2023-11-13T18:38:54-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 600 WASHINGTON AVENUE SUITE 1800 ST LOUIS MO 63101 990 2022-01-01 371017284 CLARK-LINDSEY VILLAGE INC CLAR 2173442144 101 WEST WINDSOR ROAD URBANA IL 61802 DEBRA S REARDANZ CEO 2173442144 2023-11-13 1 DEBRA REARDANZ 999009999 0 AMBER ROGNAN-HAMILTON P01251012 3149254300 2023-11-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEBRA S REARDANZ 101 WEST WINDSOR ROAD URBANA IL 61802 20975567 0 X WWW.CLARK-LINDSEY.COM X 1970 IL TO PROVIDE HOUSING AND HEALTHCARE FACILITIES/SERVICES FOR ELDERLY PERSONS X 12 11 260 25 0 0 533048 10244 19916278 20294205 1132542 -5406 129029 165605 21710897 20464648 4008 14191 0 0 10689599 11088547 0 0 0 10185823 10444284 20879430 21547022 831467 -1082374 62775078 10211362 35615359 28818233 27159719 -18606871 X TO PROVIDE HOUSING AND HEALTHCARE FACILITIES/SERVICES FOR ELDERLY PERSONS ON A NON-PROFIT BASIS, WITHOUT REGARD TO RACE, RELIGION, SEX, CREED OR NATIONAL ORIGIN. 0 0 16876850 10183 20295405 ALL OF CLARK-LINDSEYS BUILDINGS ARE LOCATED ON A SINGLE SITE COMPRISED OF 27 ACRES ADJACENT TO MEADOWBROOK PARK AND THE UNIVERSITY OF ILLINOIS. INDEPENDENT LIVING OPTIONS FOR PEOPLE AGE 62 AND OVER INCLUDE 131 APARTMENTS AND 24 VILLA UNITS. RESIDENTS CAN PURCHASE A LIFE PLAN RESIDENCY CONTRACT, WHICH GUARANTEES THEM RESIDENCY IN THE APARTMENTS OR VILLAS AND ACCESS TO THE HEALTH CENTER FOR LIFE. ASSISTED LIVING CONSISTS OF 12 LICENSED BEDS IN A GREEN HOUSE HOME. THE 12 ROOM HOME PROVIDES FOR CARE IN A SMALLER HOME LIKE SETTING. PROFESSIONAL NURSING STAFF IS ON DUTY 24 HOURS A DAY. SKILLED CARE CONSISTS OF 105 LICENSED BEDS. 12 BEDS ARE IN A SECOND GREEN HOUSE HOME. 93 BEDS ARE IN MEADOWBROOK HEALTH CENTER. 38 BEDS ARE MEDICARE CERTIFIED. PROFESSIONAL NURSING STAFF IS ON DUTY 24 HOURS A DAY. IN ADDITION TO RESIDENCY AND IN-PATIENT SERVICES, CLARK-LINDSEY PROVIDES OUTPATIENT THERAPY INCLUDING PHYSICAL, OCCUPATIONAL AND SPEECH. 4008 4008 0 THE MISSION OF CLARK-LINDSEY IS TO OFFER SENIOR ADULTS EXCEPTIONAL SERVICES AND LIVING ENVIRONMENTS DESIGNED TO ENGAGE THE MIND, SPIRIT, AND BODY IN WELLNESS AND COMMUNITY. THE MISSION IS FURTHERED AND SUSTAINED THROUGH YEARS OF CHARITABLE GIVING. GENEROUS DONORS HAVE PROVIDED FOR A FRIENDSHIP FUND TO ASSIST COMMUNITY MEMBERS WHO NO LONGER HAVE THE FINANCIAL RESOURCES TO PROVIDE FOR THEIR HOME AND HEALTH CARE COSTS. CLARK-LINDSEY PROVIDES CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS FRIENDSHIP FUND POLICY WITHOUT CHARGE OR AT REDUCED RATES. KEY ELEMENTS USED TO DETERMINE ELIGIBILITY INCLUDE A