2025-05-15T17:04:46+00:00 2024-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2023-07-01 351124441 Franciscan Communities Inc FRAN 3313185161 11500 Theresa Drive Lemont IL 604392727 ROBERT ROSENBERGER TREASURER & CHIEF FINANCIAL OFFICER 3313185161 2025-05-15 true JENNIFER BURKE P01342224 3128997000 2025-05-15 2023 2025-03-06 01:10:19Z Regina Umanskiy 11500 Theresa Drive Lemont IL 604392727 133168698 false 0928 X www.franciscancommunities.com X 1940 IN ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO. 3 2 1877 152 0 0 2344171 798586 112485910 126316247 3644795 4575052 521271 1276033 118996147 132965918 0 0 48734094 56926998 0 0 72683440 72282277 121417534 129209275 -2421387 3756643 213321826 221291698 186533033 187576209 26788793 33715489 X THE MISSION OF FRANCISCAN COMMUNITIES INC. ("FRANCISCAN COMMUNITIES") IS TO CELEBRATE LIFE AND SERVE WITH JOY. (CONTINUED ON SCHEDULE O). false false 63471317 0 72065643 NURSING HOME CARE: FRANCISCAN COMMUNITIES PROVIDES NURSING CARE SERVICES TO MEET THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF THE RESIDENTS. SOME OF THE AMENITIES PROVIDED INCLUDE PERSONALIZED CARE PLANS, LICENSED NURSING STAFF, THREE MEALS DAILY, SNACKS, HOUSEKEEPING, MAINTENANCE, RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES, AND SECURITY. THE AVERAGE DAILY CENSUS APPROXIMATED 432 IN FISCAL 2024. 22410352 0 28111985 ASSISTED LIVING: FRANCISCAN COMMUNITIES PROVIDES ASSISTED LIVING SERVICES TO ALLOW RESIDENTS TO RECEIVE THE ASSISTANCE THEY NEED WHILE MAINTAINING AN ACTIVE LIFESTYLE. THESE SERVICES ARE DESIGNED TO MEET THE PHYSICAL, SOCIAL AND SPIRITUAL NEEDS OF THE RESIDENTS. ACCOMMODATIONS INCLUDE EFFICIENCIES, STUDIOS, AND ONE BEDROOM UNITS. SOME OF THE AMENITIES PROVIDED INCLUDE THREE MEALS DAILY, SNACKS, HOUSEKEEPING, MAINTENANCE, SECURITY, AND RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES. IN ADDITION, STAFF IS AVAILABLE TO PROVIDE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING TO MEET EACH RESIDENT'S NEEDS. THE AVERAGE CENSUS IN ASSISTED LIVING APPROXIMATED 284 IN FISCAL 2024. 21157695 0 25457967 INDEPENDENT LIVING: FRANCISCAN COMMUNITIES PROVIDES INDEPENDENT LIVING SERVICES TO ALLOW RESIDENTS TO ENJOY ACTIVE AND INDEPENDENT LIFESTYLES. THESE SERVICES ARE DESIGNED TO MEET THE PHYSICAL, SOCIAL AND SPIRITUAL NEEDS OF THE RESIDENTS. ACCOMMODATIONS INCLUDE GARDEN HOMES, VILLAS, AND APARTMENTS. SOME OF THE AMENITIES PROVIDED INCLUDE DINING, HOUSEKEEPING, MAINTENANCE, TRANSPORTATION, HEALTH AND FITNESS, RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES, SECURITY, AND AN EMERGENCY RESPONSE SYSTEM. THE AVERAGE CENSUS IN INDEPENDENT LIVING APPROXIMATED 526 IN FISCAL 2024. 0 680652 CONTRACTED LABOR AND MANAGEMENT FEES WITH RELATED EXEMPT ORGANIZATION, RESIDENT SERVICE PROVIDER LEASE INCOME, AND COMMUNITY SPACE RENTAL INCOME. 680652 107039364 true true false false false false false true false true false false false true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false true 201 0 true 1877 true false false false false false true false false false false false false false X 3 2 true false false false true true true true false false false true true true true true true true true false IL IN OH X Henry Zeisel 3313185161 11500 Theresa Drive Lemont IL 604392727 Bobbie Parkhill Vice Chairman 0.1 0.9 X X 0 0 0 James Stark Chairman 0.1 0.9 X X 0 0 0 Regina Umanskiy President & Chief Executive Officer 0.1 39.9 X X 0 545065 59816 Andrea Ramirez-Justin Secretary 0.1 0.9 X 0 0 0 Robert Rosenberger Treasurer and Chief Financial Officer 0.1 39.9 X 0 215232 33262 Calvin Isaacson Executive