2023-12-20T08:38:07-06:00 2023-03-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-04-01 362167832 WESTMINSTER PLACE WEST 8479793902 8707 SKOKIE BOULEVARD 400 SKOKIE IL 60077 NADIM ABI-ANTOUN CHIEF EXECUTIVE OFFICER 8479793902 2023-12-18 1 NADIM ABI-ANTOUN 999009999 1 DAVID LOWENTHAL P00378651 3122071040 2023-12-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NADIM ABI-ANTOUN 8707 SKOKIE BOULEVARD 400 SKOKIE IL 60077 79615253 0 X WWW.PRESBYTERIANHOMES.ORG X 1904 IL WESTMINSTER PLACE, 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. 16 16 485 196 0 0 3673991 3746932 48078568 52512474 778329 1443129 98480 81109 52629368 57783644 0 0 0 0 22727113 25102237 0 0 0 27760339 30634060 50487452 55736297 2141916 2047347 182178492 183966040 139514202 141908909 42664290 42057131 X WESTMINSTER PLACE, 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 17593786 18992229 WESTMINSTER PLACE IS A NOT-FOR-PROFIT INDEPENDENT LIVING, LIFE PLAN COMMUNITY (FORMERLY KNOWN AS CONTINUING CARE RETIREMENT COMMUNITY). INDEPENDENT LIVING FACILITY IN WESTMINSTER PLACE CONSISTS OF 237 APARTMENTS, TOWNHOUSES AND COTTAGES. SERVICES PROVIDED BY WESTMINSTER PLACE INCLUDE FLEXIBLE DINING OPTIONS, HOUSEKEEPING AND COMPLETE MAINTENANCE SERVICES, TRANSPORTATION AS WELL AS PLANNED SOCIAL AND EDUCATIONAL ACTIVITIES AND PROGRAMS. DURING THE FILING YEAR, WESTMINSTER PLACE SERVED 299 INDEPENDENT LIVING RESIDENTS. 8734783 7884205 THE ASSISTED LIVING FACILITY AT WESTMINSTER PLACE PROVIDES ASSISTED LIVING FOR OLDER ADULTS WHO NEEDED ASSISTANCE WITH PERSONAL CARE AND DAILY ACTIVITIES. IT CONSISTS OF 93 STUDIO, ONE AND TWO-BEDROOM APARTMENTS. DURING THE FILLING YEAR, WESTMINSTER PLACE ASSISTED LIVING FACILITY SERVED 106 RESIDENTS. 22436055 25499918 WESTMINSTER PLACE HEALTH CARE CENTERS PROVIDE INTERMEDIATE AND SKILLED NURSING 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. THE HEALTH CARE CENTERS INCLUDE 100 SKILLED, MEDICARE-CERTIFIED BEDS AND 95 INTERMEDIATE AND MEMORY CARE BEDS. DURING THE FILING YEAR, THE HEALTH CARE CENTERS SERVED A TOTAL OF 407 RESIDENTS. 136122 OTHER PROGRAM SERVICES - REVENUE IS RELATED TO LEASE INCOME FROM RELATED ORGANIZATIONS AND OTHER INCOME. 136122 48764624 1 1 0 0 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 0 1 0 0 0 1 58 0 1 485 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MARK HAVRILKA 8479793904 8707 SKOKIE BLVD SUITE 400 SKOKIE IL 60077 X PAULA NOBLE DIRECTOR /BOARD CHAIR 1.00 2.00 X X 0 0 0 ERIC MOLLMAN DIRECTOR /VICE CHAIR 1.00 2.00 X X 0 0 0 VINCE KELLY DIRECTOR /VICE CHAIR 1.00 2.00 X X 0 0 0 ELINOR HITE DIRECTOR /SECRETARY 1.00 2.00 X X 0 0 0 MARK WETZEL DIRECTOR /TREASURER 1.00 2.00 X X 0 0 0 TERRI BRADY DIRECTOR 1.00 2.00 X 0 0 0 JIM BRAULT DIRECTOR 1.00 2.00 X 0 0 0 CHARLIE DENISON DIRECTOR 1.00 2.00 X 0 0 0 DAVID DONNERSBERGER DIRECTOR 1.00 2.00 X 0 0 0 MONICA HEENAN DIRECTOR 1.00 2.00 X 0 0 0 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 