Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 05-01-2010 , and ending 04-30-2011
G
Check all that apply:
Name of foundation
TAYLOR COMMUNITY
 

Number and street (or P.O. box number if mail is not delivered to street address)435 UNION AVENUE   Room/suite
City or town, state, and ZIP code
LACONIA, NH03246
A Employer identification number

02-0222149
B Telephone number (see page 10 of the instructions)

(603) 524-5600
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$62,858,558J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 351,975
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 310,371 310,371 310,371
5a Gross rents.............. 6,417   6,417
b Net rental income or (loss) 4,935
6a Net gain or (loss) from sale of assets not on line 10 217,398
b Gross sales price for all assets on line 6a 4,787,528
7 Capital gain net income (from Part IV, line 2)... 217,398
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 9,119,246 0 9,119,246
12 Total. Add lines 1 through 11........ 10,005,407 527,769 9,436,034
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 423,229 0 423,229 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,482 0 1,482 0
19 Depreciation (attach schedule) and depletion... 1,746,351 0 1,746,351
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 9,172,665 0 7,264,972 1,907,693
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,343,727 0 9,436,034 1,907,693
25 Contributions, gifts, grants paid........ 1,908 1,908
26 Total expenses and disbursements. Add lines 24 and 25 11,345,635 0 9,436,034 1,909,601
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,340,228
b Net investment income (if negative, enter -0-) 527,769
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 586,231 856,149 856,149
3 Accounts receivable bullet285,373
Less: allowance for doubtful accounts bullet   309,940 285,373 285,373
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet299,480
Less: allowance for doubtful accounts bullet0 518,382 299,480 299,480
8 Inventories for sale or use............... 10,632 12,873 12,873
9 Prepaid expenses and deferred charges........... 96,865 135,509 135,509
10a Investments—U.S. and state government obligations (attach schedule) 601,211 Click to see attachment776,987 776,987
b Investments—corporate stock (attach schedule)........ 4,780,649 Click to see attachment2,770,047 2,770,047
c Investments—corporate bonds (attach schedule)........ 0 Click to see attachment677,400 677,400
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 8,595,866 Click to see attachment6,394,835 6,394,835
14 Land, buildings, and equipment: basis bullet61,904,320
Less: accumulated depreciation (attach schedule) bullet20,330,071 44,969,337 Click to see attachment41,574,249 41,574,249
15 Other assets (describe bullet) Click to see attachment6,762,195 Click to see attachment9,075,656 Click to see attachment9,075,656
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 67,231,308 62,858,558 62,858,558
Liabilities 17 Accounts payable and accrued expenses.......... 790,996 1,097,378
18 Grants payable...................    
19 Deferred revenue.................. 27,373,741 23,106,979
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 26,145,000 25,380,000
22 Other liabilities (describe bullet) Click to see attachment2,388,407 Click to see attachment2,812,799
23 Total liabilities (add lines 17 through 22).......... 56,698,144 52,397,156
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... -2,305,217 -3,489,917
25 Temporarily restricted................ 5,417,000 5,935,234
26 Permanently restricted................ 7,421,381 8,016,085
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,533,164 10,461,402
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 67,231,308 62,858,558
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 10,533,164
2 Enter amount from Part I, line 27a...................... 2 -1,340,228
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,503,977
4 Add lines 1, 2, and 3.......................... 4 10,696,913
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 235,511
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 10,461,402
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a SALE OF INVESTMENTS P    
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 4,787,528   4,570,130 217,398
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       217,398
