2011-11-15T13:11:19-05:00 2010-12-31 LANE GORMAN TRUBITT PLLC 2626 HOWELL STREET SUITE 700 DALLAS TX 752044064 990 2010-01-01 300097872 BUCKINGHAM SENIOR LIVING COMMUNITY INC BUCK 2146236116 8523 THACKERY STREET DALLAS TX 75225 Charles Brewer 2011-11-15 James R Smith 2148717500 2010 2016-02-24 21:20:13Z THE BUCKINGHAM CHARLES B BREWER 8523 THACKERY ST 8211 DALLAS TX 75225 54687233 false X http://www.buckinghamhouston.com/ X 2002 TX TO PROVIDE QUALITY RESIDENTIAL HOUSING FOR SENIOR CITIZENS ALONG WITH PERSONAL SERVICES, ASSISTED LIVING AND NURSING SERVICES. 3 2 279 55 0 0 0 0 19581966 20248433 770070 886724 623111 211906 20975147 21347063 0 0 0 0 7186300 7699978 0 0 0 15564493 15242500 22750793 22942478 -1775646 -1595415 115812197 113033883 150238587 149094751 -34426390 -36060868 TO PROVIDE QUALITY RESIDENTIAL HOUSING FOR SENIOR CITIZENS ALONG WITH PERSONAL SERVICES, ASSISTED LIVING AND NURSING SERVICES. false false 20072187 0 21347063 NURSING AND RETIREMENT FACILITY WITH SERVICES RANGING FROM INDIVIDUAL RETIREMENT LIVING TO 24-HOUR SKILLED NURSING CARE. 20072187 true false false false false false false true false true false false true true true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false false true X 20 0 true 279 true false false false false false false false false false false X 3 2 true false false false true true false true true false false true true true true true true true true false X X SHARON MISTRETTA 7139793080 8580 WOODWAY HOUSTON TX 77063 X CHARLES BREWER 2.0 X X 0 236301 5127 DANIEL DUKES 1.0 X 0 0 0 C SCOTT SYKES 2.0 X X 0 12000 0 JULIE FENSKE 50.0 X 174622 0 15049 CATHERINE SCHEMPF 45.0 X 117223 0 5037 291845 248301 25213 2 false true false GREYSTONE MANAGEMENT SERVICES CO 222 WEST LAS COLINAS BLVD STE 210 IRVING TX 75039 MANAGEMENT SERVICES 466236 LEGACY HEALTHCARE SERVICES INC PO BOX 951003 CLEVELAND OH 44193 THERAPY SERVICES 745145 G4S SECURE SOLUTIONS PO BOX 277469 ATLANTA GA 30384 SECURITY SERVICES 184062 TEXAS MECHANICAL MAINTENANCE PO BOX 631061 HOUSTON TX 77263 MAINTENANCE 240478 SENIOR QUALITY LIFESTYLES CORPORATI 8523 THACKERY ST STE 8211 DALLAS TX 75225 MANAGEMENT SERVICES 189176 8 0 RESIDENT SERVICES 623000 20248433 20248433 20248433 430609 430609 127158 127158 0 33669127 33340170 328957 328957 328957 0 0 0 MISCELLANEOUS 722100 50550 50550 VARIOUS RENTALS 531110 55086 55086 ACCOMMODATION 721000 40396 40396 65874 65874 211906 21347063 20460339 0 886724 0 0 0 0 0 0 0 0 189671 170704 18967 0 0 0 0 0 6010811 5409730 601081 0 0 0 0 0 1004675 904208 100467 0 494821 445339 49482 0 675635 0 675635 0 28020 25218 2802 0 75850 68265 7585 0 0 0 0 0 0 0 60094 54085 6009 0 1516084 1364476 151608 0 228053 205248 22805 0 855391 769852 85539 0 135682 122114 13568 0 0 0 0 0 1934821 1741339 193482 0 47758 42982 4776 0 0 0 0 0 885 0 885 0 3892043 3502839 389204 0 0 0 0 0 3699020 3329118 369902 0 134341 120907 13434 0 DINING 1192045 1192045 0 0 BUILDING & GROUND MAINTENANCE 393513 354162 39351 0 BAD DEBT EXPENSE 91342 0 91342 0 NURSING & ASSISTED LIVING 77634 77634 0 0 DUES & SUBSCRIPTIONS 13976 12578 1398 0 190313 159344 30969 0 22942478 20072187 2870291 0 5549493 5498563 640839 777798 1628037 1277570 19964 25250 212575 94712 96459541 12990769 85460398 83468772 15237818 16119171 7063073 5772047 115812197 113033883 