2024-10-03T14:13:52-05:00 2023-12-31 COHNREZNICK LLP 1 SOUTH WACKER DRIVE SUITE 3550 CHICAGO IL 60606 990 2023-01-01 363729609 EMBRACE LIVING DEVELOPMENT % EMBRACE LIVING COMMUNITIES EMBR 6305218701 1900 SPRING ROAD SUITE 300 OAK BROOK IL 605231480 ANNE OLIVA CFO 6305218850 2024-10-09 true true KAREN A SCHAEFER P00545171 3125085900 2024-10-04 2023 2024-10-15 13:58:12Z ANNE OLIVA 1900 SPRING ROAD SUITE 300 OAK BROOK IL 605231480 14306725 false X WWW.EMBRACELIVING.ORG X 1990 IL TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 7 6 0 0 0 0 0 1819071 6982374 68583022 4306723 207088 3017628 70609181 14306725 0 0 0 0 0 0 0 0 0 335799 301901 335799 301901 70273382 14004824 117089105 34117260 2275962 1230489 114813143 32886771 X OUR MISSION IS TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. false false 0 TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 0 true false false false false false false false false false false false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false X 7 6 false false false false false false false true true false false true true true true true true true true true true X X EMBRACE LIVING COMMUNITIES 6305218701 1900 SPRING ROAD SUITE 300 OAK BROOK IL 605231480 X RALPH GAINES INTERIM CHAIR PRESIDENT & CEO 0.2 39.8 X 0 357625 48906 ANNE M OLIVA VICE PRESIDENT & CFO 0.0 40.0 X 0 209490 20088 JOHN DIEHL SENIOR ADVISOR 0.0 40.0 X 0 134487 29262 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICES 0.0 40.0 X 0 114791 40412 DAWN ZENKNER CONTROLLER 0.2 39.8 X 0 108003 40055 ED HAVLOVIC DIRECTOR OF PLANT OPERATIONS 0.0 40.0 X 0 109898 27919 GARY ADAMS DIRECTOR OF OPERATIONS 0.2 39.8 X 0 104132 27575 IRV WOODS DIRECTOR 0.2 0.0 X 0 0 0 KAREN LATIMER-HORSTHEAKE DIRECTOR 0.2 0.0 X 0 0 0 SCOTT MEYER CHAIRMAN 0.2 0.0 X 0 0 0 RUTH CARLSON DIRECTOR 0.2 0.0 X 0 0 0 TONYA PITTS DIRECTOR 0.2 0.0 X 0 0 0 ROBERT GAMRATH DIRECTOR 0.2 0.0 X 0 0 0 0 1138426 234217 0 false true false 0 0 DEVELOPER FEE REVENUE 531390 6982374 6982374 6982374 4306723 4306723 0 0 2241330 2241330 0 2241330 0 0 0 0 0 0 0 0 0 0 BOND RESIDUALS 531390 544931 544931 VENDOR REFUND 531390 430 430 EXCESS FUNDS 531390 230702 230702 235 235 776298 14306725 12065395 0 0 0 0 0 0 0 0 0 0 0 51568 51568 0 0 0 0 0 0 573 573 0 0 240045 240045 0 0 3851 3851 0 0 0 0 MISCELLANEOUS 5864 5864 301901 0 301901 0 X 10365181 10416397 0 0 0 0 1185188 2501487 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 105538736 21199376 117089105 34117260 2253524 958509 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22438 271980 2275962 1230489 X 114813143 32886771 0 0 114813143 32886771 117089105 34117260 X 14004824 -95931196 X false true X true false X 0 0 0 0 0 0 51379 105843 106387 1819071 6982374 9065054 0 0 0 51379 105843 106387 1819071 6982374 9065054 0 0 0 9065054 2 643 141827 1739307 6548053 8429832 0 2 643 141827 1739307 6548053 8429832 0 0 0 0 69185 776298 845483 51381 106486 248214 3627563 14306725 18340369 0.49427 0.52816 0.45963 0.45511 X DUE FROM AFFILIATED CORPS 146001976 REIMBURSABLE COSTS OF REFI. 374215 INVESTMENT IN LP -125176815 21199376 0 DUE TO AFFILIATED CORPORATIONS 254176 OPERATING LEASE LIABILITIES 17804 271980 X X X