Birch Bay Retirement Village

“Stephanie albert and enoch albert, who both served on the organization's board of trustees during the year covered by this form 990, share a family relationship.”

“Mount desert island hospital, a corporation duly organized under the laws of the state of maine, is the sole corporate member of the organization.”

“Mount desert island hospital, the organization's sole corporate member, has the authority to elect or remove the trustees of the organization.”

“The following governance decisions are reserved to the authority or subject to the approval of mount desert island hospital: 1. Amend or restate the articles of incorporation of the corporation; 2. Amend or restate the corporate bylaws of the corporation; 3. Approve any merger or consolidation involving the corporation, or to approve the dissolution and related distribution of assets of the corporation; 4. Approve any sale, mortgage, lien, pledge, or security interest in all, or substantially all, of the assets of the corporation; 5. Approve any fundraising activity conducted by the corporation; 6. Approve the selection of an auditor for the corporation; 7. Approve the commencement of any new venture, or major capital acquisitions, by the corporation; 8. Approve any capital or operating budgets of the corporation; and 9. Approve the selection or dismissal of the president of the corporation and establish the compensation and other terms and conditions of employment for the president.”

“The form 990 is prepared by an outside independent accounting firm with input and assistance from finance department staff. The trustees are provided with an electronic copy of the form 990 and all supporting schedules (printed versions are also available upon request), except schedule b which discloses donor information. Once the finance committee has completed its review, all board of trustees members are provided with a copy of the public version of form 990. Trustees are given the opportunity to comment and review before the form 990 is filed with the irs. The president & ceo and the vp of finance & cfo are available to answer any inquiries from members of the board of trustees. Trustees are also provided with a copy of the final form 990 as it is filed. Since the board reviews a public disclosure version of the 990 prior to filing, which has donor information redacted, form 990, line 11a has been answered "no."”

“Birch bay retirement village monitors and enforces compliance with the conflict of interest policy by requiring trustees to disclose any adverse or personal interests that arise, direct or indirect, either orally or by a trustee's written statement. After disclosing a potential conflict of interest and answering any questions that might be asked concerning such interest, the affected trustee shall withdraw from any meetings, deliberations, votes, or other matters concerning the conflict. The affected trustee shall not be counted in establishing a quorum for purposes of voting on such matter and, should the matter be brought to a vote, his vote shall not be counted in satisfying any voting requirements under the organization's bylaws or articles of incorporation.”

“The president & ceo of birch bay retirement village (bbrv) is compensated by a related organization, mount desert island hospital (mdih). The process used by mdih for determining the president & ceo's compensation includes a review and approval by the governing body of the organization. The governing body uses market data from an independent source to compare compensation models of similarly sized organizations within like demographic and geographic areas to align compensation packages. The compensation of other officers and key employees, including the executive director of bbrv, is reviewed by the human resources department using the same market data guidelines to compare and establish compensation for these positions.”

“The annual report, form 990, governing documents, conflict of interest policy, and the financial statements are available upon request. Additionally, the form 990 is available directly on the organization's website at: https://www.birchbayvillage.us/resources-reports/”

“Purchased services: program service expenses 634,752. Management and general expenses 172,540. Fundraising expenses 0. Total expenses 807,292. Payroll processing fees: program service expenses 14,433. Management and general expenses 4,237. Fundraising expenses 0. Total expenses 18,670.”

“Inter-affiliate transfer with mdmc 797,757.”

“The audit process has not changed from the prior year.”