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← THE CHICAGO FUND FOR HEALTHIER COMMUNITIES

Form 990 for tax year 2024

Filed by THE CHICAGO FUND FOR HEALTHIER COMMUNITIES.

Totals

Total revenue
$48,657,780
Total expenses
$33,952,630
Contributions and grants received
$29,183
Grants paid
$539,182
Program service revenue
$25,030,247
Investment income
$23,207,933
Other revenue
$390,417
Total assets, end of year
$33,099,692
Total liabilities, end of year
$3,527,520
Net assets or fund balances, end of year
$29,572,172
Program services expenses (Part IX)
$33,664,414
Management and general expenses
$288,216
Fundraising expenses
$0
Program service expenses (Part III)
$33,664,414

Program services were 99.2% 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.

  • 1f · All other contributions, gifts and grants

    $29,183

  • 2a · Program service revenue: PREMIUM REVENUE

    total $9,515,086 · related or exempt $9,515,086

  • 2b · Program service revenue: MGMT SERVICES CONTRACT

    total $6,898,924 · related or exempt $6,898,924

  • 2c · Program service revenue: CLAIM REVENUE

    total $6,589,657 · related or exempt $6,589,657

  • 2d · Program service revenue: CARE MGMT COORDINATION

    total $2,026,580 · related or exempt $2,026,580

  • 3 · Investment income

    total $1,411,995 · excluded $1,411,995

  • 7a · Gross sales of assets other than inventory

    other assets $25,000,000

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

    other assets $3,204,062

  • 7c · Gain or loss

    other assets $21,795,938

  • 7d · Net gain or loss

    total $21,795,938 · excluded $21,795,938

  • 11a · Other revenue: GAIN ON SUBSIDIARIES

    total $390,417 · excluded $390,417

  • 11e · Other revenue, total

    $390,417

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $539,182 · program services $539,182

  • 5 · Compensation of officers, directors and key employees

    total $3,685,978 · program services $3,685,978

  • 7 · Other salaries and wages

    total $8,739,900 · program services $8,739,900

  • 9 · Other employee benefits

    total $1,402,686 · program services $1,402,686

  • 10 · Payroll taxes

    total $805,837 · program services $805,837

  • 11b · Fees: legal

    total $1,450,440 · program services $1,450,440

  • 11c · Fees: accounting

    total $146,795 · management and general $146,795

  • 11f · Fees: investment management

    total $7,936 · management and general $7,936

  • 11g · Fees: other

    total $5,644,839 · program services $5,644,839

  • 12 · Advertising and promotion

    total $191,016 · program services $191,016

  • 13 · Office expenses

    total $133,485 · management and general $133,485

  • 16 · Occupancy

    total $288,844 · program services $288,844

  • 17 · Travel

    total $130,956 · program services $130,956

  • 19 · Conferences, conventions and meetings

    total $31,074 · program services $31,074

  • 22 · Depreciation, depletion and amortization

    total $80,437 · program services $80,437

  • 23 · Insurance

    total $101,155 · program services $101,155

  • 24a · Other expenses: CARE MANAGEMENT CAPITAT

    total $6,004,477 · program services $6,004,477

  • 24b · Other expenses: SHARED RISK EXPENSE

    total $3,814,060 · program services $3,814,060

  • 24c · Other expenses: RECRUITING

    total $235,310 · program services $235,310

  • 24d · Other expenses: AMORTIZATION

    total $179,955 · program services $179,955

  • 24e · All other expenses

    total $338,268 · program services $338,268

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $25,003,146 · end of year $29,412,219

  • 4 · Accounts receivable

    beginning of year $1,993,903 · end of year $107,625

  • 9 · Prepaid expenses and deferred charges

    beginning of year $986,137 · end of year $46,015

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $345,990

  • 12 · Investments: other securities

    beginning of year $2,025,000 · end of year $3,533,833

  • 14 · Intangible assets

    beginning of year $179,955 · end of year $0

  • 15 · Other assets

    beginning of year $2,205,975 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $968,659 · end of year $654,954

