2025-09-24T11:28:43-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-01-01 362169165 PLYMOUTH PLACE INC PLYM 7083540340 315 N LAGRANGE ROAD LAGRANGE PARK IL 60526 JAMES BIERE CHIEF EXECUTIVE OFFICER 7083540340 2025-09-22 1 0 CHRIS MANDERFIELD P01238973 6305738600 2025-09-22 2024 2025-03-06 01:10:19Z JAMES BIERE 315 N LAGRANGE ROAD LAGRANGE PARK IL 60526 47899289 0 X WWW.PLYMOUTHPLACE.ORG X 1938 IL RETIREMENT COMMUNITY PROVIDING HOUSING, HEALTH CARE AND OTHER RELATED SERVICES. 4 3 575 3 0 0 1496667 3658475 33679107 40793772 2687193 2294952 0 0 37862967 46747199 127287 226173 0 0 16265469 18371083 0 0 0 22167578 27741314 38560334 46338570 -697367 408629 262315557 249442233 310961267 291956906 -48645710 -42514673 PLYMOUTH PLACE IS DEDICATED TO PROVIDING A WELCOMING ENVIRONMENT FOR OLDER ADULTS. WITH A FOCUS ON THE DIGNITY AND WORTH OF EACH INDIVIDUAL, WE HONOR EVERY RESIDENT'S RIGHT TO EXPERIENCE LIFE TO THE FULLEST. 0 0 37376952 226173 41237685 PLYMOUTH PLACE IS A NONPROFIT LIFE PLAN COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS IN LAGRANGE PARK, ILLINOIS PLYMOUTH PLACE CONSISTS OF 182 INDEPENDENT LIVING APARTMENTS (THE LANDING), 59 VILLAS (THE ARBORETUM VILLAS), 52 ASSISTED LIVING, 26 MEMORY SUPPORT UNITS AND 86 SKILLED NURSING UNITS. INCLUDED WITHIN PLYMOUTH PLACE IS A CENTER FOR HEALTHY LIVING WHICH FOCUSES ON FITNESS, AQUATICS AND OTHER ACTIVITIES TAILORED FOR SENIORS. 37376952 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 139 0 575 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X JAMES BIERE 7084826842 315 N LAGRANGE ROAD LAGRANGE PARK IL 60526 ELIZABETH ASPERGER DIRECTOR 1.00 X 0 0 5658 NICHOLAS LYNN BOARD CHAIR 1.00 X X 0 0 0 JOHN BARRETT DIRECTOR 1.00 X 0 0 0 JAMES BIERE CEO 45.00 X X 342540 0 31372 SIAN STEVENS EXECUTIVE DIRECTOR 45.00 X 217047 0 19085 CHERI BOUBLIS SENIOR DIRECTOR OF HOSPITA 45.00 X 185583 0 13271 MARY FREESE SENIOR DIRECTOR OF SUPPORT 45.00 X 199531 0 27742 NITSA FOUNDOS SENIOR DIRECTOR OF SALES 45.00 X 214035 0 985 MICHELLE HART-CARLSON SR. DIRECTOR OF CLINICAL S 45.00 X 186094 0 7924 MARTHA KLIMA-GAMBLE SR. DIRECTOR OF PEOPLE SOLUTIONS 45.00 X 134553 0 19479 1479383 0 125516 17 0 1 0 SILVER AGE HOMES LLC 109 OGDEN AVENUE CLARENDON HILLS IL 60514 APARTMENT REFURBISHMENTS, AND MISCELLANE 1958819 JOINT AND NEURO REHAB ASSOCIATES OF CHIC 10400 W HIGGENS ROAD SUITE 200 ROSEMONT IL 60018 REHAB SERVICES 1834697 PEPPER CONSTRUCTION COMPANY 643 NORTH ORLEANS STREET CHICAGO IL 60654 CONSTRUCTION 1635718 UNITED METHODIST HOMES AND SERVICES 1415 W FOSTER AVENUE CHICAGO IL 60640 NURSE RECRUITMENT 1523507 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60502 PROFESSIONAL SERVICES 937275 24 2729270 929205 3658475 SENIOR HOUSING 623000 40793772 40793772 40793772 1851039 1851039 1596003 1152090 443913 443913 443913 46747199 41237685 0 1851039 226173 226173 559586 445999 113587 14361953 11446717 2915236 2329775 1908104 421671 1119769 917099 202670 518047 403002 115045 248236 248236 232957 232957 462730 462730 518140 53524 464616 2135952 1642547 493405 5354495 4283595 1070900 7753353 7258004 495349 721967 575313 146654 DIETARY AND DINING 2436536 2436536 NURSING AGENCY 2390049 2381811 8238 NURSING - THERAPY 1821727 1821727 MEDICAL SUPPLIES AND PH 1054731 1054731 2092394 522070 1570324 46338570 37376952 8961618 0 9302361 11095136 2132284 6497752 580816 595681 243907105 64270454 177308798 179636651 58336743 36528930 