Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2017 , and ending 12-31-2017
Name of foundation
BUENA VIDA ESTATES INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2129 WEST NEW HAVEN AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST MELBOURNE, FL32904
A Employer identification number

64-0639722
B Telephone number (see instructions)

(321) 724-0060
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$31,154,402J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 46,025 45,494 46,025
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
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 10,438,869 964 10,438,869
12 Total. Add lines 1 through 11........ 10,484,894 46,458 10,484,894
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 144,330 640 118,249 25,441
14 Other employee salaries and wages...... 2,458,628   2,023,308 435,320
15 Pension plans, employee benefits....... 611,278 423 502,698 108,157
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 46,185 5,357 40,828  
17 Interest............... 607,814   500,196 107,618
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,110   15,110  
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,117,273   1,117,273
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,328   4,328  
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 3,340,137 3,701 2,862,572 473,864
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,345,083 10,121 7,184,562 1,150,400
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 8,345,083 10,121 7,184,562 1,150,400
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,139,811
b Net investment income (if negative, enter -0-) 36,337
c Adjusted net income (if negative, enter -0-)... 3,300,332
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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............. 2,512,253 4,647,774 4,647,774
2 Savings and temporary cash investments......... 1,861,943 1,979,906 1,979,906
3 Accounts receivable bullet102,501
Less: allowance for doubtful accounts bullet   10,473 102,501 102,501
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 instructions).....      
7 Other notes and loans receivable (attach schedule) bullet357,500
Less: allowance for doubtful accounts bullet   381,237 Click to see attachment357,500 357,500
8 Inventories for sale or use.............. 96,026 94,162 94,162
9 Prepaid expenses and deferred charges.......... 81,967 105,711 105,711
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment504,896 504,896
14 Land, buildings, and equipment: basis bullet29,519,319
Less: accumulated depreciation (attach schedule) bullet10,677,432 19,597,851 Click to see attachment18,841,887 18,841,887
15 Other assets (describe bullet) Click to see attachment4,468,469 Click to see attachment4,466,065 Click to see attachment4,520,065
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,010,219 31,100,402 31,154,402
Liabilities 17 Accounts payable and accrued expenses.......... 599,566 618,944
18 Grants payable.................    
19 Deferred revenue................. 16,742,127 17,587,034
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 24,061,980 Click to see attachment23,133,437
22 Other liabilities (describe bullet) Click to see attachment1,576,041 Click to see attachment1,819,883
23 Total liabilities (add lines 17 through 22)......... 42,979,714 43,159,298
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... -13,969,495 -12,058,896
30 Total liabilities and net assets/fund balances (see instructions). 29,010,219 31,100,402
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
-13,969,495
2
Enter amount from Part I, line 27a .....................
2
2,139,811
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
-11,829,684
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
229,212
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
-12,058,896
Form 990-PF (2019)
Form 990-PF (2019)
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.)
1a
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
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
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  
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 instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
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 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))
2018 7,466,106 30,208,647 0.247151
2017 7,897,963 27,925,788 0.282820
2016 7,441,411 28,083,627 0.264973
2015 269,610 29,185,327 0.009238
2014 478,424 30,499,823 0.015686
2
Total of line 1, column (d) .....................
2
0.819868
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.163974
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
28,967,292
5
Multiply line 4 by line 3......................
5
4,749,883
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
363
7
Add lines 5 and 6........................
7
4,750,246
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,559,603
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.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 727
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........................... 3 727
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- ..... 5 727
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 755
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 755
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 18
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 10
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet10 RefundedBullet 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 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 instructions)
    bulletFL
    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 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    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
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.BUENAVIDAESTATES.ORG
    14
    The books are in care ofbulletKARIN LAUTENSCHLAGER Telephone no.bullet (321) 724-0060

    Located atbullet2129 W NEW HAVEN AVEWEST MELBOURNEFL ZIP+4bullet32904
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    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 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 2019?.............
    1c
     
