2024-12-06T13:20:27-06:00 2024-03-31 381357951 PLANTE MORAN 10 S RIVERSIDE PLAZA CHICAGO IL 60606 990 2023-04-01 471545753 PRESBYTERIAN HOMES PRES 8479793902 8707 SKOKIE BOULEVARD 400 SKOKIE IL 60077 NADIM ABI-ANTOUN CHIEF EXECUTIVE OFFICER 8479793902 2024-12-03 1 1 DAVID LOWENTHAL P00378651 3122071040 2024-12-03 2023 2024-10-15 13:58:12Z NADIM ABI-ANTOUN 8707 SKOKIE BOULEVARD 400 SKOKIE IL 60077 167075354 0 X WWW.PRESBYTERIANHOMES.ORG X 2014 IL PRESBYTERIAN HOMES, A FAITH BASED NOT FOR PROFIT, CREATES VIBRANT COMMUNITIES FOR OLDER ADULTS THAT INSPIRE WELLNESS, INDEPENDENCE, JOY, AND SECURITY - ENRICHING THE LIVES OF RESIDENTS AND THEIR FAMILIES. 15 15 1021 285 0 0 1711858 4596511 85994775 94452519 5130889 6784718 3983861 5924652 96821383 111758400 0 0 0 0 43337041 46301542 0 0 0 52704872 51653610 96041913 97955152 779470 13803248 448238138 466853965 351267674 349341700 96970464 117512265 X PRESBYTERIAN HOMES, A FAITH BASED NOT FOR PROFIT, CREATES VIBRANT COMMUNITIES FOR OLDER ADULTS THAT INSPIRE WELLNESS, INDEPENDENCE, JOY, AND SECURITY - ENRICHING THE LIVES OF RESIDENTS AND THEIR FAMILIES. 0 0 38603040 48908837 LAKE FOREST PLACE AND THE MOORINGS OF ARLINGTON HEIGHTS ("THE MOORINGS") ARE NOT-FOR-PROFIT INDEPENDENT LIVING, LIFE PLAN COMMUNITIES (FORMERLY KNOWN AS CONTINUING CARE RETIREMENT COMMUNITIES). INDEPENDENT LIVING FACILITIES AT LAKE FOREST PLACE AND THE MOORINGS CONSIST A TOTAL OF 536 APARTMENTS, VILLAS AND COTTAGES. AVAILABLE RESIDENTIAL SERVICES INCLUDE FLEXIBLE DINING OPTIONS, HOUSEKEEPING AND COMPLETE MAINTENANCE SERVICES, TRANSPORTATION AS WELL AS PLANNED SOCIAL AND EDUCATIONAL ACTIVITIES AND PROGRAMS. TEN TWENTY GROVE IS AN INDEPENDENT LIVING FACILITY CONSISTING OF 47 APARTMENTS. DURING THE FILING YEAR, THE THREE INDEPENDENT LIVING FACILITIES SERVED A TOTAL OF 796 INDEPENDENT LIVING RESIDENTS DURING THE FILING YEAR. 16975119 18833425 ASSISTED FACILITIES AT LAKE FOREST PLACE AND THE MOORINGS CONSIST OF 144 UNITS. THE PROGRAM PROVIDES CARE TO OLDER ADULTS WHO NEED ASSISTANCE WITH PERSONAL CARE AND DAILY ACTIVITIES. BOTH FACILITIES SERVED A TOTAL OF 198 ASSISTED LIVING RESIDENTS DURING THE FILING YEAR. 26382360 26523379 LAKE FOREST PLACE AND THE MOORINGS HEALTH CARE CENTERS PROVIDE NURSING CARE FOR BOTH SHORT AND LONG TERM STAYS. RESPITE, REHABILITATION, AND PROGRAMS TO CARE FOR THOSE WITH ALZHEIMER'S DISEASE AND OTHER COGNITIVE IMPAIRMENTS ARE ALSO AVAILABLE. LAKE FOREST PLACE HEALTH CARE CENTER CONSISTS OF 50 SKILLED, MEDICARE-CERTIFIED NURSING BEDS. THE MOORINGS HEALTH CARE CENTER CONSISTS OF 57 SKILLED, MEDICARE-CERTIFIED NURSING BEDS AND 39 INTERMEDIATE AND MEMORY CARE BEDS. THE TWO HEALTH CARE CENTERS SERVED A TOTAL OF 779 RESIDENTS DURING THE FILING YEAR. 1867777 REVENUE IS RELATED TO PROCEEDS FROM INSURANCE CLAIMS AND INCOME FROM OTHER PROGRAM ACTIVITIES. 