14654555 15088083 262315557 249442233 9900167 4574687 14974984 19985036 177903636 148382561 108182480 119014622 310961267 291956906 X -56533812 -50941084 7888102 8426411 -48645710 -42514673 262315557 249442233 X 408629 1687627 4034781 X X 0 1 X 1 0 X 3869506 840829 647017 1496667 929205 7783224 29861722 30405120 32069992 33679107 40793772 166809713 33731228 31245949 32717009 35175774 41722977 174592937 0 0 0 174592937 5066828 920466 1555870 3618245 1851039 13012448 5066828 920466 1555870 3618245 1851039 13012448 38798056 32166415 34272879 38794019 43574016 187605385 0.93060 0.93050 0.06940 0.06950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85418 85418 227688178 61074011 166614167 13034267 2917936 10116331 3099242 278507 2820735 179636651 DEFERRED MARKETING COSTS 329813 BENEFICIAL INTEREST IN PERPETUAL TRUST 8049287 DUE FROM AFFILIATES 304500 FAIR VALUE OF INTEREST RATE SWAP 5658479 OTHER LONG-TERM ASSETS 375862 457(B) PLAN PARTICIPANT ASSETS 370142 15088083 REFUNDABLE ENTRANCE FEES 117678149 RESIDENT DEPOSITS 942836 457 (B) PLAN PARTICIPANT LIABILITY 370142 FUTURE SERVICE OBLIGATION 23495 119014622 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR INCOME TAXES IN EVALUATING UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES INFORMATIONAL RETURNS AS A TAX-EXEMPT ORGANIZATION. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. 1 EMPLOYEE SCHOLARSHIPS 14 101088 PART I, LINE 2: THE ORGANIZATION PROVIDES SCHOLARSHIPS TO CURRENT EMPLOYEES IN ORDER TO ALLOW THEM TO ENHANCE AND ADVANCE THEIR PROFESSIONAL CAREERS. ALL SCHOLARSHIPS ARE EITHER PAID TO CURRENT EMPLOYEES ON A REIMBURSEMENT BASIS, AFTER PROVIDING APPROPRIATE SUPPORTING DOCUMENTATION, OR PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION. X X 0 1 0 0 0 0 0 0 0 JAMES BIERE CEO 310508 0 32032 0 0 0 10350 0 21022 0 373912 0 0 0 SIAN STEVENS EXECUTIVE DIRECTOR 212047 0 5000 0 0 0 6848 0 12237 0 236132 0 0 0 MARY FREESE SENIOR DIRECTOR OF SUPPORT 193031 0 6500 0 0 0 6358 0 21384 0 227273 0 0 0 NITSA FOUNDOS SENIOR DIRECTOR OF SALES 130035 0 84000 0 0 0 0 0 985 0 215020 0 0 0 CHERI BOUBLIS SENIOR DIRECTOR OF HOSPITA 179083 0 6500 0 0 0 5705 0 7566 0 198854 0 0 0 MICHELLE HART-CARLSON SR. DIRECTOR OF CLINICAL S 181094 0 5000 0 0 0 5 0 7919 0 194018 0 0 0 MARTHA KLIMA-GAMBLE SR. DIRECTOR OF PEOPLE SOLUTIONS 129553 0 5000 0 0 0 4515 0 14964 0 154032 0 0 0 PART I, LINE 4B PLYMOUTH PLACE SPONSORS A 457(B) PLAN WITH ELIGIBLE EMPLOYEES LIMITED TO A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. UNDER THE TERMS OF THIS PLAN, EMPLOYEES MAY CONTRIBUTE A PORTION OF THEIR SALARY ON A PRE-TAX BASIS, UP TO THE ANNUAL LIMITS ESTABLISHED BY THE INTERNAL REVENUE SERVICE. THE PLAN ALLOWS FOR DISCRETIONARY EMPLOYER MATCHING CONTRIBUTIONS EQUAL TO A UNIFORM PERCENTAGE OR DOLLAR AMOUNT. THE FOLLOWING EMPLOYEES PARTICIPATED IN THE 457(B) PLAN: JAY BIERE: $10,350 MARY FREESE: $6,358 CHERI BOUBLIS: $5,705 NITSA FOUNDOS: $0 MICHELLE HART-CARLSON: $5,658 SIAN STEVENS: $6,848 MARTHA KLIMA-GAMBLE: $4,515 A ILLINOIS FINANCE AUTHORITY 861091967 45204FHV0 2021-04-22 26928001 REFINANCING OF SERIES 2013 BONDS 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45204FSQ9 2022-11-09 100040950 CONSTRUCTION OF 59 VILLAS AND CENTER FOR HEALTHY LIVING 0 0 0 A 26928001 1750500 527700 24649801 2021 1 0 1 1 B 100040950 6784900 8501543 2000818 80288740 2464949 2024 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 6 