Director - III VL 40.0 0 X 311168 0 21123 Cari Saysongkham Executive Director - Marian Village 40.0 0 X 144161 0 22679 Dawn Cohn Executive Director - Addolorata Villa 40.0 0 X 196532 0 58320 Marcus Shaw Executive Director - SJV 40.0 0 X 154260 0 2309 Nicole Veal-Prom Executive Director - II FV 40.0 0 X 156141 0 33278 Daniel Noonan Former Treasurer and Chief Financial Officer 0.0 0.0 X 0 350562 1092 Judy L Amiano Former President & Chief Executive Officer 0.0 0.0 X 0 37922 0 962262 1148781 231879 0 true true false Symbria Rehab Inc 28100 Torch Pkwy Ste 600 Warrenville IL 60555 Therapy 5049266 United Methodist Homes & Services 1415 W Foster Ave Chicago IL 60640 Contracted nurse staffing 3032207 Synergy Construction Group LLC 2037 W Carroll Ave Chicago IL 60612 Construction 1914109 IntelyCare Inc 1515 Hancock St Ste 203 Quincy MA 02169 Temporary Nursing Services 1024808 Twomagnets Inc dba Clipboard Health 340 S Lemon Ave 5028 Walnut CA 91789 Temporary nursing staff 751828 12 798586 798586 NET SERVICE REVENUE - INDEPENDENT LIVING 623000 23969900 23969900 NET SERVICE REVENUE - ASSISTED LIVING 623000 30752119 30752119 NET SERVICE REVENUE - Skilled care 623000 71594228 71594228 0 0 0 0 126316247 2654895 2654895 31585 31585 0 31585 31585 2122937 202780 2122937 -202780 1920157 1920157 Entrance Fee Revenue 900099 800228 800228 MISCELLANEOUS REVENUE 900099 298161 298161 Dept Revenue 900099 146059 146059 0 0 0 0 1244448 132965918 126316247 0 5851085 X 47630854 39458285 8172569 9296144 7701098 1595046 424344 351534 72810 42560559 35257957 7302602 0 1711919 1418186 293733 4854200 4021309 832891 9860853 8168914 1691939 1529713 1267243 262470 drugs, food, supplies and other 9189102 7612423 1576679 Providers taxes 1362641 1128837 233804 Bad Debt 788946 653578 135368 0 0 0 0 129209275 107039364 22169911 0 10501 70737 3924899 6948943 0 8500 4452599 5377821 0 0 0 0 0 650109 629707 900763 1467020 273312262 174092783 99348560 99219479 98596005 99905988 0 0 0 5438390 7663503 213321826 221291698 11464464 13204307 0 0 60067275 61809479 112834303 110784342 29630 35446 0 0 0 359000 0 1778361 1742635 186533033 187576209 X 21859092 29858774 4929701 3856715 0 0 0 26788793 33715489 213321826 221291698 X 3756643 2571318 598735 X false true X true true X 2754685 3188116 2380361 2344171 798586 11465919 109493117 97026322 103863414 112485910 126316247 549185010 289531 293115 324666 518288 1951742 3377342 0 0 112537333 100507553 106568441 115348369 129066575 564028271 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 564028271 1957102 1836411 1662605 2486115 2654895 10597128 0 1957102 1836411 1662605 2486115 2654895 10597128 0 163783 86045 74524 518287 1244448 2087087 114658218 102430009 108305570 118352771 132965918 576712486 0.9780 0.9816 0.02 0.02 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - MANAGEMENT SERVICES TO RELATED ORGANIZATIONS, COLUMN A - 256836.0, COLUMN B - , COLUMN C - , COLUMN D - 14713.0, COLUMN E - , COLUMN F - 271549.0; DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - 22956.0, COLUMN B - , COLUMN C - , COLUMN D - 285365.0, COLUMN E - 298161.0, COLUMN F - 606482.0; DESCRIPTION - REBATES & REFUNDS, COLUMN A - -125888.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - -125888.0; DESCRIPTION - INSURANCE SETTLEMENT, COLUMN A - 9879.