RESIDENTS DEMONSTRATED INABILITY TO PAY. CLARK-LINDSEY MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS FRIENDSHIP FUND POLICY, THE ESTIMATED COST OF THOSE SERVICES AND SUPPLIES, AND EQUIVALENT SERVICE STATISTICS. DURING THE YEAR ENDED DECEMBER 31, 2022, ONE RESIDENT RECEIVED FINANCIAL ASSISTANCE FROM THE FRIENDSHIP FUND. 16880858 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 0 0 1 17 0 260 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 IL X CRYSTAL BAILEY 2173442144 101 WEST WINDSOR ROAD URBANA IL 61802 GENE GRANDONE BOARD MEMBER (TERM ENDED 02/2022) 2.00 0.00 X 0 0 0 JAMES GREEN BOARD MEMBER (TERM ENDED 01/2022) 2.00 0.00 X 0 0 0 WADE HAMPTON CHAIR 2.00 3.00 X X 0 0 0 DAVE LINE TREASURER & ASSISTANT SECRETARY 2.00 3.00 X X 0 0 0 WENDY BARTLO BOARD MEMBER 2.00 1.00 X 0 0 0 DENNIS BEARD VICE CHAIR 2.00 3.00 X X 0 0 0 AMIN KASSEM BOARD MEMBER 2.00 1.00 X 0 0 0 CINDY GUTHRIE BOARD MEMBER 2.00 1.00 X 0 0 0 JILL GUTH SECRETARY & ASSISTANT TREASURER 2.00 3.00 X X 0 0 0 JANE HAYS BOARD MEMBER 2.00 1.00 X 0 0 0 SAM BANKS BOARD MEMBER 2.00 1.00 X 0 0 0 ROBIN KALER BOARD MEMBER 2.00 1.00 X 0 0 0 KANDANCE TURNER BOARD MEMBER 2.00 1.00 X 0 0 0 BECCA GUYETTE BOARD MEMBER 2.00 1.00 X 0 0 0 DEBRA S REARDANZ PRESIDENT / CEO 40.00 3.00 X 281906 0 15045 TIMOTHY P MAST CFO (TERM 6/22) 40.00 3.00 X 89272 0 0 CRYSTAL BAILEY CFO & VP OF FINANCE 40.00 3.00 X 100689 0 0 RIKKI BRADY VP OF HEALTH SERVICES 40.00 0.00 X 126747 0 0 RON WILCOX VP OF RESIDENTIAL SERVICES 40.00 0.00 X 108929 0 0 KENNETH IVORY COO & VP OF OPERATIONS 40.00 0.00 X 137040 0 3817 JASON RICE DIRECTOR OF DINING 40.00 0.00 X 110064 0 0 XUANYING FU NURSE 40.00 0.00 X 103612 0 0 1058259 0 18862 7 0 1 0 BROEREN RUSSO BUILDERS INC 602 N COUNTRY FAIR DR CHAMPAIGN IL 61821 CONSTRUCTION SERVICES 9875951 RLPS ARCHITECTS 250 VALLEYBROOK DRIVE LANCASTER PA 17601 ARCHITECTURAL SERVICES 1136068 HEALTHPRO HERITAGE LLC PO BOX 69268 BALTIMORE MD 212649268 THERAPY SERVICES 899659 VARSITY MARKETING LLC 532 NORTH FRONT ST STE 200 WORMLEYSBURG PA 17043 ADVERTISING SERVICES 309648 PLANTE MORAN LIVING FORWARD 27400 NORTHWESTERN HIGHWAY SOUTHFIELD MI 480343750 CONSTRUCTION MANAGEMENT SERVICES 261692 18 8324 1920 10244 RESIDENT SERVICES 623000 18338024 18338024 AMORTIZATION OF DEFERRED REVENUE 623000 1956181 1956181 20294205 22512 22512 1200 0 1200 1200 1200 474819 502737 -27918 -27918 -27918 0 8324 70 -70 -70 5399 8112 -2713 -2713 HAIR SALON SERVICES 900099 77171 77171 INSURANCE PROCEEDS 900099 24661 24661 GUEST SUITE 900099 21680 21680 43676 43676 167188 20464648 20295405 0 158999 10183 