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 217,398
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009      
2008      
2007      
2006      
2005      
2 Total of line 1, column (d) ...................... 2  
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3  
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4  
5 Multiply line 4 by line 3....................... 5  
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6  
7 Add lines 5 and 6......................... 7  
8 Enter qualifying distributions from Part XII, line 4.............. 8  
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter: 1985-12-09(attach copy of letter if necessary–see instructions)
b 1 N/A
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNH
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.TAYLORCOMMUNITY.ORG
    14
    The books are in care ofbulletDENISE KENNEY Telephone no.bullet (603) 524-5600
    Located atbullet435 UNION AVENUELACONIANH ZIP+4bullet03246
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JAMES ARSENAULT 603-528-1727 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    RODNEY DYER 603-524-5831 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    LINDA NORMANDIN 603-524-5600 CHIEF FINANCIAL OFFICER
    40.00     		103,890 13,570 0
    435 UNION AVENUE
    LACONIA,NH03246
    ROBERT SELIG 603-527-0111 TRUSTEE, 1ST VICE CHAIR
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    JANET MITCHELL 603-524-9574 TRUSTEE, CHAIR
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    H THOMAS VOLPE 603-524-4567 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    NORMAN BELANGER 603-528-6668 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    DEBORAH COTTON 603-524-2883 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    TIMOTHY MARTIN 603-524-5600 TRUSTEE, PRESIDENT/CEO
    40.00     		187,346 37,471 0
    435 UNION AVENUE
    LACONIA,NH03246
    SUSAN E SMITH 603-527-0417 ADMINISTRATOR
    40.00     		131,993 13,053 0
    435 UNION AVENUE
    LACONIA,NH03246
    ROBERT T SMITH 603-528-4205 TRUSTEE, TREASURER
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    FRANK TILTON 603-528-8466 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    GAIL BREWER 603-524-9225 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    HERBERT GRAY 603-524-2596 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    PAULETTE LOUGHLIN 603-524-5413 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    DAVID BELL 603-524-6972 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    MITCHELL JEAN 603-524-1376 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    MATTHEM LAHEY 603-524-4283 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    PETER WALKLEY 603-524-7493 TRUSTEE
    2.00     		0 0 0
    435 UNION AVENUE
    LACONIA,NH03246
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    DENISE KENNEY DIRECTOR OF FINANCE
    40.00     		79,708 3,881 0
    425 UNION AVENUE
    LACONIA,NH03426
    PAUL CHARTON DIRECTOR OF MARKETIN
    40.00     		61,905 20,189 0
    425 UNION AVENUE
    LACONIA,NH03426
    CHARI ALEXINA SZEPANSKI DIRECTOR OF NURSING
    40.00     		63,626 17,729 0
    425 UNION AVENUE
    LACONIA,NH03426
    MARY RENN LPN
    40.00     		57,389 10,816 0
    425 UNION AVENUE
    LACONIA,NH03426
    ROBERT BERRY DIRECTOR OF FACILITI
    40.00     		62,976 31 0
    425 UNION AVENUE
    LACONIA,NH03426
    Total number of other employees paid over $50,000...................bullet 5
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 OPERATION AND MAINTENANCE OF 250 UNITS OF INDEPENDENT HOUSING AND 82 ASSISTED LIVING/NURSING UNITS TO PROVIDE HEALTH CARE MANAGEMENT AND LONG-TERM HEALTH CARE FOR ELDERLY PERSONS. 11,145,635
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    12,298,497
    b
    Average of monthly cash balances.......................
    1b
    721,191
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    763,724
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,783,412
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    13,783,412
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    206,751
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,576,661
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    678,833
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
     
