2018-11-29T09:58:07-06:00 2018-03-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2017-04-01 362167832 WESTMINSTER PLACE WEST 8479793904 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 TODD F SWORTZEL CHIEF EXECUTIVE OFFICER 8479793904 2018-11-20 1 CHRIS MANDERFIELD P00095597 6305738600 2018-11-20 67.137.57.251 2018-11-20 12:02:21 CS P 4F402DDF36D721BD6AB3A2CA290BB815499705B6 F5C70261B48DF0DABF14721562C696050A4B2BF8 2017 2019-02-21 02:37:17Z TODD F SWORTZEL 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 73416016 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. 17 17 639 214 0 0 4335108 5524173 47637427 46109616 319447 15702918 16458 45227 52308440 67381934 0 0 0 0 23369234 23328641 0 0 0 26393132 32674157 49762366 56002798 2546074 11379136 102184668 106123779 94930635 95032826 7254033 11090953 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 1 13506998 14092200 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 254 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 318 INDEPENDENT LIVING RESIDENTS. 7684393 7241400 THE ASSISTED LIVING FACILITY AT WESTMINSTER PLACE PROVIDES ASSISTED LIVING FOR OLDER ADULTS WHO NEEDED ASSISTANCE WITH PERSONAL CARE AND DAILY ACTIVITIES. IT CONSISTS 92 STUDIO, ONE AND TWO-BEDROOM APARTMENTS. DURING THE FILLING YEAR, WESTMINSTER PLACE ASSISTED LIVING FACILITY SERVED 127 RESIDENTS. 19246601 24559465 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 532 RESIDENTS. 216551 REVENUE IS RELATED TO LEASE INCOME FROM RELATED ORGANIZATIONS AND OTHER INCOME. 216551 40437992 1 1 0 0 0 0 0 0 0 1 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 61 0 639 1 0 0 0 0 0 0 0 0 0 0 X 17 17 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 CHARLES DENISON DIRECTOR 1.00 2.00 X 0 0 0 GEORGE DROST DIRECTOR 1.00 2.00 X 0 0 0 DONALD C CLARK JR DIRECTOR 1.00 2.00 X 0 0 0 LELAND HUTCHINSON CHAIR 1.00 2.00 X X 0 0 0 DENNIS MARX DIRECTOR 1.00 2.00 X 0 0 0 DENNIS MURPHY DIRECTOR 1.00 2.00 X 0 0 0 ELINOR HITE DIRECTOR 1.00 2.00 X 0 0 0 VINCENT KELLY DIRECTOR 1.00 2.00 X 0 0 0 MARK TOLEDO DIRECTOR 1.00 2.00 X 0 0 0 BETSY NICHOLS DIRECTOR 1.00 2.00 X 0 0 0 JANE WESTERN DIRECTOR 1.00 2.00 X 0 0 0 MONICA HEENAN DIRECTOR 1.00 2.00 X 0 0 0 PAULA NOBLE TREASURER 1.00 2.00 X X 0 0 0 MICHAEL KIRBY SECRETARY 1.00 2.00 X X 0 0 0 MARK DENNIS DIRECTOR 1.00 2.00 X 0 0 0 FRAN CARROLL DIRECTOR 1.00 2.00 X 0 0 0 NEELE STEARNS DIRECTOR 1.00 2.00 X 0 0 0 TODD F SWORTZEL CEO 7.50 30.00 X 0 555197 31370 MARK HAVRILKA CFO 11.00 26.50 X 0 273992 47253 NADIM M ABI-ANTOUN COO 16.00 21.50 X 0 293689 29908 DR PETER L JAGGARD MEDICAL DIRECTOR 37.50 X 213207 0 12176 KEITH STOHLGREN VP/EXEC DIR. WESTMINSTER (UNTIL 6/3/17) 37.50 X 571290 0 19219 ROBERT A WERDAN VP MARKETING & PUBLIC RELATIONS 12.00 25.50 X 0 213951 44365 NANCY TOLAN VP FACILITIES MANAGEMENT 9.00 28.50 X 0 210649 30709 ANDREW T WISSEL VP HUMAN RESOURCES 17.00 20.50 X 0 179745 35909 MICHAEL DEBARI DIRECTOR OF PHARMACY (UNTIL 3/1/17) 37.50 X 189804 0 2151 LINDA L DOTSON DIR. OF H/C UNTIL 12/16/17 37.50 X 161598 0 18667 MARY ANN ANICHINI VP QUALITY IMPROVEMENT 13.00 24.50 X 0 168934 12979 DANIEL M WEINBERGER VP OF INFORMATION TECHNOLO 12.00 25.50 X 0 164976 33088 LINDSEY M AUMICK DIRECTOR OF FINANCE 11.00 26.50 X 0 