2024-11-15T10:05:33-06:00 2023-12-31 BDO USA 10200 Grand Central Ave Suite 320 Owings Mills MD 21117 990 2023-01-01 521404857 AIR FORCE RETIRED OFFICERS COMMUNITY - WASHINGTON DC % RICK BOVA AIRF 7034045145 20522 Falcons Landing Circle Potomac Falls VA 20165 Rick Bova CFO 7034045145 2024-11-13 true true Gunther Brand P01029700 4103633200 2023 2024-10-15 13:58:12Z FALCONS LANDING Gary Handley 20522 Falcons Landing Circle Potomac Falls VA 20165 38159814 false X WWW.FALCONSLANDING.ORG X 1984 VA SEE SCHEDULE O 10 10 415 11 0 0 2900864 280957 35520246 37378049 325893 500808 0 0 38747003 38159814 85000 0 0 0 18875521 21671181 0 0 0 16997250 17094199 35957771 38765380 2789232 -605566 133433208 135004692 128424881 128834607 5008327 6170085 X MISSION IS TO OPERATE A FIRST CLASS NOT FOR PROFIT CONTINUING CARE RETIREMENT COMMUNITY FOR THE BENEFIT OF RETIRED MILITARY OFFICERS AND SENIOR RETIRED FEDERAL EMPLOYEES, THEIR SPOUSES AND WIDOWED SPOUSES AND HONORABLY DISCHARGED MILITARY OFFICERS. WE SHALL PROVIDE FACILITIES AND SERVICES THAT SUPPORT AND ENHANCE THE HEALTH SECURITY, HAPPINESS AND WELL BEING OF OUR RESIDENTS. false false 16562490 0 27787978 PROVIDE HOUSING FOOD AND OTHER SERVICES TO 328 INDEPENDENT LIVING RESIDENTS OF A RETIREMENT COMMUNITY. 17223041 0 9590071 PROVIDE HOUSING, NURSING, FOOD AND OTHER SERVICES TO 149 HEALTH CENTER RESIDENTS OF A RETIREMENT COMMUNITY. 33785531 true true false false false false false false true false true false false false 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 false false false false true 19 0 true 415 true false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true false false true false false VA X RICK BOVA 7034045145 20522 FALCONS LANDING CIRCLE POTOMAC FALLS VA 20165 X GARY HANDLEY CFO 40.0 0.0 X 297845 0 11469 HARDY LISTER CFO 40.0 0.0 X 260610 0 8986 SAID HASIB SANA MEDICAL DIRECTOR 40.0 0.0 X 238424 0 0 FRED SIMPSON HR DIRECTOR 40.0 0.0 X 188494 0 22794 ASHLEE BULLOCK HC ADMINISTRATOR 40.0 0.0 X 186476 0 7823 JOE MARSHALL CHAIRMAN 5.0 0.0 X X 0 0 0 SCOTT CUSTER VICE CHAIRMAN 5.0 0.0 X X 0 0 0 CHRISTINE HUNTER VICE CHAIRMAN 5.0 0.0 X X 0 0 0 MIKE KELLY TREASURER 5.0 0.0 X X 0 0 0 SHARON SHAFFER SECRETARY 5.0 0.0 X X 0 0 0 TIM MARKLE BOARD MEMBER 5.0 0.0 X 0 0 0 MARY LOWE MAYHUGH BOARD MEMBER 5.0 0.0 X 0 0 0 DALE ORMOND BOARD MEMBER 5.0 0.0 X 0 0 0 DOUG ROBB BOARD MEMBER 5.0 0.0 X 0 0 0 JOCELYN SENG BOARD MEMBER 5.0 0.0 X 0 0 0 ALAN SHAFFER BOARD MEMBER 5.0 0.0 X 0 0 0 1171849 0 51072 25 false true false US Food Service Manassas PO Box 715368 PHILADELPHIA PA 191715368 FOOD SERVICE 992093 BEST CHOICE CONSTRUCTION 7321 LAVA ROCK CIRCLE 201 MANASSAS VA 20111 CONSTRUCTION 978726 DEMATA HOME IMPROVEMENT 21161 HAYSHIRE COURT ASHBURN VA 20147 CONSTRUCTION 948801 AMSI 23585 OVERLAND DRIVE SUITE 140 STERLING VA 20166 MECHANICAL 500502 STERLING APPLIANCE 44880 FALCON PLACE SUITE 105 STERLING VA 20166 CONSTRUCTION 460985 37 280957 280957 MONTHLY MAINTENANCE FEES 623990 20308228 20308228 HEALTHCARE SERVICE FEES 623990 9590071 9590071 EARNED ENTRANCE FEES 623990 7116266 7116266 OTHER PROGRAM SERVICE REVENUE 623990 363484 363484 37378049 500808 500808 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38159814 37378049 0 500808 0 0 0 0 578910 0 578910 0 17658233 16234708 1423525 377846 373419 4427 1761507 1650168 111339 1294685 1154804 139881 0 27348 27348 84388 84388 0 0 0 239109 239109 436717 1219 435498 133097 78924 54173 860601 88294 772307 0 1370660 1370660 5820 5820 0 59692 9092 50600 1214933 1214933 0 7004940 7004940 617973 617973 FOOD 1591442 1591442 0 SUPPLIES & EQUIPMENT 1237416 1182078 55338 MAINTENANCE 1005574 1002732 2842 MEDICARE 161359 161359 0 1043130 666759 376371 38765380 33785531 4979849 0 157344 353743 10418616 9149371 0 0 924906 1094033 0 0 0 0 539560 1244601 0 0 1296781 1077090 194237718 89689196 104680449 104548522 12803554 15182315 119539 206221 0 0 0 0 2492459 2148796 133433208 135004692 4438126 3766690 0 0 36479754 39517448 46066857 42139038 0 0 0 0 0 0 0 0 41440144 43411431 128424881 128834607 X 4109794 5360112 898533 809973 5008327 6170085 133433208 135004692 -605566 1767324 X X false true X true false X 1319912 1666675 665430 2900864 280957 6833838 30962740 30201439 30405248 35245780 37014565 163829772 