Jewish Geriatric Services Inc

“Adam berman, president and ceo, and barry berman, chief philanthropy officer have a family relationship.”

“The organization entered into a management agreement with chelsea jewish lifecare, inc. Effective september 4, 2018. Chelsea jewish lifecare, inc. Provided management services which included the following responsibilities: 1) key personnel management 2) personnel oversight (employees & administration) 3) financial responsibilities 4) management reports 5) regulatory compliance 6) quality assurance 7) purchasing & contracting 8) bank accounts”

“The sole member of the corporation is a related organization, chelsea jewish lifecare, inc.”

“The approval of the member, chelsea jewish lifecare, inc. Is required to elect or remove directors of the corporation.”

“The approval of the sole member (chelsea jewish lifecare. Inc.), subject to its by-laws, is required before the board of directors' action on any of the following becomes effective: (a) to amend or to repeal the articles of organization or the by-laws of the corporation or those of the affiliates; (b) to approve all plans of merger, consolidation, reorganization or dissolution of the corporation or any affiliate of the corporation, or the sale, lease, assignment or transfer of substantially all of the assets of the corporation or an affiliate, or the purchase or acquisition by the corporation or by an affiliate of any interest in any corporation, partnership, joint venture or other entity, whether newly created or previously existing; (c) to approve any borrowing, granting of a security interest by the corporation or by an affiliate in any assets of the corporation, the guaranty of any debt, and the granting of any mortgage; (d) to approve all gifts, grants, donations or similar transfers of funds of the corporation or of an affiliate to any entity other than the member; (e) to approve or remove directors or officers elected by the corporation or by any of the affiliates; (f) to approve the formation of any subsidiary of the corporation or that of an affiliate or any investment in another entity of any type; (g) to approve annual budgets and the selection of key executives of the corporation or an affiliate; and (h) to appoint the corporation's or the affiliates' auditors, attorneys or other business advisors.”

“The organization's complete form 990 is reviewed by the top management prior to filing with the irs. A complete copy of the form 990 is provided to the board prior to filing with the irs.”

“On an annual basis, all board members are instructed to inform the rest of the board if any conflict of interest exists pertaining to their membership on the board. Any potential conflict of interest is then discussed and assessed by the remaining board members. If a conflict exists, it must be disclosed and held to a higher level of scrutiny in order to verify that all transactions are at arms-length. Any board member deemed to have a conflict of interest will abstain from participating in the board's deliberations and decisions in the transaction. The president and ceo are responsible for overseeing that the conflict of interest process takes place.”

“The organization's ceo is paid by a related organization, chelsea jewish lifecare. Prior to major salary adjustments for the ceo, the organization's board of directors compensation committee arranges for a salary study to be performed. The study includes the executive salaries of comparably-sized companies in the industry. The board of directors then considers the findings of the study in setting the ceo's compensation. 2022 was the most recent year in which the process included review and approval by independent persons, comparability data, and contemporaneous substantiation. Compensation for key employees is determined through the use of salary studies or other data and adjusted based on the employee's years of experience and responsibilities by board of directors compensation committee. 2022 was the most recent year in which the process included review and approval by independent persons, comparability data, and contemporaneous substantiation.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Other changes in beneficial interest 26,598.”