PLYMOUTH PLACE, INC. HAS ONE CORPORATE MEMBER, WHICH IS PLYMOUTH PLACE HOLDINGS, INC., AN ILLINOIS NOT-FOR-PROFIT CORPROATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD SHALL BE APPOINTED BY THE SOLE CORPORATE MEMBER, PLYMOUTH PLACE HOLDINGS, INC. FOR A ONE-YEAR TERM OF OFFICE BY A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOLE CORPORATE MEMBER OR A UNANIMOUS WRITTEN CONSENT SIGNED BY ALL OF THE MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS SHALL REQUIRE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SOLE CORPORATE MEMBER, PLYMOUTH PLACE HOLDINGS, INC., THROUGH A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOLE CORPORATE MEMBER OR A UNANIMOUS WRITTEN CONSENT SIGNED BY ALL OF THE MEMBERS OF THE BOARD OF DIRECTORS OF THE SOLE CORPORATE MEMBER: 1. ADOPT AND AMEND STATEMENTS OF MISSION, PHILOSOPHY OR PURPOSE; 2. ADOPT, AMEND AND REPEAL THE ARTICLES OF INCORPORATION, THE BYLAWS AND ANY PLAN OF MERGER, CONSOLIDATION OR DISSOLUTION; 3. THE ANNUAL BUDGET OF PLYMOUTH PLACE; 4. ANY SALE, LEASE OR MORTGAGE OF PLYMOUTH PLACE'S REAL PROPERTY, EXCEPT AS SUCH ACTIONS RELATE TO REAL PROPERTY TRANSFERRED FROM RESIDENTS OR DONORS, INCLUDING WITHOUT LIMITATION, RESIDENTIAL REAL ESTATE; 5. ANY SALE, LEASE OR MORTGAGE OF SUBSTANTIALLY ALL OF PLYMOUTH PLACE'S PERSONAL PROPERTY; 6. ANY FORMAL AFFILIATION WITH ANOTHER ENTITY; 7. ANY BORROWING OF MONEY; 8. ANY MAJOR CHANGE IN PROGRAMS AND SERVICES, INCLUDING ANY CREATION OF MAJOR NEW PROGRAMS OR THE DISCONTINUATION OF MAJOR EXISTING PROGRAMS; OR 9. THE ACCEPTANCE OF ANY CHARITABLE CONTRIBUTION WHICH IMPOSES A MATERIAL OBLIGATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS PROVIDED DIRECTLY TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS REVIEW AND UPDATE THEIR ANNUAL DISCLOSURE OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD ANNUALLY RECEIVES AND REVIEWS THE COMPENSATION SURVEYS OF AAHSA & LEADINGAGE ILLINOIS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE FACILITY OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SWAP -277,818. CHANGE IN VALUE OF PERPETUAL TRUST 634,870. LOSS ON DISPOSAL OF ASSETS -353,449. CHANGE IN FUTURE SERVICE OBLIGATION 4,031,178. FORM 990, PART XII, LINE 2C PLYMOUTH PLACE, INC.'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS CHARGED WITH ALL DUTIES AND RESPONSIBILITIES OF THE BOARD AND IS AUTHORIZED AND EMPOWERED TO ACT ON BEHALF OF THE BOARD, BETWEEN ITS REGULAR OR SPECIAL MEETINGS, EXCEPT FOR BUYING, SELLING, MORTGAGING, ENCUMBERING, LEASING, COVEYING, AND TRASFERRING OF REAL ESTATE THAT IS OWNED OR OPERATED BY PLYMOUTH PLACE. THE CHAIR, OR VICE-CHAIR, SHALL REPORT ALL EXECUTIVE COMMITTEE ACTIONS TAKEN ON BEHALF OF THE BOARD, PROMPTLY AND IN FULL, AT THE NEXT REGULARLY, SCHEDULED BOARD OF DIRECTORS MEETING. THE CHAIR SHALL HAVE THE AUTHORITY TO CALL A SPECIAL MEETING OF THE BOARD IF, IN THE CHAIR'S OPINION, EXECUTIVE COMMITTEE ACTIONS WARANT AN IMMEDIATE REPORT TO THE FULL BOARD. PLYMOUTH PLACE HOLDINGS INC 315 N LAGRANGE ROAD LAGRANGE PARK IL 60523 854041493 PROVIDE STRATEGIC DIRECTION AND OVERSIGHT TO PLYMOUTH PLACE, INC. IL 501(C)(3) LINE 12C, III-FI N/A 0 PLYMOUTH PLACE MANAGEMENT SERVICES INC 315 N LAGRANGE ROAD LAGRANGE PARK IL 60526 833496599 OWNER OF PROGRAM RELATED INVESTMENTS DE PLYMOUTH PLACE INC C -90257 438403 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PLYMOUTH PLACE MANAGEMENT SERVIECS D 304500 CASH TRANSFERRED