2025-07-25T12:22:33-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-10-01 454353453 DANISH HOME FOUNDATION DANI 7737757383 5656 N NEWCASTLE AVE CHICAGO IL 60631 SCOTT SWANSON PRESIDENT/CEO 7737757383 2025-07-24 0 0 CHRIS MANDERFIELD P01238973 6305738600 2025-07-24 2023 2025-03-06 01:10:19Z SCOTT SWANSON 5656 N NEWCASTLE AVE CHICAGO IL 60631 3624354 0 X WWW.DANISHHOMEOFCHICAGO.ORG X 2011 IL THE DANISH HOME FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO HONORING AND SUPPORTING COMMUNITIES CENTERED IN DANISH AND SCANDINAVIAN CUSTOMS. 4 4 0 4 0 0 1099886 1681437 0 0 404189 329996 25997 49797 1530072 2061230 733405 775000 0 0 0 0 0 0 23675 402057 413124 1135462 1188124 394610 873106 11656777 8580110 1536708 2226447 10120069 6353663 THE DANISH HOME FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO HONORING AND SUPPORTING COMMUNITIES CENTERED IN DANISH AND SCANDINAVIAN CUSTOMS. 0 0 925000 775000 TO CONDUCT FUNDRAISING EFFORTS AND DISTRIBUTE FUNDS TO SUPPORT THE MINISTRIES AND OPERATIONS OF THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME. THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME MAINTAINS AND OPERATES, ON A CHARITABLE BASIS, A SENIOR LIVING COMMUNITY. ACCOMODATIONS, DINING, MEDICAL TREATMENT, NURSING, AND OTHER SENIOR SERVICES ARE PROVIDED. 925000 1 1 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 1 0 1 0 0 0 1 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 4 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 IL X X THE ORGANIZATION 7737757383 5656 N NEWCASTLE AVE CHICAGO IL 60631 MIKAEL OLESEN DIRECTOR 2.00 2.00 X 0 0 0 DAWN JENSEN SECRETARY 2.00 2.00 X X 0 0 0 PAUL PEDERSEN VICE-CHAIR 3.00 3.00 X X 0 0 0 KIM ERIKSEN CHAIR 7.00 7.00 X X 0 0 0 SCOTT SWANSON PRESIDENT/CEO 40.00 20.00 X 0 249088 0 FRED SAVIANO CHIEF FINANCIAL OFFICER (UNTIL MARCH 2024) 40.00 20.00 X 0 139286 2642 0 388374 2642 0 0 1 0 BERGLUND CONSTRUCION 8410 S SOUTH CHICAGO AVE CHICAGO IL 60617 CONSTRUCTION 2978553 HARLEY ELLIS DEVEREAUX 320 N SANGAMON ST STE 1050 CHICAGO IL 60607 ARCHITECT 169403 2 1681437 1681437 268858 268858 49797 0 49797 49797 49797 1624262 1563124 61138 61138 61138 2061230 0 0 379793 775000 775000 300000 150000 150000 27677 27677 57193 57193 CAPITAL CAMPAIGN 23675 23675 OTHER EXPENSES 4579 4579 1188124 925000 239449 23675 2065748 570298 142896 72276 2498000 1408000 2498000 6316618 5434831 1723515 4705 11656777 8580110 17125 702255 19583 24192 1500000 1500000 1536708 2226447 X 5156623 -271565 4963446 6625228 10120069 6353663 11656777 8580110 X 873106 1375046 -6014558 X X 0 1 X 1 0 X X X 1 THE SOCIETY FOR THE DANISH OLD PEOPLES HOME 362181996 10 1 775000 0 1 775000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION B, LINE 1 THE ORGANIZATION'S BYLAWS INDICATE THAT THE DANISH ASSOCIATION IS THE SOLE CORPORATE MEMBER. THE BYLAWS ALLOW THE SOLE CORPORATE MEMBER, THE DANISH ASSOCIATION, TO APPOINT AND REMOVE DIRECTORS OF THE ORGANIZATION. THE SOLE CORPORATE MEMBER, THE DANISH ASSOCIATION, IS ALSO THE SOLE CORPORATE MEMBER OF THE SOCIETY FOR DANISH OLD PEOPLE'S HOME, AND THEREMORE HAS THE ABILITY TO APPOINT THE BOARD OF BOTH THE SUPPORTING AND SUPPORTING ORGANIZATION. FURTHERMORE, THE BYLAWS INDICATE THAT AT ALL TIMES, AT LEAST ONE DIRECTOR OF THE ORGANIZATION SHALL BE A MEMBER OF THE BOARD OF DIRECTORS OF THE SOLE CORPORATE MEMBER, THE DANISH ASSOCIATION, AND AT LEAST ONE DIRECTOR OF THE ORGANIZATION SHALL BE A MEMBER OF THE BOARD OF DIRECTORS OF THE SUPPORTED ORGANIZATION, THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2498000 2498000 2498000 X PART X, LINE 2: THE FOUNDATION EVALUATES ITS EXPOSURE FOR UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS. THERE WERE NO LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS AT YEAR-END. 1 THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME 5656 N NEWCASTLE AVE CHICAGO IL 60631 362181996 501(C)(3) 775000 0 TO CONDUCT FUNDRAISING EFFORTS AND DISTRIBUTE FUNDS TO SUPPORT THE MINISTRIES AND OPERATIONS OF THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME. THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME MAINTAINS AND OPERATES, ON A CHARITABLE BASIS, A SENIOR LIVING COMMUNITY. ACCOMODATIONS, DINING, MEDICAL TREATMENT, NURSING, AND OTHER SENIOR SERVICES ARE PROVIDED. 