2025-11-17T15:45:32-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 475 REGENCY PARK SUITE 175 OFALLON IL 62269 990 2024-01-01 371017284 CLARK-LINDSEY VILLAGE INC CLAR 2173442144 101 WEST WINDSOR ROAD URBANA IL 61802 CRYSTAL BAILEY CFO 2173442144 2025-11-14 1 1 ERIKA MARTINEZ P02297196 6182331200 2025-11-14 2024 2025-03-06 01:10:19Z DEBRA S REARDANZ 101 WEST WINDSOR ROAD URBANA IL 61802 22853917 0 X WWW.CLARK-LINDSEY.COM X 1970 IL TO PROVIDE HOUSING AND HEALTHCARE FACILITIES/SERVICES FOR ELDERLY PERSONS 11 11 216 166 0 0 1170507 5739 19357759 21747136 281629 850669 166886 242345 20976781 22845889 10480 0 0 0 10691794 11659862 0 0 0 6500220 6879176 17202494 18539038 3774287 4306851 14195155 23196461 29190377 34084832 -14995222 -10888371 X TO PROVIDE HOUSING AND HEALTHCARE FACILITIES/SERVICES FOR ELDERLY PERSONS ON A NON-PROFIT BASIS, WITHOUT REGARD TO RACE, RELIGION, SEX, CREED OR NATIONAL ORIGIN. 0 0 13132804 0 21754936 ALL OF CLARK-LINDSEYS BUILDINGS ARE LOCATED ON A SINGLE SITE COMPRISED OF 27 ACRES ADJACENT TO MEADOWBROOK PARK AND THE UNIVERSITY OF ILLINOIS. INDEPENDENT LIVING OPTIONS FOR PEOPLE AGE 62 AND OVER INCLUDE 131 APARTMENTS AND 24 VILLA UNITS. RESIDENTS CAN PURCHASE A LIFE PLAN RESIDENCY CONTRACT, WHICH GUARANTEES THEM RESIDENCY IN THE APARTMENTS OR VILLAS AND ACCESS TO THE HEALTH CENTER FOR LIFE. PROFESSIONAL NURSING STAFF IS ON DUTY 24 HOURS A DAY. SKILLED CARE CONSISTS OF 49 LICENSED BEDS. 24 OF THE 49 SKILLED NURSING BEDS WERE PROVIDED FOR IN A GREEN HOUSE, A SMALL HOME-LIKE SETTING WITH PROFESSIONAL NURSING STAFF ON DUTY 24 HOURS A DAY. THE MEADOWBROOK HEALTH CENTER HOUSED THE REMAINING 25 SKILLED NURSING BEDS, 14 ARE WHICH ARE MEDICARE CERTIFIED. IN MARCH 2024, A NEW 64-UNIT ASSISTED LIVING AND MEMORY CARE BUILDING OPENED WITH 38 UNITS AND 26 UNITS, RESPECTIVELY. PROFESSIONAL NURSING STAFF IS ON DUTY 24 HOURS A DAY. IN ADDITION TO RESIDENCY AND IN-PATIENT SERVICES, CLARK-LINDSEY PROVIDES OUTPATIENT THERAPY INCLUDING PHYSICAL, OCCUPATIONAL AND SPEECH. 31700 0 0 THE MISSION OF CLARK-LINDSEY IS TO OFFER SENIOR ADULTS EXCEPTIONAL SERVICES AND LIVING ENVIRONMENTS DESIGNED TO ENGAGE THE MIND, SPIRIT, AND BODY IN WELLNESS AND COMMUNITY. THE MISSION IS FURTHERED AND SUSTAINED THROUGH YEARS OF CHARITABLE GIVING. GENEROUS DONORS HAVE PROVIDED FOR A FRIENDSHIP FUND TO ASSIST COMMUNITY MEMBERS WHO NO LONGER HAVE THE FINANCIAL RESOURCES TO PROVIDE FOR THEIR HOME AND HEALTH CARE COSTS. CLARK-LINDSEY PROVIDES CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS FRIENDSHIP FUND POLICY WITHOUT CHARGE OR AT REDUCED RATES. KEY ELEMENTS USED TO DETERMINE ELIGIBILITY INCLUDE A RESIDENTS DEMONSTRATED INABILITY TO PAY. CLARK-LINDSEY MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS FRIENDSHIP FUND POLICY, THE ESTIMATED COST OF THOSE SERVICES AND SUPPLIES, AND EQUIVALENT SERVICE STATISTICS. 