2026-05-15T11:16:40+00:00 2025-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-07-01 352058981 University Place Inc UNIV 3313185161 11500 Theresa Drive Lemont IL 604392727 Henry Zeisel AVP FINANCE & ACCOUNTING 3313185161 2026-05-15 true JENNIFER BURKE P01342224 3128997000 2026-05-15 2024 2025-03-06 01:10:19Z Regina Umanskiy 11500 Theresa Drive Lemont IL 604392727 16267326 false X WWW.FRANCISCANCOMMUNITIES.COM X 1998 IN ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO. 3 2 147 25 0 8270 260 14481395 15056756 704774 849994 291970 360316 15486409 16267326 0 0 4263471 4717573 0 0 8362411 8588606 12625882 13306179 2860527 2961147 31565765 30811408 42027441 44516904 -10461676 -13705496 THE MISSION OF UNIVERSITY PLACE IS TO CELEBRATE LIFE AND SERVE WITH JOY. (CONTINUED ON SCHEDULE O). false false 6839049 0 5153874 NURSING HOME CARE: UNIVERSITY PLACE PROVIDES NURSING CARE SERVICES TO MEET THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF THE RESIDENTS. SOME OF THE AMENITIES PROVIDED INCLUDE PERSONALIZED CARE PLANS, LICENSED NURSING STAFF, THREE MEALS DAILY, SNACKS, HOUSEKEEPING, MAINTENANCE, RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES, AND SECURITY. THE AVERAGE DAILY CENSUS APPROXIMATED 27 IN FISCAL 2025. 3419812 0 5910472 INDEPENDENT LIVING: UNIVERSITY PLACE PROVIDES INDEPENDENT LIVING SERVICES TO ALLOW RESIDENTS TO ENJOY ACTIVE AND INDEPENDENT LIFESTYLES. THESE SERVICES ARE DESIGNED TO MEET THE PHYSICAL, SOCIAL AND SPIRITUAL NEEDS OF THE RESIDENTS. ACCOMMODATIONS INCLUDE GARDEN HOMES AND STUDIO, ONE, AND TWO BEDROOM APARTMENTS. SOME OF THE AMENITIES PROVIDED INCLUDE DINING, HOUSEKEEPING, MAINTENANCE, TRANSPORTATION, HEALTH AND FITNESS, RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES, SECURITY, AND AN EMERGENCY RESPONSE SYSTEM. THE AVERAGE CENSUS IN INDEPENDENT LIVING APPROXIMATED 107 IN FISCAL 2025. 757662 0 3992410 ASSISTED LIVING: UNIVERSITY PLACE PROVIDES ASSISTED LIVING SERVICES TO ALLOW RESIDENTS TO RECEIVE THE ASSISTANCE THEY NEED WHILE MAINTAINING AN ACTIVE LIFESTYLE. THESE SERVICES ARE DESIGNED TO MEET THE PHYSICAL, SOCIAL AND SPIRITUAL NEEDS OF THE RESIDENTS. Accommodations INCLUDE EFFICIENCIES, STUDIOS, AND ONE BEDROOM UNITS. SOME OF THE AMENITIES PROVIDED INCLUDE THREE MEALS DAILY, SNACKS, HOUSEKEEPING, MAINTENANCE, SECURITY, AND RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES. IN ADDITION, STAFF IS AVAILABLE TO PROVIDE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING TO MEET EACH RESIDENT'S NEEDS. THE AVERAGE CENSUS IN ASSISTED LIVING APPROXIMATED 45 IN FISCAL 2025. 11016523 true false false false false false false false true false true false false false true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false false true 52 0 true 147 true false false false false false false false false false false false false X 3 2 false false false false true true true true false false false false true true true true true true true true false false IN X Henry Zeisel 3313185200 11500 Theresa Drive Lemont IL 604392727 Bobbie Parkhill Vice Chairman 0.1 0.9 X X 0 0 0 James Stark Chairman 0.1 0.9 X X 0 0 0 Regina Umanskiy President & Chief Executive Officer 0.1 39.9 X X 0 618484 85266 Andrea Ramirez-Justin Secretary 0.1 0.9 X 0 0 0 Robert Rosenberger Treasurer and Chief Financial Officer 0.1 39.9 X 0 392698 102646 Tracy Shearer Assistant Secretary 0.1 0.9 X 0 0 0 David Kinder Executive Director - University Place 40.0 0 X 171927 0 53028 Jeanne Smith Director of Sales & Marketing 40.0 0 X 123919 0 33037 Rebecca