2025-07-30T14:43:14-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 1 SOUTH WACKER DRIVE SUITE 3550 CHICAGO IL 60606 990 2024-01-01 364126791 GREENCASTLE OF BIENTERRA C/O EMBRACE LIVING COMMUNITIES GREE 6305218021 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 RALPH GAINES PRESIDENT AND CEO 6305218021 2025-07-28 1 1 KAREN A SCHAEFER P00545171 3125085900 2025-07-11 2024 2025-03-06 01:10:19Z X RALPH GAINES 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 709854 0 X WWW.EMBRACELIVING.ORG X 1996 IL TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 8 7 0 25 0 0 0 0 674103 696396 442 2800 8667 10658 683212 709854 0 0 0 0 302211 301119 0 0 0 476549 547936 778760 849055 -95548 -139201 2048667 1923628 44906 59068 2003761 1864560 TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE, WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING. 0 0 727935 707054 GREENCASTLE OF BIENTERRA WAS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION IN THE STATE OF ILLINOIS IN 1996. IT WAS FORMED TO ACQUIRE LAND AND CONSTRUCT BUILDINGS TO HOUSE LOW-INCOME PERSONS AS DEFINED BY NATIONAL HOUSING ACT OF 1959. THE ORGANIZATION OPERATES 59 UNITS BUILDING. 727935 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X X EMBRACE LIVING 6305218021 COMMUNITIES 1900 SPRING ROAD SUITE BROOK IL 60523 SCOTT MEYER CHAIRMAN 0.20 X 0 0 0 RUTH CARLSON DIRECTOR 0.20 X 0 0 0 KAREN LATIMER-HORSTHEAKE DIRECTOR 0.20 X 0 0 0 TONYA PITTS DIRECTOR 0.20 X 0 0 0 IRV WOODS DIRECTOR 0.20 X 0 0 0 ROBERT GAMRATH DIRECTOR 0.20 X 0 0 0 J PAUL BERTSCHE DIRECTOR 0.20 X 0 0 0 RALPH GAINES PRESIDENT & CEO 0.20 39.80 X 0 371596 50615 ANNE M OLIVA EXECUTIVE VICE PRESIDENT & 1.00 40.00 X 0 214166 22837 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICE 1.00 40.00 X 0 119654 40480 DAWN ZENKNER CONTROLLER 0.20 39.80 X 0 112421 38818 ED HAVLOVIC DIRECTOR OF PLANT OPERATIO 1.00 40.00 X 0 106816 27750 ALINA SERBAN CHIEF OF STAFF 1.00 40.00 X 0 101464 38357 0 1026117 218857 0 0 1 0 0 LOW INCOME HOUSING 531110 696396 696396 696396 272 272 2528 0 2528 2528 2528 LAUNDRY AND VENDING 531110 9390 9390 MISCELLANEOUS 531110 878 878 TENANT CHARGES 531110 390 390 10658 709854 709854 0 0 216714 216714 64902 64902 19503 19503 63307 63307 11456 11456 112 112 19502 19502 11760 5598 6162 51944 51944 5711 5711 126392 126392 40659 40659 REPAIRS & MAINTENANCE 189502 149600 39902 ADMIN RENT FREE UNIT 8124 8124 WORKMENS COMPENSATION 5042 5042 OTHER RENTING EXPENSE 1554 1554 12871 12578 293 849055 727935 121120 0 4071 14346 335 18580 15398 25262 4523604 2805476 1723961 1718128 304902 147312 2048667 1923628 19475 32262 25431 26806 44906 59068 X -2103169 -2242370 4106930 4106930 2003761 1864560 2048667 1923628 -139201 0 X 0 1 X 0 1 1 X 647471 664713 669519 674103 696396 3352202 647471 664713 669519 674103 696396 3352202 0 0 0 3352202 172 147 281 442 272 1314 172 147 281 442 272 1314 8228 17455 9115 8667 10658 54123 655871 682315 678915 683212 707326 3407639 0.98370 0.98360 0.00040 0.00040 X 175982 175982 4085255 2604440 1480815 68017 48485 19532 194350 152551 41799 1718128 REPLACEMENT RESERVE 90394 RESIDUAL RECEIPTS RESERVE 15041 TENANT DEPOSITS HELD IN TRUST 21234 RESERVE FOR INSURANCE 20643 147312 ACCRUED PAYROLL 5528 