10183 4008 4008 486912 486912 8928378 7371452 1556926 125854 96469 29385 815295 624933 190362 732108 561169 170939 27962 27962 50339 50339 3411 3411 1480087 1035277 444810 14830 14830 878639 688830 189809 490909 490909 1694001 1535746 158255 47434 39613 7821 60126 60126 599771 543740 56031 2519934 2284519 235415 251466 227974 23492 DIETARY 1032846 1032846 LOSS ON DEBT REFINANCIN 200405 200405 ADMINISTRATION 197576 197576 REPAIRS 194316 91619 102697 700232 672354 27878 21547022 16880858 4666164 0 844846 5658826 3924711 3196832 944194 815148 27500 24800 285017 211924 0 37714643 18992751 303832 41416 0 62775078 10211362 3397779 1201257 18962489 26137220 10764448 25839 21165 2084014 380790 1458591 35615359 28818233 X 26436616 -18606871 723103 0 27159719 -18606871 62775078 10211362 X -1082374 -23915 -44660301 X X 0 1 X 1 0 X 419230 114637 2739294 533048 10244 3816453 19456546 20146773 18675942 19916278 20294205 98489744 38478 39368 46618 134144 258608 19914254 20300778 21461854 20449326 20438593 102564805 0 0 0 102564805 290511 425365 396308 392780 23712 1528676 290511 425365 396308 392780 23712 1528676 337230 306432 125671 129029 38443 936805 20541995 21032575 21983833 20971135 20500748 105030286 0.97650 0.97050 0.01460 0.01740 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 702. 2019 AMOUNT: $ 7,020. 2022 AMOUNT: $ 13,782. MEAL REVENUE - 2018 AMOUNT: $ 130,001. 2019 AMOUNT: $ 100,833. 2020 AMOUNT: $ 10,892. 2021 AMOUNT: $ 14,444. SALON SERVICES - 2018 AMOUNT: $ 75,411. 2019 AMOUNT: $ 87,093. 2020 AMOUNT: $ 54,341. 2021 AMOUNT: $ 64,521. GARAGE FEES - 2018 AMOUNT: $ 35,819. 2019 AMOUNT: $ 33,872. 2020 AMOUNT: $ 34,261. 2021 AMOUNT: $ 35,203. LAUNDRY INCOME - 2018 AMOUNT: $ 15,642. 2019 AMOUNT: $ 14,094. 2020 AMOUNT: $ 12,942. 2021 AMOUNT: $ 9,990. PERSONAL SERVICE ATTENDANT - 2018 AMOUNT: $ 3,465. 2019 AMOUNT: $ 60. 2020 AMOUNT: $ 700. 2021 AMOUNT: $ 3,911. GUEST SUITE INCOME - 2018 AMOUNT: $ 76,190. 2019 AMOUNT: $ 63,460. 2020 AMOUNT: $ 12,535. 2021 AMOUNT: $ 960. INSURANCE PROCEEDS - 2022 AMOUNT: $ 24,661. 0 1 X 0 0 0 0 0 0 3106297 3516 301722 32473 11277 3367785 2832107 56825 243830 16030 10435 3106297 2442707 30450 378213 7642 11621 2832107 2595209 20370 -105405 56098 11369 2442707 0.00000 0.00000 0.00000 0 DEFERRED COMPENSATION 303832 DUE TO AFFILIATES 1154759 1458591 X PART IV, LINE 2B: THE RECORDS OF THREE COMMITTEES, INCLUDING THE MEADOWBROOK AUXILIARY FUND, THE RESIDENT COUNCIL FUND, AND THE LIBRARY FUND, ARE MAINTAINED BY CLARK-LINDSEY, BUT THE MONEY IS NOT CLARK-LINDSEY'S TO SPEND. IN ADDITION, MONEY IS MAINTAINED