143869 10339 1135899 2205002 328133 12 0 1 0 MORRISON COMMUNITY LIVING PO BOX 102289 ATLANTA GA 30368 DINING AND FOOD SERVICE 2340395 ILLINOIS CONSTRUCTION SERVICES INC 1733 N 33RD STREET STONE PARK IL 60165 CONSTRUCTION 1492675 ATOMATIC MECHANICAL SERVICES INC 3733 N VENTURA DR ARLINGTON HEIGHTS IL 60004 HVAC MECHANICAL CONTRACTOR 1048895 HEALTHPRO REHABILITATION 307 INTERNATIONAL CIRCLE SUITE 100 HUNT VALLEY MD 21030 THERAPY MANAGEMENT AND CONSULTING SERVIC 1022305 PINNACLE SERVICES INC 1325 INDUSTRIAL DRIVE UNIT D ITASCA IL 60143 ELECTRICAL CONSTRUCTION 703772 22 5524173 5524173 HEALTH CARE FEES 623311 24559465 24559465 INDEPENDENT LIVING FEES 623311 9437233 9437233 ASSISTED LIVING FEES 623311 7241400 7241400 DEFERRED ENTRANCE FEE INCOME 623311 4654967 4654967 OTHER 623311 216551 216551 46109616 302184 302184 46800 0 46800 46800 46800 1148959 20000000 1005122 4743103 143837 15256897 15400734 15400734 284284 285857 -1573 -1573 67381934 46109616 0 15748145 X 742926 236314 506612 16974771 16153397 821374 1416264 651663 764601 2955285 2747897 207388 1239395 1166848 72547 116430 116430 90749 90749 35903 35903 4243522 4029222 214300 498413 498413 187474 61961 125513 384497 384497 1692 955 737 390441 390441 8122396 8122396 360619 101398 259221 EXTRAORDINARY ITEM - DB 7708660 7708660 BUILDING SVCS & UTILITI 3235127 3158098 77029 MANAGEMENT FEE 3121101 3121101 RAW FOOD COSTS 1686902 1686902 2490231 1814070 676161 56002798 40437992 15564806 0 1899823 9123331 2506931 1981586 300803 316108 185136376 106873042 82635611 78263334 13146426 14056426 1695074 2382994 102184668 106123779 5096335 4484989 30068632 31198670 13653206 13069853 46112462 46279314 94930635 95032826 X 7254033 11090953 7254033 11090953 102184668 106123779 X 11379136 464771 -8006987 X X 0 1 X 1 0 X 8843345 9147804 7809514 4335108 5524173 35659944 95930040 101381160 85090478 47637427 46109616 376148721 992157 757251 603525 290360 284284 2927577 105765542 111286215 93503517 52262895 51918073 414736242 8843345 9147804 7809514 4335108 5524173 35659944 0 8843345 9147804 7809514 4335108 5524173 35659944 379076298 1938299 2444044 1644848 371562 348984 6747737 1938299 2444044 1644848 371562 348984 6747737 155307 195448 125000 475755 107859148 113925707 95273365 52634457 52267057 421959734 0.89840 0.90060 0.01600 0.01590 X 5007657 1800 474065 608419 4875103 4983815 221432 197590 5007657 45947529 1273513 42237227 4983815 45923852 261344 237667 45947529 44319155 13650 4281429 2690382 45923852 1.00000 0 1 1 5739301 5739301 158931047 92900607 66030440 20390252 13972435 6417817 75776 75776 78263334 SAFEKEEPING ACCOUNTS 830011 REFUNDABLE ENTRANCE FEES 40711862 REFUNDABLE DEPOSITS 579650 DUE TO AFFILIATE 3777913 OTHER LONG-TERM LIABILITY 379878 46279314 X PART V, LINE 4: THE GENEVA FOUNDATION'S PERMANENTLY RESTRICTED FUNDS ARE PRIMARILY FOR THE FUNDING OF THE CHARITABLE SUPPORT FOR PRESBYTERIAN HOMES AND WESTMINSTER PLACE. GENEVA FOUNDATION'S FELLOWSHIP FUND ENSURES THAT NO RESIDENT WILL BE ASKED TO LEAVE THE COMMUNITY DUE TO INABILITY TO PAY. IT EXTENDS MEDICAL AND SUPPORTIVE SERVICES TO MAINTAIN THE RESIDENTS SECURITY, HEALTH, DIGNITY, AND SELF-ESTEEM. THE PERMANENTLY RESTRICTED FELLOWSHIP FUND IS INTENDED TO PROVIDE FOR THE CARE OF RESIDENTS OF PRESBYTERIAN