2024-11-05T07:55:52-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 10401 W INNOVATION DR STE 300 WAUWATOSA WI 53226 990 2023-01-01 390806215 MILWAUKEE CATHOLIC HOME INC MILW 4142203222 2462 NORTH PROSPECT AVENUE MILWAUKEE WI 53211 JESSICA HORNING CHIEF FINANCIAL OFFICER 4142203222 2024-11-03 1 0 KRISTEN DONLEVY P01670215 4144761880 2024-11-03 2023 2024-10-15 13:58:12Z JESSICA HORNING 2462 NORTH PROSPECT AVENUE MILWAUKEE WI 53211 34307721 0 X WWW.MILWAUKEECATHOLICHOME.ORG X 1913 WI THROUGH CATHOLIC TRADITION AND COMMITMENT, MILWAUKEE CATHOLIC HOME INC PROVIDES CONTINUING CARE SERVICES FOR OLDER ADULTS. 11 11 695 85 39442 0 620033 3140889 18821466 27556831 566334 485448 1107733 614467 21115566 31797635 0 21457 0 0 13742959 21053632 0 0 174068 8840847 10086317 22583806 31161406 -1468240 636229 43028533 44183984 26486902 26129038 16541631 18054946 ROOTED IN OUR CATHOLIC TRADITION AND COMMITMENT TO CHRISTIAN LOVE AND COMMUNITY, MILWAUKEE CATHOLIC HOME, INC. (MCH) PROVIDES CONTINUING CARE SERVICES FOR OLDER ADULTS. 0 0 25184682 21457 27522901 PROVIDING A VARIETY OF SERVICES TO SENIOR RESIDENTS WITH 112 INDEPENDENT LIVING APARTMENTS, 22 ASSISTED LIVING UNITS, AND A 107 BED SKILLED NURSING FACILITY. 25184682 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 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 1 1 0 0 0 1 85 0 695 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 WI X JESSICA HORNING 4142203222 2462 N PROSPECT AVE MILWAUKEE WI 53211 PATRICK M CANNON DIRECTOR 2.00 X 0 0 0 BRIDGET COFFEY TREASURER 2.00 X X 0 0 0 ROBERT DEVITA PRESIDENT 2.00 X X 0 0 0 JENNIFER DOERING PHD RN VICE PRESIDENT 2.00 X X 0 0 0 LORA OLENCHEK DIRECTOR 2.00 X 0 0 0 PETER MULLANEY SECRETARY 2.00 X X 0 0 0 DR LINDA WARD DIRECTOR 2.00 X 0 0 0 RICK SCHMIDT DIRECTOR 2.00 X 0 0 0 SR MARY KAY BROOKS DIRECTOR 2.00 X 0 0 0 PAUL CONNOLLY DIRECTOR 2.00 X 0 0 0 JOANNE HILL DIRECTOR 2.00 X 0 0 0 LINDA PRICE-TOPP DIRECTOR 2.00 X 0 0 0 DAVID FULCHER CHIEF EXECUTIVE OFFICER 45.00 X 307023 0 67548 ELIZABETH JOHNSTON CHIEF PEOPLE OFFICER 40.00 X 137778 0 27657 KATHLEEN GRANT CHIEF CLINICAL OFFICER 45.00 X 154110 0 31225 JESSICA HORNING CHIEF FINANCIAL OFFICER 45.00 X 145090 0 24793 PATRICK SHAUGHNESSY EXECUTIVE DIRECTOR 40.00 X 141875 0 51786 885876 0 203009 11 0 1 0 0 2837116 303773 3140889 NET RESIDENT SERVICE REVENUE 623000 20941982 20941982 MANAGEMENT SUPPORT SERVICES 623000 5963052 5963052 MANAGEMENT FEE REVENUE 623000 520456 520456 FARM PRODUCE INCOME 623000 97411 97411 GUEST ROOM REVENUE 623000 33930 33930 27556831 364840 364840 125720 0 125720 125720 125720 2630694 2510086 120608 120608 120608 MISC REVENUE 900099 424694 424694 CONSULTING REVENUE 541610 39442 39442 CATERING SALES 623000 13745 13745 10866 10866 488747 31797635 27522901 39442 1094403 21457 21457 17611211 15934942 1528927 147342 235713 247735 -13990 1968 1856696 1372249 475932 8515 1350012 1198570 144145 7297 15641 4548 11093 542201 542201 2272943 2071751 197969 3223 67653 66460 339 854 240069 219483 21858 -1272 993561 860068 132452 1041 58404 39540 18864 91275 41388 49837 50 447190 5834 441356 2089735 44065 2045670 189003 51318 137685 FOOD EXPENSE 1087334 1087071 263 REPAIRS AND MAINTENANCE 817089 760835 53798 2456 MEDICAL SUPPLIES 638992 638992 MEDICAID BED TAX ASSESS 218280 218280 316947 300096 14257 2594 31161406 25184682 5802656 