2025-11-17T08:59:49-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-01-01 362171730 THE ADMIRAL AT THE LAKE ADMI 7734331800 929 WEST FOSTER AVE CHICAGO IL 60640 RICHARD ZIELINSKI CFO 7734331800 2025-11-14 1 0 CHAD D KUNZE CPA P00639380 6305738600 2025-11-14 2024 2025-03-06 01:10:19Z NADIA GEIGLER 929 WEST FOSTER AVE CHICAGO IL 60640 29965920 0 X THEADMIRAL.ORG X 1887 IL TO BUILD A VIBRANT COMMUNITY SO THAT WE MAY EACH LEAD FULL AND AUTHENTIC LIVES OF PURPOSE. 16 15 244 25 0 0 569842 2358026 23035315 25137670 735607 778041 353999 560360 24694763 28834097 190392 197818 0 0 11027219 11696717 0 0 0 19543832 20850220 30761443 32744755 -6066680 -3910658 136579128 139764357 295687095 291700485 -159107967 -151936128 X TO BUILD A VIBRANT COMMUNITY SO THAT RESIDENTS, EMPLOYEES, AND ANYONE COMING INTO CONTACT WITH THE ADMIRAL MAY LEAD FULL AND AUTHENTIC LIVES OF PURPOSE. 0 0 26444421 197818 28622223 THE ADMIRAL AT THE LAKE (THE ADMIRAL) IS A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, OR LIFE PLAN COMMUNITY, IN CHICAGO, ILLINOIS CONSISTING OF 196 INDEPENDENT LIVING APARTMENTS, 39 ASSISTED LIVING SUITES, 17 MEMORY CARE UNITS, AND 36 PRIVATE SKILLED NURSING BEDS. CONSTRUCTION OF THIS NEW BUILDING WAS SUBSTANTIALLY COMPLETED IN 2012. IN 2024, THE ADMIRAL AT THE LAKE FULFILLED ITS MISSION AND CHARITABLE PURPOSE BY PROVIDING HOUSING, HEALTHCARE, AND SUPPORTIVE SERVICES TO MORE THAN 450 OLDER ADULTS AGED 62 OR BETTER. AS OF DECEMBER 31, 2024, THE COMMUNITY MAINTAINED A 96% OCCUPANCY RATE ACROSS 196 INDEPENDENT LIVING APARTMENTS, ALONG WITH ASSISTED LIVING, MEMORY SUPPORT, AND SKILLED NURSING RESIDENCES THAT PROVIDE A FULL CONTINUUM OF CARE. THE ADMIRAL OFFERS A COMPREHENSIVE WELLNESS AND LIFESTYLE PROGRAM DESIGNED TO SUPPORT RESIDENTS' PHYSICAL, EMOTIONAL, AND SOCIAL WELL-BEING. AMENITIES INCLUDE A FULLY EQUIPPED FITNESS CENTER, INDOOR HEATED POOL, AND PERSONALIZED WELLNESS COACHING FOCUSED ON BALANCE, STRENGTH, AND OVERALL HEALTH. RESIDENTS ALSO BENEFIT FROM PROGRAMS THAT FOSTER LIFELONG LEARNING, CREATIVITY, AND ENGAGEMENT THROUGH LECTURES, PERFORMING ARTS, CULTURAL OUTINGS, AND RESIDENT-LED INTEREST GROUPS. A LICENSED DIETITIAN PROVIDES NUTRITION COUNSELING AND MEAL PLANNING SUPPORT, WHILE MULTIPLE DINING VENUES OFFER NUTRITIOUS, CHEF-PREPARED MEALS TAILORED TO INDIVIDUAL NEEDS.RESIDENTS ENTERING INDEPENDENT LIVING SIGN LIFE CARE RESIDENCY AGREEMENTS THAT GUARANTEE LIFETIME ACCESS TO HOUSING, SERVICES, AND HEALTHCARE, WITH THE ASSURANCE THAT NO RESIDENT WILL LOSE THEIR HOME DUE TO FINANCIAL HARDSHIP. IN 2024, THE ADMIRAL PROVIDED OVER $193,000 IN DIRECT FINANCIAL SUPPORT AND SUBSIDY FOR ROOM AND BOARD, MEDICAL EXPENSES, AND STIPENDS, AND CONTINUED TO HONOR ITS COMMITMENTS TO COVER CERTAIN MEDICAL AND RELATED COSTS FOR QUALIFYING RESIDENTS UNDER LEGACY CONTRACTS.THE ADMIRAL'S MISSION EXTENDS BEYOND ITS WALLS TO THE BROADER CHICAGO COMMUNITY. IN 2024, THE ADMIRAL HOSTED LUNCHEONS FOR MORE THAN 100 STUDENTS