2025-02-18T15:22:40-06:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-04-01 203300991 FRIENDSHIP VILLAGE OF MILL CREEK NFP FRIE 5152885805 3501 OLYMPUS BLVD 300 DALLAS TX 75019 NICK HARSHFIELD SVP, CFO & TREASURER 5152885805 2025-02-14 1 0 CHAD D KUNZE CPA P00639380 6305738600 2025-02-14 2023 2025-03-06 01:10:19Z X GREENFIELDS OF GENEVA JESSE JANTZEN 3501 OLYMPUS BLVD 300 DALLAS TX 75019 23065784 0 X WWW.GREENFIELDSOFGENEVA.ORG X 2005 TX CREATE COMMUNITIES CELEBRATING THE LIVES OF SENIORS 3 0 199 1 0 0 3000000 0 18529159 22553864 104237 511920 34583 0 21667979 23065784 189483 118192 0 0 7540856 8102366 0 0 0 17721684 23020517 25452023 31241075 -3784044 -8175291 120122413 122638163 118606073 129138269 1516340 -6500106 X CREATING COMMUNITIES CELEBRATING THE LIVES OF SENIORS. LIFESPACE RECOGNIZES THAT ITS MISSION CAN ONLY BE FULFILLED THROUGH THE DEDICATION EFFORTS OF ITS EMPLOYEES, THEREFORE, INCLUDED IN OUR MISSION IS THE ABILITY TO PROVIDE DISASTER RELIEF FUNDS TO EMPLOYEES WHO ENCOUNTER CIRCUMSTANCES RECOGNIZED BY FEDERAL AND STATE AGENCIES AS QUALIFYING FOR EMERGENCY DISASTER RELIEF. 0 0 28852678 118192 22553864 TO PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO USE OF THE COMMUNTIY FOR LIFE AND UNLIMTED USE OF THE HEALTH CENTER. RESIDENTS DO NOT ACQUIRE TITLE TO THE PROPERTY. 28852678 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 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 0 0 0 1 0 0 199 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X JULIE LANGBEIN CONTROLLER 5152885805 3501 OLYMPUS BLVD DALAAS TX 75019 BRIAN ROBBINS COO & SECRETARY 2.00 42.00 X X 0 485799 38876 JESSE JANTZEN CEO, PRESIDENT & CHAIR 2.00 42.00 X X 0 1372900 42832 NICHOLAS HARSHFIELD CFO, SVP & TREASURER 2.00 42.00 X X 0 952088 55588 0 2810787 137296 0 0 1 0 UNIDINE CORPORATION PO BOX 102289 ATLANTA GA 30368 DIETARY SERVICES 2227445 KARE TECHNOLOGIES LLC PO BOX 4738 HOUSTON TX 772104738 SOFTWARE SERVICES 657579 SYMBRIA REHAB INC 28100 TORCH PARKWAY STE 600 WARRENVILLE IL 60555 THERAPY SERVICES 562764 FIRST PRIORITY RESTORATION 390 SCARLET BLVD OLDSMAR FL 34677 CONSTRUCTION SERVICES 332047 SYMBRIA RX SERVICES 28100 TORCH PARKWAY STE 600 WARRENVILLE IL 60555 PHARMACY SERVICES 307569 11 HEALTH CENTER 623000 11241011 11241011 INDEPENDENT LIVING 531110 7813690 7813690 ENTRANCE FEES 531110 3499163 3499163 22553864 511920 511920 23065784 22553864 0 511920 118192 118192 6350066 5080053 1270013 99496 79597 19899 1154769 923815 230954 498035 398428 99607 1295778 1230989 64789 -31043 -31043 204982 204982 456375 365100 91275 4058 4058 887933 887933 41966 33573 8393 4921245 4921245 7358822 6990881 367941 465951 456632 9319 DIETARY 3132088 3132088 OTHER GENERAL AND ADMIN 2216262 2216262 PLANT OPERATIONS 880239 880239 MEDICAL AND OTHER RESID 549578 549578 636283 588073 48210 31241075 28852678 2388397 0 2028 345696 2855014 1596 1145097 1330292 10558 10558 113822 190847 94795849 3464066 92809156 91331783 10396817 12776048 12789921 