2026-01-13T12:18:08+00:00 2025-03-31 331498605 Plante & Moran PLLC 10 SOUTH RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2024-04-01 362167832 WESTMINSTER PLACE WEST 8479793902 8707 SKOKIE BOULEVARD 400 SKOKIE IL 60077 NADIM ABI-ANTOUN Principal Officer 2026-01-14 true DAVID LOWENTHAL CPA P00378651 3122071040 2026-01-14 2024 2025-03-06 01:10:19Z NADIM ABI-ANTOUN 8707 SKOKIE BOULEVARD 400 SKOKIE IL 60077 64280131 false X WWW.PRESBYTERIANLIVING.ORG X 1904 IL WESTMINSTER PLACE, A FAITH BASED NOT FOR PROFIT, CREATES VIBRANT COMMUNITIES FOR OLDER ADULTS THAT INSPIRE WELLNESS, INDEPENDENCE, JOY AND SECURITY - ENRICHING THE LIVES OF RESIDENTS AND THEIR FAMILIES. 16 16 537 214 0 2773606 2738926 55164435 56142238 3201159 2412020 188655 280351 61327855 61573535 0 0 26438859 26721145 0 0 32738374 32263247 59177233 58984392 2150622 2589143 184476019 185185962 139308021 136794082 45167998 48391880 X WESTMINSTER PLACE, A FAITH BASED NOT FOR PROFIT, CREATES VIBRANT COMMUNITIES FOR OLDER ADULTS THAT INSPIRE WELLNESS, INDEPENDENCE, JOY AND SECURITY - ENRICHING THE LIVES OF RESIDENTS AND THEIR FAMILIES. false false 23854114 0 25716825 WESTMINSTER PLACE HEALTH CARE CENTERS PROVIDE INTERMEDIATE AND SKILLED NURSING FOR BOTH SHORT AND LONG TERM STAYS. RESPITE, REHABILITATION, AND PROGRAMS TO CARE FOR THOSE WITH ALZHEIMER'S DISEASE AND OTHER COGNITIVE IMPAIRMENTS ARE ALSO AVAILABLE. THE HEALTH CARE CENTERS INCLUDE 100 SKILLED, MEDICARE-CERTIFIED BEDS AND 95 INTERMEDIATE AND MEMORY CARE BEDS. DURING THE FILING YEAR, THE HEALTH CARE CENTERS SERVED A TOTAL OF 499 RESIDENTS. 19039016 0 21917923 WESTMINSTER PLACE IS A NOT-FOR-PROFIT INDEPENDENT LIVING, LIFE PLAN COMMUNITY (FORMERLY KNOWN AS CONTINUING CARE RETIREMENT COMMUNITY). INDEPENDENT LIVING FACILITY IN WESTMINSTER PLACE CONSISTS OF 235 APARTMENTS, TOWNHOUSES AND COTTAGES. SERVICES PROVIDED BY WESTMINSTER PLACE INCLUDE FLEXIBLE DINING OPTIONS, HOUSEKEEPING AND COMPLETE MAINTENANCE SERVICES, TRANSPORTATION AS WELL AS PLANNED SOCIAL AND EDUCATIONAL ACTIVITIES AND PROGRAMS. DURING THE FILING YEAR, WESTMINSTER PLACE SERVED 319 INDEPENDENT LIVING RESIDENTS. 8883556 0 8278630 THE ASSISTED LIVING FACILITY AT WESTMINSTER PLACE PROVIDES ASSISTED LIVING FOR OLDER ADULTS WHO NEEDED ASSISTANCE WITH PERSONAL CARE AND DAILY ACTIVITIES. IT CONSISTS OF 93 STUDIO, ONE AND TWO-BEDROOM APARTMENTS. DURING THE FILLING YEAR, WESTMINSTER PLACE ASSISTED LIVING FACILITY SERVED 128 RESIDENTS. 0 0 416383 OTHER PROGRAM SERVICES - REVENUE IS RELATED TO PROCEEDS FROM INSURANCE CLAIMS, LEASE INCOME FROM RELATED ORGANIZATIONS AND OTHER PROGRAM ACTIVITIES. 