1867777 81960519 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 X 109 0 1 1021 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MARK HAVRILKA 8479793904 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 VINCE KELLY DIRECTOR /CO-CHAIR 1.00 2.00 X X 0 0 0 ERIC MOLLMAN DIRECTOR /CO-CHAIR 1.00 2.00 X X 0 0 0 MARK WETZEL DIRECTOR /TREASURER 1.00 2.00 X X 0 0 0 ELINOR HITE DIRECTOR /SECRETARY 1.00 2.00 X X 0 0 0 JIM BRAULT DIRECTOR 1.00 2.00 X 0 0 0 ROBERT DEARBORN DIRECTOR 1.00 2.00 X 0 0 0 CHARLIE DENISON DIRECTOR 1.00 2.00 X 0 0 0 DAVID DONNERSBERGER DIRECTOR-THRU 11/2023 1.00 2.00 X 0 0 0 MONICA HEENAN DIRECTOR 1.00 2.00 X 0 0 0 REV MICHAEL KIRBY DIRECTOR 1.00 2.00 X 0 0 0 MIKE LINCOLN DIRECTOR 1.00 2.00 X 0 0 0 DENNIS MARX DIRECTOR 1.00 2.00 X 0 0 0 THOMAS MCAFEE DIRECTOR 1.00 2.00 X 0 0 0 PAULA NOBLE DIRECTOR 1.00 2.00 X 0 0 0 JULIE SEYMOUR DIRECTOR 1.00 2.00 X 0 0 0 JESSICA STRAUSBAUGH DIRECTOR 1.00 2.00 X 0 0 0 NADIM ABI-ANTOUN CEO 19.00 18.50 X 677282 0 274770 SHANNON GUTIERREZ COO 24.50 13.00 X 162978 0 25271 MARK HAVRILKA CFO 24.50 13.00 X 523485 0 137880 LISA VANDERMARK EXEC. DIR. THE MOORINGS 37.50 0.00 X 268422 0 58202 LESLIE GREEN EXEC. DIR. LAKE FOREST PLACE 37.50 0.00 X 258069 0 42187 RAMONA WILT VP, MARKETING AND SALES 24.50 13.00 X 266673 0 52865 ALPANA PATEL VP, CLINICAL SERVICES 24.50 13.00 X 222974 0 34106 JONATHAN KASPAR HC ADMINISTRATOR, THE MOORINGS 37.00 0.00 X 176391 0 37954 LINDSEY AUMICK DIRECTOR OF FINANCE 24.50 13.00 X 220257 0 17855 CHERYL MILLER DIRECTOR OF RISK, COMPLIANCE & LEGAL 24.50 13.00 X 183367 0 31954 TODD SWORTZEL EXECUTIVE ADVISOR / FORMER CEO 15.00 22.50 X 874298 0 278572 ANDREW WISSEL DIRECTOR, HUMAN RESOURCES 24.50 13.00 X 205292 0 32491 4039488 0 1024107 51 1 1 0 UNIDINE CORPORATION 1000 WASHINGTON STREET SUITE 510 BOSTON MA 02118 DINING / FOOD SERVICES 4802530 DULCIGNO BUILDERS 7336 RIDGEWAY AVE SKOKIE IL 60076 CONSTRUCTION 3254743 GREENLEAF CABINETS INC 37 SHERWOOD TERRACE SUITE 108 LAKE BLUFF IL 60044 CONSTRUCTION 3235934 SKENDER CONSTRUCTION LLC 1330 W FULTON ST STE 200 CHICAGO IL 60607 CONSTRUCTION 2700298 HEALTHPRO HERITAGE 307 INTERNATIONAL CIRCLE SUITE 100 HUNT VALLEY MD 21030 THERAPY MANAGEMENT AND CONSULTING SVCS 2430917 36 4596511 4596511 INDEPENDENT LIVING FEES 623000 34263013 34263013 HEALTH CARE FEES 623000 26523379 26523379 ASSISTED LIVING FEES 623000 18833425 18833425 DEFERRED ENTRANCE FEE INCOME 623000 14645824 14645824 186878 186878 94452519 5206471 5206471 30900 0 30900 30900 30900 56406000 53112324 1715429 3293676 -1715429 1578247 1578247 458566 489201 -30635 -30635 MANAGEMENT FEES 561000 4243488 4243488 NET PROCEEDS FROM INSURANCE CLAIM 623000 1680899 1680899 5924387 111758400 96133418 0 11028471 2551743 2551743 35514493 29085190 6429303 1674538 1102519 572019 3918391 3426216 492175 2642377 2160494 481883 612814 612814 235825 235825 126961 126961 8723500 7780403 943097 