CWT Liquidation Company NFP: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- CWT Liquidation Company NFP (EIN 03-0447208)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-10
- IRS object ID
- 201131309349301503
- Schema version
- 2009v1.7
- 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) |
|---|---|---|
| Timestamp | 2011-05-10T10:22:33-04:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 2600 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030447208 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Clare at Water Tower | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CLAR | NameControl |
| Phone | 7086476500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1055 W 175th Street | AddressLine1 |
| City | Homewood | City |
| State | IL | State |
| ZIP Code | 60430 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Richard D Truesdale | Name |
| Title | Controller/Tax Officer | Title |
| Date Signed | 2011-05-10 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Judy Amiano | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1055 W 175th Street Ste 202 | AddressLine1 |
| City | Homewood | City |
| State | IL | State |
| ZIP Code | 60430 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 6397050 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.franciscancommunities.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2001 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | Organized and operated exclusively for the charitable and religious purpose to support the ministries of the Franciscan Sisters of Chicago | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 3 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 2 | NbrIndependentVotingMembers |
| Total Nbr Employees | 161 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 37500 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1962177 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5755790 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 321655 | InvestmentIncomePriorYear |
| Investment Income Current Year | 598551 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1364059 | OtherRevenuePriorYear |
| Other Revenue Current Year | 36039 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3685391 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6395380 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1180754 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3869013 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19271923 | OtherExpensePriorYear |
| Other Expenses Current Year | 34214246 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 20452677 | TotalExpensesPriorYear |
| Total Expenses Current Year | 38083259 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -16767286 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -31687879 | RevenuesLessExpensesCY |
| Total Assets BOY | 282600045 | TotalAssetsBOY |
| Total Assets EOY | 265093502 | TotalAssetsEOY |
| Total Liabilities BOY | 306042876 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 319743363 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -23442831 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -54649861 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF THE CLARE AT WATER TOWER IS TO HONOR THE DIGNITY OF LIFE BY SERVING AS A COMPASSIONATE COMMUNITY. ITS VALUES INCLUDE: RESPECT: SEEING THE FACE OF GOD REFLECTED IN THOSE WE SERVE; SERVICE: RESPONDING TO THE NEEDS OF OTHERS BEFORE OUR OWN; DEDICATION: PASSIONATELY FULFILLING THIS CALL ENTRUSTED TO US: STEWARDSHIP: RESPONSIBLY USING OUR RESOURCES, AWARE THAT ALL CREATION IS A GIFT; JOY: GIVING FROM YOUR HEART. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 20752766 | Expense |
| Revenue | 5458078 | Revenue |
| Description | The Clare at Water Tower's vision is to become the optimal means, which frees all those we serve to experience the fullness of their lives. The Clare at Water Tower is operated solely for the charitable and religious purpose of the Franciscan Sisters of Chicago. The charism of the Franciscan Sisters of Chicago is to devote themselves to the ministry of providing care and housing to the elderly and infirm. The Clare at Water Tower offers services to meet both the physical and spiritual needs of the residents. In fulfillment of this ministry the Clare at Water Tower is designed to provide independent living, assisted living, and nursing home services. Independent Living: The Clare at Water Tower provides independent living services to allow residents to enjoy active and independent lifestyles. These services are designed to meet the physical, social and spiritual needs of the residents. Accomodations include one, two, and three bedroom apartments. Some of the amenities provided include dining, housekeeping, maintenance, transportation, health and fitness, religious and life enrichment activities, security, and an emergency response system. Operations commenced in December 2008 with a census of 84 at June 30, 2010. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4535151 | Expense |
| Revenue | 56050 | Revenue |
| Description | Assisted Living: The Clare at Water Tower is designed to provide assisted living services to allow residents to receive the assistance they need while maintaining an active lifestyle. These services are designed to meet the physical, social and spiritual needs of the residents. Accomodations include efficiencies, studios, and one bedroom units. Some of the amenities provided include three meals daily, snacks, housekeeping, maintenance, security, and religious and life enrichment activities. In addition, staff is available to provide assistance with activities of daily living to meet each resident's needs. Assisted living opened in the fall of 2009 with a census of 10. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2876634 | Expense |