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 9879.0; DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - , COLUMN B - 86045.0, COLUMN C - 74524.0, COLUMN D - , COLUMN E - , COLUMN F - 160569.0; DESCRIPTION - CAFETERIA, DELI AND VENDING, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 120290.0, COLUMN E - , COLUMN F - 120290.0; DESCRIPTION - DINING SERVICES, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 97919.0, COLUMN E - , COLUMN F - 97919.0; DESCRIPTION - ENTRANCE FEE REVENUE, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 800228.0, COLUMN F - 800228.0; DESCRIPTION - DEPT REVENUE, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 146059.0, COLUMN F - 146059.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 15057284 15057284 210704434 140343195 70361239 22252654 16950074 5302580 25297890 16799514 8498376 99219479 Due to 3rd Party Payors 1066132 457 Liability 331539 Asset retirement obligation 162362 Unclaimed funds 132602 Life annuity obligation 50000 1742635 X 137387525 2571318 2286051 4857369 132530156 424344 11418 435762 132965918 128784931 0 0 128784931 424344 0 424344 129209275 Schedule D, Part IV, Line 2b Explanation of escrow agreement The organization maintains resident trust funds for certain residents, including a common bank account and petty cash. The resident trust funds are established to segregate resident funds that are used to make certain expenditures under Responsible Payee arrangements and to have funds available to meet the cash needs of the residents. The residents receive quarterly statements of their account activity. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("FSCSC"). FRANCISCAN MINISTRIES HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE (IRS) AND STATE JURISDICTIONS WHERE IT OPERATES. FRANCISCAN MINISTRIES BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON FRANCISCAN MINISTRIES' FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, FRANCISCAN MINISTRIES HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024 AND 2023. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN FAIR VALUE OF SWAP AGREEMENT - 2286051 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Net Assets released from restriction - 11418 true true false false false false false false false Judy L Amiano Former President & Chief Executive Officer 0 0 0 0 0 37922 0 0 0 0 0 37922 0 0 Regina Umanskiy President & Chief Executive Officer 0 405885 0 136110 0 3070 0 58258 0 1558 0 604881 0 0 Daniel Noonan Former Treasurer and Chief Financial Officer 0 23530 0 0 0 327032 0 1092 0 0 0 351654 0 0 Robert Rosenberger Treasurer and Chief Financial Officer 0 213526 0 125 0 1581 0 23402 0 9860 0 248494 0 0 Calvin Isaacson Executive Director - III VL 152359 0 12376 0 146433 0 11949 0 9174 0 332291 0 0 0 Dawn Cohn Executive Director - Addolorata Villa 167714 0 27154 0 1664 0 14990 0 43330 0 254852 0 0 0 Nicole Veal-Prom Executive Director - II FV 150778 0 5000 0 363 0 10302 0 22976 0 189419 0 0 0 Cari Saysongkham Executive Director - Marian Village 133646 0 9500 0 1015 0 10448 0 12231 0 166840 0 0 0 Marcus Shaw Executive Director - SJV 148353 0 4744 0 1163 0 2309 0 0 0 156569 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED BY FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION, USING THE FOLLOWING METHODS: *COMPENSATION COMMITTEE *APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE *COMPENSATION STUDY Schedule J, Part I, Line 4a Severance or change-of-control payment DURING CALENDAR YEAR 2023, A SEVERANCE PAYMENT WAS MADE TO DANIEL NOONAN IN THE AMOUNT OF $212,908 THAT WAS TREATED AS TAXABLE AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B (III). Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE FOLLOWING SUMMARY LISTS THE EMPLOYEES PARTICIPATING IN A NONQUALIFIED 457(F) RETIREMENT PLAN. THESE AMOUNTS WERE PAID AND DEFERRED IN CALENDAR 2023: 457(F) Plan Paid/Deferred Regina Umanskiy -0/26,608 Daniel Noonan - 31,199/0 Judy Amiano - 20,178/0 A Illinois Finance Authority 861091967 45203H8Z8 2017-06-28 74312922 2017A-D - capital projects and refunding false false true B ILLINOIS FINANCE AUTHORITY 861091967 000000000 2021-10-14 27271460 SERIES 2021 - REFUNDING SERIES 2017 BONDS false false true C ILLINOIS FINANCE AUTHORITY 861091967 000000000 2023-05-15 61107300 Series 2023 - REFUNDING SERIES 2013A BONDS false false true A 44450156 0 74780874 2990184 67944 0 1486258 0 0 14660083 55576405 0 2019 true false true true B 626940 0 27271460 0 0 0 476142 0 0 0 26795318 0 2021 true false true true C 593400 0 61107300 0 0 0 1105644 0 0 0 60001656 0 2023 true false true true A false false true true false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false false false 0.0 0.0 0.0 false false true A false false false true true false false false true B false false true false true true Wintrust Bank 15.0 false false false false true C false false true false true true Huntington National Bank 15.0 false false false false true A true B true C true Schedule K, Part III, Line 3a Management/Service Contracts and Rent Management Contracts and Rent received by Franciscan Communities is generated by related 501(c)(3) corporations and therefore do not generate any private business income. Schedule K, Part I, Column (f) Purpose of IFA - 2017A-D The purpose of the Series 2017 Bonds were to (i) finance, refinance, or reimburse the Obligated Group for the payment of certain costs of acquiring constructing, renovating, remodeling, and equipping certain projects for certain of the senior living facilities owned by the Obligated Group in the States of Illinois, Indiana, and Ohio; (ii) refund all of the (a) Illinois Finance Authority Revenue Bonds, Series 2004B (Franciscan Communities, Inc.) Extendable Rate Adjustable SecuritiesSM (EXTRASSM) (the "Series 2004B Bonds"), (b) Illinois Finance Authority Revenue Bonds, Series 2013B (Franciscan Communities, Inc.) (the "Series 2013B Bonds together with the Series 2004B Bonds and the Series 2007A Bonds, the "Illinois Bonds"), (c) County of Cuyahoga, Ohio Health Care Facilities Revenue Bonds, Series 2004C (Franciscan Communities, Inc. - Mount Alverna Project) (the "Series 2004C Bonds"), and (d) County of Cuyahoga, Ohio Health Care Facilities Revenue Bonds, Series 2004D (Franciscan Communities, Inc. - Mount Alverna Project) Extendable Rate Adjustable SecuritiesSM (EXTRASSM) (the "Series 2004D Bonds together with the Series 2004C Bonds, the "Ohio Bonds, the Illinois Bonds and the Ohio Bonds are collectively referred to herein as the "Prior Bonds"); and (iii) pay certain expenses incurred in connection with the issuance of the Series 2017 Bank Bonds and the refunding of the Prior Bonds. Schedule K, Part I, Column (i) Pooled Financing of IFA Series 2017A-D $76,076,103 Illinois Finance Authority Revenue Bonds, Series 2017A-D Franciscan Communities, Inc. FEIN: 35-1124441 Amount Benefiting Organization: $74,312,922 University Place, Inc. FEIN: 35-2058981 Amount Benefiting Organization: $1,763,181 Schedule K, Part I, Column (f) Purpose of IFA - 2021 The purpose of the Series 2021 bonds were to apply the proceeds from the sale to fund the early retirement of the Series 2017E taxable bonds, refunding of the Series 2017B, Series 2017C, and Series 2017D bonds, and to pay certain expenses incurred in connection with the issuance of the Series 2021 bonds and the refunding of the prior bonds. Schedule K, Part I, Column (i) POOLED FINANCING OF IFA SERIES 2021A $31,711,000 Illinois Finance Authority Revenue