2025-08-13T14:34:05-05:00 2024-09-30 420714325 RSM US LLP 6 S Patterson Blvd Dayton OH 45402 990 2023-10-01 043604839 Bethany Methodist Corporation BETH 8479981118 2601 Chestnut Avenue 3310 Glenview IL 60026 Vera Lampe CEO 8479981118 2025-08-12 1 1 Karen O Crim P00368385 9372980201 2025-08-12 2023 2025-03-06 01:10:19Z X Chestnut Square at the Glen Vera Lampe 2601 Chestnut Avenue 3310 Glenview IL 60026 9144599 0 X www.chestnutsquare.info X 2000 IL Bethany Methodist Corporation provides exceptional senior community living and health care that promotes holistic well-being for residents and clients through: Chestnut Square at The Glen and Partners in Health Care. Bethany Methodist Corporation is a faith-based organization affiliated with the United Methodist Church. The organization is guided by the values of compassion, advocacy, trust, teamwork and transparency. 9 8 144 8 0 0 36244 280947 7097129 8106922 57123 160168 0 596562 7190496 9144599 0 0 0 0 4121927 4304967 0 0 0 4523589 4220590 8645516 8525557 -1455020 619042 25322836 25583153 42375809 42017084 -17052973 -16433931 X Bethany Methodist Corporation provides exceptional senior community living and health care that promotes holistic well-being for residents and clients through: Chestnut Square at The Glen and Partners in Health Care. Bethany Methodist Corporation is a faith-based organization affiliated with the United Methodist Church. The organization is guided by the values of compassion, advocacy, trust, teamwork and transparency. 0 0 6575527 8106922 Independent Seniors Residential Mission: BMC is faithful to its non-profit, faith-based foundation and its continuing commitment as a provider of quality residential, hospitality, and ancillary programs for independent older adults. BMC's full-service, maintenance-free apartments are designed for active seniors, and are complemented by a broad range of amenities, including a library, inter-faith chapel, fellowship areas, and media room. Along with housing services, professional staff ensure that other residents' interests and needs are met, including: opportunities for social interaction with peers, transportation, inter-generational exchanges, expression of religious beliefs, and occasions to contribute their time and talents as volunteers. 6575527 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 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 21 0 1 144 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Vera Lampe 8479981118 2601 Chestnut Avenue 3310 Glenview IL 60026 Sunny Lopez President/CEO (until 2/1/24) 38.00 2.00 X X 170330 0 78414 Vera Lampe President/CEO 39.00 1.00 X X 152046 0 2500 Jennifer Christy Chair 1.00 2.00 X X 0 0 0 Bruce Balfe Secretary/Treasurer 1.00 2.00 X X 0 0 0 Scort Christy Director 1.00 1.00 X 0 0 0 Maureen Farrell Director 1.00 1.00 X 0 0 0 Janice Maloney Director 1.00 1.00 X 0 0 0 Jerry Marx Director 1.00 1.00 X 0 0 0 Keith Reed Director 1.00 2.00 X 0 0 0 Jane Wuellner Director 1.00 1.00 X 0 0 0 Renee Bellew Dir. of Sales and Marketing 40.00 0.00 X 268977 0 13671 Jackie Nieves Director of Human Resources 40.00 0.00 X 100782 0 12612 692135 0 107197 4 0 1 0 Gordon Food Service PO Box 88029 Chicago IL 60680 Catering 557987 Choice Construction Group Inc 1600 Golf Rd 1200 Rolling Meadows IL 60008 Construction services 265267 Trend Painting & Decorating Inc 1210 Remington Rd Schaumburg IL 60173 Maintenance services 139026 FE Moran Inc 2165 Shermer Rd Suite D Northbrook IL 60062 Maintenance services 102535 4 280947 280947 Resident Fees 900099 6334716 6334716 Patient Service Revenu 900099 1684200 1684200 Resident Services 900099 88006 88006 8106922 160168 160168 Insurance Proceeds 900099 596562 596562 596562 9144599 8106922 0 756730 403291 302469 100822 3112569 2334427 778142 23896 16727 7169 288252 200680 87572 476959 357718 119241 34808 34808 104489 104489 707977 503409 204568 60873 45653 15220 268666 201499 67167 55423 41567 13856 1032742 774556 258186 34857 26140 8717 36574 27457 9117 35773 26831 8942 885619 885619 264547 158729 105818 Food 617037 617037 Dues and Subscriptions 58548 43911 14637 Licenses and Taxes 4048 3036 1012 18609 8062 10547 8525557 6575527 1950030 0 1379464 1046254 596277 3814116 98400 192520 13706 104506 42668220 25922437 16089911 16745783 7145078 3679974 25322836 25583153 1128224 566527 744700 303628 40502885 41146929 42375809 42017084 X -17056553 -16452511 3580 18580 -17052973 -16433931 25322836 25583153 619042 0 X 0 0 0 X 334798 533894 32782 36244 280947 1218665 7587662 7142660 6627742 7097129 8106922 36562115 7922460 7676554 6660524 7133373 8387869 37780780 5000 7500 12500 0 5000 7500 12500 37768280 68193 32023 33795 57123 160168 351302 68193 32023 33795 57123 160168 351302 83 596562 596645 7990653 7708577 6694402 7190496 9144599 38728727 0.97520 0.99420 0.00910 0.00550 X Schedule A, Part III, Line 12, Explanation of Other Income: Other Income - 2021 Amount: $ 83. Insurance Proceeds - 2023 Amount: $ 596,562. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175702 8785 184487 167336 8366 175702 159368 7968 167336 151779 7589 159368 145028 7251 500 151779 0.00000 0.50641 0.49359 0 0 4300000 4300000 35444386 24495531 10948855 1684619 1426906 257713 1239215 1239215 16745783 Due from Affiliated Entities 3679974 3679974 Due to Affiliated Entities 4937573 Refundable Entrance Fees 36209356 41146929 Part V, Line 4: To provide stipends to seminary students learning at Bethany about ministry with older adults. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Renee Bellew Dir. of Sales and Marketing 268977 0 0 0 0 0 2330 0 11341 0 282648 0 0 0 Sunny Lopez President/CEO (until 2/1/24) 170330 0 0 0 0 0 5747 0 72667 0 248744 0 0 0 Vera Lampe President/CEO 152046 0 0 0 0 0 0 0 2500 0 154546 0 0 0 Part I, Line 1a Sunny Lopez, President, received a housing allowance during the year. The item was treated as nontaxable compensation. Form 990, Part VI, Section A, line 1a The Executive Committee shall include the officers of the Corporation and the Chief Executive Officer. The Executive Committee shall have the authority of the Board of Directors between meetings of the Board of Directors. The minutes of the Executive Committee shall become a part of the official record of the Board of Directors. It shall be the duty of the Executive Committee to see that all rules and regulations adopted by the Board of Directors are faithfully executed by committees and administrative officers of the Corporation. The Executive Committee may recommend policies and new rules and regulations to the Board of Directors for their review and acceptance. The Executive Committee shall recommend to the Board of Directors the salary and benefits of the Chief Executive Officer, provided however, the Chief Executive Officer shall not participate in any such deliberations or vote. The Executive Committee, in consultation with the Chief Executive Officer, shall recommend to the Board of Directors the reimbursement for expenses, if any, to be provided to the officers of the Corporation. Form 990, Part VI, Section A, line 4 Pursuant to the organization's restructuring during the tax year, the Bylaws were amended to eliminate the powers reserved to the sole member, Bethany Methodist Corporation 36-3478324, and establish the organization as a stand-alone entity without a member. The sole member dissolved on December 29, 2023. Upon dissolution, the organization filed Amended Articles of Incorporation and changed its name to Bethany Methodist Corporation during the tax year. Form 990, Part VI, Section B, line 11b The completed Form 990 is reviewed by management and a copy of the Form 990 is provided to the governing body prior to filing the return with the IRS. Form 990, Part VI, Section B, line 12c Members of the Board of Directors, Corporate Officers and employees are required to avoid all situations that may, in fact or appearance, present as a conflict of interest. Corporate bylaws require that all actual, potential, direct, apparent, and indirect conflicts be disclosed in full and in writing. An annual, formal, and written disclosure statement is completed by all members of the board, corporate officers, and key employees. Board members who believe they may be involved in a conflict of interest related to a given issue are required to abstain from voting or taking other official action related to that issue. Corporate officers and key employees who believe they may be involved in a conflict of interest related to a particular issue will recuse themselves from taking any official action related to that issue. The Board of Directors retains responsibility for establishing any additional guidelines necessary to resolve a conflict of interest. Policies regarding potential conflicts of interest are included in the regularly-scheduled, formal review conducted by the Executive Committee and Leadership Team. Form 990, Part VI, Section B, line 15 The Executive Committee of the Board of Directors, led by the Chair of the Board of Directors reviews and approves annual objectives established by the Chief Executive Officer and Leadership Team. These objectives are presented to the Board on an annual basis for their approval. The Chief Executive Officer's salary was determined after examination of comparability data and ensuring that compensation was granted in compliance with regulatory and ethical standards as well as industry norms. Recommendations for compensation are reviewed on an annual basis and adjusted in accordance with job expectations and successful completion of agreed upon goals and objectives. Led by the Chief Executive Officer, key employees establish annual line-of-site goals and objectives aligned with the goals and objectives approved on an annual basis for the Chief Executive Officer by the Board of Directors. The Human Resources Department is responsible for examining comparability data and ensuring that compensation is granted in compliance with regulatory and ethical standards as well as industry norms. Salary ranges are established and approved by the Board of Directors through the budget process. Recommendations for compensation are reviewed on an annual basis and adjusted in accordance with job expectations and successful completion of agreed upon goals and objectives. Form 990, Part VI, Section C, line 19 These documents are available to the general public upon request for the period of time in accordance with internal revenue code section 6104(d). Bethany Homes and Methodist Hospital 2601 Chestnut Avenue Suite 3310 Glenview IL 60026 362012788 Health Care Provider IL 501(c)(3) Line 10 N/A 0 Bethany Methodist Corporation 2601 Chestnut Avenue Suite 3310 Glenview IL 60026 363478324 Corporate Office IL 501(c)(3) Line 12c, III-FI N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Schedule R, Part II: Bethany Methodist Corporation 36-3478324 dissolved on December 29, 2023.