416383 51776686 true true false false false false false false false 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 68 0 true 537 true false false false false false false false false false false false false X 16 16 false true false false true true false true true false false false true true true true true true true true false false IL X MARK HAVRILKA 8479793904 8707 SKOKIE BLVD SUITE 400 SKOKIE IL 60077 ELINOR HITE Director /Secretary 1.0 2.0 X X 0 0 0 ERIC MOLLMAN Director /Co-Chair 1.0 2.0 X X 0 0 0 MIKE LINCOLN Director /Treasurer 1.0 2.0 X X 0 0 0 VINCE KELLY Director /Co-Chair 1.0 2.0 X X 0 0 0 CHARLIE DENISON Director 1.0 2.0 X 0 0 0 DENNIS MARX Director 1.0 2.0 X 0 0 0 JESSICA STRAUSBAUGH Director 1.0 2.0 X 0 0 0 JIM BRAULT Director 1.0 2.0 X 0 0 0 JULIE SEYMOUR Director 1.0 2.0 X 0 0 0 MARK WETZEL Director 1.0 2.0 X 0 0 0 MARSHA OBERREIDER Director 1.0 2.0 X 0 0 0 PAULA NOBLE Director 1.0 2.0 X 0 0 0 REV MICHAEL KIRBY Director 1.0 2.0 X 0 0 0 ROBERT DEARBORN Director 1.0 2.0 X 0 0 0 SAM REYNOLDS Director 1.0 2.0 X 0 0 0 THOMAS MCAFEE Director 1.0 2.0 X 0 0 0 MARK HAVRILKA CFO 11.0 26.5 X 0 697225 110992 NADIM ABI-ANTOUN CEO 11.0 26.5 X 0 939197 217349 SHANNON GUTIERREZ COO 13.0 24.5 X 0 389561 35207 JOSEPH HASSEL VP, Facility Management 9.5 28.0 X 0 293579 48016 SAMANTHA VICTOR-ALVARADO VP, Human Resources 9.5 28.0 X 0 216648 67064 SETH AWES Executive Director (Beg. 10/24) 37.5 0.0 X 40162 135324 33868 WILLIAM CASPER Executive Director (Thru. 10/24) 37.5 0.0 X 216201 0 21805 ALPANA PATEL VP, Clinical Services 13.0 24.5 X 0 238709 38275 LINDSEY AUMICK Director of Finance 11.0 26.5 X 0 237036 24800 PETER JAGGARD Medical Director 30.0 0.0 X 213126 0 12245 RAMONA WILT VP, Marketing and Sales 13.0 24.5 X 0 256670 54408 RAYMOND BENEGAS VP, Information Technology 9.5 28.0 X 0 257890 61115 ANDREW WISSEL Director, HR / Former VP, HR 13.0 24.5 X 0 181929 38704 TODD SWORTZEL Executive Advisor/Former CEO 7.5 30.0 X 0 853267 12202 469489 4697035 776050 37 true true false ILLINOIS CONSTRUCTION SERVICES INC 1733 N 33rd Street Stone Park IL 60165 Construction 3764068 UNIDINE CORPORATION 1000 Washington Street Suite 510 Boston MA 02118 Dining / Food Services 3053662 SKENDER CONSTRUCTION LLC 1330 W Fulton St STE 200 Chicago IL 60607 Construction 2572568 JOLEN ELECTRIC AND COMMUNICATIONS INC 3259 Holeman Avenue South Chicago Heights IL 60411 Electrical Contractor 1396134 COLLEY ELEVATOR COMPANY 226 Williams Street Bensenville IL 60106 Elevator Maintenance and Modernization 1298986 31 0 0 0 2702050 36876 0 0 2738926 Health Care Fees 623000 25716825 25716825 Independent Living Fees 623000 15544267 15544267 Assisted Living Fees 623000 8278630 8278630 Deferred Entrance Fee Income 623000 6373656 6373656 228860 228860 0 0 56142238 2378580 2378580 84863 0 84863 0 84863 84863 2462000 2428560 33440 0 33440 33440 0 0 286001 278036 7965 7965 Net Proceeds From Insurance Claims 623000 187523 187523 0 0 0 0 187523 61573535 56329761 0 2504848 334619 334619 21870319 20814856 1055463 841778 817086 24692 2011974 1818399 193575 1662455 1548822 113633 3863988 3863988 51018 51018 37919 37919 22599 22599 4405320 4197733 207587 0 761047 761047 