2025-10-28T09:41:12-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 1 SOUTH WACKER DRIVE SUITE 3550 CHICAGO IL 60606 990 2024-01-01 452652514 MEMORIAL DRIVE COMMUNITY C/O EMBRACE LIVING COMMUNITIES MEMO 6305218021 1900 SPRING ROAD SUITE 450 OAK BROOK IL 605231480 WAYNE FOLEY FRACTIONAL CFO 6305218701 2025-10-16 1 1 KAREN A SCHAEFER P00545171 3125085900 2025-10-03 2024 2025-03-06 01:10:19Z X WAYNE FOLEY 1900 SPRING ROAD SUITE OAK BROOK IL 605231480 14041 0 X WWW.EMBRACELIVING.ORG X 2011 IL TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. MEMORIAL DRIVE COMMUNITY WAS INCORPORATED AS A NON-FOR-PROFIT CORPORATION IN THE STATE OF ILLINOIS IN 2011. IT WAS FORMED TO ACQUIRE LAND AND CONSTRUCT BUILDINGS TO HOUSE LOW-INCOME ELDERLY AND HANDICAPPED PERSONS AS DEFINED BY THE NATIONAL HOUSING ACT OF 1959. 8 7 0 2 0 0 0 0 12241 12241 0 0 59 1800 12300 14041 0 0 0 0 0 0 0 0 0 14768 15261 14768 15261 -2468 -1220 207000 207000 9550 7750 197450 199250 TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 0 0 14324 14041 MEMORIAL DRIVE COMMUNITY WAS INCORPORATED AS A NON-FOR-PROFIT CORPORATION IN THE STATE OF ILLINOIS IN 2011. IT WAS FORMED TO ACQUIRE LAND AND CONSTRUCT BUILDINGS TO HOUSE LOW-INCOME ELDERLY AND HANDICAPPED PERSONS AS DEFINED BY THE NATIONAL HOUSING ACT OF 1989. OUR MISSION IS TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 14324 1 0 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 IL X X EMBRACE LIVING 6305218021 COMMUNITIES 1900 SPRING ROAD SUITE BROOK IL 60523 IRV WOODS DIRECTOR 0.20 X 0 0 0 J PAUL BERTSCHE DIRECTOR 0.20 X 0 0 0 KAREN M LATIMER HORSTHEMKE 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 TONYA PITTS DIRECTOR 0.20 X 0 0 0 ANNE M OLIVA EXC. VICE PRESIDENT & CFO 0.00 40.00 X 0 214166 22837 GARY ADAMS DIRECTOR OF OPERATIONS 0.00 40.00 X 0 116071 29254 RALPH GAINES PRESIDENT & CEO 0.20 39.80 X 0 371596 50615 SCOTT MEYER CHAIRMAN 0.20 X 0 0 0 ALINA SERBAN CHIEF OF STAFF 0.00 40.00 X 0 101464 38357 DAWN ZENKNER CONTROLLER 0.00 40.00 X 0 112421 38818 ED HAVLOVIC DIRECTOR OF PLANT OPERATIO 0.00 40.00 X 0 106816 27750 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICE 0.00 40.00 X 0 119654 40480 0 1142188 248111 0 0 1 0 0 RENTAL INCOME 900099 12241 12241 12241 MISCELLANEOUS REVENUE 900099 1800 1800 1800 14041 14041 0 0 937 937 7243 7243 REAL ESTATE TAXES 7070 7070 MISCELLANEOUS TAXES & F 11 11 15261 14324 937 0 207000 0 207000 207000 207000 207000 9550 7750 9550 7750 X 197450 199250 197450 199250 207000 207000 X -1220 3020 X 0 1 X 1 0 X 12181 12241 24422 12181 12241 24422 24422 12393 11110 59 1800 25362 49784 0.49060 X 207000 207000 207000 14041 0 14041 0 14041 15261 0 15261 0 15261 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 EXC. VICE PRESIDENT & CFO 0 214166 0 0 0 0 0 8513 0 14324 0 237003 0 0 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICE 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 FINANCEDEPARTMENT 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 (GROUP MANAGEMENT SERVICES, INC), 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. FORM 990, PART XI, LINE 9: TRANSFER OF EQUITY FROM AFFILIATED ORGANIZATIONS 3,020. 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 MANAGEMENT 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. OFFICER COMPENSATION OFFICERS OF EMBRACE LIVING COMMUNITIES (THE MANAGEMENT AGENT) ALSO SERVE AS OFFICERS OF THE REPORTING ORGANIZATION. THEY ARE CO-EMPLOYED BY A PEO (PROFESSIONAL EMPLOYMENT ORGANIZATION), GROUP MANAGEMENT SERVICES INC. AND EMBRACE LIVING COMMUNITIES. THEIR COMPENSATION PAID BY EMBRACE LIVING COMMUNITIES FROM THE MANAGEMENT FEES FROM THE REPORTING CORPORATION AND ALL OTHER AFFILIATED CORPORATIONS. CHANGE IN NET ASSETS/FUND BALANCE DURING THE YEAR THERE WAS A TRANSFER OF EQUITY IN THE AMOUNT OF $3,020 FROM AFFILIATED ORGANIZATIONS. APOSTLES VILLAGE 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 422100763 