CWT Liquidation Company NFP: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- CWT Liquidation Company NFP (EIN 03-0447208)
- Tax period
- 2015-07-01 to 2015-10-31
- Filed
- 2016-04-01
- IRS object ID
- 201610929349300421
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-04-01T12:00:07-05:00 | ReturnTs |
| Tax Period End | 2015-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE HORWATH LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 West Wacker Drive | AddressLine1Txt |
| Address Line2 | Suite 2600 | AddressLine2Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606061224 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030447208 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CWT Liquidation Company NFP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CWTL | BusinessNameControlTxt |
| Phone | 7086476500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2200 ROSS AVENUE | AddressLine1Txt |
| City | Dallas | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75201 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOUIS E ROBICHAUX IV | PersonNm |
| Person Title | REP. OF THE PLAN ADMINISTRATOR | PersonTitleTxt |
| Signature | 2016-03-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | John V Woodhull | PreparerPersonNm |
| PTIN | P01305268 | PTIN |
| Phone | 3128997000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE FINANCIAL ADVISORY SERVICES | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2200 ROSS AVENUE | AddressLine1Txt |
| City | Dallas | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $0 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 0 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $0 | PYTotalRevenueAmt |
| CY Total Revenue | $0 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $142,049 | PYOtherExpensesAmt |
| CY Other Expenses | $115,328 | CYOtherExpensesAmt |
| PY Total Expenses | $142,049 | PYTotalExpensesAmt |
| CY Total Expenses | $115,328 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$142,049 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$115,328 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $47,867,706 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $247,980,150 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$200,112,444 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Mission | CWT LIQUIDATION COMPANY, NFP, FORMERLY KNOWN AS THE CLARE AT WATER TOWER ("THE CLARE"), FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 14, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, THE CLARE EXECUTED THE SALE OF CERTAIN ASSETS AND LIABILITIES. THE EFFECTIVE DATE OF THE SALE WAS JUNE 29, 2012. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $0 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | CWT LIQUIDATION COMPANY, NFP, FORMERLY KNOWN AS THE CLARE AT WATER TOWER ("THE CLARE"), FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 14, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, THE CLARE EXECUTED THE SALE OF CERTAIN ASSETS AND LIABILITIES. THE EFFECTIVE DATE OF THE SALE WAS JUNE 29, 2012. THE CLARE CONTINUED TO PROVIDE PROGRAM SERVICES THROUGH THE DATE OF THE SALE. THIS RETURN REFLECTS THE FINAL WIND DOWN OF OPERATIONS. | Desc |
| Total Program Service Expenses | $0 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | Yes (true) | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 0 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | false | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUSSELL PERRY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2148401544 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2200 ROSS AVE STE 1600 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE FAS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | COURT APPOINTED PLAN ADMINISTRATOR | TitleTxt |
| Average Hours Per Week | 1.00 | AverageHoursPerWeekRt |
| Institutional Trustee | Yes (X) | InstitutionalTrusteeInd |
| Reportable Comp From Org | $0 | ReportableCompFromOrgAmt |
| Reportable Comp From Rltd Org | $0 | ReportableCompFromRltdOrgAmt |
| Other Compensation | $0 | OtherCompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,945 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $111,945 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADMINISTRATIVE WIND DOWN EXPENSES | Desc |
| Total | $2,367 | TotalAmt |
| Management And General | $2,367 | ManagementAndGeneralAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,016 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,016 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,328 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $115,328 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,522 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,290,664 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,473,520 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,867,706 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,044,023 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $210,549,966 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,741,541 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,644,620 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $247,980,150 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$200,117,444 | BOYAmt |
