2024-08-07T13:33:46-05:00 2023-12-31 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2023-01-01 391531532 HARWOOD PLACE INC HARW 4142566800 7500 W NORTH AVENUE WAUWATOSA WI 53213 KATHRYN CAVERS PRESIDENT & CEO 4142566800 2024-07-29 1 0 SOLOMON MARDAKHAEV P01806552 6105653930 2024-07-29 2023 2024-08-08 14:25:15Z KATHRYN CAVERS 7500 W NORTH AVENUE WAUWATOSA WI 53213 13703575 0 X WWW.THELUTHERANHOME.ORG X 1988 DE HARWOOD PLACE PROVIDES ASSISTED LIVING AND INDEPENDENT LIVING. 14 14 123 82 0 0 7482 2691153 8370760 8367114 -259894 198336 0 0 8118348 11256603 0 0 0 0 3677083 3770568 0 0 0 4745512 5014549 8422595 8785117 -304247 2471486 17346361 18194280 33131089 31263787 -15784728 -13069507 HARWOOD PLACE, INC. IS DEDICATED TO SERVING OLDER ADULTS AND ENRICHING THE LIVES OF THOSE WE TOUCH BY PROVIDING COMPASSIONATE AND LOVING CARE. 0 0 4807218 0 6028247 RETIREMENT HOUSING - HARWOOD LEASES 170 INDEPENDENT LIVING APARTMENTS THAT ARE ALL LICENSED AS RCAC'S. THE APARTMENTS RANGE IN SQUARE FOOTAGE WITH ONE OR TWO BEDROOM OPTIONS. SERVICES OFFERED INCLUDE A WELLNESS CENTER, RESTAURANT, GIFT SHOP, EXTRACURRICULAR ACTIVITIES, MEAL PLAN, HOUSEKEEPING SERVICES, LAUNDRY ROOMS, GUEST ROOMS, IN-HOUSE BEAUTY SHOP, CHAPEL SERVICES, AND RCAC SERVICES. DURING THE YEAR HARWOOD AVERAGED 138 LEASED APARTMENTS. 1869084 0 2338867 COMMUNITY BASED RESIDENTIAL FACILITY - HARWOOD HAS A 32 UNIT CBRF FOR FRAIL ELDERLY NOT NEEDING NURSING HOME SERVICES YET BUT UNABLE TO LIVE INDEPENDENTLY. THE SERVICES OFFERED ARE 24 HOUR NURSING SERVICES, 3 MEALS PER DAY, HOUSEKEEPING, AND LAUNDRY SERVICES. THE CBRF RESIDENTS ALSO HAVE ACCESS TO THE WELLNESS CENTER, IN-HOUSE BEAUTY SHOP, CHAPEL SERVICES, AND EXTRACURRICULAR ACTIVITIES. DURING THE YEAR HARWOOD AVERAGED 30 FILLED CBRF ROOMS. 6676302 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 34 0 123 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X HENRIK CLAUSEN 4142566800 7500 W NORTH AVENUE WAUWATOSA WI 53213 TIM REARDON CHAIRPERSON 1.00 1.00 X X 0 0 0 DAVE SANDSTROM VICE CHAIRPERSON 1.00 2.00 X X 0 0 0 KRIS SURMA TREASURER 1.00 1.00 X X 0 0 0 DIANE EHN SECRETARY 1.00 1.00 X X 0 0 0 CHYTANIA BROWN DIRECTOR 1.00 1.00 X 0 0 0 JIM DENOR DIRECTOR 1.00 1.00 X 0 0 0 MERILOU GONZALES DIRECTOR 1.00 1.00 X 0 0 0 AARON HOLTEBECK DIRECTOR (THRU APR 2023) 1.00 2.00 X 0 0 0 BEN JUECH DIRECTOR 1.00 2.00 X 0 0 0 BEN KEBBEKUS DIRECTOR 1.00 1.00 X 0 0 0 BRIAN KILB DIRECTOR 1.00 1.00 X 0 0 0 GARY MUELLER DIRECTOR 1.00 1.00 X 0 0 0 HARRIET PEDERSEN DIRECTOR 1.00 1.00 X 0 0 0 RON PHILLEO DIRECTOR 1.00 1.00 X 0 0 0 DIANA RAASCH DIRECTOR (THRU APR 2023) 1.00 2.00 X 0 0 0 PAUL ROSENBERG DIRECTOR 1.00 1.00 X 0 0 0 DAVID SINENSE DIRECTOR (THRU APR 2023) 1.00 1.00 X 0 0 0 KATHY