2026-09-09T22:32:21-05:00 2025-12-31 333709623 COHNREZNICK ADVISORY LLC 1 SOUTH WACKER DRIVE SUITE 3550 CHICAGO IL 60606 990 2025-01-01 363729609 EMBRACE LIVING DEVELOPMENT EMBR 6305218021 1900 SPRING ROAD SUITE 450 OAK BROOK IL 605231480 WAYNE FOLEY CEO 6305218701 2026-08-19 1 KAREN A SCHAEFER P00545171 3125085900 2026-08-19 2025 WAYNE FOLEY 1900 SPRING ROAD SUITE 450 OAK BROOK IL 605231480 33933 0 X WWW.EMBRACELIVING.ORG X 1990 IL TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 6 5 0 5 0 0 0 0 3339254 0 47614 22896 25103 11037 3411971 33933 0 0 0 0 0 0 0 0 0 247609 194728 247609 194728 3164362 -160795 11316316 1288763 345374 1884071 10970942 -595308 OUR MISSION IS TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 0 0 44112 EMBRACE LIVING DEVELOPMENT 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. 44112 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X EMBRACE LIVING COMMUNITIES 6305218021 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 IRV WOODS DIRECTOR 0.20 X 0 0 0 KAREN M LATIMER HORSTHEMKE DIRECTOR 0.20 X 0 0 0 SCOTT MEYER CHAIRMAN 0.20 X X 0 0 0 RUTH CARLSON DIRECTOR 0.20 X 0 0 0 J PAUL BERTSCHE DIRECTOR 0.20 X 0 0 0 RALPH GAINES PRESIDENT & CEO (FORMER SEPT 25) 0.20 39.80 X 0 363961 39801 WAYNE FOLEY CEO 0.20 39.80 X 0 23077 0 GARY ADAMS DIRECTOR OF OPERATIONS(FORMER DEC 25) 0.20 39.80 X 0 149003 29733 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICES AND QUALITY ASSURANCE 0.20 39.80 X 0 123897 41292 DAWN ZENKNER VICE PRESIDENT OF FINANCE 0.20 39.80 X 0 122244 39051 ED HAVLOVIC DIRECTOR OF PLANT OPERATIO 0.20 39.80 X 0 110884 28081 ALINA SERBAN CHIEF OF STAFF 0.20 39.80 X 0 104929 39104 0 997995 217062 0 0 1 0 0 22896 22896 11037 11037 11037 33933 11037 0 22896 14860 14860 87 87 176446 44112 132334 2754 2754 LOSS FROM INVESTMENTS I 476 476 MISCELLANEOUS 105 105 194728 44112 150616 0 3794165 874367 285720 335925 241944 6900506 172452 11316316 1288763 6273 6600 1025137 339101 852334 345374 1884071 X 10970942 -595308 10970942 -595308 11316316 1288763 X -160795 -11405455 X 0 1 X 1 0 X 106387 1819071 6982374 3339254 12247086 106387 1819071 6982374 3339254 12247086 0 0 0 12247086 141827 1739307 6548053 47614 22896 8499697 141827 1739307 6548053 47614 22896 8499697 69185 776298 25103 11037 881623 248214 3627563 14306725 3411971 33933 21628406 0.56630 0.56920 0.39300 0.39060 X 0 DUE FROM AFFILIATED CORPS 172452 172452 OPERATING LEASE LIABILITIES 256136 INVESTMENT IN LIMITED PARTNERSHIPS 596198 852334 X PART X, LINE 2: THE AFFILIATED CORPORATIONS AND THE NOT FOR PROFIT HOUSING ENTITIES ARE NONPROFIT CORPORATIONS, INCORPORATED UNDER THE ILLINOIS CORPORATION LAW. THE AFFILIATED CORPORATIONS AND THE NOT FOR PROFIT HOUSING ENTITIES ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2025. THE AFFILIATED CORPORATIONS AND THE NOT FOR PROFIT HOUSING ENTITIES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE AFFILIATED CORPORATIONS AND THE NOT FOR PROFIT HOUSING ENTITIES AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2025, 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 CONSOLIDATED FINANCIAL STATEMENTS. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ORGANIZATION 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 2022 REMAIN OPEN 0 0 0 0 0 0 0 0 0 RALPH GAINES PRESIDENT & CEO (FORMER SEPT 25) 0 363961 0 0 0 0 0 11996 0 27805 0 403762 0 0 GARY ADAMS DIRECTOR OF OPERATIONS(FORMER DEC 25 0 149003 0 0 0 0 0 5060 0 24673 0 178736 0 0 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICES AND QUAL 0 123897 0 0 0 0 0 5089 0 36203 0 165189 0 0 DAWN ZENKNER VICE PRESIDENT OF FINANCE 0 122244 0 0 0 0 0 4024 0 35027 0 161295 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. FORM 990, PART XI, LINE 9: EQUITY TRANSFERS -11,405,455. RESTATEMENT OF EQUITY FOR HOUSING ENTITY LIMITED PARTNERSHIP ACQUISITIONS 