2024-06-12T12:59:48-05:00 2023-07-31 470625816 LUTZ AND COMPANY PC 13616 CALIFORNIA ST STE 300 OMAHA NE 681545336 990 2022-08-01 453071154 THE LODGE OF NORTHBROOK INC C/O TRANSFORMING AGE LODG 4024310500 11606 NICHOLAS STREET 100 OMAHA NE 68154 CHARLES BELL PRESIDENT 4024310050 2024-06-12 1 CHARLES BELL 999009999 0 HANNAH GOSCHA P02133534 4024968800 2024-06-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X CHARLES BELL 800 WAUKEGAN RD STE 205 GLENVIEW IL 60025 11476933 0 X WWW.LODGEOFNORTHBROOK.COM X 2012 IL TO ESTABLISH AND OPERATE A RETIREMENT CENTER TO MEET THE HOUSING, HEALTH CARE, AND FINANCIAL NEEDS OF THE AGED POPULATION IN THE NORTHBROOK, IL GEOGRAPHIC AREA. 7 4 0 22 0 0 0 0 7536835 6930617 10212 218352 0 0 7547047 7148969 0 0 0 0 0 145784 0 0 0 7801158 8140761 7801158 8286545 -254111 -1137576 63030538 57147912 64329705 68734733 -1299167 -11586821 TO ESTABLISH AND OPERATE A RETIREMENT CENTER TO MEET THE HOUSING, HEALTH CARE, AND FINANCIAL NEEDS OF THE AGED POPULATION IN THE NORTHBROOK, IL GEOGRAPHIC AREA. 0 0 7910344 6930617 TO ESTABLISH AND OPERATE A RETIREMENT CENTER TO MEET THE HOUSING, HEALTH CARE, AND FINANCIAL NEEDS OF THE AGED POPULATION IN THE NORTHBROOK, IL GEOGRAPHIC AREA. 7910344 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 33 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 1 0 0 1 1 1 1 0 1 0 1 1 1 1 0 0 0 0 0 X TRANSFORMING AGE 4024310500 11606 NICHOLAS STREET 100 OMAHA NE 68154 CHARLES BELL PRESIDENT 1.00 X X 0 0 0 PHYLLIS BUONOPANE DIRECTOR 1.00 X 0 0 0 ALLEN WEINER VICE PRESIDENT 1.00 X X 0 0 0 PAUL MGLICK SECRETARY 1.00 X X 0 0 0 ED HORWITZ TREASURER 1.00 X X 0 0 0 BARRY MENDEL DIRECTOR 1.00 X 0 0 0 ROLAND CATENACCI DIRECTOR 1.00 X 0 0 0 DAVID RANDLE EXECUTIVE DIRECTOR 40.00 X 123488 0 0 TORSTEN HIRCHE MANAGEMENT CO PRESIDENT/CEO 0.00 X 0 0 0 123488 0 0 1 0 0 1 GERONTOLOGICAL SERVICES LLS 11606 MIRACLE HILLS DR 100 OMAHA NE 68154 MGMT FEE/LEASED EMPLOYEES 1290120 ESSEX CORPORATION 11606 MIRACLE HILLS DR 100 OMAHA NE 68154 MGMT FEE/LEASED EMPLOYEES 645918 2 ELDERLY HOUSING INCOME 531110 6930617 6930617 6930617 164757 164757 4381559 4327964 53595 53595 53595 7148969 6930617 0 218352 145784 145784 335037 335037 14133 14133 14390 14390 12641 12641 140059 140059 68729 68729 2502188 2502188 1039973 1039973 1428232 1428232 264820 264820 LEASED EMPLOYEE EXPENSE 1629986 1629986 LAND LEASE EXPENSE 379769 379769 MEALS EXPENSE 188277 188277 MISCELLANEOUS EXPENSE 101136 101136 21391 21391 8286545 7910344 376201 0 998689 886923 6021056 6183096 117165 711699 202866 195337 54258526 10695783 46440684 43562743 9150078 0 100000 5608114 63030538 57147912 1007990 2130905 29377728 28522843 33943987 38080985 64329705 68734733 X -1299167 -11586821 -1299167 -11586821 63030538 57147912 -1137576 -9150078 0 X X 0 1 X 1 0 X 210203 210203 5890037 7071783 7296223 7536835 6930617 34725495 5890037 7071783 7506426 7536835 6930617 34935698 138553 135988 125940 110388 101154 612023 3963 48633 67380 119976 142516 184621 193320 110388 101154 731999 34203699 77218 74832 14386 10212 164757 341405 77218 74832 14386 10212 164757 341405 5967255 7146615 7520812 7547047 7095374 35277103 0.96960 0.96350 0.00970 0.00610 X 49825345 9286007 40539338 3706296 730144 2976152 726885 679632 47253 43562743 OPERATING ROU ASSET 5508114 WAGE SETTLEMENT 100000 5608114 DEFERRED RESIDENT ENTRANCE FEE 31684891 ACCRUED PROPERTY TAXES 910984 RESERVATION DEPOSITS 10600 OPERATING LEASE LIABILITY 5474510 38080985 X 8222016 0 8222016 -1073047 -1073047 7148969 9359592 0 9359592 -1073047 -1073047 8286545 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAXEXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DOES NOT PAY