  • 19 · Deferred revenue

    beginning of year $46,418 · end of year $0

  • 25 · Other liabilities

    beginning of year $16,689,728 · end of year $2,872,566

  • 27 · Net assets without donor restrictions

    beginning of year $15,035,301 · end of year $29,572,172

Mission and programs · 2024

Mission

BY ORGANIZING A FORMAL HEALTHCARE PROVIDER COLLABORATIVE, MHNU'S MISSION IS TO IMPROVE THE HEALTH OF MEDICAID RECIPIENTS IN CHICAGO BY ENHANCING CARE COORDINATION AND QUALITY, IMPROVING ACCESS AND REDUCING FRAGMENTATION AND COST, ALL WHILE REINFORCING THE MEDICAL HOME. MHNU'S GOAL IS TO SERVE AS A MODEL FOR COLLABORATIVE AND PATIENT-CENTERED CARE.

Activities or mission (Part I)

TO IMPROVE THE HEALTH OF MEDICAID RECIPIENTS IN CHICAGO.

  • ESTABLISH CONNECTIVITY THROUGH VIRTUAL INTEGRATION OF THE MHNU PROVIDERS TO LEVERAGE THE VALUE OF HEALTH INFORMATION TECHNOLOGY TO FACILITATE IMPROVED CARE COORDINATION, IMPROVED CLINICAL DECISION SUPPORT AND POPULATION MANAGEMENT ACTIVITY.

    Expenses $8,773,544 · Revenue $9,618,712

  • THE ACO REALIZING EQUITY, ACCESS AND COMMUNITY HEALTH (AACO REACH) MODEL PROVIDES NOVEL TOOLS AND RESOURCES FOR HEALTH CARE PROVIDERS TO WORK TOGETHER IN AN ACCOUNTABLE CARE ORGANIZATION (ACO) TO IMPROVE THE QUALITY OF CARE FOR PEOPLE WITH TRADITIONAL MEDICARE. TO HELP ADVANCE HEALTH EQUITY, THE ACO HAS A ROBUST PLAN TO MEET THE NEEDS OF PEOPLE WITH TRADITIONAL MEDICARE IN UNDERSERVED COMMUNITIES AND MAKE MEASURABLE CHANGES TO ADDRESS HEALTH DISPARITIES. ADDITIONALLY, THE MODEL USES AN INNOVATIVE PAYMENT APPROACH TO BETTER SUPPORT CARE DELIVERY AND COORDINATION FOR PEOPLE IN UNDERSERVED COMMUNITIES.

    Expenses $6,601,229 · Revenue $3,356,795

  • COLLABORATION OF HEALTH CARE AND SOCIAL SERVICE PROVIDERS ON THE WEST SIDE OF CHICAGO. ITS PURPOSES IS TO CREATE AN UNPRECEDENTED AND UNINTERRUPTED CONTINUITY OF CARE AMONG HOSPITALS, OUTPATIENT CARE, THE SOCIAL SERVICE NETWORK AND COMMUNITY RESIDENTS.

    Expenses $3,654,497 · Revenue $3,133,654

  • OTHER PROGRAM INITIATIVES

    Expenses $14,635,144 · Revenue $8,921,086

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cheryl Lulias

    PRESIDENT & CEO

    Total calculated
    $1,025,697
    From this org
    $1,011,897
    From related orgs
    $0
    Other
    $13,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $510,802
    Bonus
    $500,000
    Other
    $1,095
    Deferred
    $13,800
    Nontaxable benefits
    $0
    Filer's total
    $1,025,697

  • Dr Arthur Jones

    DIRECTOR/CHIEF MEDICAL OFFICER

    Total calculated
    $568,846
    From this org
    $555,046
    From related orgs
    $0
    Other
    $13,800
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $255,046
    Bonus
    $300,000
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $0
    Filer's total
    $568,846

  • Alan Channing

    DIRECTOR

    Total calculated
    $11,167
    From this org
    $11,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Carol McCarthy

    DIRECTOR

    Total calculated
    $11,167
    From this org
    $11,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Stephanie Comer