false false false false false false false false false ANNE M OLIVA VICE PRESIDENT & CFO 209490 20088 229578 JOHN DIEHL SENIOR ADVISOR 134487 29262 163749 RALPH GAINES INTERIM CHAIR PRESIDENT & CEO 357625 48906 406531 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICES 114791 40412 155203 SCHEDULE J, PART I, LINE 3 THE METHODS USED TO ESTABLISH COMPENSATION FOR THE EXECUTIVE VICE PRESIDENT & SECRETARY AND EXECUTIVE VICE PRESIDENT & CFO FROM THE RELATED ORGANIZATIONS INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER SIMILAR ORGANIZATIONS, A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY AND/OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE AND BOARD. THE BOARD OF DIRECTORS OF EMBRACE LIVING COMMUNITIES & AFFILIATES APPOINTS THE VICE PRESIDENTS AND DETERMINES THE COMPENSATION. EMBRACE LIVING DEVELOPMENT EMBRACE LIVING DEVELOPMENT (FORMERLY KNOWN AS LIFELINK CHARITIES) WAS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION IN THE STATE OF ILLINOIS IN 1990. IT WAS FORMED TO PROVIDE HOUSING FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS AS DEFINED BY THE NATIONAL HOUSING ACT OF 1959. EMPLOYEES ALL EMPLOYEES ARE CO-EMPLOYED BY A PEO (PROFESSIONAL EMPLOYMENT ORGANIZATION), SYNERGY PEO LLC AND EMBRACE LIVING COMMUNITIES. ALL FORMS, INCLUDING W-2'S AND REPORTS, ARE ISSUED UNDER THE EIN OF SYNERGY PEO LLC 76-0721382. THE REPORTING ORGANIZATION REIMBURSES EMBRACE LIVING COMMUNITIES FOR ALL EMPLOYEE COMPENSATION EXPENSES. REVIEW PRIOR TO ITS SUBMISSION, FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE VICE PRESIDENT/CFO OF EMBRACE LIVING COMMUNITIES. IT IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. CONFLICT OF INTEREST THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. TO ENSURE COMPLIANCE WITH THIS POLICY THE ORGANIZATION REQUIRES THE FOLLOWING: ON AN ANNUAL BASIS, ALL MEMBERS OF THE BOARD OF DIRECTORS, THE EXECUTIVE LEADERSHIP TEAM, MEMBERS OF SENIOR MANAGEMENT, AND EMPLOYEES WITH PURCHASING AND/OR HIRING RESPONSIBILITIES OR AUTHORITY SHALL INFORM, IN WRITING, THE CHAIRMAN OF THE BOARD, THE CHAIR OF THE FINANCE/AUDIT COMMITTEE, AND THE ORGANIZATION'S EXECUTIVE LEADERSHIP TEAM OF ALL REPORTABLE CONFLICTS. PRIOR TO THE PREPARATION OF THE DISCLOSURE STATEMENTS, THE FINANCE DEPARTMENT SHALL DISTRIBUTE A LIST OF ALL VENDORS WITH WHOM THE ORGANIZATION HAS TRANSACTED BUSINESS AT ANY TIME DURING THE PRECEDING YEAR, ALONG WITH A COPY OF THE DISCLOSURE STATEMENT. THE EXECUTIVE LEADERSHIP TEAM SHALL REVIEW ALL FORMS COMPLETED BY EMPLOYEES, AND THE FINANCE/AUDIT COMMITTEE CHAIRMAN OF THE BOARD SHALL REVIEW ALL COMPLETED FORMS AND DETERMINE APPROPRIATE RESOLUTION IN ACCORDANCE WITH THE NEXT SECTION OF THIS POLICY. IF A CONFLICT ARISES DURING THE YEAR, THE EMPLOYEE OR BOARD MEMBER WILL IMMEDIATELY NOTIFY THE EXECUTIVE LEADERSHIP TEAM WHO WILL DETERMINE APPROPRIATE RESOLUTION. ALL REAL OR APPARENT CONFLICTS OF INTEREST SHALL BE DISCLOSED TO THE FINANCE/AUDIT COMMITTEE CHAIRMAN OF THE BOARD AND THE EXECUTIVE LEADERSHIP TEAM OF THE ORGANIZATION. CONFLICTS SHALL BE RESOLVED AS FOLLOWS: THE CHAIR OF THE FINANCE/AUDIT COMMITTEE SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING THE BOARD OF DIRECTORS AND THE EXECUTIVE LEADERSHIP TEAM. THE CHAIRMAN OF THE BOARD SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING FINANCE/AUDIT COMMITTEE MEMBERS. THE EXECUTIVE LEADERSHIP TEAM SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING EMPLOYEES BELOW THE SENIOR MANAGEMENT LEVEL, SUBJECT TO THE APPROVAL OF THE FINANCE/AUDIT COMMITTEE. AN EMPLOYEE OR DIRECTOR MAY APPEAL THE DECISION THAT A CONFLICT, OR APPEARANCE OF CONFLICT, EXISTS AS FOLLOWS: *AN APPEAL MUST BE DIRECTED TO THE CHAIRMAN OF THE BOARD. *APPEALS MUST BE MADE WITHIN 30 DAYS OF THE INITIAL DETERMINATION. *RESOLUTION OF THE APPEAL SHALL BE MADE BY VOTE OF THE FULL BOARD OF DIRECTORS. *BOARD MEMBERS WHO ARE THE SUBJECT OF THE APPEAL, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE SUBJECT OF THE APPEAL, SHALL ABSTAIN FROM PARTICIPATING IN, DISCUSSING, OR VOTING ON THE RESOLUTION, UNLESS THEIR DISCUSSION IS REQUESTED BY THE REMAINING MEMBERS OF THE BOARD. FAILURE TO COMPLY WITH THE STANDARDS CONTAINED IN THIS POLICY WILL RESULT IN DISCIPLINARY ACTION THAT MAY INCLUDE TERMINATION, REFERRAL FOR CRIMINAL PROSECUTION, AND REIMBURSEMENT TO THE ORGANIZATION OR TO THE GOVERNMENT, FOR ANY LOSS OR DAMAGE RESULTING FROM THE VIOLATION. AS WITH ALL MATTERS INVOLVING DISCIPLINARY ACTION, PRINCIPLES OF FAIRNESS WILL APPLY. ANY EMPLOYEE CHARGED WITH A VIOLATION OF THIS POLICY WILL BE AFFORDED AN OPPORTUNITY TO EXPLAIN HER/HIS ACTIONS BEFORE DISCIPLINARY ACTION IS TAKEN. DOCUMENTS THE GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS OF THE ORGANIZATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS OF THE ORGANIZATION ALSO CAN BE FOUND ON THE INTERNET IN WEBSITES FOR NOT-FOR-PROFIT ORGANIZATIONS LIKE WWW.GUIDESTAR.COM. CHANGE IN ASSETS/FUND BALANCES DURING THE YEAR ENDED THERE WAS A TRANSFER OF EQUITY IN THE AMOUNT OF ($2,024,825) TO AFFILIATED ORGANIZATIONS. ALSO, THE FINANCIAL STATEMENTS FOR PRIOR YEARS ARE BEING REINSTATED TO ELIMINATE THE $93,906,371 GAIN ON SALE OF ANCHOR, GROVE AND OASIS SENIOR LIVING LP BASED ON RELATED PARTY TRANSACTIONS. THE GAIN WAS RECORDED AT FAIR MARKET VALUE INSTEAD OF BOOK VALUE. THE RESULT IS A DECREASE IN NET ASSETS OF ($95,931,196). MANAGEMENT EMBRACE LIVING COMMUNITIES, A NOT-FOR-PROFIT CORPORATION, IS THE MANAGING AGENT AND RECEIVES MANAGEMENT FEES AS A PERCENTAGE OF THE GROSS RENTS, INCLUDING RENTAL SUBSIDIES AND OTHER INCOME UNDER TERMS OF A MANGAGEMENT AGREEMENT APPROVED BY HUD. THE MANAGING AGENT IS RESPONSIBLE FOR THE DAY TO DAY ACTIVITIES OF THE ORGANIZATION SUCH AS MAINTAINING THE BUILDING, RESIDENT SUPPORT, HIRING AND SUPERVISING THE EMPLOYEES. IT ALSO PROVIDES ALL THE NECESSARY BOOKKEEPING AND ACCOUNTING SERVICES AND SUBMITS ALL THE REQUIRED FINANCIAL REPORTS. ALL DECISIONS AND REPORTS ARE PRESENTED AND DISCUSSED WITH THE BOARD OF DIRECTORS AND APPROVED BY THE BOARD OF DIRECTORS. BAYONET POINT AREA HOUSING INC 1900 SPRING RD STE 300 OAK BROOK IL 60523 363696590 AFFDBLE HSING FL 501(C)(3) 509(a) NA false EMBRACE LIVING CHARITIES 1900 SPRING RD STE 300 OAK BROOK IL 60523 362166970 FUNDRAISING IL 501(C)(3) 509(a) NA false BETHEL AREA HOUSING INC 1900 SPRING RD STE 300 OAK BROOK IL 