13164504 1 1 0 0 0 0 0 0 1 0 0 0 0 1 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 53 0 216 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X CRYSTAL BAILEY 2173442144 101 WEST WINDSOR ROAD URBANA IL 61802 DAVE LINE BOARD MEMBER 2.00 2.00 X 0 0 0 WENDY BARTLO SECRETARY/ASST. TREASURER 2.00 5.00 X X 0 0 0 DENNIS BEARD BOARD CHAIR 2.00 5.00 X X 0 0 0 AMIN KASSEM BOARD MEMBER 2.00 2.00 X 0 0 0 CINDY GUTHRIE BOARD MEMBER 2.00 2.00 X 0 0 0 JILL GUTH BOARD VICE CHAIR 2.00 5.00 X X 0 0 0 JANE HAYS TREASURER/ASST. SECRETARY 2.00 5.00 X X 0 0 0 SAM BANKS BOARD MEMBER 2.00 2.00 X 0 0 0 ROBIN KALER BOARD MEMBER 2.00 2.00 X 0 0 0 KANDANCE TURNER BOARD MEMBER 2.00 2.00 X 0 0 0 BECCA GUYETTE BOARD MEMBER 2.00 2.00 X 0 0 0 DEBRA S REARDANZ PRESIDENT / CEO 1.00 43.00 X 0 315572 16581 CRYSTAL BAILEY CFO & VP OF FINANCE 1.00 43.00 X 0 181395 13524 RIKKI BRADY VP OF HEALTH SERVICES 40.00 0.00 X 151955 0 11281 ANNA MOYER COO/VP OF PEOPLE AND CULTURE 20.00 20.00 X 82145 76069 320 KARLA FISHER DIRECTOR OF ACCOUNTING 40.00 0.00 X 119559 0 11492 VERONICA TALAVERA REGISTERED NURSE 40.00 0.00 X 101904 0 3027 RON WILCOX VP OF MISSION ADVANCEMENT 40.00 0.00 X 111807 0 9058 SABRINA AKERS DIRECTOR OF NURSING 40.00 0.00 X 103911 0 11790 LAURA EDWARDS VP OF STRATEGY AND INNOVATION 20.00 20.00 X 0 141951 4495 671281 714987 81568 5 0 1 0 HEALTHPRO HERITAGE LLC PO BOX 69268 BALTIMORE MD 212649268 THERAPY CONTRACT SCVS 900962 UNIDINE PO BOX 102289 ATLANTA GA 30368 DINING SCVS MGMT 611339 PARASOL ALLIANCE 557 FOREST VIEW ROAD LINDENHURST IL 60046 IT SUPPORT 207037 COLONY SQUARE CLEANERS 701 DEVONSHIRE DR CHAMPAIGN IL 61820 LINEN CLEANING 119388 VARSITY MARKETING LLC 532 NORTH FRONT ST STE 200 WORMLEYSBURG PA 17043 ADVERTISING SERVICES 111628 5 5739 5739 RESIDENT SERVICES 623000 18842932 18842932 AMORTIZATION OF DEFERRED REVENUE 623000 2904204 2904204 21747136 171267 171267 679402 679402 7800 0 7800 7800 7800 8739 8028 711 711 HAIR SALON SERVICES 900099 68622 68622 GARAGE FEES 900099 54076 54076 GUEST SUITE 900099 36375 36375 74761 74761 233834 22845889 21754936 0 1085214 245700 174229 71471 9628009 6827331 2800678 114112 80918 33194 982063 769198 212865 689978 489271 200707 78828 78828 83117 83117 96729 96729 1325561 1056638 268923 22859 22859 595549 413464 182085 660405 660405 1009398 915099 94299 55206 46030 9176 128270 128270 29644 26875 2769 393659 356883 36776 DIETARY 1314378 1314378 REPAIRS 416308 71419 344889 ADMINISTRATION 155632 155632 LICENSES & TAXES 124210 117360 6850 389423 377141 12282 18539038 13164504 5374534 0 937403 1557775 5649964 7423559 1812733 1943855 24800 24800 214254 141112 5556001 12105360 