1 0 1 0 0 0 0 0 0 0 SCOTT SWANSON PRESIDENT/CEO 0 184683 0 64405 0 0 0 0 0 0 0 249088 0 0 PART I, LINE 4B THE PRESIDENT/CEO, SCOTT SWANSON, PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN SPONSORED BY A RELATED PARTY, THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME. NO CONTRIBUTIONS WERE MADE TO THE PLAN DURING THE FISCAL YEAR HOWEVER THE PLAN WAS TERMINATED RESULTING IN THE PAYOUT OF $62,938 DURING THE YEAR ENDED SEPTEMBER 30, 2024. PETER ORUM FORMER BOARD MEMBER FUND CONSTRUCTION COSTS FOR SUPPORTED ORGANIZATION X 1500000 1500000 0 1 1 1500000 FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION SHALL HAVE ONE MEMBER, DESIGNATED AS THE CORPORATE MEMBER, WHICH SHALL BE THE DANISH ASSOCIATION, AN ILLINOIS NOT FOR PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION SHALL HAVE ONE MEMBER, DESIGNATED AS THE CORPORATE MEMBER, WHICH SHALL BE THE DANISH ASSOCIATION, AN ILLINOIS NOT FOR PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B PER THE ORGANIZATION'S BY-LAWS, THE SOLE CORPORATE MEMBER (THE DANISH ASSOCIATION) HAS THE EXCLUSIVE POWER TO: - ADOPT AND AMEND STATEMENTS OF MISSION, PHILOSOPHY OR PURPOSE; - ADOPT, AMEND AND REPEAL THE ARTICLES OF INCORPORATION, THE BYLAWS AND ANY PLAN OF MERGER, CONSOLIDATION OR DISSOLUTION; - APPOINT AND REMOVE THE DIRECTORS OF THE CORPORATION - APPOINT AND REMOVE THE OFFICERS OF THE CORPORATION - APPROVE ANY SALE, LEASE OR MORTGAGE OF THE CORPORATION'S REAL PROPERTY OR SUBSTANTIALLY ALL OF ITS PERSONAL PROPERTY; - SELECT THE INDEPENDENT AUDITORS FOR THE CORPORATION; - APPROVE THE ANNUAL BUDGET OF THE CORPORATION AND RECEIVE AN ANNUAL REPORT FROM THE CHAIRMAN REGARDING THE OPERATION OF THE CORPORATION; - APPROVE ANY UNBUDGETED EXPENDITURE IN EXCESS OF $50,000.00; AND - APPROVE ANY AGREEMENTS THROUGH WHICH THE COPORATION WILL BORROW MONEY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL RECEIVE A COPY OF THE 990 RETURN. THE REVIEW WAS DELEGATED TO THE EXECUTIVE COMMITTEE WHO HAS FULL POWERS, DUTIES, RESPONSIBILITIES, AND AUTHORITY OF THE BOARD WITH RESPECT TO FINANCIAL MATTERS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY REQUIRES BOARD MEMBERS TO DISCLOSE TO THE BOARD OF DIRECTORS WHEN A CONFLICT MAY EXIST. THE ORGANIZATION TRACKS PAYMENTS MADE TO OFFICERS AND DIRECTORS FOR SERVICES OR MATERIALS PROVIDED OR SOLD TO THE ORGANIZATION. THE BOARD REVIEWS THE CIRCUMSTANCES FOR ANY SUCH PAYMENTS TO VERIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ANNUALLY, BOARD MEMBERS AND EMPLOYEES CERTIFY THAT THEY COMPLY WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE AVAILABLE THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON WRITTEN REQUEST. THE FINANCIAL STATEMENTS ARE INCLUDED IN THE 990 RETURN WHICH IS AVAILABLE ON OTHER'S WEBSITES. FORM 990, PART XI, LINE 9: NET ASSETS TRANSFERRED TO AFFILIATE -6,014,558. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE SOCIETY FOR THE DANISH OLD PEOPLES HOME 5656 N NEWCASTLE AVE CHICAGO IL 60631 362181996 OPERATE A NOT-FOR-PROFIT HOME FOR ELDERLY PERSONS IL 501(C)(3) LINE 10 THE DANISH ASSOCIATION 0 THE DANISH ASSOCIATION 5656 N NEWCASTLE AVE CHICAGO IL 60631 461216092 TO SUPPORT THE MISSIONS OF THE DANISH HOME AND THE DANISH FOUNDATION IL 501(C)(3) LINE 12C, III-FI N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME O 300000 CASH PAID THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME R 6014558 CARRYING VALUE THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME B 775000 CASH PAID