2020-03-02T11:56:31-06:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2018-07-01 010729134 CLARE OAKS CLAR 6303721983 827 CARILLON DRIVE BARTLETT IL 60103 GIGI WALKER CHIEF EXECUTIVE OFFICER 6303721983 2020-02-19 1 CHRIS MANDERFIELD P01238973 6305738600 2020-02-17 67.137.57.251 2020-02-19 11:22:00 CS P 2B5AE204D57F1ED4849D776CD36261842D4E5D96 3E4933B7173F7BE67A9D590E7A3CCC1962E8A0DA 2018 2020-09-23 17:36:50Z GIGI WALKER 825 CARILLON DRIVE BARTLETT IL 60103 18923594 0 X WWW.CLAREOAKS.COM X 2002 IL CLARE OAKS IS AN ENDURING SENIOR LIVING COMMUNITY THAT SUPPORTS A FULLER AND FREER LIFE. 8 8 325 65 0 0 0 606 18602969 18843529 33723 79459 0 0 18636692 18923594 0 0 0 0 9484084 9452429 0 0 0 12266636 12270767 21750720 21723196 -3114028 -2799602 32038684 29798900 132287826 132847644 -100249142 -103048744 CLARE OAKS, A LIFE PLAN COMMUNITY, EXISTS TO NOURISH, CELEBRATE AND ENHANCE THE MIND, BODY AND SPIRIT. 0 0 19186817 18843529 CLARE OAKS IS A LIFE PLAN COMMUNITY (LPC) PROVIDING LIVING ARRANGEMENTS AND SERVICES TO PERSONS 62 YEARS OF AGE AND OLDER. CAMPUS WIDE SERVICES INCLUDE DINING, ACTIVITIES, MAINTENANCE, HOUSEKEEPING, WELLNESS PROGRAMS, SUPPORTIVE SERVICES AND 24 HOUR SECURITY. THE INDEPENDENT LIVING AREA (164 RESIDENCES) OFFERS A VARIETY OF PRIVATE LIVING ARRANGEMENTS, A FITNESS CENTER, LIBRARY, MINI MART, COMPUTER ROOM AND TRANSPORTATION. THE ASSISI HEALTH CARE CENTER OFFERS LONG TERM SKILLED CARE AND SHORT TERM REHABILITATION SERVICES. LICENSED STAFF IN THE ASSISTED LIVING (17 SUITES), MEMORY SUPPORT (16 SUITES) AND SKILLED NURSING NEIGHBORHOODS (120 ROOMS) PROVIDE COURTEOUS SERVICE, HOSPITALITY, DIGNITY AND RESPECT TO ALL IN OUR CARE. 19186817 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 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 0 0 0 0 1 54 0 1 325 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X GIGI WALKER 6303721983 825 CARILLON DRIVE BARTLETT IL 60103 MICHAEL D HOVDE JR VP/SECRETARY OF THE BOARD 3.00 X X 0 0 0 KATHY MEISINGER MEMBER OF THE BOARD 3.00 X 0 0 0 MAUREEN TAUS MEMBER OF THE BOARD 3.00 X 0 0 0 PAUL CLEMENS TREASURER OF THE BOARD 3.00 X X 0 0 0 VALERIE SALMONS MEMBER OF THE BOARD 3.00 X 0 0 0 THERESE M MALM PRESIDENT OF THE BOARD 3.00 X X 0 0 0 GERRIANNE HARTMAN MEMBER OF THE BOARD 3.00 X 0 0 0 AARON REINKE MEMBER OF THE BOARD 3.00 X 0 0 0 JEANNENE GIGI WALKER CEO/CFO 40.00 X 221424 0 13418 BETH WELCH CEO, THROUGH JULY 2018 40.00 X 211910 0 6514 TIFFANY BARTON ADMINISTRATOR 40.00 X 107662 0 8085 BESSIE KRAUT DIRECTOR OF NURSING 40.00 X 108763 0 6672 SHANNON MOHAR DIRECTOR OF HUMAN RESOURCES 40.00 X 101429 0 6599 751188 0 41288 5 0 1 0 REHAB CARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 THERAPY SERVICES 1075813 ALLPOINTS INC 909 LUNT AVENUE SCHAUMBURG IL 60193 MECHANICAL CONTRACTOR 878398 POLSINELLI PC 150 N RIVERSIDE PLAZE 3000 CHICAGO IL 60606 LEGAL 776184 OMNICARE INC 201 EAST FOURTH STREET CINCINNATI OH 45202 PHARMACY 485832 PCI FLORTECH INC 901 W NATIONAL AVE ADDISON IL 60101 FLOORING CONTRACTOR 485832 9 606 606 RESIDENT SERVICES 623000 18331877 18331877 ENTRANCE FEE AMORTIZATION 623000 511652 511652 18843529 79459 79459 18923594 18843529 0 79459 440873 385865 55008 7567925 6623676 944249 52578 46018 6560 785866 687814 98052 