1834536 1834536 267824 174884 92940 1467687 1183104 284583 306321 59256 247065 10130 589 9541 4342372 4091945 250427 21716935 21421749 295186 1093822 995141 98681 BUILDING SERVICES AND U 4672446 4604888 67558 FOOD COSTS AND DINING S 2860818 2860818 RE AND PROVIDER TAX 2360624 2360321 303 1020995 653002 367993 97955152 81960519 15994633 0 9043713 7246622 21682774 26381365 1234729 1817077 1663612 3728536 523823434 244536122 279939715 279287312 124838440 141706294 9835155 6686759 448238138 466853965 20588227 17286661 101692115 105108424 134007012 127848878 94980320 99097737 351267674 349341700 X 96970464 117512265 96970464 117512265 448238138 466853965 X 13803248 6811827 -73274 X 0 1 X 1 0 X 2170057 5895285 1794606 1711858 4596511 16168317 73199933 76612219 78928719 85994775 94452519 409188165 471368 186437 343316 425725 458566 1885412 75841358 82693941 81066641 88132358 99507596 427241894 2170057 4413710 1735053 1711858 4596511 14627189 0 2170057 4413710 1735053 1711858 4596511 14627189 412614705 3880887 2989315 3027963 4151340 5237371 19286876 3880887 2989315 3027963 4151340 5237371 19286876 3592879 3413380 3723223 3901087 4243488 18874057 83315124 89096636 87817827 96184785 108988455 465402827 0.88660 0.88830 0.04140 0.04270 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MANAGEMENT FEE - 2019 AMOUNT: $ 3,592,879. 2020 AMOUNT: $ 3,413,380. 2021 AMOUNT: $ 3,723,223. 2022 AMOUNT: $ 3,901,087. 2023 AMOUNT: $ 4,243,488. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 20000 20000 0 PART II-B, LINE 1: PRESBYTERIAN HOMES ENGAGED A LOBBYIST DURING THE YEAR. EXPENSES INCURRED RELATED TO ACTIVITIES SUCH AS CONTACTING LEGISLATORS. 19642759 19642759 450610468 209160413 241450055 620451 357562 262889 51330792 35018147 16312645 1618964 1618964 279287312 SAFEKEEPING 896825 DEPOSITS - ENTRANCE FEES 1851017 REFUNDABLE ENTRANCE FEES 93922415 OTHER LIABILITIES 663129 DEFERRED COMPENSATION 745151 LEASE LIABILITY 1019200 99097737 X PART X, LINE 2: PRESBYTERIAN HOMES, WESTMINSTER PLACE, AND GENEVA FOUNDATION OF PRESBYTERIAN HOMES ARE NOT-FOR-PROFIT CORPORATIONS AND ARE EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). LAKE FOREST PLACE, THE MOORINGS, TEN TWENTY GROVE, PH MANAGER, AND PH OUTPATIENT REHABILITATION ARE SINGLE-MEMBER LIMITED LIABILITY COMPANIES AND, THEREFORE, ARE CONSIDERED TO BE DISREGARDED ENTITIES FOR TAX PURPOSES. ACCORDINGLY, NO TAX PROVISION IS REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PRESBYTERIAN HOMES, WESTMINSTER PLACE, AND THE FOUNDATION FOLLOW THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. PRESBYTERIAN HOMES, WESTMINSTER PLACE, AND THE FOUNDATION FILE INFORMATIONAL RETURNS AS TAX-EXEMPT ORGANIZATIONS. THE INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. X X X X 0 1 0 0 0 0 0 1 0 TODD SWORTZEL EXECUTIVE ADVISOR / FORMER CEO 558035 0 116950 0 199313 0 275158 0 3414 