AND TEACHERS FROM GOUDY SCHOOL AND PARTNERED WITH ST. IGNATIUS COLLEGE PREP TO CREATE INTERGENERATIONAL TUTORING OPPORTUNITIES WITH RESIDENTS. THE COMMUNITY SERVED AS A POLLING LOCATION FOR THE CHICAGO BOARD OF ELECTIONS AND REGULARLY OPENED ITS SPACES TO LOCAL GROUPS AND ORGANIZATIONS. RESIDENTS AND STAFF COLLECTIVELY CONTRIBUTED THOUSANDS OF VOLUNTEER HOURS TO LOCAL CAUSES, INCLUDING READING TO ELEMENTARY STUDENTS AND RAISING FUNDS FOR THE ALZHEIMER'S ASSOCIATION THROUGH THE WALK TO END ALZHEIMER'S. THE ADMIRAL ALSO SPEARHEADED NEIGHBORHOOD SUPPORT EFFORTS, INCLUDING SNOW REMOVAL IN SHARED ALLEYWAYS AND SIDEWALKS, AND ORGANIZED MULTIPLE COLLECTION DRIVES THROUGHOUT THE YEAR. A WINTER WEAR DRIVE DONATED MORE THAN 250 ITEMS OF CLOTHING TO CORNERSTONE COMMUNITY OUTREACH, WHILE THE QUARTERLY "TRASH TO TREASURE" PROGRAM ENCOURAGED REUSE AND CHARITABLE GIVING AMONG RESIDENTS AND STAFF.AS AN ACTIVE MEMBER OF THE UPTOWN AND EDGEWATER BUSINESS AND COMMUNITY ASSOCIATIONS, THE ADMIRAL PROVIDES SPACE FOR EDUCATIONAL AND NETWORKING EVENTS AND PROUDLY SUPPORTS UPTOWN PRIDE ACTIVITIES, UNDERSCORING ITS COMMITMENT TO INCLUSIVITY AND CIVIC ENGAGEMENT. THROUGH THESE EFFORTS, THE ADMIRAL AT THE LAKE CONTINUES TO SERVE AS A VITAL COMMUNITY RESOURCE AND FULFILL ITS MISSION TO ENHANCE THE LIVES OF OLDER ADULTS WHILE ENRICHING THE BROADER NEIGHBORHOOD IT CALLS HOME. 26444421 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 43 0 244 1 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X NADIA GEIGLER 7734331800 929 WEST FOSTER AVE CHICAGO IL 60640 KIM BOIKE CHAIR 2.00 X 0 0 0 SHARI DAW VICE CHAIR 2.00 X 0 0 0 CAROL WETMORE TREASURER 2.00 X 0 0 0 JUSTIN BHANDARI SECRETARY 2.00 X 0 0 0 KATE BENSEN BOARD MEMBER 1.00 X 0 0 0 CHRIS BRAIER BOARD MEMBER 1.00 X 0 0 0 NED BUDD BOARD MEMBER 1.00 X 0 0 0 TOYA CAMPBELL BOARD MEMBER 1.00 X 0 0 0 NICK FARMER BOARD MEMBER 1.00 X 0 0 0 JON HOWE BOARD MEMBER 1.00 X 0 0 0 LAURA MCKEE BOARD MEMBER 1.00 X 0 0 0 NAOKO MURAMATSU BOARD MEMBER 1.00 X 0 0 0 JORDAN SHIELDS BOARD MEMBER 1.00 X 0 0 0 TONI SMITH BOARD MEMBER 1.00 X 0 0 0 JACKIE TAYLOR BOARD MEMBER 1.00 X 0 0 0 FRED WACKERLE BOARD MEMBER 1.00 X 0 0 0 NADIA N GEIGLER CEO 40.00 2.00 X 348732 0 3424 RICHARD ZIELINSKI CFO 40.00 2.00 X 228864 0 4982 ERIKA KEEGAN COO 32.00 X 158388 0 1835 KATHLEEN OBRIEN DIRECTOR OF MARKETING 40.00 X 145820 0 3362 SARA M VARGHESE ASSISTANT DIRECTOR OF NURS 40.00 X 114751 0 3588 BRITTANY G VIPHAM DIR. OF PROJECT MANAGEMENT 40.00 X 118871 0 2032 MARY BETH LUTJEN DIRECTOR OF CULINARY SERVICES 40.00 X 108829 0 2751 LINDA VESTRAND DIRECTOR OF HR 40.00 X 146446 0 3612 CHAIM DUBOVICK DIRECTOR OF HEALTH SERVICES (FORMER) 40.00 X 117030 0 3578 1487731 0 29164 9 1 1 0 CR IMPROVEMENTS 4130 DOWNERS DRIVE DOWNERS GROVE IL 60515 CONSTRUCTION SERVICES 1614704 GORDON FOOD PO BOX 88029 CHICAGO IL 60680 FOOD 509591 VCPI DAS HEALTH 1000 N ASHLEY DR TAMPA FL 33602 IT SERVICES 473991 EPIC BUILDING 1373 W POPLAR ST PALATINE IL 