2025-08-01T13:02:45-05:00 2024-12-31 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2024-01-01 391531532 HARWOOD PLACE INC HARW 4142566800 7500 W NORTH AVENUE WAUWATOSA WI 53213 KATHRYN CAVERS PRESIDENT & CEO 4142566800 2025-08-01 1 1 SOLOMON MARDAKHAEV P01806552 6105653930 2025-08-01 2024 2025-03-06 01:10:19Z KATHRYN CAVERS 7500 W NORTH AVENUE WAUWATOSA WI 53213 9543829 0 X WWW.THELUTHERANHOME.ORG X 1988 DE HARWOOD PLACE PROVIDES ASSISTED LIVING AND INDEPENDENT LIVING. 16 16 125 91 0 0 2691153 703187 8367114 8569242 198336 202675 0 0 11256603 9475104 0 0 0 0 3770568 3949607 0 0 0 5014549 5042182 8785117 8991789 2471486 483315 18194280 19171887 31263787 31328450 -13069507 -12156563 HARWOOD PLACE, INC. IS DEDICATED TO SERVING OLDER ADULTS AND ENRICHING THE LIVES OF THOSE WE TOUCH BY PROVIDING COMPASSIONATE AND LOVING CARE. 0 0 4794916 0 6421657 RETIREMENT HOUSING - HARWOOD LEASES 169 INDEPENDENT LIVING APARTMENTS THAT ARE ALL LICENSED AS RCAC'S. THE APARTMENTS RANGE IN SQUARE FOOTAGE WITH ONE OR TWO BEDROOM OPTIONS. SERVICES OFFERED INCLUDE A WELLNESS CENTER, RESTAURANT, GIFT SHOP, EXTRACURRICULAR ACTIVITIES, MEAL PLAN, HOUSEKEEPING SERVICES, LAUNDRY ROOMS, GUEST ROOMS, IN-HOUSE BEAUTY SHOP, CHAPEL SERVICES, AND RCAC SERVICES. DURING THE YEAR HARWOOD AVERAGED 136 LEASED APARTMENTS. 1987597 0 2147585 COMMUNITY BASED RESIDENTIAL FACILITY - HARWOOD HAS A 32 UNIT CBRF FOR FRAIL ELDERLY NOT NEEDING NURSING HOME SERVICES YET BUT UNABLE TO LIVE INDEPENDENTLY. THE SERVICES OFFERED ARE 24 HOUR NURSING SERVICES, 3 MEALS PER DAY, HOUSEKEEPING, AND LAUNDRY SERVICES. THE CBRF RESIDENTS ALSO HAVE ACCESS TO THE WELLNESS CENTER, IN-HOUSE BEAUTY SHOP, CHAPEL SERVICES, AND EXTRACURRICULAR ACTIVITIES. DURING THE YEAR HARWOOD AVERAGED 28 FILLED CBRF ROOMS. 6782513 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 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 1 0 0 0 1 26 0 125 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X HENRIK CLAUSEN 4142566800 7500 W NORTH AVENUE WAUWATOSA WI 53213 DAVE SANDSTROM CHAIRPERSON 1.00 1.00 X X 0 0 0 MERILOU GONZALES VICE CHAIRPERSON 1.00 1.00 X X 0 0 0 KRIS SURMA TREASURER 1.00 1.00 X X 0 0 0 DIANE EHN SECRETARY 1.00 1.00 X X 0 0 0 CHYTANIA BROWN DIRECTOR (THRU 07/24) 1.00 1.00 X 0 0 0 JIM DENOR DIRECTOR 1.00 1.00 X 0 0 0 MIKE HODAN DIRECTOR 1.00 1.00 X 0 0 0 BEN JUECH DIRECTOR 1.00 1.00 X 0 0 0 BEN KEBBEKUS DIRECTOR 1.00 1.00 X 0 0 0 BRIAN KILB DIRECTOR 1.00 1.00 X 0 0 0 GARY MUELLER DIRECTOR 1.00 1.00 X 0 0 0 HARRIET PEDERSEN DIRECTOR 1.00 1.00 X 0 0 0 RON PHILLEO DIRECTOR 1.00 1.00 X 0 0 0 REV RANDY RAASCH DIRECTOR 1.00 1.00 X 0 0 0 TIM REARDON DIRECTOR 1.00 1.00 X 0 0 0 PAUL ROSENBERG DIRECTOR 1.00 1.00 