| Revenue | 241662 | Revenue |
| Description | Nursing Home Care: The Clare at Water Tower is designed to provide nursing care services to meet the physical, social, and spiritual needs of the residents. Some of the amenities provided include personalized care plans, licensed nursing staff, three meals daily, snacks, housekeeping, maintenance, religious and life enrichment activities, and security. The nursing home opened in the fall of 2009 with a census of 3 at June 30, 2010. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 28164551 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 34 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 161 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 3 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 2 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | true | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RICHARD D TRUESDALE | NamePerson |
| Telephone Number | 7086476500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1055 W 175TH STREET SUITE 202 | AddressLine1 |
| City | Homewood | City |
| State | IL | State |
| ZIP Code | 60430 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (10 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Sister M Francis Clare Radke OSF | ||||||||
| Chairman | 1.0 | X | X | 0 | 0 | 0 | ||
| Sister M Francine Labus | ||||||||
| Vice-Chair and Secretary | 1.0 | X | X | 0 | 0 | 0 | ||
| Thomas J Allison | ||||||||
| President and CEO | 40.0 | X | X | 0 | 0 | 0 | ||
| Robert Zimmer | ||||||||
| CFO and Treasurer | 40.0 | X | 0 | 246419 | 19660 | |||
| Tracy Shearer | ||||||||
| Assistant Secretary | 40.0 | X | 0 | 61209 | 5742 | |||
| Denise Boudreau | ||||||||
| Assistant Secretary | 40.0 | X | 0 | 48565 | 5953 | |||
| Richard Maryonovich | ||||||||
| Director of Plant Operations | 40.0 | 110875 | 0 | 17122 | X | |||
| Steve Wuitschick | ||||||||
| President and CEO | 0.0 | 0 | 378760 | 11948 | X | |||
| Chester Labus | ||||||||
| CFO and Treasurer | 0.0 | 0 | 232015 | 23623 | X | |||
| Lori McLaughlin | ||||||||
| General Counsel / Secretary | 0.0 | 0 | 247803 | 10287 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 110875 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1214771 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 94335 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | true | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| McDermott Will Emery | |||||
| 227 West Monroe Street | CHICAGO | IL | 60606 | Legal | 401493 |
| Bulley and Andrews | |||||
| 1755 W Armitage Ave | CHICAGO | IL | 60622 | Construction | 251970 |
| Mesirow Financial | |||||
| 321 N Clark Street | CHICAGO | IL | 60610 | Financial Consult | 229542 |
| Kirkland and Ellis | |||||
| 300 North LaSalle Street | CHICAGO | IL | 60654 | Legal | 116761 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| All Other Contributions | 5000 | AllOtherContributions |
| Total Contributions | 5000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NET RESIDENT SERVICE REVENUE | Description |
| Business Code | 623000 | BusinessCode |
| Total Revenue Column | 5755790 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5755790 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5755790 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16938 | TotalRevenueColumn |
| Exclusion | $16,938 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 583283 | TotalRevenueColumn |
| Exclusion | $583,283 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1670 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -1670 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1670 | TotalRevenueColumn |
| Exclusion | -$1,670 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| VENDING/CAFETERIA | 900099 | 9309 | $9,309 |
| REBATES AND REFUNDS | 900099 | 6607 | $6,607 |
| OTHER | 900099 | 20123 | $20,123 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 36039 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6395380 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5755790 | RelatedOrExemptFunctionIncome |
| Exclusion | $634,590 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3143167 | Total |
| Program Services | 2780789 | ProgramServices |
| Management And General | 362378 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 477901 | Total |
| Program Services | 422804 | ProgramServices |
| Management And General | 55097 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 247945 | Total |
| Program Services | 219359 | ProgramServices |
| Management And General | 28586 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143673 | Total |
| Management And General | 143673 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3702 | Total |
| Management And General | 3702 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134767 | Total |
| Management And General | 134767 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71580 | Total |
| Management And General | 71580 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10112688 | Total |
| Program Services | 1460124 | ProgramServices |
| Management And General | 8652564 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 190999 | Total |
| Management And General | 190999 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1125787 | Total |
| Program Services | 932096 | ProgramServices |
| Management And General | 193691 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5062232 | Total |
