2022-08-11T10:37:09-05:00 2021-09-30 390758449 WIPFLI LLP 170 NORTH RADNOR-CHESTER ROAD SUITE 200 RADNOR PA 19087 990 2020-10-01 390830668 EASTCASTLE PLACE INC EAST 4149636151 2505 E BRADFORD AVENUE MILWAUKEE WI 53211 KEN KERNEN CHAIRMAN OF THE BOARD 4149636151 2022-08-10 1 KEN KERNEN 999009999 SOLOMON MARDAKHAEV P01806552 6105653930 2022-08-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEN KERNEN 2505 E BRADFORD AVENUE MILWAUKEE WI 53211 15627969 0 X WWW.EASTCASTLEPLACE.COM X 1884 WI RETIREMENT COMMUNITY 10 10 317 10 0 0 348568 2527975 12990294 12263778 229989 208058 486786 625486 14055637 15625297 0 0 0 0 7430811 7995615 0 0 100268 7237287 7231837 14668098 15227452 -612461 397845 45327289 44725962 52413916 50211407 -7086627 -5485445 EASTCASTLE PLACE, INC. IS A NONPROFIT SENIOR LIVING COMMUNITY DEDICATED TO SERVING RESIDENTS AND THEIR FAMILIES BY OFFERING A FULL CONTINUUM OF CARE AND FOSTERING ACTIVE AND FULFILLING LIFESTYLES WHILE RESPECTING THE DIGNITY AND INDEPENDENCE OF THE RESIDENTS. 0 0 4490489 0 4448336 CONVALESCENT CENTER SERVICES: PROVIDE CARE AND SERVICES TO RESIDENTS IN NEED OF SKILLED NURSING CARE. 4255797 0 4728541 PROVIDE ASSISTED LIVING AND MEMORY SUPPORT SERVICES TO RESIDENTS AT A LEVEL OF CARE NOT REQUIRING SKILLED CARE.PROVIDE HOME RESIDENT SERVICES INCLUDING LIMITED CARE FOR RESIDENTS AT AN INDEPENDENT LEVEL. 2955873 0 3086901 PROVIDE ASSISTED LIVING AND MEMORY SUPPORT SERVICES TO RESIDENTS AT A LEVEL OF CARE NOT REQUIRING SKILLED CARE. 11702159 1 1 0 0 0 0 0 0 1 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 48 0 317 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 1 0 1 1 1 0 0 1 1 1 1 1 0 1 0 0 WI X BRAD SITZBERGER 4149636151 2505 E BRADFORD AVENUE MILWAUKEE WI 53211 BRAD SITZBERGER DIRECTOR OF FINANCE 40.00 1.00 X 109825 0 4247 TYLER GUDEX EXECUTIVE DIRECTOR 40.00 1.00 X 0 0 0 KEN KERNEN CHAIRMAN 1.00 1.00 X X 0 0 0 NANCY O'DONNELL PAST CHAIRMAN 1.00 1.00 X X 0 0 0 BARBARA TICE VICE CHAIRMAN & TREASURER 1.00 1.00 X X 0 0 0 DAN ADAMS DIRECTOR 1.00 1.00 X 0 0 0 TONY BESASIE EXEC. COMM. MEMBER AT LARGE 1.00 1.00 X 0 0 0 CONNOR FITZGERALD DIRECTOR 1.00 1.00 X 0 0 0 DR GEORGE LANGE DIRECTOR 1.00 1.00 X 0 0 0 GEORGE MAREK DIRECTOR 1.00 1.00 X 0 0 0 HAVILAH NORMINGTON DIRECTOR 1.00 1.00 X 0 0 0 JAY VAN CLEAVE DIRECTOR 1.00 1.00 X 0 0 0 109825 0 4247 1 0 0 0 LIFE CARE SERVICES LLC 400 LOCUST STREET SUITE 820 DES MOINES IA 50309 CONSULTING AND MANAGEMENT SERVICES 889292 ENCORE REHABILITAION SERVICES 33533 W 12 MILE ROAD SUITE 290 FARMINGTON HILLS MI 48331 THERAPY SERVICES 537685 2 1825682 702293 1342 2527975 SKILLED NURSING REVENUE 623000 4448336 4448336 INDEPENDENT LIVING REVENUE 623000 4223341 4223341 ASSISTED LIVING REVENUE 623000 1972971 1972971 CBRF REVENUE 623000 1114688 1114688 APARTMENTS REVENUE 623000 504442 504442 12263778 210730 210730 2672 -2672 -2672 -2672 AMORTIZATION OF DEFERRED ENTRANCE 900099 625486 625486 