14195155 23196461 1642000 2445565 14366159 16560154 25255 50825 13156963 15028288 29190377 34084832 X -14995222 -10888371 -14995222 -10888371 14195155 23196461 X 4306851 -200000 X X 0 1 X 1 0 X 2739294 533048 10244 1170507 5739 4458832 18675942 19916278 20294205 19357759 21747136 99991320 46618 134144 127593 191751 500106 21461854 20449326 20438593 20655859 21944626 104950258 97346 169048 266394 0 97346 169048 266394 104683864 396308 392780 23712 284029 858469 1955298 396308 392780 23712 284029 858469 1955298 125671 129029 38443 47392 50822 391357 21983833 20971135 20500748 20987280 22853917 107296913 0.97560 0.97850 0.01820 0.01440 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2022 AMOUNT: $ 13,782. 2023 AMOUNT: $ 17,410. 2024 AMOUNT: $ 50,822. MEAL REVENUE - 2020 AMOUNT: $ 10,892. 2021 AMOUNT: $ 14,444. SALON SERVICES - 2020 AMOUNT: $ 54,341. 2021 AMOUNT: $ 64,521. GARAGE FEES - 2020 AMOUNT: $ 34,261. 2021 AMOUNT: $ 35,203. LAUNDRY INCOME - 2020 AMOUNT: $ 12,942. 2021 AMOUNT: $ 9,990. PERSONAL SERVICE ATTENDANT - 2020 AMOUNT: $ 700. 2021 AMOUNT: $ 3,911. GUEST SUITE INCOME - 2020 AMOUNT: $ 12,535. 2021 AMOUNT: $ 960. INSURANCE PROCEEDS - 2022 AMOUNT: $ 24,661. INSURANCE CAPTIVE DIVIDEND - 2023 AMOUNT: $ 29,982. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 0 0 3106297 3516 301722 32473 11277 3367785 2832107 56825 243830 16030 10435 3106297 0.00000 0.00000 0.00000 0 DUE FROM RELATED PARTY 11999548 CONSTRUCTION IN PROCESS 1914 RIGHT OF USE ASSET 103898 12105360 DUE TO RELATED PARTY 5608 PROSPECTIVE RESIDENT FEE DEPOSITS 2846225 REFUNDABLE ENTRANCE FEES 12070979 LEASE LIABILITY 105476 15028288 X PART IV, LINE 2B: THE RECORDS OF THE RESIDENT COUNCIL FUND ARE MAINTAINED BY CLARK-LINDSEY, BUT THE MONEY IS NOT CLARK-LINDSEY'S TO SPEND. IN ADDITION, MONEY IS MAINTAINED FOR HEALTH CENTER RESIDENTS IN A SEPARATE ACCOUNT, BUT THE MONEY IS NOT CLARK-LINDSEY'S TO SPEND. THESE FUNDS ARE INCLUDED IN CASH AND IN A LIABILITY CAPTIONED "FUNDS HELD FOR OTHERS". PART V, LINE 4: THE ARMSEY BEAUTIFICATION FUND IS A TERM ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT FOR CLARK-LINDSEY RESIDENT GROUNDS AND GARDENS. THE THOMPSON LIBRARY FUND IS A TERM ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT OF THE CLARK-LINDSEY RESIDENT LIBRARY. THE WEBBER EDUCATIONAL FUND IS A PERMANENT ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT OF CONTINUING EDUCATION FOR HEALTH CENTER STAFF. THE STEWART LIBRARY FUND IS A PERMANENT ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT OF THE CLARK-LINDSEY RESIDENT LIBRARY. THE KAULFERS FUND IS A BOARD DESIGNATED, QUASI ENDOWMENT USED TO PROVIDE FINANCIAL SUPPORT FOR QUALITY OF LIFE IMPROVEMENTS INCLUDING PROGRAMS AND FACILITIES ESPECIALLY DEVELOPED