2023-05-11T13:51:20-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2021-07-01 010729134 THE OAKS AT BARTLETT OAKS 6303721983 827 CARILLON DRIVE BARTLETT IL 60103 TIMOTHY LYNCH EXECUTIVE DIRECTOR 6303721983 2023-05-10 1 TIMOTHY LYNCH 999009999 CHAD D KUNZE CPA P00639380 6305738600 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z TIMOTHY LYNCH 827 CARILLON DR BARTLETT IL 60103 13974172 0 X WWW.THEOAKSATBARTLETT.COM X 2002 IL THE OAKS AT BARTLETT IS AN ENDURING SENIOR LIVING COMMUNITY THAT SUPPORTS A FULLER AND FREER LIFE. 5 5 361 0 0 0 0 320584 13275973 13651290 759 2298 3061 0 13279793 13974172 0 0 0 0 7902772 8060952 0 0 0 13733147 11569575 21635919 19630527 -8356126 -5656355 26201984 25731646 100229579 103748155 -74027595 -78016509 THE OAKS AT BARTLETT, A LIFE PLAN COMMUNITY, EXISTS TO NOURISH, CELEBRATE AND ENHANCE THE MIND, BODY AND SPIRIT. 0 0 16456605 13651290 THE OAKS AT BARTLETT IS A LIFE PLAN COMMUNITY (LPC) PROVIDING LIVING ARRANGEMENTS AND SERVICES TO PERSONS 62 YEARS OF AGE AND OLDER. CAMPUS WIDE SERVICES INCLUDE DINING, ACTIVITIES, MAINTENANCE, HOUSEKEEPING, WELLNESS PROGRAMS, SUPPORTIVE SERVICES AND 24 HOUR SECURITY. THE INDEPENDENT LIVING AREA (164 RESIDENCES) OFFERS A VARIETY OF PRIVATE LIVING ARRANGEMENTS, A FITNESS CENTER, LIBRARY, MINI MART, COMPUTER ROOM AND TRANSPORTATION. THE ASSISTED HEALTH CARE CENTER OFFERS LONG TERM SKILLED CARE AND SHORT TERM REHABILITATION SERVICES. LICENSED STAFF IN THE ASSISTED LIVING (49 SUITES), MEMORY SUPPORT (16 SUITES) AND SKILLED NURSING NEIGHBORHOODS (60 ROOMS) PROVIDE COURTEOUS SERVICE, HOSPITALITY, DIGNITY AND RESPECT TO ALL IN OUR CARE. 16456605 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 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 63 0 361 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X TIMOTHY LYNCH 6303721983 825 CARILLON DRIVE BARTLETT IL 60103 KATHY MEISINGER MEMBER OF THE BOARD 3.00 X 0 0 0 RICHARD NOLDEN MEMBER OF THE BOARD 3.00 X 0 0 0 JAMES NUGENT TREASURER OF THE BOARD 3.00 X X 0 0 0 JULIE BOGGESS PRESIDENT OF THE BOARD 3.00 X X 0 0 0 AARON REINKE SECRETARY OF THE BOARD 3.00 X X 0 0 0 TIMOTHY LYNCH EXECUTIVE DIRECTOR 40.00 X 130347 0 586 KALSANG YOUTSO HEALTH CENTER ADMINISTRATOR 40.00 X 123205 0 8884 TAMMETTE HOLZER DIR. OF SALES AND MARKETING 40.00 X 132864 0 369 MA LOURDES C DOMINGO REGISTERED NURSE 46.00 X 133442 0 490 BRENDA CASTANOS REGISTERED NURSE 48.00 X 148894 0 16309 NALUCHA SITALI LPN/LVN - AL 48.00 X 116196 0 8921 784948 0 35559 10 0 1 0 CHARLES HALL CONSTRUCTION LLC 601 OAKMONT LN 400 WESTMONT IL 60559 CONSTRUCTION OF HCC 2ND FLOOR 2018160 SYMBRIA REHAB INC 28100 TORCH PKWY 600 WARRENVILLE IL 60555 THERAPY SERVICES 1089441 ER SENIOR MANAGEMENT LLC 1 VILLAGE DR SUITE 400 ABILENE TX 79606 MANAGEMENT SERVICES 762191 US FOODS 9399 W HIGGINS RD SUITE 100 ROSEMONT IL 60018 FOOD AND SUPPLIES FOR DINING 350223 SISTERS OF ST JOSEPH