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. REGULATION SECTION 1.263(A)-1(F) - DE MINIMIS SAFE HARBOR ELECTION TAXPAYER NAME: EMBRACE LIVING COMMUNITIES TAXPAYER ADDRESS: 1900 SPRING ROAD, SUITE 450, OAK BROOK, IL 60523 TAXPAYER ID NUMBER: 36-3487477 YEAR-END: 12/31/2025 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. EMBRACE LIVING CHARITIES 1900 SPRING RD STE 450 OAK BROOK IL 60523 362166970 FUNDRAISING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 BETHEL AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696581 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 BETHEL AREA HOUSING SOUTH INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363973915 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 GLENVIEW ELDERLY HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363267264 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF PALATINE INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363895200 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 KENWOOD AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696608 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 EMBRACE LIVING COMMUNITIES 1900 SPRING RD STE 450 OAK BROOK IL 60523 363487477 PROPERTY MGMT IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 MORGAN PARK AND BEVERLY HANDICAPPED INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363515819 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 SARASOTA AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696610 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 APOSTLES VILLAGE 1900 SPRING RD STE 450 OAK BROOK IL 60523 422100763 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 MEMORIAL DRIVE COMMUNITY INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 452652514 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF STERLING 1900 SPRING RD STE 450 OAK BROOK IL 60523 364209258 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF NORTH AURORA 1900 SPRING RD STE 450 OAK BROOK IL 60523 371421479 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 BAYONET POINT AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696590 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF ALLERTON 1900 SPRING RD STE 450 OAK BROOK IL 60523 271954463 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF BIENTERRA 1900 SPRING RD STE 450 OAK BROOK IL 60523 364126791 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF LOVES PARK 1900 SPRING RD STE 450 OAK BROOK IL 60523 364352754 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF MULFORD 1900 SPRING RD STE 450 OAK BROOK IL 60523 363038261 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 EMBRACE INTEREST LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 852148586 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF BARRINGTON 1900 SPRING RD STE 450 OAK BROOK IL 60523 363267264 AFFRDBL HSING IL 501(C)(3) 509 (A) EMBRACE LIVING COMMUNITIES 0 ANCHOR SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 872830266 RENTAL SENIOR IL N/A 0 0 GREENWOOD SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 872863302 RENTAL SENIOR IL N/A 0 0 GROVE SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852201219 RENTAL SENIOR IL N/A 0 0 OASIS SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852224763 RENTAL SENIOR IL N/A 0 0 ANCHOR SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852073277 RENTAL SENIOR IL N/A C 0 GREENWOOD SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 872840003 RENTAL SENIOR IL N/A C 0 GROVE SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852073277 RENTAL SENIOR IL N/A C 0 OASIS SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852124487 RENTAL SENIOR IL N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 EMBRACE LIVING COMMUNITIES O 675318 AMOUNT BILLED EMBRACE LIVING COMMUNITIES- COMBINED WITH ABOVE AMOUNT P AMOUNT BILLED