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Nonprofiteer
← ADMIRAL AT THE LAKE

Form 990 for tax year 2023

Filed by ADMIRAL AT THE LAKE.

Totals

Total revenue
$24,694,763
Total expenses
$30,761,443
Contributions and grants received
$569,842
Grants paid
$190,392
Program service revenue
$23,035,315
Investment income
$735,607
Other revenue
$353,999
Total assets, end of year
$136,579,128
Total liabilities, end of year
$295,687,095
Net assets or fund balances, end of year
-$159,107,967
Program services expenses (Part IX)
$25,382,533
Management and general expenses
$5,378,910
Fundraising expenses
$0
Program service expenses (Part III)
$25,382,533

Program services were 82.5% 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

    $315,103

  • 1f · All other contributions, gifts and grants

    $254,739

  • 2a · Program service revenue: RESIDENT FEES FOR SERVICES

    total $11,951,584 · related or exempt $11,951,584

  • 2b · Program service revenue: HEALTH CENTER FEES

    total $8,374,383 · related or exempt $8,374,383

  • 2c · Program service revenue: AMORTIZATION OF DEFERRED REVENUE

    total $2,439,600 · related or exempt $2,439,600

  • 2d · Program service revenue: ADDITIONAL RESIDENT FOOD SERVICES

    total $269,748 · related or exempt $269,748

  • 3 · Investment income

    total $735,325 · excluded $735,325

  • 6a · Gross rents

    real property $46,129

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $46,129

  • 6d · Net rental income or loss

    total $46,129 · excluded $46,129

  • 7a · Gross sales of assets other than inventory

    securities $34,641

  • 7b · Less cost or other basis and sales expenses

    securities $34,359

  • 7c · Gain or loss

    securities $282

  • 7d · Net gain or loss

    total $282 · excluded $282

  • 11a · Other revenue: TRANSPORTATION SERVICES

    total $110,426 · excluded $110,426

  • 11b · Other revenue: RESIDENT GUEST SERVICES

    total $31,500 · excluded $31,500

  • 11c · Other revenue: NON-RESIDENT FOOD SERVICES

    total $31,237 · excluded $31,237

  • 11d · All other revenue

    total $134,707 · excluded $134,707

  • 11e · Other revenue, total

    $307,870

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $190,392 · program services $190,392

  • 5 · Compensation of officers, directors and key employees

    total $1,293,305 · management and general $1,293,305

  • 7 · Other salaries and wages

    total $7,657,931 · program services $7,087,735 · management and general $570,196

  • 8 · Pension plan contributions

    total $1,443,244 · program services $80,115 · management and general $1,363,129

  • 10 · Payroll taxes

    total $632,739 · program services $512,975 · management and general $119,764

  • 11b · Fees: legal

    total $91,626 · management and general $91,626

  • 11c · Fees: accounting

    total $186,115 · management and general $186,115

  • 11g · Fees: other

    total $1,270,807 · program services $781,914 · management and general $488,893

  • 12 · Advertising and promotion

    total $355,162 · management and general $355,162

  • 13 · Office expenses

    total $256,016 · program services $103,469 · management and general $152,547

  • 14 · Information technology

    total $94,879 · program services -$153,568 · management and general $248,447

  • 16 · Occupancy

    total $1,046,541 · program services $1,046,541

  • 17 · Travel

    total $7,572 · program services $2,688 · management and general $4,884

  • 19 · Conferences, conventions and meetings

    total $45,264 · program services $10,500 · management and general $34,764

  • 20 · Interest

    total $7,608,205 · program services $7,608,205

  • 22 · Depreciation, depletion and amortization

    total $5,209,527 · program services $5,209,527

  • 23 · Insurance

    total $361,723 · management and general $361,723

  • 24a · Other expenses: FOOD COSTS

    total $1,197,058 · program services $1,197,058

  • 24b · Other expenses: PURCHASED SERVICES

    total $614,125 · program services $610,500 · management and general $3,625

  • 24c · Other expenses: SUPPLIES AND INVENTORY

    total $541,933 · program services $541,513 · management and general $420

  • 24d · Other expenses: OTHER EXPENSES

    total $456,266 · program services $387,365 · management and general $68,901

  • 24e · All other expenses

    total $201,013 · program services $165,604 · management and general $35,409

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,771,101 · end of year $5,146,209

