Civic Intelligence

Park Place Christian Community Of

990 • Fiscal year 2018 • EIN 20-1834903

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 14, 2019

18601 N Creek DrTinley Park, IL 60477

(708) 342-8100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.85x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

4.80x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

5th percentile

-38%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$1,163,927

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

81st percentile

15%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

36%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$42,890,224

Up $5,558,279 (+15%) from 2017

Net Assets

Down

$6,523,288

Down $2,784,044 (-30%) from 2017

Liabilities

Up

$36,366,936

Up $8,342,323 (+30%) from 2017

Revenue

Up

$7,572,372

Up $1,995,646 (+36%) from 2017

Expenses

Up

$10,478,822

Up $1,895,335 (+22%) from 2017

Net Income

Up

-$2,906,450

Up $100,311 (+3.3%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2017: $37,331,945Liabilities 2017: $28,024,613Net Assets 2017: $9,307,3322017Assets 2018: $42,890,224Liabilities 2018: $36,366,936Net Assets 2018: $6,523,2882018Assets 2019: $47,270,328Liabilities 2019: $43,702,824Net Assets 2019: $3,567,5042019Assets 2020: $45,921,533Liabilities 2020: $44,309,367Net Assets 2020: $1,612,1662020Assets 2021: $43,991,406Liabilities 2021: $43,615,845Net Assets 2021: $375,5612021Assets 2022: $42,998,963Liabilities 2022: $43,060,141Net Assets 2022: -$61,1782022Assets 2023: $42,690,808Liabilities 2023: $32,123,312Net Assets 2023: $10,567,4962023Assets 2024: $39,926,991Liabilities 2024: $32,228,233Net Assets 2024: $7,698,7582024

Highlighted filing

2018

Assets$42,890,224
Liabilities$36,366,936
Net Assets$6,523,288

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2017: $5,576,726Expenses 2017: $8,583,487Net Income 2017: -$3,006,7612017Revenue 2018: $7,572,372Expenses 2018: $10,478,822Net Income 2018: -$2,906,4502018Revenue 2019: $10,041,990Expenses 2019: $12,416,293Net Income 2019: -$2,374,3032019Revenue 2020: $12,750,028Expenses 2020: $13,542,565Net Income 2020: -$792,5372020Revenue 2021: $12,217,204Expenses 2021: $14,336,700Net Income 2021: -$2,119,4962021Revenue 2022: $13,214,303Expenses 2022: $15,408,722Net Income 2022: -$2,194,4192022Revenue 2023: $13,505,936Expenses 2023: $15,875,844Net Income 2023: -$2,369,9082023Revenue 2024: $10,989,399Expenses 2024: $13,664,803Net Income 2024: -$2,675,4042024

Highlighted filing

2018

Revenue$7,572,372
Expenses$10,478,822
Net Income-$2,906,450
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 14, 2019
Return Version
2018v3.1
Gross Receipts
$7,572,372
Mission and Program Overview

Mission

To maintain residential and related facilities and provide for the proper care and nurture of the elderly and infirm people who seek compassionate services in the later years of their life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$35,542,045$40,997,766▲ $5,455,721
Accounts Receivable$830,586$829,915▼ $671
Cash and Non-Interest-Bearing Accounts$1,135$66,350▲ $65,215
Prepaid Expenses and Deferred Charges$22,027$32,322▲ $10,295
Total Assets$37,331,945$42,890,224▲ $5,558,279
Other Assets Total$936,152$963,871▲ $27,719
Liabilities
Mortgage Notes Payable Secured by Investment Property$25,079,324$27,252,004▲ $2,172,680
Other Liabilities$2,726,994$7,620,254▲ $4,893,260
Accounts Payable and Accrued Expenses$218,295$1,494,678▲ $1,276,383
Total Liabilities$28,024,613$36,366,936▲ $8,342,323
Net Assets / Fund Balance
Unrestricted Net Assets$9,307,332$6,523,288▼ $2,784,044
Total Net Assets Fund Balance$9,307,332$6,523,288▼ $2,784,044
Total Liabilities and Net Assets / Fund Balance$37,331,945$42,890,224▲ $5,558,279

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,753,773$1,773,797$39,527,570
Equipment$1,669,839$712,586$2,382,425
Land$1,574,154-$1,574,154
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Burton TraceyRnFT$100,806$100,806