Bonds, Series 2021A Franciscan Communities, Inc. FEIN: 35-1124441 Amount Benefiting Organization: $27,271,460 University Place, Inc. FEIN: 35-2058981 Amount Benefiting Organization: $4,439,540 Schedule K, Part I, Column (i) POOLED FINANCING OF IFA SERIES 2023 $71,055,00 Illinois Finance Authority Revenue Bonds Series 2023 Franciscan Communities, Inc. FEIN: 35-1124441 Amount Benefiting Organization: $61,107,300 University Place, Inc. FEIN: 35-2058981 Amount Benefiting Organization: $9,947,700 Schedule K, Part II, Line 3 TOTAL PROCEEDS OF ISSUE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE. THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS THROUGH THE YEAR PLACED IN SERVICE. INVESTMENT EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS AND RESERVE FUNDS ON LINE 3 AND 4. Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 06/28/2022 Form 990, Part III, Line 1 VALUE STATEMENT THE VALUES OF FRANCISCAN COMMUNITIES, INC. INCLUDE: 1. RESPECT: REFLECT GOD IN ALL WE DO; 2. DEDICATION: PASSIONATELY CARRY FORWARD THIS MINISTRY ENTRUSTED TO US; 3. STEWARDSHIP: RESPONSIBLY USING THE GIFT OF OUR RESOURCES; 4. JOY: GIVE FROM OUR HEARTS. Form 990, Part III, Line 1 GIFT OF CARE GIFT OF CARE: FOR MORE THAN 125 YEARS, FRANCISCAN SISTERS OF CHICAGO, OUR FOUNDRESS, MOTHER MARY THERESA DUDZIK, AND FRANCISCAN COMMUNITIES HAVE FULFILLED THE DESPERATE NEED OF THE ELDERLY AND THE UNDERSERVED. THE GIFT OF CARE PROGRAM IS ONE OF THE WAYS DEVELOPED TO PROVIDE ADDITIONAL OUTREACH SERVICES TO THE UNDERPRIVILEGED POPULATION. LONG-TERM CARE IS VERY EXPENSIVE AND MANY WILL NOT BE ABLE TO PAY FOR ALL OF THE NECESSARY SERVICES OUT OF HIS OR HER OWN INCOME AND RESOURCES. THAT IS WHERE THE GIFT OF CARE CAN HELP. COMMITMENT: THE GIFT OF CARE IS A COMMITMENT BY FRANCISCAN COMMUNITIES TO UNDERWRITE ALL OR A PORTION OF A RESIDENT'S CARE FOR A SPECIFIC PERIOD OF TIME. IT IS BASED UPON DEFINED CRITERIA. AS A NOT-FOR-PROFIT ORGANIZATION, FRANCISCAN COMMUNITIES PROMOTES AND CARES FOR THE INTERESTS OF OLDER ADULTS IN AN ENVIRONMENT OF DIGNIFIED LIVING, CARING AND COMPASSION. IN THE SPIRIT AND TRADITION OF THE CATHOLIC CHURCH, THE FRANCISCAN SISTERS OF CHICAGO AND OUR FOUNDRESS, MOTHER MARY THERESA DUDZIK, HAVE BEEN OF SERVICE TO THE NEEDY AND THE POOR FOR OVER 120 YEARS. THIS PROGRAM IS ONE OF THE WAYS WE ADDRESS THE SPIRITUAL NEEDS OF THE COMMUNITY AND THOSE SERVED THROUGH PASTORAL CARE SERVICES, INCLUDING CHAPEL SERVICES. EACH FRANCISCAN COMMUNITY STRIVES TO PROVIDE THE GIFT OF CARE PROGRAM FOR APPLICANTS AND EXISTING RESIDENTS, WHO DESPERATELY NEED FINANCIAL ASSISTANCE WITH THE EXPENSES ASSOCIATED WITH OUR COMPASSIONATE SERVICES. DEPENDING ON THE INDIVIDUAL CIRCUMSTANCES, A PERSON MAY BE EITHER FULLY OR PARTIALLY SUPPORTED FINANCIALLY. CHARITY CARE PROVIDED BY FRANCISCAN COMMUNITIES IN FISCAL 2023 AMOUNTED TO $699,000 WITH UNREIMBURSED CARE OF $4,829,000 . Form 990, Part III, Line 4d Description of other program services (Expenses $ 0 including grants of $)(Revenue $ 680,652) CONTRACTED LABOR AND MANAGEMENT FEES WITH RELATED EXEMPT ORGANIZATION, RESIDENT SERVICE PROVIDER LEASE INCOME, AND COMMUNITY SPACE RENTAL INCOME. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons JAMES STARK,BOBBIE PARKHILL, ANDREA RAMIREZ-JUSTIN, REGINA UMANSKIY, ROBERT ROSENBERGER - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders The sole corporate member of Franciscan Communities, Inc. is the Franciscan Sisters of Chicago Service Corporation ("FSCSC"). The members of FSCSC shall consist of the General Minister and the members of the General Council of the Franciscan Sisters of Chicago (the "Members"). The Members shall act in a stewardship capacity and ensure that all actions of Franciscan Communities, Inc. are consistent with the purposes of FSCSC and the ethical and religious principles of the Franciscan Sisters of Chicago and in furtherance of their apostolates and the Catholic Church. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The sole corporate Member, the Franciscan Sisters of Chicago Service Corporation, has the reserve power to appoint and remove directors and fill vacancies on the Board of Directors of Franciscan Communities, Inc. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The Member, the Franciscan Sisters of Chicago Service Corporation ("FSCSC"), shall have the following reserved powers: (A) TO APPROVE THE CORPORATION'S STRATEGIC PLANS, ANNUAL, OPERATING, CAPITAL AND CASH FLOW BUDGETS AND SIMILAR DOCUMENTS DEVELOPED BY THE BOARD. (B) Governing document amendments and governance - 1. To approve any amendments to the articles of incorporation, bylaws or similar governing documents of Franciscan Communities, Inc. 2. To appoint and remove directors and fill vacancies on the Board of Directors. 3. To appoint or remove the Chairperson, President and CEO of Franciscan Communities, Inc. after consultation with the Board of Directors. (C) Significant actions - 1. To approve any merger, consolidation, dissolution or liquidation of Franciscan Communities, Inc., or any affiliate, other than a merger or consolidation solely between existing affiliates, subject to approval of the Members of FSCSC. 2. To approve the creation of any new affiliate or any affiliation, subject to approval of the Members of FSCSC. 3. To approve the establishment, termination, transfer or other acquisition or disposition of a major ministry, work or similar program by Franciscan Communities, Inc. or any affiliate, subject to approval of the Members of FSCSC. 4. TO APPROVE THE CREATION OF ANY NEW AFFILIATE OR ANY AFFILIATION OF FRANCISCAN COMMUNITIES, Inc. WITH ANOTHER ENTITY, SUBJECT TO APPROVAL OF THE MEMBERS OF FSCSC. 5. To approve the incurrence of indebtedness, the making of loans to other entities or the guaranty of any indebtedness of others, by Franciscan Communities, Inc. or any affiliate, in excess of the specified amounts. 6. To establish dollar limits below which Franciscan Communities, Inc. may authorize financial expenditures. 7. To establish dollar limits below which Franciscan Communities, Inc. may authorize litigation settlements or any release or cancellation by Franciscan Communities of a claim or right of action against another party. 8. To approve compliance plans, accounting, investing and human resource policies, employee pension and other benefit programs and other matters to the extent determined appropriate by FSCSC. 9. To approve ethicists, auditors, legal counsel and other significant consultants of Franciscan Communities, Inc. 10. To establish compensation ranges for employees of Franciscan Communities, Inc., to the extent deemed appropriate. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THERE ARE NO COMMITTEES WITH THE AUHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body Management presented a final draft of the completed form 990, including all applicable schedules, to the Audit and Finance Committee and made the same available to all board members, prior to its filing with the Internal Revenue Service. Form 990, Part VI, Line 12c Conflict of interest policy As provided for in the conflict of interest policy, it is the responsibility of the Board or Committee Chair to