Hubbard Director of Nursing 40.0 0 X 101814 0 1379 397660 1011182 275356 3 false true false FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION 11500 THERESA DRIVE LEMONT IL 60439 MANAGEMENT SERVICES 955464 SYMBRIA REHAB INC 28100 TORCH PARKWAY SUITE 600 WARRENVILLE IL 60555 Therapy 658657 United Methodist Healthcare Recruitment 5145 N Glenwood Avenue Chicago IL 60640 Contracted nurse services 392136 3 260 260 Independent Living 623000 5910472 5910472 Skilled care 623000 5153874 5153874 Assisted Living 623000 3992410 3992410 0 0 0 0 15056756 374398 374398 0 0 475596 475596 0 475596 475596 Entrance fee revenue 900099 302060 302060 Department revenue 900099 34572 34572 Food and retail revenue 900099 17966 17966 5718 0 0 5718 360316 16267326 15056756 0 1210310 X 3976432 3292189 684243 741141 613609 127532 63730 52764 10966 4512351 3735890 776461 0 636991 527381 109610 1258569 1042001 216568 183720 152106 31614 Drugs, food, supplies and other 1152547 954223 198324 Finance Charge 643896 533098 110798 Bad debt 136802 113262 23540 0 0 0 0 13306179 11016523 2289656 0 94559 95943 3883597 735713 1050744 602083 0 0 0 0 48892 52434 145116 89388 41639927 29333730 10617080 12306197 14490650 15909102 0 0 1235127 1020548 31565765 30811408 1195128 1531611 22566546 24781596 18193280 18101580 1202 1213 0 0 71285 100904 42027441 44516904 X -10515400 -13759220 53724 53724 -10461676 -13705496 31565765 30811408 X 2961147 634297 -6839264 X false true true false X 374174 20960 19005 8270 260 422669 11759629 12997403 13511574 14481395 15056756 67806757 3610 10169 17171 291970 360316 683236 0 0 12137413 13028532 13547750 14781635 15417332 68912662 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68912662 147940 173549 336462 386672 374398 1419021 0 147940 173549 336462 386672 374398 1419021 0 0 0 0 0 0 0 12285353 13202081 13884212 15168307 15791730 70331683 0.97982 0.98059 0.02 0.02 X false true X 2659445 2659445 18413509 14201156 4212353 131162 131162 18004957 13352121 4652836 2430854 1780453 650401 12306197 Federal Income Taxes 457 PLAN LONG TERM LIABILITY 87814 UNCLAIMED FUNDS 13090 100904 X 16574423 634297 0 634297 15940126 63730 263470 327200 16267326 13242449 0 0 13242449 63730 0 63730 13306179 Schedule D, Part IV, Line 2b Explanation of escrow agreement The organization maintains resident trust funds for certain residents, including a common bank account and petty cash. The resident trust funds are established to segregate resident funds that are used to make certain expenditures under responsible payee arrangements to have funds available to meet the cash needs of the residents. The residents receive quarterly statements of their account activity. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("FSCSC"). FRANCISCAN MINISTRIES HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE (IRS) AND STATE JURISDICTIONS WHERE IT OPERATES. FRANCISCAN MINISTRIES BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON FRANCISCAN MINISTRIES' FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, FRANCISCAN MINISTRIES HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2025 AND 2024. false true false false false false false false false Regina Umanskiy President & Chief Executive Officer 0 426414 0 189000 0 3070 0 83713 0 1553 0 703750 0 0 Robert Rosenberger Treasurer and Chief Financial Officer 0 296706 0 93000 0 2992 0 62842 0 39804 0 495344 0 0 David Kinder Executive Director - University Place 148319 0 19641 0 3967 0 21286 0 31742 0 224955 0 0 0 Jeanne Smith Director