     
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (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 4945(d)(4)(A)? See 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 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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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 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
    KARIN A LAUTENSCHLAGER EXEC. DIRECT
    40.00     		144,330 0 0
    2129 WEST NEW HAVEN AVENUE
    WEST MELBOURNE,FL32904
    JIM RIDENOUR CHAIRMAN
    2.00     		0 0 0
    2129 WEST NEW HAVEN AVENUE
    WEST MELBOURNE,FL32904
    JOHN E BUTLER CPA SECRETARY-TR
    2.00     		0 0 0
    2129 WEST NEW HAVEN AVENUE
    WEST MELBOURNE,FL32904
    ELIZABETH MANC-HERRMAN ASST. SECRET
    2.00     		0 0 0
    2129 WEST NEW HAVEN AVENUE
    WEST MELBOURNE,FL32904
    SHARON D'ALESSANDRO BOARD MEMBER
    2.00     		0 0 0
    2129 WEST NEW HAVEN AVENUE
    WEST MELBOURNE,FL32904
    LORI BALDWIN BOARD MEMBER
    2.00     		0 0 0
    2129 WEST NEW HAVEN AVENUE
    WEST MELBOURNE,FL32904
    ELMER FLOYD BOARD MEMBER
    2.00     		0 0 0
    2129 WEST NEW HAVEN AVENUE
    WEST MELBOURNE,FL32904
    HAL ROSE BOARD MEMBER
    2.00     		0 0 0
    2129 WEST NEW HAVEN AVENUE
    WEST MELBOURNE,FL32904
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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
    DOREEN F BOUDREAU DIRECTOR MAR
    40.00     		70,290    
    2129 W NEW HAVEN AVE
    WEST MELBOURNE,FL32904
    JOHN J DELANEY DIRECTOR OF
    40.00     		61,761    
    2129 W NEW HAVEN AVE
    WEST MELBOURNE,FL32904
    SUSAN LUISI DIRECTOR RES
    40.00     		57,224    
    2129 W NEW HAVEN AVE
    WEST MELBOURNE,FL32904
    DEBORAH E CARR-WILLIAMS RETIREMENT C
    40.00     		54,077    
    201 PLANTATION CLUB DR
    STE 1116
    MELBOURNE,FL32940
    LINDA M MUSSER LPN/AST LIVN
    40.00     		50,808    
    2129 W NEW HAVEN AVE
    WEST MELBOURNE,FL32904
    Total number of other employees paid over $50,000...................bullet 1
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see 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.............bullet  
    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 BUENA VIDA ESTATES, INC. (ORGANIZATION) WAS INCORPORATED IN THE STATE OF FLORIDA ON JUNE 9, 1980, TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY FOR SENIOR CITIZENS. THE FACILITY IS LOCATED IN WEST MELBOURNE, FLORIDA AND CONSISTS OF 210 LICENSED RESIDENTIAL UNITS INCLUDING A 48-UNIT ASSISTED LIVING FACILITY, PLUS AN ADMINISTRATIVE AND SUPPORT AREA. THE ORGANIZATIONS ACTIVITIES ARE REGULATED BY THE FLORIDA DEPARTMENT OF FINANCIAL SERVICES, OFFICE OF INSURANCE REGULATION (OIR). THE ORGANIZATION IS SUPPORTED PRIMARILY BY ENTRANCE FEES AND MONTHLY SERVICE FEES PAID BY THE RESIDENTS. THE ORGANIZATION PROVIDES THEIR RESIDENTS RETIREMENT LIVING WITH MEDICAL SUPPORT FACILITIES AND FULL SERVICE AMENITIES THAT INCLUDE RESTAURANT STYLE DINING AND OTHER RETIREMENT ACTIVITIES. 1,559,603
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see 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
    77,300
    b
    Average of monthly cash balances.......................
    1b
    8,811,016
    c
    Fair market value of all other assets (see instructions)................
    1c
    20,520,102
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,408,418
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    29,408,418
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    441,126
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,967,292
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,448,365
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
     
