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Nonprofiteer
← UNIVERSITY PLACE INC

Form 990 for tax year 2023

Filed by UNIVERSITY PLACE INC.

Totals

Total revenue
$15,486,409
Total expenses
$12,625,882
Contributions and grants received
$8,270
Grants paid
$0
Program service revenue
$14,481,395
Investment income
$704,774
Other revenue
$291,970
Total assets, end of year
$31,565,765
Total liabilities, end of year
$42,027,441
Net assets or fund balances, end of year
-$10,461,676
Program services expenses (Part IX)
$10,459,515
Management and general expenses
$2,166,367
Fundraising expenses
$0
Program service expenses (Part III)
$10,459,515

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $8,000

  • 1f · All other contributions, gifts and grants

    $270

  • 2a · Program service revenue: Independent Living

    total $5,466,976 · related or exempt $5,466,976

  • 2b · Program service revenue: Skilled care

    total $5,216,091 · related or exempt $5,216,091

  • 2c · Program service revenue: Assisted Living

    total $3,798,328 · related or exempt $3,798,328

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $386,672 · excluded $386,672

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $318,102

  • 7c · Gain or loss

    securities $318,102 · other assets $0

  • 7d · Net gain or loss

    total $318,102 · excluded $318,102

  • 11a · Other revenue: Entrance fee revenue

    total $280,892 · excluded $280,892

  • 11b · Other revenue: Department revenue

    total $4,902 · excluded $4,902

  • 11d · All other revenue

    total $6,176 · related or exempt $0 · unrelated business $0 · excluded $6,176

  • 11e · Other revenue, total

    $291,970

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,540,311 · program services $2,932,859 · management and general $607,452

  • 9 · Other employee benefits

    total $723,160 · program services $599,079 · management and general $124,081

  • 11f · Fees: investment management

    total $65,616 · program services $54,358 · management and general $11,258

  • 11g · Fees: other

    total $5,302,089 · program services $4,392,348 · management and general $909,741 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,153,588 · program services $955,654 · management and general $197,934

  • 24a · Other expenses: Drugs, food, supplies and other

    total $1,741,893 · program services $1,443,017 · management and general $298,876

  • 24b · Other expenses: Bad debt

    total $99,225 · program services $82,200 · management and general $17,025

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $790 · end of year $94,559

  • 2 · Savings and temporary cash investments

    beginning of year $767,952 · end of year $3,883,597

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $364,057 · end of year $1,050,744

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $49,789 · end of year $48,892

  • 9 · Prepaid expenses and deferred charges

    beginning of year $98,020 · end of year $145,116

  • 10a · Land, buildings and equipment: cost or other basis

    $38,715,241

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,098,161

  • 10c · Land, buildings and equipment, net

    beginning of year $9,907,996 · end of year $10,617,080

  • 11 · Investments: publicly traded securities

    beginning of year $14,818,042 · end of year $14,490,650

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $848,429 · end of year $1,235,127

  • 17 · Accounts payable and accrued expenses

    beginning of year $919,680 · end of year $1,195,128

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $21,368,570 · end of year $22,566,546

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,592,841 · end of year $18,193,280

  • 21 · Escrow or custodial account liability

    beginning of year $1,191 · end of year $1,202

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $71,286 · end of year $71,285

  • 27 · Net assets without donor restrictions

    beginning of year -$14,151,201 · end of year -$10,515,400

  • 28 · Net assets with donor restrictions

    beginning of year $52,708 · end of year $53,724

Mission and programs · 2023

Mission

THE MISSION OF UNIVERSITY PLACE IS TO CELEBRATE LIFE AND SERVE WITH JOY. (CONTINUED ON SCHEDULE O).

Activities or mission (Part I)

ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO.

  • NURSING HOME CARE: UNIVERSITY PLACE PROVIDES NURSING CARE SERVICES TO MEET THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF THE RESIDENTS. SOME OF THE AMENITIES PROVIDED INCLUDE PERSONALIZED CARE PLANS, LICENSED NURSING STAFF, THREE MEALS DAILY, SNACKS, HOUSEKEEPING, MAINTENANCE, RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES, AND SECURITY. THE AVERAGE DAILY CENSUS APPROXIMATED 26 IN FISCAL 2024.

    Expenses $6,493,259 · Revenue $3,517,438

  • INDEPENDENT LIVING: UNIVERSITY PLACE PROVIDES INDEPENDENT LIVING SERVICES TO ALLOW RESIDENTS TO ENJOY ACTIVE AND INDEPENDENT LIFESTYLES. THESE SERVICES ARE DESIGNED TO MEET THE PHYSICAL, SOCIAL AND SPIRITUAL NEEDS OF THE RESIDENTS. ACCOMMODATIONS INCLUDE GARDEN HOMES AND STUDIO, ONE, AND TWO BEDROOM APARTMENTS. SOME OF THE AMENITIES PROVIDED INCLUDE DINING, HOUSEKEEPING, MAINTENANCE, TRANSPORTATION, HEALTH AND FITNESS, RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES, SECURITY, AND AN EMERGENCY RESPONSE SYSTEM. THE AVERAGE CENSUS IN INDEPENDENT LIVING APPROXIMATED 103 IN FISCAL 2024.

