2024-11-12T10:27:10-06:00 2023-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-01-01 363386534 PEACE VILLAGE PEAC 7083613683 10300 VILLAGE CIRCLE DRIVE PALOS PARK IL 60464 THOMAS BAYER PRESIDENT 7083613683 2024-11-08 1 1 JESSICA TOADER P01464604 3122071040 2024-11-08 2023 2024-10-15 13:58:12Z ROGER ELLENS 10300 VILLAGE CIRCLE DRIVE PALOS PARK IL 60464 13406088 0 X WWW.PEACEVILLAGE.ORG X 1989 IL PEACE VILLAGE IS A RETIREMENT FACILITY PROVIDING HOUSING, MEALS, PERSONAL SERVICES AND RECREATIONAL ACTIVITIES FOR THE ELDERLY. 10 9 138 100 16708 0 94180 108499 10723111 12094719 -71498 53151 105073 252364 10850866 12508733 32000 32000 0 0 4930657 5261126 0 0 68653 9883087 10599503 14845744 15892629 -3994878 -3383896 22645559 21394335 68154060 72705444 -45508501 -51311109 X PEACE VILLAGE IS A RETIREMENT FACILITY PROVIDING HOUSING, MEALS, PERSONAL SERVICES AND RECREATIONAL ACTIVITIES FOR THE ELDERLY. ACTIVITIES ARE DESIGNED AROUND WHAT THE RESIDENTS WANT TO DO. THE CALENDAR ALLOWS THE RESIDENTS TO SEE HOW THESE ACTIVITIES BENEFIT THE SIX DIMENSIONS OF WELLNESS: PHYSICAL, EMOTIONAL, SPIRITUAL, EDUCATIONAL, SOCIAL, AND ENVIRONMENT. 0 0 12025041 32000 12288384 PEACE VILLAGE IS A RETIREMENT FACILITY PROVIDING HOUSING, MEALS, PERSONAL SERVICES AND RECREATIONAL ACTIVITIES FOR THE ELDERLY. ACTIVITIES ARE DESIGNED AROUND WHAT THE RESIDENTS WANT TO DO. THE CALENDAR ALLOWS THE RESIDENTS TO SEE HOW THESE ACTIVITIES BENEFIT THE SIX DIMENSIONS OF WELLNESS: PHYSICAL, EMOTIONAL, SPIRITUAL, EDUCATIONAL, SOCIAL, AND ENVIRONMENT. 12025041 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 1 23 0 1 138 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ROGER ELLENS 7086712403 10300 VILLAGE CIRCLE DRIVE PALOS PARK IL 60464 KATHERINE GRABEN PRESIDENT 3.00 1.00 X X 0 0 0 ROY OBRIECHT TREASURER - END. FEB 2023 3.00 1.00 X X 0 0 0 DAVID SKALA SECRETARY & VP 3.00 1.00 X X 0 0 0 THOMAS BAYER TREASURER - BEG. MAR 2023 3.00 1.00 X X 0 0 0 ANDREW PILLADO DIRECTOR - BEG. NOV 2023 3.00 1.00 X 0 0 0 NANCY KORAN DIRECTOR - BEG. SEPT 2023 3.00 1.00 X 0 0 0 REV KIRK MOORE DIRECTOR - BEG. AUG 2023 3.00 1.00 X 0 0 0 LAURA VOOGT DIRECTOR 3.00 1.00 X 0 0 0 WILLAM BAYER DIRECTOR 3.00 1.00 X 0 0 0 REV JUDY JONES DIRECTOR - END. JULY 2023 3.00 1.00 X 0 0 0 RUTH VAN HECKE DIRECTOR 3.00 1.00 X 0 0 0 KEITH KOCH DIRECTOR 3.00 1.00 X 0 0 0 ROGER ELLENS CEO 40.00 1.00 X 185371 0 28208 CLYDE SMITH DIRECTOR OF FINANCE & IT 40.00 1.00 X 108675 0 5327 NANCY SMERALDO DIRECTOR OF SALES & MARKET 40.00 0.00 X 134296 0 18879 TIM STOUB DIRECTOR OF FACILITIES 40.00 1.00 X 112953 0 22655 541295 0 75069 5 0 1 0 MORRISON COMMUNITY LIVING PO BOX 102289 ATLANTA GA 303682289 FOOD PREPARATION & SERVING SERVICES 3630179 STEVENS & TATE INC 1900 S HIGHLAND AVE SUITE 200 LOMBARD IL 60148 ADVERTISING & MARKETING SERVICES 443867 GRAPE TREE MEDICAL STAFFING LLC PO BOX 5340 SIOUX FALLS SD 571175340 MEDICAL STAFFING 333007 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 295025599 CONSULTING 252656 WAYNE BARKUS PAINTING LLC 6877 AUCKLAND DR AUSTIN TX 78749 PAINTING 