16651343 120122413 122638163 3842064 5670689 54905000 66431247 10115000 49744009 57036333 118606073 129138269 X 1516340 -6500106 1516340 -6500106 120122413 122638163 -8175291 158845 0 X X 0 1 X 1 0 X 61329 1 3000000 3061330 17764766 18164193 18693641 18529159 22553864 95705623 17764766 18225522 18693642 21529159 22553864 98766953 0 0 0 98766953 330202 215158 173784 104237 511920 1335301 330202 215158 173784 104237 511920 1335301 55497 1340111 166290 34583 1596481 18150465 19780791 19033716 21667979 23065784 101698735 0.97120 0.97050 0.01310 0.01120 X 0 1 X 6525000 6525000 87458892 3184047 84274845 811957 280019 531938 91331783 OPERATING RESERVE FUND 520052 DEBT SERVICE FUND 5681654 RENEWAL & REPLACEMENT FUND 108481 PRINCIPAL FUND 322526 INTEREST FUND 1938373 REAL ESTATE ESCROW 837 CONSTRUCTION FUND 563289 LIQUIDITY SUPPORT FUND 5044751 FSO BONDS TRUST FUND ERC 2447112 DUE FROM RELATED PARTY 24268 16651343 DUE TO RELATED PARTY 787491 ENTRANCE FEE DEPOSITS 503294 REFUNDABLE ENTRANCE FEES 36287750 DEBT SERVICE RESERVE LIABILITY 5248753 DEFERRED REVENUE NON REFUNDABLE ATTRITION 15935847 DEFERRED REVENUE NON REFUNDABLE ATTRITION ACCUM AMORT -1726802 57036333 X 23874000 158844 649372 808216 23065784 0 23065784 31891000 0 31891000 -649925 -649925 31241075 PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS THE ORGANIZATION REQUIRES FUTURE RESIDENTS WISHING TO RESERVE SPACE AT THE COMMUNITY TO PAY A DEPOSIT OF $15,000 OF THE ADVANCE FEE WHICH WILL BE REQUIRED UPON RESIDENCY. THE DEPOSITS ARE HELD IN AN INTEREST-BEARING ACCOUNT UNTIL RESIDENCY IS ESTABLISHED AT WHICH TIME THE RESIDENT PAYS THE BALANCE OF THE REQUIRED ENTRANCE FEE. THE RESIDENT'S DEPOSIT IS RESTRICTED BY THE TEXAS DEPARTMENT OF INSURANCE UNTIL THE RESIDENT TAKES OCCUPANCY OF AN APARTMENT. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT CORPORATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES REPORTED INCOME 767,546. HARDSHIPS -118,192. ROUNDING 18. PART XII, LINE 4B - OTHER ADJUSTMENTS: HARDSHIP ASSISTANCE 118,192. EXPENSES REPORTED INCOME -767,564. ROUNDING -553. 1 HARDSHIP ASSISTANCE - REDUCTION OF FEES 8 0 118192 FAIR MARKET VALUE OF REDUCTION FEE RESIDENTS DO FROM TIME TO TIME SEEK FINANCIAL ASSISTANCE BY REQUESTING ASSISTANCE WITH THE MONTHLY FEE. SINCE THESE RESIDENTS HAVE SIGNED A LIFE CARE CONTRACT, THE ORGANIZATION IS OBLIGATED TO LET THEM CONTINUE TO LIVE IN THE COMMUNITY. MANAGEMENT SHALL REVIEW CRITERIA TO DETERMINE WHETHER THE RESIDENT IS A CANDIDIATE TO RECEIVE A HARDSHIP DISCOUNT. IF THE RESIDENT QUALIFIES FOR A HARDSHIP DISCOUNT, THE DISCOUNT WILL BEGIN TO BE DEDUCTED FROM THE MONTHLY FEES. PART I, LINE 2: THE ORGANIZATION CAN EASILY MONITOR THE USE OF THE GRANTS TO INDIVIDUALS BECAUSE THE GRANTS ARE SIMPLY REDUCTIONS OF THE MONTHLY FEES AND ENTRANCE FEES THAT THE RESIDENTS WOULD OWE IF THE HARDSHIP ASSISTANCE WAS NOT GRANTED. X X X X X 0 0 0 1 1 1 1 0 0 JESSE JANTZEN CEO, PRESIDENT & CHAIR 0 712577 0 515666 0 144657 0 30250 0 12582 0 