143707 129415 14292 862658 551658 311000 154 73 81 1467380 1432908 34472 11979041 11979041 619343 619343 Building Svcs & Utilities 3460636 3458985 1651 Food Costs and Dining Supplies 1928700 1928700 Real Estate and Provider Tax 1111764 1111764 Drugs and Other Supplies 1055776 1050736 5040 492197 317167 175030 0 58984392 51776686 7207706 0 2883025 4852613 38129185 28767935 1576045 1769162 0 0 0 0 893335 860938 298560320 178517967 115723277 120042353 23910934 25320144 0 0 1360218 3572817 184476019 185185962 9123456 8290468 35846539 39285007 45352829 44147861 0 0 48985197 45070746 139308021 136794082 X 45167998 48391880 45167998 48391880 184476019 185185962 X 2589143 604772 29967 X false true true false X 4336646 3673991 3746932 2773606 2738926 17270101 46574051 48078568 52512474 55278802 56329761 258773656 201696 273446 292268 308667 286001 1362078 0 0 51112393 52026005 56551674 58361075 59354688 277405835 2964640 2605766 2502718 2526727 2702050 13301901 0 0 0 0 0 0 2964640 2605766 2502718 2526727 2702050 13301901 264103934 559722 615007 1379579 2524037 2463443 7541788 0 559722 615007 1379579 2524037 2463443 7541788 0 0 0 0 0 0 0 51672115 52641012 57931253 60885112 61818131 284947623 0.92685 0.92964 0.03 0.0208 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 333953 333953 248264050 151844117 96419933 47972269 26673850 21298419 1990048 1990048 120042353 Federal Income Taxes SAFEKEEPING ACCOUNTS 593925 REFUNDABLE ENTRANCE FEES 38963829 ENTRANCE FEE DEPOSITS 915115 LONG TERM LIABILITIES 4597877 45070746 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote PRESBYTERIAN LIVING, WESTMINSTER PLACE, AND GENEVA FOUNDATION OF PRESBYTERIAN LIVING FOLLOW THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE PARENT, WESTMINSTER PLACE, AND THE FOUNDATION FILE INFORMATIONAL RETURNS AS TAX-EXEMPT ORGANIZATIONS. THE INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. true true false false false false false true false TODD SWORTZEL Executive Advisor/Former CEO 0 143945 0 133112 0 576210 0 11557 0 645 0 865469 0 409825 NADIM ABI-ANTOUN CEO 0 479144 0 133886 0 326167 0 179520 0 37829 0 1156546 0 249412 MARK HAVRILKA CFO 0 360559 0 102447 0 234219 0 81284 0 29708 0 808217 0 152146 SHANNON GUTIERREZ COO 0 321470 0 66849 0 1242 0 8445 0 26762 0 424768 0 0 ANDREW WISSEL Director, HR / Former VP, HR 0 142879 0 31033 0 8017 0 10987 0 27717 0 220633 0 0 JOSEPH HASSEL VP, Facility Management 0 242504 0 43287 0 7788 0 31792 0 16224 0 341595 0 0 SAMANTHA VICTOR-ALVARADO VP, Human Resources 0 178773 0 37406 0 469 0 31845 0 35219 0 283712 0 0 WILLIAM CASPER Executive Director (Thru. 10/24) 97162 0 5000 0 114039 0 3955 0 17850 0 238006 0 21425 0 SETH AWES Executive Director (Beg. 10/24) 38624 103722 0 28604 1538 2998 5615 9339 4301 14613 50078 159276 0 0 RAYMOND BENEGAS VP, Information Technology 0 214319 0 41504 0 2067 0 25643 0 35472 0 319005 0 0 RAMONA