0 1152870 0 173622 0 NADIM ABI-ANTOUN CEO 467168 0 119938 0 90176 0 244055 0 30715 0 952052 0 40500 0 MARK HAVRILKA CFO 345520 0 89199 0 88766 0 111918 0 25962 0 661365 0 39975 0 LISA VANDERMARK EXEC. DIR. THE MOORINGS 187537 0 26553 0 54332 0 33646 0 24556 0 326624 0 21787 0 RAMONA WILT VP, MARKETING AND SALES 222867 0 40525 0 3281 0 34551 0 18314 0 319538 0 0 0 LESLIE GREEN EXEC. DIR. LAKE FOREST PLACE 200521 0 24479 0 33069 0 28516 0 13671 0 300256 0 31460 0 ALPANA PATEL VP, CLINICAL SERVICES 166408 0 33476 0 23090 0 30133 0 3973 0 257080 0 0 0 LINDSEY AUMICK DIRECTOR OF FINANCE 184139 0 35772 0 346 0 9856 0 7999 0 238112 0 0 0 ANDREW WISSEL DIRECTOR, HUMAN RESOURCES 136701 0 27075 0 41516 0 7793 0 24698 0 237783 0 33795 0 CHERYL MILLER DIRECTOR OF RISK, COMPLIANCE & LEGAL 153593 0 28998 0 776 0 8101 0 23853 0 215321 0 0 0 JONATHAN KASPAR HC ADMINISTRATOR, THE MOORINGS 149846 0 19500 0 7045 0 8407 0 29547 0 214345 0 0 0 SHANNON GUTIERREZ COO 162500 0 0 0 478 0 24375 0 896 0 188249 0 0 0 PART I, LINE 4B PART I, LINE 4B - PRESBYTERIAN HOMES HAS ESTABLISHED A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. THE ORGANIZATION'S ACCRUALS INTO THE PLAN ARE RECORDED ON THE 990 AS DEFERRED COMPENSATION. HOWEVER, THESE MONIES VEST OVER A FIVE-YEAR PERIOD AND ARE ONLY ELIGIBLE TO BE RECEIVED BASED UPON THE ACHIEVEMENT OR SATISFACTION OF SOME FUTURE EVENT. THE PLAN CONTRIBUTIONS ARE NOT UNDER THE CONTROL OF THE EXECUTIVE, THEY REMAIN THE ASSET OF THE ORGANIZATION, AND THE ENTIRE PLAN IS SUBJECT TO A FULL RISK OF FORFEITURE BY THE INDIVIDUAL. DURING THE YEAR THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN: TODD SWORTZEL, MARK HAVRILKA, NADIM ABI-ANTOUN, ANDREW WISSEL, LESLIE GREEN, AND LISA VANDERMARK. DURING THE YEAR TODD SWORTZEL RECEIVED PAYMENTS TOTALING $173,622 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR NADIM ABI-ANTOUN RECEIVED PAYMENTS TOTALING $40,500 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR MARK HAVRILKA RECEIVED PAYMENTS TOTALING $39,975 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR LISA VANDERMARK RECEIVED PAYMENTS TOTALING $21,787 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR ANDREW WISSEL RECEIVED PAYMENTS TOTALING $33,795 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR LESLIE GREEN RECEIVED PAYMENTS TOTALING $31,460 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. EFFECTIVE APRIL 1, 2021, PRESBYTERIAN HOMES HAS ESTABLISHED AN EXECUTIVE RETENTION BONUS PROGRAM, A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION AGREEMENT. THE ORGANIZATION'S ACCRUALS INTO THE AGREEMENT ARE RECORDED ON THE 990 AS DEFERRED COMPENSATION. THESE COMPENSATIONS ARE VESTED OVER A THREE-YEAR PERIOD FOR THE CEO AND COO, AND A FOUR-YEAR PERIOD FOR THE CFO, AND ARE SUBJECT TO EXECUTIVE'S SATISFACTION OF THE TERMS AND CONDITIONS OF THE AGREEMENT. THE CONTRIBUTIONS