Mental Health Resources Plus Inc

“On february 28, 2014, mental health resources plus, inc. ("mhrp") transferred control to vinfen corporation. As vinfen corporation possesses the service contracts for the clients being housed in the mhrp's properties, it was prudent for vinfen corporation to assume control of mhrp by having the board of directors replaced with members from vinfen corporation's board of directors. The transfer of control was approved by hud, cedac, north shore home consortium, the federal home loan bank of boston and family bank, and the commonwealth of massachusetts department of mental health. On june 30, 2014, mhrp was merged into vinfen corporation.”

“A formal review of the irs form 990 is completed by the board of directors' finance committee. Once the finance committee reviews the irs form 990, all directors are provided a copy and given the opportunity of input prior to submission to the irs.”

“Vinfen corporation distributes the conflict of interest policy and disclosure annually or bi-annually to directors, officers, and key employees and reviews the responses for potential conflicts. The conflict of interest policy covers all directors of vinfen corporation and its affiliated entities, as well as the senior management (the interdepartmental council or "idc") at vinfen corporation and affiliates. The general council reviews the disclosure forms to determine which directors or idc members have disclosed a potential conflict. For potential board conflicts, the chairperson of the board of directors appoints a committee of directors (with no reportable conflicts) to review the details of any reported potential conflicts and/or proposed business transactions. The committee then makes a recommendation for approval by the full board, which is voted on only by those directors with no reportable transactions. For potential conflicts by idc members, the ceo appoints a committee of idc members (with no reportable conflicts) to review the details of any reported potential conflicts and proposed business transactions. The committee then makes a recommendation for approval by the executive team, which is voted on only by those executive team members with no reportable transactions.”

“Vinfen corporation and affiliates make their governing documents, conflict of interest policy, form 990, and financial statements available to the public upon request by paper or e-mail for the same period of disclosure as set forth in section 6104(d). The form 990 is available via guidestar and the office of the massachusetts attorney general's website.”

“Transfer to vinfen corporation -1,271,417.”