| Program Services | 5062232 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38784 | Total |
| Program Services | 13640 | ProgramServices |
| Management And General | 25144 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3406 | Total |
| Program Services | 290 | ProgramServices |
| Management And General | 3116 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6032165 | Total |
| Program Services | 6032165 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8299208 | Total |
| Program Services | 8299208 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 361931 | Total |
| Program Services | 361931 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| LETTER OF CREDIT FEES | 2518739 | 2518739 | |
| MISCELLANEOUS | 43455 | 9434 | 34021 |
| MINOR EQUIPMENT PURCHASES | 40001 | 26678 | 13323 |
| UNIFORMS | 20345 | 20345 | |
| DUES AND SUBSCRIPTIONS | 5444 | 2067 | 3377 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5340 | Total |
| Program Services | 2650 | ProgramServices |
| Management And General | 2690 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38083259 | Total |
| Program Services | 28164551 | ProgramServices |
| Management And General | 9918708 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7144 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2475841 | BOY |
| EOY | 92732 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 361977 | BOY |
| EOY | 473443 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 638363 | BOY |
| EOY | 607302 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 210758468 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 11018333 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 204767570 | BOY |
| EOY | 199740135 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56560224 | BOY |
| EOY | 46868625 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17788926 | BOY |
| EOY | 17311265 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 282600045 | BOY |
| EOY | 265093502 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9293000 | BOY |
| EOY | 13006154 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56325023 | BOY |
| EOY | 65266733 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 216500000 | BOY |
| EOY | 216500000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23924853 | BOY |
| EOY | 24970476 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 306042876 | BOY |
| EOY | 319743363 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -23442831 | BOY |
| EOY | -54654861 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 5000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -23442831 | BOY |
| EOY | -54649861 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 282600045 | BOY |
| EOY | 265093502 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 232431 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus2 Years | 1000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 37500 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5000 | CurrentTaxYear |
| Total | 275931 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 1962177 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5755790 | CurrentTaxYear |
| Total | 7717967 | Total |
Gross Receipts From Non UBI GrossReceiptsFromNonUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 2513 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9309 | CurrentTaxYear |
| Total | 11822 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 232431 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus2 Years | 1000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2002190 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5770099 | CurrentTaxYear |
| Total | 8005720 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 8005720 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 100 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus1 Year | 321655 | CurrentTaxYearMinus1Year |
| Current Tax Year | 600221 | CurrentTaxYear |
| Total | 921976 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 100 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus1 Year | 321655 | CurrentTaxYearMinus1Year |
| Current Tax Year | 600221 | CurrentTaxYear |
| Total | 921976 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 1361546 | CurrentTaxYearMinus1Year |
| Current Tax Year | 26370 | CurrentTaxYear |
| Total | 1387916 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 232431 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 100 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3685391 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6396690 | CurrentTaxYear |
| Total | 10315612 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.77608 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.57047 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.08938 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.08210 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributions | 5000 | Contributions |
| End Of Year Balance | 5000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Endowment EOY Balance | 1.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Land | Land |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 199146152 | OtherCostOrOtherBasis |
| Depreciation | 9456603 | Depreciation |
| Book Value | 189689549 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6336351 | OtherCostOrOtherBasis |
| Depreciation | 867971 | Depreciation |
| Book Value | 5468380 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5275965 | OtherCostOrOtherBasis |
| Depreciation | 693759 | Depreciation |
