2023-11-07T23:30:13+00:00 2022-12-31 350921680 CROWE LLP 750 N St Paul Suite 850 Dallas TX 752013246 990 2022-01-01 363166804 Oakside Corporation OAKS 8159331671 350 N Wall Street Kankakee IL 60901 Phillip Kambic CEO 8159331671 2023-11-07 true Patricia Vilt 999009999 Amy Bellanca P01572961 2147775200 2022 2023-04-26 12:10:37Z Phillip Kambic 350 N Wall Street Kankakee IL 60901 3359564 false X n/a X 1982 IL To further the establishment, maintenance, and provision of a broad range of human services to individuals, institutions, and organizations that emphasize the treatment and prevention of disabling conditions. 7 5 46 5 0 0 0 0 2283056 2431170 1939319 443422 -54626 164981 4167749 3039573 0 0 0 1172419 958947 0 0 0 1470248 1902313 2642667 2861260 1525082 178313 39456685 36054153 10120327 8366707 29336358 27687446 To further the establishment, maintenance, and provision of a broad range of human services to individuals, institutions, and organizations that emphasize the treatment and prevention of disabling conditions, including but not limited to rehabilitation education programs, specialized information services and referral systems, and such treatment and rehabilitative programs or facilities as are licensed to operate. Oakside provides care to patients and residents who meet certain criteria under its charity care policy without charge or at amounts less than their established rates. Patients are treated without regard to their ability to pay for such services. false false 2635913 0 2560500 Oakside Corporation provides the area's only medically-based Health Fitness Center that integrates fitness, wellness and rehabilitation. The Health Fitness Center provides a medically-based approach to addressing the three main components of a healthy lifestyle: nutrition, exercise, and stress management. The Health Fitness Center offers a wide range of programs and services for individuals of all ages; swim lessons for all ages, childcare for members, family fitness, family swim, a warm water therapy pool, land and aquatic fitness classes for adults and seniors, fitness equipment, indoor track, racquetball courts, wellness management, massage, nutritional services and a Parkinson's exercise program. The Health Fitness Center also has the Riverside Diabetes Wellness Center and Riverside Pediatric Therapy services on site. 0 0 35651 OAKSIDE CORPORATION PROVIDES BUILDING RENTAL TO RIVERSIDE MEDICAL CENTER TO FURTHER ITS MISSION. 2635913 true false false false false false false false false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 8 0 true 46 true false false false false false false false false false false false false X 7 5 false true false false true true true true true false false true true true true true true false false true true IL X Richard Schiltz 8159357256 350 N Wall Street Kankakee IL 60901 Harry Simmon Vice Chairman 1.0 2.0 X X 0 0 0 Patrick Martin Chairman 1.0 1.0 X X 0 0 0 Phillip Kambic President/CEO 1.0 43.0 X X 0 1258830 242843 Bruce Payne Director 1.0 2.0 X 0 0 0 Harry Bond Director 1.0 2.0 X 0 0 0 Saroja Yalamanchili MD Director (beg. Dec. 2022) 1.0 2.0 X 0 651019 38368 Tim Milner Director 1.0 2.0 X 0 0 0 Casey Ashline Executive Director - Fitness Center (thru Aug. 2022) 40.0 0 X 117238 0 16206 Pamela Hull Assistant Secretary 1.0 39.0 X 0 101937 26240 Patricia K Vilt Treasurer/CFO 1.0 43.0 X 0 433155 49236 Bill Douglas Former Officer 0.0 40.0 X 0 180463 45311 117238 2625404 418204 1 true true false Power Wellness Management LLC 851 Oak Creek Dr