FOR HEALTH CENTER RESIDENTS IN A SEPARATE ACCOUNT, BUT THE MONEY IS NOT CLARK-LINDSEY'S TO SPEND. THESE FUNDS ARE INCLUDED IN CASH AND IN A LIABILITY CAPTIONED "FUNDS HELD FOR OTHERS". PART V, LINE 4: THE ARMSEY BEAUTIFICATION FUND IS A TERM ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT FOR CLARK-LINDSEY RESIDENT GROUNDS AND GARDENS. THE THOMPSON LIBRARY FUND IS A TERM ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT OF THE CLARK-LINDSEY RESIDENT LIBRARY. THE WEBBER EDUCATIONAL FUND IS A PERMANENT ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT OF CONTINUING EDUCATION FOR HEALTH CENTER STAFF. THE STEWART LIBRARY FUND IS A PERMANENT ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT OF THE CLARK-LINDSEY RESIDENT LIBRARY. THE KAULFERS FUND IS A BOARD DESIGNATED, QUASI ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT FOR QUALITY OF LIFE IMPROVEMENTS INCLUDING PROGRAMS AND FACILITIES ESPECIALLY DEVELOPED FOR SENIOR CITIZENS. AS OF 12/31/2022, THESE FUNDS ARE NOW HELD BY A RELATED ENTITY, CLARK-LINDSEY HOLDINGS (FEIN 86-1996154). THE 2022 ACTIVITY FOR THE ENDOWMENT FUNDS IS REPORTED ON THE SCHEDULE D OF CLARK-LINDSEY HOLDINGS' FORM 990. PART X, LINE 2: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. 1 ALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC 225 N MICHIGAN AVE 17TH FLOOR CHICAGO IL 606017633 133039601 501(C)(3) 8263 0 OPERATING SUPPORT 1 PART I, LINE 2: CLARK-LINDSEY MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS FRIENDSHIP FUND POLICY, THE ESTIMATED COST OF THOSE SERVICES AND SUPPLIES, AND EQUIVALENT SERVICE STATISTICS X X X X X 0 1 0 0 0 0 0 0 0 DEBRA S REARDANZ PRESIDENT / CEO 263727 0 17000 0 1179 0 8788 0 6257 0 296951 0 0 0 PART I, LINE 4B ON JANUARY 1, 2017, CLARK-LINDSEY ENTERED INTO A SUPPLEMENTAL COMPENSATION AGREEMENT COVERING DEBRA S. REARDANZ WHICH PROVIDES FOR THE OFFICER TO RECEIVE, UPON TERMINATION OF EMPLOYMENT, PAYMENT IN CASH, IN FULL, WITHIN 90 DAYS. THE BENEFIT TO WHICH THE OFFICER IS ENTITLED TO RECEIVE BECOMES FULLY VESTED ON THE 10TH FULL CALENDAR YEAR AFTER THE GRANT DATE. IF DEATH OR DISABILITY OCCURS DURING THE PERIOD COVERED BY THE AGREEMENT, THE BALANCE OF THE ACCOUNT BECOMES 100% VESTED WITH THE BENEFIT PAYMENTS MADE TO THE BENEFICIARY. CLARK-LINDSEY'S FUNDING OF THIS BENEFIT IS BEING RECOGNIZED AS COMPENSATION COST ON AN ANNUAL BASIS AND INTENDS TO USE CASH FROM OPERATIONS TO FUND THIS OBLIGATION. AT DECEMBER 31, 2022 AND 2021, CLARK-LINDSEY HAS RECORDED A DESIGNATED INVESTMENT BALANCE AND A DEFERRED COMPENSATION LIABILITY OF APPROXIMATELY $69,000 