2024-02-13T13:55:29-06:00 2023-07-31 470625816 LUTZ AND COMPANY PC 13616 CALIFORNIA ST STE 300 OMAHA NE 681545336 990 2022-08-01 680563752 KANE COUNTY SENIOR LIVING DBA THE RESERVE OF GENEVA KANE 6123339000 2508 KANEVILLE ROAD 100 GENEVA IL 60134 RICHARD LANDER PRESIDENT 6123339000 2024-02-08 1 RICHARD LANDER 999009999 0 HANNAH GOSCHA P02133534 4024968800 2024-02-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD LANDER 2508 KANEVILLE ROAD 100 GENEVA IL 60134 1843996 0 X WWW.RESERVEOFGENEVA.COM X 2003 IL PROVIDE RESIDENTIAL HOUSING AND OTHER FACILITIES TO THE ELDERLY. 4 0 0 3 0 0 12875 0 3383444 1835027 533 8969 0 0 3396852 1843996 0 0 0 0 0 0 0 0 0 5943320 3843807 5943320 3843807 -2546468 -1999811 14889146 14316756 16319260 17746681 -1430114 -3429925 PROVIDE RESIDENTIAL HOUSING AND OTHER FACILITIES TO THE ELDERLY. 0 0 3701975 1835027 PROVIDE RESIDENTIAL HOUSING AND OTHER FACILITIES TO THE ELDERLY. 3701975 1 0 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 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 X CERTUS GENEVA MANAGEMENT 6123339000 601 CARLSON PARKWAY SUITE 1140 MINNETONKA MN 55305 X X LEN FARRELL VICE PRESIDENT 3.00 X X 0 0 0 RICHARD LANDER PRESIDENT 3.00 X X 0 0 0 JEANETTE MEDUS DIRECTOR 3.00 X 0 0 0 MARLENE KLINGER TREASURER 3.00 X X 0 0 0 ANGELA KOTSCHI MANAGEMENT COMPANY EXEC. DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 CERTUS GENEVA MANAGEMENT LLC 601 CARLSON PARKWAY SUITE 1140 MINNETONKA MN 55305 PAYROLL REIMBURSEMENT AND OTHER EXPENSES 335885 CERTUS GENEVA MANAGEMENT LLC 601 CARLSON PARKWAY SUITE 1140 MINNETONKA MN 55305 MANAGMENT FEES AND TRAVEL 105726 2 ELDERLY HOUSING INCOME 531110 1835027 1835027 1835027 8969 8969 1843996 1835027 0 8969 94205 94205 6387 6387 41240 41240 105964 105964 1537 1537 533668 533668 1885204 1885204 590033 590033 128805 128805 LEASED EMPLOYEE EXPENSE 382607 382607 MISCELLANEOUS EXPENSE 47985 47985 MEALS EXPENSE 16633 16633 TELEPHONE 9465 9465 74 74 3843807 3701975 141832 0 138241 212055 1438003 2223 638 5066 20384 26690 22275553 8204831 13291880 14070722 14889146 14316756 345279 372406 15959681 17361475 14300 12800 16319260 17746681 X -1430114 -3429925 -1430114 -3429925 14889146 14316756 -1999811 0 X X 0 1 X 1 0 X 364950 1356322 81198 12875 0 1815345 2652358 2114665 1736743 3383444 1835027 11722237 3017308 3470987 1817941 3396319 1835027 13537582 67106 124763 129758 128698 144233 594558 553379 1134704 512767 1482554 785420 4468824 620485 1259467 642525 1611252 929653 5063382 8474200 2100 724 297 533 8969 12623 2100 724 297 533 8969 12623 3019408 3471711 1818238 3396852 1843996 13550205 0.62540 0.66280 0.00090 0.00040 X 1511343 1511343 19788866 7364336 12424530 11156 4119 7037 286207 204760 81447 677981 631616 46365 14070722 RESERVATION DEPOSITS 12800 12800 X 1843996 0 1843996 0 1843996 3843807 0 3843807 0 3843807 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB CODIFICATION TOPIC 740-10 RELATED TO UNCERTAIN INCOME TAX POSITIONS. AS A RESULT OF THE ORGANIZATION BEING A NON-PROFIT 