SECURITY DEPOSIT - TENANT 20906 RERSIDUAL RECEIPTS DUE TO HUD 41 DUE TO AFFILIATES 331 26806 X 709854 0 709854 0 709854 849055 0 849055 0 849055 PART X, LINE 2: THE CORPORATION, AS ALLOWED UNDER CURRENT STATE OF ILLINOIS STATUTES, HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE "CODE: AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE ("IRS") AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES, AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. X X X 0 0 0 0 0 0 0 0 0 RALPH GAINES PRESIDENT & CEO 0 371596 0 0 0 0 0 13800 0 36815 0 422211 0 0 ANNE M OLIVA EXECUTIVE VICE PRESIDENT & 0 214166 0 0 0 0 0 8513 0 14324 0 237003 0 0 JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICE 0 119654 0 0 0 0 0 4895 0 35585 0 160134 0 0 DAWN ZENKNER CONTROLLER 0 112421 0 0 0 0 0 4526 0 34292 0 151239 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS OF EMBRACE LIVING COMMUNITIES AND AFFILIATES APPOINTS THE PRESIDENT & CEO AND THE CFO AND DETERMINES THEIR COMPENSATION. THE METHOD USED TO ESTABLISH THE COMPENSATION FOR THE PRESIDENT & CEO AND THE CFO, RECEIVED FROM RELATED ORGANIZATIONS, INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER SIMILAR ORGANIZATIONS. THE PROCESS INCLUDES A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY AND/OR STUDY AND APPROVAL BY THE COMPENSATION COMMITTEE AND THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS SUBMISSION, FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE DEPARTMENT. IT IS THEN PRESENTED TO THE PRESIDENT AND THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. TO ENSURE COMPLIANCE WITH THIS , THE CORPORATION REQUIRES THE FOLLOWING: 1. ON AN ANNUAL BASIS, ALL MEMBERS OF THE BOARD OF DIRECTORS, THE CEO, MEMBERS OF SENIOR MANAGEMENT, AND EMPLOYEES WITH PURCHASING AND/OR HIRING RESPONSIBILITIES OR AUTHORITY SHALL INFORM, IN WRITING, THE CEO AND THE CHAIR OF THE FINANCE/AUDIT COMMITTEE, OF ALL REPORTABLE CONFLICTS. 2. PRIOR TO THE PREPARATION OF THE DISCLOSURE STATEMENTS, THE FINANCE DEPARTMENT SHALL DISTRIBUTE A LIST OF ALL VENDORS WITH WHOM THE ORGANIZATION HAS TRANSACTED BUSINESS AT ANY TIME DURING THE PRECEDING YEAR, ALONG WITH A COPY OF THE DISCLOSURE STATEMENT. 3. THE CEO SHALL REVIEW ALL FORMS COMPLETED BY EMPLOYEES, AND THE FINANCE/AUDIT COMMITTEE SHALL REVIEW ALL FORMS COMPLETED BY DIRECTORS AND THE CEO, AND DETERMINE APPROPRIATE RESOLUTION IN ACCORDANCE WITH THE NEXT SECTION OF THIS POLICY. 4. IF A CONFLICT ARISES DURING THE YEAR, THE EMPLOYEE OR BOARD MEMBER WILL IMMEDIATELY NOTIFY THE CEO WHO WILL DETERMINE APPROPRIATE RESOLUTION. ALL REAL OR APPARENT CONFLICTS OF INTEREST SHALL BE DISCLOSED TO THE FINANCE/AUDIT COMMITTEE AND THE CEO OF THE ORGANIZATION. 5. THE FINANCE/AUDIT COMMITTEE SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING DIRECTORS, THE CEO AND OTHER MEMBERS OF SENIOR MANAGEMENT. 6. THE CHAIR OF THE COMMITTEE SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING FINANCE/AUDIT COMMITTEE MEMBERS. 7. THE CHAIR OF THE BOARD SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF THE CONFLICTS INVOLVING THE CHAIR OF THE FINANCE/AUDIT COMMITTEE. 