CAVERS PRESIDENT & CEO 16.00 24.00 X 0 241897 24176 HENRIK CLAUSEN VP OF FINANCE & CFO 16.00 24.00 X 0 141869 8995 SHERI POLCZYNSKI EXECUTIVE DIRECTOR 40.00 X 106876 0 2999 106876 383766 36170 1 0 1 0 STIER CONSTRUCTION N8 W22195 JOHNSON DRIVE 160 WAUKEHSA WI 53186 APARTMENT RENOVATION SERVICES 1391631 TREES ON THE MOVE 5611 S CALHOUN RD NEW BERLIN WI 53151 ROOF RENOVATION, LANDSCAPING 311155 A & A CONTRACTORS 1323 W WATERFORD AVENUE ST FRANCIS WI 53235 APARTMENT RENOVATION SERVICES 239864 RED STONE ENTERPRISES 10710 W SCHARLES AVE HALES CORNERS WI 53130 APARTMENT RENOVATION SERVICES 150400 4 2500000 64490 126663 2691153 NET RESIDENT SERVICE REVENUE 623000 7122420 7122420 AMORTIZATION OF ENTRANCE FEES 623000 422125 422125 822569 822569 8367114 158864 158864 2486444 2446972 39472 39472 39472 11256603 8367114 0 198336 109875 109875 3038572 2512919 525653 34838 30225 4613 358774 286630 72144 228509 182558 45951 642344 642344 2138 2138 14753 14753 600222 568158 32064 89485 89485 163364 163364 713011 644001 69010 11913 11913 307129 307129 1729311 1642844 86467 125320 125320 RAW FOOD 469917 469917 SUPPLIES 41381 41381 EQUIPMENT MAINTENANCE 28547 28547 MINOR EQUIPMENT 16006 16006 59708 31921 27787 8785117 6676302 2108815 0 655424 433049 72474 55822 15159 13661 47314635 34819014 11957981 12495621 4583237 5007658 62086 188469 17346361 18194280 578427 830432 1494345 1604663 9440908 8644036 20232733 20178290 1384676 6366 33131089 31263787 X -15785028 -13190719 300 121212 -15784728 -13069507 17346361 18194280 2471486 243735 0 X 0 1 X 1 0 X 30682 97681 104377 7482 2570241 2810463 8009856 8065259 8289153 8370760 8367114 41102142 8040538 8162940 8393530 8378242 10937355 43912605 0 0 0 43912605 175838 147253 158362 120318 158864 760635 175838 147253 158362 120318 158864 760635 8216376 8310193 8551892 8498560 11096219 44673240 0.98300 0.98130 0.01700 0.01870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1153911 1153911 34689375 24900958 9788417 11393105 9918056 1475049 78244 78244 12495621 DUE TO THE LUTHERAN HOME, INC. 6366 6366 11500338 243735 243735 11256603 0 11256603 8785117 0 8785117 0 8785117 PART IV, LINE 2B: THE ACCOUNTS THAT THE HARWOOD PLACE IS A CUSTODIAN FOR ARE RESERVATION DEPOSITS, REFUNDABLE ENTRANCE FEES AND RESIDENT TRUST FUNDS. WHEN THE RESIDENT MOVES OUT, THE RESERVATION DEPOSIT AND REFUNDABLE ENTRANCE FEES ARE GIVEN BACK TO THEM. THE RESIDENT TRUST FUNDS ARE FOR RESIDENTS TO USE AS THEY WISH FOR PERSONAL EXPENSES. X X X 0 0 0 0 0 0 0 0 0 KATHY CAVERS PRESIDENT & CEO 0 222397 0 19500 0 0 0 7015 0 17161 0 266073 0 0 HENRIK CLAUSEN VP OF FINANCE & CFO 0 139869 0 2000 0 0 0 0 0 8995 0 150864 0 0 PART I, LINE 3 THE ORGANIZATION RELIES ON THE LUTHERAN HOME, INC., A RELATED 