of Sales & Marketing 123480 0 125 0 314 0 3935 0 29102 0 156956 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED BY FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION, USING THE FOLLOWING METHODS: *COMPENSATION COMMITTEE *APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE *COMPENSATION STUDY Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE FOLLOWING SUMMARY LISTS THE EMPLOYEES PARTICIPATING IN A NONQUALIFIED 457(F) RETIREMENT PLAN. THESE AMOUNTS WERE PAID AND DEFERRED IN CALENDAR 2024: 457(F) Plan Paid/Deferred Regina Umanskiy - $0/$28,563 Robert Rosenberger - $0/$7,692 A Illinois Finance Authority 861091967 45203H8Z8 2017-06-28 1763181 2017A-D - Capital Projects and Refunding false false true B ILLINOIS FINANCE AUTHORITY 861091967 45203HPP1 2021-10-14 4439540 Series 2021 - Refunding Series 2017 Bonds false false true C ILLINOIS FINANCE AUTHORITY 861091967 000000000 2023-05-15 9947700 SERIES 2023 - REFUNDING SERIES 2013 BONDS false false true A 1097636 0 1774284 70946 1612 0 35264 0 0 347832 1318630 0 2019 true false true true B 154000 0 4439540 0 0 0 77512 0 0 0 4362028 0 2021 true false true true C 217700 0 9947700 0 0 0 179989 0 0 0 9767711 0 2023 true false true true A false false false 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 false false false false 0.0 0.0 0.0 false false 0 false true A false false false true true false 0 false false false 0 false false true B false false true false true true WINTRUST BANK 15.0 false false false 0 false false true C false false true false true true Huntington National Bank 15.0 false false false 0 false false true A true B true C true Schedule K, Part II, Line 3 TOTAL PROCEEDS OF ISSUE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE. THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS THROUGH THE YEAR PLACED IN SERVICE. INVESTMENT EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS AND RESERVE FUNDS ON LINES 3 AND 4. Schedule K, Part I, Column (f) Purpose of IFA - 2017A-D The proceeds of the Series 2017 Bank Bonds were loaned to the Obligated Group and used to: (i) finance, refinance, or reimburse the Obligated Group for the payment of certain costs of acquiring constructing, renovating, remodeling, and equipping certain projects for certain of the senior living facilities owned by the Obligated Group in the States of Illinois, Indiana, and Ohio; (ii) refund all of the (a) Illinois Finance Authority Revenue Bonds, Series 2004B (Franciscan Communities, Inc.) Extendable Rate Adjustable SecuritiesSM (EXTRASSM) (the "Series 2004B Bonds"), (b) Illinois Finance Authority Revenue Bonds, Series 2013B (Franciscan Communities, Inc.) (the "Series 2013B Bonds together with the Series 2004B Bonds and the Series 2007A Bonds, the "Illinois Bonds"), (c) County of Cuyahoga, Ohio Health Care Facilities Revenue Bonds, Series 2004C (Franciscan Communities, Inc. - Mount Alverna Project) (the "Series 2004C Bonds"), and (d) County of Cuyahoga, Ohio Health Care Facilities Revenue Bonds, Series 2004D (Franciscan Communities, Inc. - Mount Alverna Project) Extendable Rate Adjustable SecuritiesSM (EXTRASSM) (the "Series 2004D Bonds together with the Series 2004C Bonds, the "Ohio Bonds, the Illinois Bonds and the Ohio Bonds are collectively referred to herein as the "Prior Bonds"); and (iii) pay certain expenses incurred in connection with the issuance of the Series 2017 Bank Bonds and the refunding of the Prior Bonds. Schedule K, Part I, Column (i) Pooled Financing of IFA Series 2017A-D $76,076,103 Illinois Finance Authority Revenue Bonds, Series 2017A-D Franciscan Communities, Inc. FEIN: 35-1124441 Amount Benefiting Organization: $74,312,922 University Place, Inc. FEIN: 35-2058981 Amount Benefiting Organization: $1,763,181 Schedule K, Part I, Column (f) Purpose of IFA - 2021 The purpose of the Series 2021 bonds were to apply the proceeds from the sale to fund the early retirement of the Series 2017E taxable bonds, refunding of the Series 2017B, Series 2017C, and Series 2017D bonds, and to pay certain expenses incurred in connection with the issuance of the Series 2021 bonds and the refunding of the prior bonds. Schedule K, Part I, Column (i) POOLED FINANCING OF IFA SERIES 2021A $31,711,000 Illinois Finance Authority Revenue Bonds, Series 2021A Franciscan Communities, Inc. FEIN: 35-1124441 Amount Benefiting Organization: $27,271,460 University Place, Inc. FEIN: 35-2058981 Amount Benefiting Organization: $4,439,540 Schedule K, Part I, Column (i) POOLED FINANCING OF IFA SERIES 2023 $71,055,00 Illinois Finance Authority Revenue Bonds, Series 2023 Franciscan Communities, Inc. FEIN: 35-1124441 Amount Benefiting Organization: $61,107,300 University Place, Inc. FEIN: 35-2058981 Amount Benefiting Organization: $9,947,700 Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 06/28/2022 Form 990, Part III, Line 1 VALUE STATEMENT THE VALUES OF University Place, INC. INCLUDE: 1. RESPECT: REFLECT GOD IN ALL WE DO; 2. DEDICATION: PASSIONATELY CARRY FORWARD THIS MINISTRY ENTRUSTED TO US; 3. STEWARDSHIP: RESPONSIBLY USING THE GIFT OF OUR RESOURCES; 4. JOY: GIVE FROM OUR HEARTS. Form 990, Part III, Line 1 GIFT OF CARE GIFT OF CARE: FOR MORE THAN 125 YEARS, THE FRANCISCAN SISTERS OF CHICAGO, OUR FOUNDRESS, MOTHER MARY THERESA DUDZIK, AND UNIVERSITY PLACE HAVE FULFILLED THE DESPERATE NEED OF THE ELDERLY AND THE UNDERSERVED. THE GIFT OF CARE PROGRAM IS ONE OF THE WAYS DEVELOPED TO PROVIDE ADDITIONAL OUTREACH SERVICES TO THE UNDERPRIVILEGED POPULATION. LONG-TERM CARE IS VERY EXPENSIVE AND MANY WILL NOT BE ABLE TO PAY FOR ALL OF THE NECESSARY SERVICES OUT OF HIS OR HER OWN INCOME AND RESOURCES. THAT IS WHERE THE GIFT OF CARE CAN HELP. COMMITMENT: THE GIFT OF CARE IS A COMMITMENT BY UNIVERSITY PLACE TO UNDERWRITE ALL OR A PORTION OF A RESIDENT'S CARE FOR A SPECIFIC PERIOD OF TIME. IT IS BASED UPON DEFINED CRITERIA. AS A NOT-FOR-PROFIT ORGANIZATION, UNIVERSITY PLACE PROMOTES AND CARES FOR THE INTERESTS OF OLDER ADULTS IN AN ENVIRONMENT OF DIGNIFIED LIVING, CARING AND COMPASSION. IN THE SPIRIT AND TRADITION OF THE CATHOLIC CHURCH, THE FRANCISCAN SISTERS OF CHICAGO AND OUR FOUNDRESS, MOTHER MARY THERESA DUDZIK, HAVE BEEN OF SERVICE TO THE NEEDY AND THE POOR FOR OVER 125 YEARS. THIS PROGRAM IS ONE OF THE WAYS WE ADDRESS THE SPIRITUAL NEEDS OF THE COMMUNITY AND THOSE SERVED THROUGH PASTORAL CARE SERVICES. UNIVERSITY PLACE STRIVES TO PROVIDE THE GIFT OF CARE PROGRAM FOR APPLICANTS AND EXISTING RESIDENTS, WHO DESPERATELY NEED FINANCIAL ASSISTANCE WITH THE EXPENSES ASSOCIATED WITH OUR COMPASSIONATE SERVICES. DEPENDING ON THE INDIVIDUAL CIRCUMSTANCES, A PERSON MAY BE EITHER FULLY OR PARTIALLY SUPPORTED FINANCIALLY. Form 990, Part VI, Line 6 Classes of members or stockholders THE SOLE CORPORATE MEMBER OF UNIVERSITY PLACE IS THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("FSCSC"). THE MEMBERS OF FSCSC SHALL CONSIST OF THE GENERAL MINISTER AND THE MEMBERS OF THE GENERAL COUNCIL OF THE FRANCISCAN SISTERS OF CHICAGO. THE MEMBERS SHALL ACT IN A STEWARDSHIP CAPACITY AND ENSURE THAT ALL ACTIONS OF UNIVERSITY PLACE ARE CONSISTENT WITH THE PURPOSES OF FSCSC AND THE ETHICAL AND RELIGIOUS PRINCIPLES OF THE FRANCISCAN SISTERS OF CHICAGO AND IN FURTHERANCE OF THEIR APOSTOLATES AND THE CATHOLIC CHURCH. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE SOLE CORPORATE MEMBER, THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION, HAS THE RESERVE POWER TO APPOINT AND REMOVE DIRECTORS AND FILL VACANCIES ON THE BOARD OF DIRECTORS OF UNIVERSITY PLACE. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE MEMBER, THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("FSCSC"), SHALL HAVE THE FOLLOWING RESERVED POWERS: (A) TO APPROVE THE CORPORATION'S STRATEGIC PLANS, ANNUAL, OPERATING, CAPITAL AND CASH FLOW BUDGETS AND SIMILAR DOCUMENTS DEVELOPED BY THE BOARD. (B) GOVERNING DOCUMENT AMENDMENTS AND GOVERNANCE 1. TO APPROVE ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION, BYLAWS OR SIMILAR GOVERNING DOCUMENTS OF THE CORPORATION. 2. TO APPOINT AND REMOVE DIRECTORS AND FILL VACANCIES ON THE BOARD OF DIRECTORS. 3. TO APPOINT OR REMOVE THE CHAIRPERSON AND THE PRESIDENT/CEO OF UNIVERSITY PLACE. (C) SIGNIFICANT ACTIONS. 1. TO APPROVE ANY MERGER, CONSOLIDATION, DISSOLUTION OR LIQUIDATION OF UNIVERSITY PLACE, OR ANY AFFILIATE, OTHER THAN A MERGER OR CONSOLIDATION SOLELY BETWEEN EXISTING AFFILIATES. SUBJECT TO APPROVAL OF THE MEMBERS OF FSCSC. 2. TO APPROVE THE PURCHASE, SALE, DONATION, LEASE, MORTGAGE, OR ANY OTHER ACQUISITION, DISPOSITION OR ENCUMBRANCE OF ANY ASSETS OF UNIVERSITY PLACE, EXCEPT WITH RESPECT TO TRANSACTIONS WITHIN LIMITS DELEGATED TO UNIVERSITY PLACE. SUBJECT TO APPROVAL OF THE MEMBERS OF FSCSC. 3. TO APPROVE THE ESTABLISHMENT, TERMINATION, TRANSFER OR OTHER ACQUISITION OR DISPOSITION OF ANY MAJOR MINISTRY, WORK OR SIMILAR PROGRAM BY UNIVERSITY PLACE. SUBJECT TO APPROVAL OF THE MEMBERS OF FSCSC. 4. TO APPROVE THE CREATION OF ANY NEW AFFILIATE OR ANY AFFILIATION OF UNIVERSITY PLACE WITH ANOTHER ENTITY. SUBJECT TO APPROVAL OF THE MEMBERS OF FSCSC. 5. TO APPROVE THE INCURRENCE OF INDEBTEDNESS, THE MAKING OF LOANS TO OTHER ENTITIES OR THE GUARANTY OF ANY INDEBTEDNESS OF OTHERS, BY UNIVERSITY PLACE, FOR AMOUNTS IN EXCESS OF SPECIFIED AMOUNTS. 6. TO ESTABLISH DOLLAR LIMITS BELOW WHICH UNIVERSITY PLACE MAY AUTHORIZE FINANCIAL EXPENDITURES, INCLUDING CONTRACTS INVOLVING SUCH EXPENDITURES. 7. TO ESTABLISH DOLLAR LIMITS BELOW WHICH UNIVERSITY PLACE MAY AUTHORIZE LITIGATION SETTLEMENTS OR ANY RELEASE OR CANCELLATION BY UNIVERSITY PLACE OF A CLAIM OR RIGHT OF ACTION AGAINST ANOTHER PARTY. 8. TO APPROVE COMPLIANCE PLANS, ACCOUNTING, INVESTING AND HUMAN RESOURCES POLICIES, EMPLOYEE PENSION AND OTHER BENEFIT PROGRAMS AND OTHER MATTERS TO THE EXTENT DETERMINED APPROPRIATE BY THE FSCSC. 9. TO APPROVE ETHICISTS, AUDITORS, LEGAL COUNSEL AND OTHER SIGNIFICANT CONSULTANTS OF UNIVERSITY PLACE. 10. TO ESTABLISH COMPENSATION RANGES FOR EMPLOYEES OF UNIVERSITY PLACE, TO THE EXTENT DEEMED APPROPRIATE. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THERE ARE NO COMMITTEES WITH THE AUHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body MANAGEMENT PRESENTED A FINAL DRAFT OF THE COMPLETED FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, TO THE AUDIT AND FINANCE COMMITTEE AND MADE THE SAME AVAILABLE TO ALL BOARD MEMBERS, PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c Conflict of interest policy AS PROVIDED FOR IN THE CONFLICT OF INTEREST POLICY, IT IS THE RESPONSIBILITY OF THE BOARD OR COMMITTEE CHAIR TO ENSURE