X X 0 0 0 MORT SWALES 1.00 X X 0 0 0 STEVE CONNOR 0.50 X 0 0 0 DR GEORGE GERRODETTE 0.50 X 0 0 0 HOWARD HUDSON 0.50 X 0 0 0 ANN LAWRENCE 0.50 X 0 0 0 RICHARD OXFORD 0.50 X 0 0 0 JAMES POLAK 0.50 X 0 0 0 ROY S HAUGEN 5.00 X 0 0 0 JOE BUTLER 0.50 X 0 0 0 0 0 0 0 0 0 0 0 2007585 51000 2007585 136162 136162 2454809 2184406 270403 270403 270403 2414150 0 0 406565 615198 615198 61966 61966 4843 4843 21745 21745 BOARD EXPENSE 2120 2120 PROMOTIONAL MATERIALS 868 868 TAXES AND LICENSES 103 103 1580 1580 708423 615198 91645 1580 281874 333897 160267 1530924 6841012 7457814 791897 886020 4327 15554 8079377 10224209 21500 60155 1147604 1034901 1169104 1095056 X 3051339 3708589 2628433 4077331 1230501 1343233 6910273 9129153 8079377 10224209 X 1705727 513153 X 0 1 1 X 0 X 298893 606524 594846 541891 2007585 4049739 298893 606524 594846 541891 2007585 4049739 99117 3950622 142252 151507 181361 162011 136162 773293 4823032 0.81910 0.65030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1301335 18609 174252 1494196 954460 5880 340995 1301335 1422172 12683 -472683 7712 954460 0.00000 1.00000 0.00000 0 0 0 BENEFICIAL INTEREST IN PERPETUAL TRUST 886020 F 886020 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 1034901 1034901 2414150 708423 1705727 503191 9962 513153 2218880 3120784 503192 193480 9962 706634 2414150 0 2414150 901904 193480 193480 708424 0 708424 PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS FASB ASC TOPIC NO. 740, ADOPTION: THE FOUNDATION IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE BASIC FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE FOUNDATION HAS ADOPTED FASB ASC TOPIC NO. 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." ASC TOPIC NO. 740 ("ASC 740") CLARIFIES THE UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH FASB STATEMENTS NO. 109, "ACCOUNTING FOR INCOME TAXES," AND PRESCRIBES A RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION OF TAX BENEFITS, CLASSIFICATION ON THE BALANCE SHEET, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE FOUNDATION HAS DETERMINED THAT THE ADOPTION OF ASC 740 DID NOT RESULT IN THE RECOGNITION OF ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS AND THAT THERE ARE NO UNRECOGNIZED TAX BENEFITS THAT WOULD, IF RECOGNIZED, AFFECT THE EFFECTIVE TAX RATE. AS OF MARCH 31, 2011, THE OPEN TAX YEARS FOR THE FOUNDATION WERE 2006 TO 2010. 0 FRONT PORCH 303 N GLENOAKS BOULEVARD SUITE 1000 BURBANK CA 91502 954538269 501(C)(3) 615198 SEE PART IV FOR COLUMN (H) DESCRIPTIONS:TO SUPPORT HOUSING, CARE, AND OTHER SERVICES FOR THE RESIDENTS OF KINGSLEY MANOR, CLAREMONT MANOR, CASA DE MANANA, WESLEY PALMS, FREDERICKA MANOR AND WALNUT VILLAGE COMMUNITIES. 1 X PIANO 1 39000 FAIR MARKET VALUE X LAND 1 12000 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 TAX RETURN IS PREPARED BY OUTSIDE CPA FIRM. ONCE ALL BOARD MEMBERS APPROVE THE RETURN, IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE CHAIRPERSON OF THE BOARD STATES THAT SHE HAS NOT RECEIVED NOTICES OF CONFLICTS FROM OTHER BOARD MEMBERS AND/OR OFFICERS AND IT IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 503,191. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 9,962. TOTAL TO FORM 990, PART XI, LINE 5: 513,153.