JULIE SEYMOUR DIRECTOR 1.00 2.00 X 0 0 0 MARK TOLEDO DIRECTOR 1.00 2.00 X 0 0 0 TODD SWORTZEL CEO-THRU 12/2022 7.50 30.00 X 0 880829 297293 NADIM ABI-ANTOUN COO-THRU 12/2022 / CEO-BEG 1/2023 11.00 26.50 X 0 559727 170195 MARK HAVRILKA CFO 11.00 26.50 X 0 500304 130068 WILLIAM CASPER EXEC. DIR. WESTMINSTER PLACE 37.50 0.00 X 219949 0 51561 NANCY TOLAN VP, FACILITY MANAGEMENT 17.00 20.50 X 0 285272 27720 MIRIAM WALLACE VP, HUMAN RESOURCES 13.00 24.50 X 0 318786 21650 PETER JAGGARD MEDICAL DIRECTOR 30.00 0.00 X 212620 0 8151 LINDSEY AUMICK DIRECTOR OF FINANCE 11.00 26.50 X 0 206452 9477 DANIEL WEINBERGER VP, INFORMATION TECHNOLOGY 13.00 24.50 X 0 234490 17925 RAMONA WILT VP, MARKETING AND SALES 13.00 24.50 X 0 218869 42388 ALPANA PATEL VP, CLINICAL SERVICES 13.00 24.50 X 0 200511 30332 ANDREW WISSEL DIRECTOR, HUMAN RESOURCES 13.00 24.50 X 0 160917 29531 432569 3566157 836291 33 1 1 0 SKENDER CONSTRUCTION LLC 1330 W FULTON ST STE 200 CHICAGO IL 60607 CONSTRUCTION 15140113 ILLINOIS CONSTRUCTION SERVICES INC 1733 N 33RD STREET STONE PARK IL 60165 CONSTRUCTION 3234427 UNIDINE CORPORATION 1000 WASHINGTON STREET SUITE 510 BOSTON MA 02118 DINING / FOOD SERVICES 2775649 ATOMATIC MECHANICAL SERVICES INC 3733 N VENTURA DR ARLINGTON HEIGHTS IL 60004 HVAC MECHANICAL CONTRACTOR 1242522 DULCIGNO BUILDERS 7336 RIDGEWAY AVE SKOKIE IL 60076 SKOKIE IL 60076 CONTRACTOR 1203893 24 2502718 1244214 3746932 HEALTH CARE FEES 623000 25499918 25499918 INDEPENDENT LIVING FEES 623000 13458122 13458122 ASSISTED LIVING FEES 623000 7884205 7884205 DEFERRED ENTRANCE FEE INCOME 623000 5534107 5534107 ALL OTHER 623000 136122 136122 52512474 1305366 1305366 74213 0 74213 74213 74213 21684000 21546237 137763 137763 137763 292268 285372 6896 6896 57783644 52512474 0 1524238 307836 307836 20178795 19078455 1100340 571336 555969 15367 2579952 2400378 179574 1464318 1402419 61899 3579259 3579259 51673 51673 42017 42017 20218 20218 4965828 4618831 346997 791004 791004 157866 133865 24001 551289 266089 285200 3681 1029 2652 1024779 1000092 24687 10831327 10831327 877545 877545 BUILDING SERVICES & UTI 2472021 2472021 FOOD COSTS AND DINING S 1746064 1746064 REAL ESTATE AND PROVIDE 1389923 1389923 PHARMACY AND MEDICAL SU 919007 888000 31007 1210559 1102617 107942 55736297 48764624 6971673 0 9890651 6247632 9207601 30796120 1083843 1270940 974764 827339 270908846 154420425 101118695 116488421 41386718 20381317 18516220 7954271 182178492 183966040 11033866 12920485 33623897 34098136 47530373 46548525 47326066 48341763 139514202 141908909 X 42664290 42057131 42664290 42057131 182178492 183966040 X 2047347 -2691174 36668 X 0 1 X 1 1 1 X 3146539 3172955 4336646 3673991 3746932 18077063 48168158 50608788 46574051 48078568 52512474 245942039 280096 275390 201696 273446 292268 1322896 51594793 54057133 51112393 52026005 56551674 265341998 3146539 3172955 2964640 2605766 2502718 14392618 0 3146539 3172955 