2011-04-25T20:10:25-05:00 2010-06-30 RSM MCGLADREY INC ONE SOUTH WACKER DRIVE SUITE 800 CHICAGO IL 606063392 990 2009-07-01 363368912 JFMC FACILITIES CORPORATION JFMC 3123466700 30 SOUTH WELLS No 4049 CHICAGO IL 60606 JAMES A PINKSTON 3123574790 2011-04-25 1 David Faje 3126343400 2009 2016-02-24 21:20:13Z REIS A KAYSER 30 SOUTH WELLS No 4049 CHICAGO IL 60606 19344019 0 X n/a X 1985 IL TO OWN, OPERATE AND ADMINISTER REAL ESTATE PROPERTIES AND RELATED ACTIVITIES FOR THE BENEFIT OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO AND ITS NETWORK OF AFFILIATED AND BENEFICIARY AGENCIES. 4 3 0 72 0 0 1843777 1979578 15047690 17045762 372709 54367 0 17264176 19079707 577196 329612 0 3736000 3969084 0 0 20894785 17158686 25207981 21457382 -7943805 -2377675 173954632 166883620 194512476 189745542 -20557844 -22861922 TO REDUCE OPERATING COSTS FOR JEWISH CHICAGO'S COMMUNAL AGENCIES BY LENDING EXPERTISE AND ACHIEVING ECONOMIES OF SCALE THAT ASSURE MORE RESOURCES ARE AVAILABLE FOR DIRECT SERVICE TO PEOPLE IN NEED. 0 0 19533659 329612 17045762 THE SOLE AND EXCLUSIVE PROGRAM OF FACCORP IS TO OWN, OPERATE AND MANAGE FACILITIES AND PROPERTIES FOR THE JEWISH FEDERATION OF METROPOLITAN CHICAGO AND ITS AFFILIATE AND BENEFICIARY AGENCIES. THOSE AFFILIATE AND BENEFICIARY AGENCIES OPERATE THE PROGRAMS THAT PROVIDE ASSISTANCE TO 300,000 CHICAGOANS OF ALL FAITHS WHO ARE IN NEED, INCLUDING: HOT MEALS AND GROCERIES, UTILITY AND RENT ASSISTANCE, PRESCRIPTIONS AND MEDICAL CARE; JOB TRAINING AND PLACEMENT; THERAPEUTIC SCHOOL AND SPECIALIZED CARE FOR CHILDREN WITH DISABILITIES; SUPPORT SERVICES FOR HOLOCAUST SURVIVORS; ASSISTED LIVING, SPECIALIZED ALZHEIMER'S CARE AND TRANSPORTATION FOR SENIORS; RESPITE SERVICES FOR CAREGIVERS OF FRAIL SENIORS AND PEOPLE WITH DISABILITIES; COUNSELING, PREVENTION AND INTERVENTION FOR TROUBLED TEENS; AND AN ENTIRE CONTINUUM OF PREVENTION AND THERAPEUTIC SERVICES FOR INDIVIDUALS AND FAMILIES IN CRISIS. 19533659 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 4 3 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X JAMES A PINKSTON 3123574790 30 SOUTH WELLS SUITE 4049 Chicago IL 60606 STEVEN B NASATIR 37.50 X X 45835 412517 124967 DAVID A SHERMAN 10.00 X X 0 0 0 MAX SCHRAYER II 10.00 X X 0 0 0 MICHAEL ZARANSKY 10.00 X X 0 0 0 MICHAEL B TARNOFF 37.50 X 49141 442257 127525 JAMES A PINKSTON 37.50 X 21446 150123 14154 PETER CHISWICK 37.50 X 7393 140476 43648 REIS KaYSER 37.50 X 173075 0 18075 RICHARD G KATZ 37.50 X 233939 0 73650 LOUIS LAZOVSKY 37.50 X 20119 181078 81949 JOSEPH SALCIK 37.50 X 19156 172404 36007 STEVEN ORI 37.50 X 121282 0 35396 JERRY DEANGELIS 37.50 X 105027 0 30791 JEFFREY C KING 37.50 X 0 213232 15000 796413 1712087 601162 4 1 1 0 SPECTRUM MARKETING INC 1349 GARRISON BLVD GASTONIA NC 28054 CCRC CONSULTANT 526625 EUREST DINING SERVICES PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE & MANAGEMENT 476744 SECURITAS SECURITY SVC USA INC 12672 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SECURITY 468688 PERKINS EASTMAN ARCHITECTS PC 115 FIFTH AVENUE NEW YORK NY 10003 CCRC ARCHITECT 412910 WW GRAINGER INC 100 GRAINGER PKWY LAKE FOREST IL 60045 INDUSTRIAL SUPPLIES 260447 11 1835863 143715 1979578 RENTAL INCOME 532000 14251989 14251989 MANAGEMENT SERVICE 531390 1514026 1514026 CENTRAL PURCHASING 