249036 11 21154 87345 108499 SERVICE FEES - PEACE 623990 6049008 6049008 SERVICE FEES - CIRCLE 623990 4613365 4613365 ACCOMMODATION FEES 623990 952336 952336 PEACE CARE 623990 480010 480010 12094719 53862 53862 905909 889201 16708 16708 16708 711 -711 -711 -711 9044 21154 7443 1601 1601 SUPPORT SERVICES 900099 193665 193665 COFFEE SHOP 900099 40390 40390 234055 12508733 12288384 16708 95142 X 32000 32000 293103 293103 3969215 3887062 17224 64929 150771 139624 11147 562644 521046 41598 285393 260844 20825 3724 41334 41334 3764 3764 7169 7169 4345673 3746041 599632 386937 386937 50822 3482 47340 8810 8810 1105409 221322 884087 3059 2960 99 13580 12221 1359 1065849 1065849 1951202 1853642 97560 15528 6059 9469 RESIDENT ASSISTANCE 589921 589921 0 SUPPLIES 147553 110606 36947 DUES AND SUBSCRIPTIONS 16746 0 16746 LICENSE AND PERMITS 4883 0 4883 841264 638211 203053 15892629 12025041 3798935 68653 696261 596980 52308 29398 450300 1313550 33096 35767 278370 652215 66696443 50856717 17185045 15839726 1401981 432297 727514 746797 1820684 1747605 22645559 21394335 6014574 1167970 34885662 36897973 26454657 26233269 799167 8406232 68154060 72705444 X -45508501 -51311109 -45508501 -51311109 22645559 21394335 X -3383896 48333 -1858248 -608797 X 0 1 X 1 0 X 89245 923237 1141606 94180 108499 2356767 11148898 10882391 11303321 10965283 12288384 56588277 11238143 11805628 12444927 11059463 12396883 58945044 0 0 0 58945044 234281 70202 44373 44723 53862 447441 234281 70202 44373 44723 53862 447441 297904 23112 31961 39419 49434 441830 11770328 11898942 12521261 11143605 12500179 59834315 0.98510 0.97860 0.00750 0.01140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1572431 1572431 60595610 47117996 13477614 4454563 3738721 715842 73839 73839 15839726 ENDOWMENT FUND - FINANCIAL ASSISTANCE 11693 ACCRUED RENTAL REVENUE 325137 PVCI EXCESS CASH FLOW 678917 PEACE LIFE CARE SYSTEM, LLC 81830 FAIR VALUE OF SWAP 650028 1747605 RESIDENT DEPOSITS 7000 SECURITY DEPOSITS 92339 WAIT LIST DEPOSITS 8200 CAPITAL LEASE PAYABLE 5899181 DEFERRED TAX LIABILITY 1128310 CONTINGENT LIABILITY 799230 COST SETTLEMENTS PAYABLE 471972 8406232 GOLF OUTING 30198 21154 9044 0 0 3993 3450 0 0 30198 21154 9044 3993 3450 7443 1601 1 PEACE MEMORIAL CHURCH 10300 WEST 131 ST PALOS PARK IL 60464 362276998 501(C)(3) 32000 0 TO ASSIST PEACE MEMORIAL CHURCH WITH ITS TAX-EXEMPT MISSION 1 0 PART I, LINE 2: PEACE VILLAGE'S SENIOR MANAGEMENT MEETS WITH PEACE MEMORIAL CHURCH AT LEAST ANNUALLY. SINCE THE FUNDS ARE TO BE USED FOR THE GENERAL SUPPORT OF PEACE MEMORIAL CHURCH'S MISSION, PEACE VILLAGE DOES NOT REQUIRE THE ORGANIZATION TO SUBSTANTIATE THEIR EXPENDITURES RELATED TO THESE CONTRIBUTIONS. X X X 0 0 0 0 0 0 0 1 0 ROGER ELLENS CEO 179012 0 5773 0 586 0 12263 0 15945 0 213579 0 0 0 NANCY SMERALDO DIRECTOR OF SALES & MARKET 85396 0 48438 0 462 0 4487 0 14392 0 153175 0 0 0 PART I, LINE 7 THE CEO AND OTHER INDIVIDUALS MAY RECEIVE A BONUS BASED ON PERFORMANCE AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THIS BONUS MUST BE APPROVED BY THE EXECUTIVE