    b
    Income tax for 2019. (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 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 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
    1,150,400
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    409,203
    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
    1,559,603
    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 instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,559,603
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 230,548
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 1,559,603
    a Applied to 2018, but not more than line 2a 230,548
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2019 distributable amount.....  
    e Remaining amount distributed out of corpus 1,329,055
    5 Excess distributions carryover applied to 2019.    
    (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 1,329,055
    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 instructions ...........     		 
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see 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 2019, enter the date of the ruling....... bullet
    2019-05-29
    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) 2019 (b) 2018 (c) 2017 (d) 2016
    1,448,365 1,510,432 747,490 710,581 4,416,868
    b 85% of line 2a ......... 1,231,110 1,283,867 635,367 603,994 3,754,338
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,559,603 7,466,106 7,897,963 7,441,411 24,365,083
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,559,603 7,466,106 7,897,963 7,441,411 24,365,083
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 41,777,836 40,670,126 39,770,230 38,425,216 160,643,408
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 34,673,540 34,289,376 32,690,727 31,629,727 133,283,370
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    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) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see 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 or email address 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 (2019)
    Form 990-PF (2019)
    Page 11
    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
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    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 instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aROUTINE SERVICES         5,085,556
    bRESIDENTIAL RENTAL INCOME         3,300,332
    cOTHER SERVICES         8,674
    dHEALTH SERVICES         1,773,295
    eEARNED ENTRANCE FEES         210,538
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 46,025  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 964  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGAIN ON DERIVATIVE CONTRACT     		    14 59,510  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   106,499 10,378,395
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    10,484,894
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A NECESSARY TO OPERATE, MAINTAIN, PROMOTE AND ADVANCE A LIFE CARE FACILITY DESIGNED FOR ELDERLY PEOPLE.
    1B SAME AS 1A
    1C SAME AS 1A
    1D TO PROVIDE PERSONAL SERVICES FOR THE RESIDENTS OF THE LIVING FACILITY.
    1E SAME AS 1A
    11B SAME AS 1A
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    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 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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
    BUENA VIDA FOUNDATION 501(C)(3) PROVIDE MEDICAL ASSISTANCE TO RESIDENTS OF BUENA VIDA ESTATES
    Sign Here
    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) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2017 AmortizationSchedule
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    AMORTIZATION         34,800   34,800  

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    TY 2017 DepreciationSchedule
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DEPRECIATION     2,691,936     1,117,273   1,117,273  

    TY 2017 InvestmentsOtherSchedule2
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN ITG TAXABLE FUND FMV 504,896 504,896

    TY 2017 LandEtcSchedule2
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING & IMPROVEMENTS 28,934,346 10,489,635 18,444,711 18,444,711
    FURNITURE & EQUIPMENT 300,066 187,797 112,269 112,269
    LAND 284,907   284,907 284,907


    TY 2017 MortgagesAndNotesPayableSch
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name SERIES 2016 NOTE
    Lender's Title  
    Relationship to Insider N/A
    Original Amount of Loan 24,325,000
    Balance Due 23,133,437
    Date of Note 2016-08
    Maturity Date 1936-08
    Repayment Terms MONTHLY PAYMENTS OF P&I
    Interest Rate 0.0255
    Security Provided by Borrower ALL ASSETS OF ORGANIZATION
    Purpose of Loan EXPANSION AND REPAY OLD BONDS
    Description of Lender Consideration  
    Consideration FMV  


    TY 2017 OtherAssetsSchedule
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ASSETS LIMITED AS TO USE 3,462,835 3,501,721 3,501,721
    PREPAID ADVERTISING 164,291 98,291 98,291
    DEPOSITS 20,050 20,050 20,050
    SWAP VALUE 479,921 539,431 593,431
    FINANCING COST, NET 341,372 306,572 306,572


    TY 2017 OtherDecreasesSchedule
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Description Amount
    TO MATCH RESTATED FINANCIAL STATEMENTS 229,212