900099 1093687 1093687 OTHER INCOME 900099 186060 186060 17045762 50611 50611 268068 264312 3756 3756 3756 19079707 17045762 0 54367 329612 329612 796412 507545 288867 2335517 1488400 847117 502293 315164 187129 334862 210109 124753 654250 654250 71996 57044 14952 197323 170194 27129 10764 10764 250615 188575 62040 33257 17508 15749 3774775 3640188 134587 167637 118958 48679 7519 103 7416 4589473 4589192 281 4864421 4816260 48161 MAINTenance & REPAIRs 1404911 1383431 21480 SECURITY 617885 597335 20550 CONFCTR MEALS/SUPPLIES 393332 393332 MISCELLANOUS 120528 45695 74833 21457382 19533659 1923723 0 1225181 471495 2043897 2083656 2656100 2194118 13834772 31738087 155161972 31896911 127502948 123265061 3317229 3865465 23374505 3265738 173954632 166883620 3486410 1851656 883392 793899 151295000 146950000 7064600 7238683 31783074 32911304 194512476 189745542 X -20557844 -22861922 -20557844 -22861922 173954632 166883620 X 0 1 1 X 0 X X X 0 0 0 JEWISH FEDERATION OF METROPOLITAN CHICAGO 362167761 7 1 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 707200 77352 66364 718188 924697 -148369 69128 707200 1.00000 0 0 9508548 9508548 101252544 25165124 76087420 37643003 2320389 35322614 292238 291954 284 6465639 4119444 2346195 123265061 DUE TO JEWISH FEDERATION 29299415 DEFERRED MAINTENANCE 3415186 DUE TO JEWISH UNITED FUND 196703 32911304 19079707 21457382 -2377675 73597 73597 -2304078 19153304 73597 73597 19079707 0 19079707 21457382 0 21457382 0 21457382 Part V, Line 4: Description of Intended Use of Endowment Funds: The endowment fund has been designated by the Board of Directors for the benefit of Council for Jewish Elderly (CJE), an affiliated agency of the Jewish Federation of Metropolitan Chicago. Distributions are made from this endowment fund on an annual basis to CJE and are computed using a formal spending policy that has been approved by the Board. Part X: Description of Uncertain Tax Positions Under FIN 48: On June 30, 2008, Facilities adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, Facilities may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of Facilities, the continued tax-exempt status of bonds issued by Facilities, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2010 and 2009, management has determined that there are no uncertain tax positions. 1 JEWISH COMMUNITY CENTER 30 S WELLS SUITE 4000 CHICAGO IL 60606 362167758 501(C)(3) 263248 TO SUBSIDIZE RENT EXPENSE AT WEINGER CENTER. COUNCIL FOR JEWISH ELDERLY 3003 WEST TOUHY AVENUE CHICAGO IL 60645 362725797 501(C)(3) 66364 ENDOWMENT DISTRIBUTION TO SUBSIDIZE RENT EXPENSE. 2 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Grants made by JFMC Facilities Corporation (FacCorp) are monitored through an extensive process involving professionals and volunteers that includes submission of budgetary and programmatic information as well as face to face meetings with grant recipients. THE GRANTS ARE ALSO SUPPORTED BY LEGAL AGREEMENTS BETWEEN FACCORP AND THE RECIPIENT. X X X 0 1 0 0 0 0 0 0 0 STEVEN B NASATIR 40816 367349 0 0 5019 45168 11088 99788 1485 13363 58408 525668 0 0 MICHAEL B TARNOFF 33081 297719 0 0 16060 144538 11343 102091 1485 13363 61969 557711 0 0 JAMES A PINKSTON 21446 150123 0 0 0 0 51 344 1865 12483 23362 162950 0 0 PETER CHISWICK 7376 