AFFDBLE HSING FL 501(C)(3) LINE 12A, I N/A 0 BAYONET POINT AREA HOUSING INC 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363696590 AFFDBLE HSING FL 501(C)(3) LINE 12A, I N/A 0 BETHEL AREA HOUSING SOUTH INC 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363973915 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 BETHEL AREA HOUSING INC 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363696581 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 EMBRACE INTEREST LLC 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 852148586 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 EMBRACE LIVING CHARITIES 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 362166970 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 EMBRACE LIVING COMMUNITIES 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363487477 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 EMBRACE LIVING DEVELOPMENT 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363729609 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 GLENVIEW ELDERLY HOUSING INC 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363569408 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 GREENCASTLE OF ALLERTON 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 271954463 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 GREENCASTLE OF BIENTERRA 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 364126791 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 GREENCASTLE OF LOVES PARK 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 364352754 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 GREENCASTLE OF MULFORD 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363038261 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 GREENCASTLE OF NORTH AURORA 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 371421479 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 GREENCASTLE OF PALATINE INC 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363895200 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 GREENCASTLE OF STERLING 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 364209258 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 KENWOOD AREA HOUSING INC 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363696608 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 MORGAN PARK AND BEVERLY HANDICAPPED 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363515819 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 SARASOTA AREA HOUSING INC 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363696610 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 GREENCASTLE OF BARRINGTON INC 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 363267264 AFFDBLE HSING IL 501(C)(3) LINE 12A, I N/A 0 OASIS SENIOR LIVING 2021 LP 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 852224763 RENTAL SENIOR IL N/A 0 0 ANCHOR SENIOR LIVING 2021 LP 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 872830266 RENTAL SENIOR IL N/A 0 0 GREENWOOD SENIOR LIVING 2021 LP 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 872863302 RENTAL SENIOR IL N/A 0 0 GROVE SENIOR LIVING 2021 LP 1900 SPRING ROAD STE 450 OAK BROOK IL 60523 852201219 RENTAL SENIOR IL N/A 0 0 ANCHOR SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD STE 450 OAK BROOK IL 605231480 872809940 RENTAL SENIOR IL N/A C 0 GREENWOOD SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD STE 450 OAK BROOK IL 605231480 872840003 RENTAL SENIOR IL N/A C 0 GROVE SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD STE 450 OAK BROOK IL 605231480 852073277 RENTAL SENIOR IL N/A C 0 OASIS SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD STE 450 OAK BROOK IL 605231480 852124487 RENTAL SENIOR IL N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 EMBRACE LIVING COMMUNITIES Q 15621 AMOUNT BILLED EMBRACE LIVING COMMUNITIES - AMOUNT INCLUDED ABOVE P AMOUNT BILLED