0 0 0 32282652 31868114 31070678 38146644 37295522 170663610 0 0 0 170663610 894355 361460 280020 325893 500808 2362536 0 894355 361460 280020 325893 500808 2362536 0 366145 150552 197247 274466 363484 1351894 33543152 32380126 31547945 38747003 38159814 174378040 0.97870 0.97170 0.01355 0.02030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 1197988 1400000 1856946 741042 false 6963112 6963112 153931328 64551497 89379831 7512728 4958525 2554203 25830550 20179174 5651376 104548522 0 REFUNDABLE ADVANCE FEES 42801431 PRIMARY DEPOSITS 610000 43411431 X 39927138 1767324 1767324 38159814 38159814 38765380 38765380 38765380 SCHEDULE D, PART IV, LINE 1A FALCONS LANDING MAINTAINS AN ESCROW ACCOUNT FOR INDIVIDUALS WHO HAVE PLACED WAIT LIST AND RESERVATION AGREEMENT DEPOSITS PENDING THEIR MOVE IN THESE DESPOSITS ARE COMPLETELY REFUNDABLE AND ALL INTEREST ACCRUES TO THE INDIVIDUAL. SCHEDULE D, PART X LINE 2 AFROC QUALIFIES AS A TAX-EXEMPT ORGANIZATION THAT IS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE EXCEPT FOR UNRELATED BUSINESS INCOME. NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, AS AFROC HAD NO SIGNIFICANT UNRELATED BUSINESS INCOME. AFROC IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FROM YEAR 2018 FORWARD. AFROC RECOGNIZES TAX LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL NOT BE SUSTAINED UPON EXAMINATION AND SETTLEMENT WITH VARIOUS TAXING AUTHORITIES. LIABILITIES FOR UNCERTAIN TAX POSITIONS ARE MEASURED BASED UPON THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT. MANAGEMENT HAS EVALUATED AFROC'S TAX POSITIONS AND HAS CONCLUDED THAT AFROC HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. X X false false false false false false false false false GARY HANDLEY CFO 237845 0 28000 0 32000 0 10751 0 718 0 309314 0 0 0 HARDY LISTER CFO 210857 0 15737 0 34016 0 8400 0 586 0 269596 0 0 0 SAID HASIB SANA MEDICAL DIRECTOR 229840 0 8584 0 0 0 0 0 0 0 238424 0 0 0 FRED SIMPSON HR DIRECTOR 180019 0 8475 0 0 0 22076 0 718 0 211288 0 0 0 ASHLEE BULLOCK HC ADMINISTRATOR 178001 0 8475 0 0 0 7105 0 718 0 194299 0 0 0 A INDUSTRIAL DEVELOPMENT AUTHORING OF LOUDOUN COUNT 521310230 2016-11-03 32625477 REDEEM SERIES B OF 2004 BOND ISSUE false false false B INDUSTRIAL DEVELOPMENT AUTHORING OF LOUDOUN COUNT 521310230 2019-08-08 47000000 CONSTRUCTION LOAN false false false A 15532000 0 32625477 0 0 0 0 0 0 0 0 0 1996 true false true true B 21605699 0 47000000 0 0 0 58867 0 0 29958133 0 16983000 2021 false false false true A false true true true false 0.00393 0.00393 false false false true B false false false false 0 false false false true A false true false false 0 false 0 false true B false true true true ATLN UN PBLC FIN INC 17. false false false 0 false true A true B true FORM 990, PART I, LINE 1 FALCONS LANDING PROVIDES HOUSING AND SERVICES VIA A CONTINUING CARE RETIREMENT COMMUNITY TO RETIRED AND HONORABLY DISCHARGED MILITARY OFFICERS AND SENIOR RETIRED FEDERAL EMPLOYEES, THEIR SPOUSES AND WIDOWED SPOUSES. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS HAS DELEGATED AUTHORITY TO THE EXECUTIVE COMMITTEE TO MAKE ANY DECISIONS AS NECESSARY WITH A FOLLOWUP REPORT TO THE FULL BOARD AT THE NEXT BOARD MEETING. THE EXECUTIVE COMMITTEE CONSISTS OF SHARON SHAFFER, CHRISTINE HUNTER AND JOE MARSHALL. ALL OF THE EXECUTIVE COMMITTEE MEMBERS ARE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY BDO AND REVIEWED BY THE CFO. PRIOR TO FILING THE RETURN WITH THE IRS, A DRAFT COPY IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY REQUIRES A MANDATORY WRITTEN RESPONSE FROM ALL AFFECTED PARTIES DISCLOSING WHETHER THEY HAVE ANY OUTSIDE INTERESTS THAT WOULD JEOPARDIZE THEIR RESPONSIBILITIES AT FALCONS LANDING. IN THE EVENT OF A CONFLICT OF INTEREST AFROC WILL TAKE ACTIONS IN ACCORDANCE WITH THE CONFLICTS OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT/CEO INVOLVES A REVIEW OF COMPARABLE SALARIES IN THE INDUSTRY AND REQUIRES APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE BY CONTACTING THE FALCONS LANDING BUSINESS OFFICE. FORM 990, PART XII, LINE 2C THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF DIRECTORS OVERSEES THE SELECTION OF THE AUDITORS AND THE AUDIT FINDINGS, THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.