WILT VP, Marketing and Sales 0 182090 0 46583 0 27997 0 39318 0 15090 0 311078 0 0 ALPANA PATEL VP, Clinical Services 0 174685 0 38502 0 25522 0 34339 0 3936 0 276984 0 2417 LINDSEY AUMICK Director of Finance 0 196202 0 40439 0 395 0 13912 0 10888 0 261836 0 0 PETER JAGGARD Medical Director 202280 0 1096 0 9750 0 12245 0 0 0 225371 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE COMPENSATION COMMITTEE OF PRESBYTERIAN LIVING IS RESPONSIBLE FOR ALL COMPENSATION AND BENEFIT MATTERS FOR SENIOR MANAGEMENT AND KEY EMPLOYEES. PRESBYTERIAN LIVING ANNUALLY PARTICIPATES IN AN INDUSTRY SPECIFIC EXECUTIVE COMPENSATION SURVEY. THE RESULTS OF THIS SURVEY ARE REVIEWED BY MANAGEMENT AND SHARED WITH THE COMMITTEE AS NECESSARY. IN ADDITION THE COMMITTEE REGULARLY ENGAGES AN EXTERNAL COMPENSATION CONSULTING FIRM TO ASSIST IN ITS REVIEW OF THE LEVEL OF COMPENSATION, INCENTIVES AND BENEFITS FOR SENIOR EXECUTIVES AND KEY EMPLOYEES EVERY THREE YEARS. THE COMPENSATION CONSULTANTS ACCUMULATE AND PRESENT TO THE COMPENSATION COMMITTEE MARKET INFORMATION FOR EACH SENIOR EXECUTIVE POSITION, SUMMARIZE INDIVIDUAL EXECUTIVE COMPENSATION, INCENTIVE AND BENEFITS PACKAGES AND BENCHMARK THAT INFORMATION TO THE INDUSTRY DATA THEY HAVE ACCUMULATED. ANNUALLY, THE ORGANIZATION'S STAFF AND/OR THE BOARD OF DIRECTORS PREPARES PERFORMANCE REVIEWS FOR ALL SENIOR MANAGERS AND KEY EMPLOYEES AND MAKES A RECOMMENDATION TO THE COMPENSATION COMMITTEE REGARDING COMPENSATION, INCENTIVES AND BENEFITS ADJUSTMENTS. THE COMPENSATION COMMITTEE CONSIDERS THE PERFORMANCE RECOMMENDATION, COMPARISONS OF TOTAL COMPENSATION BY EXECUTIVE TO MARKET COMPENSATION PERCENTILE FOR INDUSTRY EXECUTIVES WITH SIMILAR JOB TITLES AND/OR SKILL SETS, AND ORGANIZATIONAL NEEDS IN TERMS OF MEETING THE CHALLENGES OF THE UNIQUE BUSINESS OF PROVIDING SENIOR CARE SERVICES. THE COMPENSATION COMMITTEE MAKES A RECOMMENDATION REGARDING COMPENSATION AND BENEFITS CHANGES FOR SENIOR MANAGEMENT WHICH IS APPROVED ANNUALLY BY THE FULL BOARD OF DIRECTORS WITHIN THE BUDGET PROCESS. THE COMPENSATION COMMITTEE PROCEEDINGS ARE CONTEMPORANEOUSLY DOCUMENTED AND MINUTES ARE MAINTAINED AND ON FILE AT THE CORPORATE OFFICE. Schedule J, Part I, Line 4a Severance or change-of-control payment WILLIAM CASPER $24,721 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan PRESBYTERIAN HOMES, DBA PRESBYTERIAN LIVING (SOLE MEMBER OF WESTMINSTER PLACE) HAS ESTABLISHED A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. THE ORGANIZATION'S ACCRUALS INTO THE PLAN ARE RECORDED ON THE 990 AS DEFERRED COMPENSATION. HOWEVER, THESE MONIES VEST OVER A FIVE-YEAR PERIOD AND ARE ONLY ELIGIBLE TO BE RECEIVED BASED UPON THE ACHIEVEMENT OR SATISFACTION OF SOME FUTURE EVENT. THE PLAN CONTRIBUTIONS ARE NOT UNDER THE CONTROL OF THE EXECUTIVE, THEY REMAIN THE ASSET OF THE ORGANIZATION, AND THE ENTIRE PLAN IS SUBJECT TO A FULL RISK OF FORFEITURE BY THE