Form 990, Part VI, Section B, line 11 |
A draft of the Form 990 is initially reviewed in detail by key financial services employees. The final Form 990 is distributed to the full Board of Directors prior to filing with the IRS. |
Form 990, Part VI, Section B, line 12c |
The Board of Directors holds approximately 10 meetings per year. Any potential conflicts of interest are disclosed and reviewed at the meetings, or are disclosed on an individual basis to the Chairperson and President/CEO. In addition, routine review of business transactions by senior management staff helps to ensure that potential conflicts of interest are identified and issues resolved. |
Form 990, Part VI, Section B, line 15 |
The President/CEO's salary is reviewed and approved on an annual basis by the Board of Directors. As part of the deliberation process, the Board reviews industry salary information obtained from the American Association of Home and Services for the Aging (AAHSA) as well as recent compensation surveys for benchmark statistics. The President/CEO reviews and approves senior management salaries on an annual basis. As part of this review, the President/CEO utilizes industry salary information from the American Association of Home and Services for the Aging and the Council for Health and Human Service Ministries of the United Church of Christ (CHHSM). The President/CEO, on an "as needed" basis, will consult with the Board of Directors regarding significant salary variances from industry standards. |
Form 990, Part VI, Section C, line 19 |
Copies of the governing documents, conflict of interest policy, and financial statements are kept by the Chairperson of the Board of Directors, President/CEO, and Vice President/CFO. Copies of such documents will be distributed by these individuals as appropriate upon request. The audited financial statements are also posted on the organization's website: www.hhhinfo.com |
Form 990, Part XI, line 9: |
Loss on Fair Value of Interest Rate Swap Agreement -2,731,588. Change in Interest in Havenwood-Heritage Heights Trust Fund as of 12/31/14 1,186,052. Transfer of assets to Havenwood-Heritage Heights Trust Fund |
Form 990, Part XII, Line 2c: |
The Budget & Finance Committee is responsible for oversight of the audit and selection of an independent accountant. The procedure has not changed from the prior year, and the same accountants performed the audits for 2013 and 2014. |
Form 990, Part VI, Line 14: |
Although the organization does not have a written corporate policy for records retention and destruction, there are written policies in place with respect to financial records, employees' personnel files and medical records, and residents' medical information. In addition, the Organization follows IRS, state and federal requirements for record retention and destruction in all other areas. The Organization plans to implement a corporate policy in the near future. |