OF THIS AGREEMENT ARE NOT UNDER THE CONTROL OF THE EXECUTIVE, AND THEY REMAIN THE ASSET OF THE ORGANIZATION. THE ENTIRE AGREEMENT IS SUBJECT TO A FULL RISK OF FORFEITURE BY THE INDIVIDUAL. DURING THE YEAR THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS RETENTION BONUS PROGRAM: TODD SWORTZEL, NADIM ABI-ANTOUN AND MARK HAVRILKA. PART I, LINE 7 AS INDICATED IN SCHEDULE J, PART II, THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION RECEIVED A BONUS BASED ON PERFORMANCE, QUALITY AND CENSUS METRICS AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THIS BONUS WAS APPROVED BY BOARD OF DIRECTORS UPON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. A ILLINOIS FINANCE AUTHORITY 861091967 45204EBD9 2016-04-27 114484316 TO REFUND THE SERIES 1996A, 2001, 2006 AND 2007 BONDS 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 2016-09-30 69615000 TO FUND CAMPUS EXPANSION AT THE MOORINGS OF ARLINGTON HEIGHTS 0 0 0 C ILLINOIS FINANCE AUTHORITY 861091967 45204FHL2 2021-03-31 70917301 TO REFUND SERIES 2016B BONDS & FUND COSTS OF CERTAIN WESTMINSTER FACILITIES 0 0 0 A 53973770 100253916 1586771 8252145 90415000 2016 1 0 1 1 B 8805755 69615000 400000 69215000 2018 0 0 1 1 C 29423520 525420 28898100 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 1 0 0 1 1 THE HUNTINGTON NATIONAL BANK 7.400000000000 0 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/19/2021 SCHEDULE K, PART I AND II, LINE 3, BOND A: THE 2016 BOND WAS ISSUED FOR THE BENEFIT OF LAKE FOREST PLACE, LLC (A DISREGARDED ENTITY OF PRESBYTERIAN HOMES). TOTAL PROCEEDS FOR THE BOND IS $114,484,316. $100,253,916 OF THE TOTAL PROCEEDS IS ALLOCABLE TO PRESBYTERIAN HOMES. THE REMAINING PROCEEDS OF $14,230,400 ARE REPORTED ON THE FORM 990, SCHEDULE K OF WESTMINSTER PLACE. SCHEDULE K, PART II, LINE 7, BOND A: TOTAL ISSUANCE COST FOR THE BOND IS $1,817,171. $1,586,771 OF THE TOTAL COST IS ALLOCABLE TO PRESBYTERIAN HOMES. THE REMAINING COST OF $230,400 IS REPORTED ON THE FORM 990, SCHEDULE K OF WESTMINSTER PLACE. SCHEDULE K, PART I AND II, LINE 3, BOND C: THE 2021 BOND WAS ISSUED FOR THE BENEFIT OF LAKE FOREST PLACE, LLC (A DISREGARDED ENTITY OF PRESBYTERIAN HOMES). TOTAL PROCEEDS FOR THE BOND IS $ $70,917,301. $29,423,520 OF THE TOTAL PROCEEDS IS ALLOCABLE TO PRESBYTERIAN HOMES. THE REMAINING PROCEEDS OF $41,493,781 ARE REPORTED ON THE FORM 990, SCHEDULE K OF WESTMINSTER PLACE. SCHEDULE K, PART II, LINE 7, BOND C: TOTAL ISSUANCE COST FOR THE BOND IS $1,002,040. $525,420 OF THE TOTAL COST IS ALLOCABLE TO PRESBYTERIAN HOMES. THE REMAINING COST OF $476,620 IS REPORTED ON THE FORM 990, SCHEDULE K OF WESTMINSTER PLACE. FORM 990, PART VI, SECTION A, LINE 1: THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, THE VICE CHAIR, THE SECRETARY, THE TREASURER, AND SUCH ADDITIONAL MEMBERS OF THE BOARD AS FROM TIME TO TIME MAY BE DETERMINED BY THE BOARD