HOMES AND WESTMINSTER PLACE. ONLY THOSE ENDOWMENT FUNDS WHICH ARE SPECIFICALLY ASSOCIATED WITH WESTMINSTER PLACE ARE SHOWN AS ENDOWMENT FUNDS WITHIN SCHEDULE D, PART V. PART X, LINE 2: WESTMINSTER PLACE IS A NONPROFIT CORPORATION EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). WESTMINSTER PLACE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. WESTMINSTER PLACE FILES INFORMATIONAL RETURNS AS A TAX-EXEMPT ORGANIZATION. THE INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. X 1 1 0 1 0 0 0 0 0 0 0 TODD F SWORTZEL CEO 0 448312 0 20563 0 86322 0 16586 0 14784 0 586567 0 0 MARK HAVRILKA CFO 0 250419 0 12081 0 11492 0 18031 0 29222 0 321245 0 0 NADIM M ABI-ANTOUN COO 0 263396 0 12240 0 18053 0 15123 0 14785 0 323597 0 0 DR PETER L JAGGARD MEDICAL DIRECTOR 202930 0 527 0 9750 0 12176 0 0 0 225383 0 0 0 KEITH STOHLGREN VP/EXEC DIR. WESTMINSTER (UNTIL 6/3/ 112502 0 10000 0 448788 0 8499 0 10720 0 590509 0 0 0 ROBERT A WERDAN VP MARKETING & PUBLIC RELATIONS 0 181501 0 6523 0 25927 0 13094 0 31271 0 258316 0 0 NANCY TOLAN VP FACILITIES MANAGEMENT 0 164744 0 27030 0 18875 0 11847 0 18862 0 241358 0 0 ANDREW T WISSEL VP HUMAN RESOURCES 0 150806 0 21132 0 7807 0 11155 0 24754 0 215654 0 0 MICHAEL DEBARI DIRECTOR OF PHARMACY (UNTIL 3/1/17) 31335 0 0 0 158469 0 1977 0 174 0 191955 0 0 0 LINDA L DOTSON DIR. OF H/C UNTIL 12/16/17 142322 0 17520 0 1756 0 9741 0 8926 0 180265 0 0 0 MARY ANN ANICHINI VP QUALITY IMPROVEMENT 0 149283 0 18430 0 1221 0 11846 0 1133 0 181913 0 0 DANIEL M WEINBERGER VP OF INFORMATION TECHNOLO 0 144568 0 20100 0 308 0 10421 0 22667 0 198064 0 0 LINDSEY M AUMICK DIRECTOR OF FINANCE 0 142642 0 1000 0 227 0 8610 0 1729 0 154208 0 0 PART I, LINE 1A TODD F. SWORTZEL, CEO, RECEIVES A $24,000 TAXABLE HOUSING ALLOWANCE FROM PRESBYTERIAN HOMES (THE SOLE CORPORATE MEMBER OF WESTMINSTER PLACE WHICH IS INCLUDED IN W-2 WAGES. PART I, LINE 4B 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, ROBERT WERDAN, ANDREW WISSEL, MARY ANN ANICHINI, ANDREW CLAUSON, GLEN BRICHACEK, LISA VANDERMARK AND DANNY WEINBERGER. DURING THE YEAR TODD SWORTZEL RECEIVED PAYMENTS TOTALING $60,000 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR NADIM ABI-ANTOUN RECEIVED PAYMENTS TOTALING $7,129 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR NANCY TOLAN RECEIVED PAYMENTS TOTALING $14,997 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR ROBERT WERDAN RECEIVED PAYMENTS TOTALING $17,975 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR KEITH STOHLGREN RECEIVED PAYMENTS TOTALING $153,951 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. PART 1, 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 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 ORGANIZATIIN'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. A ILLINOIS FINANCE AUTHORITY 861091967 45204EBD9 2016-04-27 114484316 TO REFUND THE SERIES 1996A, 2001, 2006 AND 2007 BONDS 0 0 0 A 665627 14230400 14000000 230400 2016 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990, PART III, LINE 3 THE CLOSING OF KING HOME WAS ANNOUNCED IN JANUARY 2017, AND NO MORE ADMISSIONS WERE TAKEN AFTER THE ANNOUNCEMENT. EXISTING RESIDENTS AT THE TIME WERE OFFERED A UNIT AT WESTMINSTER PLACE. AS OF MAY 1, 2017, ALL RESIDENTS