2025-09-11T09:44:58-05:00 2024-12-31 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2024-01-01 362606227 FAIRHAVEN CHRISTIAN RETIREMENT CENTER FAIR 8158771441 3470 N ALPINE ROAD ROCKFORD IL 61114 THERESA PAX DIRECTOR OF FINANCE 8158771441 2025-08-25 1 1 SOLOMON MARDAKHAEV P01806552 6105653930 2025-08-25 2024 2025-03-06 01:10:19Z JEFF REIERSON 3470 N ALPINE ROAD ROCKFORD IL 61114 18564515 0 X WWW.FAIRHAVEN.CC X 1965 IL PROVIDE A COMFORTABLE LIFESTYLE AND EXCEPTIONAL CARE WHICH ENHANCES QUALITY OF LIFE IN A MANNER THAT GLORIFIES GOD. 13 13 353 119 0 0 378894 291932 15714089 16070536 142413 247187 382103 1883344 16617499 18492999 0 0 0 0 10536989 10935729 54000 57943 57943 6637495 6919409 17228484 17913081 -610985 579918 26620130 28025443 14033898 14547379 12586232 13478064 X FAIRHAVEN CHRISTIAN RETIREMENT CENTER'S MISSION IS TO PROVIDE A COMFORTABLE LIFESTYLE AND EXCEPTIONAL CARE WHICH ENHANCES QUALITY OF LIFE IN A MANNER THAT GLORIFIES GOD. THE CENTER IS DESIGNED AND EQUIPPED SPECIFICALLY FOR THE COMFORT, CONVENIENCE, AND SAFETY OF THE ELDERLY PEOPLE. 0 0 7447741 0 7313154 NURSING CARE:THE CENTER OPERATES A 96 BED NURSING CARE FACILITY. 6062374 0 5952821 INDEPENDENT LIVING AND RESIDENTIAL CARE:THE CENTER OPERATES 112 UNITS OF INDEPENDENT LIVING DUPLEXES AND A 92 UNIT INDEPENDENT LIVING RESIDENTIAL APARTMENT FACILITY. 2856175 0 2804561 SUPPORTIVE CARE:THE CENTER OPERATES A 50 BED SUPPORTIVE CARE FACILITY. 16366290 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 353 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THERESA PAX 8158771441 3470 N ALPINE ROAD ROCKFORD IL 61114 CHUCK SCHLUETER PRESIDENT 0.50 X X 0 0 0 GREG JOHNSON VICE PRESIDENT 0.25 X X 0 0 0 RITA VERSENDAAL SECRETARY 0.50 X X 0 0 0 STEVE SJOGREN TREASURER 0.50 X X 0 0 0 BRENDA BUZZARD VICE SECRETARY 0.25 X X 0 0 0 LINDA DOHERTY DIRECTOR 0.25 X 0 0 0 TOM EWING DIRECTOR 0.50 X 0 0 0 TERRY JOINER DIRECTOR 0.25 X 0 0 0 DAN NYBERG DIRECTOR 0.25 X 0 0 0 DWIGHT SWANSON DIRECTOR 0.25 X 0 0 0 RICHARD THOMPSON DIRECTOR 0.25 X 0 0 0 RANDY VOORHIES DIRECTOR 0.25 X 0 0 0 DAVID WILES DIRECTOR 1.00 X 0 0 0 PALMER KLAAS DIRECTOR (THRU OCT 24) 0.75 X 0 0 0 DAVID NORBERG DIRECTOR (THRU JAN 24) 0.75 X 0 0 0 JEFF REIERSON EXECUTIVE DIRECTOR 40.00 X 177013 0 9573 KEITH PENNINGTON DIRECTOR OF FINANCE 40.00 X 98628 0 11689 CORAZON OLAYBAL LOLENG REGISTERED NURSE 40.00 X 143160 0 0 CHRISTINE HINTZSCHE DIRECTOR OF NURSING 40.00 X 107275 0 8003 LOREN B CABRAL REGISTERED NURSE 40.00 X 102174 0 6539 628250 0 35804 4 0 1 0 ROOFING SYSTEMS INC 1825 WINDSOR ROAD LOVES PARK IL 61111 ROOF REPLACEMENT 615733 A ELDRIDGE ROOFING 2222 RANGE RD LOVES PARK IL 61111 ROOF REPLACEMENT 464347 BUFALO CONTRACTING 3466 COLONY BAY DR ROCKFORD IL 61109 ROOF REPLACEMENT 459191 MCKEE RENOVATION AND RESTORATION 6580 NORTH ALPINE DRIVE BYRON IL 61010 BUILDING REPAIRS AND RENOVATIONS 380095 SECURITAS SECURITY SYSTEMS 12672 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SECURITY SERVICES 214928 5 291932 291932 NURSING CARE REVENUE 623000 7313154 7313154 INDEPENDENT LIVING REVENUE 623000 5952821 5952821 SUPPORTIVE CARE REVENUE 623000 2804561 2804561 16070536 318703 318703 71516 -71516 -71516 -71516 INSURANCE PROCEEDS 142123 1421238 1421238 462106 462106 1883344 18492999 16070536 0 2130531 296903 296903 8885052 8200073 684979 90947 88389 2558 985292 870136 115156 677535 592104 85431 3718 3718 57901 57901 57943 57943 700219 555254 144965 56925 56925 196490 196490 1418752 1418752 5018 5018 23052 23052 100955 100955 1778844 1778844 517347 517347 FOOD 962498 962498 OCCUPIED BED TAX 442407 442407 SUPPLIES 394991 394991 REPAIRS & MAINTENANCE 206306 206306 53986 53986 17913081 16366290 1488848 57943 1650 1650 1291546 349692 156399 710830 288363 224736 153400 177750 58119066 36362501 20344889 21756565 4373630 4791364 10253 12856 26620130 28025443 1786943 2037594 4082784 4158587 4071426 3672197 10253 12856 276787 234355 3805705 4431790 14033898 14547379 X 