2904271 2481663 75524065 76106375 71224871 70065210 240000 239500 345380 202003 150238587 149094751 X -34426390 -36060868 -34426390 -36060868 115812197 113033883 X -1595415 -39063 X false true true X false X 7647519 12814506 15299746 19581966 20248433 75592170 7647519 12814506 15299746 19581966 20248433 75592170 75592170 1198625 983906 819088 568833 557767 4128219 1198625 983906 819088 568833 557767 4128219 13500 2107275 2877475 623111 211906 5833267 8859644 15905687 18996309 20773910 21018106 85553656 0.88356 0.85157 0.04825 0.06261 X false true 12500000 12500000 79452121 11040404 68411717 0 0 0 2487668 958940 1528728 2019752 991425 1028327 83468772 ACCRUED INTEREST RECEIVABLE 126985 BOND ISSUANCE COSTS - NET 1205612 CONTRACT ACQUISITION COSTS 4197726 RESIDENT DEPOSITS 241724 5772047 0 RESIDENT DEPOSITS 121750 DUE TO SQLC 80253 202003 21347063 22942478 -1595415 -39063 -39063 -1634478 21247906 -39063 -39063 21286969 60094 60094 21347063 22882384 22882384 60094 60094 22942478 ESCROW AND CUSTODIAL ARRANGEMENTS SCHEDULE D, PART IV, LINE 2(a) The Organization requires future residents wishing to reserve space at the community to pay a deposit of 10% of the advance fee which will be required upon residency. The deposits are held in an interest-bearing account until residency is established at which time the resident pays the balance of the required entrance fee. The resident's deposit is restricted by the Texas Department of Insurance until the resident takes occupancy of an apartment. FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2 FOLLOWING IS THE TEXT FROM THE FOOTNOTES OF THE ORGANIZATION'S FINANCIAL STATEMENTS: The Organization is a nonprofit organization and is exempt from federal income tax under Section 501(c)(3) of the IRC. For the years ended December 31, 2010 and 2009, the Organization had no material unrelated business income. Accordingly, no provision for federal income tax has been made in the accompanying financial statements. Accounting principles generally accepted in the United States of America ("GAAP") require the evaluation of tax positions taken or expected to be taken in the course of preparing the Organization's tax returns to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more likely than not threshold would be recorded as a tax benefit or expense in the current year. A reconciliation is not provided herein, as the beginning and ending amounts of unrecognized benefits are zero, with no interim additions, reductions, or settlements. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. The Organization's informational returns filed in the U.S. federal jurisdiction are generally subject to examination for three years after the later of the due date or date of filing. As a result, the Organization is no longer subject to income tax examinations by tax authorities for years prior to 2007. true false false false false true true false false CHARLES BREWER 0 183801 0 52500 0 0 0 0 0 5127 0 241428 0 0 JULIE FENSKE 145662 0 28960 0 0 0 0 0 15049 0 189671 0 0 0 COMPENSATION OF MANAGEMENT FORM 990, SCHEDULE J, PART II, LINES 6(A) & 6(B) The Executive Directors and Associate Executive Directors participate in a bonus plan based on the earnings performance of their respective community, as well as a portion related