2014-05-14T13:00:44-05:00 2012-11-19 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2012-07-01 510436466 FRANCISCAN COMMUNITIES ST MARY OF THE WOODS INC FRAN 7086476500 1055 W 175TH STREET HOMEWOOD IL 60430 RICHARD D TRUESDALE 2014-05-14 true Nicole Bencik P00756195 3128997000 2012 2016-03-07 17:11:31Z X JUDY AMIANO 1055 W 175TH STREET STE 202 HOMEWOOD IL 60430 0 false X NA X 2002 IL ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO X 5 5 130 0 0 0 0 0 6972847 0 710538 0 16865 0 7700250 0 0 0 0 0 2617943 0 0 0 0 7771798 687173 10389741 687173 -2689491 -687173 1012788 0 0 0 1012788 0 X FRANCISCAN COMMUNITIES ST. MARY OF THE WOODS ("ST. MARY OF THE WOODS") FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWAS ON NOVERMBER 21, 2011. ON NOVEMBER 19, 2012, ST. MARY OF THE WOODS FILED ARTICLES OF DISSOLUTION. ON NOVEMBER 21, 2012 ST. MARY OF THE WOODS RECEIVED A FINAL DISMISSAL ORDER OF THE CHAPTER 11 CASE. false false 0 0 FRANCISCAN COMMUNITIES ST. MARY OF THE WOODS ("ST. MARY OF THE WOODS") FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 21, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, ST. MARY OF THE WOODS EXECUTED THE SALE OF CERTAIN ASSETS AND LIABILITIES. THE EFFECTIVE DATE OF THE SALE WAS MAY 22, 2012. ST. MARY OF THE WOODS CONTINUED TO PROVIDE PROGRAM SERVICES THROUGH THE EFFECTIVE DATE OF THE SALE. THERE ARE NO PROGRAM REVENUES OR EXPENSES REPORTED DURING THE PERIOD OF THIS TAX RETURN. ST. MARY OF THE WOODS FILED ARTICLES OF DISSOLUTION ON NOVEMBER 19, 2012. 0 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false true 16 0 true 130 true false false false false false false false false false false X 5 5 true false false false false false false true true false false false true true true true true false false false OH X RICHARD D TRUESDALE 7086476500 1055 W 175TH STREET STE 202 HOMEWOOD IL 60430 X JUDY AMIANO 1.00 0 X X 0 0 0 SISTER M FRANCINE LABUS OFS 0.10 0 X X 0 0 0 SISTER M FRANCIS CLARE RADKE OFS 0.10 0 X X 0 0 0 E DEWAYNE MCMULLIN 1.00 0 X 0 0 0 SCOTT BEDNAS 0.50 0 X 0 0 0 DENISE BOUDREAU 1.00 0 X 0 0 0 RONALD TINSLEY 1.00 0 X 0 0 0 TRACY SHEARER 1.00 0 X 0 0 0 0 0 0 0 false false false JONES DAY 77 WEST WACKER DRIVE CHICAGO IL 606011692 LEGAL 1345401 DELOITTE FINANCIAL ADVISORY SERVICES LLP 4022 SELLS DRIVE HERMITAGE TN 37076 FINANCIAL ADVISORS 391696 MCDONALD HOPKINS LLC 600 SUPERIOR AVENUE EAST SUITE 2100 CLEVELAND OH 44114 LEGAL 175304 ALLIANCE REHAB INC 1520 KENSINGTON ROAD SUITE 110 OAKBROOK IL 60523 THERAPY 142732 UNGARETTI & HARRIS LLP 70 W MADISON ST STE 3500 CHICAGO IL 60602 LEGAL 123897 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 422283 422283 0 0 0 0 264195 0 264195 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE FEES 695 695 0 0 0 0 687173 0 687173 0 0 1012707 0 0 0 0 0 0 81 0 0 0 0 0 1012788 0 0 0 0 0 0 X 1012788 0 1012788 0 1012788 0 X -687173 -325615 X