AND $71,000. PART I, LINE 7 BONUSES ARE PROVIDED BASED UPON THE ORGANIZATION'S FINANCIAL OUTCOME. A ILLINOIS FINANCE AUTHORITY 861091967 45204FQP3 2022-06-22 53276123 SEE PART VI 0 0 0 A 53283653 2606632 866980 1065522 26172528 16851163 5720828 1 1 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 BANK OF MONTREAL 5.000000000000 0 0 0 0 1 A 1 PART I COLUMN F TO REFUND SERIES 2004 ISSUED 5/20/2004, SERIES 2015 ISSUED 12/30/2015, SERIES 2021 ISSUED 9/9/21 BONDS AND CONSTRUCT NEW BUILDING. PART I COLUMN E AND PART II LINE 3 ISSUE PRICE AND TOTAL PROCEEDS OF ISSUE DIFFER AS A RESULT OF INVESTMENT EARNINGS. SARA COOK DAUGHTER OF BOARD OF DIRECTOR DAVE LINE 67452 GROSS WAGES 0 BUILDINGS AND EQUIPMENT 2022-06-30 29189567 BOOK VALUE 861996154 CLARK-LINDSEY HOLDINGS INC 101 W WINDSOR RD URBANA IL 61802 501(C)(3) INVESTMENTS 2022-07-01 1701083 BOOK VALUE 861934798 LINDSEY COMMUNITIES INC 101 W WINDSOR RD URBANA IL 61802 501(C)(3) INVESTMENTS 2022-07-01 13361823 BOOK VALUE 861996154 CLARK-LINDSEY HOLDINGS INC 101 W WINDSOR RD URBANA IL 61802 501(C)(3) OTHER ASSETS 2022-06-30 407828 BOOK VALUE 861996154 CLARK-LINDSEY HOLDINGS INC 101 W WINDSOR RD URBANA IL 61802 501(C)(3) 1 1 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: WADE HAMPTON, DAVE LINE, JILL GUTH AND DENNIS BEARD BECAME BOARD MEMBERS OF BOTH CLARK-LINDSEY HOLDINGS INC. AND LINDSEY MANAGEMENT SERVICES INC.WADE HAMPTON, DAVE LINE, WENDY BARTLO, DENNIS BEARD, AMIN KASSEM, CINDY GUTHRIE, JILL GUTH, JANE HAYS, SAM BANKS, ROBIN KALER, KANDANCE TURNER AND BECCA GUYETTE BECAME BOARD MEMBERS OF LINDSEY COMMUNITIES INC.BEGINNING IN 2023, DEBRA REARDANZ AND CRYSTAL BAILEY WILL BECOME EMPLOYEES OF LINDSEY MANAGEMENT SERVICES INC. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE UPDATED TO INCLUDE LANGUAGE DESCRIBING THE NEW SOLE MEMBER OF THE ORGANIZATION AND THE POWERS GRANTED TO THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S SOLE MEMBER IS LINDSEY COMMUNITIES, INC., AN ILLINOIS NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXATION PURSUANT TO SECTION 501 (C)(3) OF THE CODE. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HOLDS THE FOLLOWING EXCLUSIVE POWERS RELATED TO THE ORGANIZATION'S BOARD OF DIRECTORS: APPOINT THE ORGANIZATION'S BOARD AND REMOVE ANY DIRECTOR OR DIRECTORS, WITH OR WITHOUT CAUSE; FILL ANY DIRECTOR VACANCIES ON THE BOARD; DETERMINE AND AMEND THE NUMBER OF DIRECTORS TO SERVE ON THE BOARD; ELECT, RE-ELECT, APPOINT AND REMOVE ALL OFFICERS OF THE CORPORATION AND/OR APPROVE THE ELECTION, RE-ELECTION, APPOINTMENT AND REMOVAL OF ALL OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER GENERALLY OVERSEES THE AFFIARS OF THE ORGANIZATION AND ENSURES THAT ALL ACTIONS OF THE ORGANIZATION ARE CONSISTENT WITH ITS EXEMPT PURPOSES. THE SOLE MEMBER HOLDS THE FOLLOWING EXCLUSIVE POWERS: ADOPT OR AMEND THE ARTICLES OF INCORPORATION AND BYLAWS OF THE ORGANIZATION; ADOPT OR AMEND THE MISSION, PURPOSE, PHILOSOPHY OR OBJECTIVES OF THE ORGANIZATION; APPOINT THE ORGANIZATION'S BOARD AND REMOVE ANY DIRECTOR OR DIRECTORS, WITH OR WITHOUT CAUSE; FILL ANY DIRECTOR VACANCIES ON THE BOARD; DETERMINE AND AMEND THE NUMBER OF DIRECTORS TO SERVE ON THE BOARD; ELECT, RE-ELECT, APPOINT AND REMOVE ALL OFFICERS OF THE ORGANIZATION AND/OR APPROVE THE ELECTION, RE-ELECTION, APPOINTMENT AND REMOVAL OF ALL OFFICERS OF THE ORGANIZATION; APPOINT, REVIEW AND REMOVE, WITH OR WITHOUT CAUSE, THE CHIEF EXECUTIVE OFFICER; APPOINT, REVIEW AND REMOVE, WITH OR WITHOUT CAUSE, THE MANAGEMENT COMPANY; PAY PENSIONS AND ESTABLISH AND CARRY OUT PENSION, RETIREMENT, BENEFIT, INCENTIVE AND COMPENSATION PLANS, TRUSTS AND PROVISIONS FOR ANY OR ALL OF ITS EMPLOYEES; ESTABLISH A CORPORATE SPENDING LIMIT; REJECT ANY BUDGET APPROVED BY THE ORGANIZATION; APPROVE THE INCURRENT OF DEBT OR CAPITAL EXPENDITURE BY THE ORGANIZATION IN EXCESS OF $100,000 WHETHER IN A SINGLE TRANSACTION OR A SERIES OF RELATED TRANSACTIONS, IF SUCH DEBT OR CAPITAL EXPENDITURE IS NOT INCLUDED IN THE ORGANIZATION'S APPROVED BUDGETS; INITIATE AND APPROVE INVESTMENT POLICIES AND STRATEGIC PLANS OF THE ORGANIZATION; AUTHORIZE OR ADOPT A PLAN OF MERGER, CONSOLIDATION, CORPORATE REORGANIZATION, OR THE CREATION OR DISSOLUTION OF A NEW SUBSIDIARY OR AFFILIATE; AUTHORIZE DISSOLUTION, DIVISION OR LIQUIDATION OF THE ORGANIZATION; AUTHORIZE THE LEASE, SALE, EXCHANGE, TRANSFER OR OTHER DISPOSITION OF SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS; SELECT AND APPOINT THE BANKS, ACCOUNTANTS, AUDITORS AND LEGAL COUNSEL OF THE ORGANIZATION. THE SOLE MEMBER ALSO HOLDS THE RIGHT TO APPROVE THE FOLLOWING ACTIONS OF THE ORGANIZATION: PURCHASES, SALES AND LEASES OF PROPERTY BY THE ORGANIZATION IN EXCESS OF ANY CORPORATE SPENDING LIMIT ESTABLISHED BY THE MEMBER; BORROWING BY THE ORGANIZATION IN A PRINCIPAL AMOUNT IN EXCESS OF ANY CORPORATE SPENDING LIMIT ESTABLISHED BY THE MEMBER, OR FOR A STATED TERM IN EXCESS OF ONE YEAR OR WHICH IS SECURED BY A MORTGAGE OF REAL PROPERTY; ANY MAJOR CHANGE IN THE PROGRAMS OR SERVICES PROVIDED BY THE ORGANIZATION, INCLUDING ANY CREATION OF NEW PROGRAMS OR SERVICES OR THE DISCONTINUATION OF EXISTING PROGRAMS OR SERVICES; ANY MAJOR