Hrca Housing for Elderly Inc.

“Hebrew seniorlife, inc. Is the sole member of the organization.”

“The hebrew seniorlife board chair appoints the members of the hrca housing for the elderly, inc. Board of directors with the advice and consent of the hebrew seniorlife board members.”

“Decisions involving major changes in organization, budgetary decisions, finance, sale of assets, etc. Are also subject to approval by the hebrew seniorlife's board of directors.”

“Preparation of the form 990 begins internally with hebrew seniorlife and affiliates staff and cliftonlarsonallen prepares the form with input provided by hebrew seniorlife. All forms 990 and 990t of the affiliates of hebrew seniorlife, inc. (hsl is the sole corporate member of each affiliate) will be reviewed prior to filing by the audit and compliance committee of hebrew seniorlife, inc. Subsequent to such review and prior to filing copies will be provided to the appropriate governing board of directors for each affiliate. The governing boards will have 5 days time in which to view the full and accurate returns prior to their filing.”

“The board of hrca housing for elderly, inc., an affiliate of hebrew seniorlife, voted to adopt the hebrew seniorlife conflict of interest policy. Monitoring and dealing with potential or actual conflicts: individuals covered under the conflict of interest policy have an affirmative duty to disclose the existence or possibility of a conflict of interest and shall be given the opportunity to disclose all material facts to the hebrew seniorlife conflicts committee. The organization's conflict of interest policy provides that annually, each covered person shall sign a statement affirming that such person received a copy of the conflict of interest policy, read and understands the policy and agrees to comply with the policy. The signed statement affirms that the person understands hrca housing for elderly, inc. Is a charitable organization and that in order to maintain its tax-exempt status, hrca housing for elderly, inc. Must engage in activities which accomplish one or more of its tax-exempt purposes. Who is covered: the conflict of interest policy covers all directors, officers, members of committees with board delegated powers, persons serving in senior staff positions outlined in an exhibit attached to the conflict of interest policy, and any other person who is in a position to exercise substantial influence over the affairs of any of the organization or any of its affiliates. Level at which determinations of conflict are made and which actual conflicts are reviewed: the hebrew seniorlife conflicts committee is responsible for determining if a conflict of interest exists and evaluating whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a transaction that would not give rise to a conflict of interest. The conflicts committee reports its findings to the board of directors who are responsible for making a final determination on the conflict. Restrictions on conflicted persons: all covered persons are restricted from entering into a transaction without disclosing the actual or potential conflict to the hebrew seniorlife conflict committee and obtaining approval of the board of directors. Covered persons with a conflict must leave the room when transactions giving rise to the conflict are under discussion by the board of directors.”

“The compensation committee of the board, with the assistance of independent, expert consultants, has reviewed the ceo's total compensation, the president's total compensation and the compensation of all officers and key employees as well as highly compensated (>$150,000) employees of hsl and its affiliates. The full hsl board further reviewed and approved the compensation of the officers, key employees and highly compensated employees of hsl and its affiliates. All of these committee members are independent directors. Documentation and records of compensation committee meetings are maintained with respect to deliberations and compensation decisions.”

“The organization's tax returns are available at guidestar. Governing documents are available at the commonwealth of massachusetts' website. The tax returns, conflict of interest policy, and financial statements are also available upon request at the offices of hsl at 1200 centre street, boston, ma 02131 or by telephone and e-mail.”

“The organization did not change either its oversight process or selection process during the tax year.”