    Expenses $3,246,902 · Revenue $5,747,867

  • ASSISTED LIVING: UNIVERSITY PLACE PROVIDES ASSISTED LIVING SERVICES TO ALLOW RESIDENTS TO RECEIVE THE ASSISTANCE THEY NEED WHILE MAINTAINING AN ACTIVE LIFESTYLE. THESE SERVICES ARE DESIGNED TO MEET THE PHYSICAL, SOCIAL AND SPIRITUAL NEEDS OF THE RESIDENTS. Accommodations INCLUDE EFFICIENCIES, STUDIOS, AND ONE BEDROOM UNITS. SOME OF THE AMENITIES PROVIDED INCLUDE THREE MEALS DAILY, SNACKS, HOUSEKEEPING, MAINTENANCE, SECURITY, AND RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES. IN ADDITION, STAFF IS AVAILABLE TO PROVIDE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING TO MEET EACH RESIDENT'S NEEDS. THE AVERAGE CENSUS IN ASSISTED LIVING APPROXIMATED 46 IN FISCAL 2024.

    Expenses $719,354 · Revenue $5,216,090

As filed on the 2023 return.

Listed in Part VII

  • Bobbie Parkhill

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • James Stark

    Chairman

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Regina Umanskiy

    President & Chief Executive Officer

    Total calculated
    $604,881
    From this org
    $0
    From related orgs
    $545,065
    Other
    $59,816
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $405,885 related
    Bonus
    $0 + $136,110 related
    Other
    $0 + $3,070 related
    Deferred
    $0 + $58,258 related
    Nontaxable benefits
    $0 + $1,558 related
    Filer's total
    $0 + $604,881 related

  • Andrea Ramirez-Justin

    Secretary

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Robert Rosenberger

    Treasurer and Chief Financial Officer

    Total calculated
    $248,494
    From this org
    $0
    From related orgs
    $215,232
    Other
    $33,262
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,526 related
    Bonus
    $0 + $125 related
    Other
    $0 + $1,581 related
    Deferred
    $0 + $23,402 related
    Nontaxable benefits
    $0 + $9,860 related
    Filer's total
    $0 + $248,494 related

  • David Kinder

    Executive Director - University Place

    Total calculated
    $237,801
    From this org
    $186,995
    From related orgs
    $0
    Other
    $50,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,073
    Bonus
    $27,100
    Other
    $3,822
    Deferred
    $13,536
    Nontaxable benefits
    $37,270
    Filer's total
    $237,801

  • Jeanne Smith

    Director of Sales & Marketing

    Total calculated
    $152,165
    From this org
    $119,552
    From related orgs
    $0
    Other
    $32,613
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,126
    Bonus
    $125
    Other
    $301
    Deferred
    $3,801
    Nontaxable benefits
    $28,812
    Filer's total
    $152,165

  • Rebecca Hubbard

    Director of Nursing

    Total calculated
    $141,141
    From this org
    $139,055
    From related orgs
    $0
    Other
    $2,086
    Hours/week
    40

  • Daniel Noonan

    Former Treasurer and Chief Financial Officer

    Total calculated
    $351,654
    From this org
    $0
    From related orgs
    $350,562
    Other
    $1,092
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $23,530 related
    Bonus
    $0
    Other
    $0 + $327,032 related
    Deferred
    $0 + $1,092 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $351,654 related

  • Judy L Amiano

    Former President & Chief Executive Officer

    Total calculated
    $37,922
    From this org
    $0
    From related orgs
    $37,922
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $37,922 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $37,922 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED BY FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION, USING THE FOLLOWING METHODS: *COMPENSATION COMMITTEE *APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE *COMPENSATION STUDY
Schedule J, Part I, Line 4a Severance or change-of-control payment
DURING CALENDAR YEAR 2023, A SEVERANCE PAYMENT WAS MADE TO DANIEL NOONAN IN THE AMOUNT OF $212,908 THAT WAS TREATED AS TAXABLE AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING SUMMARY LISTS THE EMPLOYEES PARTICIPATING IN A NONQUALIFIED 457(F) RETIREMENT PLAN. THESE AMOUNTS WERE PAID AND DEFERRED IN CALENDAR 2023: 457(F) Plan Paid/Deferred Regina Umanskiy - $0/$26,608 Daniel Noonan - $31,199/$0 Judy Amiano - $20,178/$0

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FRANCISCAN ADVISORY SERVICES INC

    C Corporation · MANAGEMENT AND DEVELOPMENT ADVISORY SERVICES · IL

    Directly controlled by Franciscan Sisters of Chicago Service Corporation

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349316127

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