THAT EACH DIRECTOR, OFFICER, AND MEMBER OF A BOARD COMMITTEE ANNUALLY SIGNS AN FSCSC APPROVED CONFLICT OF INTEREST DISCLOSURE STATEMENT. COPIES OF ALL SIGNED STATEMENTS ARE FORWARDED TO THE compliance officer. KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT IS REVIEWED BY THEIR DIRECT SUPERVISOR. POTENTIAL CONFLICTS OF INTEREST OF BOARD MEMBERS ARE BROUGHT TO THE ATTENTION OF THE BOARD CHAIR. AFTER DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE A DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. PROPOSED TRANSACTIONS WITH INTERESTED PERSONS OF THE BOARD OF DIRECTORS OR COMMITTEES REQUIRES THE APPROVAL OF THE BOARD PRIOR TO ENTERING INTO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON SHALL NOT BE PRESENT DURING THE PRESENTATION OR THE VOTE ON THE PROPOSED TRANSACTION OR ARRANGEMENT. KEY EMPLOYEES, OFFICERS AND HIGHEST COMPENSATED EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT IS REVIEWED BY THEIR DIRECT SUPERVISOR. THE SUPERVISOR WILL WORK WITH THE COMPLIANCE OFFICER AND POSSIBLY HUMAN RESOURCES IN TAKING APPROPRIATE STEPS TO ADDRESS THE POTENTIAL CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official University Place's TOP MANAGEMENT OFFICIAL IS PAID BY THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("FSCSC"), A RELATED TAX-EXEMPT ORGANIZATION. The board of directors of the organization has adopted an executive compensation philosophy to enable FSCSC to recruit, retain, develop and motivate capable and committed executive leaders essential to sustaining its mission and achieving its vision and organizational goals. The executive compensation committee monitors the compensation strategy to reflect changes in market conditions and executive needs. This strategy and the reward elements serve as a "road map" for the on-going administration of the compensation programs. The Board has adopted a philosophy of viewing executive compensation in its totality, considering all reward elements - both extrinsic and intrinsic, provided to executives. Annually, the executive compensation committee makes the recommendation on the compensation for the president and chief executive officer with final approval from the sponsor as recommended by the FSCSC board of directors. The recommendation is based, in part, on the review of the most current market data available and compensation strategy discussion. FSCSC's president and chief executive officer makes recommendations to the executive compensation committee for the establishment of salary ranges and salaries for the chief financial officer and chief operating officer of the organization. The executive compensation committee of the board of directors has adopted a practice of having a third-party review of total remuneration for executive staff and obtains a letter of reasonableness every two to three years. This third party review includes: 1. Obtain and analyze comparable compensation data for similar persons in functionally comparable positions in similar organizations; 2. Contemporaneous documentation and record keeping with respect to deliberations and decisions regarding the compensation arrangements is maintained; 3. The process of obtaining comparable compensation data was last performed in MARCH 2025, and the executive Compensation Committee reviewed the third party data regarding Executive Compensation for the CEO, in light of the current year trends. Form 990, Part VI, Line 15b Process to establish compensation of other employees The President and Chief