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Providence Life ServicesMgmt, Educ, Mkt18601 NORTH CREEK DR, SUITE 600, Tinley Park, IL 60477$915,898
Symbria RehabTherapy28100 TORCH PARKWAY, SUITE 600, Warrenville, IL 60555$775,136
Symbria Rx ServicesPharmacy28100 TORCH PARKWAY, Warrenville, IL 60555$492,037
NipscoUtilityPO BOX 13007, Merrillville, IN 46411$361,628
Gordon Food ServiceDietaryPO BOZ 88029, Chicago, IL 60680$172,268
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,572,372
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,906,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,947,622
Salaries, Compensation, and Employee Benefits$3,531,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,984,431--$2,984,431
Depreciation Depletion$1,188,673--$1,188,673
Interest$1,032,555--$1,032,555
Fees for Services Management-$915,898-$915,898
All Other Expenses$846,407--$846,407
Occupancy$364,241--$364,241
Other Employee Benefits$307,700--$307,700
Office Expenses$292,283--$292,283
Other Expenses$286,396--$286,396
Insurance$221,085--$221,085
Payroll Taxes$219,646--$219,646
Information Technology-$169,649-$169,649
Advertising$97,321--$97,321
Fees for Services Other$60,024--$60,024
Fees for Services Legal$21,461--$21,461
Pension Plan Contributions$19,423--$19,423
Total Functional Expenses$9,393,275$1,085,547$0$10,478,822
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Linda SchuttSpouse of CEOEmployment CompNo$99,401
Bonnie HeirendtSister of CEOEmployment CompNo$52,378
Allison OleshkoDaugther of CEOEmployment CompNo$19,578
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$7,620,254
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Responsibilities paid through management fees to rest haven illiana christian convalescent home dba providence life services.

Form 990, Page 6, Part VI, Line 6

The sole member of the corporation is rest haven illiana christian convalescent home. The affairs, business and all legal matters of the corporation shall be managed by its board of directors.

Form 990, Page 6, Part VI, Line 7A

The member shall have and exercise the following reserve powers: (1) to appoint or remove directors; (2) to approve amendments to the articles of incorporation or bylaws of the corporation; (3) to reveiw all annual budgets and audited financial statements, and to approve any deficit budget; (4) to approve the construction of any new or the alteration of any existing facility invloving an expenditure of 500,000 or more; (5) to sell, mortgage, pledge or alienate all or any part of the real estate or substantially all of the other assets of the corporation; (6) to dissolve the corporation.

Form 990, Page 6, Part VI, Line 7B

The member shall have and exercise the following reserve powers: (1) to appoint or remove directors; (2) to approve amendments to the articles of incorporation or bylaws of the corporation; (3) to reveiw all annual budgets and audited financial statements, and to approve any deficit budget; (4) to approve the construction of any new or the alteration of any existing facility invloving an expenditure of 500,000 or more; (5) to sell, mortgage, pledge or alienate all or any part of the real estate or substantially all of the other assets of the corporation; (6) to dissolve the corporation.

Form 990, Page 6, Part VI, Line 11B

A draft of the 990 was prepared and sent for initial review by the controller, cfo and ceo. A completed copy of the 990 is provided to the full board prior to submission.

Form 990, Page 6, Part VI, Line 12C

Board members annually review and update their conflict of interest statements.

Form 990, Page 6, Part VI, Line 15A

The parent company's executive compensation programs primary objective is to provide competitive total pay opportunities that help attract, reward and retain critical leadership talent in order to achieve the organizations mission and strategic initiatives. Rest haven establishes its executive compensation ranges through a written policy and by comparing itself to organizations of similar size and type - using objective, third-party data. A compensation committee of independent directors recommends, and the board of directors approves, the salary ranges and reviews total compensation for executives on an annual basis. The organization routinely uses knowledgable external consultants to advise on the process and has received affirmation of compliance with irs guidelines for the reasonableness of executive compensation in tax-exempt entities.

Form 990, Page 6, Part VI, Line 15B

The executive compensation of the parent (rest haven) companys executives is set by the parent companys board of directors through board oversight. The executive compensation program's primary objective is to provide competitive total pay opportunities that help attract, reward and retain critical leadership talent in order to achieve the organizations mission and strategic initiatives. Rest haven establishes its executive compensation ranges through a written policy and by comparing itself to organizations of similar size and type - using objective, third-party data. A compensation committee of independent directors recommends, and the board of directors approves, the salary ranges and reviews total compensation for executives on an annual basis. The organization routinely uses knowledgable external consultants to advise on the process and has received affirmation of compliance with irs guidelines for the reasonableness of executive compensation in tax-exempt entities.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Park Place Christian Community
EIN
20-1834903
Phone
7083428100
Address
18601 N CREEK DR, TINLEY PARK, IL 60477

Signing Officer

Name
Vandergenugten Barry
Title
CFO
Phone
7083428100
Signed
2019-04-14

Organization Details

Principal Officer
Vandergenugten Barry
Formed
2004
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
188
Volunteers
25

Preparer

Firm
Larry J Otte CPA
Address
10755 HAWTHORNE DR, SAINT JOHN, IN 46373
Preparer
Larry J Otte
Phone
7083593329
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Affiliate equity transfer 122,406