8. THE CEO SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING EMPLOYEES BELOW THE SENIOR MANAGEMENT LEVEL, SUBJECT TO THE APPROVAL OF THE FINANCE/AUDIT COMMITTEE. AN EMPLOYEE OR DIRECTOR MAY APPEAL THE DECISION THAT A CONFLICT, OR APPERANCE OF CONFLICT, EXISTS AS FOLLOWS: *AN APPEAL MUST BE DIRECTED TO THE CHAIR OF THE BOARD. *APPEALS MUST BE MADE WITHIN 30 DAYS OF THE INITIAL DETERMINATION. *RESOLTUION OF THE APPEAL SHALL BE MADE BY VOTE OF THE FULL BOARD OF DIRECTORS. *BOARD MEMBERS WHO ARE THE SUBJECT OF THE APPEAL, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE SUBJECT OF THE APPEAL, SHALL ABSTAIN FROM PARTICIPATING IN, DISCUSSING, OR VOTING ON THE RESOLUTION, UNLESS THEIR DISCUSSION IS REQUESTED BY THE REMAINING MEMBERS OF THE BOARD. FAILURE TO COMPLY WITH THE STANDARDS CONTAINED IN THIS POLICY WILL RESULT IN DISCIPLINARY ACTION THAT MAY INCLUDE TERMINATION, REFERRAL FOR CRIMINAL PROSECTUION, AND REIMBURSMENT TO THE ORGANIZATION OR TO THE GOVERNMENT FOR ANY LOSS OR DAMAGE RESULTING FROM THE VIOLATION. AS WITH ALL MATTERS INVOLVING DISCIPLINARY ACTION, PRINCIPLES OF FAIRNESS WILL APPLY. ANY EMPLOYEE CHARGED WITH A VIOLATION OF THIS POLICY WILL BE AFFORDED AN OPPORTUNITY TO EXPLAIN HIS/HER ACTIONS BEFORE DISCIPLINARY ACTION IS TAKEN. EMPLOYEE CHARGED WITH A VIOLATION OF THIS POLICY WILL BE AFFORDED AN OPPORTUNITY TO EXPLAIN HIS/HER ACTIONS BEFORE DISCIPLINARY ACTION IS TAKEN. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES ARE CO-EMPLOYED BY A PEO (PROFESSIONAL EMPLOYMENT ORGANIZATION), GROUP MANAGEMENT SERVICES, INC. AND EMBRACE LIVING COMMUNITIES. ALL FORMS, INCLUDING W-2'S AND REPORTS, ARE ISSUED UNDER THE EIN OF GROUP MANAGEMENT SERVICES, INC. 34-1707723. THE REPORTING ORGANIZATION REIMBURSES EMBRACE LIVING COMMUNITIES FOR ALL EMPLOYEE COMPENSATION EXPENSES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS OF THE ORGANIZATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS OF THE ORGANIZATION ALSO CAN BE FOUND ON THE INTERNET IN WEBSITES FOR NOT-FOR-PROFIT ORGANIZATIONS LIKE WWW.GUIDESTAR.COM. MANAGEMENT EMBRACE LIVING COMMUNITIES, A NOT-FOR-PROFIT CORPORATION, IS THE MANAGING AGENT AND RECEIVES MANAGEMENT FEES AS A PERCENTAGE OF THE GROSS RENTS, INCLUDING RENTAL SUBSIDIES AND OTHER INCOME UNDER TERMS OF A MANAGEMENT AGREEMENT APPROVED BY HUD. THE MANAGING AGENT IS RESPONSIBLE FOR THE DAY TO DAY ACTIVITIES OF THE ORGANIZATION SUCH AS MAINTAINING THE BUILDING, RESIDENT SUPPORT, HIRING AND SUPERVISING THE EMPLOYEES. IT ALSO PROVIDES ALL THE NECESSARY BOOKKEEPING AND ACCOUNTING SERVICES AND SUBMITS ALL THE REQUIRED FINANCIAL REPORTS. ALL DECISIONS AND REPORTS ARE PRESENTED AND DISCUSSED WITH THE BOARD OF DIRECTORS AND APPROVED BY THE BOARD OF DIRECTORS. REGULATION SECTION 1.263(A)-1(F) - DE MINIMIS SAFE HARBOR ELECTION TAXPAYER NAME: GREENCASTLE OF BIENTERRA TAXPAYER ADDRESS: 1900 SPRING ROAD, SUITE 450, OAK BROOK, IL 60523 TAXPAYER ID NUMBER: 36-4126791 YEAR-END: 12/31/2024 APOSTLES VILLAGE 1900 SPRING RD STE 450 OAK BROOK FL 60523 422100763 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 BAYONET POINT AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK FL 60523 363696590 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 BETHEL AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696581 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 