COMMITTEE. TIM STOUB EMPLOYEE AND BROTHER OF LAURA VOOGT, BOARD MEMBER 112522 EMPLOYEE 0 FORM 990, PART VI, SECTION A, LINE 2 THOMAS BAYER AND WILLIAM BAYER HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 PEACE MEMORIAL CHURCH IS THE ORGANIZATION'S SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A PEACE MEMORIAL CHURCH MAY ELECT ONE OR MORE MEMBERS OF PEACE VILLAGE'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS OF THE PEACE VILLAGE GOVERNING BODY MAY BE SUBJECT TO APPROVAL BY THE MEMBERS OF PEACE MEMORIAL CHURCH'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990. A MEETING OR CONFERENCE CALL IS SUBSEQUENTLY SCHEDULED FOR THE CPA FIRM AND ORGANIZATION MANAGEMENT TO DISCUSS THE FORM 990 WITH THE FINANCE COMMITTEE. AFTER THE MEETING, A COPY OF THE FULL 990 IS PROVIDED TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS COMPLETES AND ANNUALLY REVIEWS CONFLICT STATEMENTS EACH JANUARY. DEPENDING ON THE SPECIFICS OF THE CONFLICT, VARIOUS ACTIONS COULD BE TAKEN WITH THE GOAL OF ELIMINATING THE CONFLICT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF OFFICERS AND KEY EMPLOYEES INCLUDES A MARKET ANALYSIS OF COMPARABLE POSITIONS FROM SIMILAR ORGANIZATIONS FOR BENCHMARKING PURPOSES. THIS INFORMATION IS REVIEWED BY THE DIRECTOR OF HUMAN RESOURCES, WITH FINAL COMPENSATION DECISIONS MADE BY THE CEO WITHIN BUDGETARY GUIDELINES WHICH ARE REVIEWED IN DETAIL BY THE FINANCE COMMITTEE AND APPROVED BY THE FULL BOARD. THE EXECUTIVE COMMITTEE (CONSISTING OF THE PRESIDENT, VICE PRESIDENT, AND TREASURER) MEETS ANNUALLY TO REVIEW THE CEO'S PERFORMANCE. THAT REVIEW, ALONG WITH ORGANIZATION'S PERFORMANCE, MARKET FACTORS, AND THE COMPANY'S "CHIEF EXECUTIVE OFFICER PERFORMANCE INCENTIVE PLAN" INFORM THE EXECUTIVE COMMITTEE'S DECISION REGARDING THE CEO'S COMPENSATION. ONCE FINALIZED, THAT DECISION IS COMMUNICATED TO THE FULL BOARD AT ITS NEXT REGULAR MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 623,427. MANAGEMENT AND GENERAL EXPENSES 125,907. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 749,334. CONSULTING: PROGRAM SERVICE EXPENSES 2,089,639. MANAGEMENT AND GENERAL EXPENSES 473,725. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,563,364. PURCHASED SERVICES - FOOD AND BEVERAGE: PROGRAM SERVICE EXPENSES 1,032,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,032,975. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -608,194. OTHER ADJUSTMENT -603. FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENTS: PRIOR PERIOD ADJUSTMENT FROM AUDITED FINANCIAL STATEMENTS. PEACE PROPERTIES LLC 10300 VILLAGE CIRCLE PALOS PARK IL 60464 200088410 RENTAL REAL ESTATE IL 16708 4011446 PEACE VILLAGE PEACE MEMORIAL CHURCH 10300 WEST 131 ST PALOS PARK IL 60464 362276998 CHURCH IL 501(C)(3) LINE 1 N/A 0 PEACE LIFE CARE SYSTEM 10300 VILLAGE CIRCLE DRIVE PALOS PARK IL 60464 273719095 CHARITABLE ADMINISTRATION IL 501(C)(3) LINE 12A, I PEACE VILLAGE 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 PEACE MEMORIAL CHURCH B 32000 CASH PEACE LIFE CARE SYSTEM L 782 ACTUAL COSTS INCURRED