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. A ILLINOIS FINANCE AUTHORITY 861091967 45204FNQ4 2021-10-27 9315000 REDEEM PRIOR BOND, PAYOFF CONSTRUCTION LOAN, PURCHASE LAND&WORKING CAPITAL 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45204FNR2 2021-10-27 3860000 REDEEM PRIOR BOND, PAYOFF CONSTRUCTION LOAN, PURCHASE LAND&WORKING CAPITAL 0 0 0 C ILLINOIS FINANCE AUTHORITY 861091967 45204FNS0 2021-10-27 2945000 REDEEM PRIOR BOND, PAYOFF CONSTRUCTION LOAN, PURCHASE LAND&WORKING CAPITAL 0 0 0 A 9315000 837897 3569 2023 1 0 1 1 B 3860000 709061 259000 1852792 1553000 2208 2023 1 0 1 1 C 2945000 654536 614803 503806 613809 1065332 2023 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 SCHEDULE K, PART II, COLUMN A: THESE BONDS ACCRETE IN VALUE AT A RATE OF 5% ANNUALLY UNTIL THE BONDS REACH AN ACCRETED VALUE OF $15,181,182 ON OCTOBER 31, 2031, AT WHICH POINT THE OUTSTANDING PRINCIPAL (INCLUDING ACCRETION) AND INTEREST IS DUE. SCHEDULE K, PART II, COLUMN B: THESE BONDS ACCRETE IN VALUE AT A RATE OF 10% ANNUALLY UNTIL THE BONDS REACH AN ACCRETED VALUE OF $10,021,959 ON OCTOBER 31, 2031, AT WHICH POINT THE OUTSTANDING PRINCIPAL (INCLUDING ACCRETION) AND INTEREST IS DUE. SCHEDULE K, PART II, COLUMN C: THE BONDS ARE CAPITAL APPRECIATION BONDS AND ACCRETE IN VALUE AT A RATE OF 12% ANNUALLY THROUGH OCTOBER 31, 2023 AT WHICH POINT THEY WILL CONVERT TO CURRENT INTEREST BONDS, PAYABLE IN QUARTERLY-INTEREST ONLY PAYMENTS AT 10%, THROUGH OCTOBER 31, 2031, AT WHICH POINT THE OUTSTANDING PRINCIPAL (INCLUDING ACCRETION) AND INTEREST IS DUE. RICHARD LANDER OFFICER/RESIDENT 23946 MONTHLY SERVICE FEES 0 LEN FARRELL OFFICER/RESIDENT 39272 MONTHLY SERVICE FEES 0 MARLENE KLINGER OFFICER/RESIDENT 39723 MONTHLY SERVICE FEES 0 JEANETTE MEDUS OFFICER/RESIDENT 33315 MONTHLY SERVICE FEES 0 FORM 990, PART VI, SECTION A, LINE 3 CERTUS GENEVA MANAGEMENT, LLC ACTS AS THE ORGANIZATION'S MANAGING AGENT. FORM 990, PART VI, SECTION A, LINE 6 THE RESIDENT MEMBERS OF THE ORGANIZATION ELECT THE RESIDENT MEMBERS OF THE GOVERNING BODY. ANY OF THE RESIDENT MEMBERS WOULD BE ELIGIBLE FOR ELECTION TO THE GOVERNING BODY, PURSUANT TO A VOTE OF THE ENTIRE RESIDENT MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE RESIDENT MEMBERS OF THE ORGANIZATION HOLD THE RIGHT TO ELECT AND/OR APPOINT THE RESIDENT REPRESENTATIVES OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S EXECUTIVE DIRECTOR IS AUTHORIZED TO MAKE DECISIONS CONCERNING STAFF HIRING AND FIRING, ENGAGEMENT OF VENDORS, CREATION OF SOCIAL PROGRAMS FOR THE FACILITY, AND ITEMS OF SIMILAR NATURE ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY DESIGNATED MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO INTERESTED PARTIES UPON REQUEST. FORM 990, PART VII, SECTION B. INDEPENDENT CONTRACTORS: THE TOTAL AMOUNT PAID TO CERTUS GENEVA MANAGEMENT LLC IS COMPRISED OF THE FOLLOWING: PAYROLL REIMBURSEMENT $284,299, TRAVEL EXPENSE $11,521, MANAGEMENT FEES $94,205 AND OTHER EXPENSE $51,586. FORM 990, PART VII, 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.