ensure that each director, officer, and member of a board committee annually signs an FSCSC approved conflict of interest disclosure statement. Copies of all signed statements are forwarded to the Compliance Officer. Key employees, officers and highest compensated employees are required to complete an annual conflict of interest statement that is reviewed by their direct supervisor. Potential conflicts of interest of board members are brought to the attention of the board chair. After discussion with the interested person, he or she shall leave the board or committee meeting while a determination of a conflict of interest is discussed and voted on. Proposed transactions with interested persons on the Board of Directors or committees require the approval of the board prior to entering into the proposed transaction or arrangement. The interested person shall not be in attendance during the presentation or the vote on the proposed transaction or arrangement. KEY EMPLOYEES, OFFICERS AND HIGHEST COMPENSATED EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT IS REVIEWED BY THEIR DIRECT SUPERVISOR. THE SUPERVISOR WILL WORK WITH THE COMPLIANCE OFFICER AND POSSIBLY HUMAN RESOURCES IN TAKING APPROPRIATE STEPS TO ADDRESS THE POTENTIAL CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official Franciscan Communities, Inc. top management official is paid by the Franciscan Sisters of Chicago Service Corporation ("FSCSC"), a related tax-exempt organization. The board of directors of the organization has adopted an executive compensation philosophy to enable FSCSC to recruit, retain, develop and motivate capable and committed executive leaders essential to sustaining its mission and achieving its vision and organizational goals. The executive compensation committee monitors the compensation strategy to reflect changes in market conditions and executive needs. This strategy and the reward elements serve as a "road map" for the on-going administration of the compensation programs. The Board has adopted a philosophy of viewing executive compensation in its totality, considering all reward elements - both extrinsic and intrinsic, provided to executives. Annually, the executive compensation committee makes the recommendation on the compensation for the president and chief executive officer with final approval from the sponsor as recommended by the FSCSC board of directors. The recommendation is based, in part, on the review of the most current market data available and compensation strategy discussion. FSCSC's president and chief executive officer makes recommendations to the executive compensation committee for the establishment of salary ranges and salaries for the chief financial officer and chief operating officer of the organization. The executive compensation committee of the board of directors has adopted a practice of having a third-party review of total remuneration for executive staff and obtains a letter of reasonableness every two to three years. This third party review includes: 1. Obtain and analyze comparable compensation data for similar persons in functionally comparable positions in similar organizations; 2. Contemporaneous documentation and record keeping with respect to deliberations and decisions regarding the compensation arrangements is maintained; 3. The process of obtaining comparable compensation data was last performed in March 2025, and the executive Compensation Committee reviewed the third party data regarding Executive Compensation for the CEO, in light of the current year trends. Form 990, Part VI, Line 15b Process to