Lombard IL 60148 management services 434775 1 0 HEALTH FITNESS CENTER 713940 2395519 2395519 RENTAL INCOME - AFFILIATES 531120 35651 35651 0 0 0 0 2431170 560691 560691 0 0 2656 119925 -119925 2656 -117269 -117269 365047 200066 164981 164981 0 0 0 0 0 3039573 2596151 0 443422 132925 132925 689719 569392 120327 15111 12887 2224 65365 55743 9622 55827 47609 8218 273613 232571 41042 24000 24000 43914 43914 225988 225988 0 0 58760 58760 96644 96644 2743 2743 593155 593155 3384 3384 79453 79453 346255 346255 76975 76975 EQUIPMENT REPAIRS/MAINTENANCE 36728 36728 BANK FEES 31910 31910 SUBSCRIPTIONS 8791 8791 0 0 0 0 2861260 2635913 225347 0 8358102 6893754 139311 4270 0 0 0 0 2089182 2084275 110634 50418 101991 108977 19825296 10244970 9788409 9580326 18869056 17332133 0 0 0 0 39456685 36054153 8563193 7033214 144658 188235 1301243 1145258 0 0 111233 0 10120327 8366707 X 29336358 27687446 29336358 27687446 39456685 36054153 X 178313 -1935395 108170 X false true X true false X X 1 RIVERSIDE MEDICAL CENTER 362414944 3 false 0 0 1 0 0 false false false false false false false false false false false false false false false true true true X true true Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name THE OAKSIDE CORPORATION BYLAWS STATE THE ORGANIZATION'S PURPOSES INCLUDE: TO AID, ASSIST AND CONFER BENEFITS UPON RIVERSIDE HEALTH SYSTEM AND ANY OF ITS AFFILIATES AS NECESSARY AND APPROPRIATE. The supported organization, Riverside Medical Center, is an obligated affiliate of Riverside Health System. Schedule A, Part IV, Section D, Line 3 Supp. Org. Have Significant Voice In Investment Policies The presence of common board members and officers between the supporting organization and the supported organization ensures that the supported organization has a significant voice in the supporting organization's investment policies and use of its assets. Schedule A, Part IV, Section E, Line 2a Org. Activities Directly Further The Exempt Purposes OAKSIDE CORPORATION PROVIDES HEALTH CARE SERVICES IN A CHARITABLE MANNER AND SUPPORTS RIVERSIDE MEDICAL CENTER'S PURPOSE OF MEETING THE HEALTHCARE NEEDS OF THE SURROUNDING KANKAKEE AND WILL COUNTY COMMUNITIES. THE ORGANIZATION'S ACTIVITIES FURTHER RMC'S EXEMPT PURPOSE BY UTILIZING SUBSTANTIALLY ALL OF ITS FACILITIES AND SERVICES TO BENEFIT THESE COMMUNITIES. SUCH ACTIVITIES INCLUDE PROVIDING: - A FACILITY THAT INTEGRATES FITNESS, WELLNESS, AND REHABILITATION FOR INDIVIDUALS OF ALL AGES. Schedule A, Part IV, Section E, Line 2b Activities That One Or More Supp. Org. Engaged In RIVERSIDE MEDICAL CENTER'S PURPOSE IS TO MEET THE HEALTH CARE NEEDS OF OUR COMMUNITY BY PROVIDING A COMPREHENSIVE ARRAY OF HIGH-VALUE AND QUALITY SERVICES IN A CARING & EFFECTIVE MANNER. OAKSIDE CORPORATION PROVIDES BUILDINGS, EQUIPMENT, AND SERVICES FOR THE BENEFIT OF THE COMMUNITY TO ACCOMPLISH THIS PURPOSE. 5925631 5925631 9198032 6598225 2599807 1408454 1212869 195585 3293179 2433876 859303 9580326 OTHER LONG TERM LIABILITIES 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote RHS AND ITS OBLIGATED AFFILIATES ACCOUNT FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ASC SUBTOPIC 740-10, INCOME TAXES - OVERALL. ASC SUBTOPIC 740-10 ADDRESSES THE DETERMINATION OF HOW TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE SPECIAL-PURPOSE COMBINED FINANCIAL STATEMENTS. UNDER ASC SUBTOPIC 740-10, RHS AND ITS OBLIGATED AFFILIATES MUST RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE SPECIAL-PURPOSE COMBINED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. ASC SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS, AND REQUIRES INCREASED DISCLOSURES. RHS AND ITS OBLIGATED AFFILIATES DO NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. RHS AND ITS OBLIGATED AFFILIATES ARE SEPARATE NOT-FOR-PROFIT CORPORATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. false true false false false false false false false Phillip Kambic President/CEO 0 787355 0 187063 0 284412 0 218124 0 24719 0 1501673 0 233482 Saroja Yalamanchili MD Director (beg. Dec. 2022) 0 627522 0 14160 0 9337 0 32700 0 5668 0 689387 0 0 Bill Douglas Former Officer 0 123656 0 54692 0 2115 0 28534 0 16777 0 225774 0 54692 Patricia K Vilt Treasurer/CFO 0 351424 0 68300 0 13431 0 36056 0 13180 0 482391 0 2167 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE ORGANIZATION RELIED ON RIVERSIDE MEDICAL CENTER, A RELATED TAX-EXEMPT ORGANIZATION, to establish and pay compensation of the organization's CEO. Riverside Medical Center used the following to establish reasonable compensation: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPARABILITY DATA AND REQUIRED APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan HE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) PLAN WITH A RELATED ORGANIZATION, RIVERSIDE MEDICAL CENTER. Total contributions to the plan for the year ended December 31, 2022 are as follows: PHILLIP KAMBIC - $179,324 PATRICIA VILT- $17,756 AMOUNTS INCLUDED IN INCOME FOR THIS PLAN for the year ended December 31, 2022, were as follows: PHILLIP KAMBIC - $233,482 BILL DOUGLAS - $54,692 PATRICIA K. VILT - $2,167 Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION The top management official, other officers, and key employees are compensated by Riverside Medical Center (RMC), a related tax exempt organization, therefore, lines 15a and 15b have been answered "no" in accordance with the instructions to the Form 990. THE FOLLOWING PROCESS IS UNDERTAKEN BY RMC: RIVERSIDE MEDICAL CENTER'S EXECUTIVE TOTAL COMPENSATION PROGRAM IS GOVERNED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS OF THE SYSTEM BOARD WHO HAVE NO PERSONAL INTEREST IN ANY EXECUTIVE COMPENSATION TRANSACTIONS. THE COMMITTEE GOVERNS THE SYSTEM'S EXECUTIVE TOTAL COMPENSATION PROGRAM FOR ALL POSITIONS AT THE LEVEL OF VICE PRESIDENT, AND ABOVE. EACH YEAR THE COMMITTEE ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IN DETERMINING APPROPRIATE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. IN SETTING THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THE EXECUTIVE COMMITTEE RELIES ON RECENT INDEPENDENT COMPENSATION STUDIES THAT PROVIDE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE ORGANIZATIONS TO SUPPORT ITS DECISION-MAKING PROCESS. THE COMMITTEE FOLLOWS ALL STEPS REQUIRED BY THE INTERNAL REVENUE SERVICE (IRS) TO QUALIFY FOR THE SAFE HARBOR UNDER THE INTERMEDIATE SANCTIONS REGULATIONS. THE COMMITTEE ADEQUATELY DOCUMENTS ITS COMPENSATION DETERMINATIONS AND DELIBERATIONS REGARDING COMPENSATION IN THE MINUTES ON A TIMELY BASIS. THIS PROCESS WAS LAST UNDERTAKEN IN 2022. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee membership will be the Chair of the RHS Board, the Vice Chair of the RHS Board, and 2 members at large from the RHS Board, and Chairman of the Finance Committee. Each Committee member has been determined by the Board not to have a conflict of interest with respect to the compensation transaction(s) to be reviewed. At the start of the year, each member will review the organization's conflict of interest policy to ensure he or she has no conflict of interest. If a real, potential, or perceived conflict of interest is identified, the member will review the issue with the Executive Committee Chair and legal counsel to determine the appropriate action. Except where prohibited by law, the Executive Committee may transact all regular business of the Corporation during the interim between the meetings of the Board of Directors, provided that any action taken shall not conflict with the policies and express wishes of the Board of Directors and it shall report all matters of major importance to the Board. The Committee may also review annually the performance of the president of the Corporation and report to the Board of Directors the conclusions of this report. The Executive Committee, acting in its role as the Executive Compensation Committee and in accordance with the Corporate Bylaws, is authorized to act on the Board's behalf in (i) determining appropriate compensation for RHS executives and other disqualified persons; (ii) evaluating executives other disqualified persons' compensation plans, policies, and programs; (iii) reviewing benefit plans for executives and other disqualified persons; and (iv) verifying that compensation information is appropriately and fully disclosed. In discharging its role, the Executive Committee is empowered to investigate any matter brought to its attention with access to all RHS books, records, facilities, and personnel. It has the authority to retain outside counsel, compensation consultants, and/or other experts and will receive adequate funding from RHS to engage such advisors. It shall have sole authority to retain, compensate, terminate, and oversee the advisors, who shall be accountable ultimately to the health system board. Form 990, Part VI, Line 3 Delegation of management duties Power Wellness Management LLC was contracted to perform the daily management of the organization beginning September 2022. Form 990, Part VI, Line 6 Classes of members or stockholders THE SOLE CORPORATE MEMBER OF OAKSIDE CORPORATION, A TAX-EXEMPT ORGANIZATION, IS RIVERSIDE HEALTH SYSTEM. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body AS THE SOLE CORPORATE MEMBER, RIVERSIDE HEALTH SYSTEM, A RELATED TAX-EXEMPT ORGANIZATION, HAS THE AUTHORITY TO ELECT AND/OR REMOVE DIRECTORS OF THE ORGANIZATION. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ACTION ON THE FOLLOWING MATTERS IS RESERVED EXCLUSIVELY TO THE ORGANIZATION'S SOLE CORPORATE MEMBER, RIVERSIDE HEALTH SYSTEM, PROVIDED THAT THE CORPORATION MAY, AT ITS OPTION, INITIATE OR MAKE RECOMMENDATIONS TO THE MEMBER WITH RESPECT TO ANY OF THE FOLLOWING MATTERS: (A) ELECT AND REMOVE, WITH OR WITHOUT CAUSE, THE DIRECTORS OF THE CORPORATION; (B) ELECT AND REMOVE THE PRESIDENT OF THE CORPORATION; (C) ADOPT, AMEND, RESTATE OR REPEAL THE ARTICLES OF INCORPORATION AND BYLAWS OF THE CORPORATION; (D) AUTHORIZE THE CORPORATION TO ENGAGE IN, OR ENTER INTO ANY TRANSACTION PROVIDING FOR THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ASSETS OF THE CORPORATION OUTSIDE THE RIVERSIDE HEALTH SYSTEM D/B/A RIVERSIDE HEALTHCARE CORPORATE STRUCTURE IN EXCESS OF FIVE PERCENT (5%) OF ITS ASSETS, AS DEFINED IN THE CORPORATE BOND INDENTURE, IN ANY TWELVE (12) MONTH PERIOD. (E) ADOPT A PLAN OF DISSOLUTION OR LIQUIDATION OF THE CORPORATION AND DISTRIBUTION OF ITS ASSETS; (F) ADOPT A PLAN OF MERGER, CONSOLIDATION OR CORPORATE REORGANIZATION INVOLVING THE CORPORATION OTHER THAN IN THE ORDINARY COURSE OF HEALTH CARE