AGREEMENT OR TRANSACTION WITH ANOTHER AFFILIATE OF THE MEMBER; ACCEPTANCE OF A CONTRIBUTION THAT IMPOSES A MATERIAL OBLIGATION ON THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD DIRECTS THAT AT LEAST ONE BOARD MEMBER, WHO SERVES ON THE FINANCE COMMITTEE, CONDUCT THE ANNUAL REVIEW OF THE FORM 990 AND PRESENT IT TO THE FULL BOARD PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD DIRECTS THAT OFFICERS, DIRECTOR, AND KEY EMPLOYEES ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE COMPLIANCE OFFICER IS RESPONSIBLE FOR PREPARING QUARTERLY REPORTS TO THE BOARD FINANCE COMMITTEE THAT DISCLOSES ACTUAL, POTENTIAL OR PERCEIVED CONFLICTS OF INTEREST. IN THE EVENT THAT A CONFLICT EXISTS, THE PERSON IS REQUIRED TO RECUSE HIMSELF OR HERSELF FROM PARTICIPATING IN THE DECISION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DIRECTS THAT THE PERSONNEL & POLICY COMMITTEE (P&PC) CONDUCT THE PRESIDENT'S ANNUAL PERFORMANCE REVIEW AND DEVELOP SALARY AND COMPENSATION RECOMMENDATIONS FOR FULL BOARD APPROVAL. A COMPARATIVE ANALYSIS OF THE PRESIDENT'S ANNUAL COMPENSATION IS REVIEWED BY THE P&PC USING SOURCES SUCH AS INDEPENDENT SALARY SURVEYS, REVIEW OF FORM 990S AND OTHER INFORMATION AS IT IS AVAILABLE. TO ENSURE THE INDEPENDENCE AND OBJECTIVITY OF THE COMPARATIVE REVIEW, THE DATA AND ANALYSIS IS PREPARED BY SOMEONE OTHER THAN THE PRESIDENT. IN REGARDS TO OTHER OFFICERS AND KEY EMPLOYEES, THE PRESIDENT PERFORMS A SIMILAR PROCESS USING INDEPENDENT SALARY SURVEY DATA TO DETERMINE COMPENSATION. THESE PROCESSES WERE LAST UNDERTAKEN IN 2022. FORM 990, PART VI, SECTION C, LINE 19 CLARK-LINDSEY VILLAGE, INC.'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR PUBLIC INSPECTION. FORM 990, PART XI, LINE 9: EQUITY TRANSFER -44,660,301. FORM 990, PART XII, LINE 2C THE PROCESS FOR REVIEW AND OVERSIGHT OF THE AUDIT PROCESS IS CONSISTENT WITH PRIOR YEARS. CLARK-LINDSEY HOLDINGS INC 101 W WINDSOR RD URBANA IL 61802 861996154 SENIOR CITIZENS HOUSING & RETIREMENT COMMUNITIES IL 501(C)(3) LINE 7 LINDSEY COMMUNITIES INC 0 LINDSEY MANAGEMENT SERVICES INC 101 W WINDSOR RD URBANA IL 61802 861970355 SENIOR CITIZENS HOUSING & RETIREMENT COMMUNITIES IL 501(C)(3) LINE 10 LINDSEY COMMUNITIES INC 0 LINDSEY COMMUNITIES INC 101 W WINDSOR RD URBANA IL 61802 861934798 SENIOR CITIZENS HOUSING & RETIREMENT COMMUNITIES IL 501(C)(3) LINE 10 N/A 0 AT HOME WITH CLV LLC 101 W WINDSOR RD URBANA IL 61802 842989449 HOME HEALTH CARE IL LINDSEY COMMUNITIES INC RELATED -30917 0 1 0.80000 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 AT HOME WITH CLV LLC B 384174 FMV