HAD TRANSITIONED OUT OF KING HOME. ON SEPTEMBER 28, 2017, THE KING HOME PROPERTY WAS SOLD. KING HOME, OWNED BY WESTMINSTER PLACE, CONSISTED OF 53 ONE AND TWO-BEDROOM APARTMENTS DESIGNED FOR OLDER ADULTS WHO NEEDED ASSISTANCE WITH PERSONAL CARE AND DAILY ACTIVITIES SUCH AS DRESSING, BATHING, AND MEDICATION REMINDERS. KING HOME WAS LICENSED SHELTERED CARE BY THE STATE OF ILLINOIS. FORM 990, PART VI, SECTION A, LINE 1 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. THE ORGANIZATION PAYS A MANAGEMENT FEE OF 6% OF BUDGETED REVENUES PER YEAR. 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, 2018 WERE $3,121,101. 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 ENTILED 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 WESTMINSTER PLACE EMPLOY MULTIPLE PRACTICES TO ENSURE SENIOR STAFF AND MEMBERS OF THE BOARD OF DIRECTORS FOLLOW BEST GOVERNANCE PRACTICES. AN EXTENSIVE CONFLICTS OF INTEREST POLICY WAS ADOPTED IN APRIL 2001, REVISED IN APRIL 2004 AND FURTHER REVISED IN 2011. ALL DIRECTORS AND SENIOR STAFF ARE REQUIRED TO FILE AN ANNUAL STATEMENT RELATED TO CONFLICTS OF INTEREST. IN ACCORDANCE WITH WESTMINSTER PLACE'S ACCREDITATION BY THE COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES-CONTINUING CARE ACCREDITATION COMMISSION (CARF-CCAC), A CODE OF ETHICS WAS ADOPTED IN APRIL 2007 AND ALL DIRECTORS ARE REQUIRED TO FILE AN ANNUAL STATEMENT CONFIRMING THEIR ACCEPTANCE OF THE CODE. FINALLY, WESTMINSTER PLACE ADMINISTERS THE IRS RELATIONSHIP SURVEY TO ALL DIRECTORS AND KEY EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SEE SCHEDULE J, PART III 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, CHIEF EXCECUTIVE OFFICER ASSIGNS 60 PERCENT OF HIS TIME TO WESTMINSTER PLACE AND PRESBYTERIAN HOMES, AND 40 PERCENT OF HIS TIME TO THE GENEVA FOUNDATION. THE CFO ASSIGNS 6.2 PERCENT OF HIS TIME TO THE GENEVA FOUNDATION OF PRESBYTERIAN HOMES. FORM 990, PART IX, LINE 8 AND 24A PRESBYTERIAN HOMES, THE PARENT AND THE SOLE MEMBER OF WESTMINSTER PLACE RECEIVED ALL NECESSARY REGULATORY APPROVALS DURING THE YEAR ENDED MARCH 31, 2018 AND FORMALLY TERMINATED THE DEFINED BENEFIT RETIREMENT PLAN ON MARCH 1, 2018. DUE TO THE PLAN TERMINATION, WESTMINSTER PLACE RECOGNIZED $745,501 NET PERIODIC PENSION EXPENSES FOR THE YEAR ENDED MARCH 31, 2018, AND $7,708,660 LOSS AS NON-OPERATING EXPENSE FOR THE EFFECT OF SETTLEMENT ON PENSION LIABILITY. ALL EXPENSES RELATED TO PENSION TERMINATION HAVE BEEN REPORTED AS G&A EXPENSE ON PART IX STATEMENT OF FUNCTIONAL EXPENSES. FORM 990, PART XI, LINE 9: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 7,067,013. NET ASSETS TRANSFERRED TO AFFILIATE -15,074,000. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE PROCESS FROM THE CURRENT YEAR. ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT REVIEW AND SELECTION OF THE INDEPENDENT ACCOUNTING ENGAGEMENT TEAM. GENEVA FOUNDATION OF PRESBYTERIAN HOMES 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 710945228 SUPPORTING ORGANIZATION IL 501(C)(3) LINE 12A, I PRESBYTERIAN HOMES 0 PRESBYTERIAN HOMES 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 471545753 LIFE PLAN COMMUNITY (F/K/A CONTINUING CARE RETIREMENT COMMUNITY) IL 501(C)(3) LINE 10 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1