2024-05-14T10:20:47+00:00 2023-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-07-01 352058981 University Place Inc UNIV 3313185200 11500 Theresa Drive Lemont IL 604392727 Richard Truesdale AVP - Finance and Accounting 2024-05-14 true Richard Truesdale 999009999 JENNIFER BURKE P01342224 3128997000 2022 2023-04-26 12:10:37Z Regina Umanskiy 11500 Theresa Drive Lemont IL 604392727 15654493 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 2 142 10 0 0 20960 19005 12997404 13511574 648224 468197 10169 17171 13676757 14015947 0 0 3116747 3791162 0 0 8976888 8440878 12093635 12232040 1583122 1783907 26271389 26855075 42827791 40953568 -16556402 -14098493 THE MISSION OF UNIVERSITY PLACE IS TO CELEBRATE LIFE AND SERVE WITH JOY. (CONTINUED ON SCHEDULE O). false false 3930887 5187222 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 101 IN FISCAL 2023. 3815103 4928731 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 28 IN FISCAL 2023. 2547018 3395621 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 43 IN FISCAL 2023. 10293008 true true 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 true 43 0 true 142 true false false false false false false false false false false false false X 3 2 true false false false true true true true false false false true true true true true true true true false IN X RICHARD D TRUESDALE 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 Judy L Amiano President & Chief Executive Officer through Sept 2022 0.1 39.9 X X 0 1100371 59468 Regina Umanskiy President & Chief Executive Officer as of Jul 2022 0.1 39.9 X X 0 183059 4805 Andrea Ramirez-Justin Secretary 0.1 0.9 X 0 0 0 Daniel Noonan Treasurer and Chief Financial Officer through Dec 2022 0.1 39.9 X 0 374804 36004 Denise Boudreau Assistant Secretary 0.1 39.9 X 0 65165 13741 Robert Rosenberger Treasurer and Chief Financial Officer as of Apr 2023 0.1 39.9 X 0 0 0 Tracy A Shearer Assistant Secretary 0.1 39.9 X 0 88472 16471 David Kinder Executive Director - University Place 40.0 0 X 158627 0 49461 Jeanne Smith Director of Sales and Marketing 40.0 0 X 106736 0 25907 265363 1811872 205856 2 false true false FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION 11500 THERESA DRIVE LEMONT IL 60439 MANAGEMENT SERVICES 800551 SYMBRIA REHAB INC 28100 TORCH PARKWAY SUITE 600 WARRENVILLE IL 60555 Therapy 729430 United Methodist Healthcare Recruitment 1415 Foster Ave Chicago IL 60640 Contracted nurse services 447786 Medical Staffing Solutions LLC 9700 Highway 57 N Ste A Evansville IN 47725 Temporary Nursing Staffing 187919 Destiny Harney dba Hoosier Staffing 1302 N 300 E Anderson IN 46012 Temporary Nursing Services 124388 6 0 19005 19005 Independent Living 623000 5187222 5187222 Nursing Home 623000 4928731 4928731 Assisted Living 623000 3395621 3395621 0 0 0 0 13511574 336462 336462 0 0 1770281 0 1581139 57407 189142 -57407 131735 131735 Miscellaneous Revenue 900099 15991 15991 Contracted labor 1180 1180 0 0 0 0 17171 14015947 13511574 0 485368 X 202471 60741 141730 0 2819115 2433048 386067 43578 37142 6436 0 490032 417665 72367 0 235966 201119 34847 0 800551 800551 594 594 25097 25097 49450 49450 2892395 2757613 134782 0 117993 117993 476892 270433 206459 7651 7651 896323 881805 14518 15566 14047 1519 2162 1958 204 1186942 1186942 190828 190828 Finance Charge 853373 853373 Resident Dining Needs 457189 457189 Medical Supplies 267942 267942 Bad Debt 99725 99725 100205 43445 56760 0 12232040 10293008 1939032 0 790 790 501518 767952 0 0 672103 364057 0 0 0 0 0 0 48322 49789 157231 98020 37863482 27955486 10376355 9907996 13959250 14818042 0 0 0 0 555820 848429 26271389 26855075 881806 919680 0 0 21558491 21368570 20327489 18592841 1181 1191 0 0 0 0 0 0 58824 71286 42827791 40953568 X -16608810 -14151201 52408 52708 0 0 0 0 0 0 -16556402 -14098493 