2026-09-10T03:29:56-05:00 2025-12-31 333709623 COHNREZNICK ADVISORY LLC 1 SOUTH WACKER DRIVE SUITE 3550 CHICAGO IL 60606 990 2025-01-01 362166970 EMBRACE LIVING CHARITIES EMBR 6305218021 1900 SPRING ROAD SUITE 450 OAK BROOK IL 605231480 WAYNE FOLEY CEO 6305218701 2026-08-20 1 KAREN A SCHAEFER P00545171 3125085900 2026-08-20 2025 WAYNE FOLEY 1900 SPRING ROAD SUITE 450 OAK BROOK IL 605231480 404569 0 X WWW.EMBRACELIVING.ORG X 1894 IL TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 6 5 0 0 0 0 373287 284886 0 0 865863 116195 2412 3488 1241562 404569 0 0 0 0 0 0 0 0 0 294773 230802 294773 230802 946789 173767 38480722 6158564 46974 11425 38433748 6147139 TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 0 0 230202 0 3488 EMBRACE LIVING CHARITIES, A NONPROFIT ORGANIZATION WAS ESTABLISHED IN 1894 TO PROVIDE PROGRAMS AND SERVICES FOR THE ELDERLY. EMBRACE LIVING CHARITIES IS THE FUNDRAISING ARM FOR EMBRACE LIVING COMMUNITIES. 230202 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 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 0 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 RUTH CARLSON DIRECTOR 0.20 X 0 0 0 SCOTT MEYER CHAIRMAN 0.20 X X 0 0 0 J PAUL BERSCHE 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 ALINA SERBAN CHIEF OF STAFF 0.20 39.80 X 0 104929 39104 DAWN ZENKNER VICE PRESIDENT OF FINANCE 0.20 39.80 X 0 122244 39051 ED HAVLOVIC DIRECTOR OF PLANT OPERATIONS 0.20 39.80 X 0 110884 28081 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 0 997995 217062 0 0 1 0 0 284886 284886 116195 116195 3488 3488 3488 404569 3488 0 116195 X 68955 68955 6600 6600 151600 151600 2515 2515 600 600 532 532 230802 230202 600 0 451741 477792 8361 12331 38020620 5668441 38480722 6158564 40313 11425 6661 0 46974 11425 X 33204513 338969 5229235 5808170 38433748 6147139 38480722 6158564 X 173767 605971 -33066347 X 0 1 X 1 0 X 51678 223682 52827 373287 284886 986360 51678 223682 52827 373287 284886 986360 139484 846876 533893 605041 678830 865863 116195 2799822 2412 3488 5900 3792082 0.22330 0.23320 X EMBRACE LIVING CHARITIES PROVIDES SERVICES TO THE GENERAL PUBLIC BY PROVIDING AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND HANDICAPPED INDIVIDUALS AND HAS DONE SO OVER MANY YEARS. THE ORGANIZATION CONTINUES ITS FUNDRAISING ACTIVITIES ON AN ONGOING BASIS TO TRY TO SOLICIT DONATIONS FROM THE GENERAL PUBLIC.IN JANUARY OF 2025 EMBRACE LIVING CHARITIES TRANSFERED SECURITIES IN THE AMOUNT OF $27,252,002 TO EMBRACE LIVING COMMUNITIES FOR ITS USE IN PROVIDING FOR LOW INCOME AND HANDICAPPED INDIVIDUALS.IN MARCH OF 2025 EMBRACE LIVING CHARITIES TRANSFERED SECURITIES IN THE AMOUNT OF $6,323,206 TO EMBRACE LIVING COMMUNITIES FOR ITS USE IN PROVIDING FOR LOW INCOME AND HANDICAPPED INDIVIDUALS.IF THE TRANSFERS ABOVE OCCURRED IN THE BEGINNING OF 2025 THE PUBLIC SUPPORT PERCENTAGE FOR 2025 WOULD HAVE BEEN AN ESTIMATED 27% IN 2025 AND 28% IN 2024. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 BENEFICIAL INT PERPETUAL TRST 5662815 DUE TO AFFILIATES 5626 5668441 X 1010540 605971 605971 404569 0 404569 230802 0 230802 0 230802 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 0 0 39801 0 403762 0 0 GARY ADAMS DIRECTOR OF OPERATIONS(FORMER DEC 25 0 149003 0 0 0 0 0 0 0 29733 0 178736 0 0 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICES AND QUAL 0 123897 0 0 0 0 0 0 0 41292 0 165189 0 0 DAWN ZENKNER VICE PRESIDENT OF FINANCE 0 122244 0 0 0 0 0 0 0 39051 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 EXECUTIVE VICE PRESIDENT/CFO OF EMBRACE LIVING COMMUNITIES. IT IS THEN PRESENTED TO 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 CHAIRMAN 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 HER/HIS 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 IX, LINE 11G TENANT PROGRAMS AND SERVICES: PROGRAM SERVICE EXPENSES 151,600. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 151,600. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 573,500. EQUITY TRANSFERS -33,639,847. PART XI, LINE 9: CHANGE IN NET ASSETS/FUND BALANCES: DURING THE YEAR THERE WAS A INCREASE IN THE FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS IN THE AMOUNT OF $573,500 & EQUITY TRANSFERS OF -33,639,846. FORM 990 PART IX LINE 11G TENANT PROGRAMS AND SERVICES - $151,600 BAYONET POINT AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696590 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 BETHEL AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696581 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 BETHEL AREA HOUSING SOUTH INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363973915 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 GLENVIEW ELDERLY HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363569408 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF BARRINGTON 1900 SPRING RD STE 450 OAK BROOK IL 60523 363267264 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF PALATINE INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363895200 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 KENWOOD AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696608 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 EMBRACE LIVING DEVELOPMENT 1900 SPRING RD STE 450 OAK BROOK IL 60523 363729609 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 EMBRACE LIVING COMMUNITIES 1900 SPRING RD STE 450 OAK BROOK IL 60523 363487477 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 MORGAN PARK AND BEVERLY HANDICAPPED INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363515819 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 SARASOTA AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696610 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 APOSTLES VILLAGE 1900 SPRING RD STE 450 OAK BROOK IL 60523 422100763 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 MEMORIAL DRIVE COMMUNITY 1900 SPRING RD STE 450 OAK BROOK IL 60523 452652514 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF STERLING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 364209258 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF NORTH AURORA 1900 SPRING RD STE 450 OAK BROOK IL 60523 371421479 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF ALLERTON 1900 SPRING RD STE 450 OAK BROOK IL 60523 271954463 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF BIENTERRA 1900 SPRING RD STE 450 OAK BROOK IL 60523 364126791 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF LOVES PARK 1900 SPRING RD STE 450 OAK BROOK IL 60523 364352754 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 GREENCASTLE OF MULFORD 1900 SPRING RD STE 450 OAK BROOK IL 60523 363038261 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 EMBRACE INTEREST LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 852148586 AFFORDABLE HOUSING IL 501(C)(3) LINE 10 EMBRACE LIVING COMMUNITIES 0 ANCHOR SENIOR LIVING 2021 GP LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 743153197 RENTAL SENIOR IL N/A 0 0 GREENWOOD SENIOR LIVING 2021 GP LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 743153201 RENTAL SENIOR IL N/A 0 0 GROVE SENIOR LIVING 2021 GP LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 743153200 RENTAL SENIOR IL N/A 0 0 OASIS SENIOR LIVING 2021 GP LLCOASIS SENIOR LIVING 2021 GP LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 743153203 RENTAL SENIOR IL N/A 0 0 ANCHOR SENIOR LIVING 2021 GP LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 852073277 RENTAL SENIOR IL N/A C 0 GREENWOOD SENIOR LIVING 2021 GP LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 872840003 RENTAL SENIOR IL N/A C 0 GROVE SENIOR LIVING 2021 GP LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 852073277 RENTAL SENIOR IL N/A C 0 OASIS SENIOR LIVING 2021 GP LLC 1900 SPRING RD STE 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 790715 AMOUNT BILLED