TOSF INC 7260 W PETERSON AVE STE 216 CHICAGO IL 60631 GROUND LEASE 300000 17 320584 320584 RESIDENT SERVICES 623000 13028544 13028544 ENTRANCE FEE AMORTIZATION 623000 622746 622746 13651290 1298 1298 1000 0 1000 1000 1000 13974172 13651290 0 2298 215263 215263 6592942 5562331 1030611 39727 32457 7270 730873 597126 133747 482147 433122 49025 114247 114247 569319 569319 96286 96286 203297 77605 125692 205099 205099 1001559 1001559 18907 17013 1894 6168 4521 1647 3096984 3096984 1477581 1477581 782108 667773 114335 THERAPY 980017 980017 MISCELLANEOUS 652266 10793 641473 SUPPLIES AND AGENCY 590645 590645 FOOD 511281 511281 1263811 826478 437333 19630527 16456605 3173922 0 2157339 2181154 1346295 1179056 18707 44263 57645 40285 1377280 1466630 43546733 24507823 16585303 19038910 3979415 1021348 680000 760000 26201984 25731646 2191624 3730518 51793093 49735481 46244862 50282156 100229579 103748155 X -74027595 -78016509 -74027595 -78016509 26201984 25731646 X -5656355 1667441 X 0 1 X 1 0 X 606 653985 320584 975175 18098197 18331877 17507490 12773248 12611314 79322126 18098197 18332483 18161475 12773248 12931898 80297301 0 0 0 80297301 33723 79459 12125 759 1298 127364 33723 79459 12125 759 1298 127364 504772 511652 1264003 502123 622746 3405296 18636692 18923594 19437603 13276130 13555942 83829961 0.95790 0.96270 0.00150 0.00170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37793825 19238517 18555308 424478 294902 129576 5201123 4974404 226719 127307 127307 19038910 DEFERRED REVENUE FROM ENTRANCE FEES 1752921 RESERVATION DEPOSITS 461280 REFUNDABLE ENTRANCE FEES 48067955 50282156 X 13982278 0 13982278 -8106 -8106 13974172 19638633 0 19638633 -8106 -8106 19630527 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC. THE ORGANIZATION IS CLASSIFIED AS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION UNDER THE IRC AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFIES AS CHARITABLE TAX DEDUCTIONS FOR THE CONTRIBUTOR. THE ENTITY FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE (IRS). PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER -8,106. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER -8,106. X 0 0 0 0 0 0 0 0 0 BRENDA CASTANOS REGISTERED NURSE 124669 0 24225 0 0 0 147 0 16162 0 165203 0 0 0 PART I, LINE 3 ON AN ANNUAL BASIS, THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND ADJUSTMENT DETERMINED BY THE BOARD. A ILLINOIS FINANCE AUTHORITY 861091967 000000000 2020-11-06 41810000 REFINANCE OF SERIES 2012 BONDS 0 0 0 A 41810000 129667 820333 3100000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS SHALL CONSIST OF NOT LESS THAN SEVEN (7) NOR MORE THAN EIGHT (8) MEMBERS, NOT LESS THAN FOUR (4) NOR MORE THAN FIVE (5) OF WHOM SHALL BE DESIGNATED "CLASS A DIRECTORS" (THE "CLASS A DIRECTORS") AND THREE (3) OF WHOM SHALL BE DESIGNATED "CLASS B DIRECTORS" (THE "CLASS B DIRECTORS"). (I) THE CLASS A DIRECTORS