| EOY | $0 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$200,112,444 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,867,706 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$115,328 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $199,777,772 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $450,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $35,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $35,000 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,170,990 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,397,532 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $23,568,522 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,060 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $61,062 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $124,122 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,269,050 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,458,594 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $23,727,644 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $23,727,644 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $70,817 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $65,843 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $136,660 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $70,817 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $65,843 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $136,660 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,339,867 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,524,437 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $23,864,304 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.9943 | PublicSupportCY509Pct |
| Public Support PY509 | 0.9756 | PublicSupportPY509Pct |
| Investment Income CY | 0.0057 | InvestmentIncomeCYPct |
| Investment Income PY | 0.0244 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule N IRS990ScheduleN
Liquidation Of Assets Table LiquidationOfAssetsTableGrp
Liquidation Of Assets Detail LiquidationOfAssetsDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Distri Or Expnss Paid | See Part III | AssetsDistriOrExpnssPaidDesc |
| Distribution | 2012-06-20 | DistributionDt |
| Fair Market Value Of Asset | $29,500,000 | FairMarketValueOfAssetAmt |
| Method Of FMV Determination | FMV - PURCHASE PRICE APPROVED UNDER CHAPTER 11 BANKRUPTCY COURT | MethodOfFMVDeterminationTxt |
| EIN | 454732822 | EIN |
| Person | CHICAGO SENIOR CARE LLC | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O SENIOR CARE DEVELOPMENT LLC | AddressLine1Txt |
| Address Line2 | 500 MAMARONECK AVE STE 406 | AddressLine2Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10528 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | LLC | IRCSectionTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor | Yes (true) | DirectorOfSuccessorInd |
| Employee Of Successor | false | EmployeeOfSuccessorInd |
| Owner Of Successor | false | OwnerOfSuccessorInd |
| Receive Compensation | false | ReceiveCompensationInd |
| Assets Distributed | Yes (true) | AssetsDistributedInd |
| Required To Notify AG | Yes (true) | RequiredToNotifyAGInd |
| Attorney General Notified | Yes (true) | AttorneyGeneralNotifiedInd |
| Liabilities Paid | Yes (true) | LiabilitiesPaidInd |
| Bonds Outstanding | Yes (true) | BondsOutstandingInd |
| Bond Liabilities Discharged | Yes (true) | BondLiabilitiesDischargedInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule N, Part I, Line 1, Column (a) DESCRIPTION OF ASSETS | CWT LIQUIDATION COMPANY, NFP, FORMERLY KNOWN AS THE CLARE AT WATER TOWER ("THE CLARE"), FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEBMER 14, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, THE CLARE EXECUTED THE SALE OF CERTAIN ASSETS AND LIABILITIES. THE PROCEEDS OF THE SALE WERE SUBJECT TO THE RULINGS OF THE BANKRUPTCY. THE ASSETS SOLD CONSISTED PRIMARILY OF ACCOUNTS RECEIVABLE, PROPERTY, PLANT, EQUIPMENT, OTHER CURRENT ASSETS, AND THE LAND LEASE FOR THE PROPERTY THE CLARE WAS BUILT UPON. THE BUYER ASSUMED RESIDENCY AGREEMENT OBLIGATIONS, CERTAIN EMPLOYEE BENEFIT LIABILITIES, AND THE OBLIGATIONS UNDER THE LAND LEASE. EXCLUDED FROM THE SALE WERE CASH, DUE FROM/TO AFFILIATES, CERTAIN ACCOUNTS PAYABLE, CERTAIN ACCRUED SALARIES, AND ILLINOIS FINANCE AUTHORITY REVENUE BOND OBLIGATIONS. |
| Schedule N, Part I, Line 2a Interested person is a director or trustee of successor org. | MICHEL DESJARDINS, THE EXECUTIVE DIRECTOR AT THE TIME OF THE SALE, WILL CONTINUE AS THE EXECUTIVE DIRECTOR IN TRANSFEREE ORGANIZATION. |