BETHEL AREA HOUSING SOUTH INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363973915 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 EMBRACE INTEREST LLC 1900 SPRING RD STE 450 OAK BROOK IL 60523 852148586 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 EMBRACE LIVING CHARITIES 1900 SPRING RD STE 450 OAK BROOK IL 60523 362166970 FUNDRAISING IL 501(C)(3) 509 (A) N/A 0 EMBRACE LIVING COMMUNITIES 1900 SPRING RD STE 450 OAK BROOK IL 60523 363487477 PROPERTY MGMT IL 501(C)(3) 509 (A) N/A 0 EMBRACE LIVING DEVELOPMENT 1900 SPRING RD STE 450 OAK BROOK IL 60523 363729609 PROPERTY MGMT IL 501(C)(3) 509 (A) N/A 0 GLENVIEW ELDERLY HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 364126791 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 GREENCASTLE OF ALLERTON 1900 SPRING RD STE 450 OAK BROOK IL 60523 271954463 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 GREENCASTLE OF BARRINGTON INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363267264 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 GREENCASTLE OF LOVES PARK 1900 SPRING RD STE 450 OAK BROOK IL 60523 364352754 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 GREENCASTLE OF MULFORD 1900 SPRING RD STE 450 OAK BROOK IL 60523 363038261 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 GREENCASTLE OF NORTH AURORA 1900 SPRING RD STE 450 OAK BROOK IL 60523 371421479 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 GREENCASTLE OF PALATINE INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363895200 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 GREENCASTLE OF STERLING 1900 SPRING RD STE 450 OAK BROOK IL 60523 364209258 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 KENWOOD AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696608 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 MEMORIAL DRIVE COMMUNITY INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 452652514 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 MORGAN PARK AND BEVERLY HANDICAPPED 1900 SPRING RD STE 450 OAK BROOK IL 60523 363515819 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 SARASOTA AREA HOUSING INC 1900 SPRING RD STE 450 OAK BROOK IL 60523 363696610 AFFRDBL HSING IL 501(C)(3) 509 (A) N/A 0 ANCHOR SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 872830266 RENTAL SENIOR IL N/A 0 0 GREENWOOD SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 872863302 RENTAL SENIOR IL N/A 0 0 GROVE SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852201219 RENTAL SENIOR IL N/A 0 0 OASIS SENIOR LIVING 2021 LP 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852224763 RENTAL SENIOR IL N/A 0 0 ANCHOR SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852073277 RENTAL SENIOR IL N/A C 0 GREENWOOD SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 872840003 RENTAL SENIOR IL N/A C 0 GROVE SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852073277 RENTAL SENIOR IL N/A C 0 OASIS SENIOR LIVING 2021 GP LLC 1900 SPRING ROAD SUITE 450 OAK BROOK IL 60523 852124487 RENTAL SENIOR IL N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 EMBRACE LIVING COMMUNITIES O 633186 AMOUNT BILLED EMBRACE LIVING COMMUNITIES - AMOUNTS INCLUDED IN ABOVE P AMOUNT BILLED