26271389 26855075 X 1783907 475192 198810 X false true X true false X 12000 82839 374174 20960 19005 508978 10617484 11282728 11759629 12997403 13511574 60168818 71179 37202 3610 10169 17171 139331 0 0 10700663 11402769 12137413 13028532 13547750 60817127 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60817127 221010 239890 147940 173549 336462 1118851 0 221010 239890 147940 173549 336462 1118851 0 0 0 0 0 0 0 10921673 11642659 12285353 13202081 13884212 61935978 0.9819 0.9829 0.02 0.02 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 2659445 2659445 29805516 23528935 6276581 2950190 2313981 636209 2448331 2112570 335761 9907996 457 PLAN LONG TERM LIABILITY 58196 DEFERRED FICA UNCLAIMED FUNDS 13090 71286 X 14640502 475192 0 0 198813 674005 13966497 49450 0 49450 14015947 12182592 0 0 0 0 0 12182592 49450 -2 49448 12232040 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, 2023 AND 2022. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Loss on extinguishment of debt - -53290 Net change in unrealized gains - swap agreement - 252103 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements ROUNDING - -2 false true false false false false false true false Judy L Amiano President & Chief Executive Officer through Sept 2022 0 333298 0 207043 0 560030 0 49764 0 9704 0 1159839 0 0 Regina Umanskiy President & Chief Executive Officer as of Jul 2022 0 181655 0 125 0 1279 0 4158 0 647 0 187864 0 0 Daniel Noonan Treasurer and Chief Financial Officer through Dec 2022 0 277069 0 94809 0 2926 0 36004 0 0 0 410808 0 0 David Kinder Executive Director - University Place 135346 0 19620 0 3661 0 12411 0 37050 0 208088 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("FSCSC"), the sole corporate member, has the responsibility to establish compensation ranges for the organization's CEO/Executive Officer. The process for determining the appropriate compensation includes: 1. Review and approval by the executive compensation committee. 2. obtaining and analyzing comparable compensation data for similar persons in functionally comparable positions in similar organizations. 3. contemporaneous documentation and record keeping with respect to deliberations and decisions regarding the compensation arrangements is maintained. 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 ARE INCLUDED IN PART II COLUMN C: JUDY AMIANO - $20,114 DANIEL NOONAN - $7,357 Schedule J, Part I, Line 7 Non-fixed payments THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("FSCSC"), THE SOLE CORPORATE MEMBER, HAS THE RESPONSIBILITY TO PROVIDE ANY NON-FIXED PAYMENTS FOR THE ORGANIZATION'S CEO/EXECUTIVE OFFICER. DISCRETIONARY BONUSES ARE PAID UPON APPROVAL OF THE BOARD OF DIRECTORS TO SENIOR MANAGEMENT ANNUALLY, BASED UPON THE GOALS DEFINED BY THE BOARD OF DIRECTORS. A Illinois Finance Authority 861091967 45203HPP1 2013-03-13 19832432 2013A/B - Capital Projects and Refunding true false true B Illinois Finance Authority 861091967 45203H8Z8 2017-06-28 1763181 2017A-D - Capital Projects and Refunding false false true C ILLINOIS FINANCE AUTHORITY 861091967 000000000 2021-10-14 4439540 Series 2021 - Refunding Series 2017 Bonds false false true D ILLINOIS FINANCE AUTHORITY 861091967 000000000 2023-05-15 9947700 SERIES 2023 - REFUNDING SERIES 2013 BONDS false false true A 19914273 2058558 20121241 4956 0 0 396649 0 0 5258272 14461364 0 2016 true true true true B 1012810 0 1774284 67416 1612 0 35264 0 0 347832 1318630 0 2019 true false true true C 51800 4439540 77512 4362028 2021 true false true true D 9947700 0 9947700 0 0 0 179989 0 0 0 9767711 0 2023 true false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false false false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false false false true true false false false true B false false false true true false false