605187 501199 103988 285210 285210 666188 666188 163904 25978 137926 200321 94551 105770 163918 163918 1042892 1042892 15303 7879 7424 19331 13281 6050 3092600 3092600 1799090 1799090 555405 348082 207323 THERAPY 1218175 1218175 FOOD 720024 720024 EQUIPMENT AND REPAIRS 622598 621288 1310 PHARMACY 537010 537010 1168798 755207 413591 21723196 19186817 2536379 0 2438456 1645524 84435 1759684 1809243 83035 132065 48059 42845 1513931 1876220 38904134 20200550 19019847 18703584 5233916 4334776 1857321 1254643 32038684 29798900 1410458 1761556 85578876 85787348 45298492 45298740 132287826 132847644 X -100249142 -103048744 -100249142 -103048744 32038684 29798900 -2799602 0 X X 0 0 0 X 70353 606 70959 18882576 19281120 19256116 18098197 18331877 93849886 18952929 19281120 19256116 18098197 18332483 93920845 0 0 0 93920845 903 14284 4222 33723 79459 132591 903 14284 4222 33723 79459 132591 540352 490382 448444 504772 511652 2495602 19494184 19785786 19708782 18636692 18923594 96549038 0.97280 0.97440 0.00140 0.00060 X 424478 424478 37795763 20200550 17595213 683893 683893 18703584 DEFERRED REVENUE FROM ENTRANCE FEES 2255740 RESERVATION DEPOSITS 723000 REFUNDABLE ENTRANCE FEES 42320000 45298740 X PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC. THE ORGANIZATION IS CLASSIFIED AS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION UNDER THE IRC AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFIES AS CHARITABLE TAX DEDUCTIONS FOR THE CONTRIBUTOR. THE ENTITY FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE (IRS). X 0 0 0 0 0 0 0 0 0 JEANNENE GIGI WALKER CEO/CFO 188610 0 32814 0 0 0 3308 0 10110 0 234842 0 0 0 BETH WELCH CEO, THROUGH JULY 2018 137748 0 0 0 74162 0 2065 0 4449 0 218424 0 0 0 PART I, LINE 3 ON AN ANNUAL BASIS, THE CEO'S COMPENSATION IS REVIEWED AND ADJUSTMENT DETERMINED BY THE BOARD. SCHEDULE J, PART II OTHER COMPENSATION FOR BETH WELCH CONSISTS OF SEVERANCE PAY STARTING IN AUGUST 2018. A ILLINOIS FINANCE AUTHORITY 861091967 45203HNR9 2012-12-31 5001282 REFINANCE OF SERIES 2006 BONDS 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45203HNK4 2012-12-31 8000000 REFINANCE OF SERIES 2006 BONDS 0 0 0 C ILLINOIS FINANCE AUTHORITY 861091967 45203HNL2 2012-12-31 4000000 REFINANCE OF SERIES 2006 BONDS 0 0 0 D ILLINOIS FINANCE AUTHORITY 861091967 45203HNN8 2012-12-31 39991094 REFINANCE OF SERIES 2006 BONDS 0 0 0 A 5001282 5001282 1 0 1 1 B 2260000 8000000 2147786 100422 5751792 1 0 1 1 C 1125000 4000000 1470098 1579901 950000 1 0 1 1 D 39991094 39991094 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2017 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2017 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2017 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2017 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2017 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2017 A ILLINOIS FINANCE AUTHORITY 861091967 45203HNP3 2012-12-31 25006410 REFINANCE OF SERIES 2006 BONDS 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45203HNQ1 2012-12-31 5001282 REFINANCE OF SERIES 2006 BONDS 0 0 0 A 25006410 25006410 1 0 1 1 B 5001282 5001282 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS SHALL CONSIST OF NOT LESS THAN SEVEN (7) NOR MORE THAN EIGHT (8) MEMBERS, NOT LESS THAN FOUR (4) NOR MORE THAN FIVE (5) OF WHOM SHALL BE DESIGNATED "CLASS A DIRECTORS" (THE "CLASS A DIRECTORS") AND THREE (3) OF WHOM SHALL BE DESIGNATED "CLASS B DIRECTORS" (THE "CLASS B DIRECTORS"). (I) THE CLASS A DIRECTORS SHALL BE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING OF MEMBERS (UNLESS THE RIGHT TO ELECT CLASS A DIRECTORS SHALL HAVE BEEN WAIVED BY THE MEMBERS IN ACCORDANCE WITH THE PROVISIONS OF THESE BYLAWS, IN WHICH EVENT THE CLASS A DIRECTORS SHALL BE ELECTED BY A MAJORITY VOTE OF THE CLASS A DIRECTORS) AND (II) THE CLASS B DIRECTORS SHALL BE ELECTED BY A MAJORITY VOTE OF THE CLASS B DIRECTORS (EXCEPT IN THE EVENT OF THE PRIOR DEATH OR RESIGNATION OF ALL THE CLASS B DIRECTORS, IN WHICH EVENT THE CLASS B DIRECTORS SHALL BE ELECTED BY A MAJORITY VOTE OF THE CLASS A DIRECTORS) AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THOSE PROFESSED MEMBERS OF THE SISTERS OF ST. JOSEPH OF THE THIRD ORDER OF ST. FRANCIS, INC. (THE "CONGREGATION") WHO FROM TIME TO TIME ARE ELECTED AND SERVING AS THE MEMBERS OF THE CENTRAL BOARD OF THE CONGREGATION PURSUANT TO THE CONSTITUTIONS OF THE CONGREGATION. AT ALL TIMES THE PERSONS WHO ARE THE MEMBERS OF THE CORPORATION SHALL BE THE SAME AS THE PERSONS WHO THEN CONSTITUTE THE CENTRAL BOARD OF THE CONGREGATION. FORM 990, PART VI, SECTION A, LINE 7A THE CLASS A DIRECTORS SHALL BE ELECTED BY THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B NONE OF THE FOLLOWING ACTIONS SHALL BE TAKEN BY THE CORPORATION UNLESS APPROVED BY VOTE OR WRITTEN CONSENT OF THE MEMBERS: 1) AMENDMENT OF THE ARTICLES OF INCORPORATION, 2) AMENDMENT OF THE BYLAWS OF THE CORPORATION, 3) A CHANGE IN THE MISSION, PHILOSOPHY, VALUES, OR NAME OF THE CORPORATION, 4) ELECTION AND REMOVAL OF THE CLASS A DIRECTORS OR 5) THE SALE LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION; THE DISSOLUTION, LIQUIDATION, MERGER, CONSOLIDATION OR AFFILIATION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WILL BE DISTRIBUTED TO THE VOLUNTEER BOARD OF DIRECTORS BY THE CHIEF EXECUTIVE OFFICER FOR REVIEW AND COMMENTS. ANY QUESTIONS WILL BE DIRECTED TO THE CHIEF FINANCIAL OFFICER AND WILL BE ADDRESSED WITH THE PREPARER. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE INCLUDES A STATEMENT THAT THE INDIVIDUAL WILL IMMEDIATELY REPORT ANY KNOWN PERSONAL OR BUSINESS RELATIONSHIP THAT EXISTS WITH AN ORGANIZATION/INDIVIDUAL DOING BUSINESS WITH CLARE OAKS, TO THE CHIEF EXECUTIVE OFFICER AND THE PRESIDENT OF THE VOLUNTEER BOARD OF DIRECTORS. ALL CONTRACTS AND AGREEMENTS ARE REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER TO ASCERTAIN IF ANY RELATIONSHIP EXISTS BETWEEN THE CONTRACTOR AND ANY OFFICERS, DIRECTORS, OR KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 CLARE OAKS HAS A PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND OTHER KEY EMPLOYEES THAT INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 18 CLARE OAKS MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION ON ANOTHER'S WEBSITE (I.E. GUIDESTAR) WITH FORM 1023 BEING MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 CLARE OAKS MAKES ITS GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S VOLUNTEER BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.