60067 CONSTRUCTION SERVICES 426097 CLIFTONLARSON PO BOX 775967 CHICAGO IL 60677 ACCOUNTING RELATED SERVICES 373589 5 382221 1671319 304486 2358026 RESIDENT FEES FOR SERVICES 623000 12743634 12743634 HEALTH CENTER FEES 623000 8543867 8543867 AMORTIZATION OF DEFERRED REVENUE 623000 3511079 3511079 ADDITIONAL RESIDENT FOOD SERVICES 722513 339090 339090 25137670 680507 680507 49973 0 49973 49973 49973 1229357 1131823 97534 97534 97534 TRANSPORTATION SERVICES 485000 118247 118247 RESIDENT GUEST SERVICES 721000 44505 44505 347635 347635 510387 28834097 25137670 0 1338401 197818 197818 1487731 1487731 8174500 7478239 696261 1345644 35261 1310383 688842 544003 144839 43632 43632 429171 429171 1601162 830777 770385 521212 521212 253838 118687 135151 542446 55374 487072 1093610 1093610 14856 1027 13829 38126 5601 32525 7483903 7483903 5521728 5521728 193308 193308 FOOD COSTS 1232402 1232402 PURCHASED SERVICES 643410 643410 SUPPLIES AND INVENTORY 475594 475594 OTHER EXPENSES 365700 348407 17293 396122 378580 17542 32744755 26444421 6300334 0 5146209 6721863 1222223 3143040 234295 299733 162223755 58714648 104901218 103509107 23038249 23932098 2036934 2158516 136579128 139764357 2995741 3768022 134239984 143330823 139812206 138046404 18639164 6555236 295687095 291700485 X -160769817 -153732747 1661850 1796619 -159107967 -151936128 136579128 139764357 X -3910658 170347 6002291 4909859 X X 0 1 X 1 0 X 906324 1319680 781980 569842 304486 3882312 20419866 20556441 22992471 23035315 25697998 112702091 21326190 21876121 23774451 23605157 26002484 116584403 532444 593690 473324 315103 382221 2296782 0 532444 593690 473324 315103 382221 2296782 114287621 462603 295827 328510 816095 948388 2851423 462603 295827 328510 816095 948388 2851423 400500 301197 323650 307870 406265 1739482 22189293 22473145 24426611 24729122 27357137 121175308 0.94320 0.94420 0.02350 0.02150 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER AUXILIARY SERVICES - 2020 AMOUNT: $ 233,726. 2021 AMOUNT: $ 149,775. 2022 AMOUNT: $ 164,582. 2023 AMOUNT: $ 134,707. 2024 AMOUNT: $ 213,650. TRANSPORTATION SERVICES - 2020 AMOUNT: $ 97,722. 2021 AMOUNT: $ 100,722. 2022 AMOUNT: $ 108,080. 2023 AMOUNT: $ 110,426. 2024 AMOUNT: $ 118,247. NON-RESIDENT FOOD SERVICES - 2020 AMOUNT: $ 62,452. 2021 AMOUNT: $ 23,950. 2022 AMOUNT: $ 22,263. 2023 AMOUNT: $ 31,237. 2024 AMOUNT: $ 29,863. RESIDENT GUEST SERVICES - 2020 AMOUNT: $ 6,600. 2021 AMOUNT: $ 26,750. 2022 AMOUNT: $ 28,725. 2023 AMOUNT: $ 31,500. 2024 AMOUNT: $ 44,505. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 429674 429674 156206588 56953208 99253380 5506981 1732083 3774898 80512 29357 51155 103509107 DUE TO AFFILIATES 6391737 ACCRUED PENSION PLAN LIABILITY 39516 REFUNDABLE RESERVATION DEPOSITS 123983 6555236 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. 