2025-03-05T13:30:45-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-07-01 825494819 CHESTNUT HEALTH QALICB INC CHES 3098276026 1003 MARTIN LUTHER KING DRIVE BLOOMINGTON IL 61701 KAREN RETTICK TREASURER 3098276026 2025-02-21 1 1 SAMUEL A CIGELNIK P00324762 3096714500 2025-02-21 2023 2025-03-06 01:10:19Z DAVID A SHARAR 1003 MARTIN LUTHER KING DRIVE BLOOMINGTON IL 61701 362950 0 X N/A X 2018 IL TO OPERATE, AS A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CHESTNUT HEALTH SYSTEMS, INC. 5 2 0 0 0 0 0 0 0 0 0 0 352400 362950 352400 362950 0 0 0 0 0 0 0 0 0 609962 619042 609962 619042 -257562 -256092 6500063 6249522 7699843 7705394 -1199780 -1455872 CHESTNUT HEALTH QALICB, INC IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF CHESTNUT HEALTH SYSTEMS, INC. CHESTNUT HEALTH QALICB, INC'S PURPOSE IS TO HOLD, IMPROVE, AND LEASE REAL PROPERTY TO CHESTNUT HEALTH SYSTEMS, INC. IN FURTHERANCE OF ITS EXEMPT PURPOSE. 0 0 614027 362950 BUILDING LEASE TO CHESTNUT HEALTH SYSTEMS, INC. 614027 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 IL X KAREN RETTICK 3098276026 1003 MARTIN LUTHER KING DRIVE BLOOMINGTON IL 61701 DAVID SHARAR CHAIR OF THE BOARD 1.00 40.00 X X 0 363716 138688 PUNEET LEEKHA VICE-CHAIR OF THE BOARD 1.00 40.00 X X 0 334005 87452 KAREN RETTICK TREASURER 1.00 40.00 X X 0 249971 70865 ALAN SENDER SECRETARY 1.00 X X 0 0 0 AARON QUICK DIRECTOR 1.00 X 0 0 0 0 947692 297005 0 0 1 0 0 362950 0 362950 362950 362950 362950 362950 0 0 5000 5000 15 15 83662 83662 254288 254288 256077 256077 LOAN SERVICING FEES 20000 20000 619042 614027 5015 0 14823 14808 7515789 1281075 6485240 6234714 6500063 6249522 7699843 7705394 7699843 7705394 X -1199780 -1455872 -1199780 -1455872 6500063 6249522 -256092 0 X X 0 1 X 1 0 X X X 1 CHESTNUT HEALTH SYSTEMS INC 370964629 7 1 254288 0 1 254288 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 7515789 1281075 6234714 6234714 X PART X, LINE 2: CHESTNUT HAS RECEIVED A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT CHESTNUT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE IRC AND IS EXEMPT FROM FEDERAL INCOME TAXES. AS SUCH, CHESTNUT IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE IRC. CHESTNUT FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO ORGANIZATIONS INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX-EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY AS OF JUNE 30, 2024 AND 2023. 0 1 0 0 0 0 0 0 0 DAVID SHARAR CHAIR OF THE BOARD 0 337552 0 20143 0 6021 0 115000 0 23688 0 502404 0 0 PUNEET LEEKHA VICE-CHAIR OF THE BOARD 0 280914 0 13890 0 39201 0 46175 0 41277 0 421457 0 0 KAREN RETTICK TREASURER 0 234089 0 15141 0 741 0 47177 0 23688 0 320836 0 0 PART I, LINE 4B 457(F) PLAN PAYMENTS: DAVID SHARAR: $100,000 PUNEET LEEKHA: $35,000 KAREN RETTICK: $35,000 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS AN ANNUAL BOARD MEETING. CONTEMPORANEOUS MINUTES OF THE ANNUAL MEETING ARE MAINTAINED BY THE ORGANIZATION. THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER OF THE BOARD WILL REVIEW THE 990 AND REPORT TO THE BOARD PRIOR TO THE FILING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR EACH MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED TO EXECUTE A "CONFLICT OF INTEREST STATEMENT AND EACH MEMBER OF THE EXECUTIVE LEADERSHIP COUNCIL IS REQUIRED TO EXECUTE AN "ANNUAL POTENTIAL CONFLICT OF INTEREST DISCLOSURE STATEMENT." FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST AT ITS OFFICES DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. CHESTNUT HEALTH SYSTEMS INC 1003 MARTIN LUTHER KING DRIVE BLOOMINGTON IL 61701 370964629 HEALTHCARE IL 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 CHESTNUT HEALTH SYSTEMS INC J 362950 CASH CHESTNUT HEALTH SYSTEMS INC P 254288 CASH