2964640 2605766 2502718 14392618 250949380 613981 701006 559722 615007 1379579 3869295 613981 701006 559722 615007 1379579 3869295 52208774 54758139 51672115 52641012 57931253 269211293 0.93220 0.92320 0.01440 0.01080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 333953 333953 225222302 132035725 93186577 43954139 22384700 21569439 1398452 1398452 116488421 SAFEKEEPING ACCOUNTS 764851 REFUNDABLE ENTRANCE FEES 41226102 REFUNDABLE DEPOSITS 796700 DUE TO RELATED PARTIES 1047369 ASSET RETIREMENT OBLIGATION 4506741 48341763 X PART X, LINE 2: PRESBYTERIAN HOMES, WESTMINSTER PLACE, AND GENEVA FOUNDATION OF PRESBYTERIAN HOMES FOLLOW THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE PARENT, 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 1 1 1 1 0 0 0 0 0 1 0 TODD SWORTZEL CEO-THRU 12/2022 0 537390 0 126426 0 217013 0 272001 0 25292 0 1178122 0 168568 NADIM ABI-ANTOUN COO-THRU 12/2022 / CEO-BEG 1/2023 0 382208 0 92356 0 85163 0 147695 0 22500 0 729922 0 40500 MARK HAVRILKA CFO 0 336195 0 82322 0 81787 0 105741 0 24327 0 630372 0 39976 MIRIAM WALLACE VP, HUMAN RESOURCES 0 216192 0 41817 0 60777 0 7262 0 14388 0 340436 0 0 NANCY TOLAN VP, FACILITY MANAGEMENT 0 219370 0 38553 0 27349 0 10816 0 16904 0 312992 0 16920 WILLIAM CASPER EXEC. DIR. WESTMINSTER PLACE 187887 0 30000 0 2062 0 25686 0 25875 0 271510 0 0 0 RAMONA WILT VP, MARKETING AND SALES 0 215913 0 0 0 2956 0 22751 0 19637 0 261257 0 0 DANIEL WEINBERGER VP, INFORMATION TECHNOLOGY 0 99693 0 75 0 134722 0 4314 0 13611 0 252415 0 96198 ALPANA PATEL VP, CLINICAL SERVICES 0 152024 0 27831 0 20656 0 26289 0 4043 0 230843 0 0 PETER JAGGARD MEDICAL DIRECTOR 203775 0 1045 0 7800 0 8151 0 0 0 220771 0 0 0 LINDSEY AUMICK DIRECTOR OF FINANCE 0 174612 0 31517 0 323 0 8245 0 1232 0 215929 0 0 ANDREW WISSEL DIRECTOR, HUMAN RESOURCES 0 134059 0 3000 0 23858 0 5926 0 23605 0 190448 0 16364 PART I, LINE 1A TODD F. SWORTZEL RECEIVED A $23,274 TAXABLE HOUSING ALLOWANCE FROM PRESBYTERIAN HOMES (THE SOLE CORPORATE MEMBER OF WESTMINSTER PLACE WHICH IS INCLUDED IN W-2 WAGES.) RAMONA WILT RECEIVED A $791 TAXABLE HOUSING ALLOWANCE FROM PRESBYTERIAN HOMES (THE SOLE CORPORATE MEMBER OF WESTMINSTER PLACE WHICH IS INCLUDED IN W-2 WAGES.) PART I, LINE 3 THE GOVERNANCE COMMITTEE OF PRESBYTERIAN HOMES (SOLE MEMBER OF WESTMINSTER PLACE) 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 GOVERNANCE 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 GOVERNANCE COMMITTEE REGARDING COMPENSATION, INCENTIVES AND BENEFITS ADJUSTMENTS. THE GOVERNANCE 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 GOVERNANCE 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 GOVERNANCE COMMITTEE PROCEEDINGS ARE CONTEMPORANEOUSLY DOCUMENTED AND MINUTES ARE MAINTAINED AND ON FILE AT THE CORPORATE OFFICE. PART I, LINES 4A-B PART I, LINE 4A - DURING THE YEAR, DANIEL WEINBERGER RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $26,991. PART I, LINE 