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
     
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
     
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,909,601
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    303,592
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,213,193
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    2,213,193
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$  
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
    1985-12-09
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
    0 0 870,194 954,900 1,825,094
    b 85% of line 2a ......... 0 0 739,665 811,665 1,551,330
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		2,213,193 1,370,631 9,502,439 10,034,454 23,120,717
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		2,213,193 1,370,631 9,502,439 10,034,454 23,120,717
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		452,555 497,091 580,129 636,600 2,166,375
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    LRSF SPELLING BEE
    POB 7312
    GILFORD,NH03247     		N/A PUBLIC CHARITY SUPPORT OF CHARITABLE ORGANIZATION 150
    LAKES REGION PARTNERSHIP FOR PUBLIC HEALTH
    95 WATER STREET
    LACONIA,NH03246     		N/A PUBLIC CHARITY SUPPORT OF CHARITABLE ORGANIZATION 529
    LRGHEALTHCARE
    80 HIGHLAND STREET
    LACONIA,NH03246     		N/A PUBLIC CHARITY SUPPORT OF CHARITABLE ORGANIZATION 142
    NH LONG TERM CARE FOUNDATION
    5 SHEEP DAVIS RD SUITE E
    PEMBROKE,NH03275     		N/A PUBLIC CHARITY SUPPORT OF CHARITABLE ORGANIZATION 87
    LAKES REGION CHAMBER OF COMMERCE- WOW TRAIL
    383 SOUTH MAIN ST
    LACONIA,NH03246     		N/A PUBLIC CHARITY SUPPORT OF CHARITABLE ORGANIZATION 1,000
    Total .................................bullet 3a 1,908
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aENTRANCE FEES         6,855,420
    bPERIODIC RESIDENT INCOME         2,018,923
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 310,371  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 4,935  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 217,398  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aAUXILIARY INCOME     03 244,903  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 777,607 8,874,343
    13Total. Add line 12, columns (b), (d), and (e)...................
    139,651,950
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    1A-B IT IS THE TAYLOR COMMUNITY'S MISSION TO PROVIDE AFFORDABLE HOUSING AND HEALTH CARE FOR THE ELDERLY. THE COMMUNITY IS RESPONSIBLE FOR ALL PROPERTY MAINTENANCE AND PROVIDES A 24-HOUR MEDICAL ALERT SYSTEM. THE COMMUNITY OFFERS RESIDENTS A COMPREHENSIVE PACKAGE OF IN-HOME SERVICES INCLUDING HEALTH CARE, ACTIVITIES, TRANSPORTATION AND SHOPPING ASSISTANCE. AT NO TIME DOES THE COMMUNITY TRANSFER TO ANY RESIDENT ANY INTEREST IN REAL PROPERTY. THE ENTRANCE FEES AND PERIODIC RESIDENT INCOME RECEIVED HELPS TO DEFRAY THE COST OF PROVIDING LIFE-TIME CARE TO ITS RESIDENTS.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    TAYLOR COMMUNITY
     
    Employer identification number

    02-0222149
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 2 of Part I
    Name of organization
    TAYLOR COMMUNITY
          		Employer identification number

    02-0222149
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    ALMIRA T CAMPBELL    
    8820 WALTHER BLVD APT 1614
       
    BALTIMORE, MD   21234

    		$10,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    FRANK B STANLEY TRUST - RECEIVED QT    
    CITIZENS BANK
       
    LACONIA, NH   03246

    		$12,282




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
     
     

    FRANK E BUSIEL TRUST - RECEIVED MON    
    MELLON BANK
       
    BOSTON, MA   02108

    		$19,565




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    4
     
     

    OSCAR J GEORGE TRUST - RECEIVED MON    
    CITIZENS BANK
       
    LACONIA, NH   03246

    		$193,131




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    5
     
     

    OSCAR JGEORGE TRUST - RECEIVED QTRL    
    LACONIA SAVINGS BANK
       
    LACONIA, NH   03246

    		$53,696




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    6
    LACONIA SAVINGS BANK
     

         
    62 PLEASANT ST
       
    LACONIA, NH   03246

    		$7,100




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 2 of 2 of Part I
    Name of organization
    TAYLOR COMMUNITY
          		Employer identification number

    02-0222149
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    7
     
     

    H THOMAS VOLPE    
    255 HADLEY ROAD EXT
       
    LACONIA, NH   03246

    		$5,193




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    8
     
     

    ESTATE OF ANTHONY E MORSE    
    PO BOX 7606
       
    GILFORD, NH   03247

    		$11,126




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    TAYLOR COMMUNITY
          		Employer identification number

    02-0222149
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    TAYLOR COMMUNITY
          		Employer identification number