| Book Value | 4582206 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 199740135 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DEFERRED BOND ISSUANCE COSTS | 4662921 |
| DEFERRED MARKETING COSTS | 12180205 |
| OTHER LONG TERM ASSET | 468139 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 17311265 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO AFFILIATES | $9,223,816 |
| REFUNDABLE ENTRANCE FEES AND D | $728,359 |
| TAXABLE BONDS PAYABLE | $12,500,000 |
| NOTE PAYABLE - RELATED EXEMPT ORGANIZATION | $2,518,301 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 24970476 | TotalOfAmounts |
| Total Revenue | 6395380 | TotalRevenue |
| Total Expenses | 38083259 | TotalExpenses |
| Excess Or Deficit For Year | -31687879 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -121546 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | 370000 | PriorPeriodAdjustments |
| Other | $232,395 | OtherAmount |
| Total Adjustments | 480849 | TotalAdjustments |
| Excess Or Deficit Per FS | -31207030 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 6429649 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -121546 | NetUnrealizedGainsInvestments |
| Other Revenues | 232395 | OtherRevenues |
| Revenue Not Rptd F990 | 110849 | RevenueNotRptdF990 |
| Revenue Subtotal | 6318800 | RevenueSubtotal |
| Investment Expenses Not Included | 71580 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 5000 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 76580 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 6395380 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 38011679 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 38011679 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 71580 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 71580 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 38083259 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Other changes in net assets | Form 990, Part XI, Question 8 | Unrealized gain in market value of swap agreements $232,395 |
| Other revenue not included in return | Form 990, Part XII, Question 2d | Change in unrealized gain in market value of swap $232,395 |
| Other revenue included in return | Form 990, Part XII, Question 4b | Temporarily restricted contributions $5,000 |
| Intended Use of Endowment Funds | Form 990, Schedule D, Part V, Line 4 | The intended use of the temporarily restricted endowment funds is for capital expenditures. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Thomas J Allison | |||||||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Steve Wuitschick | |||||||||||||
| 0 | 0 | 0 | 0 | 0 | 378760 | 0 | 0 | 0 | 11948 | 0 | 390708 | 0 | 0 |
| Chester Labus | |||||||||||||
| 0 | 52561 | 0 | 0 | 0 | 179454 | 0 | 0 | 0 | 23623 | 0 | 255638 | 0 | |
| Robert Zimmer | |||||||||||||
| 0 | 201627 | 0 | 42500 | 0 | 2292 | 0 | 0 | 0 | 19660 | 0 | 266079 | 0 | 0 |
| Lori McLaughlin | |||||||||||||
| 0 | 64990 | 0 | 0 | 0 | 182813 | 0 | 0 | 0 | 10287 | 0 | 258090 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Compensation Information | Form 990, Schedule J, Part I, Question 4a | During the year the following employees of FSCSC received severance payments in accordance with severance agreements following the termination of their employment. The amounts identified below represent the severance payments received during calendar 2009 of the total compensation reported for that period. Steve Wuitschick - Chief Executive Officer and President $341,550 Chester Labus, Chief Financial Officer and Treasurer $140,667 Lori McLaughlin, VP Legal and Compliance $138,956 |
| Establish Compensation | Form 990, Schedule J, Question 3 | The Franciscan Sisters of Chicago Service Corporation ("FSCSC"), the sole corporate member, has the responsibility to establish compensation ranges for the organization's CEO/Executive Officer. The process for determining the appropriate compensation of each position includes: 1. Review and approval by the executive compensation committee. 2. Obtaining and analyzing comparable compensation data for similar persons in functionally comparable positions in similar organizations. 3. Contemporaneous documentation and recordkeeping with respect to deliberations and decisions regarding the compensation arrangements. |
| Supplemental Non-qualified Retirement Plan | Form 990, Schedule J, Question 4b | During the year the following employees participated in a nonqualified 457(f)retirement plan. There were no amounts contributed to the plan in calendar 2009. Robert Zimmer Steve Wuitschick Chester Labus Lori McLaughlin |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Illinois Finance Authority | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 861091967 | IssuerEIN |
| CUSIP Number | 45200BTG3 | CUSIPNumber |
| Date Issued | 2005-12-13 | DateIssued |
| Issue Price | 215227691 | IssuePrice |
| Description Of Purpose | Construct Clare at Water Tower | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 232042606 | TotalProceeds |
| Amount In Reserve Fund | 10948488 | AmountInReserveFund |
| Issuance Costs From Proceeds | 4084625 | IssuanceCostsFromProceeds |
| Capital Expenditures | 192458875 | CapitalExpenditures |
| Year Of Subst Completion | 2008 | YearOfSubstCompletion |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | true | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | true | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | true | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | true | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Marshall and Isley | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of GIC | 2.8 | TermOfGIC |
| Regulatory Safe Harbor Satisfied | true | RegulatorySafeHarborSatisfied |