1415732 0 0 NICHOLAS HARSHFIELD CFO, SVP & TREASURER 0 443305 0 263761 0 245022 0 46916 0 8672 0 1007676 0 0 BRIAN ROBBINS COO & SECRETARY 0 387304 0 0 0 98495 0 30946 0 7930 0 524675 0 0 PART I, LINE 5 THE LONG-TERM INCENTIVE PLAN HAS A CONTINGENCY FOR THE CMW PORTFOLIO TO REACH 7% OF THE NET OPERATING MARGIN; THE SHORT-TERM INCENTIVE PLAN IS CONTINGENT ON NET CASH PRODUCTION GOALS, NET ENTRANCE FEE GOALS AND NET OPERATING MARGIN GOALS THAT ARE SET. THE LONG-TERM INCENTIVE PLAN HAS A CONTINGENCY FOR THE CMW PORTFOLIO TO REACH 7% OF THE NET OPERATING MARGIN; THE SHORT-TERM INCENTIVE PLAN IS CONTINGENT ON NET CASH PRODUCTION GOALS, NET ENTRANCE FEE GOALS AND NET OPERATING MARGIN GOALS THAT ARE SET. PART I, LINE 6 THE LONG-TERM INCENTIVE PLAN HAS A CONTINGENCY FOR THE CMW PORTFOLIO TO REACH 7% OF THE NET OPERATING MARGIN; THE SHORT-TERM INCENTIVE PLAN IS CONTINGENT ON NET CASH PRODUCTION GOALS, NET ENTRANCE FEE GOALS AND NET OPERATING MARGIN GOALS THAT ARE SET. THE LONG-TERM INCENTIVE PLAN HAS A CONTINGENCY FOR THE CMW PORTFOLIO TO REACH 7% OF THE NET OPERATING MARGIN; THE SHORT-TERM INCENTIVE PLAN IS CONTINGENT ON NET CASH PRODUCTION GOALS, NET ENTRANCE FEE GOALS AND NET OPERATING MARGIN GOALS THAT ARE SET. A ILLINOIS FINANCE AUTHORITY 861091967 45204EZC5 2017-11-17 10000000 REFUND PRIOR BONDS 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45204EZD3 2017-11-17 55000000 REFUND PRIOR BONDS 0 0 0 A 820000 10000000 990836 192005 399265 8417894 2017 1 0 1 1 B 2615000 55000000 5449596 1056028 2195958 46298418 2017 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/28/2022 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/28/2022 FORM 990, PART VI, SECTION A, LINE 1A THE BYLAWS OF THE ORGANIZATION PROVIDE FOR AN EXECUTIVE COMMITTEE, BUT AT THIS TIME THE COMMITTEE IS NOT ACTIVE. IF THE COMMITTEE DOES COMMENCE MEETINGS, IT WILL CONTEMPORANEOUSLY DOCUMENT MEETINGS HELD AND WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR CONSISTENT WITH EXISTING PRACTICES OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD, THE IMMEDIATE PAST CHAIR OF THE BOARD, THE CHAIR OF THE GOVERNANCE AND NOMINATING COMMITTEE AND, AS AN EX-OFFICIO MEMBER, THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. EXCEPT AS LIMITED HEREIN, AND EXCEPT FOR RESPONSIBILITIES DELEGATED TO ANOTHER COMMITTEE, THE EXECUTIVE COMMITTEE SHALL POSSESS AND MAY EXERCISE ALL OF THE POWERS OF THE BOARD OF DIRECTORS IN THE OVERSIGHT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, EXCEPT AS HEREIN PROVIDED. THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE POWERS OF THE BOARD OF DIRECTORS WITH RESPECT TO AUTHORIZING DISTRIBUTIONS; APPROVING DISSOLUTION, MERGER, OR THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; ELECTING, APPOINTING, OR REMOVING DIRECTORS OR FILLING VACANCIES ON THE BOARD OF DIRECTORS OR ON ANY OF ITS COMMITTEES; OR ADOPTING, AMENDING, REPEALING THE ARTICLES OF INCORPORATION OR THE BYLAWS, OR THE APPOINTMENT OR REMOVAL OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE PRIMARY PURPOSE OF THE COMMITTEE IS TO ENABLE THE BOARD OF DIRECTORS TO ACT WHERE AN ASSEMBLY OF A QUORUM OF THE BOARD WOULD BE IMPRACTICABLE OR IMPOSSIBLE. THE COMMITTEE ALSO SHALL SERVE AS AN ADVISOR TO THE PRESIDENT AND CEO, PROVIDING CONSULTATION, SUPPORT AND GUIDANCE ON AN INFORMAL BASIS AS REQUESTED FROM TIME TO TIME, AND REVIEW AND APPROVE BOARD MEETING AGENDAS. FORM 990, PART VI, SECTION A, LINE 6 LIFESPACE COMMUNITIES, INC. IS THE SOLE MEMBER OF FRIENDSHIP VILLAGE OF MILL CREEK, NFP FORM 990, PART VI, SECTION A, LINE 7A LIFESPACE COMMUNITIES, INC. HAS THE AUTHORITY TO ELECT THE MEMBERS OF THE GOVERNING BODY OF FRIENDSHIP VILLAGE OF MILL CREEK, NFP. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS OF LIFESPACE COMMUNITIES, INC. HAS RESERVED POWERS OVER CERTAIN GOVERNANCE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PERFORMS A THOROUGH REVIEW OF THE FORM 990. A COPY OF THE FORM 990 WILL BE DISTRIBUTED OT THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. MEMBERS OF THE BOARD OF DIRECTORS DIRECT ANY QUESTIONS OR CONCERNS TO THE VHIEF FINANCIAL OFFICER TO BE RESOLVED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS OF FRIENDSHIP VILLAGE OF MILL CREEK, NFP. AND ALL RELATED ORGANIZATIONS MUST CONDUCT THEIR PERSONAL AFFAIRS IN SUCH A MANNER AS TO AVOID ANY POSSIBLE CONFLICTS OF INTEREST WITH DUTIES AND RESPONSIBILITIES AS OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS. ALL NEW BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICTS OF INTEREST STATEMENT. THIS IS REVIEWED BY THE GOVERNANCE & NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL. OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY ARE REQUIRED TO COMPLETE A CONFLICTS OF INTEREST STATEMENT. THESE STATEMENTS ARE REVIEWED BY THE GOVERNANCE AND NOMINATING COMMITTEE TO DETERMINE IF ANY CONFLICTS OF INTEREST EXIST PRIOR TO REAPPOINTMENT TO THE BOARD AND OFFICER POSITIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR DIRECTORS (INCLUDING THE OFFICER-DIRECTOR POSITIONS OF CHAIR AND VICE-CHAIR) IS REVIEWED ANNUALLY BY THE GOVERNANCE AND NOMINATING COMMITTEE. GENERALLY, AN OUTSIDE CONSULTANT IS RETAINED EVERY YEAR TO DETERMINE THE REASONABLENESS OF DIRECTOR COMPENSATION. A REPORT IS PROVIDED TO THE BOARD OF DIRECTORS BY THE CONSULTANT. THE BOARD OF DIRECTORS APPROVES THE ANNUAL COMPENSATION BASED ON THESE REVIEWS. COMPENSATION FOR EMPLOYEES WHO ARE DISQUALIFIED PERSONS UNDER INTERMEDIATE SANCTIONS REGULATION IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE DISQUALIFIED PERSONS INCLUDE THE CEO, THE CFO, THE SVP OF OPERATIONS, AND THE SVP OF SUCCESSFUL AGING AND HEALTH SERVICES. THE COMPENSATION COMMITTEE USES AN OUTSIDE, INDEPENDENT COMPENSATION CONSULTANT AT LEAST EVERY OTHER YEAR TO DETERMINE THE REASONABLENESS OF THE DISQUALIFIED PERSONS' COMPENSATION. THE COMPENSATION CONSULTANT PROVIDES A REPORT TO THE COMPENSATION COMMITTEE OF ITS MARKET COMPETITIVENESS REVIEW, FINDINGS, AND