    02-0222149
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TJX COS INC - 4.200% 107,325 107,325
    THERMO FISHER - 4.700% 104,958 104,958
    EATON CORP - 4.9000% 53,649 53,649
    NEW YORK LIFE GBL FDG - 5.375% 54,671 54,671
    UNITED TECHNOLOGIES - 5.375% 114,004 114,004
    ROWAN COMPANIES INC - 5.000% 26,537 26,537
    NATL RURAL UTL - 4.250% 10,555 10,555
    MORGAN STANLEY - 5.375% 32,465 32,465
    HSBC FINANCIAL CORP - 3.800% 20,013 20,013
    GOLDMAN SACHS GROUP - 3.625% 36,094 36,094
    BARCLAYS BK PLC - 5.000% 24,350 24,350
    GENERAL ELECTRIC - VARIABLE 34,879 34,879
    BURLINGTON NORTHERN - 4.700% 42,274 42,274
    CARDINAL HEALTH INC - 4.000% 15,626 15,626

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 46,576 46,576
    AUTOMATIC DATA PROCESSING INC 54,632 54,632
    BALL CORP 63,203 63,203
    CISCO SYS INC 30,117 30,117
    CONOCOPHILLIPS 67,372 67,372
    DANAHER CORP 60,709 60,709
    DOMINION RESOURCES INC VA 27,573 27,573
    EXELON CORP 24,037 24,037
    EXXON MOBIL CORP 59,387 59,387
    FRANKLIN RESOURCES INC 62,107 62,107
    HUDSON CITY BANCORP INC 32,402 32,402
    ILLINOIS TOOL WKS INC 54,438 54,438
    INTERNATIONAL BUSINESS MACHINES CORP 59,021 59,021
    JOHNSON & JOHNSON 45,018 45,018
    JOHNSON CONTROLS INC 43,460 43,460
    LAZARD LTD 50,389 50,389
    MARATHON OIL CORP 69,549 69,549
    MARSH & MCLENNAN COS INC 50,386 50,386
    MCKESSON CORPORATION 55,534 55,534
    MONSANTO CO NEW 53,547 53,547
    NIKE INC CL B 34,492 34,492
    NORFOLK SOUTHERN CORP 57,728 57,728
    ORACLE CORPORATION 62,715 62,715
    PEPSICO INC 45,881 45,881
    SNAP ON INCORPORATED 41,695 41,695
    STAPLES INC 29,363 29,363
    SYSCO CORP 41,746 41,746
    THERMO FISHER SCIENTIFIC INC 51,471 51,471
    UNITED TECHNOLOGIES CORP 53,658 53,658
    WAL MART STORES INC 46,073 46,073
    FORD MOTOR CO 26,686 26,686
    FORTUNE BRANDS INC 26,032 26,032
    GAMESTOP CORP 29,532 29,532
    MCDONALDS CORP 39,155 39,155
    TJX CO INC 42,896 42,896
    ARCHER DANIELS MIDLAND CO 40,722 40,722
    HEINZ H J CO 35,861 35,861
    PEPSICO INC 37,890 37,890
    SYSCO CORP 29,633 29,633
    CONOCOPHILLIPS 49,306 49,306
    EXXON MOBIL CORP 48,389 48,389
    SPECTRA ENERGY CORP 35,574 35,574
    TRANSOCEAN LTD 29,100 29,100
    AFLAC INC 28,095 28,095
    BANK OF AMERICA CORP 26,402 26,402
    HARTFORD FINL SVCS GROUP INC 22,597 22,597
    WELLS FARGO & CO 35,660 35,660
    JOHNSON & JOHNSON 39,432 39,432
    STRYKER CORP 38,350 38,350
    GENERAL ELEC CO 22,495 22,495
    NORFOLK SOUTHERN CORP 42,822 42,822
    TEXTRON INC 20,880 20,880
    3M CO 36,454 36,454
    WASTE MGMT INC 40,465 40,465
    AUTOMATIC DATA PROCESSING INC 38,052 38,052
    CISCO SYS INC 22,776 22,776
    HEWLETT PACKARD CO 40,370 40,370
    MICROSOFT CORP 31,104 31,104
    MICROCHIP TECHNOLOGY INC 42,066 42,066
    ORACLE CORPORATION 35,960 35,960
    DUPONT E I DE NEMOURS & CO 34,074 34,074
    PRAXAIR INC 29,266 29,266
    VERIZON COMM 41,558 41,558
    DOMINION RESOURCES INC VA 17,408 17,408
    EXELON CORP 29,519 29,519
    MDU RES GROUP INC 29,963 29,963
    GLAXO SMITHLINE 37,111 37,111
    INGERSOLL RAND PUBLIC LIMITED COMPANY 41,663 41,663
    LAKES REGION DEVELOPMENT CORP 450 450

