2025-11-11T16:53:12+00:00 2024-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-01-01 351393773 Retirement Living Inc RETI 3178759700 8140 Township Line Road Indianapolis IN 46260 Jake Cox Executive Director 2025-11-11 true JENNIFER BURKE P01342224 3128997000 2025-11-11 2024 2025-03-06 01:10:19Z Marquette Jake Cox 8140 Township Line Road Indianapolis IN 46260 52447683 false X www.marquetteseniorliving.org X 1979 IN RETIREMENT LIVING, INC. IS A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY, PROVIDING SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORING THEIR DIGNITY AND INDEPENDENCE. 14 14 433 200 0 180000 180000 34726786 37261406 992433 -703870 122759 5069 36021978 36742605 641985 651288 0 17680752 16532256 0 0 19254744 20128965 37577481 37312509 -1555503 -569904 137746850 141646873 112491654 113175955 25255196 28470918 X As a continuing care retirement community, the role of Retirement Living, Inc. is to provide a high quality continuum of care by serving the housing and human development needs of our residents. (continued in schedule O) false false 12741271 413579 11731017 HEALTH CARE CENTER: RETIREMENT LIVING, INC. HAS 57 LICENSED BEDS IN THE HEALTH CARE CENTER. THE ORGANIZATION PROVIDES PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND AN ACTIVITY PROGRAM TO MEET THE NEEDS OF THE RESIDENTS. THE HEALTH CARE CENTER ALSO FEATURES SKILLED AND COMPREHENSIVE CARE, 24-HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. RETIREMENT LIVING, INC. PROVIDES THE BENEFIT OF BENEVOLENT CARE TO ITS RESIDENTS, IN WHICH THE ORGANIZATION WILL SUBSIDIZE THE COST OF CARE FOR THE REMAINDER OF THE RESIDENT'S LIFE SHOULD A RESIDENT OUTLIVE THEIR FINANCIAL RESOURCES. IN 2024, THE RESIDENCE FEES ASSISTANCE PROVIDED TO RESIDENTS WAS $413,579. 10595725 9525962 ASSISTED LIVING/MEMORY CARE: RETIREMENT LIVING, INC. HAS 47 ASSISTED LIVING UNITS. THE ORGANIZATION PROVIDES THREE MEALS A DAY, PLUS SNACKS TO THE RESIDENTS IN THE ASSISTED LIVING UNITS. THE ORGANIZATION ALSO PROVIDES ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. IN ADDITION, THE ORGANIZATION OPERATES A 22 BED ASSISTED LIVING UNIT THAT PROVIDES SERVICES TO INDIVIDUALS WITH DEMENTIA. THIS UNIT OFFERS THE SAME AMENITIES AS THE OTHER ASSISTED LIVING UNITS, INCLUDING ASSISTANCE WITH DAILY LIVING ACTIVITIES, 24 HOUR SECURITY, HOUSEKEEPING AND MAINTENANCE SERVICES. 8208650 16004427 INDEPENDENT LIVING: RETIREMENT LIVING, INC. HAS 258 APARTMENTS AND 44 COTTAGES. THE ORGANIZATION PROVIDES MEALS 7 DAYS A WEEK, HOUSEKEEPING SERVICES TWICE A MONTH, AND MAINTENANCE AS NEEDED. THE ORGANIZATION ALSO PROVIDES SECURITY 24 HOURS A DAY. RETIREMENT LIVING, INC. HAS ACTIVITY PROGRAMS AS WELL AS OPPORTUNITIES FOR THE RESIDENTS TO VOLUNTEER IN THE HEALTH CARE CENTER, ASSISTED LIVING UNITS, ASSISTED LIVING FOR DEMENTIA, AND THE GIFT SHOP. 237709 237709 RETIREMENT LIVING, INC. PROVIDES SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORS THEIR DIGNITY AND INDEPENDENCE. THE ORGANIZATION ALSO SUPPORTS SENIORS IN THE COMMUNITY BY SUPPORTING ORGANIZATIONS THAT PROVIDE SERVICES TO SENIORS. IN 2024, THE ORGANIZATION GAVE $237,709 IN GRANTS TO ORGANIZATIONS TO SUPPORT LOCAL SENIORS. 237709 237709 31783355 true true false false false false false false false false true true false false true true true false false false false false false false false false false true true true true false false false false false false false false false false false false false false false false false false false false true 125 0 true 433 true false false false false false false false false false false false false X 14 14 false true false false false false false true true false false false true true true true true true false false false false IN X Jake Cox 3175246530 8140 TOWNSHIP LINE ROAD Indianapolis IN 46260 Constance Brown Treasurer 1.0 X X 7000 0 0 David Mallon Interim President 1.0 X X 9000 0 0 Kathy A Clark President (through April 30, 2024) 