false false false X 325415 726140 105 1051660 7581335 7323391 7852691 6972847 29730264 47309 42166 39581 14933 0 143989 0 0 7954059 8091697 7892377 6987780 0 30925913 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30925913 130314 88714 52023 7940 278991 0 130314 88714 52023 7940 0 278991 0 0 0 0 0 0 8084373 8180411 7944400 6995720 0 31204904 0.99100 0.98740 0.00890 0.01250 X 0 0 0 0 0 0 0 0 CASH AND INVESTMENTS 2012-11-21 325615 FMV SEE PART III false false false false true true true true false CASH & INVESTMENTS SCHEDULE N, PART I, LINE 1, COLUMN (C) FRANCISCAN COMMUNITIES ST. MARY OF THE WOODS ("ST. MARY OF THE WOODS") FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 21, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, ST. MARY OF THE WOODS EXECUTED THE SALE OF CERTAIN ASSETS AND LIABILITIES. THE PROCEEDS OF THE SALE WERE SUBJECT TO THE RULINGS OF THE BANKRUPTCY. THE ASSETS SOLD CONSISTED PRIMARILY OF PROPERTY, PLANT, EQUIPMENT, ACCOUNTS RECEIVABLE, AND OTHER CURRENT ASSETS. THE BUYER ASSUMED RESIDENCY AGREEMENT OBLIGATIONS AND CERTAIN EMPLOYEE BENEFIT OBLIGATIONS. EXCLUDED FROM THE SALE WERE CASH, CERTAIN ACCOUNTS PAYABLE, ACCRUED EXPENSES, AND TOLEDO LUCAS COUNTY PORT AUTHORITY REVENUE BOND OBLIGATIONS ("REVENUE BOND OBLIGATIONS"). THE OBLIGATIONS UNDER THE NONRECOURSE DEBT OF ST. MARY OF THE WOODS WERE THE SOLE OBLIGATION OF ST. MARY OF THE WOODS. NEITHER THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("SERVICE CORPORATION"), THE SOLE CORPORATE MEMBER, NOR ANY OF ITS AFFILIATES WERE OBLIGATED UNDER ST. MARY OF THE WOOD'S DEBT. UPON FILING FOR BANKRUPTCY, THE SERVICE CORPORATION DECONSOLIDATED ST. MARY OF THE WOODS. THE ASSET PURCHASE AGREEMENT WAS DATED MARCH 7, 2012 AND THE TRANSACTION CLOSED ON MAY 22, 2012. ON NOVEMBER 21, 2012 ("THE DISMISSAL DATE"), ST. MARY OF THE WOODS RECEIVED A FINAL DISMISSAL ORDER OF THE CHAPTER 11 CASE, GRANTING CERTAIN RELIEF BY THE BANKRUPTCY COURT. THE FINAL DISMISSAL ORDER STRIPPED ANY OBLIGATION OF ST. MARY OF THE WOODS FOR THE REMAINING LIABILITIES ON THE BALANCE SHEET AS OF THE DISMISSAL DATE INCLUDING THE REVENUE BOND OBLIGATIONS. AS OF THE DISMISSAL DATE, THE BALANCE SHEET REPORTED CASH AND INVESTMENTS OF $325,615, WHICH WERE UNDER THE CONTROL OF THE BANKRUPTCY COURT. AS SUCH, AS OF THE DISMISSAL DATE, THERE WERE NO ASSETS OR LIABILITIES TO BE REPORTED FOR ST. MARY OF THE WOODS. ON NOVEMBER 19, 2012, ST. MARY OF THE WOODS FILED ARTICLES OF DISSOLUTION. NAME AND ADDRESS OF RECIPIENT SCHEDULE N, PART I, LINE 1, COLUMN (F) CASH AND INVESTMENT BALANCES ON BALANCE SHEET AS OF REPORTING DATE ARE NOW UNDER CONTROL OF THE BANKRUPTCY COURT. SIGNIFICANT CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 FRANCISCAN COMMUNITIES ST. MARY OF THE WOODS ("ST. MARY OF THE WOODS") FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 21, 2011. WHILE UNDER THE CONTROL OF THE