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    US Government Securities - End of Year Book Value:

    319,021
    US Government Securities - End of Year Fair Market Value:

    319,021
    State & Local Government Securities - End of Year Book Value:


    457,966
    State & Local Government Securities - End of Year Fair Market Value:


    457,966


    TY 2010 InvestmentsOtherSchedule2
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOVERNMENT II MONEY MARKET FUND 033 FMV 33,177 33,177
    FEDERATED #853 I FMV 31,261 31,261
    FEDERATED #853 P FMV 15,088 15,088
    FEDERATED #853 I FMV 36,125 36,125
    FEDERATED #853 P FMV 2,325 2,325
    FEDERATED TOTAL RETUN #288 FMV 394,809 394,809
    JOHN HANCOCK GOVT INC FD #56 FMV 17,644 17,644
    AMERICAN HIGH INC CORP #421 FMV 25,645 25,645
    BLACKROCK INFL PROTECTED #360 CL I FMV 53,343 53,343
    VANGUARD GNMA FUND #36 FMV 51,590 51,590
    VANGUARD HIGH-YIELD CORP FUND #529 FMV 165,684 165,684
    VANGUARD SHORT-TERM INVEST GRADE #539 FMV 57,309 57,309
    VANGUARD HIGH-YIELD CORP FUND FMV 311,440 311,440
    VANGUARD INTER-TERM INVEST-GD FMV 705,632 705,632
    VANGUARD LONG-TERM BOND INDEX FMV 318,696 318,696
    VANGUARD SHORT-TERM BOND INDEX FMV 384,773 384,773
    VANGUARD SHORT-TERM INVEST GRADE FMV 424,748 424,748
    VANGUARD SHORT-TERM BOND INDEX FMV 53,001 53,001
    FEDERATED INDEX TR #281 FMV 398,356 398,356
    MANAGERS SPECIAL EQUITY #153 FMV 5,652 5,652
    VANGUARD MORGAN GROWTH FUND FMV 599,347 599,347
    VANGUARD TOTAL STOCK MKT IDX FMV 337,181 337,181
    ISHARES S&P MIDCAP 400 GROWTH INDEX FMV 119,451 119,451
    ISHARES S&P MIDCAP 400 VALUE INDEX FMV 115,536 115,536
    ISHARES S&P SMALL CAP 600/VALUE FMV 38,130 38,130
    ISHARES S&P SMALLCAP 600 INDEX FD FMV 54,353 54,353
    ISHARES S&P SMALLCAP 600/GRO IND FD FMV 40,345 40,345
    SPDR-CONSUMER STAPLES SECTOR FMV 27,706 27,706
    SPDR-ENERGY SECTOR FMV 98,989 98,989
    SPDR-FINANCIAL SECTOR FMV 44,930 44,930
    SPDR-HEALTHCARE SECTOR TR FMV 48,561 48,561
    SPDR-INDUSTRIAL SECTOR FMV 33,321 33,321
    SPDR-MATERIALS SECTOR FMV 27,587 27,587
    SPDR-TECHNOLOGY SECTOR FMV 114,581 114,581
    VANGUARD TOTAL INT'L STOCK INDEX FMV 686,605 686,605
    BLACKROCK INTL OPP #334 FMV 101,576 101,576
    ISHARES MSCI FRANCE FMV 50,448 50,448
    ISHARES MSCI AUSTRALIA FMV 57,416 57,416
    ISHARES MSCI EMERGING MKTS FMV 32,300 32,300
    ISHARES MSCI GERMANY FMV 54,711 54,711
    ISHARES MSCI HONG KONG FMV 21,722 21,722
    ISHARES MSCI ITALY FMV 11,304 11,304
    ISHARES MSCI JAPAN FMV 43,784 43,784
    ISHARES MSCI NETHERLANDS FMV 10,584 10,584
    ISHARES MSCI SOUTH AFRICA FMV 23,753 23,753
    ISHARES MSCI SPAIN FMV 11,450 11,450
    ISHARES MSCI SWEDEN FMV 17,605 17,605
    ISHARES MSCI SWITZERLAND FMV 16,905 16,905
    ISHARES MSCI UNITED KINGDOM FMV 43,705 43,705
    SPDR S&P CHINA FMV 24,651 24,651