60523 363696581 AFFDBLE HSING IL 501(C)(3) 509(a) NA false BETHEL AREA HOUSING SOUTH INC 1900 SPRING RD STE 300 OAK BROOK IL 60523 363973915 AFFDBLE HSING IL 501(C)(3) 509(a) NA false ELMHURST AREA HOUSING INC 1900 SPRING RD STE 300 OAK BROOK IL 60523 363246979 AFFDBLE HSING IL 501(C)(3) 509(a) NA false ENGLEWOOD AREA HOUSING INC 1900 SPRING RD STE 300 OAK BROOK IL 60523 363696607 AFFDBLE HSING IL 501(C)(3) 509(a) NA false GLENVIEW ELDERLY HOUSING INC 1900 SPRING RD STE 300 OAK BROOK IL 60523 363569408 AFFDBLE HSING IL 501(C)(3) 509(a) NA false GREENCASTLE OF BARRINGTON 1900 SPRING RD STE 300 OAK BROOK IL 60523 363267264 AFFDBLE HSING IL 501(C)(3) 509(a) NA false GREENCASTLE OF GARFIELD 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BROOK IL 60523 271954463 AFFDBLE HSING IL 501(C)(3) 509(a) NA false GREENCASTLE OF BIENTERRA 1900 SPRING RD STE 300 OAK BROOK IL 60523 364126791 AFFDBLE HSING IL 501(C)(3) 509(a) NA false GREENCASTLE OF LOVES PARK 1900 SPRING RD STE 300 OAK BROOK IL 60523 364352754 AFFDBLE HSING IL 501(C)(3) 509(a) NA false GREENCASTLE OF MULFORD 1900 SPRING RD STE 300 OAK BROOK IL 60523 363038261 AFFDBLE HSING IL 501(C)(3) 509(a) NA false EMBRACE INTEREST LLC 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 852148586 AFFRDBL HSING IL 501(C)(3) 509(A) NA false ANCHOR SENIOR LIVING LP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 743153197 RENTAL SENIOR IL NA GREENWOOD SENIOR LIVING LP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 743153201 RENTAL SENIOR IL NA GROVE SENIOR LIVING LP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 743153200 RENTAL SENIOR IL NA OASIS SENIOR LIVING LP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 743153203 RENTAL SENIOR IL NA ANCHOR SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 872830266 RENTAL SENIOR IL NA GREENWOOD SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 872863302 RENTAL SENIOR IL NA GROVE SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 852201219 RENTAL SENIOR IL NA OASIS SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 852224763 RENTAL SENIOR IL NA BENSENVILLE HOUSING DEVELOPMENT NFP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 320163558 RENTAL SENIOR IL NA C CORP CASTLE HOUSING DEVELOPMENT NFP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 320163559 RENTAL SENIOR IL NA C CORP TERRACE HOUSING DEVELOPMENT NFP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 320163555 RENTAL SENIOR IL NA C CORP TOWER HOUSING DEVELOPMENT NFP 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 320163560 RENTAL SENIOR IL NA C CORP ANCHOR SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 872809940 RENTAL SENIOR IL NA C CORP GREENWOOD SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 872840003 RENTAL SENIOR IL NA C CORP GROVE SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 852073277 RENTAL SENIOR IL NA C CORP OASIS SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 300 OAK BROOK IL 60523 852124487 RENTAL SENIOR IL NA C CORP false false false false false false false false false false false false false true true false false false EMBRACE LIVING COMMUNITIES O,P 12224652 AMOUNT BILLED