  • 2 · Savings and temporary cash investments

    beginning of year $2,986

  • 4 · Accounts receivable

    beginning of year $1,421,398 · end of year $1,222,223

  • 9 · Prepaid expenses and deferred charges

    beginning of year $220,642 · end of year $234,295

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

    $158,318,335

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

    $53,417,117

  • 10c · Land, buildings and equipment, net

    beginning of year $108,452,879 · end of year $104,901,218

  • 11 · Investments: publicly traded securities

    beginning of year $17,386,891 · end of year $23,038,249

  • 15 · Other assets

    beginning of year $1,716,772 · end of year $2,036,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,134,130 · end of year $2,995,741

  • 19 · Deferred revenue

    beginning of year $129,297,119 · end of year $134,239,984

  • 20 · Tax-exempt bond liabilities

    beginning of year $141,486,747 · end of year $139,812,206

  • 25 · Other liabilities

    beginning of year $17,778,585 · end of year $18,639,164

  • 27 · Net assets without donor restrictions

    beginning of year -$155,215,830 · end of year -$160,769,817

  • 28 · Net assets with donor restrictions

    beginning of year $1,491,918 · end of year $1,661,850

Mission and programs · 2023

Mission

TO BUILD A VIBRANT COMMUNITY SO THAT RESIDENTS, EMPLOYEES, AND ANYONE COMING INTO CONTACT WITH THE ADMIRAL MAY LEAD FULL AND AUTHENTIC LIVES OF PURPOSE.

Activities or mission (Part I)

TO BUILD A VIBRANT COMMUNITY SO THAT WE MAY EACH LEAD FULL AND AUTHENTIC LIVES OF PURPOSE.