false true C false false true false true true WINTRUST BANK 15.0 false false false false true D false false true false true true Huntington National Bank 15.0 false false false false true A true B true C true D true Schedule K, Part I, Column (f) Purpose of IFA - 2013A/B THE PURPOSE OF THE 2013A/B BONDS WAS, IN PART, TO REFUND THE FOLLOWING BOND SERIES: 1996B BONDS, ISSUE DATE 8/29/96; 2001A/B BONDS, ISSUE DATE 12/5/01; 2003A/B BONDS, ISSUE DATE 6/13/03; 2003D BONDS, ISSUE DATE 6/27/03; 2003E BONDS, ISSUE DATE 11/26/03; 2004A BOND, ISSUE DATE 3/31/04; 2004E BONDS, ISSUE DATE 9/28/04; 2006 BONDS, ISSUE DATE 7/12/06 AND 2004B BONDS, ISSUE DATE 3/31/04 AS WELL AS TO FUND CAPITAL PROJECTS. Schedule K, Part I, Column (i) POOLED FINANCING OF IFA SERIES 2013A/B $111,081,610 ILLINOIS FINANCE AUTHORITY REVENUE BONDS, SERIES 2013A/B Franciscan Communities, Inc. FEIN: 35-1124441 Amount Benefiting Organization: $91,249,178 University Place, Inc. FEIN: 35-2058981 Amount Benefiting Organization: $19,832,432 Schedule K, Part II, Line 3 TOTAL PROCEEDS OF ISSUE A. ILLINOIS FINANCE AUTHORITY 3/13/2013 TOTAL PROCEEDS of ISSUE: $20,121,241 TOTAL INVESTMENT EARNINGS: $288,809 B. ILLINOIS FINANCE AUTHORITY 6/28/2017 TOTAL PROCEEDS of ISSUE: $1,774,284 TOTAL INVESTMENT EARNINGS: $11,102 Total proceeds of issue do not include realized and unrealized gains and losses, which are reflected in gross proceeds in reserve funds (Line 4). Therefore, the summation of lines 4 through 12 may not equal line 3. 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 03/18/2018 Schedule K, Part IV, Line 2c COLUMN B 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 2 Family/business relationships amongst interested persons JUDY AMIANO, JAMES STARK,BOBBIE PARKHILL, ANDREA RAMIREZ-JUSTIN, DANIEL NOONAN, TRACY SHEARER, DENISE BOUDREAU, REGINA UMANSKIY, ROBERT ROSENBERGER - Business relationship 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 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 June 2022, 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 IX, Line 11g Other Fees Therapy - Total Expense: 662253, Program Service Expense: 662253, Management and General Expenses: , Fundraising Expenses: ; Dining Services - Total Expense: 1369108, Program Service Expense: 1369108, Management and General Expenses: , Fundraising Expenses: ; Medical Service Fees - Total Expense: 104244, Program Service Expense: 104244, Management and General Expenses: , Fundraising Expenses: ; Agency - Total Expense: 535220, Program Service Expense: 535220, Management and General Expenses: , Fundraising Expenses: ; Consulting - Total Expense: 61494, Program Service Expense: 9001, Management and General Expenses: 52493, Fundraising Expenses: ; Copier - Total Expense: 26429, Program Service Expense: , Management and General Expenses: 26429, Fundraising Expenses: ; Payroll processisng - Total Expense: 17487, Program Service Expense: , Management and General Expenses: 17487, Fundraising Expenses: ; Other - Total Expense: 116160, Program Service Expense: 77787, Management and General Expenses: 38373, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances LOSS ON EXTINGUISHMENT OF DEBT - -53290; NET CHANGE IN UNREALIZED GAIN - SWAP AGREEMENT - 252102; ROUNDING - -2; 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 CRETE HOUSING MANAGER LLC 11500 THERESA DRIVE LEMONT IL 60439 383698012 MGR OF AFFORDABLE HOUSING IL NA N/A 0 CRETE SENIOR HOUSING LLC 11500 THERESA DRIVE LEMONT IL 60439 320132660 AFFORDABLE SENIOR HOUSING IL NA N/A 0.00 FRANCISCAN ADVISORY SERVICES INC 11500 THERESA DRIVE LEMONT IL 60439 900821523 MANAGEMENT AND DEVELOPMENT ADVISORY SERVICES IL NA C Corporation false false false false false false false false false false false false false true false true true false false false