OPERATIONS; (G) AUTHORIZE ANY TRANSACTION WHICH WOULD RESULT IN A CHANGE IN OWNERSHIP OR CONTROL OF THE CORPORATION; (h) APPROVE THE APPOINTMENT OF AN INDEPENDENT AUDITOR OR THE ADOPTION OF ACCOUNTING POLICIES AND INVESTMENT GUIDELINES; (I) ADOPT CAPITAL AND OPERATING BUDGETS OF THE CORPORATION; (J) ADOPT AND EXECUTE A STRATEGIC PLAN OF THE CORPORATION; (K) INCUR INDEBTEDNESS IN EXCESS OF THE LIMITS ESTABLISHED BY THE MEMBER FROM TIME TO TIME; (M) AUTHORIZE ANY CAPITAL EXPENDITURES IN EXCESS OF LIMITS ESTABLISHED BY THE MEMBER FROM TIME TO TIME; (N) AUTHORIZE ANY DONATION OF ASSETS OF THE CORPORATION IN EXCESS OF LIMITS ESTABLISHED BY THE MEMBER FROM TIME TO TIME; (O) AUTHORIZE SALE, TRANSFER, ENCUMBRANCE OR OTHERWISE DISPOSE OF ANY REAL PROPERTY OR INTEREST THEREIN OR THE PURCHASE OF ANY REAL ESTATE; (P) ORGANIZE OR ACQUIRE, OR AUTHORIZE THE ORGANIZATION OR ACQUISITION OF ANY SUBSIDIARY OR AFFILIATE OF THE CORPORATION ("AFFILIATE" SHALL INCLUDE ANY CORPORATION, ASSOCIATION,PARTNERSHIP, TRUST, JOINT VENTURE, OR OTHER ENTITY DIRECTLY OR INDIRECTLY CONTROLLING, CONTROLLED BY, OR UNDER COMMON CONTROL WITH THE CORPORATION); (Q) ESTABLISH POLICY GUIDELINES AND CRITERIA FOR IMPLEMENTATION OF THE CORPORATION'S MISSION AND PERIODICALLY REVIEW AND AMEND THE MISSION STATEMENTS. (R) APPROVE ANY POLICY BY THE CORPORATION OR ANY ACTION TAKEN BY THE CORPORATION AS TO INITIATION, DEFENSE, OR SETTLEMENT OF LEGAL OR ADMINISTRATIVE ACTIONS IN EXCESS OF SUCH AMOUNTS AS SHALL BE ESTABLISHED PURSUANT TO CORPORATE POLICY. (S) MODIFY COMPENSATION AND BENEFIT POLICIES, WITH THE EXCEPTION OF THOSE INVOLVING THE PRESIDENT/CHIEF EXECUTIVE OFFICER, WHICH ARE SOLELY THE RESPONSIBILITY OF THE MEMBER'S EXECUTIVE COMMITTEE. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is reviewed in detail by the organization's management. Subsequent to this review, the Form 990 IS SUPPLIED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The conflict of interest questionnaires are mailed to all board members, officers and key employees annually. Each member must read and sign the form to disclose any potential conflicts for the year. If a conflict arises with a board member, the board member is made aware that they must abstain from voting on any issue related to the conflict. The process is monitored by the assistant to the CEO of Riverside Medical Center. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Form 990, Part X, Line 20 TAX-EXEMPT BONDS OAKSIDE CORPORATION IS PART OF AN OBLIGATED GROUP THAT HAS BEEN ISSUED VARIOUS TAX-EXEMPT BONDS SINCE DECEMBER 2002. THE LIABILITIES REPORTED ON THE ORGANIZATION'S BALANCE SHEET HAVE BEEN ALLOCATED SPECIFICALLY TO THIS ORGANIZATION BUT THE SCHEDULE K IS FILED BY THE SOLE CORPORATE MEMBER, RIVERSIDE MEDICAL CENTER, A RELATED TAX-EXEMPT ORGANIZATION. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Fair Value of Derivative Instruments - 108170; RIVERSIDE HEALTH SYSTEM 350 N WALL STREET KANKAKEE IL 60901 363167726 PARENT IL 501(c)(3) Type III-FI NA false RIVERSIDE MEDICAL CENTER 350 N WALL STREET KANKAKEE IL 60901 362414944 Healthcare IL 501(c)(3) 3 Riverside Health System false RIVERSIDE SENIOR LIVING CENTER 350 N WALL STREET KANKAKEE IL 60901 363670744 NURSING HOME IL 501(c)(3) 10 Riverside Health System false RIVERSIDE HEALTHCARE FOUNDATION 350 N WALL STREET KANKAKEE IL 60901 363166033 Supporting Organization IL 501(c)(3) 7 Riverside Health System false false false false false false false false false false true false false true true true true false false false