OF DIRECTORS. THE PRESIDENT/CEO SHALL BE A NON-VOTING ATTENDEE AT ALL MEETINGS OF THE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN EMERGENCIES WHEN CONVENING THE FULL BOARD IS NOT PRACTICABLE AND SHALL REPORT ITS ACTIONS TO THE BOARD AT THE EARLIEST OPPORTUNITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS THEN PRESENTED TO THE AUDIT COMMITTEE, WHICH ACTS AS A REPRESENTATIVE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THIS IS ACCOMPLISHED PRIOR TO THE FILING OF THE FORM 990. THE AUDIT COMMITTEE FORWARDS ITS RECOMMENDATION FOR ACCEPTANCE OF THE FORM 990 TO THE BOARD OF DIRECTORS. COPIES OF THE FORM 990 ARE ALSO FORWARDED TO THE ENTIRE BOARD FOR THEIR REVIEW AND COMMENT PERIOD. THE BOARD THEN ACTS ON THE RECOMMENDATION OF THE AUDIT COMMITTEE PRIOR TO THE 990'S BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AN EXTENSIVE CONFLICT OF INTEREST POLICY WAS ADOPTED IN APRIL 2001 AND MOST RECENTLY REVISED IN 2019. THE POLICY DEFINES COVERED FIDUCIARIES AS PERSONS TO WHOM THIS POLICY APPLIES, AND INCLUDES ALL DIRECTORS, OFFICERS, IDENTIFIED KEY EMPLOYEES AND AGENTS OF PRESBYTERIAN HOMES. AN ANNUAL DISCLOSURE FORM IS PROVIDED TO ALL IDENTIFIED COVERED FIDUCIARIES FOR COMPLETION AND RETURN. PRESBYTERIAN HOMES ALSO ASKS ALL COVERED FIDUCIARIES TO PROVIDE DISCLOSURE WHENEVER CONFLICTS OR DUALITIES OF INTEREST ARISE OR ARE SUSPECTED. IN ADDITION, THE BOARD OR BOARD COMMITTEE CHAIR SHALL REMIND DIRECTORS AT ALL MEETINGS OF THE BOARD OR BOARD COMMITTEE TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OR DUALITIES AS ONE OF THEIR ONGOING DUTIES UNDER THE POLICY. COVERED FIDUCIARIES ARE REQUIRED TO DISCLOSE ANY FACTS OR CIRCUMSTANCES THAT MIGHT GIVE RISE TO POTENTIAL CONFLICTS OR DUALITIES. THE PRESIDENT/CEO OR HIS/HER DESIGNEE REVIEWS THE ANNUAL DISCLOSURE STATEMENTS SUBMITTED BY COVERED FIDUCIARIES AND DETERMINE SPECIFICALLY ANY ACTUAL OR POTENTIAL CONFLICTS OR DUALITIES OF INTEREST. THE PRESIDENT/CEO/DESIGNEE SHALL ADVISE THE APPROPRIATE BOARD OR BOARD COMMITTEE CHAIR AND THE AFFECTED COVERED FIDUCIARY(IES) ON THOSE MATTERS FOR WHICH CERTAIN COVERED FIDUCIARIES SHOULD NOT VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF PRESBYTERIAN HOMES IS RESPONSIBLE FOR ALL COMPENSATION AND BENEFIT MATTERS FOR SENIOR MANAGEMENT AND KEY EMPLOYEES. PRESBYTERIAN HOMES ANNUALLY PARTICIPATES IN AN INDUSTRY SPECIFIC EXECUTIVE COMPENSATION SURVEY. THE RESULTS OF THIS SURVEY ARE REVIEWED BY MANAGEMENT AND SHARED WITH THE COMMITTEE AS NECESSARY. IN ADDITION THE COMMITTEE REGULARLY ENGAGES AN EXTERNAL COMPENSATION CONSULTING FIRM TO ASSIST IN ITS REVIEW OF THE LEVEL OF COMPENSATION, INCENTIVES AND BENEFITS FOR SENIOR EXECUTIVES AND KEY EMPLOYEES EVERY THREE YEARS. THE COMPENSATION CONSULTANTS ACCUMULATE AND PRESENT TO THE COMPENSATION COMMITTEE MARKET INFORMATION FOR EACH SENIOR EXECUTIVE POSITION, SUMMARIZE