establish compensation of other employees The President and Chief Executive Officer, makes recommendations to the Executive Compensation Committee for the establishment of salary ranges and salaries for the Chief Financial Officer and Chief Operating Officer of the organization. The Chief People Officer is responsible for making recommendations and establishing compensation ranges for the position of Vice President of Ministry Development; Chief People Officer; Vice President of Mission Integration and Pastoral Care; and Vice President of Clinical Services. FSCSC's Chief People Officer has the responsibility to establish compensation recommendations for the organization's other officers and key employees. The process for determining the appropriate compensation of each position includes: 1. Human Resources department obtains and analyzes comparable compensation data for similar person in functionally comparable position in similar organizations. 2. President and Chief Executive Officer reviews and make final approval of compensation ranges and salaries. 3. Compensation review is shared with the Executive Compensation Committee for all executive positions. 4. Contemporaneous documentation and record keeping with respect to deliberations and decisions regarding the compensation arrangements is maintained. Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents, conflict of interest policy and financial statements available to the public in accordance with applicable laws and regulations. Form 990, Part IX, Line 11g Other Fees PURCHASED SERVICES - Total Expense: 24943426, Program Service Expense: 20663598, Management and General Expenses: 4279828, Fundraising Expenses: ; ADMINISTRATIVE SERVICES - Total Expense: 9377237, Program Service Expense: 7768277, Management and General Expenses: 1608960, Fundraising Expenses: ; shared management fee - Total Expense: 7926077, Program Service Expense: 6566109, Management and General Expenses: 1359968, Fundraising Expenses: ; agency expense - Total Expense: 313819, Program Service Expense: 259973, Management and General Expenses: 53846, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in fair value of swap - 2286051; NET ASSET TRANSFER - -1687316; FRANCISCAN SISTERS OF CHICAGO 11500 THERESA DRIVE LEMONT IL 60439 362877607 PARENT IL 501(c)(3) 1 NA false Franciscan Sisters of Chicago Service Corp 11500 THERESA DRIVE LEMONT IL 60439 363579767 Management IL 501(c)(3) Type II FSC false UNIVERSITY PLACE INC 11500 THERESA DRIVE LEMONT IL 60439 352058981 HEALTHCARE IN 501(c)(3) 10 FSCSC false Franciscan Communities Inc II 11500 Theresa Drive Lemont IL 60439 820822232 HEALTHCARE IL 501(c)(3) 10 FSCSC false FRANCISCAN COMMUNITY SERVICES INC 11500 THERESA DRIVE LEMONT IL 60439 364026985 HEALTHCARE IL 501(c)(3) 10 FSCSC false ST JOSEPH SENIOR HOUSING 11500 THERESA DRIVE LEMONT IL 60439 371485002 AFFORDABLE HOUSING IL 501(c)(4) FSCSC false FRANCISCAN COMMUNITY BENEFIT SERVICES 11500 THERESA DRIVE LEMONT IL 60439 364454351 FOUNDATION IL 501(c)(3) 7 FSCSC false ST JUDE HOUSE 11500 THERESA DRIVE LEMONT IL 60439 351905782 ABUSE SHELTER IN 501(c)(3) 7 FCBS false SAMC INC 11500 THERESA DRIVE LEMONT IL 60439 351172181 HOSPITAL IN 501(c)(3) 3 FSCSC false The Village at Mercy Creek 1501 Mercy Creek Dr Normal IL 617619597 454195490 Healthcare IL 501(c)(3) 10 FSCSC false FRANCISCAN ADVISORY SERVICES INC 11500 THERESA DRIVE LEMONT IL 60439 900821523 MANAGEMENT AND DEVELOPMENT ADVISORY SERVICES IL FSCSC C Corporation false false false false false false false false false false true true false true false false true true true true