FOR SENIOR CITIZENS. AS OF 12/31/2022, THESE FUNDS ARE NOW HELD BY A RELATED ENTITY, CLARK-LINDSEY HOLDINGS (FEIN 86-1996154). THE 2022 THROUGH 2024 ACTIVITY FOR THE ENDOWMENT FUNDS IS REPORTED ON THE SCHEDULE D OF CLARK-LINDSEY HOLDINGS' FORM 990. PART X, LINE 2: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE CONSOLIDATED FINANCIAL STATEMENTS 0 1 0 0 0 0 0 0 0 DEBRA S REARDANZ PRESIDENT / CEO 0 254351 0 55245 0 5976 0 10537 0 6044 0 332153 0 0 CRYSTAL BAILEY CFO & VP OF FINANCE 0 162170 0 19175 0 50 0 6120 0 7404 0 194919 0 0 RIKKI BRADY VP OF HEALTH SERVICES 133655 0 18300 0 0 0 4672 0 6609 0 163236 0 0 0 ANNA MOYER COO/VP OF PEOPLE AND CULTURE 67405 76069 14740 0 0 0 0 0 320 0 82465 76069 0 0 PART I, LINE 3 A RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE CEO: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B ON JANUARY 1, 2017, CLARK-LINDSEY ENTERED INTO A SUPPLEMENTAL COMPENSATION AGREEMENT COVERING DEBRA S. REARDANZ WHICH PROVIDES FOR THE OFFICER TO RECEIVE, UPON TERMINATION OF EMPLOYMENT, PAYMENT IN CASH, IN FULL, WITHIN 90 DAYS. THE BENEFIT TO WHICH THE OFFICER IS ENTITLED TO RECEIVE BECOMES FULLY VESTED ON THE 10TH FULL CALENDAR YEAR AFTER THE GRANT DATE. IF DEATH OR DISABILITY OCCURS DURING THE PERIOD COVERED BY THE AGREEMENT, THE BALANCE OF THE ACCOUNT BECOMES 100% VESTED WITH THE BENEFIT PAYMENTS MADE TO THE BENEFICIARY. CLARK-LINDSEY'S FUNDING OF THIS BENEFIT IS BEING RECOGNIZED AS COMPENSATION COST ON AN ANNUAL BASIS AND INTENDS TO USE CASH FROM OPERATIONS TO FUND THIS OBLIGATION. AT DECEMBER 31, 2024 AND 2023, CLARK-LINDSEY HAS RECORDED A DESIGNATED INVESTMENT BALANCE AND A DEFERRED COMPENSATION LIABILITY OF APPROXIMATELY $108,000 AND $92,000. PART I, LINE 7 BONUSES ARE PROVIDED BASED UPON THE ORGANIZATION'S FINANCIAL OUTCOME. A ILLINOIS FINANCE AUTHORITY 861091967 45204FQP3 2022-06-22 53276123 SEE PART VI 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45204FVB8 2023-07-27 45000000 SEE PART VI 0 0 0 A 410000 53622920 2601361 1339820 979424 31319660 17462632 352275 2024 1 1 0 1 B 45630024 2233478 1167241 639877 11583187 30006240 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 1 BANK OF MONTREAL 5.000000000000 0 0 1 NATIXIS FUNDING CORP 4.500000000000 1 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 PART I, LINE A, COLUMN (F) THE SERIES 2022A AND SERIES 2022B BONDS WERE ISSUED IN ORDER TO (1) REFUND THE $1,895,997.87 OUTSTANDING PRINCIPAL AMOUNT OF THE $5,000,000 ORIGINAL PRINCIPAL AMOUNT CAPITAL IMPROVEMENT REVENUE BONDS (CLARK-LINDSEY VILLAGE, INC. PROJECT) SERIES 2004 ISSUED BY THE CITY OF URBANA, ILLINOIS, (2) REFUND THE $8,726,521.47 OUTSTANDING PRINCIPAL AMOUNT OF THE $10,000,000 ORIGINAL PRINCIPAL AMOUNT REVENUE BOND (CLARK-LINDSEY