X 0 0 0 KATIE TRISKA WIEMER DIRECTOR 1.00 1.00 X 0 0 0 KATHY CAVERS PRESIDENT & CEO 16.00 24.00 X 0 252326 26709 HENRIK CLAUSEN VP OF FINANCE & CFO 16.00 24.00 X 0 144180 13863 SHERI POLCZYNSKI EXECUTIVE DIRECTOR 40.00 X 108707 0 3214 108707 396506 43786 1 0 1 0 A & A CONTRACTORS 1323 W WATERFORD AVENUE ST FRANCIS WI 53235 APARTMENT RENOVATION SERVICES 646612 STIER CONSTRUCTION N8 W22195 JOHNSON DR 160 WAUKESHA WI 53186 CONSTRUCTION / RENOVATION SERVICES 568386 PLUNKETT RAYSICH ARCHITECTS 209 SOUTH WATER STREET MILWAUKEE WI 53204 ARCHITECT SERVICES 155745 3 703187 703187 NET RESIDENT SERVICE REVENUE 623000 7330413 7330413 AMORTIZATION OF ENTRANCE FEES 623000 415270 415270 823559 823559 8569242 149336 149336 122064 68725 53339 53339 53339 9475104 8569242 0 202675 111921 111921 3219282 2662547 556735 36484 31763 4721 340340 272371 67969 241580 193330 48250 654227 654227 747 747 17748 17748 587490 556149 31341 83242 83242 158826 158826 702984 560870 142114 11002 11002 311307 311307 1791093 1694108 96985 116021 116021 RAW FOOD 471479 471479 SUPPLIES 36355 36355 EQUIPMENT MAINTENANCE 30492 30492 DUES & SUBSCRIPTIONS 25548 25548 43621 28589 15032 8991789 6782513 2209276 0 433049 10006 55822 92321 13661 32622 49135865 36600343 12495621 12535522 5007658 5626326 188469 875090 18194280 19171887 830432 600222 1604663 1787747 8644036 7821868 20178290 19915085 6366 1203528 31263787 31328450 X -13190719 -12978004 121212 821441 -13069507 -12156563 18194280 19171887 483315 429629 0 X 0 1 X 1 0 X 97681 104377 7482 2570241 703187 3482968 8065259 8289153 8370760 8367114 8569242 41661528 8162940 8393530 8378242 10937355 9272429 45144496 0 0 0 45144496 147253 158362 120318 158864 149336 734133 147253 158362 120318 158864 149336 734133 8310193 8551892 8498560 11096219 9421765 45878629 0.98400 0.98300 0.01600 0.01700 X 0 1 X 1153911 1153911 36079207 26417630 9661577 11693209 10182713 1510496 209538 209538 12535522 DUE TO THE LUTHERAN HOME, INC. 1203528 1203528 9904733 429629 429629 9475104 0 9475104 8991789 0 8991789 0 8991789 PART IV, LINE 2B: THE ACCOUNTS THAT THE HARWOOD PLACE IS A CUSTODIAN FOR ARE RESERVATION DEPOSITS, REFUNDABLE ENTRANCE FEES AND RESIDENT TRUST FUNDS. WHEN THE RESIDENT MOVES OUT, THE RESERVATION DEPOSIT AND REFUNDABLE ENTRANCE FEES ARE GIVEN BACK TO THEM. THE RESIDENT TRUST FUNDS ARE FOR RESIDENTS TO USE AS THEY WISH FOR PERSONAL EXPENSES. X X X 0 0 0 0 0 0 0 0 0 KATHY CAVERS PRESIDENT & CEO 0 229826 0 22500 0 0 0 7579 0 19130 0 279035 0 0 HENRIK CLAUSEN VP OF FINANCE & CFO 0 144180 0 0 0 0 0 4382 0 9481 0 158043 0 0 PART I, LINE 3 THE ORGANIZATION RELIES ON THE LUTHERAN HOME, INC., A RELATED 501(C)(3) ORGANIZATION, TO ESTABLISH THE COMPENSATION