SHALL BE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING OF MEMBERS (UNLESS THE RIGHT TO ELECT CLASS A DIRECTORS SHALL HAVE BEEN WAIVED BY THE MEMBERS IN ACCORDANCE WITH THE PROVISIONS OF THESE BYLAWS, IN WHICH EVENT THE CLASS A DIRECTORS SHALL BE ELECTED BY A MAJORITY VOTE OF THE CLASS A DIRECTORS) AND (II) THE CLASS B DIRECTORS SHALL BE ELECTED BY A MAJORITY VOTE OF THE CLASS B DIRECTORS (EXCEPT IN THE EVENT OF THE PRIOR DEATH OR RESIGNATION OF ALL THE CLASS B DIRECTORS, IN WHICH EVENT THE CLASS B DIRECTORS SHALL BE ELECTED BY A MAJORITY VOTE OF THE CLASS A DIRECTORS) AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE CLASS A DIRECTORS SHALL BE ELECTED BY THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B NONE OF THE FOLLOWING ACTIONS SHALL BE TAKEN BY THE CORPORATION UNLESS APPROVED BY VOTE OR WRITTEN CONSENT OF THE MEMBERS: 1) AMENDMENT OF THE ARTICLES OF INCORPORATION, 2) AMENDMENT OF THE BYLAWS OF THE CORPORATION, 3) A CHANGE IN THE MISSION, PHILOSOPHY, VALUES, OR NAME OF THE CORPORATION, 4) ELECTION AND REMOVAL OF THE CLASS A DIRECTORS OR 5) THE SALE LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION; THE DISSOLUTION, LIQUIDATION, MERGER, CONSOLIDATION OR AFFILIATION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WILL BE DISTRIBUTED TO THE VOLUNTEER BOARD OR DIRECTORS FOR REVIEW AND COMMENTS. ANY QUESTIONS WILL BE DIRECTED TO THE CHIEF FINANCIAL OFFICER AND WILL BE ADDRESSED WITH THE PREPARER. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE INCLUDES A STATEMENT THAT THE INDIVIDUAL WILL IMMEDIATELY REPORT ANY KNOWN PERSONAL OR BUSINESS RELATIONSHIP THAT EXISTS WITH AN ORGANIZATION/INDIVIDUAL DOING BUSINESS WITH THE OAKS AT BARTLETT, TO THE CHIEF EXECUTIVE OFFICER AND THE PRESIDENT OF THE VOLUNTEER BOARD OF DIRECTORS. ALL CONTRACTS AND AGREEMENTS ARE REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER TO ASCERTAIN IF ANY RELATIONSHIP EXISTS BETWEEN THE CONTRACTOR AND ANY OFFICERS, DIRECTORS, OR KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE OAKS AT BARTLETT HAS A PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND OTHER KEY EMPLOYEES THAT INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 18 THE OAKS AT BARTLETT MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION ON ANOTHER'S WEBSITE (I.E. GUIDESTAR) WITH FORM 1023 BEING MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE OAKS AT BARTLETT MAKES ITS GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI, LINE 9 AS A RESULT OF THE BANKRUPTCY, THE ORGANIZATION'S 2020 FORM 990 CONTAINED UNAUDITED AMOUNTS. AN AUDIT WAS PERFORMED FOR THE YEAR ENDED JUNE 30, 2022 WHICH IS REFLECTED IN THE 2021 FORM 990. AN ADJUSTMENT TO NET ASSETS WAS NEEDED TO AGREE ENDING NET ASSETS PER THE 2020 FORM 990 TO BEGINNING NET ASSETS PER THE JUNE 30, 2022 AUDITED AMOUNTS. PART OF THE ADJUSTMENT INCLUDES CORRECTION AN ERROR FOR $407,660.