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SCHUTT RICHARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DEYOUNG WILLIAM
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0LINE 1A THE ORGANIZATION PROVIDES AN ALLOWANCE FOR UP TO 10 BOARD MEMBERS TO ATTEND THE ANNUAL ASSOCIATION CONVENTION TO PROVIDE MORE IN DEPTH KNOWLEDGE OF THE SENIOR CARE INDUSTRY. THE COST OF TRAVEL FOR SPOUSES IS PERMITTED AS LONG AS THE TOTAL DOES NOT EXCEED THE ESTABLISHED ALLOWANCE AMOUNT. THE ORGANIZATION HAS ESTABLISHED A SENIOR EXECUTIVE MANAGEMENT PROGRAM WHICH ALLOWS STATED EMPLOYEES TO JOIN A FITNESS CENTER. ELIGIBLE EMPLOYEES THAT ENROLL ARE REQUIRED TO BE ACTIVELY UTILIZING THE FITNESS CENTER. NO SENIOR EXECUTIVES RECEIVED THIS BENEFIT IN 2018. LINE 4B REST HAVEN HAS ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN IN AN EFFORT TO RETAIN SELECTED OFFICERS ON A LONG TERM BASIS. RICHARD SCHUTT AND WILLIAM DEYOUNG PARTICIPATE IN THE PLAN. IN 2018, RICHARD SCHUTT RECEIVED A DISTRIBUTION FROM THE ACCOUNT OF 450,000. IN 2005, THE BOARD OF DIRECTORS ESTABLISHED THE RETENTION PLAN FOR CERTAIN OFFICERS. THIS PLAN RECOGNIZES THE HISTORIC CONTRIBUTION OF THE EXECUTIVES WITH THE ORGANIZATION UNTIL NORMAL RETIREMENT AGE. AMONG VARIOUS CRITERIA, IN ORDER TO QUALIFY FOR THE BENEFIT, THE EXECUTIVE WILL NEED TO BE CONTINOUSLY EMPLOYED THRU AND UNTIL THE FUTURE DATE. THE ORGANIZATIONS PAYMENTS INTO THE PLAN ARE RECORDED ON THE 990 AS DEFERRED COMPENSATION. HOWEVER, THE EXECUTIVE HAS NOT RECEIVED THESE MONIES AND WILL ONLY BE ELIGIBLE TO RECIEVE THE MONIES BASED UPON ACHIEVEMENT OR SATISFACTION OF SOME FUTURE EVENTS. THE PLAN CONTRIBUTIONS ARE NOT UNDER THE CONTROL OF THE EXECUTIVES, THEY REMAIN THE ASSET OF THE ORGANIZATION, AND THE ENTIRE PLAN IS SUBJECT TO A FULL RISK FORFEITURE BY THE INDIVIDUAL. LINE 5 THE PARENT COMPANYS EXECUTIVE COMPENSATION PROGRAM HAS TWO MAJOR ELEMENTS: SALARY, OR BASE PAY, AND VARIABLE PAY. THE SALARY REFLECTS THE VALUE OF AN EXECUTIVE'S CAPABILITIES AND EXPERIENCE. THE VARIABLE PAY REFLECTS THE ORGANIZATIONS COMMITMENT TO PAY FOR SPECIFIC PERFORMANCE TOWARDS ORGANIZATIONAL GOALS AND OBJECTIVES (INCLUDING THOSE WHICH RELATE TO MISSION, OPERATIONAL EFFICIENCY, FINANCIAL EFFECTIVENESS, AND STRATEGIC GOALS). SEMI-ANNUALLY THE COMPENSATION COMMITTEE REVIEWS, ASSESSES AND DETERMINES ANY AWARD UNDER THE VARIABLE PAY COMPONENT. EXECUTIVE EMPLOYEE BENEFITS ARE REVIEWED BY THE COMPENSATION COMMITTEE AND OUTSIDE CONSULTANTS TO INSURE THEY ARE COMPETITIVE AND IN LINE WITH COMMON PRACTICE FOR SIMILAR POSTIONS IN SIMILARLY SIZED AND TYPE ORGANIZAITONS. THE COMMITTEE RECEIEVES AN EXECUTIVE COMPENSATION OPINION NOTING THAT THE ORGANIZATIONS EXECUTIVE COMPENSATION FALLS WITHIN THE RANGE OF COMPARABLE POSITIONS WITHIN THE SAME INDUSTRY. THE REPORT/OPINION ALSO NOTES THAT THE STATED REQUIREMENTS OF ENSURING INDEPENDENCE OF COMPENSATION DELIBERATIONS FOR SENIOR EXECUTIVES ARE MET.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2ALLISON OLESHKO
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