12557013 13448845 29219 29219 12586232 13478064 26620130 28025443 579918 311914 0 X 0 1 X 1 0 X 2624570 2272952 883750 378894 291932 6452098 13346873 13287378 14342603 15714089 16070536 72761479 15971443 15560330 15226353 16092983 16362468 79213577 25126 9000 15025 22551 24587 96289 0 25126 9000 15025 22551 24587 96289 79117288 101219 181820 110843 139413 318703 851998 101219 181820 110843 139413 318703 851998 228987 250401 309802 382103 1883344 3054637 16301649 15992551 15646998 16614499 18564515 83120212 0.95180 0.97250 0.01030 0.00810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2343359 352818 365251 21515 3039913 1979363 74000 306042 16046 2343359 2250402 141400 -396327 16112 1979363 2006494 260628 16720 2250402 1656600 96150 267036 13292 2006494 0.99040 0.00960 0.00000 0 0 1604707 1604707 44506241 27554275 16951966 11845540 8808226 3037314 162578 162578 21756565 ADVANCED DEPOSITS 122619 REFUNDABLE FOUNDERS' FEES 4007656 SETTLEMENTS PAYABLE 301515 4431790 18876429 311914 311914 18564515 -71516 -71516 18492999 17984597 71516 71516 17913081 0 17913081 PART IV, LINE 2B: THE ACCOUNT THAT THE ORGANIZATION IS A CUSTODIAN FOR IS RESIDENT TRUST FUNDS, WHICH ARE FOR RESIDENTS TO USE AS THEY WISH FOR PERSONAL EXPENSES. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF ONE FUND ESTABLISHED TO BENEFIT THE ORGANIZATION FOR A VARIETY OF PURPOSES. THE CENTER HAS ADOPTED AN INVESTMENT POLICY FOR ITS ENDOWMENT ASSETS THAT REQUIRES THE INVESTMENT PORTFOLIO TO BE MAINTAINED FOR LONG-TERM INVESTMENT PURPOSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: IMPAIRMENT LOSS INCLUDED IN EXPENSES -71,516. PART XII, LINE 2D - OTHER ADJUSTMENTS: IMPAIRMENT LOSS INCLUDED IN EXPENSES 71,516. X X X X X X 1 JOE SOSNOWSKI 6153 MUIRFIELD LANE ROCKFORD IL 61114 FUNDRAISING 0 0 57375 -57375 57375 -57375 IL X 0 0 0 0 0 0 0 0 0 JEFF REIERSON EXECUTIVE DIRECTOR 177013 0 0 0 0 0 6387 0 3186 0 186586 0 0 0 A CITY OF ROCKFORD WINNEBAGO COUNTY ILLINOIS 366006082 2009-06-17 8000000 REPAY LINE OF CREDIT, BUILDING IMPROVEMENTS 0 0 0 A 3529345 8000000 880666 140108 4130749 2848477 2010 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION SHALL BE THOSE PERSONS WHO FROM TIME TO TIME ARE ELECTED DIRECTORS OF THE GREAT LAKES DISTRICT CONFERENCE OF THE EVANGELICAL FREE CHURCH OF AMERICA OR ITS SUCCESSOR DISTRICT IN WHICH FAIRHAVEN CHRISTIAN RETIREMENT CENTER IS LOCATED. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION SHALL ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS MAY BE ALTERED, AMENDED OR REPEALED AND NEW BY-LAWS MAY BE ADOPTED BY RESOLUTION, ADOPTED BY A TWO-THIRDS VOTE OF THE BOARD OF DIRECTORS AND APPROVED BY MAJORITY OF THE MEMBERS OF THIS CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY'S BOARD MEMBERS ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST STATEMENT. THE POLICY IS REVIEWED BY THE BOARD ANNUALLY AND GIVEN TO EACH NEW BOARD MEMBER FOR SIGNATURE DURING ORIENTATION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR OF THE ORGANIZATION IS REVIEWED AND INCREASED DIRECTLY BY A COMMITTEE ON THE BOARD. THEY DO A PEER, SELF, AND BOARD EVALUATION TO DETERMINE PERFORMANCE AND PROVIDE A BASE FOR ADJUSTMENTS IN COMPENSATION. THE COMMITTEE ALSO LOOKS AT THE LEADING AGE (NATIONAL LONG-TERM CARE ORGANIZATION) COMPENSATION TO VERIFY THAT HE IS PAID COMPARABLY TO OTHER EXECUTIVE DIRECTORS WHO ARE EMPLOYED AT FACILITIES SIMILAR IN SIZE AND GEOGRAPHICAL LOCATION. MANAGERS' COMPENSATION IS EVALUATED BY THE EXECUTIVE DIRECTOR OR HIS MANAGEMENT TEAM. THEY USE PEER, SELF, AND MANAGER EVALUATIONS TO DETERMINE PERFORMANCE AND PROVIDE A BASE FOR ADJUSTMENTS IN COMPENSATION. THEIR COMPENSATION IS ALSO BASED ON COMPARISONS BETWEEN LEADING AGE AND AN INTERNAL HUMAN RESOURCES WAGE RANGE ANALYSIS CALCULATED EACH YEAR BY JOB CLASS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. INDIVIDUALS ARE ALLOWED TO REVIEW THE FINANCIAL STATEMENTS AND FORM 990 IN THE ORGANIZATION'S OFFICE.