INDIVIDUAL EXECUTIVE COMPENSATION, INCENTIVE AND BENEFITS PACKAGES AND BENCHMARK THAT INFORMATION TO THE INDUSTRY DATA THEY HAVE ACCUMULATED. ANNUALLY, THE ORGANIZATION'S STAFF AND/OR THE BOARD OF DIRECTORS PREPARES PERFORMANCE REVIEWS FOR ALL SENIOR MANAGERS AND KEY EMPLOYEES AND MAKES A RECOMMENDATION TO THE COMPENSATION COMMITTEE REGARDING COMPENSATION, INCENTIVES AND BENEFITS ADJUSTMENTS. THE COMPENSATION COMMITTEE CONSIDERS THE PERFORMANCE RECOMMENDATION, COMPARISONS OF TOTAL COMPENSATION BY EXECUTIVE TO MARKET COMPENSATION PERCENTILE FOR INDUSTRY EXECUTIVES WITH SIMILAR JOB TITLES AND/OR SKILL SETS, AND ORGANIZATIONAL NEEDS IN TERMS OF MEETING THE CHALLENGES OF THE UNIQUE BUSINESS OF PROVIDING SENIOR CARE SERVICES. THE COMPENSATION COMMITTEE MAKES A RECOMMENDATION REGARDING COMPENSATION AND BENEFITS CHANGES FOR SENIOR MANAGEMENT WHICH IS APPROVED ANNUALLY BY THE FULL BOARD OF DIRECTORS WITHIN THE BUDGET PROCESS. THE COMPENSATION COMMITTEE PROCEEDINGS ARE CONTEMPORANEOUSLY DOCUMENTED AND MINUTES ARE MAINTAINED AND ON FILE AT THE CORPORATE OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE PUBLIC. FOR THE INFORMATION CONTACT THE CHIEF FINANCIAL OFFICER, MARK HAVRILKA AT PRESBYTERIAN HOMES, 8707 SKOKIE BOULEVARD, SUITE 400, SKOKIE, IL 60077. THE FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE ILLINOIS ATTORNEY GENERAL'S OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN MARKET VALUE OF SWAP -99,784. CAPTIVE MEMBER'S SAVING ALLOCATION 26,510. LAKE FOREST PLACE LLC 1100 PEMBRIDGE DRIVE LAKE FOREST IL 60045 472210722 LIFE PLAN COMMUNITY IL 55079334 256672397 PRESBYTERIAN HOMES TEN TWENTY GROVE 1020 GROVE STREET EVANSTON IL 60201 472216648 INDEPENDENT LIVING IL 1191329 5037663 PRESBYTERIAN HOMES THE MOORINGS OF ARLINGTON HEIGHTS LLC 811 E CENTRAL ROAD ARLINGTON HEIGHTS IL 60005 472235160 LIFE PLAN COMMUNITY IL 48778477 159670657 PRESBYTERIAN HOMES PRESBYTERIAN HOMES MANAGER LLC 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 472195328 MANAGEMENT SERVICES IL 6215906 53268474 PRESBYTERIAN HOMES PRESBYTERIAN HOMES OUTPATIENT REHAB AGENCY LLC 3200 GRANT STREET EVANSTON IL 60201 611748512 OUTPATIENT REHABILITATION IL 493355 103900 PRESBYTERIAN HOMES MANAGER LLC GENEVA FOUNDATION 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 710945228 SUPPORTING ORGANIZATION IL 501(C) (3) LINE 12A, I PRESBYTERIAN HOMES 1 WESTMINSTER PLACE 3200 GRANT STREET EVANSTON IL 60201 362167832 LIFE PLAN COMMUNITY IL 501(C) (3) LINE 10 PRESBYTERIAN HOMES 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 GENEVA FOUNDATION OF PRESBYTERIAN HOMES C 4596511 CASH RECEIVED GENEVA FOUNDATION OF PRESBYTERIAN HOMES O 438743 CASH RECEIVED GENEVA FOUNDATION OF PRESBYTERIAN HOMES O 316164 CASH RECEIVED WESTMINSTER PLACE O 3927324 CASH RECEIVED WESTMINSTER PLACE O 60000 CASH PROVIDED WESTMINSTER PLACE N 59256 CASH PROVIDED