1.0 X X 4600 0 0 Nichole Wilson Vice President 1.0 X X 6700 0 0 Scott Hirschman Secretary 1.0 X X 6700 0 0 Camille Blunt Director 1.0 X 4200 0 0 Heather Bice Director 1.0 X 4900 0 0 Jack Mahoney Director 1.0 X 5300 0 0 Jeffrey Borgert Director 1.0 X 3600 0 0 Joe Breen Director 1.0 X 7400 0 0 Kevin Schaefer Director 1.0 X 4900 0 0 Kevin Scheid Director 1.0 X 3800 0 0 Nancy Lorenzano Director 1.0 X 0 0 0 Scott Prentice Director 1.0 X 2400 0 0 Wayne Turner Director (as of august 1, 2024) 1.0 X 700 0 0 Jeffrey Cox Jr Health Care Administrator 40.0 X 0 0 0 Tim Wetzell Executive Director (Begin April) 40.0 X 0 0 0 Alicia Taylor Director of Nursing 40.0 X 118992 0 33013 Andrea Ryan FINANCIAL SERVICES DIRECTOR 40.0 X 163093 0 19588 Heather Jones Marketing Director 40.0 X 129634 0 33064 Michael Hebenstreit Food and Beverage Director 40.0 X 119907 0 19876 Sara Green Residency Counselor 40.0 X 143469 0 34778 746295 0 140319 9 false true false LCS Holding Company LLC 400 Locust St Ste 820 Des Moines IA 50309 Construction 1613515 Wagner-Meinert LLC 7617 Freedom Way Fort Wayne IN 46818 Construction 945924 Select Rehabilitation Inc PO Box 71985 Chicago IL 60694 Therapy Services 941464 Electric Plus Inc 12 Amundson Ave Mount Vernon NY 10550 Electrical Engineering 806751 Alltech Renovations LLC 61 NE 1ST ST POMPANO BEACH FL 33060 Construction 591158 12 180000 180000 HEALTH CARE CENTER 623312 9562170 9562170 APARTMENTS 623312 13943917 13943917 RESIDENCE FEES 623312 6420331 6420331 ASSISTED LIVING 623312 4395464 4395464 ASSISTED LIVING - DEMENTIA 623312 2939524 2939524 0 0 0 0 37261406 1671528 1671528 0 0 13302085 0 12991708 2685775 310377 -2685775 -2375398 -2375398 0 24850 27595 -2745 -2745 VENDING INCOME 900099 7814 7814 0 0 0 0 7814 36742605 37261406 0 -698801 237709 237709 413579 413579 13905961 12249315 1656646 100024 73661 26363 1332573 951452 381121 1193698 1057146 136552 1009476 1009476 96233 96233 14327 14327 184128 184128 560069 287479 272590 0 462855 462855 145933 145933 469044 469044 2926517 2924614 1903 39076 10292 28784 2564106 2564106 6393605 6393605 330681 330681 FOOD 2448257 2448257 SUPPLIES 867466 840155 27311 UNIFORMS 81868 81868 ASSISTANCE 7371 6026 1345 1527953 1244091 283862 0 37312509 31783355 5529154 0 0 15318421 17463732 1791179 1549858 0 0 0 0 129355 144722 719599 854908 140172095 66487998 76574470 73684097 25917934 30211151 14510693 14750026 0 2785199 2988379 137746850 141646873 2363549 3031729 34501308 34389307 57586403 55059520 0 0 18040394 20695399 112491654 113175955 X 25255196 28470918 25255196 28470918 137746850 141646873 -569904 3785626 0 X false true true false X 914055 3039349 180210 180000 180000 4493614 28788958 28788958 32341427 34835447 37261406 162016196 40909 27045 23891 24530 24850 141225 0 0 29743922 31855352 32545528 35039977 37466256 166651035 0 0 0 0 0 0 0 2406954 0 0 0 2406954 0 2406954 0 0 0 2406954 164244081 655903 738155 901806 1156498 1671528 5123890 0 655903 738155 901806 1156498 1671528 5123890 0 -91757 11338 11242 11410 7814 -49953 30308068 32604845 33458576 36207885 39145598 171724972 0.95644 0.95942 0.03 0.03 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - -91757.0, COLUMN B - 11338.0, COLUMN C - 11242.0, COLUMN D - 11410.0, COLUMN E - 7814.0, COLUMN F - -49953.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 557248 557248 121292751 56393527 64899224 9070319 6094574 2975745 7387580 3999897 3387683 1864197 1864197 73684097 Closely-held equity interests Financial derivatives CORPORATE DEBT SECURITIES 4835535 F GOVERNMENT OBLIGATIONS 9914491 F 14750026 Federal Income Taxes REFUNDABLE RESIDENCE FEES 19851006 ADVANCE DEPOSITS 844393 20695399 X 39721190 3785626 0 3785626 35935564 184128 622913 807041 36742605 36505468 0 0 36505468 184128 622913 807041 37312509 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Community is exempt from income taxes on income from related activities under Section 501(c)(3) of the U.S. Internal