INDIVIDUAL. DURING THE YEAR THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN: TODD SWORTZEL, NADIM ABI-ANTOUN, MARK HAVRILKA, SHANNON GUTIERREZ, SAMANTHA VICTOR-ALVARADO, JOSEPH HASSEL, RAYMOND BENEGAS, RAMONA WILT, ALPANA PATEL, SETH AWES AND WILLIAM CASPER. DURING THE YEAR TODD SWORTZEL RECEIVED PAYMENTS TOTALING $173,622 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR NADIM ABI-ANTOUN RECEIVED PAYMENTS TOTALING $54,812 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR MARK HAVRILKA RECEIVED PAYMENTS TOTALING $47,985 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR WILLIAM CASPER RECEIVED PAYMENTS TOTALING $21,425 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE YEAR ALPANA PATEL RECEIVED PAYMENTS TOTALING $2,417 FROM A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. EFFECTIVE APRIL 1, 2021, PRESBYTERIAN LIVING (SOLE MEMBER OF WESTMINSTER PLACE) HAS ESTABLISHED AN EXECUTIVE RETENTION BONUS PROGRAM, A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION AGREEMENT. THE ORGANIZATION'S ACCRUALS INTO THE AGREEMENT ARE RECORDED ON THE 990 AS DEFERRED COMPENSATION. THESE COMPENSATIONS ARE VESTED OVER A THREE-YEAR PERIOD FOR THE CEO AND COO, AND A FOUR-YEAR PERIOD FOR THE CFO, AND ARE SUBJECT TO EXECUTIVE'S SATISFACTION OF THE TERMS AND CONDITIONS OF THE AGREEMENT. THE CONTRIBUTIONS OF THIS AGREEMENT ARE NOT UNDER THE CONTROL OF THE EXECUTIVE, AND THEY REMAIN THE ASSET OF THE ORGANIZATION. THE ENTIRE AGREEMENT IS SUBJECT TO A FULL RISK OF FORFEITURE BY THE INDIVIDUAL. DURING THE YEAR THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS RETENTION BONUS PROGRAM: TODD SWORTZEL, NADIM ABI-ANTOUN AND MARK HAVRILKA. DURING THE YEAR TODD SWORTZEL RECEIVED PAYMENTS TOTALING $257,906 FROM THE EXECUTIVE RETENTION BONUS PROGRAM. DURING THE YEAR NADIM ABI-ANTOUN RECEIVED PAYMENTS TOTALING $213,727 FROM THE EXECUTIVE RETENTION BONUS PROGRAM. DURING THE YEAR MARK HAVRILKA RECEIVED PAYMENTS TOTALING $144,360 FROM THE EXECUTIVE RETENTION BONUS PROGRAM. Schedule J, Part I, Line 7 Non-fixed payments AS INDICATED IN SCHEDULE J, PART II, THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION RECEIVED A BONUS BASED ON PERFORMANCE, CENSUS METRICS AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THIS BONUS WAS APPROVED BY BOARD OF DIRECTORS UPON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. A ILLINOIS FINANCE AUTHORITY 861091967 45204EBD9 2016-04-27 114484316 TO REFUND THE SERIES 1996A, 2001, 2006 AND 2007 BONDS false false false B ILLINOIS FINANCE AUTHORITY 861091967 45204FHL2 2021-03-31 70917301 TO REFUND SERIES 2016B BONDS & FUND COSTS OF CERTAIN WESTMINSTER FACILITIES false false false A 8221823 0 14230400 0 0 0 230400 0 0 0 14000000 0 2001 true false true true B 1010000 0 41493781 0 0 0 476620 0 0 36915261 4101900 0 2023 true false true true A false false true true false false 0.0 0.0 0.0 false false 0 false