VILLAGE PROJECT), SERIES 2015, (3) REFUND THE $6,118,196.45 OUTSTANDING PRINCIPAL AMOUNT OF THE TAXABLE $9,000,000 ORIGINAL PRINCIPAL AMOUNT BUSINESS LOAN AGREEMENT, ENTERED INTO BETWEEN CLARK-LINDSEY HOLDINGS, INC. AND BUSEY BANK ON SEPTEMBER 9, 2021, AND (4) TO FINANCE A PORTION OF THE PHASE II PROJECT WHICH INCLUDES CONSTRUCTION OF A THREE-FLOOR SENIOR LIVING BUILDING WITH 38 ASSISTED LIVING UNITS AND 26 MEMORY CARE UNITS, AN UNDERGROUND PARKING FACILITY, AND RENOVATIONS AND IMPROVEMENTS TO OTHER SENIOR LIVING FACILITIES. PART I, LINE B, COLUMN (F) THE SERIES 2023A, SERIES 2023B AND SERIES 2023C WERE ISSUED IN ORDER TO FINANCE A PORTION OF THE PHASE III PROJECT WHICH INCLUDES A 45-UNIT INDEPENDENT LIVING APARTMENT BUILDING, STRUCTURED PARKING FACILITY, DEMOLITION OF THE NORTH WING 100 OF LEGACY SKILLED NURSING FACILITY, RENOVATION OF SOUTH WING 100 OF LEGACY SKILLED NURSING FACILITY, NEW BISTRO DINING VENUE, RELOCATION/RENOVATION OF THERAPY AND FITNESS ROOMS, AND VARIOUS OTHER RENOVATIONS OF COMMON AREAS. PART II, COLUMN A AND B, LINE 3 THE DIFFERENCE BETWEEN TOTAL PROCEEDS OF THE ISSUE AND ISSUE PRICE IS THE INVESTMENT EARNINGS EARNED ON BOND PROCEEDS AS OF 12/31/2024. PART II, COLUMN A, LINE 12 THE AMOUNT OF UNSPENT PROCEEDS IS COMPRISED OF THE MASTER DEBT SERVICE RESERVE FUND EARNINGS IN THE AMOUNTS $140,801.57 AND $135,907.40 THAT WERE DEPOSITED INTO THE 2022A DEBT SERVICE FUND ON 1/12/2024 AND 12/31/2024 RESPECTIVELY. THESE AMOUNTS REMAIN ON DEPOSIT IN THE 2022A DEBT SERVICE FUND AS OF 12/31/2024 PER THE TRUST STATEMENTS. $75,565.96 OF 2022A PROCEEDS REMAIN ON DEPOSIT IN THE FUNDED INTEREST FUND AS OF 12/31/2024. PART II COLUMN B LINE 12 THE SERIES 2023A, SERIES 2023B AND SERIES 2023C (COLLECTIVELY, THE "BONDS") WERE ISSUED AS DRAW-DOWN BONDS. THIS AMOUNT OF SUNSPENT PROCEEDS IS COMPRISED OF THE AUTHORIZED BONDS NOT DRAWN AS OF 12/31/2024 IN THE AMOUNT OF $12,305,000 AND UNSPENT BOND PROCEEDS ON DEPOSIT IN THE FOLLOWING FUNDS AS OF 12/31/2024: $15,464,806.46 IN THE PROJECT; $2,223,924.36 IN THE FUNDED INTEREST; AND $12,509.60 IN THE COSTS OF ISSUANCE FUND. PART IV, COLUMN A, LINE 5C THE TERM OF THE MASTER RESERVE FUND GIC IS 4.5 YEARS AND THE TERM OF THE SERIES 2022A FUNDED INTEREST FUND GIC IS 1.5 YEARS FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED MANAGEMENT DUTIES TO LINDSEY MANAGEMENT SERVICES, A RELATED 501(C)(3) ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S SOLE MEMBER IS LINDSEY COMMUNITIES, INC., AN ILLINOIS NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXATION PURSUANT TO SECTION 501 (C)(3) OF THE CODE. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HOLDS THE FOLLOWING EXCLUSIVE POWERS RELATED TO THE ORGANIZATION'S BOARD OF DIRECTORS: APPOINT THE ORGANIZATION'S BOARD AND REMOVE ANY DIRECTOR OR DIRECTORS, WITH OR WITHOUT CAUSE; FILL ANY DIRECTOR VACANCIES ON THE BOARD; DETERMINE AND AMEND THE NUMBER OF DIRECTORS TO SERVE ON THE BOARD; ELECT, RE-ELECT, APPOINT AND REMOVE ALL OFFICERS OF THE CORPORATION AND/OR APPROVE THE ELECTION, RE-ELECTION, APPOINTMENT AND REMOVAL OF ALL OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER GENERALLY OVERSEES THE AFFIARS OF THE ORGANIZATION AND ENSURES THAT ALL ACTIONS OF THE ORGANIZATION ARE CONSISTENT WITH ITS EXEMPT PURPOSES. THE SOLE MEMBER HOLDS THE FOLLOWING EXCLUSIVE POWERS: ADOPT OR AMEND THE ARTICLES OF INCORPORATION AND BYLAWS OF THE ORGANIZATION; ADOPT OR AMEND THE MISSION, PURPOSE, PHILOSOPHY OR OBJECTIVES OF THE ORGANIZATION; APPOINT THE ORGANIZATION'S BOARD AND REMOVE ANY DIRECTOR OR DIRECTORS, WITH OR WITHOUT CAUSE; FILL ANY DIRECTOR VACANCIES ON THE BOARD; DETERMINE AND AMEND THE NUMBER OF DIRECTORS TO SERVE ON THE BOARD; ELECT, RE-ELECT, APPOINT AND REMOVE ALL OFFICERS OF THE ORGANIZATION AND/OR APPROVE THE ELECTION, RE-ELECTION, APPOINTMENT AND REMOVAL OF ALL OFFICERS OF THE ORGANIZATION; APPOINT, REVIEW AND REMOVE, WITH OR WITHOUT CAUSE, THE CHIEF EXECUTIVE OFFICER; APPOINT, REVIEW AND REMOVE, WITH OR WITHOUT CAUSE, THE MANAGEMENT COMPANY; PAY PENSIONS AND ESTABLISH AND CARRY OUT PENSION, RETIREMENT, BENEFIT, INCENTIVE AND COMPENSATION PLANS, TRUSTS AND PROVISIONS FOR ANY OR ALL OF ITS EMPLOYEES; ESTABLISH A CORPORATE SPENDING LIMIT; REJECT ANY BUDGET APPROVED BY THE ORGANIZATION; APPROVE THE INCURRENT OF DEBT OR CAPITAL EXPENDITURE BY THE ORGANIZATION IN EXCESS OF $100,000 WHETHER IN A SINGLE TRANSACTION OR A SERIES OF RELATED TRANSACTIONS, IF SUCH DEBT OR CAPITAL EXPENDITURE IS NOT INCLUDED IN THE ORGANIZATION'S APPROVED BUDGETS; INITIATE AND APPROVE INVESTMENT POLICIES AND STRATEGIC PLANS OF THE ORGANIZATION; AUTHORIZE OR ADOPT A PLAN OF MERGER, CONSOLIDATION, CORPORATE REORGANIZATION, OR THE CREATION OR DISSOLUTION OF A NEW SUBSIDIARY OR AFFILIATE; AUTHORIZE DISSOLUTION, DIVISION OR LIQUIDATION OF THE ORGANIZATION; AUTHORIZE THE LEASE, SALE, EXCHANGE, TRANSFER OR OTHER DISPOSITION OF SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS; SELECT AND APPOINT THE BANKS, ACCOUNTANTS, AUDITORS AND LEGAL COUNSEL OF THE ORGANIZATION. THE SOLE MEMBER ALSO HOLDS THE RIGHT TO APPROVE THE FOLLOWING ACTIONS OF THE ORGANIZATION: PURCHASES, SALES AND LEASES OF PROPERTY BY THE ORGANIZATION IN EXCESS OF ANY CORPORATE SPENDING LIMIT ESTABLISHED BY THE MEMBER; BORROWING BY THE ORGANIZATION IN A PRINCIPAL AMOUNT IN EXCESS OF ANY CORPORATE SPENDING LIMIT ESTABLISHED BY THE MEMBER, OR FOR A STATED TERM IN EXCESS OF ONE YEAR OR WHICH IS SECURED BY A MORTGAGE OF REAL PROPERTY; ANY MAJOR CHANGE IN THE