2025-08-07T00:48:15-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 1 SOUTH WACKER DRIVE SUITE 3550 CHICAGO IL 60606 990 2024-01-01 363515819 MORGAN PARK AND BEVERLY HANDICAPPED INC C/O EMBRACE LIVING COMMUNITIES MORG 6305218021 1900 SPRING ROAD STE 450 OAK BROOK IL 605231480 RALPH GAINES PRESIDENT & CEO 6305218021 2025-08-01 1 1 KAREN A SCHAEFER P00545171 3125085900 2025-07-31 2024 2025-03-06 01:10:19Z X RALPH GAINES 1900 SPRING ROAD STE 450 OAK BROOK IL 605231480 596264 0 X WWW.EMBRACELIVING.ORG X 1987 IL TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 8 7 0 2 0 0 0 0 537458 551185 288 281 1072 44798 538818 596264 0 0 0 0 181793 170263 0 0 0 417603 537597 599396 707860 -60578 -111596 696845 559224 60001 33976 636844 525248 TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE, WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 0 0 668378 595983 MORGAN PARK AND BEVERLY HANDICAPPED WAS FORMED IN 1987 AS A NONPROFIT CORPORATION UNDER THE STATE OF ILLINOIS FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT FOR THE ELDERLY AND PERSON WITH DISABILITIES AS DEFINED IN SECTION 202 OF THE HOUSING ACT OF 1959. IT OPERATES 24 UNITS BUILDING. 668378 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X EMBRACE LIVING COMMUNITIES & AFFILIATES 6305218021 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 IRV WOODS DIRECTOR 0.20 X 0 0 0 J PAUL BERTSCHE DIRECTOR 0.20 X 0 0 0 KAREN LATIMER-HORSTHEAKE DIRECTOR 0.20 X 0 0 0 ROBERT GAMRATH DIRECTOR 0.20 X 0 0 0 RUTH CARLSON DIRECTOR 0.20 X 0 0 0 SCOTT MEYER CHAIRMAN 0.20 X 0 0 0 TONYA PITTS DIRECTOR 0.20 X 0 0 0 ANNE M OLIVA EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 214166 22837 RALPH GAINES PRESIDENT & CEO 0.20 39.80 X 0 371596 50615 ALINA SERBAN CHIEF OF STAFF 1.00 40.00 X 0 101464 38357 DAWN ZENKNER CONTROLLER 1.00 40.00 X 0 112421 38818 ED HAVLOVIC DIRECTOR OF PLANT OPERATIONS 1.00 40.00 X 0 106816 27750 GARY ADAMS DIRECTOR OF OPERATIONS 1.00 40.00 X 0 116071 29254 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICES AND QUALITY ASSURANCE 1.00 40.00 X 0 119654 40480 0 1142188 248111 0 1 1 0 AMERICAN SECURITY GUARD SERVICES INC 1515 S HARLEM AVE FOREST PARK IL 60130 SECURITY GUARD 160846 1 TENANT ASSISTANCE PAYM 531110 477075 477075 RENTAL REVENUE 531110 74110 74110 551185 281 281 LAUNDRY & VENDING 531110 1053 1053 43745 43745 44798 596264 596264 0 0 112991 112991 46982 46982 10290 10290 25920 25920 11048 11048 112 112 17325 17325 2514 2514 255619 255619 1129 1129 54218 54218 21034 21034 REPAIRS 141606 141606 WORKERS COMPENSATION IN 2632 2632 LEASING EXPENSES 2215 2215 DUES & SUBSCRIPTIONS 1596 1596 629 629 707860 668378 39482 0 1078 2231 11987 606 9620 11414 1731395 1409390 376223 322005 297937 222968 696845 559224 48871 23920 11130 10056 60001 33976 X -1013353 -1124949 1650197 1650197 636844 525248 696845 559224 -111596 0 X 0 1 X 1 1 1 X 508238 520357 515773 537458 551004 2632830 508238 520357 515773 537458 551004 2632830 2632830 312 117 142 288 281 1140 1454 4709 4371 1072 44798 56404 2690374 0.97860 0.99300 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2020 AMOUNT: $ 1,454. 2021 AMOUNT: $ 4,709. 2022 AMOUNT: $ 4,371. 2023 AMOUNT: $ 1,072. 2024 AMOUNT: $ 1,053. MISCELLANEOUS REVENUE - 2024 AMOUNT: $ 43,745. 112080 112080 1619315 1409390 209925 322005 TENANT SECURITY DEPOSITS 6549 RESERVE FOR INSURANCE 11653 RESERVE FOR REPLACEMENT 113392 OTHER RESTRICTED DEPOSITS 85331 RESIDUAL RECEIPTS RESERVE 6043 222968 TENANT SECURITY DEPOSITS 6281 ACCRUED PAYROLL 3775 10056 X 596264 0 596264 0 596264 707860 0 707860 0 707860 PART X, LINE 2: THE CORPORATION AS ALLOWED UNDER CURRENT STATE OF ILLINOIS STATUTES HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. X X X 0 0 0 0 0 0 0 0 0 RALPH GAINES PRESIDENT & CEO 0 371596 0 0 0 0 0 13800 0 36815 0 422211 0 0 ANNE M OLIVA EXECUTIVE VICE PRESIDENT & CHIEF FIN 0 214166 0 0 0 0 0 8513 0 14324 0 237003 0 0 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICES AND QUAL 0 119654 0 0 0 0 0 4895 0 35585 0 160134 0 0 DAWN ZENKNER CONTROLLER 0 112421 0 0 0 0 0 4526 0 34292 0 151239 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS OF EMBRACE LIVING COMMUNITIES AND AFFILIATES APPOINTS THE PRESIDENT & CEO AND THE CFO AND DETERMINES THEIR COMPENSATION. THE METHOD USED TO ESTABLISH THE COMPENSATION FOR THE PRESIDENT & CEO AND THE CFO, RECEIVED FROM RELATED ORGANIZATIONS, INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER SIMILAR ORGANIZATIONS. THE PROCESS INCLUDES A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY AND/OR STUDY AND APPROVAL BY THE COMPENSATION COMMITTEE AND THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS SUBMISSION, FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE DEPARTMENT. IT IS THEN PRESENTED TO THE PRESIDENT AND THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL FORM 990, PART VI, SECTION B, LINE 12C 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 CHAIR 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 HIS/HER ACTIONS BEFORE DISCIPLINARY ACTION IS TAKEN. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES ARE CO-EMPLOYED BY A PEO (PROFESSIONAL EMPLOYMENT ORGANIZATION), GROUP MANAGEMENT SERVICES, INC. AND EMBRACE LIVING COMMUNITIES. ALL FORMS, INCLUDING W-2'S AND REPORTS, ARE ISSUED UNDER THE EIN OF GROUP MANAGEMENT SERVICES, INC. 34-1707723. THE REPORTING ORGANIZATION REIMBURSES EMBRACE LIVING COMMUNITIES FOR ALL EMPLOYEE COMPENSATION EXPENSES. FORM 990, PART VI, SECTION C, LINE 19 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. 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