174068 853577 759520 2837116 1576015 2223523 95710 104255 225730 80049 67961636 46802010 22464825 21159626 12733489 12547589 1885755 1972360 737200 314425 2456232 2185521 43028533 44183984 2163166 2295000 1320000 1441905 11629708 10222164 10690222 11512701 683806 657268 26486902 26129038 X 14774750 15944101 1766881 2110845 16541631 18054946 43028533 44183984 X 636229 1004156 -127070 X 0 1 X 1 0 X 357614 1338242 3346268 620033 3140889 8803046 18234733 16234683 16189807 18821466 27522901 97003590 989076 978458 1177985 486311 522677 4154507 19581423 18551383 20714060 19927810 31186467 109961143 6325 9598 4251 20174 0 6325 9598 4251 20174 109940969 376592 311507 406110 325563 490560 1910332 376592 311507 406110 325563 490560 1910332 19958015 18862890 21120170 20253373 31677027 111871475 0.98270 0.98160 0.01710 0.01820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1687981 103225 273604 65938 1998872 1534614 14000 225430 86063 1687981 1526646 16633 75880 84545 1534614 1410074 213942 14175 111545 1526646 1268077 215585 8270 81858 1410074 0.20000 0.80000 0 0 2261325 2261325 46026284 36130884 9895400 19340348 10671126 8669222 333679 333679 21159626 LINE OF CREDIT 600000 OPERATING LEASE LIABILITY 40937 FINANCING LEASE LIABILITY 16331 657268 32674721 1004156 -127070 877086 31797635 0 31797635 31161406 0 31161406 0 31161406 PART IV, LINE 2B: MCH'S RESIDENTIAL LIVING AGREEMENT (THE AGREEMENT) OFFERS RESIDENTS THREE FEE ARRANGEMENTS UPON RESIDENCY, INCLUDING MEMBERSHIP ENTRANCE FEE OR A SECURITY DEPOSIT AND A MONTHLY MAINTENANCE FEE, WHICH VARY DEPENDING ON THE SIZE OF THE UNIT OCCUPIED. MEMBERSHIP TYPE A REQUIRES THE LARGEST MEMBERSHIP ENTRANCE FEE WITH A LOWER MONTHLY MAINTENANCE FEE. TYPE B REQUIRES A MODERATE MEMBERSHIP ENTRANCE FEE AND A HIGHER MONTHLY MAINTENANCE FEE. TYPE C REQUIRES A SECURITY DEPOSIT AND A LARGER MONTHLY MAINTENANCE FEE. THE AGREEMENT MAY BE TERMINATED BY A RESIDENT VOLUNTARILY, BY A RESIDENT'S DEATH, OR BY MCH FOR JUST CAUSE. FOR AGREEMENTS EXECUTED PRIOR TO JULY 1, 2009, THE MEMBERSHIP ENTRANCE FEES OR SECURITY DEPOSITS WERE FULLY REFUNDABLE. FOR AGREEMENTS ENTERED INTO JULY 1, 2009 TO DECEMBER 31, 2013, THE MEMBERSHIP ENTRANCE FEES OR SECURITY DEPOSITS ARE 95% REFUNDABLE. FOR AGREEMENTS ENTERED INTO JANUARY 1, 2014 AND AFTER, THE MEMBERSHIP FEES OR SECURITY DEPOSITS ARE 90% REFUNDABLE. PART V, LINE 4: MCH HAS ESTABLISHED THE FOLLOWING ENDOWMENTS WHICH CONSIST OF VARIOUS DONORS - 1) CHAPLAINCY ENDOWMENT, 2) FINE ARTS ENDOWMENT, AND 3) BENEVOLENT CARE ENDOWMENT. THE ENDOWMENTS PROVIDE A STEADY, ONGOING SOURCE OF FUNDING FOR SEVERAL OF THE ORGANIZATION'S IMPORTANT PROGRAMS THAT IMPACT THE RESIDENT'S FINE ARTS EXPERIENCE, CHAPLAINCY SUPPORT AND BENEVOLENT CARE FUNDING. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INVESTMENT IN JOINT VENTURE -127,070. X X 0 0 0 0 0 0 0 0 0 DAVID FULCHER CHIEF EXECUTIVE OFFICER 227798 0 70500 0 8725 0 6402 0 61146 0 374571 0 0 0 PATRICK SHAUGHNESSY EXECUTIVE DIRECTOR 141875 0 0 0 0 0 3653 0 48133 0 193661 0 0 0 KATHLEEN GRANT CHIEF CLINICAL OFFICER 146024 0 0 0 8086 0 3732 0 27493 0 185335 0 0 0 JESSICA HORNING CHIEF FINANCIAL OFFICER 145090 0 0 0 0 0 0 0 24793 0 169883 0 0 0 ELIZABETH JOHNSTON CHIEF PEOPLE OFFICER 137778 0 0 0 0 0 3507 0 24150 0 165435 0 0 0 A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES 391337855 2012-11-27 5300000 RENOVATION OF BUILDINGS 0 0 0 B WISCONSIN HEALTH AND EDUCATIONAL FACILITIES 391337855 2019-09-27 11760000 TO REFUND THE SERIES 2013 BONDS 0 0 0 A 2306000 5300000 106000 5194000 2014 0 0 0 1 B 4456788 11760000 115000 4985000 6660000 2019 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE CORPORATION. THE IMMEDIATE PAST PRESIDENT SHALL ALSO SERVE ON THE EXECUTIVE COMMITTEE AS AN EX-OFFICIO MEMBER OF THE COMMITTEE FOR A PERIOD OF ONE YEAR. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, ALL THE POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION EXCEPT ELECTING OFFICERS OR FILLING VACANCIES IN THE BOARD OF DIRECTORS OR COMMITTEES OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE FOR EVALUATING THE CHIEF EXECUTIVE OFFICER OF THE CORPORATION ON AN ANNUAL BASIS, AND APPROVING THE SALARY AND PERFORMANCE BONUS, IF ANY. THE EXECUTIVE COMMITTEE SHALL MEET AT SUCH TIME OR TIMES AS DETERMINED BY THE PRESIDENT OF THE CORPORATION, OR BY A VICE PRESIDENT OF THE CORPORATION IN THE PRESIDENT'S ABSENSE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF VOTING MEMBERS. ANY PERSON PAYING THE REQUIRED MEMBERSHIP DUES ON OR BEFORE THE DATE OF AN ANNUAL MEETING OF MEMBERS SHALL BE A MEMBER FOR THE MEMBERSHIP YEAR CONCLUDING WITH THAT MEETING. MEMBERS MAY INCLUDE INDIVIDUALS, CORPORATIONS, LEGAL REPRESENTATIVES, FIDUCIARIES, FAMILY MEMBERS, AND SHARED MEMBERSHIPS. ALTHOUGH, EACH MEMBER IS ONLY ALLOWED A SINGLE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY MEMBERS OF FINANCE COMMITTEE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS CONSIDERED AN INTERESTED PERSON. A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT OR FAMILY: A) AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH MCH HAS A TRANSACTION OR ARRANGEMENT, OR, B) A COMPENSATION AGREEMENT WITH MCH OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH MCH HAS A TRANSACTION OR ARRANGEMENT, OR, C) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH MCH IS NEGOTIATING A TRANSACTION OR ARRANGEMENT IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER AND OTHER KEY EMPLOYEES IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE PROCESS INCLUDES COMPARISONS TO OTHER SALARIES WITHIN THE INDUSTRY USING SALARY SURVEYS FROM LEADING AGE AND MRA. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY OF MCH CAN BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE PROPER INTERESTED PARTY. INFORMATION FROM THE AUDITED FINANCIAL STATEMENTS IS REPRODUCED AND MADE AVAILABLE TO THE GENERAL PUBLIC THROUGH THE ANNUAL REPORT. FORM 990, PART XI, LINE 9: CHANGE IN INVESTMENT IN JOINT VENTURE -127,070. MILWAUKEE CATHOLIC HOME MANAGEMENT SERVICES LLC 2462 N PROSPECT AVENUE MILWAUKEE WI 53211 852050021 MANAGEMENT/CONSULTING WI 8418308 951893 MILWAUKEE CATHOLIC HOME INC CLARE GARDENS LLC 2462 N PROSPECT AVE MILWAUKEE WI 53211 811140508 ORGANIC FARM WI 129657 278365 MILWAUKEE CATHOLIC HOME INC TRINITY SENIOR SERVICES CARE PARTNERING LLC 2462 N PROSPECT AVE MILWAUKEE WI 53211 863665840 CARE PARTNER SERVICES WI 465418 61368 MILWAUKEE CATHOLIC HOME INC SSND MMU MCH VENTURE INC 9525 W BURLEIGH ST MILWAUKEE WI 53222 844473861 INDEPENDENT AND ASSISTED LIVING WI 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 SSND MMU MCH VENTURE INC M 372574 CONTRACTED FEE SSND MMU MCH VENTURE INC P 3570322 COST