  • THE ADMIRAL AT THE LAKE (THE ADMIRAL) IS A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, OR LIFE PLAN COMMUNITY, IN CHICAGO, ILLINOIS CONSISTING OF 196 INDEPENDENT LIVING APARTMENTS, 39 ASSISTED LIVING SUITES, 17 MEMORY CARE UNITS, AND 36 PRIVATE SKILLED NURSING BEDS. CONSTRUCTION OF THIS NEW BUILDING WAS SUBSTANTIALLY COMPLETED IN 2012. ON DECEMBER 31, 2023, THERE WERE 188 INDEPENDENT LIVING UNITS OCCUPIED FOR 96% OCCUPANCY. IN 2023, THE ADMIRAL FULFILLED ITS MISSION AND CHARITABLE PURPOSE BY PROVIDING CARE AND SERVICES TO OVER 450 RESIDENTS AGES OF 62 OR BETTER THROUGHOUT THE YEAR. THE ADMIRAL OFFERS A COMPREHENSIVE FITNESS AND WELLNESS PROGRAM THAT INCLUDES A FITNESS CENTER, INDOOR HEATED POOL, AND 27 FITNESS CLASSES PER WEEK WITH ADDITIONAL ONE ON ONE TRAINING PROGRAMS WITH THE FITNESS COORDINATOR.THERE IS A DIETICIAN WHO PROVIDES COUNSELING ON RESIDENT MEALS AND DIETS. A MYRIAD OF SOCIAL AND RECREATION ACTIVITIES ARE AVAILABLE TO ALL RESIDENTS, INCLUDING A CREATIVE ARTS STUDIO, GARDEN TERRACES, LIBRARY, MEDIA ROOM/THEATER, AND LOUNGE AMONG OTHERS.RESIDENTS ENTERING INTO THE INDEPENDENT LIVING APARTMENTS IN THE NEW LIFE PLAN COMMUNITY SIGN LIFE CARE RESIDENCY AGREEMENTS THAT CARRY THE PROMISE THAT THEIR CONTRACT WILL NOT BE TERMINATED FOR INSUFFICIENT FUNDS IN THE EVENT THE RESIDENT OUTLIVES THEIR ASSETS OR INCOME. IN 2023, THE ADMIRAL PROVIDED $ 136,944 IN DIRECT SUBSIDY AND FINANCIAL SUPPORT FOR ROOM AND BOARD, MEDICAL EXPENSES, AND STIPENDS. FURTHER, THE ADMIRAL PLEDGED TO PAY CERTAIN MEDICAL AND OTHER COSTS FOR CERTAIN RESIDENTS WHO HELD CERTAIN CONTRACTS.THE ADMIRAL AT THE LAKE, ALONG WITH ITS STAFF AND RESIDENTS, IS DEEPLY COMMITTED TO SUPPORTING THE WELL-BEING OF THE SURROUNDING NEIGHBORHOOD AND COMMUNITY. THROUGH VARIOUS EDUCATIONAL, CHARITABLE, AND COMMUNITY-FOCUSED INITIATIVES, THE ADMIRAL HAS MADE A MEANINGFUL IMPACT. THE ORGANIZATION HOSTED LUNCHEONS FOR NEARLY 100 ELEMENTARY STUDENTS AND TEACHERS FROM GOUDY SCHOOL, WHILE ALSO PARTNERING WITH ST. IGNATIUS PREP TO PROVIDE STUDENTS WITH TUTORING OPPORTUNITIES INVOLVING RESIDENTS. THE ADMIRAL REGULARLY OPENS ITS FACILITIES TO THE COMMUNITY, HOSTING A LOCAL WOMEN'S BOOK CLUB AND SERVING AS A POLLING LOCATION FOR THE CHICAGO BOARD OF ELECTIONS. IN ADDITION, RESIDENTS AND STAFF HAVE COLLECTIVELY CONTRIBUTED THOUSANDS OF VOLUNTEER HOURS TO LOCAL CAUSES, INCLUDING READING TO GOUDY SCHOOL STUDENTS AND PARTICIPATING IN THE WALK TO END ALZHEIMER'S, RAISING FUNDS FOR THE ALZHEIMER'S ASSOCIATION. THE ADMIRAL ALSO PLAYS A HANDS-ON ROLE IN NEIGHBORHOOD SUPPORT, MANAGING SNOW REMOVAL IN THE COMMUNAL ALLEY BEHIND ITS BUILDING AND ALONG NEARBY SIDEWALKS. MONTHLY DONATION COLLECTIONS BENEFIT BOTH RESIDENTS AND THE BROADER COMMUNITY, WHILE A WINTER WEAR DRIVE RESULTED IN OVER 250 ITEMS OF CLOTHING BEING DONATED TO CORNERSTONE COMMUNITY OUTREACH, A LOCAL NONPROFIT. THE ADMIRAL'S 'TRASH TO TREASURE' PROGRAM OFFERS A QUARTERLY OPPORTUNITY FOR STAFF AND RESIDENTS TO EXCHANGE OR DONATE UNNEEDED ITEMS TO EACH OTHER AND TO CORNERSTONE COMMUNITY OUTREACH. AS AN ACTIVE MEMBER OF SEVERAL LOCAL CHAMBERS OF COMMERCE, THE ADMIRAL PROVIDES SPACE FOR EDUCATIONAL EVENTS AND NETWORKING OPPORTUNITIES, DEMONSTRATING ITS DEDICATION TO LOCAL PARTNERSHIPS. FURTHERMORE, THE ADMIRAL PROUDLY SUPPORTS UPTOWN PRIDE ACTIVITIES, EMPHASIZING ITS ONGOING COMMITMENT TO INCLUSIVITY AND THE ENRICHMENT OF THE LOCAL COMMUNITY. THROUGH THESE EFFORTS, THE ADMIRAL AT THE LAKE FULFILLS ITS MISSION TO SERVE NOT ONLY ITS RESIDENTS BUT THE BROADER COMMUNITY, FOSTERING A SPIRIT OF GENEROSITY, ENGAGEMENT, AND SOCIAL RESPONSIBILITY.