140138 0 0 17 338 1794 34084 413 7852 9600 182412 0 0 REIS KaYSER 173075 0 0 0 0 0 5717 0 12894 0 191686 0 0 0 RICHARD G KATZ 226662 0 0 0 7277 0 65724 0 8630 0 308293 0 0 0 LOUIS LAZOVSKY 20070 180633 0 0 49 445 6933 62392 1327 11941 28379 255411 0 0 JOSEPH SALCIK 19144 172297 0 0 12 107 2824 25413 839 7548 22819 205365 0 0 STEVEN ORI 121282 0 0 0 0 0 22772 0 13058 0 157112 0 0 0 JEFFREY C KING 0 213232 0 0 0 0 0 0 0 15000 0 228232 0 0 Part I, Line 4a Michael Tarnoff: The Jewish Federation has entered into an agreement with Michael Tarnoff which provides for annual payments of $30,000 per year beginning in 2009 and lasting for ten years. During 2009, Michael Tarnoff became fully vested in this deferred compensation arrangement, and as a result, $98,000 has been included on the Form 990 and Mr. Tarnoff's Form W-2 as reportable compensation. This $98,000 was not paid to Mr. Tarnoff in 2009, but it instead represents the present value of the future stream of payments due under the agreement ($30,000 per year for 10 years.) Per IRS guidelines, the present value of the annuity is taxable the year in which vesting occurs. On a cash basis, Mr. Tarnoff received $17,500 from this arrangement in 2009 (7 months of payments). In addition, the Jewish Federation has agreed to provide Michael Tarnoff with a SPLIT DOLLAR $800,000 insured death benefit. The insurance is designed so that upon Michael Tarnoff's death, the Federation will receive a benefit equal to all of the premiums paid. The life insurance benefit is provided tax free to Michael Tarnoff so there is an additional cash payment to Michael Tarnoff each year to cover the taxes on the PS58 costs as well as the taxes grossed up. STEVEN B. NASATIR: IN 1999 THE JEWISH FEDERATION ENTERED INTO AN AGREEMENT WITH STEVEN NASATIR THAT WAS CONTINGENT UPON 5 MORE YEARS OF SERVICE AS PRESIDENT AND CEO AND WOULD RESULT IN ANNUAL PAYMENTS OF $50,000 PER YEAR (NET OF TAX) BEGINNING AT AGE 64 AND LASTING THROUGHOUT HIS LIFETIME. Dr. Nasatir began receiving payments under this agreement in 2009. The $50,000 per year amount is to be adjusted annually in accordance with the CPI index. THIS BENEFIT IS PAYABLE TO HIM ONLY FOR AS LONG AS HE LIVES. THERE IS NO GUARANTEED PAYMENT AMOUNT AND NO SURVIVOR BENEFIT AT HIS DEATH. In addition, the Jewish Federation has agreed to provide Steven Nasatir with a SPLIT DOLLAR $1,000,000 insured death benefit. The insurance is designed so that upon Steven Nasatir's death, the Federation will receive a benefit equal to all of the premiums paid. The life insurance benefit is provided tax free to Steven Nasatir so there is an additional cash payment to Steven Nasatir each year to cover the taxes on the PS58 costs as well as the taxes grossed up. Jeffrey C. King: During 2008 the Jewish United Fund entered into an agreement with Jeffrey C. King which provides for annual payments of $30,000 per year beginning in 2013 and lasting for 20 years. During 2008 the Jewish United Fund entered into an agreement with Jeffrey C. King which provides for annual payments of $15,000 per beginning in 2009 and lasting for five years; such payments may be used to defray the cost of health insurance. cecfa - series a1 840896727 196458th6 2003-07-23 45170000 REFINANCE DEBT AND RENOVATE OFFICE