RECOMMENDATIONS, AND A LETTER STATING ITS ASSESSMENT OF THE REASONABLENESS OF COMPENSATION. IN YEARS WHEN THE COMPENSATION COMMITTEE DOES NOT USE AN OUTSIDE CONSULTANT, IT REVIEWS SURVEY INFORMATION TO DETERMINE THE REASONABLENESS OF COMPENSATION. THE COMPENSATION COMMITTEE RECOMMENDS TO THE BOARDS, AND THE BOARD OF DIRECTORS APPROVES THE ANNUAL COMPENSATION CHANGES BASED ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. THE SALARIES AND BENEFITS LISTED CONTAIN THE TOTAL SALARIES AND BENEFITS PAID TO EACH INDIVIDUAL THROUGH LIFESPACE COMMUNITIES, INC. AND ALL RELATED ENTITIES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS FROM THIRD PARTIES FOR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE REFERRED TO THE CHIEF FINANCIAL OFFICER. ANNUAL RETURNS AND THE APPLICATION FOR EXEMPTION ARE MADE AVAILABLE FOR THE PUBLIC INSPECTION AND ARE PROVIDED TO INDIVIDUALS WHO REQUEST THEM. COPIES ARE PROVIDED WITHIN 30 DAYS OF A WRITTEN REQUEST OR THE SAME DAY IF REQUESTED IN PERSON. FORM 990, PART XII, LINE 2C THE SELECTION OF AN INDEPENDENT ACCOUNTANT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BARTON CREEK SENIOR LIVING CENTER INC 3501 OLYMPUS BLVD DALLAS TX 75019 201203479 OPERATION OF RETIREMENT COMMUNITY TX 501(C)(3) LINE 10 LIFESPACE COMMUNITIES INC 0 LIFESPACE COMMUNITIES INC 3501 OLYMPUS BLVD DALLAS TX 75019 421068850 OPERATION OF RETIREMENT COMMUNITIES IA 501(C)(3) LINE 10 LIFESPACE INC 0 LIFESPACE INC 3501 OLYMPUS BLVD DALLAS TX 75019 273270337 OWNERSHIP & ADMINISTRATION OF RETIREMENT COMMUNITY PROPERTY IA 501(C)(3) LINE 12B, II LIFESPACE COMMUNITIES INC 0 NORTHWEST SENIOR HOUSING CORPORATION 3501 OLYMPUS BLVD DALLAS TX 75019 752771278 OPERATION OF RETIREMENT COMMUNITIES TX 501(C)(3) LINE 10 LIFESPACE COMMUNITIES INC 0 SENIOR QUALITY LIFESTYLES CORPORATION 3501 OLYMPUS BLVD DALLAS TX 75019 364502669 OPERATION OF RETIREMENT COMMUNITIES TX 501(C)(3) LINE 10 LIFESPACE COMMUNITIES INC 0 TARRANT COUNTY SENIOR LIVING CENTER INC 3501 OLYMPUS BLVD DALLAS TX 75019 208068602 OPERATION OF RETIREMENT COMMUNITIES TX 501(C)(3) LINE 10 LIFESPACE COMMUNITIES INC 0 THE LIFESPACE FOUNDATION 3501 OLYMPUS BLVD DALLAS TX 75019 421370848 SUPPORT OF RETIREMENT COMMUNITIES IA 501(C)(3) LINE 12A, I LIFESPACE INC 0 CRAIG AMARILLO LLC 3501 OLYMPUS BLVD DALLAS TX 75019 882122474 OPERATION OF RETIREMENT COMMUNITIES TX 501(C)(3) LINE 10 LIFESPACE COMMUNITIES INC 0 MEADOW LAKE LLC 3501 OLYMPUS BLVD DALLAS TX 75019 882146585 OPERATION OF RETIREMENT COMMUNITIES TX 501(C)(3) LINE 10 LIFESPACE COMMUNITIES INC 0 WESLEY COURT LLC 3501 OLYMPUS BLVD DALLAS TX 75019 882178567 OPERATION OF RETIREMENT COMMUNITIES TX 501(C)(3) LINE 10 LIFESPACE COMMUNITIES INC 0 SENIORITY INC 3501 OLYMPUS BLVD DALLAS TX 75019 943287180 OPERATION OF RETIREMENT COMMUNITIES TX C 0 PRAIRIE VIEW CLUB OF KANSAS 8101 MISSION RD PRAIRIE VILLAGE KS 66208 481159378 RESIDENT ENTERTAINMENT SERVICES KS C 0 0 1 0 0 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1