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • William T Schleicher Jr

    SECRETARY AND TREASURER

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Wendy Cox

    CHIEF FINANCIAL OFFICER

    Total calculated
    $536,217
    From this org
    $523,895
    From related orgs
    $0
    Other
    $12,322
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,395
    Bonus
    $200,000
    Other
    $1,500
    Deferred
    $12,322
    Nontaxable benefits
    $0
    Filer's total
    $536,217

  • James Pospychals

    CHIEF OPERATING OFFICER

    Total calculated
    $224,117
    From this org
    $216,550
    From related orgs
    $0
    Other
    $7,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,550
    Bonus
    $15,000
    Other
    $0
    Deferred
    $7,567
    Nontaxable benefits
    $0
    Filer's total
    $224,117

  • Todd Burkard

    VP OF DATA ANALYTICS

    Total calculated
    $297,033
    From this org
    $288,117
    From related orgs
    $0
    Other
    $8,916
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,970
    Bonus
    $52,000
    Other
    $1,147
    Deferred
    $8,916
    Nontaxable benefits
    $0
    Filer's total
    $297,033

  • Laura Merrick

    ASSOC. VP OF HEALTH INFO TECH

    Total calculated
    $275,668
    From this org
    $266,081
    From related orgs
    $0
    Other
    $9,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,081
    Bonus
    $75,000
    Other
    $0
    Deferred
    $9,587
    Nontaxable benefits
    $0
    Filer's total
    $275,668

  • Misty Drake

    VP CLIENT SERVICES AND GROWTH

    Total calculated
    $313,421
    From this org
    $304,546
    From related orgs
    $0
    Other
    $8,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,546
    Bonus
    $75,000
    Other
    $0
    Deferred
    $8,875
    Nontaxable benefits
    $0
    Filer's total
    $313,421

  • Melanie Tan

    VP STRATEGY AND GROWTH

    Total calculated
    $278,253
    From this org
    $268,565
    From related orgs
    $0
    Other
    $9,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,565
    Bonus
    $75,000
    Other
    $0
    Deferred
    $9,688
    Nontaxable benefits
    $0
    Filer's total
    $278,253

  • Vamsi Kosuru

    VP PRODUCT AND ENGINEERING

    Total calculated
    $237,032
    From this org
    $228,947
    From related orgs
    $0
    Other
    $8,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,947
    Bonus
    $25,000
    Other
    $0
    Deferred
    $8,085
    Nontaxable benefits
    $0
    Filer's total
    $237,032

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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
COMPANY PERFORMANCE AND ANNUAL REVIEWS WERE TAKEN INTO ACCOUNT WHEN DETERMINING ACTUAL BONUS PAYOUTS. PROPOSED BONUSES WERE REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS PRIOR TO APPROVAL/PAYOUT.

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

  • MHN ACO LLC

    $500,000

    SUPPORT ORGANIZATION

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MHN CARE INNOVATIONS LLC

    PARENT COMPANY · IL · income $20,021 · assets $0

    Directly controlled by MHNU CORPORATION

  • MHN REACH ACO LLC

    COMMUNITY HEALTH · IL · income $653,874 · assets $0

    Directly controlled by MHN CARE INNOVATIONS LLC

Related corporations and trusts

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

  • MORECARE INC

    C · INSURANCE · IL · 100% owned · share of income $427,114 · share of assets $2,747,199 · controlled entity

    Directly controlled by MHNU CORPORATION

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • MEDICAL HOME NETWORK PBC

    $15,041,725

    Disposition · CASH AND CASH EQUIVALENTS · Sep 5, 2024 · CORPORATION

  • MEDICAL HOME NETWORK PBC

    $113,636

    Disposition · INVESTMENTS · Sep 5, 2024 · CORPORATION

  • MEDICAL HOME NETWORK PBC

    $2,777,242

    Disposition · A/R · Sep 5, 2024 · CORPORATION

  • MEDICAL HOME NETWORK PBC

    $267,135

    Disposition · PROPERTY AND EQUIPMENT · Sep 5, 2024 · CORPORATION

  • MEDICAL HOME NETWORK PBC

    $1,644,912

    Disposition · OTHER ASSETS · Sep 5, 2024 · CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349309171

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