SPACE 0 0 Cecfa - series A8 840896727 196458J79 2005-07-13 35250000 ACQUIRE AND CONSTRUCT CORPORATE OFFICES 0 0 CECFA - SERIES A9 840896727 196458Y64 2006-09-14 13070000 TO FINANCE VARIOUS PROJECTS 0 0 Cecfa - series A10 840896727 19645RBB6 2007-07-26 20970000 ACQuire and construct DAY CAMP 0 0 CECFA - SERIES F1 840896727 19645RGF2 2008-08-13 16310000 REFUND PRIOR BOND ISSUES 0 0 47571239 42363520 453420 4754300 2003 1 0 1 1 36128117 386444 35741672 2005 0 0 1 1 13673999 177681 13496318 2006 0 0 1 1 21526422 259386 925000 20342036 2007 0 0 1 1 16334397 16060291 249709 24397 2008 1 0 1 1 CECFA - SERIES C7 840896727 19645RHU8 2009-02-12 30000000 ACQUISITION OF LAND AND PRECONSTRUCTION DEVELOPMENT OF CCRC 0 0 30093007 2778990 383237 26930780 2010 0 0 0 1 Form 990, Part VI, Section A, line 2 STEVEN NASATIR, OFFICER, AND MICHAEL TARNOFF, OFFICER, HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Section A, line 6 Jewish Federation of Metropolitan Chicago is the sole member of JFMC Facilities Corporation. Form 990, Part VI, Section B, line 11 A copy of the Form 990 was provided to all Board members prior to filing. Each Board member reviewed the Form 990 and had the opportunity to suggest revisions. Form 990, Part VI, Section B, line 12c A conflict of interest questionnaire is circulated to all board members (directors) and key employees on an annual basis. This process is managed by the Executive Director who ensures all questionnaires are completed. The completed questionnaires are reviewed by management and any conflicts are disclosed to the board of directors. If a director does have a conflict or business relationship with JFMC Facilities Corporation, he or she is required to abstain from any votes related to that matter. Form 990, Part VI, Section B, line 15 COMPENSATION OF JFMC FACILITIES CORPORATION EXECUTIVES IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF JEWISH FEDERATION OF METROPOLITAN CHICAGO (FEDERATION). FEDERATION'S COMPENSATION COMMITTEE IS COMPRISED OF VARIOUS FEDERATION BOARD MEMBERS, INCLUDING TWO INDIVIDUALS WHO ALSO SERVE ON JFMC FACILITIES CORPORATION'S BOARD OF DIRECTORS, AND OUTSIDE LEGAL COUNSEL. THE COMPENSATION COMMITTEE USES COMPARABLE DATA FROM OTHER LARGE NONPROFIT ORGANIZATIONS TO ENSURE EXECUTIVE COMPENSATION IS CONSISTENT WITH THE MARKET, INCLUDING BUT NOT LIMITED TO AN ANNUAL TOTAL COMPENSATION SURVEY OF LARGE CITY JEWISH FEDERATIONS THAT IS COORDINATED THROUGH THE NATIONAL UNITED JEWISH COMMUNITIES ORGANIZATION AND CONDUCTED EACH YEAR BY THE HAY GROUP, A NATIONALLY RECOGNIZED EXPERT IN THE FIELD OF COMPENSATION CONSULTING. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy and audited financial statements are made available to all volunteer members of the Board of Directors. With regards to the general public, the organization provides these documents upon request. JEWISH FEDERATION OF METROPOLITAN CHICAGO 30 S WELLS SUITE 4049 CHICAGO IL 60606 362167761 SOCIAL WELFARE IL 501(C)(3) 7 N/A JEWISH UNITED FUND OF METROPOLITAN CHICAGO 30 S WELLS SUITE 4049 CHICAGO IL 60606 362167034 FUNDRAISING IL 501(C)(3) 7 N/A 255 REVERE DRIVE LP 30 S WELLS SUITE 4049 CHICAGO IL 60606 363174413 REAL ESTATE IL N/A RELATED 38108 316232 0 1 0 0 1 0 1 0 0 0 0 1 0 0 0 1 1 1 0 0 255 REVERE DRIVE LP J 126932