to SQLC efforts. The bonus plan is only applicable to operating communities. OFFICERS AND EMPLOYEES OF SENIOR QUALITY LIFESTYLES CORPORATION ARE ELIGIBLE FOR A SIMILAR BONUS PLAN WHICH WOULD BE REPORTED AS EARNINGS FROM A RELATED ORGANIZATION. COMPENSATION OF THE EXECUTIVE DIRECTOR FORM 990, SCHEDULE J, PART II The Executive Director and other key employees are paid through the related supporting organization, Senior Quality Lifestyles Corporation (EIN: 36-4502669). However, their Form W2s are issued through a third-party professional employer organization, Merit Resources, Inc. (EIN: 42-1368750). TARRANT CTNY CULTURAL EDUC FACILITIES FIN CORP 043833551 87638RCH8 2007-08-09 71351739 Refund 2004 bond issue false false false 1115000 0 98154953 5332037 0 52911520 1420979 0 0 0 39361935 0 false true false true false false false false true true false true false false false false ADDITIONAL PROCEEDS SCHEDULE K, PART II, LINE 3 PROCEEDS OF THE ISSUE ON PART II, LINE 3 INCLUDE INVESTMENT PROCEEDS IN ADDITION TO THE SALES PROCEEDS OF THE ISSUE REPORTED IN PART I, COLUMN (E). EMPLOYEES REPORTED THROUGH OUTSOURCED PROFESSIONAL EMPLOYER ORGANIZATION FORM 990, PART V, LINE 2(A) The organization did not issue Form W2s directly. THE INDIVIDUALS THAT COMPRISE THE TOTAL LISTED ON LINE 2(A) ARE CONSIDERED EMPLOYEES OF THE ORGANIZATION FOR THE PURPOSES OF PART V. HOWEVER, THE ORGANIZATION UTILIZES A PROFESSIONAL EMPLOYER ORGANIZATION, MERIT RESOURCES, INC. (EIN: 42-1368750), WHICH IS THE EMPLOYER OF RECORD, ISSUES ALL W-2S AND ACTS AS AN OUTSOURCED HUMAN RESOURCES PAYROLL DEPARTMENT FOR THE ORGANIZATION. BUSINESS RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD MEMBERS MAINTAIN A BUSINESS RELATIONSHIP WITH EACH OTHER DUE TO COMMON PARTICIPATION AS OFFICERS OR DIRECTORS OF VARIOUS OTHER RELATED NOT-FOR-PROFIT ENTITIES BY WHICH ONE OR MORE OF THE INDIVIDUALS IS COMPENSATED: CHARLES B. BREWER C. SCOTT SYKES MANAGEMENT COMPANY FORM 990, PART VI, SECTION A, LINE 3 Greystone Management is an unrelated business organization engaged by the Board of Directors of Buckingham Senior Living Community, Inc. to provide management services. Management duties include hiring and recruiting qualified personnel, preparing annual operating budget for submission to the Board of Directors, and assisting in the preparation of monthly and annual financial reporting disclosures. The Board of Directors have final authority over the approval of the annual operating budget, approval of monthly and annual financial reporting disclosures, and oversight of the management company. CORPORATE MEMBER FORM 990, PART VI, SECTION A, LINE 6 and 7(a) SENIOR QUALITY LIFESTYLES CORPORATION ("SQLC") IS THE SOLE MEMBER OF THE ORGANIZATION. SQLC acts as a supporting organization, providing oversight, direction, and governance support, and will make grants and/or provide other forms of financial assistance as needed. SQLC, as the sole member, has authority to elect board members of the Organization. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 The Board Members of BUCKINGHAM SENIOR LIVING COMMUNITY, INC. and Greystone Communities, the management company, review the Form 990 upon completion. The board review and approval of the Form 990 is completed prior to filing. COMPENSATION REVIEW OF MANAGEMENT FORM 990, PART VI, SECTION B, LINE 15 THE CEO OF SENIOR QUALITY LIFESTYLES CORPORATION, ALONG WITH THE MANAGEMENT COMPANY, GREYSTONE, AND MERIT, AN INDEPENDENT PAYROLL PROCESSOR, SET THE SALARY FOR THE EXECUTIVE DIRECTOR. BOTH GREYSTONE AND MERIT PROVIDE COMPARATIVE SALARY DATA. THE EXECUTIVE DIRECTOR, GREYSTONE REGIONALS, AND MERIT SET OTHER TOP MANAGEMENT RATES BASED ON MARKET WAGES AND YEARS OF EXPERIENCE. DOCUMENTS AVAILABLE TO PUBLIC FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED TO NATIONALLY Recognized ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA) AND ALSO MADE AVAILABLE IN THE LIBRARY OF THE COMMUNITY FOR VIEWING BY RESIDENTS OR AVAILABLE UPON REQUEST BY PROSPECTIVE RESIDENTS. THE 990 IS ALSO MADE AVAILABLE IN THE LIBRARY OF THE COMMUNITY AND ALSO BY REQUEST. ANY ADDITIONAL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. TOP MANAGEMENT AND FINANCIAL OFFICIAL FORM 990, PART VII The executive director is the top management OFFICIAL AND TOP FINANCIAL official. Per the form instructions, THE TOP MANAGEMENT AND FINANCIAL OFFICIALS ARE deemed to be officerS. CONFLICT OF INTEREST POLICY ENFORCEMENT AND MONITORING FORM 990, PART VI, SECTION B, LINE 12(C) Annually the conflict of interest policy is reviewed during a board meeting, in addition to having the necessary individuals sign the disclosure statement on an annual basis. It is the expectation that management staff (community and corporate) in addition to the Management Company will bring any questionable activity to the attention of the board or AN officer. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAINS/LOSSES ON INVESTMENTS CARRIED AT MARKET VALUE TOTAL ($39,063) FOR THE YEAR. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CHARLES BREWER TITLE:CHAIRPERSON HOURS:47 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:C. SCOTT SYKES TITLE:TREASURER HOURS:6 NORTHWEST SENIOR HOUSING CORPORATION 8523 THACKERY STREET 8211 DALLAS TX 75225 752771278 HEALTH CARE TX 501(C)(3) 9 SQLC BARTON CREEK SENIOR LIVING COMMUNITY INC 8523 THACKERY STREET 8211 DALLAS TX 75225 201203479 HEALTH CARE TX 501(C)(3) 9 SQLC SENIOR QUALITY LIFESTYLES CORP (SQLC) 8523 THACKERY STREET 8211 DALLAS TX 75225 364502669 HEALTH CARE TX 501(C)(3) 11-II NA SQLC SENIOR LIVING CTR AT CORPUS CHRISTI 8523 THACKERY STREET 8211 DALLAS TX 75225 261778912 HEALTH CARE TX 501(C)(3) 9 SQLC TARRANT COUNTY SENIOR LIVING CENTER INC 8523 THACKERY STREET 8211 DALLAS TX 75225 208068602 HEALTH CARE TX 501(C)(3) 9 SQLC TANGLEWOOD SENIOR LIVING CENTER 8523 THACKERY STREET 8211 DALLAS TX 75225 261778214 HEALTH CARE TX 501(C)(3) 9 SQLC SQLC CHARITABLE FOUNDATION 8523 THACKERY STREET 8211 DALLAS TX 75225 262474373 FOUNDATION TX 501(C)(3) 7 SQLC SQLC SENIOR LIVING CTR AT ALAMO HEIGHTS 8523 THACKERY STREET 8211 DALLAS TX 75225 272566984 HEALTH CARE TX 501(C)(3) 9 SQLC false false false false false false false false false false true true true true true true false false NA STATUS OF RELATED ORGANIZATIONS FORM 990, SCHEDULE R, PART II TANGLEWOOD SENIOR LIVING CENTER (EIN 26-1778214) AND SQLC SENIOR LIVING CENTER AT ALAMO HEIGHTS (27-2566984) ARE IN THE PROCESS OF APPLYING FOR TAX-EXEMPT STATUS. THEY EXPECT TO BE GRANTED EXEMPTION UNDER SECTION 501(C)(3) AS PUBLIC CHARITIES UNDER 509(A)(2).