BANKRUPTCY COURT, ST. MARY OF THE WOODS EXECUTED THE SALE OF CERTAIN ASSETS AND LIABILITIES. THE PROCEEDS OF THE SALE WERE SUBJECT TO THE RULINGS OF THE BANKRUPTCY. THE ASSETS SOLD CONSISTED PRIMARILY OF PROPERTY, PLANT, EQUIPMENT, ACCOUNTS RECEIVABLE, AND OTHER CURRENT ASSETS. THE BUYER ASSUMED RESIDENCY AGREEMENT OBLIGATIONS AND CERTAIN EMPLOYEE BENEFIT OBLIGATIONS. EXCLUDED FROM THE SALE WERE CASH, CERTAIN ACCOUNTS PAYABLE, ACCRUED EXPENSES, AND TOLEDO LUCAS COUNTY PORT AUTHORITY REVENUE BOND OBLIGATIONS ("REVENUE BOND OBLIGATIONS"). THE OBLIGATIONS UNDER THE NONRECOURSE DEBT OF ST. MARY OF THE WOODS WERE THE SOLE OBLIGATION OF ST. MARY OF THE WOODS. NEITHER THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("SERVICE CORPORATION"), THE SOLE CORPORATE MEMBER, NOR ANY OF ITS AFFILIATES WERE OBLIGATED UNDER ST. MARY OF THE WOOD'S DEBT. UPON FILING FOR BANKRUPTCY, THE SERVICE CORPORATION DECONSOLIDATED ST. MARY OF THE WOODS. THE ASSET PURCHASE AGREEMENT WAS DATED MARCH 7, 2012 AND THE TRANSACTION CLOSED ON MAY 22, 2012. ON NOVEMBER 21, 2012 ("THE DISMISSAL DATE"), ST. MARY OF THE WOODS RECEIVED A FINAL DISMISSAL ORDER OF THE CHAPTER 11 CASE, GRANTING CERTAIN RELIEF BY THE BANKRUPTCY COURT. THE FINAL DISMISSAL ORDER STRIPPED ANY OBLIGATION OF ST. MARY OF THE WOODS FOR THE REMAINING LIABILITIES ON THE BALANCE SHEET AS OF THE DISMISSAL DATE INCLUDING THE REVENUE BOND OBLIGATIONS. AS OF THE DISMISSAL DATE, THE BALANCE SHEET REPORTED CASH AND INVESTMENTS OF $325,615, WHICH WERE UNDER THE CONTROL OF THE BANKRUPTCY COURT. AS SUCH, AS OF THE DISMISSAL DATE, THERE WERE NO ASSETS OR LIABILITIES TO BE REPORTED FOR ST. MARY OF THE WOODS. ON NOVEMBER 19, 2012, ST. MARY OF THE WOODS FILED ARTICLES OF DISSOLUTION. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 JUDY AMIANO AND RONALD TINSLEY - BUSINESS RELATIONSHIP Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b FRANCISCAN COMMUNITIES ST MARY OF THE WOODS, INC. FILED ARTICLES OF DISSOLUTION WITH THE ILLINIOIS SECRETARY OF STATE ON NOVEMBER, 19, 2012. ON NOVEMBER 19, 2012, ST. MARY OF THE WOODS FILED ARTICLES OF DISSOLUTION, DISSOLVING ANY GOVERNING BODY TO WHOM WE WOULD PRESENT THE FORM 990. Conflict of interest policy Form 990, Part VI, Section B, Line 12c AS PROVIDED FOR IN THE CONFLICT OF INTEREST POLICY, IT IS THE RESPONSIBILITY OF THE BOARD OR COMMITTEE CHAIR TO ENSURE THAT EACH DIRECTOR, OFFICER, AND MEMBER OF A BOARD COMMITTEE ANNUALLY SIGNS AN FSCSC APPROVED CONFLICT OF INTEREST DISCLOSURE STATEMENT. COPIES OF ALL SIGNED STATEMENTS ARE FORWARDED TO THE CORPORATE DIRECTOR OF COMPLIANCE AND STANDARDS. KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT IS REVIEWED BY THEIR DIRECT SUPERVISOR. POTENTIAL CONFLICTS OF INTEREST OF BOARD MEMBERS ARE BROUGHT TO THE ATTENTION OF THE BOARD CHAIR. AFTER DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE A DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. PROPOSED TRANSACTIONS WITH INTERESTED PERSONS OF THE BOARD OF DIRECTORS OR COMMITTEES REQUIRES THE APPROVAL OF THE BOARD PRIOR TO ENTERING INTO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON SHALL NOT BE PRESENT DURING THE PRESENTATION OR THE VOTE ON THE PROPOSED TRANSACTION OR ARRANGEMENT. KEY EMPLOYEES, OFFICERS AND HIGHEST COMPENSATED EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT IS REVIEWED BY THEIR DIRECT SUPERVISOR. THE SUPERVISOR WILL WORK WITH THE COMPLIANCE OFFICER AND POSSIBLY HUMAN RESOURCES IN TAKING APPROPRIATE STEPS TO ADDRESS THE POTENTIAL. EXECUTIVE COMPENSATION FORM 990, PART VI, LINE 15A THE ORGANIZATION DID NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES DURING THE CALENDAR YEAR ENDING WITH OR WITHIN THE ORGANIZATION'S SHORT TAX YEAR BEGINNING JULY 1, 2012 AND ENDING NOVEMBER 19, 2012. ST. MARY OF THE WOODS FILED ARTICLES OF DISSOLUTION ON NOVEMBER 19, 2012. THEREFORE THESE QUESTIONS ARE NOT APPLICABLE, BUT HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. OTHER OFFICERS OR KEY EMPLOYEES COMPENSATION FORM 990, PART VI, LINE 15B THE ORGANIZATION DID NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES DURING THE CALENDAR YEAR ENDING WITH OR WITHIN THE ORGANIZATION'S SHORT TAX YEAR BEGINNING JULY 1, 2012 AND ENDING NOVEMBER 19, 2012. ST. MARY OF THE WOODS FILED ARTICLES OF DISSOLUTION ON NOVEMBER 19, 2012. THEREFORE THESE QUESTIONS ARE NOT APPLICABLE, BUT HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. Governing documents, conflict of interest policy and financial statements available to the public 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 IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATIONS. Other Expenses Form 990, Part IX, Line 11g PROFESSIONAL CONSULTING FEES - TOTAL EXPENSE: 264195, PROGRAM SERVICE EXPENSE: , MANAGEMENT AND GENERAL EXPENSES: 264195, FUNDRAISING EXPENSES: ; Other changes in net assets or fund balances Form 990 , Part XI, Line 9 TRANSFER OF NET ASSETS BALANCE AS OF DISSOLUTION DATE. NET ASSETS UNDER CONTROL OF BANKRUPTCY COURT AS OF DATE OF FINAL DISMISSAL ORDER, NOVEMBER 21, 2012. - -325615; FINANCIAL STATEMENT AND REPORTING FORM 990, PART XII, LINE 2A FRANCISCAN COMMUNITIES ST. MARY OF THE WOODS ("ST. MARY OF THE WOODS") FILED FOR RELIEF UNDER CHAPTER 11 OF THE FEDERAL BANKRUPTCY LAWS ON NOVEMBER 21, 2011. WHILE UNDER CONTROL OF THE BANKRUPTCY COURT, ST. MARY OF THE WOODS WAS NOT REQUIRED TO FILE AUDITED FINANCIAL STATEMENTS. UPON FILING FOR BANKRUPTCY, THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("SERVICE CORPORATION") DECONSOLIDATED ST. MARY OF THE WOODS. THEREFORE, ST. MARY OF THE WOODS WAS NO LONGER INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE SERVICE CORPORATION. FRANCISCAN COMMUNITIES ST. MARY OF THE WOODS FILED ARTICLES OF DISSOLUTION ON NOVEMBER 19, 2012.