625486 15625297 12263778 0 833544 114072 114072 6277505 5439948 746532 91025 96664 86668 9996 981181 682642 296263 2276 526193 448960 70266 6967 362421 362421 11148 11148 39525 39525 1032069 670802 361267 468141 468141 15281 15281 18561 18561 734553 699979 34574 16311 11419 4892 739497 739497 1739984 1720770 19214 213953 211590 2363 MEDICAL SUPPLIES 665846 665846 FOOD SUPPLIES 564560 564560 REPAIRS AND MAINTENANCE 161678 157568 4110 PROVISION FOR BAD DEBTS 3227 3227 445082 338180 106902 15227452 11702159 3425025 100268 721687 94593 672924 646674 14859 21881 147998 397830 62599627 33904047 29084342 28695580 6875462 5575275 7810017 9294129 45327289 44725962 1208384 1426371 2559925 2230563 20003996 19510984 353423 475638 28288188 26567851 52413916 50211407 X -12189085 -11171226 5102458 5685781 -7086627 -5485445 45327289 44725962 X 397845 1203337 X 0 1 X 1 0 X 1024859 79208 172129 348568 2527975 4152739 11670593 12906963 13029235 12990294 12263778 62860863 167260 290267 417753 486786 625486 1987552 12862712 13276438 13619117 13825648 15417239 69001154 0 0 0 69001154 161111 235537 306772 238892 210730 1153042 161111 235537 306772 238892 210730 1153042 13023823 13511975 13925889 14064540 15627969 70154196 0.98360 0.98150 0.01640 0.01850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 329166 329166 57205472 30838514 26366958 4427443 3065533 1361910 637546 637546 28695580 CASH EQUIVALENTS 5238932 F ASSETS LIMITED AS TO USE 336343 F 5575275 BENEFICIAL INTEREST IN TRUST 5282731 DUE FROM MILWAUKEE PROTESTANT HOME, INC. 4011398 9294129 REFUNDABLE ENTRANCE FEES 25615565 INTEREST RATE SWAP AGREEMENT 952286 26567851 PART IV, LINE 1B: THE ACCOUNTS THAT EASTCASTLE PLACE, INC. IS A CUSTODIAN FOR ARE RESIDENT DEPOSITS AND FUNDS HELD FOR SAFEKEEPING. THE FUNDS ARE HELD BY TRUSTEES UNDER BOND INDENTURE AGREEMENTS - CERFICIATES OF DEPOSIT. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 2015-09-03 22738000 REFUND BONDS ISSUED ON DECEMBER 30, 2004; FINANCE BUILDING AND STRUCTURES 0 0 0 A 2800883 22738000 6204000 454760 1146472 14932768 2015 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/21/2020 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE CONTINUATION: FINANCE CONSTRUCTION AND EQUIPMENT FOR EXPANSION OF FACILITY; WORKING CAPITAL SCHEDULE K, PART II, LINE 11: OTHER SPENT PROCEEDS OF $14,932,768 - SIMULTANEOUS REFUNDING WITH CLOSING. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: DATE THE REBATE COMPUTATION WAS PERFORMED: 10/21/2020 FORM 990, PART VI, SECTION A, LINE 3 LIFE CARE SERVICES ASSUMES RESPONSIBILITY, AS AGENT OF EASTCASTLE PLACE, TO SERVE AS THE MANAGER OF THE COMMUNITY, INCLUDING THE REAL ESTATE, AND IN CONNECTION THEREWITH, TO RECOMMEND AND REGULARLY EVALUATE POLICIES AND GOALS OF EASTCASTLE PLACE, IMPLEMENT THE POLICIES, BUDGETS, DIRECTIVES AND GOALS FOR THE COMMUNITY ESTABLISHED BY EASTCASTLE PLACE, MANAGE THE DAY-TO-DAY OPERATIONS