    Expenses $25,382,533 · Grants $190,392 · Revenue $23,035,315

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nadia N Geigler

    CEO

    Total calculated
    $336,617
    From this org
    $334,808
    From related orgs
    $0
    Other
    $1,809
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $281,258
    Bonus
    $53,550
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,809
    Filer's total
    $336,617

  • Richard Zielinski

    CFO

    Total calculated
    $197,240
    From this org
    $195,528
    From related orgs
    $0
    Other
    $1,712
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $193,528
    Bonus
    $2,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,712
    Filer's total
    $197,240

  • Chaim Dubovick

    HEALTH SERVICES ADMINISTRATOR

    Total calculated
    $165,697
    From this org
    $142,636
    From related orgs
    $0
    Other
    $23,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,386
    Bonus
    $3,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,061
    Filer's total
    $165,697

  • Kathleen Obrien

    DIRECTOR OF SALES & MARKETING

    Total calculated
    $147,247
    From this org
    $138,906
    From related orgs
    $0
    Other
    $8,341
    Hours/week
    40

  • Navo Siafa

    REGISTERED NURSE

    Total calculated
    $146,580
    From this org
    $130,518
    From related orgs
    $0
    Other
    $16,062
    Hours/week
    40

  • Angela Jalloh

    DIRECTOR OF NURSING

    Total calculated
    $151,844
    From this org
    $128,887
    From related orgs
    $0
    Other
    $22,957
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,887
    Bonus
    $2,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,957
    Filer's total
    $151,844

  • Sara M Varghese

    ASSISTANT DIRECTOR OF NURSING

    Total calculated
    $120,892
    From this org
    $112,494
    From related orgs
    $0
    Other
    $8,398
    Hours/week
    40

  • Brittany G Vipham

    DIR. OF PROJECT MANAGEMENT

    Total calculated
    $117,885
    From this org
    $109,528
    From related orgs
    $0
    Other
    $8,357
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ANY BONUS PAID TO EMPLOYEES OTHER THAN THE CEO, ARE NON-FIXED PAYMENTS. THE CEO, CFO AND HUMAN RESOURCE GROUP EVALUATE THE AVAILABLE RESOURCES OF THE ORGANIZATION, AN INDIVIDUAL'S PERFORMANCE AND THEIR LENGTH OF SERVICE TO DETERMINE A BONUS THAT IS REASONABLE AS COMPARED TO THOSE FACTORS. THE CFO RECUSES THEMSELVES FROM THE EVALUATION OF THEIR OWN BONUS. THE FOLLOWING INDIVIDUALS RECEIVED A NON-FIXED PAYMENT BONUS AS DESCRIBED ABOVE IN 2023; THE BONUS WAS INCLUDED IN W-2 WAGES: NADIA N. GEIGLER,CEO - $53,550 RICHARD ZIELINSKI,CFO - $2,000 CHAIM DUBOVICK,HEALTH SERVICES ADMINISTRATOR - $3,250 KATHLEEN OBRIEN,DIRECTOR OF SALES & MARKETING - $2,000 NAVO SIAFA,REGISTERED NURSE - $3,445 ANGELA JALLOH,DIRECTOR OF NURSING - $2,000 SARA M. VARGHESE,ASSISTANT DIRECTOR OF NURSING - $1,350 BRITTANY G. VIPHAM,DIR. OF PROJECT MANAGEMENT - $3,000 NONE OF THE RELATED PARTY COMPENSATION IS UNDER THE SUPERVISION OF THE ADMIRAL AT THE LAKE, AND NONE OF THE COMPENSATION IS FOR SERVICES RENDERED TO THE ADMIRAL AT THE LAKE.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349312779

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