Executive Officer, makes recommendations to the Executive Compensation Committee for the establishment of salary ranges and salaries for the Chief Financial Officer and Chief Operating Officer of the organization. The Chief People Officer is responsible for making recommendations and establishing compensation ranges for the position of Vice President of Ministry Development; Chief People Officer; Vice President of Mission Integration and Pastoral Care; and Vice President of Clinical Services. FSCSC's Chief People Officer has the responsibility to establish compensation recommendations for the organization's other officers and key employees. The process for determining the appropriate compensation of each position includes: 1. Human Resources department obtains and analyzes comparable compensation data for similar person in functionally comparable position in similar organizations. 2. President and Chief Executive Officer reviews and make final approval of compensation ranges and salaries. 3. Compensation review is shared with the Executive Compensation Committee for all executive positions. 4. Contemporaneous documentation and record keeping with respect to deliberations and decisions regarding the compensation arrangements is maintained. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATIONS. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Miscellaneous revenue - Total Revenue: 5718, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5718; Form 990, Part IX, Line 11g Other Fees Purchased services - Total Expense: 3358804, Program Service Expense: 2780839, Management and General Expenses: 577965, Fundraising Expenses: ; Administrative services - Total Expense: 198083, Program Service Expense: 163998, Management and General Expenses: 34085, Fundraising Expenses: ; Shared management fee - Total Expense: 955464, Program Service Expense: 791053, Management and General Expenses: 164411, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Transfer to affiliates - -6575794; Net Change in Unrealized Gain - Swap Agreement - -263470; Total - -6839264; FRANCISCAN SISTERS OF CHICAGO 11500 THERESA DRIVE LEMONT IL 60439 362877607 PARENT IL 501(c)(3) 1 NA false Franciscan Sisters of Chicago Service Corp 11500 THERESA DRIVE LEMONT IL 60439 363579767 Management IL 501(c)(3) Type II FSC false FRANCISCAN COMMUNITIES INC 11500 THERESA DRIVE LEMONT IL 60439 351124441 HEALTHCARE IN 501(c)(3) 10 FSCSC false Franciscan Communities Inc II 11500 Theresa Drive Lemont IL 60439 820822232 HEALTHCARE IL 501(c)(3) 10 FSCSC false FRANCISCAN COMMUNITY SERVICES INC 11500 THERESA DRIVE LEMONT IL 60439 364026985 HEALTHCARE IL 501(c)(3) 10 FSCSC false ST JOSEPH SENIOR HOUSING 11500 THERESA DRIVE LEMONT IL 60439 371485002 AFFORDABLE HOUSING IL 501(c)(4) FSCSC false FRANCISCAN COMMUNITY BENEFIT SERVICES 11500 THERESA DRIVE LEMONT IL 60439 364454351 FOUNDATION IL 501(c)(3) 7 FSCSC false ST JUDE HOUSE 11500 THERESA DRIVE LEMONT IL 60439 351905782 ABUSE SHELTER IN 501(c)(3) 7 FCBS false SAMC INC 11500 THERESA DRIVE LEMONT IL 60439 351172181 HOSPITAL IN 501(c)(3) 3 FSCSC false THE VILLAGE AT MERCY CREEK 1501 MERCY CREEK DR NORMAL IL 617619597 454195490 HEALTHCARE IL 501(c)(3) 10 FSCSC false FRANCISCAN ADVISORY SERVICES INC 11500 THERESA DRIVE LEMONT IL 60439 900821523 MANAGEMENT AND DEVELOPMENT ADVISORY SERVICES IL Franciscan Sisters of Chicago Service Corporation C Corporation false false false false false false false false false false false false false true false true true false false false