OF THE COMMUNITY IN ACCORDANCE WITH EASTCASTLE PLACE'S POLICIES, DIRECTIVES AND GOALS, PROVIDE RELEVANT INFORMATION AS TO PAST OPERATIONS, AND MAKE RECOMMENDATIONS AS TO THE FUTURE OPERATION OF THE COMMUNITY. LIFE CARE SERVICES IS AN INDEPENDENT CONTRACTOR, AND NOT A PARTNER OR JOINT VENTURER WITH EASTCASTLE PLACE. LIFE CARE SERVICES SHALL ACT UNDER THE POLICIES, DIRECTION AND CONTROL EXERCISED BY THE BOARD OF DIRECTORS OF EASTCASTLE PLACE AT ALL TIMES. ADDITIONALLY, THE ORGANIZATION CONTRACTS WITH LIFE CARE SERVICES TO LEASE EMPLOYEES. ONE SUCH EMPLOYEE IS CONTRACTED OUT AS THE EXECUTIVE DIRECTOR OF EASTCASTLE PLACE. TYLER GUDEX'S REPORTABLE COMPENSATION AS EXECUTIVE DIRECTOR IS $182,623. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS A SINGLE MEMBER, MILWAUKEE PROTESTANT HOME, INC. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS MUST RECEIVE APPROVAL FROM THE MEMBER (MILWAUKEE PROTESTANT HOME, INC.) PRIOR TO TAKING THE FOLLOWING ACTIONS: APPROVAL OF THE ANNUAL OPERATING AND CAPITAL BUDGETS; AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BY-LAWS OF THE CORPORATION; SELL, PURCHASE, CONVEY OR OTHERWISE DISPOSE OF ANY REAL ESTATE HELD BY THE CORPORATION; CHANGE THE MISSION, PURPOSE OR SCOPE OF THE CORPORATION AND ITS OPERATIONS, OR THE LOCATION, SIZE OR SCOPE OF ITS SERVICES, PROGRAMS, OR OPERATIONS; INCURRENCE OF DEBT FOR MONEY BORROWED OR GUARANTEEING OF DEBT OF ANOTHER, EITHER OF WHICH IS BEYOND OR OUTSIDE OF THE APPROVED ANNUAL OPERATING AND/OR CAPITAL BUDGETS AND BEYOND DELEGATED AMOUNTS; ENTRY INTO ANY CONTRACT OR COMMITMENT BEYOND OR OUTSIDE OF THE APPROVED ANNUAL OPERATING AND/OR CAPITAL BUDGETS AND BEYOND DELEGATED AMOUNTS; SELECTION OF CORPORATE OFFICERS; ADOPTION OR MATERIAL MODIFICATION OF ANY EMPLOYEE BENEFIT PLANS; FUNDRAISING CAMPAIGNS; AND ADMINISTRATION AND INVESTMENT OF ENDOWMENT FUNDS OR RESTRICTED GIFTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND THE CHAIRMAN OF THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE 990 IS ALSO PROVIDED TO ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A DOCUMENT DECLARING ANY RELATED PARTIES THEY MAY HAVE. THEY ALSO SIGN THE DOCUMENT ATTESTING TO THE FACT THAT THEY HAVE NO CONFLICT OF INTERESTS (OTHER THAN IF THEY NOTED A RELATED PARTY). IF ANY MEMBER HAS A CONFLICT OF INTEREST IN ANY MEETING REGARDING A VOTE THE BOARD MEMBER REMOVES THEMSELVES FROM THE VOTE. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED AND ANALYZED BY MANAGEMENT COMPANY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN TRUST 760,833. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 630,323. NET ASSETS RELEASED FROM RESTRICTIONS -187,819. MILWAUKEE PROTESTANT HOME INC 2505 E BRADFORD AVENUE MILWAUKEE WI 53211 392023357 INVESTMENT HOLDING COMPANY WI 501(C)(3) LINE 12B, II N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 MILWAUKEE PROTESTANT HOME INC D 4011398 BOOK VALUE