PROGRAMS OR SERVICES PROVIDED BY THE ORGANIZATION, INCLUDING ANY CREATION OF NEW PROGRAMS OR SERVICES OR THE DISCONTINUATION OF EXISTING PROGRAMS OR SERVICES; ANY MAJOR AGREEMENT OR TRANSACTION WITH ANOTHER AFFILIATE OF THE MEMBER; ACCEPTANCE OF A CONTRIBUTION THAT IMPOSES A MATERIAL OBLIGATION ON THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD DIRECTS THAT AT LEAST ONE BOARD MEMBER, WHO SERVES ON THE FINANCE COMMITTEE, CONDUCT THE ANNUAL REVIEW OF THE FORM 990 AND PRESENT IT TO THE FULL BOARD PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD DIRECTS THAT OFFICERS, DIRECTORS, AND KEY EMPLOYEES ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE COMPLIANCE OFFICER IS RESPONSIBLE FOR PREPARING QUARTERLY REPORTS TO THE BOARD RISK MANAGEMENT COMMITTEE THAT DISCLOSES ACTUAL, POTENTIAL OR PERCEIVED CONFLICTS OF INTEREST. IN THE EVENT THAT A CONFLICT EXISTS, THE PERSON IS REQUIRED TO RECUSE HIMSELF OR HERSELF FROM PARTICIPATING IN THE DECISION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGAINZATION DOES NOT COMPENSATE THE ORGANIZATION'S CEO OR CFO. HOWEVER, A RELATED ENTITY WHO COMPENSATES THESE INDIVIDUALS USES THE FOLLOWING PROCESS: THE BOARD DIRECTS THAT THE PERSONNEL & POLICY COMMITTEE (P&PC) CONDUCT THE PRESIDENT'S ANNUAL PERFORMANCE REVIEW AND DEVELOP SALARY AND COMPENSATION RECOMMENDATIONS FOR FULL BOARD APPROVAL. A COMPARATIVE ANALYSIS OF THE PRESIDENT'S ANNUAL COMPENSATION IS REVIEWED BY THE P&PC USING SOURCES SUCH AS INDEPENDENT SALARY SURVEYS, REVIEW OF FORM 990S AND OTHER INFORMATION AS IT IS AVAILABLE. TO ENSURE THE INDEPENDENCE AND OBJECTIVITY OF THE COMPARATIVE REVIEW, THE DATA AND ANALYSIS IS PREPARED BY SOMEONE OTHER THAN THE PRESIDENT. IN REGARDS TO OTHER OFFICERS AND KEY EMPLOYEES, THE PRESIDENT PERFORMS A SIMILAR PROCESS USING INDEPENDENT SALARY SURVEY DATA TO DETERMINE COMPENSATION. THESE PROCESSES WERE LAST UNDERTAKEN IN 2024. FORM 990, PART VI, SECTION C, LINE 19 CLARK-LINDSEY VILLAGE, INC.'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR PUBLIC INSPECTION. FORM 990, PART XI, LINE 9: EQUITY TRANSFER -200,000. FORM 990, PART XII, LINE 2C: THE PROCESS FOR REVIEW AND OVERSIGHT OF THE AUDIT PROCESS IS CONSISTENT WITH PRIOR YEARS. CLARK-LINDSEY HOLDINGS INC 101 W WINDSOR RD URBANA IL 61802 861996154 SENIOR CITIZENS HOUSING & RETIREMENT COMMUNITIES IL 501(C)(3) LINE 7 LINDSEY COMMUNITIES INC 0 LINDSEY MANAGEMENT SERVICES INC 101 W WINDSOR RD URBANA IL 61802 861970355 SENIOR CITIZENS HOUSING & RETIREMENT COMMUNITIES IL 501(C)(3) LINE 10 LINDSEY COMMUNITIES INC 0 LINDSEY COMMUNITIES INC 101 W WINDSOR RD URBANA IL 61802 861934798 SENIOR CITIZENS HOUSING & RETIREMENT COMMUNITIES IL 501(C)(3) LINE 10 N/A 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0