4B - PRESBYTERIAN HOMES (SOLE MEMBER OF WESTMINSTER PLACE) 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, NANCY TOLAN, ANDREW WISSEL, RAMONA WILT, ALPANA PATEL, DANIEL WEINBERGER AND WILLIAM CASPER. DURING THE YEAR TODD SWORTZEL RECEIVED PAYMENTS TOTALING $168,568 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 $39,976 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR NANCY TOLAN RECEIVED PAYMENTS TOTALING $16,920 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR ANDREW WISSEL RECEIVED PAYMENTS TOTALING $16,364 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR DANIEL WEINBERGER RECEIVED PAYMENTS TOTALING $96,198 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. EFFECTIVE APRIL 1, 2021, PRESBYTERIAN HOMES (SOLE MEMBER OF WESTMINSTER PLACE) 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 FOUR-YEAR PERIOD 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, CENSUS METRICS AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THIS BONUS WAS APPROVED BY BOARD OF DIRECTORS UPON THE RECOMMENDATION OF THE GOVERNANCE 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 45204FHL2 2021-03-31 70917301 TO REFUND SERIES 2016B BONDS & FUND COSTS OF CERTAIN WESTMINSTER FACILITIES 0 0 0 A 7127362 14230400 230400 14000000 2016 1 0 1 1 B 205000 41493781 476620 31009954 4101990 5905307 1 0 0 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 A 0 0 1 1 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 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. $14,230,400 OF THE TOTAL PROCEEDS IS ALLOCABLE TO WESTMINSTER PLACE. THE REMAINING PROCEEDS OF $100,253,916 ARE REPORTED ON THE FORM 990, SCHEDULE K OF PRESBYTERIAN HOMES. SCHEDULE K, PART II, LINE 7, BOND A: TOTAL ISSUANCE COST FOR THE BOND IS $1,817,171. $230,400 OF THE TOTAL COST IS ALLOCABLE TO WESTMINSTER PLACE. THE REMAINING COST OF $1,586,771 IS REPORTED ON THE FORM 990, SCHEDULE K OF PRESBYTERIAN HOMES. SCHEDULE K, PART I AND II, LINE 3, BOND B: 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. $41,493,781 OF THE TOTAL PROCEEDS IS ALLOCABLE TO WESTMINSTER PLACE. THE REMAINING PROCEEDS OF $29,423,520 ARE REPORTED ON THE FORM 990, SCHEDULE K OF PRESBYTERIAN HOMES. SCHEDULE K, PART II, LINE 7, BOND B: TOTAL ISSUANCE COST FOR THE BOND IS $1,002,040. $476,620 OF THE TOTAL COST IS ALLOCABLE TO WESTMINSTER PLACE. THE REMAINING COST OF $525,420 IS REPORTED ON THE FORM 990, SCHEDULE K OF PRESBYTERIAN HOMES. FORM 990, PART VI, SECTION A, LINE 1A 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 A, LINE 3 THE ORGANIZATION HAS AN AGREEMENT WITH PRESBYTERIAN HOMES MANAGER, LLC WHO EMPLOYS THE MANAGEMENT TEAM AND MANAGES THE FACILITIES AND PROVIDES A NUMBER OF SERVICES ON A CENTRALIZED BASIS UNDER THE TERMS OF A SEPARATE MANAGEMENT SERVICES AGREEMENT. PURSUANT TO THE MANAGEMENT SERVICES AGREEMENT, THE FEE IS DETERMINED ON AN ANNUAL BASIS BY AGREEMENT BETWEEN PH MANAGER, LLC AND THE ORGANIZATION. TOTAL MANAGEMENT FEES PAID FOR THE YEAR ENDED MARCH 31, 2023 WERE $ 3,579,259, 6.5% OF THE ORGANIZATION'S BUDGETED REVENUES. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE CORPORATE MEMBER OF WESTMINSTER PLACE IS PRESBYTERIAN HOMES (EIN 47-1545753). FORM 990, PART VI, SECTION A, LINE 7A ARTICLE I, SECTION 4 OF THE BYLAWS INDICATES THAT THE MEMBER (PRESBYTERIAN HOMES) SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBER. ARTICLE III, SECTION 1 OF THE BYLAWS INDICATES THAT THE NUMBER OF DIRECTORS MAY BE DECREASED TO NOT FEWER THAN THREE (3) OR INCREASED TO ANY NUMBER FROM TIME TO TIME BY THE MEMBER (PRESBYTERIAN HOMES), IN A WRITING SIGNED BY THE MEMBER (PRESBYTERIAN HOMES). 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 BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AN EXTENSIVE CONFLICTS 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, ALL COMMITTEE CHAIRS REMIND DIRECTORS AT ALL MEETINGS OF THE BOARD OR BOARD COMMITTEES 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 GOVERNANCE 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 IS 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 GOVERNANCE 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 GOVERNANCE COMMITTEE REGARDING COMPENSATION, INCENTIVES AND BENEFITS ADJUSTMENTS. THE GOVERNANCE 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 GOVERNANCE 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 GOVERNANCE 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. CONTACT FOR THE INFORMATION IS 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 VII: MR. TODD F. SWORTZEL, SERVED AS CHIEF EXECUTIVE OFFICER UNTIL DECEMBER 2022 AND ASSIGNED 80 PERCENT OF HIS TIME TO RELATED ORGANIZATIONS, PRESBYTERIAN HOMES AND THE GENEVA FOUNDATION, AND 20 PERCENT OF HIS TIME TO THE FILING ORGANIZATION, WESTMINSTER PLACE. MR. NADIM ABI-ANTOUN SERVED AS CHIEF OPERATING OFFICER UNTIL DECEMBER 2022 AND STARTED HIS NEW ROLE AS CHIEF EXECUTIVE OFFICER AS OF JANUARY 2023. AS CHIEF OPERATING OFFICER, HE ASSIGNED 65 PERCENT OF HIS TIME TO PRESBYTERIAN HOMES, AND 35 PERCENT OF HIS TIME TO WESTMINSTER PLACE. AS CHIEF EXECUTIVE OFFICER, HE ASSIGNS 70 PERCENT OF HIS TIME TO RELATED ORGANIZATIONS, PRESBYTERIAN HOMES AND THE GENEVA FOUNDATION, AND 30 PERCENT OF HIS TIME TO THE FILING ORGANIZATION, WESTMINSTER PLACE. THE CHIEF FINANCIAL OFFICER ASSIGNS 70 PERCENT OF HIS TIME TO PRESBYTERIAN HOMES AND THE GENEVA FOUNDATION, AND 30 PERCENT OF HIS TIME TO WESTMINSTER PLACE. FORM 990, PART XI, LINE 9: CAPTIVE MEMBER'S SAVING ALLOCATION 36,668. GENEVA FOUNDATION OF PRESBYTERIAN HOMES 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 710945228 LIFE PLAN COMMUNITIES IL 501(C)(3) LINE 12A, I PRESBYTERIAN HOMES 0 PRESBYTERIAN HOMES 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 471545753 LIFE PLAN COMMUNITIES IL 501(C)(3) LINE 10 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0