Revenue Code (Code) and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. A tax position is recognized as a benefit only if it is more likely than not that the tax position would be sustained in a tax examinations, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. The applicable Forms 990 have not been subject to examination by the Internal Revenue Service of the state of Indiana for the last three years. The community does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Community recognizes interest and/or penalties related to income tax matters in income tax expense. The Community did not have any amounts accrued for interest and penalties at December 31, 2024 and 2023. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS - 622913 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS - 622913 true SECOND HELPINGS 1121 SOUTHEASTERN AVE INDIANAPOLIS IN 46202 351484281 501(C)(3) 0 36765 BOOK MEALS PROGRAM SUPPORT ALZHEIMERS ASSOCIATION 225 NORTH MICHIGAN AVENUE SUITE 1700 CHICAGO IL 60601 133039601 501(C)(3) 26759 0 N/A N/A PROGRAM SUPPORT MEALS ON WHEELS 708 EAST MICHIGAN STREET INDIANAPOLIS IN 46202 351182075 501(C)(3) 0 127040 BOOK MEALS PROGRAM SUPPORT 3 0 RESIDENT FEE ASSISTANCE 5 413579 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Retirement Living, Inc. provides meals to the clients of Second Helpings. Because no cash was exchanged, there are no procedures for the monitoring of the grant funds. false false false false false false false false false Alicia Taylor Director of Nursing 111467 0 7525 0 0 0 0 0 33013 0 152005 0 0 0 Heather Jones Marketing Director 115199 0 14435 0 0 0 0 0 33064 0 162698 0 0 0 Andrea Ryan FINANCIAL SERVICES DIRECTOR 155516 0 7577 0 0 0 19588 0 0 0 182681 0 0 0 Sara Green Residency Counselor 129034 0 14435 0 0 0 674 0 34104 0 178247 0 0 0 A Indiana Finance Authority 351602316 45506DRA5 2015-04-21 27767688 See Part IV false false false B Indiana Finance Authority 351602316 000000000 2017-12-28 17000000 See Part IV false false false C INDIANA FINANCE AUTHORITY 351602316 000000000 2021-12-01 25095509 See Part IV false false false A 10917688 0 27958127 1848989 0 0 513900 0 0 0 25595238 0 2015 true false true true B 2032450 0 17053950 0 159896 0 271000 0 0 16569054 0 2021 false false false true C 1533499 0 25095509 0 0 0 0 0 0 0 24708566 0 2021 false true true true A false false true true false false 0.0 0.0 0.0 false false 0 false true B false false false false false false 0.0 0.0 0.0 false false 0 false true C false false true true false false 0.0 0.0 0.0 false false 0 false true A false true false false false false 0 false false false 0 false false true B false true false false true false 0 false false false 0 false false true C false true false false true false 0 false false false 0 false false true A true B true C true Schedule K, Part I, Column (f) Description of Purpose Current Refund Indiana Finance Authority Revenue Bonds (Marquette Project) series 2010, originally issued on 12/1/10 and reissued on 6/26/12, currently refund Indiana Finance Authority Revenue Bonds, Series 2012 (Marquette Project) originally issued on June 26, 2012. The purpose was to currently refund $23,390,000 of the Indiana Finance Authority refunding revenue bonds-series 2010 and refund $2,205,000 of the Indiana finance authority revenue bonds-series 2012-bonds maturing on march 1, 2024 and pay certain costs of issuance. Schedule K, Part I, Column (f) Description of Purpose Indiana Finance Authority Revenue Bonds, Series 2017 - Funding of the comprehensive renovation of the assisted living pavilion and healthcare center. Additional renovations of all common areas and the therapy gym. Schedule K, Part I, Column (f) Description of purpose Indiana Finance Authority Revenue Bonds, Series 2021A - On December 1, 2021, Truist issued the 2021A Bonds by extinguishing the 2020 Taxable Term Note. Truist purchased and holds the 2021A bonds. Schedule K, Part