501(C)(3) ORGANIZATION, TO ESTABLISH THE COMPENSATION FOR ITS OFFICERS. THE LUTHERAN HOME, INC. BOARD OF DIRECTOR'S HUMAN RESOURCE COMMITTEE USES AN INDUSTRY SPECIFIC SALARY SURVEY AND OTHER CURRENT COMPENSATION DEEMED COMPARABLE AND NECESSARY TO ESTABLISH CURRENT COMPENSATION. A PUBLIC FINANCE AUTHORITY 273866124 2018-10-30 12500000 TO REFINANCE EXISTING BONDS 2002 SERIES AND 2012 SERIES 0 0 0 A 12500000 11367759 132241 2003 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 6 LUTHERAN LIVING SERVICES, INC., A WISCONSIN NONPROFIT CORPORATION RECOGNIZED AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS THE SOLE STOCKHOLDER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A FOR AS LONG AS LUTHERANLIVING SERVICES, INC. IS THE SOLE STOCKHOLDER OF THE CORPORATION, THE BOARD OF DIRECTORS SHALL BE COMPRISED OF THOSE INDIVIDUALS ON AN EX OFFICIO BASIS WHO SERVE FROM TIME TO TIME AS DIRECTORS OF LUTHERANLIVING SERVICES, INC. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS MAY BE ALTERED, AMENDED OR REPEALED AND NEW BY-LAWS MAY BE ADOPTED BY THE STOCKHOLDERS. THE BOARD OF DIRECTORS MAY ALSO ALTER, AMEND OR REPEAL THE BY-LAWS; BUT NO BY-LAW ADOPTED BY THE STOCKHOLDERS SHALL BE AMENDED OR REPEALED BY THE BOARD OF DIRECTORS IF THE BY-LAW SO ADOPTED SO PROVIDES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR ITS REVIEW AND APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. COPIES ARE MADE AVAILABLE TO ANY MEMBER OF THE BOARD UPON THEIR REQUEST. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR DURING THE FIRST BOARD MEETING OF THE YEAR, ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST FORM, WHICH IS TURNED INTO THE PRESIDENT/CEO OF THE COMPANY. BOARD MEMBERS ARE EXCUSED FROM VOTING ON MATTERS WHERE A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE OF THE HARWOOD PLACE, INC. RECOMMENDS THE CEO'S SALARY BASED ON INFORMATION FROM PAYSOURCE AND LEADINGAGE PROVIDED BY THE VICE PRESIDENT OF HUMAN RESOURCES, ALONG WITH SALARIES GATHERED FROM THE PUBLISHED FORM 990 OF THE CORPORATION'S TOP 10 COMPETITORS. THE BOARD'S EXECUTIVE COMMITTEE APPROVES THE SALARY RECOMMENDATION. OTHER OFFICERS AND THE ADMINISTRATIVE LEADERSHIP TEAM FOLLOW THAT SAME PROCESS BUT ONLY ADVISORY. CEO SETS THOSE SALARIES WITH BOARD COMMITTEE INPUT. THE FULL BOARD APPROVES THE ANNUAL BUDGET, WHICH INCLUDES ALL SALARY RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE LUTHERAN HOME INC 7500 W NORTH AVENUE WAUWATOSA WI 53213 390807205 NURSING HOME WI 501(C)(3) LINE 10 LUTHERANLIVING SERVICES INC 0 LUTHERANLIVING SERVICES INC 7500 W NORTH AVENUE WAUWATOSA WI 53213 391477207 STRATEGIC PLANNING & DEVELOPMENT WI 501(C)(3) LINE 10 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0