true B false false true true false false 0.0 0.0 0.0 false false 0 false true A false false true true true false 0 false false false 0 false false true B false true false false true false 0 false false false 0 false false true A true B true Schedule K, Part II, Line 3 BOND A THE 2016 BOND WAS ISSUED FOR THE BENEFIT OF PRESBYTERIAN HOMES (DBA PRESBYTERIAN LIVING) AND WESTMINSTER PLACE. TOTAL PROCEEDS FOR THE BOND IS $114,484,316. $14,230,400 OF THE TOTAL PROCEEDS IS ALLOCABLE TO WESTMINSTER PLACE. THE REMAINING PROCEEDS OF $100,253,916 ARE REPORTED ON THE FORM 990, SCHEDULE K OF PRESBYTERIAN HOMES. Schedule K, Part II, Line 7 BOND A TOTAL ISSUANCE COST FOR THE BOND IS $1,817,171. $230,400 OF THE TOTAL COST IS ALLOCABLE TO WESTMINSTER PLACE. THE REMAINING COST OF $1,586,771 IS REPORTED ON THE FORM 990, SCHEDULE K OF PRESBYTERIAN HOMES. Schedule K, Part II, Line 3 BOND B THE 2021 BOND WAS ISSUED FOR THE BENEFIT OF PRESBYTERIAN HOMES AND WESTMINSTER PLACE. TOTAL PROCEEDS FOR THE BOND IS $70,917,301. $41,493,781 OF THE TOTAL PROCEEDS IS ALLOCABLE TO WESTMINSTER PLACE. THE REMAINING PROCEEDS OF $29,423,520 ARE REPORTED ON THE FORM 990, SCHEDULE K OF PRESBYTERIAN HOMES. Schedule K, Part II, Line 7 BOND B TOTAL ISSUANCE COST FOR THE BOND IS $1,002,040. $476,620 OF THE TOTAL COST IS ALLOCABLE TO WESTMINSTER PLACE. THE REMAINING COST OF $525,420 IS REPORTED ON THE FORM 990, SCHEDULE K OF PRESBYTERIAN HOMES. Schedule K, Part IV, Line 2c COLUMN A Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 04/19/2021 Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 0 including grants of $ 0)(Revenue $ 416,383) OTHER PROGRAM SERVICES - REVENUE IS RELATED TO PROCEEDS FROM INSURANCE CLAIMS, LEASE INCOME FROM RELATED ORGANIZATIONS AND OTHER PROGRAM ACTIVITIES. Form 990, Part VI, Line 1a Governing Body and Management THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, THE VICE CHAIR, THE SECRETARY, THE TREASURER, AND SUCH ADDITIONAL MEMBERS OF THE BOARD AS FROM TIME TO TIME MAY BE DETERMINED BY THE BOARD OF DIRECTORS. THE PRESIDENT/CEO SHALL BE A NON-VOTING ATTENDEE AT ALL MEETINGS OF THE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN EMERGENCIES WHEN CONVENING THE FULL BOARD IS NOT PRACTICABLE AND SHALL REPORT ITS ACTIONS TO THE BOARD AT THE EARLIEST OPPORTUNITY. Form 990, Part VI, Line 3 Delegation of management duties THE ORGANIZATION HAS AN AGREEMENT WITH PRESBYTERIAN HOMES MANAGER, LLC WHO EMPLOYS THE MANAGEMENT TEAM AND MANAGES THE FACILITIES AND PROVIDES A NUMBER OF SERVICES ON A CENTRALIZED BASIS UNDER THE TERMS OF A SEPARATE MANAGEMENT SERVICES AGREEMENT. PURSUANT TO THE MANAGEMENT SERVICES AGREEMENT, THE FEE IS DETERMINED ON AN ANNUAL BASIS BY AGREEMENT BETWEEN PH MANAGER, LLC AND THE ORGANIZATION. TOTAL MANAGEMENT FEES PAID FOR THE YEAR ENDED MARCH 31, 2025 WERE $ 3,863,988, 6.25% OF THE ORGANIZATION'S BUDGETED REVENUES. Form 990, Part VI, Line 6 Classes of members or stockholders THE SOLE CORPORATE MEMBER OF WESTMINSTER PLACE IS PRESBYTERIAN HOMES, DBA PRESBYTERIAN LIVING (EIN 47-1545753). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ARTICLE I, SECTION 4 OF THE BYLAWS INDICATES THAT THE MEMBER (PRESBYTERIAN LIVING) SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBER. ARTICLE III, SECTION 1 OF THE BYLAWS INDICATES THAT THE NUMBER OF DIRECTORS MAY BE DECREASED TO NOT FEWER THAN THREE (3) OR INCREASED TO ANY NUMBER FROM TIME TO TIME BY THE MEMBER (PRESBYTERIAN LIVING), IN A WRITING SIGNED BY THE MEMBER (PRESBYTERIAN LIVING). Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, AND IS THEN PRESENTED TO THE AUDIT COMMITTEE, WHICH ACTS AS A REPRESENTATIVE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THIS IS ACCOMPLISHED PRIOR TO THE FILING OF THE FORM 990. THE AUDIT COMMITTEE FORWARDS ITS RECOMMENDATION FOR ACCEPTANCE OF THE FORM 990 TO THE BOARD OF DIRECTORS. COPIES OF THE FORM 990 ARE ALSO FORWARDED TO THE ENTIRE BOARD FOR THEIR REVIEW AND COMMENT PERIOD. THE BOARD THEN ACTS ON THE RECOMMENDATION OF THE AUDIT COMMITTEE PRIOR TO THE 990 BEING FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy AN EXTENSIVE CONFLICTS OF INTEREST POLICY WAS ADOPTED IN APRIL 2001 AND MOST RECENTLY REVISED IN 2019. THE POLICY DEFINES COVERED FIDUCIARIES AS PERSONS TO WHOM THIS POLICY APPLIES, AND INCLUDES ALL DIRECTORS, OFFICERS, IDENTIFIED KEY EMPLOYEES AND AGENTS OF PRESBYTERIAN LIVING. AN ANNUAL DISCLOSURE FORM IS PROVIDED TO ALL IDENTIFIED COVERED FIDUCIARIES FOR COMPLETION AND RETURN. PRESBYTERIAN LIVING ALSO ASKS ALL COVERED FIDUCIARIES TO PROVIDE DISCLOSURE WHENEVER CONFLICTS OR DUALITIES OF INTEREST ARISE OR ARE SUSPECTED. IN ADDITION, ALL COMMITTEE CHAIRS REMIND DIRECTORS AT ALL MEETINGS OF THE BOARD OR BOARD COMMITTEES TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OR DUALITIES AS ONE OF THEIR ONGOING DUTIES UNDER THE POLICY. COVERED FIDUCIARIES ARE REQUIRED TO DISCLOSE ANY FACTS OR CIRCUMSTANCES THAT MIGHT GIVE RISE TO POTENTIAL CONFLICTS OR DUALITIES. THE RESIDENT/CEO OR HIS/HER DESIGNEE REVIEWS THE ANNUAL DISCLOSURE STATEMENTS SUBMITTED BY COVERED FIDUCIARIES AND DETERMINE SPECIFICALLY ANY ACTUAL OR POTENTIAL CONFLICTS OR DUALITIES OF INTEREST. THE PRESIDENT/CEO/DESIGNEE SHALL ADVISE THE APPROPRIATE BOARD OR BOARD COMMITTEE CHAIR AND THE AFFECTED COVERED FIDUCIARY(IES) ON THOSE MATTERS FOR WHICH CERTAIN COVERED FIDUCIARIES SHOULD NOT VOTE. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION COMMITTEE OF PRESBYTERIAN HOMES (DBA PRESBYTERIAN LIVING) IS RESPONSIBLE FOR ALL COMPENSATION AND BENEFIT MATTERS FOR SENIOR MANAGEMENT AND KEY EMPLOYEES. PRESBYTERIAN LIVING ANNUALLY PARTICIPATES IN AN INDUSTRY SPECIFIC EXECUTIVE COMPENSATION SURVEY. THE RESULTS OF THIS SURVEY ARE REVIEWED BY MANAGEMENT AND SHARED WITH THE COMMITTEE AS NECESSARY. IN ADDITION THE COMMITTEE REGULARLY ENGAGES AN EXTERNAL COMPENSATION CONSULTING FIRM TO ASSIST IN ITS REVIEW OF THE LEVEL OF COMPENSATION, INCENTIVES AND BENEFITS FOR SENIOR EXECUTIVES AND KEY EMPLOYEES EVERY THREE YEARS. THE COMPENSATION CONSULTANTS ACCUMULATE AND PRESENT TO THE COMPENSATION COMMITTEE MARKET INFORMATION FOR EACH SENIOR EXECUTIVE POSITION, SUMMARIZE INDIVIDUAL EXECUTIVE COMPENSATION, INCENTIVE AND BENEFITS PACKAGES AND BENCHMARK THAT INFORMATION TO THE INDUSTRY DATA THEY HAVE ACCUMULATED. ANNUALLY, THE ORGANIZATION'S STAFF AND/OR THE BOARD OF DIRECTORS PREPARES PERFORMANCE REVIEWS FOR ALL SENIOR MANAGERS AND KEY EMPLOYEES AND MAKES A RECOMMENDATION TO THE COMPENSATION COMMITTEE REGARDING COMPENSATION, INCENTIVES AND BENEFITS ADJUSTMENTS. THE COMPENSATION COMMITTEE CONSIDERS THE PERFORMANCE RECOMMENDATION, COMPARISONS OF TOTAL COMPENSATION BY EXECUTIVE TO MARKET COMPENSATION PERCENTILE FOR INDUSTRY EXECUTIVES WITH SIMILAR JOB TITLES AND/OR SKILL SETS, AND ORGANIZATIONAL NEEDS IN TERMS OF MEETING THE CHALLENGES OF THE UNIQUE BUSINESS OF PROVIDING SENIOR CARE SERVICES. THE COMPENSATION COMMITTEE MAKES A RECOMMENDATION REGARDING COMPENSATION AND BENEFITS CHANGES FOR SENIOR MANAGEMENT WHICH IS APPROVED ANNUALLY BY THE FULL BOARD OF DIRECTORS WITHIN THE BUDGET PROCESS. THE COMPENSATION COMMITTEE PROCEEDINGS ARE CONTEMPORANEOUSLY DOCUMENTED AND MINUTES ARE MAINTAINED AND ON FILE AT THE CORPORATE OFFICE. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE PUBLIC. CONTACT FOR THE INFORMATION IS THE CHIEF FINANCIAL OFFICER, MARK HAVRILKA AT PRESBYTERIAN LIVING, 8707 SKOKIE BOULEVARD, SUITE 400, SKOKIE, IL 60077. THE FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE ILLINOIS ATTORNEY GENERAL'S OFFICE. Form 990, Part VII, Section A Compensation of Officers, Directors, Trustees, Etc. THE CHIEF EXECUTIVE OFFICER ASSIGNS 70 PERCENT OF HIS TIME TO RELATED ORGANIZATIONS, PRESBYTERIAN HOMES (DBA PRESYTERIAN LIVING) AND GENEVA FOUNDATION, AND 30 PERCENT OF HIS TIME TO THE FILING ORGANIZATION, WESTMINSTER PLACE. THE CHIEF FINANCIAL OFFICER ASSIGNS 70 PERCENT OF HIS TIME TO PRESBYTERIAN HOMES AND GENEVA FOUNDATION, AND 30 PERCENT OF HIS TIME TO WESTMINSTER PLACE. Form 990, Part VIII, Line 2f Other Program Service Revenue - Total Revenue: 228860, Related or Exempt Function Revenue: 228860, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CAPTIVE MEMBER'S SAVING ALLOCATION - 29967; Total - 29967; GENEVA FOUNDATION OF PRESBYTERIAN LIVING 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 710945228 SUPPORTING ORGANIZATION IL 501(c)(3) Type I PRESBYTERIAN HOMES DBA PRESBYTERIAN LIVING false PRESBYTERIAN HOMES DBA PRESBYTERIAN LIVING 8707 SKOKIE BOULEVARD SUITE 400 SKOKIE IL 60077 471545753 LIFE PLAN COMMUNITIES IL 501(c)(3) 10 NA false false false true false false false false false false false false false false true true false false false false