1 FINANCIAL ASSISTANCE TO RESIDENTS 197818 THE ADMIRAL PROVIDES FINANCIAL ASSISTANCE TO THOSE RESIDENTS IN NEED AND IN CONFORMANCE WITH THE RESIDENCY AGREEMENT. PART I, LINE 2: THE ADMIRAL APPLIES ALL GRANTS OR ASSISTANCE PAYMENTS DIRECTLY TO RESIDENT'S ACCOUNTS, NO FUNDS ARE PAID DIRECTLY TO RESIDENTS AND AS SUCH THE ADMIRAL IS ABLE TO ENSURE ALL FUNDS ARE USED FOR THEIR INTENDED PURPOSE. ASSISTANCE DURING THE 2024 TAX YEAR CONSISTED OF ROOM AND BOARD SUBSIDIES FOR THE ADMIRAL RESIDENTS. X X X X 0 0 0 0 0 0 0 1 0 NADIA N GEIGLER CEO 292384 0 56228 0 120 0 0 0 3424 0 352156 0 0 0 RICHARD ZIELINSKI CFO 221744 0 7000 0 120 0 0 0 4982 0 233846 0 0 0 ERIKA KEEGAN COO 154280 0 4000 0 108 0 0 0 1835 0 160223 0 0 0 LINDA VESTRAND DIRECTOR OF HR 142170 0 4000 0 276 0 0 0 3612 0 150058 0 0 0 CHAIM DUBOVICK DIRECTOR OF HEALTH SERVICES (FORMER) 110002 0 7000 0 28 0 0 0 3578 0 120608 0 0 0 PART I, LINE 7 ANY BONUS PAID TO EMPLOYEES OTHER THAN THE CEO, ARE NON-FIXED PAYMENTS. THE CEO, CFO AND HUMAN RESOURCE GROUP EVALUATE THE AVAILABLE RESOURCES OF THE ORGANIZATION, AN INDIVIDUAL'S PERFORMANCE AND THEIR LENGTH OF SERVICE TO DETERMINE A BONUS THAT IS REASONABLE AS COMPARED TO THOSE FACTORS. THE CFO RECUSES THEMSELVES FROM THE EVALUATION OF THEIR OWN BONUS. THE FOLLOWING INDIVIDUALS RECEIVED A NON-FIXED PAYMENT BONUS AS DESCRIBED ABOVE IN 2024; THE BONUS WAS INCLUDED IN W-2 WAGES: NADIA N. GEIGLER,CEO - $56,228 RICHARD ZIELINSKI,CFO - $7,000 CHAIM DUBOVICK,DIRECTOR OF HEALTH SERVICES (PREVIOUS) - $7,000 KATHLEEN OBRIEN,DIRECTOR OF MARKETING - $39,800 ANGELA JALLOH,DIRECTOR OF NURSING (PREVIOUS)- $2,000 SARA M. VARGHESE,ASSISTANT DIRECTOR OF NURSING - $1,369.47 BRITTANY G. VIPHAM,DIR. OF PROJECT MANAGEMENT - $11,082 MARY BETH LUTJEN,DIRECTOR OF CULINARY SERVICES - $4,000 LINDA VESTRAND,DIRECTOR OF HR - $4,000 ERIKA KEEGAN,COO - $4,000 CHANTILE CHINE,DIRECTOR OF NURSING - $833.33 HELEN DITTMER,DIRECTOR OF HEALTH SERVICES - $666.67 A ILLINOIS FINANCE AUTHORITY 861091967 45204EC55 2017-12-28 148520491 1. REFUND THE 2010 BONDS; 2. CAPITAL EXPENDITURES 0 0 0 A 10589640 148520491 2755343 2600000 143165148 2020 0 1 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2024 FORM 990, PART VI, SECTION A, LINE 1A THE MEMBERS OF THE EXECUTIVE COMMITTEE WILL BE THE CHAIR, THE VICE CHAIR, THE SECRETARY, THE TREASURER, AND SUCH OTHER BOARD DIRECTORS AS THE BOARD MAY APPOINT TO THE COMMITTEE. THE EXECUTIVE COMMITTEE WILL POSSESS AND MAY EXERCISE ANY AND ALL POWERS OF THE BOARD IN THE MANAGEMENT AND AFFAIRS OF THE ADMIRAL SUBJECT TO THE PARAMOUNT AUTHORITY OF THE FULL BOARD. THE EXECUTIVE COMMITTEE WILL NOT HAVE THE POWER OR AUTHORITY OF THE BOARD TO ENGAGE IN THE FOLLOWING: 1. AUTHORIZE DISTRIBUTIONS TO MEMBERS, BOARD DIRECTORS, OFFICERS, AGENTS OR EMPLOYEES EXCEPT IN EXCHANGE FOR VALUE RECEIVED; 2. APPROVE THE DISSOLUTION OR MERGER OF THE ADMIRAL, OR THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ADMIRAL'S ASSETS; 3. ELECT, APPOINT OR REMOVE BOARD DIRECTORS OR FILL VACANCIES ON THE BOARD OR ON ANY OF ITS COMMITTEES; OR 4. ADOPT, AMEND OR REPEAL THE ARTICLES OR THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 4 REVISED BYLAWS WERE ADOPTED IN 2023 IN CONNECTION WITH THE ADMIRAL AT THE LAKE'S DISAFFILIATION FROM THE KENDAL CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED FOR ACCURACY AND COMPLETENESS BY THE CEO, CFO, AND THE FINANCE COMMITTEE. A COPY OF THE FORM 990 IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO READ AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY RELATED PARTY TRANSACTIONS PRIOR TO ENGAGING IN SAID TRANSACTIONS, AND ARE REQUIRED TO DISCLOSE ANY RELATED PARTY TRANSACTIONS ANNUALLY AS PART OF THE ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE RESPONSES ARE REVIEWED BY THE CEO AND BOARD CHAIR. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND MAY BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND COMMITTEE MEMBERS WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON SHALL THEN BE EXCUSED FROM THE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF TRUSTEES OR DESIGNATED COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE ADMIRAL, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE CEO AND BOARD CHAIR MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY FOR THE BOARD. THE CORPORATE COMPLIANCE COMMITTEE MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY FOR EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE COMPARES THE CEO'S COMPENSATION TO INDUSTRY AND COMPETITOR STANDARDS. THE COMMITTEE THEN DECIDES IF THE CEO'S COMPENSATION IS REASONABLE AND CONSISTENT. THE DELIBERATION IS TIMELY DOCUMENTED IN THE THE ADMIRAL AT THE LAKE COMMITTEE MINUTES. THE FINAL APPROVED DECISION IS TIMELY DOCUMENTED VIA EMAIL DIRECTLY TO THE CEO AND CFO FROM THE BOARD CHAIR. THE CEO'S COMPENSATION WAS LAST REVIEWED IN DECEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FSO ADJUSTMENT 4,596,141. NET PERIODIC PENSION GAIN 32,160. VALUATION CHANGE IN ASSETS HELD IN TRUST 134,769. PENSION-RELATED GAIN NOT IN PERIODIC PENSION COST 146,789. FORM 990. PART XII, LINE 2C NO CHANGES FROM PRIOR YEAR FORM 990. PART XI, LINE 8 ADJUST PRIOR YEAR PENSION LIABILITY 721,810 ADJUST PRIOR YEAR CHARITY CARE FOR RESIDENT REFUND REDUCTION -46,305 PRIOR YEAR ENTRANCE FEE AMORTIZATION INCOME ADJUSTMENT 248,112 PRIOR YEAR ENTRANCE FEE AMORTIZATION INCOME ADJUSTMENT 657,157 PRIOR YEAR FUTURE SERVICE OBLIGATION ADJUSTMENT 4,881,829 PRIOR YEARS FUTURE SERVICE OBLIGATION ADJUSTMENT 2,679,207 PRIOR YEAR FORGIVENESS OF DEVELOPMENT FEE FROM KENDAL CORP 2,000,000 2023 ALLOWANCE ADJUSTMENT -122,158 PRIOR YEARS LSA ADJUSTMENT -1,225,633 OTHER ADJUSTMENTS -3,791,728 THESE CHANGES ENSURE TRANSPARENCY AND COMPLIANCE WITH IRS REPORTING STANDARDS. THE ADMIRAL AT THE LAKE FOUNDATION 929 WEST FOSTER AVE CHICAGO IL 60640 204057278 PROVIDING FINANCIAL SUPPORT FOR RELATED TAX EXEMPT ORGANIZATIONS IL 501(C)(3) LINE 12A, I THE ADMIRAL AT THE LAKE 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 THE ADMIRAL AT THE LAKE FOUNDATION C 382221 CASH