2011-05-10T10:22:33-04:00 2010-06-30 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 2600 INDIANAPOLIS IN 46204 990 2009-07-01 030447208 The Clare at Water Tower CLAR 7086476500 1055 W 175th Street Homewood IL 60430 Richard D Truesdale 2011-05-10 3176817000 2009 2016-02-24 21:20:13Z Judy Amiano 1055 W 175th Street Ste 202 Homewood IL 60430 6397050 false X www.franciscancommunities.com X 2001 IL Organized and operated exclusively for the charitable and religious purpose to support the ministries of the Franciscan Sisters of Chicago 3 2 161 0 0 0 37500 5000 1962177 5755790 321655 598551 1364059 36039 3685391 6395380 0 0 0 0 1180754 3869013 0 0 0 19271923 34214246 20452677 38083259 -16767286 -31687879 282600045 265093502 306042876 319743363 -23442831 -54649861 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. false false 20752766 5458078 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. 4535151 56050 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. 2876634 241662 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. 28164551 true false false false false false false false true true true false false false false false false false false false false false false true true false false false false false false false false false true false false false false false true true false false true 34 0 true 161 true false false false false false false false false false 3 2 false true false false true true true true true false false true true true true true true true true false IL X RICHARD D TRUESDALE 7086476500 1055 W 175TH STREET SUITE 202 Homewood IL 60430 X Sister M Francis Clare Radke OSF 1.0 X X 0 0 0 Sister M Francine Labus 1.0 X X 0 0 0 Thomas J Allison 40.0 X X 0 0 0 Robert Zimmer 40.0 X 0 246419 19660 Tracy Shearer 40.0 X 0 61209 5742 Denise Boudreau 40.0 X 0 48565 5953 Richard Maryonovich 40.0 X 110875 0 17122 Steve Wuitschick 0.0 X 0 378760 11948 Chester Labus 0.0 X 0 232015 23623 Lori McLaughlin 0.0 X 0 247803 10287 110875 1214771 94335 1 true true true 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 4 5000 5000 NET RESIDENT SERVICE REVENUE 623000 5755790 5755790 5755790 16938 16938 583283 583283 0 1670 -1670 -1670 -1670 0 0 0 VENDING/CAFETERIA 900099 9309 9309 REBATES AND REFUNDS 900099 6607 6607 OTHER 900099 20123 20123 36039 6395380 5755790 634590 0 0 0 0 0 0 3143167 2780789 362378 0 477901 422804 55097 247945 219359 28586 143673 143673 3702 3702 134767 134767 0 0 71580 71580 10112688 1460124 8652564 190999 190999 1125787 932096 193691 0 0 5062232 5062232 38784 13640 25144 0 3406 290 3116 6032165 6032165 0 8299208 8299208 361931 361931 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 5340 2650 2690 38083259 28164551 9918708 0 7144 0 2475841 92732 361977 473443 638363 607302 210758468 11018333 204767570 199740135 56560224 46868625 17788926 17311265 282600045 265093502 9293000 13006154 56325023 65266733 216500000 216500000 23924853 24970476 306042876 319743363 X -23442831 -54654861 5000 -23442831 -54649861 282600045 265093502 X false true true X false X 232431 1000 37500 5000 275931 1962177 5755790 7717967 2513 9309 11822 232431 1000 2002190 5770099 8005720 8005720 100 321655 600221 921976 100 321655 600221 921976 1361546 26370 1387916 232431 100 1000 3685391 6396690 10315612 0.77608 0.57047 0.08938 0.08210 X 5000 5000 1.00000 false false 199146152 9456603 189689549 6336351 867971 5468380 5275965 693759 4582206 199740135 DEFERRED BOND ISSUANCE COSTS 4662921 DEFERRED MARKETING COSTS 12180205 OTHER LONG TERM ASSET 468139 17311265 0 DUE TO AFFILIATES 9223816 REFUNDABLE ENTRANCE FEES AND D 728359 TAXABLE BONDS PAYABLE 12500000 NOTE PAYABLE - RELATED EXEMPT ORGANIZATION 2518301 24970476 6395380 38083259 -31687879 -121546 370000 232395 480849 -31207030 6429649 -121546 232395 110849 6318800 71580 5000 76580 6395380 38011679 38011679 71580 71580 38083259 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. true true false false false false false false false 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 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 Illinois Finance Authority 861091967 45200BTG3 2005-12-13 215227691 Construct Clare at Water Tower false false 232042606 10948488 4084625 192458875 2008 false false true true false true true false true 0.00000 0.00000 0.00000 true false true false true Marshall and Isley 2.8 true true true Mesirow Financial Entity w Common Officer 1771412 Financial Consulting false 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. 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 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 false false false false true false false false false false false true false true false false false true Franciscan Communities Inc R 64523