    TY 2017 OtherExpensesSchedule
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADVERTISING AND PROMOTION 351,289   351,289  
    ANNIVERSARY CELEBRATION 29,375   29,375  
    BANK & OTHER SERVICE CHG 1,452   1,452  
    BARBER & BEAUTY 16,164   16,164  
    CONSULTANT FEES 8,000   6,584 1,416
    CONTINUING EDUCATION 6,972   6,972  
    CONTRACT SERVICES 75,709   62,304 13,405
    DINING SERVICES 523,464   430,780 92,684
    DUES & SUBSCRIPTIONS 16,411   13,505 2,906
    EQUIP RENTAL 4,810   4,810  
    FREIGHT & POSTAGE 2,679   2,679  
    HEALTH CARE COSTS 422,927   348,044 74,883
    INSURANCE 231,461 1,026 189,635 40,800
    MANAGEMENT AND MARKETING FEES 566,882 2,512 464,444 99,926
    MISCELLANEOUS 65,806   65,806  
    OFFICE EXPENSE AND SUPPLIES 140,133   140,133  
    OTHER DEDUCTIONS FROM INV IN 173 163 10  
    REPAIRS AND MAINTENANCE 291,891   240,209 51,682
    SPECIAL EVENTS EXPENSE 23,094   19,005 4,089
    TELEPHONE 23,127   19,032 4,095
    TRANSPORTATION EXPENSE 43,492   35,791 7,701
    UNIFORMS 6,634   6,634  
    UTILITIES 453,392   373,115 80,277


    TY 2017 OtherIncomeSchedule2
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROUTINE SERVICES 5,085,556   5,085,556
    RESIDENTIAL RENTAL INCOME 3,300,332   3,300,332
    OTHER SERVICES 8,674   8,674
    HEALTH SERVICES 1,773,295   1,773,295
    EARNED ENTRANCE FEES 210,538   210,538
      964 964 964
    GAIN ON DERIVATIVE CONTRACT 59,510   59,510


    TY 2017 OtherLiabilitiesSchedule
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Description Beginning of Year - Book Value End of Year - Book Value
    RESIDENT DEPOSITS 140,316 257,696
    REFUNDABLE FEES PAYABLE 1,435,725 1,562,187


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    TY 2017 OtherNotesLoansRcvblLongSch
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    HARLEY WARD   78,650   2016-10 2017-04 REPAID IN FULL IN 6 MONTHS 0 % NONE ENTRY FEE LOAN    
    MARION HOPPE   86,400   2016-12 2016-06 REPAID IN FULL IN 6 MONTHS 0 % NONE ENTRY FEE LOAN    
    PETER PATRICIA JOHNSTON   137,637   2016-11 2017-05 REPAID IN FULL IN 6 MONTHS 0 % NONE ENTRY FEE LOAN    
    LENORE ALBAN   78,550   2016-09 2017-03 REPAID IN FULL IN 6 MONTHS 0 % NONE ENTRY FEE LOAN    
    GERHARD HOFFMAN   187,200 187,200 2017-09 2019-03 REPAID IN FULL IN 6 MONTHS 5.00 % NONE ENTRY FEE LOAN    
    CONSTANCE LANE   85,150 85,150 2017-12 2018-06 REPAID IN FULL IN 6 MONTHS 5.00 % NONE ENTRY FEE LOAN    
    ANN FERRY   85,150 85,150 2017-12 2018-06 REPAID IN FULL IN 6 MONTHS 5.00 % NONE ENTRY FEE LOAN    

    TY 2017 OtherProfessionalFeesSchedule
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE BANK FEES 5,239 5,239    
    LEGAL & AUDIT FEES 26,696 118 26,578  
    PROFESSIONAL FEES 14,250   14,250  


    TY 2017 TaxesSchedule
    Name:
    BUENA VIDA ESTATES INC
    EIN:
    64-0639722
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 8,746   8,746  
    TAXES & LICENSES 3,171   3,171  
    FLORIDA SALES TAX 3,193   3,193