| Gross Proceeds Invested | true | GrossProceedsInvested |
| Exception To Rebate | true | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Mesirow Financial | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Entity w Common Officer | Relationship |
| Amount Of Transaction | 1771412 | AmountOfTransaction |
| Description Of Transaction | Financial Consulting | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Corporate Member | Form 990, Part VI, Section A, Question 6 | The sole corporate member of the Clare at Water Tower is the Franciscan Sisters of Chicago Service Corporation ("FSCSC"). The members of FSCSC shall consist of the General Minister and the members of the General Council of the Franciscan Sisters of Chicago. The Members shall act in a stewardship capacity and ensure that all actions of the Clare at Water Tower are consistent with the purposes of FSCSC and the ethical and religious principles of the Franciscan Sisters of Chicago and in furtherance of their apostolates and the catholic church. |
| Elect Governing Body | Form 990, Part VI, Section A, Question 7a | The sole corporate member, the Franciscan Sisters of Chicago Service Corporation, has the reserve power to appoint and remove Directors and fill vacancies on the Board of Directors of the Clare at Water Tower. |
| Reserve Powers | Form 990, Part VI, Section A, Question 7b | The Member, the Francsican Sisters of Chicago Service Corporation ("FSCSC"), shall have the following reserve powers: (a) To approve the Corporation's strategic plans, annual, operating, capital and cash flow budgets and similar documents developed by the Board. (b) Governing Document Amendments and Goverance 1. To approve any amendments to the Articles of Incorporation, Bylaws or similar governing documents of the Corporation. 2. To appoint and remove Directors and fill vacancies on the Board of Directors. 3. To appoint or remove the Chairperson and the President/CEO of the Clare at Water Tower. (c) Significant Actions. 1. To approve any merger, consolidation, dissolution or liquidation of the Clare at Water Tower, or any Affiliate, other than a merger or consolidation soley between existing Affiliates. Subject to approval of the Members of FSCSC. 2. To approve the creation of any new Affiliate or any affiliation Subject to approval of the Members of FSCSC. 3. To approve the establishment, termination, transfer or other acquisition or disposition of an major ministry, work or similar program by the Clare at Water Tower or any Affiliate. Subject to approval of the Members of FSCSC. 4. To approve the purchase, sale, donation, lease, mortgage, or any other acquisition, disposition or encumbrance of any assets of the Clare at Water Tower or any Affiliate, over the amount set by the Members from time to time. Subject to approval of the Members of FSCSC. 5. To approve the incurrence of indebtedness, or the guarantee of indebtedness of any person, by FSCSC or any Affiliate over an amount specified by the Members from time to time. |
| Governance Review | Form 990, Part VI, Section A, Question 11a | Ernst and Young LLP presented a final draft of the completed Form 990 to the audit and finance committee of the Board of Directors prior to its filing with the Internal Revenue Service. A copy of the final Form 990 was distributed to all members of the Board of Directors prior to filing. |
| Delegate Control of Management | Form 990, Part VI, Section A, Question 3 | Effective July 15, 2008, the Franciscan Sisters of Chicago Service Corporation ("FSCSC")and its sponsor, the Franciscan Sisters of Chicago, entered into an agreement to delegate the control of management duties of FSCSC to Mesirow Financial Interim Management, LLC. The scope of services of the agreement included Mr. Thomas J. Allison to serve as Chief Executive Officer of FSCSC and affiliates. And in accordance with the bylaws of FSCSC Mr. Allison serves as a member of the Board of Directors. Mr. Allison reports directly to the Board of Directors and to the Sponsor. In his role as Chief Executive Officer of FSCSC, Mr. Allison was appointed to be the Chairman of the Board of Directors and the Chief Executive Officer of the Clare at Water Tower. |
| Conflict of Interest | Form 990, Part VI, Section B, Question 12c | As provided for in the Conflict of Interest policy, it is the responsibility of the board or committee chair to ensure that each director, officer and member of a board committee annually signs an FSCSC approved conflict of interest disclosure statement. Copies of all signed statements are forwarded to the Corporate Director of Compliance and Standards. Key employees are required to complete an annual conflict of interest statement that is reviewed by their direct supervisor. |
| Executive Compensation | Form 990, Part VI, Section B, Question 15 | The board of directors of the Franciscan Sisters of Chicago Service Corporation ("FSCSC")has the responsibility to establish compensation ranges for the employees of FSCSC. The FSCSC board of directors appointed an executive compensation committee of the board to meet this responsibility. The executive compensation committee establishes compensation ranges for employees of FSCSC, and to the extent the Board deems appropriate, for any affiliate. As such the board establishes compensation ranges for officers and key employees for FSCSC and affiliates. The executive compensation committee is comprised of persons who do not have a conflict of interest with respect to the compensation arranagements at issue. The process for determining the appropriate compensation of each position includes: 1. Review and approval by the executive compensation committe. 2. Obtaining and analyzing comparable compensation data for similar persons in functionally comparable positions in similar organizations. 3. Contemporaneous documentation and recordkeeping with respect to deliberations and decisions regarding the compensation arrangements. |