    TY 2010 LandEtcSchedule2
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND & IMPROVEMENTS 4,138,063 273,254 3,864,809 3,864,809
    BUILDINGS & IMPROVEMENTS 52,934,595 17,164,657 35,769,938 35,769,938
    FURNISHINGS & EQUIPMENT 4,831,662 2,892,160 1,939,502 1,939,502


    TY 2010 OtherAssetsSchedule
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LOAN ORIGINATION FEES, LESS ACCUMULATED AMORTIZATION 328,932 315,862 315,862
    TRUST FUNDS HELD BY OTHERS 6,433,263 7,027,967 7,027,967
    ASSETS HELD FOR SALE   1,731,827 1,731,827


    TY 2010 OtherDecreasesSchedule
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Description Amount
    CHANGE IN BOND SWAP FAIR VALUE 163,283
    LOSS ON IMPAIRMENT OF SATELLITE PROPERTY 72,228


    TY 2010 OtherExpensesSchedule
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NURSING & ASSISTED LIVING 1,858,486 0 1,858,486 0
    CARE MANAGEMENT 215,283 0 215,283 0
    RESIDENT ACTIVITIES 175,745 0 175,745 0
    DIETARY 937,729 0 937,729 0
    BEAUTY SHOP 54,557 0 54,557 0
    HOUSEKEEPING 288,738 0 288,738 0
    MAINTENANCE 1,418,982 0 75,594 1,343,388
    GROUNDS 603,667 0 603,667 0
    ADMINISTRATION 3,055,173 0 3,055,173 0
    MUNICIPAL PAYMENTS 451,840 0 0 451,840
    NURSING FACILITY QUALITY ASSESSMENT 112,465 0 0 112,465


    TY 2010 OtherIncomeSchedule2
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ENTRANCE FEES 6,855,420   6,855,420
    PERIODIC RESIDENT INCOME 2,018,923   2,018,923
    AUXILIARY INCOME 244,903   244,903


    TY 2010 OtherIncreasesSchedule
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Description Amount
    CHANGE IN UNREALIZED APPRECIATION OF INVESTMENTS - BOOK PURPOSES 909,273
    INCREASE IN TRUST FUNDS HELD BY OTHERS 594,704


    TY 2010 OtherLiabilitiesSchedule
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Description Beginning of Year - Book Value End of Year - Book Value
    DEPOSITS ON ENTRANCE FEES 92,318 124,045
    ANNUITIES PAYABLE 276,843 246,416
    INTEREST RATE SWAP CONTRACT 1,464,597 1,627,879
    NURSING FACILITY QUALITY ASSESSMENT PAYABLE 554,649 474,459
    LINE OF CREDIT 0 340,000


    TY 2010 TaxesSchedule
    Name:
    TAYLOR COMMUNITY
    EIN: 02-0222149
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAXES 1,482 0 1,482 0