TAXES UNLESS THE ORGANIZATION BECOMES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT); THEREFORE, NO INCOME TAX PROVISION OR LIABILITY IS REFLECTED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB CODIFICATION TOPIC 74010 RELATED TO UNCERTAIN INCOME TAX POSITIONS. AS A RESULT OF THE ORGANIZATION BEING A NONPROFIT CORPORATION, MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN INCOME TAX POSITIONS TAKEN WHICH WOULD REQUIRE THE ORGANIZATION TO REFLECT A LIABILITY FOR UNRECOGNIZED TAX BENEFITS ON THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE JULY 31, 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON IMPAIRED ASSETS -1,073,047. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON IMPAIRED ASSETS -1,073,047. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, SECTION A, LINE 5 DAVID RANDLE WAS A LEASED EMPLOYEE OF GSI AND RECEIVED COMPENSATION FROM THE LODGE OF NORTHBROOK IN THE AMOUNT OF $123,488 FOR THE CALENDAR YEAR AND $145,784 FOR THE 7.31.2023 FISCAL YEAR. TORSTEN HIRCHE IS THE PRESIDENT/CEO OF TRANSFORMING AGE/GSI WHICH WAS THE ACTING PROPERTY MANAGER OF THE LODGE OF NORTHBROOK DURING THE 7.31.2023 FISCAL YEAR. A ILLINOIS FINANCE AUTHORITY 861091967 2013-12-30 15500000 FINANCE CONSTRUCTION 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 2017-04-01 20160000 FINANCE CONSTRUCTION 0 0 0 A 4273120 15500000 15500000 2015 0 0 1 1 B 1808249 20160000 20160000 2019 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 1 0 1 0 0 0 0 B 0 1 1 0 1 0 0 0 0 A 0 B 0 PHYLLIS BUONOPANE RESIDENT/DIRECTOR 37905 MEMBERSHIP FEES 0 RONALD CATENACCI RESIDENT/DIRECTOR 48500 MEMBERSHIP FEES 0 ALLEN WEINER RESIDENT/DIRECTOR 14749 MEMBERSHIP FEES 0 FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - ESSEX CORPORATION AND GERONTOLOGICAL SERVICES, LLC IS APPROVED BY THE BOARD OF DIRECTORS TO OVERSEE THE DAY TO DAY OPERATIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS ORGANIZED WITH MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION MEMBERS HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 7B EXCEPT FOR ELECTING THE BOARD OF DIRECTORS ALL GOVERNANCE DECISIONS ARE MADE BY GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOESN'T HAVE COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 12C THE TERMS OF THE CONFLICT OF INTEREST POLICY REQUIRE DISCLOSURE OF ANY POTENTIAL CONFLICTS AND ANY AFFECTED BOARD MEMBER MUST RECUSE THEMSELVES FROM VOTING ON DECISIONS WHERE CONFLICT IS DEEMED TO EXIST. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE FACILITY AND AT THE OFFICES OF THE MANAGING AGENT AND CAN BE REVIEWED BY INTERESTED PARTIES UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 8: THE 2022 FINANCIAL STATEMENTS HAVE BEEN RESTATED TO CORRECT AN ERROR. THE ORGANIZATION HISTORICALLY CAPITALIZED MARKETING COSTS INCURRED TO OBTAIN INITIAL CONTRACTS OF THE FACILITY. UNDER NEW ACCOUNTING GUIDANCE IN ASU 201409, ONLY INCREMENTAL COSTS OF OBTAINING A CONTRACT WITH A CUSTOMER CAN BE CAPITALIZED. THE ORGANIZATION'S CAPITALIZED MARKETING COSTS DO NOT MEET THE CRITERIA FOR CAPITALIZATION UNDER ASU 201409 AND SHOULD HAVE BEEN REFLECTED AS A CUMULATIVEEFFECT ADJUSTMENT TO BEGINNING NET ASSETS IN THE YEAR OF ADOPTION OF ASU 201409 IN 2020. THE 2022 FINANCIAL STATEMENTS HAVE BEEN RESTATED TO REFLECT THE REMOVAL OF THE DEFERRED MARKETING COSTS ASSET AND THE RELATED REDUCTION OF AMORTIZATION EXPENSES AND BEGINNING NET ASSETS. ESSEX CORPORATION 11606 NICHOLAS ST 100 OMAHA NE 68154 570580575 MANAGING AGENT NE S 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 ESSEX CORPORATION M 118935 CASH PAID ESSEX CORPORATION O 510040 CASH PAID ESSEX CORPORATION P 16943 CASH PAID