Penacook Assisted Living Facility Inc

“The board of directors reviews/affirms and votes on the form 990 and compares to the audited financial statements before it is submitted.”

“Each director, prior to taking his/her position on the board, and all present directors shall submit in writing to the president of the board a list of all businesses or other organizations of which he/she is an officer, director, trustee, member, owner (either as a sole proprietor or partner), shareholder, employee or agent, with which the corporation has, or might reasonably in the future enter into, a relationship or a transaction in which the director would have conflicting interests. The president shall become familiar with the statements of all directors in order to guide his conduct should a conflict arise.”

“The committee confirmed that the administrator/director of the entity would be responsible for the daily operations of the business as outlined in the administrator's job description. The committee defined that the president of the board of directors would be responsible for the oversight of the administrator/director. Compensation will be based upon market and merit. Beginning in april of each fiscal year market figures will be reviewed by the president and committee. The president will meet with the administrator/director and set performance goals and the director will provide feedback to the president to implement in the evaluation. In may, a draft of the director's evaluation will be provided to the committee including the director's feedback. The committee will review and recommend appropriate action. Approval of compensation will be included in the budget and presented to the board of directors for july implementation (the beginning of the fiscal year).”

“The president of the board works in conjunction with the personnel committee regarding the compensation of key employees. As part of the annual evaluation process, the committee gathers relative compensation data and presents to the board for approval.”

“Governing documents are made available to the public upon request.”

“The purposes of the corporation shall be to assist in the development and management of adult health care facilities and services for persons age 55 and older in need of care assistance and to provide other and further services as are desirable to promote the social welfare of the citizens of the state of new hampshire.”