FOR ITS OFFICERS. THE LUTHERAN HOME, INC. BOARD OF DIRECTOR'S HUMAN RESOURCE COMMITTEE USES AN INDUSTRY SPECIFIC SALARY SURVEY AND OTHER CURRENT COMPENSATION DEEMED COMPARABLE AND NECESSARY TO ESTABLISH CURRENT COMPENSATION. A PUBLIC FINANCE AUTHORITY 273866124 2018-10-30 12500000 TO REFINANCE EXISTING BONDS 2002 SERIES AND 2012 SERIES 0 0 0 A 12500000 11367759 132241 2003 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 6 LUTHERAN LIVING SERVICES, INC., A WISCONSIN NONPROFIT CORPORATION RECOGNIZED AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS THE SOLE STOCKHOLDER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A FOR AS LONG AS LUTHERANLIVING SERVICES, INC. IS THE SOLE STOCKHOLDER OF THE CORPORATION, THE BOARD OF DIRECTORS SHALL BE COMPRISED OF THOSE INDIVIDUALS ON AN EX OFFICIO BASIS WHO SERVE FROM TIME TO TIME AS DIRECTORS OF LUTHERANLIVING SERVICES, INC. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS MAY BE ALTERED, AMENDED OR REPEALED AND NEW BY-LAWS MAY BE ADOPTED BY THE STOCKHOLDERS. THE BOARD OF DIRECTORS MAY ALSO ALTER, AMEND OR REPEAL THE BY-LAWS; BUT NO BY-LAW ADOPTED BY THE STOCKHOLDERS SHALL BE AMENDED OR REPEALED BY THE BOARD OF DIRECTORS IF THE BY-LAW SO ADOPTED SO PROVIDES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR ITS REVIEW AND APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. COPIES ARE MADE AVAILABLE TO ANY MEMBER OF THE BOARD UPON THEIR REQUEST. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR DURING THE FIRST BOARD MEETING OF THE YEAR, ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST FORM, WHICH IS TURNED INTO THE PRESIDENT/CEO OF THE COMPANY. BOARD MEMBERS ARE EXCUSED FROM VOTING ON MATTERS WHERE A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE OF THE HARWOOD PLACE, INC. RECOMMENDS THE CEO'S SALARY BASED ON INFORMATION FROM PAYSOURCE AND LEADINGAGE PROVIDED BY THE VICE PRESIDENT OF HUMAN RESOURCES, ALONG WITH SALARIES GATHERED FROM THE PUBLISHED FORM 990 OF THE CORPORATION'S TOP 10 COMPETITORS. THE BOARD'S EXECUTIVE COMMITTEE APPROVES THE SALARY RECOMMENDATION. OTHER OFFICERS AND THE ADMINISTRATIVE LEADERSHIP TEAM FOLLOW THAT SAME PROCESS BUT ONLY ADVISORY. CEO SETS THOSE SALARIES WITH BOARD COMMITTEE INPUT. THE FULL BOARD APPROVES THE ANNUAL BUDGET, WHICH INCLUDES ALL SALARY RECOMMENDATIONS. 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. THE LUTHERAN HOME INC 7500 W NORTH AVENUE WAUWATOSA WI 53213 390807205 NURSING HOME WI 501(C)(3) LINE 10 LUTHERANLIVING SERVICES INC 0 LUTHERANLIVING SERVICES INC 7500 W NORTH AVENUE WAUWATOSA WI 53213 391477207 STRATEGIC PLANNING & DEVELOPMENT WI 501(C)(3) LINE 10 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0