| Governing Documents | Form 990, Part VI, Section B, Question 19 | The organization makes its governing documents, conflict of interest policy and financial statements available to the public in accordance with applicable laws and regulations. |
| Officers, Directors, and Key Employees | Form 990, Part VII | The Franciscan Sisters of Chicago Service Corporation("FSCSC") is the sole corporate member of Franciscan Communities, Inc., University Place Inc., Franciscan Communities St Mary of the Woods, Franciscan Communities Villa de San Antonio, The Clare at Water Tower, Franciscan Community Services, Franciscan Community Benefit Services, St Jude House, St Joseph Senior Housing, and St Anthony Medical Center. The purpose of FSCSC is to provide program and administrative support for its affiliates including operational oversight, financial management, treasury management, information technology, compliance, marketing, human resources, resident services, and construction and development management. FSCSC is the paymaster for the officers and key employees that provide these services. The average hours per week identified in Part VII reflect the total hours spent on all affiliates. |
| Land Lease Consideration | Form 990, Part V, Question 3a | The Clare at Water Tower permits less than 5% of its facility to be used by the lessor of the land for activity related to the lessor's exempt purpose in partial consideration for the land lease. |
| Gift of Care | Form 990, Part I, Line 1 | Gift of Care: For more than 110 years, the Franciscan Sisters of Chicago and the Clare at Water Tower have fulfilled the desperate need of the elderly and the underserved. The gift of care program is one of the ways developed to provide additional outreach services to the underprivileged population. Long-term care is very expensive and many will not be able to pay for all of the necessary services out of his or her own income and resources. Thats where the gift of care can help. Commitment: The gift of care is a commitment by the Clare at Water Tower to underwrite all or a portion of a resident's care for a specific period of time. It is based upon defined criteria. As a not-for-profit organization, the Clare at Water Tower promotes and cares for the interests of older adults in an environment of dignified living, caring and compassion. In the spirit and tradition of the catholic church, the Franciscan Sisters of Chicago and our foundress, Mother Mary Theresa Dudzik, we have been of service to the needy and the poor for over 110 years. This program in one of the ways we reach out specifically to those who need us the most. The Clare at Water Tower strives to provide the gift of care program for applicants and existing residents, who deparately need financial assistance with the expenses associated with our compassionate services. Depending on the individual circumstances, a person may be either fully or partially supported financially. Charity care provided by the Clare at Water Tower in Fiscal 2010 amounted to $38,000. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (11 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Franciscan Sisters of Chicago Service Co | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 363579767 | Healthcare | IL | 501(c)3 | 11c | N/A | |
| Franciscan Sisters of Chicago | ||||||||||
| 11500 Theresa Drive | Lemont | IL | 60439 | 362877607 | Parent | IL | 501(c)3 | 1 | N/A | |
| Franciscan Communities | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 351124441 | Healthcare | IN | 501(c)3 | 9 | FSCSC | |
| Franciscan Comm St Mary of the Woods | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 510436466 | Healthcare | IL | 501(c)3 | 9 | FSCSC | |
| University Place Inc | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 352058981 | Healthcare | IN | 501(c)3 | 9 | FSCSC | |
| Franciscan Comm Villa de San Antonio | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 743015408 | Healthcare | IL | 501(c)3 | 9 | FSCSC | |
| Franciscan Community Services Inc | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 364026985 | Healthcare | IL | 501(c)3 | 9 | FSCSC | |
| Franciscan Community Benefit Services | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 364454351 | Foundation | IL | 501(c)3 | 9 | FSCSC | |
| St Jude House | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 351905782 | Abuse Shelter | IN | 501(c)3 | 7 | FSCSC | |
| St Anthony Medical Center | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 351172181 | Hospital | IN | 501(c)3 | 3 | FSCSC | |
| St Joseph Senior Housing | ||||||||||
| 1055 W 175th Street Ste 202 | Homewood | IL | 60430 | 371485002 | Afford House | IL | 501(c)4 | FSCSC | ||
Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState |
|---|---|---|---|---|---|---|
| Crete Housing Manager LLC | ||||||
| 1055 W 175th Street Suite 202 | Homewood | IL | 60430 | 383698012 | Afford House | IL |
| Crete Senior Housing Phase II LLC | ||||||
| 1055 W 175th Street Suite 202 | Homewood | IL | 60430 | 263724299 | Afford Housing | IL |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | true | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Franciscan Communities Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionType |
| Amount Involved | 64523 | AmountInvolved |