I, Column (e) Issue Price` THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 237,709 including grants of $ 237,709) RETIREMENT LIVING, INC. PROVIDES SENIORS WITH THE HIGHEST QUALITY OF CARE AND SERVICES AND HONORS THEIR DIGNITY AND INDEPENDENCE. THE ORGANIZATION ALSO SUPPORTS SENIORS IN THE COMMUNITY BY SUPPORTING ORGANIZATIONS THAT PROVIDE SERVICES TO SENIORS. IN 2024, THE ORGANIZATION GAVE $237,709 IN GRANTS TO ORGANIZATIONS TO SUPPORT LOCAL SENIORS. Form 990, Part VI, Line 15a Process to determine Compensation The Executive Director is not an employee of Retirement Living, the board negotiates and approves the contracted salary amount paid to Retirement Living for the Executive Directors services. The Management company does perform a compensation survey. The decisions are documented in the board minutes. This process was last undertaken in 2024. Form 990, Part VI, Line 15b Process to determine Compensation The Health Center Administrator is not an employee of Retirement Living. The Board of Directors participates in the annual review of regarding compensation. The compensation is determined by the management company using a compensation survey. The decisions are documented in the board minutes. This process was last undertaken in 2024. Form 990, Part VI, Line 17 Filing Frequency of IN Form NP-20R After the 2022 tax year, the Indiana Form NP-20R is due on May 15, 2026. After 2026, each Form NP-20R is due May 15th every fifth year. Form 990, Part VI, Line 1a Delegate broad authority to a committee There shall be an Executive Committee of the Corporation, which shall consist of the directors holding the offices of President, Vice President, Secretary, Treasurer and such other directors as may be appointed by the President. The President shall preside over the proceedings of the Executive Committee. During intervals between meetings of the Board of Directors, the Executive Committee may exercise the authority of the Board of Directors, provided, however, that the Executive Committee shall not have the authority to: amend or restate the Corporation's Articles of Incorporation; adopt a plan of merger or plan of consolidation with another organization; authorize the sale, lease exchange or mortgage of all or substantially all of the property and assets of the Corporation; authorize the voluntary dissolution of the Corporation; or act in a manner otherwise prohibited by the Act or other law. The Executive Committee shall cause minutes of its proceedings to be kept and filed with the minutes of the proceedings of the Board of Directors. Form 990, Part VI, Line 3 Delegation of management duties RETIREMENT LIVING INC. IS MANAGED BY LIFE CARE SERVICES, LLC. AN UNRELATED ORGANIZATION, LIFE CARE SERVICES LLC PAYS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ADMINISTRATOR. THE DUTIES PERFORMED BY THESE INDIVIDUALS INCLUDE HIRING, FIRING, SUPERVISING PERSONNEL, AND OVERALL MANAGEMENT OF RETIREMENT LIVING, INC. The executive director received $ 146,782 and the administrator received $139,689 for the services provided to the organization. Form 990, Part VI, Line 11b Review of form 990 by governing body The form 990 is reviewed in detail by the entire Finance Committee. After any questions/changes are addressed, the final draft of the form 990 is distributed via email to the board of directors. It is then filed electronically with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Retirement Living, Inc. has three conflict of interest policies written specifically for the board, department directors, and administrative officers. All officers and board members sign the appropriate conflict of interest policy annually, disclosing any conflicts that are known to exist. Form 990, Part VI, Line 19 Required documents available to the public The organization's conflict of interest policy, financial statements, and governing documents are available to the public upon request.