| Schedule N, Part I, Line 6c Discharged or defeased tax-exempt bond liabilities | CWT LIQUIDATION COMPANY, NFP, FORMERLY KNOWN AS THE CLARE AT WATER TOWER ("THE CLARE"), FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 14, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, MANAGEMENT DECISIONS WERE SUBJECT TO THE APPROVAL OF THE BANKRUPTCY COURT. WHILE UNDER CONTROL OF THE BANKRUPTCY COURT, THE CLARE EXECUTED THE SALE OF CERTAIN ASSETS AND LIABILITIES. THE EFFECTIVE DATE OF THE SALE WAS JUNE 29, 2012. EFFECTIVE JULY 1, 2012 DELOITTE FINANCIAL ADVISORY SERVICES, LLP WAS APPOINTED PLAN ADMINISTRATOR FOR CWT LIQUIDATION COMPANY, NFP, TO MANAGE THE TRANSACTIONS FOR THE CORPORATION DURING THE WINDDOWN OF THE BANKRUPTCY PROCEEDINGS. ALL LIABILITIES WERE SETTLED IN ACCORDANCE WITH THE BANKRUPTCY COURT PROCEEDINGS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 1 VALUE STATEMENT | AS SET FORTH IN THE UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION FINDINGS OF FACT, CONCLUSIONS OF LAW, AND ORDER CONFIRMING DEBTOR'S PLAN OF REORGANIZATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE (THE "ORDER"), AND THE DEBTOR'S FIFTH AMENDED PLAN OF REORGANIZATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE (THE "PLAN"), AND AS OF THE EFFECTIVE DATE OF THIS ORDER, THE PLAN ADMINISTRATOR (SEE FORM 990, PART VI, SECTION A, LINE 3) SHALL BE RESPONSIBLE FOR THE LIQUIDATION OF THE DEBTOR'S REMAINING ASSETS, ADMINISTRATION OF THE PLAN AND THE WIND-DOWN OF THE DEBTOR AND ITS ESTATE POST-EFFECTIVE DATE. |
| Form 990, Part III, Line 1 VISION STATEMENT | THE PLAN ADMINISTRATOR WILL ACT FOR THE DEBTOR IN A FIDUCIARY CAPACITY AS APPLICABLE TO A BOARD OF DIRECTORS AND SHALL BE RESPONSIBLE FOR THE LIQUIDATION OF THE DEBTOR'S REMAINING ASSETS, ADMINISTRATION OF THE PLAN AND WIND-DOWN OF THE DEBTOR AND ITS ESTATE POST-EFFECTIVE DATE, SUBJECT TO THE PROVISIONS OF THIS PLAN. THE PLAN ADMINISTRATOR SHALL BE DEEMED THE DEBTORS REPRESENTATIVE IN ACCORDANCE WITH BANKRUPTCY CODE SECTION 1123 AND SHALL HAVE ALL POWERS, AUTHORITY AND RESPONSIBILITIES SPECIFIED IN THIS PLAN, INCLUDING, WITHOUT LIMITATION, THE POWERS OF A TRUSTEE UNDER BANKRUPTCY CODE SECTIONS 704 AND 1106. |
| Form 990, Part VI, Line 12c CONFLICT OF INTEREST POLICY | THE DEBTOR IS IN THE FINAL STAGES OF LIQUIDATING ITS ASSETS AND RESOLVING OPEN CLAIMS. THE DEBTOR NO LONGER HAS A TRADITIONAL BOARD OF DIRECTORS; RATHER, THE PLAN OF LIQUIDATION PROVIDES FOR THE APPOINTMENT OF A SINGLE PLAN ADMINISTRATOR. THE DEBTOR DOES NOT EXPECT TO ENTER INTO ANY TRANSACTIONS THAT WOULD PRESENT OPPORTUNITIES FOR POTENTIAL CONFLICTS OF INTEREST. FURTHER, THE PLAN ADMINISTRATOR HAS THE SAME REQUIREMENT TO AVOID CONFLICTS OF INTEREST AS IS EXPECTED OF ANY DEBTOR IN BANKRUPTCY. ALL MATERIAL ASSET / LIABILITY SETTLEMENTS THAT MAY BE UNDERTAKEN BY THE PLAN ADMINISTRATOR ARE SUBJECT TO CREDITOR REVIEW AND CONSULTATION. |
| Form 990, Part VI, Line 3 Delegation of management duties | THE CLARE AT WATER TOWER ("THE CLARE") FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 14, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, MANAGEMENT DECISIONS WERE SUBJECT TO THE APPROVAL OF THE BANKRUPTCY COURT. WHILE UNDER CONTROL OF THE BANKRUPTCY COURT, THE CLARE EXECUTED THE SALE OF CERTAIN ASSETS AND LIABILITIES. THE EFFECTIVE DATE OF THE SALE WAS JUNE 29, 2012. THE CLARE CONTINUED TO PROVIDE PROGRAM SERVICES THROUGH THE DATE OF THE SALE. EFFECTIVE JULY 1, 2012 DELOITTE FINANCIAL ADVISORY SERVICES, LLP WAS APPOINTED PLAN ADMINISTRATOR FOR CWT LIQUIDATION COMPANY, NFP, TO MANAGE THE TRANSACTIONS FOR THE CORPORATION DURING THE WIND-DOWN OF THE BANKRUPTCY PROCEEDINGS. |
| Form 990, Part VI, Line 8a Documentation of meetings held by governing body | THE CLARE AT WATER TOWER ("THE CLARE") FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 14, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, MANAGEMENT DECISIONS WERE SUBJECT TO THE APPROVAL OF THE BANKRUPTCY COURT. EFFECTIVE JULY 1, 2012 DELOITTE FINANCIAL ADVISORY SERVICES, LLP WAS APPOINTED PLAN ADMINISTRATOR FOR CWT LIQUIDATION COMPANY, NFP, TO MANAGE THE TRANSACTIONS FOR THE CORPORATION DURING THE WIND-DOWN OF THE BANKRUPTCY PROCEEDINGS. THEREFORE THERE WAS NOT A GOVERNING BODY AND THIS QUESTION IS NOT APPLICABLE, BUT HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. |
| Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body | THE CLARE AT WATER TOWER ("THE CLARE") FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 14, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, MANAGEMENT DECISIONS WERE SUBJECT TO THE APPROVAL OF THE BANKRUPTCY COURT. EFFECTIVE JULY 1, 2012 DELOITTE FINANCIAL ADVISORY SERVICES, LLP WAS APPOINTED PLAN ADMINISTRATOR FOR CWT LIQUIDATION COMPANY, NFP, TO MANAGE THE TRANSACTIONS FOR THE CORPORATION DURING THE WIND-DOWN OF THE BANKRUPTCY PROCEEDINGS. THEREFORE THERE WAS NOT A GOVERNING BODY OR COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AND THIS QUESTION IS NOT APPLICABLE, BUT HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE PLAN ADMINISTRATOR REVIEWS A FINAL DRAFT OF THE COMPLETED FORM 990 PRIOR TO FILING WITH THE IRS. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE USER OF THIS RETURN MAY READ FURTHER THE DUTIES OF THE PLAN ADMINISTRATOR AND ITS GOVERNANCE OF THE DEBTOR IN THE ORDER OR THE PLAN. OTHER APPLICABLE DOCUMENTS, INCLUDING QUARTERLY UNITED STATES TRUSTEE REPORTS ARE FILED FOR ON THE COURT DOCKET AND AVAILABLE TO THE GENERAL PUBLIC. |
| Form 990, Part IX, Line 11g Other Fees | PROFESSIONAL FEES - Total Expense: 111945, Program Service Expense: , Management and General Expenses: 111945, Fundraising Expenses: ; |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Release of third-party reserve funds collected by estate upon closing - 450000; |